Marketplace Morning Report

The reported “mini-deal” with China on trade is now a no-go, according to an update from the president. Plus, the Trump Administration is seeking to overhaul banking rules for lower-income borrowers.

With the Conservatives’ stunning election victory in the U.K., will they finally “get Brexit done”? The U.S. and China have reportedly reached a “mini-deal” on tariffs, but the damage to Chinese industry might already be irreversible. Plus, Home Depot is blaming losses on the opioid epidemic.

From the BBC World Service… With the largest Conservative majority in over 30 years, a post-Brexit trade deal will be the new government’s first priority. We get market reaction from the U.K. and Europe. Plus, is political betting more accurate than election polling?

Both the Fed and Europe’s central bank keep their hands off interest rates. Money isn’t all candidates need to be part of Democratic presidential debates. Plus, Costco diversifies its bulk business with higher-end brands like Coach and Apple.

The Fed chair explains why wages are stagnant despite low unemployment. The European Central Bank keeps interest rates low at new head Christine Lagarde’s debut meeting. Plus, the Trump Administration has choked off the World Trade Organization’s top court.

From the BBC World Service… Australia sets stricter social media rules. Christine Lagarde has her first ECB rate setting meeting. Plus, an evening with an Amazon delivery driver.

Environmental and labor rules feature prominently in the “New NAFTA” deal. Plus, the unceremonious way one trucker learned his company went out of business right before the holidays.

Saudi Aramco becomes the most valuable publicly traded stock in the world. The new energy secretary gets sworn in today. Plus, “The Economist” gives its predictions for 2020, including the prospects for the “splinternet” and the rise of the “yold.”

From the BBC World Service… Aramco shares jump 10% on debut. France braces for pension reform speech. Plus, a spotlight on Morocco’s economy.

The U.S. and China agree to delay tariffs, according to reports. The UK faces its third election in five years as Brexit looms. Plus, Airbnb is facing protests in Athens, Greece as rents go up.