this is the first had of the imf to grow up ina the first had of the imf to grow up in a developing economyer the imf at a time when the global economy is slowing.|j over the imf at a time when the global economy is slowing. i assume my position fully aware of the challenges we face. global economic growth continues to disappoint, trade tensions persist, and debt burdens are rising in many countries. ms kristalina georgieva has been known to champion the causes of climate change, she takes over from christine lagarde causes of climate change, she takes overfrom christine lagarde and causes of climate change, she takes over from christine lagarde and will be the second female boss at the trillion dollarfund. let‘s turn now to international trade, and the us and japan have outlined initial details of a new deal. let‘s go to our asia business hub where mariko oi has been following the story. so, what more do we know about this deal, then? well, ben, there is still more work to r&r a broader agreement, but at least president trump and by minister abe have managed to announce they reached a deal

more accommodative policy and more from that interview with christine lagarde stepping down from the imf taking the top job of the ecb president in november take a listen to her view of the u.s. economy right now >> it's the longest period of growth in our country. the unemployment numbers are at rock bottom. it's in a very good place. >> her thoughts on trade, china, and the likelihood of a global recession all coming up. first, mark tepper, ceo of strategic wealth partners, welcome back you've been surprised, impressed at the resilience of the market during september, which is not seasonally a very strong month >> september a usually a very sleepy month historically. it's down somewhere between half a percent and a percent, but so far this month, we're up about 2%, so that's pretty good. i feel like we're in a tina situation, where there's really no better laplace to invest your monday yields have come down on bonds it's really not interesting to invest in the euro zone. >> tina, there isno alternative. >> there is no alternative u.s. stocks are where it's at. i wouldn't say it's an al

but did i ever think i would be head of the imf? thing i was certain of is that i would be a lawyer. >> do you think the head of the ecb is going to be a tougher job than the head of the imf >> i wouldn't bet on anything now. i thought when joining the imf it would be easier than being finance minister and i don't think it was. >> i think you're walking into a very difficult job and i think that is what most people think europe is on the brink of recession. it's gone all in in terms of monetary tools i don't you don't want to talk too much about the ecb but i'm wondering how you're feeling and whether it's a daunting task being one of the most powerful central bankers in the world at a critical time. >> i like daunting tasks and i'll do the best i can and we'll see from there >> what do you think is going to be your biggest challenge? >> what i want to bring is my capacity to develop team work. to instill team spirit to speak with one voice. and to inspire confidence in whatever we do so i'll do that the best i can >> do you think t

and how is she going to influence the imf.on she follows another woman of course, what is her particular influence going to be do you think? yes, it will be very interesting to watch how she uses those issues, or champions those issues that she's become known for her and her role at the imf. yes, she has been known for really putting the case for gender equality and women's rights earlier in the air, she said something like, if women have equal opportunities to reach their full potential, the world would not only be fair, it would be more prosperous as well. so very interesting, and given the current debate on climate change as well, to see how she applies those values to her role leading this huge trillion dollarfund. values to her role leading this huge trillion dollar fund. indeed, we will watch and see what mark she makes on this. many thanks, vivian, for the time being. now i want to go back to one of our major stories of course, does make big stories are today, what's going on with donald trump, but what is happening in

how is that progress happening, even as a talks with bodies like the imf? theythe provincial side rely mostly on the transfer from the federal government. the imf stops putting money for the federal government, of course, they will have an important hit there. amanda: thank you so much for that. we appreciate that. some breaking news to bring you. seems to be the latest corporation to hit the bond market. for the first time in two years, apple is considering up to $7 billion in a new bond issuance, ranging in terms from three years to you 30 years. this follows companies like deere and disney capitalizing on the appetite for high-grade corporate. coming up from the war on drugs, to a multibillion-dollar material --speak to maria cattaui about the dramatic shift happening around the world about cannabis. this is bloomberg. ♪ shery: this is "bloomberg markets." i'm shery ahn in new york. amanda: i'm amanda lang in toronto. the it comes to drugs, global mindset has shifted dramatically over the past few years, from the war on drugs to the legalization and now

