Protests against a label law that was passed earlier this month that opponents say will erode workers rights and dismantle environmental protection. This is the dollar index on the way down. One week lows earlier on today. The euro new york crude moving to the downside. We had the report on inventories showing u. S. Stockpiles were indeed much higher than had been anticipated. Dollar weakness, golds gain. Tom lets bring you the first word news and a catch up on the pandemic situation in europe. Be amains and continues to coronavirus hotspot, with new daily infection records in germany and the netherlands. Ing a curfew in madrid. Manchester is being forced into the u. K. s strictest curbs. In the u. S. , new yorks governor blames President Trump for virus deaths in his state, calling him a liar and a super spreader. California is easing restrictions in San Francisco. By the u. S. Ing sued Justice Department for abusing its monopoly in search in what seen as the most significant antitrus
Is a boom bust the one business show you cant afford to mess up their montecito going to washington coming up the u. S. Is expanding thanks to ramp up the pressure against the north thing to pipeline between germany and russia we have an expert panel standing by on the b. O. J. Is filing suit against internet giant google will discuss other nonsense to be the 1st of many antitrust lawsuit to break up the Worlds Largest tech company we have a lot to get through so lets get started. The north stream to saga continues as the United States is stepping up its efforts to block the north stream to pipeline which would provide natural gas from russia to germany u. S. Secretary of state my pump aoe says the u. S. Is creating a coalition of nations to help prevent the pipeline from being completed the pipeline is supposed to provide a major cost benefit to the german and. Market with natural gas being delivered directly without any intermediaries the u. S. Backed by poland baltic nations and ukr
Challenges were mana fold the former east was economically behind a 3rd of state run companies there were shut down leaving millions out of work with no choice but to start over and thats exactly what todays show is all about. To this day the truck bond or trabi is the symbol most associated with the east german industry the now iconic vehicle was manufactured in the city of stick in the state of saxony it was known for being on reliable on extremely pollution but 30 years on change is brewing in its birthplace today speak oh is home to one of folks botanist most innovative car factories. Car manufacturers are scrambling to catch up and get ahead the future is an actress and the means of practical transformation of germanys all time industry supply is a struggling in west and east and. I dont know but i believe. Electric cars need to have about tree. What they dont need to get cases like this because they dont have multi speed good boxes. And that is a major problem for you. He heads t
This trillion budget deficit the australian budget deficit turmoil withs in tensions in china and the virus lockdowns. Shery lets get a quick check of the market. We are seeing u. S. Futures coming online a quarter percent higher at the moment. In the broader context of things, the s p 500 goes down for the fourth consecutive week. On friday we did see some misfires and after the market closed we had news that stimulus count had resumed stimulus talks had resumed between speaker of the house nancy pelosi and steepener nguyen. W steve mnuchin. 4 . Is down it did manage to stay above that 40 per barrel level but we do have concerns over the virus search. The dollar seeing its best week since april. Haidi we are seeing currencies in asia at this early part of the session holding pretty steady. We are seeing some downsides when it comes to trading already. Isare looking like tech possibly following the lead in the korean and japanese markets. In asia, it is a muted first half of the week w
Pipeline is supposed to provide a major cost benefit to the German Energy market with natural gas being delivered directly without any intermediaries the u. S. Backed by poland baltic nations and ukraine has long been seeking to disrupt the pipeline that will carry russian gas to germany via the baltic sea joining me now to discuss the us coca cola spends juan and former u. K. Member of Parliament George galloway thank you for being with us today ben already the United States has put placed thank sions on this project in fact in december of last year those sanctions forced a Swiss Company to abandon the project what is the u. S. Talking about doing this time. Yes so what the u. S. Is really doing and you know you know im not a fan of sanctions really on any level sorry i disagree with them pretty much in principle but this to me seems to be maybe the worst example of how sanctions are being used you have 2 countries here that have agreed germany and russia to have a natural gas pipelin