text:
MR (Castilian)
Climate & Capitalism
Money on the Left
MR Online A Project of Monthly Review Magazine
Contact/Submission
Contact or Submit an Article
Recent Articles Archive
Monthly Review Essays
Crying wolf on election fraud is OK at NYT—if targets are official enemies
Posted Nov 25, 2020	by Alan MacLeod
Fascism , Imperialism , State Repression Bolivia , United States Newswire
Originally published: FAIR (November 20, 2020) |
President Donald Trump's categorical refusal to accept what seems like an inevitable and increasingly crushing election loss has many in media rightly worried about the political repercussions of such a move, with some sounding the alarm over a potential coup d'etat in the US (e.g., Salon, 11/11/20; Washington Post, 11/12/20; Guardian, 11/13/20; New Republic, 11/13/20).
The New York Times, the country's flagship print publication, has been leading the condemnations, accusing the president of "vandaliz[ing] our country" (11/11/20), diagnosing him as a narcissist and a sociopath, and citing his attempts to cling to power as "a brutal renunciation of American democracy" (11/11/20).
The New York Times (11/11/20) says Donald Trump is like Venezuelan President Nicolás Maduro in "refusing to concede defeat and hurling unfounded accusations of electoral fraud"—even though it was the Venezuelan opposition that refused to concede defeat and made dubious claims of fraud.
Times Moscow bureau chief Andrew Higgins (11/11/20, 11/12/20) was the paper's latest staffer to denounce Trump, claiming that "denying defeat, claiming fraud and using government machinery to reverse election results are the time-honored tools of dictators" such as Robert Mugabe of Zimbabwe, Slobodan Milosevic of Serbia and Venezuela's Nicolás Maduro.
For Higgins, Trump was effectively "shatter[ing] the bedrock democratic tradition" of the US, sending it from the "free world" into the realm of tyrannical states that the United States has spent so long opposing in the name of democracy and free elections. (In reality, the US provides military aid to three-quarters of the world's dictators, although corporate media use that word almost exclusively to refer to politicians Washington does not like—FAIR.org, 4/11/19.)
Of course, Higgins conceded, Trump is not as bad as Milosevic or Maduro, and "does not have to worry about being charged with war crimes and genocide, as Mr. Milosevic was." This may be news to the people of Yemen, Afghanistan, Iraq, Syria or any other nation Trump has personally ordered bombed, or to countries whose diplomats he had assassinated, or to almost a quarter of the world's population under deadly American sanctions.
Higgins asserted that, like Trump, Maduro "fraudulently manufactured a victory in a May 2018 election," a claim that has as little basis in reality as Trump's claim to have actually won the 2020 presidential race. Unlike the US, the Venezuelan election featured a timely vote, with state-of-the-art voting machines that were watched over by hundreds of distinguished international observers, whose reports attest to the process' cleanliness (FAIR.org, 5/23/18). Maduro won more than 4 million more votes than his closest competitor—an unsurprising result (PAP, 5/20/18), due to widespread boycotting of the balloting and a split in the remaining opposition vote between two candidates.
Venezuelan President Nicolás Maduro's re-election was widely anticipated (AP, 5/20/18)–but after the voting, it was conventional media wisdom that his victory could only be explained through fraud.
After that election, however, the US-backed opposition cried foul, and attempted to overthrow the government multiple times, using tactics not dissimilar to Trump's post election maneuvers. Yet Higgins spoke approvingly of Trump for sanctioning Venezuela (actions that have caused the death of at least 100,000 people, according to an American UN special rapporteur), and for recognizing self-declared president Juan Guaidó as rightful ruler. A recent public opinion survey conducted found that Guaidó enjoyed the backing of only 3% of Venezuelans—and this was before his infamous "Bay of Piglets" coup disaster.
Thus, for the Times, crying election fraud then staging a coup is bad, and just like what dictators do—unless it is the US making dubious claims of electoral fraud against official enemies, in which case it is an honorable practice. Such is the confusing world of elite media pundits.
Ever since Venezuela voted in a leftist in 1998, the Times has advocated overthrowing the Venezuelan government, its editorial board effectively endorsing the short-lived coup against President Hugo Chávez in 2002 by claiming that no such event had even taken place.
With yesterday's resignation of President Hugo Chávez, Venezuelan democracy is no longer threatened by a would-be dictator. Mr. Chávez, a ruinous demagogue, stepped down after the military intervened and handed power to a respected business leader, Pedro Carmona.
Thus the Times (4/13/02) wrote as Carmona was firing all elected officials and giving himself supreme power to rule by decree. A 2019 FAIR study on Venezuela (4/30/19) found that the Times published 22 pro-regime change articles over a three-month period, and none that opposed the removal of the democratically elected government.
Not a coup, just a 'surprise'
Trump's actions also mirror those of the US-backed right wing in Bolivia, which lost an election handily last October, only to cry foul and launch a successful coup against the rightful winner, President Evo Morales, another socialist and a figure of hate in corporate media (FAIR.org, 4/11/19).
The New York Times (11/11/19) editorialized that forcing out the Bolivian president who had just been re-elected by a margin of more than 10 percentage points was "the only remaining option."
As far-right Senator Jeanine Añez (who did not even stand for president, and whose party received just 4% of the vote) was beginning to order roundups of journalists and oversee massacres of opponents, the Times was in raptures. Again refusing to use the word "coup" to describe events (FAIR.org, 11/11/19), its editorial board (11/11/19) described Morales as an "arrogant" populist who "brazenly abus[ed]" his power, "shed his legitimacy" and "crushed any institution" in his way. The board accused him of presiding over a "highly fishy" election, citing an Organization of American States (OAS) declaration that talked of "clear manipulation" of votes. The Times also applauded the right-wing for "upholding democratic rules and institutions." This apparently forced Añez to step into a "vacuum of power."
On the same day, the Times published an opinion piece (11/11/19) headlined "How the Ambitions of Evo Morales Contributed to His Fall," which actively dismissed the idea this was a coup, despite the military literally placing the presidential sash around Añez's neck.
As was obvious at the time (CounterSpin, 11/21/19), the OAS claims held as much water as Trump's fantasies about nationwide electoral fraud. However, only seven months later—well after the dust had settled and Añez was ensconced in power—did the Times (6/7/20) acknowledge the OAS report to be flawed. But even after that, the paper (9/17/20) continued to carry water for Añez's regime, euphemistically claiming she came to power in a "surprising" fashion after a "chaotic" election and presided over a "stormy year in power." It's an unhelpful description of a ruler who came to power in a military coup and oversaw shootings of her political opponents, with only a nationwide uprising forcing her to finally concede to an election, in which her rule was comprehensively repudiated.
Imagine trying to describe an elephant without ever using the word "elephant." Only writers of prodigious talent could do so convincingly. Likewise, refraining from using the word "coup" where it is obviously appropriate takes huge effort, but appears to be Times policy, the word barely arising in a year of coverage, except as an accusation in the mouths of supporters of Morales (FAIR.org, 11/11/19, 7/8/20, 10/23/20), a man long demonized as an authoritarian. Writing about the coup, it is difficult to avoid constant repetition of that word in every paragraph, so not mentioning it at all is a serious achievement.
Even as Morales returned to Bolivia last week after the landslide election that dispatched Añez and saw the return of the Movement to Socialism Party, the Times (11/9/20) was still attempting to gloss over the fact of the coup, laughably describing it as Morales' "failed attempt to keep power" that "tore the nation apart and sent him into exile." Morales' return, the Times informed its readers, "worried" Bolivians, who were "anxious to move beyond the political turmoil unleashed by his divisive bid for a fourth presidential term." Perhaps the heightened political tension had more to do with the far-right coup, the massacres that followed it, the repression of critical media, expulsion of foreigners and the suspension of elections and basic rights — little of which even avid Times subscribers would know about, unless they were skilfully reading between the lines.
Coups are good, actually
Venezuela and Bolivia are far from isolated cases. In fact, a study done by Adam Johnson (Truthdig, 1/29/19) found that the New York Times editorial board has explicitly supported 10 of the 12 American-backed coups in Latin America since 1954.
The New York Times editorial board (5/8/64) on the military overthrow of Brazil's democratically elected President João Goulart: "We do not lament the passing of a leader who had proved so incompetent and so irresponsible."
For example, two days after a military coup in Brazil which ended the liberal reformist era of João Goulart and installed over 20 years of fascist dictatorship, the Times' editorial board (4/3/64) endorsed the "peaceful revolution" against a figure who "had almost no supporters." Refusing to use the word "coup," they concluded, "We do not lament the passing of a leader who had proved so incompetent and so irresponsible."
One month later, the board (5/8/64) wrote of Brazil's supposed "widespread feeling of deep relief and of optimism" that the "far leftist" "regime" of Goulart was over, and announced that the "nation appears to have been yearning" for a "political clean-up" of "extremists," while applauding the widespread imprisonment of liberal government officials on the grounds that they were "communists."
And like with Morales, the New York Times (9/12/73) also blamed Chilean president Salvador Allende for his own overthrow in 1973. "No Chilean party or faction can escape some responsibility," it wrote.
But a heavy share must be assigned to the unfortunate Dr. Allende himself. Even when the dangers of polarization had become unmistakably evident, he persisted in pushing a program of pervasive socialism for which he had no popular mandate.
The editorial board also casually gaslighted its own audience, insisting that
there is no evidence that the Nixon administration seriously considered the maneuvers against Dr. Allende…. It is essential that Washington meticulously keep hands off the present crisis, which only Chileans can resolve. There must be no grounds whatsoever for even a suspicion of outside intervention.
(The nongovernmental National Security Archive in DC, as it happens, just released a trove of documents relating to the Nixon administration's strenuous efforts to overthrow Allende.)
