Way. Will it outweigh the rising cost of everyday living . That and much more on making money. Charles President Trump set to meet facetoface with the chinese vice premier in the oval office in less than 45 minutes. The markets rallying over reports that the u. S. Achieve a partial agreement with china. Here is deirdre bolton. Reporter the idea that the market is rallying or partial deal. Two moving part i hear from our sources is most likely. The first, as of tuesday, october 15th, the u. S. Had already cleared for to us put an additional 5 of tariffs on chinese goods. 250 billion worth on the 15th. So taking them from the current level of 25 to 30 . So our sources are telling us, more than likely the u. S. Will just hold steady at 25 . Not raise them to 30 . If that happened, that would be seen as a act of goodwill from the u. S. Side towards the chinese side. Now one thing that has already happened, but certainly important for u. S. Businesses is that the Chinese Securities Regulato
He joins us from detroit with the latest. Hey, grady. Reporter hey, neil. As you said we dont know the specific details of this contract but the news it has even been agreed upon by the two sides is just trickling down to the workers here. Obviously theyre pretty excited by the news. I want to bring in jessica. You came from the plant you work in at indiana to be here at the Renaissance Center where the negotiations are happening. How do you feel you know there is an agreement . Even though it is cold and rain any were excited to be out here at this critical moment representing the union and good news. Reporter what has been on strike without pay . It has been hard on a lot of people. 2 a 50 week a not as at all. Reporter youre a temporary worker, negotiations are behind closed doors. Were told this created a pathway for somebody like you who has worked three years consecutively, will be able to get fulltime employment f that is the case, if you find that out tomorrow, once the contrac
Million to 30 million tons. Next case, the federal reserve, jay powell says hes going to grow the Balance Sheet but dont call it qe4. Okay. I will put it into english. Interest rates are coming down. China trade and Interest Rates, thats why the market will go up at the opening bell. The dow lost 300 yesterday, likely to go up maybe 200 at the open this morning. The s p, the nasdaq, very solid gains this morning as well. Look, theres a lot coming at you throughout todays program. A jury awards 8 billion to a plaintiff who says he wasnt warned about the dangers of a Johnson Johnson drug. 8 billion. One hour from now, we will find out how many jobs are available, upwards of seven million. Two hours from now, jay powell speaks. We are following, yes, we will translate for you as well. This afternoon, the first lady brings youngsters to the white house to outline the dangers of flavored ecigarettes. And we may hear from nba commissioner adam silver. Hes in china, dealing with basketballs b
This is to break that advantage other than disadvantage and finally from sheila who says the main goal is to make a few people very rich see their transition. The level and whats next after globalization is a book written by former princeton academic Michael Sullivan it told us an analysis of the transition and World Economics finance and power as either globalization ends i guess we need to new Power Centers and institutions the author tells alex why we all need to be ready for this change. Michael sullivan this new book the leveling you say that the end of the globalization evil inevitable how can that be when weve got the great Global Companies bestriding the planet are not the biggest manifestation of globalization whats happening to these everyday work we are reminded of the fracturing of the globalized world we have a trade war going on there is a democratic dispute going on in hong kong those big tech and commercial titans are being regulated in europe theyre being closed out of
Everyday work we are reminded of the fracturing of the globalized world we have a trade war going on there is a democratic dispute going on in hong kong those big tech and commercial titans are being regulated in europe theyre being closed out of the Chinese Market and theyre also vulnerable i think in the states too to the slowing Economic Cycle so everywhere we look globalization is beginning to petero trade as percentage of g. D. P. Is falling the flow of ideas the flow of people is slowing and what i think is happening is maybe not a rerun of the 1000 twentys thirtys as some scaremongers say but were entering into a multipolar world where instead of having you know everything bundled and tied together you have 3 big regions the u. S. China central asia and then europe or the European Union so to defy the globalization is globalization in your view the freedom of Movement People goods that the great increase in world trade it was the the the knocking down of the combination of curre