We did see a little bit lower. Julie i think the black screen behind you was reflective of the mood. That is what they are trying to convey after the headlines regarding the Corporate Tax rate cut. Already, there was some riskof sentimentsf risk off sentiments today and that sent stocks to the lows of the session. As welle of the majors as the russell 2000 now at the lows following the headlines. There has been a lot going on overnight. There were some gerbils and the japanese market, european stocks fell, there were some jiggles europeanpanese market, stocks fell. The u. S. Dollar also a late lower after we get the headlines. They came back up and then dipping again, down about. 25 . That have been something to watch. , we haveof trustees the bloomberg showing other proxies of the tax cut right here. The russell 2000, which we just showed, which has been sideways, lower over the last month or so, then we have the s p 500 in yellow, which has been mostly distant until today, and then f
The future for the banking world and the political escape. The exclusive conversation at 9 30 a. M. London time. In the meantime, lets check on your markets. This is what i am seeing. A lot of the talk will be on burberry after the company put out an announcement that maybe was interpreted in the markets. They didnt see anything worth buying the stock. It is down here in europe. The european stocks taking their cue from quite a volatile session in asian markets. The dollar flat. Treasuries flat as trump challenges china over unfair trade practices. Ere is nejra cehic nejra in the u. S. , republicans on the house ways and Means Committee ames to aims to release their tax reform bill later today. Speaking exclusively to bloomberg, Steve Mnuchin stressed how crucial getting tax reform through is to the white house. This is the president s most important domestic agenda item. We are going to get this passed. The objective is to get it to the president s desk in december. Nejra the uks gove
This is bloomberg surveillance. Final trading day of this week. Next week is a shortened trading we cure him london because of the main bank holiday. May bank holiday. Also on track for the Third Straight monthly advance, which is the best run since may 2016. Investors buoyed by the first round of the french president ial election on sunday. The next one is next sunday. Strolling up against the dollar. The best run since december. Highest since september last year. The best run for a month, also gaining for a second month. Gdp data at half past. That stopped sterling in its tracks as gdp comes in line with estimates, relative to the prior quarters. Today gdpr could see the economy expand at 1 annualized. Historically, the First Quarter has been week. Will the rest of the year make up for it . Will there be a shutdown, to name one issue . Trumps tax plan renegotiating. Geopolitical risks. Crude today is up, below 50 after a rally in the first half of april. Oil is set to end the month b
It is down because net income declines and secondquarter operating income missed. An operating lost expected in the Third Quarter. Negative headlights as amazon continues to grow and powershares crippled to down a can someone percent. European banks in the spotlight in europe with lowball the theme. 70 increase in secondquarter profits for Credit Suisse and ubs, core equity tier one ratio the story which fell meaning there may not be a lob pass left over for a potential buyback. Eley banks still getting their house in order. Jonathan a man wearing the biggest smile with the stock up to several huge interviews on bloomberg tv, including from the Credit Suisse ceo and just daily, the berkeley berkeleys chief to. The republican attempt to scrap obamacare has collapsed in a earlymorning vote. John mccain and two other republicans. 48 democrats to block a strippeddown repeal bill and the Senate Majority leader pulled the measure from the floor and said it is time to move on, they would have
Tion . Function,s your another leg lower on the tobacco news, driving down b. A. T. And imperial brands. Look at the currencies, all rising against the dollar in the wake of the gdp data out of the United States with bonds, commodities, and stocks on track for their second weekly decline. The earnings season continues in earnest with shares in adidas jumping as much as 9 , the biggest gain since 2008, passing through three standard deviations. That is what this chart shows. Record high for the shares of adidas, increasing revenue and profit forecasts helped by strong sportswear sales and the brand streamlining that includes the disposal of its ccm hockey business and benefiting from booming demand for retro shoes and a steady stream of new models. The major bread a hot commodity in the United States, helping to regain ground, it had earlier loss to nike and capitalizing on a growing middle class in china which is adopting a more active lifestyle and Strong Demand for more fashionable s