trade representative robert lighthizer, the japanese ambassador to the u.s.. the president was asked about his decision to withdraw u.s. troops and allow turkish offensive in syria. this is about an hour. [applause] pres. trump: thank you very much, everybody. i want to start by wishing my good friend, prime minister abe, from japan, a very happy birthday. he is 39 years old today. [laughter] pres. trump: please extend my wishes to the prime minister. he is a great gentleman and we have had rate success, have you know. in addition to what we are talking about today, they are building in japan many car plants in the united states, which they were not doing for a long time. they are building in michigan, ohio, lots of different states. we appreciate it very much. it has been a tremendous investment. but we are here to talk about a different purchase, and that is good as far as we are concerned. i want to thank you very much for it. [applause] pres. trump: so we are gathered here today at the white house this afternoon to discuss a very strong and groundbreaking

robert lighthizer and steven mnuchin released a statement saying the u.s. is closer to finishing phase one of the trade deal, giving investors a reason to bed up share prices. although they have stalled out, we are looking at gains in materials and technology. intel is the best performer in the dow industrials, giving an update profit and sales forecast, shrugging off of those trade war concerns. we will be talking with reporters later on to discuss the state of brexit. there is the chart that i want to highlight. because you are here, we are watching the loonie. amanda: hitting key levels last week. we are still waiting for the bank of canada. we also have an election with parliament. it is interesting to see the currency. we already saw weakness priced in. speaking of, amazon trading off the lows of the session, possibly because we had decent news on the trade file. here is a look at the profit declines we are seeing for amazon. company had coached investors that it will see a loss. it's been giving profit and growing it. now not only is it saying the 1.5

free-trade agreement between japan and united states was signed officially by united states trade rep robert lighthizerith mr. lighthizer there. wanted to show that. we'll move on. melissa. melissa: leader of several house committees issuing more subpoenas for documents related to president trump's july phone call with ukraine's president. here to react, michael goodwin from "the new york post." he is also a fox news contributor. what does all this mean to you? >> it seems to me, a continuation, melissa of the 2016 effort to stop the president from becoming president, led by the fbi, led by the cia, in conjunction with the democratic party. it is hard, based on what we know, that now to distinguish this from that. the whistleblower so-called working with the committee. hiring democratic lawyers. using some of the same techniques we saw then, anonymous sources, allegations that are not backed up but nonetheless just keep getting rolled forward. headlines that scream guilty, guilty, guilty, when we don't even know who the accuser is. it is a fundamental precept in american jurisprudence you have a right

we are going to be witnessing a historic signing by ambassador robert lighthizer and the ambassador from japan. a long trip. he just got here. the ambassador from japan. we are grateful to both of you for the outstanding job you have done and all of the people that were involved with both of you and your representatives. thank you very much. thank you very much. also delighted that secretary of transportation elaine chao is here. where is elaine? hi, elaine. she is busy. doing a fantastic job. deputy secretary of agriculture stephen chancey is here. where is stephen? thank. last night.ny we are doing well. a very great gentleman, a popular man in the world, especially his wonderful state -- steve daines. i see you back there. [applause] pres. trump: i also saw your poll numbers. you are strong. and that is a good decision by the voters, i can tell you. thanks, steve. representatives jodey arrington and kevin hern, thank you fellows for being here, as well as the north dakota governor. doug, thank you. thank you, doug. good job. is that your wife? north carolina lieutenant governor dan fo

trade rep robert lighthizer. back to you guys in the studio. melissa: thank you for that. the dow ending up for the third day in a row. we lost a lot of ground into the close there, gerri. that was a wild ride. what happened? reporter: that was a wild ride. let me tell you all day long traders down here have been telling me, gerri, doesn't matter what kind of deal we get, we don't care, we want a piece of paper. what they got the president said it was a deal. the chinese said it's a pause in the trade war. what does that mean? i think you see that replayed in the dows 319 point close here. we came back about 180 point from the highs of the day. i have to tell you though, we do have dow winners. dow, caterpillar, 3m, industrial materials, energy, those are the three sectors trading higher. that also the tale of the tape which is that it was about trade today. so it could be this was buy on the rumor. so you saw the dow trade as high as nearly 500 points up. then sell on the news. that could be what is going on here. but i do think this is a reassessment what we really get?

