macri: no. less than 10%. >> i checked. pres. macri: today we improved.nds, long-term bonds, short-term bonds. >> 10 year bonds. pres. macri: let me tell you. i understand what is going on. there is an extension between united states and china. eric: you think that is affecting your bond yields? pres. macri: absolutely. it is affecting all emerging markets. in addition, the next election is coming. eric: yes. the investors whom i have spoken with tell me they need to know your political strategy. what is it? why? because, if you lose the election, your economic strategy will die a quick death in 12 months. if the opposition wins, your strategy is not enforced. what is your strategy for winning the election? pres. macri: keep telling the truth. keep working together with my citizens, showing them that this is the only way. and this g20 helped. because every leader that visited us for the g20 and the bilateral meetings we had, they all agreed we are doing the right reforms. >> this is the new type of war. the hybrid war. hybrid war, the cyberattack, western

yesterday president macri and i held productive talks on the way forward in our partnership. we also welcomed the agreement on a new commercial airlink between in the south lens and how apollo -- sao paulo a move , that shows what you can achieve when we work together. the u.k. has been clear about the importance of g20 to international economic cooperation and the rules-based order. the g20 brings together countries that collectively constitute 85% of gross world product. two thirds of the world's population and one half of the land area. it is a vital form in which we can work together to achieve strong, sustainable and balanced growth. 10 years on from the last g20 leaders meeting, this has been a productive summit. we make strong commitments to work together on a range of areas, including reform of the world trade organization and making the global economy work for everyone. we also discussed key priorities, such as tackling climate change and promoting global health. and i welcome the commitments made on stepping up the fight against modern slavery. over the course of th

mr macri looked a little bit disappointed at his departure.se himself, before getting ready to greet his next guest. let's take a look at some front pages from around the world. the south china morning post leads with the meeting between china and the us at the 620 summit. they report on president xi and president trump agreeing a 90—day truce in their trade war. the straits times also features that meeting, describing a global sigh of relief at the outcome. it also touches on saturday's violent protests in paris — which it says were the worst france has experienced in decades. and the japan times has also got the xi—trump meeting on its cover, this time warning that japan is now in president trump's crosshairs after he agreed a trade war ceasefire with china. it also looks at the 620 meeting between france's president macron and japan's prime minister abe, and looks at how the arrest of renault and nissan car executive carlos 6hosn injapan could put a strain on relations between the two countries. now kasia madera what stories are sparking di

and macri says look at that blue wall. what's going on? is he coming back? no, okay.y learned their lesson, though. for the rest of the summit, trump was on one of those kid leashes. ( cheers and applause ) ( piano riff ) while he was there, trump had a major meeting over dinner with chinese president xi jinping, seen here signaling to his third base coach to jail a dissident. ( laughter ) at the meeting, trump agreed to cancel a planned january first tariff increase in return for increased chinese purchases of american farm and industrial goods. in celebration, trump tweeted, "my meeting in argentina with president xi of china was an extraordinary one. relations with china have taken a big leap forward! very good things will happen. we are dealing from great strength, but china likewise has much to gain if and when a deal is completed. level the field!" very important, he wants a level field. because he can't walk uphill. ( laughter ) "the bone spurs." ( cheers and applause ) ( piano riff ) they can fix that, right? sure, why not? and trump knows who the big winners

nejra: that was argentina's president, mauricio macri, speaking exclusively to bloomberg.tocks have failed at least six times this year to rebound from a $5 trillion selloff. now they are making another attempt with the best chance of success yet. the msci emerging markets index is started the final month of the year on an upbeat note after the u.s. and china agreed on not to escalate the trade war. a closed above 2% yesterday for only the fifth time this year. cap emerging markets stage a rebound? -- can emerging markets stage a rebound? raj shant is still with us. let me show you a chart. your underweight -- you are underweight emf the moment -- emerging markets at the moment. for that to be overweight what do you need to see? raj: it is a lot to do with the fed's policies, the dollar strength, but fundamentally over the last 10 years it is the growth in em debt that is most concerning. we have looked and found some really interesting stocks, specific opportunities in emerging markets. you cannot brandish all of these companies with the same brush, but fundamentally a lo

president macri and i had productive talks on trade.of an airlink, a move that shows where we can achieve when we work together. the uk has always been clear about the importance of the 620 to international economic cooperation, and the rule—based order. the 620 brings together countries that collectively constitute 85% of gross world product, two thirds of the worlds population, and around half of the world's land area. it is a vital forum in which we can work together to achieve strong, sustainable, and balanced growth. and continues on from the last meeting, this is that a productive summit. we have made strong commitments to work together, including reform of the world trade organisation, and making the global economy work for everyone. we also discussed other key priorities such as tackling climate change and i welcome the committee's made an tackling slavery. 0ver welcome the committee's made an tackling slavery. over the course of the summiti tackling slavery. over the course of the summit i have a number of meetings with other w

i'd like to also begin by president macri of argentina for his leadership and stewardship of the g20ver the past 12 months.

