. >> gerri: i'm gerri willis. cheryl: the record-breaking shutdown has entered day 24 today with no deal in sight. republican senator lindsey graham was on fox news sunday. he said he asked the president to reopen the government at least temporarily but the commander in chief rejected that idea. >> i tried to he see if we could open up the government for a limited period of time to negotiate a deal and the president says let's make a deal, then open up the government. nancy pelosi says even if he opened up the government, i wouldn't fund a wall. so that's why i'm depressed. cheryl: chris kuhns welcomed senator graham's plan saying the president should at least test the proposal. >> i do think if we reopen the government, if the president eastbound this shutdown crisis, we have folks who can negotiate a responsible, modern investment in technology that will actually make us safer. cheryl: economists estimate the furlough of 380,000 federal workers costs 1 to $2 billion a week in lost economic output. >> gerri: so f

gerry: what could go wrong?m the fall we saw a few months ago people's confidence is headed for a one oh cave get hit, housing market is weak and could that really hit the household sector? >> you can tell stories about it all going on. no question about it. we are weak points in the us economy and housing sector is weak. no question. it's been a concern for quite some time. if you look at ceo and cfo confidence it's come down sharply and talking about scaling back investment. layer on top of that global growth and what we learned but the chinese economy you can tell a story where there's a signalized global downshift and loss of consumer confidence that will cause people to pull back. i don't think that the most weekly sale but you can't let out. gerry: one concern is the fed and they talk to the most notably the fed is overdoing it and raising interest rates last for years seems to be on the path to raise interest rates and someone once said recessions [inaudible] there killed by the boroughs or so is the fed

gerri: all right.ld run as an independent also slamming democrats for proposing made care for all. he was asked about camill camila rise's plan to -- kamala harris' plan to eliminate private insurance. >> to come out with a suggestion that we're going to eliminate, eradicate the insurance industry, it's such a -- it's so false and it speaks to the level of politics that we now have now, just going to yell something out, tweet it, and all of a sudden that's going to be your poe. gerri: schultz has received backlash from democrats who think he will ensure president trump's re-election just by entering the race. lauren: but he's researched this for months. he has a lot of money. he thinks he can also get republicans' votes here. at the end of the interview he says since i've been at starbucks since '92, the stock is up 23,000%. it's kind of like take that. i showed you what i can do. gerri: starbucks is training bay ristrainingbaristas not to . tracee carrasco joins us now. good morning, tracee. tracee: o

gerry: what could go wrong?ll we saw a few months ago people's confidence is headed for a one oh cave get hit, housing market is weak and could that really hit the household sector? >> you can tell stories about it all going on. no question about it. we are weak points in the us economy and housing sector is weak. no question. it's been a concern for quite some time. if you look at ceo and cfo confidence it's come down sharply and talking about scaling back investment. layer on top of that global growth and what we learned but the chinese economy you can tell a story where there's a signalized global downshift and loss of consumer confidence that will cause people to pull back. i don't think that the most weekly sale but you can't let out. gerry: one concern is the fed and they talk to the most notably the fed is overdoing it and raising interest rates last for years seems to be on the path to raise interest rates and someone once said recessions [inaudible] there killed by the boroughs or so is the fed in dange

her mother died shortly after gerry was elected the first time. so you never knew her. >> not really, no. >> but in betty's own memoir she talks but her mother and what a strong willed woman she was and after betty's father died her mother had to get a job. work as a real estate agent. so he had that role model in her life of a strong woman, speak upping for herself and standing up for herself. >> was there one over here? >> i just had a question about the relationship between gerald ford and jimmy carter, and whether that carried over in terms of a relationship between the two couples or the two women, roslyn carter, having been a very strong -- >> do you want to talk or me talk about that. >> why don't you start. it's in the book. i can add to that. >> i actually interviewed roslyn carter for the book in georgia, and she and betty formed this wonderful friendship and partnership later in the '80s because rosalynn carter's causes were mental health issues and as betty was championing for more insurance to cover treatment for alcohol and drug addi

