To see whats next for this special singer and good morning, everyone. Apparently no christmas break for the impeachment break. President trump is celebrating christmas on maralago. Accusing nancy pelosi of hating the entire Republican Party. The moment standing in sharp contrast the president s making his own list of whos nice like Mitch Mcconnell. A very good guy, a very fair guy. And whos not like fanly pelosi she hates the Republican Party. She hates all the people who voted for me reporter frus stated as democrats back the House Speaker has she holds off on sending the articles of impeachment to the senate until shes confident that process will be fair. Instead the president insists its republicans who have the upper hand ultimately that is going to be made by Mitch Mcconnell and he has the right to do what he wants. The trial start date in question overseas. The so called christmas surprise north koreas been hinting at for weeks. Officials releezed these photos on horse back. Well
Im Wendy Gillette in for annemarie green. President trump is in florida for the holidays, but thats not stopping him from ramping up new attacks on House Speaker nancy pelosi. He lashed out at her again yesterday for withholding the housepassed articles of impeachment from the senate. Chip reid is traveling with the president. Merry christmas, fantastic job. Reporter President Trump sent Christmas Greetings to Service Members stationed around the globe, then took questions from the press. He bitterly criticized House Speaker nancy pelosi for leading the charge on impeachment. Shes doing a tremendous disservice to the country. Shes not doing a good job. Reporter pelosi has refused to send the articles of impeachment to the senate until shes convinced the senate trial will be fair. The president said thats not up to her, its up to Senate Republican leader mitch mcconnell. He has the right to do whatever he wants. Hes the head of the senate. Reporter the president was also asked about nor
The pound is leading the way across the u. S. Dollar. Thes up about 0. 7 against dollar. It is time now for the global exchange, where we bring you todays market moving news around the world. Our bloomberg voices are on the ground with todays top stories. Lets start by going over to hong kong, bracing for more this option after christmas protests led to clashes between demonstrators and riot police. Igh joins us on the telephone. Give us a sense of what is in store. It sounds like theres more planned for friday and going into the new year. Karen theres protests planned for this evening in an area of the city that has seen some of the worst protests over the past six months, and again over the weekend in an area near the chinese border. All of this is leading up to a day, rally on new years led by organizers that have led some of the biggest protests since this began. The level of anger we are going to be seeing at the clashes willen protesters escalate, and we are looking for what this
Today, along with utilities. The dollar index weaker. Lets get to the markets now. Joining us in studio is Dennis Debusschere, evercore isi head of portfolio strategy. We have a great piece on the bloomberg today talking about the decade beginning with everything crumbling and a lot of panic, and now we are heading into a new year when apparently nothing can go wrong. Dennis i think part of the reasons the market is acting like that is because people think everything is going to go wrong. That has created what we call the silent melt up. This is actually related to the fire and ice title, which i think is excellent, because there has been a complete change in the relationship between bonds and equities. Bonds are longer duration assets as they had against lung equity exposure globally. That is usually a deflation hedge. Deflation was not something that existed preGlobal Financial crisis. There areist now, and only three Asset Classes you can hedge for deflation. That has anchored 10 ye
Vonnie may be the chinese economy is coming back. Maybe the government wants to get their arms around that and make it more transparent and a little easier. Peter the fact that there are more defaults is not by itself bad news. They were suppressed before. You had a lot of Zombie Companies that were being kept alive artificially. Now companies are being allowed to default. The late Carnegie Mellon economist used to say capitalism without failure is like Religion Without sin. David exactly. If you will have a healthy capital market, you have to have a way of people to falling. It is true in new york and london. Maybe it will become true in china and beijing. Peter today the chinese leadership came out with a concept for how to regularize defaults in china so that things are done by the book instead of in an ad hoc kind of under the table sort of way. Vonnie inc. David encouraging news out of china. Thanks so much to peter coy. Now we want to turn to sonali vasek. Talking about banks, we