Getting because we have a long weekend of no trading this holiday. Jonathan lets go around the world and check in with our bloomberg world news. Mike mckee is in new york. Then, a wrap of the g7 meeting. And then another warning about the cost of a brexit. Time, thetes government updates data on growth. We are joined by mike mckee who says the fed is likely to focus on bad news in the numbers. Mike half a percent growth in the First Reading of the First Quarter. That is likely to be revised up according to forecasts, but others on wall street will be focused on two numbers in the report. One is business spending and the other is our first look at corporate profit for the quarter. In the april minutes, there was a lot of talk about why business spending has contracted. As theyall companies decline, business spending has contracted. We saw that yesterdays durable goods report with capital goods unexpectedly falling. If we do not see profits rise, will be economy keep growing out a strong
[silence} [silence] [silence] [silence] [silence] [silence] [silence] [silence] [silence] [silence] [applause] [silence] [silence] all praise is due to the lord of all the worlds. Please be seated, ladies and gentlemen. In accordance with muslim tradition and consistent with the wishes of muhammad ali may god have mercy on him. We begin this program with a brief recitation from the koran, the scripture of the muslim, a young emom from a midtown mosque in memphis tennessee for spear heading a neighborhood renewal effort in one of the most blighted areas in memphis. It is centered around a mosque and one of the few graduates of the university will share a few verses from the koran. [applause] laj, Hamsa Abdullah malik. Ladies and gentlemen. [speaking in native tongue] [speaking in native tongue] [singing in native tongue] [singing in native tongue] [singing in native tongue] [singing in native tongue] [singing in native tongue] [singing in native tongue] now with the translations of thos
, and i think we are right. Thank you all for being here to share in his final farewell to mohammad. On behalf of the ali family but me first recognize our principle celebrant and also doctored timothy gm nod e. [applause] we thank you for your dedication to helping us fulfill mohammads desire for the ceremonies of this past week reflect the traditions of visit islamic faith. As a family we thank the millions of people who through the miracle of social media inspired by their love for mohammad have reached out to us with their prayers. The messages, that came in every language from every corner of the globe. From wherever you are watching now that we have been humbled by your heartfelt expressions of love. It is only fitting that we gather in the city to which mohammad always returned after his great triumph, a city that has grown as mohammad has grown. [applause] mohammad never stopped loving louisville and we know that louisville love to mohammad. [applause] we cannot forget a Louisv
Rate over time and probably in the coming months such a move would be appropriate. Deirdre adam shapiro has more from the nyse what this means for investors. Curiosity question, how much were traders talking about this today . Reporter not terribly much, they already priced it in. They say investors expecting a rate increase come june or july. There are things that could pose a problem for that, but in a lot of ways if you take a look whats happen mth markets, there is a 25 expectation there will be a rate increase come june. Only thing that might throw a hiccup in that is the fact that the people in the United Kingdom will be voting on the brexit leaving the european union. As soon as Janet Yellens comments were announced, you saw the dow fall slightly, into negative territory and came right back. At the end of the day, the dow was up 45 points. Its up for the week, 2 . The s p 500 was up almost nine points. Almost up for the week, 2 and the nasdaq up 31 points, almost 3. 5 . Heres so
Risks. Reporter the leaders agreed to support Sustainable Growth through flexible spending and other measures. They said they will continue talks on the matter. Theyd hold out reach measures and the leaders will wrap up by issuing a joint statement. For more on what the leaders discussed thursday, we go to our reporter who is near the summit venue. Can you break down the discussion of the first day for us. The leaders talked about the south china sea. They agreed to urge north not to take what they call provocative action. On the global economy, the leaders talked about the ways to boost it. Abe pointed out the world is at a turning point. He said theres a risk of economic crisis if countries fail to take the necessary measures. They agreed on the importance of public an private investment. They decided to leave the timing an scale up to each country. World leader argued that using the word crisis is going too far. They work on how to describe the Current Situation in the final summit