And later, exclusive access inside the 50 million mansion that tequila built. Break out your saltshakers and your lime wedges because power lunch starts right now. And welcome to power lunch. Im melissa lee. The record rally rolling on. The dow, s p and nasdaq, transports all hitting record highs in todays session although were take a bit of a pause right now. Sps and nasdaq just off the highs. If the dow holds at this level it would be posting its first threeday winning streak of the year. Im Brian Sullivan along with michelle carusocabrera. Know whats not hitting records . The mexico etf. The eww. That is falling hard on the news out in the past hour or so the mexican president will cancel his planned working Group Meeting with President Trump that eww down 2. 3 . That meeting was supposed to happen on tuesday. We are also awaiting President Trump. Hes about to speak in philadelphia. The big republican retreat. We will bring it to you when he begins. Its going to be the first we hear
Citing the president s words on the campaign trail. President trump is proposing budget cuts across the increase inor an defense spending. The state department would be cut by 28 . The Environmental Protection agency would be cut by 30 . The pentagon would be increased by 10 . Lindsey graham caused the cuts dead on arrival. The spread of populism, giving win. s party a big turning back a challenge by the antiislam Freedom Party. Wilders did worse than the polls. Redicted he proposed blocking immigration by muslims. In asia the China Central bank is in step with the Federal Reserve. The bank of china increased cost of borrowing in open Market Operations and on mediumterm lending. The central bank said the increases do not equate to interestrate hikes. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. , this isa cehic bloomberg. Equities, bonds, currencies, commodities, we saw great move off of the fed action, a more dovish tone. Co
U. N. Security Council Gives him unanimous backing as nominee for secretary general. And a state of emergency in florida as the monstrous Hurricane Matthew hurtles towards americas southeast coast. Some residents are stocking up on supplies and authorities are telling people to get out while they can. Good to have you with us. With diplomatic attempts at stopping the violence he says eastern aleppo faces total destruction within the next two months if russian and Syrian Government forces continue their heavily their heavy bombardment. Syrian Government Forces push on in their bid to recapture aleppo. The army has urged people to flee while they can but that may be impossible as 275,000 civilians remain trapped. The brutal battle for aleppo continues. These Images Released by the syrian army show soldiers advancing towards the rebelheld area in eastern of the city. For the past few weeks, Syrian Forces have used extreme violence with Russian Support to win control across all of aleppo.
Producers to follow suit. In an exclusive interview with Bloomberg Television, the secretarygeneral said the deal will be brokered to satisfy everyones concerns. For the first time in the wetory of our collaboration, will have a joint agreement that is jointly binding. Both opec and nonopec will ensure the compliance to the agreement. Yesterday, opec agreed to curb production, pushing Prices Higher on speculation it will clear more quickly. In the Civil Aviation authority is definitely suspending permission to operate in the air space. This is after the deadly crash of one of its charter planes in columbia. The crash took more than 70 people, including members of a football team. A carrier was founded in venezuela in 2009 but operates in bolivia. News 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Scarlet i am scarlet fu. Joe weisenthal. U. S. Stocks falling from your alltime highs after equity caps advanced in four mont
Forecasts. The policy rate is unchanged. The central bank, in terms of Interest Rates, keeping them as they are, at 6. 25 . This is the dollar versus rupee. 57. 95, however at this point what is most significant is it has cut its 2017 Economic Growth forecast. We will get plenty more on that and market reactions, but first lets get to the first word news with nejra cehic. SharesCredit Suisse trading higher after the bank stepped off step up costcutting efforts. Down from an earlier goal of below 18 billion francs. The company lowered profit targets for its International Wealth management business and its asian division. German Industrial Production rose less than analysts forecast in october. Production, adjusted for seasonal swings, gain 0. 3 from the previous month, compared to a median estimate for a 0. 8 rise. It signals that europes largest economy took a slow start to the final quarter of the year. U. K. Prime minister has agreed to reveal more details of her plans for brexit, bu