At whatstake a look going on in to those brexit talks. The pound is up by. 2 . Stronger dollar story throughout the day and dollaryen is up to. 6 . 58 basis points. Thats really steep. Time for the morning brief. Ahead. A look at the week today theresa may is scheduled to meet with Jeanclaude Juncker. Then social democrats hold their convention. Congress has to act to avoid a Government Shutdown and we are also going to get on friday u. S. Jobs numbers. Big week ahead. Topics tax, u. K. , cvs buying aetna. The talk on the talk shows was all about taxes. Had towhat the senators say. When you heard the president say we are very close to the finish line you know he has wanted a 15 right from the beginning. Is parted to a 20 rate of the discussion. The house as a 20 right now. We are happy with both of those numbers. If something small happens in conference that gets us across the finish line we will look at it on a casebycase basis. Business tax all the way down from 35 to 20. It could be
Negotiations and what they turn to next. We heard earlier this morning from mr. Jeanclaude juncker that they reached an agreement with the u. K. They will be able to talk trade in the next couple of weeks. We still have the pound fluctuating. Maybe investors were expecting more of an impact. Are at their week where it they had quite a bounce where they had quite a bounce. I am looking at the ftse on the back of that brexit, not much of an impact. That could change. Today we talk markets and Bank Regulations with andrea ocho andrea orcel. Mcewan and with ross we also speak to roland rudd. It is quite fitting that we havent brexit show this friday. Lets get to Bloomberg Business flash. Nejra the u. S. Congress has passed a twoweek the first toisions on decisions on settle some larger issues on spending and legislation. At the same time they will be rushing to finish work on tax legislation before leaving washington for the tax holiday. Al franken says he will resign to in the turmoil to
Been a long time since anyone got the better of celtic in scotland. They were unbeaten in in a record 69 domestic games but record are meant to be broken. After 26 minutes, a schoolboy error led to a schoolboy taking the opposition into the lead. No champagne celebrations for him it was only a temporary reprieve as a shot from 20 yards went in. After the break, more poor celtic defence made it 3 0. The french winner compounded the visitors mystery. The result means celtic top the table by just two the result means celtic top the table byjust two points. Time for the champions to regroup and hit the reset button. Jose mourinho has vowed to fight until the last match after his Manchester United team moved back to 11th points from the top of the league. Romelu lukaku opened the scoring as a united wheat west ra h m opened the scoring as a united wheat west rahm beat. Any labour that goal in as many games for the striker. Liverpool are up to the fourth place. In rugby unions european champ
Africa is a fascinating story. Votes are being counted for the election. It looks like the more market friendly candidate is going to win. The u. S. Dollar is weakening against the rand. We will catch up with that later in the show. Peso, a big day for emergingmarket elections. It is viewed as market friendly. It is also viewed as looking at the next index down, despite the fact we are getting so much information about the tax plan, about different political developments. David nothing well bring the vix up. Lets get an update on what is making headlines. Trump will do clot declare china a competitor in a speech. His speech will be heavily influenced by his views on trade and economic relations. He is expected to outline economic actions that could target china. In atlanta, power has been restored at one of the busiest airports after a blackout that caused thousands of flights to be canceled. Power says a fire caused extensive damage in an underground facility. Delta says it will opera
The jingle . It is magnificent, darling. Laughter i didnt edit it. What do you think of the brexitcastjingle . Yeah, a good summary of where we are so yeah, a good summary of where we are so far . And who said brexit is a dogs breakfast . Was it Yanis Varoufakis . That was a niche question, wasnt it . Lets focus on the big picture, where are we on the seemingly never ending Brexit Process . Seemingly never ending Brexit Process . It is the Christmas Party at downing street, and for journalist and officials this evening, and their Christmas Party because, after all the nxt of the la st because, after all the nxt of the last few months, after the frustrations, their difficulties, all of the wrangles at a cost for theresa may, last week at the end of the week she got her piece of paper, she was able to come home and say yes, phase one is over. Now, does that solve the contradictions we have discussed on the programme . Does it mean the problems have gone away . Does it mean anything other