deadline of u.s. has set up today -- today. vonnie: it does not have to be today. >> definitely didn't they have not -- definitely. they did not fill in the you guess of the mexican agreement. they have a 30 days after that to finalize negotiations before it goes to congress. vonnie: what about canada? the dairy portion, canada not happy with backing down on dairy if the u.s. backed down on panels. >> will either side compromise on the major things of importance. canada wants to keep the dispute panels for topping, chapter 19 in place, maybe change it a little bit because they feel it is a way to get a more fair resolution of disputes, rather than go to the u.s. courts or wait a long time for the wto to rule. u.s. would like to get rid of the canadian gary support system entirely. the canadians oppose that. it puts quotas on the amount of imported milk that can come in to keep prices stable. there are areas in which canada has compromised with the eu and countries in the tpp. there is somewhat of a room there. the foreign ministry yesterday briefed provincial government ministers and t

europe. stories.today's top trump's longtime lawyer admits to violating campaign finance laws. u.s. futures initially took a dip but they have recaps some of their losses. trade talks, trump ruffled feathers in beijing ahead of negotiations in washington. meanwhile, a report o of a massive breakthrough. discussions are said to be nonstop. the pound gains as both sides agreed to pick up the pace. ♪ anna: good morning, everybody. this is "bloomberg daybreak: ." ope it has just gone 6:00 here on wednesday morning. we have been digesting the. metaphor news, and the michael cohen news, coming at similar times. also beenacific has trying to bank some gains on the .4%.y session, up by asking questions about risk appetite in light of the fact that trumps long-term lawyer, please guilty to various federal charges. we saw a bit of a dip in risk appetite, dip in so-called riskier assets, a slip also in the haven assets, and you can see that reflected in the bloomberg u.s. dollar index. we saw a dip in the dollar this.e of amount of reducing of demand for risk assets, and a mild move into so

about two hours. andrew: good morning and thank you for joining us for today's event on the u.s. arms transfer policy. we are excited to have the ambassador with us to give us remarks on that at a stellar panel after that. i will begin as we always do with our obligatory security announcement because we have thought about what to do in case of an emergency. we want to let you know we have plans and if something were to happen, i will be your security guide and let you know where to go, either out the way you came in or in the back, depending on what kind of emergency might arise. what we do not expect that today. i also want to thank sponsors who make these events possible, including general member support, which has a big role to do with today's event, and our sponsor who helped us make it possible to do today's event. i want to thank our friends at the state department very much for supporting us. and being able to talk about this topic. i think it is timely. obviously change is afoot. you are seeing dramatic growth in the level of the dollar value in the u.s. arms exports, and also

discussion on how u.s. negotiations with north korea are affecting u.s. relations with japan. scholars to questions from the audience. [indistinct] >> good morning. i am the senior research fellow for the heritage foundation. i have been here for about 10 years. , the cia.t i just flew in from beijing last night which was very hot and humid. this is quite a nice change. i'm hopefully not going to get jet lag while i'm appear on the dais. in beijing, we got quite an earful with an american delegation. we heard a lot about the trade reconnaissance by fire, skirmish, whatever we want to call it your that was a big topic of conversation, as it has been in washington. this was the main focus of our group discussion. int reflects what we have washington. these topics have really crowded out most other asia and issues from focus in washington. today is talko do about japan and the u.s.-japan relationship and alliance, which i think, unfortunately, has been overshadowed by the hot issues. we all times neglect our friends, neglect our allies, and neglect the importance of long-term st

is "bloomberg real yield." coming up, u.s. strength in the face of fragility elsewhere. can america keep decoupling? wrapping up a messy week for emerging markets gripped by bearish sentiments. and looking ahead to chair jay powell's speech in jackson hole, wyoming. we begin with the u.s. decoupling from the rest of the world. >> the u.s. is enjoying exceptionally strong growth. >> it's part of the divergence, one of the themes for markets in the global economy. >> the u.s. is delivering twice the earnings growth of the rest of the world. >> for now, but the delinkage is entrenched. >> if companies keep delivering, it is hard to make the argument against equity. >> the u.s. is continuing to break out in fundamental and technical basis. >> these companies are executing, and if the prices were going up for no other reason than the story sounds sexy, that would be a different matter. >> when you look at the u.s. economy and what the trump administration has done in terms of providing fiscal stimulus, it is going to continue. >> the u.s. has a policy led growth spirit, whereas the rest

