munster. hospitality disruptor. short-term holds that combine elements of hotels and apartments. we will hear from the ceo. but first to our top story. record highs on tuesday on averages, but something interesting happened during the day. the s&p 500 tech index closed down slightly. is this a sign of trouble to come? joining us to talk about what this means is bloomberg s abigail doolittle. i want to take a look at a chart i m showing in my terminal which highlights some of the profit taking. i am wondering if that is what happened today given the overbought levels on the tech sector. abigail: i think you are dead on with that, taylor. that is exact a what that represents, you little bit of profit-taking. that stock up so much this year, and that is really what makes today so interesting, the nuances you were talking about, the nuances, each finishing at a record high. the stocks and chip index also finishing i record high. the reason that stands out is they are leading up a
the rates are held, but swedish s central bank is negative territory. topast the wall for us to go zero. kailey: the house takes a historic vote to impeach president trump. article two is adopted. it s an incredibly divided time in congress. kailey: as 2019 comes to a close, investors share a perspective on the global economy. the growth trend is firmly in place for 2020. much moneyave too piled into a lot of higher-yielding assets. what we re doing is definitely borrowing from the future. we will probably end badly. kailey: it s all straight ahead on bloomberg best. kailey: hello and welcome, this is bluebird best, bloomberg best. let s start with a day by day look at the top headlines. investors began the week in a risk on mood thanks to a dose of positive news on the trade front. the u.s. and china reaching the must anticipated phase one of the trade deal. to release thed agreement in early january. it involves a reduction in tariffs in exchange for mor
we will get thoughts from gene munster. hospitality disruptor. short-term holds that combine elements of hotels and apartments. will hear from the ceo. but first to our top story. tuesday ons on averages, but something interesting happened during the day. the s&p 500 tech index closed down slightly. is this a sign of trouble to come? joining us to talk about what this means is bloombergs abigail doolittle. i want to take a look at a chart i m showing in my terminal which highlights some of the profit taking. i am wondering if that is what happened today given the overbought levels on the tech sector. abigail: i think you are dead on with that, taylor. that is exact a what that represents, you little bit of profit-taking. that stock up so much this year, and that is really what makes today so interesting, the nuances you were talking about, the nuances, each finishing at a record high. the stocks and chip index also finishing i record high. the reason that stands out is they a
conductor industry are up. semi s, likeof western digital up. also, 5g being a big component. coming up in a few moments, we will hear from another deal maker from the metal s mining conference. guy: what is interesting, the big metals and mining stocks are underperforming in europe. glencore coming at the bottom end of the pack. the stoxx 600 is in broadly positive territory. but it is the miners hitting them hard. massive moves on the chinese market. i want to highlighted once again. up 6% overnight entering a bull market. we saw a similar move in the shanghai index. the other thing i want to mention is we are saying a downturn in brent and crude. haspresident of the u.s. the ability to move crude lower. vonnie: he said he would extend a deadline to raise tariffs on chinese goods after citing substantial progress in trade talks. just how much progress was made, sarah? aoks like there could be signing of some sort next month or the month after? trump s announcement extended
euro-dollar, 1.20 two. a lot of the conversations today will focus on the dollar. i m looking at gold for a second day, down a touch. coming up on bloomberg surveillance, we talked doing business in italy and natural gas. later on, we also speak with margaret from the world economic forum. she joins us to talk global risks. plus, janet henry talks trump s first year with us. she the global chief economist there. let s get to the bloomberg first word news. here s nejra cehic. nejra: the u.s. secretary of state offered a sobering assessment about the possibility of war with north korea. madeillerson said advances the situation very tenuous. he was speaking in vancouver, where top diplomats gathered to explore new ways to enforce sanctions. north koreans know our channels are open, and they know where to find us. but a sustained cessation of threatening behavior is necessary indicator of whether the regime is truly ready to pursue a peaceful diplomatic resolution to the secu