year and a half 2 years but we're going to definitely see on this so let's bring in professor richard wolffe economics object to add a little bit of his insight here because he's one of those guys that christie was just talking about a professor i want to follow up on that same note that we just talked about there where do you see things when it comes to actually doing phase 2. well between you and me and the lamppost i don't see much happening i don't see much has happened here either i think this is 95 percent see after it's partly for the trumpet administration because they initiated all of this but partly as you correctly say for the chinese also to look as though 'd they're cooperating they're not interested in being a problem a position by the way which they have successfully promoted around the world where this is entirely seen as an american initiative an american commitment to protectionism not at all. blaming china and that by the way in the long run is a very very important gain for china it has taken over from the united states the position of being the reasonable global world ec

of was a long negotiation process there's a lot to break down here and we're excited to have richard wolffe host of economic update on here to help us cut through the smoke and dig through the details. and while we have seen a breakthrough on the trade front the tension is still present in the tech sector and the race but we take a look at the latest battleground in the telecom fight taking place in the united kingdom so much to get to and so little time let's go. despite this touted as a quote a landmark signing of phase one between president and vice premier a little the markets are still on enthused phase one has pretty much been priced into the market already so if anything additional detail starts to take the steam out of the rally and it came of the surprise that existing u.s. tariffs on chinese goods will stay in place even after the deal is signed bloomberg reports that the 2 sides have an understanding that no sooner than 10 months but u.s. will review the progress and potentially additional terrorist affected $360000000000.00 worth of chinese imports this period of review is meant

role of prime minister which he has accepted so we're going to bring in bring back a presser richard wolffe right now host of economic update back in to break this all down a professor wolf what do you make of this resignation of the russian government or what are we seeing here. well i think we are seeing an adjustment inside russia to the new and different global situation that they face they want to make some changes economically they have done really quite well they are looking at exports of energy to western europe far larger and more lucrative than what they had as little as a few years ago all their strategy which in part they chose in part was full forced on them did not depend russia on exports of non energy goods the way for example the chinese economy is dependent on exports of manufactured goods so they. i haven't been hurt as badly as germany has and other countries have the united states included by this trade war it's kind of a peculiar moment for them and i think they're looking at a new and more powerful and economically more secure situation in the world you see that they'

we take a look at the big picture of the oil sector and several other market moves with richard wolffe the host of economic uptick plus as to develop the seat of light the latest updates are on sell as a consumer electronics show in las vegas or a boom bust rent a board on the ground to catch us up on the floor of the field and just how far they are and how we are filled to the brim with some very important stories so let's dive right in. following iran's missile strike on the bases in iraq that house u.s. and u.k. troops markets initially dropped while oil spite but quickly retraced back to even as details emerged the pentagon later confirmed that iran launch more than a dozen missiles against u.s. military forces in iraq but so far there were no reports of casualties the attack did not target any oil infrastructure which was a major point of concern for global markets in fact the nasdaq rallied to new record highs wednesday following the attack as a was highly asian was less than feared while crude oil retreated down 2 percent president trump addressed the spikes wednesday morning in

and there's a lot to go over here and for expert analysis we are joined by professor richard wolffe host of economic uptick richard thank you so much for joining us today. glad to be here and others a time to go over here and i know as i was saying there with the world trade organization. kind of been hamstrung by the trump administration they haven't been naming judges to the appellate body they're supposed to be 7 they need 3 to make rulings right now there's only actually one. and it's not a particularly popular organization but professor wolf what do you make of the president's comments about not being treated fairly by the w.c. oh. well i think it's a consistent message that he has been giving out even before he became president his posture which i believe is designed to get him reelected is that he's protecting the united states from the mean nasty foreigners who are taking advantage of us he's going to correct the misbehavior of past presidents who weren't vigilant and tough enough the way he is.

