the u.s. china trade relations and with impact on the asia pacific region. this is hosted by the global business dialer. one hour and a half. >> it's about as close to on time as we've ever done. good morning. good day. thank you all for coming. i'm with the global business dialer. it's a pleasure to welcome you here. to get to the heart of this program, in a minute, let's get a few thoughts first. it's named after the two face, look both ways, forwards and backwards. really though, is a better description of december then january. but december 31, you are seeing old done and worrying about next year but went january 2 comes around, just fully hard charging toward making the first quarter of 2019 as good as it can possibly be. that will be especially true in trade this year when we have a march deadline for the u.s. china talks, clint once and we have the looming deadline in 29th of march. it's december in which we get to pause for a moment. look both ways. hanukkah is just past, known as the

the u.s. is is famous for its for its hacking and cyber surveillance of every political system in the world i mean so this is this is getting really out of hand and it's starting to be i must say deeply embarrassed seen for the u.s. on international economic stage but i think it's really sad because we're supposed to be in the middle of a trade truce but instead of just using the ninety days to come to a better understanding what the u.s. is doing is almost you know every forty eight hours another propaganda blitz against china is kind of a rhetorical bombast we're getting on a daily basis is actually having a tremendous human cost and it's also a few i mean yes china is a rising economic power if you want to call it power but actually what it really means is that we can as a world community get to get richer and richer together and i think the u.s. needs to like come to terms with this and stop playing the bully on the playground with a. north korea has issued a stern warning to the u.s. sayi

u.s.-canada's -- u.s. cannabis retailer is planning to launch a at $2.1 of aphria million, a 46% premium. the canadian company sites share in two days halve when short-sellers alleged it -- wrongdoing.s nejra: think you so much. oil has continued on its roller coaster ride with volatility soaring on uncertainty output cuts by opec and its allies will be enough to counter u.s. production. crude is set for its biggest quarterly loss since 2014 after reaching a four-year high in early october. kallum pickering, senior economist at berenberg, is still with us. is oil oversold and due for a bounce? >> i am an economist. the cheap oil price is best for consumers. for markets we tend to focus on concentrated costs the oil producers, which i minority -- a minority. but the low oil price is a boon for real incomes, for consumers. remember the story in 2015 when the oil price came down, it brought the market with it. but it was the cheap oil which give consumers the boost in 2016 which really started the global upsw

the u.s. p.r. wise guys or and because all of his advisors have debt and they lie has or says he wants more tariffs again china and says that trade war should be evaded and then you have peter navarro who is a trade advisor he says that be careful how deal so ultimately who decides what to do well as i say that i think that's why they appointed allies hisor i think for the chinese it's been very troubling because historically on our china policy there's been somebody in charge so the chinese know who to go to for example in the bush administration there was treasury secretary paulson so and we had a pretty good way of managing these issues in the ministration no one's in charge and there's several different voices with different policies and strong very difficult for the chinese with a first they made a deal with commerce secretary ross and then. vetoed it then they made the treasury deal with our treasury secretary and from veto that so from the chinese perspective it's like what do we have to do

not just try but u.s. policymakers would fear is make their foreign policy a lot more independent of the u.s. so we are already moving in that direction just because of trump's anti. multilateralism anti you know j.c. pos all those issues but it would make the the europeans i think feel that they can set their own policies without necessarily reference to the u.s. why does it bother trump so much then why isn't he thrilled about the european r.b.a. we having that would surely take loads of american military shoulders and isn't that what he wanted in the first place. for a lot of even trump. foreign policy elite. any sort of talk of a european army appears to them as a threat to nato. there was a whole argument in the one nine hundred ninety s. when they european union with maastricht and others began to talk about a foreign policy european foreign policy or free and defense policy and people in washington reacted very strongly because the worry is that. europeans would to get together without the us make s

u.s. session. they question is what -- big question is whether the review is coming from the dollar. we talked about the losses in equity markets. bloomberg dollar index is heading for its worst week in 10 months, biggest drop yesterday in seven weeks. a touch of strength against the yen, but gaining for the first time in six sessions. .8%, bouncing back, up below $47 of wti, but a loss of 9%, so we are heading for a weekly loss. in terms of european equities, the cash market open in europe is in two hours time. we could see a red end to the week. let's check on the market in asia. juliette saly has more. you.to see markets still struggling to climb a wall of worry. juliette: yes, where is that santa claus rally? not here. butmore trading sessions, we are on track for the worst december in history and second-worst month of 2018. japanese stocks extending into bear market, msci pacific index poised for its lowest close in months. we are seeing weakness across the board today, these renewed

