to break it all down and bring us up to speed on this and a host of other issues is professor richard wolfe professor of economics and there are just at the u. university massachusetts amherst and the author of democracy at work a cure for capitalism professor wolfe welcome back as we said thank you there seems to be some small movement here with china showing some flexibility on their tariffs the news here that they've issued exemptions for 16 type of imports starting in on september 17th 12 of those products are now already eligible are now eligible for retroactive refunds on tariffs already paid. the bill for a lot of that is already coming due moody's analytics estimated that the trump trade bite has already cost the u.s. $300000.00 jobs net that's existing jobs that were cut jobs that would have been created but we're told by the effect of the terrace so does that estimate of 300000 jobs lost sound right to you and how much of an offset are these tariff exemptions going to be. well i think the estimate is honestly an underestimate we don't know what all the secondary and tertiary effec

and now to give us their take on the turmoil in argentina and italy we welcome back richard wolf and peter schiff. now peter the results of the election we just heard the political maneuvering we just discussed in italy the 5 star ballot was actually quite strong but this isn't enough to give investors confidence in this new coalition it's a lot of shuffling chairs but only still has a 2nd largest debt burden in the e.u. will they be able to be able to deliver an acceptable budget. well you know i wouldn't have any confidence at all in. earning money to italy or any other of these european nations at the low rates of interest that are currently being offered i mean they don't reflect the type of inflation that the eurozone or the rest of the world is likely to experience based on the amount of money that is now being created by central banks and how much money they're going to create in order to artificially suppress interest rates so they can continue to pretend that they can service an enormous amount of debt that has been piled up so nobody should be buying any of these bonds they

joining us now to once again orient us to the global event economic events of the day is richard wolfe professor emeritus of economics at the famed you mass amhurst and author of democracy at work a cure for capitalism richard wolffe professor wolf there is so much to get to here since we saw you last but 1st. let's go to the u.s. central bank the federal reserve which as expected lower the target range on the key federal funds rate by $25.00 basis points wall street seems to be giving another thumbs down on the rate cut so looking at this let's go to. let's go to the jay powell explaining the fed's choices they're cutting rates to boost the economy but here's what a poll said recently about the state of the u.s. economy. so we're not forecasting we were expecting a recession as i mentioned incoming data for the united states suggests that the most likely outgoing outcome i would look for the united states economy is still moderate growth a strong labor market and inflation continuing to back up i went through the numbers so the consumer is in good shape and really there's there's. our

to break it all down and bring us up to speed on this and a host of other issues is professor richard wolfe professor of economics and there are just at the u. university massachusetts amherst and the author of democracy at work a cure for capitalism professor wolfe welcome back as we said thank you there seems to be some small movement here with china showing some flexibility on their tariffs the news here that they've issued exemptions for 16 type of imports starting in on september 17th 12 of those products are already eligible are now eligible for retroactive refunds on tariffs already paid. the bill for a lot of that is already coming due moody's analytics estimated that the trump trade fight has already cost the u.s. $300000.00 jobs net that's existing jobs that were cut jobs that would have been created but we're told by the effect of the terrace so does that estimate of 300000 jobs lost sound right to you and how much of an offset are these tariff exemptions going to be. well i think the estimate is honestly an underestimate we don't know what all the secondary and tertiary effects

our panel featuring writer richard wolfe and peter schiff of euro pacific capital to get through it's a major story back in the world of finance. to take a look at global instability and how it's impacting both investor and consumer particularly on the doorstep of what could be the largest i.p.o. in history. and then in the 2nd half of the show we dig into the state of global bond from south america to the e.u. and what's the latest move in the sector for the global market at the top the very moment the global economy but we're here to help you keep calm and carry on with the latest let's go. on chief executive kerry lamb on wednesday formally read with through the extradition bill that has been at the center of the protests and riots this summer 1st the government will formally withdrawal the bill in order to truly a lay public concerns foremost priority now is to end. to safeguard the rule of law and so restore order and safety in society as such the government has to strictly enforced the law against all violent and illegal acts. stocks in hong kong for more than 3.9 percent with s

joining us now to once again orient us to the global event economic events of the day is richard wolfe professor emeritus of economics at the famed you mass amhurst and author of democracy at work.

goods professor richard wolf is on hand to break down the breakthrough and how much trade war pain is still in the pipeline for the u.s. economy plus we take you back to singapore for our very own christiane who's mansion catch up with mike. an expert in the singapore telecom industry will focus on 5 g. and how asia is leading the way for the world so much important news an interesting content so little time. a game changing merger proposal between 2 major global stock exchanges leads are global report today as hong kong exchanges in clearing makes a takeover bid of $36600000000.00 for the london stock exchange the offer was specified as 83.61 pounds in cash and stock per share of alice's stock in a filing by hong kong exchange president laura chachi may long the chairs filing also stated a combination of h k e x n l a c represents a highly compelling strategic opportunity to create a global market infrastructure group bringing together the largest and most significant financial centers and asia and europe there is also a significant cause to the unsolicited bid in the filing hong kon

getting takes on this from guess almost every day with this week we heard from peter schiff and richard wolfe on this what's your diagnosis prognosis and prescription on this recurring issue in the money markets. thank you for ask me the question i tend to think that everything's the that the worry is a little bit overwrought on this on this repo issue there are other reasons that are going on besides besides liquidity issues there's certain quit such as that are happening that are causing these kinds of interventions and i don't necessarily think we're talking about q.e. 4 here and that's ok but what it does indicate there's no question the markets are worried about a bit here's the problem everybody is getting extremely jumpy right now so the slightest little disruption or anything that happens out of the ordinary everybody started screaming oh my god oh my god you know the world's the world's falling apart i think the reason for that is the global slowdown in growth caused by very clearly the trade situation so it's made everybody extremely jumpy the downgrade the of growth has created a s

wolf? >> all right. jessica, thank you. joining us now, senator richard blumenthal. he's a democrat and serves on the armed services and judiciary committees. i'll talk about justice kavanaugh in a moment. but let's talk about saudi arabia first. have you been fully briefed on what the u.s. knows about this attack against the saudi oil facilities? >> there is a lot more that i want to know. the simple answer is, congress has not received a full briefing. it should, because there's a lot of evidence we need. and the main point is the president must come to congress for authorization before he pursues military force. >> do you think iran was responsible? >> there's a lot of evidence that points toward iran as being responsible, in one way or another. out of furnishing the arms that were used, possibly even launching the missiles or drones, but we need to act, if we do militarily, as a last resort. we need to pursue diplomacy first. >> as a member of the armed services committee, what kind of evidence would you like to see that would be credible, believable? >> we need

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richard nixon which had a similar citation saying he obstructed congress. they say they will not get into this protracted legal battle. watch for that to play out. wolf, adam schiff tells me he's preparing for a busy a couple of weeks. hearings, subpoenas. we'll see what information they ultimately glean. >> manu raju on capitol hill, thank you. >>> president trump has unloading on twitter. let's go to our chief white correspondent jim acosta. the whistle-blower has become one of the president's top targets. >> reporter: that's right, wolf, president trump is continuing to lash out at the whistle-blower complaint that's launched these impeachment proceedings. the president stayed behind closed doors for most of the day as the white house wrestles with whether it's time to start setting up a team to advise him and counsel him on his strategy and so on. they believe the ukrainian investigation is getting worse for the president, more than usual. taking cover in his social media bunker, president trump is painting the mysterious whistle-blower as a turncoat who can't be trusted, tweeting, he hadn't a whistle-blower at all. in addition, secondhand inform