financializer news A weblog highlighting financial topics making news in the international media.

rcep nations: It is an opportunity for both China and Australia, and indeed all 16 RCEP nations, to show leadership to the world that we continue to stand for more open markets and for greater trade and economic integration, Birmingham said at a roundtable discussion organized by the Center for China & Globalization CCG . Birmingham will represent Australia at the eighth RCEP ministerial meeting which will be held in Beijing from August 2-3, according to Global Times China. He is the first minister sent by the government of Scott Morrison to Beijing since the federal elections in mid-May. Photo Wang Wenwen/GT Australia is making great efforts to conclude negotiations on the Regional Comprehensive Economic Partnership RCEP agreement and is determined to work constructively with China, Australian Minister for Trade, Tourism and Investment Simon Birmingham said in Beijing on Friday. The RCEP agreement, if reached, would encompass 30 percent of global GDP and half of the world population. It is widely anticipated that the negotiations can be concluded by the end of this year. It takes in all 10 ASEAN member states and China, Japan, South Korea, Australia, New Zealand and India. (news.financializer.com). As reported in the news.

href: Tell When You Sell This week it emerged that fund manager Neil Woodford has offloaded 60% of his stake in the Woodford Patient Capital investment trust around 1.75 million shares, according to The Independent. While the 1 million he pockets from the transaction is apparently to pay a tax bill, it's hardly a vote of confidence for the trust, which is already trading at a whopping 41% discount. And why we should all pay attention to Spider-Man's Uncle Ben Holly Black 2 August, 2019 9 43AM var switch To5x true; // tooltip demo selector rel tooltip ; selector rel tooltip ; var new Href new Href function fbs click u location.href; t document.title; u ' encodeURIComponent u '&t ' encodeURIComponent t 'sharer', return false; The ongoing saga that is Woodford Equity Income is becoming almost farcical in its ability to pinpoint all the problems with the investment industry. But the really bonkers thing here, of course, is that Woodford was under no obligation to report this transaction to anyone. Under official rules, you only need to publicise your share dealings if you have a stake of 5% of more in a company. Even the independent board of directors, which oversees the running of the trust, didn't find out until three weeks after the trade. (news.financializer.com). As reported in the news.

trade-war damage: One big reason China likes to play the long game, according to Market Watch. Policy officials think they might see a more amenable president after the 2020 elections who could be easier to deal with than President Donald Trump. Boy, were we wrong! Despite the trade-war damage to both sides in the form of slower economic growth and a pullback in all-important business investment in the U.S. it now looks like the trade dispute will drag out. Companies, too, are concluding this is going to be a drawn-out affair. This is bad for China. So they're moving supply chains out of China. (news.financializer.com). As reported in the news.

yahoo: Iwata had been in open dispute with the larger company and said he would push Yahoo Japan to sell its stake in his company. ; The clash, rare in corporate Japan, flared last month after Askul accused Yahoo Japan of violating the spirit of their agreement and the smaller company's independence by demanding the sale of internet mail-order business Lohaco, according to The Japan Times. Iwata tried to line up at least four potential bidders to buy out Yahoo Japan's 45 percent stake. Investors in Askul, led by Yahoo Japan, rejected the reappointment of CEO Shoichiro Iwata and three independent directors at the company's annual shareholders meeting on Friday. Yahoo Japan, backed by Soft Bank Group Corp., has responded by pressing for Iwata's ouster because of dissatisfaction with the company's deteriorating business. Georgieva, if appointed, would ... More privacy missteps cast cloud over voice-activated digital assistants Focus A series of privacy missteps in recent months have raised fresh concerns over the future of voice-activated online digital assistants, a growing market seen by some as the next fron... /4973089/JT-teads googletag.cmd.push function googletag.display ; ; Yahoo Japan has said it has no intention of off-loading its stake in Askul, which has a market value of 154 billion 1.4 billion . Twitter Facebook Linked In LATEST BUSINESS STORIESSouth Korea-Japan rift spills over into RCEP trade meetingA widening rift between Japan and South Korea spilled over at a meeting of 16 mostly Asian countries negotiating the world's largest free trade agreement Saturday, according to Japan's representati... Divided EU taps Bulgaria's Kristalina Georgieva as IMF candidate In a fractious vote, EU ministers on Friday chose the Bulgarian No. 2 of the World Bank, Kristalina Georgieva, as the bloc's candidate to become IMF chief. (news.financializer.com). As reported in the news.

