money argentina's less. just president elect alberto fernandez said he would remain ounce of remaining 11000000000 traunch of the country's international monetary fund loan as he takes office next month which just this month he said quote i have an enormous problem and i'm going to ask for $11000000000.00 more incoming president said in an interview on argentina's radio convos fernando said he will try to revive the economy in order to pay and solve the debt problem sensibly we want them not to lend us more money but to let us develop let's discuss the time i need to develop but don't give me more money right fernandes is on the right track it's not about don't lend me more money we need to develop about don't let me more money we're going to start buying more gold and we're going to start encourage individual economic sovereignty through bitcoin and we're going to have a really strong currency much stronger than the u.s. dollar or the i.m.f. special drawing right which is the new feed money from the i.m.f.

in this case versus bitcoin the venue argentina that's why we're here we're here now we're witnessing historic epic proportion of it yes of course when we booked to come here the currency crisis was not in such a full swing now it is we have a new president elect here and he has turned down the last $11000000000.00 payment from the i.m.f. but i just want to say on our observations i'm here with the national color here i look i feel like i look like lionel messi gomez 6 gold balls. i have been a little bit surprised about how. how would you say posh. hours and hours of walking across the city and all sort of directions that it feels probably even more prosperous and living in paris being in paris it is kind of odd to see this situation and i think part of it is that they're so used to currency crises here that it's almost like they're so prepared for it that when it comes it's like oh great everything's discounted for us all the argentinians are resourceful people you can't take away their dignity and that's what they have and it's based on a fantastic culture fantastic people the here

yes i know he has a place in argentina as well so how do you position argentina in the international man view of things you've spent some time here but you're very i guess agile and moving around the world except or out of how does argentina fit into the global picture yes sure so this picture i just described in currency crises and financial collapses are obviously scary but if there's one place that is is not not not necessarily accustomed to it but resilient to it to a degree it's argentina they've been through it they know this is not their 1st rodeo so to say they know how to deal with it they know how to cope with it so if the currency goes to 0 there is already this infrastructure in place in this country to kind of deal with the situation it's happened before it will happen again soon they're more resilient than other south american countries i believe they are. because their whole economy is geared towards kind of the underground not their whole economy but a large part of their economy is used to dealing with the underground market for example the currency nobody nobody use

yes the population of oneness are of argentina has soared since. prior to that there were about 2000000 people here and now there's 40 something 1000000 but i just want to go over the date on the economy and just see you understand according to the i guess it's the world bank data $518000000000.00 is their g.d.p. in 2018 and that's down from about $637000000000.00 in 2017 you know this guy makary he was hailed kind of in the western press anyway as a great meal liberal reformer and he's going to bring deregulation and all sorts of boom times for the economy but he did end up taking a $57000000000.00 i.m.f. loan in 2018. 44000000000 of that has been dispensed and since august they've spent 22000000000 just defending their currency well look the military junta of what 976 this is a u.s. sponsored coup aided by henry kissinger to talk about that in the next episode indeed yeah and you know basically that this is the root of the problem is the destruction brought on by external forces the foreigners meddling in the argentinean politics then you had of

strugar this is the kaiser reported hour of what is or is argentina so many head of . this country for can rock stars yes we're going to talk about some of the opportunities that have been taken over the last few months or years and you know it fits into this theme that we've covered over the past few years which is that as soon as the u.s. used the u.s. dollar and in particular swift as a financial weapon alternatives emerged and thus said in the end of the power of empire this is happened throughout history hubris often sinks an empire when they become a bully and so we're going to look at what a story about china china working with a dutch company by the way here this is when the u.s. slapped all those tariffs on agricultural goods and all sorts of goods that china retaliated by stopping all imports of story being products and of course argentina is a big producer of that so they're china's pivoting and having to re develop and build infrastructure in countries that they want to do business with so here's a headline china wants to build a greens super highway arjen

