Times what it is now. Underfargo under fire and samsung under pleasure and the Transpacific Partnership under a microscope. Tpp is not the answer. Onglobal trade will go whether we participate or not and its up to the United States to lead. Its all straight ahead on bloomberg best. Hello and welcome, this is bloomberg best. Angie the week began with a jolt as the u. S. Government and launch officials investigated weekend bombings in new york and new jersey. An arrest on monday answered some questions and raised others. A man identified as a suspect in planting bombs in manhattan and new jersey was captured today following a shootout with police. The attack is terror back on the front burner for the president ial campaign. Live shots of donald trump in fort myers, florida. The bombings seem to play into his rhetoric on closing down borders and take and kicking muslims out of the country. Do we presume he will use this for the next two or three days and can drop honorees other issues lik
Refugees wait on the greek and Macedonian Border as eu leaders face a deal to return them to turk turkey. Seaworld announced it would stop breeding killer whales. Hello. Brazil is facing a political crisis after a judge blocked the appointment of former president Lula Da Silva as chief of successor to his successor Dilma Rousseff. The federal judge issued an injunction on the grounds his appointment could derail legal proceedings. They charged the former president with Money Laundering and fraud as part of an investigation into corruption at petro brass. They say she brought him into the government to protect but to secure his support in blocking impeachment procedure against rousseff herself for alleged financial mismanagement. Lets start with Lula Da Silva. Has he been stopped from joining the government . Reporter he ha z at least temporarily. A pearl judge in braisilia, which is the capital. However the federal government is now appeals that decision. Bottom line here, Public Opini
Said to plan an offer for yahoos with business, including its japanese arm, sending shares in tokyo surging. You are welcome to countdown this friday morning. Im manus cranny in london. The cynic in me says the markets are preparing for something much more insidious to come. Lets focus on the yen. Has the yen run it smile . This is where we are seeing dollaryen on a time frame, high noon for the yen in the United States. View at theo be the moment. This was new york yesterday at 11 00. 4 00 in london. Midnight on the orient express. We see the market begin to turn around. The voices of intervention are rising. The high for yen was the strongest since before qe. Weve had a fiveday rally. Up2. 8 against the pound and 2. 6 against the dollar. The biggest moving yen was against the pound. Bank of america says get ready for appreciation. Nomura says the level at which you see appreciation is 105. A friend of the program was spoken. He says they wont intervene on dollaryen until you trigger
Right now. Good morning and welcome to Worldwide Exchange on cnbc. Im sara eisen. And im wilfred frost. Sara, welcome back. Missed you yesterday. Came back, though, for double day. Fed meeting, boj, super tuesday too. Its getting exciting. We sort of missed you. I dont want to be too clear on it. We dont want to make you think we have to have you back every single day and you cant enjoy some holiday once in a while. Lets have a look at u. S. Equity futures this morning. Of course, yesterday we sort of lost a bit of steam. We had the lowest volume day of the year so far. Were looking at a little negative again today. The dow called lower by 84 points. The s p by 13. The nasdaq by 27 points. A quick look at the tenyear yield as well. A good gauge of risk sentiment the last few weeks. The moves have been clear. Weve been ticking up closer to 2 . However, the last couple days weve been treading water. Were back down to closer to 1. 9. Nonetheless, seeing a little bit of riskoff sentiment t
Fedticipation. Looking ahead to tomorrow and what people can expect. Valeant shares are down big this morning after disappointing results. And its mega tuesday with five major primaries taking place across the country. Well go live to one of the most important states hitting the polls today. First up, retail sales down 0. 1 last month, in line with expectations, january sales revised downward from 0. 2 to 0. 4 down. Producer price is down 0. 2 in february. Unchanged if you strip out food and energy. The data coming as fed policymakers are set to begin their twoday meeting today with the latest policy Statement Due tomorrow afternoon. That will be followed by Janet Yellens news conference. A big question is whether or not their statement reflects some firming of inflation. Ppi today relatively stable. I think things are tame. Obviously James Bullard was talking about oil going to 20, how he might have to revise his view. It went to 40 and has come back. The thing thats devastating is th