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Good morning.

From the newsroom of the Financial Times, today is Friday, December 7th, and this is your FTE news briefing.

Today we'll be looking at a turbulent day for global markets, the fallout from the arrest of Huawei's finance chief, and we look back at a difficult week for

Prime Minister Theresa May's Brexit deal. I'm Eric Krupky, and here's the news you need to start your day.

Hi, I'm Robin Wheelsworth.

I'm the U.S. Markets Editor at the Financial Times.

It was an incredibly turbulent day for U.S. markets on Thursday.

The S&P tumbled on opening and foul as much as 2.9% by lunch.

However, the S&P 500 managed to stage a pretty dramatic comeback in the afternoon and end of the day

and only slightly down. The Nasak index which had fallen over 3% at one point

actually managed to end the day in positive territory. Treasury yields,

which had rallied, pushing yields down, actually ended up only falling two bases points of the day for the 10 year yield showing that at least

Marcus managed to find the footing at the end of a pretty rocky day.

There are in broad concerns that 2018 is as good as it will get for the US economy.

Growth is starting to slow somewhat and interest rate increases are starting to bite. That is one of the things that's been

freaking out financial markets periodically throughout the year. Globally as well, the economic

picture is starting to look a little bit dimmer than it did at the start of the

year and the trigger for this sell-off seems to be in the arrest of Hawaii CEO in Canada

which investors worry will flare up the trade tensions between Beijing and DC.

That arrest happened last weekend, but it was only made public on Wednesday.

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