and it has a lwa ys always been tit—for—tat and it has always been tit—for—tat and it has always beenerfere with my political rivals to improve my chances of winning an election, historically in this country that has not been something we do. if we want free and fair elections we need to make sure that someone is not threatening to with hold half $1 billion in military aid u nless hold half $1 billion in military aid unless the president of foreign nation gets on television and says negative things about arrival. during an election. that is what appeared to be going on here and the risk to the integrity of our democracy if that happens is clear. republicans also point out that the democrats have been loath to hold a vote on this because they don't want to expose the split in their own ranks. they have now voted to go public. hasn't always been the case that in an impeachment enquiry that the house does the enquiry and the senate does the actual public trial. what difference does it make that the democrats will go public with this? this isjust proceeding in the fashion you would expect

write more tit for tat tariffs here in the offing. is standing by for us in germany's financial hub frankfurt all they want to do that is terrorist mean for e.u. companies. well it means that they will have to have a bit more trouble perhaps selling their wares in the united states because on top of the sales prices will come these new tariffs and that means a fewer air bus and if you're selling a plane to a u.s. airline then the u.s. airline will have to shoulder that tariff on top of sales price the airline can of course choose to pass that on in the terms in the way of higher passenger tickets if it get away with it and that very competitive market and ultimately the passenger will be paying for it and the same goes for wine or cheese you can pass that on to the consumer you can also choose if you don't want to worsen your competitive position to suck it up incur perhaps losses and slash jobs in order to make up for it and of course the e.u. says it will hit back is this the start of yet another trade dispute. well it's a continuat

you have tit—for—tat ta riffs the americans.tariffs imposed by the us and china, hurting financial markets and slowing capital investment and trade flows over the past year, and president trump has said, sally, ta riffs president trump has said, sally, tariffs on chinese imports will rise on october tariffs on chinese imports will rise on 0ctober15 if no progress is made in the negotiations. sally. thanks, rico, that is the latest on that. now let's brief you on some other business stories. sterling fell to near a one—month low against the euro following reports that brexit talks between britain and the european union were close to breaking down. i was legally of a rug because said it will be the —— irish legally override because that it will be difficult to reach an agreement before the october deadline —— leo varadkar. us central bank boss jay powell said it will take action soon to ensure businesses can readily access cash by buying us treasury bonds. the move is aimed at preventing a spike in short—term interest rates and fo

the developed markets in addition to us china trade war tensions escalating with the kind of tit for tat tariffs that we see going for the geopolitical risk premiums that we would have expected from tensions in the middle east have failed to hold the gains that there how so that's any kind of disruptions that we see of the type that were announced today with the apparent tanker attacks you know we expect those to have little little weight in prices going forward in terms of upside pressure all right joseph get your head of oil and gas analysis if it's the lucian's in london thank you so much for your time. thank you. well a trade talks between china and the u.s. are entering their 2nd day with president on a trump striking an optimistic note he's described today one of the negotiations in washington as quote very very good nevertheless is a reminder of what's at stake now so far the u.s. has slapped tariffs on $550000000000.00 worth of chinese products china interim has said ladies on $185000000000.00 worth of u.s. goods that amounts to $735000000000.00 in total and that figure could jus

a continuation with with a new level of escalation and i mean you just mentioned the word took for tat in the next year the e.u. will have its case decided and it might be able to slap tariffs on u.s. wares coming in because of its claim of unfair subsidies for boeing. and bruna lemaire the french finance minister has said after a meeting with the us treasury secretary steve maneuver and the e.u. is ready to enact counter measures when i tell you about in frankfurt thank you so much and those new us times on your products kicked in today let's take a closer look at how those duties of 25 percent on agricultural products impact french wine in the boat today vineyards this year's harvest has been better than expected despite the frost and drought now it's time for a final taste before the wine is released to the world this year success on traditionally its biggest export markets the us is by no means guaranteed. to focus on that it's the 1st time that we've had a 25 percent increase in won't go it's a bit of a sucker punch. dominique gets 10 percent of his turnover from the states he's r

