the u.s. and iran, and the u.s. and its european allies. trump threatened other countries seeking to trade with iran, tweeting -- "anyone doing business with iran will not be doing business with the united states." iranian president hassan rouhani has condemned the sanctions as psychological warfare, saying last weeeek he would not begin negotiations until the sanctions are withdrawn. the first step would be for u.s. president donald trump to show he generally was to engage in negotiations to solve the problem. what is the meaning of negotiations when you impose sanctions at the same time? it is like someone pulling a knife to stab a rifle -- rival or enemy and arm while at the same time claim we should be talking and negotiating. the answer in such a case would be to say to remove the knife from the arm and put the knife away. amy: just last month, president trump said he would meet with iranian president hassan rouhani whenever rouhani wants, without preconditions. this is trump speaking at

taylor: does the u.s. game whether canada mrs. -- gain whether canada misses the deadline and we go it alone with mexico? does the u.s. come out ahead either way? >> business groups and lobby groups and members of congress said they want to give nafta a trilateral deal and if the u.s. moves ahead with mexico and canada is left in the dust, they will be questioned from businesses about where does this leave their supply chain across the entire north american region. and what happens with the relationship -- trading relationships with certain .tates, canada and particular they will be a lot of questions and not a lot of answers immediately. there will be concerned about canada joining the deal and keeping this trilateral. romaine: bloomberg had out a report that about how justin trudeau is starting to see some pressure by his party. what is the potential political fallout in canada if a deal is not agreed to soon? >> the u.s.-canada trading relationship is huge. there is an election coming up in canada next

the u.s. and mexico, that breakthrough deal. with that said, the peso fell because they are lacking some clarity, and also some questions on whether it could get through congress. meantime, canada is said to be encouraged. what does that mean for china? donald trump saying it is not the right time yet to talk with beijing. a a lot of stuff going on, but at least one breakthrough. haidi: it is really interesting. you have to wonder what kind of a rally we could potentially see in u.s. stocks, if there was a sign of a breakthrough when it came to trade tensions with china, given the exuberant rally we saw in response to this, look s like nafta but isn't. [laughter] as we wait and see whether canada can we get back in as well. ramy: a reminder of how u.s. stocks ended, but meantime, a couple lines just crossing the terminal. the foreign minister says she's returning tomorrow to continue trade talks. u.s.id just head to the trade representative's office in d.c., saying it was a constructive meetin

moves, if the u.s. moves into a more high key profile, there will be a vacuum that needs to be filled area working on environmental law legislation, drafting. in cambodia, or in vietnam. that is the scenario that taiwan is expected to. that is so metoo capacity building, low-key zone. that taiwan could again, engage in. last comments on good for the u.s. zynga for southeast asia, is on people to people exchange. chinese --hed china's move, there's been a huge volume of frequent people to people exchanges. whether it is educational, business to business, they are happening all the time. wideis creating a deep and web of networks between china and southeast asia. i don't think so they bad thing. time, we're not quite sure how there are people to people exchanges paying off. as, taiwan and even the u.s. is considering reaching out to southeast asian countries. the countries are saying we need more of these people to people exchanges. that is how you foster this environment or it i think it is important to

the u.s. sanctions contradict any intention to negotiate how can we be honest about wanting to negotiate if you are putting sanctions against children and sick people. in terms of practical steps that the iranian government intends to take to combat ongoing american economic pressure dealing with china and russia as trade partners as economic allies as one thing he also applauded the european union for issuing blocking regulations to help resist the pressure of ongoing american sanctions against iran he thanked people for their ongoing patience with regards to their financial hardship and he said that things were going to get better but effectively asked frustrated iranian people many of whom who have been taking to the streets in protest for a little more time to help course correct the country's economy. joining us is fired the a professor of world studies at the university of tehran good to have you with us how do you think iran will respond to these u.s. sanctions. i think if you don't use

u.s. and turkey after the u.s. recently imposed sanctions. the sanctions were put in place after turkey detained an american pastor. this is hosted by the washington institute for near east policy. it's one hour 30 minutes. >> good afternoon but i wanted to welcome you this afternoon to the policy form. i am a senior fellow here at the research program and i see a lot of familiar faces around the room. we are here to join this discussion, the panel on u.s. circulations and the war of mutual sanctions. this event is on the record, it will be on social media and we have c-span live streaming the event. it's also on live stream of our website and i want to welcome everyone who is joining us online to this afternoon's important conversation on what lies ahead for the u.s. turkey relationship. we put together a great panel for you. with change their seething order. i will go from my immediate left, steven cook and senior fellow for the institute alumni and the expert on arab in turkey politics.

