for "nightly businesseport", i'm kayla tausche in washington. >>> a big story for the market tomorrowl be the justice department broad antitrust review into big tech tohe determineer it is stifling competition. he announcement was made late toda the review is focused on international search, social media and retail services, and it pressured the stocks of facebook, amazon, google in initial after hours trading. ylan mui is t coverin story for us from washington. what are the implications here? >> reporter: -- horizonclouds on the for big tech. washington. thanks. >>> but it wasn't just trade that lifted investor sentiment but stronger-than-expected earnings as well. take coke. the dow component raid its revenue thanks to sale of its name sake soda, making it the best performing stock on the blew chip index. sara eisen digs in. >> coca-cola surprised wall street with more growth. 6% organic revenue growth, thet strongest has been in a while, and it was built on a healthy mix of higher volum and tier pricing. coca-cola saw strength aroundwo the d, especially in emerging markets, and in

kayla tausche has the details. >> reporter: in the biggest payout for a data breach yet, equifax will pay regulators, states and consumers up to $700 million in fines and reimbur reimbursements after account and financial information for 147 million consumers were exposed. under the terms of the deal, equifax will pay $100 million to the consumer financial protectionbureau $175 million to state attorneys general and up to $125 million in customer payouts for the time and money spent monitoring their credit to make sure their information wasn't being sold. estimating how much those grievances cost is more art than science, accding to the federal trade commission's privacy chief. >> it'o very difficult tell because it's very difficult to ce of a particular incid identity threat back to a particular threat. >> please repeat after me. >> reporter: on capol hill in march, the ceo who took the job after the breach expressed remorse. >> there were controls in place. they clearly weren't strong enough. >> reporter: today he said the controls are stronger but the industry i on alert. >> we get

we have two reports on trade starting with kayla tausche in washington. >> reporter: after a six-week standoff, president trump and president xi brokered afi ceas in 80 minutes. trump agreed to relax a ban on huawei in exchange for ina's buying more farm goods and there will be no new taceffs. the t has no deadline, which means present trump cannd it whenever talks fall through or keep it going, telling reporters he's in no rush. >> so we're making a deal with china, or we're attempting. if we don't, we have a tremendous ripe field of tremendous moneyld that we coming into our country. i'm not rushed. i told him that i want to get the deal right. >> reporter: multi national companies are relieved tensions have eased but have more questions than answers about what comes next. >> what's the timeline for these honegotiations. serious are both sides at coming to a resolution? what happens if they can't reace an ant on these issues because that $300 billion list of tariffs is otill looming there, it's just put on hold for the moment. >> reporter: the issues that sank talksst in may arl out

kayla tausche has more on that. >> reporter: president trump is considering replacing commerce secretaryilbur ross. according to multiple aides and outside advisers. commerce department oversees the census wasau and the described by multiple sources as the last major item on ross's to-do list. secretary ross and presidenttr p have a long-standing friendship. one reason ross has avoided thed prt's firing line before. but in his 2 1/2 years running the agency the president has been frustrate by ross's negative press on his finanal disclosures and comments about federal workers' financial issues during the government sh down. trump also nixed two deals ross tried to reach with anina. just last week publicly another one'sf roolicy suggestions, putting tariffs on uranium imports. treasury secretary s mnuchin told reporters ross had played a key role on trade. >> i have no reason to think secretary ross is -- doing a good job. i've never heard anything otherwise. >> reporter: a representative says ross's work continues and he has shifted the department into a new era. it's unclear who w to rep

for "nightly business report" i'm kayla tausche in washington. >>> delta is seeing tail wind.eree begin tonight's market focus. the airline raised its 2019 profit outlook. they posted record revenue and raised its dividend and unlike its competitor it does not operate the boeing 737 max. >> we do not fly the max, and clearly there was a benefit for the airline in the quarter. i don't think there was a significant benefit. certainly it is not explaining the result we are seeing. onyou know, i know when the plane is going to come back. as we've seen, it has takenha longer any of us expected to see it return to service. is not going to be in place for the third quarter, maybe sometime into the fourth quarter. we don't have a crystal ball on at. >> the stock rose more than 1%t 60.16. t-mobile and sprint are reportedly expected to extend ul their29th deadline for their $26 billion the "wall street journal" reports both wireless carriers discuss i ownershipues related to dish network. it would be the second deadline t-mobile shares dropped a fraction to 78.26. sprint shares fell nea

