that poll joining me to break it all down richard wolffe professor of economics at the university of massachusetts amherst and also the author of democracy at work a cure for capitalism richard welcome thank you very much glad to be here so let's begin here theresa may is going to ask for this delay until june thirtieth but it looks like the e.u. leaders may instead of for a year delay the concern is that again if these parliamentary elections were held then the breaks it takes place and then u.k. representatives might be seen some are saying as a trojan horse of sorts is that correct yes or the european union does not want to give britain a say in a unity of europe that they have refused to be part of and that unity requires open borders to let continental europeans come to england for jobs and other things it deals with again the same issues that prompted brags that the catastrophe here is that the wobbling of the british is threatening together with other things the whole project of a unified europe and that's what's in the balance as they negotiate back and forth so when theresa may goes in and sugges

housel will we now bring in richard wolfe professor of economics of america at the university of massachusetts amherst and the author of democracy at work professor great to have you thank you good to be here so let's start with china u.s. trade deficit felt an eight month low in february as imports from china plunged the twenty point two percent drop in imports from china was the main driver in the three point four improvement in the u.s. trade deficit and then exports in the u.s. may be on track to add to the first quarter g.d.p. the trends that ministrations now pointing to this as evidence that the president's america first agenda is starting to bear fruit is this temporary or how do you see this being played out. we don't know yet for the trumpet ministration to make such a claim in the case that they like to play with the numbers it's not serious economics the truth of the matter is that these trade wars have been damaging to the chinese and they have been damaging to the united states both the testimony however of the chinese economic growth coming in at six point four percent which is between

be the dust of this trade war is richard wolfe professor of economics emira at the university of massachusetts amherst richard thank you so much for joining us. glad to be here kristie such a negotiations between u.s. and china are due to restart today in washington and negotiators from the two of the world's largest economies are aiming to resolve the dispute over technology among other issues both sides claim that they're making good progress towards a deal but how close are they remain unclear the markets are already reacting positively and pricing in a resolution but is this premature. i think so i think being jerked around by this whole process and ultimately that's being jerked around by mr trump since he started the whole business with tariffs this is a kind of a play to see a there it has much more to do with politics than with economics whatever their agreement is it won't change much so it's the uncertainty that's the biggest factor here and keeping the uncertainty going keeps the attention on mr trump and the theater he's playing of being mr tough guy and forcing the chinese to come to the

housel will we now bring in richard wolfe professor of economics of america at the university of massachusetts amherst and the author of democracy at work professor great to have you thank you good to be so let's start with china u.s. trade deficit felt an eight month low in february as imports from china plunged the twenty point two percent drop in employees from china was the main driver in the three point four improvement in the u.s. trade deficit and then exports in the u. .

at the university of massachusetts amherst and the author of democracy at work a cure for capitalism. welcome. thank you glad to be here so relatively speaking the total amount of chinese investments in egypt is still small compared to that of the u.s. and canada is this concern valid. no i think this is a normal part of economic growth it shouldn't alarm anybody unless you're alarmed by the process of change which may be what's going on china is now the second most important economy in the world it's a world economy closer integrated across the world than ever before it's therefore inevitable it's built in that the chinese will develop interests for exporting their goods for importing their necessary inputs and they're going to want to make investments around the world that are consistent with what they're trying to do inside their own country since they've developed country based on its interactions buying and selling and so on with the rest of the world they would have increased as quickly in the united states in canada as they did in europe but the united states with kind of the a

for the power across the globe richard was professor of economics of meredith of the university of massachusetts amherst lived with a hand of sorts of the turmoil and how the trade war is spilling over with dire consequences plus big coin is booming right now in fact today another very big. day but as it continues to rise china has the crypto in his crosshairs favor letterman of simpler trading joins us to delve into the details for the cryptocurrency all of that directly ahead but first some headlines and we begin right here with a five billion dollars plan to get state banks back in the black the finance minister of turkey and bills the government's plan to help move defaulted debt off of their books the finance minister who is the son in law of president order one announce the sale of four point nine billion dollars worth of bonds to finance retirement of non-performing loans from the portfolios of turkey's state banks and to increase systemic liquidity the finance minister warned of more reading ahead estimating that the percentage of non-performing loans in the state banks now at four point two per

. >> reporter: she is a freshman at university of massachusetts amherst. >> this is the longest i haveence. that gives me hope that treatment actually worked. >>> coming up first on "cbs this morning," a history tells us about his book, "american moon shot." we talk with issa ray about her movie "little." that's the news for this tuesday. i'm anne-marie green. have a great day. reat day. >>> now at 4:30 am, taking a live look outside at the beautiful bay bridge. sparkling right there. you may want to grab an umbrella before you head out the door this morning. we are tracking scattered showers. good morning it is tuesday, april 2. i'm michelle griego. >> i'm kenny choi good morning. sunshine for today -- >> we are looking at unsettled weather once again for your tuesday. the doppler is lit up this morning with scattered activities. it is wet spots this morning. if you live in the tri-valley you are getting that light rain right now from dublin, 580 to pleasanton, livermore and union city. down through the south bay from wayne, san jose light rain and even moderate to heavy rainfall from

trade war reached its third act richard will professor of economics and america as the university of massachusetts amherst is standing by to sift through what it means for shipping and us market. plus there are some major mix ups in the markets today and we are back around to check in on where looks like the stock has slammed on the brake at a mesh of the adam mesh trading group gets behind the wheel and drives us through the numbers. and finally drags it is bearing down on british business and business leaders are sounding the alarm hillary for which of the british american business association joins us to break it all down all of that directly ahead but first some headlines. the latest round of u.s. trying to trade talks leads are global report today as negotiators sit down here in washington.

