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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 ....
too hard on the banks. in his confirmation hear, he said that he would, quote, continue to consider appropriate ways to ease regulatory burdens. when i asked him if there was a single financial rule he thought should be stronger, just a single provision in one of the fed s dozens of rules where there might be an unintended loophole or where an inknow stative product has innovative product has introduced a new risk into the system, he couldn t name a single one, not one. and my questions for the record, i also asked governor powell about a report that the treasury department put out last june. now, this report was really just a cut and paste job of the banking lobbyists wish lists for rule rollbacks. governor powell do not identify any recommendations in that report that he disagreed with. again, not a single one. and that s not all. at governor powell s confirmation hearing when my republican colleague senator kennedy asked him about whether there are any institution ....
seeing the treasury and buying yields down. after the fed minutes, they got hit in tensely. david: it is time for the morning brief, here is what is coming up. the ecb will be publishing that account of its january policy meeting. at it: 30, initial jobless claims and at 1:00 this afternoon, the u.s. auctions seven-year notes. alix: time for our bloomberg daybreak first take. first up is that hawkish versus dovish read on the fed minutes. the ecb account coming out in half an hour. there is rhetoric out that they are to blame, and barclays shareholderso looking for its first buyback in years. david: we will come peggy collins and joe weisenthal we welcome peggy collins and joe weisenthal. let s start with a quote from the fomc minutes. this is what they said. you have to get all the way through the end. that thegreed strengthening return increases the likelihood that a gradual upward trajectory of the federal funds rate would be appropriate. they therefore agreed to u ....
get the view from asia and this is the situation in the markets in europe as they open on the up. a lot of investors waiting for that key decision from the ecb. and reaching for the stars. we ll be getting the inside track from a south african entrepreneur known for his passion for democratic technology and a spell on the international space station. so today we are asking what are your astro ambitions? if you were given the chance to go to the international space station, what would you do? just use the hashtag bbcbizlive. hello and welcome to business live. we start in frankfurt where in a few hours‘ time the european central bank holds its latest policy meeting. the big question when will it begin to raise interest rates from their historic lows and start unwinding the massive economic stimulus programme that s been in place since the financial crisis? it s a big dilemma for ecb chief mario draghi. let s show you why. the eurozone economy is in much better shape, ....
falling earlier for the first day in six six arrow is not been done since april. equities is the first column. mixed fair for bonds, commodities, and cds. the swiss watchmaker surprising investors with weak sales growth in europe, the strong euro highlighting the luxury industry diverging regional fortune. we have a rebound. european revenue rose at less than one third the pace of analyst estimates and the five months of august and sales in asia rising more than twice as much as expected. product prada, the strength of the euro affecting luxury spending after outlays previously held in check by fears of terrorism. it has raised 1.2 billion euros from the sale of a stake in its chemical maker. covestro, shares sold to institutional investors, 63.25 euros each, 3.7% below the tuesday close. the transaction marked a big step in its break from its former division that it spun off a couple of years ago. while it works towards regulatory approval for the $66 billion takeove ....