and there's a lot to go over here and for expert analysis we are joined by professor richard wolffe host of economic uptick richard thank you so much for joining us today glad to be here and others a time to go over here and i know as i was saying there with the world trade organization. it's kind of been hamstrung by the trump administration they have been naming judges to the appellate body they're supposed to be 7 they need 3 to make rulings right now there's only actually one. it's not a particularly popular organization but professor wolf what do you make of the president's comments about not being treated fairly by the w.c. oh. well i think it's a consistent message that he has been giving out even before he became president his posture which i believe is designed to get him reelected is that he's protecting the united states from the mean nasty foreigners who are taking advantage of us he's going to correct the misbehavior of past presidents who weren't vigilant and tough enough the way he is this is not a very subtle message he went after the canadians and the mexicans around naf

and with more we welcome richard wolffe host of the economic update so richard as we face an uncertain future we always try to find comps to see how historically we've weathered the situation so right now the current outbreak is spreading faster than sars which cost the world billions in the aftermath so how big of a hit will this be to the market and could this potentially be the catalyst that triggers a global downturn. let's separate those 2 questions it's very hard to know as you indicated how bad this thing will get the fact that it's bad at the beginning is a negative sign but the remarkable action of the chinese government i mean to basically quarantine an entire region to put i believe 50000000 people into a kind of special situation that minimizes contact that's an extraordinary response bigger and faster than what you've seen in the past to things like this so we're going to have to wait and see whether the response is able to contain or at least limit the damage that is done number one number 2 it is already having an effect as you point out with airlines tourism and so on b

the radio show you can only go up to richard wolffe drawing on his boom bust team stateside to discuss the phase one deal he doesn't see any real benefit for america but will revel in what the president feels is a big victory. 95 percent theatrical partly for the trumpet ministration because they initiated all of this the united states uses the opposite side the role of the dominant benevolent global world economic power mr trump whether you like him or not has lost that position for the united states and given it to china giving him spend months for a decision about continuing and maybe 2 years for the purchases by the chinese that are being talked about that's more than enough time for china to do and to plan to do many things that can undo the effect of tariffs if the chinese figure out ways to keep in their goods well then they become competitive again even with the towers and they've already been doing that in the last 12 months and that is a long term competitive advantage to them. poll suggests a 3rd of young americans are more likely to consider other countries to be better tha

we take a look at the big picture of the oil sector and several other market moves with richard wolffe the host of economic a. lot as to develop a sheet of light the latest updates are on show as a consumer electronics show in las vegas or a boom bust rent a board on the ground up on the floor shield and just how far have we are filled to the brim with some very important stories so let's dive right in. following iran's missile strike on the bases in iraq that house u.s. and u.k. troops markets initially dropped while oil spite but quickly retraced back to even as details emerged the pentagon later come for an iran launch more than a dozen missiles against u.s. military forces in iraq but so far there were no reports.

me take a look at the big picture of the oil sector and several other market moves with richard wolffe the host of economic uptick plus as they develop a bit of light the latest updates are on sale at the consumer electronics show in las vegas or boom bust ready to board on the ground to catch us up on the floor of the field and just how far a i have come where filled to the brim with some very important stories so let's dive right in. following iran's missile strike on the bases in iraq that house u.s. and u.k. troops markets initially dropped while oil spite but quickly retraced back to even as details emerged the pentagon later come for and that iran launch more than a dozen missiles against u.s. military. forces in iraq but so far there were no reports of casualties the attack to not target any oil infrastructure which was a major point of concern for global markets in fact the nasdaq rally to new record highs when day following the attack as a retaliation was less than feared while crude oil retreated down 2 percent president trump address a spikes wednesday morning in washington

ford was president of straw mark consultants and university of massachusetts professor emeritus richard wolffe well come i by self to the amazement of several high school teachers am a college graduate but i've may never learn what my plumber do. richard will vocational trades always be a safe career ben. no i mean the harsh but necessary truth is. they never were they often were ways of getting a decent job for some but we have been automating at a higher and higher rate for a long time now the artificial intelligence people that i talked to indicate that an awful lot of jobs we now take for granted will as has happened so often in the past be gone soon it's a kind of tsunami we're worried about but don't know what quite to do about it in our capitalist system where we rely on private investment to deal with these overwhelming social problems so the short answer is no it's not a guarantees not a reason not to do it but it's not a guarantee of a good job absolutely not well we already spend our day interacting with robots one of my sisters is a now retired to a dental hygienist and she was sti