Ultimately, for the New York Times, the legitimacy of crying election fraud is not based on whether it actually happened, but comes down to its political utility. While the Timesdenounces Trump's attempts to overturn the results of the election, when it comes to enemy countries, any accusation, no matter how baseless, is treated with respect and deserving of amplification. The final insult is that the paper accuses legitimate governments trying to defend themselves against anti-democratic coups of deploying the same tactics as the man trying to overthrow them.
About Alan MacLeod
Alan MacLeod is a MintPress Staff Writer as well as an academic and writer for Fairness and Accuracy in Reporting. His book, Bad News From Venezuela: Twenty Years of Fake News and Misreporting was published in April.
View all posts by Alan MacLeod →
Subscribe to the Monthly Review e-newsletter (max of 1-3 per month).
Farmers in protest: Learning from the past and creating history with a real definition of nationalism
Engels on the Peasant War in Germany
The U.S. recovery on pause, December brings new job losses
Prepare for a surge in Global inequality
Aaron would have been 34 years old
Why imperialism is obsolete in Latin America
The marketisation of truth
New! Subscribe for Daily Updates
Beyond Plague Urbanism
by Andy Merrifield
Over the centuries, humans have survived tragedy through the incredible stoicism of not moving, of standing one's ground, of resisting, of engaging in tremendous creativity. Perhaps we can use the time alone to think collectively, to reflect together on how we might reconstruct the public realm of our cities.
"Your Economics Professor is almost Certainly a Charlatan"
by Michael D. Yates
Mary Filippo began in 2004 to audit economics classes in the hope that she could "learn something about globalization. Does it really help people in developing countries? What are its downsides?" She did not learn these things.
See all Monthly Review Essays
Engels on the Peasant War in Germany January 16, 2021
The U.S. recovery on pause, December brings new job losses January 16, 2021
Prepare for a surge in Global inequality January 15, 2021
January 2021 (Volume 72, Number 8) January 1, 2021 The Editors
The Contagion of Capital January 1, 2021 John Bellamy Foster
The Continuing Korean War in the Murderous History of Bombing January 1, 2021 Tim Beal
Disability and Welfare under Monopoly Capitalism January 1, 2021 David Matthews
A Portrait of Gil Green January 1, 2021 Michael Myerson
Fighting the "Immigrant Threat" Narrative January 1, 2021 Lola Loustaunau
Popular (last 30 days)
MR Press News
To ameliorate viruses of capitalism, eradicate capitalism itself: Counterfire on "Dead Epidemiologists" January 15, 2021
New! "Between Capitalism and Community" by Michael A. Lebowitz January 12, 2021
Counterfire reviews "The Dawning of the Apocalypse" by Gerald Horne January 11, 2021
Marx & Philosophy on Gerald Horne's "Jazz and Justice" January 11, 2021
Left Voice reviews Rob Wallace's "Dead Epidemiologists" + This Is Hell interviews Rob Wallace January 4, 2021
Bidenfreude: Covid-19 in Post-Trump U.S. January 16, 2021
Upper Ocean Temperatures Set a New High Record in 2020 January 14, 2021
Amber Waves: A Biography of Wheat January 13, 2021
Capitalism and Catastrophe January 12, 2021
Record number of billion-dollar disasters struck U.S. in 2020 January 8, 2021
Cheap Motels and a Hotplate
What we sow is what we eat September 21, 2017
A Land Grant in Maine: The Gift That's Been Giving Since 1767 September 6, 2016
Let's Get Serious About Inequality and Socialism May 7, 2016
Bernie Sanders' "Political Revolution" February 29, 2016
Geraldine July 7, 2015
Monthly Review Foundation
134 W 29TH ST STE 706
New York NY 10001-5304


A book with a sequel before the first one comes out?
New York Times best-selling author, Arthur Yorinks wrote a children's book called Company's Coming which is not strange in itself. Nor is it strange that the company referred to are space aliens. What's strange is that a SECOND book, a sequel if you will, is coming out the same day! It turns out these are re-releases that have been out of print for a while and are coming back into stores – hence the same release date. Both books are chapters of the same story, but also can be read as stand-alone tales. However if you read Company's Going without reading Company's Coming you'll be missing something.
Mr. Yorinks is an award-winning writer, having won the Caldecott Medal in 1987 for his book Hey, Al and has collaborated with the amazing Maurice Sendak among others. He is one of those rare multi-talented artists who excel at more than one art form. In fact, Mr. Yorinks excels at many including writing, theater, opera, dance, film, and radio – a pretty amazing career. He teems up for both books with illustrator David Small – also a Caldecott Medal Winner and multi-faceted artist – to come up with these two tales.
Company's Coming is about Shirley and Moe, two average, everyday people who happen to be visited by aliens from outer space. When they ask for directions to the bathroom, Shirley immediate responds and welcomes them into her home. Moe, however, is afraid. Shirley offers hospitality and kindness inviting them to dinner while Moe bends to his fears and calls the FBI. In the end, hospitality and kindness wins – on both ends.
In Company's Going, the aliens are returning home and ask Shirley and Moe to accompany them to cater their sister's wedding. Of course, Shirley in her thoughtfulness agrees while Moe has some trepidation. When they arrive Uncle Irving, an alien with the same feelings as Moe, accidentally stuns them. But undeterred, Shirley and Moe end up catering the best wedding ever.
What I love about these books is that they tackle the idea of fear of the unknown and how when we give into fear it can make us behave in ways unkind and unwarranted. Fear leads us to make assumptions that can be harmful to us and those around us, while kindness and an open heart can often make the world (and the galaxy) a better place. Mr. Yorinks handles this complex issue deftly with an engaging story and coupled with Mr. Small's equally engaging art. David's art is very expressive and colorful, bringing out in images what Arthur is doing with his words.
These two books make wonderful companions for each other and it's nice not to have to wait to see what happens next. And if you missed these adorable books when they were first released (like apparently I did), at least now you can get a copy if you missed out years ago!
Me, either! They are out of print but Disney Hyperion is publishing them again. Should be out now I believe.


text:
FBN AM
Bloomberg Markets: Balance of Power
Best of Bloomberg Technology
FBC (FOX Business)
FOXNEWSW (FOX News)
Fox News West
Mornings With Maria Bartiromo : FBC : July 10, 2019 6:00am-9:00am EDT
by FBC
light on china, resuming trade talks, representative lighthizer and secretary steven mnuchin spoke with counter parts yesterday, larry kudlow weighed in on it last night, watch this. >> these are preliminary discussions, staffs will be meeting, details will be poured over, probably visitations will be arranged, this is the -- the restarting of a process that was going pretty well, a lot of headways as you know and then stopped out in may when we believed china and team reneged on a number of agreements. maria: they didn't want to put into law, that's unlawful to steal from the united states intellectual property, we will see what happens, the u.s. allowing sales to chinese telecom huawei now where there's no national security threat, what do you think markets do with this? >> i think that's somewhat baked in because a lot of that has been leaked. nothing that came out of yesterday's conversation that we really know, we don't have the transcript of it and i think the market yesterday was a little edgy because of trade was back in the news cycle but until we know something definitive
light on china, resuming trade talks, representative lighthizer and secretary steven mnuchin spoke with counter parts yesterday, larry kudlow weighed in on it last night, watch this. >> these are preliminary discussions, staffs will be meeting, details will be poured over, probably visitations will be arranged, this is the -- the restarting of a process that was going pretty well, a lot of headways as you know and then stopped out in may when we believed china and team reneged on a...
FOX Report With Jon Scott : FOXNEWSW : July 14, 2019 3:00pm-4:00pm PDT
by FOXNEWSW
treasury secretary steven mnuchin is reportedly urging u.s. suppliers to apply for overseas licenses. >> jon: gillian turner, thank you. an epic match closes out wimbledon today as roger federer squared off in a thriller for the right to become the 2019 mens champion and it was one in a fifth set tie breaker the first-ever which changed its rules going into this years tournament and there is 16 grand slam i'd els third all-time and federer remains the top with 20 and we'll be right back. the doctor's office might mejust for a shot.o but why go back there when you can stay home with neulasta® onpro? strong chemo can put you at risk of serious infection. in a key study neulasta® reduced the risk of infection from 17% to 1% a 94% decrease. neulasta® onpro is designed to deliver neulasta® the day after chemo and is used by most patients today. neulasta® is for certain cancer patients receiving strong chemotherapy. do not take neulasta® if you're allergic to it or neupogen (filgrastim). an incomplete dose could increase infection risk. ruptured spleen, sometimes fatal as well as ser
treasury secretary steven mnuchin is reportedly urging u.s. suppliers to apply for overseas licenses. >> jon: gillian turner, thank you. an epic match closes out wimbledon today as roger federer squared off in a thriller for the right to become the 2019 mens champion and it was one in a fifth set tie breaker the first-ever which changed its rules going into this years tournament and there is 16 grand slam i'd els third all-time and federer remains the top with 20 and we'll be right back....
Special Report With Bret Baier : FOXNEWSW : July 17, 2019 3:00pm-4:01pm PDT
just moments ago said she's been talking with treasury secretary steven mnuchin tonight. they will talk again tomorrow on reaching a potential deal in the next couple of weeks to raise the national debt ceiling and maybe even on spending caps. she said "we think it can be done. followed up separately with we are in a good place. how speaker pelosi does not want to talk about "the squad." she made that clear today. the group is making an impact on both sides are both the democrats and president trump, who's using it to make a point. correspondent ellison barber has the story tonight from capitol hill. >> representatives alexandria ocasio-cortez, ayanna pressley, ilhan omar and rashida tlaib are known as "the squad." all four are young progressive women. >> business as usual is not serving the public. >> seen as some by change-makers, seen by others as a 2020 liability. popular punching bag for the president and those on the right. >> they are left-wing pranks. >> today how speaker pelosi pushed aside talk related to politicking and "the squad." >> the president is clearly trying to cast
just moments ago said she's been talking with treasury secretary steven mnuchin tonight. they will talk again tomorrow on reaching a potential deal in the next couple of weeks to raise the national debt ceiling and maybe even on spending caps. she said "we think it can be done. followed up separately with we are in a good place. how speaker pelosi does not want to talk about "the squad." she made that clear today. the group is making an impact on both sides are both the...
