20 Episode results for "Josh Zoom"
Trump's Mexico Tariff Threat Rattles Markets
"You might know ADP as the biggest name payroll, but that's just the beginning because ADP is transforming the way, great work gets done with HR talent time benefits and payroll informed by data and designed for people, that's ADP always designing for people. President Trump's threat to impose escalating. Tariffs on Mexico rattled markets, on Friday and threw into question the new trade agreement between the US Canada and Mexico. This makes any observer wonder whether or not this station is, is capable of making big trade deals or whether it actually, desires to make big trade deals. So it just induces, a huge amount of global uncertainty in that sense. Stocks and bonds fell around the world and here in the US the Dow fell more than three hundred points on Friday, marking its sixth straight week of declines and its longest losing streak since twenty eleven this is what's news from the Wall Street Journal. I'm Anne Marie for totally in New York before we get to our main story on tariffs here are some other top stories we're following today the US and South Korea are investigating a report from defectors that says North Korea executed several members of its negotiating team after February talks in Vietnam between President Trump. And North Korean leader. Kim Jong UN fell apart. The defectors say multiple North Korean diplomats were executed in March, and that others were demoted or purged. White House press secretary, Sarah Sanders told reporters quote, where monitoring the situation and continue to stay focused on our ultimate goal which is denuclearization. This may was among the worst on record for tornadoes in the United States. More than five hundred twisters were reported across the nation this month as part of storm systems, that also brought major flooding along with them in areas around the Missouri Mississippi and Arkansas rivers the Wall Street Journal's. Erin Aylward has more on the damage tornados were reported from California to New Jersey this month. But the majority of tornado activity was really concentrated in the central and south central US, and it's been pretty bad. I mean, seven people were killed at least seven people that we know of and major damage was reported in places like Jefferson City, Missouri. Kansas City, Kansas, and in Dayton, Ohio Dayton was actually pretty hard hit on Memorial Day, which will remember was the worst day of tornado activity so far this year. I was chatting with the sheriff in Montgomery County. That's where Dayton is located. He was. Telling me about that Memorial Day. Seven tornadoes were reported in his county alone and the storm that spawned them, according to him was pretty gnarly. He described essentially seeing a tornado and feel it. So the arrow away and then trying to navigate around bunches of down trees and power lines on streets that were lit only by flashes of lightning as deputies went door to door to warn people in all of this was happening at night. So made it an extra dangerous situation. Now that the storms have passed it's all about assessing the damage that's left behind the experts coming out to confirm tornado activity and, and rate, how, how intense these twisters were all of that, of course, will take time may of two thousand three was another record month for tornadoes in the US with five hundred forty two reported just that month the food and Drug administration is looking into the safety of food and few. Used with chemicals from the cannabis plant kind of Odile or CBD has become a popular ingredient in foods and drinks, even though many uses or still technically illegal under current FDA rules heme, which contain CBD had previously been on the drug enforcement administration's controlled substance list, and experts say, as a result, there's little research on it hemp, farmers are among the groups hoping to promote water use of CBD, the FDA held its first hearing on the safety and marketing of chemicals from the cannabis plant on Friday, which could eventually lead to new regulations. You might know ADP is the biggest name in payroll. But that's just the beginning because ADP is transforming the way great work gets done with HR talent time benefits and payroll informed by data and designed for people, that's ADP always designing for people. President Trump has threatened to impose escalating tariffs on Mexico starting at five percent next month. If the country doesn't take steps to stem the flow of illegal immigrants across the border. The president's top trade advisor, Robert lighthizer has reportedly opposed the idea over fears, it could up into trade agreement between the US Canada and Mexico. Joining me now, from Washington with the latest is Wall Street Journal reporter, Josh zoom Brune, Josh fair to say this came as something of a surprise on Thursday evening with President Trump announced his plan to impose escalating tariffs on Mexico via Twitter. Yeah. I mean this really came out of nowhere, and the main reason for that is because the administration had launched earlier in the day, a real charm offensive to try to get its trade deal. You know, the administration spent a year working, extremely hard to get this deal between the US Mexico and Canada replaced, the old NAFTA deal and just yesterday, the vice president was in Canada, with the prime minister Justin Trudeau. And they were talking about this deal and how important it is. And how they were how it had renewed momentum. And then later in the evening, completely kind of unexpectedly to president decided to announce that he was putting these new tariffs on, on Mexico, which puts the entire NAFTA deal in pretty serious jeopardy. So what do we know about what led the president to take these steps as we're reporting today behind the scenes? There has been some pushback about the president's plan to impose these tariffs with US Trade Representative Robert lighthizer fearing, it could jeopardize that agreement. Yeah, exactly what they used emergency. They used the emergency Powers Act, which allows the president to do this on the basis that there's a national emergency at the border, and I think by all accounts, the president did do this because of the concern about the number of migrants that are showing up at Mexico's border in the US administration's belief that Mexico isn't doing enough to stop these immigrants. Many of them are coming from Wadham all actually where there's a severe drought. Inner trying to get to the United States and then. The US thinks that the Mexican government isn't doing quite enough to stop it. The US is trying to portray. This is just a completely unrelated to trade action. You know, the president's acting chief of staff, Mick Mulvaney, made that point explicitly saying this isn't a trade action. This is about the immigration crisis at the border right now. But of course, you know, this is a trade action. It applies tariffs to three hundred and sixty billion dollars worth of trade becomes into the United States from Mexico every year. So they might have motivated this because of their concerns about what's going on, at the border, but this is certainly a very consequential consequential trade and economic action that they've launched here. Do we have any specific? Details about what exactly President Trump wants Mexico to do in terms of taking steps to stem illegal immigration. And what are we hearing from Mexico? Mexico is very concerned by this action, of course. And they sent their foreign minister and a delegation to Washington today to kind of start talks right away to the US to. Kind of let them know that the situation from their perspective in what they think they're doing about it. The, you know, a US basically hasn't said specifically, what it wants Mexico to, to do other than to kind of reduce the number of people that are showing up at the border. And this, of course, has been rattling markets, not just in the US, but also worldwide. Yeah, I mean, this is such a big trade action. I, I again, it's three hundred sixty billion dollars roughly of goods that come to the United States from Mexico every day. And a lot of these are goods that had previously avoided the trade War, I mean, almost seventy billion dollars of cars and trucks comes into the United States from Mexico each year. A lot of the main car manufacturers, including the American manufacturers, GM, and Ford have enormous operations in Mexico close to fifty billion dollars of car parts comes across the border every year. And a lot of that is stuff that goes back and forth, multiple times because because we've had this NAFTA deal, these companies GM and Ford. And the international automakers as well. You know it's not unusual at all for part to cross the border multiple times before it makes it into a finished car. And now every time that part crosses the border, it's going to get hit with the tariff again. So this is just tremendously disruptive to the car industry. And then the reason I think it's rattling markets, more generally is because it really raises questions about the ability of any country to make deals with the United States. I mean Mexico is a country that spent an entire year, negotiating a very careful trade agreement with the United States, and then they got hit by this tariff that could become giant over time. I mean this could become the biggest tariff action, the administration has taken, and so if your China or Japan or the European Union, and you're trying, you're considering making a deal with this administration. You have to kind of wrestle with the possibility that you could make a deal work really hard on it, and get everyone to agree to it. And then a few months later, the US would decide to hit you with tariffs, and so it calls into question the entire. Fire ability of this administration to, to make any deals. I mean they've yet to make a real big trade deal. And this kind of makes you wonder whether or not I think this makes any observer wonder whether or not this administration is, is capable of making big trade deals, or whether it actually, desires to make big trade deals. So it just induces, a huge amount of global uncertainty in that sense. That's the Wall Street Journal's Josh zoom. Brune with the latest on President Trump's plan to impose new tariffs on Mexico. Josh, thank you so much. Big so much for having me. And for the latest developments on this story. Please be sure to check back on our website w s j dot com. This spring marks the thirtieth anniversary of the military crackdown in Beijing's Tiananmen Square. Our video team spoke to rose Tang an artist and activist now, living in Brooklyn, who joined pro democracy protestors who occupied the square for two months. She said she and many others were willing to die for democracy. I was twenty in nineteen eighty nine. Imagine millions of people were out in the streets, including kindergarteners elementary school, students chanting slogans about democracy of press freedom. And the hunger strikers, were on hunger strike for weeks and the government did not respond an I thought that was a historical event. I couldn't afford to miss the Chinese military led a crackdown on protesters on June fourth nineteen Eighty-nine Tang says thirty years later, it remains a taboo topic in China and she feels she has to continue speaking out, I moved to the United States. From Hong Kong in two thousand and five I feel as a survivor cook can write and speak English very oil. It's my duty to keep telling the world what happened back then I'm an ordinary person, a small potato, but I won't shut up. I will just keep talking about it, raising the awareness of ten Nemann and other human rights abuses, in China and elsewhere. It's best slogan, the subway. If you see something, say something for our full coverage of the thirtieth anniversary of the military crackdown in TNN square, including this, video and interviews with survivors police, head to our website, WSJ dot com. That's what's news for this Friday afternoon. I'm Anne Marie for totally for the Wall Street Journal. Thanks for listening.
With Fewer Shopping Days This Year, Will Gifts Arrive on Time?
"The Wall Street Journal listeners. Come from all walks of life and business and no matter what type of business urine eighty P is here to help you achieve what you're working looking for with. HR talent time benefits and payroll informed by data and designed for people learn more at design don ADP DOT com. President trump wants to raise tariffs on Brazil and Argentina. Saying they're manipulating violating their currencies. Put you communists agreed. A winter storm continues up. Ending travel in the northeast and there are fewer holiday shopping days this year. Career gifts arrive on time again. Say Shop early and don't leave anything for the last minute especially if you're shopping online because you're gonNA need a couple of days to get to you. It's Monday December second. This is the PM edition of what's News From The Wall Street Journal. I'm Anne Marie for totally. In New York. A powerful winter storm continues to disrupt holiday travel bringing rain and snow to a large swath of the northeastern United States. The National Weather Service issued a winter winter storm warning for seven states from Maine to Pennsylvania with up to twenty inches of snow expected in some areas. More than sixteen hundred flights were cancelled on Sunday. The busiest travel day of the year. As of this afternoon over six hundred flights were cancelled and there were thousands of significant delays within into or out of the United States. The storm was expected to linger over the East Coast into Tuesday for the latest. Please head to our website W. J. DOT COM president. President trump is defending his administration's decision to skip an impeachment. Hearing this week speaking to reporters on Monday criticized Democrats for holding the Judiciary Committee Mitty hearing on Wednesday when he'll be in the UK for a NATO summit trump also referenced comments by Ukrainian President Vote. Amir's Alinsky in an interview with time and three International for national publications. Celeski told them he had never discussed any quid. Pro Quo with trump. Several witnesses have testified to impeachment. Investigators that they I believe there was a link between freezing nearly four hundred million dollars in. US Aid to Ukraine and investigations. Trump wanted the country to pursue president. Trump's uh-huh reelection campaign says it won't approve press credentials for reporters from Bloomberg News. The move comes after Bloomberg News announced last week that it would no longer investigate any democratic presidential candidates while its owner former New York City mayor Michael Bloomberg is running for president. Bloomberg News said it would continue to investigate trump and his administration administration. It's unclear at this point. What impact the trump campaign's decision to withhold credentials will have without a similar restriction from the White House? Bloomberg News has a permanent imminent seat in the White House. Press Corps Travel Pool Wall Street Journal. Listeners come from all walks talks of life and business and no matter what type of business you're in. ADP is here to help you achieve what you're working for with HR talent time I'm benefits and payroll informed by data and designed for people learn more at design done. Eighty P dot com in an announcement that came as something of a surprise on Monday. President Trump said the US would raise tariffs on steel and aluminum imports from Brazil and Argentina. Trump accused those countries of manipulating their currency. The reality and the peso to devalue them and he said that was bad for. US farmers but economists disagreed with the president's assessment. Our Josh Su Brune explains the currencies of Brazil and Argentina are down. There's no doubt about that if you look over the last year and a half but the reason for it most economists and analysts will say has nothing to do with manipulation. These aren't governments that have been intervening in their currency currency markets in any sort of direct way in fact these are countries that have been pretty battered economically and so their currency is declining because of their weak economy in the case of Argentina. The country's been through a severe currency crisis and the plunge in its currency has been actually a disaster for Argentina not something that's been beneficial to the country at all now. It is true that having a weaker currency helps your farmers a little bit but the main thing that's been helping the farm sector in those countries has been the US China China trade war during the trade war China's stopped purchasing US agriculture to a large extent especially from about a year ago until about three months ago they'd really stop stop doing purchases from the US but they still needed soybeans and other food products. So they were getting them from South America especially Brazil. Brazil has been a big winner of the trade war because all all the stuff the US China now Brazil was selling it to China so there is a connection to to trade and there is a little bit of a connection to a weaker currency but the president's scenario where the weaker exchange rate has been manipulated and bats. The reason for farm exports growing in those countries really doesn't make much sense to most economists listen analysts. The trump administration had granted waivers to Brazil and Argentina from global tariffs of twenty five percent on steel and ten percent on aluminum which which at first imposed in two thousand eighteen Monday's announcement Ronald markets sending. US indexes down for the day. One of the things that was so surprising about this action. Today is that otherwise. The trump administration seemed to be moving toward making a little bit of peace on the trade front. You know they're very close. It seems to getting a deal on the new. US Mexico Canada agreement the US and China are in pretty intense negotiations towards a phase. One trade deal there the. US You know just struck a deal with Japan. They just just finalized in October. So you know there are a lot of signs that things were getting better on the trade front and this action has really unsettled markets by suggesting that the president might still have this urge to you pick trade fights even as he is resolving some of those earlier battles. That's the Wall Street. Journal's Josh Zoom Brune. The White House didn't immediately release details on trump's trump's plan to raise tariffs on imports from Brazil and Argentina. Thanksgiving fell late this year. The latest at possibly could actually on November twenty eighth that means six fewer days to deliver an estimated two billion packages. So we'll we'll delivery companies be able to keep up in a shorter holiday season our palsy. Oh Bro has been talking to some of them and joins me now Paul. When was the last time the holiday a season was this short? And how delivery companies fair back then so you have to go back to two thousand thirteen which is a pretty long time in ECOMMERCE e commerce sales were about half of what they were right now and there were certainly some problems that you're in those twenty six days. I don't know how much of it was due to the short calendar but there were some storms and there was also problems problems at the last minute were shippers just dumped a lot of packages into the ups and Fedex and others networks at the last minute and ups sort of famously wasn't able to handle it that well and there's a lot of lot of Christmas trees without their presence underneath it. Let's say at the end of the at the end of the day. So they shippers had issue a lot of refunds. You know it's kind of a black black eye for the industry there are certainly. They've learned their lessons from that. They've though six years ago and they said six years time to figure out what went wrong and where they have to get better before two thousand nineteen. Were this Athens once again. So this year much different especially in terms of e commerce as you mentioned. It's estimated that delivery companies will oh have to deliver more than two billion packages and we're talking about six fewer days here but you talk to Fedex. UPS USPS and. They're pretty confident they can manage this. So tell us what they've done to prepare a better in the past six years right so first off over the fact six years I think one of the the key things they have is they have just six years of learning to learn what works and what doesn't and what they need to get better at and some things that they've done also is they're just much bigger more armature networks. They've added lots of sorting capacity lots of newer facilities that that sort packages you know with with automated equipment. They've also so started delivering on Sundays and Saturdays largely in many places so that kind of sort of negates the the difference because back then. They weren't delivering on Saturdays and Sundays as much now now. Pretty much. Every Saturday and Sunday there's ups and Fedex trucks and Postal Service employees out there delivering packages. They've also got a lot of new technology that can help them manage manage manage the season. These flows of packages to make sure that they're not sending packages to hubs that are kind of packed and not not able to handle them anymore. So those are some of the smart things are doing. And lastly there I think after twenty thirteen. It was really a reckoning for the industry where they realize they need to work really closely with retailers to manage package volumes and they have to make sure they they stick to it. There can't be any you know unplanned last minute sales Dell's that'll you know 'cause a lot more orders because that really wreaks havoc on the delivery systems and nobody wants to see that happen because you know that was just a really bad outcome for the holiday season back then and what about Amazon which is increasingly delivering more of its own products. Now right so another. Big Change from twenty thirteen Amazon has a very very large delivery network built out one projection. Says they're going to be delivered. Two hundred seventy five million packages which is more than double from last year on their own through their own delivery service partners owners back in two thousand thirteen Amazon. It was kind of a kick in the pants for them to start adding sorting quick adding adding trucks adding delivering drivers and kind of building thing out what ups and Fedex had done for them because they didn't think that those companies had facet available to handle what their future needs would be and so there are at a point where they're really big part of the delivery picture for this holiday season as as ups and Fedex. Postal Service are any final message for for consumers. I think anybody who say shop early. And don't leave anything for the last minute especially if you're shopping online because you're gonNA need a couple days for it to get to you all right Wall Street Journal reporter Palsy Abro joining me here in our studio in New York. Thank you so much Paul. Certainly some things to keep in mind if you're taking advantage of sales on this cyber Monday. That's what's news this afternoon. I'm Anne Marie for totally for the Wall Street Journal. Thanks for listening.
Should the Census Have a Citizenship Question?
"Join the Wall Street Journal may twentieth. Through the twenty third in New York City for the future of everything festival here from over seventy five renounce, speakers and visionaries touch taste and interact with the products that are redefining tomorrow. To learn more buy tickets. Visit our website at F O E festival dot Debbie s j dot com. Twenty percent off with code podcast, the supreme court hears oral arguments about a census question on citizenship. There's reason to believe that already the trend is going to be toward this census being much worse in quality than the census ten years ago and Sri Lanka continues to investigate who's behind a series of deadly Easter bombing that have now killed over three hundred people. I think they're highly connected. Become us is bull ISIS my personal last. It's a big day for corporate earnings. This is what's news from the Wall Street Journal. I'm Kim get all sin. Let's get started. Now before we get. Our main story this morning a lawsuit over a potential citizenship question on the twenty twenty census and what it says about our overall willingness to participate in surveys. Here's what you missed overnight. The death toll from a series of deadly bombings on Easter Sunday in Sri Lanka continues to rise as of this morning, at least three hundred ten people have been killed. Investigators are now focusing on an obscure group national thou teeth Jaama that they believe might have been responsible for the attacks. But they've cautioned that the sophistication suggests that the group had helped from international terrorism experts Indian and US officials had worn Tra Lanka in early April about the possibility of an attack Rajon Roman Yawkey is Sri Lankan government minister. How is my personal view? I don't know why tiller is people the this brutal terrorist. Groups. Why found why right they money tan by the civic our country to me and Mars supreme court has upheld the conviction of two Reuters reporters while loan and Josu they'd been arrested and sentenced to seven years in prison for their coverage of the military's crackdown on ethnic Mahinda Muslims. This was the last avenue of appeal available to the two who were awarded the Pulitzer prize for international reporting along with their colleagues earlier this month, the upheld conviction raises questions about press freedoms and the extent of the countries transitioned democracy under an son Sookie also under no obligation to release his tax returns. It's become a tradition. I know Ronald Reagan, I think released one year of tax returns, and he wasn't real happy about the invasion of privacy. When he did it. And that is a vice President Mike Pence in two thousand sixteen defending President Trump's decision not to release his tax returns something that continues to this day. But here. Here's something you might not know Mr. Pence has filed three tax return since taking office, but he hasn't publicly released any of them. That's a break from his predecessors going back to Walter Mondale in the nineteen seventies all have disclosed their returns. Mr. Pence office has said that he's following Mr. Trump's lead by refusing to release returns until audits are finished. Now, our big story this morning. It has to do with the census today. The supreme court will hear oral arguments in a lawsuit over whether or not the twenty twenty census should include a question about whether or not someone is an American citizen. It's controversial because opponents say that question could make minorities end immigrants reluctant to participate. But as Charlie Turner has been finding out from our international economics reporter, Josh some Braham. The census case has raised another big question about our overall willingness to respond to surveys, Josh intertwined with the suit as a more general problem, and that is fewer and fewer Americans are responding to government surveys. Isn't that right? That's correct. And it's a problem. That's so much worse. I think than most people realize I mean here at the Wall Street Journal, we regularly writing stories about the unemployment report or will mention the poverty rate will mention in economic inequality or we'll talk about inflation. And all of these statistics that we talk about come from these. Government surveys that a generation ago. Everybody who got the government survey pretty much responded to it. You'd see you know, they'd send the survey out and ninety percent or ninety five percent of people would fill it out. And so the statistical quality of it was really high. But what's happened over the past twenty thirty years? Is it the rates that which people respond to these surveys have gradually been falling across the board. I mean, it's true in economic statistics true in health statistics demographics. Now, you have, you know, thirty forty in some cases, more than fifty percent of the people who are getting the survey they're not responding to it. And so you don't know that the answers you're getting any good anymore because you're not really getting a random sample and the only reason surveys are work statistically as if they're based on a random sample. And so it really looks like it's a big problem in in all sorts of government data, and it means that allow the statistics that are out. There are a lot worse than we realize. Well, the next question is why are people more worried about things like? Privacy and also spam? And the concern that they're being sold a Bill of goods, you know, it's basically a marketing call I think it's all of those things it's it's how often people are surveyed, you know, you walk in and you buy a coffee, and they try to get you to rate the experience one to five stars. I mean, you're buying coffee and you'll get surveys. You know, there used to be a lot more families where only one person in the family worked outside the home. And you know, there was the other person who's kind of there to to answer surveys. And so you just had a lot of reasons that there used to be more response. People used to be more willing to participate. People are concerned about privacy. They're concerned about being sold things. I mean, you add it all up, and there's just been a collapse and one of the things that's really important. There is to note that some of the people that aren't responding might all have a lot of things in common. So if you think about where both spouses work outside the home, if families like that aren't responding to economic statistics think how different your economic statistics are going to be if you're only sampling the families where one of those people is. Inside the home to answer the family. Suddenly, you're not getting a random selection of the population to all you're getting a very non random group of people in that leads to all sorts of distortions statistics. So it's a really interesting and significant challenge not only are people less likely to answer surveys than they used to be. But there's actually growing evidence that people are doing a worse job of answering surveys when they do respond. The the takeaway from all this is that whatever the outcome of the supreme court cases. There's reason to believe that already the trend is going to be toward the census being much worse in quality than the census ten years ago, and the supreme court decision this case could potentially exacerbate the problem pretty significantly joining us from Washington Wall Street Journal reporter, Josh zoom Brune, thanks a lot. Josh, thanks so much for having me, you can find our full coverage of that hearing and Josh's story about the problems of data collection at WSJ dot com. WSJ wine is celebrating. Ten years of wind discovery. With a limited time offer on our top twelve wines, featuring gold medal winners ninety plus point blockbusters and five star favorites as a special bonus you'll enjoy to luxury reserve cabernet as from an iconic Napa estate and complimentary glasses. Join the party and save over one hundred and sixty dollars at W S. J wine dot com slash go or call eight seven seven nine seven five nine four six three. Onto markets. It's the busiest week of the earnings season with one hundred and fifty s and p five hundred companies reporting results this week. Here's our hurt on the street columnist. Mike Byrd with how investors have been taking the results into a monster week for US Cobra earnings for the bus American companies reporting results this week, Microsoft, Starbucks and fold a just some of the names reporting in the days to come US Stokes at just shy of the record highs. They reach in September last year. Investors are on the lookout Sohn's financial sickness and health from the results. The good news is so far innings at coming out stronger than analysts expected, but the bad news is at the companies all beating earnings expectations of Bali being rewarded by investors right now. Coatings finalists of Bank of America, Merrill, Lynch. In contrast, those have worse quarters than analysts expected have been taking a beating in financial markets the day afterwards. So keep an eye out for any major MRs on ending. Things seem to be carrying heavy penalty than usual this ship. And now this guide. Here's what to look forward to later today. One key company, whose earnings investors will be paying attention to today is Twitter. The company reports earnings before markets open Twitter has struggled to grow the number of users who want to send out their thoughts and one hundred forty characters or less one key issue. It's been struggling to rein in toxic behavior. Chief executive Jack Dorsey has said that Twitter wants to do more to alleviate the burden of reporting abuse from victims also pay attention to oil prices today as we mentioned yesterday, the Trump administration ended waivers for countries. Still currently buying a rainy an oil, which is now subject to sanctions. Here's secretary of state, Mike Pompeo. We will no longer grant any exemptions. We're going to zero going zero across the board the end of that waiver program caused oil prices to surge to a six month high yesterday, so pay attention what happens today because rising oil prices could exert upward pressure on gas prices. Just as we all look at planning our summer holiday travel. Finally, here's a fun story for you is a jeopardy whiz. America's best sports story James holes Hauer from Naperville, Illinois has one eight hundred fifty one thousand nine hundred twenty six dollars over his first twelve episodes. That's a rate of accumulation never seen in the programs thirty five season history. Have you been watching give us your best quiz questions? Tweet us a WSJ podcast or Email us at what's news, all one word wsJcom. That's what's news from the Wall Street Journal. Thanks for listening.
