kayla? >> reporter: that meeting is expected to produce a ceasefire of sorts, similar to the one that was reached at the g20 in argentina. this one could potentially be open-ended according to a senior administration official. one thing is interesting, this truce is contingent on both leaders' flexibility to entertain each other's proposals in future negotiations and that could prove tricky. we know u.s. ambassador la lighthouser has said it will not be balanced. president trump has a triple threat, that 90-minute meeting sandwiched in between a breakfast with the saudi crown prince and the president of turkey where new sanctions could be discussed all of that will be capped off by a wide-ranging press conference guys >> kayla, we also had the president mention the likes of a possible trade deal with japan and with india do you think that is a little bit of rhetoric, just a distraction, or is there something serious in the works there? >> reporter: well, we know the president loves bilateral

kayla?> we're now $4 above where slack ever traded on the private market so certainly a good indication there. meanwhile, european markets set to close shortly seema mody has that at corporate. >> the federal reserve's announcement sending global markets higher we're looking at european stocks, up about half a percent, even though the bank of england, unlike the fed and ecb is sticking to its view that further rate hikes are likely, albeit at a gradual pace the pound getting a lift today it's touching 127 i believe against the u.s. dollar, and the yields -- 126, there we go and with yields continuing to move lower, it's worth noting that the value of yielding bonds just hit a record high of $12.5 trillion, surpassing the peak hit back in 2016 turning to sectors, travel and transportation stocks in focus, hsbc warning that other european airlines could follow lufthansa's footsteps by reducing its guidance saying that airlines have been able to discount ticket prices carnival cutting its full-

back to you. >> kayla, thank you. kayla tausche at the white house. no deal with mexico. the countdown is on until the 5% tariffs go into effect on monday as she mentioned and the other side of the trade war, threatened china with tariffs on a further $300 billion worth of goods. still is the dow is higher. ignoring trade worries and banking on a rate cut from the fed? asset management and tim seymour from seymour asset management. tim is a cnbc contributor and a fast money trader. tim and tom, great to have you both i'll start off with you. basically, it's a chart of what the markets expect and what actually happens with rate cuts and rate moves, back to 2008 and seems like almost every single time the market had it wrong is the market going to get it wrong this time because it seems like if it does, that historical pattern, there could be major disappointment and volatility. tom? >> everybody talking about the fed put but you have a bond market put to the extent the 10 year at 2-1 and the market looks pretty attractive. and does believe that the fed is in the dovish sta

art, kayla, bryce. thanks for joining us this particular segment >> here's what's ahead on "the exchange." >> coming up, if facebook is getting into the digital currency space, why not the fed? ahead, the case for why that could be a good way to shore up our banking system >>> plus, will a potential rate cut give the housing market a boost? or will the supply drought keep a lid on any potential breakout? >>> and fear versus fundamentals after a rough earnings season that saw some stocks drop more than 20%, we'll dissect the retail sector for a look at what to own and what to avoid >>> this is "the exchange" on cnbc l nervous about buying a new house. is it that obvious? yes it is. you know, maybe you'd worry less if you got geico to help with your homeowners insurance. i didn't know geico could helps with homeowners insurance. yep, they've been doing it for years. what are you doing? big steve? thanks, man. there he is. get to know geico and see how much you could save on homeowners and renters insuranc

you heard kayla tausche say there is a tropical cyclone moving through landing in stormy weather.ill see if this meeting will be stormy weather or we'll see sunshine break through in those trade negotiations those dow jones headlines saying the chinese will present trump with a specialist of terms to end that trade fight we'll see if the two sides can come together. what if they do? what happens to the equity markets? let's bring in mark tepper we talk about record highs, earnings estimates i want to ask you, trade matters. it matters to a lot of companies no doubt that you own. as a fund manager, if we get great break through from the weekend meeting, is that the all clear to buy more stock? >> absolutely. right now without a trade deal there's no way companies will hit their earnings expectations on the back half of this year. the street still expecting double digit earnings growth in the second half of 2019. quite frankly there's no way that happens if we're engaged in a trade war and there's tariffs in place ceos have no visibility to execute on plans if there's a trade deal,

kayla is there and brings us the latest kayla. >> reporter: hey, david.'s themes are the usual ideas. stable growth, free trade, climate issues foreign leaders also want to stop president trump on the sidelines of the summit to get his plans regarding iran and north korea. but no economic issue is more closely watched than what happens when president trump and president xi sit down on saturday both sides are sort of staking out their positions as they go into this talk ambassador robert lighthizer had a phone call earlier this week with the chinese vice premiere i am told by two sources with knowledge of that call that lighthizer told him that the deal could not be balanced as beijing wants because of past transgressions china is saying the u.s. must meet its preconditions for a deal, which include dialing back the huawei ban, removing all tariffs and accepting fewer purchases of u.s. goods. now, president trump is unlikely to accept all of those demands at this meeting. i am told by these sources that a truce is still possible if the two leaders decide t

