Effectively been steering opec policy in consultation with russia russia is not an opec member but is attending the meeting as part of the opec plus alliance irans oil minister hinted at some of the growing tensions around the cartels de facto Decision Making methods mr big john zangana a warned of what he called the problem of unilateral a zation and more gravely said opec quote has lost its authority and is on the verge of collapse. Oil prices are up as opec and its allies agree to extend supply cuts to at least the end of this year what could have been a hurdle in the decision on iran agreed to the production deal but the country has voiced concern over the current dynamics within opec alex mailed its joins us into war alex 1st of all tell us about this opec decision what do we need to know. Also a lot of what you mention is true when it comes to Decision Making here we look at saudi arabia as well as russia making decisions now that the decision was backed by iraq and also as you just mentioned iran and they put their 0. 02 and they said you know were going to back this even if were not friends with saudi arabia this is something that we could definitely go for for the next 9 months or so and its just an extension of something thats been going on since 2017 we know that these cuts have been in place for quite a while now the prices Oil Prices Going up this actually gave a bit of a boost oil prices but not for long because theres other factors that are in play right now including the fact that the u. S. Is producing more oil than ever so it is theyre pumping it out more than anybody else and theyre not a part of opec as well as the fact that we still have that trade dispute going on between china and the u. S. Which of course production is down so people are using oil as much so those 2 factors what saudi arabia was hoping to see here is that Oil Prices Get pushed about 70. 00 and they were hoping also the fact that the rand now is under sanctions as well as Venezuelan Oil so they were hoping that this would somehow push the price of oil up really really didnt see that big of a boost happen with a little bump but thats about it that has a decision to maintain surprise at the fact that a lot of i think now lets go in 5 now lets go to a straight to the brant crude just to the numbers so we see exactly whats going on the decision as you can see did give it a little bit of a boost but it rose as much as 2. 00 a barrel today towards 67. 00 but that did not last very long just did not even with the output curve we saw that that actually crude settled down at around 65. 00 so this magic boost that was supposed to happen i was supposed to push everything up while it did for a bit but again like i mentioned theres other factors here at play and those factors. A little to do with you know weve seen the since 2017 the supply cut but you have other people producing oil and also you have the other countries norways producing more oil canada brazil so. Its a much bigger world out there and when you have even opec by itself it doesnt have the power that it used to wield and as we mentioned in the intro iran has endorsed the outcome of the decision but is also voicing some very serious concerns about the process and the future of opec we quoted some of the oil minister some of his comments there what else did he say. First of all iran as we know has a problem saudi arabia so saudi arabia making decisions of this magnitude iran feels that theyre too influenced by the United States of america so thats one of their issues the other issue is that we know that this this idea that this was basically pushed through not in vienna at the opec summit but at g 20 so by by russia and by saudi arabia so it kind of overstepped and it kind of opened didnt really matter this decision was already made so thats what it what iran is saying is like whats with opec or this is this is actually ruining the stability of the organization and we as you called it opec plus russia is very close to the opec alliance and with russia theres talk about actually having deals made so that it would even be entrenched more so with alongside opec and he ran saying hey that its not time for that right now because were having problems and opec we are losing power and this organization is in threat of falling apart so we need to basically look at ourselves and look at opec and and somehow reconstitute those so that the power comes back in the organization starts doing what it used to do are to correspondent alex mann hellish thanks for joining us thank you. Thanks. China and u. S. Managed to avoid an escalation of their multibillion dollar tariff war over the weekend the 2 world powers brokered a temporary cease fire promise to hold office got to slap a new 25 percent tariff on 300000000000. 00 in chinese imports and to list some restrictions on fall way and china agreed to buy American Food and Agricultural Products while there has been no major breakthroughs and resolving the fundamental points of conflict this truce gets negotiators another chance to forge a more permanent accord markets in both china and the u. S. Are rallying on the news but chinese official Media Outlets have sought to tone down expectations as a promise was met with silence from china theres still a lot of distrust by both sides and china warns that the u. S. Has a track record of flipping and flopping an Election Campaign tricks are just a few factors that could alter the u. S. Stance. For more with this and what came out of this meeting r. T. Correspondent sara lunde has a oka joins us to break this all down kristie on saturday trump reversed his governments decision to ban walk away as part of a concession between the u. S. And china on the g. 20 cylons the u. S. Agreed to allow american firms to continue trading with wall way the chinese Tell Communications company it was put on the