from africa has been discovered. india s prime minister narendra modi is celebrating a sweeping victory. he s secured another five years in office. these are the results so far. mr modi s bjp you can see he has a commanding lead with 350 seats. his party has done even better than the landslide it secured five years ago in the last election. narendra modi has tweeted. narenda modi spoke from delhi. here he is. translation: since independence, many elections have been taken place but only in this election we have seen the highest turnout and that too in 42 degrees heat. this shows the commitment of all citizens. millions of indians have blessed us. my thanks to the people. and imran khan, the pm of pakistan tweeted. .. remember, there are tensions between india and pakistan over the territory of kashmir. earlier this year, both launched air attacks on each other during a military standoff. rahul gandhi, head of the national congress, has three generations of indian prime minist
overnight volatility did pick up a lot. you will be up six or down six. it will be extreme either way. david: we will talk to alex chalk, a conservative member of parliament. alix: too much stock wherever you look, not a lot of price action anywhere. zero dollar also and changed, 10 year yield unchanged. very modest.8%, considering the u.s. has oil sanctions on venezuela. it seems like it s earnings for direction verizon earnings missed estimates. in stronger than estimated but revenue was light. david: the question is the guidance, what they are looking for in the next year. there s been a real warning on the guidance. beat by asu didn t much as you thought, you got killed. david: we saw some extreme reactions on caterpillar involving china. now, time for the bloomberg first take. we are joined by romaine bostick this really explosive indictment of huawei, 13 different counts. china was pretty emphatic right urge theng we strongly u.s. to stop unfairly targeting huawei a
edwards. we will be joined by manus cranny from dubai. let us get to the risk radar can the last 24 hours or so. today s show brought you by the city of vienna. on the opec front and the ecb. putting aside for one moment, let us have a look at the asian session. the nikkei to do five down by 1.9%. it was down at one point by more than 2%, looking for the biggest drop around a month. and that is amid the wildly expected stimulus package by abe. level, towards that 109 perhaps more again strengthening this morning. a host of factors in here. here, boj,ax news in resident risk, all of that working its way to the japanese currency. and we have about her index in there for you. down two cents, and the page veryovernight, a keyword, often used in that report, 23 times mentioned in just six pages. setting up the jobs report tomorrow and the meeting on the 15th of june. let us to the bloomberg first word news. here is rishaad salamat. trading for a fifth day, opec ministers meet in v
first time in almost seven years. many forecast saying sub 60 is here to stay through 2016. a little bit of a rebound. koppers, metals, a little bit higher, a 10th of a percent. gold up .1%. that to do with the federal reserve more than 80% probability they will hike. those technical indicators are telling us when it comes to traders. miner to keep an i on one , potentially some gold. one of its minds has suffered a spell of toxic residue it. this is in desperate this is being reported by the that breaking news from bloomberg sources that in the united states, dow chemical and dupont are in late stage merger talkers late stage merger talks. if is consolidation a good thing when you have a glut of temples in the market. glut of chemicals in the market. interesting news in terms of construction. carillion coming up almost 5%. why? because things are looking pretty rosy. jonathan: thank you very much. european equities, i don t think that is a convincing bounce. we are
you are watching the pulse. i m guy johnson. francine is in the building, just not on set. she will be back. let s get straight to our top story. oil trading at the lowest level in four years. this the day before opec meets in vienna. a deal to cut output looks increasingly unlikely. saudi arabia s oil minister has said that tumbling prices will stabilize and there is no need to reduce production. nexen go, venezuela and russia have als decided not to take action. the boss of rosneft has the same view. he has been speaking to ryan chilcote in an exclusive interview. he says his country can $60 aand prices as low as barrel. we decided to monitor oil prices over the next year. possibly everything is necessary. industry was privatized a long time ago. owners andrivate peculiarities to working in russia. like the climate and logistics. russia s oil producers will .eact to market demand efficiency is the main factor of determining market supply. if the demand and the price are