Whats the latest on the trade front were just 10 days ago we heard that schedule negotiations were broccoli canceled the now were learning that there actually was a phone call carried on monday night between representatives for the u. S. And china now weve got statements from both sides and its interesting to see the u. S. d trade representative said both sides see progress and are committed to taking the steps necessary to ensure the success of the agreement then Chinas Ministry of commerce also released a statement in which they said the 2 sides agreed to create conditions and atmosphere to continue pushing forward toward the implementation of this trade deal of the major topics here were the protection of intellectual Property Rights and also chinas commitments to purchasing significantly more products from the u. S. Now this call was largely seen as a way to clear the air between the 2 countries to talk about how phase one of the trade deal has been implemented and then also to loo
For the Global Economy moving forward well bring you indepth analysis we have a packed show today so lets dive right in. And we lead the program with Economic Data out of the worlds 2 largest economies as the globe continues to grapple with the copen 1000. 00 pandemic lets start in china officials are reporting the countrys g. D. P. Grew by 3. 2 percent in the 2nd quarter of 2020 compared to the same period last year now the Economic Growth was a sharp rebound after the worlds 2nd largest economy contract by 6. 8 percent year over year for the 1st quarter of this year now china was the 1st nation worldwide to start lock downs and stay at home orders in january but most restrictions have since been eased more positive data came as industrial output jumped 4. 8 percent year over year for the month of june better than initial estimates from economists now some experts see these data points as a sign of an economic recovery for china however retail sales fell by 1. 8 percent. For the month
Year now the Economic Growth was a sharp rebound after the worlds 2nd largest economy contract by 6. 8 percent year over year for the 1st quarter of this year now china was the 1st nation worldwide to start lock downs and stay at home orders in january but most restrictions have since been eased more positive data came as industrial output jumped 4. 8 percent year over year for the month of june better than initial estimates from economists now some experts see these data points as a sign of an economic recovery for china however retail sales fell by 1. 8 percent for the month of june worse than analysts expectations but better than the loss of 2. 8 percent in may now meanwhile here in the United States the u. S. Commerce department announce retail sales for the Worlds Largest economy grew by 7. 5 percent in june after a massive jump of 18. 2 percent in may now this of course comes as restrictions have softened in certain areas of the country despite recent spikes in coronavirus. Cases
Countrys g. D. P. Grew by 3. 2 percent in the 2nd quarter of 2020 compared to the same period last year now the Economic Growth was a sharp rebound after the worlds 2nd largest economy contract by 6. 8 percent year over year for the 1st quarter of this year now china was the 1st nation worldwide to start lock downs and stay at home orders in january but most restrictions have since been eased more positive data came as industrial output jumped 4. 8 percent year over year for the month of june better than initial estimates from economists now some experts see these data points as a sign of an economic recovery for china however retail sales fell by 1. 8 percent for the month of june worse than analysts expectations but better than the loss of 2. 8 percent in may now meanwhile here in the United States the u. S. Commerce department announced retail sales for the Worlds Largest economy grew by 7. 5 percent in june after a massive jump of 18. 2 percent. May now this of course comes as rest
Yeah. You know if theres less patient in the fires under control of course you can have some kind of or but. It has to be you know really exaggerate and so would say and i think you know me and i think you are is actually doing pretty well given that again very posh is. Just the point briefly to bring up with you dont trump is threaten to withhold federal funding from schools that do not reopen due to croon of ours is not going too far right now in the midst of the pandemic. No in fact when you have the California Teachers Union saying were not going to open schools no matter what will they actually said they will not agree with opening schools to the police or defunded im not sure what Defunding Police has to do with it but if youre going to have all the kids to Public Schools in california are saying we are not important let kids stay at home and learn on line they can learn on line all kinds of programs that dont take taxpayer money what are you going to do with the buildings if all