. >> we have an exclusive interview with dennis lockhart coming up. we'll talk to him whether a rate hike is in the cards. >> stay tuned for the news. earnings, wynn resorts, squared, yelp. we'll tell you what to expect from those very volatile stocks. >> rob reiner, actor and filmmaker. >> he's here with a film written by his son about his own addictions. sending crude prices higher maybe. deird deirdra bosa is with us. >> we had to move as we were leaving a wall of smoke was closing in on our location. we had to move quickly. we snapped a photo that i believe we can show you. it looked like this big plume of smoke. over the last few hours we were camped out near the highway. we saw a long line of emergency vehicles headed into the blaze. it isn't threatening oil sands operation but production is being impacted. reuters have calculated that at least 140,000 barrels per day in capacity is now offline which isn't huge in the grand scheme of things but a lot of that oil goes the u.s. an alberta official says they're conducting basic wildfire training. f

atlanta chief dennis lockhart said a june move is a real option.he markets have already priced in a 12% chance of a hike. let's bring back in bill bla in. williams is incredibly close to yellen and he is talking about june being life. bill: there does not seem to be any key driver that would say it would have to happen then. we do have an interesting situation. the global economy is beginning to look better. you are seeing things better in the oil prices and emerging markets. weak andhe dollar is nobody expects a hike. this morning, the dollar started tick upwards,s -- just reminding everyone that the bogeyman is out there somewhere. as soon as we get a stronger dollar, you will see a reversal. this is the peculiar dollar seesaw that we are on right now. a stronger dollar, the global economy goes up. a weaker dollar and everything starts to recover. they have got to find a way of keeping the dollar stable. not too low, because that causes all kinds of problems that we are seeing in japan right now. guy: are you ready for a june hike? bill: that is

i'm 100% in full support for what she is doing. >> and just real quick, dennis lockhart also acknowledged that there is some economic uncertainty surrounding the brexit. maybe people could put off purchases and the potential of uncertainty surrounding the u.s. trade and what that would mean for companies in the wake of the election. melissa? >> steve, it's guy. how you doing? do they ever talk about their concerns or fears or curiosity about the flattening yield curve and the fact that ten-year remains stubbornly low? does that give them any pause at all? >> well, we talked about a slightly different but related issue, guy, and that's whether or not -- why the market is forecasting such low interest rates compared to the federal reserve. and, you know, i asked john williams that question. he was, you know, as a fed official, i forecast where i think the best place for rates to be are, where they can be, the best outcome. if i'm in the market, i'm forecasting all kinds of stuff, including negative outcomes. he doesn't think the market has it crazy wrong in terms of the outlook for interest

dennis lockhart says financial markets may be underestimating the prob tilt of a central bank rate hike next month. the odds were halved when the fed signaled little urgency to teigen. >>> americans' appetite to cars and trucks remains strong, healthy sales for the month of april. as had been the case pickups and suvs are the models most in demand. phil lebeau explains why auto purchasers are back on track. >> reporter: as the weather warms so have auto sales. with three of the country's four largest automakers reporting a slight pickup in sales. speaking of pickups, sales of the chevy silverado and ford f-150 remain red hot as do sales of suvs which are benefitting from relatively low gas prices and americans continuing to pass up buying a car in favor of a bigger crossover or suv which offers more space and utility. while automakers offered greater incentives to entice buyers last month the deals were offset by consumers paying more. true car says the average vehicle now sells for more than $33,000. with the sales pace for april topping 17 million vehicles the industry remains on pace

reporter: atlanta fed president dennis lockhart called a june rate increase a real option that helpstall the dollar's slide from a one-year low. this year that rises are still possible after the fed kept policy on hold last month. alberta has been forced to carry out the biggest ever evacuation as wildfires threaten the community at the heart of the country's main oil region. 21,000 people were moved from fort mcmurray. although operations themselves have not been affected. the main road to the town has been cut by the blaze, and authorities described the flames as aggressive. the global internet -- the global inquiry into malaysia's investment fund has reached hong kong. of severals unidentified people have been frozen and are being investigated by countries outside malaysia, including singapore. 1mdb is at the center of multiple inquiries of money laundering and embezzlement. the company has consistently denied any wrongdoing. strong sales in china and the u.s. are expected to make headlines. adidas is announcing earnings per share 32% higher than the consensus. however, the origin

