no on the latest growth figures we just cited some of those for china on the global forecast 429000 the i.m.f. forecast is now at 3 percent that would be the lowest level in that figure since 2008 and that highlights a necessity perhaps from market policymakers to strengthen domestic financial vulnerabilities pose risks to growth in the medium term what domestic vulnerabilities do you think policymakers at the i.m.f. are steering national pauli make and policy makers toward addressing. well you know there s no i don t put a lot of credence into the i.m.f. to begin with i mean going back to christine lagarde i mean they really don t have an understanding or who have even how the business model works so i really put very little into what they say and if you want to tell you that china s numbers china s numbers i ve never been we can never prove it to shine numbers are accurate either so between the 2 of them i really don t even pay virtually no attention nor do markets as you c
the wrong legal interpretation and that china was a serial offender according to reports so the us just decided to ignore the ruling decision of the day because it didn t like the outcome of the case so now china is requesting authorize ation from the d.s.p. to suspend concessions and related obligations at an annual amount of $2400000000.00 the u.s. could challenge the amount of sanctions sought which would send the dispute to arbitration and while all this is happening the u.s. is working a different angle with to hit china back with the transatlantic fight over the aircraft subsidies at the between the u.s. and europe may allow for the e.u. and us to come together to draft rules for industrial subsidies to take into the w t o as a way to force change in china all it needs now is a final resolution to the air bus boeing fight. the international monetary fund s latest world economic outlook report has joan greeted china. growth forecast to 5.8 percent for 2020 lower than the
china trade war we re seeing businesses like we were who just pulled their i.p.o. filings and h.p. who also just unveiled plans of some major restructuring that will basically cut off and slash 70029000 jobs so that s a lot of people who will be on unemployment but if you take a look at this specific charge of the employment non-farm you see where we stand today if you look at some numbers back when when the financial crisis occurred in 2008 you can see there was a dramatic drop during that time before the financial crash and then you see where we stand today as far as. the 3.5 percent so of course it s no surprise the president can boast where wherever he can so he took to twitter and he it s no surprise that he was touting the state of the u.s. economy saying breaking news we are doing great want to impeach your president you know so so going into that but the for. the reserve has already cut rates twice this year and it looks like people are expecting for them to cut rates
know so so going into that but the federal reserve has already cut rates twice this year and it looks like people are expecting for them to cut rates once again in their meeting next week and then again in december when they meet again so people are looking at these expectation of federal the fed s cutting their rates 2 more times just this year and that s the most that it s happened in decades actually you know unemployment has traditionally been a lagging indicator so president boasting about what a strong labor market this is that s not really saying much at all so meanwhile on the trade front with president trump they re set to meet with china next thursday for their 13th on trade talks is there any improvement in their relations well the u.s. merchandise trade deficit narrowed from july to august according to this new report released today by the u.s. department of commerce but the china trade deficit looks like it narrowed down in august as exports rose to a fire much h
correspondent john king is on his delve into the details of the new revelation to get into a bit of the business mindset let s go. the september jobs report is out and the numbers show a tight labor market as the unemployment rate dropped to a 5 decade low the top line data looks good with 10 industries adding jobs 3 losing and one unchanged alleviating some concerns on the street and boosting the markets today but let s take a closer look the payroll report was rather stagflation area as wage growth was flat stagnating and posting the worst annual growth in one year if we take out government jobs private payroll added only $114000.00 jobs which is the 5th lowest private jobs in the past 3 years and finally if we take a look at the composition of job gains that wasn t so great with only low paying jobs in education and health category at the top meanwhile you have a decent ration of wages in high tech which previously was the fastest wage growth and this all come. the world s