maging and washington are in for further progress in their trade talks but a ruling by the world trade organization could sour the mood among negotiators also coming up demonstrators in chile want widespread reform meanwhile many business owners just told they can keep their doors open and baked not fried. entrepreneur pushes to insects as the healthy snack of the future will give you a taste. on the program 1st though saudi arabia's state oil giant aramco is going public crown prince mohammed bin solomon has given the green light for a much anticipated initial public offering that's according to news agency waters. had been expected last month but was reportedly delayed to allow the kingdom to secure purchased promises from institutional investors details of the planned i.p.o. are still scares the formal announcement is expected later this week and. the world's 2 top economies seem to be edging closer to a trade deal on friday both the u.s. and chinese negotiators acknowledged meaningful progress in their talks had been made china even spoke of a consensus on principles the news comes as the world

beijing and washington report for the progress in their trade talks but they ruling by the world trade organization could sour the mood among negotiators also coming off that when strangers in chile want to widespread reform meanwhile many business owners just told they can keep their doors open and maybe not friday thai entrepreneur pushes the insects as the healthiest. anneka of the future tense you have back. i'm chris cuomo welcome to the program 1st though saudi arabia has stayed all giant aramco is going public crown prince mohammed bin solemn has been giving as given the green light for aramco is long awaited initial public offering that's according to news agency reuters the announcement had been expected last month but was reportedly delayed to allow the kingdom to secure purchase promises from institutional investors details of the planned i.p.o. are still scares the formal announcement is expected later this week and. now the world's 2 top economies seem to be edging closer to a long anticipated trade deal on friday both the u.s. and chinese negotiators acknowledged meaningful progress i

of activists gathered in seattle, washington, to shut down a ministerial meeting of the world trade organization grassroots organizers successfully blocked world leaders, government trade ministers, and corporate executives from meeting to sign a global trade deal that many called deeply undemocratic, harmful to workers rights, the environment, and indigenous people globally. on november 30, 1999, activists formed a human chain around the seattle convention center and shut down the city's downtown. amy: police responded by firing tear gas and rubber bullets into the mostly peaceful crowd. the protests went on for five days, resulted in over 600 arrests and in the eventual collapse of the talks, as well as the resignation of seattle's police chief. the protests were documented in the film "this is what democracy looks like." >> you have people here from all over. you have labor, environmentalists, teachers, children, coalitions between people of color in mainstream white americans. you have middle-class, working poor, poor -- you have everybody out here because this hurts people. this is bad for

in the world trade organization also has less authority than in the past. it was created in 1000. in 94 to regulate global commerce and at least in principle to create prosperity for everyone its rules were approved by 164 member states. bringing everybody here to chat about what it is we can do in a way which is amicable. in so far as trade can be discussed amicably these days these kinds of process seeds are what the deputy who was created to do. the w t o has been widely criticised because its policies have failed to benefit all of its member states. and the us under trump has mostly ignored it. from this day. it's going to be only. first. as the internet's an optimal international trade agreements are difficult to work out because each country is pursuing its own interests its trade policy and smushed on that can include restricting imports and increasing exports spawn much to. the w t o west created to establish fair trade policies that applied around the world but those policies can't be vetoed by any member state. many countries have lost patience with the situation and hav

ever since entering the world trade organization he blamed former governments for letting this happen the u.s. president also accused the european union of setting up trade barriers he considers unfair markets went up briefly after the speech even though investors were actually hoping for trump to announce some progress in u.s. china trade talks. and our financial correspondent on wall street. has been following those remarks for us hi whole series it's good to see you so what do we make of this speech investors seem to be quite disappointed not really hearing anything about the future of u.s. china trade relations. basically we will probably need a couple days or even weeks until we figure out event phase one of the trade deal with china will end up happening any time soon so far as long as trump does not implement of 15 percent duty center 15 investors will keep the optimism and the risk almost go away and so far we know there is to be in progress on intellectual property practices and currency issues a compromise had from china to generously increase it imports of u.s. i would cult

ever since and when the world trade organization is blamed for the u.s. government's for letting that happen american financial markets rose up to the speech despite no use of progress in the trade took. away is paying out more than $285000000.00 in bonuses to thank its employees for helping the company cope with u.s. sanctions the chinese take giant has been scrambling to remove american components for its products since it was banned from doing business with us firms in may while way has since unveiled an operating system it says can replace google's android. of course on a 1000000000 yen joins us from taipei william what have stuff done to when all these praise and those big bonuses. so ben since the e.u.'s ban came into effect a few months ago. research and development team actually have been working very hard to try to develop alternative chips to u.s. components while also trying to build up his own operating systems because these are very important measures to ensure the hallway can become technologically independent from the us technology because a

