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Now on bbc news, all the latest Business News live from singapore. Threats of legal challenges and a new warning from businesses over president trumps revised travel ban. Activewear. The Fashion Phenomenon that is grabbing australia by the seat of its pants and is now heading to asia. Good morning, asia. Hello, world. This is Asia Business report. I am rico hizon. Its a tuesday. Us President Donald Trump has signed a new executive order, a scaled back version of his controversial travel ban. It bands new visas for travellers from six mainly muslim countries. Bans. Unlike the current ban, current visa holders are excluded. Some say it could hurt the us economy. The Last Travel Ban was met with a lot o ....
401(k)s. $810 billion wiped off. we talk about higher interest rates to come, slowing global growth. corporate earnings have been stellar in 2018. hard to compare in 2019. i d say it s a gut check. that s what i m hearing from investors. this is just a correction in a bull market run that they expect to continue. shepard: i m writing that down. correction in a bull market run. it s on record. shepard: you know what happens. eventually ends? shepard: we know this. here s the thing. oil prices went up a smidge. yesterday was dramatic. the biggest drop in three years. you saw virtually every oil company selling off in the session. so a bit of a recovery today. i looked at aaa and the national average. that s the benefit to consumer. if oil prices fall, you re paying less at the pump. it s a quarter cheaper than a ....
Those things that contain aluminum and steel. so there is trying to help the president understand the context of what his policy means once it s executed. that s part of it, hagar. according to his own administration s comments reports, some of his statements have been exaggerated. last year we had a trade deficit of almost $800 billion. bad policies and leaderships. according to the new york indianapolis too, the department of commerce reported an $810 billion deficit in goods in 2017 but a total trade deficit of $566 billion that includes trade surplus in services. does he just not understand not just the implications but the basic policy of what he s talking about? you know, i think, to michael s point, i don t think he cares. part of that has been predictable in all of his policies. he often makes these rash decisions. he often does policy by tweet. he doesn t seem to care for the normal protocol in government. ....
Reducing corporate profits. a moderate globalist voice to president trump s more nationalist instincts. nationalist, what do i mean? i mean his plan to slap tariffs on aluminum and steel imports, cohn opposed that and was working to soften the final product, even orchestrating a meeting with companies hurt by higher aluminum and steel prices. now that cohn is gone, wall street s big fear is a trade war. president trump calls america s $810 billion trade deficit overall a disaster. he seems to think that america loses $810 billion a year that misses at important point. that deficit is just for goods. the u.s. is no longer a manufacturing economy. it s service based. think finance, media, tech. in terms of services, the u.s. has a $243 billion trade surplus. and service businesses employ five times as many people as companies that make goods. interesting. cnn has learned that president trump seems to be sowing at least some of the discord inside of the white house. ....