minister donohoe: yes we do. recognizes the unique circumstances on the island of ireland and the british government and the irish government and the european union have plate and imaginative role and looking to come up with an agreement to prevent the development of a hard border on the island of ireland. i believe the agreement that has been reached between the eu and the u.k. does deliver an insurance policy. i hope it is not needed. i hope we can reach a trade agreement and a future political agreement. that means the insurance plan is not triggered, but if it is triggered, it will work. all kinds ofet commentary in the united states about what all of this might mean. the idea that the british may cause a problem with the border has raised, as far as we hear, the odds of a united ireland. does it play that way over there? the idea that the united kingdom breaking up and maybe the two halves of ireland uniting again? minister donohoe: we are many phases away from something like that happening. the good friday

or need donohoe here. courtney: china -- courtney donohoe is here. beijing says china and the u.s. have reached consensus on properly resolving relevant issues. the lack of the deadline and comments from president trump led to speculation talks could last into the new year. in hong kong, police search for protesters on the campus of the university that has been under siege for 10 days they only found one. police will enter the campus to -- in albania, a powerful earthquake has killed at least 14 people and injured others. the quake had a magnitude of 6.4 and collapsed at least three apartment buildings and was felt across the southern balkans. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i am courtney donohoe. this is bloomberg. want to bring you a couple of quick headlines. president trump speaking in the oval office a moment ago. he was signing an executive order establishing a task force related to missing and murdered native americans and alaska natives. he al

here's courtney donohoe.ney: there may be a pitch in negotiations for an interim trade deal between the u.s. and china. donald trump says the u.s. hasn't agreed to a rollback on tariffs with china. in fact, he said he hadn't agreed to anything. president trump won't impose tariffs on european cars next week as threatened, according to european commission president jump on juncker. -- president jean-claude juncker. eu has threatened to impose its own tariffs on american goods if president trump carries out his threat. house impeachment investigators subpoenaed acting white house chief of staff mick mulvaney for a closed-door deposition today, but to no one surprise, mulvaney didn't show up. democrats will release more transcripts from previous depositions today. next week, the inquiry moved to public hearings. in alabama, jeff sessions will run for the seat that he gave up to become trump's first attorney general. he says he remains a strong trump supporter despite "our ups and downs." after months of insults

i'm courtney donohoe. this is bloomberg.thank you very much indeed. ,oing is now, bhanu baweja global head of em cross asset strategy from ubs. stocks are at record highs and holding. is a good economy good for the stock market? is a good economy good enough to take the stock market further forward? t is an interesting question because throughout this year, a bad economy has been good for the market. bad numbers, discount rate comes down. rates come down, valuations go up with the same earnings number. the multiple goes up, and that's what's driven the market 100%. areink because risk premia so tight, if you get bad news here, that would be bad news. bad news is no longer good news. however, today we are in the opposite position, where the economy is holding up slightly better than you would have otherwise thought. the fed is not likely to cut. yvette has also said that a hike is a long way off, as a result of which, on the basis of good news, the degree of selloff in the 10 year is going to be the minimus. curves are going

let's check in on bloomberg first word news with courtney donohoe. courtney: the u.s. the first phase of a trade deal with china, but it is not a done deal yet. larry kudlow told reporters last night "we are coming down to the short strokes." the two sides have been holding working level videoconferences. among the issues, the chinese purchase of american farm products and the theft of intellectual property. a month of protests have taken their toll on hong kong. the city is forecasting its first annual recession since the global financial crisis. the government said the gdp will contract in 2019 last year. the grim outlook is in line with what is visible in hong kong streets. shopping malls, stores, and restaurants are closed or have shorter hours. the iea predicts global oil markets are likely to remain calm next year. the agency said foreign production outside of opec and high inventories will keep consumer supplied. non-opec supplies are expected to rise by 2.3 million barrels today in 2020. get ready forl, some heavy duty suspension. at the end of the game last ni

let's get a check on the first word news with courtney donohoe.dent trump is urging voters in kentucky to reelect their republican governor to send a message to house democrats conducting an impeachment inquiry. and other states are seen as a gauge of the president's popularity. if emily -- a mormon family of nine killed in northern mexico. president trump says the u.s. is ready to help mexico defeat the drug cartels. in nigeria, two fires that broke out in a busy market in central lagos, the country's largest city and commercial center. it is unclear if anyone has been hurt. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm courtney donohoe. this is bloomberg. guy: thank you very much indeed. earlier today, the european union chief exit negotiator michel barnier told reporters that the prospects for any divorce agreement will be difficult and demanding. as long as we have not completed post negotiations with the u.k., the risk of a cliff edge remains, an

let's check in on first word news with courtney donohoe.rtney: raising eyebrows with her comments. she challenged an article of faith about the central bank. last month in a private comment to a banker, she cast out that the fed should operate free from political influence. the white house has yet to formally nominate shelton. her remarks may complicate her nomination. the government is in business until december 20. president trump signed a temporary spending bill that averts a shutdown. roadblock is the white house demand for $9 billion to build a wall along the border with mexico. police estimate that more than 200,000 people demonstrated across colombia. there was a nationwide strike aimed at the deeply unpopular president. organizers are putting pressure on the government to reform pension and labor laws. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm courtney donohoe. this is bloomberg. guy: thank you. christine lagarde, the president of the

there was first word news is courtney donohoe.ambassador said that rudy giuliani, working at the direction of president trump, demanded a quid pro quo from ukraine. giuliani demanded that ukraine announce a politically motivated investigation to help the president. in return, the ukraine leader would be invited to the white house. the european central bank is warning of potential side effects from its own loose monetary policy. in a report, it highlighted how years of unprecedented stimulus could lead to financial instability. the ecb said no interest rates have encouraged excessive risk-taking by investment friends and insurers. shares of target reaching a record high after the discounter raised its full-year outlook. target also reported quarterly sales beat estimates. the company avoided the fate of a lot of other to partner in stores, such as kohl's. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm courtney donohoe. this is bloomberg.

