Life from bloombergs European Headquarters here in london. Im Francine Lacqua. Lets get straight to the board and to the market. Here is the picture for european stocks. We did see a reversal a little bit. A lot of these asian equities, the euro stoxx 600 getting down to 0. 5 . I want to focus on german bonds, the 10 year at a new fresh record low. Pulling off 50 a barrel. The japanese 10 year bond yield sinking to a year sinking to a low. Caroline francine, thank you. Chinas export exports stabilized in may. Overseas shipments fell in dollar terms. Imports slipped just north of. 4 . Meanwhile the pboc has kept its 2016 growth forecast unchanged. It provides that cpi forecast up from 1. 7 . Japans economy grew slightly more than reported in the first quarter, helped by revisions and private consumption. Gdp expanded 1. 9 giving some relief to shinzo abe. The british Prime Minister and leader of the u. K. Have argued each side of the exit issue in a tv special of the brexit issue in a t
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
Getting out of utilities tel con. Weve talked about tech day after day. I think tech and bio tech could be the drivers of the nasdaq to start lifting this seasonhigher. You look at names like microsoft. The names that havent participated yet if theres participation there, that could lift the nasdaq up. Take a look at that. Some of techs biggest players. And they to petes point, have not participated, so we need these guys to tart pitch ng in terms of weight. Do you think thats going to happen . Its company by company and i think apple, youve got a couple of quarters that arent going to be that late. Thats been something thats been building over the last months for sure. Certainly post brexit. As weve gotten comfortable with the world. If you believe the payroll numbers we had on friday, telling you the u. S. Job market is fine and that the fed is sidelined and that chinas not a risic and oil isnt going to create a credit kris i all of these things that were holding back growth, tech wi
People of puerto rico need to know they are not forgotten, that they are part of the american family, and Congress Plus responsiveness, even though this is not a perfect bill, at least moves us in the right direction. Amy while president obama vows to help the puerto rican people, a stunning new report has just been released showing how much of the debt owed by puerto rico is not actually money that the island borrowed, but instead interest owed to wall street firms including goldman sachs, citigroup, Merrill Lynch, and morgan stanley. In some cases, puerto rico is being paid forced to pay up to 1000 interest. Then we will speak to the dishwasher at Yale University who was arrested after breaking a stainedglass window depicting enslaved africans carrying cotton. We will also speak to professor Craig Steven Wilder author of , the book, ebony ivy race, slavery, and the troubled history of americas universities. All that and more, coming up. Welcome to democracy now , democracynow. Org, t
And syria. We will go to nice for the latest. Then to the debt crisis in pupuerto rico. People of puerto rico need to know they are not forgotten, that they are part of the american familily, and Congress Plus responsiveness, even though this is not a perfect bill, at least moves us in the right direction. Amy while president obama vows to help the puerto rican people, a stunning new report has just beenen released d showing hohowh of t the debt owowed by puererto is not a actually momoney that e island borrowed, but instead interest owed to wall street firms including goldmaman sachs, citigroup, Merrill Lynch, and morgan stanley. In some cases, puerto rico is being paid forced to pay up to 1000 interest. Then we willll speak to the dishwasher at Yale University who was arrested after breaking a stainedglass window depicting enslaved africans carrying cotton. We will also speak to professor Craig Steven Wilder a author of , the book, ebony ivy race, slavery, and the troubled history of