also making headlines, atlanta fed president dennis lockhart said the fed's vote could loom large.hey vote on may 14th and 15th. >>> indeed. let's get to early trading action in europe. louisa bojesen joins us with an update from london. >> hi, guys. get up, get up. the day is under way in europe. we're opened flattish to lower. red for most of the european equity markets. ftse off by 0.5%. the dax following suit. a lot of focus on miners because of weaker data coming out of china. and a different story as well now hit by a $43.5 billion lawsuit. you've got the prosecutors in brazil that have filed a claim against the iron miners and the owners with damages over a deadly collapse of a dam last november. that's just weighing, in addition to the general environment on the likes of bhp billiton down. and after hitting $22 million, higher than expected, they've had cost cutting, the danish shipping giant they've kept the outlook unchanged. they had warned us. societe generale, the french bank, soared up almost 4%. they announced cost cutting. some of the stories that we're watching her

coming through overnight, the federal rate hike is back on the table from the last said president, dennis lockhart said june to be a real option. that would help stall the dollar's slide from a one-year low. --khart said to rate prices hikes are possible. wheels are heard from the san francisco pride president about june as well. >> we are never supposed to talk about what is going to happen at foc meetings, or what my colleagues will say, then we get a lot of data and more discussions. but yes, it would be appropriate given all of the things we have talked about to go on that next step. a lot can happen between now in the middle of june. yvonne: and forget passwords, city to be the first bank in asia to have voice recognition for retail customers. this is a part to upgrade internet banking across the region. takes all of -- citi's place outside the branch network. one million users within a year, new technology will be rolled out in singapore followed by australia, hong kong, india, and taiwan. that will help the service division to cut the average plan to validate identity over the phone to just

. >>> dennis lockhart said britain's referendum whether or not to, quote, leave the eu, looms large.xit could be a source of heightened uncertainty. he added that he's worried that disappointing first quarter gdp growth could turn out to be persistent. lindsey thank you for your time this morning. do you think that the first quarter weakness we're seeing state side is persistent? do you think it's going to push into the first and second quarters as well? >> that really is the concern. when we look at the first quarter growth report it's incredibly disappointing the weakest that we've seen in two years. and this is a longstanding trend of declining moment it up. the third consecutive quarter of waning momentum since last year. the report of the first quarter is really widespread weakness. so the fed officials remain optimistic that the prospects for the economy will improve near term. but looking at that report, the catalyst remains uncertain. you have these concerns that earlier weakness could persist into the second quarter or beyond. >> lindsey, do you think that the dollar weaknes

and coming up, we have two fed presidents, john williams from the san francisco fed, and dennis lockhartident. and back to you, carl, from beautiful stanford, california. >> hopefully they are going to be moving the needle more than bullard did. thank you, steve liesman. and more earnings on godaddy. double your money back guarantee. always discreet is for bladder leaks and it's drier than poise. try it. we're so confident you'll love it, we'll give you double your money back if you don't. incredible bladder protection. double your money back guarantee. that's always discreet. >>> we are posting web posting small business company godaddy is topping the earning estimates with 15% rise in revenues. what can we expect going forward, blake irving is the ceo of godaddy and he is joining us now. good to see you, blake. >> thank you, jon. >> and lots of interesting details in report including the expansion of revenue per user, and you talked about on the call the role that office 365 plays in the role of productivity and tell me hoy that is playing out, and where is that demand coming from ver

all of that talk about the prospect of rate hikes coming from dennis lockhart.las robert kaplan of thing we could see this sooner than expected. this is driving the dollar higher. this is the world currency ranker on bloomberg. every single currency is lower than the u.s. dollar. there is still somewhat speculation about the future of south africa. the aussi dollar and the yen lead us lower as well. let's get into the equity markets, though. let's look at what is happening when it comes to your earnings. hong kong, hurt burberry. adjusted profit was down by 10 percentage points. they warned us this year they were going to look that much prettier, and it is down 1.9%. they are handing cashback to the investor base with a buyback of 150 million pounds, and 100 million pounds per year to be saved. but still, they are not buying the turnaround and the exposure to china that this company has. they have one foot in hong kong, as the chinese traveler dials back. this is a german robotics company. they want to up their stake to 30% and by so doing, they value the compan

then at 11:30 p.m., dennis lockhart talks monetary policy and gives his economic alice he of world affairs council in jacksonville. and hillary clinton a donald trump aim to extend their leads in the race to the white house is indiana holds them a chronic and republican presidential primaries. if you're watching and frank for, let's get the bloomberg business flash here is reshot. rishaad: despite bad loan felles, shri tech's profit ahead of the average estimates by quite a substantial margin. charges for bad loans are doubling to just about $1.1 billion. first-quarter profit there felt 64% which missed analyst estimates as divisions reported a drop in earnings. billion a year ago. that fell shy of the 735 million frank average estimate. the bank says it has heightened economic and geopolitical uncertainty as well as global market volatility led to a more marked and pronounced client risk aversion. bank posting it surprise increase in first-quarter profit decline divisions. net income only at 10%, 1.8 billion euros. getting a boost from a 365 million euro accounting game which is tied to t

