u.s. farmers in the midwest take how much pain and suffering can iowa poor farmers take the fact of the matter is last year pork exports to china were up all across the globe except in the united states where they're down 2 percent in brazil just last year they're up almost a 3rd and so once again we're just seeing pain upon pain and now that we have 100000000 fewer. or poorer in china fewer swine you know what they just do not need as much soybean imported right and so the fact that they're saying well maybe we'll imports and soybean no they're not we'll never get those markets back it's very unfortunate and back on pork if you're a carnivore you probably love toward china certainly does we know that enough so that there are official government stockpiles of the meat we know about the inflation impacts which may have convinced local governments covering a population of 130000000 people to start thawing out some of their reserves of frozen pork and now my question is are we on the verge of seeing this factor of pork prices start to have some interactive feedback if that's with other act aspect

u.s. farmers they may get off much more cheaply than it was expected before my how do you see the chances for for the 2 parties to come to a deal i think are rather high i think that trump statement to congress indicates that they've probably already reached a broad agreement and both sides want it just to say that they've won the battle and then they can move on to things which they would both rather move on to michael ben thank you very much thank you. well the united states and china gearing up to hold talks aimed at resolving their prolonged trade disputes on wednesday this man deputy finance minister. will lead a delegation to washington to pave the way for high level negotiations in october and upcoming trip has raised hopes that the 2 sides could be ready to come to an agreement the conflict has seen the introduction of hundreds of billions of dollars in tariffs fueled fears of a global recession and it has one company that has overshadowed trade talks so far it's who are way washington has accused the telecommunications giant of spying and has banned american companies from cooper

u.s. imports trade went down leaving american farmers scrambling in search of new markets now china is back as a buyer. recently both sides have to split some good will for example the u.s. side has waived tariffs on many products and so on the chinese side we are willing to buy more products that are needed by the chinese market we hope both sides can take war enthusiastic measures get away from the pessimistic language if both sides do this talks will not only resume but they will yield results. u.s. farmers would appreciate that and things are looking good chinese firms have already ordered considerable amounts of u.s. pork in a sign of a potential breakthrough also of course because the country is facing a severe shortage due to the spread of african swine fever that has ravaged local suppliers. let's take a look at some of the other global business stories making headlines. france is cutting the tax burden for families by more than $10000000000.00 euros next year and it's urging germany to follow its lead with fiscal student stimulus to bolster its flagging economy french friend french

u.s. imports trade went down leaving american farmers scrambling in search of new markets now china is back as a buyer. recently both sides have displayed some goodwill for example the u.s. side has waved to terrorists on many products and so on the chinese side we are willing to buy more products that are needed by the chinese market we hope both sides can take war enthusiastic measures get away from the pessimistic language if both sides do this talks will not only resume but they will yield results or. u.s. farmers would appreciate that and things are looking good chinese firms have already ordered considerable amounts of u.s. pork in a sign of a potential breakthrough also off course because the country is facing a severe shortage due to the spread of africa's swine fever that has ravished local suppliers. you've heard of the green economy the idea of sustainable environmentally aware development well jiri a sees its future in what's known as the blue economy officials have been meeting in the port city of iran to discuss to discuss how the sea can help create thousands of jobs algeria'

u.s. farmers. it's only going to help foreign biofuel producers.nsistent with an american first energy policy. ashley: all right. got it. thanks so much for explaining the issue from your point of view. really appreciate it. >> thanks for having me. ashley: fair and balanced, we go now to todd becker, an ethanol producer. hello to you, todd. the question is, you have a bunch of corn that's been grown and has nowhere to go so you want refiners to take more of it to produce more e-15, this ethanol bland gasoline. that's your part of this story, is it not? you want to be able to use the corn and you want the refiners to up the amount of refining they do. >> we just want the refiners to comply with what the law says and not get a waiver to grant so they don't have to use it or get an exemption. that's all window dressing. ethanol has been 30 cents to a dollar cheaper than gasoline well over the last ten years. it cheapens the fuel to the consumer. there's a 10 p% mandate but the can use up to 15% that the president gave us as an industry as a waiver. i

interesting details so for example part of it is a digital trade and then also it is good news for the u.s. farmer for the agricultural industry and at least for now obviously washington is not going to impose higher tariffs on car and car imports from japan. of course as we have to ask you about the big news in the us right now this impeachment inquiry housing markets reacted to this if at all you know investors on wall street to basically shrugged it off and maybe because they do not really believe that this impeachment inquiry is going to go anywhere but then also if you look at the positive the seventy's for example the impeachment inquiry against richard nixon that the markets big then got hammered was probably because of the oil crisis high inflation at the end of the gold standard so those were probably the real reasons why the market got hammered and if you look at the ninety's and the impeachment trial against bill clinton that the markets took off big then was also not because of the political turmoil but because of wall street was clearly focused on the dot called boom well as people ar

