Economic dialogue will lead to the delegation to washington from january 13th to get you know they will sign the phase one with the u. S. And china and us are in close communication over the arrangement of agreements signing. Now details on phase one have still not been released and china has yet to confirm any changes or the size of purchases of american soybeans and other exports note that while this was pumped up as a victory and a major progress in america beijing has been more measured in its public statements ahead of the signing china appears to be flexing back openly purchasing soybean cargoes in brazil and dashing hopes for big american sales this also highlights chinas discipline only purchasing americans applies when they are cheaper than elsewhere makes perfect sense why pay more when theres better deals to be sourced elsewhere this is the basic law of competition that the u. S. Is always telling but they dont seem to be too thrilled about competition when the shoe is on th
Confirm any changes or the size of purchases of american soybeans and other exports note that while this was pumped up as a victory and a major progress in america beijing has been more measured in the public statements ahead of the signing china appears to be flexing back openly purchasing soybean cargoes in brazil and dashing hopes for big american sales this also highlights chinas discipline only purchasing americans applies when they are cheaper than elsewhere makes perfect sense why pay more when theres better deals to be sourced elsewhere this is the basic law of competition that the u. S. Is always telling but they dont seem to be too thrilled about competition when the shoe is on the other foot brazil is forecasting a record soybean crop bring prices down and while china as part of this phase one trade deal has to buy up to 40000000000. 00 in u. S. Ag year this remains a moving target as china has not officially confirmed or committed to this quote up there is heavy doubts over
Delegation while monday through wednesday. Value at the invitation of the. Book a member of the Political Bureau of the communist party of china. Stronger of the state council and chief of the chinese side china u. S. Economic dialogue will lead to the delegation to washington from january 13th to you know what they will sign the phase one with the u. S. And china and us are in close communication of the arrangement which remains signing. Now details on phase one have still not been released and china has yet to confirm any changes or the size of purchases of american soybeans and other exports note that while this was pumped up as a victory and a major progress in america beijing has been more measured in the public statements ahead of the signing china appears to be flexing back openly purchasing soybean cargoes in brazil and dashing hopes for big american sales this also highlights chinas discipline only purchasing americans applies when they are cheaper than elsewhere makes perfect
What, what have we got here, 8. Revenue up, ad sales up, profits up, and there are now 2. 45 billion active monthly users. It was a spectacular report. Stocks up. These two stocks are helping the market but a statement from china has put a damper on things. Beijing says its doubtful that a longterm trade deal can be reached. China concerned about the impulsive nature of President Trump. Where did they get that from . The dow industrials down about 50 at the opening bell. S p down six, a fractional loss for the nasdaq. Then theres politics. Namely, the vote in the house this morning, starting the impeachment process. This has consumed the congress. It has not consumed the market. It seems to be ignoring d. C. Entirely. We will follow it and pay special attention to votes of moderate democrats from trum trumpleaning districts. Will they approve removing the president from office because of a phone call to ukraine . Cant wait to see. Stay right there. Varney company is about to begin. The
Auction yesterday. Today, iee rising should point out the 30 year u. S. Treasury yield of flirting with the 2 mark. We are at 1. 5 on the 10 year. 1. 43 on the twoyear. Some interesting activity on the bond market. Interesting activity in the fx market. Were seeing some bids in yen and gold as well. Volume is reasonably light. Stocks are trading lower. A bit like the United States were just off the session lows. We currently have 104 stocks up in europe. 489 trading lower. Very negative today when it comes to the european stock market. The pound is certainly training trading lower. Under the current terms it looks like a brexit deal is impossible. Lets pick up on that theme. Chairman ofs the the European Banking Authority. Brexit potentially 24 days away. Our europes banks ready . We just sent out communication today on we think the infrastructure is in place. Thanks should be ready for contingency particularly hard brexit. We think that in terms of actual hard movement, movement of da