yoon joon-won: The new list comes a month after Japan imposed export curbs on three key materials used in Korea's chip industry. ; Some of the products to be removed from the white list could become a problem, such as blank masks or shadow masks products that Japanese makers monopolize, said Yoon Joon-won, a fund manager at HDC Asset Management, according to The Japan Times. Many people don't expect Samsung will shut down its plants because of this, but if the removal from the white list takes effect, there will be a Korea risk premium for investors. Japan confirmed Friday it will remove South Korea from a list of trusted export destinations, which would expand the number of materials used by South Korean makers of OLED screens, televisions and semiconductors that are subject to restrictions. South Korea's two tech giants, Samsung Electronics Co. and SK Hynix Inc., are already struggling with the earlier export restrictions. Tensions between the two countries have been flaring over whether Japan has sufficiently compensated Koreans who suffered under Japan's 1910-45 colonial rule of the peninsula. Shares of Samsung fell as much as 2 percent in Seoul on Friday, while SK Hynix dropped as much as 3 percent. (news.financializer.com). As reported in the news.

state capitals: The Core Logic July 2019 home value index shows national dwelling values were flat over the month - stabilising after a consistent trend towards smaller month-on-month declines - helped by a subtle price rise across most capital cities, according to Nine News Australia. Prices across the state capitals rose by a combined 0.1 per cent in July, breaking almost two years of losses, including a monthly increase of 0.2 per cent in Sydney, Melbourne and Brisbane, and an easing decline in Adelaide, Perth and Canberra. To improve your experience update it here News National National property prices increase for first time since 2017By AAP10 22am Aug 2, prices stabilised in July as the housing market embraced dual rate cuts and improved credit availability, but economists have warned not to expect a boom in the near future. Australian house prices just rose for the first time in two years. But he warned against expecting a 'v-shaped' recovery in the market. AAP Core Logic head of research Tim Lawless said the figures suggested a new floor had been found following back-to-back interest rate cuts in June and July and a post-federal election boost. (news.financializer.com). As reported in the news.

trade truce: Wall Street also sold off sharply on Friday as investors continued to digest the president's decision to bring a trade truce with China to an abrupt end, according to The Guardian. Ending the worst week this year for US stocks, the the Dow Jones industrial average closed down 98 points 0.4% at 26,485, having lost more than 280 points earlier in the day. The FTSE 100 was down more than 2% as markets across Europe tumbled on Friday, continuing a wave of selling pressure around the world in the aftermath of the president's announcement on Thursday evening. Trump's fresh 300bn China tariff threat spooks markets business live Read more Joshua Mahony, a senior market analyst at the financial trading firm IG, said Hopes of a resolution to the US-China trade war have been dashed once again. In a development likely to have severe ramifications for global growth, Trump said Washington would impose 10% tariffs on 300bn of Chinese goods, in effect placing additional border taxes on the total value of China's exports to the US. The White House already charges tariffs of 25% on 250bn of Chinese goods sold in the US as part of the long-running trade standoff. We are going around in circles, yet there is a feeling that this time we are unlikely to see tariffs averted by simply promising to resume talks. (news.financializer.com). As reported in the news.