. >> reporter: naser is now a freshman at university of massachusetts amherst. >> this is the longestt it's been, ever, without a reoccurrence. so, you know, that gives me hope that treatment actually worked. >> reporter: dr. jon lapook, cbs news, new york. >> glor: coming up here tonight, some new reports about mick jagger's health. about mick jagger's health. i'm a fighter. always have been. when i found out i had age-related macular degeneration, amd, i wanted to fight back. my doctor and i came up with a plan. it includes preservision. only preservision areds 2 has the exact nutrient formula recommended by the national eye institute to help reduce the risk of progression of moderate to advanced amd. that's why i fight. because it's my vision. preservision. try areds 2 + multivitamin. i needthat's whenvice foi remembered that my ex-ex- ex-boyfriend actually went to law school, so i called him. he didn't call me back! if your ex-ex- ex-boyfriend isn't a lawyer, call legalzoom and we'll connect you with an attorney. legalzoom. where life meets legal. the matters.ar... introducing the

for the university of massachusetts amherst rocket team, we met the day before nasa's rocket fair.nge to get to this point after team leader 1 million bruno says the catastrophic rocket crash in february put the team in a frenzy days before the qualifying deadline. >> the rocket crashed into the ground at around 520 miles per hour and was completely destroyed. we actually found all of this parts and built the rocket behind me in 3 days. >> reporter: their passion is pushing them to new heights of dedication. is all a part of nasa's student launch program which coincides with the commemoration of the 50th anniversary of the apollo moon landing. nasa, including new payloads like drones to take off inside student rocket this year. it is a lengthy 8 month process according to nasa manager, katie wallace . >> they have schematics, run computer simulations to verify productions and have to go in the field to test so it is detailed. >> reporter: teams get there rockets and position. >> -- >> reporter: more challenges arise for umass amherst as the team scrambles to fix a payload system th

waters is scheduled to speak on a panel at the university of massachusetts amherst on may 4th about the backlash against pro-palestinian voices. other speakers include palestinian-american activist linda sarsour, who has faced death threats for her outspokenness, and temple university professor marc lamont hill who was recently fired from cnn for speaking up for palestinian rights. the event has sparked protests on campus. a group of umass students fileld a lawsuit claiming they will "suffer irreparable harm" if the event takes place. the massachusetts republican party and the massachusetts jewish republican committee have condemned the event claiming it is anti-semitic. another 80 groups have urged umass to pull its support for the panel. on thursday, the university announced the event will go ahead despite the protests saying it is committed to the principles of free speech and academic freedom. a coast guard lieutenant accused of plotting to kill high-profile liberal figures may soon be released from pretrial detention. on thuhursday a federal judgdgen maryland said he did not find c

he is a student at the university of massachusetts at amherst.e writes about what he calls the baseless never-ending betsy devos hatred. heartless woman who wants to shutdown the special olympics? that is the latest baseless attack on her. the recently released department of education budget would cut 18 million in federal funding for the special olympics. loves their she work and personally donate part of her salary to the cause. also really did was suggest that it's superfluous for federal funding to go to the organization. for this many prominent liberal politicians and pundits decided the secretary had to burn. blastedia ocasio-cortez the cut in funding that has since been reversed as just another part of her "anti-everybody platform." joe kennedy from massachusetts lambasted the position is cruel and outrageous. meanwhile, a cnn reporter badgered her relentlessly as she waited for an elevator and anderson cooper mocked her on air. this wildly personal overreaction shouldn't surprise anyone. democrats love to hate trump administration officia

one of the men who is advising bernie sanders, gerald freedman, economist at the university of massachusetts in amherstif we push this under his cost, here is what the projected cost for medicare for all and you can see a lot of those other expenses go away, but their projected cost for medicare for almost $2.8 trillion. you can find other manifestations about this. it is in one of the upshot pieces they did. let's hear from tom in fort lauderdale, florida. hello there. caller: good morning. the democrats are up to the usual thing, and that is they are playing on the emotions of the american people to sell a fantasy backed by a high school valedictorian speech. let's go through some fantasy versus reality with the democrat arguments for just about everything. number one, this medicare for all would be something new and it would work. the reality is we have had a medicare for all, it is called the v.a. the v.a. was a catastrophe or people who needed its services. you say, they fixed that by letting them go to doctors. really what happened was the free market capital system, which is the doctors, have be