35 Burst results for "TPP"

"tpp" Discussed on Stuff They Don't Want You To Know Audio

Stuff They Don't Want You To Know Audio

04:09 min | 5 months ago

"tpp" Discussed on Stuff They Don't Want You To Know Audio

"The most out of anything in the world is that it beat critical mass ejections. Just by a tiny tiny sliver honestly. That's what i'm worried about reading about. the antarctic and glacier melting ratio would have rates release and. Yeah i mean. I if anybody watches the news room you should watch the newsroom. If you don't There they had a great small piece on this and then mother jones looked at it and then i looked at a couple of other sites that analyzed their short piece and actually pretty terrified and i feel like none of any of these things that are happening especially massive trade agreement. Like this where it's gonna be corporations probably polluting a lot and sending ships on a higher frequency across the sea in airplanes. They're fully loaded with things It's scaring the heck adamy because it feels like we're just propelling ourselves into the abyss at a faster and faster rate. There's a lot of under reported conflict occurring air brewing up in the north northern part of the world and the north pole as those ice caps. Melt navigable passages emerge a one thing that one thing. That's interesting here too as well as that you know we've got quite a few listeners. Who think that climate change itself the idea global warming or whatever you wanna call it is some sort of one world order hoax So i you know. I'd be interested to hear both sides of it because we've received passionate letters from people who say that humans are literally ending the world as we know it. And then we've had people who say that this whole thing is is bunk of some sort but right to us and let us know what you say. The last word on the tpp is that supporters. Say look. how great nafta was as what's going to happen next right and detractors and critics say look how terrible nafta was so. Let us know what you think. We hope that we have proven that this free trade agreement stuff does matter even if while even though i know most people listening to this show never get a chance to vote on it. We won't and probably not a chance to read it If wikileaks has anything to say hopefully we will allow. We'll see somebody donate something wicked. He had thought But we hope in the meantime you'll stay tuned for our video on this international trade agreement the biggest one in twenty years for the united states actually and we hope that you will check us out on facebook and twitter and we hope that you will also wait matt. I've forgotten we had a caption contest. Alright and the winner is for that picture of ben and i from the snow apocalypse video. Who that all of you captioned so passionately. Thank you very much. Everyone who wrote in commented Some of you are hilarious and we appreciate it very much i. There were some impressive but jokes. On ho yes the winner. Is you ready for this. I'm reading remmy vogler. I'm going to read your read. It says matt. Actually we can do as us. We agreed is a dialogue a dialogue between us so ramirez is our subscribe button floating in the middle of the office. Don't look at it. I think the government put it there. Dr nice so thank you so much. Thank you everybody who dropped a caption for us on the on the facebook threat. We wish we could give more the one winner because we. We actually really enjoyed reading these. I we might do this again if you are interested. A little later in the future but in the end of this classic road. If you have any thoughts or questions about this episode you can get into contact with us in a number of different ways. One of the best is to give us a call or number is one eight. Three three s. t. d. w. y. T k

twitter wikileaks facebook twenty years both sides ben One ramirez remmy vogler one winner Three united states one thing matt couple of other sites one nafta
"tpp" Discussed on Stuff They Don't Want You To Know Audio

Stuff They Don't Want You To Know Audio

02:15 min | 5 months ago

"tpp" Discussed on Stuff They Don't Want You To Know Audio

"Gosh i hate being so open about this. But i feel that this thing. The tpp is for corporations by corporations to make profits instant interesting to respond to that. One thing that i often hear and you often hear too when we hear people talking about expanding global trade networks is that there are enormous benefits. People take for granted There are differing products. You know from from foreign food to technology that we ordinarily would not be able to get or would be tremendously prohibitively expensive and then we also hear that. This is necessary for the great snowball. That is the world economy to keep rolling without ever quite hitting the bottom and just getting bigger and bigger and bigger as it goes and one thing that got me a long time ago i was talking to one of my professors who was an expert on this stuff and said that you know. Most people don't understand like the function of a large scale economy and then he said and most people who do understand it don't understand that an economy can be booming while people are starving and that made such an impression on me. Because i think that it is. I think that it really depends on which perspective you see as the most worrisome because there are quite a few people fight a few influential and very important people in the united states who think that There is a desperate moment coming where where in china for example would exceed the united states in terms of economic influence and that legislation like this your trade agreements like this while not perfect by any means our step toward preserving The the rest of the nation they can be saved. You mean the powers that are currently being. Were the thing that worries me. Ben right now is a global climate change. Honestly the thing right now. That is worrying me..

china united states one Ben one thing One thing my professors
"tpp" Discussed on Stuff They Don't Want You To Know Audio

Stuff They Don't Want You To Know Audio

04:48 min | 5 months ago

"tpp" Discussed on Stuff They Don't Want You To Know Audio

"Now with the los angeles clippers working for steve bomber hopes to change landscape of basketball in los angeles. This is the story of basketball in. La in a rivalry thirty five years in the making. This is not about the clippers. Unwitting the lakers from their pedestal. That will never happen. But for seven straight years. The clippers had the best team in los angeles. Listen to westwood on the iheartradio app on apple podcasts. Or wherever you get your podcast.

thirty five years seven straight years steve bomber apple los angeles iheartradio app westwood
"tpp" Discussed on Stuff They Don't Want You To Know Audio

Stuff They Don't Want You To Know Audio

04:15 min | 5 months ago

"tpp" Discussed on Stuff They Don't Want You To Know Audio

"There are a lot of experts who regard the tpp as a key piece of us foreign policy. Yes amid the rise of china and it's increasing. Let's say exercise of political and military power over in east asia. The current administration obama administration said that it would turn its attention more to the east. the so called. you might have heard this before on the news. The pivot to asia Yeah and they want to strengthen. Us influence in that region. Which means matt essentially that the factions of the chinese government who are saying this was a move to contain china. Were right because the idea here is to prevent china from Becoming what's called a hedge amman. And it had your mon- is the top dog in an area. Now there are global. Hegemony their regional hegemonic. There hasn't really been a global hegemony lasted for very long time The british empire certainly expanded and owned a great many nations I feel like maybe it's controversial say owned but it's true the united states right now Being one of the only world superpowers that survived and thrived in world war after world war. Two as so many territories fees not quite nation places that a lot of people in the united states. don't know about. Look diego garcia. I mentioned earlier. Podcast right when. I think about a a superpower hedge mon in that way i don't necessarily think of it as from the empire perspective of owning a bunch of land. I mean maybe controlling a bunch of areas. What i think of is just having your. I was gonna say tentacles but you just her and see maybe currency would be a huge way to control certain areas or even just you know having a military base in or around your area. We've we've talked about that a lot too. Probably off air. I forget times on herald off Which is sometimes. Try to remember horton. So we don't end up swearing but yes One of the big distinctions. Here's the ability to project force. Which is the term for your ability to send an army or navy or an air strike somewhere. And i think we've talked about brown green and blue water navies on the show right. I think we've mentioned that. We have not covered in detail. All right. we'll just real quick. Most countries that have a naval force have what's called a brown water navy and what this means is that they can only go a few hundred miles away from the coast. And then there's a green water navy which can go a little bit further out and then there's a blue water navy which only a few nations have then the united states being one of them which can go anywhere in the world and since the us has aircraft carriers. If you're another country you wanna play nice. Because you don't want an aircraft carrier of all things running up to your shore and then launching airstrikes even anywhere close right. Yeah and it's it's gotta be suspicious for anyone who follows the news around the world when tension start building between countries. All the sudden. They're doing war games. Right and also korea and the united states are just running a regularly scheduled war game and then all of a sudden. There's an aircraft carrier not too far from our country. Okay like wing. The there was a large summit in australia. Recently and vladimir putin who as you can recall is in a huge not quite cold war. Luke warm war with the west an economic war really a. He travel down to australia for this meeting and when he traveled there he traveled with worships. And they they docked off the coast while he was at the meeting which some would say is paranoid or someone says showy but i think it might have just been good planning. I don't know how you travel..

australia vladimir putin east asia diego garcia Two asia world war Luke one china east. One few hundred miles horton korea chinese government british obama lot of people of experts
"tpp" Discussed on Stuff They Don't Want You To Know Audio

Stuff They Don't Want You To Know Audio

03:39 min | 5 months ago

"tpp" Discussed on Stuff They Don't Want You To Know Audio

"And we're back so then we've gone over a lot of the stuff about the tpp. I'm not really sure exactly. What like what's the big issue. Here what is it. Say that's a great question and it's what we didn't answer during the break so let's get right into it. One trippy thing about this agreement is although it affects literally. Millions of people over three hundred million in the united states alone This is something we only know about because there were leaked drafts that came out a courtesy of some of our buddies on the internet and and these leaked sections which are to be fair. Certainly not the entirety of the agreement nor the final version. They have a lot of stuff that most of our listeners would disagree with like language that resurrects the sopa which was the net rights act and actor in several of the other versions of it basically attempts to control the way the internet is used right and we won't bog you down too much with reading the dry language of this But we will tell you where you can read more. And there's a number one place to read the actual text. Yeah i was on wikileaks just before this going through some of the documentation. They've put out some really great press releases trying to explain. Exactly what some of the language means Again wikileaks dot..

wikileaks over three hundred million united Millions of people One trippy thing one
"tpp" Discussed on Stuff They Don't Want You To Know Audio

Stuff They Don't Want You To Know Audio

02:58 min | 5 months ago

"tpp" Discussed on Stuff They Don't Want You To Know Audio

"Chile new zealand and singapore in june of two thousand. Five of what this means is that this didn't start with the united states as a member. Noten no currently right. There are twelve members in this matt. Maybe we can alternate and just name them absolutely brunei chile new zealand singapore united states australia peru vietnam malaysia mexico canada japan the republic of china or taiwan and republic of korea. And they're hoping so many more will join so if you're the head of a pacific rim government and happened to be listening to our show. Hey thank you and Here's looking at you indonesia. What's going on happy or you know. Get it someone in charge of making that Decision they are hoping more people join soon and they're especially hoping a country will join because matt. Some people are missing from the table right. Yeah there's one in particular that you mentioned in the blog from this week. That is super surprising. The biggest player over in the pacific area china. Who you know. We're talking about the largest population who we're talking about a massive economy second largest in the world The united states is currently still first speculation around the the western speaking world leads us to believe that china at least factions of the chinese government. See this free trade agreement as an attempt to contain china's growth internationally and china. It's true has several other free trade initiatives of their own that they have been pushing that they want the us not to really mess with and the us is telling them not to mess with that and to join their organization. It's like two people holding a party at each at different houses. Okay on the same night and saying no to come to their the welcome. I really want you come to the party but come to my house. Let's let's hang out at my house and that's that's on a basic level but we've talked about how the tpp came to be. We've talked about the countries involved. We talked about free trade and what that means and now it's time to actually talk about what the tpp says afterward from our sponsor our lives are full of decisions like play ads or skip while the market turn. Should i change jobs. What's the best school ken. My diet out the climate and what's a flexible -tarian at the wall street journal. We know how.

brunei twelve members vietnam australia this week singapore taiwan malaysia two people Five june canada mexico new zealand singapore united states chinese pacific rim government indonesia one japan
"tpp" Discussed on Stuff They Don't Want You To Know Audio

Stuff They Don't Want You To Know Audio

05:28 min | 5 months ago

"tpp" Discussed on Stuff They Don't Want You To Know Audio

"Now this affects global trade of course If there is a country that's to produce corn at a cheaper rate then of course people in country b will buy the cheaper corn. Sure But what happens here is is pretty smart because i. I started thinking about this win. The european union was for me. One of the big fights. People had a was over agricultural. Subsidies of france had quite quite a lot in the united states and japan actually have quite a lot right now to we are the home of big corn after all. Yeah so there's a a smart almost a real politic thing here which is that if you have these sorts of subsidies or some sort of governmental support for your agribusiness then you are taking out insurance on your domestic ability to produce food. So that means that you'll survive. Your.