trump: Trump on Thursday stunned financial markets by saying he plans to levy the additional duties from September 1, marking an abrupt end to a truce in a year-long trade war that has slowed global growth and disrupted supply chains, according to Nine News Australia. Beijing would not give an inch under pressure from Washington, Chinese Foreign Ministry spokeswoman Hua Chunying said on Friday. To improve your experience update it here News World China warns of retaliation for US tariffs By AAP7 14pm Aug 2, says it will not be blackmailed and warned of retaliation after US President Donald Trump vowed to slap a 10 per cent tariff on US300 billion A439 billion of Chinese imports from next month. If America does pass these tariffs then China will have to take the necessary countermeasures to protect the country's core and fundamental interests, Hua told a news briefing in Beijing. On the major issues of principle we won't give an inch, she said, adding that China hoped the US would give up its illusions and return to negotiations based on mutual respect and equality. We won't accept any maximum pressure, intimidation or blackmail. (news.financializer.com). As reported in the news.

wind turbines: Here's our fact check of each one, according to CNN. Wind turbines The previous administration, they liked windmills. By our count, Trump made more than 20 false or misleading claims during his 79-minute address. You know windmills if a windmill is within two miles of your house, your house is practically worthless. The study found no unique impact on the rate of home sales near wind turbines. Read More Facts First While some homes might fall in value when turbines are erected close by, studies in the US have not found that homes generally become anywhere close to practically worthless in such cases -- and some have found no significant decline at all.A 2016 study published in the Journal of Real Estate Research, for example, analyzed more than 122,000 home sales, between 1998 and 2012, that occurred near within 10 miles 41 turbines in densely populated Massachusetts communities. (news.financializer.com). As reported in the news.

window.cns: Ask Opinion Climate Change Democratic Ask How to Pay for Climate Change, according to MSNBC. Ask Asking presidential candidates how they'll pay for the cost of climate change is naive. Ask Who WIRED window.cns window.cns ; window.cns.page Context ;window.cns window.cns ;!function use strict ;var n,t function n,t var i function var n 0;function t n var i t,i for var u n,t var new t,window.cns window.cns ;var Ask How to Pay for Climate Change. We should be asking, who is going to pay and how much .photo-1x1-1x1 height 0; padding-bottom 100%; .photo-1x1-1x1 height 0; padding-bottom 100%; .photo-1x1-1x1 height 0; padding-bottom 100%; .photo-1x1-1x1 height 0; padding-bottom 100%; .photo-1x1-1x1 height 0; padding-bottom 100%; .photo-1x1-1x1 height 0; padding-bottom 100%; .photo-1x1-1x1 height 0; padding-bottom 100%; .photo-1x1-1x1 height 0; padding-bottom 100%; (news.financializer.com). As reported in the news.

base case: Back in 2015 the stock market was focusing on the imminent demise of telecommunications giant Sprint S, -5.85% in which Soft Bank SFTBY, -0.85%9984, -2.53% has a substantial stake, according to Market Watch. Our base case concluded that even if Sprint went bankrupt, it would have a minimal impact on our estimate of Soft Bank's value per share. But despite all evidence to the contrary, Soft Bank stock remains widely hated and misunderstood. Also, the market was missing an important point Since Soft Bank owned more than 80% of Sprint, it had to consolidate Sprint's debt on its balance sheet, which overstated Soft Bank's true indebtedness by more than 40 billion. I cannot tell you how many articles I read at the time that focused on Sprint's problems and Soft Bank's indebtedness and failed to see this important nuance. Sprint was an independent legal entity, and thus Sprint's debt was non-recourse to Soft Bank. (news.financializer.com). As reported in the news.

blog post: Don't forget this is a pre-election year, he added, according to Market Watch. In August of 2015 we had the surprise Chinese yuan devaluation, which led to the first 1,000-point Dow drop ever, while August 2011 had the U.S. debt downgrade, pre-election-year events that created massive bouts of volatility. August has been tough on stocks historically and is actually the worst month of the year over the past 10 years, wrote Ryan Detrick, senior market strategist at LPL Financial, in a blog post. While Detrick argued investors shouldn't necessarily expect another major disruptive event just because its August, he said that given the S&P 500 SPX, -0.73% is up nearly 20% this year, near LPL's year-end target of 3,000, we are watchful for any developments that could lead to potential market weakness. The Dow Jones Industrial Average DJIA, -0.37% advanced 15.2% over the first seven months of 2019, its strongest such rise since an 18.3% gain in 2013. Through the end of July, the S&P 500 rose 18.9% it's strongest performance through the first seven months of a calendar year since a 28.8% rise over the same stretch in 1997, according to Dow Jones Market Data. (news.financializer.com). As reported in the news.

