Already with more than a day to bat to save the series. Also in the next hour. Hailed as a triumph of modern design engineering, the worlds steepest Funicular Railway opens in switzerland, climbing an incline so steep that specially constructed carriages are used to enable passengers to stay upright. And in half an hour, dateline london reflects on the movement in brexit talks, and asks whether the election of a democrat in alabama really is a blow to donald trump. Good morning and welcome to bbc news. Six people have died after a multi vehicle crash on one of birminghams main roads the Lee Bank Middleway at the junction of bristol road. A seventh person is critically injured. Officers have described the scene as very difficult and upsetting. The midlands today reporter Bob Hockenhall in birmingham gave us the latest. Clearly a very difficult scenes are oui clearly a very difficult scenes are our staff to deal with, to have so many casualties. Clearly the first job is to find out who i
To dateline london, imjane hill. This week we reflect on some movement, finally, in the brexit talks and ask whether the election of a democrat in alabama really is a blow to donald trump. My guests this week, the American Writer Stephanie Baker from bloomberg markets. Suzanne lynch, washington based for the irish times, the british political commentator Yasmin Alibhai brown. And thomas kielinger, from germanys die welt. A warm welcome to you all. Weve seen the end of the beginning. It was confirmed this week that the brexit talks between britain and the eu can finally move to the second phase. What a week for britains Prime Minister theresa may losing a parliamentary vote in london, but getting a round of applause from leading eu figures in brussels. Though by fridayjean Claude Juncker and Angela Merkel were among those pointing out that phase two of the negotiations will be much harder than phase one. Talks move injanuary to discussion of the transition period. Yasmin, the theresa ma
We are seeing quite a lot of stocks rise on the back of hope that the tax plan will move through. We do need to break it down and look at sectors. The stoxx 600 gaining 3. 3 . The eurodollar, we are looking at that because the tax plan c ould affect the dollar. We are expecting a vote. We heard from the president earlier on, saying he has people he could call on two major the tax plan goes through. Could call on to make sure the tax plan goes through. We talk brexit and the outlook for 2018 with Vincent Chaigneau. In the next hour, we break down withs. S. Tax overhaul the Global Economic strategist from blackrock. And later on, we speak with pierre moscovici. We have many questions for him, including the tax plan. Here is sebastian salek. Reporter u. S. Lawmakers are scrambling to lock up support for the tax bill. This would provide a multimillion dollar windfall for the real estate investors. Tax experts say the change, which would allow real estate businesses to take advantage of a n
The european markets were down a couple minutes ago. They are pretty much back up. It seems the feel good factor in u. S. Stocks have now petered out somewhat. Im looking at u. S. 10 year treasury yields, pretty much a picture of stability. The dollar off the trade bound. The dollar, gaining a touch. Coming up on bloomberg surveillance, we sit down with luca paolini, the chief strategist at Pictet Asset Management. Thewe will also break down saudi budget with the director of Economic Research at the Gulf Research center. First, lets get straight to the bloomberg first word news. Sebastian uber has lost the battle as it differs from traditional taxes. The car hailing app should be regulated. The eu court of justice ruling, think of the president sentting. British officials fear spain will threaten to veto, if negotiatey fails to with madrid. It has been in british hands since, 1713 but spain could make a claim over the land. To the u. N. Assador nikki haley is pressing other countries n
Surveillence. Is a look at european stocks. Theyre getting the most in two weeks. Its a little bit better than our preliminary estimate. We see the German Economy powering through overall. We also saw some unemployment figures that beat estimates. Commodities extending a little bit of a record run. Eurodollar, a lot of focus on the currency today. Yield is atyear 1. 95. This is a we have coming up on surveillance. We will hearing from john chen. 10 00, we will be joined by Stephen Michael smith. Cklowsmith. A they will be seeking to joshua green. Will be speaking to joshua green. Onto nejra cehic. Officials debated the risk to american outlook last month with some concerns about inflation and robust growth. The minutes of the meeting show most participants reiterated support for, quote, continuing a gradual approach for raising the target rate. In three moreiled hikes for 2018. In the United States, the worst storm of the winter season has knocked out power to thousands of homes and bu