36 Burst results for "Commerce department"

U.S. factory orders climbed more than 6% in June

WBBM Morning News

00:29 sec | 18 hrs ago

U.S. factory orders climbed more than 6% in June

"New orders for US made goods went up more than expected in June. This suggest the manufacturing sector is getting back its footing through Rising covert 19 cases threatened tentative recovery. Commerce departments in factory orders jumped 6.2% after rebounding 7.7% in May. However, order still remain below their February levels. Economist pulled by Reuters had pork as factory orders had fancying about 5% in the month of June.

Reuters United States
Fresh update on "commerce department" discussed on Rush Limbaugh

Rush Limbaugh

00:10 sec | 15 hrs ago

Fresh update on "commerce department" discussed on Rush Limbaugh

"Morning, The Commerce Department stated that new orders for goods made in the U. S climbed more than expected in a report that covers the numbers from June, factory orders increased by 6.2%. B P has cut dividends by half after reporting a pretax loss of nearly $17 billion in the second quarter. Revenue for BP is down 56% year over here, and, of course, BP is not the only major player forced to deal with decreased demand for energy during the pandemic. The company plans to reduce carbon emissions by 40% by the year 2032 down a copy of our Free weekly report. Please visit our website at S.

BP Commerce Department U. S
Nonresidential construction spending dips in June

War Room

00:24 sec | 1 d ago

Nonresidential construction spending dips in June

"Another dip in US construction spending. It's the fourth straight monthly decline is the Corona virus outbreak continues to wreak havoc on the economy. Spending on US construction projects fell 0.7% in June is both home building and nonresidential activity declined. The Commerce Department says the June drop was well below April's 3.5% downturn. Correspondent Jeremy

United States Commerce Department Jeremy
US construction spending declines 0.7% in June

Rush Limbaugh

00:14 sec | 1 d ago

US construction spending declines 0.7% in June

"Dot com Construction spending fell again in June. The fourth straight decline is the Corona virus continues to wreak havoc on the economy. The Commerce Department, saying that spending on US construction projects fell 7/10 of a percent in June, as both home building and non residential activity

Dot Com Construction Commerce Department United States
US consumer spending up 5.6%, but virus could stall gains

AP News Radio

00:42 sec | 4 d ago

US consumer spending up 5.6%, but virus could stall gains

"As the U. S. economy struggles American consumers continue to provide a boost the commerce department says consumer spending rose a solid five point six percent in June that followed a seasonally adjusted eight point five percent surge in may but those increases followed a record plunges the corona virus struck hard in March shuttering businesses triggering millions of layoffs and sending the economy into recession the June increasing consumer spending coincided with the one point one percent drop in personal incomes meanwhile with confirmed viral infections rising in a majority of states many businesses have had to pause re opening or close a second time and cut jobs Ben Thomas Washington

Commerce Department Ben Thomas Washington
Consumer Spending Rose in June, but Pullback Damps Recovery

Morning Edition

00:53 sec | 4 d ago

Consumer Spending Rose in June, but Pullback Damps Recovery

"Stocks open mixed this morning as the government reported a bigger than expected jump in consumer spending. Last month. NPR's Scott Horsefly reports, the Dow Jones industrial Average was down about 10 points in early trading. The Commerce Department says consumer spending rose more than 5.5% in June following an even bigger jumpin May consumer spending has rebounded from the sharp drop in March and April. Analysts warn that recovery maybe Peter Ring out, though a surgeon new Corona virus infections has made many people wary about shopping and dining out. What's more, personal income has been slipping as federal relief payments are exhausted, and that drop is likely to accelerate the extra $600 a week and unemployment benefits that Congress authorized early in the pandemic officially expires today. So far, lawmakers have not been able to agree on any sort of extension. Scott Horsefly. NPR NEWS.

Scott Horsefly Npr News NPR Commerce Department Peter Ring Congress
U.S. economy suffers biggest quarterly decline on record

News and Perspective with Tom Hutyler

01:18 min | 5 d ago

U.S. economy suffers biggest quarterly decline on record

"33% annual rate in the April June quarter by far the worst quarterly plunge ever. When the viral outbreak shut down businesses with Mohr on this historic drop. I'm joined by bankrate dot com Chief financial analyst Greg McBride Greg Good morning. Thanks for being with us the Commerce Department's estimate of the second quarter decline in the gross domestic product. The total output of goods and services marked the sharpest drop on records dating to 1947. And I think that's as far back as these quarterly records go. Yeah, and Tom it wasn't even close set a record setting records for all the wrong reasons, but it was about Three times worse than what had been the previous record holder, if you want to call it that, and and so, you know, listen, not that we needed to wait until today to know that it was bad, but I think it does certainly put it in and you know in Stark, uh, you know terms for everybody. I will say, however, that number is annualized, so it's not like the economy's only 2/3 the size now that it was the end of the first quarter. Now the economy shrunk 9.5% still the worst ever by a wide margin during the quarter if it had maintained that pace for a year. That would equate to a 33% contraction. So they're like the ballplayer hits three home runs on opening day, projecting that they maintain that pace throughout the season. Right? Okay, well,

Greg Mcbride Bankrate Chief Financial Analyst Commerce Department Mohr Stark TOM
U.S. economy suffers biggest quarterly decline on record

Dennis Prager

00:33 sec | 5 d ago

U.S. economy suffers biggest quarterly decline on record

"Dot com The government reporting the U. S suffered a massive economic contraction in the second quarter, with the economy shrinking by a record 33%. It's the words quarterly plunge ever with a viral outbreak, shutting down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%. The Commerce Department's estimate of the second quarter decline in the gross domestic product marked the sharpest such drop on records dating a 1947. The previous worst quarterly contraction of 10 per cent drop occurred in 1958. That's correspondent Jeremy

