on bloomberg television. vonnie: we're going to take you from new york to london, to st. petersburg. signaling increasing concerns about the global economy. bond yields from germany to australia also sinking to record lows. mark: one of the major concerns is the market impact of a brexit with seven days to go before the -- great britain votes to leave the eu. vonnie: then an exclusive interview with russia's deputy prime minister, addressing everything from oil prices to potential asset sales. to the close of trading here in europe.

have a look at where equities are looking. there you have them. isry single industry group trading down. the stoxx 600 is 1.46% lower. we are lower for the sixth day in seven. the last seven days have seen 7.5% wiped off the value of european equities. that equates to 680 billion euros. every single stock is down -- or industry group is down. the concern, once again, reverting to the u.k. referendum in just over a week's time, as well as the central banks that have dominated the airwaves in the last 24 hours. gold miners, gold rising today inrand gold -- it has mines mali, ivory coast, the democratic republic of the congo -- it is benefiting from the 7% in the price of gold. if brexit occurs, gold could

reach $1550 an ounce. that is according to the strategist we have survey data bloombergs. this is rand gold versus gold. 5056% higher. that is not bad. the s&p 500 in the same time period is up by 40%. a dark day for the banks at record lows for credit suisse. the swiss national bank says they need to take further measures to meet switzerland's capital requirements. today, it is 3% lower. bs is down by 1.3%. deutsche bank is at a record low today. look at the u.k. 10-year after the bank of england repeated its warning that quitting the eu could damage the economy. uncertainty surrounding the vote, it says, is already having an impact. it could-in a brexit scenario.

this is a big one, adding that the vote is the "largest immediate risk facing u.k. financial markets, and, possibly, also global financial markets. the u.k. faces a tricky balancing act because of sterling falls, inflation rises, and then you will have the dent on the economy. regardless, you have the you care 10-year falling to a record low for the eight consecutive day, the longest stretch since --ober, 2014, since the boe 2014. since the via we last met on may 12, yields on the 10-year at fault by 20 -- fallen by 20 basis points. there is a flight to safety. vonnie: the volume is falling on the u.s. 10-year. we have blown through the records of 2012. 1%.are now at 1.52

let's head to the markets desk were julie hyman has been looking at u.s. equities. julie: there you have the one-day. i have the five-year chart of the 10-year to look at what we are seeing in terms of that action. it we are today at that 1.521%. sincewe are the lowest late 2012. looks at we are at the lowest since summer of 2012. it is moving lower and lower. it does not look like we are threaten to get to record lows, but it is remarkable -- the turnaround in sentiment we have had in the u.s., and the turnaround in expectations for what the fed is going to do and what the fed has done. what the fed talked about yesterday. look at stocks in the united states at stocks in the united states. a notable streak -- 80 losing streak for u.s. stocks -- a losing streak for u.s. stocks are the sixth straight week -- stocks. the sixth straight week of u.s. commodities declining. a longest losing streak we have seen since august.

in magnitude, it is the biggest losing streak going back to february, where we saw stocks which their lows for the year. a lot of concern around the globe about slowing growth and the ability or inability of central banks to do much about it. look at futures over the course of trading overnight and into this morning. we have this leg down since the opening bell. it has been pretty remarkable here. also, when you look at what is selling off today, it is nearly everything groupwide in the s&p 500. utilities, because they tend to rise one bond yields go down, and they keep going down. that is the only group in the green. energy seen a lot of selling -- financial, industrial, materials -- anything with a risk of being economically sensitive or cyclical is down. airlines are down. bank of america merrill lynch is downgrading american airlines to an underperforming at we the other airlines following as well. analysts are concerned about now

rising fuel prices and rising capacity as we head into the busy summer travel season. of course, commodities, which we are going to look at, but having a losing streak in the case of oil, and a winning streak in the case of gold. , tnie: vonnie: t y vonnie: y, julie -- vonnie: thank you, julie. first word news. bloomberg's ryan chilcote caught up with jean-claude junker at the st. petersburg international forum. ryan: we are one week from the u.k. recommend them. what would you like to say to head of theers a referendum. ncker: don'tju do it. silentlydreds marched

