Hinted more rate cuts could be coming due to the trade war. Steve liesman is at the fed summit in jackson hole, wyoming, but we begin the washington where the president is expected to announce new actions against china. That announcement could happen at any moment. Ylan muay is live with that . Reporter looks like that response is happening right now. The president put up several tweets, including one that said our country has been losing billions of dollars to china every year with no end in sight, and china should not have put more tariffs on 75 billion dollars on u. S. Products thats politically motivated. He said starting on october 1st, the 250 billion dollars of goods and products from china taxed at 25 will be taxed now at 30 he said additionally the remaining 300 billion of goods and products from china being taxed on september 1st at 10 , that now will be taxed at 15 , and he thanks us for our attention to this matter i think markets have been paying very close attention theyv
Have to have a clean speech soon, if you listen to what i said in my speech, there are lots of things that need legislation, we will need to have a budget very quickly and by the way, that thing not connected tonight as we will have a budget with the preparations for a no deal brexit and big business tax cuts and the first week of september. Applause. And then well have the queen speech earliest available. Applause. And then well have the queen speech earliest availablem you can give me a date for a budget why not for the speech . As much as i love you and ive gotten to know you. Steady now. Ithink love you and ive gotten to know you. Steady now. I think there are some things we do not need to talk about in the public arena. So the which ill agreement, is it dad . As it is now, yes. We have to be dead. I wanted to get a deal, and so we have to make some profound changes to that agreement, not that does not mean ripping up the whole thing. But it does mean that backstop has to go. Entir
Well have the latest from ukraine, where the party of comedian turned politician president Volodymyr Zelensky is on course for a decisive victory in parliamentary elections. And liftoff in india which has launched its Second Mission to the moon. Irans seizure of a british flagged tanker has been described as an act of state piracy. Heres uk foreign secretary jeremy hunt. If iran continues on this dangerous path, they must accept the price will be a larger western military presence in the waters along the coastline, not because we wish to increase tensions, but simply because freedom of navigation is a principle which britain and its allies will always defend. That statement came after the uk government held an emergency meeting over the escalating International Crisis in the gulf. Its called for the release of the stena impero tanker which the uk says was seized here in omani waters. Lets take a listen to how it unfolded. Heres the Radio Exchange between iranian guards, the tanker and
I was not happy with it. I disagree with it. The american financier Jeffrey Epstein will have to stay in jail while awaiting trial on charges of trafficking dozens of underage girls for sex more than a decade ago. And instagram is stopping users in some counries from seeing how many likes other peoples posts received it says its to remove pressure on users. A lot to get through on brexit and british politics. First, parliament has voted for an amendment intended to block the house of commons being suspended in order to force through a no deal brexit. Bbcs Political Editor laura kuennsbuerg, amendment passed comfortably. 315 to 274 commons just made it harder, altho not impossible for hypothetical borisjohnson pm to suspend parliament. Remember Boris Johnson is the favourite to win the conservative leadership contest next week and so become Prime Minister. He insists the uk must leave the eu on 31 october whether there is a deal or not. He also has repeatedly refused to rule out suspend
The number of cases is 100, ten fatal. Mayor de blasio announced that any building with a cooling tower will have the system tested asap. The order instructs the owners or manager to test and disinfect their cooling tower within the next 14 days. Failure to comply with the commissioners order is a misdemeanor. Reporter the state is getting involved as well. Today the Bronx Borough president invited the state Health Commissioner to tour concourse plaza, a Shopping Plaza where one tested positive for legionella, the bacteria that can grow in water based systems. Time is not our friend. We need to make sure that the borough is safe. The governor ordered that the state provide testing of cooling towers for free. Incredibly populated area. A lot of people, a lot of cooling towers and we are trying to figure out how it started. Reporter the mayor says the required testing is out of an abundance of caution. Until the numbers come down, wendy rivera plans to avoid the affected neighborhoods. I