Seen since world war ii. Speaking in geneva, he said the country has been a place of savage over an absolute injustice savage harbor an absolute injustice. He also said piece is not negotiable in syria. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Scarlet live from bloomberg World Headquarters in new york, im scarlet fu. Joe im joe weisenthal. We are 30 minutes from the close of trading in the u. S. Scarlet stocks and oil sliding ahead of a looming rate increase. Joe the question is, what you miss . Scarlet done deal. The fed all but certain to raise rates by 25 basis points, what it is the pace of hikes the next three years that is up for grabs. The price of crude continues to slide after saudi arabia said it reversed some production cuts it had made. Is the opec deal on the verge of falling apart . European political drama. The netherlands votes tomorrow while the u. K. Is triggering depart
Biggest amount in seven years. Largely because of President Trumps pro business agenda. We have the full details on how it could impact your business coming up. Meeting with saudi Arabias Deputy Crown prince. This is on the heels of opecs new report showing conflicting data on saudis Oil Production. Saudi arabia directly reported to opec it increased Oil Production in feb to 10 Million Barrels a day. This conflicts with the secondary sources that saudi Oil Production decreased. Lets bring in brenda shav schaeffer from georgetown, university. An issue thats hurt oil prices before we go on to saudi and opecs impact and that, of course, is u. S. Inventory levels. Is that a genuine fear for oil prices . I think we have to look at the short term and the long term. The short term, obviously were seeing this is having a huge impact on the oil price, a very big dip down to november 2016 levels. So its the saudi data, the confusion about the saudi data and also the u. S. Inventories. If we look
Pushback. Jay has been critical of governor carnie and his campaigning ahead of the bricks referendum. Brexit referendum. David he thought he had his thumb on the scale a little bit. And the possess schism coming ut of the f. C. S. Fx market. David love it when bears capitulate. And we will talk about the feds next move with Mohamed Elerian. He will join us in just a moment. But first, john, youre taking a look at those markets. Jonathan i am, thank you very much. Lets get straight to it. In the equity market, the ftse 100, a touch firmer at 1 . Futures coming back a little bit. In the last 24 hours, the real story has been in the fx market. Its been a story of dollar softness and sterling strength. Five Straight Days of sterling strength. We come back with a touch with a cable rate. Coming in about. 4 of 1 . The move yesterday in the bond market, fascinating. Across the treasury curve, yields come in at the front end specifically. 734 . Down from 80 to weve had u. S. Manufacturing in
Weaker, but the shanghai composite was up by about 0. 2 . In europe in the early trading, at least right now youll see there are green arrows across the board, being led by the dax in germany, which is up by 0. 7 . Also, take a look at crude oil prices. Right now it looks like wti is up by about 2 , but youre still looking at it just above 37. Story of the morning, story of the day, story of the year. Big wins for donald trump and Hillary Clinton in yesterdays primaries. John kasich winning ohio. Marco rubio dropping it out of the race. Joining us now for the hour, former democratic congressman harold ford jr. , currently with Morgan Stanley. And republican strategist joe watkins. Before we get to them, lets get to john harwood, who has not slept, i bet, with a recap of last nights results. John . Andrew, very big night for Hillary Clinton. She went a long way toward snuffing out the challenge from Bernie Sanders a week after that surprise defeat in michigan. She won four out of five c
Precipitously, tech and telecom have been in trouble all day. Verizon cut its rating on the stock, verizon was down, the others followed in sympathy but it is a tough day all around. We are on the story, why are markets moving . We will take you to the nice he nyse in a second. The next 14 days it will be the center of the political universe as the president ial candidates descend on n new york to make their case. Hillary clininton in an empire state of mind, a l little t of trouble to use their metro card toto enter the subway, trying t be like the regular joes, turn the card o over and slide it through, she got it. She also blasts Bernie Sanders for thinking new yorkers still use tokens. They both had a little trtroubl with the subway but o Ohio Governor john kasich havining n trouble in the bronx, the italian cuisine on arthur avenue. On an event in brooklyn this evening, ted cruz got out of the bronx yesterday, scheduled to visit brooklyn in the next hour. Earlier hehe held a rally