medal of honor reception we're also joined by members of my cabinet, secretary of the treasury, steven mnuchin. where are you? i don't know if you would ever win this award, steve. [laughter] president trump: it's a tough award, right, in a different way. you're doing great job. thank you. , thank you very much. sonny perdue. thank you. alex acosta. thank you, alex. ben carson. thank you, ben. elaine chao, secretary of transportation. how is transportation doing? good. robert wilkie. doing great job for the v.a. we are doing a great job. we have choice and accountability, things that no one ever thought you would see. they worked 46 or 47 years on trying to get veterans choice. we now have a veterans choice and accountability. they don't do the job, boom. you're fired. [laughter] we want thatmp: for our veterans, right? [applause] president trump: and a man doing a fantastic job, acting administrator, andrew wheeler. thank you, appreciate it. we're grateful to the distinguished military leaders in attendance, including secretary of the navy richard spencer. thank you. secretary of the air forc

expectations were rising that the trade talks between steven mnuchin and the vice premiere, which wereet for next week in washington, are going to be called off earlier today another prominent official at the securities regulator said that the tariffs had poisoned t ee eed the atmos negotiations the chinese have signaled in the past that they plan to hit the u.s. back with tariffs on $60 billion worth of goods and u.s. businesses here have been saying they're expecting now for the chinese to implement more as they called qualitative measures that's defined as tax audits, more customs problems. another possible counter measure talked about today is something that the former finance minister discussed over the weekend export restraints. so these are restrictions on chinese companies from selling certain products to u.s. manufacturers. so the one that has been talked about a lot today are rare earths china is the biggest producer of rare earths, and these metals are important for a lot of different products that are in u.s. companies and u.s. products such as consumer electronics >> the t

blumberg has learned that a senior official led by treasury secretary steven mnuchin extended the invitationterparts in china. theyalks have agreed to -- are unlikely to take place in washington. rose, then asia development could ease tensions. bestcane florence who is delivering a rainy punch and threatening a huge swath of coast land before making landfall. category three storm is forecast to deliver as much as 30 inches of rain and has the potential to trigger catastrophic flooding. it is expected to drive a 13 storm -- a storm surge that -- to towns that have been evacuated. you can find more stories on the bloomberg at top . nejra: let's check in on the markets in asia. a bit of risk on today. thed: as we head into latter part of the trading session at 2:00 p.m., and 4:00 p.m. in sydney. these markets are closed are entering the last few minutes of trade. there was the hint or invitation to come back to the table and talk. it also shows how desperate we are. arguing for any good news in trade that we latch onto it. a very -- very quickly. generally a sea of green with the exception

according to "wall street journal," treasury secretary steven mnuchin issued the invitation for talksg weeks. the american chamber of commerce and shanghai say two-thirds of companies in china say they've been hurt by the tariff war. >>> worries about the trump administration's trade policy prompted some businesses to hold off or scale back capital investment plans. in its latest survey of business conditions across the country, the federal reserve found most remain optimistic about the company, but as trump administration policies are pushing costs higher for manufactured goods. >>> stocks finished mixed yesterday, the dow rose 27 points. the s&p 500 added a point while the tech and nasdaq off 18. >>> the u.s. has appeared to reclaim the title of top global oil producer. the u.s., quote, likely surpassed russia in june and august after jumping over saudi arabia earlier this year. if these estimates hold, it would be the first time until more than 45 years that the u.s. has led in oil output. fracking has boosted production in recent years. >>> the median income for u.s. households gr

from mike pence to cabinet members including defense secretary james mattis, treasury secretary steven mnuchin, attorney general jeff sessions and the secretary of state mike pompeo. >> it's not mine. >> reporter: even first lady melania trump accusing the writer of, quote, sabotaging the country and trump ally senator rand paul suggesting the president force his staff to take polygraph tests. but at least one republican still not surprised. >> i think the biggest issue they're going to have is figuring out who wouldn't have written a letter like that. >> reporter: well, this morning "the new york times" is reporting the white house has a list of 12 possible suspects and today in washington as staffers work to narrow down that list, president trump is not in town. he is on the campaign trail in north and south dakota. terrell and diane. >> all right, emily rau in d.c., thanks. >>> president trump threatened to shut down the government over funding for his border wall but says that likely will not happen. at least not before november. he told fox news that congressional leadership have agreed t

