Largest economy in europe for 2019. There are more concerns about the global trade deals than there was yesterday. You can see european stocks pretty much flat. The dollar pretty much a steady. We are getting some data out of germany shortly. We also speak to the dallas fed president , Robert Kaplan at 3 30 p. M. London time. Lets get straight to the bloomberg first word news. Now, u. S. Story for tariffs on china staying put. The Trump Administration is likely to keep them in place until after the president ial election. Any relief is also contingent on compliance. Steven mnuchin and says tariffs wont be removed until the next stage of a trade deal. These tariffs will stay in place until there is a phase two. If the president gets a phase two quickly, he will consider relieving tariffs as part of a phase two. It has nothing to do with the election or anything else. Today, the u. S. And china are scheduled to sign their phase one trade deal. 1 billion is the figure by which jp morgans
For. Hi, everybody this is bulls bears, thank you so much for joining. Happy valentines, im david as my prejoining me on the panel jackie deangelis, jonas ferris, capri cafaro and gary b smith. Charlie gasparino is reporting behind the scenes that they want biden to drop out in favor of Michael Bloomberg. He even said he feels sorry for biden but he has no chance. Joe is not letting go telling the ladies on the view that he still has the edge on bloomberg. I dont think you can buy an election. Everybody thinks that. One of the advantages and disadvantage, ive been only got to the process who has been totally vetted. Ive had a target on my back since i got in, im still standing. And i will get a chance to debate their bluebird, get a chance to debate him from redlining to stop and frisk and whole list of other things. David does joe biden have enough political mojo left to reverse the mode known to him of sanders and bloomberg. I think that the wall street folks are onto something. I pu
And the impeachment debate moves forward. A ceremonial process after a vote that was mainly split along party lines. Live we are looking at a shot on capitol hill in washington. House Speaker Nancy Pelosi named the managers of the impeachment case against President Trump. This kicking off a ceremonial process that transfers the impeachment case to the senate. Today, the house voted to transmit charges to the senate. That vote was mostly along party lines. Very similar to the december 18 vote to send articles for abuse of power and obstruction of congress. We will bring you those events as you happen. First lets get a quick check on the market close in the u. S. Stocks again at record highs. We have the u. S. And China Signing the phase one trade deal and markets getting a boost after white house Economic Advisor larry kudlow promoted tax cuts. They set a record for the sixth consecutive trading session. Had disappointing results from Goldman Sachs and bank of america after mostly posit
Expectations. Looks like it misses the analyst estimate. That perhaps is why you are seeing a drop in after hours trading. Services, 6. 81 million, that is an adjusted number. Revenue,arter adjusted you could say it misses or meets the average analyst estimate. Right now, looks like investors see it as a miss. Romaine it will be interesting to see. We are still waiting for broadcom and adobe. A lot of these idiosyncratic stories linked to the macro. Scarlet in the meantime, lets talk to our market reporters. Once again, i am taking a look at volatility. Lots of funky things happening there, mainly the fact that it is coming back. Right now, the s p 500 at a record high. The vix closed up three weeks in a row. This is something to Pay Attention to, because that happened in early january before the beginning of the volatility. That huge spike up for the vix in white, the s p 500 falling at the beginning of the trade war, than the volatility to come in the end of 2018 with a similar situa
World headquarters in new york. The other big news we are hearing from sources telling bloomberg that President Trump has signed off on that trade deal, phase one with china, and also avoiding that 160 billion of chinese goods being given more tariffs. The plan was for this sunday, the deal could include agricultural goods, purchases from china, not to mention perhaps those existing tariffs also being lifted. Thats get the Market Reaction right away because japan and south korea are coming online. David ingles is in hong kong. What are you seeing . David if you took that and went long in the cash market on sterling or any of these as well, certainly, 13 514 whats your session high on cable. One thing to note on this as 2 wouldthing beyond make this the biggest drop since 2009 so these are quite substantial moves you are seeing. Lets flip the boards and have a look at the open across the region right now. Overall, asia is back to the highest level since august of 2018. I am guessing wit