A deal was close or the talks are going well in order to bring the market back up and thats exactly what happened on wednesday after the president made his statement to reporters at a meeting of nato leaders in london so the president said quote discussions are going very well and well see what happens and then sure enough proof like magic stocks rebounded on wednesday as the president also indicated that the 2 sides are closer to agreement on how many tariffs would be rolled back in todays one of the deal and another trade deal on the horizon the Japanese Parliament on wednesday approved a trade deal with the United States which was negotiated by that you could use leaders earlier this year the deal which cut tariffs between the 2 nations will go into effect at the start of 2020 after the deal was made between President Donald Trump and japanese Prime Minister shinzo abbay in september the us president said the trade deal will open the door for 7000000000. 00 in u. S. Beef and Agricul
Deal, there is a little bit of confusion to put it mildly. What to make where we go from here, pacer etf president sean ohara. What do you make of back and forth on the trade front first off . Neil, thanks for having me. Trade front is the headwind to the market all year. Back and forth because we had a deal, we didnt have a deal. Looks like now we have at least a phase one deal. I think market would like to see that nonsense and that distraction put behind it. So we focus on bigger issues. Will we have earnings continue to slow or have they bottomed and picked back up early next year so the market figures out direction they want to go. Neil looking at estimates for next year, first and second quarters, looking close to eight to 9 s that doable . I think so. That is what everybody is thinking. Keep in mind, neil, the estimates we see consistently you know report what the actual earnings come in at. 30 straight quarters now of surprises on the up side if you will. I wouldnt overuse the
The deal. And another trade deal on the horizon the Japanese Parliament on wednesday approved a trade deal with the United States which was negotiated by that you could use leaders earlier this year the deal which cut tariffs between the 2 nations will go into effect at the start of 2020 after the deal was made between President Donald Trump and japanese Prime Minister shinzo abbay in september the us president said the trade deal will open the door for 7000000000. 00 in u. S. Beef and Agricultural Products to be sent to japan with tariffs lowered or removed on beef pork wheat cheese corn and wine now in the deal a 2. 5 percent tariff on japanese vehicles will still remain in place japan is currently americas 3rd largest trading partner for foreign products importing roughly 14000000000. 00 worth of products per year now joining us to discuss the latest in the u. S. Trade is Richard Wolffe lesser of economics at the university of am hurst and host of the air. Nomic update professor wol
These are your markets. There seems to have been the u. S. Saying they will remove the threat in china, which is why we have seen a little bit of moves. Awaye exactly seven days from that election. Opec meets in vienna, brent crude at 62. 91. Moncler, really the stock of the day after that report that kering, the owner of gucci, was interested in buying moncler. They do jackets for the winter, skiing jackets now turned into fashion. That stock price has gained 9. 2 . Moncler at 42. 40 two. Coming up, we talk all things fx. It thing or two to say about the pound. We will also talk about emerging markets. Lets get straight to the bloomberg first word news in new york city. We begin with fiscal stimulus. Japans government pulling out all the stops. Tokyo announcing measures to support growth as the economy contends with an export slump and the fallout from the sales hike. We have learned the total package amounts and is expected to boost growth by 1. 4 . An unexpected hold in india. R. B.
What a wonderful crowd filled with so many people. We are glad to have you here. Thank you for that introduction. It is my pleasure to welcome you to the building on behalf of all the staff connected with the National Museum of africanAmerican History and culture. Happy third anniversary. It is a great day for the museum and a great day that never would have happened without the help of all of you in this audience supporting us and encouraging us to move forward. Several months ago, 90 days ago i was at george mason university, and finished my career there. I got a phone call from the director of National Museum of africanAmerican History and culture. A good friend. He told me something that made my heart sing, that he was about to be announced as 14 secretary of the Smithsonian Institution. For me it couldnt have been more exciting except he put a link or in there. He asked me, to go the way to the mall. When lonnie bunch asks you to do same thing all you say is yes and that is what i