Look agoing to. No legislation. Whenever a 5593 page covid relief bill is, its not a law. None of the socalled legislators of the socalled Legislative Branch right or read their own, quote, legislation. I used to be naive enough to think these perversions of laugh were at least written by staffers. Like that nice lady who sits next to Chuck Schumer who looks her best to be dazzled by his rhetoric. My best guess now its a google algorithm. The lobbyists enter their wish list at stiff the citizenry. Com and then the algorithm turns it all together and you find out you are getting 60 bucks for every month you havent been allowed to open your gym or hair salon and some Village Hedman in who gives astan 30 times that take your child bride to work day promotion. Its not a parliament. Its not legislature not a citadel of democracy. Its a Per Severitied will dungeon of democracy you are hanging upside down and no safe word. Last night we finally found out what the citadel of democracy is a cit
Ipo. Welcome to bloomberg daybreak europe. Areis easing as members grappling with issues of stricter compliance. Manus cranny is there. Great to see you. Looks like saudi offering a carrot and stick. Manus yes. Cuts compliances science. Nobody was talking. Iraq raised the flag of a cut of 400,000 barrels. Everybody stopped speaking. As far as societies are concerned, we all get on board and comply a little bit more, which is what you all promised to do. Nigeria and iraq. That could help. If you help me, i will help you. New saudicence of the oil minister, it is his first meeting. I have the sense that that period of grace and favor for everybody is over. He is putting his stamp on this meeting. Nobody is talking. There is even talk it could be canceled. The bottom line is this is a meeting where they do need to deliver. The risk is long on rhetoric and the lack of delivery. Good morning. Nejra long on rhetoric, lack of delivery. They cannot cancel it. I need to see you in it. In the me
On the others of the aisle, Jeremy Corbyn. Do not miss it. Manus it is bloomberg daybreak europe. It is all about global trade and the impact. Singapore export orders crash and burn 13 . Have you got a mindset of what is china growth, sub 6 . Nejra have you got a mindset of what that will mean in terms of stimulus . Some of the signals from the pboc when they talked about growth and inflation over the weekend was as things get worse, they want room for more policy moves. You can take something away from that, too. Policyyes, and those adjustments have moved the dial slightly. They are back at levels we have not seen since 20152016. Constructive discussions in trade help the equity markets a little bit and the pboc drip feeding rate cuts. Before biggest Central Banks in the world are on easy mode and perhaps we are under assuming the capacity of qe 2020. Lets look at the s p futures. Credit suisse says an extraordinary rally can endure. The u. S. Will underperform in 2020 because of pea
Lets begin this morning with President Trumps Executive Order temporarily banning immigration from seven countries. Were building that wall. The Justice Department has Just Announced a Special Counsel to lead a new investigation into russian influence in the election and whether there was coordination with members of the Trump Campaign. President putin was extremely strong and powerful in his denial today. President trump becoming the fourth american president to face the prospect of impeachment. It feels as if, culturally, were in a cold civil war. [theme music] [donald] when mexico sends its people, theyre not sending their best. Theyre bringing drugs, theyre bringing crime, theyre rapists, and some, i assume, are good people. When trump announced his candidacy for the presidency, he was not seen as a serious candidate. He, himself, confided to some of his advisors. Essentially, whats the downside . This is a great marketing exercise. I will build a great, great wall on our southern
[reporter] we are living through a real moment of history. -who s next? -[crowd] class war! all the world is watching! stand back and stand by. [reporter] the president has tested positive for covid-19. it is a scam-demic! [reporter] the coronavirus vaccine is here. the people of this nation have spoken! they have delivered us a clear victory. we will never give up, we will never concede. [crowd] whose streets? our streets! [amanda] while democracy can be periodically delayed, it can never be permanently defeated. [music] [crowd] five, four, three, two, one! [donald] hello everybody, happy new year. happy new year. we re gonna have a great year. i predict. i think it s gonna be a fantastic year. we had the best economic year, i think, in our country s history. beginning of 2020, it was donald trump s election to lose. he was doing pretty well. the economy was in great shape. wall street s major industries are all closed at record highs. the dow climbed above 29,200 points for