600 gaining. A lot of the focus is on earnings and the economic backdrop. 1134. Ollar 1 it has fluctuated but is very arrangedbound. Rangebound. Coming up, the World Economic forum in davos. We bring you all the biggest names in banking. Lets get straight to first word news in new york city. We begin with the new york senate approving Donald Trumps new freetrade agreement with mexico and canada. It handles the president and a major win ahead of impeachment. The overhaul of the agreement was a priority for mr. Trump. Mitch mcconnell called vote a rare moment of bipartisan cooperation. The white house broke the law in withholding aid the ukraine. Accordingting to an independent watchdog, saying the president should not have delayed money. This is a key part of the impeachment case against President Trump. , quoteg with them obsessed with the u. S. Trade deficit. This is according to bill hogan, saying americafirst policies are bringing about a priceless moment for global trade. This came
And mine the gap sales are surging this morning and twitters jack dorsey soliciting advice to help improve the network. All that and more as Worldwide Exchange begins right now welcome to the show. Stock futures are higher this morning in deeper territory. The dow is up another 63 points. The 10year slightly higher 1. 555 lets go worldwide if you dont like the color green, turn your eyes away the major indices in asia, green across the board paced by the hang seng in honk con up by 1. 5 in europe, youll see more green there. Only turkey and greece are red the cac in france pacing france up by about 1 well look to other top stories this morning with rahel. Chinas economy last year grew at the slowest pace in 29 years. The worlds second largest Economy Group at 6. 1 revealing a country under pressure from trade. Weak Consumer Spending and follows the read of 6. 6 from the same time period a year ago. New investors interest this morning. Shanghaibased private equity firm held talks over w
Our bloomberg voices are on the ground with this mornings top stories. We begin in asia. Chinas economy stabilized last quarter, showing greater than expected strength if december. Fourth quarter g. D. P. Rose from the year earlier. Joining us now on the phone from beijing is james, bloombergchina economy editor. Walk me through the details and where the question marks are still Going Forward . Reporter looking at the data that came out today, it really was a surprisingly strong finish for 2019, for chinas economy. I think if we look past the g. D. P. Numbers, chinas g. D. P. Is more a political target than a real indicator of whats going on. If you look at the retail sales, Industrial Production and fixed investment numbers, there was a bit of a rebound in december. Sort of ending the year on a high note. A part of that was, i think, the chinese numbers efforts to sort of support companies is working and also i think the optimism you may have seen in december from the signs that the t
Opec and allies extend curbs on oil production. Eu leaders make a striking selection to lead the ecb. Its breathtaking. It has the benefit of surprise. Viviana july is here. The fomc has signaled rate cuts may be coming. Clevelands fed president shares exclusive insights on the policy outlook. I think the fed funds rate is about at neutral right now. Viviana plus, expert perspective on what is ahead for the global economy. I think the market is getting a little bit greedy in terms of rate cuts. If these escalate, there will be a global recession. Viviana it is all straight ahead on bloomberg best. Hello and welcome. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a daybyday look at the top headlines. The week began on a note of optimism after president s trump and xi met at the g20 summit and agreed to restart trade talks. Francine the u. S. And china have agreed to a tr
Welcome to power lunch. Im courtney reagan. Lets get a check on the markets this hour. A cautious day on the street stocks trading in a narrow range. The dow managed to hit an intraday high earlier, but now were in the red across the board for the three major averages with the dow down about 21 points, the nasdaq composite leading way lower by half a percent. Oil also tanking this hour secretary of state pompeo says iran is ready to negotiate about its Missile Program. The final trade details are straight ahead brian. Big oil story im sure well get more. Thank you very much. We have a lot to do. Lets kick off this hour from news from washington where else where once again, President Trump sparking new uncertainty about any kind of a trade deal with china that happening in just the last hour Kayla Tausche is following it. As the president s top trade officials prepare to continue negotiations over the phone and possibly in person later this month, President Trump was ambiguous when spea