guys >> kayla, thank you. kayla tausche in washington.he president also firing off on the fed once again calling its destructive -- calling it destructive. steve liesman with more on that. steve? >> quite a word. president trump in the cnbc interview was blunt about his continued unhappiness with the fed for not cutting rates. running off the balance sheet and as melissa said, called the fed, quote unquote, destructive. >> we should be entitled to have a fair playing field but even without a fair playing field because our fed is very, very destructive to us. even without a fair playing field, we're winning because the tariffs are putting us at a tremendous competitive advantage. >> so the context of that is obviously in the negotiations with china that he feels the fed puts him in a bad place. president trump also expressing his displeasure with personality over the committee saying they don't listen to him and end quote, they're not my people despite the mexican immigration and tariff deal, markets continue to forecast multiple rate cuts

sara >> kayla, thank you. let's bring in andy rothman, investment strategist at matthews asia, and start right there, andy, on what your expectations are for whether president trump will go through with the extra $300 million of imports that come to this country and put tariffs on them. >> well, my base case is that there will be a deal in the near future because the chinese certainly want a deal. they want to avoid a trade war and i think that president trump has already concluded that a deal is better for his re-election prospects than no deal but let's also keep in mind that the tariffs might not give us in the united states as much leverage as we think china's no longer an export-led economy. last year net exports, that's the value of a country's exports minus their imports. less than 1% of china's gdp. the u.s. only took 19% of total chinese exports. china's economy is a domestic demand-driven economy. just like ours last year 3/46 growth came from domestic consumption the impact of a trade war not as big

back to you. >> kayla, thank you. be monitoring that meeting. >>> let's get a cnbc news update with sue herera. >> here's what's happening at this hour. democratic presidential candidate bernie sanders blasting walmart's board, including its ceo for paying what he describes as starvation wages. at the company's annual shareholder meeting he introduced a proposal calling for hourly associates to have a seat on the company's board. >> it's not a radical idea i'm asking walmart, the employees are asking walmart, pay the workers there a living wage you don't get rich on 15 bucks an hour. that's for sure. but at the very least, you can live with some security. >> former chicago mayor rahm emmanuel will join the boutique investment bank center view partners we'll open a chicago office for centerview and advise clients on merger deals and other matters former treasury secretary robert rubin is a centerview adviser. >>> and the 151st running of the belmont stakes takes place this saturday war of will is one of the favorites.

in osaka, japan, for those kayla?y, morgan, this is the first official reaction from the white house in response to the reporting by "the wall street journal" that we at cnbc have matched that china's president xi plans to lay out or restate his terms for an eventual deal, but larry kudlow told reporters just a few moments ago that there are no preconditions for this week's talks. listen i don't believe -- i don't believe we have the sound bite ready, but what he essentially said is that there are no preconditions, that the u.s. will be restating its own goals of structural long-term changes to the economic relationship between the united states and china, but certainly, the u.s. is going to have to answer to china's demands here and at least figure out whether it can still reach a truce and if they reach a truce, how long that would be and whether they would like to hold talks with china to try to meet in the middle on some of these demands farther down the line. guys, back to you. >> kayla, thank you. and now we are

kayla tausche is in this week. what does the administration want in these negotiations.he white house, sue, has left the negotiations open and the demands open. they said that they want mexico to substantially stop the flow of migrants d andgs into the united states, but they haven't exactly said what the number is that they they want mexico to reinforce its border with gua they also want mexico to consider a proposal to become a safe third country. that means that mexico would have to accept all asylum seekers coming through from central america instead of the united states and mexico o far has called that last one a red line. >> what are tic ms offering? they came with a list of their own of demands and y offers. di get a sense of what they are? >> we mentioned that they are t willing to accept the u.s. proposal to accept central american refugees. that being said,heare, hecording to reuters proposing a marshal plan forrebuilding of central america. they also are planning to fpropose a diversion some funds from the state department program from 2008 that was to combat

kayla tausche reports tonight from osaka. >> reporter: president trump arrived in japan tonight with a packed agenda, including a dozen meeting with world leaders ontr e, middle east tensions, and north korea. kicking off with a working incident wer australia's prime minister. >> we even help our allies militarily. >> reporter: building up to a high stake one on one with xinp jiing who plans to outline the terms for a potential trade seal, reversing a ban on using h u uawei parts. in return china would offer help with i an north korea. two sources say president trump could reach a tce this week and agree to keep talking down the road. thequestion is how long truce would last with the top u.s. trade official, ambassador robert leitheiser wanting it open ended. larry kudlow says if no deal is reached the president has an alternative. >> he's perfectly happy where we are inushe dions, the negotiations, the tariffs. our economy is strong. their econo very weak. he's perfectly happy with that. if the talks fail, he's said we'll go to plan b which is another round of tariffs. >> reporter:

kayla towshe reports from osaka, japan. >> reporter: white house officials can't say with xacertaintylyhat will transpire during president trump and president xi's 90-minute meeting, but a senior administration off tells me the working assumption is that it will result in an agreement to de-escalateon tensi and resume talks for a unspecified amount of time, that is unless president xi refuses to revisit e terms beijing balked at last month. since then tensions haveig ened but there's still an opportunity according to the negotiator. >> i think presidentrump needs show in front of those hard liners to president xi tt this isn't about keeping china down, but this is just about making sure that china is u treatin. companies fairly. i think if president trump can signal that inf front xi and his hard liners, i think that will give the president ofhi some more flexibility to come back to the negotiating table in the way that we need him to. >> reporter: when asked by reporters in osaka, president trump said he still hadn't decided to suspend new tariffs. a we are going to have meeting with p

as kayla towji found out, that romisewo years later is a pipe dream. >> reporter: under the foot hillsappa sits a gold mine of natural gas. that is what china wanted when it reached a deal in 2017 with west virginia, more than everything the state produces in a given year. an $84 billion promise, endorsed by president donald trump and president xiin jinp billed as a game chang to the mountain state. >> imagine tha magnitude of we're talking about here. >> this is the best thing that could possibly happen. >> really and truly, it is coming. >> reporter: 18 months later, west virginia's governor jim justice acknowledges the reality is much different. >> has there been any money that ina energy has directly invested in west virginia? >> no, i don't think so. >> reporter: china'sst e-owned energy giant was expected to help fund three initiatives, the state's new gas burning power plants, a so-called seam cracker that turnso gas i a byproduct for plastics and fibers, and an derground reservoir called the appalachia storm hub the goal for those involved, invest in the state's infrastructure

we've got some more trade details coming out kayla tausche's got that for us.yla >> hey, wilfred. with the markets hanging on every piece of news around this u.s.-mexico negotiation we want to play some remarks that the mexican ambassador to the u.s. just made to some reporters including our cnbc intern gracie kref as she was leaving the white house you just a few minutes ago. take a listen. it was a very good discussion, a very good debate, and we explained to them all the enforcement measures that mexico is taking to address the challenge of migration >> she says the two sides are discussing all of the legal aspects of this potential cooperation. we'll bring you a little more detail as soon as we have it that's the latest for now. >> all right, kayla, thank you the dow's up 222 points. we're covering all of the angles here of the market in our closing countdown next >> and after the bell we'll break down beyond meat's earnings report with tillman fertitta t rheestaurant owner. will join us at post 9 to discuss if fake meat is just a fad. ♪ as your life grows,

kayla tausche. this after some data today showing that manufacturing is on the rebound. u.s. industrial output rose in may for the first monthly gain of the year. and retail sales also up climbing half a percent last month. consumer sentiment is down a bit due to tariff concerns ceo sentiments are worse let's talk more about all of this now with kevin hassett. he's share of the council of economic advisers. welcome, sir do you have any intel on these ceo meetings >> oh, sure. yes but no >> not that you're going to share. >> that's right. >> okay. but you know the concern the ceos have. in fact, if you look at the panoply, you can say they're the most concerned in the country right now. >> more important big news than the usually see. we were coming off of a soft patch. industrial production had a bad two o three months and the consumer wasn't keeping up with their income we thought consumption would come back eventually the fact we have these two strong reports today takes a lot of the risk off the market if you look at second quarter our model is now around two. usually the

tausche joins us with a look at what's ahead kayla?reporter: hey, john, executives from best buy, roku, and the semiconductor industry will be among the hundreds of witnesses in seven days of hearings, more than 50 hours of testimony, describing what the new 25% tariffs on the remaining $300 billion in chinese imports would do for their businesses. the lion's share of those businesses are expected to argue against these tariffs or for their products to be exempted if these tariffs go forward this last round of tariffs is expected to his business's bottom lines and main street much harder than the previous rounds last month, steven mnuchin told ko congress, quote, the way the tariffs were designed, the last tranche was really the consumer issue. we are monitoring the situation carefully and there will be some exceptions, end quote. lisa trofe says if tariffs goes forward on babies products, it would not only hurt price, but hurt quality >> we believe that baby products are integral to the safety of raising healthy american families and

and kayla tausche is outside the white house with the details kayla?s' meeting between the u.s. and mexico delegation nbc news is reporting according to a senior administration official that there is no deal that has been reached and this is largely consistent with what we've been hearing about the expectations for today's meeting given that the president is overseas as is much of his immigration policy team and that being said, we did expect there to be some ground broken, some compromise, perhaps, discussed on how to move forward we are still awaiting any statement from the white house and from the delegation that was negotiating, but according to nbc news at this time a senior administration official says no deal to avert those tariffs has been reached joe? >> definitely need some color out there, kayla i don't know when we'll get it and we'll see how the futures react later tonight. i don't know how much we were counting on it after navarro, i thought there might be something, right? >> navarro's comments this morning saying that the threat of the