kayla tausche.et's trade it, guys let's start with him seemingly lowering expectations on a trade deal with china. is that already in stock prices or is there a way to trade what he said there, casting a little bit of doubt that anything was imminent >> first of all, tyler, welcome to the program on friday. >> great to be here. thank you. >> you almost get the sense that the president oscillates between market is in a good enough place where he can take the political advantage of going hard on an agenda that politically is very, very popular what is interesting is to hear the whole dynamic about the dollar we are near almost two-year highs on the dollar. if you think about every other central bank around the world -- again, he started talking about those banks. who do you think they're following? they're following the federal reserve in terms of monetary policy globally set by the u.s. is making the dollar stronger. >> so the dollar is getting stronger, but come back to the china question for a minu

. >> jack ablin and patrick chovenec >>> kayla tausche coming up but first the latest on congress' rush to raise the debt ceiling ahead of the summer recess >> well, steven mnuchin and nancy pelosi are scheduled to speak on the phone sometime today on the path forward for the debt ceiling the two spent about 12 minutes on the phone over the weekend and then pelosi publicly issued her position in this letter. she said in addition to the debt limit they must also reach an agreement on spending priorities based upon the principle of parity that's equal amounts for defense and nondefense spending. now, congress is short on time to strike a deal, treasury is warning that it could run out of cash at the beginning of september and that's because corporate tax receipts have been coming in much more lower than expected they've been very volatile so lawmakers are realizing that this means that they will need to vote on something before they leave for summer recess which begins in just about two weeks, tyler, nobody wants to miss their summer vacation. >> absolutely not. it gives them a deadline y

. >> kayla tausche joins us from washington with fresh details on the feisty white house meeting kayla, fill us in. what mr. kudlow said feels like distinction with little difference >> reporter: the meeting was focused on currency and debate over whether to devalue the dollar a presentation by peter navarro in the administration. among the proposals he put forth were capital controls to weaken the dollar and potentially active job owning by u.s. officials to drive the dollar lower. the outcome of the meeting as kudlow confirmed was not to do anything not to have a concerted currency policy change at this point. even so, one official said it was president trump who shut navarro down another said it was thomas phillipson among the chorus of every other official in the room, kudlow and steve mnuchin and lighthizer and moore they signalled they would be open to a softer dollar policy kudlow changed his stance and secretary mnuchin where he said on "squawk box" i will not advocate a weaker dollar policy during my time near-term as treasury secretary that being said, we know the president i

kayla tausche joins us now with some of the biggest headlines. >> was a battle not just for the 2020ination but the direction of the democratic party. from the opening moments of a nearly three-hour debate it was clear some rapid fire questioning on a handful of topics would pit moderates in the party against the ultra progressi ivives like bernie sas and elizabeth warren who were defending their position for free college and free healthcare >> keeps working great for the insurance companies and the drug companies. what it's going to take is real colonel to fight back against them these insurance companies do not have a god given right to make $23 billion in profits >> the answer is to get rid of the profiteering of the drug companies and the insurance companies and move to medicare for all. >> corporate america found themselves targets of the ten candidates up on the stage but sanders and warren repeatedly had to defend their positions against terms like fairytale and wish list economics that many other candidates used to describe those policies here's one notable exchange between w

