>> messi data, transitory -- take your pick. even when we got bad messi data -- messi data? good news. now it is bad news, who cares -- we are able to shrug it off. we have been able to shrug off growth data completely. they have not have the same effect, especially relative to relative data with the reaction and 10-year yields, stocks. that is something bank of america put out in their year ahead. we have seen markets change. the market has zero in on wage inflation. lisa: steve, i would like to get your sense. is this the truth from your perspective, that people are more concerned about an upside surprise that they are a downside surprise? steve: while you have the tax issue looming in the background, there has been less focus on where we are today rather than where people think we are going to tomorrow. when you look at the optimism people have attached to this kind of program, i think people are actually applying too much optimism. lisa: are they? steve: i think so. gop has consistently shot itself in the foot. i am not 100% sure they will pull this off. there is a lot o

messy run. the speculative position of the euro is the largest since july 2007, according to the latest data.he euro today is testing an a one-month low. there could be a very painful follow-through. getting into the m&a monday, this is a big scene. look at shares rising. the french aerospace specialists knocking off an unsolicited attempt to buy the dutch cybersecurity. they outbid the rival. it rallied at 4.7 6 billion euros heard it won backing from a target company. this comes less than a week after the 46 bid which was rejected. it is significantly undervaluing the company. it protects against data tax in an increase only connected world. we are speaking later to the chief executive. vonnie: we are looking forward to that. on to u.s. politics. congress expected to vote on the tax cut bill by midweek, making it ready for president trump's signature before the holidays. to are the potential winners and losers, and how will it affect the markets? anding us is the chairman investment officer at cumberland. there are many winners and losers potentially, but do you want to name some industries

data from canada now, inflation increasing more than expected. jobless claim did rise more than expected. i have to wonder how much that have to do with the fact that this is still messy green. david: that is last week. judy p, consumption, that is the third quarter. they have all softened slightly. gdp annualized growth, down to 3.2. to 1.3. from 1.4 it is the third before a quarter that is long past but it is slightly softening. let's bring back in michael gapen. you know how to read these numbers. what should we care about in these numbers? wasven though the gdp data revised down, i think personal consumption was solid in the quarter and we also had another strong quarter of business investment. you are seeing a couple of things. one of them, as you mentioned, very strong global growth, pick up in business spending. part of good news domestically but a lot of good news externally. the economy has a pretty solid pace and momentum heading into the fourth quarter. lisa: i am struck by the pce. i feeling this gets to the heart of the question everyone is looking at, which is is inflation picking up? this indicates it is not as quickly as people are expecting. is this t

confidential raids, that the data will beget confidential rather than brought into the public domain. will beget confidential rather than brought into the public domainm has been a very messycussions about going on when michael fallon and patel had to leave their cabinets, because then there was more talk of the fact that theresa may was weakened by this. do you think she is weakened by the departure of damian green?” you think she is weakened by the departure of damian green? i think she had to act. the ministerial code was clear. she appointed an enquiry and the found he had reached the ministerial code. i don't think the prime minster could have done anything else but demand he stepped down from his position as first secretary of state. i could only questions around how long this investigation is taken. there have been suggestions that the report has been suggestions that the report has been sitting on a desperate two days. has he been playing politics with the timing? she published it late last night, meaning the newspapers had to scramble, but nonetheless, it dropped on every front page this morning. i don't think the pm is necessarily as weakened by damian green's de