3 trillion is not what it was 10 years ago or 20 years ago. Many of the problems they face are more like the problems of an airline. Most stupid statement of energy i have ever heard. North k a look at oreas energy economy. Straight ahead on bloomberg best. Hello and welcome. Youris bloomberg best, weekly review of the most important business news, analysis and interviews. Theday by day look at weeks top headlines begin with a shakeup in saudi arabias cabinet that could have major implications for the global oil market. Saudi arabia appointing a new oil minister over the weekend. The chairman of the state oil ho hasy replacing w held the post for two decades. For thethe question market is whether anything has changed in terms of policy coming out of saudi arabia. Has it . I think if anything it is probably more policy. He was the architect of the agreement and 2014 to abandon the support of High Oil Prices and go for market share. Hes probably a very similar to nahimni but the rhetoric
With tom keene and new york. I know you are very focused on burberry and once again it is fed. Tom it is just interesting there is no news but the news there is is most fascinating. I know we are going to talk about japan and the oddity of their stagnation. It is exceptional to look at their data and the struggle they have for economic growth. Francine can Consumer Spending left gdp or is it just temporary because of that government release . Lets get straight to the bloomberg first word news. Call this one a split decision. Bernie sanders one that democratic president ial primary in oregon and Hillary Clinton claims victory in kentucky, although hours after the polls call. It was too close to clinton is inching closer to the number of delegates she needs and sanders is not giving up. Mr. Sanders let me be as clear as i can be. We are in until the last ballot is cast. Democratic primaries in california, new jersey, and four other states on june 7. A group of socalled super forecasters
Ago. Many of the problems they face are more like the problems of an airline. Most stupid statement of energy i have ever heard. Plus, a look at north koreas energy economy. Straight ahead on bloomberg best. Hello and welcome. This is bloomberg best, your weekly review of the most important business news, analysis and interviews. Our day by day look at the weeks top headlines begin with a shakeup in saudi arabias cabinet that could have major implications for the global oil market. Saudi arabia appointing a new oil minister over the weekend. The chairman of the state oil company replacing who has held the post for two decades. I guess the question for the market is whether anything has changed in terms of policy coming out of saudi arabia. Has it . I think if anything it is probably more policy. He was the architect of the agreement in 2014 to abandon the support of High Oil Prices and go for market share. Hes probably a very similar to naimi but the rhetoric will be more various very
Up italys troubled banks . So, welcome to the program. This is the pulse live here in london. First things first. Lets check on the market. Overall, we are seeing a lot of european shares on the downside. We had disappointing news in terms of earnings coming from japan. We also had disappointing figures from a cement company, goes to construction. It is the backbone of the european economy. I want to show you the pound. Later on, it is the last time we hear from mark carney and the r expectations for Interest Rates. The last time we hear from them before the june 23rd referendum. A lot of banks are under pressure. Now lets get straight to the bloomberg first word news. In Mitsubishi Motors have jumped by 16 after confirmation it is in talks with nissan, including for a possible capital tie up amid a fuel economy scandal. Nissan is seeking a 33 stake in Mitsubishi Motors. Credit agricole reported a decline at First Quarter profit. Net income fell to 227 million euros. Therading revenue
The euro area. The ceo of singapores commodity Trader Noble Group has quit. They have accepted the coceotion with replacements. Noble has plunged over the past you with questions about the company. Alliance trust received a theover approach from capital partner. Goal lines trust said no detailed terms of been provided by our i. T. And the camp by rit and there is no certainty that the transaction will take place. Mobile news powered by our journalist and news bureaus around the world. Dark it to close in the u. S. And u. K. , markets are closed in the u. S. And u. K. , but lets check in on markets opened, starting with european equity. The dax up there, the cac 40 posting gains as old. A couple of stocks moving on m a, so bayer gaining after the sunday times reported they may put forward as early as this week. And out gaining, this after they said they failed to reach an them. Ent to buy a surprise after speculation of a merger between the two companies. Moving on to currencies, it is