u.s. farmers have been been hit hard by the collapse in exports but china is now facing a severe shortage of 4th through the spread of african swine fever which has ravaged local suppliers. russia has pledged to double grain exports to venezuela to help offset crippling u.s. sanctions it's a lifeline for president nicolas maduro who came to moscow this week looking for whatever help he could get. together again nicolas maduro needs all the allies he can get on vladimir putin has extended not just the hand of friendship but of help. groups and people oh it's very nice to be here in moscow no wonder who has pledged to boost basic food supplies and. it works because you look we believe any deviance from the dialogue to be irrational and detrimental to the country posing a threat to the nation's wellbeing. still missing in. the socialist president's mind was on food rather than friends when he indicated he was ready to hold talks with donald trump. your 30 only 1st. i would be willing we would be willing to initiate a process of conversations dialogues negotiations to try to establish a relat

u.s. farmers have been hit hard by the collapse in exports but china is also facing a severe shortage of pork following the spread of african swine fever which has ravaged its applause. and let's take a look at some of the other global business stories making news. leading east cigarette maker jewel labs has announced a change in leadership and pledge to suspend advertising in the us following a write a recent regulatory backlash as follows the deaths of 9 people from a mystery long illness mostly linked of a being a legal black market cartridges containing t.h.c. is the primary active ingredient in marijuana. britain's biggest carmaker jaguar land rover will shut its u.k. plants for a week during november with britain due to leave the e.u. at the end of october the company's c.e.o. says the closure will help it cope with a potential no deal brags that jael are runs 3 car facilities and one engine plant in the u.k. . well limiting carbon emissions is central to the fight against climate change there's also the matter of capturing carbon already in the air the simplest way would be planting mo

u.s. farmers are suffering so there are clear incentives it's not a blockbuster deal that at least a limited deal to be reached or or do we work towards the deal go right i've got another question for you coming up shortly i should just don't go anywhere because the world trade organization has approved a request by the u.s. government to impose punitive terus on the e.u. for subsidizing its main aircraft manufacturer airbus used trade commissioner cecilia monster and expects terrorists with $11000000000.00 any time soon similar terrorists could be slapped by the e.u. on the u.s. for subsidizing its own plane maker and that would be boeing back to frankfurt to ashur toss ok so both sides are slapping pretty much equal terrorists on each other that sounds like a win win a lose lose situation. that is never going to be a win win and you're seeing that with china and the us how the that it's a band out there particularly painful when it comes to the aviation industry which actually their components are shipped from various parts of the world and that's the reason why the e.u. wants to come out

u.s. farmers in the chinese market.id: we saw the brains are by far the -- the grains are by far the largest hit. you say income is down. delinquencies are up. is that your experience? tom: it is. our customers are predominantly agricultural co-ops. we lend money to form associations who lend to farmers and ranchers in 23 states. clearly the stress among and ishin the producer community being manifest. the balance sheet strength and the cash flow of farmers is significantly softer than it would've been three or four years ago. david: let's talk about what that might mean politically. if we look at important swing states like wisconsin, they tend to be agricultural states. you see wisminnesa, iowa. our farmers forgiving the president, are they staying with him, are they starting to say we are getting nervous? tom: farmers are like everybody else. you ask 10 people and you will get 10 different opinions. each is nuanced. as congressman crowley said a few moments ago, rural americans in general and farmers in particular ar

u.s. farmers, whether it's soybean, now they say they're going to buy more pork products.you think that's a sign, because their economy has been pressured during the trade fight, do you think that's a good sign that the chinese are willing to come to the table now and do a deal? >> i think they are. i think it's important. trump didn't help it yesterday when he kept saying this is not a globalized economy. it is a globalized economy. take a look at what you're wearing and where it came from and the cars that you have and where they came from. so no, we need to work it out. nobody is winning with this right now. and not only are we suffering, but the rest of the world is. cheryl: lawrence, there is so much to get to. didn't even get to iran with you. so much is on the table this week. it's never boring during u.n. week. thank you very much for being here. >> thank you. lauren: a major penalty for mercedes-benz parent company, daimler. they were hit with a $960 million fine for selling cars that cheated on diesel emissions. the fine came in at the end of the -- lower end of

