trade office says it expects to enter talks with the e.u. in a bid to resolve the dispute we spoke to a political science professor about the impact this all has on western relations. so if gone to start the dispute within the alliance and interest while it's rivalry between the united states and the e.u. then this threatens the unity of the western blot the fact that the u.s. is taking this ruling would pose severe pharaoh so the goods reflect either some severe problems economic problems in the united states or a possible position for some sort of. action. in the world perhaps military action under the current situation with president roh he has definitely asserting that dominance and he is demanding that your subordinates so you see the u.s. demand the european leaders or not ok with. number one but number 2 they are caught because they don't have any way out. you walk in governance put an indefinite kef you on the capital baghdad amid reports of more than i dozen deaths sent hundreds of injuries as a way to find a protest sweeps the coun

>> as you might imagine, ahead of the actual details from the trade rep's office, we have had that ruling. very soon there after, the office for the trade commissioner issued a statement which she said this would be country productive we heard from the finance minister in france that american sanctions would be, quote, an economic and political error since the trade rep office came out with some of the details they intend to target, what i've heard from the commission and officials at the commission specifically is that this was no huge surprise. this is morer less wh or less wy expected to give you a time line, we know there will be a special meeting called inside a panel. they will meet on october 14 once they formerly adopt this ruling, it can become enforceable. jean-claude, the european president talked about the impact this would have on individuals across the european union. >> this is so much more than numbe numbers. trade was about likelihoods and jobs trade was quick to start and raising quickly. however it starting, a trade war will end quickly in its own camp trade based on a

trade office says it expects to enter talks with the you in a bid to resolve the dispute european affairs expert will rasmussen believes ordinary people will suffer the most not the corporations. it's a very complicated world out there right now i mean with this could be we won't know really the immediate impact him especially when you look at aircraft aircraft or long. you know long lead time in item so i mean many of our airline buy from both boeing and airbus and that. this could have ramifications down the line on their bottom line as well so it could be not in the bill in the near term but the long term you could see prices increase will you get the price then from other apollo being the terror of. the company not the kind of paper that the average person that they hear that the bottom line and i think you're this could disrupt the white cane in the just that addition to what's going on in asia and therefore he put additional pressure on. global trade in the global economy within the next year. international relations are the focus of russia's annual vala dying conference thursday's

into a situation where we will have no other option than to do this saying the us trade office says it expects to enter talks with the e.u. in a bid to resolve the dispute european affairs expert are all restless and believes ordinary people will suffer most not corporations. it's a very complicated world out there right now i mean this this could be we won't necessarily the immediate impact in him especially when you look at aircraft aircraft for a long. you know long lead time in item so i mean many of our airlines buy from both boeing and from airbus and this could. this could have ramifications down the line on their bottom line as well so it could be not in the bill in the near term but the long term you could see prices increase well you could see prices been preached from other apollo being the terror of. the company that's not the kind of that paper that it the average person that that's the bottom line and i think you're this could disrupt the supply chain in the just that addition to what's going on in asia and definitely put additional pressure on. global trade and the globa

trade office says it expects to enter talks with the e.u. in a bid to resolve the dispute we spoke to a political science professor about the impact of this all house on western relations. so if you've gone to start that dispute within the alliance and interest rivalry between the united states and the u. then this threatens the unity of the western blot the fact that the u.s. is taking this ruling could pose some very. good reflects either some severe problems economic problems in the united states or a possible position for some sort of action. in the world perhaps military action under the current situation with president roh he is definitely asserting that dominance and he is demanding that your subordinates so. u.s. demands the european leaders or not ok with. number one but number 2 they are caught. they don't have anywhere no. supporters of feeling the songs have held a vigil in berlin while the wiki leaks co-founder continues to wait for his extradition hearing and then one prison i gather next to the brandenburg gate in the german c