go there look provolone in argentina most. probably look. you know 62 percent of the population of argentina is descended in some way from italians tasted. so marvelous just to point out again how it will give it an advantage over the us in brazil the other 2 big agricultural producers in this hemisphere dredging parno will give argentina a significant advantage over its competitors this means farmers in argentina's farm belt can directly load their products on to ball carriers this is much different from brazil and the u.s. you have to transport products by a truck or rail over an extended distance to the nearest port and then of course the cheap peso is great for exports and they receive a lot of hard currency us dollars from china or un who knows but. another opportunity here and this is an interesting one that we've been covering in the u.s. and that's fracking and there's this huge reserves found in patagonia and toto which is the french company is the 2nd largest producer here but this is an interesting data they have here total shale

main problem for argentina right now is also political argentina is going through an enormous economic crisis with over around a 50 inflate 1st sentence rate with capital controls in the country exchange controls in the country with people turning to the u.s. dollar in order to protect their savings because they do not trust in the past so when they don't trump says talks about argentina evaluating well the government is actually trying to prevent a bigger devaluation they're spending billions of dollars of its foreign reserves in order to prevent the pisot from losing more value and what adds up more tension to what's happening here is that there's going to be a change in government in about 8 days before the man this was elected president in october selections is expected to apparent as president who will likely implement protectionist policies well that is what's going to change that he had a very close relationship with donald trump is was donald trump that helped argentina get a loan from being turned national monetary fund there's going to be a new president in place have probabl

debt i mean it's about argentina we have sing on their debt or whether they should with argentina should recall that america defaulted on its sovereign debt in 1971 by disconnecting the association with gold so i mean if america the united states can do it why can't argentina default on their i.m.f. loan so there's nothing sacrosanct about those types of. paper that's on back to begin with absolutely yes that is and it's very important point people don't realize that that was a default if you promise somebody to pay them in gold and the like sorry just kidding i'm going to give you these pieces of paper i just create a out of thin air that's that's a default you know right no matter what you call it they say own fault argentina can't afford the i.m.f. loan the united states default it a hugely bigly yes 971 people do it all the time it doesn't destroy your credit rating as a matter of fact argentina went right back into the credit market and did under your bond because there's always going to be insatiable thirst but anyway so the $71.00 is when central bank started to be net sellers a g

argentina also. gave them a big break on tariffs, but now i'm taking it off. it is very unfair to our farmers. correspondent: in brazil, recovering from a recession, the news came as a shock. the steel industry, which accounts for more than 2 billion in exports to the u.s., talked about retaliation. trump's main ally in south america, believes the situation can be worked out. >> if necessary, i will talk to trump about that. meanwhile in: argentina, with its struggling economy, the announcement did not go unnoticed. new tariffs on steel and aluminum only adds to the uncertainty that already exists in this country. in one week, argentina will have a new president, and he will have to deal with a double-digit inflation rate. currency controls, and the possibility of a default on foreign debt. argentina's government has been battling devaluation for months as people are turning to the u.s. dollar to protect their savings. hasntina's central bank spent more than $5 billion to since primaryso elections in august, which triggered a collapse in the value of the curre

argentina's government has been battling devaluation for months as people are turning to the u.s. dollar to protect their savings. argentina's central bank has spent more than $5000000000.00 to bolster the pestle says the primary elections in august which triggered a call. lapse in the value of the currency now says the devaluations where intentional for many the latest u.s. measures is also a consequence of the increasing commercial activities between china brazil and argentina in the middle of a trade war these are some of the unforeseen consequences of u.s. policy investors have been moving from emerging markets to the united states and to developed economies and that you know in argentina one of the reasons behind the country's currency crisis in 28 major devaluation which of course has made its its primary exports more competitive so in some ways you know over the trumpet ministration is now reacting to something that helped create competitive exports which in part are heading to china argentina's precedent. and. have experienced a warm relation with donald trump since taking

