as drought stricken city of chennai all else fails then bring in the precious cargo via rail. ventures one let's do business the reality couldn't be any different chinese state media describes the trade talks as constructive today's meeting in shanghai only lasted a few hours then the americans said goodbye all they could basically agree upon was the next date in september in the us. if you pleasant smiles and exchange of niceties then u.s. trade representative robert light ties are in treasury secretary stephen minucci and got down to business with chinese vice premier heard. there was little expectation of an agreement being reached before hand than the likelihood of that probably wasn't helped by the coinciding harsh criticism of china's economic policies by president trump one of his complaints that china makes promises but fails to follow through and beijing wasted no time in responding to

a shot in the t.v. show me i think it's meaningless for the us to pursue these maximum pressure tactics when someone is ill it's useless to ask someone else to take the medicine only 5 believe the us should show more sincerity in good faith when it comes to trade negotiations. the 2 sides positions appear to be hardening the white house is already impose tariffs on half of chinese imports and has threatened to go further china has hit back with its own tariffs the result levies on 300 $60000000000.00 in 2 way trade hitting the economies of both parties. anyone who had hoped that the 2 sides who come together on wednesday was left disappointed when the doors reopened after 4 hours a quick photo opportunity was all that was left to do the american delegation departed for the airport with nothing more to say. business consultant andrew day

has been following the talks for us and the both sides are talking again we've got that and they're going to be talking again the month after next but really this whole dispute is deadlocked is it is deadlocked you know i think it with the benefit of hindsight we can see this was never going to be easy you know we almost you know the the 2 parties were sort of circular circling around a deal in may there was 150 page draft you know a lot of the american demands were met in this draft in the chinese walked away and now we're sort of back to square one and it just turns out when you have the 2 largest economies in the world one's a capitalist and one is a state run economy you're not going to have a large dramatic transformative deal cut in the span of 6 months does that mean we are facing a protected trade wars many analysts have been saying just today and yesterday i think so i think. you know the americans have said look you know china entered into the world trade organization in 2000 and you know with that membership it is

supposed to play by a certain set of rules it's proven that it hasn't in the whole world sort of you know europe and united states on the same page here we all know that china doesn't play by the same rules as the rest of the w.e.o. and now you know the united states has decided to play hardball in a new type of way you know before it was you know the obama strategy was to sort of encircled china through. with europe through free trade agreement with asia and sort of squeeze china and now trump is using a different strategy which is basically to you know just attack them directly and and that could mean that these tariffs that are in place will be that state how will that affect the global economy. you know it's going to it's going to be interesting i think until now a lot of companies have been asking that same question is is this temporary or is this a new normal really and a lot of them have been waiting to see should we restructure our supply chain. we

move production out of china should we resource certain jobs the united states european companies like puma for example which announced its earnings today said that you know it expects the it's starting to stockpile goods in anticipation for a protracted trade war so i think companies are now starting to realize this could really be a new normal what about american companies what's the talk among supporters of these tariffs i mean is there is support also politically also family as well there is interesting interestingly senate minority leader charles schumer who's a democrat and hardly a political ally of president trump is really in lockstep with with the trump administrating on this you know tariffs traditionally have been tools that the democrats have been very comfortable with and frankly the republican party has always been the party of free trade for the last generation and trump has really turned that on its ear so politically trump has quite a bit of support in terms of using tariffs as a means of leverage now interesting interesting that you bring up farmers though

because farmers are really the sort of the victims in this trade are the ones who are hurting they're the ones who are hurting and ironically they're also among trump's biggest political allies so what we could see happen is some sort of maybe interim deal or a mini deal to just get china buying agricultural products again in exchange for perhaps some loosening of these you know hallway export ban so there could be some sort of interim steps along the way but i really don't see a a broad loosening of tariffs any time soon andrew to thank you very much for coming in thank you. well all eyes are on the u.s. federal reserve today it's expected to lower interest rates by a quarter point to be the 1st rate cut since 2008 as been speculation about the probability of a conference week spurred on by federal reserve chairman jerome powers testimony before lawmakers in mid july in which he hinted that a cut could be on the white sheet the president or trump as being critical of

a paid or raising rates. is what he told reporters at the white house yesterday. far too early far. from lot of work. that's going to. go to your i would like. like me to. want. done was. really i think was a big thank you. so much for the independence of the fed let's get the market reaction from our correspondents in frankfurt and singapore avatar starting with you is a cut actually warranted the u.s. economy is going gangbusters. well exactly and that's why it's the most debated but have some was debated in the past few weeks.

