u.s. or china. so a lot of transformation in only twenty years. south africa is officially in recession after its g.d.p. shrank for the second consecutive quarter that is the country's first recession since the two thousand and nine financial crisis the weak and economic data are bad news for south africa's president he needs strong growth to help reduce the country's twenty seven percent unemployment rate as well as its poverty and inequality the downturn is linked to south africa's weaken currency and investor fears over land reform. mercedes has unveiled its first all electric s.u.v. and to challenge tesla and the premium electric vehicle market the subsidiary says it will begin production on the e.q. seen in the first half of next year the vehicle as a range of four hundred fifty kilometers. told reporters that mercedes was going all in on electric cars the company says it will offer ten models by twenty twenty two. hour show if you want more do check out our social media feeds from me and the entire team here thanks for watching and see you t

u.s. or china. so a lot of transformation in only twenty years. i want to talk about google a bit with the journalists covering the tech industry it's motherboard that's a part of vice media welcome to is a. term that was google just in the right place at the right time or what has made it so successful to a yes man and a first as the algorithmic ranking off websites previously search engines were around in one hundred ninety eight there was fraulein portals which to leverage basically lucky results of that and the idea that google brought into it was ranking websites why considering how often they have been linked to it's an idea that comes from science how many referrals to get means your paper is probably . a little more relevant and that was what made it so successful the second idea was the turning that edward that business aspect of it around so the search was connected with edwards and that still provides most of google's profits up a little today to talk about google's profits very successful company. the company's motto is do no evil goog

u.s. or china. so a lot of transformation in only twenty years. and new advertising campaign by sports giant nike has throw its weight behind american football player collin capper nick and it lit up an already racially charged debate in the us well this just days before the start of the new season on kaplan it is the quarterback who caused division protesting racial injustice by kneeling during the american national anthem all that protest started more than two years ago and president trump has chimed in source fully against the movement that capper next started not he's new campaign pulls no punches believe in something even if it means sacrificing everything. that's exactly what colin kaepernick has done over the past two years after starting his protest in aug twenty sixth same company because not being offered a new contract by any n.f.l. club. his decision to protest racial injustice specifically police brutality against african-americans caused a vision as fellow n.f.l. players joined the movement. u.s. president donald trump was among the

u.s. or china. so a lot of transformation in only twenty years. well let's talk about google with steven biz the tech business correspondent stephen good to have you here what has changed more in the last twenty years google folks opinion on funds like google i think both for sure one thing that hasn't changed with google is that it's primarily and. advertising program that's its key source of revenue but obviously beyond that it's a massive tech firm that now reaches into cloud computing driving cars artificial intelligence and obvious their everyday lives there's a bit of a paradox there between its ambitions and its every day availability but obviously public things have changed too we look at where those jobs are for all the value of these companies they employ very few people the jobs are mostly located in urban centers and require certain education levels and then there are questions about social responsibility including taxes things like that they're hitting firms like google and facebook and of course the growing realization that our data

u.s. or china. so a lot of transformation in only twenty years. time to talk more about this i'm joined in the studio now by g.w. business correspondent stephen b. it's a good to see you stephen i suppose the question is what's changed more in the last twenty years is it google or is it popular opinion on tech firms like google. well and i think in one sense google hasn't changed very much over twenty years and that is that it is primarily an advertising program or in fact eighty five percent of its revenues in the past quarter came from advertising but of course it is a massive tech firm with other ventures including artificial intelligence including self driving cars and. of course we google things that's what we do what's interesting is that for their massive earnings seven hundred more than seven hundred billion dollars we heard they employ relatively few people and those tend to be very well educated people in urban areas and so there can be sort of an aloofness or offense oftenest to these massive tech firms you might not see in other areas

