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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 ....
borenstein. amanda: let s check in with our bloomberg team for in-depth coverage. miller in berlin as german low, andp to a record andr current enda curran simin demokan. david: we begin in london. mario draghi and company have begun buying corporate bonds. let s bring in guy johnson. what do we know if anything about which bonds they are buying? guy: they are looking for the most liquid bonds. this is a new phase for mario draghi and the ecb. it is looking to step up its program, boost its balance sheet, trying to get money in different areas of the economy. it is buying the most liquid names in the corporate sector there, anheuser-busch. they have been buying spanish telephone companies. liquidig names with big pools of corporate credit that they are stepping into. the bond buying program has been rippling into other assets so you see it affecting the equity market. affect also. year buy aroundoking to $5 billion each month, and we will find out where. that the mark ....
amanda: we hear from the ceo of disney with just a week until the grand opening of the new theme park in shanghai. around the world and check in with our team for in-depth coverage. brussels where mario draghi has been speaking this evening. guilty yields dropping a record low. david: let s begin in brussels were mario draghi has been calling on those to help the european central bank store economic health to the area. economic form with the latest. what are these reform specifically that mario draghi is asking for. amanda: i don t hear him. david: i m afraid we lost a matt miller. it fromwe now take brussels. talk about the brexit vote fallout. in this case, interesting to the 10 year bond dropping to record yield. it to anna edwards now. what is driving the yield? about what islk been happening to guilty yields this morning. they ve come up a little bit since then. talk, was on the final before the eu referendum that takes place on the 23rd of june. you have the globa ....
the markets desk, where julie hyman is tracking the moves. the fed, the doj, with big corporate m&a deals. julie: it has become a busier week today with microsoft and linkedin, yet today it seems like faster tracking oil prices, not necessarily those other events. when oil started to make a recovery, we saw stock to the same. now stocks are tracking right along with it. alternate day averages briefly in the red after going briefly positive midmorning. the nasdaq is now down three quarters of 1%. take a look at what s going on within the groups here. overall the s&p 500 is tracking oil prices, trajectory why is it does remain higher. tech shares are weighing the most on the s&p. taking a look at the big cap within the group that s falling, microsoft declining after ring to buy linkedin and apple shares shareshe report that will fall 8.6% year-over-year. facebook has been lower, missing a price here for some reason. a bit of a glitch going on here. but they did say they w ....
a warm welcome to the program, live from london on anna edwards. let s look at where the markets are trading. i have a chart that shows the post or exit vote bounce we are .eeing in the global market the relief rally following the brexit vote is entering its third day. we have the pound versus the dollar also bouncing a little bit and the red line marks the point where we started getting those results coming in that suggested we re heading towards brexit. let s work out where we are in .erms of the overnight trading we ve got the msci asia-pacific of by 1%. more than 1% as result. the broader conversation is very interesting at the moment. odd measureike an of gold. i will just tell you it s $1513 per troy ounce. 24% increase in the gold price year to date. the pound also down by a round .25%. little changed against the euro if you looking for any expression of the result of the brussels meetings. it seems that brussels is still taking a fairly firm line. the yen has ha ....