KEY POINTS
  • President Trump announced no new policies and made no new substantive arguments, writes CNBC's John Harwood.
  • But neither did Democratic congressional leaders Nancy Pelosi and Charles Schumer when they followed his remarks with their own.
  • The shutdown approaches its fourth week as costs rise for businesses and individuals reliant on government services, for federal workers poised to miss paychecks on Friday, and for the broader economy.
U.S. President Donald Trump speaks during an address on border security in the Oval Office of the White House in Washington, D.C., U.S., on Tuesday, Jan. 8, 2019.

President Donald Trump's lunchtime prediction to broadcasters on Tuesday was right. His televised speech didn't change a "damn thing" about the government shutdown. He's still losing the fight.

Addressing Americans from the Oval Office, Trump at times offered a somewhat softer justification for his border wall demands in a bid to spur Democratic defections. He decried the "cycle of human suffering" produced by illegal border crossings, hurting African-Americans, Latinos, women and children.