china: The group has always strictly abided by in its business operations the laws and regulations of China and destination countries of its exported products, and has developed overseas markets under the principle of fair and orderly competition, the company said in a filing posted at the Hong Kong Exchanges and Clearing on Thursday, according to Global Times China. The response came after the Wall Street Journal reported on Wednesday that the founder of China Zhongwang had been indicted by a US federal grand jury on charges that he evaded nearly 2 billion in tariffs as part of a conspiracy to smuggle massive quantities of aluminum into the US. The report came the same day that China and the US conducted a new round of trade talks in Shanghai, as the two sides ended their meeting with candid, constructive and efficient in-depth exchanges amid a trade war that has lasted more than one year. However, experts said that the primary cause of the issue is the twisted market economy and it is the US that should be blamed. The group has not received any legal instrument or notice in relation to the alleged proceeding, and the company also confirms that it has not received any legal instrument or notice in relation to the alleged proceeding, the Liaoning Province-based company added. The unreasonable tariffs, which represent US rising protectionism, can't be accepted by any country. Even if Zhongwang transferred its aluminum to a third country, the root cause is that the US has raised the tariff barrier too high, which has twisted and disrupted the normal market economy, said Mei Xinyu, a veteran analyst close to the Ministry of Commerce . US wrongdoing by using so-called long-arm jurisdiction is what should be condemned at the very first, Mei told the Global Times on Thursday. (news.financializer.com). As reported in the news.

dow jones: One thing he says could get in the way of a second term is that the media's anti-Trump sentiment is overwhelming and is poised to keep building during the election, according to Market Watch. I'm a little concerned about this, he said. If Trump loses, then it'll be another game...I think the markets then will go haywire because they've been depending on Trump policies to keep on pushing the market up and also higher growth rate in the U.S.' Mobius, however, told CNBC on Thursday he believes it's unlikely Trump will be a one-term president, considering his pro-business policies have helped support a stock market that's already seen gains of more than 30% for both the S&P 500 SPX, -0.73% and the Dow Jones Industrial Average DJIA, -0.37% since the beginning of 2017. Read Mark Mobius says U.S.-China trade fight turning more strategic and critical' Regardless, Mobius says that, going forward, it'll be difficult to find worthwhile investment opportunities in major developed markets. So, emerging markets have an opportunity here not only because of the rate cut but because their companies are paying pretty good yields. China and India account for around 40% of his portfolio, with the rest spread across Brazil, Turkey, South Korea, Taiwan and Southeast Asia, he told CNBC. The search for yield is the name of the game, he said. (news.financializer.com). As reported in the news.

breakdown: A new model is needed to rapidly create societies that are more sustainable, just and prepared bringing human activity to within environmentally sustainable limits while narrowing inequality, improving quality of life, and becoming better prepared for the accelerating consequences of environmental breakdown, says the discussion document by the Institute for Public Policy Research, according to The Guardian. To ensure a green future the UK cannot rely on free markets alone Richard Partington Read more The paper is a follow-up to a widelycirculated IPPR study, published in February, that said a gathering storm of human-caused threats to climate, nature and economy posed a danger of systemic crash comparable to the 2008 financial crisis. The paper says policymakers have made a catastrophic mistake by underestimating the risks posed by environmental breakdown and the potential benefits of switching to a different economic approach that focuses on building abundance rather than running down resources. To avoid this, the document says there is an urgent need for parliament to pass a Sustainable Economy Act that would mandate statutory targets to rapidly reduce the effects of declining soil fertility, air quality, pollinator numbers, fish stocks, wildlife diversity and other benchmarks of a healthy environment. The model would be the Climate Change Act 2008, which put Britain at the forefront of efforts to ensure economic activity was aligned with goals to reduce emissions of carbon dioxide and other greenhouse gases that cause global heating. The move would effectively place a full sustainability constraint on all UK economic activity, allowing natural abundance to recover for the common good instead of running it down to the detriment of all but a super-wealthy minority. (news.financializer.com). As reported in the news.

