has been. reporter: . china stole records in 2014 from the federal data base. >> this appearance of weakness has been provocative to our adversaries who attacked us again and again with growing severity. '. reporter: the white house respond to his statement that russia crossed the line. >> it doesn't mean you start shooting.st week his administration imposed sanctions on russia and expelled 35 russian diplomats. the white house spokesman said they wanted a forceful response and they had enough to go on. lou: president-elect trump tearing into the national media claiming he sided with jewel yawn assange and tweeted this. i simply state what he state. it's for the people to make up their own mind as to the truth. the media lies to make it look like i'm against intelligence, but in fact i'm a big fan. but it was the democratic national committee that rigged the presidential primary system and tried to rig the outcome of the election. emails from the dnc revealed contempt toward bernie sanders and the dnc conspiring to insure hillary clinton won the nomination. three top dnc officials a

china. that's something you did not hear for 8 years in the obama administration. >> this president is also showing that he can, if you will, delight and revel in understatement just as much as does hire bowl from time to time. the 14-1 vote in the flaits in which the united nations security council tried to overwhelming u.s. sovereignty and its support as jerusalem as its capital fit so chooses jerusalem as its capital. it had everyone in the security council beside themselves. then to veto the resolution was a magnificent moment. you can see the president

china which is much worse. we have a trade deficit right now with mexico of 71 billion. people can't believe it. we have trade deficits with almost everybody, but we're changing that. >> lou: when you focus first on free-trade people oh, my gosh he's talking about isolation-- >> president trump: unbelievable >> lou: then they started looking at the numbers to see that we are among all of our trading partners that this country is the only one who said please take what you want. we don't have to have a mature intelligent relationship with you. we don't have to have balanced trade. every other major partner does precisely that. >> president trump: the wto, world trade organization was setup for the benefit of everybody but us. >> lou: right. >> president trump: they have taken advantage of this country like you wouldn't believe and i say to my people you tell them like as an example we lose all the lawsuits almost all of the lawsuits in the wto, within the wto, because we have fewer judges than other countries. it's setup you can't win. in other words the panels are setup so you don't h

trump's response to the provocation of iran and north korea and warnings from russia and china and from the u.s. ambassador to the united nations, john bolton. ambassador, great to have you with us. first, developments out of the syria, 11th unit to support the assault on raqqa. >> these are not advisors are trainer ares for syrian opposition or iraqi forces. this is a tangible indication that the trump investigation is taking hold of the strategy. even if it was part of the contingencies that the military put together in the obama administration, given that the president asked for a pept gone review about isis. this is a significant move. >> lou: it is a significant move and i thought the defense department response underway for sometime. but nothing is underway without the approval of the administration. there is a gap here right now. there are very difficult communications. i think mistakes taking place in this administration on a number of departments, that is one where it shouldn't have. that is a clear line between the commander in chief and whatever the mission is for combf our f

what china is doing. that significant, they stopped coal imports out of north korea, a major source of revenue, they are toying with the idea of shutting off oil. if they do that, this is china to north korea oil, they will be a significant economic impact. they made up their mind to put sanctions on north korea, but they don't want to collapse the regime they want to preserve the regime for obvious reasons. we have to see how much they do. and i think that congress doing this makes some sense, they should. but, this is a country that does not trade a lot. this is a country that is closed off and isolated from the world los angeles, they don't have any -- world already, they dean have any money in our banks. lou: turn to these again near passes of the russian bear bombers, this time they were accompanied by two advance fighter jet fighters. what are we to make of this? just as the president and putin seem to be and secretary of state, rex tillerson, talking about greater stablization in the relationship, here comes putin with his bombers and two jet fighters. >> yeah, most of this i

to be a role for government in alternative energy. you look at germany and look at china and brazil, they are all investing in the alternative energy. >> i'm totally on board. there should not be government picking winners and losers especially in industry but even without government picking winners and losers we would still see this company being successful. the amount of value-added of tesla is phenomenal and they are not doing it on taxpayer's dime. john: i will keep an open mind about tesla but juan says these open subsidies germany and many these companies have now figured out oh my goodness electricity cost so much and they are cutting back on the subsidies while we keep them going. >> i think subsidies in general are a disaster. their take money out of the productive or of the economy subsidizing things that wouldn't be produced in the marketplace but if you see a company that is successful that most of its money is coming from the private sector, that's good. we also see them facing -- if you are a restaurant and you sell some of your meals to a government official who all o

