Aerkst prompting the retailer to turn its focus online. Shakeup in the skies. The airbus ceo, tom enders, announces his exit with the coo stepping down as well from troubled planemaker. And President Trump says the disney fox deal will be a great thing for jobs as ceo bob iger tells cnbc its a consumerfriendly tieup. Theres risk associated, whether you look at the price or the regulatory side or whether you look at the complexity of integrating companies this size. That risk was well worth taking on good morning, everybody. It is friday tgif lets see how the picture is trading in europe this morning we had a bit of a weakness over in the u. S. Trading session overnight. Dow jones and s p both ended the day lower after hitting intraday highs. Still some concerns about the tax bill being passed in congress, but well talk a little bit more about that later. And nikkei also did struggle in the overnight session, down despite Strong Manufacturing data the picture in europe is grim, stoxx 60
Without the increase in a child tax credit. And the African National congress, the anc elects a new leader this weekend. We will speak to the head of the South African not this at goldman sachs, colin coleman. Matt we are less than a halfhour away from the start of cash training. We are standing literally right next to each other. Take a look at the futures here. I have this green. If you flip the futures off, you can see that they were indicated to open down when the equity trade starts in 29 minutes. Take a look at treasuries. Guy mentioned what is going on with the tax reform debate in the u. S. , and that will affect a lot of asset classes, but none more than treasuries and the u. S. Dollar. This is a threeday chart of the 10 year yield. The are hovering around 2. 36. We have come down a little bit. Will people buy or sell, and if they do, what will they do with that cash . Guy . [laughter] guy lets talk about what is happening with the gmm. Canada and china are having a bad day. T
Legislation. Matt and mickey under the microscope. Disneys 52 billion from fox. The president of the United States has already called to congratulate Rupert Murdoch. The fcc rolls back net moving themoves, power to broadband companies. Good morning and welcome to bloomberg daybreak europe from the city of london. We have breaking news from airbus. Airbus sees no further mandate beyond april of 2019 and the coo is going to step down in february of next year. In just three months time, big changes at the top of airbus. We will continue to cover this story for you throughout the day. Once again, tom enders is going to step down after his mandate ends in april of 2019 and Fabrice Bregier will leave at the beginning of next year. A lot going on on this friday and you are going to want to watch treasuries as the tax reform debate continues. Manus told you, once a larger child tax credit. Donald trump says he is sure rubio will vote for the legislation. Treasury yields up by one basis point.
What a good morning this is. Day, christmas coming early for the American People. The house and the Senate Working together, putting aside all different is with one clear of active, making sure the American People are heard. Making sure that Small Businesses have an opportunity to grow. We have seen a tremendous victory through this process and it is because of committed leaders behind me and trusted with the, events of their voters to bring orth a tremendous victory. I am thank we are led in the senate by leader mcconnell who has done a fabulous job of cats, all working in different directions, together for one or this together for one purpose, to serve the American People. [applause] sen. Mcconnell thank you. This is a happy day indeed for the middle for the American People. We have used the examples of eagle parents making 41,000 a year getting a 73 reduction in their taxes, but its not just on the individual side. I am pleased to see americas corporations ending up almost immediate
Benefits of tax cuts of bonuses, higher wages, more hiring in more investment. Its the great corporate pass through. More announcements are likely. Tax cuts showing positive economic results. Democrats are still making some very dubious claims. For example, nancy pelosi says raises taxes on 86 million middleclass families. That is factually wrong. It is dishonest political spin. The left plans a yearlong allout attack like about when you just saw. Investors clearly approve however the tax cuts and what theyll do for economy for wages jobs and investments. Stocks going up this morning. We dont know how the market closes this afternoon, the president and his top economic adviser both talking up the market today. It will open high gear. Later this morning, Congress Holds a tax plan signing ceremony and you will see it. Varney company is about to begin. We will start with this. A white suv plowed into a crowd of pedestrians in melbourne, australia. We want to know who did it and are the au