talk policy and implications on the u.s. taiwan relations and argue that the policy can be as is a costly signal to signal the intention of taiwan form policy. foreign policy. today, i'm going to let you know why i want to research this issue. we know that the form policy proposed by taiwan has had implications on u.s. taiwan relations. , even look at -- policy mine and joe's policy, they all have implication about how stable u.s. taiwan relations is. is, since 2016, there's been a significant change in taiwan's form policy. sane when he became president. ont kind of impact he has u.s. taiwan relations. is a positive. is a negative. what is the effect? this is the lump of my research. today, i'm going to talk about three main points. first, i want to focus on how the use of -- policy is developed throughout 2016 and 2017. and, why you see it that way today. it is people centered form policy. policy, thef that new cell phone policy actually signal to the u.s. taiwan relations. i will explain why it is a -- signal. then, i will talk about how taiwan once to, and why is form policy is

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

♪ alix: growing pains. u.s. independent oil producers spend more and get less as the shale development hits some road bumps. make glencore great again. record profits at glencore not enough for investors as they clamor for buybacks in dividends. and big growth plans. lyondellbasell's ceo bob patel outlines expansion plans for one of the largest petro-chem giants in the world. ♪ alix: i'm alix steel, and welcome to "bloomberg commodities edge." it's 30 minutes focused on the companies, the physical assets, and the trading behind the hottest commodities with the smartest voices in the business. all right, let's kick it off with "spot on." it's our analyst's take on our big story. joining me now is tamar essner, nasdaq's lead energy analyst, and our spotlight on oil earnings. good to see you, tamar. thanks for being here. tamar: thanks for having me back. alix: the big theme with enp independence in the u.s., production guidance goes nowhere. capex goes much, much higher. what was your big take away so far? tamar: companies are spending more and producing less. and so basica

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

haidi: president erdogan says the u.s. is waging war on the economy and undermining the lira. ramy: the currency suffered its worst week since 2001, but now they are limiting swap transactions. haidi: criminal charges released at the inquiry to australia's finance ministry. ramy: the saudi's sovereign wealth fund may raise its investment and there is a lawsuit. haidi: hello from sydney where it is passed and :00 a.m. -- it is passed 8:00 a.m. ramy: it is past 6:00 in new york on a sunday. i am ramy inocencio. looking at where things are heading, take your pick between the u.s. and china, u.s. and russia or u.s. and turkey. there is a lot of rushing about with sanctions and tariffs. we are seeing the knock on in the currencies. let's show you what is happening first with the dollars. you can see it's sliding. the euro is heading the other way, down a quarter of a percent , and we can see the biggest movement happening with the turkish lira, now retracing some losses, 5.6%. we had above the seven handle, 7.2. after the headlines in the past few minutes, we see it going back below sev

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

states is trying to achieve. borrowing more but paying it back. u.s. household debt is at a record high. the question is whether this is a sign of economic strength or a problem on the horizon. sheri: turkey taking a bold step in the latest attempt to ward off an economic collapse. the president is taking on traders betting against the lira. in a response to what he deemed an american attack, he has announced terrorist targeting $1 billion worth of u.s. goods. randy was joins us from washington with the latest. the of course coming after president called for a boycott of u.s. products including iphones. will this make a difference to the u.s. economy? randy: i do not think it will make a huge difference. turkey is a large economy but not a major trading partner for the united states, and the u.s. is engaged in trade wars with china. it is dealing with the e.u. and is in negotiations with nafta so it has a lot going on, and this is not the biggest priority. david:'s experience as a lesson, this will not be the end of it. what comes next as we assume does not cavedan into president t

