At that point thing starts to tail off. At least in my eye, the front end is attributed to the deregulation, the dramatic change of regulatory policy, the tax cuts and jobs act passed in 2017, but the tail off is due to him picking a trade war with china, a real slow down in the global economy, the china u. S. World trading system, and the question is whether people will theyize him for that or do support his trade policies . That is one record of interrupted of uninterrupted success. Ofid before we get to some the struggles, lets talk about successes. Deregulation. Is it almost undeniable there was success in deregulation, and can we put numbers on that . Douglas it is hard to put numbers on that. To give you a sense of the magnitude, major regulation in the United States costs more than 100 million for the private sector to comply with. The Obama Administration finalized a major regulation at an average rate of 1. 1 birthday every day for eight years. Some reported costs for complian
It is a real honor for us to welcome scott morrison, the Prime Minister of our great ally australia. In his two years of Prime Minister he has heard the country through several crises, the wildfires. The covid19 crisis where australia has an impressive record, and Foreign Policy the Prime Minister led a research and of australias insolent in the south pacific. Australia was the first government to exclude huawei from its 5g network. Australia is currently undergoing, as are many other countries in the world, a challenge in china. States, indiad and japan, and others. Prime minister, i have the Great Fortune to spend three weeks and australia. I had worked for the government in the past and was very impressed by the depths of everything we are doing together. You will be interviewed by margaret brennan. She is moderator of the pbs show face the nation. She is the correspondent for our Great Network pbs. Minister, welcome and we look forward to a good conversation. P. M. Morrison thank y
National security and tiktok says it is pure politics. And the official nomination of President Trump at the republican convention. He says his opponents want to steal the election. Haidi we have again u. S. ,arkets with fresh record highs a little relief given expectations of the fasttrack process when it comes to vaccines and therapeutics as well. The s p 500 notching another alltime high, there is optimism the virus will not hamper growth. We are seeing a muted session on it comes to the futures sessions, flat at the moment. Little negative when it comes to the start of trading in asia. The nikkei to do five trading in chicago seeing downside about 1 10 of 1 . Dollaryen holding. The biggest declines in the g10 space was the kiwi and looney. We are also watching the price of crude as we have twin storms approaching. 80 of refinery output in the gulf of mexico has been halted, potentially seeing some impact when it comes to crude prices, which did rise, gasoline hitting the five month
On track, we will see what happens in the next 59 minutes. Global air travel is down 85 from a year ago. One airline is looking to build confidence among travelers. Delta is teaming up with cvs to rapid test its employees with results available in 15 minutes. With rapid covid testing on the rise, we will talk to the ceo of a dyiiagnostics company which applies a newly approved test. How these rapid tests are a tool in the fight against covid19. Warnings over sales pressure once the stimulus checks end, really kind of a surprise how the stocks have performed. What could this mean for the sector as consumers prepare for not just back to school but for the Holiday Season . Yeah. We got to talk about it. We will get the inside scoop from one of our allstar retail experts during the hour. Plus, new drama for apple. This time with new york citys metro transit authority. And charlie breaks it on the newest entry to the tiktok race. Less than an hour to the closing bell. Im Cheryl Casone in fo
A lets do business american great microsoft could save the day for ticktock fads its in talks with the chinese owners of the app to buy the service in the u. S. Canada australia and new zealand the deal could stave off a president ial bad by ensuring user data stays in the u. S. Office life today would be unthinkable without microsoft word and x. L. But so far the worlds leading Software Producer hasnt ventured significantly into social media that however could be about to change. U. S. President donald trump wants to back chinese and platform ticktock in the u. S. He feels data from u. S. Citizens could end up in the hands of beijing communist party this could be microsofts. Is an internationally successful video platform 2 8 3 2 2 4 8 9 2 4 ringback. It allows users to upload short clips of themselves and watch clips of others available worldwide its owned by Chinese Company bite stumps thats a problem for the u. S. Government trump wants to curb their aging influence in the United S