Early Start With Christine Romans and Dave Briggs : CNNW : July 12, 2019 2:00am-3:00am PDT
sitting in storage hit record levels. earlier this week robert light hiezer and steven mnuchin spoke with the chinese vice premiere. it is believed they will travel to beijing in the next few weeks. >>> knicks fans were hoping to snag a rookie. andy scholes has the bleacher report after a quick break. pnc bank has technology to help make banking easier, like... a business borrowing solution to help get a little more space with a lot less mom. or home insight, to search for a new house within your budget. because, they really need their space. pnc - make today the day. be right there baby. unlike ordinary diapers pampers is the first and only diaper that distributes wetness evenly into three extra absorb channels. they stay up to three times drier so babies can sleep soundly all night wishing you love, sleep and play pampers when i had my brother take me places, it was always like, we had to get there early so i could smoke a cigarette before we go inside. we always had to stop for cigarettes... it's true... i decided i needed to find an alternative... so i started looking and then juul ca
sitting in storage hit record levels. earlier this week robert light hiezer and steven mnuchin spoke with the chinese vice premiere. it is believed they will travel to beijing in the next few weeks. >>> knicks fans were hoping to snag a rookie. andy scholes has the bleacher report after a quick break. pnc bank has technology to help make banking easier, like... a business borrowing solution to help get a little more space with a lot less mom. or home insight, to search for a new house...
Outnumbered : FOXNEWSW : July 23, 2019 9:00am-10:00am PDT
need to restrain spending more, but the numbers weren't there. so steven mnuchin and speaker pelosi and others worked together. i think political -- is the art of the possible. we did about as good as we can do and there's not going to be any debt defaults. >> melissa: that was chief white house economic advisor larry kudlow defending a bipartisan budget agreement lawmakers announced yesterday. it all but eliminates the risk of another government shutdown this fall, but it's already drawn blowback from fiscal conservatives worried about overspending. the house and senate will still have to vote on the agreement, which outlines nearly $1.4 trillion. trillion dollars in spending next year. the president treating yesterday, "i'm pleased to announce a deal has been struck on a two-year budget and debt ceiling with no poison pills. this was a real compromise another to give another big victory to our great military and vets." but politico reporting house conservatives are launching an 11th hour bid to have the president reject the deal unless he gets new concessions. and north carolina repub
need to restrain spending more, but the numbers weren't there. so steven mnuchin and speaker pelosi and others worked together. i think political -- is the art of the possible. we did about as good as we can do and there's not going to be any debt defaults. >> melissa: that was chief white house economic advisor larry kudlow defending a bipartisan budget agreement lawmakers announced yesterday. it all but eliminates the risk of another government shutdown this fall, but it's already...
Closing Bell : CNBC : July 18, 2019 3:00pm-5:00pm EDT
by CNBC
. steven mnuchin addressed those concerns this morning on "squawk box." >> i don't think the market should be concerned. i think everybody is in agreement that we won't do anything that puts the u.s. government at risk in terms of our issue of defaulting. and i think that nobody wants a shutdown in any scenario so, i don't think the markets should be concerned. and we're working hard we'll get there, one way or another. >> cnbc's dom chu is at headquarters to explain a little more hi there, dom. >> courtney, secretary mnuchin has it right, the markets will eventually resolve themselves to it all these issues get resolved. what we have in an historical precedent, every time there's been a budget issue, debt ceiling issue, shutdown issue, markets have reacted negatively going into that. they don't like the uncertainty. right there in 2011, you can see a little bit more of that move lower and it comes out after it. look at 2013, by the way, there's also a situation where the markets are dealing with a government shutdown and those markets kind of sold off a little bit and rose coming out of i
. steven mnuchin addressed those concerns this morning on "squawk box." >> i don't think the market should be concerned. i think everybody is in agreement that we won't do anything that puts the u.s. government at risk in terms of our issue of defaulting. and i think that nobody wants a shutdown in any scenario so, i don't think the markets should be concerned. and we're working hard we'll get there, one way or another. >> cnbc's dom chu is at headquarters to explain a...
two different topics for the first, the treasury secretary steven mnuchin said that he spoke with you i think yesterday -- >> i spoke with him again today, too. >> reporter: okay. he said you have an agreement on a two-year debt ceiling increase, topline numbers for two years, and a need for offset. is that where you see this agreement headed? in the second question is on even vocal on your concerns about the social me to put forms. you agree with democrats that this cryptocurrency needs to be stopped? >> let me get your first question first. yes, i have been talking quite often with the secretary of treasury. we are working toward getting an agreement that we can move through on our appropriation bills from the caps. but we also have to deal with the debt ceiling that's coming up rather quickly. it could actually hit on the first week we come back in september, so we don't want to put that in doubt in any shape or form. nothing is fully agreed to until everything is fully agreed to. but one of the concept is to have a debt ceiling -- >> melissa: that was house republican leader k
two different topics for the first, the treasury secretary steven mnuchin said that he spoke with you i think yesterday -- >> i spoke with him again today, too. >> reporter: okay. he said you have an agreement on a two-year debt ceiling increase, topline numbers for two years, and a need for offset. is that where you see this agreement headed? in the second question is on even vocal on your concerns about the social me to put forms. you agree with democrats that this cryptocurrency...
with the divided government. the alternatives were much wors worse. >> treasury secretary steven mnuchin on capitol hill tried selling republicans on the budget deal he cut with speaker nancy pelosi. the agreement would raise federal spending by $320 billion with $77 billion in offsets to help pay for it. but the cbo says that number is optimistic and notes the savings don't kick in for eight years. some republicans are highlighting that the agreement includes $20 billion more in defense and non-defense spending over two years. it would also suspend the debt limit for two years through jul. >> that's why we've got $22 trillion worth of debt and climbing. and we are just like thelma and louise in that car heading towards the cliff. >> it's been called the final nail in the tea party movement's coffin at some of president trump's closest allies in congress, congressman mark meadows and jim jordan, are a no. if north carolina conservative congressman mark walker tweeted out an image from the dark knight of the joker and extend spending extra burning pile of cash. steve scalise and h
with the divided government. the alternatives were much wors worse. >> treasury secretary steven mnuchin on capitol hill tried selling republicans on the budget deal he cut with speaker nancy pelosi. the agreement would raise federal spending by $320 billion with $77 billion in offsets to help pay for it. but the cbo says that number is optimistic and notes the savings don't kick in for eight years. some republicans are highlighting that the agreement includes $20 billion more in defense...
MSNBC West
MSNBC Live With Craig Melvin : MSNBCW : July 12, 2019 8:00am-9:00am PDT
by MSNBCW
august recess. treasury secretary steven mnuchin just sent a letter to capitol hill moments ago that said congress needs to raise the debt limit before they leave for august, which is really just a big bomb in the middle of everything else. so this month, which should have been a little bit quiet, more quiet than it's turning out to be is becoming extraordinarily frantic on capitol hill with this hearing which is going to be longer, presumably, and now the debt limit which going to co come due. so this sleepy summer, not that it ever was, is getting busy. >> this is a body not known for acting with swiftness or any legislative matter. >> no. >> ken dilanian, with regards to the mueller testimony, are you suspecting that we are going to learn a great deal more than we already know? >> not necessarily, craig. but for democrats, this is about getting this story in front of the american public, much of whom has not read the mueller report. like jake, nbc news has been told by two sources familiar with the matter that there are talks ongoing to delay the testimony by a week. and i th
august recess. treasury secretary steven mnuchin just sent a letter to capitol hill moments ago that said congress needs to raise the debt limit before they leave for august, which is really just a big bomb in the middle of everything else. so this month, which should have been a little bit quiet, more quiet than it's turning out to be is becoming extraordinarily frantic on capitol hill with this hearing which is going to be longer, presumably, and now the debt limit which going to co come...
FOX & Friends : FOXNEWSW : July 16, 2019 3:00am-6:00am PDT
damages from johnson and johnson, which denied any wrongdoing. treasury secretary steven mnuchin sounding off budget negotiations with white house speaker nancy pelosi. >> this is a team effort. although i'm directly negotiating with the speaker. i think we are very close to a deal. as you know, these deals are complicated. >> mnuchin adding the 22 trillion debt ceiling needs to be raised by this month but doesn't believe there will be another government shutdown in september. the hollywood heart throb set to plate king of rock and roll is revealed. ♪ since my baby left me ♪ i found a new place to dwell ♪ heart break hotel ♪ jillian: austin butler set to play elvis in a new rocker about the king's life. he beat several out. no word on when the untitled movie will come out. but, i bet a lot of people will be excited. steve: well, he has got the hair. ainsley: he looks a lot like him. steve: it's a star maker. ainsley: can my daughter watch it? what's the rating? she loves elvis. brian: can you get the script, jillian? steve: she might get all shook up. [laughter] meanwhile i will b
damages from johnson and johnson, which denied any wrongdoing. treasury secretary steven mnuchin sounding off budget negotiations with white house speaker nancy pelosi. >> this is a team effort. although i'm directly negotiating with the speaker. i think we are very close to a deal. as you know, these deals are complicated. >> mnuchin adding the 22 trillion debt ceiling needs to be raised by this month but doesn't believe there will be another government shutdown in september. the...
