U. S. And china are trying to temper some of the repercussions trade war is having. You can see euro stocks gaining 0. 6 . The yen is also a good litmus 7. 81and you can see one of 107. 81. Tomorrow, we also have the ecb to look out for. Coming up, we speak to the former u. S. Ambassador to the European Union. Dont miss that interview at 10 30 a. M. London time. We talk u. S. Foreignpolicy and brexit. Lets get straight to the first word news. U. S. Goods to be exempted from tariffs last year were announced by china at the top of the list are pharmaceuticals and lubricant oils. Beijing is seeking to ease the impact from the trade dispute without lifting charges on agricultural item like soybeans and pork. The ministry of finance says further rounds of exemption will be released. Morgan stanleys ceo warned against the fed cutting too easily but says he supports of the reductions made so far. He made the comments at the Columbia Business School in new york. I have supported the latest fed
We begin with the most important week of earnings season. More than 130 s p 500 Companies Reporting results including three big fang names, facebook, amazon and google. So we thought we would play a game the good, the bad and the ugly in this weeks tech reports. Of those names facebook, alphabet, amazon which is the good, bad and ugly. This is a new game. Old song. Yes classic song any of the actors in good, bad and ugly why do you ask me oddly enough, im glad to be here on a monday very excited to play this new game the way you line them up on the screen is the way i would line them up in my head the good is facebook why is that . The bad news theyve thrown at it doesnt matter. The stock made a 50 correction when it traded down on 164 on huge volume. I dont want to like it but i think it will retest the old highs. The bad amazon not necessarily the quarter will be bad but the price action might be we pushed up against those levels we saw in september i believe of last year 2025. There
You today to testify on the president s trade jaeagenda ande newly renegotiated United States mexico canada agreement. I would like to begin by notie ingnoteing that the American Economy is growing well. Were growing substantially faster than any other g7 country. We added 5. 8 million jobs since the 2016 election. Notab notably, 500,000 of those jobs are in manufacturing. The Unemployment Rate of 3. 6 is the lowest in half a century and has been at or below 4 for 15 consecutive months. Hourly wages were up some 3. 1 over the last 12 months. And contrary to what one hears, exports are growing. Indeed, 2018 was the highest year in our history for exports of both goods and services. While agricultural exports in 2018 were not the highest in history, they were up over 2017 and 2016. Im pleased to present the trade policy agenda at the 2018 annual report of the committee. This document, which u. S. Put out usgr put out recently outlines the administrations trade priorities and catalogs rec
The committee will cut the committee will come to order. Today, we welcome ambassador , including or negotiations with china, japan, and u. S. He u. K. Participation in wto. We are pleased to welcome you back. Have been eager to consult with you and it has taken a while to get this hearing on the books. To the members of the committee and american public, the democrats are already engaged with you and and allows us to further the engagement. I commit to you as a half the past many months, continue working with you on nafta in good faith based on facts and a desire to make responsible policy. The opportunity we have to ove nafta we can ensure that there are protections respected and Affordable Access to medicines is for now and the future. All of this is too important to rush. Im not the only person making this point. It is consistent from the. Usiness roundtable i believe from working with you, wef a lot in common have a lot in common. With respect to a larger trade agreement agenda, a
Senate committee on banking, housing and urban affairs will come to order. Today is a hybrid format. Our witnesses are in this person but members have the option to appear in person or virtually to consider the nominations of dr. Lael brainard to be vice chair of the board of governors of the Federal Reserve system. And acting director Sandra Thompson to be director of the federal Housing Finance agency. Its amazing what a difference a year makes. We have today safe and effective vaccines that are saving lives, that are getting people back to work. 207 million americans have fully vaccinated. In 2021 we added 6. 4 million new jobs, more in any year since 1939. Workers are demanding raises. Theyre finally getting them. Theyre changing jobs at record rates because people finally have some options. The past year has illustrated our economy works best when it works for everyone, not just wall street, not just the top 1 . Everyone. Whether you punch a clock or raise children or care for an