trade office says it expects to enter talks with the e.u. and they bid to resolve the dispute european affairs expert errol trust myth and believe ordinary people will suffer the most not the corporations it's a very complicated world out there right now i mean this could be we won't necessarily the immediate impact him especially when you look at aircraft after a long. you know long lead time in item so i mean many of our airlines buy from both boeing and from from airbus and this could. this could have ramifications down the line on their bottom line as well so i think the not in the deal in the near term but a long term you could see prices increase on aircraft well you could see prices increase from other fall of being terrible it's not the company to suffer some of these that pay for that is the average person that's safe here that's the bottom line and i think your this could disrupt the supply chain in the just addition to what's going on in asia and definitely put additional threats on. global trade in the global economy within the n

trade office says it expects to enter talks with the e.u. in a bid to resolve the dispute european affairs expert over us and believe ordinary people will suffer the most not the corporations. it's a very complicated world out there right now i mean this this could be we won't necessarily see the immediate impact and especially when you look at aircraft aircraft or long. you know long lead time air items so i ming many of our airlines buy from both boeing and from from airbus and this could this could have ramifications down the line on their bottom line as well so i could see not necessarily in the near term but a long term you could see prices increase on aircraft well you could see prices increase from other follow up being terrorists it's not the companies it's not the kind of freeze that pay for that is the average person that saves terrorists that's the bottom line and i think you're this could disrupt the supply chains that in the just addition to what's going on in asia and definitely put additional threats on. on global trade and th

trade office says it expects to enter talks with the e.u. in a bid to result the dispute european affairs expert restless and believes ordinary people will suffer from the tensions not the corporations it's a very complicated world out there right now i mean this could be we don't know really the immediate impact in him especially when you look at aircraft aircraft or long. you know long lead time in item so i mean many of our airlines buy from both boeing and from airbus and this could. this could have ramifications down the line on their bottom line as well so i think the math in the bill in the near term but the long term you could see prices increase your cravell you could then from other a follow up being care of it's not the company it's not the kind that pay for that of the average person that they are that's the bottom line in it and i think this could disrupt the like chain in the just that addition to what's going on in asia and definitely put additional pressure on the. global trade in the global economy within the next year. the

trade office says it expects to enter talks with the e.u. in a bid to resolve the dispute we spoke to a political science professor about the impact this all has on western relations so if you go on to start the dispute within the online interest rivalry between the united states and the u. then this threatens the unity of the western wall the further the u.s. is taking this very route. so there's severe. floods even some severe problems economic problems in the united states or a possible position for some sort of. action. in the world perhaps not. on the current situation with president roh he is definitely asserting that dominance and he is demanding that you are for the so you think you have. the european leaders or not ok with. number one but number 2 they are caught. they don't have anywhere no. he walk in government has put an indefinite curfew on the capital baghdad after a wave of violent protests across the country. more than a dozen people have been killed and hundreds more injured the army has clashed with protesters while trying

trade representatives office says they will have deputy level meetings continuously until they get this right. also another phone call in the near future between heads of the two trade teams. the president, administration, would like to sign this in the next 2 1/2 weeks at the apec summit. >> there is optimism and we're having talks on schedule. phase one includes a very solid chapter on intellectual property and a good start on this issue of forced technology transfers in that the chinese are accepting the rule that the government of china must knot force technology transfer. reporter: more goodwill there. the u.s. trade representative's office saying that they're adding more exemptions, more exceptions to the tariff list. the original $200 billion worth of stuff that went under tariff, these are some of them including big items. clock or watch movement. ceiling tiles. electric fireplaces. countries can get the tariffs repaid on tariffs back to september of 2018. back to you. melissa: edward, thank you. all three major averages ending the week in the green. let's go to gerri willis for

trade office because they'll have a slightly less impact on the average american consumer but in a few months as you mention that very likely the united nations its excuse me the european union will have its chance to impose the world trade organizations sanctioned tariffs punitive tariffs on the u.s. so the circumstances are here for possibly an escalation in this trade war. how will the slightly impose industry itself. right well they are certainly at the center of this and so airbus has issued a statement saying that this would severely impact their industry it would mean more expensive planes on both sides of the atlantic and more expensive air fare for travelers but if you look at the greater trade picture this ends the tentative trade truce between the e.u. and the us that has held the sense july of 2018 if you remember trump at initially impose tariffs on steel and aluminum imports from the e.u. and now he's still i possibly tariffs on european made automobiles the european union has said that it wants to avoid all of this that it thinks there's still time for a settled negotiat

