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Of legislative affairs, and winning over india, u. S. Tech giants move into the country with more than half a billion internet users. We will explore why not everyone is happy. But first, to our top story. It is finally here. After three years in the making, the u. S. And china have signed phase one of their trade deal. President trump and the chinese vice premier puttingpen putting pen to paper. Mp china has made substantial and enforceable commitments regarding protection of american ideas, trade secrets, patents, and trademarks. China has also pledged firm action to deal with pirated and counterfeit goods, which is a big problem for many in the room. Taylor those people in the room, executives from qualcomm and ebay and others. A director of cyberspace policy at the council on foreign relations, and in washington, bloombergs peggy collins. Peggy, let me start with you. What did we learn from the signing today . Peggy with the signing, what we have learned is that the u. S. And china ....
Which is just outside of shenzhen. We had a sitdown interview with a key executive. I would say that there is a huge misunderstanding about the type of company that huawei is. Huawei is privatelyowned company. There is no real connection to the state in china. We are part of that thriving private business. That is probably the fundamentally the biggest misunderstanding. Connell there is no connection between huawei and the Chinese Government, no direct connection. There is no direct connection. There is no ownership. Connell take it straight to todays panel, joined by adam lashinsky, fortune executive editor. Fox business contributor. Steve moore with us, economist at heritage, senior mick advisor to the trump campaign. Good to see you from main Mainland China this evening or early tuesday morning. Adam, start with the huawei question. It was interesting for lack of a bet ....
Thank you for joining us, everybody. Here on markets now, i am connell mcshane. Into the trading session, stocks are extending their holiday run. A lot to talk about, peter schiff will, in a minute. Juan williams later on. But we will start with Lauren Simonetti in the stock market. Lauren 105 million shares trading hands down here, but not only up arrows, but record highs. The nasdaq flying higher as is the s p 500, if youre keeping track, which we are. Counting todays close, 50 record highs counting todays price, 50 record highs for the Dow Jones Industrial average in 2013. We haae not seen a number that big since 1995 when we had 59 record closes. December, as you know, is historically one of the best months of the year for the stock market. Today is the best day of the month for the stock market. Amazon. Com. It was up quietly, but this year up 59 . 1 million cust ....
Well as you look at those. The stocks have been beaten down to a certain extent, but a stronger dollar has helped them along. There they are. Back to you. Lori thank you, nicole p at a adam General Motors making changes in the Management Team at the government finished selling its stake in the auto market. Jeff. Jeff the headline, no more crappy cars. She has not done any interviews yet, the last time she did one was a few years ago, actually. She did say famously w cant mae crappy cars anymore. It is that simple. She boiled down a complicated dress code policy to two words, dress appropriately. Tape provided by General Motors. Todays gm is vibrant. We have been through a lot, we learned a lot of lessons but we have never lost our spirit of wanting to win. Jeff she has personally been through a lot. Started as an intern ....
Be doing. J. C. Penney under pressure again, topsails coming in for j. C. Penney and the lot of analysts say those 6 months are theyre looking at markets, whether or not they believe some funding for next year. Cheryl thank you. Huawei adam the Worlds Largest carrier may be carrying the iphone according to the wall street journals china mobile, will likely author the phone later this month so what does this mean for companies . With more details and to break it down. To give some perspective, seven hundred million subscribers, the number of users of verizon in the u. S. So there will be potential for sales here who are expecting apple to rollout the i phone and on december 18th after the conference is on the go after so many years, largely tweet his things, the fact the Chinese Ministry announced, other carriers operate the 4 g network, so after the full year, the meeting w ....