The moment and that has us much to do with the relative reduction in the overall american position it has to do with the royce of china so what im saying is that i dont think the trumpet ministration has a particularly top or well strata joist attitude or a policy toward china but i also dont think that this administration is necessarily do worse administration that china could face i could easily imagine a Democratic Administration coming into the white house off to the next election that would be asked tough if not tougher on china know now professor west that you said a moment ago that china is competing just like everybody else and i think the argument prevailing in the white house at the moment is that china is competing in in an absolutely unique way like no one has done before and i mentioned. Before one of he said bass no on the boards of both in the west one of his most revered works in china is they are at the. War which focuses on the exact same thing know how to advance and
President joe biden as senator Bernie Sanders and Elizabeth Warren continued to hover as toptier president ial candidates. All three of those folks keeping careful watch on senator kamala harris, a democrat from california, as well as others like beto orourke, julian castro, and others. It is a large field, but these thresholds coming up at the end of the month could winnow it. David President Trump maybe not having as easy of time as we thought with respect to the economy. Lets go out to los angeles and Sarah Mcgregor. This morning, bright and early the Chinese Government said we would retaliate on the tariffs and then the foreign minister said not so much. It seems like they were contradicting themselves. Sarah we have heard a lot of contradictions from the Trump Administration but china usually has a clear message. Today is different. It is no surprise that china will proceed with retaliation on these tariffs on the goods that will be hit in december, although there has been a bit o
Washington. What all the backandforth means. And President Trump once federal federal to wants agencies to work with social Media Companies to stamp out hate. But first, uber shares continue a fall after sales miss and 5. 2 billion dollar loss in the second quarter. Much is due to the ipo in may. Cooper is trying to reassure investors, saying losses will uber is trying to reassure investors, saying losses will come down over the next few years. Why such a dramatic reaction . Eric i think the stock reaction had to do with the revenue mix. If you are going to lose that much money, you have to keep growing. A 5 billion plus net loss is huge. That has to do with the stock uber loses ipo, but money regularly, although it did beat expectations. Emily are investors generally buying that this is a once in a lifetime of a company fix . Eric that narrative is challenged. I think if they were holy buying uber aboveuld see its ipo price. Analyst remain optimistic about uber. Many have buy ratings
We are looking for disney plus competition about how youre going to turn it around well speak exclusively with tom to launch in november. Well, i think were focussed back to you. Julia, thanks donahue about the impact of the on what we can do to make our new round of tariffs on american uber and lyft set to report next airline better every day and continue to execute well for the week leslie picker with a pick for companies. Very powerful business lobby group. Joining us for the how is longterm. Us. Reporter both trading well we are competitively better below the ipo prices michael from ubs with us for the top of the show can Second Quarter earnings give is steve grasso. Equipped to serve hawaii because them the boost they need of our fleet and our products wall street expects both companies to continue posting losses if you remember last quarter and our Great Customer service the search for yield seems to be and cost structure than any they reported each had quarterly other carrier. D
Argentina continues to be a story. The currency we getting another 7 . I want to show you the reaction in the yuan after those headlines. We were floating along nicely, and then suddenly this massive drop for the yuan. A strengthening of about five or six big figures on those headlines. Talks are going to be over the phone in two weeks. We also learned that as well. Guy big move in dollaryen as well, 1 . Thats the risk off trade being reversed. German 10 year moving as well. We were 61. 50. We are now at 59. The trade news, the massive catalyst completely changing this trading session. Vonnie back to that news now, china saying it will hold its next round of trade talks with the United States in two weeks. Conversations will take place over the phone. The u. S. Is also delaying tariffs on certain items until december. Joining us from our washington, d. C. Bureau is shawn donnan. Here in our new york studio, we have Damian Sassower our of Bloomberg Intelligence we have Damian Sassower o