To the senate. There has been a shakeup in the russian government. President Vladimir Putin replaced his long serving Prime Minister and called for sweeping constitutional changes. The move fuel speculation that the russian leader is moving to extend his grip beyond the end of his term in 2024. The appeal people included the removal of Dmitry Medvedev who has been an office for nearly eight years. Irans president is warning european soldiers in the middle east could be in danger after nations talent challenge tehran after breaking limits of its nuclear deal. His remarks in a televised Cabinet Meeting represent the first direct threat he has made to europe as tensions remain high between tehran and washington over President Trump withdrawing the u. S. From the nuclear deal in may of 2018 and the recent killing of irani and military leader qasem soleimani. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 cou
Limbo. The ceo will be b here to explain why the trade war is is hurting his business so much power lunch starts right now wrapping up u on the high note check out facebook shares. They are under pressure as a number of state attorneys general get ready to open an antitrust investigation into the tech giant well have much more on this move later on. Melissa, thanks jay powell speaking moments ago in switzerland this will be the last time we hear from him or any other fed official before the next decision the markets almost guaranteeing a quarter point cut. Did powell give any hints . What do you think, steve were going to let you and viewers be the judge he was in switzerland, asked directly, asked directly by a member of the audience whether he would be cutting rates in the months ahead you tell me what this tells us were watching all of these developments the geo political risks, breck it, incoming data. And really looking at financial conditions and well be assessing those in future
That key 3000 level again. Joining us for the entire hour nancy tangler from tangler wealth management, welcome, nancy. Thank you, sara. We are seeing a nice rally on wall street. What are you doing right now what are you buying . Still focused on the consumer the china news is good but i dont expect us to get a deal soon u. S. Consumer. Yes, thank you. Although china did pretty well according to coke. Yeah, great interview by the way. Thank you mcdonalds, home depot, starbucks, those are some of the names we like in the consumer space as well as coke, one of our largest holdings. Who do you think likes the bachelor more i didnt know tyler was a fan. Im a super fan. Anyway lucky were getting that show on cnbc. Theyre one of the best couples. The new show. Oh, theyre from the bachelor. Im lost. Kayla tausche and seema mody has United Technologies and josh lipton has details on potential app de apple deal in the works and diana olick. Kayla, lets start with you. Wilf, theyre expected to
President joe biden has increased tariffs on 18 billion worth of imports from china. Hes accused the country of unfairly subsidising its Clean Energy Sector and flooding International Markets with cheap goods. From new york, the bbc s erin delmore reports. It is not often we find former President Trump and current present biden in agreement but President Biden is not only keeping tariffs enacted by Spread Assessor but increasing them. They focus on the key technologies that power the green transition and include a 100 tariff on all chinese made electric vehicles imported into the United States. That is up from 25 . And a doubling of the levy on solar cells to 50 and a doubling of the Levy On Semiconductors to 50 . President biden says they are designed to protect us manufacturers from being undercut by china in the industries of the future from ev to solar cells, semiconductors, steel and illuminance and even Health Equipment like gloves and masks. , equipment like gloves and masks. I,
Is business today. It is packed. Were starting in the us where President Joe Biden has said that china is cheating, not competing on trade as introduced tariffs on 18 billion worth of imports and Electric Vehicles to steal. He has accused the country of unfairly subsidising its Clean Energy Sector and flooding International Markets with cheap exports which is says hertz American Businesses and workers. Our north American Business correspondent has more from new york. Its not often we find former president and agreement but we have seen President Biden keeping tariff enacted by his predecessor and increasing them. They focus on key Technologies Powering Green Transition and approve a 100 tariff on Electric Vehicles imported into the us, up from 25 . A doubling of the levy on solar cells to 50 and on semiconductors, to 50 . President biden says they are designed to protect us manufacturers from being undercut by china in the industries of the future, from Electric Vehicles to solar cells