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Departing China. I'm Debra Valentine. Fox News. President Trump met with Chinese President Xi Jinping in Beijing this morning for a second round of talks before boarding Air Force One. Speaking alongside President Xi, President Trump announced the two countries agree on Iran.
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We did discuss Iran. We feel very similar in Iran. We want that to end. We don't want them to have a nuclear weapon. We want the straits open.
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President Trump also said President Xi promised China would not sell military equipment to Iran and that the US has made fantastic business deals with Beijing, including China ordering 200 Boeing jets. Congressman John James tells Fox News Live that this deal shows America is serious about international relationships, strengthening the US Economy.
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This is going to boost America's economy on top of the fact that President Trump is now allowing America to be taken more seriously. These are the fruits of peace through strength. The world, especially China, is taking America seriously, taking America at its word. That makes America, America more safe and that makes America's economy strong.
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Treasury Secretary Scott Bessant says China's also promised to influence Iran to reopen the Strait of Hormuz. A ship is seized by Iran in the Strait.
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The hijacked ship was last seen heading for Iranian waters. Iran's foreign minister claims the country still controls the Strait of Hormuz. Abbasaradi attended the BRICS economic summit in New Delhi. On the same day, an Indian flagged ship was attacked and sunk off the coast of Oman. India condemned the attack but did not assess which country was behind it. With the US Blockade of Iranian ports now more than a month old, Treasury Secretary Scott Bezin says Iran feels the effects on Kharg island, the export hub of 90% of its oil before the war.
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Fox's Lucas Tomlinson reporting from Dubai, the United Arab Emirates. America's listening to Fox News.
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Today is Federal Reserve Chairman Jerome Powell's last day as chair, but he's staying on the Board of governors for now, Fox's Jessica Rosenthal explains.
- [03:17]
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Despite pressure from President Trump to leave the chair position, Jay Powell stayed on until his second four year term ended. And that's today. He said late last month rather than leave entirely, he'd stay on the board of Governors because of the Trump administration's initial effort to investigate cost overruns of the Federal Reserve building renovations.
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My concern is really about the series of legal attacks on the Fed, which threaten our ability to conduct monetary policy without considering political factors.
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Powell made those remarks Even after the U.S. attorney's office in D.C. closed the criminal investigation and turned the case over to the Fed's Office of Inspector General. Jessica Rosenthal, Fox News.
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Powell began serving as Chair in 2018 and led the country's monetary policy through Covid, notably stating a belief at the time that inflation was transitory. The Supreme Court will allow an abortion pill to be available by mail nationwide while a lawsuit plays out.
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Two makers of mifepristone, Danko Laboratories and GenBioPro, argued a recent federal appeals court ruling caused chaos and confusion for patients and pharmacies. That ruling determined an in person visit to a doctor was necessary to receive the medication. The companies asked the Supreme Court to block the lower court's decision and allow patients to receive the pills by mail. The Thursday the high court granted the drugmaker's emergency requests while the legal challenge plays out. The original case challenging the use of the drug was brought by the state of Louisiana, which sued the Food and Drug Administration to challenge a regulation that allowed mifepristone to be prescribed through telehealth and dispensed by mail, arguing it violated the state's sovereignty. Kristen Goodwin, Fox News.
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The U.S. plans to indict former Cuban President Raul Castro, according to a Department of justice official who spoke on the condition of anonymity to Reuters. I'm Deborah Valentine.
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