we have the eu helping out some of the steelmakers relative to the world trade organization.ice rally for the miners. vonnie: thank you for that. let's get to another exclusive interview from the bloomberg new economy tour in beijing. studzinski and why his firm is navigating uncertainty. john: what u.s. investors are looking at is volatility in terms of confidence. as long as the trade talks continue unresolved, they note the chief executives of u.s. companies are going to be reluctant to make definitive capital expenditure decisions. that is postponing investment, which could have an impact on earnings going forward. the u.s. consumer continues to spend, much in a spend, spend mode. ofare in a period volatility. the economy is slowing down. we don't see a recession in the next 12 months. anything that remotely represents any type of air pocket or disruption is going to cause a short-term challenge to confidence. for example, the big black swan what hasas been happened in hong kong. no one really predicted that. >> when you look at something like hong kong and the lack of op

now to some of the other business stories making news the world trade organization says china can slap the u.s. with over 3 and a half $1000000000.00 in saying and dumping case dating from the obama era the decision comes as white house adviser larry could negotiate is a very optimistic about reaching an initial deal in the u.s. china trade fight china has launched the world's largest 5 g. network its 3 state owned wireless carriers have switched on the next generation while as technology marking a milestone in the country's bid to become a global take leader. and the owners of google buying leading wearables electronics make a fit bit the $2000000000.00 deal will likely see alphabet bring a google branded smart watch your fitness track its market share and if it have risen 40 percent since rumors of the deal the most this week. south african company discovery is pioneering health insurance that uses customer and or boards program to encourage a healthy lifestyle it all depends upon how often you work out what you eat but are also means someone's always watching you. every sunday morni

measuring and washington word for further progress in their trade talks but a ruling by the world trade organization could sour the mood among negotiators also coming up demonstrators in chile want widespread reform meanwhile many business owners just told they can keep their doors open and make not fry a tight entrepreneur pushes to insects as the healthy snack of the future.

80 years after that thousands of seattle activists offered to take over again during the world trade organizations ministerial conference of 1909 fortunately though the police were in very appreciative. now and 2019 the people of seattle have moved to reassert power over their own elections in their own city by reelecting an open socialist they've sent a message to jeff bezos. that he can keep his money is going to need it after all for $1.00 tax season comes around reporting from the other washington and there's lee with redacted tonight. there are your headlines from the future as you know a believer you and senator has declared herself interim president despite not being elected to that position tomorrow in the new york times you'll read. people of bolivia finally freed from the tyranny of voting. and in doing show learn u.s. air force secretly filling outer space with trillion dollar malfunctioning of $35.00 fighter jets. and in 3 days joe biden pulls strings to get a hunter biden on board of california electric company p.g. and. that's our job we need to do something real quick we are being s

world's gross domestic product. china, you want to trade fairly? you have to trade with 80% of the world. we are standing shoulder to shoulder under the world trade organization. let's go by the rules of the road of trade. it is not one-on-one. we are stronger when we are leading the world and our allies together. host: i want to go back to what you said earlier about the presidency and the president. the current occupant, donald trump, your view of him is what? guest: i think mr. trump has forgotten what a leader is supposed to be, whether it is the captain of a ship or the commander in chief of the greatest nation in the world. leaders bring together people. they are ones that unite a crew. because it is also a leader who does not believe he is above accountability, because the crew of a ship is suddenly harmed or goes aground, the captain of a navy ship is relieved. but if it is not and the captain is above accountability, the crew loses trust, the ship disintegrates into chaos. that is what is happening to the united states ship of state. this president believes he is above accountability, from bad decisions, from incendiary language that divides and does

seattle 20 years ago this week, tens of thousands of activists shut down the world trade organization. democracy now! was in the streets of seattle in 1999. with in are look

stance on global issues such as that commitment to the paris crime agreement reforming the world trade organization joins us live now from brasilia money how is the unrest in other latin american countries not least the power struggle in bolivia they do affect this summit. well luckily brazil has managed to avoid much of the type of unrest that we've seen in countries like bolivia she and ecuador over the course of the past month but it's been brazilian president now those position as a right of center conservative leader that's put him at odds with russia and china specifically on the question of venezuela and it and most recently as you mentioned here the question of bolivia the resignation of president ever mortalities of bolivia was applauded by the brazilian leader but it was also referred to as the cuckoo by by russia so it does create a sort of division in terms of geopolitics among the brics leaders but it hasn't distracted from the general focus of the brics summit itself merion. rights some big issues to tackle here from trade in the economy to climate change what's likely to come out of

