Crimes that he says japanese prosecutors, government officials conspired to bring him down. The president of the European Commission is warning britain that it will not get the highest quality access to the european brexit,markets after and less make major concessions. En says negotiating a new e. U. U. K. Trade deal will be tough. She also says that what Boris Johnson has imposed makes it basically impossible to strike a new agreement. The cancer death rate in the u. S. Has fallen by the most on record. Advances in treatments prolonged patient lives. The desk death rates of cancer declined 2. 2 . Global news, 24 hours a day on air and quictake at bloomberg powered by more than 2,700 journalists and analysts in over 120 countries. This is bloomberg. Live from bloomberg World Headquarters in new york, i am vonnie quinn. Live in toronto, i am Amanda Langford we are now joined both by our bloomberg and bnm bloomberg audiences. Here are the top stories. A sigh of relief on the comments and
Our bloomberg voices are on the ground with this mornings top stories. We begin in asia. Chinas economy stabilized last quarter, showing greater than expected strength if december. Fourth quarter g. D. P. Rose from the year earlier. Joining us now on the phone from beijing is james, bloombergchina economy editor. Walk me through the details and where the question marks are still Going Forward . Reporter looking at the data that came out today, it really was a surprisingly strong finish for 2019, for chinas economy. I think if we look past the g. D. P. Numbers, chinas g. D. P. Is more a political target than a real indicator of whats going on. If you look at the retail sales, Industrial Production and fixed investment numbers, there was a bit of a rebound in december. Sort of ending the year on a high note. A part of that was, i think, the chinese numbers efforts to sort of support companies is working and also i think the optimism you may have seen in december from the signs that the t
Looking for continued strength. City did guide up to the higher end of the range for its credit card charge off portfolio. We are coming off extremely low levels that were unsustainable. Wells fargo is down in trading. Is that just because of the legal charges . Allison legal charges is part of it, also no visibility on operating charges. It is not surprising they are not giving any commitments at this stage. It is also not surprising that you would see a lot of charges as a new ceo comes in and tries to put the past behind them. I think the size of the legal charge was surprising to some. The question is is this it . Is there more to come . I was on and off the call so im not sure we have got a number for the losses beyond reserve or any indication on that front. The question is already getting the worst behind us. David often it comes to a reset with the new ceo. Thanks very much. Now we go to Brooke Sutherland on the boeing story. You have a great piece on the new ceo, calhoun. Broo
Where we bring you todays market moving news from around the world. From hong kong to beijing to london to washington our bloomberg voices are on the ground with this mornings top stories. Start right now with hong kong with the citys financial chief said the economys set to contract in fourth quarter. Jeff joins us from hong kong on the telephonement welcome. Give us an update where we are. And how the economys doing there. Jeff good morning to you. The economy is hoping to see some kind of stabilization in the coming weeks. But the damage has already been done in the third and fourth quarters this year. We have only just seen a relative easing in the protests. But we are a long way from having an all clear or any kind of resolution to the political standoff. That means that the tourists and the spending that are the core of this economy, they are not going to return soon. We may see stabilization but it will be lower levels. David thank you so much. Jeff black reporting from hong kon
He will continue to put his selfish interests above the good of the country. We must act without delay. A judge in new york has thrown out all metaphors. Trumps was President Campaign chair. He was convicted into federal cases stemming from his business dealings and serving a seven and a half year prison sentence. The lawyers argued the state charges should have been dismissed. They involve some of the same allegations as federal cases that landed him behind bars. We will take a look at indias act. Protests have been protesting below. It is discriminatory because it bars undocumented muslims from pakistan, afghanistan, and bangladesh to seeking citizenship. It allows others to do so. The Prime Minister has pledged to push ahead and implement the law. Teens is vaping among more than doubled in the past two years. According to the university of michigan, one out of five High School Students has vaped marijuana in the last year. Marijuana vaping has been growing faster than nicotine. Loca