Republicans as he rallies support for the Senate Tax Bill ahead of a floor vote later this week. Its going to be a tremendous tax cut, the biggest in the history of our country. You have to pay a lot less tax. People have great receptivity. Weve have great spirit. I think that number will be substantially higher, but at these 4 trillion, which will immediately be put to work in this country. I think the tax bill is doing very well and i think republicans will be very proud. Maria the latest as the white house pulls all the stops to get this done by the end of the year. Marcus look like this. Dow industrial to a been a better than 30 points. Fractional move as the s p and nasdaq also in positive territory. In europe, look at the indices up again across the board. Ft 100 up one half of 1 as is the cac in paris at the third of a percent in germany. Meanwhile, in asia overnight, markets were mixed at the close reaching hack about that as is the cost in korea. Japan and hang seng flat on th
Lift off in september. The stage is set for thursdays show down. The lineup for the first debate is revealed. Coming up on the show, is apple becoming a roten stock. Well explain next. Well take a look at a Luxury Retailer looking to go public for the second time. Also coming up on the show, putting your money where your mouth is. A leading investor from index ventures explains why food delivery apps make for a good investment. Welcome to the show. Yes, this is worldwide exchange. Those comments really sending shockwaves across wall street yesterday. Stocks ending lower. In fact, appleby far the biggest drag on the dow. The worst performing stock now tracking for its 5th consecutive down day. One of the reasons we saw the nasdaq underperform. In todays trade we have a dose of Economic Data plus earnings continue to be a focal point for investors. Nasdaq up 8 points in premarket trade. The dow up just slightly. Despite the sell off on wall street over the past two days s p 500 only 2 aw
Fraught with risk. Betty we are getting breaking industrialth korea production for the month of july, coming in better than 1. 9 , year on year. Estimates, they expected a decline of 2 10 of 1 , but we see a rebound of 1 10 of 1 . The prior month was revised lower, that is what you see a bigger rebound. Nonetheless, it speaks to the same conclusion among economists in south korea that the economy continues to grow in the second half, fueled by exports as well as domestic consumption, despite all these headlines we had the last 48 hours on north korea. Yvonne that is right. The economy is still on solid footing. But you wonder, we have heard hawkish rhetoric from the bank of korea governor. Can they continue this type of language if this north korea issue is not going away . It could start riling up markets and consumer sentiment, delay investment plans from businesses. That is the key question. We are looking to that press conference from the governor. A big day today with the u. S. Gd
This is bloomberg surveillance and im Francine Lacqua in london. We are just getting some breaking news from the oil markets. Its 2017 lifting growth demand estimate to the strongest in two years. This is significant because we heard, i guess from insiders that opec, along with its allies, are also said to be discussing expanding cuts by more than three months. What does that mean for oil . The iaea says the strongest Global Oil Demand growth in two years. Brent, 54. 32. We will be speaking, right here on surveillance. In the meantime, it is time for you data check. We saw gains over the last couple days. These stocks are definitely rallying. Treasury yields are declining. The dollar snapping a two day advance. I will show you crude and the pounds, ahead of the u. K. Jobs data at 9 30. Reporter apple has unveiled its 1000 iphone, which features of rented reality and facial Recognition Technology. The company also rolled out an updated apple watch and tv box. The product announcements w
Delivery service blue apron going pub tlolic today. We talked about the ipo and the future of Online Grocery people care about quality thats why, quite frankly, Online Grocery as a share of offline grocery is a challenging thing. There have been tons of players trying to bring Online Grocery, you know, penetration up historically that hasnt been successful quality is so important. And because we run this virtualicly integrated supply train and involved agriculturally and manage our own Food Manufacturing centers and Distribution Network is one thing that allows us to offer Higher Quality food at better prices and grow the overall online share joining us this morning, good water capital cofounder eric kim as well as ydavid seeberg g to see you both. David, we know the challenges that theyre coming to market with not just the revised pricing more aggressive and also the idea they somehow got amazon a couple fridays ago how do they deal with that they got amazon look, its all about gettin