so u.s. trade conflict is very familiar to me and later my father was minister of industry of international trade. but the trade conflict always there potential ly. you know, the economic theory that maybe trade is good for anybody but in the real world, there's some losers in trade so the very big challenge for the united states and japan is is how to adjust it and now we are tackling that. so it's not neglected. it's really needed. what is important? that is stability in the pacific region and the abe administration, clearly showing his involvement in the indo pacific. the japanese foreign minister published a blue book for diplomacy and that is more clearly stated, japan's indo pacific strategy because it's not coming yet so i just briefly tried to introduce based on japanese version. it's like this. free and open indo pacific. so it says maritime in indo pacific is facing a threat. japan promotes free and open indo pacific strategy to remove threats to maintain strength in the free and op

yet u.s. diplomats, u.s. their talking points about their conferences they repeatedly state that the u.s. is with aware of the devastating impact of nuclear weapons. the u.s. knows that nuclear weapons have these effects. just because the u.s. knows it does not mean the other nations know as well. because this is such an important issue in international security, it serves the mpt commune and the international diplomatic community if more of its participants are well versed in these issues. that's one. sec, the nuclear weapon states could explicitly acknowledge other states deserve a place at the table when it comes to discussing nuclear weapons. we know that the non-nuclear weapon states are not going to have the same responsibility for negotiating reductions or early verification efforts but they do deserve to be prnts when it comes to discussing the role of nuclear weapons in the world. we know non-nuclear weapon states have been affected by nuclear weapons. citizens there can tell you they have been affec

so here in the u.s. that would be two point two trillion dollars that we would have medicare for all essentially medicaid if we decided to use the same sort of metrics as how the u.k. and the citizens there decide how to allocate their their funds but here in the us there is a huge resistance to having single payer most people if you go online if you look at the you tube comments below here they will fight you they will shout until they're blue in the face that. system is communism is socialism we don't want it but they don't shout and so they're blue in the face about the socialism that is a massive defense department spend most of that is welfare it's welfare for raytheon is welfare for lockheed martin as welfare for thousands of people who live in mansions in virginia as welfare for facebook it's welfare for google it's welfare for silicon valley and but they don't see it that way because those are a different class of people that they never get to see right because in the u.k. there's an entrenched a

the u.s. says european companies are bowing to its pressure and leaving iran but folks who are going to climb permits pulling out of that market even after the u.s. ambassador to germany says the carmaker would do so. also in the program a deal reached in july to avert a trade war means that most soybeans consumed in the e.u. now come from the u.s. . and the largest part of the migrants who arrived in europe three years ago still haven't found work but the job market is tight some employers say they write you able to help you get. w m how yet again it's good to have you with us the u.s. ambassador to germany says chemical company. will shut down operations in iran he sees it as a result of the trump administration's combination of sanctions and threats against anyone doing business with that country while neither of the companies has confirmed this version other german giants have already left the uranium market the e.u. is trying to encourage european businesses to bypass u.s. sanctions but i

but the u.s.doesn't see them as road they see them arrest people who would work with the united states right one of the you know what is one of the things i think people don't quite grasp you know it with everything going on is you know all you hear about is this great threat. but as well on the threat they pose to the united states and you know why are we so bent on removing the leadership of that country that we would try to recruit their military to do why as well as whale is such a threat to the united states it seems ridiculous to me. right will it represents no military threat we need to start there you know latin america has never represented no country there is represented a military threat to the united states these are countries that rarely in a get involved in any military adventures outside of their own borders and that's true with venezuela the threat to venezuela has represented since hugo chavez was elected in. nine hundred ninety eight was the danger of a good example in the words

the u.s. session yesterday. futures struggling a little bit for direction, so we might not get such a strong rally in the u.s. as we have just been in asia. let's is the bloomberg first word news with humphrey in dubai. china will not devalue its currency to make its exports more competitive. the is the message from premier as just hours after his country retaliated against the latest increase in tariffs by the trump administration. the offshore yuan rose after the conference. earlier, the u.s. china trade the bit and as beijing announced retaliatory tariffs on $60 billion of american goods that came in response to donald trump ordering his administration to levy tencent tariffs on about $200 billion in chinese goods from next week and in january the rate from 25% in beijing refuses to offer trade concessions. beijing announced plans to hit u.s. goods with 5% to 10% tariffs. pres. trump: we are the piggy banks of the world. we have been ripped off by china. we have been ripped off by, excuse m

