The Vice President also toured a dairy farm and discuss the economy in the u. S. Mexico canada trade remit. The new free trade accord went into effect july 1. 1. [applause] i got to make sure i turned this on. Yes, i did. Welcome, everybody. We are thankful you could come and partake in this great privilege that we have here to entertain our Vice President , mike pence. [applause] i guess i got to be careful not to clap into this thing. Im a dairy farmer, not a speaker, so bear with me, folks. This is my lovely wife, barbara. [applause] we have tony, representative tony kurtz, wisconsin state assembly. [applause] of a farmhe owner locally here. [applause] and we have my son, cameron, who is our youngest and hopefully will take over for dad soon. [laughter] [applause] mccue, i have patrick who happens to be my nephew. Hes a great farmer and a local hear from mccue farms. [applause] hoyer, theave kevin owner of hoyer farm locally here. [applause] also carla, who is very close here. Not m
Moreid things were much complicated because of the chinese. He also said the phase one deal on trade was a strong agreement. He expected to be implemented. Is he right. Is a good agreement . Us i am not sure it will be implemented. The world has changed a lot. U. S. China relations have changed quite a bit. Frayed, given that large tariffs have been imposed on china, and the campaign rhetoric, which is very , some of itst china very valid, like the actions in hong kong. On top of that, covid19 came along, which has made it difficult for china to implement this part of the trade agreement. It promised to buy 200 billion worth of products, agriculture, manufacture products and Financial Services and also opened up Financial Services. Is throwing the chinese economy as well as our economy for a loop. China will not be able to live up to its end of the deal. Onna wants to keep relations solid footing. That is part of why they have invited the secretary of state pompeo to meet with their to
Ratings to three additional firms that have significant business in particular sectors. It is three others who were also considered major. We understand that does leave some companies that do not have a rating. As we open these facilities, we are just in the process of opening, we are looking for an answer. An nisro and has not traditionally been used in this way. We are looking at options for what to do. I was like until you i wish i could tell you we had an answer. So you have not opened it yet but you have not foreclosed the possibility of finding a solution for this challenge. Powell we are still looking for a solution, yes. Any timeframe you can put on that . Powell we talked about it yesterday so we are working on it. Soon, i would say. Stress thatnt to there are dozens of companies with very strong Balance Sheets and employee tens of thousands of people across all of our states who for one reason or another choose not to go for a inlic Rating Agency but are many ways in the same
Organizati organization, china as well as investigations of practices of Chinese Companies that are listed here in the u. S. So were up 0. 4 . 3 for the week as a whole sara straight to kayla in washington to recap what we just heard from the president including that significant announcement that the u. S. Would be terminating its relationship with the World Health Organization and sara, the president prevud that a few weeks ago saying it would be reviewing the funding it sends to the w. H. O. In the wake of what it sees as shortcomings by the World Health Organization to alert the u. S. Of some of the risks of the coronavirus. Sources tell me that one of the ways the u. S. Feels most wronged is that there was no information about asymptomatic transmission of this virus until late in the game when the u. S. Population and economy was at risk. He announced the administration would be suspending the entry of foreign nationals from china to the u. S. , that the u. S. Finds at risk to the
Been discussing for the past 10 years here on kaiser report and one of the people most responsible for the imbalances that we see in the world that the global trade imbalances the global neal liberal imbalances caused by all of this insanity of sending our manufacturing overseas for example is Larry Summers he was the treasury secretary under bill clinton from 1909 to 2001 so he oversaw glass steagall remove all he oversaw w t o. Except in china into the World Trade Organization he saw all those sort of things that dismantled the commodity futures modernization act he saw the stuff that created the destabilization that we see going on so it was quite ironic or and indeed quite repulsive to see him tweet this max thoughts at the end of a long week why cant the greatest economy in the history of the world produce swabs facemasks and ventilators and adequate supply Larry Summers is a key figure in americas downfall the problems of the kovac 1000 virus today and the problems in the markets