Expected to meet with World Leaders on pressing issues like threats and foreign threats, the president gears up to meet with french president Emmanuel Macron after threatening 100 tariffs on french goods and also spoke about macron in the press conference, retaliatory duties coming in response to frances tax on American Technology giant and they include products like cheese, handbags, champagne and the latest on the updates all morning long, mornings with maria begins right now. Big show this morning, joining the conversation fox business dagen mcdowell, Ramsey Solutions expert chris hogan and Senior Writer with wall street journal Jon Hilsenrath. Thank you. Maria a lot of news already just from the press conference that President Trump gave in london. Dagen yeah, you see it driving down the futures but waiting until after the election was the quote about waiting until after the election to deal with china, it was a lot. The press conference went on and on and for the markets and investors that was the take away. Jon i think the really, really big question if they are going to wait until after the election do they go ahead with december 15th tariffs that are coming in just a week and a half, you know, i think theres been so much uncertainty about where the tariff picture is going with the chinese and if we go ahead and impose these tariffs on december 15th, the markets are going to take a hit on that. Maria especially since chinese have wanted to get the tariffs off the table now, this has been negotiating stance, lets put this aside and talk about other issues, the Trump Administration never said that it was not going to do those tariffs. No, maria, i think this was a power move by the president , hes let everyone know that hes in control of the timeline and this will be dealt with, they have an opportunity to come to the table and lets get a deal done or wait and we will push and push more america. Maria thats what he said, its my decision, i want a deal but if we dont get a deal not worried about it. East being cavalier about it. Jon so much is happening in the tariff front in the last 48 hours, we reimposed tariffs on argentina and brazil on steel and now the new french tariffs and possibility of another big hit on china coming december 15th, you just dont know where its going to go. Maria what comes out of macron meeting, dagen, you have been unnerved that he will slap tariffs on european and what about european cars he threw water and now talking about cheese and wine and all additional things . Dagen i think that the tariff man is back with a vengeance and the stance right now is going to raise other worries among investors whether theyre real and concrete or not and the backdrop of this is Manufacturing Industry thats con extracting for 4 months in a row, that was why the market sold off and despite gm strike in recent months, slipped a little bit and still under 50, still contracting, thats a huge worry for this economy and the president , hes up for reelection, needs to do things to give business a more stable operating environment and encourage them to up spending and increase spending and with these threats and, jon, tariffs with argentina and brazil, we dont know when they will go into effect. Maria he said Effective Immediately, i dont know, Effective Immediately i will be putting tariffs back in place and just a moment ago hawkish we are doing very well with china right now. I think in some ways its better to wait after the elections with china, i just think that, i tell you, in some ways i like the idea in waiting until after the election. Jon i wonder also watching that to what extent is this about the president trying to strengthen negotiating position because they are in the final stages and he just wants to squeeze them, yeah, i dont need to do it right now to get them to make one or two final con concessions, to what extent the president feeling emboldened on impeachment proceedings and he feels that he can kind of press economic front because using stronger position on impeachment. Maria he did get a request on that this morning. Dagen its not an advantage to anybody doing business in the United States. I will point out in terms of steel and aluminum tariffs wall street journal cows it mount tariffs erupts again, u. S. Steel is laying off worker due to weaker demand, have the steel tariffs helped manufacturers, primary metal manufacturing jobs have fallen since january, 1500 jobs fewer than when the tariffs were first imposed and i said it on this program, the very day that the idea floated steel and aluminum tariffs that it destroys jobs rather than create them. Doesnt help people in the steel industry. Jon an example that speaks to that, i just did a story on the wisconsin economy and there was an anecdote in the story about aluminum foundry which had a great couple of years and then the whole tariff war started and they went through 3 rounds of temporary not permanent but temporary layoffs. Dagen because higher prices on the industries and businesses that you steel, basically they pull back demands, they cut demands. Maria the companies that you steel as oppose the companies that you steel. Affects the home team and thats this side, we have to look at the whole picture and make sure its done in the timely manner. Would that be the same if we were to see tariffs on french goods . The threatening up to 100 tariffs on french goods after reports french