Lets quickly check on your data. Overall, european stocks seem to peaks. Ing for two year the Dollar Strengthening and u. S. Treasury yields are inching higher as President Trump arrived in korea for a two day visit. Nejra in washington, the house tax Money Committee began four days of work to hammer out the details of the republican tax cut plan. House republicans adopted a package of changes, including a measure to limit the socalled carried interest tax break. This promoted serious reactions from democrats. U. S. President donald trump has vouched for saudi arabias leadership after the anticorruption crackdown. He tweeted, i have great confidence in king salman and the crown prince of saudi arabia. They know exactly what they are doing. Fourl, 11 princes, ministers and dozens of former ministers and willem businessman were taken into custody. U. K. Retail sales fell the most in seven months in october, indicating caution amongst consumers weeks before the crucial Christmas Shopping
Gazas ruler rebrand as the isisrael says the manifesto not worth the paper it is written on. It is 7 00 a. M. Here. 5 00 in london. This is Bloomberg Markets. Shery ahn in hong kong, it is midday. You have lost a good interviews coming up. Tell us about them. This is the heart of saudi arabia. A lot of excitement around the country in terms of it opening up to Foreign Investment, making some of the big changes. Vision 2030 has been part of that and tries to wean itself off its dependency on oil. Happeningt what is with foreign participation in the stock markets. That has not picked up as much as expected. Bond,ok at demand in the two very different stories but ultimately what we will be doing is continuing to talk to the movers and shakers on the ground on the sidelines to get a better sense of where the story goes and how investors can of further tap the opportunities. For now it looks like a pretty optimistic today for investors in the market. Take a look at the function on the bloom
Happy new year. Happy new year to you, too. What do you make of what the stock market has done since election day . Look, i think a lot of it is its all positive because people think youre going of have positive gdp growth, less regulation. And i think if you have this 2 to 3 or 4 to 5 growth thats good for equities. Equities this year will be up 10 . Were calling it the trump rally. Is it fair to call it that . I think its you can call it whatever you want. To me its definitely a rally and the rally is because all the numbers coming out are all positive. Right . So everybody is seeing that theres going to be more positive there. And i think a lot of it is for businesses, the less regulation there is the better it ends up being. Its so interesting just given your place within the clinton calm pampaign, youre c to the clintons. Yeah. You wanted her to win, he won. Are you surprised the stock market has reacted the way it has . A little bit. And i think part of it is just as the numbers
Billion. Its for air force one program. And i think its ridiculous. I think boeing is doing a little bit of a number. We want boeing to make a lot of money, but not that much money. Okay, thank you. Shares of boeing fell early this morning before coming back and actually finishing the day higher. The dow in small cap can russell index at record highs. Is the market becoming immune, to trumps tweets and should you be worried . I hope it is. Well, try to remain apolitical. Thats a pretty ridiculous comment. Boeing should make money he has no idea how much money boeing makes or doesnt make off air force one, number one. I have no idea 4 billion is exorbitant. Sounds like a lot of money. Maybe theyre losing money on the deal. Doesnt matter. I will say this, though. At what point this morning, boeing, the stock, was down i think over 11 . Obviously came back with a vengeance. Which it should have. Boeing trades at 16 times forward earnings, has a tremendous backlog. Valuations are reasonabl
Treasuries are rising. Lets refresh your memory about hat is going on. 6 . The s p was down 1. 3 . European equities are declining. Lets see what is actually going on. Tui travels. We spoke with the c. E. O. He said were raising our guidance for the rest of the year. Operating profit will rise by 9 . Due to a good summer and high season and strong late bookings. Lets take you into the three stocks to watch. Oil up here. Oil really is beginning to come under pressure. Phillips is down. The light making company and healthcare company. They have been fined 466 million for pat ept in fringement on a Fingerprint Technology that takes the oxygen in your blood. Thats what they will have to pay the penalty for. Crude oil. Black gold. 90. 71. At a 17month low. Youre looking at the strength of the dollar. Youre seeing pumping, pumping. They have oil in saudi arabia. They are pumping it quicker than you can eat cupcakes. They sell it to the asians at 2008 prices. They are battering the price down