get more context we knew ireland had nominated two different people to take up this post after phil hogan had redesigned after breaking quarantine rules what can you tell us about the decision to go ahead with mcguiness. >> it's not a surprise they were key to ensure the 50/50 balance and this allows them to achieve that mairead has been quite vocal when it comes to brexit as well. this is an important change that is happening right now and the european commission. happening now, we know they want to do this quite swiftly and fast because she wants to avoid further stability particularly at a time when they are dealing with coronavirus and instabilities in neighboring intentions between greece and turkey so there is a lot on the table in the european commission and they want to get this done as soon as possible having said that, this name still needs to be approved by the parliament in the coming weeks. the fact that she has been working there could help her get approval by colleagues so she can move to the commission in coming weeks let's see how this new commission will work in the comi

he replaces and succeeds phil hogan. it shows the importance that the commission at the eu is attaching to some of its commercial policy. vski highlights that they are worried about curbing some of the market's distorted practices that may be chinese officials are putting in place. --ia tadeo is monitoring moderating a panel with mr. vski.o he is the executive vice president in charge of the euro at the european commission. with the appointment of him as the top trade commissioner, really once again shows us that the eu is serious when it comes to trade. president donald taken another shot at china as -- president donald trump has taken another shot at china. he has threatened to scale back economic ties with the nation by punishing american companies that outsource to china. pres. trump: end our reliance on china one sent from, whether it is decoupling or imposing tariffs. we will impose tariffs that punish companies that deserve america to create jobs in china and other countries. if they can't do it here, then let the

new european commissioner for trade pending confirmation by the european parliament your places phil hogan resigned resigned rather after breaking pandemic rules in his native ireland. well what went through one of the driest springs on record has british wheat growers facing the worst yields in 40 years i mean is more imports from the e.u. which in the event of a no deal bragg's it could mean tariffs of $75.00 rather $79.00 pounds per tonne that's roughly 40 percent of the current price. bad weather has left britain's granaries empty until now the u.k. has always been a wheat export but now it's having to turn to the e.u. to make up the shortfall. this hasn't generally been a problem but in the event of a no deal breakers it it could become one workers of the ship to mill in bristol fear importing wheat from the e.u. after a no deal breaks it will mean expensive w t o tariffs. where they would normally just buy german or french wheat we don't know yet what that's going to cost us in 6 months time so there's a huge amount of uncertainty that $79.00 pounds of tongue can't be absorbed by the

is the new european commissioner for trade he replaces phil hogan who resigned after breaking pandemic rules in his native violent. germany's powerful concepts meet the chancellor today to discuss state subsidies they want help in driving out the pandemic and modernizing but the comic is also one support for the gas guzzlers and diesels that has the drivers of clean it take up in arms politicians say it's digitization where help is needed. it's folks factions bread and butter model so when the new gulf was hit with software problems it was a massive headache for the german carmaker it stopped deliveries and recalled all the cars that had already been sold but now v.w. says it's all systems go and that's something the entire german auto industry is hoping for it experienced a steep fall in sales during the lockdown months of march april and may but that has now been reversed by july the number of orders had returned to just 2.4 percent below february's levels and with production lines up and running again those orders are rapidly being fulfilled even if july sales are still about 8 perc

art hogan, phil orlando, mark, you're staying with us. great to see you all.us. we will be right back with a lost more. or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. maria: welcome back. stimulus stalemate, senate republicans newest covid-19 relief bill set for a vote later this week, the legislation includes a $300 a week unemployment boost through december 27th, it includes funding for state governments, schools and small businesses and it forgives the postal service's 10 of billio10$10 billion loan. it does not include another round of stimulus checks. joining us now is senator, former reebok and dollar general ceo, david purdue. great to see you this morning. thank you for joining us. does this bill have a chance? >> i wish it did, maria. today is going to be a sad day for america because after we compromised to get cares act and we did it in a true bipartisan way a few months ago, what we're seeing now from the other side is just outright object of