Hey, edward. Reporter we do have some reduction in tariffs so 25 on 250 billion worth of tariffs and then 7. 5 on 120 billion worth of tariffs and those december 15 tariffs do not go forward. The president just speaking about this china trade deal saying that hes using those tariffs as negotiating points for the phase ii agreement to make sure china still comes to the table and the phase ii talks china wanted them to start immediately. The man who led the negotiating team here, u. S. Trade representative Robert Lighthizer released this statement today. He says, President Trump is focused on concluding a phase i agreement that achieves meaningful, fullyenforceable structural changes and begins rebalancing the u. S. China trade relationship. The chinese say that the phase i deal is in nine chapters, and those chapters include these are some of the big points here, protections for intellectual property, ending the forced transfer of technology, expanding access to financial markets, buyin
Constitution . Tore have been 27 amendments the u. S. Constitution. The first 10 compromise the bill of rights. The 21st amendment repealed the the sale ofbanned alcohol in the United States and the 27th amendment permits members of congress from receiving a pay raise until the next election had been held. How would you amend it . Start dialing in now. It joining us on the phonies Jeffrey Rosen. Lets begin with what was happening on this day in 1787 and the history of marking this day with Constitution Day. 87, september 17 in Independence Hall was the day the constitution was formerly formally approved and proposed. It was not the day it was ratified. The convention authorized president washington to send out the approved constitution to the states for ratification. After months of deliberation between may 20 fifth and september 17, the Constitutional Convention proposed the constitution. Congress passed a law requiring Public School kids to learn about the constitution on Constitutio
Advance, if its a very good month if it stays like this, the best june sinceey 40. We keep an eye on that. I remember that one well. Like just yesterday we were covering. A. That we have socalled bond king, jeffrey gundlach. He has turned markedly bearish. That the Federal Reserve doesnt know what he is doing and politicians flummoxed about the debt, whether they want to address it. He has been buying gold. He is optimistic on gold. His read on things a little later in the show. Edward lawrence on what the fed decision could reveal today. The white house want to see rates cut like now, right . Reporter the president made his observations clear. He would like to see that rate cut happen. It is widely expected the fed will keep the federal funds rate, 2. 25, 2. 50. Recent studies say that number goes up at the next meeting to 82 . Were looking for changes in the language of the statement. If the Federal Reserve says they will be patient for future adjustments. How the data changed and lo
neil: fox on top of holiday travelers on the run. last minute shoppers on the run. we have alicia acuna on the record number of flyers and kelly is in chicago on the prices facing drivers. then dana mcnichols on the race by bargain hunters. so much to get into. sandra: welcome. i m neil cavuto. the pressure is on for those that have not gotten their gifts and didn t take my advice to get processed meats and cheeses while they were there for the wanting. i tried, america. alicia acuna in denver where flyers are taking off and so far not a lot of sounding off. so far so good, i guess, alicia. that s right, neil. so far so good. 2.5 million people are expected to go through these lines today. i don t know if you remember, but during the thanksgiving travel period, i was doing a live shot with you. there was i did some travel talk. there was a viewer that said i didn t give enough travel tips. challenge accepted. so today i got tons of tips for you. if you re going to be
extreme maga republican effort to default on our debt, crash the economy. i m worried about the consequences of us not coming to terms and raising the debt ceiling. at this point, it s economic terrorism. my communications to them are, stand firm. there s no reason not to. stand firm. you have a white house that is not serious. republicans want to drive us over the cliff of default. it s idiotic for anybody to consider anything other than what we had. we will ride it out. neil: does that sound like progress? we ll see. both sides far apart as lawmakers race to cut a deal we re told a week away. this as fitch, the big ratings agency warns that a credit down grade could be in the cards and maybe soon regardless of how this works out. welcome, everybody. i m neil cavuto. so much to get to. let s get to it with chad pergram on capitol hill on where things stand right now. hi, chad. good afternoon. the move by fitch and the ratings arm of morning start caught the att