Both sides have agreed to quote a very large phase deal phase one deal with china adding that 25 percent tariffs on chinese imports would remain in place but that the 15 percent levies on other goods would be cut in half so heres what both sides actually said this morning listen. Theres a very large deal that covers tremendous manufacturing farming a lot of rules regulations a lot of things are covered its a phase one deal but a lot of big things are covered and i say affectionately the farmers are going to have to go out and buy much larger tractors because it means a lot of business a tremendous amount of those are. The agreement would help improve cooperation between china and us in economy and treat effectively manage the differences in economies treating areas she will note Stables Development of the economy and trade really. Great sounds like a lot of words words words but one of the specifics but we do know this that the new round of tariffs totaling 160000000000. 00 that were set to be imposed on sunday on chinese goods will not happen so how is the market responded well pretty positively today with the market up friday but then kind of back down again the markets are confused lets bring back in my coanchor because the eye and boom bust correspondent sara month is they ok kristie ill start with you because heres the thing so much about the Straight Talk right we know about has been about getting this deal done and last week the president made a statement that things one of the deal he said was going to be done until after the 2020 election then the markets crash and so we jump back on that dont at all not true were very very close to a deal and then were sitting there today friday and were looking at the possibility of these new tariffs mean imposed so they get a deal done but no one saying specifically what is in the deal what do we know so right now the markets dont know anything and thats why today all day the markets start off in the negative and right now as a closing market today the markets unchanged the s. And p. Is pretty much flat the dow is completely flat and the reason is the markets dont know how to digest this information its not exactly positive if you dont know what the specifics are its kind of like getting an Earnings Report saying that the company beat but what are the margins like how do they grow did they grow at all like youre not getting any of the meat so you really dont know how to trade this environment and you. Getting a rollback in terrorists but not a complete rollback and theres absolutely no indication that he wont be implement tariffs again so youre getting a deal that has absolutely no enforcement whether on the us side are trying to cite china cannot and force us to never protest on them again not to implement if they dont bring back x. Y. Z. And us has an absolutely no forcible action on china in order to where any of these i p i p trade talks or any yeah so everything theyre saying right President Trump is saying everythings there thats been said by by china sounds like they were talking when they were negotiating the deal its no way you sell when you have a deal done right you should be walking out now and saying all right here it is folks the very very specific terms of agriculture is a big part of this right and we know that as part of this. Administration had said they wanted 50000000000. 00 in additional agricultural buy in from china for 2020 that would have doubled the amount that they were supposed to be getting that they got in 2017 they said they wanted that if you watch other business shows today theyre say you know the deals done but what makes this show different right is were looking for facts there is no evidence so far that i have been able to find that or maybe that you have found that indicates that that actually has happened right so neither side has actually confirmed the u. S. Trade Representatives Office or overlay heiser released a statement in that statement nowhere does it say what that figure it looks like as far as more agriculture 15000000000. 00 thats a huge number like you said 27000. 00 that would be more than double and thats thats not something that we even know could actually be possible i mean china also said they would be buying more agriculture but they did not give a figure so its still very unclear and looking now at the farmers who have been suffering and really hurting since the start of this trade war theyre looking to continue to sell their products a subsidy from President Trump isnt going to change that they want their clients back they want their business theyve been hurting so badly right now they want to continue to be able to sell but again we dont know if its going to. And be possible to do the sale of 50000000000. 00 that supposedly is the United States wants china to buy rights trump needs the agricultural part of this more than in i think he needs the intellectual property more than he needs the rest of the reason for that is he has an election obviously coming up later and you want to make sure that farmers are on your side you can say look i got a great deal for the farmers one of the problems hes been running into is that the farmers have been hurting you have soybean farmers in this country who cant sell their products and who have crops that are literally rotting the president s response to that has been tariffs and then he says out of those tariffs on one. Part of the problem with this president is that he is the way he views money all right and for right or for wrong he views money in a way that says i need to just cut a check to people because in business thats what you have harmed do i make you whole with the check but that doesnt necessarily work in the agricultural case were not at all because theyre losing long term clients theyre losing supply chains that have been built in the past decade that have now been separate theyre losing relationship ties because just cutting a check that pulls you over for the next season what about the next season youre still not going to rely on that check forever you need to make sure you have those clients and right now those cars are going elsewhere to source the soybeans and im going to ration right now. I mean is generation to go to pass this thing down and i want to bring it back a little bit to the actual i have something to show you where we kind of put up what the u. S. Concession looks like and what theyre trying to concession looks like this is like you said where youre going to get your facts through the United States like youve. Been and weve repeated that 25 percent on 250000000000. 