u.s. market united states alleges that the two companies work at the behest of the chinese government and that their equipment could be used to spy on americans. santa claus came late for markets around the globe but in some regions it did show up eventually asian markets made up some ground following a record shattering rally on wall street where the dow jones gained over a thousand points on wednesday that's a five percent and one of the strongest days for u.s. stocks in history. as european markets were closed for christmas of course they're back in action now our financial market correspondent ali bads joins us in frankfurt now and only from what i hear the dock certainly started to the day in negative territory not looking very good what's holding it back. you know you used the word action i wouldn't describe it that way here and i think the traders are also complaining a little bit about the kind of in between holidays and trading here but what's really gotten them worried and concerned is that roller coaster ride on wednesday this week it didn't just go up wednesday but it went dow

u.s. market the united states alleges that to the two companies work at the behest of the chinese government and that their equipment could be used to spy on americans. that's all for now you're watching d.w. news live from berlin wall coming up at the top of the allegan i'm greta will be back with the latest thanks for joining. us. and during the conflict zone fronting the powerful. after thirteen years in power and some damaging straight election results angela merkel is of course she is visibly waning how long can the good you. cling on to college my guess is most young short day one of the most famous and infamous politicians in germany conflicts of. g.w. . china one nine hundred sixty six miles they don't proclaim. the cultural revolution if we can think of anything better than going to china several european wept up in the euphoria i must of been really quite excited to see you have crawled in like teenagers grocery. are some of their stories. just cover your concept discover it with. a school. lunch or after one hundred give us the ideals of the bombs more relevant today than they wer

u.s. consumer. data reinforces that today. we have a tight labor market in the united states. the market seems down on the u.s. economy.he data does not support that. michael: there is a complete disconnect between what economic data is showing and what the market is doing. there are different worldviews. certain investors believe the market is looking forward, it is ahead of the economists and it is foreshadowing. on the flipside, the other worldview is that the market is being irrational. data is disappointing, the surprise index is not negative in the u.s. or around the world. the data is coming in lower than estimated. earnings estimates are still holding firm at 9.5% growth for next year, gdp growth of 2.6%. as heather said, european stocks are cheap compared to the u.s. the u.s. alone is cheap compared to itself. so, it is this battle between worldviews. is the market signaling the economy will head south? or is it being irrational? i think it is being irrational. that could last for a while. it is hard to say what will turn that sentiment. guy: plenty of old jokes around that one. thanks indeed. michael and heat

u.s. military market the plane make a has announced a partnership with the united states lockheed martin in an attempt to supply the u.s. air force with refueling planes if successful it would mean tens of billions of euros in business for both companies american aerospace john boeing currently maintains the f. force this tank of slate the deal marks the first time abas has attempted to crack the u.s. military market since its failed bid to much with a isa systems i was back in two thousand and twelve. that's your business update here on d w for me and the teens to keep us company. i'm in creating growth and i want to find out what turns this medieval town world heritage business will be using the famous you feel your insurance and be looking at what else you can experience here in the run up to christmas. next. fix the temple of technology. the result of the market. the momentum of the emerging world. me your maze mr jermyn seen in sixty minutes on d w. six this is the one hundred german streets on t. w. . her first day at school in the jungle. her first camillus and. then doris grand mome

u.s.-mexico-canada agreement to secure export markets in u.s. trade ties to produce jobs for the united states on the international front we should work closely with the new government of brazil to restore original antidrug alliance. we must increase asymmetrical measures to attack transnational organized crime threat. more investigators, more prosecutors, more intelligence and more legal authorities are needed to sanction and punish kingpins and choke off cash to the criminal operations. we should work with our neighbors to confront the narco state in venezuela and dismantle its criminal network. we should help continue to help colombia eradicate coca and secure its border with venezuela and final we should investigate, expos encounter activities by cuba, russia and china abetting traffic and other criminal activity in the americas. we have a lot of work to do obviously. they give a much for your attention. >> thank you. professor realuyo. >> thank you, chairman cornyn, ranking member durbin, for the opportunity to appear before you today to testify on the threats posed by mexican ptos for na

