the u.s. at the you in general a simile. with all the downfall .3%. energy producers tried to pull the benchmark up. we saw them gain ground with oil trading at the highest level in four years. nike post orchid fall because they missed on gross margins. instagram founder says they will be leaving the company. let's see how things are playing out for the asia open. to --: we may be looking for a strong move on wall street. we have a mixed session potentially and stock futures pointing higher in tokyo in sydney. over in new zealand were seeing a nudge lower ahead of new zealand's trade balance which is due out in about 45 minutes time. and we are waiting on singapore's factory output along with japanese machine tool orders. that will continue to reflect the short-term impact of u.s. -china trade tensions after resolve that contraction in the numbers for august. given latest bout of trade wars, keep an eye on what's going on with japanese stocks because they look set to extend gains after a seven

the u.s. says european companies are bowing to its pressure and leaving iran but folks slogging declines to confirm its pulling out of that market even after the us ambassador to germany says the carmaker would do so. also on the program a deal reached in july to avert a trade war means that most soybeans consumed in the e.u. now come from the u.s. . and the largest part of the migrants who arrived in europe three years ago still haven't found work but with job markets tight some employers say they might be able to help again. for business on the w m how yet again it's good to have you with us the u.s. ambassador to germany says chemical company. will shut down operations in iran he sees it as a result of the trump administration's combination of sanctions and threats against anyone doing business with their country while neither of the companies has confirmed this version other german giants have already left the iranian market the e.u. is trying to encourage european businesses to bypass u.s

the u.s.eading those gains. we have seen the net change in yields in the last two weeks come of this white line, the u.s. 10 year, up 16 basis points. germany taking up heavily in the last couple of days. still in their slumber, but holding steady at the boj trimmed bond her chances on the super long end of the curve. rishaad: talking about that and the general assembly, tehran reacting to donald trump's latest missive. that is one of the first stories in her first word news headlines. has announced u.s. sanctions as unlawful and amounting to economic terrorism. president rouhani said the trump administration wanted to make international institutions are relevant and is approaching "nastycy with a disposition." said dialogues starts with ending threats. india has bowed to u.s. pressure and will not like iranian oil in november when president trump's new sanctions come into effect. ordered crude not for november loading come up while other refiners say they have no plans to do so. final decisio

u.s.conomy vulnerable? and italian bond investors run for cover ahead of what is potentially another month of political turmoil. we start with the big issue, pain in emerging markets. >> emerging markets has been hit quite hard. >> global liquidity is actually on the retreat. that will definitely leave traces in emerging markets. >> some of them are in good shape, some of them are not. they are all being tarred by the same brush. what that means is investors who are careful about looking for the nuggets are going to find some really good opportunities. >> we do see some selective value there. what has hurt the emerging markets has been the strong dollar and the fed tightening and higher u.s. interest rates that has caused capital to move out of emerging markets into the u.s. but the point is that a lot of the dollar strength, most of it, who knows when the dollar will peak, but a lot of that has happened. >> we will see points in time where investors start splitting their interest between

u.s.enchmarks to new heights, with optimism that trade tensions mak may is. ease. and oil pullback and in new york and london as president renews his a track best president trump renews his attack on opec and prices. >> let us cap a quick reminder on how u.s. stocks ended, they set new records with risk appetite surging. investors continued to shrug off concerns about trade tensions. we saw the dow catching up to the s&p 500 and the nasdaq, rebounding from the losses we saw earlier in the year, while the s&p 500 gained .8%, being lifted by tech, health care and financial stocks. the nasdaq gaining the most in six weeks. let us see how this stresses to asia. here is sophie, routing. sophie: after that rally in wall street come of it could be in for a happier fighting in asia. the convergence among global well. is alive and even as it comes down to the imposition of u.s. terrorists against china on monday and the fed rate hike that hasn't baked week. next there is speculation that china will

u.s. and canada look president trump has already threatened to push ahead with only mexico. who meth korean envoy kim jong-un saying he wants to remove nuclear weapons from the divided peninsula during president trump's first term. officials say can told them he will accept measures to curtail its nuclear program and wants to bring an end to the nuclear -- korean war. president trump responded with an optimistic tweet but the state department says much remains to be done. kansai international airport partially reopens friday for domestic flights. airportthird largest was flooded by a typhoon earlier this week after a near direct hit. bridger crashed into the that is the airports sole link to the mainland and it is not clear when full operations will resume. nike shares rose a second day, recovering more of what they its as billboards for introvert -- it's controversial ad campaign go up. nike has a raised $3 million in market cap but now apex marketing is valuing the media exposure at more

