Course, 240 billion is enough according to Prime Minister robert Prime Minister abe. Lets take a look at where the gdb czar at this time. Saying it is not enough to lift inflation to 2 . At where the kiwi is right now, rising to a fourmonth high to the dollar. Lets have a look at what is going on with the indian market, all about reserve bank of india and they are expecting another cut. If we do get it, it will be the six straight cut. Somewheresome between 25 and 50 basis points. Some gains inee the indian market, looking at the rupee, a little pressure there at the moment. It is pretty much stable and ahead of that decision by the reserve bank of india, they tried to address sluggish growth , showingnomy expanding the weak us of growth we have seen since the beginning of 2013. To a Central Bank Governors elsewhere, we are talking about kuroda and the first word news. With theng in japan Prime Minister has announced a massive stimulus package, dealing with a slump in exports. Package
Its now been 53 days since the president announced the phase one deal with china was agreed and just waiting to be inked thats 53 days and counting. Joining us for the full first hour of the show, Wealth Management ceo josh, did i pronounce it correctly nailed it todayly rsi, people toss around these terms, overbought, oversold they use them qualitatively. The market went up a lot its overbought. Theres a technical definition to things like being overbought. By any stretch of any way you want to look at it, we were overbought on something called rsi. S p 500 we hit 75, the most overbought weve been technically since january of 2018 and we know what happened after that a very swift 17 selloff. So its not shocking that you have big down 400point day in the dow. The big takeaway for me, to answer your question, is the biggest mistake you can make is go to these extremes of bullishness, bearishness, based on each days action today is the mirror image of yesterday, total reverse tomorrow co
Scheduled to impose even more tariffs on 250000000000. 00 worth of chinese goods but analysts and experts are saying that they wont be surprised if every single product export import from both countries are tariffs so there will be some scheduled to be added next week whether or not theyll actually be added who knows because weve seen this before when President Trump says that its been a successful week or time of talks he later comes out and imposes more tariffs so its really unpredictable but earlier today vice premier li did say that hes come with great sincerity and ready to make certain exchanges and mike pence yesterday said that that hes really really ready to see where this goes but they here agrees completely with President Trumps trade policies take a listen to what he said. The chinese Senior Leadership will be here meeting with our team at the white house were encouraged to soybean purchases that have taken place in just the last few weeks but the American People. I believe
Placed at the center of the ongoing disputes between these 2 countries may be getting a bit of a reprieve in New York Times reports that the trumpet ministration is planning to issue licenses allowing American Companies to supply nonsensitive goods to wall way according to sources u. S. President donald trump said he was willing to begin approving the licenses this last week this will allow the specific specific American Companies to circumvent a ban the white house placed on wall way earlier this year. There is a lot on packers so to do so we are joined by our america correspondent Alex Milledge in toronto and served as the ok here in the studio in washington d. C. Sarah lets start with you were seeing a lot of conflicting reports on how the meetings went exactly whats the latest well lets just say we are definitely hearing some conflicting reports that the south china post morning post reported that chinese ice from the air was going to be leaving earlier than expected leaving at thi
And jumped up on president trying 20 did that big its a big day of negotiations with china they want to make a deal but do i meet with vice premier tomorrow at the white house now it remains unclear whether or not this meeting law actually take place but stocks went up people are optimistic and hopeful that President Trump meeting with vice premier li. Is that a good sign of some sort of move forward and you know this has been lingering on for some time so i know your viewers might be getting antsy about this but this is actually a critical time in this process since next week another set of tariffs on another 250000000000 dollars of chinese goods are scheduled to take effect the chinese have said that they were making willing to make a deal on condition that no more to be imposed whats going on there what is a very critical time because next week they are scheduled the United States is scheduled to impose even more tariffs on 250000000000. 00 worth of chinese goods but analysts and ex