nearvideo-stocks fall as China announces retaliatory tariffs, Trump goes on the offensive
The Dow takes a dive as China’s retaliatory tariffs announces on some U.S. goods, President Trump rips Federal Reserve; Kevin cork reports from the White house.
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On the roster: China’s counter-punches about the fees, the growing fear of recession – Moulton driving, warns Dems on the left of the stitch – Pompeo, eying possible Senate, nuzzles donor – Audible: catch You with the niner in there? – That escalated quickly
CHINA’S COUNTER-PUNCHES ABOUT THE FEES, THE FEAR OF RECESSION GROWS
AP: “The United States has said, impose it plans to 10% of the customs duties on $ 300 billion of Chinese goods in two steps, on Sept. 1 and Dec. 15. China on Friday announced new tariffs on $75 billion in U.S. products in retaliation for the tariffs, the deepening threatens a conflict about trade and technology, to tilt of a weakening world economy into recession. Also China is increasing the import duties on U.S.-made cars and the car is announced-parts, the Ministry of Finance. The announcement comes as the leaders of the group of 7 largest economies prepare to be in France this weekend. The customs duties of 10% and 5% occur on two batches of goods, on Sept. 1 and Dec. 15, the Ministry said in a statement. It gave no details of what would be affected, but the timing fits Trump’s planned duty hikes.”
Trump: Americans ‘hereby appointed’ shun business with China – Politico: “President Donald Trump on Friday used a tweet to U.S. companies to find an alternative to the business with China, as he struck in Beijing in the last round of retaliatory tariffs, and obliged to respond to you later in the day. It was unclear exactly what Trump meant by the order, or how much power it has, but the tweets recorded by the President frustration as its escalating trade war with China is weighing on the economy and increases the risk of a recession in an election year. … [Trump tweeted], ‘Our great American companies are hereby ordered immediately to search for an alternative to China, including bring your company HOME, and they make their products in the USA. I’ll respond to China’s duties this afternoon. This is a Great opportunity for the United States.'”
Trump can hold back tax reduction for the choice of the boost – WSJ: “top Trump administration official said on Thursday, a middle-class tax cut proposal could be revealed, while the 2020 presidential campaign, adding a new layer to a series of conflicting messages from the White house. ‘You may very well see a new rollout of additional middle class tax relief and small-business tax relief,’ Lawrence Kudlow, the White House National Economic Council Director, said on Thursday evening on the Fox Business Network. President Trump said Wednesday tax-cut proposals have not been taken into account, contradictory remarks he had made, a day earlier amid reports of a slowing economy.”
Campaign calls female supporters in the public-go to AP: “The Trump campaign has a message for his female Fans: It’s time to come out of hiding. ‘There are a lot of people, the fear must, with the expression of your support, and I want you ladies to know it is OK to have felt that way, but we need to move past, or the Democrats will win,” said Tana Goertz, a Trump campaign consultant, at Iowa, “women for trump” event on Thursday. The Iowa event was held in the back room of a barbecue in a suburb of Des Moines, was one of more than a dozen in the battleground States of the country, voluntary far as part of a push to the president’s case on the economy and schools. … But polling suggests his challenges. The most recent Associated Press-NORC Center for Public Affairs research survey, only 30% of women approve of the way the President does his job, compared to 42% of men. Above all, there was no gap between Republican men and women — 80% of both groups said that they agreed his performance in the August survey.”
THE RULES: TEN-HUT
“As far as an army can be used as a dangerous weapon of power, it had better be in the hands of those that people are likely to be jealous than in those of whom you be the least likely to be jealous.” – Alexander Hamilton, Federalist No. 25
TIME OUT: A FULL PLATE
Smithsonian: “Stegosaurus is one of the most popular and famous dinosaurs, recognizable by the diamond-shaped plates March on the back of the base of its neck to the end of its spiny tail. A new specimen dug up, the shows in the mountains of Morocco, that the prehistoric species is much more diversified, older, and geographically, than paleontologists previously thought. The sample, which probably represent a new species and genus of stegosaurs, has been identified by a team under the direction of Susannah Maidment of the Natural History Museum in London, reports the Press Association. The fossils in Morocco, middle Atlas mountains, only a few vertebrae and a humerus bone, but it was enough to the bone as belonging to a single stegosaur.”
