tariffs and president trump signals that he's prepared to escalate. we will tell you about u.s. tech stocks taking a hit. plus, vmware has agreed to buy carbon black and pivotal in the largest ever deal. why those deals sent shares tumbling. and a new u.s. cyber agency says priority number one, countering threats from china. how it plans to keep the tech supply chain safe. first, ramping up the trade war. eared down onmp b china in a series of tweets, writing in part, the vast amounts of money made and stolen by china in the united states for decades will and must stop. our american companies are ordered to start looking for an alternative to china. for more i want to bring in sarah mcgregor, who has been following the back and forth. talk to us about this new round of tariffs, soybeans, cars, oil. who will be hit hardest if these go into effect, and how? >> the fact that china is retaliating -- when the trump administration announced these new tariffs, china said, we will respond. $75 billion worth of u.s. imports isn't a huge number, but politically sensitive products, things like

world. a trade war becomes a currency war. the u.s. and china take their dispute to another level. >> currency is seen as a weapon of last resort. >> what we have ia message from pboc is cool down, folks. >> the world central banks accelerate their race to the bottom on interest rates. >> central banks are willing to go and willing to go big. >> wall street banks expected trim bonus for traders. the u.k. stumbles towards braggs it, deal or no deal. rexit, deal or no deal. >> if there is going to be a deal it has to be the first couple of days parliament returns. haslinda: sorting through a barrage of earnings reports. >> left wants to see profitabilities. the law of large numbers is catching up. >> we call it the star wars stumble. haslinda: experts on how they are reading at jumble. >> china and the u.s. aligned economically. >> i do not think the fed's job is to make sure there's not a recession. haslinda: all straight ahead on bloomberg best. ♪ nejra: hello and welcome. this is bloomberg best the weekly review of the most important business, news and analysis from bloomberg a

entire new wing of the u.s. military called space force here is part of what trump had to say today the dangers to our country constantly evolve and so must we now those who wish to harm the united states to seek to challenge us and the ultimate high ground of space it's going to be a whole different ball game we're going to stay here on earth washington d.c. our bureau chief there alexander for numbs he's on the story for us tonight good evening to you alexander i mean this does does sound a little bit like star wars tell me what is the difference between space command and space force. well space force is the future at least according to a president trump he wants to create a totally new and potentially independent branch of the u.s. military military to oversee all military operation in space but to achieve this goal he needs congress he needs congregational approval congressional authority and congressional funding and that can take years and of course there are a lot of people critics questioning this adventure as they called it so therefore the trump administration has decided to m

your platform for reliable information. on global spillover from the u.s. china tariff dispute investor save better safe than sorry sticking to the golden bonds that central banks and down surprise break costs. by you don't have to take our word for it our financial correspondent takes the pulse of the markets with one of wall street's needing traders and financial advisers silver bear. little's director of floor trading alan valdes. and shipping sheep in the summer heat at top speed to meet demand for africa where prices are searching prior to the holiday . this is v.w. business i'm joined on in berlin welcome it may be called the u.s. china trade war but it could be the world economy loses out fears of a steadily dimming outlook as investors dumping stocks and running for safe haven. india the country where gold prices have soared to an old time high it was one of 3 countries to take markets by surprise on wednesday the indian central bank cut its benchmark rate by 35 basis points more than analysts expected. but india wasn't the only surprise for investors thailand central b

so. the. u.s. later donald trump cancels a state visit to denmark after calling remarks by its prime minister nastase she had rejected his offer to buy bring the cooling it. also made organization oxfam lashes out at g 7 countries ahead of their summit this weekend accusing them of driving global in the quality of their policies. rich increased over the last the last year and actually the wealth of richest billionaires was growing while the wealth for top of society had fallen. and the head of a major moscow regional correspondent takes to the skies with russia's elite aerobatics team and gets behind the problems. about your brother. but what. about. yeah. like good morning just gone 10 here in moscow he watching international now the u.s. president donald trump claims he can sort his state visit to denmark because the country's prime minister made some quite nasty remarks he had offered to buy greenland a danish dependent territory but that was quickly rejected. prime minister's statement that it was absurd that was that it was that absurd idea was that asked the daughter was

leaving the european union with or without a deal at the end of october. u.s. president donald trump has canceled a trip to poland as hurrican dorian approaches florida. residents are stocking up on sandbags food and fuel supplies the governor has declared a state of emergency the storm could hit florida late on saturday. ukraine's president volodymyr is a lenski has put together a new government the former t.v. comedian won the country's presidential runoff in april promising a fresh start for one of europe's poorest countries and other political newcomer lawyer or lexi concha rock becomes prime minister. brad pitt has electrified the venice film festival with a blast of star power. it took to the red carpet to launch his new film space epic at astra he plays an astronaut on a life saving mission costars ruth nega and liv tyler also turned out to promote the movie. economic growth in the united states is slowing further the commerce department revising its 2nd quarter figures downwards and investment is also lagging but u.s. and consumers are hanging in there also coming up by black

