ambassador lighthizer continues to work in a very constructive way with democratic leadership on the hill. you continue to hear speaker pelosi say they are on a path to yes, and i believe we are close to getting it done. when we do get it done, it will not only be a win for the president, it will be a win for speaker pelosi and democrats on the hill. most importantly it will be a , win for american workers. host: when you see those protections, what is different in this agreement that did not exist in nafta? solve thehink it will outsourcing problem because you have labor standards and wage standards in mexico. the mexicans have committed to it. we saw recently last week, the mexicans put more money into labor enforcement than was originally part of the deal, which i think is exceptional, a show of good faith. that has been they hang up, really the two things that were standing in the way along the are, one, the labor enforcement provisions, two, the politics of it. we will get into that in a minute. i think the politics are in line to the fact that we have impeachment swirling aroun

lighthizer as well.ll be a frequent guest. >> hey, ed, it was a pleasure being able to answer some questions on this show. historically, that's been a problem. ed: well, it's good to have you on. we'll have you back. >> thank you. ed: in the meantime, colin kaepernick and the nfl at odds again this time over the details surrounding his workout in front of scouts in georgia. why was it moved at the last minute, and could with we see him play in the league again or is there a deep freeze for him? that is next. ♪ ♪ we're related to them? we're portuguese? i thought we were hungarian. can you tell me that story again? behind every question is a story waiting to be discovered. this holiday, start the journey with a dna kit from ancestry. that's ensure max protein,he journey with a dna kit with high protein and 1 gram sugar. it's a sit-up, banana! bend at the waist! i'm tryin'! keep it up. you'll get there. whoa-hoa-hoa! 30 grams of protein, and one gram of sugar. ensure max protein. mornings were made for bet

lighthizer -- this was a call, who was on the call?nyone from the navarro wing on the call no has lighthizer sided with the mnuchin wing i think there is tremendous momentum being created by the chinese. i think the president can declare victory. >> you've been talking about how important ag was to all of this. has that changed >> no, more focused on intellectual property. that's the olive branch. intellectual property this weekend was a surprise to the administration the intellectual property is considered to be one of the seven deadly sins that they got along with fentanyl, hacking, nothing on hacking, nothing on state sponsored, nothing on dumping, nothing on currency manipulation secretary mnuchin, very happy that they have given in. and that's a win and he's taking it and what you're hearing from the chinese is true. and that is a big change actually quite surprising. >> all right so then what happens to the market >> don't want to bet against the market i think -- >> you don't think it is a sell on news. you don't think they have

lou: robert lighthizer the u.s. trade representative with a great sense of humor. on wall street stocks hit record highs for the third straight day. it's incredible, that ties a number of record closes for all of 2018. the s. -- the s & p up 13 points. president trump earlier today summing up the markets strong performance. he tweeted this. new stock market regard again today. congratulations, u.s.a.! gold down half a percent, silver down half a percent. consumer spending, strong inventory investment driving stronger gdp growth. a reminder to listen to my reports three times a day coast to coast on the salem radio network. john bolton taking to twitter to issue a warning about america's national security. he said it probably goes without saying that our national security priorities is under attack from within. america is distracted. our enemies are not. a judge delaying the' decision on general michael flynn until after the horowitz report on fisa abuse. the report will be released december 9. the judge will determine then what the prosecutors do. let's turn to kt

trade representative robert lighthizer, and treasury secretary steven mnuchin.dfire that arrested overnight near los angeles has forced 7500 people to flee. -- blaze comes as as it tries to skirt u.s. sanctions that limit access to the global financial system. u.s. dollars and euro notes

would just say that ambassador lighthizer and his team at u.s. cr and the white house has been working and cooperating in very good faith with the democratic leadership on the hill. you know, there has been a very constructive dialogue over the course of the last really six months, in particularly the last few months. are meeting speaker pelosi and leadership more than halfway, so that is the reason we are as close as we are. we will see what the white house comes back with in terms of what they are willing to commit to on paper. it seems like we are close to getting this done. that will be a good thing for the american worker. let's hear what the president had to say yesterday. pres. trump: usmca is a great trade deal for farmers, manufacturers, all types, including union. it is sitting on nancy pelosi's desk. she seems incapable of moving it. she keeps saying she wants to get it done, but we're talking about many, many months, sitting on her desk, no vote. she does not to have -- she does not have to help with the democrats because they will vo

