health impacts or noise effects.or example, there are two mitigation measures that address construction noise. these are the state-of-the-art construction noise mitigation measures. they include things such as mufflers on equipment, barrier fences, shrouds, and really all of the measures in which we are able to reduce construction noise impacts, and with respect to health risk in particular, and there was a number of speakers who commented about dust impacts. there is a required dust control plan and reviewed and approved by the department of health to specifically address health effects of construction dust on adjacent receptors including the school children. with that, the department will conclude our presentation. >> supervisor: excuse me. >> same thing about -- >> supervisor: excuse me. no outbursts in the chamber, please. next speaker. supervisor ronen. >> supervisor: starting with the school since you just ended that, given that, as you heard from many of the public commenters, the children at said rodriguez ar

about the construction related impacts, i want to briefly summarize some of the principal impacts. they were all mentioned but not really in order. you can get a sense for, yes, this project is very long and very detailed. and the technical background studies done adequately addressed all potential impacts on the surrounding school. there was a project specific sight mitigation plan that was approved by the department of public health, and that includes wind screen and monitoring in the ability for the department of public health to ask for enhanced measures. there's a project specific noise continuation plan that needs to be prepared by a qualified acoustical consulted and reviewed by the department of building an inspection before construction can begin. there's a mitigation measure that we discussed. the project also complies with san francisco post as a noise ordinance, which this board has passed that incorporates a number of construction mitigation measures. it needs to comply with san francisco's dust control ordinance and comply with the host of regulations related to green

all commodities are being impacted. in minnesota we are hearing the most from our members that are growing soybeans. page 3 of my written testimony clearly shows what trade uncertainty has done to our prices. low prices are causing negative impacts on our farm income. bottom line, lost sales lead to lower prices. many decisions and farming are not made week to week. we have to make decisions a long time before our crops are planted, much less harvested. we understand there are things out of our control like the weather. we can manage some of that risk through crop insurance and other risk management tools. we didn't know the level of trade tensions we would be experiencing. and the serious price impacts they have on our crops as we move to harvest. impacts of terrorist -- terrace -- on tariffs is keeping us up at night. there are economic challenges in agricultural and also in rural communities. agricultural exports are important economic drivers. if you lose the market, it is hard to get it back. we cannot afford to lo

no. 1, the impact in the arctic that is impacting the u.s., for example, 95% of wild salmon comes from alaska and many people like to eat salmon. so that's an impact that people are experiencing today now, but also alaska is experiencing climate change today in a way that a lot of the country will eventually -- some parts of the country and other parts of the world will experience even more over the coming decade. so it's sort of a canary in the coal mine. >> in what way? >> because of the impacts there are already happening. the warming is happening twice as fast there. it's almost a preview of sorts, what scientists say is likely to happen around other parts of the world. of course, alaska is not the only part of the u.s. that's experiencing climate change. i think florida is another prime example of where climate change, particularly sea level rise, is already happening. >> take a look at this interactive map on the nasa website, nasa.gov. as you scroll across, what happens with the level of sea rising? in that red area is where the sea comes up and it looks on that map miami and ne

the last impact of which remains to be seen. the lasting impact of which remains to be seen. we have seen familiar moments in history. there is no excuse for these actions. so today, i am happy to join supervisor fewer as a co-sponsor on a resolution opposing the current practice of separating children from their family. i would like to request we close today's meeting in the memory and recognition of the millions of black people held in captivity as slaves, whose names we will never know, whose stories we will never know, and of course for the children and the family currently entangled in this horrific saga of misguided state sanctioned immoral violence. the rest i submit. >> clerk: thank you, supervisor cohen. [ applause ] madam president, seeing no other names on the roster, that concludes the introduction of new business. >> president breed: thank you for your comments. and with that, we have a 3:00 p.m. special order. and madam clerk. >> clerk: items 35-38, madam president. these items were continued from february 13th 2018. >> president breed: yes. let's call our first

