european headquarters at what we are seeing, gains across the board. yen gaining a touch. this is on the speculation that currencies biggest today rise slide. two day there been wariness that the japanese government will intervene. this is dollar spot, one of the biggest stories. lifted to first word news with nejra cehic. nejra: the brazilian president is facing what may be her last day in office. the senate is gearing up for a vote to force her out and into an impeachment trial. surveys suggest the president opponents have at least 50 votes . donald trump has won the west virginia and nebraska primaries driving his can test driving his competitors out of the driving his competitors out of the race for the white house. enter theays he might contest if he performs well your desk performs well. well.forms toyota has said annual net income will probably decline for the first time in five years. japan s largest company todicted net income may drop $13.8 billion. that is belo
well. but i like how you mentioned brazil. to john for air and 10 minutes in brazil but between brazil and the philippines, a lot of emerging-market politics going on within the student of economics and finance. of economics stew and finance. francine: now, let s get to the bloomberg first word news. nejra: bernie sanders is not going away. he says he will fight for every last vote. night, he defeated democratic front-runner hillary clinton and the west virginia primary. lead inlinton has a big delegates, closing in on the number she needs for the nomination. meanwhile, presumptive republican nominee donald trump won in both west virginia and nebraska. he faced voters for the first time since rival ted cruz dropped out. british prime mr. david cameron may have an awkward time and ofrat s when the leaders nigeria at afghanistan visit this week or he told queen elizabeth the two countries are extremely corrupt. prime minister cameron: nigerians, the leader is fantastically corr
we talked about the debates on the markets. let s go straight to the market desk where matt miller has the latest. matt: we are a half hour in and down across the board. check out the major indexes, a little half percent of the dow jones, more than 100 points the drop. yesterday we had the best performance from the major equity indexes in two months. this is a little bit of a reverse bound. 2075.wn 0.4%, if you look at the map, and i have it in the bloomberg terminal, you can see nine out of 10 industry groups are down right now. the only gainer and really unchanged, consumer mark: it is on my touchscreen actually. matt: bismarck talking to me? turn off your microphone. consumer discretionary, the biggest losers. let me tell you what happened at disney. disney mr. earnings for the first time in missed earnings for the first time in five years, the first in 20 quarters. earnings down, real concern about retailers, espn earnings and revenue. actually espn earnings up a litt
a very warm welcome to the program. i am anna and words. just facets :00 year in the u.k. will join us in dubai. the french banking group reporting their numbers, q1 profit at 227 million euros against the estimate of 220 million euros. that number beating estimates on the next level, large customer unit net profit coming in at 163 million euros. cole reportingi that trading revenue fell at the bank began a reorganization to streamline the capital structure. the cost of a rebound, that is also of interest. remember this european banking sector the largest having struggled this year, at record low interest rates, freezing income. and turbulent financial markets deterred clients from trading, listing, and other matters. that is something the whole sector has had to deal with. back in february, we heard they were selling stakes in three dozen regional banks in 18 billion euro transaction to simplify the structure, reinforce capital, and pave the way for all caps dividends. ollan
highs of the session dramatically for the three major averages. theative is negative nasdaq is negative and the dow is about the same. what i see is in the white, we have seen oil go a leg lawyer and stocks are going along with it a leg lower and stocks are going along with it. we had seen oil rising on concerns over supply constraints in nigeria as well as in the u.s. since then, it has fallen off and it looks like that is what is causing stocks to go lower. imap, energy the is in one of the top spots paring its gains. health care and technology are languishing today but yesterday we had the big pullback in retail stocks. it s a mixed trade and retail. kohl s first earnings-per-share missed their forecast with possible sales down 3.9%. they say consumers are not lying apparel and it says it has a good issues from a marketing perspective and the shares are down 8% which is a five-year low. ralph lauren is seeing fruit of the turnaround efforts. the ceo has reorganize the