The Patchwork of Policies Behind a Surge in U.S. Coronavirus Cases
"The end of the article isn't the end of the story. The Journal podcast goes behind the scenes with reporters and covers everything from the Mormon. Church's one hundred billion dollar fund to Corona. Virus listen to the Journal on spotify or wherever you get your podcasts. A look at the confusing patchwork of policies behind the surge in US corona virus cases. You're just get this effect of just a very sort of inconsistent, sometimes haphazard approach in which wondrous diction is going at it one way and another in a completely different. Plus president trump cast doubt on reaching phase to trade deal with China. It's Friday. July tenth. I'm emery for for the wall. Street Journal. Here's what's news. US stocks closed out the week with gains despite fears over surging cases of the coronavirus in several states, the Dow is up one percent for the week. The S. and P. Five hundred rose one point, eight percent, and the Nasdaq was up four percent. A German biotech company says it's confident. It will have a corona virus vaccine ready for regulatory approval by the end of the year by in tech, is one of seventeen firms that have begun human trials on a covid nineteen vaccine. Our reporter Blonde. Panchev ski has been following the company's Progress Doktor Shaheen Deseo. told me that he is absolutely confident that his vaccine, which is based on a very novel technology called 'em Rene. Will be a great success. This is however it's important to say untested technology technology that has not been used on humans outside of clinical studies by intact along with its partner Pfizer plan to begin the final stage of testing at the end of the month. President trump says he's no longer thinking about negotiating a phase to trade deal with China. He says the coronavirus pandemic has damaged the relationship between the two countries. The US and China signed as one of the deal back in January. Our International Economics correspondent Josh Zoom Brune has more on the prospects for getting back to the bargaining table. This kind of puts into question. The broadening of what was accomplished in January if. If, it was a phase one trade deal with more to follow. That's obviously a lot more significant than if the phase one deal is actually phase only, and there's never going to be kind of anything more from this administration, and that's looking likely to be the case. It's GonNa. Probably be a long time before us in China relations. Get back to the point where they can sit down and negotiate face to. One reason for that is that the issues that were being left for phase two. We're actually harder than the ones. They agreed to in phase one. That's Kinda why they put them off because they're harder and so, there's really very little hope now that they're going to be able to get to those issues anytime soon. And we report exclusively that American Airlines is threatening to cancel orders for Boeing seven thirty-seven Max jets people familiar with the matter say American is struggling to secure financing for seventeen jets amid pandemic. That's decimated demand for travel. Boeing's Max Fleet was grounded in March of last year after two fatal crashes, regulatory approval for the jets to resume service is expected in September. Coming up after the break US policy and the pandemic. When the world is at a standstill facts can move us forward. Facts help us make decisions and bring us together, even as were apart the Wall Street, Journal has the facts in these uncertain times get the latest on the corona outbreak with free coverage of the crisis and its impact on the economy, politics, culture and daily life. Find the clarity. You need with America's most trusted news source, visit wsj.com and stay informed. New confirmed. Corona virus cases in the US continue to surge hitting a new daily record of sixty three thousand yesterday four months into the pandemic, the US now accounts for nearly a quarter of all cases globally. The Wall Street Journal took a look back at how we got here. And how mixed messages from authorities and a patchwork of policies have made it more difficult to contain the virus joining me now with more details as our reporter, Arian, Campo Flores. On you looked into failures at several levels of government that have contributed to the surgeon cases. We're now seeing in states across the country, particularly in the south and West. You're in Florida. Tell us what you're hearing and seeing on the ground there so in Florida you know the State had fared relatively well in the early going with the pandemic, as the number of cases with surging and a lot of other parts of the country, they remained relatively manageable in Florida. But. That began to change as a state loosened, and more restrictions opened up. Restaurants opened up bars and people began to congregate more and so what we've seen in recent weeks in Florida are skyrocketing numbers records being broken on an nearly daily basis at times, part of the issue that critics have raised when it comes to Florida is that. There hasn't really been a one single clear coordinated statewide response. To Alvis is handled it. WHAT THE GOVERNOR! Rhonda Sanders has done instead is deferred much of the decision making to local governments and has led cities and counties decide. What they're going to shut down what they're going to reopen when they're going to reopen it, what that is created is this kind of patchwork effect where you have you know different parts of the state, even sometimes neighboring cities and counties with different policies in place, which creates a bit of confusion for people who are just trying to navigate what the rules are, and you had this playing out in other areas across the country as well situations where authority on the decision making was passed down from the federal level to state authorities, then two localities. What did you hear from experts about the necessity of having a clear national plan throughout the course of a pandemic? So epidemiologists think that enlarge part. It makes sense to have a nationally focused. Uniform response to pandemic because pan-demic. Knows, no boundaries knows the city or county or state boundaries a- pandemic spread, and so by having kind of centralized and coordinated response. It allows you to for instance build up an effective nationwide testing program that ensures that where the tests are needed most. They're being sent. It allows for the creation of a contact tracing program that permits governments to respond very quickly to flare ups of the virus. That is something that we've seen effective in other countries in places like South, Korea, even another federalist states like Germany they've managed to work this. This out more effectively than we have in the US, and so you know this is an instance where, by deferring so much of the decision, making to states who, then in turn, often defer the decision making to local governments, you just get this effect of just a very sort of inconsistent, sometimes haphazard approach, which wondrous, Dixon is going at it and one way and another in a completely different way. We've also seen a shift in the federal response since the start of the pandemic, and in terms of giving states more authority or less authority. How is that shift factored into what we're seeing playing out across the country right now? Observers of how the administration has handled. This response are critical of. Mixed messages that have come from the federal government so for instance on the issue of masks early on there were statements made from the administration that people should not be trying to get hold of masks because they weren't effective, and the concern at the time was that there was a shortage of masks, and they wanted to ensure that people weren't grabbing them in depriving those who are on the front lines, first responders and the like. Like from getting what they needed that obviously changed over time, and now we get a message that masks are actually very important response and a very important tool that people should be using and so there's a lot of encouragement to use masks. Another example is mixed messages in terms of how to go about the reopening. You know you had president trump at times cautioning the opening process needed to be methodical and then at other times. Prodding and goading certain states that we're being hit by protests about the speed of the reopening, telling them they needed, they needed to quote. Liberate themselves, so the the effect again is that it's a lack of clear uniform guidance for governments to follow, and instead you know a lot of confusing messaging. The federal government responded to questions about National Strategy and questions about weather, and how it's working with states during the pandemic administration officials say that. They have been working hand in hand with states each step of the way ensuring that they are getting the equipment that they need. The testing supplies the kits. All the resources that would help help them respond effectively. They also say that you should pay attention, not just to the the numbers of cases, but to look at the tally of fatalities which they point out on a per capita basis is actually lower than some European countries. They also say that the US is kind of a unique creature in. It's a very large diverse sprawling country we face. Economic pressures to reopen compared to Europe and that there's less of a safety net for workers in the US. Compared to some European countries, and so there was more pressure to get. The economy geared up and back in action. You also spoke to some public health experts about measures. They believe the federal government could and should be taking now to help. Tell us more about what you heard from them. Well one one example would be that you know the US. In place a really effective contact tracing program, you know the point of doing the lockdowns, and you know forcing people to stay at home, and essentially shutting down the economy for a few months was to give the country the time and the space to be able to ramp up its response and part of that would have involved having a really robust. To quickly identify all the people that newly-infected folks were coming into contact with to try to stamp out those flare ups another thing that happened He. said. We could have done better was a more comprehensive lockdown you know. He pointed out in an interview with us that whereas in the European Union, you know you had basically nearly ninety percent of the country effectively locked down. The percentage in the US, more fifty percents it was, it was significantly lower, and so you had we. We were never really able to get our baseline case count. Down really far enough to be able to then stamp about flare ups more effectively. That's Wall Street. Journal reporter Ariane Campo Flora Rei. Thank you so much for joining me more pleasure. Thank you and that's what's news for this week. Our hosts army and Marie for Tony and Mark Stewart. The show was produced this week with help from mark. Garrison Qatari Yokum Sam Western and Kristen, XLII. We'll be back on Monday morning. Thanks for listening.
U.S. Formalizes China Tariff Plans; Lawmakers Hold Barr in Contempt
"Striking scenery world-class music and film festivals and authentic. Character are just a few reasons why telluride Colorado is a favorite summer destination. Telluride offers endless outdoor activities catering to all passions and tastes. For more information. Go to visit telluride dot com slash W s j. The Trump administration has formalized plans to raise tariffs on China would go in and be different about these tariffs that could hit on Friday is that they're gonna fall really heavily for the first time on consumer goods. You're going to be looking at twenty five percent tariffs on nearly fifty billion dollars worth of consumer goods. Plus the fight over the Muller report. Intensifies and Uber prepares for its public debut. This is what's news from the Wall Street Journal. I'm Anne Marie for totally and New York before we get to our top story on trade tensions between the US and China. Here are some other stories we're following the battle over the Muller report is likely to end up in federal court after the House Judiciary committee voted twenty four to sixteen in favour holding attorney general William bar in contempt for failing to release the full version. Wednesday's vote came hours after President Trump asserted executive privilege on all the material in the report. The contempt resolution it still needs to be approved by the full house, but has the support of democratic leadership for the latest developments on the fight over the Muller report. Please head to our website, WSJ dot com or the WSJ app. President Trump tweeted on Wednesday in response to a report from the New York Times this week that showed he claims losses of one point one seven billion dollars from nineteen eighty five to nineteen ninety four and paid no income taxes in eight of the ten years. Trump tweeted, quote, you always wanted to show losses for tax purposes. Almost all real estate, developers did and often renegotiate with banks. It was sport the times reported that Trump claimed more losses than any other individual tax payer in the US over that period. Trump has refused to release his tax returns citing an audit. Uber is expected to price is initial public offering at the mid point of its target range between forty four and fifty dollars a share or about eighty to ninety billion dollars accord. To the Wall Street Journal. The company is pitching investors ahead of setting the price of its shares on Thursday, the ride hailing giant makes its public debut Friday shares of rival lift which debuted in March how fallen more than twenty percent from their peak at caution to what's expected to be a big year for tech IPO's. Striking scenery world-class music and film festivals and authentic. Character are just a few reasons why telluride Colorado is a favorite summer destination. Telluride offers endless outdoor activities catering to all passions and tastes. For more information. Go to visit telluride dot com slash W s j. The Trump administration has formalized plans to raise tariffs on two hundred billion dollars worth of Chinese imports on Friday. The office of US Trade Representative Robert lighthizer filed paperwork on Wednesday a day ahead of a planned. Visit by China's top trade envoy to resume trade talks in Washington. Joining me now from Washington with the latest details is the Wall Street Journal's Josh zoom Brune, Josh this seems like a move to raise the stakes and the pressure ahead of Thursday's meeting between the US and China. What does filing do exactly well over the weekend? President Trump had threatened to do this and said that the US was going to move forward with raising these tariffs, and what's emerged since then is that the US decided to take some tougher action because they feel that China has backslid on some of the commitments to hit made earlier in the talk said that one point it had said it was willing to do, you know, make bigger commitments in the US view. And that is some point at walked away from those. At this point. We don't know exactly what it was that China promised and then decided not to move forward with. But at any rate, the US said they were going to do this in the step today shows that they really are. I mean, this is the paperwork that the that the government has to file for the tariff increase to actually go into effect. The tariffs will take effect higher terrified. We'll take affect on Friday now because they've got this paperwork in motion. Now at the same time the pressure to resolve this dispute is also on the US as well. We saw trade tensions roiling US markets on Tuesday. That's right. I mean, one of the reasons it seems like the US was willing to kind of take a gamble on this move was that markets had recovered from where they were in December. If you remember back in December the market was down almost twenty percent. And that happens to be the month that these trade talks got underway with China and started looking like, we were moving towards a more peaceful outcome and the market mostly are entirely recovered from that from that where it was in December. And if it starts to go back down like that. I think. Maybe will really start to put pressure on the US. But I would just you know, right now we were down yesterday in the market, but the market's still a very high level and so right now, they're probably not feeling a huge amount of pressure. But they're going to be watching that market reaction very closely and Joshua, and our other reporters have been keeping us up to date on the talks, what are the major hurdles that remain to finally striking deal. Well, I think the the biggest one is that the two sides have put a huge amount of tariffs on each other. I mean, even before this action the US had applied tariffs to two hundred fifty billion dollars of Chinese imports each year. China has retaliated of a similar magnitude China's retaliation has been has been really hard on the US agriculture sector. And so they need to find a agreement that will allow these tariffs to to come off over time. And they also need to structure the deal. So that there's enforcement in the future. You know, they need to. To structure the steel in such a way that China and the US have some mechanism that requires them to actually follow up on their commitments. I mean, what sometimes happens in these deals is country says, oh, you know, we're going to we're going to change our regulations in the future to make things easier. And then they don't really change the regulations. Very well. So it's very tricky. And this is the this has been the key stumbling block really to write a deal that is enforceable. That that if the country's go back on their commitments, you have a way to kind of force them to come along. And so those seem to be kind of the big sticking points that we still don't know how they're going to be resolved. And that's just assuming that the Dale still happens. I mean, there's also a chance that this latest move will cause the deal to just kind of completely fall apart. We also have been reporting on the Wall Street Journal on how this would impact consumers, what can you tell us about that? Well, this is going to be different than any of the rounds of tariffs. We've seen over the past year. I mean, the first big tariffs. They did we're on steel and aluminum, which is not. Stuff that people buy directly, you know, ordinary people don't go out there and buy a ton of aluminum, obviously. And when they first did sheriff tariffs on China. They also avoided consumer goods, they almost entirely did kind of stuff that businesses purchase intermediate goods or capital goods, they call it. So, you know, you're talking about things like machinery for factories, you're talking about chemicals, and plastics and raw materials and circuit boards. And things that go in spurts stuff that people don't buy directly, and what's going to be different about these tariffs that could hit on Friday is that they're gonna fall really heavily for the first time on consumer goods. You're going to be looking at twenty five percent tariffs on nearly fifty billion dollars worth of consumer goods. And so it's almost certainly going to be the case that consumers are going to see prices go up at their retail at their local, you know, WalMart or I think is the biggest importer of of anyone in the United States. And so you're gonna see prices at those kinds of places start to go up potentially very significantly because those goods Ar- are facing. A new tax taxes and said these goods are really going to some people are really going to start noticing prices going up. Now, I think that's the Wall Street Journal's Josh zoom Brune joining us from Washington DC with the latest on trade tensions between the US and China. Josh. Thank you so much. Thanks for having me. Now onto some more headlines. From the Wall Street Journal, General Electric shareholders have approved the company's executive compensation plans and rejected a proposal to appoint an independent chairman. But the results weren't without protest GE said about thirty percent of the votes were cast against the executive pay plans and twenty-seven percent voted to separate the roles of chairman and chief executive officer the votes came at jeez annual shareholder meeting. We're CEO Larry cope faced shareholders for the first time and finally an accountant who analyzed democratic presidential candidate Bernie Sanders taxes found four stakes in his oldest handwritten tax returns from two thousand nine the analysis found Sanders underpaid by four thousand four hundred seventy nine dollars because of the mistake. The Wall Street Journal's Richard Rubin says the analysis shows the perils of do it yourself tax preparation. Technology exists for reason in there been many things that have come out of modern. Technology that are bad. But software that double checks things for you. While you're doing your taxes is actually one of the better things that has come out of to happen. The tax preparation people aren't really sitting at their kitchen tables. They're sitting at their office desks and they're typing instead of handwriting. And and this is a lesson to think he's a lesson. Clearly that we've seen Senator Sanders and his wife learn because if you look at the following year in two thousand and ten they have a paid preparer. Who is clearly using software Sanders campaign says quote, any minor inadvertent errors made were identified soon. After filing the original tax returns and promptly addressed. How about you have you had any problems filing your tax returns? Let us know by tweeting us at W S J podcasts or emailing us at what's news all one word at WSJ dot com. And that's what's news for this Wednesday afternoon. I'm Marie Fratto league for the Wall Street Journal.
A Week of Wins and Losses for President Trump
"The Wall Street Journal listeners. Come from all walks of life and business and no matter what type of business urine eighty P is here to help you achieve what you're working looking for with. HR talent time benefits and payroll informed by data and designed for people learn more at design don ADP DOT com. It's been a week of wins and losses for the White House. The US and China agreed to phase. He's one of a trade deal while a house committee approved articles of impeachment against President trump president. Trump's time in the White House has been sort of marked by you know political whiplash. You'll you've seen extreme highs extreme lows throughout these nearly three years but even by trump standards this this was a sort of remarkably extreme week contrasts and no more sitting on laughs. Kids are now skyping with Santa It's Friday December thirteenth. This is the PM addition of what's news from the Wall Street Journal. I'm Anne Marie for totally in New York after more than twelve old hours of debate. The House Judiciary Committee has approved two articles of impeachment charging president trump with abuse of power and obstruction of Congress. Today's vote along party lines sets the stage for a vote by the full House next week. If either article is approved trump would become the third American president to be impeached by the House but efforts to remove him from office are expected to fall. Short in the Republican led. Senate were a two thirds majority as needed to impeach UK. Prime Minister Stir. Boris Johnson says. He'll move quickly on brexit and promised to boost public spending after decisive election win on Thursday the Conservative Party scored its biggest win and since one thousand nine hundred eighty seven with Johnson winning a majority of eighty seats in parliament. Johnson says the. UK's split with the European Union will be completed by January thirty. I in a Wall Street Journal exclusive. We report that the. US Justice Department is preparing legal action against concert promotion giant live nation over its ticketing practices specifically they allege that the company is strong arming concert venues into using its ticketmaster subsidiary. That would be a violation of a merger sure settlements live nation and ticketmaster reached with the government in two thousand ten. US consumers held back on purchases November. The Commerce Department reported a slower slower-than-expected start to the holiday season with lackluster sales on items ranging from close to electron ix. November is a key month for retailers. Hoping to rack up up sales on Thanksgiving and black Friday thanksgiving also fell late this year making for a shorter holiday season with six fewer shopping days as compared to Twenty Eighteen Wall Street Journal listeners. Come from all walks of life and Dan Business and no matter what type of business you're in eighty P is here to help you achieve what you're working for with. HR talent time benefits in payroll informed by data and designed for people learn more at designed done eighty P dot com. It's been a long trade war but it looks like there may be a truce. US and Chinese officials announced today that they've come to a limited agreement phase one as they've been calling it. President trump agreed to cancel new tariffs scheduled to take effect on Sunday and agreed to cut the existing fifteen percent tariffs on one hundred. Twenty Billion Dollars. Worth of Chinese goods is in half an exchange. China has agreed to boost purchases of US agricultural products by thirty two billion dollars over the next two years and will work to raise that total up to fifty billion dollars. Annually The U. S. China trade dispute has rattled markets before but reaction today were mixed with some analysts saying investors are waiting for more specifics on the deal. Joining me. Now from Washington is Wall Street Journal reporter Josh Zoom Bruin. So Josh there are a lot of pledges here is any of it. Binding among the basic gist from what we understand at this point and again we haven't seen the written details so this could change. Is that if China doesn't live up to its commitments the the tariffs that the US is imposed. We'll go back. We'll kind of snap back into place. So that's kind of the enforcement mechanism that if China plays along the tariffs that were lowered today day. Remain off but if China doesn't follow through the tariffs return the tariffs could even rise. Okay let's take a look at the broader economic nommik picture here. This has been a very long dispute ongoing between the US and China. It's not over yet. What can you tell us about how people are feeling about Economic Mike Recovery from this so you can kind of break down? What's happened in the trade war into two pieces? One is the direct impact of the tariffs themselves so the US is imposed used tariffs on three hundred sixty billion dollars a year worth of Chinese goods and they've agreed to cut the tariffs on about one hundred ten N.. Billion of that a partial cut on one hundred ten billion. So you're seeing a little bit kind of coming back from from what's been put on there and so a lot of economists. Economists have estimated that the trade war took about half a percentage point off. US growth. So if you look back into early two thousand eighteen the the. US economy was growing about three percent If you look in recent quarters it's been growing about two percent and economists about half of that slowdown is kind of from the trade effects. So we're getting a little bit of that. We're expected to get a little bit of that back so that adds up to actually not a huge amount maybe one tenth or two tenths of a percent on growth. That's it's not actually a huge pickup but the other big effect that the trade war has had on the economy is it. It's introduced a huge amount of uncertainty for businesses trying to kind of plan in their operations. And we've seen a lot of businesses holding off on making investments and kind of making decisions about new factories and new supply chains and so we might expect expect some of that to come back as well But but there's a big question mark there which is you know. How long does this truce last? We've seen a lot of truces between the US and China. I know that They appeared great at first and then more details came out. They weren't as good as people thought and then they end up falling apart. And so even if that's not the case this time it's happened so many times that I think a lot of people are still going to be a little uncertain about whether or not this deal is really the one that sticks. If it does prove to stick overtime you could start to see kind of all that trade related drag start to fade because the uncertainty would kind of dissipate but for now is just too soon to say people have been burned too. Many Times Wall Street Journal Journal reporter Josh Zoom Brune joining us from Washington. Thank you so much Josh. Thanks for having me. Getting China to to agree to a trade deal has been a major focus for the trump administration and it was just one of a couple of big wins for the White House this week there was also democratic support for the US MCA a trade. Deal and bipartisan agreement. On spending bill but those big wins all came as house. Democrats moved forward with articles of impeachment against President Trump. Joining us now to talk about this roller coaster week in Washington is Wall Street Journal White House reporter Catherine Lucy so a lot of news this week Catherine. Let's start with impeachment. The the House Judiciary Committee advanced two articles of impeachment against the president. Today that now goes to the full house but even if it passes there both parties say it's unlikely to advance in the Senate where Republicans have the majority so for telling wins and losses for the week cure who comes out ahead. Well as with many things in trump's Washington in town which is as we know very politically divided. This is a mixed result certainly impeachment which we believe will come next week in the house. This is a serious this is a serious rebuke of the president. This is only happened a handful of times before in history only a few presidents have ever been impeached speech by the House. So this is a serious. It'd be a review on his presidency on his record this historic implications. That said he said he is not expected to these expected to be acquitted in the Senate and so moving forward. He is not expected to leave office. And there are. There are pros and cons to this. For both sides. A House members felt a democratic house. Members felt they had to move forward. This that this was needs charged. Were serious that they had to do this. And they certainly were hearing from supporters in parts of the country that this was important. They really cast this as I said of a moral choice that this is something that they've had to do that. This is this is their responsibility. As elected officials on the president's side he has consistently he and his allies have consistently rejected rejected the impeachment process entirely have casted as a witch hunt. They have cast it as a sham and we have seen that among his supporters. I You know that this has been an effective strategy that His campaign says that fundraising has picked up your interest volunteering attendance and his rallies that his base base has really been invigorated by what they see as a partisan effort. Let's turn to trade a lot of news on that front this week earlier we ahead and agreement Democrat signing onto the US MCA deal. which is the rewrite of Nafta between Canada Mexico and the US and today we got news that the US and China have finally sealed a phase one agreement on their trade dispute so progress on both sides? Sounds like a win for president trump. Who has vowed to renegotiate negotiate? US trade agreements with other nations. Absolutely president trump ran on renegotiating NAFTA he ran on taking a new approach to the China. China these are campaign promises that he very badly wanted to show progress on before twenty twenty when we know he'll be seeking reelection. And so yes. These are absolutely important wins for him going into the New Year. But I would also say that you know a lot of Democrats also wanted to reach a agreement on The US MCA and this was a lengthy negotiation. Concessions made on both sides to get there and that one of the calculations on behalf of democratic leadership herships was that while impeachment is underway. It was important for them to show that they were continuing to do their legislative work and that for members particularly securely those representing swing districts Democrats who had You know flipped districts at a previous even help Republicans in two thousand eighteen was very important for them to be able to go back to their districts over the holiday break and be able to show that they were continuing to work on. This is one issue that in a lot of those areas is very important RENEGOTIATING NAFTA was seen as a key priority in manufacturing and agricultural sectors sectors. So that that that has benefits on both sides rides. We also had a bipartisan. Deal on spending this week kind of snuck in there between all the trade and impeachment news. Current funding is set to expire on December number twentieth But if we think back not too long ago we had a government shutdown over funding particularly over funding for the border wall in twenty eighteen. So it seems like any deal before for the the looming deadline is a win. This this sounds like it came through rather quickly compared to that one. Yeah I think that you can cast as a win for all know. Both sides were Refaeli. Open all along that no one really wanted to repeat the shutdown of last year which obviously started before Christmas snuck into the next year was not seen seen as politically advantageous for the president and so there was a lot of effort both from the White House from lawmakers to try and get to a AH agreement that everyone could live with and I think there wasn't a lot of interest in in stretching this into the holidays. Okay so taking a look at all of the week's news overall what can we say about Out The final tally for president trump. How was his week? You know it is hard president. Trump's time in the White House has been sort of marked by a political whiplash. You know we've seen extreme highs extreme lows throughout these nearly three years but even by trump standards this this was a sort of remarkably extreme. Week of contrasts You saw him reach conclusion on a number of long held complicated complicated you know legislative and trade promises between the North American trade deal. Rewrite the China deal oh as well as other issues. We didn't discuss You know something's got into some of the bills that are you know. Events in this week is his goal of a space force so he he scored a lot of things as a huge amount of stuff came together in this week but on the other side of the ledger impeachment moved forward. He is on track to be one of a very small number of presidents who have been impeached by the House and that is a significant historic moment so it is truly a split screen of a stack of winds but one very significant loss Wall Street Journal White House reporter Catherine Lucy joining us from Washington. Shington thank you so much Katharine thank you move and before we go this week tip on Santa and where to find him. It used to be at the mall but with fewer families shopping there Santa has had to meet his customers where they are and that's online line. The denver-based Company talked to Santa has more than three hundred Santas who spent hours chatting with kids by video. Parents can sign up for the service and send through their kids names and wish-lists this season the company says they'll deliver more than ten thousand videos to kids all over the country. The Saint Nick's on talked to Santa Represent just a fraction fraction of the more than five thousand professional Santa's in the United States but the online trend is catching on quickly. They have quadrupled their actors since the service launched five years ago. And that's what's news for this Friday afternoon. I'm Ameri totally for the Wall Street Journal. Thanks for listening.
