i'm su keenan. this is bloomberg. to our this morning, president trump is back on the trade offensive, reinstating steel and aluminum tariffs in argentina and brazil and weighing potential for innce, italy, and turkey retaliation for taxing u.s. tech firms. things are looking much better on the china front with commerce secretary wilbur ross weighing in with the threat if a deal cannot be reached. you have a logical deadline december 15. if nothing happens between now and then, the president has made quite clear he will put the tariffs in, the increase tariffs. let's bring in our chief asia correspondent. it's not just china were talking about, were talking about france, possibly austria and italy and turkey come on top of brazil, and of course we have china. tell us about all this. you've got argentina and had thend then you ongoing tensions with china, were getting more news from the global times. you can see that argentina and brazil are getting caught up, the thinking is they're punishing argentina and brazil .eca

i'm su keenan. kathleen: thank you.hina's exports unexpectedly fell last month as global demand continues to weigh in and a trade deal remains tantalizingly out of reach. there is hope for progress out of next sunday's deadline for u.s. tariffs. that's get to our china correspondent, tom mackenzie. key takeaways about what has happened with the trade data when it comes to the trade deal? of how is a reminder punishing the tariffs from the u.s. have been on china's manufacturing sector. the highlight with the trade data out over the weekend, exports overall from china falling 1.1 percent, there was a forecast they would increase at 0.8%, almost 1%. they dropped 1.1%, this is in november. to the u.s., exports down 23%, the 12th straight monthly decline. they also dropped to the eu as well, sluggish global demand. the expectation has been that retailers and companies would be loading up on goods from china ahead of the shopping season, the christmas shopping season, but that does not seem to have played out in terms of num

the first word news, we've got su keenan in new york.t with china, which has repeated they have remained in close contact with the u.s. over trait, and called for tariffs to be proportionally lifted. reports suggested the two sides are nearing an accord in a spat that has led to tariffs on $500 billion with of goods. the u.s. intends to impose on more chinese imports if a deal is not struck by this december 15. now, aramco and the ipo the company successfully launched the world's biggest initial public offering, raising $25.6 billion after pricing shares at the top of the market range. the ipo values the mammoth energy company at $1.7 trillion. that is below the kingdom's original hopes of $2 trillion. it is a crucial part of plans to ween the saudi economy off fossil fuels. hong kong is set for another mass protest march sunday, this after the human rights groups said it has been given approval from the police for the planned demonstration. it is the first time the group has won such a permit since july 21. they will head to the main bu

i'm su keenan. this is bloomberg. >> boeing's halting production .n the 737 max we will be discussing the effect that will have on aviation. but next -- >> hong kong chief executive carrie lam may need bigger support into 2020. more on that next. ♪ chinese president xi jinping saying hong kong is facing its grimmest and most complicated situation since returning to chinese rule. that is several months of antigovernment protests continue to challenge civility. >> hong kong leader carrie lam, he prays her response. have a look. >> the government of hong kong has responded to popular concerns in a series of measures to help business and relieve postal hardship and seriously considered resolving ways of deep-rooted social unrest. attempts toepeated boost the economy, hong kong is expected to see a contraction of more than 1% output this year with declines continuing well into the first two quarters of next year. is there a hidden message in all this is what some people are trying to grapple with? >> aft

i am su keenan. this is bloomberg. -- juliette:inese as chinese inflation accelerated, and extended run of declines copper case the pboc efforts to support the economy. let's put this into perspective with our next guest, dr. shaun roache, chief economist, apac, s&p global ratings singapore. we have that inflation chart, momentume one showing in terms of factory inflation, it could be holding up. how does the pboc help to stimulate the economy when you have cpi at a seven-year high? dr. roache: the pboc will look to have doneem that. it you are pointing to the real key issue, underlying inflation is weak. core cpi excludes food and energy, that is below 2% and has been persistently weak. that is important we think about that it stress and other issues that could come to the for next year. -- come to the fore. the u.s. in china continued accomplish kate issues as well. -- complicate issues as well. dr. roache: we do not see any resolution soon. the need the surface we have seen things go in reverse de

i am su keenan, this is bloomberg. the boj decision standing pat is expected, but the bank of japan with a lending limit of one year after they left policy untouched due to the stimulus package from prime minister abe. progress in the u.s.-china trade talks and signs of a -- editor is here. no surprise on the policy main point standing pat. what are we hearing with this lending program? >> we do not have many details, and as soon as we get more, there have been question for a modifyf the boj might the way it uses etf. it owns a lot of etf's right now, so there is a supply they into a lendingt program. this is another tool they want on hand. they kept all key policies in the same place, the key rate is barely negative. curve and the tenure -- 10-year at zero. what we do not have yet, we hope for in the press conference, is more commentary for how they will look at the japanese economy, and a sense of where policy may or may not go. now that there is a phase one trade deal, and prime minister package, thecal outlook had

