Highest level in two years trade headlines have us on record high watch for the s p, a closer call for the dow and nasdaq and would be the 27th record close of the year for the s p. Joining us for the other, stephanie link, good to have you here this afternoon. What does it mean . The computers take each headline as if its fresh what a difference a year makes is all i have to say last year we had tight fed policy, no idea what would happen with trade. This year we have much more accommodating fed and seems were getting some pieces of certainty on trade may not be what we want but making progress. Now i would argue a lot of this is priced into the market given weve had Market Expansion on the multiple but, you do not fight the fed and at the same time the ism and pmis are stabilizing and the data this week has been pretty good on other data points on the economic front we might have risk to the upside in growth for 2020 and thats why the cyclicals are rallying ive been biassed, its been
Will we had that 2 as we continue to get a trade deal . Time now for global exchange, where we bring you todays market moving news from all around the world. From hong kong to beijing, london and washington, our bloomberg voices are on the ground with todays top stories. In asia, chinese economy is showing signs of stabilization and regaining some kind of growth momentum in november. Chinas Industrial Production and retail sales both meeting estimates. Joining me on the phone is in an. Current is enda curr give me some of the details in the data dump we saw overnight. Enda these clearly signal that the economy is ending the year on a better note. 8 . Il sales climbed Industrial Production rose 6. 2 . Theres some caution around the fixed Asset Investment number, which only grew 5. 2 , but nonetheless, the take away among economists was it showed that the stimulus the government is rolling out is having some traction. There were some seasonal effects as well. But when you have a trade ag
Really important medicines. This has been going on 20 years. Andave had hundreds hundreds. One of the medicines and shortage right now is a really important blood thinner that hospitals use every single day. There was an article in a local newspaper about a boston physician saying i do not know if we can do cardiac surgery two weeks from now if we do not have this product. We are walking on a very thin line. We have had shortages of chemotherapy to treat cancer in children and adults. We have had shortages and right now, there is a shortage of a really important antibiotic to treat a lifethreatening infection. These are life and death medicine. Sometimes, we cannot get them, and we are rationing. In therationing medicine United States of america. Really remarkable. Host is this hyperbole or is is a real, existing problem . In washington, we hear a lot of talk from a lot of Different Industries saying that scott is falling here, the sky is falling their there. Is is a real problem where
Hastings center. Good morning. Guest good morning. Great to be here. Host tell us about drug shortages in the United States. What drugs are we talking about. What drugs are we short on . Guest in the United States of america, we have a shortage of really important medicines. This has been going on 20 years. Andave had hundreds hundreds. One of the medicines and shortage right now is a really important blood thinner that hospitals use every single day. There was an article in a local newspaper about a boston physician saying i do not know if we can do cardiac surgery two weeks from now if we do not have this product. We are walking on a very thin line. We have had shortages of chemotherapy to treat cancer in children and adults. We have had shortages and right now, there is a shortage of a really important antibiotic to treat a lifethreatening infection. These are life and death medicine. Sometimes, we cannot get them, and we are rationing. In therationing medicine United States of amer
Years end after more than 30 years with the chicago pd. All eyes will be on china and madrid. Almost 200 countries will be there for the United Nations climate talks. China is in focus for several reasons as the largest investor of Renewable Power but also the worlds top carbon polluter. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. China is im Mark Crumpton. This is bloomberg. It is 1 00 in new york, 6 00 in london, 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories we are following on the bloomberg and around the world. Checking the pulse of americas factories, manufacturers feeling the pain as ism data contracts for the fourth straight month. U. S. Stocks in the red. The s p 500 heading for its biggest drop in two months, as President Trump says he is resuming steel and aluminum on brazil and argentina. On