New york stock exchange, and Hillary Vaughn on capitol hill. Lets start with edward, investors seem to like what chair powell had to say. Reporter yeah, just somewhat, right . 29 or so points, somewhat like it lauren. The Federal Reserve chairmans touted this very Strong Economy that were in right now. Even at one point, signaled taking credit for keeping the expansion going through the rate cuts they made, powell said it was a difficult year where the fed reversed course. Weve cut rates three times since july. Thats 75 basis points worth of cuts and we do believe that Monetary Policy operates with long and variable lags and that itll take some time before the full effects of those actions are seen in the economy. So thatll take some time, so thats one reason to hold back and wait. Reporter and powell is watching inflation very closely, core pce inflation at 1. 3 over the past 12 months below their 2 target, powell does signal as you heard no more rate cuts or hikes, for next year. He says Consumer Spending remains strong and is moving at a strong pace, but in Business Investment, it is a little bit weaker, partly because of the uncertainty out there, with democrats ratifying or signaling as the ratification vote for usmca, it could remove some of that uncertainty, powell says that is a positive, with a but, listen. One way to look at it is whats been moving financial markets. Its been news about the negotiations with china. Not so much usmca. I think the difference between nafta and usmca is smaller than the difference between current arrangements with china and whats being negotiated. Reporter and so you remove the uncertainty with the china and Business Investment signaling possibly could release more, so to increase more. Now onthejob front, the Federal Reserve chairman believes theres more slack in the economy, the Unemployment Rate signaling it could go even lower than it is right now. The Federal Reserve chairman saying there was wages, he said, because theres more people on the sidelines that may be the reason that wages arent rising faster. Back to you guys. Lauren in the end uneventful if you will, Edward Lawrence thank you very much for covering that. For more on how traders reacted were going to gerri willis at the new york stock exchange. Okay, gerri what did traders tell you . Gerri deirdre i have to tell you this is sort of almost exactly what they expected. You saw the trading rates today it was really pretty narrow. Traders were expecting the fed to stay on, and it did. Look even the pressure afterward s not too surprising. Let me tell you though what happened as a result. Tiny bit of a flight to quality here, gold higher, the 10 year treasury yield lower, that suggested that some people taking a little bit of risk off the table, but the economy and focus here as you know, the fed is saying were expecting the economy to grow at 2 rate in 2020 next year, and who agrees . Well the business round table saying that we see growth and this is expressed as a 2. 1 , they are lowering their outlook. Why . Well the Ceo Jamie Dimon whose also ceo of jpmorgan saying we need more progress on trade talks with china. So if big ceos are rattled what do Small Business operators say . They are very encouraged in fact the sentiment indicator for Small Business operators at a fourmonth high take a look at that as of course these business operators typically dont Work Overseas so maybe thats the answer to that question, but between what some folks are saying they expect out of the economy next year, and what others are fascinated today as we watch these traders react to whats going on in the marketplace, they believe that the economy is going to grow faster than the fed. Deirdre back to you. Gerri, thank you. Lauren meanwhile, a former employee now whistleblower who raised concerns about the production of the 737 max jet prior to two deadly crashes is testifying before lawmakers today we go to Hillary Vaughn on capitol hill, following every tick here, hillary whats the very latest . Reporter the whistleblower says the faa and boeing knew that the 737 max crash was caused by a reduction problem, at their plant in renton, virginia, rent on, washington. They warned the ntsb, the faa and department of transportation that that factory was being pushed to its limit as boeing was told to pump out more planes but nothing was donald so two planes from that factory crashed and killed hundreds. The timeframe 737 factory was in chaos. When i mentioned the operations in the military shutdown for lesser safety concerns, i will never forget his response, which was, military isnt a profit making organization. Both boeing and the faa knew in december 2018 that the original sensor on the airplane had failed, which is clearly a production issue since the airplane was brand new. The faa administrator that testified before lawmakers faced questions and admitted that the faa internally issued a report warning in 2018 that the 737 max could have one fatal crash every two to three years unless major changes were made, but faa officials did not ground the plane and then months later, another 737 max from the same factory crashed. Was the mistake made . Obviously the result is not satisfactory. Well you just cant bring yourself to say that weve made a mistake . Did the faa, at some point in this process, make a mistake . Yes. Reporter boeing says they took the concerns seriously and did not sacrifice quality and safety to speed up production of their planes, the faa administrator says they are considering putting a civil penalty on boeing and also taking further action. Lauren hillary unbelievable no effect on boeing stock today, thank you very much. The worlds most valuable Public Company had a great debut on the stock market. Oil giant saudi aramco surged 10 today, grady has more, so grady, market value 1. 