is a negative impact on one company in particular.ley davidson. the secretary was asked about that situation in particular and the president asked harley davidson after the company made the announcement that it would be shifting production outside the u.s., the president asked for the company not to do that he didn't know what the end result of that conversation was. but interesting that that happened finally, i also want to let you know he was asked about retaliation, specifically from europe he said that they are very focused on blunting the impact of retaliation and said that there's a meeting at the end of july between the eu and the u.s. here in washington where that will be the topic of the day guys >> all right thank you, kayla >> now let's get back to the impact on markets. mike san toll i is with us mike, the dow is mostly higher only two be components >> a lot of the trade talk for the gegeopolitical frick shons, there has to be -- you have to see emerging markets melting down and some kind of rupture in the capital markets

found that wind impacts would be less significant. with the projects, wind impacts would be significant. while design measures could reduce wind impacts, it was determined to be significant and unavoidable. a hearing to receive historic preservation commission comments was june 20, 2018. i provided you with a copy of the h.p.c.'s letter. they concluded that it would be a is aisignaturis ainsignifican recommended adoption of the project due to overriding considerations. they also agreed to expand the scope of the document asianat n asianationatiasianation -- documentation to include the block. for members of the public who wish to speak, please state your name for the record. please speak slowly and clearly so the court reporter can make an accurate transcript of today's

impact on hiring?is interesting is u.s. manufacturers hired 36,000 new workers in june, the most since december. the fact of the matter is i think it shows full ability of the u.s. economy because so many tariffs will go on manufactured goods, appliances, vehicles, computers. that shows polar ability for the federal reserve and economy. 21,000 workers in june. you can blame the internet but you have to ask yourself will the tariffs hit retailers, walmart, most of what they sell comes from china, will that impact their business is and the economy? ramy: you will stay here for more. let's bring in all sheared, a former -- paul sheerd. keeping very busy. i want to get your initial reaction to the breaking news we have heard. david davis resigning as brexit secretary. the british pound is pairing some of its gains. earlier it was up to 1.3325, now it is 1.329. so clearly investors are not happy. paul: when in to see the details of what was the stated reason for the resignation. i am guessing coming out of

in q2 partially because of when it went into effect and there's one month of impact in revenue. think there will be some modest impact and they do say that the vast majority of their users are still opting in to allow facebook to use data and their information to target them so saying that they do expect there to be some impact from how advertisers use their own data for targeting, but they're trying to walk through there and the full impact of gdp of which we'll see more of in this next quarter. back over to you >> julia boorstin. shares are down by more than 23%. we've been talking about the unprecedented down with the shares to put it in perspective and this is from pension partners' charlie borello, it is equivalent to the market caps of ibm, mcdonald's and nike combined that's how big this drop is. >> look. it's massive and again, this is an overweight stock and a very popular trade as dan has been pointing out twitter, by the way, reports on friday and they've been trading alike in these kinds of situations and people compute the same problems that they have with security

terrorists are severely impacting our three largest areets, canada -- tariffs severely impacting our three mexico,markets, canada, and tied up. president trump talks about our need to export things we make. americarural perspective, you also need to export the things we grow. we recognize over 95% of the worlds population does not live in the united states. we must work together to protect, modify, and modernize our current trade agreements. we must work to expand our market opportunities through new trade agreements. we needed to resolve the trade concerns before resorting to terrorists. we limit trade disruptions and resolve trade disputes and negotiations, not fromfs, and not withdraw other trade agreement discussions. we must be at the table. once you lose the market, it is tough to get it back. opportunity toe appear before the subcommittee, and i look forward to answering your questions. mr. chairman: you are recognized. >> thank you, mr. chairman. i am a farmertt, from south dakota. we are a family owned operation. father is there, and my son is learning to manage earlier than

but the impact ultimately has been just that with that so she oh economic impact.our ambassadors one of the things that we take credit for that our team did was to talk to the ambassadors. but then you hear this broad power not just the industry or the diplomats they have people feel the caring and compassion. it was a global effort with the global fund but there were 30 or 40 other countries that participated so it was caring and compassion of humanity. so using medicine or health or diplomacy is a real thing. i've always said medicine is a currency for peace. but the military might is absolutely protective of our freedom and democracy. but the cost of success of this broad bipartisan people supported is that caring and compassion and health can be a true currency for peace and understanding. but on the ground you have some type of aid coming into save the life of your child $1.50 that breeds faith in humanity. so you don't go to war with someone who just saved the life of your child. to use that his strength just like we use military. >> letter some of the other