he was joined by robert lighthizer, ambassador to the u.s.he president was asked about his decision to withdraw u.s. troops and the turkish offensive in syria. this is about an hour.

and after hard work of robert lighthizer, the u.s.rade representative, steven mnuchin, the representative. >> another thing, were in a real battle, it's been a long drawn out battle but the president in the and will get what he needs for this country and he does not need snipe from the side. >> within his own administrati administration. >> i have to tell you, the party that this president is working with, what a hand to draw too, these rinos in establishment -- like mitt romney where they chirp and candidates from the sidelines as if their observers with great gravitas and knowledge. it is laughable except for the fact that it seriously undermined this president. >> the problem with romney, the end of the day he begged the president to endorse him and he wanted to be secretary of state and he did not get it. now he thinks he's going to be the leader of the opposition in the republican party. and i promise you the voters of utah will support this president 100%. and romney better get to know that very quickly. lou: i think romney -- h

trade representative robert lighthizer as well, as he said there were deputy level meetings today between the u.s. and china trade teams, and that there would be senior level discussions involving himself, steve mnuchin and their chinese counterparts at the end of the week, on friday. the comments came during this cabinet meeting right here in which the president expressed optimism for phase one of the trade deal, while also suggesting that it could be the more difficult component. >> while we're papering the deal, and that's going well, we hope to sign it probably in chile when we have a summit in chile or wherever that may be, but we'll be able to we think sign a completed document with china on phase one, then we start working on phase two and actually, things in phase two are easier than phase one. reporter: now, there are still questions as to whether or not phase one will be completed before the president heads down to chile in about a month's time for that apec summit. lighthizer said this afternoon as well that there are still some outstanding issues between the u.s. and china. wh

trade representative robert lighthizer a lot of discussion today, and since the china day 7 oh, yearsars and a heck of a parade but xi talking about nothing will stop the chinese people, nothing will stop the chinese nation. here it is, it's straight in our face, your thoughts about the impact on trade talks? >> well the position of the weapons pointed at america and capitalism battling communism in the streets of hong kong is stark on october 1. this context for these talks let's make mow mistake about it. i've always said lou, this is not a trade negotiation. it's about an economic system that china is people etraiting on the world. it has the seven deadly sin, the intellectual property theft, killing americans with fentanyl so the chinese negotiations, it's going to come here but he's going to meet some tough negotiators on the other side of the table. lou: and at the same time, i want to return to the wto decision which means that the united states has the capacity to put tariffs on pane goods including agricultural exports to this country and it's going into effect what the 18th

trade representative robert lighthizer and china's vice premier mugged for our cameras and shook hands with treasury secretary mnuchin, and the dow shot straight up 257 points this morning when president trump tweeted that he will be meeting with the vice premier tomorrow as china increases agricultural purchases w. with the dow now up 114 points, afternoon meetings are all well underway at the u.s. trade rep's offices. what is happening behind closed doors? we are going to take you right up to those doors in just a moment live. the wework mystery, that is still not solved, but who is to to -- who is really to blame? is it parting ceo adam newman, or did the initial investors fail to rein in a hot shot ceo with a disruptive and ingenious idea? the father of modern venture capital is here to tell us where wework went wrong. the chairman me discuss of gray croft is joining us in just moments. again, with green on the screen still here, we are less than an hour to closing bell. let's start "the claman countdown." ♪ ♪ liz: to this breaking news about general motors, the stock is moving hig