the u.s. china trade war seems to verdict for the time being but will the truce last while i ask robert manning former advisor to the us government and a participant of the twenty eight hundred international conference. as the global trade between the u.s. and china is pushed on hoped the parties stay poised for the next round in talks with the site showing any real desire for major concessions what will the washington beijing standoff leads to world powers how will it continue to trade conflict between economic giants impact on the rest of the world and chemical. planning great to have you with us on this program and our pleasure right so after the g. twenty summit president an incredible deal with china has been made now the chinese they announced rolling back some tariffs and they're being ready for another round of talks but they're not giving any specific details out do you think the deal is really that incredible. despite the fact that it might be true. and i think that this was worked o

hello the u.s. president donald trump has arrived in germany to visit american troops on his way back from an unannounced visit to iraq the iran. trip followed growing criticism of trump's failure as a visit american troops in combat zones his brief visit lasted only around three hours a trump used that to thank the troops and defend his decision to pull out of syria but would raise some eyebrows was trumped not meeting anyone from the iraq in leadership or brunell's reports from washington d.c. . president donald trump got a warm welcome from u.s. troops during his brief visit to iraq. we came to al assad to share our eternal gratitude for everything you do to keep america safe strong and free. accompanied by first lady maloney a trump the president shook hands with service members at an air base one hundred sixty kilometers from baghdad he posed for selfies and signed autographs including one on a make america great again campaign camp he bragged about the defeat of eisel on his watch two years ag

a u.s. sponsored draft resolution that would have condemned the palestinian group hamas has failed to pass in the un general assembly and measure failed to win the required two thirds majority. the last migrant rescue ship operating off the coast of libya is ending its operations aquarius which saved thousands of migrants from drowning lost its registration in september doctors without borders the charity that operates the boat says a smear campaign by european governments has forced it to stop its rescue missions . all right those were the headlines the news continues here on al-jazeera of the inside story that's watching. a critical moment for donald trump and his relationship with the saudi crown prince u.s. senators blaine mohamed bin found money for the murder of journalist jamal khashoggi but can they force their president to drop his defense of the saudi royal this is inside story. hello and welcome to the program i'm martine dennis six senior u.s. senators from across party lines hav

all u.s. aid on the continent will advance u.s. interests and help africa nations move toward self-reliance. our first priority, enhancing u.s. economic ties with the region, is not only essential to improving opportunities for american workers and businesses, but it's also vital to safe guarding the economic independence of african states and protecting u.s. national security interests. great power competitors, namely china and russia, are rapidly expanding their financial and political influence across africa. they are deliberately and aggressively targeting their investments in the region to gain a competitive advantage over the united states. from 2016 to '17, china's foreign direct investment toward africa totaled $6.4 billion. over the past several years, china has devoted considerable state directed and state supported financing to projects in the region. china uses bribes, opec agreements, and the strategic use of debt to hold states in africa captive to beijing's wishes and demands. it's investment ventures are riddled wit

u.s. says it's warplanes have killed more than sixty al shabaab fighters in somalia. and more breaks is uncertainty in the u.k. as the opposition labor party calls for a no confidence vote on prime minister. a un brokered ceasefire has come into effect in the yemeni city of her data but reports say sporadic fighting is still taking place in the embattled port the fighting pits saudi and u.a.e. backed government forces against truthy rebels in the area the warring sides had agreed on a truce during political talks held in sweden last week international observers are expected to arrive to monitor the cease fire how data is critical for the supply of food and aid for millions of yemenis on the brink of starvation and there are many challenges on the ground for those international observers as our diplomatic editor james bay explains from the united nations. the u.n. security council has started work drawing up a draft resolution that would indorse what was agreed in stockholm last week and gi

and that the u.s. was therefore going to allow the british to do what they pleased in their area of special interest. the israelis also thought that the u.s. would do nothing because this of course was during an election year. and the israelis in november 1956, as eisenhower was competing for reelection, were certain that the americans would not cross israel. so all of this added to the debacle. but let me add, eisenhower saved britain, france, and israel from a far far worse fate. because if nasser had been overthrown or killed what would have happened? the era of occupying egypt and Ãin the middle east had been long gone. it would become a naughtiest as with syria at the moment which had been spoken of the holy mass. in the americans well knew that would've been a far worse outcome. the nihilism would've swept who knew where. >> i found startling in your talk. one of the things talking about britain being an economic, powerhouse? or what the phrase used. >> productivity. >> my image of britain in th

and the u.s. i'm told it even went to the office of the foreign secretary and the secretary of state one of the things that come out of the original draft resolution drawn up by the u.k. is the provision of accountability for crimes under international humanitarian law that something that would have targeted the saudi led coalition it seems the u.s. has been doing the coalition's bidding and got that section removed. the government forces and who is a blaming each other for violating the cease fire in data government forces released this video showing displaced yemenis after they say three fights a shelby government help district of. however whose he's accused government forces of targeting the city's al shaab district with artillery shells data for is critical for the supply of food and humanitarian aid for millions of yemenis who've been on the brink of starvation let's get more on that for you joining us here on the. associate research for the london middle east institute she's also the author