The Last Word With Lawrence O'Donnell : MSNBCW : July 2, 2019 10:00pm-11:00pm PDT
richard neal sued treasury secretary steven mnuchin and charles rettig to force them to obey the federal law that requires them to hand over any tax return filed with the irs to the chairmen of the ways and means committee, in this case the tax returns that the chairman is seeking are donald trump's. chairman neal's lawsuit says the treasury secretary and the irs commissioner have been illegally refusing to hand over the trump tax returns. the lawsuit says section 6103-f requires in mandatory terms that treasury shall furnish the committee with any requested tax return information, enacted in 1924 in the wake of congressional attempts to investigate wrongdoing, section 6103-f was designed to provide the committee with unfetterred access to tax returns necessary to carry out its broad man day to oversee treasury, the irs and the nation's tax laws. since its passage, the committee has routinelily used 6103-f for these purposes and the executive branch has met its duty to comply with those requests. defendants have now, for what the committee believes is the first time ever denied a
richard neal sued treasury secretary steven mnuchin and charles rettig to force them to obey the federal law that requires them to hand over any tax return filed with the irs to the chairmen of the ways and means committee, in this case the tax returns that the chairman is seeking are donald trump's. chairman neal's lawsuit says the treasury secretary and the irs commissioner have been illegally refusing to hand over the trump tax returns. the lawsuit says section 6103-f requires in mandatory...
Fox News @ Night With Shannon Bream : FOXNEWSW : July 22, 2019 8:00pm-9:00pm PDT
, treasury secretary steven mnuchin and senate minority leader chuck schumer. president trump announcing the deal on twitter says "this was a real compromise in order to give another big victory to our great military and vets." fiscal conservatives -- new footage of the seemingly healthy growth that british black tanker being held by iran. the seizure friday was just the latest provocation as regional tensions continue to rise. troubling new intelligence is reportedly made public by the united kingdom. david's font is tracking iran for us tonight gary david. >> hey, shannon. those 23 british crewmembers being held against their will by iranian officials. iran says it's payback for a ship seizure just a few weeks ago. chilling images of crewmembers aboard a british tanker seized by iran highlights just how bad things are between the two countries. iranian militants armed with machine guns took over the british oil tanker friday in the persian gulf. now the country's flag flies high above the u.k. >> please confirm that you are not attempting to violate international law by unlawfully atte
, treasury secretary steven mnuchin and senate minority leader chuck schumer. president trump announcing the deal on twitter says "this was a real compromise in order to give another big victory to our great military and vets." fiscal conservatives -- new footage of the seemingly healthy growth that british black tanker being held by iran. the seizure friday was just the latest provocation as regional tensions continue to rise. troubling new intelligence is reportedly made public by...
, qualcomm, micron, broadcom and intel that meeting is expected to be led by treasury secretary steven mnuchin and larry kudlow and the companies are concerned, of course, about the current restrictions on u.s. exports to huawei but more broadly they are concerned about how the white house's executive order might be interpreted. can they still participate in writing international standard for 5g is the question the companies will be asking today at the meeting back over to you >> ylan, thank you to boeing, the biggest drag on the dow after fitch raised a red flag phil has details in chicago. phil. >> sara, fitch has dropped the credit outlook for boeing from stable to negative and all of the concerns revolve around the 737 max including when will it return to service? could that get pushed back we should point out the credit rating they have for fitch remains "a." last week it was boeing that said they're going to be taking a $4.9 billion charge for the second quarter they'll report second quarter earnings before the bell also when we hear from dennis muilenburg on wednesday and regard
, qualcomm, micron, broadcom and intel that meeting is expected to be led by treasury secretary steven mnuchin and larry kudlow and the companies are concerned, of course, about the current restrictions on u.s. exports to huawei but more broadly they are concerned about how the white house's executive order might be interpreted. can they still participate in writing international standard for 5g is the question the companies will be asking today at the meeting back over to you >> ylan,...
BBC Business Live : BBCNEWS : July 11, 2019 8:30am-9:01am BST
by BBCNEWS
nswer to to try and come up with a global answer to this issue —— steven mnuchin. countries like ireland are pushing back because they benefit from having these low tax regimes and having companies like apple based there, reaching sales through the country and having international bases there. perhaps it's down to the uk or france to push forward with initial legislation and set the example for everyone else. thank you. when we get news from the authorities in france we will let you know what they decide. let's take a look at some of the other stories making the news. the british consumer goods giant reckitt benckiser has reached a $1.1; billion settlement with the us authorities. it's over claims that it's former subsidiary indivior illegally tried to increase sales of a drug used to treat opioid addiction. the company maintains it has done nothing wrong but says a settlement is the best way to draw a line under the issue. brazil's lower house of congress has approved big changes to the country's pension system by introducing a minimum retirement age and increasing workers' cont
nswer to to try and come up with a global answer to this issue —— steven mnuchin. countries like ireland are pushing back because they benefit from having these low tax regimes and having companies like apple based there, reaching sales through the country and having international bases there. perhaps it's down to the uk or france to push forward with initial legislation and set the example for everyone else. thank you. when we get news from the authorities in france we will let you know...
FBN AM : FBC : July 16, 2019 5:00am-6:00am EDT
concerns about facebook libra projects. now treasury secretary steven mnuchin says he has his own reservations. >> cryptocurrency sughs bit coin have been exploited to support billions of dollars of illicit afnght like cybercrime, tax evasion, extortion, ransomware elicit drugs, human trafficking. mnuchin says facebook has, quote, a lot of work to do to convince regulators that libra will have the proper anti-money landering safeguards in place. staying with tech facebook board member an paypal cofounder has been warning about dangers of big tech power. we told you yesterday how he's calling google a possible threat to national security and last night he told fox news tucker carlson why. >> the weird fact that's in disputable on the break through the technology. that's the question i think -- i think one explanation is they figure they have to because they'll get -- if they don't get it through the front door they'll get it through the back door first answer is they have to and a broad base of google employee that are ideologically superleft wing. >> well google is denying its got
concerns about facebook libra projects. now treasury secretary steven mnuchin says he has his own reservations. >> cryptocurrency sughs bit coin have been exploited to support billions of dollars of illicit afnght like cybercrime, tax evasion, extortion, ransomware elicit drugs, human trafficking. mnuchin says facebook has, quote, a lot of work to do to convince regulators that libra will have the proper anti-money landering safeguards in place. staying with tech facebook board member an...
Inside Politics : CNNW : July 22, 2019 9:00am-10:01am PDT
. nation's debt ceiling. speaker nancy pelosi and treasury secretary steven mnuchin speaking several times over the weekend trying to work out the details. if no agreement is reached the united states could run out of money before lawmakers return from their august recess. phil mattingly joining us live on capitol hill. good luck, my friend. where are we? where are we and who is the key player? >> reporter: we've been through enough of these over the last two and a half years to recognize that nothing actually matters, you can be on the brink of a deal, on the cusp with a deal, just about done with a deal which is what one source toelds told me and it doesn't matter until the president signs off and that they don't currently of, at least negotiators who have been working the last week and a half or so. there's an agreement on the top line. parity and increases in spending for the defense side which republicans are keen in and on the domestic side which democrats want. that two-year suspension. debt ceiling is huge, it takes a catastrophic crisis off the table until after the election
. nation's debt ceiling. speaker nancy pelosi and treasury secretary steven mnuchin speaking several times over the weekend trying to work out the details. if no agreement is reached the united states could run out of money before lawmakers return from their august recess. phil mattingly joining us live on capitol hill. good luck, my friend. where are we? where are we and who is the key player? >> reporter: we've been through enough of these over the last two and a half years to recognize...
representative robert lighthizer and steven mnuchin is second one since the u.s. and china e agreed to a truth in a trade dispute. but huawei remains a major sticking point as trump administration is weighing a response to china's demanding that the pus ease trade restrictions on the company. senator mitch mcconnell spoke to our own march yesterday on mornings maria about it. >> huawei represent a national security risk and i don't think we ought to do anything to make it easier for them to operate and do business here in america. or in europe for that matter we're talking to them about it as well. >> one said he and lighthizer would travel to beijing for more talks these phone discussions are productive watching this. meanwhile boeing planning 5 billion dollars to compensate airlines that suffered because of the grounding the 737 max airlines around the world canceling thousands of flights since march when regulators grounded the 737 max falling two fatal crashes. boeing is also facing litigation seeking compensation for families of the 346 people who died in those two crashes. >> well
representative robert lighthizer and steven mnuchin is second one since the u.s. and china e agreed to a truth in a trade dispute. but huawei remains a major sticking point as trump administration is weighing a response to china's demanding that the pus ease trade restrictions on the company. senator mitch mcconnell spoke to our own march yesterday on mornings maria about it. >> huawei represent a national security risk and i don't think we ought to do anything to make it easier for them...
CNN Right Now With Brianna Keilar : CNNW : July 17, 2019 10:00am-11:00am PDT
it on the floor. >> on the debt ceiling, you've been talking to steven mnuchin. what is the pathway and what are the stumbling blocks to get that done? >> let's start with next week and engineer back. we would like to have something on the floor next thursday so that we can send it in a timely fashion to the senate so that they can go through their, shall we say techly senatorial process to get it done in time before they leave. if we're talking about next thursday being on the floor, we have to back up almost until this friday to have an agreement reached so that we can duly note it. under the new rules, we don't count weekends in the 72-hour notice. so we'll have to have something that we can post some time this weekend so that the time ticks away in order for us to go to rules, to committee -- rules and to the floor. so when we have an agreement, we'll write it up. we have to do all of that by friday evening. >> what are the polishes that are stalling? >> it's all about money. right? and so -- >> is there a certain number in terms of the -- >> no. i think i said yesterday. if you
it on the floor. >> on the debt ceiling, you've been talking to steven mnuchin. what is the pathway and what are the stumbling blocks to get that done? >> let's start with next week and engineer back. we would like to have something on the floor next thursday so that we can send it in a timely fashion to the senate so that they can go through their, shall we say techly senatorial process to get it done in time before they leave. if we're talking about next thursday being on the...