grieve paris streets to to be will police officers that were stand -- stab. the attacker was killed in a police raid. investigators have found the main wreckage sites of the egyptair plane that crashed into the mediterranean. thechers gave the gist of address. investigators are trying to find the plane's blackbox fight recorders, which might be the only way to fight recorders, which might be the only way to figure out how the plane crashed. president obama and vice president joe biden are flying to orlando to pay respect to the victims of the nightclub massacre. it might reshape the presidential race. mr. obama has been pushing for them control, gay rights, and acceptance of muslim americans. he angrily reviews republican candidate donald trump proposing

a crackdown on muslims in the wake of the shooting. global news 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world. mark: we are just getting some news for him -- from the labor for britain campaign, the main campaign for the opposition labor party. it says it is suspending its referendum campaign following mp. shooting of we heard joe cox has been shot and injured according to a press report. the bbc is saying as much, citing unidentified eyewitness. her office says she has been shot and stabbed. labour remain cap says it is suspending its referendum

campaign. that is, cross twitter in a few --that has come across twitter in the last few minutes. we'll keep an eye on that. the bank of england left monetary policy unchanged, and that was one key factor influencing their decision. chair yellen: brexit, the upcoming decision on whether to leave the european union is something we discussed, and it is one of the factors. >> britain has been a key member of the eu for the last four decades. i believe there have been rejected him at the benefits for all of this time. the bank of japan coordinates closely with central banks in the world including the bank of england. draghi: we understood the relevance in the market, etc., but at the end of the day, i think every central bank has to analyze it situation and fulfill its own mandate. it is all moving around

the world, following central-bank comments, particular those made by fed chair janet yellen p i want to reiterate the 10-year yield is now at 1.521%. joining us now is danielle dimartino booth. to i for joining us. -- thank you for joining us. janet yellen concentrate on risks to the downside. is that what this 10-year yield is reflecting, or is it something else? centralrtino booth: banks around the world are in a tight spot because they are coming aware of how much they're going to be affected by this vote and how close this vote is, which we did not anticipate prior to what happened in orlando. orlando tragedy, we saw the odds of a brexit increase appreciably, and i think that was a game changer for the fed. vonnie: would you not think

there is a correlation? ms. dimartino booth: i am saying the fear factor in britain went up appreciably after what happened in orlando. you could see it in the polls. so the neutral rate for the fed now is what? ms. dimartino booth: we still think it was 4.5, and then it came down to 3, and then it came down to what she has said in the past, 2. it continues to come down. what we see in the 10-year this morning is the pool from other sovereigns as they go deeper and deeper into negative territory. yellenanielle, janet citing the upcoming u.k. referendum is a factor in the delay. what happens if the u.k. does vote to leave the eu -- does that make a july move much more -- much less likely, excuse me? ms. dimartino booth: i think we have seen the july move move down appreciably since the payroll report came out, and i

think july would be off the table if they were to vote to leave. absolutely. mark: and when it comes to july, i have a world interest rate probability function in front of me. this is the probability for a july u.k. rate cut, not a hike, it cut. you will see the probability has been rising from 17% to 26%, but the boe saying it has a difficult trade-off between battling inflation if brexit occurs, and of course, propping up inflation and employment. do you think it cut is more likely than a rate hike? thedimartino booth: i think fed is going to be a cut. people's memories are very short. it wasn't days ago, literally, that there was so much hawkish fed speak hitting the newswires. i think they have begun to recognize they are behind the

curve and they might be one and done with last september's rate hike. bank of england might be the first to cut, and the fed might follow them. vonnie: what would that mean to the likes of japan -- the bank of japan, then? ms. dimartino booth: we heard this morning how difficult and tenuous the position is because there will be more flight into yen, and that is the last thing they need at this point. vonnie: danielle -- danielle dimartino booth, t y. coming up on bloomberg markets, russia's deputy prime minister joins us from the st. petersburg are national form. he will talk oil, assets, and maybe even a little football, although that could be a sore point. ♪