lou: today peter navarro, trade czar, said every day we talk to the chinese ambassador robert lighthizeroing a great job. the president said we are on a path to a phase one agreement. as the president said, i will wait as will you, gordon, i'm sure, for the president to speak on this. robert lighthizer made it clear that the white house is not going to get involved in the day-to-day nonsense discussing a trade deal that is not resolved. we are coming right back. any comments doug? yeah. only pay for what you need with liberty mutual. only pay for what you need with liberty mutual. con liberty mutual solo pagas lo que necesitas. only pay for what you need... only pay for what you need. liberty. liberty. liberty. liber♪y [♪] lou: adam schiff's sham impeachment extravaganza started, at least the public part, today. his two star witnesses sharing their hearsay and congressman jim jordan pressing him on his knowledge of the identity of the whistleblower. >> you are the on member who knows who that individual is and your staff is the on staff of any member of congress to talk with that individ

we won't know what ambassador lighthizer discussed almost a year ago will be set up wp, this when thenese' are punished. lou: the theft of intellectual property there will be is a discussion whether the chinese want the president to lift the tariffs. the question comes, do these tariffs remain? do the tariffs set to go into effect september 15? the president has more than once extolled the virtues of these tariffs. and i think he's exactly right. >> it's main source of leverage along with a black list. there are 29 chinese companies on the black list and pressure seems to work. lou: wilbur ross, the commerce secretary made it sounds like they are coming off it. >> they will be on the list, i think is what he said. but they will have waivers, where us companies can sell chips to them. but huawei will stay on the list forever. lou: it's complicated when you have a national security threat thoonlt certain companies can do business with. >> i think the president is focused on the leverage he has. besides the tariffs, our own economic growth is part of our leverage. the president keeps men

negotiator, liu he, speaking with treasury secretary steve mnuchin and trade representative robert lighthizerht. according to china's ministry of commerce in a statement, china says both sides discussed resolving core issues of common concern and reached consensus on how to resolve related problems ahead of a phase one trade agreement. in hong kong, chief executive carrie lam making her first weekly briefing since this past weekend's elections, appearing to offer no new concessions to protesters, despite the overwhelming pro-democracy electoral victory over the weekend there. >>> and fed chairman jay powell speaking yesterday evening in rhode island, signaling that interest rates are unlikely to rise any time soon and that the bank remains committed to its 2 porti2% inflation target >> monetary policy is now well positioned to support a strong labor market and return inflation decisively to our 2% inflation objective. at this point in this long expansion, i see the glass as much more than half full with the right policies, we can fill it even further, building on the gains so far and spreadin

peter navarro talked about a trade with robert lighthizer. >> my lighthizer rule is all negotiationshould be behind closed doors. we're on a glide path to a deal. >> a glide path to a deal. navarro would not say if a deal would come before the end of this year. until then, tariffs remain on goods, includie ining ag produc. president trump promised cash to u.s. formers before thanksgiving. on friday, the government says it would begin a second round of bailou bailouts for farmers this year. the farmers have been the collateral damage in the president's trade war. >>> are boeing's days of self-certification coming to an end? revealing comments from the head of the faa. >>> the head of the faa is considering an overhaul of their approval process after two crashes by boeing 737 maxes. he called on pilot reaction and human factors highlights new items from the ntsb. a list of rules from the faa, coming in at the end of the process to assess the design. the faa has been criticized for outsourcing much of the certification to planemakers themselv themselves. >>> syracuse university is suspe