Your World With Neil Cavuto : FOXNEWSW : July 25, 2019 1:00pm-2:00pm PDT
agreement was hammered out by nancy pelosi and treasury secretary steven mnuchin. it would boost spending domestic and military and it would suspend the debt limit, the government's ability to borrow money, for two years. republicans and some democrats would like to see an effort to get a handle on runaway spending. >> and very concerned about the fiscal irresponsibility in the proposal and to layer it on top of the $2 trillion tax cut. it raises real concerns. >> the next up, senate next week. >> neil: thank you, mike. if you don't like it because the tax cuts or you don't like it because of spending, then don't vote for. if you're concerned about those kids and grandkids, don't vote for it. if you're concerned about adding a trillion dollars to the deficit each year every year and you're running at a record pace, don't vote for it. you do. you did vote for. here's "the five." ♪ >> i'm jesse watters with kennedy, jessica tarlov, martha maccallum, and greg. it's 5:00 in new york city and this is "the five." robert mueller's testimony turning out to be an absolute disaster for t
agreement was hammered out by nancy pelosi and treasury secretary steven mnuchin. it would boost spending domestic and military and it would suspend the debt limit, the government's ability to borrow money, for two years. republicans and some democrats would like to see an effort to get a handle on runaway spending. >> and very concerned about the fiscal irresponsibility in the proposal and to layer it on top of the $2 trillion tax cut. it raises real concerns. >> the next up,...
negotiations we know the treasury secretary, steven mnuchin is part of the delegation, robert lighthizer, the u.s. trade representative part of the delegation that's on the ground in shanghai the question is what to expect from this. white house folks i have been talking to today view the fact that they are having these talks this week at all as the success. you ask them what's the deliverable, what's the outcome from this, the outcome is the fact that they have put on this round of talks this week and therefore you don't get a sense there are anything but low expectations this week. >> nonetheless, they are moving forward, they are talking, gives you the sense that there might be a path here to a more normal negotiating stream going forward. we'll see whether that can bear fruit but for now, just the idea that the talks are on again, people are smiling about that at the white house. >> no step backwards, probably the key thing for the markets. >> the fed's policy meeting kicks off tomorrow with the expectations for the first rate cut since 2008 former fed chair janet yellen weighed in a
negotiations we know the treasury secretary, steven mnuchin is part of the delegation, robert lighthizer, the u.s. trade representative part of the delegation that's on the ground in shanghai the question is what to expect from this. white house folks i have been talking to today view the fact that they are having these talks this week at all as the success. you ask them what's the deliverable, what's the outcome from this, the outcome is the fact that they have put on this round of talks this...
a lot of criticism of the president, going from steven mnuchin saying he does not find them to be racist or even kellyanne conway, the president's senior counselor, speaking with reporters on the driveway here earlier after an interview where when reporters repeatedly asked her is she okay with these comments that the president made, are these racist attacks, she instead turned to comments that these congresswomen have made pointing to things -- points about socialism in the country and even asking at one point one reporter out here what their ethnicity was. the reporter didn't answer, they said they didn't see what that had to do with their question about the president's attacks telling these women to come back to the places they came from, but you're seeing just how the president's aides are straddling this, trying to rebrand his criticism as not a racist one but a comment and a critique on socialism. >> why did she ask that, kaitlin? why did she ask the ethnicity of a reporter? can you give us more context? >> reporter: i don't know. it really surprised reporters. i was actuall
a lot of criticism of the president, going from steven mnuchin saying he does not find them to be racist or even kellyanne conway, the president's senior counselor, speaking with reporters on the driveway here earlier after an interview where when reporters repeatedly asked her is she okay with these comments that the president made, are these racist attacks, she instead turned to comments that these congresswomen have made pointing to things -- points about socialism in the country and even...
steven mnuchin and some of those on board with this, they are hoping the president will be distracted by everything going on. >> mnuchin is talking to republican senators. i think the issue is more on the house side. speaker pelosi said he hopes the president keeps his promise to move it forward. we have divided government now. the democrats control the house. it's somewhat understandable the republican senate would have to give something to the democrats, because that's how compromise works. let's look at federal discretionary spending. you look at the obama years. early on, remember the recession. then spending came down, republicans took control of the house, the sequester kicked in. and then with a republican president, especially those first two years, republicans ran everything. spending went up. now those last three years are projected. there will be adjustments for inflation and cost of growth. but this is not -- donald trump and the campaign in 2016 said balancing the budget would be easy, eliminating the debt. he said the whole national debt. let's listen to the president. t
steven mnuchin and some of those on board with this, they are hoping the president will be distracted by everything going on. >> mnuchin is talking to republican senators. i think the issue is more on the house side. speaker pelosi said he hopes the president keeps his promise to move it forward. we have divided government now. the democrats control the house. it's somewhat understandable the republican senate would have to give something to the democrats, because that's how compromise...
, that's a day before the house goes on recess. treasury secretary steven mnuchin warning that government could exhaust its ability to keep paying its bills in early september that's a little bit sooner than many people thought and early september is before congress eventually returns from their recess. their august recess. well president trump is going to be talking trade with the dutch prime minister today. >> tracee carrasco has the details for us. good morning, tracee . >> good morning prime minister will visit the white house in the main topic on the agenda is trade, though, president trump is also expected to bring out the u.s. request for a military contribution in syria, and increase pressure on iran. last visited the qhows in july 2018 when he pushed back against trump asering that relations would be positive regardless of whether the u.s. and european union worked out a trade dispute. comedian jon stuart blasting republican senator rand paul and mike lee for blocking extension of the september 11th victim compensation fund. yes they, lawmakers slowed down the process
, that's a day before the house goes on recess. treasury secretary steven mnuchin warning that government could exhaust its ability to keep paying its bills in early september that's a little bit sooner than many people thought and early september is before congress eventually returns from their recess. their august recess. well president trump is going to be talking trade with the dutch prime minister today. >> tracee carrasco has the details for us. good morning, tracee . >> good...
Your World With Neil Cavuto : FOXNEWSW : July 9, 2019 1:00pm-2:00pm PDT
the president, not the speaker of the house but the chair and get a hold of tax returns but steven mnuchin will not surrender them and he has them in the his desk drawer. >> neil: thank you very much. and you will be on later tonight? >> i am attempting to fill in for a colleague, kennedy. >> neil: looking forward tont that. tonight, we will have more after this greater details. richer stories. get your dna kit today at ancestry.com. i get to select my room from the floor plan... when i book at hilton.com free wi-fi... ...and the price match guarantee. so with hilton there is no catch. yeah the only catch is i'm never leaving. no i'm serious, i live here now. book at hilton.com and get the hilton price match guarantee. hey, who are you? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could feel like getting robbed twice. so get allstate... and be better protected from mayhem... like me. ♪ th
the president, not the speaker of the house but the chair and get a hold of tax returns but steven mnuchin will not surrender them and he has them in the his desk drawer. >> neil: thank you very much. and you will be on later tonight? >> i am attempting to fill in for a colleague, kennedy. >> neil: looking forward tont that. tonight, we will have more after this greater details. richer stories. get your dna kit today at ancestry.com. i get to select my room from the floor...
Bloomberg Markets: Balance of Power : BLOOMBERG : July 2, 2019 12:00pm-1:00pm EDT
. trump's personal and business tax returns. the lawsuit comes after treasury secretary steven mnuchin and rejected a written request and subpoena for the returns. the u.s. has proposed more tariffs on goods coming from the european union. the trade representative's office says the u.s. will impose tariffs on nearly $4 billion worth of goods in retaliation for eu subsidies for airbus. the ustr says subsidies bring 11 billion dollars in economic harm to the u.s. annually. the eu is waging a similar measure over subsidies for boeing. a new law in make it easier to bring workplace sexual harassment claims in court. the law is the third of its kind, following in the footsteps of california and delaware. few hours from now, it is the united states versus england in the women's world cup semifinals. semifinal is tomorrow between sweden and the netherlands. the winners face-off on sunday. global news 24 hours a day, on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. david: thanks very much, ma
. trump's personal and business tax returns. the lawsuit comes after treasury secretary steven mnuchin and rejected a written request and subpoena for the returns. the u.s. has proposed more tariffs on goods coming from the european union. the trade representative's office says the u.s. will impose tariffs on nearly $4 billion worth of goods in retaliation for eu subsidies for airbus. the ustr says subsidies bring 11 billion dollars in economic harm to the u.s. annually. the eu is waging a...
Bloomberg Technology : BLOOMBERG : July 17, 2019 11:00pm-12:00am EDT
-- press briefing with steven mnuchin, they're actually seems to be some agreement in the skepticism at the white house has, that you have with these digital currencies. you mentioned this, the treasury secretary mentioned something different. which regulator will take the lead on digital currencies? rep. waters: at this time we don't know. as i understand it, the advisor committee -- there may be an advisory committee. one of the things that we have to know and understand is, what is it? >> what is it? rep. waters: what is it? is it a payment system? what do they do and how do they do it? you cannot even decide what regulator would oversee them without understanding what it really is. >> so what is the next step? and that is truly the number one question i get one reporting on this. people do not know what these digital currencies are, or how they will use them. you as the chairwoman of this committee, what is the next step in this process? rep. waters: we have a lot of investigation to do. we will have more hearings. we will talk with all of the experts out there that know a lot about
-- press briefing with steven mnuchin, they're actually seems to be some agreement in the skepticism at the white house has, that you have with these digital currencies. you mentioned this, the treasury secretary mentioned something different. which regulator will take the lead on digital currencies? rep. waters: at this time we don't know. as i understand it, the advisor committee -- there may be an advisory committee. one of the things that we have to know and understand is, what is it?...
