Succeeded. In a surprise move, the worlds second largest economy devalued its currency by nearly 2 against the u. S. Dollar. Its largest devalue situation in 20 years. A weaker yuan would make chinas goods more affordable to foreign buyers so its being interpreted that chinas economy is in jeopardy of a deeper slow down which sent stocks tumbling. The dow jones fell to 17,402. Nasdaq dropped 65 and the s p 500 sank 20. Commodities also came under pressure since china is a big buyer of them. Oil fell to a sixyear low, down 4 to 4308 and a report from opec showed output increased to a threeyear high in july. And its not just stocks and commodities that are reeling. The impact could be wide reaching. It was a shot literally heard around the world. On a down day, chinas devalue situation of the yu a n is an anchor that dropped bonds and commodities yields around the world. I think screaming that china is in trouble, weve seen a series of data points out of china of a serious slow down. Rep
And as i said last night my number one priority in the coming two months is to try to facilitate a transition that ensures our president elect is successful. Obama also called for unity among people to deal with the many challenges facing the country. Trump said his first facetoface with obama lasted much longer than expected. We really, we discussed a lot of different situations. Some wonderful and some difficulties. I very much look forward to dealing with the president in the future, including counsel. He explained some of the difficulties, some of the highflying assets and some of the really great things that have been achieved. So mr. President , it was a great honor being with you. And i look forward to being with you many, many more times in the future. The meeting amid rising concerns of further divisions in society. Trumps victory over his democratic rival Hillary Clinton sparked protest rallies nationwide. And more than 100 people gathered in front of the white house on thurs
And as i said last night my number one priority in the coming two months is to try to facilitate a transition that ensures our president elect is successful. Obama also called for unity among people to deal with the many challenges facing the country. Trump said his first facetoface with obama lasted much longer than expected. We really, we discussed a lot of different situations. Some wonderful and some difficulties. I very much look forward to dealing with the president in the future, including counsel. He explained some of the difficulties, some of the highflying assets and some of the really great things that have been achieved. So mr. President , it was a great honor being with you. And i look forward to being with you many, many more times in the future. The meeting amid rising concerns of further divisions in society. Trumps victory over his democratic rival Hillary Clinton sparked protest rallies nationwide. And more than 100 people gathered in front of the white house on thurs
Launched in april after nearly two years of civil war. But renewed fighting recently broke out between separate factions loyal to the two leaders. More than 270 people, including civilians, have reportedly died. Japans Foreign Ministry has urged its nationals excluding peacekeepers to leave the country. About 70 japanese civilians are stranded. Japans selfdefense forces are preparing for an evacuation. Now nhk interviewed a japanese spokesperson for the u. N. Peacekeeping mission by telephone. He described a situation around a u. N. Camp in the suburbs of juba. Translator i heard gunshots and blasts that sounded like an artillery gun. I also felt the rumbling of the earth. Saito said that two chinese u. N. Peacekeepers died when the area was shelled. He said they are protecting people or were protecting local people fleeing the fighting and taking shelter at the camp. Saito added at that time a total of 3,000 displaced people had arrived there and in a second camp near the airport. He
Launched in april after nearly two years of civil war. But renewed fighting recently broke out between separate factions loyal to the two leaders. More than 270 people, including civilians, have reportedly died. Japans Foreign Ministry has urged its nationals excluding peacekeepers to leave the country. About 70 japanese civilians are stranded. Japans selfdefense forces are preparing for an evacuation. Now nhk interviewed a japanese spokesperson for the u. N. Peacekeeping mission by telephone. He described a situation around a u. N. Camp in the suburbs of juba. Translator i heard gunshots and blasts that sounded like an artillery gun. I also felt the rumbling of the earth. Saito said that two chinese u. N. Peacekeepers died when the area was shelled. He said they are protecting people or were protecting local people fleeing the fighting and taking shelter at the camp. Saito added at that time a total of 3,000 displaced people had arrived there and in a second camp near the airport. He