Largest ipo but falls short of the 2 trillion target positive signs of a trade deal as President Trump says talks are moving along well and beijing says it will wave tariffs for some u. S. A agriculture al products. In a deal worth 3. 2 billion pounds for the Phoenix Group it is the last trading day of the week you can see behind me, there is a lot of green already in the european heat map. This is after the positive hand over from wall street. Some optimism again about those trade talks. New comments from President Trump saying the trade negotiations are on track and going well that gave a boost to wall street overnight as well, we are seeing positive momentum. Here on some reports from the Chinese Finance Ministry saying china are willing to make exemptions the narrative about trade has switched to positive again we still have a lot of green on the board. Stock 600 up about 0. 3 percent ant point. Despite the red we saw in asian markets, it has been a heavy week for Global Markets. T
For boj officials given you have the week yen that could be adding to the inflation story but still they are not likely to hike at this point. Weekends supports the exporters and today weak yen supports the exporters. And we saw sharp losses in the tech sector. Lets look at korea at the start here because we see it moving a little higher, trade data dropping, first 20 days of april numbers for trade and exports rising 11 for the year, positive for korea and a barometer for global trade as it could play into the story korean won has been against the backdrop very much of king dollars so just recapping the trade numbers for the first 20 days of april, exports up for the year and imports gaining as well and we have as i said again the first 20 days of april so a reversal from a contraction the month prior. Paul australia has just opened for trade and it is a stagnant open but we see modest again modest gains. A theme we saw towards the end of last week even though losses on asx gold stock
Senate republican tax bill are improving. Alaska senator Lisa Murkowski has agreed to kill obamacares individual mandate. She has not yet endorsed the tax bill but said she preferred not to mix it with health care. That is welcome news to our next guest, Grover Norquist, the president of americans for tax reform. He joins us from washington. Happy turkey day. Grover it is a big day for tax reform. Kevin let me ask you about whether or not individuals in the middle class are going to get a tax break, when they fill out their taxes in january. Grover they are going to be better off and i suggest you look at three different buckets. What is your income this year and next year aftertax . Most people will see a tax reduction in their cash flow. The second bucket is what happens to your assets . If you have a 401 k , if you own stocks. When we take the corporate rate, that increases the aftertax cash flow. Kevin we have already seen them going up. What is the third one . Grover the third is
Geopolitical tensions weigh on markets. The u. S. Reviews its plans for north korea after a pyongyang show of force. Calm. G version for Chinese Investment picking up. Lets check the markets. Those trading figures out of china are being felt across the markets. The Australian Dollar is mostly affected by chinese tray numbers. The china gdp figure pretty good. The Australian Dollars saw a jump. It is up 0. 1 . If you look at the function on bloomberg, the south korean won is spiking 3 10 of 1 . We are seeing iron ore feeling the pressure, pressured since entering a bear market. The sovereign bonds, mixed a little bit. We are seeing the u. S. Treasury yields continuing to slump. The australian markets are closed for the holiday. Gdp numbers, china but also geopolitical tensions. North korea and turkey. Plenty to digest. If you look at what happened to the turkish rea, the first gauge of their result and what a rally we saw, as much as 2. 4 strengthening. Vote. Ere seeking a yes we are ju
We have lots to get through. Tom International Relations is front and center. The moment as the president travels to havana. For those of us of an older vintage, it was a immense tension with cuba and russia. Ofs is a really big deal people of a certain vintage. Francine this goes back to the president saying the last 50 years of isolation was not good. Lets get to the news with vonnie quinn. Vonnie thank you so much. North korea has testfired a missile into the sea. South korea says the regime launched five shortrange missiles. The Un Security Council has sanctions to push north korea for another Missile Launch and a nuclear test. The historic meeting between president obama and raul castro. Firstama has become the u. S. President in 88 years to visit cuba did he will take them tell them to seize the opportunity to expand human rights and economic access. David cameron had his economic minister quit. Theaid he cannot support policies. Turkey is blaming the Islamic State for the fourth