together, wed can't and wto did shut. seattle 20 years ago this week, tens of thousands of activists shut down the world trade organization. democracy now! was in the streets of seattle in 1999. with in are looking back at this historic protest against global capitalism. we will speak to two of the leading critics of the wto vandana shiva and lori wallach who appeared together on democracy now! 20 years ago in seattle. >> the wto constraints every country government about literally the level of food safety it can provide its public. >> the secrecy through which the wto was born and the fact that most parliaments had no idea what is the content of this treaty u until months after it d been ratified and signed. amy: plus, we look at the 20th anniversary of the birth of the indymedia move which grew out of the seattle wto protest. to find her own way to get our message out. we hope the information that has been presented you by the alalternative media is one that you will learn. amy: all that and more, coming up. welcome to

a wto decision now. the wto has approved sanctions from china on the u.s., this coming before the trade dispute. in chinese trade sanctions on the united states. it could add a layer of tension to the ongoing talks, but apparently, it does not at all affect anything in phase one of the china deal, so we shall see how that gets digested in washington. let's get back to the u.s. jobs report and economic data in general. hiring in october diddly resilient. carl riccadonna in october unexpectedly resilient. carl riccadonna is with us. anything in there that we may have missed, any weaknesses or strengths? carl: i think there's a very important point that was missed in the details of the report. this goes back to vice chair claire ida -- vice chair clarida's remarks. that is entirely sure the case because when we connect all the dots, but we've been seeing recently in the economic data yesterday, we saw very weak income growth in the september personal income data. spending numbers were not particularly robus

and this is notjust in the wto. the wto is perhaps the best example, where ultimately, these institutions didn't really have the power to compel china to make meaningful change at home. china never really intended to fulfil wto obligations. it's more the case that china intended to join multilateral fora and gain voice there. in order not to learn how it's done but in order to begin to shift how multi national fora regulate global trade. so theyjoined not to be changed but to change? yes. instead of the us transforming china, the change was the other way round. the result was what economists call the china shock. a huge wave of us jobs lost and us factories closed. it is devastating. not only did we lose 13 million jobs, not only did we lose all our manufacturing capacity to the point where, china's manufacturing circuit boards for the f—35, but also the people losing those, losing health benefits, losing retirement benefits. all of that was levied on the state, local and federal governments to take care of and th

this is not just in the wto. the wto is perhaps the best example where ultimately these institutions didn't really have the power to compel china to make meaningful change at home. china never really intended to fulfil wto obligations. it is more the case that china intended tojoin multilateral fora and gain voice there. in order not to learn how it is done but in order to begin to shift how multi national fora regulate global trade. shift how multi national fora regulate globaltrade. so shift how multi national fora regulate global trade. so they joined not to be changed but to chain? yes. . instead of the us transforming china, the change was the other way round. the result was what economists call the china shock. a huge wage —— wave of usjobs economists call the china shock. a huge wage —— wave of us jobs lost and us factories closed. it is devastating for top not only did we lose 13 millionjobs, not only devastating for top not only did we lose 13 million jobs, not only did we lose all our manufactur

leadership in my office and i complained about the dumping of rubber and they said, when we joined wto, they told us we did not have to obey those regulations. so if you do not have real enforcement and a commitment to honoring the agreement, we are just doing a bad deal for america's workers. and workers in mexico and

tried to choke the life out of the wto. with the wto still stand in another year? >> this is something we could have talked about before the trade war workout. there has not been a new doha round that covers everything from services to agriculture and global agreement on critical issues like ip for many years. we could be talking about these institutions that are -- i don't want to say no longer fit for purpose. any global multilateral institution is still vital, it is the wto. the only one that has that binding dispute recognition. look at how boeing and airbus are still going at it and china is involved in high-level wto disputes. there is still credibility. it is unfortunate the u.s. now is taking certain rules to undermine it, but that is an area where you see advisors have gotten him to back down a little bit. i think the wto is still important, but it's not central in the bilateral resolution of this trade war. you cannot turn back globalization, right? becomes self-destructive, as we are seeing pretty much locally, who benefits from that? -- as we are seeing