u.s. futures look fairly flat this morning. let's look. it is a day where we are focused on the big picture. can you see selling to the extent in the united states yesterday, u.s. markethe lowest in 14 months, we will pick up big picture themes. where the fed it goes from here, political pressure on the fed and what it thinks about the selloff in equities and the feed into the rest of the economy. some individual stories, sector stories to pick up on. matters to do with technology, and what that does to sap and other players in the cloud market. cacing down by .5% on the and ibex. one -- one third of 1%. matt: i see communication services, mostly telephone operators, are the only gainers here. otherwise, losers across the board. energy, leading the pack. not surprising as we see brent crude holding below $60 a barrel and wti holding well below $50 a barrel. energy and materials are down, but it and utilities are losers today. almost no matter where you look, you will see stocks down. in fact, more than 400 of the stoxx 600 issues are trading lower today. what do you see on the mov screen? anna: sector picture on oil. but let's start on the upside. challenger bank on t

u.s. markets. >> it's starts off on a positive note. it's a bumpy day in asia. despite the historic rally in the united states. in spite of the dismal december the u.s. markets have had. and around the world quite frankly. i want to put up what drove in positive market all of a sudden. there was a 20% discount for anybody buying stock. a few months ago the stocks would have been more expensive. you have the news a white house saying the fed chairman job is 100% safe. keep in mind especially on twitter, he had been the target of trumps ire over the holiday. then you have this report from bloomberg saying a delegation may visit beijing in january. there could be positive news on the trade war front. finally very positive numbers from mastercard about people spending up until christmas eve the best spending we have seen in about six years. the other thing that was absent is we didn't have trump on twitter agitating the market. for days now trump had been tweeting sometimes dozens of tweets within 24 hours. criticizing everybody from the fed chair to his treasury secretary. that's what spooked the markets on christ

building a second car plant in the united states well you know it's meant came off to a meeting between german car makers and trump in a bid to terrorists. the u.s. market is exceedingly important for german car makers b.m.w. mercedes and v.w. although the market as a whole is shrinking the german share of it is growing that means jobs in the three u.s. plants the companies employ a total of over forty nine thousand workers in production and the supply industries they make a total of one point three million cars a year the u.s. side in the talks will certainly be interested in the company's investment plans interestingly enough the largest b.m.w. plant in the world is in spartanburg south carolina where the company's already invested nine billion dollars and a further eight hundred million dollars a plan by twenty twenty one those investments could be reduced if import tariffs were imposed on b.m.w. autos brussels is determined not to allow talks between german companies and the u.s. government to undermine e.u. u.s. trade negotiations. this is not about some kind of trade as you questions of trade are dealt with by the european commission on behalf of

markets given the massive swing we had on the dow yesterday? do you think the united states has continued exceptionalism trend that's only in the u.s. arkets? >> yeah, well, i mean, uk markets and european markets follow on what's happened yesterday in terms of massive upside in u.s. markets. it's similar story. if you have seen massive amount of selling leading up to this point, the fact that we have seen oversize move in u.s. markets shouldn't be surprising. if you look at bigger picture, we are not necessarily out of woods quite yet, we have bearish trend in play and that's, you know, some people are talking about is this the end of the selloff? i'm a little bit more cautious honestly. this happened at a time where there's not many people trading and you don't see high volatility doesn't necessarily show me confidence. >> josh, thank you for joining us this morning. >> thank you. >> and let's turn to a familiar face that you have seen moments ago on our set, lauren is hopefully she's about ready, right? lauren: i'm here. >> she's filling in for mornings with maria, i will throw it to you. lauren:i am lauren simonetti in for maria

markets. the united states must continue leading the world on trade and economic issues. the u.s. market is one of the most open in the world. unfortunately, other countries throw up numerous barriers to our exports. president trump and ambassador light highser are working -- lighthizer are working to correct these injustices. i intend to assist them with this fight, with the understanding that creating market barriers of our own, like tariffs, is not a long-term solution. one of the top issues congress needs to address next year is the complementation of the -- implementation of the recently signed u.s.-mexico-canada agreement. that the updates nafta for the modern economy. the new trade deal with mexico and canada makes significant updates to the original nafta with new sections on digital trade, currency manipulation, and state-owned enterprises. it goes further than any other trade agreement in protecting intellectual property rights and makes important changes to market access for agricultural products. while i commend the president for following through on his promise to rene