with if we move forward the u.s. mexico trade agreement are labor issues addressed in the bilateral deal? guest: superficially. what we have seen is there is text about guaranteeing a certain level of salary for a percentage of the content of automobiles. there are new provisions in terms of labor standards that are consistent with what was agreed to by mexico in the tpp. but this is not a solution for the economic transformation we are experiencing. i would like to emphasize what laura said. this is a very real problem that is not going to go away. there is no point in blaming nafta but you cannot ignore the problem. something needs to be done in all countries. we focus on the united states but mexico is about to be hit hard by automation in the fourth industrial revolution, because of the kind of economy it has. the kind of manufacturing, relatively low skills. we need to focus on retraining. terms nafta 2.0, new nafta. if some trilateral deal does get done, do you think there is any way president trump cause it na

u.s. high-yield on leverage loans? >> high. u.s.eld by a wide margin. >> i'm going to pass. >> leverage loans. from new york, that doesn't for us. we will see you next friday at 1 p.m. new york time, 6 p.m. in london, for our audience worldwide, this was bloomberg real yield, this is bloomberg tv. ♪ alix: opec's warning versus iea supply fears. opec highlights the global economy while the iea warns of oil prices over $80 a barrel. florence is a deadly game of chess. hurricane florence barrels toward the east coast, disrupting commodities from hogs to sweet potatoes. and brown into trump, you are the saboteur in charge. governor jerry brown goes all in on climate change and is signing a bill to move the state to 100% clean energy by 2045. -- 2025. i am alix steel. welcome bl

u.s. second $1 trillion company. it did pay her back from those gains but it's in the running against apple. will get more on that from su keenan. story other half of the other than the ongoing trade war that seem to come to a head after we get this additional $200 billion worth of chinese goods. the volatility continue to play out, this is how were setting up in terms of this part of the story. the lira continue to fall to the weakest in three weeks. declineew continues to despite intervention from the central bank. not a lot of conviction when it comes to the rand, although we do have the economy sinking into recession. the setup pretty lackluster going into trading there in sydney. less dovishollar than expected on comments from the rba yesterday. down when it run comes to the wall street close, the dollar x -- advanced on strong factory data that we had. concerns over facebook and 90 helping push the major stock indices lower. su keenan has all the details for us. even amazon wasn't en

u.s. futures pointing lower after u.s. stock closed flat on friday. we are going to be talking about whether the america first trade is over. let's get the bloomberg first word news with juliette saly. the u.s.-china trade war has entered a new phase as the latest round of tariffs came into effect. in a significant escalation, $200 billion of chinese products are subject to increased levies. $60 billion of goods from the u.s. will become subject to chinese tariffs. on saturday, beijing called off trade talks amid the escalation. oil prices are higher today after donald trump's demand that opec take rapid action to reduce oil prices got a tepid response. the group said it would boost output only if customers requested it. in contrast to the dramatic u-turns policies tweets provoked earlier this year, saudi arabia and their allies stopped short of promising specific extra volumes of crude. >> we can bring an additional 1 million and a half barrels. we have repeatedly said that. we have broug

u.s. and canada are in last-minute negotiations to update nasa head of a deadline at midnight sunday washington time. -- white house trade advisor says several sticking points remain but everyone is acting in good faith. joining us now is our news editor. fingers crossed, how likely is it we are going to get a deal tonight that also includes canada? guest: we're hearing from all best guess that the is a trilateral text will be published by all three companies by midnight tonight, about six hours from now. looks like there is still an outside chance canada to be left out. but there is so much momentum from so many quarters to one canada to be in, that we really feel like it is going to come down like that. we have seen the canadian dollar up in early trading in asia. markets are usually right, so they are picking up on that optimism. so, definitely the u.s. congress, u.s. businesses have all pushed the trump administration to want to make a deal with canada. but there are always a sticking

so u.s. trade conflict is very familiar to me and later my father was minister of industry of international trade. but the trade conflict always there potential ly. you know, the economic theory that maybe trade is good for anybody but in the real world, there's some losers in trade so the very big challenge for the united states and japan is is how to adjust it and now we are tackling that. so it's not neglected. it's really needed. what is important? that is stability in the pacific region and the abe administration, clearly showing his involvement in the indo pacific. the japanese foreign minister published a blue book for diplomacy and that is more clearly stated, japan's indo pacific strategy because it's not coming yet so i just briefly tried to introduce based on japanese version. it's like this. free and open indo pacific. so it says maritime in indo pacific is facing a threat. japan promotes free and open indo pacific strategy to remove threats to maintain strength in the free and op

