i'm kristie i and i'm bridgeboro in washington here's a look at what we have on day wells fargo's stock continues to slump in the wake of its major accounts scandal with vines taking a big hit on the company's bottom line chart with nearly a publicist and gives us his take on what lies in store for the breaking the law and how the sector has performed in recent times then as one bank has left another has there j.p. morgan you know from you for profit we take a look at the stats in the final quarter of 2019 and what this means for the forecast of the u.s. economy going forward without a mess of the other messing up so many stories so little time so let's go and dive right in. the head of the anticipate assigning a phase one the u.s. treasury has decided to remove china's designation as a currency manipulator never mind the fact that china should have never even been labeled that in the 1st place according to the i.m.f. commodity traders and analysts are now doubting these insane amount that china is committing to buy from the u.s. under phase one of the trade deal china will pledge to buy over $50000000000.00

more in u.s. energy and increase ag purchases by 32000000000 over 2 years which is above the 24000000000 base line these totals will supposedly trim about 300000000000 annually from the trade gap between the 2 countries however commodity experts remain skeptical that china can even absorb these quantities without threatening trade ties with other suppliers global markets are lackluster today as they struggle to digest the news and analyze how this deal will affect them how will the china's commitment to by $200000000000.00 of trade impact other countries and their access to the world's biggest economy analysts also point out that depending on the wording and the implementation the agreement could also violate the principle of most favored nation treatment a treatment which prohibits governments from discriminating between their trading partners it could also potentially violate rules that prohibit quotas and other numeric restrictions on imports and exports so while the very legality of fate. one

is being questioned it's very fortuitous for us that the w t o just so happens to be crippled and has lost its ability to rule on new disk cases why is that a b.t.o. couple only because the us has been blocking appointments for 2 years paralyzing the appellate body render it frozen and unable to issue rulings smart move getting rid of the referee so that he can't blow the whistle at you for cheating now kristie i think there's an interesting question here with the w. cio being hamstrung because they don't have enough of an appellate body to actually make any rulings anymore what happens if that agreement of keeping up these purchases with ag products and whatever else it may be if china doesn't buy those from the u.s. and frankly if the u.s. doesn't sell them what happens and that continues to be a question that the analysts are remaining very skeptical of phase one how it will be enforced in the 1st place because as i previously mentioned it's not a matter of if china will be fall in this phase one it's when because these purchasing amounts are just just rationally completely expensing they topped the

over the baseline previously before the test or even implemented and i think i have one more question on this is you know when we look at the currency manipulator status what the 1st actually more important than the christian polluter status why make the agreement if you can hold it up the agreement is just good optically for both sides it's good for president trump because he is going to reelection and this way he can tout that oh we are decreasing the trade deficit we this is a complete win for the us look at all these new ad purchases that we've got china to commit to and for china it's a win for them because in this case they cannot focus on trade they got some tariff rollback so the industry isn't hurting as much and this gives them an opportunity now to focus more so on the domestic issues at hand and to that point we were talking about with a currency manipulator status why say their currency manipulator than the i.m.f. says no they're not and then the us backs off on it when they get their 1st part of the deal it was a trump card that the us kind of played as. try to use as

a leverage calling a country a currency manipulator was actually a very bad thing back in the days and 2 decades ago even but nowadays with the internet and with everybody of getting available to public information saying that the i.m.f. is calling them not a currency manipulator that kind of defeats the purpose of even playing that card in the 1st place so the fact the car was a non non gamer and so the us now playing back there making a big show of it say oh we're pulling it back in good faith when really it was a nonstarter to begin with where with phase one being signed on the 15th wednesday that's tomorrow we'll keep an eye on this for sure absolutely. for it is investing $82000000.00 to expand its plan to eastern vietnam in an attempt to boost capacity from $14000.00 units to $40000.00 units per year the company reported that it sold over 32000 cars in 201931 percent from a year earlier in contrast to its performance in mainland china where sales were

