Today, along with utilities. The dollar index weaker. Lets get to the markets now. Joining us in studio is Dennis Debusschere, evercore isi head of portfolio strategy. We have a great piece on the bloomberg today talking about the decade beginning with everything crumbling and a lot of panic, and now we are heading into a new year when apparently nothing can go wrong. Dennis i think part of the reasons the market is acting like that is because people think everything is going to go wrong. That has created what we call the silent melt up. This is actually related to the fire and ice title, which i think is excellent, because there has been a complete change in the relationship between bonds and equities. Bonds are longer duration assets as they had against lung equity exposure globally. That is usually a deflation hedge. Deflation was not something that existed preGlobal Financial crisis. There areist now, and only three Asset Classes you can hedge for deflation. That has anchored 10 ye
Crown the world from all around the world. Our bloomberg voices are on the ground with all this mornings top stories. We begin in china, where the government signals a cash injection is on the way to ensure a strong start in 2020. At a meeting in china, the premier said the resiliency is continuing. The chinese economy is resilient. The Chinese Market is huge. We are determined to open up further. We will reach a winwin relationship with other countries, especially with our neighbors. Alix joining me on the phone is sharon chen, the beijing bureau chief. What have we learned from his speech . Give us a backup of the bilateral meeting. Sharon it basically signaled there are going to be product cuts with the amount of cash the banks have to keep as a reserve. Lending to the private sector is a huge part of the economy that china needs to shore up. It accounts for nine out of 10 jobs every year, and it comes after china already promised wideranging set of initiatives that will boost the n
Build again. You want to see noises around the government bringing the deal back to the table with hopes they can pass the bill in a short space of time. As we have heard, if we do look welcome to daybreak europe. Lets get to those akzonobel like we are going into a long numbers. One of the key things to look at is that akzonobel said it is extension, the general election does become more likely. Making Good Progress toward its for sterling investors, that goal for 2020. Adds back uncertainty to the to that is a big question for the table. Election could perhaps investors, whether that goal can be met. That is something to look into. Thirdquarter revenue coming in at 2. 4 billion euros. Mean a pause if not a pullback a beat on the estimate of 2. 3 6 in sterling. What would it take sterling to 140 . Billion. Thirdquarter adjusted operating 140 is the top of the range. Income at 300 Million Euros. You have therio, that is softer than the estimate of 303. 8 Million Euros. Bill passing, yo
Cnns diane gal terr, we are learning at least one campaign plans to ask for a recanvass of the results . Reporter yeah, ana, look, they may be ready to put the caucuses behind them, but at least one campaign, that is senator Bernie Sanders, has said you can expect some action from them tomorrow, telling or colleague ryan nobody else in the past hour, they do intend to ask for partial recanvassing on precincts where they noticed some discrepancies. Look, the iowa party was looking at discrepancies that were presented to them by campaigns of sanders, also senator Elizabeth Warren and former mayor Pete Buttigieg, as well as some county chairs. There were those things theyve been looking at here. They feel comfortable with the results, saying this is what they were able to do after revising about 3 of the total presentence in the entire state, and they said at this point they do believe that, again, mayor buttigieg would come out ahead of this, but its important to say these are not set in
Bill like this again. And as the parkland students descend on washington hey hey, ho ho, the nra has got to go. A preview on the myself march for our lives starts now. Good evening, im joy reid in for chris hayes. As we learn more and more about donald trump from women who say they had an affair with him while he was married with a young child, trumps behavior as president is becoming more erratic and unstable. As the clock ticks down to a 60 minutes interview with Stormy Daniels less than 48 hours from now, many are anticipating things will get weirder. Trump does not daniels to tell her story. He sued her for 20 million last week claiming she violated one of trumps infamous nondisclosure agreements. But his efforts have failed. The interview will air this sunday at 7 00 p. M. Eastern and last night daniels lawyer hinted at whats in store tweeting a picture of a disk inside a case with the ominous caption if a picture is worth a thousand words, how many swords this worth. Just moments