this agreement is very heavy and agricultural products, according to robert lighthizer. it amounts to about $55 billion goods,fo traded potatoes, corn, soybeans, wheat. a lot of other products there. president trump did touch on a few issues including, he basically reiterated his call for the federal reserve and the u.s. to cut interest rates, saying the economy would be like a rocket ship if the fed did that. and he touched on a few other economic issues. scarlet: in the meantime we had the stock market close. a day of declines of u.s. equities. on lower than average volume with the dow, the s&p and the nasdaq off 1/3 of 1%. "what'd you miss?" is up next, where we have more on general electric's plan to slahsh its pension benefits. this is bloomberg. ♪ we are live from bloomberg world headquarters in new york. i am caroline hyde. >> u.s. stock market trading on very thin volume fell in the s&p 500. but the question is -- "what'd you miss?" takes a broada trade package off the table ahead of high-level talks in washington. trump's turn on turkey. after president trump re

it was held off at that point if you think back to ambassador robert lighthizer testifying before congressn what is in the currency deal. he walks back the optimism we heard from steven mnuchin. he said, nothing is agreed to until everything is agree to. we are still haggling over enforcement of any deal. if we do not have enforcement, we do not have any enforce meant currency commitment. we do not know anything that comes out of this week is any binding enforcement mechanism. we are going into this with some cautious optimism. a lot of confusion. a lot of troubling signs hanging over these talks. it seems everyone is looking at the here and now and what can be achieved and getting to a more realistic point that it can maybe be a big deal. amanda: we do have the countdown to a new round of tariffs. it is hard not to picture that there are multiple strands of talks going on including negotiating existing tariffs. there must be some industries lobbying hard about taking things off the table. how much of that goes on in parallel? >> those back level lobbying calls have been going on for a lon

finishing some sections of their phase one trillion agreement, according to a statement from robert lighthizerreasury secretary steven mnuchin. they held a phone call with the chinese vice premier and said discussions will continue at the deputy level. trade official peter navarro tells fox news that phase one could be signed as soon as next month. meantime, mexican officials believe the usmca trade deal could be approved in weeks and implemented within three months. the under secretary of foreign relations for mexico made the comments today alongside the mexican president. what goasar

liuhu greeted by ambassador robert lighthizer pan steechenn mnucined by a delegation of three dozen officialsdespitese one s ceven hhiours c level talks behind closed doors, the biggest news n on twitter. meet the vice premier at e white house tomorrow. saying cna i? ttsi market investors are heing the last three visits wereniom by positive ne. in jry announceening banaling wldurchase 5 million metric tons of soybeans. >> hopefully they buy lot of corn and wheat and everything else we have. >> february visit wasesulted in a tariff dpla and april visit focused on the forthcoming meeting where trump and president xi would close the deal. >> the deal is coming ang we'll. we'll know over the next four election. >> shortly aer that talks broke down resulting in tariffs on hundreds ofs billions of dollars additiona wasn lthen. two former white house officials say the fact that the president annougnchee m m tngbeadtieadye. n.r "nightly businesst,ep"n waso >>> yes, trade r is very importt to wall street right now. s just one of the issues bu paying close e attention to. re is bobisani at the new york

we do believe that trade representative robert lighthizer has just entered the room.t back with the ceremony. don't go away. ♪ ♪ . . liz: still waitingorredent trump. he is going to be signing a trade deal with japan at any moment that may have a lot of farmers feeling a bit better about their situation. let's bring in commodity king phil flynn of the price futures group. tell us what the deal might mean for american farmers. a lot of commodities, stock ones are moving lower, i don't know about hogs but maybe we can show some of those. phil? >> let me take a look at hogs. obviously with japan they will be in the market for a lot of u.s. agriculture so that's good thing. the hog market they will be in heavy competition with the chinese because of the asian swine fever which is major, major big deal. at some point there will be a war on hogs. everybody will need them. there will be not enough going around. that will be issue going on further. so there you go. thank you. liz: here is the president. he is about to talk about this japan-u.s. trade deal that certainly has c