war with china had already begun and that there is no military solution to north korea. some say his departure could break the legislative log jam, something they may like. >> and that may be why stocks initially rose on word of mr. bannon's ouster. but the gains fizzled in topping trading. dow jones dropped to 21,674. nasdaq was off five. s&p 500 down four. it was the second week in a row r indexes fell as you see there. bob pisani has reaction on wall street to the events in d.c. >> it was a very nervous open trading was mixed early on, but at 11:18 eastern time. word came from washington that the white house was prepared to fire steve ban p. the s&p which was down five promptly rallied in minutes and another five point over the next hour. n fired e new yo about 12:40 p.m. eastern time, stocks rose further. the markets have spoken and they clearly prefer white house economic adviser, gary cohn, for the stable ility he provides. ho, ss dropped yeste on reports cohn might leave the white house and have rallied on confirmation bannon is now gone. important thing here is traders waned

mexico totaling 60 billion and the united states has a trade deficit in goods with china. joining us to talk about the trump administration's prospects and what it is doing to ensure stronger growth and trade is the secretary ross. it is great to have you with us. i know you are busy as you can be going after all of the issues. starting with one you highlighted today. that is on lumber. soft wood lumber which canada is dumping lumber in this country for a very long time supported by subbe sides in canada. >> unfortunately, lou, it is true. the way it works, the provinces own the sanding timber and they charge way below market fees for what is called stump sxaj namely the right to cut the trees down. that in turn, lets the canadians ship lumber in the united states at a subsidized price. and they have a 35 percent market share and the debate as you point out has been going on a while. >> lou: i have to say mr. secretary, i am thinking back on at this time campaign trail and so often president trump said we have to have a smart government and behave smartly. it appears that almost e

china violates the trade. >> lou: we sound like thin milk toast. >> that is a way of putting it. we need to take steps. the violation of the treaty has to be delivered up and show woo are paying attention. i would withdraw from the inf treaty. it was a good idea at the time it was signed but only two country s in the world that are bound not to have intermediate nuclear tipped missile and that's the united states and russia and russia is violating the treaty and that means china and north korea and n bound by it. we are the only country are not bound and that would wake the russians up. >> lou: it is a point you make and put that way, we do look like fools. >> another diplomatic way of putting it. >> lou: i lost my edge on diplomacy on that one. thank you ambassador bolton. always diplomatic. breaking news, discipline councillor kelly ann conway said violated protocol on the thank. there is humor to think that the counsellor to the president would be counselled. the oeg went too far and president trump in my opinion, my opinion he shouldn't waste time on the matter. but i think the

"nightly business report." >> the luxury jeweller tiffany's said strong sales in japan and china i know what higher prices helped offset weakness in the americas. tiffany's acknowledges. the shares up nearly 3% on the session to 92.42. meantime the enterprise company mule soft, yes, mule soft, went public on the new york stock exchange today opening at $17 a share. the company isn't profable yet but says it is confident in the future of its business. >> our biggest thing is that had all of our software subscriptions are annual or sometimes three-year contracts. and then we renew them with our customers and expand them dramatically over time. so it is the land and expand mod that he will helps us be more productive from sales and margareting standpoint. >> and shareser soared more than 45% in their market debut. they finished at $24.75. >>> biotech company astro zen today said the food and drug administration rejected the medication intended to treat high levels of potassium in the blood following the inspection of the manufacturing facilities. this is the second time fda has turned down

. >>> standard & poor's has cut china's credit rating for the first time since 1999. the rating agency is citing risks from soaring debt in that country. analysts say the downgrade highlights challenges faced by communist leaders as they cope with slowing economic growth. >>> president trump announced new sanctions on north korea and said china, north korea's biggest trading partner, has ordered its banks to stop doing business with pyongyang. >> china. their central bank has told their other banks, that's a massive banking system, to immediately stop doing business with north korea. this just happened, just in addition to everything else, what we will do is identify new industries, including textiles, fishing, information technology, and manufacturing, that the treasury department can target with strong sanctions. >> the treasury secretary today said the u.s. plans to call on russia to do more as well on the north korean situation. >>> in mexico city, rescuers there continue to push through debris for signs of any life, two days after that powerful earthquake rocked the city. the pres

china a currency manipulator. that goes directly against something he promiseding his voters on the campaign trail. he says, "i like low interest policy." he must like what the bond market is doing now, bonds are staying low. >> a lot of news to get through today, kayla, thank you for helping us. >>> on wall street today, stocks closed lower as investors assessed the geopolitical landscape. the dow dell 59 points, nasdaq down 30 points, s&p 500 fell nearly nine. bonds yields, as kayla mentioned, lower too. >>> americans are conflicted over the president's policies. according to a new survey out today, steve liesman explains there's strong support for many of the president's initiative but with that support comes a lot of uncertainty. >> reporter: there will be no niagara falls or caribbean beaches for the trump presidency. the cnbc all america survey shows he's not getting any honeymoon at all. just 39% of the 804 americans polled from around the country approve of the job president trump is doing. the average president in his first three months, going back to ronald reagan, enjoyed

provocations with another rocket test as the president trump pressures china to do more. >> i wish we had more help with respect to north korea from china. but things are not working out. dear predictable, there's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced. our senses awake. our hearts racing as one. i know this is sudden, but they say...if you love something set it free. see you around, giulia so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. >> lou: joining us tonight. lieutenant colonel tony scaffer, great to have you with us. >> sure. >> lou: turning to north korea. you said you think there needs to be a retaliation in the case of t

