A problem no matter which kind of trade agreement or talk about whether its with mexico and canada or with china as were just about to break get into whats going to the u. S. Markets soar to record highs monday as a socalled phase one trade deal between china and the u. S. Boosted sentiments and relieve fears of another terror a school ation this deal announced on friday after more than 2 and a half years of an on and off negotiations will reduce some u. S. Tariffs on chinese goods in exchange for increased chinese purchases of u. S. Ag more details have emerged from the u. S. Side now an 86. 00 page agreement which ranges from intellectual property to ag purchases where china is to buy up to 50000000000. 00 over the next 2 years raising total imports to 200000000000 dollars while u. S. Trade representative said that this deal is totally done absolutely quote china took a more cautious tone reiterating that this would be quote a huge challenge to fulfill those commitments maging statement focused more so on the broad principles of phase one and refrain from mentioning any specific targets during his press conference why well as multiple analysts pointed out the scale of these purchases seemed completely implausible given the slowing chinese economy the us is now asking for an increase in purchases over that of 2017 during the pretrained war times this is asking for a 110 percent year over year increase in purchases and 2020 which is obviously not visible meanwhile the u. S. Has still been unclear about how and when it will roll back other tariffs a condition that china has for. Only maintained so it seems like this is only a trade deal for the public eye and to halt for an escalation it was merely to prevent things from getting worse because clearly compliance is an afterthought the u. S. T. R. Notes that this agreement quote allows each party to take proportionate response of actions that it deems appropriate in order to resolve disputes in other words if china does not comply with what looks to be an impossible target then us can accuse china of breaking terms and tariffs can go back up again. And now march 8th on trade deals involving the u. S. Were joined by todd about horowitz chief strategist above the trading so is this concerning that we still have no real specifics from china on the terms of the trade deal and are the markets kind of getting ahead of themselves here because the narrative really hasnt changed and now it looks like we have more downside than ever if there are any hiccups in these terms and lets be real these times are impossible so its not really if its when. Well good afternoon you know the markets are going higher regardless the markets have continued to go make your highs regrow whatever is going on with the child the oh we dont know that what the deal is for sure and are still on the go shooting and still could fall through however theres one fact that still remains in the world today theres really only one investment were investors are going to go to chase yield and right now its still the United States stock market so deal or no deal the market people are chasing you know u. S. Stocks and again it may be right it may be wrong but you know weve gone up basically 25 percent this year throughout all the talk of trade wars no trade wars im not sure and here we are still yet making yet another new high you know again i believe the next major move will be down but that doesnt mean we cant go up 110 percent before the down moves start. Yeah and to that point you know we have to look at humans in the you know the kind of the excellent stock market weve had all year long its gone up up up but part of that has not been puppet tyrian on the part of President Trump i mean hes on a great job whether you like him or not of being able to really talk the markets into moving without having to do a whole lot he would just say things are going to happen in the market comes up again and he said a pretty good job of puppets here in that but at some point do we not have to say if the china deal is a real deal there have to be terms to it it has to actually have tangible results that are good for the u. S. Economy in order to sustain that isnt that true or not no i agree with you 100 percent i mean look. The markets have done a remarkable job present troubles in a remarkable job and i think hes in a very good job in office but when you look at the overall markets again you go back to were also going to go with your money yes do we need a real deal yes we have to get a real deal but and our markets getting well ahead of themselves yeah they are but again unfortunately there is no does no way to say that theyre not going to go and as long as as long as the Federal Reserve and Central Banks around the world remain active participants and backing up these markets just look at japan from ninetynine again is long is are going to keep giving free money to the big corporate that means that these markets are going to continue to go i are because were somebodys going to go number one and number 2 its the only game in town so is long as the fed continues to manipulate their rates and keep them under control in their mind because the free markets would justify higher rates but at the way it goes markets go either until that changes now lets go back to this issue of the s. N. C. And the concerns of the mexican trade official he makes the point and perhaps rightly so that this issue of compliance is about the u. S. Dictating terms to other nations nothing in this deal as mexico to inspect u. S. Factories so is this part of this agreement unilateralist term meaning forced to comply. Well you know i think you know were still in i think one of the big problems is is the house is still not voted on this thing right so i think that everybodys getting a little bit impatient that the deal isnt done i mean the deal is youre