trade rep's offices. what is happening behind closed doors? we are going to take you right up to those doors in just a moment live. the wework mystery, that is still not solved, but who is to to -- who is really to blame? is it parting ceo adam newman, or did the initial investors fail to rein in a hot shot ceo with a disruptive and ingenious idea? the father of modern venture capital is here to tell us where wework went wrong. the chairman me discuss of gray croft is joining us in just moments. again, with green on the screen still here, we are less than an hour to closing bell. let's start "the claman countdown." ♪ ♪ liz: to this breaking news about general motors, the stock is moving higher by about 1%. you know, volume spike on reports that ceo mary barra had a clandestine meeting with senior uaw officials yesterday to figure out some kind of way to end what you see on your screen, the ongoing more than three-week-old strike that has now, with the latest number, cost the largest automaker more than a billion dollars in lost profits. source

trade representative's office putting up an update on what is going on with those china talks, sayinghings are still going well. they are still finalizing some sections of that trade deal, but say, "the two sides are close to finalizing sections of an agreement." u.s.-china conversation to continue. that is the detail that we have for the ustr. let's check in on the global markets right now. here's abigail doolittle. abigail: those trade headlines not having much of an impact on trading, at least for equities. take a look at the s&p 500 in the u.s., up about 0.3%. higher on the week as well, the third up week in a row. the ftse 100 down about 0.2%. relatively small moves on both sides of the pond. about 0.1%.wn still holding onto some key technical levels, although we may see continued consolidation. there's terminus uncertainty, of course, around how brexit will shape up. the shanghai composite up 0.5% in the asian session. overall, i bit of a modest risk on tone. on the year, we have an interesting divergence. we had many guests on the european close talking about how u.k. risk asse

trade rep treasurythis office -- secretary mnuchin has left the u.s. trade representative's office. up 19 pointsclose on the s&p 500. steady gains throughout the day. movesmpressive emphasizing the overnight action. >> volume is not above the average. it is just above the 20-day average, and banks leading the day. volume below average. let's look at what is driving the action in these numbers. abigail? we had a higher close aaiia cks, but reading is that a three-year low. at a the reading is five-year low. valuations climbing. similar in 2017 into the all-time highs of january. were looking at another low.gent at a three-year the last time we saw that the vergence, it is the bulls that caught up. maybe gains will be in the lead towards the end of the year. >> i'm looking at shares for one company up ahead of her earnings. unless looking for this company -- analysts looking for this company to be a bellwether. the stock gets 80% of sales from customers, manufacturing and construction markets. as you look at a chart in my terminal, industrials have been lagging for the third straight

trade representative's office is to hit europe where it hurts. >> plus, an exclusive conversation with indonesia's president. he pleasures reforms that will attract investors. promises reforms that will attract investors. it's all ahead on "bloomberg best." ♪ hello and welcome. this is "bloomberg best," your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. let's start with a day by day look at the top headlines. week began with markets on edge in the wake of a bloomberg report the trump administration might set limits on u.s. investment in chinese companies and financial markets. on monday, the white house walked that story at least part way back. u.s. has no current plans to stop chinese companies listing on american exchanges according to a treasury official in response to a bloomberg report the administration is looking at ways to limit flows into china. it comes at a china -- at a time when china is looking to close its market to foreign investment , so what have the chinese said so far in response to the news?

trade representative's office after the phone conversation they're close to finalizing the language inhe phase one deal on a number of sections. chinese trade sources tell us they were planning on asking the u.s. trade delegation to roll back or repeal the tariffs on december 15th. that is 15% on $300 billion, the rest of the 300 billion, the stuff which buy for christmas. chinese asked for that. something president donald trump seemed to confirm when leaving the white house today, listen. >> we're doing very well with china. we're very good with the farmers. the farmers will do better, maybe than anybody. everybody is doing well. china wants to make a deal. they would like to see some reductions in tariffs. they would like to see tariffs scheduled to go on very soon. they would like to see them not go on. china, you know it. they really want to make a deal. they will be buying much more farm products than anybody ever thought possible. reporter: u.s. trade representative robert lighthizer saying that there would be continuous conversations at the deputy level trying to get this done.

