according to reuters the commerce ministry of china said the 2 sides conducted serious and constructive discussions on properly addressing their core concerns while the u.s. trade representative said the 2 sides made progress in a variety of areas and are in the process of resolving outstanding issue this comes as president donald trump was expected to meet with his chinese counterpart xi jinping on the sidelines of the asia pacific economic cooperation summit in santiago chile to sign a phase one trade deal touted last month though that summit was canceled trump said both sides are still looking for a new location somewhere in the united states. rob this 1st i want to get it. going to be pretty but. we get the feel that if we get the deal that will become very little. people familiar with the matter say president xi jinping is open to a u.s. trip to sign the 1st phase of a trade deal however no final decision has yet been made. at the last minute india

has pulled out of the regional comprehensive partnership which could be the world's largest trade pact citing concerns that the deal could hurt the country's farmers businesses workers and consumers without india the agreement made in bangkok will include the 10 members of the association of southeast asian nations as well as china japan and south korea and new zealand indian prime minister narendra modi said of this decision when i measure the r.c.p. agreement with the respect of the interests of all indians i do not get a positive answer the green members expect the deal to be signed sometime next year and chinese vice foreign minister leo chang spoke about the agreement and the possibility of india joining at a later date. whenever india is ready they are well get on board as for the significance it was a large. understand how much the large population definitely will play a role in the economic recession that. you know in all the time it is did you know

when she its impact would be measured in total i believe are some great things about 2. or more of the intricacies of these massive trade deals we're joined by senior a pack international relations policy specialist with the institute for china american studies so rob it is a pleasure to have you here again now what are the concerns that we're seeing that forced india to back out of this trade pact india's concerns are still across the board it ranges from management of data flows to good straight to agriculture cultural imports but fundamentally it's about india having a weak manufacturing sector and being scared that there will be a flood of manufacturing imports which will displace a lot of people in india the past history of india's free trade agreements or prefer until trade agreements have the agreement that the trade deficit has increased and they're expecting that will happen this time around and they just

consummate on that politically now there's also been quite a bit of a contentious relationship between china and india when it comes to this trade pact can you unpack some of that for us and why this is india has suffered a large trade deficit with china for a long time about going about 15 years now and the difference just gets just keeps increasing particularly in goods you know india is one of the lead rare ition country which is not in the regional value chains it's not in the regional value chains because it's factor markets land labor capital are just all over the place and that leads to low productivity in its manufacturing sector and so it cannot compete with chinese imports and this creates a larger trade deficit so india needs to get its act in order on those factors factor of market reforms before it can really in good substantially but with india's exit from this agreement how much will that really affect this overall deal well up to a point. you know the indian economy is

a big economy it's pretty i mean it's 2.5 trillion it's just going to get larger it's growing at a fast rate and there are certain countries on the regional players want to india in but at the same time i mean there's only so far you can go in terms of diluting the tax because i mean if it becomes too plain vanilla agreement is not worthwhile itself so yes india's departure hurts it up to a point but at the same time maybe the standards in the actual agreement they have signed that they will sign will be will be better on this is expected to be one of the biggest trade deals so far but staying on deals and trade wars now china and the u.s. are still untangled in this trade war this tit for tat trade war they're saying that they're close to a deal but china has been pushing for quite some time now for the u.s. to cancel these planned tariffs the ones that are set to take place in december and they're a move all of some of the existing terrorists is there any of this something that will play out in this phase one deal oh i think it will absolutely out of the 3 is one do you mean the question does not arise out of fears one happens the follow on

terror which would do to come in on december 15th i mean even if they don't get canceled they need to be suspended at minimum the continuation of the suspension and with regard to actual removal of past tariffs that will depend on how the preaching of r.c. to the actual agreement is you know the chinese are absurd you know for sure we'll give you 2020 1000000000 in our products but if you want that again the next year around you need to start removing some of those tariffs removing not just the spending and we'll have to see at what point the u.s. has come down on that and so is ok maybe i'll remove a little but fundamentally it will be there will be a degree of window dressing it will be the removal of some tariffs not the full full body of care and then when we look at the tariff discussion as well. kind of the nature of that this trade war has gone on are we going to see china drop back some of their retaliatory efforts towards united. amidst this trade war as well yes

there will because china starve some mostly been in retaliation to us if that being the case the us will china will also remove remove those tariffs and it doesn't have that much space to impose tariffs because it doesn't have that much of exports as the i mean it doesn't have that much of imports from the u.s. as much as it exports to the u.s. but fundamentally china's grievances are more in the area of national security and on the export controls which had been imposed and that was for a different round of discussions frankly i do want to ask you this well the u.s. do you see the u.s. actually signing this deal i mean we saw these these talks back in may well that they broke off in may when they were saying both sides are saying they were successful at top negotiate search and they completely broke off in may are we seeing a repeat of what happened before or do you think there's really any chance that this phase one deal will be signed at the end of this month like they're saying i think the 1st monday in will be signed it's not going to be of what happened in may