u.s. market. last year china's merchandise surplus against the united states was 88.9% of their overall merchandisede surplus. that's extraordinary reliance on us. they've got to talk to us. we're going to be extremely upset and we can see that from official state media and also the national lissic global times connected to the communist party. they're really upset. >> the huawei executives when we deal with them, they say look, we're a private company, nothing to do with the government. that's the message they try to send because they're trying to sell around the world to telecom. can you separate huawei from the government? >> it's private, not a state-owned enterprise. but the connection and the coordination between huawei and the communist party is close. also, the coordination with the people's liberation army which is part of the communist party is close. you know, huawei grew extraordinarily fast. it's now the biggest tellly come equipment manufacturer in its segment. this happened for a lot of reasons, the most important because of its connection and support from beijing. >> do you agree th

anxiety for a lot of federal workers here in washington and all across the united states that is another roller coaster day for u.s. marketson thursday after dropping more than five hundred points that out and it's back to finish up more than one percent markets also show fall short i think global market volatility and investors worry over global political uncertainty. military claims its crackdown on crime in rio de janeiro has been a success controversial operation to end on monday target some of the state's most violent areas most of them in the capital but some residents say it failed to address the root causes of the problem. reports. for nearly one here soldiers carrying machine guns have been raiding some of brazil's most dangerous favelas the military was called in when gang violence became unbearable the government says the plan to curve in security work. this ceremony marked its completion the state operation in rio de janeiro officially ends on december thirty first the general in charge says the mission was accomplished moment is still to news we are here to mark the end of the federal intervention in public se

a partial united states government shutdown and the trade war with china are having a crushing effect on u.s. stocks the market has tumbled to a historic christmas eve low but despite that president donald trump isn't taking any of the blame gabriel is all reports from new york. the closing bell couldn't ring fast enough on monday market sell off continued with the dow losing more than six hundred points and nearly three percent the worst christmas eve drop ever by far it continues to decline that's been going on for more than a month. until monday the worst drop on the day before christmas was one thousand nine hundred eighty five when it dropped half a percentage point markets hate uncertainty but now when wall street looks to washington they're getting that plus unpredictability here's what has the markets worried a partial government shutdown that some are predicting could last into two thousand one thousand frets of increased terrorist back and forth between china and the u.s. trump has been looking to put the blame on the falling markets on the federal reserve and its chairman jerome powell who trump has

u.s. has shown no signs of backing down but this is having an actual impact since the news of the charges facing her the stock market has plunged in the united states it is expected to close down wiping out pretty much all of the gains for twenty eighteen and some from twenty seven to u.s. president donald trump is nominated head the now it to be the next u.s. ambassador to the united nations she's got it a spokeswoman for the u.s. state department if approved by the senate now it will replace nikki haley who leaves the u.n. at the end of the month rosen join reports from washington. that afternoon it's been rumored for weeks that state department spokesperson heather now it would be named the next u.s. ambassador to the united nations on friday the u.s. president confirmed the speculation. are. five. hours. every. day nauert had no foreign policy experience before she joined the state department in early two thousand and seventeen she was a t.v. news presenter and correspondent most notably at the conservative fox news channel that background made it easy for critics to pelt after podium gaps such as this one looking back in the history books toda

u.s. economy. in fact, i think that the result is that a slowing chinese economy can bead for some companies and sectors but good for others in the united states. each time it has taken the market in the pas time to rebound.this and then >> are the fundamentals though for the u.s. economy and the companies that dousiness here and report their earnings? are those still intact >> the u.s. economy is slowing down a bit. it was really goi strong last summer when the market thought the u.s. economy could do no wrong. and now it's slowing down. and people are focused on the downside. t for the life of me i'm not a perm a ll. i always cheer up the u.s. economy and the market and says it's aai st line upwards. i keep on looking for sig of imminent recession. and i don't see them. the latest enomic data is actually relatively robust and relatively positive. there are things that could turn to big are problems later and soft spots. but i don't see the economy facing a recession right around the corner as the market seems >> very quickly, would you use days like this or the overall trend that we have seeing of volatility and lower prices if you are a longer term w investld you add to the