Commerce Department Jeremy U. S
U.S. Economy Suffers Biggest Quarterly Decline on Record

Chris Plante

00:25 sec | 5 d ago

U.S. Economy Suffers Biggest Quarterly Decline on Record

"The US economy shrank to 33% annual rate in the April June quarter by far the worst quarterly plunge ever. Commerce Department's estimate of the second quarter decline in the gross domestic product. The total output of goods and services mark the sharpest such drop on records, dating Teo in 1947 the previous worst quarterly contraction. A 10% drop occurred in 1958 during the Eisenhower

Commerce Department TEO Eisenhower United States
2 grim reports are expected on virus' damage to US economy

Morning Edition

00:52 sec | 5 d ago

2 grim reports are expected on virus' damage to US economy

"Stocks opened lower this morning after two discouraging economic reports. NPR's got Horsley reports. The Dow Jones industrial average fell about 500 points in early trading. In a grim yardstick of the economic toll taken by the Corona virus pandemic. The Commerce Department says the U. S economy shrank at an annual rate of 32.9% this spring. That's the sharpest contraction in Postwar history. The drop between April and June was nearly four times as steep as the worst quarter of the great recession. By the end of the quarter economic activity began to pick up again, but I hope for recovery this summer could be short circuited as the nation continues to wrestle with a surge of new infections, the Labor Department says new claims for state unemployment benefits rose last week for the second time in a row new claims for a special federal unemployment program. Dropped. Scott Horsley. NPR NEWS

Scott Horsley NPR Commerce Department Labor Department
Orders for big-ticket manufactured goods jump 7.3% in June

Steve and Ted

00:24 sec | Last week

Orders for big-ticket manufactured goods jump 7.3% in June

"To US factories for big ticket manufactured goods rose a solid 7.3% in June, the second big monthly gain as manufacturing tries to climb out of a spring slump triggered by the Corona virus pandemic. Commerce Department says today that the June again gain endurable good orders, which was better than expected, followed an even bigger 15.1% increase in May.

Commerce Department United States
U.S. new-home sales surged in June

Reveal

00:21 sec | Last week

U.S. new-home sales surged in June

"NPR NEWS Seattle sales of new homes shot up in June and mark the second straight monthly increase after two previous months in which sales plunged amid the ongoing Corona virus Pandemic. Commerce Department says sales of new homes were up 13.8% in June robin New home sales last month comes alongside an even bigger increase in sales in the much larger existing homes market.

Commerce Department NPR Seattle
U.S. Retail Sales Rose 7.5% in June as Stores Reopened

KCBS Radio Morning News

00:13 sec | 2 weeks ago

U.S. Retail Sales Rose 7.5% in June as Stores Reopened

"To spend heavily in June after a record retail sales gain in May. The Commerce Department reports a 7.5% game last month. With sporting goods sales up over 20%. Homan guarding sales up over 17%. In a

Commerce Department Homan
US consumer spending up 8.2%, partly erasing record plunge

AP News Radio

00:37 sec | Last month

US consumer spending up 8.2%, partly erasing record plunge

"Consumer spending rebounded in may down just over twelve and a half percent in April consumer spending bounced back in may up by eight point two percent the report by the commerce department show that Americans stepped up their spending last month despite a four point two percent decline in personal income the rising consumer spending also coincides with the sudden surge in corona virus cases that's forcing states and businesses to consider scaling back or even reversing their re openings consumer spending is closely watched because it accounts for about seventy percent of economic activity showing out there Washington

Washington Commerce Department
Orders for US big-ticket factory goods surge 15.8% in May

America First with Sebastian Gorka

00:34 sec | Last month

Orders for US big-ticket factory goods surge 15.8% in May

"Com orders to American factories for big ticket goods rebounded last month from a rough April is the U. S. economy began to slowly reopened the commerce department says orders for manufactured goods meant to last at least three years shot up fifteen point eight percent in may after plunging eighteen point one percent in April economists expected a rebound but the may increase was stronger than expected a category that tracks business investment orders for nondefense capital goods excluding aircraft rose two point three percent after falling six and a half percent in April corresponded to Jeremy house with that

Commerce Department Jeremy
US economy shrank at 5.0% rate in Q1; a much worse drop expected in current quarter due to pandemic

KNX Midday News with Brian Ping

00:59 sec | Last month

US economy shrank at 5.0% rate in Q1; a much worse drop expected in current quarter due to pandemic

"Tech well we seem quite a wild ride today for the stock market with the Dow down more than two hundred points and up more than a hundred right now were up seventy one points nasdaq up forty one of the S. and P. five hundred seven the market's been whipsawed by the latest numbers on corona virus as well L. as the readings on the economy including the news about the unemployment lines of this past week it looks like the number of people in those lines of falling to one point four eight million last weekend falling to that level still a very elevated but actually the twelfth straight drop in assigned the layoffs are slowing but are still at a painfully high level out there we're also getting the news of the economy shrank at a rate of five percent in the first quarter with a much worse decline expected in the current quarter that latest report from the commerce department out there that came out this morning shows that that five percent rate that was unchanged from the previous estimate made a month ago the shoppers quarterly decline since an eight point four percent drop in the fourth quarter of two thousand eight during the depths of the financial

How the coronavirus pandemic has affected the real estate industry

Hope in the Night

00:24 sec | Last month

How the coronavirus pandemic has affected the real estate industry

"Sales of new homes rose a surprisingly strong sixteen point six percent in the commerce department says sales of new single family homes rose to a seasonally adjusted annual rate of six hundred seventy six thousand last month that was a much better performance than expected there are hopes that the housing slump that occurred with the virus shutdowns could be coming to an end the other millions of jobs lost the pandemic could impede any rebound correspondent Jeremy