actually down 26 percent this additional investment will also help to reduce vietnam's reliance on imported vehicles and lower the country's trade deficit ford also plans to further expand its network of $22.00 dealerships and outlets and will continue to introduce enhanced sales and after sale services and programs ford is extremely bullish on vietnam's growth potential future market investing heavily on infrastructure and becoming one of the country's biggest foreign direct investment automakers. and amazon is planning to ask a judge to temporarily block microsoft from working on a high profile cloud contract with the united states department of defense the commerce and web services giant has taken issue with the government awarding the $10000000000.00 jet i contracted to microsoft so in the trumpet ministration had shown quote improper pressure end quote and bias against amazon u.s. defense secretary mark esper shut down the insinuation saying the decision to choose microsoft was done fair. early and with any without any outside influence

now according to the court filing on monday amazon will file a motion for the temporary restraining order on the 24th of january with a federal court issuing a decision on the matter by the 11th of february the jet i project is part of a plan to modernize the u.s. army sort services with greater technological capabilities it will eventually give the military more seamless access to data and the cloud from remote locations. time now for a quick break but hang here because when we return wells fargo stock continued to take a beating in the wake of a major account with fine taking it to the company's bottom line naylor public citizen gives his take a 100 b. in store for the embattled banking goliath how the banking sector in recent times. and that one bank has left another has surged j.p. morgan has come a profit we take a look at the success in the final quarter. and what this could mean for the forecasts of the u.s. economy going forward at the out i'm afraid into.

the money is in my view. about what it was it was a mean time that we're in a sense is a bomb was more about. when we were on the side of the. scene that are going to begin but i'm before. them but i'll. be on the move on then.

as the democrats gear up to officially start their 2020 presidential primary it is fitting to assess donald trump's performance in office a report card of sorts where is he kept his promises and where has he come up short will any of this really matter. just one magic bullet you could actually come up with some of the top of his baby talk about ways we get access capital in capitalism cavil's important so we could actually have programs that actually help folks who want to do that but when you give everybody a $1000.00 i'm a poor person i'm going to consume that and then you're rich you're going to invest that equity the wealth the spirit is going to grow because you're not using your money did that console you're literally buying more crazy things and then my landlord knowing that i got a $1000.00 you just go raise my rig so then you get your flesh and go all in their

. descriptions sound up to tasing even for the owners so how to choose just pet food industry is telling us what to feed our pets really more based on what they want to sell us and was necessarily good for the pet turns out may not be. people believe we have animals that have you know diabetes in our stride they have auto immune disorders allergies we are actually creating these problems it's a huge epidemic of tom's and i believe can be linked to very simple problem of diet and some dog owners so heartbreaking stories about their pets less treats the larger corporations are not very interested in proving or disproving the value of their food because they're already making it to $1000000000.00 on it and there's no . do that research. you know world of

big partisan. and conspiracy it's time to wake up to dig deeper to hit the stories that made history media refuses to tell more than ever we need to be smart we need to stop slamming the door on the shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now we're watching closely watching the hawks. i i. i. i. i.

i. 6 the names volkswagen welcome back by the way 6 the name volkswagen managers have been charged with fraud by german prosecutors who say they deliberately misled officials and consumers ahead of revelations of the diesel emissions scandal in 2015 you remember that volkswagen was found to have intentionally program some vehicles with diesel engines to only activate emissions controls during testing now the indictment says that exacted knowingly and willingly participated in the development refinement and improvement of manipulation software german prosecutors said 3 more executives aided and abetted the acts related to the scandal in a statement on tuesday prosecutors allege 9000000 vehicles were illegally cleared for the road due to the falsified testing now vehicles meant for the domestic market were also incorrectly exempted from a german road tax in $2900.00 charges of a similar nature. brought against volkswagen c.e.o.

martin winterkorn and 4 other employees investigations into 32 more defendants are ongoing. nissan and renault shares have tumbled to multi-year lows monday as investors grow concerned about the state of the 20 year old french japanese alliance rumors have surfaced over the weekend that nissan plans to separate and dissolve the alliance the relationship between the 2 companies has grown toxic according to the financial times and dramatically worse than following arrests and 20. he reported that pulmonary discussions for separation were underway and that a false well it would force both carmakers to seek new partners and. hello this is out international live from moscow it's not normal talking about the news because we've got some big news to tell you about breaking news the russian government we're just hearing has resigned after the duma putin suggested changes to the constitution earlier on you may remember. president medvedev was speaking

