A hand from San Francisco today to break down the latest security threats the latest developments in Artificial Intelligence and what it means for consumers and later big oil has been slowing steadily since its meteoric rise to 20000 but recent reports show manipulation may have played a role in this spike cryptocurrency analyst ben swan is back on the program today to guide us through the crypto paper and what it means for the future of the internet we have a jam packed show today so lets jump right into the headlines. As the worlds 2 largest economies no hope for a phase one trade deal the u. S. And china are looking at rolling back some tariffs people familiar with the talks say if theres a deal removing tariffs will be part of it the phase one deal would include the increase of chinas purchase of American Farm goods rules to deter currency manipulation as well as some provisions to protect intellectual property theft a partial deal would also include. President Trump Holding back o
Manipulation as well as some provisions to protect intellectual property theft the partial deal would also include President Trump holding back on the imposing the planned december 15th tariffs but now negotiators are working on rolling back some existing duties when asked if china would remove these tariffs Chinese Ministry spokesperson going strong said the 2 sides were making progress. Its not a correct way to resolve the trade issue by slapping tariffs nor does escalating tension and confrontation serve the interests of anyone involved i dont see a trade consolation between china and the us has made some progress and is moving forward we see 2 sides will meet each other halfway and find a solution on the basis of Mutual Respect equality and Mutual Benefit this comes as the u. S. Trade deficit with Global Partners dropped by 4. 7 percent to 52500000000. 00 in september reaching a 5 month low slightly above expectations which were at 52200000000 dollars on year over year the current
Give Foreign Investment greater Market Access to more sectors shorten the negative list further and improve institutions for investment promotion and protection and for information reporting all beijing did not specifically address the u. S. And europe complaints about these restrictions on Foreign Companies but business groups remain frustrated with beijings gradual pace and restrictions that are still in place on services. To companies who face rocky i. P. O. As reported earnings on monday causing moves in their share price but this Company Peloton reported for the 1st time since going public revenue has doubled year over year to 228 1000000. 00 the company lowered its net losses to 49800000. 00 down from 54500000. 00 a year over year peloton also doubled their paid Subscriber Base from the Previous Year on the news peloton stock spiked 6 percent in premarket trading before plummeting and. Another 6 percent after market opening now trading below their i. P. O. Price meanwhile ride sh
Our second panel is chris brummer, Research Professor director, institute of economic law, and University Law center. Our second witnesses katerina pastore, and columbia law school. Gendler who is professor of the practice of Global Economics and manager. Mit sloan school of management Senior Advisor to the director, Mit Media Lab and codirector of. The next witness will be robert wiseman, president , public citizen, and the final witness will be chief Strategy Officers. Welcome to all of you. Without objection, your written statements will be made part of the record. Each of you will have five minutes to summarize your testimony and with one minute remaining a yellow light will appear. At that time i will ask that you wrap up your testimony so that we can be respectful of both witnesses and Committee Members times. You are recognized for five minutes to present your testimony. Thank you so much. Members of the committee, thank you for inviting me to testify. Im here in my academic cap
Better than the second. We expect the previous segment to grow double digits. Matt welcome to bloomberg surveillance lets check in on the markets this morning. It is a good day, not just because it is friday, though i guess it is good if you are long stocks. The broader European Index is up more than. 5 . Crude oil gaining more than 1 . S p futures are up as well, indicating a positive open at the u. S. Start. Coming up, we speak to the president of a General Motors, dont miss that interview at 3 30 p. M. London time. Probably thenveils most revolutionary corvette since the c1. Last night in l. A. , they unveiled the see eight chordate c8 corvette. Lets get to the bloomberg first word news. China speaking on the phone. This is the second time since the two sides called a truce. There are no details on what the trade team discussed. President donald trump reiterated he could impose additional tariffs on chinese goods, if he wants. Quote very close. Steve mnuchin describes a deal on the