u.s.-made goods. treasury secretary steve mnuchin today called this a good deal for the coun >> thereas clearly a very genuine offer from president xi to president trump to make sure that they opened up their markets to u.s. companies. this will be the biggest single opportunity for economic growth for u.s. companies and u.s. workers. so i think this is big difference. >> so what should investors expect in the days and weeks ahead? well, mike santoli starts us off tonight. >> stocks are clinging to slim gas after rallying on new clarity. so some are reaching bk a quarter of a centu to make their case for a strong 2019. several strategists parallels between now and the year 1994. both years saw stock indexes mostly range bound despite strong corporate earnings growth as the fed lifted rates aggressively to head off inflation. there was even a retaking of the house by the oppositio party to a first term president in 1994. this comparison isppealing to bullish investors because once the fed signalled in

the u.s., canada and mexico. secretary pompeo: thank you for being here. secretary mattis and i are pleased to welcome our canadian counterparts to washington. welcome. and it is myt day, honor to host the state department to plus two strategic dialogue. plus twodepartment two strategic dialogue. we have achieved a lot together. comes after the historic signing of the united states, canada, mexico agreement. i want to thank you for your efforts to make this happen. a modernizes nafta to address 21st century economy, opportunities for u.s. farmers and manufacturers and reduce trade barriers. the four of us discussed how we can build off this, take this achievement and make progress on a world wide range of issues. we discussed joint efforts to ensure north america is protected by our militaries in close cooperation with one another. we discussed bilateral cooperation to promote security by countering property transfers , intellectual property theft and other attempts to acquire technology. this

we had seen u.s. stocks a little on friday as we saw a softer than expected u.s. jobs data, but we got more hawkish commentary. take a look at what wti has done for the week. we saw it gain more than 2% in the last trading session as we got opec plus to agree to a cut of more than one million barrels a day. let's see how things are looking for asia. a bit of weekend news for investors to divest. lose we saw stocks in asia 1.5% last week we are set for further declines this monday. futures down across the board. stocks in wellington off by 4/10 of a percent. we got data this morning from new zealand. manufacturing volume sliding while sales picked up 2% on a quarterly basis. besides the slowdown in china's exports and developments around the arrest, today we are waiting for on the radar the potential indictment of carlos ghosn. and apple suppliers will be in the hot seat once again. this, as japan reportedly is the latest to cut production on slowing demand. softbank, a big one to watch. --ping an ion china's today, japan will post its final read on gdp and wider c

. >>> u.s. defense secretary jim mattis has resigned citing a growing divide with president trump over u.s. foreign policy accused trump of failing to value the u.s.'s allies in the middle east as the president begins to pull thousands of troops from the besieged region. white house officials insist they did not force mattis to resign. >>> coming up on the show, uk retail sales beat expectations as shoppers race to snap up black friday sales more after the break >>> i want to leave you with pictures of some of london zoo's star attractions getting into the christmas spirit stockings filled with hay were some of the treats offered to the animals on a balmy december day. we added our own snow. be pla we freely share our science to help find cures and save kids with cancer everywhere. and no family pays st. jude for anything... because all a family should worry about is helping their child live. donate now at stjude.org or shop wherever you see the st. jude logo. >>> welcome back to the show a bump

the u.s. is a period but the u.s. would not claim that it doesn't differ from prior administrations. it is not acting, it doesn't say we are the guarantor of the system. don't worry about a thing. none of you have to do anything else. we will take on the burden, we will try the process, we will come up with a trade initiative. not so. what is needed is collective responsibility, collective leadership. and it is beginning to happen in ottawa, and october, 12 countries and the canadians met to talk about how to make the system better. it is beginning to happen, and it is what is actually essential. if the u.s. is changing how it approaches the wto, it has to be the others who come forward to think about how they might help make the system work. and they are doing it. it's at the beginning stages. and in my view again they have to make a net positive contribution. policy space. when i travel on behalf of the wto and a visit with governments, i i make it a poit to speak to students in universities who are international sp

they were all resettled by the u.s.. at that time, u.s. resettlement of refugees was terrible. cambodians and other southeast asians were essentially abandoned in neighborhoods across the u.s. they were ignored, under resourced, left to fend for themselves. as a result of terrifying childhood growing up in these areas -- for example, one client even mentioned to me that when he was young, his dad would put him and his two sisters in the bathtub. he would tell them it was just a game they would play. it was really to avoid all of the drive-by shootings that would happen in the night. after childhoods in these temperaments, a lot of people basically were arrested in the streets, tag as gang members unfairly. after serving their sentences, ice would try to support them. came many of these folks here as children. essentially, this is the only country that they have known, dreamers, many of the latin american youth that are here. they don't know the country their being deported to, right? >> that's right. almost all of the client of spoken to come at this point we have spoken to hun

