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Good morning from the newsroom of the Financial Times.

Today is Tuesday, December 10th. Good morning from the newsroom of the Financial Times.

Today is Tuesday, December 10th,

and this is your FT news briefing.

The trade agreement that would replace NAFTA

might be done as soon as this week. Morgan Stanley is cutting around 2.5% of its global

workforce. Amazon is suing the Pentagon over a $10 billion defense contract and Softbank is selling its sizable stake in the dog-walking company

WAG.

Then, the life and legacy of former Federal Reserve Chairman Paul Volker. I'm Mark Filipino and here's the news you need to start your day.

A U.S. Trade Agreement with Canada and Mexico could be ratified soon. On Monday US President Donald

Trump took an upbeat tone on the fate of the US MCA deal which would replace

NAFTA. It's been stalled for months as Democratic Speaker of the House

Nancy Pelosi pushed for more changes including tighter labor standards in

Mexico. I'm hearing very good things. I'm hearing from unions and others that it's looking good.

I'm hearing a lot of strides have been made over the last 24 hours with unions and others.

Hopes are high that at the very least the House could pass the agreement before the holiday break.

An agreement on USMCA would be a big relief for investors and businesses.

It's unclear when we'll see progress on a U.S. China trade deal and the U.S.

has threatened to put even more tariffs on U.S. goods.

But this is a rare instance of cooperation between House Democrats and the White House.

...