Guy every single sector bar. None down in europe. A lot of this out of the u. S. Clearly we see the big market to the fed that is being priced into europe. The ftse is down. You certainly have the pause in effect coming through into the u. K. Market. Taylor wimpey is one example of that. We are seeing affects positive effects coming through of a right pause into european, and more specifically u. K. , equities. The question is, what happens if pi goes up next time . Does the bank of england hike . Who knows. Alix in the u. S. , we are data dependent. We get existing jobless claims coming in under 200,000. We are seeing equities pick up to the downside on existing home sale numbers. The s p 500 is down 1 . Major sectors in the red. Amazon down 3 . Seven Straight Days of losses, its longest losing streak since february. What is different in the bond market in the u. S. Is the front end is rallying. You are seeing buying in the twoyear. Yields are lower and the backhand moves with you guy
Announced he would step down. Bloomberg and Bloomberg Technology is next. This is Bloomberg Technology. Coming up, u. S. Tax reform clears the house. We will discuss what comes next and what it means for tax caps. Plus, inside googles fake news fight. Behind the spike in tech ipos in asia. But first, to our lead. Lawmakers have passed their version of the u. S. Tax code. Ratesshes Corporate Tax while adding over 1 trillion to the deficit over the next decade. The senate is preparing its own version of the bill, one would one that would delay the Corporate Tax cut for a year. Joining me now, we have our Bloomberg Tax reporter and in new york david kirkpatrick. Losers . The winners and in this bill, corporations will see their rate fell from 35 down to 20 . Businesses also see a corporate their tax rate cut, but it is a little bit more confusing. Companies that are really excited about this as this moves towards a territorial system which Means Companies are not tax as much on their prof
Counts of the indictment against the menendez. Toy have the opportunity retry the men. The Trump Administration is considering having Mick Mulvaney serve as interim head of the Consumer Financial protection bureau. That is according to people familiar with the matter. Would stepced he down from the post later this month under a federal vacancies law. The president can replace an outgoing director temporarily from another person who has already won senate approval. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti, this is bloomberg. Bloomberg technology is next. Emily i am emily chang and this is bloomberg technology. Coming up, u. S. Tax reform clears a big hurdle as the house passes its version of the bill. We will discuss what comes next and what it means for tech from big caps the startups. Plus, inside googles fake news fight. How they are combating the rise of fake stories during breaking news. And, what
Out. A little bit of brinksmanship, or brinkmanship, i should say, as joe corrected me. Less is more there are a couple more brinks, a couple senators youve got to wonder about. Okay, then. What happens with Susan Collins, what happens with lee from utah, who said hes undecided lee who mike lee . Oh, mike lee. Who wanted got two first names its confusing i dont trust people with two first names. Do you yes, generally. You do . Yeah. I think its confusing. Well youve got three, youre fine. Ive got three, three names some people say andrew ross, two first names, even though no, im talking about when your last name is a first name. Chris christie . Theres a lot of them, bill george, ted david. I just made that one up. I dont really think there is a person by that name. All right, lets look at what else has been happening in the markets. The tenyear note, one weve been paying attention to, too. Earlier this week you saw the tenyear pushing above 2. 4 , but now were back below 2. 36 . A cou
In beijing europe is weak and claims a little higher than expected. The twoyear is at a nineyear high our road map begins with retail movers macys and kohls moving in different direction. Plus, more media m a intrigue the future of at t and time warners deal is in question as the department of justice asks for changes and the two sides may end up in court. And futures are slipping. Markets are awaiting more on tax reform today, as we digest a number of earnings movers. So lets kick it off with jim, who is at west point today, ahead of a big show tonight, jim. And were looking at some early weakness this morning, some attributing it to the increasing difficulty between reconciling what weve gotten from the house, what is being marked up, and what the senate is eventually going to tell us on taxes. Well, im continuing to be very skeptical im looking for a repeal and replace here in other words, i just dont think that theyre going to be able to get it together anytime soon but you know wh