61 points. Whats happening across the pond in the european markets, and its a mostly lower day as you can see. The ftse bucking the trend up one third of one percent see where Interest Rates are heading today and theres 236 on the 10year and crude is holding there. The road map starts with the largest proxy fight ever Procter Gamble shareholders deciding whether nelson peltz should get a seat on the board plus, the e commerce play, walmart remodeling stores andaging digital experiences and betting online sales will grow by 40 honnywell, shares rising after they spin off the home and transportation units front and center, Procter Gambles annual meeting getting under way. Shareholders whether to give nelson peltz a seat on the board. He has been seeking changes and p g officials are opposing saying their Growth Strategy is on track of the lobbying on both sides has been intense sara eisen will have exclusive interviews with nelson peltz and Procter Gamble ceo, david taylor first, jim cra
Expected machinery data as the nikkei hits the highest level since december 1996. And at least 17 people are dead and thousands of buildings are destroyed as a series of wildfires rage across Northern California good morning glad youre with us on this wednesday. Its the morning after we heard that speech from mr. Puigdemont in the Catalan Parliament it was a climb down. Yes, he did say the country or the region wants to go for independence, first he wants to go back to madrid and start talks. Whether that will materialize is the big question the reaction in the market is mixed. We are not seeing a huge rally on the stoxx 600 yes, were seeing a rally on the ibex 35, but its not transpiring into a much bigger risk on rally in the rest of europe were down when it comes to the ftse 100 the cac 40 lower to a quarter. Once again want to draw your attention to the ibex 35. Its up close to session highs, up by 1. 25 . This is after catalonias leader Carles Puigdemont stopped short of declaring
Manufacturers up for a Third Straight quarter as exports drive expansion. Haidi chinas latest hong kong connect starts today, giving overseas investors access to the 10 trillion debt market. Beijing taking aim at washington after the pentagon sent theyve or shipment to disputed waters. Half an hour away from bond connect. The whole idea is to connect the world through hong kong, sending the northbound traffic to this 10 trillion bond market, corporate and sovereign as well, in china itself. What do we have . The idea is we have this big premium over china debt over u. S. 10 year debt, and hoping this will create demand, pushing yields down as we see that you cap balloon gap balloon. Of 120 five basis points difference between what you get in terms of yield in the u. S. Compared with china. Thats right. We are looking for the onshore rate as well as the dim sum bond and forstart never ring the chinese bond premium to start normalizing as well, closely correlated to money market rates. W
Capital. Happening right now, President Trump giving senators both a prep talk and beattodown, too, r not getting the health care over the finish lime. Eamon javers is at the white house. Eamon. Reporter thats right. I can tell you that we know some of what he has said to these republican senators. Hes gathering them here to talk about ways forward on the Obamacare Repeal and replace effort which was all but dead earlier this week. Today the president says he wants to continue to push forward. He says ultimately that we have no choice. We have to repeal and replace obamacare. The best option is repeal and replace even though the president suggested early that maybe the best option was to repeal obamacare and wait to replace it until sometime in the indefinite future. Today, the president saying that obamacare was a big lie. It was a lie directly from the president. That was from president obama. He also says that he thinks the senators should stay in town until they have the opportunit
But his wealthiest donors, not so much. 24 Trump Supporters on the billionaire list have seen their fortunes rise6 10 of a percent since the election. The s p 500 is up almost 15 since then. His wealthiest supporters including donald bren, where a combined 16 billion. A senior russian diplomat warning against expanding sanctions against north korea, saying it is necessary to focus on a political settlement. The Deputy Foreign minister said that the scope of sanctions already endorsed by the u. N. Security counsel is such that any possibilities of expanding measures have been exhausted. China and russia have called on the u. S. To suspend annual military exercises with south korea in exchange for pyongyang halting their missile and nuclear tests. Minister saysior some men suspected in the deadly attacks in spain visited the paris area two days before hand. Speaking images along with in major along with the interior minister, they said that officials are working to determine why the susp