mark: if you look at u.s. rates compared to other developed rates, the fed is raising short rates and we do not see a breakout in the inflation. that is causing the yield curve to flatten. with rates at zero in japan and close to zero in europe, money looking for higher returns and coming to the u.s. with a strong dollar, that is acting as an additional catalyst. vonnie: what do you do at pimco with u.s. treasury? it does not seem there is image bargaining at this point. mark: we have been underweight and the last year and now moving towards neutral. you have the 10 year at 3%. we think the u.s. economy growth rate near 3% will slow a half percent next year. we think we are approaching a bite super bowl -- signal for short to intermediate. julie: do think the trade back-and-forth is also going to limits andm it -- limit the fed? mark: it could. we think the u.s.-china trade talks is the biggest thing for downturn in the u.s. economy. there is upside risk for capital spending. it is a two-way risk. if this trad

as you said the u.s. has been the single largest donor to in the past decade or so so and they already had announced back in january of this year that they will withhold funds and then reassess their commitment to the agency now this new announcement of course will send the agency into more financial uncertainty has been calling other countries to step in and as we heard germany has said on friday that they are prepared to give more support to the agency also calling on other use states to do the same it's a question whether this will be enough to fill the large scout now you have to understand that it's getting very essential services if you look for example at the gaza strip the school year just has started they're running schools they're running host clinics to get in through just systems and of course this new announcement creates a deep insight here as well as uncertainty for the refugee population not only in gaza in the occupied west bank but of course also across the region as well as taking care

the u.s.-china trade tensions. president trump wants to go ahead with tariffs on $200 billion of chinese goods, and the wall street journal reports china may turn this down to restart talks. joining us is bernie kohn. are we seeing a game of bad cop, good cop when it comes to trump and mnuchin? bernie: you have hit it on the head. the question is are they tired of trump's pressure tactics? have they struck trade deals with mnuchin before, only to have it vetoed before? there are signals in both directions. either way it sets up a week in which officials that were due to come to washington for talks, it may not happen at all or may not produce much. haidi: do we know anything about the timing of when such tariffs would go into effect? bernie: that is our understanding. it has been reported monday, tuesday. we have reported it might be in the next few days. i had don't know any of that -- i don't know any of that is wrong. there are a number of wheels turning. one is whether the tariffs are at a

but what the u.s. is doing now shows no sincerity or goodwill. jessica: the u.s.partment has told china tv to register as a foreign agent. they are required to disclose information about funding and expenditure as well as ownership structure. the order comes into the foreign agents restriction act. it covers or ministrations -- organizations that attempt to influence u.s. public opinion. crude oil climbed on indications saudi arabia would be happy with prices pushing $80 a barrel. adjusting to the loss of iranian supply due to sanctions. from that nation they plunged 35% since april. saudi arabia, russia and other major producers are set to review sunday to review the state of the oil market. union isean investigating whether bmw, daimler and volkswagen colluded to limit development of control systems. they received information that the three companies held meetings to discuss technology surrounding auto exhaust. the inquiry is looking at whether they agreed not to compete against each other in developing and introducing new technology. global news 24 hours a day

yet u.s. diplomats, u.s. their talking points about their conferences they repeatedly state that the u.s. is with aware of the devastating impact of nuclear weapons. the u.s. knows that nuclear weapons have these effects. just because the u.s. knows it does not mean the other nations know as well. because this is such an important issue in international security, it serves the mpt commune and the international diplomatic community if more of its participants are well versed in these issues. that's one. sec, the nuclear weapon states could explicitly acknowledge other states deserve a place at the table when it comes to discussing nuclear weapons. we know that the non-nuclear weapon states are not going to have the same responsibility for negotiating reductions or early verification efforts but they do deserve to be prnts when it comes to discussing the role of nuclear weapons in the world. we know non-nuclear weapon states have been affected by nuclear weapons. citizens there can tell you they have been affec

so here in the u.s. that would be two point two trillion dollars that we would have medicare for all essentially medicaid if we decided to use the same sort of metrics as how the u.k. and the citizens there decide how to allocate their their funds but here in the us there is a huge resistance to having single payer most people if you go online if you look at the you tube comments below here they will fight you they will shout until they're blue in the face that. system is communism is socialism we don't want it but they don't shout and so they're blue in the face about the socialism that is a massive defense department spend most of that is welfare it's welfare for raytheon is welfare for lockheed martin as welfare for thousands of people who live in mansions in virginia as welfare for facebook it's welfare for google it's welfare for silicon valley and but they don't see it that way because those are a different class of people that they never get to see right because in the u.k. there's an entrenched a