i'd like to also begin by president macri of argentina for his leadership and stewardship of the g20 over the past 12 months. it has been a very productive year. argentina focused on three priorities, which are priorities for us all. the future of work, infrastructure development and sustainable food. these priorities aligned well g7 summit in quebec. [speaking foreign language] [speaking foreign language] >> i'd like to congratulate argentina for bringing a equalityve of gender to our talks. we know our societies are stronger when women are full and participants. over our two days here, i've reiterated canada's commitment multilateralism on trade, on climate, and other challenges we share. no country can solve global problems on its own. we need to work together. the g20 offers us a critically important forum for doing so. as you may know, canada played a leading role in the creation of as its elevation to the leaders level in 2008, in the international financial crisis. and over the years, this forum demonstrated its worth as we seek to build a more stable and prosperous world. fro

macri reached out to management who sent us this statement. >> this is a cosmetic statement problem and not structural in nature. the city of walnut creek is aware of the issue and we are working with them on a solution. for now mall management hopes the cones will do the trick and people will continue to shop while remaining cautious. >> i am from new york. we have worse things there. >> reporter: if you are shopping here, you will more than likely able to pick up a souvenir. we talked with structural engineers who agreed that the problems here appear to be cosmetic. meanwhile the mall says only 30 stalls are out of commission ov >>> we are waiting for some of the valley fog to show up in the bay area. there are some patches here and there. so far not a big production. we should see quite a bit by tomorrow morning. we had a lot of it this morning. relative humidity and dew point temperature are relatively high. we do have a weather system just offshore. it is weak and it will bring a few showers tomorrow night. most of us will be in the hundreds of an inch. it will be after the evening

president macri of argentina this afternoon.ast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. unstopand it's strengthenedting place, the by xfi pods,gateway. which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. tom: this morning, markets worldwide, they celebrate the trump-xi meeting. silence from beijing. there is great uncertainty over the timing of the trade war. useful?ot plot we consider the science of monetary policy. a conversation with richard preparesnd washington for a wedn

seek arced macri to record imf credit line.loomberg argentina is in a stronger position than 12 months ago. this is a very competitive situation, no? the best moments of argentina. you can see it is improving. exports are growing. imports are less. >> japan newspapers say tokyo prosecutors plan to the arrest the former chairman and director greg kelly. the rearrest will happen on december 10 on a charge of understating his income. prosecutors think the pay was underreported by $79 million. consumers spending growth slowed last night as concern about brexit tempted households to be cautious. in november.3.3% cold weather kept shoppers out of stores in march. they remain confident their finances --. global news, 24 hours a day on air and on tictoc on twitter. this is bloomberg. the keyg up, we look at shapers for us in 2019. we continue our conversation with the chief economist. >> how low can ago? we speak with the ceo of japanese exchange. this is bloomberg. ♪ looking ahead to 2019, ebs calls a report fading momentum. growth of

. >> we are seeking to work constructively with president macri.e always been clear britain will play a full and active role on the global trade. will stand up for the role of international order and strive to resolve problems in the work with mutual allies for the benefit of our citizens, and remain steadfast in our determination to tackle the great challenges of our time. at the summit, we showed the international community is capable of working to differences constructively and the leading role the u.k. will continue to play in addressing shared global challenges. we agreed along with the other leaders on the need for important reform to the world trade organization to ensure response to changes in international trade. we pursued our objective of making sure the global economy works for everyone. called for greater action in the fight against modern slavery and tackling climate change. we held discussions with international partners on security matters, including the progress on our exit from the european union. let me take each of these in turn

debra: emanuel macri has vowed to face down the violent protests that have troubled friends for weekslling ministers measures over the last 18 months including the scrapping of a wealth tax will not be undone. but having shown a flash of weakness in suspending a plan to feel tax hike, the tough talk may not carry the same weight as before. washington has said goodbye to george -- president george h.w. bush in an emotional service at the national cathedral. the president's elder son george w. called him a man of unrelenting optimism and steadfast character. president bush was the last u.s. leader to fight in wartime. he will be buried after a funeral service in texas on thursday. global news 24 hours a day, on air and at tictoc on twitter powered by more than 2700 journalists and analysts in over 120 countries. tracy? that. thanks so much for wei's cfo has hua provoked a storm in china just as trade negotiations with the a cripple stage. the chinese embassy in canada has called for them to rectify what they call wrongdoings. characterslain the involved in this and what we know so far?

