Coronavirus pandemic continues. Spoken policy experts about chinas global influence and why continued engagement with china is in the best interest of the u. S. Without objection, the chair may declare a recess at any time. Before we proceed to our topic the National Security implications of the u. S. And china relationship in a post covid world, housekeeping matters. The session will be conducted on an unclassified basis p all participants should refrain from discussing any class of either other information protected from public disclosure. The committee is conducting this virtual hearing with House Resolution 965 and the regulations for the conduct of Remote Committee proceedings. It is being broadcast on the committees website. Like many of you, i would have preferred to hold this hearing in person but because of the threat posed by covid19, it remained serious and widespread. We are proceeding in the best manner we can, remotely in todays case, in order to ensure the safety of our
Stocks. It really started, if you think about it, a year ago today with a big rally the day after christmas, the after the Christmas Eve selloff last year. Now as we get set for a new year, nasdaq 9,000, what is next . What are you thinking about . Im really optimistic where the markets are going in 2020. It is kind of interesting, if you look at this historically, with a year where markets are up over 20 , on the average the dow has been up over 75 of the time with an average of close to 9 . The s p 500 has been up over 83 of the time with an average over 11 . Past returns are not indicative of future returns but if stats is on our side, history is on our side, markets are still good value, there is still room to grow and a lot of potential as weve seen in the past. Connell gary you and i spoke couple days ago right before christmas. Youre more of a worrier, right . Nothing wrong with that. Someones got to but how do you look at this run . At this point, is it getting toward as point
Betterthanexpected chinese data, giving a lift to the market. It may have gotten a little bit better. Opec up 1. 7 . Of november manufacturing also ,oming out, that tmi figure indicating a contraction because its below 50 but better than the 46. 6 that was our preliminary preview. Coming up its merger monday, all things deals with the cohead of global m a a jp morgan. Lets get straight to the bloomberg first word news. Signaling they will consider deeper cuts ahead of the latest opec plus summit. This is despite the rest of the coalition showing reluctance to refuse output reduce output even further. The meeting in vienna starts in december the fifth. The Junior Coalition partner in the German Government electing a new leadership, throwing the government into crisis. Social democrats are bringing in a team that vocally opposes the alliance with chancellor Angela Merkel. The new leadership signaling it wont bring an abrupt end to the coalition and its more likely to put forward a set of
Hurry and affects. Coming up on afternoon live all the sport, with katie shanahan. The Rugby World Cup aims and defeats, they have been beaten by a0 points against new zealand to win the bronze medal. That was also the head coach last game in charge of wales. Thanks katie, and stav has all the weather thanks, stav. Here is a hint of what we are expecting a better week and particularly in southern parts of the country it can be pretty wild and beat i will have all of the details coming up. Also coming up, campaigners call for a clamp down on fireworks being let off in residential areas at all hours. Hello everyone, this is afternoon live. Nigel farage has said his brexit party will contest every seat in england, wales and scotland in next months election, unless borisjohnson drops his deal with the eu and signs up to a leave alliance. Mr farage said the Prime Ministers Withdrawal Agreement with the eu is simply not brexit. the brexit party say they have 500 candidates ready to fight the
Morning. Tweeting this, there is no reason for the u. S. Consumer to pay the tariffs, which take effect on china today. The reality, of course, is not that. And Companies Big and small know that all too well. Let me play for you the kceo of one of the largest bicycle makers in the u. S. Is there any way you can avoid passing that to customers . Only if i wish to go bankrupt really quickly. Theres no way to absorb that. We have to pass it on. Joining me right now, cnn politics and Business Correspondent cristina alesci, and also Cnn International correspondent matt rivers joining me from beijing. First to you, christina. What are you seeing there right now . Investors are sending a clear message to trump. They are not buying his positive spin on his trade war. Heres the deal. Investors are now pricing in the possibility this tit for tat goes on for longer than expected. And look, that can change as we head into 2020. For sure, trump is not going to want to see this kind of Market Moveme