bike maker can t announced it was moving production at sight of china citing $20000000.00 in increased annual costs as the reason but it didn t move those jobs to america instead it s bikes and being made in cambodia and let s bring in our financial correspondent in new york jose luis de haro so jose where does this proposed new round of tariffs currently stand. well according to. the u.s. secretary of treasury they can hop in you know about $30.00 to $45.00 days a stephen when it comes to imposing new charges there is a whole process that needs to happen before the administration can do so 1st that the u.s. trade representative all visa needs to publish the list of products that will be affected by those tariffs something that happened already early last week. to public hearing where companies and organizations will expose their opinions on.
a significant celebration of inventory build in a week you will be challenging to repeat viewing the current quarter such as this surprise in a spike in government spending also consumption growth the two thirds of the u.s. economy came out at one point two percent of the celebration from two point five percent quarter of two thousand and eighteen so it seems that old will be economy may not have been as a strong quarter as their headline g.d.p. growth rate suggest they economy it s not in danger of either office telling anytime soon. so a mixed bag there jose luis de haro there for us in new york thank you jose now over to china the country s belt and road initiative aims to link the asian power to markets around the world through massive infrastructure purchases and projects of scale of the initiative and the dead it s already created for host countries have drawn criticism china is now holding
increase in exports declining were imports and consumer demand numbers were largely welcome news to investors concerned about the threat of a looming recession and p. five hundred nasdaq index is hit record record highs on the news but bond yields also fell typically a sign of investor wariness. and let s go now to our financial correspondent in new york jose luis de haro for more on this jose sort of a mixed response there what s going on what are investors seeing. while looking at beyond a headline number of stephen there are also some calls out for concern and we will probably see how the economic growth here in the u.s. that will a slow down more towards the two percent mark as we go through the year obviously the recession in the medium term is out of the question about the hike in exports between january and march will probably won t continue global trade is a still weak and trade tensions are far from over also into first quarter there was
let s talk tech now facebook saying it expects u.s. regulators to find it between three and five billion dollars for the data scandal involving political consulting firm cambridge analytical of the penalty would be a milestone in the u.s. which is avoided going after home grown tech companies unlike regulators in the e.u. and the biggest us find to date twenty two million dollars against google in two thousand and twelve replacing cookies on safari internet browsers that pales in comparison to recent finds a total of nine point two billion dollars against google on various claims that it abused its market dominance to promote its own products of facebook is of course now the focus on both sides of the atlantic the e.u. could impose a one point six billion dollar fine for recent data leak and there is that possible cambridge analytic affine from the u.s. let s talk now to our financial correspondent new york jose luis de haro jose does
talk tech now facebook saying it expects u.s. regulators to find it between three and five billion dollars for the data scandal involving political consulting firm cambridge analytics the penalty would be a milestone in the u.s. which is avoided going after home grown tech companies unlike regulators new e.u. and the biggest us find to date twenty two million dollars against google in two thousand and twelve for placing cookies on safari internet browsers that pales in comparison to recent you finds a total of nine point two billion dollars against google on various claims that it abused its market dominance to promote its own products of facebook is of course now the focus on both sides of the atlantic the e.u. could impose a one point six billion dollar fine for recent data leak and there is that possible cambridge analytic a fine from the u.s. let s talk now to our financial correspondent new york jose luis de haro jose does