the u.s. president donald trump has tweeted his agreement with remarks made by china expressing optimism that a trade deal between beijing and washington is achievable in ninety days. without georgia in the next ninety days chime in the united states will carry out because she shows on important issues relating to each state's concerns and make an effort to reach a consensus with the ultimate goal of removing all the increased tariffs this will be done in accordance with the principles of mutual respect equality and mutual benefit. well these positive remarks do come in with the arrest of the chief financial officer and daughter to the founder of the chinese smart thing john canada she's now facing extradition to the u.s. over an alleged violation of sanctions on iran china is demanding the immediate release of the c.f.o. and called her detention a violation of human rights is more the case for there was a sigh of relief when the u.s. president and his chinese counterpart agreed to a temporary

u.s. controlled and u.s. led regime change is over as well the old politics of american while imperialism as it's called as it was called to establish. regimes and governments that are friendly. constitution or friendly is also over that's the second the aspect in fact of this historical decision and connect to that is the transition to a multi-polar world why because the united states is not able this is acknowledged by their president is not able to really change on its own so who leads the probe the political process here in syria and in the middle east right now it's a trio of russia iran and turkey and of course the main weight in this trio. it's for actors there actually is this union government and the syrian people so that is a political process that is led by different actors and the united states is not one of them anymore so this is a transition therefore to a multi-polar world where other countries in the united states among them so corporate that their mind their future how does this now affect t

the u.s. congress has criticized the cooperation deal between the associated press. saying. for propaganda. that seeks a second meeting with kim jong un the us. to pay a billion dollars in damages to the family of a student after being released from north korean custody. just moments after ten am on wednesday december the twenty six here in a very snowy moscow let's get into your top stories for this hour. the u.s. defense secretary spent his christmas are working at the pentagon even after donald trump's abrupt decision to remove him from office two months earlier than he had planned to resign james mattis wrote this holiday letter to american soldiers. in this won't a washington change you hold the line stormed it because of you you'll fellow citizens live safe at home james mattis resigned last week after the u.s. president announced his decision to withdraw troops from syria he also advised donald trump to keep troops in afghanistan opposing the idea of using private contractors in war the

as the u.s. pursues a whole of society response to this threat, we must address the vulnerabilities within our system while preserving our values in the open, free, and fair principles that have made us thrive. what hangs in the balance is not just the future of the united states but the future of the world. thank you. >> thank you all very much for keeping within the time limit. we will have five rounds of questions. i will start with something that was addressed but maybe you could be more definitive. on november 1, 2018, doj announced a special initiative to counter the threat of chinese espionage activity. you are the leader on that which ,alls for recommending policies proposals to congress is necessary. the departments china initiative improves the ability to respond to these nontraditional chinese threats? >> thank you, senator. this is anrway, initiative announced by the former attorney general but it continues at full speed. this, first, whenever the attorney general gets up and says thi

u.s. politicians are reacting to president trump's decision to withdraw all american forces from syria now in a tweet mr trump declared victory over i saw the armed group that once controlled vast areas of syria and iraq but is now confined to small pockets the drawdown of an estimated two thousand troops is expected within sixty to one hundred days the u.s. defense secretary jim mattis had pushed for american soldiers to prevent eyesore. maria much of and several prominent republican senators are opposing mr trump's decision the news of the pullout follows turkey's president rushed up time threatening a new offensive against u.s. backed kurdish forces the syrian democratic forces in man beach and are calling for demonstrations against the trump decision from washington assoc o'hagan begins our coverage with this report it's a massive move that will dramatically change the landscape of the war in syria and one not many saw coming the u.s. president tweeting out that isis has been defeated

the u.s. president says major progress is being made towards ending his government's trade war with china donald trump and china's xi jinping confirmed they spoke it over the phone about resolving their differences washington and beijing began imposing a series of tit for tat tariffs earlier this year after trump complained china had failed to address a trade imbalance between the two nations. have a chance he has more from washington d.c. very optimistic and positive indications from both donald trump and chinese media first that was donald trump's tweet which said just had a long and very good call with president xi of china a deal is moving along very well if made it will be very comprehensive covering all subject areas and points of dispute big progress being made exclamation mark and chinese media confirming about phone call took place chinese media said president xi said he hopes to push forward a sign a u.s. relationship that is coordinated cooperative and stable and he said that he hop

