juliette: this is bloomberg. ♪ ♪ juliette: this is "bloomberg best." i am juliette saly. we're looking back at 2019 in business, finance and politics in asia, through the years best interviews. leaders in finance from around the world had plenty to say about asian economy and markets this year. let's start with jamie dimon, who spoke exclusively with stephen engle in may at the j.p. morgan global china summit. he explained why investors were hanging on every twist and turn in trade negotiations. ♪ >> we are not just afraid of the direct effect, the reversal of global trade. it can slow down global growth, a lot of economies around the and her a lot of economies around the world. >> it could. i mean, the imf is already projecting global growth to be at the rate of the global financial crisis and that is with a china deal. do you think it would be worse than that? >> i think the world economy is actually doing ok. china is growing at 6.5%. that is $1 trillion of growth. america is growing almost 3%. that is half $1 trillion of growth. yes, growth has slowed down, but it i

. ♪ juliette: welcome back. i am juliette saly. this is a special edition of "bloomberg best", wrapping up to 19 in asia by playing back the. years top interviews our guests spoke to bloomberg about their trade top strategies. let's begin with indian -- indonesian president joko widodo. the man known as jokowi told the bloomberg editor-in-chief he plans to use his second term in office to introduce a wide range of reforms. >> we compete against other countries in attracting investment to create jobs. complaints to investors on labor law or owes expressed to me, especially from the labor-intensive sector. they also expressed a need to solidify licensing. we will work on these two as soon as possible. i will discuss with the labor unions how to revise the labor laws without causing a loss to workers. industry can expand foreign investors can, invest, and help create jobs, so indonesian children can work in available sectors. >> is that your priority? review introduced the lobby for the end of this year? >> yes. , but iy is labor law

juliette: let's talk about korea. we are getting some news on the terminal that korea has cut at 29 from 2.9% to 2.4%. there's also a little bit coming back from the chip sector. what are you expecting? >> they will stay on the sidelines for now because for policy rates, it is at a low. i think the bar for easing will be higher. that's not to say they want to do anything, but if growth firmer, growth and momentum will be as we expect supported by a global turnaround in the tech sector, that will be less in -- impetus for the bank of korea to pay. also it will be a positive fiscal impulse for 2020, which should reduce the pressure. often say that the korean economy waxes and wanes with the global economy. it is seen as a bellwether. the economy at the moment is settled with a lot of household that here. it could be one of the other reasons we are seeing weakness. what is your view on that? >> i think that's a fair because it is such economy, theented market and employment in the manufacture of sectors has been pretty w

juliette: dr. shaun roache, chief economist, apac, s&p global ratings singapore stays with me here in singapore. iron ore is on a tear on optimism china will keep demand going. we will discuss a wild year. rishaad: global markets in a holding pattern ahead of crucial central-bank meetings, and the weighs evenine further. this is bloomberg. ♪ rishaad: we are watching a couple of big events this week. the tariff deadline december 15. chart that shows us how it is unlikely we see december as a month for the federal reserve becomes more dovish. will they stay dovish through 2020, and are there any asset which are looking at another rate cut in 2020? we think the fed set the hurdle quite high for changing in either direction. a seam neutral and data dependent. based on our forecasts, we expect growth to go to 1.9% next year, close to trend and inflation will get close to the target level. the u.s. economy is in a good place and there does not seem motivational need for the u.s. to do much. get much wo

juliette: good morning. we are seeing a third session of gains in asia to kickstart the trading week, a cautious turn in markets because we are reacting to the data out of china over the weekend were you saw exports dropped 1.1% and down 23% to the u.s., the worst results to the united states since february. you can see pressure there. hong kong markets are flat. we had protests over the weekend but it's not showing too much action in the city. to, as tracy was alluding goldman sachs has come through saying the nikkei has been diversifying into gold, as strong as ever, citing fear driven demand and saying investor should diversify long-term bond holdings with gold. tracy? tracy: and we also have the indian markets, which have opened up. what's the story there? line're not exactly in because we are looking at weakness. there are concerns. we have started selling into markets after there was concerning and challenging economic variables coming through. the other aspect is a lot of brokerages are looking at the

juliette: absolutely. may be champagne instead of the turkey, because we saw some pretty good numbers coming through in terms of trade figures for december, showing monthly exports could decline less than double digits for the first time since may, offering this other sign that the global manufacturing slump could be reaching a bottom. we saw exports during the first 20 days of the month down 2% from one year earlier and shipments to china rising five .3% so they are on course to post the first monthly gain in more than a year. positive signs coming through out of south korea, perhaps going to see a bit of a bottoming in this sector, which has been very much focused in terms of the trade war, manus. manus: juliette, thank you. let's bring it across to you. there are concerns that a company that operates the indigo airline, what is the latest newsline? what is going on? has stepped up its scrutiny against those lines and those aircraft, which use the airbus. a320 meer jet engines. a320he airbus 83 engines.