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u.s. farmers who have been hit much harder by the u.s.-china trade war. our guest is still with us.hisve been saying could be a template for the u.s.-china trade negotiation's, but that relationship is a lot different than the u.s.-japan relationship, isn't it? roelof: clearly, it is also about intellectual property. it's a positive sign, but there is still a lot of work to do between the u.s. and china. is reflectedaution in a lot of the investment community. investors are more cautious on equities than back during the financial crisis. a lot of money on the sidelines waiting to be put to work. what would make you want to participate in that upside? what we change our mind is basically their stabilization . ist we don't want to see corporations continuing to make people work less hours and eventually lay off people. that is the next step in what is normally a late cycle phenomenon. matt: do you see the layoffs coming? this is a question we are asking not just in the u.s. but everywhere because of the trade war. do you see the manufacturing issue starting to hit the employment numbe

u.s. farmers talks began on thursday and they were led by there were 30 chinese officials who came to washington d.c. led by the feisty bice finance minister early on when he met with u.s. deputy u.s. t.r. jeffrey garish they were set to have talks about the agenda for the early high level talks that are scheduled for early october and those will take place and be led by u.s. trade representative robert light hisor and u.s. treasury secretary steven chu who will meet with china's vice premier and on thursday u.s. commerce secretary told fox business that it remains unclear what china wanted will ross said we will find out very very shortly in the next couple. of weeks what we need is to correct the big imbalances not just the current trade deficit so that both sides are hopefully working together to try to find some sort of deal so last week president from delayed an additional attack tariff on chinese imports scheduled for october as kind of a sign of goodwill as the us doing anything else well the u.s. did delay that just last week and this week they announced that it will temporarily exempt $

u.s. farmers personally.ony paydu sass that visit could accompany a purchase agreement. >> there is more than just purchases here. there are structural reforms the chinese knowhat we have to have over non-tariff issues as well. and we hope t tt these purchases or agreements or these talks this coming week can lead fruitful and giveomentuenas we said in the further discussions of a trade resolution. >> the goal of deputies this week isn't to broker a deal. it's toab set the for a meeting among principals next month and aet meetingen the country's two leaders after that. and adviser to predent trump tell the south china morning post if he don't get a bigeal soon tariffs could sky t rocket. more nightly business repor kayla tausche at the white house. l >>> time tk at some of the upgrades and downgrades. we begin with shares of costco rperform from un market perform at bernstein. the analyst says that investors are overpaying for the quality of earnings, dividends and defensiveness. price target $230 that stock

tariffs have been great news but other farmers across the country complain they are the real victims of the china trade war the vast horn soybean and hawg farms of the u.s heartland have watched prices plummet as china's stop buying in retaliation for the trumpet ministrations tariffs to limit the economic and political damage president donald trump promises a $16000000000.00 handout to affected farmers but even the garlic kenya admits a prolonged trade battle loom good for the economy we understand that this trade we're it could stand to hurt a lot of americans if it drags on for too long economists' and central bankers are watching with alarm as global trade flows slow manufacturing shrink. confidence sags over trumps trade war and the longer it goes on the economic outlook for workers consumers and yes even garlic farmers will start to stink rob reynolds al-jazeera gilroy california. in the u.s. left 5 people dead and 21 wounded in texas and suspect was shot by the police after he hijacked a mail truck and 5 passes by his alexia brought. shooting going on. the final moments of what began as a routine traffic stop or we have the suspected gunman a rig

u.s. soybean farmers are among those hardest hit by the u.s. trying to trade war as china is hitting their products with hefty retaliatory terrorist among those profiting from the ongoing dispute are soybean farmers in crushers in argentina for the 1st time in decades they'll soon be allowed to export to china. what china has been the top fire of wrought in time soybeans it has long resisted opening up to soil meal and tinian industry insiders say the u.s. china trade war helped make argentine saw e-mail exports more alluring as beijing diversify as it supplies and lets washington know it has other options. and uses russian seen as the largest exporter of soy in the world and china is the largest consumer the signing of this protocol establishes a solid and legal basis for the conversion of these 2 huge markets i hope the 1st shipment of argentine soil to china will come shortly night. the pact came faster than many expected and it means argentina could export 31000000 tonnes of soy milk from this year's late harvest though the amount china will