melissa. >> thank you kayla tausche in washington with the latest on the u.s.hina trade talks. >> now over to mike santoli for trading nation mike >> scott, thank you very much. more bad news for boeing after it reported a sharp drop in first half deliveries. but the stock is proving resilience, recovering from earlier losses to move slightly higher on the day. is the worst over for boeing todd gordon and steve chevron of federated investors, our trading nation today todd, a long kind of sideways period for boeing shares does it retain the benefit of the doubt at this point, do you think, or not? . it's hanging on by a thread. before we go into boeing, let's look at the xli, the industrial. boeing happens to be the largest holding in xli we have some concern here. xli barely holding on to the 2en-day moving arg xli, into the s&p, that is declining indicating industrials are significantly underperforming and being that boeing is the largest holding, that's problematic looking at boeing specifically, there is hope. without getting too much into the math here, if

threat kayla tausche, cnbc business news, the pentagon. >>> right now at 5:00, answers in the murderf a transgender woman. i'm erika gone les. >> and i'm pat lawson muse. the breaking news out of george's county. one man arrested. how police linked him to the case and why they din not thk he's involved in anoer transgender murder case. >>> plus hot, hot, hot. the coeitions over the n few days are not only going to be dangerous, th arehe goi nextng couple of days. >>> and with that being said the national weather service has alreadyssd a heat advisory tomorrow from 11:00 a.m. to 9:00 p.m. and the heat fills into the weekend. i'll break down'sow hot i going to feel in my forecast. >>> and we begin with a big break in the murder of a transgender woman in maryland. >> investigators say the key to tracking down the killer was a unique paint job on the suspect's car. >> zoe spears gunned down just over a month ago near eastern avenue along the prince george's and d.c. line. pe news 4's derrickard wpolice capture the sust. derrick? >> reporter: indeed. it was just a little old detective wor

let's get down to kayla tausche in washington, who's with the director of the consumer financial protectionureau. hey, kayla >> hey, carl and thanks to director kranger for joining us, one of the principles who negotiated this nearly $700 million settlement thank you for being here >> thank for having me >> talk a little bit about the dollars and cents of how this figure was arrived at, specifically the $300 million consumer relief fund >> so first, i'll say thatthis settlement was a joint partnership with the federal trade commission, with the 50 states and territories that worked with us, and any negotiation of this kind really is based on the facts and circumstances of the situation we looked at, again, the number of consumers affected, talking about 147 million americans, nearly half of all adults. and so understanding the number of those individuals who would seek, would seek relief through the fund for credit monitoring and the cost of that, as well as the individuals who may be affected by identity theft and thinking about the claims. the fund also includes time spent on dealing with

that's where they're focused in the near-term. >> kayla tausche, thank you for joining us and bringingof ipos opening today. free fresia opening, up about 47, almost 48% and you have asset mark up, priced above the range of 19 to 21 so a busy thursday morning s&p flirting with the red and the green, but the dow is down 58 when we come back, early netflix investor paul holland on that subscriber miss and more "squawk alley" starts in a moment prevagen is the number one pharmacist recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. don't miss your gto experience our most advanced safety technology on a full line of vehicles. now, at the lexus golden opportunity sales event. lease the 2019 es 350 for $379 a month, for 36 months, and we'll make your first month's payment. experience amazing. - when i see obstacles, i create opportunities. (soft music) - when i see adversity, i find a way. - when i hear never, i say now. - [announcer] southern new hampshire university is education made to fit your goals with ov

first, let's get to kayla tausche in detroit, michigan kayla. >> hey, melissa. the stakes are high to create one of those big moments this week because about half of the candidates will see this week be their last time appearing on a debate stage this cycle. while it's still early in the sighal, it's more about performance than policy, but even so, candidates are trying to flesh out some of their proposals to give them more talking points tonight and tomorrow elizabeth warren wanting to revamp the way the u.s. negotiates trade deals kamala harris putting her spin on medicare for all, and pete buttigieg wobbling to double union membership by including workers in the gig economy voters have high expectations for the candidates that are already the front-runners. joe biden, the former environment, is the one who is currently expected to have the best performance here in detroit. followed by kamala harris and then elizabeth warren and bernie sanders. and that is even though kamala harris' boost in the polls from the last debate has already faded. now, harris, biden,