Commerce Department Jeremy
US new home sales rise surprisingly strong 16.6% in May

AP News Radio

00:41 sec | Last month

US new home sales rise surprisingly strong 16.6% in May

"There's promising numbers on new home sales new home sales in may rose a surprisingly strong sixteen point six percent with the re opening of major parts of the country potentially fueling activity in the housing market that was a much better performance than expected many economists had forecast that sales would fall in may the new home sales numbers from the commerce department come just one day after the U. S. reported a nine point seven percent plunge of sales of existing homes in may there are hopes that the housing slump that occurred with the virus shutdowns could be coming to an end although the millions of jobs lost to the pandemic could slow down any rebound shortly after Washington

Washington
US new home sales rise surprisingly strong 16.6% in May

AP News Radio

00:41 sec | Last month

US new home sales rise surprisingly strong 16.6% in May

"There's promising numbers on new home sales new home sales in may rose a surprisingly strong sixteen point six percent with the re opening of major parts of the country potentially fueling activity in the housing market that was a much better performance than expected many economists had forecast that sales would fall in may the new home sales numbers from the commerce department come just one day after the U. S. reported a nine point seven percent plunge of sales of existing homes in may there are hopes that the housing slump that occurred with the virus shutdowns could be coming to an end although the millions of jobs lost to the pandemic could slow down any rebound shortly after Washington

Washington
"commerce department" Discussed on KCRW

KCRW

02:05 min | 1 year ago

"commerce department" Discussed on KCRW

"Today the commerce department reported a solid increase in consumer spending last month up six tenths of one percent so nice job where the casserole that spending is coming from though that matters as marketplace Kimberly Adams explains consumer spending is fueling economic growth even as businesses pull back on investments but more spending isn't by itself always a good thing prior to the Great Recession a lot of consumers and households were using credit as the main means of financing their outlays Gregory Dacko of Oxford economics says unlike back then today we're seeing is consumer spending growing more and more in line with real disposable income growth he says people are mostly spending within their means at the same time credit card delinquencies are on the rise and overall consumer debt is it more than thirteen trillion dollars including mortgage and student loan debt that's about a trillion more than just before the Great Recession Merial Beasley co founder of the common sense lab studies consumer behavior she says the solid job market and low interest rates more people into borrowing more than they should people taking on more and more debt whether that be sort of mortgage that or credit card debt or car loan debt a lot of that is people will borrow up to the amount that somebody will give them as long as unemployment remains low and wages rise people can spend then probably manage all right but says mark Hamrick a senior economic analyst at Bankrate dot com one thing that we do need to keep in mind is that expansions do not last forever and at some point we will have an economic downturn which is another way of saying a recession and it's at that point he says that having a lot of debt can become a lot more problematic in Washington I'm Kimberly Adams for market place coming up since the early nineties I think that we've been engaged in a grand experiment.

commerce department Kimberly Adams Gregory Dacko Oxford economics co founder mark Hamrick analyst Washington Merial Beasley Bankrate thirteen trillion dollars one percent
"commerce department" Discussed on KSFO-AM

KSFO-AM

01:46 min | 1 year ago

"commerce department" Discussed on KSFO-AM

"To the commerce department the economy grew more slowly than expected last year at a rate of two and a half percent down from the original estimate of three percent that's because businesses spent less on office construction equipment and software for the second quarter the gross domestic product climbed two point one percent the GDP has across the three percent threshold since two thousand five still the federal reserve is expected to cut interest rates next week as risks to the economy rise due to the trade war between the US and China I'm in case meanwhile White House economic adviser Larry Kudlow tell C. N. B. C. he's hoping to get trade talks with China back to where they were before collapsing last may saying if a meeting next week goes well he doesn't expect any new auto terrace to be levied calling it a stern warning to South Korea and head of military drills with the U. S. North Korea says its missile tests this week included a new type of tactical guided weaponry Barbara Starr following up at the Pentagon it's a missile that they have for Russian origins the missiles that North Korea fired may not have been particularly new they may be of Russian origin but the question of course is what is Kim Jong going doing to improve those missiles and improve his missile capability Jim Roop reports now that the investigation continues today and how deeper human smuggling operation may go at southern California's camp Pendleton marine base July third two marines were arrested allegedly trying to smuggle three Mexicans into the U. S. for money an investigation was launched and Thursday sixteen more marines were arrested in connection to the activities of the first two major Kendra Martha says the marine corps was quick to announce the arrests in an effort to be transparent to the public and to its members the standard is expected marines arrested well that's in the military justice system for now it'll be up to NCIS to decide whether it stays there or goes to the civil justice system.

Pentagon Larry Kudlow White House NCIS marine corps Kendra Martha California Jim Roop Kim Jong Barbara Starr North Korea South Korea C. N. B. C. economic adviser China US three percent one percent
"commerce department" Discussed on KOA 850 AM

