Making money. Charles so another session, started off slow. But finding the footing. Remember yesterdays rally coming on what i think was the biggest uncovered news of the year. Federal reserve perhaps using new tools, including negative Interest Rates to pour unimaginable amounts of money into the economy. Meanwhile we might see biggest private equity deal in history that is the scuttle but today, folks. There are sparks around boeing as with Warren Buffett circling with his 120 billiondollar cash hoard. We belpointe chief market strategist, david nelson, from federated investors phil orlando. Let me start with the fed, okay. This is, they have a trillion dollar printing machine or 4 trilliondollar printing machine. I didnt really see a lot on this yesterday. When i went home last fight, i read Bernie Ben Bernanke commenr the weekend. Negative rates what is wrong with them, make qe part of the tool box, a accommodative fed pouring tons of money into the economy as far as the eye can s
Well. President trump will make his way to austin, he will tour mac pro manufacturing facility with tim cook. Impeachment hearings in washington, was billed as the most crucial day. The morning session many ways appeared to live up to that billing. Ambassador to the European Union, Gordon Sondland retreed new details about dealings with ukraine. President trump reacted to all of that. Blake burman was on the lawn of the white house. He joins us from the north lawn with the very latest, blake. Reporter what a morning in washington. Started with explosive testimony from Gordon Sondland, current ambassador to the European Union up on capitol hill as part of the impeachment hearing. Son land in his written testimony today he laid out an entire section he described in his words a quid pro quo. According to sondland in order for the newlyelected ukrainian president Vladmir Zelensky to have a meeting with President Trump, ukraine had to announce it would have investigations into the 2016 serv
Because something looks like it is. That will be deemed a victory. Do you share that . I agree. Even a mini victory will be great for the markets. That is priced in. People are so nervous about a trade war. Businesses and consumers are holding back investing cash right now. 3 trillion sitting in money market fund, the highest in history. People are still neil 3 trillion in money market . Correct. Neil like money under the mattress. That has to be put to work. Money going to put to work. If you get uncertainty lifted that is a whole lot of money going into the markets to lift it higher. Neil the old story of lore, markets in this anticipation might sell on the fact. Where do you think this goes . Certainly this has been an ongoing drama for two years now. Weve seen this movie before. Expectations run high. Then they get dashed. I do think there is some momentum here for at least a truce. Certainly in chinas interest to buy some ago products from the u. S. They have the african swine flu
Im talking about why they need more scrutiny, not less. All that and more on making money. Charles we got a slight rebound this morning, this after china sort of stepped up their efforts. They raised the value of the yuan just slightly, but that is in response to the United States yesterday calling beijing a currency manipulator. I want to go to edward lawrence. He has more with us from the white house. How the trade war has turned into a war of words. Edward . Reporter exactly, charles, that war of words is taking on to twitter too, the president saying he will protect farmers, saying the president hinting the fact if there is another bailout down the road, if china does not turn around to buy u. S. Agriculture, the president is highlighting the fact that money is coming into the u. S. Economy because our fundamentals are strong. But on twitter he said this, as they have learned in the past two years our Great American farmers know that china will not be able to hurt them. That their
Charles stocks are rising sharply after u. S. Trade representative said some products are being removed from the china tariff list and other products will actually be delayed until december 15th. Here to break down the numbers, from the white house is Edward Lawrence. Reporter charles, a phone call between the two trade delegations this morning set all of that off. The u. S. Trade Representatives Office said, yes there will be 10 tariffs on basically Everything Else the china i am poverty into the United States with the catch, there are a groupings of items, some 21 pages of items will be exempt from that, or delay the tariffs until december 15th. These are items were talking about. Groups like laptops, cell phones, videogame consoles, toys and some clothing. Were also talking about athletic shoes in the clothing. Nike was very concerned about the round of tariffs. So was under armour. The delay gets them through black friday, most of the Holiday Shopping season. President trump still