because there are those who favor the following 2 words sluggish inflation in the u.s. despite good job numbers and also the need for an insurance policy what if it can only explode on globally worsens and that's where the needed insurance policy goes against it they argue that well it's not all that bad the u.s. economy is indeed going gangbusters growing at 2 point one percent consumer spending which constitutes 70 percent of the g.d.p. that's actually solid so clearly this argument continues even to the date exactly it's the global economy people are more worried about right now and how's asia preparing for this so ben in the days and even weeks leading up to this announcement by the fed's asian central banks have already begun taking their own actions in indonesia and thailand indonesia and the philippines they will

be easing some of those tightening the measures that the introduced last year in thailand and south korea and this say that they will expect one rate cut each through the through $320.00 days. from singapore the expected to keep things status quo and keep supporting that weakening economies the bank of japan has kept the city and even trimmed inflation and we will expect to see china and south in taiwan do the same as well keeping things status quo so all in all asia does seem like it's going to have these a less aggressive easing and more of a soft landing instead it just briefly i found it interesting to hear trump and his his bullying of power basically they're not sound but actually just he's also a bully druggie. exactly yes in fact he lashed out at mario d. as he referred to him in a tweet here for actually suggesting that he was open to more they've cut the

economy water and if the need is there so and he says that he's in a way devaluing europe which in no way is propping up the treat surplus worse is the u.s. the eurozone trade surplus i mean thanks for the analysis from ashutosh pandey in frankfurt and in singapore. now to some of the other business stories making news this hour hong kong's antigovernment protesters are hurting the economy growth six-pack had to have picked up slightly in the last quarter but the outlook is grim demonstrations are hitting tourism trade and hong kong's reputation as a financial hub. samsung has posted a drop in net profits of more than 50 percent for the 2nd quarter to almost 4 and a half $1000000000.00 a south korean tech giant forced the slump down to global factors such as that trade war and officials have charged the former c.e.o. of for its one subsidiary audi over the diesel scandal prosecutors say he became

aware of a mission's cheating on september 25th jane at the latest allowed sales of the const continue. desperate times call for desperate measures and a costly one in this case the parched city of chennai in india is so desperate for water that officials are holding it in by train. what should go a train carrying truly precious cargo 50 wagons full of water starting a daily 216 kilometer journey to the drive hit south indian city of chennai. the water comes from the metro dom on the covering river one of india's largest water reservoirs here ajar pad it is piped onto the train the cargo is expected to ensure a minimum supply to a city of 10000000 until the monsoon rains come. but no this is not a permanent solution but it's a timely way to help and that's all. this is not

a permanent solution. the emergency water supply will cost nearly $100000000.00 that's the price of drugs in an ever expanding population. and once in chennai the water is deep counted into tankers. pleaded with people get excited once they see our lorries and earlier we used to go home by eggs. now it takes till 12 am to go home and sleep there's no time to even eat the monument i'll have to leave it there nice doing business with you also you'll get very soon going to tell.

the folks.

millenniums do some things a bit differently another thing is clearly different makes the older generation on the labor markets cool cool their focus to come. didn't an optimistic. it was nothing less the chose to. check the pulse of generation one. made in germany. double. i'm scared that the volume or that's hard and in the end this i mean you're not allowed to stay here anymore we will send you back. are you familiar with this. with the smugglers with lions and. what's your story. ready

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touch toronto getting returns home. come. this is live from berlin germany tightens its laws on migration and asylum one aims to cut the time failed asylum seekers wait to eat for dead and to deport more of them now many fear that their time will soon be up and that they will be forced to leave. also coming up tensions rise again in hong kong as more than 40

anti-government protesters appear in court charged with rioting after demonstrations over the weekend after. i came to realize that.