juliette? juliette: still with us is our -- alongia cio and with pretty much everyone else you are not expecting any change but what do you think in 2020? even bank of america saying perhaps when you look at the dot plot, there could be a surprise hike. david: we don't believe that any hike is in the plan next year. on the country we expect further cuts next year. we expect some deceleration in the u.s. economy. we are more bearish in that sense. we are expecting gdp growth to decelerate in the u.s. a tightening affect from the fed. softening interest rates has not played out yet in full. finally some of the trade tensions are hurting the u.s. economy in the first half next year. juliette: and what about the consumer, because that has been the one part that is been holding up well. ther edoes look like there could be a few roadblocks. thed: it will catch up with consumer to a certain point. so it is all disconnected, actually should lead us to see a bit of weakness in the u.s. dollar. that's a

juliette: it is juliette in singapore. what is the importance in singapore in these cross-border listings in hong kong and what you are seeing regionally in southeast asia? there are more than 10 singapore companies going public in hong kong this year. they love to go to singapore and different markets in asia seem to have their roles and their specialties, like in taiwan. for example, it is important for the singapore company to have more places to go public. juliette: what do singapore need to do about relaxing rules in order to become as attractive for companies to want to list here? i think right now, singapore is more aggressive compared to hong kong, because some companies related to the cryptocurrency, they will be able to have some part of the business that can be listed in singapore. the sovereign fund plays a role for singapore to help the company to pick up singapore as their market. there will be high -- candidates will look for high liquidity bond market for them to be listed. juliette: i'm looking at some of

juliette: i have a chart on my terminal. the fact that both currencies are below the seven level, is that a positive sign from china in terms of there being willing to meet the u.s.? >> what we are seeing in the currency market, markets screaming for relief. it is not the chinese side trying to strengthen the currency here as part of the agreement. taking a been hands-off approach in terms of currency management. that is how they will continue to play it in 2020. i have a sense of $200 billion more goods being bought by china, is there any currency implication from that? it's an awful lot of money. >> it is an awful lot of money. there will be an implication in the sense that, for china, that requires ongoing demand for u.s. dollars to fulfill those purchases. that is part of the reason why i still believe that the yuan will weaken modestly over 2020. we have these phase one deals. also, we will see quite a lot of trade distortion and i version. -- divergent. perhaps trade will be rerouted through hong kong. there will be a

nejra: juliette -- juliette: that has just come through. nejra: we will come back to you in a moment. thank you. india has a central bank unexpectedly holding its key very at 5.1 5%, so that is surprising news, as we say putting much all economists predicted a sixth straight rate cut. cutting meanwhile, full year gdp forecast to 5% from 6.1%. that is a less surprising bit of news from the r.b.i. that it is cutting its forecast. very surprising that it is unexpectedly holding that key rate. indexessensex and nifty erasing gains. you can follow everything on the tliv blog. juliette, the immediate market reaction. are we seeing it elsewhere? in the bond markets as well? we sawe: yes, certainly, that reversal as you were speaking. we do have our indexes tracking lower. a were holding near record highs. this is a surprise to the market with india keeping their key rate on hold at 5.15%. we are seeing indexes move lower, having a look at the rupee. it is not moving all that much. if we can have a quick look at bonds, we have been seeing most of t

juliette: that's right. it has cut its growth forecast for the year end and march 2020 and the following year. what we have seen is a downgrade for two of the biggest economies in the region, china and india. they now see china's economy expanding 6.1% this year and 5.8% in 2020. they have downgraded forecast for india to 5.1% for the year and the following year should 7.2%.5% growth down from the trade war will weigh on china's overall economy. what they are seeing in india is that consumption story and credit crunch. and little bit of i guess more bad news coming through for growth forecast for developing asia. manus: thank you very much. i misspoke. it was 35.2. don't ever forget about the .2 versus the ipo prices. dani burger, good to see you. we are a bit nervous, aren't we? dani: a bit nervous might be an understatement. it seems that investors are just snapping up anything that can give them protection from pound puts, to volatility in the s&p 500. the s&p 500 realized volatility is just not there. i

nejra: juliette saly in singapore. get on that champagne. our guests are with us, not tricking champagne yet. we've got risk assets rally. but let's not forget what we heard the past 24 hours is already priced. should we be fading this wisconn valley at this point -- this risk on rally at this point? but there are reasons to wait and see whether this has followthrough momentum. there's a lot of leading indicators and data that looks at where things may be heading that has already turned sour over recent weeks and months because these concerns suddenly seem to be lifted. will this alleviation of risks of being followed by an upswing, and that's where you need to see growth rates react seller a and get onto firm footing -- re-accelerated and get onto firm footing? person is naturally cautious about this things. it's worth a little bit of caution at this point. nejra: when would you exercise caution? >> you want to write high for a little bit. it's been a difficult year for many. it.think you want to milk you have another week or so before year