KOA 850 AM

01:45 min | 1 year ago

"commerce department" Discussed on KOA 850 AM

"From the Commerce Department today show, the trade deficit narrowed to fifty point eight billion dollars. In April that's down from a revised fifty one point nine billion in March. First quarter labor costs are also down and a lot more than analysts were expecting labor costs cross the economy fell by one point six percent in the first three months of this year. That's double the decline. The experts were forecasting productivity is up three point four percent, one tenth less than the forecast, but it was well ahead of the one point nine percent increase the previous quarter, Fiat Chrysler hits the brakes on a merger with French carmaker Renault, the reason seems to be objections from the French government, which owns a sizeable chunk of Renault sticking point for the French government, Israel is reportedly Renault's partnership with Nissan. France wanted Nissan guarantee that continued partnership with Renault, the government reports, and abrupt drop in the number of H one B. Visas being approved those visas are for highly skilled workers usually in the tech industry. And that's where US firms are struggling to find qualified Americans, those jobs, US, citizenship, and immigration services, approved, three hundred thirty five thousand visas, and the team fiscal year down from ten percent in two thousand seventeen the reason for the drop. Your people are applying for those visas and fewer are being approved carnival. Cruise lines is in trouble for making the high seas look, more like a sewer company will have to write a twenty million dollar check for illegal dumping carnival admits deliberately dumping plastic wastes into the waters near the Bahamas and then falsifying records, harmful was hit with a forty million dollar fine thousand 2017 for similar violations. And earlier this year, a federal judge warned the company that it's cruise ships could be banned from entering American ports as punishment in our next money update. We'll have our first look at today's trading on Wall Street. That's coming up at seven fifty five KOA NewsRadio..

Renault French government US Nissan Commerce Department Fiat Chrysler Bahamas France Israel eight billion dollars twenty million dollar forty million dollar four percent nine percent three months six percent ten percent
"commerce department" Discussed on AP News

AP News

01:38 min | 1 year ago

"commerce department" Discussed on AP News

"The Commerce Department says consumer spending increased three tenths of a percent in April. That follows a one point one percent surge in March that was the largest increase in nearly a decade spending on gerbil goods, such as cars dropped last month. But Americans spent more on food, clothing and services, the slowing growth in spending came despite a jump and personal income growth of five tenths percent. Income gains had been lagging so far this year. Meantime, inflation at the consumer level rose to one point five percent compared with a year ago that still below the Federal Reserve target of two percent. Ben Thomas Washington. India's newly sworn in prime minister Narendra Modi has named a cabinet of ministers, handing the powerful home affairs portfolio to the president of his Hindu nationalist, party credited with delivering him a thunderous reelection BJP, president ameet child was named the home minister while Modi's first term defense minister, was named finance minister in twenty four cabinet posts Modi's, Bharatiya Janata Party won three hundred three seats in the five hundred forty two member lower house of parliament, giving the party a decisive mandate, but Mody faces immense challenges, including a slowing economy, high rates of joblessness, and low agricultural prices that have hurt farmers. Eleven dead in a workplace shooting in Virginia Beach, Virginia. I'm Jacky Quin with an AP news minute. This city worker at the Virginia Beach municipal complex called nine one one gun John's. We could hearing gunshots kept hearing the cops get out and when it was over. Police chief Jim severa says eleven people were killed six were injured and police killed the gunman longtime employee.

Bharatiya Janata Party Narendra Modi Virginia Beach municipal compl Virginia Beach prime minister Commerce Department Ben Thomas Washington Federal Reserve Jacky Quin Virginia Jim severa president India Mody AP John five percent one percent
"commerce department" Discussed on KCRW

KCRW

01:56 min | 1 year ago

"commerce department" Discussed on KCRW

"The Commerce Department sent a report to President Trump over the weekend that could trigger new auto tariffs. And if those happen, it would likely have a big affect on German automakers that to say the Dax in Germany is down a tenth of a percent right now about fifteen points. The footsie in London is mostly flat right now. US markets are closed for president's day. But there is still news out of New York. Uber is suing the city over a law that limits. The company's business the law capped the number of four higher vehicle licenses. Uber says the move is unconstitutional. And meanwhile, Uber is joining some big names in the plane and helicopter world proposing a network of air taxis, which could whisk passengers up and across cities in minutes. Marketplace's Jack Stewart reports if you're imagining flying 'cause like those in Bladerunner twenty forty nine. You don't file Rome. But this fictional world could become real in Los Angeles and the Dallas area by twenty twenty three. Our vision is that we'll have a network of sky ports in urban areas. And we'll have a new class of aircraft operating. Eric Allison is head of Uber's aviation program. The ridesharing company wants to out a flight option to its app. Allowing users to book one of four seats in affectively giant electric drones. That will someday fly up over the gridlock. We can get the price per seat mile on their craft down to Uber acts like pricing, which in the US is somewhere around a dollar fifty per mile, depending on the market. There's nothing Sifi about. This says Jim Gregory director of the aerospace research center at a higher state university. Oh, certainly this is very real you their companies investing a lot of funds in making this happen, including Boeing Airbus and bell the plan will need approval from the FAA, but the agency will likely move slower than. Silicon Valley disrupt as a I'm Jack Stewart for marketplace..

Uber Jack Stewart president US Commerce Department Germany Trump Eric Allison London New York Rome Silicon Valley Jim Gregory Boeing Bladerunner FAA Los Angeles Airbus affectively director
"commerce department" Discussed on KNSS

KNSS

02:37 min | 2 years ago

"commerce department" Discussed on KNSS

"Four jobs in two years with the Clinton. Administration At her last short lived administration. Role Cheryl shavers the, former, under, secretary for tack at the Clinton. Commerce Department said that Omarosa was was asked to leave. As quickly as. Possible, she was so disrupted look I the woman has been a problem I understand this long before she was on the apprentice I understand that What I, am, my, point is and feel free to. Disagree with it because I will admit I don't know. Anything about this I'm just telling you when you put somebody who's already a, malcontent who's already got problems you give them you put them on a nationwide TV. Show and you turn them into a star and then you take it. Away from them and I'm guaranteeing you what ever be I h characteristics she had are going, to be multiplied by twenty five I mean look at, what's happening you kids on Twitter and Facebook all this fame seeking and then they. Find it they they they start losing their likes or what have you It's not the, total explanation for. Who she isn't what she, is but, she should never have. Been there she should have never, been in the White House it just it's it's. Like I, say the staffing decisions some of them have just Puzzled me Amazingly not gonna go into who some of those other staffing, decisions are what they word that they want to many of them are gone already by. Now anyway But this one this one is is classic And she's going to do everything she can to maintain. Her stardom whatever it is in her mind and her fame and it's being fed. Is being fed by the drive by media the drive-by media is happy. To feed her appetite her need for whatever and the more she bashes Trump and the more stories, she's got about Trump and the more allegations it doesn't even matter. If they're true of the media doesn't care So she's getting exactly what she. Wanted out of this my point is what I'm telling you should have been known and understood by. Countless numbers of people in the White House before she was even brought. In there under some were phony job title anyway we'll be back, in a moment introducing new lifeproof slip resistant. Would look porcelain tile.