united states One european union japan france
"tpp" Discussed on WGN Radio

WGN Radio

08:08 min | 10 months ago

"tpp" Discussed on WGN Radio

"After the Super Bowl, and before ST Patty's Day, this program embarks on what we call the outside the Loop Winter Tavern tour. Where we profile local bars and taverns that maybe are off the beaten path a little bit. Or maybe you haven't heard about However, this year is a little different, You know, due to the global pandemic and all so we're going to scale it down a little bit, but we still want to check in as we have in the past with our guy on the inside. He is the owner of the Twitter handle at Chicago bars. He remains anonymous because he does work in the local hospitality industry during the day, But he is here with us Once again, Mr Chicago bars great to talk to you. How are you? It's been a long 11 months since we last spoke, but glad to be back on. Yes, it has been. And speaking of that, so the last time you and I talked on this show was 11 months ago and back then the pandemic was pretty much just starting out. Things were starting to shut down and you were very concerned about the future of local establishments. In fact, you said that this is going to leave your words. Here a scar? Not a mark on local establishments here in Chicago. So here we are, 11 months later. How do you feel? Where are we? It quickly got worse than anybody could have imagined on, But it was. It's a scar putting on we've We've lost a lot. It hasn't. It's not just a mark. We've had a big part of the industry cut out on Were we in the industry were joking and support came from up to 2020. Because the light of the tunnel isn't particularly close to the hospitality industry. Yeah, that was something I wanted to ask you. You know, I think we're hearing in the news. A lot of plans. You know, Here's how we could possibly help. And there is some government assistance but really in terms of where we're going here. Do you think that we need Moorhouse up from the government? Well, what needs to happen here? What's the immediate need outside of this pandemic just ending right away. What do we need going forward? Well, it's not just a pandemic ending right away. We need the vaccine program to kick into high care much higher than it's been, But, yes, the second round of P P p. At tpp around too. Finally was passed. And after the last president gathered, approved at the very last 2020 and that will help the places that have hung on this car and probably from many of them bridge things until the warmer months. When we're looking at really a second, a second Chicago summer like no other Of outdoor service and every way shape and form and ways City Never Possibly would have condemned imagined before. The response from Chicago, the government of Chicago and the state government. How have they done when it comes to trying to preserve local establishments? How have they done over all the local governments? They threw five lotteries. I mean, they don't have the money to do a full fledged programs. The stated three different rounds of business interruption, grand and hospitality grant programs, the two major ones you had less than 15% chance of getting any help. God bless the people that got the money, but they were lotteries. They weren't a comprehensive solution to the industry. The city I think it's too. Um, after this is all over. I know a lot of business owners want to have a long talk. Very long talk with the agencies that were in church. Handling it outside agencies cities. Done a great job, unlike a lot of suburbs and downstate, it actually enforcing the rules, which is important. We do need social distance and wearing a mask. If we're gonna get past this But the city in the state in No way had the resource is to help everyone who needed it. We have three and 10 employees of the hospitality industry year ago are totally unemployed right now and most of the other seven and 10 and well taken a huge payroll cut for their families. Themselves and the city in the state don't have the resources to do it. And what they did was better than nothing but didn't help the vast majority of places who saw that help. So I mean, just looking forward here, which I know we're all trying to do, and Trying to think positively. But like you say, there has been a lot that Is already lost. And how does or do we even know how this is going to change the landscape of, you know bars, taverns, restaurants locally going forward? Well, I was were conscience attacks numbers. It worked looking into it. It looks like about one in 10. We can't get state like figures It looks like about one in 10. Food and drinking places is how the Department of Revenue categorized some It looks like they've just stopped filing returns or felt final returns. So people use the word destination along wrong all the time, but we truly it appears lost one in 10. Places statewide, and that includes fast food. S so you've gotta figure we're well over 15 20% of independents close statewide for good. The other Very ugly reality ahead is Whether this vaccine group Rolls out better or not. Nobody in the travel and tourism industry is expecting a return to 2019 until 2023 very and more likely 2024. It's going to be a long recovery. Even if everything such perfectly with the vaccine, this will be another tough year. Everybody's learned a lot about outdoor Chicago and spend supported Worst such a tourism town. And that's such an important part of the revenue by, um It's a long look on Irish bar owner had a great line over the summer, he said. I had no idea how many of our conference where tourists till they quit common. And that's quite a lot of the recipe industry is about to find out, ho boy. Well, we will do what we can obviously support our local establishments. In a safe way on down When the weather gets gets nicer, a little bit warmer. We will try to get back to the outdoor situation. But we just wanted to check in here because we're still going to try to profile some establishments. You know, in again, a scaled down way here is part of the Winter Tavern to her. But Mr Chicago bars. I appreciate you giving us your insight into what has been happening. The impact off the pandemic on the hospitality industry here in Chicago. Everyone should follow at Chicago bars on Twitter. And it's always great to talk to you. I wish it were under better circumstances. But Mr at Chicago bars, let's keep in touch and stay safe out there. All right. I will trigger and hope a year from now we're meeting it. Neighborhood tavern and looking at a great future rather than the challenging one where you have right now, but again, always a pleasure to be on. A Mento all that I really appreciate you coming on again. Check out at Chicago bars on Twitter. This is outside the loop. Mike Steven here with you and 7 20, WGN. If you've got an insurance question, you could talk to a park Ranger. But the only quotes they'd probably give you would be about the beauty of a fallen leaf or ripples in a pond. Not the kind that could save you money on your policies. Or you could talk to your local Geico agent who's an expert navigator of the insurance landscape. They could use their expertise to guide you on ways to save hundreds on your policies while leaving it up to your park Ranger to.

Mike Steven 2019 2024 Super Bowl 2023 ST Patty's Day 11 months 10 Geico 11 months ago 2020 11 months later seven park Ranger Twitter this year less than 15% 10 employees five Department of Revenue
"tpp" Discussed on KQED Radio

KQED Radio

02:32 min | 1 year ago

"tpp" Discussed on KQED Radio

"The Tpp a tall order given everything else on the to do list in New York. I'm simply been ashore for market. One might think that Taylor Swift, mega star pop icon, pick your superlative. Has it all. And in a way she does what she does not have. The O is ownership of the master writes to her first six albums. Kind of a long story goes back to deal. She signed back when she wasn't Taylor Swift, Taylor Swift, So I'm just gonna cut to the news. Those rights again writes that Swift does not own Have been sold to a private equity firm for $300 million. Swift, obviously not happy about that is firing back by re recording the music so she can license her own versions. Marketplaces. Kristin Schwab has today's music industry primer before there was old Taylor. Now there's new Taylor. Forget the difference of style or lyrics. New Taylor's voice is 14 years older. Chris Delia Garcia teaches intellectual property law at the University of Colorado. Of course, you can re sing the songs, but they won't be the same fans would have to choose these new recordings over the old ones for them to have value. She may come up with something creative enough to do in her re recordings of these, but it's not all about popularity and plays. It's also about the massively profitable business of licensing for commercials and movies, says Tonya Butler at Berklee College of Music. Forget whether it's called a master or sound recording or musical work. It's an asset. Most artists don't own their music the record labels do they get ownership of the Masters because they pay for the recording's. That's how it goes in the music business. And Butler doesn't think swifts move will change how labels work with new talent who are desperate to get signed? They can say, Well, there's 10,000 artists behind you. We're willing to take this deal. Goodbye. Power moves are reserved for powerful artists. Prince spent much of his career fighting Warner Brothers for his master's, and he eventually got them back. But.

Taylor Swift New Taylor Berklee College of Music New York Chris Delia Garcia Tonya Butler Kristin Schwab University of Colorado Warner Brothers Prince O Masters
Asian Nations Expected To Sign Big Trade Deal Backed By China

NPR News Now

00:58 sec | 1 year ago

Asian Nations Expected To Sign Big Trade Deal Backed By China

"Fifteen asian pacific nations including china are set to sign of free trade act or creating one of the world's biggest trae blocks the. Us is not part of the core. That accounts for nearly a third of the world's population. Npr's julie mccarthy has more the free trade agreement that cuts tariffs on a range of goods and services is to be finalized. A virtual ceremony hosted by osce on the ten southeast asian nations that spearheaded the deal. The signatories to the so-called regional comprehensive economic partnership or ourself would include asean plus china japan south korea or million and new zealand analysts expected to deepen economic integration. In at a time when the united states languishes outside. Asian trade bloc. President trump withdrew from the trans-pacific partnership or tpp trade experts say american producers are now at a competitive disadvantage in one of the world's fastest growing regions julie mccarthy. Npr news

Julie Mccarthy China NPR Osce United States President Trump South Korea Japan New Zealand
White House Draws Up New $1.8 Trillion Virus-Relief Plan

Bloomberg Opinion

00:47 sec | 1 year ago

White House Draws Up New $1.8 Trillion Virus-Relief Plan

"We've been reporting stimulus is back on the table after a reversal from President Donald Trump. Joe Love Oranje, Special assistant to Trump and National Economic Council chief economist says the White House is now offering a $1.8 trillion stimulus proposal to House Speaker Nancy Pelosi. He runs down some of what's in the Republican proposal. Airline relief of roughly 25 billion There was The words of 105 billion for schools and vaccines and pp that we certainly want to give more money to small businesses of tpp the payroll protection plan, but we think it's been very successful. Obviously, direct income assistance through Czech people certainly could still use it. Those are all things that had been in the package and looks like there's been more that's been added. Livorno was interviewed on Bloomberg Television's Balance of Power

Donald Trump House Speaker Nancy Pelosi Joe Love Oranje Chief Economist White House Livorno Bloomberg Television National Economic Council Special Assistant President Trump
Virtual summit hopes to help small businesses impacted by COVID-19 in Rhode Island

Ron St. Pierre

01:29 min | 1 year ago

Virtual summit hopes to help small businesses impacted by COVID-19 in Rhode Island

"Help small businesses impacted by covert 19 here in the ocean state, Gina Marini from Target 12 and 12 News with story It's no secret that small businesses have been severely impacted by covert 19. In fact, data taken from a small business pulse survey by the U. S census from August 23rd through the 29th. Shows a national average of businesses that had a large negative effect from the pandemic was at about 33%. Now he won. Rhode Island businesses surveyed report 6% higher In the national average. We're hearing from the small businesses. I need help now whether it's financial, whether it's guidance with social media, Paula Fleming from the BBB, says the summit features industry experts and thought leaders covering various topics all centred around professional and personal growth for small business owners and hope to help small business owners. Take that crucial step back to rethink about about their business plan in their business model and leave with some actionable steps to make their businesses better. The event is four hours and includes 10 speakers, but Fleming says You don't need to stay through the entire thing so you can just go long Look at the agenda. See what fits you with your business model. What you learn, like to learn more about and then on the top as of Tuesday morning, Fleming said there were 50 businesses already signed up and anticipates more than 200 for the event. Registration is required. But it's free head to our Web site. Tpp Ryan dot com. For more info Gina Marini from

Paula Fleming Gina Marini Rhode Island U. S BBB
"tpp" Discussed on KFI AM 640

KFI AM 640

01:40 min | 2 years ago

"tpp" Discussed on KFI AM 640

"Of the police department and my TPP commissioner James o'neill's decision follows a disciplinary judge's recommendation that officer Daniel Pantaleo be fired for using a banned chokehold on garner in twenty fourteen garner's cries of I can't breathe became a rallying cry in the black lives matter movement and the ongoing national debate about race and police use of force garner's daughters says she's glad the officer got fired but a fight continues we are definitely still call in for that regard the law which will ban the chokehold which will ban officers being protected by a shield and not held accountable for their actions three ninety two is now law the state of Newsome's signed a bill into law to update the state standards for the use of deadly force by police we are doing something today that stretches the boundaries of possibility it sends a message to people all across this country that they can do more officers can now use deadly force only when it is necessary instead of reasonable the law makes it easier to prosecute police officers who kill civilians critics say the word necessary is too subjective another horses died at the Los Alameda was race track a two year old gelding was put down Saturday night after being injured during a race a four year old race horse it died on the track last month the track has been having some trouble finding enough horses to race one reason is that new horse health requirements imposed after all the negative press over horse deaths this year at Santa and need at president trump's top economic advisers says he is not saying a recession on the horizon the tramp pro growth program which.

commissioner James o'neill Daniel Pantaleo garner officer Newsome Los Alameda Santa trump TPP president four year two year
China Trade Talks Shaped By President Trump's Divided Advisers

