Where does the US-China trade war go from here?

Did the Philippine midterm election strengthen Duterte?

It certainly did. He won almost all the Senate seats that were up. He has the ability now to move ahead with constitutional reform. Something that has been challenging for him. Any economic and pro-investment pieces he wants to do, also aligning more with China because he wants more inbound investment. Even though it's not all that popular domestically. His drug war on the other hand is quite popular domestically. It's not internationally and certainly not with the drug lords.

How likely is a conflict in the Persian Gulf?

It's getting a little bit more likely. The Iranian economy is falling apart. The Americans are pressing and the Europeans can't help very much. And that means the Iranians are starting to pull themselves out of the nuclear deal something they really wanted to avoid doing. They were hoping they could last Trump out of one term administration. That means that the potential for an accident leading to escalation is growing still not likely but it's absolute something to worry about.

Where does the US-China trade war go from here?

Well it goes to Tokyo, where Trump and Xi Jinping are going to be meeting at the G20 summit. We've got to be worried about that, but I'm still kind of optimistic because the next round of tariffs, if they were to hit, are the ones that go directly on all the goods Americans buy - the iPhone for example - lots of things from China you see those prices go up. It's going to be much worse than what we've seen so far. I suspect that on balance it's close. It's not easy. It's publicly difficult. But I still think on balance we're going to end up with a deal between Xi Jinping and Donald Trump.

In 2012, the United States created the Deferred Action for Childhood Arrivals (DACA) program to protect these young people from being deported. Yet just five years later, the program was rescinded, putting close to 700,000 DACA recipients at risk of being banished from the only home they've ever known. More than five dozen of these DACA recipients at risk are Microsoft employees. These young people contribute to the company and serve its customers. They help create products, secure services, and manage finances. And like so many young people across our nation, they dream of making an honest living and a real difference in the communities in which they reside. Yet they now live in uncertainty.

Microsoft has told its Dreamers that it will stand up for them along with all the nation's DACA recipients. It will represent them in court and litigate on their behalf. That's why Microsoft joined Princeton University and Princeton student Maria De La Cruz Perales Sanchez to file one of the three cases challenging the DACA rescission that was heard on Nov. 12 by the United States Supreme Court.

Read more on Microsoft On The Issues.

What do people think is driving the stock market's recent record high gains?


Well, there's really no precise answer, but analysts point to several factors. So, number one is strong third quarter earnings. Companies have reported stronger than expected results so far this season. The second is the jobs market. You saw the October jobs numbers exceed economists' expectations. And the third is the Federal Reserve cutting interest rates three times this year. That lowers borrowing costs for consumers and businesses and encourages them to spend more.

More Show less

In the predawn hours of Tuesday morning, Israel launched a precision attack in the Gaza Strip, targeting and killing a Palestinian Islamic Jihad (PIJ) commander. In response, the terror group fired more than 220 rockets at southern Israel. Exchanges of fire have brought cities on both sides of the Gaza border to a standstill and at least 19 Palestinians are dead and dozens of Israelis wounded. With this latest escalation, Israel now faces national security crises on multiple fronts. Here's what's going on:

More Show less