juliette, here's what he says on ukraine. he says, while attempting to argue that despite what has been written, i have no business interest in ukraine. he told me about his business interests in ukraine. i've done two business deals in ukraine, he says. i've sought four or five others, he said. since he's been representing the president, he said, he has been approached with two opportunities in ukraine, both of which he turned down to avoid accusations of impropriety. we've seen this before. he denies something, then he admits it virtually in the very same sentence, juliette. >> that's exactly right. it's a remarkable piece because of what giuliani discloses right here, which is he is being approached by ukrainians because they know that he represents the president of the united states. so that is why his presence in ukraine is so sort of difficult to comprehend at this stage. he's being played, and you didn't realize he's being played. he thinks he's going to make lots of money, that he's going to have these contacts, that

juliette saly has the details in singapore. juliette: i'm honored to present this. assets,year for risk coming off that low in 2018 when we saw all the risk assets reverse gains for the year in the fourth quarter, an 11% drop on the ms all world index. 24%, then up almost best year for global stocks since 2009, with a gain of around 30%. a number of the indexes have been trading at records, despite the u.s.-china trade war, a a lot of uncertainty, brexit, protests around the world. apple, best performer on the dow, amd the best performer on the s&p 500. the best stock of the decade? a new zealand dairy company, a2 milk. that's something to raise a glass to. nejra: you had to keep it antipodean. [laughter] thank you so much. alan higgins is still with us. you said you like the treasuries. when it comes to global equities, we had a conversation a year ago when you said equities could do well in 2019. guess what, they did. are we too optimistic for 2020? alan: for the start of the year, you are probably fine. at some stage, the markets are way ahead of the economy righ

the ceo spoke exclusively with bloomberg's juliette saly. samuel: actually, the amount of capital and wealth flow into singapore from hong kong is not noticeable yet. there are inquiries, there are interests, but we don't see any significant, noticeable flow from hong kong into singapore at this stage. juliette: so you are not seeing any major shift in client investment in terms of inquiries coming from hong kong? correct. i don't see any major inflows. there are interests, there are inquiries. juliette: what kind of contingency plans does the bank have in place should the situation in hong kong escalate? samuel: in terms of hong kong, we do commercial banking interests. we do some treasury business. in terms of the hong kong domestic business, we are pretty well contained in terms of liquidity and things like that , so we are not that worried. in terms of future outlook, i think hong kong's domestic investment will take a few years for them to come back to the previous level. the most important thing is we rely quite a bit on the flow busin

. >> reporter: i'm juliette goodrich in pleasant hill. they call these in-law units, and soon the bay area could see a backyard housing boom. >> >. no more space around the chase center? think again. the proposals for more development in the mission bay neighborhood. >> and changes coming to bart. how much more you'll have to pay for a ticket come january 1st. >> hope you enjoyed a rain-free day. there's one more coming tomorrow. and the rain is coming back. we'll talk about the timing on that for wednesday and i hate to say it, next weekend, forecast coming right up. >> don't forget we're streaming now on cbsn bay area. find us on cbs.com, the cbs news app or your favorite platform. >>> they used to call them granny unit, but they could be the answer to the state's housing crunch. the governor has approved them. now 2 east bay communities want to fast track them. kpix 5's juliette goodrich is in pleasant hill where they're talking about it right now. >> reporter: that's right, the pleasant hill city council will be talking about it, and

juliette saly there. let's go to the markets and bring in our specialist. of --llion dollar valuation, how do saudi aramco compared to its peers around the world? butt's interesting to see, the comparison between aramco and other major oil producers globally. that valuation you just mentioned has been out there for a while. now the company is actually worth that price. we look at some of the numbers brought by our bloomberg intelligence analysts. price, theat at this company is actually providing 4%. than toto ander bp, which all are around 6%. if you look at the estimating price for next year, aramco is treating close to 18 times, which is way above their peers in the european market and close to those mostly in the american energy market. all of this is very important to remember that aramco is trading at such premiums because the company does have a much higher expected income for years to come. it is incomparable when you look at the other companies. if investors, especially foreign investors, are willing to pay the price to have this guarantee nd.er ha

that evening, i am ken bastida. >> i am juliette goodrich in for andrea. live in pinole for the disturbing spike in head-on crashes. andrea? >> reporter: well, julia, this couple was parents to six children. more grandchildren and great- grandchildren and that. tonight, their family is trying to figure out how to move on without them. in front of the family home in vallejo, the sons and daughters of tyra and frederick chapelle mourn and unbearable loss. it was just before midnight when the man driving the wrong way on the austrian way off ramp in east on interstate 80 hit the couple head-on. talk to my little brother lost both his parents. >> reporter: tyra and mike as he was known to family and friends were headed home after leaving uscf benioff children's hospital oakland after visiting their 10-year-old son marcos, hospitalized and recovering from a severe asthma attack. >> i was in shock earlier, but you know, this is still kind of one of those things you can't believe that it had happened spilt >> reporter: officers have been following the suv that hi

juliette goodrich, kpix 5. >>> those hoping to buy an electric vehicle will have to take a little bit deeper into the pockets. >> andria borba is live with his new changes. >> to a certain extent this program became a victim of its own success, it was simply too popular. the funds kept running at every single year to offer rebates on those electric cars and now the rules are changing. >> i love it and i will drive gas again. w for electric car buyers the 12 punch of new tricks at the gas pump and the rebate from the of california lord them to ditch fossil fuels. >> it was a consideration. >> not anymore. as of tuesday, this last electric vehicle rebates for any electric over $60,000. and lowered the rebate on non- high-end ev's from $2500 to 2000. >> obviously, we will sell fewer cars. >> reporter: part of the problem was the number of people who applied for ev rebates. draining the budget of the program every year, leading to weightless waitlists for the cashback., the san francisco simile member authored legislations, that would have tripled the rebate on electric vehicles and hybri

