Manage episode 246288430 series 2508762
On trade tenterhooks… Asian equities are mixed, looking for clues on trade negotiations, as White House economic adviser Larry Kudlow strikes a positive tone and China’s ambassador to the U.K. tells CNBC exclusively that Beijing wants to get a deal done. Speaking before the House Finance Committee, Federal Reserve chairman Jerome Powell says the U.S. economy is stellar and there is no reason it shouldn’t continue to grow, despite risks in manufacturing. The fallout from the first public impeachment inquiry hearings continues, with House Speaker Nancy Pelosi saying that President Trump’s behavior towards Ukraine is tantamount to bribery - a charge he vehemently denies. And in corporate news, Chinese e-commerce giant Alibaba is upbeat about the future in spite of the ongoing violence in Hong Kong, where it is launching its retail campaign for a $13bn listing.