President can do for the families of those killed in action. Point the president was making is there is a different process. Sometimes they call, sometimes they write letters, sometimes they engage directly. The comments were certainly, i think, taken very far out of context by the media and any frustration, thats where it should be focused. Blake . Let me ask but something Steve Mnuchin said since you talked about the stock market a lot, and the president does as well. He said, and i quote here, theres no question in my mind if we dont get it done, meaning tax reform, youre going to see a reversal of significant amount of gains. Essentially saying if tax reform doesnt happen, there could be a major correction on the corner of wall and broad. How concerned is the president of that possibility . Were confident that were going to get tax cuts done, and so thats what were focused on and going to continue pushing forward until we get there. Reporter on the health care bill, if you dont min
Letsthings first, quickly check on your markets. First of all, i wanted to have a look at the yuan, this is on the back of what we heard from china. Stocks in europe in to be drifting sideways a touch. I think investors are trying to figure out what the next catalyst is. Draghi is due to speak today. And then, the independence claim is tomorrow. N, that thats the bloomberg dollar index, up a touch. Heres nejra cehic. Reporter donald trump claims tax reforms would be worth 4000 a year for the average american household. He asked for help so he could give the country the best christmas president of all. Today are business tax rate is 50 higher than our average economic competitor. This is a giant selfinflicted economic wound. Reporter the u. S. President has said he plans to choose from amongst five finalists to be the next Federal Reserve chairman and will make his choice soon, before he leaves for his 11 day trip on november 1. With canadawound up and mexico rejecting what they see as
Jonathan it was better with cable down and the euro at 1. 17. Alix talking about cable, take a look at the gilt market. In the gilt market you are seeing yields up about four basis points. After thetively flat data out of the u. K. Unemployment and wages. Dollarmex down slightly. Aluminum missed, down 1 . David it is time for your morning brief. We will start out here in from two fed president s, bill dudley and Robert Kaplan in a discussion. U. S. Nutes later we get Housing Starts and Building Permits for september, and the Senate Finance committee will meet with President Trump. Jonathan chinas president xi jinping laid out a roadmap to turn the country into a leading country by 2050. He warns there may still be a bumpy road ahead to success. Our development is due within a great situation. Slight but our challenge is tough. Jonathan opening chinas doors to foreign businesses and monetary policy. Joining us are Tom Mackenzie and enda curran. Just run us through the highlights of what
Day after briefly touching that level. And it did so with confidence, surging triple digits. This is the blue chip indexs 4,000point milestone this year. Ibm played a big role in todays advance. Shares of big blue soared nearly 9 , its best day since 2009. On the back of its Quarterly Results that we told you about last night. Solid earnings and improving Global Growth have also contributed to the markets seemingly uninterrupted rally. When all was said and done the Dow Jones Industrial a gained 160 points to 23,157. Nasdaq rose just fractionally. The s p 500 was up nearly two. Bob pisani takes a look at why nothing seems to s reporter stocks seemed to be racking up record highs. The dow grew 5,000 points in 18 months. That means the dow has advanced 1,000 points on average every 3. 6 months. At this rate well hit 24,000 at the end of january and well be celebrating 25,000 in the middle of may. The markets keep rallying because everyone has come to believe that all the problems of the
With this is al jazeera ah, hello, im marianne demise the welcome to the news al at life from london coming up in the next 60 minutes. More than a dozen people die off to Russian Missiles ripped through Apartment Buildings in zap, morisha, ukraines president calls it to marcellus attack on civilians. Meanwhile, the russia, nita Vladimir Putin called saturdays attack on a bridge to crimea, an act of terrorism and accuses ukrainians. Special services of being behind the bloss antique government protested, are arrested in shoreline cut off the scuffles, break house with the police and the mega rail project in mexico that is meant to spark of boom and terrorism is being blamed for in our mental distraction. On Peters Timothy in dough with your sports awesome will be livable to go back from top of the premier league and the max for stop and clenches back to back for the one world titles at a whit and eventful japanese grown pre. Ah, welcome to the news hour. We begin with the latest develop