u.s. has shown no signs of backing down but this is having an actual impact since the news of the charges facing her the stock market has plunged in the united states it is expected to close down wiping out pretty much all of the gains for twenty eighteen and some from twenty seventeen well chilled ticals is a security report at the register a technology used opinion website joins me now via skype from some francisco good to have you with us from the west coast of the u.s. i mean how much of this a rest for the moment a request for extradition could be linked really to the current trade spat between the u.s. and china and european. well this is as far as the sanctions this is something that's been under investigation since i believe twenty twelve this is been going on for a while the timing on it is pretty suspicious i believe john bolton recently said that when the arrest was made they were actually having dinner with president xi so this was something that the u.s. seemed to have lined up pretty well and it does look like well he's kind of being caught in the middle of this trade argument here. i mean this sort of does sort of tie into sort of th

u.s. markets both ending their sessions in negative territory in west does worry about the fate of a tariff truce between the united states and china but conflicting messages because of conflicting messages from u.s. president on a trumped that have dump and hopes of an easy resolution investors in the united states are also concerned about a full long term bonds and deals seen as a sign the american economy could be snowy dalin. and for more we cross over to our financial market correspondent christiane bitsa standing by for us at the front that stock exchange polls are already mentioned that european stocks aren't exactly exuberant today what's the overall mood. not exactly zero is rides the mood have considerably soured here in frankfurt on the training floor as well as on trading floors cross europe most most european indices are down this morning and it's especially after or compared to monday when there was that white spread optimism after the g. twenty meeting between president donald trump and jim ping that seemed to make things a little better now that's completely god and that worries about the u.s. economy poss

organizations including drug cartels represent a threat to the safety of the united states and its citizens to expand into mexico and u.s. markets. in 2017 mexican cartels cultivated 44,100 sectors of opium poppy and produced the metric tons of pure heroin in mexico smuggling the majority to the united states increasingly mexican cartels are pressing sentinel and clandestinely produced in china into the fake prescription pills and smuggling them across the southwest border. they also produce the majority of the methamphetamine consumed in the united states and they facilitate columbian cartel trafficking of cocaine which is also increasingly affecting our communities. the two previous mexican presidential administrations attempted to confront the internal security threat presented by the cartels in their own ways. however, despite mexico's best to efforts, they've exploited vulnerabilities. it amounts to less than 1% of mexico's annual budget. they currently viewed this as a shared responsibility. they engage directly with the government of mexico and as a participant in the high-level bilateral meetings including the security c

markets and u.s. trade ties that produce jobs for the united states. on the international front we should work closely with the government of brazil to restore a reachable anti-drug alliance and we must increase asymmetrical measures for the organized crime threats. more investigators and prosecutors and intelligence and legal authorities are needed to punish kingpins for their criminal operations. we should work with our neighbors to confront venezuela and dismantle its network. we should help continue to help colombia eradicate and secure the border and finally we should investigate and expose and counter activities by cuba, russia and china abetting trafficking and other criminal activity in the americas. we have a lot of work to do obviously. thank you very much for your attention. >> thank you mr. chairman, ranking member. for the opportunity to appear before you today to testify on the threats posed by the mexican national security at u.s. and mexican efforts to counter them. mexican cartels are in the activities that include drugs, arms, human t

anxiety for a lot of federal workers here in washington and all across the united states senate other relics day for u.s. markets on thursday after dropping more than five hundred points it out and that's why that cloud it's payback rather chain finish up more than one percent at the markets also showed falls reflecting global volatility and investors worry over uncertainty. around forty thousand people were killed and gun related deaths in the united states and two thousand and seventeen number and twenty years cities across the country are grappling with gun violence with some turning to cash for gun schemes aimed at getting weapons off the streets reports if you know if you're going to stop before you go back in one of america's deadliest cities police are trying to even beyond. to reduce the number of weapons they face on the streets of baltimore they're buying them one hundred dollars for revolver and five hundred for a fully automated firearm no questions asked. couple pieces i think i need to get rid of i think just great idea gets some guns off the street one of the problems. there is little appetite on

