Labeled that in the 1st place according to the im a Commodity Traders and analysts are now doubting these insane amount that china is committing to buy from the us under phase one of the trade deal china will pledge to buy over 50000000000. 00 more in us energy and increase ag purchases by 32000000000 over 2 years which is above the 24000000000 base line these totals will supposedly trim about 300000000000 annually from the trade gap between the 2 countries however commodity experts remain skeptical that china can even absorb these quantities without threatening trade ties with other suppliers Global Markets are lackluster today as they struggle to digest the news and analyze how this deal will affect them how will the chinas commitment to by 200000000000. 00 of trade impact other countries and their access to the worlds biggest economy analysts also point out that depending on the wording and the implementation the agreement could also violate the principle of most big. Nation treatme
Months lets take a look at the treasury markets watching the 10year back up this morning above 1. 8 at 1. 811. Investor tensions remain on iran even with that snap back yesterday. Tensions mounting with the u. S general Qassem Soleimani was buried in his home town of kerman officials have threatened retaliation against the u. S. For the targeted killing the defense secretary has made no decision about withdrawing troops from iraq another surreal day with that letter that came out from a general that was not signed. Later, they came out and said that was a mistake wasnt signed, poorly woorded wasnt in its final form but to let you know, we are withdrawing from iraq. Let me start with that. Flip the order here and start with that letter we spent several very confusing hours at the white house as officials scramble to figure out what the heck is going on after a marine corps general in iraq sent a letter in which he appeared to suggest that in response to the Iraqi Parliament vote to remo
Iran president said armed forces admitting their mistake is a good first step and that all involved in the accident will be punished renault denies reports of a possible split with nissan and france finance minister calls the rumors malicious welcome to the show. One of the main stories moving markets overnight, chinas yuan strengthened to the highest level after the Treasury Department removed the label of the country as a currency manipulator. Steven mnuchin said the country made moves they first attached the label when they accused them of using the yuan to get an unfair trade voontage the first rise in export since july signaling a recovery in demand following a preliminary trade agreement. Imports rose while the countrys trade surplus increased. An on annual basis Interest Rates rose 0. 5 . Chinese vice premier liu he a arrived in washington. Reporter two days ahead of the signing of the phase one trade deal in washington, d. C. The news has to did with china trade numbers for dec
One luxury auto make is soaring. Robots and the latest in meats, the latest from ces 2020 as Worldwide Exchange begins right now. Good morning welcome to the show. Im dominic chu in for Brian Sullivan we begin this morning with wall streets massive 200point turn around this time lapse is crazy to watch. That huge turn around midday stock futures looking to add to the gains as investors put that middle east tension in the Rearview Mirror for now. The bond market showing signs of life 10year note about 1. 814 . Twoyear as well in the asia trade, can you see generally green screen all across the board there the nikkei in japan. Over half percent gains out in main land china. The spin of the globe now. We are seeing that green carry over in trading. The cac in france up the ftse up and the german dax up almost one full percent as well going to rahel with more this morning. American airlines has reached a settlement with boeing over the grounding of the 737 max it will receive compensation
Trump card which is the economy. Americansare deeply divided over impeachment showing over half of voters, 51 , believe trump should not be impeached and removed from office compared to 45 that is reverse where the numbers stood before the many hours of hearings. Before they began, more voters voted for impeachment than against it the data on the economy is unequivocal. Showing three quarters of voters have it any time in the past 18 years. For those who believe the economy is on the right track approve. The white house wants to capitalize and that angry letter sent yesterday he wrote that, quote, democrats are desperate. Your party simply cannot compete with our record. Thank you. One of the Big Questions is the proxy for the election a lot of people have said, dont impeach. Lets wait and deal with this election and see where the public stands. If you have a group of candidates arguing that you need to bump up this election because of trump what does that suggest one of the interestin