u.s. or china. the political and farming is quite difficult.he things we were to do is navigate that environment as a company and remove that uncertainty away from our shareholder base. we are pleased how the stock has been performing after we have done it. we will continue to do those things. what was the range of emotions you went through when you found out that was not going to happen? victory? relief? is unprecedented. there is no playbook when something like that happens. the law tells you what you need to do, so we did that and moved forward. our whole mentality is that is behind us. the real focus is 5g ramp and how do we resolve the apple dispute. emily: part of the reason the deal was blocked as the president saw a national security threat. do you think that threat is real? steve: worldwide qualcomm is a leader in 5g, and they wanted to make sure that is maintained. i'm not sure everybody understands everything that happened there. emily: there was the flip side and qualcomm tried to buy nxp. forwaited for two years approval as trade t

u.s. or china. so a lot of transformation in only twenty years. through i'm joined tonight by young she is an associate professor of communication studies at the university of north carolina her upcoming book is entitled china versus information and she joins me tonight from charlotte north carolina and welcome to the day so we've got this twentieth birthday of google is this a chance to celebrate what the company has become or is it a reason to worry about what the company is becoming. certainly i think it's a chance and google has done and many wonderful things and created many wonderful technologies that have a common a part of our daily fabric and certainly it's a point a moment to celebrate but at a same time i think over the twenty years and google has encountered many problems that are becoming more and more problems today. one of those problems is an image problem that these tech titans they aren't popular at the moment the c.e.o.'s of you know alphabet google and twitter and facebook what they'll again testify before u.s. congressional co

u.s. or china. so a lot of transformation in only twenty years. and more about this i'm joined in the studio now by d.w. business correspondent steven b. it's a good to see stephen i suppose the question is what's changed more in the last twenty years is it google or is it popular opinion on tech firms like. well and i think in one sense google hasn't changed very much over twenty years and that is that it is primarily an advertising program or in fact eighty five percent of its revenues in the past quarter came from advertising but of course it is a massive tech firm with other ventures including artificial intelligence including self driving cars and. of course we google things that's what we do what's interesting is that for their massive earnings seven hundred more than seven hundred billion dollars we heard they employ relatively few people and those tend to be very well educated people in urban areas and so there can be sort of an aloofness or offense oftenest to these massive tech firms you might not see in other areas other industrial firm

u.s. or china. so a lot of transformation in only twenty years. i want to talk about google a bit with the journalists covering the tech industry it's motherboard that's a part of vice media welcome to is a. google just in the right place at the right time what has made it so successful . yes ma'am the the first is the algorithmic ranking off web sites previously search engines were around in one thousand nine hundred eighty five there was fraud in portals which to leverage basically lucky results of that and the idea that google brought into it was ranking websites why considering how often they have been linked to it's an idea that comes from science how many referrals to your paper get means your paper is probably and. a little more relevant and that was what made it so successful the second idea was the turning that edward that business aspect of it around so the search was connected with edwards and that still provides most of google's profits up until today to talk about google's profits very successful company. the company's motto is do no

increase because of massive tariffs it may be imposing on china but there is easy solution, zero tax or tax incentive, make your products in the u.s. instead of china. start bidding new plants now. exciting #maga. most think the tweet was in response to apple's filing with the u.s. trade representative that the proposed trump administration additional $200 billion on chinese goods would affect its watch, wireless headphones, marc mini computer, chargers, a adapters, specialized manufacturing machinery. really the first time apple came out saying american consumers will feel this there will be specific damage from a trade tiff. trade experts of course pointing out that apple is particularly vulnerable to trade tariffs because it can be hurt with both edges of the sword. apple manufactures so much of the products in china and exports them to the u.s. where they would be hit but apple has a sizable business in china which the chinese could target for retaliation of u.s. trade actions. apple's statement, i want to bring up part of it for context. tariffs increase the cost of u.s. operations, divert our resources, disadvantage apple co

