Is when Prime Minister netanyahu faces a challenge up to the leadership of the party after failing to form a government. Lets talk about trade and not the usual tensions between the u. S. And china. There is escalation cost true trade wars two trade wars. Move is cutting tariffs, a partly aimed at expanding imports. The news comes as beijing and washington work to finalize the signing of the first phase of the trade deal next month. Japan and south korea agree to negotiate on export controls. President moon jaein and Prime Minister shinzo abe will meet for bilateral talks i tuesday, tomorrow. Joining us to discuss in more detail, bloombergs executive editor for Greater China john liu. Why is china cutting tariffs now . Remind us the process involved. John some of the products include pork, which is important to china. There has been a shortage domestically and we are coming up on chinese new year, peak season for me demand. Getting imports will be very helpful for president xi jinping
Lets look at markets. We are not saying much. Coming up, you will hear from this man. Our interview on risks and Financial Markets. And Brian Moynahan on the state of the american consumer. Lets get bloomberg first word news. Frozen pork, pharmaceuticals, some reductions from china, not related to trade discussions, but part of beijings effort to support the claim it is opening its economy. Weekend, aa tense Police Officer pointing his revolver at protesters. U. S. , President Donald Trump asked about ukraine aid before his call with the countrys president. The heavily redacted emails were by the Nonprofit Center for public integrity. They show the administration ordering a hold on aid in our after the phone call. Bush fires burning out of control in new south wales. Died,st nine people have hundreds of buildings have been burned down. The fires of being stoked by record temperatures in the region. Guy the s p is up, bonds are higher, gold is gaining. What about next year . Is joining
Governments agenda. Welcome to this bbc news special of the state opening of parliament. Im simon mccoy. The queen has laid out the conservative governments agenda for the year, following last weeks election win. There are around 30 bills. Lets have a look at some of them. Front and centre is delivering brexit by bringing the eu Withdrawal Agreement bill back to parliament to ratify the brexit deal agreed by the government in october. There will also be legislation on immigration. The government says it will End Free Movement of people and pave the way for a points based immigration system. On the nhs, there is a funding bill to enshrine in law the governments commitment to spend an extra 3a billion in cash per year by 2023 24. On education, there will be increased levels of pupil funding in england. And on social care, there is not much detail, but a pledge that no one will have to sell their house. And the government will seek Cross Party Consensus for further reform. On justice, the
The margins there seems to be more optimism in the markets that the yearend wont bring the crunch we had forecast. This is the picture for european stocks up 0. 1 . 1. 3096. D, a phase one trade deal. At 96. 3,ng in betterthanexpected after they had a figure of 95. 5 and thats moving euro a little bit. Coming up we will discuss the and also dont miss our exclusive interview with the chief executive, thats coming up at 1 00 p. M. London time. Lets get straight to the first word news in new york city. President trump is accusing Speaker Nancy Pelosi of turning chamber. Into a star powerump laying out his and obstructed congress. Later today the house is effective vote to approve two articles of impeachment. The u. K. Credit outlook has been upgraded by both s p and after Boris Johnsons conservative party won a decisive majority in last weeks elections. S p raising the outlook from negative to stable. Fitch taking them off rating watch negative. It removes the immediate threat of a downgr
Incredible this evening, but everybody could take a sharp when that poll came out. This changes so much as we look forward to what comes next for the Brexit Process. It gives Boris Johnson flexibility. The hard brexit is, i dont need you anymore. You are not going to stand in my way you potentially did. Also the way you did with theresa may. Dup, erg, noer the longer these factions, outside yet always in the conservative party able to dictate policy. As we hear from Allison Donnelly on twitter, shes talking about how this opens the possibility of a substantive brexit. Bruegel, from reminding us there could be flux ability around that trade relationship, Boris Johnson saying he doesnt want that flux ability, things he said he would do but that didnt come to pass because he found other people standing it is way and he had to adjust course. And it is devastating for the labour party. The reflection it is going to take place there, i think there may be that Jeremy Corbyn steps down, others