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Will be solved as a whole in the near future. Maybe there will be a limited agreement between United States and china. Melt down in the steel sector shares plunge more than 10 as they lower their 2020 outlook. Fiat chrysler shares see red after they prepare for themes for a gm lawsuit welcome to the show, no deal this year. There are big barriers to a preliminary or phase one trade agreement which could push negotiations into 2020 talks have tumbled over beijings demand over tariffs and the u. S. Demanding over property rights. So i can tell you this. China would much rather make a trade deal than i would. Why havent they . Because i havent wanted to do it yet. Why havent you because i dont think theyve stepped up to the level i want the president toured the apple facility in austin, texas with tim cook. We have this report. Reporter the Unlikely Alliance between tim cook o ....
Here and pw partner mitch rochell. Happy monday everybody. Good to see you. Congress back in session, weve got markets trading up, deal on china in terms of a meeting, of course, early october, lot to talk about this morning. Also on deck, my interview with treasury secretary Steven Mnuchin. Were going to talk about trade, the fed, fannie and freddy, reform, fannie mae and freddy reform, the latest iteration of a plan, certainly out of the treasury this morning, about Housing Finance and housing reform. Well talk about fannie mae and freddie mac. And the founder of papa johns pizza speaking out this morning exclusively to me in his first interview since being pushed out of the company that he founded. John bar a aso is here talking about peace talks with afghanistan, Niles Gardner is here talking brexit and senior judici ....
And welcome, everyone, to power lunch. Im Tyler Mathisen glad you could join us on a summer monday. A new trading month, a new half, and record highs for the stock market, but were off the session highs, as melissa just mentioned. The dow was up 290 points earlier. Apple leading the dow, boeing, the biggest dragger. And chip stocks soaring on that trade truce. Kelly. Tyler, thanks the rally is losing steam. Lets get to seema moda on the floor of the New York Stock Exchange with more on the action this hour. Hey, the key question for the market is whether those talks between u. S. And chinese officials over the weekend and japan will actually lead to a trade deal what youre seeing is some of the optimism around the trade talks starting to fade we started the day higher by about 1 the intra day high for the s p 500 was 2977 were currently at 2957. Still up about a half ....
Might be around the corner. Kevin cirilli is at the white house, where we expect Prime Minister trudeau any minute. Kevin canadian Prime MinisterJustin Trudeau set to meet with President Trump to discuss the usmca as the house of skeptical ases is to whether they are willing to advance this measure. Mexico has taken the next step to advance the trade agreement between the u. S. , mexico, and canada. In addition to meeting with the president , canadian Prime MinisterJustin Trudeau is expected to meet with democrats on capitol hill. That that lobbying effort he is going to have to win over in order to finalize this deal. Yesterday i spoke with senior memb ....
First breaking news on how the tax plan will impact you ylan mui is live on capitol hill. Reporter treasury secretary Steven Mnuchin spoke moments ago about the administrations first step in turning the tax law into reality. Treasury department and the irs have just issued new guidance it to employers, telling them how much money to withhold from their paycheck under the new tax law. The irs will be releasing a new withholding calculator that will be vail on irs. Gov by the end of february. This will help provide individuals with certainty, so that they are neither overwithheld or underwithheld and can plan financial decisions. Reporter democrats have criticized the rollout of this process, saying that many people could actually end up paying too little in taxes. Secretary mnuchin said that claim is ridiculous, and that this process has not been politicized. Now, the white house is celebrating todays guidance as a win that will pu ....