8 trillion, as of today. Is that right . Thats right and the Company Raised 25. 6 billion with today s ipo alone and right when that opening bell rank as you saw just there, saudi aramco became the most valuable Publiclytraded Company in the history of publiclytraded companies as you said around 1. 9 trillion compared to apple which used to be the largest publicly traded company, thats at 1. 2 trillion as of today and also towering over microsoft that 1. 16 trillion, one difference between aramco and those companies is that aramco only is giving up 1. 5 of the company to the public, to trade and it was by all accounts a strong ipo, the stock jumped 10 right away to 9. 39 on the saudi exchange. But one thing thats interesting american investors are still staying away from this company. They say that its overvalued. Some of the concerns that they have is that its vulnerable to attack. For example, some of its refineries face those drone strikes back in september. They think that it could be susceptibile to geopolitical turmoil in the future. Another thing is that its run by the saudi government, so if investors dont trust government , then they dont trust the people running this company. Then on top of that you have consumers shifting to renewable energy, so theres a lot of concern about this, but by all accounts as i said this ipo was a success and inching closer to that 2 trillion valuation which has never been seen before. Wow, yeah. Big, big, big, right . And a lot of people are pessimistic even before that went public, but looks like it had a good day. Lauren absolutely, grady, thank you very much. Were awaiting right now on newer remarks from President Trump any minute. He is set to sign an executive order which would combatant i semitism. Well take you to the white house as soon as that happens. Plus a high tech under the tree that may be putting your children at risk. Theres a new warning about the risk of kids smart watches well tell you what you need to know. Lauren tis the season for giving. The Holiday Party that left employees with a 10 million bonus, coming up later this hour lets be honest, quitting smoking is freaking hard. Like quitting every monday hard. Quitting feels so big. So, try making it smaller. And youll be surprised at how easily starting small. Can lead to something big. Start stopping with nicorette do you recall, not long ago we would walk on the sidewalk all around the wind blows we would only hold on to let go blow a kiss into the sun we need someone to lean on blow a kiss into the sun we needed somebody to lean on all we need is someone to lean on shaq chime magenta . I hate cartridges not magenta not magenta. Im not going back to the store. Magenta cartridges are so. buzzer vo the epson ecotank. No more cartridges. It comes with an incredible amount of ink that can save you a lot of frustration. The epson ecotank. Just fill and chill. Available at. We are awaiting for comments from the white house President Trump set to sign an executive order on antisemitism. Fox business blake burman is at the white house, he has the very latest, blake . Hi, deirdre. Hanukkah coming up in 12 days time and the white house set to celebrate that and the president here with an event at the east room. Live look left side of the screen and also led to believe from the white house the beginning of the event the president will be signing an executive order as it relates to trying to combatant i semitism, on College Campus that issue is title 6 of the 1964 civil rights about which says institutions that receive public funding cannot discriminate based off of race, color, or National Origin. There is a bit of controversy surrounding this as this Administration Says its going to make clear that title vi applies to antisemetic discrimination which has some raising the issue of whether or not the administration is saying that judaism is also a National Origin. Either way, this does have support from some of the president s backers and he will be signing this executive order momentary ill it. Meantime we continue to keep our eye on the two major trade deals and of course the president has until sunday to make a decision as to whether or not hes Going Forward with the additional batch of tariffs on china, and then there is also the usmca trade deal. Today the first republican to come out and officially say that they will not be supporting that deal in the senate, senator pat toomey feels the usmca restricts and does not expand trade. Senator Chuck Grassley spoke with Maria Bartiromo earlier this morning, and told maria that he does not feel that the usmca is in any sort of trouble, in the Senate Listen here. Maria are you expecting any pushback do you think this passes yeah, just as soon as we get done with impeachment itll pass the senate a lot easier than it passes the house of representatives. The business round table and the u. S. Chamber of commerce also today both said that they support the usmca but they do have concerns regarding ip protection, so deirdre, awaiting the president any moment. He will celebrate hanukkah, and sign that executive order as well. Very good, blake, thank you. Lauren lets