Is when Prime Minister netanyahu faces a challenge up to the leadership of the party after failing to form a government. Lets talk about trade and not the usual tensions between the u. S. And china. There is escalation cost true trade wars two trade wars. Move is cutting tariffs, a partly aimed at expanding imports. The news comes as beijing and washington work to finalize the signing of the first phase of the trade deal next month. Japan and south korea agree to negotiate on export controls. President moon jaein and Prime Minister shinzo abe will meet for bilateral talks i tuesday, tomorrow. Joining us to discuss in more detail, bloombergs executive editor for Greater China john liu. Why is china cutting tariffs now . Remind us the process involved. John some of the products include pork, which is important to china. There has been a shortage domestically and we are coming up on chinese new year, peak season for me demand. Getting imports will be very helpful for president xi jinping
Down by about six basis points. Time now for global exchange, where we bring you todays market moving news from all around the world, from hong kong to taipei, from london to new york and washington. Our bloomberg voices are on the ground with todays top stories. In hong kong, a Third Straight day of protests this rep to traffic across the city and shut down Public Schools for the first time. Chinese state media warned of consequences if the violence continues. Going to me on the phone from hong kong is karen leigh. Give us a sense of what is happening there. Karen i feel like i say this every time i talk to you now, but there is a bit of a new dimension here today. Schools were suspended for the first time during these protests. They will not be in session tomorrow. Some universities canceling classes for the month or even the semester. People start to realize that maybe this violence is going to go on longer than just these few days. We saw carrie lam say yesterday she wasnt going to
Next the latest. Hello this is max kaiser this is the kaiser report you remember the wizard of oz and dorothy said if you click your heels 3 times and say i want to be home you get home Something Like that and of course its an allegory about the Gold Standard how apropos anyway just repeating the same entre over and over again has magical impacts stacey yes it has magical impacts throughout history of course during that time was a period of time similar to what ray deleo says were going through again today then 1920 s. T. In 1930 s. And one of the theories or propaganda that emerged during that time is if you repeat a lie often enough it becomes the truth so with that in mind heres a tweet from Paul Krugman Nobel economics laureate debt is money we owe to ourselves debt is money we owe to ourselves debt is money we owe to ourselves that is money that it only makes us poor in aggregate if it crowds out investment which is isnt doing that at our level of about the vote that at that at th
Not ready for a deal. President donald trump says the United States and china are talking on trade, but not at a stage to finalize an agreement, and talking up the economy. The u. S. Administration has pushed back against fears of a recession. Withresident held a call the ceos of jp morgan, city, and bank of america. Plus, the german finance minister says the country could spend millions of dollars in sustained downturn. Less than half hour away from the start of stock trading. A threeday chart here. The yield continues to rise a little bit as market concerns are assuaged by Donald Trumps statement he is talking with china, that the u. S. And china are talking. That is enough to help global rally, although we mentioned, the chinese rate revamping may be affecting chinese stocks. You are seeing big gains across asia. Big gains well, i dont know about big gains. Gains in futures. They are decent sized. 0. 3 percent. P cac futures 0. 5 . Ftse futures a little more. Lets get to mark cranfi
Most since 2008 after accusations of fraud. Matt good friday morning. A historic week in markets. One in which bank of america says we have seen traders rage for safe havens like we have never seen before. Part of the reason why we have seen yields plummet to alltime lows. Nejra what a week it has been. Whipsaw in yesterdays session. We are stabilizing a little bit. Haveabove 1. 5 but we dropped more than 20 basis points on the 10 year yield this week. The curve in birding for the First Time Since 2007. We are above zero now. Close toar yield stays 2 . In terms of other safe havens, that is part of what banc of america was planning to as well. Matt talking about the rush to the yen, rush to gold. The 10 year yield and 30 year yield. We do see the yen strengthening up a little bit against the dollar today. Off. Coming but still relatively close to the record high. A bit of awe see risk on read across futures. Amidst this local bond rally, japans benchmark yield has fallen further below