trade is richard wolfe professor of economics americas at the university of m. hurst and host of the economic update professor walt it is so good to have you here today. i want to i wanted to start with this trade deal between the u.s. and japan because i couldn't help but think about the fact that the obama administration had to go shoot at the transpacific partnership which did include japan but it was widely disliked by the labor community and members of his own party due to some not knowing what was in the deal due to fast track but is this deal negotiate by president trump a better deal for the u.s. than the transpacific partnership. no the simple answer is simply no let me explain in the t.p.t. that was negotiated by obama which had a lot of problems it's not a question of liking it or disliking it when trump withdrew from that unilaterally the other countries didn't they went ahead and canada australia and they are very important in these meat and beef movements they all stayed together and that put the united states as a at a disadvantage because the t p

and its grand debut on wednesday making it the most valuable listing around the globe professor richard wolfe joins us to analyze the listing and how the oil giant has shaken markets plus wobblies c f o has been held by canadian authorities for months but has now won of course to see more documents about why he was arrested in the 1st place we'll break it down so much to get to today so let's dive right in. and the federal reserve will hold interest rates at their current levels adding it's unlikely we will see another cut this year or actually in the next year after cutting interest rates 3 times in 2019 the central bank decided to keep the target range of 1.5 percent to 1.75 percent that decision was made by unanimous vote now the 2 days of policy to meetings were the last of the year for the federal open markets committee and in a statement the committee said monetary policy is likely to remain where it is adding the committee judges that the current stance of monetary policy is appropriate to support sustained expansion of economic activity strong labor market conditions and inflation nea

and china ease tensions this week to ring in the new year professor richard wolfe is on hand today to break down the developments that could be on the horizon for the world's top 2 economies but in another trade development the e.u. is i quote that in trade relations with the united states according to unions new trade commissioner kelly for much of the face american business association lends a 2nd hand to break down business and other may. in the euro zone and later 2019 has been a shiny year for gold as the price has jumped on economic turmoil david mckelvey any of mckelvie financial help for the sector and how it's been competing against other assets we have so much to get to let's go. stocks are falling across the board from their all time highs monday the penultimate trading day of the year equities have enjoyed a strong december santa rally and oil prices continue to trade higher on china u.s. optimism the pullback today is most likely due to the fact markets are in the midst of a liquidity and news desert during those final few days of the year chinese vice premier and top neg

which could alter their plan of action and for more on this we're going to be joined today by richard wolfe professor of economics and host of economic update press well thank you so much for joining us today. glad to be here now no i want to start with the fetid signaling they don't want to alter rates over the next decade does this point to the central bank thinking we're out of the weeds of this economic downturn or is it more of a fear that low rates may be the new normal or are they just trying to stick to president trump what do you see going on here i think they're watching along a very narrow law and they are listening to president trump even in ways that most economists think they shouldn't but they're also trying to show that they haven't least a little bit of in depends.

product there's a lot to go over here and we have the pleasure to be joined by reprise fessor richard wolfe professor of economics and host of economic update he's coming to us from new york richard thank you so much for joining us today and i want to get right to it now we know you're no mind reader here but what do you make of president trump's comment that we have reached a breakthrough and they will be citing a deal very shortly now we know he likes to say things but is this just more bluster from the u.s. president in hopes of pumping up markets or do we do you actually think there's a deal in the offing here. i think it's a little bit of both i think what has happened is that mr trump has discovered 2 important things after 2 years of child. bash number one you can impose tariffs the chinese will come right back with their own and in the end it will cost you politically particularly with farmers who lost markets in china that they rely on he's learned mr trump that is that it's going to cost him politically to keep playing this game number one number 2 he's discovered that if he thoug

and on that note boom bridgeboro and i were joined by professor richard wolfe host of economic update to talk about these sanctions due to the north stream 2 project and recent opec cuts professor ward started the conversation by giving his take on the think should richard let's be clear about what's happening here sanctions again as i said they're typically used at least that's what we're told right to deter bad behavior by governments that's clearly not what this is russia is not foreseen germany to purchase natural gas and again germany is actively lobbying against this action by the u.s. and on top of all of that as broad pointed out this is part of a national defense bill what are you. well i think this is remarkable because it's a kind of tectonic shift a major shift the republican party and let's remember that what mr trump is the leader of now has traditionally been the against the government interfering in the economy the government is not supposed to pick winners and losers the government is not supposed to levy heavy taxes which is what our of so are there a kind of tax and

which could alter their plan of action and for more on this we're going to be joined today by richard wolfe professor of economics and host of economic update press well thank you so much for joining us today. glad to be here no no i want to start with the fetid signaling they don't want to alter rates over the next decade does this point to the central bank thinking we're out of the weeds of this economic downturn or is it more of a fear that low rates may be the new normal or are they just trying to stick to president trump what do you see going on here. i think they're marching along a very narrow law and they are listening to president trump even in ways that most economists think they shouldn't but they're also trying to show that they haven't least a little bit of independence left so they don't just look like a chorus of mr trump's so i think that's what you're seeing it's clear that the american economy doesn't need more cutting of interest rates because of the danger which has always been there that this kind of flooding the economy with cheap money with more money produced always

