In the economy grow to be in 2 years we china is most last thing growing economy and then you have the fossil growing to go on i mean its also quite a lot of Electrical Energy the build a lot of the bridges they build a lot of electrical stations you know make their stations and this is a reason why they have resources just to like ron the Mining Operations and in china because they have better composite see right now approximately like ports see maybe 50 percent of the Mining Equipment operating right now but during that time i think these distribution will be changed soon right now people just doesnt really trust for their government because the government doesnt have to be nations about the money the europe doesnt have a very good prices for and it doesnt get an out to boston city because the idea that. The coin is becoming the new gold its becoming gold 2. 0 still hardest money thats ever been weve ever been and ever seen in. Manatee it seems logical that eventually states governme
And then think only by b. Quietly using them from the seventys but the normally revolution if you feel about the beat going like bachmann for structure its the warmer all the operational expenses and this is the reason why instead of the c. P. U. The speech for g. P. U. Because the working more efficiently and consume less Electrical Energy and then they go to f. P. G. A. And right now all the new cities using a seems ok so theres a bit of an arms race in the technology of big client mining and in china of course you have huge players who not only designed chips but they also have a lot of Energy Available to them and they dominate with between 40 or 50 percent of all the mining depending on how you look at it is is that concentration of mining in china is that an accurate description and is that going to continue in the near future and is the new coronavirus does that threaten chinese mining in any way. 2. Is forced chest like the obstacles for china because see if you look equal in t
Rape. You can find out more about all of those headlines of our t. V. Dot com today with an r. T. A. Now for the kaiser report thats next. Im max keiser this is the kind of report stacey what are we doing here this doesnt look like mexico in fact we are in mexico so were trying Something Different were down in cancun on the beach were covering the stories of mexico and having a good time but were doing it. On our. Backs kaiser and lovely cant couldnt mexico on the beach with the palm trees swaying in the monkeys chattering special guest with us today alex petroff see i. Bit fury there rocking it out in the mining space thank you marks for my to. Finally tell us about theory its a company that was very early into big and we heard about it we talked about on cars report going all the way back maybe to 2011 or so but tell us a little bit about it to be for it was wrong to be in 2002 well initially it was like everything was just beginning from the whole big suv the people were so many dif
Least. Day two of the Goldman Sachs global macroeconomic conference and goldmans chief equity strategist. We have breaking news out of south korea and Fourth Quarter g. D. P. Numbers. This is much faster than what was expected and fastest pace since the Third Quarter of 2017. These are the preliminary numbers for the Fourth Quarter. The south s also korean economy expanding 2 meeting the bank of korea projections and have seen growth in Household Spending and gains and Consumer Confidence and a lot of it supported by the south korean with their budget being passed in august and seeing a growth of 1. 2 , which would be the fastest pace since the Third Quarter of 2017 and for that 2019 growth of 2 which is atching. Lets look at what it is setting up. We had reaction across asian markets which led to the european session in declines and the u. S. As well as account of the news of the spreading china case. Avirus and one and not much of a rebound. Futures are looking pretty soft and we are
We bring you todays market moving news from around the world. Our bloomberg voices are on the ground with this mornings top stories. We want to begin with china. The government has agreed to cut import tariffs on a wide range. F goods joining us is stephen engle. Break down what we know about the tariffs, why now, etc. Stephen this comes fresh after a trade one agreement a phase one trade agreement. A gesture, yes, to show its lowering trade barriers, but it also wants to spur domestic spending for those 859 products he mentioned, from smartphone parts to food, in particular, frozen pork. All of these products will enjoy lower tariffs, and it comes as china hosts a critical trilateral summit this week that has already kicked off in beijing between china and japan. South korea will also take part. Trade, territorial disputes, military maneuverings, of course, exacerbated by north thoses posturing, and all historical animosities still persist. So those talks should be welcome. Been korea