A huge statue in a cairo slum which is thought to be of pharaoh ramses ii, one of the countrys most famous ancient rulers. The head and torso of the 26 feet high statue were found submerged in mud and ground water in the east of the city. Known as ramses the great, the pharaoh lived more than 3,000 years ago and is credited with massively expanding the egyptian empire. Tributes have been paid to the singerjoni sledge, of the group sister sledge, whos died at her home in phoenix, arizona. She was 60. Music We Are Family by sister sledge. The band of four sisters achieved fame in 1979 with their Signature Tune We Are Family. 0ther hits included disco classic the greatest dancer. A statement from the family said joni sledge had loved, and embraced life. Lets ta ke lets take a look at the weather with sarah. We have dry unsettled weather in the forecast. Some variations, with showers across the far east of england which should clear overnight, and we will see more cloud and spots of rain i
Today, away from the hysteria of a global bond rout. What is going on and what it means to various Central Banks. Riggs. Re is taylor lls are feeling the squeeze from inflation costs by the brexit vote, several reports showed that uk residents have less spending power. They all cite the following pound as a factor. Stirling is down 18 against the dollar since the brexit vote. Regional parliaments and bill jim are expected to lift the trade deal between the European Union and canada. The rest of the eu already backs the deal. They couldnt have the green light until there was an approval, who couldnt approve until they received commitment on arbitration. Parliament is said to confirm the Prime Minister tomorrow, the caretaker leader lost the confidence vote yesterday, but tomorrow the socialist party rivals have agreed to abstain in the second vote, which should give him a simple majority. He has been acting Prime Minister for 10 months, because no party could gather enough votes to form
Lineup today. T first, live pictures from moscow as president putin makes his annual president ial address. We will discuss whether russia, brexit, and a u. S. President could make 2017 the year of total reset for Foreign Policy. We have a little bit of manufacturing pmi. The italian data is significant because this gives us a glimpse in the state of the Italian Economy just three days before they vote. These are the figures crossing our bloomberg terminal. We are seeing the Unemployment Rate staying put for october at 11. 6 . Line withty much in what were seeing in spain. Three days until renzis make or break referendum. Votell discuss what a no could mean. Lets get to the bloomberg first word news. Heres Sebastian Salek. Sebastian glencore will reinstate its dividend policy next year and plans to pay out the minimum annually. The worlds biggest commodities trader has seen its shares trickle this year. The chairman of bloomberg lp and the parent of Bloomberg News is a senior independe
Equity board. S p 500 futures negative not even a 10th of 1 . Minors leading the losses. Switch of the board. All eyes on crude. Inching to the 50 mark. Wti 48. This is what i am looking at in the fx market. A dollar on the front foot. Switch the board and get to this. 14483. One pound, camp. The remaining 37 in the leave. The referendum is ahead on june 23. That is when we are now where you get one pool and you get the spike. Lisa it wasnt one single pole, there was building up to this. Jonathan a bit of momentum may be. David now lets go around the world and check in with our Bloomberg Team for indepth coverage of our top stories. Mike is an anchor of bloomberg surveillance radio. Cooks first trip to india. Matts house and joins us. Lets begin now with mike. This is the feds april meeting that and minutes of the fans april meeting are out today. , what are we looking at . Michael they have been trying to talk the markets of present time and we are finally getting some reaction. Inves
German figures. Italy is in line. The gdp portion, it is more important what mario draghi is looking at. Tom absolutely. You see the economy growing less in the initial estimate, which gets back to the carney announcement yesterday of a lower forecast from britain. You wonder where the dynamic is, where a economies will pick up in 2016. I have not seen it yet other than the one german item this morning. Belowne a touch estimates. The real question, how much does it have to do with a weaker euro, and how much does it have to do with real growth spurred by economic reform . Lets get to the first word news. Nejra you have the numbers from the euro zone as a whole. Germanys economy grew at the fastest rate in two years. Gdp rose7 10 tense of a percent beating estimates. Thoughfset record unemployment in germany which has boosted consumer spending. A report says the European Unions Naval Operation to stop people smugglers in the mediterranean isnt working. Lawmakers in the house of lords sa