francine: thank you so much, stuart richardson. we will be talking about some of the market volatility next. stay with "the pulse." plenty coming up. donald trump backs briggs it calls-- brexit while abe for britain to stay in the european union. plus, north korea calls a congress. we are live in pyongyang. then, turkey's turmoil. what does political upheaval in turkey mean for europe's deal over the migrant crisis? we will bring you the very latest. ♪ francine: welcome back. let's get the bloomberg business flash with nejra cehic. monte de paschi are higher after posting first-quarter profits that beat analyst estimates. bad loan provisions looking for a buyer to shore up its finances fell. what income fell to 92.3 million euros. that compares with the 23.4 million euro average estimate. arcelor mittal first-quarter profit dropped 33% as the world's biggest steelmaker contended with slumping prices and a decline in iron ore. the company has maintained its full-year earnings target. arcelor mittal shares are lower this morning. sha

let's get more with stuart richardson. a little bits crazy.we're saying, and less -- a fountain you can look at the bloomberg terminal, that's at 50. surely, it would be the other way around. >> this is a crazy world we live in. trying to take the market price into account of every single juncture. we have a lot of sympathy with the debithas been on side of the fence eventually for the last two years now. we're trying to work out what the current dynamic of the fed is. we have seen regional governors become more hawkish. they are talking about two or even three rate rises. if it's three, they have got to move in june. francine: you either, this we also had similar with a dot plots, which is why some investors said ditch the dolt plot. markets only believe janet yellen. keyast week was quite a week in terms of -- the market woke up to a couple of regional governors talking hawkishly. yet, when you look at the interest rate market, the euro -dollar curve, it is not quite there. they are looking at yellen. we need your guidance and janet yellen s