keenan. this is bloomberg. yvonne: still questions over the details, but the interim trade deal will be signed and made public early in the next few weeks. let's bring in our coanchor tom mackenzie. he is in beijing. the devil is in the details, what is expected? do you think the chinese will get the math right? tom: that is the key question. what we are hearing from the chinese side, they are still in close contact with their u.s. counterparts. the two sides are moving toward early january for signing off on this deal. early mnuchin said january. right translation issues. you are absolute right to say it is all about the numbers. overall, what the u.s. is saying is china is committed to buying $200 billion of goods and services over the next few years. it will be about 40-50,000,000,000 in terms of agricultural purchases. what we have heard from our chinese sources so far, to get that, they are doing things like considering moving tariffs. before the trade war, they bought u.s. ethanol. keeping also looking at

i am su keenan. this is bloomberg. the federal reserve surprised no one was his decision to hit the pause button after three interest rate cuts in a row paired what did make an impression is the strength of the current consensus that no rate moves of any kind are expected for one year on global -- when year. here's our global economics and policy editor. what happened to all of that dissent? >> that is true. i do not think this has so much to do with the election as it does to do with the fact that the doves were pushing for more rate cuts and can see that the jobs report is looking pretty good. consumer still spending. maybe you do not need to do more. and the hawks, they have to be happy that they certainly cannot point a big move up in inflation to argue that the fed has to turnaround on the cuts that made. jay powell made it clear at the pride cost -- press conference that the fed had done enough. let's listen to what he said in his prepared remarks. our economic outlook remains a favorable one. despite global abou

i am su keenan. this is bloomberg. yvonne: relations between washington and beijing are u.s.y to see -- after lawmakers that pass a bill could sanction chinese officials for human rights abuses. it is a move that threatens to throw already tenuous trade talks into disarray. let's get more insight from our senior international editor. and our china correspondent. let's start with you. talk us through what is in this bill. the next steps now. what dilemma does this pose for president trump? >> yes. president trump has been in an awkward position here because he first of all head signs that legislation last week about hong kong. they had been, the chinese officials and u.s. officials had been keeping these two things separate. in terms of the trade talks and the issue on hong kong. once they signed the bill that change that and china threatens retaliation. talked about the entities list. then, of course, this next bill comes up, which is basically what, passed the house and the last two hours was a bill that they would sa

i'm su keenan. this is bloomberg. we are into the final stretch of trading in 2019 and barring a huge reversal, the world's major asset classes are on course for the strongest annual performance in a decade. most asset classes have advanced this year. includes some big gains at the top. let's see if this can continue into 2020 with ig group markets analyst kyle rodda. we have seen fabulous gains. pretty much the only way to not make money was to not get involved. the key question is, is 2020 going to be a repeat? we saw this year, very unlikely. it does depend where you draw the line in the sand. we saw markets hit lows practically this time last year. if i was sitting in the chair at 20 at this time, it would be a different conversation. it was supported by fed policy, interest rate cuts, and the bolstering of the balance sheet. whether we will see the same thing next year is very unlikely considering those dynamics, but markets are positioning for upsides. they remain bullish on risk assets at the very least. paul:

to suen: now we go keenan.t in hong kong where hundreds of thousands of people joined the biggest demonstration in months. this is a sign that popular unrest will continue into the new year. protest organizers say 800,000 people marched through the city sunday while police downplayed the number, putting it below 200,000. the rally was the first promoted to the human rights fund to win an official permit since august. chinese exports fell unexpectedly, another sign the trade war is putting the economy and global demand also flipped. -- hurting the economy. we are down 23%. it is the worst reading for exports for america since february and the 12 consecutive monthly decline. shipments have been expected to increase .8%. china's third richest man is $2ept -- is that for a billion windfall. he will earn the money after the property developer and electric car one of the declared a record dividend. the board is proposing a payout of one yuan 42 a share. in ever grant means he will pocket most of the cash. indian lawm

i am su keenan. this is bloomberg.aul: still to come, credit suisse is getting ready to release results of its inquiry of a scandal. shery: up next, the investment world is just days away from its best asset returns in a decade. we will discuss this with alice capital's george boubouras. this is bloomberg. ♪ "daybreak: asia. " majorunless we see a reversal before christmas, investors are about to look once in a decade returns. our next guest says we better moderate our expectations for 2020. george boubouras is atlas capital's cio and joins us from melbourne. thanks for joining us today. i just want to start off with a chart we have put together. was,ows how good 2019 pretty much the only way you could miss out on a returned was to be in cash. it is the same strategy of just being and pretty much anything. i have to work -- are they going to work in 2020? has been amazing, 2019. returns across all asset classes except for cash. 2020.on't continue in it is very rare to get any large numbers when you look at across the a

didn't respond so dogs obviously was someplace or so we close the door locking the dog inside joe keenanrobably blew open from the wind after he must not a close it all the way earlier in the night and even though the joke he does have another dog george and a one month-old baby too. the family is now taking in the second dog calling her susie who seems to play well with george she's in warm how she's getting good meal, she's getting water she's getting connell's she getting soft bed and uh you know and a loving environment and. >>i mean at a minimum that we can govern. >>susie looks like george like smith to be wonder i didn't find a forever home that's great yeah, that wraps up kron 4 news at 5 thanks for being with us this hour, we'll see you back here tonight for kron 4 news tonight in primetime in the meantime we'll kick it over to ken wayne and pam moore who are here with kron 4 news at 6 i grant vicki thanks to you both coming up next a 6 o'clock mayor london breed has a stern message for her department heads about cleaning up the city streets why they are waiting on more specific

