Angela merkel could be out of office by next year. Its not the most likely outcome, but it is possible. Thatin that in itself is extraordinary. This is why the pressure is on. Since the election, the chancellors cdu party has been trying to form a coalition with the liberal fdp party and the greens. Well, the fdp has pulled out of talks. Ms merkel has now told german broadcaster zdf she does not rule out new elections and is ready for a new candidacy, and that shes reluctant to form a minority government. Broadcaster asks, what now, and they may ask. The election in september delivered a shock. We knew that the block she led at its worst result in almost 70 years. It still has had the biggest number of seats in the bundestag, but it only had two clear routes to a majority. One work with the social democrats, but they dont want to, so thats out. Martin schulz has been clear he doesnt want to do that. Or two, work with the greens and the free democrats. But, as weve now seen, Christian L
Good thursday morning, welcome to squawk alley. Im Carl Quintanilla with john fortt. Julia boorstin joins us for the hour at post 9 sara eisen is off. A lot to watch today the dow breaking through 24,000, now up, intraday record and strong day for the nasdaq, too getting news john mccain is on board regarding the Senate Tax Bill of course, it is the last trading day of the month joining us, dan morgan, senior Portfolio Manager. Before that, elon with more on mccain senator john mccain is a yes on the tax reform bill he had been one of the key undecided votes on the republican tax plan, but he said in a Statement Today that though this is not perfect legislation, he does believe that it will grow the economy and add more money to the pockets of middle class families this is key for republicans. They also got a boost when Lisa Murkowski of alaska said she would support the bill, as well, so the only two vocal holdouts appear to be senator ron johnson and senator susan collins, so it look
Senate mcconnell has promised as a doc a bill and amendments will come up in a fair way when it comes to those issues on immigration and very soon paul ryan has promised no such thing paul ryan says he will bring up issues to the floor if donald trump would sign them and thats a hard line and im glad hes sticking to that and steve are there any details on the infrastructure number i know that theyre talking about including that in there but if you heard any numbers. No i remember you and i after the state of the union discussed that it will probably come down to two hundred. Two hundred Million Dollars from the federal government and a lot of subsidies now theres been no specifics that ive heard about thats not true theres so i think six sixty three billion for opioid abuse and eighty some odd billion for a military spending so there are some numbers i have not seen a number for what you just alluded to as far as infrastructure and do you i mean with the debt ceiling thats a big deal i
In the meantime, this is what im looking at. The euro having a little bit lower. Spain continuing to be on edge after its Prime Minister moved of thethe authority region. The nikkei up 1. 11 . Sent thees election region to elect to a record. Thats your market check. Lets get to the bloomberg first world news. Catalan separatists are meeting today to formulate their response. Catalan president is set to be ousted, but he vowed to fight on. His allies are signaling he could be declaring independence this week. Rex tillerson is calling on european allies to support new sanctions on iran. He is warning that companies doing business with tehran are doing so at their own risk. He was in riyadh for talks trying to bolster a new alliance between saudi arabia and iraq. Saudi arabia has rebuffed his requested in the fourmonth isolation of qatar. Mays efforts to get brexit legislation through parliament has hit a low new load lock new roadblock. Political political fragility was underlined by the
A look at where european equities are trading, 30 minutes away from the end of the wednesday session. Stocks rallying across the board. The stoxx 600 up for the fifth day. August the 10th 2015. The gauge still 4 below the april 2015 record. All of these currencies are falling against the dollar. We are awaiting the fed and the next fed chair nominee. That could happen maybe we are hearing in the next day or two. We will see if that the two realizes. Lets shares were lower and recovered most of their losses and now they are up. 3 today. Expect Earnings Growth to remain at the same paste. Same pace. Fighting to insulate newer therapies for the from the pressures that hit the u. S. Market. By thekely to intense pressure of the chief executive grappling with lower prices in the u. S. And increasing competition since he took the reins at the start of 2017. Shares are up today. House prices in the u. K. , house price growth remaining stuck in a relatively slow gear at the start of the Fourth