trade representative robert lighthizer says was removed from the trade deal.he mood of the talk had soured this week. in fact the chinese a little upset 28 new companies and entities were added to the entities list, that is the blacklist from selling to the united states here. visa restrictions from the state department, they are concerned about the restrictions in place for human right violations from some chinese government officials as well as communist party officials. may be too soon to talk about a partial deal or not. what has subsided from the conversation is talk of the chinese leaving later on today, cutting this trip short. that has sort of subsided here. president donald trump tweeting out this morning saying he will actually meet the chinese vice premier tomorrow in the white house, signaling that they would be probably, most likely be here through tomorrow. charles? charles: edward, thank you very much with all the twists and turns in the trade saga, the market is exhibiting optimism with so much in line over the next 24 hours. we'll know a lot.

trade representative robert lighthizer, u.s. trade secretary steve mnuchin and now as you have been covering, liz, 30 minutes ago, the delegation, chinese delegation along with of course, our leaders, meeting here at the white house right behind me here. they arrived about 30 minutes ago and this idea of a potential trade functions around these two components. agricultural concsions, you highlighted at,he possibility of the fact that the chinese may agree to buy more u.s. soybeans. as we know, that is our biggest agra export. it is worth anywhere between $15 billion and $18 billion depending on the year. in exchange, this is just according to our sources, this is certainly not a done deal yet, in exchange, the u.s. government would refrain from lifting tariffs that are set to kick in on tuesday. as we know, there are 25% tariffs on $250 billion worth of chinese goods. that 25% level on tuesday is predicted, has been telegraphed to go higher to 30% so if the u.s. refrains from kicking up that last 5%, our sources say the chinese

trade representative robert lighthizer says the u.s. china made hdway and specific issues appear close to final iedsing some sections of but a couple of other factors helped spur the move higr rst more signs the u.s. consumer going strong. wewe saw that in solid earnings and guide fibrins cdit k like capital one and vis an second a handful of sni conductor companies at back of newighs intels new beat and good outlook. towering t year rally. the week ahead brimming with market movings kamgtsist and the busiest stretch of earnings season. more from tech titan appears apple abalphabet. color ox and store bks. alibaba and the much buzzed about beyond meat alo with ail giant. federal reserve will meet to decide uponhe fate of u.s. interest rates. the markets expect a quarter-point cut this week. pl the wiley jobs report. economists expec the gm auto strike to shave off a chunk of the gains we would normally see. and plenty of data on tap. gdp. consumer confidence, home sales and manufacturing, a busy bus week as always invesrs watchi closely

and the signaling from the trade representative ambassador robert lighthizer was that there will be many weeks between the signing of the phase one deal and the december 15th tariff hike or the december 15th consumer facing tariffs to potentially deal with those. that's going to be important to the market now what's interesting about today's announcement was that up until earlier this woke the president said vehemently that he wanted a big deal he wanted a comprehensive deal and it was not his preference to do a deal in pieces. he was asked that question multiple times this afternoon about why he chose to structure the deal like this given president promises that he had made to the business community, and to china on this front here is what he said >> because it's such a big deal and covers so much territory that doing it in sections and phases is i think really better. >> here is how the first section will go. over the next four to five weeks his top negotiators will be writing the content of this deal then when he and president xi meet at the apex summit in santiago chooil in mid-novem

trade representative, robert lighthizer. a lot of discussion today since the china day that 70 years of communist rule, and a heck of a parade. xi talking about nothing will stop the chinese people, nothing, nothing will stop the chinese nation. it's as bellicose as nationalistic as anything one can imagine coming from beijing. here it is. it's straight in our face. your thoughts about the impact on trade talks. >> the juxtaposition of weapons in tienanmen square pointed at america and capitalism and freedom battling communism in hong kong streets was stark on october 1. i always said, this is not a trade negotiation. it's about an economic system that china is perpetrating on the world. it has what i call the seven deadly sins. the chinese negotiator will come here but he will meet some puff negotiators on the other -- he will meet some tough negotiators on the other side of the table. lou: the wto decision gives the united states the ability to put tariffs on european goods and agricultural products. those go into effect t

