Report Casts Doubt Over Long-term U.S.-China Trade Deal

Stocks were higher Friday on news that the U.S. and China are in the final stages of a phase one trade deal. That's according to White House economic adviser Larry Kudlow and Commerce Secretary Wilbur Ross. Christian Fromhertz, Founder and CEO of the Tribeca Trade Group, joined Cheddar to discuss.

Federal Reserve Chairman Jerome Powell says the U.S. economy appears durable with steady growth and unemployment near a half-century low but faces risks from the broadening viral outbreak that began in China.

President Trump signed a so-called "phase one" trade deal with China on Wednesday, signaling a détente in a protracted trade war that resulted in hundreds of billions of dollars of tariffs being exchanged on exports between the world's two largest economies over the better part of two years.