The nasdaq is up more than 1 . We got the exchequers plan to boost u. K. s economy, boosting sterling. There canada, the dollar is actually weaker and looking like the central bank will have to cut a few more times in order to get that deficit under control. A deficit that is by the way , was 30 of gdp before the pandemic. The mexican president is coming to washington to meet with President Trump to talk about the trade relationship with the u. S. And mexico as they face a deep recession. Joining us is our head of isearch joining us Kathryn Rooney vera, head of research and strategy at bulltick. Tell us about how the coronavirus is ravaging the mexican economy and how bad it will get. Kathryn ravaging is a good word. Mexico is facing the brunt of the epidemic. The authorities have really not come up to the task. They were nonbelievers at the beginning, which has caused tremendous suffering. We know that 50 of the tests taken come out positive in mexico, which is a world leader. That sa
But it turns out that may not be the case. In the big banks launch a earnings season with a bang. Jp morgan reports of most profitable year ever for any u. S. Lender. News from south korea, were the jobless numbers for the month of december. Writings coming in at 3. 8 , which is higher than estimated and higher than the previous month of november. The jobless rate has been creeping up since the month of august and now we are seeing it shoot up to 3. 8 . Although it is worth mentioning that the economy still added 516,000 jobs in december, which is 200,000 more than in the month of november. Conflicting signals right there, but we have seen the government has tried to create jobs, they have tried to support the economy, but we continue to see declines in the manufacturing and retail sectors. Now the jobless rate coming in at higher than expected 3. 8 . Austrian markets have now open for trade. Lets turn to sophie for what to watch. Sydney a flat open in after a fresh record on tuesday.
Up 1. 4 . It has definitely come off its highs of earlier, and the u. K. 10 year yield down two basis points. In the u. S. , we have erased most of our gains, the s p 500 and the dow in negative territory. The nasdaq is pretty much unchanged having seen a lot of volatility. The dollar index is back above 97. Lets get to Boris Johnsons giant victory. HereBoris Johnson speaking in downing street an hour ago. Johnson i frankly urge afterne on either side of three and a half years, and increasingly arid argument, i urge everyone to find closure and to let the healing begin. Guy the Prime Minister speaking an hour ago. David riley joining us in london. We have seen u. K. Assets responding to the news overnight to this crushing delivery victory delivered by Boris Johnson. Furtherense of how much the u. K. Assets could have to run. David i do think there is some room on the upside for sterling assets. We have taken out two important tail risks for u. K. Assets. One was a disorderly no deal br
Without further ado please join me in welcoming carla hill and the speakers to the panel. applause again thank, you thank you. Big well im going to encourage you to take your seats and to join the conversation here, we heard and a prior Panel Questions about trade and not so many answers so we brought together a stellar panel that really represents a broad segment a of the western hemisphere and you could not find greater talent, so it is my great honor to introduce the panelists who will talk to you about rethinking our trade agenda and the, in the americas and its a challenging topic, we live in and certain times, not only in the western hemisphere but globally. But what we do in the western hemisphere can set an example and let me just tell you a sentence or two about each of our panelists. Sitting to my left is secretary mrsa birch or, who was appointed last october, the argentine as, secretary of International Trade in the ministry of production and labor, her assignment as descri
A pause, possibly in tariffs due to go up next week. There is a lot more we have to hear from both sides on the details of any truce. We should emphasize, we are not expecting the brand bargain, if you will today. This is not a major deal to resolve all the differences and bring peace to the trade wars, but something to put a pause on things. Have the media itself can there has been disagreement between the president and Robert Lighthizer and the vice premier of what is going on. Is the price of the tariffs. If the president postpones the tariffs, does that give us an idea they are on the road to something bigger, or is it a temporary truce . Shawn it tells us it is a temporary truce. We are a long way from where we were in april or may when they were getting closer to a bigger deal. Thereve been tariffs put in place. One of the things unclear right 110s what would happen to billion trade of tariffs that took effect september 1. A lot of details we need to figure out. This is a partial