i'm su keenan. this is bloomberg. just getting some news crossing the bloomberg terminal that does concern hong kong. the police concluded an interim are hopinghich they to complete by january, hoping to keep contact with the foreign experts, the topic of the day after the international police complaints commission did see five foreign experts quit, saying they did not have the power to conduct a full investigation into the actions of police. that's currently what we have at the moment. the hong kong police hoping to keep contract with -- contact with those experts in hoping to complete a report in january. thosehina is expecting, of the people who were the experts on that panel for the hong kong international police complaint commission, this story about tariffs continues, of course, to be one of the main -- of what's going on marketwise. we have the possibility that we could see the 15th of the mo nth when fresh tariffs are men to be implemented-- implemented could be delayed. peter navarro says no indication of end

let's join su keenan. japan and the latest economic data, japanese exports fell for a 12th straight month in november. aat confirms little sign of pickup despite indications the slump in global manufacturing may have bottomed. the value of shipments abroad fell just under 8% from a year earlier, extending what has been declinedst run of since 2016. it was slightly better than forecast. the wider economy is expected to shrink 2.5% this quarter. , the centralppines bank is investigating lenders that may have received funds using the westpac service that was allegedly linked to money laundering and child exploitation. the bsp says account holders at 10 philippine lenders say -- could have been sent by australians accused of child abuse. westpac has a partnership to make transfer to the philippines easier. anger continues across india as the government defends a law that bars undocumented muslims from seeking citizenship while allowing migrants from other religions to do so. you are looking at protests. the ho

let's get over to su keenan.art in hong kong where protesters clashed with police at a subway station. this was a small scale demonstration. standoffs continued into the night as protesters blocked roads and police fire tear gas. the violence came as the chief executive carrie lam visited beijing to give xi jinping a full account of what has happened in hong kong the past year. protests continue to hurt the economy. passenger traffic at the airport fell 16%. the total number of flights in and out of hong kong dropped 8%. cargo throughput dropped 6%. 4.5 million tons. property speculators in china are being even a warning to think -- given a warning to think carefully about the real estate market. homes are for living in an some see it as a veiled warning. they could boost financial support for manufacturers and lower financing costs for the private sector. new northndmark american trade deal was hammered out by the u.s., mexico and canada, mexico is raising objections surrounding ratification of the accord. their

but now let's get the first word news with su keenan. where start in hong kong, protesters clashed with police at a mall and a subway station, amid a day of small-scale demonstrations. standoffs continued into the night. protesters blocked roads and police fired tear gas to disperse crowds. the violence came as chief executive carrie lam visited beijing to give president xi jinping what she called a full account of what has happened in hong kong over the past year. meanwhile, the protests continue to hurt the hong kong economy. fresh data shows that passenger traffic at the airport fell by about 5 million people, a decline of about 16% last month from a year ago. the total number of flights in and out of hong kong fell by more than 8%. meanwhile, cargo throughput fell more than 6% from november for 4.5 million tons. to australia, the choque-inducing smog blanketing sydney is being called a public health emergency by doctors and researchers. air pollution across the city and new south wales is as much as 11 times higher than the agreed th

i'm su keenan. this is bloomberg. kathleen: on to our top story today, china's exports unexpectedly fell last month, a combination of the trade war and sliding global demand taking their toll. let's cross to beijing and our china correspondent, selina wang. make sense of these numbers, what they mean to the mainland economy, how they go on with the trade deal. selina: that's right. this underscores the impact of the trade war as well as weak global demand. these numbers were a surprise. we were expecting total exports to rise, but they fell more than 1%. the impact of the tariffs were stark when you look at trade with the u.s. exports falling more than 20%, and that's the 12th straight monthly decline. bloomberg economics expects this sort of long-term pressure to continue even if a phase i deal is reached, because of the weak global demand. there was a bright spot, which was in china's imports. macquarie says this may be a sign that china's domestic economy is starting to stabilize, but at the same time, some of that

didn't respond so dogs obviously with some place or so we close the door locking the dog inside joe keenan says the door probably blew open from the wind after he must not a close it all the way earlier in the night and even though the joke he does have another dog george and a one month-old baby too. the family is now taking in the second dog calling her susie who seems to play well with george she's in warm how she's getting good meal, she's getting water she's getting cut she getting soft bed and uh you know and a loving environment and. >>i mean at a minimum that we can govern. >>are you kidding says she's so cute those a great story that reporting susie was mel nurse when she just walked right into that house the family is asking for donations to help out with her treatments, sometimes you just walk right into destiny. all right. >>a little outside want to check in on the airport sfo maybe you're catching a flight maybe you're picking someone up. donna let you know if we have any delays will also let you know how cold it is it is pretty darned cold in some spots were dipping down into

