Pres. Trump going big, we can do it two ways. We can keep going back every day, every week. We are going big. That is where mitch mcconnell, that is the way he wants to go, the way i want to go. I think we want to get it done and have a big infusion as opposed to going through little meetings every couple of days. We dont want to do it that way. We want to go big, go solid. The country is very strong. Weve never been so strong. That is what we are going to be doing. We dont want, with this invisible enemy, we dont want airlines going out of business, we dont want people losing their jobs or not having money to live when they were doing very well just four weeks ago. So we are going big, and that is the way it will be and that is the way everybody seems to like it on the hill. Susan historian and author amity shlaes, that is President Trump in one of his recent announcements about the goals on a big series of Economic Relief packages to stem the Economic Impact of the coronavirus. Other
President trump talking about trade gave us an insight into the u. S. And china in terms of negotiations. A lot of focus is on what is happening in hong kong with heightened tensions playing their part in a selloff. The u. S. 10 year yield is at 1. 1010. Eurodollar at coming up, we speak to a bank chief executive a little bit later on. Lets get straight to bloomberg first word news here in london. 3g capital is said to have submitted a bid for an elevator business. That comes as a surprise with 3g having made a name for itself buying food giants. They understand the elevator unit could fetch more than 15 billion euros. They are still debating a minority or majority stake. Hong kong has announced a suspension of all schools in the city. This as the security chief warns of unthinkable consequences if violence continues. Early commuters packed on to the first trains amidst calls to impede rushhour traffic. The International Energy agency says Global Oil Demand will likely plateau around t
Do you save this rally or buy into it do you fade this rally or buy into it . Those are the questions throughout the next two hours. For now, it is time for global exchange. We will bring you todays market moving news from all around the world, from shanghai to berlin to london. We begin in shanghai, where president xi jinping address Global Investors for the First Time Since china and the u. S. Resumed trade talks in september. He were a firm set the country would open itself up to trade even further. In order to boost growth at home and create more , chinar Global Growth will give greater importance to import. We will continue to lower tariffs and institutional transaction costs. Alix joining me now is bloombergs china correspondent selina wang in shanghai. President trump wasnt specifically mentioned, but it was almost like he was there. A thats right. Im here at the shanghai Second Annual import expo conference. There are thousands of countries here from from alibaba to astrazeneca
Opportunities. The yuan went through seven offshore for the first time in a long time overnight. This, of course, a concerted effort to put pressure on the u. S. Rollback of tariffs, in which case president xi would travel to the u. S. To sign phase one of a deal, or so we are led to believe. Down. The lockup is expiring tomorrow. Some are seeing a net negative, and could be a little but of profittaking. Guy european stocks fading as well, now only up a little bit. It was a decent rally earlier on, but certainly fading, noun by 0. 1 . The euro continues to languish, 1. 1075. Why hasnt it rallied more over the last month . The rand continues to make gains as well. Didnt get a downgrade friday. We will go live to janice berg later in the program to johannesburg later in the program. Reaffirmsxi jinping that his country would open itself up to trade even further. Here to discuss all of this, jane foley, rabobank head of fx strategy. The trade rally has had a big impact on assets. Do you t
Elizabeth warren, its recession. Carol and 2020 will bring about the great antitrust reawakening. The question is not whether to break up companies but how the laws are enforced. Kailey much more ahead. We begin with joel weber. Start of a new decade, what are the big things we needed to be watching . You hit a couple. Recession is one thing everyone is wary of. It has implications not just for the Trump Presidency but for the Global Economy as a whole. We give a survey of the World Outlook as a whole. 2 growth is what has been a projected but theres always a chance of it being revised downward. It comes down to the u. S. Consumer. In many ways, the Global Economy is on the back of the u. S. Consumer. Carol from the economy to elections. And the u. S. Is not the only place where there will be elections. That is an expected story. We can say elections, thats going to be a choppy sea. One more interesting place that will take up bandwidth is the antitrust conversation. This will dominate