the u.s. state department says iran's case against it at the international court of justice is an attempt to fear with to interfere with u.s. sovereign rights iranian government lawyers are appealing to the un's top court to hold three new american sanctions iran argues the u.s. violated a treaty signed in one thousand nine hundred fifty five which emphasizes friendly relations the us government to reimpose sanctions three weeks ago after withdrawing from the iran nuclear deal last lee has been following those proceedings for us to declare on the hague in the netherlands. the iranian side spends its three hours of court time here on monday trying to do two things in front of the judges first of all to explain how very damaging the american sanctions were everything from issues to do with renewable energy projects aircraft parts car manufacturers who now couldn't invest in iran. sports going down the debasing of the iranian economy all of these things a direct result of the american sanctions p

for the u.s. administration of the trump administration and whether it's intentional or not it has adopted the routine strategy. there's no follow-up in terms of what comes after. there's one thing to say that it's up to iranians to determine their future. i think the u.s. is very invested in the outcome because it is strangulated in iran's economy. if iranians rise up and come into the streets by the millio millions, i think it will be key what the u.s. will do and what kind of signals it sends in what policies as well. it's one thing to sanction and they have done that very well. it's another to support opposition groups or decide very solidly whether washington is going to engage in the regime, force another deal which i don't think is a possibility, or whether once and for all they will figure out what to do with the post regime iran and in tandem with the iranian people. >> i would like to thank c-span for being here today. they're covering the event. what's interesting about what i have hear

u.s. sees evidence of change. hurtng says tariffs everyone. a very good morning again and hello to all of the global viewers. looking at what has happened the past 24 hours, there is a trade for pain, and there is a trade for earnings. we saw that pushed back and forth in terms of equities. we started low but ended up mixed. we seek we don't know it is when -- where it is heading. a lot of central-bank action out of the bank of england. in terms of what is happening, the central bank is trying to figure out the drivers that are trying to come out from wall street as well. this was surprising. maybe we will get another rate move out of mark carney. you spoke about the pain trade. if you look in -- listen to wilbur ross, he said putting beijing in that position of pain hopefully from his point of view, the trump administration's , they will get them closer to economic reforms. that is a long-term game. they the question is if could relate debt there. let's get you caught up with what has hap

japan realizes -- but the u.s. if the u.s. decided to leave the region, what japan can do is very limited. also why japan is not , so frustrated, sometimes described as an isolated partner of the united states over north korea? the reality is actually that what japan can do to the north korea is lenient. and what japan cannot see in the negotiation between the u.s. and north korea is to extremes. -- two extremes. one extreme is war. or conflict, military conflict. japan is afraid of the other extreme. too much competition by the u.s. the starting of a nuclear --. and the starting of a nuclear arsenal. even such a scenario realized, alternative for japan to take. what japan is trying to do is maintain ties with the united states and try to favor international liberal order. that is probably several things. very interesting. [indiscernable] which i belong to has been working on the promotion of -- exchange between japan and --. [indiscernable] and promoting asian nation stability and prosperity. and in that context, a very inter

the u.s. will not win a trade war, warns the ceo. >> the concern we have looking forward is that if protectionism does take hold, it will have a dampening effect on the global economy. matt: of course chinese stocks rally hard. we do not see green arrows when you look at european futures. little change in dax futures and cap futures. the big moves down his ftse futures. that could be due to the strength in the pound against the dollar this morning. you're going to see strength and a lot of currencies against the greenback as it pulls back. guy: that is the big story of the morning. the australian market being affected by bhp billiton overnight. we're going to hear more about that in just a moment. the chinese markets rallying parted to the close. price action positive. it was a solid day yesterday in europe. interesting lines in the sand for the swiss franc. it is up by 0.4% overnight against the u.s. dollar. the euro now trading with a 1.15 handle. the british pound is cashing a bit right now

the u.s. also argues the profits made from the lifting of sanctions is being used to purchase and export weapons in places like syria lebanon and gaza to support proxy militias and the state financing of terrorism the sanctions come as protests continue in iran against deteriorating economic conditions but the united states denies the sanctions are timed to force regime change instead it says it hopes to modify the iranian government's behavior despite longstanding u.s. policy of no formal diplomatic relations with iran president donald trump has even indicated he's willing to sit down for talks with iran's leaders no preconditions no they want to meet anytime they want heightening tensions top european foreign policy chiefs are implementing something called a blocking statute to protect e.u. firms still intent on doing business with iran in spite of the u.s. sanctions prompting this stern warning from a senior republican senator. under these sanctions you have to pick between the american eco