as for the route could trigger a wider tit for tat transatlantic trade war. and if you're custer joins us live from washington d.c. how did this dispute start. well or and this started more than 15 years ago and the irony is that both sides essentially accused each other of doing the same thing the u.s. said that the european union was illegally subsidizing its aircraft manufacturer air bus and the e.u. fired back saying the united states was doing the same thing to its aircraft manufacturer boeing and the irony is the world trade organization and centrally found both sides guilty now the u.s. has the advantage because it filed its claim 1st by just mere months which means it is the 1st that can impose these tariffs on the e.u. it's actually as punishment sanctioned by the world trade organization and we are finding out more details about what exact european products will be targeted by these terrorists in addition to the civilian aircraft that will be levied by it with a temper centerra if there is a litany of luxury goods including irish whiskies british be

. >> what does it say in your culture that permits you to detain a tat -- guest against his will? >> ron awakens political affairs director, and -- ronald reagan's political affairs director. >> reagan just cleans up in new hampshire. it was such a mentor that it is a good thing we won by such a big margin because we spent most of our money. >> explore our nation's past on american history tv, every weekend on c-span-3. casket of representative elijah cummings arrived at the capitol thursday morning for a ceremony for lying in state, coming the first african-american to do show -- do so. , includinge made nancy pelosi, chuck schumer, and mitch mcconnell.

. >> another tat for tat >> in less than five hours, we'll get a key reading on the ism nonmanufacturingr services index covering the vast majority that accounts for more than 80% of employment in the united states >> bringing in the chief investment officer just overall, that ism manufacturing number is arguably what provided the real down side draft to markets how important is the services read going to be when it comes to counter or skars bait the move >> we can't separate the two a lot of services businesses have bhafrers as clients >> in what way >> so the transportation companies, trucking, rail are considered services but they are shipping all of the goods manufacturers are making or take a restaurant that happens to have a location near a manufacturing facility if there are less people working there, less people are going to the restaurants. there is a connection. yes, manufacturing is only about 10% of growth but reflects a slow down the services side of the economy is not immune from >> has that services side over the last year shown signs we are due for a recession anytime soo

when tit—for—tat is interfere with my political rivals to improve my chances of winning an election,s not been something we do. and that is what is so troubling and i think iitso is what is so troubling and i think i it so important that these proceedings move quickly as i think the house understands and i think the house understands and i think the courts are showing they understand. because what, arguably, and what they think the facts will show, is happening here is an effort to put the present‘s some on the scales of an upcoming election. rather than leaving us to the election, the election may, god willing, work, but if we want to have free and fair elections we need to make sure that someone's not threatening to withhold half $1 billion in military aid unless the president of a foreign nation gets on tv and says negative things about their arrival during an election. that is what appeared to be going on here and the risk to the integrity of our democracy, if that happens, is clear. republicans also point out, of course, the democrats have been loath to hold a vote on this becau

and what is your to do list to remove us from this tit-for-tat?> we will be talking about trade piece, not about trade war. it is the economic impact that will fight the loss of confidence. >> that is where i wanted to go. >> lots of productivity. firms have to pay more for credit because they are trading with a partner that may be in worse shape. the indirect is what we need to zero on. why? confidence,now that once undermined, is harder to rebuild. governance is about leadership. what is your leadership approach that will instill confidence necessary to get toward your peace of trade? show,t we want to do is as clearly as possible, that everybody is a loser in a trade war. everybody will be a winner in trade peace. that losst clear that may be higher for some countries and lower than others. but everybody is impacted. imf: that was the new managing director krista li na george eva -- kritsallina georgieva. aairman jay powell stresses move should not be seen as a return to the past. we will discuss next. this is bloomberg. ♪ this is bloomberg day

you define the trade war at these meetings and what is your to-do list to remove us from this tit for tat we are going to be talking about trade peace, not about trade war. what is so very obvious is it is the indirect impact that really bites. loss of confidence. >> that's where i wanted to go. >> lots of -- loss of productivity. firms have to pay more for credit. because they are trage tradeing with a partner that may be is h -- so the indirect what we need to zero on. why? ecause we know that confidence once undermined is hard to rebuild. >> right. governance is about leadership. what is your leadership approach that will begin to instill the confidence necessary to get towards your piece of trade? > what we do is to show as clearly as possible that everybody is a loser in a trade war. therefore everybody will be a winner in trade peace. that ke it clear that loss may be higher on some countries and lower on others but everybody is impacted. yvonne: that was the new i.m.f. managing director speaking exclusively with tom keene. >> right. let's have a look at the global growth picture th

