you have a question for kayla? >> i was wondering if we're ever going to actually be able to read that signed agreement the leather-bound agreement. >> kayla, are you still with us? >> yes, i am so we were told that there would be a fact sheet of sorts that's released today that's going to have more detail more meat on the bone than we've gotten so far. including some specific -- some specific details around the intellectual property and around of some these purchases, which they won't go into detail about the specific numbers because they don't want it to move the market the deal itself is expected to be made public at some point over the next couple of weeks. ambassador lighthizer acknowledged that people on the hill, lawmakers really want to see this and he said -- i think he said they'll get their nose out of joi joint if they don't get to have a look at this that was the turn of phrase he used so i think he understands the text of this needs to be made public. >> dan, what's your reaction to all this listening

kayla, what do we know about the deal so far?well thisevening, bill we are still awaiting the official word from the white house and e office of the u.s. trade representative. what we know is that theg negotiateam of trade and economic advisers met with president trump today f roughly an hour. and that last week that people in presented to china an olive branch of sorts that would see the tariffs set for sunday delays and previous rounds of tariffs curtailed significantly. happened in the intervening days and what the deal presented to the president todays. also whether the president signed off on that. my sources say president trump wanted to china to commit to a higher dollar fure of agriculturals purchases to before committing to roll back tariffs. >> kayla, you outlined some of the questions. but what are theio que still remaining unanswered >> the questions, sue are what happens to the tariffs otap for this weekend? what happens to the tariffs put in place previously for thoseie comp that have been paying those tariffsir whe

kayla tausche has the latest details. and the likely time line for you now, kayla. >> brian, there is roughly two hours left of debate and remarks from party leadership before the house takes up a vote on two articles of impeachment against the president of the united states we just heard from the two congressman from texas moments ago. republicans have lebron jamesly argued that president trump is falsely accused of wrong doing by a party who doesn't like him. democrats tried to argue that history will be on their side. a few moments ago we from justin amash who left the republican party earlier this year and may have presidential ambitions. he is going to be voting for impeachment and says that president trump violated the public trust on this senate side, politico is reporting that white house counselor kellyanne conway met with republicans to share internal polling data that says impeachment is unpopular and president trump should be acquitted on the merits. cnbc has been asking republican senators about this meeting.

kayla, lots of moving parts today. tariffs everywhere. >> as there are always moving parts, tyler, the multi-front trade war is heating up again with the trump administration now proposing tariffs up to 100% on $2.4 billion in french luxury goods. it's a counter punch to france's attacks on revenue which the president says he should be collecting. >> i think we'll be able to work something out, i hope, and maybe not. maybe we'll do it through taxing, working easily through taxing, but they're american companies, the tech companies you're talking about they're not my favorite people because they're not sal for me i don't care, they're american companies and we want to tax american companies >> president leaving his options open for negotiation there, but if those tariffs hit in mid january, that would be a month after a deadline for new tariffs on china the truce with beijing has lasted 53 days this time at least and a delay by trump without a deal would be the fourth such move this year alone. the state of play is uncl

kayla reflected that uncertainty overall.ms like parts of it are still being negotiated the thing that matters on tariffs, markets already had that priced in. >> shares of caterpillar higher by more than 1%, now down a half percent. that's a trade sensitive stock >> there was the anticipation, there's not necessarily a sense here that tomorrow a cap ex boom starts and china has pent up demand for machinery there's a reality check what it means. what it means market wise, one more kind of thing we were afraid of that could have a bad result has been removed. one of the things have been removed. we had a recession scare, doesn't seem in the cards soon, that was a few months ago. market up 10% since early october. we kind of plowed through things by the way, yesterday the fed says we're going to do everything possible to make sure there's a lot of liquidity that was starting to grow as a back of the mind concern for year end on a mechanical basis for the markets. all of these things were taken care of. guess what, even a federal

kayla menoned what happens with europe as well. they're on the softer the manufacturing numbers are on the weaker side. the trade deal, assuming it happens in early january, is goingo cau global growth to snap back. i think the backdrop is still on the softside. >> john, where do you standhen wh you should look for the high growth stocks again in the new year or stick wit some of the value and defensive plays out there? >> we're pairing back on growth. it's more of an equal weight right now. to your point about those companies benefitting from the l re o global trade, if you look a the earnings forecast for 2020 we're lking at 15% earningsrowth for industrials and the energy space, a twoas that have been affected quite a bit. sectors. two of the leading ou factor in the potential for higher market interest rates that would bode well for the financial sector. >> jim o'slivan and joh lynch. thank you both for joining us. >> thank you, bill. >> thank you,bill. >>> 2020 also brings, of course, a presidential election, and the final yea

