Of 7 judges 4 whose terms have expired have not been replaced because the United States has blocked the naming of their replacements 2 of the remaining 3 are due to leave on wednesday with only one member remaining the court would no longer be able to function and the director general said that he will be now holding intensive consultations of a political nature ill get to his statement in a minute but what he said was that he thinks we need to dig deeper and we need to have a broader look at what we might be able to do in order to get a permanent solution to this problem involving the appellate body many of washingtons objections center on rulings related to trade with china. Without a court the 164 member w t o would no longer have a binding dispute Settlement System in a global trade environment that is a ready highly volatile that prospect has many feeling highly alarmed. Lets check in with our china expert cliff coonan who is in hong kong at the moment. Are they really that diffic
Of 7 judges 4 whose terms have expired have not been replaced because the United States has blocked the naming of their replacements 2 of the remaining 3 are due to leave on wednesday with only one member remaining the court would no longer be able to function and the director general said that he will be now holding intensive consultations of a political nature ill get to his statement in a minute but what he said was that he thinks we need to dig deeper and we need to have a broader look at what we might be able to do in order to get a permanent solution to this problem involving the appellate body many of washingtons objections center on rulings related to trade with china. Without a court the 164 member w t o would no longer have a binding dispute Settlement System in a global trade environment that is a ready highly volatile that prospect has many feeling highly alarmed. Lets check in with our tonics both Clifford Coonan who is in hong kong at the moment clifford are they really t
7 judges for whose terms have expired have not been replaced because the United States has blocked the naming of their replacements 2 of the remaining 3 are due to leave on wednesday with only one member remaining the court would no longer be able to function and the director general said that he will be now holding intensive consultations of a political nature or get to his statement in a minute but what he said was that he thinks we need to dig deeper and we need to have a broader look at what we might be able to do in order to get a permanent solution to this problem involving the appellate body many of washingtons objections center on rulings related to trade with china. Without of course the 164. 00 member w t o would no longer have a binding dispute Settlement System in a global trade environment that is already highly volatile that prospect has many feeling highly alarmed lets check in with our tonics both cliff coonan who is in hong kong at the moment clifford are they really t
Will come tonight. Every week w. A global trade emergency and the biggest crisis in the history of the World Trade Organization. Arbitration system collapses in. Pressure goes out its top court also coming up the swine flu epidemic is hitting consumers in china prices for pork have doubled pushing overall inflation to the highest level in years and this years Nobel Prize Winner is now have their medals to take you inside the factory where theyre for. Kris kobach into the program as if global trade wasnt under enough pressure its now losing its ultimate empire the World Trade Organization will no longer be able to deliver a final trade dispute rulings starting on wednesday the bodys chief says this after Member States failed to on block a dispute over the way that cases have been handled successive u. S. Administrations have blocked the appointment of new judges to the w t os now effectively crippled apple of course critics fear world trade is now facing the law of the jungle the World
Paralyzing hong kong and goldman responds and burger king launches the new Meatfree Burger overseas. You were hoping for a little billy idle at 5 01 in the morning. Thank you for being with us this Tuesday Morning. A little cold out there. The dow is up 18 and it might continue to rise futures are basically flat they came up about 35 or so. Basically up by 10 right now weve had nine record high closes if we get a little momentum here, could be the 10th. As stocks go up, yields go up as well people selling the bonds the benchmark creeping closer to that 2 . In asia, japan, youve heard us talk about it for weeks now. That market higher the nikkei up there. Inching toward the 2018 highs as well despite the unrest in hong kong. Continues to rise. In europe, there is a lot of green on your screens this morning. All the five major averages are higher today markets around the world are up. We are going to get more on all of these markets right now lets get to the biggest release. Disney plus