After we got the outline of phase one trade deal china President Trump has agreed to lower some of our tariffs in exchange for, it looks like, 50 billion a year in agricultural purchases. And some much firmer protections against intellectual property theft and currency manipulation. And those last two pieces, please, youve got to understand thats what the United States is fighting for thats the real meat of the deal we need Chinese Companies steal our patents and trade secrets and we need china to swear off currency manipulation. I dont know i assume the case. I think let me tell you i want to make this really clear. Ag is not what this is about but we got to spend some time on it because its what people are going to talk about. China has a history of not following through with its trade commitments. And this time, weve got powerful enforcement mechanism theres still going to be a 25 tariff on 250 billion worth of chinese imports with a 7. 5 levy on another 120 billion that had been cu
Right now the green is the controlling color. The dow approaching 2,000. The s p and nasdaq on track for record closes to end out what has been a very eventful week. Lets get to eamon now for more on what we expect as we await President Trump. Its been to put it mildly a busy day in washington the drama is swirling here in washington today the president will be talking in the roosevelt room in a couple of minutes about this initiative that you just mentioned which is keeping Held Health Care costs lower by allowing customers to see what the prices are. The administration is talk about forcing hospitals and Insurance Companies now to disclose what the prices are they negotiate among themselves those negotiations behind closed doors now and the administration has been making the case today this is a shadowy Pricing System and customers are entirely unaware of what things cost and they cant make real choices about what their health care ought to be and how much it ought to cost. Thats the
Overnight in asia, youre going to see whats happening. Well talk more about whats happening here with the futures. Overnight in asia the nikkei down by 1 2 a percentage point the hang seng up by. 2 . The shanghai composite down by a similar amount in europe this morning with the green arrows there, youre going to take a look and see that gains across the board dax up by 1. 25 . Cac up by. 9 . Crude oil prices, take a look at that, too. Last week for the week they were down by 60 cents down this morning another 55 cents to 57. 82 for wti. You think you can keep bringing things in here and yes. Driving your yes. To thats exactly what i think. Because you can. Because i can. That definitely is i try to spread cheer. Grat grasso messaged me, imt on youre trying to create tension. You bring me like back you know remember your thumb was sore and i got you some epsom salt. And today you brought coffee. Thats a way to do it. Hes the man. Im half italian, half sicilian. That means dont cross hi
Make big money if this cvs deal closes well tell you how much. Trying to count it up coming up first as you know, President Trump made this major announcement on israel today which could destabilize the middle east this coming just a day after carlisles David Rubenstein told cnbc the only thing that the market needs to worry about is an unexpected geopolitical event. The only thing we have to worry about in 2018 or 2019 some unanticipated geopolitical event, the black swan. But right now short of those kind of things i think the economy is reasonably good shape and probably going to be spurred on by the taxbill. Lets get to cnbcs eamon javers for a recap of eat vents. The president decided today to recognize that the capital of israel is in jerusalem breaking with longstanding u. S. Policy the president cast this as simply acknowledging the reality on the ground in jerusalem and said that he was fulfilling a Campaign Promise heres what he said earlier today. Today i am delivering ive j
Commissioner lim. Required Financial Reporting during the audit when we do the financial report, required with the audit, and also reviewed by aon and reviewed by independent auditor. Ok. So, further certification we are using the funds properly and for the purposes intended. Correct. So, we provide the calculations but you are correct in that is audited and i know that was reported on last month. Ok, thank you. Commissioner lim. Ibnr for the city plan was substantially reduced 2008, because pretty much all of the city plan is fully funded now. For the medicare retirees. So it would go down, expect it to go down in 2018. All right. Thank you. Any questions, other questions from the board . Any Public Comments . Hearing and seeing none, thank you. We will now return to our regular board meeting. We are no longer the committee of the whole on rates and benefits. Have we changed . No. Madam secretary. Thank you. Item 10, discussion item, update on blue shield trio hmo implementation and p