The Maverick Billionaire turned president but will trump and xi get down to some Serious Business or will the meeting prove to be too difficult . The rain and wind may have forced fans off the course of the masters Golf Tournament in augusta but the event that attracts the Worlds Golfing Elite is big business. Weve been crunching the numbers. Welcome to World Business report im sally bundock. Also in the programme it is Interest Rate decision day in india. Well be live in mumbai. But first, our top story. A much anticipated meeting between the leaders of the worlds two largest economies. On thursday, us President Donald Trump will host chinese Leader Xijinping at his Mar A Lago Resort in florida. It is the very first time they are meeting in person and trade ties are expected to top the agenda. Atjust over 659 billion of goods and services in 2015 its one of the biggest Trading Relationships in the world. Last week mr trump tweeted that todays meeting will be a very difficult one in th
Retreated on friday from the sevenmonth high after data showed that u. S. Hiring fell to the lowest in him a six years in may. The Dow Jones Industrial and nasdaq also fell. We are counting down to the open in australia and japan. Futures in australia looking like this, a slightly higher open. Economists are expecting the rba to keep Interest Rates at 1. 75 . , whereet over to japan the latest gdp numbers come out on wednesday. Futures trading in chicago pointing to a lower open. 6. 72, it is pretty strong against the u. S. Dollar ahead of brexit. Wo markets to tell you about u. S. Treasury secretary jack lew says china is moving in the right direction on the yuan, but needs to improve its Monetary Policy communication. He spoke to bloomberg in beijing where talks are due to start later today. Tom mackenzie is there for us. What exactly did jack lew say . Good morning. The u. S. And chinese side will be meeting in a few hours on the outskirts of beijing. It was a wide ranging interview
I will have more on the Market Movers shortly. Angie president she jinping says china and United States should talk more often to build trust. He also said the pacific should not be a battlefield for competing views. We have our china correspondent standing by live. A mainly positive message from the president . Not too much detail, you do not expect too much detail at events like this and opening addresses. The tone, the words about cooperation, greater can medication between the two sides when it comes communication between the two sides when it comes to the issues in the south china sea. A dialing down of some of the bellicose rhetoric you hear in some of the state media. It comes after some close calls jetsy between two chinese that intercepted a u. S. Spy plane. Building a great wall of isolation. President xi thanked peace and said peace the vast pacific should be a stage for inclusive cooperation, not an arena for competition. John kerry also addressed some of the key political
Minutes time. They are ups the ante in its deal to bayer ups the ante in its deal to monsanto. We are less than a halfhour away from the European Equity market open. Lets take you to the bloomberg and show you what is happening. I am going to give you a clue, the w ei function, the fair value cut relation, looks like we are going to see a positive start. European markets are softer. U. S. Markets are slimmer. Bonds were down as well yesterday. Lets take a look at the big moves we so this morning. Canada, new zealand, swissie, all seeing moves come through. The u. S. Move yesterday really catching everybodys attention. Japan back in focus. Lets get to bloomberg first word news with david ingles. David thanks guy good lesson about president thanks guy. Lets talk about president obama. Trumpscized donald affection toward vladimir putin. As he spoke at a Campaign Rally for Hillary Clinton in philadelphia. Eight weeks from election day, democrats are feeling queasy about Hillary Clintons na
To find clues and searching for those responsible. Just a little bit earlier we spoke to the Police Director who is frustrated. What do you do . You go out and are to worry about bullets hitting you. Here we had that situation where a bullet hit a small young child who will not make it to his birthday in july. Reporter and take a look at that little boy. This is who fami identifies as the victim. 6yearold kg carter. A second grader just hanging out whwre he lived and he was shot and killed. N arrests have been made but the police vague description of the suspects. They s s they saw a black sedan. Witnesses did with three black males fleeing from the complex. Its unclear what the motive may have been. We see police out here. They shut down the complex and theyre seararing for the person or people responsible for taking Police Director sending a message to those that had the gun. Were hunting for you. And if youre involved might as well turn yourself in. I dont believe the community is g