tariffs on chinese goods in exchange for increased chinese purchases of u.s. ag more details have emerged from the u.s. side now an $86.00 page agreement which ranges from intellectual property to ag purchases where china is to buy up to $50000000000.00 over the next 2 years raising total imports to $200000000000.00 while u.s. trade representative said that this deal is totally done absolutely quote china took a more cautious tone reiterating that this would be quote a huge challenge to fulfill those commitments made a statement focused more so on the broad principles of phase one and refrain from mentioning any specific targets during his press conference why well as multiple analysts pointed out the scale of these purchases seemed completely implausible given the slowing chinese economy the us is now asking for an increase in purchases over that of 2017 during the pre-trained war times this is asking for a 110 percent year over year increase in purchases and 2020 which is obviously not visible meanwhile the u.s. has still been unclear about how and when it will

tariffs on chinese goods in exchange for increased chinese purchases of u.s. ag more details have emerged from the u.s. side now and 86 page agreement which ranges from intellectual property to.

than double from the previous month to $2600000.00 tonnes while beijing said that it will buy more u.s. aghinese officials have yet to confirm the possible scale of these purchases a formal signing of the deal is reportedly being arranged for early january but as of yet no official text has been released analysts are still wary that this may just be an illusion of progress as no real details have emerged regarding the magnitude of chinese purchases of u.s. exports or the timing of the u.s. tariff rollbacks making the. all things sketchy at best the future of economic relationships between the 2 world superpowers remain uncertain with phase 2 which supposedly focuses more on intellectual property still far as a ways off and now to catch us all up on the new developments we bring in todd horowitz chief strategist above the trading so todd even with the announcement of the long awaited trade truce between u.s. and china most experts agree that this is more of a face saving optics for both sides than a true reconciliation so much damage has already been done in 2019 so are china and the us hea

than double from the previous month to $2600000.00 tonnes while beijing said that it will buy more u.s. ag chinese officials have yet to confirm the possible scale of these purchases a formal signing of the deal is reportedly being arranged for early january but as of yet no official text has been released analysts are still wary that this may just be an illusion of progress as no real details have emerged regarding the magnitude of chinese purchases of u.s. exports or the timing of the u.s. tariff rollbacks making the whole thing sketchy at best the future of economic relationships between the 2 world superpowers remain uncertain with phase 2 which supposedly focuses more on intellectual property still far as a ways off and now to catch us all up on the new developments we bring in todd horowitz chief strategist above the trading so todd even with the announcement of the long awaited trade truce between u.s. and china most experts agree that this is more of a face saving optics for both sides than a true reconciliation so much damage has already been done in 2019 so our 2. china and the u

not going to have a fixed purchase commitment chinese have already gen saying that they will apply u.s. ag if "the price is right," we know that large latin american producers the weak currencies dollar is strong everyone wants to be in u.s. going to put our farmers at a big disadvantage. >> at this point another issue as well the vulnerability u.s. korptdz in china they are subject under chinese law being collected by chinese government. . >> the december 1, multilevel protection system, 2.10. there is going to be -- 2.0. >> january one encryption law mean no foreign company can maintain encryption in a he priests chinese government from seeing neck it is totally visibility that means china will have all data all communications all secrets that foreign companies keep on networks. >> with that response from united states, government? >> -- without response. this trade agreement is supposed to protect intellectual property. but it can't protect intellectual property because these rules are going into effect, well before this phase one trade deal will so there is a real problem there lou: th

also increasing the amount of u.s. ag products by $51 billion as a part of this.'m joined by chief strategist of global investors. this is such a huge news day what exactly is the biggest driver in your mind given that we've seen brexit happen a possible phase one happen. are all of these things going to eventually put a risk on our environment back in the market >> today will be a key risk on day. what you've had is two of the key risks to hanging on the markets to as much of 2019 being lifted today as we get to january, the key issue and as we get to q two maybe some of those can slightly return to the market >> so markets are at record highs if the uk election are the propel ants of it, how much more upside is possible and do we need to see to say okay, now i really do believe it >> a lot of this has been priced in on fairness of what can happen with the uk election. from here. i think the key thing is that you are looking for global growth recovery and key risks. business confidence, consumer confidence that should push markets further. we have a continued flo

