Quickly lets check on the boards because we are seeing its all about what janet yellen will say later on at harvard university. Index practically unchanged. They are waiting for chair yellen to speak. Streak. Pping a 7 day lets get straight to first word news. Major economies have strengthened the resilience to avoid falling into another crisis. Also says that Monetary Policy is not enough for spurring growth. Abe failed in his bid to have leaders warn of the risk of a after heonomic crisis presented documents indicating there was a danger of the world careering into the crisis on the crisis of the 2008 lehman shock. Out china asdged the worlds secondlargest supplier of external credit in a decade. Japan, the top creditor since 1991 remains in cold position. Stay with japan, Consumer Prices have dropped for a second months. Insumer prices fell 0. 3 april. The lack of growth will intensify pressure on the bank of japan to consider further monetary stimulus after governor kuroda disappointed markets by taking no action at aprils meeting. More stories on the bloomberg at top go. Francine the japanese Prime Minister has want and now saying the Global Economy is facing a crisis by shinzo abe failed to have his concerns reflected in the g7 communique. He also said abenomics is working. In japan,ould we do including the discussion of whether we should raise the concentric tax rate the consumption tax rate . We would like to make our position very clear before the summer upper house election. Francine we are joined from the summit in japan. Prime minister abe seemed to basically not have rallied the other g7 leaders. It looks like it is a domestic exercise he is trying to do. Be setting theld stage to postpone the sales tax hike. The announcement could come as early as next week, despite the Prime Minister sang it could happen before the summer election. Some also say that this delay could go as long as two years. That is ultimately to watch out for but the g7 nations did not buy this warning about a lehman crisis. They failed to get that language into the policy communique. The designs of these economies, that they could avoid falling into a crisis. Even after the fact, g7 leaders to hear from shinzo abe about this crisis concerns. He said Global Markets are wavering, there is a prolonged slowdown in demand and emerging markets pose the biggest concerns. He says the clouds are casted over the developing nations. They did agree there is going to be a policy mix of monetary, fiscal and structural reform, but it came to each individual nation, however, they said it had to be according to each countrys conditions. Still not that one prescription on growth, but fx policy got a brief mention. That excessive disorderly moves have a bad impact on the economy, and that we should not see nations going to this currency devaluation. Leaders agree on another risk of the economy and that is brexit. Right. s it was interesting because it seems like the issue of brexit was thrown into the policy communication in the 11th hour. The draft thursday night, brexit was not even listed. The g7 leaders seem to be backing David Cameron when it comes to rallying support for the remain team. Caemeron mention this agreement about these talks between japan and europe and how pressing to the case that the u. K. Should stay in the e. U. A potential 7 billion for the british economy a year. It goes to show the u. K. Is better off in the e. U. Prime minister karen i have never been Prime Minister cameron pressure about getting the right result, getting, reforming europe it is in Britains National interest. That is what it is all about. P. M. Having a good week here. He also got the support from leaders when it came to dealing with chinas steel output, this expert they say has been fueled by government subsidies and support. They did not single out shine on directly but the references are evident. Francine at the g7 summit in japan. Lets introduce our guest, an Investment Officer at rng wealth management. I am not sure what the g7 achieve. There were seven leaders in all of them talked to their domestic audience. Thatdoes the g7 tell us, it is not the right form and their leaders are under pressure of delivering at home . G20, hown talk is can you have a global form without china . It all points to the ticking time bombs around the world, talking to their domestic agenda. Finere trying to get this balance between telling everyone that things are not nearly as bad francine but they are not great. To get one global risk in there, which was brexit. I think people are beginning to get tired of the summits where they come out with soothing words and no action is. Actions. Thatine the thing is shinzo abe is coming up with a concrete plan, a or bo or co or d. There is talk about postponing the consumption tax. He says he will make a decision before the end of the summer. Hes pointing to risk across the world. Is he trying to plan what he needs to do, which is not push through this tax . The Bigger Picture and what happened over the last year or two with abenomics. He says it is working. The minority. E in when you look at gdp, cpi, japan is growing up performing the way that the team would want. In terms of where they go next, in terms of the fiscal side, i would be surprised if they do not delay the sales tax. Francine because last time was a disaster. A disaster, it was not successful. When you look at the Bigger Picture in terms of Monetary Policy, the big win the last three years was the weakness of which helps the economy and the short