Good morning. This is bloomberg surveillance. We have a lot to get through today. Coming up in our weekly brexit show we speak with the u. K. s shadow trade secretary. First things first. There is so much talk from hawkishness from the central bank feedings through to the markets. Equity markets. Now theyre back up. We did see a selloff in u. S. Stocks being reawakened. The quarter is drawn to a close. Bonds extending some of the losses. Central banks seem to shift towards a more hawkish tone. The picture for crude oil, above 45. You can see the vix, 2 higher. We will have plenty more for the market shortly but first lets get to the bloomberg first word news. Andastian donald trump Vladimir Putin will meet for the first time next week among heightened tensions between the u. S. And russia over the future of the war in syria and moscows intervention in the u. K. And investigations into russian medley in the u. S. Election. The revised travel ban is facing a new court challenge. A new se
Look at what could be next. Mark welcome to countdown. I mark barton. Caroline im caroline hyde. We bring you the interview with the queen of soul, mary j. Blige. Mark telia First Quarter net income 3. 7 one billion swedish kroner in their estimating 3. 3 billion. The company says profitability slowed in the quarter, but it expects its performance to improve over the year. Back in january, they said profit will not grow. It has kept that forecast. Profitability this year will not grow. That is excluding onetime riders. Firstquarter net sales, 26 billion swedish kroner. Analysts were estimating 25. 4 billion. This is a Company Whose business is predominantly focused in sweden finland, with the when you come up let field lithuania latvia and estonia. Also with russian satellites in cause extent kazakhstan and other places. It is planning to merge its data shop with eleanor. The eu has probed into the deal over concerns it could raise prices and thwart innovation. We will speak to the chi
The association of bay area governments told us today that they dont know where the cuts are going to come from or how much they are going to be. The focus of a lot of cuts is decent and as you know, we took that hit a long time ago on our local economy. Reporter for the bay area the biggest hit would be to education with california schools losing up to 87 million. And another 62 million in losses for special education. And while the cuts would put more pressure on local schools, San Francisco said today even if the sequester goes through, they, quote, wouldnt cut services to students with disabilities even if the federal funding is cut end quote. So how much of this is policy and how much of this is political hype . You know, im not an expert ton that but you could say some of the statements have a political motive behind them. The other thing thats a problem for the administration where this is concerned is this is now the second, third or fourth time we have been to the precipice an
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