argentina receiving the bigest imf gailout package in the history of the imf.acked bit s. dollars. $57 billion. it's about to get $5 billion more. here is the question. why are we spending all this money on countries embracing socialism? they can't get out of their own way to continue on with the capitalist theme. why is anyone embracing elizabeth warren and bernie sanders back at home. this is a country that's on the brink of disaster, the brink of bankruptcy. it has been bailed out to the tune of $57 billion. walk us through how precarious this is and how fearful markets are that another socialist will wind up back in buenas aires in the presidential palace. >> this is what it looks like when the country doesn't have the stable legal and accounting system we have in the u.s. when you have politicians that think favoritism and graft sometimes are okay it's a great example of what happens when the population starts to wonder whether socialism is a better alternative. trish: they have been through this before. don't forget it's been rescued, the country of argen

to the imf forecast.hey forecast growth of about 3.5%. she said the tensions are weighing clearly on the global economy. take a listen. these trade tensions are a big factor that has been weighing on growth going forward. the sooner this can get done, the better. tom: and the imf chief economist saying for now, most pressure is being felt by china versus the u.s. in terms of trade tensions. we have seen the state council here, china's cabinet hearsay pressures are mounting on the economy, calling or the central bank to cut those reserve ratios for the banking sector, and of course, we have had other measures outlined by policymakers to support the economy in terms of the likelihood of any significant movement at these talks, an economist at maybank said no one is holding their breath. china correspondent tom mackenzie, thanks for joining us. still to come, wework getting to work on its investor roadshow. we look at the appetite for its scaled-down ipo. but first, rebecca felton says their investment strat

the imf will be meeting here's our briefing on some of the key events happening later.eting to discuss the appointment of ex—imf chief christine lagarde as head of the european central bank. next to geneva, where un experts will be presenting their latest findings on rights abuses in myanmar. and finally, beijing will be unveiling its mascots for the 2022 winter olympic and paralympic games. an american woman is attempting to make history by swimming across the english channel four times non—stop — 135 kilometres in total — and this morning, she's only got about two or so kilometres left to go. sarah thomas, who's 37, has been swimming for more than 50 hours and is on her 11th and final crossing heading back to dover. she's expected to arrive shortly. let's get the very latest and speak to kevin murphy, who has swum the english channel 3a times himself, and who's on the boat accompanying sarah and observing her progress. kevin, thanks for being on the programme. she hasn't got far to go now, how is she doing? you said she hasn't got far to go, but you join us hasn't got

argentina has been talking to the imf about their september monetary policy target.e that is important but that seems so minute compared to what the heck are you guys going to do? david: obviously fundamental problems that started when the president lost the primary election. that was a good indication he would not win the general election later this year. the market started to get worried because he was more market friendly. the opposition is more loose with the budget. from a bond perspective, they are worried about the money being paid back and that is what you are seeing now. capital outflows last week. they impose capital controls. from the near-term impact, we are seeing some -- with the labor day market america, it is very thin. argentina rallied to 56. i think the key thing comes tomorrow when the markets return to america and how do they penalize them? you may see some short-term gains but at the end of the day, the problem is you have to solve this ability to repay the debt and that is what the market is focused on. paul: bloomberg asia rates and fx reporte

if you go back and look at what happened, virtually the entire free world was putting pressure, the imf, the entire western alliance was putting pressure on the ukraine to say, you have to do something about your corruption. you need to do something about this. this is not joe biden doing something that was freelancing this had nothing to do with the investigation into his own operations. so again, this is the alternative reality, unfortunately, that we are living in. this is why i think it is incumbent on congress to do something, to create maybe this select committee, because you cannot wait for the special prosecutor. the department of justice will not lift a finger. this is up to congress. and congress has to decide what is its constitutional responsibility. is the president above the law? will he ever be held accountable for his conduct? because if you have a president of the united states who is in effect betraying the national interest of this country, colluding with a former -- foreign country to dig up dirt on his opponent, that is a big deal. republicans should recognize that

