Busiest earnings day of quarter. The treasury secretary on the tax rollout. And the ceos of dow chemical and Southwest Airlines in the next 60 minutes. First up, the white house is pushing what it calls the largest tax cut and reform in history. This morning on the today show, the treasury secretary was grilled about how the plan will be paid for. And mr. Secretary, would you be willing to raise your right hand and look at the American People and say, i Steven Mnuchin promise you that this will be revenue neutral and deficit neutral . So right now, were working with the house and the senate. This is now about taking the president s principles and turning them into a bill that we can get passed and the president can sign this year so we can create Economic Growth. And were going to work closely with congress to get this done. So matt, yes, our principles are, we want to pay for this with Economic Growth and with reducing lots and lots of special interest deductions. Ive got to get your
And russia yesterday deciding to extend the production cuts and the iaea saying the demand outlook is slightly downgraded on lower first half estimates. Non opec increased in 600,000 barrels per day. You can see brent is up on the back of that, 52. 19. It was around 51. 7 when i looked at that. Oil is climbing a little bit more. Reminder yesterday, we found out audi plan to extend production cuts for another six months. Watch oil. We will bring you those trump headlines. That is giving a nice risk to the euro dollar, the dollar weakening for a fifth straight day. The euro is soaring amidst classified information donald trump made or may not have given to a russian diplomat. We are looking for the mexican peso strengthening and the south korean yuan strengthening. We will get more on your markets, but lets get straight to the bloomberg first word news. Reporter we start with europe. Angela merkel has vowed to work with macron. That as the german chancellor hosted the newly elected frenc
In fact entirely for those three in the green. Look at spain there right now, or italy. They may be up, i believe. Ten year note yield had been hovering around 2. 2. Moved up a little bit yesterday. 2. 24 is where we are right now. On the ten year note yield. You can see crude oil also edging above 50 bucks. Thats important because it should produce some sort of movement in the stocks. It has not. Schlumberger, the Great American the Worldwide Service company is pretty much where it was give or take a few points from the when oil was at 26. That group is the one thats lagged the market if you wanted to ask me whats the key. That group has i was going to do that later. Were just getting started. Well, its a sector key. Im sorry interrupt. But you mentioned are you interrupting . Never. Thank you. Our road map is where well get to right now. I will ask you about that key u. S. Futures pointing to a higher open. Deere surges, on the move. This after the companies came in ahead of the esti
Positive start. European equities were solidly bid on friday. This morning, where is the action . The pound softening up, 1. 2 991. We will talk about the dollar throughout the program. Jamie dimon pretty positive on the u. S. Right now. Has the market gone too far . The consensus trait seems to be negative dollar. Lets show you what else is going around the world. We will bring you the stories out of brussels, the greek twoyear not the most liquid story. Overnight,idly bid something to Pay Attention to as well. The commodities continue to be fascinating. Watch the chemicals sector at the getgo. This huntsman transaction could have action elsewhere. Heres haidi lun with the update. Haidi guy, thanks. In saudi arabia, u. S. President donald trump has told arab leaders that the war on terrorism isnt a fight between different faiths. He also called on middle east allies not to wait for u. S. Help to crush terror groups, and assure terrorists find no sanctuary. It was an attempt to ease co
So. Lauren the nikkei falling below 20,000 level into china, sox getting a third of 1 . Cheryl President Trump and gop leaders meet at the white house aiming for a Health Care Vote this summer and tax cuts by the fall. A closer look at all of that. Lauren a new feature for iphones. Do not disturb while driving in it as a home speaker to compete with amazon at a much higher price tag. Trade to the stanley cup finals tied at two games apiece after they have the Pittsburgh Penguins last night in baseball the Houston Astros leading the Kansas City Royals. Cheryl good morning. A lot of breaking news overnight. Lauren it is intense. Welcome to fbn am, your first look at morning markets and breaking news. And a lot of it. True to that start with this one. And nsa contractor arrested after allegedly leaking a classified report containing information with the wrecking hacking in the 2016 elections. More on that story and what a story it is. Reporter its a big one. According to the Justice Depar