term. But when you look at Monetary Policy, it is bumping up against the glass ceiling. When they cut rates that was taken badly by the market. When they talk about the combination of fiscal, monetary and structural reform, we are done on the monetary side. Fiscal side is not working. Reform we has seen far too little. He is trying to make the best of the bad job and trying to talk newsine i listened to the conference yesterday. He was using good language. This is a little bit like a lehman moment, when you look at commodity prices. Are we at risk of having the same shock that lehman provided to work Global Markets . In terms of when you look at sums of risk around, economic and fiscal and debt related, was taken that into account in terms of the american situation, it was very much a financial crisis. Clearly exposed that links between the Financial Sector and the economy. Lehman,he edge with bad things are going to happen. To a degree we have moved away from that, the Financial Sector is better capitalized in the u. S. I dont see that same initial risk from the Financial Sector. But the problem is that the issues which clearly g7 are worried about in terms of the fiscal side in japan, the debt problems in china, european in without structural reform and geopolitics as well as you on of these have been solved in the last 1218 months. Francine are they systemic . Could they bring us back to 2008 . Any one of these could become a global problem. They have been papering over the cracks. The Investment Community have bought into that. Things are quite fragile. Any one of these could set off a chain of francine what is the number one risk, china . Picture, china. Having said that, i think they are working hard to try and maintain this balance. They can find, extend and pretend. Ishough, the biggest concern the concern that strikes the market down, that is a different discussion. Guest,e we had a looking at the stress levels in china as opportunity. Is that too risky at the moment or is it something we would not be jumping into that right now. The thing about japan as we know very little. We know they have got an enormous amount of debt. A lot of that has been taken on in the last several years. Francine by chinese local authorities, mainly. State owned enterprises, local government financial vehicles. A lot of the projects they put the money into just do not generate cash flow to service debt. What would be the processes when they start to see these distressed debts become realized . You say it is worth 20 cents on the dollar. China does not want to get there. When you admit that, you go through a painful process before you come out the other side. I think we would prefer to get side,e out the other which could be 2, 3 or four years later. Francine think is a much. He stays with us. We will talk about janet yellen and the fed next thank you so much. We will look ahead to chair yellens speaking and ask is june too soon . The french Prime Minister says withdrawing labor reforms would be impossible. Aaudi arabia is set to product that allows speculators to bet against the kingdoms currency peg. We will bring you that exclusive story as well. Francine lets get straight to the Bloomberg Business flash. Nejra Philips Lighting shares have jumped in their trading debut this money after royal philips raised 750 Million Euros in the initial public offering. Biggest lighting business. Has sold its sun life unit and a u. K. And announce the Top Management Team will work with the incoming ceo when he takes the helm. Among the appointments, Gerald Harland will become cfo. Francesme time, largest insurer says the sale of its u. K. Life in savings business would generate 400 Million Euros. Google has won a 9 billion court case over the use of oracle java programming language. Oracle claims that google needs a license to use java to develop android. Jurors concluded that google made fair use of java under copyright law. Android is used in 80 of the worlds mobile devices. Oracle plans to appeal, although legal experts say overturning it will be difficult. Francine thank you so much. Wall streets long weekend has been put on hold until fed chair janet yellen takes to the stage this afternoon. The big question, will she take june off the table for an Interest Rate rise . One man expecting a dovish remark is the bond guru, as we him. He says the fed will not raise rates and less the future markets has shows assign a 50 to the move. Lets get more with stuart richardson. A little bits crazy. Now were saying, and less a fountain you can look at the bloomberg terminal, thats at 50. Surely, it would be the other way around. This is a crazy world we live in. Trying to take the market price into account of every single juncture. We have a lot of sympathy with the debithas been on side of the fence eventually for the last two years now. Were trying to work out what the current dynamic of the fed is. We have seen Regional Governors become more hawkish. They are talking about two or even three rate rises. If its three, they have got to move in june. Francine you either, this we also had similar with a dot plots, which is why some investors said ditch the dolt plot. Markets only believe janet yellen. Keyast week was quite a week in terms of the market woke up to a couple of Regional Governors talking hawkishly. Yet, when you look at the Interest Rate market, the euro dollar curve, it is not quite there. They are looking at yellen. We need your guidance and janet yellen saying i need your guidance. It is a difficult situation to try to get