u.s. high-yield or leverage loans? gershon: tied. u.s.d by a wide margin over the next 12 months. subadra: pass. krishna: leveraged loans. jonathan: we will do that another time. subadra rajappa, gershon distenfeld, and krishna memani. from new york, that does it for us. we will see you next friday at 1:00 p.m. new york time, 6:00 p.m. in london. for our audience worldwide, this was "bloomberg real yield." this is bloomberg tv. ♪ alix: opec's warning versus iea supply fears. opec highlights the global economy while the iea warns of oil prices over $80 a barrel. florence is a deadly game of chess. hurricane florence barrels toward the east coast, disrupting commodities from hogs to sweet potatoes. and brown into trump, you are the saboteur in charge. governor jerry brown goes all in on climate change and is signing a bill to move the state to 100% clean energy by 2045. i am alix steel. welcome to "bloomberg commodities edge." 30 mint

goods that move a retaliation for the latest round of u.s. tariffs on two hundred billion dollars worth of chinese products al-jazeera scott hyper reports now from beijing. within hours of the u.s. announcing a second round of tariffs on chinese goods beijing responded. the chinese commerce ministry saying it had no choice but to retaliate and it hopes the u.s. changes its behavior one official said. the move is poisoning traitor didn't they phone the regarding america's new round of terrorists china has no choice but to retaliate it was expected that the ongoing trade war could heat up this new round of terrorists from washington confirmed that it will be a lot of money coming into the coffers of the united states of america a lot of money coming in a lot of money in the form of tariffs on an additional two hundred billion dollars of chinese imports the u.s. government will begin collecting a ten percent tariff on those goods starting on september the twenty fourth through the end of the year then on january first the terrace will jump to tw

not just against the u.s.china, but also the market opening measures you mentioned, and also perhaps most importantly, damaging u.s. corporate operating inside of china where the bulk of u.s. businesses are. ifi want to drop this chart, you are keeping track of where we are with these tariffs, actual ones proposed and threatened. that $260 billion, that is basically all of it. what happens then? how can beijing respond? is there an argument that president xi can withstand it, because it is part of his re-shifting to domestic brands? >> it is very difficult. the chinese economy exports do not rely on the u.s. as they once did. but it is still extremely important. i think there is also a political side which is the bigger picture. people ine, a lot of the u.s. are talking about the u.s. and chinese economies decoupling. trump talks about that my putting pressure on apple to bring its manufacturing home. so, the bigger picture here is about a hardening of political positions, which will then spread their out the

u.s. high-yield or leverage loans? gershon: tied. u.s.yield by a wide margin over the next 12 months. subadra: pass. krishna: leveraged loans. jonathan: we will do that another time. subadra rajappa, gershon distenfeld, and krishna memani. from new york, that does it for us. we will see you next friday at 1:00 p.m. new york time, 6:00 p.m. in london. for our audience worldwide, this was "bloomberg real yield." this is bloomberg tv. ♪ xfinity mobile is a new wireless network designed to save you money. even when you've got serious binging to do. wherever your phone takes you, your wireless bill is about to cost a whole lot less. use less data with a network that has the most wifi hotspots where you need them and the best 4g lte everywhere else. saving you hundreds of dollars a year. and ask how you get xfinity mobile included with your internet. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. supply fears. opec highlights the global economy while the iea war

mark: if you look at u.s. rates compared to other developed rates, the fed is raising short rates and we do not see a breakout in the inflation. that is causing the yield curve to flatten. with rates at zero in japan and close to zero in europe, money looking for higher returns and coming to the u.s. with a strong dollar, that is acting as an additional catalyst. vonnie: what do you do at pimco with u.s. treasury? it does not seem there is image bargaining at this point. mark: we have been underweight and the last year and now moving towards neutral. you have the 10 year at 3%. we think the u.s. economy growth rate near 3% will slow a half percent next year. we think we are approaching a bite super bowl -- signal for short to intermediate. julie: do think the trade back-and-forth is also going to limits andm it -- limit the fed? mark: it could. we think the u.s.-china trade talks is the biggest thing for downturn in the u.s. economy. there is upside risk for capital spending. it is a two-way risk. if this trad

the u.s.-china trade tensions. president trump wants to go ahead with tariffs on $200 billion of chinese goods, and the wall street journal reports china may turn this down to restart talks. joining us is bernie kohn. are we seeing a game of bad cop, good cop when it comes to trump and mnuchin? bernie: you have hit it on the head. the question is are they tired of trump's pressure tactics? have they struck trade deals with mnuchin before, only to have it vetoed before? there are signals in both directions. either way it sets up a week in which officials that were due to come to washington for talks, it may not happen at all or may not produce much. haidi: do we know anything about the timing of when such tariffs would go into effect? bernie: that is our understanding. it has been reported monday, tuesday. we have reported it might be in the next few days. i had don't know any of that -- i don't know any of that is wrong. there are a number of wheels turning. one is whether the tariffs are at a