if she would just send a signal to ambassador lighthizer and we would send that trade pack up and get a vote, i think it would pass overwhelmingly. and at least we would have something that we could claim that we are doing on behalf of our farmers, ranchers, and growers and everybody that is supported by the agriculture industry. madam president, i yield my time. the presiding officer: the senator from west virginia. mr. manchin: madam president, i come again to speak about what i think the inequities and the unfairness in the system that we have to american workers. american workers, businesses, and the economy are the envy of the world many we are in the united states and have been throughout the history of our country our citizens have believed that through hard work and dedication, they could achieve the american dream. unfortunately, that is not always the case, as we know. for millions of americans they worked hard, played by the rules and trusted the companies they worked for to keep their end of the bargain. that is the pension. these peg pensions are -- these pensions are mod

representative lighthizer made it clear he's focused on enforcement of any deal. does it seem to you that we are there? >> not yet. i try to be optimistic. i think the president is a master negotiator. but until he turns his attention to the final phase. we are not going to know if he's got the office in beijing opened up that's going to be where complaints are heard. we are not going to know if what ambassador lighthizer discussed a year ago will be set up. the appeals court process by which the chinese are punished, we say when, not if. i have a hunch it's not there yet. >> as we watch the cyber attacks continue, the theft intellectual property, as there is a discussion about whether the chinese want the president to lift the tariffs. the question becomes, do these tariffs remain? do the tariffs set to go on september 15, do they go into effect? the president has more than once extolled the virtues of these tariffs. i think he's exactly right, frankly. >> it's a main source of leverage. there are 29 chinese companies on the black list and the pressure seems to w

she says i just need to see what we discussed robert lighthizer in writing.ord is they are dancing around the edges. this thing is done. they are -- another reason why the market surged yesterday was rumors that we're getting closer and closer to a phase one deal with china. i know they are famous for switching at the last minute. having said that people in the know yesterday believed it. the stock market went up 190 points. steve: brian, don't you think nancy pelosi is not going to bring the usmca thing up for a vote until she has done what she is going to do for the president? whether it's impeachment orson sur. not going to do anything ledges laivelly until that is cleared. brian: i believe i have to see how many ledges laivel dates are left. i believe it will get done before 2019 is done. steve: usmca? brian: yeah. steve: wow. you are optimistic. brian: now it looks like impeachment goes over to nadler's desk, which is fascinating because doug collins knows nothing about it. he is going to say -- schiff is going to say here's my case. you take it because

lou: today peter navarro, trade czar, said every day we talk to the chinese ambassador robert lighthizerresident said we are on a path to a phase one agreement. as the president said, i will wait as will you, gordon, i'm sure, for the president to speak on this. robert lighthizer made it clear that the white house is not going to get involved in the day-to-day nonsense discussing a trade deal that is not resolved. we are coming right back. i've always loved seeing what's next. and i'm still going for my best, even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. so if there's a better treatment than warfarin, i'll go for that. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both. what's next? sharing my roots. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve

the chinese vice premier in discussions with steve mnuchin and lighthizer. and they talked about the central concerns for both sides. we know in the last few weeks they have been working on the details around things like agricultural purchases, commitments from china in terms of time frames and amounts and intellectual property, how to put that framework in place, what will satisfy the u.s. and the chinese side. make sure there is relief in terms of partial tariff rollback. we know those issues have been discussed the last few weeks. seems the discussion over the weekend may have move things forward a little bit. it also comes down to the fact that in the final stages, often they are the most contentious, and they are often where they break down. so that is the risk i guess looking at these trade talks. and of course president trump has not made it clear where he stands in terms of how much progress has been made. we heard from him earlier this month saying he could be willing to put substantial additional tariffs in place on china if they do not get a deal

lou: today peter navarro, trade czar, said every day we talk to the chinese ambassador robert lighthizerath to a phase one agreement. as the president said, i will wait as will you, gordon, i'm sure, for the president to speak on this. robert lighthizer made it clear that the white house is not going to get involved in the day-to-day nonsense discussing a trade deal that is not resolved. we are coming right back. ow glo. i'll get that later. dylan! but the one thing we could both agree on was getting geico to help with homeowners insurance. what? switching and saving was really easy! i love you! what? sweetie! hands off the glass. ugh!! call geico and see how easy saving on homeowners and condo insurance can be. i love her! ♪ do you recall, not long ago ♪ we would walk on the sidewalk ♪ ♪ all around the wind blows ♪ we would only hold on to let go ♪ ♪ blow a kiss into the sun ♪ we need someone to lean on ♪ blow a kiss into the sun ♪ we needed somebody to lean on ♪ ♪ ♪ ♪ all we need is someone to lean on ♪ (groans) hmph... (food grunting menacingly) when the food you love doesn't love you

