Inflation unexpectedly slowed any third quarter. It could add to signs that the rbnz could deliver more stimulus in the coming months. Rishaad we are at the moment drifting. Lets have a look at what is going on with some other Asset Classes and benchmarks. Bloomberg dollar index pretty much unchanged after gains overnight. 10 year yield, very little going on. Still 85 basis point. Hang seng up about. 4 . Shanghai lurching slightly lower. We do have this headline. 9. 9 i posting near 10 , rise in revenues between january and september. They came in at 671 billion yuan. That is huawei coming out with numbers. But really, we are just sort of drifting, arent we . Juliette we are indeed. Lets get a check now of the first word headlines. Stimulus negotiators in washington say they are moving closer to an agreement with nancy pelosi, saying they are just about there on a relief package. The speaker says she and Steven Mnuchin are close to agreeing how to allocate funds while letting schools r
The stock that has taken the thrown of most shorted name in the United States and paying big bucks for a massive uncut gem. All of that as Worldwide Exchange begins right now good morning im dominic chu in for Brian Sullivan your mystery chart for this thursday, you are looking at the most shorted stock in the United States after losing that title in september we reveal the name to watch coming up. First, here is how stock futures are shaping up after yesterdays landmark trade deal signing. You can see the dow will open up by another 100 points, s p by 1 and nasdaq by 46 the dow and s p coming off record closing levels with the dow coming off 29,000. That marks the 40th trading day since the blue chips finished above 28,000 for the first time on november 15 the fastest such climb for the dow since january of 2018 when it took only eight trading sessions to close above the 26,000 mark from 25,000. For perspective. To go from closing above 26,000 to 27,000, it took markets more than a ye
Expected to move to trial, the phase one china trade deal expected to be signed at the white house this morning top trump economic adviser larry kudlow joins us first cnbc this hour. And financials are in focus, bank of america beats for the quarter, goldman hampered by litigation charges target shares are plunging. Holiday sales miss on estimates on weakness and toys and electronics. The u. S. china phase one trade deal said to be signed this morning this is what secretary mnuchin said about the agreement earlier this morning on squawk. We need to put together very significant laws to change rules and regulations and made strong commitments to our companies there will not be forced Technology Going forward thats a big win for our technology companies, businesses and American Workers we look forward to learning more in the wake of this signing. Jim, mnuchins appearance this morning brought us something new, the notion of phase 2a, phase 2b, phase 2c, so stories evolving rapidly i think
Efficiently and we are in negotiations, we signed tennessee today, we have missouri, virginia, maryland, a number of other states that are in discussions with us about entering these agreements. I yield to mr defazio. On a point made earlier about the governor of california having to use scant state funds to reopen yosemite made by california members, there is no guarantee that any of this money will be paid back, none, zero. I would say and republican rules paying back and individual states would constitute an earmark which means you would have to waive the rules of the house to do it but would try to pass a bill to extract this out of the park service, and i and the stand why governors are being cautious. I thank the gentleman. I might knows that tradition would say you are wrong, they will all be prepared. Would you yield for a second . That was before you adopted this extraordinary earmarked rule which is problematic. Thank you, mr. Chairman. Thank you for your service. I know how