but what the u.s. is doing now shows no sincerity or goodwill. jessica: the u.s.partment has told china tv to register as a foreign agent. they are required to disclose information about funding and expenditure as well as ownership structure. the order comes into the foreign agents restriction act. it covers or ministrations -- organizations that attempt to influence u.s. public opinion. crude oil climbed on indications saudi arabia would be happy with prices pushing $80 a barrel. adjusting to the loss of iranian supply due to sanctions. from that nation they plunged 35% since april. saudi arabia, russia and other major producers are set to review sunday to review the state of the oil market. union isean investigating whether bmw, daimler and volkswagen colluded to limit development of control systems. they received information that the three companies held meetings to discuss technology surrounding auto exhaust. the inquiry is looking at whether they agreed not to compete against each other in developing and introducing new technology. global news 24 hours a day

i don't know what the u.s. can do. the u.s. is well-positioned to play a two-player role, not only a military role, but a military but a diplomatic role. that is what i mentioned counselor jim davis should be heading to us from russia, if you don't follow him on twitter please do, he has been doing a lot of good work and russia, which is is a difficult place to work and a place where i think he started from to build the image of the u.s. ties willle-to-people be very important. earlier we talked about the countering of corruption. and accountability. that's important but i'm not sure what the u.s. can do. when it comes to politics in the the youth in iraq is not an aesthetic group at all. >> what you're expressing here reminds me of the dynamic we saw in syria. you have the youth looking for something from democratic countries, some kind of support or recognition and to stand by them saying your grievances are real. yes, these are dictators, or trying to manipulate things in their favor and really are trying to exclude you and

u.s. for example advertising online something like ninety five percent of all new advertising online advertising went to either facebook or google so that competition is not there's not much competition in the u.s. now a lot of the new all the golf police and you know monopolies online are tend to be silicon valley based california democrat so under the obama administration there was definitely no pushback against. many argue that there were you know antitrust legislation could be used against some of the situation emerging there certainly amazon is something to look at but the louisiana attorney general is now saying he wants to break up google and facebook wow so this comes from astore who of course we often refer to his tweets here because he covers this sort of anti-trust and a competitive monopolistic behavior louisiana attorney general jeff landry would like to see google facebook and other major social media behave broken up like the federal government did to standard oil more than

the u.s. at the you in general a simile. with all the downfall .3%. energy producers tried to pull the benchmark up. we saw them gain ground with oil trading at the highest level in four years. nike post orchid fall because they missed on gross margins. instagram founder says they will be leaving the company. let's see how things are playing out for the asia open. to --: we may be looking for a strong move on wall street. we have a mixed session potentially and stock futures pointing higher in tokyo in sydney. over in new zealand were seeing a nudge lower ahead of new zealand's trade balance which is due out in about 45 minutes time. and we are waiting on singapore's factory output along with japanese machine tool orders. that will continue to reflect the short-term impact of u.s. -china trade tensions after resolve that contraction in the numbers for august. given latest bout of trade wars, keep an eye on what's going on with japanese stocks because they look set to extend gains after a seven

the u.s.we are not taking risk off quite yet. >> 2019 will be a year of convergence. >> 3% in the second half of next year of up to a half. >> are going to see convergence. >> u.s. economy is performing very well. >> convergence and earnings. >> still looks very strong. what, theu know economy looks great. jonathan: a full house with me in new york. gershon distenfeld. subadra rajappa. and krishna memani. your thoughts on the convergence divergence arguments. ms rajappa: the divergence seems to have continued. my concern is if you listen to the ecb this week, they are pretty much on hold for a good portion of next year, qe is anticipated to end sometime by the end of this year and what that really leaves them with is very cognitive policy, in contrast, you have the u.s. raising rates four times over the next year, which makes it very hard to time monitor policy if the u.s. tries a slowdown for the later half of the year's divergence could stay on a little longer than we anticipated. mr. disten