yes, the chinese will buy more u.s. ag do that anyway because they have a severe food crisis. >> on friday beijing said it welcomed the agreement but insisted a final deal is a long way off saying u.s. fail today view china from an objective and rationale perspective and can't acknowledge china's rapid developing, while president trump said phase 2 talks are soon, unclear how long it would take to get done. arthel: jacqui heinrich, thank you. eric: joining us to break it all down and what we can expect in next round of talks, ceo of hills&company, carley hills join us now. ms. hills, you have decades of experience with top level of our government in dealing with trade with china? >> i applaud the fact that we reached it, i heard that it was, quote, not a good agreement but it was a first step forward and honestly, the tariffs are just wrecking our economy. i think we have studies that show that we have loss, this is moody analytics by the end of the year as a result of our tariffs and the retaliation that's occurred. up mo

u.s. agricultural products or manufactured goods. on agthe chinese have to buy a lot of agriculture from someone. they have a severe food crisis at home. food inflation was up 19.1% last month. pork prices up 100%. african swine fever and rust things affecting wheat. china right now needs to buy food. we didn't get any. susan: 30 to 50 billion over two years that brings it up to 32 billion a year for chinese ag purchases. that is far from 50 billion that was promised. >> if you look back before the so-called trade war started china was at about 20, $24 billion a we're in u.s. ag. i don't know what we've really gotten, but we gave up a lot. we have foregone the tariffs spoused to go cutting tariffs on $120 billion in goods in half. susan: right. >> this is not something i see we got very much. susan: what about enforcement? they said there is a strong enforcement mechanism in place. i don't know how many years we heard about this through how many administrations but some say is it all that strong? >> we won't know until we hear from the dea

president still trying to close a phase one trade deal with china, which could restart big buying of u.s. ag for farmers like jesse. >> there were talks they were supposed to be opening back up. i have seen prices go down not up. >> reporter: he is a democrat and voted for obama and flipped to trump. just like northampton county here in pennsylvania. >> right now i would not vote for him. i don't know who i'm going to vote for. i don't see a good candidate. >> on either side? >> on either side in my opinion. >> reporter: these fields are harvested. but his soybeans sit unsold. >> first time i ever had beans in here in my life. >> reporter: he voted for president trump and supports the trade war. >> there's the corn. your paycheck right there. >> every morning he checks crop prices. >> down here is soybeans. >> reporter: hoping to find a buyer for his beans. how long are you willing to be patient and wait out this trade war? >> other than saying i'm not going to vote for trump, you know, that would be one way to retaliate personally, but i don't see that happening at this point. >> reporter:

president still trying to close a phase one trade deal with china which could restart big buying of u.s. agrs like jesse. >> there was talks about a month ago that they were supposed to be opening back up and i have not seen, i've seen prices go doup. i have not seen prices go up. >> a democrat voted for obama then flipped to trump. just like northamptom county here in pennsylvania. >> right now, i would not vote for him. i don't know who i'm going to vote for. i don't -- i don't see a good candidate. >> on either side? >> on either side in my opinion. >> keel's fields are harvested. but his soybeans sit unsold. >> further i ever had beans in here in my life. >> he voted for president trump and supports the trade war. >> there's the corn. that's your paycheck right there. >> every morning, he checks crop prices. >> down here is soybeans. >> hoping to find a buyer for his beans. how long are you willing to be patient and wait out this trade war? >> other than saying i'm not going to vote for trump, you know, that would be one way to retaliate personally. but i don't see that happening at thi

