U.S.-China Trade Talks Resume at Pivotal Time


Striking scenery world-class Music and film festivals and authentic character are just a few reasons why telluride Colorado is a favourite summer destination authorize offers endless outdoor activities catering to all passions and tastes for more information go to visit telluride dot com slash W S J consumers there are sympathize with the Hong Kong protesters and China and China's been trying to bring into this unrest apple said in a statement APP quote toxic software and said it betrays the feelings of Chinese People Yoko says the situation that it removed the APP due to concerns that endangered law enforcement and residents and fidelity announced that it too will eliminate commissions from its online brokerage the move follows similar announcements from its rivals Schwab Td Ameritrade and E. Trade so why are all of these firms eliminating commissions well it has to do with the digital has left apple and a sensitive position that's because a fifth of the company's sales come from China the current situation really shows or underscores having a big deal but most people's expectations are a lot lower than they were in May and interest rates are falling just not in the mortgage market the difficulty that American companies are facing these days if you're operating in China on their basically kind of cop between the Western markets Chinese state media criticized Apple's decision to approve the APP it's called H K map dot live from Beijing Yokota has more yes sold a the president is growing his personal legal team in preparation for the impeachment inquiry in the house Mr Gowdy is a Republican and former prosecutor from South Carolina he I take a look at what negotiators for the US and China will be discussing in Washington later today here's what you missed. President trump hired former representative trey goudy to represent nation of Wall Street that's reset many of the costs of investing so now some of the biggest players have been in a price war to attract consumers on Tuesday there was a very strongly phrased commentary against apple on the People's Daily on that's the official mouthpiece of the Chinese Communist Party and diversey around this APP has been webling up actually over the last week or so and on how it went was apple initially rejected the sap during its review in Libya and apple removed an APP that citizens and protesters in Hong Kong had used to track police activity from its APPS store the removal came after now our main story this morning trade talks between the US and China resumed today in wash I think one reason why the state media strongly criticized apple in China on this issue is because anything related to sovereignty in China is a very sensitive issue rose to national prominence as the chairman of the select committee on Benghazi that was a special panel created to investigate the death of four Americans in a twenty twelve terrorist attacks process but that move by Apple drew criticism last week across social media in the US and Europe and then the more customers coming through the door the pressure new to offer super competitive pricing to them goes down plus view of too good to be true life hacks video in ten already the South China Morning Post reported that lower level U. S. China trade talks have made quote no progress in resolving the yearlong trade war one as we're also seeing with the case of NBA they're clashing against the Chinese government and that commentary in the People's Daily called this Chinese hoped to achieve this time publicly the two sides are still kind of talking a good game about the possibility of doing a big deal but most people beating factor the backdrop for the talks has gotten more complicated Charlie Turner has been finding out more from Josh Zoom Brune Josh what do the Americans in the ober appeal that decision to apple and apple this time of the APP but that's when really the Chinese state media and consumers began criticizing apple so those expectations are a lot lower than they were in May back in May when the talks broke down it really looked like there was a possibility of sweeping deal that was going to cover at these tariffs per perhaps taken off over time it looked like a big deal was really a possibility and now people are looking at thinking that a lot of those issues are probably just a huge range of America's concerns with Chinese business practices it looked like you know the Chinese side was going to US added twenty-eight Chinese companies to an export blacklist over human rights concerns the White House says it wasn't related to trade talks and I imagine this is what's news from the Wall Street Journal I'm Kim Get I'll send let's get started now before or even five months ago you know they've been these new blacklists against Chinese companies a lot of these companies were targeted because they are companies that were not going to be resolved and hopes are lot more muted people are looking people think there's a much greater chance of a of a smaller deal if there's anything at all earlier this week the US has a human rights concern there You know other issues we've seen we've seen everything going on with Hong Kong with the democracy protesters there with China cracking down on that channel disagrees with that right I mean this is one of the reasons that a really all encompassing deal has gotten a lot harder is that there's so many more issues on the table than there were involved in the surveillance in western China where China has been really behaving pretty rip repressively towards the Muslim population there and these companies had helped with that China tensions when when the general manager of the Houston Rockets tweeted in support of the Hong Kong protesters I mean it's really gotten to be a really complex table of issue the US you know kind of wants to support the Hong Kong protesters but it but that adds another dimension to the issues I mean we saw the NBA of all places get sucked into us has just on trade we're going to ignore all these other topics it's actually gotten really hard to To narrow the discussions in that way could there be some smaller scale deal for instance China has resumed its purchases of soybeans from farmers you know with the White House perhaps postpone the tariffs that are scheduled to start October fifteenth or maybe ease up on restrictions again over thirty feet of snow last season telluride is ready for another stellar year filled with powder days and bluebird skies continually ranked the number one ski resort telluride as it is to vacation there with nonstop flights from Eleven Major Hubs Wall Street Journal podcast listeners received thirty percent off early season lodging I wa Wa right I mean I think that's the kind of the perfect example of the of the lowered expectations that we're talking about here you know the US has made it clear that it wants to see these cultural purchases and China has actually started to come back into that market in in the last month that half and so there you know there has been some net mini deal is all we end up with you can find our full coverage of those talks up on WSJ DOT COM news and that's exactly part of the reason that it's going to be hard for the Chinese or for the US to kind of set aside all these things and say oh we're just GonNa you know we're going to make we're going to in North America by readers of Conde NAST traveler telluride boasts no lift lines and exceptional terrain for all levels and abilities it's as easy to travel to time that's because even though interest rates have been falling the cost of taking out a mortgage hasn't fallen as fast in fact now the spread between US Treasury yields and mortgage rates he knew tariffs you know that kind of thing where they where they make a mini deal and they say we're going to keep working on these other issues maybe they never do come back and work on those other issues you'd call it progress on that issue and so you know is there a deal where China agrees to keep those act purchases and the US says well we're not going to add to book go to visit telluride dot com slash WSJ on two markets we're going to talk about mortgage rates today higher than it's been in years so what's happening and Isaac Explains Light so as with these things is a bit of supply and demand play and here's what else were paying attention to today the Federal Reserve is set to vote on and a lot of mortgage providers scaled back what they had on offer last year because they were seeing a bit of a drop in demand then this year they've been seeing much higher demand getting greater you're gonNA keep that rate as high as possible as you can to keep investors happy on the other side who might want a mortgage backed security recently a few got more customers coming through the door the pressure new to offer super competitive pricing to them goes down what you're also seeing and is important to remember relations if the Fed does decide to ease these rules it would be some of the most significant changes to bank regulations since President Trump took office andrassy consumer a mortgage a slightly higher rate even if that traditional relationship between you thirty year mortgage and ten year treasury yield might be getting that gap a measure that would ease liquidity and capital rules for large banks these rules were put in place after the financial crisis but banks have since complained that they create burdensome president mortgages and their role within the white is sort of network of finance is a bit more complicated than you might I think so. Investors are often easier to comply with a number of them in some cases for medium size regional banks they'll actually be carved out from certain requirements so they're really after what could mortgage-backed securities and for them the higher the interest rate charged on a mortgage the more likely they are to get a good return so if you can offer Herman has more the trump administration has made it a priority to basically simplify a number of the rules they would argue they're they're making it ashok that many of those videos are in fact not accurate Jeff Horowitz says there yet another example of how much of the content on social media is closer to fantasy no one rule change has been monumental collectively the changes are a significant step to soften the impact of the Dodd Frank Law finally have you ever been tempted to

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