a new round of u.s. tariffs kicks in. >>> saudi arabia slamming a report saying that it is cancelling the world's biggest ipo. >>> hawaii on high alert a category 4 hurricane bearing down. >>> apple booting a facebook security app over privacy issues >>> and we continue counting down to our week-long series beat the street. today another fund manager is up 28% just this

the u.s. and its allies want to end iran's influence in syria as an american envoy made clear in territory controlled by us by kurdish fighters we remain focused on ensuring the withdrawal of iranian forces and their proxies from the joint syrian russian command post the message is clear that the bill faced the same attacks as all of the rebel held areas in what they call liberation from terrorism. this is what that liberation looks like whether in homes or aleppo areas back into the control of president bashar al assad's forces backed by russia and iran. there can pierce the u.k. ambassador to the united nations she says the situation in adelaide is getting worse we are extremely concerned about the situation around its lip where there are almost three million civilians we believe they are at risk every shima sult we have some interesting questions we want to pry away of excitement the machine forces have been located. and of course at the back of everyone's mind is the risk of another chemic

the united states and u.s. military manufacturers sell a lot of stuff to saudi arabia as they do they don't understand that like well we don't know of are those because you know what do you just say like what we sell them but we don't know let me will we don't have people on the ground well maybe you should if you're suckling them air to ground missiles and all that is what we help them with logistics we help them target we you know we don't we're not a part of this war in yemen but also initially helping them do it yeah. you can even trace the sale of these weapons doesn't say look we know that they're not as if we don't know that taxpayer money and all of this aid to saudi arabia or whatever they're buying or not buying from according to an international news back in two thousand and fifteen saudi arabia has required had they had reported that saudi arabia has requested a huge transfer of air to ground weapons for the u.s. to bolster war stops the proposed comprises more than twenty thousand mostly precision

the u.s. sanctions against iran which should just come into force have seen a spike in oil prices with analysts predicting the upward trend will persist with the u.s. preparing to impose yet more sanctions the iran's second largest trading partner has shown it's ready to protect european companies doing business with tehran. we are determined to protect european economic operators in legitimate business with iran this is why european union's updated blocking statute enters into force under seven of august to protect e.u. companies doing legitimate business with iran from team pact of u.s. extraterritorial sanctions we believe that it is and it has to be up to. the europeans in this case to decide with home to trade while the first round of sanctions prohibits iran from using american currency and push restrictions too on creating precious metals and also includes limiting rainy and currency flows as well as constraints on the car trade smear a car looks at the kind of impact u.s. sanctions hav

new u.s. sanctions on iran are in force there the first round of measures against iran after president donald trump rene exam the two thousand and fifteen nuclear deal iran's president is accusing washington waging psychological warfare of sanctions are likely to weaken iran's currency which has been in freefall since trump's decision but also blocked iran from getting access to american dollars the u.s. has stopped imports from iran including food and carpets the sanctions also limit iran's ability to buy raw materials like steel and coal as well as precious metals in november more sanctions will kick in they'll include measures for civically targeting the oil sector and foreign banks that do business with iran kimberly healthcare reports from washington d.c. . the united states says iran is a threat and it wants to punish the country's government by isolating it from the global financial system starting tuesday you. u.s. sanctions will be reimposed to target a range of sectors blocking iran

the u.s. and china countdown to tit-for-tat tariffs. we will see billions of dollars of goods on both sides. washington is warned against further escalation. ramy: i am ramy inocencio in new york, it is just past 7:00 p.m. on sunday. markets set forth a mixed and muted start. traders looking ahead to the meeting at jackson hole. elon musk says this is the way im and rejects calls for him to change and the way his company operates. ♪ ramy: good morning, happy monday. looking ahead to this week, the biggest events is what will be happening with the trade tensions and negotiations happening between the u.s. and china, we have low-level ministers from both sides, as well. they are potentially paving the possibly inmmit november. yvonne: everyone expecting that maybe not so much a breakthrough, if we can get some illumination of further tariffs. the u.s. has threatened more for later in the year. we mentioned also jackson hole, the central bankers meeting on the break. it will be interesting to s

what it really links to the u.s. economy the u.s. is still the biggest and most important economy in the world to assume a certain extent we all have to dance to the u.s. is chewed the trade issue is much bigger than the sanctions issue we worry over here in europe a lot about trade wars of course we're in some thirty percent of our g.d.p. from exports the u.s. it's some fifteen good news is the u.s. and e.u. seem to have seen signed some kind of truce since the younker trump meeting some two weeks ago now we have to focus on the u.s. china issue latest news there is there's no real progress so we could see some more escalation of the trade war between the u.s. and china that will be tough for markets to deal with. bearing that bank in london well saudi arabia does not take kindly to being lectured on human rights by other nations canada recently plunged into a diplomatic spat with riyadh over the release of saudi activists from detention in germany stands to lose out on new critics business contracts in the kingdom following critici

