The washington journal mugs, and see all the cspan products. Next, a look at the economic benefits of space from the u. S. Chamber of commerce. The chair ofude the federal trade commission. The seniorelcome the unitedent at states chairman of commerce. First of all, i want to thank christian and his team for organizing such an excellent program. We have worked on a number of important issues to our member the chamberst at Technology Engagement center, we are working to establish a National Data privacy standard that protects all americans equally and promote policies that enable emerging technologies like artificial intelligence, automated vehicles, and Unmanned Aircraft to thrive. Our goal is to see a workforce that is skilled and prepared for the digital economy. Threadments comment running through our work is the issue of data. Without a thriving, modern communications network, none of this is possible and that is why i am happy to be here today to introduce chairman pai. Who the so
Catalysts for investors on the horizon. With fed meetings this week and new tariffs set to go into effect this weekend. Joining us, ian winemore weve been paying close attention to these big trade headlines. How much is this influencing what were seeing on wall street these days i think its overstated as to how much its actually influencing wall street. I think theres two things at this point the first is that theres so much liquidity being pumped into the marketplace by central banks. They Just Announced another round of qe, even though theyre not calling it that. And youve got positioning, which is a very big deal a lot of hedge funds and active managers are lagging again some for the last ten years, and because of that, they cant afford to miss a rally you see this synthetic short base, where people are long cash, and thats why selloffs like today, youre not seeing a whole lot of followthrough, because need to hold until the end of the year. Ian is with us for the next hour we have
Will we had that 2 as we continue to get a trade deal . Time now for global exchange, where we bring you todays market moving news from all around the world. From hong kong to beijing, london and washington, our bloomberg voices are on the ground with todays top stories. In asia, chinese economy is showing signs of stabilization and regaining some kind of growth momentum in november. Chinas Industrial Production and retail sales both meeting estimates. Joining me on the phone is in an. Current is enda curr give me some of the details in the data dump we saw overnight. Enda these clearly signal that the economy is ending the year on a better note. 8 . Il sales climbed Industrial Production rose 6. 2 . Theres some caution around the fixed Asset Investment number, which only grew 5. 2 , but nonetheless, the take away among economists was it showed that the stimulus the government is rolling out is having some traction. There were some seasonal effects as well. But when you have a trade ag
Underperformed. Joe i thought the fed would have to cut again. [laughter] japans u. S. Treasury holdings falling 28. 9 billion, the latest number here. 1. 15l by 28. 9 dollars to trillion. This is according to the treasury department. Nonetheless, japan remains on top as the biggest holder of u. S. Treasuries. Caroline lets dive deeper into our market reporters. At the close, what were you watching . Luke scarlet had a good reference with treasuries in the past. Lets look at treasuries in the future. We have a chart showing the 10 year yield in the one year forward yield. The difference between them on the bottom panel here. But we have got here is that throughout the course of the year, people became very much doubting around the time of the first rate cut and the time that the u. S. Dollar offshore yuan broke seven. A strong move downwards in the yellow line and purple line. That is when people started to think we are in for a global recession, world is over. Since then, you see thos
The dow industrials up just a few points at the opening bell, 11, maybe, but look at that level. Back to 28,000. Modest small loss, small loss for the s p and also for the nasdaq. So look, everybody, sit back, you are going to watch financial history. History being made in hong kong, too. Sure looks like open rebellion. The street fighting has escalated. Police besieged one of the Main University campuses which they say was being used to make weapons. A Police Officer was hit by an arrow. Ominously, the Peoples Liberation army, chinese troops, in plain clothes, appeared on the streets on saturday. That was taken as a grave warning. Add all this up, it is beijing versus the people of hong kong, communism versus democracy. It is a bloody fight and it is not over. In the United States, the democrats want to remove this president from office because of a phone call. Varney company is about to begin. Stuart okay. Lets talk stock market, shall we . Dow closed in record territory friday, abov