Saying. We are getting headlines out of the iea. It depends on what is happening in the middle east given what has happened in iran and the last 15 days. The International Energy agency saying the oil supply is a vulnerable as middle east tensions flare up. Ieas always good to see the thinking. You can see the brent. Stocks are gaining 0. 4 . We are we have to see and i will show you later that we have a tight range when it comes to treasuries and dollar pound. Significant one because there is more bets that the bank of england will cut rates in january i believe january 30. Coming up, we hear from the chief executive of allianz. Something you do not want to miss. That is coming up a little bit later. Lets get to first word news. Viviana we begin here in the u. S. , the house of representatives sending two articles of impeachment. It is the first step to begin Donald Trumps trial almost certain to end in acquittal. Chief Justice John Roberts of the u. S. Supreme court will preside over
Barbara doran from b88 Capital Partners good to see you, barbara less than two weeks until the official u. S. China trade talks kick off and a new wrinkle as to what will actually happen when both parties meet. It is definitely a new wri wrinkle today. For me the bigger concern emerging is what happens to the consumer all of the consumer data this week was pretty terrific, except for Consumer Confidence numbers. Housing, et cetera, we continue to have strong wages, growth, that sort of thing but for the first time, were seeing Consumer Confidence down a little bit, consumers and surveys are saying, hey, trade issues have crept into their head and, you know, my real concern is the margins of companies, if they start to do layoffs, that hurts Consumer Confidence, and stops spending and that is the underpinning, which by all accounts, we all agree. By the way, the china has got markets spooked. Nasdaqs down 1. 6, the laggard of those indices. Bob is with us for the full first hour, which
111 points the s p 500 up slightly, 0. 24 financials lead the charge up 1. 1 joining us for the full hour to break down the Market Action is jim lecamp lets start with the g20 meeting. You think the market could pull back 20 if trade breaks down . I think the market is not prepared for that at all and weve got a lot of complacency in the market. The markets are trading not far from alltime highs now. We dont have one reason to think a deal is going to be done or be real over the weekend. The good news is that china might have better impetus to do a deal now that they have these problems with their food chain they have problems with the port they have capital outflow that is are accelerating in their country. They have some Serious Problems and they do want to do a deal. A lot of people think theyre going to wait until trump is out of office, try to negotiate with the next one i dont think they have the time to do that i do think a time will get done. If it doesnt i think the market is
Slow, hard progress it meantime, opposition is real in the middle east and here in congress. Will we achieve a deal, and what are the implications of success or failure . Joining me now from washington is Suzanne Maloney with the brookings institution, and from cambridge massachusetts, gary samore the executive director for research at Belfer Center at the school. I am pleased to have them both on this program. Welcome. Let me start with the question of the latest pickup pickup hickup, in one issue that has become very prominent is the question of the removal of this u. N. Arms in bargo embargo. Suzanne, why has that got in all of the attention over the past couple of days, it is this an issue that can scuttle the deal . Suzanne maloney i think you are right that this is the most interesting item. There have been any number of issues that have been seen as obstacles, which both sides have focused on in their public statements. First, the technical issues surrounding their hip abilities
In the middle east and here in congress. Will we achieve a deal and what are the implications of success or failure . Joining me from washington is suzanne maloney, a senior fellow at the center for middle east policy at brookings. And from massachusetts gary the executive director for research at the Belford Center for science and international heirs at harpers affairs at harvards international school. I am pleased to have them both on this program. Welcome. Let me start with the question of the latest hiccup. It seems to me one issue that has suddenly become very prominent is the question of the removal of this u. N. Arms embargo. I have not seen this much focus until recently. Why has that got in all of the attention over the past couple of days . Could this scuttled the deal as a whole . Guest you are right, this is the interesting wrinkle in this stage. There have been any number of issues that have been seen as obstacles and which both sides have focused on in public statements.