Geely and Foxconn create alliance to manufacture vehicles for other automakers


Five things to know to start your day

(Bloomberg) – Impeachment Vote, Bond Purchase Reduction Possible, Financial Crisis Warning Second Indictment The House of Representatives will begin debating President Donald Trump’s impeachment for the second time, shortly after 9 a.m. ET this morning, and the vote is likely to conclude before 5 p.m. While Trump will become the first US president to be impeached twice, it is still unclear what will happen to the Senate, while it is highly unlikely. a sentence be reached before President-elect Joe Biden takes office. The president continues to show no remorse for the events of the past week, saying yesterday that his comments to his supporters were “totally appropriate.” Cuts Down Some Federal Reserve officials have said they see the possibility of a strong economic rebound, driven by new fiscal support measures and the number of vaccinations, which would set the stage for discussing a reduction in bond purchases before the end of the year. While others, such as St. Louis Fed Chairman James Bullard, suggested that a “wait-and-see” approach was more prudent, the specter of a repeat of the 2013 taper tantrum means that Investors stay tuned as yields continue to climb. There is less uncertainty in the eurozone, and the president of the European Central Bank, Christine Lagarde, said this morning that continued monetary and fiscal support will be necessary for the region’s economy. Inflation Speaking of the bond market, it is unlikely that the data from inflation that will be known today have a great effect on the market. Headline inflation is expected to have risen to 1.3% in December and the core reading to remain at 1.6%. The data will be released at 8:30 am The World Bank’s chief economist, Carmen Reinhart, issued a warning to those expecting a speedy recovery, saying the pandemic could cause balance sheet problems, triggering a financial crisis. Governments around the world are implementing even more restrictions to slow the spread of the virus. The number of deaths from covid-19 in the US rose yesterday to a record 4,610. Quiet markets Global stocks again show little movement this morning, while the outlook for the next round of US stimulus will be clearer. after the end of the Trump presidency. The MSCI Asia-Pacific Index added 0.5%, while Japan’s Topix Index closed 0.3% higher. In Europe, the Stoxx 600 index was little changed at 5:50 a.m. S&P 500 futures pointed to open slightly lower, 10-year Treasury yield was 1.12%, oil was higher and gold remained unchanged. Also today … For investors seeking guidance on Fed policy, comments from five officials and the publication of the Beige Book at 2:00 pm will be known during the day. The Energy Information Administration (EIA) will deliver its report on US oil inventories at 10:30 am, while at 2:00 pm the account statement will be released. December budget. CES continues and IHS Markit Ltd. will report its financial results. Original Note: Five Things You Need to Know to Start Your DayFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source. © 2021 Bloomberg LP

Andy Samberg, Andy Siara, Raphael Bob-Waksberg, Noah Hawley and Ben Stiller Team Up for Apple – Latest News, Breaking News, Top News Headlines

Enclosure of electric scooters in the pedestrian areas of Barcelona