The. Christmas time double. China nears a trade pact with the u. S. And continues its massive Infrastructure Project to ease access to Global Markets have a closer look at the new silk road and talk to our correspondent about chinas trade ambitions. Also on the show christmas means well big business for many take a look at how retailers did this Holiday Season. This is the end of the business asia im Stephen Beers in berlin thanks for joining us. The u. S. Says its planning to submit its new trade deal with china during a signing ceremony in the 1st week of january china has yet to confirm the time line beijing has also been quiet about specific components of the trade agreement which up to now have been released by the us taken together theres uncertainty about exactly what is happening when. Next years Election Year in the u. S. And donald trump is not likely to risk in barking on tricky trade negotiations with one eye on the polls instead hes keen to declare himself the winner in th
Uncertainty on the phase one trade deal, and concern over escalating violence in hong kong dull markets. Conservative election candidates support the Prime Ministers brexit plan. The first headtohead latest debate takes place later tonight. Welcome to bloomberg daybreak . Rope 100 protesters surrounded by police in hong kong. We have learned the schools will be open wednesday after carrie lam says she wanted a peaceful to to the University End the university standoff. Seng isingly, the hang in the green. Other markets like japan declining. A number of reasons being put forward to that. Chinese funds be stepping into support that market. Rba minutes were taken quite devilishly by the markets, spurring rate cut bets. We did see dollar weakness after the meeting between President Trump and jay powell. U. S. Equities is what we saw. Still question the direction and possibility of a phase i deal. It slips another basis point. Crude on the back foot with concerns around rising stockpiles. Ge
Dropping below the s p 500 dividend yield which is crazy. You can make more money on the yield on the s p 500 than on the 30 year. Unfortunately the algorithms are utilizing global yields as the correlation to equities and that seems to happen from time to time. Remember prior to that it was the chinese currency any time that traded above a 7 Point Equities move lower. So youre looking at global yields and youre basically understanding that protectionism doesnt exist in global asset pricing. What do you mean . Thats exactly what is going on right now so the United States is blessed with technology. The United States is blessed with low energy. Zero versus the rest of the world. Correct but why is that becky . Because we are seen as the best economy globally and thats where i see protectionism doesnt exist in asset pricing the rest of the world is just driving capital here. So you can see bond yields coming down precipitously but still see it being something that doesnt drag the stock m
Leaked that were very frank about his assessment of the president , and it was not very flattering. It was business as usual, but five hours later that proves not to be the case. David but President Trump really had gone after him, even calling him stupid and things like that. At the same time, the British Government backed him. But it is hard to do your job if they are not going to talk to you. Alix for sure. But also the leaking. He was supposed to report back. That was the point. In the markets, we are seeing a bond selloff headed into the fed , particularly on the long end and in europe. German bund yields are at their highest level since three weeks ago. You have persistent weakness in the equity markets, down 2 10 of 1 . It is a mixed dollar story. Some industrial output from europe. Eurodollar goes nowhere. Yields up by about three basis points, 2. 1 . We havent seen that in about a month. Crude, lots of things boosting crew today. Russian production is down. More harsh words fr
If you look at the market at 30,000 feet, looks like it. While the nasdaq, which had been middle around in the red for the first half of the session, is up about a third of a percent. Right now the Dow Jones Industrials are doubling that percentage gain, up 234 points powered by, you know what . Lets zoom in to about 10,000 feet with the heat map, two nontech names, mcdonalds and home depot. Then, of course, in the third position here we have apple. So youve got two names having nothing to do with technology. And then lets switch it over to the s p leaders. Synopsis. Now, that is a tech name. It makes hardware and Software Products for validating chip design. Synopsis is gaining about 4 . Then aes gaining 5. 25 , thats a utility and Power Generation company. But International Paper far and away the winner here. Look at this pop of 10. 8 . When was the last time we saw International Paper leading the s p . I mean, not only leading, but hitting a 1year high. It did have a nice pop in dec