but the u.s.doesn't see them as road they see them arrest people who would work with the united states right one of the you know what is one of the things i think people don't quite grasp you know it with everything going on is you know all you hear about is this great threat. but as well on the threat they pose to the united states and you know why are we so bent on removing the leadership of that country that we would try to recruit their military to do why as well as whale is such a threat to the united states it seems ridiculous to me. right will it represents no military threat we need to start there you know latin america has never represented no country there is represented a military threat to the united states these are countries that rarely in a get involved in any military adventures outside of their own borders and that's true with venezuela the threat to venezuela has represented since hugo chavez was elected in. nine hundred ninety eight was the danger of a good example in the words

the u.s. wants china to reopen these trade talks. trump's president tariffs starting to hurt at home. apple reviews strategies for devices that are new, faster, and aimed to attract a wider audience. >> a quick check of how the session ended in new york. we see a bit of a mixed picture. the s&p 500 is black, the nasdaq fell 0.02. potential trade talks with china and the u.s.. still, that was offset by slumping tech stocks, also chipmakers. we had goldman sachs downgrading some chipmakers. that's weighing on the s&p 500. fellso see apple, which 1.2%, the biggest decline on a product launch date since 2015. this is what the markets look like. sophie. sophie: with the declines likely to continue and optimism looking fleeting, asian stocks could look to extend the slump we saw after a 10 day decline. japanese future are looking at a change. seoul, the cosby may be ratings, despite the government saying it will review economic policies. there may be another round of measures to cool the housing mar

but the u.s. isn't the only country accusing iran of trying to destabilize the middle east saudi arabia has long blamed iran for funding crosses to spread she has them in a predominantly sunni arab world accusations dismissed by the horizon. yemen's president. told the united nations general assembly that iran must stop meddling in his country's. we're not. all the how to. fight over we are still in the grips of a war that was imposed on our people by our militias are supported by iran and hezbollah they are supported financially through the media and militarily these militias are extremists they employ gangs to work tactics. ronnie denied all those allegations as well as accusations that his country continues to send weapons and fighters to support the syrian president bashar assad the iranian president couldn't hide his excitement about the support he got from the e.u. russia and china but it remains to be seen whether that support will last as the u.s. ramps its diplomatic pressure the back and

in the last one he four hours, the u.s. -- 24 hours, the u.s. came out with 10% tariffs and china has now retaliated. where are we? mike: in a case of truth and their. the - d- dar. e. the president said of the chinese retaliated, he would impose additional sanctions. 200 billion going into effect next week. and the chinese retaliated and been opposed tariffs on another $60 billion in u.s. goods, now at $110 billion on the chinese side. we only exporter $130 billion to them last year. the exports are up this year a little bit, so maybe a little bit of room, but if the president goes ahead with another retaliation, we will have to wait and see with the chinese would do. the chinese calling their tariffs today forced response to the u.s. unilateralism and a trade protectionism, according to that statement they put out a short time ago, and say if the u.s. insists on increasing the rates further the chinese side will respond. only a is where we are, third of the way or maybe half of the way through this. vonnie: we are talking about thousands of in

u.s.resident donald trump has dismissed the sexualal assault allegations against his supreree court pick brett kavananaugh as popolitically motivated. trump says he is with him all the way. kavanaugh and his accuser are set to testify before a senate panel this coming thursday. another woman has claimed sexual misconduct by kavanaugh in "the new yorker" magazine. president trump is expected to meet with deputy attorney general rod rosenstein on thursday. this, after rod rosenstein was at the white house today amidst speculation that he would be fired. rosenstein is under pressure after allegedly suggesting that aides secretly taped the president's conversations. he has also allegedly raised the idea of invoking the 25th amendment of the constitution to declare president trump unfit from office. he is the man overseeing the investigation into president trump's connections to russia. attorney general jeff sessions had to recuse himself. let's bring in our washington correspondent. u.s. deput

i think the u.s. negotiators the u.s.an threaten auto tariffs against canada, that they make it their way. really those tariffs will be so ruinous to the canadian economy, probably pushing canada into a recession that it is a last-minute thing the u.s. can hold out. president trump has talked about this. he talked about it being the mother load. that's come in the end, is probably what will push canada to get a deal done, hopefully tonight. haidi: -- kathleen: on sunday, the wto, and world bank, issued an emergency call for international trade reform. in. will all be meetings the wto having a big meeting and then imf world bank and a couple weeks. is that what is behind this unusual joint call from all three of these bodies that once? ros: you know, i think a lot of it is about president trump. but it is not all about president trump. we have definitely had the u.s. -- or president trump, saying, more than once, including in a bloomberg interview that he is prepared to pull out of the wto. and basically the trump administ

