Lisa Mateo

earlier this week ended in a stalemate.

In other geopolitical news, Nathan, China and Canada are normalizing ties this morning.

The two countries reached a wide-ranging agreement to lower trade barriers, including a reduction in tariffs for Canadian canola and Chinese electric vehicles.

Prime Minister Mark Carney is in China meeting with Xi Jinping.

It's the first visit by a Canadian leader to Beijing in eight years.

And that was Canada's Mark Carney, who has been seeking to rebuild relations with Beijing and reduce Canada's reliance on the U.S.

after President Donald Trump imposed sweeping tariffs.

Well, the Trump administration's latest attack on the Fed may have just the opposite effect of what the president wants.

Let's get the latest from Bloomberg's John Tucker.

Good morning, John.

Nathan, Wall Street's five biggest banks.

Well, they reported a record $134 billion of trading revenue last year, and they say more is coming.

Morgan Stanley CEO Ted Pick led the optimism.

Well, like Morgan Stanley's Ted Pig, Goldman Sachs CEO David Solomon was optimistic too.

Goldman Sachs CEO David Solomon now shares of Morgan Stanley and Goldman.

Both rose the most since April, gaining 5.8% and 4.6% yesterday.

I'm Lisa Mateo, and this is Bloomberg.

Oh, okay.

So yesterday I received my daughter's seven-page PowerPoint presentation for her Christmas list.

My question to you, Oliver, is are people going to be spending as much as they did last holiday season?