Tariffs rolling back in phases as we go forward. A spokesman for the Chinese Commerce Ministry Says if the deal gets made or gets finalized, this would happen. Here is exactly what he says. I want you to hear this. Listen. Translator if the two sides reach a first phase agreement, the already proposed tariffs will be canceled proportionally. This is important part of agreement. Reporter we heard if. We heard in the last minute that was accurate statement, coming out of u. S. Trade sources here, Senior Administration official saying that is an accurate statement. Chinese sources tell us they have been told about it u. S. That the december 15th tariffs will not be imposed. A trade source on the u. S. Side, says if there is deal finalized they do not expect the december 15th extra tariffs to be imposed Going Forward. Separately both sides say idea of a trade deal pushed into december is not part of discussions at this point. Theyre working with a time frame, apec time frame. To have final
86point gain. S p and nasdaq also looking to be higher at the open. In other news, lebron james is trying to do damage control after criticizing the Houston Rockets general manager darryl morey for his comments on the hong kong protests. Wait until you hear what lebron is saying now. The democrat president ial candidates are in ohio for their big debate tonight. You can bet they are going to rip President Trump and promote their far left policies so how will that play in ohio, of all places . We are on that all morning long. And we have a lot to go at this morning, including Mark Zuckerberg meeting with some big name conservatives, walmart delivering groceries right to your fridge. That and so much more. Varney company starts right now. Charles hey, go happy birthday to you ashley go, baby, go. Charles stevie wonder, folks. Classic happy birthday in honor of fox business. Its our twelfth anniversary. The Network Launched 12 years ago today. Golly, time flies. We are of course thankful
Sector, that is a slowdown. One hour from now, well know. Watch that market. Right about the same time, the president will begin his trip to florida, where he will make a speech, i think the title ought to be protecting health care from socialist disruption. Its probably not called that but im making free rein here. Usually when the president leaves the white house, he speaks to reporters. He may address the economy. Whatever he says, youll hear it and it will probably move the markets. Theres news on the president ial campaign. Bernie sanders is recovering from heart surgery and has canceled Campaign Events until further notice. Obviously, there are questions about a 78yearold facing another year of grueling campaigning. Joe biden is taking a hit in the latest polls from his son Hunter Bidens business dealings in ukraine and china. Heres my opinion. Its now Elizabeth Warrens nomination to lose. Heres another opinion. That should worry wall street and it should really worry moderate de
Almost drawn even. Without sounding sort of like arcane and gob deli bookish here, that items teams seems to that we have less worry of about a recession. That concern eases, even when we do when inverted it takes sometimes a year or two years before it materializes. The nevertheless the fact that is pushed off, a lot of stocks that do business with companies abroad, particularly in asia, china, they are among the stronger advancers. It is helping reverse this bond Market Sentiment that built we were going to enter a slow down. Now people are selling bonds. Buying stocks. More attracted to the yield of the s p 500 for example, which at 2 or so, is significantly better than around the 1 1 2 youre looking at for 10year note. You can well understand what has been going on here, at the corner of wall and broad. Oil prices moved up a little bit. Theyre advancing today. That benefits key Oil Components dominant among 11 s p sectors. What is happening with the nearly 2 runup in oil prices. Be
So you only pay for what you need. Thats whats happening. We should also tell you about its a different kind of Wireless Network hong kong, which is also affecting the trade fight. Designed to save you money. Save up to 400 a year on your wireless bill. Saturday, widespread violence, police used a new weapon, blue plus get 250 back when you buy a new samsung note. Dye, to identify protesters click, call or visit a store today. Along with tear gas from the riot police and burning barricades from the demonstrators. Ominously, chinas state media today says the end is coming. We dont know how beijing will end it but that is ominous indeed. Then theres dorian. Devastating the bahamas, hovering, barely moving and its future track uncertain. That makes it very tough for the authorities trying to get a handle on evacuations. Bottom line, dorian will be a threat for much of this week. We are going to show you how and where its now hitting florida. Varney company is about to begin. Stuart let me