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mark: let s get the bloomberg first word news. here is sebastian salek. sebastian: theresa may says parliament should be allowed to taking britain out of the european union. seemed to come after they dumped the pound of a concern the pm was taking a gung ho approach. by a third following the note 7 crisis. the company said profits will come in at 5.2 trillion one, won, down.llion donald trump has gone on a twitter offensive, blasting paul reid paul ryan as weak and ineffective. the shackles have now been taken off of him after ryan condemned his comments about women. the nominee continued his campaign speaking in panama city. this election will determine whether we remain a free country , or we become a corrupt, banana ublic controlled by large and foreign governments. the election of hillary clinton would lead to the destruction of our country. againstn: fraud charges to a junk rating according to investors. the possibility of an increase in borrowing costs ....
a rally that gives building as the day goes on. which has been a leader all day long, it is now better than 1%. 5%.dow and as the snp it is commodities given. driven. todayals are also rising as the price of underlying commodities are going higher and technology and industrials contributing to gains. a pretty broad-based in utilities. utilities are the only down right now. let s take a look at the underlying commodities. you heard daniel juergen s $50 forecast. your hearing more strategists come out and raise their forecast for oil. goldman sachs, they have the latest. the oil is going to a deficit sooner then they had predicted. now $47 67 a barrel. as bigures not seeing again, but we will see inflows into gold. let s look at copper. gold is the best performer in the s&p 500. it is raised to a $15 over cap one. analysts are saying the company will make more moves to the .ight side of the balance sheet those moves are coming soon. it has already been paring down its ....
of the morning. we will have the latest from the egyptian capital. so we re less than 30 minutes now until the european equity market opens. how do we think it s shaping up? negative. this is the impact of the fed minutes, rippling through asia and the effect in europe. looks like we will get a negative start. there are duties in the market today, down by a tenths of 1%, on the fairx lower value calculation. why? let me show you. this is the work function crest go and you get a whole lot of other asset classes. this is what s happening on the work function, and what it is showing you is what was only a tiny fraction a few days back is now at 32%. the june selloff could be july because we have brexit in the referendum in june, but we will watch carefully how it works its way through to the market. let s get you caught up among me you need to know what the bloomberg first word news. haslinda: an egyptair plane headed to cairo with 66 people on board has disappeared from ....
stronger dollar story. people are still going shopping in the u.k. retail sales numbers really strong in the u.k. yields up by around two basis points. much more on that in just a moment. most the yields rose the it almost a year. abn egypt air an egyptair flight has gone missing over the mediterranean sea. we have the latest with riad hamade in dubai. please tell us what we know at this point about this egyptair flight. unfortunately, we know very little. it took off from paris, disappeared around 2:30 a.m. egypt time from the radar. airbus 320. is an it was given to egyptair in 2003. it is not a very old airplane. the pilots were very experienced. right now, the militaries of egypt and greece are searching forn any debris. david: we ve heard president that no causeris has been ruled out. was it at cruising altitude and what was the weather like? riad: as far as we know, the weather was good. this is from the air traffic controllers. it was at cruising altitude come ....
manus: welcome to countdown. anna: welcome to the program. it has just gone 6:00 here in london. let s get straight to these baking raking numbers. the full-year profit at ryanair has missed aphis estimates. ryanair full-year net profit has come in at $1.24 billion with investment of $1.28 billion. the revenue number has come in at $6.45 billion. average fares are down by 1% with unit cost excluding fuel down by 2%. their specter to give something of a cautious outlook. some rehab headwinds facing this particular industry. the full-year 2017 net incentives have been $1.47 billion so it looks like ryanair is guiding the consensus number of little bit low. the company is saying 2% better looked year on year for the peak summer months. we will get a chance to talk about how the summer is looking for ryanair, what the impact has been in paris and brussels. o leary sl get mark thoughts on what happened to the egyptair flight. there s a lot to talk to him about. the topli ....