Possibly track what were doing. This is the one business show you cant afford to miss im going to washington coming up u. S. China tensions flare up at the u. N. General assembly as both president speak out on the effects of the chrono virus you may have noticed that prices are up at the Grocery Store but well take a look at what those numbers actually need and with cohost spence juan we have a lot to get to so lets get started. Tensions between the u. S. And china ramped up at the annual u. N. General assembly in new york while the coronavirus remains a global threat and has only made matters worse between the 2 countries in a speech chinese president xi jinping said his country is not looking for conflict and stead is calling for international cooperation. We will never see courage gemini expansion or spear of influence we have no intention to fight either a cold war or a hot one with any country we will continue to not narrow differences and resolve disputes with others through dial
And resolve disputes with others to dialogue and negotiation meanwhile President Donald Trump continued to blame china over allegedly mishandling the coronavirus and what he says could have been stopped from spreading. We will distribute a vaccine we will defeat the virus we will end the pandemic and we will enter a new era of unprecedented prosperity cooperation and peace as we pursue this Bright Future we must hold accountable the nation which unleashed this plague onto the world china. For more on whats going on in this tit for tat between the worlds 2 largest economies they want to bring in don west coast christie i am author of understanding socialism and host of economic update professor Richard Wolfe professor as relations between the u. S. And china that theyre continuing to deteriorate is a cold tech war really an unavoidable want at this point and if so how is this going to end. Well i think its out of the way the ball i think what youre seeing is mostly posturing by mr drum
Territory. The week has had news of ashares cell a share sell. China puts money on chips to counter rising pressure from washington. It has the same level of backing as the Atomic Program enjoyed years ago. Sophie lets get a check on the set up in asia. Some much awaited pullback on wall street. Asian stocks look set to fall. 1930still Holding Around levels and the yen above 106. But when it comes to stocks in china and hong kong, a drop is productive at least 1 . Softbank is said to be considering a bid for tiktok. In the Semi Conductor space, news that china is planning to support the domestic industry, which launched a billiondollar route in u. S. Chip stocks. Also in south korea, watching for any details of a potential in thecash handout budget that could be announced this weekend. A snapshot of the u. S. Close, the s p fell the most since march, and it was the biggest sincefor the s p june, the biggest drop for the nasdaq since march, with apples market cap falling below 2 trillio
Trump continued to blame china over allegedly mishandling the coronavirus in what he says could have been stopped from spreading we will distribute a vaccine we will defeat the virus we will end the pandemic and we will enter a new era of unprecedented prosperity cooperation and peace as we pursue this Bright Future we must hold accountable the nation which unleashed this plague onto the world china. For more on whats going on in this tit for tat between the worlds 2 largest economies we want to bring in bill must cohost christiane i and author of understanding socialism and host of economic update professor Richard Wolffe professor as relations between the u. S. And china theyre continuing to deteriorate is a cold tech war really an unavoidable at this point and if so how is this going to end. Well i think its avoidable i think what youre seeing is mostly posturing by mr drum for domestic electoral votes. Theyre seeing china seems to be is our 8 year old what will gain games from cong
Each year the 1st monday in september is labor day in the usa it is in canada too they just spell it differently its a celebration of the Labor Movement and its the unofficial end of summer and for many laborers automation and technology could spell the end of the line which jobs are robots taking over and which jobs will be safe lets ask our t. Boom bust host christy i and kristie ive read that in 1950 elevator operator was among 270 careers listed in the u. S. Census back to the future a recent Postal Service controversy involves. Taking sorting machines offline and these behemoths could move the mail much faster than human beings could and automation is replacing or accompanying workers in detroit and all sorts of Assembly Lines elsewhere kristie what sorts of Assembly Work is unlikely or impossible to be automated. Well as you know a lot of some of the work and manufacturing work is being heavily heavily automated nowadays but as a long must found out the hard way not everything ca