Beijing. For a long time china and iran have been conducting mutually beneficial and friendly cooperation in various fields under the framework of International Law it is lawful and justifiable and not harming the interests of any other and 100 it certainly should be respected or tend we urge the us side and media to stop on the wrong practise of sanctions against chinese businesses that we will firmly descend into the law and interests of chinese you know its just a thing that we china is now calling for the u. S. To immediately halt sanctions on Chinese Companies for maintaining business ties with iran as a reminder on critical oil exports were already sanctioned in 2019 but india and china still remain employed given their necessity for cheap crude Chinese Foreign Ministry Said beijing opposes unilateral sanctions and called for washington to stop punishing Chinese Companies for importing these basic necessary commodities. And boeings new chief executive officer David Calhoun has of
A member of the companys board of directors for many years was put in place following the firing of former c. E. O. Did a small and berger in december troubles related to 2 fatal crashes of 737. 00 max jets which led to the ouster of Mullen Berger have cut have cut more than 50000000000. 00 off the companys market value and now on that news u. S. Treasury secretary steven the newton thinks that the loss in value could affect the overall u. S. G. D. P. By up to 50 basis points telling Fox News Sunday for this year weve been looking at 2. 5 to 3 percent as i said it may be closer to 2. 5 because of the adjustments of the boeing numbers and joining us now to take a deeper look into the state of u. S. China trade relations china trade relationship and boeings effect on the economy are peter schiff c. E. O. Of Euro Pacific Capital and todd bubble or was chief strategist at bubba trading now i want to start with you with the situation regarding boeing what do you make the. Secretarys asserti
Will be signed on january 15th China Remains distinctly unenthusiastic this lack of enthusiasm from beijing is something reminiscent of the last time we thought a deal was on the table buck up cold at the last minute and keep in mind this phase one is by no means a resolution to the trade war significant challenges still remain ahead and china still hasnt publicly made any commitments to u. S. Demands these add quotas as we reiterated are unreasonable targets for china to meet china isha note of caution ahead of this weeks signing on social media saying the quote trade war is not over yet and that just the 1st round of the game doesnt sound very optimistic here so we shall see what transpires on the 15th if it gets done will be optically pleasing for the trumpet mr ation despite heavy balance of whether the agreement will be implemented in full by both countries know that one only covers a low hanging fruit and if china and the us. Even come to an agreement here phase 2 which will invo
In chicago with more. Drone this is a decision to halt production that was reached by the bored of directors from being who med yesterday and today here in chicago. And we have been hearing from people familiar that the board was leaning towards halting as owe posed to slowing it down its currently at 42 per month thats how many they build its been at that rate since back in april. Remember, it was grounded in march. What the company decided, at some point when you have more than 100 built but not delivered, it makes more sense to shut down the line until the grounding is lifted. The workers who are out at that plant in renton, washington, about 12,000, will not be furloughed they will be redeployed to other plants or projects within the company. But they will not be laid off. They will continue to be paid. The question now is, how long does this go how long will they shut down the line and nobody is quite sure the trigger for bringing the line back up will be when the faa is close to
Into whether its time for investors to cash out or ride this bull wave for another year. And the house of mouse, yes, disney, do it again, adding a sixth movie to its 2019 billion box Office Machine as Worldwide Exchange begins right now good morning im dominic chu in for Brian Sullivan its monday, december 16th, 2019 more than stock futures in the green after another recordsetting session on friday. The s p coming off its 28th record close of the year the nasdaq coming off its 23rd as you can see here, the dow would open up another 55 points if these gains hold into the opening bell the s p up by 12 and the nasdaq up by around 36 points if you take a look at the bond market, we are seeing slight movements there as well. The tenyear note yield 1. 3837 . Twoyear note yield 1. 624 lets go worldwide in the asian trade. It was positive, although a little more muted. You can see there the nikkei in japan, off hang seng off by half a percent. Shanghai, stocks rising to a sixyear high. Data h