Wages, but the pace was slower than market expectations. Consumer spending, which accounts for about 70 of gdp, rose 2. 5 . Corporate investment on equipment was also up 2. 4 and Housing Construction gained 10. 2 . But exports shrank 4. 3 . Its first contraction in three quarters. For the 2016 calendar year, the economy grew 1. 6 . Thats down from 2. 6 in 2015. President donald trump says his administration will try to achieve 4 annual growth through infrastructure spending. Russian president Vladimir Putin and u. S. President trump are expected to hold their first talks by telephone on saturday. Putin told reporters last week he will congratulate trump on his inauguration. He added they may discuss when to have their first meeting face to face. U. S. And russian talks deteriorated after u. S. President barack obama imposed sanctions against the country over the situation in ukraine. But trump is showing his willingness to cooperate with putin on military operations against Islamic Sta
Wages, but the pace was slower than market expectations. Consumer spending, which accounts for about 70 of gdp, rose 2. 5 . Corporate investment on equipment was also up 2. 4 and Housing Construction gained 10. 2 . But exports shrank 4. 3 . Its first contraction in three quarters. For the 2016 calendar year, the economy grew 1. 6 . Thats down from 2. 6 in 2015. President donald trump says his administration will try to achieve 4 annual growth through infrastructure spending. Russian president Vladimir Putin and u. S. President trump are expected to hold their first talks by telephone on saturday. Putin told reporters last week he will congratulate trump on his inauguration. He added they may discuss when to have their first meeting face to face. U. S. And russian talks deteriorated after u. S. President barack obama imposed sanctions against the country over the situation in ukraine. But trump is showing his willingness to cooperate with putin on military operations against Islamic Sta
Imagine this may impact the trade volumes we will see on the new york stock exchange. First, lets get to the bloomberg first word news. Heres emma chandra. U. S. Senate republicans think the party should we plan its plan to replace obamacare after the Congressional Budget Office says more than 40 million americans could lose health care. By 2026, the number of Americans Losing Health Coverage would rise to 24 million. Prime minister theresa may is about to start the formal process of leaving the european union. Parliament signed off on a bill to trigger article 50. Chinas economy held its momentum the first two months of the year. Industrial production was up 6. 3 from a year ago. That was slightly less than expected. Part of the eastern u. S. Is prepared to be buried in snow. Half ofe foot and a snow is inspected in new york, and it is already falling. Schools have been closed. More than 5000 flights were canceled. And german chancellor Angela Merkel delayed her trip to washington. Gl
RECAP: Asian stocks tracked Wall Street lower in response to more economic data that signalled the US Federal Reserve might keep interest rates on hold for most of this year. Regional currencies also took a hit as dollar strength persisted.