u.s. or china would impact it., trade with china for vietnam a monster about a quarter and the rest for to the u.s. and the eu, so it is important that vietnam maintains its good relations with both sides. haidi: as we see, emerging markets falling like dominoes lately, how resilient is vietnam? haslinda: you know, surprisingly, haidi, vietnam has been pretty resilient. growth in excess of 7%, second only in asia and that is to india, which is growing at 8%. the currency is stable despite what we are seeing with emerging-market currencies. and inflation, although it is rising, it is pretty muted because the central bank implemented measures to rein in inflation. so it is pretty stable at this point in time unlike during the temper trend from dust during the asian financial crisis. vietnam was pretty -- unlike what we saw during the asian financial crisis. this is a country where your investments will do good, you will see returns. in fact, when you take a look at vietnam as a market, it has been pretty stable. the

u.s. or china, tobacco, watching the situation closely. after the fda in the u.s.ays it is paying more mind to e-cigarette use by minors. jewel which had been attracted to teens. companies that make this on the rise. if people are not allowed use e-cigarettes, they will go back to regular cigarettes is the thinking. turning point is in the red. wake ofes, in the inventory and ahead of hurricane florence, crude oil in the u.s. is $70.93. day gainits best two since late june. vonnie: excited to be joined by jason trennert the chief investment strategist at scarlet fu. we spoke -- strategas. ray dalio says the next downturn is a couple years away but the dollar could appreciate as much as 30% in the next crisis. what is your thinking on how far away we are from another crisis? >> i may have a somewhat more optimistic view than ray dalio. he has many billions of dollars more than i do. think it ishat i very hard to get a recession when the real fed funds rate is zero. which it is right now. i think frankly that there is a good chance the cycle will last quite a bit lon

u.s. or china? ben: it is an interesting one.t the offset of this, i think there was a view china was well insulated against this and had a lot of other options for trade partners. they were going to work on their own native industries and build consumer demand locally, but in the short term they missed the -- misjudged their capabilities to weather this storm. the a share market has taken a dive to do with deleveraging and the abolition of shadow banking institutions. ultimately, i think the effects of this will be seen about a year from now when these policies and the damage in order books take effect. i think, in the short-term, the united states, farmers, and some suppliers of products into china will be hurting. in the long-term, china will struggle with the ramifications of this, particularly if the 25% tax hits on january 1. emily: talk to us about the impact on tech products and the potential impact from the additional $267 billion in goods that the president could tax and has threatened to. mark: just a little history, o

u.s., or u.s. exports into china, that number is less than 5% of the gdp of each country. ich willral trade, declined by 10 or 20%, the impact on gdp of each of those countries will be well less than half a percent. shery: it is not just about the bilateral relationships. what about the implications for the entire supply chain, particularly in asia? sandip: let's try to look ahead and see how that plays out. i will offer a perspective -- should the global trade war unfold in its entirety to the fullest impact? maybe the volume of aggregate global trade, or trade flows, may not go down a whole lot. what might happen is we will see a different composition of these trade flows. let me give you a real life example. much like we substitute away from foods whose price has gone up, so will the trade from china to the u.s. get redirected different countries and economies. this is nothing to sneeze at, i am just offering a point of view that these fears may be overblown. we have held a view that all of this talk on trade and ramy: has been --on trade and tariffs has been a negotiati

u.s. or china -- google, facebook, tencent. but now india has a biometric i.d. system. it is the only one of these massive platforms that is publicly owned. that means it does not need to make money off of user data. it's possible to imagine that in india it will become normal to think of data as personal property that individuals can keep, rent, or sell as they wish, in a very open and democratic free market. add innovations in blockchain technology, and we are likely to see even more challenges to the current gatekeepers of the internet in the near future. change is coming to transform the world of technology. properly handled, it can produce freer markets, lower barriers for new entrepreneurs, and fresh technologies for greater individual empowerment. that's something even the te technologists in silicon valley should be celebrating. for me, go to cnn.com and read my column. and let's get started. >>> okay. i want to step away from the minute to minute, second to second news for a moment and talk about the big picture of america, the 30,000-foot view. let's forget ab