Morning Edition

07:28 min | 2 years ago

China Trade Talks Shaped By President Trump's Divided Advisers

"Trade Representative Robert lighthizer and Treasury Secretary Steve Mnuchin confirmed that those tariffs will take affect this Friday, if the Chinese backtrack from trade commitments, although the White House appears to be a United front in this moment NPR and the PBS show frontline found that top administration officials spent more than a year deeply divided on this issue top advisors fought bitterly over over. Whether tariffs would help the US economy or devastated, here's NPR's. Laura Sullivan, Steve Bannon, President Trump's former chief strategist I met the president in two thousand ten while get invited up to a meeting by getting day Vaasie. Says Donald Trump wants to meet and talk about running for president. And I said what country but a few days later. Bannon went and found he and Trump had something important in common shared belief that China pose a grave danger to the United States that he didn't know details he knew almost no policy, but what I found. Most extraordinary was when we got to the section on China, which kind of threw out there of a two hour meeting almost thirty minutes or more was all about China. Trump has railed against China and the US trade deficit for more than two decades. In television, interviews, he said tariffs would revive manufacturing jobs by the time. He hit the campaign trail Trump had found his audience, we can't continue to allow China to rape our country. And that's what they're doing in watched from the back when he started talking about trade. He started talking about China these working class people lean forward. No, other Republican talk like this. When Trump was elected. He assembled a team of advisers to focus on China pulling in people like Gary Cohn from gold. And sacks a hawkish economists named Peter Navarro his US Trade Representative Robert lighthizer an army general H, R McMaster who became his national security adviser. But this group of advisers quickly splintered deadlocked over whether tariffs would bring China to heal or send the world's two largest economies into turmoil. They broke into two camps the globalist versus the nationalists. Gary Cohn was Trump's top economic advisor, we agreed on what the fundamental issue was we agreed that the force technology transfer the lack of market access. The copyright infringements was all a huge problem would I think we have different methodologies on is power. We were going to solve that problem. Cohn was a globalist. He and others like HR McMaster believed. Heavy tariffs would hurt the country that the Chinese products Americans by will become more expensive business growth would slow. They wanted to partner with other countries to. Confront China with our full alliances nationalist like Steve Bannon and Peter Navarro the economists wanted to us tariffs to force China to the table to end longstanding issues of theft and unfair practices. They believed higher prices on Chinese goods would protect US jobs and bring back manufacturing. Bannon says there was little middle ground. If you take all the other nastiness on the things like the Paris accord and TPP rolling up and put it to the factor. Ten they don't compare to these weekly nasty trade makes there was a blob in the Oval Office Peter pulls at one of his charts, which the president loves next thing. You know, we have this big blow we have to exit and go back into the Roosevelt room Gary Cohn remembers it, well, he says Bannon Navarra were not bringing actual data to the meetings from time to time there were people that try to use unfort- noted undocumented facts cone says there were a lot of pictures and infographics whiteboard with giant pie charts. That's my job to get rid of the undocumented on foot noted facts. And make sure that those don't enter the Oval Office talking about Peter Navarro's charts. Yes, I'm talking about Peter Navarro's charts Navarro declined NPR's request for an interview HR McMaster said everyone in the room was concerned from the beginning about the economic threat China posed potential between the two men is clearly still high the prisoners is were wide open. And so were all the members of his cabinet all of you universally felt that China was a threat in a problem. That's correct. That's total incomplete lie. Bannon says he McMaster were never on the same page. I fought that guy every day. I don't wanna hear his nonsense now that he realizes he was on the wrong side of the history. If he said that he's a stone cold liar by the end of two thousand seventeen the discord was seeping well outside the White House. Susan Thornton was acting assistant secretary of state for East, Asian and Pacific affairs and served under ten secretaries. She said it was one of the most difficult assignments of her career trying to present a strong unified front to the Chinese you. Can't have this team. That's fighting with it self. That's a big disadvantage for us. Frankly, do think China was aware that there were different sides arguing yes, they were having fights in front of the Chinese delegation, which is like the cardinal sin of negotiating makes it look like your delegation doesn't know what it's doing. And that the leader of the delegation doesn't have sufficient authority to negotiate. Bannon says it doesn't matter if the Chinese new top officials were at odds he intended to win we came loaded. The most intense fights and debates in the White House were about this issue of terrorist. But tariffs as a proxy to the great economic war China that we're engaging for Bannon Navarro, and the nationalist it paid off in March two thousand eighteen Trump called stealing aluminum executives from around the country to the White House. We have with us the biggest deal companies in the finance tariffs on steel. Dylan, aluminum and six months later imposed additional tariffs on two hundred billion and Chinese goods cone accepted defeat. Did I feel like I had represented the non-tariff side of the equation for many people in the White House that didn't want terrorists. Well, I did. I felt like I give it my best effort, but he says, the White House globalist aren't the only ones who lost who I think lost was the United States consumer someone's paying terrif- whoever's paying the tariff is the looser for every dollar of tariff. It's collected. It's coming out of disposable income of the United States. Consumer today cone left the White House less than a week after the steel meeting and in the weeks and months that followed HR McMaster left his job, Susan Thornton left, her post at the State Department, and Steve Bannon had already resigned, but the administration is forging ahead with the nationalist agenda. Economists say it's too soon to know the impact of the tariffs. But they haven't lowered the trade. Deficit as Trump wanted in March the deficit with China was at a record high. Bannon says those are narrow outcomes he and the other nationalists are thinking bigger, I think the goal into China's quite simply to break the back of this totalitarian mercantilist economic society. So it's definitely us versus them. And I don't think is a doubt about that. Cone says that goal could turn an economic problem into something even more serious China is a superpower China has one point four billion people. That's a fact if we really become isolationist than China becomes 'isolation est. That seems to me like you're trying to set up a conflict trade talks are expected to continue this

China Donald Trump Steve Bannon Bannon Navarro United States White House Gary Cohn Mcmaster Bannon Navarra President Trump NPR Robert Lighthizer Representative Susan Thornton Laura Sullivan Steve Mnuchin Cone
"tpp" Discussed on Progressive Talk 1350 AM

Progressive Talk 1350 AM

11:47 min | 2 years ago

"tpp" Discussed on Progressive Talk 1350 AM

"The road rage and two n rational radio the Rick Unger show. Welcome back to the reconquer show every now, and then I like to pick an area in which President Trump has been doing things for lack of a better way to put it but doing things since he came into office just to see how things are working out. Have we been too harsh on the president? Have we not been harsh enough on the president are his policies may be actually working when we thought they probably were not going to. Well, I thought I would take a bit of a deep dive into where we stand on the president's approach to trade policy. Now, we know that one of the primary goals in this administration has been to find a new balance in in our our trade relationships. He is long believed that the imbalan-. That is existed. There has been very damaging to the United States. And that we've been taken advantage of and that he would be the guy to come in finding new balance and see products being shipped out of the United States into these other countries as opposed to us carrying the trade deficits where we buy more of their stuff and they buy of ours. So I kind of looked into it. I thought the most interesting place to start might be to see what the result of pulling out of the Trans-Pacific Partnership. How that's worked out for us. You will recall. It was really one of the very first acts that Mr. Trump pulled off when he became president of the United States. He took us out of the TPP, the Trans-Pacific Partnership that was the twelve nation free trade deal that President Obama hadn't go she aided but did not finish before he left office. Now, President Trump all through the. Campaign derided the TPP as a very bad deal for America. So presumably we would be better off as a result of his doing what he did. Which was pulling us out of TPP. It really hasn't turned out that way. It really hasn't. You know, what happens here the remaining eleven members. Everybody who was in on the deal except for the United States who left it. Well, they went ahead with it. Anyway, they went ahead with the TPP they slash tariffs. They they started doing more business with each other. And the United States was left out of this one country in particular had a huge impact on American business, and that would be Japan. Now prior to our withdrawal from the TPP Japan had been a significant importer of certain American products products, like grains, products, like meets other farm goods even wines. We were shipping a lot of products to Japan. They were a very good market for a lot of our agriculture sector. Well that has gone seriously seriously awry. By US exports of the wheat beef, pork. Dairy wine potatoes, fruits vegetables, all of these products have been facing collapse of their Japanese market share. Because now those sales are being handed over to our agricultural communities competitors. Now that comes from the wine institute and eighty-seven other food and farm groups. This is what they had to say. In a letter, they sent recently to the president's top trade negotiator, Robert lighthizer and bear in mind that we're talking about Japan here. Everybody already knows about the impact our trade war with China has had on these very same sort of product producers. It has been bad. So you kind of step back and take a look at this, and you go, well, you know, the president must have had some reason for pulling us out of the TPP, and it may be a bad thing for. Our agriculture community for for our winegrowers for various parts of the American economy. But it must be turning out well for somebody. Otherwise, why would we have done it? If there's no benefit to somebody. Even if it comes at the detriment of somebody else. Why would we have done it? Well, I have to tell you if you can find that segment of the American economy that has benefited as a result of our withdrawing from the TPP, I would genuinely appreciate you letting me know because I can't find it. I really cannot find as I look any place that can say, you know, what I know that farmers of America took a hit. But look it's created jobs in a different sector. You can say that by the way when it comes to some of the terror of deals that the president has pulled you can say that you can look at the steel industry. You can look. At that and say, well, okay, it did create some jobs there by imposing tariffs on foreign imports and steel. He may have cost our consumers more money, but it did create some jobs, maybe even raise some wages for people who work in those industries, but as I look at the Trans-Pacific Partnership withdrawal as I look at the industry's who are clearly suffering. And I look for those industries that are benefitting. I am truly struggling to find any winners. So now, let me move on to one of the president's other big trade gambits, and that of course, was his efforts to do away with NAFTA, which he told us during the campaign was one of the worst most horrendous deals that was ever done. Nafta. Of course is the deal that allowed Canada, and Mexico and the United States to trade in certain ways that dropped tariffs created a free trade enterprise, and by many accounts, but not all accounts worked out pretty well for everybody. Well, the. President was not happy with it. He embarked on a long negotiation with those two countries and the three of them came up with what is now known as the US MCA. This is the replacement deal to NAFTA. The president has lot it as breakthrough. He is said this is going to do great things for the American economy. It's going to open up more factories here. It's just going to be so much better than NAFTA. Right now, it is sitting in congress right now, it has not been approved. It is a treaty requires the approval of congress, by the way, it hasn't been approved on either of the other two countries either it's waiting there also. But let's take a look at what we're learning about the new replacement to NAFTA the worst deal that ever was being replaced by what is apparently the best deal that ever was and what better place to go to find out then United States International Trade Commission, an independent federal agency that finally published its report last week on the impact of the US MCA. It's not what you would have hoped it to be. It's not terrible. It really isn't. I mean, I don't think any real big arm has been done. But I expected to see this huge benefit coming from this deal that the president told us was the greatest thing since shoplift liver, replacing the worst, let me share with you the results of this government agencies report now when you consider the default scenario, the most likely scenario, you know, when they do these reports they kinda give you the rosiest the lease rosiest, and the most likely when you consider the most likely the report finds that this new trade deal will cost America almost fifty five thousand jobs and fake the United States economy shrink by twenty two point six billion dollars. Now, if you take the more optimistic estimates estimates the rosier picture. And that can certainly happen. That shows the economy growing by sixty eight point two billion and adding one hundred seventy six thousand jobs, that's the rosy scenario. Now. Correct me if I'm wrong. But if you spent two years negotiating to replace the worst deal that ever was and the best we can expect from it. Is economic growth of sixty eight point two billion dollars, which I mean, let's be honest books. We're talking about the American economy the largest in the world to say that sixty eight point two billion dollars. This peanuts is really an understatement. And one hundred seventy six thousand jobs that's one month. That's one month of job growth. I mean seriously. And this was not the result. Or the report of some left wing think tank trying to be critical of the president's negotiating skills are trying to be critical about when he ended up getting us. I don't know about you. But I find this almost laughable, and again, I will emphasize we don't appear to be any worse off. We really don't it's not like, you know, the president went with Mexico and Canada and dug a hole for us. I don't think that's the case. But we're certainly no better off. So what was the big fuss about you know, what this tells you you look at what happened with TPP? You look at what happened. Now, if NAFTA, you look at these these tariff deals, some of which are creating a thousand jobs here and there, and I don't mean to minimize thousand jobs. I'm glad to have more more jobs. No matter what it takes. But you look at this. And you see the pattern. It's it's it's it's punch hard. Withdraw move. Onto something else. Punch hard withdraw move onto something else. And you hope that maybe something's actually gonna stick that. There's actually some real benefit that's going to result from all this smoke and fury. But as you come down and take a step back and take a good look at it will pulling out of TPP has only cost us. I defy anybody. I invite the president I invite his trade negotiator. Please show me where getting out of TPP has benefited the American economy and the American people we've lost a ton when it comes to Japan, one of our key importing customers. So we're have we benefited I don't get it. And if you think that we ended up benefiting when when when the president and the prime minister of Japan who's in town today supposedly to negotiate with the president. We'll see how that goes. But I have a strong feeling that as we end. What is either the first or only term of the Trump administration? We will be losing money as a result of pulling out of TPP. This administration has been all smoke. Big talk big words and no benefit with other people. Not the president paying the Bill. It's enough already. We continue with the reconquer show right after this..

president United States TPP NAFTA Japan America Mr. Trump TPP Japan United States International Tr Rick Unger congress China Canada Obama wine institute Robert lighthizer
Trump delays increase in Chinese tariffs