Attorney General Barr Investigates Origins of Russia Probe
"You might know ADP as the biggest name payroll, but that's just the beginning because ADP is transforming the way, great work gets done with HR talent time benefits and payroll informed by data and designed for people, that's ADP always designing for people. Attorney general William bar is looking into the origins of the investigation into Russia, and he says the findings could lead to rule changes for investigations of political campaigns. What attorney general bar seems to be saying is that he's not only looking at what the FBI did he say. He's looking at investigative activity that happened before that July two thousand sixteen opening of the FBI investigation. Plus, the US reaches a deal with Canada and Mexico over steel, and aluminum tariffs and delays. The decision on auto tariffs, burn another six months. This is what's news from the Wall Street Journal. I'm Anne Marie for totally in New York. Before we get to our story on Torney general bars investigation. Let's catch up on tariffs. The Trump administration said Friday that it had reached a deal with Canada and Mexico to drop tariffs imposed on steel, and aluminum imports Treasury Secretary Steven Mnuchin had indicated earlier in the week that the is were close to reaching a deal. Those tariffs were a major sticking point to finalizing new trade pact known as US MCA between the three countries the agreement now needs to be approved by the legislatures of each country and another headline on tariffs, Friday as the White House announced it would delay a decision on whether to impose tariffs on automobiles and auto parts imports by one hundred eighty days. The Wall Street Journal's Josh zoom. Brune says the administration has had a full plate when it comes to trade issues seems like part of the motivation, here is simply to keep this issue of car tariffs. They're keeping it alive. They still have the option to do car terrif- in the future. But for now they're going to set that aside for six months, and it's going to allow them to focus on some. Oh, these other trade issues on their table. The Commerce Department has found US auto research and development are vital to national security giving the president broad authority to impose tariffs on auto imports. We've never seen anything on the magnitude of global car tariffs. I mean, this would really in some ways, be the big one man show. It's rattled the industry in a really remarkable way. I mean, the US in foreign carmakers don't necessarily agree on much. I mean they are fierce competitors, but the US companies Japanese companies, the German companies, they are completely United in opposition to this proposal to do these tariffs, the deadline on whether to impose the tariffs had been set for Saturday before Friday's decision to delay and trade disputes, or taking a toll on machinery-maker, dear the company has lowered its profit and sales got it says demand for its tractors and planters falls as we reported in the morning edition of what's news. Farmers are struggling as the trade dispute between the US and China continues with. China buying fewer US farm products and retaliating with tariffs prices for soybean dairy, pork, and other products have been declining. The Trump administration has promised aid, but the Wall Street Journal reports that farmers are afraid it will fall short of their needs. You might know ADP is the biggest name in payroll. But that's just the beginning because ADP is transforming the way great work gets done with HR talent time benefits and payroll informed by data and designed for people, that's ADP always designing for people. Attorney general William bar in El Salvador, this week is looking into how an investigation into possible connections between the Trump campaign and Russia began in an interview with the Wall Street Journal, he said, quote, government power was used to spy on American citizens. Bars investigation is focusing on information, gathered by the FBI, and he says the results could lead to changes in the rules for intelligence investigations of political campaigns. Joining me now from Washington. With more details is Wall Street Journal reporter arena, Viswanathan, a Renault bar has been using strong language here, particularly the term spying. What do we know about the impetus for this investigation into the Russia investigation? What are bars concerns? Right. So he has been using very strong language in a way that somewhat mimics the language President Trump in some congressional Republican allies of his have also been using to talk about what happened in the early stages of the. Investigation. We know that some of Mr. Trump's allies have raised a lot of concerns about the surveillance used against a former Trump campaign foreign policy advisor Carter page, which was a FIFA warrant, which is only granted to the FBI to monitor the communications of a person who suspected of being a foreign agent. So there's a very high bar there, but that is one thing that people have raised concerns about which seemed seems to be part of what the attorney general is talking about. But he's also talking about a broader range of investigative conduct, and it's not clear at this point, because he's not explaining to us in any fuller detail. Exactly what it is that he seemed that he thinks is potentially problematic. And other Justice department officials have split with him on this issue, or at least seemed to back away from this. That's right. FBI director. Christopher Wray, testified before congress a couple of weeks ago and was ask. About the attorney general's comments about spying, and he said, that's, that's not the term I would use. And then he was pressed on little more and asked did you see have you seen anything to suggest to you that illegal activity took place in the context of this investigation in? He said, no, not to my knowledge, and former deputy attorney general, rod Rosenstein, has also said he thought the investigation was a valid one, and he seems to be suggesting he also did not see anything that led him to believe that illegal activity took place. We do. Also have some details about the origins of the Russia investigation due in part to the testimony of former FBI officials. That's right. We do actually know a lot about how the FBI investigation unfolded. They got initial tip from a, an Australian diplomat that Trump campaign advisor, George popadopoulos seemed to know something about what Russia was going to do with quote unquote, dirt. They had on Hillary Clinton. And this came against the backdrop of. The Democratic National Committee announcing they had been hacked emails leaked hacked from the Democrats showing up on line. So there was a lot of concern about who these emails. What is their motivation is it? In fact, Russia, are they working with any political opponents of Mrs Clinton to, to get this out there? So we, we know that. That's how they first opened it. They obtain warrants to conduct surveillance took other investigative steps. What attorney general bar seems to be saying is that he's not only looking at what the FBI did he saying? He's looking at investigative activity that happened before that July two thousand sixteen opening of the FBI investigation, but he is not being explicit or specific about what actions he thinks may have occurred before that. Because new multiple former FBI officials have testified, they did not take any steps before that July twenty sixteen opening to your point. Earlier about mimicking, the words of the president bar has also been accused of protecting the president. And we did see in a tweet. On Friday that President Trump again. Echoed, those words saying his campaign was conclusively spied on. Are you hearing concerns about that relationship between attorney general bar and the president? We have actually gotten a lot of even unsolicited emails and messages today from former FBI and Justice department agents, and officials who are pretty concerned, and seem to think that the attorney general is expressing, much more political views than you normally see from an attorney general and is much more sort of overtly supportive of the president in a way that they don't really expect an attorney general to be in the attorney general's defense. I think his argument is that he is most interested in protecting the office of the presidency and wants to make sure that the powers of the executive branch and the presidency are not too eroded by people in these. Positions of immense power and authority within the investigative agencies within the department of Justice last Wall Street Journal reporter Aroon, abyss went autho. Joining me from Washington. Thank you so much Renault. Thank you. Now onto some more headlines from the Wall Street Journal. Hewlett Packard has agreed to buy Cray, supercomputer maker for one point four four billion dollars. The Seattle based company makes equipment for supercomputers as well as designs and builds them Cray, and Advanced Micro Devices announced earlier this month that they were teaming up to build a six hundred million dollar supercomputer for the department of energy. The company is also working with Intel on another supercomputer project for the government. A British food delivery company has announced a big investment from Amazon delivery says it raised five hundred seventy five million dollars in a recent funding round, led by Amazon with contributions from T. Rowe price group and fidelity management and research, delivery charges restaurants, a commission and customers of flat fee for each order, which is delivered by bicycle it operates in the UK and thirteen other markets in Europe Asia. And in parts of the Middle East. Search engine by do once known as China's Google has posted its first quarterly loss since going public in two thousand five company cited weak advertising that it expects to continue amid slowing economic growth efforts to branch out into driverless cars and artificial intelligence while growing haven't made up for the slowdown in advertising. That's what's news for this Friday afternoon. I'm Anne Marie for totally for the Wall Street Journal, have a great weekend, and thanks for listening.
U.S., China Continue Trade Talks in Beijing
"Get exclusive insider access to Milan style and design with WSJ magazine and into Garay make private visits to galleries top restaurants and shops late coamo and much more book this once in a lifetime trip at Indy. Gory dot com slash WSJ magazine or call six four six seven eight zero eight three eight three. With what's news from the Wall Street Journal. I'm Anne Marie for totally in New York. President Trump said Tuesday that he might consider letting a March first deadline for a trade deal between the US and China slide if the two are close to an agreement will have an update on this week's negotiations with Wall Street Journal reporter, Josh soon Brune in just a moment. But first here are some other top stories, we're following President Trump also signalled on Tuesday that he might not support a border security deal. Lawmakers announced late Monday study. I'm not happy about it. It's not doing the trick. But I'm adding things to it. The president also said he thinks another government shutdown is unlikely, but added that Democrats would be at fault. If it happened the tentative deal calls for more than one point three billion dollars in funding for a border wall less than the president's five point seven billion dollar request still the president insisted Tuesday that the wall would be built for the latest head to wsJcom or the w s j app. A US. Jury has convicted notorious Mexican drug Lord, Joaquin El Chapo Guzman of ten criminal counts, including smuggling illegal drugs into the US and conspiring to murder dozens of people considered enemies of the scene at drug cartel. Richard Donahue, US attorney for the eastern district of New York called it a day of reckoning conviction victory for the American people who has suffered so long and so much while Gu's made billions pouring poison over our southern border. This conviction is a victory. The Mexican people who've lost more than one hundred thousand lives in drug related violence. This conviction is a victory for every family. Who's lost a loved one to the black hole of addiction? Authorities had pursued goose Mon who escaped from maximum security prisons twice for more than two decades. Guzman was extra. Lighted from Mexico to the US in two thousand seventeen. The jury reached a verdict on the sixth day of deliberations after a three month trial, the US promised Mexico, it wouldn't seek the death penalty goes mon- could face life in prison when he sentenced apple is losing ground in the world's biggest smartphone market. The international data Corp reports apple smartphone shipments to China in the last three months of two thousand eighteen were down twenty percent as compared to the same period in the previous year shipments from rival hallway on the other hand were up. Twenty three percent last month. Apple CEO, Tim cook pointed to an economic slowdown in China for declining iphone sales in the country. Consumers are also showing less willingness to upgrade and are holding onto older smartphone models longer still to come the latest on trade talks between the US and China. The latest round of trade talks between the US and China are taking place in Beijing this week. So are the two sides any closer to reaching an agreement. Joining us now from Washington with the latest details is Wall Street Journal. Reporter Josh Lewin, Brune, Josh the US and China are toward the end of a ninety day truce they made late last year. Have they made any progress in negotiations since then? Yes. So the truth is started the very beginning of December. I think you can say that they have made some progress. I mean, they're they're they're talking this week. It's up very high level US delegation. It's going the Treasury Secretary the US trade Representative or both going to be there. And they've agreed. You know, China has agreed to talk about a really broad range of issues. You know, initially China was kind of hoping that they could just make an agreement to, you know, buy some more soybeans and buy some more natural gas in that maybe that would be sufficient, and the US is successfully got them to start talking about a much broader range of issues. It's gotten them to talk about the. Way. Chinese companies often require are able to require their American partners to share their technology with them, their proprietary technology. It's a big issue for a lot of US companies. You know, they're having discussions about some issues that China had previously said we're off the limits for national security region reasons, and they've kind of convinced China to discuss those issues as well. So they've certainly made some progress in the past two and a half months, but it's still a big question of whether or not they're going to be able to get close enough to really agree on something in advance of that March first deadline. There have been some mid level talks this week ahead of the talks that will involve Treasury Secretary, Steven Mnuchin and US Trade Representative Robert lighthizer later this week. Are there any details coming out of those mid level talks? That's right. I mean, that's pretty standard before you have the really high level officials getting place and sit down in the room together. You have their staffs come talk about what the issues are. You know, where you might be able to make progress and what? Things you might be able to agree on one of the things I reporters in Beijing have picked up is that China's still they're pretty reluctant to agree to some of the really important stuff that the US wants one of these things is the way that China's supports its own companies, China kind of sees this as a critical way that the communist party there maintains control of the country by supporting certain state owned or state controlled companies giving them an extra boost to make sure they grow. And so, you know, some of these issues that we know are out there are going to be really tough. But that said we also know that they're very serious about both sides are very motivated to to make progress because they really want, you know, President Trump has said kind of a couple of times that he's interested in meeting with president. She at another the Chinese president at another summit. And so in order for them to do that they really have to make progress on some of these issues and by all accounts, they're working sincerely to do it. Josh if they aren't able to reach an agreement tell us about the higher tariffs that would go into effect. Well, back in September the. United states. Put tariffs of ten percent on about two hundred billion dollars of Chinese imports that they're coming into the US each year. So you can think of that as raising about twenty billion dollars. That's about the cost of the tariff at their imposing, and the thing they said at the time was that they were going to raise that tariff to twenty five percent. They were originally going to do that in January. But it's part of this truce they agreed to postpone it until March. So if they do it it would go from ten to twenty five percent. So you can think of that as being like twenty billion dollars in tariff payments jumping all the way up to about fifty billion now in practice. It'll be a little bit different than that. Because rather than companies continuing to import things from China. They might search for suppliers in other parts of the world. So it could be a really big disruption to trade between the two countries. And then the course the flip side of it is that every time the US has imposed tariffs on China. China has responded by imposing tariffs on the United States. So it's been really balanced. It's been a really tit for tat back and forth. And I think we can expect if the US did go. Oh forward with these big tariffs. China would respond with really big tariffs as well. And you know, we've already been seeing economic effects from this. I mean, it's obviously been a concern for the stock market. The stock market has really not liked it when these tariffs have risen. It's started to affect global trade numbers. Pretty obviously, you're seeing the global trade has down. And you're seeing starting to kind of take a toll on economic growth. Global economic growth has been weaker and the US could be in first lowdown this year to it's already slowed a little bit from it's really fast pace early in two thousand eighteen and so there's a lot at stake here if these tests actually go up higher. All right. That's Wall Street Journal reporter, Josh zoom. Maroon joining us from Washington with the latest on trade talks between the US and China. Josh. Thank you so much. Thanks for having me. And that's what's news. I'm Anne Marie for totally in New York for the Wall Street Journal.
Carlos Ghosn Arrested Again on Fresh Suspicions
"Join the Wall Street Journal and National Geographic on one of five unique land expeditions to Israel and Palestine Columbia, South Korea, China or South Africa book this once in our lifetime trip at NAT GO, expeditions dot com slash W, S J or call eight eight eight two zero five five six two one just a month after being released from prison. Former Nissan chairman Carlos gone is arrested again, this is a new suspicion cited by prosecutors that basically he stole company money, six states sued the Trump administration for attempting to eat school, lunch standards. They are attacking the health and the safety of our children and Tesla's first quarter deliveries disappoint. This is. What's news from the Wall Street Journal? I'm Kim get all San let's get started. Now before we get into our big story of the morning the re-arrest of Carlos going and Japan over new suspicions of financial misconduct. Here's what you missed overnight. Ethiopian officials have just released their preliminary report into the crash of a Boeing seven thirty-seven max Payne and early March which killed all one hundred fifty seven people on board. Ethiopia's transport minister said pilots repeatedly followed procedures recommended by Boeing, but that they were unable to control the plane the crew perform it all the procedures repeatedly provided by the mind fracture. But was not able to control their crops. That has to do with the anti stall technology. We were discussing yesterday and it raises pressure on Boeing to fix the problem. It's worth noting that these are the preliminary findings, so they can change later and six US states and the district of Columbia sued the Trump administration and federal court over the White House's decision to roll back school lunch nutrition standards in December. Here's New York's attorney general Latisha James eliminated. The final maximum sodium. Target delayed by five years. The second intermediate maximum sodium targets set for the twenty nine thousand nine hundred twenty twenty school year and cut in half the whole grain requirement simply put the Trump administration is putting our children in harm's way. There are about thirty million US children who are eligible for free or reduced price. School lunches, also laid on Wednesday. Tesla reported worse than. Effected first quarter deliveries. The electric car company said it delivered just sixty three thousand vehicles last period. That's eight thirty one percent drop from the previous three months. The issue. Tesla is struggling to ship its model three sedan to China and Europe it became available there for the first time this year and those markets they're increasingly crucial for the company after the reduction in federal tax credits. The buyers receive in the US for electric cars, and the chairman of the house tax writing committee Democrat Richard Neal formally requested President Trump's tax returns on Wednesday. President Trump however seemed unbothered by the request. Moments ago as the IRS for six years of your tax returns. Your is that all. Usually it's ten so I guess they're giving up now we're under audit on despite what people said, and we're working that out as I'm always under ordered it seems but until such time is I'm not under audit. I would not be line to do that. Thank you as president. Mr. Trump is under mandatory IRS audit. He said that the audits date from before he ran for office. Now, our main story this morning. Carlos Cohen has been arrested again in Tokyo this time on suspicion of abusing his former position as the chairman of the Nissan Renault alliance for personal gain to refresh your memory, Mr. goon was arrested for the first time in Japan in November. He was released about a month ago to make sense of what's happened. This time I phoned up Peter Landers our Tokyo bureau chief so Peter what's happened. This time why is Carlos going back in prison. Prosecutors are exciting news suspicions against go. Specifically that Nissan sent fifteen million dollars to a distributor overseas. We know this is a distributor in Oman in the Middle East, and they're saying that fifteen million dollars Carlos going basically took five million for himself. They're essentially accusing him of stealing from the company till and it's a very serious allegation. But. Serious allegations require serious evidence in we we haven't seen that evidence yet these new charges revealed earlier why let him out of prison and then rearrest him. Prosecutors have said they're continuing to investigate what gone did while he was chairman and CEO Nissan, and this is fairly difficult case to untangle their number of subsidiaries and shell companies and so on and so forth that are involved in this allegation. So it may take them some time to get what they felt was enough evidence to arrest him over these suspicions. So what happens next will Mr. go and be released soon. He's held for can be held for at least forty eight hours. And then the prosecutors could seek to extend that by up to twenty days by getting court approval. So it's quite possible that he would be behind bars again for the next three weeks or so, and ultimately, they're likely to charge him over these suspicions. We don't have formal charges on this. Oman matter. Yet. But I'd say that's fairly likely to happen within the next couple of weeks after the arrest. Mr. Owen said in a statement, my arrest this morning is outrageous and arbitrary why arrest me except to try to break me. I will not be broken. I am innocent of the groundless charges and accusations against me. You can follow the latest twist and turns in the saga at WSJ dot com. Join the Wall Street Journal and National Geographic on one of five unique land expeditions to Israel and Palestine Columbia, South Korea, China or South Africa along the way, you'll enjoy exclusive access to pioneering journalist scientists and business leaders in each country and gain profound perspectives on the past present and future of our world book this once in a lifetime trip at NAT GO, expeditions dot com slash W, S J or call eight eight eight two zero five five six to one. Onto markets, obviously, pay attention to what investors make Tesla's disappointing deliveries when US markets open later for more on what we're paying attention to. Here's our hurt on the street columnist. Nate tap, Wall Street resort. Earl dollar index was down point one percent. Its biggest decline in more than a week, the big factors probably China. Chinese purchasing managing indexes for March come in very strong with the service index compiled by private companies sightseeing hitting a fourteen month high. Unfortunately, a lot of that is probably related to seize analogy. February did a trade industrial profits. And almost everything was very bad March data looks good. But may not mean that a sustainable coverage is really here yet. Now, the Scud here's what to look forward to later today negotiations between the US and China over a resolution to the year long trade dispute continue in Washington. President Trump is scheduled to meet the lead negotiator at the White House today possibly setting up a future summit with China's president Xi Jinping. However, we're reporting that a main sticking point has been the Chinese desire to see all tariffs lifted. Once a deal is reached the White House wants to leave them in place to ensure that China complies with whatever is negotiated yesterday. The IMF released a study on the impact that the tariffs are having on the global economy. Here's our reporter Josh zoom room with the findings their key. Takeaway is that both countries lose. You know, the US growth is hit by this Chinese growth is hit even more. And to the extent that there are winners. The winners win by small amount is I guess what you might say. And a former CIA. Officer convicted of providing classified information to Chinese intelligence will be sentenced by federal judge in Virginia. He faces the possibility of life in prison. It comes days after a woman carrying to Chinese passports was arrested for sneaking into President Trump's mar-a-lago resort. With malware FBI director, Chris Wray, and others have flagged Chinese espionage as the biggest counter intelligent threat facing the US plus for years, there's been speculation about who will replace Warren buffet at the helm of Berkshire Hathaway the conglomerate he's run for decades whoever's chosen as the successor. We report today that all ready. The company's been changing one key area collaboration between the various Berkshire companies, see ios. It's a significant departure from years past when they were seen as a collection of independently operated businesses, finally, the producer of corona beer, and sped Covad. Constellation brands reached a deal to sell some of. Wine brands for one point seven billion dollars. Now, these are the cheaper ones most available for less than eleven dollars a bottle that have become less profitable as our alcohol. Buying habits have shifted. Have you upgraded? The type of wine you buy or shifted from drinking entirely lettuce. Gnome tweet us at WSJ podcast. That's what's news from the Wall Street Journal. Thanks for listening. Now, get to work.
House Impeachment Inquiry Continues
"The Journal is a new podcast from Gimblett media and the Wall Street Journal About Money Business Empower on this show we show you how a company's bottom line affect the decisions you make every day Google's entire future is predicated on it continuing to be the one place you go for the answer to all information Monday morning I'm Anne Marie for totally for the Wall Street Journal thanks for listening time since July that we've had high level negotiations is going to be the US Trade Representative Robert Lighthizer Treasury Secretary and then China's top trade negotiators still there are some signs of Progress I think you can say that there's too positive signs that we're seeing one is that the high level negotiators are back at the table. I mean this is the first spotify or wherever you get your podcasts sponsored by Merrill and linked in the house impeachment inquiry can it's all of this is the kind of impeachment drama in Washington there's a big question I think over whether or not this weakens the president in the Tuesday the court will hear arguments case focusing on whether federal civil rights law protects LGBTQ people from discrimination in the workplace the president's the US Supreme Court begins its new term today and the court has some big cases on the docket focusing on issues including abortion gun rights and immigration on news amid reports that there's more than one whistle blower plus the United Auto Workers Union Rejects General Motors latest offer to end a strike and bad hey in lost factory production the strike has halted output at more than thirty GM plants in the US negotiations are expected to resume on Monday in a in a meaningful way and we're starting to see some positive signs out of China they're really but buying soybeans they're buying pork again the US farm economy is really far away from verts to cancel the deferred action for childhood arrivals program or Daca will be in focus next month the Supreme Court has also agreed to rule on abortion restrictions in the state of kind of trade talks in Washington this week and our Josh Zoom Rune says there's a new wildcard in the mix I think one thing that really complicates things the administration is doing I guess what we'd say is that impeachment is a big wild card you know this is already extremely unpredictable these trade negotiations have been as well and this is a group that hasn't talked and I almost three months so that's a positive sign and the second positive sign is that China has started to buy more agricultural products enroll motors employees is now in its fourth week after the United Auto Workers Union rejected the latest offer from GM to end the standoff the top organiser for the Union Easy Anna and the court will take up gun rights in December and its first major second amendment case in a decade the US and China are gearing up for the latest round at work. It's Monday October seventh this is the am edition of what's News From The Wall Street Journal I'm Anne Marie for totally New York a nationwide strike I'm kind of recovered or back to health but this is kind of a step in the right direction that's The Wall Street Journal's Josh Zoom Brune negotiators from the US and China predictable from the very beginning people who've tried to guess which way it's going almost always gotten it wrong and I think this adds just another degree of unpredictability to it L. Service in the subway we'll delve into what's behind connection problems it really is sort of a puzzle that takes the municipalities and carriers and in some cases the contractor to me already GM's longest since nineteen seventy when workers picketed for sixty seven days analysts estimate Gi is losing fifty million to one hundred million dollars a day and said on Sunday that the talks had taken a turn for the worse and that GM's latest proposal was similar to a previously rejected proposal with little changes the strike is for stock has declined thirty four percent last week also brought bad news from a highly anticipated company planning to debut Shared Office Space Company we were is of Chinese who view him as politically vulnerable or if this maybe makes the president you know more inclined to be tough on China to kind of show some of the interest Zoom Uber and lift all making their debuts the ride hailing companies have since seen declines live stock has fallen forty six percent and Anna are set to meet in Washington on Thursday and Friday there's a slump in the IPO market investors were optimistic at the start of the year beginning with P pull the plug after the company came under scrutiny and it CEO step down according to a research note from Goldman Sachs IPO stock performance is at its worst over the weekend attorneys for the CIA officer behind the whistle blower complaint that launched an impeachment inquiry power on this show. We show you how a company's bottom line affects the decisions you make every day Google's entire future is predicated on it continuing is that has ever happened period the journal is out now on spotify or wherever you get your podcasts sponsored by Merrill and linked in to be the one place you go for the answer to all information we follow the money and see where it takes us this is one of the biggest financial more from Washington there are in fact multiple whistle blowers according to the legal team representing the CIA officer who filed the Republicans have been attacking the initial whistle blower for providing information that was second hand that was based on facts that he or she had not been able regional whistleblower complaint now what we know is that at least one of the whistle blowers who has come forward is also an intelligence official to the president reveal the existence of more than one whistleblower the revelation comes as the house impeachment inquiry enters its third week the Wall Street Journal's Chevonne Hughes on this person has come forward and said that he or she has first-hand knowledge of some of the allegations describe that initial complaint that's important because a lot of in her removal after his allies outside the administration including Rudy Giuliani had claimed she was undermining him and blocking efforts to persuade Ukraine it is significant that there are multiple people who could potentially stand up and validate what that first whistle blower had claimed the initial whistleblower complaint to investigate Joe Biden that according to a Wall Street Journal report from last week citing people familiar with the matter Gordon Saeed Lund in the meantime primary focused because he appears to have suggested that there was a link between the president's interest in abided investigation in Ukraine investor negating the origins of Robert Muller's Russia inquiry and President Trump's decision to put on hold nearly four hundred million dollars in military aid complaint so it's possible that this second little blower is just somebody who has been interviewed by the Inspector General for the intelligence community for corroborating information but but what is primary is that the three committees at the center of the impeachment inquiry are set to speak behind closed doors with two more State Department officials there must be crimes involved well no they took this language of the architects of the Constitution took this language from British parliamentary procedure and Mrs on Capitol Hill there is always the possibility that the whistle blower who sparked the impeachment inquiry could testify behind closed doors to the House intelligence committee all the ascertain on a first person basis we do know that that additional whistleblower has not actually filed a separate formal whistleblower Ukraine that's the Wall Street Journal's Chevonne Hughes as the impeachment inquiry into the president continues our Jason Bellini took a look at the history of impeachment in the all State Department officials Maria Vich though working back in the United States after being recalled from the Ukraine earlier this year when president trump orders with money you found that even if cities do commit to spending more it can be difficult to incentivize wireless carriers that this is a worthwhile endeavor for them and you explain that connectivity you're just trying not to frustrate your existing base of customers so for carriers it's more about avoiding churn or avoiding commuters jumping to their rival but if no one speech my experience as a country and at that time members of Congress were trying to figure out what did the founders mean when they said high crimes and misdemeanors I spoke with going to hear a debate about high crimes and misdemeanors and whether we can wait whether the country can wait for the voters to decide whether we should wait for the voters to decide about a year from now for more check out Jason Bellini's video on our website W S J dot com forward slash video added states and the origins of the phrase high crimes and misdemeanors we do go back to the nineteenth century one hundred fifty years ago that's when we had our very first in they are Marie Ianovich the former US ambassador to Ukraine and Gordon Sunland the US ambassador to the European Union both are still since one thousand nine hundred ninety five the journal is a new podcast from Gimblett media and the Wall Street Journal about money business edges that the president sought to use the powers of his office to push Ukraine to investigate Democratic rival Joe Biden this week house lawmakers will hear from additional kiewit first place but for the carriers it's an additional investment when it doesn't necessarily equate to additional revenue coming in the door especially now that we're very data centric in terms of our sure so building out underground connectivity is not cheap it's very difficult to do often involves rerouting trains and getting access to the tracks in the usage there was a time when we paid per minute so to add connectivity underground might mean that you could recoup some of that but now we're all unlimited data plans you're not really bringing in a new customer by adding the he's joining me now to talk about some of them is Wall Street Journal reporter Sara Krause so Sarah this gets complicated and the reasons why like most things have to do resources so from their perspective you know safety reliability those are sort of top of the list wireless connectivity is seen as sort of a nice to have who is doing this well right now they can't get cell service underground that may be a pain during your commute but there are plenty of challenges to providing cell service on the subway in commuter experience once you get you know sort of further away and further into the tunnels the other thing that I would say from the Transit Agency perspective is this isn't their core business uh-huh and misdemeanors that came out recently he said that it's remedies it should be used only when the president presents a danger to the country itself and I think we're you know like even in New York where they've brought transit wireless this this company that contracts with MTA has brought connectivity wireless connectivity to the subway platforms but those antennas what they really mean is that it's just something of great gravity experts he spoke with said the bar for impeachment is high professor. Frank Bowman who wrote the book on High Crime Frank Bowman he's a law professor who wrote a book called High Crimes and misdemeanors and what he says is that it doesn't mean what we really think it means we heard that word crimes working within existing infrastructure to wire up underground tunnels yes and actually in Chicago where this was done in twenty fifteen the contractors built a custom train safety and law enforcement parties that need to have access etc so it really is sort of a puzzle that takes the municipalities and carriers and in some cases the contractor to make it work in South Korea Tokyo these are wired systems where the government tends to spend more on public transit there tends to be more you know sort of government in her subway is going to have full connectivity throughout their journey less so in America for many of us not having wireless underground can be a minor inconvenience early in the middle of the platform so it's a nice to have in the carriers do pay to bring their cellular coverage underground using the same equipment but it doesn't extend into the tunnel so you end up sort of the core business is getting you safely from point A. to point b they have a lot of capital expenses they don't have a lot of extra budget floating around if any so there's a lot of competing priorities for how to spend proportion of that that's The Wall Street Journal's Sarah Krause joining me in our studio in New York thank you so much Sarah thank you what about you if you take the subway or other trains during your we follow the money and see where it takes us this is one of the biggest financial heist that has ever happened period the journal is out now on Asher on carriers to do the build out and put the money forward to to add to their systems so those parts of the world where a rider getting on a commuter commute what kind of wireless service do you get join the conversation on our website or let us know by tweeting us at W. J. podcasts and that's what's news for this talking your piece about how this can also perpetuate socio economic divides could you go into that a little bit yeah so I think you know for a lot of us we think about okay I need to time my twitter taps who is not doing this so well so I would say that the most advanced systems and those tend to be in Asia and Eastern Europe so if you think about like the Moscow metro if you think about so in has connectivity underground the competitive threat is much different than if you're say at a stadium and the guy next to you had service but you don't that doesn't even get into the challenges of so it was like a five car train that had fifty to seventy five different engineers and safety people on that sort of moved like an assembly lines reroute trains out of the way put the train on the tracks on the train for a really long time and that's time that you could do homework it's time that you could play pay bills time you could stay in touch with loved ones it's sort of a lost opportunity if you're in the dark for a large having connectivity in the station as soon as you leave in the middle of the tunnel your dark if you get stuck in a tunnel your dark for a long time so it's it there is incremental progress in the form of that but I think it's still a frustrated and build it out in Chicago is much smaller than New York or DC so these are really complicated projects in in a market like DC. You have competing access for the tunnels. There's you know different. I need to like load up that article that I wanNA look at you know so that I can get it to work if you're on a two hour an hour long commute if you're coming up from the bronx coming up from the far reaches of Brooklyn for example.
