Over the spread of coronavirus tensions have been running high in hong kong with ongoing protests against the passing of a new security. Donald trump has been branded a climate arsonist says wildfires burning across the west coast of the u. S. Become a hot political issue the president has visited the state of california for briefings on the growing disaster insisting that scientists are wrong and that it will get colder. As more. Exhausted firefighters are doing what little they can to battle the monster inferno consuming towns and homes and lives. Mondays drier conditions and gusty winds meant no respite as nearly 100 fires continue to burn across 12 states give these otherworldly scenes are New California has now experiencing several summers of severe wildfires realizing predictions of a climate report released by the white house in 2018 but President Trump who flew to california for fire briefings continues to deny manmade Climate Change exists it will start getting cooler i will j
What do they want to hear . Or is it potentially that they just want to be the ones to hear it. The lead on writing a definitive ruling on something as foundational as whether this president , any president , is above the law. But you cant separate that motivation from the timing. Why did it take so long for the justices to decide to hear it . And why will it take so long for them to actually hear it. The court has worked faster before, including on Hearing Arguments regarding the colorado ballot. Again, the timing here matters. Not just for this case, which is now unlikely to be tried before election day, but Donald Trumps other cases as well. The classified documents at maralago, maybe even georgia, if that case ever even gets off the ground. Or the arguments regarding the colorado decision to remove trump from the ballot. Theres so much to consider. The motivation, the political effect on november, and the future of the court itself. How much public trust can it stand to lose before
Year stocks falling for a third day. , luxembourg and portugal higher. As a whole, the stoxx 600 is down for a third day. We are seeing the euro rise to a threeyear high against the dollar. All these currencies rising against the dollar as yields are gaining across europe today. Fairly hawkish comments from the ecb about the qe program. We will talk to Richard Jones about that one a little later. We had some pmi manufacturing data out of the u. K. Today. Lets look at the eurozone equivalent, rising by a record in december, capping a solid year. 60. 6 was the figure. That is a big increase in line with flash estimates since the survey began in 1997. The performance in december was not a flash in the pan. The average reading for 2017, new orders rose the most in 17 years, export demand at or close to record levels in a number of countries as well. Eurozone manufacturing, this is u. K. House prices. Two coastal areas saw the biggest house price increases in the u. K. Last year. Cheltenham
Today. We will be discussing this later on in the show. David lets head over to emma chandra with the first word news. Were moren there deaths overnight in antigovernment protests. Iranian state television reports that at least nine people were killed nationwide. A dozen had already died in demonstrations that began last week over the governments handling of the economy. The president has defended the right of people to protest. The u. S. Has confirmed that mike pence is delayed trip to the middle east is on for this month. Arab leaders denounced the u. S. For recognizing jerusalem as israels capital. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. Im emma chandra. This is bloomberg. Alix middle east still front and center. We thought we might have put that a little bit aside. Not so much. That for an exclusive discussion on the global risks shaping 2018 including those from the middle east we want to join Bloomberg Radio. Our collea
Week of 2017. We tend to see the socalled santa claus rally. That was not the case but we are seeing a rebound heading into 2018. It is not enough to bring the major averages to records. That enough to recoup the losses we have seen not enough to recoup the losses we have seen. We have seen this winning streak for you buy stocks. Major ever for u. S. Stocks. Monthly returns for the dow in particular, nine straight months of gains, the longest monthly winning streak since 1959. We will see if that can be extended into january. Modest gains but nonetheless gains for the dow. We got some truck makers getting upgrades from jpmorgan. In particular, baxter was also upgrading over bank of America Merrill lynch. Also an upgrade from wells fargo. All of this has to do with the outlook for these companies for 2018. We will dig much more into abbott and drugmakers in general, later in the program. Retailers, watching those as well. Nordstrom was upgraded to neutral. Analysts raising price targets