Anywhere in the bond market. Crudear yield totally bucking its train from yesterday. Were selloff in over four years. The worst selloff in over four years. We are going to kick things off , the morningtters news that is moving the world. We are going to kick it off with china responding to the trade escalation. Ministrygn spokesperson saying china will have to take necessary countermeasures. We took now to bloombergs chief is a correspondent chief asia correspondent enda curran. Enda a pretty robust response, as you would expect. They said they will retaliate if the u. S. Goes ahead with these tariffs. They stop short on specific details, but the thinking is that china could respond by making life much more difficult for u. S. Companies operating within china that could divert purchases of agricultural goods away from the u. S. And scrapped those promises to buy more u. S. And they could let the yuan soften against the dollar. They probably have some restrictions on what they can do in
Teleconference releasing results of the Fourth Quarter ceo outlook survey. Finally today, the International Olympic committee will meet in switzerland to decide on russias per dissipation in the 2018 games and south korea. Their decision is expected at 1 30 p. M. Alix that will be interesting. David there is a drug thing going on. Alix i would like to be a fly on that wall. Top stories this morning with first take, Deutsche Bank, tax reform and brexit. Joining us is the editor in chief of Bloomberg News and our chief content officer. Marty, what is Robert Mueller trying to ascertain with a subpoena . We do not at the question of the relationship between Donald Trumps businesses and Deutsche Bank has been subject of inquiry ever since he became a president ial candidate. Totsche bank has refused comment on the relationship, but now he has turned over documents to Robert Mueller and the thought is it is the relationship between donald trump and russia and whether those loans had any conn
There are some things going on outside the market. Good morning. Emma the Trump Administration is opening the door to more oil drilling in atlantic waters. The president awarded the interior department to auction oil and gas rights off the east coast. President obama had ruled out using that territory. Police say it would be a suicide bomber who chose to explode a bomb in a subway station because of the christmas theme. He is described as a 27 euros m a great from bangladesh. He told police he was a follower of isis. The u. K. Once a trade relationship to eat you identical to the one now. The International Trade secretary said that would ensure a smooth transition. They already have harmonization with the eu. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. Alix i want a Million Dollars for christmas. David thats unrealistic. Thats a really good deal. We will have all of the obligations and no say in the eu. Fo
S p futures up by four points. Eurodollar a little bit weaker. The dollar is finally getting a rally. The first time in about five days. 10 year yield pretty much goes nowhere. We had the big selloff all across the bond market. By. 5 . The 10 year breakeven rate is up over 2 . Level it crossed that level just yesterday into the fed meeting. It looks like the market is starting to price in more future inflation. I am sure we will understand it all after we read those minutes. Lets get a on whats making headlines from outside the business world. Emma chandra is here. President trump has a warning for north koreas leader kim jongun. The president tweeted that he has a much bigger and more powerful Nuclear Button. He was responding to kims warning that the Nuclear Button is always on my desk. Theres been a major diplomatic right through between the two koreas. North korea called south korea on a hotline that hasnt been used in years. In germany the Unemployment Rate has fallen to a record
Number. Dont forget yields at 2. 46. A tear, and crude a little bit down but still above the 61 level. David emma chandra is here with first word news. Emma thank you. North korea has agreed for the first talks with south korea in years. The Winter Olympics are being hosted by south korea in february. North korea has assigned a delegation to the games. Environment to ask the trump thenistrations fight trump administrations plans for offshore drilling. The Obama Administration gave up on drilling rights. In the u. K. , productivity rose in the Fourth Quarter by the most in more than six years. Still, british products is barely higher than 10 years ago. Global news 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. I am emma chandra. This is bloomberg. David. David thank you so much. Time now for our daybreak first take. First up is of course a jobs day. Second, continuing the new year tear, and third, the chip program has affected apple. Alix joini