not since the world trade organization forward, to the most recent attempt at a deal. >> that's true,ou. lou: there is literally no exception. it's extraordinary to see this drum beat that has built up on wall street, the usual k street suspects and washington swamp suspects. it's also very important for us to understand how unlikely this is and what odds this president has taken on to try to reach a deal. first of all he's blown up the free trade orthodoxy and showed it to be the hollow falsehood that it is. you don't hear as a result of this president over the course of three years, he has driven the expression free trade out of the public arena because there is no defense for it. there is only a defense for a reciprocal balanced trade which is the essence of his trade policy and i know yours. >> one of the things this president will be remembered for historically is he has forever changed the narrative and understanding about china. it's an authoritarian communist country and it practices what i call the seven deadly sins with a state capitalist model. americans support this presid

when they reneged on every damn agreement they made not only from the world trade organization entryf china, but to hong kong and the 97 agreement as well. at some point we have to ask ourselves, which agreement that they reached with any western power have they ever honored? >> i think what the president is trying to do is set up a mechanism by which there will be legal consequences or tariffs. lou: if they have to be adjudicated or mediated within beijing, that's not very help new, is it? >> there will ba an office in washington, d.c. as well in case they have complaint they can bring it to our attention. i don't think we steal anywhere near what they steal from us. i don't think he's intimidated by these hardliners in china. that's why he said serve types recently the deal is not going to be 50-50 or equality. criticized president xi last week. he wants us to have a much bigger victory to make up for the sins and theft and pillages of our country. that's what he's focusing on very clearly. lou: he made that very clear. the question is whether the chinese have the sophistication to

trade fairly? you're going to have to be able or 80% of the 0% world. we're standing shoulder to shoulder with the world trade organization. now let's go by the rules of the road of trade. one-on-one. we're strong when we are with our allies together. to go back to what you said earlier about the presidency and the president. occupant, donald trump, your view of him is what? mr. trump has forgotten what a leader is supposed to be. hether it's a captain of the ship or the commander in chief of our military forces or greatest nation in the world. that leaders bring together people. they are the ones that unite a leaderecause it's also a who does not believe he is above accountability. of a ship is ew suddenly harmed or goes into -- goes aground, captain of a navy ship is relieved for cause, but if it's not, and the crew things the captain of the ship is above accountability, the crew loses trust in hat captain and the ship disintegrates into chaos. that's what's began to happen in the united states. unfortunately believes he's above accountability, for bad incendiary or language that divides and doesn't unite. this is a sim

claiming $1000000000.00 euros in damages plus interest and has filed a complaint with the world trade organization. this is piracy on an unseen scale and it's by no means harmless it reveals the rifts in the gulf and the conflict that has been destabilizing an entire every chance. for us to better understand this tension between tom e-mail fanny on the one side and mohamed bin salman and mohammed bin zayed on the other we have to go back several years. that is the real split in the region stems from the arab spring . i know you know. it's not so subtle to worry princes came to power after the start of the arab spring. funny in 2030. 2040 mm and mohammed bin simon in 2015 did you get all of these rulers into. did the arab spring and their political strategies relinquish its determinants. when the arab spring began the 1st reaction of the 3 countries saudi arabia qatar and the u.a.e. was to increase the salaries of all civil servants and. i think for the gulf monarchies. certainly for m.b.a.'s and for n.b.c. they are horrified by by the arab spring it's like man they're coming for us and we got it w

stance on big issues like that commitment to the paris climate agreement and reform of the world trade organization bonnie rapido is following the force from her center. some of the main points that we've seen over the course of the last 48 hours has been a reinforcement of existing policies existing politics within these 5 countries the 5 brics countries the strengthening of partnerships when it comes to international security anti-terrorism policies questions of climate change as you mentioned a few of the main points that came out of the plenary session today with the signing of a wide ranging document that's called the declaration one being a diplomatic point calling for a diplomatic solution to the crisis to the ongoing conflict between israel and palestine and another one reaffirming the country's commitment the 5 countries commitment to the paris climate change accord this is one that's especially important here in brazil given now to the president of brazil's previous stance saying that he would back out of supporting the united states in that regard backing out of the paris climate change

