Jackie deangelis in the newsroom and Edward Lawrence in washington. Lets kick it off with jackie on todays market rally. Jackie. Reporter good afternoon, melissa. Stocks were slightly higher on the blowout retail sales report in may, an increase of 17. 7 , the biggest monthly increase. Aprils sharp decline was revised lower this is good news as states are reopening and economy is getting up and running, there does appear to be a lot of pentup demand from folks not shopping while they were unlockdown orders but buyer beware. As you said in beijing, another lockdown after a cloughster of new coronavirus cases showing reopening may not be as easy as everyone is hoping it will be. Meanwhile stimulus hopes are helping stocks too. Reports considering the Trump Administration is considering a one trillion dollar infrastructure plan to help the conry recover. The money is expected to include things like roads and bridges and 5g infrastructure. Washington post, facebook, google, the ceos of tho
Connell im connell mcshane. This is after the bell. We have Team Coverage of all the big stories. Edward lawrence at the white house, gerri willis at New York Stock Exchange and phil flynn watching a lot of action in oil at cme edward back from his big trip to asia. Start us off with the big news from there. Reporter tone from the chinese changed. They got what they wanted. No new tariffs on huawei into the u. S. Chinese have agreed so far to sit down at the table to talk. Translator the two sides agree to restart the chinau. S. Consultations. The u. S. Agreed not to impose new tariffs on chinese products. This is in line with the interests of both sides. No one benefits from a trade war or tariffs which cannot solve the problem at all. Reporter the u. S. Wants the chinese to put back into the agreement everything the u. S. Says they took out of, all concessions that were made. Secretary wilbur ross was on my plane back from the g20. He told me the next round of talks the two sides wil
Three more conservative leadership candidates launch their campaigns to become the next Prime Minister. And the man who knew too much, was the half brother of kim jung un murdered in malaysia, because he was a cia informant . Hello and welcome im katty kay in washington and Christian Fraser is in london. The two top guns in american president ial politics will face off today in iowa. It is the state that kicks off the us president ial election season with the Iowa Caucuses. Its also a swing state. In 2012, barack obama won iowa with 52 of the vote. In 2016, trump won the state with 51 . So a purple state, worth the fight. And todays dueling speeches perhaps give us a preview of what the race may look like. Donald trump has no challenger. On the democrat side joe biden is one of 24. But for now he is the frontrunner. And ahead of his Campaign Speech later today, he has been speaking to Community Workers in the town of council bluffs. President trump is in iowa today and i. Because. And
Well continue and see where it goes from here. By the way the Senate Budget committee passing the republican tax reform bill today does take it a step closer to President Trumps desk but lets remember theres still major hurdles remaining several republican senators in fact remain undecided on the current tax bill, and they are seeking specific changes in order to become yes votes. And at the meeting with the republican senators on the hill President Trump says well those changes are coming. President trump were in a very good position in terms of the meeting we just had over the capitol with the republican senators and it was outstanding and i think we have tremendous support and i think its going to pass and its going to be very popular and have lots of adjustments before it ends, but the end result would be a very very massive the largest in the history of our country tax cut and lots of good things are going to happen. Charles now, to my panel tammy bruce, fox news political contrib
The uk will pay double what it offered the eu just two months ago in the hope it will pave the way to trade talks. Get in touch with us using the hashtag beyond100days. Hello, i am katty kay in washington, Christian Fraser is in london and donald trump is causing outrage on both sides of the atlantic. We dont know why the president of america chose to retweet incendiary, unverified, anti Muslim Videos posted by the convicted leader of a far right British Group but we do know that doing so has incensed americas closest ally. The videos are from the account of the british fascist jayda fransen, the deputy leader of the group, britain first. She was convicted last year of a hate crime on a muslim woman. Currently, she is on bailfacing four charges of religiously aggravated harassment. Membership that often endades to raise its profile. Early this morning, it received a huge propaganda gift from donald trump, the America First president. On his twitter feed, he retweeting three inflammator