Tom keene is in new york. We have this possible merger, then we have the brexit news, and the market. Tom we will focus on commodities in the pacific. Francine, i totally agree this one month mark off to brexit is front and center. Francine it is. A lot of people have decided, saying, why we are even voting for this . It means a whole conservative the government. Now lets get straight to the first word with shery ahn. A summary and has joined the hunt for the missing plane in the mediterranean, trying to find the egyptair jets voice and data recorder. A french tv channel reports that the pilot spoke to air Traffic Control about smoke in the cabin just before the plane disappeared off the radar screen. One ofnt obama has ended the last symbols of wartime animosity between vietnam and the u. S. In hanoi today, he lifted the embargo on the sale of weapons to vietnam, hoping to strengthen commercial insecurity ties. The u. S. Has confirmed that a u. S. Drone strike killed a leader of the t
Louis fed president. Said officials continuing to talk up a rate increase as early as june or july. A look at what it means for stocks from a top strategist. Desk head to the markets where julie hyman has the latest. The markets are lacking a clear direction today. Julie treading water is the phrase that comes to mind here. We are not seeing too much change whatsoever in the major averages right now. The s p 500 is betting unchanged on a percentage basis. The nasdaq gaining a little bit of traction as investors are following the perception about thated really emphasizing june is on the table for a rate increase. They are now awaiting a host of Economic Data coming out this week. They will have to wait for numbers on new home sales and durable goods. Take a look at the bloomberg for the groups on the move here. As you might expect, it is evenly divided between red and green on your screen at the moment. Materials gaining some traction, as is tech, which explains the outperformance of th
Im francine lacqua. Lets get straight to the bloomberg first word news with nejra cehic. Nejra frances foreign minister says there is total cooperation between his country and egypt after a plane flying from paris to cairo vanished over the mediterranean. The mystery surrounding the disappearance has deepened after greek authorities dismissed reports that debris from the aircraft and been found. Investigators say flight 804 made a series of terms before descending rapidly. 66 passengers and crew were on board. The pilots sent no distress signals. Aircraft washe approximately 10 to 15 miles inside egyptian airspace at an altitude of 37,000 feet, executed a turn 90 degrees left, then a turn of 360 degrees to what the right, dropping from 37,000 to 15,000 feet, and then the picture we had was lost at about 10,000 feet. Nejra new york fed president bill dudley says the Federal Reserve is moving closer to raising Interest Rates. His remarks echo sentiment in minutes at the fomcs april meeti
Quite mixed. A lot of weight and see, waiting a lot of wait and see, waiting to see what janet yellen says later this week. G7e disappointment after the failed to yield any sort of accord. Picture, nikkei 225 down by over 1 . Strength creeping up and that is weighing on sentiment. Hong kong up by about 4 10 of 1 . The Banking Sector all doing quite well. Elsewhere around the region, we have Inflation Numbers coming through from singapore a little bit later on. Australia and new zealand off their session lows. Weakness coming through from oil and gas. Oil continues its retreat on the back of those comments from iran saying they would not participate. We are seeing weakness across basic materials, led lower by the iron ore miners. Outperforming. Ks this is a tie one story. Taiwan story. Angie we have some breaking news coming out of vietnam. That is where president obama is making his threeday visit. We have a trade deal to tell you about. Boeing said to be nearing a multibilliondollar j
Bigtime gambler. Markets close in about two hours, and stocks are down but off their lows. Another day of weakness across the board. Were talking about all sectors. On concerns the fed will height hike rates next month. Concerns they will be more pressure on an already sluggish global economy. We are now seeing the dow jones come down. 7 . The s p 500 down. 6 . The s p has been in the negative all day today. T has not been doing great at one point, it was down more than 1 . It has pulled back some of its earlier losses. I want to take you through some of the individual sectors, and you can see that financials and the tech sector are now down today, but after the rally we saw yesterday, remember, the only point since 2000 nine did we see bankshares gain as much as they did yesterday, just outperforming the broader gauge, but today, coming down from those highs, down more than 1 there, but if you look at consumer staples, it is staying in positive territory, and all of this because of wa