u.s. or china but this overthrowing the orthodoxy since world war ii that you don't raise tariffs, that uncertaintyill carry on, particularly if it leads to china responding in a way that is not just tariffs there's talk about them selling their treasury holdings, which we don't think will happen but it's more of this ongoing turbulence that could be a problem. at the moment we hope there will be solutions found >> something i always come back to is that the u.s. stock market is doing so well yesterday we had confirmation that third quarter gdp was growing at 4 -- sorry, second quarter gdp was growing at 4.2%. strong numbers in some sense the u.s. has decoupled away from the rest of the world whachlworld. what derails this momentum >> i think the u.s. momentum will keep going. we're optimistic about the growth outlook the fed is raising interest rates, they're withdrawing from quantitative easing. so they're doing quantitative tightening though the levels of interest rates are still low relative to inflation, this is a shift in policy in fact, if you look at globally what's happening to interest ra

u.s. or china. so a lot of transformation in only twenty years. the market valuation of online retailer amazon surpassed one trillion dollars on tuesday if only briefly alison stock rose during tuesday's trading session sending it beyond their mark before it fell back a short time after the company is the second u.s. firm to hit the threshold and measure of outstanding shares multiples by their value apple surpassed they want trillion dollar mark earlier this month. crisis ridden venezuela is breaking with tradition president nicolas maduro has put a stop to massive fuel subsidies the country boasts the biggest oil reserves of the world so up to now gasoline cost next to nothing but not any longer less a country lurchers ever closer to economic collapse it socialist government is desperately looking for sources of revenue. venezuela's gasoline is the cheapest in the world but that also lures people across the border to fill their tanks so last month president nicolas maduro said he'd raise prices and give some venezuelans a fuel discount card inst

u.s. or china in this region in southeast asia russia is looking for influence wherever it can find it is not just in southeast asia it's actually across the world reactivating that diplomacy and latin america in africa and so on in the case of japan japan itself has been seeking a better relationship with russia very steadfastly and persistently over decades particularly over these disputed territories and has from time to time been rebuffed by russia so it is interesting to see whether this new proclaimed relationship will finally actually lead to some kind of represented between russia and japan as well as very interesting to talk to you thank you very much for joining us there. thank you and if you get a chance to check out this interesting discussion on inside stories coming up now about china and russia is growing influence both countries are part of the shanghai cooperation council which was launched in two thousand and one to combat security concerns across central asia and if it were on a man or a guest discuss the importance of the grouping at a time of mixed messaging from u.s.

u.s. or china? when you look at the em space, how would you allocate?gns are you wanting for in terms of what markets you might select? michael: central bank credibility is by far one of the most important things. nejra: who is best? has done well. we have the nafta sort of thing out of the way. that would probably be the place where there are the least clouds. nejra: what about russia? because inflation is not really that you're the target yet, so you could argue they are taking this preemptive step. questions whether that hike is the start of a hiking cycle or just one and done. is that a market you would find attractive if you put the threat of sanctions aside? theael: i will add into kind of thinking about the central bank reaction function politicalbut also the situation because politics has been a big driver for markets and will continue to be so. you also have to think about where the political risks are. we don't know quite which weighed up going to go. nejra: i want to bring in the ecb because he made a point earlier and i moved onto the fed, a

u.s. or china? >> look, i think for the u.s. on this internally i think for the u.s. for 2019 that's when you really see the impact especially if you saw the tariffs on all of the chinese imports. you're talking about potentially 50 basis points of ahead wind to growth in 2019 so not insignificant >> half a percent. >> yes >> thanks for yojoining us there >>> spacex booked the first private passenger far trip around the mn.oo he is bringing people with him are you interested i'll have details straight ahead. (nicki palmer) being a verizon engineer is about doing things right. and there's no shortcut to the right way. so when we roll out the nation's first 5g network, it'll be because we were the first to install millions of miles of fiber optics. and we'll be the first to upgrade the towers and put up the small cells that will power the smart cities of the future. when i started at verizon, i knew i was joining a team that was pushing the industry forward. now, with the launch of the only 5g ultra wideband network, we're doing i