the wto previously ruled the u.s. must modify its anti-dumping regime in a setback for the way america restricts cheap chinese imports. the commerce department failed to do so before an august deadline. the damages awarded are the third largest in wto history. police in vietnam have arrested two people as part of an investigation into the depths of 39 people in the united kingdom. their bodies were found last week in a tractor-trailer in southeastern england. authorities originally said the victims were believed to be chinese, but the anomalies many were its own citizens. a northern irishman has been charged with multiple counts of manslaughter in that case. brothers from northern ireland are being urged to turn themselves in for questioning. global news 24 hours a day, on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. live from bloomberg world headquarters in new york, i'm vonnie quinn. .> i'm jon erlichman we are joined by

and clearly didn't give enough support for the wto for instance to move forward for the negotiations. and that the fact is if the international multilateral system falls apart, if you don't have this rule of law and we fall into something very similar to what we had where countries end up in spheres of influence where prevails the rule of power, not the rule of law, i think we're going to be in a very difficult situation, which is not in the interest of anybody. so i would put as the highest priority, the governments in the region should do all they can, light candles at the door of the wto to make sure this thing keeps going, you know, that trade remains something that is governed by rule of law. otherwise, you know, we're going to be in very deep trouble. >> what i hear is all of you believe that it would be in the interest of your respective countries and the region >> were we to move forward to liberalize trade throughout the western hemisphere. and all of you, your countries, are members of the pacific alliance alliance. how do you see those groups helping, or do you see those tw

and for european partners is wto reform, which we should all support. i'm encouraged that the united states, european union and japan are cooperating to fight policies that undermine free markets. i support the administration's focus on reforming developing country status within the wto. the wto remains crucial to a functioning international trading system, but to compete with china we cannot put all our eggs in that basket. we must consider other forms of economic hardening such as more cooperation on investment screening and better alignment on export controls to safeguard critical technologies. we should also work to secure and strengthen critical infrastructure, particularly ports. china's presence is growing from rodder dam to pirayus. the u.s. department of defense accesses that china's greater access to foreign ports allows chinese military to pre-position necessary logistics, support to regular rise and sustain deployments in the far seas according to the defense department. these ports are used heavily by the u.s. military to support our commit

we want to reform wto. ipcourse in terms of protection and subsidy for chinese state owned companies, i think we should remove any unreasonable subsidies and we conduct market reforms and promote market economies. tom: are we looking at below 6% growth in 2020 for china? i personally believe in dp will next year's g be better than this year. china's economy will be better than this year. china's gdp growth will be slow for the first half of the, but it will grow for the second half of the year. tom: a couple of key takeaways. one is he says state subsidies will be on the table if we get to face two part of this trade deal because there has been a lot of skepticism from china watchers as to whether or not that meat of these negotiations in terms of industrial subsidies will be something that china is ready to was lit -- wrestle with. in terms of the growth picture when i asked him about whether or not we are looking at sub 6%, the likes of ubs have cut their forecast to 5.8%. he says he thinks growth 20 is g

under the wto, china is called a developing nation. we wrote them a letter recently -- i'm not sure larry liked the idea but he went along with it. we wrote them a top letter and we said -- what? oh, larry wrote it. he said, you hopped on that bandwagon cleat, didn't you? [laughter] we wrote a letter and said strongly than the letter, not fair to have china as a developing nation. one of the reasons they are taking advantage of us is because of that. we are considered the big fat cow, and no longer. we have a lot of things to work out. because they know that i am very tentative on the wto, we are winning cases for the first time. we just won a $7.5 billion case. we never won cases. they would say, don't worry about the united states, they are the stupid people. we had case after case. now we are winning because they think that i will do something very powerful. and they are right to think that way. we are winning a lot of cases at the wto level that we never would have thought about winning before. america is now the number one produce

