Figure in focus as investors search for clues about the next fed rate hike. With the u. K. Election less than a week away, we speak to iain duncan smith. Good morning. This is bloomberg surveillance. Im Francine Lacqua here in london. Theres a lot of news today and that has loads of implications for all the data across the board. Lets get straight to it. Global stocks are up. The nikkei 225 stock average topped 20,000 points for the 2015. Time since this is mainly as private american hiring data bolstered confidence in the economy. We have to wait for that jobs data today coming through. This is what were seeing for pound, weakening a touch. Look out for pound. We are just seven days until that election, june 8. Yen, im seeing a little movement. 111. 56. Crude oil, we will be speaking to the opec secretarygeneral shortly. Lets get straight to the bloomberg first word news. Nejra we start in the u. S. The Trump Administration has asked the u. S. Supreme court to reinstate its travel ban
Nike on a downgrade from jpmorgan after those layoffs yesterday. Apple getting serious on content hiring two big time executives from sony. Well go live to miami ahead of the president s expected announcement on cuba this afternoon. We are getting some breaking news on whole foods. Holy cow. I heard you gasp just now. This is such a game changer amazon to buy whole foods. You know yesterday was a day for kroger that was tough today will be an even tougher day. This is a game changer this is it this is what everybody thought could happen they will now dominate food within the next two years. Wow. Just yesterday we were reading a piece in texas monthly, john mackey, basically going after activists saying theyre not interested in the long term. More interested in the short term stock was halted i would say about four or five minutes ago for news pending but this this is wow. A day well remember for a long time. Yes, we will. I guess mackie had enough of them hes one tough hes a tough guy,
Four executives calling their moves, quote, grandstanding. Weve got all the business bases covered for you. Congressman rodry davis sits on house transportation and Infrastructure Committee and jay timmons is the president of the National Association of manufacturers, theyre here on why this new executive order might be long overdue, and whether it really will fast track projects . Plus the white supremacist neonazi weekend protests in virginia reigniting the debate over hightechs responsibility to protect free speech but weed out bad actors. Niko malay of media and Public Policy on the new and dangerous frontier. On wall street, yesterdays best day of the summer, a distant memory as stocks struggled to stay above water. Above the 22,000 line by five measly points. Were watching it for you. Apple hitting a fresh high and dicks stumbled on the earnings warning track. Were less than an hour to the closing bell. Lets start the countdown. So as we mentioned, we are waiting on President Tru
The question i ask for michelle and tyler whach what happens if and when the Manufacturing Council decides to dissolve the strategic and Advisory Council has now officially tried to disband do you try to create a new one or go on the ceos he tried to put himself so close to. President trump is going to be extremely angry he is going to take this very personally he tweeted yesterday or the day before, when people started to leave, that he had others lined up to come in and take their place. We will see, i guess, if these kind of councils are very, very valuable to the white house and the president. He will try and reconstitute it. It will be interesting to see who will accept a position on it that council why do you think we are not seeing more of a Market Reaction to any of this not just today but yesterday, to everything that has gone on. This is a stock market that ignores every single thing that comes out of washington. It is completely divorced from donald trump because multination
November. Ibm is set to weigh down the dow today. Notching the 20th straight quarter of year over year revenue declines. Plus, a border tax replacement. The white house considering a elimination of state and local deductions needed to pay for tax cuts. Some drama at 21st century fox as advertisers flee. Reports that primetime star bill oreilly is now all but out. It would be the third major departure for the network in the last year. Ibm bills down sharply in the premarket. The miss on the quarterly revenue overshadowing the sales beat. Down for 20 straight quarters. Ibm had an 11 quarter streak of opening lower on earnings. That was broken last summer. Now appears to resume. Yeah. Look, this was a kind of quarter where they actually didnt close certain business anded that they closed and had they closed certain business, you know what, things are on target. The Gross Margins are not done as much as they were. The signings are surprised that they did misit miss it. We accept it for qua