that course >>> we're going to focus in on the big stories we're watching and it's all about trade kayla tausche has the details on these breaking china headlines at least what we know. bob pisani is tracking the market reacshown and mike santoli is looking at apple and where wall street stands on the name we'll kick it off with kayla tausche. get us up to speed what we know. we know this is a moving target. >> reporter: three sources close to talks are confirming there's a deal in principle between u.s. and chinese negotiators that the u.s. officials are expected to bring to president trump this afternoon during a meeting between all of these principals and discuss next steps one much these sources tells me president trump has been focused on the agricultural purchase number and wanted china to make a bigger commitment. that commitment had been around $40 billion in u.s. products and he wanted it closer to $50 billion. highest ever total that china had purchased in a given year was $26 billion. certainly that's a number to watch in terms of any announcement that we get from here another

with the latest on, yeah, i don't want to call it kayla. >> brian, the last few days various members of the trump administration have been sounding off on trade ahead of the december 15th deadline but the resident white house hawk peter navarro is leaning on fictional alter ego which he calls ron ver aire to disseminate a case that tariffs are good and phase 1 deal bad. in a email memo circulated december 9th obtained by cnbc and reported by "the new york times" ron vera makes this contrarian argument that quote tariffs are working to defend the economy and have had had no negative impact on growth or stock market rise thp thp. they spur growth by improving net export and he also urge the white house uncertainty out of the market until announcing no deal until after the election and ride the tariffs to victory. it's unclear whie navarro wanted the talking points out there especially under the stage name of ron vera appear how widely he circuited this we reached to nafr memo and the white house for comment. navarro himself has been arguing up stream against in phase 1 deal since annou

kayla referenced it. but in your mind, how does it change the game? >> hardly at all the fact is this is, this is nafta with a couple marginal changes and the marginal changes were necessary to get democratic votes. and so consequent ly, the u.s. content of cars entering from mexico duty free, that goes down a bit. it's a victory for amazon. the nemesis of the president because it protects e commerce and data transfers, which was not in the original nafta because we didn't have any of them at the time but the fact is, the international trade commission has forecast that this will add $68 billion to gdp and 176,000 jobs over six years. that means the amount that it's boosting gdp is kind of a rounding error and but that just says that nafta worked so when the president says this is the best deal in u.s. history, that's a great compliment to george herbert walker bush and bill clinton >> derek, you're nodding along with this? does the president get credit or no credit? >> i think there's something important about usm krrca i agree that it's going to hav

i don't want to let you get out of here and, kayla, you too, without talking about china. stephanie, you are bullish on the idea there's going to be a trade deal with china, phase one, and no tariffs coming into effect on sunday. >> yeah. i mean, i do think tariffs could come in on sunday. i think overall, the biggest thing driving resolution here, to me, is the election no president has won an election on a recession -- re-election, i should say, on recession since the 1930s. if the president is worried about a recession, he needs to come to some sort of resolution on china whether there's an escalation, one more escalation this weekend or not, i don't think it is sort of an end all, be all for things turning sour. >> kayla, what are you hearing, if anything, on china? every day brings a new headline. >> we've certainly seen bullishness from members of the administration you also have to think the president's phone line is lighting up with the likes of tim cook and the ceo of hasbro, instrumental in his august delay of these exact tariffs just before the toll hollidayho h

. >> kayla tausche last night, basically, you don't know where we are it is in flux. at 5:00 a.m.t was x, at 7:00, it was that, 8:30, new view. but the one thing is certain, this story that made the rounds, that the president has put out that he'll roll back half the tariffs, and cancel december tariffs, that's a deal that the chinese want, that's not -- that is false. >> you're hearing that's not true. >> false. >> you're saying flat out i heard you say it on "squawk box," your reporting indicates -- >> a deal, but not that deal that's what i'm saying >> what deal is it there would be december 15th tariffs, no. >> there could be at 9:30. >> you're talking about the rollback of the existing 360 billion. >> that's not on the table the idea that somehow the president is saying, here's what i'm offering, i'm understanding that's not the case. that doesn't mean it is not going to be a deal i'm saying that grand comprehensive deal is not what is in play what is in play is a deal that is not as big, and it is sometimes difficult to -- for even the white house to understand how did the s

for night business report, kayla towshi washington >>> it's time to take a look at today's upgrades andowngrades. macy's was downgraded to sell from neutral. the analysts cites the deterioration in fundamentals. the price target is $12. the stock rose 2% to 15.48. >>> 3m was downgraded from neutral to buy. investors site the 2018 peak. the price target is $180, the shares fell abo 169.83 skywork solutions was upgraded to by to tunderperform bank of america merrill lynch. the anticipated increase in mand for chips due to the growth of 5g technology. skyworks price targets 122. the stock rose more than 1 1/2% in today's trading session. >>> as you likely kw by now, paul volker passed away over the weekend. he was a prominent fixture in the world of fance f more than 40 years. he servedix presidents, most famously as the chair of the federal reserve in the19s, the current fed chair and his colleagues today are dealing with a low inflation environment. and in some ways, they can thank paul volker for that. >> he is credited with taming runaway inflation in the 1980s, earning that credit was