trade representative's office with the very latest. edward?eporter: charles, i can tell you these talks started about 30 minutes before they were scheduled to talk and they have been working through lunch. they passed through a break in the schedule on this i can't tell you if that is good news t could be good news. it could be they reached a sticking point. in any case they are still talking which is good news here. chinese trade sources said the chinese would like to work out a deal on parts they already agreed upon, that both sides agreed upon and lay a timeline out what comes next year for those difficult points. following the guidelines they're looking at sort of the japanese-u.s. deal where they have a deal on agricultural and digital trade. move forward with the rest of the stave later on. the u.s. wants to know what concessions chinese are putting back into the trade deal that u.s. trade representative robert lighthizer says was removed from the trade deal. the mood of the talk had soured this week. in fact the chinese a little upset 2

let's talk more about the market expectations heading into tomorrow's trade talks joining me is trading officer. are you expecting anything, be it skinny or small or paired down this week, neck week? >> it seems like both sides are talking about the possibility of a narrow deal, maybe more agricultural purchases and i think this is a great discussion that you all are having on the desk in terms of if we simply postpone tariffs that have been threatened but not implemented, how big a deal is that again, short-term it's good news we're moving a threat or at least postponing a threat. does it change uncertainty, does it unleash cap x i would argue probably not and even if we have a small trade deal, now we have election uncertainty. if i'm a ceo and i don't have to make an investment right away and i can wait and see what happens, i'm probably going to wait and see what happens. it probably puts a cap on things but you've got amazing aggressive global central bank easing providing an offset so i'm kind of thinking about this as a muddle through economy and market that trade deal, whatever happens

lighthiser and the trade office from the white house are negotiating right now with the speaker, as well as trying to earn support from labor groups. i don't know the specifics of the negotiations. this is within the jurisdiction of the ways and means committee as well. i know chairman richie neil is working hard on it. but for sure we know nafta is not a great agreement. it's something that has to be updated. but the question is whether what comes out of this would be better or worse than what we have now. in one regard, i have introduced along with some of my colleagues a big concern about provisions that would lock in what are called exclusivity periods with regard to biologics and prescription drugs. to me, that has no business being within the trade agreement because it basically prevents us from lowering the price of prescription drugs, which would be a horrible outcome. and something that a lot of us want to see out of the agreement. along with enforcement provisions being stiffened and bolstered within the agreement for labor and environmental issues. >> well, you just outlined w

have to look at the choices that people actually made in order to understand whether or not the trade office were overall advantageous. i'll just make a couple of rapid points with. what is the prospect of america the pro radio policy.? it's not very good, the reason why it's hard to design a policy and i got a lot of political experts but it's a pro nato policy that's not going to lead to more of the rind kind of people of people who make policy. you can -- it's hard to design a pro nato policy that's not going to make more women of color that have more children and that's how they have in mind. i don't really see it in the cards which is one of the reasons why the political talk about the decline and the crisis atmosphere is bad. i don't think it leads to a policy of policy but i think it flames the racist right. and that is a shame. number two, if you are trying -- i thought conservatives were against social engineering and people are choosing how many children they want to have it is not good? when four women or try to have children that american don't think they can afford to have their

trade representative's office said they're making headway on specific issues. they are close to finalizing some sections of the phase one trade agreement. on that call, chinese trade sources say the chinese team planned to ask the u.s. not to impose tariffs on december 15th, 15% tariffs. not seeing the vice president's speech strong enough to stop the trade progress. still chinese saying the speech was full of arrogance, hypocrisy as well as lies. spokesperson for the chinese foreign ministry pushing back on the human rights accusations. turning it around on the u.s., highlighting income gap between rich and poor, pulling back from treaties and mass shootings. we advice people in the night to take a good look at themselves in the mirror to recognize their own problems, manage their own affairs. vice president chief of staff made a point directly, to talk plainly to the chinese government, plus tell them that the u.s. is willing to work with them. >> i think the vice president extend ad hand to say we do not want to decouple from china. we're anxious to have a tr