blacklist in may that restricted u. S. Firms from doing business with walk away without government permission President Trump said it was unfair to u. S. Suppliers who were upset by the move our companies were very upset these companies are Great Companies that you know all of them but they werent exactly happy with it but were allowing that because that wasnt National Security and he went on to say while way is a complicated situation that will be discussed in later trade negotiations but it remains unclear though whether waterway would be formally removed from the Commerce Department blacklist while we spoke to folks person told reuters that we acknowledge the u. S. President s comments relating to our way and have no further comments at this time meantime President Trump and his chinese counterpart xi jinping once again called a temporary truce to the u. S. China trade war the 2 Worlds Largest economies have agreed to restart trade talks for now the u. S. Will hold off on adding more costly tariffs on some 300000000000. 00 worth of chinese imports President Trump announced the trade truce after an 80 minute meeting at the g. 20 summit in osaka japan we had a great meeting. We will be continuing to negotiate and i promise for or. At least the time being were not going to be lifting tariffs on china we will be airing an additional. You know tremendous amount of we have i guess 350000000000. 00 left which could be taxed or could be. Doing that where were going to work with china on where we left off. To see if we can make a deal and earlier today china spokesperson for the ministry of Foreign Affairs echoed that sentiment. The most important consensus reached by President Trump is that the 2 sides agree to continue promoting china u. S. Relations based on cooperation and stability this is in line with the interest of both countries and the general expectation of the International Community over the 2 sides have agreed to restart china u. S. Trade consultations and the u. S. Has agreed not to impose new tariffs on chinese products this is in line with the interests of both sides its still unclear whether there will be a deadline to reach a deal i mean how the 2 sides will negotiate on issues ranging from economy to technology. What does this really mean how close are we really to a comprehensive resolution of this dispute well a temporary truce does not end the trade war its a good thing theyre coming back to the negotiating table but weve seen this before both sides have agreed to keep the tariffs that have been imposed as of late for now but at least of there will be discussion there is room for dialogue right in this is pretty much the best Case Scenario maybe of a little better than what expedient spoke to before this at least things dont get worse and there is the lifting of the waterway ban or to correspondents or months as doga thanks for that important update. Markets are moving today even though things really didnt change all that much and the painful tears are still remain in place there are still significant obstacles that remain a to obtain a Long Term Agreement these are all over core issues such as Technology Intellectual Property protection industrial policies and the creation of a level Playing Field for foreign firms operating in china as such the talks could still suffer further setbacks and the risk of further tariffs has not been removed altogether while markets jumped earlier the accuse the s. N. P. Is and the dour also slightly bleeding lower throughout the day looks like the optimism was short lived and uncertainty still remains looking at the charts its almost reminiscent of late 2016 where every papa sold off because there isnt enough underlying strength or momentum to ride to give us the latest. Our Fearless Wealth Corp so the markets right now appear to be content with the cooperative tone coming out of the sheetrock meeting however do you think this rally is short lived now that the near term headwind is out of the way we now have to deal with the macro backdrop of a slowing Global Economy do you think this 10 year bull market is going to continue. Yeah i you know i do think its going to continue because trump wants it to continue powell wants it to continue the Chinese Government wants it to continue the eurozone wants it to continue so weve got these big players that want really all the markets to continue to go up into the right so you know weve got more legs in this market now looking closely at a particular sector of the market the sector is clearly must be breathing a sigh of relief is this some ease with some h. Semis e. T. F. Over 4 percent premarket it is since traded been down after that pop but which name out of the group has the biggest upside and why. I love Texas Instruments so coming into this question spent about an 18 month correction and t. X. And came into it about 160 percent now estimates was only 140 percent up so even coming into it texas instrument was a very strong leader but but even better the correction the sideways correction over the us 18 months texas instrument looks like its post just really position to exploit explode just really higher and i think anything over 118. 00 for t. X. And youve got to be a long. I have to keep a watch out for them dialogs as well that one has been underperforming as of late the shanghai market now is up over 2 percent and theyre trading session on monday Foreign Investors have continued to buy in a shares and the analysts estimate over 70000000000. 