Mnuchin and says he is encouraged by chinas verbal commitment to open markets and remove certain investment restrictions as part of a trade deal with the united states. Secretary mnuchin tells reuters china is also pledging to remove forced Technology Transfers as part of the phase one agreement, but he is not at the point to make recommendations to President Trump on the status of the tariffs scheduled to take effect december 15. The Justice Department is close to a sweeping deal in fugitive financier jolo to recoup almost anillion dollars looted from indonesian investment fund. Sources say could be the biggest recovery and an anticorruption crackdown by the u. S. Government. As settlement could be filed soon as this week in a california court. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Shery live from bloomberg World Headquarters in new york, im shery ahn. Liv
Arelit between how we seeing certain sectors very sensitive to the u. S. China trade dynamic perform. Semiconductors, which are very sensitive to that trading up on some optimistic talks from lam research. On the put side, industrials under pressure from the likes of 3m which is warning for the fifth time in second quarter. Tech is outperforming, not just semiconductors but also gains in tesla. Not participating in the mood, shares of twitter. Sales missing expectations, the company also morning that its sales growth will not be as robust as perhaps the market was looking court. Fascinating story here. Twitter basically says they were collecting data they were not supposed to be and letting advertisers use that. They fixed the bug, but unfortunately that meant a little bit lower in terms of revenue growth. They no wonder we see stock under pressure. You mention the gains we are seeing in chipmakers. We are seeing a big rebound. This is the Philadelphia Semiconductor index, higher by 2
He also said g7 leaders could takegree on what it would to invite russia back into the group of leading democracies. Abeident trump and shinzo are hoping to make their trade agreement a done deal. That is when they are planning a signing ceremony. Onan will cut tariffs american beef and other agricultural products. That will help farmers hurt in a trade war with china. Meanwhile, the u. S. Will hold off on imposing tariffs on japanese cars. Brazil president joe your bolsonaro faces domestic and International Pressure to combat the crisis of wildfires in amazon. He pledged action to control the fires. The u. S. Has offered its support to tackle the disaster. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. York, it is 1 00 in new 6 00 in london, 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here a
The different positions on the fighters has become a major source of tension between nato allies, turkey, and the u. S. Women who say they were victimized by Jeffrey Epstein expressed anger today over his suicide in a new york city jail, saying he deprived them of their chance of justice. Todays hearing was held for the purpose of throwing out the case because of the defendants death, a typical step, but the judge ordered the accusers an unusual opportunity to be heard in court. During the hearing, an attorney s rulingthe coroner that the financiers death was a suicide, with an expert saying his injuries were more consistent with homicide. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 p. M. In new york, 6 00 p. M. In london, 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the
, and today, markets the central bank has closed deals for deposits with the nonprivate with private,onresident institutions whereby in the second half of august our reserves were upped by 1. 4 billion, to reach 38. 6 billion. The governor also said lebanon has no plans to restructure its debt. Warming ocean water is taking its toll on the Worlds Largest coral reef system. The Government Agency that manages australias Great Barrier reef has downgraded its outlook for the coral condition from poor to very poor. Todays report finds the greatest threat to the reef remains climate change. Other factors include coastal development, water runoff, and human activity. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im ritika gupta. This is bloomberg. Live from bloomberg World Headquarters in new york, im vonnie quinn. Amber im amber kanwar in toronto. Welcome to bloomberg markets. Here are the top stories we ar