Clinton White House Trump Omarosa Cheryl shavers Commerce Department secretary Twitter Facebook two years
"commerce department" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

04:04 min | 2 years ago

"commerce department" Discussed on Newsradio 1200 WOAI

"Of the main topics that you covered with was the latest on the. Trade war with China don's great we had a wide ranging conversation we hit on China the fed interest rates you will want to listen. To the entire interview at investingsense. Dot com we'll we're going to jump right into the conversation that you, had with Don and begin with what he had to say about China done thanks as. Always for joining us I'd like to start first with what's going on right, now with China the trade war. Or whatever kind of hyperbole that the media's can of using right now how are you looking at this? Tit for tat trade war who I mean who would be the ultimate winner as this progresses knowing Knowing that there's not a lot of dry powder laughed on China's, side, you know, what would. Trump's all in move be at this point what happens past this point well the all in move has already been made actually, Trump announced that he was setting the Commerce Department and the treasury US trade Representative to drop plans for, another. Two. Hundred billion and he's goods and. Services and that in, that number loan two. Hundred billion but certainly in addition to the terrorists that are already been. Put place means we'll be putting new higher tariffs on a greater amount of Chinese merchandise then they're even is in total American merchandise that. They buy so they said we. We've some were simply putting more chips under the table to use the, poker metaphor even have on the table okay so that that's that so the only the. Only question now is how do you save face how do you make the, overture that Trump will accept and. Trump is he's obviously Master negotiator say what you will about various, aspects of them but you obviously very successful negotiator and you know when you're in this position, and? You're a master negotiator when you know you just simply got the other. Guy you're, not going to accept this I offer already made its? First offered a second offer? And, Trump just keeps saying no no I want. More a lot more I want more I want more and you know what Trump wants is he only wants to China's commitments to, buy more stuff than the United States mostly agriculture and energy, stuff that we're. So good at producing but he wants China to grow up he wants China to let western firms freely do business in the Chinese market he wants. Them to stop the cyber espionage attacks the state sponsored state. Condone cyber espionage, attack, against US companies in US intellectual property China's a police state it loves to crack, down people you know why. Can't, it crackdown on those. Kids in Hong Kong who get a Blu, Ray disc any new American? Movie onto the streets of Hong Kong before it even opened in the. Theaters right Is. That so much to ask are you warming are you warming a little bit. More to Powell at one point you you felt. Comfortable with letting him walk your dog but maybe not much else there is your. Opinion or is your. Estimate of Powell changing as these. Kind of, additional statements and directions come out I don't think Powell's ever going to change in order, for him to meet my needs you'd have to go back to college get a degree in economics Law that he has an and with what. That would do that would enable him to have a deeper more sophisticated understanding of the theoretical underpinnings of what he does number one and number two to. Speak the language of Wall Street? I want to really focus your? Your? Your audience on the real issue? With him that? Makes him such an unusual fed chairman I think you know I'm I'm generally a supporter of Trump's economic policies but I, think Trump made a mistake in the way that he chose stretch here I believe that Trump chose dispatcher because he would be politically loyal and? You remember Trump got himself out of trouble by supposedly asking former FBI had Komi will. You be loyal to me will you, be loyal to me right Lots of evidence he asked the same question to all the people who's gonna was share and you know some of them have written about. That, experience and I think Powell among..

Trump China Powell Don United States Hong Kong investingsense Komi Blu FBI Commerce Department treasury Representative chairman
"commerce department" Discussed on WLS-AM 890

WLS-AM 890

02:20 min | 2 years ago

"commerce department" Discussed on WLS-AM 890

"Topics, that you covered with was the latest on the trade war with China don's great we had a wide ranging conversation we hit, on. China the fed interest rates you. Will want to listen. To the entire interview at investingsense.com well we're going. To jump right into the conversation that you had with Don and begin with what he had to? Say about China Don thanks as always for. Joining us I'd like to start I with what's going on right now with China the. Trade, war or, whatever kind. Of hyperbole that the media's kind of using right now how are. You looking at this tit for tat trade war who I, mean who would be the ultimate winner as this progresses knowing that in there's not a lot of dry, powder. Laughed. On China's side you know what. Would Trump's all in, move be at this. Point what happens past this point well the all end move. Has, already been made actually Trump announced that he was setting the Commerce Department of the treasury US trade Representative to drop plans for, terrifying. Another two hundred billion Chinese goods. And services and that In that number loan two hundred billion but certainly in. Addition to the terrorists. That are, already been put place means we'll be putting new higher? Tariffs on a greater amount? Of, Chinese merchandise than there even is in total. In American versus is that they buy so they said we were simply putting more chips into the table to use the poker metaphor right even have on the, table okay Oh that's that so. The only the only question now is how do you save face how do you make, the, overture, that Trump will accept and Trump. Is he's obviously a master negotiator say what you will about various aspects of but you obviously very successful negotiator and you know when you're in this, position and your masters negotiator when you know you're just simply, got the other guy you're not gonna. Accept this I offer China's already made its first offer his second offer and. Trump just keeps saying no no I want more. A lot more I want more, a lot more and you, know what Trump, wants is he only wants to China's commitments to buy more stuff than the United States mostly agriculture and energy stuff that we're so good at producing but he wants China to grow up he wants China to let western. Firms freely do business in the Chinese market he wants them.