and through the weekend, kayla, thank you very, very much.alk a little bit more about this and kayla's reporting. what is realistically going to come out of the trump/xi meeting. also patrick is chief strategist at silvercrest asset management and a long-time china watcher. i will just start with you you know, i'm thinking not so much even just about the stock market but what do business leaders do? what are they supposed to think now even if there is some kind of truce with china? what the heck does that mean >> well, i think that it means we're now entering this negotiation in the context of a presidential campaign. i think the president in the past might've been much more willing to impose increased tariffs is going to kind of slow his role i think that you're going to see ongoing discussions. we are not going to get an agreement with china in the near term, but i don't think we are going to see increased tariffs either >> same question, patrick, for you. again, the market will discount possible outcomes here and there, but we're talking a

cnbc's kayla tausche has been all over the tariff story from the beginning. kayla, what do we know about the first day of negotiations, and what's in store today? >> stephanie, we know talks were positive. they centered on migration and border security, not tariffs yesterday. and some of the mexican proposals were well received. namely to reprogram some joint u.s./mexico funds set aside about a decade ago to combat human and drug trafficking and also a proposal to rebuild central america's economies akin to the marshall plan. but the white house still wants more. a senior administration official tells me they plan to continue to ask mexico to support its remain in mexico program. it's migration protection proposals that has asylum seekers stay in mexico until their immigration cases are processed in the united states. and the white house also wants mexico still to consider a designation as a safe third country. that means any asylum seekers would have to stay in mexico instead of passing through to the united states. president trump was briefed last night aft

kayla tausche is at our bureau in washington, d.c that doesn't appear to be any time soon, kayla >> no, scott the president calling this a direct and proportionate response to the events of the last two weeks but also saying he was going to put the sanctions on the iran supreme leader with the stroke of a pen, they're denying the access of the financial resources for him and those in his inner circle. so we will see exactly when these will take effect and what the response will be we saw the treasury secretary standing there next to the president there in the oval office we expect to get some comments from secretary mnuchin with more detail about the sanctions momentarily from the white house, scott >> kayla, thanks so much for that report. so as we bring it back to the table here, steve, you've got geopolitical concerns that could throw off the momentum that we -- that i say we carry into the second half. then this week you have the g20 and the suspected meeting between the presidents trump and xi >> yeah. at this point, we've got some earnings coming up before the g20. i'm not sure t

that's the meeting between president trump and chinese president xi kayla tausche is live at the early morning in osaka, japan, with the very latest for us. in china it looks like is coming with a set of asks >> yeah, the u.s. and china are both trying to shape the narrative going into this meeting that's less than two days away. china, shall we say, retelegraphing some of its earlier asks via "the wall street journal" today. right as president trump was descending from air force one arriving here in osaka, amid those terms china laid out that the u.s. roll back its huawei ban and all the tariffs currently in place and accept lower purchases of u.s. goods. despite most of those being nonstarters, i'm told a truce is still possible because these are china's terms for an eventual deal not for talks this week. the open question, if a truce is within reach, though, is how long that would last i'm told by two sources familiar with his position that the top u.s. trade official, ambassador lighthizer does not like the pressure created by deadlines though as we know, president trump does every

kayla? >> scott, both the u.s. and china are trying to manage the narrative of exactly who would stand to get what if there were a truce or a potential deal that emerges from a meeting between president trump and president xi this week. in a call held earlier this week on monday, between the u.s. trade representative bob lighthizer and the vice premier of china, china was said to ask for a balanced deal, something it has asked for in the past and i'm told by two sources that ambassador lighthizer responded a balanced deal is not possible because of all of china's past transgressions today we saw reporting first in the "wall street journal" that china wants certain things as part of its deal negotiations. it wants the u.s. to roll back a ban on huawei business in the u.s. and roll back all of the tariffs that the u.s. has already put in place it also wants to lower the dollar figure of goods that it would buy from the u.s. as part of a deal. donald trump, the president, has said that he actually wants to double or t

let's get the latest from kayla tausche. >> reporter: good morning.te on where negotiations with the u.s. stands the summit with the foreign minister and mike pompeo are set for wednesday. he expects good results from the meeting. in a twitter con very versy, they're saying mexico is a friend of the united states. wilbur ross says they'll meet today. president trump meeting with the two sides, i'm done talking for 25 years we want action, not talk mick mulvaney said the white house has considered this move twice before when asked about the uncertainty it creates for business, mulvaney said because congress has been unwilling to act, the white house has no options. >> the purpose is not to create uncertainty. >> it is. >> it is, that is one of the consequences the purpose is to fix the situation on the southern border we've tried all the ordinary things. >> reporter: he said the president is deadly serious about tariffs and that he expected next week on the june 10th date for them to go into effect, brian. >> there was i guess not a peace offering from

