Also, later we will speak to the iea about the u. S. Shale surge. Two great guests coming up in a couple seconds. European stocks are shrugging off a little bit of the declines we saw in asia. Better than expected german data, boosting sentiment there. Some of the most powerful central bankers gather in frankfurt that is definitely what we are looking up for. The Italian Economy sure, they did not qualify during the world cup, but the economy expanded better than thought. The 10 year briefly breaching 3 for the first time in 10 years. Lets get straight to the bloomberg first word news. Chief house tax writer says he has enough republican votes to pass the tax legislation this week. Kevin brady says he does not anticipate any major changes. Meanwhile, the white house says President Trump will speak about taxes thursday morning. And the house ways and Means Committee chair kevin brady joins us at six a copy of u. K. Time. Roy moore is facing a fresh allegation of sexual assault. The form
Europe. Bloombergng, this is surveillance. These tech stocks are on the move. That is filtering through to what we are im looking at suppliers over in asia. There are definitely gains on the index, but also here in europe. We do have an opec meeting on august 7 so that is your quick market check. Donald trump was involved in crafting a meeting with a russian lawyer. It provides an account made by the president s own lawyer to exterior. U. S. Senate has confirmed Christopher Wray as a new director of the fbi. Theas vowed to defend organizations independence. Bank shifting about 4000 jobs. The bank will transfer most of its possessions from paper to berlin. Bank official declines. Thestors in venezuela riskiest bonds are the in the world. France annually have failed to find common ground. ,ccording to person familiar italy did not budge. Negotiations im ready to come back to rome in september to try to achieve an agreement before the onting of the head of states 27th of this is bloomberg
Are on this planet, you you can watch this fight. Francine good morning. This is bloomberg surveillance. We are getting breaking news out of germany. The Current Assessment for ifo, 1. 2416. This is the latest figure we got. We will bring you any breaking news. We will be speaking to the president of the ifo institute. In the meantime, this is the picture i am looking at on your asset markets. We are seeing a little bit of pause. A lot of currencies, a lot of stocks are drifting a little bit before janet yellen take to the states. Conviction inuch a lot of these european stock trading. This is what we are seeing overall. The euro falling. There was a little bit more Decisive Action in commodities where most Raw Materials climbed. 48 below 40. Thats get straight to the bloomberg first word news. Convictedlee has been of bribery, perjury, and embezzlement and sentenced to five years in prison. He was found guilty of conspiring. He says he will appeal the verdict. Hurricane harvey has str