Meeting,ing us at that praisedt erdogan russias role in syria, and says he is ready to send more troops to in the civil war raging for more than six years. Let me say this, before anything else, increase your friends, increase your enemies. We are working on this, and we had something negative with russia, but in a very short time we got past this issue, and right now with russia with gotten a significant climb in Foreign Trade volumes of 36 billion with russia. Now russia will pass germany to be number one in tourism. A very significant wave of tourists has come from russia to turkey. There is a two and a half hour distance between us and moscow. , there is onlyme we will have our talks there. On monday we will come together with mr. Putin. We will have a telephone call. On thursday we will have dinner together. We will talk about these developments, about what is happening in syria. Look, right now there are some problems. We will talk about that. Despite all these events, while it i
Hong kong. This is Bloomberg Markets middle east. Lets get you a quick check of how the markets fared on friday. Lets start out with the u. S. Close. U. S. Equities range bound on friday. Kind of bowlers kind of boring to be honest with you. Dow jones matching a drop. Lets look at the broader macro moves that might interest people in the region. Look at the 10 year u. S. Treasury yield. Treasuries catching a bit of a safe haven. The yield on the 10 year falling to 2. 25 , after reaching 2. 27 thursday after the the more hawkish than expected fed statement. Take a look at the emerging markets index. That was falling again friday, a second day of consecutive down days. Again off the back of the fed taking a knock off a six year high we had seen. Oil is part of the emerging markets story. Oil continuing its rally. We had that technical meeting in vienna by opec members. We will discuss that later in the show. Lets take a look also at some of the currencies. We have fx moves in the market.
Thise about 30 into session. This is only the worst session in a little more than a months time for the major averages here in the u. S. Recordid, we have seen after record recently. This is a little bit of a switch in sentiment, certainly, if nothing else. Also, as we have been talking about with the anniversary of black monday, that is something a lot of traders are talking about and thinking about, and if you have not checked out our oral history on bloomberg. Com of that day, it is a fascinating read. We are amid earnings season as well, so it is about the fundamentals. This is a Slower Growth in earnings season, or is expected to be. The earningspershare estimates for the s p 500 and the yearoveryear growth that is estimated. We have come out of this earnings recession now, we have four quarters under about our belts of growth, and there is estimated to be growth this past quarter, but it is Slower Growth, as you can see, before and it acted increasing growth an expected increase
Occasionally wet start to the weekend. Improving tomorrow, but still blustery. I will have all the weekend weather and the very latest on what we can expect from storm brian, in the next half an hour. In sport. The sound every football manager dreads. Booing. Boos ring out after west ham lose 3 0 to brighton, piling the pressure on manager slaven bilic. When youre weary. The teenager who lost her love for music after the Manchester Bombing finds her voice again. Good morning, first our main story. Speed limits through motorway roadworks could be raised from 50 to 60 Miles Per Hour. The proposed changes follow trials by highways england which showed drivers feel safer at higher speeds. Jon donnison reports. Roadworks and mile after mile of Little Orange cones are the bane of many drivers lives. The current speed limit when passing through motorway roadworks is 50 mph, but highways england says that could be increased to up to 60. It follows trials where drivers were fitted with heartrat
For the first time in ten years. It begins with tax day on capitol hill after an unexpected delay yesterday, House Republicans set to officially roll out their tax reform plan this morning plus, dead serious about russia facebooks ceo, Mark Zuckerberg, promising increased efforts to police content on the social media platform and trouble for tesla, the automaker missing a model 3 production goal, reporting its largest ever quarterly loss. Right now, House Republicans and ways and Means Committee chairman kevin brady meeting on capitol hill as they get ready to reveal their tax plan. It calls for a corporate rate cut to 20. The repatriation would be 5 cash, 12 other assets, 30 of passthrough income subject to a lower rate there would be four tax brackets for individuals, the top rate remaining at 39. 6 and a phaseout of the estate tax. The journal saying that corporate will be permanent, with no phaseout although this has literally changed four or five times in the past day or two. I th