(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.

Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • President Donald Trump signaled he would be willing to wait for another year before striking a trade agreement with China, casting doubt on the likelihood of a phase-one accord within weeks between Washington and Beijing
  • Bond powerhouse Pacific Investment Management Co. has become the latest high-profile critic of negative interest rates, warning that one of the key central-bank tools in economically beleaguered Europe and Japan may do more harm than good
  • In Europe, the ECB is said to be facing particular, and increasing, pushback against its negative interest-rate policy in private engagements with the region’s finance ministers
  • For years, low inflation looked like a classic rich-world problem. Plenty of developing economies now have it too
  • China’s PMI spread some cheer as the end of year approaches, but the pain is far from over, writes Bloomberg Economics’s Chang Shu
  • South Africa’s economy contracted for a second quarter this year in the three months through September as farming, mining and factory output slumped
  • Finally, here’s how the death of the U.K. high street is hitting women the hardest

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Andrew Atkinson

©2019 Bloomberg L.P.