Property law they passed in july. A very basic deal. Does not move the ball forward, but relieves some of the tension and maybe takes the threat of retaliation down a notch. This administration has been riven by divisions over trade policy between the hawks and the pragmatist. This may be one side the pragmatist try to get their case before donald trump. The story says he has not made a decision yet. David we have five people who should have knowledge of the subject. At the same time, there was a contradiction. We have seen this in this administration before. They do not always move as one. Michael you do not know who each person talk to so you do not know which side of the debate they are on. There is only one decider, and that is donald trump. He seems to go back and forth depending on what his gut tells him. This is certainly a possibility. What we are reporting is it is on the table, not that it necessarily happen. David s got perhaps informed by the polls, particularly in the midw
Helsinki, Michael Mckee in new york, and Kevin Cirilli down in houston. There was a bloomberg report trumpday that president might have a ceasefire, and the president basically confirmed it. Pm johnson i see a lot of pres. Trump i see a lot of analysts seeing we will do a piecemeal. Easy or hard. Theres a deal or theres not a deal, but it is something we are considering. David there you heard it. It looks a little like the chinese may have responded this morning. Right. Xactly some economists are talking about a mini deal. Theres the prospect of china buying some u. S. Agricultural products and exempting pork and soybeans from additional tariffs. Expectedtowards these talks in october at a high level between both sides, there is a word of caution as well in all of this. China has always been in the market for more agricultural goods. Dating more pork in particular because of swine flu. Theres certainly evidence of some good gestures, but no signs of a major, sustainable breakthrough ju
Noted therces have u. S. Has taken a standoffish approach in terms of the interarab squabble that has emerged between qatar and saudi arabia. We should also note the at the administration, including Jared Kushner, have maintained close personal ties with the saudis and last night the emir of qatar meeting with top Business Leaders in washington, d. C. Along with President Trump. The situation has been fascinating to watch the geopolitics and personalities as the global geopolitical chess game continues and again iran lurking evermore loudly in the background. David as i noticed from the guest list, we had banks will representative with both citigroup and bank of america ceo attending the dinner. Thanks to Kevin Cirilli from the white house. Lets go to the other end of pennsylvania avenue to sahil kapur and talk about the president ial race on the democratic side. One more and one less. Sahil thats right. Just in the span of 24 hours, californiall, the congressman dropped out of the pre
What higher for longer means with Interest Rates. We had conversations yesterday that to me were troubling and i started to think about things. It was transitory. The supply chain part. Transitory. There is maybe an underlining rate of inflation that is higher and it is harder to deal with and it has to deal with crude. It reminds me now it is supposedly not like the volcker era. Wages and unions and workers demanding more. The wage price spiral that picks up and higher wages. Thats what the fed is watching. We paused and only to restart. It was not putting a stake in the heart of it in the first place. A little bit stays and it comes back and you do higher. Stop again. It was the stop and start of the 70s which is what happened. Is that happening again . If you look at inflation in other parts of the globe, it is higher. The uk is operating at 6 . They dobnt have the dollar. That bugs me. 3 . South america averaging 30 . It used to be higher inflation. How many is a candy bar in zimba
Those are some of the things that the Contingency Fund is about. It is a fund we have submitted for because we want to make sure there is a block that the funding will not be used only as needed, but we want to plan for things we cant exactly predict right now. Youve asked for some money for fda for vaccines. Would you speed it up, bring more people into the process, are there steps in an emergency situation like this that there is a way to go through them more quickly or go around them to get to the end product quicker . Yes, sir. We have seen that in process right now. The Congress Gave us emergency use authorization that would allow us to approve diagnostics quickly. Weve used that authorization six times. Fda has used it six times. We approved from start to finish in 36 hours. One of those diagnostics. With regard to other emergency authorities that fda has, we have approved drugs. What happens is when a drug is not approved, if a clinician asks fda for approval for that individual