This Bright Future we must hold accountable the nation which unleashed this plague onto the world china. For more on whats going on in this tit for tat between the worlds 2 largest economies we want to bring in bill must cohost christiane i and author of understanding socialism and host of economic update professor Richard Wolffe professor as relations between the u. S. And china theyre continuing to deteriorate is a cold tech war really an unavoidable at this point and if so how is this going to end. Well i think its avoidable i think what youre seeing is mostly posturing by mr drum for domestic electoral votes. Theyre seen china seems to be is are a year of what will gain games from congo or. It is crazy short there is really nothing else like him to blame china for this bill you know the United States to be prepared for a virus or to be able to contain it United States is forming a risk in the world people and 25 percent of the worlds koroma cases and the rona debt other countries h
Spending that comes out i think the obviously the hurdle here is is actually Getting Congress to act but again the fed is showing a willingness especially with what powell said yesterday there was no way that there could be too much stimulus and that is fed speak for saying whatever it is if its 2 or 3 or 4 trillion dollars whatever the price tag is how many treasuries are issued we will buy them in the open market and ensure that there is a smooth transition to getting that money from congress out to the people we get that in spades the problem is that fed policy so far has proven that it doesnt do a lot in terms of satisfying its 2nd mandate it can keep the stock market up thats what quantitative easing does thats what money printing does thats his part so to speak of Monetary Policy but again that policy is not doing a lot and the the. Stimulus that is expected to come after the election really also doesnt address the underlying obstacles and challenges that are facing this economy
Of the big headlines of the last 7 days here in r. T. International with me kevin oh in this hour 1st germanys accepted moscows request for legal cooperation on a probe into the alleged poisoning of alexina valmy however state prosecutors want some information will only be shared with the activists consent it says Russian Police asked to interview him in berlin restylane hospital germany adds to it still expects russia to be held accountable for the incident. The relations with russia are influenced by the fact that russia is 1st of all an important global actor and also by the fact that in the past and in present times we have had some problematic topics between each other and we should express ourselves carefully this time there was an attempted murder on mr novelli performed with a very specific and internationally banned nerve agent of the novacek group and our demand is that russia urgently explain. What happened this. Hour authorities are investigating this incident we dont like
This is that weekly here on R T International where we bring you the days top news along with a breakdown of the biggest headlines from the past 7 days. First than germanys accepted moscows request for legal cooperation on a probe into the alleged poisoning of an exit in a wildly our state prosecutors warn some information will only be shared with the activists consent it says Russian Police asked to interview him in berlin where hes in the hospital in germany and its still expects russia to be held accountable for the incident. The relations with russia or influenced by the fact that russia is 1st of all an important global actor and also by the fact that in the past and in present time we have had some problematic topics between each other and we should express ourselves carefully this time there was an attempted murder on mr novelli performed with a very specific and internationally banned nerve agent of the. Group and our demand is that russia urgently explain what happened. Our au
This is boom bust one business show you cant afford to miss friendship or in washington coming up the numbers are in the United States took a major hit to its g. D. P. In the wake of the coronavirus dropping more than 30 percent annually straight ahead we analyze the extreme drop and the state of the real economy here in the u. S. Plus a big texas seeing an influx of antitrust cases as tech tensions continue to rise across the globe later on in the show where to take a look at the cases and whats at stake moving forward with a packed show today so lets dive right in. And we lead the program with the latest Economic Data out of the United States the Commerce Department reported wednesday Gross Domestic Product fell by a record 31. 4 percent in the 2nd quarter of 2020 now the number was a slightly better than the 31. 7 percent decline projected in august the contraction was more than triple that of the previous record holder of 10 per cent in the 1st quarter of 1958 now economists suspec