let's go to kayla tausche for the latest on trade. sudden turn lower. i haven't seen any tweets. that's the first place i checked. what can you tell us about what you're hearing at this point >> reporter: it's still radio silent from both the u.s. and china. this since the u.s. economic team met with the president yesterday to discuss the agreement. we expected the president to sign off on the deal the question is what happened in china overnight. despite expectations for a statement from the white house and u.s. trade representative and potential signing by the chinese ambassador before the week's end "the new york times" is reporting that a policy announcement could be here today. mike pillsbury spoke with him yesterday after that trade meeting and said he expected a breakthrough china's foreign ministry would only say, quote, any agreement has to be mutually beneficial, end quote. china is not confirming that there is any even broad agreement at this point. so we do have questions about how china reacted to any potential change in

our kayla tausche and jimmy pethokoukis. crystal ball the super rich are looking ahead to 2020. what do they expect for the economy and the stock market we'll discuss that when "closing bell" comes back in a moment [ dramatic music ] this holiday... ahhhhh!!! -ahhhhh!!! a distant friend returns... elliott. you came back! and while lots of things have changed... wooooah! -woah! it's called the internet. some things haven't. get ready for a reunion 3 million light years in the making. woohoo! -yeah! >>> american millionaires are more cautious about the markets than the economy headed into 2020 a third of millionaires say the economy will be the same as next year, while just under 40% say it will actually be weaker, that's ard doing to the cnbc millionaire survey over 40% say the s&p will be flat to down next year 60% say it will be up more than 10%. most expect total investment returns a little bit more modest between 2% and 6%. 40% say government tis function is the biggest risk to the economy and also the biggest risk to the

for "nightly business report," i'm kayla taushi in washington. >>> spending projects fell in october. activity was dragged down by a decline in apartment and multi-family home building. according to the commerce department, construction spending fell 0.8% from the prior month. economists expectegain. the decline is due in part to a drop in investment in privatets projhich hit a three-year low, a that pressures the home builders which fell in today's session. >>> east coast, the first major storm of the winr has arrived. it stretches from the appalachians up to maine. it's expected to dump more than 1 foot of snow in some places. it obviously came at aad time for those traveling back from their thanksgiving holiday. for retailers, it may translate into more spending. with some schools closed the storm kept many at hom and possibly online, shopping on this cyber monday, expected to set sales records. co is at a walmart fulfillment center where packages go from your computer to your doorstep. >> rreorr: y, set, shop. today is expected to set records for online sales. that's on top of rec

kayla tausche reports for us tonight from our nation's capitol. >> in mexic city today, a feelingf dejau. north american negotiators gathering to celebrate a revised mca, more than a year after leaders from t u.s., mexico and canada signed the original nafta replacement. since then, house democrats and the white house have been negotiating behind closed doors, make the deal more enforceable and palatable to organizeds labor. >> t a day we've all been working to. >> house speaker nancy pelosi announcing the agreement immediately after rolling out articles of impeachment. and was asked if president trump was unfit for office, why sign his signature deal? >> i would say we came a long way from what he originally proposed. what he originally proposed. and there are some people who said why make it look li he has a victory? well we are declaring victory for the american worker. >> the revised agreement h been many businessim ications. regular compliance of the deal's labor, wage and environmental provisions and removing prections for brand name drugs againstr generics. fo knows reasons, the

let's get to washington, d.c kayla tausche has more details what are you learning? chuck grassley who chairs the finance committee who has trade oversight has just made some comments on the senate floor about the narrowing window to pass the new nafta this year listen >> if a deal cannot be reached by the end of this week, i do not see how the u.s. mca can be ratified in the year we're in. >> that is increasingly becoming the conventional wisdom here in washington there are just eight legislative days left this year on capitol hill and here's what has to happen for usmca to actually be passed. first, you have to have a handshake between the house democrats and ustr then mexico and canada will have to agree to some edits that the white house makes to the deal. then the white house will send the bill to the capitol which triggers a countdown to a vote and leader pelosi and mcconnell will have to sponsor those votes. that's a lot to happen with government funding expiring and a government impeachment inquiry growing by the day a lot to get done and you can see why sena

down in d.c kayla?is morning republican lawmakers met as well in a republican house conference and i'm told at that meeting congressman kevin brady the republican from texas told members that usmca is done and that the trads representative ambassador lighthizer is on the way to mexico to sign it according to two sources who were in the room of course, the democrats have been negotiating this deal with the white house and the u.s. trade representative for more than a year after the three countries initially signed this deal trying to, in their view, strengthen the enforcement labor and pharmaceutical provisions in the deal so they could make sure that some of the lapses that were present in the nafta deal did not happen again we'll await exactly what the final deal includes on that front but we do expect it to be signed today mexico's president in a press conference earlier today said that the three countries will sign it and it is a good deal for all three countries but notes that the mexican senate has

