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Its the first time anyone ever said that to me. I said who is this guy hes the governor of iowa. He just said dont say bad about china. So i had to rip up about half of my speech. Right . I said why he said we do a lot of business. Ive been dealing with china for 35 years with corn and Different Things he told me a story that was amazing. 35 years ago when i started, i met a man named xi he wasnt president it then. He was a young man and the governor came back he told his wife, he said this is 35 years ago and its documented. He said, i just met the future president of china and nobody thought much about it you know what . 28 years later, you turned out to be right. And you have been an incredible ambassador and they like each other so much so when it came time to pick the important position of ambassador, i said havent you had enough after 24 years being governor of iowa he said if you want me to do that, and its been a great y ....
Weve got a big show coming up and interview with wilbur ross this morning and acting director mark morgan mere to talk border crisis and member of the Senate Budget banking and Arm Service Committee also here this morning on technology, trade, to discuss the real estate market, as we get house hadding data out as well. Plus founder of chairman and chairman of Equity International joining us this morning as well. Dont miss a mommy of it weve got a big three hours joining conversation this morning, cfr investment strategist lindsay belle here as well as former home ceo former ohio state is a senator minority leader American University school of Public Affairs president , capri great to see everyb ....
We have somebody here who can give us icnsight into all of tha dow futures look to be down 35 points part of what happened in the market was because of tenyear yields topping 2. 96 right now the tenyear is at 2. 926 the 2year at 2. 2 26 . In asia, the nikkei off by 1 . Shanghai is up about 2 . In europe, the early trading there, the stock markets there are mostly in the red. Dax is off by 0. 8 ftse is down by almost 1 . Barclays shares are up sharply despite the uk Bank Reporting a big drop in 2017 profits. Barclays says it lost 2 2. 7 billion once again why would that happen . Yep. They its accounting for the u. S. Tax overhaul. But also a weaker dollar there were some bright spots Barclays Says its pretax profits rose 10 customer deposits were up and its doubling its didividend. Jeff staley says he is optimistic about the future. There are a number of tailwinds. During the n ....
Fire truck, sparking an inquiry. Betty quite a surprise here, aurth quarter gdp showing contraction here of 0. 2 quarter on quarter. 1 10stimate was a gain of of 1 , a slight down in the prior year. Expectations were that this was not going to be a great number, but contraction is a surprise here. It is the first fourthquarter contraction for the First Time Since 2008, also year on year, just up 3 . Gain somate was a 3. 4 not good news here for south korea. Yvonne it was a banner year when it comes to exports, i guess you could blame to the strengthening of the one that there is also a nationalhow they holiday in october. The bank of korea upgraded this growth to 3 , so there is still a lot of good with exports still blooming those slowly, and private consumption has improved a bit as well. And how were looking at the currency taking a look at how dare faring so far. Flat, the nikkei and changed. We expect a pullback from the ni ....
We have a very packed show. Quickly onto your data and onto your markets. This is how we are looking in terms of the picture. A little bit of the markets moving sideways. Im getting some of your Areas Service p. M. It is in line with estimates and it is what i am looking at. Overall, they are moving sideways and if you look at bonds, they are rising climbing on the back of will be did in saudi arabia. Those are the markets. We had a great guest lined up for you today. Will be speaking to the former president of the ecb. Wilbur ross joins me a little later today. We will talk about the tax plan and the paradise papers. Lets get to the bloomberg first word news with nejra cehic. Nejra in the u. S. , 26 people have been killed after a gunman opened fire at a church in texas. Another 20 were wounded in the attack at the First Baptist church, in a small town in burleson county. Vict ....