The wrong legal interpretation and that china was a serial offender according to reports so the us just decided to ignore the ruling decision of the day because it didnt like the outcome of the case so now china is requesting authorize ation from the d. S. P. To suspend concessions and related obligations at an annual amount of 2400000000. 00 the u. S. Could challenge the amount of sanctions sought which would send the dispute to arbitration and while all this is happening the u. S. Is working a different angle with to hit china back with the transatlantic fight over the aircraft subsidies at the between the u. S. And europe may allow for the e. U. And us to come together to draft rules for industrial subsidies to take into the w t o as a way to force change in china all it needs now is a final resolution to the air bus boeing fight. The International Monetary funds latest World Economic outlook report has joan greeted china. Growth forecast to 5. 8 percent for 2020 lower than the 6 po
Were reports that china wasas on to reaching at leastea a ptial deal. But late today, there were additional reports that even those expectations were being lowered by chinese officials. Investors have been getting used to such mixed messages. Clearly, any time theres even a hint of a pential truce, intentions between the worlds two largest economies, stock rise. Thats what happenedd today. The dow industrial average rose 181 points. Na gained 79. Aq26,346. The s p was up 26. Here is what ton expect whe two sides meet tomorrow. For First Time Since may, the u. S. Trade represeative and treasury secrery will receive chinas vice premiere on their home turf to contie negotiations for a 13th round as the trade waron drags reuters reporting expectations from china for a deal are low, after u. S. Banned business with eight chinese tech giants. I think they feel that im iving a tough bargain. But i have to. In earlier reports, chinese officials suggested they a open to a parti deal and are wil
Decline. Biggest drop since 2009. A real freeze that has hit the manufacturing economy. Thats right. The lowest ism reading this is a kind of this 340 versus last month survey sometimes market moves are inscrutable. Yesterday, markets were up clearly just challenged this idea that the u. S. Economy was resilient enough we are constandly talking about increasing recession fears. Suddenly this data point comes along. The consumer, in 2019, are we dependent on manufacturing to the extent we used to be no. Not even close it is a great swing factor it doesnt go down that much but it also accelerates that much. You take a look at treasury yields yesterday as soon as this number hit 0 years at 2. 089 . We were above 1. 7 on the 10year yesterday. That shows you the market is saying, okay, the fed is likely to give another cut in october not a sure thing probability right now. The october adp report will be released at 8 15 eastern. Reportedly added 120,000 private sector jobs last month johnso
Minor deal that would be open. As far as no more tariffs would be open as far as two more rounds of duties in return, they said they would be open to things. Speaking on the background in terms of noncore recession saying they still would not budge. That was an official speaking to one news source. Lets take a look at what would happen in asia the nikkei came under pressure hang seng down about. 8 and shanghai am coup about. 4 markets go up or down based on what rumor or headline at any given point on these trade talks scheduled to begin tomorrow in the United States. In europe, the bachl dax is up y about 1 looking at the treasury market, yields are higher. The 30year, a little higher than where we were yesterday the twoyear sitting at 1. 44 . Eunice yoon joins us now. Did we sleep last night. We look horrible without these thanks for pointing that out. Mine is too bright. We are going to toss to eunice ill tell you what way was thinking about on my way in. Did you hear about how many
Reportedly affected two businesses. Ktvus andre joins us live with more firefighters were slow to move in on those fires. Andre . Reporter well julian and frank, we are now six hours after the fire started right behind you. You can see they are in the mop up stages right now. And the ems truck still on standby. And they still extended here as we could tell you the details of what happened here sound chilling as they start trickling the captain and the Fire Department when they said they were called here about this fire they were also told there was a man inside one of the burning businesses with a gun. At 5 30 on sunday evening, san joses firefighters rushed to a force of a blaze that broke out inside a business on santa collar are streets between first and Second Streets. I saw them flying through like okay, something bad happened. Reporter several fire engines and dozens of firefighters could be seen on front of them in neighboring businesses. Adult super stores. And all the commotio