Welcome from our asian headquarters here in hong kong. Japans economy looking slightly stronger for the First Quarter. that one point figure looking in the bit better at better than economists were expecting. We broke the numbers last week. It was rising 1. 4 in the First Quarter from the previous quarter. Suggesting here that the Business Sentiments were stronger than previously thought. Slightlynsumption rise in the quarter. Theres still a lot of headwinds coming through for the japanese economy. When we talk about this current account balance, it dear thierry it quite a bit. That is weighing on japan. Pointing to some positive growth even after you subtract the first percentage point contribution from this leap year affect that we did see. This probe has been mainly driven by the fact that we do see this rapid reduction in real imports. That is not necessarily a good sign of good growth. Of course, with this sales tax ite being postponed now, lowers japans growth trajectory in 2016,
Have lifted sanctions linked to Irans Nuclear program. The European Commission says it is working constructively with turkey on visafree travel after turkeys foreign minister said if the eu does not make good on its promise to let turks visit europe without visas, turkey will not help the block with refugees. Bloomberg west is next. Emily this is bloomberg west. Coming up, the Stanford University president stepped down this summer, but his legacy lives on. I will speak with one of the tech communitys most influential pioneers. Plus, with 150 million active users and counting, turning attention to avenue. And a oneonone with the motor city matriarch. We catch up with general motor ceo for an exclusive interview how she is attracting top tech talent from Silicon Valley. First, to our lead. John hennessy will step down as president of Stanford University this august. He has reigned over the university for 15 years after raising more money than any university in a decade and attracting mor
The perfect trade. Pete, what do you say . Weve been talking about how technically its been holding on to the 50 and 200day average. The xle is the big cap names. The names have absolutely been performing. Look at the way the xle traded today. There are some of the dash for trash names. Ill give you a good example. Today i bought options out in chesapeake. If energys going to do what its been doing, higher highs, lower lowers, that were going to see some of the most beaten down names. To maybe start to have participation as well. I think, look, the fundamentals have clearly not been in focus here, right . This is a trade this is totally a sentiment trade. This is a momentum trade. Dont jump in headfirst thinking equities are at par where the commodities are trading. Bottom line is, what were seeing, fundamental guys actually pulling back and making sales at these levels. Maybe getting a little Long Exposure for momentum trade higher. The equities probably go a little bit higher. They a
Nasdaq up by close to 20. Overnight in asia, the nikkei up by 0. 6 . The shanghai deposit was flat. In europe, some of the early trading, youre seeing those positive gains are continuing here the dax is the biggest gainer of the major averages up by 1. 7 . The ftse is up 0. 6 . They finally decided if the economy is is not going to get better, at least we got glory. You almost heard both messages from yellen. The economy is doing okay. She wants something to confirm in one number, i dont think one month would confirm. July, like 20 now. I think its still on the table. We also want to see what happens with brexit. For eight years its been look. The economy hasnt really been getting any better but we got the free money. Weve got the low rates. Lets buy stocks. That still works. There no alternative to move, right . Yeah. There is some corporate news. Some corporate news, not so great news for yahoo this morning. Verizon going to submit a bit of only around 3 billion. The wall street jour
Exchange on cnbc. Im wilfred frost alongside susan lee in for sara again. A very good morning, susan. Good to see you, wilfred. Lets get you up to speed. Dow closing. 25 . And the oil prices were stronger yesterday. The Energy Sector was the best performing sector. Oil prices up slightly again today. Thats led to gains around the world. And gains in the u. S. Futures markets, culled high by 66 points on the dow. About a third of 1 on all three of those indices. Its interesting to point out the biggest reaction to all of the fed speaker over the month has been bonds. If you look at the bond markets down to 1. 73 . Of course, we were near 1. 9 a few weeks ago. Well get you more to the markets in just a bit. But first, breaking split cal news. Montana, south dakota, north dakota, and the most up for grabs, 475 at stake for former secretary of state Hillary Clinton and senator Bernie Sanders. But ahead of todays contest, word comes that hillary has gone over the top of the magic number of