round. If it is not june, it has to be july. If she does not deliver in july, maybe there is a hiccup in the markets, then she francine do we care if its june or july . June is pudgy because of brexit. Punchy because of brexit. That would be the one reason for them not to go, for the sake of seven or eight days, why bother . Give it another month. They have a meeting in july. The indication that we are going to move in july. The trouble is she has wandered a the garden path couple times. Either we except that i think the fed is moving toward the next rate rise or she is just not in control. The fomc is divided. We dont know. We would expect her to be coming a hawkish viewh but she has failed to deliver a couple times. Francine she needs to talk today. There is debate about whether she will talk about Monetary Policy. She has a chance, it is at harvard, give us your thoughts. She has got a speech lined up for the sixth before we go into the fomc. We dont know. This is a bizarre set up. Everyone is looking over their shoulder trying to work out what is going on. She does not have to speak about policy today. But she will speak about policy before the june meeting. She has got to give an indication of where she is. If she is not talking about the rate rise in the summer before the u. S. Election, then she has fomc, whiched is a bad thing. Francine he stays with us. We will talk treasuries next. We bring you live picture from hiroshima. Barack obama is due to become the first sitting u. S. President to visit hiroshima. This is the site were seven deck is ago the u. S. Dropped a devastating atomic bomb which killed 140,000 people. He will be meeting with four survivors of the atomic bomb and is extremely important, because this comes at a time where disarmament bills are in doubt. Francine nothing like starting off a friday with a chart of the hour that talks treasuries. This is what i picked out for stewart richardson. Of course, it is yellen day. We also spoke to the bond guru. This is what i am showing you. If you look at the white line yields, blue line is else. Is something else. It is the demand that foreigners have to buy treasuries. When he look about yields being suppressed, people say we do not know where to go. Against almost everything the can go wrong ahead hedge against almost everything that can go wrong. Still with us, stewart wealthson of rmg management. We often look at yields in isolation. There is so much appetite for treasuries no matter what happens next. Theven this week, auctions we have seen in the u. S. Treasury market, great demand from overseas. When you look at where the japanese Government Bond markets are. When you look at German Government yields, u. S. Is your positive nominate yield nominal yield. You can try to adjust for inflation look at real yields, it is different. The fact of the matter is and the investment world we need nominal returns. People are not going to be yields, fiveyear yields, at 40 basis points negative. When you look it japan, 20 basis points negative. These yields are not attractive unless you are forced to buy them. The u. S. Is clearly receiving the attention of overseas investors because that is where the countrys best deal is. Even in the u k, yields are below those seen in the u. S. Clearly with the fed looking to raise rates, it could be a bit of Dollar Strength to help as well. Francine the problem is if you have Dollar Strength, that turns into a rally in forces china to devalue. There is no easy policy for any central banker at the moment. What we are looking for in terms of the u. S. Yield curve, were looking for the long end, the 1. 80 mayairly steady, be lower. Were looking for the yield curve to flatten. About 95 basis points positive at the moment. We expect that to come down. Aes it get to the zero point, negative inverted yield curve . Which is one of the better market indicators for a future recession. This is going to be an interesting period of time. They raise rates will the fed, if they begin to raise rates, the stronger dollar could have an impact on china. Although we think the fed have to raise rates, there are a lot of consequences out there. Francine they do so much. Thank you so much for joining us. We need to go back to her hiroshima, where barack obama has just arrived. Forcess after u. S. Dropped that devastating nuclear bomb on hiroshima, president obama is the first acting president to arrive there. This is his final trip to japan as president and president obama has begun paying his respects to the tens of thousands of japanese killed by u. S. Atomic weapons. He will meet four survivors of the 1945 bombings. We are expecting some announcement from the president a little bit later on. We will monitor that live feed coming from hiroshima in japan and we will bring you the very latest. This is the pulse on bloomberg tv. Okay, ready . Whoa [ explosion ] nothing should get in the way of the things you love. Get americas fastest internet. Only from xfinity. Francine welcome to the pulse live here in london. Im francine lacqua. Lets get straight to bloomberg first word news. Nejra the g7 has closed out its summit in japan with a communique saying Major Economies have strengthened their resilience to avoid falling into another crisis. It also says the group feels Monetary Policy alone is not enough to spark growth. Tonzo abe failed in his bid have leaders one of the risk of a Global Economic crisis after he presented documents to the g7 indicating there was a danger of the world careering into a crisis on the scale of the 2008 lehman shock. Asmany has edged out china the worlds second largest supplier of external credit for the first time in a decade. Nationshe asian authority spent heavily last year to support a weakening yuan. Japan, the top creditor, says 1991 remains and pull position. Japans consumer crisis has dropped for a second prices excluding fresh food fell 0. 