and the reason for that is simple most of the contents of this deal were agreed upon as were already negotiated and hashed out in spring of this year the deal in mere collapse because the larger comprehensive agreement that enforceability provisions were not yet the china was balking at the enforceable provisions but in terms of the contents of this deal which were agreed upon long back china has already implemented the foreign investment law it has already implemented in the standards it's already implemented regulations on this front so many of those enforcement related provisions which the u.s. wanted in chinese law have already been done by the chinese and so those are no reason why it will not happen and besides trump wants it to happen and. you know we talk about the impact that we have we talk about the u.s. china trade war but there's also china is working out a deal with the information on that one or that's an important one it's going to be just as for. under mentally reshaping of the environment as it is with the u.s.

because it's an investment area china is being asked to make important commitments in that area and to really scare up its game but china has as i said passed that foreign investment law it has made many of its provisions now are going to be consistent with what the uro's wanted there still difficult questions on in the area of industrial subsidies which is an area which also the u.s. and china had discussed but broke down in the course of in force ability so we have to be interesting to see how china approaches those industrial subsidy discipline issues with the euros which it could not finalize with the u.s. and if we have it with the euros that's just great i think frankly for the global trading system interesting good to see in your back international policy specialist with the institute for china american studies thank you so much for joining us again because again soon. commerce secretary will ross announced the licensing that allows us companies to sell equipment to wall way will be forthcoming very shortly

ross told bloomberg the government received 260 license requests this is up from the 130 applications reported in august remember too with entity list there's a presumption of denial so the safe thing for these companies would be to assume denial even though we will obviously approve quite a few of them the commerce department blacklisted while way back in may citing national security concerns but wally has repeatedly denied those allegations the band walk walk away from buying software from companies like google and micron a move while we said is hurting its mobile phones but the ban has also hurt american companies doing business with china u.s. companies were allowed to continue selling equipment to wall way this was under a temporary general license due to expire this month and in october the trumpet ministrations said it was ready to greenlight the licenses for u.s. companies to sell non-sensitive goods to while away it remains unclear what companies have submitted applications and when those licenses will be approved

since none have been granted so far no actually this is fascinating because we've seen these recruits back and forth with walk away you were actually recently at their headquarters in change in china and you spoke with a lot of executives were they concerned about a lot of this blacklisting and the blocking of their use of u.s. made goods i talked to a lot of their employees as well as a top executive and they were saying that they had they were planning for this they were they knew things would get worse before they got better but they're still at their mobile phones are still there sales are still up by about i think 2425 percent which which is still pretty good they're still climbing and sales are the number 2 largest mobile cell phone company provider this is after samsung still beating apple but that is before the google was discredited or excluded from their cell phones and i can't imagine. cellphone without google but they're kind of just doing what they can with these bans but they said they're going to try and compete and continue to compete and hopefully someday be able to compete in an open u.s.

market which is why they're saying this is such an unfair practice because the u.s. wants china and wall way to open its doors to to other companies and they want they want to do the same here in the united states and i think the google thing is very important because they will surely want to get back on that train to have their android software and their apps back right in the situation time now for a quick break but hang here because when we return iran co is making market shaking moves as the ball has begun rolling on its much hyped i.p.o. hopes todd horwitz above the trading joins the show just after the break to delve into the details and give us a look at what else is moving markets and as we go to break here are the numbers at the close.

of. the people who are printing the money don't rely on taxes to get wealthy they're not part of the real economy that's a does the same thing as saying the rulers of saudi arabia rely on the wages of the people living in saudi arabia to get rich they they don't they just print more or pump more oil in the america the princes that run our economy just print more money they don't need the workers they don't need their taxes that's why they don't have wage growth like there's been that this aeration has their own need. live.

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lists live. lift. and a very warm welcome to you you're watching us inside. today there are good terrorists and bad dead it's the bad terrorists and those in the end then who the united states deems to be a threat the good that it is those who work in syria the cia and the u.s. military were engaged in covert actions really throughout the world. where they were assassinating populist leaders they were backing up right away military funding in armies and that's why there's no. because there's always a small. indonesia's

lion air is i'm going to public offering in the 1st quarter of 2020 with hopes of raising $1000000000.00 according to a report from reuters citing sources familiar with the situation the airline had been waiting on an official report regarding the deadly october 2018 crash of lion air flight 610 prior to moving forward with their public listing the resulting report released last month focused on issues in the boeing 737 max cockpit software and called for better training within the airline the reports report also called for better regulation from the united states and within the region lyon air hopes to use the funding for future aircraft deliveries intended to provide better air travel in a growing market. after 2 fatal crashes involving boeing 737 max

