between the 2 countries may be getting a bit of a reprieve in new york times reports of the trump administration is planning to issue licenses allowing american companies to supply non-sensitive goods to wall way according to sources u.s. president donald trump said he was willing to begin approving the white house and says this last week this will be specific and specific american companies to circumvent a ban the white house placed on wall way earlier this year. there is a lot on packers so to do so we are joined by our america correspondent alex milledge in toronto and serve as yoko here in the studio in washington d.c. sara let's start with you we're seeing a lot of conflicting reports on how the meetings went exactly what's the latest well let's just say we are definitely hearing some conflicting reports the south china post morning post reported that chinese ice from here was going to be leaving earlier than expected leaving this thursday the evening but the white house officials have confirmed that talks are scheduled through friday now stocks went up

and jumped up on president trying 20 did that big it's a big day of negotiations with china they want to make a deal but do i meet with vice premier tomorrow at the white house now it remains unclear whether or not this meeting law actually take place but stocks went up people are optimistic and hopeful that president trump meeting with vice premier li . is that a good sign of some sort of move forward and you know this has been lingering on for some time so i know your viewers might be getting antsy about this but this is actually a critical time in this process since next week another set of tariffs on another 250000000000 dollars of chinese goods are scheduled to take effect the chinese have said that they were making willing to make a deal on condition that no more to be imposed what's going on there what is a very critical time because next week they are scheduled the united states is scheduled to impose even more tariffs on $250000000000.00 worth of chinese goods but analysts and experts are saying that they won't be surprised if every. single

product export import from both countries are tariff so there will be some scheduled to be added next week whether or not they'll actually be added who knows because we've seen this before when president trump says that it's been a successful week or time of talks he later comes out and imposes more tariffs so it's really unpredictable but earlier today vice premier li did say that he's come with great sincerity and ready to make certain exchanges mike pence yesterday said that that he's really really ready to see where this goes but they here agrees completely with president trump's trade policies take a listen to what he said. the chinese senior leadership will be here meeting with our team at the white house were encouraged at the soybean purchases that have taken place in just the last few weeks but the american people i believe know that this is a president that's fighting. for agricultural fighting for manufacturing and we're going to continue to stand strong with china until the address the. the really

fundamental structural issues that have worked against the interest of the american people well known chinese have said that they've agreed on they have been purchasing more agricultural products right now i think it's more even craven more critical time because the seeking reelection and the farmers the urban cities this is where he got some huge votes of farmers have been disappointed over what's happened with this trade or china was their number one soybean agricultural so that we're talking about the 2 world's largest economies but there are people that are hopeful that there are you know because it's such a critical time they'll make some sort of a partial deal and it looks like the chinese in the u.s. may be getting there but again we've seen this before a successful talk and then here come or tariffs so it wouldn't be a surprise if president trump does issue those new tariffs next week ok so we're getting a maybe let's turn to alex behala bitch in toronto. canada which has been at the center of the dispute between the 2 nations china and the u.s. centering on wall way because the court. it's going on there but as this trade war

continues there might be some relief in sight for the company president trump has signaled that he's prepared to allow for sales of u.s. goods to go away under certain allowances what's the latest on that. will always basically will be able to do business with some american companies which some people would say is a big step forward considering that president trump put a ban on the company earlier this year now this is all to move towards what president trump was talking about last week about some licensing so actually giving licenses to companies that have applied for licenses so this is not necessarily new what's new here is that these licenses will now be handed out hopefully sooner than later and this process started back in june when president 1st mentioned this whole life and it's something that there were some companies could get exemptions to work around the ban and in august or up to august the end of august i should say $130.00 companies had applied for these licenses so obviously there's a lot of interests to do work with while way of course they're talking about

nonsense that have goods when the american government says that what it means is good that won't be are can somehow get into what they're accusing wall way of doing as well as other countries of using their equipment for spying and that they're tightly tied to the chinese government while way of course is time and time again said their tech company they have nothing to do with the chinese government and let's face it they're the number one telecom company in the world so for us companies it's probably very important 'd to be on board with the wall way and to push forward and make some money and alex you are there in canada where the case of the rested weiwei executive man one who continues to roil you canada china relations what's the latest on that. was you know daniel may go was arrested last december 1st here in canada she's still being held under house arrest here and now we just got through a round of hearings here in canada it was all about her lawyers. pushing for the

american for the canadian government to open the books they basically want to know what documentation was available to them because their claim claiming that her rights have been abused here in canada that they can any government went above what should be the legal limits it's of getting the information they wanted and to share that with the united states so this round of hearings as you can imagine the lawyers are still hard at work here but they really pertains to a lot of this comes to what's going to be happening in january which is the the extradition hearing the u.s. wants or expects provided and to face trial in the u.s. for dealing with iran as you know there's the u.s. has sanctions against iran and some of the information that has come out though through this in the latest round of hearings is very important and in particular its dealings the documents that the canadian mounted police had they were sent technical identification documents to the f.b.i. this is what the the crime attorneys are to say the defense attorneys are saying