00 worth of chinese imports will remain the september 1st tariffs of 15 percent will be cut in half to 7 point 5 percent and the additional penalties that were separated summerfest this sunday will completely be removed. Tweeted where we got that information but lets look at the chinese side now this includes purchasing of more agricultural strengthening laws protecting Foreign Companies operating in china and to actual property theft and providing more transparency around currency movements but again. No specific details intellectual property theft has been the core one of the core issues at this time from the strength of the from the start was of course china saying that they will they will work on they have some something in the agreement that discusses this we want specifics we want to know what that entails and is the United States really happy with what their side of the agreement is saying can we put that graphic up for just one second because i will leave it actually on this but i want to show you on that graphic on the chinese side if you look at it there is not one specific thing that china has conceded to that we can point to and im just saying on the day when you say the deal is done weve won we are declaring victory this is wonderful for all of us it would be nice to see at least one specific and we dont have one yet and it looks exactly like what we had already on the table in march so we could have just saved ourselves 9 months of as i know i feel before and i dont know if i mean we have 2 weeks left of this year this probably wont be signed this year and were going into the Election Year like you said mr president needs the farmers so well well see what happens but im sure you 2 will bring us. Closer ones as they look at things so much remains on the on your time. Australians want us airways chose airbus over boeing as a preferred aircraft manufacturer for jets capable of the worlds longest commercial flight from sydney to london and this deal which includes up 2128352000 air flights with flight times of up to 21 hours cements air bus as the Global Leader in ultra long haul flights want us looks to begin these flights in the 1st half of 2023 but its still subject to a final decision on order by march analysts estimate that these plans will cost between 2. 00 to 3000000000. 00 with the investment likely to be phased in over 3 years meanwhile boeing is still facing massive delays on its rival 777 x. Program and continues to deal with the aftermath following the 2 deadly 737 max crash by the transit of Samsung Electronics has received a 16 month jail term on charges of Union Busting activities according to south korean media. Saying he worked with others to obstruct the formation and activities of an independent trade union there were a total of 12 people indicted with king a former executive director got a sentence of 10 months in jail in 2016 south Koreas Supreme Court ruled that the dismissal of the employee involved in efforts to form a union at samsung ever led was a harsh sanction and the company reinstated them south korea has powerful auto unions but the countrys overall union participation is around 10 percent. Markets got a boost around the world as china and the u. S. Reached a semblance of a phase one truce lets take a look and see how we ended up that week over in russia the market was up as the Russian Central Bank cut the key Interest Rate again to 6 and a quarter this makes it the 5th consecutive Interest Rate cut and the central Bank Announce that it might take a pause now and assess the ruble which had been the best performing currency in emerging markets this year pared gains after comments that further cuts were less likely over in asia japan led the entire asian markets higher this week with the nikkei hitting fresh 52 week highs today boosted by the positive trade headlines japan is now poised to issue a forecast of 1. 4 percent in Economic Growth for the fiscal year starting april 1st taking into account the expected boost from an upcoming stimulus package this was a surprise as most analysts estimated this to come in lower this stimulus package is now worth 121000000000. 00 in public spending and this is in addition to other private sector outlays over in shanghai the markets got an early Christmas Present from the fed as it reiterated its dovish stance to the markets stocks then jumped higher friday as u. S. Trade negotiators had offered to cancel a new china tariffs and reduce existing levies on trying goods by up to 50 percent on 360000000000. 