plate most importantly returning the grounded $737.00 max to service us a treasury secretary stephen newton said the ongoing crisis that followed 2 crashes of the best selling planes may knock off half a percentage point of us g.d.p. growth this year going suspended production of the $737.00 next earlier this month . just days ago one of boeing's biggest suppliers fuselage maker spirit aero systems announced it would cut 2800 employees due to the production stop it's unlikely to be alone boeing count some 600 suppliers for the program. its supply network is a big part of its significance to the u.s. economy the company reported in 2016 that it spent $45000000000.00 annually on suppliers for all programs generating an estimated 1300000 jobs in the u.s. . boeing is america's largest manufacturing exporter that means production changes often carry over to the u.s. trade balance and to growth itself treasury secretary steve has estimated the $737.00 max production stop could strike half a percent from u.s. g.d.p. growth and the 737 crisis is hitting other priorities boeing has pushed back the r

us treasury secretary stephen newton was in attendance friday in davos switzerlanand.e reititerated hopes for new trade deal with the u. k. the country leave the european union. with them. i think on the u. k. we've- the president has been clear going back. to the election that the u. k. is our number one ally and- will be at the top of the list to trade agreement so. we look forward to. getting that done this year- were encourage we a also know they got to do a deal with the e. u. but- we look forward to hopefully getting both those deals done this year. a friend twenty four is lean rifai was also in dallas friday. he got up with the director general of the international labor organization. he dressed tienen technologies a are changing the world of work take a listen. where those transformations coming from. from technology from digitalal technolologies- m climate change in the action we must take to counter climate change. from demographic issues. no o the rich countriris of the n north to o getting old. but the countriess of f the souh is still young and growingng-

secretary of state my pompei oh the treasury secretary stephen newton said excuse me the 17 new sanctions will cost iran billions of dollars. pump a also announced sanctions that would hit 8 senior officials that would cripple iran's internal security system. we are announcing 17 specific sanctions against iran's largest steel and iron manufacturers set 3 seychelles base sent to d's and a vessel involved in the transfer of products as a result of these actions we will cut off billions of dollars of support to the iranian regime and we will continue our enforcement of other entities today sanctions are part of our commitment to stop the iranian regime's global terrorist activities the president has been very clear we will continue to apply economic sanctions until iran stops its terrorist activities and commit that it will never have nuclear weapons so we have several correspondents monitoring these latest developments osama bin laden's in baghdad dorson jabari isn't to iran for reaction to those new sanctions will be speaking to them sort really but 1st we'll cross over to our white house

treasury secretary stephen the newton thinks that the loss in value could affect the overall u.s. g.d.p. by up to 50 basis points telling fox news sunday for this year we've been looking at 2.5 to 3 percent as i said it may be closer to 2.5 because of the adjustments of the boeing numbers and joining us now to take a deeper look into the state of u.s. china. relation china trade relationship and boeing's effect on the economy are peter schiff c.e.o. of euro pacific capital and todd but before it was chief strategist at bubba trading now i want to start with you with the situation regarding bubba. what do you make the treasury secretary's assertion that this one aerospace giant is poised to cause an issue for the overall growth of the u.s. u.s. economy moving forward. as you know brian thank drove me back it's a big deal because they're the biggest export of that we have so it's going to have a direct effect on g.d.p. and certainly it has slowed sales and it will allow you know air bus which is their only really main competitor possibly because of the sales from there i mean this w