this was the position that virtually the entire western alliance was taking, the imf putting pressure on ukraine saying if you want to get more aid and loans, you're going to have to deal with your chronic and notorious problem of corruption. if you look at the timeline, this has nothing to do with his son. this has nothing to do with an investigation into his son or members of his family. but again, if you take that out of context, it can be made to look like undue influence. everybody needs to step back for a moment and remember that donald trump's campaign used to be headed by paul manafort who was up to his knees in ukrainian corruption. so irony is dead in the era of trump. but for donald trump to be concerned about iranian corruption is highly ironic. and all of this is an attempt to turn the attention from the sitting president of the united states had a phone conversation that, according to the "wall street journal," included his attempt eight separate times to pressure the ukrainian president into digging up dirt on his political opponent and to work with his private attorney

i listen carefully to staff to develop a common and modern vision of the imf work.e imf more inclusive, enhancing its diversity, and opening it to civil society were central to my strategy. it is those same values that i believe in that i would promote if i was confirmed as ecb president. in my remarks today, what i would like to focus on is on three of those principles that are regarded -- that i regard as critically relevant for the purpose of the task. that i will handle together his commitment, commitment to the ecb mandate as laid out in the treaty. the second is agility in responding to the new challenges. i will handle these together. the third one, which to me is critically important as well, is inclusiveness. i will explain how i understand inclusiveness in that respect. commitment and agility. and have known for decades of theory and practice that a clear mandate for monetary policy and the central banks commitment to pursue it -- bank's commitment to pursue it are vital for stability and lfare.since its inception, the ecb has demonstrated a steadfast comm

thatis focused on brexit here in the uk and that is certainly a global risk factor but the big one imfn. but the us is notjust in a trade dispute with china but everyone, the eu. every trade partner around the world. at the moment the attention is on china but it will move in good time. indeed. the us is talking about doing some sort of partial trade deal with japan but this is nothing like what it would have enjoyed if it had been pa rt it would have enjoyed if it had been part of the trans—pacific partnership which president trump's present —— predecessor obama had negotiated and then trump pulled out of immediately after taking office. we're looking a difficult economy to go into, something we should all bearin go into, something we should all bear in mind. the jab that could replace statins and patients would only need an injection every six months. a really powerful cholesterol jab. months. a really powerful cholesteroljab. progress months. a really powerful cholesterol jab. progress or, months. a really powerful cholesteroljab. progress or, i don't know, what do you think?” think

chief executive of the world bank issue becomes the first person from an emerging economy to lead the imf succeed christine lagarde who left the role to become the head of the central european bank. the chief executive ofjuul central european bank. the chief executive of juul is central european bank. the chief executive ofjuul is stepping down. the company says it will withdraw all us advertising. the haze from illegal burning of forests in indonesia have been choking southeast asian cities like singapore and kuala lumpur. entities believed to be responsible include palm oil companies. i asked a non—profit organisation aiming to lower the negative impacts of palm oil plantations wait companies are not doing more to stop the fire. some companies are actually committing sustainable palm oil practice. they are doing more than the majority. but however, these companies who are in theirjourney, they will no longer be viable... no longer see business as usual as a viable approach. pressure and demand, likely the outcome is more unsustainable palm oil. what is the solution? this is still a jour

people in the imf will tell you that they don't really know. as far as we can tell, you know, according to u.s. treasury data, china holds roughly a trillion, maybe a little bit more than a trillion dollars in u.s. dollar denominated treasuries and also agency securities, so a third of it we kind of know what it is, except we don't know if they have used part of their holding in treasury as collateral to get loans, in which case they don't really hold it. some people suspect that they have done this in 2015 and 2016 when a huge amount of money was leaving china. okay, so that's a big question. as for the other parts of the 3 trillion, i would say at least 300 billion of that has been lent to bri projects, right, and that's not very liquid. so it's not exactly what you would want in the foreign exchange reserve. it's not very liquid. and then from public records, you can see that 50 to 100 billion of that is actually holding chinese stocks, right? so the foreign exchange reserve has several subsidiaries that most people know as part of this fore

