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
Now spread to northern italy. This as travel freezes up and global case numbers approach the 77,000 mark. Coming up, weve got right here on the claman countdown the Luxury Travel company on the front line, high end destination site embark beyond is here on which countries they are now redirecting travelers to so that 100 gut punch to its China Business doesnt spell a tko to its bottom line. China has other problems than just the coronavirus. The white house has just hurled a new jab at top Telecom Giant and 5g powerhouse huawei. Huawei chief Security Officer andy purdy used to work at Homeland Security. Hes now with huawei. He is here and ready to push back against the administrations latest snub. And from the white house to sin city, the president trolling his democratic rivals in las vegas on the eve of the nevada caucuses. We are live on the ground as the oval office incumbent looks to trump any blue wave from trying to break out in this key purple state. Plus, we have brand new bre
Critical infrastructure. Is our ability. To get with. 0000. Now despite the u. K. s decision the Trump Administration is now moving on to warning germany u. S. Ambassador to germany Richard Grinnell said President Trump personally called him to make clear that any nations who chooses to use an untrustworthy 5 g. Vendor will jeopardize u. S. Intel sharing at the highest level of the move also comes just one week after u. S. Officials accuse wall way of spying for the Chinese Government using backdoor is designed for use by Law Enforcement although no evidence was provided on the access of the alleged backdoor u. S. Officials said they have been aware of it for over a decade u. S. Leadership is still issuing warnings saying choosing wall way is choosing a talker see over democracy. This is very dangerous this is that choosing to see over the sea when these nation. Is. Putting the state police and every consumer in these countries because of the chinese way. While he has repeatedly denied
Technology for military or National Security products although no decision has yet been made a Comment Department spokesman said quote recent u. S. Charges against huawei including conspiring to steal trade secrets we have from the need for caution in considering license applications the u. S. Continues to have Major Concerns about way this comes as america heightens its Global Campaign for its allies to ban wall was equipment into their next generation of 5 g. Networks but just weeks ago in a blow to the United States u. K. Dismissed terms claims and they said that it would allow always 5 g. Into the country at least into its nonsensitive parts. We for us at least have the system of the. People of this country the consumer. They will. Try to do whatever. Critical infrastructure. In. Our ability to Work Together with other. Cars right. Now despite the u. K. s decision to Trump Administration is now moving on to warning germany u. S. Ambassador to germany Richard Grinnell said President