and yet, u.s. diplomats, u.s. leaders in their talking points about these conferences, they repeatedly state that the u.s.t is well aware of the devastating impact of nuclear weapons. the u.s. knows that nuclear weapons have these effects, but just because the u.s. knows does not mean the other nations now as well. because this is such an important issue in international security, it serves the npt community, and the international diplomatic community for more of its participants to be better versed in these issues. second, nuclear weapon states could explicitly acknowledge that other states deserve a place at the table when it comes to discussing nuclear weapons. we know the nonnuclear weapon states won't have the same responsibility for negotiating reductions or early verification efforts but they do deserve to be present when it comes to discussing the role of nuclear weapons in the world. we know that nonnuclear weapon states have been affected by nuclear weapons. japan, australia, has extent, algeria, spain,

by adding judi's to a further sixty billion dollars of u.s. goods but if the u.s. ups the ante again china doesn't have much room to move. meanwhile the war of words has also escalated he is what u.s. secretary of state mike pump aoe had to say about the trade war when he appeared on u.s. television on sunday. we know this much the trade war by china against the united states has been going on for years. here's what's different in this administration to the extent one wants to call this a trade war we are determined to win it china for its part accuses the united states of bullying with no sign of a lit up in the tit for tat dispute economists say the real losers in this trade battle are likely to be consumers in both countries. now for more let's cross over to new york and our financial correspondent yes quarter yes as u.s. china terrorists kick in markets in europe and asia posted losses on monday are investors on wall street asked pessimistic. finally the trade tensions also hit the u.s. market for the first time since u.s. president donald trump announced the n

the u.s. trump administration of insincerity. >>> orlando shares plummet to the bottom of the stoxx 600 and the german group cuts its full-year guidance for the second time in two months. >>> and ferrari looks to return to the fast line as the new boss hopes to convince investors with fresh midterm targets at the italian carmaker's first ever capital markets day. >>> as i mentioned, european markets seeming not to react as negatively as we might expect given those tariff announcements from the white house the stoxx 600 currently trading up more than a fifth of a percent. if we look at the individual markets behind some of those numbers, the major indices, the ftse 100 is down more than a tenth of percent the xetra dax performing well. the cac 40 is up two-thirds of a percent. the ftse mib is up around a third of a percent if we look at the sectors, there are some problems with retail once again down around a fifth of a percent bad numbers out of some of the major european retailers autos, desp

i think the u.s. negotiators the u.s.an threaten auto tariffs against canada, that they make it their way. really those tariffs will be so ruinous to the canadian economy, probably pushing canada into a recession that it is a last-minute thing the u.s. can hold out. president trump has talked about this. he talked about it being the mother load. that's come in the end, is probably what will push canada to get a deal done, hopefully tonight. haidi: -- kathleen: on sunday, the wto, and world bank, issued an emergency call for international trade reform. in. will all be meetings the wto having a big meeting and then imf world bank and a couple weeks. is that what is behind this unusual joint call from all three of these bodies that once? ros: you know, i think a lot of it is about president trump. but it is not all about president trump. we have definitely had the u.s. -- or president trump, saying, more than once, including in a bloomberg interview that he is prepared to pull out of the wto. and basically the trump administ

the u.s. air force space command and royal canadian air force space command discussed how the two countries can work together on military and security operations in space. the wilson center organized the conference. >>> okay. well, thank you so much. i'm really excited to see this audience just kind of got filled all of a sudden by a bunch of military people, so that's very cool. so i have the honor to introduce our two guests today, our two panelists. so i'm going to start with brigadier general kevin wale. he's the director general and component commander for space for the canadian defense ministry. he brings with him a really diverse military background that starts in 1986. and over the years, he's flown a bunch of rotor craft, including the kiowa, the twin huey, the apache. he's had a number of staff positions, such as training in headquarters, he's done a ton of work in engaging with allies in exchange for the u.s. army that landed him at ft. hood, texas, and integrating special aviat n a

earlier, the u.s.hina trade led to retaliatory tariffs by china on $60 billion worth of american goods. trump ordered his administration to levy 10% tariffs on $200 billion worth of chinese goods next week and would increase the rates in january to 25%. beijing announced plans to hit u.s. goods with 5% and 10% tariffs. u.k. and the european union have signaled their readiness to work through a brexit deadlock. aiming toy is persuade the european union to back her plan. a brexit negotiator repeated his offer to rewrite his blueprint for hard borders in the u.k. and ireland. >> we are ready to improve this proposal. we are clarifying which goods are arriving in northern ireland. checked --eed to be where they are checked, when, and by whom. most checks can take place away from the border. >> you have potential instability. elections for the chairman of bavaria are on the 14th of october. and you have the u.s.-china dispute. desire to parkng brexit as an issue. >> global news on air, 24 hours a day and at