they had to buy u.s. ag in any event. besides they have not made a firm commitment.n the phase one deal. stuart: you don't think they well follow through, follow through, change their economy, follow through with intellectual property, you don't think they will do it? >> no. xi xinping is taking china back to maoism. i heard your take on socialism. really, really important words. beijing is boeing in the wrong direction. they're not socialist anymore. they're going back to state domination of the economy, totalitarian controls. by the way those totalitarian controls will choke off economic growth and kill the vibrancy in society. stuart: why is xi xinping doing this? he doesn't have to do this, go back to the days of mao, stalinist society, why he is doing it? >> i don't know what is in his head. he does appear to be a true believer. he believes in a state system, when you're a economist, you as xi xinping has to have absolute control over the communist party. the communist party has to have absolute control over society. that is his core beliefs. stuart: look, senat

first china's top ag consultancy said china can meet a pledge to purchase $40 billion per year of u.s. agr report says that chinese president xi jinping is planning to skip the world economic forum in davos, dampening hopes of a summit with president trump. a lot of positive calls this morning on nike. the stock is trading down, following strong earnings last night, higher average, selling prices helping offset the negative impact of tariffs greater china sales up 23%, versus the 27% sales growth it saw last quarter shares are down 1% right now but nike's management worth noting very positive on the strength of the global consumer on the earnings call last night, referencing the passion for sports and active lifestyles, growth in emerging markets and that it is digital initiatives are paying off you compare those xecomments th chinese slowdown is continuing through the first half of the year, it is yet another example of this split between a strong consumer story playing out and the struggling manufacturing and industrial part of the economy and, in fact, on that note, take a look at shar

u.s. there's 51 ag's that is signed with us and the of other associations a set of principles that i think we announced in the third week of august that we are adopting, using that to guide our suppliers, technology suppliers, what criterion we need in order to implement shake and stir to ensure that we can deflect or turn back and identify those, , preventing thm as was identifying causes and we're making great progress. i think 202020 you begin to see those solutions be implemented because we are in trial with a number of our suppliers. >> i'm curious from a telecommunications standpoint, you compete with 5g, at least in urban and more developed areas. that's going to be a competition to your service. are you concerned about 5g? you provide backhaul for but at the same time it's going to be competing for customers. how challenging is 5g going to be? >> guest: in the markets we serve, again they are more rural and less densely populated. we don't see 5g as a threat. we see it as an opportunity. we see ourselves as a solutions provider for the wireless companies, and in place of where it's

u.s. . from a very young age i felt like i never belonged to the.

u.s. charities. that's an age of more than a billion dollars a day. a lot of bay area families are struggling to put food on the table this holiday season but can you help. kpix 5's julia goodrich is live with the bay area food drive. juliet? >> hi, michelle. we are partnering again for the 11th year. when you walk through the door of any market, and bring reusable bags, you are already donating to bay area food all, by something that we all can help out and fill, right? different ways to donate. the fist is those barrels. all you have to do is place the item in the barrels. that's something that you can list here, peanut butter, cans of soup and all of that will go to the local foot bank. >> and you can help out at the checkout counter with any donation. and explain nickels for nonprofit. this is a fantastic program that we offer. basically, all you need to do is bring in your reusable bag. for every reusable bag, we'll give you a nickel credit and you can take that nickel and donate it to your favorite organization. juliet goodrich, kpix 5. >>> stil

u.s. charts as working age americans are dying at higher rates, especially in economically hard-hit states, the new vcu study identifies a distinctly american phenomenon as americans among 25 to 64-year-olds, as mortality increases and u.s.

ily a lot of has i'm seeking in doha with the top stories on our ages the u.s. house speaker nancy pelosi asked for formal impeachment charges to be drawn up against president donald trump for abuse of power he will become just the 4th u.s. president to face such charges of votes expected in the next couple of weeks setting up a fight in the senate on whether to remove trump from office how does your castro reports from washington that you know it's official santley that with confidence and humility with allegiance to our founders in a fight for the.