i am su keenan. this is bloomberg. ♪ rishaad: getting back to the u.k.lection, this is making -- the former prime minister fighting to hold onto that seat. we have had this against the backdrop, a very big night for the conservative party. there is the leader of that party. , we havethe way up equity markets across the board also moving much higher. that is currently the situation. boris johnson there. this is bloomberg. ♪ >> it does look as though this conservative government has been given a powerful new mandate. done. brexit not just to get brexit done but to unite this country and continue forward and to focus on the priorities of the british people. will recruit 6000 more -- one ofwill build those hospitals will be right here. i am grateful, once again, to the people for returning me to serve you. it is an absolute privilege to do this job and to work for you. everybodye police, who has worked so hard all night . i think my fellow candidates -- i thank my fellow candidates. forgive me if i do not identify them all. i want to thank the people of this

manchester united created the first two goals and starting for the first time this season, while michael keenanrabbed one back for the visitors, 4—1 before everton kept clinging on before halftime. stayed 4-2 clinging on before halftime. stayed 11—2 before everton was left in the relegation zone and the position of their manager precarious. scored wonderful goals, unbelievable goals, sensational passes. sensational pieces of football and a love that a lot. 3-1, pieces of football and a love that a lot. 3—1, not too good, but 4—1 brilliant, 4—2, absolutely not cool, because there were three minutes and two minutes were already off the clock, so we scored a wonderful fifth goal. all good. jose mourinho's unbeaten start as the new tottenham coach has come to an end, as his former side manchester united took all three points on his return to old trafford. marcus rasford scored both of united's goals including the winner from the penalty spot. delle alle had brought tottenham level but they were second best on the night losing 2—1. marcus rasford, how would you describe the performance? mature, expe

i'm su keenan. this is bloomberg.nt to recap the lines david mentioned when it comes to the relations between south korea and japan. they are said to hold at export policy meeting on december 16 in tokyo. at least we know the two sides are willing to meet. we will see if we get any results from that meeting. any resolution. david: certainly. things like -- certainly activity has suffered between the two. the last we got was 95 plus percent drops in exports from japan to south korea. southr numbers as well, korea to japan, plunge. hopefully they can work things out and see a path forward. thena: time to improve situation in japan's economy. shinzo abe has announced a massive stimulus package to boost growth. the economy had been dealing in a slump in exports, a string of natural disasters, in the fallout from the sales tax hike. the fiscal measures will total $119 billion. yvonne: that's right. japan set to be at the center of major developments in the coming year, bloomberg live, the year ahead event has kicked off in

i'm su keenan. this is bloomberg.uliette: china says it's cutting import tariffs on generate first. the move is partly -- on january 1. it comes as beijing looks to finalize the first phase of their trade deal next month. selina wang joins us from beijing. let's start with this tariff news. what is on the list? thena: so according to ministry of finance, this includes goods such as frozen pork, including paper products, some high-tech goods, and this cut would begin on january 1. now, what we're hearing is that this isn't directly related to the ongoing negotiations for the trade deal and leadership reiterated this is part of china's broader effort to reduce import tariffs and that tends to further lower these duties to meet domestic consumption needs an open the economy further. china has been cutting these tariffs since 2017 and this follows a similar move of a broad cut across a swath of import moves last year. this importing of frozen pork helps china leaf meet shortages ahead of the swine fever. rishaad: tell me,

i am su keenan. this is bloomberg.eserve made it clear it sees no more need for rate cuts and said they may continue rates where they are through 2020. economics editor kathleen hays is here with more. kathleen: everybody fell into line, no dissent. row, three rate cuts in a let's stop now, see what happens next. jay powell at the press conference made it clear, we have done enough. >> decisions through the course of the last year, we believe monetary policy is the right decision, supporting economic growth, a strong job market. jay powell was also pressed on, you have been talking a lot about the trade war, there are reasons for preemptive moves. he did stress global development. a the serial assessment of the outlook -- the material assessment of the outlook to do rate cuts. staying with the target for the fed to hike rates. look at dot on the far left, you see all the dots. everybody early in the year who were not looking for three rate cuts have to be on board. oft line shows that 13 out 17 members, for the ra

manchester united created the first two goals and starting for the first time this season, while michael keenan

su keenan has the story. opportunity to showcase boeings engineering prowess but it didn't pan out. : many are concerned the ceo is under increased pressure. this was supposed to be a mission to dock with the iss, and instead, the capsule landed it wasmexico on day two. supposed to be a six-day mission. the mission was aborted and there is video of the capsule coming down. are typically in the water. this is the first to take place on land. while it was a successful landing, again, it was an aborted mission. if you look at the launch, the it was a terrific launch and a terrific moment for boeing. the unmanned spacecraft some of the first of its kind by boeing, took off friday near cape canaveral, florida, but it ran into problems as it entered course and was embarrassingly off course, according to observers, to dock with the iss. that raised questions about engineering technical prowess. take a look at the one-year stock chart and you will see how the rough ride for boeing and now for the ceo, because there a