treasury secretary steven mnuchin and robert lighthizer will be talking by telephone friday with the vice premere of china. part one doesn't address human rights, the con strarn d the cot stream of black listed chinese companies and the appropriation of u.s. intellectual property and technology by various means. joining us, dr. michael pillsbury, it's good to see you. it's highly irregular, is it not, for there not to be paper? to have this deal in its current form on paper to proceed? it is -- this is to me an extremely unusual situation. >> yes, because president trump is a bold negotiator and there is no precedent for these kind of talks. the chinese deny any intellectual property theft and deny forcible technology transfer. even the basis for the talks is in digs piewt. what the president has done is first get that 150 pages we heard about in may, and now the chinese are wriggling out. so the effort to get paper is important. we don't have any precedent for what president trump is doing. obama, presidents before, they didn't try these tough negotiations to pin the chinese down, a

treasury secretary steven mnuchin and robert lighthizer. prospects already looked dim since the weekend since there were reports out that chinese were thinking about dropping all together one of the very important demands of the u.s that is the long-standing concern about state subsidies. still now, president trump said overnight. he's hoping for a big deal but a lot think things don't look good and maybe at best, we'll see an agreement to talk again between the two leaders. >> when you are black listing firms before you sit down to have talks with the company. don't go away, i want to talk about something else that is the growing battle between china and the national basketball association. new developments this morning, apparently china state broadcasters saying it is not going to show any nba preseason broadcasts country wide? >> reporter: yes not only that. tencent, the private company said they are also going to halt all of their nba broadcasts. again, this is continued fall out because of a tweet the general manager of the houston roc

it is possible what we have heard from sources what robert lighthizer is looking at, he could be lookingt sequencing this type of deal. kathleen: it is not over until it is over. hong kong is reeling from one of the most violent weekends. subway stations vandalized. the chief north asia correspondent joins us from admiralty. it has been a crazy 72 hours. what has happened? another monday morning -- stephen: it is another monday morning. there is no end in site. about every monday morning when i am on bloomberg television it is recapping and even more violent weekends. that is what we saw even though there was a bit of a lull saturday, it came up yesterday as protesters attacked different businesses across the city, anything with china in the name or perceived ties to the mainland seemed to get attacked by a more radical branch of this movement. shops were broken into and vandalized. the train network was on limited duty and post all day saturday with the exception of limited express trains to the airport. we are hearing there will be limited services as well as closing in the evening. th

-- the liberation will come as a delegation arrives in washington to resume trade talks with robert lighthizer and steven mnuchin. we are asking the question on mliv, what is the best way to trade negotiations? reach out to us and the team on your bloomberg. joining us is sarah hewin. great to have you with us. if we get any sort of partial deal, whether it does include a currency agreement or not, would that be enough to halt the slowdown in global growth? a partial deal? question. a very good if we reach this stage, maybe three months ago, it is possible. it could have been significant. business isw is operating according to uncertainty and any accord is not necessarily going to deliver the predictability and certainty they require. unfortunately, through this whole dispute, we have seen steps forward, steps back, reconciliation, then new tariffs being imposed. i think we are at the stage where businesses are extremely cautious. the agreement is probably factored into a certain extent. that pricked ability is just not there. creditability is the issue. i breaking news story from ecb, set to

cap that members including steve mnuchin and robert lighthizer plan to speak with their chinese counterparts this friday regarding the trade deal. lighthizer said the countries continue to have deputy level talks. trump also talked about the situation in syria, the kurds, saying that something good would come out of it -- and as are his words. banker sachs, a third arrested for insider trading. the exclusive bloomberg reporting. that is next. this is bloomberg. ♪ romaine: this is "bloomberg markets." i'm romaine bostick. now to a bloomberg school. goldman sachs facing a third allegation of insider trading in the last 18 months. a goldman investment banker was arrested friday for passing deal tips to a restaurant tour. is someonehe story who covers bloomberg news. what is this case about? this was a relatively high level -- banker was a junior banker, your classic insider trading. dealker who works on a big leaks the details of the deal. the contact gets a big gain. a few years later, the feds come knocking and he is arrested. romaine: what deal was singled out? syngenta deal, a buffalo wild