she's the first imf leader to come from an emerging market.resaid warning signs global growth continues to disappoint. boris johnson returned to a noisy house of commons refusing to quit or apologize for his unlawful suspension of parliament. britain is due to leave the eu october 31 and johnson says it will happen with or without an agreement to soften the impact. for him finally to take responsibility for his decisions. we decided to call that referendum. we promised -- we promised -- time and again to respect it. i think the people of this country have had enough. this parliament must either stand aside and let this government get brexit done, or bring a vote of confidence and finally face the day of reckoning with voters. dayglobal news 24 hours a powered by more than 2700 journalists and analysts in more than 120 countries. story, theur top threat of impeachment hanging over president trump who has again defended his phone call with the ukrainian leader, saying there was no push, no pressure. >> the witchhunt continues, but they are getti

tomorrow we will hear from incoming ecb president christine lagarde, outgoing imf.berg. ♪ ♪ which we cans by come together is a logical , seeing what deal is available from the eu, and then putting it back to the people, in terms of a deal and remain. can jeremy is saying, we take that decision, once we know what the other at a deal is. i can't say that we could get a better deal than remain, but we will see. laboure: that was the conference in brighton, with the u.k. shadow chancellor. anna edwards interviewing him. if you look at some of the pitfalls, if you assume that there is an election from now until the end of december, you have to spend a little bit of time focusing on what the labour party is and what they stand for in brexit. jeremy corbyn has been very and big with -- very ambiguous. technically, he doesn't want to lose any votes because there have been people that are pro brexit but labour. denisi john mcdonnell, see johnd -- then you mcdonnell, considered to be the brains behind the operation, who says we may not get a better deal than remain, but once

that is the imf forecast. we're talking about a decade characterized by among other things anemic growth and at the same time, we are at the end of what i call the super electoral cycle, super cycle of elections, which i define as 50 presidential elections that have been or will be held years from 2017 to 2019. of these 15 elections, 12 have already been held. .hree will be held in october the broad front after three consecutive periods, 15 years in power, and seeking a fourth consecutive mandate. the super cycle left three countries out -- peru, the dr, .icaragua elections were held before 2017. the region has been part of this super cycle of elections. something else i would say about this, this takes place in a very adverse context fraught with challenges in addition to anemic growth as we point out social inest and also malaise politics which was made worse by things that michael pointed out -- corruption, crime, organized fatigue ofthere is democracy. support of democracy has been sinceng, the lowest poin

that's a massive number. >> of course, that was former imf director and now incoming christine lagarden sara eisen about trade you can hear that full conversation later on today on ""squawk on the street"" and on "closing bell" both shows that sara hosts amazing how that works. >>> we talk trade all the time as it's a major macro story for the market what about the day to day real world implications of the trade war. i'm being told to scoot this way. courtney reagan has a little lesson in called price elasticity. >> i need the screen, brian. i'm going to be a professor. >> thank you very much if you want to figure out how retail is handling tariffs you have to brush up on economics 101. typically raising prices is the last option. if that's the case, it doesn't necessarily mean the tariffed goods are the ones that end up with higher prices well, it's largely determined by price elasticity this is the economic theory that connects price, quantity and demand so this is our demand curve, right? so for an item that's demand elast elastic, it's going to be higher up on the curve which basic

she is the first imf leader to come from an emerging market.unning signs of global growth continuing. global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am su keenan. this is bloomberg. shery: coming up next, my interview with the ceo, devin -- dillon. this is bloomberg. ♪ paul: we are counting down to asia's first opens this morning, and we have got japanese futures looking -- the yen currently trading a little bit stronger against the u.s. dollar. 107 point72. this is "daybreak asia -- 107 point72 -- 107.72. this is "daybreak asia." shery: -- has declined amid concerns. despite this, he sees investment opportunities in china's tech, biotech, and consumer internet sectors paid i spoke to him in new york. -- internet sectors. i spoke to him in new york. >> it is not easy to get capital valuations. the public markets are not willing to value a company where the private markets are valuing it at. it clearly shows there is a discipline coming back in. in this

