Will have to be under wto rules. The second big element are commitments from the chinese on a few structural changes. Intellectual property enforcement. They will do more of it, they say. That is something they are doing already. The third element is something on currency. The chinese have long been accused of being a currency manipulator. In this agreement, they agreed to be more transparent about how they manage their currency. How they manage their currency. We will see what happens. The fourth element imports from china do to go into effect on sunday is also agreed to lower the rate on about 110 billion in imports from china that took effect september 1. That will go down from 15 to 17 point from 17. 5 to 15 immediately. Those are this is the first time we have seen President Trump rollback any tariffs, and that is a big confidence building measure. The big problem with this agreement, and we are already seeing folks point to it, including chuck schumer, is this does not address so
It. Is a sign from the u. S. Point of view that countries like the u. S. And brazil are not doing enough, in their mind to combat Climate Change,. David there are a lot of side negotiations reported. I will talk to you in a little bit about resident rouhani of iran. For now, we go to Wendy Benjamin down in washington. The week has been consumed as to whether or not President Trump did or did not intervene with the ukraine. Today, we heard him say he had a conversation with the head of ukraine. Wendy he acknowledges ringing up the case of joe biden, the Democratic Front runner, and his business dealings with the ukraine. He at the ledges bringing it up. He big question is, did overtly suggest that u. S. Aid was a factor in the decision of the ukrainians to investigate biden . Isid and on this one, it not just the he said she said, it appears theres is a record of that conversation, so if it were revealed, we would know the answer to that question. Wendy that is exactly right, but were n
Earlier on, up by 4 10 of 1 . Not the reaction draghi would have been looking for. The banks initially traded higher here in europe. Draghi is talking about tiering. The banks have wanted to talk about this for quite some time. The banks completely turned around, as did european equities, now down by 4 10 of 1 . Vonnie it is mainly about earnings in the united states, so to give early fx and bond traders watching closely so particularly fx and bond traders watching closely. Earnings. With the cofounder is leaving, but also it is losing 1. 12 per car sold. That really didnt endear itself to investors. The stock is down 13 now. Ford having a pretty negative quarter, its turnaround strategy hitting the pause button. It is down 7 . Bank takingcentral down the Interest Rate by 425 basis points today, indicating there would be more cuts to come. The Interest Rate is still almost 20 , but traders seeing an opportunity for carry here, and that has the lira stronger. Guy lets talk about the ecb
The potency of pot. How marijuana use affects adult and developing brains. We know that there are likely negative effects if cannabisbe mes a regular part of ones routine when were neurodevelopmentally vulnerable. That is, were just stillow g up, were under construction or halfbaked, better way to put it. Woodruff all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by babbel. A language app thaifteaches realconversations in a new language, like spanish, french, german, italian, and more. Babbels 1015 minute lessons are available as an app, or online. More information on babbel. Com. Supporting social entrepreneurs and their solutions to the worlds most pressing problems skollfoundation. Org. Un the lemelson tion. Committed to improving lives through invention, in the u. S. And developing countries. On the web at lemelson. Org. Supported by the john d. And catherine t. Tiacarthur foun. Committed to building a more just, verdant and peaceful w
Much for joining us. Cnns primary coverage continues right now with laura coats and abby philip tonight, too big checkmarks. One has all already happened, and were expecting the other any minute now. And when it does, you can officially lock in your Matchup Cards for what might be the most important election of our lifetime welcome to a Special Edition of newsnight. Im abby phillip in new york, and im codes and washington dc, its a short time ago. Joe biden made official well, the obvious and he will be the democratic nominee come this november. He is celebrating clinching in a new video asking voters, are you ready to win . Well, tonight, biden adding important victories to his win column. Look at all of states, State Of Georgia, one that he won in 2020, put them over the top. Its also a state were done for trump tried to deny democracy and say, well, donald trump is on trial for Election Interference. And tonight the president put the november choice and quite the star in terms. Are