u.s. japan trade talks, which have reportedly been postponed from monday to tuesday. china also returning to the fray, haidi. this could see them pickup in value, but hong kong markets will be closed for a day off. a bit of a breather for the yuan monday after china canceled talks with the u.s., adding to concern around trade. south korean remains closed for the mid autumn festival. analysts are saying changes are likely cosmetic. haidi: thank you so much for that. let's get you the first word news with jessica summers in new york. jessica: thanks. china says the door for trade talks is always open, but negotiations with prior -- require mutual respect. beijing responded to the latest trump tariffs with its own on $60 billion in u.s. products. it also released an eight point -- papersing toer promising to protect core interests. president trump has been briefed on last week's inter-korea summit and said he expects a second meeting with kim jong-un soon. he met his south korean counterpart

the u.s. economy can hardly replace the chinese goods so it's not like these goods will be produced in the united states what's going to happen probably is that prices of the chinese goods will increase maybe the chinese currency will devalue a little about in the end it could very well be that the u.s. is the loser or the u.s. consumer is the biggest loser in this thing so it's not clear that this will hit the chinese more than the u.s. now winter giants like washington and beijing fight with each other where does that to dispute leafier up. well europe has no interest in global protectionism increasing on the other hand there are opportunities for european companies now and there are opportunities for europe to get to stay out of this route so it could be that on the one hand the chinese will make concessions to the europeans to intensify trade with europe and it could also be that some european companies those competing with chinese companies in the u.s. markets. may increase their market s

and staying with the industry u.s. fashion company michael kors seems to be pushing further into the high end luxury segment michael kors is reported to close to a deal. or italian fashion house a deal said to be worth over two billion dollars now for years the family owned italian fashion label has been considering listing on the stock market but the sales of the colorful designs by the company's creative director tell oversaw she declined those brands were put on our massage is expected to announce on tuesday for the future holds for the iconic brand michael kors just last year acquired british luxury label jim riches. and that's all the glitz and glamour we have for you with thanks for watching your back here tomorrow. we may come over as we watch as i hope you thank you kai we are the seven survivors . want to shape the continent's future. for youngsters has to share their stories their. mission. seventy seven percent of new g.w.s. platform for africa charge. quadriga the international talk shows it's been a tumult

well the u.s. has been the single largest donor to the agency and they're already back and generally they had announced well withhold some of their funds and now this decision to cut back all of them will obviously put the agency into more of a situation of a financial crisis now the agency has tried over the past couple of months to get more support from other countries germany has announced on friday that they will that they're prepared to get more support calling also in other nations still to see whether that can fill this gap but obviously in my actually bring services if you look for example to gaza to the gaza strip you know it's run school said the school has started it's unclear whether the schools can continue for the rest of the year. providing food assistance to. the health. system so it creates a deep anxiety and also uncertainty for a lot of refugees not just in gaza the occupied west bank but also across the region as you said i mean what's taking care of over five million. refugees

what it means is there is less useful for foreigners to hold u.s. dollars. if the u.s. itself out of markets, there is less purpose to hold u.s. dollars, so it is a long-term strategy for strengthening of u.s. dollar, these trade tactics are not a good strategy. ramy: september 6 is the deadline for these tariffs on chinese goods. how optimistic or pessimistic are you that something that will happen? john: something will happen, i am confident. ramy: to the negative? [laughter] john: to the negative, yes. i am confident that a fairly substantial set of tariffs will be applied to chinese goods that will actually lead to a big drop in u.s. purchases of chinese goods with increasing and purchases of other goods, and high-level retaliate, then we have to see what happens to the cycle after that. something will happen, it will be negative, then we will see how quickly china response and what they respond on. they are not limited to tariff policy. haidi: how inflationary are punitive trade actions? john: they will increase some. prices will get past to consumers. the copulati

neither mentioned the u.s. directly but later, xi underlined that they agreed to oppose bilateral action and protectionism. it is their third meeting this year. >> china and russia both bear the responsibilities of maintaining world peace and stability and promoting development and prosperity. we share similar views and common interests which form a strong foundation. a super typhoon is brewing in the western pacific, threatening the philippines and taiwan before heading to hong kong and seven china. to bring winds gusting to 230 kilometers per hour. it will be the strongest storm to hit the philippines so far this year. it is threatening rice and corn harvests in pushing up prices. launched its biggest ever wargames. they are in collaboration with chinese forces and some units from mongolia. feature hundreds of thousands of troops as well as warplanes, military vessels, and 36,000 tanks. is even larger than the soviet union's 1981 drill. it is seen as a warning to the u.s. to stop threatening russia. is is pro

