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Certainly in jeopardy at this point. >> continuing to ramp up. matt rivers live for us in beijing. thank you. >> commerce secretary yesterday saying that china's running out of bullets and so the u.s. has the advantage here. corporate america says the administration is right about china's bad trade practices, but that tariffs are the wrong way to achieve real reforms. that's from the powerful business lobby, the business roundtable. it warns that this latest escalation threatens u.s. businesses and workers. so far the u.s. plans to hit $250 billion in chinese goods. the president is threaten...

The move coming after 66 people were shot over the weekend. 12 people died. chicago's police chief says 430 officers are being put on street duty while 200 more will patrol over the weekend. all right, let's get a check on "cnn money" this morning. global stocks mixed at this hour. wall street shaking off trade fears, thanks to strong corporate earnings. the s&p 500 closed just shy of a record high, less than half a percent away from its january record close. it has been a stellar second quarter for companies. profit growth is the highest in years, but the season's not over yet. today you ca...

Rhetoric. our defense budget, the decline is over and we've made two major significant increase in military capabilities. i tell you what, that has got putin's attention. of course, the pipeline issue with germany is an issue and trump just pushing back on unfair trade. he sees that as strength. >> bill: we'll see how tough they get with each other behind closed doors and see the interplay with them when they take questions from reporters. i thought the list was interesting that the president listed off trade, missiles, military, nuclear and china. but really this whole thing went south in 201...

We know putin is a dangerous man, not a good person and he stands for things we don't believe in and the president knows that. >> do you like the president -- do you like hearing the president say that will be an easy meeting? >> yeah, i like that because i think what the president says is i can take him, doing the job and make sure we get our points across. >> senator orrin hatch, nice to have you. >> nice to be with you. judge brett kavanaugh is about to be scrutinized like never before. i will speak to one of his former law clerks next. and the dow set to open higher on wall street this...

Feels. >> speaking of china, everybody, informs torrs have been shrugging off trade tensions but not so much anymore. the stories driving your business day coming up next. >> but first from the late show. >> all praise the glorious trump. i am his humble servant. >> tonight's top story at three year years of age donald trump developed the secret recipe for kentucky fried chicken. donald trump has defeated the golden state warriors to win the nba championship. >> he did a slam dunk home run touchdown. >> it was his first game of basketball. >> coming up next.