Phase one trade deal between the 2 countries signed in january china agreed to increase imports of u. S. Goods by over 200000000000. 00 over 2 years now the 2 sides held a call last week to discuss implementation of the phase one following a threat from u. S. President donald trump to pull out of the deal if beijing did not meet their commitments now the Chinese Foreign ministry on tuesday spoke of the importance of upholding this agreement. Then the 1st phase of the economic between china and the United States china the United States and the world both parties should hold your examples of equality and Mutual Respect and jointly implement the agreement. To creating favorable. Conditions for implementing the phase one china u. S. Trade agreement and for more on this lets bring in expert analysis from todd horwitz chief strategist at bubba trading and topix with c. E. O. Of Transformative Research thank you both for being here with us today so but i want to dive right in here is there an
This is boom bust so one business show you cant afford to miss in washington coming up religion or disagree to creating a favorable atmosphere and conditions for implementing the phase one tiny u. S. Trade agreement the spotlight is back on china u. S. Trade as the peoples republic has waived tariffs on some imports from the United States straight ahead we bring you expert analysis into what lies in store for the worlds 2 largest economies plus tesla is defying california orders and has reopened operations within the state what does this mean for the auto giant we have a boom bust panel on hand to break it down you got a packed show today so lets dive right in. And china announced tuesday a new set of u. S. Products eligible for waivers from its allegory tariffs put in place a. At the height of the trade war between the worlds 2 largest economies now the Chinese Foreign ministry issued a statement saying the waivers on 79. 00 products will be put in place on the 19th of may and expire
Their catch on to peoples tastes and in other news a rare trial in the democratic republic of congo the president s chief of staff is accused of corruption. We begin with another grim milestone in the global coronavirus pandemic the death toll from covert 19 in the United States has now surpassed 80000 the u. S. Is by far the worst country in the world but President Donald Trump says america is now and try to defeat the virus alan fischer reports. Well 2 white house staff testing positive for corona virus with senior members of his task force self isolating the president put on a bill is displayed in the rose garden of the white house we have met the moment and we have prevailed americans do whatever it takes to find solutions pioneer breakthroughs and harness the energies we need to achieve a total victory we will defeat this horrible enemy we will revive our economy and we will transition into great this. Thats a phrase youre going to hear a lot because thats whats going to happen as
Preventing the u. N. Security council from agreeing on a pandemic resolution and also the news reports of threats bloodshed and forced evictions all beneath the shiny veneer of saudi arabias planned mega city. And a virtual vigil in the us for a black man shot dead while jogging in georgia this after the arrest of a father and son is. So were seeing the lines at the food bank stretching for kilometers within the job center is overwhelmed with people it is that physical picture of how badly the u. S. Has been hit by cope with 9 now though we have a concrete figure and its this 114. 7 percent that is the Unemployment Rate for april which tripled from the month before put another way that is more than 20000000. 00 jobs gone for some perspective if we go back this is worse than the global recession which followed the financial crisis of 2008 and if we go back further it even sets a new post war record that was previously in 1902 when unemployment originally 11 percent its no exaggeration t
You can visualize it you can better understand it so weve told you about all the different incidents that have been taking place here in the persian gulf over the last several weeks how volatile this this region right here has become of late its almost like think of it this way its like this area here is like a line of demarcation between 2 countries that hate each others guts they despise each other right so heres saudi arabia on this side of the firs in golf right saudi arabia which needs United States protection here in the gulf which it offers which also needs United States protection here in yemen where its fighting a war right now let me show you the adversaries the other side right here is a wrong as you can see right there which supports the actions in yemen that are at war with saudi arabia and also what can we say about iran well they want dominion of this area of the per. And golf and are trying to establish it with its navy so both iran and saudi arabia right you have iran