What difference will it make for the u. S. Economy . Is this priced in . Peggy we did not see the markets move much. A lot of this is priced in in terms of the economy. What it is is a political win for trump before year end and nancy pelosi has positioned it as a way to say to her constituents, we are still legislating even though we are going ahead with impeachment. David it looks like the usmca is a done deal. What about the china trade negotiation . We do not seem to ever quite get there . Peggy we are plunging toward the december 15 deadline on sunday. It is the zero hour in terms of whether we get a phase one deal before the december 15 tariffs were scheduled to take effect. Our latest reporting is looking like there could be a delay on sunday, even if they do not get the terms of a phase one deal done in time. David thank you so much for joining us. That is Peggy Collins from washington. Now we go to london. We have a yougov paul. A yougov poll. What did it tell us . Therese it
Shery and a rocky road ahead for china. The worlds top auto market heads for an unprecedented second Straight Year of failed declines. Comingnd south korea online. Here is what to watch. Sophie stocks open higher with nikkei and topics opening with two. 2 . Data earlier this week showing a pickup in business spending and reduced prices. The yen looking steady after jay powells speech which reinforced the dollar has a negative bias. Which assets will benefit most from the feds 2020 outlook . We will check in on the open in seoul. 7 . Ospi up we have aussie shares moving to the downside with a risk on move this morning. Futures are also gaining ground. It lets check in on currencies this morning. The aussie dollar bumping its timeagain for a sixth moving below 68. 80. And the british pound back up above 132 above 1. 32. More on u. K. Politics now, heres a check of first word news. U. K. Votes later thursday in an election that will defined the relationship with the eu for years to come.
Increasingly concerned. It is the economy. Jay powell fed chief jay powell holds where facetoface talks with President Trump. Warnings from within the fed. Rosengren eric morning policymakers against putting financial policy at risk. We will hear exclusively from him. And now, back to sophie for a look at australian markets. Higher. 6 200 is opening a2 milk leading the pack. Aining 17 after reporting better margin outlook. Checking in on the aussie dollar. Ahead of the rba. Still clearly and a focus for the currency. 1 ancks are adding on hour into cash trade. Futures Holding Steady in chicago. Lets see how we are sitting up in hong kong. Hans sang futures are under pressure after the rebound. Speculation that chinese funds are providing support for the market. Even so, there is some investor caution given they are rethinking their positions with the increasing violence in hong kong. We did have the hans sang in the hong kong index regain their 50 day moving averages. Lets jump to the
Before but investors remain bullish. We are on record close watch for the three major averages, as we stand, the nasdaq and s p pretty comfortable. The dow just higher, though, by only 0. 1 . Industrials the only sector in the red. Consumer discretion. Joining us, josh brown from Wealth Management. Well done. What did i say . Im not sure. It was cute. I got close enough. Lets stay on track nasdaq, dow, s p. With almost nothing in the red at all. Its bigger than that 52week highs for the slf. Bank sector. Very, very key incredibly bullish Consumer Sector spydr. Look at the usual suspects, xlk. Off the radar things that are happening thats really interesting. This might be because enough tax law selling has already occurred or traders are anticipating the end of that. Some of those highprofile ipos that blew up this summer and fall are starting to make meaningful moves off their lows, looking like they could be putting in a sustainable bottom. Peloton, after a very disappointing debut. S
Bolton and mike pompeo as folks who were complicit in these arrangements the testimony of Gordon Sondland had been widely anticipated because hes one of the only witnesses being called who has spoken directly with the president. There is uncertainty over how many times he spoke with the president , but hes someone who appears to have the president s thinking and now in his Opening Statement he will say that he believes there was a quid pro quo. Guys, back to you. Really quick, the times this morning also adding another layer that he kept the secretary of state mike pompeo perhaps more informed than we were previously led to believe. Any sign of that in the testimony that you have seen reporter the testimony itself is 19 pages long for his Opening Statement. So were still digging through it and, of course, well hear him deliver it in just a few minutes. But one thing we also do know is that he largely confirms the account of a state Department Aide who says he overheard Gordon Sondland