Better than the second. We expect the previous segment to grow double digits. Matt welcome to bloomberg surveillance lets check in on the markets this morning. It is a good day, not just because it is friday, though i guess it is good if you are long stocks. The broader European Index is up more than. 5 . Crude oil gaining more than 1 . S p futures are up as well, indicating a positive open at the u. S. Start. Coming up, we speak to the president of a General Motors, dont miss that interview at 3 30 p. M. London time. Probably thenveils most revolutionary corvette since the c1. Last night in l. A. , they unveiled the see eight chordate c8 corvette. Lets get to the bloomberg first word news. China speaking on the phone. This is the second time since the two sides called a truce. There are no details on what the trade team discussed. President donald trump reiterated he could impose additional tariffs on chinese goods, if he wants. Quote very close. Steve mnuchin describes a deal on the
Strict new rules to limit Carbon Pollution from power plants. This plan seeks to reduce Carbon Dioxide emissions by 32 from 2005 levels in 15 years. Thats 9 more ambitious than the rule proposed last year that was subject to a Supreme Court ruling last month. Environmentalists say it would be roughly the emissions equivalent of taking 150 million cars off the road. The epa says itll eventually save the nation 45 billion per year. Opponents say the total opposite. Thats what opponents do. They say that the development of alternative Energy Sources like wind and solar will raise electric rates across the nation, and they say the regulations unfairly target the coal power sector which is the nations largest source of electricity right now. Weve got it all covered. Were less than an hour to the closing bell, lets start the countdown. Liz well, that didnt take long. Breaking news, even before the president revealed new epa rules, six governors and a bunch of Utility Companies already pounci
Linking russian involvement in the election. Well speak with a former operative who questioned the cias sources on this. David . David very interesting. Back to the markets. The dow closing at a brand new record high. Call it paul krugman high, how about that . 15th since the election. Were about 200 points away from dow 20k. Johnson johnson, pfizer, walmart among todays biggest boehners. Oil driving ahead as well. Phil flynn watching action in oil and gold from the cme. We have lori rothman at the nyse. Phil first. What is driving oil up, phil . Boy, what is it, history, that opecnonopec accord. A lot of people said they couldnt get it done. They did it over weekend. Prices are up higher when they actually closed. They were up 2 1 2 . On the market sunday night it was up 5 . It pulled back quite a bit. One of the reasons it pulled back a lot of hedge funds pot long on rumor the deal was going to get done and took profits ahead of the fed announcement that will come out tomorrow. They
East peace is in jeopardy and a fiery speech, he defended the obama administrations policies for israel and the palestinians. Backlash from the jewish state and americas incoming president seemingly boiling over with the white house. Mr. Trump calling out president obama and the u. N. In a new series of tweets promising change after january 20th. Well talk about it. In jerusalem, you may have seen, this Prime Minister Benjamin Netanyahu issuing his own televised statement condemning mr. Kerrys comments as antiisrael. A lot of back and forth between ourselves and israel today. Back on the home front, though, amazon facing off against Law Enforcement and bentonville, arkansas. The Online Shopping giant echo device and alexa feature seen as the key to solving a murder. Why isnt amazon going to help the police out . The right to privacy versus Public Safety debate. Im Cheryl Casone in for liz claman on the floor of the New York Stock Exchange. Lets start our countdown. Breaking news wall s
The chasm widens. Im not talking about one of madonnas inappropriate yoga poses. But the free trade issue in the republican party. Free individual should be able to make predecisions without government encumbrance. Typically free trade makes people wealthier. Where competition flourishes, dollars flow, choices increase and lives are literally saved. Who can argue with this logic . Someone with a political cause. President trump won on that cause in keeping businesses within our borders is a winning issue. Beating up on china is easy, satisfying and fun. And then those who want to poke us in the face. The president rightly doesnt want that to happen, but hes misguide if he thinks limiting free trade and pulling out of the tpp and stocking his fond with nominees like the National Trade council and trade barber Peter Navarro and antichina strongman robert lightheiser. One of the president s first actions was to pull out of tpp. Another early order was a hiring freeze on all federal jobs e