they expressed concerns about several of the wto's financial processes. numbers have until december 31 to adopt a budget fo2020 and 2021. global news 24 hours a day on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. am mark crumpton. this is bloomberg. caroline: thank you. of bonds tobillion help finance the acquisition of allergan. finance reporter molly smith. why is everyone trying to get in on this deal so much? they are not actually having to togh up much of a premium their existing debt. >> excellent performance today for abbvie, all things considered. the cheapest borrowing cost of the year, so why not get in on this? we have kind of had an idea that this deal has been coming since june. just a matter of time really when they would come forward to the debt markets. it looked like it was timed pretty well. joe: ultimately, stocks at record highs, rates are pretty low. in this environment, there is a lot of appetite for credit, especially decent quality. >> the higher quality is doing well. toda

contributes more money to the wto's annual budget. global news 24 hours a day on air and on @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am su keenan. this is bloomberg. ♪ commuterhong kong's rails are facing more delays as protesters continue their campaign. these are the latest data is coming through from the chinese university of hong kong. we have had a night of battles between protesters and police. communities that were patched -- commuters packed onto trades. -- trains. this is the scene at the moment. the city university, just there in kowloon. over to david engel. he joins us in the studio. this latest flareup does not look like there is any letter get -- let up. -- it'st is now just not on days of weekends or days of called strike's. it during the daytime. we have disruptions of commutes. we have another barricade being put up at the entrance of the chinese university of hong kong. it has spread down here to central, where teargas was fired for a second consecutive da

and for european partners is wto reform which we should all support. i'm encouraged the trend, european union and japan are cooperating to fight policies that undermine free markets. i support the administration focus on reforming developing country status within wto. the wto remains crucial to a functioning international trading system but to compete with china we can put all our eggs in that basket. we must consider other forms of economic harding such as more cooperation on investment screening and better alignment on export controls to safeguard critical technologies. we should also work to secure and strengthen critical infrastructure, particularly ports. china's present is growing from rotterdam. the u.s. department of defense assesses china's greater access to foreign ports that allows china's military to pre-position necessary logistics, support to regularize existing deployments in the far seas, according to the defense department. these ports are used heavily by the u.s. military to support our commitment to european security. we must also fo

currently wto"n moving to "the relationship. that will be negative to for the and week economy, which is looking week. the data is not improving and the u.k. it does matter. in the short-term you get a working majority, the market ra, you get a decent pop in sterling, and then the realities of the situation will start to sink in again as we go through the first part of next year. guy: in terms of what the bank is going to do, the bank of england, u.k. breakevens have been coming down sharply. inflation expectations are low. even if we get a brexit deal, even if there is some degree of movement associated with the exit regardless of where we go, do you think there is still looking at the global economy and thinking we do not have any inflict -- inflation expectations are coming by -- coming down. we have a tight labor market but that is starting to soften. you think a cut is more likely than a hike? a cut is more likely than a hike but i would not be placing a bet on that. i do not have a high conviction on that. irrespective of

we will be watching to see what happens next at the wto. thank you, marika oi. two of southeast asia's leading business families arejoining southeast asia's leading business families are joining forces, one of the philippines biggest conglomerates is investing more than 200 million us dollars in two companies controlled by myanmar born tycoon sergei poon. the ceo of one of those companies told me about his plans in myanmar. myanmar is a fast—growing economy. even in the last few years, it has grown at more than 6% per year. the future is very bright. we are selling from a very low base. when we look around it is interesting that the philippines has a similargdp per interesting that the philippines has a similar gdp per capita ten or 15 yea rs a similar gdp per capita ten or 15 years ago, and if you look in the country, there is no better country, and a better company than ayala. ayala's experience over the last 10-15 ayala's experience over the last 10—15 years has allowed us a playbook on how yoma can play a role in capturing that group. yoma's strategic mo

