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Transcripts For KQED Nightly Business Report 20240714

Summit in japan, the u. S. And china agreed to hold off on levying more tariffs in an effort to get trade talks going again. Prheident trump also said u. S. Would relax restrictions on American Companies sellingts prod to Chinese Telecom giant huawei. As a result, stock got an initial lift. While the gains were more tha halved, it was still a record day. The dow rose 170 points. The nasdaq helped by the chip stocks rose about 85 and the s p 500 climbed 22 to are rd, its sixth so far this year. We have two reports on trade starting with Kayla Tausche in washington. Reporter after a sixweek standoff, President Trump and president xi brokered afi ceas in 80 minutes. Trump agreed to relax a ban on huawei in exchange for inas buying more farm goods and there will be no new taceffs. The t has no deadline, which means present trump cannd it whenever talks fall through or keep it going, telling reporters hes in no rush. So were making a deal with china, or were attempting. If we dont, we have

Transcripts For KGO America This Morning 20150514

Good thursday morning. Im marci gonzalez, reena ninan is on assignment. Hello to you all. Im t. J. Holmes. We begin with the speed factor in that amtrak tragedy. Surveillance video were showing you now, capturing the train zooming down the tracks in philadelphia. Investigators say it was going more than 100 miles an hour, that is double the speed limit when it hit a sharp curve. At least seven people are confirmed dead. And five have been identified. Most of them were heading home to their families. This is the engineer. Who was at the helm. Now saying he has no memory of the crash. Lana zak starts our coverage. Shes live in philadelphia for us. Good morning to you, lana. Reporter good morning, t. J. Good morning, marci. We now know that excessive speed was likely behind the accident here. We know that there was technology that amtrak had that could have prevented excessive speed. But at this section of track, it wasnt installed. The painstaking process of clearing the tracks in philad

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