plane several airlines are planning a publicist a campaign to show the public the planes are now safe the jets could return to the skies as soon as january if regulators approve legal journalist molly baron. with america's lawyer is here now with more molly thank you so much for being with us today and let's let's dive right into this is the 737 max now safe to fly. well sir. only boeing wants you to think so and we have yet to get the green light from the regulators but boeing says it has fixed that software problem that investigators say did play a role in those 2 fatal plane crash that killed a total of $346.00 people evidence including the black box data points to a malfunction in that automated system that helps a plane avoid stalls that system was new to $737.00 max regulators say most pilots weren't even aware of it until that 1st crash in indonesia last october multiple investigations reached similar conclusions that boeing introduce a new automated system without properly teaching airline crews how to override that

software when there's a problem like what you saw with those 2 plato crashes now according to the wall street journal several airlines including american united southwest they all still use the 737 max of course that's been grounded they've been grounded sense march when the 2nd crash happened and they're now taking steps to prove to the public that these jets are indeed say safe rather those steps include airlines promising to do their own safety checks even when regulators do them even when the u.s. government and boeing clears the planes to fly they say they're going to do backup inspections if you will the report also says the airlines are planning flight demonstrations no passengers on board but they are going to have senior officials on board so they hope that's going to raise the public's confidence in the safety of these jets as well so there's no word yet on exactly when regulators could give the planes the green light to fly again but reports say it could happen in january or february but the f.a.a. has consistently said there are no timeline they just want to make sure that it's all done properly blowing for its part on its website has a lot of information about what's going on with the 737 max they said the software

is going undergoing rather an unprecedented level of oversight testing expert analysis from everybody and their brother pretty much as well as ensuring pilots and crews have all the information they need to fly those planes safely because as you said earlier that was more training was what the regulators investigators said was needed as well more to be able to handle any glitches that may come up sarah well it's certainly important that they actually take care of. which as they could possibly can to prevent any other situations but what kind of financial toll has grown in the 737 max flea taken on bowie. high rate was taking a huge hit the company said it would take at least $7300000000.00 hit because of it and it's reported 3 straight quarterly losses since the 2nd crash in march in ethiopia while profits drop costs related these crashes are going right on up some airlines have canceled their orders for the max while other airlines are demanding

compensation for being unable to fly the ones that they've got in their fleet because of the grounding so it according to other news reports boeing has received orders for only 16 aircraft in the past month and they're also planning to give 100000000 to the victims' families and their communities billions actives of course grilled about this they've talked to victims' families said that it's been a humbling experience and that they're learned a lot they're going to make safety the primary focus at this time so we'll see if their public relations campaign their publicity campaign will convince the public to board these planes again once the all clear is given well safety is definitely important and it's going to be hard for people to start to continue to trust boeing but we do know it's cost the company a lot of money molly barrows contributor to america's lawyer thanks so much for your time and expertise. thanks sarah thanks for. the world's most valuable company saudi aramco announced plans for its much

anticipated i.p.o. on sunday the oil tycoon which is owned by the saudi government so the 1st offering will appear on saudi arabia's tara wall exchange the company has yet to specify how many shares they will sell and at which price analysis expect that analysts expect the company to sell between one and 3 percent of the enterprise aramco c.e.o. and president i mean nasser spoke about the importance of the listing on sunday. for us as so. i think we ought to go for the listing with wiki. what physically internationally if it is thrown at a company by shipping a lot of info to be sure that a quiet and he listed company that will be a lot of analysts that would be if you are one of the 10 conveyed it with other listed companies iran co which has controversially valued itself at $2000000000.00 supplies roughly 10 percent of the world's crude oil and the company made $111000000000.00 in 2018 joining us to just discuss this on again off again i.p.o.

and a bevy of other market related news is todd bubba horowitz chief strategist at bubba trading bubba it is a pleasure to have you great to be here what's up all right above a there avco i.p.o. as we said has been on again off again at the center of this is the giant 2 trillion dollar evaluation is this going to have to come down before the public offering and is this going to be a successful listing for the company at all you know it's really hard to say brian because you look at the overall package ever and they get really true data from them you know it's not like that they fall into the same laws as you fought here in the united states so i didn't actually get real live reporting i mean certainly they've got a great product they've got a profitable product and as long as there is going to be oil used it will be successful but again the real question is can we get legitimate data from them and will be actually what we can use and i think what they're really doing now is looking for where they can really price it so they're kind of going through their own price discovery to debate how much they're going to give up of it all right now