to gerri willis now with details gerri: hi david that's right president trump saying today he still expectsndous price decreases, even as the new report shows drug companies raising prices on hundreds of medicines by an average of 6.3%. now, here is the president from earlier today. president trump: alex whose been doing a fantastic job getting drug prices down we're almost ready to make that big final push and i think you'll see a tremendous reduction in drug prices. gerri: now the analysis by rx solutions shows drugmaker all ergan with increases of nearly 10% on more than two dozen drugs, three dozen other drugmakers raising prices on hundreds of medicines, the president has called on pharmaceutical companies to cut prices and the department of health and human services proposed policies which you heard the president talk about today, but price hikes abound. allergan raised the price of 51 drugs by about 9.5% and another 24 meds by about 4.9% the changes impact about half of the companies drug offerings, including namenda an alzheimers drug and restasis, a dry eye treatment and they told

but i do thank gerry for her question. >> karen is a food stamp recipient in north carolina, an independent as well. karen, go ahead. >> caller: yes, the previous caller about the immigrants, you know, the illegal immigrant, i got sidetracked by my question and all of that, but how are you doing today? >> happy new year. >> happy new year to you, too. a question about the illegal immigrants, providing food stamps, and i know that you and like you say, you don't want them missing a meal, but in fact, they shouldn't be here in the first place, i know our charities, besides our food stamp program and at ubt, which is what you would also get also, is abused. i think if we could save the money, because i'm for food stamps for people that need it. >> yes. >> because there's times people need it and get them through but not to live on it forever, because there are jobs out there if you're able-bodied. the other thing is, we could save so much and build that wall, and the wall is necessary, i hate to say that, but the wall is necessary. and you guys have a great day. appreciate it. >> congresswoman

melissa: gerri, thank you.onnell: meantime the state of the, sources state that president trump plans to deliver the state of the union address one week from tonight. whether he will do that from the floor of the house of representatives, that part is at best an open question. blake burman live at the white house with the latest on all of this. blake? >> that's right, connell. the state of the union is supposed to be one week from this evening, tuesday, january 29th. the white house is hoping president trump goes down to the halls of the capitol hill, give that traditional prime time address. if he is unable to do that the white house is also told pursuing the option having him do an alternative type speech somewhere else. nancy pelosi is the one who has a whole lot of sway here as there has to be a joint resolution passed by the house and by the senate in order to make this happen. that never is an issue at all but needless to say we're not in ordinary times here. the white house though is saying that nancy pe

beyer: thank you, gerry. president trump gave a speech from the oval office and he talked about a crisis. there is a crisis but not a lack of a wall. president trump's crisis, especially for the national capital region. i represent about 80,000 federal employees and thousands of federal contractors and their families -- family members. they're getting crushed by trump's shutdown. frump said a lot of words last night but not sangle one of them was about the federal workforce so i'll tell what you i'm hearing from them. trump talked about the humanitarian crisis. well, there's a humanitarian crisis that he created at the border, and there's another one that's been created among federal workers across the country. the phone is ringing off the hook in our office here on the hill and our office in alexandria, calls and letters overwhelmingly opposing the shutdown. >> you can watch this briefing and all of today's briefings online at c-span.org. we'll leave this now. the house is gaveling in next. they're taking up

gerri willis on floor of new york stock exchange. gerri? >> sort of a flattish day for major averages. the dow down 6.58 points. s&p down half a point. not too exciting there. look back at the week. it was up week where all three major averages, dow up 2%. s&p 500 up 2.5. the nasdaq up 3.5. we're coming in the heart of earnings season next week as banks start to report. i want you to know the financial sector, one of the few s&p 500 sectors positive today. so i think that is important as we look ahead to earnings. i will talk a little bit about my mary barra, ceo of gm interview today. listen to mary barra. >> people are uniquely positioned because of actions we've taken over the last several years, to strengthen the business. competing in markets relevant to the customer, whether be in the united states, south america and china or other markets we compete in? >> so mary barra putting a fire under gm's stock today that the company's earnings for 2018 will exceed previous expectations and raised guidance for 2019. the stock was up at its hig