Congress Probes Big Tech; DOJ Investigates Olympic Groups
"You're invited to travel the world and discover what it means to live. The intercontinental life with more than two hundred properties worldwide intercontinental hotels and resorts welcomes you to who I conned properties in global destinations including New York London and Shanghai discover more about these cities and the tails inspire with stories of the intercontinental continental life a collection of stories that will excite your curiosity and offer New Perspective on the world here more at intercontinental dot com forward slash life Congress expands its probe into big tech companies demanding emails and other records plus the US US Justice Department investigate sexual abuse in US Olympic organizations going into two thousand twenty. They're gonNA resolve this. I mean not only do you. WanNa make sure people are safe going to the Olympics but also it looks bad if the USOC is heading to the next Olympics with this cloud of uncertainty investigations over their head. This is what's news from the Wall Street Journal. I'm angry for totally New York before we get to our stories on big tack heck and the Olympics here are some other top stories. We're following today. As we work struggles with lagging investor demand we report the Japan's Softbank is planning to buy at least seven hundred fifty million dollars worth of we work shares. The company is gearing up for its initial public offering. We work is hoping to raise at least three billion dollars at inside. Peo- putting its valuation between fifteen and twenty billion dollars that is far less than the forty seven billion private investors valued the company. It's last round of fundraising as we reported this morning we work has announced governance changes at the company and will listed shares on Nasdaq the Food and Drug Administration when is evaluating heartburn drug Zantac after learning of a probable carcinogen found at low levels in some versions of the drug officials are looking into whether the chemical no known as N. D. M. A. poses a risk to patients the. FDA says the levels of the chemical in preliminary test quote barely exceed amounts you might expect to find in common and foods the FDA says it will make its assessments available to the public as soon as possible. China has agreed to exempt purchases of US soybeans pork any other agricultural products from tariffs that have hit hard in the US Farm Belt The Wall Street Journal's Josh Zoom Brune explains. It's been devastating for the US farmers and it's not just the terrorists themselves you know. China controls a lot of the companies that do the importing of these products their government has a lot of control over these companies and they've essentially just shut off purchasing from the US and instead they've been buying their their food from Brazil and Europe and other places and this is just raw total havoc on soybean prices and other crop prices so it's been extremely hard and you look at the numbers you know the US just on soybeans used to export around twelve thirteen fourteen billion dollars a year and that market has almost entirely disappeared for American farmers and then gone almost entirely to farmers from other countries and so it's it's a good sign if these tariffs come off and people can start selling back into China again but you really need to see large scale purchases sustained for a very long period of time time before farmers would even be back to where they were before. This trade war had started. You know any idea that farmers are going to come out. Ahead is months and maybe years away way I mean this is just this is really the very first step of climbing out of a very deep hole for American farmers. China made the exemptions. After president trump delayed a new round round of tariff increases the US and China are expected to resume trade talks in Washington next month. The London Stock Exchange has rejected a thirty six point six billion dollar bid from the Hong Kong Exchange our Margo Patrick explains that the lse expressed fundamental concerns about the deal in a letter on Friday Eddie including calling into question Hong Kong status as a financial gateway to Asia that was interesting because Hong Kong has had that sort of unquestioned -sition an as the way to tap into Chinese markets for a very long time now and with this letter LLC is saying we doubt that Hong Kong may even NBA The the financial city that companies will use to raise capital in China in that Western investors will wanNA connect with so they really called into question whether Hong Kong Hong Exchange even had something to offer them meanwhile LLC says it is committed to buying financial information and Terminal Company reflective actress Felicity Huffman has been sentenced to fourteen days in prison after she admitted to paying a college counselor fifteen thousand dollars to boost her daughters sat score core. Huffman is the first parent to be sentenced in the widespread college admissions cheating scandal. She has also been sentenced to a year of supervised release two hundred fifty hours community service and a thirty thousand dollar fine. You're invited to travel the world and discover what it means to to live the intercontinental life with more than two hundred properties worldwide intercontinental hotels and resorts welcomes you to conic properties in global destinations including including New York London and Shanghai discover more about these cities and the tails inspire with stories of the intercontinental life a collection of stories that were excited site your curiosity and offer new perspectives on the world here more at intercontinental dot com forward slash life house lawmakers are seeking a range of documents from companies including facebook Google Amazon and Apple The Wall Street Journal's Brian Tracy says the House Judiciary Committee launched its probe which is one of several into big tech companies in June. It's notable that it's bipartisan that both Republicans and Democrats have signed onto onto these letters to Apple Amazon facebook and alphabet which owns Google. There's a lot of detail in these letters and it's more than we've previously known about about where authorities might look when they investigate these companies so for Amazon. There's questions about Amazon prime pricing about the fees that are charged to Amazon sailors with Apple. There's a number of questions about the APP store with Google. There's questions about dozens of its businesses from its Web browser to its mobile operating system to search and with facebook there are questions about its acquisition of companies like instagram and WHATSAPP and that's only a small summary of what Congress is asking you name it with these tech companies. Congress has asked a question about it in these letters and the most interesting thing about the questions that they have not only sought business records financial statements and things like that but also communications emails from some of the celebrity founders of the companies and and other communications about these issues. Tracy says clashes are expected over what documents get turned over to lawmakers makers the House investigation comes as tech companies are facing greater scrutiny in Washington. We also report that national security officials and tech leaders have I've been working to better protect. US elections facebook organized a meeting at its headquarters in Silicon Valley last week our DC the Rahman says the meeting laid bare the tensions on both sides for all intents and purposes intelligence and tack didn't work together at a two thousand sixteen and now there's this understanding that Russia was able to manipulate public discussion through facebook and twitter and Youtube and that there were no guardrails. Nobody knew how how to stop it but at the same time there there is this tension around how much tha companies can actually share with the government. Everyone wants to avoid to repeat of two thousand sixteen but it's not at the expense of just handing over user information in the tech companies have a business imperative right. They can't just do this because people will leave their platforms and get angry at them and they'll be continued regulation and you know new laws could impair their ability to do business but you know from the government side they they want more too on so there's this tension that emerges in this meeting and it shows that the relationship they're still working out the kinks and fourteen months before twenty twenty and you can read the full story about the meeting on our website wsj.com or on the W J APP. The US Justice Department is investigating sexual abuse within US Olympic organizations the following the case against former national gymnastics team Dr Larry Nassar currently serving ineffective life sentence for sexually assaulting women and girls. The Federal Inquiry Creek comes ahead of the two thousand twenty Olympics in Tokyo joining me now with more details is Wall Street Journal reporter Rebecca O'Brien Rebecca. This seems like a widespread investigation allegation which groups have you found that are under investigation right now by the Justice Department so it is a wide ranging investigation and it's actually I think best thought of as multiple investigations that interconnect and the important bodies to think about here are the US Olympic Committee the Center for Safe Sport USA gymnastics and and USA Taekwondo and the FBI which is sort of a side issue but think of it as like a layer cake right this mitigation which is being led by multiple offices offices in the Justice Department along with irs criminal investigators is looking at bad actors who are coaches or doctors in the gym level of various Olympic Sports. It's across the United States and then secondarily. There's an investigation into potential cover ups and maybe financial and business wrongdoing by the national governing bodies are N. G. Bees like USA gymnastics or USA Taekwondo and the third level here. Is You limit committee to the big overarching organization Asian. They're looking you know as well their response to sexual abuse allegations another potential financial wrongdoings now how big of an impact did the Larry Nassar Sir case have on the current investigations. This was pretty blockbuster case shook up the world of gymnastics in the Olympics too large extent what I think I mean the Larry Nassar case it slowly began building came first surfaced right after the Rio Olympics more than three years ago now and what I find incredible is that what the Nassar case not only did it first of all you know hundreds of women came forward with allegations but it really also opened shed light on all these other cases like in USA taekwondo or there had been allegations and some mm cases convictions of coaches that had kind of been lost to history and these this repeated. There's a trend over decades of misconduct induct and sex-abuse in a number of different sports that no one really had paid close attention to on a grand scale so the national case really not only was had a tremendous impact on on gymnastics in the Olympic Committee but it also just opened the floodgates as it were now we are looking ahead to the twenty twenty games in Tokyo what under the implications for the US Olympic system as we have been talking about the Nassar case did cause a lot of damage to the institution yet national case did a lot of damage image to USA gymnastics but it also had some blowback on the US Olympic Committee because of executives there who were informed of it and didn't necessarily take steps that many people in the public thing you know they they didn't talk about it more publicly. They didn't take steps to advance the investigation and they leave with egging their face and what is important about these investigations. I the thing is that they show the continued legal pressure on the USOC. There's political pressure with also legal and potentially criminal pressure on some of the executives or former executives of these organizations and going into twenty twenty. They're going to want to resolve this. I mean not only do you. WanNa make sure people are safe going to the Olympics but also it looks bad if the USOC he is heading to the next Olympics with this cloud of uncertainty and investigations over their head and of course you know in nine years they're going to be hosting the Summer Olympics in Los Angeles so oh you know we'll see how they resolve this Wall Street Journal reporter Rebecca O'Brien. Thank you so much thank you. We'd like to hear more from you on this story war reforms do you think are needed to the US Olympic system ahead of the twenty twenty games. Let us know by tweeting US at W. S. J. podcasts and that's what's news for this Friday Friday afternoon. I'm Anne Marie for totally for the Wall Street Journal. Thanks for listening.
Minimum Wage Fight Divides Democrats
"Join the Wall Street Journal may twentieth. Through the twenty third in New York City for the future of everything festival here from over seventy five renounce, speakers and visionaries touch taste and interact with the products that are redefining tomorrow to learn more and buy tickets. Visit our website at F O E festival dot Debbie J dot com. Twenty percent off with code podcast. The push for higher minimum wages causing divisions. Among democrats. The key. Here is Democrats want to go out and campaign in two thousand twenty that they are on the side of American workers and raising the minimum wage is a key part of that platform. But if they can't even show that they can pass it out of a house that they control that message quite a bit lost the US and China failed to reach a trade deal this week and Uber has a bumpy public debut. This is what's news from the Wall Street Journal. I'm Anne Marie for totally in New York before we get to our story on minimum wage here are some other top stories. We're following Uber. Mid its much anticipated public debut on Friday, but it was a disappointing one. As shares of the company fell seven point six percent on the first day of trading. The company's stock closed at forty one dollars and fifty seven cents a share on the new York Stock Exchange giving Uber evaluation of about seventy six billion dollars. Uber's. Debut comes after rival lifts IPO. In march. That company has seen shares slide since its debut, the companies are being watched closely in what's expected to be a big year for tech IPO's, the US and China failed to reach a trade agreement on Friday after the US raise tariffs on two hundred billion dollars worth of Chinese goods at midnight. The Wall Street Journal's Josh zoom Brune says consumers may be into feel an impact with the latest increases. These products did have a ten percent tariff previously, but that's small enough that a lot of companies had kind of absorbed the cost they hadn't pass it onto consumers. And so you're looking at goods like furniture, and handbags and all sorts of grocery foodstuffs, and all these sorts of things that come in from China that people do purchase on a regular basis things that are in the stores at target, and WalMart, and Costco, and those goods are now going to see that high tariff. And so once that tariff really starts to bite, we would probably expect to see some of the prices of those types of items start to rise. Is the stores the future of talks between the US and China remained uncertain as of Friday afternoon. China has previously vowed to retaliate against the US for raising tariffs from ten percent to twenty five percent. Meanwhile, the Trump administration announced plans to provide aid to former who have been suffering amid the trade battle retaliatory tariffs from China and the European Union have led to lower crop prices. China has also reduced purchases of US farm exports, including soybeans which are trading near a ten year. Low and pork the US department of agriculture says it is working on a new aid program for US formers. The house of representatives has approved a disaster aid package worth more than nineteen billion dollars for regions including Puerto Rico that have been hard hit by natural disasters. The house approved the Bill in a vote of two hundred fifty seven in favor to one hundred fifty against lawmakers disagreed over how much aid should go to Puerto Rico, President Trump and Republicans have expressed concern. Earns over how Puerto Rico has spent previous funding. Local officials have been calling for more aid and deny that previous federal funding was misspent negotiations on disaster aid continue in the Senate. Striking scenery world-class music and film festivals and authentic. Character are just a few reasons why telluride Colorado is a favorite summer destination. Telluride offers endless outdoor activities catering to all passions and tastes. For more information. Go to visit telluride dot com slash W. S J. Regional differences across the United States are impacting Democrats fight for fifteen dollars an hour. Minimum wage joining me now from Washington with more details is Wall Street Journal reporter, Eric Morath, Eric this has long been a push from Democrats. But you found the issue is actually now dividing members within the party because of the differences they face in their home states. Yes. So Democrats have long supported raising the minimum wage, which is bent at seven dollars and twenty five cents an hour since two thousand nine this is something that President Barack Obama called for and three different state of the union addresses. But what's different now is what level should that wage? Be there's quite a bit of support including from almost every democratic presidential candidate around the idea of a fifteen dollar minimum wage, and that's a higher number than many Democrats, including those in the house are are comfortable with and that's especially true in places like Alabama where. The median wage is much lower than say New York City, and they're concerned that fifteen dollars minimum would result in layoffs in their state. So they are now competing proposals to raise the minimum wage and both would be gradual tell us about how these proposals differ and how they account for changes state to state. Sure. So the proposal that has the backing of the majority of Democrats, including the leadership would raise the minimum wage to fifteen dollars an hour by the early part of next decade, and it's pretty similar to two previous minimum wage increases, the national level that set states have the ability to go higher but a national floor set. What Representative so all from Alabama and others have proposed is a tiered system a system that will look at the cost of living in each metro area and set the minimum wage accordingly that would allow the rate to rise faster and more expensive cities. But a place. Like the deep south it wouldn't maybe reach fifteen dollars an hour until the twenty thirties. And that's only dependent on how inflation picks up. So as Democrats are struggling to unite behind a single proposal, even if they do this is a measure that would face challenges in the Senate, which is controlled by Republicans. Yeah, that's right. There hasn't been any signal that the Senate is willing to take up minimum wage increase. The president has at times said that he thought even the current minimum wage is too high when he was running for office later, he ended up saying maybe ten dollar minimum wage, it'd be appropriate. But here's the key. Here is Democrats want to go out and campaign in the twenty twenty that they are on the side of American workers and raising the minimum wage is a key part of that platform. But if they can't even show that they can pass it out of a house that they control you know, that we can message quite a bit Eric in your piece you talk about how this debate among lawmakers right now is marrying a debate. That communists, have long had over minimum wage how so yeah. Well, you know, just kind of back to economics one, oh one. If you raise the price of something in this case, the cost of labor the demand for that product typically goes down. So that's just basically if you make workers artificially paid more than the demand for labour will fall and businesses will look to automate the looked to off shore. There's all sorts of different lovers. They can pool, and that's kind of the classical economic theory. But there's been a lot of studies into the state minimum wage increases where the classic one was New Jersey, raise the minimum wage, Pennsylvania. Didn't they're bordering states. What happened and outcome was that, you know, there wasn't massive job loss among fast food workers in New Jersey, kind of mirrored the trends of the rest of the region. The thing that we don't know is fifteen dollars an hour would be an unprecedently high minimum wage in the United States. Even when adjusting for inflation. The rate has never been that. Hi. So we don't know if that's above the tipping point where job losses would be created. Or if it's something where it would benefit people by lifting them out of poverty. Reducing income inequality without causing layoffs. You mentioned twenty twenty and we are already looking ahead to election season. And what some of the presidential candidates have said already. How do you think this is likely to continue playing out this election season? I think the minimum wage we'll have a lot of support as an election issue, especially at the national level because it's something that sounds great and doesn't cost the government anything. The government doesn't have to raise taxes to increase the minimum wage like they do if they want to expand health care coverage per se. So it's a popular issue from a national perspective. I think what we're seeing here in the debate is once you get down to the state and local level. There are some concerns about if you know, San Francisco should have the same wages as like Frisco, Texas. That's Wall Street Journal report. Eric Morath joining us from Washington with more on the debate over minimum wage, Eric thanks so much. Sure. Happy to join you. Now onto some more headlines from the Wall Street Journal a mutual fund in Boston says it's returning more than ninety million dollars to the Sackler family, which owns Purdue pharma, the maker of Oxycontin, the family's money made up the majority of Baltar capital management's one hundred fifty million dollar fund its founder Brad Baltar said the Sackler is long term commitment to the fund was uncertain as Purdue pharma faces more than two thousand lawsuits from cities counties and states for the company's alleged role in the opioid crisis. The Wall Street Journal has reported that Purdue is considering filing for bankruptcy last month. The company reached two hundred seventy million dollar settlement with Oklahoma's attorney. General lingerie retailer Victoria's Secret will no longer broadcast its annual fashion show on network television following a decline in viewership and increased criticism. The show had aired on CBS and ABC for nearly two decades in an internal memo sent to employee's. CEO of the retailer's parent company. L brands said it was rethinking the show and working on developing new content and finally Washington DC has launched a new project called the DC can't count in the hopes of assessing a hotly debated topic. The ecological impact of free roaming cats the first goal of the one and a half million dollar project is to find out. Just how many cats are in the city. The Wall Street Journal's Joe craven McGinty explains how it works. So the researchers are dividing Washington DC and to sampling blocks that measure eight hundred by eight hundred meters they play twenty cameras with an H block. And essentially, they just wait for cats to wander by the cameras are activated by emotion sensor, and they'll collect data every twenty four hours for one month. And they take the information at NFL individual cats by their for pattern the first day to give a simplified example, they see how many cats they captured. On camera. The second day, they'll do the same thing some cats captured on the first day, we'll be recaptured by the photographs and the proportion that is recaptured gives them an indication of what portion of the entire population was captured on the first day. The reason for doing this is that to determine what the ecological impact of cats is on the environment. You I need to know how many cats are out there. Once you know that you can investigate for example, how many birds they might be killing how many small mammals and so forth in two thousand thirteen. Scientists estimated outdoor cats kill up to four billion birds and more than twenty two billion mammals each year in the United States, the findings which were published in nature communications received significant backlash from advocates, and it's still a much debated topic. So we'd like to know what you think should cats be allowed to roam freely. Tell us why. Or why not by tweeting us at W? SJ podcast or emailing? What's news at W S, J dot com. That's what's news for this Friday afternoon. I'm Anne Marie for totally for the Wall Street Journal have a great weekend. And thanks for listening.