that came in was an investigator that was being advocated by joe biden and barack obama. >> and the imf. -- >> it is true they asked this and other reformers in ukraine were asking for the prosecutor to step down. >> i understand. that's not the issue. the issue is, again, i'm not saying the president did or didn't do that, but to suggest that the ukrainians should finish the process of investigating this is not, in my opinion, that outrageous. he's not saying prosecute him or go after joe biden. he's saying finish the investigation. >> they already did. >> rick, you agree, though, that director of national intelligence must turn over that report to the chairs of the intelligence committee, do you agree with that? >> again, i haven't read the law. unless there's some national security interest -- >> it's really simple. >> look, this is a problem that we have in washington which is no one trusts anybody to keep things confidential, certainly not adam schiff and that is a problem. that's why this law was set up though. >> this whistleblower believed -- this whistleblower took a huge risk

in fact it was so bad you had the world bank, the imf and the eu and the imf talking about with holdingen was simply the messenger for the entire western world and you saw lindsey graham and other proponents for the president essentially twisting those facts in a very disturbing way for the american people. so, again, you have the transcript, but you have this campaign to really muss uppin con voe vertible facts that the american people should understand about this situation. another thing being twisted, we could talk about hunter biden and any number of family members of high-ranging officials getting jobs on the boards of companies. that is a whole separate conversation here. but this incident with hunter biden, he didn't serve on the board until two years later after this company had been cleaned up and the issue of corruption at heart that was being investigated had occurred two years before. so wanted to set those facts straight. >> still ahead on "morning joe," our next guest keeps close tabs on the kremlin. we'll talk to investigative journalist julia davis on how moscow is react

shawn: at the imf, they would call this a capital control. these are things that the u.s. has actively lobbied in the past. u.s. has been lobbying china to open up its financial markets. shawn donnan, thank you. wonderful reporting. we appreciate your contributions in washington. for more on this, the economic impact of what may happen if this were to go into place, and the economic data out of the u.s., let's bring in michelle girard, economist at natwest markets. she joins us from stamford, connecticut. if there was to be outflows out of china mandated by the trump administration -- and it is still speculation -- what would that look like in the treasury and equity markets? michelle: clearly, you can see the markets will react negatively in a short-term basis to any impediment to capital .lows in the treasury market, there would certainly be risk of some kind of reciprocity where perhaps we would see china buying less or selling treasury securities. those kinds of concerns certainly would be front and center. back, what allg of this reminds is, the trade war and the conf

the imf who are recommending you be a little more reserved and pull back on your fiscal outlays.at recommendation? >> i agree we need to be broadened on fiscal policy. thatree that achieving despite cutting on their spending and being very efficient, we are doing significant efforts and reforms. the latest is the government recruitment law which provides significant efficiency levers for the government. sure weorking to make go even deeper into the economy. so that has an impact and an angle. so if any less spending by the government, it will be because we are even more efficient. we risk the health of the kingdom but also focus on growth. , what would your message be to foreign investors around the world after the turbulence we saw the last 72 hours or so? theas reverberated around world what happened in the oil markets and arguably increased jail risk that has defected in what would you say at this point? distinguish. if you talk about debt and investors, they should look at the strength of the saudi balance sheet. significant foreign investment, 10 the debt of the internationa