the u.s. is warning russia it's making a major mistake by deploying its missile defense system in syria the kremlin is sending the s. three hundred system a week after one of its planes was mistakenly shot down by syrian anti-aircraft fire washington has approved the sale of three hundred fifty million dollars in military equipment to taiwan the us is the only country that sells weapons to the island and has done so for nearly forty years u.s. president trump says he'll have a second summit with north korea's leader kim jong il and in the coming months he made the announcement while signing a trade pact with south korean president moon j in they met on the sidelines of the u.n. general assembly and the u.s. president supreme court nominee brett kavanaugh has been speaking out about accusations of sexual misconduct in a t.v. interview he openly denied the allegations two people have come forward about alleged incidents that took place in the nineteen eighties it's counting the cost now stay wit

u.s. stocks edged lower ahead of the latest u.s. fed meeting and our next guest says the expected rate hike is priced in by now. joining us from naples, florida, is david kudla, founder and c.e.o. and chief investment strategist with mainstay capital management. great to see you again. this week's move is priced in and we're looking at another by december. maybe a couple more next year. i mean, this is a fed that wants to grow but how do things like tariffs play into the murkiness of the outlook? david: we know we have a rate hike later today. in asia or tomorrow for us here in the u.s. and a rate hike later this year. and we think that doesn't change based on tariffs. in the near term, we see a further escalation in tariffs and longer term that will affect u.s. growth certainly and we think growth in china and around the world. but for the longer range outlook for rate hikes, we're still looking at again, rate hikes at the end of this year. and we're forecasting three rate hikes for next year. we don't think that's priced in the ma

the u.s. have for centuries promoted competition on the basis of that great aspirational principal, the heart of the american dream, that your children can have a life better than yours. from magna carta to the industrial revolution you've taken british ideas, forged in competition and made them an exemplary reality for the rest of the world. i hope you will permit me to say that it has played some role in your success. and it had its own version of brexit is 7076. but there are clear similarities between the american fight for independence in the 18th century and the uk desire to govern our own affairs in the 21st. as now, the dissatisfaction stems from the overreach of a remote, unrepresented power embodied by the famous rallying cry of no taxation without representation. thomas paine observed that there is something very absurd in supposing a continent to be perpetually governed by an island. both democratic control people wishing to decide who spends their money, who shapes their destiny a

spotlight on iran as u.s. president donald trump chairs a un security council session on weapons of mass destruction. but i'm hasn't this is as you see it alive also coming up if you talk negotiate. then you need to make way for a party that chant on one. leader of the u.k.'s labor party rejects to rescind may's proposed gregg's it plan saying his party can do better. protests in the occupied west bank against the us decision to cut funding that helps palestinian refugees. and is the leading cause of death in south africa we'll find out what the government is doing to. tackle to go culo says. the u.s. president is chairing a u.n. security council meeting on weapons of mass destruction donald trump is expected to use the opportunity to again criticize the iranian regime he's already used much of his time at the general assembly on tuesday telling world leaders to stop trading with iran earlier this year trump pulled the u.s. out of the iran nuclear due deal that move has been criticized by european allies as we

the man overseeing the russia collusion probe u.s. deputy attorney general rod rosenstein is expected to leave office that's according to media reports which earlier claimed rosenstein had suggested secretly take. president preside over the security council i am sure that's going to be the most watched security council meeting ever a lot of good things can happen. anticipation grows over donald trump speech at the u.n. general assembly on choose day with some hoping the president will use it to rebuild the shattered international relations. and the rates of sexual assaults in south africa now ranks among the world's highest with new cases opening old wounds we hear from some of the victims. of to fear. of depression actually trying to commit suicide this happened so many years ago. but i can get into nothing would have been done. it's nine o'clock am in moscow and you're watching r.t. international live from our studio with me welcome to the program and we go straight into our breaking news story russia's defense ministry has released

one, because the u.s. president has played bad cop along with his trade negotiator and the second thing that's unusual is this is the first time we've had a negotiation this intense with social media. i often think about one of our problems in u.s. politics now being the web m.d. moment we're in which is everyone has a lot of information when web m.d. came out, people would go to their doctor and say i've read all the symptoms, i think it's this. the doctor would say let me explain it to you. that relationship between the establishment specialists and the people is one that is being changed in trade policy. people have their own opinions about what an agreement is. the negotiator is playing bad cop and the vigorous debate about what all these provisions mean i think makes it very hard to negotiate, period. even irrespective of how we behave. and there is the congressional component, which i agree you are right to focus on. the trade promotion authority bill of which is what we're 2015, operating under, was