>> reporter: to cabinet members including defense secretary james mattis, treasury secretary steven mnuchin, attorney general jeff sessions and the secretary of state, mike pompeo. >> it's not mine. >> reporter: but at least one republican still not surprised. >> i think the biggest issue they're going to have is figuring who wouldn't have written a letter like that. >> reporter: this morning "the new york times" is reporting the white house has a list of 12 possible suspects and as staffers rush to narrow down the list president trump is on the campaign trail in north and south dakota. emily rau, abc news, washington. >>> you are never more than seven minutes away from my accuweather forecast. let's talk temperatures. look at these. very comfortable, mid to upper 50s throughout the east bay valleys until you get towards antioch, 62, pittsburgh 68. these are the neighborhoods that will be in the 90s this afternoon. we're talking about a 35 to 40 degree jump from this morning to this afternoon. try get all the nice cool air in your house while you can so it's there when you come home. a look

>> it is and to a certain extent, the markets were cheered by the news that steven mnuchin had invited his chinese counterpart to sit down for another round of negotiations. we also have the president make clear that he still thought he had a lot of leverage in these talks. he raised questions about whether these talks with lead anywhere. what we are really seeing here is that the administration is planning to keep going ahead. the plowing ahead with the tariffs and while it is willing to talk with the chinese and sit down, it is not putting all of its hopes in that basket. >> we have had wilbur ross tell us the president wants to see how the chinese react to more pressure. this is a negotiating style. >> absolutely. throughout this year, what we have seen as the president likes to increase pressure. he thinks these tariffs give him leverage. there is certainly a faction in the white house that sees these tariffs as a long-term adjustment. these are a new normal. these will help rebalance the trade relationship. trump in a president place where he feels happy about either outcome. eith

administration will join president donald trump including vice president mike pence and treasury secretary steven mnuchin. >>> the united states could see another billionaire from new york in the oval office. former mayor michael bloomberg is considering a run for president p laura ingle tells us why he would run as a democrat.>> reporter: we've been here before. talk of a possible run from michael bloomberg the three- time mayor of new york city and multibillionaire who is considering a run for president in 2020.>> he puts up the balloon and floats it, it sinks. he realizes he could not win in 2008 or 2012 and not 2016. >> a spokesperson confirmed to foxy is considering a run as a democrat.>> reporter: the native new yorker has worn many hats throughout his political life, once a democrat than a republican now independent he told the new york times he firmly believes only a major party nominee in win the white house. he's upping the ante for the midterms recently saying he would give $80 million to democrats in hopes of flipping the house of representatives while attending a summit last week. >> the rep

treasury secretary steven mnuchin "the wall street journal" quoted a senior official saying china won't negotiate with a gun pointed to its head. the foreign ministry addressed the speculation saying china firmly insists that equal talks on the basis of mutual respect are the only way to solve trade issues brian, chinese officials have repeatedly said in the past that they do not want to negotiate under threat thank you very much. >>> coming up. a sign of the time we'll tell you who bout the time for 1 t95 one firm is projecting $1 billion lost in business we'll be back right after this . ♪ ♪ so they can look up and see the place they live. ♪ ♪ and prove that the real world beats a post. ♪ ♪ ambitions live everywhere. synchrony helps make them happen with customized rewards and financing available at over 350,000 locations. synchrony. what are you working forward to? >>> welcome back futures are lower. the iconic "time magazine" has a new home. >> i guess now he can't be time's person of the year. conflict of interest meredith corp is selling to sales force co-founder mark beniop and hi