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Average Approval: 41.6 Percent
The average of the rejection: 54.4 percent
Net Rating: -12.8 Percent
Change from a week ago: no change
[Average, includes: Monmouth University: 40% approve – 53% reject; CNN: 41% approve – 54% lean; NBC News/WSJ: 43% approve lean – 55%; Fox News: 43% approve, reject – 56%; Gallup: 41% approve, reject – 54%.]
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MOULTON DRIVING, WARNS DEMS ON THE LEFT OF THE STITCH
NYT: “representative Seth Moulton of Massachusetts, is the waiver of the election campaign, the end of a candidacy, emphasized that Mr Moulton’s centrist politics and military service, but gained no traction with primaries voters. Mr Moulton, 40, said in an interview that he had no immediate plans to endorse another candidate, but he warmly praised the former Vice President Joseph R. Biden Jr … Mr Moulton suggested that most of the other Democratic candidates were also working for free at this point, with only a small few – Mr. Biden, and senators Elizabeth Warren and Bernie Sanders – the Rest as a real competitor for the nomination. He warned in the interview that, if Democrats were to embrace an overly-liberal platform, it could make it more difficult for the party to defeat, President Trump. “I think it is obvious that this is now a three-way race between Biden, Warren and Sanders, and actually, it is a debate about how far to the left of the party should go,’ said Mr. Moulton.”
Bernie worries Dems with large green spend proposal – WaPo: “sen Bernie Sanders proposed a $16.3 trillion climate plan Thursday, an expansive blueprint is meant to increase the American ambitions to combat planetary warming in an election campaign is already characterized by aggressive democratic approaches. … An average of more than $1.6 trillion a year for 10 years, the new program would dwarf the entire annual discretionary budget of approximately 1.3 trillion US dollars in 2018, and would amount to more than double the current budget … The proposal fits Sanders ‘ pattern of staking out positions, select the liberal edge of the Democratic field. The strategy, the risks to alienate centrists in the primary and General elections, but it will also boost Sanders could representation as the true revolutionary in the field.”
The liberals pounce on Harris’ task of Medicare for all – Political: “Kamala Harris offered her health care plan expect to bridge party divides and determined to find the answer to doubt about you in see-sawing positions. But in the month since, the California Democrat is still struggling to disprove it, the attacks of their arch-rivals, the poking holes in its peculiarities… Harris’ universal coverage plan has been praised by more than a dozen health policy wonks and former Obama administration officials, including some who prefer to Sanders’ version of Medicare for All. But politically, it was a mess: the test is whether a senator not known for their health know-how, the skill has to thread the needle between Sanders and Biden on a complicated policy. And it accelerated questions why Harris supports Sanders’ plan for almost two years, stood with him in the year 2017 with the unveiling, to have pre-approval this week to a long time in doubt as to the Vermont senator’s proposal.”
Biden is all in electability – WaPo: “Joe Biden, his wife and his entire campaign apparatus have an electability argument front-and-center this week in an attempt to dispel all remaining doubts among Democrats about his ideology, his age or his verbal error. While recognizing that many in the party disagree with him — and that he did not upset you, you try the case, he positioned the Democrat at best, to the defeat of President Trump. … Electability is the point of his first campaign ad, now airing across Iowa. It contains a graph with four votes in which Biden handily defeated trump. … How the Democratic primary campaign on coasts, Biden wins polite applause from the audience, which misses the respect for him but clearly as by its presence as masses for the other candidates. He has verbal miscues almost daily, as his disciplined opponent seen such a big snake closely to your chosen messages.”
POMPEO, EYING POSSIBLE SENATE, NUZZLES DONOR
NYT: “[On] a trip on Tuesday to New York, Secretary of state Mike Pompeo met with Ronald S. Lauder, the cosmetics heir and billionaire Republican donor, two people informed on the meeting said, speaking on condition of anonymity to describe a closed meeting. He met with a conservative group to Unleash on the Committee, the prosperity, the routinely host events with potential candidates. The meeting included Steve Forbes, Chairman of Forbes media; the economist Arthur B. Laffer; and John A. Catsimatidis, a former New York City mayor-candidate. Mr. Pompeo itinerary only gave more credibility to the regular talk in Washington that Mr. Pompeo has been a hard run for the Senate from Kansas weigh-in, a step favored by the Republicans worried about holding the seat next year, but one that would leave a hole in the top echelons of the President of Trump national-security team.”