China Trump Don Commerce Department United States Representative treasury
"commerce department" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

04:50 min | 2 years ago

"commerce department" Discussed on WNYC 93.9 FM

"Some kind of exception to be made for them with the current tariffs yes the company on june eighteenth filed twenty four exclusion requests so they're asking the commerce department and to some extent president trump himself to waive the terrorists on the raw material that they use now just to give you an idea as of yesterday twentyone thousand exclusion requests have been filed with the commerce department i think the last number i saw was that ninety of them have been acting on so this is gonna take forever to get an exclusion or an exemption if they do it kind of according to the normal bureaucratic process what we're hoping is that wilbur ross the commerce secretary and president trump will realize that they're putting five hundred people out of work in southeastern missouri and we'll do something about it you know we have to ask for an exclusion for every single kind of little slightly different kind of steel so we actually had effort twenty four separate exclusion so it's it's it's a big mess but the way it stands at though you're saying with the bureaucracy involved and the sheer number of exclusions lean demanded we'll be out of business by that i mean we we can't we can't wait can't wait for the bureaucracy to to grind it's gears and run its course james glassman of mid continent nail corporation well some might argue it's unfair to blame this companies potential demise on president trump steel tariffs if a tariff increase is all it takes to finish a business off then you could argue that business wasn't very competitive in the first place over to pippa monogram she's a former economic advisor to president george w bush very often companies will claim that trade policy is somehow the cause of their problems that's trade policies usually invoked by the weakest companies in any given industry i mean throughout history usually that's the case which doesn't mean that there's no issue right so so the honest answer is each individual company case very hard to parse it apart no exactly but what you have here is a story about a company in trump's heartland that's actually going to be hurt by his action ultimately it comes down to president trump wanting to shrink the trade deficit that the us has with the rest of the world and it's a substantial trade deficit us imports far more from the rest of the world exports but is he right to focus on deficits because that seems to be what's driving this global trade policy it's true and this is not new you know this is happened under every president since really the nineteen twenties or thirties they tend to view being a deficit is somehow problem remember lyndon johnson at the time introduced what they called voluntary export restraints from japan over textiles because they felt that the japanese were so competitive and destroying the american textile industry he didn't put tariffs on he hold back from sally that was it was well you know the japanese are very self disciplined so but many examples of this kind of way to navigate around the fundamental problem when i worked for ronald reagan in the mid nineteen eighties and we were negotiating uruguay round the remain impetus behind that was that the us had a trade deficit and if you recall the something called the plaza agreement which basically made the dollar much cheaper and it made the yen more expensive in an effort to fix the trade deficit and get americans stopped buying japanese cars didn't work because in the end the japanese cars were better than the american cars so america's bottom even though they were more expensive so this effort to fix trade deficits has a tendency to backfire is it kind of looking at the world economy in the global trade system in a very old fashioned way i mean so much of trade is now not in goods services so how does focusing on the trade deficit that and yeah and we're not very good at measure during services in any of the industrialized economies with vastly underestimate the flow of services across borders and this was the complaint that the canadians had the other day because the president so we have a trade deficit with canada but when you add in services they're about even but you know the american public that trump is trying to cater to they're not that interested in these fine distinctions they like his america first put up the barriers but the problem is that the purpose of trade policy really is to protect competition not to protect competitor's it's.

commerce department
"commerce department" Discussed on C-SPAN Radio

C-SPAN Radio

03:57 min | 2 years ago

"commerce department" Discussed on C-SPAN Radio

"That the commerce department is refusing to grant any exclusions from the quotas that limit the volume of steel and aluminum products that americans may import from certain countries what is national security justification for fusing to grant exclusions from quotas where in the same circumstances the same product would be excluded from tariffs thank you for that question mr chairman the president's proclamation does not authorize us to grant exclusions from quotas there are very few countries that have quotas in any event those are principally the mate most important one of which is south korea and that does have a quota which is equal to seventy percent of the average shipments product by product from two thousand fifteen through two thousand seventeen in addition brazil and argentina have agreed to quotas and so those three are fundamentally the quotas that exist we are taking into consideration requests that have been made for exclusions based on quotas that have already been exceeded or shortly will the problem is that a number of countries rammed in a huge amount of product prior to the president's decisions and therefore have put in much more than they had in the prior year so there's an intellectual challenge as to whether or not to reward those countries that were trying to game the system nonetheless we are giving real consideration to requesting the president to consider whether these similar exclusion should be granted to those countries subject to quota as opposed to the ones we are granting to those countries that are subject to tariff rates the process the commerce department is administering benefits requests productbased exclusions from the steel tariffs in my opinion many serious flaws and problems continue to surface for for instance subject to objection set a narrow view contained inaccurate incomplete or misleading claims and they would like to rebut those claims however i understand that the commerce department has provided no formal channel for submitting rebuttals on regulations dot gov where all of the requests and objections must be found well the commerce department except rebuttal comments on objections and if so we'll petitioners be able to submit their rebuttal through the regulations dot gov website like to put up chart number one which will describe to you these some statistics on the section to thirty two processing section to thirty two is an investigation it's invested a two thirty two investigation is conducted under the authority of the trade expansion act of nineteen sixty two the purpose of the investigation is to determine the effect of imports on the national security by type of submission in case of steel we have received twenty thousand over three exclusion requests and in the case of aluminum two thousand five hundred three totaling twenty two thousand five hundred six against those there had been objections filed.