which shows some type of collusion a word that we've used in the past and work shows the canadian american governments working closely for some canadians that you know may be going beyond the measures that the canadian government and the r.c.m.p. should have done this is something that the defense attorneys are arming themselves with are waiting that trial that whole period is going to start january eagle eye details from our g. correspond in toronto and sam on thursday ok here in washington thank you both so much for your in-depth reporting. and for more on today's market moving events we are joined by gave them to calvin macallan financial david welcome back to this show 1st of all i want to get anyone to be with you and i 1st of all i want to get your reaction to the markets from today's apis ode of the trump trade reality show and also catch up with a bit of news here from. deutsche bank earlier in the week put out an analysis and

said to the extent that the manufacturing slowdown continues which is likely unless there's a deescalation in trade tensions the electoral map putting the political spin here could be more difficult for president trump and republicans in 2020 according to deutsche bank ironically one of mr trump's house credit scores but what is going on here with the what is the market really think is going to happen here. well i love the way you put that a trade reality show because it is from day to day a bit of drama for all of us to look at it's been driving the markets for the last 12 to 18 months and it's up today down tomorrow depending on what's tweeted or how it's responded to i think one of the things we can't forget is that for the trumpet ministration this is a helpful propaganda tool in an election year this is a way of saying i'm fighting for you america i'm doing i get everything i can this i'm going to get the best deal possible and on the other hand we have to ask the question why would the chinese ink

a major deal prior to the election i still am not clear on what they would benefit from having done so so i think what we can expect for the remainder of 2019 and into 2020 if we don't come to any conclusions is continued volatility in the markets both stock market bond market and the commodities as well right and on the point of volatility turning from the relationship between these 2 worlds largest economies to another fundamental factor the price of oil those $2.00 factors of the trade fight and the oil price of oil seem to be interacting of course and generating more volatility in a feedback reaction what's the story in market oil markets today and are we in for more feel about this when these factors are more volatility. yes well as an asset management company we're interested in undervalued sectors and the oil and energy sector is certainly something that catches our attention this is a sector that was 20 percent of the s. and p. 500 not that many years ago today it's less than 5. percent so it looks to be an

area of undervaluation it's an area that's been slaughtered look at the price action in crude and you can see that so this is an area where as an asset management company specialized in hard assets there's there's something very attractive we do think that the dynamics in oil are likely to change next year particularly on the supply side whereas most of the attention from the market is on the demand side and potential demand destruction if if they're concerned or continue to be concerned with the slowing global economy and also on the oil staying on oil venezuela is partially recovering some market share in a major market that is india which had suspended oil imports from an us whale in march in deference to tighten u.s. sanctions aimed at regime change and south america now india is allowing reliance energy to import some venezuelan oil bots the transaction reportedly will be a trade of different fuels which the indians say is an express exception to the u.s. sanctions what should we know about this transaction. what you're looking at is

a restatement of a legal case and i think what you would find if you roll the clock back is that india did very little to reduce their exports of oil and trade with venezuela during this time frame what they're doing is restating why they are in a barter exchange taking crude in exchange for diesel but quite frankly i'm not sure the u.s. sanctions have been all that effective and again on oil the wall street journal is reporting that investment bankers working for saudi aramco will release their highly anticipated valuation for the company as early as friday and perhaps more importantly the journal says that the us demit will come in well below saudi crown prince mohammed bin solomons target of 2 trillion dollars valuation for the company new this comes on top of deferral of i.p.o. plans and reports of. allegations of extortion being used to generate investments in the i.p.o. how big a deal is this reported valuation. expensive. daniel the context is key here

because if you look at the backdrop to oil it's a very weak sector as i mentioned earlier that may represent value going forward but there's very little capital flowing into the energy space you have to leaven bankruptcy's here today 25000000000 in creditor claims that are in question compared to only 3000000000 in the 2018 timeframe so when the saudis want to bring aramco to the market it's in a context that's pretty well strained now as i mention on the supply side here in the united states this is one of the things that i think sets the tone 428-221-0202 extension 0 maybe a flop with the iran co announcement but you have borrowing base redetermination letters of credit that bankers are looking at with a more critical eye as they move into 2020 and they're reducing what they're allowing in terms of these letters of credit that puts a huge squeeze on the oil drillers here in the united states less drilling money with their huge decline rates the falloff in our production for $22020.00 i think

