Moving news from around the world, from hong kong to new york to d. C. We start off with the latest in trade. Larry kudlow im a white house Economic Advisor, signaled the u. S. And china are close to signing phase one. We are coming down to the short strokes. We are in communication with them every single day right now. Joining me on the phone from hong kong is enda curran. Does china agree with this assessment . Musiccertainly, the mood from both sides now is that they are on track to reach some kind of agreement. Mr. Kudlows comments came only a day after china agreed yesterday to lift a ban on poultry imports from the u. S. They started to buy u. S. Farm produce again last month. Clearly some things are coming together, but there are outstanding issues. We still dont know where either side are on tariff removal. That is something of a redline on the chinese side. There are still other areas, like ip protection and the like. Still dont know when any agreement will be signed. Separate
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
Brexit and Global Stabilization may mean a gradual may mean gradual hikes, but they did change the ascension on brexit for their latest projections. They wound up looking at brexit for their latest projections. They see inflation not hitting 2 until two years from now. Most importantly, two dissented and voted for a rate cut up when he five basis points. We are joined by bloombergs nejra cehic outside the bank of england. You are looking at these headlines the same way i am, as they come out. What stood out to you . David yes nejra yes, that ters, one ofo dissen whom was michael saunders. If there had been 80 dissenters, he was one that was expected. That split vote had been any dissenters, he was one that was expected. That split vote coming as a surprise. I am just taking a look at some of these headlines here. In terms of cutting the inflation and growth forecast, that was expected for both 2020 and 2021. It really is that split vote that has come as a surprise because all of the ec
The Investment Committee is ready to go. The Halftime Report starts right now. Welcome. Good to have you with us on this friday our Investment Committee here today joe terranova, john levanthal, josh brown, and marc lasry is here. Lets fwin with the markets. Stocks extending gains, more trade optimism marc, good to see you again. Thanks for being here. Ill turn to you first were looking at the major averages dow is about 70 points from 28,000 what do you make of the markets in the here and now . Are you surprised we are where we are in. Yeah. Im very surprised, actually why so . Well, if you sort of look ate it, gdp growth is slowing down youve got issues sort of everywhere youre turning. And yet the market keeps hitting new highs. I think thats its great if youre an Equity Investor for what we do we need sort of the market and gdp to be around 1 to 2 . I think what we do, its great i think on the equity side, its going to be a tough year for the next year. You do . Why so because of g
Live from the cbs bay area studios, this is kpix 5 news. A gunman on the loose after killing several people after a Halloween Party in a peaceful neighborhood. New containment numbers in the kincade fire still burning. San francisco will decide if they want to ban the sale of e cigarettes but the fourlegged friends are taken aside. Good morning. We have new developments in the halloween shooting at a house party in orinda the sheriff says that a fifth victim has now died at the hospital. The other victims have been identified as well. They were all in their 20s. The gunman is on the loose and new questions about why it took police so long to respond. We have new information now. Is she hurt . Dont go in there. Reporter gunshots, chaos and pandemonium on halloween night. I have to go to the hospital. Reporter multiple videos show partygoers dancing before gunfire. The shooting happened at a home on lucille way in orinda and more than 100 people throughout the bay area showed up at the p