business report i m stephen beardsley thanks for joining us. the world trade organization has given approval to the united states to impose tariffs on european union goods worth $7500000000.00 in response to legal issues subsidies for plane maker air bus that s according to sources close to the w t o the u.s. plans to levy tariffs on european aircraft and aerospace parts as well as wine cheese and luxury goods the decision is the latest in the 15 year old trade dispute with the u.s. accusing europe of subsidizing air bus and the e.u. accusing the u.s. of subsidizing plane maker the plane makers biggest rival boeing and let s bring in our financial correspondent in new york jose luis to haro was is there was a could this open a new trade dispute between the u.s. and the e.u. . it seems to be decays id s point especially stephen even determined to ministration goes ahead with its strategy as has been reported trying
fears of a further crackdown by china are rattling markets around the world we ll give you the latest. also on the show argentina s peso collapses after a presidential primary upset we ll tell you what has markets so scared. this is your business report i m stephen beard zimbra lead thanks for joining us on calls airport was due to reopen early tuesday morning after being closed all day monday as thousands of protesters occupied the main terminal the closure forced the cancellation of more than 150 flights causing serious disruptions one of asia s most important transportation hubs and marking an escalation of protests that were previously limits limited to the city s neighborhoods investors around the world took notice monday with indexes falling on the spreading political turmoil and fears china can respond harshly. and let s go now to our financial correspondent in new york jose luis to haro who is
and even his north american neighbors any criticism of trump s policies might have been inappropriate for a fed chairman but trump himself had on relentlessly attacked the fed s policies demanding larger rate cuts to support pledging to act as appropriate to sustain the expansion of the fed signaled possible future rate cuts for the wall street however did not immediately react as such action had been widely expected. and let s go now to our financial correspondent jose luis to haro in new york who is it there you are so the decision finally made how are the markets reacting. no it will stephen especially after listening to your own paul will giving context . was more hawkish done investors anticipated he was a very poor estate in just a minute cycle policy adjustment. it s different from the start of
aircraft day and what is your right as everybody at the f.a.a. . does that with their name and they re typically these are people with skin in the game and in my view wrote a book this year all the agencies in washington with the resources to do it so i m pretty that s a common problem in washington d.c. . the have the administrators and its creators. is a very good ministry. but i don t regard this is evidence of any kind of clues ok richard oval office joining us there from washington d.c. with the tilt group thank you very much richard my pleasure thank you. and let s go now to our financial correspondent new york jose luis to haro was a wall street has had some time now to digest these groundings of the seven thirty seven max how is it treating boeing today. not well as you could imagine