Us here on set for a talk about the boe, brexit, and his outlook for global rates continuing to grind lower. Global strategist will join us with his outlook for european banks in the second half of 2016. Again, the story is global yields. Jonathan record lows and its a remarkable story that we will continue to talk about. Lets check in with a Bloomberg Team with indepth coverage of our top stories. Guy johnson joins us on the bank of englands News Conference in the last 90 minutes or so. And the latest on the votes of the uks next Prime Minister. And if possible capital injection into italian financials. In new york, the latest on treasury rates hitting new record lows. Paul allen joins us on this weekends election. I want to bring in guy johnson the bank of englands new policy response. The significance . Guy he is essentially signaling a recession and this is giving the tools by the chancellor and he is now putting that into reverse. Saying tougher times are ahead for the k economy.
This morning in the market. Julie it has held on pretty steadily. Amazing that we are seeing this gain in the face of that failure of the doha talks coming to any kind of freeze agreement. The major averages are hanging onto their highs of the day. The dow and s p have been stronger today. 500 in oilat the s p today. That has been the story of the day. You have the s p in white, rising to the highs of the session. Oil prices have come way back are meant almost 7 decline initially on that news. Wti alone shows that it is still down on the day about 1. 5 , but it has come way back. One thing in oils favor is an oil straight in kuwaits cutting about 60 of the nations production. This putsvery least, support under oil prices, if not pushes them up into the positive on the lack of that production freeze. Interestingly, it has had an outside effect on Energy Stocks. Here are the groups on the move. Gettingel has been greener and greener as of the day has gone on. Now were seeing subgroups th
Well. This is being reflected to a huge extent in the bond market. The 10year note yield drops from yesterday, two. 16 . It was almost 2. 3 yesterday. The fiveyear, 1. 4 four and six basis points for the twoyear note. The dollar. Ing your best proxy for immediately figuring out the Market Impact of the fed. The most traded currencies diving. Implications for emerging markets, particularly europe and japan. The greeks go to the polls this weekend. They will answer the big question, who cares anymore . Voter apathy is high for the third election this year. Polls show that alexis tsipras, the syriza party, and the conservative new Democracy Party running neck and neck. The president ial race is now the carly show. An impressive performance has crowned Carly Fiorina the media darling of the moment. The question is, can she translate that into real voter support . Chuck todd, you can hear that here on Bloomberg Radio on sundays at 11 00 and 3 00. He is with us on the tmobile phone line. Tsw
Sows. The dow is indicated to open lower by 187 points. S p futures down by 24 and nasdaq down by 61. Chinese president has arrived in the United States. Hes going to begin in seattle to meet Business Leaders including tim cook, bill gates and bob iger. And then to washington with an official state visit. He is defending the leadership of the chinese economy. He promises that slowing growth and market swings wont stop needed reforms. Meanwhile, he is calling on china to keep its economic commitments. He says beijing should set its sights on policies that will further its reform agenda such as targeted agenda and they should be subject to upward pressure that would drive the currency up and not just down. Well see what he says out in seattle to the ceos and what theyre looking for and then of course what the president says to him when he arrives in washington. Theyre not, the pope and the chinese guy everybody hanging since theyre in the same place. A little cocktail party. Pope does lo
Three new jobs in the u. S. Each year. Maria contrerassweet is the administrator of the u. S. Small business administration. She joins me in studio. Good to see you again. The april employment report is out tomorrow. What role does or should Small Business have in job creation in this country . Right now we are experiencing Small Businesses creating two out of every three and that jobs and employment half of the workforce. They are contributing to this 61 months of consecutive job growth them have experienced in the country. Cory you are traveling mark you are traveling the country this week. What are Small Business owners tell you about their success and 80 do they see do they see the government as a hindrance or a help . They are funding the Global Economy is available to them. We will be adding 2 billion middleclass consumers and they want to benefit from that. So we are talking trade these days. Mark what are their Major Concerns . There is a Small Business woman who sells gluten f