5 Burst results for "Leo Hood"
"leo hood" Discussed on Bloomberg Radio New York
"Good morning I'm Nathan Hager and I'm Karen Moscow global stocks are heading lower this morning we're coming up to six so one on Wall Street and we check the markets every fifteen minutes throughout the trading day on Bloomberg futures are that'll change right now the dachshund Germany's down two tenths percent CAC in Paris little changed let's see one hundred up a tenth of a percent DJ two twenty five in Japan gave a third of a percent of the hang sang in Hong Kong was down three tenths percent ten year treasury up three thirty seconds yield one point seven four percent yield on the two year one point five eight percent NYMEX crude oil that'll change down three cents at fifty seven ninety eight a barrel go make school these up a dollar up almost a tenth of a percent to fourteen sixty four eighty an ounce the euro one point one zero one seven against the dollar the yen one oh eight point eight nine seven okay then okay and we are getting signs of progress on US China trade talks but it doesn't seem to be moving the needle much for investors this morning Beijing says the two sides are reaching consensus on issues for a phase one deal with details as Bloomberg daybreak Asia anchor Brian Curtis Beijing says Robert light Heiser Stephen innovation and China's Leo hood discussed core concerns on a telephone call but no details given the global times said that terra for Movil and agricultural purchases may have been discussed he said there were still differences over how much terror of should be cut and the two sides agreed to stay in contact the U. S. T. R. confirmed the talks but gave no word in the contents now the two sides are still shouting at each other over various issues but the mini deal appears to be edging forward in all Kong brand Curtis Bloomberg daybreak brain thank you meanwhile the pro democracy election win in Hong Kong is not forcing concessions from the government in her first briefing since the results leader Carrie lam offered no compromise to protesters here she is speaking through an interpreter after these five or six months Hong Kong people have realized very clearly that Hong Kong can no longer tolerate this chaotic situation everybody wants to go back to their normal life and this requires the concerted efforts of every one of us well Carrie lam seeks to stem the violence without concessions were also learning she is unlikely to run for another term that's according to former US ambassador to China Max Baucus who spoke with David Westin on Bloomberg's balance of power I'm about two months ago and she looked at me and she says you know it stop serving two masters she had a tough spot I asked her to run for another term his own no no no I'm not gonna for another term I don't even want to continue this current term and you can catch more conversations like that on balance of power what David Westin weekdays at noon Wall Street time on Bloomberg radio and television the stocks in Hong Kong fell a third of a percent after those remarks from Carrie lam but elsewhere in Asia it was a mixed picture for risk assets Bloomberg's Juliette Sally joins us from Singapore with market morning Juliet good morning David and Karen the show you one game in the wake of the latest fine Cologne trade and its Goldman Sachs recommended buying the Chinese currency on a bit the U. S. will roll back some of its additional tariffs on China with specs as gain for the first time in five sessions in Sydney boosting the financial sector on the a a six two hundred as CEO Brian hearts a resigned in the wake of allegations the Linda committed the biggest violation of money laundering laws in Australian history the end fell for the fifth session while the K. two two five gained four tenths of one percent to twenty three thousand three hundred and seventy three points in Singapore Juliet Solly Bloomberg daybreak Juliet thank you back here in the U. S. your own palace striking out the tone of the economy the fed chairman spoke last night at an event in Providence Rhode Island of blueberries richer McCauley has details if you Ostrom Powell about the outlook on the US economy you'll head itself cost not just awful but it's more than how awful that was his message and regarding borrowing costs as well the central bank chief reiterated the message of the comet since the rate cut last month which is the current low rates will remain appropriate for as long as the date to match his expectations right now traders do not see the fed cutting rates again until June Bloomberg customers can access the data by typing W. I. R. P. go on their terminal on the corporate front shares of Ali Baba surged in their Hong Kong debut today the company raised about eleven billion dollars from the IPO which unfolded around violent protests in the city we get more from Bloomberg selfie Kamerun in on the trading floor in Hong Kong stocked up as much as eight percent is touching one eighty nine five fifty with turnover of more than eight billion Hong Kong dollars far outpacing ten cents which is down slightly on the day making Ali Baba the most actively traded stock analysts are bullish on the company there are fifty five calls to one hold and is rumored intelligence knows guys the share sale could help