this is deja vu news live from berlin the u.s. history you know with a new round of trade tariffs washington is targeting another sixteen billion dollars of chinese products beijing has retaliated in car in so who stands to lose the most will have a special report from one u.s. region bracing for tough times and stay in the u.s. president trump says he did nothing wrong a day after being implicated in us money they have put two former associates facing prison time will there be a political price for the present. plus the former head of brazil's football field federation jailed for four years for taking bribes to the sentencing is the first of its current for a top ranking official. and the answer my friend bob that's blowing in the wind a new european satellite goes into orbit to track wind systems around the globe what will it mean for combating climate change and predicting the weather probably talking to a meteorologist. i'm brian thomas a very warm welcome to the show all just a few hours ago the u.s. slapped a twenty five percent tariff on sixteen billion dollars worth of imp

shortages. and the economy is in for more shocks with the u.s. about to reimpose sanctions. also coming up in zimbabwe loved ones burying the dead from last week's post-election violence. there was a breakthrough in the family. for the big day for me you. could see stuff but we'll have a report from our correspondent in harare about sylvia mafiosa one of those who died in clashes with security forces. i'm brian thomas a very warm welcome to the show a deadly earthquake has struck the in the nation islands of lombok and bali officials say ninety one people are confirmed dead thousands have now been evacuated the seven point zero magnitude quake struck in the northern part of lombok early sunday evening officials say strong tremors damaged buildings across those islands now the aftermath has authorities scrambling to help those hardest hit. injured people in hallways and i in the car park at this hospital in the resort island of bali medical teams are moving patients i cite fearing aftershocks. and i think. we are constructing emergency tents with the assistance from the disaster mitigation

bullishness coming from the optimism from u.s. and mexico and the u.s. and canada. there is still uncertainty with regards to what happens with china. according to analysts, that seems to be something further. aboverst time it closed 2900. up by nearly 1%, 8100, breaking that level. we will get more on that from su keenan. let's look at the boards. over little more insight into what is happening with the currency. lowerged but it had been in u.s. trading. the canadian dollar and mexican dollar strengthening. yvonne: we mentioned how exuberant these markets where. we heard the president of china when it came to why the sessions are breaking down. it might be cupping some of the enthusiasm of her. an all-time high yesterday. we are coming off of that now. tokyo and seoul looking positive today. it is perhaps a beneficiary when it comes to the yen slump. it will take a look at currencies volker. at 681.91.hat study the turnover has reached unprecedented levels. the daily volume quadrupled in the month of july. adjusting that factor. $.73 for the aussie. let's dive further into the ma

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

now it's up to canada 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 finally. coming up plastic bags it's terrible for the environment and now kenya has taken the world's toughest stance against them with up to four years prison time for using one. this is your business update on how to have free in berlin glad you could join me the u.s. says it's still hopes to find common ground on trade with canada after reaching an initial agreement with mexico under 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 h

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

bells. is the u.s. economy vulnerable? italian bond investors run for cover ahead of what is potentially another month of political turmoil. we start with the big issue. pain in emerging markets. >> emerging markets has been hit quite hard. >> global liquidity is actually on the retreat. that will definitely leave traces in emerging markets. >> some of them are in good shape, some of them are not. they are all being tarred by the same brush. what that means is investors who are careful about looking for the nuggets are going to find some really good opportunities. >> we do see some selective value there. what has hurt the emerging markets has been the strong dollar and the fed tightening and higher u.s. interest rates that has caused capital to move out of emerging markets into the u.s. but the point is that a lot of the dollar strength, most of it, who knows when the dollar will peak but a lot of that has happened. >> we will see points in time where investors start splitting their interest between the good, bad, and ugly. with regard to emerging markets. >> don't forget eme

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

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

between brussels and washington they now face punishment if they comply with u.s. sanctions or refuse to comply if you companies guard guy u.s. second research actions they will in turn be sanctioned by the european union iran sanctions have officially been cast these are the most biting sanctions ever imposed and in november they ratchet up to yet another level anyone doing business with iran will not be doing business with the united states i'm asking for world peace nothing less. for the u.s. government reimpose sanctions on iran after pulling out of an international nuclear deal the first round of sanctions restricts iran's trade in u.s. dollars and precious metals also punishes countries that use the iranian real when trading with iran. i think now to shabbir razvi who's a financial analyst in fact is the director of international finance solutions associates very good evening to you share a bit the situation we have is that many european companies who trade with iran the likes of nestlé. what are they supposed to do now that they use threatening them with sanctions if they abide b