how much of a negative impact could these tit for tat tariffs have on the broader discussions between the eu and the u.s.? it seems like a negative framing. >> yes context is key here. this is a dispute involving aircraft subsidies going back almost 15 years. it is a coincidence this ruling will be coming out today the boeing ruling will be coming out. these processes will be suspended many, many years by agreeing on that suspension. talking to the eu trade commission, she says the plan a, she would like to see negotiations continue. she did acknowledge that given the fact that since last summer, she's been working on a broader trade agreement between the eu and u.s., the timing could have been a little better >> strictly speaking, the u.s. is allowed to do so. it comes at an unfortunate moment in time because this has been going on at least two decades where we are trying to find a positive agenda whether it has those effects or not, i don't know. we do tandcontinue and i have wd a year for those >> clearly this dispute predates the trump administration but that meeting between presi

for tat terrorist because come the new year that is when the e.u. will be authorized to levy its own tariffs as well and the e.u. is very opposed to the idea for now saying that in between allies there should be a negotiated truce lauren what about to go back to the airline industry with us will seem to start howley tariffs affect the airline industry do you think well airbus has issued a statement saying that this would severely impact the aircraft industry that airplanes will be more expensive on both sides of the atlantic and in fact for passengers that price could be passed on in the form of airfare tickets as far as the greater trade picture though is the concern is it's much wider because this would essentially open up yet another front in the global trade war the u.s. and the e.u. has been at a tentative truce in that trade war since may of 2018 that's when the white house agreed to end the for tat tariffs that it had started back when trump announced that he wanted to tear of e.u. steel and aluminum imports so if the u.s. plows forward with

news life from ballet business africa with monica jones is up next taking a look at tat the continent's booming tourism sector i'll be back at the top of the top of the. same form. and language courses. video. anytime anywhere. the adventures of the famous naturalist and explorer. juice in the brain clicks on the phone while its 250th birthday we're embarking on a voyage of discovery. expedition voyage on d w. what role did the son of former south african president jacob zuma play in the so-called state capture at a graphic quire in johannesburg today due to sound assume our promise to cooperate with the commission but denied any wrongdoing. also coming up tourism is picking up in africa with many regions investing heavily in infrastructure to benefit from the boom. as the population of lagos reaches 25000000 the question arises how to keep housing affordable while we look to the german competition because palin says rent caps are the answer. to d.w. business africa i want to get in berlin good to have you with us the some no for former south african president jacob zuma has faced a joh

i'm chris cuomo welcome to the program a new round of tit for tat terrorists the united states has begun imposing levies on 7 to have $1000000000.00 worth of goods from the european union the world trade organization approved the punitive measures for subsidies that the e.u. gives airbus planes yes originally went back to the w t o back in 2000 for the duties affect a long list of products like wine cheese or ham the european commission has a list of counterterrorist it wants to impose on u.s. goods as washington subsidizes airbus rival boeing now those new u.s. tariffs on e.u. products kicked in on friday let's take a closer look at how those duties of 25 percent agricultural products impact one of france's most popular exports why. in the boat should a vineyard say this year's harvest has been better than expected despite the frost and trout now it's time for a final taste before the wine is released to the world but this year success some traditionally its biggest export markets the u.s. is by no means guaranteed. that we have folks and that is the 1st time that we've had a 25 percent

amounts to $735000000000.00 in total and that figure could just be the tip of the iceberg the tit for tat terrorists cover a wide array of goods. from steel and aluminum to meat and fish vegetables mushrooms and nuts to tobacco and juice many sectors are affected on both sides of the pacific and as you've heard later today mr trump is supposed to meet a chinese vice premier league ahead past meetings between the 2 have used to progress for example in january china increased its soybean purchases and their february talks resulted in a delay in tariffs earlier i spoke to ranko berridge head of market analysis at monica's europe and i asked him if now that president doesn't trump said he was upbeat the rest of the world should be as well. well it's almost impossible to tell normally when you look at complex trade negotiations between for example the u.k. and the e.u. you can make the assumption that you're dealing with rational actors who are following incentives the problem with u.s. trade policy over the past year and a half is that it hasn't really followed any rational incentives it's. t

