Swedishs central bank is egative territory. Possible for us to go to zero. This episode is over. The house takes a historic vote to impeach President Trump. Karl 2 is adopted. This is an incredibly divided time in congress. As 2019 comes to a close, investors share a perspective on the state of the global economy. The growth trend is in place for 2020. You really do have too much money piled into yielding assets. I think what were doing is borrowing from the future and will end badly. Its all straight ahead on bloombergs best. Hello and welcome. This is bloomberg best. Interviews and analogies around the world. Lets 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. The two sides expected to release the full agreement in early january. The deal involve as reduction in tariffs in exchange for more chinese purchase
Monetary policy settings to more free trade. Shery pressure mounts on Narendra Modi as he struggles with his unpopular citizenship law. The bjp is headed for defeat. Lets get you to japan. We are getting the latest minutes from the bank of japans october meeting. Boj members saying it is appropriate to clarify the downward bias for rates. It overhauls their forward gardens and they are saying it is important to enhance cooperation with the japanese government. This was back in october before the 120 billion in fiscal measures announced by the japanese government this month, so lets get straight to the market action. We have the open in japan in south korea. And south korea. Open in japan and south korea. Sophie we have little in the way of fresh catalysts. We will be watching for reaction to news that boeing has requested to halt shipments. Sony interview after the company apologized to customers for not being able to keep up with demand. It looks like a muted session is underway. Chan
Say cuts are needed to pick up momentum. Lets turn the page. Lets look at where currencies are at this point in time. Dollaryen, taking a look at 1. 0939. Taking a look. The shock of flooding. It consolidates in. Pretty much a subdued session. At 1197. R index rishaad lets take a look at india. The session is about 43 minutes away. Futures at the moment down a fraction. Getting you up to speed with what happened. A very topsyturvy day in mumbai. At the end of it, we were pretty much where we started, flat, but we did have some pretty big deltas. Rupee continuing to weaken. Against a little bit of Dollar Strength among some of these emergingmarket currencies. Thething which had gone by wayside a couple of weeks ago when we saw the reserve bank do nothing with interest rates. 50, bute looking at they did not do anything. Some of the verbiage has turned more dovish. As a result, people have been sending yields down. 6. 57 in the 10year note. Lets move things to first word headlines out th
His cabinet. Caroline. Us bring in about psa. T ask you what do we expect to hear from the board . How quickly will the acquisition happen . Groupne we have the psa Board Meeting this afternoon. Signing and mo you by the end of the day. Sources, to bloomberg one big obstacle has already been removed. A stake owner is backing the mou and this is key. Remember in june, the state backer was responsible for making the merger between fiat and. The future governance of the new entity and the synergies between them and the psa group. To remainthe chairman chairman of the new entity. Expect also the psa group to have six seats on the board. We expect the entity to be based in the netherlands. It will have offices in new york, paris, and milan. To access the u. S. Market with chrysler and jeep. However, two legal obstacles remaining. One with italian authorities and the other with chrysler being accused by General Motors of bribery. The company has denied wrongdoing. Anna thank you very much. M
First candidate was going to tell us why we should elect him. Former great senator from the state of delaware, former Vice President joe biden. [applause]. Mr. Biden ok. Welcome. Mr. Biden thank you. It is good to be home. Vice president biden, we are in a room full of teamsters and i want you to tell all of them here and all of them watching, why they should vote for you. But no malarkey. [laughter] first of all i should thank you. The only reason im sitting here is a 1972, i was losing in the polls the sunday before the election. The newspaper went on strike. Ct the printers, you guys put in a gigantic insert in the sunday paper to go out on the republican party. Wouldnt cross the picket line, and i won by 3100 votes. [cheers and applause] you guys dont like secondary picket, youre wrong. We, the reason is, look, i am as my grandfather say, labor from belt buckle the shoe soul. I understood very basic notion. Wall street didnt build the United States of america. The middle class buil