Applied but i believe its 10 percent on air bus products so there is that but also you know its interesting that you mention the printing of money and. Like why is the fact that say for example the e. C. B. Has printed more money than the Federal Reserve bank why is not that considered a subsidy as well like oh are we going to start getting down to that sort of micro level whos printing in cheating more theyre all cheating essentially is what theyre saying but some are cheating faster and harder than others right its a form of cheating again when you leave the Gold Standard theres no way to have an accounting or a Balance Sheet that shows exactly whos trading with who and what a sorts of silly print money to cheat to undermine to try to grab a few extra pennies or euros here and there and that it is part of the scheme and that is what happens when f. E. M. A. Money and Central Banks and. And and fractional reserve banking and it just ends up into this this huge enormous pyramid of pape
Percent. Nasdaq down 53. Major Market Indices falling better than 1 yesterday, the selloff coming after surprise decline in Manufacturing Activity after the World Trade Organization cut global trade forecast for the year, we told you about that yesterday, joining us hodges capital manager, craig hodge. What did you make of manufacturing data and what do you think that tells us about the economy and the markets. Its obviously not positive, we put all the manufacturing, its only ahird of the economy, we are a service economy, consumer is over 70 , one data p, as we go, the consumer what youre talking about the jobs and payroll, that would be more important as we go along. Maria look at the reaction, we have been talking about manufacturing weakening for a little while, dagen, but the market was sizable decline on this news. Dagen because this index contracted in august and expect today rebound above 50 plus and came much worse than expected, worse than literally every estimate that was o
A website called the cause a reporter is heading your way next. Time to give you the latest global news updates. Hello there im max kaiser this is the kaiser report the show that goes there. Days hey max by the way you know its just a week and a half from today that we will be imposing tariffs big tariffs on european goods this is a bit of a shock in the past came out of the blue we were in these trade wars cold wars civil wars we had all these wars flying back and forth alone behold suddenly we start sanctioning well imposing tariffs on european goods and this is based on a w t o ruling that they decided that in fact air bus had provided 7500000000. 00 worth of subsidies to air bus from the European Union nations so we get to impose some and of course child picks out all the nice foods if he doesnt apply you know he famously it likes things like hot dogs and hamburgers and burger king stuff and donals and junk food so hes applied it to things like stilton cheese ing google and stuff l
And out of beijing. Edward lawrence with the latest. Reporter china added two more items, at least two more items from the exemption list for tariffs. That would be soybeans and also pork. The u. S. , this would fit in line with a purchase that was confirmed by the u. S. Department of agriculture today of soybeans by china and chinese companies, possibly in the future. We could see more pork bought from u. S. Farmers. Now the President Trump says that he exist as Large Purchase from u. S. Farmers by china. The president also adding to the confusion about an interim deal that has been floated. Now yesterday the president coming out saying that he would consider it but then in the same breadth the president came back, said, quote i would rather get the whole deal done. U. S. Trade representative robert light highser is working on the whole deal now. In fact the deputy level trade Delegation Team from china will be in the United States next week to have meetings there to set up a meeting
Firefighters are at the scene of multiple vegetation buyers in Contra Costa County and calfire says over a dozen buyers have been reported in the area near marsh creek road and Morgan Territory and this is near the communities of brentwood and, there is a shelter in place for residents near the fire but no evacuation orders have been placed yet and it is unclear how many acres have burned but we will monitor the fires throughout the morning and bring you the latest on air and online after a check of our forecast here is darren the good news from the Weather Department is there is less of an onshore flow meeting last wind. That weaker onshore flow is having an impact for the rest, Treasure Island looking back at the city pretty view but it gets a lot better when you get to the top of the tower and look the other way, looking east towards sunrise you see this low clouds but they are spotty and the lesson the way of low clouds the less marine layer because were not pulling in as much of a