Of the Global Economy given so many countries do so much trade with china. Chinese Government Data shows that the value of exports fell 14. 5 compared to the same month a year ago. That suggests the rest of the world is buying less stuff. The value of imports also fell by more than expected, down 12. 4 onjuly a year ago. But that partly reflects a fall in the price of commodities such as crude oil. The figures will concern chinas government, who are grappling with economic growth. The quarterly Growth Figure was just 0. 8 in the april tojune period, as the country continued its post covid recovery. And last month, chinas struggles were cited as a key concern for the Global Economy when the International Monetary fund updated its Global Growth forecast for this year to 3 . David woo is a former imf economist and wall street strategist and has been telling me what he makes of the numbers. You know, like some people are going to say, well, this is just basically a reflection of the curren
This morns wing, we are see for the first time new evidence that may be used against donald trump in the Special Counsels 2020 case. The New York Times has obtained this memo that has previously been secret. It was written by lawyer kenneth chesebro. He was named by prosecutors, youll remember, as coconspirator number five in the indictment, not in the indictment against donald trump, all of the coconspirators so far, unindicted. The internal memo spells out in detail the plot to overturn the 2020 election with socalled Fake Electors and it also gives new insight into how the plot would unfold and what they really wanted to do as it was unfolding. Cnns Jessica Schneider is here with much more on this. Jess, lay out what new is learned in this memo. Yeah, kate. This memo dated december 6th. Its known to prosecutors. It will likely be a key part of this case and it really lays out that even the man outlining this Fake Electors plot, kenneth chesebro, he knew it was far fetched and knew i
Getting knocked out by sweden. Well have the low lightsond the game. And simone biles qualifies for the National Championship after coming back from a twoyear break. And Donald Trumps legal troubles mount. A group of House Democrats is calling on the judge in the january 6 case to televise the trial. One of those lawmakers are join us live. And the heat costs money. How extreme heat is costing you more as you buy gas. And with that, the u. S. Womens soccer teams world cup dreams are dashed. The u. S. Loses to sweden in absolutely heartbreaking fashion. No one was able to score for 120 minutes forcing Penalties Kicks and this is how it was decided. A review determined that the ball crossed the goal line by a fraction of an inch. But that is all they needed. Carolyn manno is live in midtown manhattan. Still fresh. The disappointment obviously, we heard a few cheers from some sweden fans. Tell us what happened and what is going on there now . Yeah, you know, victory, this is probably who
Lets look at what this materials move means for the rest of the world. The consensus is that will be damaging not fatal for the United States. The reason china dominate the market is not because it is the only place where gallium and germanium exists, but because it is by far the cheapest place you can get them from. You dontjust dig them up from the ground, they are derived from a more complicated Reduction Process and china has that capability. So governments and businesses will have to rely on cheaper substitutes and alternative sources. It means prices will go up, it means some products might be less effective and some production right be delayed. So this sort of poses a bit of an existential thread for western industry, its the gradual erosion of capability. But in a broader sense this threatened the overall narrative of globalisation, the idea that International Markets will be able to deliver what you need, when you need it at the price that you need. Derisking is what western g
Our nbc News Reporters are following all of the latest developments, and we begin with that Court Appearance in florida for Carlos De Oliveira. Nbcs ken dilanian following all the latest developments for us. Ken, break down what happened in the courtroom and whats going to happen between now and next week. Reporter good afternoon, chris. Mr. De oliveira made his first appearance in Federal Court to answer for these charges but wasnt able to enter a plea or have an arraignment because he didnt have local counsel licensed to practice in the Southern District of florida. So he will have to come back and do that. The real significance of this case is not really mr. De oliveira whos a lowlevel employee at maralago. Its that this new Superseding Indictment makes an extraordinary allegation against the former president , alleging that he conspired to destroy evidence that was under a Grand Jury Subpoena. It says essentially he ordered these two lowlevel employees, nauta and deol oliveira, to