And that is euro area april services pmi rising at 53. 2. We were expecting a figure of 53. 3. We have the services. We also need to look at manufacturing. That is also a touch, almost in line with expectations. Falling to 51. 5. We had forecast a 51. 9 figure. Maybe that will be disappointment for mario draghi. We will keep a close eye on. Lets look at currencies. Because we may have a little bit of impact from this loss of confidence in eurodollar. 1. 1283. We are looking at daimler and volkswagen. Ryan chilcote is on the ground for any breaking news. European stocks are down. We will talk about japan. To talk about negative rates on loans and the impact that has on currency. Lets get straight to bloomberg first word news. Nejra president obama has urged britain to reject a socalled brexit from the e. U. He says the European Union does not moderate it magnifies it. While the u. K. Faces many of the same challenges as the u. S. Including migration, economic inequality and terrorism, t
Rate this year. More heads are expected to role amid a growing pile of investigations and lawsuits. Abenomics under pressure. Prompting talk of further easing. Get in line. Apple fans form queues as the new iphone 6s goes on sale. Good friday morning. Im susan lee. Coming up on the program, a nice seafood dinner but will he call back. Its lobster on the menu as president obama and president xi jinping meet up in washington defendant d. C. And is this the end of the line for the flash crash. And find out how nike is staying ahead of the pack when it comes to sales. Welcome to the show. Now the Federal Reserve continues to hedge its bets. Speaking last night, chair janet yellen said the fomc expects conditions to be right to raise rates this year but caveated that by saying if the economy surprises to the down side judgments would change. Given the highly uncertain nature of the outlook one might ask why not hold off raising the federal funds rate until the economy has reached full emplo
Gerri amen and amen. I will show folks exactly what youre talking about here. 39 of folks you surveyed, delays and cancellations are biggest problem. Airport feels and security screenings for 8 . You came up with estimation here how many people are staying home and what the cost is to the economy. First lets talk about how many folks are not flying or traveling . When we asked people, do these delays and cancellations make you want to stay home . We extrapolate to 38 million avoided flights. What does that mean to the u. S. Economy . 35 billion. What does that mean to jobs . Over half a million jobs. This is killing the economy. It is how americans get to see each other. How they get to see america and how they do business. Gerri this is amazing to me. 9. 5 billion on air fare lost. 5. 8 billion on hotels lost. 45. 7 on recreation. Almost four on food services. Three on car rentals. That is big load of cash remains unspent. How do you you come up with these numbers . Youre doing opposi
And i am really as john stated, i was for, and i am a supporter of washington, and i was a supporter of the mills corporation, and i was cheered when we chose the development for the building and for the renovation of pier one and for the wonderful projects that we do have along the water front and while, we are not always right on everything as you said, we are not always going to agree. But, what we have accomplished over the last 17 years, i just want to applaud everybody in this room for being a part of it. I cannot even count the number of meetings for the pier 7 on, sea wall 337, and i know that she does not have a full time job, because she is so busy working for the port and all of our efforts and, i just feel so much pride in the legacy that has been developed over the last 20 years, to make the water front what it is today. And i think that we have done an amazing job of community out reach. Of meeting with anyone who has, or who wants to understand anything about what is goi
An amazing job of community out reach. Of meeting with anyone who has, or who wants to understand anything about what is going on with the water front. And so i do believe that the boaters have made a statement and i do believe that maybe, there are some things that we could do differently, and i just dont want to take away from the amazing work that this team has done and created along the water front, thank you. Commissioner woo ho . I am going to take a different tact, and i certainly dont take away and i think that it is an amazing work that we have done so far and it is great to understand, what we have accomplished and what brad and diane have done a great job, and we are trying to look forward and have the speakers address what we want to accomplish, and first of all i have learned on the commission that every citizen believes that they own the water front in San Francisco. And that is a hard one for us as a commission to meet everybodys needs and desires. And i have come to res