A phase one deal later this month chinese advice from nearly you ha and u. S. Trade representative robert like hisor and treasury secretary Steven Menuchin reach consensus on principles according to reuters the Commerce Ministry of china said the 2 sides conducted serious and constructive discussions on properly addressing their core concerns while the u. S. Trade representative said the 2 sides made progress in a variety of areas and are in the process of resolving outstanding issue this comes as President Donald Trump was expected to meet with his chinese counterpart xi jinping on the sidelines of the Asia Pacific Economic cooperation summit in santiago chile to sign a phase one trade deal touted last month though that summit was canceled trump said both sides are still looking for a new location somewhere in the United States. Rob read this 1st i want to get this right going to be very. Very well to get the feel. Now that weve got the deal that we will go it will be something like. People familiar with the matter say president xi jinping is open to a u. S. Trip to sign the 1st phase of a trade deal however no final decision has yet been made. At the last minute india has pulled out of the Regional Comprehensive Partnership which could be the Worlds Largest trade pact citing concerns that the deal could hurt the countrys farmers businesses workers and consumers without india the agreement made in bangkok well include the 10 members of the association of Southeast Asian nations as well as china japan and south korea and new Zealand IndianPrime MinisterNarendra Modi said of this decision when i measure the r. C. P. Agreement with the respect of the interests of all indians i do not get a positive answer the green members expect the deal to be signed sometime next year and Chinese Vice Foreign minister leo chang spoke about the agreement and the possibility of india joining at a later date. Whenever india is ready theyre well get on board as for the significance it was an. Understanding how much the largest population definitely will play a role in noting Economic Development in all the time which is you know when she its impact beyond measure were going to i believe are some great role for the Regional Development to. More on the intricacies of these massive trade deals we are joined by senior apac International Relations policy specialist with the institute for china american studies so rob it is a pleasure to have you here again now what are the concerns that were seeing that forced india to back out of this trade pact indias concerns are still across the board it ranges from management of data flows to good straight to agricultural. Imports but fundamentally its about india having a weak Manufacturing Sector and being scared that there will be a flood of manufacturing. Which will displace a lot of people in india the past history of indias free trade agreements or preference will trade agreements that have the agreement that the trade deficit has increased and theyre expecting that will happen this time around and they just consummate on that politically now theres also been quite a bit of a contentious relationship between china and india when it comes to this trade pact can you unpack some of that for us and why this is india has suffered a large trade deficit with china for a long time about going about 15 years now and the difference just gets just keeps increasing particularly in goods you know india is one of that rare ition country which is not in the regional value chains its not in the regional value chains because its factor markets land labor capital are just all over the place and that leads to low productivity in its Manufacturing Sector and so it cannot compete with chinese imports and this creates a larger trade deficit so india needs to get its act in order or on those factor of factor of market reforms before it can really in good substantially but with indias exit from this agreement how much will that really a fact this overall deal well up to a point you know the Indian Economy is a big economy its pretty i mean its 2. 5 trillion its just going to get larger its growing at a fast rate and the r. C. N. Countries and the regional players want to india in but at the same time i mean theres only so far you can go in terms of diluting the tax because i mean if it becomes too plain vanilla the agreement is not worthwhile itself so yes indias departure hurts it up to a point but at the same time maybe the standards and the actual agreements they have signed that they will sign will be will be better on this is expected to be one of the biggest trade deals so far but staying on deals and trade war is now china and the u. S. Are still untangled in this trade war this tit for tat trade war theyre saying that theyre close to a deal but china has been pushing for quite some time now for the u. S. To cancer. These planned terrorist the ones that are set to take place in december and the removal of some of the existing terrorists is this any of this something that will play out in this phase one deal oh i think it will absolutely out in the series monday and i mean the question does not arise that if if one happens that the follow on terror of that which would do to come in on december 15th i mean even if they dont get canceled they need to be suspended at minimum the continuation of the suspension and with regard to actual removal of bastar us that was dependent on how the breaching of our suite of the actual agreement is you know the chinese have said you know 1st year well give you 2020 1000000000 in our products but if you want that again the next to your own you need to start removing some of those tariffs removing not just suspending and well have to see at what point the u. S. Has come down