Halliburton abandoning plans with baker hughes union regulators were not happy with Loretta Lynch saying no merger is too big to challenge. Let us know what you think of our top stories on twitter. The yen dominating what is going on with japanese equity trading. The markets are closed today. Reporter talk about first trading day of may. Markets. As reshot pointed out, have a look at japan. They are down 4 . A lot of that happening with a stronger japanese yen. Australia, just about every stock on the nikkei underwater at the moment. When you take the losses back on thursday, we are down about 7. 5 over just two trading days. Lets break it down across sectors. Down onngle sector is the nikkei. Have a look at the nikkei volatility index. We are looking at a sharp jump. It up there . There we go 18 higher. That is something to watch. A lot of people are starting to downsize. When the yen starts jumping around, expect people to be riskadverse. Volatility is higher than usual. We are watch
Just getting some pmi data on euroacturing for the area and the figure is 51. 7, a slight uptick from the earlier 51. 5. 51. 7 showing the Manufacturing Industry is expanding. Any number above 50 shows expansion. Economycourse is an that grew 0. 6 in the last quarter. Still, inflation is a bit of an issue. Lets get to the bloomberg first word news desk. Nejra halliburton and baker hughes have called off their 28 billion merger, citing challenging regulatory conditions. The proposed union between the oil Service Firms admit antitrust resistance in the u. S. And europe. Halliburton must pay a termination fee of 3. 5 billion. Puerto rico will default on a 420 million bond payment today, escalating the biggest crisis ever in the 3. 7 trillion municipal debt market. The governor warned the itsrnment would miss obligation, saying the commonwealth needs to focus on providing essential services. Investors hold 900 million of its debt. Creditors would accept a potential haircut according to the
And it is all systems go as far as we know. Once in the air, a 60 person team in Mission Control in monaco takes over. Theres a rest room in that plane and so he is ready to get through this multiday flight. Now, this is what the plane looked like around 3 00 this morning as it was getting wheeled out of its portable hangar. Its made out of carbon fiber so light enough that crews can push it by hand. Two pilots take turn flying the plane on alternate legs of the journey. This time around it is andres boshburg who suited up for the 16 hour flight to phoenix. It can fly in the air forever, powered by the sun, recharging its batteries at night and really the only thing from keeping it keeping it from doing so is the physical limitations of the pilots. They are showing that Clean Technology works, feasible and makes good sense. Not only protecting the environment, it is mainly a way to sustain the chemical growth and job creation and profit for the industry because if you replace all the p
Tremendous to your tremendous governor, Governor Scott walker. Amy then we will go to iceland where the countrys Prime Minister has resigned just days after the Panama Papers revealed he had benefited from offshore investment accounts in tax havens. And we will look at how puerto rico has stunned washington and wall street by voting to suspend all payments on its 72 billion public debt. All that and more, coming up. Welcome to democracy now , democracynow. Org, the war and peace report. Im amy goodman. In the race for the white house, tuesday was a big night for the underdogs as democrat Bernie Sanders and republican ted cruz secured decisive victories in the wisconsin primary. Sanders beat rival Hillary Clinton by winning over 56 of the vote. Ted cruz easily defeated frontrunner donald trump by 13 percentage points. Sanders spoke during a rally tuesday night in wyoming, which holds its Democratic Caucus on saturday. With our victory tonight in wisconsin, we have now won seven out of e
To 2012, it 2006 was doubled. So we got to 72 billion in debt just because they tried to fill the gap. With loans. Thats the history and we have to deal with that. Governor last year you declared the debt of puerto rico unpayable and this past week, the Government Development bank missed most of a payment. There was a larger 800 million payment due in july on the constitutionally prioritized general obligation debt. Will you be able to make that payment july 1 . Today the answer is no. We will be able to have an idea to have that money. Its not an issue of whether i want or do not want to pay, etc. Do not have the money. The money does not exist. The same happened last monday and the same will happen the first of july. We dont have the money. Last year the commonwealth did increase the sales tax charged in puerto rico so revenues have been running slightly above lesters level. Haveould puerto rico not the money if yearoveryear revenues are up . That is a very good question. Freeze this