>> i am bullish on the president and bob lighthizer.t them to their work. elizabeth: justing into if you are bullish about a deal. >> i am bullish period. >> all right. , factory jobs, you know we hear reports that president will tour apple facility in austin, texas, is that happening? >> i hope so, and it would be great if apple started building products here instead of offshore that would be a bilge boosbigboost, this manufacturing economy, as president said at the speech yesterday, you know biden administration down 200,000 manufacturing jobs, trump economy up 500,000 manufacturing jobs. i spent a lot of my time, people associate me with trade issue, most of my time spent at grandial level working to create manufacturing jobs in places like marionet, wisconsin, oshkosh, wisconsin. president has a wide range of policies to drive, like arms transfer sales, and increases in defense budget. and we -- i love about president trump, very find attention to detail. so even thing like line equipmentline items indefense bb creation in pennsylva

anything that ambassador lighthizer promised to nancy pelosi verbally, he needs sign off from mexico in writing so he can go back and say we have an agreement. this is really what's at the canada seems to be .ore supervising and listening they are an important partner. thank you, that was from d.c. the latest on the negotiations. moreems like a relatively quiet week. we are expecting the turkey and then the deals as well. black friday is almost here which means all eyes will be on consumers and retailers as the make or break shopping holiday season gets underway. great to have you with us. the stock about the shopping season because it is going to be shorter than usual. 26 days between thanksgiving and christmas. what are we expecting this time around? >> i think we will see a lot of things we have expected in the past. right after halloween we started to see retail sales pick up, and the christmas decor at shopping centers and people really started to shop early this year. amanda: the actual brick-and-mortar experience is alive and well. is there an expectation that we will see a he

robert lighthizer will come together with his two counterparts as lighthizer nears an agreement withmocrats on change to the usmca. back to the markets, stock market pointing to another higher open. among the standouts, target, best buy, tjx and walmart all surging on strong earnings results. but one area of the market not doing so hot as of late, bitc n bitcoin. down again this morning and trading at a six month low so let's bring in tom lee. good morning to you, tom let start with the retailers is it a sign the results that we've seen that the american consumer can still continue to power the markets towards these record highs >> yeah, the consumer has really been the stalwart for all of 2019 now we've got pretty decent jobs market, committee markets are good and that is helping about a third of the households. so i think that we are set up for a strong final finish and i think consumers are feeling good >> so as we say this is the markets at these levels, are there still places that you can find some kind of a relative value or is this one of those situations because there is such

pete navarro repeated sunday, with high praise for the negotiating style of lighthizer. >> my lighthizerule is all negotiations should be closed doors. we're on a glide path to a deal. >> he says, don't believe the leaks. never believe the leaks. the day in/day out leaks on the trade deal. navarro would not say if a trade deal would be reached this year. until then, tariffs are still on many goods, including agriculture projects. >>> the president promised cash for farmers before thanksgiving. the agriculture department begins a second round of bailouts next week. the $16 billion package is to compensate for trade losses in the war here. farmers have been in the middle of this. you see farm bankruptcies rising. it's been really devastating for some of the communities and family farms trying to hold on. in some cases, the bailout money is not compensating them 100%. and the president is still s saying that the chinese are paying the tariffs. there's a redistribution of wealth now. >>> another chapter in the lamar jackson story. it has been an entertaining one. andy sholes has that story i

