From china. This is on top of the most favoured nation tariff of 6. 1 already slapped onto chinese produced evs that are imported into canada. Now, the government also intends to apply a 25 tariff on imports of steel and aluminium products from china. Canadas finance minister, chrystia freeland, says these measures were about protecting domestic producers. The reality is china has an intentional state directed policy of overcapacity and oversupply, designed designed to cripple our own industries. Talk to the steel sector. Talk to the aluminium sector to understand how effective that has already been. We simply will not allow that to happen to our ev sector. The auto tariffs bring canada in line with its southern neighbour. The us introduced 100 tariffs on chinese made evs in may whilst the eu is also imposing higher tariffs. It comes after Us National Security advisorjake sullivan, whos en route to beijing, touted the need for a united front on tariffs when he met Withjustin Trudeau an
A year in exile for president evo morales is on his way to bolivia after his former cabinet member won the election. Or the transitions here joe biden presidency in the United States is gathering pace with some decisions expected in the hours ahead the president elect as you to announce a task force to tackle what he says is his top priority the coronavirus pandemic on sunday biden visited a Church Cemetery where family members are buried including his late son donald trump spent the day playing golf side washington and is refusing to concede defeat his campaign is planning legal challenges in states where hes disputing the counting of votes World Leaders including israels Binyamin Netanyahu and saudi arabias mohamed insall man have congratulated biden on his victory or former u. S. President. Republican george w. Bush also sent his well wishes heres more of whats george w. Bush to say its in and will sit on instagram he thinks buys in for the patriotic message that he delivered on sat
Down 1. 6 yesterday, off of session lows. The dow industrials down 650 650 points, that was 2 and a quarter percent lower at 4 00 on wall street. Investors rattled over no progress on stimulus and a rise in covid cases. Its a big day for earnings, dow components merck, 3m. Caterpillar all reporting quarterly numbers this morning. We will get a snapshot of the airlines when jetblue reports and a look at big pharma when pfizer reports. The road to the white house, we hit the one week to go mark, americans are headed th to the polls in seven short days. President trump and joe biden begin the final push before election day. Stimulus negotiations losing momentum, time is running out for lawmakers to make a deal before november 3rd. House Speaker Nancy Pelosi says she remains opt my particular over talks optimistic over talks. Congressman tom reed told me yesterday if we dont have a deal by election day, we may not have one until february. Todays the day, my new book, the cost, trump, china
Today, david. David this no argue about it. We were supposed to have the second president ial debate last night. Instead we got dueling town hall meetings. One moderated by abc news George Stephanopoulos and form Vice President joe biden. The other Savannah Guthrie and featuring donald trump. The contrasts were sharp including the economy and the president s response to the coronavirus. President trump i now it was a big threat. At the same time i dont want to go out and say everybodys going to die. We make up 4 of the worlds population. We have 20 of the worlds deaths. We are in a situation where we have 210plus thousand people dead. Whats he doing . Nothing. President trump we had the greatest economy in the history of our country last year. Including the state of florida where we are now and pennsylvania and North Carolina and every place. We had the greatest economy we ever had. We had to close it down. We saved two million lives. We are opening it up. We have a vshape and its comi
Onnce places restrictions more cities. Pedro sanchez calling an extraordinary meeting. House signals it is open to a comprehensive plan shifting its stance as a result. Pushed higher. Gorman goes hunting. Morgan stanley steals a 7 billion deal for the purchase of eaton vance. From our interview with the ceo itself. Himself. Lets look at what futures are doing. Green arrows. See, they are incredibly slight. Not even 0. 1 . The percent missed price indicating a higher open then futures are showing you right now. U. S. Futurest the after stimulus talk. It will more directly affect the u. S. Economy. Nasdaq, dow jones and futures up 0. 4. Breaking news coming through. Lets get to that. First on the macro front. The u. K. Economy, clocking in some growth figures looking to be much worse than the market anticipated. The u. K. Economy grew at 2. 1 in the month of august. The estimate was 4. 6 . We were expecting that rate of growth compared to previous months to come down. A bounce in june, t