We will start with the us china trade war because President Trump has announced a major escalation in us tariffs on chinese goods, saying that china has broken its promises made in negotiations. The announcement has rocked markets as we saw a moment ago, sending stocks and commodities tumbling. Here is what has them so worried. Resident tom says that from september one, the us will impose a 10 tariff on 300 billion worth of chinese imports that are not already subject to us taxes. This comes on top of the 25 tax already imposed on chinese goods worth 250 billion a year. But they will hit consumer goods such as electronics, toys and footwear. Us business groups have been quick to condemn this escalation. The us chamber of commerce that represents 3 million firms says it will only inflict greater pain on us business and undermine and under wise strong us otherwise strong us economy. President trump began his tweet with praise for the most recent round of negotiations, describing the talk
Aboutjoining forces. We are talking about combining forces, because its clear that boris is going into the last round, and the question is, who is best placed to sit on a stage with borisjohnson, and who is best placed to ask the testing questions that need to be asked . A woman is in a serious condition in hospital after a crash involving the duke and duchess of cambridges police convoy. Us President Donald Trump formally launches his re election campaign, asking supporters to keep him in office for four more years. With every ounce of heart and might and sweat and soul, were going to keep making America Great again. And then we will indeed keep America Great. I really will keep it so great. Investigators looking into Malaysian Airlines flight mh17 which was shot down over Eastern Ukraine five years ago are expected to name four suspects later today. Good morning. Its wednesday 19thjune 2019. Welcome to bbc newsroom live. Im joanna gosling. A United Nations investigation has determine
Cash is pouring into this country from all over the world. Its pouring into american treasuries, its pouring into our stock market, safety and growth, thats what we are offering, thats what you are getting. Look what its doing. Its pushing Interest Rates all the way down, 2. 03 on the tenyear treasury. By the way, its so bad in europe now that when you lend to the government there, you dont get it all back. You lend them a million, they will keep 3,000. No wonder its coming over here. Then we have facebook. Looks like the stock of the day. Today they introduce libra, a new Digital Currency. They claim it makes sending money around the world as easy as sending a photo. Its a Payment System with a potential base of 2. 5 billion people buying from 90 million businesses. Investors love it. The stock is up four bucks premarket. This is going to be a very big day in politics and money. Stocks are going straight up and moments from now, a visit from Gary Woodland, the brand new u. S. Open cha
Not in line. What the bank is doing is looking back at inflation, but forward at what this Rate Decision may influence in terms of behaviour. I think, from last Bank Of England became, where they moved a 50 basis points, that was taken as a really big jump in rates. Since that decision, we have seen some improvement in inflation numbers. There were still some calming for a 50 basis point change, but i think that this was more of the consensus. As you say, the balance between trying to get inflation under control, because lets not forget, that also makes people poorer in the long run, and also, making sure that there is not too much damage done to there is not too much damage done to the economy is a Balancing Act that they have to play. And, if you watch some of the comments Andrew Bailey made after the meeting, there were some pretty negative outlook in terms of gdp and the general gross scenario for the uk. Scenario for the uk. And, a fine line in terms scenario for the uk. And, a fi