from the u.s. city of charlottesville a much more peaceful demonstration to mark the anniversary. how the gulf is the p.g.a. in missouri should be happy now when there's still showers around quite obviously but they are tend to drift slowly south and sugar sells more in texas in the last twelve eighteen hours or so and this texas may be able to oklahoma where the showers of ice which could court thundery rain exists for the answer but look what's happening at this east coast once again the rain has come back and it's persistent rain i've just had a look at this i think you could see between one and two hundred millimeters again falling around the new york area for example that's going to bring back the flooding that's not far away to be honest so louis looks fine that the southwest the southwest monsoon is just edging a bit more rain for thunderstorms arizona new mexico florida still looks within the big showers we saw coming out of well haiti jamaica and cuba are still there as a daily potential certainly gotten the full cost for sunday and we've got an increasing rain right hon

of network designed to save you money. click, call or visit a store today. >> u.s. stocks hold to four-day advances. china hits back at tariffs and the u.s. is sanctioning russia. resultscentury fox, validate disney's decision. takeon musk talk to some about investment in going private. but negotiations stalled over super voting rights and control. faces a ratepines decision later. not whether to hike but by how much. is just from sydney it a.m.8 >> good morning and good evening to you. just past six in new york. you, at to tell back-and-forth day with china it has already been hit hard on stocks and currency. wasn't u.s. today it anywhere near that dramatic but stocks couldn't get out of their own way. after thencertainty tit-for-tat overnight continued between the u.s. and china on tariffs. you can see that we had minor losses. the market days pretty much flat. a little on the red on the dow jones and the s&p 500. the s&p 500 is just about one percentage point within a all-time record. techq delayed a bit by stocks. bonds are interesting today. at auction a $26 billion auction o

china unless the u.s. sees evidence of change. hurtng says tariffs everyone. a very good morning again and hello to all of the global viewers. looking at what has happened the past 24 hours, there is a trade for pain, and there is a trade for earnings. we saw that pushed back and forth in terms of equities. we started low but ended up mixed. we seek we don't know it is when -- where it is heading. a lot of central-bank action out of the bank of england. in terms of what is happening, the central bank is trying to figure out the drivers that are trying to come out from wall street as well. this was surprising. maybe we will get another rate move out of mark carney. you spoke about the pain trade. if you look in -- listen to wilbur ross, he said putting beijing in that position of pain hopefully from his point of view, the trump administration's , they will get them closer to economic reforms. that is a long-term game. they the question is if could relate debt there. let's get you caught up with what has happened in the u.s. close. truean see if it was a tech trade. the s&p 500, the tech

"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

buoyancy from the mexicorough in u.s. and talks. with that said, we saw the peso fall just a tad because there is a lack of clarity on the details that this might not actually go through. there is canada and china as well pushing ahead. numbers, 20.97 and some change. that is indeed a brand-new record, up three days in a row, and strategists are now saying they are raising their forecast for the s&p 500 by the end of this year to the very around number of 3000. let's flip up the boards, too. the bloomberg dollar spot, canadian and mexican currencies, we can see where they stand right now. the mexican peso did see weakness down by 2.5% in u.s. trading, hitting the 19 mark. as we have been talking about in the past hour, basically, there was a thought that maybe the 69 days we had left is not enough to actually get this through congress and to get canada on board. we did sense a bit of optimism from the foreign minister of canada. she says they were very constructive talks she had with mr. lighthizer. also saying mexico's concessions will be on soluble to canada, so we will see as

