David and how is he going to pay for it . The United States is a little bit behind the u. K. They are on their second female Prime Minister. Alix glaxosmithkline ceo andrew witty and tom fanning will join us to break down all their earnings. I turn to you and say it is all about fx. Jonathan what captures risk sentiment that are then dollaryen in the fx market . Tn back with a 105 handle. Firmer, apple helping do that in the United States, and equities firmer in europe as well. Fifth straight a day of losses for crude, down 244. 37. Down to 44. 37. You might forget that today is fed day. A lot to discuss. Alix what matters more, the boj or fed . Lets check in with our Bloomberg Team for indepth coverage of all of our stories. Carl riccadonna on the fed as it wraps up its policy meeting as well as Matthew Cantor men on in europe aschael Deutsche Bank signals deeper cuts, and megan murphy in philadelphia. Jonathan lets begin with coverage of global Central Banks. We will have a more inde
Donald trump talks tax. He puts out his vision to return the u. S. Economy to its glory days. Good morning. Welcome to countdown. Markets are big. Equities are racing higher. Is experiencing a he puts out his vision to return the u. S. Economy to its glory days. Stumbling blg block. We are on the longest losing streak since may of last year. Sincengest losing strict streak since may of last year. People are beginning to really understand what the brexit means for the currency. Barbecues beat brexit. Do when thebrits going gets tough . Shopping and have barbecues. Retail sales are where the market has taken us. Is there more easing or pain to come . Let us look at the risk radar. Ive mentioned equities. They are racing ahead. Mse i asia is up 0. 5 msci asia is up 0. 5 . Something which has shopping ane barbecues. Retail sales are where the market has taken us. Which it. S not pumping ahead is nymex oil falls as these informal oil that are notely likely to talk about supply. The Russian
March. Last trading day of the month, a lot o data, more fed comments ahead of the jobs report on friday. At viacom the drama continues. The current board, well, its not going to go quietly vowing to dig in. And this is whats amazing, fight its Controlling Shareholders hold over the company. And a new name at the top, debt on the highest paid ceos and why the pay isnt moving the direction you may think. First up we head into the final trading session of may. The nasdaq leading the month more than 3 . If the gains hold this will be the fourth year stocks have major averages have gone positive for may. No selling and going away necessarily. Mike, your point this morning is stocks have been able to rally in an environment where a rate hike looked more and more likely. Exactly. Although its hard to say if the market is fully kind of digested that idea that were going june, july. But todays personal spending number kicks you in that direction again. Been a strain in the market for well over
Opens in percentage terms. S p would open down about 3. 5 . Dow futures down by 2. 7 . The nasdaq down 3. 4 . Counterfactual here from the fear mongers. I think the sun will come up tomorrow. The european markets are having a rougher go of things this morning. Ftsi down, the dax over a 6. 5 . The cac in france down 7. 9 . Italy stocks down close to 10 and in spain the ibex is over 10 . Concern about weaker potential economies what would happen if after brexit the rest of the European Union starts to fall apart lets start working on. We have grexit as a word. Italianexit. Spanexit. Portugo. We need to start working on the signs. I think its already gone someone told me. Some that ugly looking thing. Lets look at the currency markets that is where much of the havoc had played out again. The pound had gone into this on the assumption that this vote would go and the uk would actually remain. As a result we saw the pound almost at 150 yesterday. Right now down by over 6. 5 to 139 but went a
Markets and new polls and an interest editorial in the uk and jack ma takes the stage at alibabas investor meeting in china gives an upbeat view for the year ahead. Stocks trying to recover from the first three session losing streak in almost a month. A lot of cross currents. The german 10year, it finally got there. Yeah. I mean look, when i read the commentary about the eu, germany, brexit, its almost like youre starting to think like are these people really thinking its september 1, 1938, talking about munich and chamberlain going there and not being stiffed by the fascist. The commentary is outramgs you and insane and inflamed. Its about the eu, about a country that could leave the eu. Its about not knowing what will happen after. Its about safety everywhere. But its about something im not saying im an american first here and that this is 1938 and the u. S. And roosevelt sends a letter to chamberlain maybe this thing and talk to hitler listen i think maybe this is a out of control.