There say couple of people in some room in pennsylvania, i dont know who they are, i dont know if theyre working yet, maybe not up yet, maybe working 9 00 to 5 00, i dont know who are going to determine what matters the most, i can put a price multiple on bristolmyers better than anybody in the world unless you tell me there is a big sweep or something that is going to happen. You know when you deal with a lot of the companies were looking at, the price sharing multiple will be decided by the notch up or down by the president ial election. I think you dont think over the last two yesterdays trading session, potentially what were going to see today, the market is already making a decision in terms of who it thinks the president is going to be and what the composition of senate is going to be. Yes, it is. Youre talking about workers in rooms as though theyre make the decision, the decisions have been made, theyre simply doing an envelope, taking a ballot out and putting it in a pile so i
Latest on the scuffles between the u. S. And china over that phase one trade deal thursday china announced a new list of import tariff exemptions for 6 chemical oil products from the United States these exemptions will last for one year kicking off december 26th though Chinas Finance Ministry as not provided a value for the imports excluded from those tariffs what we do know is that the waivers will apply to 4 Chemical Products including Refined Oil Products that include white oreo and food grade petroleum well meanwhile there has been a lot of talk about how this phase one agreement will be such a big win for workers that is the narrative that we on this show have been challenging in fact on the day that the u. S. Seems see a agreement was announced every other business show was praising this as a huge win for the u. S. But heres what we told you. So what is significant about the labor part of the deal wall mung other things this agreement requires that 75 percent of automobile compon
But this is a boom box broadcasting around the globe uncovering the world of business and finance and the impact on us all ive been flung and im kristie im watching 10 parents what we have in store for us today for us and see it moving forward but the head of the biggest auto union in the nation is asking questions that this show raised a week ago well tell you what you say and why it matters so much less than the bank of england act that might provide traders with an unfair advantage thanks to an open audio feed and News Conference that one thing done to fix that problem weve got a live interview straight ahead and then later another huge hit for hoover as the company has now been banned in germany why this is the right here in company is just another example of how theyre coming under so much fire across europe this is the one show you cant afford to miss so lets get started. And we begin with the latest on the scuffles between the u. S. And china over that phase one trade deal thurs
States these exemptions will last for one year kicking off december 26th though Chinas Finance Ministry as not provided a value for the imports excluded from those tariffs what we do know is that the waivers will apply to 4 Chemical Products including Refined Oil Products that include white oreo and food grade petroleum well meanwhile there has been a lot of talk about how this phase one agreement will be such a big win for workers that is the narrative that we on this show have been challenging in fact on the day that the u. S. In ca agreement was announced every other business show was praising this as a huge win for the u. S. But heres what we told you. So what is significant about the labor part of the deal wall mung other things this agreement requires that 75 percent of automobile components be manufactured in the United States canada and mexico in order to avoid tariffs that number though was an. Under nafta it was only 62. 5 percent so its really not much of a change the us in
Off earnings season. Trade war slowdown, china posting the lowest quarterly growth in 27 years and Silicon Valley tech lash from one of its own, peter teal calling out google, alleging, quote, seemingly treason ous acts well begin a new week, stocks on track to hit fresh record highs. Citi kicks off earnings season with better than expected results held by gains and Consumer Lending also in focus, china, slowest Economic Growth in 27 years in q2 gdp at 6. 2 for june, Industrial Production, retail sales, fixed Asset Investment all beat expectations, leading some guys to think maybe the Central Banks work is starting to filter in. I think so. The bears have the work cut out for them right here. If you watch our crawl underneath, youll see the semiconductors going up. They wont have good quarters. People are looking through why are they looking through not necessarily because of china, they say pc sales will get stronger the economy will get thats western digital. Fairly typical because o