Im phil mattingly. In for dave briggs. It is thursday, august 9th. Congratulations, you are on the back half of the week. Representative Chris Collins refusing to step down after indictment on Insider Trading charges. Federal prosecutors in manhattan accused the new York Congress member, his son and another man of securities and wire fraud. Charged with exploiting secret Drug Trial Information from the australian pharmaceutical company. Collins vowed last night he will continue his run for reelection in november. The charges that have been levied against me are meritless. I will mount a vigorous defense in court to clear my name. I look forward to being fully vindicated and exonerated ending any and all questions relating to my affiliation with innate. The company where collins was on the board of directors. He was the first sitting Congress Member to endorse donald trump for the white house. Collins indictment turns another safe republican seat into a battleground. The White House Leg
Growth precarious Global Economy Uncertain International Monetary Fund and the world bank kick off their annual Spring Meetings with warnings to the world. Also coming up after months of disagreements the evil has greenlighted trade talks with the us setting the stage for the real challenge convincing washington to agree to a deal. And is set to be one of the biggest Oil Refineries in the world built by the richest man in africa but will it be good for nigeria our correspondent funny for scharf went to find out. Welcome to the business im joined now the Melanin Brylin good to have you with us its a recurring refrain by now but with undiminished urgency at a News Conference marking the start of their annual Spring Meetings the
International Monetary fund and the world bank said seventy percent of the Global Economy is caught in a slowdown Trade Tensions that distrust and for policy making arent helping either well talk to our correspondent in washington in a moment but first this report