>>> the u.s. president amps up his trade war with china. live in beijing with reaction. >>> donald trump heads to france for the g7 summit. sources tell cnn he is not too keen on attending. >> this is not new rhetoric. we have a president, now, who speaks plainly. >>> remember when donald trump said he was the chosen one? voters talk about whether the president's behavior will affect their votes in the next election. live from the cnn center here in atlanta, great to have you with us. as we speak, the u.s. president is playing over the atlantic on his way to the g7 summit that gets under way in the coming hours. president trump is not a fan of the international forum. he considers it a waste of time. but he is going reluctantly. the trade dispute between washington and beijing rattled markets. he increased tariffs on imports after china imposed new imports on american goods. that sent wall street into a panic. the dow plunged and closed down 623. before leaving the white house, the president claimed he was cleaning up the mess left by previous administrations. >> china has been hur

, which begins in france this weekend. how big of a focus will iran be? guest: a big focus. the u.s.'s max pressure campaign, to get iran to set down for a bigger and better deal, has kept both sides of the atlantic divided. the u.s. with a more pressure driven policy, the europeans trying to keep the jcpoa deal, the 2015 deal. this has created tension, but there are other issues to this cost as well, energy and the environment. the all know this used to be the g8 summit, which had russia involved, and russia and iran and other rogue late -- states will likely be on for discussion. host: why is that these other countries would like to stick to this nuclear agreement made under the obama administration versus what the trump administration would like to do? why are they insisting that continue? guest: there are three key reasons. it would be a mistake to say just one. but the biggest one is commercial relations -- or trade, you could say. the european union has always had an interest in trading with iran, thinking that you could trade with iran and that would moderate their paper over time.

at what that could mean for the biggest u.s. base in germany. hello i'm terry martin good to have you with us there's widespread anger across the u.k. this morning after prime minister boris johnson surprise move to suspend parliament it will close for 5 weeks in september and october reopening a little more than 2 weeks before the u.k. is due to leave the european union johnson says he needs the time to pursue his domestic agenda but opponents say it's an undemocratic attempt to stifle debate and over a 1000000 people have already signed an online petition against it. it dropped like a bombshell in a letter to m.p.'s boris johnson explained that he wanted to suspend parliament until just 2 weeks before the u.k. is set to leave the e.u. that severely limits the time opponents need to stop a potential new deal brags that johnson denies it's a clever move to silence them there will be ample time on both sides of that crucial october the 17th summit ample time in parliament for m.p.'s to debate the e.u. debate breaks it and all the other issues. it's a mockery to the ears of the oppo

-span. also online at c-span.org. or you can listen live with the free c-span radio app. the u.s. house of representatives will gavilan shortly for what's expected to be a short pro forma session, starting at 12:30. we will have live coverage when they gather will -- they gamble in. while we wait, a conversation on the current business climate in china with the trade tensions over tariffs. the u.s. china business council is the host of this event. >> good morning ladies and gentlemen. if you will kindly take your seats. latecomers will be accommodated. there are handovers over on the right you will want to have with you or take away with you. please help yourself to some coffee. welcome to use china business council. this is a press conference talking about our annual member survey, and it will be done in three parts. the first part i will introduce our president craig allen, and then after that our senior vice president jake parker will walk you through some of the highlights of the survey and then we will open it to questions. so at this point it's my pleasure to introduce you to pres

>> this is "d.w. news" live from berlin. the end of an era. the u.s. and russia abandon a key cold war treaty on nuclear weapons and nato sounds a note of caution. >> we will not mirror what russia does. we donon't w want a new arms ra. anchor: each side pointnting fingngers at the other for endig the medium range millions agreement, both calling for restrain straint. also on the program, where's the beef? president trump and the european union sign a deal to above the u.s. beef exports to the e.u., a small item on trump's long list of issues with the european union but might win him votes from farmers. and new laws allow saudi women to go abroad without the consent of a male relative. the move is a game changer that takes effect at the end of the month. welcome to the program. the west does not want a new global arms race, at least according to nato secretary general stoltenberg. he was responding to the collapse of a landmark nuclear weapons treaty dating back to the cold war era. the ending of the intermediate-range nuclear forces, agreement, or i.n.f., removes limits from the u

restaurant tasting taipei starts september 1st on d w 5. could a u.s. u.k. trade deal help offset the economic damage of a no deal bricks it british prime minister boris johnson thinks so but from the u.s. congress there are strong voices of concern we'll tell you why. and also coming up the drug maker johnson and johnson find over its role in the opioid epidemic in the united states. welcome to the business i want to get johnsonville and good to have you with us now the g. 7 summit india it is ended and there were some surprises there including u.s. president on a trump sharing a fun press conference with german chancellor angela merkel and talks of a possible u.s. u.k. trade deal now one that could help offset the economic damage of a no deal breaks it at least that is what british prime minister boris johnson has been touting lately but not so fast the u.s. congress has a say on every trade deal and many congress members fear that a no deal breaks it would return new controls to the irish border undermining the 1908 good friday peace agreement which ended 30 years of violence betwe