relations with russia, mexico and china. >>> president trump will reportedly meet with a large group of ceos on friday, according to dow jones, the meeting is expected to cover topics like regulation, tax, trade. this comes as the white house works to develop a strategy to increase economic growth and hiring. the ceos are part of the president's previously noumsed strategic and policy forum. it is not clear if all members of that group will be there. >>> still ahead, missing the mark. if you are in the market for an electric vehicle, there's a pocket of them that did not earn the highest safety grade. >>> a jury has ordered facebook to pay $500 million in damages. the lawsuit brought by the game maker alleged that facebook's virtual reality unit oculus was based on stolen technology. the jury found that the co-founder violated a nondisclosure agreement with xenomax. faeb says it will appeal. >>> the nation's largest land lord made its debut. behemoth blackstone priced at $20 a share last night, finished the trading day at that level. they opened and rent single family homes. it is no

back. energy really has been dictated a lot by controlling of supply out of should ra. china's weaker economic data today may indicate the demand is not quite there, so we might see a little bit of a bounceback in here, could be more of a technical bounceback, but there seems to be plenty of oil overall. >> all right. michael, thank you very much. michael farr, farr, miller & washington. >> thank you. >>> at the white house the president denounced white supremacists and racist violence two days after bloody demonstrations and bloody car attack in charlottesville, virginia. >> racism those who cause violence in its name are criminals and thugs including the kkk, neonazis, white supremacists and other hate groups that are repugnant to everything we hold dear as american we are a nation founded on the truth that all of us are created equal. >> his remarks follow criticism that his initial statement over the weekend stopped short of condemning racist groups specifically. that prompted the ceo of merck, ken frazier, to resign from the president's american manufacturing council early

plugging into china's electric car market. the automaker is planning a joint venture in that country which is the world's largest car market. volvo which is owned by a chinese automaker is wrapping up its own push to build electric cars. fill lebeau has more on the charged up interest to sell cars that plug in. >> reporter: when you mention electric cars, most people talk about tesla and maybe the chevy bolt or nissan leaf, but volvo and its new xc 60 crossover utility vehicle, which is a plug-in hybrid, is out to shift that perception. >> now this is an evolution and not a revolution. and we have made a few statements in the past being volvo. we have said by 2025 we want to have 1 million electrified cars on the road. >> reporter: ford is joining the race to plug in cars. new ceo jim hackett has inked a deal to work with chinese automaker to build electric vehicles for chinese buyers. why? because electric vehicle sales in china far outpace the u.s., germany, and france. in short, the chinese are plugging in and they're pushing automakers to go green around the world while americans

expect ed to announce plans to expand in assembly plant. a huge move since china is the world's largest auto market. and the ch is aggressively pushing adoption of electric vehicles. in the airline industry. the big question is what impact enhanced security screening will have on approximately 2,000 flig lan ng the u.s. every day. their speculation, tighter security, could hurt the airlines because some customers might put off long international trips to the incon venus and serene yens and potential for more resfrik b t summer. >> i think we would find a way a reason. >> finally, the hyper loop is is expected to take a big step closer to becoming reality. after month of working on the technology in the desert outside las vegas, hyper loop one is planning a full scale test run in tubes covering rough ly a third of a mile. >> we're at least two-thirds the cost of hi we need much less land and we can go both aboveground or understood ground to come into city centers. >> the hyper loop is just one of the budding forms of transportation you'll hear more ab personal flying machines. imagine s

had done. we watched the files on federal employees, past president, and get sucked in to china? >> everybody who worked in the federal government including me ten years ago, thought personnel manage was controlled and it was ripped off. low lou i want to see that file of yours. >> i passed several fbi checks, i am not sure i would today. >> lou: i would like to see none of those files and to hear the department of homeland security is getting serious about it and it is woefully late and irresponsibly late. i talked for years about the passivity of president obama. i had no idea he refused to secure national security and to actually do things. he did almost nothing that was positive and productive for this country in eight years. >> we now have a guy who does things. >> lou: it is a big catch up. >> but it is catch up. and you have to undew the execute you have orders and move forward and fix the thing and what he promiseed to do in the campaign and he did this. >> lou: we have this from senator corey booker. this is one of the main stays of the dem's future electorally. corey b

its beige book survey on u.s. economic conditions. china's president will make a speech opening the party congress. that's what to watch wednesday. >>> one wall street firm is warning that lower ratings for nfl games will hurt cbs's earnings. credit suisse cut third quarter estimates for the company citing a 17% decline in ratings during the first several weeks of the football season. the call comes as nfl owners and players meet to discuss the anthem controversy and some other issues. eric chemi is outside the meeting for us in new york tonight. eric, what happens speci? >> reporter: so, sue, this is their annual fall meetings. they meet every year. this year it's not normal because there are a lot of issues affecting the league. like you said, anthem protests are hurting ratings. ticket sales, merchandise sales. they've got to get business back on track. players and owners are coming together to figure out are they going to let the anthem protests derail what should be a football se, not a political agenda? that's the main focus today. >> did they make progress today, number one,

