Transcripts For RT Boom Bust 20240713 : comparemela.com

Transcripts For RT Boom Bust 20240713

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Energy and increase ag purchases by 32000000000 over 2 years which is above the 24000000000 base line these totals will supposedly trim about 300000000000 annually from the trade gap between the 2 countries however commodity experts remain skeptical that china can even absorb these quantities without threatening trade ties with other suppliers Global Markets are lackluster today as they struggle to digest the news and analyze how this deal will affect them how will the chinas commitment to by 200000000000. 00 of trade impact other countries and their access to the worlds biggest economy analysts also point out that depending on the wording and the implementation the agreement could also violate the principle of most favored nation treatment a treatment which prohibits governments from discriminating between their trading partners it could also potentially violate rules that prohibit quotas and other numeric restrictions on imports and exports so while the very legality of fate. One is being questioned its very fortuitous for us that the w t o just so happens to be crippled and has lost its ability to rule on new disk cases why is that a b. T. O. Couple only because the us has been blocking appointments for 2 years paralyzing the appellate body render it frozen and unable to issue rulings smart move getting rid of the referee so that he cant blow the whistle at you for cheating now kristie i think theres an interesting question here with the w. Cio being hamstrung because they dont have enough of an appellate body to actually make any rulings anymore what happens if that agreement of keeping up these purchases with ag products and whatever else it may be if china doesnt buy those from the u. S. And frankly if the u. S. Doesnt sell them what happens and that continues to be a question that the analysts are remaining very skeptical of phase one how it will be enforced in the 1st place because as i previously mentioned its not a matter of if china will be fall in this phase one its when because these purchasing amounts are just just rationally completely expensing they topped the over the baseline previously before the test or even implemented and i think i have one more question on this is you know when we look at the currency manipulator status what the 1st actually more important than the christian polluter status why make the agreement if you can hold it up the agreement is just good optically for both sides its good for President Trump because he is going to reelection and this way he can tout that oh we are decreasing the trade deficit we this is a complete win for the us look at all these new ad purchases that weve got china to commit to and for china its a win for them because in this case they cannot focus on trade they got some tariff rollback so the industry isnt hurting as much and this gives them an opportunity now to focus more so on the domestic issues at hand and to that point we were talking about with a currency manipulator status why say their currency manipulator than the i. M. F. Says no theyre not and then the us backs off on it when they get their 1st part of the deal it was a trump card that the us kind of played as. Try to use as a leverage calling a country a currency manipulator was actually a very bad thing back in the days and 2 decades ago even but nowadays with the internet and with everybody of getting available to Public Information saying that the i. M. F. Is calling them not a currency manipulator that kind of defeats the purpose of even playing that card in the 1st place so the fact the car was a non non gamer and so the us now playing back there making a big show of it say oh were pulling it back in good faith when really it was a nonstarter to begin with where with phase one being signed on the 15th wednesday thats tomorrow well keep an eye on this for sure absolutely. For it is investing 82000000. 00 to expand its plan to eastern vietnam in an attempt to boost capacity from 14000. 00 units to 40000. 00 units per year the Company Reported that it sold over 32000 cars in 201931 percent from a year earlier in contrast to its performance in Mainland China where sales were actually down 26 percent this additional investment will also help to reduce vietnams reliance on imported vehicles and lower the countrys trade deficit ford also plans to further expand its network of 22. 00 dealerships and outlets and will continue to introduce enhanced sales and after Sale Services and programs ford is extremely bullish on vietnams Growth Potential future market investing heavily on infrastructure and becoming one of the countrys biggest Foreign Direct Investment automakers. And amazon is planning to ask a judge to temporarily block microsoft from working on a high profile cloud contract with the United States department of defense the commerce and web services giant has taken issue with the government awarding the 10000000000. 