Fear. Good morning. This is bloomberg surveillance funds. Ill talk hedge we will also talk markets. Check, the dollar is extending its rally. Of optimism over the health of the u. S. Economy. Also optimism on the tax cut plan President Trump put in place. Stocks are a little bit mixed. There is not much change. Pretty much flat. Investors are trying to assess the implications of the tax proposals. Your at a in europe disadvantage. We will get deeper into that. Ere is nejra cehic they are looking to capitalize on a boost in his approval ratings. Therenk of englands should be good news for the u. K. Haldane said he is among the majority of dealmakers. A reduction may be warranted. Uks Civil Aviation authorities have launched action for specifically misleading passengers about information about their rights following a wave of cancellations. It is part of a consultation that will last seven days and could take legal action if necessary. Mark zuckerberg has defended his company after donal
We have quite a lot going on in the markets. We are getting breaking news out of china. Reserves are little bit above estimates, but in mind what what we were expecting. But in line with what we were expecting. Onto your markets. The turkish lira. A Senior Member of the Catalan Party calls for dialogue with spain. Lets get straight to the bloomberg first word news. Heres sebastian salek. Sebastian a senior republican senator has said Donald Trumps reckless threats towards other countries could set the nation on the path to world war iii. President treats it often like a reality show. His support will be critical to the president on tax reform. After a massive rally in barcelona over the weekend, a the catalanr of Administration Calls for dialogue with madrid. The catalan president vowed to press ahead with his independence strike. Angela merkel has a great to an annual cap for migrants into her country. It is the first policy fallout on the recent election. She had previously resisted
Letsthings first, quickly check on your markets. First of all, i wanted to have a look at the yuan, this is on the back of what we heard from china. Stocks in europe in to be drifting sideways a touch. I think investors are trying to figure out what the next catalyst is. Draghi is due to speak today. And then, the independence claim is tomorrow. N, that thats the bloomberg dollar index, up a touch. Heres nejra cehic. Reporter donald trump claims tax reforms would be worth 4000 a year for the average american household. He asked for help so he could give the country the best christmas president of all. Today are business tax rate is 50 higher than our average economic competitor. This is a giant selfinflicted economic wound. Reporter the u. S. President has said he plans to choose from amongst five finalists to be the next Federal Reserve chairman and will make his choice soon, before he leaves for his 11 day trip on november 1. With canadawound up and mexico rejecting what they see as
Welcome to bbc news. Pro unity demonstrators are gathering on the streets of barcelona, as the Spanish Government continues to take powers back from catalonia. Catalonias leadership was sacked and the regions autonomy was revoked after it declared independence on friday. But madrid has said former Catalan Leader Carles Puigdemont will be free to take part in new elections in december. Sarah corker reports. Spain is gripped by its biggest political crisis for a0 years, and the standoff is excalating. On friday, catalonia declared independence from spain. Madrid responded by imposing direct rule and sacking the entire catalan government. But its deposed leader, Carles Puigdemont, says he isnt going anywhere. Translation we do not deviate, we continue persevering in the only way that can make us winners without violence, without insults, in an inclusive way. But in madrid, thousands of people turned out on saturday calling for national unity. The Spanish Government has announced new elect
To dateline london. Im jane hill. This week, we discuss an extraordinary few days in spain, whats next for catalonia . And in china, is president xi jinping preparing to rule well beyond the usual 10 year term . And what could that mean for all of us . My guests, celia maza de pablo, from la razon, Stephanie Baker from bloomberg news, thomas kielingerfrom die welt, and the ceo of china dialogue, isabel hilton. Welcome to you all. So, what an extraordinary period we are witnessing in spain. The catalonan parliament voted to declare independence on friday, prompting the government in madrid to strip the region of its powers, remove the catalan leader, and fire senior police. Fresh elections have been scheduled for december. Demonstrations for and against independence went on into the night, with doubtless more to come. Celia, what is your reading . What on earth happens next . This is completely an unprecedented situation. On one hand, we have a region of spain declaring unilateral indep