china's vice premier was greeted by treasury secretary steven mnuchin and trade representative robert lighthizerefore talks resumed thursday. the stakes were extremely high as president donald trump threatened to raise tariffs on $215 billion worth of chinese goods on october 15 if there was no progress. the technology sector paying close attention to those sessions as intellectual property is playing a prominent role in the negotiations. i spoke to someone from a firm who helps u.s. firms protect intellectual property. eric: a fairly large company in china, just saw $100 million in revenue that files and protects intellectual property for clients that have previously mostly been in china and is now expanding into the u.s. that's what we are doing here based out of boston. taylor: what kind of ip theft language do you need to see to get a deal? eric: regardless of the status of the trade talks, the importance of securing ip protection for u.s. companies that are operating in china should not get lost anywhere. u.s. companies should not be missing out on that opportunity if there going to work in

after hard work, robert lighthizer, this is just -- >> the feeling is, it's been a long drawn out battle, but the president in the end will get what he need for this country. and he doesn't need any sniping from the side. that part of the problem with a lot of people in this administration. lou: the party this president is working with, what a hand to draw from. establishmenttarians like mitt company who chirp from the sidelines another like they are observers with great gravitas is laughable. >> you heard me say before, i'm not a romney fan. but at the end of the day he begged the president to endorse him. he wanted to be secretary of state. and now he thinks he's going to be the leader of the opposition in the republican party. the truth of the matter is he represents utah and the voters of utah support this president. lou: i think this fella romney is pathetic at this point. if the president didn't pay him mind, neither would we. let's turn to these rinos against the president and the republican party. on the issue of bringing our troops home from syria. it's a nation of 18 mill peopl

trade representative robert lighthizer and treasury secretary steven mnuchin and.held a phone call with the chinese fight premier and said discussions will continue at the deputy level. peter navarro tells fox news, phase one could be signed as soon as next month. california's biggest utility admitted its electrical equipment may have ignited a wildfire burning in one country today. that is despite lack of being imposed across the region to prevent such blazes. pg&e had a power line failure in sonoma county moment before a wild fire broke out. it burned at least 25 square miles and prompted evacuation orders or about 2000 people. a federal judge has held education secretary betsy devos in contempt of court because she violated in order to stop collecting federal loans from thousands of former students who attended corinthian colleges, a for-profit school change shutdown in 2015 as it faced allegations of fraud. macronpresident emmanuel has blocked the european union's attempt to delay brexit for three more months. that means it's possible u.k. may not know if it wi

>> we keep hearing over and over again from robert lighthizer and people like him that they are not preparedo talk about huawei. he is not in charge of that here in washington and has forcefully it into avoid bringing the negotiations. we do hear the chinese still pushing the trump administration to at least grant some licenses for nonsensitive technologies, components that could be for u.s. suppliers, but that hasn't happened yet. we keep hearing from the trump administration that something like that may be forthcoming soon, but no, absolutely not, no resolution on that front just yet. shery: thank you so much for that, the latest on the u.s.-china trade negotiations. we have breaking news at the moment, the u.s. has stricken a $1 billion deal with jho low in that 1mdb recovery. the malaysian financier at the center of that scandal, and were now hearing that the u.s. has inked a $1 billion deal with they werejho low and targeting close to $1 billion in assets in order to be able to resolve this case. this was a deal that was being negotiated by the u.s. department of justice and we are now

