China accounts for about a fifth of global economic output, a third of global oil imports, and the largest share of global exports. That means that any time the Chinese economy shudders or stumbles, the shockwaves circle the globe. And China is most certainly shuddering.
Our puppet 2020 contenders find common ground on the key attribute the next U.S. president should have. Here's a hint: It involves moth balls and hard candies.
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Ben White, Chief Economic Correspondent for Politico, offers his analysis on today's big stories in US Politics:
Is the US-Iran crisis over?
I would say no, it's not over. It certainly de-escalated with some help from the Swiss as intermediaries. But Iran could still look to strike back really at any moment, on US oil interests, through cyberattacks. The nuclear deal is still nowhere. So, de-escalated, not over.
Who do you trust more with your money: Mark Zuckerberg or your country's central bank? It's not just a theoretical question: When Facebook launched its Libra digital currency project back in June, we predicted it would provoke a sharp response from governments.
Will Congressman Justin Amash's call for impeachment change anything?
I don't think it fundamentally changes anything. It gives Democrats a little cover to say there's bipartisan support for impeachment but not a lot of Republicans are going to jump on that train.
Can Joe Biden win in the industrial Midwest?
He absolutely can. He's got a lot of blue collar support. Trump's trade war is hurting him across the industrial Midwest. So Biden's a real threat to Trump there, if he gets the nomination.
Will abortion be a big issue in 2020?
Well now it will, with the restrictive law in Alabama and elsewhere. That's going to galvanize the women's vote. Probably get some evangelicals even more excited for Trump. So yes, big issue 2020.
Final question today is - The Rant. And my rant is on President Trump tweeting today about how all of Wall Street wanted to do business with him but he just liked Deutsche Bank better than the rest. Simply not true. Banks across Wall Street stopped doing business with Trump because he was too much of a risk. And they just didn't want his business. So surprise, surprise, Trump is tweeting things that aren't accurate.