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is a huge search and rescue operation off of some of the greek islands where we have lost atck of the egypt airplane 2:30 local time last night. is very fluid. we are watching for the aggregation of headlines. we will have a map soon. i know we are going to cairo soon. it is a nation that has seen too many of these accidents. francine: let s get to the bloomberg first word news. here is nejra cehic with more on egypt. jetliner fromtian paris to cairo has disappeared over the mediterranean. egypt s prime minister says he cannot rule out the possibility of a terror attack. flight eight 04 was lost on radar at 170 miles from the egyptian coast. it was an airbus 823. andtian military aircraft ships are searching for debris. we will have more in a moment. iran has launched a charm offensive for europe s elite. their meeting with their european counterparts. they re trying to break a deadlock in investments caused by the few remaining u.s. sanctions. credit suisse says the br ....
i m francine lacqua. let s get straight to the bloomberg first word news with nejra cehic. nejra: france s foreign minister says there is total cooperation between his country and egypt after a plane flying from paris to cairo vanished over the mediterranean. the mystery surrounding the disappearance has deepened after greek authorities dismissed reports that debris from the aircraft and been found. investigators say flight 804 made a series of terms before descending rapidly. 66 passengers and crew were on board. the pilots sent no distress signals. aircraft washe approximately 10 to 15 miles inside egyptian airspace at an altitude of 37,000 feet, executed a turn 90 degrees left, then a turn of 360 degrees to what the right, dropping from 37,000 to 15,000 feet, and then the picture we had was lost at about 10,000 feet. nejra: new york fed president bill dudley says the federal reserve is moving closer to raising interest rates. his remarks echo sentiment in minutes at ....
at central bank s. there is that all-important g-7 meeting where we talk about currency wars. we just found out in the last couple minutes that according to egypt state tv the egyptian military saying it has found part of the wreckage. tom: these two headlines are coming up across the bloomberg. what i find fascinating is the different treatment in waiting thehis plane crash and speculation about terrorism within the london newspapers and the new york papers. it is amazing how this tragic event translates differently across the atlantic. francine: that is something we will have to explore further. in the meantime, let s get straight to bloomberg first word news. vonnie: breaking news on the missing egyptian airliner. according to reports from egypt s broadcaster, the military has found wreckage from the plane off the coastal city of alexandria. 66 people carrying vanished while flying from paris to cairo. thereiation minister says is a chance that terrorism knocked the ....
over in europe, snapping back, all of yesterday s post, up 1.2%. the dax fell. euro-dollar, 112. that is not much ammunition. they need for the g-7. it is a weaker japanese yen. yields up a little bit. that is a market that is stabilized. up a basis point. david: let s check in with our bloomberg team. mike mckee in new york on a possible summer rate hike. we will look at goldman sachs to annual meeting we will look at goldman s annual meeting. we will begin in paris with egyptair bound to cairo bound for cairo from paris. it seems that debris has been found. yesterday, there was a report that it had been found from the greek navy. not from theat was flight. the egyptian army has come out with an official statement says saying debris has been found a few hundred miles north of alexandria, which is the area that is the area with the plane was expected to go down. they found passenger items and bits of the plane. i don t know how long it will be before they can get ....
if not in the immediate wake of the fed minutes coming out. the nasdaq and the dow all higher. the nasdaq is the winner of the day on strong technology numbers from applied materials and a general lift and technology. if you look at the week now for the s&p 500, it is posting a gain of nearly half of 1% even though there was that rocking this in the wake of those fed minutes coming out. week,still again for the snapping a three-week losing streak for that index. in today s session, tech is the best performing sector here. information technology up nearly 1.5%. financials also doing well as well as health care. consumer staples not faring quite as well. , watchingage terms some of the best performance on the s&p 500 today, i mentioned makerd materials, the of chipmaking equipment, with a forecast ahead of estimates as orders search. endo health solutions apparently the federal trade commission is granting some kind of antitrust approval for an action, but it s not clea ....