gerri: a little noisy down here on the floor. shares of game stop going higher after they announced an increase in same store sales october through the end of december. driven by strength in its collectibles, accessories and digital business. shares up 3.3%. johnson & johnson announcing a new partnership with aupple. they are pairing up on a study to detect heart [ inaudible ]. google announcing it is buying the smartwatch technology unit. the deal expected to close at the end of the month. shares soaring yesterday but losing ground today. they are down marginally, not even a percent. google shares currently trading much higher. up next, we take you live to the port of los angeles to show you how it's anything but business as usual. "countdown" will be right back. comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having

gerri willis on floor of the new york stock exchange. hi, gerri. >> very volatile day. we're ending with the dow down 22 points. that is great from where we started earlier. i want to focus on couple stocks, not so great earnings today. briggs & stratton and mccormack. briggs & stratton supply gas engines. concern about the upcoming lawn and garden season. they supply sears with lawn mowers. that will cost them $30 million to the revenue line. revenue related issues in australia and europe hurting themes a much as 40 million. as a result they're cutting 2019 eps guidance. those shares down dramatically, down 16%. mccormick's, the spice people, worst day in 13 years. earnings short of earnings and revenue. they have management citing challenges in the americas. retailers stocking fewer products, cue to trade inventory reductions a big move for mccormick shares. on flip side, stocks doing well, american airlines, southwest, jetblue having a very good quarter indeed on both the top line and the bottom line. stocks responding. they are saying the government shutdown is abou

gerri: thank you, liz.achs losing its appeti appetite, downgrading young brands seeing it doesn't see recovery for pizza hut's business nor will taco bell see momentum from its recent value push. goldman also going cold on starbucks, cutting the coffee giant to neutral on sales concerns in china. shares of yum and starbucks currently trading to the down side by over 1.5%. pizza hut's parent not feeling the love but rival domino's being called an industry leader in the delivery food game. the chain has an outperform rating, the stock up more than 31% in 2018, well ahead of pizza hut and papa john's. shares up 1.3% right now. and weight watchers dropping to its lowest point in over a year. the oprah winfrey backed weight watchers brand losing the confidence of jpmorgan. the big bank downgrading shares to neutral, slashing its price target by almost 50% from $70 to $37. one analyst says she is throwing in the towel due to a slow start in 2019. shares down 5% at this hour. >>> coming up, the president wraps up

melissa: gerri, thank you. connell: well the crisis in venezuela that gerry mentioned certainly is escalating. the president of that nation cutting all ties with the united states after president trump recognized the opposition leader as the country's interim president. melissa: wow. plus ford is releasing earnings just moments from now as concerns arising over an auto recession in america. we're going to discuss it all with bob shanks, ford's chief financial officer, coming up after the break. ♪ new. new. capital one cafes. inviting places with people here to help you, not sell you. and savings and checking accounts with no fees or minimums. because that's how it should be. you can open one from right here or anywhere in 5 minutes. seriously, 5 minutes... this is banking reimagined. what's in your wallet? a business owner always goes beyond what people expect. that's why we built the nation's largest gig-speed network along with complete reliability. then went beyond. beyond clumsy dials-in's and pins. to one-

gerry butler." and then, it's "p.s. and applause ] so i watched these movies. and i -- and i -- and i really enjoyed them. and i call my friend joe. and i go, "you're not going to believe what happened. gerard butler wrote me a letter." and i read her the letter. she goes, "you're the dumbest person i ever met. i wrote that letter." [ laughter ] i was like, "what do you mean you wrote that letr? why would you do that to me?" but i thought -- she goes, "you didn't get it from the biceps line?" and i was like, "i don't know." >> seth: or the fact that gerry butler signs his ceads with a h? [ laughter ]li >> the bicep? i was like, "maybe he has a sense of humor about --" >> seth: yeah. >> "his physetue." >> yeah. [ laughter ] >> i was doing this whole analysis of gerry butler. but he was a very nice man. >> seth: yeah. >> and i really enjoy his work. anmaybe someday, i'll get real letter from gerry butler. [ laughter ]h: >> s hope that happens for you. >> and i'm going to be a little suspicious if that does happen. >> seth