it is tit-for-tat, not only with theobvious statement, with united states of america and china, but asoned, , across everyone howt now, this trade war -- would you define the trade war at these meetings, and what is your to do list to remove us from this tit-for-tat? kristalina: we will be talking .bout trade lots of productivity. firms have to pay more for credit. because they are trading with a partner that may be in worse shape. the indirect is what we need to zero in on. why? confidenceknow that was undermined and is hard to rebuild. reporter: right. governance is about leadership. what is your leadership approach that will instill confidence necessary to get to your peace of trade? gieva: what we need to show as clearly as possible that everybody is a loser in a trade war. therefore, everyone would be a winner in trade peace. and make it clear that that loss may be higher on some countries and lower on others, but everybody is impacted. the new: and that was imf managing director, speaking exclusively with bloomberg's tom keene. all right, coming up, a wave of disruptive climate p

[applause] tom: i look at this issue of trait now, and from where i sit position, iteged is tit-for-tat with the obvious statement, but the united states of america and china, but as you mentioned, switzerland, and it affects everyone by now, this trade war. how would you define the trade war at these meetings, and what is your to do list to remove this from this tit-for-tat? kristalina: we are going to get and then meetings and showing this graph, we are going to be saying, we are going to be talking about trade peace, not about trade war. tom: i heard that phrase. who invented that phrase? [applause] and what is so very obvious is if i can up back on the screen -- tom: yes, i want to go do that next. kristalina: back on the screen if i may. great. tom: that is so gloomy, just like the imf. [laughter] kristalina: who says the imf is gloomy? , we are being instituted to help the world have more stability. --have more stability [indiscernible] looking at this graph, what is so very obvious is that it is the indirect impacts that we fight. loss of confidence. tom: that is right where i wa

they don't seem to be, with lots of tit—for—tat escalation going on ahead of these talks and just thiso see this, move from trade or goods to investment. what are we talking about in it would go into that level. i think that is the real danger. two weeks ago, if we would to go to president trump's press conference, he basically said, had my opponent one, we would have been second right now so the message is very clear, the trade war is not going to stop the us feels absolutely confident that china is no longer a threat to the us‘s global economic primacy sir peter navarro came out last week and said, delisting of chinese stocks from us exchanges is fake news but actually that conversation has happened in the white house, and so 180... 180 chinese companies listed across the major boards in the us and perhaps 120 or so chinese companies listed on over—the—counter exchanges, the market, well over $1.2 trillion us. have we not been able to effectively prevent the trade want to escalate into that investment area, the potential impact is seismic, it's far than potential impact is seismic, i

>>ndo muestras de condolencias a la casa de tat tatiana, dice que no hay excusas para que el oficialciones el arma . >> el mismo presento la denu i denuncia estas prgunteguntas t , teniam,os que hacer >> sus papas en arlington, el exagente tambiÉn otra propiedad en fort worth , actualmente se rwesessta estable que sobrino ue su tia levanto la pistola , es el r revolver que esta dentro de la h hbnabitacion el plolicia solo a disparo >> a ningun policia se le enseÑ pasar ;patrios traseraos sin i t identificarocion . >> piensan que la ley no afect a a ellos Ñpor ser plolicias al r verse asi idicenm ; podemos e i encubrirlos >> la comunidad exige justicia mientras tanto la policia pide c confianzade tatiana . atos de licencias de conducir . ->> con la ley firmada por gb gobernador california se sunma a la ley ademas, extienden petic o peticiones al estado de c california prohibiendop arrestos en las costrertes del estado >> activistas hacen el llamado dreamreers , cristina londoÑo tienenn soÑadores para completar el proceso . >> la familia degustiada, a s o inmigracioinmigracio >> le dig

this is newsnight from business africa with monika jones is up next taking a look at tat the continent's booming tourism sector i'll be back at the top off the top of the. language courses. video. anytime anywhere. and the adventures of the famous.