arrangement, article 24, of the wto rules, then you can agree terms and a sign that. i have been over, met very senior people at the wto and they have said to me at the beginning of this year that you could turn the political declaration into an article 24 agreement really quite simply. that is what the prime minister should do, we believe that it isa minister should do, we believe that it is a very sensible, reasonable compromise and the prime minister has got a couple of weeks to look at it and think about it and come back to us. the truth is that you know it is highly unlikely borisjohnson will accept that because he has firmly said this is his brexit deal and is likely to be central to the conservative party manifesto. if you put up candidates against boris johnson, you actually risk letting labour, through the middle and you could risk brexit, is it not true? absolute nonsense. if the conservative party are not prepared to negotiate, they will lose the pa rt of to negotiate, they will lose the part of their donors, the support of many other mp5 part of their dono

he also mentioned the wto reform. china will be having a mini ministerial on wto reform with some of the countries present. china wants to form a community where it's views can be thought fieldon an equal playing or with more ways than the u.s. he didhat vein as well, tout the benefits of this agreement. what he did not mention was india's lack of participation in india's pullback. does this lend more to the torative that he is trying create his own economic ecosystem, which is perhaps free of u.s. influence? >> certainly in asia. been, asia for asians. the u.s. should not have a role in south china sea's. the u.s. should not have a role in setting the internet rules in asia. is a loss not to have india. in some ways, perhaps a sigh of relief. given how much countries were having to accommodate india's interest. china will paint this as a win. ean and the rest of asia that china is there. be seen as something of a win even with indian out there because china did, ahead of the u.s. in these regional forums this week. >

. >>> now, china has won a wto case that allows it to impose tariffs worth $3.6 billion on american goods and marks the end of a six-year dispute over anti-dumping duties and the u.s. said it was disappointed with the decision, criticizing the wto 's approach as having, quote, no foundation in economic analysis >>> meanwhile, u.s. commerce secretary wilbur ross struck an optimistic note on trade talks with china in an interview with bloomberg, there's no natural reason why a deal could not be signed this month. ross added that special licenses to sale american-made parts to huawei will be issued, quote, very shortly and revealed the government has received 206 requests from u.s. companies, more than originally expected. >>> well, speaking of europe and china inking deals, i want to bring your attention to a deal that's just been signed between china and a german hospitality group. the huazhu group from china announced their acquisition of deutsche hospitality this is a group in german the deutsche hospitality group that own a brand which is one of the luxury hotel brands within germany. a

we are trying to be a good citizen in the wto. some are saying we are treating trade differently with northern ireland in different countries. that is illegal under wto rules. it depends which agreement. so it's not just rules. it depends which agreement. so it's notjust disagreement we need to look at, it's the other grievance we are a party to. how much damage is this doing, do you think? how significant is this to the election campaign? this coming to many people, seems very far away? yes, andi to many people, seems very far away? yes, and i think the issue with the election campaign is less on northern ireland. i think it is quite clear there will be extra checks. what the prime ministers think is not quite accurate. but there might be more concerned about whether what he says about future agreements, about completing a macklin free triggermen by 2020 or about whether we will except food for the united states —— completing aeu for the united states —— completing a eu free—trade agreement. we need to make sure that i

andsituation in hong kong reform at the wto. rishaad: next, the decision for the bank of korea among key economic events. we will ask, what to expect? this is bloomberg. ♪ rishaad: let's have a look at some of these key economic data releases. tuesday, we have the latest trade numbers. industrial profits on wednesday ana string coming out of japan, including retail sales. , gdp data over in india. the head -- ofiette: i want to get some your thoughts on this data. what we are seeing in terms of china. >> i totally agree. chinese economy is under significant pressure and is reflected in profits. there is pressure in the industry. factor.other what can authorities do? but dore targeted moves, you expect a bigger fiscal support? >> i think we will see a bunch of different measures coming up. but itiscal stimulus, would be on the fiscal side and experts related industries. on the monetary side, we see cut, gradual. the mixture -- i once asked a question. terms ofwe seeing in it working so far? difficult to say how the stimulus has

