Lose social distancing measures in indonesia, perhaps having a slower recovery. Were still seeing gains. The sti also snapping out of a whole week of losses we saw yesterday, where every day last week was in the red. But we do see singapore the most affected nation in the nation region in the nation. The nikkei 225, watching the boj, a lot of focus on bond buying. Will they scrapped that ¥80 trillion target and launch that unlimited qe . The yen has been satellite steady ahead of the policy decision. Were watching wan related assets given the speculation of kim jonguns health. We still see strength to the korean won. The berlin be indeed were maybe were at 64 u. S. Cents right now. Ceo market calls with the of dalton in about 10 minutes. Lets get first word news now with Corinna Mitchell in new york. Corinna confirmed coronavirus cases around the world is approaching 3 million, according to bloomberg and john hopkins university. More than 2000 people have died so far, the u. S. Talkin
Even though it might be a happy new year, not so happy in risk assets. Second down day. Dropping the most in more than three weeks. Caution coming into equity markets and risk assets here at the end of the year. Most currencies gaining against it. Edging out. Yield same dynamic where money is moving out of equities but also out of bonds. The10 year yield, it was arrest the stock the financial world. Carlos ghosn was put on trial in japan. Allegations that he denied. The former head of nissan said he fled to lebanon to escape injustice and political persecution. Lets bring in will. Great to have you with us. Carlos ghosn has been under house arrest and was allowed out on bail in april. How did he manage to get out of japan under such heavy surveillance . Surveillances is in the right term for this. Its a mystery. Has his threed he passports so perhaps he escaped from japan using a different name, different passport. But he was under very tight surveillance, house arrest since april. Ver
Countries that help corporations avoid taxes. The federal government is trying to end food stamp benefits for 17,000 70,000 americans. A new revelation could make it harder for states to get waivers. The agricultural secretary said newnew rule will move recipients toward selfsufficiency and into employment. Saysritish Prime Minister security and intelligence sharing will be the main factors in deciding whether to let a Chinese Tech Company build 5g networks. At the nato summit, johnson said he does not want to be or want to u. K. To be hostile to overseas investments, but also has to protect National Security interests. He reportedly put off the decision until after the election in britain. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. From bloomberg world headquarters, im shery ahn. In toronto, i am in for amanda lang. Welcome to bloomberg markets. Here a
Nordstrom, one of the retailers that defined expectations this week, it seems like the market is all over the place with these retailers, to put out a positive vibe for the holiday season. Earningscame out with that pleased the street. A lot of shortsellers likely to get squeezed today. Other consumer goods were up 6. 5 . Smuckers has been punished with the likes of conagra and campbell. Guy in europe, we have stocks higher. Volume looks all right. The pound trading lower. In terms ofk services and manufacturing. We saw a week data coming out of the eurozone. Christine lagarde has been talking in germany, talking about the idea that we need some joined up thinking when it comes to Government Spending and monetary policy. Will that actually deliver . We will wait and watch. Vonnie lets get to hong kong. U. S. Legislation supporting protesters has been drafted and agreed to by both houses. As for President Trumps signature, he is counting amid trade talks with china. I stand with hong ko
Maria we have a big show this morning. Joining the conversation, Deirdre Bolton is here this morning, real clear politics cofounder and president tom bevin and pwc partner, mitch rochell. Thank you for being here. We have a market under pressure as a result of some i guess digestion over this trade deal. Take a look at the markets where were looking at a triple digit decline this morning for the dow industrials. Bloomburg is reporting that china wants more talks before signing phase one of the strayed deal. The u. S. Trade deal. The u. S. And china made progress on friday. China agreed to buy 40 to 50 billion worth of Agricultural Products while the u. S. Will suspend a planned tariff increase set to go into effect tomorrow. Beijing addressing currency and Financial Services concerns but setting aside issues like intellectual property and forced transfer of technology. Senior counsel to the president Kellyanne Conway spoke with me yesterday and heres how she saw it. That would be two a