See for donald trump. To learn starting about what the Trump Administrations plans are. We go to our chief washington correspondent. We argued a reporting about this budget outline and when it may come out. Take us through that. Later today, the white house is respected to release a twopage summary of President Trumps proposal. This comes one day before President Trump addresses a joint session of Congress Tomorrow in prime time where he will lay out his policy proposals. Imt of the sources speaking with want more specifics. Heres what i can tell you so far. For the cut spending state department and the Environmental Protection agency, but it would boost military defense spending. We have reports that they may trim back their expectations of growth. That is something terribly important to people watching this program. What is behind that . Precisent have a reason for that estimate. That would perhaps show a slight reassessment this administration has in the economy. Economicput through
How much more short can the market be when it comes to the pound . The risk off trade very much highlighted in sovereign bonds. The 10 year german bund in negative territory for the first time ever. Move, we the flagship all waited for that move down to subzero on the german 10 year. Alix in the u. S. You have treasuries down at 2010 lows but where is that money flowing out of . Russia, spain, italy. Jonathan in crude, softer session again. Alix it has been days when we have seen this risk off trade for commodities. A similar story with copper, 2. 03 a pound. Money is coming out and pouring into those safe haven assets. Jonathan the Brexit Debate dominating the conversation. I want to bring you around the world for indepth coverage. Today it is all about rex it. London, matts in miller in berlin on subzero yields on the german 10 year first ever, and matt boesler on the fed meeting. Guys begin by bringing in johnson and matt miller in london and in berlin. For pauls, three Different Co
Rights to the resources within its borders. China claims territorial rights to 80 of the south china sea. Global news 24 hours a day powered by 2600 analysts and more than 100 20 countries. Im mark crumpton. Emily im emily chang and this is bloomberg west. Amazon prime day a couple of hiccups right back memories of last years online reviews. Can they deliver on their global sales bonanza . Plus google underwater . Its not the only player looking to the seabed for faster service. We will dig deeper into the subsea cable industry. And the u. K. Unplugged . Writtens decision to checkout of the eu stokes fears of a major tech exodus . We will ask oracle ceo mark hurd for a fiction. First to our lead amazon prime lead. New numbers on the lack of success on amazon prime day. Sales were similar to last year. Sales in u. K. Are up 12 . Shares of the everything stored shares of the everything stored dipped earlier in the day on reports of lackluster numbers. The Second Annual oneday sale event
Well get to race and the gop in just a moment. But first, the latest on the supertyphoon in the philippines. Officials say the storm may have killed as many as 10,000 people in one town alone. Another city reported 300 dead and more than 2,000 missing. But the death toll is expected to keep on climbing as rescue crews reach remote villages cut off by massive flooding. Officials say at least six of the islands in the philippines were seriously damaged when the typhoon brought winds of more than 170 miles an hour and 20feet storm surges. In one province, the storm destroyed 70 to 80 of all structures in its path. And the provinces capital city, tacloban, has been devastated. And thats where nbcs angus walker is this morning. Reporter this is tacloban airport, which was completely destroyed by the supertyphoon. Its now a place where thousands of people have come, hoping to be rescued and the filipino air force is flying in, transport aircraft taking people away. The old, the young, the si
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