on that and says ok maybe ill remove a little but fundamentally it would be or there would be a degree of window dressing it would be the removal of some tariffs not the full full body of terror and now when we look at the tariff discussion as well and kind of the tit for tat nature that this trade war has gone on are we going to see china drop back some of their retaliatory efforts towards the United States amidst this trade war as well yes there will because china stars have mostly been in retaliation to u. S. Tariffs if that being the case the u. S. Will it china will also remove remove those start of so and it doesnt have that much space to impose tariffs because it doesnt have that much of exports as the as i mean it doesnt have that much of imports from the u. S. As much as it exports to the u. S. But fundamentally chinas grievances are more in the area of National Security and on the export controls which have been imposed and that is for a different round of discussions frankly i do want to ask you this well the u. S. Do you see the u. S. Actually signing this deal i mean we saw these these talks back in may well that they broke off and may when they were saying both sides are saying they were successful at top negotiations that sions they can. Politely broke off in may are we thing a repeat of what happened before or do you think theres really any chance that this phase one deal will be signed at the end of this month like theyre saying i think the 1st monday in will be signed its not going to be of what happened in may and the reason for that is simple most of the contents of this deal were agreed upon as were already negotiated and hashed out in spring of this year the deal in mere collapse because the larger comprehensive agreement that enforceability provisions were not yet the china was balking at the enforceable provisions but in terms of the contents of this deal which were agreed upon long back china has already implemented the Foreign Investment law it has already implemented in the standards its already implemented regulations on this front so many of those enforcement related provisions which the u. S. Wanted in chinese law have already been done by the chinese and so theres no reason why it will not happen and besides trump wants it to happen so quickly you know we talk about the impact that we have we talk about the u. S. China trade war but theres also chinas working out a deal with the information on that one or thats an important one its going to be just as fundamentally reshaping of the environment as it is with the u. S. Because its in the investment area china is being asked to to make important commitments in that area and to really scale up its game but china has as i said passed the Foreign Investment law it has made many of its provisions now are going to be consistent with what the uros wanted theres still difficult questions on in the area of industrial subsidies which is an area which also the u. S. And china had discussed but broke down in the course of in force ability so we have to be interesting to see how china approaches those industrial subsidy discipline issues with the euros which it could not finalize with the u. S. And if we have it with the euros thats just great i think frankly for the Global Trading system interesting. International policy specialist with the institute for. American studies thank you so much for joining us to get it again soon. Commerce secretary wilbur ross announced the licensing that allows us companies to sell equipment to while away will be forthcoming very shortly ross told bloomberg the government received 260 license requests this is up from the 130 applications reported in august remember too with entity list theres a presumption of denial so the safe thing for these companies would be to assume denial even though we will obviously approve quite a few of them the Commerce Department blacklisted while way back in may citing National Security concerns but while we has repeatedly denied those allegations the band walked while away from buying software from Companies Like google and micron a move while we said is hurting its mobile phones but the ban has also hurt American Companies doing business with china u. S. Companies were allowed to continue selling equipment to while away this was under a temporary general license due to expire this month and in october the trumpet ministration said it was ready to green light the licenses for u. S. Companies to sell nonsensitive goods to while away it remains unclear what companies have submitted applications and when those licenses will be approved since none have been granted so far no sir i actually this is fascinating because weve seen these reprieves back and forth with weiwei you were actually recently at their headquarters in shenzhen china and you spoke with a lot of executives were they concerned about a lot of this blacklisting and the blocking of their use of u. S. Made goods i talked to a lot of of their employees as well as a Top Executive and they were saying that they had they were planning for this they were they knew things would get worse before they got better but theyre still up their mobile phones are still their sales are still up by about i think 2425 percent which which is still pretty good theyre still climbing and sales are the number 2 largest mobile Cell Phone Company provider this is after samsung still beating apple but that is before the google was. Are excluded from their cell phones and i cant imagine a cell phone without google but theyre kind of just doing what they can with these bans but they said theyre going to try and compete and continue to compete and hopefully someday be able to compete in an open u. S. Market which is why theyre saying this is such