would step up u.s. soybean imports the latest figures show that that process was already well underway . today that you can call me commission has published the latest figures on e.u. imports offsite beans showing an increase of two hundred eighty three percent in imports from the u.s. bringing that use total sheriff imports of u.s. soybeans to thirty seven percent up from nine percent just one year ago washington had already promised twelve billion dollars to compensate farmers hurt by the dispute with china but with harvest time approaching many of the must still uncertain i think there's maybe just a little bit of comfort there knowing menstruation is backing farmers but you no longer we're not looking for any kind of an aid package we want markets to work and markets to be in china was us soybean farmers main market and it's doubtful increased e.u. imports can make up for the loss soybeans made up sixty percent of u.s. agricultural exports to the country beijing meantime has ramped up domestic produ

would step up u.s. soybean imports the latest figures show that that process was already well underway today that you can commit commission has published the latest figures on e.u. imports offsite. showing an increase of two hundred eighty three percent in imports of savings from the u.s. bringing that use total sheriff imports of u.s. soybeans to thirty seven percent up from nine percent just one year ago washington had already promised twelve billion dollars to compensate farmers hurt by the dispute with china but with harvest time approaching many of the must still uncertain i think there's maybe just a little bit of comfort there knowing the administration is backing farmers but you no longer weren't looking for any kind of an aid package we want markets to work and markets to be. china was us soybean farmers main market and it's doubtful increased e.u. imports can make up for the loss side beings made up sixty percent of u.s. agricultural exports to the country beijing meantime has ramped up domest

which faced a fatal cutoff of u.s. tech imports over u.s. sanctions against iran and north korea and turning to east africa a major infrastructure project on the nile river with the potential to transform energy commerce and perhaps geopolitics in the region is now under a cloud of uncertainty and suspicion after the project manager and engineer smeg new big kellett was found dead from a gunshot late last month mr big kelly became a beloved public figure with any of the opium for his efforts to push the half finished four point eight billion dollars ethiopian grand renaissance dam project over hurdles of domestic corruption and opposition from sudan and egypt which fear the power generating dam could reduce their agricultural water supply ethiopia says that they will let the water pass through to generate as much as sixty four hundred megawatts of electricity doubled their current level making them a net energy exporter mr big calley was an abaya for an announced press conference addressing project delays leading to anguish suspicion and spe

once we, the u.s. began prosecuting colombian traffickers in the u.s., meaning we would ask columbia to extradite them and we entered into a really sophisticated partnership with the colombian government to bring down cartels. once the cartels understood the risk of being prosecuted in the of thehey shifted a lot transportation part of the drug trade to mexicans. and would produce the drug select the mexicans and a lot of mexicans to say control of transporting drugs from south america to mexico into the u.s.. mexico became a leading player in the drug war. it's cartels began to control the trade in ways the colombians used to. -- whenone cartels cartels began to play a more prominent role -- the prominent role in the drug trade. continues to be the case to this day, that the mexican cartels are still the larger players. they have taken several significant lows in recent years. many of the leaders of the cartels have been arrested. inre is a lot of disarray the cartels right now. some of them have not

is the u.s. economy vulnerable? italian bond investors run for cover ahead of what is potentially another month of political -- political turmoil. we start with the big issue. paying in emerging markets. >> emerging markets has been hit quite hard. >> globally quiddity is actually on the retreat. that will definitely lead traces in emerging markets. >> some of them are in good shape, some of them are not. tarred by theeing same brush. investors who are careful about looking for the nuggets are going to find some really good opportunities. >> you do see some selective value there. what has hurt the emerging markets has been the strong dollar and the fed tightening and higher u.s. interest rates that has caused capital move out of emerging markets into the u.s. but the point is that a lot of thethe dollar strength, most of, who knows when the dollar will take? a lot of that has happened. >> we will see points in time where investors start splitting their interest between the good, bad, and ugly. with regard to emergin

he will lie in state at the u.s. capitol. >>> and nfl teams colluding to keep colin kaepernick out of the league? an arbitrator refusing to rule that out. a big win for colin kaepernick in the legal battle. welcome back to "early start." i'm kaylee hartung. >> i'm dave briggs. good morning to you. friday, august 31st. 5:00 a.m. in the east. we start with politics. not if, but when. the president in an interview with bloomberg says jeff sessions job is safe through the midterms. he makes no promises after that. the president is angry over sessions recusing himself with the russia probe, but sessions recusal is stopping him from addressing the origins of the russian probe. trump said so as much in the bloomberg interview. >> i would like to have jeff sessions do his job and if he did, i'd be very happy. the job entails two sides. not one side. >> the president also telling bloomberg he sees the mueller investigation as illegal and did not say whether he would comply with a subpoena. the question of who would replace se