the investigate that came in was an investigator advocated by joe biden and barack obama. >> and the imfasked this prosecutor to ten down. >> i understand that is not the issue. the issue is again -- i'm not saying the president did or didn't do that. but to suggest that the ukrainians should finish the process of investigating this is not, in my opinion, that outrageous. >> but they already did -- >> he's not saying go after joe biden, just finish the investigation. >> they already did. >> rick, you agree, though, that the director of national intelligence must turn over that report to the chairs of the intelligence kmoity -- committee, do you agree with that. >> i haven't read the law. >> it is really simple -- >> look, this is a problem that we have in washington which is no one trusts anybody to keep things confidential, certainly not adam schiff and that is a problem. >> that is why this was set up. >> this whistleblower believed -- this whistleblower took a huge risk coming forward and believed that he would be protected by the law this president -- >> and he is being protected. >>

former imf chief economist joins me right now, ken, it is great to have you. thank you for joining us. >> thank you for having me. maria: we've got the federal reserve meeting on tuesday and wednesday. it's pretty much baked in the cake that the fed is going to cut rates by a quarter point, 25 basis points. do you expect that and what is your view of the broad economy right now in. >> well, certainly expect that. there's just no inflation, and they don't really know how much more they can cut it and still not have inflation. maybe it's the trade war, maybe it's a global recession going on outside the united states, but whatever. i think the u.s. economy is pretty healthy except the trade war's absolutely weighing on cap x. it's hurting china a lot more than it's hurting the united states, but china's important. china hurting, hurting germany and europe, so the rest of the world is very weak at the moment. maria: the fed is in a tricky spot. you've got the president pushing the federal reserve to lower rates more. he wants a full, a point over time. and yet you

with at imf, the relationships we build, and what the institution required.oned, but i think we, through hard work and brain andcus and the the heart, i think we maintained it at the core of the global financial safety net. ne reluctance that i had. the second one was the thing that everybody assumed. oh, she has never been a central banker before. how can she do that job? and i am not an idiot, and i do not have enough vanity to assume that i can do anything, so i talked to a lot of people who had been central bank governors whom i trusted and who knew the , and they all supported me, and they all confirmed that, yes, under current circumstances and given the strength of the institution and the situation we are in in europe, i had to say yes. to saye: because you had yes because you are the right person or the female leader, the first female leader? rde: i do not think it was the female thing, when people do the casting. the former central bank governors and current central bank governors, the point they made very clearly to me and which i believe as well is

vernment put in place some austerity measures, working with e imf, but the military controlling the economy and there are not enough jobs being generated. inflation has been high. ordinary people are seeing their standard of living drop. and then a few weeks ago there were dramatic revelations ofgh evel corruption that came out from a former mitary contractor. it is really this combination, grinding economic hardship, and then revelations about corruption, sisi building lavish palaces and so forth, that has inflamed public opinio laura: who is this character muhammad ali who is posting videos on social media urging people to protest? michele: he is a mysterious and he is a former actor. he became a defense contractor. he was building things for sisi and high-level milary. and then apparently he became disgruntled.th he fel were cheating him. he left the country and went them.exile and started exposing what egyptians have found it fascinating about him is that ow has a veryto-earth style. he is not an elite man, he is not a university-educated man, and he describes things like corruption and

the imf has already told us global economic growth will be subtracted by about eight-tenths of 1 is % -- 1% if we don't get a trade deal. imagine if all of a sudden we get a trade deal. that will be a strong tailwind for the u.s. economy, strong tailwind for s&p 500 earnings. remember, almost 50% of the earnings come from overseas, so if all of a sudden this dark cloud gets lifted, the market is off to the races. maria: it's all systems go. anthony, great to get your insights. stay with us, we have more coming up next. devices are like doorways that could allow hackers intoour home. and like all doors, they're safer when locked. that's why you need xfinity xfi. with the xfi gateway, devices connected to your homes wifi are protected. which helps keep people outside from accessing your passwords, credit cards and cameras. and people inside from accidentally visiting sites that aren't secure. and if someone trys we'll let you know. xfi advanced security. if it's connected, it's protected. call, click, or visit a store today. ♪ ♪ maria: welcome back. joining me right now for a deep dive