00 jet i contracted to microsoft so in the trumpet ministration had shown quote improper pressure end quote and bias against amazon u. S. Defense secretary mark esper shut down the insinuation saying the decision to choose microsoft was done fair. Early and with any without any outside influence now according to the court filing on monday amazon will file a motion for the temporary restraining order on the 24th of january with a federal court issuing a decision on the matter by the 11th of february the jet i project is part of a plan to modernize the u. S. Army sort services with greater Technological Capabilities it will eventually give the military more seamless access to data and the cloud from remote locations. Time now for a quick break but hang here because when we return wells fargo stock continued to take a beating in the wake of a major account with fine taking it to the companys bottom line naylor Public Citizen gives his take a 100 b. In store for the embattled banking goliath how the Banking Sector in recent times. And that one bank has left another has surged j. P. Morgan has come a profit we take a look at the success in the final quarter. And what this could mean for the forecasts of the u. S. Economy Going Forward at the out im afraid into. The money is in my view. About what it was it was a mean time that were in a sense is a bomb was more about. When we were on the side of the. Scene that are going to begin but im before. Them but ill. Be on the move on then. As the democrats gear up to officially start their 2020 president ial primary it is fitting to assess Donald Trumps performance in office a report card of sorts where is he kept his promises and where has he come up short will any of this really matter. Just one magic bullet you could actually come up with some of the top of his baby talk about ways we get Access Capital in capitalism cavils important so we could actually have programs that actually help folks who want to do that but when you give everybody a 1000. 00 im a poor person im going to consume that and then youre rich youre going to invest that equity the wealth the spirit is going to grow because youre not using your money did that console youre literally buying more crazy things and then my landlord knowing that i got a 1000. 00 you just go raise my rig so then you get your flesh and go all in their. Descriptions sound up to tasing even for the owners so how to choose just pet Food Industry is telling us what to feed our pets really more based on what they want to sell us and was necessarily good for the pet turns out may not be. People believe we have animals that have you know diabetes in our stride they have auto immune disorders allergies we are actually creating these problems its a huge epidemic of toms and i believe can be linked to very simple problem of diet and some dog owners so heartbreaking stories about their pets less treats the larger corporations are not very interested in proving or disproving the value of their food because theyre already making it to 1000000000. 00 on it and theres no. Do that research. You know world of big partisan. And conspiracy its time to wake up to dig deeper to hit the stories that made history media refuses to tell more than ever we need to be smart we need to stop slamming the door on the shouting past each other its time for Critical Thinking its time to fight for the middle for the truth the time is now were watching closely watching the hawks. I i. I. I. I. I. 6 the names volkswagen welcome back by the way 6 the name volkswagen managers have been charged with fraud by german prosecutors who say they deliberately misled officials and consumers ahead of revelations of the diesel emissions scandal in 2015 you remember that volkswagen was found to have intentionally program some vehicles with diesel engines to only activate emissions controls during testing now the indictment says that exacted knowingly and willingly participated in the development refinement and improvement of manipulation Software German prosecutors said 3 more executives aided and abetted the acts related to the scandal in a statement on tuesday prosecutors allege 9000000 vehicles were illegally cleared for the road due to the falsified testing now vehicles meant for the domestic market were also incorrectly exempted from a german road tax in 2900. 00 charges of a similar nature. Brought against volkswagen c. E. O. Martin winterkorn and 4 other employees investigations into 32 more defendants are ongoing. Nissan and renault shares have tumbled to multiyear lows monday as investors grow concerned about the state of the 20 year old french Japanese Alliance rumors have surfaced over the weekend that nissan plans to separate and dissolve the alliance the relationship between the 2 companies has grown toxic according to the Financial Times and dramatically worse than following arrests and 20. He reported that pulmonary discussions for separation were underway and that a false well it would force both carmakers to seek new partners and. Hello this is out International Live from moscow its not normal talking about the news because weve got some big news to tell you about breaking news the russian government were just hearing has resigned after the duma putin suggested changes to the constitution earlier on you may remember. President medvedev was speaking about it no reason to be alarmed lets cross he was going to say as the government of the Russian Federation we need to give the president of our country an opportunity to take all the necessary steps and decisions. And. In this context i believe it would be the right thing to do in accordance to the article 117. 00 of the constitution of the Russian Federation to for the government to resign to step down i would certainly grateful im grateful to everyone who i have worked with within the government and to further steps further decisions will be taken by the president this is a matter of colleagues on my behalf and like to thank you for everything that you have done. Which. And i also would like to express my satisfaction with the results that we have achieved well yes we havent done everything but its impossible to do everything you want. I hope that very soon well see each other again ill be meeting every one of you personally now please continue. Carrying out your functions until the government is formed as for work with mr medvedev if we discuss this right now mr medvedev he was ahead of the state he was president for 18 years he has been Prime Minister. And thats the longest in the history of russia. We have an agreement there is the president ial block and there is the governmental blog of course the president ial team responsible for everything but