First things first. Lets check on markets. We are expecting about half an hour from now the Spanish Deputy Prime Minister to make a statement on catalonia. Stocks in europe nudging higher. Miners gaining. Oils also gaining. The euro weakening a touch. Spanish stocks falling. Lets get straight to the bloomberg first world news. His sebastian salek. Sebastian kurtz has declared victory. A win for his Peoples Party would shift the politics to the right. It is also seem to have paved the way for the eurosceptics party to be in government. Angela merkel has to talks this week in a more moral position after her party suffered defeated lower saxony. Its her worst result in lower saxony since 1969. The worlds top central banker is for that inflation will stay low for much longer and they will push ahead with plans to tighten Monetary Policy. Janet yellen thinks u. S. Prices will accelerate despite a. Of softness. Is that theuess software easily not persist and with an ongoing straightening of
But really and meeting. Opening up society. What we were talking about just now, we met all sorts of women who were saying ive owned a car for a decade but i have a driver who takes me to and from work and i cant wait to learn how to drive lot are starting to learn how to drive but in terms of how the culture is moving. Saying publicly they are looking to are a more moderate society essentially. By the way more moderate form of islam this is not without controversy though im sure. There is a huge other side. Hes pushing through, trying to push through this transformation and theres economic, by the way the entire driving industry, you talk about drivers, because all the women most professional women have drivers every day what happens to the drivers . But theres a whole thing going on with all of it but that whole 500 billion Economic Zone theyre going to create, the whole new city in the middle of the desert with klaus. With klaus its amazing we should all go there in ten years from n
Need to look out for is volatility in the market. Your markets and this is what we are seeing overall. Global stocks seem to be more study certainly than they were yesterday. Rising. X stocks and europe edging higher. That means theyre having their worst week since november. The brazilian real well talk about all day, 3. 37. The vix down. A little bit of a swing upwards yesterday. Lets get to first word news. Sebastian the u. S. Treasury secretary says breaking up the banks would be a huge mistake. Steven mnuchin says the u. S. Administration does not support splitting commercial and investment banking. Elizabeth warren accused him of a bizarre policy shift. Temer has defined calls to step down, saying an investigation will clear him of a coverup. Media claimed that he approved hush money for the former House Speaker. Realurmoil has seen the tumble. U. K. Political parties have criticized theresa mays approach to brexit ahead of next months election. Jeremy corbyn refused to take her b
Weve been lagging in financials. They have been not really participating in this. We get any participation from that, scott, think about the momentum that could push into the marketplace. Obviously weve gotten through these earnings. Tech has a leader. They have been an absolute work horse in the market. And each and every day we seem to see it. Its not just the big fang names, its across the board all way into the Semi Conductor world, but technology itself is leading. We mentioned, joe, 2400 on the s p was a significant hurdle to get over. We closed above that and now were at 2412. The significance of that . How much momentum do you put behind that . Technical breakout, same thing that happened at 2300. Got above 2300, really never fell back again. I think youre witnessing that right here. I think whats adding fuel to it is the amount of pessimism and negativity that we had especially last week when the markets were down 300 plus that one day. There were many who went defensively. I
Call for a bipartisan tax bill that boosts jobs for american workers. Vonnie President Trumps visit to nato headquarters is underway this hour. In a ceremonyis he just made a short speech. President trump did not shy away from the topic of burden sharing in the alliance. Trump these grave security concerns are the same reason i have been very, very direct with secretary sultan berg and members of the alliance in saying nato members must finally contribute their fair share and meet their financial obligations. Nationsf the 28 member are still not paying what they should be paying and what they are supposed to be paying for their defense. Later this hour, nato leaders will meet for dinner to address number of dressing issues. For more on what is on the agenda, lets get to our chief washington correspondent for Bloomberg News who is traveling with the president and is now in brussels. There have been nato attendees for a long time. How will they react to the president s continued assertio