what it means is there is less useful for foreigners to hold u.s. dollars. if the u.s. itself out of markets, there is less purpose to hold u.s. dollars, so it is a long-term strategy for strengthening of u.s. dollar, these trade tactics are not a good strategy. ramy: september 6 is the deadline for these tariffs on chinese goods. how optimistic or pessimistic are you that something that will happen? john: something will happen, i am confident. ramy: to the negative? [laughter] john: to the negative, yes. i am confident that a fairly substantial set of tariffs will be applied to chinese goods that will actually lead to a big drop in u.s. purchases of chinese goods with increasing and purchases of other goods, and high-level retaliate, then we have to see what happens to the cycle after that. something will happen, it will be negative, then we will see how quickly china response and what they respond on. they are not limited to tariff policy. haidi: how inflationary are punitive trade actions? john: they will increase some. prices will get past to consumers. the copulati

the u.s. session yesterday. futures struggling a little bit for direction, so we might not get such a strong rally in the u.s. as we have just been in asia. let's is the bloomberg first word news with humphrey in dubai. china will not devalue its currency to make its exports more competitive. the is the message from premier as just hours after his country retaliated against the latest increase in tariffs by the trump administration. the offshore yuan rose after the conference. earlier, the u.s. china trade the bit and as beijing announced retaliatory tariffs on $60 billion of american goods that came in response to donald trump ordering his administration to levy tencent tariffs on about $200 billion in chinese goods from next week and in january the rate from 25% in beijing refuses to offer trade concessions. beijing announced plans to hit u.s. goods with 5% to 10% tariffs. pres. trump: we are the piggy banks of the world. we have been ripped off by china. we have been ripped off by, excuse m

the u.s. is warning russia it's making a major mistake by deploying its missile defense system in syria the kremlin is sending the s. three hundred system a week after one of its planes was mistakenly shot down by syrian anti-aircraft fire washington has approved the sale of three hundred fifty million dollars in military equipment to taiwan the us is the only country that sells weapons to the island and has done so for nearly forty years u.s. president trump says he'll have a second summit with north korea's leader kim jong il and in the coming months he made the announcement while signing a trade pact with south korean president moon j in they met on the sidelines of the u.n. general assembly and the u.s. president supreme court nominee brett kavanaugh has been speaking out about accusations of sexual misconduct in a t.v. interview he openly denied the allegations two people have come forward about alleged incidents that took place in the nineteen eighties it's counting the cost now stay wit

goods that move a retaliation for the latest round of u.s. tariffs on two hundred billion dollars worth of chinese products al-jazeera scott hyper reports now from beijing. within hours of the u.s. announcing a second round of tariffs on chinese goods beijing responded. the chinese commerce ministry saying it had no choice but to retaliate and it hopes the u.s. changes its behavior one official said. the move is poisoning traitor didn't they phone the regarding america's new round of terrorists china has no choice but to retaliate it was expected that the ongoing trade war could heat up this new round of terrorists from washington confirmed that it will be a lot of money coming into the coffers of the united states of america a lot of money coming in a lot of money in the form of tariffs on an additional two hundred billion dollars of chinese imports the u.s. government will begin collecting a ten percent tariff on those goods starting on september the twenty fourth through the end of the year then on january first the terrace will jump to tw

not just against the u.s.china, but also the market opening measures you mentioned, and also perhaps most importantly, damaging u.s. corporate operating inside of china where the bulk of u.s. businesses are. ifi want to drop this chart, you are keeping track of where we are with these tariffs, actual ones proposed and threatened. that $260 billion, that is basically all of it. what happens then? how can beijing respond? is there an argument that president xi can withstand it, because it is part of his re-shifting to domestic brands? >> it is very difficult. the chinese economy exports do not rely on the u.s. as they once did. but it is still extremely important. i think there is also a political side which is the bigger picture. people ine, a lot of the u.s. are talking about the u.s. and chinese economies decoupling. trump talks about that my putting pressure on apple to bring its manufacturing home. so, the bigger picture here is about a hardening of political positions, which will then spread their out the