mark:mark: i just want to reiterate the news i told you about earlier, joe cox, the labor and p, has been shot. that has been concerned. now both campaigns have suspended their campaigns for today. that is the latest on it. we had heard initially some the ur campaign -- they were suspending campaigns. now we know both campaigns have suspended campaigning for today after we heard that the labor mp was shot and stabbed. we will bring you more details as we get it. let's get you to russia for the st. petersburg international forum is underway. ryan chilcote is there standing by with the russian deputy prime minister.

ryan, take it away. by arkady i am joined dvorkovich. we'll talk about the referendum in the u.k. on the 23. that is where i would like to kick it off with you. i had the opportunity to speak ncker, and his ju message to u.k. brokers is don't do it -- don't ask of the european union. we know where he stands. where does russia stand -- does russia care whether britain since the eu or not? mr. dvorkovich: russia cares about your. good partners are usually not week partners. we need your to stay strong. it depends. if europe is not going to become weaker because of the brexit, we are ok with that. but if europe is going to become weaker, you will have problems in terms of the economy, so we

are in a development cents. we are not in favor of that. reiterate that this is the right of the people that live in the u.k., and nobody should convince them. ryan: you will be aware that a lot of people in europe and britain believe that russia would be delighted if the u.k. were to exit the european union because maybe russia wanting weaker europe. that might make it easier to end the sanctions. is that not true? mr. dvorkovich: that is not true. that is not true. truly is only in really strong -- true belief is only in strong countries and unions that can support stability around the world. ryan: you, as the biggest trading partner -- i know president clinton and president juncker were able to that

president -- president putin and juncker were able to meet. mr. dvorkovich: our economy is stable already. we believe that sanctions are counterproductive for everyone, not for us, but for europe as well, the net estate, and other countries. the sooner sections will be revoked, the better the world is going to be. ryan: we're for the central banks say -- the russian central get to positive growth by the end of the year, you're looking at 1.5% next year. my question for you is can russia get beyond 2% as long as those sanctions are in place, or is that is good as it gets? mr. dvorkovich: most of the sanctions,nds not on oil prices, but our own ability to promote growth, structural reforms, better business

environs, better science and education -- things like that. sections only have a minor affect on that. oil prices have a temporary effect, not a long-term effect. achieve 3% to to 4% growth in the medium-term perspective. ryan: even with sanctions. mr. dvorkovich: even with sanctions. ryan: we heard nicolas sarkozy say russia should come as a gesture to get beyond sanctions, break the impasse, perhaps drop counter sanctions. russia has been eu imports, particularly in the food sector, as a way to begin the saw with the european union -- thaw with a european union. is that something russia would entertain? mr. dvorkovich: we're not in the entertainment business, or the charity business. charity is important, but not in this case. ryan: he is not talking about

charity -- -- it isovich: it is not about gestures. they revoke the embargo, they're going to compensate for still that finance conditions -- bad finance conditions. we have budget constraints. we need to keep the policy in place until sanctions -- ryan: and it is working, you think? mr. dvorkovich: we believe, yes, it is growing in a sustainable manner -- over the last three years. we became the largest grain exporter in the world this agricultural year. it is very important for us to invest back in russia and we continue to increase our food production.

it is working. ryan: you and i have been coming to this investment forum for the better part of a decade. what is your sense of investor appetite amongst foreigners -- is it improving? to dvorkovich: i talked investors in the first few hours. there is interest. most important, everyone is in the process of investing more money into the russian economy, and the process so far is creating new industrial facilities, new r&d projects, and creating even new research labs in russia with russian universities. everyone -- there is no single exception among those companies. those companies are from the net is dates, europe, china, japan, and other countries. it will believe better to do things without