the company narrow its valuation gap to Amazon Ali Baba treating it twenty two times forward earnings compared to Amazon forty six times the end of the day Ali Baba shares finished up six and a half percent shares of Hewlett Packard enterprise fell four and a half percent in late trading the company reported sales that fell short of estimates to get the details now from Bloomberg Charlie Pellett it signals that corporate demand for data center hardware remains in a slump amid slowing economic growth and it marks the fourth consecutive quarter of year over year sales declines H. B. E. husband trying to increase sales by moving the server maker to a subscription business model by twenty twenty all H. P. E. hardware and software will be available as a service or via a pay per use model Charlie Pellett Bloomberg daybreak are Charlie thanks in coming up today we get earnings from H. P. the company that separated from H. P. E. about five years ago and merger speculation may overshadow quarterly results here with more is Bloomberg's Larry confiscate despite pockets of growth in gaming corporate laptops graphics and three D. printing sales growth in age P. may remain challenged according to Bloomberg intelligence the results come as H. P. faces an increasingly unfriendly takeover bid from Xerox as well as structural problems in its prince supplies business neither of which is likely to be resolved quickly or easily Larry coffee Bloomberg daybreak hi Larry thank you and futures again little change this morning and is straight ahead we have the latest world and national news this is Bloomberg all right thanks six of seven on.
"leo hood" Discussed on Bloomberg Radio New York
"Dose of the trade update between the US and China to do that we will come Michael McKee Bloomberg economics editor for Bloomberg television so Mike I guess the added wrinkle here is Hong Kong and and the congressional moved to kind of censure work kind of condemned what's going on in Hong Kong how do you think that plays in well it clearly is something that upsets the Chinese the reporting is that they have told the president not to sign the legislation Kevin's really has reported that the president is likely to sign it and then where do we go from there does that invite a retaliation from the Chinese in terms of the trade talks to they do they then you know break them off and say they're not going ahead or if they want to retaliate do they do it in some other area on related you look at what's happened with while way over the months and while a lot of people tend to conflate the two the two countries have pretty much kept them as separate issues at the moment one is not contingent on the other so the same thing could happen with Hong Kong we just don't know what are you looking for at this point to figure out heading into December fifteenth whether this phase one deal is ago same thing I've been looking at all along an announcement from China the phase one do you have okay and I say that because if the Chinese say it is that it probably will be if this administration says it is we've heard them say that many times it doesn't happen how much credence do you put in the headlines that say that the US is considering pushing back the December fifteenth terrorists to possibly March in order to allow a prolonged negotiation of a phase one well I mean there you're talking about the president again conceding defeat and not getting the agreement that he wanted so does he do that again it is a lot of moving pieces here along Congress being one of them if the Chinese were to make him angry in their reaction if he signs the legislation how how does he react to that we have seen him get angry and and just go ahead and impose tariffs he did that in August so it's really impossible to say who have watched these negotiations suggests that the the game theory is that the Chinese are going to be requesting that he do that in order to keep negotiating and that he would and that then the Chinese may decide to just they'll stop the clock and wait till the election and see what happens so we really don't know at this point the latest word out of China was encouraging in the tea leaf reading kind of a portion of what we do in that there was a report that Leo hood the chief Chinese negotiator invited members of the U. S. negotiating team over to Beijing to continue talks that said added wrinkle in the sense that you know that the fact that they have to have another high level meeting to get anywhere but the fact that he would invite them on the other hand could be seen as good news we're going to get some clarity on the congressional resolution I II it's going to get to the president's desk I'm understanding very shortly so what is the expectation is that this is a question of a number of days this is something that we act on before December fifteenth okay the the house basically decided to force the issue the Senate and the house both passed separate bills that accomplish the same thing that put US policy economic and trade policy towards Hong Kong on it on an annual review basis there was a minor language difficult differences between the two that would ordinarily go to conference committee but the house Nancy Pelosi decide we just do the Senate bill so the the the house passes the Senate bill then