from the billionaire buyer about his 240 restaurants that are back in business open once again. he ll join us later. first, over to you as we mentioned, fed chair jerome powell testifying on the cares act today. let s bring in steve for more. steve. thanks very much, kelly the treasury secretary and the fed chairman defending the programs that are out there. the critical questions being how soon will this money be delivered. is it going to the right people and is it enough of it out there? poul w powell was asked about the question and here is his response regarding maybe more needs to be done this is the biggest response by congress ever and the biggest from us and this is the biggest shot we have seen in living memory and the question looms in the air of is it enough. he seems to suggest that more may need to be done. congress wanted to know where is the money they appropriated and the fed is yet to launch several programs here is graphic that may help you understan
escalation that the u.s. has cited for the a bird attack was the downing of an unmanned surveillance drone by iranian forces but wild world leaders from the e.u. russia china france the u.n. and the u.k. the vatican and germany have all urged restraint and voiced opposition to the plot the news still resonated elsewhere in the region in iraq and nation that is no stranger to u.s. actions the tax stalled a deal that was nation has struck with an oil giant exxon mobil to boost output in the recovery nation. according to a reuters exclusive the deal which is worth $53000000000.00 has been held back due to the move on iran and the heightened tensions in the area. the strait of hormuz is in focus as president trump called out the military strike against iran and now the market is reacting but if this trend continues what can we expect to see in the oil sector and what are the other factors that are play for the rising prices here to drill into all the details hard she produces sci
president trump has labeled an additional threat to apply that duty to another $325000000000.00 dollars 5 of chinese imports not yet covered for now the prospects and schedule for talks is as unclear as ever with president seeming an ambivalent about the content and direction of the talks and chinese president xi concerned about appearances and backing down under pressure so daniel right now it seems where basically when we started this was the most anti-climactic ending to the week as possible right and if this is become a real life reality show then this is sort of the season finale where you don t find out who the winner is exactly so essentially they re just kicking the ball down the aisle america has escalated china so that they will retaliate but for now it seems like the markets are actually rather content with this ending for now. right now for more in-depth coverage we turn to our correspondent alex mayhill of the church in toronto alex welcome. thank you now alex 12
china trade talks and later as i.p.l. listing gets the green light and its debut full well it soon be slamming on the brakes. trading gets behind the wheel and gives us a plane around the street following the listing. a cliffhanger ending for the u.s. trade talks with china leaves our global report today as negotiators from both sides sit just 2 hours of talks before passing a decision on next steps to the presidential level after exiting that relatively brief round of talks earlier today u.s. treasury secretary said simply we are done adding that he and his chinese counterparts had constructive discussions meanwhile the threatened increase of u.s. tariffs on chinese imports from 10 to 25 percent took effect friday morning president trump has labeled an additional threat to apply that duty to another $325000000000.00 of chinese imports not yet covered for now the prospects and schedule for talks is as unclear as ever with president seeming ambivalent about the content and dir
tariffs on chinese imports from 10 to 25 percent took effect friday morning president trump has labeled an additional threat to apply that duty to another $325000000000.00 of chinese imports not yet covered for now the prospects and schedule for talks is as unclear as ever with president seeming ambivalent about the content and direction of the talks and chinese president xi concerned about appearances and backing down under pressure so daniel right now it seems where basically when we started this was the most anti-climactic ending to the week as possible right and if this is become a real life reality show then this is sort of the season finale where you don t find out who the winner is exactly so essentially they re just kicking the ball down the aisle america has escalated to china so that they will retaliate but for now it seems like the markets are actually weathered content with this ending for now. right now for more in-depth coverage we turn to our correspondent alex