world. asks resumed in washington the u.s. pressures canada foreign minister to strike a deal by friday. no clear signs of progress, u.k. and the eu are said to be dropping the october deadline for a brexit deal. global stocks are mixed overworked amazon and the nasdaq hit record highs, how long will this rally run? , 90 minutes into the trading day in the u.s.. abigail doolittle has the latest. >> bulls in charge, the rally that started with jay powell's statements and jackson hole. the nasdaq leading the way, technology up .7% with s&p 500 and the nasdaq putting in a set of all-time highs. the rally continues. four up days in a row. days in ap for seven row. 11 sectors trading higher. investors moving away from defensive sectors and moving towards technology. consumer discretionary helped out by amazon and the big call at morgan stanley with amazon consumer discretionary stocks. tech winners, what is helping the s&p 500, hewlett-packard enterprise up 4.3% after they beat third-quarter estimates and raised their adjusted view, higher than what the street expected. an all-time hi

in albania aboard really any business with us for what works with the chinese weapons when the u.s. sanctions so they repackaged the ammo to hide its origin. in twenty eleven after new york times expose a different oh you went to jail but whose got away with house arrest. so you guys didn't really have a background in that you were just two young guys in their twenty's why did you get contracts to supply arms and you mean why did they give us the contracts. well they gave us the contracts probably because we were very very competitive we were what they called the best value to the government. who says the wood oaks movie failed to tell the whole story he insists the pentagon knew all along that he and his partner was supplying centron chinese ammunition. his claim supported by documents that surfaced in court. they kept on taking deliveries i think like three deliveries a week of four aircraft loads of ammunition for like four or five months after they found out it was chinese. the crew says the pentagon was happy with the arrangements until the media got hold of the story how impo

biased. now it's up to canada as the u.s. and mexico agree to revised trade arrangements the other partner in the trade pact formerly known as nafta remains tight lipped about whether it will now. also coming up plastic bags a terrible for the environment and now kenya has taken the world's toughest stance against them but up to four years prison time for using one. this is your business update on how to have free glad you could join me the u.s. says is still hopes to find common ground on trade with canada after reaching an initial agreement with mexico on to a new look now after the u.s. president is pressing canada to accept new terms for the way car imports attacks if not the president says he'd happily leave also out but that comes at a cost mutual trade between the three nations totals more than a trillion dollars annually canadian prime minister justin trudeau said he would only sign a revamped north american free trade agreement that is good for his country. he pledged to defend canada's dairy farmers and said progress had been made on terms for the automotive sector his ne

ahead with the restoration of u.s. economic sanctions on iran -- what it could mean for global more -- global oil markets. china says it is prepared for an extended battle over trade. tariffs are working big time. the u.s.inutes into trading session, abigail doolittle is here. it is a mixed monday. abigail: you are right. not a lot happening on this son there -- on this monday. the dow trading down slightly. the s&p 500 and the nasdaq has been trading lower moments ago. interesting to see not a lot of conviction on this monday after three major averages finished higher last week. pepsico, let's take a look at a three day chart. especially today over the last three days, pepsico is the best three days of the year, and covington -- is coming as the ceo is stepping down after 12 years. last year, 60 $3 billion, more than that in revenue. overall, a bullish move for pepsico. kraft at other movers, heinz and campbell soup, last week, it had been up in a big way on rumors and speculation there could he a deal with campbell soup's giving some back. campbell soup's about flat. , on thehe bi

"bloomberg: daybreak europe." announcesident trump a new agreement with mexico. trump hopes for a u.s.-china trade deal. several of china's biggest banks reported second-quarter earnings today. and a japanese automaker is investing half $1 billion in uber. shares gain as much as 2%. ♪ anna: good morning. 6:00 here in london. 9:00 in the morning in dubai. this is a picture on the asia equity sector. getting a little bit excited about trade. talkednt trump can bilaterally about trade. -- talk bilaterally about trade. there is the potential for a breakthrough on nafta. deal does the u.s.-mexico leave canada and china, and other trade deals? trump is weighing in on expectations. let's have a quick look at some of the currencies. the canadian dollar is fairly in limbo. the foreign minister of canada is on her way to washington, talking about a modernize nafta. -- modernized nafta. we have the mexican peso as well. it is retreating this morning after initially rallying on this u.s.-mexico deal. here?does this had from -- head from here? manus: the mexican peso rallied 4.4% this year. one thing i