he also oversaw the u.s. involvement in iraq in the first gulf war something that the u.s. preoccupation with iraq has continued really to this day both physically and politically so a lot on the international scene that is part of his legacy. just briefly he also came in for some criticism while he was president if you don't. absolutely will while he was a mostly known for his international work it was really his domestic agenda that brought him down as you mentioned he only served one term one of the few modern presidents has only served one term and it was because he was from a very. wealthy family and he was seen as somewhat out of touch with average americans and it was that sort of distance from the average american to him him coming from this tony in so far as america has nobility and noble family that evidently brought him down and was the subject of much criticism during and somewhat after his presidency ok my schweder in washington thank you so much for that. reaction continues to come in from around the world let's take a look back at the life and legacy of georg

the u.s. federal bureau of investigation says it is looking into a massive cyber attack that rattled the world's largest hotel group marriott the personal data of up to half billion guests may have been compromised and they hack off the reservation base of marriott's starwood division for the large majority of the people affected these stolen data includes some combination of name address phone number email passport number as well as details of their state or out says it was alerted on september eighth that there have been an attempted attack and subsequent probe showed that there have been an authorized access to the database as far back as twenty fourteen. for more on the story let's bring in our man on wall street always stay out o. jose luis this incident is among the biggest corporate hacks in history i'm sure it left its mark on investors as well. exactly since we are talking as you pointed out of one of the largest reported breaches of personal information in history along with the yaho

me from you so she's sure to see that the u.s. side is making groundless accusations against china on cyber security by fabricating facts and making up a story out of fin area than the u.s. is charging two chinese in the name of so-called cyber theft this move seriously harms china u.s. cooperation and is in essence extremely nasty but the u.s. is not alone australia britain and new zealand also say they were targeted in what they called a global campaign of intellectual property theft as evidence by this investigation the threats we face have never been more severe or more pervasive or more potentially damaging to our national security and no country poses a broader more severe long term threat to our nation's economy and cyber infrastructure and china. the alleged chinese hackers have been indicted although they're not in the u.s. a move that will only worsen the sour relations between washington and beijing. now if scallops are going to be a part of your holiday feast there's a good chance that's thanks to a couple of fisherman

a u.s. sponsored draft resolution that would have condemned the palestinian group hamas has failed to pass of the u.n. general assembly and measure failed to win the required two thirds majority. the last migrant rescue ship operating off the coast of libya is ending its operation aquarius which saved thousands of migrants from drowning lost its registration in september doctors without borders the charity that operates the boat says a smear campaign by european governments has forced it to stop its rescue missions . all right those were the headlines the news continues here on al-jazeera after inside story that you're going to watch. a critical moment for donald trump and his relationship with the saudi crown prince u.s. senators blaine mohammed bin sound man for the murder of john this jamal khashoggi but can they force their president to drop his defense of the saudi role and this is inside story. hello and welcome to the program my mouth seen dennis six senior u.s. senate is from across

right now the u.s. is in this virtuous cycle of recovering from being the highest corporate tax place on earth. capital spending is up 7.5% so far this year. manufacturing jobs are up 450,000 since the president took office after dropping a couple hundred thousands from the previous president. those manufacturing workers and that 7.5% capital spending we're seeing they're going to produce output. it there's a heck of a lot of momentum going into next year. given the normal relationship between capital spending and output we should see another 3% year last year, the u.s. >> you talk about forecasts for visions in germany and outside of the u.s. you're wrapping up the white house forecasts for next year that will go into the economic report of the president, budget, what's the forecast for next year? what do you see on growth, unemployment, inflation? >> so as cea chair one of your jobs is to be the chair of the troika. we had the troika meeting a few weeks ago to finalize the forecast for next year. it's

and while u.s. authorities have not revealed the motives behind the arrest there are reports that the company is suspected of potential violations of u.s. sanctions against iran the response from beijing has been stern. demanded explanation for the detention the person's immediate release detention without providing any explanation violates the human rights of the detainee. rewinds to less than a week ago trumpet claims that a trade deal was in the works and that relations had taken a big leap forward but that was followed by a tweet insisting that if an agreement wasn't reached it's important to remember he's a tariff man it's a rollercoaster not just for emotions but for the markets too even the white house is top economic advisor can't help but exacerbate all the uncertainty i think it's coming. out already told us what give us some details well it hasn't been signed and sealed and delivered yet and adding to all the confusion is the proposal of this ninety day truce that period this supposed to