here is courtney donohoe.y: the house will begin public impeachment hearings on president trump next week. that comes from the chairman of the house intelligence committee, adam schiff. the house panels have been interviewing witnesses and private for the last two weeks. the international monetary fund is warning europe to prepare for the worst. the imf said europe should make emergency plans for a slump. the scope for effective monetary policy has diminished. if the u.k. leaves the eu with an agreement, the imf warns the country's economic output would fall 3.5% in two years. in san francisco, voters agreed to move ahead with a ban on e-cigarettes. officials passed a law to prevent anyone from buying nicotine vaporizers until the products get fda approval. the biggest e-cigarette maker led an effort to overturn the law. more than 80% of those who voted rejected that attempt. voters in new york city have approved a measure to create a rainy day fund. the savings would help shield the city from tax hikes and pr

here with the details, courtney donohoe.rtney: british police are treating a stabbing on london bridge as terrorism. several people were injured, and police shot one man. johnsonnister boris broke away from the election campaign to rush back to his offices. we will continue our coverage of this for you. a couple of thanksgiving day surprises from president trump. first he flew to afghanistan to have dinner with u.s. troops. the president also met with the afghan president. he said peace talks with the taliban have resumed. the president is pushing taliban to agree to a cease-fire and says the u.s. will keep reducing troop deployments in the region. the big question now, how will china hit back at the u.s. over hong kong? aboutg is unhappy the bill back in hong kong protesters. china has threatened the u.s. and the pass over various issues, and not much has really happened. as we've been reporting, it is make or break for america's retailers. black friday kicks off the traditional holiday shopping season. for department store

i am courtney donohoe. this is bloomberg. vonnie? vonnie: time for our stock of the hour.hire hathaway. shares are rising after the company reported a record profit for the quarter, boosted by the state in kraft heinz. the company's cash piles continued to grow. taylor riggs has more. taylor: this is an incredible story. this is a company pulling in $65 billion in quarter end revenue for the top line, for the bottom line another record, $7.9 billion. you see the growth grow 2.3% on a year-over-year basis. profit margins at 12%, also a record for as far as i can see when taking a look at the company's financial statements. finally this profit was giving a boost by kraft heinz. about a third of the increase in the profits were berkshire finally locking in a $467 million gain. quartersts in the last as kraft heinz has delayed reporting its first have to results amid regulatory probes. in 2018 they took a $2.7 million right down and berkshire has admitted they overpaid and that 2015 merger between kraft heinz. sort of a short-term struggle but long-term still ahead in the init

i am courtney donohoe. this is bloomberg. guy: thank you.re we sit with the european markets right now. a positive session. really like volume here in europe. we have had a few glitches. it is also all hallows at which we are seeing like volume. the markets are higher. the ftse 100 bouncing back, but down on the week. the last five days, the ftse down by half of 5%. positive for the week. in terms of sector breakdown, we are seeing basic resources bouncing back strongly today. heavily influenced yesterday by the poor pmi data we saw out of china. that is helping the ftse up by nearly 3%. guy, stocks also higher today include chevron and exxon. almost up, and exxon 3%. both are reporting earnings before the open. forecasting a gloomy 2020. for more on what we expect, let's bring in our guest. -- are these companies not capex? fernando: for exxon, they can't. they spent a very long period investing in poor capital projects. they did a lot of heavy oil. when you look at the resource base, it was really poor. steps to address that. but these pro

i'm courtney donohoe. this is bloomberg. vonnie: thank you.are back with charles dumas, ts lombard chief economist. curious where you think you dollar will go, and if it will make any difference to the global economy should the dollar move pretty strongly in one or the other direction. charles: the answer to the second question is yes, in that the strength of the dollar has been a problem in terms of , and exacerbated a year ago by the repatriation of funds by the united states, companies under the new tax act, dollarsult of which the not only strengthened very substantially, but the availability of dollars in the offshore markets was sharply reduced. that caused a lot of difficulties. it is fair to say the dollar side.now is high on my reckoning, it is barely .lose to its upper limit the dollar is helped by a couple of factors. one is that the oil and gas sort ofare consistent -- are a consistent source of upward pressure compared to the past. the levy ofs tariffs has the equivalents of a devaluation, but it was a devout you a that was ultima

. >> that was the irish prime minister, paschal donohoe, speaking exclusively to bloomberg. corbyn has denounced anti-semitism as file and wrong -- as vile and wrong. after a chiefame rabbi are tucked his record on dealing with anti-semitism cases a few weeks before the election. he stopped short of apologizing to the british community. >> i am determined that our society will be safe for people on both sides. i don't want anyone feeling insecure in our society. and our government will protect every community. >> so no apology? >> against the abuse they receive on the streets, on the trains. >> no apology? >> any other form of dust . >> we will try one more time. >> hang on a minute, andrew. can i explain what i am trying to do? >> you have. i asked you if you wanted to apologize. >> i don't want anyone to go through what -- >> mr. corbyn, i was asking you about an apology. nejra: the muslim council of britain also accused the conservatives of approaching islamic phobia with denial and conceit. it says the party has a "blind spot" for this kind of. racism patrick armstrong i