Reporter yeah, deirdre this could be the biggest trade agreement of alltime, possibly. We have to look at the numbers here. The u. S. Touting some real structural changes in china, saying also that this agreement will be signed on paper and signed the first week of january now the chinese are saying this covers some very big items, really big sections, including protecting intellectual property , increasing those protections, those deals of the force transfer of property, ending that, opening Market Access for Financial Services firms, and china agrees to stop manipulating its currency. The president also says chinas agreed to buy a lot more agriculture from the u. S. But would not put that number in writing. President trump i think they will hit 50 billion in agriculture, much more because its also manufacturing and other but i think in agriculture they will hit 50 billion. They were already buying, even before the deal is signed, theyre buying. Reporter and as Senior Administration o
Alongside tom keene and lisa abramowicz, i am Jonathan Ferro. The s p 500 positive by 0. 22 . Tomorrow morning, retail sales, thursday from walmart. How many times have we done this from august . Talking about china. China the headline once again. Tom it starts and ends in china with a set of news. What is interesting to me is it is not one story. You have to get briefed on this to get up to speed on three, 4, 5 stories. Chinese equities in the tank, iron or somewhat in the tank. A lot of moving parts going on in china and that comes back to jackson hole. Jonathan one chinese developer, Country Garden holdings seeking to extend for the first time ever. Away from that we have a wealth manager missing payments. This is starting to mount in a bigger way. Lisa which begs the question of when this becomes financial contagion in china. Why are we not seeing more trickle out affects . Is that what we are seeing in germany or parts of europe . A lot of u. S. Companies are rationing back expect
Meteorologist mike mass cowith a first check of the forecast. Good evening, joyce, this will be one quite stretch of cold weather we will be dealing with where were not even talking freezing mark. Were looking at teens and 0s for a Long Duration period. Still a couple of snow showers across the boards as you get to galloway and egg harbor and mays landing and delaware and snow showers out. There maybe another coating to maybe an inch in part of delaware. But most of the activity with accumulations are now done. Look at. Ac airport, 4. 5. King of prussia 3. 4 and wayne in pennsylvania, 3. 2. These numbers pretty impressive for the clipper that moved through. Now we look at temperatures in the 20s in most spots. Coldest in the pong noingz down to 12. Feels like its 2 below zero at this hour. And we already have wind chill aalerts for the poconos and lehigh valley. It will feel between 10 to 20 below zero for the next couple days. Were down to zero in the poconos for tonight. 16 in philad
We got three reporters covering it all there. Phil lebeau on the cars and the crash tests. Housing, diana olick and the economy, steve leisman. But we do start with phil and these new crash tests on the ford f150. Give us more details, phil. Mandy this is a mixed review from the Insurance Institute for highway safety. Look at the crash test video. The good news for ford and for f150 owners they tested two versions of the truck, the super crew version which is the most popular version, all good ratings across the board. Extended cab, four good ratings but one acceptable citing injuries to the driver. Ford says it is making changes in the extended cab for 2016 to ensure that it passes all of the safety tests. But heres the negative news in this review by the iihs. It has to do with the cost of repairing the aluminum panels on the f150. They say those repair costs could be 26 more than the old repairs against a steel panel version. They say that repairing aluminum is timelier or takes mor
Victims after 3,000 acres have been burned. As can you see flames reached one home and several outbuildings and destroyed two structures. A large contingency of San Francisco firefighters are staging right now ready to head out and help. 500 residents are under evacuation orders. Fire broke out after 4 00 and grew to five square miles in a few hours. The fire is burning in rugged terrain which is difficult to reach. This is one of 14 wildfires in california. Law enforcement, friends and family will fill other raquel arena in oakland to honor a hair Police Officer killed in the line of duty, Sergeant Scott lunger. Amy hollyfield is at the arena with thousands are expected to gather. Amy . The funeral will happen at 10 00 this morning. They had to hold it in a large arena like this because they expect such a large crowd. The Hayward Police chief is encouraging the public to show up and fill the arena and show Sergeant Scott lunger respect. Sergeant scott lunger leaves behind a wife and t