The back of extra stimulus on the ecb. The dax has bounced. Weakness in the euro we are looking slightly red leaning into the other side. Banks at the top a lot of earnings around, too. As investors react to corp rates. In terms of in the basket itself, some bright spots for the likes of dior, lucxotica basic resources as well, a negative reaction to glen cores numbers trading down 2. 3 . Some of our viewers are particularly interested in glencores numbers health care trade weaker by 1 3 of a percent another talk in the basket around exxon mobil volkswagen technology, 4 10 north big week for apple we had some orders over the weekend. Markets responding hoping that the iphone x will be a bit of a bonanza for the industry youve seen tech globally pick up on that industry. Right here in europe some of the supplies telcos in the banks, it is the spanish names out in front, the likes of sabideau bbba going on for the ride, too. Spanish banking names lead the charge in terms of what we have
President trump was elected, and his most important piece of legislation hangs in the balance, tax cuts. And well hear from one republican congressman why hes voting no. First, one of the biggest deals of the year between at t and time warner, worth about 85 billion, could be in jeopardy following pressure from the department of justice after a series of threats from the Trump Administration lets bring in our own Andrew Ross Sorkin who helped break the story, he joined us on the the fast line. Andrew, whats the latest . Reporter a back and forth now turning into a public spat between at t time warner andth doj. What were hearing now or what we heard originally was that the companies were trying to or that the companies were in touch with the doj and the doj had said look, the only way the deal is going to go through is if you sell cnn and the turner assets or you sell directv. That was something obviously that at t and time warner have thus far been unwilling to do, they felt the deal
Cost at 1. 7s the trillion over 10 years. The study is based on last ands version of the bill amendment added 160 billion to the cost. In an exclusive conversation, Steve Mnuchin discussed his support for tax cuts. Our strong preference is that the Corporate Tax rate starts next year. We look forward to working with the senate as the details come out. Federal judge has issued a gag order in the Paul Manafort case. The judge has part all parties from making statements to the press or public that might influence a jury. Thanl news powered by more 100 to journalists and analysts in 120 countries. This is bloomberg. 30live from new york, we are minutes from the close of trading here in the united states. After theixed even surge in tech stocks earlier. The question is, what did you miss . The china in washington, the spotlight is on the senate. Republican senators expected to reveal their bill tomorrow. Machinecas drilling keeps on rolling. Production rising over the next few years within
Awkward. Trump makes his debut at the g7. It could mean the leaders will not see i die. Check out the handshake. Matt . The question is, what will the leaders be focused on during the talks today . Will it be Climate Change, immigration, free trade, or will it be dominated this g7 about talks of counterterrorism . Donald trump made the call during the nato meeting in brussels for his other European Partners to step up their contributions to Angela Merkel said maybe we will catch up by 2024. Of course, you have the u. K. And u. S. Breaking their relationship on intelligence sharing, at least when it comes to the manchester attacks. How much can they get done, and when can they start to talk about migration, which is why italy located this meeting here in sicily. It is right smack in the middle of the mediterranean sea, where the refugees would normally come across in boats and oftentimes have to be rescued here. What will be the focus of conversation, and what will get done here besides
Us who say there are still stocks worth buying at these levels. Well tell you which ones coming up. The dow is up nearly 9 . The russell up nearly 15 . These are the kinds of numbers that make for a great year. With the feds decision tomorrow we look at whether investors are paying more attention. By the way, in case you havent heard the ceo of exxon mobil has been chosen by donald trump as next secretary of state. We are wondering what that move could mean for the future of the oil giant coming up later this hour. Lets start with dows run at 20,000 and nasdaqs push into record territory. Bob pisani is tracking action on the floor of the Stock Exchange and Courtney Reagan is at the Nasdaq Market site for us. Talking about this rotation. November industrials, materials and banks giving way now to new sectors of the company like consumer names. There is nike up nearly 2 . Didnt have a great november but doing pretty well now. Drug stocks, swing around to the right and let me show you her