The u. S. Has labeled china a currency manipulator cranking up trade tensions between the worlds 2 biggest economies the decisions rattled investors on International Stock markets trumps decision follows the sharp weakening of chinas you one currency which breached the closely watched barrier of 7 against the dollar yesterday the u. S. Treasury said it labeled chinas current china a currency manipulator because it had devalued its currency quote to gain an unfair competitive advantage in the worst sell of of the year the dow jones lost close to 3 percent on monday shanghai composite shed 2. 4 percent asian markets later had some of the losses. Lets go straight to our Financial Markets correspondent bartz who is in frankfurt only it seems like the trade war has entered a new round and in new arena tell us what does it mean when the u. S. Calls a country a currency manipulator. Well when you manipulate your currency youre doing that in order to get an advantage in trade and donald trump
The german wonderful. [laughing] one of the biggest meetings weve had. Thank you very much. [gavel] [adjournment] madam secretary, call the roll, and commissioner willie adams, here. Brandon, here. Katz, here; approval of minutes for july 12, 2016 meeting. All in favor say aye. Next item. Pledge of allegiance. I pledge allegiance to the flag of the United States of america and to the republic, for which it stands, one nation, under god, indivisible, with liberty and justice for all. Announcement of prohibition of sound producing Electronic Devices during the meeting please be advised that the ringing of and use of cell phones, pagers and similar soundproducing Electronic Devices are prohibited at this meeting. Please be advised that the chair may order the removal from the meeting room of any personnss responsible for the ringing of or use of a cell phone, pager, or other similar soundproducing electronic device. Announcement of time allotment for Public Comments please be advised that
Of sound producing Electronic Devices during the meeting please be advised that the ringing of and use of cell phones, pagers and similar soundproducing Electronic Devices are prohibited at this meeting. Please be advised that the chair may order the removal from the meeting room of any personnss responsible for the ringing of or use of a cell phone, pager, or other similar soundproducing electronic device. Announcement of time allotment for Public Comments please be advised that a member of the public has up to three minutes to make pertinent Public Comments on each agenda item unless the Port Commission adopts a shorter period on any item. Item 5, Public Comment on items not listed on thugenda. I dont have cards. Is there Public Comment on anything not on the agenda . 6 a, executive directors report good afternoon president adams and prez dependent adams. Im elaine forbes. My 1st report is a innovative project under development being spearheaded by tom esher of the red and white flee
Those around me madam secretary, call the roll, and commissioner willie adams, here. Brandon, here. Katz, here; approval of minutes for july 12, 2016 meeting. All in favor say aye. Next item. Pledge of allegiance. I pledge allegiance to the flag of the United States of america and to the republic, for which it stands, one nation, under god, indivisible, with liberty and justice for all. Announcement of prohibition of sound producing Electronic Devices during the meeting please be advised that the ringing of and use of cell phones, pagers and similar soundproducing Electronic Devices are prohibited at this meeting. Please be advised that the chair may order the removal from the meeting room of any personnss responsible for the ringing of or use of a cell phone, pager, or other similar soundproducing electronic device. Announcement of time allotment for Public Comments please be advised that a member of the public has up to three minutes to make pertinent Public Comments on each agenda i
Please be advised that a member of the public has up to three minutes to make pertinent Public Comments on each agenda item unless the Port Commission adopts a shorter period on any item. Item 5, Public Comment on items not listed on thugenda. I dont have cards. Is there Public Comment on anything not on the agenda . 6 a, executive directors report good afternoon president adams and prez dependent adams. Im elaine forbes. My 1st report is a innovative project under development being spearheaded by tom esher of the red and white fleet. In terms the big picture, Climate Change and alternative energy, the connection between fossil fuel and Climate Change is very well understood. Truly clean energy means finding alternative fuels that dont produce green house gas. Solar and wind power are increasingly common. In San Francisco we are benefit from hydro eelectric power from hetch hetchy. Today we have electric cars powered by batterys. Many recall former governor schwarzeneggers hummer. This