The Day Today 15th January 2020

– US tariffs on Chinese goods to stay in place until after November presidential elections, as Mnuchin said “these tariffs will stay in place until there is a Phase 2” he also said the documents released later at the signing ceremony will show “there’s a very detailed dispute resolution process”
– Trump administration plans to restrict news media access to advance stories, currently there are “lock ups” where journalists receive the data early in a secure room and are given 30 to 60 minutes to write reports on computers disconnected from the internet
– House of Representatives will vote today on sending the articles of impeachment to the Senate after Nancy Pelosi spent nearly a month trying to influence the rules of the trial
BOJ cut the economic assessment for three of the nine regions in its quarterly report
– Flybe agreed a rescue plan with the government
– Yamaha warns not to get inside its music cases, like Carlos Ghosn was reported to have done
– Rutland will get a McDonalds although there are conditions including planning of the restaurant itself and a litter management plan must be approved

US equities off highs after the reports of US tariffs staying on Chinese goods until after November’s presidential election. Asian equities have been in decline as well
Phase One ceremony starts at 4:30pm today. Bank of America and Goldman Sachs among the earnings results later. There’s also BOE Saunders 8:40am, German GDP 9am, UK Inflation 9:30am and US PPI/Empire Manu 1:30pm

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On this day in 1559 Queen Elizabeth I was crowned as queen regnant of England and Ireland at Westminster Abbey having ascended to the throne on November 17th 1558

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