declaration where they set out big issues like their commitment to the paris climate agreement and the wto. >> some of the main points we have seen have been a reinforcement of existing policies within these five countries, the five bricks countries, a strengthening of partnerships when it comes to international security, questions of climate change, a few of the main points that came out of the plenary session, the signing of a wide-ranging diplomaticne being a a diplomatic for solution to the crisis to the ongoing conflict between israel and palestine, another reaffirming the five countries' commitment to the paris climate change accord. this one is especially important given the president of brazil's previous stance saying he would back out of supporting the united states in that regard, backing out of the paris climate change. that.s a reversal on pledging a commitment to the paris climate change. lastly, a desire to have a more prominent role within the united nations. document, thee last nonbinding but sort of a guiding star for the summit. protesters arey occupying central hong kong

, the wto. for years, bought and paid for politicians took money from special interests to ship your jobs to other countries. their campaign coffers got full. the lives of hard-working americans were destroyed. all these companies left you with the jobs, they left you with nothing. you are having the greatest year in florida. [cheers and applause] pres. trump: a doctor, please. doctor in the house, please. thank you. thank you very much. are you ok? you look like a tough guy to me, i'll tell you. thank you. get a little water or something. in the old days, we used to share water. today, that doesn't happen so much. our administration has some things that people haven't seen for a long time. maybe ever. no more putting our country second, third, 20th, 30th. we put america first now. we put it first. thanks to our steel tariffs, steel mills are now firing back up across the nation. they are doing fantastically well, including a brand-new $240 million investment in polk county. good place. we are r

you have to trade with 70 or 80 percent of the world we are standing shoulder to shoulder with the wto now go by the rules of the road we are stronger we are with our allies together. >> on all of the issues going back to the presidency and the president your view of donald trump is what? >> mister trump has forgotten what a leader is supposed to be whether captain of the ship the military forces of the greatest in the world that leaders bring together people. they are the ones who unite a crew because it's also a leader who does not believe he is above accountability because if the ship is harmed or goes aground the captain of the ship if it's not in the crew thinks the captain is above accountability then they lose trust and the ship disintegrates into chaos that is happening to the united states ship of faith he believes he is above accountability for the language that divides and does not unite this is a simple leadership issue you must respect the other side by republican and democrat is a republican district i will not put down the republican party but i will disagree on policy.

vehicle final full council based on south korea's notice to hold the wto process. the south korean side is showing its willingness to make progress on the current issue of export controls then you look at the you of course restated. and finally victoria's secret is putting into its iconic annual fashion show. the laundry giant's parent company l. brands announced it was canceling the show this year. saying the marketing needs to involve. brands b. cues objectifying women and analysts say it's struggling to appeal to younger shoppers were looking for less sexualized designs. numbers also appear to back it up to on a- television audiences for the fashion show fell from twelve million back in two thousand one. just over three million last year's clearly an end of an era they're cool thank you very much for that cool staying with a with a look at the day's business news. time next for media watch with kathleen not not shown.. a a video good eveng you're starting out in the united states president donald trump- you know toured an apple manufacturing facility in texas. a

people want to speculate about things e that's wand people seem in the wto lttingy. numbers next to people's names, but i don't think that reay reflects anything about who you are and how you live your life, and what you do. antacertainly lead a comfe life, but i a father w an equity manager in the 1970s. my mother is a real new englander who likes to live frugally, and she doesn't like a lot of excess. let's talk about your role as ceo. 45,000 employees. do you have to travel the world to see them? i spend a lot of time traveling because we major campuses all around the country. we ave our international company with different locations all around the world. so, i try to make sure that i get a balance between being in front of employees, being in front of customers. almost every time i visit a major location around the u.s., i do a town hall meeting. i hit as many of our client events as i can use that's a great opportunity to go and see a group of clients in a very efficient way. and you have a preference for flying commercial, you have told me. i'm traipsing throug