an unfair practice because the u. S. Wants china and wall way to open its doors to to other companies and they want they want to do the same here in the United States and i think the google thing is very important because they will surely want to get back on that train to have their Android Software and their apps back right in the situation time now for a quick break but hang here because when we return iran co is making market shaking moves as the ball has begun rolling on its much hyped i. P. O. Hopes todd horwitz above the trading joins the show just after the break to delve into the details and give us a look at what else is moving markets and as we go to break here are the numbers at the close. The world is driven by shaped by those. Years thinks. To ask. Thousands of american men and women choose to serve in the countrys military and the decision. Every song came to a complete. The day that i was writing. It you know polish it kill me and i see how it destroyed my life any screamed at me and he made me come in and he grabbed my arm and he write me. If you take into account that women dont report because of the extreme retaliation and its probably somewhere near about half a 1000000 women have now been sexually assaulted in the us military is a very very traumatizing tat happening but ive never seen trauma like ive seen women who are veterans who have suffered military sexual trauma reporting rape is more likely to get the victim punished and the offender and almost 10 year career which shows very invested in and i gave a sex offender who was not even put to justice or put on the registry this is simply an issue of our violence male sexual predators for the large part of target whoever is there whether thats men or women. Indonesias law and areas are going to show Public Offering in the 1st quarter of 2020 with hopes of a. Raising 1000000000. 00 according to a report from reuters sauteing sources familiar with the situation the airline had been waiting on an official report regarding the deadly october 2800. 00 crash of lion air flight 610 prior to moving forward with their public listing the resulting report released last month focused on issues in the boeing 737 max Cockpit Software and called for better training within the airline the report report also called for Better Regulation from the United States and within the region lion air hopes to use the funding for future aircraft deliveries intended to provide better air travel in a growing market. After 2 fatal crashes involving boeing 737. 00 max plane several airlines are planning a Publicity Campaign to show the public the planes are now safe the jets could return to the skies as soon as january if regulators approve legal journalist Molly Barrett says either with americas lawyer is here now with more molly thank you so much for being with us today lets lets dive right into this is the 737 max now safe to fly. Well certainly boeing wants you to think so and we have yet to get the green light from the regulators but boeing says it has fix that Software Problem that investigators say did play a role in those 2 fatal plane crash that killed a total of 346. 00 people evidence including the black box data points to a malfunction in that Automated System that helps a plane avoid stalls that system was new to 737 max regulators say most pilots werent even aware of it until that 1st crash in indonesia last october multiple investigations reached similar conclusions that boeing introduce a new Automated System without properly teaching Airline Crews how to override that software when theres a problem like what you saw with those 2 plato crashes now according to the wall street journal several airlines including American United southwest they all still use the 737 max of course thats been grounded theyve been grounded sense march when the 2nd crash happened and theyre now taking steps to prove to the public that these jets are indeed say safe rather than those steps include airlines. Promising to do their own safety checks even when regulators do them even when the u. S. Government boeing clears the planes to fly they say theyre going to do backup inspections if you will the report also says the airlines are planning flight demonstrations no passengers on board but they are going to have senior officials on board so they hope thats going to raise the publics confidence in the safety of these jets as well so theres no word yet on exactly when regulators could give the planes the green light to fly again but reports say it could happen in january or february but the f. A. A. Has consistently said there are no timeline they just want to make sure that its all done properly blowing for its part on its website has a lot of information about whats going on with the 737. 00 max they said the software is going undergoing rather an unprecedented level of oversight testing expert analysis from everybody and their brother pretty much as well as ensuring pilots and crews have all the information they need to fly those planes safely because as you said earlier that was more training was what the regulators investigators said was needed as well more to be able to handle any glitches that may come up sarah well its certainly important that they actually take care of as much as they can possibly can to prevent any other situations but what kind of financial toll has grown in the 737 max fleet taken on boeing. Hybrid was taking a huge hit the company said it would take at least 7300000000. 00 hit because of it and its reported 3 straight quarterly losses since the 2nd crash in march in ethiopia while profits trough costs related to these crashes are going right up some airlines have canceled their orders for the max while other airlines are demanding compensation for bein