Well cover it and much more on making money. Charles less than 24 hours the United States and china will sign phase one of their trade deal. The agreement is a big win for President Trump. It is expected to include chinas commitment to buy at least 200 billion in manufacturing, agricultural goods, Energy Products services over next few years. China to end the practice of forcing Foreign Companies to transfer technologies to chinese partners. Also cracking down on chinas currency manipulation and intellectual property theft. Here with more on the deals first step, what comes after, former trump trade jobs advisor curtis ellis. Curtis, were at the moment of truth. Tell the American Public what we are going to get. Were going to get a new deal with china. I like to say the big deal about this deal, charles, is the deal itself. Prior to President Trump coming on the scene, everybody kind of thought that, well we already have a trade deal with china. It is pretty much, pretty much okay. You know. It is part of the furniture. Donald trump has rearranged the furniture. He said that the our trade arrangement with china is very dysfunctional. We have been getting the short end of the stick. Were going to change it. He put tariffs in place, got the chinese to agree to renegotiate the terms of our relationship, the terms of this marriage, which has been a very dysfunctional marriage. So now, as you pointed out, they will buy 200 billion more than they were. Theyre going to end their practice of forcing companies to turn over their trade secrets as a precondition for doing business in china. Most importantly, though, were not taking chinas word for it any longer. There is enforceable, mechanisms in there to make sure they comply. We get to decide whether we comply or not. If theyre not compliance according to our determination, we reimpose tariffs and punish them for not living up to their agreement. Charles what does that punishment look like if indeed we say, you know what . You did it again. You bamboozled us once again. We have to take action. What would it look like . Would look like reimposing tariffs. Make no mistake, china is not happy about the tariffs. About the fact that chinese exports to the United States are down double digits. They are relying on American Consumers to fuel their economy. Their economy is stalling. They are deathly afraid of what 100 million out of work Chinese People would do. They dont want to find out and its a direct result of President Trumps get tough policy towards chinas predatory trade practices, that the chinese economy is slowing down. Charles so the wire is breaking just minutes ago on bloomberg, especially. Theyre saying that china tariffs stay in place until after the u. S. Election. To be quite frank with you, i never heard anything otherwise. I always assumed that was the case. Nevertheless it is breaking news right now. It is being covered breathlessly throughout the financial media. The markets given up a little bit. Fractionally less than onehalf of 1 . What do you make of that because President Trump says he wants to go to beijing soon to begin phase two talks . Were already seeing phase two. The crackdown on huawei. Restrictions on selling american technology, sensitive technologies, satellite technology, things like that to chinese companies. Curbing chinese investments. Rolling up the chinese spies that are crawling all over our labs, our universities and our military bases. Charles curtis, i have to let you go. Im getting a wrap. Bloomberg suggesting that xi got the best of this deal of we know there will be Public Relations thing out. A lot of Business People didnt like it. The media didnt like it. The left didnt like it. They will try to portray as President Trump taken to the cleaners. What do you say with that . We have reset our relationship with china. President trump set the discussion and debate with china. That is a huge win in and of itself. Charles curtis, thank you very much. Always appreciate it. Catch the phase one deal signing live tomorrow right here on fox business in the morning. By the way i will join Stuart Varney at 11 00 a. M. To help break it all down. Stocks lost a little bit of steam that an old report at that tariffs remain in place until after the election. We crossed the 29,000 mark, hitting alltime highs in the dow. The big news is earnings season. It started with a bang. Jpmorgan, citigroup, delta all posting very strong numbers this morning. More evidence it is all about the strength ever the american consumer. Joining me bellpointe chief market strategist, david nelson. Jim awad. Jim, let me start with you, billionly, another breaking news story from bloomberg about something on china trade. Even the algorithms shouldnt listen. They were so wrong about every aspect of this including december 13th when it was so many misreports that it muddied waters just what a great achievement it was. There would be surprise any substance to the negative headline. They will sign tomorrow morning. Trump views it and his team views it as a big win. Very important to the election, selling point in the election. Would be very much of a surprise if there were real negative news less than 24 hours before the signing. Charles david . I would agree. I think like most things in life the truth rarely lives on the extremes. We