We have gains for the major averages. For the s p 500 and nasdaq, we are looking at another set of alltime highs. It may be a holiday shortened trading session, but the buyers are stepping out, not just today, but on the week. Looking at weekly gain for the three major averages. The first weekly gain in three, so many of them are looking for a pullback. It will be interesting to see if that happens next week or whether or not the possibilities have been he, if you will, as this years rally continues on. At blacks looking friday. Retail stocks popping higher. Macys, kohls, and the gap. Macys of 4 . For 2017, the stats are very strong, suggesting it could be the highest shopping season in three years as a 5 00 p. M. Yesterday, spending was up 17 yearoveryear. We will be updating this, but it does look as though we are off to a very strong start. Shopperss, who lore offering discounts and rebates. Another top market today, oil. Lets look at the pocket of strength. Oil, look at that, neari
This is bloomberg daybreak europe and we have a more positive picture coming through on the asian equities session. We are focused on what is happening in brussels. Lets get to some of those stories. They are moving markets. , this is good news. A broad base rally coming through in japan, and hong kong is where we are getting strength coming through after it was all the u. S. Stock market do nicely. S p gaining for the first gain in a week. Onto a story in brussels. We have seen theresa may arrive and it seems brexit will be done in brussels. David davis is with her and she is going to be meeting with barnier. Could we get a deal is our . We are looking forward to the press conference and another speech at 6 58 london time. We have bitcoin down by. 43 . By any other asset standard, that would seem like a big move. 16,000 up to 20000 and back down again, but still of 16 fold. Manus everybody is sharing their voice in terms of what is next. Billionaires were born and americans are gettin
Alignment is not the same as regulatory alignment in the future. Prebrexit mps will grow sour. It might depend on how much ambiguity there is. Ambiguity is the key, it is beautiful. It irish tea shop said himself. It means everyone can go back and claim victory. Phrase fromderful lloyd george, who created ambiguity in negotiations. Agreement signed back then. That was the whole point. Ambiguity,on and beautiful things that let you overcome a lot. Forink that is it from a us the moment. Lets see where these negotiations go. That. Thank you for Senior Investment manager at aberdeen standard investment. Manus lets get the first word news with juliette saly. Juliette the u. S. Congress is passed asap two week extension that ever take government shut down. Untilers now have december 22 to settle some larger issues on spending and legislation. At the same time, they will rush to finish work on tax legislation before leaving washington for the holidays. Germany has moved a step closer to a ne
Negotiations and what they turn to next. We heard earlier this morning from mr. Jeanclaude juncker that they reached an agreement with the u. K. They will be able to talk trade in the next couple of weeks. We still have the pound fluctuating. Maybe investors were expecting more of an impact. Are at their week where it they had quite a bounce where they had quite a bounce. I am looking at the ftse on the back of that brexit, not much of an impact. That could change. Today we talk markets and Bank Regulations with andrea ocho andrea orcel. Mcewan and with ross we also speak to roland rudd. It is quite fitting that we havent brexit show this friday. Lets get to Bloomberg Business flash. Nejra the u. S. Congress has passed a twoweek the first toisions on decisions on settle some larger issues on spending and legislation. At the same time they will be rushing to finish work on tax legislation before leaving washington for the tax holiday. Al franken says he will resign to in the turmoil to
It is a bank holiday. A lot of the data in the u. K. Closed. The ftse is not trading today. I still want to give you a quick snapshot of whats happening across europe without the ftse 100. It is down some 0. 4 . Dollareuro is the one im keeping an eye on for the week. Maria draghi, the ecb president , refrained from talking down the euro. This is what im looking at. Im looking at dollar. Kuroda,peak to governor a fantastic interview by Kathleen Hays. Crude oil, 47. 43. We are seeing a Little Movement for gasoline prices. It could also impact the oil prices. Lets get to the bloomberg first word news. Heres nejra cehic. Nejra in the u. S. , houston is battling unprecedented rainfall following the biggest storm in the history of texas. The down for has crippled the core of the u. S. Energy industry. Gasoline has surged to the highest in two years. The president of the cleveland fed urged her colleagues to look past recent inflation data and stick to their gradual pace of lifting Interest