you're going to see a push higher in oil that will be supported by opec of course we've already had their general secretary say in december since december they could cut rates but i think what you're seeing is really a strained capital market and that's a tough time to be to be asking for anything from the saudi aramco deal so not looking too great for saudi aramco they're not going to pull a premium for or for the company in this environment interesting times we're going to have as our guide david and i doubt many of them calvin financial thanks so much for your insight. thank you dana great to be with you again. in international sanctions news the door adobe corp now says it will refund venezuelans for licenses on purchase products which adobe canceled earlier this week on monday adobe e-mailed all addresses on file for venezuelan customers informing the recipients that the company was canceling all licenses for adobe products in minutes while a citing purporting obligation. under an executive order signed by president donald

trump adobe initially claimed that they also were barred from giving refunds because the executive order and the software makers interpretation required quote the suspicion of all activity with the entities including no sales service support refunds credit etc now the company says refunds will be offered and received by customers before the end of the month the company also clarified that it now believes that its free product can legally be used in venezuela. because when we return just weeks after the collapse of story british. hopeful workers who were laid off. business association. aerial view on the buyout and much more. as we go to break.

the brain does know if you were in the way. when you going to win every time you. liberate you damage it in a way becomes a concession to the brain is incredibly sent delegates if you can damage some of the brain you can kill the patient does by damaging a one of 2 millimeters of brain. power why a paradise with some all around turned into a round the experimentation field for agricultural chemicals we know that these

chemicals have consequences they are major irritants there's no question otherwise why would that the chemical company workers themselves be geared up that suited up locals attempt to combat the on regulated experiments that often in day you have many of these people who have one foot into the biotech pharma and the other foot in the government regulatory bodies this kind of collusion is reprehensible while the battle goes on the chemicals continue to poison hawaii and its people so one has to ask the question whether there is a form of environmental research going on in hawaii whether these companies feel they can get away with this because the people have less political power. when the whole may just manufacture consent instant of public wealth. when the room in clusters and project themselves. in the financial merry

go round lifts only the one percent. of the time we can all middle of the room signals. going to the mean real news for the world. welcome back india's finance minister says her government is considering new regulations of the country's co-operative banking sector and is publicly calling on the ne and central bank to address customer rage and growing worries of systemic insecurity in the banking sector in the wake of the latest poster child for a by natural financial malfeasance the punjab in maharashtra co-operative bank or p m c india's central bank the r.b.i. took over p.m.c. last month quickly imposing withdraw limits to stem the bank's financial

hemorrhaging of $617000000.00 in relation to now suspect loans p.m.c. seems to have gotten into trouble with its loans to housing development and infrastructure limited or h. d. i l. and is now in dire straits after that major borrower declared bankruptcy former p.m.c. leadership and owners of h.d.i. all have already been arrested on related charges indian banking has been unstable at least since the collapse last year of infrastructure lending in financial services a lender focused on construction perhaps with some of those current risks in mind the r.b.i. on wednesday said it had denied lakshmi of u.s. bank a license requested in april to merge with india bulls housing finance limited. and a group of thousands in france known as accidental americans have filed suit against france with the european commission because certain rules could see them blacklisted by french banks early next year r

t charlotte dubinsky filed this report from pairs. well accidental americans are these french citizens who might have been born in the u.s. in hospitals or even spent a little bit of their childhood best some of them didn't even realize they had u.s. citizenship until they received letters from the i.r.s. demanding that they file their annual return some of them was 67 years old when these letters arrived on their doorsteps what they've done now is filed a suit with the european commission this is against france because they're concerned that banks here in france might end up closing their accounts or they might actually be blacklisted from financial institution causing so much worry at the moment france banks here in france are exempt from having to give personal details of the account holders to the i.r.s. and other institutions but that comes to an end at the end of 2019 after that banks

will have 2 choices either hand over those details which could see these accidental americans being taxed or close down their bank accounts and neither of which is something that these accidental americans are happy with so they say that they filed this case because handing over this data would be in breach of. data previously and they say that they've been to the french government asking for help the french government so far hasn't provided them with the help that they need so this now is their only alternate route. they also have been asked why not renounce that usa citizenship and many say they have tried but that's also an incredibly costly process some people spending tens of thousands of dollars to try and renounce that citizenship it seems for these french citizens the american dream is more like an america nightmare. for boom bust in paris.