sanctions, confrontations, but they continue doing business in russia and with russia on the basis of long-term business. ryan: talk about your privatization program. one of the companies on the block is the world's largest diamond producer. is it possible we could see a roeser, or a l strategic sale as soon as this month? mr. dvorkovich: we have a number of companies preparing for stak es. they are among those. [indiscernible] a couple of others are also on the list. theng still depends on markets and respective companies. i cannot tell you the exact date. ryan: since we are in june, you are and the process of preparing the prospectus for the

shareholder, or not necessarily? mr. dvorkovich: in some cases there are still findings in the transactions. whether we're going to have strategic investments. in this case, it is not clear. it is based on thorough market research. companies youhe mention -- the world's largest public we traded oil producer -- you want to sell a stake in it. one official said maybe we could sell a strategic stake to the chinese -- the chinese, the indians, maybe they are just that. mr. dvorkovich: for the italians? ryan: is that in the cards -- are the italians interested? mr. dvorkovich: we are on the process -- in the process of discussing that with strategic partners. we'll see if there is interest. you cannot exclude any possibility. we are very good relations with chinese partners, indian partners. we'll have a real negotiation process. that one thing we know is

bp is not going to increase its stake. they are at 20%. they are happy. is a share sale also possible -- mr. dvorkovich: all options are on the table. ryan: all options are on the table. finally, the last question -- dividends. one of the things investors love the what the government had to say, you want the state company's pay up 50% of their profits and dividends, and then they have watched as a bunch of copies have gotten exceptions. we will get into the details for various reasons, but are you were there is a credibility process with a lot of copies this companies escaping quite -- companies escaping? mr. dvorkovich: specific individual decisions are impossible since the world is more complicated. djokovic, keyword for your time. accardi jorgen, t y -- thank

you for your time. ox is ink. lawmaker jo c critical condition after being attacked while meeting constituents. campaigning has been suspended in the eu membership referendum on the news of the attack that happened just after 1:00 p.m. the press association reporting cox was shot twice. eyewitnesses described him having a homemade gun. labor party leader jeremy corbyn says in a post on twitter that he was utterly shocked by the attack on cox. ♪

?c+sv live from bloomberg world headquarters in new york day here ina lovely new york city, as you can see. i am vonnie quinn. mark: i am mark barton.

let's check in with bloomberg first word today. and much andrea has more from our london newsroom. mma: we start with breaking news -- british lawmaker jo cox is in critical condition. police say a 52-year-old man was arrested after the incident. police and other men also suffered slight injuries. police label the incident as serious. witnesses say she got involved in a scuffle between two men, and a gun went off twice. campaigning has been suspended for the day after the attack. with just a week to go before britain votes whether to leave the european union, a new poll shows the leave campaign continues to lead. a phone poll shows 53% support leaving the eu with 47% wanted to stay. bank of england governor mark

carney has hit back at critics who say he is improperly returning to the eu. he says he has a duty to report the bank's position to the public. germany, france, and spain are among the countries involved to the in -- in the talks. there has been disagreement over the transaction tax. overall onesis, third of those backing hillary clinton say she should pick elizabeth warren as her running mate. of and is backed by 35% supporters, followed by senator cory booker, and housing and urban development secretary julian castro. for pelicans, almost one-third say former house speaker newt gingrich should be donald trump's run mate. senator marco rubio should be the second was.

anlary clinton has picked up endorsement from oprah winfrey. she calls the election a seminal moment for women. vonnie: global news, 24 hours a 2400 journalists in more than 150 news bureaus around the world. t why. we have to mention the game is 1-1 between england and wales. felt that fellds to record lows, fueled by janet yellen's, said interest rates could remain at lower levels. here to break it all down is lisa abramowicz. lisa, just as you are probably getting ready to come on, we saw the 10 year yield in the u.s. plunge. since 2012, and

the 30-year the lowest in 16 months, and it still looks like a pretty good place to be compared what we are seeing in switzerland in switzerland and japan. here we are looking at the 10-year yield. let's get this clear -- the 10-year note in germany is -.03%. in japan, it is negative .2%. you are basically losing .2% on .onday to japan for 10 years cox -- vonnie: let's listen to the swiss national bank president thomas jordan. it jordan: we said clearly is possible to lower rates. of course it is not possible to

