At whatstake a look going on in to those brexit talks. The pound is up by. 2 . Stronger dollar story throughout the day and dollaryen is up to. 6 . 58 basis points. Thats really steep. Time for the morning brief. Ahead. A look at the week today theresa may is scheduled to meet with Jeanclaude Juncker. Then social democrats hold their convention. Congress has to act to avoid a Government Shutdown and we are also going to get on friday u. S. Jobs numbers. Big week ahead. Topics tax, u. K. , cvs buying aetna. The talk on the talk shows was all about taxes. Had towhat the senators say. When you heard the president say we are very close to the finish line you know he has wanted a 15 right from the beginning. Is parted to a 20 rate of the discussion. The house as a 20 right now. We are happy with both of those numbers. If something small happens in conference that gets us across the finish line we will look at it on a casebycase basis. Business tax all the way down from 35 to 20. It could be
Tax reform in particular im not so sure about that. A lot of the analysis being done by various independent institutes have found that the impact on u. S. Gdp growth next year will be fairly minimal. Talking about maybe 0. 2 , 0. 3 whether the reduction in the Corporate Tax rate increases, helps to increase investment is a moot point certainly Many American corporates are cash rich we know over the last couple of years theyve been using that cash to buy back their shares, which helped to elevate u. S. Equities its helpful make no bones about it but whether it can help sustain sort of growth rates that President Trump is looking for, 3 , 4 , its interesting to note the 3 actual outturns surprised many market economists whether that can sustain momentum going into 2018 is questionable you think optimism not so much political posturing definitely yes i think equity markets like any tax reduction. Theyll hope that any Corporate Tax rate cut finds its way into dividend increases but were en
Also for the white house who did issue a very good session into the u. S. And asia. A similar theme in europe, strong open for stoxx 600, opening up 0. 4 stronger lets take a look at individual bourses. The picture is very positive this morning ftse 100 up almost 0. 2 . Xetra dax, cac starting the day off on strong footing. In europe we get the flash cpi at 10 00 in the morning. Thats expected to dip from1. 5 to 1. 4 . The picture is positive. You can see every single sector is in the green. Its a tremendous start to the day. Autos leading the charge thats surprising given the auto numbers in the uk were quite weak overall that sector has been in the news the past couple of days a lot of an cysts are rerating some of the key chips in that sector to buy. It looks like the outlook for autos is positive. Healthcare is also up 0. 7 the laggard this morning i telecoms, struggling to keep pace with the other sectors. And retail continues to lag a bit. Of course we did have those super weak e
Warm welcome to Worldwide Exchange this friday morning on cnbc im wilfred frost. Im seema mody in for sara eisen today. Good morning to you. Good morning to you lets check in on the Global Market peicture this morning. A day of gains, up slightly resounding week to kick off the year it looks like it will continue the dow up 61 points nasdaq 23. S p up 5 in premarket trade. Yesterday financials played catch up having lagged the market for most of the week. But for the week as a whole, energy the clear winner with oil prices rising. That sector up 4 in the s p tenyear treasury note for youful yieyou. We started the week in the low 2. 4s, ending at 2. 456. The 1,000point run weve seen in the dow is the fastest in history look at asian equities, japan seeing its biggest oneday gain in over a year you can see here on friday closing higher by nearly 1 . Softer gains in hoping congress and china, but still stocks there moving to the upside the kospi up better than 1 on the day. In europe, the
Midnight today eastern time to make their voices heard. That is when the Public Comment form shuts down. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Emily i am emily chang in this is Bloomberg Technology. Coming up, hints at an ipo. We will break down the plan for uber after the new bots meets the troops. Plus, apple goes all in on the touchscreen and the home button becomes a thing of the past as the countdown to the next big iphone event begins. We have the inside track on the biggest design changes in iphone history. And Warren Buffett sounds off on tech. Berkshire hathaway chairman and ceo speaks to bloomberg tv. We cover his biggest regret the Tech Industry and what industries are still ripe for disruption. First, the worlds most viable startup could be going public sooner than we think. The incoming uber ceo met with uber employees wednesday and says he thinks the company should go public in the nex