between the european union and the americans who are blocking and hope it will boost their sales. people will be able to get to know argentine beef i think it ranks among the best in the world it s really excellent and world famous in terms of meat our output is already at capacity the same with wheat the challenge now is to industrialize the entire thing. and. the deal will see the e.u. drop tariffs on 82 percent of agricultural imports sensitive products like meat sugar and ethanol will see lower tariffs but only at specific quotas in exchange the south american block will remove duties on 90 percent of industrial goods from the e.u. albeit at a slower pace but that hasn t gone down well in all quarters unlike europe why in paraguay both argentina and brazil have well established manufacturing industries like the car parts company l. he make roberto people who founded it in buenos aires 50 years ago it makes hinges
add to that weakening global demand and you have a cocktail for a further slowdown in the future a source of concern far beyond beijing the sheer size of the country s economy now means what happens to china happens to the world. well let s go now to our financial correspondent in new york. yes wall street hasn t really reacted to these numbers so tell us what is driving investors this week. well it s basically for a couple of days now the outlook or 100 percent certainty that the federal reserve will cut interest rates by the end of the month that does feel a bit one dimensional and let s say the fed is going to do to lower the rates at the next meeting on july 31st that is already priced into the markets are up some point we need a bit more to get markets going but here at the beginning of the week we said
shutting down services like research. the majority of the folks at nasa will be put on a leave of absence. the interior services, some parks would close. others may remain open for the time being and related to that, no matter what happens, santa and his llamas will still visit olympic national forest in washington state on christmas eve, come what may, and the polar express will continue to run near the grand canyon because it s operated by a third party. not the government. thank you. wall street capped off a tough week. all fell on fears of an economic slow down. stocks are down more than 12%. wall street hasn t seen a december like this in almost 90 years. a brutal week in the market.
podium or elsewhere. that is something the president valley set up as well. eric: how do they get on the same page? that two different versions of the russian sanction bill. that would prevent the president from lifting sanctions. i got the impression that maybe anthony didn t know the answer. he just started, cannot tell what how he answered that as to whether not he had spoken about it. it seemed to me that sarah was perhaps more in the know. i have not spoken to either. i m sure they will try hard to have messages that coincide on that particular issue it may have been an issue of him not been debriefed. eric: and the fact that anthony scaramucci is an outsider. earlier today some of the trump folks were touting that as somebody thinks out-of-the-box and he is an entrepreneur with his wall street experience. wall street hasn t seen an act
mattis was at a meeting with defense ministers. he defended support for the alliance, but members must be willing to pull their weight. a fair demanded that all who benefit from the best defense in the world carry their share of the necessary cost to defend freedom. we should never forget ultimately it is freedom that we defend here at nato. the nato secretary-general says the message from the secretary of defense is on target and completely fair. they need to do a better job of burden sharing. let s get a check on cnn money stream this morning. looks like all turmoil in washington is not bothering wall street. dow, nasdaq and s&p soaring to record highs on wednesday. get this, it marks the fifth straight day of all-time highs and the first time all three of the major averages have achieved that feat since january of 1992. that is according to fact set. but the stock market may take a