to gerri willis on the floor of the new york stock exchange. watching some key levels, gerri? right. we have been looking at the dow and looking at the s&p. they are exiting correction territory. good news for you, the dow up 121 points. it only had to be up 92.3 points to exit correction territory. the s&p only had to have 1.25 points. it's up 11.5 right now. good news for both indexes. let's take a look at the dow leaders. boeing, caterpillar, travelers, intel, couple analyst upgrades driving some of this. boeing up by morgan stanley to overweight, travelers raised to overweight by barclays. we have seen good news among companies that rely on china for sales. caterpillar and intel, higher there. s&p 500 leaders, constellation brands doing very well after such a lousy day yesterday. that stock was down 12%, all's forgiven today, up 6%. back to you. lauren: gerri willis on the floor of the new york stock exchange, thank you very much. >>> this morning, we got the latest signals report that showed that 55% of chief financial officers expect a recession in this country by the en

gerri: that's right. good point. liz: thank you so much. gerri willis.he changing face of facebook, or is it? with the closing bell ringing in 28 minutes, mark zuckerberg, the ceo, says he has quote, altered the dna of facebook in 2018 but critics in 2019, they don't want to hear the valley-speak. they just want to know if facebook stopped selling their personal data. our top-notch tech panel is here to cast their facebook forecasts but they will also dig down deep and make major predictions, the biggest silicon valley surprises of 2019 and disappointments they expect coming this year. our two zoltars are next. i don't know what's going on. i've done all sorts of research, read earnings reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got y

gerri, thank you. connell: we'll talk about that with our market panel. david dietze, point view wealth view asset management president is with us today and erin gibbs, s&p's investment advise sy services portfolio manager. welcome to you both. erin, start with you, gerri says some issues, retail is one of them, big picture, we heard from the fed chairman, maybe he thought he was little sloppy about comments about the balance sheet but overall interview, his overall view was fairly positive. he which sit back and watch, if the rest of the world slows down he will act, what do you make of it. >> very much like the last interview. this is good. he is definitely going to react according to data which they like to repeat, but again the markets responded very postively. i think he was a little more clear-cut than some prior interviews. so overall i think this just removes some uncertainty the market felt was out there, and overall, we're feeling a little more confident. connell: that is the thing, david, after last friday, now we work into the majority of this

gerri has the play by play from the floor of the new york stock exchange. gerri: that's right.er armour is out, nike is in. nike solidifying its hold on america's major sports leagues, signing a new ten-year partnership with major league baseball set to launch in 2020. nike already has long-term contracts with both the nfl and nba. nike shares currently marginally higher. the consumer goods giant saw gains on the bottom and top l e line, the hand soap maker seeing a 2% slide in comp sales from a year ago. ceo ian cook saying sales could continue to be flat in 2019. shares right now marginally lower. d.r. horton reporting shaky results, the home builder missing quarterly profit estimates for the first time in nearly two years as higher housing prices took a bite out of sales. the ceo still optimistic, though, forecasting a strong spring selling season ahead. shares still down 3.4%. >>> up next, we are waiting for democratic leaders to speak. "countdown" coming right back. a business owner always goes beyond what people expect. that's why we built the nation's largest gig-speed n

charles: thank you very much, gerri. well the stock market really surging in reaction, the first knee-jerk reaction the fed's not going to raise interest rates. that wasn't really the concern. the idea though that they would consider alternatives with the balance sheet runoff is one of the things wall street was hoping for, this in the midst of earnings season. here to figure this out. david nelson, jeff saut and gary kaltbaum. let me start with guys on set. jeff, your initial reaction, that is interesting, people at home is trying to understand, the federal reserve is saying our economy is not strong anymore but it's solid and the stock market goes up on that. is there a disconnect there? >> i don't think so. i think earnings are coming in just fine. i do think the economy has slowed a little bit, but as they put, solid economy. i can tell you i go out do presentations for 3 or 400 financial vice source and their clients, individual investor is not just cautious, they're scared to death. that is not the way bull markets

and virginia democratic congressman gerry connolly also weighs in on the government shutdown. the nebraska republican congressman don bacon joins us to talk about border security. you sure to watch c-span's washington journal live at 7:00 eastern wednesday morning. join the discussion. >>

