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, one of the three softer currencies against the dollar. i wanted to follow the tech selloff. nasdaq futures are down again .7%. we have seen that industry continue. let s get an update and wants making headlines. emma chandra is here. am it there is a turn in the tax bill debate and republican leaders are scrambling to save the bill. mitch mcconnell sent lawmakers home last night. they are looking to offset the cost of the measure. while republicans are asking the tax cut not drive up the nation s debt. the price of oil is rising after opec will keep production curbs in place. libya and nigeria have joined the agreement. opec and allies like russia are trying to reduce global stockpiles. oil prices are up 20% since september. parties on both sides of the irish border issued are refusing to compromise. they are trying to deal with the hard border. the eu will not let trade talks continue until there is an agreement. global news 24 hours a day powered by more than 2600 ....
teleconference releasing results of the fourth quarter ceo outlook survey. finally today, the international olympic committee will meet in switzerland to decide on russia s per dissipation in the 2018 games and south korea. their decision is expected at 1:30 p.m. alix: that will be interesting. david: there is a drug thing going on. alix: i would like to be a fly on that wall. top stories this morning with first take, deutsche bank, tax reform and brexit. joining us is the editor in chief of bloomberg news and our chief content officer. marty, what is robert mueller trying to ascertain with a subpoena? we do not at the question of the relationship between donald trump s businesses and deutsche bank has been subject of inquiry ever since he became a presidential candidate. totsche bank has refused comment on the relationship, but now he has turned over documents to robert mueller and the thought is it is the relationship between donald trump and russia and whether thos ....
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 trump s 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 con ....
we, after kind of mixed not much going on yesterday. news of course a bit slow in some ways, european markets were open yesterday, many closed for both the christmas and boxing day holiday. you can see a mixed bag in europe, asia overnight also somewhat mixed. let s get to the 10-year note yield on crude oil and how we re doing on both of those important market barometers. and you see wti down let s get to the road map this morning. it starts with the tax effect. more companies including barclay s and shell outlining major tax linked changes to the bottom lines in the first quarter. the race is on for fed vice chair former bush era advisers reportedly in the running. tesla t is in a direct challenging a tesla pickup could hit the road but does tesla already have model 3 problems? stocks look to rebound from yesterday s decline. a number of companies reacting to tax reform. barclay s expects a writedown of 1.3 billion on the annual post tax profits. royal dutch she ....
bank of america, saying they expected benefit from higher interest rates and a lower corporate tax rate. brian moynihan says that pretax earnings rose year on year. there is what it is doing, up by 3/10 of a percent. not much movement either way. allison is joining us. surface this looks like a pretty solid report. walk us through it. allison: still going through the numbers, but so far so good. trading is a number we always look at, a little bit better. fixed income is a little better, equities a little better, in banking they had a one-off charge. david: who do we think that might be? $880 million driven by a single name, non-us commercial charge-off. david: south african maybe? alix: steinhoff? allison: and i guess the surprising thing would be if you did not see it. alix: it is exposure i think. allison: we were joking the other day, the term episodic, but that is a better term than a one-off or not occurring, because it is the cost of doing business. david: the oth ....