as yachts and art last year a leading goldman banker on the deal pleaded guilty in u.s. court to participating in money laundering schemes. it s back to luis de haro in new york luis what sort of reputational damage are we looking at for goldman if any at all. you know the new charges sign best a gay shooting to goldman sachs is widening so it seems that one m.t.v. case will exacerbate the potential reputational damage for did bank step back for goldman which has been working to rebuild its image sensor 2000 a but let s not forget india after months of the financial crisis the bank got to be described as a great job. wrapped around the face of humanity for its role in a crisis that since then there was a lot of effort to clean up how mean a stripper bank and also the fallout from demolition case. could have some impact in several senior executives payouts like for example c.e.o.
this announcement we take one more step in giving them the level playing field that they have looking they ve really been looking forward to this for many many years you folks know that they want a level playing field that s all they want on the subject of level playing fields u.s. farmers and ranchers will also have to change their ways the agreements doesn t mean the e.u. is easing its ban on hormone fed beef at all for u.s. farmers higher exports to the e.u. will make up for market share loss in china that countries slapped import tariffs on u.s. meat in retaliation for trump s tariffs on chinese products. and let s go now to our financial correspondent in new york jose luis de haro who is it will this deal in fact help the u.s. farmers most affected by the u.s. china trade war. notice the praises of stephen especially since he had to tone inches involved are relatively small on denmark s
september 1st the total will be $550000000000.00 so far china has retaliated with duties on $110000000000.00 worth of american goods. president trump also criticized china for not honoring promises to buy more u.s. agricultural products china however insists millions of tons of american soybeans have been shipped to china in the last 2 weeks and many companies have made all kinds of american cotton and pocket the trade war between the world s 2 largest economies has strict on for more than a year and the house now talks and china earlier this week ended without any progress the white house said the negotiations would continue next month in washington but that was before the latest round of tariffs was announced. and let s talk now to our financial correspondent in new york jose luis de haro jose markets
however did not immediately react as such action had been widely expected. and let s go now to our financial correspondent jose luis de haro in new york who is it there you are so the decision finally made how are the markets reacting. you know it will stephen especially after listening to your own paul giving context . was more hawkish and done investors anticipated he was a very clear estate in just a minute cycle policy adjustment meaning it s different from the start of a long cut inside goal as we saw for example in 2007 obviously did not see it well with the investors who we are still seeing i believe 2 more rate cuts before the year and so we. will let everybody down with the decision. the fed likes to say that its decisions are data driven did powell in that press
and for more on this let s check in now with our financial correspondent in new york jose luis de haro it was a nice as always to see you so what s the market reaction to these results everyone s been waiting on them. when. a low is easy to be demonstrable and that s why i upload shirts and went up up to 4 percent off to release and it s. awful keeps suffering from a muted i phone sales actually between april and june of this year i phone sales have full nearly 12 percent when compared with last year there are several factors said to take into account here one of them is surprising even if the company has made efforts to introduce relatively cheaper models i phones are still consider expensive this means said that consumers normally will not change into new models as often as they used to also. kills in a smartphone modem business attention it s already having more into 2020 new models