kayla tausche has more in washington kayla? >> reporter: wilf, mexico is outraged that the u.s. version of the new nafta allowed for five inspectors to regulate its labor reforms on the ground. so mexico's chief negotiators returned to washington to make sure that provision wasn't as heavy-handed as it sounded >> these personnel will not be labor inspectors it's not the kind of inspector that had been disclosed for the whole year >> the error appears to have been cleared a statement from the u.s. trade representative says they're no different than existing inspectors that the u.s. government has in mexico the usmca still teed up for a house vote on thursday guys >> kayla, thank you for that you know, it's funny, because usmca has somewhat been overshadow ed by the importance of the u.s./china deal, but this is a deal that really matters to a lot of business's bottom lines. >> china is less of a trading partner than mexico and canada combined we know this deal was agreed upon months and months ago obviously, the ratification was a foregone conclusion. i think it's important but i

what he did to kayla, for what he did to kayla, we knew that he knows the story. >> are you leavingh the hierarchy of the church? have they blown it? because a lot of people are having that struggle right now with their own decision. >> yes, there has been disasters that have happened in the hierarchy and all along. but let me tell you, there is a lot of great men and women out there meeting. i will be in the pews. >> you think about the diversity, the real diversity is different thoughts, not different shades of skin color. so why are we so focused on what everyone's heritage is or what they look like? why aren't we focused a little more on the diversity of opinions? >> thomas 97 years old and every year for the past six years to remember those lost and to make sure everyone remembers the sacrifice that was made on that day. ♪ >> what were you thinking about? >> my body was in one place in my mind was in another place. and i couldn't put them both together until i lift the aircraft. i'm going to keep on going. >> keep on going. >> i'm not a dead man walking. >> in that moment i com

kayla tausche joining us now from washington with why those two votes, in timing, are likely linked kayla>> brian, it's all part of speaker nancy pelosi's yearend legislative blitz aimed at giving moderate democrats a laundry list of accomplishments to bring back to their constituents who are against impeachment. here's one of those moderates. alyssa slotkin who is from michigan and acknowledged to nbc earlier today her vote backing impeachment is controversial among her voters. >> of course, presidents use the leverage of the united states to get countries to do what they want but this was different because it was for his personal gain we cannot allow the presidency to be used that way. and we cannot allow an invitation to go out for foreigners to intervene in our political process. >> slotkin said she struggled reaching that decision but she is among three so-called front liners who helped flip trump districts and the house blue in 2018 and nearly all of them will back impeachment this evening but perhaps more notably, they're also backing a spending bill that continues funding for pres

>>i forget how big north star is until she says 37 runs in its to home for plans to open kayla and witheast of snow this weekend. i expect you guys will probably be looking open up more on top. >>operation teams are working around the clock. waiting for mother nature and looking out and whatever we can >>yeah hold not. >>there's no need caylee anymore for manmade snow right with mother nature doing her job at all natural i would imagine, yeah, the operations there. >>yeah we do have are some snow making teams still working we know use that to supplement what natural snow falls. >>and so came the answer me this because unlike dari and maybe even will i don't typically go up to tahoe to enjoy the slopes because i'm horrible my knees are shot her back at the resort what's there for me what can i do. >>absolutely well tonight we have no al nights from 5 to 8 in the village. safe some delicious cocktails and perhaps an appearance from santa claus. it's so loud it's lately my direction. so it's a great family fun event right here in the village of course are very cool so little bit of somethi

then the news broke kayla told you about. boom, new highs. mike wilson by the way, welcome. does the trade news change your outtlook at all heading into the new year >> no, i mean this is part of our outlook for 2020 we need this to actually for the global economy to bom in the first quarter which is the call from the economists i think what this really does is it adds fuel to the fire of the rotation we've been seeing we saw it more of that today where the cyclical are outperforming the defense he he was. yields are trying to break out i'm not sure yet we're at the age yet. here is the risk of the deal right. markets top on good news bom on bad news this is going on for a while. we finally have good news that's good helps the recovery next year the question is how much is priced and i think. >> apparently all of it. >> i don't know we'll see. in some skurpts it has you have to live under a rock to know it's not coming it's good we got it done the risk on the other side is was there pullforward demand i front of sunday' threat of tariffs if a fan if there is there could be a

want to get over to kayla tausche with the latest on both.ter: andrew, house democrats are studying the final proposal on usmca. a working group gathering as speaker nancy pelosi said that a deal is in fact close. >> we're close we're not quite finished yet, but we're within range that's the way i would say it. and it is something that hopefully if we can work out the final details -- >> reporter: pelosi also told nbc that she wants to see the implementing language. last night she was on stage with jared kushner, senior advisor to the president, has been shepherding the relationship with mexico. they're traveling to mexico to speak about the changes. mexico's foreign minister said that the negotiating teams will be meeting at noon today to discuss the agreement which it calls teamec getting mexico on board is mandatory after which the white house would send the official language to the whihill the administration is also heading in a good direction in china talks where he is playing a larger role these days and also said that the administratio

