We can then today in our continued effort to understand whyt this can be received inaccurate and misleading testimony from dhs regarding its decision to ban residents of new york state, trusted Traveler Programs, like global entry. On february 5th, senior dhs official chad wolf wrote to new york officials to inform them of the ban, without notifying congress and the members of the new york state delegation who sit on this authorizing committee. Mr. Wolf cited new yorks green light law as justification for the ban, stating that the law quote, compromises cbps ability to confirm whether an individual applying for ttp membership meets Program Eligibility requirements. Mr. Wolf then stated, quote, because the act prevents dhs from accessing new york dmv records in order to determine whether a ttp applicant or reapplicant meets Program Eligibility requirements, new york residents will no longer be eligible to enroll or reenroll in cbps trusted Traveler Programs. After that announcement, thi
Good morning, everybody. Welcome to squawk box here on cnbc but this comes after a backdrop of a pretty big decline on friday on friday the dow was down by 700 points and this morning its up by 200 points you have the s p up by close to 20 points and the nasdaq up by 26 but we are getting to the end of the month and thats when we start to take notice of what has been happening with declines that we saw on friday push the dow and s p 500 into negative territory for the month of june. If they want to make that up they have two trading sessions left before we get to july so over the next two days the dow would have to make up 1. 5 if it wants to be positive for the month of june. S p would be up 1. 2 its up by 2. 8 . Lets take a look at what has been happening with the treasury market the treasury yield the ten year is the one that we always pay the most attention to it seems to be yielding. 645 . And i think he is going to have interesting things to say too in terms of trying to put it i
Other asian economies im joined by our director of the mocker Economic Research division of the Asian Development bank so good to have you with us lets start 1st of all with this latest development what do you make of china asking the u. S. To be rolling back levies so that they can buy Agricultural Products of beijing that cash strapped its a bit funny. Chinas a 12 trillion dollar economy they can obviously afford to buy more of a cultural products if they want what is true and whats maybe not so funny is that the trade the trade war has really had an impact on the chinese economy and our Asian Development all of that that came out 2 weeks ago our estimate is that the tariffs currently in place have already of will impact china by. Taking away about 80000000000. 00 and of g. D. P. And about 3 or 5 more than 5000000. 00 jobs so in that sense its nontrivial they do what they do want the terror. Its rolled back just a postponement of the tariffs today is not enough and if china needs bas
A thread of your to. Go through point of a more on the impact of this protracted trade war is having on china as well as other asian economies im joined by our director of the mocker Economic Research division at the Asian Development bank so good to have you with us lets start 1st of all with this latest development what do you make of china asking the u. S. To be rolling back the levies so that they can buy Agricultural Products beijing that cash strapped but thats a bit funny to all the chinas a 12 trillion dollar economy they can obviously afford to buy more of a cultural products if they want what is true and whats maybe not so funny is that the trade the trade war has really had an impact on the chinese economy and our Asian Development i think that came out 2 weeks ago our estimate is that the tariffs currently in place have already of will impact china by. Taking away about 80000000000. 00 and of g. D. P. And about 5 more than 5000000. 00 jobs so in that sense its nontrivial th
A more on the impact of this protracted trade war is having on china as well as other asian economies im joined by our director of the mocker Economic Research division at the Asian Development bank so good to have you with us lets start 1st of all with this latest development what do you make of china asking the u. S. To be rolling back levies so that they can buy Agricultural Products of beijing that cash trucks but thats a bit funny. Chinas a 12 trillion dollar economy they can obviously afford to buy more of cultural products if they want what is true and whats maybe not so funny is that the trade the trade war has really had an impact on the chinese economy and their Asian Development all of that that came out 2 weeks ago our estimate is that the tariffs currently in place have already of will impact china by. Taking away about 80000000000. 00 and of g. D. P. And about the 5 more than 5000000. 00 jobs so in that sense its nontrivial they do what they do. The tariffs rolled back ju