are being hitocks by the tariffs on brazil and argentina. abigial: the steel companies are getting a lift because of tariffs going back on to brazil and argentina because of president's tweet. is another tweet that came out from president trump this morning and that seems like a risky gamble in terms of his saying if there is no deal, the u.s. will increase tariffs on china. right now we are getting close to that december 15 deadline. if those tariffs going to place, i'm not sure that is priced in. you are seeing wobbly action for the u.s. stocks today. as we know, day by day, anything can come out. david: as it comes to phase one, date i day is the right expression. many thanks abigail doolittle. now we turn to mark crumpton for bloomberg first word news. we are having a little bit of technical difficulties with mark crumpton's mike. we will get that fixed. protesters took the streets again in hong kong after the victory in the election. what does it mean for the u.s. china trade association. we will talk with matthew bey about that, next.

so much that he left argentina on the verge of default and he said that the priority right now is for argentina's to start growing once again in order to be able to pay its debts earlier today he also sworn in his ministers that i moan that is a man known as mata fingal's man he said the follower and works alongside the noble prize winners joseph stiglitz has been very critical of the international monetary fund so there's lots of talk about the possibility of argentina restructuring its affording debt the other thing that we saw today is. that the fed members coming to office shows that argentina is going tollways and shifting towards the center left once again present during the maggie ration here was cuban president. and the one that was after was jackie towards her not only in the past she has called i but at the fairmont this i read banned it but in spite of the i. logical differences between also not all and for members we know that for a man this earlier today spoke about the importance that the medical sort of trade bloc and the relationship of brazil and argentina has in spit

there were warm relations between the united states argentina brazil especially with precedents. but also. apparently him and trump. other for a very very long period of time because modi so mikey used to be a businessman suit this is certainly happened because back last year argentina and brazil were even shielded when the united states implemented. the euro and union canada and mexico among others even lifted 25 percent tariff from 10 percent. minium last year so this is certainly coming as a surprise donald trump both always accusing this countries of evaluating the currency in argentina and brazil saying that this is something that hurts farmers in the united states because brazil argentina exports mostly commodities like so you have been wheat. other things so reaction there let's go live to the white house to speak to our correspondent kimberly halkett really he announced that by a tweet it obviously took the leaders of brazil and argentina by surprise do we know why the president did this. yeah there seems to be a little bit of an indication the exact timing today a little

the lead out meanwhile in argentina with its struggling economy the announcement did not go unnoticed you would carry it on feet and i will not only add up to the end certainty that already exists in this country in one week argentina will have a new president i'll bet a fair amount of it and he will have to deal with a double digit inflation rate currency unfold and the possibility of by default on the following debt argentina's government has been battling devaluation for months as people are turning to the u.s. dollar to protect their savings. argentina's central bank has spent more than $5000000000.00 to bolster the basal says the primary elections in august which triggered a collapse in the value of the currency trump now says that the. valuations were intentional for many the latest u.s. measures is also a consequence of the increase in commercial activities between china brazil and argentina in the middle of a trade war these are some of the unforeseen consequences of u.s. policy investors have been moving from emerging markets to the united states and to developed economies an

the warm relations between the united states argentina brazil especially with precedents. but also modi apparently him and trump knew each other for very very of a long period of time because modi so marcie used to be a businessman salute this is certainly happened because back last year argentina and brazil were even shielded when the united states implemented on the euro and union canada mexico among others it even lifted a 25 percent tariff on 10 percent tariff on aluminum last year so this is totally coming as a surprise donald trump also is accusing this country's of devaluating the currency in argentina and brazil saying that this is something that hurts farmers in the united states because brazil and argentina exports mostly commodities like so you have been wheat among other things. have been cleaning up after their most violent in the history of the country official figures registered $127.00 homicides on sunday the highest tally since records began the hardest hit town was villain in the region with 22 people lost their lives to cartel gunfire this comes as presi