now where the u.s. says a tough new sanctions will cut off funding for venezuela's president the u.s. is frozen but is wailing government assets blocking all american companies and individuals from doing business with the close majoris government supporters trees about hospital from caracas thank you long lines in front of the peruvian consulate in caracas most of those who come here i desperate to leave the country. is every tired engineer she has been waiting for months to get an appointment because she says she cannot continue living here i mean really out of this way that i have a pension of 40000 bolivar's that i can buy 2 kilos of cheese my son is in peru and i'm going to live with him but i cannot get their. stories like my as i frequent in venezuela these days as the country struggles with an economic crisis that has forced a millions out of the country for the. united states and dozens of other countries worldwide who are meeting ilim up to venezuela needs political and economic change the united states from venezuela have a historically had a strong bilateral relationship b

, we see u.s. futures kicking off down 1.2%. is a big plunge after the regular session -- it is a big plunge after the regular session friday, and respond to retaliatory tariffs. in the regular session we saw the dow fall 623 point and tech and energy, some of the big losers on the s&p 500 while the nasdaq fell 3%. we have of the recession indicators like a 210 yield curve goes to inverting while the three-month tenure was the deepest inversion since march 2007. at the moment we continue to see the downward trend with u.s. futures down 1.4% which is a big plunge given futures at the open don't move much. let's see how we are shaping up for the markets in asia with selena in beijing. we are seeing red across the board, new zealand opening and nikkei futures down. kospi pointing down. sox -- stocks are absorbing the escalation ahead of the weekend, trump escalating as well as telling companies to pull out of china. we see the all out economic war after the tumultuous august for the financial markets. can see the yen following. towardsontinued moves haven assets. earlier we saw the yen s

on the transpacific trade and the near term future of the u.s. economy and finally major corporate titans are squaring off in court and tesla is under fire yet again as they face a super wal-mart over solar panels our correspondent alex mahela just standing by to break down the trouble for the electric giant can one show really cover all that we're about to find out go. a threat of sanctions over an arms deal leaves our globe report today as china's foreign ministry says it will target any u.s. company involved in the sale of advanced fighter jets from the u.s. to taiwan the island nation and u.s. ally plans to pay a $1000000000.00 for $66.00 f. 16 v. fighter jets made by the joaquim martin corporation beijing still considers taiwan which was founded after chinese nationalist forces retreated from the mainland to be a renegade province of their country and previously threatened similar sanctions after a separate u.s. sale of missiles and tanks to taiwan was announced last month while the chinese sanctions may not have a significant economic impact since u.s. defense contractors are

. the u.s. embassy last month said his condition has worsened. weiland read a statement to reporters. no crime ever occurred. there is no evidence of a crime. this isolation has been used [inaudible] mark: whelan who holds british, irish, and canadian citizenship was arrested in moscow of december of last year and charged with espionage which carries up to 20 years in prison. he has complained about poor conditions and said his life is in danger. nebraska's highest court has lifted one of the last major hurdles for tc energy policy keystone xl pipeline but challenges remain for the $8 billion project which has been on the drawing board for a decade. the project is tied up in a legal battle in montana over itmits and tc energy says has already missed the window for beginning major construction work this year. environmentalists claim the pipeline would contribute to catastrophic climate change. david cote him an industrialist libertarian and philanthropist is dead, according to the bloomberg billionaires index, he about $59h of billion, tying him with his brother as the world's seventh

w. this is the daily news coming up after 18 years fighting the u.s. and the taliban look to and hostilities in afghanistan but the afghan government doesn't have a seat at the table we look at what the doha talks mean for actual peace on the ground plus what about the women they've explored more freedom since the taliban fell from power could your gains be lost once again. and a japanese farm that produces luxury i know old fashioned way to add something special to a popular dessert. i'm melissa chan welcome to news asia thanks for joining us will it be the final stretch of talks between the united states and the taliban this is the 9th time they've come together to try to hammer out a deal and 18 years of fighting in afghanistan they are doing this without the participation of the actual afghan government here are the 4 major issues being looked at the withdrawal of foreign troops mostly americans a cease fire counterterror guarantees and the promise by the taliban to engage in intra afghan talks before we get into what any of that means here's a quick reminder of the rise fall

off. this as goldman sachs says a u.s. recession cannot be ruled out. seize the day, italy's premier says an exit from the eu has never been his plan. he spoke exclusively with bloomberg. >> i don't think anyone is scared of democracy. we ask for elections. one should be scared if we were saying i don't want elections. we are not a leading -- not letting people vote or coming it was strange governments. we just want people to vote. nejra: tense weekend of protest. hong kong takes another violent time. we are live from the city police headquarters. and saudi aramco releases earnings for the first time. we will hear from the cfo later this morning, don't miss it. ♪ matt: good morning from the german capital, let's take a look first at a couple of the market prices, you will see the influence trade. you might wonder why asian markets are gaining right now. thanuan fixing was weaker some may have expected and it does look like the chinese are indeed holding the yuan steady around seven. right now we see the offshore trade at about 7.1 you want to the dollar. that's why you're seeing fu

