American studies so rob it is a pleasure to have you here again now what are the concerns that were seeing that forced india to back out of this trade pact indias concerns are still across the board it ranges from management of data flows to good straight to agriculture. Imports but fundamentally its about india having a weak Manufacturing Sector and being scared that there will be a flood of manufacturing imports which will displace a lot of people in india the past history of indias free trade agreements opera french and trade agreements that have the agreement the trade deficit has increased and theyre expecting that will happen this time around and they just consummate that politically now theres also been quite a bit of a contentious relationship between china and india when it comes to this trade pact can you unpack some of that for us and why this is india has suffered in large trade deficit with china for a long time. 15 years now and the difference just gets just keeps increas
Socalled wall street tax, placed on the sale of stocks and bonds. So will this appeal to voters even those who hold stocks in their Retirement Savings . Well, im not sure it is going to. It is all about how you brand it; right, david . Hes branding this or at least as they are mulling it over they are branding it as a tax on wall street, but it isnt. Think about how many people have equity and Bond Investments on main street. If you have a 401 k , if you have a pension, if you have any equity related investment, this is going to hit you. Now, it may seem a little bit less extreme than the wealth taxes that sanders and warren are proposing and hes in a tough spot because he needs to go a little bit more left, but he needs to make sure he wont cannibalize his base and this could very well do that. Well, okay, okay, lets just forget the notion of how weird it is that you will get your poll numbers to go up by proposing a new tax. David good point. Thats a little hard to grasp. I dont like
Socalled wall street tax, placed on the sale of stocks and bonds. So will this appeal to voters even those who hold stocks in their Retirement Savings . Well, im not sure it is going to. It is all about how you brand it; right, david . Hes branding this or at least as they are mulling it over they are branding it as a tax on wall street, but it isnt. Think about how many people have equity and Bond Investments on main street. If you have a 401 k , if you have a pension, if you have any equity related investment, this is going to hit you. Now, it may seem a little bit less extreme than the wealth taxes that sanders and warren are proposing and hes in a tough spot because he needs to go a little bit more left, but he needs to make sure he wont cannibalize his base and this could very well do that. Well, okay, okay, lets just forget the notion of how weird it is that you will get your poll numbers to go up by proposing a new tax. David good point. Thats a little hard to grasp. I dont like
We start with the falling cost of borrowing, because the worlds most powerful central bank, the us Federal Reserve, has cut Interest Rates again. The fed has lowered the range for its main Interest Rate by a quarter of a percent to between 1. 75 and 2 . President trump has been pushing for the fed to cut rates to boost a slowing economy and weaken the dollar to help us exporters. So was he happy . Far from it. Heres what he had to say on twitter. The bbcs Samira Hussain was in washington for the fed meeting and sent us this. The Federal Reserve did what most people expected it to made a small cut to us Interest Rates. Why . Well, although Household Spending is increasing and the Unemployment Rate remains low, exports and Business Investments have weakened. Fedi Chairjerome Powell a trip is that wea kness to Chairjerome Powell a trip is that weakness to trade policy. Since our last meeting with seen additional signs of weakness abroad and a resurgence of trade policy tensions, including
Indias e cigerette market goes up in smoke as the country bans vaping products. And stocks across asia were mostly higher on thursday following the Federal Reserves decision to cut Interest Rates on wednesday. At the moment in Europe Markets are looking like this. At the moment in Europe Markets are looking like this. And well be getting the inside track on a business thats been heating up in recent years the boss of hotpot yoga willjoin us live. And, as burger king ditches plastic toys in kids meals to cut down on waste, we want to know if the war on plastic has gone too far. Let us know just use the hashtag bbcbizlive. Yes, do get in touch on the great debate about plastic. A warm welcome to the show. Before that, huawei the chinese tech giant that makes everything from high end smart phones to sg wifi will find itself under a number of spotlights today. As well as launching its First Flagship phone without Google Android the company will also go to court in the us to challenge the v