damn, i love you guys. plus. closing bell rings the ai rally rolls on. wall street makes it a fourth record close in a row, led by big tech. but is the boom turning into a bubble? welcome to business today. i m mark lobel. we start in italy where leaders of the g7 group of industrialised nations have agreed a $50 billion loan to ukraine, to be funded by the profits from siezed russian assets abroad. it comes as president biden signed a 10 year security agreement with ukraine s president zelensky, that will include intelligence sharing, troop training and investment in ukrainian industry to help it ramp up arms production. he said the deal showed russia that ukraine s allies aren t backing down. back in 2022, two days after russia s invasion, members of the g7 and european union worked together to freeze $280 billion in russian and central bank funds outside of russia. i m very pleased to share that this week, this week, the g7 side of the plant to finalise and unlock $50 bill
Anna warm welcome to bloomberg daybreak. It is the first jobs report under the tenure of the new president. Steady as she goes seems to be the consensus from the markets. Thenumber is 180,000, below six months number and below the 12 month number. On the nose at 100 80,000. Who is hiring . Itroll is feeding through that it is the small firms that are hiring. 18 of the small firms are doing the biggest share of the hiring but it will be all about the wages. We are looking for 2. 5 . Anna it will be interesting to see the response politically we will get. Trumpt extent will donald take credit for the resurgence in the animal spirit and the increase in job creation. During the campaign, he was casting doubt on the validity of the unemployment data sticks. Saying that a head the unimpressed that they hid unemployment. Honda is listing their operating profit outlook two ¥75 billion. They are giving their numbers. It is coming in above as to meds. A good set of numbers from honda. But polit
But has it been a success or has it sewn more confusion . We talk about that in the program. European leaders discuss transatlantic duration relations in malta. Matt that will be an incredibly interesting must watch interview. Justin about an hour time. See very little change to equity index futures. Orlly, no change in london here in frankfurt. In paris, you see a little gain about 1 10 of 1 . Some really interesting moves today and i think the news is driving yield markets. Guy have you got the bunds up . Response to the news we had out a little earlier. And fundo doddfrank management. We will talk about that, is it a good thing, a bad thing customer we will talk about that. The yen is down a little bit. The bloomberg dollar Index Trading up by around 1 10 of 1 . It is payroll day. Remember the adp report we had earlier in the week. Well talk about the correlation later. Matt shoji the futures. Showed you the futures. Nd yields,e bud beginning to fade a little in reaction to what is
Headtohead with apple music and spotify. Tesla taking reservations with a massmarket vehicle on the third 35,000 model three. People put down a 1000 reservation on the car. It will not be available until 2018. His master plan to enter the highend of the market and then drive down the market as fast as possible to higher volume and lower prices with each successive model. William explains why tesla needs the model three to sell like hotcakes. The model three is arguably the companys most important vehicle yet. The new car will not launch fully until next year at the earliest will be priced more for the massmarket. With massmarket comes competition. Their success today mean s competitors like gm and bmw are working hard to catch up. Just five years ago, there were only four electric models in the u. S. By the end of next year, there are expected to be almost 60. As any car dealer knows, the more people you are up against, the harder to make a sale. The more you have to spend to promote a
Countdown everyone. Let us start with some breaking news. Let us go to scandinavia. We have firstquarter numbers coming through from the scandinavian lender. They are talking about their net krone. Numbers at 4. 31 that looks to be ahead of estimates. Around the broader operating conditions they see week stock market producing Lower Commission in comfort that is a backward kind of statement about the previous quarter. They talk about q1 net interest coming in at 5. 2 one billion krone. They talk about increased lending volume and a lower market Interest Rate weighing on their net Interest Income. That is interesting because we had diverted views regarding these numbers. Divergent numbers regarding these numbers. Through has increased 2015 and that would make life tough for this business. They have a new ceo. She is said to be talking to us 9 20 a. M. Oomberg at u. K. 10. Frome also getting numbers the aerospace and defense industry. First quarter adjusted revenues rising by 7. 8 year o