Got down worldwide today it was yesterday because everything seems further apart than ever but the thing is like we were never close to phase one to begin with nothing has changed the narrative has not changed since i was even earlier this march the end furthermore everyone now theyre looking at the december 15th deadline because thats really the backstop for the entire phase one deal right now thats the backstop and thats the leverage at present temporarily has and right now analysts are saying that if this tariff goes into place that will be terrorism 156000000000. 00 worth of goods and for the 1st time ever this will affect consumer goods and electronics so its funny because both sides keep sounding like phase one is close were almost there beijing same meetings will make make this happen like were going to get it together well get it done but then as they talk about it the closer they seem to get the more they kind of up the terms of what they was trying to keep saying well we want
A bearish cycle for the Worlds Largest cryptocurrency weve got a lot to get to on a very busy day so lets get started. And we begin with fears that in fact there will be no phase one trade agreement between the u. S. And china at least not this year and those fears are translating into lower economic forecasts for not just the u. S. And china but really for Global Economic growth the organization for Economic Cooperation and development said on thursday that the Global Economy is now at risk of settling into a quote low growth rut the o. E. C. D. Has now lowered its forecast for Global Economic growth in 2020 to 2. 9 percent from the 3 percent expected in september meanwhile the c. E. O. Said thursday that members of the g 20 continue to impose restrictions on imports in the 6 months through october with new measures affecting 460400000000. 00 in goods kristie as we do each day lets talk about this because 1st of all as we mentioned on wednesday right there is talk to. This phase one d
Each day lets talk about this because 1st of all as we mentioned on wednesday right theres talk of this phase one deal between the u. S. And china may not get done this year which really isnt a big surprise it would take what about 5 weeks for a deal to be signed and were already up against it based on where we are in terms of the calendar but even though you know that would be assuming everything is ready to go right now but it seems like both sides u. S. And china are further apart than theyre pretending exactly and this is as you said like it would take certainly a long time and the markets really shouldnt be surprised by this so the markets got down worldwide today it was yesterday because everything seems further apart than ever but the thing is like we were never close to phase one to begin with and nothing has changed the narrative has not changed since i say even earlier this march the end furthermore everyone now theyre looking at the december 15th deadline because thats reall
World. Our bloomberg voices are on the ground with this mornings top stories. We want to start in hong kong, where the chaos continues. Police and protesters clashed again after violent weekend standups. The Chinese Foreign Ministry Spokesman reiterated beijings support for the police force, calling the protesters extremely violent criminals. Precedent, you can see what is happening in hong kong right now is not a peaceful demonstration. It has turned into a violent protest against ordinary people led by a small group of extreme violent criminals. Alix joining me from hong kong is karen leigh. Walk us through the significance of what happened over the weekend in terms of escalation at the university. Anotherong kong had week of chaos after a week that has paralyzed part of the city. Carrie lam and other officials are urging protesters at the university to surrender, even as activists are calling for more rallies near the campus to support these demonstrators cured police and protesters
Good morning. Whether this will really make a difference for passengers bus. A new british record and a silver medal for Dina Asher Smith you may not bejumping at the world athletics you may not be jumping forjoy when championship in doha. A brilliant performance but not many you hear the weather today because we have more heavy rain coming in people there in the stadium to watch it. From the south west which will good morning. After such a wet and exacerbate the situation we had at the weekend but before that, a lot windy weekend for part of the uk, of dry weather, some sunshine and some fog patches in the west. I will today, we are off to a dry and have more later on. Bright start before many more heavy rain sweeps in from the its monday the 30th september. Our top story south west later. I will have more the conservatives are aiming inis south west later. I will have more to get their Party Conference back in 15 minutes. On track following allegations about its monday the 30th septe