trade rep's office saying they'll impose those tariffs.he uk commission has said they do not want to see tariffs imposed. they would much rather have a settlement the president of the european commission saying europe would have to respond and respond in kind in terms of when they'll respond, that is the question. they are waiting for the equivalent ruling from boeing and the united states. they may waitle this that moment as a chance. this is an option very much on the table. they'll look at all wto rulings as a reason to impose those clearly on the context of much broader discussion of trade the tension is rising. there is a sense that perhaps they are in relief take us through the expectations where some are not as bad as maybe they thought >> the real question is where these tariffs will land. there will be a lot of smes in countries like italy and france. the wine and cheese makers will feel the pain. they are the ones strugglingto compete in the u.s. market that's where you will get a lot of political anger with the u.s. if they don'

trade representative's office has said it could considerextending tariff exemptions. companies have from december 1 to 30 to pitch why their products should be exemption already cell phones and stainless have been added. beijing would welcome anymore of these exemptions they have been demanding that additional tariffs be removed as part of this trade deal. it confirmed phase one of th agreement had been completed today on state tv, there was a commentary featured that president trump's remark that a deal could be, quote, ahead of schedule is, quote, realistic but not guaranteed, of course. foreign minister was very critical today of the fcc's decision to hold a vote on november 19 to determine whether or not huawei or zte are national security risks. because that designation would block u.s. companies to buy gear from huawei and zte as they try to build out the rural parts, the telecon infrastructure for rural parts of america >> always a pleasure have a good night. >> despite the optimism around trade, your next guest says investors may be ignoring some warning signs

is targeting, and what the ultimate goal is according to the trade office is to hit europe where it hurtsder to get them to the table for a negotiated settlement. there is another case coming up at the wto's year, we europe alleges that the u.s. has unfairly subsidized boeing, so this is for the retaliatory tariffs. sarah, president trump seemed pretty satisfied. president trump: it was a big win for the united states. you did not have a lot of whens -- a lot of wins with other presidents, did you? they think i do not like the wto, and they want to make sure i am happy, because all of those countries were ripping off the united states for many years. shery: sarah, it was a large win, wasn't it? sarah: absolutely. i think they will be happy with the award it got from the wto. as you said, it is a record. that being said, to clarify what president trump was saying there, the wto's main problem, i think, with the world right now in terms of tariffs is that the trump administration is putting up these protectionist barriers, national security tariffs on steel and aluminum, the chinese tariffs

edward lawrence at the office of the u.s. trade representative in washington. gerri willis on the floor of the new york stock exchange. let's kick it off with edward. reporter: melissa, i'm looking over my shoulder any minute that door will open. treasury secretary steve mnuchin has come out of there already. appears the talks are wrapping up for the day. there is a lot of movement, the chinese trade team will be leaving here. this is this round of face-to-face talks, both in marathon sessions started 9:00 in the morning. possibly ending just about now. secretary mnuchin has walked out of the building already. the chinese trade sources saying what they're trying to do, they're trying to get suspension of tariffs, rolling back tariffs in a trade deal to see what the u.s. needs to do from that side in order to make that happen. chinese trade experts are saying in the past the chinese, the past events that the u.s. is doing has given the chinese hope there possibly could be some suspension of tariffs. they look at a japan trade deal which adds just agriculture as

trade representative's office this morning to restart trade talks that got the markets moving, but now

