You cannot be bold with yeah you know what. This is boom boom. One business show you cant afford to miss in washington coming up china is engaged in a home state effort to become the worlds only superpower by any means necessary the head of the f. B. I. Has issued some scathing statements about china as the United States continues to ramp up tensions with the asian superpower straight ahead we dig into the details and the growing tech battles between the 2 and there has been a new move in the north stream through the pipeline saga unfolding in europe we take you on the ground in berlin to break down the new developments and why the u. S. Is pulling out all the stops to halt the project. Amid rising social pressures some professional sports teams are looking to change their mascot but whats the economic consequences look like we take a look at the issue and the sponsors putting pressure on the team to change with a packed show today so lets dive right in. And china is the greatest long
May including everything from Student Loans to car payments to mortgages, the number more than triple that of april its the latest sign Unemployment Benefits and stimulus checks arent enough to fully cover the expenses what happens to the consumer and the economy and the stock market its not good its something weve alluded to for a while. Go and look at wells fargos First Quarter they reported in the middle of april. They took a 14 billion loan loss provision which was up 413 year over year by the way, when they report i think in the middle of july, that number is probably going to go up again and further anecd e anecdotal proof that wells fargo is trading below tangible book value. The banks have been trying to tell the story, but the Broader Market has sort of been impervious to it until recently. Well see. Again, ill say i am not all that optimistic about where the consumer is 69 months from now. Clearly i hope im wrong but behind closed doors, a lot of companies are saying weve lea
U. S. Trade representative Robert Lighthizer was on capitol hill to testify on the Trump Administration trade policy. The use of tariffs, trade with china and implementation of the u. S. Canada trade agreement. Mr. Lighthizer was asked about the Global Supply chain of the inquisition of personal protective equipment during the coronavirus pandemic. The Senate Hearing is just under three hours. Im pleased to welcome ambassador lighthizer. Thank you for joining us. We need to have you here because we face great challenges whether its the murder of floyd or whether its the economic downturn we had because of the pandemic or the pandemic itself. We have a lot facing our country. Its not going to be easy to bring us back on the course of iran and their brave but good trade policy will be one important part of doing so so im glad we have that discussion today. Trade policy is immediately significant because we need to make sure we dont have any unnecessary taxes on goods g2 the recovery or i
Corporate funding is provided by stevens, inc. J ambassadon bolton, welcome to firing line well, thanks for having me. Glad to be here. You were President Trumps third and so far longest serving National Security adviser, and now you are the highest ranking former Administration Official to have published a book about your time in the trump whi house. Its been two weeks since your book, the room where it happened was released and President Trump has called you quote disgruntled,g bor fool, and called your book pure fitiion. Represen adam schiff said that you lacked the basic Speaker Pelosi called the book quote a substitute to testifying for congress about the well bein of the americanpeople. Is this about what you expected . Its about what i expected from both donald trump, whose reaction was as juvenile as it often is. Demeans the office of the presidency, and i really am not going to respond tond it, as for adam schiff, if i had made as many mistakes as he and his colleagues did in
The nasdaq is up more than 1 . We got the exchequers plan to boost u. K. s economy, boosting sterling. There canada, the dollar is actually weaker and looking like the central bank will have to cut a few more times in order to get that deficit under control. A deficit that is by the way , was 30 of gdp before the pandemic. The mexican president is coming to washington to meet with President Trump to talk about the trade relationship with the u. S. And mexico as they face a deep recession. Joining us is our head of isearch joining us Kathryn Rooney vera, head of research and strategy at bulltick. Tell us about how the coronavirus is ravaging the mexican economy and how bad it will get. Kathryn ravaging is a good word. Mexico is facing the brunt of the epidemic. The authorities have really not come up to the task. They were nonbelievers at the beginning, which has caused tremendous suffering. We know that 50 of the tests taken come out positive in mexico, which is a world leader. That sa