The dow gained 91 points the s p only climbed 1. 9 . Nasdaq barely at all 0. 8 where do i even start . This morning kicked off with an interview we did with the chief Economic Advisor and my former cohost here on cnbc, he explained that the agreement side with china is a lot more farreaching than most people realize. It actually forces china to change the way it runs its economy to create a more level playing field. He said our relationship with china is quite cordial because the Chinese Government recognizes that the United States doesnt want to disengage with them. While this deal was being negotiated, the big fault line was repeating those who dont believe china can ever be redeemed so why not just keep hitting them with tariffs forever so wreck their economy and those that think that china can be a good trading partner if theyre willing to play by the rules. Call it the engage camp versus the disengage camp and the engage camp just won from the stock market perspective, that is fab
Underwater motorways heavy rain and floods put the brakes on the christmas getaway. Buckingham palace confirms that the duke of edinburch is in hospital. Coming up on afternoon live all the sport with connie. Waiting for announcement from arsenal . Were waiting for confirmation that mikel arteta is the new arsenal manager. Up until this week he was assistant coach to Pep Guardiola at Manchester City and in the last hour or so hes confirmed that arteta has left the club and hes in london. Chris has all the weather parts of the country flooded . We will be looking at how much rain has fallen over the last couple of days, bringing flooding seems like these, but also crucially as the Christmas Holiday getaway gets under way, we will be looking at what the weather has in store over the next few days. Thanks, chris. Also coming up. Three, two, one and lift off a new era in human space flight. Could this capsule one day take paying passengers into space . Hello, everyone this is afternoon liv
Technology. Coming up in the next hour, secret project. Have a team to working on Satellite Technology to be an Internet Services to devices. It will allow it to bypass Wireless Networks. Latest. Plus a pay raise. The reins, akes receiving a 242 million exception package. Details. Ve and big tech in 2019. Of the ent from one most anticipated ipos to a floundering company just survive. O we look at what it faces in the new year. But first to our top story, loomberg was the first to report that the iphone maker has a secret team working on a Satellite Technology. To find new ways to bring data directly to its devices. According to people familiar with the matter. He company has got a dozen engineers from the aerospace antenna Design Industries working on the project with the hope of deploying their results years. Five for more i want to bring in bloomberg technologies. What do we know about the so far . We know its top secret. Its operating like a startup inside apple. Has the ear of tim
Hour dow down by about 40 points, nasdaq up about four points. Watching the treasury market, youll see the yield for the 10year is at 1. 875 we have a big dip in the bri british pound. It fell more than 1 the government is looking to make it illegal to extended post brexit exit period theyll have to the end of 2020 for the transition period. Thats the time the eu will continue to apply if still a member Boris Johnson wants to cap that period to just one year to help fast track a trade deal with the eu looking past you phil to phyllis here boeing is down five, so it is flat again yesterday, we would have been up a lot more boeg is suspending production. Boeing plans to reassign workers and doesnt expect furloughs or layoffs but it will have ripple affects and impact thousands of jobs over a ripple across the supply chain it is not going to hike. Phil is on set with us it is better they can save some money. I cant believe you could build four of those in a month, which tells you the size
Good morning. This hearing on the subcommittee on readiness and management support will come to order. Today the subcommittee needs to receive the testimony from deputy secretary of defense David Norquist concerning the department of defense as 2018 and 2019 audit. Last year when he was serving as the dod comptroller secretary norquist completed the first dod audit ever. Soon thereafter secretary norquist was nominated and then confirmed as eckert deputy secretary of defense with Overwhelming Senate support from both sides of the aisle. He is a wealth of knowledge on these issues and i thank him for being here today. To a a lot of people aside fromy good friend senator perdue who im hopeful well be here a little bit later, dod audit might not come across as the most interesting topic in the world. However Ranking Member kaine and i take our oversight responsibilities seriously and are happy to have this important and timely hearing. Another responsibility we take seriously is one of pr