the first step would be for u.s. president donald trump to show that he genuinely wants to engage negotiations disciple problem. what's the meaning of negotiations when you impose sanctions at the same time. it's like rodman pulling a knife to stab a rival learning enemy in the arm at the same time claiming we should be talking and negotiating. but they could take up the president's offer to negotiate with them to give up their ballistic missile and nuclear weapons programs fully and really verifiably not under the onerous terms of the iran nuclear deal which really are not satisfactory you know this is this is a complete package the president has spoken to numerous european leaders about this if iran were really serious they'd come to the table we'll find out what they are not you know we'll find out whether or not they're serious my first guest tonight says that trumps policy of tightening device on iran is likely to lead to war he is the author of the new book losing an enemy obama iran and the triumph of diplomac

that is nowhere close to the 639 billion cube meters in the u.s. >> in the u.s. model, it is like a factory, a flat plane, as many wells as you possibly can. you can't do that in china. john: with hopes to meet increasing gas needs, they have cut the resource tax on shale by 30% and have a subsidy. but there is uncertainty if that policy will continue. >> in terms of the government role, it is pretty backseat i would say. the subsidy is important, but they don't really seem to be doing a great deal. they are saying it is time for to lock in your own two feet. john: if shale drilling is going to take off in china, it will be because of lessons learned here in the country's southwest. it is the largest shale gas plain outside of north america. >> it is very important in terms of being like a laboratory. it is where they learned the trade. in terms of all the new techniques they are trying to learn, and how they improve shale gas production, feeling it is crucial. john: china's energy giants are pouring money into it. they say shale gas investments will reach over 1

we had a muted session in the u.s. last night with most of the major indices closing around the plat lin flat line. this morning you can see mostly in the red for european equities xetra dax below the flat line. the ftse mib has turned south. ftse 100 is down about 50 points or so, system of that is on the back of a bunch of stocks go x dividend, so taking off 35 points from the index. switching to foreign exchange and here actually things have been more volatile we have some movement in euro/dollar now. we had the ecb bulletin coming out stressing concerns about the tariff environment in the world, broadly more positive on the outlock fou outlook for eurozone cable isweaker today at a one-year low versus the u.s. dollar. 1.2850 as our previous guest was saying perhaps at this point in time somewhat accounting for the prospect of a no-deal brexit let's look at the u.s. futures today it looks as though the dow will open up about 20 points weaker nasdaq about 5 points weaker we're heading into the end of earnings season,

doesn't enter u.s. corporations and particular don't enter like africa and we're going to talk about african the second half so they're looking at places that the u.s. is not already powerful and like mexico like canada you can't really compete with those united states there. you know so they're they're they're building and they're executing their trade deals in places that like for a long africa these are not places that u.s. corporations are very active in but this is a way for them to continue to build their technology their innovation their you know first mover advantage of course the extractive industries like mining minerals energy or a what drove the debt and financial revolutions of the past few decades but we're entering now into a purely digital economy so these. areas that you mention there like sri lanka it is nothing to extract from the. core of the earth and run away with but they do have brains they have people and they are connected to a global network and they will be part of chinese in

and to my u.s. government colleagues here on the panel and also in the audience, want to thank you so much for all of your work on the conventional arms transfer policy. the association has been working on this particular item for a number of years now, and please understand that aia and its member companies as well as the 2.4 million aerospace workers across this country are appreciative of your efforts to date. i'd also like to call out ambassador kaidanow. she's been a stalwart for a number of years. her team has been absolutely outstanding, and so laura's presence here on the panel should not go unnosed. -- unnoticed. they have been at our call, very responsive to issues that we bring to them. want to really thank you for that opportunity. want to very quickly go through a couple of things. the first is the strategic linkages that andrew spoke about. the second i want to talk just a little bit about what the aia recommendations were for government action, talk a little bit about the country rela

partner or from the u.s. government and again i would emphasize that this has never been done before so it seems very unlikely and e.u. officials behind the scenes were telling us it would be very unlikely to actually see damages not to mention the expense of going after a u.s. company for this sort of thing so that's not providing much comfort to companies european companies in iran who are looking at possibly seeing a loss of business due to the sanctions but promise the money is there to show me the money i want to take a listen to what the israeli prime minister said today his call to europe to follow the u.s. lead on iran the goal of my call on european states to talk about halting iran to join this movable it's time to stop talking it's time for action this is exactly what the united states has done and this is what europe should do most hopeless cause or what europe should do that's big talk coming here from israel but other than israel in the u.s. there is no other big power supporting traunch plan th

