Off the lows. More down than 1 earlier. They closed down half a percent. Overseas President Trump just leaving a reception with nato leaders in london moments ago. Making his way to winfield house which i believe where he is staying. Well bring you update from the president throughout the hour. Any minute, u. S. Trade rep Robert Lighthizer set to meet with the mexican undersecretary of foreign affairs. That is in washington, discussing the new north american trade deal. Can they strike a deal . Well discuss headlines that could impact wall street tomorrow. Melissa blake burman at london. Gerri willis on floor of new york stock exchange. He had word lawrence outside at u. S. Trade representative ses office. Lets kick it off with blake. Reporter before the sun rose over corner of wall and broad President Trump here in market its generating, it is main headline, rather of the day. It turned out the president ended up giving out three mini type press conferences i guess you could say. In it at one point, the very first one, the president suggested that a trade deal with china might have to wait at least a full year. Melissa china trade deal is dependent on one thing, do i want to make it. So we dont really have a deadline . I have no deadline, no. In some ways i think it is better to wait until after the election, you want to know the truth. I think in some ways to wait until after the election with china. Reporter in the more intermediate term, sources tell fox business if there is not a phase one trade deal with china by december 15th, about 12 days from now. At that point the next batch of tariffs slated to go forward will indeed go forward. In other trade news, today, the president also met here in london with the french president Emmanuel Macron. That meeting coming just hours after the u. S. Trade Representatives Office would respond to frances Digital Services tax with 2. 4 billion in tariffs. Sitting directly next to macron today the president said he is not afraid to extend a dollar for dollar punishment for france. As the president knows we taxed wine. We have other taxes scheduled but wed rather not do that. But that is the way it would work. It will either work out or well work out some mutually beneficial tax and the took will be substantial and, im not sure it will come to that but might. It might. Reporter now as the president attends these meetings here in london the democratic led House Intelligence Committee back in washington has released its 300 page report which lays out its road map for potential articles of impeachment t essentially says that the president committed acts of bribery along with obstruction of justice during that impeachment inquiry. The White House Press secretary Stephanie Grisham has responded here this evening in london saying in a statement, in part, quote, that the report reads like the ramblings of a basement blogger. Melissa, connell, back to you. Melissa i remember news before President Trump t was very different. Blake, thank you. Here is James Freeman from the wall street journal he is also a fox news contributor. James im not a basement blogger by the way. Melissa i mean on trade in general i guess, you watch all this, what is going on . Yeah, we kind of thought maybe the trade fights were wrapping up. We were headed towards resolution. Melissa no. This french move is particularly disturbing. The french taxing our companies. Theyre targeting silicon valley. Theyre targeting those big american tech companies. I think melissa what is the deal with that . Why would they do that . This is an easy way for them to get revenue. I think instead what they ought to be asking themselves and what President Trump ought to be pointing out, there is a reason apple, google, facebook, all these Great Companies were created in the united states. There is a reason they dont get created in france. There is a reason there are no great venturecapital firms in france. Theyre in london or theyre in silicon valley, theyre in other places in the world. Instead of punishing ourselves on a new tax on french imports i think the president might want to draw the contrast show why we have the better model. Melissa no, no. This is like the namecalling. You know, it is like when people try to come out and try to donald trump, trump, it works out terribly. You will tariff us, tariff man . I will tariff you back. Never fight with you on the level he has chosen. Totally different direction. He can do fun trolling. He can call them losers because they have no great tech companies. He can ask them how many digital firms they created since charlemagne. Not many, right . Melissa those are all good suggestions but when somebody takes the fight to him. But when you take the fight to him in his language, it ends really poorly for you. You picked up the weapon for his choice. It is not a great call. What you do think happens with china real quick before we go . He says i dont care until after the election which makes most of us want to jump of off a cliff. What do you think . He has 12 days before the art of the deal before the new tariffs. I really dont know. I think if he wants to play this out long term with china i think he made a good case they are a unique, special problem in terms of stealing our inventions. He really out to be making peace elsewhere. That is creates incentive for companies to move from china to other jurisdictions knowing they will get a better deal there. Melissa right. Or focus on making a great deal with the uk with Boris Johnson help them brexit, whatever they need to do, Something Like that. James, you got it all figured out. Thanks. Connell we turn now to another front in the trade war. Undersecretary of Mexican Foreign affairs at the office of the u. S. Trade representative. As congress has until december 20th to ratify usmca. Lets go to Edward Lawrence on the scene in washington with details on all of this. Edward . Reporter connell, were expecting a meeting happening anytime here between the mexicans and the night. I just saw u. S. Trade representative Robert Lighthizer go in. He smiled but he is a good poker player. You cant read anything into that however canadian Prime MinisterJustin Trudeau signaled or says he is confident that something good will come soon on usmca. President donald trump sitting next to him, urging House Speaker nancy pelosi to ratify or put up a vote to ratify usmca. Listen. Were working on the usmca. Were trying to get nancy pelosi to put it up for a vote. You know if it gets put up for a vote it passes but so far she hasnt decided to do that. It is sitting in congress now for six or seven months. Its a great deal for everybody. So hopefully they can get it done and get it done fast. Reporter mexicos top trade negotiator expected here any minute now for a meeting. This meeting was not on the books. It was not scheduled. He hopped on a plane this morning in mexico, getting here this afternoon to have this meeting. We dont know exactly what it is going to be about or where the mexicans are but i have heard in changing the enforcement, the mexican delegation is a little bit of the hurdle in terms of signing off on usmca but the feeling all around is that the mexicans will eventually agree to the changes in the language on the enforcement that democrats wanted. There has been a flury of activity on usmca over the past five days, which is good news here. Theyre trying to fit it in before the end of the year. The House Speaker being urged by not just republicans but also some democrats starting to grumble behind the scenes they would like to see a ratification vote set. Back to you. Connell Edward Lawrence, live at the trade Representatives Office in washington. Melissa they better get that done. Big tech, taking a hit but off earlier lows on President Trumps trade talk. Lets go to gerri willis with more on that one. Gerri . What a day here. Were ending down only 280 points on the dow, when it was down 457. After 11 00 a big rally in that index. S p 500 down marginally. Down half a percent. The nasdaq though on the longest losing streak since september. Well talk about the big tech stocks that sold off earlier, particularly apple. Really the poster boy for any conversation about trade. As you can see, down 1. 