Years long review process. Human rights advocates say asylumseekers who have been returned to mexico are often assaulted in shelters and on the streets when looking for food. California regulators have agreed to penalties against pg e to a record 2. 1 billion for violations tied to the wildfires ignited by the companys power lines in 2017 and 2018. The penalty is about 462 million higher than in earlier fine and would be the biggest ever against the california utility. Pg e would also be required to pass along any tax savings associated with the payments to customers. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york, im vonnie quinn. Amanda live in toronto, im amanda lang. We are joined by our bloomberg and Bnn Bloomberg audiences. Here are the top stories we are following from around the world. Panic and fear
A lot of red on that board. These are modest moves. Market turmoil. Someone tweeted me that. Futures arent up a half percentage point pull out the market turmoil boards several headlines out of beijing overnight. Chinas exports rose imports are higher than expected chinas trade delegation arrived. We are learning more about the purchased targets that china would agree to at the phase one trade deal signing telling us china will commit to increase purchases from 32 billion over two years china will also pledge to buy an additional 80 billion 53 billion in Energy Supplies and 35 billion of u. S. Services over a twoyear period but will only only cost them half as much they are no longer a currency. You missed the other piece of information. They are allowed to no longer a currency manipulator. They arent going to do that was there a quid pro quo there has to be not a coincidence. Treasury secretary Steven Mnuchin said yesterday, china has made enforceable commitments to refrain from the c
Not to say were on fire ten times this morning, but i need new words for all of this, the dow is up 95 in the premarket. You had a historic day on wall street, all three major averages hit record highs last night. The nasdaq marked a milestone, closing above 9,000 for the First Time Ever on the nasdaq. Jack, your reaction to what youre seeing . If youre a Football Team youre playing good special teams, offense and defense right now. The market is really on fire. And its incredible to see. When i saw the numbers come out after the holidays, that was impressive. To see the consumer so strong, people are going to work, people are finding jobs. I got so many friends that have two jobs now. Folks that dont make a lot of money, their education levels arent that high but yet theyre able to provide for their family and i think thats what really matters is the middle class is getting a boost right now in this economy. Cheryl what youre saying is that people have jobs but theyre not their wages
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
Damaging relations with china. But first our breaking news a mans been found guilty of strangling a british backpacker whose body was found buried in a suitcase in new zealand. Grace millane disappeared the night before her 22nd birthday last december after going home with a man shed met on the dating app, tinder. The parents of Grace Millane gave their reaction after the verdict was delivered. The verdict of murder today will be welcomed by members of the millane family and friends of grace. It will not reduce the pain, the suffering that we have had to endure over the past year. Cant see it. Grace was taken away from us in the most brutalfashion a year ago taken away from us in the most brutal fashion a year ago and our lives and family have been ripped apart. This will be with us for the rest of our lives. Grace was a beautiful, talented, loving daughter. Grace was our sunshine and she will be missed for ever. David millane talking outside Auckland High Courta millane talking outsid