Australias ambassador to the u. S. Joe hawky talks about asiapacific trade relations under the Trump Administration and argues its important the u. S. Is part of the Transpacific Partnership or tpp. Good afternoon, everybody. My name is kef levineson. Im the executive director of the International Washington trade association, the Membership Association for the International Trade community. Thank you, ambassador hockey and your wonderful embassy staff, they do a great job here in washington on behalf of your government and were very grateful to them for everything they do, thank you. We would also like to welcome those of you watching on cspan. If you dont know, were the nonpartisan neutral forum for the discussion of trade and Economic Issues and weve had a very busy few months and the last year has been quite eventful on the trade agenda. Over the next five weeks well be hosting five separate events and looking at the congressional trade agenda and the implications for tax reform an
Yours biggest bank. Europes biggest bank. Europes biggest bank, hsbc, has reported a big jump in profits for last year. But its mainly because its been able to shake off the huge costs the company has faced in restructuring after a string of problems. It means there will be a strong base to build on when the new chief executive, john flint, takes the reigns from stuart guillver on wednesday. The numbers show that hsbc made a pre tax profit of 17. 2 billion for the calendar year of 2017. Thats up a massive 1a1 on the 7. 1 billion in made the year before. However, its still below expectations. The bank says adjusted pre tax profit of 21 billion gives a better idea of how the business is performing. It excludes one off items and Foreign Exchange losses and was up 11 on a year ago. The banks desire to focus more on asia, including expanding in china, is paying off too with 75 of profits now coming from the region. But despite these good numbers, the bank continues to have problems with the
Anna a very good morning, everybody. This is bloomberg daybreak europe. We have been in davos all week. We build with a crescendo towards donald trump speaking at the event. Haslinda amin is there. Haslinda good morning. The trump day. Be he is expected to deliver a keynote address at 2 00 p. M. Local time. What is the message . Nobody knows. It is likely a push for America First. About one year ago when he came to power, a lot of people were saying it could be a doomsday scenario, weighing on Global Growth. A year on, lots of optimism, and we are feeling it here. Plenty to talk about today. Final day in davos. Shortly, i will be talking to different guests. We will also bring you an exclusive interview with francois bill oreilly with francois velleroy. Villeroy. Ancois lets have a look at where we are in the markets. This is the asian equities session, down. 2 , losing a bit of ground. The Australian Market is closed. Australia day there appeared the Australian Dollar getting a little
Companies. Cheryl stocks in asia Company Makes in asia Company Makes that the nikkei moved in three quarters of a percent lower pinching at the shanghai composite with a slight gain. Cheryl do not try this one at home. A man bites into an iphone and the battery explodes. Fbn am starts right now. Cheryl 5 01 a. M. In new york could wednesday from a january 24th. Im cheryl casone. Cheryl happy hump day. And lauren simonetti. Drink you i will not be biting into my iphone 10 during the shows. President trump is flaming democratic leader Chuck Schumer after the new york senator withdrew an offer to fund the wall. The president treating last night crying Chuck Schumer fully understand especially after his humiliating defeat that if there is no wall there is no daca. A musthave safety and security with a Strong Military for great people. Lauren Adam Schapiro has more on this from washington. Good morning. Youre a capitol hill they are well aware that figure aware that if aware that severe a s
We have his a take on the economy and tells us where he sees value right now. In two hourslose time. Lets take a check on where stocks are trading with abigail doolittle. Abigail were looking at a bullish day here with the dow, s p 500 and nasdaq all higher. Up. 1 afters now flipping between small gains and losses. , the techbest day heavy nasdaq carving out another record day. Chart withongterm the nasdaq relative to the s p 500. , the nasdaqcases outperforming the dow and s p 500. Up dow and s p 500 only about 6 or 7 on the year. Relative to the tech heavy other big averages are lagging to some degree. One stock helping is apple. Apple is up in a big way. Hitting yet another record high. Apple does report tomorrow after the bell. Investors are looking for earnings of 2. 02 on 53 billion. One of the big things investors will be looking to see is the cash position. Some are expect things to hundred 50 million 250 billion. Here forood stuff apple. Turning back into the bloomberg on appl