trade keptive robert lighthizer and treasury secretary steven mnuchin talked by phone with the chinese vice premier. the white house released a statement saying the call was constructive and made progress in a number of areas. some of the issues could be on intellectual property theft section. >> enormous progress has been made on intellectual property theft issues. reporter: agriculture, forced partnerships with chinese companies and currency manipulations are almost finished. the chinese release their own statement on the call saying it was constructsive but there are still concerns to work out. david: president trump touting the numbers and taking up the impeachment inquiry, calling the democrats crazed lunatics. reporter: tupelo, mississippi, it's the president's first campaign rally since that first important vote yesterday. the president talking you have the big economic numbers suggesting american prosperity could be at risk if democrats impeach him. president trump: you have the greatest economy in the history of our country. the highest stock market, the best employment number

behind closed doors negotiating. >> these talks continue to be constructive, but my lighthizer rulegotiations should be behind closed doors. we're on a glides path to a deal. >> navarro would not say if he thinks an agreement would happen this year. until then hundreds of billions of tariffs remain on chinese imports and u.s. products like agriculture. u.s. farmers are the collateral damage in the trade war. president trump vowed another round of cash for u.s. farmers before thanksgiving. a second round of bailout checks for farmers expected to be cut next week. compliments, trump says, of china tariffs. trump has falsely said china and its tariffs fund the farmer bailout and in reality american business and consumers pay for the tariffs. there's been a $12 billion to compensate farmers for the lower prices and lost sales because of the trade war. this round of checks will be $16 billion. this is not the grand course correction the president promised at the start of the trade war. they're looking to find a narrow agreement leaving thorny agreements until later. even the phase one pl

would just say that ambassador lighthizer and his team at u.s.and the white house has been working and cooperating in very good faith with the democratic leadership on the hill. you know, there has been a very constructive dialogue over the course of the last really six months, in particularly the last few months. are meeting speaker pelosi and leadership more than halfway, so that is the reason we are as close as we are. we will see what the white house comes back with in terms of what they are willing to commit to on paper. it seems like we are close to getting this done. that will be a good thing for the american worker. let's hear what the president had to say yesterday. pres. trump: usmca is a great trade deal for farmers, manufacturers, all types, including union. it is sitting on nancy pelosi's desk. she seems incapable of moving it. she keeps saying she wants to get it done, but we're talking about many, many months, sitting on her desk, no vote. she does not to have -- she does not have to help with the democrats because they will vote f

say to bob lighthizer, hold the line. you have the moral upper hand in this treatment.ou have to know they are on the right side of history on this. charles: they have the moral upper hand and economic upper hand. a lot of people forget when this began we were much larger economy. china has done a brilliant job bringing up the middle class with really a heavy use of debt and there is a entrepreneur class there i would love to see a freer market as well. they have got their own issues but that being said it feels like we're going to get something. lighthizer, kudlow and the president understand the hurdles but they are saying there will be some ip stuff even in phase one? >> i think that is the goal for phase one, right? i don't think we would accept anything besides having some ip protections. it will be on the enforcement side. something that newt gingrich mentioned, former speaker newt gingrich mentioned, he expects the chinese will agree to ending i.p. theft. they will cheat anyway. we'll get back to the place maybe in a few months from now. we'll have to have a seco

. >> the navarro camp wants to be i identified with lighthizer i think the president agrees with that>> it does -- the journal makes it sound like lighthizer has come around to the view that tariffs are leverage >> absolutely. absolutely. >> didn't want to raise them in the first place, but now they're that here, keep them until -- >> raise them. >> this is the journal's report. >> remember that the president's using that view of the households that do own a lot of stocks and saying if you look at that, it is interesting, i look at the -- i look at the -- to clarify, i don't mean to be facetious about it, i look at stocks, i lamented every day there aren't more people but larry has always said that it is far bigger and i know that this is actually empirical it is not as big i think the president listens to larry on this and knows that the nasdaq and the s&p do affect people's lives affects the wealth -- >> that's where the spending, lion's share of spending is from the wealthy. >> when i see -- sit down with the ceo of the norwegian cruise line, who are these people that are spending