the fact that usmca is finally moving forward here, kayla, how important is that to the u.s./china trade talks i ask, because if you do start to see some of these deals with american allies and really finally begin to take effect, they can't help but think it only strengthens the u.s.' hands. >> there are different scenarios. in the usmca, you had essentially an early draft in nafta nafta which they were trying to revise and modernize the china deal is starting from crash and it's revisiting decades of transgressions that the u.s. says cannot be an equal deal because china has gotten so much of a head start on the u.s. and has so many transgressions that need to be righted here that being said, the president has suggested as recently as a couple of months ago that he's willing to bite this off in different portions with a phase i, a phase ii, and maybe a phase iii. the question remains, what is in each one of these phases and whether china does, in fact, sign on. because even with that announcement in october, china never said there was a deal. >> but it is a big one and we a

kayla tausche joins us from washington so kayla, what's the timeline? >> i'm sorry i don't have a telestrator to illustrate this for you, contessa, but president trump himself announcing that january 15th is the date he will sign the phase i trade deal. in a tweet this morning, the president says high-level representatives of china will be present and that he'll go to beijing at a later date for further talks. that date puts the signing one week after congress returns from recess, facing a continued standoff between the house and senate on impeachment proceedings. yesterday, here on the "closing bell," i reported that the white house wanted to present a contrast to that side show in the words of one source, and it appears that the president with that date is doing just that guys >> kayla, thank you very much. so i didn't know this, but there's a great-looking whiskey bar there very close to the bureau i was not aware. >> everything in washington is relatively close but you can always find a good whiskey bar nearby >> there we go good to hear kayla, than

kayla tausche is live following all the twists and turns >> after a suspenseful 24 hour, democrats in the white house reached a revised deal on usmca that will see the three countries assigned and the full house vote next week on the ground inspectors will report back. and the deal remove as 10 year period of exclusivity announcing generic competition sooner this is less than an hour after nancy pelosi announced two articles of impeachment against the president. pelosi asked why support his deal >> i would say that we came a long way we fr what he originally proposed, what he originally proposed. tland are some people who said why make it looks like he has a victory. well, we are declaring victory for the american worker and what is in this agreement but he would never not any one of us is important enough is for us to hold up a phratrade agree that is important for american workers because of any of collateral benefit that might accrue to any one of us. >> the international trade commitment estimated a deal would ahead a third of a percent to gdp >> and what can you tell us on the ta

let's bring in kayla to explain these numbers a bit more you have some insight. >> the total $200 billion in purchases that would take place over a two-year period but here is how the administration gets to that 40 to 50 billion dollar number on ag they are using the baseline of $24 billion from 2017. that was the level of purchases china made that they are assuming that china will continue to buy at that level. they are also today announcing an additional $16 billion a year for the next two years in additional purchases then they said china will make its best efforts to buy an additional 5 to 10 billion dollars per year you have in that equation right there not only $40 billion in total purchases per year for the next two years but also if you do the math of the 16 billion dollar for two years, that's 32 billion plus five to ten billion in daadditional purchases then o get over $40 billion total spread over that two year period it's a little murky but they are still assuming that china will not only hit that $24 billion for 2017 but also do 16 or $20 billion on top of that >> th >> i asi

let's get to kayla tausche what are you finding out >> reporter: three source confirming reports of al in principle between the u.s. and china. of course, this deal was reached among negotiators and still awaiting the sign off of the president of the united states one source who is close to talks said president trump has been trying to drive up the amount that china committed to agricultural purchases remember back in october he said china would be purchasing $40 to $50 billion in u.s. agricultural products that number moved closer to $40 million with the chinese saying highest they ever purchased in the past was $26 billion and president trump has been focused on that number and wanted that to come higher we'll see what gets decided in the oval office. when i reached out to the white house they said a deal in principle had been reached in october but the problem was the chinese hadn't signed on to that deal we never saw an official release from the chinese side that they agreed the to what president trump announced. in the intervening months they've been haggling which tariffs would

kayla tausche joins us as 2019 comes to a close >> reporter: china and the u.s.th a legal review of the 86 pages of the text ongoing. china publicly is adhering to the pledges. china will honor its commitments that it made to the u.s. the commerce ministry said it's proactively dealt with the trade deals. they have two new permits for products by corteva formerly part of dow dupont that stock is up 12% in the last month. despite the positive moves, there are still flashpoints that exist. upcoming elections in taiwan on january 11st and demonstrations in hong kong on new year's dave could invite more tension. even so he, president trump said last week he and president xi could still sign the deal themselves although china has yet to confirm that. wilf >> kayla, could things stay the way they are and still be considered phase one is done even without anything formally being signed >> reporter: it really depends, wilf there is this text that has been negotiated and it has been agreed to in principle what happens to that 86 pages of text on all of these issues that h

let's kick things off with kayla. >> reporter: here on capitol hill we are awaiting a vote on the usmca, the new nafta replacement. it's been a moving target throughout the afternoon, within the hour we expect that to pass with broad bipartisan support. a significant policy victory for the trump administration and also a deal that will set a precedent for almost every trade deal that the u.s. does going forward. take for instance the china deal pieces of usmca are already word-for-word appearing in that deal which the treasury secretary earlier on cnbc said it's fully written and translating and very close to being signed >> i'm very confident, so it's just going through what i would consider to be a technical legal scrub, and we'll be releasing the document and signing it in the beginning of january >> reporter: china in return has been removing some tariff barriers on chemical, oil and gas products so we'll see if this is a new phase of relations between the u.s. and china as the administration de-escalates things going into the election >> are there any examples you can give us of so

