Than expected. That means we have a bit of a risk off move. We had moves from the central bank of new zealand, and overall, new zealand stocks are gaining. There is quite a lot of movement when it comes to commodities and we will have a full roundup of centralbank action and its impact on stocks and commodities. Coming up, we speak to the commerzbank chief Financial Officer. Dont miss that interview live later on bloomberg surveillance. Lets get straight to bloomberg first word news in new york city. Chinas currency policy is staying at the forefront of the trade war. Referenceet todays rate at marginally stronger than seven a dollar. Avowing to keep the Exchange Rate is vowing to keep the Exchange Rate study. Westminster and brussels blame the other for the diplomatic breakdown. Michael gove is in charge of planning for a no deal and says the eu is not bracing for a new agreement. The Prime Minister has made it clear he will not sign a deal that includes the irish backstop from a red
Rates because they have already accounted for trade. Id weve taken caracalla weve taken care of that, i didnt have to worry about every up and down in trade negotiations. The nature of the war is that you have titfortat going on all the time. It is not reasonable for Monetary Policy to respond to all of these threats and counter threats. Weve already taken that into account. Trade regime uncertainty is high , and we are putting that into the Monetary Policy calculus. Alix then you have a three month tenure curve that doesnt want to listen threemonth10 year curve that doesnt want to listen. David i dont think markets believe him. Alix it is an extraordinary day shaking out. Equities continue to climb. We are seeing some followthrough buying, watching some moving averages. In asset classes, it is a really unbelievable day. Money flooding into all bonds. Europe. Ves over in almost 60 basis points in the tenure german bund yield. Amazing actions by Central Banks across the world, new zeala
Jimmy thank you very much. Wow thank you very much, everybody [ cheers and applause thank you very much, everybody give it up for the roots right there, ladies and gentlemen. [ cheers and applause please have a seat welcome, welcome, welcome to the tonight show everybody guys, it is the weekend and this sunday is the indianapolis 500. So between Memorial Day Travel and the indy 500, its a great time for people who love being stuck in the car [ laughter and applause thats right, its memorial day weekend. And i read that veterans and Service Members can get discounts at outback steak house. [ light laughter ] cause nothing says thank you for putting your life on the line like 10 off a bloomin onion. [ laughter and applause this isnt good. The department of agriculture just recalled over 60,000 pounds of raw beef, due to concerns about ecoli anyway, enjoy those memorial day bbqs, everybody [ laughter and applause have a great one lets get to some news here. Today, President Trump left for
Reporter on a quiet residential street, we found the man working on a front lawn display which has generated complaints. That was my neighbor. Shes a real nice lady everything and. But she said she didnt like that symbol. Reporter i asked him when his yard display meant. No. 1. Its the designing, the hand rail on my house. Just get the weeds out of there. Reporter when i pressed him on that answer, answer no. 2. A tibetan symbol. Thats a life symbol. Tibetan priests used to have that way before hitler. Not a naughty swastika symbol . No. Reporter in ancient time, most but not all swastikas arms pointed in a counter clockwise direction. Zi swastikas point clockwise, as does the one in his front yard. I got no hatred in me. I love everybody. I thought it was gonna resemble Something Different when it was done. I didnt think twice with about it. I still dont know what its gonna look like when its done. If hes doing what people are worried what hes doing with it, i could see why somebody w
Im sorry from the bottom of my heart for note speaking up. Reporter the mayor publicly apologizing to remain silent to what many perceived as homophobic speech at the city council meeting. The mayor and two other Council Members voted down the idea of flying the flag. A change tuesday night, the mayor donning a rainbow sash after hearing from supporters of the lgbtq community. I do not make my mind up based on those. Flying the flag hurts nobody. Not flying the flag is a slap to our lgbtq community. Reporter City Council Woman jean joziy regrets how the issue was handled. It wasnt about anything personal. Reporter resident mike grant brought up the argument if you hang one flag, you must hang others. He brought his nra flag the first time. He didnt bring it tuesday night he want and others still contend fair treatment in consideration when it comes to the flags. I want to make sure that everybody else gets a fair shake of putting their flag up. Reporter earlier tonight the city council