Good morning welcome to Worldwide Exchange. Im wilfred frost. Lets get to the markets quickly. We are higher in the premarket 16 points or so on the dow about 10 or 11 points on the nasdaq s p up 2 yesterday we did see the s p and nasdaq up about 0. 1 the dow led the charge it was up about 0. 3 in terms of trade in europe, broadly mixed. Asia is first. Sorry. Strong seconds ssion in asia. No real data or catalyst, but we are nicely higher. 1. 9 for hong kong european trade not as impressive its a mixed session its improved, as you can see in the last 20 minutes or so. The dax ended higher yesterday despite Angela Merkel saying she prefers fresh elections to governing as a minority leader, which feels like a gamble. The tax is higher today. The markets in general shrugging off the german Political Developments of the past couple of days. Back to the top story. The u. S. Justice department filing a lawsuit challenging at ts proposed acquisition of time warner. Leslie picker has the detai
Missile launch there the last hour or so lets get to eamon javers at the white house to sort this out for us eamon . Reporter were expecting to hear from the president in the roosevelt room at the white house. We dont know what topic hes going to be speaking on. This is a moment where theyre allowing the press pool to come in to a previously scheduled meeting. That meeting was going to be with democratic and republican congressional leaders, but after the president tweeted about the Democratic Leaders earlier this morning and said he saw no hope for a deal with them, the democrats backed out of this meeting. The republicans are still tae attending. The white house says the invitation is still open for the democrats to come to the meeting. You can expect well see a few empty chairs in the meeting where nancy pelosi and Chuck Schumer would have been sitting. The president might address that in his remarks to the press pool which is waiting to go in as we speak. He might also talk about t
South african politics members of the governing anc begin to vote on a new leader who will likely become president in next years election. A very positive morning across europe so far when we look at equity training. The stocks at 600 up nearly 1 right now a lot of green across the board. Lets take a look at the specific markets action across the continent. The foots see up 1. 5 . The cac ka rant in paris up and lets take a look at the specific sectors that are driving that positive movement this morning we can see from across the entire country the sectors, lets take a look at the numbers as they come through coming very shortly. Waiting for that foots see action there very slightlyup more than half a percent. Lets talk about whats going on in the United States so talking of taxes, President Trump has defended the 1. 5 trillion expected in cuts that could stem from the new tax reform bill. He said the economy, meanwhile, is going to, quote, start to rock the bill will create jobs and
Judicial review in general. At about ones personal feelings about a case, ministers should not choose a legal challenge that has no reasonable prospect of success. It is right that public bodies can be held to account for their actions through due process of law and are specificallyjudicial review. There has been significant public debate about the possible basis for a legal challenge in a case like this. It has been speculated there are two grounds open for me to challenge such a decision. It was one of which no board could reasonably have taken that they were significant failings a nyway that they were significant failings anyway that the decision was taken. The barfor a judicial anyway that the decision was taken. The bar for a judicial review to succeed is very high. The test for deciding if a decision it is unreasonable as not simply that the decision makers, in this case the pa role decision makers, in this case the parole board, could have made and turn the decision. But that no
Big. It was broad. After a big run mp thisning stocks pulled back when special Counsel Robert Mueller indicted several russian organizations and individuals for allegedly interfering with the 2016 president ial election. But the decline was grief and the dow and the s p posted the sixth straight day of gains. The dow rose 19 points to close at 25,219. The nasdaq fel 16 x. The 500 add one. Mike santoli takes a a lookt what could test the market next. Reporter the stock markets impressive comeback this the st week has been almost enough to make investors forget the shortharp drop that we preceded it. Its now up morehan 2 for the year to date. As encouraging as the rebound habeen investment strategists say there are a few tests ahead of the market that will signal whether stocks are back on stable footing. Stocks initily recover one half to 3 4 of the ground lost before faltering again. The s p 500 is in the zone where it might be expected to stall out if this pattern were going the secon