tou kayla tausche still live in japan. >> yeah, the president may be laying out terms this week and we know how the u.s. might respond to them. they want a relaxation of that ban on huawei parts. the president said he is willing to negotiate on that and he expected it to come up that is not something that any u.s. negotiator has come up with they would prefer more purchases than fewer president trump wanted double or triple of china's $1.2 trillion purchase offer finally china said they want a balanced deal. they want to recognize the dignity of both the u.s. and china and as recently as this week sources tell me that they told his counter part in china that that wasn't possible because of the violations that whooi in a has had over the last few years that brought the two countries to the countries they said a deal this week at the summit was highly unlikely, but the base case for most strategists is for a truce to be inked this week, for the two sides to keep talking and work out the thornier issues later. i'm told robertlig lightheiser wants it finished as well. >> the shares are

as sara said from the china trade war to the deal with mexico to avoid tariffs, big tech, the fed, kaylas in washington covering tariffs steve liesman all over trump versus the fed we'll begin with china trade, the president telling us he believes china will mack a deke with the u.s kayla, we don't have the sound to you first and let's talk about whether or not the mexico resolution of sorts has any impact on china now. >> the president said he believes china will mackke a de because it needs to ma s ts to l new tariffs will take effect on the remaining $300 billion in chinese imports, but in the case of de-escalation, trump also teased one potential concession, relaxing restrictions on huawei, the telecom giant subject to regulations that cripple its ability to do business here. but he says just like huawei's smaller peer zte, he could potentially step in and remove those. listen >> zte, i did something with them where i closed them up and they paid me, they paid us as a country $1.2 billion fee and we changed their management, we allowed them to open, but zte is a much smaller -- that

"dateline" associate producer kayla ward spent 30 minutes talking with muller in jail through glass onne. no cameras, no recordings, no note taking allowed. >> what's his answer as to whether or not he's guilty of the crimes he's accused of? >> he wouldn't deny anything, but he wouldn't say he was guilty of anything. >> she asked him about samantha. >> recently interviewed a woman and her case matches the other cases. he couldn't believe that i was bringing this up. >> but he denied knowing anything about samantha's case or the one in palo alto. then kayla asked about denise huskins. >> he looked at me intensely and said can you imagine being woken up in the middle of the night, taken from your home, sexually assaulted and then you're brave and then it is used against you by the police. there was tears in his eyes. he was very emotional about it. >> putting on a show? >> he might have been putting on a show. he's very smart. very, very smart. >> and very eager to talk about his own troubles. >> he wanted to be very clear the last six years of his life have been spent in depression. he'

kayla is live at the g-20 summit in o saka, japan, with the latest kayla. >> kelly, that 90-minute meeting is taking place 209 days after these two leaders last met at the summit in argentina and white house officials are exp t expecting a similar outcome. a cease fire of sorts. although aqui knowledged the situation is trickier. china has walked back some principles that had been ironed out and the white house has introduced some of its own hard line policies in the meantime. so that makes the situation tricky, but none the less, any cease fire this weekend is still going to be followed by a very difficult road of negotiations chris krueger joined the cease fire camp today, but points out just that very issue he says we suspect that any breakthrough will be more cosmetic than real and more a truce than armistice the conflict remains filled wit holes. perhaps that's why president trump when asked by reporters when he had agreed to suspend this next round of tariffs wouldn't say >> we're dwoigoing to have a men with president xi tomorrow as you probably have heard. seems to be a rumor about

when it comes to trade kayla tausche has a look ahead kayla?, on thursday. mr. trump will meet with the host country leader prime minister shinzo abe. and he's also teased formal bilaterals with vladimir putin an confirmed an extended meeting with china's xi jinping. trade and middle east tensions are at the top of the agenda this week. mr. trump told nbc's chuck todd that this is his message to tehran >> look, you can't have nuclear weapons. and if you want to talk about it, good otherwise, you can live in a shattered economy for a long time to come >> the meeting with chinia's president xi jinping could usher in a new period of productive talks between washington and beijing. derrick scissors says the reopening of talks could be accompanied by a suspension of the last u.s. tariff round and a new purchase of u.s. goods by china. the trump administration has been send something mixed messaged on china. the commerce department black listed other firms on friday, even as the president delivered a hawkish china speech said for today and administra