00 in employers over the coming year the tech sector obviously got a boost today but what other sector should we look at in the china market that will also benefit from this traitress. Well i mean the one market or the one sector thats kind of secretly going up that no ones talking about is actually real estate in the us and i know it sounds really odd but x l r e its going up into the right its been really strong the last 18 months since this trade war has started and no ones really talking about how strong it is which leads me to think that its got a lot more upside to it and while today is a nice day for a pop in the market pops of course are temporary so when would you say we should start fading the rally the traders are only temporary and its only it seems a matter of time before things could while we has not officially been dropped from the us and its useless in the previous terms those are still in place how do the next 2 quarters look. I think theyre going to look choppy but they want to go higher theyre going to go higher we have some really big players that want it too so i expect. That goes higher but actually as it goes higher makes people more anxious almost that it justifies them to not be in but its going to go up into the right in a very choppy way. I want to add to your comment earlier i thought i gave us a story there where do you see the upside potential and what is the story thats driving the. You know i think the story is people do not want to be in this market theyre tired i mean it sounds weird but theyre tired of it going higher theyre being told daily that its not going to go higher so i think what people are saying is look if its going to go higher and i have to be in that im going to pick a part of the market that i think is safe and so people unconsciously or collectively are saying im going to go into exile ari its real estate its got a protectiveness to it and its going to continue to go higher now if the market goes 30 percent higher from here you could expect accelerate to go 4045 percent higher that is assuming that we do come to some sort of traitress but we have to remember what happened last year in 20122012 actually it was one of the worst markets for china that year that market declined by over 20 percent and we have since rebounded but if we do if we dont come to such a trade what do you see the market going both in asia and in the u. S. Well theres what china is having a much harder time with this trade war than the u. S. China is down about 20 percent since this whole thing is started so if this doesnt get resolved china is going to be hit much harder than the u. S. And then it comes in to what powell is going to do so powell could still save this by lowering rates and lowering them faster but man if this trade war goes sideways or goes bad i think all the chips are in front of power for him to say im going to drop rates and then if he doesnt we could see some downward choppiness pretty a lot of a lot of volatility definitely have to hedge our bets both ways are say pack the cheap and thats not thats a corporation thank you so much for your time. Thanks. Time now for a quick break but hey here because when we return those plane profits are boeing boeing gone for the Aerospace Giant as the problems continue to pile up molly barrels of america water and standing by to take us through the Turbulent Times by the air and as we go to break here the numbers at the club a. Little. Join me every thursday on the elec so im unsure when ill be speaking to get a feel of the world of politics. Im sure ill see that. U. S. China talks are back on track but a 2nd front has opened up the u. S. Europe trade is heading into a storm arend is again in the center of the debate also the circus has come to town and its called the democratic process. You know what. I dont want to talk to a communist news agency forgive me well have to find someone to. Lower the trying to stay with us wants to give meaning of the queen to the beach is just like the jews this means is that when my father. So. If you saw me live if i mean yes see him through the. Movement he. Would have to be the bad guys 6 2. I think i acknowledge the time to come to this fight off the boat its an indication of how important most movements all. Sold out souls who do because were the left must move towards we are definitively winning it because we have the people they have people in power but we are the mothers. What holds us to something to. Put themselves on the line they get accepted or rejected. So when you want to be president. Or some want to. Have to try to be for us thats what the 43 of them all cant be good. Im interested always in the waters of our. First city. Welcome back. Getting the story we reported as it was breaking last friday brazilian president. Reminded the world over the weekend that the trade agreement between the European UnionMedical Center could take years to pass the e. U. Agreement with the 4 medical certain nations argentina brazil part of why in order which would create a market a total market of over 780000000 people was announced late friday is of last week seeming to cap 20 years of negotiations but more economic diplomacy lies ahead to cover such as not yet addressed a National Parliaments will have to approve the agreement mr paulson are told reporters that could be it will take one to 3 years before the document truly becomes an agreement at the same time the brazilian leader predicted a domino effect of other deals resulting from the e. U. Merkel serve breakthrough citing japan as a likely next partner. In other major energy and climate news the Worlds Largest publicly traded property and casualty ensure has announced that it will no longer insure or invest in companies that make more than 30 percent of their revenues from the burning or mining of coal and ensure a says that they will not insure construction of new coal burning plants and will phase out current coverage policies per coal plants and companies with coal related revenues above the 30 percent threshold by 20221 important for you to tell the companies the insurance phase out will begin and 28. 0 child is just the latest of its peers to turn away from financing the Greenhouse Gas emissions that the new and says ou