the u.s. administration is asking for and what the palestinians see as being fit misc can the palestinian leadership have said that the us administration is actually using humanitarian aid as blackmail and that it's not going to force them to the negotiating table if we look at this case how do you see the u.s. cutting funding to agencies that are in charge of looking after palestinian refugees and the response to it i think there's a big difference we would we were talking about military of bitters coalition support fund which is more military aid for military to carry on it operations i think comparing it to humanitarian aid it's an absolutely different thing humanitarian aid goes to people to sustain themselves who have been you know where who live livelihood shelter food nutrition water all that access is denied to basically a matter of life and debt so what i'm not saying that they're the same what i think that we are doing and we can validate as hourly we're talking about the u.s. you kn

a matter of hours after u.s. president donald trump slapped his biggest tariffs yet on china china fired straight back from beijing tariffs on sixty billion dollars worth of u.s. goods casting doubt on any willingness to make a deal in the near future uncertainty is now growing as to whether the two economic superpowers will hold trade talks as expected later this month on look you saw groove on we keep stressing that the dialogue and consultation based on quality good faith in mutual respect is the only right way out of the trade dispute going on but what the u.s. is doing now shows no sincerity and goodwill for found out i love seeing the china's counterattack comes in response to washington's move to slap two hundred billion dollars worth of tariffs on chinese goods overnight on monday those duties are set to come into effect on the twenty fourth of september starting at a rate of ten percent rising to twenty five percent at the end of the year and targeting mainly consumer products ahead of beijing's retaliat

the u.s.eading those gains. we have seen the net change in yields in the last two weeks come of this white line, the u.s. 10 year, up 16 basis points. germany taking up heavily in the last couple of days. still in their slumber, but holding steady at the boj trimmed bond her chances on the super long end of the curve. rishaad: talking about that and the general assembly, tehran reacting to donald trump's latest missive. that is one of the first stories in her first word news headlines. has announced u.s. sanctions as unlawful and amounting to economic terrorism. president rouhani said the trump administration wanted to make international institutions are relevant and is approaching "nastycy with a disposition." said dialogues starts with ending threats. india has bowed to u.s. pressure and will not like iranian oil in november when president trump's new sanctions come into effect. ordered crude not for november loading come up while other refiners say they have no plans to do so. final decisio

. >> the u.s. supreme court nominee brett kavanaugh and the woman who accused him of decades-old sexual assault will testify next week before a senate committee. the senate judiciary committee will hold a hearing on monday, bowing to pressure from ford, whoto hear from says cavanaugh assaulted her at a party when they were in high school. south korean president diane is ---- president moon john and in is in pyongyang. feature aence will press conference with kim jong-un. in argentina, a federal judge has indicted ex-president and current senator cristina fernandez on corruption charges. she stands accused of illicit association and having received a bribe from a public works contract during her tenure in the presidency, according to court documents. it is part of a widespread probe that has ensnared many officials in her governments. -- former government. parliament wants a fine for bankers involved in laundering to go up. that scandal engulfing danske bank forces the country to rethink its defense

dollars and the u.s. is opposed their u.s. dollar base has germany all over the world now european nation nations are saying no we're not going to be a part of this empire anymore because we need the box we need the money we're not we don't believe in your propaganda we don't think that your sanctions on iran have merit for any reason so we're just going to bypass them because we can because the world is really transforming itself with different payment channels and swift the use by banks is going to being replaced by new systems and europe is breaking part and britain is leaving the you in the e.u. is exert its friends its naming about this whole thing is that of course of puts huge pressure on germany as i've been saying now for a few years that germany is not really going to be an ally of the u.s. much longer because they will side with the e.u. china and russia and that's the new bloc of power against the u.s. and whoever else they can cobble together but germany is the massive story of twenty nineteen well yeah the condom

>> the sticking points have made between u.s. and canada, the u.s.pushing for more access to canada's gary market -- dairy market and the canadians are pushing back against the u.s. idea of this -- graphing resolution panels -- scrapping resolution panels geared new to the discussion is that canada wants to preserve its cultural industry, they want to prevent u.s. television programs and movies from infiltrating local markets. that is a new one and seems like a political issue for canada or they want to preserve their identity. vonnie: given that we are past the original deadline, does it seems like attitudes are hardening? it does not feel like we are breaking down barriers. it seems like we are going the other direction. minister always puts a positive face on the discussions. apart from that, we are not seeing any progress on main sticking points i mentioned. discussions are ongoing geared they say their positive. -- discussions are ongoing and they say their positive. if canada wants to join the deal with mexico, they have the -- to the end of th