Kansas-members of Congress are under pressure to withdraw – Topeka, [Kan.] Capital-Journal: “the Kansas Republican U.S. Rep. Steve Watkins declined to answer news reporters questions at a campaign event on Thursday, amid a flurry of cross-party speculation his career in Congress come to an abrupt end after only eight months in office. Instead, he ran to a waiting vehicle and drove away. The Republicans in Kansas and Washington, DC, were pressure on Watkins to step down, but the reason for the possible cancellation is not safe. Jim Joice, the spokesman for Watkins, said it was not a resignation. … Watkins narrowly defeated Democrat Paul Davis , during a turbulent 2018 campaign, which has raised questions about Watkins’ military service and his treatment of women in Kansas, Alaska and elsewhere. The Topeka Capital-Journal, ” he reported from women in Topeka during the campaign, while you are engaged to be married, and after he was married, and identified a Wasilla, Alaska, resident, the accused Watkins of unwanted sexual advances. Watkins called the accusations ‘absurd.'”
Wayne LaPierre, survivors scandal, settling scores – NYT
David Koch, billionaire, philanthropist, conservative activist and donor, dies at 79 – WSJ
AUDIBLE: DID WE CATCH A NINER IN THERE?
“There are not many fun facts about me. There really aren’t that many fun-facts about me. I made a D in my last math class in high school, never took one in school, not to have taken, and continue to believe that 0 x 3 = 0, but 3 x 0 = 3.” – Former Rep. Trey Gowdy, R-S. C., in a birthday edition interview with Politico’s Playbook on Thursday.
Tune in this weekend, as Mr Sunday with the Secretary of the Treasury, Steven Mnuchin and Sen. Amy Klobuchar, D-Minn. Watch “Fox News Sunday with Chris Wallace.” Check local listings for broadcast times in your area.
#mediabuzz – Host Howard Kurtz has the latest take on the week’s media coverage. At #mediabuzz on Sunday at 11 a.m. ET.
FROM THE STANDS
“A recent comment to Marsha Zimmermann‘s position [as of Thursday’s halftime report audible] to choose for each presidential candidate, as long as you are a Democrat. I appreciate your position. In 2016, my thoughts were much the same. I have often said that I vote for someone or something not named Hillary Clinton…even a pen, because at least he had a point. See, in both sarcasm!” –Paul K. Schnier, Shoreham, NY
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THAT ESCALATED QUICKLY
The Guardian: “It all started on Monday, as a Fraser, Harvey went to his Café in Melbourne [Australia] city centre. On the occasion of his constant visits to the Sensory laboratory outlet on Collins Street, he put a small poster, which crowned him as his favorite customers. … Two hours after Harvey his image, to find he returned that someone usurped had him. A framed certificate, an anonymous opponent of the customer was claimed in the week (Every week)’. …Harvey returned with his own frame – an even bigger one. But then his tormentor-in-chief of the equipment to project get your face all over the shop. On Thursday, Harvey Guardian Australia, said he had finally put an end to the madness – through the printing of cards for the Fraser Harvey Memorial coffee-Loyalty-program, and crafting-shirts for the staff with his face on it. … But on Friday, Fraser the enemy of performance – a permanent tattoo of a sensory laboratory Cup of coffee, revealing her mostly. Revealing her identity as Harriet Noall – a town planner who works on the cafe – she told Guardian Australia now she was clear of the cafe ‘ s favorite customers.”
AND NOW, A WORD FROM CHARLES…
“Capitalism’s vice is that it’s all about – well, let’s say, a woman, the first historical run for the White house – in cash. Communism vice is that it’s all about – even, say, chess in the policy.” – Charles Krauthammer (1950-2018) writes in the Washington Post on November 1. March 1985.
Chris Stirewalt , the politics editor for Fox News. Brianna McClelland contributed to this report. FOX News mid-term report in your Inbox every day wants? Sign up here.