kayla tausche has been all over the story. e's in washington on the difficult road ahead of negotiations kayla, the big topic today is, yes, a truce is nice, but how do you actually get a deal from here >> that's the work, deirdre, that's being done behind the scenes right now president trump says the negotiations with north korea will take place at the staff level at the next two to three weeks to see to what extent pyongyang is willing to denuclearize on china, trump says he's in no rush and that the issues are intricate, but he's facing immediate backlash on his decision to grant a reprieve to huawei in order to strike a truce. at least three republican senators slamming the decision and one, florida senator, marco rubio, suggesting he'll introduce legislation to reverse it that may get a veto-proof majority in the senate white house economic adviser larry kudlow was on full court press yesterday to drum up support for the move, telling fox news, it was not a policy of general amnesty, and telling cbs that president trump wo

kayla tausche with the details. >> the french government aproved a 3% tax on companies thatmake more than 25 million euros there, 30 companies qualify, including google, facebook, amazon, apple, the companies for which the proposal is named. u.s. trade representative robert lighthizer says american companies are being targeted for being global leaders and usdr is looking into a response that could include new tariffs. now the deal was defended by the french finance minister today and still must be signed by french president emmanuel macron president trump spoke with macron by phone on monday but the official white house read out said the two only discussed iran back to you. >> thank you sara, my favorite of the shorthands are it's the one, seriously, when they take all of the vowels out of it. >> not really an acronym. >> you're right. but it's a social media -- seriously. >> you only get a certain number of twitter characters. >> anyway. >> i like the in case you missed it one. >> that's a good one. >> you know who knows all of these, tech expert josh lipton has the latest on micros

we have full team coverage kayla tausche is in detroit for the main event but let's begin.e in the mot motor city >> for half of those 20 candidates this is the last time they will appear on a debate stage. look for them to capture those moments and poll boosts that come with it tonight expect bernie sanders and elizabeth warren to break out and come under attack from amy klobuchar and pete buttigieg as what they see as a far-left agenda of the democratic party buttigieg and klobuchar just put out economic proposals tomorrow night candidates will chip away at the support of kamala harris and joe biden. the front-runners who have commanded the most wall street cash so far and who would go toe to toe on healthcare they just put out health care proposals in the last week biden doubled down on the affordable care act. he said he would expand the aca. harris says she would put forward medicare-like plans offered by private insurers, but that customers out of pock ket co pocket costs would be capped at $200 a year. who would pay for that likely a tax raise on wealthy individuals

kayla tausche is in washington with more on what's ahead for both sides >> the most anticipated truce in osaka created a long to-do list for washington and beijing, including revisiting unfinished business from may that killed negotiations back then president trump said the u.s. will sign china a list of products to buy. china's deal announcement left this part off, but president trump said it will happen immediately. second, wilbur ross says licenses will be granted to u.s. businesses to sell parts to huawei as soon as this week. and third, negotiators will schedule teleconference and in person talks to pick up where they left off in may treasury secretary steven mnuchin has said there's 10% of the deal left, but the part china backtracked on, the legal enforcement, underpins the entirety of this deal, and it is a make or break part of it and the u.s. will need to get china back on that track finally, the administration needs to sell lawmakers in both parties on what was brokered in japan. several republican senators have come out against the huawei reprieve senator marco rubio even

kayla tausche has the details. >> the u.s. trade representative is investigating possible retaliation that could include new tariffs against france for a digital service tax that the country's senate approved today despite this threat from the u.s. under the rule in france, companies with under $750 million euros of revenue, they would pay an extra 3% charge that means it would hit companies like amazon, apple, google, facebook, and more ambassador robert lighthizer says the move unfairly targets american companies that are, quote, global leaders. though the irony, that has led to scrutiny by regulators and lawmakers here in the u.s., too. even sew, the move is seen as a proportional response, earning praise from hawks and doves in the white house. and critics of tariffs in the past, like top republicans in trade in the senate and house. tech industry associations, and even the u.s. chamber of commerce now, principles on trade were supposed to have met at the white house earlier today to discuss this and china we are awaiting

