New zealand going to issue 60 billion kiwi with Government Bonds between now and next year saying the net debt will rise. That will be in 2023. That is coming out of wellington. Looking at what is happening we have got the australian markets on the way. Of huge ball in the number people out of work but the Unemployment Rate better than expected, down to the dissipation rate their, falling quite drastically as well. That is where we have it. China 10 year bond. We have got yields going back as the price goes up. Risk off sentiment, facing unprecedented threats from the coronavirus and monetary and fiscal policy makers must rise to the challenge. Jay powell pushback talk of negative rates. Is an unsettled area i would call it. There are fans of the policy, but for now it is not something considering. We have a good toolkit. That is the one we will be using. Haslinda joining us from new york is nicole webb from weld enhancement group. So the fed saying not likely to go negative, but it is
Tank. Forail we had big gains u. S. Stocks, big rebound rally, but not so much for the emerging markets. The emerging markets index closed down fractionally. Over the last 10 days, 10 days in a row, that is the longest losing streak since 2015, the worst since the Fourth Quarter of last year. Was down ahead of the volatility. Macro concerns around a trade war and everything else, including the fed. In white, the s p 500, in yellow, the emerging markets index. Rebounding from the big selloff last year, trading mainly in lockstep. In april, it started to turn down ahead of that pullback from the s p 500 in may. Liquidity and trade war concerns. A bit of a recovery for both. The s p 500 at the market recouped or than one third of the losses today. It is a good time to focus on the stocks most susceptible to a trade war. My colleague cameron created the trade war index. 25 stocks at least 5 billion in market cap and derive at least 15 of their revenue from mainland china. This revenue has
Beltway lobbyists than anything else. Melissa yes disany out with the quarterly report. Will the Political Correctness of espn way on the companys dot lines. Well give you the headlines. Melissa i want to know the thinking in the senate. Dow closing down 101 points, united mcdonalds, American Express as the biggest losers. We were down 250 points, that happened after treasury secretary Steve Mnuchin made these comments to Maria Bartiromo around 11 26 this morning. Were sticking with the 20 . That is critical. Okay, the 20 rate is critical, even if its a year later . Again we would rather it sooner but well work with the house and senate on the rollout of that. Melissa oh. David work with. Work with. Melissa seriously now the senate plan has since been released and the one year Corporate Tax delay is in it to 2019 by the way. Lets bring in Nicole Petallides on the floor of the new york stock exchange. I mean, nicole, i ripped out all my hair. I had to glue it back on. What happened down
The two things we are focused on , the middle cap middleclass give a tax cut, and it the Corporate Tax rate is as low as we can get it. Senate finance will consider plan next week while the house bill will go to the floor for debate. Consumer confidence in the u. S. Stayed high. The Consumer Fund act stayed in afidence was range that is close to a 16 year high. Talks have resumed. Both sides are hoping to agreement by the end of the year. Wants to get a deal quickly to move on to negotiations on trade. Global news 24 hours a day powered by 2700 journalists and analysts in 120 countries. This is bloomberg. Julia live from bloomberg headquarters in new york, im julia chesley. Fu, im scarlet joe im joe weisenthal. Whatd you miss . Meanwhile the house ways and Means Committee has advanced its tax plan. Paid in highyield and spreading after disappointing earnings, aakness and telecom justify rollback. We will bring you the numbers and instant analysis. Whatd you miss . And are to tax reform
Ahead without a vote from parliament. Watch bonds as odds on december approach 80 and oil is up for the first time in five. Road map begins with facebook, Company Reported beat but investors focusing on the cfo comments of slowing Revenue Growth. Fitbit shares getting clobbered this morning. Poised to open lower by 30 . Just as competition grows in the wearable sector. And the election days away, polls show trump and clinton neck and neck. Both candidates making the rounds in battleground states today. But facebooks our top story, down in the premarket. The social Networks Revenue outlook overshadowing those better than expected quarterly results. This is the cfo on last nights earnings call. Ad load has been one of the three primary factors fueling that growth, with a much smaller contribution from this important factor Going Forward, we expect to see ad Revenue Growth rates come down meaningfully. Secondly, on expenses. Though it is premature to provide specific expense guidance, as