Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread 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
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
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
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread 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
Markets in Asia fell on Wednesday morning after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
The purchase confirms Apple's continued interest in self-driving car software, and it will bolster Apple's engineering ranks with additional employees who can build autonomous...Technologyread more
More than 1,000 protesters marched to major foreign consulates on Wednesday calling on leaders at the upcoming G-20 summit to raise the plight of Hong Kong with China and to...World Politicsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Trump said an announcement on China trade will be coming after the bell on Monday. He's expected to announce a new round of trade measures in an escalating tit for tat between the two countries.
"The president wants to have a big, public battle and is not under the impression that if we got in a shooting trade war that it would lead both of us into recession. But the market knows that it would," said Goolsbee, who served as chairman of the Council of Economic Advisors under Obama.
That's why people are hoping others in the administration can do what they can to thwart Trump, he said Monday on "Power Lunch, " referring to the recent New York Times op-ed from a senior administration official who detailed those attempts.
Earlier in the day, top White House economic advisor Larry Kudlow said that Trump has "not been satisfied" with the trade talks with China. He also confirmed the administration was readying additional tariffs.
"The president has suggested tariffs on a couple $100 billion" in Chinese goods, said Kudlow, director of the National Economic Council. "My guess is that an announcement will be coming soon."
His comments came after a report by The Wall Street Journal that Trump was set to move forward with tariffs on $200 billion in Chinese goods. The report followed other news outlets saying that U.S. officials were trying to restart U.S.-China trade talks.
"Every time they take one step toward 'let's have some trade negotiations, let's try to achieve something, let's try to get some allies on board with us to collectively go confront China,' they then turn around and the Mr. Jekyll comes out and the president begins tweeting," Goolsbee said. "There is a big danger to the markets and a big danger to the economy."
On Monday morning, Trump tweeted that tariffs put the U.S. in a strong bargaining position.
In July, Trump told CNBC that he's ready to put tariffs on all $505 billion of Chinese goods imported to the U.S.
— CNBC's Fred Imbert contributed to this report.