so certainly he can reapply but definitely it's already too late to go to new york and while the u.s. side talks about some technical problems mr kasich calls it a provocation. this is an absolutely unprecedented situation the united states of america does not have any right to determine to decide who. to participate and who is not to participate in the. united nations. will be responded to by the russians no doubt about it you can see he's very angry although it's not clear what measure is what mirror measures concent and exactly talking about but the reason reactions from russian foreign ministry and it's worth a mention again that he was not the only one to to put in this unpleasant situation but there were several other members of the russian delegation to the u.n. general assembly who failed to get american rezone time and they are not going to participate so there will be no discussions they were planning to participate in so that's a big situation and we now hear that the u.s. deputy ambassador has been summoned to the foreign ministry here in moscow over this situation and maybe we

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 finance minister said the european central bank's latest monetary easing created an op

progress before they move to a principles level meeting and that could happen in october, but the u.s. sidee are we this will be the first face to face meeting the two sides had since the president raised the tariffs on september 1st and committed to racing even more in december we'll see whether they can undo this knot of tariffs and trade. >> we got to wait for the meeting before the big meeting that's effectively what we're waiting for. >> right the chinese side talked about one meeting, the u.s. side talking about a series of meetings escalating up the hierarchy assuming things go well we don't know what the sort of threshold is for the u.s. to commit to that higher level meeting. what do they mean by meaningful progress, we don't know yet. >> whatever it is, the meeting before the meeting before meeting, the markets like it, dow futures up 200 points now. eamon javers, thank you very much. >> you bet >> for more on the u.s./china trade tensions, we're joined by steven myro, former senior official of the u.s. treasury department and the u.s. import/export bank he's out with a new editor

have to split some goodwill 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 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's 1000 kilometers of coastline provides it with an essential resource and it's not just shellfis

have to split some goodwill 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 more 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 ravished local suppliers. to football now how many passes of one player were successful how much distance as a team cover in the 1st half but information was so far only accessible for t.v. viewers at home fans. will be the 1st to test the new stadium experience the bonus the rollout. for the football fan the smart phone has become a crucial part of the modern game who knows maybe you'll get a selfie wit

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're willing to buy more products that are needed by the chinese market we hope both sides can take more 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 africa's swine fever that has ravaged local suppliers. first by confirmation of the next round of trade talks with the u.s. chinese stocks the biggest losses in 7 weeks. for effects of pessimism about the long run in trade conflict reaching a positive outcome any time soon meanwhile the ongoing political unrest in hong kong continues to weigh on the markets there says did 2 percent this week and more protests are planned for the week

the u.s. side said there would be talks at the deputy level in septemnd then they would move up to the ministeriif level hey made good progress in those early round of talks, so no guarantee here of really high-level talks in october coming fm the u.s. side, bill. >> so, who else is the president talking to and hearing from on this? >> reporter: well, we had an , interesting visitor to the white house today, gm ceo mary barra was here. the white house not reading out what was in that conversation between the two leaders, but presumly, president trump a mary barra talked a little bit about china and trade, given that gm has such a big presence in china and a global supply chain. the president having the opportunity today now to hear from of america's biggest ceos. >> eamon javers at tte w house forte us. thanks. >> reporter: you bet. >> as we mentioned, the trade news lifard thet today, but can you trust the rally? we're joined right now by larry adam, chief investment officer at raymond james. larr

so it seems like the u.s., if you read this, the u.s. side, mnuchin, lighthizer, a little bit more cautious here than liu he he's been leading the negotiations on the chinese side the u.s. side looks more reticent to commit to anything here. >> explain this, the motivation for being more cautious on the u.s. side? what is that about or to the extend you believe the chinese are being more aggressive. >> that's where you're into reading the tea leaves and beyond reading the tea leaves and speculation, we don't know why the difference is. but i think it is striking you get chinese side saying october and the u.s. side not committing to october i pushed an official on that last night right after this news broke, and the official not going beyond at all what was in the four corners of the statement issued by -- >> i can tell you that the president thinks that china wants a deal very badly he'll tell you that. and in this respect, i think they're kind of like saying, all right, but remember april, and you had all these things you're going to did an