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
U.S., China Reach Partial Trade Deal
"Authorize offers endless outdoor activities catering to all passions and tastes for more information go to visit telluride dot com slash W S J striking scenery world-class Music and film festivals and authentic character are just a few reasons why telluride Colorado is a favorite summer destination Washington and told by a top State Department official that the president had lost confidence in her her testimony was up in the air until she appeared on Capitol Hill Friday morning the behind closed doors today but had prepared testimony which was reviewed by the Wall Street Journal our Byron Town has more from Washington the ambassador said that she became a target Ryan Hallway Trump's trade advisor Robert lighthizer said while way was being considered in a separate process. US stocks rallied on Friday on hopes the two countries would leave the Lebron network the coalition of companies facebook enlisted to launch its global crypto currency based payments network the departures come a week after pay pal announced it was this week's talks in Washington with an agreement the S. and P. Five hundred broke a three-week losing streak MasterCard visa Ebay and stripe are all dropping out Maria Banovic the former US ambassador to Ukraine says the president pressured the State Department to remove her from her post she testified to house lawmakers possible in May it looks like they agreed on a very small number of things it looks like China's going to purchase more US agricultural products and it looks like the US is going to hold on that Congress has broad investigatory powers and can do things like this and it's apple picking season but fruit isn't the only thing you'll find in the orchard set to take effect in December it also wasn't clear whether the administration would follow through on plans to grant licenses for American businesses to sell to Chinese telecommunications of a concerted effort by donald trump and his allies including Rudy Giuliani his personal lawyer to oust her from her job she said that she was recalled to money transfers lawmakers in the US and Europe have been critical of the project citing concerns about how the companies involved would protect users privacy and prevent it from being used to launder money facebook CEO Mark Zuckerberg has scheduled to testify to Congress about Lebron impact on the financial services and housing sectors at the end of this month it has vowed that no government employees shall participate in this impeachment inquiry calling an unfair and unjust investigation democratic lawmakers say they to subpoena you WanNa bitches testimony after the State Department ordered her not to testify earlier this week the White House blocked another key witness Gordon Sunland from testifying leaving the group that leaves facebook without much of the financial muscle it assembled to launch the digital currency libra which had hoped would make it a player in e commerce and global a lot of people had been expecting a federal appeals court rules a House panel can subpoena the President's financial records these ruling so far endorsed the idea. It's Friday October eleventh. This is the PM edition of what's News From The Wall Street Journal I'm emory for totally in New York the US and China reached a partial trade only for the US but for the world our Josh Zoom Brune has more from Washington. It's really kind of incredible how far away we are from the sweeping deal that people thought was going to be off on a tariff increase that was set to take place in mid October and then what they've said is that they're going to continue working on this they're going to do several phases of D host sanctions on Turkey over its military action in Syria Treasury Secretary Steven Mnuchin says that the sanctions contingent on Turkey's actions including its promises he's now agreed to appear next week after he was subpoenaed by the House president trump is expected to sign an executive order that would allow the state and Treasury departments aw to get to their full Fang and this'll be phase one once they finished it they'll start working on a face to the US hasn't made a final decision on whether to impose tariffs on Friday president trump spoke to reporters in the Oval Office after meeting with Chinese Vice Premier Lu both realize for the beginning very important not only for giant this week Turkey launched an offensive to seize territory held by us-backed Kurdish forces in Syria after president trump withdrew US troops from the area keep Islamic state detainees in captivity these are very powerful sanctions we hope we don't have to use them but we can shut down the Turkish economy if we need to the Pentagon says it's sending two thousand troops to Saudi Arabia along with new anti-missile defense systems and two squadrons of jet fighters as part of a buildup to counter Iran's hostilities in the region the deployments come on top of a previous deployment of about seven hundred. US service members that were sent to the region after a string of tanker seizures he denies next week the Federal Reserve will begin buying treasury bills to boost its balance sheet and avoid further unexpected strains in the money market the central with over thirty feet of snow last season telluride is ready for another stellar year bank will begin with initial purchases of sixty billion dollars in treasuries over the course of the month and continue purchases of treasury bills into at least the second quarter of twenty twenty end attacks French automaker Renault has fired its CEO Sierra blu-ray our Nick Kostov says the chairman of Renault's Board wants to bring a brand a new leadership team including a new CEO Nissan's former CEO Carlos Goan was arrested in Tokyo in November and later charged with financial misconduct which filled with powder days and bluebird skies continually ranked the number one ski resort in North America by readers of Conde Nast Traveler telluride boasts no Wall Street Journal podcast listeners received thirty percent off early season lodging to book go to visit telluride dot com slash W S J lines in exceptional terrain for all levels and abilities it's as easy to travel to telluride as it is to vacation there with nonstop flights from eleven major hubs a federal appeals court has ruled that a US House committee can subpoena President Trump's accounting firm for his financial records subpoena issued in April seeks eight years of financial records from the president his real estate companies and other entities trump's lawyers are expected to appeal the ruling joining me now from Washington with more details is Wall Street Journal reporter Brands Kendall Brent this marks a significant victory for congressional Democrats who have been seeking these records ties broadly speaking then this came after testimony from his former lawyer Michael Cohen on Capitol Hill and which Mr Cohen said that that Mr Trump had itself and and Congress the Oversight Committee which issued the Subpoena said look you know we we are investigating president trump's business and financial to seek and demand these these kinds of documents it's worth noting the subpoena was was sent to the accounting firm a third party as opposed directly to the president or has entities attendance of color skydiving and this is yet another example of Renner management trying to turn the page on the golden era earlier this week Nissan named into the possibility of legislation and that it could it could investigate things like this under that power so Brent earlier this week we had another separate but related tell us more about the court's ruling today and what trump's accounting firm is now required a turnover well the big issue in this case was the scope of congressional powers horsemen and then they didn't have the power to investigate in that way the the appeals court today pretty soundly rejected that argument although it was divided ruling and said that this an affair with the president and so this was a grand jury subpoena issued they're seeking similar records from the accounting firm and this is within our powers to do these kinds of things and the trump legal team argued that no it's not because congress here really isn't interested in legend ruling a federal judge here in New York said the president's accounting firm same one must turn over eight years of personal and business tax returns that order is currently on hold whether and how the president is complying with disclosure laws and whether our disclosure laws are in effect working and whether they ought to be updated and they said look this is both inflated and deflated the appearance of his assets to to benefit them at different times and among the things the committee said is look you know we we need to see during appeal from trump's lawyers so how is this case related so the case from Manhattan is specifically looking at possible New York criminal for later in October and we can expect a ruling they're pretty quickly and so then we'll now have chewed appeals court rulings on the fresh air to Renault alliance with Nissan or he didn't say but what forbid is beneath all of this is that cheery borderie was closely the trump legal team sought to have the subpoena block to the judge on Monday in New York rejected that request and the second circuit violations and and part of what the DA there is looking at is alleged payments and reimbursements to adult film star Stormy Daniels who alleged she had aces over the next several months Wall Street Journal reporter Kendall joining us from Washington thank you so much Brent thank you hypoc subpoena wasn't different from types of subpoenas that Congress had sent in the past and that its investigative authority was at least somewhat connect and finally it's apple picking season a favourite fall pastime for those looking to stock up on fresh fruit for Pies Jelly and other awed entertainment options like zip line courses petting zoos corn mazes and restaurants with ciders lessees and things like that he said that this kind of subpoena could be imported under an impeachment type investigation but that's not what this House Committee had done at the time elation and what Congress is is the lawmaking body and but that you know the the trump argument was that that's not what the committee was doing here that they were effectively trying to be like law similar issues and you know it's it's possible that one of these could go to the Supreme Court here in the next few weeks or months so overall Brentwood this in some context for us taken together Friday afternoon I'm Anne Marie for Relief for the Wall Street Journal thanks for listening today who is worth owning appointed recently by President Trump said look congress has two different kinds of powers its legislative powers in its impeachment powers and treats by the Wall Street Journal's J. One king found traditions are changing and for many the apples ended up being an afterthought now they're buying your apple it's the idea that that Congress has broad investigatory powers can do things like this I mean it's worth noting that that for this this case today that the subpoena other are this week's ruling is likely to boost these various efforts to
How the Coronavirus Is Changing Police Work
"It's happening wherever cupcakes. Are being frosted songs are being recorded and engines are being tuned. Adp is designing a better way to work with industry leading. Hr talent time benefits and payroll more companies rely on ADP than any other HR partner from small business to global enterprise. See how ADP can help you. And your people achieve what you're working for him at designed. Adp DOT COM ADP always designing for people after a hectic week of negotiations. The two trillion dollar corona virus rescue package is a done deal plus how the pandemic is changing police. Work kind of a hard situation. It's just a job you can't do from home and you can't do from six feet away. It's Friday march twenty seven. I'm Anne Marie for totally for the Wall Street Journal. Here's what's News President trump has signed a two trillion dollar stimulus bill into law. It's the biggest economic relief package in. Us history earlier in the day. The House passed the bill with a voice. Vote those in favor say Aye. Those opposed say no. The motion is adopted. The bill provides direct payments to Americans and expanded unemployment insurance. It provides loans and grants to businesses and state governments and it sends resources to healthcare providers fighting the corona virus the Senate passed legislation unanimously earlier. This Week Wall Street Journal reporter Natalie. Andrew says the bill represents a rare moment of bipartisan agreement caps. Ten Days of just insane late nights back and forth drafts being traded of the bill not knowing quite what was in it until the Senate win to vote on it. I mean senator has got the copy of this eight hundred page bill minutes before they voted on it while though many of them had been involved in negotiation so they were aware of what was going on and then the house went up and passed. It was almost kind of jolting end to a tumultuous week but they did applaud members universally Republicans and Democrats while they may say they don't agree with every aspect of the bill they recognize this very important time to get relief to the country prior to president trump signing of the stimulus bill. Us stocks closed down for the day. But they still manage to hang onto strong weekly gains. The Dow fell more than nine hundred points on Friday or about four percent but a weekly gain of fourteen percent made it the indexes best week since nineteen thirty eight. President trump says. He's ordering General Motors to start making ventilators to deal with a nationwide surge of corona virus patients officials said the company and the White House had been discussing a contract worth about one billion dollars but the talks broke down over how quickly the devices could be made. Trump has been relying on a wartime law to spur companies to make necessary medical equipment in the UK. Prime Minister Boris. Johnson is confining himself to his residence for a week after testing positive for the corona virus. I am working from home. I'm so isolating -lating and that's entirely the right thing to do Botts via diet that I can continue a thanks to the wizardry of modern technology to communicate with all my top team to lead the national fightback against Kuroda bars. Johnson is the first leader of a major western nations to say they have the virus. The diagnosis raises the possibility that many of the key players Britain's fight against the disease have been exposed worldwide. There are now more than five hundred. Eighty six thousand confirmed corona virus cases according to Johns Hopkins University and more than twenty six thousand. Eight hundred people have died coming up. We'll take a look at how the virus has changed the work of law enforcement across America. Comcast business connected and network solutions. Help drive is not devices. Ai and virtual network applications at peak performance to improve efficiency and customer experience for Your Business Rely on comcast business for nationwide secure reliable performance powered by a gig speed network comcast business beyond fast. The Corona virus pandemic is changing nearly all aspects of American Society City by City Street by street. Some of the people feeling the changes the most or the nation's law enforcement officers as Americans isolate themselves at home and cities go quiet. Police officers are still on the job. They're having to take precautions to keep themselves safe and on the other side officials are concerned that prisons could become petri dishes for the virus and have been taking precautions as well joining me now to talk more about how the pandemic has changed law and order across the country or Wall Street Journal reporter's Zoysia Ellinson and Ben Chapman more than a dozen states including New York and California have released prisoners to stem the spread of the corona virus. Ben You're in New York and zoo show. You're in California. Can you tell us how this plan is working in your respective States Xuzhou? Let's start with you all right. So as this corona virus outbreak started jail officials knew they were going to have a huge problem on their hands because a lot of these jails are very crowded prisoners. You know jammed into cells jammed in common areas. Dining rooms everything. It's very hard to social distance jail. So one of the things. They started thinking about early on is. Can we release some of these lower level offenders or older people or sickly inmates so that we can free up some space for quarantines and just keep some space between the inmates and so what they started doing is lowering bail for people? Who were you know have yet gone to trial so letting people out on lowered bail and then also quickly reaching plea deals with lower level offenders to let them out early and so we've seen that in more than a dozen states have thousands of people have been let out of jail early and so far in terms of the impact on crime. We haven't seen it yet in the major cities in the. Us crime has actually been down in the first couple weeks of the lockdown and Ben. What about here in New York? We're having the same challenges balancing public safety with health of both prisoners and general population. That's right the authorities in New York are very concerned about the outbreak of the virus at the city's jails including rikers island. And they've taken steps to release a few hundred prisoners from rikers already. And they're also declined to prosecute low level offenses in an attempt to send fewer people into the jail. And that's what they're doing to slow the spread of the virus there. As far as the public safety concerns the decisions to release. Inmates are joint decisions that are made by the mayor of the district attorneys judges and the police among other entities and they're really balancing the risk to the inmates. Do they have underlying conditions? Are they older? Are they likely to be in serious trouble? If they are infected with the virus with the possibility of that person committing additional crimes or committing crimes at all if released. So that's sort of the equation that they're dealing with Suzuka. Let's talk about a point you brought up earlier and that is that we're seeing crime. Go down across the nation during the pandemic yes so we took a look at some of the biggest cities while data on crime in America is not always up to date in that great most of the big cities that we took a look at have seen violent crime and property crime. Go down in the first week since a lot of these city shut down and the reason that police are telling us is basically you have fewer people out on the street at the moment however cops are very concerned. That crime could go up in the coming weeks. Especially when you have sort of volatile combination of mass layoffs you have a bunch of businesses closed. You have people getting kind of desperate. So cops are worried that there's going to be more burglaries of businesses and break ins of businesses and that sort of stuff. They're also worried that there could be more. Domestic violence has more people are stuck at home for a longer period of time but so far. We're so early in this that we haven't seen those happened yet. So let's turn to policing now and how that's changed during the corona virus pandemic in terms of the focused Ben. What can you say about that in New York City? The police are being tasked with fighting the virus. In addition to their usual job of fighting crime in the first week of the city's response to the virus. The police here in New York conducted sixty six thousand different visits to public spaces and businesses to make sure that measures to contain the virus. Were being observed including a ban on dining in restaurants and prohibitions against gatherings parks. So this is a new role for the police here that they're undertaking in addition to the usual crimefighting stuff. They do Sushi. What about in California? How have you seen the focus of policing shift during the pandemic well across the country? One thing we're seeing is that police are trying to keep their distance. Trying to social distance was kind of a hard thing. If you're a COP right you're in the car with the criminals. You're in the car with your police partner. When you arrest someone you gotta put your hands on them. So what can they do? What they can do is direct their officers not to make arrests in low level for low level crimes. And that's what they're doing. They're saying you know if you catch someone doing something like you know graffiti or whatever it might be they say just cite them and release them and have has little contact as you can. I mean cops are going to be catching this virus spreading it because they're constantly interacting with the public so the idea there is trying to cut down on contacts so we're seeing fewer lower level arrests. Another thing that we've seen is large numbers of police officers being infected with the virus. There were about three thousand officers. Who were out sick as of Thursday and that's about three times the normal amount for then why PD so there's many officers who have been infected already in New York City and that brings up a key point here. How are police departments working to protect police and other law enforcement officials? Who are part of the essential workforce during this time? You mentioned a lot or calling out sick in New York. How is that playing out across the country? I mean they're so the police are struggling much like the medical profession with getting the supplies. They need. There's a lot of places where they don't have enough facemasks. It appears that a lot of them have the gloves and the hand sanitizer but the face. Max seemed to be in short supply. So that's a problem but in some places we've heard at roll call cops lineup together. There some of them are social distancing during roll. Call trying to sanitize the cars as much as they can and like. I said they're trying to keep further away from some of the criminals as well but it's kind of a hard situation. It's just a job you can't do from home and you can't do from six feet away. All Right Wall Street Journal reporter's Zoo Ellinson and Ben Chapman. Thank you so much for joining me. Thank you very much. And finally we've been asking for your questions about the corona virus and we're bringing in our reporters and experts to answer them here on the podcast. Our question today comes from Luke Auto from Chicago Illinois. He's curious about how other countries economies affect our own during the pandemic we understand the positive seemingly positive off that the domestic measures for both monetary and fiscal policy will and they have on the US economy bulb as we all are aware the US economy is not a simply domestic economy. It's a global economy. So how may other countries and other continents economies impact trade essentially and other economic factors that may impact the US economy in the coming weeks and months for an answer? We turn to our international economics correspondent Josh Zoom Brune. You think about a typical natural disaster a hurricane that hits Florida or a you know sue Nami that hit Southeast Asia. Usually these things only affect one region of the country or region of the world in everyone ellison's still going and able to help pull that region along and right now that's not happening. There's not the strong Bridgen that's able to help everyone else out. And so every country is having to really scramble to get the corona virus under control and then get its own economy restarted. And one of the reasons. It's going to be much more difficult than a typical situation is because there's not that strong man to help pull things along. I mean that's important for the US to you. Know you think about the financial crisis of two thousand eight one of the things that kind helped pull the world out of that was actually the strength of China's economy at the time but we don't have the you know there's no strong Chinese economy right now. There's no strong American economy right now. No one is in a strong position. And it's what makes this such a hard situation. Do you have a question about the Corona Virus Lisa voicemail at three one five nine two eight two nine eight. We also have that number in the show description. We'll try to answer as many of your questions as we can. And that's what's news for this Friday afternoon. We'll be back on Monday in the morning and the afternoon if you like our show please rate and review US wherever you get your podcasts. I'm Anne Marie for totally for the Wall Street Journal. Thanks for listening.
Trump Strikes Conciliatory Tone at G7, But Sows Confusion
"It as more and more businesses become digital first business. Intelligence data is proliferating as a powerful decision making tool. Could it provide a key competitive advantage. The find out when we return to the transformation minute from comcast business at the g seven summit president trump seeks dial down trade tensions with china whether or not china's calling up and saying let's make a deal. It seems like that's probably a little strong. There's no real indication. That china for its part has really changed changed. Its stance <hes> over the past couple of days and sources alleged that carlos gone used kickbacks to start a parallel business while they ran nissan whether it's criminal or nor by international business times many people would say that that shows somewhat questionable judgments and said that we've been company. Maybe create some sort of conflict of interest. This is what's news from the wall street journal. I'm charlie turner in new york. We'll have those stories in a moment first. I harrison other stories. We're following bristol. Myers squibb moved a step closer to completing at seventy four billion dollar purchase of cell gene amgen monday agreed to buy sell gene so tesla psoriasis treatment for thirteen point four billion dollars. The wall street journal's jared hopkins says bristol myers and cell gene see the deal as addressing antitrust concerns. The companies had mentioned several months ago that there were f. T. c. concerns related to anti inflammatory treatments and the issue here is the fact that bristol myers was developing or is developing the treatment kind of in this family of treatments so to speak it was acquiring from the soldier gene potential acquisition our future acquisition here a treatment. That's already on the market. Jared adds that for amgen. Oh tesla is a strong fit for its portfolio of anti inflammatory slamma tori treatments the house judiciary committee has subpoenaed former white house staff secretary rob porter as part of its investigation into whether president trump obstructed justice justice the subpoenaed to appear before the committee is democrats latest bid to compel a trump associate to publicly detail allegations that the president sought to interfere in former special counsel robert mueller's investigation committee chairman jerrold nadler democrat of new york has said his probe could lead the panel to recommend that the house vote to impeach the president the subpoena calls for mr porter to appear on september seventeenth student debt is soaring. It's now nearly one and a half trillion dollars and defaults are at a record that has been fertile ground for companies that promise to help stretched borrowers by navigating the maze of federal programs that can reduce or forgive debts for those who qualify such as public service workers or people on low incomes but the wall street journal says some services are outright scams and others make promises that are illegal catch our report report soaring student debt opens door to relief scams at wsj.com. Welcome back to the transformation minute from comcast comcast business could business intelligence data be one of the keys to smarter decision making. We asked denise hasty as v._p. Of comcast business turning business intelligence johnson to a real competitive advantage means turning data in those data insights into actionable plans so although these new tools help with business inside they also also spinal on a new business questions but those business questions can also drive business ideas and new revenue sources that we did not think possible as the oh gee seven summit wraps up in france. The question is where are we at this point on the trade battle with china stocks nosedived last friday after the chinese government launched retaliatory salutary tariffs against the u._s. To which president trump responded by threatening even stiffer tariffs on china but at the g seven summit mr trump sought to ease tensions since with china and the g. seven the vice chairman of china came out that he wants to see a deal made he wants it to be made under calm conditions. Nations yuzu were calm. I agree with them and that let's get more from the wall street journal's josh zoom brune who joins us from washington josh. The president said he got got a call from china saying in effect. Let's make a deal. Does anyone know what in particular he was referring to know and it seems like he overstated the state of play. Just it's a little bit the chinese in the u._s. Teams have had kind of ongoing conversations between lower level officials. They're still trying to iron out issues. They're still trying to figure figure out if china's actually coming to the u._s. In september that was the original schedule after the latest rounds of meeting which we're in shanghai was that china would come back to the u._s. In september we haven't seen the details of that meeting yet and so there has been some staff work about that but whether or not china's calling up and saying let's make a deal. It seems like that's probably a little old strong. There's no real indication that china for its part has really changed its stance over the past couple of days <hes> and you know as far as the two sides in this debate go. Did you ask stance will frequently kind of shift. <hes> based off based off president trump's statements. The chinese side doesn't do that as much they kind of tend to stake got a position and stick to it for a very long period of time and only move solely and only move a little bit yeah. This follows the events on sunday whereas the wall street journal reported president trump whiplashed the seven summit by saying he was having second thoughts about escalating the trade tensions with china and then the white house sought to clarify that statement right the white house came out and said the only second thoughts he had is that he didn't raise the tariffs hires that he wished he'd raise the tariffs tire <hes> so it's a little unclear we've seen this pattern from the white house before to where they take an action action that ends up being very negative for the financial markets that prompts a lot of people to worry about the economy and then a few days later they take steps to soften that so you know they they clearly wanna a still show that they're being tough on china but when it starts to affect the financial markets they want to kind of ease the blow from that and so this is part of that pattern we've seen many times or they're trying to thread that needle being hard on china but not being hard on the financial markets and as this weekend kind of shows. It's it's very hard to get that message across in particularly coherent way right as we speak stocks have recovered a portion of friday's losses in monday trading. It just seems like it's crucial to investors that the two great economic powers de escalate their trade fight yeah and the other part of it that is going on here is that there was also some <hes> de-escalation with the european union. I mean this one doesn't get quite as much attention but the trading relationship between the u._s. and the european union is actually larger than that with china. The european union's not a country. It's a collection of countries of course but when you add them all together. It's a much larger trading relationship than with china and there's been been a lot of tensions there as well. The u._s. is threatened car tariffs that would have a really big impact on germany in particular but to a lesser extent that the u._k. And italy the u._s. is certain big tariffs against france so there's been a lot of tensions between the u._s. and the e._u. and so i think there's probably also market relief that things seemed to go well today. Hey at least between when the president was talking with angela merkel in germany and with emmanuel macron in france does conversations appear to have gone pretty well and so there's probably a little bit of relief from that as well. It's not one hundred percent about china the summit there were also tensions that the g seven summit is apparently u._s. Officials did not like the format laid out what issues were being discussed discussed. I think discussions about niche topics yeah and those niche topics include climate change which none of the you know the other members of the g. seven don't consider climate change to be a niche inch topic <hes> and so there was a meeting apparently at the summit where all the heads of state from the other six you know went to this meeting about climate change which they've very seriously in the trump administration asian didn't tend and president trump didn't attend and so that kind of underscores the difference on some of these issues. You know a few other topics where they're having kind of a difficult time. <hes> one of the big ones wins is russia. I mean president trump said that he wants vladimir putin to come back into the g seven for a number of years. It was actually called the g eight and that was because russia also sup- precipitated in these summits <hes> in russia was thrown out <hes> back when they <hes> overtook the crimean peninsula the other six countries in g seven. You don't want to let russia back in for that. They say you can't just take over territory <hes> anymore. <hes> trump wants to look past that and let putin back in. You know. That's another issue where there's just just not agreement between the u._s. And the other six members and also the other main topic of discussion was iran. I guess trump was blindsided or said. He was blindsided by news. The top iranian officials showed up at the g seven summit. Yeah i mean most of those countries had worked on that iran nuclear deal a few years ago that the trump administration then pulled out of and so the other our countries have still kinda wanted to salvage something there the trump administration has has wanted to take a different approach towards iran. We've heard different statements over the weekend about whether or not the u._s. knew this was is going to happen. So you had to be honest. I don't know the truth of it. <hes> but in the press conference with a manual mccrone at the end of the summit trump wasn't super negative about iran and even raised as the possibility that trump and iranian state would meet at some point in the future although it's not clear exactly when that might be wall street journal reporter josh zimmer joining us from washington. Thanks josh thanks for having me next. The wall street journal reports on how nissan chief carlos gone built a parallel business <music> as an investor in silicon valley with his son using millions of dollars he received from an executive at a nissan business partner in oman. The wall street journal's nick kostov dav wrote the story and spoke with sam western so nick. This is a complicated story. But what do we know about the funds that carlos goan used used for his investments in silicon valley startups so this story really begins in twenty fifteen and that year the the goan set up open investment vehicle in delaware who'd shotgun investments and this vehicle is to invest in startups in silicon valley so do i this work does that going son antony who was working at the time for a silicon valley investor j. lonsdale he would find investments and find stops which he thought would do well and he woods either make the investment himself. If there were swollen investments they were larger investments he would oscar's dodds for permission and for funds to invest the money in today startup so for example he wanted to make an investment in grab and so he amount his dad saying the grab was interesting investment and his dad sent over two million dollars and anthony obviously made that investment excellent so anthony who's ready to hunt going really provided the funds and obviously these funds now no we're coming from a nissan san client who is based in no man and who deposits money in a funding in lebanon and which then mr going direct rex to shogun investments okay so so what do we know about this connection with the fund in lebanon so the money which ended up at the delaware funding which was been invested into various start ups. We know that it came from an executive at a nissan distributorship co-defender kumar he's an international and he transferred the money from his bank account in switzerland to lebanon-based vehicle and then the money was transferred over to shotgun investments in the u._s. Now would japanese prosecutors allege. What nissan investigators believe is that. This money was actually siphoned-off from incentive payments that nissan were paying to the distributor in. I'm so japanese. Prosecutors specifically say that of two five million dollar payments that nissan may to the distributor twenty seventeen in two thousand eighteen five million of that they charge was diverted through the international defender cuma lebanon and over to show gun investments in the u._s. Now how tall us gun has very strongly denied these allegations yeah obsolete colors golden denies the allegations completely and forcefully and says he will fight inco and if given a federal prevail he says that this was a private investment he was providing private investment advice and that there was absolutely no link between screened the money that nissan which paints distributor and the money to defend ukraine with providing in that ended up as shogun investments yeah we'll forgetting any notion of criminality analogy. We still know that he had a personal business dealing with a client of nissan. What can we learn from this story about the broader gun saga. I think the story can paint a fuller picture of college <unk> actions. I didn't know of time the since november people who've been talk talk about this case in black and white is gonna give t's not guilty if he's not guilty then he should be allowed to go free. We we don't have anything criminal here but at least it allows houses to save more weakened <unk> very say that he started a kind of parallel business with a with a nissan client where he helps to invest forty million euros of funds coming from this person whether it's criminal or not i think it by international business standards. Many people say that that that shows somewhat questionable schnabel judgments and also decided that he didn't he didn't tell the company maybe create some sort of conflict of interest so i think it allows houses to to paint a picture of his actions in the years the japanese prosecutors and listening to the wall street journal's nick kostov and that's what's news for monday afternoon. I'm charlie turner for the wall street journal. Thanks for listening.