president donald trump slaps tariffs on metal imports from brazil and argentina open a new front in his trade war. some are shuts down its government and orders staff to help contain a measles outbreak that scales more than 50 people. plus as world leaders gather for urgent climate talks in spain we'll explore what cent stake for. in kenya. security forces stopped an angry crowd from marching towards a u.n. base in the east of the democratic republic of congo they were heading to the peacekeeping compound near the airport in beni one of 2 bases in that city at least 2 people have been killed demonstrators have been targeting u.n. peacekeepers there for more than a week now saying they're failing to protect civilians from attacks by rebel groups that speak to their as producer. who is in beni for as he is on the line understand that there was a press or a press conference with the congolese army a short while ago tell us about what they have been saying. yes. 4 folks. who are trying to justify their actual no doubt need to be. good most. people probably the group that did not commission

for the libyan president even what allen is given refugee status by argentina's newly elected sent to left government. and unwelcome to al-jazeera with me and it's a problem and also coming up the u.s. house judiciary committee prepares to vote on articles of impeachment against president donald trump. 3 people are killed in northeastern india and protests against a bill that will grant citizenship to minorities from neighboring countries and the u.k. holds its election is less than 5 years viewed by many as the most important in a generation. full of a live in president evo morales is in argentina and has been granted refugee status that's according to the argentine foreign minister but alice was living in mexico since last month after he was a quantity of political asylum he was forced to step down and leave bolivia following mass protests after a disputed election let's bring in our correspondent there is a bush she is joining us live from when inside is so what more do we know about the story as. well it will what is a right very early in the morning to wonder why it is an airport

from those countries but both brazil and argentina say they will negotiate with the u.s. to stop the move but as our white house correspondent kelly hocket explains there could be some domestic factors influencing trump's decision a bit of a surprise on monday morning as americans waking up hearing about this tweet that the exemption that had been secured back in may of 28 team by argentina and brazil on steel and aluminum as we say over here tariffs well those are now back in place and this is not going to make those countries happy specifically because the urge the white house not to do it but donald trump particularly upset by some of the actions he's accusing argentina as well as brazil of taking of deliberately he he accuses them of deliberately devaluing their currency and it seems that this might have been provoked by a comment recently made by the economic minister in brazil where he said he's not concerned about the exchange rate in other words that there's a strong u.s. dollar in contrast to the brazilian reale so as a result there seems to be punitive action th

from those countries that speak to al-jazeera as serious a bowl is in when osiris argentina both argentina and brazil were among u.s. allies that president trump exempted from seal an entire this in march 28th teen and they both have a warm relationship with donald trump these 2 countries why this announcement now and how is it being received there. well it certainly comes as a surprise because as you just said there were warm relations between the united states argentina brazil especially with precedent fernando but also. apparently him and trump knew each other for very very for a long period of time because modi so marcie used to be a businessman salut this is certainly happened because back last year argentina and brazil were even shielded when the united states implemented terry of some of the european union canada mexico among others it even lifted a 25 percent tariff on fuel 10 percent terrorists on aluminum last year so this is certainly coming as a surprise donald trump also is accusing this country's of devaluating the currency in argentina and brazil saying that this is somethin

hours earlier trump had accused argentina brazil of artificially devaluing their currencies there is a bow has more from one of cyrus. brazilian argentine steel and aluminum industries where the latest targets of the united states tirades on monday trump tweeted the main reason for the change in policy was the massive devaluation of the currencies in brazil and argentina which does not benefit u.s. farmers over your life you were really good that would be a good workout for we're going to be guys we're going to be very very hard to be such a big breakout account for you that we're going to be here for. 30 years we're in brazil which is slowly recovering from a recession the news came as a shock and the steel industry which accounts for more than 2000000000 in exports to the u.s. talked about retaliation precedential you also natto trump's main ally in south america believes the situation can be worked out by the water cooler go if necessary i'll talk to trump about that but we're not backing off. the lead out meanwhile in argentina with its struggling economy the announcement did not

