Takeover. You will get a good idea of on the session. The latest on the debate and a third time unlucky as msci snubs hina shares. Clinton leaving trump in the latest bloomberg poll. Lets begin with the fed. Theres zero perfect unlike liehood of a fed increase today. Lets go to carl. He is chief bloomberg economist. What are we expecting this afternoon . If we can mix british politics and fed policy together, we can invoke the quotation from margaret thatcher, the lady is not returning. It will apply to Janet Yellens approach in the press Conference Today as well. Shes going to play a cool hand. She wont specifically cite him but it could come up in the press conference, particularly during the q a. The fed is very much aware of international risks and how this is playing into their policy strategy. However, i would say more important is the much more important is the domestic outlook. So she will not be returning because shes going to be somewhat dismissive of the wobble in the labor
Lacqua with tom keene in new york. Tom it is a quieter economic day after the festivities with janet yellen yesterday. Give us some perspective on that better than good number. it is better than expected but only a touch. First quarter gdp growth has been revised up, but i think what we worry about in europe is that we are becoming a little bit like japan, that we need to get used to this Slower Growth rate. We will get paul donovans thoughts on that, but lets get to the bloomberg first word news. Istanbul, a car bomb targeting a police video has killed 11 people. Seven Police Officers are among the dead and no one has claimed responsibility. Two new opinion polls show the u. K. Referendum on leaving the European Union is too close to call. The poll for the Daily Telegraph says 48 of those definitely planning to vote are in favor of staying in the eu, with 47 wanting to leave. Another poll conducted by the times has the remain forces tiered, 43 to 42 Hillary Clinton now has enough dele
We are getting a headline from it is a of japan and significant number because it is double yesterdays amount. We are seeing bank of england and bank of japan. Are we seeing the limit of what they can do . Tom i am kind of amazed. Francine, it is the most interesting day and then we go into the jobs report tomorrow. Everybody will recalibrate. Theve one item that shows central bank dysfunction that you talk about. Francine if we compare, which i know we will do. Mark carney on the speech june 30 was very careful. Lets get to the bloomberg first word news. Taylor sticking with Central Banks, economists predict the bank of england over deuce the benchmark rate to a record low. Mark carney surprised investors by keeping rates unchanged and they signaled they would cut this month. The central bank will publish the first full assessment of what the brexit vote means for the economy. In london, one person was killed and others injured in a knife attack. Police are looking into whether terror
A little bit. You were negative on oil. Its gone up. Are you staying negative or has something so fund mentally changed youre saying i was wrong, its go up . I was obviously wrong. Im not sure if ill stay wrong, though and weve come such a long way its hard to advice folks to get in here especially with, you know, some of the signs that i continue to see that undermine this rally, brian. Particularly last night, the chinese trade data was bad and i keep saying that part of the oil rally here for it to sustain itself needs to be a strong asia and a strong china in particular and were just not getting that. You were spectacularly right before. You were one of the few people in the really negative camp and you were right. You were right before you were wrong, how about that . Im not running for office so i can be wrong thank you for that. I got some beach front property in arizona im going to sell you, as well. What would be the most if you had to pull out one bullish case and one bearish
Tom a swing back to rates and what were looking at. Youre aware the United States has a jobs report tomorrow. We call it super friday. Francine only the most important piece of Economic Data probably in the world apart from china if we see a slowdown. A little bit of news from retail sales. The e. C. B. Is meeting march 10. Increasing some 2 . Put that against the weaker than expected inflation and some pretty dire Economic Service data from the u. K. Tom the german yields, we will get to that and a data check as well. North korea has shown what it thinks about the new United Nations sanctions. Hours after the Security Council approved more sanctions to punish the country for a nuclear test and a robert launch, north korea was at it again. It test fired short range projectiles into the ocean. Investigators are examining debris they suspect came from that missing malaysian jetliner found in mozambique. A person familiar with the investigation says it appears to be part of a tail from a