, winning a record-tying sixth u.s. all around title if that does not impress you, just think about this, she did a double twisting, double summer salt dismount from a balance beam unreal it's monday, august 12th and "worldwide exchange" begins right now. ♪ >>> good morning, good afternoon or good evening and welcome from wherever in the world you may be watching i'm brian sullivan. happy monday well, at least for now we are seeing a little of the craziness for the recent market moves take a break to start the week, although li will say this, futures are now down -- they were down 50 points just about 15 minutes ago then we had the headlines about all flights being cancelled out of hong kong's airport and saw futures take a leg down. we lost 75 points like that. you never know what's going to happen the rest of the day in the bond market, bond yields remaining a little steady. the bond yield still on the ten year very, very low at 1.685 again, this is what you want to watch, 1.59, 1.65, the two-ten spread that goes above that, that's called the inversion that's what people are wor

. yields hit 2016 lowe's. new zealand's benchmark also dropped a record. and the u.s. threatens sanctions on some jets. u.k. trade ties could be at risk after gibraltar allows the release of an iranian tanker. good morning, everyone. welcome to bloomberg: surveillance. these are your markets. we are seeing a bit of an upside as it comes to the stoxx 600. one thing, the lse is investigating some of the delays on what they are seeing in the stock price. there was a trade issue, which means we have delayed opening for some of the biggest stocks. we understand the lse, the london stock exchange, will give us an update in about 15 minutes from now at 9:15 bsc. there is a bit of a risk on. 1.55.0 year yield at if you look at dollars stabilizing, 110.85. later, we will review an exclusive interview with brian moynihan, a banc of america chief executive. in the meantime, let's get straight to the bloomberg first word news in new york city. >> a trading services issue. trading some of the biggest stocks on the london stock exchange has been delayed, the second such outage in a little more than a y

because of the exit. prices slump. we speak to the ceo shell. >> take a quick look at my terminal. the u.s. 10 year yield, the dip you can see right after news of the fed rate cut. at first, and investors were buying bonds and pushing down the yield. then during the press conference, it came back up. it does not look like the market is convinced jerome powell will keep cutting. clear in the press conference he never said this is the only cut. there could be more to come. take a look at where we see futures trading. it is a down day. drops yesterday. futures up 0.6%. ftse futures falling by half. >> we see the aftermath of the u.s. session. selling over and asia. the japanese market cushioned a little bit because of the moves. weaker in the japanese yen the fx story. u.s. equity markets, closing closer. negative reactions compared to what we saw from jerome powell. dollar strength has been a feature here with the market readjusting expectations, how much rate cuts you are going to get. we see some dollar strength coming through and we see weakness and some of these emerging markets. let sho

latest read on the u.s. economy. from washington, jenny leonard on the trade talks, and emma from london on efforts to stop a new deal brexit. we got the second read on the second-quarter gdp. what did we learn? carl: we are on slower but steadier footing. from london on efforts to stop a new deal brexit. a .1% downward revision. not substantial. the primary pillars of economic wrote look well-positioned to continue driving the expansion in the back half of the year. consumer spending stronger than reported. government spending running at the strongest pace in this cycle. that is where the economic activity will be in the back half. business investment has been a weak spot. no change on that front. that is a landscape for growth that will probably be just below 2% in the back half of the year. [indiscernible] slow and steady -- david: slow and steady, but there other numbers we will come back to. now let's go to jenny leonard in washington. i have lost track of where we are with the talks. steven mnuchin saying there back on. the chinese saying they will not retaliate. are we movi

street. a deal for the u.s. to export more beef to the e.u. so does it help american farmers caught in the u.s. trade dispute with china and could it ease trump's animist we're brussels. also on the show an escalation in the trade between japan and south korea we'll tell you why seoul is fuming. and what can a 2000000 euro real estate investment in cyprus buy you other than some nice digs tell you. this is your business report i'm stephen bears in berlin thanks for joining us u.s. president donald trump has signed an agreement with the e.u. to increase american beef exports into the bloc it's a rare bit of positive trade news from a president who hopes to extract even wider concessions from europeans later this year and it comes one day after the president announced new tariffs on china a move expected to hit american consumers hard and prolong the trade dispute that has been especially painful for american farmers. after german cars and french wine u.s. president on the trumps most recent before the european union was with well before the u.s. had long found it hard to export its meat