later that year and into 2015. going into 2015, cashen's biggest worry was china. >> the people's back of china is very concerned. and they are looking doing something to stimulate almost a way to -- i don't want to use the word force lending, but really promote lending as well as they can. and they have problems in shadow banking and they have problems in real estate. and they'll have to work their way through that. >> reporter: right again. china was the biggest story in 2015. it rocked the investing world in the late summer with a surprise devaluation of the yuen. in 2016, the big story was oil. many were predicting an imminen bottom. cashen was not convinced. >> my gut tells me it will stay low through the first quarter of next year, maybe a little further. >> r he was right. oil continued to drop and bottomed in e bottom of the first quarter of 2016, then began a slow crawl back. you don't hit it right all the time. at the e last year, cashen was concerned about the wave of populism that might sweep through europe after donald trump's election. >> it wouldn't take much to get the

home. he singled out russia and china as rival nations which seek to diminish u.s. power and security. also president trump and republicans on the verge of a major tax cut victory. rino senators mike lee and susan col thrins joining with the gop announcing they will support tax reform legislation, boosting the chance of passage this week. tragedy in washington state. an amtrak train making its first run ever along a faster new route hurtled off a bridge while it traveled 80 miles an hour. local officials warned such high speeds were bound to end in disaster. ed the president today outlining a new national security strategy of principled realism and global competition. >> for the first time american strategy recognizes economic security is national security. economic vitality, growth and prosperity at home is absolutely necessary for american power and influence abroad. any nation that trades away its prosperity for security will ends up losing both. lou: the president's new strategies organized around four pillars, protecting the american people, protecting the homeland, the american

president prepares to meet with the leader of china tomorrow in florida. still ahead, who's behind panera's deep-pocketed buyer and why this firm is not like it's peers. >>> amazon won the rights to stream thursday night football games for the 2017 season t. one-year deal valued at $50 million. amazon will stream the games to members of its prime subscription service. >>> investment curve firm called j.a.b. holdings is buying the fast casual soup and salad chain for rovly $7.5 million of buyouts and shares of panera hired by 14%. the buyer is a large, yet little known, european holding company, which has still an aggressive buying spree. they tell us who is behind j.a.b. and why they want this american chain. >> reporter: if it has seven people in a room in you, emburg making the biggest bet on the american breakfast market. j.a.b. has caught the attention of wall street after announcing a deal with panera today, one for krispy kreme and curegg the year before that. in recent years, they acquired coffee andine tine noah. they hold steaks and luxury brands like bali and jimmy ciho.

is engaged in a bunch of fights. whether it is russia, china, north korea or iran. this president is facing as general kelly pointed out yesterday. this administration is facing an extraordinary range of threatses in foreign policy and national security. it is unprecedentsed. >> the most important thing is he is a fightener the white house. he shouldn't have to fight his own side. that's what the republican ares need to know learn. he is providing us with leadership upon and we need to follow tell. the critical thing is there is a lot of wasted money in the government and he will try to reset. >> lou: the democrats in georgia came close to winning that race last night. the chair woman of the republican national committee last night said if the republicans don't understand they have to deliver on the president's agenda to avoid a devastating result next year they are beyond comprehension. >> i watched her on the show. she is a mechanic and state chairman and understand upons the mechanics of day-to-day politics. the democrat came close to winning. i don't think he will win. the onl

: the people's liberation army on their way to djibouti on the horn of africa. china joining the united states, france and japan with bases in gentlemadjibouti. joining me now, fox news military analyst retired four tar general jack keane. good to have you here. this is an intriguing spot to me. djibouti, it's remote and at the same time in the thick of things strategically. to have so many countries in one small country with their militaries, is there any other place in the world like it? >> no, there is none other quite like it where we have that's countries sharing territories in terms of military bases it's a crossroad between the middle east and trick not far from the indian ocean. djibouti. as you mentioned in the intro, china revised the regional order in the pacific to be sure. they projected power in the south china sea, building base there. projecting power in the east china sea. this is part of their global strategy. they want to be on a par with the united states in terms of influence in the world globally. but their long-term strategy is to replace the united states as the