have that tiresome trieste from 25 percent to 30 percent so expect that they'll be a sort of tit for tat on that and that we may well see an agreement along those lines with currency pact. oh we going to see progress on the big issues well we've had the vice at the deputies meeting ahead of this meeting to sort of lay the groundwork there doesn't seem to have been a great deal of progress on those big issues so expect we'll have a sort of smaller deal maybe agrees with an agreement to look at the bigger picture later on of europe briefly is there any way of estimating how much this trade war that has been going on for over a year is costing the world you know the impact is so broad ranging that it would be some incredible math required but it seems like the i.m.f. have done that incredible mass for as they've estimated that it's going to cost the world economy $700000000000.00 by the end of this year the u.s. china trades i mean we've seen the impact on the chinese economy at least it's slowing down it is fastest rate the 27 is so 13th round of talks a lot of people having that be the lu

and as a result you are allowed to do some tit—for—tat measures and impose subsidies on goods and servicestion if you like, for the lack of subsidies, the lack of help that boeing was getting. so they originally wanted, i think, about $11 billion worth of ta riffs i think, about $11 billion worth of tariffs and the wto cut that and said $7.5 billion is allowable, it's fair. so what the us has done is basically looked at things like the dairy industry, cashmere olives and scotch whiskey, so basically everything in life that gives you pleasure... laughter. the us that they are going to impose tariffs. for the scottish industry, it's incredibly punitive because it's worth about $1 billion. it is one of scotland's largest industries. 22% of all the exports go to the us in terms of single malt, and the scottish whiskey association has reacted in extreme shock saying the uk government must do more to negotiate on this. it's incredibly important, especially as we head into brexit territory. the papers are focusing on this idea, on this one issue, scotch whiskey, but wider implications for the who

waiting for the w t o to give green light to slip tariffs on the americans so that it would be a tit for tat and it would be logical to sit down and to for try to find a settlement but in the times of trump trade it was you never know what will happen next yeah it would be logical but there's also an emotional side to this i mean what's the prevailing mood that in brussels is the e.u. people tired of dancing to the whistle of the white house in terms of trade. yes they are and if they could they would of course kick his behind as soon as they can but this is not how trade policy works of course so the american the american economy is much to big to kick them and the leverage they have is huge you have to keep in mind that they already steal terrors in place and countermeasures from the european union and the big tariffs looming don't trump the president is always threatening to do that now i know when the next deadline in this could really hurt the car industry in europe and also in germany badly get that from brussels thank you after the bankruptcy of a british travel operator thomas cook f

beijing and washington were trading tit—for—tat tariffs with some $470 billion.nd washington, after trump removed india from a preferential trading scheme. both india and china have their own domestic problems. in india, people arejust have their own domestic problems. in india, people are just not spending, and in china, the slowdown has been more gradual. one of the main reasons for china's slowdown is deadly swine fever which has hit the world's largest producer of pork. india and china are locked in a border stand—off, and tensions are high over beijing's relationship with pakistan. new delhi is also not too happy about china's plan to expand trading routes in the region. but given that both economies have their own problems, the leaders may decide —— put aside their differences and try to work together. in other news making headlines, japanese carmaker nissan hasissued headlines, japanese carmaker nissan has issued a stern warning about a no—deal brexit. its british division says it works with lower margins and its operations could be injeopardy, in sunderla

the judge ruling tat the impeachment inquiry is legal. the justice department says it's reviewing the decision. and the details of this story, well, if sounds like something out of a hollywood caper movie. sources telling cnn tonight tat the feds blew the door off a safe as part of their investigation of those two recently indicted associates of rudy giuliani. no word yet on what they might have found inside that safe. but we have learned they subpoenaed stephen fruman, a brother of one of the giuliani associates. and speaking of rudy giuliani, this is just classic, the president's personal lawyer left not one but two apparently accidental voicemails on a report's phone this fall in which he was heard discussing needing hundreds of thousands of dollars and disparaging the biden family. he called that a butt dial, did it twice. that's according to nbc. giuliani telling cnn's dana bash he thinks the voice mails are actually helpful because they show he didn't do anything dishonest and also said it had nothing to do with ukraine. but this is