ways they think the company is not treating them fairly on this platform, but complaints about age of u.shave been quieter, so the fact they have seized this as an area of concern is significant, especially because aws is such a large part of the overall business. taylor: respond to what naomi was saying, the concerns highlighted here. what about that cloud computing business? is it still anticompetitive? >> cloud computing is a multitrillion dollar business. i was at the conference that is still going on, and the ceo that aws is cloud penetration is still 3%. is 97%, of the are huge. the market share he called out is something publicly released, that is infrastructure as a service market. but the overall market, it is still a several trillion dollar opportunity that aws is a small portion of. the attorneyaying -- assistant attorney general at the department of justice for antitrust at the conference, he said that being big is not bad, so big acting badly is bad, i will talk about it a little bit more, but that was a fascinating statement. that makes sense why they are looking at a of u.s

u.s. crossing a crucial age of foreign policy as it starts imposing sanctions which russia has already become accustomed to against its own allies we can see the intention to make europe by american liquefied gas and thus to slow the development of the continent's economy to undermine its capability of competing with the u.s. in the global markets washington has decided that even the closest nato allies don't deserve mercy if the u.s. geo political and commercial ambitions are at stake. the german government has regretfully taken into account that sanctions against north stream to turks stream initiated by the us congress they affect german and european companies and are tantamount to interference in our domestic affairs or we requested comment from nordstrom spokesperson new dollars completing the project is essential for european supply security adding the work will be finished as soon as possible the e.u. also slammed washington's punitive measures saying it objects to any penalties against european companies that are conducting legal business and it comes as the main swiss contractor of n

u.s. envoy to germany hasn't aged well at all. currently there is a lot of talk in germany about doing more for europe and we believe that when it comes to north stream 2 we have taken an extremely pro european position washington's crocodile tears are not fooling anyone anymore trying to maintain a compassionate fetes pretending it's acting in the best of intentions only to have itself exposed as a super bully rolling out one creative plot after the other or forcing its will on friend and foe alike and or stream spokes person told r.t. that completing the project is essential for european energy security and says that work will be finished as soon as possible he bronson from the alternative for germany party and thomas fassbender a german journalist and former businessman both say the us has once again demonstrated its wish to keep russia and europe away from each other. america doesn't have to be part of every deal that is made on the planet there are important of course their most important allies are germany on the other hand

u.s. envoy to germany hasn't aged well at all currently there is a lot of talk in germany about doing more for europe and we believe that when it comes to north stream 2 we have taken an extremely pro european position washington's crocodile tears are not fooling anyone anymore trying to maintain a compassionate face pretending it's acting in the best of intentions only to have itself exposed as a super bully rolling out one creative plot after the other of forcing its will on friend and foe alike. he spokesperson for nord stream 2 told our team that the project is essential for ensuring europe's energy security and that work will be finished as soon as possible we asked several analysts for their views on the story . is so well out of. the. to the effect it's really sort of the songwriting got very good it's a traditionalist remain called old issue of the banks and so also the very sensitive equipment u.s. has sucked up the south to something to do the. sorts of incidents they try to avoid problems. the 6 leads the position of the specific oddities cruxes project america doesn't have to b

u.s. a year, nearly twice the average income for their age group.hese bachelorettes aim to enrich their lives with fulfilling jobs and exciting private lives. >> in the past, unmarried women over the age of 27 were labeled as leftovers. but now there are approximately 100 million single women in china, many of whom have moved to urban areas. in china's major cities, single women outnumber single men four fold. recently, businesses are targeting this single woman economy. one example is an increase in the number of ckaraoke boxes fo single use. this new breed of unattached women symbolizes how women can be financially independent in modern china. this episode of asia insight takes a look at their present and their future. >> beijing, which has the largest percentage of single women in china. she came to beijing in 2015. she grew up in a wealthy family where both her parents were company owners. wang training at this gym twice a day, in the morning and the evening. >> wang's home is a ten minute walk away from the gym. she has rented a family-sized ap