surrounding city and to the states within the u.s. but it's also a threat to the women and children that are kept there i've spoken to some people that have been in compounds much like this one where this young boy was found it's a very big issue that the u.s. hasn't looked more into this and that the u.s. has known about these kinds of compounds throughout many states for a long time so we really do need to make sure that our law enforcement our f.b.i. or department of justice knows how to combat that and isn't just blinded by the fact that we don't want to look at religion or offend anybody because those very people that we're trying to not offend are having their own women and children either killed or treated very horribly the difference raised a savior point would this case of attracted such media attention those involved in what christians we don't know whatever the answer in this case all five have been granted bail by a judge not to be dangerous enough for custody. later of germany's left party is launching a new political movement called stand up one of the new groups self-procl

into the red and white stripes of the u.s. flag today president trump was starting to create a russian flag now that's what i call the freud and sleep from color to blue stripes on his u.s. flag we all know we don't have random white stripes but russia flag has red white blue stripes from subconscious trying to communicate we should listen. now to. go a. un investigators say top military officials in milan ma should be prosecuted to the genocide and crimes against humanity directed towards muslims that are a minority group in the southeast asian country who are not speed to citizens. the patterns of gross human rights violations and serious violations of international humanitarian law that is found amount to the greatest crimes under international law that's we found it would rape gang rape sexual slavery forced nudity and relation military forces in the predominantly buddhist country launched a violent crackdown on revenge of muslims a year ago in response to rebel attacks on police posts the action forces more than seven hundred thousand people to flee the country the un considers it

u.s. with that, wages are not going up. there may be something slightly different this time around. jonathan: we have to plug all of this into the treasury market. does this change anything for the team at hsbc? mary: not so far. in terms of credit and high-yield, when i came on last time, we talked about how well u.s. high-yield have held up. we haven't been changing too much of what we have been doing. if anything, maybe a little bit on the emerging markets side, but for the u.s., not seeing too much to move us. jonathan: just as it relates to trade, bryce, once again we have a week dominating the news flow. it is the trade story. i have asked several investors on the buy side, will it really change anything they have done this year in terms of allocating base capital in terms of how the story has evolved? have you? bryce: i think the trade story is the gift that keeps on giving. every time there is rhetoric out there and bonds falter, corporate bonds falter, you can take advantage of that. it seems like the bark is worse than the bite. when you actually find details, it is not a

. the u.s. dollar is strengthening against the other currencies. joe: it is. important to note -- it is not massive. less than 1%. throughout this week as various things have gone -- we have to mexico announcement, there have been modest moves. we will see what happens. according to "the wall street journal," no deal at this point, but whether that means there cannot be any deal ever were a modified trading relationship, at this point we don't see panic or anything like that. just a modest decline. you see the dollar rallying against the peso. he doesn't even get us back to where we were around noon today on the peso. context on the size of these moves. throughout the day there is been perhaps some of baking in that we might not see a deal. theartificial nature of deadline -- the delos to get approved by congress. they can still go to congress with some sort of announcement. it is not like the good old days where they needed to raise the debt ceiling before monday. caroline: canadian officials are set to be returning tonight. let's bring in michael mckee, our man on the ground who kn

controls. having a cratering effect. there is some hope. the u.s. national security about john bolton met the latest turmoil. the ran is now as its weak nest two years. theage teen possessos is at its weakest ever and the ruble down to a two-year low. in u.s. markets, more red on the board. the s&p 500 down by about .4%. this, though, having to do with stronger dollar and energy. stronger dollar means it gets more expensive for commodities pretty much everywhere you look. >> you see that in gold as well. really getting hit from all fronts. not behaving very much like a safe haven these days. look at the chart in asia. we're looking pretty mixed as we continue to assess how big the fallout is likely to be from turkey. a little bit of a bright spot there, if you want to talk it a, that about .1% higher. nz saying it's going to end out the year at 82 u.s. cents. and external conditions don't look like they'll improve. sydney futures, the aussie dollar at 72, 73. a flurry of chinese data coming out, which will be the key calendar event for asia. looking at china, and what's going on in tu

. u.s. stocks rise, the dollar weakens and treasury yields fell after the latest report. we will get insight on u.s. trade tensions with china and what it means to the global economy with mnuchin saying -- in a keyonds slumped meeting between the populist leaders and the finance minister about two get underway. -- in to get underway. we are up. it is a sea of green to end the week, but that is not the end of the week. we see risk appetite in the market, financials up, utilities up. tech also up .5%. telecom, gathering steam, tiny bit of red in biotech. it is risk buying, and it was about earnings again. let's look at our movers we saw. i want to keep an eye on rdf because finally we get the announcement a dividend is coming, interim dividend of .2% per share. up we go, even though we saw operating profit slump half percent this year last time. we are seeing talks about dividends returning in 2019 in terms of special dividends. we see the rdf back on track. heineken is up. this is adhering to the beer company is buying into china. in one particular company, china resources beer holdin