u.s. or china. francine: what would you do with some of the southern european assets?ous. the real yields of emerging markets are attractive. i do not think investors need to be loading up on italian bonds. what is going on in peripheral europe, we going to be dealing with them -- with that for a long time. tom: brian levitt, thank you so much. i want to tell you how excited francine and i are about streaming out on twitter. this is wonderful, amazing technology. we have got breaking news. francine: this is out of italy. , they haveprimerica reached an agreement to cut migration related spending. the italian government pass new rules on migration. that the mostas important players in the government met today, i head the budget law. of the budget law. there is a secret push to make sure the president is trying to keep the populist things in check. user oppenheim or will join -- peter oppenheimer will join us at 8:30 a.m. in new york. this is "bloomberg." ♪ francine: this is bloomberg surveillance. i'm francine lacqua in new york. tom keene has gone to the radio studio.

u.s. or in india, or china. william: we are a few decades and.commerce is only 1.5 trillion and global gdp is something like 70 trillion. that is where the 3% come from -- comes from. over the next few years, we look at something like 5%. -- growth but if we do our job right, we will go there. --oline: amazon just reads reached $1 trillion, where do you think your company will go? a thrive capital. william: it is an opportunity. expectations are very high. we don't these 20 billion -- we don't see 20 billion is anywhere near the end. breaking news coming from the imf disbursement on argentina. the economy minister says they are getting more money. they're getting $7 billion more get the imf fund and will $19 billion of that during the rest of 2018 and the 2019. argentina is ditching its and is goinggeting to control consumer pricing. they're saying high market fall agility is caused for depreciation of the argentinian peso. they are saying argentina has the flexibility of an extent rate and not a floating rate to manage turbulence. there are no s

growth expectations in the asia region, given how everyone's top trading partner is china today, more than the u.s. orurope. if there is a panic about growth in china, given it is 30 for -- 30% of world growth given exchanges, that is probably where more of the negative sentiment would come in and that is hard to mitigate in advance. yvonne: quickly before we let you go, we haven't tackled the philippines yet. do you think they have more pressure, more than bank indonesia to do something today? david: there certainly is that pressure. i would argue that as a result of the recent weather related events, you will see more inflation pressure they will need to react to destabilize expected inflation, where we believe they were too relaxed about it earlier. now, they are clearly on the case and want to demonstrate that they are there to stabilize bally inflation and that means you get at least a 50 basis point hike coming from the philippines. rishaad: real rates, then, -2.5% or thereabouts. you've got to balance that with growth, haven't you? you've got to bring inflation down and do so in a manner that d

u.s. or china. >> i don't think so at this point the trade impact is relatively minor in terms of a dollar> how do you want to invest in fixed income with all that in mind. >> staying short, but -- level good yields yields investors have not seen in years, on short end. and, expect longer term rates higher over time nothing dramatic no reason flat curve like this to take a lot of duration risk. >> brian good to see you thanks so much, coming up latest gdp numbers right after this break. how do you win at business? stay at laquinta. where we're changing with contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com. that's it. i'm calling kohler about their walk-in bath. nah. not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some le

but won't say how many americans may have been contacted or how much success china had trying to recruit americans and this is the first time a u.s. official acknowledged a direct challenge by china or named a specific u.s. company that should take action. >>> looking at the market a few minutes before the closing bell, you can see the dow jones is in negative territory, down 24 points. >>> tonight, san jose will play host to top female soccer players. there will be an exhibition game and there will be action starting at 7:00. >>> a former oakland raiders tight end has been named as the start of the next bachelor tv show. collmenter what was on the practice squad and never played any regular-season game and was more famous for dating former american olympic gymnast, aly raisman. who will now be the one passing out those roses in the new season starting early next year. >>> thank you for joining us today. have a great rest of your day. the news continues on ktvu.com, facebook and twitter and we will see right back here for the 4:00 on 2. n 2. dr. oz: sex trafficking in america. >> the southeast of children hang in the balance. dr.

