Our bloomberg voices are on the ground with this mornings top stories. We begin in asia. Chinas economy stabilized last quarter, showing greater than expected strength if december. Fourth quarter g. D. P. Rose from the year earlier. Joining us now on the phone from beijing is james, bloombergchina economy editor. Walk me through the details and where the question marks are still Going Forward . Reporter looking at the data that came out today, it really was a surprisingly strong finish for 2019, for chinas economy. I think if we look past the g. D. P. Numbers, chinas g. D. P. Is more a political target than a real indicator of whats going on. If you look at the retail sales, Industrial Production and fixed investment numbers, there was a bit of a rebound in december. Sort of ending the year on a high note. A part of that was, i think, the chinese numbers efforts to sort of support companies is working and also i think the optimism you may have seen in december from the signs that the t
As we settle in i often pick a word for the day. A kind of how i govern myself often times and my frame of mind. But today im going to take an image of the day if you look at your screen, one of our commissioners shared with me this image and i think it sets the tone and stage and underscores the importance of why we are here. This is a chinese book for kindergartners and even if you dont speak chinese, circled r. Two letters, ai. Kindergarten textbook. The senator talked about us getting ready from grade school to graduate school. Now we are talking about kindergarten or even pre k. If we are going to keep ahead and stay number one when it comes to ai so i just want to start with this image because again it really for me underscores the urgency of why this commission was formed and why its so important as we are here today. We have a broa had a broad mandh concrete steps the government should take to build and maintain a Machine Learning work force to address the National Security def
[applause] good afternoon, everyone. As we settle in i often pick a word for the day. A kind of how i govern myself often times and my frame of mind. But today im going to take an image of the day if you look at your screen, one of our commissioners shared with me this image and i think it sets the tone and stage and underscores the importance of why we are here. This is a chinese book for kindergartners and even if you dont speak chinese, circled r. Two letters, ai. Kindergarten textbook. The senator talked about us getting ready from grade school to graduate school. Now we are talking about kindergarten or even pre k. If we are going to keep ahead and stay number one when it comes to ai so i just want to start with this image because again it really for me underscores the urgency of why this commission was formed and why its so important as we are here today. We have a broa had a broad mandh concrete steps the government should take to build and maintain a Machine Learning work force
Word for the day, it kind of governs how i conduct myself often times and just my frame of mind. Today, im going to pick an image of the day. If you look at your screen, one of our commissioners shared with me this image. And i think it really sets the tone and the stage and underscores the importance of why we are here and the significance of this panel. Is a chinese book for kindergartners. Chinese,ou dont speak circled our two letters. Ai. Kindergarten. Textbook. Ai. Us senator talked about tooling ourselves and getting ready from grade school to grad school. Now, we are talking about kindergarten or even prek, if you are going to keep ahead and really stay number one when it comes to ai. I just wanted to start with this image. Because it really, for me underscores the urgency of why this commission was formed and why it is so important that we are here today. Nscai has a broad mandate and working group number three is charged with recommending concrete steps the government should t
Sanctions. Partslan to sell vehicle to help its turnaround and get back on track. It is also still looking for a new ceo. Shery lets check the markets. U. S. Futures unchanged at the moment. U. S. Stocks struggled throughout the session. S p 500 slumping after the fed rate decision. Markets taking it is a hawkish cut. In fact it did recover towards the end but it finished basically unchanged. We also had Energy Stocks dragging on the index. Crude falling for the last two sessions after that 15 gain we saw monday. At the moment unchanged, below 60 a barrel. Financials gaining ground today. We had yields plunging after the fed intervened and the repo markets injecting cash to soothe the money markets. That was paired back a little bit after the fed rate decision. 10yearold 10 year yield finishing around 1. 80. Paul some breaking news on the bloomberg terminal. The Hong Kong Monetary authority is cutting its base rate to 2. 25 . Pretty much as expected after the fed move today. So we have