. >> democrat gerry connolly joins us now. his district contains one of the largest districts of federal employees. after last night's dueling addresses, are we closer to ending the shutdown? rep. connolly: what shocked me remarks, president's if you just watch them and did not know anything, you would not know we are in the second longest government shutdown in american history. i thought that was a shameful part of the president's presentation. the crisis for him is not the shutdown of the federal government and the furloughing of 800,000 employees, and the services increasingly being denied to the american people. he chose to talk about the wall. i thought that was a huge disservice to the country. >> is there any deal to be had? >> i think the deal increasingly attractive to republicans is, let's reopen government and start a series of conversations about border security. the wall could be part of that conversation. but if you make it -- it is a ,recondition without a wall >> why do you think it is increasingly attractive

we're joined by gerry nadler, congresswoman zoe lofgren, chair of house committee. congressman elijah cummings from government oversight and reform. john sarbanes. the chair of the democracy reform task force. congressman john lewis, our hero on all subjects. and congressman david price who has been a champion on this for decades. and congresswoman escobar, a member of the freshman class who will represent the views of that very transformative, diverse, beautiful, energetic freshman class that is energizing the ongress. yesterday we made history. again swearing-in is transformative. freshmen class, when they took the oath they made a difference. today guided by our new members and the american people that they represent, that we all represent, we're introducing h.r. 1 to hold legislation to clean up corruption and restore integrity to government. [applause] we put power back into the hands of the people. what's really important about this because in our for the people agenda we talked about lowering health care costs, by lowering prescription drug prices, and protec

and virginia democratic congressman gerry connolly also weighs in on the government shutdown. the nebraska republican congressman don bacon joins us to talk about border security. you sure to watch c-span's washington journal live at 7:00 eastern wednesday morning. join the discussion. day 18 of a partial government shutdown. here to tell us where we are at with that is christina marcos of the hill. government shutdown. here was us is cristine marcos to let us know. where are we? guest: this is the first day the house and senate are coming back in session. nielsence and kirstjen will be coming to meet with house republicans. this is where the ball will start to roll for the week. host: when it comes to house republicans or senate asublicans, where are they far as the shutdown? we are seeing dissension breakout in the ranks. some republicans voted with democrats last week to reopen the government. a few senate republicans have said it is time to open the government backup and end the shutdown. the trump administration is trying to hold strong with their party. we are starting t

talkrow, nicole briscoe to about the impact on federal workers, and two members of congress, gerry connolly, democrat from northern virginia, and congressman don bacon, republican from nebraska. from the oval office as we move into day 19 of the shutdown tomorrow, the president's address to the american people. trump: my fellow americans, tonight i am speaking to you because there is a growing humanitarian and security crisis at our southern border. every day customs and border patrol agents and thousands of illegal immigrants trying to enter our country. we are out of space to hold them, and we have no way to promptly return them back home. america proudly welcomes millions of lawful immigrants who enrich our society and contribute to our nation. but all americans are hurt by uncontrolled, illegal migration. it strains public resources and drives down jobs and wages. among those hardest hit are african-americans and hispanic americans. our southern border is a pipeline for vast quantities of illegal drugs, including math, heroin, cocaine and fentanyl. every week 300 of our citizens are kil

