04 . The trade the stock of the day the morning, the week is bitcoin. Bitcoin futures trading there. What are we at . 17,000. Friday we were at 10,000. David that was huge. Now time for the morning brief. A big week is ahead of us. Today nafta talks begin in washington and later this week we have three Key Central Bank decisions, the fed and e. C. B. And bank of england. Russian president Vladimir Putin will hold an annual presser and an e. U. Summit following the brexit breakthrough. There was a brexit breakthrough when you were away. Alix were hearing the rollbacks, is the deal binding, is it not . Is it legal . We have opinions on that. And bidding overed the weekend were worried about a labor party and snap election. Dave the labor party is taking over, jeremy corbyn. He said if they do take over theyll move the bank of england to birmingham. Alix that makes accepts. David that will be different, for sure. Alix to bloomberg first news word, heres emma chandra. Emma russian presiden
We are looking at industrial metals, the first down day in nine sessions. The emerging markets index climbed for the highest and about three weeks. Euro strengthening against the u. S. Dollar despite the likely passage of the tax reform plan. Gold gaining. 1 . David lets find out whats going on outside the Business World and for that we turn to emma chandra. Emma today, Congress Begins the final step toward the biggest inrite of u. S. Tax laws three decades. House republicans are expected to easily pass the tax bill and the senate is likely to follow later today or tomorrow. The measure permanently slashes the top rate of tax for business to 20 1 . O 31 35 in washington state, federal investigators say an amtrak train was speeding before a fatal the realm and. According to the data, it was going 80 Miles Per Hour in a 30 mile per hour zone. At least 30 people three people were killed and several others treated at the hospital. The train was making its first run along a new route. A tou
My chart of the morning has to be with carper copper. ,ou are looking at nineday run the longest winning streak since 2004. What it means for inflation, we will dissect that. David lets find out what is going on outside the business world. Emma some new Jersey Transit riders are facing decades of tax hikes to subsidize a new 12 billion into manhattan. Outgoing new Jersey Governor Chris Christie proposed a surcharge in his state until at least 2038. He canceled the hudson river rail tunnel in 2010, saying he did not want to burden taxpayers. The great lakes is dealing with recordbreaking snowfall. Yuri, pennsylvania was hit particularly hard with 63 inches of snow since christmas day. At least another five to 10 inches are expected. Chinas leading policymakers plan to discuss amending the National Constitution for the third time since 2004. The decision was made today at the meeting headed by the president. The party will convene in january. There are no details where possible changes c
Freely u. N. Trade more and u. N. Falls against the dollar. An interesting shift in the market. David they dont have to worry out it like they did. Breaking news. Continental is in talks with advisers saying it is going to explore a possible holding structure. This could be the biggest overhaul ever for this very large Auto Component maker. Tos appears to be an attempt break it up so the individual parts of the company could trade separately. They be some of the tire manufacturer could rise on the news and it is tied perhaps to the move to Autonomous Vehicles and the electric vehicles. Ag will be exploring a holding structure. Alix those are the super fancy tires. David they are very nice tires. Time for the morning brief. At 10 00 this morning Minneapolis Federal reserve chair Neel Kashkari ways in from minnesota. President trump meets with bipartisan members of the senate on immigration issues. At 1 00 tonight states auctions 24 billion in threeyear notes. Alix heres emma chandra. Th
Criticizing germany. He says the u. S. Has a massive trade deficit with germany and the germans pay far less than they should for nato. President trump says it is very bad for the u. S. , but it will change. In berlin, indias Prime Minister says his country has made a quantum leap in economic ties with germany. He spoke after meeting with Angela Merkel. He says the two leaders are made for each other. Global news 24 hours a day, powered by more 2600 journalists and analysts in more than 120 countries. I am emma chandra. This is bloomberg. David donald trump called his first foreign trip a home run, but some in europe saw it differently. In europe,ion rally Angela Merkel suggested that europe might not be able to rely on its stead fed you steadfast United States. She returned to that subject today. Ourur chins anemic transatlantic relationship and the statement i made recently is due to the fact that in the face of the present circumstances we have additional reasons for us to realize t