su keenan has more with the latest. let's start with morgan stanley.ems to be a sign of the times. su: we have seen deutsche bank and citigroup cut hundreds of jobs, but this announcement by morgan stanley is significant. 1500 jobs. it will hit mainly in new york and london offices. it is fairly broad-based. to be take a look at how the stock is performing, you can see the bumpy ride year to date has a lot to do with the uncertain global growth outlook. it also has to do with the fact we have had a multiyear trading -- many forust firms. it moves towards electronic platforms that removes the need for humans. these cuts at morgan stanley argued towards tech and operations. also sales and trading. multiple management directors. usually high management gets spared in these kind of cuts but not here. this is part of a sign of the times. it is being announced as part of the year-end efficiency but it does have to do with outlook and change in trading revenue. paul: it is not just morgan stanley. hsbc cutting the ranks. some new hires with the strategic reva

but to see those four black comics on stage like that, those trail blazers, and keenan thompson as wellere on "saturday night live" but dave chappelle, it was a unique and special and magic moment. this world that we live in with all this divisiveness, i think it was a unifying moment for entertainment and for politics. everybody loved it. it was amazing. >> and they said this is half the netflix budget up here on one stage. but think about all the other comics and players inside "saturday night live" who got to act for eddie murphy tonight. what a night for him too. >> while he's been away from snl, he's been busy. he's got at least two movies -- >> and ten kids. >> and ten kids. oh, yeah, he's busy. he's busy. all right, good to see you both. thank you, everybody, for being with me this weekend. i'm fredricka whitfield. much more straight ahead after this. we're related to them? we're portuguese? i thought we were hungarian. can you tell me that story again? behind every question is a story waiting to be discovered. this holiday, start the journey with a dna kit from ancestry. this ho

i am su keenan and this is bloomberg. get you back to the top story. chinese exports unexpectedly falling last month. let us find out what is behind it. help us make sense of the numbers, selena. what does this mean for the mainland economy? declinethe surprise underscores the impact this is having on the chinese economy. falling for the 12th consecutive months. expectation that the pressure well let up anytime soon. because of the week global demand especially from china's global trading partners. some of the goodwill measures. imports is aase in sign of stabilization in the chinese economy. juliette: what is the latest on the trade front? we had comments from larry kudlow. the weekend he said that it looks like everything is up to president trump and he does not look ready to sign the phase one trade deal. there are still sticking point in terms of agricultural purchases and the chinese demand for the rollback of tariffs. are notinal strokes there. we are coming down to short strokes. we have been there. some of the most delicate matters have to be a

didn't respond so dogs obviously with some place or so we close the door walking the dog inside joe keenan says the door probably blew open from the wind after he must not a close it all the way earlier in the night and even though the joke he does have another dog george and a one month-old baby too. the family is now taking in the second dog calling her susie who seems to play well with george she's in warm how she's getting good meal, she's getting water she's getting connell's she getting soft bed and uh you know and a loving environment and. >>i mean at a minimum that we can govern. >>and because it's only she and that will soon so skinny the print probably been out there a while because she was malnourished but they're nursing her back to health she's getting the treatment she needs she's putting more weight on she's looking healthy and she's looking happy with a warm place sleep. that's a crazy story that was meant to be there you go. >>9.20 right now still ahead on the kron 00:04am morning news. we're going to follow weather and traffic for you plus what's happening on the streets

i think judge keenan has pointed out to you what might be a distinguishable factor between this case in sewell. >> in the ford case when presented with this fact pattern, what do you then when a district court obviously should have certified, it might be a possibility that what you would do is actually just mandamus, the straight out denial of the motion to dismiss. so i agree it's not a holding but even their cases recognize that. i think there's a good reason for that. imagine a simple hypothetical which isn't even a hypothetical. it's the facts of the fifth circuit case. imagine you had a district court that said the following. i know that circuit precedent requires dismissing the suit. i don't care. >> that is not what the district court did here. you might not agree with it but it's no slap dash -- >> their proposition of law, what they are saying is that even on my hypothetical, no relief. even if a district court flouts circuit precedent and says i'm not following it, i don't care -- >> you're turning the argument on its head. you're saying no matter what the district court di

worde: let's get to first news with su keenan in new york. >> we start with the latest on the hong konge on the hong kong government over demands for an independent inquiry. a panel of foreign exports required to oversee the objectivity of the probe has resigned, this after complaints the independent counsel does not have enough power. earlier reports they cannot summon witnesses to provide evidence. court hasg appeals rejected the government's request to temporarily expand a controversial mask than, define criticism from china to declared unconstitutional. the ruling represents a setback for carrie lam with the latest local opinion polls showing public confidence in her leadership falling to 10%. the world's most profitable company makes its trading debut wednesday, but with only a fraction of stock available for investors. saudi aramco sold 1.5% of its ipo, raising $25.6 billion. later on the exchange in riyadh, committed reports it's considering a secondary listing in asia. six people have been killed in a shooting in jersey city, including a police officer. two potential suspects in