notice some specific impacts on south dakota. according to usda foreign ag service 95% of the exports from our state go to the top steel exports. 84% of our exports go to the top aluminum exporters. obviously these markets are very crucial to us, and the retaliatory tariffs hurt our state tremendously. i'm hearing more from farmers that they still trust with president trump is doing and he knows what he's doing and everything will be fine in the end. we understand that other countries, particularly china have not played fairly and we respect his desire to remedy the situations. the problem is those countries know just where to punch us back in a dispute situation and that's agriculture products. through no fault of our own and unintentionally, i believe, our industry ends up being used for leverage. patience among farmers is running out as we get closer to the main selling season. as of yesterday since the end of day, soybean futures have dropped 20% and corn about $0.65 a bushel. the markets react daily. this issue will show up

notice some specific impacts on south dakota. according to usda foreign ag service 95% of the exports from our state go to the top steel exports. 84% of our exports go to the top aluminum exporters. obviously these markets are very crucial to us, and the retaliatory tariffs hurt our state tremendously. i'm hearing more from farmers that they still trust with president trump is doing and he knows what he's doing and everything will be fine in the end. we understand that other countries, particularly china have not played fairly and we respect his desire to remedy the situations. the problem is those countries know just where to punch us back in a dispute situation and that's agriculture products. through no fault of our own and unintentionally, i believe, our industry ends up being used for leverage. patience among farmers is running out as we get closer to the main selling season. as of yesterday since the end of day, soybean futures have dropped 20% and corn about $0.65 a bushel. the markets react daily. this issue will show up

their impact can no way be equated with bicycles in terms of traffic or in environmental impact. lastly, the proposed intensity of the development and relaxing of the development controls have not been equated -- evaluated with respect to state density, in the e.r.r. and it references these laws on page 2-22, but only in reference to increase heights. the derr references the bonus for affordable housing projects on page 6-2, but says that the increased number of units is not considered for the deir. and it's incomplete, if it does not complete the study the impacts of increased heights and the number of units for both affordable and market rate housing. thank you. >> hi, supervisors. my name is chantelle labrento and i'm continuing with points in our appeal. first, the economic impacts from displacement were not ann liced in the eir and there's environmental impacts due to the displacement of residents from their homes or small businesses in soma. especially when considering the huge increase in the vehicle miles traveled that will result in this proposed central soma plan. the g

if you do impose tariffs on all chinese goods, that will impact consumers and might actually impact thelections in november. selina: is no accident that america is targeting the heartland's, but it is a boon to the political base saying he is being tough on china. how much economic and political follow-up has to occur before he backs down or maybe china blinks first? >> for the president to back down, he will have to start seeing poll numbers shift significantly in terms of his own approval rating and the chances of how the senate candidates in november. at this level of tariffs, whacking back and forth, that will not happen. as jenny was eluding to, it will not be the direct hit from the tariffs, it will be whether they are combined with pulling out of nafta, changes in the stock market, those are the types of things that could change support for him and make him look to want to talk to the chinese. the other would be something that happens on the korean peninsula. that is the high priority for him as well. if the poll numbers change or outlook on the korean peninsula changes, those of

it has an impact.that from the state m e nts it seems to me that from the statements that ryanair has been putting out, they have been really aggressive. they published payslips from pilots in portugal and cabin crew in belgium, saying, this is how much they earn. a really aggressive start. they say, we will take a war of attrition against staff who want to go on strike and we will prevail. it next ordinary position for a giantairline. bear it next ordinary position for a giant airline. bear in mind that ryanair is by far the biggest budget airline in europe. the next ordinary position for it to take. thanks very much indeed. facebook has won a licence to set up an innovation hub in china — despite its website being blocked there. let's go to our asia business hub in singapore where rico hizon is following the story. it's quite interesting this. as it suggests the relationship between facebook and china is starting to warm a little? it could be, could be. it could be the first step for facebook to bein

