Meeting with governors that he believes that the fed chair is doing a good job. Also saying dr. Anthony fauci wants to play all sides of the equation. Nowas been pushing back on is the time for the economy to reopen we could backtrack on the progress we have made in the midst of the pandemic. To talk more about the market slide today, i want to bring in taylor riggs. Turned negative for the year. We saw the nasdaq boosted by tech considerably over the last several days. What has happened to start this turn . Taylor we have had some poor economic data. I want to talk about some of the cpi data to reinforce what we already knew. We are in a deflationary environment. You also mentioned jay powell. He said the economy faces unprecedented risks and could lead to economic damage. What that means for the nasdaq we have erased the gains we have had for the year. Year bynegative on the about 1. 2 . As you mentioned, big tex has been big tech has been in outperform or. Outperformer. The rest of
Saying. We are getting headlines out of the iea. It depends on what is happening in the middle east given what has happened in iran and the last 15 days. The International Energy agency saying the oil supply is a vulnerable as middle east tensions flare up. Ieas always good to see the thinking. You can see the brent. Stocks are gaining 0. 4 . We are we have to see and i will show you later that we have a tight range when it comes to treasuries and dollar pound. Significant one because there is more bets that the bank of england will cut rates in january i believe january 30. Coming up, we hear from the chief executive of allianz. Something you do not want to miss. That is coming up a little bit later. Lets get to first word news. Viviana we begin here in the u. S. , the house of representatives sending two articles of impeachment. It is the first step to begin Donald Trumps trial almost certain to end in acquittal. Chief Justice John Roberts of the u. S. Supreme court will preside over
No end in sight to the dissatisfaction on the streets. Abigail can the u. S. Continue its expansion in 2020 even if the fed stands fast . Experts examine indicators and offer insight. Fundamentals for the economy are good. There is potential slack out there. There is still a lot of people who could work. Im happy with where policy is at the moment. Abigail it is all straight ahead on bloomberg best. Hello and welcome. Im abigail doolittle. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a look at the top headlines. The final week of a volatile year for the Global Economy began with encouraging signals of a return to stability in china. Chinas Economic Performance improved in december for the first time in eight months with early indicators showing production in the worlds secondlargest economy accelerated as domestic demand stabilized and meanwhile, Chinas Central Bank h
Dissatisfaction on the streets. Abigail can the u. S. Continue its expansion in 2020 even if the fed stands fast . Experts examine indicators and offer insight. Fundamentals for the economy are good. There is potential slack out there. There is still a lot of people who could work. Im happy with where policy is at the moment. Abigail it is all straight ahead on bloomberg best. Hello and welcome. Im abigail doolittle. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a look at the top headlines. The final week of a volatile year for the Global Economy began with encouraging signals of a return to stability in china. Chinas Economic Performance improved in december for the first time in eight months with early indicators showing production in the worlds secondlargest economy accelerated as domestic demand stabilized and meanwhile, Chinas Central Bank has ordered lenders to a
Orchestrating that attacks against the u. S. Embassy. No end in sight to the dissatisfaction on the streets. Can the u. S. Continue its expansion in 2020 . Indicators and inside. Fundamentals for the economy are good. There is potential slack out there. There are people who could work. Im happy with where policy is at the moment. It is all straight ahead on bloomberg best. Hello and welcome. Im abigail doolittle. This is your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a look at the top headlines. The final week of a volatile year for the Global Economy began with encouraging signals of a return to stability in china. Chinese Economic Performance in predecember improved in december with early indicator showing reduction in the worlds secondlargest economy accelerated as domestic demand stabilized and meanwhile, Chinas Central Bank has ordered lenders to adopt this pricing regime for all credit f