of washington, as you see, moving up by a half or a little more of a percent each let's get to kayla tausche with the details. >> hi, tyler the market is moving on reports that u.s. negotiators will be departing washington on monday to go to beijing my sources tell me these in-person face-to-face talks are expected to take place in china at some point between the congressional recess, which begins friday, and a chinese holiday, which is set to take place on thursday, august 1st. remember, the top u.s. trade official, ambassador robert lighthizer wants to be meeting with members on capitol hill to talk up the usmca, he wants to get as much support as possible before lawmakers leave town for a month and so he personally, i'm told, has not wanted to leave washington until those conversations have wrapped up. that leaves just a window of a few days' time for these in-person talks to take place. they have been discussed for a long time, but the confirmation they will be departing on monday would certainly be welcome news for the market even so, i'm told by two sources who have met with principals

. >>> let's get to kayla tausche in washington with some breaking news this morning. >> carl, the departmentagriculture is unveiling the details of that $16 billion aid program first announced in may top agricultural officials told reporters the program would see $14.5 billion go to a market facilitation or a direct payment program to farmers that will cover a wide variety of crops. signups begin on monday, payments will begin next month and go through the fall and winter, if the trade situation hasn't resolved. the payments will be based on acreage products and the county where they're ocated there will also be a $1.4 billion fund to purchase certain excess crops as there was last year agricultural secretary sonny perdue said the program was entirely justifiable when asked about funding farmers hit by trade war versus businesses in other industries he also discounted the idea that farmers are getting overpaid, saying that academics who are calculating the cost of the trade war are not the ones struggling to pay the bills. he does believe china could still buy farm products at president trum

new uncertainty about any kind of a trade deal with china that happening in just the last hour kayla tausche is following it. >> as the president's top trade officials prepare to continue negotiations over the phone and possibly in person later this month, president trump was ambiguous when speaking to cabinet officials and reporters earlier today about where things stand. >> we're doing well with china we'll see whether or not -- we're talking to china about a deal we'll see what happens we're doing very well economically because they're paying us billions and billions and billions of dollars. >> u.s. customs data show the u.s. has received roughly 21 billion dollars in proceeds from tariffs. that's less than the $28 billion the administration is paying to farmers to offset retaliation, according to "the new york times. president trump said we'll see if china ends up making the large purchases of farm products he said china committed to at the g-20, a commitment that did not show up in any of china's statements since the events. brian, president trump saying that he is still willing to cons

kayla tausche is there and she has the highlights hi, kayla. >> good morning, becky in a debate thatderates against two progressive allies, bernie sanders and elizabeth warren, a common antagonist emerged in corporate america. >> these insurance companies do not have a god given right to make $23 billion in profits. >> under medicare for all, the hospitals will save substantial sums of money because they won't be spending a fortune doing billing and the other bureaucratic things that they have to do today second of all -- maybe you did that, and made money off of health care but our job is to run a nonprofit health care system. >> the nra has us in a choke hold and so do the pharmaceutical and the defense contractors and none of this will change until we either pass a constitutional amendment or pass legislation that establishes public funding for federal campaigns. >> there's some noticeable differences on the degree to which the government should be involved in the programs among the candidates but they agreed on things one, that campaign finance laws should be reformed and that ca

and kayla tausche has that >> they are familiar in what they said. the president saying china's economy is weak, that there may or may not be a deal, if there is not, no problem, no tariffs and china may end until buying some agricultural products >> they are supposed to be buying farm products, let's see whether or not they do o ag, great farmers. but out of the tariffs, i took $16 billion to make up for the shortfall. >> the white house has authorized $28 billion to offset the retaliation on the farm community. the "new york times" obtained data showing $21 billion in proceeds for the u.s. from tariffs so far but those are largely paid by u.s. importers >>> earnings season kicking into high gear as three more big banks report results and wilfred has the big takeaways from wells fargo, goldman sachsjpmorgan. >> so key theme is weaker net income than expected jpmorgan had to cut full year net year income guidance by # $0 $500 million stocks down biless th lesby les. wells fargo net income guidance also disappointed.million. stocks down by less than 1

