Mnuchin told CNBC that he's confident President Donald Trump and President Xi Jinping can make progress in stalled trade talks.World Economyread more
U.S. stock index futures jumped Wednesday morning after Treasury Secretary Steven Mnuchin told CNBC that the U.S. and China were almost there on a trade deal.US Marketsread more
President Donald Trump's administration hopes additional sanctions on Iran will force the country to negotiate.Politicsread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
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Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Some 4 million people have fled the South American country since 2015 amid an economic meltdown.World Politicsread more
Former Senate Majority Leader George Mitchell said Wednesday the U.S. can't expect China to help with North Korea's nuclear weapons threat.
Mitchell, a key mediator in the 1998 Good Friday peace agreement in Northern Ireland, said the problem with the U.S. and China teaming up is the latter's "long-term interests are the exact opposite of ours."
"In the short-term, we both want stability. We wish this guy would calm down," Mitchell said on CNBC's "Squawk Box, " referring to North Korean leader Kim Jong Un. "But in the long term, we want a unified Korea and a democratic regime. And that's the last thing that China wants."
Also on "Squawk Box," former Australian Prime Minister Kevin Rudd said China believes North Korea's nuclear weapons are a U.S. problem. Persuading China requires a "president-to-president conversation," he added.
Rudd , president of Asia Society Policy Institute, also said North Korea's base interest in testing its nuclear weapons is "regime survival."
"Their calculus is, 'I either do that with a nuke or I do that with an enforceable agreement with two people who sort of like me — the Chinese and the Russians — and a bunch of people who don't,'" he said.
On Wednesday, Russian President Vladimir Putin condemned North Korea's actions and urged the international community to hold fresh talks to try to resolve the North Korean crisis.
After North Korea's test detonation on Sunday of what it claimed was a hydrogen bomb, President Donald Trump tweeted that the U.S. is considering "stopping all trade with any country doing business with North Korea. " The Trump administration urged its allies to use all possible diplomatic measures and impose urgent economic sanctions to prevent a war.
Earlier this week, China's foreign ministry released a statement saying that "sanctions alone are no way out for the North Korea issue."