Investigated as a possible factor in the mexico fireworks market explosion. Officials say some of the stalls may have been too crowded, at least 35 people are dead and dozens more wounded. Authorities say the death cold still could rise and badly burned children are being treated in galveston, texas. Global news, 24 hours a day, powered by more than 2600 journalists in more than one to 20 countries. This is bloomberg. Scarlet live from bloomberg headquarters in new york. Im scarlet fu. Joe and im joe weisenthal. Scarlet stocks are retreating with indexes recovering from alltime highs. Joe the question is, whatd you miss . Scarlet the Italian Government may have to rescue monte dei paschi after they dropped their efforts to bring in capital. We will take a look at why this could be trouble for bond holders. And weighing in on potential changes for banking regulations could lead to large returns for wall street. Thein a special sit down, jpmorgan ceo, jamie dimon talking about detroits r
Daybreak asia. It is just after 8 00 a. M. In hong kong. Betty we are watching several developments that are going to happen this morning as you had mentioned a few moments ago the appearancend at the prosecutors office. Also the australian jobs numbers at the bottom of the hour. We will see how those two events move the market in asia. Yvonne that ever volatile aussie job number could be interesting. Givingd be choppy here just the mixed signals we have seen in the labor market. We did the unemployment pickup a little bit the previous month. We will see how things go in the bottom of the hour. Lets take a look at the market open in tokyo and seoul. Looking atnt we are 10,000 jobs. It is an allimportant number. Horribly hard to get. Comes out and about nine minutes. Were looking at a higher start in japan 30 minutes back. That has been paired back. Early gains. Have a look at the top three and bottom three. When you look at iron ore demand and you look at world steel production. The ma
Assets for more than 7 billion. Record u. S. Stockpiles send oil sliding. Jamiemorgans ceo dimon speaks weve Francine Lacqua speaks with Francine Lacqua later today. We are focusing on Donald Trumps first hundred days in office, brexit, and global banking. That conversation, coming up at 12 45 p. M. U. K. Time. Matt so, right about the time that the ecb releases its statement. You are not expecting a policy change, according to be economists we have surveyed. What we are expecting is an increase in the ecbs inflation forecast, 1. 7 this year from 1. 3 . The key is, guy, that we look at this headline number of 2 in europe. It is the core number that the ecb is more concerned about. That is less than 1 . It is because of the transitory nature of oil prices and you saw that yesterday in the 5 drop. They are focused on unemployment, which is high outside of the ecb headquarters in germany, where it is at a low. Guy matt, i am going to argue with you about this core. Look at what the output
Days, brexit, and global banking. This is bloomberg surveillance. Im Francine Lacqua in paris. Mark barton is in london. Im here at the j. P. Morgan Global Markets conference and we have some great guests lineup. Where going to speak to alain minc. We also have jeanClaude Trichet , former president of the ecb, and we also speak to the publicis ceo. We are the focus on france. I know theres a lot going on in the markets. Tell us about it, mark. Mark counting down to the culmination of that meeting. Stocks are falling for the second day in europe. Ive looked at the last 10 days. They are down for seven days in 10. Europes benchmark 0. 2 lower. The euro is up against the dollar. Earlier it was falling. Ahead rebounded slightly of that ecb meeting. I think the data point to watch today is the u. S. 10year yield. 2. 58 . The yield rising for the ninth day. That is the longest stretch since 2012. Were hovering around 2. 58 , highest level since december. Gross, 2. 6 is the level to watch. Th
Presented an alternative proposal for a Medicaid Expansion program. It would wind down Medicaid Expansion starting in the year 2020. The white house has assured edition officials it wont repeat allegations that British Intelligence was involved in spying on President Trump before the election. After a whiteed house spokesman cited a fox news commentators report that the british helped president obama spy on mr. Trump. A british spokesman called the report utterly ridiculous. Pushing into western muzzle today after the advance slowed because of bad weather and concerns about striking highly populated areas. Commissions are said to have intoved, forcing further the heart of iraqs secondlargest city. Returning tore now previously liberated areas. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york. Joe we are 30 minutes from the close of trading here in