hours the first wave of u.s. sanctions on iran will come into force it's now ninety days since president donald trump formally withdrew the u.s. from the iran nuclear deal which was agreed with will powers back in twenty fifteen iran's president is accused washington and waging psychological warfare well the sanctions on life is to weaken iran's currency which has been in freefall since trump's decision and also a block iran from getting access to american dollars the u.s. will stop imports from iran including food cars and carpets and the sanctions will also limit iran's ability to buy rumor tearooms like steel and coal as well as precious metals and then at the start of november more sanctions will kick in and they'll include measures specifically targeting the oil sector and foreign banks the do business with iran can really help get reports from washington. the united states says iran is a threat and it wants to punish the country's government by isolating it from the global financial system starting tuesday u.s. sanctions will be reimposed to target a raid. of sectors bloc

just needs to get canada and the u.s. congress on board. plus, the new controversy for the catholicrahurch. popeis will not respond to claims that he ignored abuse allegations. our viewers on public television in america and around the globe. tribut are still pouring in from around the world to john mccain. the u.s. senator lost his fight with brain cancer on sy, andever since, his legacy service has been remembered and celebrated. but there has also been contt versy. presidump refused to comment on senator mccain's legacy until late today. nick bryant reports. nick:ashington without john mccain is a lesser place. he h wasan landmark, an american hero who is broken body personify the land of the brave. flags at the u.s. capitol in hono at half-mast of his service and sacrifice. but at the white house there w no such active ongoing remembrance earlier on today. in a tweet over the weekend, donald trump pages deepest sympathies and respect to the mccain family, but had no kind words for the man himself. >> do you have any thoughts at all of our john mccain? nick: the presiden

." the u.s. and china countdown to tit-for-tat tariffs. we will see billions of dollars of goods on both sides. washington is warned against further escalation. ramy: i am ramy inocencio in new york, it is just past 7:00 p.m. on sunday. markets set forth a mixed and muted start. traders looking ahead to the meeting at jackson hole. elon musk says this is the way im and rejects calls for him to change and the way his company operates. ♪ ramy: good morning, happy monday. looking ahead to this week, the biggest events is what will be happening with the trade tensions and negotiations happening between the u.s. and china, we have low-level ministers from both sides, as well. they are potentially paving the possibly inmmit november. yvonne: everyone expecting that maybe not so much a breakthrough, if we can get some illumination of further tariffs. the u.s. has threatened more for later in the year. we mentioned also jackson hole, the central bankers meeting on the break. it will be interesting to see jay powell, his speech, and how he will deal with the e.m. of volatility spikes we have se

trump announces a trade deal between the u.s. and mexico but will it replace nafta and will candidate be left out in the cold we'll get the latest from wall street's also coming up next a makes millions from the water at pumps and then bottles from wells in north eastern france that the source is running dry for the residents of detail so whose daughter is it. base is your business update i'm helen humphrey in berlin glad you could join me the trumpet administration and mexico have reached a preliminary deal to replace the north american free trade agreement that's according to the u.s. president now donald trump has been a harsh critic of nafta calling it a job killer saying it encourages u.s. companies to move production south of the border to exploit low wages when it comes to the new deal trump says it will help manufacturers and farmers on both sides of the border. donald trump welcome to overhaul the twenty four year trade pact as he suggested a new name for it if canada is not included in this thing. he says to do they used to call it a nap they were going to call it

this is the line from berlin just hours before the u.s. really imposes sanctions on iran tehran is watching u.s. president trump for waging war on the minds of a rainy appearing on state television iranian president rouhani accuses the u.s. of wanting psychological warfare on his country's president trying to order to reinstate saying since follows the withdrawal of the us from the iran nuclear deal three months ago also coming up authorities in indonesia are stretched to the limit as they work to rescue locals and evacuating thousands of tourists stranded after sunday's earthquake the death toll stands at ninety eight but is expected to rock plus a ball of fire on the an italian highway a tanker truck explodes ripping a hole right through an eight lane overpass at least two people died dozens were injured. it's good to have you with us iran's president hassan rouhani has lashed out at renewed that u.s. sanctions set to take effect just hours from now accusing washington of launching psychological warfare speaking in an interview on state television rouhani also slammed the u.s. pr

