The florida new york stock exchange, it was another brutal day, stocks pulled back from todays lows, this is the dow worst weekly weight loss in the context of an historic breathtaking run, 11 trillion added since a president was elected. The administration breaking news it is pushing back on a Washington Post story that the president is now talking about emergency tax cuts, we will get to that in just a Second Period the Federal Reserve says it made to undercut tax. It is now back at levels last seen in june of last year. Lets get to jonathan, the crowds have been gathering for hours at the rally in South Carolina. Good to see you. Really good to see her. Some of the people in this crowd are waiting in line outside of the coliseum in North Charleston since 7 00 a. M. Yesterday warning to ensure they could get into the rally. Before leaving washington President Trump spoke briefly with reporters about the stock market jitters driven largely by uncertainty of the coronavirus outbreak, h
Expected profits for 29 teams but remains in tangled you know a massive wave of costly lawsuits over the weeks kill that brown dot. Com to do business like a johnson berlin good to have you with us i was starting with a look on the markets european stocks opened 2 percent down this morning due to mounting concerns about the spread of coronavirus on the continent the virus is highlighting the fragility of the Global Economy affecting the circulation of shipping containers interrupting supply chains and affecting Consumer Confidence and the biggest losers right now are airlines easy jet has seen its share price plummet losing 20 percent of its value since last thursdays close though its not the worst affected you know weve seen a 38 percent decline in its share price over the same period. Of the groan a virus has also reached to several states here in germany however the number of confirmed cases is Still Limited but in a statement a German Health minister again sponsored he expects the
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