Weve got something bigger in store for next week. Meantime track how much money youre making by the minute with the bitcoin bug via coinbase right now on your screen the other big story this week, disney closing its deal to buy parts of fox Michael Burns is here to weigh in on the media mayhem could his company be the next target first, what all the wall street is waiting for, tax cuts. Were moments away from the release of the tax bill. Lets check in with eamon javers in d. C. For the latest reporter hi, melissa the big reveal coming up at 5 30, people waiting to see whether particular measures got in or out of the final bill, released at 5 30 eastern time. There were major developments today including two key senators who came off the fence and said theyre going to vote yes. Thats marco rubio who apparently got much of what he wanted or at least enough of what he wanted on the child tax credit, and senator bob corker who was the only no vote in the senate last time around, hes a yes
The european markets were down a couple minutes ago. They are pretty much back up. It seems the feel good factor in u. S. Stocks have now petered out somewhat. Im looking at u. S. 10 year treasury yields, pretty much a picture of stability. The dollar off the trade bound. The dollar, gaining a touch. Coming up on bloomberg surveillance, we sit down with luca paolini, the chief strategist at Pictet Asset Management. Thewe will also break down saudi budget with the director of Economic Research at the Gulf Research center. First, lets get straight to the bloomberg first word news. Sebastian uber has lost the battle as it differs from traditional taxes. The car hailing app should be regulated. The eu court of justice ruling, think of the president sentting. British officials fear spain will threaten to veto, if negotiatey fails to with madrid. It has been in british hands since, 1713 but spain could make a claim over the land. To the u. N. Assador nikki haley is pressing other countries n
Have great admiration and respect for. We are keeping america safe and President Trump is completely capable of working alongside as an leading us in that effort. Spencer joinsrd Industry Leaders to discuss new innovation and technology. This was part of the Reagan National Defense Forum at the at the reagan president ial library in simi valley, california. This is an hour and 15 minutes. [applause] hello, everyone. Good morning. Its a beautiful day, such a beautiful place and a very important time for many, many reasons. We are here today to talk about the challenges that the Defense Industry and our government of thes a result pressure from wall street. How does that Quarterly Earnings report affect the ability of our government to innovate and protect us. Question and an important question with lots of ramifications for years to come. Here to discuss this and attack this problem, we have the executive director of era Space Investments jpmorgan. He is the wall street guy who is basic
End of the tuesday session. We are up for the second day in three today. Basic resource stocks are falling. Oil stocks are falling for the first day in 10. Earnings driving the rally in the u. S. We have the worlds biggest maker of highend chocolates today missing its already reduced sales growth target thanks to poor demand in north america. It said it was optimistic for the outlook. It did confirm its midterm target. Completing the acquisition of russell stover, the biggest maker of boxed chocolate. The third biggest producer in the region. Shares have lifted by 3. 5 today. Lets talk about the correlation between the euro and euro zone stocks. The negative correlation between the single currency and eurozone stocks to the lowest level since early august. Bottom line is the negative correlation. Not as low as it was. Interesting growth momentum is the most important driver of aggregate earnings. Goldman sachs expects a 1 interest in gdp weighted according to sales exposure. Adds 11 ba
An hour or two off makes a difference . Its like a new jet lag every week think about that the three day weekends yesterday kaley was up early. That kept me on track. If you go to bed early ben franklin. 7 to 8 hours, instead of getting fancy i thought you were going with the early to bed, early to rise. It sounds like youre getting a little bit too how does this guy know . If you get 7 or 8, youre great. God bless you if youre getting 7 to 8 now youre saying it has to be this time i can call you early on weekends if youd like lets look at u. S. Equity futures. Its been a huge year already, just two trading weeks in. Look at this this morning, futures are surging, dow indicated up by 267 points s p futures up by 17 nasdaq up by 14. This comes after last week where the dow was up 507 points. Nasdaq up by 1. 7 . Gains across the board with the dow, nasdaq, s p 500 and many other indices result ending at alltime highs its continuing again this morning. Hard to try to get your arms around