u.s. farmers hit hard by chinese tariffs are losing hope that's a problem for trump and unless resolved could hurt his chances for reelection kimberly help at al-jazeera the white house a group of south korean politicians has visited disputed islands in the sea of japan as tension continues to rise between the countries they want to protest against japan decision to ban the export of components and materials used in smartphone chips japan's foreign ministry condemned the visit describing it as extremely regrettable known as dr in south korea and japan the islands are controlled by seoul but claimed by tokyo having initially rejected the offer oblivious president evo morales now says he's open to accepting international aid to help fix damage caused by fires in the amazon they've been burning out of control for weeks doubling in size since thursday one and a half 1000000 hectares of forest had been destroyed in the fires heading south towards paraguay. a judge in sudan has formally charged deposed president omar al bashir with corruption and the illegal use of foreign funds we're told the cour

u.s. farmers get a bit of relief today from this japanese trade deal. to me in the u.s. is still remarkably weak it seems u.s. business investment contracted more sharply than previously estimated in q 2 and now that in qana me is steadily losing sweet as its stimulus from the tax cut fades should leave the house worried should we be as new data points emerge every day to suggest a weakening here and on the on the trade deal the g u s has reached a partial trade pact but on the japanese side it is only really got just the trump not did not impose new tariffs on japanese autos is that really all they got from this deal on the japanese side. oh i think those are the gotten so far no i get i think that'll be an ok i think it will be a solid deal when it's all said and done but i think when you go back to our economy and the slowing i think of this i think i've said this before in the last 6 or 7 weeks that i think we're in the very early stages of a recession you know you're starting to see these little problems creep up ever to keep saying it doesn't matter this is not 200

u.s. farmers hit hard by chinese tariffs are losing hope that's a problem for trump and unless resolved could hurt his chances for reelection kimberly hellcat al-jazeera the white house. we are on al-jazeera going to bring you all the latest wild sports news that peter will be here with the story of golf's number 402 making his presence felt. in switzerland i. around the world title and to use a word to manipulate and influence us trolls thoughts take you just algorithms that a clean developed and designed to push content that says click me every click we make is a value of software but what and in the further 5 part series i did raise in mexico examining how propaganda and proper shape content all through the algorithm on a. set in the discussions police in cape town has struggled to getting steadily down by examining the headlines now under president putin russia is making a push to engage explore an abundance of world class programming designed to inform among today's and inspired me but. it's almost 2nd nature and i also know what they see the world from a different perspective on al-jaze

u.s. farmers hit hard by chinese tariffs are losing hope that's a problem for trump and unless resolved could hurt his chances for re-election kimberley help at al-jazeera the white house. bolivia's president will morales says he's open to international aid to fix the damage caused by the fires that have doubled in size since thursday it's destroyed one of the half 1000000 hectares of forest and is heading south towards power acquired by latin america edison the c.n. newman joins us live from sonic nacional in the live the it sounds like a pretty bleak picture nice. i know you were intending nashville this is the area has been declared a world heritage site by unesco because of it just about missionaries missions which date back to the 6800 but now all of these colonial buildings are being used as a collection and and control center for fighting the fires and. who the water are and venison is being distributed by soldiers and volunteers from local communities that have lost their crops there their wildlife are rather their or their capital also i spoke to the mare who said that about a week a

u.s. farmers hit hard by chinese tariffs are losing hope that's a problem for trump and unless resolved could hurt his chances for reelection kimberly help at al-jazeera the white house have been more eruptions from mexico's public as a petal volcano hurling rock in the sky southwest of the capital of all came has been particularly active in recent months about 25000000 people live within 100 kilometers south of the crater. time now for sports. thank you very much 22 year old. has been killed in a horrific accident during a formula to race in belgium last year's g p 3 champion hit a tire barrier at almost 260 kilometers per hour he's caught in spun back into the path of one man well. he was unable to avoid the frenchman and his cost side on subsequently ripping it in half the race was abandoned following the crash as was sunday's 2nd race which was due to be held before the formula one grand prix. and one champ lewis hamilton paid tribute on social media saying that and one was a hero as far as he was concerned for taking the risk he did to chase these dreams and hamilton was lucky not to be

u.s. farmers hit hard by chinese tariffs are losing hope that's a problem for trump and unless resolved could hurt his chances for re-election kimberley help at al-jazeera the white house. nearly 2000000 people in india are facing the prospect of becoming stateless they have been excluded from a final citizenship list in the eastern state of assam after a process that the government says is designed to weed out illegal immigrants gupta reports lodge a city go hottie. and anxious saturday in a south people lined up since early morning to find out if their names are on the state's final list of citizens 47 year old lee general ham on a farm would probably village is on the list but his wife and 3 children are. very worried i feel bad in my heart i am very sad. this elderly couple who go hearty also try to understand what went wrong 70 people not was born in assam and has lived here all his life his entire family is on the list except him and his 2 daughters i wanted you to know between who are on the list submitted the same document my daughter and i submitted that as well so how can we be excl