Squawk Box : CNBC : July 30, 2019 6:00am-9:00am EDT
steven mnuchin and robert lighthizer is there we don't know what they'll be talking about during the course of the negotiations. this is the first time they met face-to-face with the chinese side since talks broke down in may. there is optimism at the white house just that the talks are taking place they see that at the white house as a sign of things moving along well but the president expressed some skepticism that the chinese want to get to a deal at all suggesting they might want to wait until after the 2020 election and deal with a democrat who might win who the president says would be easier for the chinese side to negotiate with the other question here, we might get some indication of this during the course of the negotiations, is whether the chinese side wants to move forward with the deal and whether the president wants to move forward with the deal there's some argument out there that the president might want to keep the tariffs in place more or less indefinitely as a way to transform the economic relationship between the two countries over years back to you. >> for more on
steven mnuchin and robert lighthizer is there we don't know what they'll be talking about during the course of the negotiations. this is the first time they met face-to-face with the chinese side since talks broke down in may. there is optimism at the white house just that the talks are taking place they see that at the white house as a sign of things moving along well but the president expressed some skepticism that the chinese want to get to a deal at all suggesting they might want to wait...
MSNBC Live : MSNBCW : July 28, 2019 4:00am-5:00am PDT
budget deal is also hammered out by the house speaker nancy pelosi and treasure secretary steven mnuchin done just in time for the august recess. how did the democrats work to get this deal done? give us a little bit of insight and what happened on the inside? >> well, i think a couple things happened. one is you had a very convenient con influence of motivation. you had on house democrats who really wanted to avoid what's called sequestration which would have cut defense spending by 11% and non-defense spending by 9%. so we wanted to avoid that. then the senate also wanted to get any possibility of shutdown or default past the next election. then secretary of the treasury mnuchin desperately wanted to do away with this debt ceiling problem because he saw that we were going to run out of the ability to borrow in early september and wanted to get it done before that eventuality occurred. >> uh-huh. >> again, it was just a very lucky confluence of desires and motivations there. >> certainly not the common standard these days given how toxic the relationship has been. >> right. >> i
budget deal is also hammered out by the house speaker nancy pelosi and treasure secretary steven mnuchin done just in time for the august recess. how did the democrats work to get this deal done? give us a little bit of insight and what happened on the inside? >> well, i think a couple things happened. one is you had a very convenient con influence of motivation. you had on house democrats who really wanted to avoid what's called sequestration which would have cut defense spending by 11%...
resume today in shanghai. treasury secretary steven mnuchin and trade representative robert lighthizer will hold meetings with china's vice premier. many are hoping that washington and beijing can avoid another escalation in the tariffs. so far, there's been resilience on both sides. cheryl: over to hong kong, police are reportedly considering spraying liquid dye at violent protesters to identify them. the morning post reported anticipate riot vehicles equipped with water cannons are expected to begin road tests this week. the train service in hong kong hahas now resumed after it was disrupted today. lauren: beyond meat has been a popular stock, they reported after hours. they announced a plan for another stock offering just three months after its ipo. they want to sell an additional 3.25 million shares in a secondary offering. it posted a mixed second quarter, reporting a loss of 24-cents a share but revenue jumped nearly four-fold to $67.3 million. that did beat the estimate but the stock tanking in the premarket by 12%. cheryl: dish network lost 31,000 satellite tv and sling tv subs
resume today in shanghai. treasury secretary steven mnuchin and trade representative robert lighthizer will hold meetings with china's vice premier. many are hoping that washington and beijing can avoid another escalation in the tariffs. so far, there's been resilience on both sides. cheryl: over to hong kong, police are reportedly considering spraying liquid dye at violent protesters to identify them. the morning post reported anticipate riot vehicles equipped with water cannons are expected...
Washington Journal 07/21/2019 : CSPAN : July 21, 2019 7:00am-10:03am EDT
by CSPAN
will be front and center, and the nancy pelosi, who again today is scheduled to talk to steven mnuchin in a bid to reach a deal on the u.s. debt ceiling. the house and senate scheduled recess at the end of this week and are not expected to return until after labor day. wednesday, robert mueller, testifying before to a house committees on his report. you can watch it on the c-span networks or listen to it on c-span radio. it is sunday, july 21. ahead, after a week of presidential tweets and statements, charges of racism and a renewed debate on who comes to this country, we want to focus on the issue of illegal immigration. there are an estimated 40 million u.s. citizens who emigrate here legally and are officially americans. our question, does it make the u.s. stronger or weaker? a reminder, we're focusing on the issue of those who come to this country legally. if you say stronger, (202) 748-8000. if you say weaker, (202) 748-8001. you can join us on social media, including twitter, at c-span wj or facebook, journal@c-span.org -- facebook, facebook.com/cspan. a pew researchom po
will be front and center, and the nancy pelosi, who again today is scheduled to talk to steven mnuchin in a bid to reach a deal on the u.s. debt ceiling. the house and senate scheduled recess at the end of this week and are not expected to return until after labor day. wednesday, robert mueller, testifying before to a house committees on his report. you can watch it on the c-span networks or listen to it on c-span radio. it is sunday, july 21. ahead, after a week of presidential tweets and...
Countdown to the Closing Bell With Liz Claman : FBC : July 8, 2019 3:00pm-4:00pm EDT
at least one phone call with u.s. trade representative robert lighthizer, treasury secretary steven mnuchin and vice premier liu he, the administration trying to determine when the chinese will sit down face-to-face to continue those talks. this would be the twelfth round of face-to-face talks that has dragged on for more than a year. experts say we will know fairly quickly if the chinese are willing to put back any of the concessions the u.s. says that they cut out of the trade deal. >> that's been the chinese position, that there's nothing to negotiate. by the way, if the tariffs are put on, they will show up for the talks. ultimately, we are making progress but it's certainly slower than most of the optimists thought. reporter: a spokesman for the chinese foreign ministry says today the u.s. must resolve trade frictions in a mutually beneficial way that helps both sides. the chinese are not officially saying that any of the concessions that they had made will be put back into a trade deal, but the u.s. trade representative robert lighthizer testified last month that the chinese m
at least one phone call with u.s. trade representative robert lighthizer, treasury secretary steven mnuchin and vice premier liu he, the administration trying to determine when the chinese will sit down face-to-face to continue those talks. this would be the twelfth round of face-to-face talks that has dragged on for more than a year. experts say we will know fairly quickly if the chinese are willing to put back any of the concessions the u.s. says that they cut out of the trade deal. >>...
deal yet but steven mnuchin says the administration has agreed on, quote, top line numbers with house and senate leaders for a two-year budget deal along with a long-term debt ceiling increase. mnuchin says the two sides still discussing offsets to cover the increase as well as other structural issues. that's his word. they hope to finalize things before the august recess. they have to sort of have an outline by tomorrow more or less wouldn't they? >> basically. i'd like to welcome everybody to my 30-minute talk on offsets. here's the bottom line. nancy pelosi and steven mnuchin have engaged in numerous phone calls. there's a new urgency because the debt ceiling could be hit in early september. that's why they want to do it before august. they have been making very good progress. the offset piece is difficult. they have been trading proposals back and forth. another difficulty, not everybody in the white house wants this deal. there's an element of the white house, including mick mulvaney that aren't keen on giving the democrats the spending increases they want. mitch mcconnell asked
deal yet but steven mnuchin says the administration has agreed on, quote, top line numbers with house and senate leaders for a two-year budget deal along with a long-term debt ceiling increase. mnuchin says the two sides still discussing offsets to cover the increase as well as other structural issues. that's his word. they hope to finalize things before the august recess. they have to sort of have an outline by tomorrow more or less wouldn't they? >> basically. i'd like to welcome...
and then speaking of amazon, treasury secretary steven mnuchin said that the company has destroyed the u.s. retail industry and a has little competition. we should also add the justice department announced yesterday a broad anti-trust investigation they've opened into big u.s. technology companies and then also back to amazon, amazon says that 90% of retail sales take place in brick and mortar stores, a little back and forth between the treasury secretary and amazon. lauren: facebook said the ftc opened an investigation into them. this follows a settlement with the ftc over privacy allegations. facebook posted stronger than expected second quarter results, able to grow their user base, despite the investigations. cheryl: tesla shares, we're watching that stock in the premarket right now. the company's second quarter numbers missed the street's forecast. tesla said it is working to increase production capacity. the stock is down 10 and three quarters of a percent. also, the company said that they lost over $400 million in the quarter, despite record sales led by of course the new mo
and then speaking of amazon, treasury secretary steven mnuchin said that the company has destroyed the u.s. retail industry and a has little competition. we should also add the justice department announced yesterday a broad anti-trust investigation they've opened into big u.s. technology companies and then also back to amazon, amazon says that 90% of retail sales take place in brick and mortar stores, a little back and forth between the treasury secretary and amazon. lauren: facebook said the...
Power Lunch : CNBC : July 18, 2019 2:00pm-3:00pm EDT
will take here but sending a shot acrowe the bow. >> secretary steven mnuchin. >> reporter: goingses are going on right now mnuchin said there's an increase in the debt ceiling, two years of top line federal spending numbers and recognition any spending increases need to be offset >> we're working hard to reach an agreement if we don't get there in time, i am encouraging a debt ceiling increase >> reporter: the offsets a source inside the white house tells me they're looking for about $150 billion in spending cu cuts, a number making it tough for democrats to sign on a reason this is such an urgent issue the treasury could run out of money in early september while congress is on recess. lawmakers want to take care of this as they leave for recess. republicans are floating the idea of a 30-day debt ceiling increase if they can't reach a compromise >> thank you, ylan mui dom chu has your debt ceiling playbook >>> get ready for volatility at least near term incidents of budget impasses and debt ceiling increases. in 2011, 2013, and most recently in the fourth quarter of this past year,
will take here but sending a shot acrowe the bow. >> secretary steven mnuchin. >> reporter: goingses are going on right now mnuchin said there's an increase in the debt ceiling, two years of top line federal spending numbers and recognition any spending increases need to be offset >> we're working hard to reach an agreement if we don't get there in time, i am encouraging a debt ceiling increase >> reporter: the offsets a source inside the white house tells me they're...
