New jersey lawmakers have introduced legislation to protect our local Water Systems in each of the past four sessions of congress, but their efforts failed. They say they hope this time, with more attention to the situation in flint, and to our nations infrastructure needs in general, things will be different. Weve underinvested in our infrastructure and were paying the price. These systems are badly degraded. We need to fix them before we face any more threats to Public Health and public wellbeing. We cant sit back, do nothing and allow any Public Health crisis like what happened in flint. I believe thats a call to action to invest in americas water infrastructure. Im kerry drew. Ernie thank you very much. Lets continue our conversation. Joining me now, very happy to have her with us, emily lloyd, the new york city commissioner, the department of environmental protection. Thank you so much for joining us and helping us with this subject. You know a lot of people are flint, michigan. W
The marks since the yellen conference a good 10 days ago. Francine yes, tom, i think they have been trying to look at the course. Now lets get straight to the bloomberg first reviews. Heres vonnie. Francine, thank you so much. Vonnie they want to know just how invested the banks are. They show how the rich and powerful shell companies, greece has their loan has otten rockier. And credit event in greece, the managing director christine la guard told us. And a poll shows 5 want to stay in the European Union and voters says undecided e more likely to maintain since the first time Global Military spending is on the rise. 215 billion, less than half the u. S. Figure. The philippines and indonesias response reas flaps to the chinas movement. And impeachment proceedings that are you receives lawyers says they took out ans to state banks due to global news 24 hours a day pouffered by our journalists around the world. Tom and a lot of Corporate News. Not only the Corporate America and the disne
Everybody. Im anna edwards. Lets update you on australia. Getting a few headlines coming through and if you market moves as a result of a reduced inflation forecast. Ive got a chart here. Inflation going down under. This is the headwinds, the challenge that faces the rba, like many Central Banks, hit by this global disinflation. This chart goes back to the 1990s. As a result, you saw the aussie on the move. Lets have a look at the risk radar. Real weakness coming through in the aussie as a result of this move. Yields on bonds lower. Threeyear yields hitting a record low in australia. Eightweek low on the australian currency. The big question, whether the central bank will do more to sperry inflation. Ive got the dollar index pretty flatness hour, but it is of course jobs day in the u. S. Headed for its biggest weekly increase in six months. The yen increasing against all major peers. Wti at 43. 84. Lets get to Arcelor Mittal, getting numbers from the steelmaker. This is the Worlds Larg
Today is the worst today. Is the worst behind this now . Behind us now . Iss than an hour from open, lets take you to the bloomberg and show you what is happening in terms of expectation. This could all change later on. At the moment we are called down in europe. Your stocks down. 6 . Euro stoxx down. 6 . Dax is off. 4 . Payrolls could change everything. Lets take you to the other assets around the world. Clearly the aussie is focused, down 1 . 53. 90 is where we are trading. How far behind the curve is the aussie gain . Are we going to see further cuts . Brent trading down. Shanghai down 1. 64. Barely flat. What do you need to know . Heres earthward news with juliette saly. Juliette the aussie dollar has dropped to a record after it reduced its outlook for core inflation. Underlying inflation of 1 to 2 , down from the 2 to 3 forecast in february. It will be a challenge for governor phillip low. U. K. Voters have given their first verdict on germany kormans Jeremy Corbyns labour party.
Welcome to the pulse live from bloombergs European Headquarters in london. Im francine lacqua. Today is all about the u. S. Jobs data and whether it can give us an indication of what janet yellen may or may not do in june. This is a picture for the msci index. Down 0. 2 . We are down on the week, the biggest weekly loss since february. Yen rising a touch ahead of that key american jobs data. Haven,u look at yen as a weve seen it increased this week. Lets get the bloomberg first word news with nejra cehic. Nejra the aussie dollar has dropped and bond yields have fallen to a record after the rba reduced its outlook for core inflation. The quarterly statement sees underlying inflation of 1 to 2 this year. Disinflation will be a key challenge for incoming rba who willphillip lowe, succeed Glenn Stevens in september. U. K. Voters have given their first verdict on Jeremy Corbyns leadership of the labour party. Early results suggest sustained losses across england and in elections to the Scot