it's done legislatively and it goes to the White House and could go almost immediately and then the president will face a decision and he has a certain number of days but I I the I want to say something like fifteen days to decide whether he's going to sign a bill or not but I would assume that the political pressure will be such that you have to make a decision before that the issue being that both house is pass the legislation by unanimous consent and therefore there's a veto proof majority so he either signs it and angers the Chinese or vetoes it and angers members of Congress PS chase gets to choose my committee thank you so much for joining us Michael McKee Bloomberg international economics and policy correspondent giving us the latest on the US China trade negotiations on on again off again but they are they here to be moving forward and of course the probably the next the data point will be whether president trump signs this confessional resolution yeah well it though I mean I I think that people are basically saying is that the trade negotiations to Craig I'll get it out I promise it's almost Friday the trade negotiators that will try to put aside the Hong Kong issue and have so far and my question is when does that change what sort of the threshold is there the political appetite among both the Republicans and the Democrats to take a move that would push president trump toward a more politically sensitive even more politically sensitive issue right now people are saying this is largely symbolic and China is treating it as such yet sitting at right now I agree the negotiators probably are trying their very best to keep it on the two issue separate but a morning if president trump and president xi just can't help themselves and one of them will will make it you know kind of tie the two together either wittingly or unwittingly and I could fax it back to discussion so I want to see how this plays out but again it's over the next several days as Michael McKee was suggesting that this will have to be decision and then of course we come up to the December fifteenth terrace another decision for the U. S. right now it's down to one ninety nine one.
Higher China tariffs could cost Americans hundreds each year
"Good morning facing a threat of higher tariffs from the United States. Chinese trade delegation tries to make a deal this week there in Washington for two days of talks before those talks could begin President Trump's administration announced higher tariffs on Chinese imports. Take effect at the end of this week these taxes, which are largely paid by US firms and consumers that import the goods are meant to respond after China allegedly backed off some of the terms of a possible trade deal. What's going on here? NPR's? Rob Schmitz is in Shanghai. Rob good morning. Steve how did the Chinese delegation get into this situation? Yeah. I think it's a very complicated. And I don't envy, Leo hood Chinese lead negotiator. He sort of become the hapless mediator between two leaders who have both have lofty expectations from these trade talks on the Beijing side. It appears leader Xi Jinping was behind the refusal to commit or the backtracking on commitments. We're not sure which that anger the US. There are reports that she himself vetoed many sections of a draft agreement angering President Trump who then of course, took to Twitter to announce his retaliation. So Leo has a stressful trip ahead of him. He's going to have to explain to his American counterparts. What happened and what exactly Beijing is willing to commit to? And they're going to hash this out while the clock is ticking significant terrify that will likely have a big impact on global market. I want understand how much pressure China's actually under our chief economics. Correspondent Scott Horsely has noted for us that when these tariffs are charged. It's actually US consumers and businesses that pay most of the cost not China. But even with that being the case does China face negative. Effects from all these tariffs. Of course, it does. It's a global economy, and these effect all imports coming from China exports from the Chinese perspective and at the same time. China's economy has been slipping lately the auto industry has slipped twenty percent alone. So it's not great timing for Beijing. Okay. So they've got economic trouble. And even if Americans consumers pay the price, they might buy Chinese goods overtime. So how's all of this being described to the general public in China where there's not a free media? It's being described with a lot of caution China's government controls. The media Twitter's blocked and Beijing has been working hard to ensure the news of Trump's angry tweet threatening more tariffs were nowhere to be
US-China Trade Talks to Resume Despite Trump's Tariff Threat