andbly for the u.s. peculiar is what is canada is the number one paying out losing developed conin there world. germany is second. they are by far the worst situation so why they wouldn't out is highly mystifying there are a lot of other ways like if a company for instance wants to go to mexico and get in oil or gas, that is a risky business. it.ou think about mexico has a past of national a into the sector be progressive presence and you get scared and i get it from the business side so then you do investment contract with the the contractd in it says if we have dispute we agree in the police and put than you don't need open season on all laws to open ended shelf. the and that, that thinking is not isdsnada, but known to with so that is what it is. >> does it matter which one they do? it sounds like a point. >> i kneel is some certainty that one can say it is a practical matter out of nafta. the question then becomes you know, there is a difference. mean, you are from houston. i would able gn the oil in

the u.s. what we are talking about right now is really the logistics of who will talk to who? when will we talk? where will we meet to talk? who will talk to who? nothing has been decided. for example, will the president of the united states and the president of china get involved because we are at the point where it needs to go to the highest levels if talks are supposed to move forward and avert a full-blown trade war. these are the questions being discussed in the u.s. cabinet as we speak. >> the united states threatening to more than double planned tariffs on chinese imports. china warning the u.s. to stop blackmailing and pressuring it over trade. discussed in the u.s. cabinet as >> what a difference a day makes. president trump hitting back against china. china also hitting back this morning saying "if the u.s. takes measures to further escalates the situation, we will surely take countermeasures to uphold our legitimate rights and interests." that is from the ministry of foreign affairs

it is because of those geopolitical issues, u.s. china -- u.s.-china, u.s.-turkey. the euro down by .3%. kronethe krone of the -- that is leading. we have bond yields declining in these countries. that is gmm, our wonderful function. let us see if we can move on to our next front should -- function. it does not seem like we will be able to. we will go to you, and go back to me. it seems my clicker has stopped working. fingers crossed that things will be operating as they should be. we see movement on the trade front and as we get to the end of earnings season. earnings have shown that her growth and continuing strong growth. materials doing best, and that is after we have speculation on the part of traders that china will come in with some sort of economic stimulus. traders will be up for discussion and or -- or imposed. we've seen a lot of metals on the rise. we will get to that in a moment. gains, even 500's though it is a modest one, it is getting ever closer to re-attaining that record level that it last reached back in january. to nasdaq has gotten back record

u.s. has set up today -- today. vonnie: it does not have to be today. >> definitely didn't they have not -- definitely. they did not fill in the you guess of the mexican agreement. they have a 30 days after that to finalize negotiations before it goes to congress. vonnie: what about canada? the dairy portion, canada not happy with backing down on dairy if the u.s. backed down on panels. >> will either side compromise on the major things of importance. canada wants to keep the dispute panels for topping, chapter 19 in place, maybe change it a little bit because they feel it is a way to get a more fair resolution of disputes, rather than go to the u.s. courts or wait a long time for the wto to rule. u.s. would like to get rid of the canadian gary support system entirely. the canadians oppose that. it puts quotas on the amount of imported milk that can come in to keep prices stable. there are areas in which canada has compromised with the eu and countries in the tpp. there is somewhat of a ro

and the u.s. is issuing this fresh round of sanctions but we haven't seen any new information come to light here in the sanctions that thought's be imposed on or around august the twenty second in the meantime the u.k. prime minister's office has the new batch of u.s. sanctions on russia the russian embassy saying it only wants transparency it still asks can we please to be a part of this investigation by the russian embassy calling it these sanctions describing them as draconian measures. a saudi air strike has killed forty civilians in yemen most of them children according to local sources more than seventy others were reportedly wounded the strike hit a school bus and a marketplace now a bit of a warning you may find the following images upsetting according to the red cross twenty nine children were killed all under the age of fifteen forty eight other people were injured including thirty children the strike hit the north of the country which is under the control of the rebels saudi arabia laun

the u.s. president complains --t powell the fed chair president trump also accuses china and the eu of manipulating their currencies. little hope of progress with trade talk with beijing. the ceos a largest miner tells bloomberg america could lose out from the trade war. a lot of countries want to trade more with each other, and now it looks like the u.s. wants to trade less. anna: good morning. this is "bloomberg daybreak: europe." 6:00 here in london. the index is up in positive territory shy of 0.5%. we have comments from president trump around jay powell. the big picture, moving equities is all around trade talk, and jackson hole, looking forward to that at the end of this week. a lot of big picture stuff to talk about. the all-star market is down by under 1%. .hat has been weighed down critical bringing down its global growth estimates as a result. let's talk about what president trump had to say. this is the bloomberg dollar index down by 0.3%. reacting toollar what president trump had t

