Here in europe just wants to know whats going on in the u. S. Tom a whole bunch of things to talk about. We have the fed meeting, the bank of england meeting, job state. I want to know why you arent doing a 4 00 a. M. Are you slacking off . Francine its the european way. I really dont know who sets the international clocks. There is always one or two weeks where the europeans go down in our. Tom this is what has ripped up the script all the way across the New York Times and every other paper in america, for our global audience all i can say is there is no other story. Will be joined in a bit just stunning what happened in the United States this weekend. Francine it is. People are transfixed. Lets get to the bloomberg first word with taylor riggs. Taylor the European Union side of Free Trade Agreement t delayed in belgium. Just injured was in belgium for the ceremony. The agreement will cut tariffs for eu manufacturers on hundred Million Dollars a year. The eu had to overcome objections
Louis fed president. Said officials continuing to talk up a rate increase as early as june or july. A look at what it means for stocks from a top strategist. Desk head to the markets where julie hyman has the latest. The markets are lacking a clear direction today. Julie treading water is the phrase that comes to mind here. We are not seeing too much change whatsoever in the major averages right now. The s p 500 is betting unchanged on a percentage basis. The nasdaq gaining a little bit of traction as investors are following the perception about thated really emphasizing june is on the table for a rate increase. They are now awaiting a host of Economic Data coming out this week. They will have to wait for numbers on new home sales and durable goods. Take a look at the bloomberg for the groups on the move here. As you might expect, it is evenly divided between red and green on your screen at the moment. Materials gaining some traction, as is tech, which explains the outperformance of th
How much more short can the market be when it comes to the pound . The risk off trade very much highlighted in sovereign bonds. The 10 year german bund in negative territory for the first time ever. Move, we the flagship all waited for that move down to subzero on the german 10 year. Alix in the u. S. You have treasuries down at 2010 lows but where is that money flowing out of . Russia, spain, italy. Jonathan in crude, softer session again. Alix it has been days when we have seen this risk off trade for commodities. A similar story with copper, 2. 03 a pound. Money is coming out and pouring into those safe haven assets. Jonathan the Brexit Debate dominating the conversation. I want to bring you around the world for indepth coverage. Today it is all about rex it. London, matts in miller in berlin on subzero yields on the german 10 year first ever, and matt boesler on the fed meeting. Guys begin by bringing in johnson and matt miller in london and in berlin. For pauls, three Different Co
Caroline the war of words continuing, but i think getting the use out to vote, it has been so persistently about the economy. When will we see it and sent of is to exert their democratic right right . Poor, 0 ,ne looking no change, no growth for european retail sales in the month of april. The market is expecting at least. 0 0. 4 increase eurozone still not looking all that pretty when it comes to the data. Polarity of the consumer in europe versus a better consumer and the United States, Charles Evans coming up. Our first word news. Nejra the u. S. Labor departments monthly job deport do well later this month later today. Payrolls rising by 160,000 in may. That would equal aprils total but would mark a slowdown from average monthly growth of almost 230,000 jobs. British Prime Minister David Cameron denying accusations he is ratcheting up fears about the impact of a potential brexit. Last night he defended while outlining the potential economic headlines from a departure. We have to ne
It seems like brexit is underpinning every investor fear and driving markets lower. It seems the Brexit Campaign is gaining serious momentum. Tom i guess i look at it like the fed meeting tomorrow. The Brexit Debate is data dependent. When i am fascinated by, i know we will touch upon it through bremainance, how do the people respond to what you see . Francine i do not think it is data dependent. I think there is emotion and it is a very Clear Campaign from the brexit people saying if you are historically one that takes the u. K. Can win this then you should vote for brexit. This is a very interesting nuanced game plan. Lets get straight to the bloomberg first word news with nejra cehic. Four new polls indicate the u. K. Is on a path to leave the european union. Has the leave faction ahead by as much as seven points. Britains biggest selling newspaper came out in favor of a brexit, saying if britain stays in the eu britain will be engulfed in a few years by this german dominated federa