have big extremes. We have bulls out there that think this is a phase one deal and beginning of a longterm turn in our relationship with china. The bears will pain this as not enough. There is political dynamic to that as well so i get that. There is likely somewhere in the middle. There are good things and bad things. Charles what i find interesting the fact were living daytoday with tariffs on hundreds of billions of dollars worth of goods and all the focus is on the nuances and negotiation as if they werent in place. They are in place. Our economy done pretty well with them in place. We powered through. Certain sectors of the economy have been hurt more than others, for instance the farmers. In general the u. S. Consumer has powered right through and now businesses have a little bit of clarity, that it will not get worse. That is what businesses were afraid of. So business can now spend and plan. Charles i want to switch gears on business and the consumer. I will point out to the audience, a piece out, United States, japan, and the eu target china, World Trade Organization rules changes proposals start late in the year. Theyre pushing the envelope. The point i want to make, david, a lot of naysayers and doubters say you know what . You rally allies, then you go after china. I dont think they had the guts to do it then. With us leading the way, now they can jump on the train or bandwagon . I would agree with that. Naysayers, skeptics of the deal where were they two or three or four years ago . China rolled over three, four, administrations that i can remember. Europe was nowhere to be seen on this. President led the way on this. Obviously things have to happen. It is good to be skeptical. History with china is not all that good. This is certainly a step in the right direction. Anything that pushes away the forced transfer of intellectual property, any step in that direction is move forward. Charles lighthizer knows his thing. I hope he got the best deal possible but he did not go in there for something to be a paper tiger, no pun intended. Lets talk about earnings because the Fourth Quarter everyone expects them to be down year over year but all of sudden, jim, the ramp up is supposed to be amazing. Down. Of a percent, up 6 , up 10 , up 15 over the subsequent quarters. That is mindboggling stuff s the Market Pricing that in . Is that why were up . That is the bull case. You will get reacceleration of the economy based on resolution of the trade issues and fact stimulus given by the fed with three rate cuts will feel its way through the economy. You must have an increase in corporate profits in 2020 for stocks to make any further progress from here. I dont know about that 15 lay out there, five, six, 7 in quarters one and two should allow stocks to go up by that much. Is this beginning of a trade season i take it. This is outstanding start. Great numbers from jpmorgan. The stand out for me, delta up 31 year on year. Every metric is good. When i see estimates tomorrow im quite certain march quarter will go a lot higher. Charles delta main cabin up 4 , business cab pin up 9 , travel related services up 11 , total passenger revenue up 6 . Doesnt sound like recession, does isnt. Charles no, it doesnt. A lot more focus on handful of names dominating. Some of the stocks are up 8 for the year. A lot of Money Managers would sell now and say, catch me later. It is a very tough call. Charles dont go to miami, get perpetual tan, jim. Tough call valuing stocks. The market very clearly wants growth. There are a lot of issues. People are uncertain. They Want Companies with identifiable, Sustainable Growth making money. Those are the stocks that have taken the market up the last 1000 points. Maybe if you do get the reacceleration of the economy, market can broaden out. I think market is show me kind of mode. It will not broaden out until they see forwardlooking guidance verified. I keep pointing out to folks. 200 is regular move in the market now. It is your normal move. 1 move on the dow is 300 points. So dont panic, if you see 2, 300point moves. Actually the new normal. Wellsaid. Especially with the algorithms. Charles exactly. Thank you both very much. Great seeing you. Thank you. Charles the truce between Bernie Sanders and Elizabeth Warren, its over folks. What this means for the final debate before the iowa caucuses. Plus vince vaughn shakes hands with the president at a Football Game and liberals are absolutely losing it. Iranian women are using their people to stand up to the ayatollah and the oppressive regime. Are we on the cusp of a massive revolution. Well be right back. Everything your trip needs, for everyone you love. Expedia. For everyone you love. Oh, your shes landed. Ed. And shes on her way to our house. What. I thought she was coming next weekend. I got it. Alexa. Start the coffee. Set the temperature to 72. Start roomba. We got this. Dont look. What . Dont look. Lets move. Mom. The lexus es, eagerly prepared for the unexpected. Lease the 2020 es 350 for 389 a month for 36 months. Experience amazing at your lexus dealer. And with the sXfinity Stream app, screen is your big screen. Which is free with your service, you can take a spin through on demand shows, or stream live tv. Download your dvrd shows and movies on the fly. Even record from right where you are. Whether