'em stanafter now will know more and kayla tausche who record on trade for this administration -- look, i think the market went a little crazy with this concern about the statement he made about it's a mid cycle correction i think pretty clearly that if you read the statement, powell probably wants to do another one here i think and have always thought three is too many. the key is we're not headline dependent and not necessarily data dependent. >> steve, would this a bad conference from powell did he screw up just now >> i think that's a good question, wilf i would say there's a lot more skepticism on the part of the press corps about this move, and a lot more questions than normal i would also say i was very surprise surprised half of the panelists in the fed survey didn't think a rate cut is needed there's two things that go on. these are separate tracks. one is to sell graph to the markets what's coming. the other is to explain to the people who are watching the fed why it's coming. i think they did a great job tell graphs what was coming. the market got what it wanted. they did no

kayla tausche is watching that >> the former special counsel robert mueller gave a nine minute openingtatement where he reiterated his commitment not to veer from the text of his 448 page report, that commitment was reiterated in a letter from the department of justice. earlier this week. he also set some boundaries for his questioning today and said certain things are off limit, like the reason the fbi opened the russia investigation in the first place and that controversial dossier put together by former british spy christopher steel. that being said, he also committed to the legal bedrock of the report, this opinion from the office of the legal counsel that said a sitting president cannot be charged with a crime, he said that was his and the special counsel's office decision then back in march and it remains his decision today. but the democratic chair of the committee jerry nadler asked what happens once president trump leaves office. >> is it correct if you had concluded that the president committed the crime of obstruction you could not state that in your report or here today? >>

. >> kayla tausche and seema mody has united technologies and josh lipton has details on potential app de apple deal in the works and diana olick. kayla, let's start with you. >> wilf, they're expected to negotiate since the g20 with sources saying the talks will take place between the start of congressional recess this friday and china's august 1st holiday some reports say u.s. officials will leave monday. the talks are looking for compromise on two front, president trump wants china to buy agricultural products in exchange for relaxing the business ban for huawei. longer term the white house will dial back tariffs if china codifies this deal into law. now, recently white house officials have signaled even though president trump is inclined toward a deal, that latter item getting china to make this a law and legally binding could take several months and they're trying now to shift the focus of the conversation here in washington to the new nafta for the next couple of months, wilf >> kayla, thank you so much. either way it helped markets get to session highs in the final hour, just of

. >> back to you shortly let's drill down on the big stories we're watching today kayla tausche has the latest on the china trade truce. seema mody watching the movers here josh lipton covering the surge in chip stocks and bertha coombs with the biggest movers at the nasdaq brian sullivan in svienna today >> after an eventful weekend in asia, we now wait to see what china will buy and how much, which companies get the commerce department licenses to sell to huawei and when trump administration officials will travel back to beijing for talks as they were expected to do in may before negotiations broke down the office of the u.s. trade representative said there are no scheduling announcements at this time president trump said he's not in a rush this truce, unlike previous truces, has no deadline morgan >> kayla, thank you. the s&p hitting a record intraday high earlier in today's session on the back of the headlines. seem wa mody has more. >> the s&p still up about .4%. and 2954, that's the level to watch to see if we can close at a record what is working for the market, financials have o

expected to get under way in a half hour several of the executives are already here my colleague kayla tausche and i have confirmed some companies attending, qualcomm, micron, broadcom and intel that meeting is expected to be led by treasury secretary steven mnuchin and larry kudlow and the companies are concerned, of course, about the current restrictions on u.s. exports to huawei but more broadly they are concerned about how the white house's executive order might be interpreted. can they still participate in writing international standard for 5g is the question the companies will be asking today at the meeting back over to you >> ylan, thank you to boeing, the biggest drag on the dow after fitch raised a red flag phil has details in chicago. phil. >> sara, fitch has dropped the credit outlook for boeing from stable to negative and all of the concerns revolve around the 737 max including when will it return to service? could that get pushed back we should point out the credit rating they have for fitch remains "a." last week it was boeing that said they're going to be taking a $4.9 billion c