The Fight to Rewrite the World's Biggest Trade Deal
"This episode of the Journal is brought to you by business schooled a podcast by synchrony in season two of business schooled new host. Sarah Darby is meeting with with eight American entrepreneurs to find out how they're not just surviving but thriving subscribe to business school. Wherever you get your podcasts? The one of President Trump's biggest campaign promises was to get rid of the trade agreement. Nafta that after disaster and I call it one of the worst trade deals in the history of any country. Trump called NAFTA a job killing deal that needed to be undone and that promise to undo undo it helped propel him to victory in two thousand sixteen they came and they went to Washington and they did nothing but unlike those politicians I keep my promises now. He's closer than ever before to getting rid of Nafta this week Congress agreed to vote on the new trade agreement that would replace it called the US Mexico Canada agreement but while trump claims victory here. So do the people who often antagonize nice him house. Democrats said victory for America's workers. It's one that we take great pride. It great pride in advancing today on the show. How two sides that are opposed on so many issues both came to see this one deal as a victory and and was actually in the deal that made that possible? Welcome to the Journal. Our show about money business empower. I'm Ryan Newton and Caitlyn by it's Thursday December. Twelve I think I'm here to help record a podcast on Nafta that's my that's my goal. Then wait a minute. I didn't think this was on NAFTA. I thought this was on a Masada. I don't I know what do they call it. Well some people jokingly call it you smack you smack really yes but officially US MCA. You've you've officially have to say off flutters Josh. Zoom Brune covers economics and trade out of DC. He's been closely watching how you smack or US MCA came together. And why it it matters this really rewrite the rules of trade for all of North America. Mexico and Canada are the number one number two trading partners the United States and this is the deal that governs trade on this whole continent basically and so because of how big the US is. How big this trait? What is this is really kind of the world's largest trade deal the old rules of trade between the US? Canada and Mexico were established under NAFTA NAFTA the North American Free Free Trade Agreement was a republican idea Ronald Reagan. I campaigned on the idea of creating this North American Free Trade Zone on we live on a continent who's three countries possess the assets to make the strongest most prosperous and self sufficient area on earth. With of course the Republican Party had traditionally being the Party of free trade and under George H W Bush the first George Bush the US Canada and Mexico really police said about it negotiated this trade deal but they weren't able to quite finish it under George Bush's presidency and so fell to Bill Clinton to finally passed the deal get passed in nineteen ninety four twenty five years ago. One of the IDEAS BEHIND NAFTA was that it would help keep American. Companies Competitive Live globalization was bringing new players onto the scene and American industries needed. Help to keep up. One example is the American auto industry history. So you know you think of General Motors. Ford as these quintessential American companies but the only way they can compete with automakers in Asia Asia or in Europe is to be able to have those Mexican factories that aren't as expensive to operate as the American ones. That's the only way the American industry is kind kind of able to hold its costs comparable to its foreign competitors so you have to have this integrated North American chain of factories for autos to be able to compete okay. That's the economics of the auto industry. WHAT DOES NAFTA due to make that a possibility do us? It has a lot of restrictions and barriers that exist for most countries to try to do business with and that's especially the case in the automobile industry. You know if you want to bring a pickup truck into the United States that's manufactured in Europe or Asia. You have to pay twenty five percent tariff you wanNA bring in a forty thousand dollar pickup truck with twenty five percent tariff as an extra ten ten thousand dollars in the cost just from the tariff Mexico and Canada the only countries get outside of that tariff as part of their membership in Nafta and so you can put a a pickup truck factory in Mexico. Do that final assembly with Mexican wages bring it into the US at a price that is still attractive to American consumers and so so it's all these things that are what allow the economics of a trade agreement to work and so for twenty five years Nafta has been the the rules of the road. I mean it's been governed economic relations between the three countries here in North America and generally. How have those twenty five years been viewed you know? Most economists economists would say that NAFTA has overall been a great success. The trade between the three countries has grown enormously so most people would look at this and say it was a success but there are always critics and of course president trump became the most important president trump said when he was campaigning. But Nafta was the worst trade deal ever made NAFTA was the worst trade deal in the history. It's like the history of at this country. Nafta has destroyed New England. Ohio is less silly. One in three manufacturing jobs since NAFTA disasters and totally really disastrous NAFTA NAFTA one of the worst trade deals ever signed in the history of our country perhaps the worst ever signed in history. Frankly of the world you think of American manufacturing over the past twenty years and they're definitely been a lot of factories that have closed in have gone overseas Aziz and a lot of those did go to Mexico and so that's been the critique of president trump. He said that these deals had allowed. Companies to kind of suck the the US labor market away these deals had allowed Mexico to take advantage of the US steel US jobs. And that was you know. A critique Sheikh of Bernie Sanders as well and it's been a critique of a lot of labor unions that NAFTA kind of suck jobs out of the US and put them in Mexico you know it's tough for a politician to go to people in town where that happened and say well overall the US economy is much better off. You know yes your town lost all its jobs but you know the. US is a three hundred million person. Country Baba it's not a very compelling argument to give to people who actually did lose their jobs from the steel and one person who put it eloquently said. I think this was the Harvard. Economists Danny Rodrick who said something like trade deals produce more winnings than losing 's but it doesn't necessarily mean they produce more winners than losers. There's a lot of people that can still miss out from these types of deals and there certainly are those people I mean. That shouldn't be lost in this discussion. It was that message that helped president trump win key industrial states in his election so when trump took office making major changes to Nafta was at the top hop his agenda. What did Canada and Mexico? Say about this idea of renegotiating Nafta when it came up all three countries nude there were kind of some issues that it would be worth. Updating one is that nineteen ninety-four. You almost had no internet right. But now you think about how much commerce happens happens on the Internet so there was a sense that everyone had that it would be really worthwhile to come in and put some rules on digital trade. Another really big example is Zeta quarter century ago. Mexico's government owned its oil industry. It was nationalized industry and since then industry has been privatized and so that means that in the original original Nafta there are really no rules at all about trade in energy. All three countries are big energy countries. Actually and they didn't have energy provision in their trade agreement so there were you know there were a handful of examples like that out there where everyone knew it made some sense to update it but people were really afraid of how president trump was going linked to conduct the negotiation and in April of twenty seventeen president trump made his opening salvo. She threatened I to just just pull out of NAFTA entirely. Just blow it up entirely and go back to the rules that had been in place twenty five years ago it would have been a real mess for people that threat. It shook financial markets and led to a flurry of calls to the White House from business executives and it was two other calls one from the Mexican president and another from the Prime Minister of Canada. That helped convince trump to start negotiating. Instead didn't go. She held like a dozen rounds of of meetings. They would have a some in Canada. They would have a summit Mexico. They'd have a summit here in Washington they would go back and forth and it just looked like it was one of those things that wasn't going anywhere and president trump just got fed up with how slowly his trade agenda was moving and so president trump decided. You know what I am really gonNA use tariffs as a tool to get people to the negotiating table. And how did he do that. The first major tariffs he announced March of twenty eighteen where it gets steel and aluminum and use an interesting law. He used a log called called section two thirty two of a trade act from nineteen. Sixty two allows you to impose tariffs if you determine. There's a threat to national security under this Cold War era law. The president was able to say that importing metal like steel and aluminum from other countries had hurt America's the ability to make weapons tanks aircraft and that according to a report from the Commerce Department was a threat to national security it. It was a giant shock to kind of the global trading system when they did this almost everyone. Every major trading partner got hit with steel and aluminum tariffs and that was kind of the moment that that really did spur things forward. It led to a lot of anger in the countries that were hit but it did accelerate the pace of negotiations jump. Start them at jump. Starting a maps I mean stealing. Aluminum are big industries in North America trades rates. This was a big deal for Mexican candidate and interestingly is he imposed these tariffs on Canada. Right before a major g seven summit where. The world's leading economies all get together and Canada was the host of that year. That's a power move. Its power move. It's a heck of a gamble and I think even the now a Lotta people would question you know whether or not it was worth it. I remember you know this press conference. The Canadian Prime Minister Justin Trudeau gave save after those tariffs went into a fact and he delivered this line about these were national security tariffs and he said these tariffs are totally totally unacceptable for one hundred fifty years. Canada has been the United States is most steadfast ally from the beaches of Normandy. Normandy did the mountains of Afghanistan Americans and Canadians have fought and died together. How can you label us a national security threat? It led lead to a really kind of severe strain. I think in trust between these two countries so after the g seven what happened. It was a a little bit of a tricky road to to get negotiations back on track and in fact president trump used another tariff threat to galvanize things. He threatened that he was going to use those same national security tariffs but instead of doing it on stealing aluminum. He was going to do it on automobiles. It's an auto parts. He was talking about. Putting twenty five percent tariffs on every automobile and every autopart coming into the United States it would have been almost four hundred billion dollars of imports every single year so that threat is actually bigger than everything that's happened in the U. S. China Trade War put together some people compared this to kind of like threatening a nuclear bomb or something in the trade space. I mean. That's how big of a deal this was seemed to be going nuclear brought Mexico back to the table all the US and Mexico came close to agreeing to their own deal and eventually that Canada back to the table to the three countries finally came to an agreement it last year in October but that agreement still had to be approved by Congress. The amazing thing is that even when you have all three countries agreeing to this thing. You've you've still got to get Congress to vote on it and it's kind of funny. I mean when they were doing this in in twenty eighteen he had a republican controlled. Senate you had a Republican controlled House. But then November two thousand eighteen. The Republicans lost the House of Representatives. And so suddenly you had a completely different landscape scape. It's great that you have Mexican candidate agreeing but you have to get Democrats in the House of Representatives to support this trade deal now. What convinced the Democrats to get on board? That's after the break. This episode of the Journal is brought to you by business school a podcast by synchrony synchrony is changing what's possible awesome for people and businesses with consumer financing solutions digital innovations and data insights. That help them grow. And now business. Schools is back with with a new season and a new host Seraya Darby. She's meeting with eight entrepreneurs to find out how they're not just surviving but thriving new season new host. I new things to learn on season. Two of business schooled. Subscribe wherever you get your podcasts Welcome back the Democrats have spent the past year renegotiating parts of the US MCA and this week. They've announced what the final version looks like. There are new rules about energy digital data generic drug manufacturing their rules that give dairy farmers more access to Canada and rules. That require more vehicle. Parts be made by workers who earn at least sixteen dollars an hour which might help boost. US auto manufacturing. There's a lot in it but for Democrats probably the biggest one of all was the labor issue. Why was that the biggest issue you know? Democrats have been a little worried eight. I think at how successful president trump had been at appealing to people in the labor union community. Democrats viewed labor unions is like their traditional one of their traditional bases in one of their traditional centers of power so for a Republican president to come in and do something that the labor unions like. Actually kind of liked was pretty alarming to them. So what did the Democrats negotiate for. They wanted to make sure that Mexican factory workers had better better standards. They didn't want Mexican factories to just be like the very bottom of the barrel. Just dirt cheap wages. No safety standards quality standards words. They wanted to raise the floor on Mexican factories. So that the difference between an American factory to Mexican factory wasn't so severe rate so what the Democrats essentially are trying to do is kind of bring over some of the factory standards from the US to Mexico where there aren't such strong labor unions. It's in an attempt to even the playing field and essentially help American factories. Exactly okay so the Democrats spend a year renegotiating this trade deal and in the end. How different is what we have now from Nafta there are kind of significant provisions in a few of these areas like energy digital trade labor auto rural but overall probably eighty percent of trade? Or something like that. It's GonNa be pretty much the same between the new deal and the old deal. Economists Up told the Journal that this new agreement won't bring an economic boom to the US though there will be some benefits in particular industries like agriculture technology. The in manufacturing those benefits could take years to see but for now Josh says there's a more immediate impact the big effect here is is actually just having this uncertainty resolved. You know there's probably been a lot of companies who were trying to figure out exactly what they were GonNa do with their business US operations you know. Are you going to build a new factory in the US. You're going to build a new factory in Mexico or you can hire a Mexican factory as one of your key suppliers. There's is a lot of decisions like this that I think have been on hold and so now that you have an agreement in place. There's a lot of those things where there's no reason to wait anymore. You know that you're gonNA. It'd be able to have a Mexican supplier for your factory in Tennessee. You know you know you're GONNA be able to get Canadian steal your plant across the lake in Michigan and and so people can kind of get things going again and if US MCA is not that different from Nafta do you think it really is a victory for the president. I think it is. I mean the campaign pledge was to renegotiate the deal and they did that. The president's policy policy win comes at an incredibly tense time just an hour before house speaker. Nancy Pelosi announced this deal. She held a different press conference to to announce the Democrats were moving forward with two articles of impeachment against the president. So on one hand the Democrats are trying to impeach. The president went and on the other. They're working with him to achieve this major trade victory. Can you talk about the politics of this moment. And why they would do that. I think a lot of Democrats especially those who are in districts where frayed is very important. Couldn't afford to have this deal fall apart and have it be Their fault I mean a lot of them are fairly pro business themselves and they don't want to be the ones responsible for wrecking the economy in their district. Democrats have a lot of kind of self interest in supporting this deal as well. So it's not like they were handing him a victory for no reason and you know if you're a moderate Democrat and you're in one of these districts state elected a Democratic Congress but maybe voted for president trump by a couple of percentage points. Things you know now those guys ray will do commercials where they say. Do you know when the president was doing good things I worked with the president. I'm not someone who opposes every good thing that Washington Tim tries to do the. US MCA goes into effect. Once it's passed by all three countries legislative bodies he's in the US the house's expected to vote on the trade agreement next week with the Senate taking it up in the new year. And that's all for today. Thursday December twelfth the Journal is a CO production of Gimblett and the Wall Street Journal. A special thanks to we'll Malden for his reporting. Thanks listening. See You tomorrow.
Hong Kong Protests; Trump's Tariff Reversal
"If you like news and podcasts here's some podcast news. You'll love now. You can listen to podcasts on spotify. Click the podcast tab and your spotify app to find all your favorites and discover cover new ones all your podcasts all in one easy place. Listen free on spotify. The protesters takeover of hong kong's airport turns violent during a second night of occupation further snarling travel plans i can the protesters realize that they have found a half the one location and it's fifty displeased with pig after they have most of the other places that the processes of arrived in a reversal the trump administration delays threaten tariffs against against china until december fifteenth. One of the motivations here. It's becoming clear was that the trump administration wanted to avoid imposing these tariffs right before christmas. It would really affect consumers when they go to buy stuff for the holidays. This is what's news from the wall street journal. I'm charlie turner in new york. We'll have more on those stories in a a moment. First here are some other stories. We're following after several failed attempts c._b._s. And viacom have reunited agreeing to merge in an all stock deal valuing viacom common eleven point eight billion dollars the wall street journal's ben mullen says c._b._s. Viacom a recombining in a media landscape vastly different from the one that existed in two thousand thousand six when sumner redstone split the two companies. You had these two companies that are for the most part legacy t._v. Companies although executives would argue they've made big strides in direct consumer streaming so the question is at a time when most people are getting their news shows and other premium entertainment through direct to consumer streaming can these companies compete and i think i think that's a question that remains to be seen and they're really gonna have to show the street that they can do this. Redstone daughter sherry redstone will become chair of the company. She and her father control both c._b._s. Viacom through who they're holding company national amusements to jail staffers who regarding jeffrey epstein's unit the night he died were placed on leave tuesday and the warden of the new york detention facility acidity was reassigned as the justice department intensified its investigation into the circumstances of the disgraced financier's death in the hours leading up to mr mr epstein's death. One of the guards overseeing him wasn't a correctional officer. According to a person familiar with the matter his cellmate in a special housing unit was also gone leaving giving mr epstein alone and unsupervised the new york city medical examiner believes mr epstein is cause of death is suicide by hanging but is awaiting additional information from law enforcement before releasing her official findings. More than twenty states are suing the trump administration over its rollback of climate change regulations for power plants. New new york is taking the lead joined by california and others claiming that the federal government is abdicating its responsibilities under the clean air act in all twenty two states. The district district of columbia and six cities are filing suit saying new rules the e._p._a. Approved june illegally eliminated requirements that would have reduced the greenhouse gas submissions that cause climate change by effectively forcing coal-fired plants to close if you like news and podcasts cure some podcast news as you love now you can listen to podcasts on spotify. Click the podcast tab and your spotify app to find all your favorites and discover new ones all your podcasts all in one easy z. Place listen free on spotify protesters occupied hong kong's airport for a second night in the takeover degenerated into a battle with police. We spoke several hours ago to wall street journal hong kong reporter mike byrd. I am the hong kong international apple right now. <hes> which is obviously the scene of another night of dramatic protests and violence between the police and the protesters and the violence and the clashes are from what i can understand much worse than what happened the previous day well the previous day. I think the police essentially opted to leave well alone. <hes> the <hes> there was still a little passages the apple as well tonight an l. did not declare the protesters out despite the fact that they shut it down <hes> tonight what happened that was different was the protest is someone captive captive suspecting them to be a mainland chinese police officer working undercover <hes> and wouldn't allow him to be taken out by paramedics and and that's seemingly why the police intervened tonight and took section of the apple so they took back a section. They didn't clear the whole airport. They didn't know they haven't cleared the apple. The apple is still full of protesters and the police once they had the <hes> the guy who's been captured by the protesters. <hes> <hes> bucked out they they left the apple and it doesn't allow that coming back seasoning and i imagine that businesses shut down. There are no flights leaving or arriving. Noah no flights leaving that have been flights arriving at the arrivals full is below the deposits whole <hes> all of the drama was tonight <hes> so there have still been flights getting and but again it was <hes> it was mid to late afternoon today as yesterday where the protest numbers got so great <hes> and the departure gate so blocks off the all the flights stuff to being canceled. What is the reaction from travelers. Who've tried to use the airport like the reaction from the travel is trying to get into the apple was was was pretty negative today and some of them very frustrated. Obviously people wanting to home or wants to see that. Families are a little bit upset. You do you get the occasional people sympathizer the protesters but most of most of them this evening were pretty frustrated. Some of them very angry and what about the overall reaction mike from people in hong kong long to these protests but i think one of the things is hong. Kong is really not very violent place. It's typically a very very safe and previously over the very well policed east place and this sort of <hes> displayed a real dividing line in hong kong between the people who back the protesters <hes> and i think some of those might change their minds and say as things become a violent and knows about that the lease of some of them might change their minds thinking that the police have gone. Oh you fall but it's a real split <hes>. There's a lot of people very very angry on both sides. I understand that employees. Public hospitals have gone on strike. Is that right yes. They've gone on strike. After a nurse and weekends trophies that's <hes> was shot with a nonlethal round <hes> in in the eye and blinded in one. I love them wearing sort of eyepatches left. I am in protest at police violence. What has been the reaction or you know any comments from hong kong leaders and also officials in beijing well hong kong's chief executive carrie. Lam <hes> really refused to answer a question question today. She's asked today <hes> a press conference of of what if she was in charge of the decision of whether she could withdraw the extradition bill which was what these these protests were initially based on whether she was in charge of that process or whether beijing was in charge of that process she refused to the question which some people here in hong kong tells you everything that you need to know <hes> and from beijing the rhetoric from the hong kong macau liaison office to the part of the government in beijing <hes> <hes> deals with hong kong <hes> has been very very negative and also escalating since their rhetoric <hes> it was referring to the professors the terrorist movement <hes> a couple of days ago and yes things have gone really caught. A long way on that front and mike is were speaking. It's almost one o'clock in the morning wednesday in hong kong and we can expect another day of this at the airport. I think we possibly can i think protested realized that they have found perhaps the one location in this city that police will will not clear we'd take asses they have most of the other places that the protests just arrived over the past ten weeks or so i would not be at all surprised is is something kicks off tomorrow whether the police will be better prepared for it tomorrow i on wall street journal reporter. Mike burr joining us from hong kong. Thanks mike thanks. The trump administration will delay some tariffs against china on consumer products until december fifteenth levies were set to take effect on september first against roughly three hundred billion billion dollars of chinese imports stocks rose sharply tuesday following news of the delay joining us with more is the wall street journal's josh zoom brune. Who's in washington josh. This announcement came from the u._s. Trade representative's office the u._s. t._r. Do we know which products will be removed from tariff lewis. I would assume that cell phones and apparel would be included included. They've just published lists and so we're still going through it. You know there's thousands of items that are covered by these tariff so it takes a little bit of time to crunch all the numbers they definitely they have removed some of the biggest ticket items like cell phones and laptops. Those two items right. There are about eighty billion dollars worth of trade. They've also removed a lot of apparel but not all of it. They've removed most things that are toys and stuff of that nature and so when you look at the list of things that have been removed. We see that it's it's especially stuff that would have been important for the upcoming holiday shopping season. One of the motivations here. It's become clear was that the trump administration wanted to avoid imposing these tariffs right before christmas when it would really affect consumers when they go to buy stuff for the holidays. It sounds like they darn well better. Make a deal by december fifteenth fifteenth or it's gonna happen right in the middle of the season the reason they can push it off until december fifteenth because by the time you get to december fifteenth anything that's coming into the u._s. For the holiday season has pretty much already been purchased so even though these tariffs would take effect before christmas this would all be we good that we wouldn't start seeing on store shelves until afterwards so this really does get these items past the holiday season you would start to see increases on these items comes in two thousand twenty if they carry out this plan but this really is sufficient to punt them past christmas. Did the trade rep's office. Give a reason for the delay they gave no real reason from on the trade representative's office but president trump has been out there making <hes>. He's discussed this with reporters already today and he said two things he said one is that there was a call between in china's top negotiators in the u._s. Top negotiators and so i guess there's some sense that those talks are <hes> at least a possibility of being back on course but the second reason that the president mentioned was that he didn't want to do this right before christmas. The reaction to the plant tariffs has been mostly negative from companies which say the tariffs will damage their business yeah overwhelmingly for this latest round of tariffs. I mean win the u._s. t._r. Held they held hearings on these tariffs when the idea was first floated back in may and <hes> several hundred companies came out and testified over the course of seven days and the companies were overwhelmingly opposed. I mean it's not to say there's no companies that support the tariffs against china there are there were some companies that showed up. It's just the vast majority. If you do kind of a survey of companies there's far far more companies hurt than helped by these types of policies and so we saw that at the public hearing but the administration is also hearing hearing that you know when they do meetings that business groups are at <hes> you know when the commerce department is out there when the treasury is out there in the e._r. Is out there the feedback they're getting from u._s. Is businesses is overwhelmingly negative and so there there i think really taking the negativity coming from the business community on board and just as important <music> as you briefly mentioned. The delay buys time for u._s. And chinese negotiators to make progress on trade talks which have been stalled yeah they met in july in shanghai saying hi and they didn't really make any progress they left those meetings putting out a statement saying that they had you know productive talks but there were no specific breakthroughs no specific things that they said we made progress on you. Know is very vague and so there was a thought that that things might really be falling apart. I mean the trump. Administration has really wanted to see china agree you too large scale. Agricultural purchases in china hasn't done that. They haven't been willing to do that yet and this at least you know buys time for that to still come together. Rather i mean if the u._s. had moved forward with these tariffs in full the chance of china agreeing to buy american agricultural products. It would probably would have been dead in the water for this season now. There's you know there's still a ray of hope for farmers that <hes> maybe china will come back into the market and kind of help soybean prices and and other agricultural commodity prices recover you know without china there as a buyer without those one point three billion people buying american food. It's really hard for american farmers rush to get good prices for their stuff wall street journal reporter josh zimmerman joining us from washington. Thanks josh. Thanks so much for having me u._s. Inflation picked up in july. The consumer price index rose three tenths percent last month from june and was up one point eight percent from july two thousand eighteen the c._p._i. Measures would americans pay for a wide variety of goods and services joining us with more on this is paul kiernan of the wall street journal. Who's in washington. I paul what drove the rise in consumer prices last this month well the rise last month was pretty broad based but there was a pickup in energy prices that definitely helped and and also just a lot of services rising to really steady rate shelter transportation medical care so it was just a lot of things and the core rate leaving <music> out food and energy prices was also up three tenths percent. Yeah the core rate was up point three percent that was stronger than expected and it was the second month in a row that we've had that kinda mccain. We're going to be looking closely to see if i if that remains hot but pulled didn't the higher prices sort of erode workers wages <hes> yeah there was a slight decline in what we call real hourly earnings on the month now on the year workers wage gains are still pretty strong and that's because has twelve month inflation remains pretty low so it's definitely something to keep an eye on. If inflation adjusted earnings continue to decline it would be you know cause for concern maybe consumer spending but the monthly numbers just tend to jump around a lot and it's not something to worry about at this point. The federal reserve irv will hold its next monthly policy meeting in the middle of september. How would an inflation report like this be received by the fed. They've been worried about now we can flation yeah and they're likely to remain worried about inflation in the <hes> interest rate futures market which basically tracks the odds that investors are placing on rate cuts. We saw the odds of a bigger rate cut decline a little bit after today's report so it may have strengthened the case for you know a smaller rate cut but at this point the fed is a lot more concerned about economic growth global growth trade policy fan dan about you know high inflation wall street journal reporter paul kiernan joining us from washington. Thanks paul all right. Thank you and that's what's news for tuesday afternoon. I'm charlie turner for the wall street journal. Thanks for listening.
Corporate Earnings Beat Expectations
"Explore Napa Valley California with W._S._J.. Magazine and into Garay Join W._S._J.. Magazine on intimate winery visits with globally acclaimed winemakers and celebrated shafts enjoy stunning views Michelin starred restaurants private sellers and much more book this exclusive trip at indoor dot com slash W._S._J.. Magazine or call six four six seven eight zero eight three eight three a fatal shooting. Eh Food Festival in California leaves three people dead floss wear in the thick of earning season out of the entire five hundred nearly a third of the companies that have reported so far have beaten expectations and the U._S.. In China up prepare for another round of Trade Talks U._S. wants China to commit to real fundamental changes in the structure of its economy this what's news from the Wall Street Journal. I'm Marie for totally before we get to earnings and the Fed here are some top stories we're following a fatal shooting at the Gilroy garlic festival in California left three people dead and more than a dozen injured according running to the police one suspect was also killed by police Gilroy police chief Scott Smith He. We have one suspect. We know that is down. We have some witnesses reporting that there may have been a second suspect but we don't know oh if that suspect was engaged in any shooting or whether they may have been some sort of a support role with the person that we have accounted for the shooting broke out around five forty P._M.. Local time as the three day festival was winding winding down for the latest on this developing story police check our website W._S._J.. Dot Com National Intelligence Director Dan Coats is stepping down from his post next month. President trump made the announcement on twitter saying he will nominate Texas Representative John Ratcliffe for the job coats who has served as intelligence director since March of two thousand seventeen as longtime critic of Russia right cliff drew the support of trump allies and conservative media outlets for his questioning of former special counsel Robert Mueller clashes between police and protesters took place in Hong Kong over the weekend in what's been a summer of protests against Beijing's encroachment police used tear-gas gases. They fought to contain thousands of protesters Hong Kong. Police said they made at least forty nine arrests on Sunday. Protests began in June and the last few weeks have marched an increase in the intensity of confrontations. They began over controversial extradition Asian law that since been put on hold demonstrators wanted withdrawn for good Chinese officials have reminded protesters that the Chinese military could legally be called upon by Hong Kong's leadership analysts say that's unlikely but it has added to uneasiness in the city Colombian Egon Bernal won the Tour de France on Sunday the first person from his country to do so and at twenty two the youngest torture France winner in one hundred ten years the Wall Street Journal Joshua Robinson says it was one of the most exciting tours in the three decades. What made this race so exciting is that we really didn't know who is GonNa win until the last three or four stages and that's not common in the modern modern sort of France? The past few years team ineos mostly known as team sky in those days. would be like a Boa constrictor this race taking control early and slowly suffocating. What we had here was a French guy named Julian Allah Felipe who wasn't supposed to be in the Yellow Jersey attacking all the time holding the Yellow Jersey for fourteen days his and giving this race <hes> some flavor and a little bit of French hope which we haven't which we haven't seen in several years now but ultimately it was bernal who pulled ahead in Brunell is twenty two years old from Columbia and he is a cycling prodigy this guy as his teammate Gareth Thomas said was born to go uphill fast he lives at altitude and trains at altitude in Columbia so that even some of the highest climbs at the twitter France where actually lower than where he lives and he is just so cool and so poised that you get the sense that not only was ready to win the twitter France but the first of many that's The Wall Street Journal Joshua Robinson? We're in the midst of earning season and there's more to come this week including reports from apple proctor and gamble and Kellogg joining me now with more on what we're seeing so far and what we're watching this week is Wall Street Journal reporter Mike Worst Horn so mike we heard from a bunch of companies last week including several tech giant's. What can you tell us about what we're seeing from that sector in particular so there's been a lot of surprises which is something that's been helping to rejuvenate rejuvenate the market a little bit the S&P five hundred rose another two percent so far in July and it'd be part of that is because you have seen some of these big tech name some of these big tech companies post better than expected earnings alphabet being one of the more recent ones that did that you know during their trading on Friday they were up double digits at certain points of the day just because investors really enthusiastic about a company like that still being able to show that it can continue to generate profits in revenue in a more challenging economic climate twitter was another one that also had very well received results but the situation has been somewhat mixed amongst some of the technology names facebook being one of them they had great earnings but they have <hes> various regulatory issues that they're coping with so the stock price was a little more muted in terms of the reaction to that you know that said out of the entire S&P five hundred nearly a third of the companies that have reported so far have beaten expectations so far? This has been a pretty well received earnings reporting season so let's talk about some of those companies reporting this week cool you be keeping a close eye on will apple's going to be one of the biggest ones and that's GonNa be extremely important just because you know one. It's Tech Company in two. It's a manufacturer and I think the one things that's really stood out this earning season you know part from the ones that are doing really well is that manufacturers industrial manufacturer specifically or having a pretty tough time caterpillar warrant about their earnings over the last week and that's because there are trade tensions in you're seeing slowing economic growth in other parts of the world like Asia in Europe so for apple well you know they warned earlier this year that some of those concerns that are affecting caterpillar were also affecting them so investors will want to see whether or not that's still the case or if apple sort of joining some of the other tech companies and and are able to sort of you know muscle through this challenging period so we often talk about uncertainty over trade. What are some other potential roadblocks on the horizon? We'll I guess the other next big ones going to be the the Federal Reserve meeting and that's going to be coming up this week as well and investors will want. Let's see whether or not the FEDS GONNA actually cut interest rates right now. The expectation of interest rate cut is heavily baked into stock prices. The S. and P. five-hundred is up twenty percent a big chunk of that is because of those rate cut expectations not so much earnings and not so much some of these other factors that were helping the stocks last year like say the tax cut so you know that said if the Fed doesn't move forward and cutting rates or signals that you know they'll be less ray cuts on the table than expected analyst and investors are preparing for a bit of volatility. They expect stocks that have to come down because you just can't pray stocks at the level the rat now the interest rates aren't gonNA come down so that's probably just as important as trade tensions which you know continue to linger in the background right now. That's Wall Street Journal reporter Mike Worst Horn. Thanks so much Mike Venture capital one knows life doesn't alert you about your credit card. That's why they've created E-e-e-e-no the capital one assistant that catches things that might look wrong with your credit card N._o.. Catches over tipping duplicate charges or potential fraud and then sends an alert sheer phone and helps you fix it. It's another way capital. One is watching after your money when we're not capital one. What's in your Wallet See Capital One dot Com for details else the U._S.? In China resume high level talks in Shanghai this Tuesday after negotiations broke down in May the Wall Street Journal Charlie Turner spoke with reporter Josh Zoom Bruin for more details on what are likely to be the most contentious issues what topics are expected to be discussed. I think among them near the top would be the terrified. That's currently going on also intellectual property technology that sort of thing so those were the big the big issues when the talks broke down in May <hes> and those are still the biggest issues the U._S. wants China to commit to real fundamental changes in the structure of its economy China wants the U._S. to drop all these tariffs once and for all China really wants the U._S. to back off the technology telecommunications company while away. Nobody really thinks they're going to make huge progress on these really big issues this week. I mean this is the first time getting back to talks in over two months after the big break down so the people are thinking that maybe they're going to be focusing on a more limited set of issues one area where they could make some progress is agriculture. The president has really president trump has really wanted China to commit to making more U._S. The U._S. agricultural purchases. This trade war has been incredibly hard on the U._S.. Farm economy president trump has thrown a new wrinkle into the U._S.. China trade dispute on Friday. He pressed the World Trade Organization to change how it defines developing in countries and that means really he wants China to no longer be defined as the developing nation because he thinks that gives China an unfair advantage. Could you explain that yeah. This is an interesting little issue at the World Trade Organization where countries can go to dispute each other's trade practices practices but China benefits from the status that they're they're considered a developing country and so they do get some special benefits in these negotiations the reason the W._T._o.. was set up this way was to basically recognize that developing countries need a little bit of help to to get on their feet and be competitive in the international arena and so the argument that the U._S. makes is that for a country like China. This is the world's second largest economy. No longer makes sense for them to get this sort of preferential treatment and so you know it's an interesting little development. Element that as they're heading to Shanghai for new round in negotiations the U._S. has also kind of applying this pressure on the W._T._o.. In a way that would hurt China now. It's hard to say if this is going to be a big top level issue for China and the U._S.. US In the negotiations separate forums where W._T._o.. Issues can be discussed the W._T._o.. Is Everyone in the world not just the U._S.. In China so there's a lot more input that you would need to see other than just how the U._S. and China feel about that issue so it's an an interesting development but I suspect it's not going to be central to the trade talks. The bottom line is that it's a pre tough road for these two sides to even get back to where they were at the beginning of May and to get a big comprehensive deal is going to be really hard because the politics I think gotten harder in both countries China has its own hardliners who don't want to see their president. Give into president trump obviously U._S.. Hardliners don't want the U._S.. To go easy on companies like wow way which are which are so so integral to the telecommunication system in the world that people fear it could be a way for the Chinese to really meddle in things and pose a real national security issue and U._S.. Hardliners don't want the U._S. to give anything up there so in some ways these talks have gotten a lot harder over the past two months and that's why people aren't expecting huge breakthrough this week in Shanghai and finally here are some of the big stories to look out for this week we are of course keeping a close eye on the Federal Reserve which is expected to cut interest rates for the first time in over a decade that plan got a vote of support from former fed chair Janet Yellen The Wall Street Journal Nick Tim Rose Says Moore on Yellen's comments at at an economic event in Aspen Colorado over the weekend Janet Yellen. The former chair of the Fed was asked on Sunday what she would do if she were still leading the central bank and she said she would vote for a quarter percentage point cut in the feds benchmark rate this week not because she thinks economies during badly she actually said she thinks the economy's doing pretty well the job market strong but she said inflation looks too low. It's been running below the feds two percent target this year and global growth growth looks weak and it could beginning weaker because of the trade conflict <hes> between the U._S. and China. She said that businesses have been slowing their investment decisions because of uncertainty about trade and that what happens the rest of the world the slowdown in Europe and Asia will affect the United States eventually she also said a reason to cut interest rates this week would be because markets expect it. The Fed shouldn't do what the market wants or what the market expects she said but when the market sees the same things the Fed does anticipates the feds actions and the Fed agrees with the markets logic she thinks it makes sense for the Fed to go ahead and cut rates the Fed meets on Tuesday and Wednesday this week beyond meet the first alternative meet startup to go public reports earnings on Monday. The company is share price more than doubled in its debut Tuesday brings reports from drugmaker Pfizer and proctor in gamble and apple also reports on Tuesday after the market close and the democratic debates head to Detroit Michigan State Donald Trump one in two thousand sixteen will have more from voters and what's watch as we gear up for the second round of democratic debates.
