Lizzy good morning. This is bloomberg daybreak europe. Im lizzy burden in london and these are the stories that set your agenda. Rebound in china and hong kong healthstream losses but contagion fears mount over chinas property sector and sluggish economy. Divisions over a decision most fed officials see significant upside risk to u. S. Inflation, but two favored leaving rates unchanged. Plus, the one falls, shrugging off beijings most forceful guidance since october. The yen tumbles through prior intervention levels to near its weakest this year. Welcome to thursday. The two stories of the week have only gathered pace. First the fed looks like it will keep rates higher for longer, that narrative strengthened by the latest fed minutes and strong u. S. Seco data. November pricing picked up slightly and investors are selling treasures. The Market Outlook for 2024 is its most hawkish yet. Twoyear yields hovering around 5 . The 10year at levels last seen in october. Yields continuing the ri
Lift their minds to the pure, t serenity of your presence challenges with faith and challenges with faith and optimism. May they find delight in doing your will because your precepts are within their hearts. Remind them that all that is necessary for evil to triumph is for good people to do nothing. Deliver them from sins of commission and omission. As you liberate them from all lessor loves and loyalties until they find in you their reason for being. We pray in your holy name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to the flag. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Mcconnell mr. President . The presiding officer the majority leader. Mr. Mcconnell yesterday the Justice Department released a transcript of the orlando terrorist 911 call in which he claimed responsibility for the attack and declared his loy
Stuck in a debt trap malaysia tries to renegotiating a better deal for a pricey rail project with china. Lets do business hes ok has finally reached the man at the top martin. Is on his way to court his company manipulated diesel emissions tests on millions of vehicles around the world it got around environmental regulations cheating motorists into thinking they were buying greener cars the Public Prosecutors Office in the germans had found five is charged into court and for other executives with fraud the scandal blew up in september twenty fifth scene a few days later into corn resigned has always denied any personal involvement in
the affair which has cost the comic a billions of euros in fines. To frankfurt for a financial correspondent. Is this the moment that the critics have been waiting for. Oh yes been absolutely it is this is a great day for many people here who are part of this whole Deal Gate Scandal in one way or another if you think about it for many it was really persona
The president elect hasnt held a News Conference since late july. Its changing. What can you tell us . Tweet comes announcing this, will be having a general News Conference in big letters january 11th in nyc. Thank you. So this is obviously a News Conference thats been longanticipated by reporters. He campaigned constantly criticizing Hillary Clinton on how long it had been. It had been 270 days since she had spoken to the press in that format, for him, its going on 150 days or so, depending on what you consider his interactions with the press. Hes expected to address his business dealings, how hes going to handle his many businesses. Hes expected to add much clarity to that. But this is a general News Conference, so other things will many could up too, he did have a little interaction on new years eve, but this is a fullon News Conference where reporters are going to throw anything theyve got at him. And its a little more important now, actually a lot more, because he is the president