Nordstrom, one of the retailers that defined expectations this week, it seems like the market is all over the place with these retailers, to put out a positive vibe for the holiday season. Earningscame out with that pleased the street. A lot of shortsellers likely to get squeezed today. Other consumer goods were up 6. 5 . Smuckers has been punished with the likes of conagra and campbell. Guy in europe, we have stocks higher. Volume looks all right. The pound trading lower. In terms ofk services and manufacturing. We saw a week data coming out of the eurozone. Christine lagarde has been talking in germany, talking about the idea that we need some joined up thinking when it comes to Government Spending and monetary policy. Will that actually deliver . We will wait and watch. Vonnie lets get to hong kong. U. S. Legislation supporting protesters has been drafted and agreed to by both houses. As for President Trumps signature, he is counting amid trade talks with china. I stand with hong ko
Let us quickly check on the markets. Quite a lot going on. I am looking at the stoxx 600 in europe which is gaining a touch on the backs of gains in Energy Companies and a bullish outlook from one of the sectors bellwether. Looking at the dollar. And the fed and what we will hear from powell. Therude oil including impact of the opec meeting. We need to wait a little more to see how long we will cut production. A lineup our lineup today is looking pretty good. We feature some of the top names in banking and economics including Tidjane Thiam. We speak strategy and outlook on the Global Economy. And jim oneill. He speaks u. K. And emerging markets. Later, we will also speak with John Studzinski from blackstone. Let us get straight to the bloomberg first word news. Nejra in the u. S. , the Senate Tax Bill is headed for a debate. Should it pass, Republican Leaders will have to hammer out a compromise. Two republican members of the senate what your say they may not agree to vote the measure
Lacqua in london. Bonds marketsd are closed for this Martin Luther king day. For our american viewers, happy holidays. A little pressure coming from some of the earnings. Without a doubt, these data points come from china. Which is why i am looking at the chinese data, filtering to the y uan. Eurodollar, 1. 2230. Euro strength, dollar weakness. Will that continue and when will it hurt european exports . 60. 25. Brent, 70. Airbus joins us in 30 minutes. They could check on the a38 if there are no orders from emir ates. Ofs, the vice chair Blackstone Group joins us. And of course, tom keene is in town for the week. Lets get to the bloomberg first word news. Nejra donald trump is an asteroid of awfulness according to the u. K. Shadow foreign secretary. Trump on the ut at bbc. He is an asteroid of awfulness that has fallen on this world. Ithink he is a danger and think he is a risk. I dont want him to come to the country. I dont think he should have been given the invitation in the way tha
We have great guests to talk about your markets by your politics and the economy. But first things first, lets quickly check on what the data is telling us. If you look across assets, it is very clear that stocks are down the touch. They actually recouped some of hatir losses under news t north korea is ratcheting up its threats against the u. S. The yen stay put. Im uncertain about how to trade yen. It would be one of the countries in the line of fire, if something were to happen in the Korean Peninsula. Treasuries retreating. The dollar falling for the most in two weeks, on the back of north korea. Wti. We just spoke to nine a jury in oil the Nigerian Oil Minister. Plenty more on that. It would also get manufacturing figures out of the eurozone. Better than expected. Said, geoPolitical Risks weighing on the market. Kim jongun has threatened u. S. With the highest countermeasure in history. The foreign minister includes that says that could include testing a Hydrogen Bomb in the pacif
Becomes the first world leader to meet u. S. President elect donald trump since his election win. Back in japan the boj fires a warning shot at the bond market, announcing its first offer to buy an unlimited amount of securities to maintain its yield curve target. We also look to a Rate Decision from a country whose currency has been battered by trumps election. Will mexico hike rates . Anddoes president obama Germanys Angela Merkel meet for farewell talks, what will trumps policy mean for europe . Plus, trump versus trump. How Donald Trumps business interest could see the president elect face more conflicts of interest than any other administration in u. S. History. First lets get the bloomberg first word news. Heres nejra cehic. Nejra a key member of donald says the Incoming Administration is exploring ways to fund fixing roads and bridges , including an option proposed by hillary clinton. Steve talked to the socalled infrastructure bank, something trumps team had slated as being con