Particular pressure early in the session, but paring some of those losses, down by about 0. 3 right now. We had seen the pound gaining on the back of those polls i mentioned in the headline, but that seems to be shortlived. Now we see a fairly flat pound. 1. 2916 is where we trade on the u. K. Currency right now. Lets check out a bloomberg first word news update. Heres leighann gerrans. Ighann beijing told the u. S. Ambassador to quit meddling in hong kong affairs. The chinese also warned the bill could affect cooperation in important areas. The u. S. And china are in the midst of negotiating a trade deal. The white house is pushing to wrap up negotiations on a new trade deal with mexico and canada. The agreement known as usmca has become President Trumps top legislative priority. The administration and House Democrats have been locked in talks for months to secure a vote before the end of this year. Democrats want more enforcement of labor issues. Both mexico and canada say there has
On. If we dont get more cuts, presume believe that is negative for oil prices. Eurosterling around the 0. 85 level. Got closer to it a little later on. This is a big line of sand for that pair. We are now up by 0. 2 . The hong kong story absolutely front and center. President trump signing a bill expressing u. S. Support for the protesters in hong kong. It is a move that threatens to complicate trade talks with china. There was a lot of reaction around the world. Not a welcomet is news, but the Market Reaction so far has been pretty calm, so to speak. Basically, its just another thing like having the tariffs. Its a thanksgiving present for everyone. This too shall pass. This was more posturing than substance. This is a real headache for them to try to figure out what is going to be a violation of human rights. How are they going to decide that . It is a foregone conclusion that he would sign, so china is prepared or was prepared for this. The new bipartisan consensus from both the u. S
Francine lacqua here in london. U. S. Treasuries are closed for the day. A lot of markets will be thin. Stoxx 600 gaining 0. 1 . The other big Market Movement this was happening is what is happening to the pound. We will speak to the pollster that put this yougov hole putting the majorities ahead. It always a good idea to look at yen. Gives us a good litmus test for risk out there. Coming up on bloomberg, we speak to the football legend Rio Ferdinand 30 minutes from now. Well ask him about what business can learn from sports and why he is working with the u. K. Property market. The Hong Kong Hong kong has found themselves at the center of tensions after President Trump signed a bill supporting city protesters. Requires special review of the trade status as well as sanctions against officials deemed responsible for human rights abuses. It threatens to copper gate trade talks at the two sides get close to a deal. Lets get the latest from jodi schneider. First of all, trumps action is exp
Spoke by phone with President Trump. Was there a quid pro quo . Its the late show live. Tonight not debatable and stephen plays rugly with new zealands allblacks. Plus, stephen welcomes John Heilemann and alex wagner featuring live jon batiste and stay human. And now, live from the ed sullivan theater in new york city, its Stephen Colbert cheers and applause stephen woooo thanks for joining us stephen oh, yeah. Theres nothing like it. There is no feeling like teverybody. Hello, jon you ready . Jon were ready. Lets get it lets go. Audience Stephen Stephen stephen. Stephen were piping it right here. Audience Stephen Stephen Stephen Stephen beautiful beautiful . A ap rocky. Jon yeah, i like that. Stephen hi, everybody, please, have a seat. Thank you, friends down here, up there, all across america welcome, welcome, ladies and gentlemen, to the late show. Im your host, Stephen Colbert. And we cheers are live, live, right there after the democratic debate. It is the fifth debate, right . Th
Walk back of Single Player singlepayer, now planning to do it in two stages. And Pete Buttigieg is doing very well in iowa. Down 2. 4 . Guy the dollar has been dropping in relation to these comments we have been getting, both from the fed and from the president. You can see that when you look at what is happening in the cable rates. I am also looking up the bloomberg dollar index. The cable rate now up by around 0. 5 . Some of that has come in the last 10 minutes. With stocks actually reasonably soft in the session, we are moving down toward session lows. Volume is very light. What is interesting is we have not seen much reaction in the bond markets this afternoon. A little bit on the bond market, to much, 34 when it comes the german tenyear. Vonnie the president s meeting with the fed chair, jay powell, the president tweeting out that they discussed Interest Rates and negative interests. Joining us now is bloomberg our gences demeans as Damian Sassower. We hear jay powell specifically