hawk watchers in yemen the tragic war torn land that many in the u.s. news media jones and to ignore or pretend doesn't exist despite the massive amounts of u.s. military assistance in arms that help devastate that country you see the united states has been supplying logistics intelligence and arms to the saudi arabian led coalition forces since their intervention against the who the rebels inside yemen began back in two thousand and fifteen this support went virtually unchecked or unnoticed by mainstream western news media and political figures until. mid august when a coalition air strike targeted a bus carrying forty innocent yemeni children on a school field trip using a lockheed martin made u.s. supplied missile and when confronted about the airstrike the saudis initially declare of the school bus was a legitimate military target. in response u.s. senator chris murphy a democrat out of connecticut tweeted out we just bombed a school bus we need to end this now and then a rare instance of a senator or a u.s. senator putting his bill where his tweets are murky actually sponsored a

and waves of the weapons go in the first of a special trip across interest goes into u.s. arms sales giuliana rufus has been to investigate. well there were a bar. there were three i know that. you're controlling the bar in. june two thousand and seven and framed in the rowley twenty one year old arms dealer from miami beach is negotiating a three hundred million dollar ammunition for the u.s. plan to go on. his albanian contact because the tributes is secretly recording the conversation he wants to prove to verbally knows that the seller has links with organized crime. the problem i don't have a choice government or. the united states needs weapons for its allies in the wars in afghanistan and iraq. the guns must be kalashnikovs and other soviet style weapons it's what its allies are used to. speed is of the essence. a year after the coup with give the rolly. tribute sky is dead many believe the albanian mafia silenced him to stop him from speaking up about the pentagon deal gone bad. tributes because desk gave rise to a scandal that was supposed to change how the american governmen

live from doha also coming up back to the bargaining table the u.s. and mexico make a deal on trade now canada enters the talks. iran goes to the international court of justice to try to get some relief from u.s. sanctions. and france's president says it's time for europe to stop depending on america for its security. soldiers and me and ma have committed the greatest crimes under international law by attacking revenge on muslims according to the united nations its investigators say at least ten thousand people have been killed during military attacks last august the u.n. representative says his government doesn't recognize the u.n. mission which produced the report and has no relationship with it whatsoever well how much on job reports. the u.n. says military commanders in me and more should be prosecuted for genocide against the room into 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 of my down took actions that in the words o

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.. reports say the eu could be willing to scrap car tariffs. confidence falls in europe while price growth flows. the latest read on inflation up next. emerging markets are the terrible, horrible, no good, very bad august. having the worst august on hikes tos sent fed their lowest. david: we have been reading books. alix: i don't think we're quite at that level yet. markets to be a calm day. there are a lot of headlines bubbling up. in a holiday week, you know you will have swings in the market as well. s&p futures down four points. beste looking at the august since 2014. can we hold onto those kind of gains heading into the end of the month. euro-dollar pretty much flat on the end of the day. pressuring em and some of the decent currencies as well. here in the u.s., the curve at 21 basis point is where we stand. not a lot of volume anywhere you look. crude up .6%. david: it is time now for the morning brief. we are going to get dollar tree announcement for its second-quarter earnings. all day, u.s. trade representative robert lighthizer and canada's foreign minister wil

. 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

across the u.s. state where eight people have been killed in the past week so inside story now. reaching out to teheran donald trump says he's ready to meet iran's president any time and with no preconditions so what's behind this sudden off and how will trump and gauge iran when he's trying to build a regional alliance against this is inside story. hello and welcome to the program. u.s. president donald trump has extended an olive branch to iran just a week after he threatened the country now says he's ready to meet iranian president hassan rouhani any time and without preconditions but his secretary of state quickly backtracked from statement adding a few caveats to any potential meeting my palm pail wants to see what he calls a change in behavior from iran before in a negotiations can go ahead iran was also quick to set its own conditions saying the u.s. must rejoin the two thousand and fifteen nuclear deal before any talks can happen so we have a lot to get to with our guests but first this report from alan fischer at the white house. the u.s. president's surprise offer came during a

