building things that they have other components from other areas of the world so this is going to impact the global automotive industry they re talking about g.d.p. being impacted by up to 5 percent that s huge when you re looking at something that s one country can impact that much on others other companies such as suzuki have were going to go to china to get components and they re sticking with india and i think you re going to see a lot of other companies looking to other places to get parts lord i do actually have a follow up on this because when you talk about almost every auto manufacturer being affected by this i mean china is the number one producer of autos are there actually manufactured there not to say that the companies are chinese necessarily so is anybody going to come out a winner on this is there anybody who s in a position to actually move you know move past this or is it basically the whole industry is kind of suffering and nobody gets a leg up. i don t kno
have were going to go to china to get components and they re sticking with india and i think you re going to see a lot of other companies looking to other places to get parts lord i do actually have a follow up on this because when you talk about almost every auto manufacturer being affected by this i mean china is the number one producer of autos are there actually manufactured there not to say that the companies are chinese necessarily so is anybody going to come out a winner on this is there anybody who s in a position to actually move you know move past this or is it basically the whole industry is kind of suffering and nobody gets a leg up. i don t know if anyone s going to get a leg up because the parts industry isn t being impacted they call it the rock candy mountain there because literally a lot of components are being built for all over the world and so this is one of the things that you know we think about not just automotive but everything from cell phones to any
this is the one business show you can t afford to miss this one and i m british born washington coming up president trump and president xi are making the case that the phase one trade deal won t be affected by the coronavirus why do they need to make that public we ll explain plus the global global car industry is basically a huge shock from china the car coach lauren fix is here to break it down just the u.s. attorney general really just say that the u.s. government should take ownership stake in cell phone companies which companies and why just minutes away a lot to get through on this very busy day so let s get started. and we begin as president and china s president xi are making and reaffirming their commitment to implementing phase one of the u.s. china trade deal what was the need for that well because as we have reported inside that deal is a disaster related clause that clause would allow china to avoid repercussions even if they cannot meet the target of purchases o
California. Historic flooding to report. Many forced to evacuate their homes as the river rose to the highest level in decades. A baby with cyanide related defects was born in new jersey yesterday. The first berth in the tristate area. 10 Million Pounds of father recalled at General Mills says some of the products may be contaminated with the strain of e. Coli. A wall street darling under pressure appeared by under armour was forced to cut its Sales Outlook on the Broader Market today in asia. Weakness across the board this last hour japans Prime Minister announced a new government will do that an increase in the sales tax for more than two years. Markets largely lower in asia. We had reagan and manufactured on the eurozone coming in below expectations. And the u. S. , also looking at a lower opening. Dow industrials to up and down 50 points today. Nasdaq s p under selling pressure. Germany this morning, Dagen Mcdowell, riskless m. Murphy and national cochairman working or taking us. G
Deportation. Senate supporters of the Keystone Pipeline came up one vote short last night. 41 and it was a blow to senator Mary Landrieu who wanted the Keystone Pipeline to pass. Only 14 of her fellow democrats voted in favor. Here,makes sense for jobs jobs in canada, jobs in mexico and makes sense for us to stand against the tyrants of this world. The battle over keystone is not over. Mitch mcconnell says it will come for a vote next year when republicans have a majority in congress. The central bank has agreed to stay the course with record monetary stimulus. It came one day after Prime Minister shinso abe said he would delay a sales tax hike. It is blamed for pushing them into recession. The u. S. Is demanding the automakers expanded airbag recall nationwide. There has already been a recall of almost 8 million cars with airbags made by japans takata corporation. Have malfunctioned and high humidity states. A nationwide recall good peoples lives at risk by diverting Replacement Parts