From london. Lets take a look at the markets. Some great guests coming on the program. First, this is a picture for european stocks, down 0. 4 . Tohave our inhouse expert go through what didnt happen in doha, currently down some 4 . Then i wanted to show you the fallout, you can see the yen rising at 108. 26. Lets get to the bloomberg first word with nejra cehic. Nejra thanks. Brazilian lawmakers have voted to impeach the president. There were wild scenes of the parliament as the opposition secured the two thirds majority needed to move to the senate. There, for civil majority would see her suspended while she faces a trial. The president and her supporters say the campaign to oust her amounts to a coup. George osborne will wrapup his campaign to keep britain in the European Union today. The you can chancellor will highlight a treasury report which says it would cause permanent rather than temporary damage to the economy. Would cutill say, impact at enormous costs the public spending.
The dax down by about a third of 1 after setting a fresh 2016 high just yesterday. Futures firm, dell futures up about 10 points. Switch up the board quickly. Dollaryen is up the most. That is a weaker japanese yen on a bloomberg report that the boj may offer banks loans with a negative rate. Should that have a fundamental impact on the fx market . We will discuss that later on. Crude keeps keeping crude keeps creeping higher. Shares in alphabet definitely at the top of my list today. Biggest loser after posted earnings that fell short of analyst estimates. Profit margins can be pressured by higher cost for mobile phone customers. They are more costly to get. Dramatic Advertising Technology that is more costly to google to use, or it had lower margins. Alphabet shares, not including todays trop because it has not opened yet, but over the last two weeks they are up 40 . Microsoft has had a big run but disappointed on earnings for the First Quarter and has had sales in the Current Quarte
Until mr. Cummings has equal time, as well. Let me go to administrator mccarthy. And copper rule requires you by law to updated every six years, but you did not do that, correct . Ms. Mccarthy they required us to review it. You dont believe it is required under law to updated . Ms. Mccarthy there are many laws you are just supposed to look at it . Ms. Mccarthy we are actively looking at this rule. We wanted to add substantive revision to it. Do what the last administration did, just we get a bit . Rep. Chaffetz this has been more than seven years now. Your own words, you would have this new rule out in 2013, correct . Ms. Mccarthy i am really not aware of that, sir. The schedule i am aware of is the 2017 schedule. Rep. Chaffetz you mean 2018 . That is what we heard in testimony. Ms. Mccarthy it would be out in 2018. Rep. Chaffetz this is what is so frustrating. We have an expert like market edwards come on tell us, and there is so much confusion. Is there confusion about the lead and c
Welcome. Lets get straight to some of the big market moves. First up, as we said to you in he headlines, jacob does a u turn and so does the rand. He appointed his second finance minister in four days. Bringing him back so what we saw was the rand jump almost 6. 5 . That is the biggest interday gain since october 2008 and his goes back to last week when fitch had downgraded the countrys debt, really having quite a dramatic impact in terms of the rand. Its about commodities and currency as we go into this fed week. This is west texas intermediate, sifpks to the lowest level in seven years, iran pledging more oil for the market. This is the performance over the past month. I can tell you 11 of this decline was implemented last week by the market. There is absolutely no chance that iran will decrease the plan in shipments. Traders, data, this is how we benchmark how negative the traders are there, the most bear issue ever. Ets get the bloomberg first trade. The latest data out of china ho
Earnings. Disney, groupon, potbelly. I have never been in one. The sandwiches are keller. Killer. They are not exactly the healthiest. Road trip. Lets do a road trip right now. Equities, bonds, currencies, commodities. Futures, 3. Euro is weaker. To 98. 43 four nymex crude. On to the next screen. The vix. The ruble i am watching carefully. 35. 79. That is a weaker ruble over the next few days. Lets go to the ruble a look at the putin litmus paper. Here is the angst. Weaker ruble. Then they do better. They reverse. 80 of the better news. In other words, your dollar buys more rubles. Strengthening dollar, weakening ruble. That is a big deal. Of troops. G we have not been talking about it. We have been talking about the middle east. Gaza, iraq. That brings us to our front page. The newspapers and the webpages. Lets give you an update. A 72 hour ceasefire begins in gaza. This is the latest attempt after four weeks of fighting. Israel has pulled out all of its troops because it has complete