we have not yet seen any negative impact.we are monitoring carefully the impact on uncertainty and investment. >> even as of today, the actual tariffs were a small part of our global trade. that is soon to change if the 200 billion that has now been threatened against china comes to be in 60 days. my last question i would have is, i'm curious how the administration thinks about the possibility of a global recession. in the u.s. we are facing rising interest rates, the fed needs to have an orderly wind down of its balance sheet, you know better than others that we may be looking at an inverted yield curve at least historically it has been a leading indicator of the recession. we know about tightening monetary policy and other segments. there is already a threat to economic growth, how do you factor that in again to the administration's trade policy, what is the risk? >> me just comment specifically, we do not have a inverted yield curve there's a flattening of it, that is somewhat reflects people's future views of rates aware

we think that these are negative impacts that are avoidable. we're trying to work with pg&e, as the general manager mentioned, to come to further agreement so we can avoid them together. they are, frankly, accumulating, though, affecting many san franciscoens. there's a loss in revenue, waste in city funds in trying to remove the roadblocks and increasing emissions -- >> ms. hale, before you move on. with the mta toilet, you found another way to provide that power, so that's up and running, but four months late, so who know what is the drivers did in those interim four months. >> i didn't inquire. >> the waste on the streets that i hear about on a daily basis from my constituents. the balboa pool, i would like to know what happened to all of these projects. >> balboa pool is under construction. what about the senior housing project. >> jfk tower is still under construction. we're trying to find a constructible solution consistent with the path forward that the general manager said was discussed. we hope that will receive service. >> do you know

on growth. >> it is a big impact. has a little bit of room to run because we don't have those inflation pressures. even with two more fed hikes, which we anticipate we'll see this year, you're still in that neutral range and there's no need to move above that at this point in time. i know there's concern that wee going to have an inverted curve but people have to remember that an inverted curve is not the causation of a recession there is a correlation there, but we do need to watch the growth numbers if you look at china's exports to the u.s., it's 4% of their gdp but a lot of that is in that supply chain to other emerging markets. you've got malaysia, singapore, taiwan, korea. if you add all of those together, that's 20% of your total global gdp, so there's definitely some concern that this could feed through and be a much more broader concern on the growth front than what we're seeing right now, but currently the fed has a little bit of room to run because we haven't seen that inflation pull through yet. >> eric, t

it takes a while for these impacts to hit. right now, we're just beginning to see the impacts of the steel and aluminum tariffs that went into effect in march. so today we have this new trade fight, this escalated trade fight between the united states and china. again, it's going to take a while, several months probably, for the impact to show up. but the real thing to watch is what's coming next. saying president trump has the ball in his hands and he has threatened far more tariffs on china, potentially another $400 billion in tariffs on china. he's also threatened tard relationships on autos, car, trucks coming into the united states. that would be an impact of $360 billion. those numbers are far bigger. we have tariffs on $85 billion. you can see how quickly and big this would escalate if trump pulls the next move. >> david, the jobs numbers were expected to be about 195,000. as we said, they're 213,000. and yet the unemployment rate ticked up from 3.8 to 4%. how do you interpret these numbers? >> yes, i think the economic

is there margin impact? regardless of margin impact, what you will see is google's investment in their own hardware, their own pixel devices, are ramping up, and they will probably double down on the back of this. curious, with this change in google search, how might it impact its deals with its partners? you have to look at how google traffic has been changing over the last couple years. one big thing we are seeing is the app traffic. youtube.com,ing on the youtube app itself is picking up a lot. ist the app traffic does provides an offset if you lose some control over the operating system in the deal. a big impact on revenue. as far as partnerships are concerned, you may see avenues for cost to google. impact on margin, but not revenue, because of the way google traffic is moving. ramy: interesting stuff. our senior analyst coming to us from san francisco, thank you. let's get first word news with jenna dagenhart. >> thank you. president trump putting more pressure on allies in europe, threatening to impos

