President trump promised the deal of the century to bring peace between israelis and palestinians his son in law a white house adviser Jared Kirshner delivered an economic roadmap he called the opportunity of the century the proposal was roundly dismissed by palestinians and many others the plans called for 50000000000. 00 in investments over 10 years 28000000000 would go to the palestinian territories in gaza at the Israeli Occupied west bank the rest to be split between jordan egypt and lebanon its hoped the money would help to double the Palestinian Economy creating 1000000. 00 jobs in the process that should reduce the palestinian Unemployment Rate to nearly Single Digits and lower the palestinian poverty rates by 50 percent so whos writing that 50000000000. 00 check well question i had hoped the gulf states and private investors would see the benefits of the 179. 00 proposed infrastructure and business projects including a 5000000000 dollar corridor all to connect the west bank an
Movement President Trump threatens owe obliteration if iran attacks anything american in the latest war of words between washington and tehran well speak to u. S. Treasury secretary Steve Mnuchin within the hour and thyssenkrupp shares get a lift on a report of a possible offer by Engineering Firm kone for the elevator unit. And european chip stocks rise after micron beats Third Quarter forecasts and resumes shipments to huawei despite a washington ban on the chinese tech giants. Good morning the Federal Reserve chairman, Jerome Powell, has warned that the outlook for the u. S. Economy has deteriorated since early may thanks in part to uncertainty about Global Growth and trade. Powell said publicliey during a speech that the Federal Reserve remains independent. He insisted the central bank has yet to decide when is the right moment for a rate cut. The question my colleagues and i are grappling with are whether these uncertainties will continue to weigh on the outlook and thus call for
Idea is essentially to try and make peace with the arab world 1st israel to talk and make peace we are the world 1st and then sort out an agreement with the palestinians rather than what is the current idea which is for israel to reach a deal with the palestinians and then make peace with the rest of the arab world this conference is sort of helping to create this scenario or this sets up where they are world and dealing with arab world comes 1st dealing with palestinians comes seconds is sort of chicken and egg situation sort of burnet i suppose because if you wonder what the long term aim that is the of the conference is with regard to the fact that the Political Part of the deal apparently isnt going to be released until after the israeli general election in september and therefore the ground realities could be very different bye then. Well a bit where we do we do know that jarrett cushion has essentially said in the interview that he gave with aljazeera before this conference start
For your. Clear very clear. Thanks for joining us this evening this is. Says he called off a strike against iran with just 10 minutes to spare the attack was meant to be in retaliation for tehran downing a pentagon surveillance drone over the gulf region strait of hormuz u. S. President the deal however put fresh sanctions on tehran some of them slowly and very rapidly. They came in they said sure were ready to go wed like a decision i said i want to know something before you go how many people will be killed. In this case the remains they said came back. Approximately 150 and i thought about it for a 2nd i said you know what they shut down on may and. Drone and here we are sitting with 150 dead people and i didnt like it the council strike is the closest the u. S. Has been to direct confrontation with the round since the white house pulled out of the nuclear deal last year round said the u. S. Drone and flown into its space washington insists it was operating over International Waters
President trump says he is imposing more sanctions on iran to stop it developing nuclear weapons. But he says military action is still on the table. Iranian forces shot down an american surveillance drone on thursday. Mr trump then ordered three air strikes in response. But he says he called them off with minutes to spare because too many people would have died. He told reporters its now up to iran to stop the tensions escalating further. If the leadership of iran behaves badly, then it is going to be a very, very bad day for them, but hopefully they are smart and hopefully they really care for their people and not themselves and hopefully we can get iran back to an economic track that is fantastic, where they are a really wealthy nation which would be a wonderful thing. All those things i want to do but if they are going to be foolish, that is never going to happen. Our correspondent Chris Buckler is in washington. What was mr trump trying to achieve with his comments today . He has b