manufacturing and engineering workers to give president trump the widest margin of victory in 2016 cnbc kaylaausche found that promise two years later is a pipe dream >> under the foothills of appalachia is a gold mine of natural gas. vast reserves of underground energy that's what china wanted when it reached a deal in 2017 with west virginia, more valuable than everything the state produces in a given year an $84 billion promise, endorsed by president trump and president xi jinping >> imagine the magnitude of what we're talking about here. >> this is the best thing that could possibly happen. >> really and truly. >> 18 months later, the governor acknowledges the reality is much different. >> has there been any money that china energy has directly invested in west virginia? >> no, i don't think so. >> china state owned energy giant was expected to fund three initiatives, the new gas burning power plants, a so-called steam cracker that turns gas into a by-product for plastics and fibers, and an underground reservoir, called appalachia storage hub, to hold the excess energy until it is process

and china it seems to be, based on, i know kayla tausche, our own kayla tausche is reporting yesterdayt huawei and the ban against them would need to be dropped, according to china's wish list on the flip side, though, you have quite a number of lawmakers here in the u.s., this is -- that there's bipartisan support for ongoing pressure against that company how does this play out for semis longer term? >> longer term, i've got the view that they'll get a deal done at the end of the day, we have a little bit of a wild president, but i think they want to get a deal done before the election begins i think that eventually gets solved but the way to play this, you want to be long amd and nvidia because they're the tech leaders and essentially you can't do any ai, any deep learning or anything long-term tech oriented without them and secondly, for a higher beta play, you want to be long memory that would be micron, because essentially if data center comes back, each one of these servers has over a terabyte worth of memory in them and that's going to increase the demand significantly for memor

kayla tausche has that >> president trump in the oval office says he's signing an executive ord theirions on iran after iran downed that unmanned drone that was operated by the united states last week the president is making these comments to the press pool which he unexpectedly called into the oval office just moments ago he says these sanctions which he had been touting on twitter would focus on iran's supreme leader who would not be spared from this fresh round of sanctions. he says it's tied directly to the actions of last week he does say he would love to get a deal with iran but we will wait and see if we get more details on exactly what these sanctions are and when they would go into effect and who in addition to the supreme leader they would target >> all right kayla, thanks. >>> meantime, speaking of the white house and geopolitics, rahal solomon has more >> i'm at the fancy food show from the specialty food association. this is a conference they do every year the specialty food industry is a $150 billion food industry they're in the middle of the tariff war that's flown unde

dom chu is here at the exchange with the movers on the floor kayla tausche's on washington watch with fresh comments from jamie dimon on trade but josh, let's start with you >> wilf, broadcom's ceo really bluntly laying out the issues here for investors lowering his full-year revenue outlook by 2 billion to 22.5 billion saying that trade conflict and huawei export ban is creating economic uncertainty. last year huawei generated $900 million for broadcom the stock got hammered in today's trade. what do semi investors do now? rosenblatt's hance mosesman says typically companies with new products poised to take share like amd and xilinx, he says sara, back to you. >> all right thank you, josh. another ipo surging today in its first day of trade i mentioned chewy up only, leslie picker, 55% because it was up what, more than 8 0 at the open >> it was. although it has been picking up some steam as we get closer to the close. but you're right, sara well off the highs of the day. especially as we saw when the stock began trading earlier. now chewy and its parent company petsmart raised more t

secretary of state mike pompeo meets with a delegation from mexico to discuss tariffs and the border kaylaoins us now with the latest >> reporter: i'm told the situation is still fluid going into that meeting by a senior administration official who says that today's talks represent the starting line in negotiations with mexico over immigration and boarder security, not the finish line i think it's important for the market in thinking about where we might be in terms of a potential deal coming today or not coming today i'm told the u.s. mca will be pursued on a separate track to today's talk mexico is planning its own retaliation if the tariffs come into effect which seems like the likely scenario. mexico is saying it is a red line for it to be an asylum country for all central american migrants the economy can't hold all the people passing through mexico and coming to the united states that have been stoking the ire of the administration here notably, the attendees do not include the proponents in the trump administration who have been pushing hardest for that asylum policy to be adopted b

kayla addressed the cameras.ds and their teary-eyed dad stood by. >> we have not sat here in silence and watched another travesty of justice take place. >> reporter: the family asked the public to find out what really happened to michelle. it was march 2014. >> it's time for a real investigation that will get us answers. >> i think that theit was a goo for us to finally come out and talk about it. >> reporter: how did it feel to do it? >> good. >> we newell it was time to come out and give our side and do our part in this. >> reporter: cal hired new lawyers and they condemned the state for an investigation which they said was blind any suspect but their client. the defense attorney bruce barket. >> they have pursued this man for 14 years with scant evidence, evidence that really no prosecutor should bring a case on. >> reporter: the defense went back to witnesses the police had interviewed years before, talked to others, and heard a whole new story of michelle's last hours on earth. earlier trials they said revea

