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
But youve got to imagine strategically the fact that theres an impeachment inquiry now open on the president and at least in theory there is some statistical chance that theres a removal of a president , although everyone reviews as extremely unlikely here, if youre the chinese you might think lets wait and see what happens. Flip that and look at the incentives facing the president. Hes facing a situation where he wants to prove that he is delivering on the economy for the american people. He may now need a deal, need a victory here politically and economically more than he did a week ago, so the pressure on him might be to get a deal even if its not as good as he might have set out for initially but this president has been very focused on this and said hes only going to take a deal if he feels its a win for the american people. Eamon javers outside by the flags doing great work today keeping our viewers attuned to the news appreciate that. Good morning once again, everybody. It is 8 0
Welcome to daybreak australia. I am how he stroudwatts haidi stroudwatts. I am animal jewelers in tokyo. Annabelle droulers in tokyo. Jay powell again signaling rate cuts will happen this year. The fed chair suggesting significant changes to the capital plans fiercely opposed by wall street banks. Haidi struggling lender n. Y. C. B. Getting a vote of confidence. Annabelle chinas top economic officials defend their ambitious target and hint at a liquidity boost to help get there. Haidi lets get you straight to the markets. A pretty reasonable set up in asia and we have a bit of downside as we get into the first part of the staggered trading session here in sydney, about. 2 author straight into the middle of trade. We are expecting a rise across the region. Interest rates will likely fall this year. Theres been so much managing of excitation 10 excitations in terms of the timing and the extent of easing we can expect from the fed and we have seen some of that drastic repositioning within
Annmarie hordern. Jonathan good morning, good about strategies to expand margins. I am actually very optimistic morning. This is bloomberg surveillance that margins will grant you only alongside Lisa Abramowicz and gradually expand. Annmarie hordern. The s p positive by. 3 . A two day losing streak on the s p 500. The biggest oneday loss on the there is this major focus on s p since the middle of expanding margins. February. The nasdaq 100 the biggest move lower since january. We have chairman powell volume lisa your overweight risk one and volume two in the next 24 hours. Lisa i have to say about the assets piling on, shrugging off selloffs, is that a viable dip . All of the doubletalk. Does it count as a dip . Are they the toxic ones at a this is the conversation we will time of concern for a longer have with jay powell. The question is if his threshold has changed if the january cpi period of time . The have a significant concerned him in the way it seems to be concerning the market
Members to increase their defence spending to 2. 5 of gdp. Defence spending to 2. 5 of gdp. More than 9000 migrants have crossed the English Channel in small boats this year. Official figures show 250 people made the journey in two small boats since monday, taking the tally for 2024 to almost 8800. However, gb news can confirm another three small boats arrived on thursday and making the current total 35 higher than at the same time last year. It comes after a home office u turn on the publication of the number of small boat migrants being prevented from making the illegal journey by french police. And fifa has been french police. And fifa has been threatened with legal action if it does not reschedule next years expanded Club World Cup match. Leicester city and chelsea are now taking part in the 32 team competition. Its scheduled for the United States in june and july. However the International Players union and the world leagues organisation , the world leagues organisation, which inc