Peace process. The president s announcement could have serious ripple effects on the world even the pope is weighing in recognition of jerusalem is the news from the president of the United States. This marks a departer from democratic demonstrations of the past here they continued to keep the embassy in tel aviv not moving into the touchy question of what the status of jerusalem ought to be the administration will not move to jerusalem immediately they said the process will be kicked off by the president of the United States. It could take some period of time, possibly years before an embassy is built in jerusalem and the site located and security put in place and the Embassy Opens and begins functioning in jerusalem the president is expected to recognize that it is the capital and that is expected to touch off reaction among palestinians who very much view East Jerusalem as the capital of a palestinian state. We will see what the president has to say here at the white house in a coup
Seeing broadbased gains here. The cac 40 in france up 4 10 of a percent. The dax in the green as well. The ftse 100 up higher by 6 10 of a percent. Italys ftse underperforming slightly. It is pretty much flat. Overall you are seeing a lot of green on the screen. Assetshave a look across at how this is shaking out. A lot of green with the equity space. Space, we were seeing dollar weakness earlier, but it has recouped some of those losses. What that means is that sterling is on the back foot having gained earlier. The euro has also given up some of the games from earlier, trading flat at 12288. It has not moved much despite the fact that mario draghi have been speaking before the european parliament, answering questions as well. He did say that the fx market did warned some attention, but overall he has been treading a neutral stance when it comes to growth and inflation in the eurozone. Lowerlds generally move in italy outperforming more than the corporate in the metal space more than
All that in the next 60 minutes. Julie hyman is here. Julie we were on the air when they got those headlines from north korea, that the foreign minister from north korea said President Trumps comments over the weekend about to a declaration of war. Stocks have taken a leg down and have done really recovered. This is slightly unusual because most of the rhetoric coming up over the past two months has not seen a reaction from stocks, however, the word war has not really been bandied about. We have seen the nasdaq in particular taking a hit, down 1 . It had already been the worst performing of the three major averages. In terms of other assets, are we seeing investors be riskaverse . Yes, indeed. U. S. Treasurys going down by three basis points. Gold catching up a bit, up half a percent. The dollar euro are lower against the japanese yen. Vix still below 11 at this stage. Elsewhere, we are looking at the continuing fallout from the echo equifax hack. And analyst has said that this progres
Million. Iraqsave closed across kurdish region. They vote in support of independence. It is not expected to be resulting in independence anytime soon but it was held as historic by kurdish leaders. Official results are expected tomorrow. Global news, 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Live from bloombergs world headquarters. We are 30 minutes from the close of trading, u. S. Stocks are falling as tech gets hit. The question is what did you miss . The u. S. And north korea get more heated. The u. S. Has declared war on it. A triple threat of bankers, mario draghi spoke today, janet yellen follows a suit in the coming days with a dozen other officials in between. The price to see Bruce Springsteen on broadway could set you back 10,000. Can you guess who is getting scammed . What did you miss . Divergent tests. Pats. Sts. They are trying to boost inflation. The u. S. Federal reserve announced to the return to no
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