After trade representatives representatives from the 2 countries spoke on the phone shares of Tech Companies and retailers jumped on news however the 10 percent tariff will go ahead as planned for many other items on september 1st. And lets check in with our financial correspondent in new york Jose Luis A Haro jose nice to see you markets really jumped on this news today does that mean investors really believe that this could lead to something lasting a long term agreements. Sadly nod stephen but im disappointed any move that does not imply increasing tensions between the u. S. And china is enough to cheer investors markets. As a blink from bad to Trump Administration trying to deescalate somehow the Current Situation which has a spill into all the way we have such as currencies than and the nation by the us treasury of china as a currency manipulator for example while the conversations between both countries are still conducted over defoe no need to steal not period negotiations will finally negotiators actually will finally meet face to face in washington next september for now the recent compromise and for another phone conversation in the next 2 weeks and meanwhile President Trump said that the conversation was so productive then again implied that china my now might be more i would call for a product from the usa but so far beijing has not being back in this regard so we investors are just too cautious and nod to expecting a big deal any time soon those they want to ask you something about what trump had to say about this de lay lets take a listen real quick. But. I. Dont know if you could make that out over the helicopter noise but trump was insisting there that tariffs at this point have not heard consumers but that the recent decision was made to help consumers so which is it are tariffs hurting consumers or are they not hurting them. Group stephen is a strong consumption its what its currently sustaining the u. S. Economy and somehow letting bottle hes trade war with china better as we head into the Holiday Season it is obvious that the us president cannot risk applying it to some of the most popular products some on usa consumers are already affecting prices a with inflation searching 3 tenths of opera cent in july and without the delay in the 10 percent duty on certain products many retailers wouldnt have had enough time to order inventories in advance of the Holiday Season to avoid the new charges have been either to absorb the cost or to consumer so was my. I dont hunt consumers retailers have believe they do and as for now it seems the us president is trying to avoid a nightmare before christmas so her it was a lose the hero there in new york for us thank you. And over to hong kong now where the clashes between protesters and police have continued to rob markets disrupting hundreds of flights this week at the citys airport the travel hub reportedly contributes about 5 percent to hong kongs g. D. P. Some experts estimate the disruptions have already cost hong kong tens of millions of dollars a figure set to rise if the turmoil continues the political crisis has also weighed on asian markets with hong kong experiencing a major cash outflow. The argentine peso continued to fall on tuesday closing down more than 4 percent against the u. S. Dollar now that comes after the currency initially tumbled 30 percent on monday the plunge followed president maurizio defeat in the primary election last weekend with investors fearing that a mockery loss in october during the general elections would end the countrys Economic Reforms argentina has been in recession since last year and is currently afloat on a 56000000000. 00 bailout from the International Monetary fund. And gas stations in portugal are running out of fuel right at the peak of tourist season the reason tanker drivers in the country are on strike demanding higher wages and less over time the portuguese government has now imposed fuel rationing. The National Guard is keeping field at post safe and its giving Convoy Protection to petrol and diesel shipments to ensure basic supplies reach filling stations and airports. On the 1st day of the strike the government designated it a National Emergency effectively making participation a criminal offense to Dangerous GoodsDrivers Union thinks that scandalous. Were going to attack we saw under the dictatorship we fought for our rights with this democracy but the government is clearly ignoring our rights. Portugals Labor Ministry saw no alternative but to clamp down because even on the 1st day of the strike feel supplies could no longer be guaranteed. It indeed. Had to issue isnt taught stand airports as well as other sectors which are essential to society were threatened if it is to be as in the way it was about ensuring calm and normality. Lisbons main market is a kind of social seismograph for the whole country that handles goods from portugals north and south Michael Browns is one of its main traders he says the 2nd strike date has been somewhat easier than the 1st. Customers bought twice as many goods on the 1st day because they were frightened there might be any fuel available on the 2nd it went into the wholesaler can count on having enough diesel himself because his drivers often cross over into spain where fuel is cheaper as well but brand still worries the strike could drag on. The 1st link any problems with again on friday. When the filling stations wont be able to get enough petrol or diesel to see this thats precisely what the government hopes to prevent thats why soldiers are now driving consignments around the country to cushion the effects on the population. The 2nd day most of the gas stations on the port here in lisbon are doing business as usual there for many people were asking if it was really necessary to be clear threat to the nation already the 1st day of the strike for Prime Minister antonio cost and might have been quite convenient because he was able to show strength and authority less than 2 months ahead of the next elections. Lets take a look at some of the other Global Business stories making news. European commission launched a formal antidumping investigation into Steel Products from china taiwan and indonesia on tuesday the inquiry follows a complaint by the european still association e. U. Steel producers say some of their peers outside the block have flooded europe with cheap steel. Media giants viacom and c. B. S. Will merge to form a 30000000000. 00 in entertainment conglomerate indian years of tie up talks viacom owns the movie studio paramount and t. V. Channels Comedy Central and t. V. Analysts said merger will while the new company to compete with streaming services. Millions of muslims have made their way to mecca as part of this years hodge pilgrimage increasingly Saudi Arabian businesses are finding ways to make the most of the vast numbers of travelers coming from overseas some hotels are now catering in particular to wealthy pilgrims and offering a very special experience a high end harsh. The carbon in mecca is islams holiest site for pilgrims its the final destination at the end of a long journey and now the wealthiest among them can end a tiring day in a room like this across a 5 star hotel is now off room with the who leave you to the select few who can afford it with prices starting at around a 1000. 00 a night or reaching into the 10s of thousands these hotels a contributing to mecca is growing reputation as the capital of luxury religious tourists. As is a 5 star hotel the tough as magnificent services to attract customers we have the best possible facilities because the prices are expensive. For them. The hotels are fully booked for this year and next years hutch as well as dozens of days on side. Makar expects to welcome 30000000 visitors for how to get around the morocco riches by 2030 and saudi arabia works to reduce its reliance on oil saudi businesses of finding more ways to tap into another significant flood. And on his news from the sporting world in germany. Dortmund has got off to a great start to the season with a win against rivals by of munich in the season Opening Super cup but things are looking much less rosy financially dorman is the only Bundesliga Club was a publicly on a stock market and profits are down along with total revenue which has fallen dramatically to around 17 and a half 1000000 euros thats a drop of nearly 50 percent the numbers are to some extent skewed though sales of top players to other clubs have brought in quite a bit of cash last year. And thats it from me and the Business Team as always you can find out more about these stories online dot com slash business im stephen theres a thanks for joining us. What secrets lie behind. Them but find out in an immersive experience and explore fascinating Cultural Heritage and sonics. D. W. World heritage for 1615. Weeks time to take one step further and face the possible. Time to search the no fun for the troops. Time to overcome downturns and contract the world its time to time t w. Is coming up ahead its. Not often caught in the gym well i just sometimes i am but im standing up in one of the research ive been thinks deep into the german culture of looking at the stereotype a question that is indisputable country that i dont blame. You dont seem to take in this drama there you go its all about a new primary job join me from the german fundie w. Post. Such. As this is africa coming up in the next 15 minutes and the drugs hailed as the promised to save lives from ebola that Scientists Say the virus is no longer an incurable object trial of 2 drugs should significantly improved the survival rate so what does this mean for the current bowl the outbreak which is the 2nd deadliest in history