There is t minus one year and 11 months to hash out a deal. This is bloomberg surveillance. Im Francine Lacqua. We are joined by the head of all the assets. We will be speaking to Aberdeen Asset managements martin gilbert. If you have any questions and are a bloomberg customers, just hit tv. We can ask the guests a question on your behalf. This is the eurozone data and eurozone manufacturing pmi, coming in at 56. 7, a touch below what economists were expecting. Anything below 50 indicates an expansion and it is a touch above what we had the previous month. This is for april, for the euro area. We are waiting for the breakdown to give us the strength and weaknesses of each country. This is the picture for the markets and i would point to global stocks overall rallying. European stocks, gaining 0. 2 , heading for fresh highs. Investors are focusing on stronger corporate earnings. The yen, extending losses. A second. T to the and first, lets get straight to the bloomberg first word news.
Hour developing, as well. Mexicos president just cancelling next weeks trip to washington. Michelle cabruso cabrera onset with us. We have the panelists, steve weise, josh brown, pete najarian. Michelle, you first. Maybe not that big of a surprise, considering the jousting that has been going back and forth between our two countries over the last many days and weeks. Yeah, and its been playing out mostly on twitter at this point over the last couple days. The president in mexico putting out a tweet, saying we just informed the white house this morning that were not going to attend the event that had been planned for tuesday. This comes in the wake of him putting out a Statement Last night, saying, listen, weve heard about the executive orders, were going to try to protect our citizens that are living in the United States. And by the way, im going to have a big meeting with the senate. Governors board here, and also my Foreign Ministry team. And were going to decide, were going to have
Youre in new york. Are you okay there. They asked us to step outside for the beginning of the show but said no. I left my cowboy hat ott home so i couldnt possibly do it. Also you dont want to get assaulted by the tickle me elmos tackle me elmo. Theyre doing a whole show fromout side. Im Michelle Carusocabrera along with melissa lee. The wind behind us late winter blizzard is continuing to pack a punch, 72 million from West Virginia up to maine impacted by the storm. More than 6,000 Flights Canceled and the Weather Channel putting the hardest hit area from the storm here, dingmans ferry, pennsylvania. 24 inches of snow. Wow, we will have the latest on the storm straight ahead. First a check on the action on wall street. Stocks, theyre lower across the board, energy is certainly the biggest drive in todays session as crude oil touches its lowest level since november. 47. 32 a barrel. Fed kick off a twoday meeting and yield on tenyear treasury, 2. 6 , just a bit below right now. The wors
The oil market rebounding faster as opec implements the deal that i do not know if it has had an impact. It seems pretty selffulfilling, right . We knew they were looking for some kind of agreement to freeze production. If that is implement it, it will help the oil markets. The iea coming out with its monthly report, saying they see the Oil Market Rebalancing faster if the opec deal is important in. It seems a given, but who am i to say . You see brent at 33. 01. We will have plenty more on the iea and go live to a stumble for the petroleum conference. First, here is sebastian selleck. Seb the Republican Party a conferencecalled on Donald Trumps embattled campaign after paul ryan said he will not defend or campaign for the candidate after the comments about women. Stick to illegal immigration and stop running him. A new poll Shows Hillary clinton enjoying a 14 point lead, the largest gap so far in that survey. Since i has suffered its biggest intraday fall in a month after asking all r
Day. This is about Central Banks. We are learning about china and were talking about the pound. Tom it is an interesting economic day. Great series of smart guests to give us depth. I would notice are the headlines just out of microsoft. You have the hewlettpackard headlines yesterday of the split up of the split up if you will on hp q and now you have microsoft out with a 1 severance or layoff or job cuts. I like job cuts on the bloomberg banner. 1850 out the door. Shows the door of the real economy around the economic data. Let me guess, we will also talk about brexit . Francine surprise. [laughter] francine it is a month away. We may talk about it for the next three years. The imf has backed off and greece will get its next round of Financial Aid. It will allow the relief of more than 11 billion and they will take steps to ease the burden of the countries 58 billion in debt. They stood down after originally insisting that the program did not offer a path to fiscal sustainability. Th