the u.s. congress has expressed concern over a new cooperation deal between the associated press and chinese news agency xinhua it's worried china might exploit the american outlook as an instrument of propaganda a correspondent dan off explains the u.s. government is on red alert this time quite literally after the a.p. news agency signed a memorandum of understanding with chinese counterparts in who are the letter lawmakers sent to the boss of associated press explains that since who are journalists are well basically all spies and shouldn't be dealt with at all. singh who are serve some of the functions of an intelligence agency by gathering information and producing classified reports for the chinese leadership on both domestic and international events the congressmen and women who signed the letter seem to be a bit out of the loop though because here's a newsflash a.p. and seeing who are have been partners since nineteen seventy two this memorandum is something of an official pinky promis

the u.s. policy response should be been it's, i think, appropriate and fitting and very useful to have him finish up our panel discussion. then, we will turn it over to the audience and take some questions and it's, i think, ape and fitting and very useful to have hopefully have a good conversation here on the topic. that, we turn it to jeff to get us started. thank you. heritage forto hosting this event. thank you to the panelists for coming out today and thank you for all those in the audience that are interested in this event and all those watching from home. maybe the headline for my remarks is that the ri has a problem at the moment. just a few tidbits of news help highlight and underscore that .eality they worked to scrub or remove any positive mention of the belt road initiative from any u.n. resolutions. there were, as of last year, three separate u.n. resolutions that is some way offered a degree of praise. these three groups work together last december to have the bri removed from tw

the u.s. holocaust museum too has long argued that genocide has been committed and join the law group in calling for immediate action to establish accountability in addition insisting on the need for direct action to be taken to curb myanmar's military the knowledge and to anyone. it is important that like u.s. government and other e.u. countries and international community must qualitative action to intervene to stop these generals and the state department continues to use the term ethnic cleansing the reason once a jew says the word genocide the u.s. is campoli in terms of international law to take immediate action that of action despite months of debate this is something that trump administration is clearly unwilling to do an earlier report by un investigators also came to the conclusion that myanmar's military was guilty of genocide but under the threat of russian and chinese veto the security council has today taken no action to impose punitive sanctions or even refer the findings to the

caroline: in the u.s., steve mnuchin is announcing the u.s. and china are set to negotiate a broader truce in meetings next month. for more, let's bring in shery ahn. let's talk about the tit-for-tat going on. president xi, know all the branch has been extended to the u.s.. shery: we saw some concessions in the week when they decided to buy u.s. soybeans and potentially coin and reducing tariffs -- corn and reducing tariffs on u.s. make cars. when it comes to the speech, they're really not providing any concessions. tone whenat defiant it comes to sticking to their ,olicy, which is the reason why a couple of weeks ago and we talked about delaying the -- there was nothing in particular aimed at stimulus or anything like that. anything to give short-term investors comfort about a change of plans? shery: it wasn't surprising because these economic conferences every year, they are just priorities laid out. we party heard from the pboc governor talking about supporting the economy just last week. untilg really happens there's a legislative meeting

the u.s. fighters try every day to attack our units and recapture the villages but we are pushing back with all we have. the american backed s.d.f. is now facing a potential enemy on another front. victory over the i.r.s. in the euphrates valley is within reach. but now turkey is threatening to march into kurdish controlled areas on its southern border ankara sees the kurdish fighters as terrorists. these threats help yes precisely now when we're making gains in the fight for her turkey threatens an offensive in northern syria. and that's bad news for the people still in the i ask control not everyone has been able to flee thousands are still trapped in the last pocket of i asked territory. i want to bring in correspondent and she is tracking these fast moving developments for us from beirut good evening to you so let's start there with with what the u.s. president claimed today that islamic state is now finished and we see right there the flight four hundred can continues is that then at the

the withdrawal of u.s. troops is also called the other nations involved in the coalition offguard britain for its part said it continued to view i asked as a threat. and britain is not alone friends too is convinced that the job of fighting i.s.i. is not finished here's what french defense minister flaunts polly had to say on twitter she acknowledged that islamic state are weaker than ever that they've gone into hiding and are fighting is insurgents islamic state of lost more than ninety percent of their territory she says they don't have the logistics they once had but she continues islamic state have not been obliterated nor have the roots we must defeat the last pockets of this terrorist organization with military force. so that's the view from paris let's go over to brussels now or d.w. is teri schultz is standing by terry any other reaction from european governments. yes well the other government that has troops in syria the u.k. also very much disagrees with president trump's decision we've seen the u

is the latest leader of a u.s. tech giant to face a grilling by members of the u.s. congress they're concerned about how the company collects data and some politicians accuse it of bias in its search services. also on the program the chinese and americans are talking trade again and there's talk beijing is making the first moving cooling down the trade war between the world's top two economies. and could wreck to put an end to london's booming restaurant scene britain faces a culinary challenge without all its new cooks. it's time for business on the w. and how you got to get us it's good to have you with us google is the latest u.s. tech giant to face a congressional grilling google c.e.o. who's on the beach i took questions from the house judiciary committee on tuesday they're presented if asked about how google collects data and whether it is politically biased in its search their fists they also want to know how the company prevents foreign meddling in the u.s. elections the hearing comes as google is under fire for a massive data breach that affect that a half m

