World, from hong kong to vienna to u. K. And to washington. We are on the ground with all this mornings top stories. The u. S. And china are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase i trade deal according to people familiar with the talks. This to be expect reached before december 15. Joining me is chief bloombergs chief asia correspondent. We have some takeaways from our colleagues in washington and beijing. They are making the point that President Trumps comments yesterday do not necessarily indicate that these talks are stalling, even though he was downplaying the need for an urgent deal. On the flipside, we have in hong kong and xinjiang are not going to derail the talks are these talks to continue to push forward. We now look at the december 15 deadline. On the chinese side, they have a redline around tariffs. There are some details on which tariffs are to be rolled back. Before we get too optimistic, i would say we have had some stri
Some tariffs for soy and pork from the u. S they didnt specify quantities involved they imposed 25 tariff since july 2018 in retaliation eunice yoon was up very early it is 12 hours later there. She was up very late. Whatever it was. She was up she tries to figure out what is happening. This is the beginning of some positive that is my take. And futures are up. After thursday when the Chinese Ministry said, look, we are still on track for kauks it would have to be precondition, okay, here, well drop some of ours first and get to you december 15 right . Right i was thinking about how much risk there is to thinking about 10 or 11 months before an election and what could go wrong. We heard about if there could be a recession. He says 2021 what if there was a big market break next year in the stock market you saw what happened a year ago at the holidays. Christmas shopping draops significantly. Where im going with this trying to follow. I know it is hard trump has we are at new highs right
Of expedia said there were strategic differences with the current leadership and the ceo and the fo are now gone cfo oregon. Down 3. 1 percent, the worst performer in s p 500. Higher,opean stocks are the pound trading north of 131 against the u. S. Dollar. We have a stronger rate against brent crudel, moving higher, up by nearly 4 in todays session. Opec is just around the corner. We will talk about that later on in the program. Lets talk more about the trade story, affecting markets over the last 24 hours. Economist is a senior , we have been jostled by the trade story. Todays story is maybe we are inching closer. The president talking about the idea that it can wait until after the u. S. Election. If we dont get a deal by the 15th of december, if we dont get additional tariffs what does that do to the Economic Data . I think the Economic Data improves beginning next year into spring if we can contain the current trade tensions. If we get a phase one deal before or after christmas tha
Whether we are any closer to a phase one deal between the u. S. And china. The s p 500 hitting another reluctant record, i would call it, and u. S. Futures on the front foot. The euro study. We sought strengthen steady. We saw it strengthen against the dollar yesterday. 1070 right now. General concern about growth in u. S. Stockpiles, meaning it is trading at 56. 96. Coming up, we speak to the managing director of the fund,ational monetary Kristalina Georgieva. Dont miss that. Markets pushing down the 10 year treasury yield last week. Lets get the bloomberg first word news. Today, the public hearings of the impeachment inquiry start again. The u. S. House Intelligence Committee plans to hear from 8 witnesses this week. They are examining if the president lied to special counsel robert mueller. This comes as President Trump says he is strongly considering testifying in the investigation. The u. S. Reversing its stance that Israels West Bank settlements are illegal. The move is a big pol
Good monday morning, welcome to squawk alley, im Carl Quintanilla with Morgan Brennan and jon fortt. We will start with uber. They lose their license to operate in london. Regulators citing a pattern of failures from uber that place passenger safety and security at risk cnbc contributor kara swisher joins us to talk about this. How are you doing. Not too bad we will see how the appeals process goes, the big question is whether other cities follow suit. Its a troublesome thing. Uber has been struggling for a long time in these cities and actually the first thing that the new ceo who came in after Travis Kalanick did was go to londer to assuage the critics there. It was one of his First International trips and it was very soon into his becoming ceo. So its really problematic if they dont get these cities straight, especially london which i think is its biggest revenue generator after the United States. The thing is it comes after a couple of really big stumbles including daras unfortunat