cut tariffs on soybeans from 30 percent to 27.5 percent also tariffs on crude oil will fall from 5 percent to 2.5 percent. well meanwhile in light of the corona virus outbreak beijing could invoke a disaster related clause inside the trade agreement that clause would allow china to avoid replications even if it cannot meet the target it purchases of u.s. goods and services for 2020. and oil futures had an up and down day on thursday as . plus technical panel has called for a provisional cut in oil output of 600000 barrels per day in an effort to stabilize prices delegates from oprah plus held emergency meetings this week to discuss possible actions to deal with falling oil but demand in china due to the coronavirus now according to a report from the wall street journal russia has rejected the plea for cuts which has caused oil prices to fall once again now sources close to the situation say russia may be looking for more time to consider the proposed cuts on the news brant cr
decided to print the people s bank of china decided to print $250000000000.00 on monday and tuesday of this week to try to push up the stock market i mean it s absolutely crazy look the way i look at things as this is the most over valued stock market in history if you look at the metric of total market cap to g.d.p. we are a full 2 and a half times more overvalued today that we were in october of 1987 before the nasdaq began to fall about 80 percent ok so this is the most overvalued stock market in history and 6 that sits in the context of the fact that there has been virtually no earnings growth throughout 200-1000 so wall street is hoping for this massive rebound in earnings a big boost in judy g.d.p. and what we can be absolutely sure of is that the coronavirus will prevent any significant rebound in both earnings and g.d.p. i ll tell you what the market is going to have to look forward to is the fact that the federal reserve from is under jay powell to start to attenuate