Lots of interesting things going on today, but the number one thing without question is a deteriorating take in the last hour, and what is front and center in the United States is a reaffirmation of the first wave of the pandemic. Other issues on the virus worldwide, including in india, for example. Bombay shifting to really grim news out of delhi, a flareup in tokyo as well. Isthe United States, there no other topic than this pandemic. Jonathan totally agree. Claims 30 minutes away as well. We face elevated long unemployment. What we need is a clean reopening so we can bounce back quickly, and hopefully the temporary job losses dont become permanent. From an economics perspective, that is why the pandemic and the fragile data in states like texas is so worrying. Reopeningins the process. If it reverses it, worst case an area, we face a lot of pain for a lot of people. Tom i am going to suggest you put separately the pandemic and claims. I would like them quite closely together, in tha
A 50 billion deal and room to run. A closer look at the consumer and the stocks our expert guest says are the must buys heading into the new year as Worldwide Exchange begins right now good morning im dominic chu. We begin today in our Nations Capital warehouse democrats are set to impeach the president for the third time in the history of our country. The president sends a scathing letter to House Speaker accusing her party of, quote, unconstitutional abuse of bower. Going to tracie potts. We have new details of how this might play out and how it might get extended beyond the six hours of debate. In that letter you talked about. President trump on the eve of this vote is accusing democrats of declaring open war on democracy. Rallies across america on the eve of a vote to impeach President Trump on abuse of power and obstruction of congress i have not seen it. It is a hoax his comments follow a scathing letter to House Speaker demanding she immediately cease this impeachment fantasy ar
Talks could easily collapse. His bank being accused of the biggest breach of financing laws in australian history. We are here live at the Second Annual Bloomberg New economy form. We have big names coming up. Its a big moment in time. We are same economic power shifting from the emerging economies. One of the men at this crucial juncture when it comes to u. S. China relations will get you live pictures from austin, texas where President Trump is touring the apple factory. Imitated or try to copy my conversation, he made up went beforeon, congress, and made up a phony conversation just like he does every time he talks. He is a very dishonest very corrupt politician. The big upset as you folks know is when i released the transcript. I dont like doing that but you have to keep this very classified and confidential when you are speaking to heads of state. I released it because adam schiff and the whistleblower made of a phony deal. You should be ashamed of yourself. The press should be as
Later, stop trading. Thats the message to the aging generation well tell you why it could be a warning sign power lunch starts right now i feel so good being part of the aging generation yo boomers out there im standing tall with you all here is where we stand stocks are taking a breather from record highs. The company gave a grim out look saying its facing increased economic pressure. We dive right in now with walmart. The retail giant and d ow component hitting all time highs. Same store sales strong. Online sales surge 41 and they are seeing strong growth in snacks and beverages and fresh food digital and grocery Growth Drivers are the key. Does the stock still have room to run lets talk about that. Groceries have been a big driver theyre the largest grocer in the country and not by a small margin now they are going to orders and delivery and they will put it in your refrigerator. Sure. 56 of walmart sales in the u. S. Come from grocery. Just to put that into p perspecti perspective
He wants to work out a trade pact with the United States and has been trying to avoid a trade war but he also warned china is not afraid to retaliate when necessary. Eunice yoon joins us putting in his comments du jour. There is always something for those who think it is going to happen and then a qualifier. What do you think . That is right it is interesting that president xi jinping weighed in. This is the first time weve heard those remarks. Unfortunately, the content were not anything different from the standard government line about the trade discussions. He was speaking with a group of International Visitors including henry kissinger. His point was that china does want to have a phase one trade deal however there does need to be an understanding that u. S. And china are seen as equals and it has to be done with mutual respect. Thats what we had heard repeatedly what was also interesting was how he hinted at some of the tensions saying when it comes to the financial opening, china