Highest level in two years trade headlines have us on record high watch for the s p, a closer call for the dow and nasdaq and would be the 27th record close of the year for the s p. Joining us for the other, stephanie link, good to have you here this afternoon. What does it mean . The computers take each headline as if its fresh what a difference a year makes is all i have to say last year we had tight fed policy, no idea what would happen with trade. This year we have much more accommodating fed and seems were getting some pieces of certainty on trade may not be what we want but making progress. Now i would argue a lot of this is priced into the market given weve had Market Expansion on the multiple but, you do not fight the fed and at the same time the ism and pmis are stabilizing and the data this week has been pretty good on other data points on the economic front we might have risk to the upside in growth for 2020 and thats why the cyclicals are rallying ive been biassed, its been
A lead role like youve never seen before. Because of the mere 7 year of it to the ends justify the means. Putins witnesses starts december 13th on g. W. The Trump Administration succeeds in reducing the trade deficit french figures show the u. S. Is importing and exporting some of the trade war with china but it could be a bad sign for the economy. Also on the show after some serious shortcomings and if you use money off Money Laundering efforts like the block now stall an e. U. Wide regulatory authority. And online stickers can become big business in china but the government is not always sharing in the fun. Stuff. Business on the w m how you gonna get us welcome to the program the u. S. Trade deficit drops to its lowest level in nearly one and a half years in october according to the Commerce Department a trade bill fell 7. 6 percent to 47200000000. 00 as both imports and exports declined this could be a direct consequence of Donald Trumps america 1st policy which has seen several ta
Slowing economy. Joining us for the hour, stephanie link great to have you. What do you make of this market right now . I have fatigue over trade i really do. Its impossible every day it changes. So im trying to ignore it and focus on fundamentals. Today i thought we got some good data on the economy. The philly fed better than expected vince were better than expected meaning he they went own maybe were bottoming. Lets see the flash pmis tomorrow existing home sales up 5 yearoveryear good consumer, lets talk retail earnings have been very good Minus Department stores and some one office. I think that bodes very well for the consumer fatigue over trade but excitement over m and a. Very much so. Im still excited by trade. Im more excited about bristolmyers closed earlier than expected. Thats a great story for 2020. So theres a lot underneath the surface to this market of whats going on and thats what im trying to focus on versus trade. Lets get straight to that big story, the potential c
Time now for global exchange, where we bring you todays market was a news from all around the world. From beijing to riyadh, to paris, london, and washington come our bloomberg voices are on the ground with this mornings top stories. We started in riyadh come over saudi arabia released its latest in riyadh, where saudi arabia released its latest budget. Emco has significant value aramco has significant value. We have done everything by the book. We are very pleased with the feedback we are getting from investors initially. We will watch how the market reacts. I am very optimistic because the Company Value is very significant, and we will let the markets cover that value. Eldin, comegamal anchor of bloomberg daybreak middle east, joins us now. Sef Share Trading starts at 10 30 in the morning wednesday, 2 30 in the morning eastern time. I know you are going to stay up for that, alix. 1. 5 of the company is getting floated, which is much smaller than some of the other flirtations that are
The government is not always sharing in the front. For business on the w m how do you get us welcome to the program the u. S. Trade deficit drops to its lowest level in nearly one and a half years in october according to the Commerce Department the trade bill fell 7. 6 percent to 47200000000. 00 as both imports and exports declined this could be a direct consequence of Donald Trumps america 1st policy which seen several disputes including a trade war with china the trade deficit with china fell about one percent to 31300000000. 00 while imports remained unchanged white house has accused some of the u. S. Most important trading partners including brazil argentina and the European Union manipulating their currencies at the expense of u. S. Manufacturers. In new york is standing by with more. Thank you very much for joining us yes now reducing the trade deficit as we know was one of Donald Trumps big goals is his trade policy working. Well at least for one month we have seen the in paying