trade representative robert lighthizer. the first of two days of talks. president trump said he will be meeting with the vice premier tomorrow. he says china once a deal. -- he says china wants on a deal -- wants a deal. what is on the table? a bunch of small stuff. agricultural purchases from china. china wanting sanctions from shipping firms to be removed. termsonal transparency in of how china manages its exchange rate. what is not on the table, any of the big issues the u.s. wanted resolved at the start of the trade war. intellectual property protection , market access, china industrial subsidies. even if we get a mini deal, the question is will that be enough to move the dial? david: the bloomberg report is the currency provision will be similar to what we had with mexico. would president trump be willing to meet the vice premier if he was not willing to do some sort of deal? good point. a to me it is surprising the chinese have come at all. let's think about the backdrop to the talks. we have the nba controversy. we have the u.s. imposing sanctions

taylor: we have a soundbite from robert lighthizer on huawei.e a listen. >> in this agreement, we are not dealing specifically with huawei. it is not a part of this agreement, that is a separate process. taylor: we think huawei not part of phase one. any indication it could be included in phase two or three? sarah: i think it could also be billed as something of a separate process. perhaps they want to leave it out of the announcement today but it is something that will come down the line in the coming weeks. we have those special licenses coming up for renewal in november, mostly for rural networks. we will see what comes of that. there was mention of the press conference of looking again at these blacklisted companies, companies like huawei. we have the other additions this week like hikvision. i think they are not being billed as part of these trade negotiations, but perhaps there is some movement along the way. taylor: i think the question we keep asking ourselves is a partial deal better than no deal even though it is not fully comprehensiv

trade representative robert lighthizer met with the democratic working group over usmca, a source tells me they are still on a path to yes, chairman of ways and means committee tells me they have worked out a few bumps, there are still a few concern, grassley on floor, concerned that less likely that usmca will be ratified this year by house democrats, he is concerned about that. he wishes or hopes that usmca will go through. >> cone -- absent from amount arannouncement are a date and timeline, with every passing month it seems more like stalling tactics. reporter: he is concerned or warning house democrats that voters will have their say about it coming next year in the election deirdre. >> thank you. >> moving forward, president trump speaking earlier on syria, also announcing he will lift sanctions on turkey, for more, benjamin hall with the latest. reporter: it is fair to say ceasefire has been holding for 5 days, there have been few violations, today at white house, president trump said that turkey agreed to make it permanent had. he also took credit. >> this is an ut outcome creat

the people we have talked to said robert lighthizer is pretty realistic and what he can achieve in these negotiations. a wholesale remodeling of china's economy was never on the table. getting reluctance from the chinese side that anything on subsidies will be discussed or anything that resembles a concession on this will make it hard for him and trump to sell this deal at home. guy: thank you so much -- david: thank you so much. jenny leonard on trade reporting from washington. now there was a big announcement from washington yesterday about whether they took a u-turn about whether they would get out of the way of the kurds -- the turks coming after the kurds. bill: trump said the u.s. will step aside if turkey sends its forces into syria. that leaves open the question of what happens to america's kurdish allies who have led the fight to get rid of the islamic state caliphate in syria. it also raises the question of what happens to thousands of islamic state prisoners and their families that have been held and guarded by kurdish u.s. allied kurdish forces. the president has seemed to wa

trade representative robert lighthizer and steven mnuchin.ess. we are really interested in how this meet and greet would go. look at this. look at how this sort of unfolded here. i will show you this video. it's very unique where they are actually coming up, shaking hands and then posing for pictures. that is something that i have not seen in the trade talks, these trade talks, in the past 19 months. every time they have come here, we did get a smile and a wave once but this was actually a pose for pictures. then we heard some from the media calling handshake again, handshake again, kind of like the red carpets at the oscars which i have covered the oscars before, it sounded like that as the calls were coming from the media and they obliged, turning and making that handshake again here. so looking to see, though, what kind of indication of progress could be made out of this meeting. they are still talking inside so that is a sign of progress. you heard the president say he's going to meet with the vice premier tomorrow, indicating that the ch

