Talking up transatlantic trade. But these days is the Special Relationship simply more special to britain than it is to the us . And when is a 5. 3 billion profit in three months just not enough . Well tell you why investors are not happy with google and also find out if its Parent Company alphabets other bets will pay off . Welcome to World Business report. Im aaron heslehurst. We have the friday feeling and if you are watching for the first time, stay where you are, we have a snapshot of the latest in the world of business and money. We will also discuss the year of the golden rooster. But first, we start in the us where, as you have been hearing, uk Prime Minister theresa may will become the first world leader to meet President Trump when they hold talks later today. Mrs may has called on the president to renew the Special Relationship between the two countries. She is keen to show britain can prosper outside the European Union so lining up a Post Brexit Trade Deal is high on her ag
John fort still at the mobile congress in barcelona. Kayla and myself at the New York Stock Exchange as the market for a second day now well see if it gets back up again. Were down 2000 points after yesterdays losses. We have been in the red pretty much all morning long. S p below 1900. Crude in the red over 2 . Well keep our eye on all of that. According to the ap apple will tell a federal judge that the fight against the fbi should be decided by congress and not in the courts. It appears the case is already not a one off decision. The doj is demanding apples help in unlocking at least nine iphones in addition to the one used in San Bernardino. He joins us to talk about that and a lot more. Jason we have not taken your temperature on this one. I imagine you have to have some striking views. Yeah, its a very complex issue and its one that we cant let the publics sentiment decide because obviously the public wants to see our country be secure. This is a complex issue. Its not a typical
Federation of labor has been interested in the political scene for many years because of the fact that to a large extent, the conditions under which we work can be determined by legislation. Whats the difference between 1952 and 1948, for instance . Why was this particular year . Because of the passage of the taft hartley act followed by the establishment of a official political arm of the American Federation of labor that year. And then entry into the Political Campaign of 1948. Since then in addition to the law, we had 28 state legislators pass what we consider the repressive legislation and so far as trade unions are concerned. In order to carry out our objective and long range ageold objective if you want to put it that way of improving conditions under which the great masses of workers of america work and live, we have to consider the political field more and more. In other words, the people who are opposed to us have chosen the political battleground. Who you say this endorsement
Going to create jobs in this country, it turned not too surprisingly i voted against nafta it turned out to be exactly the opposite. Those people who told us how great the agreement was was going to be, were dead wrong. Why were they wrong . Well for obvious reasons. When you have workers in lowwage countries people who are prepared to work 50 cents an hour a dollar an hour, 2 an hour, it doesnt take a ph. D. In economics to figure out that corporations will shut down in america move to those countries, pay workers pennies an hour, not have to worry about environmental regulations, not have to worry about in some cases, trade unions you dont have to worry about that stuff. So what would american corporations do . Of course they would go to those countries. Thats exactly what they have done scripps what they have done. Now, i talked a moment ago about nafta. What about permanent normal trade relations with china . I dont think i have to elaborate on the fact that when americans go shopp
Companies and banks doing business with pyongyang. And with word that Chinas Central Bank has ordered its Financial Institutions to stop dealing with north korea. John bolton is the former United States ambassador to the u. N. And a fox news contributor. Ambassador, welcome back. Glad to be with you. Paul so since those remarks by the president , kim jong un has now said maybe we will send a missile with a Hydrogen Bomb over the pacific. Right. I think it shows hes trying to demonstrate hes not intimidated by everything thats going on. This would be the first atmospheric test in more than paul 1980, yeah. The environmental consequences would be enormous. But the steps that have been taken, you mentioned the executive order, i think, is potentially quite Senate Although the words china and russia dont appear in it, those are the two targets to make it very specific whos aiding north korea. Paul lets go back to this Hydrogen Bomb incident because that would be a serious escalation on the