been done when it was when it was written it should have been done and recently as a couple of weeks ago we had everybody on board unfortunately when you bring the paul political issue into it it creates problems so now you are is mexico having 2nd thoughts about part of the oh they were willing d to make or they try to negotiate more i think everybodys trying to force the house to get off their you know what in vote on it and get it passed so we can get this flow of goods going back. Between mexico and ited states and canada and i think thats more of this problem whether talking about inspections or all the other stuff i think thats really more of a a point of contention and a point of disappointment that is not done yet but doesnt this blow up the deal in some ways because look House Democrats essentially went into the president said nafta was the worlds worst deal ever it is us in cas a great deal than the democrats wanted to to declare victory over it by saying well actually were trying to put together the u. S. In ca it was terrible but we fixed it and the way we fixed it was we created these provisions that essentially allowed the u. S. To control they were standards in mexico and mexico says no no no were not doing that part of it doesnt that kind of blow up the deal on in terms of the House Democrats how did they save face by being able to still go along with it theyre trying to save face by either impeachment but that theyre trying to tweak things and make it harder but at the end its not going to work listen one thing we know right i mean were nobody wants child or slave labor but we cannot control labor crossover whirls and that will not get done and if they vote on it that way thats the only way to is that would be their way of actually blowing it up and saying see its not going to work so i guess this is the bigger issue which is why it needs to be voted it was already agreed on by you know in principle by the 3 Major Players and if we could just get them to quit trying to screw it up which is what theyre doing wed be done to be over and wed be wed be shipping our grains and everybody working great back and forth throughout the 3 nations tahara started up on the tank thank so much for that day. Thank you so much. Boris johnson has a plan to invest in parts of england that heavily supported him johnson is telling newly elected m. P. s on monday that he will direct billions of pounds of investment into the midlands and Northern England again 2 areas who support delivered his crushing election victory last week reports indicate that johnson will use an 80000000000 pound fund to fuel an infrastructure blitz in those northern and midland regions the 2 major points johnson will make to the 109. 00 new conservative m. P. s that the government will start pouring money into parts of britain that had never previously voted tory and secondly to push ahead with briggs it on friday mr johnson will introduce the e. U. Withdrawal bill which will pave the way for britain to leave the e. U. On january 31st it includes the Prime Ministers Northern Ireland protocol that puts a boarder in the irish sea. Well meanwhile Prime Minister johnsons pledge to invest heavily in Public Services will be crucial to meeting his Campaign Promises host of arties going underground afshin river written c. Files this report from london. 2019 british general Election Campaign was characterized by Political Parties on all sides of the spectrum announcing policy pledges that of course would impact on the treasury impact on the pound sterling and the impact on the deficit and debt of the british economy but now that Boris Johnson is going to even he seems to realize that his pledges for 33900000000. 00 pounds in extra public funding for the Health Service are going to be very very important the Health Service in britain stitching the fabric of British Society together its where people from all pluses meet and with society takes place on like of course in the United States where you have the Health Insurance system but within 2. Really for hours the government or at least Senior Tories were talking about the introduction of a Health Insurance system and then the the even though spending maybe increased on Public Services it shouldnt alarm the city too much in fact share prices of City Companies involved in private contracting of services for public bodies has been a whole mark of British Society since tony blairs labor government so the fears are that this extra spending will merely find its way straight down through a rabbit hole to big corporations that are the private contractors that make the money from Public Services not only that but quite a few of these companies some of them even going bust like karelian in the multibillion dollar bankruptcies the thing is as these services do not get good responses from the public so the political dimension multiplies as it were more blame is heaped on the Public Services and more privatisation is therefore called for and more Companies Get involved in Public Services in what its detractors call a vicious cycle so basically any public spending will benefit corporations in the city arguably more than the people who the services are aimed to help. Time now for a quick break but here because when we return men as well as president is ready to airdrop the nations currency to the public just in time for the holidays so how much will be given away and why isnt it wasnt doing us weve got the details and as we get a break here the numbers at the cloud. It is relatively easy to explain the tory spectacular victory in the general election for the elites it was about Jeremy Corbyn but for the voters it was all about brakes and indeed it was brags that 2. 