I. This is boom bust broadcasting around the globe and covering the world of business and finance and the impact upon us all im doing your burrito and im christine one eye in washington heres a look at whats on track today as the world awaits the meeting between president obama and he at the g. 20 summit meeting this week another western nation has been feeling the wrath of kind of our correspondent alex mahela they have standing by in toronto to break down everything retaliates and again made in force products on the peoples republic. But another day another turn in the meantime scandal that has been in the spotlight i thought effect there lauren fix the car thought it will get into the drivers seat to send us through how the real navy coming off the world Famous Company finally tensions in the persian gulf are still tumultuous the u. S. Has jumped on the opportunity are. Having their joint program today to begin american oil exports in the wake of security concerns in the. South of t
the world s 2nd largest cell phone maker says the u.s. company is stealing from we have a live report and this is layla is back in the headlines as the u.s. once again is talking about overthrowing the close missouri but there is an untold story about what s happening inside venezuela as the nation s economy is quickly improving we ll break it down in a report you won t see anywhere else a lot to get to on this very busy day so let s get started. and we begin with news that china will cut in half additional tariffs levied against over $700.00 u.s. goods last year now on one hand this announcement reciprocates the u.s. commitment under phase one of the deal but here s the thing analysts also see it as a move by beijing to boost confidence in the midst of the corona virus outbreak interestingly the chinese finance ministry stated that the number of goods being affected they told us how many 717 but did not state the value of those again that s strange we do know that the produc
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
Ahead for breaks its. Use the chief negotiator saves no decisive progress has been made. Battle lines still drool on Citizens Rights and the cost what about separation. First and the white house has announced that President Donald Trump two will be returning to storm ravaged. This today Vice President mike pence is already on the grounds to assess the damage caused by the consequence for. Weather system which hits almost a week ago plans if the houston residents dont have enough problems to deal with already. Series of overnights explosions of the flooded Chemical Plants. Absent trillions of toxic smoke spewing about the region with more. Is Katherine Betts government are being brought to bear. Aerial footage shows a fire burning in the distance. Two meters of water have flooded the houston area arkham a Chemical Plant. Her keen harvey knocked out the plants power and its backup generators. Needed to run the cooling system that keeps the chemical compounds from come busting in high tem