America inside of the peach there. He is expected to talk about deregulation, tax cuts, tax incentives, boosted economy to the record recovery what is expected to talk about. 11 years going forward. He is expected to talk about wages are rising. We have low inflation, looking at that, boosting spending. How his policies done that you will hear frustration from democrats. This is, frustration about democrats. This is how the Vice President , chief of staff earlier talked about how democrats are holding back the administration they have not done the things what they promised to do. They problem is to work with the administration to lower drug prices. They promised to work with us on infrastructure and work with us on trade deals. We are anxious to complete the trade deals that keep this economy going. Reporter some excerpts of the speech we obtained. One of the key insights of economic power is incentives. Unlike past leaders the president is expected to say my goal to insure this power
And out of beijing. Edward lawrence with the latest. Reporter china added two more items, at least two more items from the exemption list for tariffs. That would be soybeans and also pork. The u. S. , this would fit in line with a purchase that was confirmed by the u. S. Department of agriculture today of soybeans by china and chinese companies, possibly in the future. We could see more pork bought from u. S. Farmers. Now the President Trump says that he exist as Large Purchase from u. S. Farmers by china. The president also adding to the confusion about an interim deal that has been floated. Now yesterday the president coming out saying that he would consider it but then in the same breadth the president came back, said, quote i would rather get the whole deal done. U. S. Trade representative robert light highser is working on the whole deal now. In fact the deputy level trade Delegation Team from china will be in the United States next week to have meetings there to set up a meeting
You can talk about a world softening and fast but thats not it. What is going on is a sense of order. Get out of the way before more sell orders come in. That has the nasdaq in bear market territory. Slided better than 20 from highs last august. A significant development. It follows the likes of transportation stocks, the dow transports, which tends to show how the economy will do and follows what is happening with an average following Small Company stocks. You have three averages in bear market territory. The s p 500 and the dow even with their incredible skids today are still a couple Percentage Points away. What is doing it . Who will reverse it . Forget about a santa claus rally. Investors are saying santa, really . To fbns Kristina Partsinevelos with the nasdaq where theyre battling a ferocious bear. Kristina . Youre 100 right. It doesnt really have to do with the government shut down. Its the fear in 2019 of a economic slow down. Youre seeing a sell off in risky stocks. The tech