as gerri willis pointed out. the market was flying high up until word, ultimately pressers what sounded like a pretty contentious meeting with the president and leaders from congress, the wall, whatever you call it. markets start to sell off. i have to tell you there is positive price action here. this is one of the first days in months, starting to see new 52-week highs outnumber three 52 week lows. market is trying to build a base. some of this action got thrown out at end of 2018, like energy, preferred stocks, like emerging markets. those are starting to make a bid. we ended off the high. bulls are trying to make a bid here, make a stand for the first time in months. connell: quick todd, last hour, what you took away from it? >> i just think it was natural selling at the end of the day, connell. when you have a market that has been up so much in the last few days, you will see some reason to take profit. maybe that was a reason to take some profit. i think we've had early money come in. i think it is normal s

connell: gerri willis, thank you, gerri. melissa: let's bring in today's market panel. jonathan hoenig from capitalist pig hedge fund, adam lashinsky, "fortune" magazine editor. both fox news contributors. adam, what is the big deal for the market, is it earnings or tech view around the world or will the whole thing with china get resolved? >> that one is easy. i thought you were going to ask about powell. it would be neither. it would be powell to me. melissa: that is okay. that is a fair answer. >> and the reason is, that moved markets today as we can see with apple. apple's report was horrible. everybody is expected it to be. so what does the stock do? it goes up. i don't think facebook is a quarterly earnings story. u.s.-china trade tensions absolutely are the most important of the two you asked me about. >> pendulum is really swung. at end of 2018, it was extreme fear. trade is one of those elements. tech earnings was another. we've gotten some of those ready. no question, higher interest rates was third. to adam's point, fear over higher interest rates alleviated

gerri willis on the floor of the new york stock exchange for us. hey, gerri. >> that's right. it is all about trade. all about china. we saw big trade names boeing higher and higher. ending the dow 342 points. s&p 500 up 35, or 1.3%. nasdaq up 71. it has been a great day. actually a great week for stocks. see volatility. hard to make sense. stocks up for the week up 3% overall. two headlines fueling gains this week. one yesterday from "the wall street journal." basically that the u.s. might drop some tariffs as a way of resolving the trade war with china. and then today, we also had a story, this time from bloomberg, china would go on a buying spree, as much as a trillion dollar to cut our trade deficit. don't know if either come true. it is clear something is going on with the trade negotiations. the other thing playing into stocks this week has been bank stocks earnings. goldman sachs reporting surprisingly strong quarter, especially for trading. their revenues actually going up only wall street bank to report in that category. they have the best day for that stock on wednes

gerri willis. melissa: striking an optimistic tone president trump touting trade talks with china saying the talks are going very well. edward lawrence is outside the office of the u.s. trade representative in washington where a key meeting is happening this hour. edward, tell us about the meeting. reporter: key meeting going on. u.s. trade representatives office confirm are going so well they will last into third day. they are scheduled after two days. the two sides are far apart. they're moving forward with this. the chinese officials confirms with us, if talks go well, which they are, they're setting framework for talks next week at minister level. the vice premier of china is scheduled possibly, working towards to come here to washington, d.c., to meet with u.s. trade representative, robert lighthizer. the big challenge for china and u.s., is how can the u.s. verify the chinese will make changes. a number of things were considered. the chinese agreed to changes 10% of tariffs on chinese goods.

favor mere liberalism versus what gerry corbin once i mean. i think now. we've had forty years of neo divisions and sasha go in and we see it happen. people who voted for bret sit they voted for trump in america because and manufacturing has been wiped out when forty is over eight million jobs in manufacturing now we've got just two million and although we've got fairly high levels of employment most of those jobs are in secure why that's why people are angry and therefore labor government is committed to rebuilding and manufacturing good high tech high skilled jobs i is absolutely crucial one of the. aspects of the brics vote though is that no country has been allowed to leave a little more you said that no country has left thinking over a book greece they voted in twenty fifteen to leave ignored island twice that. holland was ignored france was ignored isn't the point that near liberalism is in brussels and that's where the power is what that was part of such as influence i mean she moved much more towards the neo deputy comics. and the legacy has been a

