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The market taking donald trump seriously but not literally. over the last 24 hours what the markets have been doing have been looking for some kind of corroboration from both china and the administration about a deal that was struck on saturday. right now, we don't have any specifics. i think mnuchin's comments to you earlier is what has been alarming the market a little bit more. we don't know what this deal actually looks like. there are a couple things that could that i think could be a market positive. one would be knowing if auto tariffs were going down and to what extent. retaliatory tar...

They continue discussions. it was initially said december 1st and larry kudlow came out and said it was january 1st. they came out yesterday with a statement that said it was, in fact, december 1st. you mentioned earlier in the program some uncertainty about auto tariffs. we don't know a lot of the facts agreed to. >> not a good look when your chief economic adviser doesn't know -- >> that's accidents adates are important when it comes to what's happening. >> the china stalling pattern. the longer they can talk, the way the chinese view this is the longer they have to work around the edges on ...

Necessarily a trade deal, but it's stuff they're going to look at and presumably implement. you ask me what that specifically means. all i can say is we'll see. >> i think there's a specific understanding that we're going to now turn the agreement that the two presidents have into a real agreement over the 90 days. yes, there have been specific discussions as to where auto tariffs will come down to, but i'm not prepared to talk about specifics at this moment. >> is there an agreement that we'll talk about forming an agreement? >> there were very, very specific items. yes, this was very, very d...

Details. the president saying they will buy things immediately and farmers will benefit most. when will we know if the proof is in the pudding? >> the only thing we really know for sure is that this buys both sides time. that's clear i think from what we are hearing. >> both leaders decided it was in their interest to step back. >> they are going hard on the conflicts. the president said they are buying agricultural products and doing things on auto tariffs and we will have to see if they follow-through. secretary mnuchin was talking to reporters and expressed confidence that xi will follow-th...

The u.s. to help the imbalance. they have 90 days to untangle what are decades of american complaints. they want to stop intellectual property theft and cyber espionage. the president claimed success on auto tariffs but did not specific when that change would happen or what the new tariff level would be, and he declared to reporters on the way home that he made an incredible deal with china, and china has not gone that far. bought kwrau bottom line, they are talking and tariffs are still on but not rising. >> thank you for explaining all of that to us. we have breaking news because protester...