go anywhere, but we are at the moment possible to lower rates. how much lower -- vonnie: how much lower -- is there a limit? mark: i don't know. he does not know --lisa: i don't know. he does not know. the past of least resistance is more -- what do they have to show for it. what other argument is that? i don't understand i am looking -- as i look at the volume that is turning negative, and i'm not sure what the purpose would be. maybe what lisa said, mark, that we have not had a recession in the u.s. yet. mark: it begs the question, doesn't it, how do some thanks deal with the next crisis, with rates already negative in many countries, lisa, and bond

yields. his bill gross right. is it ready to explode? what theo not know catalyst would be for a supernova, necessarily -- and it is about my pay grade to predict supernova. i think to your point about where is the ammunition, should -- with another crisis that said, the bank of japan did not take action overnight, possibly to have something left if the u.k. does decide to exit the european union. amazing, but to suggest they believe they do have ammunition by adding some kind of extra bond purchases, or etf purchases, or lowering the rates further into negative territory, but it raises the question, first of all, are these moves even effective at this point? second of all, clearly we are going to probably see a

recession in the next quattro years. mark: lisa, they are not being effective in their aim of boosting inflation. inflation in the eurozone today confirmed. it has been below 04 quattro months. how much per month is the ecb pumping into the market question mark inflation in the u.k. is at .3%. --market? inflation in the u.k. is at .3%. it does not seem to be getting inflation closer to target, does it? lisa: no. somebody asked me this morning -- one of my colleagues said to me why wouldn't people rent -- lend to riskier countries -- companies? why is risk so high on high-yield debt that still has positive yield of 6% in the u.s. question why not -- why are people so resistant -- u.s.? why not?

why are people so resistant? it is interesting. you are seeing a bifurcation between debt that is considered safe and people -- that that is seen as risky. people do not have faith, certainly in the u.s., the way they did two years ago. we see more restructuring, but some of these companies should come out on the other end and be ok. this way, the biggest high-you'll etf has seen almost $2 billion of withdrawals. there is a concern about global growth, that central banks have run out of ammunition. janet yellen said something very interesting yesterday in her press covers. when asked about helicopter money, -- press conference. when asked about helicopter money, she said she could see how the fed could work in tandem with policymakers to come up with some kind of stimulus. she really put the onus on congress to come up with something they would then finance. she is very aware of the scrutiny the fed is under, aware

of the criticism, and doesn't really want to go that by engaging in some kind of unilateral helicopter program. mark: does that mean -- just before i ask my question -- i love this chart. i know you know it. the collision course chart. the yield on the u.s. three-month bill is .25%. the spread, lisa, is 25 basis point. quattro years ago, it was two percentage points. it -- is this insane? lisa: yes. [laughter] debt is stillate getting a 5%, 6% yield, and there is no shortage of issuance -- what, $1 trillion outstanding now? lisa: there is a shortage with respect to high-yield corporate debt. there has been an increase frequently -- recently, but earlier in the year the spigots were shot. people -- shut.

people are doing more scrutiny. they are looking security by security. investment grade is another story. there is demand for investment-great because of what has happened in europe with their bond purchasing program where they are buying corporate bonds. i was looking at the data. you see a growing volume of corporate bonds with 0% coupons. definitely inching times. vonnie: lisa abramowicz. check out her columns on gadfly. mark: coming up, how would a bright is it impact the u.k. tech scene? we will explore that next. ♪

mark: just getting some further breaking news on this developing story surrounding the u.k. labour party member jo cox, who is in critical condition in hospital today after being attacked while meeting constituents in her electoral district in west yorkshire. we have just heard from prime minister david cameron who today is in gibraltar, and he has tweeted out this message -- it is right that all campaigning has been stopped after the attempt attack on --after the terrible attack on jo cox. i will not go ahead with tonight's rally. just to reiterate, campaigning has been suspended after news of the attack, just before 1:00 p.m. the press association reported cox was shot twice.

