The uncertified inspection scandal. They say the u. S. Market will be critical. Yvonne markets seem to like the dealmaking that could be happening in asia. The donald trump a visit we have been calling it in the region, gone pretty smoothly so far. The state visit in china, they havent rolled out the red carpet, the chinese opera. It seems this relationship between president xi and trump has softened more. We will talk about the deals we are expecting. Betty 250 billion worth. A common theme that we are hearing from many of our guests is, the real work is going to happen afterwards. It is nice to see the pomp and circumstance. But really, the real work, the nittygritty will happen after the niceties and handshakes are finished. Lets get the first word news with courtney collins. U. S. Tax changes move a step forward thursday. The Senate Finance committee scheduled to release its proposal. Republicans plans outline the bill with gop colleagues after facing criticism from inside and outs
Bloomberg daybreak europe. We start the program by looking at brexit, one year on. We mark the oneyear anniversary since the brexit about. Lets have a look at the Bloomberg Brexit parameter. This is based on proprietary indexes that have been made by bloomberg and u. K. Inflation. Economic activity and that inflation adding up, which has been deteriorating in the most recent months. The start of this brexit process. Uncertainty weighed on this index. Data was clear up the start of the one youre period, helping some of that data to bounce back. That tradeoff between growth. Nd inflation growth trend we will talk more about that in a moment. We had 3 million e. U. Residents having in the u. K. That was news out of brussels overnight. That does support the pound a little bit. 1. 27 on the pound. Here is the risk radar. A lot to talk about on the commodities story. This is where we are on the oil price. We are up, as you can see. Were a bungled as well. Wti before below 40 a barrel. Gold b
Higher today. Nike, a familiar name we all know. A lot of people know the bags, theyre actually selling it off to the Apex Partners 570 million. They raised their quarterly dividend. Back to you. Dagen thank you so much, nicole. Beginning negotiating ways to avoid the fiscal cliff. Time is not on their side, were joined by congressman from both sides of the aisle, from colorado and equally fine wisconsin represented by democrats. Good to see you. To you first, there is discussion of stories in the wall street journal today about change to be sequestered to get rid of it and instead of that, put in place spending cuts and tax increases getting us six months into the middle of next year. I want to hear from both of you. You agree with a temporary measure to avoid the Big Decisions that need to be made. The answer to the fiscal cliff reaching a longterm deficit deal, now we need to let the political dust settle. There is a way to listen together and find some common ground. 80 ceos gave t