chairman president brazil argentina commerce department south korea seventy percent
"commerce department" Discussed on Radio Free Nashville

Radio Free Nashville

01:50 min | 2 years ago

"commerce department" Discussed on Radio Free Nashville

"Sell cars in china and things like that but the chinese is a now we're not gonna do that and one of their companies z t e was facing over a billion dollars in fines this is a cell phone manufacturer they make some of the cheap phones that you buy as the little flip phones and burner phones and stuff so you've probably not heard of their name because they don't sell them under their own brand name but but z t e is the company and the core the core elements for cellphones and i believe it's the chip that makes the cell phone happened but whatever one of the core elements for cell phones is made the united states and z t wants to sell in the united states and z t is also selling phones and doing business with both north korea ran which are both violations of us sanctions so the commerce department said you know z t can't do business with the united states z t e complained to the president of china the president of china call donald trump donald trump tweeted too many jobs lost in china commerce department has been instructed to get it done to in other words to do whatever they want so much for being tough on china right now odds are that trump is doing this and if this is the case i'm not sure you know we should absolutely condemn him for this hypocrisy odds are that he's doing this because he wants he knows that the north korea deal is not going to happen without the sport of china so he's trying to play nice with china and this is part of the equation that previous presidents had about you know okay do we want to go after china trade or do we play nice with them but the.

china united states north korea commerce department president donald trump billion dollars
"commerce department" Discussed on Here & Now

Here & Now

02:02 min | 2 years ago

"commerce department" Discussed on Here & Now

"But if you work for the nsa fbi or cia then you may have heard of them because all three of those national security organizations have said that z t might be using their tech to spy on us consumers so in some trump isn't just reaching out to a foreign country to help their economy he's reaching out to help a company that it self might be engaged in cyber espionage against americans it's just an unbelievably strange announcement and makes you wonder what else is going on that we don't know and it was the us commerce department that said that z t e was violating sanctions remind us why to e was punished right right the commerce department banned american firms from selling parts to z t e that decision was in april and this came after z t was caught on top of everything else illegally selling goods to iran and so this was done trump's own commerce department banning american firms from doing business with this company after that decision the company realized or found that it was in terrible straits i think something like twenty five percent of its business is done with american firms so the trump administration comes to a decision that says we're going to punish this firms e t the firm is punished and then donald trump observing the punishment says no that's too far i need to walk this back and you have one has to be wondering what is trump doing and the twos sort of plausible motivations that i can think of is one this is about trade this is an adhoc maneuver to get china lift tariffs tariffs on us goods like agriculture or two this is about north korea and trump wants his upcoming visit that historic visit with kim jong un to go well and as a result he's lining up diplomatic support for that meeting and this might be a part of that diplomatic overture and in fact if it is about trade the wall street journal is reporting today that.

fbi us commerce department trump north korea kim jong un wall street journal cia iran donald trump china twenty five percent
"commerce department" Discussed on WJR 760

WJR 760

02:13 min | 2 years ago

"commerce department" Discussed on WJR 760

"Three from the weather channel i'm meteorologist mark sibito newstalk seven sixty wjr and we're looking at rain this hour and forty nine degrees and the dow has taken a turn for the worse the dow is down three three sixteen five again the dow is off three sixty five the nasdaq is down two hundred and twenty points i'm marie osborne wjr news our next updates coming up at four o'clock or whenever news breaks this is the guy gordon show on news talk seven sixty wjr ever taken a journalism class one of the things they try to teach is it there's no such thing as a dumb question that's probably true there questions it sound though arthur when you listen to some of these shows but there's a question that's coming under a heated debate right now that it may not be a dumb question but it is perhaps a counter productive question in that by asking it you may get fewer people that will actually answer it meaning the you're not gonna find out what you're trying to find out talking about the twenty two thousand census in news that came down late yesterday from the commerce department that is going to add a question into the census that i don't think he's been around since the nineteen fifties and there's a ring to ask people about their immigration status and while we certainly have a compelling interest in finding out how many undocumented people might be in the country and consuming resources there are fears that this could distort the results of this very important every ten year survey kurt metzger is one of the most data driven guys in fact he was the director of data driven detroit until recently and he's a good man to talk to about these things because nobody takes a deeper dive into these things and he does kirk afternoon thanks good good to be with you so just for those that are saying you know why why is this question so offensive tries to get to the bottom of the nagging problem we have in this country why shouldn't it be on the twenty twenty cents as well first of all it's not going to get at the nagging question and i think your term counterproductive is a great description it first of all the census is in the.

arthur commerce department kurt metzger detroit mark sibito marie osborne gordon forty nine degrees ten year
"commerce department" Discussed on AP News

AP News

02:26 min | 2 years ago

"commerce department" Discussed on AP News

"The commerce department says last month housing starts we're at a seasonally adjusted annual pays of one point two four million which wasn't expected decline after construction surged in january building permits an indicator of future construction tumbled five point seven percent builders have shifted more construction to single family houses is the economy's improved and the supply of existing houses for sales dropped but it's unlikely to offset rising costs and higher mortgage rates my lies on the lot like you let's neil young in his mid twenties and now at the age of seventy two he says he feels a sense of urgency to release archival material along with a new movie the film paradox written and directed by actress and neil young's girlfriend daryl hannah comes out on net flicks next week billboard calls it an impressionistic fable like tale starring young as the enigmatic man in black he's also releasing a soundtrack to the film the same day after digging into his vast archives young's releasing a one thousand nine hundred seventy three los angeles concert next month and he continues to move ahead with his vision to make his online musical archives the definitive repository of everything previously released or otherwise that he's ever recorded young tells the associated press he'd like to get it out there while he's alive so he can see how people like it more job cuts are coming outdoors retailer ll bean and there will also be no bonus for workers for the first time since two thousand eight the company said sales declined slightly over the past year and it's reporting annual revenue of one point six billion which was nearly flat for its fiscal year ceo steve smith says nearly five hundred workers took advantage of a voluntary early retirement program and another one hundred jobs will be eliminated next month the workforce reduction a tightening of the company's returns and shipping policies and pension changes are part of beans efforts to return to revenue growth easter is coming up and i just can't wait to have the whole family in one place and of course what's easter without an awesome easter brunch now i don't know about your family but mine is a little picky and i really wanted to impress them with something delicious a friend told me i should check out total wine and more it was crazy they must have every wine and beer imaginable i told one of their friendly experts my situation and they found me just the thing this sparkling wine is going.

