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Transcripts For BLOOMBERG On The Move 20160509

Emergency meeting today in brussels. Minister,s new oil pumps alfalih, keeps the under pressure. It looks like we will be a positive performance with equities on the front foot. Let me take you to the bloomberg to show you what is going on. Their value is pointing to a dax that will open up. The cac is up, half of 1 . The ftse 100 is up. 6 . Overall, it will open up. 8 . A different story in asia, wasnt it, caroline . Caroline the shanghai composite went down 2. 3 . We are on our worst two day streak since february. Of course, much talk over the weekend that we are still on track for two rate hikes tihs year. Bill gross has said, look, believe the fed. The pound is flat ahead of camerons speech. Oil is at 45. 93. We are focusing in on what is happening with the oil prices, but we have to factor in that news out of saudi arabia. Should we see more voicing that we should not the production cuts . Guy we will find out. Caroline lets get out to david inglis, live for bloomberg first world

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