Business Briefing : BBCNEWS : July 16, 2019 5:30am-5:46am BST
treasury secretary steven mnuchin. the financial times reports on a boost for the uk's electric car industry, or at least forjaguar, after prime minister theresa may signed off a loan guarantee worth £500 million. money to help britain's biggest carmaker invest in its future. the daily mail headline, "toxic threat to babies in womb", highlights a report by british mps that babies are at risk of being pre—polluted by toxins in everyday household items before they're even born. and finally, 50 years after the launch of the apollo 11 moon mission, the new york times reveals how three reels of original footage of the landing bought forjust $200 are expected to sell at auction for more that $1 million. so let's begin. with me is james hughes, chief market analyst at the brokerage firm axi trader. starting with the washington post. sadiq khan, london's first muslim mayor. justin trudeau, the prime minster of canada. it is a long list. unfortunately, it is not
treasury secretary steven mnuchin. the financial times reports on a boost for the uk's electric car industry, or at least forjaguar, after prime minister theresa may signed off a loan guarantee worth £500 million. money to help britain's biggest carmaker invest in its future. the daily mail headline, "toxic threat to babies in womb", highlights a report by british mps that babies are at risk of being pre—polluted by toxins in everyday household items before they're even born. and...
Bloomberg Daybreak: Europe : BLOOMBERG : July 16, 2019 1:00am-2:30am EDT
time for citigroup. wells fargo numbers are also on the docket. balancing act. steven mnuchin says he could go to beijing if a trade talk goes well, and also criticized facebook's cryptocurrency ahead of a crucial hearing. theset to make history, german defense minister steps down as defense minister ahead of a secret ballot that could cement her as the first female european commission president. ♪ ♪ manus: warm welcome to your biggest concern -- to "daybreak europe," and what is your biggest concern, a meltdown or a melt-up? this is the msci world index. to bail on stocks. central banks are giving you a gift, that is their message. more of a risk as equity markets go up, and people don't appreciate that. the question is, do you believe that going into earnings season? the least attractive market for them, the usa, their top calls australia and japan. a couple more markets, even i can't make wti more exciting than it is. downgraded, what will the inventory tell us? and gold, it was red, i do promise you, ahead of retail sales. the point, if you want to protect yourself as yield
time for citigroup. wells fargo numbers are also on the docket. balancing act. steven mnuchin says he could go to beijing if a trade talk goes well, and also criticized facebook's cryptocurrency ahead of a crucial hearing. theset to make history, german defense minister steps down as defense minister ahead of a secret ballot that could cement her as the first female european commission president. ♪ ♪ manus: warm welcome to your biggest concern -- to "daybreak europe," and what is...
lighthizer and treasury secretary steven mnuchin just got off the phone with chinese vice premier liu he. officials say both sides are continuing negotiations to resolve outstanding trade issues, but we really didn't give any detail so again, that's why i said fits and starts. >>> let's look at the impact on the markets. you know, not really anything too dramatic. you could argue that everybody's waiting on federal reserve chair jerome powell's speech to congress tomorrow. it's a two-day kind of q & a opportunity, first with the senate, then the house. used to be called humphrey hawkins testimony. we are middling around. the dow jones industrials down 56. s&p about flat as a pancake and the nasdaq is climbing 35. let's talk about networking equipment giant cisco systems. both a nasdaq and dow stock. it's buying optical component maker for $2.8 billion. let me give you the optics of the deal. cisco, which is up about a quarter of a percent right now, is paying $70 in cash for each acacia share. right now, that's at $64.94, even with a gain of 35% right now. so when cisco says you know wha
lighthizer and treasury secretary steven mnuchin just got off the phone with chinese vice premier liu he. officials say both sides are continuing negotiations to resolve outstanding trade issues, but we really didn't give any detail so again, that's why i said fits and starts. >>> let's look at the impact on the markets. you know, not really anything too dramatic. you could argue that everybody's waiting on federal reserve chair jerome powell's speech to congress tomorrow. it's a...
economic advisor larry kudlow and secretary steven mnuchin have arranged a meeting with chip and software companies to discuss how they move forward. among those invited are intel and qualcomm. the president said he would loosen restrictions on huawei last month. as we mentioned, president trump has advocated for a global ban on huawei on security grounds. alarming european telecom operators who rely on the equipment. the eu says it may deem certain 5g suppliers a security risk because chinese law requires companies to collaborate with intelligence companies. the eu is putting a risk assessment report together. if huawei and zte are banned in europe, phone companies would endure $52 billion in costs. the rollout would likely be delayed as well. and medallia shares surged in the first day of trading. a 62% up shortly after listing friday. vonnie quinn caught up with medallia ceo leslie stretch on the floor of the new york stock exchange. leslie: i'm a software guy. i'm looking at the future and how we can build better software to help our customers understand their customers. it is a great
economic advisor larry kudlow and secretary steven mnuchin have arranged a meeting with chip and software companies to discuss how they move forward. among those invited are intel and qualcomm. the president said he would loosen restrictions on huawei last month. as we mentioned, president trump has advocated for a global ban on huawei on security grounds. alarming european telecom operators who rely on the equipment. the eu says it may deem certain 5g suppliers a security risk because chinese...
KQED (PBS)
Washington Week : KQED : July 19, 2019 7:30pm-8:01pm PDT
by KQED
administration. it was interesting to see steven mnuchin and larry cut low out with that same line stressing we will reach a deal, this is crucial. robert: they want the market to stay up. >> absolutely. the messaging is there the qution ishat's happening behind the scenes towards agreement. robert: what does speakerwa peli ? more spending on non-defense programs? >> more spending on veterans programs. republicans are insisting on offsets. that's one of the things getting negotiated o the hill. you feel like the congressional leaders could negotiate a deal.t it's justng it through this process, including the white house, that makes it so difficult.rt ronext week, bob, robert mueller comes to capitol hill. we have about a mute left. one thing you're looking to hear from? mr. muell bob: something new, something concrete. hard evideade. he it clear in his report on the major issues, trump gets off for the moment. now, that can change in a minute. the other issue is potential war. i did a chronology, 20-page chronology abo iran. robert: are we heading to war? bob: you read the chronolo
administration. it was interesting to see steven mnuchin and larry cut low out with that same line stressing we will reach a deal, this is crucial. robert: they want the market to stay up. >> absolutely. the messaging is there the qution ishat's happening behind the scenes towards agreement. robert: what does speakerwa peli ? more spending on non-defense programs? >> more spending on veterans programs. republicans are insisting on offsets. that's one of the things getting...
Bloomberg Markets: Balance of Power : BLOOMBERG : July 16, 2019 12:00pm-1:00pm EDT
will testify before the house financial services committee tomorrow. let's not forget steven mnuchin yesterday at the white house raising concerns the administration has with regards to the digital currency field. david: before that we had chair powell from the fed raising concerns last week. ,f you were mr. marcus listening to everything you are hearing from the senate, would you walk away having a better sense of what congress once from him? kevin: that is a great question. the short answer would be no. in talking with the internet community and the lobbying groups in washington, d.c., as sympathizerschain who believe this is the future, they make that point. the regulatoryre reforms the administration and lawmakers are calling for, rather than just reputational risk concerns we have seen time and time again beyond the issue of privacy. rangingnt to concerns from international regulatory patchwork of regulations they and point tow various discrepancies are republicans criticizing big tech for conservative freedom of speech reasons and other lawmakers like senator elizabeth warren who are cal
will testify before the house financial services committee tomorrow. let's not forget steven mnuchin yesterday at the white house raising concerns the administration has with regards to the digital currency field. david: before that we had chair powell from the fed raising concerns last week. ,f you were mr. marcus listening to everything you are hearing from the senate, would you walk away having a better sense of what congress once from him? kevin: that is a great question. the short answer...
then he will fly around the world next week with steven mnuchin for china trade talks. a lot of economic news on what was otherwise a slow friday in washington. david: never slow at the white house. that is for sure. our thanks to kevin cirilli. now let's get more on those gdp numbers with carl riccadonna. were they encouraging? carl: the 2.1% would have been 2.7% were it not a big drag from exports. we can see the impact of a strong dollar on these numbers. that being said, i would be more encouraged if we were looking at itersified growth, meeting was contributions from exports and business investment and an array of categories, housing. that was not the case. it was consumers going it alone type of economy, which would be good enough to prop up growth at a pace sustainable too low 2% territory. certainly it would be much more encouraging for the economic outlook if we were seeing a bunch of contributions. david: that is the pattern we are seeing elsewhere. a tale of two economies. there's the consumer that is doing well. carl: exceptionally well. consumer spending on durables
then he will fly around the world next week with steven mnuchin for china trade talks. a lot of economic news on what was otherwise a slow friday in washington. david: never slow at the white house. that is for sure. our thanks to kevin cirilli. now let's get more on those gdp numbers with carl riccadonna. were they encouraging? carl: the 2.1% would have been 2.7% were it not a big drag from exports. we can see the impact of a strong dollar on these numbers. that being said, i would be more...