we have a socioeconomic impact, and impact on traded self. our ambassadors, one of the great things we did in the report that we take credit for, but that we heard, that our team did, was to talk to the ambassadors. and we will talk about it in the next panel, but then you hear this great brett -- breadth of this power that tom talked about. it's red to the community and every little tiny village and every little tiny group of three or four little houses that people feel the caring and the compassion. it happened to be america that led, but it really was a global effort. we did the global fund, which the u.s. let on as well. but then there were 30 or 40 other countries that participated in that. it was the caring and the compassion of humanity that people felt. forg medicine or health diplomacy, strategic diplomacy, is a real thing. ini mentioned in my lifetime africa, i always said that medicine is a currency for peace. our military might is ultimate. the military might for the world is just absolutely protective of our freedoms, protective

we will see in impact from that.t to which that impact is mitigated or we feel the full force of it, we do not know. only time will tell. that weing to make sure continue to diversify as much as we can. it has been about bringing down trade barriers and pursuing really high ambition and good quality deals. this week in japan, i have been talking about conference of partnership as well. tokyo to talke in about rcep. path to somehe kind of agreement on your and is clear now. thatat clear is that -- is being optimistic at this point? >> i think it is reflective of the mood in the room. closely together with japan. we are very invested in the economic partnership. the mood was positive. we just have to roll our sleeves up and work our way to a better outcome. this was a general view that the benefits of this trade deal should come to pass and it would be enjoyed by all 16 companies -- countries. we need to try to get a substantial conclusion by the next round for minister orders -- ministers in singapore. yvonne: it seem

impact on uncertainty on investment. >> as you know, mr.retary, even as of today, the actual tariffs are a small part of our will, but that is soon to change if the 200 billion that has now been threatened against china actually comes to be in 60 days. i guess the last question i would ask, mr. secretary, is i'm curious how the administration thinks about the possibility of a global recession. in the u.s. as you know, we are facing rising interest rates. the fed needs to have an orderly wind down of its balance sheet. thatnow better than others we may be looking at an inverted yield curve that at least historically has been a leading indicator of the recession. we know about tightening monetary policy in other segments. tore is already a threat economic growth. how do you factor that in again to the administration's trade policy? what is the risk? >> mr. chairman, let me just comment specifically. we don't have an inverted yield curve. there is a flattening of the yield curve that somewhat reflects peoples future views of rates and where th

what impact has that hat on app developers? >> i think of the great question. it's one of those where were still trying to figure it out. in part, the app association is not just american base. we have more than 5000 companies around the world, but what's been transformative is my smallest member is a one person shop and yet she's in international business. she has global clients around the world that she serves. the impact, for small businesses it's figuring out how do i, one, two, three person shop comply with a bit of patchwork of regulation. the second part has been a work in progress, were still trying to figure out what your version. to get specific there have been letters and advice for something called the working party that lay out certain things you should do but those are part of the decision yet. for many it's what i need to comply with, how i do it and how i communicate to my users. right now we are working through it from a compliance perspective. what i like about gdp are, it's an attempt to establish a new dialogue between the people who collect

the stipe of a light fixture has significant impact. commissioner lazarus stated candidly on the record that she would rely on her stated personal opinion to vote and there is no record of evidence to sport her opinion. -- you are essentially giving wireless companies free reign to put these on every pole in the city. i strongly ask you to reconsider and the impact of the decision would be fair reaching and detriment tall detrimental to our beautiful city. >> thank you. >> they have taken her sore thumb comment out of context. i have stated that the light pole at 3512 clavie is the most visible light pole on the block, especially when comparing it with other poles. that is why we have multiple times suggested other locations. as for ver ryeson's verizon, the finding that the utilityies were moved underground years ago is misleadi ng and impleat imcomplete. while much of the infrastructure is moved underground, several re remain above ground. the residents of presidio heights have paid to have any infrastructure that can be put undergrou

palm beach in particular is one of the areas impacted by this. we talked about the opportunity that the president had to be the infrastructure president and when it comes to florida to be a president that actually gets things done for the florida everglades. i asked him about doubling investment in the center everglades infrastructure, to clean and store and move water into south florida's natural floodplain and away from where people live along the coast. in 2000, congress authorized the comprehensive everglades restoration plan. we've got to continue to move forward on finally getting it done. there were too many delays. it took too long. hopefully now in the last couple of weers we've -- years we've begun to make headway on it. these infrastructure projects is not just about restoring the everglades. this is not just an environmental project. if it was just an environmental project, that alone would justify the work. it is not just an environmental project. it is about water quality, about water supply, it is about the value of property, it's