Tara Reid, Aimee Carrero & the Busby Quints
"I've honestly had a hard time focusing on books to be honest I'd you're a big reader reader. Well I read novels but the thing is I don't really read non fiction but if you do and you're having a hard time getting back into the swing of things with this sort of new lifestyle these new anxieties your brain and heart to focus. I think is kind of a good way in right. We've talked about blend guest. Yeah we. It's this cool APP on your phone. Your tablet or your web browsers. You can do it on your phone computer. However you WanNa like chill in quarantine and it takes the best key takeaways the need to know stuff from thousands of nonfiction books and it condenses them down in just fifteen minutes you can read or listen to so it's like you can ingest all of this stuff all this information from nonfiction books quickly. If let's say your mind is elsewhere. So it's really cool you could listen to Demi Moore's memoir or read it in fifteen minutes you could listen to Michelle Obama's memoir in fifteen minutes becoming. You could listen to she he they me for sisters. Mr Binary resistors by Robin Rile. You've heard of these books and now you can get through them quickly if you're having trouble focusing on things and right now for a limited time bleakest has a special offer. Just for hooligans go to blink dot com slash shoe. Who try it free for seven days and save twenty five percent off your new subscription if you want to sign up. That's blankets spelled. B. L. I. S. T. BLINK DOT COM slash. You to start your free trial and you'll save twenty five percent but only when you sign up a blink dot com slash. Do you WANNA know. Can they say welcome to? Who weekly the podcast wheeler everything? You need to know about the celebrities. You don't Bobby Finger Lindsey Laver and we're delayed today because I've been trying to figure out why I stand with the Lesbian Babcock is trending and I figured it out and honestly I was like what is this because I had to click. I'm just sitting here for like fifteen minutes. Bobby's like okay. All all died. Baba thing is an old thing like an old me or just like Bob Duck being gay or Baba being like part of gay culture has already been a thing. I will explain this. I will explain this and I will. I will note. There's Oh I got it right okay. So there is an actor her name is Aimee Carrero. She is the voice. Shira in the new version of Shira. The NETFLIX Sheera Disney star and she was a free form star. She was on that show young and hungry which I never watched but she was on that the Shiro thing is the big thing because she is Shira okay. Fine Okay and people are watching. She's acting she's young. She's like thirty one years old. Okay whatever she's very active on social media. She has like a couple hundred thousand instagram followers. She's like being linked vocal about corona virus. Like this trump's fault blah blah blah blah blah. She's very woke. Okay that's the back story but she's also very famous right. She's famous. She's rich she's beautiful. Okay there's important someone tweeted you. Know the name of the little boy putting bullets and a gun and and always like when the class war starts and I got a like an. I'm the one assigned to kill Ex. That was the one about Bona Petit. And it's like oh he's sad he's like crying. Yeah the MEME is a Sad. Little boy loading gotta go loaded gun. Who has been assigned to kill someone they stand? Okay yes yes. And it's all a reference to like a vague class our like the French Revolution. Someone tweeted when the class worth starts. And I gotta put the Voice of Shiro in a guillotine and the little boy had a little boy that here okay. This got the attention of the voice of Shira Amy Carreira and she was really mad and she tweeted. Here's how it works. You Post about slicing my head off with the Guillotine or any other scenario that ends of my death you're getting reposted. Don't want that for you. Don't make jokes about killing me. It couldn't be simpler and then the Emoji of the woman going like whip with one arm. You know and people were mad at her. They were like why. Do You keep reposting. This person who said they were going to be sad about per year status out sad and she's like I get death threats all the time. This is not cool. I want to show the world because I am this person. Yeah that celebrities have to go through this bullshit a lot. So people are mad at her for continually repose. Doesn't it as a team that has been deleted that has been deleted? They're like it's been deleted? So why are you still riposting it? Okay who originally posted the joke about? Not Wanting to put the voice of Shere on the Guillotine at Lesbian Bob on twitter. Oh so it's not even about a lesbian Baba Doug. It's just it has to do with the somehow lesbian. Bob Is trending to what is trending as Hashtag. I stand with Bob Dole. I stand with lesbian. Because she's mistaking this. This memed joke this like standing. This announce you announce you stan. She's mistaking that for an actual death threat when what it is it's A. It's a construction of a name that means you stand. I guess and it's not that she even did anything wrong. The only thing she did quote Unquote Rung is be in the upper class so now people are comparing her reaction to someone else. Did you know the meme of The Wesley Snipes crying. Yeah Yeah Yeah. Yeah Yeah Yeah. It's like you don't want to someone did that. And it said when the class war starts and I've been assigned to kill Tony Blair and Tony. Hawk responded to someone posting that I appreciate the hesitation. Yes that's right. That's the now the Hashtag ice stand with Lesbian Baba is being combined with the Hashtag. Be Like Tony Hawk. It's very funny. We but so so this. This sheera actress is she's like she didn't the meme and the keeps riposting the mean that has already deleted but like she keeps posting it. Yes so there's a screen shop on on her instagram story. Right now and someone responded to her reposting the meam and then they said Holy Shit. Will you shut up and she said literally never. Here's how it works. You Post about putting my head on Guillotine or anything else that ends with my bloody minimize you are getting reposted so the answer is to like not make jokes about killing me sound good. Oh boy. But it's the number eight hundred right now. I love you honey literally. The whole premise of this joke is about hesitation. It's based on the popular as that went around the race war. Antonio it's about calling our classes and going I love you but this is about class. Okay everyone's trying. It's funny but anyway. That's that's really funny. I'm so glad you've dug into ice. Stand in Baba. Do I had to figure it out. And it's like most of the time when you actually dig into a trend you're like oh God. Why is this thing out of your life miserable? That was funny. Oh honey that was funny. Sometimes it's yeah we'll sometimes somebody's trending and I'm like Oh God and then I click it and it's like people defending them in the thing that they were training for was like is now a relevant. Because there's more people who are like this is wrong or I disagree than in the first place. It's a very bad system. Honestly that trending very bad system. It's badly yesterday. Dennis Quaid was trending and I was like Oh God does he like trump or something and he did so. I was just like okay. Well there you go so I was like okay like looked on the daily beast interview with him and I was like I don't care buddy says about trump. I WanNa hear what he says about his young wife. Their wedding had their delayed. I know too bad. It was like Marlow Stern. And he's like so what people are talking about the age difference and he's like I don't I don't care and then they just move on. Okay what did I expect from Dennis Quaid being asked about what is he gonNa Care? Yeah you're listening to WHO's there are weekly call in show where we take your questions. Comments concerns at six one nine. Who THEM WE'LL START WITH SOME COMMENTS? There's a really good one Right now so let's do this high. Who Weekly and I'm on. Cms BIRTHDAYS DOT COM. I would like to brush very happy birthday to the bus bus. Be Quintuplets who are so five. Five Year olds who are featured on the list today. They're ranked and they're not next to each other. So the first one is he's little who's number nine on the list and then. Riley in Asia are thirteen and fourteen on the list and they keep scrolling Parker is number twenty and then Olivia's twenty three. How that's kind of fucked up. This really made me laugh at each each busby quint. They're like five six five years old. Actually they're all the same age. They have different number on the on the rating list of famous birthdays. Like how dare they do that to the US full? I mean it must be Al. They're not they're not updating this every day like congrats as almost being number one. These the bus Quinn's are from a TLC reality show called out daughter which ran for six sees. You find out about a show that you like have never even heard. I've never seen I've never seen the title. Sometimes it's like oh I've seen the title but I have no idea is daughter'd out daughter'd so against the font looks like like that should be. It should be a really bad. Pg rated family like big budget family comedy. That's what this show is Rose Byrne and the Rock. You know that sort of thing. It's like they accidentally got all these kids. Know who's been out daughter'd he was a playboy and then you know he got all these daughters doctors like give you too much. I'm just looking at the the names of the episodes of the show. And they're one. They're all night. Four NATO warning. Quince on the high never killed. Nobody good good quince. Gone bad okay. Okay the nightmare before Easter when the busby's are away the quince will play. Why did you leave the kids alone? Okay next call. Can't wait for someone to call me like. I'm the biggest fan of out daughter. I in a long time long time listening to this week's episode and I just had to pause. She has orients charity while incredible may also be subliminal. Promo because he had a series as an estate of a care package and the care package too so I wonder if they're maybe just a little bit behind his act of giving care packages and he wants people to stream those albums from those make tapes. Still love him though. Okay that's all Kurds by it is not supplemental. It's what's going on. It's quite clear you knew that Amari and has to mix tapes each care package and get back to care. Baggage is beautiful. Art Care Package One. Twenty twelve check back to twenty thirteen. Check HIM OUT ON. Dep DOT COM Or maybe if you get a care. Package will include a copy of package. Some n ninety five masks gloves and baggage to mix tapes. I guys I had to pause the episode because Bobby said that Sally Field Son is hosting a show on Qube and that is not her. Son That is Dave Mazzoni. He's got who we comedian. And I thought it was so fucking funny to kind of do sound or the kind of look similar but without a call in because I'm making me bald and I'm dying over here Anyway Scar Jokingly Popeye to be fair. Bobby calls every gay person. He hasn't no sally field hand. That's not entirely true but it's half true. I'm Jovi thing is I didn't know so I knew who mat rogers was because he's the host of law school therese says and I'm when game show was announced I was like I don't know who that is but he looks like Sally Fields Fund and it's sort of like I told a lie enough times that it became true. I knew that he wasn't Sally Field Son but he recited like it was a joke. I on the PODCAST. A friend of mine. Dmv It was like I was laughing and it was. It's just you know it. You know what I called Christopher Walk. I called Christoph Waltz Christopher Walken and I mixed up the Hemsworth in the same quimby show. It's fine. It's fine but yes. I'm sorry. Sally Field Son. Sam grise men you are not the CO host of game. Show Dave is. I could be good. Yeah yeah I mean you know talented. He could be worse of Corn Shadow. Dave Mazzoni who is who is the host of game is the host. Okay next call. I just called to tell you that. What else said about knowing does Molly Shannon and Turlington Alia is wrong. I am twenty two. I know both of them. Are I know my cannon? Because she was in the Santa Clause two. And she's saying I feel like some Christmas and Tim Allen's character denies her and he was this custard by her. And I know Charlie Demilio. Because I'm like a little too old such a shock but I have one so we know who she is so I don't think you know I just don't I don't know like it's not that crazy. Okay I'm French. You are an older Gen Z. And I have. I found the song. Let me play it yet. It's weird knowing Molly Shannon from Santa Claus too but sure. I haven't seen Santa Claus too but I did see Santa Claus in theaters in theaters in Santa Claus with the family and then we went bowling afterwards. Oh that's so nice. Oh totally you rat Santa Rain. Just OH WATSON LITTLE WINDOWS. Pa DRANK and some a lot. Feel the stocking spray as talking sports on TV. I WANNA be three. He'll feel man. A little grass mass. I feel like some Christmas feel like some Christmas. I feel like some Christmas thought that there's all these movies where lake the man has to like go on a blind date and the woman's always crazy but it's like this dude is literally turning into Santa Claus. Why are they making the woman out to be a psycho he say like it's like you're calling me crazy that? I point out that you look like Santa Claus and our Santa Claus. Like no sweetie like that is not on me. That's on you. You look like Santa Claus. She's allowed to do Shania Twain parodies in public. If you are literally Santa Claus. She's like am. I going on date with Santa Claus. You know that that would spin you and you would lose your mind okay next call spin you. Let's do a few name blindness things. They're good coach I'll have ray league drummond race from them and then I just ray also raised done is a different person. They then read. They see me passing That's that's like I'm sorry I had never heard of radon but I looked it up. It's like a famous pottery brand That's expensive anyway. That raced rumored the the the hip hop group is. Don't forget it's ear drummer for staff. So the fact that eardrums backwards somehow matches up. But it's not really how you say it it's more just looking at it on the page. It looks just like re Drummond. Yeah they get looks just like re Drummond. What's thing where it's like? Oh we really look at the first and last letters of a word I when we see that reminds me of that like me where it's like written out without the vowels and you read it really quickly or what does that mean. Yeah Yeah Yeah. It's like our break cheating when it reads and that's basically what it's doing. It's trying to do it quickly. And so when you look at race rumored. You're just like Oh. It's the pioneer woman because our brains are dumb. Oh it's raining. Look at Drummond and be like Ritz rumored. Oh it's race from her. That one really made me laugh. Okay next one then bobby. I've a serious cases celebrity name blindness that just came to me because Just Confuse Katharine mcphee. And Nanny mcphee like the nanny is like a wedge but like a nice like a nice wedge and our top just got anxious before. I called so I looked it up. It's because I wanted to make sure that it was. I wasn't correct. 'cause like what it has not played Danny McCarthy again. You'd see John Thank you crunch. Crunch I need to be done? Thank you Erin. Sarah Foster call her nanny mcphee. Oh they do no. I'm just saying be funny. That would be very then if they did. You Know Katharine mcphee and nanny. Mcphee sure they have. Maybe they're related. Maybe they had the same I eat. I can understand that. I've never seen nanny mcphee returns or did in seeing Nanny mcphee I think at this point in my life so this is like along the lines of celebrities. I feel but I just watched I thought was mystic pizza. I haven't seen it since you know like ten years Watch Mr People Migrate? I stand for Mystic River and I assumed that was mystic pizza so I watched it reading and it's not like it at all and can make it easy Imagine putting on Mystic River and thinking it's going to be a shoot Rom Com about pizza place in Connecticut. How long would it take to figure that out? I A dead. We're early stick. Here's the turned. Where does the dead girl com fast or in the mid like? When does that happen pretty immediately right? Well I haven't seen murdered. She's murdered Kinda early but there's more I mean there's plenty of other awful stuff right now. I know you were watching Mystic River. How long would it take you to be? Maybe like where is Julia Roberts they live on? I five minutes I think five minutes. It's it's like it's no it's not it's not a cakewalk. The beginning of this member. Do we talk. We definitely probably talked about going to mystic. Pizza on this podcast. It happened in the past. That was a great time. We probably went to Mr Pizza eight years ago. Oh okay so it was before the two thousand twelve thousand. It was a great time. We loved Mystic Pizza. We loved it. It's actually really good and I think about Mississippi. That's good is that it's you know it's like a suburban pizza place so it's really. Yeah it's Shitty good pizza solid good. There are posters all over the walls. It's fun to watch mystic pizza. Don't watch mystic river. I Hate Mystic River. It's just very it's like okay. It's not it's not really worth the heaviness of itself now. Let's move on to questions. 'cause WE DON enough comments. Are you stuck at home yes. Are you feeling isolated? Oh my God am i. Are you worried about the state of things constantly? Oh my God same. Fortunately better help offers online professional counselors. Who can help? You can talk to a licensed online therapist and find relief which is great especially when you can't leave the house better therapists specialize in issues such as depression stress anxiety relationships insomnia family conflicts and more. You'll connect with your counselor in a safe and private online environment and anything. You share is confidential. Because they're therapists you just fill out a questionnaire to help you assess your needs and match with counsel you'll love in less than twenty four hours. You can easily schedule secure video or phone sessions with your therapist in case you don't want to do the video thing plus exchange unlimited messages. If for any reason this is the best part. If for any reason you're unhappy with the counselor. You can request a new one at any time for no additional charge. You can get professional help when you want it wherever you are better. Health is a truly affordable option and our listeners. Hooligans get ten percent off their first month with discount code who weekly so why not get started today go to better health dot com slash who weekly. That's better help. Dot Com slash. Who Weekly High? Who Weekly Medium. Time medium time Just calling to let you know that I'm watching live with Kellyanne Ryan and were pretty pounded on to explain how to make oatmeal more interesting She's people how to make oatmeal during this quarantine. That's all I have to say. Say Clean Country. There are so many cool interesting. Technologically revolutionary things happening right now on TV like the lengths that they're going through to keep these TV shows going is astounding sometimes really impressive. It's like you know it's again. It's life away on the other hand. There are some terrible things going on TV. It's like stuff ends up is ending up on. Tv that would never in a million years air on TV and we're talking about TV doesn't have like these high standards. I'm just saying like the things they are switched killing Orion to fill air is astounding and recently Laura. Prep on our favorite prep lower. Prep on WHO's prepped. She's prepped. She's out of the BUZZER. She's at home she reappeared. She had a kid she reappeared. I think she has a book coming. Out To promote the book. I don't know she went on live in Kelly. And meanwhile Kellyanne Reiner not together. Kelly's somewhere Ryan somewhere Laura's somewhere and she show them how to spice up oatmeal literally and her clip hurt the quality of her. So bathak like shocking. Please just play so to set the scene. We've got you know because it's the age of it's the age of quarantine. Tv So everyone's calling in everyone's dialing in from their own homes. So we've got Kelly on the left in her Dan guest bedroom. Not The kitchen Ryan is in the kitchen doing the work. He's like kind of following Laura's lead and making OATMEAL WITH HIS AIR PODS. And by the way he's talking on his Air Pods. Loris in her actual kitchen not her bunker because there's like a beautiful marble island some natural wonder. This is my like pod. I wonder if there's a they sent him a really nice Mike but the air pods are because he's on the phone. Yeah you probably have to hear it. Yeah I definitely have good. Mike's the two of them but Laura's using I don't know it sounds like she had what was once a good Mike but then it was dumped in the mystic river and then let dry and then she started using it again because it's crackly and it was fished out if you listen closely to what she's saying. You hear you hear. Sean Penn Go. They're my daughter and like listen carefully to what you're saying in all of this. Yes I'm really trying to look at ways to spice things that you naturally will just have in your pantry so one thing that I love to do is a lot of people have ot all and I personally love steel. Cut OATS They're less process so that the digestion process is slower keeps you fuller for longer and it has more nutrients. So that's I always go with steel. Cut Oats docker our way. This is this soggy. She's coming to you live from like a bunker in in Moscow. That's my deal. She's like coming to you. Live from from the clear the clearwater bunker me and my husband are here making oatmeal more interesting. And she's done this on her youtube channel. Because I've seen this episode. She's like Oh. My husband likes US Saverio so I put olive oil and like salty things. I like a sugary out so I put strawberries and Maple Syrup. My kids like this. So I put blueberries that's it. We have been putting things in oatmeal for as long as we've been cooking down oats ever since the first human cooked down oats and said this a little bland. We've been putting things in oatmeal okay. Early man was like this could use some sweet. We have to excuse the content because of the time that we're in there is so much bad like pantry cooking. That's going on you know. It's like don't have lemons use a potato. No but okay. You know like knock wait. What really is funny to me is the lack of giving shit about the quality burn it. We don't care. I mean. Look at look at Wendy Williams. Follow richest on twitter for leak daily updates into Wendy's descent into madness clip. The funny thing was when we were talking about it in the last episode. I put up clip of the old episode thinking when I put a clip of a new one. You'd build a tell the worst gossipers words guys were and I'm sorry for how many times we get dinged if we like possibly maybe have something in our mouths on this podcast. People are like get that thing out of your mouth. I can hear you chewing and I cannot it. Wendy is eating a full English breakfast or whatever like throughout ratio. It's a plate of food. She's just like slowly much munching. She's at one hour yesterday. She I'm going to quote rich. What will today bring Wendy? Williams roasting a slim Jim with the lighter and snapping it a snapping Hindu it on live television another reason to keep on living and then there was this then there. Was this wrong. This I loved so Naomi Campbell is doing a little show as well like an interview show and here. She is interviewing. Who was that? Marc Jacobs. Listen also the time of my life where I was. I was sober. I was clean. I was fit remember. Okay what happened right there. Naomi Campbell side of the screen just went black and Marc Jacobs's noticing. Right there justice and they only came back and said this. So we're back. We had a technical hitch. These things happen and with the climate of the way things on walled palace so in the climate and the way things are in the world. We're powerless I have to say as an independent podcast. Producer and host should really appreciating the celebrities having to hit these walls of technical difficulties that they have to figure out themselves. Now they know now they know what it's like now they know what it's like. Yeah maybe you got to figure out how to use HINDENBURG software. Our guest has to call in and can't come to the studio and you gotta figure out a way to improvise an over recording us a weird piece of. Yeah maybe you gotta Google it and spend like four hundred dollars and realized that doesn't work in can't figure it out and then you gotTa return and then you gotta buy something else. Maybe your microphone. Fill into the mystic river. And you gotTA show. Kelly RIPA had to make oatmeal like you. GotTa Roll with the punches. In the gotTa Get yourself a fishing rod because he got a fish the microphone and other water. But then you end up catching eggs instead. Because it's burning all day than make you use the exit craft something and then you tell Ryan talking about if you don't have your microphone. Valley water played in probably literally six days. Because I'm sad for you because I feel like you were so excited for the guy was and now you're like not playing the same game. It pisses me off. Okay next. Highlands Ian Bobby. This is something of an thinking about a lot lately. so Jessica Simpson's best friend is Casey COBB WHO'S MARRIED TO DONALD FACE ON. Who is best friends with that graph who is dating for Pew? So do you think that Florence q? And Jessica Simpson have hung out. I've been trying to decide or like well That's all women. Do you belong in balloons? But no right now because we all belong to the best part about this question is our friend. Matty texted US last night with these same exact conspiracy the conspiracy theory because you are not alone in thinking this and also I finally got around to. I didn't realize it was a video. I thought it was a comment. I watch the League skull deformity puberty but can I say because I like her? I was like cringing because I felt bad. The high like I like or two and I couldn't. I love that video. My play some clip of it here island line. This fact I am twenty four years old. I do not need you to tell me who I should and should not love and I would never in my life ever ever tell anyone who they can and cannot love it is not your place and really has nothing to do with you my reaction and it's definitely because I like her was like Oh like I kind of do feel bad about this because it. It's kind of an Internet exaggerated not joke. It's like clearly. She can do whatever she wants. But the the grown is on him not on her but she's bearing the blunt the brunt of it and it's like kind of sad and disappointing and so I when I when I watched it because she so well poised even though I kind of disagree with her saying anything at all. Because it's ridiculous that's my ultimate thing. Yeah I but I but I did feel bad because I thought she did a good job. Kind of shaming people. That is what celebrities do now. I feel like this one is a little bit different because it's like people are putting shit on her and not on him usually. It's like the other way around where it's like. We're like Dennis Quaid. Stop dating like a twenty twenty year old or whatever but it's because she's the one she's losing their and Zach Braff but Zach braff. Isn't the one getting right like no one's Zach? Braff instagram being. Like you know what I think people are. People are like you your gross like but but I mean it makes sense that Florence is getting the brunt of it because she's more famous. She's the one people like we are not surprised by Zach. Braff doing this. We're like Oh we roller is at Zach. Braff call this relationship grocer creepy. I'm just calling it like I really. It's just like God we want. We want Florence pugh to date someone who seems as cool as she does or not even you we just want her to make marmalade alone. It really isn't about the age difference. It's just like right. Ham really is an and the other thing is like what's weird is. There's the other side of this which you think like Os Zach braff like grown. But there is he just launched a podcast with this with Donald Trump has been with Donald Faizan and it is popular people. Love it. They're thrilled. They're listening to it. So using office ladies but you get in your own bubble of like being like no one cares about Zach. Braff he so lame but it's like no you don't understand. There's a phantom for him. That has no idea that he's dating pugh and could not give us shit so it's interesting to to see that and be like we are really kind of sometimes in a bubble of our own like who's actually maintenace weird way but the thing about. Florence pugh is that she's perceived as being very cool and the cool reaction to dating a lame person to not say anything and keep on dating them and be like fuck you. I'm gonNA keep dating a right to actually respond to. Trolls is not cool. Even if it's justified there those are those are different things and in a way. It's a little bit like the intro from today where it's like you're responding to trolls. That are sometimes not. Even trolls are just like playing with their friends and like doing like kind of a funny grown or like trying to. They're they're they're doing more of us of a signal for signal boosts known for me to signal like they do like a joke signaling like humor signaling virtuous signaling joke with their friends that has nothing to do. I mean I know I know exactly what exactly what you mean. So here's the thing. Casey Casey Cobb did on the Florence video with a heart heart. Whatever they know each other. They're they're definitely Fr- like these to double date like all the fucking time. Never Forget. Casey Cobb is Casey. Cobb is the personal assistant that won the lottery dream for every personal assistant. You know truly the question is do we know literally