00 worth of imports to end the week up almost 2 percent down in hong kong the hang seng recorded its best week in 6 months on trade deal reports real estate am Property Value rebounded and tech stocks are jazz shalmi and ac they led on the introduction of new 5 g. Phones however the protest still continued to ravage its streets over in india the sensex gained as conflict between china and the us appears to be resolving a decisive victory of Britains Conservative Party in the elections further strengthen the process prospect of a smooth brags it and the market is now expected some fresh gun. Stimulus to further address the slowdown in the local economy down in australia the assets and then the weak point 5 percent boosted by macro tailwinds obviously trade but also on oil as benchmark could now. Hire the Australian Dollar jumped to its highest value in almost 5 months much further appreciation while requires some clear improvements in the Australian Domestic economy and finally in south africa the all shares were up holding on to gains this by very disappointing mining production data and slowing retail sales in the domestic economy obviously overshadowed domestic news and boosted the index closing the week up modestly now over to bend for the rest americas and europe all right christine thank you for that well lets give you a little spoiler alert here because the americas and europe they were all up this week over in europe lets start there the cac and the dax they are both up this week with futures pricing pointing to better gains for the german and french indices over in the u. K. The footsie is also up as the surge in sterling in the ways of british headquartered multinational corporations futures pointed to a 0. 3 percent gain for the footsie but a 1. 3 percent jump for the german dax and the 1. 5 percent for the french cac over in south america continues to push into record territory they are doing very well there the Brazilian Exchange reaching an all time high this week of 112829 sliding up to north america and b. In b. In mexico is up the s. And p. 500 and the nasdaq all in positive territory for this week and i dont need to tell you why the u. S. And china are agreeing to that phase one deal has pushed the markets higher this week though on friday the markets were kind of up and down with limited details of the deal leaving the markets pretty unsure on how to respond and finally north to canada also up again helped by word of the u. S. China phase one deal being reached and that is this weeks market walk. Time now for a quick break but hang here because when we read federal regulators i can today firing and the injunction against. Spoke to block the merging of Whatsapp Instagram and facebook into one out service will break down whether the feds have a case and Zimbabwes President says while the countrys currency isnt working the nations isnt going to go back to backing from the u. S. Dollar so its krypto the answer and as we go to break heres the numbers at the close. I had a spiritual experience. And i had the little girl that died in the fire cynthia collins. 35 year old son are looking for a kidney reaching. 54 years old age but 21 years on good role model. For a crime i didnt commit. I always knew that it was innocent doesnt read to groups that nobody would listen. You know. Carl was pretty much a force to be our head and building for the world. No you know what. Not. Not that. Not people you will learn it all. Through through to me theres room for germany im so for something. I knew she was in there and i knew exactly what i was doing. People life. Sometimes was annoyed nation. Welcome back Facebook Stock is down as the federal trade commission is considering filing an injunction against the social media giant over its plans to connect its Whatsapp Messaging Service with the chat features of instagram and facebook as i said the f. T. C. Is only considering the move because the injunction would still need to be approved by a majority of the 5 Percent Commission and then a lawsuit against facebook would have to be filed facebook and other tech giants like google amazon and apple they have been under increasing scrutiny over whether theyve taken actions that are eliminating competition in their respective markets there are also but a number of president ial candidates who are pushing the idea of breaking up Big Tech Companies so you know chris i know youre not a fan of that look i dont necessarily think that this is the kind of thing that antitrust you know applies to so what if if they spoke already owns whatsapp and instagram and facebook and they dont how are they called in at the market by combining exactly theyre really not and thats why i believe this is actually a very unfair attack on facebook and i and again im no fan of faith so they have had privacy issues like a tremendous amount of privacy issues but the fact is that all they are doing is a volcano social Media Company theyre not just going to stick to one thing theyre just not going to be a facebook platform forever theyve evolved a evolved into streamline chat theyve evolved into photo sharing and thats why they want to just combine and merge all these services and make sense of the process of evolution but why does the f. T. C. Even allow facebook to buy instagram and to buy whatsapp into one company if now they want to break it up if they merge the technology thats the part that doesnt make it so it really does and. Some obvious president. Vowed that the country would not revert back to using the us dollar after the new local currency that was introduced this year plunged against the u. S. Dollar is a dollar has now lost 61 percent of its value against the u. S. D. And analysts expected to weaken even further as the government scrambles by the new. To pay for imports of grain following the severe drought economists businesses and opposition have accuse the government of rushing to reintroduce is a dollar without properly backing it with foreign currency reserves given the scarcity of Foreign Investments in the country the resulting shortage of u. S. D. To pay for imports has led to fuel and electricity shortages crippling businesses and important sectors of the country such as mining now cash shortages rising fuel costs and hyper inflation of 440 percent emphasizes and wobblies need for a currency that is immune to government influence to say that zimbabwes government has mismanaged the nations fiscal policy would be a massive understatement as we find ourselves now in the exact same predicament as in 2008 where hyperinflation reached its climax in november hitting 79. 6 trillion percent now unfortunately for zimbabwe the governments have banned foreign currencies and made