On the day could be the reemerging trade war between the u. S. And china, china saying it will slaps sanctions on defense contractors. On this we have greens and other commodities lower, along with stocks. The chip index is a poster boy for the u. S. China trade war that is underperforming, down 2. 5 . That is another nuance developing, as if we needed more. Guy talk to us about david talk to us about the bonds. Last week we were talking about the reflation trade. We saw the 10 year goa above 85 basis points. Now i see it below 80. What happened to that trade . Abigail that is the bid for bonds. That tells you some traders are nervous. They are hedging around not just today but last week. That is why we had bond selloff last week. The yield curve steepen spirit we had stocks down. The nasdaq 100 down for the first time in five weeks. Todays trading action is a continuation of what we did have last week, and it is interesting. Another piece you and i were talking about last friday was t
Said he will vote no on the new trade agreement. I just want to stress that this should not be attemp be a e for future agreements, not the way we approach trade in future. We should look to expand trade. David bringing in republican congressman jim banks in indiana, i assume you are in favor of the deal, you heard senator tumi what do you think . He does not say anything about merits of usmca which is really good for United States of america, our economy and our workers. I grew up in a home, a son of factory worker where nafta was a 4 letter word when i was a kid. My dad is as happy as anyone that donald trump fulfill one of the Biggest Campaign promises he mad to replace nafta with usm. There are political consequences to this and policy consequences to passing usmca as well. This at the end of the day this is a big win for the president and country. Thank you congressman. I think pat tumi, wont of his concerns is lack of protection from biologic companies. There are many side issues
Of those around, yes, cloudy looking skies and at times thick enough for the odd spot or two of drizzle. All the details coming up a little later. Good morning. Its sunday the 24th of november. Our top story the conservatives will pledge not to raise the rate of income tax, National Insurance or vat when they publish their election manifesto this afternoon. Borisjohnson has also said he wants to bring his brexit deal back to the commons before christmas, if the conservatives are returned to power. Our political correspondent, nick earley reports. What would he do with power . This afternoon Boris Johnson what would he do with power . This afternoon borisjohnson will what would he do with power . This afternoon Boris Johnson will unveil the conservative manifesto. His basic message, deliver brexit and move basic message, deliver brexit and m ove o nto basic message, deliver brexit and move onto domestic priorities. He will pledge that the bill that will deliver brexit will be brought ba
One of the leaders in gaza. Israel has killed 23 palestinians in the territory. Venice suffers its worst floods in half a century, the second highest tide ever reported in the mayor is blaming Climate Change. Electric carmaker tesla will build its nuclear factory near berlin. The ceo says he is plugging into germanys reputation for excellence in engineering. Im brent goff. To our viewers on pbs in the United States and around the world, welcome. We begin with high drama and history being made on capitol hill. Lawmakers have begun the first public hearings in the impeachment inquiry against president donald trump. Democrats are trying to group you brute he abused the office by threatening to withhold millions of dollars in aid to ukraine unless the government investigated the family of joe biden. Lawmakers are hearing testimony from two top diplomats. Trump has called this process a witchhunt. Democratic House Intelligence Committee chairman adam schiff highlighting what is at stake whe
Utility industry get ready to pedal and accelerates to 80 kilometers an hour. Im going to get jones welcome to the of business starting with the latest news from boeing the plane maker is to spend almost 5000000000. 00 compensating airlines that have been affected by the grounding of the 737 max the model had its Regulatory Approval withdrawn back in march after it was involved in 2 fatal crashes linked to Faulty Software thousands of flights were canceled as a result boeing which is also facing dozens of lawsuits brought by Crash Victims families is due to announce its Quarterly Earnings next week. But here on the ground b. M. W. Has a new c. E. O. Last night the comic is a Supervisory Board promoted production chief all about substitute chief executive officer of a manufacturing expert is expected to help the german car maker make the shift to electric and self driving cars and to tackle new competition from technology giants. The new boss is a familiar face all of it sips is already