Figure in focus as investors search for clues about the next fed rate hike. With the u. K. Election less than a week away, we speak to iain duncan smith. Good morning. This is bloomberg surveillance. Im Francine Lacqua here in london. Theres a lot of news today and that has loads of implications for all the data across the board. Lets get straight to it. Global stocks are up. The nikkei 225 stock average topped 20,000 points for the 2015. Time since this is mainly as private american hiring data bolstered confidence in the economy. We have to wait for that jobs data today coming through. This is what were seeing for pound, weakening a touch. Look out for pound. We are just seven days until that election, june 8. Yen, im seeing a little movement. 111. 56. Crude oil, we will be speaking to the opec secretarygeneral shortly. Lets get straight to the bloomberg first word news. Nejra we start in the u. S. The Trump Administration has asked the u. S. Supreme court to reinstate its travel ban
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RESEARCH AND DEVELOPMENT: President Biden’s latest climate announcement is speaking Republican lawmakers’ language: clean energy innovation.
The White House, following its first National Climate Task Force meeting yesterday, unveiled a new Climate Innovation Working Group to coordinate research and development across federal agencies on nascent low-carbon technologies.
As a first step in that effort, the Energy Department said it would provide $100 million in funding through its energy innovation hub, known as ARPA-E, for early stage research in “cutting-edge, disruptive” clean energy technologies. The working group itself, the White House said, is advancin