administration shares some of the blame after failing to retaliate after china stall records in 2014 from the office of personnel personal mt security clearance database. >> our nation has no policy and thus no strategy for cyber deterrence. this appearance of weakness has been provocative to our adversaries who have attacked us again and again with growing severity. >> after the hearing, they responded to mccains prospect. >> it doesn't mean all of a sudden to start shooting. >> i don't have a new label to apply twitter today. >> the time is worth noting mr. obama got the final reports today, but last week his administration post sanctions on russia and when asked about the gap in timing, they wanted a forceful response and had enough to go on. >> lou: catherine, thank you very much. catherine herridge reporting. president trump peering into the left-wing national media claiming he sided with wikileaks founder julian assange. he tweeted this. that is out as media likes to say i am in agreement with julian assange. wrong. i simply state what he states, it is for the people to make up their ow

heart of what matters. >> lou: the people's liberation army on the way to the horn of africa. china establishing the first overseas military base there. china joining the united states, france and japan with bases there. and sexual assault about to build a base there. it is all part of the china global strategy to eventually replace the united states as the military pour in the world. joining me is retired four star general jack keane. this is an intriguing spot. objouti. and in the think of thing and so many countries with the militaries, is there any other place in the world like it. >> no, none other quite like it. we have not many countries sharing territory in terms of military bases. it is it a cross roads between the middle east and africa and not too far from the indian ocean. it is located and they incent vise countries to come and do that. china has revised the regional order in the pacific to be sure they project pour in the south china sea. and projecting pour in the east china sea. this is part of their global strategy. they want to be on parwith the united states in in

in a bunch of potential fights. whether it be russia, china, north korea or iran. this president is right now facing as general kelly himself pointed out yesterday, this administration is facing a extraordinary range of threats in foreign policy against our national security, it is unprecedented absent war. >> the most important thing is we have a fighter in the white use, i believe that president is willing to make the fight, he should not have 52 hifight his son side, own side. this is president we need to stand up and follow. i think that critical thing is a lot of money wasted in this government, a lot of priorities that need to be reset, he will try that. lou: democrat, stree 48.5% of vote in sixths district in georgia came very close to winning that race last night. if the republicans don't understand they have to deliver on their president's agenda to avoid a devastating result next year. >> she did a wonderful job. i think that key thing is she been a state chairman, and a mechanic, she understands mechanics of day-to-day politics, the thing is that the democrat came close t

, especially in markets like china were sales rose 12%. but nike's stock has been lagging. adidas and the broader market as consumers opt for more faxable athleisure over performancewear. nike needs to get the cool factor back. i'm sarah icen for "nightly business report." >>> the dow recorded its first four-day losing streak since june. it fell 11 points to 22,284. nasdaq rose nine and the s&p 500 was up just a fraction. >>> the ceo of equifax is out. the company announcing this morning that richard smith is retiring in the wake of the massive breach that potentially impacted 143 million americans. and his departure comes days before he was to appear on capitol hill. aditi roy is on the story for us. >> reporter: equifax announced big executive changes starting from the top. the board of directors appointed board member mark fieldler to serve as chairman, and seven-year veteran of equifax paulino rivera jr. was named as well. the ceo walking out the door days before he is to appear before congress is an abdication of his responsibility, critics said. smith is scheduled to testify about a

compete in china, the world's largest auto market, where the government is aggressively pushing its residents to plug in their cars. >> they've got to focus on the now, with cutting costs and producing more suvs, because those are popular all over the world. but they've also got to be investing in the future technologies like electronic vehicles, like connectivity in cars. that's not going to pay off for a while. >> reporter: ford's chairman bill ford hired hackett to shake up the automaker. but he knows shifting gears at a company that's built cars and trucks for a century will take time. still, hackett knows he's on the clock. >> i want to declare to you that i get up every day feeling like time could be wasted here if we don't get moving. i feel a real sense of urgency. >> reporter: ford investors also feel a sense of urgency. their shares have lagged other automakers and the market as a whole over the last couple of years. phil lebeau, "nightly busi. >>> coming up, will malls have to look a lot less like malls to keep shoppers coming in this? >>> consumers are expected to spend

can't compete with wages with china and make sure we as a nation can move forward the economy. and the environment. it is better to produce energy here under reasonable regulations than overseas. i have seen it as a former navy seal. look at the middle east and africa. we can do it better and at a lower cost point here. >> earlier this month you announced the department will offer 70 million acre, texas, lewisville, the gulf region for gas and oil exploration. they are unimagined possibilities in every election going back a number of years. this is truly, it is truly a land mark moment in our history. >> it should be. we need to infrastructure and stop straining our asset ises and that means our railroad systems to make sure we are efficient. the president is a huge supporter of the environment and all of us strive for that and should is recognize that jobs matter. the social costs of not having an economy is huge and it will cripple our country. environment and jobs matter and energy independence and transport energy and checkpoint russia. transport or subplant crude. that is how you