3 in april from a year earlier. The lack of price growth will intensify pressure on the back of japan to consider further monetary stimulus after governor kuroda took no action at april meeting. Find more stories on the bloomberg at top go. Francine markets slightly lower this morning. Pretty much flat, really. They are all waiting for janet yellen to speak at harvard. Mark hi, francine. 1 15 local time, that is when the fed chair addresses harvard. We have got to twiddle our thumbs until then. The markets certainly twiddling his thumbs because the stoxx 600 is down, albeit by the smallest of margin, for the first day. Still we are on track for a third consecutive best stretch since march. G7 said they have strength in the resulting sevare economies in order to avoid falling into another crisis they have strengthened the resilience of their economies. Yellen will speak later. View thatepeated her the fed should because his or support other policy makers in the last week will have spoken in favor of high rates . This is our go function which shows equities, currencies, sovereign bonds, credit default swaps and commodities. A lovely function, giving you a flavor of what is happening today. Lets dig in deeper because sterling has had a cracking week. This is the pound against all 16 major peers. All 16 are trading lower against the pound. It is the bestperforming major currency this week. When you look at our bcwi indicator, bloombergs correlation weighted indices. On that basis, it is up by 0. 9 . Rising for the fourth week. The longest run since july. On april 7, the pound versus the basket fell to the lowest level 2014. Since then, it is up by 5 , boosted by polls in that last week that have shown a remain outcome to the election is looking more likely. Lets not count our chickens. Were still almost four weeks away. The big was saying, data out of japan was Consumer Prices, excluding fresh fruit, fell for the cpi second consecutive month. Cpi excluding fresh food from 2010 to 2016. The yellow dotted line is zero. This is when japan implemented the sales tax in 2014. The big discussion point now is will abe postpone the implementation of the sales tax for next year . Quickly, we did gold yesterday. I want to do gold again today because gold looks like it is going to rise for the first day in 8. Before today, falling for second consecutive days for seven consecutive days. Still the 8 day movement is 4. 4 . Gold also heading for its since november. The reason why expectations the fed will raise rates in either june or july. Yellen will have more to say about that later. Interesting comments on thursday from fed governor jerome powell. Yes, he laid out a clear argument for raising rates but did stress that global risks meant there was no reason to hurry. So, he slightly going against the trends, the trend in recent days has been for fed policymakers to say the economy does warrant at least two increases this year. Mr. Powell is expressing caution. Gold has fallen for seven out of 8 days on expectations the fed will raise rates. Yellen, we wait for your harvard testimony. Francine everybody is waiting. Gold, currencies, Charles Lichfield is waiting. The french president friends while lon says he will not back down on the labor law reforms despite a position from his own lawmakers on strikes and fuel shortages the french president francois hollande. First, lets go to paris. Mark, what is the situation of the strikes, and also, these oil station shortages . Well, the strikes are continuing. The blockade of refineries and fuel depots are continuing but the situation seems to have stabilized. Edf says that Power Generation is back to normal today. And the government effort to get supplies out to petrol stations across the country seems to largely working. There are still choose at gas at gass, but queues stations, but they do not seem to be a lot of shortages. We are waiting for updated numbers of the next halfhour in paris. But the situation seems to have stabilized. Its becoming a political standoff. Francine how much wiggle room has the government left itself over labor law reforms . Mark i mean, the interesting thing today is hollandes comments at the g7. Was prettyhollande from this morning coming out and saying he is ready to fight for the to the end for this. He believes in this reform, he thinks it is good for the country. This is not the time to derail the french economic recovery. He didn acceptable not use these words that unions are trying to hold the country hostage. The main point to understand and despite the images of burning tires and police breaking, uh, strike blockades, is that the, this protest is limited to a sort of relatively narrow part of the population, which is essentially the union. And that, you know, i think it is a difficult political fight but it is by no means over. It is by no means sort of a revolution spreading across the country, millions of people in the streets. There were demonstrations yesterday. Where the police estimated 20,000 people demonstrated in paris. The union say was closer to 100,000. Whatever you take, those are not massive numbers for a french demonstration. Francine thank you so much. As mark was saying