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Way. Will it outweigh the rising cost of everyday living . That and much more on making money. Charles President Trump set to meet facetoface with the chinese vice premier in the oval office in less than 45 minutes. The markets rallying over reports that the u. S. Achieve a partial agreement with china. Here is deirdre bolton. Reporter the idea that the market is rallying or partial deal. Two moving part i hear from our sources is most likely. The first, as of tuesday, october 15th, the u. S. Had already cleared for to us put an additional 5 of tariffs on chinese goods. 250 billion worth on the 15th. So taking them from the current level of 25 to 30 . So our sources are telling us, more than likely the u. S. Will just hold steady at 25 . Not raise them to 30 . If that happened, that would be seen as a act of goodwill from the u. S. Side towards the chinese side. Now one thing that has already happened, but certainly important for ....
Worlds second largest economy now close to an ugly Tipping Point for u. S. Manufacturers and businesses . Former reagan economist art laffer literally wrote the book on the trump economy. Art laffer is here and hes about to answer that question. We will also ask is the rocket fuel from the tax cut running dry . The r word for recession taking a back seat to the o world, obliterate. When the president used it pertaining to iran, thats all it took to see a massive pileon into safe haven investments, a pileon that is continuing at this hour. Look at gold at the moment. That is a 15month high of 1,428 per troy ounce. You can see red on the screen for all major indices. Plus, i just said rocket fuel. How about spacexs heavy launch. You wont believe how many satellites they strapped to this rocket and got back up into orbit. The Federal Reserve chairs risk analysis and charlie brea ....
Premarket. The company forming a special committee to review allegations about its business relationships. Analysts call going on now. Mixed review for yahoo first ever live stream of an nfl game. And trump speaking out in a town hall today on the today show. First up, the dow, s p, nasdaq each aiming for a fifth consecutive week of games. The s p up more than 8 this month, vaulting back into positive territory for the year. As we said, a busy week ahead. A lot of earnings including results from apple, pfizer, merck, exxon, dupont, starbucks, twitter. The twoday fed meeting, on wednesday, right here on cnbc, the republican president ial debate. Coverage at 5 00 p. M. Eastern time. As far as stocks go, jim, october remains the best month since 2011 for all the major indices. We have seen an incredible rotation out of health care, out of retail after the vf corp numbers last week. Into industrials. Into technology. The financials have held up fairly well. Not great. Not bad. Insurers hav ....
Welcome to closing bell, everybody. Very important hour right now. Over at white house lots of things going on. Well keep you updated as it all happens. Im mandy drury sitting in for maria bartiromo. Im bill griffith. Were just three days away from the new year. Still no fix on the fiscal cliff, but there are developments right now, as you know. Brian just mentioning there. Various congressional leaders and the president getting set to meet at the white house this hour to work on lastminute negotiations all in an effort to avoid those series of tax increases and spending cuts due to take effect next year. What we hear is the Senate Leaders are there. Speaker boehner and Minority Leader Nancy Pelosi have yet to arrive, but now were showing you live pictures. Maybe somebody is going to get out of that car, and well see if any of the other leaders will be heading t ....
In price gouging in florida, not if the attorney general has anything to say about it. Giving up on stocks after the week we just went through . Potiphar bolden bears have anything to say about it. What they say you should and should not do as we wait out another scary october and remember its not even halloween. I just dress that way. Why are you laughing . Its time for communal life, lets do this now. Neil two hours and he could be here. Pastor brunson after two years in captivity in turkey could be here. Hes happy to be headed back to freedom and fox news Jillian Turner has the very latest . Reporter the countdown is on in maryland where were awaiting the arrival and the touchdown of pastor brunson just two hours from now. Itll be the first time his feet have touched american soil since he was taken into activity in turkey two years ago. The pastor spent the evening flying over the atlantic and the touchdown really in the middl ....