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street. president biden pushes his case for a massive tax and spending increase in his new budget. and a stronger than expected jobs report is not necessarily what the fed wanted to see. we have fox team coverage tonight. charles payne in new york tells us what happened with the silicon valley bank and what that means for the rest of us. but we begin with white house correspondent peter doocy and the president s take on the unemployment numbers. good evening, peter. peter: good evening, bret. there was a run on a struggling bank known for loans to startups and things went south so quickly within about a 48-hour period that the feds came in to take control of the country s 16th largest bank. i think we got a good jobs report. peter: 311,000 last month better than expected. so no plans to back off the spending plan paid for with new taxes for the rich and corporations. ronald reagan was doing 8% tax rate. you know that whacko liberal guy. you know. peter: it s b ....
And divide we are seeing right now. Shepard kristin fisher, live in washington. The final bell is ringing on wall street. The dow is up in a pretty big way, up 167 points. A your world with neil cavuto starts now. Neil the scene right now the Intercontinental Hotel in New York City where the president s do to address reporters any minute. He thinks hes put this entire issue to rest with the transcript of the infamous phone call with the leader of the ukraine back in july. Democrats are not so sure. We are going to be getting to read from john roberts and the second also bret baier and also senator rick scott. I want to take a peek at the corner of wall and broad because youre probably wondering in the middle of this why were stocks up . They dont think anything will convict. The president will survive it. Wall street is not red or blue. Its just green. They love money ....
First to show you where reaction is on the dow. we re hanging around. we were momentarily at session highs, come off a little as people are selling off in the last few minutes. breaking news is that president trump has just announced a preliminary deal with china in the ongoing trade war. new developments come as the united states was set to enact new tariffs on china next tuesday. i want to proceed with caution. the president had been touting some kind of announcement the last couple of days on twitter. i bring my friend hans nichols who you know as an expert on all things political and military, but he s a pretty good financial guy. i pointed at the dow first. i wanted to show viewers, the market didn t shoot up on news, it went off and sold off a little, there are caveats to the deal. reporter: yes, there are. the president says it is a substantial phase one deal. the president still talking now, we ll hear from him in a little bit. they want to get news out before ....
We begin with kathy. what do you think? what was the question? i m sorry. neil: does the president have something to worry about? with the economy, impeachmen impeachment? i did my homework. the market doesn t like uncertainties and that s the problem. you ve impeachment, uncertainty, no one likes it. we sat with the tariffs in the trade wars. the market didn t like it. the market doesn t like it. doesn t mean it doesn t like trump. doesn t like uncertainty. neil: even though you re hoping for impeachment. i m not hoping for anything that will hurt the country. neil: okay. the doctor thinks it wasn t impeachment that brought the markets down. it was what happened with the manufacturing numbers, the worst since 2009. neil: wasn t real to you? beyond looking at the numbers ....
I think will make this little announcement to you because important, you know the so-called whistle-blower, the one that didn t have any first-class or first-rate or second-tier information, from what i understand. you ll have to figure that out for yourself. i ve spoken with leader kevin mccarthy and the republicans, many of them. we were going to do this anyway, but i ve informed them, all of the house members, that i fully support transparency on the so-called whistle-blower information even though it was supposedly secondhand information. which is sort of interesting. and other things have come out about the whistle-blower that are also may be even more interesting. but also insist on transparency ....