you for joining us for today's event on the u.s. arms transfer policy. we are very excited to have investor with us to give us remarks on that in a really stellar panel after that. i will begin as we always do with our security announcement because we have thought through what to do in the case of emergency and want to let you know that we have plans and if something were to happen, i will be your security guide and let you know where to go, either of the way you came in or out the back, depending on what kind of emergency might arise. we don't expect that today. i also want to thank the sponsors who make these events at csi as possible including our general member support which has a big role to do with today's event and also a sponsor of lockheed martin who helped us make it possible to do today's event. i want to thank our friends at the state department very much for supporting us and being able to talk about this topic. i think it's very timely, honestly changes afoot in the world of u.s. arms transfers. you are seeing dramatic growth in the level of the dollar value of u.s. a

collapse. bhp billiton warns on costs. the u.s. will not win a trade war, warns the ceo. >> the concern we have looking forward is that if protectionism does take hold, it will have a dampening effect on the global economy. matt: of course chinese stocks rally hard. we do not see green arrows when you look at european futures. little change in dax futures and cap futures. the big moves down his ftse futures. that could be due to the strength in the pound against the dollar this morning. you're going to see strength and a lot of currencies against the greenback as it pulls back. guy: that is the big story of the morning. the australian market being affected by bhp billiton overnight. we're going to hear more about that in just a moment. the chinese markets rallying parted to the close. price action positive. it was a solid day yesterday in europe. interesting lines in the sand for the swiss franc. it is up by 0.4% overnight against the u.s. dollar. the euro now trading with a 1.15 handle. the british pound is cashing a bit right now. keep an eye on btp's this morning. you are seeing a st

works for more than one third of company owned restaurants in the u.s. mcdonald's reported a net income of one point five billion or a dollar ninety a share despite the charges for restructuring the company profits were up from one point four billion or dollars seventy a share from a year earlier for the company's second quarter sales were up globally by four percent domestically sales were up two point six percent mail delivery also field sales but it wasn't quite enough to meet analyst expectation of three percent growth for stores open one year or longer a new brand of beef was introduced on the menu and labor costs also increased during the second quarter some point to competition in the breakfast department which accounts for twenty five percent of their sales new promotional deals are said to be in the works a massive cycle spore outbreak is causing mcdonald's to find a new cell a supplier for three thousand of its impacted restaurants according to food a dragon ministration to. hundred eighty six people in fifteen different states became ill after eating mcdonald's salad e

war if proposed u.s. sanctions target banks or currency access. >>> and nova sooe novozymes trae bottom of the stoxx 600. the ceo said the forces at play are not what he expected >> we had a satisfactory first quarter. the mix of factors pulling on our business are slightly different than what is expected. we have weakness in household care, but the balance of that is we reiterate our guidance. >>> the oil market cooled down recently with a slowdown in the second quarter i'm happy to say we're joined by neil atkinson from the iea i have to ask you this, there seems to be a major push and pull factor when it comes to geopolitics. you have new sanctions against iran looking to take effect, either have already done or about to in november what's that going to do to the oil price do you think >> at the moment things are cooling down a bit because certainly in the short-term there are no serious issues about supply we've seen oil production in saudi arabia increase, in russia increase, and libyan production has resumed after its intersup shu interruption on the other side of the balan

with a top headlines. since withdrawing from the nuclear deal in may, the u.s. has been turning up rhetorical heat on the government of iran. monday, he raised the economic pressure, a notch. iranstored sanctions on midnight tonight, reaffirms the u.s.'s plans to impose tougher inalties on oil imports november carried the move has drawn fresh condemnation from european allies who are standing by the 2015 nuclear deal that the president withdrew from in may. >> what are in these sanctions? impacting u.s. dollar purchases aluminum and industrial software, as well as potentially impacting the automotive sector and iranian debt purchases. the second round of additional sanctions are set to begin in mid-november. we have seen the rialto -- the real hit by these sanctions significantly. there have been waivers for some countries that would impact the energy sector. in an address, president rouhani said iran is open to talks with the u.s. if they are sincere, but insisted such dialogue would be pointless while the nation is being hit with sanctions. negotiations and sanctions at the same

words from the u.s. ambassador we are now all armed with the devastating i witness accounts of the rohingya which lead us to the following conclusions children they bees women and men suffered unspeakable crimes the attacks were planned premeditated and coordinated the perpetrator was the burmans military and security forces the whole world is watching what we will do next and if we will as the one point of agreement that the security council must act in a united manner part of the issue the problem of china it is perceived as being against immediate action based on the un report earlier the chinese foreign ministry issued a statement saying that myanmar does not cope well with pressure. colombia and peru have agreed to sort of a joint database of venezuelan migrants the united front was made after a two day meeting both countries are struggling to manage the rapidly growing number of venezuelans crossing their borders the migrants are fleeing a deepening political and economic crisis at home according to the u.n. more than two million have fled venezuela since twenty fourteen i wa

