66000000000. 00 in financial rewards for being a member of the w t o nevertheless the World Trade Organization has come under considerable pressure recently the United States its biggest beneficiary remember in particular is blocking the work of the w t o which includes 164 countries well for more lets bring in now our Business Correspondent andrea hang in singapore andrea given those figures one cant help wondering why washington and beijing would jeopardize all the success. It would seem like a no brainer monica but one could say that its because both countries are simply unhappy and frustrated with how the deputy all are handling that exchange dispute and it seems to be a common complaint about. That it just simply takes too long for cases to be a result now with regards to the us china trade war theres obviously a lot of urgency and delicacy that needs to be used and applied when it comes to resolving it and it just doesnt seem like a lot of people are seeing this on the b. T. O. A
California utility pg e said to be close to finalizing terms for a 13. 5 billion dollar payout to victims of wildfires sparked by defective equipment. Youre told it would pay half in cash and the rest in stock in the reorganized company, although no final agreements have been reached. Pg e shares rallied strongly on the news but are still down more than 50 this year. The owners of the new york mets are in talks to sell up to 80 of the major league franchise. Were told a deal would be valued at 2. 6 billion and set a path for billionaire steve cohen to take complete control after five years. Hes already an investor in the mets and has a net worth of more than 9 billion. Shery markets open in tokyo and seoul at the top of the hour. Sophie stocks are set to rebound after closing at a low. U. S. Futures little changed. Checking in on the end, Holding Steady while weakening to a twoweek low yesterday, snapping a fourday advance. They opened lower but could gain a 30year option come and. Whe
Hello youre watching artsy International Im Rosanna Lockwood thank you for joining us. Now this weekend marks the one Year Anniversary of the yellow best movement with rallies taking place across france 147. 00 demonstrators were detained in the capsule alone on saturday and police have now cleared the square in paris where the main rally was taking place a journalist suffered facial injuries during the unrest in aunties eager start of who is there for us. It is not a war zone it is the french capital this is placid its ellie and initially the protests here the yellow vests protest here it was sanctioned it was it was authorized by the by the local government by the municipality but now you can clearly see that they have revoked that permission and the police they have been moving in trying to disperse the protest now as the police has lately become more aggressive theyve been using an extensive amount of tear gas they have been using flash bangs as well to disperse the crowds now for
Us for the cons reports next here on our international. I am asked geyser this is a kaiser report you know in every human d. N. A. Is the need to trade travel trade communique and over the millennia weve all figured out that being transparent being open and having an obvious store of value to trade with is what has kept the species going arc toward what journey and progress 0 1 what does it all mean stacie of course open trade and free trade throughout the millennia has relied on honest money now that we no longer have honest money you prefer a transparent readable knowable d sort of entity on the other side of the otherwise dodgy trade deals and fiasco and i turn to this headline here chinas top trade negotiator we want to get reelected the mid to endless levitation of stocks with incessant a trade deal is close headlines chinas long young to former vice minister of Foreign Trade and point man during chinas 15 year talks to join the w t o told an audience during Credit Suisse is China
Investors are not so sure. A Virtual Reality platform picked up for oculus. We are live in san francisco. Lets get to sophie forecheck on markets. Sophie aussie shares are unchanged after a threeday gain. Kiwi shares building on gains after topping 11,000 on tuesday. Nikkei and cost be futures kospi are lower. Slide despite the enthusiasm we saw for alibaba shares, which closed about its issuance price. Lets check on housing bonds, which are gaining ground after the rba governor the move tracking treasuries. Aussie yields falling 35 basis points across the curve. The three years left below the rba cash rate. A bond rally expected to push the 10 year to 50 basis points with unconventional easing expected in the second half as the australian economy slows. The kiwi holding its threeday gain. This morning, we heard from the rb governor. Mentioned rbnzso is working with westpac after the findings in australia. Paul thanks very much. Lets check in with first word news. Chinaly indicators sh