commerce department neil young daryl hannah ceo steve smith seven percent
"commerce department" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:15 min | 2 years ago

"commerce department" Discussed on Bloomberg Radio New York

"Answer new site street insider reported the drugmakers approached about a possible takeover story saying a person claiming to have knowledge of the deal and didn't name the wouldbe suitor shire declined to comment to street insider troas all right thank you very much dave wilson tracking those american depository receipts again recapping on the markets we're seeing quite a sell off right now for the dow is down three hundred ten points it's down one point two percent the smp slumping one percent down twenty six nasdaq down seventy a dropped their of 1 percent gold down seven tenths of one percent i'm charlie pellett than that is a bloomberg business flash all right thanks very much charlie will last month minneapolis fed president neil cash qari told bloomberg the republican tax overhaul has boosted the american economy i've been surprised that the tax cut that the congress path and president side has led to a lot of optimism on main street about the outlook for the us economy and indeed investors today got solid proof of that optimism after the commerce department reported a boost in disposable incomes and that should provide a powerful tailwind for consumer spending for more let's bring in bloomberg news economics reporter show chandra slippy now in our bloomberg 991 studios in washington all right show so we gotta 0 points six percent bump in real disposable income the biggest jump in five years a whole lot of other positive indicators is is that in line with the expectations well the big jump it be so and disposable incomes really is giving you a sense of how the tax cuts have plagued out consumers seeing more money in their pockets and the commerce department pointed out that in the january data we had a 30 billion increase in one time bonuses if you recall many companies announced they will go to give bonton bonuses after the tax legislation was signed in december and then just lower taxes at a overall mean people have money to spend so a we are expecting that's what economists say that in coming months you will see that translate into higher spending as well so this report as we heard from jay powell this week on fed policy in the economy how did these numbers play in two fed policy going forward it was interesting we have a whole spate of.

dave wilson charlie pellett minneapolis president commerce department washington jay powell neil cash bloomberg congress us reporter one percent six percent two percent five years 1 percent
"commerce department" Discussed on KBNP AM 1410

KBNP AM 1410

02:03 min | 2 years ago

"commerce department" Discussed on KBNP AM 1410

"What is going to pass muster in what might not pass muster witness the att attempt to acquire time warner right i mean that soon to the latest example things maybe not going the way investors were they anticipate and so you see this tactic it's a couple areas that have my attention i pimm i want to hear what you have to say commodities get feel good doug west seattle a because you know there's been this ongoing antidumping effort on the part of the steel industry to make the us commerce department aware that what they believe is happening which is that the chinese have been subsidizing the steel exports to the united states this particular ruling has to do with steel those manufactured in china but then is finished in vietnam so it gets shipped from china goes to vietnam gets finished and then get shipped to the united states the ruling by the commerce department says they don't care really whether this is finished in vietnam or could be finished i dunno i guess in you know antitrust pellas david wilson says it's a really let it's a nice place the era but the point being that they are subject to the same oversight and rules an antidumping regulations as if it was all made in china as a result any company that has imported cold rolled steel from a chinese are a rich origin is going to have to put up with the positive put up money in order to make up the difference of what they didn't pay on the tariff and what the oh so this is going to be good for us steelmakers because it makes obviously imported steel either what you might call more competitive or more expensive and as a result us steel shares are up seven percent and ak steel holdings they're up more than five and a half percent but the i think that it's an interesting move and one that i confess i was not looking for the reason why it also caught my attention is because this is the time of year when a lot of big investors start making big calls and one call that is emerging is bullish on commodity here and this is sort of on the.

seattle steel industry united states china vietnam commerce department doug west david wilson seven percent
"commerce department" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:39 min | 2 years ago

"commerce department" Discussed on Bloomberg Radio New York

"The idea that you know the you would see this kind of a response from this administration the trump administration's interesting kind of contrast to what i mean there's no consistency at least at the moment you don't know what is going to pass muster in what might not pass muster witness the at t attempt to acquire time warner right i mean that soon to the latest example things maybe not going the way investors were they anticipate and so you see this stock so there are a couple of areas that have my attention i tim i want to hear what you have to say tell commodities get still are we gonna doug west seattle because you know there's been this ongoing antidumping effort on the part of the steel industry to make the us commerce department aware that what they believe is happening which is that the chinese have been subsidising their steel exports to the united states this particular ruling has to do with steel those manufactured in china but then is finished in vietnam so it gets ship from china goes to vietnam gets finished and then get shipped to the united states the ruling by the commerce department says they don't care really whether this is finished in vietnam or could be finnish i dunno i guess in you know antitrust palace david wilson chan said it's a really bad it's a nice place the right but the point being that they are subject to the same oversight and rules an antidumping regulations as if it was all made in china as a result any company that has imported cold rolled steel from uh chinese a ridge origin is gonna have to put up at the positive put money in order to make up the.

seattle steel industry united states china vietnam commerce department david wilson chan