charter: Economyread more Disney, Charter blow through deadline but keep talking on new... The continued talks suggest that both sides hope to avoid a blackout of ESPN and other Disney channels, according to Xinhua China. Technologyread more What the markets are watching in the week ahead With new risks from trade wars, stocks head into the final weeks of summer vulnerable to a pull back or even a correction. Politicsread more Stocks fall on trade war fears, sending the S&P 500 to its worst... Stocks fell as President Trump stoked U.S.-China trade fears with the announcement of more tariffs while investors digested employment data.US Marketsread more Here's where the jobs are in one chart Several industries showed particularly strong growth in hiring including education, health care, professional and business services. Market Insiderread moreIBM lowers 2019 earnings guidance after closure of Red Hat...IBM reduced its profit forecast for the year after factoring in costs related to Red Hat, its biggest acquisition ever. China Politicsread more Eli Lilly confirms probe by New York's Attorney General over... Eli Lily, the maker of blockbuster diabetes treatment Humalog, has been under scrutiny from U.S. lawmakers and the White House over the high cost of its life-saving... Health and Scienceread more Johnson & Johnson says jury ruled in its favor in lawsuit over... Concerns over J&J's baby powder threaten the company's family friendly image. Technologyread more Beijing responds to Trump's new 300 billion tariff threat China's foreign ministry reportedly said Friday that while Beijing did not want a trade war with the U.S., it was not afraid to fight one. (news.financializer.com). As reported in the news.

missile tests: As the current ASEAN chair, Thailand would like the two countries to carry out more projects in the region, hoping that Japan will guide China into following international standards such as ensuring transparency in investment and debt sustainability of recipients, he said in an interview Wednesday in Bangkok, according to The Japan Times. The two governments launched the initiative during Prime Minister Shinzo Abe's visit to Beijing last October. Welcoming China's role as a major provider of economic aid and investment for ASEAN, Kavi Chongkittavorn, a columnist for The Bangkok Post and senior fellow at Chulalongkorn University, takes a cautious view of Beijing's security posture, especially with regard to its militarization and recent missile tests in the disputed South China Sea. ; Now that Tokyo-Beijing ties have improved markedly with China having warmed to Japan as the U.S.-China tariff war shows no signs of easing Kavi pointed to the significance of a new Japan-China initiative for promoting joint economic cooperation projects in third countries. Japanese and Chinese companies and economic organizations made deals for more than 50 projects in infrastructure, finance, information technology and other areas including one for the development of an energy-efficient smart city in Thailand. China has the capital and manpower, while Japan has the technological expertise and sophistication. Both countries have what the region needs, Kavi said, speaking on the sidelines of ASEAN-related foreign ministerial meetings in the Thai capital. (news.financializer.com). As reported in the news.

leaders plan: This reminds people that China has kept its options open for using rare earths as a weapon in the US-launched trade war against China, according to Global Times China. Now, is the US turning to Mongolia to break the stalemate in rare-earth minerals China has never interfered in US-Mongolia cooperation. A Bloomberg News report on Tuesday quoted a senior US official as saying the two leaders plan to discuss a free-trade pact between the two countries, and US investment in Mongolia's mineral deposits, including rare earths. This is not in line with Chinese diplomatic theory. Washington needs to think more carefully. But the US wants to block China's high-tech development and yet turns to China's neighboring countries to seek resources essential to producing high-tech products. (news.financializer.com). As reported in the news.

