Arrest in College Student's Murder; Trump Signs Off on China Deal.
ANNOUNCER: This is CNN breaking news.</s>GOLODRYGA: And we want to bring you some rather disturbing breaking news right now. CNN has just confirmed that an arrest has been made in the murder of a Barnard College student right here in New York City. The victim is 18- year-old freshman Tessa Majors. And CNN's Alexandra Field joins us now with the breaking details. What do we know?</s>ALEXANDRA FIELD, CNN CORRESPONDENT: Yes, a major break here that we're talking about this morning, Bianna, in the death of Tessa Majors. Police now saying -- well, a source telling CNN that police have arrested a 13-year-old male in connection with the death of Tessa Majors. They say they found him in a lobby in the -- in a building within the neighborhood that they had been looking in not far from where Tessa Majors was killed. He apparently seemed to fit the description of what they were looking for based on what he was wearing. Apparently he was found with a knife on his person. This source is saying that he admitted to the attempted robbery and to the stabbing and also alluded to two other suspects. No update at this moment on the -- the search for those suspects or the connection of those possible suspects with this case. But, certainly, this is a major break for police who have stepped up patrols near Morningside Park after the horrific killing of Tessa Majors that has led to such an outpouring of grief and shock for the Barnard College community and really for the New York City community at large, Bianna.</s>GOLODRYGA: We know her father has been speaking out on this as well. But you just can't get over the shock when you hear that a 13-year-old suspect is now in custody. And, obviously, the key was finding this murder suspect. But to find a 13-year-old is just stunning.</s>BERMAN: Alexandra, the knife. Have they done any tests on the knife yet? Is there any confirmation that that knife was used in the attack?</s>FIELD: No, not at this point. We'll certainly be waiting for that forensic evidence to be coming in. And there's going to be a lot of police questioning that happens from this point forward. Certainly, though, the fact that this young man appeared to match the description, that his clothing was indicative of the description that police were looking for, that's something. The fact that he was found with a knife on him, of course, critical to police. And this apparent confession that was made.</s>BERMAN: Right.</s>FIELD: We're going to have to hear a lot more about that. But at this point, this source saying that he did, in fact, admit to the stabbing and to the robbery attempt. This is going to open up a lot of questions for police. But an important, important development. We will have to wait for the forensics on this.</s>BERMAN: All right, please keep us posted as to all these developments.</s>GOLODRYGA: Thank you.</s>BERMAN: Alexandra Field, thanks very much. All right, shifting gears here. President Trump has signed off on an initial trade agreement with China. The deal would delay new tariffs, it cuts some existing tariffs in exchange for a Chinese promise to buy American goods. Joining us now, Rana Foroohar, CNN global economic analyst and global business columnist and associate editor of "The Financial Times," and Catherine Rampell, "Washington Post" opinion columnist and CNN political commentator. Let me just stipulate that until it is actually announced out loud, it's not real yet.</s>GOLODRYGA: We've been here before, right?</s>BERMAN: It's not done until it's done. If it is done the way that we're told it is, the first phase agreement, cutting something tariffs, not imposing others in exchange for some purposes of farm goods and some other vague promises, how much of a deal is this really?</s>CATHERINE RAMPELL, CNN POLITICAL COMMENTATOR: It's not really much of a deal at all. Basically what this amounts to is, we have taxed ourselves tens of billions of dollars so that we could get to basically where we were before we taxed ourselves tens of billions of dollars. Look, there are some major structural issues that we do want China to reform on. We want China to become a more market-based economy. We want it to have more IP protections. We want it to have fewer subsidies for its state-owned businesses, et cetera. But those are pretty difficult intractable problems and none of what we know so far about what this deal would do addresses any of them.</s>GOLODRYGA: Which is, Rana, why maybe the market, it's like they have Groundhogs Day, that they -- they've been here before and yet they like this news, right?</s>RANA FOROOHAR, CNN GLOBAL ECONOMIC ANALYST: Yes.</s>GOLODRYGA: They jumped when this deal or potential deal was announced. Others, however, including those in the president's own party, seem to be a little reluctant.</s>FOROOHAR: Yes.</s>GOLODRYGA: And they're skeptical.</s>FOROOHAR: Yes.</s>GOLODRYGA: And I want to read you a tweet that Marco Rubio tweeted. And he said, White House should consider the risk that a near-term deal with China would give away the tariff leverage needed for a broader agreement on the issues that matter the most, such as subsidies, domestic firms, forced tech transfers and blocking U.S. firms access to key sectors. A lot of the issues that Catherine just touched upon.