This is boom bust so one business show you cant afford to miss for in washington coming up tensions are on the rise between russia and the European Union is sanctions have been imposed over the poisoning of electing a volley straight ahead we bring you up to speed on how the escalation could affect business between the 2 and amid the ongoing trade war between the worlds 2 largest economies china u. S. Imports have exploded leading up to the 2020 president ial election later i want to bring in 2 experts on International Trade on what the trade gap means in these critical times with a packed show today so lets dive right in. And we lead the program with the European Union stating wednesday that it will impose economic sanctions against russia after russian Opposition Leader alexei no bawly a corruption investigator and longtime opponent of russian president Vladimir Putin was reportedly poisoned with a nerve agent now according to German Authorities know bawly is in germany. And is now r
Competition and illegitimate sanctions but also by creating instability on our borders. And joining us now to discuss this boom bust cohosted investigative journalist bents one whos been following the story now but i want to start with what we know about the poisoning of alexina bali. Yeah we actually dont know a whole lot about it according to reuters there is some information he was traveling apparently between siberia and moscow in august he became violently ill he was an air flight into germany where doctors began to treat him and they say that he was poisoned with some kind of a nerve agent and so the details of exactly how he was poisoned are not known at this time and the fact that russia and specifically certain members of the russian government have been accused by the french of the germans as being responsible for this is a little bit strange because we dont have any details surrounding that having said that it was enough as you just said for the e. U. To say that theyre goin
These critical times with a packed show today so lets dive right in. And we lead the program with the European Union stating wednesday that it will impose economic sanctions against russia after russian Opposition Leader alexei no bawly a corruption investigator and longtime opponent of russian president Vladimir Putin was reportedly poisoned with a nerve agent now according to German Authorities no bawly is in germany and is now recovering this week e. U. Foreign ministers agreed to impose sanctions on russian officials fish tales and organizations blame for the poisoning these sanctions according to Russian Foreign minister Sergei Lavrov are not surprising and could lead to further economic strains between the 2. The question is not just whether business as usual is possible but with the any business with the European Union is possible a tool the e. U. Behaves arrogantly towards us and looks condescendingly down with russia demanding answers from us for all the crimes it imagines we
And we have more jobs data out of the United States as the bureau of labor statistics announced nonfarm payrolls grew by 661000. 00 in september while the Unemployment Rate dropped to 7. 9 percent from 8. 4 percent in august comus had expected gains of as much as 800000. 00 jobs but we missed the mark there now the sectors that gained the most in september included leisure and hospitality retail and health care and social assistance losses came in Government Employment which lost 216000 jobs employment in local and State Government education also fell 5231049000 respectively as many schools remain closed in favor of at Home Learning due to the pandemic now this was the last jobs report before novembers election and it will be introducing to see what happens in october without another stimulus package as we are already seeing tens of thousands of travel and leisure jobs lost in just the last week and with all of this Economic News from the president s diagnosis to a lack of stimulus to
Covid19. His physician warned he may not be entirely out of the woods. Global stocks still see modest gains. Hong kong maintains its coronavirus social distancing measures. 34 u. S. States see more virus cases than they did a month ago. The cdc warns the virus can spread indoors in the air beyond six feet. Deutsche banks ceo tells bloomberg exclusively it could consider m a as early as next year, but with one caveat. For us, it is important that we are not a junior partner. That means we first have to sustainably increase our profitability. We are just under an hour away from the start of cash trading in europe. We have german factory orders coming out on the ticker. Rising orders in august 4. 5 month over month. That is better than the estimate sorry well, the estimate and the previous reading or both 2. 8 . 4. 5 beat the estimate and the prior reading. Yearoveryear, you have to drop 2. 2 . It is not as bad as the 3. 8 that was estimated by economists, and not as bad as the 7. 3 drop