and china ease tensions this week to ring in the new year professor richard wolfe is on hand today to break down the developments that could be on the horizon for the world's top 2 economies but in another trade development the e.u. is quote set in trade relations with the united states according to the union's new trade commissioner hillary for which the british american business association lends a 2nd hand to break down this and other major developments in the euro zone and later 2019 has been a shining year for gold as the price has jumped on economic turmoil david mckelvey any of the national media financial help us to get in the sector and how it's been competing against other asset we have so much to get to today let's go. stocks are falling across the board from their all time highs monday the penultimate trading day of the year equities have enjoyed a strong december santa rally and oil prices continue to trade higher on china u.s. optimism the pullback today is most likely due to the fact markets are in the midst of a liquidity a news desert during those final few days of th

president richard wolfe a professor at the university of massachusetts amherst joins us to sift through the shaky market in the latest telecom threats plus rules undergone a major shake up amid antitrust threats from some of the nation's top political figures walk ins of simpler trading joins the show to break down the details of how the move or how interest concerns have ramped up and later. and major companies are continuing to ramp up their investment in space exploration r.t. correspondents brings us the latest from the ground in los angeles on how major companies are launching their own space programs we have so much to get to today so let's go . and we begin here with the latest claim by president trump regarding the u.s. china trade talks because as of today president trump says the talks are going very well this of course is more positive than what the president said on tuesday when he indicated that a trade deal might have to wait until after the 2020 election we'd be clear here every time the president says that the trade deal may take a little bit longer stocks take a dive wh

amazon do and that's the real driver of what's going on the host of the economic update professor richard wolfe thank you so much for joining us today. my pleasure thank you. but we are now only hours away from the saudi aramco i.p.o. price is being locked and so far what has been billed as what could be the world's largest i.p.o. has not disappointed the summer 4th is the end of the book building process that's for allocating shares to institutional buyers we're talking about asset managers insurers and pension funds well so far the institutional tranche of saudi aramco is i.p.o. have been almost 3 times oversubscribed receiving orders worth $189000000000.00 reals which is worth about $50000000000.00 when i say it again the saudi aramco i.p.o. has been 3 times oversubscribed oversubscribed is the term for one i.p.o. as demand is greater than the number of shares issued typically i.p.o.'s in saudi arabia tend to be subscribed many times over although the president at size saudi aramco is listing means it's harder to benchmark the level of demand around co as previously said that point 5 percent

and joining us now to go deeper is the host of economic update richard wolfe richard thank you for being here so let's begin with this what do you make of the effort here by the french government to completely overhaul the pension system you know the question the share that asked who will blink 1st will it be the government or will it be the unions. well in terms of what the government is trying to do calling it a reform or calling it updating or i'm simplifying that's that's just p.r. what this is about is reducing the pensions of the french working class they are among the best in the world they have been for decades and mr mock thinks that he can get the support of the business community in france which he may well be able to do by cutting the pensions in order to cut taxes on business the usual right wing proposals and that's why the workers are out in strike it was only a matter of simple falling or putting $42.00 systems into. one and there were guarantees that he wouldn't hurt the people then they wouldn't be going out on the streets so what you see is an attempt by the mass of pe

and china ease tensions this week to ring in the new year professor richard wolf is on hand today to break down the developments that could be on the horizon for the world's top 2 economies but in another trade development the e.u. is i quote dead in trade relations with the united states according to the union's new trade committee.

entire year of economic productivity to help us answer this question and more we bring in professor richard wolfe host of economic update so richard this entire thing has been political theater from the start and you called it and now they've been dragging this phase one out for a long time a signing ceremony translations legal scrubs more and more fluff trickling little bits of information every single day to give the markets an illusion of progress but is this thing actually going to get signed i mean multiple analysts have already came out and said that the benchmark exports set by the u.s. are simply unfeasible as they have exceeded that of 2017 why would china agree to something like that. well i think for the chinese it's a question of gaining time for them this entire sauce started with the initiative of mr trump it's political theater we've said for a long designed to make mr trump appear for his reelection bid as the protector of the united states making the charlie knees and for that matter everybody else in the world give the united states a better deal beating up on the foreigners for

and its grand debut on wednesday making it the most valuable listing around the globe professor richard wolfe joins us to analyze the listing and how the oil giant has shaken markets plus wobblies c f o has been held by canadian authorities for months but has now won a court fight to see more documents why she was arrested in the 1st place we'll break it down so much to get to today so let's dive right in. and the federal reserve will hold interest rates at their current levels adding it's unlikely we will see another cut this year or actually in the next year after cutting interest rates 3 times in 2019 the central bank decided to keep the target range of 1.5 percent to 1.75 percent that decision was made by unanimous vote now the 2 days of policy to meetings were the last of the year for the federal open markets committee and in a statement the committee said monetary policy is likely to remain where it is adding.