renounce the deal, and they themselves to stand on a ticket of a genuine free trade agreement or leave on wto terms. and, of course, in those cases where employees say this, —— in those cases where mps say this, we will view them as our friends and not as our enemies. and more interestingly, already we're being approached to put together informal arrangements on the ground — constituencies in which they may have a better chance of winning and we won't bother to campaign, but equally, constituencies in which we have got a better chance of winning and they won't campaign. that is already beginning to come together. nigel to come together. farage speaking a little earlier. police investigating the death of harry dunn say they have completed their investigation and handed over evidence to the crown prosecution service. officers from northampton police pursuing the case had travelled to the us to interview ms sacoolas. 19—year—old harry dunn was allegedly killed by anne sacoolas who is believed to have been driving on the wrong side of the road when she hit his motorbike outside a us mil

together, wed can't and wto did shut. seattle 20 years ago this week, tens of thousands of activists shut down the world trade organization. democracy now! was in the streets of seattle in 1999. with in are look

purposes of this that we end up with no deal, the country would then in those circumstances revert to wto rules as they have described. there are tariffs that would come in and that is where the biggest impact would be on manufacturing and agriculture. tariffs both ways. for goods from the uk going to the eu, and some of those are very substantial, so in agriculture generally, there would be an 8% tariff, but on some agricultural goods, particularly dairy products, the tariffs are well over a0%. in animal product, it is about 18%. forfarmers there is real concern that if we didn't up with no deal, there would need to be a lot of political activity to avoid those tariffs on goods going that way. manufacturing, cars, tariffs of 10% and indeed beverages and tobacco, things like whiskey, 20%. that would be very significant. there are tariffs the other way, that is where the british government would have some control as t it will try to protect manufacturing in this country. and we'll have much more from bishop auckland with christian fraser from 2 o'clock. the headlines on bbc news: jeremy co

is increasing pressure on the wto by threatening to block its budget. heart of thisthe argument for the u.s. right now is the wto appellate body, which is a panel of jurists that have the final say. the chinese want a recent wonute to authorized debt -- says it is exceeding its mandates, and it wants to tighten the budget strings. francine: when do we have an update on whether we get something by december? if we don't get anything by december, does it mean that we will not get a phase one deal in the next three months? soon to say.s too there was a call last night between the top trade negotiators from china and the united states. they agreed to continue talking. i think there is obviously an incentive to get something done, or at least to delay the december 15 tariffs. if not, this kicks into an election season where things get crazy. francine: thank you so much. bryce baschuk there in geneva. thank you both for coming on. -- the market is moving on every single phone call. when does the market say i am going to wait for something to happen? continue t

they say wto will make our rules. we have a developing ask country. >> china never honors its obligations. >> i think what we should be doing is increasing the tariffs until they stop stealing our stuff. if they don't stop stealing our stuff, you just raise the tariffs again. they will not honor their obligations. this attack on the national association of manufacturers is a direct violation of the prej president xi jinping gave to president obama in the rose garden in 2015. it's also a violation of federal law. lou: maybe it's a reminder of what the national association of manufacturers has been about. most of its term is shipping jobs out of the united states and calling it clever business on the part of corporate america. the idea that the chinese are hacking them is sweet irony. i'm nonetheless annoyed as an american. i think we should respond powerfully against the chinese. we haven't, we won't it's a shame. what happens now? >> there will be more are negotiations and we won't have a phase one trade deal. phase t

this is part of the hope including them in the wto. and meshing them in the international system will lead it to to the liberalization of china. if anything we are importing. this is why i say we have to gird ourselves to a new era of competition. and we have to be ready to resist their attempts. that does not mean we need to shut them off from the world but it does mean that we cannot allow them to dominate the world or their region. thank you very much. i am a policy person. there has been a lot of talk about delinking our economy from that. there is a continuum between present configuration. mitigating some of the security dangers. maybe it intermediate form of interdependence. what might it look like. it's very much of the question of the day. i was hoping you were gonna tell me. >> i think that as the outcome that we should be pursuing. for those who say with to end our current trade conflicts with china. we have to go back to full and total integration. beijing won't let it happen. it is for regional dominance. we will have to pu