world. for decades, you saw corrupt politicians take money from lobbyists to impose catastrophic trade deals. mississippi lost 40% of all manufacturing jobs after the twin disasters of nafta and china's entrance into the world trade organization's, two of the worst deals ever made by our country. 100,000 mississippi jobs were wiped away, just like that. and that is awful and a big price to pay for washington's disloyalty to the american worker. that's what it was. this loyalty, stupidity, corruption. lots of reasons. but now you finally have a president who was loyal to you, and i am. i am a fighter for your job is, your wages, your factories, your families and your dignity. we are stopping china from ripping us off and stopping all of these other countries from taking advantage of the united states where we lose our money, we lose our wealth and we lose our jobs. that's not happening anymore. it's reversed. we were the sucker country for years and years but we are not the sucker country anymore and if they know it. we are replacing nafta and that was a disaster. with the brand-new u.s. and mexico canada agreement, if nancy pelosi will ever put it up to a vote which is questionable. nervous nancy. she doesn't want to give the p

starts on big issues and challenges like that commitment to climate change and reforming the world trade organization well those are the headlines i will have the news hour for you at $2100.00 g.m.t. so do join me then that's in about half an hour's time the kayleigh now continues. the alhambra. a muslim citadel palace. one of spain's most famous spawning winds. for more than 2 and a half centuries this palace in granada was the scene of the masters. the last muslim dentist in the iberian peninsula. now i'm back to sass a jack one door and you already know not study roads with a straight up any further up than the output lady or they say and really fight to the court of the law but in about a full circle she will not get to a pickle might they list if they'll know the truth either tonight i'm busy. in the early 8th century. muslims conquered most of the eye derian peninsula the province they called under see. her. but the compering on me was on able to drive home their success. the remnants of the former rumors the physical fights took shelter in the mountains in the north. of the cult of the water t

we are looking at the world trade organization.lance of power" on bloomberg television and radio. ♪ bloomberg television and radio. ♪ when it comes to using data, everyone is different. which is why xfinity mobile is a different kind of wireless network that lets you design your own data. choose unlimited, shared data, or mix lines of each and switch any line, anytime. giving you more choice and control compared to other top wireless carriers. and now get $250 off when you buy a new samsung phone during xfinity mobile beyond black friday. plus, you can save up to $400 a year. click, call or visit a store today. lisa: i'm lisa abramowicz. welcome to bloomberg money undercover. valuable insights into alternative investments, inside the world of private debt, equity, and real estate. let's go straight to the burning issues in private markets. banking on illiquidity. concentrated bets on risky companies. cross-border trade. looking at the state of asian investment in u.s. real estate. and we speak with the chief executive

administration doesn't recognize the legitimacy of an organization, doesn't really matter what the world trade organizationecides about the u.s.? will the u.s. even pay this fine? tom: we've already seen very clearly from trump and lighthizer the concern that the wto is just not fit for purpose in a world where they see china as engaging in very abusive practices. here we have the wto deciding the rights and wrongs in this particular case, ruling in kind of savior at a really critical moment. wto underrt for the this of administration is already quite low. following this, it can only drop further. what that means is a world in which the u.s. engages in more bilateral trade disputes, and the chances of orderly wto facilitated, multilateral solutions to some of the big problems goes down further. thanks very much indeed. useful update. tom orlik joining us from washington. this is bloomberg. ♪ ♪ guy: from london, i'm guy johnson. vonnie: from new york, i'm vonnie quinn. this is "bloomberg markets." traders bracing for swings in the rand as moody's, the only country still to assess south africa outside junk,

world. for decades you saw corrupt politicians take money from lobbyists to impose catastrophic trade deals. mississippi lost 40% of all manufacturing jobs after the twin disasters of nafta and china's entrance into the world trade organization. jobs were wiped away just like that. that's awful and a big price to pay for washington's disloyalty to the american worker. that's what it was. it was disloichlt stupidity. corruption. lots of reasons. but now you -- disloyalty. stupidity. lots of reasons. but now you finally have a president who is loyal to you, and i am. i'm a fighter for your jobs, your wages, your factories, your families and your dignity. we're stopping china from riching us off. we're stopping all of these other countries from take -- from ripping us off. we're stopping all of these other countries from taking advantage of the united states. we lolose our money, we lose or jobs, we close our factories. that's not happening any more. it's reversed. we were the sucker country for years and years, but we are not the sucker country any more and they all know it. we're replacing nafta -- and that was a disaster, nafta. with the brand new u.s.-mexico-canada agreement if nancy pelosi will ever put it up to a vote, wh

in particular since china's entrance into the world trade organization, in 2001, no one has manipulatedumbers better or taken advantage of the united states more. i will not use the word cheated. cheated,t say the word but nobody has to do better than china. i will not say that. we will say that off the record, ok? only about 600 cameras back there. that is a big group. i hope you use it, it is true. they understand it is true. i don't blame china. i blame leaders. we should have been doing what they were doing. they did it to us, we didn't do it to them. we didn't have leadership. this is long beyond the obama administration. isent this to president xi, was making a speech in china, 5000 people in front of me, and i was talking about how bad china was. i said this is not going over well. i looked down at president xi and he was sitting right where larry is -- not as imposing a figure as larry kudlow -- but i said i think he is getting very angry. then i realized, how do we save this? this will be a disastrous afternoon. i said but i don't blame china, i believe our leaders. then i real

