The final hour and we did get some strong earnings from industrial names like Rockwell Automation and speaking of the president s speech, we will have the first reaction from the white house right here on closing bell. A live interview with top economic adviser larry kudlow in just a few minutes from now. And we will ask him for some clarity on china and the status to have the trade negotiations joining us now for the hour is steve grasso from stuart frankel. Kind of a quiet market day here, but perhaps a little bit of upward bias for a while until just the last several minutes. I think its about everything that you just touched on i think its the majority was President Trump, the expectations coming out of that speak that speech at the Economic Club. Was he going to unveil anything that the market didnt already know so once you get through it and there was nothing new that the market could bite into, the market sells off sort of an anticlimactic feel to the whole day. So we had some a
Stock market as well the nikkei was up about 1 the hang seng up about a quarter. In europe, some active trading, you are going to see some red there. Dax is down. Cac off by. 6 the yields there have come under pressure it looked like they were a little weaker as well. Just above that. The 10year at 1. 53 the two year at 1. 444. China conflict escalating the u. S. Adding more companies to the black list and china scrapping the nba preseason games. Eunice yoon joins us with the latest it is not going to a very good place the financial fall out just continues for a second day tencent said it is suspending broadcast of the games for now, these are preseason games. This came a couple hours after the state broadcaster, cctv which has a very long relationship says it will halt all preseason games as well. In their statement, the cctv said we are strongly dissatisfied with the commissioners defense for the Houston Rockets tweet supporting the hong kong protesters saying we believe any speech t
Well and apple. That event is just wrapping up now. Announcements shaking out in the stocks of different competitors. Were going to fill you in on all of that action but joining us for the hour is steve grasso from stuart frankel. Steve, great to see you. Good to see you its amazing. Not necessarily a major move for the averages today or right now. Everything is slightly lower and actually, if you look at the week, the dow is actually flat so far to start off the week and yet theres been this great rotation talk to us about that. The rotation is coming out of growth into value. How long does that last is how long the market will be under pressure and for now, it probably will last a little bit longer, but get a trade deal, throw everything i just said out the window and you see everything rally back people are making the analogy back to 09 and 2016, with this rotation that lasted for a couple of weeks. I dont think it will be that long do you really think were going to get a trade deal
We have now publicly traded companies and we are unique in the way we are truly a Member Organization created 75 years ago under the guide of one number one vote. So nfib members vote the ballot and set policies for nfib. We dont decide what is good for Small Business. They tell us and we take that to state capitals and to the hill to lobby on your behalf. When it comes to going to build what is the main message you deliver at the white house if you have that relationship . One of the things most policymakers dont understand is Small Business makes up half the economy and have the job growth. Reminding them how important Small Business is to the wellbeing of the country through employment, growth and all that and reminding them Small Businesses are different, they are small, familyrun, in smaller communities having 1sizefitsall policy from washington that might be great for large corporations can harm Small Business. Does that apply to this accident to Small Business . Great point. We
And independents, 2027488002. You can tweet us your thoughts at cspanwj and post on our Facebook Page. That is at facebook. Com cspan. Joining us on the phone to explain this proposal from the Trump Administration is anna, she covers Homeland Security issues for the publication. A morning to you. Guest good morning, pedro. Host could this could you explain this proposal and how it changes from the current policy . 2015, a judge of the Central District of california ruled in a settlement that children in i. C. E. Custody and any person with that child could not be held in custody more than 20 days. This is under the Obama Administration and at the time, you have families going through dockets seeking asylum being held 45 days, sometimes 90 days. The issue at hand was you cannot just indefinitely detain a family. Now what we have is any family weather they present at a port and does not have documents or illegally crosses and says i have a credible fear of returning will be taken into cu