Jackie deangelis in the newsroom and Edward Lawrence in washington. Lets kick it off with jackie on todays market rally. Jackie. Reporter good afternoon, melissa. Stocks were slightly higher on the blowout retail sales report in may, an increase of 17. 7 , the biggest monthly increase. Aprils sharp decline was revised lower this is good news as states are reopening and economy is getting up and running, there does appear to be a lot of pentup demand from folks not shopping while they were unlockdown orders but buyer beware. As you said in beijing, another lockdown after a cloughster of new coronavirus cases showing reopening may not be as easy as everyone is hoping it will be. Meanwhile stimulus hopes are helping stocks too. Reports considering the Trump Administration is considering a one trillion dollar infrastructure plan to help the conry recover. The money is expected to include things like roads and bridges and 5g infrastructure. Washington post, facebook, google, the ceos of tho
Worsening homeless crisis. So many folks are fleeing california, that the population growth there is at the slowest rate since 1900. Key developments tonight on the battle to fund Border Security, from the Trump Administration planning a court fight to seize private land in texas for its wall, to House Democrats demanding answers over the death of immigrants in u. S. Custody. Im Jackie Deangelis in for Elizabeth Macdonald tonight. The evening edit starts right now. Jackie a big gift for investors this holiday. China coming out and saying theyre cutting back tariffs on 389 billion worth of import. That is starting january 1st. Hillary vaughn in d. C. With the latest. Hillary . Reporter jackie, china is chopping tariffs on frozen pork and 800 other products to kick off the new year. The pork cut on u. S. Pig exports to china is really early Christmas Gift for u. S. Pig farmers who capitalize on chinas big pig demand. Who until now have been dealing with high taxes on u. S. Pork exports.
Democrats of purposely refusing to call in doj Inspector General Michael Horowitz to testify about his i. G. Report slamming james comey. Why . Because it would ruin their impeachment push to get rid of donald trump. Nadler is trying to fast track impeachment. Not answering congressional subpoenas is a high crime and misdemeanor, the same crime obama officials committed. How a certain candidate, what she wants could help opec and russia. Cnn getting criticized by the New York Times and an extraordinary rebuke by the cia. They say cnn got it wrong. More media bias. Senator Charles Schumer said Senate Democrats will block President Trumps use of pentagon funds to pay for the wall even though the Supreme Court cases back him up. Just days before the anniversary of 9 11, obamas Homeland Security secretary Janet Napolitano said the border is not a top threat. We have overwhelming evidence that says otherwise. And what Janet Napolitano is the top threat . You will be surprised. Maybe you won
Connell im connell mcshane. This is after the bell. We have Team Coverage of all the big stories. Edward lawrence at the white house, gerri willis at New York Stock Exchange and phil flynn watching a lot of action in oil at cme edward back from his big trip to asia. Start us off with the big news from there. Reporter tone from the chinese changed. They got what they wanted. No new tariffs on huawei into the u. S. Chinese have agreed so far to sit down at the table to talk. Translator the two sides agree to restart the chinau. S. Consultations. The u. S. Agreed not to impose new tariffs on chinese products. This is in line with the interests of both sides. No one benefits from a trade war or tariffs which cannot solve the problem at all. Reporter the u. S. Wants the chinese to put back into the agreement everything the u. S. Says they took out of, all concessions that were made. Secretary wilbur ross was on my plane back from the g20. He told me the next round of talks the two sides wil
Melissa this is of the after the bell. Blake burman standing by at the white house. Kristina partsinevelos is on the floor of the new york stock exchange. Blake, i will start with you first. Reporter melissa, looking down from my computer. We got a statement from nancy pelosi. Were getting her first reaction to the president s tariff decisions. She calls what the president did as reckless. The threat is not rooted in wise trade policy but more to do with bad immigration policy on his part that from nancy pelosi. We heard from President Trump today as well, he sent out a host of tweets which he defends his move two ways. He says one the surge at the southern border relates to Illegal Immigrants needs to stop. He says there is a flow of drugs coming across the southern border, that needs to be curtailed as well. The acting head of the department of Homeland Security is kevin mack call lien. Last night when he spoke with reporters he outlined how mexico could avoid tariffs going forward.