The president will be addressing military strategy in afghanistan, shortly. In u. S. Dy the largest history. Betty good morning, folks. It has been another busy news day, not least because half the country was watching the solar eclipse. In the meantime, as we are awaiting the president and his speech on afghanistan, we had many lieutenants are talking again about policy. Was one, the treasury secretary at an event in kentucky with mitch mcconnell, and he was talking about tax reform, and one of the most contentious areas of tax reform is the carried interest, which President Trump had noted is a carried interest break for the 1 . He noted on the trail i am going to pull it. A little bit of a turnaround for mnuchin. They said they would that to continue the carried interest for funds that create jobs. The hedge funds are evil. Get rid of them before the other funds that actually create let us keep them. He struck a different tone. Let me play this for you guys. Permanent is a lot bette
Plans to craig u. S. Shale in a nod to investors. And the seller accepts spread across america. Lloyd blankfein wishes it wasnt the only shadow across the country. Tweet just thes latest in a series of suggestions that perhaps the Investor Community is quickly losing patience with the Trump Administration, and the lack of progress made when it comes to policy reform. His tweet taking federal aim at the president overnight. We also had commentary from ray dalio, the head of bridgewater, the Worlds Largest hedge fund, saying hes quite concerned about levels of risk. Ray dalio in the past few weeks said investors should put 10 of their money and save havens like gold and the yen. We are looking at perhaps the opportunity to turn a new page for the president. He is just about to step out on stage, about to deliver an address to the nation here in arlington, virginia. , hinted at by james mattis over the weekend to announce perhaps the adding of troops to afghanistan. We will listen into wh
Will they face unanimous opposition . Shery it is it 00 a. M. Across the emirates. This is Bloomberg Markets middle east. I am Tracy Alloway in dubai. Salamat. M rishaad we are seeing gains across the board looking at the gym and function we can see that Equity Industries are to the upside. What we do have our currencies in focus. I do want to discuss one market to watch out for and it is the karachi stock exchange. Down 2. 1 in the session on monday. That is taking it to near a 20 decline so far this year. That would indicate it is in the bear market. This is being compounded by the move into having emerging markets status, a lot of money got pulled out. It is a small fish in a big pond. But watch the stock. After comments made by donald trump where he singled out text on as a country that needed to get its house in order. That is one thing to keep an eye out for. The Prime Minister removed from office and there is a bit of uncertainty at the top. It is a day where screens are in the
In 30 minutesns time. 100 days of macron. Four months after the french president prospector he, the initial market euphoria about his win has managed. Just how likely is it that he is able to pass labor reforms . Matt we are less than half an hour away from the european open. Im am looking at futures that signal we will see gains at the open. You see the same in u. S. Futures and it is an interesting trade today after the trump speech yesterday. You see people selling bonds, selling gold, selling the yen against the dollar. Bund trade. At the people selling the bund as well so getting out of the perceived safety of u. S. German of German Government debt. D yield is miniscule at 0. 408. Manus this is a carry through of the rhetoric you just used which is that we are risk on. Theite pyongyang, warnings world that it would threaten the u. S. With merciless revenge. Founder of the Worlds Largest hedge fund is saying we are reducing risk because he is concerned about growing internal and ex
Be the next one, this spread. Wti versus brent. U. S. Oil versus european oil getting more negative as we go. That means brent is seeing a nice rally. David President Trump addressed the nation to lay out plans for afghanistan saying the United States will remain committed, but not engage in nationbuilding. President Trump America will continue its support for the Afghan Government and the Afghan Military as they confront the taliban. We are a partner, a friend, but we will not dictate to the Afghan People how to live or how to govern their own complex society. We are not nationbuilding again. David joining us now is bloomberg chief washington correspondent kevin cirilli. Give us a sense of what the president was trying to accomplish last night and did he get that done . Kevin the president facing intense scrutiny following his response to charlottesville. He no made no direct mention to it, but essentially said he hoped to unify the country and then he pivoted to Foreign Policy and sa