</s>FOROOHAR: A hundred percent. And the fact that Rubio is saying that actually reflects something important, which is that there's a consensus building actually on both the right and the left. He's not so different from Elizabeth Warren in terms of what he would say about China. I mean there is a feeling -- and China's been telling us for years they want to be independent of U.S. technology. They want to have their own ecosystem. Frankly, I've been going there for 20 years. I can't believe that we haven't worried about this more until this point. I think U.S. multinationals and the administration for many years, not just the Trump administration but those before, have been, you know, playing it quarter by quarter with China and saying, let's just try and grow a little more before the spigots are turned off, before we get to this point that we all knew we were coming to where there are -- there are going to be splinterings, I think, between those two economic ecosystems, the U.S. and China.</s>BERMAN: In addition to the promise of the $50 billion of agricultural purposes, apparently there are some vague promises about protections for intellectual property, also for allowing U.S. financial firms in there, also perhaps for transparency on currency. Why aren't you excited about these promises?</s>RAMPELL: I think we have to actually see what's in the deal, which, as we have discussed, does not yet exist or at least has not -- has not been formally announced. We haven't seen whatever the language is. Maybe I'll be pleasantly surprised and there will be some enforceable provisions, but based on what we have seen so far and how desperate this administration seems to be to boost markets because there has been lingering uncertainty, I am skeptical that really they have gotten very much in the way of concessions here. Particularly since, a, this is phase one, right? There's going to be supposedly a phase two in which the more difficult stuff will be negotiated. And, b, China doesn't really have much of an incentive at this point to make major concessions because, look, Trump has not been known to keep his word on other trade deals. He may be out of office in less than -- or maybe elected -- voted out of office in less than a year, so why would they make those very difficult concessions at this point.</s>FOROOHAR: And they're being very clear. I mean the Chinese actually don't play these sorts of, you know, Twitter games. They've been very clear. They want to have all U.S. software out of government offices by 2022. They want to be completely independent of western technology by 2025. They've been perfectly clear about their intentions. It's the U.S. that's kind of trying to play both sides of the field. What we need to be doing is figuring out how to really, you know, ring fence our own best technologies, innovate here and, you know, start to move ahead with our own ecosystem.</s>GOLODRYGA: And no doubt that this is having an impact on the Chinese economy and Xi Jinping is feeling this as well and pressure from his own constituents, but he doesn't have an election next year to worry about.</s>FOROOHAR: Right. That's right.</s>GOLODRYGA: And I'm wondering how this --</s>FOROOHAR: The benefits of autocracy.</s>GOLODRYGA: Exactly. And I'm wondering how this squares with the president's excitement yesterday versus what he said I believe just a few weeks ago that he may not make a deal. And it may be best to just do something after, in his words, he's re-elected.</s>FOROOHAR: Well, you never know what he's going to do. You know, there -- there's emotion in play with the president, particularly around China. I do think he's -- I mean I would hope for his own -- if I were him, I'd be careful leading up to 2020, to November 2020, about really rocking the boat. You know, the markets go up and down based on the latest good news about China or bad news about China. And that's all algorithmic trading, by the way. That has nothing to do with common sense. That software program is just reacting to good or bad news. But if you start to see markets really -- really getting what is true, which is that we are moving to two separate worlds.</s>GOLODRYGA: Yes.</s>FOROOHAR: The U.S. is going to have its own tech environment and the -- China is going to have its own economy and I think that those things are not going to reset back to the 1990s, then you could really see a correction, I think.</s>BERMAN: I've got to say, the side of the world that the U.S. is on just changed dramatically overnight because of a different country, the United Kingdom, which Boris Johnson overwhelmingly won election there, the conservative party going in, which means Brexit is now inevitable, I would think. I mean it's going to happen and soon. What's the impact on the world economy and the United States, Catherine?</s>RAMPELL: I think that is yet to be seen, in part because we don't -- we still don't know what the terms of the relationship between the U.K. and the EU will be. Yes, there will be a divorce. Boris Johnson made that clear. There will be a divorce between the U.K. and the EU, but the terms of that divorce, what trade looks like, what trade looks like between the U.K. and other countries now that it is no longer party to the trade -- or will be no longer party to the trade deals that the EU has negotiated, a lot of that still remains up in the air. And to what extent -- you know, Trump has said that there will be a very favorable deal with the U.K. Who knows what that means. But it looks like it's going to be at the very least very damaging for the U.K. economy. The collateral damage on the EU and elsewhere is yet to be measured.</s>GOLODRYGA: Boris Johnson's getting what he wanted.</s>BERMAN: Catherine Rampell, Rana Foroohar, great to have you here.</s>GOLODRYGA: Thank you.</s>BERMAN: Thanks very much.</s>FOROOHAR: Thanks.</s>BERMAN: A big morning. An historic morning ahead. We are minutes, maybe an hour or so, away from a vote in the House Judiciary Committee approving articles of impeachment. CNN will bring you the latest, next.