you describe to me how the cartels operating the weapons trafficking from the u.s. into mexico. what about the mexican security forces do they make a big effort to stop all of it. and u.s. security simply has a different concern as american border forces are more focused on drugs coming in then weapons going out traffickers have adapted their business model. official data about trafficking is hard to come by but some u.s. gun sellers have come to attention such as this store chain called academies. it keeps coming up as a purchasing point of weapons that have been trafficked to mexico u.s. agencies are limited by law as to what data they can publish but in 2011 a spreadsheet was leaked was thousands of gun traces and academy sports features very prominently academy schools comes up a nearly 100 traces some link to weapons recovered from the. now because the data is a bit old also conservation court documents and academy sports has come up again as a place where u.s. agencies have mounted an undercover investigation into the illegal sale of firearms . academy didn't respond to our int

having an effect on the u.s. dollar. i want to get your take on that expertise. we seem to get no weakness in the u.s. dollar. >> it is strange. when you go into the numbers and the data, you find so many different things you expect to see. when the dollar weakens, they weaken as well. i make money on this, not how i wish i would make money. that seems to be a different story. europe being very difficult right now, concerns around emerging market growth and not as much about the domestic environment. i'm just fascinated by it. and ittalking about $.25 is not that dramatic if people misperceive that. 72% of sales come from north america and if you factor , it isconductor sales probably closer to 75%. small and large caps are not really that far apart, but the way they report the data, for those companies, half of the sales are international. there is nobody in germany buying managed-care insurance. the way the data is presented is a little different and i would like to make one last point. if you look at the 10 year yield, it has come in about 120 basis points since the end of the

suppressing their viewpoints also to come rushing the u.s. trade accusations u.n. security council over the collapse of the i n f control treaty. the united states will not remain a party to a treaty that is deliberately violated by russia we are one step away from an arms race that cannot be controlled regulated in any way. and the captain of a migrant rescue ship facing up to 20 years in jail in history for her activities rejects an award for bravery from france accusing paris off the park or said. good morning just going to 8 o'clock here in moscow you're watching r.t. international our top story this hour a u.s. court will decide later whether there is enough evidence to go ahead with the censorship case against facebook google twitter and also apple is bringing the lawsuits accused the tech giants of bias and suppressing content from the conservative end of the political spectrum. as more. if you haven't heard of a laura loom or now is the time the young female activists dared to go against the all mighty big tag and could actually shake things up more on that in just a sec she's k

new wing of the u.s. military called space force here is part of what trump had to say today the dangers to our country constantly evolve and so must we now if those who wish to harm the united states to seek to challenge us and the ultimate high ground of space it's going to be a whole different ball game we're going to stay here on earth go to washington d.c. our bureau chief there alexander for numbs he's on the story for us tonight good evening to you alexander i mean this does does sound a little bit like star wars tell me what is the difference between space command and space force. well space force is the future at least according to president trump he wants to create a totally new and potentially independent branch of the u.s. military military to oversee all military operation in space but to achieve this goal he needs congress he needs congregational approval congressional authority and congressional funding and that can take years and of course there are a lot of people critics questioning this adventure as they called it so therefore to trump administration has decide

giant over of the u.s. opioid crisis plus. i'm all in fisher in hampton virginia where the people here are commemorating 400 years since the 1st africans were brought to the english speaking colonies and forced to work its leaves. how the whole weekend i think the start of the coming would be characterized by slow moving but pretty big thunderstorms the most recent victim this all streets in austria 73 millimeters or in 3 houses ones on the still a significant damp or flash flooding the result they're all reserved the potential for hey a lot of these towns and quite like the lightning that tended to die out i think the risk during monday still going to be around the alps stretching into austria want to balkan states but it's really is launching our free from the risk and further science were local right and who was too lazy which was a risk. on sunday that the picture of temperature. this is maybe the more critical one for most places $32.00 low thirty's is the high end of normal in europe but for northern europe particularly in france in the british isles such to a thirty's furies wer

. hua: we don't know when the u.s. will make the decision on android, and when that decision will come, so we have to make preparations for our products. we will evaluate our strategy for the overseas market. if we are not able to use android for our new smartphones, we have the ability to develop our own operating system and ecosystem, which would become the basis of our services to the customers. tom: give us a sense how fundamentally you have had to change your supply chain to mitigate these pressures? have you completed those changes, or are there more to be done? mr. hua: the entity list put into place by the u.s. was disruptive to our supply chain as we had already made plans to use the components from the u.s. but u.s. suppliers suddenly stopped supplying us, so we had to make adjustments to our supply chain, including our process of purchasing, manufacturing, and delivering products. we will do the adjustments to our supply chain. we will change to other suppliers and use our own chips for the core components. i think the damage to the u.s. suppliers is even bigger than it

