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And we go through brexit, what is next. Lets check on your data and your markets. We have seen a little bit of an easing of the rout we saw on government debt. Treasuries steadying after a long slide. The kospi, south koreas benchmark rising after the president was. Removed from office. The other thing i wanted to show you which is on the data screen oil climbing from a threemonth low but remains below 50 a barrel. We will get plenty more on the markets throughout the hour, but lets get to bloomberg first word news. Nejra there has been violence south koreas president became the first democrat...

Message from House Speaker paul ryan during his press conference. Also ways and means kevin brady said he is not discouraged and is moving, quote, full speed ahead on tax reform but the problem here is that health care and tax reform are connected by the complicated math of the federal budget. Ryan and brady have both pledged that tax reform will be revenue neutral. That means it will not change how much money is flowing into feder federal coiffuers. Theyll bring in 31 trillion over the next decade. Repealing obamacare would have reduced numbers. You dont have to raise new taxes to make up the...

Numbers under current law the Budget Office estimates the government will bring in 41 trillion over the next decade but repealing obama care would have reduced numbers. You dont have to raise new taxes to make up the difference. That was basically a freebie. Now thats a very different conversation than tax reform. To keep it revenue neutral theyll have to offset any tax cuts with tax increases somewhere else. Its much easier to do that if you are trying to hit a goal of 40 trillion instead of 41 trillion. Nobody likes to be a piggy bank. Ylan, thank you. In d. C. Mike, do you think that tax re...

On facebook. People enjoying a day in the park did take notice. It keeps you on alert. Reporter Philadelphia School district locked down more than 30 nearby schools at the request of the police department. I rushed over here to get my children. Reporter ironically this woman heard about the lock down on facebook. They taking everything they got to do because we need to know. Reporter Donna Mcgrady got a call from the school but missed it so immediately called back. I heard about everything that was going on. The gentleman that kilter elderly gentleman but when i called the school she didnt go ...

Speed on the market action. Futures are a bit firmer. 0. 3 . Market,tion in the fx the bullish dollar call. The euro is a touch solid softer. Yesterday, massive repricing. 220 on the 10 year. Alix time for your morning brief. We get weekly crude inventory for the u. S. Trading at a oneweek low. Watching that later. Speaking gothe fed a conference. 2 00, the beige book, survey of regional economies, what does it say about the reflationary theme . Jonathan do you read the beige book . David i do not. Alix i will skim it. Jonathan it is a reason it is beige. Prime jonathan Prime Minister may will...