I. M. F. To eliminate unfair competitive advantage thats been created by chinas action. This is according to Treasury Department statement. Remember, the last time that the Treasury Department had a policy report on the Foreign Exchanges, it was back in may and they stopped short of labeling china a currency manipulater. They havent done that since 1994. And the fact remains that there is a 2015 trade facilitation and trade enforcement act and china really does not tick all of the three different criteria. We are talking about minimum 20 billion trade surplus with the u. S. China does tick. But were not talking about repeated interventions in the currency markets or current accounts in excess of 3 of g. D. P. The fact that the Treasury Department went ahead with labeling currency ma china a currency manipulater will have to wait to see on what basis that has been done. There are analysts who have said there could be a currency manipulater designation through the older, 1988 omnibus tra
Thatdominated yesterdays action, that along with chinas currency move. Overnight Chinas Central Bank setting the yuan mid point firmer than many expected. That happened at 9 00. We saw a turnaround in u. S. Equity futures which were down overnight as much as 600 points at the lows. Right now a positive open across the board. S p looking to be up by 11 points dow jones up by 102. The nasdaq looking to recoup 44 points as for u. S. Treasury yields, we saw a 2016 low also. We had the tenyear note at 1. 758 overnight we breached that 1. 7 level. A key level here. We have cnbc reporters everywhere this morning covering the Market Reaction to this escalating trade war willem marx is in london well get to him in a moment, but across the world to china. Eunice yoon is on the ground in beijing. Reporter china strongly opposes being labeled a currency manipulator. The central bank, which manages a floating currentry cy exchang rate called the move unilateral protectionist behavior that violates
This year, our Unemployment Rate is 88 . We hope that this trend will continue and the Unemployment Rate will decrease, and as i said, this decrease in the Unemployment Rate is due to the increase in employment, which means that the number of people who actually go to work or are employed has increased by about 78,000 compared to last year. Found the statistics in the economic field now it is published more in the country, or there is a Statistical Center of iran or the central bank, we will see a report on this , and we will talk about this issue with each other later. 60 inflation in september 1400, claim or reality. These comments are the headlines of some media regarding the inflations that have been announced by the government so far. Government spokesman on 19 february 100. The inflation that i think now is according to the announcement of the central bank and not the Statistics Center of iran. Inflation that we faced at the beginning of the formation of the government with 60 in
For Illegal Immigrants. The white house today dismissed any connection between her murder and of the president s refusal to realize people want to play politics with the president has done everything in his power that we focus our resources on criminals. Lou really . We will take of his policies with the immigration and advocate for go the congressman is proposing legislation to require the federal government to deport Illegal Immigrants convicted of serious crimes and then 90 days. Critics are piling on to the president and his progressive policies that her murder could have them prevented but the administration refuses to secure borders or enforce the Immigration Laws or the 100 sanctuarys cities across the country. We are in San Francisco with the report. Selling tested the 45 yearold sanchez is no stranger. Sent back to mexico five times after seven felony convictions in a stunning interview he confessed it is admitted he returned because of the century policy. He was in federal cu
City that is a safe haven for Illegal Immigrants. The white house today dismissed any connection between her murder and of the president s refusal to enforce Immigration Law. Realize people want to play politics with the president has done everything in his power that we focus our resources on criminals. Lou really . We will take of his policies with the immigration and advocate for go the congressman is proposing legislation to require the federal government to deport Illegal Immigrants convicted of serious crimes and then 90 days. Critics are piling on to the president and his progressive policies that her murder could have them prevented but the administration refuses to secure borders or enforce the Immigration Laws or the 100 sanctuarys cities across the country. We are in San Francisco with the report. Selling tested the 45 yearold sanchez is no stranger. Sent back to mexico five times after seven felony convictions in a stunning interview he confessed it is admitted he returned