Has pulled out of the Regional Comprehensive Partnership which could be the Worlds Largest trade pact citing concerns that the deal could hurt the countrys farmers businesses workers and consumers without india the agreement made in bangkok will include the 10 members of the association of Southeast Asian nations as well as china japan and south korea and new Zealand Indian Prime Minister Narendra Modi said of this decision when i measure the r. C. P. Agreement with the respect of the interests of all indians i do not get a positive answer the green members expect the deal to be signed sometime next year and Chinese Vice Foreign minister leo chang spoke about the agreement and the possibility of india joining at a later date. Whenever india is ready they are well get on board as for the significance it was a large. Understand how much the Large Population definitely will play a role in the economic recession that. You know in all the time it is did you know when she its impact would be
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
It was a big rally yesterday gave back many of the gains late in the session the dow did end up more than 100 points by the end of the session. Overnight in asia, a bit more muted today after the big gains yesterday in the markets the hang seng opening after being closed on monday for a holiday. Its the stock market trying to do some catch up it was up by 1. 2 . Shanghai was flat. Nikkei was up by a tenth of a percent. In europe, some early trading taking place a bit of a mixed picture there. Ftse up by a half percent. Modest declines for the cac and the dax. Stocks are higher in italy and weaker in spain. In the United States, if youre watching the threreasury market the tenyear is yielding 0. 15 lets talk trade President Trump saying trade talks have begun following his meeting with president xi jinping at the g20 speaking at the oval office yesterday, the president said the renewed talks are being held by phone any trade deals will have to lean in the u. S. s favor obserit has to be
There. And the nasdaq up about 0. 50 . At this hour, a lot to look forward to. You can see that with the mixed reaction in the market. But our very, very creative producers put together the three js with the gambling met aforeand what investors are looking for this week. Of course, everything we talked about it last hour with nvidia on wednesday. Youve got jackson hole. Whats going on with china. All of these things are impacting sentiment. Especially in august where, you know, volumes are light. Directionality a little uncertain. These are the three things it youll be watching. Were back to wringing our hands above zero day options. It will be a nice blend of macro, jobs revisions, housing data and micro, as we get a lot of Specialty Retail earnings, gap, anf and a few others along with splunk and snow, and nvidia is on the star of the show this week. When was the last time we saw a company like this who has earnings coming out, just the overall barometer for the entire Market Sentime
Saying World Leaders are treating america would longlost respect. With longlost respect. They are going to be unveiling their first piece of hardware. An aipowered device. More details into their push into driverless vehicles. Good evening. Blowout numbers. A quick chance to put this in context. How theshowing companys topline Growth Continues to be its rivals. 10 zen is in red. Google in blue. Yellow is facebook. White is alibaba. Growing gradually this topline growth the highest. Apple but wenclude do have alibaba, facebook and out for that. Alphabet. 8781. Of the, it was just 2. 5 hong kong benchmark. Ever since it has climbed steadily now just shy of 20 . There we go. It just keeps growing. Now a huge player. Like ts almost we have seen this midas touch when it comes to anything related to tencent. Having that blockbuster ipo. Oday we are looking to yixin tencent was an early investor. Times. Lets get to the broader markets. We have that ipo coming up. We have taken a bit of a paus