The S&P 500 tops 3,200 for the first time ever as U.S. Treasury Secretary Steven Mnuchin tells CNBC that ‘phase one’ of the trade deal with Beijing will be inked in early January. There'll be a new boss at Threadneedle Street. The FCA's Andrew Bailey is set to take over from Mark Carney as the Bank of England governor from February. We hear exclusively from the new European Union economy chief, Paolo Gentiloni, who tells this channel that monetary policy alone won’t be enough to move the bloc out of the doldrums. And in Washington, President Trump demands a speedy Senate impeachment process but looks to be frustrated by House Speaker Nancy Pelosi who intends to push the GOP to meet Democrat procedural demands.

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