hollande took saytime at g7 in japan to that they will not change the french labor laws. And japan is where president obama is about to talk, we understand the next 20 minutes or so at a really historic event. The first time an acting president is at hiroshima. Charles now joins us. First of all, quick, and. It is heartbreaking or heartwarming a really quick comment. When you look at nuclear disarmament, this is something we need to keep at the forefront. The fact that president obama has decided to go there against revived the fact that we talk about it. Certainly. I think it is important that at last the u. S. President has gone to recognize that there is a lot of hardship on the other side. He is making sure the people back home understand that this is not an apologetic trip. That hes going to recognize that war involves suffering for all parties involved. Despite the fact that he is not worried about his real election, he is being careful to make sure that people understand exactly what this journey means. Understand the president , we are looking at live pictures coming from hiroshima. The president laying a wreath there. He will also meet with four, one of whom was only two. Born shortly afterwards, his mother being exposed to radiation. The president participating and that wreathlaying ceremony. He will do brief remarks. Reiterating a world devoid of nuclear weapons. I think those are some of the survivors. I do not know whether he will address them or if they are part of the ceremony. Shinzo abe, the Prime Minister of japan. We will bring you any remarks and keep those pictures up. It is an extremely strike historice event. The president has said it is not about apologies, but he wants to put the spotlight in the focus on the fact that this is one of the things that he has been trying to push for a world devoid of nuclear weapons. Is it significant that he is doing it before he steps down . Would it have been more difficult heady two or had he two years left . I think so. Better that he is doing it now that there is not much time left. It is also important to remember that president obama has high hopes for nuclear disarmament, given what is happening ukraine and russias decision to rearm, that is not going to happen in his presidency or any time soon. Francine the japanese Prime Minister shinzo abe patting the president on the back. He has accompanied obama to hiroshima. He told reporters yesterday at the g7 that he has no plans to reciprocate with a visit to hawaiis pearl harbor, which of course, japan bombed with conventional weapons during world war ii. Pictures. Live i believe the president is about to start speaking in the next couple seconds. I think we will probably listen in to see what the president has to say. I dont know if we have sound and that News Conference but we can listen in. Lets have a listen. President obama demonstrated that mankind possess the means to destroy itself. Come to this place . To hiroshima. A terribleponder soce unleashed in a not distant past. We come to mourn the dead. Including over 100,000 japanese men, women and children. A dozens of koreans, americans held prisoner. Souls speak to us. They ask us to look inward, to take stock of who we are and what we might become. The fact of war that sets hiroshima part. Tell us that violent conflict appears with the very first man. Our early ancestors. Having learned to make blades from flint and spears from wood, used these tools not just for hunting but against their own kind. Continent, the history of civilization is filled with rar, weather driven whethe driven by scarcity of grain or hunger for gold, compelled by nationalist fervor or religious have risen and fallen, peoples have been subjugated and liberated, and at each juncture, innocence have suffered innocents have suffered a countless told. Their names forgotten by time. That reached its in her and nagasaki was fought among the wealthiest and most powerful nations. In hiroshima and nagasaki. Their civilizations had given the world great cities and magnuson and magnificent art. Thinkers headed just ideas of justice and harmony and war grew outt the of the same instinct for conquest that it caused conflicts among the simplest tribes. An old pattern amplified by new capabilities. And without new constraints. Years, someof a few 60 Million People would die. Women, children. Shot,ferent than us, beaten, marched, bombed, jailed, starved, gased to death. There are many sites around the world the chronicle this war. Memorials that tell stories of courage and heroism. And emand m. D. Ca pty camps that echo unspeakable depravity. Yet in the image of a mushroom cloud, that rose into these skies, we are most starkly reminded of humanitys core contradiction how the very spark that marks us as a species, our thoughts, our imagination, our language, our tool making, our ability to set ourselves apart from nature and bend it to our will, those very things also give us the capacity for unmatched destruction. Often does material advancement or social innovation blind us to this truth . How easily we learn to justify violence in the name of some higher cause. Great religion promises a pathway to love and peace in righteousness and yet no religion has been spared from believers who have claimed their faith has a license to kill. Arise telling a story that binds people together in sacrifice and cooperation, allowing for remarkable feats but those same stories have so andn been used to oppress dehumanize those who are different. Science allows us to communicate across the