We are 30 minutes into the u. S. Trading days. Julie hyman is to it breaking economic data. Is on consumer confidence, coming in ahead of estimates. The Confidence Index rising to about. 9 versus 125. 9, quattro points better than estimated by economists. In addition, we have the Chicago Purchasing Managers index higher than estimated at 66. 6. Very little change at this point in time, the nasdaq gaining a not muchre but movement. Lets go to a there is movement deal talk and earnings. We have a lot to talk about. Rockwell automation gassing up big as shares of Emerson Electric fall. Emerson has offered to acquire Rockwell Automation, trying to become one of the largest providers of equipment and software to make factories more efficient. They rejected an offer in cash and stocks. Emerson has now confirmed it has made an offer to buy the company. Elsewhere, we are watching earnings. A couple of companies in the Food Industry are than estimated. Kelloggs helped in part by the weaker doll
Donald Trump Campaign was in touch with russian officials who wanted to defeat Hillary Clinton. He revealed a former policy adviser has pleaded guilty to lying to the fbi about his contact with russian operatives. George papadopoulos is cooperating with prosecutors. Former campaign managerPaul Manafort and an aid charged with money laundering. And congressional tax writers considering a phase in for tax cuts. According to those familiar with the matter, they looked at a schedule that would slash Business Rates from 35 to 20 by 2022. The tax bill is that the be released tomorrow. And in spain, the Independence Movement in catalunya trying to find a way forward. Its a leader took off for belgium without telling senior party officials. They say he plans to seek asylum there. Majored has strengthened control of the Catalan Government and the Prime Minister has called for regional elections. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 coun
Counsel Robert Muellers investigation. The pair pleaded not guilty to a dozen charges including Money Laundering, conspiracy against the United States. White house chief of staff john kelly said he was not worried following the indictment. Everyone is presumed innocent and staff is very comfortable. The vast majority of the staff would have nothing to do with this kind of thing, so there is no worry about it. We been saying since day one there is no evidence of trump Russia Coalition and nothing in the indictment today changes this at all. Maria Technology Takes executives from google, facebook and twitter set to testify over the thoughtful impact russia had on the election. The latest as they spoke once than 120 Million People may have been exposed to content backed by russia. Earnings of mostert among the top names. Aetna and pfizer earningspershare top expert patients. Take a look at those stocks over the last three up 11 as the deal was announced the cvs as well. In the u. S. , loo
Itunes, icloud, ieverything, music, tv, Apple Services business, it is on fire. Ceo tim cook tells our jim cramer where he sees growth in the next three years. Its staggering. Power lunch, im going to stagger back to the lunch. It starts right now. Welcome to power lunch. Volatile session today, major averages are lower but the dow just bouncing back within triple digit losses. It could be oils plunge that really helped to send the markets lower. Take a look at the picture in crude oil down by 4. 3 . Tyler mentioned five month lows. The sector following suit. Fitbit soaring about 13 after posting a smaller than expected loss. Anheuserbusch up 5 and beezer homes up more than 10 on its strong earnings report. Bob is on the floor of the New York Stock Exchange with more. Hey, bob. Hello, melissa. This is largely a commodity story. A lot to like about stocks right now, but we talked this morning about the fact that theres a couple flies in the ointments that can make things messier. That i
Not membership in the e. U. David a ceo with monte dei paschi with the latest plans to save his bank. There is clarity and transparency now. David and half of 2017 is in the books, what is the playbook for the second half . Liquidity continues to be the main driver of markets around the world. There is inherent momentum in the u. S. Economy. Lookst credit markets pretty expensive. I do not know how you are supposed to trade in nuclear war. I am not sure i would know how to do that. David it is all straight ahead. Bloomberg best, hello and welcome. I am david westin. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Geopolitical tensions set the dominant tone this week leading up to the g20 meeting on friday, but the week began on a hopeful note for investors with the opening of a new bond link to mainland china. The longawaited bond connect between china and hong kong has gone live, it is