measures is also a consequence of the increase in commercial activities between china brazil and argentina in the middle of a trade war these are some of which i am forcing consequences of u.s. policy investors have been moving from emerging markets to the united states and to developed economies and that you know in argentina it's one of the reasons behind the country's currency crisis in 2018 major devaluation which of course has made its its its primary exports more competitive so in some ways you know the trumpet ministration is now reacting to something that helped create competitive exports which in part are heading to china argentina's president. and you also now to have experienced a warm relation with donald trump since taking office but for many dealing with china these days is enough to put the best of friends at odds. former u.s. president jimmy carter has been readmitted to hospital is being treated for a urine or a tract infection at a facility in georgia 95 year old carter was discharged last week from another hospital after undergoing a procedure following a recent fall he'

argentina otorga refugio el ex presidente de bolivia. comenzamos. >> este es un noticiero univisiÓncon jorge ramos e ilia calderÓn. ♪ jorge: muy buenas noches. sigue adelante el juicio para destituir al presidente donald trump hoy se hizo historia cuando la policÍa judicial de la cÁmara de representantes aprobÓ dos acusaciones que servirÍan de base para someter al presidente trump a su destituciÓn. >> 17 republicanos en contra. la votaciÓn vino despuÉs de un debate maratÓnico en el que hubo gritos, insultos y tÁcticas migratorias >> en sÓlo seis minutos con un voto de 23 a favor y 17 en contra el comitÉ judicial de la cÁmara de representantes aprobÓ dos artÍculos para hacerle el juicio polÍtico al presidente. "hoy es un dÍa solemne y triste" dijo el presidente de ese comitÉ. su comité aprueba cargos de juicio polÍtico contra el presidente. lo acusa por abuso de poder y obstrucciÓn del congreso. termina un proceso largo de discusiones maratÓnicas sobre las acciones de trump. >> hemos tenido la oportunidad de ver l

next in business donald trump slams fresh tariffs on steel and elon minium imports from brazil and argentina it's the latest move by the president to protect u.s. industries but it could hurt the already struggling american steel sector will be up next that story and more stick around. i'm scared that. and in the end it's a me you're not allowed to stay here any more we will send you that. are you familiar with this. with the smugglers with clients of the what's your story ready ready ready. i'm working on is a women especially in victims of violence in. part and send us your story train always understand this new culture. not even a turn off and yet you want to become citizens. in full migrants your platform for reliable information. argentina and brazil become the next target soft traveler of sim posed by donald trump he has announced new duties on steel and aluminum to protect national industry sput could they do more harm than good. also on the show u.s. companies appear more hesitant about making big investments in germany we'll tell you why. and it's cyber monday the 2nd global shoppin

president bush is brazil and argentina announcing he's free imposing tariffs on metal imports from both countries however wrongly makes the vaccine helped cause a measles outbreak in samoa which has now killed more than 50 children and tens of thousands evacuated and businesses boarded up as a powerful typhoon slams into the philippines. and i'm leah harding and doha with all of your sports argentina and barcelona superstar lionel messi wins his 6th ballon d'or title it equals the number one by his great rival christiane arnaldo. police in the democratic republic of congo say 4 people were killed on monday during protests in the eastern town of banning 3 protesters and one policeman gunfire was heard as civilians marched on a un peacekeeping base in the area the call of these army has been deployed to block them from getting close the locals are protesting against what they feel is a lack of protection from the un after a recent spate of attacks by on dreadful groups at least $100.00 people were killed in november and beyond the democratic forces militia has been blamed for much of the