the u.s. president seems determined to keep u.s. troops in iraq. but his visit last in just three hours on wednesday night to al asad airbase one hundred thirty kilometers west of baghdad provoked a strong reaction from some iraqi politicians and had to do. i think it is shameful for the iraqi prime minister to accept the u.s. president's invitation to go to the u.s. after his mockery of iraqi politicians and the iraqi government he entered iraq surreptitiously without any coordination and no respect for iraq's sovereignty i spent three hours celebration with soldiers if you to achieved a great victory in fact this visit is considered to feel rather than a victory. there are five thousand two hundred u.s. troops currently in iraq a lot less than the invasion sent to remove saddam hussein in two thousand and three more recently reinforcements were sent to help iraqi government forces defeat eisel fighters who seized large areas of territory iraqi commanders declared a victory over a year ago but pockets of fight still remain despite his long flight

the u.s. from some very low levels. that was led by the nasdaq. another one of those days, if you just saw the close you would think it was a boring day for the rest that market, but indeed there was considerable volatility. we came off of some very deep lows for the s&p 500 and dow to finish higher and the nasdaq to finish up three quarters of a percent. shery: i think the last couple of sessions we said the closing numbers were super boring, but if you go inside the trading session, it was nailbiting throughout the process. so how much of that is because of year and liquidity playing a part? -- end liquidity playing a part? david: there is some is going on right now. right now, a lot of investors theyrying to determine, are taking a look at what is the new economic reality. we had just a couple months ago, we had a major wire house and economists that were forecasting four or even five rate hikes by the federal reserve next year. now, we are talking about only one or no rate hikes at all in

if the u.s. were to fully pull out of afghanistan, i think that will lead immediately to the collapse of the afghan army that the u.s. has been training for almost two decades. again, these are very significant decisions with real consequences. the president is asserting himself. he can argue he was elected to do this in his in charge. the vast majority of the foreign policy and national security establishment in would see another way out on this. kathleen: these are just getting started. thank you very much for joining us from washington from our bloomberg news came. now we are covering a headline from "the wall street journal." aides are setting up a trump-powell meeting. it was believed that he was getting ready to fire the fed chair. subsequently, steve mnuchin, mick mulvaney, seemed to be chief of staff said, no, no, no, he knows he cannot fire jay powell. will have plenty more discussion -- we will have plenty more discussion. ahead, cryptocurrency -- can this rule just be growing pains? us

james mattis quits as u.s. defense secretary his protest resignation coming off the donald trump announced troops from syria is also said to be planning to pull u.s. forces will understand so it's not going who will now try and control an unpredictable president this isn't just. hello and welcome to the program. it was seen as a measure of calm and stability in a white house swirling with chaos and unpredictability now james mattis has resigned as u.s. secretary of defense over a serious foreign policy differences with donald trump his departure comes as the president ordered a withdrawal of u.s. forces in syria and suggestions he'll pull thousands out of afghanistan too in his resignation letter to said he believes in treating allies with respect trumps announcement certainly took the u.s. his friends by surprise and left many wondering if the u.s. is a dependable ally we have lots to talk about with our guests in a moment but first mike hanna has this report from washington d.c. . like you here is the real de

u.s. military. >>> plus, wall street whiplash. after taking a beating on christmas eve, u.s. stocks rebound with their biggest point gain in history. >>> and tragedy near the border calls for an investigation after a second migrant child dies in u.s. custody. >>> u.s. president donald trump is onboard air force one at this hour, after doing something he has never done before. for the first time in his presidency, mr. trump visited a war zone. for some three hours, the commander in chief was on the ground in iraq. there, he visited troops and military leaders and defended pulling out of syria, saying the u.s. can't continue to be the world's policeman. and he said he came to share the country's gratitude for, among other things, everything the troops do to keep america safe, strong and free. >> the other reason i'm here today is to personally thank you and every service member throughout this region for the near-elimination of the isis territorial caliphate in iraq and in syria. two years a

the u.s. government has partially shut down after lawmakers missed a deadline for proving a spending bill now president donald trump and congress could not agree on the five billion dollar bill for a border war between the u.s. and mexico the democrats say there are more effective solutions to border security but trump refused to sign a bipartisan stopgap bill to avert the shutdown. it was one of donald trump's most divisive election promises a wall running the three thousand kilometer length of the border between the u.s. and mexico to keep illegal migrants out of america trump still insists the wall is needed to counter drug smuggling human trafficking and gang violence. our great country must have border security we don't want people coming in that aren't supposed to be here the only thing that's going to stop that is great border security with a war or a slat beds or whatever you want to call it but we need a great barrier on his twitter feed trump says the fortification would be totally e

