1. 4 hang seng was up, and the kospi up in europe, things are relatively flat. Dax is down. And the cac is weaker. Crude oil prices on a tear this morning it is up again with wti trading. Can i say hello to everybody. We havent been all together awhile, kind of nice comfortable pair of loafers im wearing sneakers today. Theyre more comfortable than loafers. I dont feel like you have to do much to look better i can come in. Sneakers and no socks this is like sweatpants, when seinfeld wears sweatpants, youve given up. Let get you to the morning headlines. Heres whats going on in Corporate News peltz fighting for a board seat at prak tore and gamble. Theyll launch a proxy battle. Hear about it within moments my expectation is hear about it coming across the sec with a filing in a moment the move would make p and g the largest to face a proxy contest. Last week they rejected the request to name mr. Pelts a board member he is one of the biggest shareholders, second biggest roughly holding 3
Forident opens the door elections in 60 days. They favor a softer approach with north Korean Leader kim jongil and kim jongun. And the creation of a Missile System that china opposes. Powered by more than 2600 and analyst in over 120 countries. Im mark crumpton, this is bloomberg. Julie live from bloomberg World Headquarters in new york. Joe we 30 minutes close of trading in the u. S. Julie gold on its longest losing streak and five months. Joseph colon the question is, what you miss joe the question is, whatd you miss . Julie we break Labor Force Participation and wage growth. We look at what to expect from the fed over the next year. And Top Republican senators suggest the august deadline for a tax plan may be. Debate overow the repealing obamacare is putting constraints on the yes on addressing taxes. Now lets look at where the major averages stand as we head towards the close. Abigail doolittle is handing by. Abigail we are looking at modest gains for the major averages. In the dow
Has not had much luck with Health Reform i doubt they are talking about moving onto tax policy but there is the deregulatory portion of the president s agenda that could go ahead without congress. Today, you will be signing an executive order to roll back obama era energy orders. Here is kevin cirilli. First and foremost, President Trump is going to completely reverse the former administrations Environmental Protection policies. Has approved he several pipelines that he says will create job growth. However, he also has upset the environmentalists. Al of that said, it has been busy week on capitol hill as the investigation into the potential russia meddling into the u. S. Election continues, particularly in the senate. Officials are going to testify. David as much as we would like the president to be focused on tax reform, it seems like he is distracted by russia repeatedly. The honesty tax reform issues, there is another deadline looming. Markets may have to react to that. Tell us abou
About the danger Marine Le Pen poses. Political risk. The victory of marina le pen in france would be impermanent Political Risk to europe. I will talk brexit, italy, donald trump and the reflationary trade in the United States but first things first. This is what were looking at overall. Want to spend time looking at the pound because yesterday article 50 was triggered. Today we are expecting some sort of white paper ahead of the bill. Global stocks retreating a touch. Critics spending its rally. European stocks not changing much. We are not seeing a lot of movement and pound. Yesterday we did see it drop lower. Losses later in the day at 11. 36. Two guilds in front of the treasury in the next couple of minutes. The chinese president will meet with donald in florida next week according to the news agency. The meeting will be the first between the leaders sense trump took office. Regularlyresident has highlighted grievances with including the u. S. Trade deficit with china and charges
Eking out a ss gain. Gold pretty much goes nowhere nd oil relatively flat, but under 50 a barrel level. House of to the forons introducing the plan brexit. The European Union. E will monitor it for the headlines and bring them to you as they develop. Want to bring in simon kennedy. In the last 24 hours, how has this moved forward in a any shape or y in form . I think the big take away is europeans said before yesterday, they continue to say after it. If you thought there was a the , if you thought europeans werent serious about arious issues, refusing to discuss the tray deal before the divorce was settled, yesterday of a wakeup call. Across the region from angela the Eu Council President the message was, were onna sort out the difficulties first, the divorce, the budget border ow to have a between the two islands. All these issues. Ones were not discussed. Would prefer to discuss them deal. A trade the new trade deal is going to have to wait. Simon, trying to make this approach. A ble