wanted this prosecutor gone because he was not prosecuting corruption, so did the europeans and the imf. it did not come from joe biden, he just delivered our message. give me the context, you were there. what's the context around this? because there is spinning going on about what joe biden was involved in with respect to this former prosecutor? >> the context very simply was that ukraine needed loans from the international community, the imf, the international monetary fund, was supporting the ukrainian committee, we were providing loan guarantees and it was clearly spelled out to the ukrainians that a condition for that assistance was they had to improve their fight against corruption. they had to reform the prosecutor's office, the prosecutor was supposed to be prosecuting corruption and by late 2015 it was clear to us that this chief prosecutor in cr ukraine was not bringing cases against anyone, ironically not even this company that joe biden's son was involved in. so the state department told the ukrainians you got to have a new prosecutor, our embassy told them that, the europea

the imf has already told us global economic growth will be subtracted by about eight-tenths of 1 is % -- 1% if we don't get a trade deal. imagine if all of a sudden we get a trade deal. that will be a strong tailwind for the u.s. economy, strong tailwind for s&p 500 earnings. remember, almost 50% of the earnings come from overseas, so if all of a sudden this dark cloud gets lifted, the market is off to the races. maria: it's all systems go. anthony, great to get your insights. stay with us, we have more fact is, every insurance company hopes you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now that you know the truth... are you in good hands? 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for

imf, growthat the estimates were the weakest since the financial crisis. u.k. prime minister boris johnson is remaining defiant in the race of the country's top judges, saying his suspension of parliament is unlawful. the supreme court said it was prevents elected politicians from doing their democratic duty. johnson says he disagrees and will deliver brexit -- next month. appeals -- [indiscernible] president must and what he calls a legal sanctions. president trump has hinted on eventual negotiations, but also walks a tough line. global news 24 hours a day, powered by more than 2700 journalists and analysts and at tictoc on twitter, in more than 120 countries. >> a rosy debut here in shanghai, shares down 4%. million -- $410 million. 20 pressures from antigovernment protests in the -- andy u.s.-china -- and the u.s.-china trade war. the ceo of aith latest biotech company in hong kong. thank you or joining us today. i would like to start the conversation with your ambitions for china. let's start off with lymphoma treatment which is priced at 830% discount from

the imf has already told us global economic growth will be subtracted by about eight-tenths of 1 is %'t -- 1% if we don't get a trade deal. imagine if all of a sudden we get a trade deal. that will be a strong tailwind for the u.s. economy, strong tailwind for s&p 500 earnings. remember, almost 50% of the earnings come from overseas, so if all of a sudden this dark cloud gets lifted, the market is off to the races. maria: it's all systems go. anthony, great to get your insights. stay with us, we have more i saved hundreds when i switched my car insurance to geico. this is how it made me feel. it was like that feeling when you pull your green sock out of the dryer and then the very next sock is the other green one. and then you pull out two blue ones. and you keep going till you've matched every single sock in perfect order. and the owner of the laundromat is so impressed, he hangs a picture of you next to the dryer. geico. fifteen minutes could save you fifteen percent or more on car insurance. sleep number 360 smart bed.stou sale of the year on a can it help keep us asleep? yes, it s

he was considered corrupt by the imf, by the european union, but the united states.it was no secret the u.s. was trying to get him ousted. >> brennan: secretary kerry talked about that. >> yes, and he did get ousted. now comes if question of the conversation this the president had with the new ukrainian president, president zelensky. and the question was: in the course of this conversation, did he up to eight times according to the "wall street journal," urge the president to reopen this investigation into the bidens and all of that. and was there held out either explicitly or subtly that military aid to crane was being used to go ward off the russians. and astoundingly, just as thisen flowed about two weeks ago with no explanation from the white house. so there's a lot of questions of did the president seek interference in the election, seek this against the bidens, and did he release the aid as part of it? >> brennan: lonnie, it's a tard thing that secretary of states say, i'm not here to talk about that. i'm only here the talk about policy. >> the politics for thi

