Do you save this rally or buy into it do you fade this rally or buy into it . Those are the questions throughout the next two hours. For now, it is time for global exchange. We will bring you todays market moving news from all around the world, from shanghai to berlin to london. We begin in shanghai, where president xi jinping address Global Investors for the First Time Since china and the u. S. Resumed trade talks in september. He were a firm set the country would open itself up to trade even further. In order to boost growth at home and create more , chinar Global Growth will give greater importance to import. We will continue to lower tariffs and institutional transaction costs. Alix joining me now is bloombergs china correspondent selina wang in shanghai. President trump wasnt specifically mentioned, but it was almost like he was there. A thats right. Im here at the shanghai Second Annual import expo conference. There are thousands of countries here from from alibaba to astrazeneca
Read about hackers i know there was a tesla that was hacked from a number of miles away i read so is it possible in the future were going to have to worry about self driving cars be hacked and essentially cars being weaponized perhaps and you know support of some terrorist activity told you it was weird its not a weird question youre actually spot on the reason we dont have Autonomous Cars on the road today because of some of these factors we have Insurance Regulations government regulations the hackers and the attorneys who are just waiting for someone to hack so the Current Administration has stopped what they call v. To v. Which is vehicle to Vehicle Communications and the reason that is thats going to actually slow down this Autonomous Cars and im currently today in buffalo we just had a seventy five car pile up because of a white out there is nothing an Autonomous Car could have done to save you it probably would have been worse and the reason for that is when those cameras which
Probably would have been worse and the reason for that is when those cameras which work on lidar and radar when theyre blocked because of ice and snow you need to have the skills in order to take over that vehicle if theyre not going to teach people how to drive cars anymore youre asking for a lot of problems so i think before you jump to the Autonomous Car concept maybe just call a new birth if you dont want to drive. Lauren fix the car coach i love that car coach great brand and we hope youll come back thanks for joining us take care any time thank you to. Time now for a quick break but stick around because when we return well examine britains trade options as brets it approaches plus well ask brian martin of trinity Asset Management if the bond markets are about to make a big move as we go to break here the numbers check out oil still above sixty it. At the closing bell. Los angeles the city of luxury and fame but also an Alarming Number of People Living in the streets. Simple fact
A ramp up the u. S. Production but u. S. Automakers got a makers are actually starting to build more factories here were hearing from different manufacturers of course kiya builds in west point georgia theyve expanded their facility theyre putting together a battery facility youve got hyundai building vehicles in alabama audi has decided to build for some reason in mexico well see how thats going to change with nafta which may go away if nafta goes to the north American Free trade agreement that could really impact product going to and from mexico which could increase the cost to manufacture so theyre really doing everything they can to build more vehicles here g. M. Is on board with that chrysler is on board youre seeing every manufacturer think you know what theres got to be a place somewhere in the United States that would like to have our facility and youve seen even toyota they moved to texas and built a huge facility so they know exactly what theyre doing. Lauren were about out o
Play by the rules. Dont steal our intellectual property. And then answered questions on taxes. Reform is as important as tax cuts. First to do it since reagan. Bonuses. Now its who will give the most. Repatriation. Very happy to see apple invest 350 billion in america. Overall, our president promoted america forcefully. As to what he brought to the table as president , making money, he said. Im good at it. Peculiar now disappointment this morning in the economy on the october through december period, it is growing at an annual rate of just 2. 6 . Not as strong as weve been hoping for. Yes, it could be revised later but thats a disappointing number. No complaints from investors. Stocks will open higher again this morning. We should be up about 26,400. The dow rally. I should say the trump rally has now added 8. 4 trillion to the value of all stocks. We do have two political headlines. The white house immigration plan spends 25 billion building a wall and allows 1. 8 million illegals a p