and michael keenan was the man to bring his side back into view.m in going for it. 3-1 there is no harm in going for it. 3—1 and then four. just when it was looking comfortable again, everton got a second. it perhaps the lack of celebration says it all. the game had blown itself out after a frantic first half but one final attack made it five. and that is how it finished. one of the simplest derbies liverpool will face. they remaina derbies liverpool will face. they remain a points clear at the top of the league and have perhaps dealt the everton manager a fatal blow. jose mourinho endured an unhappy return to manchester united as his tottenham side were beaten 2—i. marcus rashford scored twice for the home side, who climb above spurs into 6th. elsewhere, chelsea beat aston villa 2—i. leicester are back up to second with a 2—0 win over managerless watford. southampton held on to beat norwich and move out of the relegation zone, while wolves 2—0 win at home to west ham takes them fifth. there was drama at celtic park as scottish premiership celtic l

su keenan, thank you. up next, president has arrived in london for nato's 70th anniversary summit, and he may not be the only one questioning the alliance's realistic future. this is bloomberg. ♪ ritika: the first word headlines. senior white house aides as implicated the ball is in china's court when it comes to a trade deal, suggesting tariffs set for next week will only be halted if there is real progress in talks. kellyanne conway said it is china's choice for a deal to be struck, while wilbur ross said new duties be imposed at the two sides fail to reach an agreement soon. sec. ross: you have a logical deadline december 15. if nothing happens between now and then, the president has made quite clear he will put the tariffs in, the increased tariffs. ritika: china has responded to president trump signing a bill supporting hong kong but avoided dragging trade into the spat. china's foreign ministry will suspend port visits by the u.s. navy and sanctions are in u.s. democracy groups. it is a code -- low-k

su keenan has more on this story. what exactly led to this plunge?t is the second straight quarter it has cut its forecast. you can look back to the trade difficulties earlier in the year. they were caught in the middle of the trade war. amazon has sort of severed its business ties, directly at least. take a look at how it is moving after hours. it has been down almost 7% as it cuts the outlook and misses the outlook. forlso announced profits the second quarter were down 40%, revenue has fallen 3%. it is a real when in terms of bad news. chart, see the full-year it had a decline. it was a pretty choppy ride as it found itself in the middle of trade war difficulties, which we will get to. from june on, amazon had started ending its direct business and then it heightened tensions in the past couple of weeks by asking third parties, actually banning third parties using fedex. we looked at the headlines after hours. again, fedex was already really. -- reeling. in the report -- we are looking at a fedex chart. fedex is trading at a discount to ups and it

he was joined on the "snl" stage for the opening monologue with tracy morgan, chris crack, keenan thompson and dave chappelle. he wasted no time with mr. robinson's neighborhood. >> so much has changed since we last spend time together. my neighborhood has gone through so much. it has gone through something called gentrification. can you say gentrification, boys and girls. it's like a magic trick. white people pay a lot of money and, poof, all the black people are gone. y'all probably wondering how mr. robinson can afford to live in this fancy neighborhood. well, that's the word of the day. squatter's rights. it's like finder's keepers but for other people's houses. >> he is a classic, was a classic, and always will be one heck of a funny guy. thanks for watching this hour. i'll be right back with more cnn "newsroom". another hour right after this short break. >>> ahead this hour, he may be on vacation, but that's not stopping donald trump from slamming the impeachment inquiry. this time he says it's unconstitutional. we'll talk about that. >>> also, catastrophic conditions as crews battle

as i told judge keenan, abuses of discretion, mandamus is available for. she sang something about 1292b strips this court of that general power in this particular context. >> why does it matter? i thought even your opening argument, and it was your argument before the panel was this could be a lot more straightforward if you just direct mandamus to dismiss this case. who cares whether we can get them, order at this accord to certify question for direct appeal and we can do that. >> i agree about my third point, here's why it matters that it matters because the standard to get mandamus of the 1292b is whether there was a clear use of discretion whether this substantially question to this court would have to bite off the question whether was clear and indisputable air added that dismiss -- >> excuse me, read the district courts very careful recent decision in the district court relied very heavily on the idea that the government had only identified one of the three possible bases. it wouldn't bring the litigation to a quick close and on a stephen of the gove

coming up in first word news with su keenan in new york.with impeachment proceedings in the u.s.. sources in the u.s. of an impeachment vote is being tentatively planned for next wednesday. the white house says it remains in close contact with senate republicans planning strategy in the event the house does vote to impeach president trump. the president's do to hold a campaign rally in michigan on the evening that the vote is scheduled to happen. lagardecb, christine launched her term the european central bank with an optimistic sentiment saying there are signs of bottoming out. speaking after her first policy meeting, her comments suggest for the rate cult are unlikely in the foreseeable future. updated forecast shows a muted outlook for growth. the euro jumped before pairing those games. -- those gains. the fastest level in more than three years. more reasons to keep rates on hold despite the slowing economy. 5.54%, meanwhile the philippine central bank had been unchanged. risks amount, but inflation remains. ipo for saudi aramco, it touc

