Trust and to deliver on your priorities with a parliament that works for you. A very different story for labour, asJeremy Corbyn leads his party to its worst election performance since the 1930s. He says he will stand down but not yet. The responsible thing to do is not to walk away from the whole thing andi to walk away from the whole thing and i will not do that. I will stay here until there is somebody elected to succeed me and then i will step down at that point. Elsewhere, a mixed picture for the other main parties. An extraordinary night for the Scottish National party, as they take almost all of the seats in scotland, raising serious questions about the future of the union. Given what i fear a tory government now has install for scotland, the right to choose our own future has never been more important or more urgent. The snps triumph costs the lib dems their leader jo swinson loses her seat in east dunbartonshire. Hello and welcome, from westminster, the heart of british politi
Business that logged the worst session since march of 2020. 166 billion wiped out that is equal to the entire market cap of nike and amd or disney that cloud weakness spilled over into amazon. We will hear what amazon has to say tonight after the closing bell amazon shares off from yesterday at 1. 7 . Treasury yields picked up. The 2year treasury at 5. 12 thats the key level those are good facts you gave you can find a lot of companies uccompanies. Boeing ibm. Ge to lose that and still be worth a lot is the good news and bad news maybe good news and bad news morning. Uaw and ford reaching a tentative deal to end the sixweek strike. Phil lebeau is joining us with details coming out overnight good morning reporter good morning, andrew the final push for the deal was this week after the uaw called for more strikes ford earnings were set for thursday they finalized a deal. It kaulscalls for a 25 hike foe several four and a half years. There is more Profit Sharing for retirees here is shawn
Europe up more than 1 , benchmark yields relatively stable around 1. 29 futures point to a strong open as tax reform rolls through congress. We did get the meg amerger, cvs health is buying aetna it is the largest deal. Broadcom taking First Step Towards a hostile takeover of qualcomm 11 nominees to qualcomms board. Futures rallying after the Senate Tax Reform bill was passed Early Saturday Morning. Next up is conferencing the house and Senate Versions of that bill. Republicans expressing optimism, theyll get a final bill to the president s desk by christmas and a lot written over the weekend suggests theres more similarity than differences. I think where we were midday, the report that caused one the suspension of brian ross, and a belief that nothing could happen and the senate could fail, we got a classic tip down 350 points it turned out to be once again an amazing buy opportunity and now, a lot of analysts will be stuck raising numbers i say stuck because theres so much people who
Traders barely blink but on the underpricing the risk . A merrier christmas than expected. Beatlothing chains sales projections. Is the british consumer down but not out . Lets talk about these markets. Lets figure out we can expect here in europe. It was a solid story in the United States. Maybe we saw it started to be pricing in in europe. Looks like the dax is going to open reasonably positively. Ftse is going to have a fairly solid start as well. Indicates we could be out for 5 on the beginning of trading. The question is, will miss fed see lighter volumes today . It did become the story yesterday here in europe. Lets give you some details. The s p pushed on towards the back end the session yesterday. Yesterday in dollars trading down a little bit. Heres was happening in the commodities space. Some of the metals coming off. Oil remains a story at this time. Lets move you want to the next move. Gold is trading up around 3 10 of 1 . Copper is trading down a little bit. Copper is trad
Following the successful trading session in asia. Mifid ii, 15 minutes into the trading session, there was 25 less volume ban on the 30 day moving average. Looking at your dollardollar, unchanged. Tle bit at 2. 7 my 10 year yield . Well talk geopolitics and south and north korea talking. Coming up on bloomberg surveillance, we will be speaking to Lucy Macdonald, chief Investment Officer at lianzl equities and al global investors. Twe also discussed the new financial law. And Daniel Morris also joins us at 10 00 a. M. Lets get straight to the bloomberg first word news. Nejra u. S. President donald trump has responded to kim jong uns latest threat. Trumps remark on twitter came that kimw arne warned the u. S. The Nuclear Button is always on my desk. Earlier trump claimed his peonts to pressure th pyongyang were having a big impact. According to white house officials, trump met with Vice President mike pence and members of his National Security team to discuss the protests amid liberation