the u.s. and china have agreed to hold off on new trade tariffs on each other after a working dinner between donald trump and she jinping on the sidelines of the g. twenty summit chinese media say the two presidents decided not to impose tariffs after january first when the u.s. was planning another two hundred billion dollars worth of levies the white house has called it a highly successful meeting shortly we'll speak to edge in brown in beijing but first you see a new human joins us from venice aires you see it this g. twenty was very much overshadowed by the jima and tensions between russia and ukraine but now it seems there were also productive trade talks between trump and she jinping tell us more. well yes the sayed least on the surface it sounds like good news but you have to look at the fine print in fact you don't even have to go too far additionally the the white house is praising the whole thing president called it an amazing deal or a breakthrough what it calls for however is basic

president donald trump says a u.s. china trade deal could happen rather soon he says baby is back tracking on auto tariffs shows it's hurting economically. our heartbreaks it is withering away the hopes of dutch flower growers. billionaire richard branson wants to make billions more with space tourism. and benefits all in let's do business beijing is backing down again somewhat it's a spending additional tariffs on american made cars and it's confirmed its first big purchase of u.s. soybeans since this whole trade war broke out the chinese finance ministry says it hopes china and the united states can speed up negotiations to remove all additional tariffs on each other's goods. chinese consumers will soon be able to afford cars from the u.s. again. beijing is reducing current import duties on u.s. vehicles from forty to fifteen percent tariffs will also disappear for a number of other u.s. products the regulations apply to the first three months of two thousand nine hundred one time agricultural products energy automob

hoping the u.s. will recognize their bids for asylum and that trying to make the best of a bad situation but there's also growing discontent at the group that organized the caravan from central american countries. like a christmas party for migrants stranded in tijuana a sign of generosity from cooks and volunteers in the mexican refugee camp. that it's hard to be so far from your family but this gesture of warmth and humanity helps people feel that they are welcome to guests and you know these migrants risked their lives to get to the u.s. but now that they're in tijuana they have to stay and wait until their asylum papers have been approved across the border this is the new agreement between the two countries advocates for the migrants criticize the approach. mexico was the most difficult part of the migration route to the border to the u.s. can be crossed in one or two days but in mexico they were on the road for thirty days and experienced violence kidnapping robbery and use. reducing the violenc

u.s. defense secretary jim maddest resigns of protest over trump's for broke troops pull out from syria it's letter of resignation a stunning rebuke to the president's policies and treatment of our lives and in the world just like that dortmund's and glove box because the last match take the head of the christmas break. and dirt bags are all ready it best to emerge and deep down some supporters joined in a single line at the stadium or look ahead to tonight's top at the top clash. with morning. yeah but. don't let her walk a welcome to the show everyone standish police have arrested at least eleven protesters during clashes in barcelona spanish media is reporting dozens of people have been injured in the violence the clashes broke out at a demonstration. organized by radical separatist groups were protesting a meeting of the spanish cabinet being held in the regional capital demonstrators have been trying to block word since early this morning but the cabinet meeting chaired by prime minis

i think for the u.s., what the u.s. might want to consider is proportionality of its reaction to china's problematic behaviors. china's policies have a lost problems. i think the chinese know that. there are also debates in china about what is the best strategy moving forward and i think it's also understandable that in u.s. society there has been accumulated grievance about china failing to fulfill their commitment, or failing to meet the international norms. but does that warrant a cold war? is that really the best answer that we can come up with? i do believe that where china has problematic behaviors, a more stringent reaction is warranted but does that mean that we are going to change how we define this relationship as throwing the baby out with the bath water? that seems to be the question the u.s. needs to answer. a question for china to answer is really, what is the best strategy, what kind of power china really aspires to be. i was thinking this analogy when we were talking about the missionary mission and i wa

thisis is music to the ears o of u.s. soybean farmers. china has been one of the u.s.'s most important agricultural customers. farmers held on to their crops. now traded blossoming again since china started importing soybeans. chinese consumers welcome the move. >> soybeans are one of the most important products that china imports from the u.s.. there is a big domestic demand. reporter: the trade dispute has weighed on china's growth, as the latest figures show. in november, retail and industrial production fell well short of expectations. the new economic cease-fire between the world's two largest economies gives both sides the opportunity to find additional win-win solutions. javier: earlier we talked to our financial correspondent in frankfurt and asked her if we have this good news, why aren't markets rejoicing at -- yet? annette: that is just a tiny fraction of what they used to buy. it is a symbolic move by china. it is a no means by the end of the trade dispute. that will determine whether the stock markets will change track again. a lot of the worries weighing o