Edward lawrence live in d. C. And edward, we start with you. Reporter a hiccup in the implementation of usmca threatened to cause tensions between the two countries over the agreement. It caused mexicos top trade negotiator to come here to washington, d. C. To meet with u. S. Trade representative Robert Lighthizer to work this all out. Because of concerns and that meeting, the u. S. Trade representative, allayed fears. Basically mexico was concerned that the u. S. Could force them into accepting up to five inspectors into their mexican factories and u. S. Trade representative Robert Lighthizer in a letter today saying those were not actually inspectors. Theyre attaches, attached to the u. S. Embassy here in the United States. So those attaches would offer technical guidance and expertise to the mexicans, not inspections. Adding that any compliance verification would be done by an independent panel with help from representatives from mexico and the u. S. The undersecretary says his fear
Bit despite news of increased inventories. For the global exchange, where we bring you market moving news from around the world. Are bloomberg voices are on the ground with this mornings top stories. Da tart with e curran. Had positive signs since sunday, when the government said they would push through new oversight of ip protection, and they want to punish those who are guilty of ip theft. That was followed by some details in one of the state newspapers that china is also looking at the oversight of any trade agreement with the u. S. In ways of ensuring that any deal isnt limited. Then we had the news yesterday from the Commerce Ministry talking about reaching consensus on core issues. The moonbeams it is been nothing but positive in recent days, matching what is coming out of washington, though we dont yet have any further details on when or if an agreement might be signed. We have your minder did have a reminder on the economy when profit for industrial firms dropped almost 10 from
Which also implies gdp will not be as bad and the final quarter of the year. David what you project for the Fourth Quarter . That is the critical question. Tracking estimates suggest that growth will fall below 1 . We do not think so. We think growth will be in the vicinity of 1. 7 , which will be just enough to keep the projections at 2. 2 for the year as a whole. David the direction is clearly down. Absolutely. The direction is showing deceleration in the main engine of Economic Activity in Consumer Spending. David thank you so much for being with us. She is senior u. S. Economist with bloomberg economics. Now we go a Kevin Cirilli in washington. How long ago was it Elizabeth Warren was almost being christened . Now she does not seem to be doing so well. Kevin she remains a toptier candidate, Vice President joe biden, Bernie Sanders, and mayor Pete Buttigieg. A new paul has are significantly slipping. You look at joe biden able to maintain his lead against Elizabeth Warren. Bernie sa
Blake burman, president will meet shortly with the Prime Minister of pakistan amid talk out of pakistan. They took to twitter pushing back on iranian claims that they have detained 17, spies that were recruited by cia. This announcement came via Iranian State television, that some of those 17 had already received death sentences. President went to twitter to say not so. He called the iranian claims quote, totally false. He also said there was quote, zero truth to it. Now the secretary of state mike pompeo as you know was once cia director before he moved over to foggy bottom. He was interviewed on fox friends earlier this morning. He pushed back as well against those iranian claims. Watch. Cant add much to it specifically, having had a chance to lead that Great Organization the Central Intelligence agency. I would urge everyone reading that story waking up that the Iranian Regime has a long history of lying. That is part of the nature of the ayatollah to lie to the world. I would take
Ira what is going on internationally and what is going on with currencies tends not to have as big of an impact on the u. S. Economy than it does on a lot of others, primarily because most of our economy is not exportbased or import raised as much as the president might like to think so. The question is is the consumer in the u. S. Going to maintain its purchasing of domestic rocks and services. Right now, they continue to be growing at around 4 were year. That is not bad. The president is saying these things for political reasons. He needs a scapegoat in the event the economy does fall down and he wants to blame the fed as opposed to regular cycles or his own geopolitical issues that he creates with these trade tensions. David we will hear more from ira jersey. Lets hear more from joe in washington. We have about to leave to visit iowa. At the same time we have Vice President biden in iowa. What is bidens message going to be to those voters . Joe he is going to rip into trump thorough