eyewitnesses speaking to the bbc described him having a homemade guns. we will monitor these stories and tell you the latest irrelevance. let's reiterate what is happening to global markets, specifically european equity markets. stocks are falling for the 60 day in seven. -- sixth day in seven. we had some respite, but concerns about economic growth weighing on sentiment. look at the main industry groups . all 19 are trading lower. we have a number of banks hitting record lows today, such as deutsche bank and credit suisse. in the bond and currency markets we have yields in the u.k. continuing to hit new record lows. the german 10-year yield is following -- falling for the below negative, and the pound is inching against the dollar. the euro is lower against the franc after the swiss national

bank decided it would sit on its hands after the u.k. referendum. it is going to let powder dry. in the eventuality of a brexit vote -- let's get back to the united states. what is going on there? vonnie: we want to get straight down to abigail doodle -- abigail doolittle at the nasdaq. abigail: we are looking at a little bit of a selloff. the index down 1.1%, at session lows, and it is a broad-based rally. the index is spiritually below its 200-day moving average, suggesting selling could continue. the biggest drags include the tech names -- apple, alphabet, facebook. amazon -- there are bullish comments from pacific crest, but it is not helping the stock. investors are in a bearish mood right now. trading down sharply, down 4%, american airlines down today,

and a downgrade at bank of america merrill lynch with analyst andrew's adored citing high leverage earnings as reason to cut his rate to an underperform. he sees more than a 10% share -- price. there is a reason to believe his price target of $27 may be achieved. there was long range uncertainty between buyers and sellers, but more recently this year we saw the sellers roque the buyers, broke the uptrend of buying support, and suggests the selling could continue. that is what is happening at the nasdaq. mark: abigail, to our. 3:45 p.m. in london. 10:45 a.m. in new york. technology nation's industry fear a brexit could have an impact.

phil cox joins us. he worked for joining us. you have 1200 climates. what are they telling you about the referendum and potential impacts? of cox: we have run a number surveys, and we are seeing an 80/20 split in favor of remaining in the eu. mark: is the likelihood or possibility of a brexit going to be devastating to the u.k. technology industry? think businesses are generally concerned about the markets in which they sell. if you are an e-commerce company, you would be concerned about tariffs and trade zones, and so on, and also, of course, access to talent, and if at doma you are looking for software engineers and you are based in east london building your business, and you have the eu market to look for those skills, that can change. mark: not enough skills in the

u.k. space? mr. cox: i would imagine rebalancing overtime, and so on, but certainly some concerns because a lot of the technology businesses already are made up of a high percentage of non-british employees, so there would be some uncertainty over that for sure. vonnie: what about funding -- will it impact venture capital's decision to put money in the u k, from silicon valley, or elsewhere? --elsewhere : there is been a slowdown generally. one would imagine that if we were to leave the eu, we would see businesses more focused on considering other european locations for some or all of their business. u.k.-basedare a

technology company, looking to grow and add people, then you may, if you have not already, look at a second site that may become your primary site. in places like berlin, and so on, they certainly active technology zones themselves. vonnie: you have $44 billion in assets globally get the bank. -- at the bank. as a primarily invested in the u.k.? mr. cox: that is the center of the organization, really, california, and spread across major cities in the u.s., and increasingly we have been expanding the business in global markets where you see the ingredients of an innovation ecosystem. we are here in the u.k.. we of activities in dublin, looking at germany. we are in israel. a number of places in asia as well. mark: will you stop looking at the u.k. if brexit happens? mr. cox: one of the

uncertainties is the banking and financial service of industry around past porting of licenses and so on. that was the one concern, but we have a certain structure, which means we wouldn't actually be impacted in the short-term from any change. themesne of the big taking place in the global technology sphere, valuations, are they stretched, and why are we seeing more unicorns progress to ipo's -- aren't we seeing more unicorns progress to ipo's? mr. cox: there is been a slowdown, particularly in the u.s., and we have seen stretched valuations more there than we have here in europe, and that means the impact of any adjustment would be more felt in the u.s. than it would be here in europe. we are certainly seeing some great companies being formed, and i think companies and investors are prepared to keep those companies private for