well the u.s. has been the single largest donor to the agency and they're already back and generally they had announced well withhold some of their funds and now this decision to cut back all of them will obviously put the agency into more of a situation of a financial crisis now the agency has tried over the past couple of months to get more support from other countries germany has announced on friday that they will that they're prepared to get more support calling also in other nations still to see whether that can fill this gap but obviously in my actually bring services if you look for example to gaza to the gaza strip you know it's run school said the school has started it's unclear whether the schools can continue for the rest of the year. providing food assistance to. the health. system so it creates a deep anxiety and also uncertainty for a lot of refugees not just in gaza the occupied west bank but also across the region as you said i mean what's taking care of over five million. refugees

u.s. high-yield or leverage loans? gershon: tied. u.s.yield by a wide margin over the next 12 months. subadra: pass. krishna: leveraged loans. jonathan: we will do that another time. subadra rajappa, gershon distenfeld, and krishna memani. from new york, that does it for us. we will see you next friday at 1:00 p.m. new york time, 6:00 p.m. in london. for our audience worldwide, this was "bloomberg real yield." this is bloomberg tv. ♪ xfinity mobile is a new wireless network designed to save you money. even when you've got serious binging to do. wherever your phone takes you, your wireless bill is about to cost a whole lot less. use less data with a network that has the most wifi hotspots where you need them and the best 4g lte everywhere else. saving you hundreds of dollars a year. and ask how you get xfinity mobile included with your internet. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. supply fears. opec highlights the global economy while the iea war

the u.s. u.k. france israel out of it right because we could deal with turkey he knew that supply lines you know the open border it was always about turkey in in this latest austin summit in tehran we saw the gloves come off and we saw the reality that it's been all along one of the things that glint i mean it seems to me that turkey is the ending of isolating itself it is it has kind of a tepid cool relationship with the us what would happen to the turkish lira the situation with nato obviously iran and russia or it with plans he doesn't want to see fall he's the odd guy out here and it's probably not a good position to be in preparing long no i agree and i think that is alienated everyone now from the european two americans russia they have core serious well as well as the iranians don't trust them fully but i think. at this improvement of relations between russia and turkey the smart pointer can be a bit deceptive i think that this rift between the americans and the turks definitely have given r

things focused on lng, the u.s.hipped about 7% of its lng exports to china, and there are $132 billion worth of money needed to fund a second wave of projects. the chairman of tellurian is not worried. naureen: we have very cheap gas and we know how to build very cheaply. that is not going to change. chinese natural gas continues to increase. that is not going to change. they are only 10% of the market. they can do what they want. they will not impact the global market. alix: is that right? naureen: the u.s. gas market definitely has an advantage in that we have all the shale production. this year will be a banner year. we are producing at record levels at a record clip. the problem is that all these u.s. developers are in the middle of negotiations. they are all competing on price, and this throws a wrench in it. alix: absolutely. the question is what happens to trade flows? can the u.s. sell more to europe? can they sell elsewhere? can china get their lng from qatar, russia? we have a chart that shows lng demand g

spotlight on iran as u.s. president donald trump chairs a un security council session on weapons of mass destruction. but i'm hasn't this is as you see it alive also coming up if you talk negotiate. then you need to make way for a party that chant on one. leader of the u.k.'s labor party rejects to rescind may's proposed gregg's it plan saying his party can do better. protests in the occupied west bank against the us decision to cut funding that helps palestinian refugees. and is the leading cause of death in south africa we'll find out what the government is doing to. tackle to go culo says. the u.s. president is chairing a u.n. security council meeting on weapons of mass destruction donald trump is expected to use the opportunity to again criticize the iranian regime he's already used much of his time at the general assembly on tuesday telling world leaders to stop trading with iran earlier this year trump pulled the u.s. out of the iran nuclear due deal that move has been criticized by european allies as we

the u.s. marines were assigned to the u.s. army to fight in france. at that time the army didn't have any insignia, but realized it wanted to have an insignia to distinguish it personnel and its vehicle from european armed forces. one enlisted man came up with a trying of a portrait of an indian man wearing an eagle feather headdress. the other one came out with a star. when he passed this design up the line to request permission to use it, his argument was who is the first true original american? that is why this insignia was approved and is used to this day. the other thing that is interesting is of course it was the u.s. army who was fighting american indians and confining them to reservations. in the 20th century it is the army that put forth the imagery of the american indian to represent themselves. when the army did this, they employed the colors of red white and blue to depict the american indian. after world war i, when modern advertising as we know it took off, advertisers started us

