Much more. Daniel your in will join us and find out where he things oil is headed. Alex hill is here and that means one thing. Oil and copper. Down by a 10, the underperformance on the dax in frankfurt down by almost 138 points. The losses in asia as well, with shanghai having its biggest drop. To the bond market, yields on treasuries grind low on. 60 . 62 . Ono sterling approaching that particular pair. We will be over those for you. Lets get you up to speed on the top stories and check in with the Bloomberg Team. Is on the markets. Megan murphy in washington on the latest reaction from clinton and trump on the worst mass shooting in u. S. History. With begin with brexit growing anxiety over the u. K. Exiting the european union. Anna edwards is live. Lead in one poll for leave and it is looking to close to call. 10 days to go until we get to the Eu Referendum in the u. K. The pound is under pressure. En and gold surging the pound down against the yen and the dollar. By the most in nea
Lee k shang lee k shang. They are revealing a new location for the Gemini Bitcoin exchange. A fundamental shift in the last 24 hours, a swing back towards remain over the weekend with the markets moved to go with it. Big gains in new york, the biggest pop since august of last year. It will continue with features firm. Board, a bigthe day for sterling yesterday, the biggest pop since 2008. The gains continue, pretty much unchanged for 2016. The euro is just a little bit lower and the fed chair is that to speak in just a few hours time. The euro down 1. 68 on the u. S. 10 year. David ok, john. Thes check in with Bloomberg Team for an indepth coverage of top stories. Anna edwards and it is in westminster and guy johnson is an london. Is in brussels, and Erik Schatzker is an washington. Jonathan all reporters and the lives of the stories are stacked. Withdwards joins us live the very latest on the polls from westminster. Guy johnson alongside me to talk about the market reaction. Anna, the
That we saw yesterday, increasing concerns about whether or not the fed is going to raise rates in june. Does the fed threat then rally . I dont think. So im not going to speculate on when theyre going to raise rates. The bottom line is you know theyre going to raise rates. It could be june or september, next year. What the real important question is what are you doing in the fixed income market if the feds raise rates you . Know theyre going to go up. Its just a matter of time. And i get very, very concerned about the 3. 5 trillion that is sitting in fixed income mutual funds as i look forward into a higher rate environment. They could be potentially at risk. Talk to me about stocks. Do you do anything differently with your stock portfolio . No, not at all. If you look at the market, i think the market is in great shape here. Reminds me of 1982 to 2000 market where it was up each and every year. Except for 1990 when down. 5 . One thing that you have to look at this market is theres no
Very good morning and warm welcome to you on Worldwide Exchange kicking off now on cnbc. Im wilfred frost with kayla sitting in for sara. Good morning. I like that youre playing the weekend music. Gets you in the mood. Even though it is 5 00 a. M. It is basically the weekend. Lets see what the markets are doing now. U. S. Equities open lower, gained traction throughout the day. Finished about a quarter of 1 higher. This morning, pretty much bang on flat in the premarket, s p slightly in red, treading water ahead of the jobs number which comes later today. All eyes on that and the implications for what it means for possible fed rate hikes. Lets look at the tenyear note, what is the bond market doing this morning. Were bang on 108. We just have come down on the yield. Seen a little bond buying during the course of the week, close to 1. 9 earlier in the week, now at 1. 8 . Everything rests on todays big market story, the u. S. Employment report, forecasters say the economy likely added 15
Newly realized Household Energy savings. Quote, a number of participants suggested dampening effects of the earlier appreciation of the dollar on net exports or earlier decline in oil prices on firms investment spending might be larger and longer lasting than previously anticipated. Some members expressed concern over the lack of spending, despite savings from cheap every gas prices. And as for the question will there be enough information by junes meeting for a rate hike . Quote, a few anticipated that the information that would accrue by the time of the june meeting would likely indicate sufficient improvement in the Economic Outlook to warrant a rate hike. Many participants though however, it says, thought it unlikely that the kate Data Available in june would provide sufficient confirmation for conditions for raising the federal funds rate had been satisfied, end quote. That meeting, melissa is june fifteenth and 16th. Back to you. Melissa thank you very much. President plosser sai