what china is doing what the united states bryan and asian markets certainly are trading lower today as investors worry about the fate of this tariff truce between the u.s. and china those losses follow steep declines on wall street where shares tumbled to over three percent on tuesday investors had originally welcomed news of a breakthrough in the trade dispute between the world's top two economies but conflicting messages from u.s. president donald trump a dampened hopes of an easy resolution investors in the united states are also concerned about a fall in long term bond yields see this a sign of the american economy could be slowing down. meanwhile fox is looking to build an alliance with u.s. carmaker for to that's according to fox fox your habits denise executives from b.m.w. and mercedes met with administration officials at the white house on tuesday to discuss trade german companies of course are hoping to get out of a twenty five percent tariff threatened by president's trump as a way to strengthen the domestic car industry d.w. is also considering building a second compliment and the other two companies have also announced major investments. t

u.s. and china keeping the truce as well of course bridewell asian markets for one they're up after the united states and china agreed to a ninety day truce in their months long trade dispute the announcement came after the country's leaders met at the sidelines of the g twenty summit in argentina this weekend but what have they actually agreed to let's take a look. for months there was little or no less up in the trade dispute between the world's top two economies no wonder then that this handshake which took place on the sidelines of the g twenty summit made front page news in both countries the deal the leaders struck a ninety day pause on u.s. plans to raise tariffs from ten to twenty five percent on two hundred billion dollars worth of chinese goods in exchange china has pledged to buy more u.s. imports and according to u.s. president trump to reduce or scrap tariffs on u.s. made cars news of the breakthrough spread fast in the chinese capital beijing. vision might be america first but china's is world first. disagree over this but i believe there is more than one way to promote global economic

u.s. to list on new york exchanges we, as a provider of cannabis in the united states, have to go to canada, and access the public marketsll the canadians are companying to the u.s. >> canopy was able to. bruce was able to. >> bruce and cronos for sure we love that same opportunity to list here in the u.s., as well, creating more jobs, more money, more tax revenue >> why don't you do it if the other three did? >> we're not welcomed yet. >> really? >> unfortunately, we have to go north because it's federally illegal here in the u.s. now, the state's act, we believe, mitigates all of that and puts us on even footing with everyone in north america. >> again, i'm trying to understand how it was okay for canopy >> because they operate solely in canada. >> okay. now, i look as tobacco and alcohol. they have to, right? >> they all have to. >> i mean, it's just natural wouldn't they want to be affiliated with the one where the speaker is on the board? >> today, acreage is the largest foot print in the united states with 19 states we have a $500 million war chest. we have what we believe to be the best executive team and the best

u.s. markets making them the greatest criminal threats to the united states.in 2017 mexican cartelsme cultivated 44,100 opium poppy and produced 111 metric tons of pure heroin in mexico. cycling the majority to the united states. increasingly, mexican cartels suppressing fentanyl and clandestinely produced in china and the prescription filled smuggling across the southwest border. mexican cartels also produced the majority of the methamphetamine consumed in the united states and they facilitate the colombian trafficking of cocaine which is also increasingly affecting ours communities. the two previous mexican presidentiapresidential adminiss attempted to confront the threat posed by the mexican cartels in their own ways. however, despite mexico's best efforts, the cartels exploited vulnerabilities in governmental institutions at all levels allowing the economic expansion even beyond drug trafficking. the profit earning potential of the mexican cartels exceeds the mexican government's annual budget allocated to its homeland security which amounts to less than 1

u.s. markets making them the greatest criminal threat to the united states. in 2017 mexican cartels cultivated 44,100 44,100 hectaf opium poppy and produced 111 metric tons of pure heroin in mexico come smuggling the majority to the united states. increasing, mexican cartels are pressing fentanyl and fiddle analogs, clandestinely produced in china into fake prescription pills and smuggled them across the southwest border. mexican cartels also produced the majority of the methamphetamine consumed in the united states and they facilitate colombian cartel trafficking of cocaine which is also increasingly affecting our communities. that two previous mexican presidential administrations attempt to confront the interval security threat presented by mexican cartels in their own ways. however, despite mexico's best efforts these cartels of exploited vulnerabilities and governmental institutions at all levels allowing their economic expansion even beyond drug trafficking. the profit earning potential mexican cartels exceeds the mexican governments annual budget alloca

