News, negotiators for britain and the European Union say there is still a long way to go in brexit talks. To two sides are trying secure a new trade deal before the end of the year two avoid a no deal scenario. It is negotiator said clear and agreement will not be reached this month. This week again, you did not show willingness to break the deadlock. The time for answers is quickly running out. Officials had hoped to see significant progress this week after last months call between Boris Johnson and the eu leadership. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 1 00 a. M. In hong kong. Welcome to Bloomberg Markets. Im vonnie quinn. Here are the top stories we are following from around the world. U. S. Jobless claims rise for the First Time Since march. The data putting a halt to the rally in
From europe and the u. S. Here are your markets. We are seeing a little bit of flatlining for european stocks. Try to figure out exactly what will happen when President Trump meets with president xi jinping. The u. S. 10 year yield is holding just about 2 . Brent at 66. 34. We are seeing a big move with gold. It is the last trading day of the month, so watch out for any volatility. What marlon is doing merlin, announcing a couple of private equities were learning at the company. They are the owner of madame tussaud, amongst other entertainment things in london. Coming up, more from our exclusive interview with the the with the fran San Francisco fed president. Lets get straight to bloomberg first word news. Ifit is too early to know the Federal Reserve should cut rates, according to San Francisco fed president mary daly. They are widely expected to cut in july. We spoke exclusively with mary daly at the aspen ideas festival in colorado. If the data comes in and shows significant weaken
Find out how japan find out howjapan is considering rewarding businesses with a tax cut. And china releases trade data for the month of november. We find out what we can expect. Hello and welcome to this friday edition of Asia Business report, im sharanjit leyl. Weve been talking a lot lately about Donald Trumps tax bill but the japanese government is also considering some new rules to boost the economy. The package will go to prime ministers shinzo abes cabinet today, where it is expected to be approved. The package rewards businesses that increase wages and investing productivity growth by offering tax cuts. For more we are joined by our Business Report of carrico i. Reporter mariko oi. The tax rate in the pan has been coming down significantly under the current prime minister, shinzo abe injapan. When he came to power in 2012 the tax rate was almost as high as the us, at 38 . But for the upcoming fiscal year, starting in april, it is expected to go below 30 . And if this new package
5,000 jamie dimon may be changing his tune first, jpmorgan and citi reporting Solid Earnings but investors were pushing the sell button all day long, citi ending down 3. 5 . Given the quality of the earnings from citi and jpmorgan and the reaction we saw in their stocks, is earnings season going to shape up to be a sell the news event with stocks at record highs . Karen . I agree, both earnings were very impressive on a lot of fronts if you really wanted to you could find things to pick out, as, all right, maybe not the best the only thing wrong with those earnings is both stocks ran up 8 or so before earnings is this Market Pricing in too much you kind of need to be worried i have positions like an alphabet, like a facebook, that have come back a lot at new highs now. And so i gotta think that pretty good earnings are priced in, i gotta think about that how do we hedge against earnings, even if theyre good exactly, the earnings were good dominos pizza, the earnings were good, that sto
Mostly higher taking its cue once again from the u. S. Through the shanghai composite, nikkei average and kospi. The hang seng lower by half of a percent. The saudi ipo is on track. The managing are getting some hopes to big investors that the oil giants public debut is on schedule for next year despite the speculation that we are going to see some private investors on the steel like the chinese, which may very well will be likely. The push for tax reform back in the u. S. President trump set to head to capitol hill to encourage republican senators to move forward on tax reform. First daughter ivanka trump spoke about the importance of getting the reform passed. Watch. The tax reform is so critical. We are doing it administratively, and the regulation ever really feeling entrepreneurship in the state in terms of optimism, stock market. I would hear it in every conversation i had with the people through the course of the day. So that is what fuels them and that is what we are fighting f