the goldeng about age of u.s. shale is over and the boom is coming to an end. shale factor in?huge factor. driving this aggressive action out of opec. is u.s. production going to continue to grow? at the same rate the last five years? no. what opec plus is doing is playing the long game and waiting for that to plateau in the next three to seven years, depending on technology and costs, but it will not necessarily decelerate. they want to see it plateau faster. joe: always great to have you. romaine: thank you. this is bloomberg. ♪ romaine: japan's prime minister announcing stimulus measures deep recession at bay. in shery ahn to talk a little bit about it. i read about this this morning. of people doubt the impact this will have on the japanese economy. expected,larger than but the economy now doubting the government. take a listen to what this economist had this a lot the package? we don't have the sound. a big pr stunt. way to the governments come in and tell everybody everything will be ok. joe: i was going to ask about the sales tax hike. it seems like the easiest thing in

age 92. he defeated soaring u.s. inflation in the 80s. it was around 15%. by april 1980, dropped to a little over 4% when volker left in 1987. three decades later his rule became a controversial element of post cry says banking regulation in the obama years. paul volcker passing away. let's be honest, quitting smoking is freaking hard. like quitting every monday hard. quitting feels so big. so, try making it smaller. and you'll be surprised at how easily starting small... ...can lead to something big. start stopping with nicorette most people think as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (second man) virtualize their operations. (woman) and build ai customer experiences. (second woman) we also keep them ready for the next big opportunity. like 5g. almost all of the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready. ♪ ♪ experience the power of sanctuary at the lincoln wish list sale

u.s. envoy to germany hasn't aged well at all currently there is a lot of talk in germany about doing more for europe and we believe that when it comes to north stream 2 we have taken an extremely pro european position washington's crocodile tears are not fooling anyone anymore trying to maintain a compassionate face pretending it's acting in the best of intentions only to have itself exposed as a super bully rolling out one creative plot after the other of forcing its will on friend and foe alike well i nord stream spokesperson told r.t. that completing the project is essential for european energy security that work will be finished soon as possible well for more all of this story let's cross live now to political analyst paulo reffo naipaul always good to see you how surprised are you that the u.s. will impose sanctions on european firms that continue to work on the project. well i'm not much surprised because this cold so the path of. jubilee. security policy which basically is very much linked to just supply lines if we can start this is a way to tell if you're in. the interest should

u.s. rivalry with china, globalization and the end of the computer age at a manhattan institute dinner ink city. this is 40 minutes. paul: good evening, everyone. g. lecture.me to the 33rd this lecture has become an important night in america's intellectual life. the consequences and ideas offered at this podium -- the formula is a simple, we invite extraordinarily bright speakers perspectives which rarely get a hearing in manhattan ballrooms

and i think it's important because as the population ages, in the u.s., it's important we bring in those younger generations to us sensually putrid proof the nfl. so when i first came in, i felt like well things are going very well, the nfl's incredibly healthy and strong. but the younger generations like every brand out there, they are becoming interested in other things. so how do we catch their attention, how do we engage with them, and how do we use that as a strategy to not only get in those but a rejuvenate, and make the nfl brand feel more modern and progressive. maria: so you looked at the whole nfl ecosystem and tried to zero in on how you can do that. and you are having a real effect. we were talking about a year ago about falling ratings, your time at the kneeling issue, we were talking about concussions and all the negativity around football. tell me what you did in terms of the nfl ecosystem. >> first i said we have to focus on the joy and love of the game. at first that is the heart of why this game exists. we have to begin to drive our own narrative, not let others tell ou

u.s. citizens who are under age the going to send them back to work and we send them back to their country their country the united states they were born here they don't they didn't even know us i was in there never been there so if you're a problem as we've talked about one superpower i want to ask you about another rising power in the world and that is china and you recently came back from a visit in china the previous administration 18 months ago switched from diplomatic recognition of taiwan to recognition of beijing you before you took up your post was somewhat critical of china you said china medals in democracy your most recent comments though that you're going to get a big investment you say china is going to provide a gigantic norm refundable cooperation can i work out where you stand on china are you sticking with beijing or might you switch back to recognizing taiwan has a decision been made decisions have been made you cannot ignore china and then china is the 2nd largest a canonical superpower. it's you don't have to take investments from them and i'm going to quote your own w

u.s. rivalry with china, globalization and the end of the computer age at a manhattan institute dinner incity. this is 40 minutes. >> good evg,