Street, the trading perspective. Roger from the economic perspective. Well bring you the results as soon as they are released. Kate kelly is standing by with all of that. How about twilio soaring on its debut. Its just under 28. Granted thats not saying much. But a hello they debut here for twill owe. Well discuss whether it could spark a new rush. Wow, did they leave money on the table. I dont know. In this climate . Priced above the range. Its the indication. Its a Business People can understand and theyll like. We will see. Lets start with our full Team Coverage of the historic brexit vote. Everybodys in london this week. Wilfred frost has the latest numbers for us. Kayla tausche also and sara ice never. The betting has moved. We were as long as 7 1 for an exit. Its now 5 1, implied probability expecting to remain, 83 . But a slight improvement. They havent had any polls for quite some time. Now its 4846, leave. What does the next few hours hold for us . As you said, polls close 5 0
A policy that on average would hold the inflation rate below 2 . That is not our policy. We want to see the inflation rate get back to 2 as rapidly as we can. But there are lags in the impact of Monetary Policy on the economy and if we waited until inflation was back to 2 and that would probably mean that unemployment had declined well below our estimates of the natural rate and only then did we start to begin to you know, the word tighten Monetary Policy i dont think is really right because we have an immensely accommodate testify Monetary Policy in place. So let me say just to begin to diminish the extraordinary degree of accommodation for Monetary Policy we would be overshoot we would likely overshoot substantially our 2 objective and we might be faced with then having to tighten policy in a way that could be disruptive to the real economy and i dont i dont think thats a desirable way to conduct policy. Gina, bloomberg news. You mentioned earlier that there is always going to be som
Two if by sea. Jane wells covering the problems out at the ports. She is live between the ports of l. A. And long beach, and, diana olich is on the land. Surf and turf here. Shes on the land in washington. Interest rates rising. Home Sales Numbers not. Diana, youre first. Well tyler, look spring housing is not getting off to the best start. Higher Interest Rates in a pitful supply of homes for sale are squeezing potential buyers. Now, Weekly Mortgage applications showed just how sensitive todays buyers are. Rates rose to their highest levels since early january. 30year fixed at 3. 93 . Its still under 4 . Even at that historically low level, applications to purchase a home dropped 7 for the week. They are barely 1 higher than one year ago. Rates moved even higher where heed. Does that mean real cash money . Well a borrower taking out a 200,000 mortgage today would have to pay just 42 more a month than they would have if they had bought on january 1st. Now, that might seem like chump ch
How long have we been working at bloomberg and never had a chance to sunset together . Since the reagan years. This is a first. We were talking about it yesterday. Im thrilled be sitting here with you. Were talking about cut rate cornerbacks, the football this weekend, a lot of people are the big spenders on these know, the it as you super bowl is coming to new jersey. It will be in the meadowlands. They will be freezing. We will be watching from the comfort of our homes. We will get back to that in a minute. T is time for the news the top business stories from around the world. Morgan stanley profit fell 70 due to costs of bank securities. And litigation. The bank achieved this gold on costcutting and reducing capital used by the tracing trading. Smog hit hazardous letters in chinas steel producing region. Pollution is 17 times the safe level recommended by the world health organization. The Chinese Government has asked local authorities to reduce illusion by up to 25 over the next th
And well talk about that, whether the markets weary of chair yellen. Also, were expecting perfection. Anyway, when the bell rings in about an hour, thats when the action here might really heat up. At 4 00 p. M. , a new crucial rounds of Bank Stress Test results are due out. Well have that vital report on which banks made the grade and which did not, if any. And the financials have been very strong today, as they were yesterday. 18 of the s p 500. Jpmorgan is up like 6 this week. So expectations, if you want to put it this way, are pretty high. Well find out more in about an hour. Plus, nike reporting earnings. Keep it here for the numbers on that one and what it means for consumers. Of course, tomorrow morning well shift our focus to tiffany. Thats still some time away. A busy hour next hour. Thatll be fun. Plus, googles larry page says if he had to give away his billions, he would rather give all that money to elon musk than any charity. Now, before you judge him, wait until you hear