talks with china in the near future and that the outreach is being led by the treasury secretary steven mnuchinot word that the technical negotiation chief is headed to washington, this is the mexico nafta negotiator. looks like progress on both trade fronts. will there be a resolution to trade or will there be the question, will it take forever for this to get resolved? >> ultimately, there will be a resolution. what this shows is that the u.s. is quite flexible in terms of their trade partners. they talk to china and they talk to mexico. i think there would potential he be bad news desk potentially the trump doesr europe, not have a lot of good things to say about europe but he is a businessman attitude and if he sees an opportunity with mexico and china, he will do everything to get at least a fair trade deal from this perspective, and at the end of the day, those things come down to a compromise. there will be a resolution eventually. julie: i know your firm uses systemic strategy, some of them driven by artificial intelligence, a lot of them more short-term trading strategies. what opportu

producers in the upper midwest breaking that the united states, steven mnuchin and particularly, is reaching out to china to get talks going at a high level once again. have you heard that directly? sen. rounds: i visited with the chinese ambassador several weeks ago. a group of us got together with him and visited. they have an interest in moving forward and understand our concern with regard to intellectual properties. they would like to find a way to resolve it and are asking for our understanding, within the culture, they have never recognized and electoral property as being a right. this is a challenge for them internally. tothe same time, they need come around to the world view on the importance of intellectual property. we hate to see soybeans as a trading chip in south dakota, that is a major commodity for us. chinar the united states, was a primary source of where we would move those products. they would account for nearly 25% of our entire crop. we will not do see a deal complete with china but we understand how important it is to get the issues surrounding intellectual property ta

the vice premiere and steven mnuchin were supposed to meet, now that discussion is in jeopardy earlier today it was said the tariffs poisoned the atmosphere for negotiations so a lot of people feeling very pessimistic about what will happen next. so there are reports also today that the vice premiere had convened a meeting to try to strategize what china's next move should be china has already been signaling it plans to hit the u.s. back with tariffs on 5 to 25% on 65 billion worth of goods the concern among the u.s. business community is that china will impose more qualitative measures so the u.s. business community has seen this as defined as tax audits or possibly greater inspections at the port when it comes to customs so they're worried about that. another idea coming up and getting attention is the idea of export restraints. the former finance minister over the weekend said china could adopt this kind of tactic. that means that chinese companies would be restricted from selling certain components to u.s. manufacturers in the global supply chain. and one of the products that has b

yvonne: putting pressure on steven mnuchin as well. rishaad: thank you very much. yvonne: paul allen joining us from sydney. u.k. prime minister theresa may will defend her brexit plans on monday as speculation grows about a potential leadership challenge. in an interview to be released later, she will say that the so-called plan is the only strategy that delivers brexit without a hard border with ireland. wars johnson told the daily telegraph that the plan is a car crash. johnson told the daily telegraph that the plan is a car crash. survey delivered a 60% negative view of emmanuel macron with just a 19% positive. top concerns include purchasing power, unemployment, and tax relief. macron's government cut prediction for 2018 growth. typhoon mccaw is weakening heading into china. state media say at least two people died in guangdong province. are atimated losses least $30 million usd. hong kong schools and universities will remain shut on monday but casinos can resume gambling. tropical storm florence has weakened into a depression. dangerous flash flood conditions

treasury secretary steven mnuchin already on the chinese side people were feeling uncomfortable becauseu.s. -- president trump had decided to slap tariffs being imposed today and go ahead with that and last week the u.s. imposed sanctions on china's defense ministry for buying and procuring military equipment from russia. so china was very upset about that so at this stage, karen, it looks as though at least most of the people that i've talked to here think that there is no end in sight and they're worried about what this is all going to mean for consumers, for companies as well as for economies. in fact, fitch just cut the growth forecast for the country, for china, for next year from 6.3% to 6.1%. >> eunice, we appreciate the perspective. thank you very much. >>> meantime, they're talking about how duties will impact the chinese economy head to cnbc.com on whether china is feeding the effects or whether the growth story is over for the country. >>> the woman who has accused u.s. supreme court nominee brett kavanaugh of sexual assault will appear before a senate hearing on thursday. ch