seas, fly above the clouds, to cure disease, and understand the cosmos, but those same discoveries can be turned into ever more efficient killing machines. The modern ht just this truth hiroshima teach us this truth hiroshima teaches this truth. Technological progress without an equivalent progress in human institutions can doom us. The scientific revolution that led to the splitting of an atom requires a moral revolution as well. Is why we come to this place. The middle ofin the city and force ourselves to imagine the moment the bomb fell. We force ourselves to feel the dread of children confused by what they see. We listen to a silent cry. Innocentsr all the killed across the arc of that terrible war and the wars that came before and the wars that would follow. Voice tos cannot give such suffering. But we have a shared responsibility to look directly into the eye of history and ask what we must do differently to curb such suffering again. Some day the voices of the will no longer be with us to bear witness. But the memory of the morning of august 6, 1945, must never fade. That memory allows us to fight complacency. Imagination,moral it allows us to change. That fateful day, we have made choices that give us hope. The United States and japan forged not only alliance but a friendship that has won far more for our people than we could ever claim through war. Ae nations of europe built union that replace battlefields with bonds of commerce and democracy. Oppressed peoples and nations won liberation. An International Community established institutions and treaties the work to avoid war. And aspire to restrict and roll back and ultimately eliminate the existence of nuclear weapons. Still, every act of aggression between nations, every act of terror and corruption and cruelty and oppression that we ouraround the world shows work is never done. Be able to eliminate mans capacity to do people. So nations and the alliances that we form must possess the means to defend ourselves. But among those nations that holds nuclear stockpiles, we must have the courage t escape the logico of fear and pursue a World Without them. Not realize this goal in my lifetime. A persistent effort can roll b ack the possibility of catastrophe. That leadst a course to the destruction of the stockpiles, we can stop the spread to new nations and secure deadly materials from fanatics. And yet that is not enough. See around the world today how even the crudest canes and barrel bombs serve of violence on a terrible up violence on a terrible scale. We we must change our mindset about war itself. To prevent conflict through diplomacy. And strive to end conflicts after theyve begun. To see our growing independence as a cause for peaceful cooperation and not violent competition. Our nations not by our capacity to destroy but by what we build. Musterhaps above all we reimagine our connection to one another as members of one human race. This, is what makes our species unique. We are not bound by genetic coat to repeat the mistakes of the past. We can learn, we can choose. We can tell our children a different story. One that describes a common humanity. One that makes war less likely. And cruelty less easily accepted. Stories here. The woman who for gave a pilot who flew the plane that dropped the atomic bomb because she recognized that what she really hated was war itself. Out familiesought of americans killed here, because he believed their loss was equal to his own. Own nation story nations story began with simple words. All men are created equal and ouroubt endowed by creator with certain inalienable rights, including life, liberty, and the pursuit of happiness. Realizing that ideal has never been easy, even within our own borders, even among our own cities. But staying true francine president obama making for a world devoid of nuclear weapons. Seems to be heartfelt. He is the first acting u. S. President to visit hiroshima. Lets get back to charles. When you listen to this, i guess this is a very historic speech. A very historic speech, very nice speech. Optimistic message that in the past 70 years u. S. Japanese relations have moved to friend relations and he also mentioned europe moving from a minefield to a field of commerce and democracy. There might have been a brexit message but i think there was a broader message about what we can achieve and perhaps an optimistic message about the world where it is now. Francine what does it tell us about the state of Foreign Relations . When you look at the world, at u. S. Politics and you think of brexit and donald trump, it looks and feels like a world where countries are inward looking. The view of the organization i work for is that we are moving towards a g0 world when no power can really lead the pack and can impose its own roles the rest ofn participating country. I think obamas message is that it need not be so, that we can achieve something in that 70 years given this situation we were in 70 years ago. That is not the direction we seem to be going and currently. A lot of countries are turning in on themselves. Feel that globalization is not doing much for them. That is not the direction we feel we are going in. Francine Charles Lichfield. Surveillance up next. I will be joined by tom keene. Francine waiting for yellen. The fed chair speaks that harvard at harvard. Drops aommunique warning. President obama at hiroshima. He delivers a historic speech. The first sitting historic president to set foot there since the u. S. Dropped the atomic bomb. Im francine lacqua. Tom keene is in new york