often you find an overrating or for china is able to do on the western side and especially on the u.s. side on that front and sort of people now look who shouldn't over look the issue on the chinese to do something or competition that there is an attempt very concerted attempt to steal secrets from foreign companies to obtain them for free that there is a link between an increasingly or 3 tarion chinese to do ship and what they have been able to do in terms of getting controlled economy all of that is true but the idea that china is somehow in totally different from what's happening in the rest of the world that's the one object at the same time in your own book you do provide a signal basis for a sort of philosophical clash you you mention several concepts that essential to the chinese press option of the world and one of them is the concept of justice particularly as it relates to china's own place in the world this feeling that china's loss of influence in the previous centuries was unjust that china is now trying to regain what rightfully. belongs to it and ultimately that's that's an o

u.s. contention. that the chinese side really degraded his offer. and on the u.s. side you can have this public triumphalism, this chest thumping behavior that is in oris lee taking to the chinese. because the chinese -- enormously irritating to the chinese. because the chinese cannot enter into an agreement publicly where the impression is that they have lost or make concessions that is not tenable for any chinese leaders with a negotiate and partner. it has to be a structure or atmosphere that allows the u.s. side to say we wanted out of it. and allows the chinese side to say we got what we wanted as well. these were not concessions. these were things were going to anyway. some of the president's tweets unfortunately painted the chinese into a corner and pushed them to walk away or pause and pullback. the weekends tariffs notwithstanding, the talks are settled for later this month. what should realistic expectations be? what is success look like? mechanism,e pricing if you well. the u.s. side is trying to determine what it can relatively get from the chinese. ther

and taliban representatives has ended in doha without a substantial agreement but the u.s. side say they are caught at the threshold of an agreement that could see the u.s. pullout from the country the final details are still unclear but what is clear is that the taliban on hanging around waiting for the day over the weekend they attack the cities of condos and. in the north of the country can do as has already been attacked twice before in the last 4 years so what is the taliban game plan the double correspondent. for that the taliban spokesman so henshaw again in doha. with the. insurer. this friday we are the division who knew who the who the we and we are still. in the room i just consider the youths zaki used to. be really the sort of the finest so that's the main it's a good size vessel question. too. is there when there's a home for the disabled i think libby will. understand the importance. well joining us for more is due to a correspondence under appeared as man has been following the many rounds of talks in doha under welcome now the while the americans were talking to

and taliban representatives has ended in doha without a substantial agreement but the u.s. side say they are caught at the threshold of an agreement that could see the u.s. pullout from the country the final details are still unclear but what is clear is that the taliban on how to get out waiting for the day over the weekend they attack the cities of condos and. in the north of the country a can do is has already been attacked twice before in the last 4 years so what is the taliban game plan deborah correspondence muscle. but that the taliban spokesman so hampshire again in doha. we have been here. in. this well you heard in the division who knew he didn't read. the wrong i just consider the youths zaki used to not follow him and be present in the sense that so that's the mean it's a good sign incidental question are you going to. assume. anything to get a little. of this in the intensive. well joining us for more correspondence and operators man has been following the many rounds of talks in doha under welcome now the by the americans we're talking to the valid one in the how y

we saw the u.s. side putting 15% tariffs on $110 billion of chinese imports including shoes and textiles and technology components like the apple watch as well. the next round of tariffs for the u.s. side will be on december 15, targeting $160 billion worth of chinese imports and you have got all of china's imports into the u.s. market hit by tariffs. china put tariffs on things like soybeans, beef, chicken and they will impose them on december 15, u.s. autos as well. about $75 billion worth of u.s. imports in total in terms of september 1 and december 15. business groups say the time for a tariff truce is here. people are looking at negotiations. trump says may still happen later in september in d.c. >> the u.s. and china struggling to agree on a schedule for plant -- planned trade talks. they delay the latest tariffs. >> they are having trouble getting to the table quite frankly. furthermore, there has not been moments to set the contours of the decision, what would be on the table, what might not. it's