"Good morning facing a threat of higher tariffs from the United States. Chinese trade delegation tries to make a deal this week there in Washington for two days of talks before those talks could begin President Trump's administration announced higher tariffs on Chinese imports. Take effect at the end of this week these taxes, which are largely paid by US firms and consumers that import the goods are meant to respond after China allegedly backed off some of the terms of a possible trade deal. What's going on here? NPR's rob Schmitz is in Shanghai either. Rob good morning, Steve how did the Chinese delegation get into this situation? Yeah. I think it's a very complicated. And I don't envy, Leo hood, China's leading Goshi eater. He's sort of become the hapless mediator between two leaders have both have lofty expectations from these trade talks on the Beijing side appears leader Xi Jinping was behind the refusal to commit or the backtracking on commitments. We're not sure which that anger the US. There are reports that she himself vetoed many sections of a draft agreement angering President Trump who then of course, took to Twitter to announce his retaliation. So Lille has a stressful trip ahead of him. He's going to have to explain to his American counterparts. What happened and what exactly Beijing is willing to commit to? And they're going to ask the while the clock is ticking significant terrified that will likely have a big impact on global market. I wanna understand how much pressure China's actually under our chief economics. Correspondent Scott Horsely has noted for us that when these tariffs are charged. It's actually US consumers and businesses that pay most of the cost not China. But even with that being the case does China face negative. Effects from all these tariffs. Of course, it does. It's a global economy, and these effect all imports coming from China exports from the Chinese perspective and at the same time. China's economy has been slipping lately the auto industry has slipped twenty percent alone. So it's not great timing for Beijing. Okay. So they've got economic trouble. And even if Americans consumers pay the price, they might buy Chinese goods overtime. So how all of this being described the general public in China where there's not a free media. It's being described it with a lot of caution China's government controls the media Twitter's blocked and Beijing has been working hard to ensure the news of Trump's angry tweets threatening more tariffs were nowhere to be seen this week. And social media sites were deleting any mention of them, I went downstairs from the NPR bureau today to talk to people on the street to try and get a sense of what they knew about the negotiations. Most people I spoke to answer my questions like this gentleman. He's a Forty-five year old, man. His name is Joe, Jim. I
US, China extend trade talks as Trump and Xi express optimism
"The president met in the Oval Office today with Leo hood, the Chinese vice premier as a to high level delegations came together after a series of days here in Washington of negotiations at lower levels among the staff, the Chinese delegation announcing they're prepared to stay another couple of days here in Washington DC to contain. To hammer out. Some of the details all of the rhetoric in the meeting today was positive about the chances for a deal between the United States and China before that March first deadline to raise tariffs. Here's how the president sort of handicap the chances. I would say that it's more likely that a deal will happen. The fact that they're staying and this very high delegation misses a a man who is revered all throughout China and the vice premier so the fact that they're willing to stay for a quite a bit longer period. Doubling up the time that means something I think there's a good chance that it happens. So the president saying he thinks there's a good chance that the deal could come together. There was a strange moment though in the Oval Office when the president and his top trade negotiator. Robert lighthizer appeared to disagree about the need for a memorandum of understanding in this deal. The president sort of expressing his disdain for memorandum of understanding in general lighthizer pushing back on that disagreeing with the president. And then ultimately capitulating and saying we were we will not call anything. A memorandum of understanding again going forwards the president getting his way in negotiation with his own trade negotiator there in the Oval Office. And I think he wanted to call a term sheet as they would like in a real estate transaction aim. And so I thought I thought that was very tally in terms of what the president's context is in in making a deal so to speak commercial real estate background. That's his prison that exactly but aim in terms of secretary relations comments on making some progress about currency manipulation on the part of China to have any understanding as to what that might entail. We're gonna have to do a little bit more reporting to find out what the specifics are under that. But ultimately, I think the way to take all of this is this is a lot of positive rhetoric. Everybody is signaling that progress is being made everybody is signaling that we're getting closer to a deal. But you know, as they say in these negotiations, nothing is agreed to until everything is agreed to and that sort of where they are. Ultimately, it seems that the president really wants to put the final link on this deal. Whether it's a member of remember end of understanding, or whatever it is in the end he wants to do that face to face with Xi Jinping. And that could happen at mar-a-lago in March the president said today. All right. Amen. Thank you have a great weekend. Avon? Averse from the White House,