Is. Our objective is to get it on the president s desk by december to get him to sign it this year. Well work on this as fast as we can but theres no artificial deadline. As i said all along, this is a pass fail exercise and weve got to get it done to create Economic Growth and create a competitive business system. Maria the optimism hitting 23,000 yesterday for the first time. Indicating another rally at the start of trading this morning. The market will not quit. Update quarter of a percent of the market. Take a look at the indices look like this bird once again come to europe a cue from the u. S. Caci pass a percent. Dax in germany up two thirds of a percent. Asia overnight markets mostly higher as well. China the country kicking off its 19th National Congress of the communist party. A major impact on everything from u. S. Policy to chinas approach to north korea as it shapes the leadership for at least the next five years. Ibm does by reporting its 22nd order of declining revenue.
One that moved stocks, if not the markets themselves. Theres one stock on the move today, apple, another all time high. You know, josh, this is becoming a recuring theme. Market opens, apple hits a new high. Qs hit a new high. Heres whats interesting about apple that i dont think a lot of people have proseccoed. Apple made a market cap all time high in february 2015. And then even though price continued higher eventually, its not until friday that apple repeated and made a new market. Thats because of all the buybacks, so it really took two years for apple to become worth more than it was in february 2015 and now were through that level, 790 billion, the most astonishing thing i could point out, this was a stock that is now up 31 year to date. Far outpacing year to date anything going on with the dow, s p, people thought this was a consensus. It will do what the market does. Very, very far from it, my friends. Wyche, this is becoming get in the way of this at your pe l peril. You came
Criticizing germany. He says the u. S. Has a massive trade deficit with germany and the germans pay far less than they should for nato. President trump says it is very bad for the u. S. , but it will change. In berlin, indias Prime Minister says his country has made a quantum leap in economic ties with germany. He spoke after meeting with Angela Merkel. He says the two leaders are made for each other. Global news 24 hours a day, powered by more 2600 journalists and analysts in more than 120 countries. I am emma chandra. This is bloomberg. David donald trump called his first foreign trip a home run, but some in europe saw it differently. In europe,ion rally Angela Merkel suggested that europe might not be able to rely on its stead fed you steadfast United States. She returned to that subject today. Ourur chins anemic transatlantic relationship and the statement i made recently is due to the fact that in the face of the present circumstances we have additional reasons for us to realize t
Good friday morning. Welcome to squawk alley. Here with me at post nine none eisen and jon fortt is at one market in san francisco. Busy, busy news day. Got some breaking news actually out of the Federal Reserve. Lets get to the elon moy. They expect to reduce its Balance Sheet sometime this year, and it said Monetary Policy remains accommodative no new hints on its plans for Interest Rates Going Forward however, this report does point out that inflation has softened some in recent months, and the fed also said that lowwage growth remains a concern this report was put together before the june jobs number came out this morning now, this is a 59page Monetary Policy report that fed chair janet yellen will deliver to congress when she testifies on capitol hill next week one thing that it points out is the role of Monetary Policy rules and the feds decisionmaking process. That has been a flashpoint among the fed and republican lawmakers. The fed says in its report that the u. S. Economy is
People when the Malaysian Airlines flight was shot down over ukraine three years ago today. And the lingering question why has no one and prosecuted been prosecuted . Brent i am brent goff. It is good to have you with us. We begin tonight in brussels, where negotiations about the United Kingdom leaving the European Union has entered a second more serious round. Separation talks, now divorce proceedings. They were together a few weeks ago about discussing a timetable. But now the more difficult process of reaching agreement on major Sticking Points has begun. We have this report on the day s events. Reporter for these politicians, the real work is only just beginning. Four days of negotiations are scheduled here in brussels, and no one expects them to be easy. I look forward to our negotiations this week. We now delve into the art of the matter. We need to examine and compare our respective positions in order to make good progress. For us, it is incredibly important we now make good pro