Got down worldwide today it was yesterday because everything seems further apart than ever but the thing is like we were never close to phase one to begin with nothing has changed the narrative has not changed since i was even earlier this march the end furthermore everyone now theyre looking at the december 15th deadline because thats really the backstop for the entire phase one deal right now thats the backstop and thats the leverage at present temporarily has and right now analysts are saying that if this tariff goes into place that will be terrorism 156000000000. 00 worth of goods and for the 1st time ever this will affect consumer goods and electronics so its funny because both sides keep sounding like phase one is close were almost there beijing same meetings will make make this happen like were going to get it together well get it done but then as they talk about it the closer they seem to get the more they kind of up the terms of what they was trying to keep saying well we want
A bearish cycle for the Worlds Largest cryptocurrency weve got a lot to get to on a very busy day so lets get started. And we begin with fears that in fact there will be no phase one trade agreement between the u. S. And china at least not this year and those fears are translating into lower economic forecasts for not just the u. S. And china but really for Global Economic growth the organization for Economic Cooperation and development said on thursday that the Global Economy is now at risk of settling into a quote low growth rut the o. E. C. D. Has now lowered its forecast for Global Economic growth in 2020 to 2. 9 percent from the 3 percent expected in september meanwhile the c. E. O. Said thursday that members of the g 20 continue to impose restrictions on imports in the 6 months through october with new measures affecting 460400000000. 00 in goods kristie as we do each day lets talk about this because 1st of all as we mentioned on wednesday right there is talk to. This phase one d
Each day lets talk about this because 1st of all as we mentioned on wednesday right theres talk of this phase one deal between the u. S. And china may not get done this year which really isnt a big surprise it would take what about 5 weeks for a deal to be signed and were already up against it based on where we are in terms of the calendar but even though you know that would be assuming everything is ready to go right now but it seems like both sides u. S. And china are further apart than theyre pretending exactly and this is as you said like it would take certainly a long time and the markets really shouldnt be surprised by this so the markets got down worldwide today it was yesterday because everything seems further apart than ever but the thing is like we were never close to phase one to begin with and nothing has changed the narrative has not changed since i say even earlier this march the end furthermore everyone now theyre looking at the december 15th deadline because thats reall
[inaudible conversations] [inaudible conversations] okay, lets go. Senator bennet we will turn to you. Mr. Chairman. It just seems to me was close to a quarter million americas children living in poverty and im sorry im calling up amendment 11. With almost a quarter for children living in poverty and the middle class struggling with lack of wages Early Childhood education is up and health care is up, that it seems to me we could have thought about a lot better use of this money then giving 39 billion to 1 of americans that are making over a Million Dollars a year and by the way its year after year after year. Thats when the deficit is so huge. Its year after year after year. I was at a meeting with some of my colleagues and President Trump called and im not saying anything that hasnt already been put in the newspapers but one of the things he said on the phone calling from asia was how terrible he said this plan is for the rich. I dont refer to people that way but he said turbo for the
It is just on 6 00 here in london. Oil producers have already got down to business and the leading players supply one third of the world posco crude oil got together last night to see if they could preemptively agree to a cut in output. Interviewgot the only with the chief executive of the biggest publicly traded oil rosneft,raws left what did he have to say then . It is a dark morning here and cold in vienna and especially for those were hoping for Higher Oil Price because the man. Coffer their hopes yesterday the stage was set for a grand deal between saudi arabia, venezuela two countries from opec and mexico and russia two countries outside opec to agree to cut output to boost prices. The first three of those countries mexico and venezuela and saudi arabia cooperated in 1999 when oil had just dropped below 10 a barrel and there was hope and suspicion that they might do the same thing yesterday, alas i spoke with him just as he came out of the meeting and he said oil is tumbling sayi