0 for bojo it is time to deliver. And were going to fulfil the repeated promises apologise to the people and promise to be you know weve all but the truth. Pretty. Pretty good. If you want to. Know. Cut. Out my dream agreed to pressure. Mr remember there was most of the family were unemployed. And it wasnt it was bed you know much worse objectively day but there was an expectation that things were going to get better. There was a real sense of hope. There isnt today todays america where shape by the 10 principles of concentration of wealth and power. Reduced democracy a tax on low down engineering. Latch manufacture consent another principle according to. One set of rules for the rich. Thats what happens when you put her into the. Will switch which is dedicated to increasing virtue of just as youd expect one of the most influential intellectuals of our time speaks about the modern civilization of america. Welcome back bo we may temporarily halt production of its problem 737 max jet well now the Aerospace Company stock is following legal journalist molly barrows contributor with American Lawyer now with more on that molly thanks for being here. How big of a dip is the companys scene right now and how much of this has to do with the whistleblower we heard from last week who essentially said that not only did both we know about problems with the mix 737. 00 max but also the f. A. A. Knew about it and nobody did anything. Thats exactly right still a lot of questions surrounding those ongoing investigations of exactly what caused the 2 fatal crashes that contributed to the grounding of the 737 max the boeing shares did take a hit they fell more than 4 percent premarket trading to 328. 13 and theyre not the only ones being hit by this the companys biggest supplier spirit systems their stock also fell 3. 4 percent spirit makes the max fuselage along with other parts now according to some media reports analysts are suspending production say that theyre suspending it that happening will likely mean more significant charges for boeing as well as its main suppliers thats why youre seeing the hit in the stocks that theyre taking until now a lot of those suppliers have been shielded from the financial toll that has hit boeing the plane makers continued to make these jets even after they were grounded in march and so their suppliers were continuing to make parts because boeings been saying hey were going to get cleared by the f. A. A. To have this plane back in the air again by the end of this year and now it looks like thats not going to happen so other suppliers are also expected to be impacted by the this disruption if it indeed happens they are french Aerospace Company saffron in the u. K. Based Manufacturing Company sr and again the 737 was grounded after 346 people were killed in 2 different crashes and boeing and many other investigators are blaming a Software Problem that they say that they can fix it theyve been meeting regularly with the f. A. A. To do that but so far the f. A. A. Has not cleared them to allow the jet to fly again and it seems to be that after this latest meeting between the f. A. A. And boeing that thats when this decision to halt or slow production started reports of that started to surface so whats the latest on the production of the planes on the halt. We dont know for sure. Apparently word that may come after the markets closed today here in the u. S. But boeing is reportedly deciding whether to suspend it altogether or just continue to current production of the 737. 00 max but we took in nearly 5000000000. 00 after tax charge in the 2nd quarter to compensate carriers for that flight but the total cost isnt clear yet they have not made some of the details of these settlements like with southwest. You know theyve not made that transparent to the public but the f. A. A. Zz top administrator has been telling the media that resort vacation of the plane would stretch into 2020 and of course that dash boeings forecast that regulators were going to sign off on the jet by the end of this year now it looks like that is definitely not going to happen so well find out more or maybe by the end of the day again going back to that im sure thats going to have a huge impact on the reef certification as well right how do you as the f. A. A. Go back to recertify and the public trust that you actually are doing what youre supposed to be doing how this is affecting also boeings business with other Airlines Airbus seems to be making a big push here to pick up new clients. Yeah absolutely airbus a number of other carriers around the world are not only mistrusting of problems within the 737 max but also the f. A. A. Like that whistleblower indicated even after you had the 1st crash the f. A. A. Was slow to respond as far as grounding the 737 early signal and that there were concerns that needed to be looked at before they allowed other planes fly then you have the 2nd crash where there was a lot of mistrust if you will or discussion about where the f as priorities lie southwest is the largest operated 737 they havent released the details of the settlement but they did announce that they had reached one last week with boeing according to southwest to compensate the airline for some of the financial damage that was done by grounding that plane they didnt disclose the exact terms but they said they would share 120 5000000. 00 of it with their employees christmas bonus for those employees but certainly boeing is going to take this has we talked about what their stocks but its going to be interesting even though investigators are investors rather have lost some pace. What the Company Analysts are saying this isnt going to destroy boeing by any sense of the word that once the plane is given the green light to continue production into fly again that youre going to see boeings cash reserves go right back up again the cash is going to start flowing so this is just a bump in the road according to some analysts but how they are going to find out maybe more tonight with th