one, because the u.s. president has played bad cop along with his trade negotiator and the second thing that's unusual is this is the first time we've had a negotiation this intense with social media. i often think about one of our problems in u.s. politics now being the web m.d. moment we're in which is everyone has a lot of information when web m.d. came out, people would go to their doctor and say i've read all the symptoms, i think it's this. the doctor would say let me explain it to you. that relationship between the establishment specialists and the people is one that is being changed in trade policy. people have their own opinions about what an agreement is. the negotiator is playing bad cop and the vigorous debate about what all these provisions mean i think makes it very hard to negotiate, period. even irrespective of how we behave. and there is the congressional component, which i agree you are right to focus on. the trade promotion authority bill of which is what we're 2015, operating under, was

u.s.-u.k. relations. it is hosted by the heritage foundation. we join in progress. -- while we are also negotiating agreements between the u.k. and the eu. you might be tempted to say we will wait and see what your agreement is with the eu before we proceed with you. that would seem logical, but as you know, the u.k. will be negotiating and able to sign new agreements in the implementation beginning with our formal exit from the eu in march 2019. it is not feasible for you to wait with our negotiation to conclude and then sign a deal with us for this reason. negotiations with the u.s. and eu are not concurrent, into thewill be forced regulatory regime of the eu in some fashion, and there will be no prospect of a serious trade deal in the future. if that occurs, the u.s. will have lost a significant opportunity. clearly in trade that you are not protectionist. the u.s. has been one of the strongest forces for liberalized trade on the planet. i deal with the u.k., a country of a similar size

but the u.s. also runs the second highest a trade deficit with the european union right after china and those remarks from u.s. president donald trump are also aiming a bid at the propose a proposal from europe to actually cut any card tariffs in total and u.s. president donald trump is quoted as saying that europeans have the habit of driving their own and not us american cars and that's why he doesn't see any need to actually cut those card tariffs at all so yes mexico canada this is one side of the story the european union as are all different one and at this point it doesn't sound too friendly what three year out of washington when it comes to trade it was the european union and if we talk about china next week maybe tariffs on china's growth in the amount of two hundred billion dollars we'll kick off and we await that yes quarter for us in new york thank you yes the international monetary fund says it will work closely with arjun tunnel thora teams to strengthen the country's i.m.f. supported

u.s. for example advertising online something like ninety five percent of all new advertising online advertising went to either facebook or google so that competition is not there's not much competition in the u.s. now a lot of the new all the golf police and you know monopolies online are tend to be silicon valley based california democrat so under the obama administration there was definitely no pushback against. many argue that there were you know antitrust legislation could be used against some of the situation emerging there certainly amazon is something to look at but the louisiana attorney general is now saying he wants to break up google and facebook wow so this comes from astore who of course we often refer to his tweets here because he covers this sort of anti-trust and a competitive monopolistic behavior louisiana attorney general jeff landry would like to see google facebook and other major social media behave broken up like the federal government did to standard oil more than

you had markets go quiten u.s. dollar terms significantly while u.s. turns -- the u.s.as positive. alix: what about cash? yesterday, killer, killer demand. hashes getting competitive. how do you handle that? >> it is a challenge for the market. 3% are competitive returns, so the flows into the market might be less than one expects. buybacks are so strong in the we don't see that as a major headwind for the market. is this the time to think about caution or go all out? things keep going up despite geopolitical and various roadblocks. >> we are still positive on a three-month view. have a positive long-term view. we are towards the end of the cycle, and you don't want to get to enthusiastic and put all your money in equities at this point. that 18uppose we knew months we think we could be in trouble. what does that do? how do you position yourself so you don't get burned and leave too much opportunity on the table? >> even having 50% or 60% of your money and equities can provide rate returns in the intermediate term, but can provide protection on the down side, because fi

if you look at u.s. companies with only u.s. have seen a huge upward revision relative to companies with more global sales. that might be the best strategy for the best place to hide in this type of market environment. alix: how long can something like that last? earning estimates for whether or not it is europe or emerging markets in the u.s.. the u.s. is a white line. how long can something like that happen? savita: i think what is going on in the u.s. is this -- is sufficiently different from what is going on in other regions that you cannot justify this divergence. the u.s. is tightening. we had this massive fiscal stimulus package dropped on us in the form of tax cuts at a time when we probably did not even need it. the economy was starting to chug along. if you look at rail volume yesterday, ifn, things in the u.s. are much stronger, atypically stronger than what we are seeing across the globe. when this comes together and e.m. starts to affect the u.s., currency might be a bigger driver of that and that is what we are wat