su keenan is here with the details. investors took this as more of a dovish hold.ayyes, other strategists it does support that risk assets will probably be in favor here. if you take a look at the way the sox index, for instance, moved, it reflects it was on the far right, the highest level of the day right after the fed decision. there had also been a strong report out on equipment for chip-related stocks that would benefit, so that is an example, but generally, we saw the closing numbers pretty close to unchanged. let's take a look at the big movers and what you will notice is that they are big indeed. children's pace is a reaction. earnings, which were disappointing, this is a company that deals both in children's clothing and toys. gamestop, the online videogame maker, disappointing after the bell and that followed through on the regular session. and xp, a very strong trading debut for a broker company out of brazil. let's take a look after hours. lululemon disappointing. this is the yoga pants maker that had its highs and lows. it met expectations, but it's ou

as i told judge keenan, abuses of discretion, mandamus is available for it. she says something about 1292b strips this quarter of the general power in this context. >> why does it matter? i thought even your opening argument -- and it was your argument before the panel was this would be more straightforward if you would just direct mandamus to dismiss this case. who cares whether we can -- order a different circuit court when we can do that? >> two things about that. here is why it matters. it matters because of judge niemeyer's question. getting mandamus of the 1292 b was a question of whether there is a substantial legal question. this court wouldn't have to bite off whether it was indisputable error. court'sd the district very careful reasoned decision on this and it relied heavily on the idea that the government had only identified one of the three possible bases. it wouldn't bring the litigation the quick close and plaintiffs would still have the cause of action. there was a lot of discussion by the district court not only about difference of opinion, bu

you know, having dave chapelle with him, having chris rock with him, having keenan thompson all lined up there. these comedy gods. that's something that got a lot of play on youtube. already got over 4 million views. he recognizes it's not just about the sketches. it's creating these viral moments people are going to talk about and they're going to share and send out over social media. he did that with this show. >> i do want to ask you because that moment was indelible when they were all standing on the stage together. you talk about a bunch of rock stars. what do you think that moment gave people? what did people see in that moment? >> i think you realize that eddie murphy wasn't just a singular talent. he wasn't just a guy who was popular then and still popular now with, you know, his movie "dolemite is my name." he's a guy that paved a way with a whole generation of other comic stars. all those guys on the stage with him were in their early 50s and 40s. they got their start inspired by people like eddie murphy. and so you realize, my gosh. eddie murphy really -- he didn't just clo

and dave chappelle was friends with him and tracy morgan talks about how he looks up to him, and keenanhad eddie's influence on comedy and particularly on black male comics, and it was astonishing. >> and from the surface appearanceb and he is a guy that has not aged. he looks so good. >> it is like he said, money don't crack. >> and so, one more clip for all of you to enjoy, because it is the time of the year when we need some humor, too. so here it is. >> but we are the most strong force. >> i sure do. take a mission. ♪ i'm in -- i'm in -- ♪ i'm here down and nibble ♪ i'm corn >> did you have anything that said, he didn't hit the mark or was he spot on? >> well, what surprised me, and they seemed to be careful about this, because they were able to take the old characters and bring them into the modern age that was funny and interesting and did not seem to offend the modern sensibilities and they poked fun at it in "black jeopardy" and had the most politically incorrect character velvet jones to come on and make fun of him. it is a smart and savvy collection of characters and situation

let's discuss now with catherine rampell, also michael d'antonio and ed keenan, the washington bureaue toronto star. so good to have all of you on. thank you so much. catherine, i want to start with you because we've got to start with this hot mic moment that shook up the summit. let's listen to that. >> catherine, you say it's not that they were laughing at him. it's what they were laughing at him about. >> i think it's both to be clear. trump's greatest fear seems to be he will be laughed at. he's talked about how the world is laughing at us something like 50 times before he took office. but it's also the subject matter of that mockery or apparent mockery. you had them talking about three of the most sensitive things in trump land, right? one is his failing businesses. they talked about the doral where he was planning to have the g7 summit next year. they talked about his very transparent and inept corruption, also relating to the doral and the fact that he lost that opportunity apparently to enrich himself at taxpayer expense. and they also talked about the fact essentially that hi

not long before i set up on a blind date by tom keenan, a friend and fellow professor home i'd come to know on mass atrocities research. the dates had not gone well. i wrote to dom with rundown of not i do not like about his friend. asking how he could've conceivably thought thought that we might get so long. [laughter] i stress that the incompatibility abilities we're deep and if enough of the e-mail part is i think is the old staying goes, can only make them dress better excavation and more [laughter] just to divert here from intact, is unknown staying. other than staying in this e-mail and regarding it for the rest of time, i don't actually know. i'm not a mature business coming from but nonetheless, this is what i wrote and assumes i hit send, i heard a thing in my inbox and it was a message i had just sick freshly delivered is an incoming e-mail. within seconds of that first thing, i heard a second and received a note from tom that simply read, you did it. my head in my hands and slowly typed and did. tom and i we're part of the listserv. it gets much worse. [laughter] part of the

