President trump talks down a military response. Ab inbev is said to be looking for a valuation half what it originally sought rate asian unit as we worked delays its ipo until at least october. The case against Boris Johnsons brexit plan. The u. K. Prime ministers suspension of Parliament Comes under scrutiny in the Supreme Court starting today. Good morning, everybody. Less than a halfhour until the start of the European Equity trading day. This is the picture on european futures. We just came down a little bit in the expectations for the start of the trading day as far as the london and the german markets are concerned. The French Market looking more resilient. Weakness coming through in the Asian Session. Geopolitical tension, of course, in the aftermath of the weekend. Lets have a look at the gmm and show you where we are. Down 1. 7 on chinese markets. Hong kong markets also leading the fall. This is where the weaknesses is coming through. Some numbers be expectations from singapor
A lot of people will be relaxing lot more and gets into this complex mission. This is going to take six hours to get everything deployed into three different orbits. A very complex mission. Elon musk said it is the most complex mission that spacex has done so far. I cannot hear what you are saying from the sound of the rocket. I cant take my eyes off of it, it is mesmerizing. Talk to us about what this means for elon musk. This has been such a pet project of his. Spacex is performing incredibly well. This is more of the military side of things. They have this Successful Program to deliver payload to the International Space station. This is falcon heavy. Rockets attached toit taking people potentially mars missions. It has been used so many times before. It is an important step for the longerterm. I am sure elon musk will be hoping this mission goes incredibly well and they are able to successfully land the ande components factors take that falcon heavy for it the program. Manus good to
Cut. Also ahead, a rough morning for Health Insurers. Medicare investment rates come in short of expectations. Ge shares have been up sharply. The company now completing its final split by spinning off its Power Generation business. Ge aerospace ceo and larry culp and ge fernova scott stray sikh joining us a little later. We mentioned the tenyear going back close to 4. 4. This started with the ism data yesterday. Its constant. You look at it, just drips and drabs. The market is reacting in a curious way. Yesterday the nasdaq finished up. I thought that was incorrect. These are the stocks that should be getting hit, david. I do think this is a very important moment in the market because we had for dot ten about ra rates. Well, we did yesterday. A mistake for the nasdaq to be up . What does that even mean . I mean if rates go up, you want to sell the high multiples you also want to keep an eye on the companies that have a debt stack that needs to be refinanced. There were hopes at the ea
We are looking at industrial metals, the first down day in nine sessions. The emerging markets index climbed for the highest and about three weeks. Euro strengthening against the u. S. Dollar despite the likely passage of the tax reform plan. Gold gaining. 1 . David lets find out whats going on outside the Business World and for that we turn to emma chandra. Emma today, Congress Begins the final step toward the biggest inrite of u. S. Tax laws three decades. House republicans are expected to easily pass the tax bill and the senate is likely to follow later today or tomorrow. The measure permanently slashes the top rate of tax for business to 20 1 . O 31 35 in washington state, federal investigators say an amtrak train was speeding before a fatal the realm and. According to the data, it was going 80 Miles Per Hour in a 30 mile per hour zone. At least 30 people three people were killed and several others treated at the hospital. The train was making its first run along a new route. A tou
Theresa mays government, who has said they will leave the market. And the british economy on a mixed note for the quarter. Construction fell the most in 18 months. The trade deficit did shrink, but it was not enough to keep the shortfall from widening in the quarter. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im emma chandra. This is bloomberg. Julia live from bloomberg headquarters in new york. Im julie chatterley. Scarlet im scarlet fu. Joe im joe weisenthal. Julia we are 30 minutes from close of trading. Stocks are heading for a weekly drop. A touch of volatility written into the markets. Joe what did you miss . Scarlet china opening the financial system, even as some investors have lost interest. Is it too late . And in washington, the Senate Finance tax bills could derail hopes of tax reform before the end of the year. They are clashing on everything from the number of tax brackets to the timing of a corporate cut. An