juliette goodrich reports. >> reporter: time for a shot. a flu shot that is. the california department of public health says the winter flu season is off to its earliest start in 15 years. just ask this dad if you can catch him. >> my kid is home sick and throwing up, i have to go. >> reporter: actually it's here. >> go get the flu shot now before it's too late because we're already in flu season. >> reporter: liz delong is a physician's assistant and says don't wait. the flu season has hit earlier than usual, and the shot protects you and those around you from getting sick. and if you are exposed to the virus, you'll likely have a few days of symptoms and less severe. why do people wait? >> a lot of people think it's not going impact them. other people believe that the vaccine actually gets them sick which is absolutely not true. >> reporter: not to put you on the spot, but have you gotten your flu shot? >> no. >> reporter: i hadn't either, so i got one tonight at the instant urgent care. >> all right, and that's really it. >> reporter: besides getting vaccin

you were quite taken with your juliette? >> yeah. >> stephen: and what became of that relationship? >> we're married 25 years next week. ( applause ) >> stephen: wow. did you-- very happy for you. >> thank you. >> stephen: very happy. i love hearing about a long-term marriage like that. did-- is-- i don't know why, it seems leak a dangerous thing to marry a juliette for some reason. >> it was. >> stephen: that story does not end well. >> i fell for her the minute she walked through the door. she was late for the read-through and i hadn't met her and she had been in a secondhand bookstore, and the books were falling. and i felt like there was an attraction there and i felt it would be a dangerous thing to get involved with juliette and it would go wrong and we had a seven-month tour of the play to do, and two lovers maybe not getting along. >> stephen: exactly, might stab each other. >> but eventually, about halfway throughout tour, in belfast, we began a relationship. >> stephen: oh, wow. i'll leave it there. i'll leave it there because it's a family show. when you were coming up as

juliette saly is in singapore. manus: certainly the latest trade news weighing into market sentiment in asia. and wef once again ignored the positive movement coming to her yesterday, wiping that away today. 2%, the worstn day in two months for australian stocks. they had been trading. with a record. hong kong, holding up ok because of carrie lam pledging fresh measures for the city after terrible retail sales yesterday. the nikkei, closing weaker. a pickup in yields on the 10 year following the global bond selloff. for the 10 auction year in japan since august 16. rba left rateshe on hold at .75%. we had a hawkish commentary coming through from the governor saying global risks have les sened and interest rate cuts are having impact. a 50% chance on the bloomberg we see another rate cut from the rba when they need february of next year. you've also got the gdp number to look at tomorrow, and we are expecting a slight pickup in the third quarter to 1.7% growth year on year. manus: juliette saly in singapore. let's t

juliette goodrh repo >>orr: time for a shot. a flu shot that is. the california department of public health says the winter flu season is off to its earliest start in 15 years. just ask this dad if you can catch him. >> my kid is home sick and throwing up, i have to go. >> reporter: actually it's here. >> go get the flu shot now before it's too late because we're already in flu season. >> reporter: liz delong is a physician's assistant and says don't wait. the flu season has hit earlier than usual, and the shot protects you and those around you from getting sick. and if you are exposed to the virus, you'll likely have a few days of symptoms and less severe. why do people wait? >> a lot of people think it's not going to impact them. other people believe that the vaccine actually gets them sick which is absolutely not true. >> reporter: not to put you on your flu shot? >> no. >> reporter: i hadn't either, so i got one tonight at the instant urgent care. reporter: vaccines, you can also take other simple steps. stay away from people who are sick, wash

he shared his story with juliette goodrich, she is live in san leandro. >> reporter: that popular app is called let go, a lot of people use it. the only problem is this gentleman brought his car here to the denny's parking lot, thinking the sale would be safe. the person who showed up got in the car and drove off. >> i am pretty frustrated by it, life goes on, it could've been a lot worse. >> reporter: with eric when on the letgo app to sell his 2003 black mercedes-benz e3 20 , he never dreamed he would end up with a stolen car and broken hand. >> you know we are talking and you could see the conversation as we are going through. >> reporter: the two agreed to meet in the denny's parking lot in san leandro, 8 p.m. monday night. eric actually picked the location. >> reporter: any sign that this may be a little off track? >> it didn't really, it seemed like a normal conversation. asking about the car itself and finding a time to meet up. >> reporter: but when they met up things took a certain turn, a wrong turn. >> he helped into the driver side, i went to the passenger side, next thing

our partner in dubai, and her very own juliette saly in singapore. the central bank, meeting this the amid signs of a thaw in global trade tensions, and a launch of a stimulus package. in europe, the european central bank. jp morgan says negative rates are still bolstering the economy. they however cannot do magic. a call for more reflection than action. i think it is interesting that jp morgan's view is that negative rates are still doing good work but they are not a panacea. we are in the land of negative rates. want to beview, you long swaps and long breakevens in italy. are you a believer in the re-patient -- in the repatriation trade in europe, back to the 2% level? the long u.s. breakeven is definitely a consequence of the extreme risk currency receding. later, the u.s. dollar will probably bring a bit more inflation into the u.s. system. -- the u.s. in the background of which will continue. in the european landscape, the thatoutlook, in the sense they new ecb leader is extremely clear that she will continue to be dovish, continue to provide th

