To get back to school which side will have the strongest appeal. This is boom bust the one business show you cant afford to miss branch a bore in washington coming up the United States has left new restrictions on china for alleged human rights abuses in the province of shinjiro straight ahead we analyzed for brandon what effect the move will have on global trade routes plus the race for a tobin 1000. 00 vaccine has been condensed in record time causing some uncertainty but are these fears warranted coming up we break down the dash for a cure and a later and boeing stock has suffered in the wake of this probe virus and the 737 mexico introverts were taken. Look at the newest moves coming from the Aerospace Giant its back show today so lets dive right in. And we lead the program with another escalation in tensions between the United States and china as the Trump Administration has banned the import of certain goods from the shin jiang region of the country u. S. Customs and Border Prote
Kristie. Well this was actually a really smart move by the u. S. Because a sweeping ban would have made more of an impact a statement but then you also risk getting challenged legally where things are sure to get shaken loose and released a part of that is because then the u. S. Will be disrupting the whole cotton ecosystem and supply chain and china would surely retaliate with a ban on american cotton which would just escalate things to a whole new level mike montes front but even so many Industry Experts see todays move as deepening the trade tensions already because this is a market move from tariffs on finished products to now also including Raw Materials and commodities so now the u. S. Is moving upstream and thats causing ripple effects across the entire supply chain because sheen downs cotton is a crucial piece of the supply chain as a makes up 80 percent of chinas output and 20 percent of the worlds supply so analysts estimate that 24 percent American Textile and apparel import
Comes to the treasury market. The dollar taking it on the chin. Safe haven bid for the yen. Out yettting taken again after yesterdays slide, dragging Energy Equities with that uncertainty rains in the commodity. President trumps positive covid test and what is going on behind the scenes not the white house. Joining us is mario parker, Bloomberg White house reporter. What do we know at this moment . Mario everything is kind of unclear, given that the white house was taken by surprise with the president and first lady testing positive last night. We are starting to get some inckle sin some trickles in terms of who has negative results. We know that Jared Kushner and ivanka trump, two of the aides,nts other closest have negative tests, as well as his son barron. Right now we know that theres negative tests that have come in. We are not sure just yet how many other white house staff will be quarantined. Guy thank you very much, indeed. How on earth was the white house cut by surprise by th
A statement the trumpet ministration will not stand idly by and allow Foreign Companies to subject vulnerable workers to forced labor while harming american businesses that respect human rights and the rule of law that u. S. Had previously had producers of toys garlic and artificial sweeteners to that same blacklist this is the latest step from the u. S. Taken against chinas actions in the region where human rights advocates say china is holding wiggers and other muslim minorities in detention camps now the Chinese Ministry of Foreign Affairs respond to the move tuesday. May find useful. Cold forced labor. Measures on some Chinese Companies the violated International Rules damaged a little industrial chain with chains and value chain which is outright believe china just wrongly those in. The socalled forced labor leaders also made a dent here and seriously goes against some. People in the us have been complaining that they care about minorities changing in the mean time i mean what the
White house whether the president sticks to that. A lot of people think the president is throwing out a negotiating ploy here. Im taking at his word likes he doesnt want to do it virtually. I dont know what the alternative can be and next debate further back. What are you hearing . Reporter keep in mind, neil, this all happened very quick. The commission on president ial debates this morning said the next president ial debate would be virtual. Moments later President Trump appeared on Maria Bartiromos show, no, no, he will not be involved in that at all. The campaign clearly took the cue from the president they then put out a statement saying instead the president will hold a rally that evening. Joe bidens campaign has just come out and said instead on that evening biden will speak and take questions from voters as the debate was supposed to be a town hallstyle format. Here were first reactions from President Trump and joe biden this morning. Watch. President trump no, i dont want to d