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Manufacturing jobs back to the United States, as General Motors makes a major announcement this morning. For all of that, well turn to phil lebeau, who is in michigan. Good morning, phil. Reporter good morning, carl. Well talk about that gm announcement in just a little bit, but youre right, President Trump you can see the banner behind me its buy american, hire american. Thats the theme hell be hitting today. But hell also be talking about his administration moving to change the fuel economy standards law for the rules going into effect for the future. Let me show you this wall, which shows where fuel economy is h d headed between 2022 and 2025. Now, these standards were locked in by the Obama Administration back in 2011. You see the dramatic increase between ....
Points. That is the big question, is the market ready for a hike . The market is asking for a hike. The market is sitting up and begging for the hike, do the hike. You have a window. You have incredible momentum in the way people feel about the economy, all of the soft readings and things like Small Business confidence, home builder confidence, consumer confidence. This is the time to do these things. Dont wait until the next geopolitical whatever, which is probably right around the corner. I think the market wants it and expects it. If the market for some reason doesnt get it, do you think the market is going to sell off, right . I think it would. I think it would come back pretty quickly. It is not only about the hike but about the language that accompanies the hike. In my view, not only do i agree with josh in terms of market wanting and being ready for it. I think it is also ready for some firmer language in terms of the fed b ....
Was hit pretty hard. This was something that happened, you saw the yen was going to its highest level as the riskier assets took on hammering ahead of the key central bank. It is not just the u. S. Central bank meeting this week but the bank of japan, the bank of england and the Swiss National bank. Take a look at shanghai composite down by 3 . The hang seng down by 2. 5 . In germany this morning, the dax is down by 1 with similar declines at the cac and france. And well look at crude oil, this mornings crude oil down by 1 to 48. 57. Ice, brent crude, down by 50 cents to 50. 14. Back to the top story, terror in orlando. 50 people are dead and 53 injured in the worst shooting in u. S. History. Authorities in orlando have identified 21 victims so far. The gunman is 29yearold omar mate mateen, a u. S. Citizen. Well go to eamon javers with more on this investigation going on. Reporter good morning. An absolutely devastating tragedy he ....
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A federal jury ordered Donald Trump to pay E Jean Carol more than $83 million in damages for defamation after he denied allegations he raped her in the 1990s. In what is a most unfair case against Donald Trump, the jury decided Trump must pay her 18.3 million in compensatory damages and $65 million ....