Bloomberg Markets: European Close : BLOOMBERG : July 12, 2019 11:00am-12:00pm EDT
news with courtney donohoe. courtney: treasury secretary steven mnuchin told nancy pelosi the government may run out of cash in early september if congress doesn't increase the debt ceiling. he wants lawmakers to act before they take their six week recess starting on july 26, but it is not clear that the white house can reach a deal by then. a tropical storm racing through the gulf of mexico to louisiana could hit the coast as a hurricane tomorrow. the national hurricane center says two feet of rain could fall in some places, and that is likely to increase flooding in new orleans and cost up to $1 billion in damage. the storm has already shut down about half of its global oil output in the gulf. china promising to impose sanctions on u.s. companies involved in arms sales to taiwan. the foreign ministry says those will hurt china's sovereignty and national security. the state department has approved a package for taiwan that includes tanks and stinger missiles. to the world's largest automaker -- two of the worlds largest automaker's up on autonomous vehicles. argo's invest in
news with courtney donohoe. courtney: treasury secretary steven mnuchin told nancy pelosi the government may run out of cash in early september if congress doesn't increase the debt ceiling. he wants lawmakers to act before they take their six week recess starting on july 26, but it is not clear that the white house can reach a deal by then. a tropical storm racing through the gulf of mexico to louisiana could hit the coast as a hurricane tomorrow. the national hurricane center says two feet...
Asia Business Report : BBCNEWS : July 17, 2019 1:30am-1:45am BST
follow criticism by president trump, the treasury secretary steven mnuchin, and jerome powell. appearing in front of the senate banking committee, facebook executive david marcus defended this project. i believe that if america doesn't lead innovation in digital currency, and payments areas, others will. if our country fails to act, we could soon see a digital currency controlled by others, whose values are dramatically different from oui's. are dramatically different from ours. i believe that liber can drive does it have changed for many people and provide an opportunity for leadership consistent with our shared values. north america reporter dave lee told me what else we learn from this hearing. reporter dave lee told me what else we learn from this hearingm wasn't a particularly comfortable hearing for facebook's david marcus, ican hearing for facebook's david marcus, i can tell you that. there are two issues here at play, one of them is that he is about digital currency in general, whether it is going to be used for illegal purposes, money laundering, buying of drugs
follow criticism by president trump, the treasury secretary steven mnuchin, and jerome powell. appearing in front of the senate banking committee, facebook executive david marcus defended this project. i believe that if america doesn't lead innovation in digital currency, and payments areas, others will. if our country fails to act, we could soon see a digital currency controlled by others, whose values are dramatically different from oui's. are dramatically different from ours. i believe...
Washington Journal Jeff Mason & Ella Nilsen : CSPAN : July 15, 2019 1:16pm-2:00pm EDT
. i think there is still kind of a long road ahead. of thehat's your sense roles that steven mnuchin and mick mulvaney will play in getting a resolve on this? guest: they have an interest in getting something done and making sure the debt ceiling gets raised. both parties have used the fight over budgets and the debt ceiling in particular as a way to get something else they want. we will see to what extent that ends up being the dynamic in the coming weeks. i believe secretary mnuchin has said recently, i think he sent a letter to speaker pelosi saying he would like to see this issue taken care of before the august recess because the united states technically might run out of money before congress gets back in the fall if they don't raise the debt ceiling before then. host: has the president said anything specifically about resolving these legit issues? guest: i haven't seen anything from him on this. now that we are getting closer d-day, theto the reporters will start asking him but i cannot recall anything he said about himself lately. host: is there a sense that when it comes to getti
. i think there is still kind of a long road ahead. of thehat's your sense roles that steven mnuchin and mick mulvaney will play in getting a resolve on this? guest: they have an interest in getting something done and making sure the debt ceiling gets raised. both parties have used the fight over budgets and the debt ceiling in particular as a way to get something else they want. we will see to what extent that ends up being the dynamic in the coming weeks. i believe secretary mnuchin has said...
Cavuto: Coast to Coast : FBC : July 17, 2019 12:00pm-2:00pm EDT
: on the debt ceiling, we were talking to steven mnuchin. what is the pathway, what are the stumbling blocks to get this done before the end of next month? >> let's start with next week and engineer back. we would like to have something on the floor next thursday. so that we can send it in a timely fashion to the senate so that they can go through their shall we say particularly senatorial process to get it done in time before they leave, so if we're talking about next thursday being on the floor, we have to back up almost until this friday to have an agreement reached so that we can duly note it. pursuant to the new rules we don't count weekends in the 72-hour notice so we have to have something that we can post sometime this weekend so that the time ticks away in order for us, before it goes to rules and to the floor. so when we have an agreement, we will write it up and we have to do all of that by friday evening. reporter: what are the policy issues [ inaudible ]? >> it's all about money, right? i think i said yesterday, if you read my letter, it was very clear. our conc
: on the debt ceiling, we were talking to steven mnuchin. what is the pathway, what are the stumbling blocks to get this done before the end of next month? >> let's start with next week and engineer back. we would like to have something on the floor next thursday. so that we can send it in a timely fashion to the senate so that they can go through their shall we say particularly senatorial process to get it done in time before they leave, so if we're talking about next thursday being on...
united states, secretary the treasury steven mnuchin also asked about the president's tweets. here was his response. [video clip] >> do you find the president's tweet racist and what you make of white nationalists praising those tweets? >> i do not find them racist. the president speaks for himself on that and i think he was clear. we are focused on cryptocurrency's. host: and from the new york times today, carl holds with his news analysis piece on the republican response to the president's tweets, calling it a muted republican response, sending a signal for 2020 that it is trumps party. we want to get your thoughts on line four republicans and democrats and independents. shelton has been waiting out of shreveport, louisiana. an independent. good morning. caller: i want to start off by ising what is happening there is a lot of redbaiting going on, trying to marginalize what people are fighting for in our society and trying to make it into something bad. we do not want no stagnated government. we want things to move forward , just like the establishment of social security. we want univ
united states, secretary the treasury steven mnuchin also asked about the president's tweets. here was his response. [video clip] >> do you find the president's tweet racist and what you make of white nationalists praising those tweets? >> i do not find them racist. the president speaks for himself on that and i think he was clear. we are focused on cryptocurrency's. host: and from the new york times today, carl holds with his news analysis piece on the republican response to the...
part in the program to build the f-35 fighter jet. a warning from steven mnuchin. he has told nancy pelosi the government may run out of cash in early september if congress does not increase the debt ceiling. wantsary mnuchin lawmakers to act before they take their six-week recess starting july 26 but it is not clear if the house and white house can reach a deal by then. president trump says nationwide will be carried out this weekend, focusing on criminals. mr. trump told reporters "we will be taking them out by the thousands." he previously postponed the raids, saying he wanted to give lawmakers a chance to change immigration laws. global news 24 hours a day, on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. craig, back to you in washington. craig: turkey says it has received the first major delivery of russian defense missile systems. joining us for more on the story is built fairies -- bill faries. what does this mean for u.s.-turkey relations? >> it is the latest blow in a long time pa
part in the program to build the f-35 fighter jet. a warning from steven mnuchin. he has told nancy pelosi the government may run out of cash in early september if congress does not increase the debt ceiling. wantsary mnuchin lawmakers to act before they take their six-week recess starting july 26 but it is not clear if the house and white house can reach a deal by then. president trump says nationwide will be carried out this weekend, focusing on criminals. mr. trump told reporters "we...
begin with breaking news. treasury secretary steven mnuchin set to hold a news conference any moment otthe white house about crypt okurancies we'll bring it to you live as soon as it begins. ylan maya joins us not too many details out so far. >> this is a little bit of a surprise, but fed chairman jay powell said this is an issue that fsoc intends to take un, so we'll see if the secretary provides us any additional information there. we know that david marcus, the head of calebra for facebook will be testifying on capitol hill tomorrow. his testimony came out today in which he struck a very humble but sort of defensive tone in saying that libra is not intended to be an investment vehicle. it's intended to be a payment vehicle that the crypt okurancy will not be used for monetary policy, and sort of defending this as a way for facebook to provide economic opportunity to its users. but of course, he is going to be facing a very hostile environment when he testifies tomorrow, and certainly we'll see if that same tone is echoed by the treasury secretary when he speaks in just a few minut
begin with breaking news. treasury secretary steven mnuchin set to hold a news conference any moment otthe white house about crypt okurancies we'll bring it to you live as soon as it begins. ylan maya joins us not too many details out so far. >> this is a little bit of a surprise, but fed chairman jay powell said this is an issue that fsoc intends to take un, so we'll see if the secretary provides us any additional information there. we know that david marcus, the head of calebra for...
Bloomberg Markets: Americas : BLOOMBERG : July 23, 2019 1:00pm-2:00pm EDT
meeting yesterday at the white house with tech executives and is steven mnuchin, robert lighthizer and other senior officials. on the chinese side, there is anticipation in washington that they are about to resume some serious agricultural purchases as their own gesture of goodwill. things broke down in may and they got acrimonious. there is a lot of mistrust still in the bloodstream. so we want to get back on track. amber: the markets are optimistic at this moment. thank you, shawn. if you missed any of this, you can catch all of the charts on gtv . this is bloomberg. ♪ >> i am mark crumpton with bloomberg's first word news. face-to-face talks between the u.s. and china will take place next week. bloomberg has learned that u.s. trade representative robert lighthizer and other officials will travel to china monday for the first high-level trade negotiations between the two nations since talks broke down in may. president trump and chinese president xi jinping met at the g 20 summit in japan last month, and declared a tentative truce in their year-long trade war. meantime fbi dire
meeting yesterday at the white house with tech executives and is steven mnuchin, robert lighthizer and other senior officials. on the chinese side, there is anticipation in washington that they are about to resume some serious agricultural purchases as their own gesture of goodwill. things broke down in may and they got acrimonious. there is a lot of mistrust still in the bloodstream. so we want to get back on track. amber: the markets are optimistic at this moment. thank you, shawn. if you...

redpajama_set_name: RedPajamaCommonCrawl