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In a little bit but tell me first about the conversation you had this morning with president elect donald trump when you informed him that you would no longer be building that plant in mexico. Well, we informed president elect trump and also Vice President elect pence this morning that we were going to be investing 700 million here in our plant in flat rock, michigan, adding 700 jobs on top of the 28,000 jobs that weve created over the past five years. And at the same time, told them we were going to be canceling our plant in mexico and the reason for that is that plant was we were going to produce the focus. Weve seen a market decline in demand for small vehicles. So were now going to produce the focus in an existing facility in mexico. Mark, what did the president elect say to you when you told him this . Well, over all both the president elect and Vice President elect penc ....
Macro to watch. Our roadmap begins with u. S. Foreign relations in the spotlight. The president meeting with merkel in washington today. Plus, the secretary of state Rex Tillerson giving a very strong warning to north korea. Then were going to move onto deregulation nation, what the current climate of deregulation means for media and telecom stocks. Shares of tiffany up on strong earnings. A Silver Lining perhaps for the luxury market. But first up, when the president meets with german chancellor merkel later this morning, trade, immigration and defense among the major issues likely to be discussed. Both leaders will hold a joint News Conference this afternoon. The Trump White House has been critical of germanys trade surplus as the u. S. Remains its single bigges ....
Shares higher despite a miss. Whats up next for the Delivery Company . First up, tuesdays session went from that record intraday high for the nas earlier in the session to the worst day of the year. Jim, were going to walk through reasons why this happened, the play book if it in fact changed anything at all. Yes. I think that shortterm there is a sense that if the tenyears calling all the shots and the tenyear is showing perhaps things are slowing or will slow because we will not get the stimulus because trump is in the swamp. Ive also been listening to the coverage and joes right there could be some things that he was talking with mr. Javers about the manafort situation. But the fact is i think comey scared more people than what people were willing to talk about. Comey came out and many people feel destroyed Hillary Clintons chances because he basically just says, hey, ....
Advantage of. We want to work with each and every country out there, and we want to treat you fairly, and we want you to treat us fairl lly want to be a great partner with each and every one of you. You told china before coming out here, leading up to a few weeks ago, i was concerned about u. S. China relations. The rhetoric in the campaign heated on all sides. Chinas an easy villain for us from an economic rhetoric standpoint, but the meeting with president xi went well. You have a plan Going Forward. Talk about what the plan looks like. How do you see u. S. China relations developing . Meetings went great. I thought the meetings went great. We had 24 hours of, you know, pretty intense meetings, big group meetings, two big group meetings, and we split in two smaller groups, the most productive time. I was part of the very small group talking on trade. We really got down nuts and bolts issues on trade. That was the meeting talking ....
The Business Sentiment index has come in at 104. 7. It had been forecast for 105. 8. The last reading had been 106. 3. Weve had the current continue come in at 101. 5 having expected to be 101. 2. This has seen the euro dollar fall from its highs earlier today in the last few minutes. Surely the germans need this as much as anybody else. It looks like the industrialists are sending out a clear message. The activity is clearly slowing. Theres a knock on impact compared from the week elsewhere in europe. Weve seen industrial pick up sharply after quite a bit of depression caused by weather effects in the last quarter. So it looks like we dont get a strong q3. And the 10year Government Bond yields picked up for the fist time since august. Is that facing uncertainty . The economy will continue to face a lot of uncertainty for many years. The challenge is coming through from ....