president richard wolfe a professor at the university of massachusetts amherst and joins us to sift through the shaky market and the latest telecom threats plus rules undergone a major shake up amid antitrust threats from some of the nation's top political figures walk ins of simpler trading joins the show to break down the details of how the move or how interest concerns have ramped up and later. and major companies are continuing to ramp up their investment in space exploration r.j. course one of the toughest week brings us the latest from the ground in los angeles on how major companies are launching their own space programs we have so much to get to today so let's go. and we begin here with the latest claim by president trump regarding the u.s. china trade talks because as of today president trump says the talks are going very well this of course is more positive than what the president said on tuesday when he indicated that a trade deal might have to wait until after the 2020 election we'd be clear here every time the president says that the trade deal may take a little bit longer stoc

president richard wolfe a professor at the university of massachusetts amherst and joins us to sift through the shaky market and the latest telecom threats plus rules undergone a major shake up amid antitrust threats from some of the nation's top political figures watkins of simpler trading joins the show to break down the details of how the move or how interest concerns have ramped up and later. and major companies are continuing to ramp up their investment in space exploration r.t. correspondents brings us the latest from the ground in los angeles on how major companies are launching their own space programs we have so much to get to today so let's go .

host: richard wolf, follow him on twitter. we appreciate the update. guest: any time.ost: following on to the case from the court yesterday, our question for you is about gun laws. lessd they be more strict, strict, or the same. joe in georgia. caller: love c-span. -- i am from a community that went for trump, so we are strong for second amendment rights. we support people like trump and david perdue. we worry about our gun control friends on the others. i don't believe on any negative attacks, they believe they are doing what is right, but we have a great fear of having our guns taken away and that is the first thing that happens with communism. maybe our fears are exaggerated, but we are very strong second amendment people here. i would be very skeptical of having more gun control laws. host: wheel rancho, new mexico, john says keep laws about the same. good morning. caller: good morning and thanks to brian lamb for bringing us c-span, deeply appreciated. i called on the line because at this point, i don't expect anything to change. it is largely because we are deali

wolf is it just your. it and it were doing just what all richard bridges. but i'm now goes by that that is a person or animal or the man in the more robot and mementoes or at their mobile regional but not but a tree an anomaly stopped it from the foreign word investments mankind out there is to raise. awareness through. hundreds of millions in e.u. money has flowed from the coffers of brussels to create repayments not only in bug area but in other european member states. is poised to be given in the future. but one question raised from our investigation watching the shows knew about the places they funded. the just the grades to whatever bulgaria suggests the auditor's. gave here there were more interested in whether the money was spent they were not interested in whether the money for. the child or the prison in. this footage is from another group had been bug area which has received funding from the european union which was part of evidence gathered by the n.g.a. disability rights international for a recent report. in the corner of the room op-ed miss and

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wolf. but it is getting very close. >> jim acosta in london. thank you. >>> more on this. joining us now, democratic senator richard blumenthal of connecticut, a member of the judiciary and armed services committee. thank you for coming in. >> thank you. >> there is about to be a new phase in the house of representatives, the judiciary committee will consider the intelligence committee report. what will you be watching for in this new phase? >> i'll be watching first of all this week for the standard that is set forth by constitutional scholars and then the following week the vote by the judiciary committee on the articles of impeachment and of course the next week the vote on those articles by the full house. but make no mistake, the president's own words here are in many respects the most incriminating part of this case in that july 25th conversation the president clearly is soliciting a bribe and bribery under the constitution is specifically enumerated offense tor impeachment and he said in the conversation that he will perform an official act, namely releasing the military aid, only if something of personal be

wolf. >> yeah, i'm sure he's not very happy that he's now being included in this group of presidents who have had to deal with this issue, andrew johnson, richard clinton, and now all of a sudden donald j. trump is also in that very small group of american presidents. we're standing by, getting a lot more reaction on this historic day. we'll take a quick break and will be right back. so bob, what do you take for back pain? before i take anything, i apply topical pain relievers first. salonpas lidocaine patch blocks pain receptors for effective, non-addictive relief. salonpas lidocaine. patch, roll-on or cream. hisamitsu. i'climate is the number 1ove priority.sage. i would declare a state of emergency on day 1. congress has never passed an important climate bill, ever. this is a problem that continues to get worse. i've spent a decade fighting and beating oil companies... stopping pipelines... stopping fossil fuel plants, ensuring clean energy across the country. how are we going to pull this country together? we take on the biggest challenge in history, we save the world and do it together. julie means more to me than anything... and i wanted t

richard haass, it feels like the press's bluster is much like the big bad wolf. it hasn't worked and it sounds like john bolton is compelling him to say so. why? >> well krir, i can't speak for bolton. it's not that the u.s. policy hasn't worked, mika, things have gotten progressively worse over the last three years. they have enough material for between 30 and 40 nuclear weapons. they've been regularly testing their shorter range missiles. the president says he doesn't care about it. obviously japan and vae dsouth do. they have learned things that they can apply to their longer range systems which can reach us? meanwhile, what are we doing? we're pick angie noing an enorm saying unless you five times pay the amount for what you pay for u.s. force there's, we're going to rethink the entire relationship. plus we've canceled all sorts of exercises. it's not that this policy hasn't worked, we need a lot more than an apology. what we need say new policy. we need a new policy towards south korea and japan, a more supportive one, and also russia and china who are incre