korea warns denuclearization talks cannot move forward at this time. >>> u.s. announces a new trade deal with mexico. is it a redo or just a rebranded nafta? >>> and louis c.k. back on stage for the first time after admitting to years of sexual misconduct. more on that in a moment. welcome to "early start." i'm dave briggs. >> i'm laura jarrett. it is tuesday, august 28th. 4:00 a.m. in the east. it took two days and mounting pressure from all sides, but president trump has finally offered praise to senator john mccain. first, despite our differences on policy and politics, i respect senator john mccain's service to our country. the president later echoed the sentiment at the white house event. it is a move run leading veterans group symbolic, but important. >> a source familiar with the talk says the president was pushed by internal staff to deliver a more robust statement on john mccain. the president refused early requests from vice president pence to do so. >> according to "the wall street journal" the white house prodded the president for two days to release a statement. we get

supposed to be binding but the u.s. doesn't have to abide by it and so sanctions can carry on anyway a friendship treaty from one nine hundred fifty five quite a different time lawrence lee thank you very much live at the hague still ahead on al-jazeera curfews in person parts of the hall as anger over a police investigation brings mass protests and a heated political time in france as the environment minister quit saying his government is failing to do. hello the vigorous thunderstorms that we've seen recently in greece and floating around turkey satellite picture reveals them are about to become rather less decreases all the energy is transferred to the other side of the mediterranean over spain tickly western front to the area of low pressure is associated with increasingly warm air and the whole lot is pushing up some big thunderstorms the west in france and i think further north with the heat now the moment you see that's the dome of warmth and in the middle of europe what i suppose germany poland is deep down to twenty or below that scandinavia too with the water either side of t

newshour tonight: defense secretary james mattis argues u.s. efforts to curb civilian casualties in yemen are paying off.re we down the trump administration's military strategy. then, the kavanaugh record. mi continue our look at where the supreme court e stands on key issues.t, toniresidential powers. and, the push for a four-day school week, and whether theld change wake a difference in student performance. >> what are the positives of going to a four-day school week? what are the negatives? i want every single opportunity for my cldren and other children to have to learn. >> woodruff: all thaand more, on tonight's pbs newshour. >> major funding for the pbs newshour has been provided by: >> kevin. >> kevin >> kevin? >> advice for life. life well-planned. learn more at raymondjames.com. >> babbel. a language pgram that teaches real-life conversations in a new language, like spanish, french, german, italian, and more. babbel's ten to 15 minute lessons are available as an app, or online. more information on babbel.com. >> consumer cellular. >> and with the ongoing support of these in

annual trek across the u.s. midwest scouting corn and soybean pods, looking at the condition of the crop. has gold lost its luster? we dig through gold's yearly decline with bill ryan. he is the founder and ceo of granite shares. ♪ julie: i am julie hyman in for alix steel. welcome in to "commodities edge." 30 minutes focused on the companies, the physical aspects, and the trading behind the hottest commodities with the biggest voices in the business. joining me is javier, who is bloomberg's chief energy correspondent in london. today the spotlight is on aramco. saudi arabia is delaying plans to take its state-owned oil giant public. now perhaps not to be at all, or at the very least, delayed. ashley, let's start with you. what do you think is behind this delay, and are there implications for saudi arabian production at all as a result of this? ashley: this delay is not unexpected. i think even when they announced it two years ago, people were skeptical that saudi arabia would be willing to give up the confidentiality they have always valued in favor of a short term cash infusion.

new u.s. tariffs on sixteen billion dollars worth of chinese products they come into effect in beijing responds in kind is there a way out of the race also coming up. caution about one of the biggest company listings in history the saudis insist around close i.p.o. will not speak. to how a dressmaker from broadway is helping to transform the lives of migrants in italy by turning them into tailless. this is your business update i'm having a home for in berlin thanks for joining me the u.s. is a twenty five percent tariff on sixteen billion dollars worth of imports from china this is a second round of tariffs in response to what the trumpet administration calls beijing's on fair trade practices well china reacted swiftly with its own high tariffs on over three hundred american products as the trade vicious circle continues its dangerous downward spiral. new negotiations couldn't prevent the latest turn of the screw so far the u.s. and china have each imposed import duties on goods worth around fifty billion u.s. dollars now american companies in china are getting an easy all to m