under the wto china is called a developing nation. so wrote them a letter recently, larry knows it, i'm not sure larry liked the idea too much but he went along with it, we wrote them a very tough letter, larry, what? >> i wrote it. >> larry wrote it. you hopped on that bandwagon quickly, didn't you? that's okay. we wrote them a letter, said much more strongly than the letter, that not fair to have china as a developing nation. one of the reasons they have taken advantage of us is because of that. and we're considered the big fat cow and no longer. no longer. we have a lot of things to work out. i will say this, because they know that i'm very tentative on the wto, we're winning cases for the first time. we just won a 7 1/2 billion dollar case. we never won cases. they would rule against us because they said, hey, don't worry about the united states. they're the stupid people. don't worry, rule against them. we had case after case. now we're winning cases because they really think that i will do something very powerful, which we have

example, their businesses stop exporting beef and bmb businesses stop exporting beef and lamb due to wto rules that allow the european economic bloc a limited amount of foreign agricultural goods to come into the european union at a reduced or zero tariffs. under the current system, its more profitable for australian farmers to sell beef to europe but brexit is upsetting the apple cart as current quotas are for the entire eu with the uk as pa rt for the entire eu with the uk as part of that. every time there is a brexit deadline, australian exporters cannot be sure just how much of the product they can sell because it's an export. that beef with beef! thank you. protests are under way in hong kong again, european stocks are stuck in neutral and the us and china look to be close to a trade deal. here's what's moving markets. european stocks are finishing the week about where they started, and it's hard to see at this point where the fuel will come from for the next big leg up or down. the europe 600 index is up 20% but investors have been fixated on some big risks with things like brexit,

with respect to wto's and proceedings and regional trade integration. earlier this month on the 13th of november, he served as a witness at the u.s. house committee on the financial hearing on multilateral institutions. misztal. have blaise a fellow here at hudson. most recently, he served as the executive director of a transcript -- of a task force on fragile states which is a congressionally mandated project . prior to that come he was bipartisan the policy center's security program where he managed a team responsible for researching and developing policy recommendations concerning a variety of national security issues including a ron and it -- iran and its nuclear program, countering extremism and state fragility. , we havebut not least a speaker who took up his position as ambassador from denmark to the united nations. position,ing up that the abbasid are served as state secretary for development in the ministry of foreign affairs. appointment, he served as ambassador to indonesia and was also accredited to ease to more -- or and papa new guinea. an

guest: the important one is the wto holdings, the eu versus the u.s. next year. that is the next big milestone. reporter: are you covering the cost of the tariffs with your customers at this point? you don't see much affect yet. is that because you are covering the cost? guest: the airlines have to pay the duties. that is the situation. managing the situation with our customers. reporter: does that mean you are compensating? guest: basically on the long-term, this is not sustainable. that is the point. we have to find a resolution, we have to find a way forward. it is not sustainable for both sides of the atlantic. it is an ecosystem. we deliver planes to the u.s.. orneed to find a resolution it is a lose-lose. reporter: do both sides want the resolution? guest: probably not at that stage, but i think it will be the case moving forward. the rebalancing will take place. reporter: let's talk about brexit. do you see airbus moving production out of the u.k. regardless of the political trade deal that ends up getting done? guest: we have a very strong base in the u.k

we saw that wto case go forward, the u.s. hit tariffs in some of the european goods. really, that is sort of the one weak spot right now, there seems to be a lot of scope for the tensions to escalate. china, right now, the markets definitely and some of the expectations are perhaps that these are really the times that they can get a deal forward. caroline: what is the next meeting we should look out for? the next statement we should look out for? this event between the chinese premier meeting the u.s. delegation in asia, what is the next shoe to drop? sarah: even as all of this happens, we have the december 15 tariffs coming up. those with that goods, apple goods like the iphone. a lot of people seem to think a deal as possible, not guaranteed but possible. will trump drop those tariffs in exchange for the deal? i think this is why the location is interesting, because, will the trumpet ministration -- trump administration exchange for having china signed this in the u.s., will that be a bargaining chip for dropping those tariffs? doesne: if xi jinping, travel to the u

