Largest economy in europe for 2019. There are more concerns about the global trade deals than there was yesterday. You can see european stocks pretty much flat. The dollar pretty much a steady. We are getting some data out of germany shortly. We also speak to the dallas fed president , Robert Kaplan at 3 30 p. M. London time. Lets get straight to the bloomberg first word news. Now, u. S. Story for tariffs on china staying put. The Trump Administration is likely to keep them in place until after the president ial election. Any relief is also contingent on compliance. Steven mnuchin and says tariffs wont be removed until the next stage of a trade deal. These tariffs will stay in place until there is a phase two. If the president gets a phase two quickly, he will consider relieving tariffs as part of a phase two. It has nothing to do with the election or anything else. Today, the u. S. And china are scheduled to sign their phase one trade deal. 1 billion is the figure by which jp morgans
From friends to frenemies, President Trump with a bone to pick with tim cook and something that has not been done since 2012. That and more as Worldwide Exchange begins right now good morning. Welcome to the show. What you are seeing are live pictures on your screen of our nations capitol where in hours, the u. S. And china will sign that highly anticipated trade deal set around 11 30 a. M. Eastern time Steven Mnuchin spoke to reporters last night weighing in on the news that the u. S. Will maintain tariffs on chinese goods until the completion of a phase two u. S. Trade agreement if the president gets a phase two quickly, hell consider releasing tariffs as part of phase two, if not, there wont be any tariff release. There is nothing to do with the election or anything else. No secret agreements youll hear more on sn from Steven Mnuchin on squawk box around 7 45 a. M. At 9 30 a. M. Eastern in a first on cnbc, National Economic Council Director larry kudlow will join squawk as well ahea
Its wednesday, january 15th and fbn a. M. Starts right now. Keep on turning. Proud mary keep on burning. Rolling, were rolling, were rolling on the river. I tell you were rolling, rolling, rolling on the river. Cheryl lauren we are rolling this morning. Hell welcome to fbn a. M. Im lauren simonetti. Cheryl rolling into wednesday. Good morning. Im cheryl casone. Lauren the dow is up 32 points yesterday, small declines this morning ahead of earnings from bank of america and Goldman Sachs. Dow down 49 points. The chinese delegation in washington to sign the trade deal. Cheryl asian markets, there has been optimism so far this week until today for asian markets. Some other issues going on. The nikkei down half a percent. Hang seng and kospi in the red. Lauren as were waiting for ink to paper for the phase one, the ftse is up a quarter of 1 in london. Cheryl breaking this morning, it is our top story, the u. S. And china set to declare a trade truce today. The two countries going to sign th
Im laura garcia. And im marcus washington. Kari has been tracking the storm for 24 hours. Now it is clear. But it is also very cold as you head out of the door. And this is ahead a cold front and a strong storm system will be set to move in later on tonight. So hourbyhour today, for the most part we are dry. Well see more clouds moving in. Cool temperatures. But then the rain arrives in the north bay during the overnight hours and then moves into the rest of the bay area by this time tomorrow morning. So well be racking this over the next 36 hours. It would bring in heavy rain. Details on how much rain we may measure in a few minutes. And mike so far it is all clear on the roads. Same start as your report. Right now it is clear. For the fast track lanes. But the cash lanes in the last ten mauk pes ive seen a few cah payers have to start to wait and we have one cash lane to the left not yet open. Sometimes we see two but so far back to standard and there is not need with a lot of traffi
Markets are not going anywhere, the european stocks are flat, the pound is flat against the u. S. Dollar, this despite some week inflation today and another member of the bank of england coming out and talking about a rate cut coming from the bank. The expectation that we will get another cut is growing. The ruble as well, we saw some movement. The Prime Minister will be stepping down with a lot of questions surrounding why, and what that means for president Vladimir Putins future. Everyone is waiting to see that trade deal get signed. Vonnie lets stay there, a president assad to sign President Trump is set to sign the phase one trade deal in the tower. The agreement would lead leave significant tariffs in place and would punish beijing for failing to deliver on key pledges like currency, and intellectual property. Steve mnuchin spoke about the issue of future tariff rollbacks earlier today. As part of phase two, there will be tariff reductions as part of that. Thats the incentive for