0:00
Bu i'r c-rwch yn cyfyniad, yr gwaith bethoff won eithraeth o caw prosydd young
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ar unadu dim yr yn gwas han o ddllwch.
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Ar u dwyn gwneud ymfaith y pwyrddol ar unadu dim'r ganfod yn fisiadol
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yn gwybod yn ddidd ymfaith ddim yn ffinentio,
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o'r yw gymdeddol y wnennyg gwybod yn yr ymfaith dd lewn.
1:20
However, Trump's focus on measures to bring down oil prices certainly suggests that economic
1:26
forces will push the administration towards attempting to exit the war sooner rather than later.
1:35
In the world of economics, China's February trade figures were stronger than expected,
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both on exports and imports. This is pre-war data, of course, but again,
1:45
it emphasizes just how unilateral the US trade war is. The world is trading more or less
1:52
nicely with one another, and US tariffs have made that country an outlier.
1:58
It's also notable that these trade figures generally come before the IEPA tariffs were
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ruled illegal in the States, something which had the effect of lowering the tax that US
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importers have to pay on goods coming from China. The strength of these figures may help China
2:15
achieve its growth targets this year, but they might also create some tension with the states
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ahead of the proposed summit between Trump and China's President Xi.
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German trade data for January in contrast was somewhat weaker than had been anticipated,
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although the market consensus is only made up of nine forecasts, and they're all over the place.
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Unusually, the previous month's data was not revised higher. However, there were stronger
2:44
exports to the states within that picture, again casting doubt on the effectiveness of the US
2:50
trade policy in encouraging, for example, on shoring of production.
2:57
There is little helpful economic data coming out of the states today, although the daily retail
3:02
gasoline price is getting attention for obvious reasons. Some investors believe that the higher
3:08
that goes, the quicker the end of the war with Iran. The National Federation of Independent
3:13
Businesses small business poll is at risk of extreme political partisanship on top of
3:19
reliability issues that come embedded in all survey polls. Existing home sales data is normally
3:25
only of background interest to financial investors. That's all for today. Have a good day.
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3:41
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3:50
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4:07
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4:17
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4:24
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4:32
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4:39
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4:45
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