the u.s.we are not taking risk off quite yet. >> 2019 will be a year of convergence. >> 3% in the second half of next year of up to a half. >> are going to see convergence. >> u.s. economy is performing very well. >> convergence and earnings. >> still looks very strong. what, theu know economy looks great. jonathan: a full house with me in new york. gershon distenfeld. subadra rajappa. and krishna memani. your thoughts on the convergence divergence arguments. ms rajappa: the divergence seems to have continued. my concern is if you listen to the ecb this week, they are pretty much on hold for a good portion of next year, qe is anticipated to end sometime by the end of this year and what that really leaves them with is very cognitive policy, in contrast, you have the u.s. raising rates four times over the next year, which makes it very hard to time monitor policy if the u.s. tries a slowdown for the later half of the year's divergence could stay on a little longer than we anticipated. mr. disten

i don't know what the u.s. can do. the u.s. is well-positioned to play a two-player role, not only a military role, but a military but a diplomatic role. that is what i mentioned counselor jim davis should be heading to us from russia, if you don't follow him on twitter please do, he has been doing a lot of good work and russia, which is is a difficult place to work and a place where i think he started from to build the image of the u.s. ties willle-to-people be very important. earlier we talked about the countering of corruption. and accountability. that's important but i'm not sure what the u.s. can do. when it comes to politics in the the youth in iraq is not an aesthetic group at all. >> what you're expressing here reminds me of the dynamic we saw in syria. you have the youth looking for something from democratic countries, some kind of support or recognition and to stand by them saying your grievances are real. yes, these are dictators, or trying to manipulate things in their favor and really are trying to exclude you and

u.s. not there temporarily, we are at a wash as to who is next. in, --f you want to join democrats: 202-748-8000 republicans: 202-748-8001 independents: 202-748-8002 or outside the u.s., 202-748-8003. ruth, democrat. caller: can you hear me? host: yes, ma'am. caller: i wanted to make a comment that when civilized countries get together to make treaties or deals, they are looking for a win-win situation for both parties. , that is a foreign concept to him. make sure they're a no interruptions. i'm a senior fellow here at the hudson institute. thank you for being here. thank you to the c-span audience for being here as well. for being able to watch this. this is a timely panel, a series of panels on the iraqi elections. i have with me a group of rockts on a rock -- i and a syrian american, who came back as well in a different role. i am going to have them speak about their experiences, current situations as it pertains to major issues: the shia protests in the south, security backside --\iss

u.s. stocks as we president trump's speech to the u.n. emma: we are just looking for breaking news for you here. we are looking at september consumer confidence, rising to 138.4. today atconfidence up 138.4. let's move back to the broader markets and look at the major indexes. all in the green. the dow jones advancing a bit more than the others. the tech heavy nasdaq having a largely because of facebook falling after we heard the instagram founders were leaving the company. the federal reserve meeting today, we get the announcement tomorrow. chip stocks lower today. analog devices down 4% after raymond james came out with a tougher outlook for five of the big chipmakers. the chip down cycle has begun and that reflects the broader negative outlook. intel having production problems. -- lookinglook at higher, almost 16% there. aurora up 10%, moving on some earnings news. -- moving again, 16.5%. they are expanding their medical cannabis exports to australia. they are poised to break a three-da

by adding judi's to a further sixty billion dollars of u.s. goods but if the u.s. ups the ante again china doesn't have much room to move. meanwhile the war of words has also escalated he is what u.s. secretary of state mike pump aoe had to say about the trade war when he appeared on u.s. television on sunday. we know this much the trade war by china against the united states has been going on for years. here's what's different in this administration to the extent one wants to call this a trade war we are determined to win it china for its part accuses the united states of bullying with no sign of a lit up in the tit for tat dispute economists say the real losers in this trade battle are likely to be consumers in both countries. now for more let's cross over to new york and our financial correspondent yes quarter yes as u.s. china terrorists kick in markets in europe and asia posted losses on monday are investors on wall street asked pessimistic. finally the trade tensions also hit the u.s. market for the first time since u.s. president donald trump announced the n

>> the sticking points have made between u.s. and canada, the u.s.pushing for more access to canada's gary market -- dairy market and the canadians are pushing back against the u.s. idea of this -- graphing resolution panels -- scrapping resolution panels geared new to the discussion is that canada wants to preserve its cultural industry, they want to prevent u.s. television programs and movies from infiltrating local markets. that is a new one and seems like a political issue for canada or they want to preserve their identity. vonnie: given that we are past the original deadline, does it seems like attitudes are hardening? it does not feel like we are breaking down barriers. it seems like we are going the other direction. minister always puts a positive face on the discussions. apart from that, we are not seeing any progress on main sticking points i mentioned. discussions are ongoing geared they say their positive. -- discussions are ongoing and they say their positive. if canada wants to join the deal with mexico, they have the -- to the end of th