On todays show, were speaking and peterhaffer dixon, Global Equities economist at commerzbank. If you have questions for either of them, go to the bloomberg. Run the tv function and hit the id show producers function. You can stay in touch with us throughout the show. Weve just got some breaking news to bring you. Eurozone manufacturing pmi, it hs bang in line wit estimates. This after we got a little bit of a softening in the inflation data last week. This number coming in strong. Lets get to the markets, see how they are performing. It was a Strong Quarter for global stocks. Equitieseing european starting a quarter on the front foot. The stoxx 600 up 0. 2 . Euro rebounding after four days of losses. Little bit of sterling weakness coming through. That is off by 0. 1 . Wti holding above 50 a barrel. 50. 56. Lets get the bloomberg first word news. Heres Sebastian Salek. Sebastian donald trump says america can address north Koreas Nuclear threat unilaterally. Summitments, ahead of a bet
Desperate luminary aprils preliminary university of michigan sentiment. David welcome back to the program. Is it as good as he makes it out to be . So far. I havent been through the full release. The Biggest Surprise coming from trading, whenever they have a big beat like that, that is the first place i look. Fixed income coming in betterthanexpected. Growth came up 17 yearoveryear. Analysts expected trading to be down and was actually a bit higher. Long growth came in around 9 . Trading, weok at focus on the Net Interest Margins. The industry statistics have shown a big slowdown. Question andk the there wasnt a solid answer as to why the industry was showing slowdown. Some of the regional banks have been sing that theyve been saying Slower Growth saying that theyve been seeing Slower Growth as well. David it is tapering off somewhat. Yes. Last year, a lot of the growth came from mortgages. Holding more mortgages on your book. Where investors are focusing this quarter is the slowdown i
God willing, you will hear the good news. But the militants are putting up a fight. Theyve carried out suicide attacks using cars packed with explosives. Iraqi officers say they found booby trapped buildings and roadside bombs. This tunnel was found on mosuls outskirts. Its believed the militants used it as an Evacuation Route and a bunker to take cover from air strikes. Translator when we attacked them, they were cooking. The tunnel offers clues as to how the militants have dug in to try to defend the city theyve controlled for two years. It has a cooking area and abandoned food. There are also electric cables. Similar tunnels have been found in other abandoned villages. The mission is being backed by the u. S. Military who are providing air and ground support. Humanitarian organizations are urging caution. They say civilians trying to flee mosul are at great risk of being caught in crossfire. Human rights activists are revealing a grim picture of syrias civil war. They say more than
God willing, you will hear the good news. But the militants are putting up a fight. Theyve carried out suicide attacks using cars packed with explosives. Iraqi officers say they found booby trapped buildings and roadside bombs. This tunnel was found on mosuls outskirts. Its believed the militants used it as an Evacuation Route and a bunker to take cover from air strikes. Translator when we attacked them, they were cooking. The tunnel offers clues as to how the militants have dug in to try to defend the city theyve controlled for two years. It has a cooking area and abandoned food. There are also electric cables. Similar tunnels have been found in other abandoned villages. The mission is being backed by the u. S. Military who are providing air and ground support. Humanitarian organizations are urging caution. They say civilians trying to flee mosul are at great risk of being caught in crossfire. Human rights activists are revealing a grim picture of syrias civil war. They say more than
High Interest Rates. Sometimes, believe it or not, topping a 300 annual rate. The goal, it says, is to protect consumers from risky financial products. The industry is bigger than many think. Its market size, 39 billion in revenues. According to pew research, about 12 million americans use payday loans every year. There are some 20,000 payday lending outlets nationwide. Even though the practice is banned in 14 states. Thats more than the number of mcdonalds, which is seemingly everywhere, with 14,000 restaurants in the u. S. Heres eamon javers with a look at the proposed rules. Reporter in kansas city, missouri, today the Consumer Financial Protection Bureau announced proposed new rules designed to keep people from getting trapped in a spiral of debt from unpaid payday loans. The bureaus director said the move was designed to protect oftenvulnerable borrowers from what can be painfully high Interest Rates. The very economics of the payday lending Business Model depend on a substantial