mid-cycle adjustment: It's not the beginning of a long series of rate cuts, he said, adding, I didn't say it's just one move. ; Financial markets were whipsawed during the news conference as Powell struggled to define the rate path ahead, according to The Japan Times. He attempted to explain how the cuts were mainly defensive, aimed at supporting the economy during a period of too low inflation, weakening global growth and trade tensions. We're thinking of it as essentially in the nature of a mid-cycle adjustment to policy, Powell said at a news conference following the quarter percentage-point reduction. But at the same time, he said the U.S. grew at a healthy pace in the first half and that the outlook was favorable. The Nikkei 225 stock average recouped early losses and ended up 0.1 percent, helped by the yen's decline. The dollar broke above the 109 level for the first time in two months on Thursday, after Powell's warning against expectations of a lengthy U.S. monetary easing cycle. (news.financializer.com). As reported in the news.

mid-cycle adjustment: It slid 10.44 points the previous day, according to The Japan Times. The Tokyo market opened lower in the wake of a continued drop on Wall Street due chiefly to a hawkish comment by U.S. Federal Reserve Chairman Jerome Powell, brokers said. The 225-issue Nikkei average rose 19.46 points, or 0.09 percent, to end at 21,540.99, after dropping 187.78 points on Wednesday. ; The Topix index of all first-section issues closed up 2.21 points, or 0.14 percent, at 1,567.35. At a news conference after the Fed decided to cut its policy interest rates by 0.25 percentage point at a two-day Federal Open Market Committee meeting that ended Wednesday, Powell said the move was a mid-cycle adjustment to policy, ruling out lengthy rate reductions. In the afternoon, players refrained from active purchases in view of falls in Asian markets, including Shanghai, and a lack of powerful incentives, forcing both the Nikkei and Topix indexes into tight ranges around their previous day's closing levels. But the market recouped the initial losses and returned to the sunny side in midmorning thanks to buying prompted by the dollar's appreciation to top 109. (news.financializer.com). As reported in the news.

statistics bureau: Shenzhen, often dubbed China's Silicon Valley, saw its GDP growth rate reach 7.4 percent during the period, while that of the province's capital Guangzhou was 7.1 percent, according to the statistical bureau's website in each city, according to Global Times China. Hong Kong and Macao, the two special administrative regions within the Guangdong-Hong Kong-Macao Greater Bay Area, have not yet released their first-half economic data. GDP of Guangdong passed the threshold of 5 trillion yuan 720 billion in the first half of 2019 for the first time with year-on-year growth of 6.5 percent, above the nation's overall level of 6.3 percent year-on-year, data from the statistics bureau of Guangdong showed at the end of July. The fast development of the region is attributable to its mature business model and cluster effect, said Mao Yanhua, a professor at the Institute of Guangdong, Hong Kong and Macao Development Studies at Sun Yat-sen University. The added value of advanced manufacturing in Shenzhen increased by 10.3 percent, accounting for 71.2 percent of the city's scale industrial output. The mature business model and massive investment in innovation in the Greater Bay Area means that it is the perfect place for new technologies and business to grow, Mao told the Global Times on Thursday. (news.financializer.com). As reported in the news.

data: The federal government has used new energy market data to take another swipe at the Victorian Labor government over its handling of the sector, but the state says the Commonwealth is not helping, according to Nine News Australia. Fresh data from the Australian Energy Market Operator shows Victoria is relying on New South Wales, South Australia and Tasmania to keep the lights on. To improve your experience update it power imports on the rise data By AAP7 38am Aug 2, is hauling in more electricity from the rest of the country and power companies are passing on the increased costs. That compares to four years ago when it was a net exporter and the Hazelwood coal-fired power station still operated. Federal Energy Minister Angus Taylor said the trends are an indictment of the Victorian government's management of its energy market. The cost of wholesale electricity in the state has also risen by more than 200 per megawatt hour over that period. (news.financializer.com). As reported in the news.