youre travelling around the country or around the house, keep what you watch with you. Download the Xfinity Stream app and watch all the shows you love. Charles the iranian people have had it with their leadership. Protests have grown by the day after iran admitted to shooting down a passenger plane. The women are speaking up now more than ever. Two staterun tv female anchors quit apologizing to the people for telling them lieses. One of the countrys most famous actresses posted on social media, all citizens are captives of the regime. That is not all. Irans only female olympic medalist defected to europe. Are these signs that the end could be near for the Islamic Republic . Joining me to discuss i24 news anchor, michelle cory. Thank you. Charles i am fascinated by all this. I get a lot of stuff sent to me over time, dm, twitter, emails. A lot of, women stand up, lift hijabs for their rights. Seems like theyre leading this possible revolt . Charles, you have to keep in mind that the Iranian Regime has no regard for human rights whatsoever. They have oppressed women for the past 40 years. As you just mentioned, the hijab protests. Iran is one of few countries by lawman date that women wear scarves covering their heads in public. Over the past few years recently women have taken a stand against that. They removed the scarves. The result, arrested and jailed. So it is not surprising that this latest round of protests triggered as you mentioned now, by the Iranian Regime finally admitting it did in fact shoot down the uranium plane, and in fact had 80 iranians on board after they tried to cover up and lie about it. It is not surprising he they are galvanized, calling for change because the call in change is very long time coming. Keep in mind, theyre showing remarkable bravery, because they are protesting in the face of a brutal violence. November, december, protests, over 1500 demonstrators were killed. The regime issued shoot to kill orders against these protesters. So the fact that these women and as you mentioned the state news anchors, the olympic athletes, are speaking out, are defecting, voicing their issues, the fact doing it in the face of a threat of violence is even more remarkable. Another thing that is emboldened them, the fact they finally have a leader in the white house that is vocally on their side, not on the side of the regime. As im sure you discussed previously on the show, the tweet the president sent in farsi, most liked in iranian history, most liked tweet in the iranian language. Charles what do you make of that . There is hands off we dont publicly say we want regime change but there is no doubt bubbling beneath the surface, above the surface resentment towards four decades of oppression. We sort of turned our backs before. Im not sure how much we can do for the iranian people, how far does it go to see the president of the United States, tweeting to the government, dont hurt these folks . Also weve got your back. Charles, i had leaders of the Iranian Protest Movement on my show, i24 news. They say this gesture by president of the United States, we support you, warning the regime against using force is tremendously helpful. Remember this is a position that the administration has taken consistently. It is not the first time that the president has come out vocally in support of the protests. U. S. Secretary of state mike pompeo, he also said, get evidence. Record these things. Put it out there because we support you. In terms of actual decisive action, we dont expect the u. S. To send in troops but this is an opportunity not just for the u. S. But for the rest of the world to come behind these protesters and finally push for muchneeded regime change. But were not getting that. Were not getting that from the u. N. Or the eu. Charles i have got to let you go. It is disappointing right, not just the eu. Indeed. Charles american leaders still questioning killing of soleimani. Where are the champions of womens rights on the left in the United States . We havent heard from congresswoman alexandria ocasiocortez, ilhan omar, rashida tlaib, all these people are so concerned with womens rights and democracy around the world, conspicuously silent this time. Charles michelle, thank you very much. Thank you, charles. Charles at 2 30 i will ask about congressman Michael Mccall sponsoring a resolution to support iranian protest erstwhile democrats at home continue to bash the president s foreign policy. 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Talk, talk charles well apple rejecting claims from the doj that the tech company is not providing, quote, substantive assistance into the investigation into the pensacola shooting last month. The tech company says it turned over all information it has access to, but it refuses to help Law Enforcement access the encrypted devices. This is debate weve seen before between private rights and public safety. Susan li is with me. Reporter that is the debate do you value your privacy or side with apple . Apple said they responded to the requests from the doj promptly in their words. Weve been sharing information with fbi offices in pensacola, jacksonville, and new york. It showed gigabytes of information over to the investigators. This is similar what happened in san bernanadino in 2015 with the tragic shootings there, app