. >> quick, final thought, juliette? >> there is a political meaning to terrorism and this is why the united states is being i think cautious. we'll wait for the fbi to come up with the legal definition which is saudi arabia is not a -- agnostic to sending terrorists to the united states as we know from 9/11. i think the caution you're hearing now is simply can we prove the case? because to call him a terrorist without that evidentiary -- even if it seems obvious now -- background is a political statement and we know this is also a political case. it is interesting that the king called donald trump and not the crown prince. this is how high this has gotten in saudi arabia. they want to protect this program. they want their service members to be able to come here so they are going to do everything to make sure they depoliticize it especially in light of the khashoggi killing which they were responsible for in terms of the politics of what that has meant with our relationship with saudi arabia. >> all right. thank you, lad

now over to singapore for a check on the markets with juliette saly. it is the second last trading day of the year. you are seeing the msci asia-pacific index try to hold onto those 18 month highs. things looking positive in the afternoon session and they were earlier today. 10 is market up by 1.2%. we were talking about that change to the very complicated talk in terms of interest rates from the pboc. japan and japanese market is lower by 6/10 of 1%. you have a stronger yen. we are about to the japanese markets go on holiday until next monday. bear in mind that we have had a very strong session for japanese equities over the course of the year. the best since 2017. market is up 30% on the year. hong kong market up 6/10 of 1%, despite the fact that we heard that the finance equity -- secretary has all ready indicated that weakening growth in hong kong is likely to continue. one of the top performers in the meantime in the region is the hong kong listed property stock. you have not been picking up new real estate again, have you? juliette: i don't think

juliette saly is in singapore. annmarie hordern in london. let's kick it off with juliette. we are seeing softness and asian equities. no big move today. juliette: a little bit of, coming to hong kong today. i want to look at implied volatility. this has been really interesting. not only is the gauge on the hong kong index back to levels we haven't seen since july when the protester to wrap up, it as at level since we haven't seen in 2018. we have seen this gauge of volatility, down 11% this week. investors have been shunning hong kong shares. the outlook has been dimmed. toestors don't really need hedge as much against further swings. a drop in volatility as carrie lam says the worst of the protests could be over. nejra: thank you. it might be quiet and asian equity markets. the roche, what a move in indian bonds. >> yeah. good morning. that thery big amount bank of and yet has announced. the long-term yields which have been stubbornly high because of concerns around to fit have come off in the session. the only piece i would want to add is that most experts we spoke to wil

juliette parkin reports. decades of dirty racing. from ben jonson's use of a band steroid to claim 0lympic victory to cyclists lance armstrong's exposure for career long blood doping. even high—profile coaches have been found guilty of violations. it is going through its biggest crisis in modern history. that has been going through this crisis for over a decade plus. up this crisis for over a decade plus. up until recently with no signs that actually we are going to deal with these issues. but, in your weapon has entered the war on sheets, thanks to scientists in eastbourne. —— a new weapon. research has shown that performance enhancing drugs, such as those used to this the production of oxygen—carrying red cells, can change the genetic activity in an athlete's body for the we can see the impact of those drugs well after the drug has gone for that is the power of this new paradigms the current taste actually works if you actually test them on the day or days that they have taken the day or days that they have taken the drug.

juliette goodrich "kpix 5". >>> a man accused of sexually assaulting a woman. 38-year-old roberto moran: . an agent spotted the woman and called police. officers are trying to determine whether the suspect and victim knew each other. >>> three men suspected about smash and grab back in august at the great mall. moments before entering the jewelry store they robbed a nearby home depot. a photo shows them in that store and getting into a car. the three men broke display cases and stole thousands of dollars of jewelry and watches. an antioch barber barber says he's doing much better after he was run over by a disgruntled partner rather customer. he sent us photos from his hospital bed and chose the brakes in his leg and the new screws holding his bones together. 28 euro ruby delgadillo running him all rather over him. she was upset after a scratch on her young psalms next after haircut. she is still at large. >>> shooting and enable base in florida as a possible terrorist . the student killed three people and wounded eight. naomi welcome has more. >> we have multiple patients at the front