bring in the former Trump State Department senior advisor, and oped today on foxbusiness. Com titled trump should cancel china trade deal and raise tariffs. Christian thanks for joining us lets make this brief we might have to go to the president any minute now, but you saying im quoting you now would be an unfortunate time to throw a life line to the chinese government, right . If you look at it, chinese growth probably close to zero maybe negative, food prices have spiked over there in part because of mismanagement in part because of swine flu and they are swimming in a lot of fake debt so a lot of political problems of their own making in hong kong, so why give them this deal which frankly, they need much more than we do. After all trump just got usmca january 1 the u. S. Japan agreement kicks into place its another thing trump has negotiated which will help farmers a lot, so why give the chinese something right now that frankly, they need and we dont. Lauren and if Boris Johnson wins and we get brexit, we could have a trade pact with the uk as well. I hear your point but a lot of americans, American Farmers and consumers say look, we really dont like this tariff environment. Why dont we just delay sundays tariffs. Would you make the argument that while the concession has already been made in that any phase i is already a concession because its watered down version of a broader deal. Yeah, i think thats right. Really even agreeing to this negotiation was a favor to the chinese in a way this is a Steven Mnuchin skinny deal as opposed to the comprehensive deal that trump advocated all along and the idea is well get through this one and the fact is this is the second time weve bent over backwards for the chinese, there was the may agreement and now this one, too. They may come forward and buy a bunch of agricultural stuff, but they have to do that. Half of their pigs which is the main source of protein in china have died from swine flu so they have to buy this from us or brazil or others but as far as i p changes, they have a couple laws but they are really jokes if you look at it. They arent going to protect American Intellectual property and frankly, yeah, okay ranchers are hurting although if you look at five year averages a lot of the commodities prices are doing just fine but whats better would be to remove the uncertainty of this china trade deal and the fact this is over shadowing corporate earnings , and the upswing, and economic performance, now that weve gotten the fed out of the way, somewhat, frankly just to punt this to 2021 would be good for business. Lauren so no china trade deal until 2021 not even trying to get one done until after the election . I think weve tried hard enough. The president will make a decision. I think the decision will come this week but frankly, just sort of following through, again china has had its chance. Lauren is that decoupling though essentially . Weve seen supply chains move out of china, many including samsung, to vietnam. That is hurting china. It is turning many of their booming cities into ghost towns. If you will but would that mean a complete decoupling . I wouldnt mean a complete decoupling. It would still be one of our largest trading partners. We would just be putting on the tariffs that we plan to put on that would bias trade against china toward bringing Companies Back to the United States or at least to countries that arent trying to actually kill us, but we would still engage in trade and also just continue moving away from buying strategically important things from china. We dont want to be dependent on them in sensitive areas. Lauren say china actually does play ball and starts to give us some of what we want, puts it on paper how do we enforce that . Well thats the key issue and the only thing that worked so far, the only thing is tariff s, and the chinese scholar came up with china agreed to 336 different reform measures, and then just not enforced them, and so they will literally say and sign anything, but this is the key thing is we cannot simply take off tariffs and hope that they reform. We have to watch the reforms happen before tariffs could come off and that sort of is a flaw with this early deal because even though in october, trump did not agree to takeup any tariffs, the chinese have said oh, wait we think that all of the tariffs have to come off, of the trump adminitration have to come off so i dont think its trust, but verify which is what we do with the soviets. It has to be this trust verified and then take off tariffs maybe. Lauren make a good point christian id direct our viewers to your opex on foxbusiness. Com. Bulldozing through roadblocks, Boris Johnson making a last ditch effort to convince supporters to vote for him just hours before the general election plus the death toll is rising in new zealand after that devastating volcanic eruption an investigation is focusing on who is responsible, eight people have now been confirmed dead. Our very own judge napolitano will be with us, on the legal angle of this tragedy. Theres a lot of talk about value out there. But at fidelity, value is more than just talk. We offer commissionfree online u. S. Stock and etf trades. And, when you open a new Fidelity Brokerage account, your cash is automatically invested at a great rate thats 21 times more than schwabs. Plus, fidelitys leading price improvement on trades saved investors hundreds of millions of dollars last year. 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