The World

04:15 min | 2 years ago

Trump delays increase in Chinese tariffs

"First another day of reckoning in the US China trade war today was supposed to be the deadline for China to shape up if not the Trump administration would increase tariffs on more than six thousand types of Chinese imports. But President Trump is backing off. He's delayed new round of tariffs and says, quote substantial progress is being made in negotiations with China. Here's more from the world's Jason Margolis, the art of the deal again, or maybe not this time not with China says, economists, Derrick scissors, the idea that we're going to get the greatest deal ever, the greatest you'll ever is not going to pan out and it's going to blow up in his face. Meaning if Trump runs for president in two thousand twenty he'll have some explaining to do and a democratic candidate will be quoting candidate Trump in two thousand sixteen over and over again about how China's He actually said the words they're raping our country. We can't continue to allow China to rape our country, and that's what they're doing. And then. On sunday. He said we had the best relationship we've ever had China. It's very difficult to see how things have changed in the last two years or two and scissors focuses on the Chinese economy at the American Enterprise Institute, a conservative think tank in Washington, he just doesn't see what the Trump administration has been able to get from the Chinese that other administrations haven't, for example, one major sticking point in US. China relations has been the forced transfer of technology where American companies hand over intellectual property in order to do business in China. Trump has said that's coming to an end, the Chinese, of course, have said, they've never course technology transfer. It's all voluntary. So them writing a law that says course, technology transfer. It doesn't do anything with the issue after issue. The Chinese are making the same old promises. He says as they have many times in the past. We have known for some mechanism as we have not had in the past. And none of those promises are gonna come to fruition. But let's say President Trump does turn out to be the master negotiator. He says he is can you turn the ship around for decades? U S China trade has worked this way. China builds it we buy it. It's hard to imagine all of this being resolved right away, economists, Katie Russ at the university of California Davis says if Trump really wanted to put pressure on China, if you want to have the quickest results, then joined TPP, the trans Pacific partnership that twelve nation trade agreement brokered by President Obama, Russ says, it would have shifted trade away from China to other countries that maybe we feel more. Close strategic alliances with but President Trump withdrew from that seventy two hours into his presidency and said the US would pursue bilateral trade agreements. Instead, of course, Trump wasn't the only one opposed to the TPP labor unions, and many Democrats worried that it could cost American jobs so back to China. Trump needs a deal a few days ago. He said talks are going very well and highlighted China's commitment to buy American corn corn, but a lot of it more than anyone thought possible. Welcome news in Illinois, the nation's second leading corn producer. I asked senior economist Mike Dougherty with the Illinois farm bureau, if he had any details on Trump's corn plan, we don't and it's being treated as well. It's possible. But we'll wait and see it protects happen. Illinois is also the nation's top soya producer, China is number one export market. But this season's export has been a bust in retaliation for Trump's tariffs last summer. China slap tariffs on US. Soybeans of that crop were about forty percent under where we normally would be at internal sales to China. Dorothy says more corn sales to China won't offset this. They don't sell much corn there. Many farmers do like Trump's overall economic policies, lower taxes fewer regulations still when it comes to trade. I asked dirty if Illinois farmers still believed in the president's message. We're not sure what exactly what that message is. What are we talking about in terms of long term payoff? I mean, we were a number one number two supplier out of the world to the Chinese market for supplying their soybeans. We could just get back to that. I think most of the farmers here would be pretty happy for the world. I'm Jason

President Trump China United States Illinois Jason Margolis Derrick Scissors Katie Russ American Enterprise Institute TPP Producer President Obama Illinois Farm Bureau Rape Washington Senior Economist Dorothy Mike Dougherty
"tpp" Discussed on KCRW

KCRW

11:06 min | 3 years ago

"tpp" Discussed on KCRW

"The left. Westwood north four zero five at Wilshire three car collision at the right side. This is morning edition from NPR news. I'm David Greene in Culver City, California. And I'm Rachel Martin here in Washington DC. The partial government shutdown has now surpassed the one month, Mark. And there seems to be little movement toward any deal to end the shutdown. President Trump proposed a new plan to reopen the government temporarily restoring some protections that he previously stripped from people brought into this country illegally as children, but he hasn't budged on his demand for more than five billion dollars for a border wall. And Democrats say that's a nonstarter Republicans insist that the president. Has offered up a compromise. And now, it is the Democrats turned to come to the table. We will speak with one of those Democrats Senator Tim Kaine of Virginia. Good morning Senator. Hey, rachel. How're you doing? Well, thanks. So Senate majority leader Mitch McConnell is gonna fold the president's proposal into a Bill that he plans to bring up for a vote this week. It also will include more than twelve billion dollars for natural disaster funding, this has meant as a sweetener to get Democrats to sign on is that enough for you not unless government reopens, Rachel. That's that's what we have to do. I we have to reopen government. But then Democrats, I certainly am. And my colleagues are two are glad to have the discussion about the elements in the president's proposal. We hear that leader McConnell is going to introduce the president's proposal today. It's like a twelve hundred page Bill. The last thing we should be doing just trying to force a vote immediately on let the Senate with committees and on the floor promptly take it up. Give Democrats a chance to make amendments to make it better. In other words, treat. Like every other item of business. We have rather than a take it or leave it. But we've got to open government. I accept the administration has been fairly explicit that they understand that this is their leverage the government shutdown is the leverage. So why would they give that up? Well, think about that Rachel they're saying people's lives are the leverage they wanna use. And we want to discredit the use of government shutdown negotiating tactic. Why take paychecks away from FBI agents, why shudder food stamp offices because the president's not getting his way on border security. If we give into that kind of a tactic using massive swath of the American government federal workers in American citizens is leverage. You can be sure this president will turn to that again. And again, and again every time he doesn't get his way so government needs to reopen. And then yes, the president's elements of his proposal border security that dollar number. Doesn't worry me how the monies are going to be used. We've got a debate the TPS program, DACA. Those are very legitimate. Appoints to discuss and we can find bipartisan resolution as long as the president is serious, and they're not just trying to jam through a vote with no meaningful opportunity to dig into it. And hopefully, make it better. What is a good deal? I mean, let's just say hypothetically that the president agrees to reopen government, which I think is highly unlikely, but setting not issue aside what what would be a good deal on border security. What is the Democrats plan for border security? Well, I e as you know, Rachel, I was part of a group in twenty thirteen that did a comprehensive immigration Bill and had forty four billion dollars in border security over ten years and earlier in two thousand eighteen we presented to the president of proposal to protect dreamers. The full universe of one point eight million dreamers in exchange for twenty five billion dollars in border security. So the Democrats invest in border security over and over and over again, both the plans I mentioned you were killed by Republican. So Republicans are into five point seven now. So. Five point seven is a number that I have no trouble with as long as as long as the dollars are used. Right. So get get the president's team up on Capitol Hill and have them walk through each of the elements, they propose why do you want to spend this amount on barriers or fencing? Why do you want to spend this amounts on judges and immigration proceedings? Let's walk through the elements, and we can have a meaningful discussion. I in my view, just like we have in the past about how to spend the dollars. When I don't wanna do is spend money that's wasted. So when you have every member of congress who represents the border saying spending, it all wanna wall would be a waste. They're not saying that there can't be any barrier that we shouldn't shore up points of entry. But every member of congress who represents the border say says spending all wanna wall would be a waste. Let's get the White House out. What's him? Tell us what they wanna do. And we can find a deal. Similarly, let's take dreamers. There's one point eight million dreamers in this country. The present. Has stripped their protection, and he's proposing to temporarily restore protection to about seven hundred thousand of them. I'd like to see if we could restore protections longer or maybe permanently for the one point eight million. We could have that productive discussion back and forth. But again, if what the president wants to do is just say, take it or leave it. That's not the way it works. What the article one branch? He should introduce the Bill today. That's great. I'm glad Senator McConnell is doing it. And as you know, I've kept the the congress in this week. We were supposed to be in recess, but I objected so that we would be into consideration. But let's reopen government. And then let's engage in a meaningful discussion about the proposal that the president has put on the table. So let's re engage with the reality. Which is that President Trump doesn't want to reopen the government that he sees that as a necessary part of negotiations, you are from a state that has a whole lot of federal workers and a whole lot of other people who are affected on by government programs that are not servicing them right now. What point does does does the suffering of those people outweigh your parties resistance to to sitting down with the president? Well, Rachel, I just I got a challenge you we are not resisting to sitting down to the president. What we resist is this president using the intentional infliction of pain on workers and citizens unrelated to the border dispute as a way to get his way. So you'd say that's the reality. That's not our reality. My federal employees. Tell me do not do a deal that encourages the president to shut down the government every time he doesn't get his way we're gonna come out of this with a deal that will not only solve these problems. But we'll discredit use of shutdown as a you know as a terrorizing negotiating strategy going forward. Senator Tim Kaine we have to leave it there democrat of Virginia. Thanks as always, so repeat it. I'd like to bring an NPR national political correspondent Mara Liasson who listened into that conversation. So mara. You heard there Tim Kaine sane. I'm okay with five point seven that's a number. I can deal with but they want the government to reopen. First house is going to end when the president insists that he can't make that happen. Well, they're going to have to come up with some kind of a compromise about opening the government what pulls really badly is shutting down the government to get money for a wall. The wall itself is more popular than the tactic of shutting down the government to get it. So maybe they reopened the government for a week at a time while they talk that's something that's been done in the past. But I thought you heard some movement for compromise. He said five point seven isn't the problem, but spending it all on a wall is a problem. Once the Democrats want more protection for more dreamers dreamer eligible people. Right. So they are still at a standoff, but something's moving. Because something is coming to the floor of the Senate. Okay. We'll see if there's an opening their NPR's Mara Liasson. Thanks. Appreciate it. Like you days after President Trump took office, he formally withdrew the United States from the trans Pacific partnership. The TPP would have brought together the economies of twelve countries. Allowing for free trade of everything from agriculture to pharmaceuticals, despite the United States, abandoning this pack, the deal has now gone into effect. And it's giving the eleven member countries a competitive edge. Here's NPR's Jackie Northam on the campaign trail, then Republican candidate Donald Trump regularly railed against the TPP trade deal here he is in two thousand sixteen. The Trans-Pacific Partnership is another disaster done and pushed by special interests. Trump me good on his campaign promise input out of the trade deal. As soon as he took office that left the remaining eleven partners in the TPP wondering, what to do the initial reaction was the US was the domino. Economy. So if the US was out the benefit was marginal Jeffrey shot a specialist on international trade policy at the Peterson institute for international economics says many analysts felt the TPP couldn't survive without the US, but shot says the remaining eleven countries from Australia to Vietnam to Chile realized it was worth trying to finalize the trade deal. It was still a very good deal without the United States because of what it required in terms of instituting economic reforms at home and opening up new opportunities for exports and investments now a rebranded TPP has entered into force. Just as the US is engaged in a major trade war with China under the agreement known simply as TPP eleven tariffs have been slashed on nearly all goods amongst its members speaking at a recent conference, Michael Froman, a former US trade Representative who Nicole. She hated the original TPP set. American exporters will be hurt by losing preferential access to the TPP markets will find ourselves at a competitive disadvantage with a windfall going to our competitors at our expense, and that will be hard to reverse overtime. If we lose those market access opportunities. Take beef, for example, in Japan beef export is traditionally face a tariff of about thirty eight percent that rate will fall to about ten percent for members of the TPP eleven but not the US Australia. New Zealand and Canada are expected to absorb the US share of the beef market and other agricultural products. A report by the Canadian government finds that country's economic gains will be significantly higher than if the US had stayed in the TPP many of the things that Canada produces are similar to things that the US produces. But Canada is now. In the US out Kris sans. The director of the center for Canadian studies. At Johns Hopkins University says many of Canada's gains will be found in the agricultural sector. Whether it's wheat or soybeans or rice or even beef and pork chicken all of those products are available from Canadian suppliers. The Peterson institute predicts the US stands to lose over a hundred and thirty billion dollars over the next decade by not being part of the pact. The new trade deal is written in such a way to make it easy for other countries to join in the future. But for now, the Trump administration is looking to do bilateral.

president Democrats President Trump Rachel Martin NPR United States Senator Tim Kaine Senator McConnell American government Senate TPP congress Canadian government Mara Liasson Virginia Senator David Greene Washington DC Culver City
"tpp" Discussed on KQED Radio