gerri willis at nyse. melissa: stakes are hide. trade negotiations are set to resume in washington between the u.s. and chinese officials edward lawrence is following the story all along. what is the latest twist. reporter: china is talking tough about charges against huawei and its cfo. stopping short that it will make impact on trade talks tomorrow. when asked if huawei case will be brought up by trade negotiators at table a spokesman for the chinese foreign ministry we hope teams will work with strong consensus between the two presidents and work in the same direction for a mutually-acceptable solution. with iran and lying and stealing their partners, t-mobile specifically robot that tests phones. the foreign ministry, a spokesman for the foreign ministry says the u.s. courts will see this is just politically motivated to try to stop chinese businesses from succeeding. >> translator: in the past the u.s. mobilized state power to discredit and suppress specific chinese enterprises, attempting to strangle the normal operation of t

gerri willis on floor of new york stock exchange. pretty nice recap, gerri. >> an analyst writes a note hey, beginning of the banking rally. give you a clue. only wall street bank showing trading revenue growth this quarter. also strong though was their investment banking revenue. they had the highest earnings in a quarter ever. and this is the first outing. fabulous earnings, coming in at 604, estimates at 445, imagine that. bank of america, more after consumer bank, beating on both the top and bottom lines. best intraday gain for that stock since 2012. rising interest rates, more on the loans as they make loans to consumers that business is up 4%. ii want to mention here, that gt other news just to note quickly. this comes from "the wall street journal." u.s. federal prosecutors pursuing criminal charges against huawei alleged theft of trade secrets for u.s. business partners. that story getting a big kick here, big i impetus from the headline in the "wall street journal" we'll continue to follow that. otherwise a banking day. i wa

connell: gerri. here now more on brexit, nile gardiner, from the heritage foundation, former aid to margaret thatcher. surprising to see the pound sterling turn around a bit. what investors are betting on, because your guess is good as the next person. how does this end up after this big-time defeat for theresa may today? >> well certainly an extraordinary day in british politics and the heaviest defeat for the prime minister that has been seen by any prime minister for many, many decades. a real mode of history today. i think tomorrow, we're going to see this no confidence vote being pushed by the labour party defeated because, the labour party doesn't have the votes really to bring down this government. so i think it is largely symbolic. i think the prime minister now has a clear choice going forward. she could choose to resign and then spark a leadership contest within the conservative party, with a new conservative prime minister taking britain into the brexit era, or could seek further renegotia

gerri. >> what a day today. the president's speech taking 65 points off the dow. it was up 306 points. now just up over 175. s&p five up 21. the dow is up five weeks in a row for the longest streak since august. let's talk about the stories that move the dow. fed balance sheet. traders talking about federal officials considering maining larger portfolio of treasurys than originally anticipated. that would be good good for stocks, good for the economy. apple, boeing, 3m, caterpillar all reporting earnings next week. this could portend good things. keep in mind u.s.-china trade talks are the agenda. these companies rely on china for a good portion of their earnings. an important point i want to make, the brady 23, that index of trade stocks we've been tracking they are almost all higher this week ahead of those trade talks. you want to keep an eye on that going forward. guys, back to you. susan: gerri, have a great weekend. connell: it is a light at the end of that tunnel. president trump announced a short time ago he reached what he characterized as a deal with the

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2.6% in the gerry connolly-steny hoyer bill. the trump administration is putting a temporary pay raise freeze into effect, and is only proposing a 1.9% increase. that could get rolled into this homeland security agreement as well. host: erik wasson covers congress for bloomberg. you can follow his reporting on bloomberg and twitter. thanks, as always, for joining us. erik: thank you so much. >> following is a speech announcing a deal to end the partial government shutdown, president trump met with a group of hispanic pastors in the rose room of the white house. this is about 15 minutes. president trump: can you come over here? it is much easier. there is a lot of room over here. you are all looking at the door so you can be the first ones out. >> [laughter] president trump: come on, bring the camera over here. there is room. [chatter] president trump: thank you very much. we have some of the most respected and powerful, frankly -- they have tremendous contributions of ministers -- anywhere in this country. they have been talking