See for donald trump. To learn starting about what the Trump Administrations plans are. We go to our chief washington correspondent. We argued a reporting about this budget outline and when it may come out. Take us through that. Later today, the white house is respected to release a twopage summary of President Trumps proposal. This comes one day before President Trump addresses a joint session of Congress Tomorrow in prime time where he will lay out his policy proposals. Imt of the sources speaking with want more specifics. Heres what i can tell you so far. For the cut spending state department and the Environmental Protection agency, but it would boost military defense spending. We have reports that they may trim back their expectations of growth. That is something terribly important to people watching this program. What is behind that . Precisent have a reason for that estimate. That would perhaps show a slight reassessment this administration has in the economy. Economicput through
Well talk about banks and glencore. And the deputy leader of Angela Merkels party. If you have any questions for any of them, you can send them to us by the ib function. Use tv go function and click on ib show functions. Be sure to do that. First of all, this is what the data is telling us. Stocks are dropping on the final day of a good quarter. This is the picture overall for global stocks. It is what i would call a blockbuster quarter. Investors seeing little reason to take shares higher amid a little bit of political and economic uncertainty. We are expecting a News Conference from the finance minister of south africa. I want to show you rand. 1346. 29. The vix index a touch side. Astian south koreas former President Park has been arrested on bribery charges three weeks after she was ousted. A Court Granted the warrant citing concern that park could destroy evidence. Park has denied wrongdoing. U. S. National security adviser Michael Flynn is willing to be interviewed inquiring into
The republicans have said fbi has not provided enough details about the probe. Cnn cut ties with donna thezeale, who is currently interim chair of the democratic committee. She apparently only allegedly gave clinton answers for questions. U. K. s ambassador to the called his Company Country a major stakeholder in the u. K. And the Company Country must put improve communication. The british spy chief warns that russia is an increasing threat to the u. K. The director general Andrew Carter said that russia has active agents in the u. K. And is pushing Foreign Policy through Cyber Attacks and subversion. It is the first time a chief has given a newspaper interview. In china there are new questions about the next generation of leaders. A Senior Communist Party official says there is no set retirement age, calling into question who will step down when the president reshuffles his leadership next year. Usually the communist party has retired officials age 60 and over. Global news 24 hours a
Minutes into the trading day in the u. S. Julie things are looking a little bit worse than one hour ago. We have negative buys and stocks are relatively unchanged, but you can see the trajectory going lower. It is more easily seen if you look at the futures so you can see the rolling over that we saw going into the open into the cash trading session we bounced a little cash trading session. And weced a little lower have seen yields had higher. The manufacturing data coming in slightly ahead of estimates and we globally have a little bit of a bounce in yields today as chinese manufacturing data, better than estimated. We have selling of bonds globally. Bloombergp on the shows out dish chose how this is playing out on stocks because groups like utilities and telecoms had relief yesterday as yields went down. Now that yields are backup the stocks are back down. That is what is pulling the stocks overall lower. Some of the individual movers include coach and some of the other luxury makers
Down by a full percentage points. You have to say, what is happening on the continent, the pain more acute in mainland europe. David we were looking at this before, was you put this in the same and once you put this in the same currency, rebates, everything going into the dollar, and you will see why this next board is important. The town has been battered pound has been battered, down by over 8 . That does not look as dramatic. And this was have been in the market swiss have been in the market. At. 07 and we got down on the dollarthe yen, trading down by nearly 4 . Jonathan bring up the bonds. Yields on treasury grinding got to alltime lows. Points on the session. And for me, you spoke earlier, the idea that they could use lose a triple Credit Rating in the United Kingdom. This is down 33 basis points. We talked about it being more acute on the continent. I believe it is down 12 basis points, 20 basis points on a 10 year yield right now. David it is a sovereign, so the effect is much