This could be the most expensive meal in history. Hello from sydney, im paul allen, this is daybreak australia. We are one hour away from the open of asia. Good morning to you, its past 6 00 p. M. In new york 5 00 p. M p. M. In new york. Over the next hour, we look at how the asiapacific trading day is shaping up. We have to look back at what happened on friday, there was both hope and fear just in the ups and downs of the trading day. You can see how it close in the red, down two point. 201 . It was lower because of what happened with mike flynn, saying he would plead guilty to at least one count of felony about lying to fbi officials, then we did see those pair of losses. We got the good that the tax plan passed through the senate. We are going to be looking ahead to what happened in mondays trading. I want to show you whats happening in terms of the Corporate Tax plan. The highest tax companies. Is the highest tax rate. You can see the fall when we saw the flynn headlines across. Sa
Is anyone actually listening in asian . In beijing . Ramy a very good morning to you. It is great to be with you on this morning in asia, sunday evening in the United States, take a look at what happened on the markets on friday. In the United States, like a roller coaster after Michael Flynn said he was going to plead guilty after lying to officials. We saw the markets up and down. Hot on the bloomberg terminal, btv 4046. The s p 500, we saw it when the news broke, that fell, but not only that, we saw the highest taxed companies in white, were rising inexorably in anticipation of the tax reform plan. Those fell, as well. David, we know what happened saturday morning here, it did we are looking, ahead to markets opening in the United States as well as where you are, to see what reaction there is. David absolutely. When you look across what is , apening over the fx markets lot of what is going to happen comes down to the dollar, when you look at the majors, decent pickup across a lot of
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Steel stocks could have a volatile ride. The press conference to announce that is at 415. Less than half an hour from equity trading this morning, what are we looking at . This morning we are very strongly did. Really latching on to what happened with the tax story. Take a look at europe this morning. 1. 23 to the upside. We were talking about this on daybreak a little bit earlier. It looks like it could underperform today. Pointing to amany 1. 6 rally. That is what we are seeing there. Friday, when europe closed, down by 1. 25 . The reason for that is that europe closed with out pricing in the tax story, but pricing in the flynn story. As we have already indicated, that is going to turn around quite quickly. Look at the swiss franc trading, down really strong this morning. The bloomberg dollar Index Trading up by 0. 5 . There are some interesting anomalies taking place out in asia. Down, kind of a bit like the swiss franc story. Copper is stronger. You may see a difference in performa