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Lets go outfront. Good evening, i am erin burnett. Outfront. Breaking news. House republicans meeting Behind Closed Doors to debate the fate of liz cheney after she voted to impeach trump. That meeting lasted more than two hours. As her fate is up in the air, one thing the minority leader Kevin Mccarthy made clear already tonight is that he is picking a side. Marjorie Taylor Greenes side, a side of Conspiracy Theories, too fringe for fringe. A woman who days ago said she still truly believes that the election was stolen and fraudulent. A qanon supporter. Mccarthys words tonight, past comments by Marjorie Taylor greene on school shootings, Politi ....
3000 jobs will be cut under bains new ownership. Bain capital ownership, which in addition to these details relating to jobs, we are also expecting to hear about aircraft fleet and the future as well, this after bain bought Virgin Australia in what is a pretty bold that on an industry that has been shattered by the travel restrictions and the coronavirus pandemic. Virgin australia committed to regional and charter flying. Of targetsindication and priorities when they are restructured in addition to 3000 jobs being cut. Also getting data out of australia. Manufacturing pmi, services as well as composite index coming through. Dropping from that preliminary number for july. The composite number of 67. 8 also a little bit weaker. The performance of Construction Index coming in at 42. 7, higher than 39. 5. Lets take a look at the aussie dollar. Largely to do with the situati ....
We bring you todays market moving news from around the world. Our bloomberg voices are on the ground with this mornings top stories. We want to begin with china. The government has agreed to cut import tariffs on a wide range. F goods joining us is stephen engle. Break down what we know about the tariffs, why now, etc. Stephen this comes fresh after a trade one agreement a phase one trade agreement. A gesture, yes, to show its lowering trade barriers, but it also wants to spur domestic spending for those 859 products he mentioned, from smartphone parts to food, in particular, frozen pork. All of these products will enjoy lower tariffs, and it comes as china hosts a critical trilateral summit this week that has already kicked off in beijing between china and japan. South korea will also take part. Trade, territorial disputes, military maneuverings, of course, exacerbated by north thoses posturing, and all historical animosities still persist. So those talks should be welcome. Been korea ....
Africanamerican president. Yeah yeah as you can see our water is nothing exposes the racial and political divisions in this country faster than the mere mention of the idea that the United States government might actually be held physically and socially responsible for the hardships currently faced by black americans today due to the countrys history of slavery and institutionalized racism so today lets talk about reparations and also most importantly the historical and cultural importance of juneteenth and what that means for the u. S. As we start watching the hawks. Get the. Real deal its. Like you know that i got. This. Welcome in watching the hawks i am a robot and im tapped. To help us better understand the importance and what it has to offer us education is the president the National Chain type Observance Foundat ....
Are grateful to have you here to discuss your thoughts on this matters. Ive stayed my view the president ial leadership will be a key component to any successful tax reform effort. Just last week i quoted president obama in a speech on the senate floor in 2012. He said things like our current Corporate Tax system is outdated, unfair, and inefficient. He never g the problem was that president obama never got around to meeting out on tax reform. I expect more from President Trump and tax reform, that expectation comes in large part because of knowing him annoyed the way he approaches things. O i have to say also because he and secretary mnuchin have been talking about it so much. But more than that they engage a in congress on these issues. Ise i believe your nomination is another way this president has further demonstrated histment commitment of confirming the commitment of th ....