A motion to boost uranium enrichment just days after the killing of a Top Nuclear Scientist driven from their homes now living hand to mouth ethiopian refugees fight hunger and uncertainty in sudanese refugee camps and covering it japans relationship with the Face Covering the new exhibit billed as a theme park for masks. And sport around madrid could be set for an early exit from the European Champions League defeat against shakhtar dont yes has put reality on the brink of elimination. Donald trumps bid to overturn the u. S. President ial election result has suffered another major blow with the attorney general saying there is no evidence. Of widespread voter fraud bill barr told the Associated Press that the Justice Department investigation has in his words not seen fraud on a scale that could have affected at different outcome president elect joe biden be trumped 53062232 votes in the Electoral College and more than 6000000 votes in the popular vote well alan fisher is following eve
Measures of the Federal Reserve is leading the way, after spending trillions buying Mortgage Backed securities, corn rat securities, Treasury Bonds all that sort of thing this is another arrow in its quiver that is not really been explored or to my ive been following these bites here, even explain what a main Street Lending facility will be, but the very talk of it did bring us off our lows. Again, just throwing that out there as one of the reasons why we dipped from down about 280 points to now down about 180 points. Lets get the read in the meantime about the worries for the Market Going Forward here, and that will be in another couple of hours or so, the president outlining his plans to respond to china, presumably on this crackdown going on in hong kong and throwing in their concerns the president has about how the chinese handled the coronavirus, something is up which has a lot of stocks that depend on trade with china down. Blake burman with the latest. Hey, blake. Reporter hi th
commitment to implementing phase one of the u.s. china trade deal what was the need for that well because as we have reported inside that deal is a disaster related clause that clause would allow china to avoid repercussions even if they cannot meet the target of purchases of u.s. goods and services for 2020 it s a pretty big deal and that is why friday president trump and president xi both expressed confidence in china s strength and resilience in confronting the corona virus outbreak according to the white house the 2 presidents quote agreed to continue extensive communication and cooperation between both sides they also noted the great achievement of the recent united states china phase one trade deal and reaffirm their commitment to its implementation in quote which on its officials have been hoping that the u.s. will agree to at least some flexibility on the pledges of that deal and bet it s actually fascinating here because of that disaster clause it s almost like we re
a when he completed phase one of the trade deal and he s ready to move on and count on him being hard on the chinese to say i expect you to keep up with it even with that clause absolutely. and over the years china has become the manufacturing hub for american european korean and japanese automakers the country produces more vehicles than anywhere else in the world and is the largest market for sales china alone exports more than $70000000000.00 in car parts and accessories each year but the provisions taken to control the spread of the coronavirus will likely take a toll on the auto industry for instance listen to this toilet of the world s 2nd largest automaker said they will keep auto production in china closed through the 16th of february south korean giants and hyundai will hold their factories until the same date and honda s plant what were turned operation until the 13th of february now according to s. and p. global ratings the coronavirus could cause an overall cut in
building things that they have other components from other areas of the world so this is going to impact the global automotive industry they re talking about g.d.p. being impacted by up to 5 percent that s huge when you re looking at something that s one country can impact that much on others other companies such as suzuki have were going to go to china to get components and they re sticking with india and i think you re going to see a lot of other companies looking to other places to get parts lord i do actually have a follow up on this because when you talk about almost every auto manufacturer being affected by this i mean china is the number one producer of autos are there actually manufactured there not to say that the companies are chinese necessarily so is anybody going to come out a winner on this is there anybody who s in a position to actually move you know move past this or is it basically the whole industry is kind of suffering and nobody gets a leg up. i don t kno