infrastructure from chinese takeover. and a big boost for u.s. europe's imports skyrocket as china looks elsewhere. base is your business update on how an arm free glad you could join me the u.s. federal reserve has left its key lending rate on hold for now after its regular policy meeting the fed was upbeat about the economy citing strong consumer spending and business investment a strong jobs market and inflation near its two percent target that probably puts the fed on course for a september rate hike after its next meeting fed chair jerome towels said at the start of the year that interest rates would continue to be raised in small moderate steps they now stand in a range of one point seven five to two percent off for a small hike in june u.s. president donald trump has room to get further hikes fearing it could slow down economic growth. and earlier i spoke to a wall street correspondent so fisherman skin asks her if she had any sense that the fed is taking trump's concerns on board. i wouldn't say so first of all has an out monetary policy and anything concerning the fact tha

canada is set to return to the bargaining table on tuesday after the u.s. and mexico they could trade deal also iran goes to the international court of justice seeking relief from u.s. sanctions. earlier it's one of europe's biggest street parties we'll take you to london's notting hill carnival. welcome to the program united nations investigators say mabel's top military general should be investigated and prosecuted for genocide the recommendation is included in a fact finding mission report it concludes at least ten thousand people were killed after the military launched a crackdown on ring of muslims in august last year hundreds of thousands fled across the border into neighboring bangladesh from. june reports. the un says military commanders in me and more should be prosecuted for genocide against the real hinge or following their recent fact finding mission on me and more three investigators presented their report in geneva on monday. included among the findings that me and mars armed forces also known as the top my down took actions that in the words of the un investigator

rejected the president's blaming of u.s. sanctions for the struggling economy has on rouhani was summoned to parliament for the first time to explain why prices and unemployment are rising while the value of the iranian currency is falling you're up to date with headlines on al-jazeera coming up next here it's inside story do stay with us. well why it is the rift between europe and the united states the french president says the white house is undermining transatlantic relations and europe may have to defend itself can europe live without the us this is the inside story. i don't welcome to the program it is a product with friends like donald trump who needs enemies that was the reaction from european council chief donald tusk when the us president with a juror from the iran nuclear deal and reimposed sanctions well you leaders want to save the nuclear deal and a multi billion dollar business contracts but european companies to u.s. demands by pulling out of iran including british airways and air france which aground and flights to that's despite a revised e.u. legislation called blocking

host of factors suggesting slightly tighter supply, whether it is u.s. sanctions on iran that are pending. all of that adding up to a fairly positive week for the oil price. we are putting in the australian dollar of ours because based on our headlines, we have been vertical shift within the liberal party in australia. the continuity candidate beating off the right-wing challenge. by .5llar bounces up percent or so. it was up by .6% earlier and down by 1.4% in yesterday's session. we are ready for jackson hole. nejra: we are already waiting for that speech from jerome powell. with that in mind, i wanted to show the curve, dead simple. we continue to the relentless flattening. 20 basis points, hitting that for the first time since 2007. those. it in fresh cycle i wanted to bring it up because we have the fed minutes. aboutfficials concerned your curve flattening, some not so much. we had a blog post from ref i a bostick, who is an fomc voter this year. he talks about the fact that he is not too concerned about the yield curve. he noted his important to the extent that you get rate

u.s. announces a plan to deal with iran after withdrawing from the twenty fifteen nuclear deal. it's really turns its attention to fears over its aging infrastructure following the genoa bridge collapse. concerns over the quality of air in indonesia's capital is a country prepares for the i think of the asian games. the funeral procession of former indian prime minister atal bihari of advise now on the way new delhi he'll be remembered measures for testing nuclear weapons in nine hundred ninety eight and intensifying the arms race with neighbor pakistan andrew thomas has mall. tens of thousands of indians have gathered along the route for the funeral procession will also among the official mourning those will be a small got a guy some from pakistan including it's not to the information minister but a stone's incoming prime minister a month on host issued a statement saying that a vacuum has been created in the what's. arena of the subcontinent i extend my sympathies to the people of india and this great now it was passed by of course who approved the testing of nuclear weapons in one