u.s. trade policy continues. this makes markets nervous. if you are the president of the united statesnd you are yapping about the fed on twitter, the best thing he can do is leave it alone. he doesn't know how to do that. >> we have seen that time and again. it was interesting today, he didn't take a wack at j pow. he took his foot off the gas and said we'll see. how long is that going to last? >> maybe someone showed him the market dive after he took to twitter. there is a reason people put money into the u.s. also because the fed is not dependent. the fed does not make monetary policy based on the stock market doing day in and day out. that's the way investors like it. the way the monetary policy system is supposed to work and when the president decides he will inject himself and he knows better than anybody who works for him, he has a private business and he understands how monetary policy works. you are going to rattle the markets. >> and listen to him this morning also blaming president obama or at least saying president obama had low interest rates. >> the economy is doing so we

market in the u.s. is showing some or some early signs of weakness but then also on the bright side it was the ninety eight consecutive months that jobs created here in the united states that is a streak that we've never seen before in the history of the country so overall the job figures are still solid but as you mentioned less jobs got created as expected and that could be another sign that the economy is growing but not as strong if we seen it in the past couple of months and years we're seeing amien quite a drop in the markets a myriad of issues no doubt weighing on them in terms of trade that jobs report what's the sense that you're getting there what are investors really worried about . just a high level of uncertainty so the growth story is. definitely one big factor that growth might be cooling in the u.s. that growth might be cooling globally then if we look at interest rates i mean there is a bright side soul that the federal reserve might consider to not have as many rate increases the next year but then again there was a drag on the financial industry on banking stocks and then we also have all those trade issues. nobody really knows where that is leading

market has closed. it is a national day of mourning on wednesday, to really revere the life of the 41st president of the united states. we closed higher on the day in the u.s. and has a look at the current world, the reason the markets are higher is because there is optimism that the trade situation we see between china and the u.s. is hopeful. it is notable that we get coming from china today, actually, some comments praising george h.w. bush, saying he established the u.s. china relations. how are the u.s. chinese relationships today? >> very fragile. fragile.y what we saw in argentina, people are calling it a true cease-fire, but it is more of a punt. we planted the situation down three or four months, but the decision must be made. the idea that we can negotiate structural changes to the chinese economy in 90 days is naive at best. back in thise position in 90 days and the president has a decision to make. joe: the president -- is he right to push the issue? some of these structural issues, particularly related to technology transfer, we went not really see a solution in 90 days, but is the administration right to force that conversation to begin, even

u.s. imports. the question is, does the market believe the president of the united states when he says something?n. stay with bloomberg television. "ext, "bloomberg: surveillance with tom keene and francine lacqua. later, we will speak with the president of ukraine. don't miss that exclusive interview at 8:00 p.m. london time. ♪ n time. ♪ . . francine: mixed signals. the rally in risk assets comes to a halt. a section of u.s. treasuries flipped for the first time in more than a decade. does this mean a recession is on the way? another brexit hurdle for theresa may. her government may be content by not publishing legal advice. unilaterally boosting the pound. welcome to bloomberg

united states is mixed. or is strong on the labor market but the confidence on the u.s. consumer is painting a negative picture. out what the story is for the u.s. markets. 1000 points up on the doubt yesterday. we are up now almost 2% and crude as well is driving down the energy sector. a 45now back down to handle and that is pushing all of the energy stocks lower. it was interesting because we were talking thing to ask if we hit a bottom. sectors and energy needed to outperform but energy is the worst performer in the s&p 500. energy -- energy infrastructure companies are up and exxon mobil is having one of the worst year since 1981. schlumberger is off as well. we have seen everything a lot lower today. looking at the terminal, we have talked about intraday volatility. you see a massive 1% or more swings and eight out of the last nine trading days have had a swing of 1% are more. most of that is clearly here to the downside. i want to look at every sector. one of the worst days in 14 months with conagra and campbell as well asg hit hard macy's. you mentioned consumer