because the people have less political power. headlines in r.t. conservative activists in the u.s. is celebrating after a court agrees to reconsider its censorship case against tech giants like facebook and google. crusher in the u.s. trade accusations at the u.n. security council over the collapse of the i.m.f. arms control treaty. in accusing russia the united states and the countries that grunt along with it are ignoring facts and common sense the united states will not remain a party to a treaty that is deliberately violated by russia and a ship captain who faces jail for saving my can from the mediterranean has turned down a french bravery or accusing paris of hypocrisy that is european states to wrangle over what to do with new comes. there is midday here in moscow you're watching r.t. international that conservative activists in the u.s. is celebrating after a court agreed to reconsider censorship case against facebook google twitter and also apple those bringing the lawsuit accused the tech giants of bias and of suppressing content from the conservative end of the politica

political crisis. u.s. attorney general william palm removed the acting director of prisons after the suicide of jeffrey epstein we discussed the conditions at the jail where epstein took his life with his former lawyer. fundamentally wrong with that is that jeffrey actually did not belong in the actual solidity to begin with. and the u.s. military announces plans for a new intermediate range hypersonic missiles often pulling out of the i.n.f. treaty with russia and test launching a new cruise missile. alone you are watching r.t. international i'm rosana lockwood thank you for joining us. now more than a year of tensions in a ruling coalition have come to a head with the italian prime minister just seppi county resigning that's after the country's interior minister met a ourselves in a call for a vote of no confidence bensky reports on the unfolding political crisis. yes. well that resignation over its lease prime minister said because they had been widely speculated for the last few days and now it's happened to force plunging italy into a fresh political crisis in his resignation sp

now, the senate finance committee examines the u.s./mexico/canada trade agreement. secretaryiculture along with the panel of trade and industry representatives testified on how the usmca could impact the average american, as well as how it differs from the 1994 north american free trade agreement. >> we welcome our witnesses. telling us about the importance of the united states-mexico-canada agreement. we are referring to that as usmca. fromok forward to hearing the witnesses about the significance of the agreement to america's businesses both small and large. farmers that we all represent. thank you for being here. our country's important trading partners according to the international trade commission. the year 2017, more than one third of america's merchandise exports went to mexico and canada. in that year, mexico and canada imported more than half $1 trillion of american goods, plus more than $91 billion of american services for iowa. on mexico tolars canada. support 130,000 jobs. foundation of a strong trading relationship with mexico and canada has been thus

coming in. u.s. equity etf's are taking in three times more than they did at the beginning part of the year. more than fixed income. they are now the leaders, which is what we are used to seeing with etf flows in 2017. let's look at june and july versus other june and july's. just to give you an idea of how accelerated the flows are. it is the biggest june and july on record. this is what $2.2 billion a day in flows look like. the etf's generally take $1 billion. when they get excited, it is another $1 billion. with both hands on deck, that is why you are seeing this accelerated level of flows. they should break the record if they keep this up. scarlet: making up for some lost time. let's bring in meb faber. in new york, we have annie matha with bloomberg news. let's start with you. you saw the flows. what part of the rush into stocks and risky assets over the last few months surprises you? meb: it does not really surprise me. it is a bull market. u.s. stocks are up 20%. the parking lot at bloomberg is an indication where there are only four people working in -- and everyone else i

in the u.s. is premature. lisa: kevin? >> you would have to give up on the fact that the u.s. economy has not found its way to recession yet. still some strong points in the economy that will keep yield from dropping a whole lot more than they are. if the trade issue is the only issue we are talking about, and that will extend well into next year, then there is no other way to go but down in yields. if cooler heads can prevail, we can look at the fundamentals, there is a point, maybe 20 or 30 basis points from this very bottom out for a while. lisa: there is a question, scott, about how crowded things are getting. investors are bracing for a drawnout battle. money into treasuries as hedge. bank of america survey saying investor faith in u.s. treasury is the most attractive hedge affirmed. as is the expectation for a much more aggressive fed cut cycle. at what point do we understand this to be just an overcrowded trade, albeit a good one? scott: the challenges we have seen that break in zero lower bound. we always assume rates were closer to zero, treasury values were more full than a

extending the rally in treasuries. chairman powell saying the u.s. economy is in a favorable place but faces risk. zero rate 30. germany regarding the size of its bonds that pay nothing as the option flops. fed officials at jackson hole grappling with how the trade war is impacting the u.s. economy. >> trade uncertainty is sort of a fact of life now. >> trade policy uncertainty has been weighing on the outlook. already someen business spending the weekend because of that terror situation. what is holding it back is trade policy uncertainty. the center of gravity is u.s. economic policy, not monetary policy but trade uncertainty. >> trade uncertainty will be with us. what i some businesses do is become more cautious. this trade war is triggering other actions around the world, other countries thinking about reevaluating their own trade relationships. this could easily get out of control and easily feedback to the u.s. lisa: there should be a little ding every time they say uncertainty. matt toms,now is luke hickmore, and here in new york, jim keegan. i want to start with you, jim. o