trade representative's office for some eight hours. s say they came here hoping to suspend or roll back tariffs on chinese imports. our trade sources say they prepared to do a deal on parts of the agreement that both sides agree upon and work out the rest later. chinese trade experts say the past offered the chinese hope on that front. >> he was willing to postpone in that case for three months, he's shown that postponing the tariffs going into effect is a gesture he's willing to make. so that would be a positive outcome tomorrow. certainly the chinese feel the pain of the tariffs. they've made no secret about that. so they're in some sense hoping that he will lift the tariffs today, even all of them. i don't think that's very likely at all. >> reporter: the president himself saying that the talks went well today. he says that the tariffs are bringing the chinese to the table here. he says that we have come this far and he would prefer to see a full deal. we are looking for an indication of how things went as they walked out. there seem

trade representative office, bob lighthizer, steven mnuchin got on the phone this morning with vice premier in beijing. they continued their discussions about the phase one deal president trump to sign down at the apec summit in chile. interesting language coming out of the office, saying they are making headway on areas and are close to finalizing some sections of the deal. if you remember back to the announcement a few weeks ago by the president when he had him in the oval office, they made the point that they still need to hash out details and get it in writing. sounds like they are getting their. david: who are the good cops and the bad cops? yesterday we heard from mike pence. he seemed the bad cop. the nba and hong kong and things like that. beijing said, you have problems in your own country. now we have bob lighthizer, usually a hard-nosed, and he is making the nice noises. >> who is good and bad depends on what line you look at it through. i will stay away from that one. the trade relationship is one of the few that seems to be working now between u.s. and china. broadly, the relat

. >> we have gotten word from a trade representative's office, bob lighthizer, steven mnuchin got onhe phone this morning inh vice premier liu he beijing, saying they made headway in areas and are close to finalizing sections of this deal. -- inpositive and that that to lift hangover over global markets and the economy, but the big question is, what comes next after? ritika: still ahead, as we review the week on "bloomberg best," more on the earnings front with earnings from boeing, caterpillar and tesla. plus highlights from the week's most interesting interviews. and more of the top business headlines. sweden's central bank works the global trend and sticks with its plan to exit negative rates. >> the right thing is going slowly. ritika: this is bloomberg. ♪ ritika: this is "bloomberg best ." the week's top business stories. in canada, will the prime minister -- the prime minister keeps his seat, but loses parliamentary majority. a justin trudeau has won second term among scandals. >> thank you for putting your trust in our team. think you for having faith in us to move this countr

nejra: beijing's top trade negotiator officers -- offers positive signals trade talks are making progressides are working toward a deal. the incoming ecb president says president trump's trade war has damaged economic growth, but he could lift that burden if you wanted to. -- if he wanted to. >> the biggest problem trump has is in relation to pricked ability and certainty of the terms of trade. it is the unknown which is hurting. >> kokou agbo-bloua of societe generale is still with us. if you take a more positive view of the negotiations and couple it with what we have were talking about about brexit, would you be tempted to move away from defensive stocks at the moment? kokou: yes. over the medium to long-term, there is value in value stocks. companies that are more exposed to economic growth and inflation. one of the things we are seeing today is the diminishing effect of monetary policy. ,f we were to go into recession there is a huge amount of pressure on government to step in and engage in fiscal stimulus. governments do act under pressure. this is why a 2020 recession could be the

remains the single biggest indicator for the market tonight signs of progress frmgt the u.s trade represent etch offices it might extend the tariff suspensions on $34 nese on worth much c goods.the spupgss are set to exn december 28th. companies have from november 1st to the 30th to pitch why products should be exemptfogain another year. about 1,000 products including cell phones and s stainlessel excluded from a 25% tariff imposed the previous july. the exclusion would be welcomed by bjing. china has been demanding to get all additional tariffs lifted and over the weekend beijing confirmed that some portions of the agreements had been cleated day state tv featured a commentaried saiding t tru pruch remarks that the keel could be ahead of t summit is realist iks but not guaranteed tensions are there.in foreigntryriticized the fcc for the decision to hold a vote on november 19th to designate chinese tech giants huawei and cte as national curity risks. the designation would block u.s. companies from tapping an $8.5 billion-dollar fund to buy gear from huawei and ctz echlt as they look to billed build out

