Im ayman mohyeldin. Im frances rivera. We begin with breaking news. 76 people have been killed in a charter plane crash in a mountainous region of colombia. It was carrying 81 people, including a professional brazilian soccer team. Also 21 journalists covering the team. Authorities say six people were pulled alive from the wreckage, but only five survived. Local media reports the survivors include three players, a flight attendance and also a journalist. The plane declaredn because of an electrical failure. It was about 18 miles from its destination, the city of medellin. They could only access the crash site by land. The efforts would continue after sunrise. Overnight, thousands in tennessee are under mandatory evacuation orders. Multiple wildfires are burning in several counties. People captured these images and pigeon forge. Around 100 homes in the area are threatened and 30 structures have been impacted by the flames. Wildfire reached the edge of Dolly Partons theme park, dollywood
It offers huge opportunities. And change coming to struggling the new owner has done an initial review across the board. Job jobs will go to reward hard workers. You can follow us on twitter. Do not forget the , trending business. Out of south korea, the latest policy decisions. We have all the details. Guest as expected as expected by most looking at the policies at the moment, we have a sevenday rate. 1. 5 and they kept it there. They will keep it there all the way, since the summer of 2015. And we should note that it as at a record low it is at a record low. As expected, unchanged at 1. 5 . That does not change the focus for the meeting on june 9. Just because they did not do anything, the economy does not need it. There is a reason why they have it coming out with a nonconsensus call, they may have done it this time, but not really. You look at the external situation. You look at the amount of debt in the system, in south korea, and the consumer debt. You can make a case. It is not
Tom keene in new york. At g7 will focus be china. Tom the president with those comments. What i find remarkable is how all of these leaders seem to be speaking to their homes, but it is not a g7 meeting but it is people talking to america, to canada, etc. Francine especially japan where you see shinzo abe trying to get out of the increase. Lets get straight to the bloomberg first word news. Nejra starting with the g7, angola merkel does not have much support when it comes to austerity. The debate over stimulus versus belttightening has shifted. Canadas new Prime Minister had shifted his countrys focus to Infrastructure Spending and cash. David cameron joins markel as a champion of fiscal restraint. Just a few minutes from now, president obama holds a News Conference at the summit. In france, strikes at Oil Refineries may spread today. Workers at six of eight refineries have walked out. The strike is protesting the president s proposed labor reforms that makes it easier to fire employee
David its not just about me. Its about the team. Amanda we have another great ceo coming up. You talked about the technology they have planned. Where the company is going. David it was a great experience. We also have with us peter kraus. He will explain what Equity Managers are doing wrong. Innda we are going to check with our Bloomberg Team for indepth coverage of our top stories. Susanne walker barton is live on where the fed may raise rates. Ryan chilcote talks about the oil Company Spending cuts. Lets start with janet yellen and the fed. June appears to be out. September is not a sure bet. Thats the take from investors. Has beenonomy recently affected by a mix of countervailing forces. To expect reasons that the positive forces supporting employment growth and higher inflation will continue to outweigh the negative ones. Amanda Susanne Walker barton joins us now. Lets start with how the market is interpreting this. Do we get a sense that september may even be off the table . It ma
Bloomberg exclusive, three hours to set you up, but first, a look at the markets. Yields moving higher from here. Mark lets get you up to speed. Futures on the front foot at the moment, firmer on the s p 500 after yesterdays alltime high. Look at the moves in japan. The nikkei up by two point five Percentage Points and it is a twoday rally up over six fourth Percentage Points. More stimulus potentially from the japanese government. The nikkei rallied and the yen declined. Weaker japanese yen and the dollar yen trading with a 103 handle an approaching one of four. Cable rates gaining as well. The pound doing very well. It is a firmer story for risk assets, but this is what i find the most interesting. We talked about highly correlated markets, equity markets at record highs and bond yields at record lows. Today is different. Equities on the front, bond on the back, little defensive. Yields going much higher. 30 year yields up seven basis points. Yesterday, there was an auction of threey