u.s: Later in the day, Trump said in remarks to reporters at the White House that he might still ratchet tariffs up to 25%, as he's previously threatened -- or even higher, according to CNN. It can be lifted in stages so we're starting at 10% and it can be lifted up to well beyond 25%, the President said. Trade talks are continuing, and during the talks the U.S. will start, on September 1st, putting a small additional tariff of 10% on the remaining 300 billion dollars of products coming from China into our country, he tweeted. But we're not looking to do that, necessarily. It would tax goods like iPhones and other consumer electronics, sneakers and toys. Oil prices nosedive 8% on Trump tariff threat -- worst day in more than 4 years The new tariffs could hit US consumers harder than the earlier rounds. (news.financializer.com). As reported in the news.

milford haven: Boris Johnson championed free ports when he took office last week, but the Singapore-style tax-free zones are controversial and have been identified by the EU as a money-laundering risk, according to The Guardian. Under the plans, ports including Teesport, Milford Haven, Port of Tyne and London Gateway could become standalone economic zones, considered independent for customs purposes, that charge no taxes or tariffs on imports. The cabinet minister, a free marketeer whose political hero is former chancellor Nigel Lawson, said the plan for so-called free ports could revitalise transport and trade hubs like Margaret Thatcher did for the London Docklands in the 1980s. What is a free port All you need to know about the free-trade zones Read more Free ports are typically used to store high-value items such as valuable artworks, precious stones or antiques in places such as Luxembourg, Singapore, Beijing, Monaco and Delaware. Those advising Truss on a new free port panel will include Eamonn Butler, the director of the rightwing, libertarian Adam Smith Institute, and Tom Clougherty, the head of tax at the Thatcherite thinktank the Centre for Policy Studies CPS . Emma Jones, who runs a small business network, and Daniel Korski, a former adviser to David Cameron will also be on the panel. They were heavily criticised by a European parliament report last year for facilitating illegal activity such as tax evasion and money laundering. (news.financializer.com). As reported in the news.

steven morris: If, as predicted, Davies is defeated by the Liberal Democrats' Jane Dodds, Boris Johnson's first major test as prime minister will result in his working majority in the Commons being reduced to one, according to The Guardian. Steven Morris has taken the temperature in this Welsh constituency where agriculture has been at the centre of the campaign, with warnings of heartache for sheep farmers and even civil unrest if there is a no-deal Brexit. Despite being removed by a recall petition, over a conviction for diddling parliamentary expenses, the Tories' Chris Davies is standing again and will hope to retain the seat. Les, a sheep farmer, was taking his ease in the sunshine as the Brexit party's bus rolled through Brecon. Meanwhile the huge cost of a no-deal Brexit has been laid bare after Johnson's government announced an extra 2.1bn for measure including stockpiling of medicines, an extra 500 border officials and a public awareness campaign about disruption. They're the sort that are here today, gone tomorrow, he said. (news.financializer.com). As reported in the news.

gabbard: Kamala Harris's talking points against her during a Thursday interview on MSNBC Live, according to MSNBC. The heated exchange between the two women came the day after Gabbard laid into Harris during the second Democratic primary debate in Detroit. Tulsi Gabbard D., Hawaii told MSNBC host Yasmin Vossoughian to stop using Sen. Gabbard accused Harris of hypocrisy on drug enforcement during her career as California's attorney general. Look, I want to break this down, Gabbard began. Recent Stories in Politics Ocasio-Cortez Chief of Staff Leaving Her Office How to Write the Perfect Passive Description of Chappaquiddick Former DCCC Chair Party's Leftward Lurch Could Cost Dems in 2020Vossoughian pressed Gabbard on pro-Syria foreign policy stance, asking her if as president she would be willing to confront dictator Bashar Al Assad for using chemical weapons against his own people and referencing a trip the congresswoman took to Syria as well as past favorable remarks about Assad. (news.financializer.com). As reported in the news.