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anna: a very warm welcome everybody. this wednesday morning. i am anna and words. edwards. moving the markets, two of them, san francisco john williams and the conclusion being that at least two interest rate hikes may be warranted in 2016 because of the expansion in the economy. and inflation increasing. over a goldman sachs, there is a chart over the two-year spread in the u.s. on the bloomberg. they re warning bond investors that they need be more prepared for the fed to increase interest rates. bill gross of course did something similar earlier on shouldnth, markets not count the fed out. what we re seeing here is the increased demand for long-term debt, at least seeing a decrease over the two year yield. that spread is the smallest since 2007. it seems that in some senses, markets are not repairing a big difference between what we are seeing in the rhetoric from the fed. not all of the assets have been reacting a great deal to what we heard from the fed, i should ....
a very warm welcome to the program. this is counting. waitingm london, we are for a host of corporate earnings this morning, particularly from corporate spirit we have been asking for a couple of days now when we will see markets adjust expectation. we heard a lot of hawkish commentary over the recent weeks, we got our answer. fed a show you what the fund reaction was the reaction, we have a chart that shows that for you. last night in the minutes, they said that depending on growth and the labor market and inflation, judging appropriate to increase rates in june. this is a chart we saw in terms of the fed fund futures. the function on the bloomberg, adjusted very quickly. hike in 4% of a rate june on monday. and now we are 32%. a big adjustment. let us go to the risk radar next. tell you what has been happening overnight in those markets. this is all linked of course. 2/10 of aex of percent. up in yesterday s trading session, near a seven-week high. speculation about a ....
in more than 150 news bureaus around the world. bloomberg newsroom, bloomberg west is next. emily: i m emily chang and this is bloomberg west. elon musk takes shareholders down memory lane at the annual meeting. we will bring you the details. uber gets a million dollar credit line from wall street. it may help the company grow but how do drivers deal? the white house looks to sponsor entrepreneurship in africa. assistanteak to the secretary of african affairs for more details will details. the tesla shareholder meeting is underway with elon musk treating investors to something different a look back at the history of the company, it s beginning, it s motivation and the story of what has happened over the years. : we always try to do the right thing. we care about that. when we make mistakes, it s because we are being foolish or stupid or whatever. always made with the right motivations. walk through tesla s origin story comes a time when tesla is trying to meet a ....
five democrats on the committee sent a letter to the chairman requesting a joint report. republicans and democrats have in at odds since the inception of the two-year-old probe. four americans were killed in the attack. california governor jerry brown is backing hillary clinton for president. the endorsement comes at a critical time. four-ball stomach that the candidates, california holds its primary next tuesday. global news 24 hours a day powered by our 2400 journalists in more than 150 news bureaus around the world. from the bloomberg newsroom, bloomberg west is next. emily: i m emily chang and this is bloomberg west. elon musk takes shareholders down memory lane at the annual meeting. we will bring you the details. uber gets a million dollar credit line from wall street. it may help the company grow but how do drivers deal? feel about it? the white house looks to sponsor entrepreneurship in africa. we will speak to the assistant secretary of african affairs ....
from london. the big number out of the u.s., of course, we also think about what the fed is going to do in june, or july. this takes on added providence prominence. the job she really outlined for the dollar has been doing. dollar bouncing since the start of may. it was the april minute of the federal reserve that had a fire under markets and changed expectations a little bit. chance of a 22% hike in june. it is not a certainty that we will see that, and bear in mind these numbers today, what will the participation rate be, what will the wages be? complex, as always is than just one number. hundred 60,000 is the expectation. let s he remarked a day after the ecb. currency, fairly well stuck in a rut. been the least volatile the past three months than anytime since january, 2015. the pound against the dollar, it is been a good week for the pound and a reassessment around that brexit brexit risk. implied volatility soaring. it is the highest since february 2009. brent j ....