he said there's no deadline. >> thank you kayla tausche. meanwhile, wilbur ross says president trump is ready to proceed with tariffs on the remaining $300 billion in chinese goods if a trade deal is not reached. here's what wilbur ross told phil lebeau at the paris air show this morning. >> very hard to put a time table on things. i think that we will eventually probably make a deal but if we don't, the president is perfectly happy with continuing the tariff movements that we have already announced as well as imposing the new ones that he has temporarily suspended. >> secretary ross downplayed the prospect of a deal being reached at the g-20 meeting in japan later this month let's bring in stephanie miller, newly formed research and consulting firm based in d.c stephanie, great to have you here on set. it doesn't seem that there are many preparations under way right now for any sort of meeting between president trump and president xi how do you read those tea leaves >> i think a lot of folks are skeptical that that meeting will happen i th

kayla?arting line of talks toward a potential deal, certainly not the end stages this official tells me that the situation is still fluid with no decision made either way when i asked about usmca and the expectation that not only would the white house delegation be interested in making sure that is not jeopardized, he told me that they are still working under the assumption that the usmca and immigration are in completely separate tracks that being said, the representatives from the trump administration represent some free traders who have an interest in this free trade deal with mexico going through, led by the vice president, mike pence, accompanied by the secretary of state and acting department of homeland security secretary as well, accompanied by the vice president's chief of staff. we'll see exactly what comes out of that meeting if anything later today when it starts at 3:30 here is how the afternoon will go president trump will touch down momentarily. mexico will have a press confer

no deal on one for now and new threats of more tariffs on the other kayla tausche has more on this. >orning, brian start with mexico because that situation is live and ongoing. talks continue today after the u.s. and mexico failed to reach a deal yesterday on migration and border security. that would avert tariffs to go in to place on monday. officials from each country will hold smaller breakout sessions today. diplomats at the state department, attorneys at the white house, and other breakouts as well and this is all in hopes that progress can be made. a senior administration official says to reach a deal, the white house wants mexico to accept asylum seekers otherwise bound for the u.s. and mexico said that's a red line. the white house wants mexico to accept the u.s. migration protocol that calls for potential migrants to remain in mexico until a judge hears their case this official said the president would like to see this situation wrapped up soon, but that soon will likely be after those 5% tariffs are put in place on monday mexico for its part said the discussion focused on th

china and mexico outside the white house just moments ago let's get more on this breaking news with kayla with the headlines at the white house >> the president earlier today just a few moments ago reiterating his belief that china will make a deal soon because it needs to make a deal. the president saying he has a close friendship with china's president, but he has a great respect for chez xi but that the tariffs are hurting china badly and that is what will ultimately bring them to the negotiating table. reiterating what he said yesterday on "squawk box." he said it is the tariffs that brought mexico to the table and without those tariffs the u.s. and mexico would have had no deal when asked for that deal brought a deal and said right here is the agreement and he said while it is up to his sole discretion to put the deal in place, that mexico will need to legally approve the deal in some way although he was asked what if mexico brings down border crossings. what if the numbers improve over the next month will you still go forward with this deal that has no effective day. if mexico bring

ends up being. >> probably no more sensitive topic than tiananmen with beijing. >> kayla, thank you. >>> president trump's economic adviser larry kudlow also speaking today about trade he also addressed new reports president trump considered demoting jay powell from his role as fed chairman this headline comes just 24 hours before tomorrow's fed rate decision eamon javers has the latest on the white house angle of this story. >> yeah, melissa bloomberg reported earlier today that their reporting was that the white house had considered the idea of demoting jay powell from fed chair to the fed board, and the white house counsel's office explored the legality of that i had the opportunity to ask larry kudlow on the driveway behind me about that report, whether or not it was true s and what the white house is saying about that currently. here's what he said. >> that story is -- i'm aware of it and the reason i'm not going to comment is it's a six-month-old story. >> it happened six months ago? >> allegedly allegedly. i'm not going to confirm or deny anything we are not taking any actions

for nightly i business report kayla tausche in washington. >> and there is late wor tonight that secretary mike pompeo and mexico's foreign inister will meet washington on wednesday. >> clearly the u.s. and mexico have strong economic ties and it is one of the lgest trading partners for years and imports from that country totaled $437 billion just las year alo and the major goods that come across the border include autos, computers, oil and vegetables. >> and that is why shares of fiat chrysler, general motors and ford all fell during today's sessio 15% of the cars and trucks sold in the u.s. come from mexico and a tariff goes into effect automakers will be faced with no good choices. phil lebeau has w more. n gm decided to build the new chevy blazer in mexico, it seemed like a no-brainer. after all, mexico has lower labor costs than the u.s., driving strong profitarns for in-demand models like suvs, but blazers from south of the border will not be as profitable if gm has toay 5% for every one it brings into the u.s. so what shouldhe automaker do? president trump tweeted in order not to pa