the next round of tariffs for the u.s. sidel be on december 15, targeting $160 billion worth of chinese imports and you have got all of china's imports into the u.s. market hit by terrorists. like put tariffs on things soybeans, beef, chicken and they 15, impose them on december u.s. autos as well. $65 billion worth of u.s. imports in total in terms of september 1 and december 15. people are looking at negotiations trump says may still happen later in september in d.c. the u.s. and china struggling to agree on a schedule for plant trade talks. tradepact -- planned talks. they delay the latest tariffs. >> they are having trouble getting to the table quite frankly. furthermore there has not been moments to set the contours of the decision, what would be on the table, what might not. not a break, but it is a pause, and ithave more contours turns out the difficulty is we are not sure what we will talk about. we are not sure when we will talk about it. bonnie: -- zillow 51.4 -- this is in keeping with ism and pmi across the globe. t

on the u.s. side, that would be delaying or rolling back tariffs, and in return, commitments from beijing on ip -- on intellectual property and agricultural purchases. to discuss, is sarah mcgregor, covering all things trade war for us. the markets on thursday seem to like the idea of a limited trade deal. what does it involve? >> this would mark one of the biggest breakthroughs in the impasse since may when the two sides had a deal in the u.s. accused china that reneging on those agreements. the u.s. would stop the escalation or rollback tariffs if china agrees to some fundamental reforms on ip, propertyellectual and buying more u.s. farming goods. this could meet china's needs, because their number one demand is the u.s. rollback these tariffs, stop the escalation, and get rid of the tariffs. from the u.s. side, it would get some of those things it has been asking for, ip theft and narrowing that trade deficit. this is a big if. we have mid-level talks next week, and that could pave the way for seni

likewise, on the u.s. sidementators holding up but there are also signs of fragility there. washington is asking the question of whether or not economic weakness pushes both sides back to the negotiating table, and if that results in a longer truce. not necessarily a long-lasting trade deal but something of a truce. something i think a lot of focus is on his on whether or not talks will happen in september and keep an eye on economic indicators until then. francine: thank you, enda curran . is danaes now chiefopoulou, omfif ltd's economist. when you look at the trade uncertainties, is this directed at dollar strength or is it direct the yen strength, what is repercussion for currencies? strength,ink the yen the swiss franc strength, and i think because it puts pressure on the central banks to be even more accommodating over time, it probably plays into commodity market strength. it plays intolly dollar strength over the renminbi, but that raises a whole host of issues about how the u.s. tackles that particular

that was really a problem from the u.s. side.tegically, the chinese at certain points allow the renminbi, allow market forces to ticket lower. i don't think they are devaluing it themselves, but they will not stand in way of those working forces. occasionally and strategically, they will let it go. ,he pressure comes on them from for example, a fresh round of tariffs coming. i think the currencies are playing a role in the trade war at the moment. is going tosuisse charge on declines for big balances. we are seeing negative rates being passed on to customers by big swiss banks. today, the s&p did nothing -- the snb did nothing. nothing.didn't do it protected banks a bit more in terms of negative rates. can i assume from that that the snb has reached the limit in its ability to cut rates, despite the fact it is able to protect its banks? it is not able to completely protect them, and they are now having to pass on some of these costs to customers. chris: i tend to agree with you in that the banking sector was screaming over the im

deterioration in currency and prices only about four and a half% absorbed on the u.s. side>> the deterioration very much affects who pays it. >> let me get onto another issue. one of the measures you raised, with the tech company walkway, which u.s. has been very anxious to walk. recently a waiver was granted u.s. company so they could continue to do business pending the part of consideration. is that waiver, is it still in place? would be renewed? >> it is in place and we keep evaluating back. within the last couple days, there was bipartisan legislation introduced in u.s. congress calling for a million dollars to the world telephone companies so they could replace the equipment. i was one of the main beneficiaries of our licenses. licenses don't permit new products. they permit continuation of existing businesses. as actual data comes in, we will evaluate it. >> but it doesn't look likely they will be able to? >> unlikely, i think they will make absolutely make make the decision. >> trade work with china, the u.s. economy still seems to be performing pretty well. our othe