KQED Radio

05:50 min | 3 years ago

"tpp" Discussed on KQED Radio

"Which is that President Trump doesn't want to reopen the government that he sees that as as a necessary part of the negotiations, you are from a state that has a whole lot of federal workers and a whole lot of other people who are affected by government programs that are not servicing them right now at what point does does does the suffering of those people outweigh your parties were assistance to to sitting down with the president. Well, Rachel, I just I got a challenge you we are not resisting to sitting down to the president. What we resist is this president using the intentional infliction of pain on workers and citizens unrelated to the border dispute as a way to get his way. So you say that's the reality. That's not our reality. My federal employees. Tell me do not do a deal that encourages the president to shut down the government every time. He doesn't get his way. We're gonna come out of this with a deal that will not only solve these problems. But we'll discredit use of shutdown as a as a terrorizing shooting strategy going forward. Senator Tim Kaine we have to leave it there democrat of Virginia. Thanks as always, we appreciate it. Glad to I'd like to bring an NPR national political correspondent Mara Liasson who listened into that conversation. So Mara you heard there Tim Kaine saying, I'm okay with five point seven that's a number. I can deal with but they want the government to reopen. First. How's this going to end when the president insists that he can't make that happen? Well, they're going to have to come up with some kind of a compromise about opening the government. What polls really badly is shutting down the government to get money for a wall? The wall itself is more popular than the tactic of shutting down the. Government to get it. So maybe they reopened the government for a week at a time while they talk that's something that's been done in the past. But I thought you heard some movement for compromise. He said five point seven isn't the problem, but spending it all on a wall is a problem wants the Democrats want more protection for more dreamers dreamer eligible people. Right. So they are still at a standoff, but something's moving because something is coming to the floor of the Senate. Okay. We'll see if there's an opening their NPR's Mara Liasson. Thanks. Appreciate it a few days after President Trump took office, he formally withdrew the United States from the trans Pacific partnership. The TPP would have brought together the economies of twelve countries. Allowing for free trade of everything from agriculture to pharmaceuticals, despite the United States, abandoning this pack, the deal has now gone into effect. And it's giving the eleven member countries a competitive edge. Here's NPR's Jackie Northam on the campaign trail, then Republican candidate. Donald Trump regularly railed against the TPP trade deal here he is in two thousand sixteen. The Trans-Pacific Partnership is another disaster. Done and pushed by special interests. Trump me good on his campaign promise in pulling out of the trade deal as soon as he took office that left the remaining eleven partners in the TPP wondering what to do the initial reaction was the US was the dominant economy. So if the US was out the benefit was marginal Jeffrey shot a specialist on international trade policy at the Peterson institute for international economics says many analysts felt the TPP couldn't survive without the US, but shot says the remaining eleven countries from Australia to Vietnam Chile realized it was worth trying to finalize the trade deal. They were still a very good deal without the United States because of what it required in terms of instituting economic reforms at home and opening up new opportunities for exports and investments now a rebranding TPP has entered into force. Just as the US is in. Engaged in a major trade war with China under the agreement known simply as TPP eleven tariffs have been slashed on nearly all goods amongst its members speaking out of recent conference, Michael Froman, a former US trade Representative who negotiated the original TPP set. American exporters will be hurt by losing preferential access to the TPP markets will find ourselves at a competitive disadvantage with a windfall going to our competitors at our expense, and that will be hard to reverse over time. If we lose those market access opportunities. Take beef, for example, in Japan beef export is traditionally face a tariff of about thirty eight percent that rate will fall to about ten percent for members of the TPP eleven but not the US Australia. New Zealand and Canada are expected to absorb the US share of the beef market and other agricultural products. A report by the Canadian government finds that country's economic gains will be significantly higher than if the US had stayed in the TPP many of the things that Canada produces are similar to things that the US produces. But Canada is now in the US is out Kris sans. The director of the center for Canadian studies at Johns Hopkins University says many of Canada's gains will be found in the agricultural sector. Whether it's wheat or soybeans or rice or even beef and pork chicken all of those products are available from Canadian suppliers. The Peterson institute predicts the US stands to lose over one hundred and thirty billion dollars over the next decade by not being part of the pact. The new trade deal is written in such a way to make it easy for other countries to join in the future. But for now, the Trump administration is looking to do bilateral deals, including some in Asia. Jackie northam. NPR news..

United States President Trump TPP president NPR Mara Liasson Jackie Northam Peterson institute Senator Tim Kaine Canadian government Rachel Canada Senate Virginia Australia Trans-Pacific Partnership Johns Hopkins University
"tpp" Discussed on KCRW

KCRW

11:01 min | 3 years ago

"tpp" Discussed on KCRW

"Is morning edition from NPR news. I'm David Greene in Culver City, California. And I'm Rachel Martin here in Washington DC. The partial government shutdown has now surpassed the one month, Mark. And there seems to be little movement toward any deal to end the shutdown. President Trump proposed a new plan to reopen the government temporarily restoring some protections that he previously stripped from people brought into this country illegally as children, but he hasn't budged on his demand for more than five billion dollars for a border wall. And Democrats say that's a nonstarter Republicans insist that the president has offered up compromise. And now, it's the Democrats turn to come to the table. We will speak with one of those Democrats Senator Tim Kaine of Virginia. Good morning Senator. Hey, rachel. How're you doing? Well, thanks. So Senate majority leader Mitch McConnell is gonna fold the president's proposal into a Bill that he plans to bring up for a vote this week. It also will include more than twelve billion dollars for natural disaster funding, this has meant as a sweetener to get Democrats to sign on is that enough for you, not unless the government reopens, Rachel. That's that's what we have to do. I we have to reopen government. But then Democrats, I certainly am. And my colleagues are two are glad to have the discussion about the elements in the president's proposal. We hear that leader McConnell is going to introduce the president's proposal today. It's like a twelve hundred page Bill. The last thing we should be doing just trying to force a vote immediately on let the Senate with committees and on the floor promptly take it up. Give Democrats a chance to make amendments to make it better. In other words, treat like every other item of business. We have rather than a take it or leave it. But we've got open government. I accept the administration has been fairly explicit that they understand that this is their leverage the government shutdown is the leverage. So why would they give that up? Well, think think about that Rachel they're saying people's lives are the leverage they wanna use. And we wanted discredit. The use of government shutdown as a negotiating tactic. Why take paychecks away from the I H Y shudder food stamp offices because the president's not getting his way on border security. If we give in to that kind of a tactic using massive swath of the American government federal workers in American citizens is leverage. You can be sure this president will turn to that again. And again, and again every time he doesn't get his way so government needs to reopen. And then yes, the president's elements of his proposal order security, the dollar number. Doesn't worry me how the monies are going to be used. We've got a debate the TPS program, DACA. Those are very legitimate points to discuss and we can find bipartisan resolution as long as the president is serious, and they're not just trying to jam through vote with no meaningful opportunity to dig into it. And hopefully, make it better. What is a good deal? I mean, let's just say hypothetically that the president agreed to reopen government which I think is highly unlikely. But setting not issue aside what what would be a good deal on border security. What is the Democrats plan for border security? Well, I as you know, Rachel, I was part of a group in twenty thirteen that did a comprehensive immigration Bill had forty four billion dollars border security over ten years in earlier in two thousand eighteen we present it to the president of proposal to protect dreamers full universe of one point eight million dreamers in exchange for twenty five billion dollars border security. So the Democrats invest in border security over and over and over again, both the plans I mentioned you were killed by Republican so into five point seven now. So five point seven is a number that I have no trouble with long as the as long as the dollars are used, right? So get the get the president's team up on Capitol Hill and have them walk through each of the elements, they propose why do you want to spend this amount on barriers or fencing? Why do you want to spend this amounts on judges and immigration? Proceedings. Let's walk through the elements, and we can have a meaningful discussion. I in my view, just like we have in the past about how to spend the dollars. What I don't wanna do is spend money that's wasted. So when you have every member of congress who represents the border saying spending it all on a wall would be a waste. They're not saying that there can't be any barrier that we shouldn't shore up points of entry. But every member of congress who represents the border say says spending, an all wanna wall would be a waste. Let's get the White House out. What's having tell us what they wanna do? And we can find a deal. Similarly, let's take dreamers. There's one point eight million dreamers in this country. The president has stripped their protection, and he's proposing to temporarily restore protection to about seven hundred thousand of them. Well, I'd like to see if we could restore protections longer or maybe permanently for the one point eight million. We could have that productive discussion back and forth. But again, if what the president wants to do is just say, take it or leave it. That's not the way it works. What the article one branch? He should introduce the Bill today. That's right. I'm glad Senator McConnell was doing it. And as you know, I've kept the the congress in this week. We were supposed to be in recess, but I have checked it. So that we would be into considerate, but let's reopen government. And then let's engage in a meaningful discussion about the proposal that the president has put on the table. So let's re engage with the reality. Which is that President Trump doesn't want to reopen the government that he sees that as as a necessary part of the negotiations, you are from a state that has a whole lot of federal workers and a whole lot of other people who are affected on by government programs that are not servicing them right now at what point does does does the suffering of those people outweigh your party's resistance to to sitting down with the president. Well, Rachel, I just I got a challenge you we're not resisting to sitting down to the president. What we resist is this president using the intentional infliction of pain on workers and citizens. Unrelated to the border dispute as a way to get his way. So you tell you that's the reality. That's not our reality. My federal employees. Tell me do not do a deal that encourages the president to shut down the government every time. He doesn't get his way we're gonna come out of this with a deal that will not only solve these problems. But we'll discredit use of shutdown as a, you know, as a terrorist negotiating strategy going forward. Senator Tim Kaine we have to leave it there democrat Virginia. Thanks as always, so repeat it. I'd like to bring an NPR national political correspondent Mara Liasson who listened into that conversation. So mara. You heard there Tim Kaine sane. I'm okay with five point seven that's a number. I can deal with but they want the government to reopen. First. How's this going to end when the president insists that he can't make that happen? Well, they're going to have to come up with some kind of a compromise about opening the government. What polls really badly is shutting down the government to get money for a wall? The wall itself is more popular than the tactic of shutting down the government to get it. So maybe they reopened the government for a week at a time while they talk that's something that's been done in the past. But I thought you heard some movement for compromise. He said five point seven isn't the problem, but spending it all on a wall is a problem wants the Democrats want more protection for more dreamers dreamer eligible people. Right. So they are still at a standoff, but something's moving because something is coming to the floor of the Senate. Okay. We'll see if there's an opening their NPR's Mara Liasson. Thanks. Appreciate it. Thank you days. After President Trump took office, he formally withdrew the United States from the trans Pacific partnership. The TPP would have brought together the economies of twelve countries. Allowing for. Free trade of everything from agriculture to pharmaceuticals, despite the United States, abandoning this pack, the deal has now gone into effect. And it's giving the eleven member countries a competitive edge. Here's NPR's Jackie Northam on the campaign trail, then Republican candidate Donald Trump regularly railed against the TPP trade deal here he is in two thousand sixteen. The Trans-Pacific Partnership is another disaster done and pushed by special interests. Trump me good on his campaign promise and pulled out of the trade deal as soon as he took office that left the remaining eleven partners in the TPP wondering what to do the initial reaction was the US was the dominant economy. So if the US was out the benefit was marginal jiffy shot a specialist on international trade policy at the Peterson institute for international economics says many analysts felt the TPP couldn't survive without the US. But shot says the remaining. Eleven countries from Australia to Vietnam to Chile realized it was worth trying to finalize the trade deal. It was still a very good deal without the United States because of what it required in terms of instituting economic reforms at home and opening up new opportunities for exports and investments now a rebranding TPP has entered into force just as the US is engaged in a major trade war with China. Under the agreement known simply as TPP eleven tariffs have been slashed on nearly all goods amongst its members. Speaking at a recent conference, Michael Froman, a former US trade Representative who negotiated. The original TPP said American exporters will be hurt by losing preferential access to the TPP markets will find ourselves at a competitive disadvantage with a windfall going to our competitors at our expense, and that will be hard to reverse over time. If we lose those market access opportunities take beef, for example, in Japan beef exporters, traditionally face a tariff of about thirty eight percent that rate will fall to about ten percent for members of the TPP eleven but not the US Australia. New Zealand and Canada are expected to absorb the US share of the beef market and other cultural products a report by the Canadian government fine. That country's economic gains will be significantly higher than if the US had stayed in the TPP many of the things that Canada produces are similar to things that the US produces. But Canada is now in the US out Kris sans. The director of the center for Canadian studies at Johns Hopkins University says many of Canada's gains will be found in the agricultural sector. Whether it's we or soybeans or rice or even beef and pork chicken all of those products are available from Canadian suppliers. The Peterson institute predicts the US stands to lose over a hundred and thirty billion dollars over the next decade by not being part of the pact. The new trade deal is written in such a way to make it easy for other countries to join in the future. But for now, the Trump administration is looking to do bilateral deals,.

president Democrats President Trump Rachel Martin NPR United States Senator Tim Kaine TPP Senator McConnell American government Senate congress Mara Liasson Virginia Canadian government Senator Peterson institute David Greene Washington DC
"tpp" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:38 min | 3 years ago

