Lets get straight into some of these burning issues. With me, bloombergs allison, lisa, and jason kelly. Lets start with allison. Investors have debated about how to invest in this years piling debt, given the u. S. Economy is ok. Lets hear what marathons Bruce Richards had to say. Bruce we are starting to see a negative quarter, this past quarter of Earnings Growth being negative, and i think we will see a couple more quarters of that in the early part of 2020. And when earnings go down, that is going to be a very key point for some of these companies that are so over levered when they have lower earnings and meanwhile, have to service this heavy load of debt. Lisa you have been covering the distress we have been seeing. Talk about how much there has been so far this year. So in november, we saw the supply distress debt hit 126 million, the most since august 2016. And really, the highest of this cycle. Historically speaking, that is really not that much in the grand scheme of things c
Lets get to our market reporters. What are we watching . The index watching cryptocurrencies including bitcoin and either. If we look at a chart of the global strength indicator, we can see it flashed a buy signal with the index getting it percent since tuesday. That is good news for crypto fans who have seen crypto come under pressure in the last few months. Your look at bitcoins performance, we can see it rose 277 through june, lost half of we valley since then, but have some analysts coming out and saying 2020 be better for crypto prices. Say bitcoin could rise as much as 10,000 in 2020. That would be quite the rise for bitcoin appeared on the rise this year, the s p 500 up really 29 . Santana clearly visiting stocks this year with the s p 500 climbing that wallow worry. The official santa claus rally pens on january 3. Lets look at a chart that may give some clues. Lets take a look at a threemonth chart of the s p 500 and the dollar. A risk on period with dollar yen and the s p 500
About we works toxic phone booth. Jason and a special summit on security. They have got a new exhibit called revealed the hunt for bin laden. We begin with our top stories. In the politics section, it is lights, camera, impeachment. Jason House Democrats count on public hearings to bring to life testimony that has already been given behind closed doors. Your is billy house in d. C. What we saw was concern on the part of state Department Officials about back channel diplomacy by rudy giuliani, and evidence, hearsay evidence, secondhand evidence of what they were hearing trump was up to. Kailey how long can all of this really go on . What is directly next is this upcoming week of four hearings, four separate hearings, including what could be the biggest one, that of Eu Ambassador gordon sondland, who is the one who may have had the most direct contact with President Trump on whether or not he wanted to withhold aid in return for investigations. The House Intelligence Committee is hoping
But quote, do i . He goes on to say that he will meet with the vice premier in the oval office. There is lot of talk from sources that they could possibly cut this short. The chinese are trying to come home with something related to a deal from the United States here. Chinese sources made it known they would like to do the agreement, what both people, what both sides agree on and work out a timeline for difficult things later. Kind of like what they saw with the japanese deal. Theyre looking for that as a guide line. The chinese would set a timeline for more difficult parts. The Department Department of age said chinese bought 134 million worth of soybeans from the United States. That happened this week. A significant number of pork purchased by the chinese. More goodwill from their side. One of the Top Priorities is to suspend the tariffs or roll back the tariffs that the u. S. Has in place. The president , the ad midge station says those tariffs brought china to the table at this poi
This morning, we have new aerial video to show you of this firefight. This is burning in a remote part of the merit island preserve on the southwestern tip of the preserve. It is not threatening any buildings or homes on merit island. It is an air are i cant that is step with heavy brush and veg taig, its been difficult to access some of the fire. It has burned 7 acres since 3 00 this morning. The fire is a percent contained according to firefighters so its not spreading out of control, just accessing it has been difficult. They do have hydrant service on merit island, the challenge for firefighters have running fire hoses to get access to the flames, firefighters tell us this fire was started by someone who intentionally cut power poles causing lines to come down and spark the fire. Can you clearly see someone tried to saw into the sides of the power pole there and caused the line to droop, the fire investigator believes someone who did this may have been trying to steal copper wiring