james gagliano is here and juliette cayenne. terrible story. the fbi has algts working on this. in the u.s. and saudi arabia as well. what are they doing to determine whether this is terror related? >> i was i watched the press conference earlier this evening. i was struck by a couple things. i know the special agent in charge of the office. that is covering this. to see her -- >> she gave the press conference. very emotional. >> visibly distraught. i imagine being in the crime scene and seeing the carnage this morning. visibly affected her. i was struck by really the close hold information the fbi is holding on couple things. not willing to release the name yet. the name is out in the public sphere. the second piece is they are not willing to declare this terror yet. the fbi is always cautious in these instances. you assume terror in this. and work backwards. before you make a declarative statement it has to meet the threshold. it has to be act of violence or sp intimidation in a political goal. >> the biggest question you have about the shooting. >> exactly where he is. motiva

juliette: absolutely, nera. we have seen the offshore yuan rise quite sharply today but a little bit of weakness in the onshore and i am looking at implied volatility suggesting traders to remain a little bit cautious over this phase one trade deal. you can see the options implied one year volatility, remaining above the levels we saw in april and july when the market saw the deal as more imminent. options implied one year volatility on friday at 5.05% while it was at 4.5% in april and july. as our bloomberg opinion columnist puts it, the fact that onshore and offshore currencies are back below seven to the dollar is a clear sign of peace from china and exactly what the americans want to see as negotiations move towards phase two. manus, nera. -- nejra. manus: good to see you. the trade deal phase one is in place. details, we await to see. china, $50 billion worth of farm products. some would say a little bit of a tall order. what have the chinese to say? >> not whole part of the deal we don't know yet, the devi

good evening i'm juliette goodrich. >> live look now. where the weather cooperated the people who were trying to wrap up their christmas shopping. but the clouds have been building throughout the day. just a look from our exclusive sales force cameras at the leading edge of the next weather system moving in. will get over to darren peck who is checking high definition doppler. >> these shows sitting off the coast the appetizer not the main event is coming later tonight but there are some light showers of the peninsula. in fact some of the across highway 37 up across the top of san pablo bay and then reaching down towards richmond. the rain sitting off the coast right now, the peninsula, most of that will get taken by the hills. doubtful we will see much of that get over into south bay. we had some showers get down there. let me show you why. it is later tonight, around 10:00. we follow the high definition doppler sweeps that is the main storm. we will put that into futurecast and bring that line of showers back home. by the time we get t

. >> and i'm juliette goodrich. we start with that huge deal just approved by the alameda county supervisors. kpix 5's andria borba is live with all the details. >> reporter: it starts with a $5 million deposit, the total deal worth 85 million for half of the coliseum site. >> congratulations to the great city of oakland. >> reporter: the unanimous vote to sell alameda county's portion of the site came after hours of public comment. >> and we're looking forward to getting out of the sports business and keeping the oakland a's in the city of oakland. >> reporter: while the county gets $85 million for the deal, neighbors in east oakland want to make sure the sell of the land for the a's to develop doesn't hit warp speed or gentrification. >> we no longer can survive and afford to live in the neighborhood where there is not a community benefit in a real way. >> reporter: while all those that spoke up were in favor of the sale, they also wanted to make sure displacement of the community was addressed. >> this is an oppo

. >> juliette, that's a farce. it's not true. you can take the -- what? the 71 documents they refuse to provide to congress which they requested in the impeachment hearings and stephanie grisham, she's been in her job for fine months and hasn't held a single press conference. this is transparency? >> i felt like after that clip, say it again, say it again, maybe i'll believe you. just given everything that joe, david and i have said, we have to believe that this is actually what they wanted, right? of course, they don't want transparency. of course, they don't want to effectuate approximately see. of cour and effectuate policy. if not to effectuate the national security policy of this country. they're about something different. donald trump has for three-plus years now turned our national security and foreign policy into both a transactional and personal, right? transactional about him and about potentially his financial dealings and personal, right? do you like me or do you not like me? who care, right? you're running the united states and the government

juliette saly standing by. >> this chart really shows in all. an uptick inting overall exporting. instead, they declined significantly when you look at exports to the u.s., down 23% in november. the worst read since february when they were down 29%. since march it has been steady decline overall, down for a 12 month and a row. itth for month, tit-for-tat, is really starting to impact both economies. if we see tariffs come into effect, that is going to put further pressure on china's economy and make things more pricey for the u.s. consumer as well. if there is one chart to watch today, it is this one so you can deal off the this ground ahead of looming tariffs expected on december 16. nejra: thank you so much. showed,s juliet just imports from the u.s. gain for the first time since august 2018. is this likely to put more pressure on china to want to deal? >> the pressure is there. it is not unexpected. the tariff impact on trade has been evident for some time. we already seen the impact of weaker euro area and japanese growth as well. china, they have taken alternative measures to

juliette: i certainly do have that. the first time we have seen it happen since march. very exciting in the bond market in japan. due to waning demand of safe havens amid this likelihood we will see a phase i one u.s.-china trade deal, also the slashing.so the boj we saw the yield at -0.3% and that raised questions as to whether the central bank had to tweet their policy tools. we had another federate cut. growth.had annualized nomura saying this climbing yields may not last because we may start to see investors snapping up bonds that no longer have a negative yield. thes: lovely rounding up big move on the day in the market. health service funding has taken center stage with boris johnson having an akward encounter with reporter. a picture of a child forced to sleep on the floor of a hospital due to a shortage of beds. still with us is charles-henry. the imagery of jeremy corbyn, the ongoing daily battles in the polls, i sort of jokingly set at the start of the show that i must be an utterly good contrarian at the top of sterling. if it is a substantial majority as opp

