Lost trillions of dollars to china. We dont need china. We would be far better off without them. President blasting the country for stealing from the u. S. For decades. He is now ordering companies to do business somewhere else. The president tweeting this. Our Great American companies are hereby ordered to immediate start looking for an alternative to china. The president continuing his crackdown on china over illegal fentanyl being funneled into the u. S. Ordering Companies Like fedex, ups, amazon, and the u. S. Postal service to root out illegal fentanyl being sent through their services. Trump saying this, they need to search for and refuse any fentanyl delivers. The president also said president xi of china promised to stop the drug flow but did not follow through on that. So, while President Trump continues to unload on china he is also promising retribution for the retaliatory tariffs. But his tray advisor, Peter Navarro struck a different tune on fox business earlier today sayi
Why that might be easier said than done. A growing debate over the next steps the white house may or may not take to avoid a downturn in the economy. Were getting mixed signals on the strength of the economy. So we start in this hour with Jackie Deangelis who is here in the studio to lay it all out for us. Reporter connell as recession fears linger, concern over the trade war keeping a lid on optimism, especially today. This is big week for retail. Home depot earnings were in focus. Home depot numbers beat the street. A reminder of the thorn in the markets side. Home depot is worried that the trade war a new round of tariffs will cause Consumer Spending to slow down. It. J max, positive report was dampened by earnings guidance. Numbers were under wall street expectations. Headwinds to consider here, global slow down, europe, china, parts of europe, bond yields continue falling, continued flight to safety less proannounced than last week, fundamentals pretty strong. Gdp more than 2 . Ju
From apple be on the way . New football war is kicking off. You might remember the xfl. It is coming back. The head of the Football League is here with us, to tell us why this time might be different. No more he hate me kind of thing. President backing of on tax cuts. As you heard yesterday but what is the new economic plan if we have a economic slowdown . Blake burman, latest, as things stand 12 01 p. M. Connell, the general concept of the white house theyre talking up the idea, at least possibility, say it is something that they have been talking about for a while, tax cuts, 2. 0. We heard this a little while. Tax cuts 2. 0. They wanted this since they passed the first form of tax cuts president talked about, this, before the Midterm Election last year. There could be some sort of tax cuts 2. 0. We have absolutely no idea what a tax cut 2. 0 might look like. Keep in mind, the president for now at least has taken off the table the idea of a payroll tax cut, indexing Capital Gains. The
Second day in a row both are down. We have a lot to go through. Fox Business Team coverage, Edward Lawrence at white house, susan li on the floor of the new york stock exchange, phil flynn with action on oil and gold out at cme, edward, with trade, as usual front and center. You. Reporter china is saying the u. S. Is stoking fires with the protests in hong kong. A Chinese Foreign min very spokesperson says, the u. S. Is making various hong kong accusations are wanton, factdistorting inflammatory. Some senior u. S. Politicians and diplomatic officials engaged with antichina rebel rousers in hong kong. The chinese go on this entirely internal chinese affair issue. The chinese hinting a stronger response may be needed in order to maintain order this is exactly what one of the spokespeople said. Hong kong, hong kongs radical demonstrators repeatedly used dangerous tools to attack police officers. Now these already constitute serious Violent Crimes and have begun to show signs of terrorism.
The great bob cousey, former point guard for the boston celtics. Well break any headlines that come out of white house as the hour goes on. Apple revealing the next lineup. What we know about the upcoming product. The release of a socalled proiphone. New concerns over vaping. Cdc now investigating the link between the rising trend and mysterious illnesses reported in 16 states. Melissa fox Business Team coverage. Blake burman is at the white house, gerri willis is on the floor of the new york stock exchange, Edward Lawrence live from jackson hole for the feds annual meeting and phil flynn enjoying all the action in oil at cme. Lets start with blake burman. Blake. Reporter melissa, President Trump continuing his criticisms of Federal Reserve. What is new for the president , a main focus of the president today was specifically focusing in on germany, the negative bond yields there. This is what the president wrote at one point earlier today, saying germany 30 year bond offering negative