And Anglo American is agreeing to split or selloff some of the company as they fend off a takeover from bhp. Round two. The single post from the Roaring Kitty social media account reignites the craze with the gamestop losing almost 1 billion in a single the session. All right. Where are we with the market picture today . We are pretty much flat waiting for the cpi data from the United States with the ppi, of course, anticipated this morning. That will be another key focus and normally getting the ppi data before the cpi data from the United States as well way indicates we will work out the pce data very soon. It is a lot of the Economic Data markets are focusing on although you have a host of earnings numbers still to really go through even out of europe as we have been speaking about rheinmetall. We have bayer with earnings and hanover re with numbers out this morning. We have a lot in europe and the tech stocks from the asia region which we are looking at with tencent and baidu and j
Cost at 1. 7s the trillion over 10 years. The study is based on last ands version of the bill amendment added 160 billion to the cost. In an exclusive conversation, Steve Mnuchin discussed his support for tax cuts. Our strong preference is that the Corporate Tax rate starts next year. We look forward to working with the senate as the details come out. Federal judge has issued a gag order in the Paul Manafort case. The judge has part all parties from making statements to the press or public that might influence a jury. Thanl news powered by more 100 to journalists and analysts in 120 countries. This is bloomberg. 30live from new york, we are minutes from the close of trading here in the united states. After theixed even surge in tech stocks earlier. The question is, what did you miss . The china in washington, the spotlight is on the senate. Republican senators expected to reveal their bill tomorrow. Machinecas drilling keeps on rolling. Production rising over the next few years within
Measure. Overnight in asia, you saw similar concerns as markets in both japan and korea came under pressure the nikkei down by 1. 3 , that is a 2 1 2 month low. Hang seng off by a third in europe, you can see similar concerns playing out there the cac is the biggest loser in the major averages declines of over 1. 25 and for stocks in italy and in spain if you want to check out what has been happening with currencies, the yen has been picking up some ground this morning. It is considered a traditional safe haven right now it looks like the dollaryen is at 109. 77, dollar up against the euro. Also seeing a big move in the swiss franc, seen as asafe haven trade. You check that out this morning, but weve also seen gold a little stronger and u. S. Treasuries picking up a bit as well and big news, disney says that it will pull its movies from netflix and launch its own streaming service, it will take several years to complete. Disney making that announcement as it released Quarterly Results
Coming from the south going to the north. Two Different Directions. I have been firing up my live hidef Doppler Radar. What we have going on right now is absolutely nothing. But in advance of the rain that will be moving into the bay area, flash flood watches in effect for the emergency spillway for the oroville dam to make sure theres not an emergency situation developing we are keeping an eye on it. Tyler island Carquinez Strait and delta must have an eye on rising levee levels. This is our live weather camera towards sfo. No reports of any airport delays temperatures in the 40s and 50s. Its 52 in San Francisco. Here comes the rain all associated with that area of low pressure thats due west of the bay area. Well see increasing clouds. Temperatures are still mild in advance of the rain showers. 60s beaches. 60s peninsula. We even have a 70degree reading towards willow glen today. 66 walnut creek. 67 degrees in brentwood. So thats not bad. Yesterday we had 71 degrees in pleasanton. 60
Streamlining and overhauling the federal government. The Senate Judiciary committee is set to vote on judge Neil Gorsuchs hearing. News 4s tracie potts will be live on capitol hill with more on what we can expect on judge gorsuchs nomination. Prince georges county, investigating a death just behind ikea. Outside the Camden College Park Apartments that are in the same plaza. Police say one man was found dead on the scene and another found nearby with a head injury. Now police are also investigating a shooting in laurel that left a man dead there. Another case in Prince Georges County involves a teenager who two neighbors desperately tried to save. The 15yearold was shot right landover. He was bleeding heavily and, you know, soon after myself and my sister came out and started doing chest compressions and mouth to mouth. Dennis taylor was found dead in front of his grandmothers house. His family wants to know who pulled the trigger. He keep you laughing all the time. That was nothing. Hi