"tpp" Discussed on Bloomberg Radio New York

"Many forms last week. We explored it through the lens of fortnight one of my favorite stories of the year. So far this year, we go to a ranch and the common theme for us is Shaun Donovan he knows everything about this covers trade from all angles for us down in Washington. He joins us now. So Sean take us to the west coast because ranchers that seems like a place where maybe this whole new global order, maybe hitting it slightly different way. Yeah. So I had a chat with a guy called Kevin caster run. Something called the bear valley ranch out in central California has family's been out there on that land since eighteen sixty seven he's a fifth generation rancher. He also happens to be the the had the kind of rotating volunteer presidency for the national Cattlemen's beef federation. That's the big industry group. For America's Cowboys and the beef industry that's there, and he is looking out at the world today. And this is gonna be creeping, and that's partly because of the trade deals that that Donald Trump has has pulled the US out of the Trans-Pacific Partnership being a big one. And he's watching that go ahead without the US. And that has a very real consequence for him. And his members the US's most lucrative export market. For beef is Japan right now. It's five trillion dollar economy. The US sends about two billion dollars of beef a year there, but there's competitors and Australia and other country. That is a member of the TPP still is full of beef. Ranchers and cattle producers who are eager to export to Japan. And they're about to get a big tariff advantage that in the long run could squeeze the US out of that market. And so that's another way of thinking about what's going on in the world. Well, the point is right. And you make it so well in this story, Sean is that as the Trump team and President Trump specifically pushes back on globalization while the rest of the world is moving on and they're working on agreements and those trade flows. They're gonna start and they're gonna get embedded kind of in the global trade system. We often talk about. Nowadays about the trade wars, and the China tariffs, and so on, but there's another kind of case that that American businesses are worrying about and that is kind of losing the access that you have to overseas markets we've seen that for the soybean farmers and the way they've been out data China in recent months that some of that's coming back. But there's kind of big question about long term deterioration of kind of market share. And that is what the beef folks are worried about when it comes to the TPP. This is going to happen. Slowly, there's some things that kind of insulate them from it for now. There's a drought in Australia. That's hit. The cattle herd there. It's gonna take them a couple years to to build that back up. But at some point very soon American beef could face a fifty percent tariff going into Japan. Australian beef is gonna go to a twenty seven and a half percent tariff. And over the next fifteen years that's gonna steadily go down. And so the US Donald Trump needs to fix that. And if you're a cattle, rancher he needs to negotiate his own trade deal with Japan to replace the TV to kind of play catch up on globalization. And let's talk about where we are in terms of negotiating those new deals and keep me honest here, but it feels like when the Trump administration came into office. There was this shift from a multilateral approach to a bilateral approach. And he essentially said we're gonna knock down all of these big trade deals, whether it's NAFTA. Whether it's TPP which to be fair, Hillary Clinton was not a big fan during the campaign as well. But the idea was each of these was going to be negotiated individually. Started with NAFTA, we ended up with the US MCA. And yet not much else has happened. Japan is still out there and Europe is still out there as well. Yeah. So the Obama administration had a really regionally focused trade policy. They were trying to. They negotiated this twelve country deal the Trans-Pacific Partnership, which is now in eleven country deal without the US. And as you say that was in political trouble in in two thousand sixteen so big questions about whether or not it would have gone ahead if Hillary Clinton had been elected, but the Obama administration was also negotiating across the Atlantic. A big transatlantic deal with the EU that again was going to be enormous. It was going to pull in the twenty eight countries they're into a trade deal. The Trump administration has walked away from both of those essentially, and it's tried very hard to focus on bilateral deals with Japan and a much more limited deal with the EU. But the negotiations were two years in the negotiations for those deals are only just getting started. In fact, the formal rounds haven't even happened yet. And so there's a big question about whether when you get to the end of the first term of the Trump administration, you'll even have anything in place. It gets us back to the cattle ranchers who are worried about what that means for their market share. And I also do wonder with so much back and forth. And of course, we've been focused mostly and most recently on the US China negotiations. But I think about how much we were focused on the US Canada Mexico relationships for a new NAFTA. So are we a lot of churn an angst for kind of no reason after all? Yeah. So the US MCA has a few different things in there. Actually, a lot of people think it looks a lot like in parts of the TPP that was kind of copy and paste it into into the into the new NAFTA. Some new auto rules that the Trump administration's thinks will encourage more auto production in the us bring back some of those factory jobs from from Mexico possibly, but overall it's not a hugely different document. It's an updated version of NAFTA. But it's not a fundamentally different thing. The big question, though, is what the rest of the world is doing. And that's where kind of global. Station is marching head. We often look at just the deals at the US stereotype negotiations that the that the US is doing the in Japan on February. I have a massive trade obits going into effect, which means that European cars and jet and Japanese cars will have much greater access to each other's markets. Same for agricultural goods. Also, we've talked about the TPP, and that going ahead this eleven countries there that going ahead with that China's pursuing big trade deals Africa's talking about a big continental trade deal. So there's a lot going on without the US. That means the US is being left behind and there's a lot going on in terms of growth, right? Ultimately, we're the growth will be in years to come. It's going to be outside of the west right to you wanna make sure that you've got trade agreements in place today. They're gonna take advantage of that growth in years to come. Absolutely. It's often said ninety five percent of the world's consumers are outside the United States. That's where the markets are for for American companies and cattle ranchers like the one I spoke to Bloomberg news senior trade reporter, Sean down on one of our favorites. Carol. He brought us fortnight last week. Yeah. Deliver up to that. But this story really lays out an interesting case for where we are. And we're not very far along in this new world order as it comes to trade. Well, what's interesting any points out and reminds us that even though the president and his team may be pushing back against globalization while the world is moving on, and they are signing up global deals trade deals specifically and that may leave US companies behind. You're listening to.

US Japan Trump administration TPP Donald Trump NAFTA Sean China Hillary Clinton Trans-Pacific Partnership Australia Shaun Donovan EU Washington California president Kevin caster Mexico bear valley
"tpp" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:39 min | 3 years ago

"tpp" Discussed on Bloomberg Radio New York

"Takes many forms last week. We explored it through the lens of fortnight one of my favorite stories of the year. So far this year, we go to a ranch and the common theme for us, Shaun. Donovan he knows everything about this covers trade from all angles for us down in Washington. He joins us now. So Sean take us to the west coast because ranchers that seems like a place where maybe this whole new global order, maybe hitting in a slightly different way. Yeah. So I had a chat with a guy called Kevin caster who run something called the bear valley ranch out in central California has family's been out there on that land since eighteen sixty seven is a fifth generation rancher. He also happens to be the the head the kind of rotating, volunteer presidency for the national Cattlemen's beef federation. That's the big industry group. For America's Cowboys and the beef industry. That's there and he is looking out at the world today. And this is creeping in and that's partly because of the trade deals that that Donald Trump has has pulled the US out of the Trans-Pacific Partnership being a big one. And he's watching that go ahead without the US, and that has a very real consequences for him and his members the US's most lucrative export market for beef is Japan right now. It's a five trillion dollar economy, the US about two billion dollars of beef a year there, but there's competitors and Australia and other country. That is a member of the TPP still is full of beef. Ranchers and cattle producers who are eager to export to Japan. And they're about to get a big tariff advantage that in the long run could squeeze the US out of that market. And so that's another way of thinking about what's going on. In the world. Well, the point is right. And you make it so well in this story, Sean is that as the Trump team and President Trump specifically pushes back on globalization while the rest of the world is moving on and they're working on agreements and those trade flows. They're going to start and they're gonna get embedded kind of in the global trade system. We often talk about nowadays about the trade wars, and and the China tariffs, and so on, but there's another kind of case that that American businesses are worrying about and that is kind of losing the access that you have to overseas markets, we've seen that, you know, through the soybean farmers and the way they've been squeezed out of China in recent months that some of that's coming back. But there's a kind of big question about long term deterioration of kind of market share. And that is what the beef folks are worried about when it comes to the TPP. This is going to happen. Slowly, there's some things that kind of insulate them from it for now, there's a drought in Australia. The cattle herd there. It's gonna take them a couple of years to to build that back up. But at some point very soon American beef could face a fifty percent tariff going into Japan. Australian beef is gonna go to a twenty seven and a half percent tariff. And over the next fifteen years that's going to steadily go down, and so the US and Donald Trump needs to fix that. And if you're a cattle, rancher he needs to negotiate his own trade deal with Japan to replace the TV to kind of play catch up on globalization. And let's talk about where we are in terms of negotiating those new deals and keep me honest here, but it feels like when the Trump administration came into office. There was this shift from a multilateral approach to a bilateral approach. And he essentially said we're going to knock down all of these big trade deals, whether it's NAFTA. Whether it's TPP which to be fair, Hillary Clinton was not a big TPP fan during the campaign. Pain as well. But the idea was each of these was going to be negotiated individually. Started with NAFTA, we ended up with the US MCA. And yet not much else has happened. Japan is still out there and Europe is still out there as well. Yeah. So the Obama administration had a really regionally focused trade policy. They were trying to. They negotiated this twelve country deal the Trans-Pacific Partnership, which is now in eleven country deal without the US. And as you say that was in some political trouble in in two thousand sixteen so big questions about whether or not it would have gone ahead if Hillary Clinton had been elected, but the Obama administration was also negotiating across the Atlantic. A big transatlantic deal with the EU that again was going to be enormous. It was going to pull in the twenty eight countries they're into trade deal. The Trump administration has walked away from both of those essentially, and it's tried very hard to focus on bilateral deals with Japan and a much more limited deal with you. But the negotiations we're two years in negotiations for those deals are only just getting started. In fact, the formal rounds hasn't even happened yet. And so there's a big question about whether when you get to the end of the first term of the Trump administration, you'll even have anything in place. That gets us back to the cattle ranchers who are worried about what that means for their market share. And I also do wonder with so much back and forth. And of course, we've been focused mostly and most recently on the US China negotiations. But I think about how much we were focused on the US Canada Mexico relationships for a new NAFTA. So are we a lot of churn an angst for no reason after all? Yeah. So the US NCA has a few different things in there. Actually, a lot of people think it looks a lot like in parts of the TPP that was kind of copy and paste it into into the into the noon after some new auto rules that the Trump administration's thinks will encourage more auto production in the US bring back some of those factory jobs from from Mexico possibly, but overall it's not a hugely different document. It's an updated version of NAFTA. But it's not a fundamentally different thing. The big question, though, is what the rest of the world is doing. And that's where kind of globalization is marching it. Had we often look at just the deals at the US hysteria negotiations that the that the US is doing the EU and Japan on February. I have a massive trade dove. It's going into effect, which means that European cars and jet and Japanese cars, we'll have much greater access to each other's markets. Same for agricultural goods. Also, we've talked about the TPP that going ahead this eleven countries. They're they're going ahead with that China's pursuing big trade deals Africa's talking about a big continental. Trade deal. So there's a lot going on without the US. That means the US is being left behind and there's a lot going on in terms of growth, right? Ultimately, we're the growth will be in years to come. It's going to be outside of the west. Right. So you want to make sure that you've got trade agreements in place today. They're gonna take advantage of that growth in years to come. Absolutely. It's often said ninety five percent of the world's consumers are outside the United States. That's where the markets are for for American companies and cattle ranchers like the one I spoke to that's Wynberg news senior trade reporter, Sean down in one of our favorites. Carol he brought us sport night last week our deliver up to that. But this story really lays out an interesting case for where we are. And we're not very far along in this new world order as it comes to trade. Well, and what's interesting any points out and reminds us that even though the president and his team may be pushing back against globalization while the world is moving on, and they are signing up global deals trade. Yes, specifically, and that may leave US companies behind. You're listening to Bloomberg BusinessWeek coming.

United States Japan TPP Trump administration Donald Trump NAFTA Sean China US NCA Hillary Clinton Trans-Pacific Partnership Australia Donovan Washington president California Shaun Kevin caster Bloomberg Obama administration
"tpp" Discussed on KCRW

KCRW

01:52 min | 3 years ago

"tpp" Discussed on KCRW

"Robert lighthizer, a cabinet level official who has a knack for flying under the radar this week. The US is being represented by lighthizer number two. Jeffrey garish for insight into these talks. I'm turning to Matt Peterson senior editor at the Atlantic. Where he writes about global affairs. Matt thanks for coming in. My pleasure. So what is at the heart of the trade dispute slash tension between the US and China. This is about more than trade. These are two sides to see the world very differently and particularly Robert lighthizer. We just heard from sees the world very differently from a lot of his predecessors who held that top trade negotiator job. He really sees this as a big picture struggle between the forces of at least economic freedom, and democracy and China, and it's authoritarian government. So there's a lot of trade disputes that stake. Here there's soybeans that the Chinese are not buying at the moment. There's technology that they're blocking and messing around with. But there's some bigger things at stake when lighthizer talking so how is that different? From what we've seen in the past with folks who have had this position the pass have they not seen China as that much of a threat or have they been more willing to work with China both? So they passed US trade negotiators have certainly thought that China was a problem. They have pushed pretty hard to try and do things about it. So in the Obama. Ministration? For instance, you had the Trans-Pacific Partnership the TPP, which is a big trade deal that was meant in part to deal with China. But it came at it in a very different way that was working with American allies to try to come up with a big global approach to convince everybody to work together. Whereas lighthizer here is now just kind of taking a hammer to the relationship. He really supports all these tariffs that have gone up there mostly his plan his strategy,.