but i do want to ask a quick question a follow up on that are you saying because they're a state run oil enterprise that we're not 100 percent sure what their numbers look like. you know we have the r.c.c. that you have to you are required in their wars watching people's work so again we can watch their books just like we get towards china so you don't tell me that you don't know if those numbers are real or not real so it's always hard to tell if there is true profit or not it is that are they reporting enough profit to pay out what they're supposed to be paying but we're looking here at the numbers in the us the dow during the s. and p. $500.00 and nasdaq composite hitting record levels on monday now so far this year the dow has witnessed an 18 percent increase year to date the s. and p. is up 22 percent and the last arc has seen increases of 27 percent just this year now on this day to day we generally see positivity in trade talks as a reason for these gains but what's your analysis of these big jumps in the market

during this year of 2019. this is scary isn't it that they just keep going up and there's no bottom to these markets look at the end of the day there really is nowhere else to go so if you're looking for yield you have to go in the united states stock market you can't go to any bond market unless you want one half percent you can't go to the bank you can't go rolled wide so it's basically the entire investing world is is pigeonholed into united states equities so what's going to happen is again they continue to push them up because people want yield they're chasing it and don't be surprised if the russell and the transports don't join the party now again this is never a good situation where there's not so much overall complacency that the markets will never go down again which is what people are starting to believe again because they believe this time is different at some point we're going to have a major meltdown once again as we've had made them before but for today new wife if expect new highs to continue watching these dull markets because that's what they are they continue to grind higher as a crawl climbs are all warry and people continue to say well it can't go any higher

i'm just saying cash and of course it will continue to go higher until enough investors get in and then you start to see some selling all right now but what we're actually talking about markets going down here let's talk about a big stock that is kind of failing right now mcdonald's fired c.e.o. steve eastbrook for having a relationship with an employee and he will be replaced by chris kemp vince key who runs the company's u.s. business right now following the news mcdonald's lost nearly $4000000000.00 in value early monday morning and with stock prices dropping by 3 percent now it would seem that mcdonald's this giant worldwide brand would not be vulnerable to this type of scandalous headline what happened here. well look at him easterbrook personal says he came into power the stock is going to 100 percent so versatile you look at how in the innovative he was now great he was for the company so this creates a little bit of fear were often thought no i'm sure that mcdonald's will regain

what they have lost and you know i don't think it's a great buy yet but probably a little bit lower. but again people get used to the same c.e.o. very much as what have with the apple one steve jobs 1st of donovan of course repassed away but of course. all time record highs that could get it together i think the same thing you can see from mcdonald's there is no word of the company but the initial shock causes many people to panic and sell out because he was so good for the company and they want to make sure the big sound is still going in the right direction which i believe they will todd horowitz of baba trading thank you so much for your time and insight thank you and i get. results from a recent experiment so just adopting a 4 day work week could increase employee productivity microsoft introduced the work life choice challenge in japan which closed its offices every friday during the month of august giving employees that extra day off the results were favorable microsoft released a statement that even though the amount of time spent at work was cut drastically productivity measured by sales per employee went up almost 40 percent compared to

the same period the previous year but not just did they reduce working hours the meetings were restricted to a maximum of 30 minutes and online discussions were encouraged instead of face to face meetings and it's important to note that japan has some of the longest working hours in the world the challenge became popular among 92 percent of microsoft's 2200 employees other favorable results electricity consumption is was reduced by 23 percent and paper printing by 59 percent this was compared to last august microsoft said it plans to conduct another experiment in japan later this year and its efforts to improve work life balance and efficiency what do you say 4 day work week 4 day work week is great especially when you look at it in the tech and manufacturing sectors they can really make a big impact on their employees lives and on the business so it works very very well i think it always just depends on the sector that you're in but absolutely that's where this time you can catch boom bust on direct t.v.

channel 3. 21 dish network channel 84 streaming 247 on pluto t.v. the free t.v. at channel 279. or as always it is up at youtube dot com slash boom bust r.t. see you next time. i'm going to fulfill the repeated promises apologise to the people and promise that you know we've all but the. most beautifully written please pretty. please.

do you want to 1st correct that. no. longer. call. you mentioned again and this is 35 and you have a lot of clear and clear involves using your eyes slowly in your computer and things like that in an office. perhaps you sort of getting to meet sister kids or t.v. you could have to stop doing all this and this is tell you the minutes must be frightening

my world became smaller and smaller and smaller until i ended up. i mean it and a box. of very strong magnetic field on my head. think of it like a real hard pressure my skin burns and that wireless access point that you're just continues on to with our students in the schools. we are just continually bathing our citizens in this microwave radiation it is certainly electro small and it's getting worse

2. a u.s. military convoy comes under fire in syria from turkish militants we look at other grouping including functions once fiercely promoted by america has now turned on washington. also ahead in the program this hour mcdonald's followers of all of its most successful c.e.o.'s ever after he admitted stopping a consensual relationship with a colleague or gas the bait the subject of so many inappropriate a 1st in the workplace. you know being a c.e.o. i don't know how much time this guy had on his hands to meet people but do you know the world we live in this is an arab.