. >> did she go by the name kayla?. >> she told me kayla. >> reporter: detective trapp presented him with photographs. he identified all four women. >> so, her? her? her? right? >> reporter: each murder went the same way, he said. he and cano picked them up in the suv, drove them back to the auto body shop where gordon worked. they took turns having their way. then, just as each woman prepared to leave -- >> i strangled her with my hands. >> you strangled her? >> some of the details in the 13-hour interview were almost more than even a seasoned detective could stand to hear. >> as he was hurting martha, she told him, "i didn't believe in god, but i do now." there is a part of me that's grateful that she found god at the end. it's disturbing to me that in response, he said, "you picked a hell of a time to start believing in god." i'll never forget that. >> reporter: but she had it, a full confession. she called jarrae's mother, jodi. >> i dropped to my knees. detective trapp gave me her word that she would find who kill

. >> does she go by the name kayla? >> it starts with a "k," kianna. >> no. she told me her name was kayla. >> reporter: detective trapp presented him with photographs. he identified all four women. >> so her, her, her, right? >> reporter: each murder went the same way, he said. he and cano picked them up in his suv, drove them back to the auto body shop where gordon worked. they took turns having their way, and then just as each woman prepared to leave -- >> strangled them with my hands. >> you strangled her? >> reporter: some of the details in that 13-hour interview were almost more than even a seasoned detective could stand to hear. >> as he was hurting martha, she told him, i didn't believe in god, but i do now. there is a part of me that's grateful that she found god at the end. it's disturbing to me that in response, he said, you picked a hell of a time to start believing in god. i'll never forget that. >> reporter: but she had it, a full confession. she called jarrae's mother, jodi. >> i dropped to my knees. detective trapp gave me her word that she wo

bob pisani on the floor of the exchange kayla tausche has the latest on china trade headlines. and mike santoli has his market dashboard. let's kick things off with bob here at the exchange >> hello, wilf happy new year, everybody. a down day, but not much of a down day take a look. we were at our lows right after the open around 10:00 a.m. eastern time and met with some buying interests still down on the day. but i think josh is right. don't worry about the tax loss selling, we have simple oversold conditions that are being worked off, that's good for the market. look at the stocks, the dow, for example, have had great gains this quarter they're the weaker ones. procter has been great jpmorgan has been great. caterpillar has been great johnson & johnson has had a pretty decent run. they're all down about 1% or a little bit less than that. tax loss selling, maybe in some of the energy stocks, but look at some of the big drilling names, they're absolutely right, all up on the day. back to you. >> thank you, bob. the nasdaq is on pace for its second straight session in the red af

we know you'll bring them to us, kayla. thank you. china is just one front in the trade battle the trump administration also says it is considering new tariffs on french luxury goods and that it all has to do with the country's digital tax. deirdre bosa has those details in san francisco for us. hey, deirdre >> reporter: morgan, tech once again caught in the trade crosshairs the trump administration announcing it is targeting $2.4 billion in french goods with new tariffs. this in retaliation for the country's digital services tax that would hit the largest american tech companies and platforms. president trump admits that he's not the biggest fan of these companies, but says it's not europe's place to tax them >> they're american companies and we want to tax american companies, that's important. we want to tax them. they're not for somebody else to tax. >> he also called the european union, quote, friends of ours, and said, i'm sure we can work something out. but if they're unable to reach an agreement, retaliatory tariffs could be as

. >> does she go by the name kayla? a "k," kianna. >> no, she told me her name was kayla. >> reporter: detective trapp presented him with photographs. he identified all four women. >> so her, her, her, right? >> reporter: each murder went the same way, he said. he and cano picked them up in his suv, drove them back to the auto body shop where gordon worked. they took turns having their way. and then, just as each woman prepared to leave -- >> i strangled her with my hands. >> you strangled her? >> reporter: some of the details in that 13-hour interview were almost more than even a seasoned detective could stand to hear. >> as he was hurting martha, she told him, "i didn't believe in god, but i do now." there is a part of me that's grateful that she found god at the end. it's disturbing to me that in response he said, "you picked a hell of a time to start believing in god." i'll never forget that. >> reporter: but she had it, a full confession. she called jarrae's mother, jodi. >> i dropped to my knees. detective trapp g

