Say the least after a bit of a rebound the other day when i was on with you, yesterday i was not here for what was a decline overall in all the markets. I think we are in a new era of volatility. Every single time we get an up opening people say, okay, i guess that selloff is over and when we get the printed selloff people say this selloff is going to go on for ages. I urge people to step back and recognize we are in a period where theres a lot of vacuum, a lot of people trying to buy when its going up, a lot of people trying to sell when its going down and just interpret that as just being enthusiasm, greed and then fear and accept it that its here to stay because its really the undercurrent behind these moves. Okay. And what does that mean in terms of this socalled playbook that you often offer people who listen to what you have to say sure. It means that if you think that it is going to bounce today because it was down hard yesterday, dont make the first move wait to see whether the
Seeing whippy action. Lots of movement happening all over the place. We are going to take you through all the news with global exchange, the market moving news from all around the world. From hong kong to new york to washington, our bloomberg voices are on the ground with all of this mornings top stories. Announced newj measures to pump liquidity into the markets to ensure financial stability. Joining bs enda curran. What do we see joining me is in the current joining me is enda curran. What do we see . They bought around 100 billion worth of stock funds and came out with an emergency statement making it clear that they will do whatever it takes liquidity ande is stability in the markets. The boj actions are flecked growing concern about dollar reflect actions growing concern about dollar shortage. We have seen australia pump in a lot of money, and china centralbank top off today with the rrr rate cut. That is all about freeing up funds for banks to lend more to companies that need it
That, 10 00 eastern, nancy pelosi will try to upstage the president. He will hold a News Conference to announce who will manage the impeachment drive when the senate trial begins next week. There is some gamesmanship involved, the speakers announcement is time to upstage the big event of the day, the trade deal signing. Nancy pelosi wants to keep the focus on the president s troubles, not the president s triumph. The market opens half an hour from now, no fireworks expected, the Earnings Report from big banks largely solid, no big surprises. The dow is going to be down 70. The s p seven, nasdaq down maybe 11. The stock price of target premarket way down. Disappointing holiday sales, stock is down seven but please remember target stock is up 94 last year, almost doubled so even a minor slip is enough to pull it down and that is what we are seeing now. He will be a rock n roll liveaction show and wait until you hear what the democrats said at the debate and what the president said. We ha
Can they deliver in shanghai . Bet that heaking a can succeed where others failed. To japan ands get south korea, coming online. Began is study. Fiveyear auction. Olding around we have not been at this level since easing ramped up. We are seeing the cost be moving to the downside about 4 10 of 1 . The korean won is on the retreat as well. A little change fluctuating after a threeday event with the aussie dollar holding steady. A look at how aussie bonds are faring. The 10 year yield fell as much as five basis points. Her marks in sydney, in which he noted that week consumption growth was a surprise but he remains confident that there will be a pickup. Looking at 63uan as we are waiting for more trade details. I want to highlight mexican peso trading around a high. After not time to celebrate just yet. Paul lets get some more on that nafta 2. 0. Last minute have arisen over the new trade deal. A deal was closer, but Speaker Pelosi saying nothing has been agreed to yet. Canadian official
Good afternoon everybody. Everybody who was looking at us fruitfully and in line in the security line to going to get in, and everybody who will be watching us sometime soon on a cable network. I am jane harman, president and ceo of the boston center. Today we are prepping a very complicated issue that is, you might be doubling of policymakers, in washington and all over the world. At least three parts of that problem are, the u. S. , china, and the five g supply chain. The Wilson Center has just produced, leaving my prop. This is the prop. A spectacular policy brief by Melissa Griffith who is in the front right here. You will see her ill obit. Which is entitled, there is more to worry about than what way. I say you get the gist of this. She will explain in detail but run, dont walk. During this to get this and read it. Meanwhile, what captures the attention around 5g is the china based weight has led the way in developing the superfast networks which will power some carving car Virtua