trade representative's office this morning to restart trade talks that got the markets moving, but now stocks have punched from red to green to red, but it was green because the national economic council director larry kudlow said de-listing chinese companies from u.s. exchanges is not on the table, and that a short-term agreement may also be possible. so what's the excuse now for markets slipping back into the red? we are talking to our traders in just a second. >>> now, as small businesses try to dodge trade headlines they are getting smacked around hard by tariffs on the european union. what we are going to do in this hour, we will take you to the front lines to hear from a virginia whiskey producer who is live in berlin. what's he doing there? trying to save his business. and a boston cheese owner fearing the worst ahead of the holiday season. the import/export ramifications of those tariffs. this just as apple grabs for the brass ring with a shot to close at an all-time high. what gives on reports the iphone giant is gearing up to release a new cheaper iphone that's basically a re

trade representative's office said they're making headway on specific issues. se trade

trade representative office to conclude, nail down the issues, as soon as possible to bring it up forote. reporter: gary lock there, ambassador former ambassador is on capitol hill trying to get those democrats to pass the usmca . elizabeth: thank youe edward, battle of vice president, pence duking it out with joe biden over jobs in a swing state that moody's analytics said it the key state to watch for who wins 2020. we bring in dennis gart gartman. the state is pennsylvania. is job growth the president's best case with voters? >> no question, the job growth is probably number one. stock market prob probably twod economy is three. if we think we'll bring enormous numbers of manufacturing jobs back to united states, that is not going to happen. we'll bring some back, some have already come back, but the manufacturing center we were in 1930s, 40s, 50s and 60s? no, i was lucky enough to grow up in akron, ohio, it was rubber capital of the world, every tire on every car in united states was manufactured there, there has not been a tire manufacture in akron, ohio for 20 years. you ask peo

trade representative's office and officials from their have been sitting down with individual companiesrough their transition plans, literally dictating where they would make individual parts. that is pretty spectacular. amanda: it is, indeed. thank you, shawn donnan. from toronto and new york, this is bloomberg. ♪ with i am mark crumpton bloomberg's first word news. house ways and means committee chair richard neal says house democrats are "really" to reaching a deal on the u.s. -- really close to reaching a deal on the u.s.-mexico trade pact. diplomat rafael grassi was chosen today to lead the .nited nations nuclear watchdog the international atomic energy board of governors nominated him. he still requires approval of all 171 member countries. i thinkl do my job and my job is to implement the mandate in a manner which is to defend it, which is fair, which is neutral. i have said when it comes to safeguards and verification, thorough and fair.

trade representative's office says it will take comments on the proposed extension next month. carts even made the list. the move comes as washington and beijing are trying to hammer out a phase one trade deal. we have edward lawrence at the white house with the latest. >> reporter: president trump saying that the phase one china deal is ahead of schedule. he says that he expects to sign it at the apac conference in about two weeks. just listen to what the president had to say here. >> we are looking probably to be ahead of of schedule to sign a h very big portion of the chia deal and we'll call it phase one but it's a very big portion. that would take care of the farmers, it would the take care of some of the other things. it will also take care of a lot of the banking needs. so we're about i would say a little bit ahead of schedule, maybe a lot ahead of schedule. probably will sign it i imagine the meeting is scheduled for chile. >> reporter: the phase one deal will include the entire section protecting the intellectual property of companies. it also opens the chinese market

traded. his oath of office and the american people trump has denied wrongdoing and attack the credibility of witnesses who whopper rated with the inquiry that earned a rare rebuke from a fellow republican i think that we need to show that we are better than that as a nation their patriotism their love of country we're talking about decorated veterans who have served this nation who put their lives on the line and it is shameful to question their patriotism their love of this nation tells democrats plan to vote on thursday to formally authorize this impeachment inquiry even though it has been underway for several weeks so why do the vote now democrats say it's to deflate the republican argument that this inquiry lacks legitimacy because it was never voted upon and are to potentially open these closed door impeachment proceedings to the public castro al-jazeera washington a boeing c.e.o. has admitted that mistakes were made with his 737 max jet which led to 2 fatal crashes dennis miller told a u.s. congressional hearing there were errors in the jet software he said the company failed to give p

