I am paul allen in sydney. We have some breaking news right now on south korea. We are awaiting the bok decision. Industrial output for october, down 1. 1 in industrial output month on month. Year for october, down 5. 9 . Expectations were for a continued rebound in industrial output. Not great on year, so news at all for the south korean economy, industrial output had been on the rise of wing to the export of electronics and other items. Have a bit of the damper may be countering some of the opinions that the bank will raise Interest Rates this morning. We will introduce more uncertainty in that decision. Markets seem to have priced it in. We will wait and see what happens when we do get the results of the bank of korea Board Meeting later on. Running ints up and the asiapacific. Lets take a look at new zealand. Off. 3 . The kiwi dollar little changed against the greenback. Trading just getting underway and australia. Not too many stocks online at the moment. We are seeing a little bi
Passing yet another milestone in a year that has been full of them. In fact this is the fifth 1,000point move in the blue chip index this year, the first time thats ever happened. Investors enthusiasm has been driven by the prospect for tax reform. Strong corporate earnings, and a growing global economy. The Dow Jones Industrial aver advanced 331 points today to 24,272. The nasdaq added 49. And the s p 500 was up 21. And on this last day of november, the dow logged its longest streak of monthly gains in more than 20 years. Bob pisani has more on the dows run through 24,000. Reporter it was another banner day for the stock market. Stocks roared higher on this final day of november with the dow smashing through the 24,000 mark to another high. The dow had its best day of the year. Buying picked up steam early in the day when senator john mccain said he would vote to support the senates tax bill, boosting its chance of passing. Small cap stocks would benefit the most from a tax base. The
Washington and the leadership in some parts of the republican party, particularly the senate, and that is what is driving him. Want afterward senate and 9 00 p. M. Eastern on cspan2 possible tb. Now, to the house and Senate Conference meeting on tax reform. Committee members talked about the two tax reform bills passed separately out of each chamber. Good afternoon, everyone. I am deeply honored to tear this Conference Committee, the first Tax Reform Conference Committee and 31 years. And to be here with all of you as we move forward with this historic effort. Before i deliver my opening remarks, i want to take a moment to welcome everyone to discuss the format of todays meeting. I would also like to thank all of the members of congress trying us today from both sides of the capital, and both sides of the aisle. I also thank all of the members of the house and senate and our professional staff who have worked so hard on tax reform for the past several years, and in particular, the memb
London. These are the people that we are going to speak to shortly. Dalioversation with ray is coming up shortly from china. We will be talking to Standard Chartered chief finance officer after it they said that they want to give back to shareholders and focus on dividends. We were gaining a touch on the stoxx 600. At the moment is pretty much unchanged. A lot of the impetus on the stocks will be what we hear from from washington, d. C. The u. S. 10whether year yield will go above 3 . Now lets get straight to the bloomberg first word news. The European Union will tomorrow challenge theresa may when it publishes a dropped brexit treaty. According to a person familiar with the matter, the bloc is said to set out in legal detail how the terms of the transition period will go. U. S. White House Communications director is scheduled to be interviewed privately to date by the House Intelligence Committee, which is investigating russian interference in the 2016 election. According to house off
House republicans rushed through a disastrous Health Care Bill that would leave average new mexico families paying thousands of dollars more for less healths coverage. It would destroy the Medicaid Program as it currently exists in our state, and though our through our entire Healthcare System indicators. Nelson republicans are drafting their own version of a similar healthcare bill incomplete secret behind close doors without come with absolutely no, not bipartisan input. This lack of transparency and departure from regular order, its unacceptable and it is deeply irresponsible. Especially when every single American Families Health Coverage is at stake, if this bill ever becomes law. While we dont know for sure s what Senate Republicans version of trumpcare will look like, media reports say that it is shaping up to look more and more like a train wreck of a bill that President Trump and housear republican celebrated in the white house rose garden just a couple of months ago. A bill th