Reported yesterday and a top Infectious Disease expert says its about to get worse. Power lunch starts right now and welcome to power lunch everybody, the election shifting towards joe biden today. He took the lead in the counts in georgia and pennsylvania. Lets go to eamon javers to break down where we stand right now. Were stel loill looking at e same list of uncalled races. Joe bidens lead is increasing weve had more vote now coming in today from pennsylvania, moe are vote out from nevada in pennsylvania bidens lead over trump has grown to more than 13,000 votes. Take a look at the state of pennsylvania we are about 96 complete. Too close to call there. The difference there 13,220. Thats the whole ball game if joe biden wins there, this race is over because thats 20 electoral votes. Biden only needs 17 at this point to go over the top in nevada, press conference just wrapped up in clark county, home to Las Vegas Biden expanded his lead there and is up to 20,000 overall in the state.
More volcano warnings about an imminent explosive eruption. And on fire and small have all the days sport including rally for release the stars the town is coming together to raise money for victims of the australian brush fire. Just before we get into our lead story this out a bit to show you some live pictures from washington where u. S. House Speaker Nancy Pelosi is set to announce the team who will lead the prosecution in president Donald Trumps impeachment trial the u. S. House of representatives to choose a vote to hand over the impeachment charges to the senate and the trial is expected to begin on thursday well take you live to washington once House Speaker pelosi begins. Media briefing. So russias Prime Minister Dmitry Medvedev and his government have resigned it comes out the president Vladimir Putin used his annual state of the nation address to announce a plan for political reform putin says that parliament should choose the countrys Prime Minister but the president should
Expected to move to trial, the phase one china trade deal expected to be signed at the white house this morning top trump economic adviser larry kudlow joins us first cnbc this hour. And financials are in focus, bank of america beats for the quarter, goldman hampered by litigation charges target shares are plunging. Holiday sales miss on estimates on weakness and toys and electronics. The u. S. china phase one trade deal said to be signed this morning this is what secretary mnuchin said about the agreement earlier this morning on squawk. We need to put together very significant laws to change rules and regulations and made strong commitments to our companies there will not be forced Technology Going forward thats a big win for our technology companies, businesses and American Workers we look forward to learning more in the wake of this signing. Jim, mnuchins appearance this morning brought us something new, the notion of phase 2a, phase 2b, phase 2c, so stories evolving rapidly i think
Here potentially within the next couple of hours here at the white house, to figure out a way forward, give a final word as to what exactly will happen regarding not only the december 15 tariffs that are slated to go into effect as we stand here on december 12, but also, other china decisions and other trade deal decisions as well, whether or not there could be a potential phase i trade deal potentially a rollback of existing tariffs you get the idea that meeting taking place here soon. The president today though, did sound somewhat optimistic tone on twitter just a little while ago in which he wrote the following. He said getting very close to a big deal with china they want it and so do we, but within about the last half hour or so, the president once he went before the cameras also made a point to stay very tightlipped about what is going on between u. S. And china negotiations. President trump were working a deal with china but i wouldnt say up until now, theyve loved me. Reporter
Edward lawrence live in d. C. And edward, we start with you. Reporter a hiccup in the implementation of usmca threatened to cause tensions between the two countries over the agreement. It caused mexicos top trade negotiator to come here to washington, d. C. To meet with u. S. Trade representative Robert Lighthizer to work this all out. Because of concerns and that meeting, the u. S. Trade representative, allayed fears. Basically mexico was concerned that the u. S. Could force them into accepting up to five inspectors into their mexican factories and u. S. Trade representative Robert Lighthizer in a letter today saying those were not actually inspectors. Theyre attaches, attached to the u. S. Embassy here in the United States. So those attaches would offer technical guidance and expertise to the mexicans, not inspections. Adding that any compliance verification would be done by an independent panel with help from representatives from mexico and the u. S. The undersecretary says his fear