and in other financial crime news the european union is removing a total of 7 countries from a defacto blacklist any so-called greylisting of nations doesn't needed at risk of being used as international tax havens but experts in advocates say the suspect countries have not done enough to warrant their delisting on thursday the e.u. announced that the united arab emirates would be removed from the e.u. as tax haven blacklist the e.u. also said that switzerland and 3 other countries would be removed from a lower tier of concern called a gray worst tax policy advocated oxfam will mentored via twitter that by relaxing rules on switzerland imrie shows the e.u. has quote whitewashed 2 of the world's most harmful tax havens and joining us now is to catch up on the u.k.'s air travel sector and give us her take on the events of the day is hillary for bridge board member of the british medical association welcome back to that you know hilary quickly on this relaxation of e.u.

money laundering blacklists engravers that we mentioned just now mr. sims are we judging you actions by an odd metric when he says flatly that the best list is a short list which i can imagine his argument for a short list to focus on but it sounds a bit of an off no was this relaxation warranted in your view well i think it was because a lot of regulations were rushed through and actually the only way to positive way to look at it is something is better than nothing and certainly switzerland the united. arab emirates and also have executed and number of reforms they rushed them through they're not as in-depth as were purported to be a bridge early but something's better than nothing that's what i would say i think what it's done i think what they're doing is they're issuing sort of a carrot by letting them have this they're trying to encourage as other countries that have not yet instituted reforms in the hope that they'll want to take the bait and on the the story of the long time u.k. bass player in trouble thomas cook they're getting back in the game today there's

trouble the airline is reopening at least some of its sales new locations or new own. their ship and management what's new and what's the same about this what's new and what's different about this post crisis thomas cook well so you actually is this new couple that's actually bought thomas cook said john and irene hayes they built this business from the ground up and i thought the summit was rather touchy there they were saying that the employees they bought back which is 597 those employees many of them have been in tears and as irene hayes is quoted as saying they've been coddling us i mean they've taken these people who actually turning to food stamps because they've been laid off they're taking them they're employing them what's new daniel is that they very much look at this the web as their friend they're kind of a they're actually an elderly couple they're in their seventy's but they're very hip they have managed to start their business with very good managers that get this world today and so these package holidays that really offer like a sort of a social economic a lower socio economic band in the u.k. those package policies are going to remain because they'll be taken over by the hays company and they'll be taken over and then i think they're going to employ

another 2500 employees so they're basically get on very high most of them were told the company is on a path to profitable to take it in never has a very good managers and excellent and on the other big airline story today in happier news i agee the parent company of british airways has become has made british airways the 1st global airline to make a commitment to net 0 greenhouse gas emissions by 20 by 2050 b m's to fully offset domestic operations starting next year what do we need to know about this landmark commitment well 1st i think it's wonderful the 3 things they've actually done the 1st is that they're going to be making they've made a commitment to use sustainable. airline fuel and actually by 2024 it's purported they're going to use british household rubbish to be burned to be new now allying fuel jet fuel so that's number one number 2 they are actually buying a lot of new lines i have to fly airplanes they're replacing the old ones and

they're going to by about 124. $142.00 of these and it's going to about $24000000000.00 they're going to spend something like that something between $20.20 on these new planes and that will give them 25 percent greater fuel efficiency which is excellent step the food wonderful step actually is they're going to be partnering with an american company mosaic materials and they actually have developed annually fascinating the sort of material that absorbs c o 2 from the atmosphere and i think that's a wonderful move you know you have all these celebrities jetting around the world these these hypocrites and i won't name them i think you know who they are these hypocrites fly around the world in their private jets purportedly to protest global warming and really they're doing something this is a really good move and this absorbent material materials as the company is helping to remove it and i think that this is a very good movie more those 3 aspects are for the environment a little bit bit of good news in the skies and in the environment yes the british merican business association always good to have you. and that's it for this time

you can catch boom bust as always on you tube dot com. so you know. in this community there are people who believe that it's ok. it's really hard there are no jobs and you see the kids. and as a parent. i can come up with arguments there's a lot of conflict in the game between the cost of the conflict i would say. this war you know the children. each other is good because the state of california

makes 6000000000 dollars a year of prison complex you get some when you live where. you don't care and cares about your so your care money. so she wanted to. search. the digits of. the. little one with you should.

call. it. please. show something seemed wrong. just don't hold. me to get to shape out just to get the ticket and indeed from an equal betrayal. when so many find themselves worlds apart. just to look for common ground.

yes look. at this confessional moment laugh and ask for the last 70 and seeing and i'm going to this day for the match. commission. branches just shoot on disk in the. legion mom. i know you care so said i'm not going to much to me mama it's just that are.

hundreds of people in the central russian city of surat self to bounce that a murder suspect be put to death after the body of a strangled 9 year old girl is the scope. of such as he sits. in ecuador and it intensifies as 5 people are confirmed killed after more than a week of unrest over government's austerity measures. and the ukrainian m.p. publishes documents he says reveal corruption involving kids and us democratic presidential candidate joe biden.