from germany and we are now getting gdp from the italian economy, growing 0.3% in the first quarter. the vague question is whether a lot of this growth comes from the ecb and a lower euro or whether it comes from sustainable growth thanks to reforms put in place for example by the italian government. gdp growthent, that pretty much in line. this is your market, or these are your markets this morning. stocks in europe dropping a touch because we had quite a lot of earnings that disappointed. we also had subdued economic data. gdp in germany was a little better than expected. haven assets including japanese yen, gold, also in fencing. also advancing. the australian dollar slid to a two-month low. we re also just kidding, i believe, breaking news from china. aggregate financing number, 751 million . let s get straight to the bloomberg first word news with nejra cehic. nejra: germany s economy grew at its fastest pace in two years. gdp rose just north of 2% in the month ended m
finance minister thomas is to reform the country s pension system. brazil is in its worst recession since the 1930 s. i m mark crumpton. bloomberg west is next. brad: i m brad stone and for emily chang. this is bloomberg west. coming up, apple drops a billion dollar, investing in one of uber s rivals. what this means for apple s current mission and its relationship with the chinese government. pods a stepic closer to becoming reality? we have the details. tesla shifts reduction into ludicrous mode as ceo elon musk promises to deliver half a million cars by 2018. can he get there? we will discuss. but first to our lead apple dropping $1 billion on uber s rival in china and it s a big deal for several reasons. this is one of apple s biggest deals ever, second only to its acquisition of beats in 2014. it also came in just teed of president of the company met tim cook only about a month ago. and it could be a public show of goodwill to the chinese government. we will discus
has opened hearings that could lead to the impeachment of the irs leader. they will look at targeting of conservative groups. latimer putin is promising that russia will take steps to retain strategic parity. rizal s new finance minister brazil s new finance minister promises to reform the country s pension system. brazil is in its worst recession since the 1930 s. i m mark crumpton. bloomberg west is next. brad: i m brad stone and for emily chang. this is bloomberg west. coming up, apple drops a billion dollar, investing in one of uber s rivals. what this means for apple s current mission and its relationship with the chinese government. and hypersonic pods a step closer to becoming reality? we have the details. tesla shifts reduction into production into ludicrous mode as ceo elon musk promises to deliver half a million cars by 2018. can he get there? we will discuss. but first to our lead apple dropping $1 billion on uber s rival in china and it s a big deal for
in event so big it requires not one box, not to come enough five. not four, not day inas quote, a great d.c. > that s how donald trump described his meeting with leaders in capitol hill. the press got there early report trump s major meetings. percy met with ryan and pre-bus. he also spoke with mitch mcconnell. ryan and trump released a joint statement that that impart quote, while we were honest about our differences, we recognize they were many important differences where there was common ground. we are totally committed to working together to achieve that goal. trump later tweeted quote, great day in d.c. things working out really well. reportedlyoon, trump met with james baker and lindsey graham, the senator from south beenina who had anti-trump. you may recall that graham may seem to be forming to trump. why if anything what if anything was accomplished to date with trumps visit along with paul ryan? ryan is a rising star in the republican party. i m more intrigued by
whyyll and trump are didn t we think of that? mr. trump goes to washington. day in d.c. at that is how donald trump described the huddle with paul ryan and meeting on capitol hill. just in case you have not been glued to a, i will keep you a recap. the prescott there early press got there early. trump also spoke with mitch mcconnell and republicans in the upper chamber. they released a joint statement with paul ryan and donald trump saying they will have additional discussions and use the opportunity to unify the p party. trump tweeted, great day in d.c., rings working out really well. reportedlyoon, trump met with james baker, one of the iconic figures, and lindsey graham of south carolina, who has been very anti-trump, reportedly had a cordial call with trump today. wallace, republican , what is anything was accomplished today with trump s visit ? he is obviously a rising star in the republican party. he is revered by establishment figures, and viewed as having a bri