and thanks for joining us, i am juliette goodrich. >> i am brian hackney. the rain and wind causing problems across the bay area. a tree took out some utility lines as it came crashing down, no one hurt. >> a couple pedestrians in san francisco not so lucky when the tree toppled over, and it happened at clay street, a man and woman injured and expected to be okay. >>> drivers that with dangerous conditions on highway 24 in lafayette. this is what triggered it, the storm off of the northern california shoreline is sending a front through the south bay. as a result, showers and thunderstorms tonight, most of the action from the east bay shoreline right through livermore and pleasanton and toward the shoreline, the northbay not so much, not now. most of the action south of the golden gate, look at that, moderate to heavy rain coming down on the east bay shoreline and the tri-valley area. and the santa cruz mountains as well. 24 hour rainfall totals, as much as 6 inches. inch and a half in santa rosa and three inches in the santa cruz mountains. we will cover t

. >> and you know, juliette, to your point, let me just remind people what he said about the brutal murder of the washington post columnist jamal khashoggi. >> i hate the crime. i hate what's done. i hate the cover-up and i will tell you this, the crown prince hates it more than i do, and they have vehemently denied it. >> going against his own intelligence agencies there, but those two statements are quite similar. >> they are, and this just gets to the question of motivation and always with this president when it comes to the saudis and when it comes to the russians and it starts to get tiresome after a while. it would be something to say simply of course, that he does not represent all of saudi arabia neither a mexican would represent all of mexico and i would and why he bends over backward a million times to defend saudi arabia's egregious behavior. >> thank you very much, juliette. >>> next, dodging the issue. the republicans having problems answering very basic questions from our dogged manu raju. >> sir? >>> and two former u.s. senators, both republicans calling out their party for

juliette saly in singapore. the u.s. will proceed on december 15 with plans to place more tariffs on china. that's if there is no significant process in the talks or deal. wilbur ross said that while talks between the two sides continue, there's no big meeting planned. donald trump said a trade dilma may be delayed for a year. he told reporters they will find out pretty soon your way. like the ideas, i of waiting until after the election. to make a deal now. we will see whether or not it will be right. it has to be right. china has vowed more retaliation after u.s. lawmakers passed a bill that would impose sanctions on chinese officials over human rights abuses. it threatens to throw the already tenuous trade talks into disarray. manus: yes. our guest host this morning joins us. good to see you. >> good morning. manus: the consensus trade has been blown apart, hasn't it? >> everything you look at now in the u.s. has to be looked at in the prism of an election in a years time. donald trump wants to get a trade tilt done.

. >> juliette goodrich on the latest big donation to our food for bay area families drive. >> reporter: look at all of this fresh produce here at second harvest of silicon valley. so much going on. they're sending all this fresh produce from daly city to gilroy. also corporate sponsors have really helped out this holiday season. i'd like to introduce now from z scaler allison, i know your employees were really racing this year. >> yes, we participated in a 48 hour virtual race by second harvest food bank. we among the 9 companies that weraisedre almost a millio dollars. >> reporter: that's fabulous. do the big reveal and show us just how much money you're donating to second harvest. >> just under $40,000. >> reporter: that's fantastic. kat is with second harvest of silicon valley, and this is going to go a long way. >> indeed it is. we couldn't do this work without our partners. thank you so much. these dollars mean this holiday season my families all over our community can make healthy and happy memories too. >> reporter: all gh t, ifget mo information you certainly can. go to our web

ei am juliette goodrich. >> and i am brian heckman. we get right to the satellite map, which shows where it is all coming from, this low- pressure is now sending this cold front to the south bay and some heavy downpours from time to time and it will be windy and stormy tonight. let's get you caught up. we still have showers behind and post frontal activities. you can see a line moving across central marin, over the east bay, scattered showers now and heavy rain. an hour ago, southbay is ready for action though. it is still coming down. rainfall over the past 24 hours shows an inch and a quarter in san francisco, now to southbay, those numbers will have to be updated. that is from about 40 minutes ago. still, in san jose, and plenty in marin where santa rosa almost 2 inches of rain. more to come tonight. in canfield, 2 inches of rain. wind speeds too,

thanks for joining us, i'm juliette goodrich. >> and i'm brian hackney. the city of gilroy hosted a gun buyback program just months after the deadly festival shooting. >> and as kpix 5's devin fehely reports, it's the county's first in more than two decades. >> reporter: it's impossible to ignore the backdrop against which this gun buyback happens in south santa clara county. this is a community that's been touched by tragedy, that's been scarred by recent incidents of gun violence, so the goal of getting guns off the street has extra significance and resonance. the cars stretched down the block, lined up to turn in their guns, many motivated by the tragic shooting at the garlic festival. >> when they had that shooting, we felt so bad for everybody, and it's our community, and so what's left is we can get some of the guns out of our community. >> reporter: the district attorney's office partnered with the morgan hill and gilroy police departments. >> we don't want a firearm taken and used to commit a crime. >> reporter: the district attorney's office offe