just as the "wall street journal" came out with a report suggesting that progress on a trade deal kayla tausche is there on the ground she joins us with the latest this morning >> andrew, it's president trump's third g20 summit as president. his third visit to japan as president. and perhaps the highest stakes yet as he holds several bilateral meetings, not the least of which with president xi jinping where we learned that the "wall street journal" is reporting according to chinese officials that president xi plans to present terms to possibly settle the trade dispute going on between the two countries for more than a year interesting those headlines hit as president trump is arriving at osaka, stepping off air force one where he's heading to a dinner with australia's prime minister where you can be sure china will come up australia is reliant on business with china but will likely offer a word of caution to president trump as it has tried to become less reliant on china haven't yein recent years that meeting will take place on saturday it will take about 90 minutes. that's how much tim

willpresident mike pence address the organization kayla and washington, d.c.. live coverage at 6 p.m. eastern on he -- on c-span. the supreme court ruled five-for the partisan gerrymandering as a matter of politics and not a matter for the judicial branch to take up. oraligh court heard two arguments, including partisan redistricting back in march. in a few minutes we will show you those oral arguments in their entirety. with amy howrview about the ruling. joining us now is the cofounder of scotus blog. two major decisions. gerrymandering combined and the sense of citizenship question case. chief justice roberts had the majority opinion in the two gerrymandering cases combined. what was the ruling? >> in that case we had two different cases involving partisan gerrymandering, one out of maryland involving a challenge to a single matter and another out of north carolina.

hi, my name is kayla. where do you come from? i'm fromjamaica. do you remember the year you came? down. the empire windrush brings 500 jamaicans. the empire windrush docked at tilbury port in essex back in 1948. hundreds of passengers from the caribbean who were invited over after the second world war left theirfamilies to start a new life in the uk. taking upjobs in the nhs, armed forces and other public services. some of these experiences are reflected in the group performances at the care home. half a million pounds of government funding has been made available for community events all over the uk, to celebrate members of the windrush generation theirfamilies. # i don't need nobody #. it is hoped these extraordinary stories will help us remember their valuable contribution. # all i need is you #. adina campbell, bbc news. the 2019 fifa women's world cup is underway in france. norway beat australia 4 — 1 on saturday in a penalty shootout in nice to reach the quarter finals. former champions germany also advanced to the quarter—finals after beating nigeria 3—0 at grenoble. sherif

kayla tausche is following the latest trade developments. and courtney reagan is covering tiffany's which has a snapshot into all of those stories. let's start with bob here at the stock exchange >> you've got o'some positive trade headlines. powell saying he'll monitor trade, whatever that means, and the markets putting it all together with an oversold bounce and particularly in the sectors that have been beaten up the most just take a look at the dow components you can see that nike a consumer name with a big international trade-related situation. up big financial stocks, tough recently, also rallying like goldman sachs. 3m, boeing, caterpillar and the industrials all rallying what's lagging is the consumer names, mcdonald's and coke a good example not doing so much i want to shoi a big bounce in a sector that's been dramatically oversold all the metal stocks have gotten killed down 15 mers, 17%. there's u.s. steel allegheny. all the steel stocks what's not seeing a lot of movement is generally the big s&p 500 sectors. the s.p.y., the big

. >> kayla tausche, thanks if you hear anything for sure before any of this happens, you'll come on,ight? we have time for you we do have ribs later. >> we'll see you i'm pretty sure every hour with a little bit more information each time >> all right thanks >>> speaking of the g20, check out president trump's reaction when asked by a reporter about russian meddling in u.s. election elections. >> don't meddle in the elections. >> separately vladimir putin gave an interview to the ft in which he said the dominant western ideology since the end of world war ii has become obsolete he said the liberal ideal has come into conflict with the interests of the overwhelming majority of the population putin praised president trump for trying to stop the flow of migrants and drugs from mexico >>> all right. we're also watching nike shar the strong dropped 4% before rebounding nike earned 62 cents a share in the fourth quarter 4 cents below expectations revenue was slightly above on the call nike's cfo said the trade war with china has not affected business so far nike continues to see strong mom

>> all right, kayla, thank you very much. kayla tausche.rade conflict with china. joining us is former new corp ceo dan d'amico. he served as a trade adviser to president trump in 2016. and former u.s. senator heidi heitkamp, who is also a cnbc contributor. so, folks, what do we think? are tariffs effective or not i'm imagining i'm going to get different answers from each of you. senator heitkamp, i'll start with you. >> well, absolutely not. let's quick calling them tariffs. let's start calling them taxes so, we're imposing taxes on the american people to basically achieve a political result in china. okay, so, you can say, well, what has happened in the past, that's been successful we can talk about what the other strategies are going to be, but what we need to understand is that now we are engaged in a trade conflict i won't call it a trade war. with china and china is very strategic. so, what did china do to american farmers they didn't just impose a 25% tariff on soybeans, they quit buying soybeans. and so, when you look at what the po