asking you and I haven't read open book and don't plan too but Although I will say since we talked about in dismissed it people are. It's so go phone talking about okay. Well maybe I will read. But the point is our Casey Kaban Jessica Simpson still close. I think so yes. They are Right I'm asking you do you know I haven't heard otherwise right. And also the other thing is because Florence younger she definitely maybe was part of like a Jessica. Simpson Phantom thing. We're like she was the right. Age would be to watch newlyweds and really be affected by it. So maybe it's like Zach was invited to a Jessica Simpson Event Florence. Like would come with him to it. This is just like a very high. We don't have proof but there's a high probability of this being true and Yes in December Twenty Nineteen Jessica. Simpson posted a photo to them at Christmas thing like in front of poultry and says Jessica Simpson called Casey Cobb her quote forever. Best Iraq every year you just keep getting hotter love to the Moon Heart. Yeah I had a feeling they will close because I feel like they still and Casey speaking of yet another example of us just projecting you know what we want from us liberty onto the celebrity. Casey seems of those people. Donald Casey Zach Casey's the coolest one like Casey's the one you want to hang out with whenever they're all your house. He might even be cooler than Florence. Pew. I mean I'm not gonNa say it but like I don't know but I'm saying when they double date and they're all in the same house. Florence is talking to Casey and Donald Payne Zach and everyone's happy medium time having Bobby medium-term longtime So Wayne Brady is self isolating his ex wife and her current boyfriend because partly because they live next to each other. Hi Laurent gave away is. This is amazing Wayne. Brady is self isolating with his ex wife and her boyfriend asterisk. They live next door to each other. But it's so funny that this headline makes it seem like this magazine length during a two bedroom apartment Wayne Brady and his ex wife and her boyfriend when it's like no guys. They're rich so when they're when when they described him as Iceland together. It's like they are coming into contact with each other. He revealed this a somewhere and then people heard about it and people was like he was talking to people people now their little video chat show and the host was like okay so please. I need them information out. You isolating with your ex wife. Mandy Takata. And he's like okay. Here's what it actually is. And then he explained what's actually going on so even though. He said that he was self isolating with her. He sort of minted in a weird nebulous way because their next door neighbors. And it's like they do the Vernon surely they just go inside the apartment or whatever but most normal people aren't thinking oh it's an estate with two houses on it they're thinking. Oh it's like one house and Wayne Brady's in the basement because that's like the normal description of what we're talking about here and they're probably a lot of people who are isolating with their exes or their future excess or their you know around the corner our their kids from a previous marriage or what you know a lot of situations happening. It's just so funny that people trying to convince me that Wayne Brady is doing that when it's like no no no no no another important. Little detail is that they had a kid together. And so that's another reason. Why over there is because they're literally co-parenting okay. I feel like that's adult. Why would he go over there and he would not? Hey but it is but it is more than that because not only did they have a kid together. He's friends with the ex wife's boyfriend so like they're in the ideal sort of perfect relationship between X.'s. That's what it sounds like. It sounds like a fantasy of so good for them. Yeah okay good for the Wayne Brady. Who were them We have we done him. Maybe not I really want to say one two three them. I kind of want to save them but I'm also kind of like he's does pretty who he thinks what's he up to now like. I'm not really sure. And also what would you like? Call his main thing. Like whose line is it anyway. But like is that a big enough sure but and then Broadway stuff right like seeing stuff and he was just on the mass later and singer he he almost won the massingir almost wanted more. He did or he did win the Massingir. Last season he might have wanted such a big to heal comma them but yeah so jealous of people with yards the next goal who weekly. This is Rachel longtime meet him time. I'm calling to see if you've watched tyra banks Her Food Diary for Harper's Bazaar. Tara might actually be them but she's got such strong who energy that I think she works She basically talks about eating a Bagel and performs a monologue. So check it out. If you haven't seen it yet. Crunch crimes we increase. Let me tell you how do my bagels? I take my Bagel Plane Bagel on a day that I'm not going to be in front of somebody's face onion BAGEL. If I'm going to be speaking closely to people wait opposite funky breath if I'm going to be close to people. Okay flop that you know what I mean the bill in half and then I scoop out all that extra Bagel and put that on the side. Then I take my whipped cream cheese and I dig deep into that pot of it and I feel up the entire scooped out BAGEL rounds like moat. But I'm not finished yet. Then I take that plate of that moated cream cheese BAGEL and I put it inside of the microwave and I shut the door and then I set it for twenty seconds and then what starts to happen the molecular makeup of that cream cheese starts to change like a science project and when you take it out of the microwave. It's not just heated. Oh No it's cream me. And it has a slightly tart flavor that it didn't have tree microwave. The thing this video is that tire has been like this for a while. Now twenty years. I mean Angie saying like Weeden kind of. She's been like this since the beginning since she started hosting stuff right like just the what is even her her. Her affect is like insane. She's she's she's a Hor- whole thing. She's always wanted to be oprah and she could never attain it. You know like she. She wants to be the smart sounding. Interviewer commentator and she just doesn't really have it in her and so it's always come across as a little peculiar. It's cookie in a way that it's like it's Kooky in a way where she's able to say so much and could literally talk forever but nothing seems to kind of make sense radio. Yeah we're talking about her food diary. Which is her. It doesn't have to make sense but this has always been. This is why we get like Tyra `ISMs and we get kind of the like the tyra banks that creates these clips that go viral. Just because they kind of don't make any they really don't make any sense and she hasn't really her whole her whole brand is about saying things very confidently. That don't hold up to scrutiny. Like what is the most famous thing she's ever done? Smith's slices make any sense especially the way that she defines it. She's like you have to smile whenever she every time she did in that. Show the example. You're doing this. You know what you need to do is this. You're doing the same thing. The joke is like right is is showing somebody had a model is almost like irrelevant thing. It's like they're hot. They have a certain. Look that people want they'll figure it out you know but then she made a forty year reality show based on the idea that she teach or that you could learn it or whatever and like not saying that their stuff that you can't learn but I'm just saying like sometimes the qualifications just need to be there or your qualifications just mean they don't need to learn anything right. You're so hot you're exactly the look that they're looking. I loved it every Harper's bazaar food diary over six minutes where it's like everything. I eat today. In what world is everything? Ain't today take anything over thirty seconds to explain. I now Ebola magic spoon to have some leftover chilly. And I'M GONNA GRUB STREET RIP off right. So it's it's a clear. Rip Off of this Grub Street column which is Nice which is kind of fun to read to be honest and spend whatever translating it into this format with a celebrity is insane right. You can't you can't really cut edit it down but it's like you can't really got it down like what are you gonNa cut down the part where she says like. I put my scooped up. You need the other context of the of the BAGEL before the pudding scooped out Bagel in the Mike. Way For twenty seconds can make sense. It's also youtube me. I just remembered that's really popular. Which is just what I eat in a day. It's a Youtube Meets Conde NAST thirst for like glossy video content with celebrities. Yeah I WANNA give Grub street credit for the what I eat today. That is clearly a huge youtube thing but it is normally fall. It's normally accompanied with like A. It's a voice over on the person. Cut It going throughout their day making their food so it's a little bit more interesting of a format. Then just tyra banks sitting there telling me about her Bagel or whatever. I don't even know it would be more. It would be more interesting and authentic if they were just like. What did you eat yesterday? You know or like. Give me one representative day from the past week. You cancer all performances. You can't tell TYRA BANKS TO DO ANYTHING. She's like okay bagels. I'd like you know then. It becomes like a fantasy a Bagel Fan Bagel. There's no way she does this every day. And there's no way she takes the time to scoop her bagel microwave it for twenty seconds. It's also just so that tires like I've been into bagels recently. Yeah if I'm seeing people I have a plane big but if I'm not seeing people having a Bagel you've seen devil wears Prada and you're making one joke. Okay Okay Okay. We have to move on. Air Bags is like Medicare ever ever ever ever ever ever ever ever ever ever ever ever ever ever believe a celebrity when they tell you what they just don't you that's true unless it's like a lunatic celebrity like I don't know Patti lupone Barbra streisand because they might be or Salim. Dion she might be like your drink some water or what is Mariah? Carey's thing is through where she's like. I just eat salmon salmon and vegetables if the prompt is what you eat. You know. It's going to be like a fully performance written out whatever because nobody wants to eight. Okay next call weekly You figure out how Tara Reid is doing. I did a little digging On her social media pages. But I can't find anything like super reason Just WanNa make sure she's quarantining correctly Thanks crunch crunch by the La- your correct. The last thing that Tara Reid tweeted was a re tweet percent of herself who she had tweeted this on March fourth. It was a it was a re tweet of herself retweeting. Her new a repeat of herself quote tweeting quote tweeting her new manager slash agent. And he wrote I am now. Officially managers lies agent to the wonderful and extremely talented actress at Terry. Go follow her checker. Imdb instant entertainment have clue clients film. Hashtag film Hashtag success has like movies hashtag casting hashtag character. Hashtag rules Hashtag audition God and she req- that I am so happy to see Felipe. Rep Me No. But she said I'm so happy to see at Philippe but she wrote the word at at. I'm so happy to see at eighty Philippe retinue but his username isn't even at Felipe. It's at its fill anchor San Phil Underscore Ashfield. But she said Eighty Space Philippe and then she read or so last instagram with from four weeks ago and it was happy. International Women's Day from Bella and I and she posted Beleza Dog. I can't even. I didn't forget celebrities. Really need to learn how to use. I but I was like okay. Where do I think Tara Reid is? And how do I figure out what she's doing and then offered like a private detective that she's probably on? Cameo and I remembered that you can see the most instant video the most the most recent videos that somebody's done on cameo now and you can see the yes. Terroris- is in someone's house or in her house. Someone's in her house. There is a mystery man who keeps popping up. And there's somebody holding the camera in some of these because at one point she's holding dogs and he's holding the GAM rotten a mystery man. Maybe it's fully IPE. I don't know who it is But the point is is the way that she talks about. The quarantine is so good and also I feel a little bad because I think somebody paid to make her quote Carl Sagan and she does it in a way that it's the whole thing here happy birthday fortieth have you ever Jesse From your friends and they want me to tell you we love you all know worlds of late Carl Sagan. Even these stars seem so numerous are as sand or dust our lesson dust and then enormity a space in which there is nothing the Louise Erin Take Care. I gotta say it's it's not very nice to make Terry Quote Carl Sagan for your cameo. Okay okay there's also a weird snowman hovering over her on. Why is there a snowman hanging in her kitchen? Yeah there's there. I was trying to figure out where she was. She's definitely a house. There's a big kitchen. There's no man hanging from the ceiling or something. That's like kind of right above her head. Did you see the one where there's a man in the background? It's like doing the dishes or something. It's very weird but it but it does kind of set. Your question was eased. Harry Reid quarantining and the answer is yes. Because I'm seeing evidence that she's in the same place she's doing her she's doing her Cami us. She's definitely in the same place in all of the most recent cameos which is good for her her cameos one hundred and twenty five dollars. She typically responds in one day. Single recent cameo is in the same place and that snowman hovering over her. Yeah you gotTa play a few more of these or would i? I hate that. The cameras are public but I also love it. You gotta play more these the way that she talks about this time is Hey. I I heard it's your birthday. Happy Birthday to you have to you have every day dear. Kaley have you ever day to? I know we're going through a really hard time all of us in quarantine krona but I just wanted to know we're all GonNa be okay and thank you for supporting me and be my friend and also I love that you love Shark Nato Best and Kelly you rock happy birthday. The girl in the world love okay. I figured out the snowman sweetheart. Say the snowman. Okay so this angle this angle. We see a little lower into the kitchen bitch and adverb. So the she's when she's not holding herself when she's holding herself. We're seeing mostly the ceiling because of the angle and there is a giant snowman hanging from the ceiling like Chandelier. Yeah then in this. We see the actual chandelier. That's over the the the breakfast nook and on the Chandelier the lighting fixture there are little Christmas ornaments hunt. She hasn't taken down her Christmas decorations. That's what the says she hasn't taken under Chris. Oh Are you kidding me? They're just Christmas decorations or Chris Decorations. That have not been taken down but that kind of implies that it's it's her place not someone else's place because that is a terror read thing to do. Maybe and maybe she is one of those. Maybe she's like one of those three hundred and sixty five days a year Christmas stores. But it's her house so I don't know that would make sense. Christmas is the thing that makes you happy. So maybe she likes being happy anyways. I I just wanted to let you know that Tara. Reid seems to be doing what she's doing and she's doing it. She has amazing reviews. Everyone says that she always went above beyond that. She she she did. She said you're the coolest girl in the world. Okay good for. So that's what tears up to God? What a great what. A great income stream truly I know cameo is like remember. We talked about cameo five hundred years ago like we were too early on cameo and now it's literally mainstream. Whatever who's and none of video conferencing obviously skype Fan. Then well who were the? Who's in them's of in the in these times we're doing so much videoconferencing whether it's for work or for birthdays or does zoo zoo day in day in day and facetime. I think kind of dropped a little but is them facetime them but dropped well because facetime because you know we're trying to keep in touch with all of our friends and not all of our friends have apple devices and so face time sort of Google hangouts. Kinda who says yeah and it and it and it doesn't always work super well or sell badly. It works well if you have a if you have an enterprise account if you have Google if you're lucky enough to have access to Google meet you're in you're doing great but hang out his really clunky and I don't like it and House Party. That APP went from to them pretty quick because people were now talking about House party. I haven't used it skype. Skype is them but skype is so dated them but skype isn't more of an international them. It's Like v Standard for making international phone calls. Kind of your many places right. When I studied abroad. It was like Oh you have to. You have skype read well. Then there's also there's also slack. Slack does video but I think that I think slaps Larry who we know slack is self for that reason and so was teams Microsoft slack competitor. That's what the caller mentioned. Oh who else. What other ones are there What are people using? I Dunno I feel like honestly it. Just it's crazy to me. The the zoom thing is crazy to me just webex. Who CISCO Webex No? I think it's like if I worked for a fortune. Five hundred company. You're them but if not get out of here I don't know what you are. No sometimes it does. It does amaze me though. Sometimes how well zoom can work in terms of kind of man having a phone having a phone call where you can see everyone's faces and there's like ten people. It is kind of shocking that it can work that you can get more than ten. It's like good luck lady. We were in Zoom Birthday Party last night and it was like it became anarchy very quickly and it just like stopped working. It was like you're having connectivity issues and it's like I know that my internet can handle this. Something is wrong here and it just. I couldn't even get into that. I couldn't even get into that zoom. Yeah it's you know it's has technical difficulties. I did one for my birthday. Poppin WHATEVER AND WORKED OKAY. Nice and it's also just nice to see everyone's faces like even if you were all muted right and like listening to like a playlist or something. It is nice to see people's faces in this way that is not. We're talking about zooming notches for pure communication and trying to say something but more just like the experience of being with people right by my favorite thing about zoom. That one of our friends brought up in your birthday. Zoom was that it's really hard. It's really hard to leave. Zoom it takes too many steps in your life. When you're like by I gotta go. You have to click leave meeting and then you have to confirm. But every there's a lag between each of those clicks so you can't just like hang up you have to like hang up and then waiting hang up again. There is an etiquette that has not quite been established. Like don't even know it will be established by the time this is over. I pray it's not because I prayed short but like the term it. The the point is that it's you have to really kind of either accept it. You're just going to be like bye bye. Okay bye which I think is fine. Just be like okay. We gotta go by four or do you. What is the what is the term? The Irish could by the French exit. The whatever. You can't do that. You can either Irish goodbye birthday party or will you do. Is you go up to the person whose birthday is say? Hey I'M GONNA go. It's Happy Birthday. Soga like you do that like moment privately. Yes and then you're free but for zoom because you can't have a private moment you're like Okay everyone and it's not like you could slip out the back door. You know. Because the the entire interface changes like when a window goes away. The other windows reorganized. And you're like Oh someone left like I could slip out of a party. Unnoticed very easily. But not as I know you can't. I know you can't and you you have Lila of a party. Mita Bobby Tex. Did you leave bobby? Twenty five minutes though Sweetie. I'm it'll be an hour I'll be like oh you can't do that. In a zoom I was in a good zoom. I told you about this. I was in a good zoom Joshua's friends and we had been zooming for like two hours and one of them just goes. It was very clear that the energy was like lowering. One of them. Finally just goes okay. Guys I'm over at by and I'm over this by just allow okay. I'm sorry but that's so rude. I would never do awesome in a really bad zoom birthday party and then we were texting with people during it like. How do we get out of this? Because we didn't know half of the people. Yeah well right you got it you you know you make up an excuse. The best excuses the best new. Excuse that everyone's using including myself. When I got another I have I have another zoom happy hour right now. Okay but that is like everyone. Everyone has happy hours all the time. Now so you could just be like I have to go to another zoom. I'm already late for another zoom but that's the best thing to sound in saint but that makes you sound crazy. Oh no I wouldn't have enough with your friends. I have another Zoom Oh sorry I got another multiple doomsday tonight multiple nights. Well your fucking so popular see. That's the response I wouldn't want it's like I'm not GONNA be out. I guess it helps. There are two people in my household doubled. Zoom appointments just say? I've got another busy busy. Whatever you could animal crossing while us. That's what's Great. I mean you can because you have it set up on the TV so it looks like you're looking kind of at the Zuma your way on I've held. I've held the switch on my hand and played animal crossing. That's fine no one cares. I mean especially. It's Josh Zoom. You're just sitting there. Growth collaborative is an online marketplace at delivers all natural home beauty and personal care products directly to your door. Their aim is to make living a healthy lifestyle easy and accessible for you and your family. So here's the idea. You WANNA buy some cleaning products you want them to be as ECO friendly and clean as possible. It's weird to say cleaning products clean but you know what I mean like healthy for you healthy for your house. No fumes stuff like that. You won't hurt yourself. You won't hurt other people you want her to other people if you're ordering from Grove collaborative. 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Amazing Bobby is one of two million. Households Trust Group collaborative to make their homes happier and healthier plus shipping as fast and free on your first order for a limited time when you go to grove dot co Grove dot co slash who you will get a free five piece cleaning set for Mrs Myers and Grove in Crisp sense like mentor. Rose for a thirty dollar value so go to grove dot co slash who to get this exclusive spring cleaning off spring spring cleaning grover dot co Slash Hill. Hey Bobby Longtime longtime my name is Laura. I'm calling in quarantine craziness what happened to carry health in. Where did she go? Who wish she seen with what she ever? I don't think so but she definitely was on the cost at one point. Maybe like I dunno like ten years ago. I don't even know. I don't even know what happened to carry health. Then was she ever them or is she forever and Huda French French by first of all. We've talked Keri Hilson. Because she's like kind of an iconic figure in pop culture in terms of you when you talk about. Hashtag flops or whatever bio did everything and then it went away. Did you see somebody added her five G. Conspiracy to her wikipedia which is so rude in two thousand and twenty during the height of the cove in pandemic Hilson spreading falsehoods adjusted. The virus was due to five G. Wireless Technology briefly overshadowed her music career. Ooh briefly overshadowed career. The last time we talked about her was in January. Twenty nineteen what she up to and she. She's been starring in lifetime movies member. She was starring made for TV movies. Yeah she's also one of those people who's always like her new album like her comeback albums coming soon and it's like never coming. It's like never coming but it's always coming soon. That Hilson is up to. I mean I personally am a big fan. I Love Pretty go rock. I think pretty go. Rock is like an incredible songs so Keri Hilson does mean something special to me you say that a lot. Yeah but she's got. She had some heads she got fucked over a little bit. She said some things that people should have said things about a gay beyond say. Don't say Shit about beyond say you are going to get in trouble. But we've been over this honestly. I feel like if you're all seen as podcasts. You know the Keri Hilson should have it been over is five G. conspiracy theories and five G. conspiracy theorists of whom she is running through. Celebs like love this conspiracy. I think you know what I mean like. There's a strain of celeb- that loves this conspiracy. She tweeted all these things about five G. And then she had to delete them and then she tweeted. Management has asked me to delete the vid. Slash Articles Shrug Emoji? I appreciate good discourse unconventional thinking. Let's just be safe out there because whatever the cause. The virus has a real thing maybe with us prayers to all so she was basically saying that five. G. Caused it and I was like okay being Keri Hilson management right now and you have to be out here. Being like Kerry pleased delete the tweets about five. She's still has management. Like what were they managing? I mean at least there's something to manage. I'd rather manage a five G. conspiracy theory than a thing so I was like I keep hearing celebrities. Say That Five G. Causes Corona virus. And I have not actually looked into what they think that means because I don't understand how like an upgraded cell phone network and caused so it says heroi founding on G. Q. Yeah I thought they found the answer Chiku. More widespread theory is that five G. Weakens the immune system through radiation thus making you more susceptible to cove in nineteen. That's what they think it does. I don't even have five. Gee My phone is slow as hell whereas my five. Gee if I'm going to get affected by everyone else's five G. where's my just ridiculous. So then Woody Harrelson instagram's a lot of my friends have been talking about the negative effects of five G. My friend Camilla seems seems to me today. Instead of census to me today seems this to me today though. I haven't fully vetted it I find it very interesting. Meanwhile Mia who just came out as an anti vaccine is out here being like. Oh fine union here. Oh Sorry we oh. She said she says she doesn't. It gets five G. No but she says it can slow down the healing process. This is the same ship. She's not saying it caused. If you're worried about radiation there are so many other things that we own that. Put out more radiation than cell phone towers. That like if that's what. You're worried about everywhere. The Sun Radiation Your Phone Radiation Michael Way more. The Sun is way more dangerous than five. G. Radiation is radiation is all over the fuck. You take a flight radiation. You get more radiation the list of celebs that are Saas. We have John Cusak. Okay Emma okay. We will woody Harrelson and Keri Hilson. Sorry this is not my panel of of scientists that I'm going to bet I'm GonNa go to bat for in terms of this okay. And then we have an anonymous person who wrote to wrote to voltaire about getting a test faster than anyone culture thing shut with these within the as told to. There's a little drop of five G. maybe it's five G. maybe it's five. Gee that's going all over and we're just going to be feeling less than it affects us all in a major way. So it's the actress has asthma. Her husband is seventy one to this person. I think it's really because she's a little Wackadoo. Her husband seventy two hundred seventy one but it wouldn't surprise me if they either changed the age just to massacre or if Bette midler didn't know how older husband was yeah. So how did you figure out that Miller's husband you just went I literally when read it? I said this sounds like Bette midler and I googled her husband's age. And it was seventy one and Bette midler tweets would totally right exactly. Yeah and Bette Midler. Were to pitch an essay to anyone. It would be New York magazine Slash Vulture right here. She's like New York she's I think it's her. I Yeah I believe I actually I. That's not I don't know but I try my I try to use my. I tried to get figure out who it was. But they wouldn't tell me but I I think we can figure it out. I think someone call-in who is as easy. It's annoying that they would post that anonymously to begin with like fucking right. It's Wimpy it is wimpy because it's like we know. Celebrities got tests faster because they have access to private doctors who were able to get tests faster so why and if you're going to own up to being like yes. I am one of the privileged few. It's not brave to hide behind and has no. We know this is a fact that we all. We know that you're doing this. You're not revealing the truth. That celebrities are getting tests. And you didn't actually reveal any information about how just guilty and you just feel bad so either you say hey. This is something that happened to me and I feel bad about it. And here's why or you don't share this information like this because we already know so anyway. You're right okay we're done. Thank you listening to. Who's there. Who weekly our weekly call in show. We really appreciate it. Hope you're doing well in self-isolation Corentin Thank you for listening. Follow us on. Twitter and facebook calls at six nine. Who THEM IF YOU HAVE ANY QUESTIONS? Concerns rate and reviews on Apple podcast. We reading them and support us on Patriot on accomplish she weekly for twice-weekly bonus episodes and we'll see you on Tuesday by Israel. They WANNA know fame.