did evening, i'm juliette goodrich. >> and i'm brian hackney. >> here's more on how a holiday grinch tried to ruin the celebration. >> reporter: i'm here at brentwood on ice, but there's not a single skater on the ice because of vandals. a lot of people saw their ice rink turned into a lake. >> merry christmas! >> reporter: the annual hometown christmas parade went off as planned, but as for the skating rink. >> they turned off the chiller. >> reporter: the owner of brentwood on ice had to turn people away. >> it's sad because it would be packed right now. >> today has been a rough day. i was floored. we've already disconnected the pipes off the chiller. >> reporter: tom noticed the rink was vandalized when he arrived early this morning. as soon as he figured out what happened, he started canceling classes and birthday parties. >> i kept my composure until they started crying about the parties, and i lost it. >> reporter: tom thinks this stems from a dispute over stolen skates. insurance won't cover vandalism, but the holiday spirit is alive and well in brentwood. >> that 1 percent r

here is juliette saly in singapore. juliette: a pretty good start for asian equities. month and this is on the back of the positive data out of china. we've got the yen at a six month low, suggesting the risk on mood across markets. that sent the nikkei higher 1% on the close. south korea, a slight pickup in consumer prices in november, but only to 0% level. china, slightly higher into the close and we are watching hong kong stocks moving higher .4% despite more protests in the city on the weekend. konge expecting hong retail sales to come through after the closing bell in hong kong for the month of october, and the finance secretary has already flagged that they are going to be a in august to climb, -- an enormous decline, partly due to decline in tourist arrivals, down 45% for october. we expect retail sales for october to fall in value and more than 25% in terms of volume. this will lead to concerns about what the retailers do heading into 2020 today. continuing to fight or do they shift their investment strategies to mainland china? nejra: on to our top story, mark

. >> and i'm juliette goodrich. we start with that huge deal just approved by the alameda county supervisors. kpix 5's andria borba is live with all the details. >> reporter: it starts with a $5 million deposit, the total deal worth 85 million for half of the coliseum site. >> congratulations to the great city of oakland. >> reporter: the unanimous vote to sell alameda county's portion of the site came after hours of public comment. >> and we're looking forward to getting out of the sports business and keeping the oakland a's in the city of oakland. >> reporter: while the county gets $85 million for the deal, neighbors in east oakland want to make sure the sell of the land for the a's

our juliette goodrich shows us a generous donation in our food for bay area families drive. >> reporter: if you see these barrels around town, they need to be filled with nonperishables. we're here at the food bank of contra costa and solano where the busy work happens throughout the year, as well as our corporate sponsors. alex cunningham with chevron is here, and tell us what chevron has been doing to help the food bank? >> we're committed to giving back to the health and wellness of our communities, and we're headquartered right here in the bay area. >> reporter: you have something here, i don't you reveal it, and how much is the check for? >> $150,000. we're pleased to give it to the food banks. >> reporter: john is with the food bank, and this goes a long way. >> absolutely. this goes a really long way to help those people in need in our community. chevron has been a great partner for us throughout the years. we serve 1 in every 8 people here in our 2 counties, and this is just a great contribution that will help a lot of people. >> reporter: absolutely. i also want to ask, your em

juliette saly out of singapore. thank you so much for that. let's get to the first word news out of beijing and selina wang. in israel, prime minister benjamin netanyahu fought off a challenge to his leadership. he won a landslide. he will lead it into israel's third election in less than a year. the challenge came amid a corruption scandal for the prime minister. he has recently been indicted on charges of bribery and fraud. at the federal reserve took $18 billion of bids in its 14 day repo operation, the third straight time for the sale that has been under subscribed. balance sheets are nearing capacity or that those who need year-end funding have already secured enough. from japan's state broadcaster. it mistakenly issued an alert saying north korea has launched a missile only to retract it a few minutes later. it is the second such error in as many years. the mistake highlights the increased tensions in the region. it will use the holiday season to deliver a "first miss gift" to the u.s. -- "christmas gift" to the u.s.. global news, 24 hou

i'm maria medina in for juliette. >> i'm brian hackney. >>> it looks like this in every corner of the bay area, slick roads and raindrops on the live cameteiny ofa ndveng that co down pretty hard, h visibility on the roadways the wipersg and drivers on their toes. as for the flyers, a live look at sfo. the weather has not caused major problems unless you had reservations forone of the 131 delays, but there were only four cancellations. the latest on the weather, hi- def doppler showing all the showers pinwheeling south and eventually will head out of the bay area. as you head to the east bay, scattered showers but not as heavy. they'll become more robust later in the evening over the diablo range coming down good and light showers over the airport in san jose. rain totals, about a 0.1-inch, half inch in santa rosa. as for what happens neck, that low pressure will swing south out of the bay area, windy tonight, but tomorrow looks completely different. high pressure builds in. we get plenty of sunshine. we get scattered showers through midnight and then dry it out. ll