Supposed to trumps craziness the craziness of a u. S. President who believes that varied and each country kill somebody has to stop brazil. Hello its just a midday or moscow the 44th of october live from the r. T. World view center its kevin owen here for the next 30 minutes with a round up of you can stay with me to 1st focus on north korea negotiators have arrived in sweden to resume stalled Nuclear Talks with the u. S. It comes just a few days after pyongyang say they tested a new sea launched missile the search area had a call with japanese minister defense kono where they discussed north korea they both agree that the north korea tests are unnecessarily provocative and do not set the stage for diplomacy and that north korea should cease these tests north korea says its missile is capable of being launched from a submarine indicating a major expansion of its weapons capabilities then and some analysts 2 are calling this the most significant test since the country 1st began dialogue
A bounce in the eyes and Services Data out today in order to save the market but today the i sense that his readings on the u. S. Services sector fell last month to its lowest level since august of 2016 coming in at 52. 00 expectations of 55. 00 Service Oriented companies employ the vast majority of americans and registered the weakest growth in september in 3 years business production new orders grew more slowly and employment levels were essentially flat so between the 2 numbers now the pair of surveys clearly point to a sharp loss in momentum the Services Side is much larger than manufacturing accounting for about 80 percent of the u. S. Economy manufacturing only makes up roughly 20 percent so many analysts came out and they didnt place too much emphasis on the manufacturing numbers earlier this week and they were overly dismissive of the weak reads they said that the market shouldnt panic yet manufacturing doesnt amount to much and Services Matters more and thats actually still ex
Like china now with the trade war backdrop International Trade has been weak and u. S. Corporates are starting to see they hit their bottom line so now with the 2 main drivers of corporate profits both getting pummeled are we in for a round of negative q 3 earnings and furthermore is this the start of another economic contraction. And earlier this week we had an opportunity to catch up with steve professor of economics unpatriotic and the author of can we avoid another financial crisis we started our conversation by talking about the economic slowdown in china despite the burst the slowdown the nations economy is still growing the fastest of all the worlds Major Economies we asked if this was sustainable. Growth is if you actually look at a 6 percent rate of growth every year that means your economy doubles and saw as if. That sort of growth is possible when youre starting from the incredibly low blows that china began with but if you want to eat you want to go to out of the. Period an
Instant with a tweet the market thought of as transplant china at the u. N. Speech accusing china of states subsidiaries. And unfair trade policies. Not only has jhana declined to adopt promised reforms it has embraced an economic model. Depended on massive market barriers heavy state subsidies currency manipulation product dumping forced Technology Transfers and the theft of intellectual property. And also trade secrets on a grand scale. The market is still on edge as the repo market crisis continues to persist despite the poor 100000000000 dollars already pumped into the system by the fed over the past week this temporary problem this Technical Glitch is not resolving itself as they previously reassure the markets that continued rhetoric from the fed was. Everythings under control and that these are merely short term funding shortfalls that will soon disappear once the tax payment and bill sediments were absorbed well that has all been proven false instead the dollar funding shortage
Been a major topic at the United Nations General Assembly as president has taken aim at among others he joins us from across the pond for an indepth look at the current state of the Global Economy. Theres a studios of some just. What is it about eccentric c. E. O. s that is leaving the Business World on edge investigative journalist ben swan is on deck today to analyze the habits of these corporate characters and what their wises and falls mean for markets some market watchers say the valuation of today show is still rising even as it starts lets go. Market sentiment once again has swung towards optimism as hope for a potential trade deal or at least a partial one between china and the u. S. Lifted. Chinese importers ended up buying 10 boatloads of u. S. Soybeans and granted new waivers to several domestic state and private firms that exempt them from metallic tory tariffs this morning open sharply as momo goes with equities up and say things like gold and. Falling but this was short l