if you were doing a chart, you would place that, here's the impact the impact is wrong. you and i have discussed for many moons, of course the yield curve. the yield curve has been an indicating something about the global financial system long before these tariffs had become a main stay conversation. >> let's mplay my favorite game. how many times have you head fed speakers and economists and analysts lots of street cred say how many basis points higher do you think it would be without the policy pick a number? >> 40 points. >> i here as high as 75 basis points. >> used to be 110 basis points. >> let's for the heck of it say it's 50. you had 50 basis points, that 30 tens to twos now becomes 80. wouldn't probably bother anybody. >> no. >> how significant is that manipulation of rates made the yield curve flash red but then add in global weakness how are we supposed to interpret it >> let's go to the piece again written by governor the piece we by governor patel from reserve bank of india warning about the three pillars taking place here, the increase amount of treasury bi

is that having an impact yet?re reassured it would be like watching paint dry. >> that is an impact from the end of the qe era. to thelso related central bank balance sheets together. we saw the most aggressive quantitative easing between 2016 and 2017. that ended at the beginning of this year. january was your final show. as of then, more volatility, asset violation skewed to say the least. bad news is less easily absorbed by the market. i think that trend will continue. it is unlikely you get back to where you were. rishaad: exactly, and free money , the era of free money being over with is fundamental to all this. >> it is very critical that if you do not have the public sector playing a role in the markets, you need more private sector price discovery, whether on treasury yields, not now, but earlier in the year. or whether it be an emerging market, which i believe were caught out by the dollar strength as the result of the fed having to get more hawkish because of fiscal stimulus in the u.s. meanwhile, toppin

-- can start to have an impact.a correction in excess of 10%. we are not at that stage. we are discussing small, pocketed parts of the industry's. anna: we will come back to the equity markets in a moment. a graphic raises the question about who is more impacted by a trade war. president trump, showed a clip of him saying, we can win this. this graphic shows the siz e of the u.s. economy and reliance on a lack of exports. compared to germany. where do you see the vulnerability? who blinks first? >> i think it is in no one's interest it continues to escalate because it will eventually damage growth. quite a lot of rhetorical. what gets implemented is probably not as severe. the markets most affected, anyone with a high exports exposure would react the most. any sectors more cyclical would react. predominantly, things like eurozone, japan. they are the more export focused region's. those are the areas we would be more cautious of. anna: i have a chart that compares how the chinese equity market has told off and the e-

the impact can in no way be equated with bicycles in terms of traffic or environment impact. next, central soma disregards soma special use district. we demand that projects when the soma youth and family district are required to undergo approval by resident groups and community organizations before they're considered by the planning department. we're demanding that it function similarly to other special use districts. thank you. >> hi, supervisors. i'm chantal, with somcan, continuing with reports in our e.i.r. appeal. regardless of the assertions in the e.i.r., there are environmental impacts due to displacement from residents from their homes or small businesses in some yes, especially considering the vehicle miles traveled that will result with this central soma plan the gentrification will have a quadruple environmental impact by lengthening commute times, replacing them with a population more likely to own and use automobiles, increasing the people in soma as a bedroom community on a shuttle to the peninsula and increasing ride-hailing services, which idle and circle fo

and while the impact on growth is relatively clear, the impact on inflation is not as obvious.nie: how much has he said, does mario draghi has the full -- have the full backing of his team? jana: i did not hear the question. how much support is there behind his a strategy? jana: um, the council is very united at the moment. those who are more conservative, who would or who are not as much in favor of quantitative easing, who would have ended it a long time ago, they are glad that asset purchases are finally running out. and those who are more in favor of an easier monetary policy have been reassured by the fact that the interest rates will remain low for basically another year, or even longer. at the moment, the council is united and the decision was taken unanimously. and they are very much on the same page. and there is no reason to expect any move away from that in the coming months. vonnie: thank you so much, jana for us in frankfurt. nejra: from london, this is bloomberg. ♪ vonnie: companies caught in the crosshairs. china wants to open more industries to foreign investmen