relates to china, a lot of questions about exactly what the pace of chinese economic growth is. while it's decelerated, the worry last year at this time was that it was decelerating towards something like a hard landing and was going to suck in with it the emerging market complex that relies on chinese growth for exporting goods and services. that's not the case this time around. i have a more sanguine view on how we start the year, even if we have to overcome some correction in the meantime, simply to work off some of the euphoria in equity markets. >> how can i make money this year? what sectors, what individual names do you pinpoint for 2017? >> sure. well, giving the aforementioned with regard to one of the sectors that was mentioned, financials, i agree that's a sector likely to prosper. a steeper yield curve ought to help net interest margins, making them attractive to banks. economic growth ought to bode well for lending activated. at the end of the day, if we see any kind of reregulation regarding dodd/frank, that ought to boost the ability to put capital reserves to work. >>

million jobs in the u.s. by getting more small businesses to sell to china and other asian countries. the two talked to reporters when mr. trump commented on the upcoming confirmation hearings for the cabinet picks. >> they are going great. >> i think they will all pass. every nomination is at the highest level. jack was even saying they are the highest level. they will do very well. >> one day before the confirmation hearings begins, mitch mcconnell met with the president-elect to strusz strategy and late today new reports that donald trump's pick for secretary of state, exxon-mobil ceo rex tillerson did business with iran while under u.s. sanctions. in washington we have more. amen, will mr. tillerson face the toughest grilling and there are a number of them scheduled. >> tilson has been viewed as the most broad of the appointees. we will have to see how the hearings go. the new story from "usa today" this afternoon, reporting that exxon-mobil did business with iran through a sib sydiary when tillerson was an executive at the company. that will attract a lot of attention here in wa

biggest economies may have gotten off to a rocky start. leader frs the u.s. and china are meeting to di cuss some thorny issues. the talks got underway during day three of the white house's made in america week. kayl. >> president trump campaigned on getting tough on trade, and today, he highlighted counterfeit with with ceos that make coaster, gutters and pillows here in the united states. >> from day one, my administration fighting to bring back manufacturing jobs and to crack down on foreign countries that cheat. a lot of them. p and stand up theft of for our companies, our factories and our workers. >> at the same time, treasury secretary and commerce secretary ross posted a chinese delegation as part of the two country's economic dialogue. issue, u.s. trade deficit with china. which stands at $138 billion so far this year. >> china now accounts for nearly 50% of the u.s. goods trade deficit. if this were just the natural product of free market forces, we could understand it. but it's not. >> chinese premier wong swept cooperation as the country's talks entered their 12th year. >

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just as important. during his testimony, mr. ross pointed the finger at china for unfair trade practices and. his top priority is to level the playing field. >> billionaire investor wilbur ross faces a largely welcoming committee as republicans and democrats appeared to assume his choice is all but foregone conclusion. on trade, jobs and climate change, he laid out his overall expectations for the u.s. economy. >> i think we can certainly get north of 3% growth, if we do all the elements of the president's program. >> he said one of the first priorities for the new administration would be dealing with what he called unfair trade barriers. >> it is a little weird that we have very low tariffs, and that china has very high tariffs. that seems to me to be a bit of an imbalance. and it is one thing to talk about free trade. we would like to have our trading partners also practice free trade and do it in a more balanced manner. >> ross also gave his sense of the ways to pay for president-elect donald trump's massive proposed infrastructure nerve i have the. >> you support the direct

to be done about it. >> north korea's missile test will put a part to china regime. when asked if he given up on president xi, the president said never to give up. >> lou: here to discuss the president taking on north korea, russia and china and the latest on the president's legislative agenda on capitol hill. joining us is ron who is one of the overnight. congressman, good to have you with us and i have to imagine you are excited about the exalt of the speech that the president gave today and his focus on issues that are the most important of our time? >> without question. i think his strong endorsement of western civilization, particularly against threats was radical islam was churchhillian and he coupled that with a warning about the threat of western civilization at home. and in that sense. he harkened by about alexis doyoko. and then the strong support for nato and strong warning it russian serves to confound all of the media critics here in the united states and the telling sign that it was a successful speech was the media reaction. that tells you he hit it out of the park. >>

put sanctions on china for supporting north korea's missile program. david: we saw the president sign the sanctions deal against china because of the intellectual property rights. but it was clearly, even though we have interviews with intellectual properties. chinese called north korea. they pulled their ambassadors from north korea *, and russia and the united nations and then we had this announcement they weren't going to attack guam. >> we saw the mattis and tillerson op-ed in the wall street journal. david: that op-ed bothers john bolton a lot because it said we are not for regime change in north korea. >> you don't have to say you are against regime change. what you can do is put pressure on the north korean and the chinese. it will result in regime change. the elites around kim jong-un in pyongyang already upset with him could back away from him. david: this is a man that kills his own family. he would think nothing of slitting the throats of his own family. >> there have been 160 senior officials executed since kim jong-un came into power. the death toll is maybe between 450 t