about it no reason to be alarmed let's cross he was going to say as the government of the russian federation we need to give the president of our country an opportunity to take all the necessary steps and decisions. and. in this context i believe it would be the right thing to do in accordance to the article $117.00 of the constitution of the russian federation to for the government to resign to step down i would certainly grateful i'm grateful to everyone who i have worked with within the government and to further steps further decisions will be taken by the president this is a matter of colleagues on my behalf and like to thank you for everything that you have done. which. and i also would like to express my satisfaction with the

results that we have achieved well yes we haven't done everything but it's impossible to do everything you want. i hope that very soon we'll see each other again i'll be meeting every one of you personally now please continue. carrying out your functions until the government is formed as for work with mr medvedev if we discuss this right now mr medvedev he was ahead of the state he was president for 18 years he has been prime minister. and that's the longest in the history of russia. we have an agreement there is the presidential block and there is the governmental blog of course the presidential team responsible for everything but we are mostly about security

national defense and everything while mr magid if he has always been close to these issues he worked hard to ensure our defense capabilities and i think it's suitable for him to work more on our defense. i believe this is possible and i will do it soon i will be introducing a position of the deputy had of the council of defense the security council as you know the head of the council is president. of course that requires certain are mad months to be made and that will be done in the immediate future i will ask the piece to do that again thank you everyone very much we'll see each other again thank you so much for your work. well a very brief statement there this of course comes after earlier on today president

putin was talking to the federation with the state of the union address if you like and the was looking ahead how things are going to be different in the future and he was talking about a change in presidential power of appointing official candidates for high positions including the prime minister and so there must be chosen by parliament in future and there was quite expect to be taken quite literally so quickly or be action so quickly but literally than a few hours it seems there's been some high level meetings and it's now been decided that this will probably be imposed a lot of questions still to be asked here at the moment of course things still functioning but the president the prime minister medvedev has resigned along with the rest of the parliament as well as gets more details on this maybe wasn't so quickly. was listening in to what president putin is saying iran today eliot hey there if you can hear me. i know right ok. was

there earlier on where they were putin's proposed this major legislation shift that would see russia's prime minister cabinet ministers no longer appointed by the president to recap by the state duma suggestion came as mentioned while president putin was delivering his annual state of the nation address to lawmakers as mentioned earlier trenchard's there with all the highlights earlier on we were headed back to you here where this country is supposed to head 2020 but i can tell you that the russian future it seems way beyond that point was being shaped out here and the manager exhibit hall just outside the kremlin as mr putin was speaking because we heard some really groundbreaking proposals including proposed changes to the washington maine law the russian constitution in fact one of the proposals suggested that the constitution should limit mr putin's own powers that have to do with appointing key government ministers and in fact the prime minister as well so here's proof of that. according to the constitution of the russian federation the

president needs only the state duma's consent to make official appointments the president appoints the cabinet his deputies and all of the ministers as i propose shifting this power to the state duma and also the approval of the russian government chairman's. and the chairman suggestion or the deputy prime ministers of the federal ministers will have to be appointed by the presidents without the right to reject any candidates. another proposal that came from the president was taken out the phrase in a row from the sentence from the constitution that one person could only serve to presidential terms in a row which if the amendments are approved would mean that the situation when for instance mr putin himself were turned to the presidential office after a 4 year break won't repeat itself in russia in the future the russian leader among other things proposed that's also something very important putting the russian main

law that's the constitution once again above international law in the sense that russia wouldn't be. a part of any international treaty if it contradicts the russian constitution so all of this is indeed groundbreaking and very important especially in the context of of lot of our putin's expected the departure after the end of his term from the presidential office in 2024 so it looks like russia and its system of governance is up for a massive revamp but mr putin today made it clear that none of this will happen without the approval of the nation so perhaps we should expect some kind of vote on that moving on to something else i can tell you that 2 years ago and last year the russian president sent out a very strong signal to the outside world because during the same address he was

talking about this country's most advanced next generation arms and weapons capabilities in particular he did mention the new hypersonic missiles that russia was developing well this time a lot of our putin only said that the bottom line. for him is that russia did fulfill all its plans in that regard but he did say that russia's international partners should in no way be worried about these developments because the only reason russia was doing it is to maintain global stability in response to some of the threats that are coming from the likes of the us and the decisions that had been made by the donald trump and ministration for instance the withdrawal of the intermediate range nuclear forces treaty so here's what exactly mr putin said on that even the 5 major nuclear powers are responsible for the preservation and development of mankind russia is open to strengthening cooperation with all

