Now becky quick. We begin with lobster the delicacy is in high demand worldwide, especially in china but like most food exports, the u. S. china tariff war is squeezing the lobster business like a lemon our Contessa Brewer found maines lobster dealers are feeling the pinch. Its this weeks cover story reporter stephanies space is small but the Lobster Company does big business in lobster. I primarily export lobster. Reporter and when the Maine Lobster industry worked to open up china markets, stephanie was right there. Investing, expanding, ramping up to meet the newly voracious appetite for u. S. Lobster. We were doing about half of our business with china. And this place wouldve been rocking and rolling. We had basically 24hour operations reporter but since last summer, stephanies sales have plummeted by half. Shes cut hours and workers. The impact of a trade war and china slapping tariffs on american lobster july 6th, 2018, it all came to a screeching halt and we didnt really sell an
Showed that chinas trade exports contracted for the month of august largely because entirely because of the trade war with china and the United States well hear more about that from eunice yoon in a moment. Look at whats happening with the european markets that are open and actively trading a in the point. Right now most of these markets are in the green ftse is the exception down by a quarter of a percentage point. Also f you check out the treasury market here in the United States, youll see the yields that we have been watching oh so closely as we get ready for fed next week and ecb this year, ten year under 1. 6 , 30 at 2. 07 . Some news out this morning saudi arabia now confirming it has removed its Energy Minister from the position over the weekend replacing him with the kings son and that move breaking with long time tradition and convention that members of the royal family are not appointed to that position and comes just days after al falih was removed from his role after chair
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Police said just before 11 00 last night a taxi cab slammed in front of a parked car. Gunfire may have been involved, and this is a very quiet, residential block, and at this point its not clear what the motive may have been, but the Prosecutors Office right now investigating the case saying they will bin vest gaiting more today. Janelle burrell, cbs 2 news. The search for a missing fishing boat is expected to resume this morning. Yesterday helicopters and dive teams with the coast guard spent hours searching for the 40foot fishing boat. The captain of another boat reported seeing the vessel sinking, and rescuers found a life ring and a cooler and floating oil in the area. No one has been reported missing, and they dont know if anyone was on board at the time. John . Reporter thank you, mary. Hi, everybody. Refreshing weather out the door, and a great day in store for you with humidity and nice numbers. If this is the beginning of your staycation this is a day to enjoy. Winds are calm