digital tax is affecting large American Technology companies, the president talked about this in that process conference as well, watch. If france puts tax on our companies, again, these are companies that are against, they were against me if i read the papers correctly but they are American Companies, i dont want france taxing American Companies. If they are going to be taxed its going to be the United States will tax them. Maria of course, the tariffs would affect like cheese, wine, soap, handbags, so far we have not seen this passed on to the consumer in a meaningful way but everyday items that may very well become more expensive for americans. Two points, one is we are talking all about china, a lot of people have argued strategically that the president should be working with the europeans to to go after americas real adversary which is china. The president thinks that the europeans are just as bad as chinese. Maria or worse. Jon the other thing about these things hitting consumers, its not the First Channel that this works for, Consumer Prices have been really low. This works for business chance channels as you were saying, Company Profits slowing down investment and only hits consumer in later stages and thats what we have to see if that plays out but hasnt hit consumers. In the face all all of this the democrats scheduled impeachment hearing in the Judiciary Committee while the president overseas which really is not right, the Trump Administration slamming House Democrats for hosting the hearings while the president is abroad, comes as the department of justice is praising the upcoming ig report into the fbi surveillance of the Trump Campaign. We have a lot happening here, impeachment hearings this week that we will be hearing in and about the judiciary and the impeachment report coming from adam schiff and the democrats and then the upcoming ig report, you know, dagen, we have been seeing a lot of leaks on the ig report, to me it looks like there are certain people that are nervous about the ig report so they are leaking to the New York Times, o thats not going to be that bad, oh, yeah, lowerlevel people, this morning weve got the department of justice praising the ig report, i dont think anybody has a definitive answer on what the ig report will show us on december 9th, when it is going to be released. Dagen no, clearly the leaks look strategically. Maria exactly. Dagen sit back and wait and see what happens, thats my thats my gut. The Washington Post is reporting that the democrats are actually debating widening the articles of impeachment to include charters beyond abuse of power in the ukraine controversy, they have been privately discussing the possibility of articles of obstruction of justice and special counsel Robert Muellers report. Maria going back to mueller, huh . Dagen exactly. Theyre not they cant see the writing on the wall in terms of how the American People are how opinion has shifted or changed or support has lessened in recent weeks. Maria youre spot on, they cant see the writing on the wall, after going home for thanksgiving and having to explain what they did in the last couple of months. Andrew saying im going to vote no and this is concerning me because we are not getting anything done. Do you see reach if for light switch in the dark, this is one of those, lets make it bigger even though we dont have anything substantial to stand on. Maria good point, short break, when we come back we are getting started, on deck fox news senior strategic analyst retired four star general jack keane, pennsylvania congressman guy and strauss family on made in america new partnership with bmw and his cows, dont miss a moment of it. When we come back Winter Weather wrath slams the northeast, 2 feet of snow parts of new york and massachusetts, first snowfall of the season. Wework Silver Screen debut, producers working to bring this story, wework to stories to theaters, would you go see it, details on the way children playing dog barking Music Building experience the power of sanctuary at the lincoln wish list sales event. Sign and drive off in a new lincoln with zero down, zero due at signing, and a complimentary first months payment. People think my job is easy. You just go on tv and talk, right . Well, each season theres over 1,500 players and hundreds of games. Plus passing yards, turnovers, injuries. 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Thats why fidelity continues to lead the industry in value while our competition continues to talk. Talk fidelity. Maria welcome back, have you looked outside, powerful winter storm slamming the northeast bringing heavy snow, parts of new york seeing 2inches a snow an hour, several counties under state of emergency as Police Report hundreds of car crashes as well, look at this, bus slamming in semitracter trailer near massachusetts border, no one seriously hurt, hundreds of flights canceled, check your flights, thousands of others being delayed, extreme weather causing serious troubles as well, lets get to fox news senior meteorologist janice dean, janice. The coastal low thats finally exiting the coast, however, we will still see measurable snow totals for parts of coastal new england over the next several hours and then we can get travel delays back up and running, forecast temperatures we certainly saw temperatures go down hence the snow that we saw over parts of the northeast including long island and