Richard Yu, CEO of Huawei's consumer business, said Huawei's own operating system for smartphones and laptops could be ready for use in China by fall this year.Technologyread more
U.S. stock index futures were lower Thursday morning, as market participants continue to monitor an intensifying trade war between the world's two largest economies.US Marketsread more
British Prime Minister Theresa May could announce her resignation in the next few days, according to U.K. media reports, as she faces increasing pressure from members of her...Europe Politicsread more
Shares of Chinese telecommunications heavyweight Huawei's suppliers took a hit on Thursday amid the ongoing fallout surrounding the Chinese telecommunications giant.Asia Marketsread more
Lawmakers, lobbyists and CEOs in the U.S. are looking to trying to pick out the best parts of the EU's privacy law called GDPR – and ditch what they see as the worst.Technologyread more
Indian Prime Minister Modi is on course to return to power for a second term after his party reportedly won big at the parliamentary elections.Electionsread more
The embattled German lender saw its share price hit a record low Monday, down nearly 5% since the start of the year.Banksread more
Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
Political experts believe the vote could give more insight into national politics in each member state, rather than on the future of the EU itself.Europe Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
China accounted for 40% to 60% of the global increase in trichlorofluoromethane, or CFC-11, emissions between 2014 and 2017, a study found.Scienceread more
President Donald Trump should not declare a national emergency over illegal immigration in order to bypass Congress to get his long-promised wall along the U.S.-Mexico border, Sen. Chuck Grassley, a veteran Republican from Iowa, told CNBC on Friday.
Declaring a national emergency could give the president the ability to use the military to build the wall instead of getting Congress to approve funding for it.
Trump wants about $5.7 billion for border security, including about 234 miles of new barriers. Democrats, who now control the House, have refused to allocate any money that goes to the building of any more walls or fences along the U.S. southern border.
Grassley said in a "Squawk Box" interview that "I believe you're going to find it in the courts almost immediately. And the courts are going to make a decision" if Trump declares an emergency. Grassley said the quicker the Supreme Court could make a decision on the matter should it come to pass the better.
"The president is threatening emergency action, a national emergency declaration. I don't think he should do that. I think it's a bad precedent. And it contravenes the power of the purse that comes from the elected representatives of the people," said Grassley, who was elected to Congress in 1974 and the Senate in 1980.
On Wednesday, Trump said he will "probably" declare a national emergency if a wall deal can't be worked out.
"If today, the national emergency is border security ... tomorrow the national emergency might be climate change," said the Florida lawmaker, referring to climate change as an issue that's near and dear to Democrats and anathema to Republicans.
Both Trump and Democrats have been digging in on their wall positions, leading to a partial government shutdown, now in Day 21. On Friday, the shutdown tied the 1995-96 closure during the Clinton administration as the longest ever. Also Friday, more than 800,000 federal workers were starting to miss paychecks.
Grassley, who once again takes on the chairmanship of the Senate Finance Committee, said, "I don't understand why there can't be a compromise here." He added, "We have so many senators and a lot of House members that have already supported 650 miles of fence" in the past.
As recently as 2013, Senate Democrats supported immigration legislation that called for border fencing to be built. That bill was stopped in the then-GOP controlled House. Democrats nowadays said the conditions were different then.
"Then you have Republicans supporting something that Democrats want to do, something about the DACA kids. Seems like there's plenty of opportunity here to compromise," Grassely said.
In negotiations with Trump to end the current shutdown, Democrats had agreed to some border wall funding as part of an ultimately scuttled deal to protect the so-called Dreamers, people who were illegally brought to the U.S. as children.
"You got to negotiate is the bottom line," said Grassely, who has spent more than four decades on Capitol Hill.
On the other side, House Majority Leader Steny Hoyer certainly agreed with Grassley that a deal needs to be made. But Hoyer, a Democrat from Maryland, told CNBC in a separate appearance Friday that Trump's proposed wall is not immoral, as many of his Democratic colleagues have called it. But he said it would be ineffective and a waste of money.
The border wall is "not a question of morality," said the Maryland Democrat. "For me, it's a practical issue. Is it effective? Will it work? Is it the best thing we can do to secure the border? Most of the people I talk to, including on the border, don't think it is."