we are mostly about Security National defense and everything while mr magid if he has always been close to these issues he worked hard to ensure our defense capabilities and i think its suitable for him to work more on our defense. I believe this is possible and i will do it soon i will be introducing a position of the deputy had of the council of defense the Security Council as you know the head of the council is president. Of course that requires certain are mad months to be made and that will be done in the immediate future i will ask the piece to do that again thank you everyone very much well see each other again thank you so much for your work. Well a very brief statement there this of course comes after earlier on today president putin was talking to the federation with the state of the Union Address if you like and the was looking ahead how things are going to be different in the future and he was talking about a change in president ial power of appointing official candidates for high positions including the Prime Minister and so there must be chosen by parliament in future and there was quite expect to be taken quite literally so quickly or be action so quickly but literally than a few hours it seems theres been some high level meetings and its now been decided that this will probably be imposed a lot of questions still to be asked here at the moment of course things still functioning but the president the Prime Minister medvedev has resigned along with the rest of the parliament as well as gets more details on this maybe wasnt so quickly. Was listening in to what president putin is saying iran today eliot hey there if you can hear me. I know right ok. Was there earlier on where they were putins proposed this major legislation shift that would see russias Prime Minister cabinet ministers no longer appointed by the president to recap by the state duma suggestion came as mentioned while president putin was delivering his annual state of the nation address to lawmakers as mentioned earlier trenchards there with all the highlights earlier on we were headed back to you here where this country is supposed to head 2020 but i can tell you that the russian future it seems way beyond that point was being shaped out here and the manager exhibit hall just outside the kremlin as mr putin was speaking because we heard some really groundbreaking proposals including proposed changes to the washington maine law the russian constitution in fact one of the proposals suggested that the constitution should limit mr putins own powers that have to do with appointing key government ministers and in fact the Prime Minister as well so heres proof of that. According to the constitution of the Russian Federation the president needs only the state dumas consent to make official appointments the president appoints the cabinet his deputies and all of the ministers as i propose shifting this power to the state duma and also the approval of the russian government chairmans. And the chairman suggestion or the deputy Prime Ministers of the federal ministers will have to be appointed by the president s without the right to reject any candidates. Another proposal that came from the president was taken out the phrase in a row from the sentence from the constitution that one person could only serve to president ial terms in a row which if the amendments are approved would mean that the situation when for instance mr putin himself were turned to the president ial office after a 4 year break wont repeat itself in russia in the future the russian leader among other things proposed thats also something very important putting the russian main law thats the constitution once again above International Law in the sense that russia wouldnt be. A part of any International Treaty if it contradicts the russian constitution so all of this is indeed groundbreaking and very important especially in the context of of lot of our putins expected the departure after the end of his term from the president ial office in 2024 so it looks like russia and its system of governance is up for a massive revamp but mr putin today made it clear that none of this will happen without the approval of the nation so perhaps we should expect some kind of vote on that moving on to Something Else i can tell you that 2 years ago and last year the russian president sent out a very strong signal to the outside world because during the same address he was talking about this countrys most advanced next generation arms and weapons capabilities in particular he did mention the new hypersonic missiles that russia was developing well this time a lot of our putin only said that the bottom line. For him is that russia did fulfill all its plans in that regard but he did say that russias International Partners should in no way be worried about these developments because the only reason russia was doing it is to maintain global stability in response to some of the threats that are coming from the likes of the us and the decisions that had been made by the donald trump and ministration for instance the withdrawal of the intermediate range Nuclear Forces treaty so heres what exactly mr putin said on that even the 5 Major Nuclear powers are responsible for the preservation and development of mankind russia is open to strengthening cooperation with all interested partners we do not threaten anyone and do not seek to impose our will for the 1st time in the history of the existence of Nuclear Missile weapons we are not pursuing anyone but on the country of the states have to create weapons that russia already possesses what do we were a member most after a speech what the speaker ended with and what the speaker began with and the russian leader did begin by talking a lot about the demographics in this country about the social issues about young families in

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