ina: the interesting thing see, dennis lockhart of the fed, saying how the brexit vote will go. definitely on my radar screen. event went on to say we have to take it into account for the global context raising interesting ideas about the fed in june. we have a host of global organizations talking about this being a real factor to them, some in that could cause volatility in june markets. eue: indeed, this is about coherence. there would be some sort of economic impact on the euro zone economy, too. but if we look to the politics in the eu, for instance we see hungary becoming more nationalistic. poland becoming more nationalistic, too. and it is possible if there were a brexit it could factor into the coherence of the eu. despite what global volatility and u.s. politicians are more globally wary about, as opposed to its own. manus: we have written quite a bit about it. each time you come in, we look at central europe, to try to identify where the other major brexit concerns are. has your concern shifted? we had this headline on the bloomberg, polish just a memory. do you think

dennis lockhart reminded investors that june federal reserve meeting is a live meeting.s do not appear to be buying it today. take a look here. this specifically is looking for the probability of a rate increase at the june meeting. we are only looking at 10% probability. been going steadily downward and that did not change much today. you are seeing a decline in yields. yield on the 10 year today. atx: we had a weaker you key -- u.k. pmi all of that on global assets. >> yes, global assets in stocks as well. that is really affecting the u.s. in today'session. up very slightly off the lows of the day. volume is heavy today. expecting large-cap stocks across different industries. from financials that have been mostly moving higher when we see yield going up. the fact they are going down today is putting pressure on ,ompanies like bank of america jpmorgan, exxon mobil, microsoft participating in a selloff we had -- we are seeing in technology. the declinesnt out in automakers, which came out with the u.s. monthly auto sales numbers today. general motors sales falling more t

we also had the same, yesterday from dennis lockhart of the it led to fed -- the atlanta fed.uld, obviously, they try to prepare the markets for at least a realistic range of possibilities. the problem is at the moment fed funds futures are pricing in only a 12% chance of a fed move. andlockhart and williams other fed officials i have been speaking to say that is way too low. have two fedou official saying markets, you are mispricing it. although, john williams then said a lot can happen in the next months and a half. is the market mispricing? should rethink think more about june as a possibility? remember there is brexit. we are not over concerns on china. isffrey: i think 12%, adequate right now. they will never rule anything out. draghi will say we will never pre-commit. prepare for a range of possibilities and anything can happen. you cannot pinpoint. sometimes you can just say -- right now i do not think it is a live meeting. tom: y2k. michael mckee, you have got to be kidding me. they are going to raise rates 8 days before brexit. mike: the polls suggest the brits are ab

. >> we have an exclusive interview with dennis lockhart coming up. whether a rate hike is in the cards. >> stay tuned for the news. earnings, wynn resorts,

and then san francisco fed president john williams, atlanta fed president dennis lockhart and dallasare speaking today. >> markets on the move this morning, let's talk about it with stocks around the globe trending higher but a lot more volatility may be on the horizon as the coming presidential election hits the market. joe, i know you don't read the column. becky usually does. >> i like it. >> topic of today's column in "the new york times." thank you, guys, for putting it up on the screen there. election years are steeped in markets' least favorite thing. since 1928 in the eighth year of a presidential term the stock market has been down 2.8%. however, every other year has been positive. so what does that say about an incumbent leaving? steve rece is here, global head of jpmorgjpmorgan's private ban. you look at the end of this year, from here to the end, what do you see? >> well, we're preparing and see a nice upside if you take a longer term view. i think earnings, we probably saw the worst in the first quarter but there is expectations that things will pick up by q3 and q4, oil

i had a chance yesterday to talk to atlanta fed president dennis lockhart about what he is looking forthe jobs number. >> 200,000 is a good, round number. i'm not going to panic if we're below that. i would be pleased if we are above that tomorrow. and any number that comes in has to be taken apart and decomposed and looked at very carefully to see what the underlying story is. >> now lockhart said he was on the fence about raising rates in june. he wants to see the weak growth data come in line with the stronger jobs reports before hiking rates. on growth, i also spoke yesterday with san francisco fed president john williams, who says he is just not a believer in these weak gdp numbers. >> my colleagues at the san francisco fed think that the underlying growth is really around 2% in the first quarter. so we'll have to watch the data as we get the data for march, april and may going forward to see whether my forecasts for better growth in the second quarter comes true. i am not taking too much of a signal from the first quarter gdp. >> three things to look for. earnings up 0.3% last mo