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We bring you todays market moving news from around the world. Our bloomberg voices are on the ground with this mornings top stories. We want to begin with china. The government has agreed to cut import tariffs on a wide range. F goods joining us is stephen engle. Break down what we know about the tariffs, why now, etc. Stephen this comes fresh after a trade one agreement a phase one trade agreement. A gesture, yes, to show its lowering trade barriers, but it also wants to spur domestic spending for those 859 products he mentioned, from smartphone parts to food, in particular, frozen pork. All of these products will enjoy lower tariffs, and it comes as china hosts a critical trilateral summit this week that has already kicked off in beijing between china and japan. South korea will also take part. Trade, territorial disputes, military maneuverings, of course, exacerbated by north thoses posturing, and all historical animosities still persist. So those talks should be welcome. Been korea ....
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 al ....
We are going to bring you todays market moving news from all around the world. Our bloomberg voices are on the ground with this mornings top stories. We are going to start with the latest in asia, where chinese officials concluded the biggest meeting of the year in china. The gathering of the communist Partys Central Committee focused on the economy and hong kong protests. Going me is and occur in joining me is enda curran. What did we learn . ,nda it was a fourday closeddoor meeting. They spoke mostly about rising domestic and international risks, and of course, the backed up domestically being the slowing economy, unrest in hong kong, and internationally, trade war with the u. S. We didnt get any Major Economic initiatives out of it, but we did get some signals that it is doubling down on party control, and ensuring much stricter oversight of hong kong. There was ....
Exchange, where we bring you todays market moving news from all around the world. Joining us from brussels, bloombergs maria tadeo, from london, ed evans, from the white house, Kevin Cirilli, and Michael Mckee joins me here in new york. First we want to start in brusselss maria tadeo. We are taking a look at euro area confidence falling to the weakest level since 2017. Maria tadeo joins us for more. Maria thats right. The numbers were particularly bad when it comes to industry. Trade uncertainty really weighing on prospects on the outlook. This is particularly bad for germany. This is a very export oriented economy. In europe, germany is coming under huge pressure to engage in fiscal stimulus to drop that black zero, no deficit policy. We are looking for any signs this is going to happen anytime soon. We are just not there yet. Has got to be, brexit. We are just four weeks away ....
Cant believe we didnt tell him it wasnt for sale. I cant believe this is even a conversation. David when this first came out, every one thought it was a joke. Hes just getting hes just kidding. And then maybe not so much of a joke. Alix do we know why he wants greenland . David because the arctic, particularly because of climate change, has become much more important. There are really Strategic Interests in greenland. In fact, president truman tried to buy it in 1948 for similar reasons. You invited meis to my house, im not coming unless you sell me something. Alix in the market, we had retail earnings coming out. We get a nice rally underway here. Eurodollar is flat. It is a mostly weaker dollar story in the g10 space. Selling in the bond market with the exception of italy. Inflation expectations continue to rollover. No one taking any big positions headed into jackson hole. The question is how you hedge this. David time now ....