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

, u.s. ambassador to britain woody johnson wrote an op-ed in the telegraph urging britain to withdraw its support of the landmark 2015 iran nuclear deal. ambassador johnson wrote -- "america is turning up the pressure a and we want the u.k.y our side." johnson's op-ed comes after the trump administration re-imposed economic sanctions against iran last week following trump's decision to o withdraw from the iran nuclear deal. the sanctions increase tensions between the u.s. and iran, and the u.s. and its european allies. trump threatened other countries seeking to trade with iran, tweeting -- "anyone doing business with iran will not be doing business with the united states." iranian president hassan rouhani has condemned the sanctions as psychological warfare, saying last weeeek he would not begin negotiations until the sanctions are withdrawn. the first step would be for u.s. president donald trump to show he generally was to engage in negotiations to solve the problem. what is the meaning of negotiations when you impose sanctions at the same time? it is like someone pulling a knife t

little growling from the bears in this market ride. we had record highs in the u.s., the nasdaq and s&p 500 closing above 2900 for the first time but in asia, we are seeing the sentiment turn. just can't hang on to any sustained recovery rally. stephen: yeah, it was a two-minute story, wasn't it? the open, 120 seconds and here we are. session lows in hong kong. close to session lows on the chinese. it seems during the rallies, sentiment is still shaken. hopefully, it turns. lots of moving parts across currency markets. there is the brexit story, the nafta deal, the loonie story. is the nafta story helping e.m. at this point? maybe we need to rethink that thesis. sophie is here with indexes opening up. sophie: we have the regional benchmark seeing gains up .1%, but a mixed picture and we are seeing the yen gaining ground. thent to highlight kiwi-dollar back below 67 u.s. cents after the core dataset we got out of new zealand. home owning approvals fell the most in over three years. the aussie dollar, back below 73 after the miss in building data and falling home approvals. fell second qu

began this year but rising trade tensions could become an obstacle. the u.s. lawmakers are demanding answers from google over reports it is developing a sensitive version of it engine for china. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am haslinda amin. this is bloomberg. haidi: president trump has defended his use of tariffs, saying playing hardball is my thing. this follows china's decision to outline an additional $60 billion with retaliatory tariffs. let's get now to beijing. trump is claiming to have the upper hand on china. we have a flurry of data coming out this week in terms of trade numbers. that should give an indication whether it is right or not. china data,eek for and as you say president trump coming out over the weekend with this rally in ohio but also a series of tweets to underscore his view tariffs and the actions he has taken give the u.s. leverage, saying he thinks it will win certainly in the longer term and it will open up china's economy. he points to the impac

your weekly look at the world of business and economics what the first wave of u.s. iran sanctions means for iranians and companies doing business there also this week big oil and climate change what are the world's largest oil companies failing to reveal about the future of fossil fuels. plus the economic stakes in the saudi can of the spat. so a first round of u.s. economic sanctions on iran were slapped back into place this week they're being reimposed because u.s. president donald trump walked away from the twenty fifteen nuclear deal with iran a second round of u.s. sanctions targeting the country's oil and gas industry will hit in november we'll have a report from same bus ravi on what impact sanctions are have any inside iran in just a few moments but first practical hand reports from washington on what the u.s. wants to achieve by re-imposing penalties. the u.s. plan when it comes to iran hurt the economy hurt the people forced the government to agree to change much of its foreign policy the policy is not regime change but we definitely want to put maximum pressure on the g

against inflation and shortages and the economy is in for yet more shocks with the u.s. about to reimpose sanctions. and venezuelan president nicolas maduro says colombia works best whalen's living in the u.s. are behind the apparent drone assassination attempt both countries deny any involved . i'm brian thomas a very warm welcome to the show a deadly earthquake has struck the indonesian islands of long and bali officials are saying that ninety one people are now confirmed dead and thousands have been a back way to the seven point zero magnitude quake struck in the northern part of lombok on sunday evening officials say strong tremors damaged buildings across both islands and the after aftermath as authorities scrambling to help those hardest hit . injured people in hallways and i in the car park at this hospital in the resort island of bali medical teams are moving patients i cite fearing aftershocks. we are constructing emergency tents with the assistance from the disaster mitigation agency so that we can gather all patients out there. to visit them but we are also hoping that