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December 7, 2018
The huawei cfo. her extradition order we learned from fox business last night. it was an independent act by the d.o.j. questions whether or not the president knew about it beforehand or not. we continue to learn more there. it is fueling a lot of uncertainty about the u.s./china relationship and an actual trade deal getting done. what is the latest there, maria? >> one of the issues here is espionage. the president may not have known that they were arresting her when they arrested her. he was at...
December 7, 2018
♪ another fox news alert to another rocky day on wall street coming even after unemployment held steadybusinesses at a 155,n november. slightly below expectations, but still an indication that the economy is growing. but amid high anxiety over trade disputes with china, the dow right now deep in negative territory again, it has been a wild day today. a lot of swings this week and today. adding to all of that, we are getting new details on the arrest of a top chinese executives that could throw...
December 7, 2018
Year-over-year wage growth matching the 3.1% pace. the best rate since 2009. you are seeing job creation and you are seeing wages go up for workers which is very good. what we saw happen as soon as the numbers hit the market reversed course. we were expecting a lower opening over yesterdays activity when you have the cfo of huawei getting arrested. but when the jobs numbers came out things reversed and now were seeing a gain in the market because investors are surmising this means the federal re...
December 7, 2018
To raise rates. its almost a lose-lose for the stock market as far as higher rates would retard stock market growth and an acknowledgment that the economy is slowing down would create worries that corporate profits wont grow as quickly as anticipated. you add these uncertainties around u.s./china trade negotiations, the arrest of the cfo of huawei, china demanding the immediate release of that individual, and you really had for what was as you described it pretty much a roller coaster ride on wa...
December 7, 2018
The arrest of the cfo of what w -- huawei. >> we begin with changes to the presidents cabinet. the president named a replacement for the embattled attorney general sessions. >> i want to confirm that bill barr, one of the most respected jurists in the country, highly respected lawyer, former attorney general under the bush administration, he will be nominated for the united states attorney general. >> barr currently working as an attorney at a private law firm served as president george w. bushs...
December 6, 2018
Department under president george h.w. bush 25 years ago is emerging as alleged candidate. the president has not made a final decision officials say, but is strongly considering the veteran washington lawyer. its been one month since trump fired attorney general jeff sessions. >> i put in an attorney general that never took control of the justice department, jeff sessions. never took control of the justice department and its sort of an incredible thing. >> reporter: after months of publicly chas...
December 6, 2018
>> weve had enormous concerning -- for years, about the practice of chinese firms to use stolen american intellectual property so not respecting this particular arrest, and huawei is one company weve been concerned about. >> reporter: bolton did say that he did know that this arrest was happening on saturday, but he did not say whether president trump did as well. clearly a high stakes situation is unfolding right now as both sides try to sort out these trade disputes. in the meantime, it seems ...
December 6, 2018
Lets get a check of cnn business. global stocks are down after the arrest of the huawei cfo. nikkei down 2%. shanghai and hang seng down 2%. the negativity continues in the europe market trading. dax and ftse and cac are all lower. wall street will reopen today. futures are down across the board. you will see weakness at the opening bell. yesterday was a welcome respite after the declines on tuesday. dow fell 799 points. the fourth largest point drop ever. the worst day since october of 2010. th...
December 6, 2018
Action without breaching the entire relationship. i think the administration is presenting it as either or, either we are an ally of saudi arabia or we respond to this murder. i dont think its that clear. i think theres an opportunity to do something serious, and i think that message is being received in saudi arabia right now in spite of whether it passes or this president signs it. i think they have to be getting the message. >> i want to get your take on a story developing at this point and w...
December 6, 2018
Of the new york stock exchange. cnn business correspondent alisons cou s coulkosik is ther. >> reporter: you look at the red on the screen, at the down arrows and that is the anxiety investors are feeling. im talking about the arrest of the cfo of huawei. this happening in canada at the request of the u.s. for alleged live violating american sanctions against iran. just keep in mind the cfo of huawei isnt just the cfo of that company, here dad is the founder of that company. this is a provocativ...