. >> still no word on whether china will accept the invitation from treasury secretary steven mnuchino re-engage in trade talks. while that's on hold, the u.s. is moving forward in its negotiations with canada president trump spoke with prime minister trudeau last night. a spokesman said trudeau reaffirmed his commitment to a deal that works for both countries. trump just yesterday pointed to canadian dairy subsidies as one of the remaining sticking points now, we just saw foreign affairs minister chrystia freeland arriving at the u.s. trade representative's office for talks. she said negotiators had been working through the night. she was spotted at the airport, guys, wearing a t-shirt that said "keep calm and negotiate nafta. that is good advice for all of us back over to you >> thank you for that. >>> big annual conference from the air force association is under way just outside of d.c. jeff bezos speaks later today. meantime, i did catch up with the secretary of the air force, heather wilson, for an exclusive interview. take a listen. >> what we had to lay out and what we were ask

they include pentagon chief james mattis, treasury secretary steven mnuchin, vice president mike pence, director of national intelligence dan coats, national security adviser john bolton, homeland security secretary kirstjen nielsen, and others. kentucky republican senator rand paul said thursday the white house should require administration officials to take a lie detector test. in washington, d.c., a federal court jury deadlocked thursday over whether to convict former blackwater contractor nicholas slatten on murder charges for his role in the 2007 nisoor square massacre in central baghdad, where contractors for -- where blackwawater contractcs killed 17 civilians after opening fire with machine guns and grenades on a crowded public square. the attack has been called the "my lai massacre of iraq." in 2014, slatten was convicted on murder charges over the massacre and sentenced to life in prison. but an appeals court voided that conviction and ordered a new trial for slatten, which ended in thursday's hung jury. in cincinnati, ohio, a gunman opened fire at a downtown bank thursday, k

trump's s latest tariff threat y also jeopardize the planned trade talks between treasury secretary steven mnuchin and top chinese officicials later this month. in texas, a supervisory border patrol agent has been arrested for murder after authorities say he confessed to killing four women. agent juan david ortiz was arrested after a fifth would-be -- fifth woman narrowly escaped and alerted authorities. officials say agent ortiz was targeting women sex workers. he has worked as a border control agent for 10 years and is a u.s. navy veteran. this is webb county district attorney isidro alaniz. close to law enforcement ,nvestigators in the case probable cause to believe this individual was responsible for this series of murdersrs, whichi would qualify as a serial murderer, that we have, so we will be looking at what charges to put on him, potentially four charges of murder andnd aggravad kidnapping. amy: guatemala's highest court has ordered president jimmy morales to allow the united nations-backed anti-corruption commission to return to guatemala and carry out its investigation into graft and ill

treasury secretary steven mnuchin according to the wall street journal. jeffrey you, head of u.k. investment office for ubs wealth management. towe get closer and closer real movement on a resolution in brexit, we can also see trade tensions rising to levels we haven't seen in recent years. what do you make of donald trump's trade war? guest: i think right now markets are trying to determine which is less surprising rather than more surprising. right now in terms of the trade war, trump wants to air on the cautious side rather than anything speedy. i know there's this narrative 're heading into the midterms, this is a tactical ploy. if you look at the rhetoric coming through, volatility is going to drive things for come. anna: just a word on the headlines crossing the bloomberg this morning. with got china shanghai composite closing at its lowest level since 2014. just undermining the extent of the mood we've seen in the equity session and tensions around the trade war, this grace me to this chart on the bloomberg, which underlines the extent of which the