[no after the twin disasters of nafta and china's entrance into the world trade organization, which wasrible thing. one in manufacturing jobs held four by african-americans were totally gone. in the last three decades, 27% of all manufacturing jobs were lost in milwaukee, cleveland lost 42%, date lost 44% philadelphia lost , 74%, but under this administration the days of shipping american countries iseign ended. they are all coming back. this happening this year. 10,000 plants are being opened in the united states since we took over. 60,000 have been lost prior to that. on behalf of african-americans and all americans, we are now putting america first. we are have had it. we are standing up to the decades of chronic chinese trading abuses and replacing the nafta catastrophe, with the new a giant victory for one. farmers and manufacturers from coast-to-coast. the do-nothing democrats which is what they are. i have come up with that name. i i don't think they like it very much, but who cares. we can't beat him, so let's impeach him. good idea. the do-nothing democrats are blocking the vot

foura lost one manufacturing jobs after the disasters of nafta and china's entrance into the world trade organizationst leaders did not care one bit what happened to those louisiana communities because they were getting rich by sacrificing your wealth to other countries. you remember -- we talk about it all the time. but under this administration, betrayal is over. america is no longer for sale. [cheers and applause] thanks to my tariffs, we are taking in billions and billions of dollars from a country that never gave us 10 cents, china. if we ever let the radical democrats take over negotiations with china? wouldn't be too good. let's get hunter to do it, right? come on, hunter. come on, hunter. let's see how you do, hunter. china would love it. more than anything else, they would love to be dealing with a different president. they actually do like me, but they do not like me when i'm doing to them -- they are having the worst year they have had and 57 years, but it's not going to happen that way because we cannot let our country go back to the days of beginning ransacked and plundered by other nati

four manufacturing jobs after the twin disasters of nafta and china's entrance into the world trade organization. past leaders did not care one bit what happened to those louisiana communities because they were getting rich by sacrificing your wealth to other countries. you remember, we talk about all the time. but under this administration, the great betrayal is over. america is no longer for sale. [cheers and applause] thanks to my tariffs, we are taking in billions and billions of dollars from a country that never gave us $0.10, china. can you imagine if we ever let the radical democrats take over in negotiations with china? it wouldn't be too good. let's get hunter to do it, right? come on, hunter. come on, hunter. let's see how you do, hunter. china would love it more than anything else. they would love to be dealing with a different president. they actually do like me, but they don't like me when i am doing exactly to them -- they are having the worst year they have had in 57 years. but it's not going to happen that way because we can't let our country go back to the days of being ransacke

i think for the last few decades, ever since china was allowed in the world trade organization, therehat other freedoms would follow and we haven't seen that in china. we haven't seen a discontinuation of the human rights abuses, the persecution of religious freedom we've continued to see intellectual property theft and we've continue to see them operating in the way that the communist party of china always operated but if you actually look at the vice president's remarks, he went through this very carefully with the president we highlighted all of those abuses, but the vice president very clearly said, for those of you who think we're trying to decouple from china, absolutely not. we're looking to negotiate with china. we're looking to work with china. but it means we also have a realistic view of what the future holds and it's not a naive notion that if you just allow more trade and you allow them in the world trade organization, that all of a sudden china will change we haven't seen that in 25 years. and instead, they've become a greater national security threat to the united state

after the twin disasters of nafta and china's entrance into the world trade organization, which was ae thing for us, one in four manufacturing jobs held by african-americans were totally gone. they were extinguished. in the last three decades, anyaukee lost 27% of all fracturing jobs. cleveland lost 42%, dayton lost 74%.hiladelphia lost under this administration the days of shipping american jobs and wealth to foreign countries is over. it has ended. they are coming back here. they are all coming back. you see it. plants are being opened in the united states or have been since we took over. 60,000 have been lost prior to that. think of that, 60 thousand. on behalf of african-americans and all americans, we are putting america first. it is a really good thing. in other words, we have had it. we are standing up to the decades of chronic chinese trading abuses and replacing the nafta catastrophe with a new u.s. mca, a giant victory for farmers and ranchers and manufacturers from coast-to-coast. the do-nothing democrats, which is what they are, i came up with that name, i don't think they