China Robert lighthizer Matt Peterson US Jeffrey garish global affairs Obama TPP senior editor official Atlantic
Trump says 'big progress' on possible China trade deal

Marketplace Morning Report with David Brancaccio

01:53 min | 3 years ago

Trump says 'big progress' on possible China trade deal

"Those concerns for American farmers come as many are already struggling with the effects of the ongoing trade dispute with China additional tariff hikes are on hold for now. And President Trump tweeted over the weekend that a deal with China was quote moving along very well, multiple rounds of tariffs encountered tariffs have roiled markets at various points throughout the year. And trade is likely to remain a big issue in the global economy in twenty nineteen for a look ahead and look back. I'm joined by Julia Coronado, founder of macro policy perspectives. And Juliet how did the markets perform overall this year, the stock market looks like it's going to end down for the year, probably single digits for the F O T five hundred global stock markets, fared a lot worse. So if you're looking at European markets or especially Chinese stock markets you're talking about. Double digit declines for the Shanghai stock market twenty five percent decline. It was a really tough year to make money in the market. Yeah. I mean, I think there's a combination globally of a slower growth and people were intimidating at the start of the year. And the trade wars certainly hasn't helped the concern about the D globalization and escalating tensions isn't good environment for risk taking. So what does all of this year in volatility set us up for in two thousand nineteen? Well, we'll see has the market corrected enough are valuations fair in investors minds. We always see lots of volatility around urine. Because a lot of people go home and take vacations. Everybody's going to be back at their screens reevaluating the world by the end of this week. We will see what the consensus brings in terms of whether we've gone far enough whether the world looks optimistic or whether we think there's clouds gathering on the horizon. Julia Coronado is. Founder of macropolicy perspectives. Thank you. My pleasure.

Julia Coronado Founder China President Trump Shanghai Juliet F O T Twenty Five Percent
Mexico, Canada and Bloomberg discussed on WDRC

WDRC

02:31 min | 3 years ago

Mexico, Canada and Bloomberg discussed on WDRC

"That trump is considering splitting the nafta talks here's very seriously contemplating kind of a shift in nafta negotiations his preference now and he asked me to convey this is to actually negotiate with mexico and canada separately he prefers bilateral negotiations joining us from our bloomberg ninety nine to one studios in washington is andrew majeida bloomberg news global trade reporter andrew canada and mexico have said they're committed to keeping the nafta agreement a trilateral agreement but what's so what's the reaction from those countries to having bilateral talks i think that they would prefer not to go down that route this is an interesting change of strategy from the president until now he's been trying to negotiate a new deal with all three countries the president has expressed preference in the past for bilateral deals he thinks that the us is less likely to get a raw deal outweigh the problem is that canada and mexico there's not a lot of appetite right now i think for them to negotiate in that way the steel tariffs have really poison the well in a lot of ways and how would they be able to create a bilateral deal out of three nations like that it seems as though that would be near impossible to pull off well you know at some point you would simply withdraw from nafta what's interesting is that an excuse well what's interesting actually is that larry cudlow didn't say that the president is planning to withdraw i think that that's really the nuclear option that people are really worried about but how would it work the way it would work as you know candidate is the us would have separate negotiations with canada have separate negotiations with mexico this is actually similar to what the us did with respective japan because as you may recall president trump pulled out the tpp and then said he wanted to do bilateral negotiations with japan japan said well hold on a second we made concessions under tpp that we may not be willing to make again to the us bilaterally so i really don't think that this is going to be very warmly received in ottawa mexico city so andrew senator john cornyn said that the windows closed to get a deal passed in this congress how will pushing nafta talks into next year changed the dynamics of the negotiations.

Mexico Canada Bloomberg Washington Reporter President Trump United States Larry Cudlow Japan Donald Trump Ottawa Mexico City Andrew Senator John Cornyn Nafta Andrew Majeida Andrew Canada
Tallahassee police raid apartment of Florida State Seminoles quarterback Deondre Francois, no arrest made

The Clark Howard Show

02:11 min | 3 years ago

Tallahassee police raid apartment of Florida State Seminoles quarterback Deondre Francois, no arrest made

"Orlando sentinel florida state quarterback andre francois spent the last two months under surveillance by the tallahassee police department because someone convinced them he was selling weed oh boy because what everybody's gonna go back to the team it's winston thing and everybody's going to go back to all its jameis winston two point oh listen to this so after the tipster went to the tallahassee police department with their theory back in february there was a two month investigation by the tpp that they went through francois's garbage and they went through some stuff to see if he was selling we well apparently after they felt like they got enough of enough evidence to get a subpoena and go break in and searches apartment they found seventeen grams just over half an ounce and for those that don't know in states where lee weed is legal it's it's pretty normal for somebody to carry a full ounce per person that's the you know so it was less than that so they've got a little back back explaining to do i think the tipster set him up apparently the tallahassee police department was by some tipster somebody guaranteed it was a gator fan i was probably hurricane fan trying to get the andrea francois kicked off the team belt head coach willie taggart says he's still on the team but you know what it's not surprising that he's using smoking we because he's got that tendon tear could remember that he suffered the play in the alabama game took him down so hopefully he's recovering back in and i don't want to give to dictate or anything because you wanna stay off the weed i am with stephen smith on this stay off the we'd do not get addicted but apparently for people that are a massive pain it's an acceptable l a lot of people that get on that you know say it helps so i i'm not going to get into the we debate in my side of it you know what if it's very very small control amounts and it helps it you're okay but the sentinel article says after the cops figured out they had wasted their time they went.

Orlando Tallahassee Police Department Francois Lee Weed Willie Taggart Stephen Smith Florida Andre Francois Gator Hurricane Andrea Francois Alabama Seventeen Grams Two Months Two Month
Body ID'd as girl in SUV that went over California cliff

Ethan Bearman

02:00 min | 3 years ago

Body ID'd as girl in SUV that went over California cliff

"News update someday i'm nikki medoro mendocino county authorities have identified the body of another missing member of the hart family they say a body recovered in the ocean ten days ago is that of twelve year old sierra heart sat officials use dna to identifier toxicology toxicology tests are pending she is the sixth of a family member found dead near the crash site to teens are still missing president trump is considering reversing one of his first acts as president correspondent bob costantini reports trump is trying to convince japan's prime minister to commit to major changes to an international trade deal kennedy donald trump campaigned hard in the rust belt in portland a protectionist message that included getting the us out of the transpacific partnership trade agreement now the leader of the top economy in the tpp is visiting president trump japan's prime minister shinzo ambi we'll have some say in whether the us could come back in as president trump is considering the top economic adviser larry cudlow is downplaying any change of heart unless there's change of details and the deal it's never been to our liking if we choose to go down that path however to quote unquote improve it we will have to be convinced that it's worth our while and i don't think the president's yet convinced that bob costantini washington porn star stormy daniels has released a composite sketch of the man she says threatened her in las vegas parking lot to stay quiet about her alleged relationship with donald trump daniels unveiled the picture on abc's the view and recounted the day she was threatened he had his hands in his pocket and he looked at my daughter and i remember him saying like a beautiful little girl it'd be ashamed of something happened to her mom daniels says she did not report the alleged threat at the time because she was scared her attorney says they're offering one hundred thousand dollars for information leading to the man's identification and scientists have developed a plant eating enzyme that may be used to fight one of the world's worst pollution problems researchers say the enzyme is able to eat pet which was patented as.

Larry Cudlow ABC Las Vegas Hart Attorney Daniels Bob Costantini President Trump Economic Adviser United States TPP Portland Donald Trump Prime Minister Japan One Hundred Thousand Dollars Twelve Year Ten Days
OPCW experts to visit Syria's Douma on Wednesday: Russian official

The Troubleshooter

01:08 min | 3 years ago

OPCW experts to visit Syria's Douma on Wednesday: Russian official

"The sp team is also on the way to look into what happened lisa thanks us defense chief james madison joint chiefs chairman general joseph dunford give closed or briefings on capitol hill today about friday's missile strikes against the syrian regime over a suspected chemical weapons attack they briefed the house first at this hour and then the senate meantime the president is set to meet with japan's leader at his florida a state instead of the white house where fox's john decker is live japanese prime minister shinzo ave arrived at president trump's moral estate with worries about us tariffs on imported steel and aluminum as well as the president's plan meeting with north korean leader kim jong un president trump tweeted earlier that he was looking forward to working with bay on military security and trade although president trump pulled out of the transpacific partnership calling it a bad deal he's asked us officials to explore the possibility of joining the eleven country modified version of the tpp that japan is leading the tpp was intended to promote international commerce and to reign in china's economic imb in asia lisa thanks john rally continues on wall street right now the dow is up two hundred nine points fox news.

John Decker John Rally Kim Jong Chairman James Madison Lisa China Donald Trump Joseph Dunford FOX Florida Japan President Trump Senate
On stand, Bill Cosby's chief accuser Andrea Constand says she wants justice

02:41 min | 3 years ago

On stand, Bill Cosby's chief accuser Andrea Constand says she wants justice

"United states and russia traded barbs if the un security council today over a suspected chemical attack in syria us ambassador nikki haley said the united states france and britain have proof that serious military launched the attack with russian support haley and the russian ambassador argued over possible us military strike to retaliate against syria russia alone that has stopped at nothing to defend the syrian regimes multiple uses of chemical weapons should the united states and our allies decide to act in syria it will be in defense of a principle on which we all agree bosnia william continue to observe dangerous military preparations development is fraught the grave repercussions for global security especially in the light of the russian military deployment in syria today russia's military said britain stage the komo chemical attack british envoy called the charge a blatant lie it's been another violent friday on the israeli gaza border gaza's health ministry says israeli forces shot one man dead nearly one thousand others were hurt including more than two hundred and twenty wounded by live fire some palestinians burned tyres and tried to breach the border fence they're protesting the decadeold blockade of their territory members of the transpacific partnership reacted cautiously today to word of president trump's apparent willingness to rejoin the trade group he withdrew the united states from the deal after taking office calling it unfair and a disaster australia's trade minister said tpp members would welcome the united states back under the existing terms let's also be clear i think it's very little appetite among the tpp eleven countries politically any meaningful renegotiation or indeed let me substantial renegotiation the tpp eleven at all the president tweeted today that he'd only consider rejoining the trade back if there was a substantially better deal in a pennsylvania courtroom bill cosby's chief accuser testified that he drugged and sexually assaulted her in two thousand four at his suburban philadelphia home andrea constand took the stand in day five of the cosby retrial she is the sixth woman to testify against the comedian cosby's first trial ended with a hung jury in june twenty seventeen president trump has ordered a task force to review the us postal service and its finances while the executive order doesn't mention amazon for weeks he's been complaining that price breaks for amazon are hurting.

Executive Andrea Constand Philadelphia Pennsylvania Britain Amazon Bill Cosby President Trump Australia United States Donald Trump Gaza Bosnia France Nikki Haley Syria Un Security Council
Yankees, Michael Houston and Bob Michael discussed on

01:58 min | 3 years ago

Yankees, Michael Houston and Bob Michael discussed on

"Two year two point three four percents nymex crude oil up seven tenths percent or forty eight cents at sixty seven fifty five a barrel comex gold up a tenth of a percent of a dollar sixty two thirteen forty three fifty an ounce the euro dollar twenty three thirty three and the yen one zero seven point five nine that's a bloomberg business flash now here's michael barr with more on what's going on around the world good morning michael good morning karen the un security council is scheduled another emergency meeting today at russia's request on the threat to international peace from basel airstrikes on syria by the us and its allies it comes as president trump met with his national security team yesterday to discuss a us response to the apparent chemical weapons attack in syria former fbi director james homey lichens president trump to a mafia boss in his new book komi claims president trump told him at a dinner i need loyalty i expect loyalty a few months later called me was fired by the president in the nhl playoffs the devils lost along with the capitals the bruins one in baseball the yankees lost to the red sox the nationals lost the giants were winners global news twenty four hours a day powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm michael barr this is bloomberg bob michael thanks very much heat is coming up on five twenty on wall street and we're joined now by michael houston chief market analyst at cmc markets michael good morning and welcome have to start out asking you about our top story the morning president donald trump's apparent turnabout on the transpacific partnership word that he's told aides to see about rejoining that trade agreement markets seemed to rejoice but then he tweets that the us would only join tpp the deal were substantially better than the deal offered to president obama likewise chinese tariffs may be a turnabout on that he says maybe they won't come about after all what's the net effect of this kind of uncertainty for the for the markets.

