Designating china as a currency manipulator opens the door to further penalties on top of the tariff hikes putting a deal between the 2 economic superpowers even further out of reach. For his part however the white houses economic adviser larry kudlow pointed to upcoming bilateral talks as a source of confidence. The door is open for additional negotiations. We are planning. For the chinese team to come here in september you know they are meeting. They have their. Leadership on clay for about 10 days i think its already been done you know come out of that to still be ahead of the september 1 terror of the lines and you know we hope to accomplish or we hope we can have some very positive results in the goshi ations thats an optimistic view of the president s office said. There were open to negotiations. Now that conciliatory sounding statement comes off the back of calls from elsewhere in the white house urging the Federal Reserve to protect the u. S. Economy from the trade war by cutting rates further our financial correspondent yes quarter joins us now yes how has the fed reacted to these developments what can we expect from domestic policy. Well there have been comments from James Bullards and he is the head of the Federal Reserve from san louis and he actually said that history has shown that its not a good idea or if you get directed by politics out of washington that actually could to worsen the Economic Situation and could pump up inflation in the long run he also said that its basically impossible and also not a good idea to react to those day to day comments so that we get about trade policies still and the statement from the Federal Reserve is pretty clear at this point im so far markets at least expect one more rate cut possibly in chembur but overall the Federal Reserve does not seem to really react to the trade tensions and to currency tensions at this point but weve also heard from some ghosts from the Federal Reserves past. Well fed chair seem to have a long and healthy life and there was an open letter in the wall street to join the phone from 4 former fed chairman paul volcker he actually was the fed chair under jimmy carter and reagan then old so Alan Greenspan burned bernanke and janet yellen they dont and they did not directly name us President Donald Trump but they said overall that its not a good idea either to really. Give react on politics from washington that this actually could worsen the situation so even if they did not name donald trump directly it was quite obvious where this letter was addressed to the posture of u. S. President donald trump has again and again criticized his fed chairman. Powell even after he and the Federal Reserve cut Interest Rates last week for the 1st time since the financial crisis that still was not good enough for u. S. President on from the fed chairs from the past weighing in on the present and carter there and wall street for us thank you Monetary Policy of course is just one front in the fight between the 2 countries that Chinese Companies are no longer buying Agricultural Products from the United States after a recent promise to buy more is quote a body blow thats according to an american farming organization. Its already been a difficult year for American Farmers exporting to china fruit nuts and dairy have all been hit with counterterrorists from beijing some of them multiple times take port it was hit twice last year with 25 percent tariffs its effective tax now in china 62 percent and while thats taken a bite out of pork producers income its been less than one might expect in the period between may and april the value of pork exports fell only 22 percent between the years ending 20182019 thats because china has been buying up large amounts of american pork due to the outbreak of african swine fever in the country the question now can the Worlds Largest port consumer suddenly turn off american pork exports a 1100000000. 00 market one likelihood is that european producers will make up the shortfall with their u. S. Counterparts then increasing their exports to europe. In other words the trade map is changing and thats why even if the u. S. China dispute is wrapped up in the near term something that looks increasingly unlikely the long term effects could be significant. As a major part of the fallout from the trade wars and best areas are flocking to hafe to safe havens like gold the price of gold on World Markets had a 6 year high of around 1004 175. 00 an ounce and india prices have reached a record. Indias gold traders have much to celebrate prices are soaring and still there doesnt seem to be a shortage of buyers the prices. But just because office 2. Gold isnt just an investment here people wear it in many festivals so the indian rupees recent tumble against the u. S. Dollar isnt helping and last month the government raise import taxes on gold to 12. 5 percent from 10 percent but market observers put most of the blame on the u. S. China trade war. Victim news. Because of. The u. S. War where. America has increased 10 percent on products that are coming from china so for now the only way for prices may be up. Now to some of the other business stories making news chinese tech giant is and talks to buy up to 20 percent of the worlds biggest music label universal is home to the Rolling Stones lady gaga and taylor swift french owners vivendi want to break into chinas growing but tightly controlled music market. Officials continue to sound the alarm over facebooks plan Cryptocurrency Libra in an open letter Global Regulators have asked facebook to clarify what practices will be used to protect personal information and to ensure a transaction histories would not be shared with 3rd parties without user consent the United Nations says the war in yemen is the worlds worst humanitarian crisis millions of people have been this place and are in need of aid and there is chronic unemployment and surging food prices our correspondent found the fish are reports from aden where yemenis are struggling. Fresh tuna used to be an essential food item in yemen before the war the gulf of aden is full of tuna but these days most people cannot afford it fisherman have to pay more for gasoline to go fishing so tuna prices are rising. There are many customers who are in debt for a lot of money i dont give credit to everyone but i give it to. Those who cant pay and. Peoples emotions over rising prices can easily boil over at the market. I swear to god i like it for 303 hours 2 pieces of fish to feed a family of 7. And she blames the government and thats what i have called the government is responsible for this not us and we are just ordinary people who are just waiting for change but nobody does anything but government officials live comfortably with their fancy houses and their money and the rest of the people die im telling you the truth but them hang me im not afraid i only fear the government is the one ignoring its people and that. Everyone here appears to agree. With the war in yemen in its 5th year people are fed up with chronic unemployment unpaid salaries a lack of security and a functioning government the currency is collapsing. As you can see the shelves. But there are hardly any cost them r. s no food imports and usually if youre late or block at the me. So whatever arrives here is quite expensive for the ordinary citizen ordinary yemeni people rising food prices have taken off poor on their daily life. Unreliable power supply makes keeping food fresh a challenge for supermarkets and with much fewer customers businesses are struggling just to keep their businesses running. Good order and. The 1st problem is that. How can we get our goods through the port its nothing new. Process at the port and the. Challenge for us. In the face of yemens president hardy can be seen on several billboards in aden the locals say hes on vacation but the president is actually in exile in the Saudi Arabian capital riyadh these men are selling petrol on the black market they want to benefit from the countrys failed economy but protests against the worsening economy are weakening as if people had lost the will to fight. Thank you for watching. It was a series of high pitched soccer action as it winds down the next exciting event is right around the corner. The German Bundesliga is heating up and as always were there to keep you updated with the latest on kick off the Food Industry just starting august 16th on the g. O. P. Im not laughing at the germans because sometimes i am but i said nothing with the. Money think i think into the general culture of. Newton seem to take his grandmother day ill go see it all out who know im rachel join me to meet the gem of a gulf coast. I was issued when i arrived here i slept with 6 people in a room. It was hard. I even got white hairs. Language and a lot. This keeps me and they go but you need to entrust lives the same you want to know their story since birth fighting and reliable information for margaret. This as news africa coming up on the show arrested without notice and now be tamed without Bill Thompson investigative journalist eric cobb and deborah is still behind bars one week after he was seized by the police to talk to the committee to protect journalists the boss his kids also coming up. What costs fashion cops do with an all inclusive society