Economy. Thats certainly what the market believes. Theres no other way to explain this. Look, weve had sub par 3 gdp for ten straight years, a record for the united states. And the only thing that changed, weve had more of the same under mrs. Clinton if she was elected president and brought in her cabinet was donald trump started introducing a business Friendly Administration and business friendly cabinet, at least perceived that way by wall street. And theres historical precedence for this. Calv coolidge came in, took government out in the 1920s, thats what created the boom. Ronald reagan did the exact same thing. And president clinton, whos been given credit for probably mistakenly for creating the internet boom, he was lucky that happened. But what he wasnt lucky about was in 1996 he created Small Business fairness act, which greatly cut regulation. And that attributed more to president clintons boom than the internet did. So, yes, i think the market looks at this, looks at history
One china policy should be tied to trade. Prices, this Historic Deal to cut output. Oil jumping over 4 . Jumping to the highest since july 2015. Saudi arabia signaling it is ready to cut output more than agreed, while a nonopec countries including russia agreeing to pump less. Sophie we will have more about that deal in a bit, 30 minutes away from the open in china and hong kong. Singapore, taiwan, and malaysia coming online. What is going on in the oil patch . Game inhere is only one town, and it is demolishing every other safe haven. Gold retreating, bonds falling, all on the account of renewed Risk Appetite after the meeting between opec and nonopec members. Saudi arabias surprising the markets, saying it is willing to cut more than pledged. Russia and other noncartel members coming on board as well. Stocks, oil Energy Stocks leading the gains. Energyheavy markets like a straight up, the nikkei 225 getting that double boost, oil majors leading gains, but the impact of a weaker yen,
Time wont be granted to raise cash. Minister is tasked with forming a new government. U. S. President elect donald is sticking by the one china policy should come with the united ts for states. He points the finger at beijings currency and taxation policy. In n trial, i. M. S. Head is court on charges of negligence rom when she was frances finance minister. Were outside the court ahead of the event. Welcome to bloomberg day break europe our flagship morning show. Im anna edwards. Netflix ng bad, the series, this is what happens with oil. The question for the market is is the oil price, the yield as well and the u. S. Is this whatever it takes moment. Line in this story this morning. To cut below the big of 10 ogical level Million Barrels of oil per day. Since the opec meeting back in the middle of november. Here in the tracking and the effects that these big is having l prices along with the fed conversation u. S. Nald trump on the 10year yield heading for its biggest quarterly increas
Selection of secretary of state. Reportedly, president elect donald trump is close to selecting his secretary of state and the name comes from big oil. Andtillerson, the chairman ceo of exxon mobil is a worldclass dealmaker, stay tuned, according to donald trump. Alreadyators are expressing reservations because of his close ties to Vladimir Putin. Putin is a thug and murderer and anyone else who describes him as anything else is lying. We cannot have an accommodation with the russians until they understand what Ronald Reagan taught them and that is peace through strength. Right now, we have no peace and no strength. I dont know what his relationship with Vladimir Putin is, but it is a matter of concern. David joining us now is the president of the council of Foreign Relations. Book, aso author of the world in disarray. Thank you for being here. What do you make of this possible nomination . Do you agree that is where it is going and what would it mean for state . It is a hard transitio
To go around. Crisis, crisis, ladies and gentlemen, thats giving everyone a giant hangover. Well explain as power lunch begins now. Welcome to power lunch. The dow moving lower again today. Take a look. The Dow Jones Industrial arch now, its lower by 34 points and we were roughly 95 points away from the dow 20,000 level. There are still some notable standouts in the broader market. Nvidia, microsoft hitting record highs, melissa. Heres what else is happening at the hour. Freddie mac says the average rate is 4. 3 . Boeing says it delivered its 500 dream liner jet and a major winter storm is closing in on the plains. It could bring blizzard like conditions by christmas day. A busy two hours as we kick it off with a news alert. What were watching, shares of Energy Transfer partners. The big pipeline operator. They are moving higher. The brief spike just about now. On heels of dow jones headline, saying private equity firm blackstone is possibly in talks to take a stake in assets. Not the