they are determined not to investigate secretary of treasury steven mnuchin business dealings and blocking personal e-mail use of white house staff and ignoring how taxpayer money has been wasted by corrupt cabinet secretaries, for first class travel, private jets, large security detail and office expenses and other misused perks, giving the president a pass on investigation into the motives behind his travel ban and family separation policy. they definitely don't want the public to see how poorly the trump white house responded to hurricane maria in puerto rico and finally they don't want the public to see how the administration is failing to protect our elections and guard against hacking attempts. these are all things that deserve attention and inquiry of this congress. but the republicans are not going to let it happen. let me just go back in the last 40 seconds and talk about election security because we're 60 days away from the midterm election. we know their only efforts to disrupt our democracy and the same foreign and hostile actors are using this very platform, twitter and others

they are determined not to investigate steven mnuchin's business dealings. they are blocking public inquiry into the personal email use of the white house staff. ignoring howfully taxpayer money is being used by corrupt cabinet secretaries for personal travel. they're giving the president a pass on the investigation into the motives behind the travel ban and family separation. -- family separation policies. they do not want the public to see how poorly the white house responded to hurricane maria and puerto rico and they do not want the public to see how the administration is failing to protect our elections. these are all things that deserve attention and inquiry of this congress. but the republicans will not let it happen. let me just go back in the last 40 seconds and talk about election security. we are 60 days away from the midterm election. toknow the ongoing efforts does -- disrupt our democracy. we know the actors are using this very platform, twitter and others, to sow discord. we know the public is desperate for their representatives to protect dem

market is down some 300 points on some trade headline, which it will be, see what they do see if steven mnuchinmes on tv. >> it's a clear escalation it keeps going i don't know why you don't believe he's not going to not keep going >> the 200 billion i think we've already kind of -- you've been living with that for a while look at the industrial stocks, look at caterpillar. it's down from 170 to 140. tom, let's quickly come back to apple here i know it's early days here. people need to understand what is sourced from chine wraush wh, what actually is at risk here. but any percentages for the various products they're talking about? >> i think you have to think about as the possibility of call it the midsingle digit, high single digit increases in their products and i think the one that's been talked about the most historically has been the apple watch, which admittedly is not one of their most important products it'd be a lot more damaging if it was hitting the smart phones. but i think, again, in apple's defense or in apple's favor is that generally speaking they have pricing power, so it may n

they are determined not to investigate secretary of treasury steven mnuchin's business dealings.they are blocking public inquiry into the email use of white house staff. they're ignoring how taxpayer money has been wasted by corrupt cabinet secretaries for first-class travel, large security details, expenses and misuse perks. they are giving a president a pass on the motives behind his travel ban and family separation policy. they do not want the public to know how poorly the white house responded to hurricane maria and finally they do not want the public to seeing how the administration is failing to protect our elections and guard against hacking attempts. these are all things that deserve attention and inquiry of congress. republicans are not going to let it happen. let me talk about election security. we are 60 days away from the midterm election. we know there are ongoing efforts to disrupt our democracy. we know these same actors are using this very platform, twitter and others, to sow discord. we know the public is desperate that their representatives will act to protect d

from the president, of course, more tariffs, steven mnuchin point today more talks, you can understandstration the chinese feel and market sentiments remain weak in europe. lauren: do you expect china to cancel talks as a result of all of this? >> you could walk away of this and would put us in the back foot, i think that might be the way the chinese are playing it and china's response on the way as well if he does, indeed, announce tariffs. cheryl: chris out of london, thank you for being here, we appreciate it. lauren: and thank you for being here on this monday morning, that's it for us, we will say good morning to dagen mcdowell. mornings with maria start now. dagen: good morning, ladies, we have a lot of red going on, cheryl casone you look fabulous, so do you lauren, monday september 17th, top stories at 6:00 a.m. eastern. florence fury tropical slammed with heavy rain and flooding. >> flood waters are still raging across parts of our state and risk to life is rising with the angry waters. this storm has never been more dangerous than it is right now for areas from fayetteville a