u.s. and china moving markets higher in .5%, also the msci asia-pacific, the goodwill gestures from both sidesom the u.s., a two week delay in the imposition of tariffs, a change in the mood ahead of that. we also understand in bloomberg that the chinese are considering going easier on u.s. imports of agricultural products, and that all of that seems to be behind what we are seeing in the latest news flow around trade. let's talk about the ecb. central banks around the globe refrain from sounding dovish. the ecb is expected to cut rates further below zero today, but the rise in doubters over mario draghi's radical measures have caused markets to eschew extreme easing. here is more with bloomrg's berger. >> this is likely to chip away from the likelihood that we get a stimulus package. policy makers are presenting half the euro area economy have expressed some opposition, that is in the dark think, in one of the telltale signs in the skepticism of france. the bank of france governor signaled that it cut in guidance might be enough. but really, it is not just europe we are talking about. the vis

u.s. on the other side he can't cross a scar marks the place where he says. loan shark in panama stole his kidney that's why he fled i don't want to. really not if i come here because i want to save about 45000 asylum seekers are currently waiting in mexico for their turn to see an american immigration judge these border cams in mexico are the result of the trumpet ministrations policy to deal with the backlog of 330000 asylum cases awaiting hearings by proof. of this i want to when finally mother young turn comes up to present himself in the u.s. court it won't be in a court at all the trump administration began hosting video conference court sessions in the white tents just on the u.s. side of the border and immigration judge calls in from hundreds of kilometers away and the asylum seeker is quickly back here to mexico once the hearing is completed and unlike the traditional court sessions that is open to the public these are done in secrecy migrant advocates say the lack of transparency is a problem but they're still more worried about the likely outcome o

on more than $100000000000.00 worth of goods chinese goods and the chinese are the same with the u.s. side on $75000000000.00 worth of goods and what will be different this time that is the question i mean there's no celebrations of from this announcement because there are still some major hurdles that these both sides need to contend with the u.s. wants china to really even the playing or playing ground for foreign investors to do more to do protect things like intellectual property while china wants the u.s. to remove all the new tires that its import since the beginning of the trade war whether with these both sides will see eye to eye it's still yet to be seen what they do have in common is that these both sides really want to come home looking strong they don't want to come armed with they don't want to come here making concessions from these next negotiations but the difference is from the chinese point of view at least is that china feels that it has a higher what it calls a pain threshold a higher pain threshold for its economy they believe because they don't have to contend with d

he was the first to straight to the u.s. side. -- two stray to the u.s. side. stray to the u.s. gn of a rouhani meeting. he says the iranians are not willing to talk. he is committed to his maximum pressure campaign. i don't think we can expect that to end. we have two sides who believe the other needs to bring first. paul: we did have one of the surprising moves from president trump today. he made an appearance at the climate summit. what caused the change of heart? >> we don't know. he stopped in for 14 minutes or so. climate has been a touchy subject for him. he avoids talking about it regularly. he was asked, why did you show up, and this is a moment where of course greta thunberg gave a moving speech and is getting a lot of headlines. trump said, i'm a just it in clean air and water. he says all countries should be interested in it. that is why he went. he did not speak at the moment -- the summit. he stayed for speeches by modi and merkel. then he went to the freedom summit he was hosting. the same building. you can see where the priorities lie. kathleen: our white house re

u.s. on the other side he can't cross a scar marks the place where he says a loan shark in panama stole his kidney that's why he fled i don't want to go really an area i come here because i want to save my life about 45000 asylum seekers are currently waiting in mexico for their turn to see an american immigration judge these border camps in mexico are the result of the trouble ministrations policy to deal with the backlog of 330000 asylum cases awaiting hearings through a pair of. disappointed when finally mother youngster turn comes up to present himself in the u.s. court. it won't be in a court at all the trump administration began hosting video conference sports sessions in the white tents just on the u.s. side of the border and immigration judge calls in from hundreds of kilometers away and the asylum seeker is quickly back here to mexico once the hearing is completed and unlike the traditional court session that is open to the public these are done in secrecy migrant advocates say the lack of transparency is a problem but they're still more worried about the likely outcome of the hear