lighthizer, much to his credit, is not talking about this publicly, nor is liu he.talking, but people on the sidelines are, and the markets are adversely affected. there is a very critical time problem. it is very important to get an agreement between now and december 15, because if there is no agreement and if president trump fulfills his threat to impose new tariffs on december 15, then it could cause a re-escalation of the problem. this is a very important timeframe we are dealing with. it could be an inflection point and if this gets out of control with tariffs and escalation, we could have a much more disrupted financial market, and more disruption for the american economy since these tariffs are being paid by americans. francine: this is to his point, , theants this deal more trump administration to alleviate farmers ahead of the election, but the chinese economy also needs this? trump constantly makes the point china wants the deal more than he does, and to some extent that is true, but at some point, donald trump is running on a vital economy and will want t

been done a long time ago but something i know he and many others in the administration, mister lighthizer has been taking the point to get negotiations included so that we can create more jobs, better trade opportunities for our families that we represent. even if steve mnuchin were to get an agreement we all know he doesn't have a vote in the senate. even if every republican agreed with him you still can't passable in the senate because it takes democrats working as well. the families we represent are much less concerned about whose side thinks they are right as they are about saying go in a room and work it out. it has been done before, not to be done this time and i would encourage between now and december 20th we don't have to wait until december 16th. i would hope those leaders on your side and the majority would go get with the leaders in the senate and come to an agreement and i am sure they will have conversations with the white house too banana minimum to get the house and senate to come to agreement, not complain about who passed bills into didn't. it never happened before in hi

secretary alex azar, acting secretary kevin mcaleenan, administrator andrew wheeler, ambassador robert lighthizerny, many folks from congress are in the audience, senators and everybody. you're all here. we love you all. and we have a good friend of mine, bill posey, representative bill posey. you're here someplace. thank you all for being here. a lot of power sitting on this lawn and standing on this lawn. throughout this season, the nationals captured the hearts of baseball fans across the region and across the country. america fell in love with the nats baseball. they just fell in love with nats baseball. that's all they wanted to talk about. that and impeachment. [laughter] pres. trump: i like nats baseball much more. [laughter] [applause] pres. trump: you worked every count, hustled for every base, you fought for every run, and produced a comeback story for the ages. never happened like what happened with the nats. and that means a lot of good decisions were made. you reminded us all why baseball is truly america's pastime. so great for the sport. nearly two months into the season, the nats

jones, china'sw move sent an invitation to lighthizer and mr. mnuchin.o be joined by one of the experts when it comes haasade relations, richard , council of foreign relations president. ambassador, thanks for joining us. that possible breaking news that china has invited u.s. trade negotiators to talk. will they achieve anything? richard: it's a question of when or if they get this modest deal. they will probably get it. it won't make much of a difference. the bulk of the trading relationship, not to mention the bulk of the overall relationship , will not be determined by minimal trade deal. francine: will it help u.s. farmers and is not why president trump once the deal for the phase one to mark a little relief -- phase one? a little relief. let's bring you and i hear sarcasm ambassador has. tom: thank you so much for joining us. moment toxtraordinary see henry kissinger speak of a old war. we talk politics in a moment. foodlose are we to zero-sum economics and a zero-sum politics? how do you suggest as a political process we move ourselves away from a

the vice premier has also invited robert lighthizer to china for talks this month. negotiations have taken an uncertain turn this week after the u.s. congress voted in favor of legislation supporting hong kong protesters. hsbc ceo says it is hard to replicate china's production capacity anywhere else in the world. he spoke at the bloomberg new economy forum right here in beijing. >> i think that there are some long-term shifts taking place. i think we are getting much more regional in the supply chain so that you are closer to your customer. i think the emergence of consumer markets in asia, china, and the rest of asia are forcing people to put their supply chains closer to the consumer markets. there are long-term shifts and buying patterns in the underlying markets. there is the tactical changes taking place as a consequence of trade attention. that is definitely happening as well -- trade tension. that is definitely happening as well. inhink shifting production china are closer to the u.s., great in theory, but in practice, the production capacity of china is imm

