September. How do you expect that to feed through into InflatIon ExpectatIons and impact the us economy . I think riaht now impact the us economy . I think right now the impact the us economy . I think right now the focus impact the us economy . I think right now the focus is right now the focus is definitely on crude oil. A lot of people are drawing comparisons to what happened when the war in ukraine started. When you take a Look Oil surged Io . With this incident it surged 5 in some of that is because we have us productIon at record highs. Opec was undecided over increasing productIon. This is a moment where investors are trying to get a sense of how are the actual supply disruptIons going to unfold in the coming weeks and months. Right now the market was pretty content that this inflatIon and that trend was going to remain and now they are scratching their heads to see will this be a big shock to inflatIon. In additIon to this Oil Surge we have a Dock Worker Strike which could also
There. Chinese vice premier liu spoke with u. S. Trade representative Robert Lighthizer and treasury secretary steve mnuchin. The Ministry Says they discussed issues related to a phase one deal and agreed to maintain communication on the remaining issues in the phase one talks. So, we are still very much in phase one talks. Bumping up against that december 15th deadline, though. Right. When you are expected to see new tariffs go in. Right. Thats been the big question do they do it its obvious they dont want the tariffs put in will enough progress be made at that point to say, okay, we wont so you think maybe not a deal by december 15th, but maybe enough of a deal to be able to i dont know. China trade wars are so 2019. Pushing into i just think you need to just, when we talk about beyond and impossible meat, i think you need to look into the future a little bit i just think you need to anticipate, not react. I just think it helps. What do you think happens before december 15th do you t
Energy is interesting because energy looks to be fairly red. Tried to stay independent. All in all, that is a positive industrials also being bought this morning. Move but now he is doing another not a very clear message coming from the sectors. What do we see in the movers . Move because he holds himself out of the election and that is the best he could do with the moment. No doubt we will see some moves our colleagues based on that. And we are getting gdp running that powell will need a figures out. Horror show to cut again. Third quarter gdp in spain is it your expectation that we do not get a recession, there is expanding 0. 4 . That matches the estimate but so no longer any need for rate you know gdp in spain is up 2 cuts . Momenti would say at the from a year earlier. There is no recession, the ,umbers do not sure recession. 4 as a month over month european thing. The way the americans do it is but he makes clear in his speech yearoveryear numbers. If something happens, that is n
Also coming up. An Early Release for a Controversial Book about the u. S. President and the white house donald trump says its. For the government in iran. Set to meet to discuss a week of protests against economic problems. Are hard or soft well look ahead to whats in store for the u. K. And. North korea has accepted the souths proposal for official talks on tuesday the meeting will be held in the Demilitarized Zone the area between the two countries earlier this week Cross Border Communications between. Reopened for the first time in two thousand and fifteen set to focus on north korean participation in next months Winter Olympics in chiang. A research fellow. For north korean studies joins us now live from seoul good to have you with us so the focus of these talks is supposed to be the Winter Olympics one of the chances of getting on the table. Well coding to the museum of natural unification of south korean government the government to govern meetings will be focused on talking abou
The author of a controversial new book on donald trump says everyone he spoke to inside the white house was critical of the u. S. President s. Government supporters in iran rally for a third day against opposition protests also this hour opening the door to diplomacy north and south korea agreed to hold talks for the first time in more than two years. And im peter stammered with all the days sports news as defending champion Serena Williams pulls out of the Australian Open all of the full details later the first news hour. Thank you for joining us the author of a new explosive book on the Trump White House has spoken publicly for the First Time Since its Early Release on friday Michael Wolff says the president has no credibility and his staff say is like a. Child who needs instant gratification while this book called fire and fury paints a highly critical picture of life inside the oval office describing the president as mentally unfit for the job trump has taken to twitter saying the