interested partners we do not threaten anyone and do not seek to impose our will for the 1st time in the history of the existence of nuclear missile weapons we are not pursuing anyone but on the country of the states have to create weapons that russia already possesses what do we were a member most after a speech what the speaker ended with and what the speaker began with and the russian leader did begin by talking a lot about the demographics in this country about the social issues about young families in the poorest layers of the russian society so this is how he sets the priorities for the government in moscow at this point mr putin did name specific some specific payments and subsidies that these groups that i mentioned should expect annually or monthly so this is perhaps the strongest domestic message that came out from the russian president during his speech. well off address he spoke to

see the russian parliament 2 figures to get impressions on the proposed constitutional changes now. well i think that putin saying sabella the optimal way of russian development. also after he leaves. in 2024 and what i think he. has come to is that russia needs some democrats ization of the presidential authority for the enough being the president he still says he's thinks about the bigger role for the postman and also bigger role for the government because. among his suggestion is that the chairman of the government will appoint key ministers not the president and the chairman of the government will be appointed my wife by the palmer. this is a very very important change if the constitutional assembly that will consider those proposals agrees to them then we will be moving to some form of i would say

presidential palm entering public with such a role of the parliament and the government that will be appointed not by the president. necessarily the parliament will become a focal point for the formation of the government but he put in propose also still to keep. important. to the president so i see this as a make sure. we we may call it in all as we want when they discuss about how we should be called what i would call it is a certain democratization of the presidential authority in russia so that the president is not omnipotent so he depends more on the legislative power and that of the the prime minister also in the cabinet also depends more on the palm and elected by the population so that's the the big development i think that has been announced by putting today it's practical for ns and the proposals will should be

formulated by the constitutional assembly that will consider possible changes and i think that will do. saw in the debates the evolution of the russian. political system called the coming to 3 years of civil war the initiative put forward by the president to amend the constitution is very timely it's long been discussed a number of colossal changes have happened which requires to clarify the constitution to make it more up to date it won't be a new constitution the president said we do not need another class to to share and these changes will not affect the pillars of the constitution at the same time the president made multiple points 1st the multi-party system that has been well established we have the federalist soundly in place electoral reforms have been passed after all this the president believes it is timely and possible to give parliament a number of functions which the president has it's not just a cosmetic change it is fundamental. so if you just joining us that was earlier on

the breaking news that we've had in the last few minutes to clear it must solve so apologies of it didn't make it terribly clear very quickly the news is this prime minister medvedev has announced his resignation to the russian government following putin's address talking about their earlier on the russian president earlier on addressed russian lawmakers and talking about the way things should move forward since the russian prime minister's announced his resignation and president putin has in turn said the government was continue to perform its duty is until a new. government is put together and form that is functional we've got much more detail to come on this over the coming hours of course it's a breaking story this is out international. play. live. live live.

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before. him by the. by now embody i'm not move on. past elite. on a space flight you literally leave all your problems behind you fly high and above everyone and everything and then you see any and all borderlines on earth disappear you see that up planet is not as we're taught in schools with different countries marked in different colors separate from one another you see that all planet earth is just another will be a big international space station on a mission in the vastness of space just like the i assess. seemed wrong. just don't all. get to shape out these days to come to advocate and engagement equals

a trail. when so many find themselves worlds apart. just on the common ground. must lead people biased out of the slime view or smear the focus on the best of you so he's the one. you see in the prison for the most good nobody. will use you must say. you know my. boy. not you know it all the same when you don't let us. know what.

this is out since not. the afternoon wasco time in the headlines is big but a break there was this just happened the russian government has resigned we hear a soft of earlier today suggested changes to the constitution to give parliament to write some problems for fun from others to president putin to soften the system functioning time to take a government until a new one is old. but in a. presidential address to. make the catalyst for this and i guess suggested shifting the power to appoint the prime minister. to the lower house of parliament . according to the constitution of the russian federation the president appoints

the cap.