it has a real pocketbook impact. also, of course, it creates jobs in minnesota because our state is a biofuels producer. so could you talk a little bit more mr. bordoff about the role that these vehicle efficiency standards can play in our ability to cope with higher prices. >> as i said in my testimony, gasoline prices are set in a global market. regardless of how much we are producing in the united states. consumers are still going to face prices at the pump based on what's happening in the global oil market. use of shale production can help as an additional source of supply and putting another $5 million a day on the market certainly has. fundamentally, reducing the energy intensity of the economy i think is what makes it most resilient to oil price shocks which are inevitable, they will happen. barbara wrote the whole book about it. we will see prices go up and down and that is difficult for consumers to manage. they don't have the same ability to hedge prices the way airlines and large companies do. they don't h

an impact onving third >> sure.nvestors was concerned bond.the would-- in sector, which is deliver more metrics. have turned more cautious about local government funding vehicles. fragile. the more rising of local opportunitying vehicle. pays the investigate opportunity. andpick up opportunities these this would be the -- interesting opportunity for --estor, rishaad: let's get to some of the decision on this. trey and the -- how all this is them.ing this the first word in the news. man.is yvonne >> raising trade tension has equity the president of there. annual report is gic. boosted its cash and bond investment. neighboruation in u.s. harder to find good opportunity. president trump is tweeting about north korea. posted a letter from kim jong-un that praises his efforts ties.haping it's dated on july 1st when pompeory of state mike was in pyongyang. theymeeting concluded when cancerous and gangster like. netflix is home of the crown. king of the emmys first time. new high for digitally cuts was announced in los ang

and japan but that will also impact suppliers in the u.s. . but even without any further escalation the international monetary fund said to the current tariff rao could in a worst case scenario impact a global g.d.p. in the range of nor two point five percent i asked chief economist at bear impact bank whether north point five percent less growth is a big deal of a percentage point of global growth is quite a lot it means around the world millions of jobs lost which otherwise could have been created and of course it always carries the risk that we get into a downward spiral or that when you start to slow down artificially then maybe hesitation creeps in hesitation then means fewer business investment would means fewer jobs so we have to watch this risk carefully half a percentage point of global growth is or would be significant ok so so good trade agreements would to be more than welcome and u.s. treasury secretary steve has actually offered to open trade talks with japan and also the european union but france says the e.u. should not negotia

and how they'll impact commodities, how they'll impact other sectors. how will they impact freight rail? mr. fritz: freight rail thrives when consumers consume things, when the industrial economy is healthy and producing and when international trade is healthy. it will impact all three of those sectors. tariffs and disrupted trade tends to be a tax on consumption, for sure, it's going to drive up pricing and we'll see consumption be less robust than it otherwise would be. uncertainty, like what we see happening in nafta right now, causes the industrial economy to slow down on its investments and be more cautious. and the industrial economy, the life blood of that, is capital investment. so that will be impacted. and then when we start disrupting trade flows through either tariffs or other retaliatory measures whether by us or our trading partner that disrupts trade flows. and the scariest part about that isn't the immediate impact, the scariest part for an industry participant like a freight railroad is supply chains start altering. once a customer has

just at the time when it impacts you. that has been a big change element like the little purple triangle at the top that tells you when location is turned on. little notices, using a lot of human feedback to engage with you where you are, rather than where your lawyer is. >> we saw california members take a stab at this last month passing a consumer privacy law in that state. what is your take on the approach that they took which ras some similarities to gdp and the idea that states are starting to now regulate this. they think their residents find privacy important. does that create a problem for app developers or anyone in the tech industry? morgan: i think you hit the key word there. that is the patchwork of state laws. a lot of our members are global. even though there are three or four men shops -- man shops. if you think about it from the perspective of doing to do -- wanting to do right by your customers, if you have a patchwork of laws that are actually preventing you from telling them in a certain way, or require