October and joining us now with more details is r. T. Correspondents our month. So welcome to the show so when these meetings today basically who was at the table and did they get anywhere let me start by saying that the meetings are already affecting the market let me show you what the dow did it sunk basically it really took a steep turn this was an unexpected twist of events Chinese Agriculture officials were scheduled technically to visit u. S. Farm states next week including montana but officials cancer just canceled canceled the trip to montana theyre going to return to china sooner than originally planned u. S. Secretary of agriculture sonny perdue confirmed that these meetings were to provide some or to at least have china build good well with the u. S. Farmers talks began on thursday and they were led by there were 30 chinese. Officials who came to washington d. C. Led by the feisty bice finance minister early on when he met with u. S. Deputy u. S. T. R. Jeffrey garish they we
Leaves our global report today as a modi administrations finance minister announces an 8 percent cut in the base Corporate Tax rate the centex stock markets surge and closed up by more than 5 percent after minister some around the im now 20000000000. 00 policy package indias base Corporate Tax rate was cut 30 percent to 22. 00 companies that do not seek Tax Exemptions will qualify for that base rate while those who do will pay a base rate of 25 percent down from the previous 35 Percent Companies that start out between october of this year and march of 2023 will be offered an even lower base rate of 15 percent and while reaction was positive the sudden and dramatic move by the indian policymakers suggest that they saw a weakening in Economic Indicators that call for such a bold action as indian growth reached its 6 year low tax cuts added to a list of stimulus actions for 29000. 00 that already includes 4 Interest Rate cuts by the reserve bank of india. Meanwhile Prime Minister and the
Move by the indian policymakers suggest that they saw a weakening in Economic Indicators that call for such a bold action as indian growth reached at 6 year low tax cuts added to a list of stimulus actions for 21000. 00 that already includes 4 Interest Rate cuts by the reserve bank of india. Meanwhile Prime Minister Narendra Modi of india is headed to the United States for a weeklong visit that will include an appearance with u. S. President donald trump mr modi will address more than 50000. 00 Indian Americans at an event in our in our g. Studio in Houston Texas the events named modi will also be attended by President Trump as a gesture to cement the relationship between the 2 countries during the trip to the u. S. The 2 World Leaders hope to ease trade tensions between their large economies earlier this year the u. S. Had removed certain trade privileges afforded to india saying the country had not properly opened their markets to u. S. Goods the u. S. Hopes india will be. In electro
Require the commission not just to say in public that theyll be creative and flexible, it also requires them to private to get into those discussions with us so we get this deal over the line. European markets trade cautiously higher and asian equities rally after beijing cuts the triple r as export data shows the trade war with the u. S. Is taking its toll. Oil prices rally after Saudi Arabia Energy minister and puts in place royal for very first time i caught up with the u. S. Deputy secretary of energy and he says the man has a tough road ahead. Got a very tough road ahead of him, i must say u. S. Production will continue to go up all throughout 2019 and certainly into 2020. Our own ei, and Information Administration is projecting well see at least 13 Million Barrels per day producing United States by the end of this year. And air france shares fall on disappointing traffic figures and speculation it could rescue troubled airline while a pilot strike grounds nearly every british air
Where is the going going . Somewhere behind all of that fog. Well see a lot more cloud cover today. Were going to be running a few degrees cooler. The reason for that, we have a system, a trough off in the Pacific Northwest that is keeping our temperatures slightly below seasonable for today but its still warm through the inland areas. You can see here on satellite radar the system just off to the north, im going to zoom in a little bit closer, you can see how its bringing that cloud cover and thats whats going to keep our temperatures slightly more comfortable today but still pretty hot. As we head into the start of the work week, were going to start to notice those winds kicking up, and as those winds kick up, High Pressure is going to roll back in and then the concern for fire danger is really going to play a part in your monday through wednesday forecast, and as kira said, into next weekend, were tracking rain chances so ill go over all of that info that i just threw your way comin