maybe there is some inflation building up at least on the u.s. side, which could get interesting for the fed's decisions. people think the fed will be cutting 25 basis points at every meeting in some ways, and i think there'll be a lot of back. you have a really low unemployment rate and now you are seeing inflation meet their mandate. then?t do you do i think fed the will have to grapple with that. amanda: thank you for both of your thoughts on this, denise simon, and brian chappatta. coming up next, broad, set to report earnings after the bell today. the question is how the company is moving to software and helping it escaped the broader chip market malaise. this is bloomberg. ♪ shery: this is "bloomberg markets." i'm shery ahn in new york. amanda: i'm amanda lang in toronto. broadcom will report its third-quarter numbers after the bell, analysts are expected the chipmaker to maintain a somewhat cautious tone, thanks to global markets and end the market demand uncertainty. joins us now from san francisco. we are talking about china, chinese tariffs,

not not to fight about what's going on and the only learned about that very last moment and the u.s. side says talks about some technical problems but constant calls it a provocation this is absolutely unprecedented situation the little states of america does not have to determine to decide who. to participate and who is not to participate. the united nations. will be responded to by the russians no doubt about it you can see is very angry it's not exactly clear what marriage is a constant was talking about what we heard from russian president. spokesperson also that there will be response from the crowd when there is a furious reaction from the russian foreign ministry as well we know that the us deputy ambassador has been summoned to the foreign ministry here in moscow over some pleasant situation maybe we can expect some clarification later on and we heard from the foreign ministry spokesperson. i mean she described it as an example of huge disrespect from the americans let's take a listen documents that we handed over for pro sassoon earlier a couple of months before departure were re

on china's side, it is importing essentials from the u.s.ou see a rise in pork prices and food prices in china. it cannot mitigate by importing more eared in to offset this, it has to deal with the rising food price in china. on the u.s. side, it is about the consumption goods. there is more elasticity of demand. both of these things are hitting china when it is going through a deleveraging of the credit cycle. the private sector is still holding back on its risk appetite. a sharp decline of credit and that is foreshadowing the weakening of investment in china. haslinda: when do you see china implementing measures to head back at the u.s.? at -- we have tit-for-tat in 2018. that, it is running out of things to pose tariffs -- impose tariffs on. left -- there are three different ones. it comes at a huge cost. the second one is they can work on the investment site. exports arese foreign invested and because investment is slowing, it is refraining from doing this. the third one, u.s. treasury, which has been reduced but a lot of people are incr

side let's take a listen. it's an outrageous example of disrespect by the u.s. to u.n. members as well as an example of a failure to fulfill obligation as the host country of the world are going use ation documents that we handed over for processing earlier a couple of months before departure were returned to us with the wording they have been handed in early. well good thing is that we hear that. russia's foreign minister who is leading the russians allegation that the un general assembly is going to address this issue at his meeting with. his secretary of state maybe there will be some explanations. they're hoping some headlines in the recent past as well delegations in new york of the u.n. not being able to attend meetings etc just difficulties are there any other cases though when when foreign delegations have problems entering the u.s. oh yeah of course you have those thoughts for the 1st time and even during the 74th session we heard from tester and the several members of the rat in delegation were north american. this is a quotation so we know that the iranian le

if we couldn't convein congress to change the law that is allow us to main the integrity on the u.s. sidee need to work with regional partnering more effectively. needing to develop operational and strategic partnerships in the region based on a sense of shared responsibility for the migrant crisis. principally that meant partnering with the government of mexico to increase security of their border and prevent transnational criminal oranges from preying on migrants transiting north and reduce the flow. second, it has meant building relationships and capacity with law enforcement immigration within and diplomatic authorities in the main source countries to are migrants to the pore. guatemala, honduras and el salvador to address the root causes of migration from security, economic and governance perspectives. in terms of the reduction if flow through interdig shun and disruption the single biggest factor has been the effort efforts of mexico. this is including the dplimt of nearly 25,000 troops under the new mexican national guard. focused on increased presence along the guatemala border, s