tell us what was in tat lter and the kind of response it's getting, especially from the president's own party. >> again, the president is really alienatinandangering republicans at a time when he critically needs republicans on the hill, in the house and the senate to be on his side because of this impeachment inquiry. i want to read what the president released today. it's a letter to thede pre of turkey, date october 9. it says in prt, "let's work out a good deal. it will look upon you forever as-- history will look upon u forever as e devil if good things don't happen. don'ting a tough guy. don't be a fool." that's president trump really trying to give rep tublica say, look, i'm being tough on turkey here. now, reblicans who were also in that meeting at the white house, are back up the president. kevin president was actually trying to get things done and nancy pelosi was really ovelye oliticizing eting. but what is clear is that there is bipartisan condemnation of the president's actions and theg house ing to beooking into a sanctions package that is going to be above what the sprt do

as for the move could trigger a wide a tit for tat transatlantic trade war. and your castro joins us live from washington d.c. how does this dispute start. lauren it actually goes back 15 years it was the united states that 1st filed a complaint with the world trade organization accusing the european union of illegally subsidizing the european owned airbus the leading competitor of of course the u.s. owned boeing and what happened was because the u.s. filed its claim 1st in the world trade organization deemed that claim credible it essentially means that the u.s. got a head start but what is missing from this picture here is that the european union only 9 months later filed the exact same complaint against the u.s. government for also in its words illegally subsidizing boeing and in fact the world trade organization over the years has ruled that both sides are guilty just the fact that the u.s. case was submitted 1st that means the u.s. may impose its tariffs 1st which leads us to the announcement today from the united states of the forty's 10 percent tariffs

have anything to do with the course of the stock orond markets or anything else in your portfolio, tat's an elegant part mix. david: so do you ever, say, do research on a comy ny and then-- let's company-- and then you call up or somebody calls up the ceo an csay, "this is a way yld "improve your company, do this and that," and they say, "that's a good idea. sh i had thought of tha? that's interesting. the way you're asking the question, it presupposes that the respoof the cos either anghiding under their desks or some combination. eitand that's wrong, uyou would say?ks paul: no. sometimes, you're actually knocking on an open door. my style and our style as a teais doing the work as troughly as we can to develop a thesis, to assesrewhether we think therly is an aioion or a series of a that could be taken to eliminate underperformance or ameliorate a situation, mp then contacting a y privately, testing with consultants or bankers, testing our ideas, and trying to generate a dialogue, d and sometimes, you f thatg testing our ideas, on an open door. some there's a founder or a management te

ta riffs they will look at tit—for—tat tariffs and presumably they will mirror the tariffs that have lastjuly, a year ago bourbon exports to europe lastjuly, a yearago in bourbon exports to europe lastjuly, a year ago in 2018, that has cut export sales to the region by 21% according to the distilled spirits council and the united states. that isa council and the united states. that is a big number but what we do not know is that whether the ee will increase at tariff from 25 to saves them ask a 50% or go to other goods. thank you. it would be ironic if a brexit deal with the united states, post brexit would wipe out some of these tariffs. and breed new life into the scotch whisky industry and perhaps other industries as well would want to watch. well, as you can imagine, scotch whisky producers over here in the uk are deeply concerned about the new tariffs. a statement from the chief executive of the scottish whisky assosciation reads, "the us is our largest and most valuable single market, and over £1 billion of scotch whisky was exported there last year. the tariff will put our com

they're the ones behind this attempted coup de tat but this is the merino also said that he is willing to negotiate a solution to the crisis with the indigenous movement the government has also ordered a curfew in areas close to government buildings insta t.j. can still ations the order prevents public access to these areas between 8 pm and 5 am local time while the national state of emergency remains the indigenous people that are protesting here very clear they won't move until lenin merino suspends the economic measures that hurt him so much they say that will they will stay here they will protest and they were. talking to r.t. the former ecuadorian president rafael did say that the government is trying to shift the blame for the current unrest. it's a difficult time for my homeland this shows the politics of merino in his government he's already been in power for 2 and a half years and he still blames korea for everything economic crisis for security for his political faults and to say that these mass protests to my fault is just crazy. and then he marino is not interested in democ