s sean walsh, deputy secretary to the 41st president of the united states, thanks for coming to share your thoughts. >>> the u.s. stock markets will close this wednesday in honor of president bush. wednesday is a national day of mourning and the federal government will be closed as well. the financial markets usually close following the death of a president. the markets shut down in 2007 after former president gerald ford died and in 2004 after the death of ronald reagan. traders observed a moment of silence before the markets opened today. and we have information on the schedule of events for president bush's memorial services all this week. and we have all those details up at our homepage at ktvu.com. >>> back here in the bay area, a day after the two ye deadly g ship warehouse fire vernon nakahara has been assigned as a judge in this case. he retired from the alameda county bench but still hears cases. court watchers say he's well respected. derick almena and max harris have each been charged 36 counts of involuntary manslaughter, one count for each person who died. package plea deals that were brokered by a different judg

united states. a tense standoff that's hammered already jittery global markets and tumbled u.s.portant is the timing of this arrest to trade relations? >> good morning. well, judging by market reaction, the timing of this is one that deserves a lot of attention. we have seen a selloff in asia overnight. now here in europe we are seeing stocks trade lower and futures indicate that wall street is poised for a very weak open as well. this issue goes far beyond just one company. this is raising questions around tech and also of course what this means for u.s./china trade relations. and the timing of this is particularly alarming given just a few days ago after the g-20 summit we heard that beijing and washington came to a 90-day truce. now that we've seen the arrest of the cfo of the leading firm in china at the heart of the tech debate, we see that arrest in canada. it is driving a lot of concern around what this might mean in terms of this broader trade dispute between the u.s. and china. judging by the reaction today, investors are nervous. >> a lot of volatility out there. thank

a partial united states government shutdown the trade war with china are having a crushing effect on u.s. stocks the market has tumbled to at historic christmas eve low but despite the crash president donald trump isn't taking any of the blame gabriel is on the reports from new york. the closing bell couldn't ring fast enough on monday market selloff continued with the dow losing more than six hundred points and nearly three percent the worst christmas eve drop ever by far it continues to decline that's been going on for more than a month. until monday the worst drop on the day before christmas was one thousand nine hundred eighty five when it dropped half a percentage point markets hate uncertainty but now when wall street looks to washington there getting that plus unpredictability here is what has the markets worried a partial government shutdown that some are predicting could last into two thousand one thousand frets of increased terrorist back and forth between china and the u.s. trump has been looking to put the blame on the falling markets on the federal reserve and its chairman jerome powell who tr

united states. it's been another roller coaster day for the u.s. money markets dropping more than five hundred points the germans clawed his way back to finish up more than one percent the markets in europe showed full will reflect the global market volatility and best as worries of a global political uncertainty it's the general in show. of brazil's military intervention against crime in rio de janeiro brazil the operation is being a success the military marked its completion in a ceremonial though the intervention doesn't officially end until monday brazil deployed thousands of soldiers in february to combat an increase in violence targeting drug trafficking gangs in the city's poorest areas critics say the intervention has failed to address the root causes of crime such as unemployment and poverty but the government and the military say crime rates have dropped more militant islam is the only use we are together to solidly mark the end of the federal intervention in public security in rio de janeiro's this new one extraordinary measure took ten months of work

u.s. we'll make a ton of concessions without having the threat of something like tariffs that could damage their course ? >> i think the united states has leverage in using u.s. marketo try to get structural reform out of china in order to have real reform, we have to have enforceable commitments by china we're not going to resolve everything in the next 60 days but there can be substantial progress, there can an fran be a framework. >> the markets wanted a sense of everything is fine but the larger problems remain eye opening again all the spying stuff. dean, thank you very much for joining us >> thank you very much >> good to see you this morning. >>> today is christmas eve the north american aerospace defense command, norad, is tracking santa's arrival as we speak. for the latest let's welcome rear admiral james clark he joins us from norad operations center. thank you for being with us. i've been watching santa on your website it look like he's just about in samoa already 215,000 gifts have been delivered. nice to see even with the government shutdown you guys are still there. how did that get around the shutdown >> well, for today's special mission with santa,