trade representative robert lighthizer.ng to get usmca for ratification vote this year. the house speaker told me that the ball is now in the administration's court. she said she's telling freshmen democrats who support usmca that these things take time, hinting it may not come up this year. listen. >> i'm not even sure if we came to an agreement today, that it would be enough time to finish, but that just depends on how much agreement we come to. again, we know what the areas have been, enforcement overarching. under that, labor, workers' rights, et cetera, pharmaceuticals, environment. we'll see where we are on all of those. reporter: on china, some clarification from the chinese commerce ministry on reports saying the phase one trade deal is in trouble, calling that just rumors. a spokesperson went on to say that the chinese will work with the u.s. to address core concerns, trying their best to come to a phase one deal. now, also, the chinese indicated that that bill that the president is expected to sign about hong kong

trade keptive robert lighthizer and treasury secretary steven mnuchin talked by phone with the chinese vice premier. the white house released a statement saying the call was constructive and made progress in a number of areas. some of the issues could be on intellectual property theft section. >> enormous progress has been made on intellectual property theft issues. reporter: agriculture, forced partnerships with chinese companies and currency manipulations are almost finished. the chinese release their own statement on the call saying it was constructsive but there are still concerns to work out. david: president trump touting the numbers and taking up the impeachment inquiry, calling the democrats crazed lunatics. reporter: tupelo, mississippi, it's the president's first campaign rally since that first important vote yesterday. the president talking you have the big economic numbers suggesting american prosperity could be at risk if democrats impeach him. president trump: you have the greatest economy in the history of our country. the highest stock market, the best employment number

watching news organizations reported from the other side, while the trade representative robert lighthizerants his team to maintain silence apparently. is that true? >> sure, lou. lou: there is nothing unique about that. most negotiators want precisely that. >> the navarro rule, if there are any anonymous sources, they are fake news. i heard somebody joke negotiations with the chinese don't begin until you have a handshake deal. that's i think what's going on here. the spectacle of the chinese propaganda press putting out information like that, they are just negotiating the public trying to push us in a direction. the president makes these decisions. lou: thank god he makes those decisions. >> we are going to have a phase one deal with the chinese on the president's terms. but december 15 looms. that's when the next bunch of tariffs go on. the reason the chinese are complaining about the tariffs is they are working beautifully. lou: we have a problem with chinese sources because that's a foreign government, some news organizations forget that, trying to have their way in our society in our

robert lighthizer says he will only travel to china if xi promises to end theft of technology and forcedech transfers. the chinese foreign minister warning of retaliation if the president signed ask the bill siding with the protesters in hong kong. chinese say they will take rest liewpt revenge, and all consequences will be borne by the united states. fred, good to see you. before we get into fiona hill and the rest, your reaction to the rhetoric of the chinese, even as they are inviting the united states to beijing for more trade talks. >> well, beijing does not want the president to sign this big in hong kong. but i think they realize it will happen. the administration has tried to support the people of hong kong without -- without an tag nighing beijing and making the problem worse. but they have to do something. lou: to the credit of the house and the senate. i am told some members -- and i'm not going -- our sources tell us a number of members of the administration at the cabinet level tried to talk two senators into voting against the legislation. don't you agree it would be very p

there was a phone call between he chinese vice premiere and robert lighthizer and secretary treasury.are towards finalizing the phase one trade accord between the world's two largest economies. china has won the permission to impose $3.5 billion in sanctions against the united states. the damages awarded are the third largest in w.t.o. history. it pre-dates the current trade war between the two countries. did not meet a deadline to modify its antidumping regime and set back for the way america restriggets cheap china imports. erdogan held talks with united states secretary general. the discussions were likely to have been dominated by turkey's offensive in northeast syria. earl on this trip, he addressed a mediation conference. chicago teachers and students affected by an 11-day strike returned to classrooms this morning. it was chicago's longest walkout by teachers since 1987. attentative agreement that ended the walkout is expected to shape education for the next five years include class size limits and additional social workers nurses and support for homeless students. both sides s