we'll see what happens in the intervening weeks. >> kayla, thank youfor that.e first phase of this trade deal and what it means in the business. joining us is somebody who is impacted by all of this. the chairman and ceo of snap-on is nick pinchuk. >> thanks for being here. >> pleasure to be here >> what's your take away thus far? >> well, i think it's positive it's kind of like a commercial deal it progressed like some of us expected october 1st the celebration was over october 11th the president announced there was a phase one. took a couple of months to do the deal and it seems encouraging. national association of manufacturers says positive things about it. >> there are these elements that seem to still have a question mark next to them. >> sure. >> i'm thinking this agricultural buy. >> yes. >> $50 billion is it $50 billion. >> it was 24 billion last year. >> does it happen at all, right? >> that's true. >> these are sort of real questions and my question to you is how does that impact business >> well, i think there's a couple of things i think one is the

deal ay, while the china deal appears on for a signing in january for "nightly business report," i'm kayla tausche in washington. >> after sng a bit, housing is once again being called by some t hottest sector within the u.s. onomy. the nation home builder that appeared to be holding the way. here is diana olick. >> sentiment jumped to the highest level in years on the home builders' index. it's up dramatically just from last year. why? builders point squarely to the severe shortage as well as to high housing demand and improving economies. chief economist rob diest noted builders are inunderbui due to aack of labor and land and increased cost. when youee that compare sentiment with actual housing starts. sentiment is way up. starts, not as much, despite the hct that builders are seeing muchher salesonditions and buyer traffic. stocks for the big names like menard weren't up as high as you expect today bause interest rates are moving higher. no matter howhe greatuilders feel, mortgage rates will always have the llat h. i'm diana olick in washington. of today's upgrades and t some downgrade

kayla taus has more from washington. >> reporter: as president trump and french president mac discussedato turkey and isis new tariffs prepared by the u.s. hitting back for the 3% tax on large u.s. tech giants. ump saying the french shouldn't havehe right. >> the american companies the tech companies they're not my favorite people because they're t exactly for me. bau but that's okay they're american companie t we wan talk american companies. >> trump left the door open to work out a deal with france before the taxes on french luxury goods goes for a effec in january. but it's a window to larger trade troubles between u.s. and europe where talks stalled and bargaining chips are true efew. this is the second round of tariffs hitting france in two months after the subsidies of airbus subsidies. and before the chinese goods tafrps could be hit if that phase one deal doesn't come to fruition. tresident trump said it might night pop adminion officials have been loathe to late theed trade war on multiple friends. bufrufrp wants wins and results to show american voters. to get those he turnp t

partisan fight, lawmakers on capitol hill have been able to get a lot of other work done recently kayla more on this what kind of work, kayla >> reporter: it's because of impeachment, not despite impeachment, that law mashes have been moving at an uncharacteristically swift pace to push through a frenzy of legislation from a bill to lower drug prices to a set of spending bills totaling $1.4 trillion that carry a host of both parties' priorities and not to mention the usmca trade deal on tap for a house vote tomorrow. roughly three dozen moderate democrats are backing impeachment, despite their constituents not supporting it speaker pelosi is set to arm these lawmakers with a laundry list of reasons to tout back home several did that in a letter to senate majority leader mitch mcconnell. we are proud to submit a completed usmca to your desk for a vote along with the hundreds of other bills we have passed and sent to the senate that you have not brought up this year. the house has done its job it will be on the housenate to s it it is the president's signature trade deal i've heard congre

mike santoli is kicking off his market dashboard with a look at google's c sweep changes kayla, first to you on trade. >> morgan,what a difference between today and yesterday. exemplary of how quickly the outlook on trade can change. yesterday president trump was pessimistic about a pre-election deal today everything is fine stopped providing readouts of calls between principles secretary of agriculture sonny purdue said it remains to be seen whether the two side also hold a call before the deadline. china has been buying soy beans from argentina instead of the u.s. and tariffs on those countries are a result of that soy bean suppliers and signing a bill backing hong kong demonstrators, lawmakers want an audit of china's business scoring system that may penalize u.s. companies doing business there. all of this is ramping up pressure to try to get china to cave by the 15th, wilf we'll see how this all shakes out. >> kayla, we certainly will. otherwise the market reacting positively today up .8% two days away from friday's key job number one metric out this morning raised red flags stev

for "nightly business report" i'm kayla tausche in ♪ ♪ >>> the chise have agreed to a phase 1 trade dealthe u.s. at a late night friday press briefing in beijing senior members ochina's negotiating team said that reaching a deal wouldenefit chin the u.s. and the world. the key highlight was that thei e did not commit to a u.s. goods.gure for purchases of which was a key demand of the trump administration. instead they said china would buy more goods without a doubt but based on market needs. other interesting points, the chinese said the u.s. agreed to keep its promise to cancel tariffs step by step. some existing levies anduture ones. and the ministers stressed both sides made compromises andit conts to have the deal appear unequal in the china.pp itrs police department of work left to do. today finalize and take other steps before deciding when and where signing the deal. forbu "nightlness report," eunice yuan in beiging. >> michael farr jns us to talk re about trade and the markets. he is the president and ceo farr miller in washington. >> g wat to beh you. >> does this deal get you i