united states on the table. captivating investors. whether it turns out to come to pass or even not, how it will affect the u.s. economy. come aequity marketst downward bias for the rest of the continent. the dax and the cac and the ibex. what about the sector picture? matt: a mixed picture although mostly to the down side. out of the 11 industry groups on europe 500, the index we are showing you here, it looks like eight are down and three are gaining with utilities not putting up much of a fight. real estate and materials are up. energy, health care, and consumer staples are all down. to the most part, a skew downside. i will be interested to see what your move screen shows about the rent. anna: here is the stoxx 600. this is what we have in terms of how many stocks moving to the upside and the downside. top, we did have some -- talking about selling their german business. a trade story. up by 2.4%. looking at the downside, danske bank down by 2.8%. also come keeping an eye on some of the other stocks we have been watching. deutsche bank. adidas only down by 0.6%. in the aftermath of the strong number from nike. something we are watching

u.s. and china obviously the president of the united states donald trump has started a trade war china retaliated and the markets seemed to relax a little bit after they kicked the two leaders met and said ok we're going to take ninety days we're going to figure this out we're going to start negotiating since and we've seen at the u.s. request canada a rest of the really high placed tech executive from china allegedly for violating sanctions and we've seen now this is going to create even more uncertainty it is having an impact the stock market right now is down by hundreds of points again it is now lost this december is been the worst for the u.s. stock market since the great depression so this has actual consequences and now this looks like it might just make that relationship that much more tense now i should point out the stock market not just down because of china but now president trump is threatening to shut down. much of the federal government if he doesn't get five billion dollars for his border wall which the congress says they're not going to give him so it's a couple of things but this isn't helping

year has been that the rest of the world slowed the united states is the starve the show ultimately what we have seen is the u.s. outperform other marketsthe world to put it in perspective a year ago, we were projecting low returns for the equity markets, given starting valuations. we're still at something like $30 trillion stock market and over 15 times multiple you had a market that's tread water through the year, while the consumer looks relatively good we're looking good in the united states the rest of the world, not so much no, we cannot decouple forever >> david, you look at the headlines out of d.c., investigations around the trump campaign, you have a new congress coming to work in january, are politics going to become a bigger driver of market action >> i think politics are going to be the driver of market action next year, given the outlook for earnings growth coming down from boomi booming levels the fact that fiscal stimulus will have run the course by next year the economics story expected to fade as we work through 2019 with that occurring, you can't ignore politics. i would say it is not just politics in the u.s., it is

expected to be extradited to the united states, scott shellady, scott, is it the executive, worries about trade relationship between the u.s. and china, what is it? >> well, markets say this. in the big picture, this is what happens when you get too many people on one side of the boat and the market is finishing him. near certainty of oil going 100 bucks a barrel or 400 bucks a barrel. so the market will go to where it can hurt the people. this is just the market teaching us a lesson, again, that nothing is for sure and that's why the market is doing what it's doing right now. i don't see any dark clouds. the newell's has been positive, consumer spend asking good and look what we have gotten from the last job's report. the market teaching us a lesson that nothing is for certain. lauren: what if wages go up significantly tomorrow, does that change the story? >> that will be sign of inflation. >> right. >> are wages going up recessionary. we are going up because things are good not bad. at the end of the day, this is a reaction to people getting too sure about what's going to happen in the future and you have seen what the bond prices have done. it's not that the u

market terror attack. it's good to have you with us tonight the pentagon in the united states says it has started the process of withdrawing u.s. troops from syria it comes on the orders of president the president today hinted at the move with a tweet claiming victory over so-called islamic state says that defeating isis was the only reason for the u.s. being in syria during his presidency the two thousand american troops in the country will start leaving as soon as possible we. state department officials will reportedly be out of the country within the next twenty four hours. or let's go now to washington and bring in our correspondent my its way to she's on the story for us tonight good evening to you my other me this is a sudden decision to begin withdrawing u.s. troops from syria it feels like a rushed decision why has it come mel. the timing is definitely questionable and seems to have caught even some of the top military brass off guard because just days ago or even last week we saw the joint chief of staff saying that it would be a naive to assume that the mission is accomplished in syria and talking about how there are