When it comes to the fans and the humans and see the way through fools who have decided to put their trust in us. Name is Johnny Carson and werent a d. W. I. Markets soar as the u. S. Delays some tariffs on consumer goods from china so why the sudden reversal and can it lead to a long Term Solution for a trade dispute thats weighing on the global economy. And protests and violence paralyze one of the worlds busiest airports for a 2nd day is Financial Hub hong kong really nearing a path of no return. This is your Business Report im Stephen Beers in berlin thanks for joining us u. S. President donald trump is delaying some tariffs on chinese goods until december 15th moves a move he said is meant to help American Consumers the products include mobile devices laptops video games toys and textiles trump made the announcement shortly after trade representatives representatives from the 2 countries spoke on the phone shares of Tech Companies and retailers jumped on news however the 10 percen
Your Business Report im Stephen Beers in berlin thanks for joining us u. S. President donald trump is delaying some tariffs on chinese goods until december 15th moves a move he said is meant to help American Consumers the products include mobile devices laptops video games toys and textiles trump made the announcement shortly after trade representatives representatives from the 2 countries spoke on the phone shares of Tech Companies and retailers jumped on the news however the 10 percent tariff will go ahead as planned for many other items on september 1st. And lets check in with our financial correspondent in new york jose luis de haro jose nice to see you markets really jumped on this news today does that mean investors really believe that this could lead to something lasting a long term agreements. Sadly nod stephen but i disappoint any move that does not imply increasing tensions between the u. S. And china is enough to cure investors markets. As a blink from bad to Trump Administr
Of the conduct of Monetary Policy and i recognize myself for three minutes. We heard president obama taken economic victory lap but the people are having none of it they are tired of hearing from the out of touch ruling class in washington how good things are when theyre reality is vastly different not listed in the fact or president ial appointee a hope itll follow suit with quantitative easing of the zero interestrate policies working families paychecks have declined. One added six is on food stamps and there hasnt been a single year but one published report that there is no parallel for this since world war ii or the beginning of the republic. So with the lgbt growth for struggling working families. And to condemn the fed decision 25 basis points to make it appropriate to revise the fomc but given that article one of the constitution gives congress the power to coin money and regulate the value. That this set the fed to adopt a policy that is transparent to end a sustainable this is
Chaired by texas republican jed henserling. Committee members expected to ask about the feds Interest Rate policies such as when the next rate hikes are coming and how many there will be. Since the december rate hikes, stock markets have fallen and Energy Prices dropped while china and russias economic problems continue. This is live on cspan3. Should start in a moment. Committee will come to order. The chair can declare a recess at any time. This is to receive the semiannual testimony of the chair of the board of governors of the fed reserve system and the state of the economy. I now recognize myself for three minutes for an opening statement. Last month weal all heard president obama attempt to take an economic victory lap in his state of the union speech but the American People are having none of it. They are tired of hearing from out of touch ruling class in washington just how good things are when their realities are vastly different. So chair yellen, not with standing the fact th
Of the conduct of Monetary Policy and i recognize myself for three minutes. We heard president obama taken economic victory lap but the people are having none of it they are tired of hearing from the out of touch ruling class in washington how good things are when theyre reality is vastly different not listed in the fact or president ial appointee a hope itll follow suit with quantitative easing of the zero interestrate policies working families paychecks have declined. One added six is on food stamps and there hasnt been a single year but one published report that there is no parallel for this since world war ii or the beginning of the republic. So with the lgbt growth for struggling working families. And to condemn the fed decision 25 basis points to make it appropriate to revise the fomc but given that article one of the constitution gives congress the power to coin money and regulate the value. That this set the fed to adopt a policy that is transparent to end a sustainable this is