8 . But most of these stocks rallying from their lows today. Facebook and amazon as well. Lets talk about facebook for just a second here. Zuckerberg facing another vote whether they will split the chairman and ceo rolls. And netflix, a citi analyst initiating coverage on the stock. Netflix needs to hike prices for future growth. He says that the current share price will not sustain valuations. So an interesting story there. But i have to tell you, the big story from my Vantage Point today is the huge rally, after 11, and the recovery of this market. People down here saying they dont buy this idea that the president has put out that were going to have to wait more than a year for a trade deal. Back to you. Melissa gerri, thank you. Connell we have some new fallout to report on in the royal family. It has nothing at all to do with President Trumps meeting today at buckingham palace. Prince andrews accuser is speaking out. A new witness has emerged. What were now learning about the duke of york and his connection to Jeffrey Epstein. Melissa plus elon musk under pressure. The tesla ceo facing defamation in court over a controversial tweet. Were live at the l. A. Courthouse with the latest on where things stand. Connell fighting for the home team. Basketballs plan to cut Minor League Teams is facing new backlash across the nation. 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So i share it. The struggle and the joy with my mental health. I bare it on a stage, under a spotlight, and invite everyone to join me. Whats your mission . Use godaddy to help make it happen. Make the world you want. Connell another one bites the dust as senator Kamala Harris drops out of the 2020 president ial race that caught some people by surprise. Hillary vaughn with what we know. Reporter senator harris suspended her campaign taking a final shot at billionaires, the newest one in the race, former new york city mayor michael bloomberg. My campaign for president simply does not have the Financial Resources to continue. The Financial Resources we need to continue. Im not a billionaire. I cant fund my own campaign and as the campaign has gone on it has become harder and harder to raise the money we need to compete. Reporter harris struggled to gain traction in the polls and adjusted her Winning Strategy for 2020 by going allin in the first voting state iowa. Harris spent her thanksgiving in the state, campaigning just last week but she ran out of money, pushing her out of the race. Michael bloomberg was in mississippi. He was campaigning on one of the issues, harris a former prosecutor, made a cornerstone of her campaign, criminal Justice Reform the harris was one of the very first candidates to take on former Vice President joe biden, challenging him on and off the debate stage over his positions on busing and minority rights. Biden reacting to the news of harris dropping out saying she is a top tier candidate but he has mixed emotions about her leaving the race. Connell. Connell Hillary Vaughn live from capitol hill for us. Melissa nato critics to the latest defender. President trump calling out Emmanuel Macron over his criticism of the alliance. Take a listen to this one. I heard president macron said nato is braindead. I think that is very insulting to a lot of different forces. That is a very, very, very nasty statement to essentially 28, including them, 28 countries. You cant go around making statements like that about nato. It is very disrespectful. Nobody needs nato more than france. Melissa like saying theyre obsolete or something. Joining us, steve hilton, the host of the next revolution on the fox news channel. I thought that was particularly funny because the president started his term by, you know, really calling nato on the carpet. A lot of us thought properly about the idea that these are a bunch of people, it is outdated, what are they doing . Nobody is paying into it. Now he is the great defender. What are your thoughts . That is absolutely hilarious. I think the president was having a hell of a lot of fun with that remark right there. Basically trolling president macron. Why not . That is part of the trump plan. He is really both on the, style, if you like, the way he is having some fun there, but more importantly on the substance he is completely if the right. Actually, the imbalance between what america was putting in and what all these other countries was putting in was huge. It was President Trump who put that on the table very aggressively, very directly, right from the word go. As a result the other countries have chipped in a huge amount more, not just a few billion but 130 billion extra dollars from other countries to defend the collective entity of nato. I think that is a great result. Melissa i love he was talking to Justin Trudeau of canada youre not quite up but it is better. What are you spending now . Were up 70 . So what is that number . He didnt want the percentage. He wanted the actual answer. What is to me about all of this, i watched conversations everyone accepts this is how President Trump is. He will be very direct. He will do it in public instead of behind closed doors. Number one, they seem to be used to it. Number two, it seems more productive. Theyre having honest back and forth. Do you think nato can emerge a Better Organization . Or does he just sort of rattle the cage for a while and then nothing happens . What do you think . I think, the big, the big picture here i think that this aspect of what how President Trump sees the office of president is going to have a lasting impact. The idea of going back to a style of operating both domestically, internationally where everything is cooked up in advance of the summits, diplomatic language. All disagreements are hidden. I dont think that is conceivable now. He has changed the way politics and government are conducted. All for the better. It is much more each and transparent. Melissa do you think that really happens around the world . That is one of the biggest criticisms especially from the diplomatic establishment elite, these things dont happen when the World Leaders come together. It is months and months of preparation on the lower levels between people from both sides where they go back and forth on terms and they criticize the president he basically shows up and wings it, whether it is north korea or its nato, all of these things, that you cant do diplomacy like that . Do you think he, do you think this style works rand sticks over time . Or, you know, does, will it not be successful in some cases like with north korea . I think in the end you have to judge all this by the results. I have been looking at that anonymous book called the warning, apparently this Senior