new york city. Here are travel delays, we will still see problems across the northeast as the storm exits, the rest of the country looks good with the exception of west coast, several storm systems moving inland, heavy rain for coastal california and snow for mountainous regions, improving conditions for the northeast, looking good in southeast, central plains, northern plains, upper midwest and great lakes and we will watch the next storm system move in the west coast that could bring travel delays, otherwise improving conditions and theres your silver lining, maria, back to you. Maria we love the silver lining, coming up trade tensions, futures tanking this morning after President Trump says hes fine willing to wait until after the 2020 election to make a deal with china and with that markets reversed, plus retail record, cybermonday, the numbers are in, sales on track to hit new highs, what this means for the markets coming up, stay with us. [ electrical buzzing ] [ dramatic music ] ahhhh ahhhh elliott. You came back song by song i try and make it easier for anxiety. O get help. Depression. Panic attacks. People dont want to talk about it. So i share it. The struggle and the joy with my mental health. I bare it on a stage, under a spotlight, and invite everyone to join me. Whats your mission . Use godaddy to help make it happen. Make the world you want. Maria welcome back, new china trade tension this is morning and thats impacting futures, triple digit decline at the start of trading this morning, dow poised to open down 100 points after President Trump cast shadow after trade agreement with beijing before december 15th deadline weighing in ahead of nato summit in london this morning, watch this. The china trade deal is depending on one thing, do i want to make it because we are doing very well with china and we can do even better with a flick of a pen and china is paying for it, in some ways i like the idea until waiting after the election for the china deal but they want to make a deal now and we will see whether or not the deal will be right. Its going to be right. Maria darrell, always pleasure to see you. Thanks, maria. Maria how did you read that . I took it as market negative straightup as the futures reacted, puts december 15th tariffs full scale right in the square getting enacted along with the brazilargentina tariffs, potential tariffs and start to impact how you think of 2020 and into next year. Maria why are markets as strong as they are this year with this uncertainty, arent we talking like 100 new highs for dow industrials so far this year . You are, overall the economy has weathered this not withstanding anything else, we are putting today 2020 outlook and we have put call to resilience, i think the key for next year we have to see Economic Growth reaccelerate and earnings reaccelerate both of which are wild cards and the news of this morning didnt help that matter. Maria when you say reaccelerate, we are getting Something Like 2 growth in annual rate, are you saying it has to be faster or would 2 year be enough to keep the economy going the markets going higher in 2020 . I think 2 would be sustainable, jon, call it 3, we will finish 2. 2, just above 2. We expect next year to be 1. 8. You get below 2 and you approach the stall speed where any kind of shock becomes material for the economy and reignite the conversation in the summer months about recession. Jon right. Dagen is expanding the Balance Sheet although, again, the fed says they are not doing to stimulate the economy but at what point because the fed is very weary about cutting again, thats the posture going into 2020, at what point does the market stop feeling the juice from the central bank and feeling the love so to speak. Well, so far we havent seen those 3 cuts completely filter through in Economic Data yet, 6 months from the time of last cut but we do think that the bias is still probably for another cut certainly before another hike, and so if you get first half of the year and a lot of the economists and the baseline suggest the first half of the year looks more like 31, 34 gdp and get you 18 for the full year, if you get really slow first half growth the fed questions on whether they cut. Maria you pensioned pmis drags down the markets, sluggish numbers, Manufacturing Index down to 48. 1 in november, thats the fourth straight sub50 reading pointing to contraction and we know that above 50 is expansion, below 50 is contraction, did that bother you . I want to know what you think about purchasing managers and manufacturing, i do have this report that ive been talking about a lot from Cornerstone Macro that pmis are bottoming out right now, what do you think . We tend to agree, data shows manufacturing fall in recession, its the strength of the consumer and the rest of the economy thats been chugging along nicely, manufacturing is putting a bottom in here and you might see better results which is a positive. Maria a second ago you said all of the unknowns bring us back to the conversation of recession. Youre probably seeing when youre seeing Consumer Spending, 70 of the economy and manufacturing which is 25 to 30 , manufacturing looks like its bottom and slightly accelerate but the Consumer Spending numbers are coming down, right, midyear we were 4. 2 in Consumer Spending in the Fourth Quarter here we are probably down to 2 and a half, maybe closer to 2. Maria thats a concern, go ahead, ch