Cable up by. 3 . Hit sofutures, tech got hard yesterday, we are getting a bit of that back. David oil traders around the world are heartbroken. You have thrown them over for going. It is all jonathans fault. Ok, parliament is debating President Trumps controversial tweet. The president was wrong to retweet antimuslim videos from a far right group, britain first. Earlier, the president tweeted that Prime Minister theresa mays focus should not be on him but on the threat posed by islamic terrorism. The synod is moving toward a final vote on the massive tax overhaul bill as early as today. Lawmakers voted along party lines to begin the debate. That doesnt necessarily signal that Republican Leaders have the authority votes they need. Theenate republicans passed tax bill, they still have to hammer out differences with the house version. Oil prices are edging higher hours after opec meets. The cartel and russia are ready to extend production curbs until the end of next year. The goal is to f
There are some things going on outside the market. Good morning. Emma the Trump Administration is opening the door to more oil drilling in atlantic waters. The president awarded the interior department to auction oil and gas rights off the east coast. President obama had ruled out using that territory. Police say it would be a suicide bomber who chose to explode a bomb in a subway station because of the christmas theme. He is described as a 27 euros m a great from bangladesh. He told police he was a follower of isis. The u. K. Once a trade relationship to eat you identical to the one now. The International Trade secretary said that would ensure a smooth transition. They already have harmonization with the eu. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. Alix i want a Million Dollars for christmas. David thats unrealistic. Thats a really good deal. We will have all of the obligations and no say in the eu. Fo
Headlines, we have come back to matt or it the vix goes nowhere. I am looking at sterling ahead of theresa mays speech. David that is part of the morning brief. We are going to have all eyes on lawrence as recement outlines her new brexit strategy. We will hear from Esther George at 9 30 a. M. We are going to get manufacturing. At 1 30 p. M. , we will hear from the dallas fed president. Overnight, the world reacted to the escalation rhetoric between north korea and President Trump. It started with the president s speech to the General Assembly on it tuesday. The United States has great strength and patience. If it is forced to defend itself or its allies, we will have no choice but to totally destroy north korea. It only impacts those to continue to do business with north korea. If china does business with north korea, it will impact them. New measures. He i would like to offer my support. We are on notice that Going Forward, they can choose to do business with United States or with no
About the selloff in treasuries. One of the underperformers in germany 50 basis points. We made it. David we will get a range of u. S. Economic data at 8 30 a. M. Eastern time, including core pce and Second Quarter gdp. The Kansas City Fed president at 9 45 this morning. Will speake chairman 15 minutes later at a conference in london. At 1 00 this afternoon, the u. S. Treasury will sell off 28 billion in 10 year notes. Emma President Donald Trump kicked up his campaign to cut tax rates for corporations and individuals, casting the proposal as an economic jolt for hiring across the country. The Corporate Tax rate at 20 . Framework, we will dramatically cut the business tax rates of that American Companies and American Workers can beat our foreign competitors and start winning again. Businesses would be allowed to immediately break up their Capital Spending for five years. European unions chief brexit negotiator says the pie minister speech in florence is causing a new dynamic in our neg
Threatening,ery beyond a normal statement. Senator john mccain cautioned on the importance of a president talking about things they werent willing to do. I take exception to the comments because you have to be able to do what you say youre going to do. I dont know what he is saying up i have long ago given trying to interpret what hes saying. We are joined by kevin cirilli. Reporting from hong kong is our colleague who leads our coverage of east asia. I want to talk about what the president is saying in new jersey yesterday. Do we know whether general kelly said at this in advance . Invented this in advance invented that vetted this in advance . Administration who say that with regard to military strategy the president is making good on his campaign prominence in the sense that he is not looking to broadcast or forecast what his military strategy would be and that is why you are seeing him embrace this level of unpredictability. Yous very different to say are going to be unpredictable