dollar of the let's get to kayla tausche for some reaction.rade and whether it represents any kind of new thinking on the part of the president, sort of tying the chinese position to the election, and also whether he contradicted larry kudlow who told us earlier on cnbc that the white house has ruled out intervention in the currency market. >> first on trade, sarah, the president didn't really give any back story to what was informing his comments that perhaps china wants to wait until after the election to do a trade deal. now, he has frequently used trade as a way to knock the 2020 democratic field, and he said that china would probably prefer to negotiate with another dope so that could be just a familiar refrain that the president is using there. it also could be based on conversations behind the scenes with u.s. officials and what they discussed with their chinese counterparts that's what we don't know ahead of the talks next week the white house a, and the president mentioned this right there, the shout across the bow today where the pre

time and that the relationship hadn't been probed by ethics exercise i know you talked to our kayla tauschewas a hit piece. i wanted to give you an opportunity to clarify what your role is with the administration, with the treasury, and whether there was any conflict there >> i think it's absurd the treasury reaches out to people in the professional community every single day i lecture on the chinese financial system at stanford and harvard and cal berkeley, and they reached out to me asking me about my china -- about the chinese financial system this was a piece that a political reporter spent many months trying to do something with the rnc chairman, and they foia'd all the meetings in treasury and found one it's really -- it's a joke >> you are, nonetheless, bearish still on other trades related to china, i think i'm right in saying are you increasingly bearish on hong kong given the protests of late >> yeah, i mean, look, when you look at -- i look at leverage. so, if you look at my history at what i've done, i found the overlevered portions of the u.s. housing market, and that's how we

mca to kayla tausche in washington for that >> the fed chair says trade worries may start to show ina two sources tell me the white house is planning to send the u.s., mexico, canada deal to the hill after september 1st, which would set up a vote on the new nafta by the end of the year the white house could send the bill up to congress as soon as this week to start that 90 day clock even as a working group of house democrats meets to work on a handful of issues th s they l have with the dell but a senior gop aid tells me there is a debate between the white house and the office of the u.s. trade representative over how aggressive a strategy to pursue here president trump's acting chief of staff mick mulvaney and vice president's chief of staff mark short are favoring pressuring democrats with a deadline so they can't run out the clock to an election year robert lighthizer said that strategy could back fire sources acknowledge there is some breathing room with regard to the timeline here with congress now expected to be in session in september to work out some of the lingering budget i

kayla tausche has more. >> the witness is being introduced, mueller is standing up to be sworn in afterons between the special counsel's office and the house judiciary and intelligence committees the swearing-in is the starting pistol of a marathon day of approximately five hours of questioning from 63 members of congress in the house. we just got about ten minutes of opening statements from the democratic chair of the committee and the republican ranking member who each borrowed from the text of mueller's report to reach different conclusions. democrat jerry nadler said that essentially that the president was not exonerated by the report and that the special counsel found that he did seek to use some of the russian efforts to potentially -- to his advantage. also that his -- the most damning of the findings in the report according to nadler was when he tried to fire the special counsel and then lied about it whereas collins the republican ranking member noted that the report found there was no collusion. i think this highlights the different goals of the two parties here you have democ

get to kayla tausche with the details and a big scoop overnight. morning, andrew president trump is again weighing replacing commerce secretary wilbur ross now that the legal battle to include a question about citizenship on the 2020 census is over. administration officials and outside white house advisers tell cnbc and nbc news the commerce department oversees the census bureau and finalizing the 2020 census was described by multiple sources at the last major item on ross' to-do list second ross traveled to wisconsin with president trump friday and the two have a long-standing friendship part of the reason ross avoided the president's firing line before, but in this two and a half years running commerce the president has been frustrated by ross' negotiations with china, questionable financial disclosures and insensitive comments an financial needs of federal workers that the secretary made here on "squawk box. it's unclear who would be tapped to replace ross. one name that came up ray washburn the texas developer and restaurateur who ran the overs