u.s. and china we've seen so many issues are rise just in the last week or two whether it's u.s. military patrols in the south china sea the tariffs the sanctions on certain chinese companies the collapse for now of trade talks with the cancellation of a high level visit by a chinese official to the u.s. and now this announcement of sale weapons sales to taiwan so it's one more issue that will now be on the agenda and clearly they'll be a period of recriminations from both sides as we simply don't know how long taiwan could withstand a military attack from china but from the u.s. perspective anything that you can do such as sell these the spare parts or what is likely in the future additional weapon sales does help taiwan prevent a chinese attack and the goal of course is to make china not think once or twice but think long and hard about the ramifications in the damage that china would occur if it were to attack taiwan so these kinds of actions help put taiwan in a better position and thus there is broad support among republicans and democrats in the united states for the us. u.s

u.s. business community is that china will impose more qualitative measures so the u.s. business community has seen this as defined as tax audits or possibly greater inspections at the port when it comes to customs so they're worried about that. another idea coming up and getting attention is the idea of export restraints. the former finance minister over the weekend said china could adopt this kind of tactic. that means that chinese companies would be restricted from selling certain components to u.s. manufacturers in the global supply chain. and one of the products that has been left off the u.s. list are rare earths. so china is a major producer of rare earths. these elements are important for all sorts of products including electronics. so there's been some concern among some businesses that rare earths could eventually be restricted over to you. >> eunice, thank you very much a huge number of moving parts. sticking with china, alibaba's outgoing chairman, jack ma, is speaking at investor day right now. the chinese tech giant announced his departure a week ago he will continue as executive chairman for the next year and retain

will not say how many americans may have been contacted or how much success china has had trying to recruit americans. this is the first time a u.s. official has acknowledged a direct challenge by china or named a specific u.s. company that should take action. >> former 49ers quarterback colin capra nick is the face of nike's latest just do it ad campaign that started 30 years ago. the first ad shows him with the phrase believe means sacrifici everything. that is a not too subtle reference to his protest during the national anthem in 2016. it cost him his pro football career. there was mixed reaction from the public and for public figures. he has been under contract with nike since 2011. the new ad campaign as part of a new multi-year deal with nike. >> that brings us to our question of the day, you support nike's decision to make colin capra nick the face of its 30th annual just do it campaign. 74% say yes and 26% say no. plenty of responses to this on social media. renie chimed in saying i will not buy any nike products as long as he is representing. >> michael tweets i love the fact that nike is recognizing contribution to mak

u.s. or come from europe but china is there in order to fund those kinds of projects and i think that's the most important thing for for for those countries one of the things that needs to probably like make everyone worried and the world bank and i.m.f. also have signaled that is it i mean are those countries solvable or will they be able to to bay those kinds of that's what happens if they don't pay those debts and i think the chinese are smart in lincoln some of those that too like commodities and also having access to different kinds of resources within the within the continent but i mean it's something that i mean we need to wait and see how much of an economic and political dependence with a lot of the countries that are not solvent in terms of that that will be to china rather than try the countries i mean to western countries like they have historically been ok i think on can countries afford to wait and same what sort of debt they're going to be in to china or is it already too late well i think in some cases it's too late and in some cases the dominoes are falling in zambia you've

