Down nearly 3 . Trumps iowa rally happening hours before he delivers of course his big speech in pennsylvania where he is laying out child Care Affordability plan. This has been a quite a pet project of his daughter. She will be there alongside him tonight. Anyway, lets listen in for a moment here now as he campaigns in iowa. [cheering] farmers are being left out in the cold. Family farms are the backbone of this country. Well end the epa intrusion into your family homes and your family farms. [cheering] we are going to protect the renewable fuel standard, cornbased ethanol, eliminate jobkilling regulations like the waters of the u. S. Rule, and provide desperately needed tax relief. [cheering] our plan lowers the tax rate on family farms down to 15 from 35 . And you watch your farms grow. You watch businesses all over the country grow. You watch jobs come back. It will be a beautiful thing. And remember this, the double taxation of family farms at death. You want to leave your farms t
Want to control a currency they are apparently great when you want to control a currency. Not so good were a to bring that survey later on. Negative on negative rates. That is what were talking about. We have great guest lined up. Heres Caroline Hyde bloombergs first word news. Caroline the peoples bank of china has raised reserve requirements after determining the increase in loans to quickly. Sources told bloomberg the move by the pboc comes data desk comes after data comes after with the p boj following with the boj falling the pboc with negative rates, 27 of respondents in a survey say negative rates will reach thenor kuroda feeble inflation. The volatility is succeeding in the euro area. A 9 billion fund manager made a mistake about the outlook for markets. 99 in the last has most of his fund in cash. He said he had no immediate plans to buy shares. Donald trump has described pope , afteras disgraceful not bridges is not christian. Republican president joe president ial front runn
Coming up, two guys who are facing off each other in the ring when it comes to puerto rico. Jim millsteen, renowned restructuring attorney, advising puerto rico. Well talk to him about puerto rico. He was at treasury during the financial crisis. Knows a lot about that is go on with the European Banking system. Well discuss that with him as well. And ambac could lose a lot of money if jim millsteen gets his way. Well talk about that coming up. What is happening in puerto rico, guys, emblematic of what is happening in the world. Too much debt that people, governments, companies, cant pay back. Tyler, back to you. Thank you very much. Enjoy the warm weather down there. About 22 up here in englewood cliffs. Janet yellen getting grilled on capitol hill. The verb we always use when somebody goes up on capitol hill it seems, saying negative rates are not off the table. Lots of red numbers right now. Lets look at the dow, which is off by 322 points, not the lows of the day, but nevertheless, b
Are headed for a week of gains on the stoxx 600, up to four weeks of losses. Crude is the story. Wti down two percentage points, about 40 bucks a barrel at 40. 66. The Iranian Oil Minister will not be in doha. They are sending a representative. What does that mean for an output freeze prospect for all of them . Lets get to vonnie quinn. Vonnie Bernie Sanders and Hillary Clinton went on the attack last night, facing off in a debate in brooklyn ahead of new yorks crucial primary. They questioned each others judgment and record, the former secretary of state pushing back hard on criticisms of her decisionmaking. He questions my judgment, but the people of new york voted for me twice to be there senator. And president obama trusted my begment to ask me to secretary of state of the united states. Vonnie the debate was their first meeting since the campaign moved into the empire state. Voters head to the polls tuesday. Another casualty of the panama papers, this time the spanish industry min
In on the markets right now. Ramy. Head over to ramy im going to call the session on to middle because we have going between the red and the green. You can see that we are pretty much at the zero mark across all of our major markets. Less than a 10th of a percent down across the board here. Some of this confusion might be coming from some negativity and positivity from the u. S. As well as around the world. U. S. Factory output from march down. Output upactory and china gdp up 6. 7 , which is on target. Let us also switch to look at right now and the u. S. Dollar is lower across the board against these major currencies. 1. 42 for the dollarbritish pound and one dollar will get you ¥108 down there. I will also talk about oil because it is on the mind of everyone as we head into sunday as that is going to be the round of the doha conference. Down, but off of the order of nearly 3 here. When it comes around, if those countries do fail to make any kind of freeze, you might expect to see o