he appeared with tracy morgan, chris rock, dave chappelle and keenan thompson.d some of his unforgettable characters. >> this is the last episode of 2019 but if you are black this is the first episode since i left back in 1984. >> hi, boys and girls it is your old pal mr. robinson. so much has changed since we last spent some time together. my neighborhood has gone through so much. it is gone through something called gentrification. can you say gentrification, boys and girls. it is like a magic trickment white people pay a lot of money and then, poof, all of the black people are gone. >> they say your neighbor paid $300 for pole dancing classes. >> what a shame. why spend good money on classes when you could do that for half the price in my basement. >> what is going on here? i want to sit down. >> it is gumby. they know who the hell it is. i'm gumby. >> what are you doing here? and the question, michael che, is how the hell are you going to put on a show and not have me in the show until now? i should have been in every damn skit from the top. i'm the one that

i am su keenan. this is bloomberg.ssed the channel. -- tenureond yields japanese bond yields rising for the first time since march. we had that this go stimulus last week and then that better than expected growth number in terms of the third quarter gdp out of japan. now you seeing those 10 year yields rising for the first time since march. moving onto another story. a lifting and mainland china. postal savings bank, one of the biggest banks in mainland china, they started at 5.6 u.n. -- yuan. marginally flat or other positive for the open. this listing was done pretty well. in our guest. this was challenging to the postal savings bank. >> we are seeing very modest and slight gains. there were concerns that it could fall below the existing price in this high valuation compared to the valuation of other things. we know there was an adequate investor demand. for years, debuts in china have been this slamdunk trade but we have seen flops that did not bold well -- bode well. you had a chinese chemical company, that was the

absence and a range of stars appeared with him including tracy morgan, chris rock, dave chappelle, keenan of weeks ago. and our own gayle king was on hand to watch the show -- >> there's a picture. >> a great picture. yeah. >> with dave chappelle. my favorite is eddie doing all the classic characters. what was cool is he updated them for the -- 2020. >> "mr. robinson's neighborhood" updated was phenomenal. squatters rights and gentrification. >> and holiday family time. >> check it out. >> it was really, really wonderful. the last time he hosted, guys, was in 1984. he had a picture of himself when he was just a 19-year-old, fresh-faced comedian that killed. basically helped keep the show afloat during the period when lorne michaels wasn't there. >> and everybody was supposed to be the next eddie murphy. >> exactly. welcome back, good to see you. like a '68 comeback like elvis. >> a great show. >>> jericka in? most journalists never want to be the story, right, guys? in this case, you might want to be part of the story. that changed for one spanish tv reporter covering the world's richest

paul: su keenan thank you. tiffany & co. growth in china continuing despite the weakening economy. this, as consumers curb overseas luxury purchases and spend more money at home. the ceo spoke with us and explained his plans to expand the business in china. i see not really increasing the number of stores but increasing the size and the experience that we provide our customers in those stores. and i think this is really the ultimate example. experience that is truly compatible with our new york flagship in terms of public assortment that goes all the way to a permanent collection. >> will you be adding any stores next year? >> very few. that is not the focus of the growth in china. what is very important this year has been the launch of china, a commerce-enabled. this is very important for the three cities where we do not have a store. not to compromise on the experience. >> sales have been very strong in china. what is your outlook for next year? can you sustain that strength as the economy overall starts to slow? >> as you

haidi: su keenan with the latest on a reshuffle at the top of alphabet.ead to alibaba. in hongillion listing kong -- some are cautioning against unrealistic expectations. joining us now is lulu chen. well alibaba getting added to the hang seng index? >> while alibaba might covet being part of the 50 member index, what we know is it will only be added as of december 9. the reason they are not part of the benchmark hsi and china enterprise index as of now is because those on the comprised of primary listings and also companies without weighted voting rights and alibaba falls in both of those categories. to have a expected meeting and discussion early next year. they will hand out a paper around may of next year. those discussions carry forward next year. it means alibaba probably will not be added to this very prestigious index until late next year, even if they change the regulations. >> do we have any idea of alibaba will be included? lulu: another great question. that does mean billions of dollars that might flow into the company as well. connect does no

keenan ivory wayans. >> "in living color" was the first show created by, written by, directed by, starringculture and exchange. us opening the doors to allowing america to come inside. >> yo, yo, yo, all you bad bargain hunters out there, welcome to the homeboys shopping network. >> a lot of what they did on "in living color" was trying to take the stereotypes or the misperceptions about what black men are and turn them upside down. >> not only will you get all the cable stations out there, but you'll be able to talk directly to the astronauts. >> it brought this smart, very controversial comedy that black folks had never seen before that centered around their life experiences. >> who are you? >> i am the minister louis farrakhan. >> african-americans composed 25% of fox's market. >> i always get trapped in the corner with somebody named bob. hey, listen, martin, i just saw "boys in the hood," all right? i didn't know, martin, i didn't know. >> they knew that they needed to capture this audience to grow. >> i guess you think you smart and cool. but if you think you get a job here, you're a