office. he has with the vice-premier of china. he is also with his treasury secretary, trade investor, they are all gathered in their taking questions from reporters about all of this on a day where the markets seem to think that a truce is better than nothing and this looks like a substantial truce at that. i want to get to read from john roberts at the white house on all this. john, and publicize of being a little shell-shocked. take it away sir. >> i've just been trying to compile my thoughts as well. neil i walked out did a hit and suddenly got hit by a subway train. holy mackerel. let's try to get to the news at hand as i do just news that we just heard. completely shocking. the president with leo, the chinese vice-premier and the oval office, yesterday the president seemed to indicate things were going well in terms of trade and talks with china. whether treasury secretary treasury secretary mnuchin was in the briefing just a while ago. he was saying that things were looking good and there you see leo coming over from the trade representative office to the white house.

but as we work struggles manhattan has a an oversupply of new commercial offices from projects like world tradeter to hudson yard. flexible office space compani now leaseore than 70 million square feet of space worlwoide, rental rates deteriorate because of the wework factor among oweer things. you're going to see at somein a catalys that's going to kick-off a major repricing. when that happens, you know, it's sort ofatie bar the door. >> wework declined to comment butn one rea i'm old adam neumann was selling thewa buildg to deflect criticism of the self-dealing ahead of the ipo, the ipo now on hold foindefinitely. "nightly business report" i'm robert frank in new york city. >>> u has a uew way of delivering pennsylvania packages where we begin t market focus with the faa gichg the usb the approval to deliver using a fleet of drones. the company initially plans to with a possible expansion t other services in the near future. the ceo also believes this will have an impact on its growt >>> we think it will be an enabler of jobs, especially at the beginning because when you such as drone deliver

. >> washington is considering increasing sanctions according to the office of the u.s. trade representative. the exemption is due to expire on november 28 they are close to securing a phase one trade deal the u.s./federal trade commissions is considering restricting american companies from buying equipment from huawei and zte the companies will be voted on next month the chinese firms will be able to test the partial ban. a look at markets and where it stood. it was a positive day. the s&p closed at a new record high investor optimism coming to a high around the expectations as. >> talking about sentiment if that is improving here. if i want to get leverage to that, should i be going back into emerging markets at this point? >> emerging markets have done quite well if you look at china. they are up 23%, 24% outside of china, it is only 10 to 12% it is being hit very hard by what is going on with the u.s. dollar, which is tremendously overvalued we are looking for that sentiment to improve the emerging market stories is a domestic story then we are positive >> wherever you loo

trade representatives office today. ey are trying to work out a trade deal between the world's first and world's second largest economies. the chinese would like to see tariffs either suspended or rolled back. the president of the united states says those tariffs are what brought china to the table, and he does believe that the meetings went well. listen. >> we just completed an a negotiation with china. we're doing very well. we are having another one tomorrow. i'm meeting with the vice premiere over at the white house, and i think it's going really well. >> the chinese trade sources tell us that this week the mood soured because of some moves the u.s. government made, but some china experts say that the chinese delegation knows that the moves the government makes are separate than the trade itself. listen. >> the 28 entities being put on the entities list, the visas issue, these are not part of the trade talks. these were in the works already. so it's not necessarily extra pressure being added today. >> and the white h

trade representative's office, following boeing, airbus, back and forth. you talked about the drag, jonathan these tariffs could have globally on growth. what do you make of it? >> connell. a lot of airline stocks were down five plus percent today on exactly that news. so this is having an impact on the economy. defenders of the trade war will put forward economy is strong, we are making progress but we're talking about $6 billion a month in tariffs paid by u.s. consumer companies big and small. once again, look at ism data. 50% of companies reporting said they saw an effect on their sales. a third of companies reporting said the trade war is impacting hiring. it is having an impact on economy. days like today it comes to the forefront. connell: to that point, melissa 's question, the cutting a deal with china, with the president under impeachment inquiry do you think he is more incentivized to do it and what could impact of that be? >> i don't think he is incentivized. he will hold his ground. that is president trump at his best. i don't think he will giv