argentina's new government wants to refill state coffers for a recession weary argentinians ready for higher taxes on farm exports and currency exchanges will take a look. also coming up boeing's decision to whole production of its $737.00 max is likely to ripple across the u.s. economy. and more strikes over macross new pension plans in france how will paris solve a crisis that threatens to spoil christmas for many french holiday makers. this is your business report i'm stephen beard zimbra thanks for joining us argentina's new government has introduced a bill that would hike taxes on farm exports and currency exchanges the legislation would use that extra revenue to support a new state spending an effort to reverse the pain of recent years austerity cuts the country's fiscal situation remains dire with melting debt and high inflation and that leaves the government little room for mistake. currency exchange offices in buenos iris are crowded as more and more argentinians rush to convert their money into u.s. dollars and euros before the new 30 percent tax on foreign currency purchase

argentina's government has been battling devaluation for months as people are turning to the u.s. dollar to protect their savings. argentina's central bank has spent more than $5000000000.00 to bolster the pestle says the primary elections in august which triggered a collapse in the value of the currency trump now says the devaluations where intentional for many the latest u.s. measures is also a consequence of the increasing commercial activities between china brazil and argentina in the middle of a trade war these are some of the i'm forcing consequences of u.s. policy investors have been moving from emerging markets to the united states and to developed economies and that you know in argentina it's one of the reasons behind the country's currency crisis in 2018 major devaluation which of course has made its its its primary exports more competitive so in some ways you know the trumpet ministration is now reacting to something that helped create competitive exports which in part are heading to china argentina's president. and also nat'l have experienced a warm relation with donal

theme of the libyan president evo morales has given refugee status by argentina newly elected center left government. is the problem and this is al jazeera live from doha also coming up the u.s. house judiciary committee best of all told articles of impeachment against president donald trump. 3 people were killed and you had protests against a bill that would grant citizenship to minorities from neighboring countries and the u.k. holds its 3rd election in less than 5 years viewed by many as the most important in a generation. now bolivia's deposed president you want out as has been granted refugee status in argentina he was granted political asylum in mexico when he fled there last month but alice was for start following mass protests and accusations that the presidential election of toba was returned to his abode has more from one us on it is and she says argentina's a close ties with figures in the new bolivian government has helped create a safe haven from what alice cristina fernandez de kirchner was precedent of argentina and while she was in office the relationship between arge

a new president takes office in argentina as the country is providing us reclaim power and debate over the state of the u.k.'s battle health service reaches fever pitch 2 days before the general election. u.s. democrats have officially revealed to articles of impeachment against president donald trump and their bid to remove him from office the articles outlined charges including abuse of power and obstruction of the congressional inquiry will trump and his white house team are accused of withholding aid to ukraine to pressure it and investigation joe biden a potential democratic challenger in the 2020 presidential race in service to our duty to the constitution and to our country. the house committee on the judiciary is introducing 2 articles of impeachment charging the president of the united states donald j. trump with committing high crimes and misdemeanors the 1st article is for abuse of power it is an impeachable offense for the president to exercise the powers of his public office to obtain an improper personal benefit while ignoring or in injuring the national interest this giv

the reaction from argentina and spiteri i suppose in buenos aires for us both argentina and brazil have had a good relationship with donald trump to resell what's their reaction to this announcement of tears. well the main reaction right now here is that stock market currencies are falling because of donald trump's announcement and it adds up to the uncertainty what we're hearing from brazil is from the main steel industry there they're saying that they're per plex that they're saying that they're talking also about retaliation and they say that brazil has not been devaluating its currency on purpose donald trump said on one of its 2 week that the devaluation in brazil and in argentina is hurting farmers in the united states and that's why he's taking measures so it's not clear yet why he's making this decision as you just said the relations between especially towards fernando and donald trump where very very close it may not right now in latin america also the relationship between donald trump and nobody so might be the current president of argentina they have been very close so it's n

