Have set new alltime highs today with corporate earnings sending some mixed messages to investors. And the target miss rippling through the market, were seeing some take a hit. Joining us for the full hour, paul hicky, cofounder of the spoke Investment Group do you see any interplay between these big stories that were watching today so i think combined, they play into themes that weve been looking at coming into the year. So the pros and cons of the market heading into 2020 now, were pretty much evenly split. And the target could be a sign that maybe the economy is a little bit weaker than people are seeing were seeing weaker than expected data. On the positive side, were seeing the market continue to hit new highs. And the number one positive we look at is dont fight the tape. When we see new highs like this, you dont want to fight the market and trade is important its not necessarily a positive or negative, but at least weve got this behind us and theres very little in the way of exp
Cheryl veronica . I hosted so im ready to be done. We have a lot of news coming up this morning. Our top story this hour was, well, it was christmas, americans spending more money online for the Holiday Season, ecommerce sales jumped more than 18 compared to last year overall. Holiday retail sales excluding cars rising more than 3 . Thanksgiving did fall later this year which pushed a lot of retailers to start sales earlier. President trump touted the news, heres what he tweeted. 2019 Holiday Retail sales were up 3. 4 from last year. Biggest number in u. S. History, congratulations, america. Veronica, your reaction in the middle of all this political abusinesabyss thats happening , you have an economy and consumer thats on fire and we have numbers to prove it. It sounds like youre trying to get away from washington but this is great for the party of washington, for republicans, for the president. This is a great economy for him to be going into 2020 with. Theres a ton of devi divisiven
Speak the ways and Means Committee will now come to order good morning we will consort considered a historic usmca the high watermark with trade deals moving forward it is the result of more than one year House Democrats and the ambassador light heiser who worked with us every time we met. Im very proud of the outcome we have reached. When we assume the majority this year we were asked to consider a renegotiated nafta in a number of areas including enforcement the environment and access to medicines that we start with enforcement as noted many times i did not vote for the original nafta and the chief reason was the lack of enforceability. The past 25 years we have seen the shortcoming much of which comes down to lack of enforcement in my view the improvements to the usmca finally makes the agreement enforceable n by preventing a country to block a nation dispute settlement attempt. Nafta has been symbolic and over 25 years there have been 39 petitions filed with zero enforcement action
Hello at least 2 people have been killed in the eastern democratic republic of congo where gunfire has been heard as locals again marched towards a u. N. Base so they were heading to the peacekeeping compound near the airport in beni one of 2 bases in the city congolese government soldiers blocked them from getting too close demonstrators have been targeting u. N. Peacekeepers there for more than a week saying theyre failing to protect civilians from attacks by rebel groups that speak to aljazeera as producer and now you can ease him bennys joining us on the telephone with an update from there just an hour ago you were saying thats you can still hear gunshots whats going on right now and. Now sedition is a little bit quiet we can see soldiers and Police Patrolling to get the call to name some boys the soldiers are saying that. Some are left off more than 5 boys. 5 were violent and some of them are from to be shot pups this is that really what we have been saying that. Some of the milit
The currency is also higher but it has taken over the conversation and brazil. David he said brazil and argentina were devaluing their currency. What has the central bank been doing . Julia the central bank has been trying to pop up the currency. It has late due to several factors, including the dollar being strong worldwide. A lot of it is not tied to brazil. There was some disappointment in the oil option. There were a lot of factors behind it. Argentina had the election earlier in the year and have currency controls for a while. They are not doing anything. The central banker is speaking at a luncheon and has just reiterated that the brazilian is a Floating Exchange currency we only intervene when there is dysfunction. David give us a sense of how important steel exports are from brazil to the United States. Julia is one of the biggest export products between brazil and the u. S. , the secondbiggest, trailing only oil. In terms of civil exports as a whole, it is not a lot. Brazil ex