. >> there's another case against us coming and if it's tit-for-tat, it will be more pressure on thehe other side of the coin is we knew it was coming, it's a 10-year-old deal, do we have to impose tariffs right away. could we work out something beforehand is another option. >> the comments from european investors was this a more restrained reaction than was expected. the market in germany sold off pretty dramatically. they've got bigger problems in europe than what we're doing in response to a wto. frankly, i think it's great that we actually saw this case through. this is the biggest award ever from the wto. that says a great deal about how justified we were, the united states was, in bringing this case. maria: welcome news for boeing, i'll tell you that much. it's been a tough road. >> it's not wrong that we need to challenge the situations. so we're all on the same page here. the eu together is our biggest exporter, we export more there to anywhere else in the world. this will affect more exports that are already down. we have to recognize the consequence to this. that's all. >>

it is the latest and escalating tit-for-tat battle between washington and beijing.alks are set to restart tomorrow. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more i'm vivianantries, hurtado. this is bloomberg. francine? francine: let's stay with the economic slowdown and the global financial crisis. from the world economic forum, the subject of global competitiveness, i am very pleased to be able to speak with the managing director of the world economic forum and ahead of the center for the new economy, and she joins us now from geneva. thank you so much for giving us a little bit of your time. the report gives us a good picture of what we should look at with a main pitfalls and the challenges. what surprised you in looking at the report? >> despite the massive injection of cash in the global economy, from the largest central banks alone, we have not really spent as much time investing in dealing with not just his short-term emergency with the crisis but the long-term emergency, which is produc

and this all comes as the world's 2 largest economies remain in a tit for tat trade war with no solution in sight heading into the 13th round of trade talks next week so with this mixed bag report expectations for an october rate cut declined to just about 75 percent from 93 percent. and here to dive into the details with us is our 2 correspondents are among tuesday august sarah welcome back you know these numbers that we got out today what are the projections look like generally and perhaps more importantly how did they do compared to expectations for the alterations game according to the u.s. bureau of labor statistics so to stix the unemployment rate did decline to 3.5 percent last month this is the lowest since december of 1969 so again but the non-farm payroll increased 513-6000 now we're seeing this in a few sectors especially in manufacturing for example that saying into its worst in a decade this is highly.

at the same time we remember what happened last year when the 2 countries exchange sanctions tit for tat sanctions that really hurt the turkish economy so that's what many people here are still afraid of when trump is threatening to the stroy the turkish economy yulia han in istanbul thank you yulia and a quick check now some other stories making news around the world european union interior ministers are meeting in luxembourg hoping to end the deadlock over who should take in migrants rescued at sea germany france italy and malta want other e.u. states to back a plan they read last month to distribute migrants throughout the walk. german police are removing climate protesters blockading streets and central berlin activist group extinction rebellion says that several 100 people camped out overnight as part of a wave of civil disobedience similar protests are taking place worldwide to pressure governments to do more on the climbers. on the shamrocks president barham saleh has condemned attacks on protesters and journalists during a wave of anti-government unrest earlier the government ack

as we heard earlier, it is almost like a tit—for—tat retaliation which has perhaps unwanted consequences. let's move on to vaping. vaping and formula i. the headline, vaping backlash threatens to slam breaks on f1 backlash threatens to slam breaks on fi sponsorship, what is going on? this is twofold. as we have known from before, the sponsorships from big tobacco companies in the formula 1 big tobacco companies in the formula i were banned. big tobacco companies in the formula iwere banned. now, they have moved oi'i iwere banned. now, they have moved on to vaping, the slightly less harmful product, and they are hoping to strike these new partnerships to sponsor to strike these new partnerships to sponsor f1. now, in some countries that's very stringent laws and rules as to how you can do that, or not. so it isa as to how you can do that, or not. so it is a bit ofa as to how you can do that, or not. so it is a bit of a problem because the tobacco companies are hoping to get exposure, but there was rules prevent them from doing that, so some of their logos are being stripped from the side