in the u.s. has suggested they may restart large scale military exercises with south korea what do you make about well it is about sign as as you suggested at the same time most of the quotes from president trump the suspension. one sided yet a rather surprising suspension that we had of this what would have been the some us exercises was always conditional only denuclearization process talks going well they're not going well korea hasn't really conceded anything at the moment. not really a surprise that said nothing is imminent or the next major exercises would be in march and april so there is plenty of time to put the train back on the track before that which i very much hope will happen so this is clearly a step back and diplomacy between the u.s. and north korea where does this leave relations between the u.s. and south korea. in a difficult place also because it's important to be aware that while the u.s. and north korea is obviously a very key new relationship good or bad of the nuclear is

u.s. is sanctioning russia. currencies are under pressure. the kiwi is declining. the outlook for growth is also weakening. >> i'm kathleen hays in new york where it is just past 7 p.m.. u.s. and japan tackle trade in new talks in washington. any deal could be threatened for support for the cpp. earnings topped estimates and the results validated disney's decision to buy the business. tit-for-tat and comes home to bite where it matters so much to investors in the markets. china was hit hard. its currency, stock market, and the u.s. by comparison has barely felt it. seemsin u.s. trading, it the uncertainty over what is next will get worse and worse. they kept stocks in a narrow range. haidi: what you do see with the volatility and selloff is oil down i almost 4% in the session. a little bit of a rebound. backing directly on the back of the details of the 25% on tariffs of $60 million worth of u.s. goods on the likes of petroleum and energy related products. kathleen: it's a little bit of a

u.s. relations with japan. yesterday they held their first bilateral trade talks and tokyo has not received preferential treatment since they were announced. >> for his academic work and the list goes on. dr. sheila smith is a senior fellow for japan studies. of books.author new politics.an asia is shaping japan's strategic choices. she serves to the u.s. japan's congress on educational exchange. japanspecial visitor from is a senior research fellow in independent policy research organization. and is also an adjunct fellow in washington and a senior research fellow at the japan and initiative foundation. he previously served as a director of foreign security and the global strategic studies institute in tokyo. weis a blue-ribbon panel have to discuss these issues. we are going to have -- go first because many folks in tokyo outside of the japan watchers' crowds may not have hurt him so he is going to give us a view of tokyo on many issues and then the others will not only be commentators b

the u.s. military drills look set to resume on the korean peninsula they've been suspended since that landmark summit between donald trump and north korean leader kim jong un in june korea committed to ending its nuclear weapons development program that the u.s. says there's been a lack of progress towards to nuclearization as senator veil that the number of puerto ricans killed by hurricane maria is almost fifty times higher than originally admitted working for their criticism of the u.s. government the most powerful storm to hit that u.s. territory in that ninety years was reported to have killed sixty four people in september the white house said the relatively low deaths was a good news story now the caribbean islands governor admits mistakes were made and the estimated number of dead is almost three thousand. so it is time to show. the family and friends it is also time to reflect on what you've done and what we did but we need to find it hard to correct what we did so that we can respond

so the contrast between u.s. high-yield or u.s. equities is relative to emerging-market equities or emerging-market fx or credit. it's extraordinary. and if you have any bit of faith that the trade issue will get resolved without too much trouble, the value of these assets is extraordinary. jonathan: mary, the way people are thinking about it the last few months, the u.s. was the best house on the street. the economy look strong and everything else looks weak. buy america. do you see as entering a bit of an inflation point where you can get a policy tailwind from everywhere except the united states? mary: exactly. when i came on the show, we saw a decent amount of spread widening in a june in emerging markets versus u.s. high-yield. we haven't been jumping up and down about valuations in u.s. high-yield. they have been in quite a tight range this year and we expect that to continue. when emerging-market high-yield bonds widened out close to 150 basis points versus u.s., we started to cover some of that underweight. now, we have not

because the u.s. should well know they should know that war with iran is the mother of all wars they must understand this that it jagoff. hopefully at peace with iran is the mother of all peace they have to get that. also coming up venezuela's president says a drone assassin tried to kill him last week you. know not a good bit of chemical nomi enough as. a weapon of terror flying in the sky i'll ask the man who's been called the world's number one wrong expert. we begin the day with the same sions that went away and trump is now bringing back the united states is said to reimpose saying sins against iran's government tonight of this unilateral move is a direct result of washington's withdrawal in may from the iran nuclear deal which was known as james c.p.o. way tonight it is unclear what the u.s. president hopes to achieve with these new sanctions on monday the white house said that the sanctions are meant to change the iranian regime's behavior not topple its leaders last week trump surprised his ow