u.s. farmers in montana and nebraska. joining us now on the cnbc news line is the director of farm bureau thanks for your time we want to know what the deal was here who contacted you? how planned was the visit and when exactly was it cancelled? >> they said they were going to be in the area next week, tuesday and wednesday. they like to see some montana agriculture and i responded and we have seen some of our folks who said we would be happy to help and ask for more information. the next correspondents we had was this morning when they responded and said they were cutting their trip short and returning to china they will not be visiting in montana after all. >> did you get a reason as to why they were cancelling >> no, no explanation. i really have no insight there >> i don't mean to put words into your mouth, nicole, but it sounds like this visit, the first call you got was yesterday morning on thursday. it sounds like this was a few bucks shy of being in the whole and a lot down visit by a delegation am i wrong about t

u.s. farmers hit hard by chinese tariffs are losing hope that's a problem for trump and unless resolved could hurt his chances for re-election kimberley help at al-jazeera the white house believe is president obama says he's open to.

u.s. farmers , this indicates maybe we are getting somewhere. >> there have been so many naysayers from eachther not only for trade but each leader needs the other. trump wants to win an election. he won't be able to do that if the economy slipped into recession. the uncertainty over trade created enough kinks in the flow of funds that we really do need the certainty of the trade deal. we already know what china is dealing with, they are slipping gdp. each leader needs the other. >> at the same time, i don't think she wants trump to have another four years. like okay, great, we will go back to business as usual. >> trump is way tougher on china than any other president in recent history but guess who will win. >> i think you're right. >> i don't think he will lose it. i think he realizes the key to this whole thing, which is why he's talking a possible new tax cut, he's also talking about a deal even if it's half deal just because he wants to give businesses the certainty that comes with even half deal because expenditures are done. i think you want to get a deal done. that helps the economy

u.s. farmers they have been reeling under the trade war with china especially after they stopped purchasing of farm goods in august propelling trump to reach a partial trade agreement since six full months. the key to the deal was japan agreeing to gradually lower the levee on japan beef. avoiding liberalizing farm goods further than it did under the transpacific partnership the deal gave trump the agriculture he sought holding off on auto deals the japanese dreaded. they called it a win/win with many differences involved with trump signaling for further talks. saying trade negotiations could enter a second round as early as next spring. u.s. has taken aim at the sector and opening up of japan's financial and communication industry that's all from the nikkei back to you. >> thank you let's stick with the trade talk. u.s. chip maker micron warns as it has seen a rise from chinese customers. you can see the swiss firm is in rough territory. all well into the red. joining me to explain what is going on what caused micron to talk about this weakness? >> it was all about the guidance for the fol

u.s. farmers. china would also discuss outlining a plan for forced joint ventures. china one crease the number of wholly owned enterprises in their country. also the u.s. would possibly remove china from a list of currency manipulators. jerome powell says china's central bank has a seat at the table in the trade talks. >> we are not in the room on trade discussions. we are not and i advisor to the government in any way. that's not the case for the chinese central bank. they are part of that conversation in china. we don't see that part of the world. reporter: powell goes on to hint he will support a rate cut. >> we would never comments on trade policy. it's not a responsibility of the fed. but i think it is the case that uncertainty around trade policy is causing some companies to hold back now. our obligation is to use our tools to support the economy. >> obligated to use the tools to help the economy. the federal reserve chairman says the u.s. economy is in a good place. he pointed to wage increases and increase in the stlaib force participation rate. trump blasted

u.s. farmers. >> it's not just the physical ache from today's hard work that this soybean farmer is feeling it gets to be kind of a pain. >> it's also the stress of not knowing how much money he will bring in amidst the president's trade wars. it's forcing him to find other ways to stay afloat. >> delay equipment replacement. find cheaper seed and do things differently than you normally would do. reporter: according to the state farm bureau, tariffs cost nebraska farmers $1 billion in lost revenue this year alone. beyond nebraska, midwest farmers in illinois, minnesota and wisconsin are also feeling the strain as bankruptcies skyrocket. there is no certainty for income on important crops like corn as congress returns from recess farmers are hoping they will pass the usmca trade deal it stands for united states, mexico canada agreement. the trump administration calls it the successor to nafta which has been in place since the 1990s. >> one of the important thing the usmca does is protects the markets we have in canada and mexico. reporter: the iowa state university professor cautioned the de