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Our bloomberg voices are on the ground with this mornings top stories. We begin in asia. Chinas economy stabilized last quarter, showing greater than expected strength if december. Fourth quarter g. D. P. Rose from the year earlier. Joining us now on the phone from beijing is james, bloombergchina economy editor. Walk me through the details and where the question marks are still Going Forward . Reporter looking at the data that came out today, it really was a surprisingly strong finish for 2019, for chinas economy. I think if we look past the g. D. P. Numbers, chinas g. D. P. Is more a political target than a real indicator of whats going on. If you look at the retail sales, Industrial Production and fixed investment numbers, there was a bit of a rebound in december. Sort of ending the year on a high note. A part of that was, i think, the chinese numbers efforts to sort ....
Ever. Really big deal. Welcome to bloomberg daybreak. Happy monday after the super bowl. Alix did you watch . Bed. i have to go to i thought it was one of the best, most exciting games. Alix what was the best part . David the end of first half when they hiked it back. In therew it to foles touchdown. Alix what happened to tom brady . David he will come back. He is a great player. Game. As not his best he played really well. 505 passing game. Alix in the market we are looking at a selloff continuing. Dow jones futures are up 223 points. S p futures tried to climb to positive territory and now we back we are down yields unchanged but 2. 84 is where we are on the 10year yield. Cruise gets hit again, down. 6 . Broadcom is raising its operative to qualcomm. Supporting a market that just keeps getting hammered. David there just wasnt enough money and they managed to get it. Well talk more about that. It is time for the morning brief. Jerome powell takes the old draghi meetsmario right now it ....
New iphones go on sale as the stock feels pressured this morning. Plus, geopolitics over the market, north korea leader is say hell test a Hydrogen Bomb over the pacific. First up, though, stocks are looking to regain momentum after the dow snapped a nineday winning streak and hit an interday high early in thursdays market. War of words between the president and kim jongun. We had the sanctions yesterday of the u. S. And china and now a threat over the pacific. The escalation is notable this week, michelle. Journalists know that the statement of kim jongun came from him directly. Usually north korean media, et cetera an escalation certainly but still not that much response i mean, considering what donald trump, the president said on the floor of the u. N. General assembly on tuesday, not a huge reaction yet over the concerns markets are putting it in that file that says, its been going on for decades maybe an incremental escalation ....
About the selloff in treasuries. One of the underperformers in germany 50 basis points. We made it. David we will get a range of u. S. Economic data at 8 30 a. M. Eastern time, including core pce and Second Quarter gdp. The Kansas City Fed president at 9 45 this morning. Will speake chairman 15 minutes later at a conference in london. At 1 00 this afternoon, the u. S. Treasury will sell off 28 billion in 10 year notes. Emma President Donald Trump kicked up his campaign to cut tax rates for corporations and individuals, casting the proposal as an economic jolt for hiring across the country. The Corporate Tax rate at 20 . Framework, we will dramatically cut the business tax rates of that American Companie ....
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