Government extends lockdown instructions for at least 3 more weeks. And Brazils Health minister is fired over his handling of the coronavirus price. So join his crate of eyes crisis has tipped its economy into sharp decline quarterly Gross Domestic Product figures showed that demand for its goods and services has plummeted by 6. 8 percent in raises yet more pressure on beijing to prop up growth and made mounting job losses in 40 exports in the worlds 2nd largest economy lets go straightaway to beijing correspondent katrina youre standing by for us they could train almost 7 percent these are extremely serious figures. Thats right this is a historic plunge this is the biggest contraction weve seen for the 1st quarter growth in china since records began and its not entirely surprising it is especially due to this corona virus pandemic now chinas economy was already slowing last year was it slowed to its slowest growth since the 1970 s. Now this has really this pandemic has really brought
A major expansion in coronavirus testing the u. K. Government extends knock down restrictions for at least 3 more weeks and Brazils Health minister is fired after a dispute with president abbas an hour over the call in a virus response. Chinas economy has suffered its shopping fall since it opened up to the world in the 1970 s. In the aftermath of the coronavirus pandemic Gross Domestic Product g. D. P. In the 1st quarter promenade by 6. 8 percent compared to a year earlier its the 1st time is contracted in decades as speak to our correspondent katrina youre in beijing so a story fall katrina but not a surprise entirely. No i mean outbreak prevention measures saw chinas economy at a standstill for almost 2 months Factory Production was halted businesses were closed and hundreds of millions of people were stuck indoors and the result is this full of 6. 8 percent historic as youve just said and also the 1st disruption to chinas an interrupted worth for almost half a century and we got so
The ftcs settlement of its back and the stock climbed towards highs in the session. Romaine lets go to our markets reporter. I am looking at the u. S. Dollar. We did not see the same action and the dollar despite the rally. We see the u. S. Dollar slipped for a Third Straight day versus major currency competitors. Investors are trying to haven currencies they happen to outperform during the day. In the amid turbulence markets and resurfacing u. S. China trade tensions. Traders are weighing concerns for Global Growth and the outlook for the u. S. Interest rate cuts and the rise in american Producer Prices added some pressure on the u. S. Dollar. I was looking at the record highs we had. Lets focus on the s p 500. The second consecutive closing high. Above 3000 for the first time. The day,ed. 4 through enough for the superlatives. We really ground higher through the day. Todays gains were set up by fed chairman jay powell, his comments pointing toward easing Monetary Policy at the end of
trump. we ll hear from former clinton and obama trade officials as they talk about protectionist policies. the role of the u.s. in the world trade organization, and president trump s proposed renegotiation of the north american free trade agreement known as nafta. this is an hour and a half. glad to see everyone here. i am john mayo, a professor of economics, business and public policy at georgetown university s mcdonough school of business. i am also the executive director of our host institution for today, the georgetown center for business and public policy. i will tell you that we are delighted today to have a discussion on something very important, near and dear to the georgetown center, and that is the subject of trade policy. and in particular, we are going to examine the issue of whether trade remedies, thinks tariffs, quotas and the like, remedy act to remedy unfair trade practices, or are they themselves simply protectionist policies? tod today s panel will be m
c-span 2 and watch anytime on c-span.org. and listen on the free c-span radio app. next, a discussion on the future of u.s. trade policy and current trade protection measures proposed by president trump. we ll hear from former clinton and obama trade officials as they talk about protectionist policies. the role of the u.s. in the world trade organization, and president trump s proposed renegotiation of the north american free trade agreement known as nafta. this is an hour and a half. glad to see everyone here. i am john mayo, a professor of economics, business and public policy at georgetown university s mcdonough school of business. i am also the executive director of our host institution for today, the georgetown center for business and public policy. i will tell you that we are delighted today to have a discussion on something very important, near and dear to the georgetown center, and that is the subject of trade policy. and in particular, we are going to examine the