is renowned for its violent repression of women now a new deal with the u.s. could see the group return to power one o one a student just a gates of afghan women who paid the price the pace on al-jazeera setting the discussions police in cape town has struggled to wreaking stadol down by and examining the headlines now under president putin russia is making a push to engage explore an abundance of wild class programming designed to inform to motivate and inspire new but feeling bad about all. it's almost 2nd nature and i also know what they see the world from a different perspective on al-jazeera. building a new life on an entirely beach living off the sea and the last a dream shed why so many but so few make it to lana's hand a family business led by a remarkable woman with a flair for cooking and disaster when if. my chain is yeah i didn't catch it on al-jazeera. last september on al-jazeera up to gears of war and famine al-jazeera looks at the dramatic transformation emerging to the inspirational stories of for diversity p.o.b. homes israel elections can benjamin netanyahu the

two words from jerome powell triggered a tumble in u.s. stocks despite the fed's first quarter point rate cut in more than a decade the comments dampened hopes of further cuts this year some traders said the statement itself had already proven to be a bit of a disappointment. you can see what's going on. the ftse 100 slightly into negative territory similar story in germany we've seen a strong performance in french shares fit ftse mib trading up. the euro weaker by a third of a percent against the greenback. the pound trading pretty weak at the moment, also trading about a third of a percent weaker. the dollar strength is visible against the japanese yen and the swiss franc. let's look at how the u.s. markets are shaping up ahead of today. you can see how they closed down significantly last night the dow down more than 1.25% the s&p 500 closing more than 1% lower. a similar story in the nasdaq. you saw that reaction pretty swiftly from traders in the u.s. and we will be watching to see how things shape up today on the other side of the atlantic powell tried to clarify his remar

episode leading to the u.s. labeling china a currency manipulator, the latest escalation in the trade war that sent investors rushing once more toward haven assets. $15 trillion is the world stockpile of negative yielding bonds. , gold futurese hit a six-year high wednesday. the precious metal has been one of the chief beneficiaries in the trade dispute between washington and beijing. to unpack all of the reaction, we are joined from st. petersburg, florida by james , with about $10 billion under management. james, what was your week like? how are you invested, and what did you make of the moves, particularly in u.s. yield? i think the week was because we introduced another policy discussion with the currency give-and-take. what we look at is we've gone through the first half of 2019 with really all of our main asset classes doing extremely well. that includes the equity income producing securities and the u.s. treasury market. for us, it is to take a pause. we happen to believe the bond market usually gets things right about global growth. we are more aggressive with our cast allocat

below 7 to the u.s. dollar. that is a threshold that's not been breached in more than a decade tough go to 2008 and the financial crisis now, as that currency falls, remember, what does it do? it makes chinese exports less expensi expensive, which some say could mitigate any positive impact from the u.s. tariffs. analysts are quick to note, china could retaliate more against president trump's tariffs by further devaluing the currency you can see where it is 7.08 this is a four-year chart. remember, it is inverted as that goes up, that's the dollar against china's currency. that's a weakening of china. look at this we were at 6 and change here four years ago as that trade fight has increased, we've seen china's currency weaken. we have not seen that level in more than a decade >>> the currency war and hong kong protests are happening across the pacific ocean, but you'll feel it here. as this happens, dow futures are down more than 300 points right now. of course, all this as our major averages are coming off their worst week of the year dow pfutures down 366 nasdaq and s&p also lower on

u.s. that you can actually work with these visas and say just looking back just over a year ago 2 years ago you can see the countries that are popular for allowing people to come in he's in this particular kind of visa into the u.s. somalia iran to pity them in syria united kingdom france germany so france and germany are more popular in terms of allowing people when do you notice that there's a hierarchy of who eventually gets into the country on a visa that's involved in science or technology of research and who doesn't make it i think with those particular b. visas it's actually difficult to know what from the statistics what the purpose of the visas are so we don't know how many of those was or for normal business also the sorts of conferences that people were talking about but but clearly whichever one they're for. putting barriers in the way of getting such abuses interrupts the flow of both commerce and ideas between the us and other countries which is bad for both the us and the other countries. so i mean i think the people who are talking on this panel right now there are

history tv" every weekend on c-span3. >>> "american history tv's" look at u.s. foreign policy shifts now to southeast asia. after world war ii, western powers hoped to stop the spread of communism to vietnam by fostering anti-communist governments in the region. in his book, "arc of containment," wen qing ngoel argues despite the outcome of the vietnam war, the u.s. was largely successful in its overall regional strategy. the wilson center in washington, d.c., hosted this discussion. it's about 90 minutes. >> all right, everyone. i would like to call us all to order. good afternoon. and welcome to this afternoon's session of the washington history seminar historical perspectives on international and national affairs. my name is eric arnesen. i'm co-chair of this seminar along with christian ostermann who represents the wilson center. as you may see, we have c-span taping here today so we would like to welcome those of you who are watching on your computers or on your television screens and suggest that you visit our website to learn more about the seminar series and upcoming speakers her

