Today. Alix a really exciting couple of hours lined up. The theme is Capital Markets. They will be talking about mifid, regulation, tax reform. To help highlight that, i will be joined by david solomon, coceo of Goldman Sachs. Jonathan i want to know who at goldman wants to move from london to frankfurt. Alix nobody. Jonathan nobody i have spoken to. Alix i am asking him that. That is my last question. Jonathan lets get up to speed on the markets. Futures are firmer as we end the winning streak on the s p 500 in yesterdays session. We pop higher. In the fx market, the euro showing a little strength, up 0. 1 as we march toward Mario Draghis decision. In the treasury market, 2. 40 on the u. S. 10year. David thank you so much. Thats get an update on what is making headlines outside the Business World. Emma chandra is here. Emma the Chinese Party has elevated president xi jinping to the same status as mao zedong. It would give xi more power to enact policies after crucial reshuffle tomorro
Lets quickly check on your data. Overall, european stocks seem to peaks. Ing for two year the Dollar Strengthening and u. S. Treasury yields are inching higher as President Trump arrived in korea for a two day visit. Nejra in washington, the house tax Money Committee began four days of work to hammer out the details of the republican tax cut plan. House republicans adopted a package of changes, including a measure to limit the socalled carried interest tax break. This promoted serious reactions from democrats. U. S. President donald trump has vouched for saudi arabias leadership after the anticorruption crackdown. He tweeted, i have great confidence in king salman and the crown prince of saudi arabia. They know exactly what they are doing. Fourl, 11 princes, ministers and dozens of former ministers and willem businessman were taken into custody. U. K. Retail sales fell the most in seven months in october, indicating caution amongst consumers weeks before the crucial Christmas Shopping
This is Francine Lacqua on bloomberg surveillance. We have a great exclusive interview with Benoit Coeure, the it was the ecb member. The exclusive ecb member. Mark, what does the data look like . Mark we are low today, quite a losing run for the stoxx euro 600. We saw a big selloff in Technology Shares in the u. S. On friday. Sterling, not as big a decline as we saw on friday in the wake of the inconclusive election result on friday, which sent sterling down 2. 5 . At the end of the day, sterling is down by 1. 6 roughly. Investors are looking ahead, mean for shortterm versus longterm volatility . U. K. 10 year field has barely changed today. It fell three basis points on friday. Investors weighing up what the election means, weighing up against data. We had weak consumer data today. The boe this week, wage data. And gold also falling for the first week in five last week, marginally higher. The fed expected to raise rates this week against Political Uncertainty. Thank you, makr. Lets g
The euro stocks. Gold not catching that much of a oilin the commodity rout in david at 8 00 a. M. Eastern time, european leaders begin a twoday summit in brussels. They will discuss security, defense, migration and jobs. At 8 30, we get data for jobless claims in the United States. Powell speaksme on fostering Economic Growth. Later today, the Federal Reserve releases the results of part one of its annual Bank Stress Test coul. Jon Prime Minister may is set to meet eu leaders in brussels for the First Time Since her disastrous election. Expected to outline how britain will treat eu citizens after it leaves the block. Walk us through the orchestrated theater of this particular summit. At this summit, they will be talking about a lot of issues that wont be the main focus. Security obviously is a huge issue for the eu. They are all waiting for theresa may to propose exactly how she plans to deal with eu citizens that live in the you can post march of 2019 the u. K. 2019. Rked of 20 march
Amazon prime day a look at the Ripple Effect amazon is having on consumer goods companies. By the way, the shares of the company slightly lower in the session, and battle of the home echo wars. Goggle and amazon are slashing prices on their devices. 50 or more in some cases. And its its the final countdown. Were gearing up for big reveal of americas top state for business we are anxiously awaiting the result, and we will bring it to you later on closing bell. You probably saw scott cohn reveal that georgia was number two a little while ago reporter but we knew he wasnt in georgia. We knew he wasnt in georgia. We just dont know where he is right now, but well find out here on closing bell today lets begin on capitol hill where our ylan mui has the hills reaction to the emails released by donald jr. In relation to a meeting with a russian lawyer who claimed to have damaging evidence against democratic president ial candidate Hillary Clinton. Reporter Senate Majority leader Mitch Mcconnel