Investigated as a possible factor in the mexico fireworks market explosion. Officials say some of the stalls may have been too crowded, at least 35 people are dead and dozens more wounded. Authorities say the death cold still could rise and badly burned children are being treated in galveston, texas. Global news, 24 hours a day, powered by more than 2600 journalists in more than one to 20 countries. This is bloomberg. Scarlet live from bloomberg headquarters in new york. Im scarlet fu. Joe and im joe weisenthal. Scarlet stocks are retreating with indexes recovering from alltime highs. Joe the question is, whatd you miss . Scarlet the Italian Government may have to rescue monte dei paschi after they dropped their efforts to bring in capital. We will take a look at why this could be trouble for bond holders. And weighing in on potential changes for banking regulations could lead to large returns for wall street. Thein a special sit down, jpmorgan ceo, jamie dimon talking about detroits r
Getting because we have a long weekend of no trading this holiday. Jonathan lets go around the world and check in with our bloomberg world news. Mike mckee is in new york. Then, a wrap of the g7 meeting. And then another warning about the cost of a brexit. Time, thetes government updates data on growth. We are joined by mike mckee who says the fed is likely to focus on bad news in the numbers. Mike half a percent growth in the First Reading of the First Quarter. That is likely to be revised up according to forecasts, but others on wall street will be focused on two numbers in the report. One is business spending and the other is our first look at corporate profit for the quarter. In the april minutes, there was a lot of talk about why business spending has contracted. As theyall companies decline, business spending has contracted. We saw that yesterdays durable goods report with capital goods unexpectedly falling. If we do not see profits rise, will be economy keep growing out a strong
America. You should be able to learn a skill, practice a trade, make a good living doing it so Many Americans have the talent and the will to in america. You should be able to learn a skill, practice a trade, make a good living doing it so Many Americans have the talent and the will to succeed. Whether they are kids right out of high school or orlando older people displaced by automation and outsourcing. Too long promises about the power of training and retraining havent delivered like they should. It doesnt help anybody to be trained for a job that doesnt exist. Heres what were going to do. We will support high quality Union Training program. We will propose new tax credits to encourage more companies to offer paid apprenticeships that let you earn while you learn. We will do more including a National Campaign to dignify skills training across the board. I think we got to reverse what has become a kind of common place you. Which is Everybody Needs to go to the college. More than half
Bloombergs ramy looking at the Michigan Consumer index. Is the number coming out right now 89. 7. This is the lowest since the month of october. The median forecast was higher for this. The prior for march was 91. This the lowest since october. The highest point in the last year was 96. 1, setback in june. Let us see how this is impacting the market specifically with the s p right now. Right now, we can see it is pretty much flat. Just a little bit lower in the past few minutes. We are seeing an extension of that loss to 0. 12 . The s p 500 there and the dow is down. The nasdaq paring losses from 1 . Er by 2 10 of a with that said, let us also go ahead and dive into my bloomberg and i want to bring up the which is a check of the s ps 10 sectors. We can see that three out of the 10 sectors are in positive territory. We are seeing an increase in negative space here with energy the most down by 1. 1 . Did have to say that financials were the biggest leader, but we can see right now that t
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