once we, the u.s. began prosecuting colombian traffickers in the u.s., meaning we would ask columbia to extradite them and we entered into a really sophisticated partnership with the colombian government to bring down cartels. once the cartels understood the risk of being prosecuted in the .s., they shifted a lot of the transportation part of the drug trade to mexicans. they would produce the drug and select the mexicans and a lot of mexicans to say control of transporting drugs from south america to mexico into the u.s.. mexico became a leading player in the drug war. it's cartels began to control the trade in ways the colombians used to. that is one cartels -- when cartels began to play a more rominent role -- the prominent ole in the drug trade. it continues to be the case to this day, that the mexican cartels are still the larger players. they have taken several significant lows in recent years. many of the leaders of the cartels have been arrested. there is a lot of disarray in the cartels right n

u.s. has put new sanctions on two russian shipping companies. from long flowing island winds to an enchanting desert breeze. however we can expect to see some other wet weather continuing to southeastern parts of china over the next day or so hong kong never really too far away from that wet weather further north it looks largely dry up towards shanghai but even here we can't rule out the possibility of the odd shower or two as we go through the next couple of days shall as long as both of rain continue down towards the south and some of that wet weather also affecting the far north of the philippines luzon seeing some rather lively downpours from time to time a scattering of showers too across southeast asia and parts of borneo still seeing some rather wet weather for a drive for the asian games looking good in jakarta temperatures here getting up to around thirty three degrees over the next day or so no sign of any rain in our forecast further north you might to see wanted to live the sh

we heard him speak to the u.s. peace institute he made his remarks and essentially he called for more hostility to russia in aspen and it's interesting because his speech was actually leaked to the press ahead of time so people knew what he was going to say before he said it and he followed the draft of his speech that was leaked pretty pretty closely and now just two weeks ago we saw a new sanctions imposed on russia by the united states in response to the accusation about the involvement in the chemical weapons attacks now the latest measures will come into rounds those sanctions are they limit financing and exports they specifically ban the sale of national security goods that are sensitive like technology the the second round the tougher round that will come into force in november. could include the banking sector restrictions on imports and it would actually suspend diplomatic relation there and actually terminate flights between the two countries now moscow as said that this amounts to economic warfare agains

u.s. independent oil producers spend more and get less as the shale development hits some road bumps. make glencore great again. record profits at glencore not enough for investors as they clamor for buybacks in dividends. and big growth plans. lyondellbasell's ceo bob patel outlines expansion plans for one of the largest petro-chem giants in the world. alix: i'm alix steel, and welcome to "bloomberg commodities edge." it's 30 minutes focused on the companies, the physical assets, and the trading behind the hottest commodities with the smartest voices in the business. all right, let's kick it off with "spot on." it's our analyst's take on our big story. joining me now is tamar essner, nasdaq's lead energy analyst, in our spotlight on oil earnings. good to see you, tamar. thanks for being here. tamar: thanks for having me back. alix: the big theme with enp independence in the u.s., production guidance goes nowhere. capex goes much, much higher. what was your big takeaway so far? tamar: comp

new u.s. tariffs on sixteen billion dollars worth of chinese products they come into effect in beijing responds in kind is there a way out of the race also coming up. caution about one of the biggest company listings in history the saudis insist iran close i.p.o. will not speak. and how a dressmaker from broadway is helping to transform the lives of migrants in italy by turning them into. this is your business update i'm having a home for in berlin thanks for joining me the u.s. has slapped a twenty five percent tariff on sixteen billion dollars worth of imports from china this is a second round of tariffs in response to what the trumpet administration calls beijing's unfair trade practices well china reacted swiftly with its own high tariffs on over three hundred american products as the trade vicious circle continues its dangerous downward spiral. new negotiations couldn't prevent the latest turn of the screw so far the u.s. and china have each imposed import duties on goods worth around fif

>> they have to get out of this situation with the u.s. and the u.s. has made it clear top -- time has run out and there is only one way to get out of this and that is to release the u.s. pastor and four other people the u.s. is calling political hostages. the fact markets are responding so strongly to this shows how vulnerable the turkish economy really is. >> elon musk wrote "i am considering taking tesla private at $420, funding secured." is going private real possibility? >> going private wouldn't make sense for a number of reasons. the company needs funding to grow and to go private at $420 a share would probably be a total of $72 billion, about $14 billion that he has he would probably have to finance around $58 billion. million --raise $2 she needs to raise $2 billion for a china factory, money for the truck. >> shares of tesla, closing 11% higher, but hardly a straight line up. what you will see is a very unusual horizontal line. what happened during the time? the stock was halted from trading? >> it is crazy. elon musk tweeted, then they stopp