Comes to the opec meeting on thursday. Spread coming in at 57 basis points. And bitcoin. Is it going to be 10,000 today . Time for the morning brief. At 8 00 this morning eastern steven mnuchin, William Dudley on the hill of the sec will all be speaking in new york at a conference on the structure of the u. S. Treasury market. At 10 00 all eyes will be on capitol hill as Senate Begins confirmation hearings for Jerome Powell. And President Trump continues to campaign for a tax overhaul. He will be going back to the white house for a meeting with congressional leadership on how to avoid a government shutdown. Thats all coming up today. The big story into ec is Federal Reserve nominee for the chair, Jerome Powell. The gap appears to be narrowing between short and longterm Interest Rate raising concerns on the future of the u. S. Economy. Joining us now is drew matus, metlife and that achievement metlife management chief market manager. Are we expecting to see anything different from the c
There is rotation taking place record, the dow hits a not so for others that are under pressure. Garth from growth to value and you have benchmark with the growth and the credit keeps Interest Rates at an is belowre and this go up here andl here a big move expected and it suggested that this arquoise line will be aneficiary and there could be with thisation here areiction for 2018 and we here. To kick things off we are seeing the direction go down for equity markets here in japan and the stocks are is upng and the share marginally at the open. Now, this is a top pick and this trades at a session high with retailers reversing earlier declines sparked. Kiwi is finding support and this is becoming flexible. Look at thiscloser the that will come out and are performing well and you have one of the weakest down and of microchips in on this check position that extends after anding to a fivemonth low gains ase are slight there is a deal to build andented reality displays has kept climbing and
Lots to talk about. Looking at chinese debt, its another way of looking at all of this as the Deleveraging Campaign continues. , have a up the chart look at this is the borrowing binge. It has really been chronic. It is a chronic concern. Looking at this, we have total 206 of gdp, higher then twice the average economies. Should we be paying that much attention to the total amount or should we be looking ahead . This is deleveraging, the push that we have. There could be some light at the end of the tunnel for the naysayers about the chinese economy. Kong, shenzhen, shanghai and just under half an hour. And we have singapore, taipei, and kuala lumpur. On the street of dreams overnight. A tech rally, it was felt by the draw we saw in metals. It could be in for an interesting session. We will take a look at the big picture. The longest losing streak this year. A dollar. Tracking the decline into your treasury yields. Some of the tax talk optimism. Sliding with bond yields on the gdp. Seei
Christmas. Thousands are fleeing ongoing wildfires in southern california. Have burned hundreds of homes. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im jessica summers. This is bloomberg. Bloomberg technology is next. Emily im emily chang, and this is bloomberg technology. Broadcom posts numbers that beat across the board as it tries to pull off the biggest takeover in tech history. Amazon and alphabet butt heads over reciprocity with customers caught in the crossfire. A bloomberg exclusive, coinbases ceo offers his take on bitcoin, which just roared by 13,000. It has nearly tripled its user base. Lede, broadcom reports fourthquarter results forecasts, offering an optimistic outlook for the current quarter, indicating its smartphone customers are optimistic about them and about demand. Lets bring in our bloomberg editor at large, cory johnson. You have been pouring through the numbers. You said it was an interesting quart
The latest allegations of Sexual Misconduct. Oregon democrat ron wyden [no audio] the senates gop majority voted today to begin talks on reconciling the two tax bills. Lawmakers are headed to conference to work out differences and emerge with a final bill that could be passed by the senate and house and then signed by President Trump by christmas. Thousands are fleeing ongoing wildfires in southern california. Flames have charred 50,000 acres of land and burned hundreds of homes. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im jessica summers. This is bloomberg. Bloomberg technology is next. Emily im emily chang, and this is bloomberg technology. Broadcom posts numbers that beat across the board as it tries to pull off the biggest takeover in tech history. Amazon and alphabet butt heads over reciprocity with customers caught in the crossfire. A bloomberg exclusive, coinbases ceo offers his take on bitcoin, which just roared