china's vice premier was greeted by treasury secretary steven mnuchin and trade representative robert lighthizerefore talks resumed thursday. the stakes were extremely high as president donald trump threatened to raise tariffs on $215 billion worth of chinese goods on october 15 if there was no progress. the technology sector paying close attention to those sessions as intellectual property is playing a prominent role in the negotiations. to someone from a firm who helps u.s. firms protect intellectual property. >> a fairly large company in china, just saw $100 million in revenue that files and protects intellectual property for clients that have previously mostly been in china and is now expanding into the u.s. that's what we are doing here based out of boston. taylor: what kind of ip theft language do you need to see to get a deal? regardless of the status of the trade talks, the importance of securing ip protection for u.s. companies that are operating in china should not get lost anywhere. be. companies should not missing out on that opportunity if there going to work in the chinese market.

. >> ambassador robert lighthizer is realistic about what he can achieve in these negotiations. a wholesale remodeling of china's economy was never on the table. but getting reluctance from the chinese side that anything on subsidies will be discussed or anything that resembles a concession on this will make it hard for him and the president to sell the deal at home. paul: the trump administration has blacklisted eight chinese tech companies, accusing them of human rights violations. what exactly has the trump administration done to restrict business around these companies? >> the trump administration took a similar move today as it did against a company like huawei, putting it on a blacklist. u.s. companies are restricted from doing business with the chinese companies. itcame as a surprise because was put on the back burner. the trump administration announced these are chinese surveillance firms, ai firms over human rights violations. >> the white house exploring restricting u.s. index providers and pension funds from investing in chinese stocks. >> the white house has taken of

phone conversation this morning and out of those conversations your straight or presented of robert lighthizer'sice and staying there close to finalizing the language in some of phase one sections. the entire section, this review has talks from the deputy level in another phone conversation between the tree team in the near future. president donald trump optimistic and so is the market. >> were doing very well with china and the farmers are going to do better maybe than anybody. but everybody is doing well, china wants to make a deal, they'd like to see reduction in tariffs and they'd like to see tariffs that are scheduled to go on very soon and they'd like to see them not go on. you know it, they really want to make a deal. reporter: white house economic advisor peter navarro criticizing china for cyber theft, human rights abuses and other sinister roles played no role in the progress that happen with the trade talks today. the chinese are keeping the issue separate it appears. >> more breaking news, we had very good talks this morning and lighthizer had talks on the phone with achieved negotia

have: the media itself can -- there has been disagreement between the president and robert lighthizer and the vice premier of what is going on. is the price of the tariffs. if the president postpones the tariffs, does that give us an idea they are on the road to something bigger, or is it a temporary truce? shawn: it tells us it is a temporary truce. we are a long way from where we were in april or may when they were getting closer to a bigger deal. there've been tariffs put in place. one of the things unclear right $110s what would happen to billion trade of tariffs that took effect september 1. a lot of details we need to figure out. this is a partial deal at best. david: we are hopeful we will later we will know more this afternoon when the president meets in the oval office. now we go to david marino in new york about the reported attack on an iranian oil tanker. what we know about what happened? david m.: it is hard to tell. the reports are that an iranian oil tanker was hit with missiles. there was a leak of oil into the water. what this the fear of could mean for geopolitical t

just one day ahead of a cortical meeting between china's vice treasury steven mnuchin and robert lighthizer. the possibility of an powerful tracheal comes as china reportedly ramping up purchases of american agricultural products. terry will be here to put it all in perspective. the market as you can see breathing a sigh of relief. the dow of 227 points, the s&p and nasdaq up over 1%. this comes as trump has blacklisted chinese artificial intelligence companies. could that crackdown have unintended consequent this for american a.i. companies to power the robots of the future. we will get into that and take it up with billionaire software executive tom siegel, the ceo of c3 a.i. that will be a fox business exclusive. we're less to the closing bell and i'm ashley webster and for liz claman. let's start "the claman countdown". ♪. ashley: we begin with breaking news. thick black smoke at the syrian border town off of the turkish army carried out airstrikes to get a list of targets. this comes days after the u.s. troop pullback from the region. meantime apple stop getting a boost today as they r