The banking system. The banking system. And as the bbc s and as the bbc s Michelle Fleury reports, it could face even more tense relations with the us depending on who wins the race for the White House. When the measures were first announced back in may, the White House said it was in response to chinas unfair Trade Practices and to protect us jobs. At the time the chinese said they opposed the hikes and would retaliate. Analysts said the tariffs, which include a 100 duty on electric vehicles made in china, well, that they are largely symbolic, especially since chinese evs are not currently sold in the united states. As well as a rise on ev tariffs, levies on solar cells will increase to 50 , while rates on Steel And Aluminium products will more than triple to 25 . Tariff hikes on other products, including semiconductor chips, are set to take into effect over the next two years. The increases, which impact a relatively small amount of us imports, come as Vice President Kamala Harris an
Good morning on Bloomberg Radio, good morning on bloomberg television. Too much to talk about. You hear it within those voices, that maybe it is the morning after, and the vaccine is really not out there. Now we get into a churn of the immediate news. Jonathan it is a tugofwar between the forward outlook looking better and the nearterm outlook looking worse. A real divergence between the two. How policymakers navigate the former will allow markets to keep the help about the latter. That is the hope for the market. First half of the week about cyclical appetite. 500 downhalf, the s p 0. 6 and nasdaq futures just about positive on the day. Tom we are going to roll the data check here through because it is a mess this morning. I just saw a 93 print on dollar. That speaks to the resiliency of dollar. Weve had a weaker dollar, but we just seem to come back when the uncertainty reigns. Lisa that seems to be the theme with all of the uncertainty on the dollar. When there is a risk off feel, p
This is boom, bust one business show you cant afford to miss friendship or in washington. Coming up, the g. D. P. Of the United Kingdom has taken a major hit to cope with 1010 demick, leading to a flurry of borrowing not seen since. Or in times of peace. Plus, could the European Union be rolling out a Coronavirus Vaccine before 2021 . Straight ahead when to break down the potential for the move and where we stand amid the outbreak. And the later we do a deep dive into the state of the chinese fight against poverty. In fact, shown today, lets dive right in. And we need the program with the latest in the economic toll brought on by the kobe 1000 pandemic. The british economy is expected to contract by 11. 3 percent in 2020, according to the u. K. s office for budget responsibility. Now the o. B. Are also update its forecast for the next few years, predicting growth of 5. 5 percent in 2021 and 6. 6 percent in 2022. G. D. P. In the nation will not return to preclude, a virus levels until t
Still needs 17 Electoral College votes but were getting new information. Whats changed from yesterday the president is behind in pennsylvania there you see joe biden with an 8,000 plus vote lead in pennsylvania the president behind in the state of georgia, 1584 vote margin thats a really squeaker in state of georgia the president needs both of those to advance here. Pennsylvania is the big kahuna joe biden gets that this race is over take a look. The state of arizona where in last hour we got a new wave of vote from Maricopa County. Thats in arizona near phoenix that pushed bidens lead down. It was just under 44,000 or right around 44,000. Joe biden at 50 even donald trump 48. 6. The difference 4377. 9. So the biden lead holding in arizona. Nevada similarly, weve been getting new vote throughout the day. Yesterday and through to today there you see joe biden ahead 49. 8, donald trump 48. 1. The difference there just over 20,000 votes, guys so a very close race all of this is being watc
Of the United Kingdom has taken a major hit to cope with 1010 demick, leading to a flurry of borrowing not seen since. Or in times of peace, could the European Union be rolling out a Coronavirus Vaccine before 2021 . Straight ahead when to break down the potential for the move and where we stand amid the outbreak. And the later we do a deep dive into the state of the chinese fight against poverty. In fact, shown today, lets dive right in. And we need the program with the latest in the economic toll brought on by the kobe 1000 pandemic. The british economy is expected to contract by 11. 3 percent in 2020, according to the u. K. s office for budget responsibility. Now the o. B. Are also update its forecast for the next few years, predicting growth of 5. 5 percent in 2021 and 6. 6 percent in 2022. G. D. P. In the nation will not return to pretty coronavirus levels until the 4th quarter of, 2022. Now, according to the o. B. , our borrowing is set to reach 526000000000. 00 or roughly 19 per