u.s. china southeast asia or europe are about respecting the cultural context and the environment. so that. it's the location and the way the sunlight falls that determine which plant goes where and the geology. is the ground sandy or rocky or lomi. want that determines what grows and what doesn't what we do is not mere decoration it was landscape architecture isn't a simple speedy process it takes time for a garden to come into its own. very well that has to function as a whole because it's alive. there it's not static like a work of architecture made. if startled those who starved but also. the challenge to create something precious for future generations. it takes a visionary to create such a garden in the here and now. heading back to africa if there is a bird why be associated with it i would learn scapes it's the vulture these carbons birds of prey playing important role in the ecosystem yet in africa as in many other parts of the world they face extinction indeed n.c. is specially here in south africa they're also often poisoned so that their body parts can be used for tradi

u.s. or rather to china?t spots on which the trump policy departs radically from president obama's. joining me is dan delus. let's talk about north korea, dan. this is the exclusive reporting that they are building five to eight new weapons, the same pace they have had for years. there's no sign they're slowing down. >> that's right. so, not only has the regime not even declared what the the scale and size of its arsenal, they're not even -- not only that, they're actually continuing to build and pursue this nuclear and missile arsenal and, also, wi what this reporting shows is they're trying to conceal some of their warhead facilities. so it's not just a status quo. it's maybe getting worse in terms of what their nuclear weapon and missile capability is. >> a lot of people including at the white house are putting attention on the fact that at the parade this weekend there were no long-range missiles but there was a top level chinese official there and north korea is trying desperately to rebuild its economy

u.s. and whoever else they can cobble together but germany is the massive story of twenty nineteen well yeah the condom use of the world or the u.s. germany and china and those are the three superpower is of commerce and superpower manuf that germany and china make everything the u.s. consumes everything that gives them an outsized power on the world stage germany because of its history has mostly stayed quiet and they just keep on building and put their heads down and try to forget their past and hope everybody else does so they however are now in a bind because they run the e.u. and it's quite clear it's greece and they own the failure of greece has basically expose that lie that somehow it was a union of of twenty seven members and they were all equal and now it's germany that runs everything like everybody had suggested and used to be considered a conspiracy theory but now it's obvious they are they are the main power they run the central bank they run they have the power so you know there are a number of thing. things that they are starting to see that there is so therefore because germans are ultimately on the hook for any collapse of the ita

hundred billion dollars the move is seen as the most dramatic escalation in the trade or between china and the u.s. . for u.s. president barack obama has had his successor and the republican party in a rare political speech obama urged people to vote in november as midterm congressional elections which could have a major impact on president trump a white house correspondent kimberly helka reports accusing current president donald trump of capitalizing on resentment former u.s. president barack obama delivered a blistering attack on trump's time in the white house this is not normal these are extraordinary times and they're dangerous times obama is back on the campaign trail advocating for democrats in advance of a november vote that will determine control of the u.s. congress and offer what he believes is a much needed check on his successor the politics of division and resentment and paranoia. is unfortunately found a hole in the republican party. obama's fiery speech took aim at some of trump's most controversial moments as president looting his response to white nationalist protests in charlott

craig: that would certainly up the ante if you see a real economic slowdown in china or the u.s., particularlyssure on donald trump's electoral base. the impact on china is going to be relatively small. it is difficult to force them to come back to the table. although trade with the u.s. in china is important, it is a small part of gdp. you end up with a 0.4 hit to gdp growth. china step up? when do we get to the point that they are trying airbus, not bowing? when is it clear that there is an economic impact that will affect workers in the u.s., and the white house will have to react? craig: with the adverse discussions, i think it is hard for china to switch entirely. guy: there is a political story as well. craig: of course. if china does up things and targets u.s. corporate's aggressively operating in china, arrange one official boycotts -- unofficial boycotts, then you worry about it. the u.s. has been providing financial support to affected industries. you have support for farmers for example. vonnie: you also say it is only a 0.4% hit to gdp, but they will not let that number go below 6%