game anywhere in the world. there are over 300 million nba fans in china, which most of those will never be able to attend a game. this gives incredible reach for a live experience. >> reporter: as for whether live vr could threaten ticket sales, they say it could drive interest if a fan is wowed by a virtual view of a game. i'm julia boorstin in carson, california for "nightly business report." >> that's incredible, you would have such reach to so many fans around the world. >> would you ever go to a game again? >> why would you? >> i'm contessa brewer. >> i'm andrew ross sorkin. have a great evening, everyone. see you tomo

has with egypt and china this week. here at home there's the coming showdown in congress over the confirmation of supreme court justice neil gorsuch and a possible government shutdown later this month. of course, there's a big jobs report and a lot of fed speak. that being said, some are advising a more disciplined investing approach for individual investors. >> i think for the individual investors out there, one, pay attention to your 401(k) statements. it's also important to stay the course. you know, most folks cannot be traders. it's better to be investors and focused on the long term, and continue to contribute to your retirement savings. >> according to the spoken investment group, over the past half century, april has been the strongest month for the stock market. but there's a lot on the horizon that could put a dent in that rally. for "nightly business report," i'm do >> let's turn to michael jones for more on what the market will focus on and how it all might impact stocks in the days and weeks ahead. he's chairman and chief investment officer at river front investment g

. sales in foreign markets slipped with the exception of china. but the company still topped expectations for profit and revenue. shares were off more than 1.5% to $92.55. >>> american airlines is scrambling to find pilots for the upcoming holiday travel season after a computer glitch allowed every pilot to take vacation at the same time. to remedy the scheduling issue, american airlines is offering pilots a 150% of their hourly pay as an incentive to work those dates. shares wer a tick to $49.25. >>> nokia reportedly preparing a takeover bid for juniper networks. after the bell, cnbc reported that nokia's potential deal would value the networking company at about $16 billion. nokia's shares initially rose in the extended session but finished the regular day down a fraction at $5.02. >>> meanwhile shares of juniper networks took off on the news and ended the regular session up 5% at $29.61. >>> after the bell, the apparel company pvh said sales rose above its own guidance even at the company's north american businesses, impacted by the hurricanes. pvh says it sees continued s

gorilla in the room, china is the aid to the weapons program and how we put pressure on pakistan without flipping it into the terrorist camp and giving the terrorists access to scores of nuclear weapons. gregg: can they convince pakistan to stop supporting the taliban? >> people have talked how to put pressure on china in different capacities. i would put pressure on china over pakistan's behavior. pakistan would not have nuclear weapons without china's assistance, period, closed quote. gregg: neither would north korea? >> funny how the problems occur on china's border and skated free of blame for a long time. we say to china, trying to incorporate pakistan into fear of influence through the one belt-one road initiative of building massive infrastructure to tie pakistan into china's economy, our relation with china will depend on china's performance in persuading the pakistani government giving up support for the terrorists. >> what about russia? there is evidence of supporting the taliban. >> putin is determined to stick the thumb in the eye everywhere they can, after 9/11, i remember a

crops to china, canada and mexico. and if the trade war hurts farmers, it hurts deer. and the feeling at this convention, it could hurt everybody. >> on wall street, stocks saw the first back to back declines since january. investors were not only analyzing the new health care blue print but also tighter monetary policy. the dow industrial average fell. the nasdaq was off 15 ask the s&p 500 dropped 6. oil prices held steady today at $via barrel despite the expectation that u.s. production could increase. that expectation for a rise in production was partially offset by comments from saudi arabia oil minister who said the fundamentals of the crude market are improving. brian spoke to him in houston. >> the heaviest hitters are here in texas. also the chairman of saudi. he spoke exclusively with cnbc. the heaviest topic was about opec's agreement. and i began by asking him whether he thought that would continue past the dead may. >> it is pre mature to ask. >> one week into the agreement, it has been good overall. if you look at the numbers in total. and the countries are heatin

largest u.s. automaker reported a strong sales of crossovers in the u.s. and china, despite a planned decrease in production in north america. >> we generated solid results. we're very pleased with the position of our u.s. dealer invent 120,000 units. that sets us up not only for a good strong fourth quarter, but going into 2018. >> shares gained 3%. >>> are ride sharing companies like uber and lyft killing the taxi business? those companies are becoming more popular, especially in new york city, where the yellow taxi has long been the king of the road. phil l. >> reporter: it's not the death of the cab. but there's little doubt fewer people are hailing taxis. in fact morgan stanley says more people took an uber instead of a taxi in new york city last july. it says uber snagged 36% of all rides in new york just ahead of taxis and other ride share operators. uber's rise in popularity means it is now the dominant choice for those using a ride share app, and increasingly that includes business travelers who are hailing an uber instead of renting a car or waiting for a taxi. but uber's co

