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Im Francine Lacqua here in london. We saw a huge plunge in the markets overnight in the u. S. We saw quite a lot of pressure on the nikkei. 1. 6 . 600 now down i will show you a chart of the stoxx 600 in a second, you will 3 , downit was down 4 , and now it is kind of stabilizing at down 1. 6 . 37 can see the vix index. 32, now we have not seen that level for a while. Eems to be finding we focus on the selloff with the chief Investment Officer. We discuss oil prices in our interview with the ceo of bp. We talked the vixs historic spike. We focus on the markets, we also have quite a lot more throughout the program. Lets get straight to the bloomberg first alert news. Heres Juliette Saly in singapore. Juliette the president of the minneapolis fed says he does not think a financial crisis is imminent despite the turmoil ....
England to raise rates today but is carney as committed to the height . Hike . Squeeze,s for credit the ceo tells bloomberg he is cautious on global markets. We are less than half an hour from the start of european cash trading. There will be some interesting stocks stories. This is what the story is on the fair value calculations. Slightly negative start. A lot coming out today. The fed chair announcement, the bank of england, payroll, a whole load of other things happening. A little caution is justified. Lets turn your attention to the gmm and get a sense of what is happening around the world. Germany had a solid today yesterday. By 1. 78 . S up on the mliv blog this morning, mark cudmore is talking about commodities touring, not drawing the line between nickel and the philippines. The philippines market of 51. 8 . Up. Philippine peso trading the aussie dollar moving up, the south african rand moving up, as well. Lets show you what is going on in the commodities space and the bond ma ....
Lets get straight not to bloomberg first word news. Chris taylor riggs. Present here is taylor riggs. Taylor President Trump announced he will replace janet yellen as the chair of the Federal Reserve. Picture chose to have this for fed governor powell. But this will ease financial regulation. House republicans will unveil their tax bill today, and a call for Corporate Taxes to go down from 35 to 20 , but only for a decade. Estate tax would be faced out, and the Child Tax Credit would be increased to 1600. This can pass without democratic votes, but not not all republicans are on board just yet. Defense secretary Michael Fallon has quit over Sexual Harass ....