the u.s. dollar and i mean the industry directly employs a rough one hundred forty thousand people and since there are so many banks across the border and so many cars are shipped to the united states it's one of our biggest exports and scott what is it about the proposed agreement that the canadians like there are so many there are so many things about this deal that kind of agrees with their changes to chapter eleven which the investor state to dispute resolution mechanism these things kind of supports the requirement to have forty five percent of a vehicle creations were produced by workers to make at least fourteen u.s. dollars per hour that's something that has introduced in previous runs a negotiation supported and certainly of the benefits canadian companies as well and the increase in production that is focused in north america to seventy five percent that's something that also benefits canada and the lack of hard sunset clause is something they agree with from a canadian perspective t

you had markets go quiten u.s. dollar terms significantly while u.s. turns -- the u.s.as positive. alix: what about cash? yesterday, killer, killer demand. hashes getting competitive. how do you handle that? >> it is a challenge for the market. 3% are competitive returns, so the flows into the market might be less than one expects. buybacks are so strong in the we don't see that as a major headwind for the market. is this the time to think about caution or go all out? things keep going up despite geopolitical and various roadblocks. >> we are still positive on a three-month view. have a positive long-term view. we are towards the end of the cycle, and you don't want to get to enthusiastic and put all your money in equities at this point. that 18uppose we knew months we think we could be in trouble. what does that do? how do you position yourself so you don't get burned and leave too much opportunity on the table? >> even having 50% or 60% of your money and equities can provide rate returns in the intermediate term, but can provide protection on the down side, because fi

but what the u.s. is doing now shows no sincerity and goodwill for found out soon that china's counter attack comes in response to washington's move to slap two hundred billion dollars worth of tariffs on chinese goods overnight on monday those duties are set to come into effect on the twenty fourth of september starting at a rate of ten percent rising to twenty five percent at the end of the year and targeting mainly consumer products ahead of beijing's retaliation president trump appeared to think the move was enough to force china to the negotiating table so china is now paying those billions of dollars in tariffs and hopefully will be able to work something out with i think they want to make a deal they don't want to make a deal but i can tell you they want to make a deal. but from our standpoint it has to be fair it has to take care of our workers but both a condom iis could now be losing room to maneuver aside from tariffs already implemented or imminent trump is also threatened further punitive

asian european and u.s. indices all falling this monday washington's latest tariffs have kicked in for two hundred billion dollars worth of chinese products beijing retaliating targeting sixty billion dollars worth of u.s. goods with extra duties. workers in a chinese factory making flags and banners for donald trump's reelection campaign in twenty twenty if you want an idea of the irony and complexity of the trade dispute between the world's two biggest economies here it is in a nutshell the dispute has escalated dramatically since this meeting between the american president and his chinese counterpart xi jinping almost a year ago so what's happened since then and what it meant for both economies let's take a look at last year the u.s. imported just over five hundred billion dollars worth of goods from china back in june trump imposed tariffs on fifty billion dollars worth of them as of today further duties of come into effect on another two hundred billion dollars worth of products. on the other side china

the west bank and gaza the u.s. has been the agency's largest donor a spokesman for the palestinian president called the move an assault against his people germany has pledged to increase its funding in response. well a spokesman for the un agency has also commented on the decision calling it deeply regrettable tama gunness rejected u.s. criticism that was inefficient and had failed to make reforms. we reject in the strongest possible terms just a few months ago the us administration was praising our institutional reforms we've been conducting a root and branch efficiency reform we've saved tens of millions for donors and the u.s. was among those donor governments praising us so it's hard to know where this is coming from except perhaps you should be asking for trouble but ministration whether or not they are actually politically instrument lies in. any respect or a correspondent in jerusalem we asked what the palestinian reaction had been to the u.s. announcement. well i mean there is a sense among palestinians tha

clearly and not just the u.s. but our allies in training partners around the world are are are seeing china and this two thousand and twenty five you know model that she has put in place is a threat of course it is because theft of of ip is is is clearly a violation of free and free and open market i think there are other ways to to deal with this than get rather than getting into a trade war but in this case it seems to be the only way that's that's going to get a body's attention i'm not sure it's being perfectly executed but jack my brings up some some interesting points but i think something clearly has to be done greg you say that u.s. consumers are going to be hooked by this what potential does this have to to damage china's economy and what leverage does china have in the talk about a bargain he was saying that he can't deliver on his promise the president trying to create one million jobs in the u.s. blaming the current trade tension. if the chinese president xi really wanted to up the stakes for the could