any proof presented public publicly at least of the russian attacks on u.s. democracy that we used to justify the new sanctions bill how does that work how is it being perceived by the warmongers the people who want sanctions that they're really in charge with our media and they have really basic control you know in the congress just out of the clear blue they have no evidence whatsoever of their charges that they have made and you know i look at the world like none of us are perfect all the countries have their shortcomings but i think the responsibility for sure common issues be their own country this idea of just blaming other countries and it's all somebody else's fault and what we have to do is put on sanctions and then when they retaliate we think oh the world's coming to an end they don't have a right to do that we have to punish them i mean it's a very very bad foreign policy. took over the streets of chicago this weekend with numerous bystanders caught up in the crossfire twelve people killed sixty six injured including several children police say gangsters in the city sim

the u.s. treasury hints at tougher measures for moscow's quote maligned activity. we can bring even more economic pain to bear and we will not hesitate to do so if its conduct does not demonstrably and significantly change. also this hour as the syrian army gears up to retake the militant held out enclave of it live western media outlets warn of a civilian massacre the same outlets though fail to mention the area is under the control of jihad this group's accused of more problems. the taliban rained down missiles on central kabul hitting the presidential palace during a live address by the afghan leader who on sunday has proposed a cease fire. this is our to international bring you in your live news update this hour with me jack and welcome to the program sanctions is definitely the buzzword in washington this tuesday with yet more calls to tighten restrictions against russia over a series of issues for which moscow is being blamed now our u.s. correspondents are cross the developments we have killed him up and in new york and samir khan in washington d.c. killed the british foreign

and around the globe. tributes are still pouring in from around the world to john mccain. the u.s. senator lost his fight with brain cancer on saturday, and ever since, his legacy and service has been remembered and celebrated. but ere has also been controversy. president trump refused to comment on senator mccain's legacyntil late today. ck bryant reports. nick: washington without john mccain is a lesser place. he was a human landmark, an ameran hero who is broken body personify the land of the brave. flags at the u.s. capitol remained at half-mast in honor of his servicebund sacrifice. at the white house there was no such active ongoing remembrance earlier on today. in a tweet over the weekend, pages deepest sympathies and respect to the mccain family, but had no kind words for the man himself. >> do you have any thoughts at all of our john mccain? nick: the presidential silence >> do you believe johmccain was a hero? nick: with the erican legion rongly urging the commander-in-chief to honor this war hero and former prisoner of war, there was a presidential change of you is not

outraged iranians are taking to the streets are rising food prices and appalling economy with new u.s. sanctions due to take effect this week the government is easing harsh currency roles though that also coming up in the face of venezuela's president says he has survived a drone attack in the capital and now the blame game the collapse but also spend as well as living in the u.s. or perhaps in colombia or behind the apparent assassination attempt to have the u.s. response and talk to a correspondent in caracas. the be. a my ass waiter thanks for joining us. iran's government has announced major steps to ease foreign exchange transactions and allow iranians to bring in currency and gold this is to combat the expected effect of new u.s. sanctions set to take effect this week the with increasingly restless population and the economy barely limping along it may be too little too late. it's the fourth time this year have taken to the street to protest they're angry about high prices and the government the accuser political leaders of leading the country into who and with mismanagement and

falling economy with new u.s. sanctions to take effect this week the government is using harsh currency rules also coming out only you know since venezuela's president says yes survived a drone attack in the capital down blame game nicolas maduro says venezuelans living in the u.s. perhaps colombia are behind the apparent assassination attempt to have the u.s. response and talk to a correspondent in caracas. i'm irish waiter thanks for joining us iran's government has announced major steps to ease foreign exchange transactions and allow iranians to bring in currency and gold this is to combat the expected the facts of new u.s. sanctions set to take effect this week but with an increasingly restless population and the economy barely limping along it may be too little too late. it's the fourth time this year i have taken to the street to protest they're angry about high prices and the government the accuser iran's political leaders of leading the country into brewing with mismanagement and corruption and now new u.s. sanctions promised to make things even tougher. relations between the u.

as core inflation in the u.s. quickens. we are about 30 minutes into the trading day in the u.s.. let's talk about what this means for u.s. markets. taylor riggs is here and it does looks like we are seeing that contagion. risk offe are having a feeling today and everything that we are seeing. there are concerns about turkey with the macro picture playing out here and one of the days where we are shrugging off the earnings season in the micro picture and releasing some contagion today. come into my terminal here at g tv and what this is meaning for the losses in the s&p 500 because we had five straight weeks of gains and the looks like all this news now is going to break that streak. we are on track with the losses wednesday, thursday, friday out passing the gains we saw monday and tuesday. on the individual sector level, we are seeing the chipmakers are heading a little bit lower as well. are concerns about tariffs with turkey as well as china. they confirmed their retaliatory tariffs that going to affect the end of august. in terms of a micro story, they were downgraded f