china doing naval exercises in the straight of hormuz where how% 40% of the world's oil transits through just this weekend. there is definite concern about that situation. so gre of you tn us. thanks. >> thank you, contessa. >> meanwhile, the decline in oil prices may with one of the rein relatively low now. today, the president of the chicago federal reserve said he is concerned about the soft inflation data. and that it may be best if the central bank waits until year end to decide whether to raise interest rates yet again. >> i have voted with the committee on the rate increases so far. that's in part because i think that the fundamentals for the economy are good. i think that the unemployment rate falling4.3 is good. i think it's likely that we will see more inflationary pressures, but i' our current stance in policy, even though we've increased the points by 100 basis points, i think up to this point, i think we can still expect that inflation will go up to 2%. >> as he suggested, mr. evans is a voting member of the fed's policy committee right now and he added that some of the chal

trump met for the first time with china's president xi jinping. what the two world's largest economies covered in their discussion? we report from palm beach. >> reporter: >> reporter: the u.s. says a joint summit was direct, planned and that secretary rex tillerson and mnuchen, who nations agreed if four parts, diplomacy, economy, cyber security and culture. additionally, they're pursuing 100-day talks on trade. they are going to meet with commerce secretary ross fights a growing report between the two countries t. news is coming out of the united states thursday while they launched 59 airstrikes in response to a chemical attack there. assisting the president, a unique military covering a secure location at trump's mar-a lago resort. president trump says the meeting was productive. >> i think we have made tremendous progress in our meeting with china. my representatives have been meeting one-on-one with his counterparts from china and it's i think truly a representation will be made to make official progress. >> reporter: the airstrikes while the two world leaders dine together a. whi

%, the s&p is up 90%. >> when warren bought in, a lot of the sales were going to china. there was a political change there and they became china first buyers. so a lot of those sales dried up. but there's a lot of changes that are going on, that's not the only thing. the cloud came in, big data came in. and ibm has really great clients, and by that i mean they're really big companies that depend on the systems that ibm sells them. but here's the thing. we're going to the cloud. so a lot of spending has not been done on what ibm does. and they did some acquisitions. they are moving towards the cloud. but their clients aren't moving as fast as everybody else. plus those sales are not quite as high in margin as warren would like. so we see the future being provided a little bit by ibm or a lot by ibm to its clients. but, you know, probably not at the margins that warren wanted when he initially bought the stock. >> so it sounds like you're expecting a little bit of volatility in the stock. do you expect a management change or reshuffling? >> well, i wouldn't be surprised. part of a bos

4,000 cars. the u.s. is their number one market although china is gaining fast and while chinese buyers like to be driven in the back of their phantom, the u.s. buyers prefer the driver's seat. no word yet on the fuel consumption of the phantom, but with a 6.75 liter turbo v-12, phantom buyers are not likely to care much about gas mileage. for "nightly business report" i'm robert frank. >> i like the champaign cooler. >> the champaign cooler is nice. i bet they don't have to care much about the gas price. >> no, that's not going to be part of the equation. >> that's not a worry. >> exactly. >>> that's "nightly business report." i'm sue herera. thanks for joining us. >> and i'm tyler mathisen. have a great evening, everybody. we'll see you back here tomorrow ni this is a bbc america. funding of this presentation is made possible by. the freemen foundation. and coal fuller foundation pursuing solutions for america's neglected me. planning a vacation escape that's relaxing inviting. and exciting. is a lot easier than you think. you can find it here in aruba. families couples and friends ca

still on the table but really deepening the economic sanctions and i think china blinked today. i think it's a relationship that the president has established with china. that is having, forcing china to act according to the will of this president. lou: let me turn to the unmasking scandal, and why there is not a justice department investigation underway right now into susan rice, samantha power, the u.n. ambassador, the national security advisor under president obama? why isn't there an investigation? >> perhaps there will be because i just think that the explosive revelations, even in today's news, lou, that samantha power was basically requesting one unmasking per day for most of 2016. it is just a remarkable number. lou: it is unheard of. >> it is unheard of. it grew at a clip i'm sure for all of them after donald trump unexpectedly beat hillary clinton. you know what happened during the transitional months, everybody was rushing around washington to sprinkle intelligence around. they lied. these people lied. they can't get their stories straight. lou: for crying out loud the direct

china, is that a threat? an attempt toicker ceas economieic -- exercise leverage on china. >> i think we should be exercising leverage on china with respect to north korea and i'll be arguing in a piece in "wall street journal" tomorrow, with respect to china's relationship with pakistan to get them to join with us, in stopping pakistani support for terrorism in afghanistan, i tell you that american business community, will balk at the idea of any substantial economic sanctions again china. the president has a tough decision, chinese have sucked us in for third years, inflicting pain on china economically manies bearing pain here, th the bigger pressure we need to rebuild our navy, place it clearly on western edge of pacific ocean, and apply that pressure on china, i think that is all they will answer to. stuart: there is a new peak in the confrontation. it is more dramatic confrontation new than 24 hours ago? >> well, that is true, but this is going to continue, anybody who thinks that a 3 or 4 week lull in north korea missile testing, or nuclear web awith the help from the dave thom