Have lifted sanctions linked to Irans Nuclear program. The European Commission says it is working constructively with turkey on visafree travel after turkeys foreign minister said if the eu does not make good on its promise to let turks visit europe without visas, turkey will not help the block with refugees. Bloomberg west is next. Emily this is bloomberg west. Coming up, the Stanford University president stepped down this summer, but his legacy lives on. I will speak with one of the tech communitys most influential pioneers. Plus, with 150 million active users and counting, turning attention to avenue. And a oneonone with the motor city matriarch. We catch up with general motor ceo for an exclusive interview how she is attracting top tech talent from Silicon Valley. First, to our lead. John hennessy will step down as president of Stanford University this august. He has reigned over the university for 15 years after raising more money than any university in a decade and attracting mor
Borenstein. Amanda lets check in with our Bloomberg Team for indepth coverage. Miller in berlin as german low, andp to a record andr current enda curran simin demokan. David we begin in london. Mario draghi and company have begun buying Corporate Bonds. Lets bring in guy johnson. What do we know if anything about which bonds they are buying . Guy they are looking for the most liquid bonds. This is a new phase for mario draghi and the ecb. It is looking to step up its program, boost its Balance Sheet, trying to get money in different areas of the economy. It is buying the most liquid names in the corporate sector there, anheuserbusch. They have been buying spanish telephone companies. Liquidig names with big pools of Corporate Credit that they are stepping into. The Bond Buying Program has been rippling into other assets so you see it affecting the equity market. Affect also. Year buy aroundoking to 5 billion each month, and we will find out where. That the market has been front running
30 minutes into the trading day, lets head to julie hyman with the latest. Julie stocks extending yesterdays gains. People still that jesting what janet yellen had to say yesterday, confirming the idea that the fed is not going to raise rates in june on the heels of fridays jobs report. It is a commodity led rally, at least energy led rally. The nasdaq is just eking out again. S pe have been noting, the is 1 away from a record close, which is about 2130. It is 2134 on intraday basis. The dow rising by 62 and a half points. Energy is once again in the top spot. Industrials also doing well. Health care is the biggest drag on a lot of different corporate stories. We will get to one of those in just the second, but i didnt want to note that apple is rallying for the second straight day. We talked about making a strong month for apple and its recovery helping the averages overall. It is the largest weighted stock. Isr the two day, it helping stocks going higher. Biogen coming out and saying
Investors are asking if sterling falls and if inflation shoots up, does the bank of england have a hike rate . E brexit could cause spillovers into the u. N. Economy. Core inflation. But it does see a pickup in inflation. Its delaying investment and spending decisions and the brexit could materially affect inflation and the g. D. P. And jobs. They are not stopping, warning about the risks of brexit. Only a few months ago he said he wasnt going to wade into a Brexit Debate. How things have changed since february. No terrific moves off the back of that warning. My question to you would be, the labor market yesterday, solid. The warnings, do you think into the data . Thats a good question but the p. M. I. Data suggests it is Second Quarter is at. 2 . As you know the end of last year we grew. 4 . The big question for economists and the bank of england is how much of a slowdown of the economy is brexit related . We have had a suggestion that some of the slowdown might be nonbrexit related b
Lacqua with tom keene in new york. Tom it is a quieter economic day after the festivities with janet yellen yesterday. Give us some perspective on that better than good number. it is better than expected but only a touch. First quarter gdp growth has been revised up, but i think what we worry about in europe is that we are becoming a little bit like japan, that we need to get used to this Slower Growth rate. We will get paul donovans thoughts on that, but lets get to the bloomberg first word news. Istanbul, a car bomb targeting a police video has killed 11 people. Seven Police Officers are among the dead and no one has claimed responsibility. Two new opinion polls show the u. K. Referendum on leaving the European Union is too close to call. The poll for the Daily Telegraph says 48 of those definitely planning to vote are in favor of staying in the eu, with 47 wanting to leave. Another poll conducted by the times has the remain forces tiered, 43 to 42 Hillary Clinton now has enough dele