Defense because we are going to bring unparalleled technology. Chinese tech giant huawei remains under a microscope. Saying investors should worry about tariffs. Not seen tariffs since the 1930s. There is no playbook for this. That tradeope tensions vanish. We may combine various monetary tools. Its all straight ahead on bloomberg best. Hello and welcome. Im nejra cehic. This is your weekly review of the most important is in his news, analysis, and Business News and analysis from around the world. Global markets breathed a sigh of relief on monday after President Trump announced he would not impose a set of threatened tariffs on mexico. Mexico has won a reprieve after donald trump indefinitely suspended his plans for tariffs. Trump also about mexico and would soon make large agricultural purchases from the u. S. How did he follow up on the announcement he is not imposing tariffs on mexico . It raises a few questions. After that announcement, he came out in red mexico was going to make
Developments and the likely tax package everyone put the proverbial john hancock on this except the man who counts the most, the president of the United States. The companies are putting the money to work before its in their hot little hands, you heard a lot about that. So is connell mcshane, doing reporting on this and from the folks at wells fargo, planning big things. Reporter thats one of the Companies Making a big move. The bill hasnt been signed into law yet and have a number of Companies Looking to share the wealth. A small sample up on the screen, there have been more that announced but you talk about at t, boeing, comcast, southwest and were outside of wells fargo location here in new york. Theyve all made some sort of announcement what they hope do with the savings that they will have. Theyre not all equal, want to talk about the banks, if you looked at industry, especially the banks that have big operations domestically, wells fargo is an example of that. They pay a relative
Personal revenge above everything else. Reporter kane was convict this summer of perjury, orchestrating the leak of confidential documents designed to damage a former state prosecutor with whom she was feuding. Then lying about the leaks to a grand jury. It eroded the publics belief in prosecutors and Law Enforcement and as the judge noted we took a hit for that because of her conduct. Reporter at her sentencing hearing kane choked about tears as she read a statement in which she apologized to the people of pennsylvania and pleaded with the judge for mercy on behalf of her relationship with her teenaged sons. For whom shes the primary caregiver. Maybe i deserve everything i get she told the judge but they dont. Supporter force kane testified she had saved countless lives while attorney general by helping the city of hazelton fight back against their violent drug gangs. But prosecution witnesses described a toxic environment in the ags office kane in which loyalty was prized over all an
Another quarter of declining revenue. Company warning it may not be able to keep up with demand with the iphone 1 plus. Stock is down this morning. Crude oil down better than 1 , concerns of oversupply n. The u. S. Futures indicating lower opening with all that underway. Dow jones down 80 points, s p 500 also in negative territory. Dax down about 1 . In asia overnight, mixed performances, take a look. Fractional moves for the most part. Hang seng and hong kong worst. The indians shut down the cubs, all the highlights coming up. All the stories joining me to talk about it Dagen Mcdowell and chrysler ceo bob and maverick morgan ortagus. Great to be with you. Dagen bright shining face. [laughter] maria for three hours. Dagen im still angry about obamacare. [laughter] maria youre still fired up. We will talk about that obviously premiums going up. Former republican president ial candidate and former Arkansas Governor Mike Huckabee with us and dr. Sebastian georka with us. The commission of
Look at the implications of showdown and whether we will see another one on election day. On capitol Hill Janet Yellen on the hot seat, she faces the House Financial Services committee a week after Interest Rates are unchanged and likely get grilled on wells fargo deal as well. Hes losing out on 41 million. Amazon takes on the shipping industry now at after turning the retail word on its head. Ups and fedex on cross harris. We have details on amazons dominance. Anything can happen. We were looking at the negative in the morning and we ended up seeing moves. Up almost 1 . Ftse and the cac quarante also higher this morning n. Asia overnight, mixed action, nikkei average in japan hard hit. Other majors mixed. Elon musk going to mars. Vision to send people to the red planet in the next years. Will you be buying a ticket . Joining my to talk about it Fox Business Network Dagen Mcdowell and kevin kelly and tony with us this morning. Dagen good morning. Maria big day. Kevin awesome week so fa