longer because they are looking at, you know, the right timing to take these companies to markets, and there is a healthy private equity activity level across europe for software companies and so on as an alternative to an ipo. what are your friends in germany and france saying -- would they be rolling their hands in glee if the u.k. did leave? mr. cox: can you repeat that? vonnie: what are your clients -- in france, germany -- what side are they on -- it sounds like they would be happy if the u.k. left. mr. cox: i think the innovation center is somewhat unique. it is actually a small, global community of really specific investors, and the senior management of these companies are often repeat entrepreneurs. they see the world, you know, as a global innovation ecosystem,

and i think there is a lot of collaboration, partnership that goes on across borders and so on , and i think, you know, that is why there is a focus on any not welcomethat across the ecosystem. that is why there is a very strong feeling in favor of remaining. mark: if you heard some cheering behind phil, it was not the quality of the interview, which deserved cheering, but england scored. wales 2-1.ting ♪

vonnie: you are watching bloomberg markets. i am vonnie quinn in new york along with mark barton in london. sin city has a new life -- craft cocktails -- a new bar on the vegas strip is out to add

another kind of serious to the city. here is a look at how they are shaking things up. ♪ >> vegas -- it is the heart of the trekking establishment, where the top quattro nightclubs boast over three -- top four nightclubs those over $3 billion in revenue. they are looking to disrupted by serving craft cocktails to the masses. >> we believe good drinks can happen anywhere, even in vegas, even a place that is accustomed to crazy volume, bottle service, and that mixers. have growncktails and sky fall is banking on that phenomenon. devon: i feel we had a path that was clear when we came in, and we are pushing it further. >> sky fall is the latest bar for the guys behind the famous new york city speakeasy death and co.

this is the first time the team will take on sin city. devon: we push some of the ingredients on the menu, and much to our delight, people are cool with it. >> bottle service can account to up to 75% of sales for vegas nightclubs, but for sky fall, traditional service was falling short of standards. devon: bottle service is a great thing when you are in vegas, but the downside is you cannot not get to participate in a cocktail menu at the one we have here. what we have as an option is a specialty mixer for each spirit. devon: that -- >> that specialty service starts at $325. devon: the important thing to note is they are fresh, made to order by a bartender behind the bar, and it is a little more interesting than the typical off the gun kind of stuff. >> it is also challenging

traditional wine pairing, working with the restaurant next door to offer a cocktail pairing menu. >> we have a great cocktail menu here. we decided why not try to do something a little different? >> for $160, restaurant patrons five choices paired with sky fall creations. bruno: it is surprising, and more fun. vonnie: for more stories, go to pursuits on the bloomberg. mark: much more coming up on the european close. that is next. years -- u.s. stocks, as you say, trading lower. 30 minutes here from the close of the european session, our very own closes next. ♪ . .

hii'm here to tell homeowners that are sixty-two and older about a great way to live a better retirement... it's called a reverse mortgage. call right now to receive your free dvd and booklet with no obligation. it answers questions like... how a reverse mortgage works, how much you qualify for,

the ways to receive your money... and more. plus, when you call now, you'll get this magnifier with led light absolutely free! when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home and here's the best part... you still own your home. take control of your retirement today! vonnie: it's 11 a.m. in new york , four p.m. in london and 11 p.m. in hong kong. live from london,

you are watching the european close on bloomberg markets. vonnie: we are going to take you from new york to london to st. petersburg in the next hour. for central banks meeting today siding tod, all the keep from changes to monetary policy. will the safe approach work westmark investors are rushing into safe havens. gold is up to its highest level in nearly two years and the bond rally continues with yields around the world hitting fresh lows. and breaking news out of the united kingdom -- the labour is attacked cox while meeting constituents.