This is the final estimate. The earlier estimate was 56. 2 as well. The euro area pmi rising to 57. 5. The preliminary, 57. 5. Across data, flooding the eurozone today. As upn see, stocks are trading lower today, down for the third day surrounding optimism for tax reform in the u. S. Dying down. Before we look at sterling against the dollar, down by 2 3 f 1 , yesterday we were up 0. 5 . yesterdayp by 0. 5 and today we are down by 2 3 of 1 . Today talks will continue to get a conclusion of these talks. Nymex crude oil is down by 0. 4 . It rose by 1. 7 on friday before Government Data forecasted crude stock piles decreasing for a third week. A busy, busy day coming up on surveillance. We are going to speak to Stefano Domenicali later. Well get the outline of the Aviation Industry later. Trumps travel ban takes full effect while legal challenges go forward. It hands a victory and suggests the court will ultimately uphold the restrictions. The president can now restrict muslim basedx count
In a power unit, part of john flannerys turnaround plan. This is stock down 44 . Year to date, worse than 2008. Is enough tothis encourage investors ahead. Bitcoin is amazing. Over the last two days, bitcoin taking out several round numbers. Over013,00014,000, now 15,000. That, david. Bitcoin continues. Futures trade next week. It. Id mini is one word for lisa another work. [laughter] david insanity, i dont know. Morning brief. 8 30, we will get job claims. At 9 45, Bloomberg Consumer comfort data. 11 30 this morning, President Trump will meet with republican senators. Later in the afternoon, he will get together with members of the congressional leadership. Thats all coming up later today. Sign up for our daybreak first take, where we discuss the first stores of the morning. First up is tax reform. Orrin hatch is saying there is a drive to set the Corporate Tax rate of 22 instead of 20 . We will turn brexit with theresa. Ay, another proposal wildfires raging in Southern California. Jo
That is one thing you might want to know. The other thing i was talking about, and this concerns hong kong, have a look at the hong kong dollar. It does seem that is a big spike up. Dont forget, two things. It is a pet fed currency. We export Monetary Policy from the fed. From them Hong Kong Monetary lookrity earlier, when you at these rate differentials, expect this to start moving towards the weaker part of the trading range. If i take this back to 2004, you will know what i am talking about. Unless the fed continues to normalize, expect the slide to move closer to 785. Into how all of the Central Bank Action we have seen, i am joined out of gapore by mike cudmore mark cudmore. So far, a fairly eventful day, given the fact that we were expecting the fed to do it anyway. What stood out to you . Dovish fed,e seen a a dovish reaction. Some people in the market were betting that with so little priced, it is expectation that there will be a rate hike yesterday, three hikes for the seemed
We are looking at industrial metals, the first down day in nine sessions. The emerging markets index climbed for the highest and about three weeks. Euro strengthening against the u. S. Dollar despite the likely passage of the tax reform plan. Gold gaining. 1 . David lets find out whats going on outside the Business World and for that we turn to emma chandra. Emma today, Congress Begins the final step toward the biggest inrite of u. S. Tax laws three decades. House republicans are expected to easily pass the tax bill and the senate is likely to follow later today or tomorrow. The measure permanently slashes the top rate of tax for business to 20 1 . O 31 35 in washington state, federal investigators say an amtrak train was speeding before a fatal the realm and. According to the data, it was going 80 Miles Per Hour in a 30 mile per hour zone. At least 30 people three people were killed and several others treated at the hospital. The train was making its first run along a new route. A tou
Recovers. No one knows why. The question is was it all the algos . Emma chandra is here with first word news. Vladimir putin will have one less opponent in march. Russian officials formerly formally barred the Opposition Leader from running because of a conviction in a fraud case which has been viewed as political retribution. He could have run if his conviction had been canceled. A Spokesman Says the kremlin is concerned about the possibility the u. S. Might extend sanctions against russia. That took effect in august calls for the treasury to compile a list of business asders of the Companies Seen close to the kremlin as potential targets for sanctions. Last week the u. S. Added the names of several prominent russians to the list. Almost a year into Donald Trumps presidency the border wall he passionately promoted throughout his campaign amounts to eight prototypes. No more than 30 feet long each in the desert outside san diego. No funding has been appropriate by congress to advance t