Maria big show this morning, joining the conversation Dagen Mcdowell, chief Market Strategist art hogan and president ial candidate arkansas governor Mike Huckabee. Good morning. A lot to talk about this morning especially on day 2 of Federal Reserve meeting, Delta Airlines coming. Ed is here, chairman and ceo of the black stone group, Steve Schwartzman talking about his book. Oklahoma senator James Lankford also joining us this morning, dont miss a moment of it, we have a big 3 hours, top story this hour is oil, once again dropping this morning on news that saudi arabia will restore normal output and production levels by the end of the month as secretary mike pompeo meets with saudi arabia king prince salman to twin attacks on saudi oil facilities, iran is denying any involvement in saturdays strike with president Hassan Rouhani blaming u. S. For disruption in the region. Its not exactly going well for them. I think this was their attempt to break out and sort of find way to put press
Moments about why they might be. Restarting qe and continuing it until necessary. Now for thetiers pointsand further basis into negative territory in terms of the key interest rate. In the United States, we are up three points for the s p 500. N activist story is doing well value act getting in on carport stocks, up about 8 now. The 10 year yield at 1. 70 . Crude is lower. We will be examining why later on. Just want to point to a strengthening china renminbi as well. There are marginal headlines on china. China is trying to tier talks and negotiations into two tracks. Google is up 0. 75 . We have a settlement in europe, 500 million on the part of google. We will talk about what that means for the company. Right now, investors rewarding the company. Coming up, Marathon Asset Management chair and ceo Bruce Richards will join me. An exclusive conversation coming up in one hour. The European Central bank cutting Interest Rates tend more basis points below zero to 50 now, announcing plans
Grandmother in west bank on humanitarian grounds. On twitter, the michigan Lawmakers Said silencing me and treating me like a criminal is not what she wants for me. It would kill a piece of me. Israel said today that it will let her visit her family one day after refusing entry along with fellow congresswoman ilhan omar. Trump administration has informed congress it plans to sell f16 fighters worth a billion dollars to taiwan, a move that issue to escalate already high tensions with china. Two u. S. Officials and a congressional aide says the administration have informally notified lawmakers of the proposed sale. The deal would behind the controversial because china loosely opposes all arms sales to taiwan, which it regards as a renegade province. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. Im ritika gupta. This is bloomberg. Live from bloomberg World Headquarters in new york, i am vonnie quinn
Good wednesday morning. Thanks for joining us this morning i hope having a good wednesday i am maria bartiromo. It is wednesday, may 15. It is 8 00 a. M. On the east coast President Biden former President Trump trading barbs, biden announced 1 billion dollars in tariffs chinese goods trump said this should have happened a long time ago. I want to start by saying that, that biden now, he wants to put a a big bill on china which is suggestion that i said, should have done it a long time ago but also got to do another, that has to do with because china eating our lunch right now they have to do it much more than electric vehicles, should have been done 3 1 2 years ago. Bidens plan add one hundred percent tariff on electric vehicles 25 tariff etchv batteries 50 on semiconductors, 5 tariff on steel, 50 tariff on medical supplies biden attacked trump policies for china. My predecessor promised to increase american exports boost manufacturing built did net he sailed signed to buy 00billiondol
Jonathan krinsky, the path of least resistance, new highs. Are you on that page, too . Im on that page for now for sure after powells dovish comments, and i said this last week or the week before, after the market sold off a little bit, whats going on here . He put a flurry into the market and said no more rate increases. So if you were worried about that, thats off the table now what was jomo turned into fomo the joy of missing out as the market was declining has turned into the fear of missing out genl thats the narrative thats been constant for the last year, i think it is, and im the longest ive been in memory, actually, and its not because my memory is short, as youre about to say. Im glad you said it. Our viewers were thinking it im glad you confirmed it. I wanted to get that out there. I think moderation is in order here i actually think Inflation Numbers will be weaker tuesday and wednesday. Youre longer the market now than you can remember being . Yes, correct. Wow even in the