arabia, prompting oil producers to develop responses to the oil price slide. terrain.et u.s. 10-year yield creeping up a fraction. elsewhere, we see the bond rally continue. let's get more on the philippines gdp numbers. joining us from goldman sachs is .hief asia-pacific economist >> there was conference run remittances holding up with credit growth being strong, but i think it probably adds to the case, the rapidly building case that growth is slowing. momentum is falling. we are seeing that through some of the high-frequency readings. we are indicators, and it the bnp wills that delay its easing tide. they had indicated they were not ready for easing, but i think it adds to the case for more monetary easing. david: 25 basis points at least is the expectation. what is the risk if they go 50? >> i don't think there is too much risk to them by going more. we saw three central banks surprise yesterday on the upside, easing one unexpected, in many cases, central bankers and policy makers would be happy to have weaker currencies, given the growth pressures that were alluded to. rishaad:

hit 3$300 billion worth of good on september 1st the u.s. commerce department said that products to be exempt would be in health, safety and national security. tariffs would be delayed until december 15th on cell phones video game consoles and certain toys if that sounds like christmas wish list, there's a reason. president trump today this to reporters. >> the only thing is we've collected $60 billion from china, but just in case they might have an impact on people, what we've done is delayed it so that they won't be relevant to the christmas shopping season. >> the top trade nergotiators ha a phone conversation yesterday and are expected to have another chat in two weeks ahead of a planned face-to-face meeting in september in the u.s to beijing the signal was that the delay would only reinforce their approach to wait for a more favorable situation data out today missed, factory output for july was the slowsest since 2002 retail sales sank. fixed asset investment, a gauge forever construction activity fell the economy faces increasing downward pressure, but believes policy measures

a list of unreliable entities beijing's answer to the u.s. blacklist. >> key readings come in stronger than expected but german activity still contracts amid the slow down in the larger economy. and the chilean miner warns decline in copper prices have hit it's production outlook. well, good morning and welcome to the show. we had quite a busy morning in terms of european data but we just got the overall flash pmi numbers for the euro zone as a whole. let me break them down for you the flash composite pmi is higher than 51.2 and also higher than in july 51.5. we got 53.4. this is higher than the consensus and also higher than where we were in july. manufacturing which is key and what everyone has really been focused on in europe also came in at 47 that's higher than the expectation and also higher than where we were in july. so it's definitely some progress on the pmi fronts and if you want to look at it in a little bit more detail the french numbers also came in much better than expected about an hour ago. we did see some improvement in the manufacturing pmi numbers coming ou

can't that that has grown since the u.s. left the nuclear record. of russia,nts ukraine, germany, and france will meet next month to discuss the ukraine conflict. president macron made the announcement today. he also said g7 leaders could takegree on what it would to invite russia back into the group of leading democracies. abeident trump and shinzo are hoping to make their trade agreement a done deal . that is when they are planning a signing ceremony. onan will cut tariffs american beef and other agricultural products. that will help farmers hurt in a trade war with china. meanwhile, the u.s. will hold off on imposing tariffs on japanese cars. brazil president joe your bolsonaro faces domestic and international pressure to combat the crisis of wildfires in amazon. he pledged action to control the fires. the u.s. has offered its support to tackle the disaster. global news 24 hours a day, on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. york,: it is 1:00 in new 6:00 in london, 1:00 a.m. in h

elections. the btp market likes that. vonnie: in the u.s., the s&p 500 firmly above 2900. retailers are partially the reason for that, including lowe's. target is up the likes of 17%. the 10 year yield 1.57%. we will be speaking yields any moment with steven major of hsbc. he will talk about the twos tens spread as well. after inventories came in come a drawdown, we saw the advance in crude oil pare back a little bit. at $56.40. guy: bit of breaking news out of the united states. the congressional budget office reviewing the full year 2020 u.s. deficit. what they are saying is the deficit is going to top $1 trillion. that is a couple years earlier than originally anticipated, and may have an impact in terms of what happens when it comes to 2020 elections and the kind of politics we could see around that, and potentially could have an effect in terms of the president's ability may be to push through some more fiscal policy in advance of that 2020 election. vonnie? vonnie: we have are publicans complaining about the deficit for a long time, which is an interesting shifting strategy. t

less political power. u.s. presidential hopeful told. to make it through to the next round of democratic debates despite becoming the most candid online she is not questioning the d.n.c. selection process. in other news a friend to appeal after losing his battle to protect people in his village from harmful purse decides reaction from the locals. i think the government isn't doing its job there the 1st to say that there should be no past if they do nothing we breathe easy to pass the sites we did during testing the amount of pesticides we found was alarmingly high. that a group of military experts is pushing the pentagon to come clean over the number of u.s. bases that are overseas they claim the current figure is a big hugely understated. we are surprised sometimes when young men and women are killed in places no one even knew that we had a military installation there. thanks for joining us this friday evening you are watching. one of those popular democratic presidential hopefuls has failed to qualify for the next round of t.v. debates and why representative tells he was the