how do we move towards some common set of rules, whether they are in the wto or not? the transpacific partnership continues to exist among the other 11 countries. it is a question whether we get that kind of dialogue with china about what the new rules of the road for trade are going forward. shery: microsoft has been given the license to export from huawei. will washington be ok with that? amean, there seems to be broad consensus in d.c. at the moment that this is really hard line against beijing. michael: on huawei in particular, i do not have any great knowledge to understand what the particular security threat is or is not. i think the key thing is that people are looking to washington for consistency in approach. they want a clear sense of what they can and cannot do and then they will adjust to that. length whenoke at we attended the many rounds of tpp negotiations. the united states is no longer part of that. moreiations were a bit dynamic. if you can call seven years faster. relatively fast. [laughter] are we moving back towards multilateral agreements being k

contributes more money than any other country to the wto's annual budget. citykong police warned the is on the verge of what they call total breakdown as protests rage on with further disruptions to the transport network expected on wednesday. demonstrators that fire to several locations tuesday and clashes with police at the university campus continued into the night. the unrest is increasingly harming the economy, but that he saying -- falling below that 27,000 level this week. global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am jessica summers. this is bloomberg. haidi: thank you. coming up next, disney's big streaming service debut is not quite so magical. the launch is marred by technical glitches with overwhelming demand. this is bloomberg. ♪ ♪ ."idi: this is "daybreak asia i am haidi stroud-watts in sydney. shery: i am shery ahn in new york. technical glitches marred disney's video service and disney is blaming it all on strong demand. disney plus arrives

leadership in my office and i complained about the dumping of rubber and they said, when we joined wto, they told us we did not have to obey those regulations. so if you do not have real enforcement and a commitment to honoring the agreement, we are just doing a bad deal for america's workers. and workers in mexico and canada. david: that was part of my interview with house speaker nancy pelosi. we will have much more coming up throughout the day on bloomberg television and radio, but in the meantime, we check in on the markets. past, it has not happened yet, but the day is all about jobs. kailey: anything on trade can change on a dime or a tweet, but all of today was the jobs report which was significantly stronger. payroll that consumers feel stronger, which is key because they are the pillar of the economy. that is really adding to our sentiment. we up on the highs of the session with the s&p 500 at a record. there is a rally between seven /10ts and 9/10 -- 7/10 and 9 of a percent. i am looking at the imap function on the bloomberg. most sectors are higher today. the ones that are u

they pointed to the wto ascension or adding china to the wto. chinese officials in the roundtable, saying adding china to the wto helped the entire world. the roundtable also saying they're encouraged, this is according to the global times, encouraged by the talks that are happening now but chinese officials out of that roundtable say, that any trade agreement must have tariffs rolled back on both sides at the same time as these deals are being made. those chinese officials according to the global times, saying that the u.s. has not given a positive response to the chinese wanting that to happen. this is all predicated on the global times but a roundtable that apparently happened in china ending not too long ago. back to you, stu. stuart: that pushed the market down a little. not that much. we're down 50 points on the dow. edward, thank you very much indeed. >>> let's change subjects. long time game show host chuck woolery says supporting the president has hurt his career. this is the tweet. this is from chuck. to answer your question, yes, i pr

and world benefited from china being in the wto. chinese made the case that china entering it benefited everybody. roundtable officials according to the global times there may be big differences coming up with a trade deal in terms of tariffs you talked about. global times says china's precondition to the trade deal would like the trade tariffs rolled back simultaneously. but the negotiators from the u.s. have not given a positive sons to that our chinese trade sources said china wants tariffs rolled back as phases are completed. those sources are telling us u.s. offered to roll back some tariffs but keep majority in place until china meets milestones in the agreement. in addition to china, the white house focused on trade. there are a number about phone conversations going on today. the president, treasury secretary. seg tear of agriculture of white house economic advisors making a blitz of phone calls into local districts as well as local districts and interviews in local markets related to usmca. 70 interviews in all have been do