Yankees Michael Houston Bob Michael Director FBI Bloomberg Barack Obama Donald Trump Cmc Markets Analyst Giants Red Sox Baseball Bruins Devils NHL President Trump
Trump looking to re-enter TPP, says Sens. Pat Roberts, Ben Sasse

C-SPAN

02:15 min | 3 years ago

Trump looking to re-enter TPP, says Sens. Pat Roberts, Ben Sasse

"The rule of law and economic security in the pacific thanks for more something that could potentially be called reality i mean we know where the president stands on on tv was kind of something he voted out there or something that he is well clearly it's a deliberative process on the president is up is a guy who likes to blue sky a lot and entertain a lot of different ideas but he multiple times reaffirmed the point tpp might be easier for us to join now wants the teepee eleven is aligned and we might be the twelfth party to those negotiations as opposed to the long process that it took to get to be i'm sure there are lots of particulars and i obviously don't speak for the administration at all on any of that i'm sure there are lots of particulars that they'd wanna negotiate but the president multiple times reaffirmed in general to all of us and looked right at larry kudlow and said larry go get it done thanks robin framework the framework the concept it was put an is look as we talked to all these other countries that puts pressure on china because they come back to looking at the united states how do we increase trade open markets and our leadership rather than china for their leadership shrimp well again look the objective here is to open markets and to avoid any kind of retaliatory tariffs and that was really the focus of the discussion today was how do we get fair trade free trade and open markets and i think if you ask anybody at the meeting they'll tell you creative ideas to get that done what about what about subsidies subsidies sided at this point talk about that as far markets in the white house driveway today you heard from four senators john hoven republican from north dakota dead fisher republican brassica ben sasse republican nebraska and pat roberts republican from kansas and chair of the agriculture committee after that meeting with members of congress and governors and others with the president talking about trade there's this from the new york times rejoining the tpp could be a complex task the remaining eleven countries have spent months renegotiating pack that lacks the united states market and finally agreed to.

President Trump Larry Kudlow China United States North Dakota Nebraska Kansas Congress New York Times White House John Hoven Pat Roberts
Trump looking to re-enter TPP, says Sens. Pat Roberts, Ben Sasse

Jay Talking

02:30 min | 3 years ago

Trump looking to re-enter TPP, says Sens. Pat Roberts, Ben Sasse

"The hour presented by theraworx relief i'm jim shanavie in stark contrast to the heated rhetoric earlier this week the trump administration has dialed down the war talk when it comes to retaliation for serious alleged use of chemical weapons correspondent gave president trump met with his national security team thursday afternoon but he merged without a final decision on how to respond to the suspected chemical attack in syria us intelligence estimates forty two people were killed and hundreds more injured we're looking very very seriously very closely all situation syria and its ally russia deny any such attack occurred defense secretary jim mattis totally congressional panel he believes there was a chemical attack but said responding is complicated how do we keep this from escalating out of control it was one of his first actions as president mr trump pulled the plug on u s participation in the transpacific partnership a trade deal that he said gave the us the short end of the stick now with farm states concerned about a trade war with china the president is suggesting the us could reenter the tpp if it can get a better deal nebraska senator ben sasse multiple times reaffirmed point that tpp might be easier for us to join now mr trump says we already have bilateral deals with six of the eleven nations teepee an and are negotiating with the biggest japan the president's choice to be the next secretary of state was before the senate armed services committee yesterday margaret brennan reports director mike pompeo argues that as secretary of state he take a hard line toward russia and contradicted president trump's claim that the bad blood with russia was caused by special counsel robert mueller's investigation into election meddling do agree with that the historic conflict between the united states and the soviet union now russia is caused by russian bad behavior pompeii also revealed that he'd been questioned by muller a cooperated and said that president trump had never asked him to interfere a federal judge in los angeles has issued a nationwide injunction to block the justice department's plans to give priority status for policing grants to local departments that agree to cooperate with federal immigration officials judge manuel real ruled that that would force police to participate in immigration enforcement and upset the constitutional bounce justice officials will argue the department has the lawful discretion to give additional consideration to police departments that cooperate especially those that provide information about people who are in.

Justice Department Manuel Real Special Counsel Mike Pompeo Director Margaret Brennan Senate Japan Ben Sasse Senator Nebraska Jim Mattis Jim Shanavie Los Angeles Muller Soviet Union United States Robert Mueller China
Cfo, Benedict Benedict and Managing Editor discussed on

02:03 min | 3 years ago

Cfo, Benedict Benedict and Managing Editor discussed on

"The deal offered to president obama we already have bilateral deals with six of the eleven nations in tpp working to make a deal with the biggest of those nations japan who's hit us hard on trade for years building on our trade story trump also struck a more optimistic tone on china this comes as the country's exports posted a decline in march leaving a surprise trade deficit is bloomberg's bryan curtis where the details from hong kong exports fell two point seven percent after a whopping gain of forty four and a half percent the previous month a sizable miss here from the projected eleven point eight percent increase in a bloomberg survey imports to jump fourteen point four percent and that did beat estimates it left us somewhat rare trade deficit for china to the tune of four point nine eight billion dollars firstquarter data are often strongly affected by the chinese new year holiday and this time we had a fairly chunky currency effect the increased three point seven percent in the first three months of the year in hong kong i'm bryan curtis bloomberg daybreak europe london stock exchange group is hard goldman sachs's david schwimmer to run the two hundred and seventeen year old balsa ending a months long search he'll join the group in august off to a twenty year career golden's he takes up one of the most high profile jobs in the city of london schwimmer replaces interim chief executive david warren will retain his role as cfo and in other news some corporate news that i spoke about earlier volkswagen has picked a new leader in a management shakeup at the world's biggest carmaker as it is attempting to draw a line under the diesel scandal herbert dc they had vw's namesake brand will become ceo as well as oversee technology across the organization the moves come as the company prepares for wave of technological changes said to up end the industry's traditional business models let's get more on that story from bloomberg's global business managing editor benedict benedict how the.

CFO Benedict Benedict Managing Editor Chief Executive London Japan President Trump Bloomberg CEO Herbert Dc Volkswagen David Warren David Schwimmer Goldman Sachs Europe London Stock Exchange G Hong Kong Bryan Curtis China
Trump looking to re-enter TPP, says Sens. Pat Roberts, Ben Sasse

02:04 min | 3 years ago

Trump looking to re-enter TPP, says Sens. Pat Roberts, Ben Sasse

"Whole lot of change although the end did weaken lot in in new york session and looking at oil prices vary strong dwi crude was up over sixty seven dollars a barrel for much of the morning now at sixty six eighty five doug back to us all right brian well as you mentioned president trump making some comments on teepee he told lawmakers he's considering rejoining the transpacific partnership now you might recall that he withdrew from tree tpp shortly after taking office republican senator ben sasse of nebraska was part of the group that met with the president china cheats and lots and lots of ways their theft of intellectual property they're made in china twenty twentyfive initiative are a whole bunch of bad actions and that cheating needs to be countered but the single best way we can counter that is by leading all the rule of law nations in the pacific would rather be aligned with the us then be aligned with china well the president's news on tv p comes ahead of next week's visit to the us by japanese prime minister shinzo obey bloomberg's global economics and policy editor is kathleen hayes she tells us president trump's move will be welcomed by japan it seems to me that he may be also getting ready to take steps that are so important for asia ex china this again is something that japan and other nations want in place because they to want to counter china's rising power in the region particularly when it comes to trade trump and albay will also likely discuss the us tariffs on steel and aluminum and the possibility of japan being granted an exemption from these levees and on sunday japan and china will begin their first highlevel economic dialogue nearly eight years we have more from bloomberg's ramy inocencio chinese foreign minister wong e will visit japan for three days to meet as counterpart taro kono bilateral trade and investment is strong but the relationship has been plagued by problems in recent years including territorial dispute in the south china sea one topic that may be discussed is japan filing to join a us complaint to the.

Donald Trump Kathleen Hayes Editor Brian New York Albay Japan Asia Bloomberg United States President Trump China Theft Nebraska Senator Ben Sasse Doug Sixty Seven Dollars
Political Director, Director and Fbi discussed on Afternoon News with Tom Glasgow & Elisa Jaffe

Afternoon News with Tom Glasgow & Elisa Jaffe

01:09 min | 3 years ago

Political Director, Director and Fbi discussed on Afternoon News with Tom Glasgow & Elisa Jaffe

"Again on the trans pacific partnership trade deal from which the president withdrew the us last year the president meeting with farm state lawmakers who urged him to rejoin the tpp or transpacific partnership because being left out is hurting american companies and farms they want to feed the world and they want a reduction of tariff and nontariff barriers republican senator ben says saying the president told his economic advisers to try and get back into the tpp unclear whether other nations will say okay andy field abc news washington defense secretary james mattis says the world's chemical weapons watchdog looks to have inspectors in syria within the week while the suspected chemical attack there has the us drawing up plans for a military strike the presence of poisonous substances has not been formally confirmed president trump said an attack could take place very soon or not so soon at all we're looking very very seriously very closely at that whole situation we'll see what happens we'll see what happens it's too bad that the world puts us in a position like that multiple investigations underway in cincinnati after the death of sixteen year old kyle plush trapped by a bench seat in a mini van in the parking lot of his high school plush called nine one one twice police never found him something went wrong here and we need to find out why we weren't able to provide that help it we hope we could ask cincinnati police chief elliott isaac says one dispatcher has been put on administrative leave in his forthcoming book former fbi director james comey says president trump sought loyalty like a mafia boss abc news political director recliners read an advance copy homey was so concerned about these interactions that he was dictating memo's writing memos in real time ultimately allowing a friend of his directing a friend of his to leak the contents put out the contents of one of those memos the white house says no comment about the book up day on wall street the dow closing two hundred ninety four points higher the nasdaq gaining seventy one you're listening to abc news komo news one thousand fm ninety seven seven number one for news good afternoon it's four zero two overcast with fifty one degrees in seattle i'm elisa jaffe with tom glasco here are the top stories from.

Political Director Director FBI James Mattis ABC Tom Glasco Elisa Jaffe Seattle President Trump White House James Comey Elliott Isaac Kyle Cincinnati
Trump says U.S. will only rejoin Pacific trade pact if terms are improved

All Things Considered

02:11 min | 3 years ago

Trump says U.S. will only rejoin Pacific trade pact if terms are improved

"In los angeles i'm carl rozelle thursday april twelfth good as always to have you here everybody that was president trump in his fourth day in office pulling the united states out of the transpacific partnership the then twelve now eleven member asia pacific trade deal negotiated by the obama administration this which about the here is american hog farmer brian duncan talking to us last week on the four hundred and thirty ninth day of the trump administration and when we see this attitude towards china and also top talk on nafta we saw withdrawal from tpp which was going to be very beneficial agreement proposed producers i think that's all combined to a negative psychology that that there's already casualties in this trade escalating trade fight much like healthcare it seems global trade is proving to be a bit harder of a nut to crack than president trump had thought it might be in a meeting with farm state legislators and governors today mr trump said he has told his top economic and trade advice that he wanted them to see about getting the united states back into the transpacific partnership it's not really a surprise the president hinted at it in his speech at the world economic forum in davos in january treasury secretary steven mnuchin flat out said it in an interview on this program a month or two ago negotiations on this start tvd i guess trade aside the fundamentals of this economy are strong right now and we are going to get some corporate fundamentals over the next couple of weeks earnings to be specific big wall street banks j p morgan chase insig rupe among them are expected to report strong prophets tomorrow which could give a hint about the rest of things marketplaces ryan kyle has that one my fellow new yorker hope bowman says her 401k has been making her a little nervous lately yeah i called the investment specialists at charles schwab yesterday because i was just i got myself into a panic about my allocations she's been nervous for the same reasons a lot of investors are nervous these days geopolitical worries are probably the number one thing right now you have problems with north korea trump talking about a trade war with china things going on with syria jim senegal of morning start says that stuff's not helping stocks enter.

Ryan Kyle Syria North Korea Brian Duncan Asia Pacific Carl Rozelle Jim Senegal Charles Schwab Bowman Los Angeles Steven Mnuchin Davos Mr Trump China Obama Administration United States President Trump 401K