name any specific companies or nations but it is expected that it is a response to the ongoing tit for tat between the west and china's wall way. time now for a quick break but stay tuned because when we return bank profits may be soaring but . right. standing by to break down the banks and there. are those here are those market numbers that. would be possible if united. and increasingly. so. refuses. to say. north korea. would be. worse than to. talk about one of the worst cases of predatory banks stirrers defrauding and abusing the poor and. that i've seen in a couple years you know we've introduced you to many instances of bankers preying on folks but this is this is really happening. just. a very warm welcome to you you're watching us inside. a paradise with some ground into a round the experimentation field cultural chemicals we know that these chemicals have consequences they are major here there's no question otherwise why would the chemical company workers themselves be geared up that suited up locals attempt to combat the on regulated experiments that often in you have many of the

shot and killed her neighbor in his own apartment is now in the hands of the jury at this hour.wh he tat from dallas. >> reporter: tonight, precosutors pleading for justice. >> this is not one of those things where you can just say, "whoops, too bad for you, buddy." >> reporter: the defense begging for mercy. >> she has to make that split weigh st-old forayrial thamawos ean's apartment last year, thinking it was hers. this dramatic body camera capturing the moments after she shot him. >> i thought it was my apartment. i thought it was my apartment. >> reporter: she claims she feared for her life. >> i yelled at him, "let me see your hands, let me see your hands." >> reporter: but prosecutors citing neighbors who say they never heard verbal commands. >> not one of them heard you say that. >> i can't tell you why.t' el w>>l, >> reporter: today, prosecutors reasserting that guyger was distracted that night, sending racy messages to her former partner who s married, and then, she missed obvious signs that she was on the wrong floor. >> he is sitting on his couch eating ice cream. >> reporter

at the same time we remember what happened last year when the 2 countries exchange sanctions tit for tat sanctions that really hurt the turkish economy so that's what many people here are still afraid of when trump is a threatening to the stronger the turkish economy yulia han in istanbul thank you yulia. let's get a quick check of some other stories making news around the world german police are removing climate protesters blockading streets and central berlanti activist group extinction rebellion says that several 100 people camped out overnight as part of a wave of civil disobedience similar protests are taking place worldwide to pressure governments to do more on the climate crisis. brazilian police have opened an investigation into possible criminal activity surrounding an oil spill off the country's north eastern coast oil slicks polluted beaches over the weekend and cleanup efforts are now underway the country's coastal region has is renowned for its sandy beaches and its popular with tourists. it's still to come on t.v. it is. to be. the 1st segment you will be good to teach you

it sounds like a bit of a tit—for—tat conversation. what do the public think about it all?cott morrison that he respected the right ofa morrison that he respected the right of a free press and said it is fundamental to a liberal democracy such as australia. but he did say that he wasn't above the law and any other member of the australian public not above the law nor were any reporters. the government has set upa any reporters. the government has set up a parliamentary enquiry looking into the impact that these very straight national security laws do have on the media here. that parliamentary committee is due to hand down its report in the next few weeks. we have heard that intelligence officials have told that committee of mps that at times, highly secretive information must remain just highly secretive information must remainjust that, highly secretive information must remain just that, secret, highly secretive information must remainjust that, secret, because highly secretive information must remain just that, secret, because of australia's national security. as to what

name any specific companies or nations but it is expected that it is a response of the ongoing tit for tat between the west and china's wall way. time now for a quick break but stay tuned because when we return bank profits may be soaring but many. jobs left right and to restructure naylor standing by to break down the banks and there. are those here are those market numbers that. you know long as the only country shown was that some of the united states removed the sanctions and then talks would be possible lots of united states refused to do so there's a deep and increasing mistrust to argue with martin states because over there all the funds are used to do it so there wasn't a real concern that if you're on goes through the negotiation munich assurance with the united states and then the united states again refuses to move to sign shows like the same. north korea everything would be. worse than. the brain does know it. in the way. that you see when you going to win every time you. come liberate you damage it in a way that comes up insatiably of the brain is incredibly sent delegates. yo