former bolivian president evo what on is given refugee status by argentina newly elected center left government. 3 people were killed in northeastern india in protest against a bill that will grant citizenship to minorities from neighboring countries. and barbara starr in london with the top stories from europe including deciding the direction of bricks in the u.k. votes in what party leaders are calling the most important election in a generation. sport tiger woods captains the usa so they will start at the presidents cup in. the u.s. house of representatives is moving closer to impeaching president donald trump as the house judiciary committee holds its final debate now house democrats are leading efforts to formally charge the president of the beauties of power and obstruction of congress trumps accused of withholding aid to pressure you crave into investigating potential white house rival joe biden said right now the house judiciary committee is debating the precise language of the 2 charges against president trump. 2 votes will be held one for each article they are expected to p

if necessary i'll talk to trump about that but we're not backing off the lead out meanwhile in argentina with its struggling economy the announcement did not go unnoticed you would carry it on feet and i don't mean only add up to the end certainty that already exists in this country in one week argentina will have a new president i'll bet about how to manage it and he will have to deal with a double digit inflation rate currency unfold and the possibility of by default on foreign debt argentina's government has been battling devaluation for months as people are turning to the u.s. dollar to protect their savings. argentina central bank has spent more than $5000000000.00 to bolster the pace all says the primary elections in august which trigger. collapse in the value of the currency trump now says the devaluations where intentional for many the latest u.s. measures is also a consequence of the increasing commercial activities between china brazil and argentina in the middle of a trade war these are some of the 1st thing consequences of u.s. policy investors have been moving from emerging

competitive exports which in part are heading to china argentina's president. and you will have experienced our one relation with donald trump since taking office but for many dealing with china these days is enough to put the best of friends at odds. our show for this week if you'd like to comment on anything that you've seen you can tweet me i'm at a finnigan on twitter please use the hash tag a j c t c when you do or you can drop us a line carrying the cost of al-jazeera dot that is our e-mail address as always there's plenty more for you online at al-jazeera dot com slash c.t.c. that takes you straight to our page and they'll find individual reports links even entire episodes for you to catch up on. but that's it for this edition of counting the cost i'm adrian photogram for the whole team here in doha thanks for being with us the news of al-jazeera is next. the last time i spoke to him he told me i was thinking of going to a syria the world wants to see syria's fighters up close and personal but those behind the camera pay the price filmmaker yesterday as

in this case versus the venue argentina that's why we're here. is your media a reflection of reality. in a world transformed. what will make you feel safe. isolation community. are you good in the right way or are you being. watched his face. in the world corrupted you need to descend. to join us in the depths. or a maybe in the shallows. caught between a rock and a hard place america's family friendly hole marked t.v. channel has apologized for pulling a commercial featuring a same sex couple of his promise to create more inclusive content the company division which operates the network ses it's been a tough call all round. the crown media team has been agonizing over this decision as we've seen the hurt is has unintentionally caused our mission is rooted in helping all people connect summer break traditions and be inspired to capture meaningful moments in their lives we are truly sorry for the hurt and disappointment this has caused well the apology comes after the child polled an ad for a wedding planning website that featured a gay couple get

trump and his renewed attack on argentina and brazil? tariffs -- christopher: you could see some of that, but i come from the view that most of what happens to the one depends on data -- you on depends on data from out of china. in the broader picture, the u.s. china relationship will have an impact on that and investment views of that particular exchange rate. nejra: what is your view on how investors should position around risk assets in 2020? it sounds like you think a phase one deal is not the end of the market's problems by any degree, but the market might jump on that as optimistic and we could see equities hit highs again? christopher: we've seen them hit highs on the expectation of a trade deal. whether we get one is hard to say at this stage and time is running out to have one this year. the president's takes time, the music has been mixed in the background, but what investors will have to deal with is this is uncertainty that will remain in the background. what gives optimism is we have the central banks of the world on the cas