ella macri no, i think the document?lly points out the difference between political optimism on the one hand, and legal realism on the other, because there is nothing really we didn't know here, but this is put by the attorney general in very stark, very plain language, in black—and—white. it makes it clear that the backstop arrangement is one that we cannot unilaterally leave. we need an agreement in order to do so, and we cannot force the eu into an agreement. that i think is going to pour petrol on the political flames of this debate. that is what you go toa of this debate. that is what you go to a lawyerfor, when of this debate. that is what you go to a lawyer for, when you of this debate. that is what you go to a lawyerfor, when you go of this debate. that is what you go to a lawyer for, when you go for legal advice you don't want the most optimistic or pessimistic interpretation, you want a realistic view of what the law means, and the law in this instance is very clear, andi law in this instance is very clear, and

macri: keep telling the truth, keep working together with my citizens, and showing them that this ised a lot because every leader that visited us for the g20 and the 17 bilateral meetings we had, they all agreed we are doing the right reforms and citizens are watching what the world tells us because there are many citizens that don't have enough information. they need to know if we are doing the right things and i keep telling them we are on the right path. this way come argentina will develop and reduce poverty and i really believe the majority of -- don'ttines want want to go to the past. anna: that was argentina's president speaking to erik schatzker. next on the market open, stocks on the move this morning. shares slumped to a record low after 2019 will be a challenging year because of labor driven costs. this is bloomberg. ♪ matt: welcome back to "bloomberg markets: the european open." 55 minutes into the trading day and we are looking at losses on the major indexes. let's look at how individual mid-cap movers are doing. for a company that has lost half of its value this year, t

we had president macri take to the airwaves last night. here is what he had to say.t my share of responsibility. i may have given you the feeling that it was not my concern, that i have other priorities. i know that i may have heard some of you with my words. i want to be clear with you tonight. i fought to shake up the political system precisely because i believe in our country, and i love it. david: when we talk about global growth with the u.s. or europe, we normally don't like uncertainty. on the other hand, we seem to be moving away from austerity in italy and france. could that be beneficial at some point? >> historically, deficit spending has hindered growth. the government crowds out other productive investing. instead of investing in the economy and systems, they paid out deficits. what we see with economies that wrapped up deficit spending, it is not positive for growth. this whole european experiment, this is no longer and italy problem, brexit problem, it is widespread throughout europe. when we think about how we are investing globally, we have said ther

shery: argentinean president macri says the peso is now at a competitive level, that's helping boosthe spoke exclusively to bloomberg after hosting what he called a successful g-20 summit. >> it was a very good meeting. he found a different open attitude to work together. he is in favor of the whole world, no? but understanding that you can't accuse the united states of being a close country. it's the most open economy in the world. what he's asking for is a trade. i think we should keep finding to the die locker the consensus. -- dialogue, the consensus. that's what i tried to build during this g 206789 being an honest broker. to -- g-20. being an honest broker. i'm very glad and satisfied that we achieved an environment in which everybody was really comfortable. we created an environment and especially saturday night, friday night, everybody was surprised of viewing what is argentina and our culture and -- [inaudible] >> things have improved for your country since we last saw each other in september. in new york. the peso has stabilized. inflation is coming down. it looks like the

it is pleasing to hear that moritz —— mauricio macri have had talks on investment.mise agreement but fall short in severalareas, in compromise agreement but fall short in several areas, in particular the pledge to look at the wto requires further explanation in terms of what reforms she believes is needed and why. also, in terms of the refugee crisis and our responsibilities, it seems the communique has the bare minimum commitment rather than ambition. mr speaker, this is particularly shocking given that this week marks the 80th anniversary of the kindertransport, the children who fled the nazis. we should still have that generosity of spirit for refugees in this country today. i do, however, agree with the prime minister's sentiments about how important the 620's to international economic cooperation and welcome that commitments have been made to work together on economic opportunities and the greatest threat to our generation, climate change. however, i know the press release the prime minister explained how the summit gave her the opportunity to update leaders on