I think it will be a pretty polished sort of thoughtful speech as opposed to just offthecuff. There is a lot of anxiety. You may have detected it already about the kind of tone that the president is going to strike. What kind of tone would you like to hear from him . I think hes basically economically focused. With theconsistent World Economic forum. He has spent a lot of time in that area whether its on tax reform which was successfully and whether its getting rid of regulations and other things to boost economic growth. I dont know what is in this speech. I would assume there will be a bunch of time spent on those and the goodness that can happen when you get an economy growing at a much faster rate than we did for the previous eight years. Erik blackstone is a global investor. You travel the globe almost incessantly. Is there a risk to the president and the United States if he were to beat the America First drum too loudly . I think it has been pretty loud. I dont know that you coul
At 1. 9s coming in billion. Investment banking revenue at 1. 3 8 billion. We will discuss later in the hour. Well get Goldman Sachs. David time for the morning brief. We will give you you as production data. The greek Prime Minister will be visiting the white house today. There will be a joint News Conference at 1 30 this afternoon. At 3 00 we will get an idea of how the fourth round of nafta investigations have gone on. President trump will deliver a major policy speech on tax reform tonight in washington. Thats coming up at 7 30 this evening eastern time. In the u. K. Data came out showing the highest inflation right in more than five years in september. Increasing the odds for boe policymakers to raise rates for the first time in a decade. Earlier this morning mark carney reiterated the bank expects inflation to peak above 3 around october. After the data came out the pound raced in advance. Hsbcrevised forecast expects the pound to reach 135 of from the initial call of 120. Now we
Weaker looking at europe this morning, the early trading taking place, at least at this hour things are flat there the dax is slightly higher, the cac and ftse are slightly lower. Spain up by a tenth of a percentage point crude oil prices were up yesterday to a twoweek high, up at 51. 87 this morning those gains continue with wti for november delivery up by 21 cents to 52. 08. Wow dow component United Health is reporting. Stock has been on a tear for years, right in fact, the stock getting close to a new high, 1 186 billion market cap, almost 1 187 billion market cap reporting 266 a share. Thats tencents above expectation. For the year, they see 2017 adjusted net at 10. Medical loss rates, they call it Something Different now. They call it medical care ratio, 81. 4 thats like the inverse of profit margin. Revenue, 50. 32 billion you cant necessarily compare apples to apples, i like the earnings per share or the earnings increase. 26 . 26 earnings increase. That is what do you do with t
If it closes up higher again today that will be eight days in a row of gains thats the first time the nasdaq would have done that since february of 2015 got a whole lot of earnings coming out that will very likely influence where we trade today look at the dollar dropping to a tenmonth low against a basket of currencies the euro rising above 1. 15 for the First Time Since maze of 2016 look overnight in asia the nikkei down by 0. 6 . Markets in china were higher with the hang seng up 0. 2 the shanghai up by 0. 3 . In europe, in the early trade, you will see dax is weaker down by a half percentage point. The cac is down by a third of a percentage point markets flat in london with the ftse sitting just fractionally higher lets get you through the big corporate story of the morning netflix shares soaring to new highs. The company added 5. 2 million new streaming customers in the Second Quarter thats 2 million more than wall street predicted most new subscribers came from foreign markets. T
Surveillance. I am Francine Lacqua in london. We start with data. It is eurozone pmi figures. They are just below expectations. When you look at the euro area in january, services pmi fell to 53. 6. Economists were forecasting 53. 8. When you look at the manufacturing pmi, it rises to 55. 1. Pointrecast was that 54 eight. Anything above 50 indicates an expansion. Services a little bit below manufacturingbut better than expectations. Lets get straight to the markets to see whether there is a bit of dollareuro movement. The is my picture for markets. Watch out, as always, for the dollar. It has been erasing some of the earlier losses. Emerging stocks are gaining. This is the picture for the european stocks, putting much flat. 1. 2502. D currently a lot of weakness on the turkish lira. The msci world index overall a touch up. We will have plenty more from the markets. First, lets get to the first word news. Here is nejra cehic. Nejra donald trump has pulled the u. S. From the Transpacific