Ten 2020 Democratic presidential candidates will take the debate stage Wednesday at the Adrienne Arsht Center for the Performing Arts in Miami.2020 Electionsread more
Something unusual is happening in financial markets, and it could mean more gains lie ahead for stocks, if history is any indication.Marketsread more
Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
Virginia Sen. Mark Warner breaks down the idea behind a bipartisan bill he introduced to provide more transparency in Big Tech.Technologyread more
Venezuelan President Nicolas Maduro said security forces had foiled an opposition coup attempt that included plans to assassinate him and other top political figures.World Politicsread more
Credit Suisse initiated coverage of Tesla Wednesday with an "underperform" rating and a price target 15% below where the stock closed.Marketsread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
These attacks have given the public the opportunity to examine the problems associated with ransomware, where corporations -- not obligated to disclose these attacks -- have...Technologyread more
Online home goods retailer Wayfair sold roughly 1,600 mattresses and 100 bunk beds to Baptist Child and Family Services, a nonprofit that works as a federal contractor...Retailread more
"As a private company we don't have the tools to make the Russian government stop," Facebook CEO Mark Zuckerberg said at the Aspen Ideas Conference on Wednesday. "We can...Technologyread more
Wi-Fi 6 will be the next-generation wireless standard. Along with 5G, it will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and...Shaping the futureread more
The trade deal with Mexico happened quickly because of U.S. tariff threats, President Donald Trump told CNBC on Monday.
The president said the deal came together in just two days because Mexico's leaders knew the alternative would have been worse.
"Tariffs are a beautiful thing when you're the piggy bank," Trump said.
"As soon as I put tariffs on the table, it was done. It took two days," the president told CNBC's Joe Kernen during the telephone interview on "Squawk Box. "
The interview featured Trump riffing on a number of topics, including the continuing trade negotiations with China, his views on the Federal Reserve and the just-announced Raytheon-United Tech merger.
The tense negotiations with Mexico took place as the U.S. already was locked in a tariff battle with China and had placed duties on a number of other imports. Trump has said tariffs are essential to restore economic fairness between the U.S. and its global trading partners.
In the case of Mexico, though, the administration used tariffs to accomplish the political goal of stemming the illegal immigration flow.
"We talked about it for months and months and months and they wouldn't get there, and we said, 'Hey, look, if you don't get there, we're just going to have to charge you hundreds of billions of dollars in taxes," he said.
"If we didn't have tariffs, we wouldn't have a deal with Mexico," he added. "We got everything we wanted and we're going to be a great partner to Mexico now because now they respect us. They didn't even respect us. They couldn't believe how stupid we were with everything that's going on where somebody comes in from Mexico and just walks right into our country and we're powerless to do anything."
The White House had threatened to slap tariffs in Mexican imports if it didn't pledge to help stop the flow of illegal immigrants across the border. In a deal announced late Friday, Trump said Mexico had agreed to follow through on earlier concessions it had made on immigration.
Financial markets had been nervous about the standoff and moved higher Monday morning following the announcement.
In his CNBC interview, Trump said the negotiations will result in a more secure border.
"So we're going to be essentially using to a large extent the very powerful immigration laws of Mexico, and Mexico wants to do a good job," he said. "They're moving 6,000 soldiers to their southern border [with Guatemala]. You think they agreed to do that before?"