Legislation. Matt and mickey under the microscope. Disneys 52 billion from fox. The president of the United States has already called to congratulate Rupert Murdoch. The fcc rolls back net moving themoves, power to broadband companies. Good morning and welcome to bloomberg daybreak europe from the city of london. We have breaking news from airbus. Airbus sees no further mandate beyond april of 2019 and the coo is going to step down in february of next year. In just three months time, big changes at the top of airbus. We will continue to cover this story for you throughout the day. Once again, tom enders is going to step down after his mandate ends in april of 2019 and Fabrice Bregier will leave at the beginning of next year. A lot going on on this friday and you are going to want to watch treasuries as the tax reform debate continues. Manus told you, once a larger child tax credit. Donald trump says he is sure rubio will vote for the legislation. Treasury yields up by one basis point.
Plan be derailed if wages do not pick up . There is the president ial pro. Robert mueller is said to be looking into whether trump obstructed justice. His policymaking possible in this environment . Really matchplan the complexity . Why are you in switzerland . Ere for the Swiss National bank meeting. They have a biannual meeting. Last night they even had a big dinner where we heard, showed speak. Ke tomas boden we are expecting a move as far as rates. Theyre expected to stay until 2018 including according to a Credit Suisse report that came out earlier. 33 of the economists surveyed said there could be a change in the language. The buzz word or phrase is significantly overvalued talking about the swiss franc. Compared to the euro, it has been climbing at a somewhat steady pace over the last two and half years going from 90 centimes to 109. They have been intervening and currency markets although that intervention has slowed down. I will talk about that in a few hours time and bring th
We are in for eric and stephanie and they will be back with you tomorrow morning. We have breaking news coming up on housing. Lets get to julie hyman who was in the newsroom. Julie the pending home sales for the month this shows some progress for the housing recovery, especially after we did not have a strong number. Again we were estimating that 1 gain and that was the average of the economist we surveyed. The advance in february with about 3. 1 percent, so it doesnt really slow down from february but it had a worse than estimated number. Remember in terms of Economic Data this morning, this adding to the gdp figure that we got earlier that showed only a 2. 10 a point to gain in the First Quarter. Revision downward and coming in worse than economists had predicted. It seems a most economists are looking forward at the balance of the year and this pending home sales might give them a little more optimism. Back to you guys. Matt thank you. Time for the bulletin and the top business stor
a busy night for you and your colleagues. april stabbing death of a graduate student is under arres in africa matt has the latest from our west coast miserably i los angeles. an intense manhunt ending today. they told us that somebody spotted him on a park bench and called gave police a fake name then his identity was confirmed with a fingerprint. he is believed to be homeless and has a criminal history across the country. in south carolina in 2019 he allegedly fired a weapon into a car with a man and his young so