It could get harder for Europeans to visit America; Theresa May says no to televised debate; How wine from Portugal defined free trade

Profitable Moment   Why Theresa May won't agree to a live TV debate The UK prime minister Theresa May has refused take part in TV debates between herself and her opponents for the forthcoming general election.  The opposition naturally says she is afraid she will perform badly. The Labour-supporting Daily Mirror's headline says she "chickens out" of the debate. But Mrs. May says she debates the opposition every week in parliament. And, anyway, will be answering loads of voters questions. The UK does not have a history of general election televised debates, unlike in the US, where it is unthinkable that the major candidates would not take part. Sir John Major once said only a politician who had nothing to lose would ever take part.  Theresa May is about 20 points ahead in the polls. She has everything to lose and nothing to gain from a TV debate that could go wrong. That is the stark reality of her decision – just as it is reality that she has called the elections because she has such a lead.  No one ever said politics was a nice business. But then that's why she is prime minister. -Richard.Quest@cnn.com  What's new... what's next   By Matt Egan, Patrick Gillespie, Julia Horowitz and Paul R. La Monica of CNNMoney 1. Traveling to the United States just got harder It could become a lot more difficult for folks abroad to visit the US Secretary of Homeland Security John Kelly said Tuesday that rules allowing Europeans to travel to the United States without a visa should be reviewed over concerns ISIS could exploit the program. And that's not the only thing that could tamp down visitation. Emirates Airline is cutting some flights to the US because Trump administration policies have hurt bookings.  2. Portuguese wine helped define free trade  One of the most important theories about free trade was born 200 years ago on Wednesday. British economist David Ricardo used the example of wine in Portugal versus cloth from England to illustrate the idea of "comparative advantage." In a newsletter nut shell, the idea means countries should focus on producing and exporting the products that they're most efficient at making. Ricardo's theory remains broadly true in the global economy.  3. Pricey US stocks dumped for cheap Europe The Trump rally is facing competition from an unlikely spot: Europe. Despite France's looming election, investors are the most bullish on eurozone stocks in 15 months. Fund managers fear US stocks are too expensive and they love how cheap Europe looks. But is now the right time to jump into Europe? Beware of a French presidential election that features one candidate who wants to dump the euro and another pushing for a 100% tax on the rich.  4. India to Trump: You still need our tech workers Trump wants to overhaul the H1-B visa program that has helped get Indian engineers jobs in the US. Trump and other critics of the program claim Indian companies flood the market with cheap labor. But Nasscom, a trade group representing Indian firms, says that's not the case. The president of Nasscom says US companies need more skilled workers due to "intense competition." And one Indian tech giant, Infosys, added that it invests "in the local communities in which we operate, including hiring local American top talent." 5. Quick Takes: Why Le Pen could win: France is the weakest of Europe's top 3 economies Top Reagan economist to Trump: Forget health care. Cut taxes now Samsung's new Galaxy S8 is super hot (but in a good way) in South Korea Malaysia Airlines is first carrier to sign up for new global satellite tracking No Unicorn Frappuccinos here. Amtrak Acela introduces Dunkin' Donuts coffee Move over, Goldman Sachs. Morgan Stanley may be new king of Wall Street Oops! Fed admit to knowing of 700 whistleblower Wells Fargo cases in 2010 6. What's next: Is Verizon ready for Yahoo? Despite a security breach that threatened the deal, Yahoo said this week its takeover by Verizon to be completed in June. Will Verizon confirm that timetable on Thursday morning when the company reports results and takes questions from analysts? Earnings are also on tap from Travelers and regional banks BB&T and KeyCorp. Here comes Visa: It's been a terrific year for Visa, whose stock price has soared 15% so far. Now look to see if Visa meets (or beats) Wall Street's lofty expectations when the card giant posts earnings after Thursday's closing bell. Make this newsletter better. Please send us your feedback to CNNMoneyfeedback@turner.com Share Tweet Forward Sign up for CNN Money's morning markets newsletter: Before the Bell Sign up for CNN Money's closing markets newsletter: Markets Now Copyright © 2017 Cable News Network, LP, LLLP. A Time Warner Company. All Rights Reserved., All rights reserved. You're receiving this newsletter because you opted in at cnn.com or cnnmoney.com. 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