List smart phones laptops and tablets manufactured by wall way will continue to use android for the foreseeable future with hope officials hoping they will never have to make an official switch to harmony meanwhile the Financial Times is reporting news that Chinas Communist Party has called on all state offices to move forward hardware within the next 3 years the policy has a 352 mandate which means replacement of the software and equipment will happen at a pace of 30 percent in 202050 percent in 2021 and the last 20 percent in 2022 analysts say that this could mean as many as 30000000 pieces of foreign equipment in these Chinese State offices that will need to be replaced now for more on this we did an apparent trade win for the u. S. Lets bring in peter schiff c. E. O. Of Euro Pacific Capital peter thank you so much for joining us today i want to jump right in here so lets start with your reaction to this reporting regarding chinas plans to remove foreign hardware from stays offices
These are your markets. There seems to have been the u. S. Saying they will remove the threat in china, which is why we have seen a little bit of moves. Awaye exactly seven days from that election. Opec meets in vienna, brent crude at 62. 91. Moncler, really the stock of the day after that report that kering, the owner of gucci, was interested in buying moncler. They do jackets for the winter, skiing jackets now turned into fashion. That stock price has gained 9. 2 . Moncler at 42. 40 two. Coming up, we talk all things fx. It thing or two to say about the pound. We will also talk about emerging markets. Lets get straight to the bloomberg first word news in new york city. We begin with fiscal stimulus. Japans government pulling out all the stops. Tokyo announcing measures to support growth as the economy contends with an export slump and the fallout from the sales hike. We have learned the total package amounts and is expected to boost growth by 1. 4 . An unexpected hold in india. R. B.
And this is the bus broadcasting around the world covering all aspects of our Global Economy in the 21st century. And im french born in washington heres what we have coming up today i feel has been reached to ratify the u. S. M. C. A. And the deal might be signed by the end of the year were bringing break down what lawmakers are saying about the landmark trade deal plus jeff bezos of amazon claims that its him about a job to support the department of defense why bezos says that his employees feelings on supporting warfare are important when it comes to the direction that the company will say. And their stock keep falling since its acquisition of monsanto 3 juries have found that roundup caused cancer and now the number of claims being filed has more than double those of americas boyer might happen tonio joins us to explain where the lawsuit will go from here it is a packed show so lets get started. And we begin with developing news right now in the u. S. In ca which is the new u. S. Tr
Friends and we are in this great museum and with the exception of the chilly weather and we have an excuse to say this and to date, what i want to talk about in the auto empire and we understand this crucial moment to get a better grasp of it. We turn our attention to this experience. Its not easy to be the first speaker after the lunch break but ill try to make it interesting. For the ten long years between 1912 and 1922, through the period of crisis which was in conflict. In 1912 and 1913 and the First World War in 1914 and finally the turkish war in 1919, 1922. The empires in the capital room had millions of people dead wounded and captive. A lot believed they were the one on a much larger scale in the conflict step preceded and followed it. Its four years from october 1914 to october 1918. The hope of regaining the territories lost in the previous conflict is the most valuable but also the empires last promises in africa to the cold war against italy in 1911, 1912. More importantly
Lunch begins right now. Welcome to power lunch t shares of boeing are the biggest on the dow that stock down more than 12 in two days well have much more on this story later on thank you. We begin with president s frcomm president. Eamon is at the white house with more. Reporter the president was putting an optimistic spin on where things were going with china. He wants democrats to pass it. He calls them the do nothing democrats but if they pass this one, he will give them all the political credit if they do that the president continuing to lobby there. On china what the president said is they are suffering. Their supply chains are going down the tubes Robert Lighthouser spoke in this Cabinet Meeting to say that ultimately he feels they are going to get toured a phase one deal but not until the president and xi jingping meet later this year he says theres still some issues to be worked out. The president continuing to suggest things are going well and he sees the phase two issues as b