A business of course of cold war welcome and we start the program with the turmoil at the World Trade Organization at the bodies by annual meeting and as iris the u. S. Representative said the w t o has lost its focus and was going to easy on wealthier developing countries like china the e. U. Is top five economy back saying Donald Trumps tax cut plans may distort international trade. Protests are a common sight at these conferences but theyre not the only ones upset with the w t o the United States was once a big proponent now under President Donald Trump it is more of a skeptic well all members agree that the w t o needs improving the u. S. Is threatening to pull out altogether a sentiment made clear by u. S. Trade representative robert slight ties a who presented a veiled critique of china in particular. We cannot sustain a situation in which new rules can only apply to a few and that others will be given a pass in the name of self proclaimed Development Status far from the usual tr
This is my market talk. What were seeing across the globe is a little less worry emanating from the tensions between the u. S. And north korea. That seems to be showing signs of easing. Shares in europe following asia higher. Climbingk futures also , treasuries down, and yen up. Lets get straight to the bloomberg first word news. Heres Sebastian Salek. Sebastian donald trump has faced more criticism after failing to personally denounced the White Nationalists and neonazis who held a rally in virginia. The white house released a statement saying the president condemns all forms of violence, ty, and hatred. Vice president mike pence made similar remarks in columbia. Groups thatremist need to be pushed out of the public debate entirely and discredited for the hate groups and dangerous Fringe Groups they are. Has refused toe rule out military action to resolve the crisis in venezuela, but he said the u. S. Would prefer a peaceable solution. He and the colombian president said they are look
The process of hollowing out the community. Reporter to the baby boomers who are able to buy home decades ago and now call steve and kate entitled millennial brats . They didnt have to deal with all cash offers. They didnt have to deal with foreign investors. They werent saddled with 100,000 of college debt. All of those people thought it was perfectly normal and fine and sane for middle class people like teachers and plumbers to own houses in palo alto but those seem people are now turning around same people are now turning around saying you should be fine with renting forever. Thats your lot in life. Nobody listens when you say you cant afford to live here. You know why people are listening i have no idea but all the normal people who make up a normal community are being priced out. And the question is, is that really what we want for our future . Reporter we tried to get reaction from the mayor but through a spokesman the city of palo alto had no comment other than to say that the p
Credits for installing advanced Automotive Technologies . I think the general principles about a stated a pretty important to the American Public expects both safety and Public Health. The second part is i really hope that the manufactures have enough incentives for lifesaving technology. Subsequent replies they save by putting those advanced technologies in those vehicles. The want to give an opinion whether you like or support this idea of giving automakers the cafe credits because they install these advanced auto technologies . Will provide detailed Technical Analysis but we dont think there should be a compromise. We should be able to get safety and Public Health and Environmental Concerns addressed. Because i think incentives are already there, save lives, prevent injuries. Basha be the highest incentive anybody needs. I appreciate that. What impact with the corporate average fuel economy or cafe credit provision in this have on vehicle fuel economy and how might that affect consu
My questions on the safety bill i introduced with the Ranking Member and congresswoman capps. The companion legislation pass td senate with bipartisan support as part of the senates highway bill, and is supported by the rental car industry. Many of them are here today. Consumer organizations and General Motors and honda and others. It would ensure that rental Car Companies fix recalled vehicles in their fleets before renting or selling them. So let me ask you, mr. Administrator, thank you for coming today, come to opponents of the legislation said rental Car Companies should be allowed to rent or sell unrepaired, defective, recalled cars, unless the manufacturer has specifically issued a, do not drive warning. Is there any federal standard for when a do not drive warning must be issued . Thank you for pointing that out because that do not drive issiis issued by the manufacturer, not nhtsa. Theyre determining whether or not the criteria would be to allow that to occur on a rental or use