robert light highser says that -- ligh -- robert lighthizs that could mean a billion in trade for i.sfarmers. the chinese would like to see tariffs rolled back or paused. the u.s. wants to use tariffs to make sure china following through with what they promise. lou: the radical dimms expanded their nonstop impeachment charade and farce. david holmes, a state department official who claims to have overheard a telephone call between president trump and ambassador sondland will testify thursday. that makes for a full schedule of 9 witnesses over fired hearings in three days. does it sound exciting to you? it does me. as washington prepares for this full week of workout releasing the closed door basement testimony of two other witnesses. the new transcripts from jennifer williams, an visor to vice president mike pence and tim morrison. the weekend release, possible effort by schiff and the radical dimms to hide testimony damaging to their impeachment narrative since everything seems to under cut everything they are trying to do. under questioning, morrison said he believed the transcript

it may not come from robert lighthizer, but more from the white house, because they are determined toonfront beijing. tariffs,n trade, doesn't mean we will see a slowdown against actions from chinese technology companies, actions on the trade front. those pressures will weigh on the sustainability. romaine: can we talk about maybe what the resolution could be? there seemed to be a sentiment that this was sort of hong kong united or as united as you could be in a society like that. i am starting to get the sense now that this is not necessarily the case? >> the political crisis, had it in addressed in june, we might have seen an easy resolution. now there are deep fissures in hong kong society and the identity relative to the mainland. it will be difficult to see reconciliation. the next few weeks are likely to be critical. we are at the moment right now where some of the support for the protesters has declined as people become worried about the level of violence. the challenge right now for the hong kong authorities is, can they find some way to diffuse tensions. it is going to be ver

some of the optimism you hear from people like robert lighthizer, who is very cautious about his wording, i think gives you some hope. guy: marvin is going to stick around. marvin barth, barclays had of global fx strategy. vonnie: let's get a look at markets. more positivever tone we heard from the president on u.s.-china trade, it does not seem to be filtering into equity markets. you have the market here lows on the session. the nasdaq is up about 0.1%. the s&p 500 is set to fall for the first week in seven weeks. the outperformance and the u k stocks, the ftse 100 is now up 1.3%. 500last time the s&p actually moved 1% or more was back in mid-october. here is a possible look at why. the white line, the realized correlation among stocks. we can see that correlation falling. that is why you are not seeing big moves on the index level. the macro is not mattering as much as the micro. in the yellow line, the implied correlation, which suggests those macro things might be, more important. check on take a quick some consumer stocks doing well. nordstrom is the best performer on the s&p 500,

it comes to usmca, trade representative lighthizer is still talking to democrats about this.egotiations going on. there will be other areas where she will have to negotiate things that the president will have to sign. i thought itca, was interesting, she says they are close to getting it done. i said, would you do it without the majority of your caucus? she said, no, i have done that with other legislation but i will not hear. for may not speak well usmca. she has to bring her caucus along. >> that is a good point. is her threshold the democratic caucus? does she want to demonstrate that they can pass this on their own? one thing she told us, they had labor, thees with outside groups that want to get this passed. there is a path forward to getting to yes on this. david: she also talks about prescription drugs. is that doable? you know congress well. >> i always run my eyes when i hear about bipartisan drug prices, but when president trump talks about drug prices, it sounds more like a democrat. to the speaker, all sorts of things that she thinks she can get done, usmca, drug

has been forward-looking and has worked closely with the administration, particularly ambassador lighthizeri think they are close to a deal. there are loose ends that have to get resolved around labor issues. these are things they can get worked out. if the will is there, which i think it is, we will get something done this year. we are doing our work. we are doing tv ads in key states like michigan. we will keep working this issue hard. i think labor has a motivation. they have a better deal if they get the usmca past because they will have labor and environmental issues addressed. they should be part of the discussion as well in terms of getting this across for a final vote. david: lastly, let's turn to brexit. some issues of the u.s./u.k. trade agreements. we have heard there'll be a great trade agreement. president trump has said he doubts that. this is what he said to the u.k. media. >> under certain aspects of the deal, you cannot do it. you cannot trade. we cannot make a trade deal with the u.k.. i think we can do many times the numbers we are doing right now. thed: are your members