Other asian economies im joined by our director of the mocker Economic Research division of the Asian Development bank so good to have you with us lets start 1st of all with this latest development what do you make of china asking the u. S. To be rolling back levies so that they can buy Agricultural Products of beijing that cash strapped its a bit funny. Chinas a 12 trillion dollar economy they can obviously afford to buy more of a cultural products if they want what is true and whats maybe not so funny is that the trade the trade war has really had an impact on the chinese economy and our Asian Development all of that that came out 2 weeks ago our estimate is that the tariffs currently in place have already of will impact china by. Taking away about 80000000000. 00 and of g. D. P. And about 3 or 5 more than 5000000. 00 jobs so in that sense its nontrivial they do what they do want the terror. Its rolled back just a postponement of the tariffs today is not enough and if china needs bas
A thread of your to. Go through point of a more on the impact of this protracted trade war is having on china as well as other asian economies im joined by our director of the mocker Economic Research division at the Asian Development bank so good to have you with us lets start 1st of all with this latest development what do you make of china asking the u. S. To be rolling back the levies so that they can buy Agricultural Products beijing that cash strapped but thats a bit funny to all the chinas a 12 trillion dollar economy they can obviously afford to buy more of a cultural products if they want what is true and whats maybe not so funny is that the trade the trade war has really had an impact on the chinese economy and our Asian Development i think that came out 2 weeks ago our estimate is that the tariffs currently in place have already of will impact china by. Taking away about 80000000000. 00 and of g. D. P. And about 5 more than 5000000. 00 jobs so in that sense its nontrivial th
A more on the impact of this protracted trade war is having on china as well as other asian economies im joined by our director of the mocker Economic Research division at the Asian Development bank so good to have you with us lets start 1st of all with this latest development what do you make of china asking the u. S. To be rolling back levies so that they can buy Agricultural Products of beijing that cash trucks but thats a bit funny. Chinas a 12 trillion dollar economy they can obviously afford to buy more of cultural products if they want what is true and whats maybe not so funny is that the trade the trade war has really had an impact on the chinese economy and their Asian Development all of that that came out 2 weeks ago our estimate is that the tariffs currently in place have already of will impact china by. Taking away about 80000000000. 00 and of g. D. P. And about the 5 more than 5000000. 00 jobs so in that sense its nontrivial they do what they do. The tariffs rolled back ju
Power lunch starts right now welcome to power lunch kelly, come on over and deliver, the news power lunch, that is welcome everybody. Check out the rally. Its a big one today the dow and other marks kind of taking a pass yesterday on halloween. Today up about a percentage point. The dow more than 200 points higher s p back in record territory the nasdaq launching a record high as well its first since july take a look at apple which we were talking about with josh as it launches its streaming service today. The shares are up 60 . 6 60 . A strong jobs report and some encouraging manufacturing data pushing stocks back to record territory today lets get to bob who is following the action at the new york stock exchange. Kelly, we have gone from fears of a recession in 2020 to a belief the Global Economy would be a little bit slower in 2020 but todays data has taken the edge off of that slow down narrative we have been talking about. The october jobs number better than expected. China manufa
For sirera iara eisen. What recession a better than expected jobs report started the morning with an optimistic tone china says it has reached a consensus with the u. S. In this weeks trade talks and exxon ticking higher along with industrials and financials. And in just a few minutes, the actor who plays logan roy on hbos secession will join us on the cutthroat world of media competition. Hes going to be right here at post 9 joining us for the hour is kara fineman. Here we are sitting basically at the highs of the session i found it really interesting that yesterday the markets got pretty derailed by worries that the trade talks werent going so well today we have an agreement of principle and we really didnt move so much we have that other data out today, so its hard to really parse what to me, this kind of day seemed pretty goldilocks. You had a really good jobs number in the morning, right you had progress on china. Although ive got to say, im skeptical on every update that we get a