The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
Supreme Court Justice Ruth Bader Ginsburg has completed a three-week course of radiation therapy for cancer, the top court said in a statement Friday.Politicsread more
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
Yields slipped after Powell said that the central bank will continue to act as appropriate to sustain the economic expansion.Bondsread more
Multinationals that rely on the supply chain from China are tumbling after President Donald Trump ordered them to find alternatives to their Chinese operations.Marketsread more
Semiconductor stocks and shares of Apple slid on Friday after President Donald Trump said U.S. companies should "immediately start looking for an alternative" to their...Technologyread more
The two American car companies are among the top exporters of U.S.-produced vehicles to China along with BMW and Daimler/Mercedes-Benz, according to industry data obtained by...Autosread more
"He's not going to change the platform of the Republican Party, the views of the Republican Party," McConnell told CNBC's "Squawk Box."
"I think we're much more likely to change him because if he is president, he's going to have to deal with sort of the right-of-center world, which is where most of us are."
McConnell has thrown his support behind Trump, though a number of Republican leaders, including House Speaker Paul Ryan, have not pledged their unqualified endorsement of the presumptive Republican presidential nominee.
McConnell said he does not agree with many of the things Trump said, but added that he believes the country needs a new direction. He said the Constitution has the ability to keep Trump in check.
"I do think that the Constitution and the traditions of this county constrain all of us — those of us in Congress and those of us in the White House — from some of our impulses, shall I say, that we'd like to pursue."
McConnell said he would like to see "a more thoughtful Trump" who sticks to a script to outline specific policy points.
Trump should reverse his "inflammatory" statements about Hispanics, McConnell said. Trump notoriously characterized Mexican migrants as criminals and rapists last year, and has said he would force Mexico to pay for a border wall.
McConnell said he agrees with Trump that the border should be better secured but criticized him for his "gratuitous" attack on New Mexico Gov. Susana Martinez, the nation's first Latina governor and chairwoman of the Republican Governors Association.
At a campaign event in the state, Trump accused Martinez of allowing Syrian refugees to settle in New Mexico and blamed her for economic problems there. He made the comments after Martinez declined to endorse him and to attend his rally in Albuquerque.
Correction: This story was revised to correct that the McConnell interview was Wednesday.