watch out the truong democrat maxine waters is set to lead the powerful financial services committee following the midterm elections and already she s flexing ho muscles also coming up with less than five months to go before britain s exit from the e.u. summit u.k. companies are eyeing an exit from britain just to stay in business. and after years of political unrest and terrorist attacks tourists is slowly returning to enjoy each it is attraction. based says your business update on having a home free i m glad you could join me now her name is maxine waters she s a democrat and most crucially the new head of the financial services committee in congress and she s already known as anniversary of president donald chung but i
need position gives her more power she can now and that subpoenas and on her radio is key to the president which is can look into documents and bank statements possibly a connecting trunk and russia democrats are not yet decided whether they will subpoena georgia o
Need position gives her more power she can now and that subpoenas and on her radio is key to the president which is can look into documents and bank statements possibly a connecting trunk and russia democrats are not yet decided whether they will subpoena georgia or what aspects of the president s finances they would like to look into. well let s get more on this now with our financial correspondent so fishermans q on wall street sophie in light of this how concerned should the president be. very concerned helen i put two reasons on the one hand because of water stands on from deregulation also banks and financial sector an important pillar of his presidency and an addition to that she could also investigate trump himself as he would have the power to subpoena trump personal effects returns a big story during his campaign that still hasn t been resolved trump has bucks to
But hydroelectric power remains the largest renewable source missing sixteen percent of global elec tricity demand by twenty twenty three. but despite the growth in the renewable sector the i.a.e.a. warns it won t be enough to meet long term climate and sustainability goals the agency says the areas which are not moving to a new builds quickly enough are transported and he s saying vote for home fund industry. let s get the view from the united states now we can join our financial correspondent who is on wall street sophie what is the way to offer in terms of renewable energy especially bearing in mind that the us president has promised that the coal industry is back. well ahead and when you think about the white house of agenda right now you remember things like climate change is a hoax made up by china leaving the parents climate agreement little more than
A trillion dollar economy now and our correspondents a few months he joins us now from wall street sophie the u.s. commerce secretary wilbur ross i mean trying to play things down but investors don t seem to be buying it u.s. companies are already taking a hit if we take a look at the stocks who s hardest hit right now the american automakers for example are suffering because many of them are still importing auto hards from the european union for example so they re going to face higher costs which eventually are going to lead to american cars getting more and more expensive and then there are the food producers they need as a mini i m sure they can so they re facing higher costs and have to charge higher prices while european or canadian competitors are able to simply dodge the tariff because they can export their canned goods into north america and then the energy
Something like soybeans the way the chinese are buying soybeans from the united states or have been that would be really leverage harley davidsons bourbon this is all symbolic actions i think indicating that it could get worse we don t want but it s also an indication europe does not want it to get worse the normal procedure when there s a hand a trade dispute is to go to the w t o. but forcing america to be outside and not inside is probably the right strategy right retaliation escalation at the moment from the european union in korea from the j.f.k. instituted three instance at the free university of berlin or it s great to have your analysis. and our correspondents a fisherman and he joins us now from wall street sophie the u.s. commerce secretary wilbur ross i mean trying to play things down but investors don t seem to be buying it u.s. companies are already taking a hit if we take a look at the stocks here s hardest hit right now. you