truth sir and i want to thank you always for coming on and so it's indeed not to have you on mr richard wolffe always a pleasure sir. thank you good to be here. all right as we go to break court watchers don't forget to let us know what you think of the topics you cover the social media be sure to check out watching the heart of the podcast apple music spotify and everywhere you listen to your favorite and as you know not so favorite podcast coming up former congressman alan grayson joins us to discuss the state of the impeachment of u.s. president donald trump and the television theatrical surrounding it stay tuned to watch in the fall. and we're going to fulfill the repeated promises apologies to the people and come on you know we've all pots to. be really really really. pretty good. now you want to 1st correct that. no. ball be cut cut cut. cut cut. you know one of the best charts greatest charts i've really been studying for years now i don't know exactly how we're going to get into this but i just want to mention right here at the top it's the money velocity chart. the money velocity char

truth sir and i want to thank you always for coming on and so it's indeed not to have you on mr richard wolffe always a pleasure sir. thank you good to be here. all right as we go to break card watchers don't forget to let us know what you think of the topics to cover the social media and be sure to check out watching the hawks the podcast does al bailed on apple music spotify and everywhere you listen to your favorite and as you know not so favorite podcast coming up former congressman alan grayson joins us to discuss the state of the impeachment of u.s. president donald trump and the television theatrical surrounding it stay tuned to watch for the whole. show seemed wrong. wrong just don't call. me that you have to shape out these days become active. and engaged equals betrayal. when so many find themselves worlds apart we choose to look for common ground. join me every thursday on the alex simon show and i'll be speaking to guests of the world of politics business i'm showbusiness i'll see that. by now unless you've been living under a rock which i can understand why you'd want to be living

important player than it has been since 1909 and the collapse of the old soviet union professor richard wolffe of fear of understanding socialism thank you for breaking this all down for us we needed it today. my pleasure thank you. as wall street analysts initiate coverage on saudi aramco most agree that the upside has already been priced in and issued a neutral rating all except j.p. morgan christian malar issued an overweight rating with a price target of 37 reales representing a 6.6 percent from current levels new is predicated on stephan growth outlook and iran goes ability to sell oil at a premium it also has a lot of debt to equity ratio which will allow it to distribute a higher percentage of cash flow now saudi's production capacity is rising from 15000000 from the current 12000000 citing increased appetite by the kingdom to regain its share of global oil demand as the entire oil markets tighten meanwhile saudi aramco speer abu dhabi national oil company is also slowly fund raising add nok is seeks to reform and modernize similar to iran co and has raised more than $19000000000.00 ove

that we take a look at the big picture of the oil sector and several other market moves with richard wolffe the host of economic uptick plus as continue to develop a speed of light the latest updates are on sale at the consumer electronics show in la.

truth sir and i want to thank you always for coming on and so it's indeed not to have you on mr richard wolffe always a pleasure sir thank you good to be here. all right as we go to break court watchers don't forget to let us know what you think of the topics you cover the social media be sure to check out watching the heart of the podcast available at apple music spotify and everywhere you listen to your favorite and as you know not so favorite podcast coming up former congressman alan grayson joins us to discuss the state of the impeachment of u.s. president donald trump and the television paediatric surrounding it stay tuned. it seems like 2016 all over again bernie sanders is popular in doing well in the polls and the democratic establishment along with the donors are nervous they're centrist politics is fraying now throw in identity politics the problem for bernie this time around apparently is that he's not inclusive enough is a democratic primary being rigged again. but we've also discovered that there are genes in our bodies that protect us from a gene we call these longevity genes and