Business and Market Discussion / View from Australia

President Trump has lauded the Phase 1 US-China trade deal as “one of the greatest trade deals ever made.” He tweeted that the deal was “also good for China and our long-term relationship. US$250 billion will be coming back to our country, and we are now in a great position for a Phase Two start. There has never been anything like this in U.S. history.”

Vice Premier Liu He said China has little interest in immediately starting talks on a phase two deal with the US. He said, “we might get nothing if we rush to a second job before the first one is properly done. I don’t think it's a wise choice to impatiently launch new stages of talks."

Microsoft has promised to remove "all of the carbon" from the environment that it has emitted since the company was founded in 1975. Chief executive Satya Nadella said he wants to achieve the goal by 2050. And the company will become carbon negative by 2030, removing more carbon from the environment than it emits.

On today’s Money Talk we’re joined by Francis Lun of GEO Securities and Peter Churchouse of Portwood Capital. On the phone from Sydney with the view from Australia is Toby Lawson at Societe Generale Australia.