well let's take a closer look at this with france's kayla's he's a senior research at the bus lane a center for international affairs and he joins us now from barcelona france's let's start with the tell out the election commission put it at just 33 percent 2 hours before polls closed so millions really voted for another process here by refusing to cast ballots. well the 1st thing one must say is that nobody has any idea of what the real figure of algerians implied put to vote is officially it's 24000000 but there's been no independent assessment secondly of the electoral roll was updated in the last few months but we have no idea whether all those are all jurors entitle to vote have had their names put on or more on the electoral roll thirdly it was announced a few days ago that anybody could turn up in a polling station and with his identity card and if its name happened to be on the list he could vote this is the 1st point the 2nd point is that a number of people have been voting are very funny people in algiers you had queues of younger people who were in their twenty's no older

kayla garrett cole reportedly the richest contract ever for a pitcher.washington set the record resigning pitcher steven strasburg for a mere $245 million. peanuts. cole hinted he would move on from the astros when he was wearing his agent's cap just minutes after losing the world series >> i'm going to have some friends from this clubhouse for the rest of my life. >> reporter: the 29-year-old could be making about $1 million a game. >> i'm very excited. i think this puts him over the edge as a world series favorite. >> reporter: cole grew up a yankees fan. here he is wearing the jersey 20 years ago and it appears he'll be pricier in pinstripes. >> all that and a job he loves pretty good. "nightly news. i'm lester holt. good night, everyone ars ago and it appea >>> right now at 6:00, serious charges against a bay area deputy. what he's accused of doing to marine youth group that he mentored. >>> plus fighting back and winning. the community in contra costa that is pushing a marijuana grow operation out of its neighborhood. >>> but first, it is back. take

but let's kick things off with kayla in d.c >> what we know about this phase i deal, it's 86 pages. they're keeping it in a leatherbound book at the white house. it outlines properties on currency on which both countries will abide china will be purchasing $200 billion in new u.s. goods, including up to $50 billion in agricultural goods, as we first reported on cnbc those agricultural purchases would be spread over two years, but would be on top of a base line $24 billion that the administration is operating around the new tariffs will be on hold as long as the two sides are abiding by the agreement and continuing these negotiations. but no additional tariff rollbacks are scheduled. beyond the cut to the september 2019 round that the president announced today. ambassador bob lighthizer has been leading trade negotiations for the u.s. he told reporters today that he expects the ministers, not the leaders of the two countries, to sign the deal the first week of january in washington. it would take effect 30 days after that i asked lighthizer what happened over the last two months afte

that the united states just you know a little while ago bombed italy province itself in order to kill kayla baghdadi who had taken refuge there with some of his men many isis people had fled into the region so you were all opinion maybe less. maybe divided over this region and this you know the world is really not looking turkey has closed the border and even though it is waving its arms at this and asking to international community to do something about it it's very unlikely that there will be anything done. the chief prosecutor of the international criminal court is pushing for an investigation into alleged war crimes in the palestinian territory she wants it to happen once the i.c.c. establishes its jurisdiction both israelis and palestinians could have charges filed against them the u.s. opposes an inquiry that it says unfairly targets israel leader abraham reports from ramallah it's one of the alleged war crimes the international criminal court me investigate the targeted killing of unarmed protesters along gaza's border fence with israel chief prosecutor fatah been sued the says she's

. >> reporter: kayla de guzman photographed this fleece pullover and then posted it on patagonia's "wornite at pss than half the original price. what's the discount? >> probably 50% off what somebody would have paid at the store. >> reporter: andy ruben created yerdle when he saw the secondary clothing market growing 20 times faster than the new clothing one. t new study finds 48% of people meve considered giving a used item. ve%, even more, say they'd welcome one. almost 20% of what's in here is sold the same day it's listed. and the dramatic increase in atles over the past couple weeks tells them these are holiday ourchases, destined for under the tree. >> hello, dear friends. >> reporter: jayme sy is a social media influencer who posts videos on thrifting at places like goodwill. how would you feel about getting stsecondhand gift? >> send them all to me. i rarely ever buy fast fashion items because of the fact that ems so terrible for the environment, and it's way more unique to have secondhand items. >> reporter: the shift in behavior led by millennials like jayme, and the struggling

is behind bars, being held on $150,000 bond, charged with capital murder, in the death of sergeant kaylaullivan. he fought off sullivan during a traffic stop and hit her with his car as he drove away. henderson was found after a day and a half on the run. the boston marathon bomber is pushing to overturn his death sentence. lawyers for dzokhar tsarnaev argue he didn't have a fair trial in part because it was held in boston. they claim two of the jurors show clear bias on social media. three people were killed, 300 injured in the 2013 marathon bombing attack. his brother was killed by police. as donald from pushes for the border wall, to put construction in jeopardy. the pentagon launching a probe into the $400 million contract that was just awarded one north dakota company. todd pyro live in the studio is democrats claim it may have been political. >> home and security committee chair been a thompson to look at inappropriate influence on the court decision to issue standing gravel. in signaling an upcoming audit the pentagon watchdog says it will look into the contract to ensure the bid