Entire u. S. Workforce taking an unplanned 2 month vacation now in an effort to support the economy china added more stimulus via rate cuts major lenders reduced the one year loan prime rate by 10 bits to 4. 05 percent in an effort to ease Lending Conditions as n. P. A. Now warns that banks face a surge of up to 1. 00 trillion dollars in bad loans but chinas banking regulator and nouns that it will allow the countrys lenders to raise the tolerance for bad debts during the outbreak bad loans created during the crisis should not be counted as nonperforming loans as factories were prevented from reopening and workers were quarantined at home. Now apple i phone maker foxconn is cautiously restarting production at its main plant in china and warned on revenue guidance plans and vietnam india and mexico will continue operating at full capacity with expansion plans underway as it seeks to minimize the impact of the virus and now to give us the latest on the macro impact. Todd horowitz chief s
Most people think just stand out in this business you need to be the 1st one on top of the story or the person with the loudest voice of the biggest raid in truth to stand out of the News Business you just need as the right questions and the right answers. Question. This is the one business show you cant afford them and im christiane and im burning more in washington coming to toronto barack has taken a toll on china but how is the nation responding to the threat going to break it down. Huawei is back in the hot seat of the u. S. As the motive a major critic of Telecom Giant which topping i would visit in the country we look at the big picture. The full run in the credit markets a coin has taken a nosedive but whats the reason behind the slump well dig into the did what it means by the 2nd Going Forward. Today the less so and dive right in. U. S. And european markets slipped today as the number of coronavirus cases outside of china increased especially in south korea and japan research
Top stories from europe including more Police Outside germanys knocks as the government pledges to act on the far right threat after this weeks deadly attack. And then peace terms with your sport the u. S. Womens Football Team demand 66000000. 00 in damages in the discrimination case plus legal messy hits back at the boss alone a boss who blamed the players for problems at the club. Lets get going we begin with afghanistan where an agreement thats supposed to usher in peace is due to take effect in about 90 minutes the taliban and the u. S. Will begin what theyre calling a reduction of violence for midnight if the 7 day deal does prove to be a success both sides will sign an accord at the end of the month paving the way for talks. Within the taliban and other afghan groups and the u. S. As it wants to pull its troops out of afghanistan live now to washington and our correspondent following the story from the Roslyn George so if it goes according to plan how do we think we will go throu
Have we reached a bottom or is this still more room to fall for oil prices its possible that theres more room to fall if opec and plus russia doesnt actually end up coming through with those supply cuts if they dont then you could see will fall further and therefore will fall through the 50. 00 to 55. 00 area i think in the near term youre going to see a lot of traders get on shorts and take that lower but i think that will be short lived i think ultimately the risk is really more to the upside than the downside and so there are actually traders out there you know ranting supertankers and will facility space in south korea to the to the millions of barrels of oil that theyre storing on that oil will eventually rise and i believe that theyre right now sean are we still looking at a chance that chinese Oil Storage Capacity could actually run out and oil prices overshoot even more to the downside. Its possible they dont really publish their numbers officially but from what i gather theres
Election in favor of donald trump. 18 years of war in afghanistan could end in a little more than a week a deal that calls for a 7 day reduction of violence takes effect in half an hours time and after that the taliban says it will sign a peace deal with america the u. S. Involvement in afghanistan began in 20011 month after the 911. 00 attacks washington launched air strikes and a Ground Invasion to remove the taliban from power well than 12000 american soldiers are still in afghanistan thousands more from nato allies and partners countries are also there some 2400 american troops have been killed since the operation began and the u. S. Is estimated to have spent more than one trillion dollars during its mission. Jordan joins us live from washington d. C. As a resident a lot resting on this reduction of violence do we know what it what will be judged to be enough of the induction lauren we dont know what is the standard for nuff of a reduction in violence and that is the rub because t