argentina and brazil become the next targets of u.s. tariffs donald trump has announced new duties on steel and aluminum to protect the national industries but could they do more harm than good. also on the program u.s. companies appear more hesitant about making big investments in germany i'll tell you why. and what to do with the trash of bangalore still 11000000 people one man is turning it into bio gas. it's time for business on the w m how you know i guess it's good to have you with us u.s. president donald trump claims he wants to protect his national steel and aluminum industries by imposing import tariffs again duties are already in place for chinese and european steel and aluminum argentina and brazil where accepted but that is about to change as announced by trump 1st as usual and twitter then later in person . just as he was departing for the nato conference in europe u.s. president donald trump reaffirmed his intention to levy penalty tariffs on steel and aluminum from brazil and argentina that. really. got. by. and i guess

it is a reflection of a damaging crisis which argentina has been through. one possible interpretation, and this is speculative, is that the white house is looking to ease but ans with china, important consideration for them is that they continue speaking in the language which is appealing to their core protectionist constituency, and that is why we are seeing argentina and brazil bubbling up on the agenda. guy: great to see you. thanks for your time. tom orlik, bloomberg economics chief economist. coming up, it is cyber monday. what can we expect out of the united states? consumers in the final months of and into 2020. all of that's next. this is bloomberg. ♪ vonnie: a little leg lower now for stocks on the headlines at the commerce secretary wilbur ross is telling fox news that the president will increase tariffs if there is no china deal. it should be mentioned that president trump leaving for london just a while ago said deal,hina wants to make a so the president is sticking by his story that he will make a deal with china, and that china once a deal.

plus christmas in argentina would be unthinkable without the ponderosa but the economic crisis is making even this retreat an affordable for many. american evanston it's good to have you with us. christians around the world are celebrating christmas marking the birth of jesus more than 2000 years ago at the vatican pope francis led the midnight mass at st peter's basilica his blessing emphasized forgiveness not just for sinners but for the church itself after a difficult year in which sexual abuse scandals continue to rock the catholic church francis urged christians to keep the faith. orde i he does a ritual that dates back to the 1st centuries of the catholic church the midnight mass at some pages is a spiritual gathering there the pope is said to confide the word of god to the faith food of. it. that he may god who by the incarnation brought together the earth and the heavenly realm fill you with the gift of his peace and favor and may you share it with the church in heaven this was. for the pontiff and followers of the catholic faith it has been a trying him scandal has reached the v

the us threatens tariffs on brazil, france and argentina, pressuring asian stock markets as investors worry about yet more trade spats. will the longest commercial passenger flight become a reality? we speak to the boss of qantas. good morning, asia. hello, world. it isa good morning, asia. hello, world. it is a tuesday. glad you could join us for another exciting addition of asia business report. i'm rico hizon. let's begin with trade spats, because over the last few hours, the us has proposed tariffs of up to 100% on certain french goods in retaliation for france's digital services tax. items which could be affected include sparkling wine, cheeses, handbags and make up product. and just yesterday, president trump said he is restoring steel and aluminium trout two ta riffs steel and aluminium trout two tariffs on imports from brazil and argentina. he says their currencies are undervalued, which is making it harderfor us farmers are undervalued, which is making it harder for us farmers to compete. that tweet had an impact on wall street stocks overnight. as you can see, the dow, the s

won't be a colombian act by the end of the show that would be quite bloody yes exactly but where in argentina we're going to be heading to rio de janeiro those will be our next episodes from there as you see we're in the southern hemisphere where we all it took us decades of my life to learn that it's warm down here during the cold christmas up north so from now on i am going to be where it's warm christmas much better than that cold sand it's nice and warm down here so we're going to look back at 2019 and you know what were the big themes of what we got right what we got wrong we didn't get anything wrong so. we definitely got right heading down to the southern hemisphere for christmas but the big themes i've been we've been looking at over the past few over the past decade it was this a few decades it feels like we've been doing this show for decades but it's just spent 10 years this autumn we got right deal bliz ation indeed dollars ation those are the 2 big themes and they are really really really reaching across the headlines around the world and it's undeniable to anybody now we were ca