the imf has already told us global economic growth will be subtracted by about eight-tenths of 1 is % -- 1% if we don't get a trade deal. imagine if all of a sudden we get a trade deal. that will be a strong tailwind for the u.s. economy, strong tailwind for s&p 500 earnings. remember, almost 50% of the earnings come from overseas, so if all of a sudden this dark cloud gets lifted, the market is off to the races. maria: it's all systems go. anthony, great to get your insights. stay with us, we have more coming up next. i switched to miralax for my constipation. stimulant laxatives forcefully stimulate the nerves in your colon. miralax works with the water in your body to unblock your system naturally. and it doesn't cause bloating, cramping, gas, or sudden urgency. miralax. look for the pink cap. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ ) the day we'll fina

e.u., and the imf come together to find out. the creditors are german.t was a message to avoid causing that. tom: yesterday there was a headline, deutsche bank is going to bring the dollar amount where you need to take the price of negative interest rates down to retail investors. his 2020 the pain of negative rates and the lack of debt workout? hugo: yeah. the model here is japan. we have been here before, negative interest rates across europe, past to consumers. what do i do with my money? it is literally under the mattress. it is a very large distortion that central banks feel they have to do to avoid a debt inflation spiral. francine: this goes back to the question about bubbles. if you are an investor or even mr. john and need to put some money somewhere, you are looking for yields. is there too much risk in the market? hugo: the answer is yes, but back to the question we were asking earlier, when does that end? example we used earlier, when it is costing you to lend money to somebody which is happening with negative interest rates, you push up valu

many of the big forecasters, the imf, oecd et cetera, have forecast a deteriorating world growth, a large not the whole part, but a large part, is the trade was. between the us and china. china is slowing, there is absolutely no doubt. and that sends ripples through the global economy. south korea, germany, they are exposed to china and they have seen a very hard time for many quarters. this is rippling through, and it will hit the uk economy. it is hitting the uk economy. 0k, jane foley, we will go through the papers with you later, but for now, thank you. are our smartphones listening to us? it's one of the biggest conspiracy theories in technology — that we're all being recorded by our devices in order to help targetted adverts. one mobile phone company has carried out an experiment to answer the question, as our cybersecurity reporterjoe tidy explains. yes, i was talking to a friend about trainers... and then there was an advert that popped up on there. everyone has a story like this. strange instances that make us ask oui’ strange instances that make us ask our phones and absolutely

the finance minister, for the first time, is inviting the imf to look at the country's economy, theyeir own currency, but they banned the official publication of statistics. it hit 176%, people could not buy bread, cooking oil and even medicine. people suffering from hiv. much more than anything else, the reforms undertaken by the current regime would not impact the economy if the us sanctions are not removed, that statement is coming from the zimbabwean government but also the southern african development community which had its last meeting in tanzania last month and according to the international community, to remove these sanctions, they say they are hurting the economy. until these sanctions are removed, the reforms will not really help the economy. thank you very much for your time. let's take a look at some of the other stories making the news. iran said on friday it had taken a step to further downgrade its commitments to a 2015 nuclear deal with the world's most powerful nations, according to iranian media, in retaliation to us sanctions reimposed on tehran. magistrates in f

the imf has already told us global economic growth will be subtracted by about eight-tenths of 1 is %1% if we don't get a trade deal. imagine if all of a sudden we get a trade deal. that will be a strong tailwind for the u.s. economy, strong tailwind for s&p 500 earnings. remember, almost 50% of the earnings come from overseas, so if all of a sudden this dark cloud gets lifted, the market is off to the races. maria: it's all systems go. anthony, great to get your insights. stay with us, we have more coming up next. introducing the first of its kind lexus ux and ux f sport. also available in hybrid all wheel drive. lease the 2019 ux 200 for $329 a month for 36 months. experience amazing at your lexus dealer. you wouldn't accept from any one else. why accept it from your allergy pills? flonase relieves your worst symptoms including nasal congestion, which most pills don't. flonase helps block 6 key inflammatory substances. most pills only block one. flonase. your business is up and running, but is it going beyond fast? comcast business gives you high speed internet. we also have solutio