or. the back and forth between the u.s. and china is quickly escalating into an all out trade war between two of the world's biggest economies and this latest round d.c. has imposed penalties on two hundred billion dollars worth of chinese goods and that's set to increase further at the beginning of next year trump clearly means business we're also cracking down on the unfair trade practices from china we are far more bullets we're going to go two hundred billion to two what if i push it. johnnie's very good. and we will come back with war if they retaliate we have a lot more to come back with but china isn't taking any of this lightly they've hit back and added more tariffs on american products with up to one hundred ten billion dollars and it might not stop there already threaten to impose tariffs on effectively all u.s. imports from china but what does this all mean for the average american consumer according to wal-mart the country's biggest retailer price hikes we have very concerned about the impact these terrorists who have on

say how many americans may have been actually contacted, or how much success china has had trying to recruit americans. this is the first time a u.sal has acknowledged a direct challenge by china, or named a specific u.s. company that to take action. >>> well, first it was apple, now amazon. it has hit the one trade dollar mark. today, the online retail giant became just the second publicly traded u.s. company to surpass the milestone. you will remember back in august, apple became the first american company to be valued at $1 trillion. to talk more about what this milestone means, we are joined now by mitchell marx, the professor of business management at san francisco state university. mitchell, thank you for being here today. how much does this really mean? how important is it for amazon to hit the trillion dollar mark? >> well, alex, good to be here. thank you for having me. two answers to that. ones, it's trivial, because it is just a figure. the other is, it is just significant. >> it could be both, right? >> it's both. it means nothing and it means a lot. because it is just a number. it also means between apple and amazon,

u.s. or come from europe but china is there in order to fund those kinds of projects and i think that's the most important thing for for for those countries one of the things that needs to probably like make everyone worried and the world bank and i.m.f. also have signaled that is it i mean are those countries solvable or will they be able to to bay those kinds of that's what happens if they don't pay those debts and i think the chinese are smart in lincoln some of those that too like commodities and also having access to different kinds of resources within the within the continent but i mean it's something that i mean we need to wait and see how much of an economic and political dependence will a lot of the countries that have not solvable in terms of that that will be to china rather than try their countries them into western countries like they have historically been ok i think on can countries afford to wait and see what sort of debt they're going to be in to china or is it already too late well i think in some cases it's too late and in some cases the dominoes are falling in zambia you

or for my. this week the u.s. and china imposed fresh tariffs on each other's goods it's the latest round in a bitter trade dispute the irony of the conflict is highlighted by scenes like these workers in a chinese factory making banners and flags for donald trump's twenty twenty reelection campaign. the dispute between the world's leading economies has escalated to. magically since this meeting between the american president and his chinese counterpart xi jinping almost a year ago what's happened since and what has it meant for the two countries last year the u.s. imported more than five hundred billion dollars worth of goods from china in june of this year trump slapped tariffs on fifty billion dollars worth of them this week duties came into effect on another two hundred billion dollars worth. on the other side china's imports from the u.s. last year totaled one hundred twenty nine billion dollars china responded to the u.s. terror of spy also imposing duties on fifty billion dollars worth of u.s. goods this summer and n

with sometimes the china's ignoring international rule or somehow the investment, forcing invest investment with some information in china. these kinds of things are shared with not only u.s. but japan, european countries and other asian nations so i hope this trade talk may create some ground for the more common ground for promoting international regular road. that's what i really hope. thank you. >> thank you very much, nabe. you've heard some very interesting insights regarding japan but it seems to me in that our topic is japan, america's neglected ally, the heart of the matter and certainly the part where i'd be the most able to speak "washington post" the american side of that situation and then the general nature of the problem we're confronting today in u.s./japan relations and in northeast asia. i think it's important to start with that because we often lose sight of the forest we're in by looking in so much detail at the trees the world that was made in 1952, well, the peace conference, september of 1951, the u.s. and japan were alone in the pacific. china was under an embargo. korea was in the midst of a war. southeast asia was colonized. they were alone and th