The deduction for state income tax, thats a very big deal, look like its gone. Deduction for property tax, probably stays. Middle america gets help and so does business and 1 does not. Apples profit after facebook, amazon and microsoft, warning, dont disappoint, investors would slam apple and maybe the rest of the market too. It was the profits, huge number, 575 billion. Thats how much the value of stocks went up in october. Wow, indeed, ashley. Thats how a rally translates into dollars and cents. And then theres the federal [laughter] stuart i knew it was coming. Federal reserve, a new chair to be announced today. We are told it would be jarome powell, thats the judge, by the way, the most powerful banker of the world. We will leave it at this, powell raises Interest Rates slowly. Got it. [laughter] stuart done. Varney company is about to begin. Because of the sanchez success. Here is a ground ball, right side could do it. The Houston Astros are world champions. Stuart there you have
Compete on a fair and equal basis. We are not going to let the United States be taken advantage of any more. I am always going to put america first, the same way that i expect all of you in this room to put your countries first. [applause] liz President Trumps straightforward talk had a standing ovation for his speech today in vietnam, where he again said goodbye to the days of chronic trade abuses, the u. S. Will not tolerate it any more. The president again said he does not blame china, but he blames prior administrations including obamas for bad dealmaking. This as the white house unveils a major trade reset with china and the rest of asia. Look at this with china 37 major deals in the u. S. And chinas companies totaling more than a quarter trillion dollars involving Companies Like boeing, honeywell, ge, caterpillar all to get jobs back here at home and cut back on that 350 billion trade deficit with china. And this as the new report says the chinese are having praise on the preside
A smart new home could be introduced to this month. We have world coverage on daybreak asia, we will go to beijing for the Morgan Stanley china summit. Towill speak exclusively chairman and ceo gorman. Trick does apple have up its sleeve with this new home device . We will have details. This is daybreak asia, from bloombergs asian and american headquarters. Yvonne it is just after 7 00 a. M. Here in hong kong. Cpi breaking news from on the money. 2 for the month of may. A slight take up for the month of april. Core cpi is one to watch. We have been hovering around that 2 level for much of this year. The core cpi, which excludes oil and agriculture coming in at 1. 4 . A little more tame it. You have to factor in the low base effect, low Oil Prices Last year. Prices should stay up for some time. On the domestic side, demand is subdued. Should keep the bok on course to be accommodative. We will see how korea acts in an hours time. We start a new trading month in june. In new zealand, were
Like well get a positive open, but things reversed yesterday. Financials in particular. Europe you ask, jim, you didnt, but ill show it to you. All five of the big markets. You can see spain is the only loser thus far this morning. Continued strength in the euro markets. Eurozone look i think that draghi im not kidding, no conspiracy theory, keeping the euro lower. Theyre not happy with our president. A lot of unhappiness in a lot of places. Our road map starts with President Trump, as he is expected to withdraw from the paris agreement. The major names opposing the decisions and what elon musk said hell do if the president does withdraw. One of the companies by the way hewlettpackard coming up. Well have ceo meg whitman. Shell join us in an exclusive interview. The earnings which were reported after the bell yesterday. Opaque somewhat given a lot of a good word for it. I said difficult. You have to understand opaque is even more by the way its auto sales day. Out this hour, ford and g
Called a white hot center of resistance to amazon Market Domination as the attempt to put all players owed of business. And sometimes lean on those friendly publishers and those that are not only detrimental through those independent booksellers i think amazon is a culture keller vs. A purveyor inerrant jollity to buy 89 book because it is a great book but the tissue should pay full price for a book never pay a discount because it is damaging to the book businesses to do the hard work and harpers magazine is very much engaged in the fight for grooming independent media and thought. And that continues the pace to close at the outlets which like this one aimed to foster a democratic debate. In to become a center for discussion and if you buy the book of lowprice we can keep doing that. So now i get to do two things. I am n a a journalist diane of a c0 not that level but instead want to remind you that cspan is covering this event. And then just wait to be handed the microphone. So those