float from axa. when it comes to the fx markets, we saw the comey story having a bit of a negative impact on the dollar, that was treated as a risk-off event. euro/dollar is slightly higher to the tune of 108.85. the dollar/yen is back below the 114 handle. keep in mind that draghi is speeching before t speaking before the dutch parliament today. >>> dozens of conservative mps could befin finding out today whethif they will be charged with fraud relating to the 2017 aelection th election. the uk prime minister warned that only her party could negotiate a successful brexit. >> what we've seen from other parties is attempts to disrupt negotiating process, to undermine the task that lies ahead. we've seen some of them wanting to have second referendumens, wanting to open up the old dwigs. what divisions. what i see going around the country is people actually saying we want the government to get on with it. we want the government to deliver brexit and make a success of it. >>> opposition leader, jeremy c

joining us now from paris is laurent clavel, head at axa investment managers.e you are breathing a sigh of relief? yes we are. markets were very happy to see this result. that already was the feeling that polls had got the popular vote right, and they should be no surprise yesterday evening. the question now is about the parliamentary elections in june, question now is about the parliamentary elections injune, and how much power emmanuel macron‘s party will get. absolutely. france has a party will get. absolutely. france hasa semi— party will get. absolutely. france has a semi— presidential regime. the president alone cannot do that much. the goalfor president alone cannot do that much. the goal for emmanuel macron is to getan the goal for emmanuel macron is to get an outright majority in the lower house to pass his progress through parliament, or at least to have a relative majority, which means having more mps than other parties. the goals for the other parties, the right wing, for example, which was expected a year at lisa do better, is to lead a coalition a

axa taking their u.s. business into initial public offering.vings brands united states of american. they are going to ipo a portion of their u.s. business. we believe the current environment is supportive. the ceo saying the operation -- by doing this it would give them financial flexibility. those are the lines coming through from axa and they hope it to do -- to do it in the first half of the year. matt, you have the comey impact. matt: obviously a top story for us. donald trump firing fbi director james comey amid the agency's investigation into russian interference and last year's election. the president saying the bureau needs new leadership to restore public trust and confidence. let's see how the markets you this. we see futures down, although just a tick down. nowu.s. 10 year yield right is down a little bit as well. investors buying into government debt. the perceived safety, and the dollar index moving down a tick. we will continue to follow all of the moves in these asset classes as this story develops in the u.s. market wakes up and

. >> my concern is the level of diversity we would have an the axa students would have two programs thate. >> there are school sites in 10 cities or towns. it is too big. >> after tonight, the committee has 120 days to make a recommendation to the state on whether to approve or deny the petition to break up the school district. >>> donations are pouring in. this shack was a parting gift from hannah who graduate. he planned and built it for the baseball field. it was destroyed by a fire. they said it was intentionally set.>> i heard it was kids that i hope they are cut soon. this is a terrible thing that does not just affect baseball but the entire community. >> the fire destroyed $10,000 worth of snacks, uniforms and equip. the suspects were captured on surveillance video and they will investigate until they are cut.>>> there is new optimism about caltrain getting faster and cleaner electric trains. the proposal, they will vote on it today, and it includes $100 million. if it is approved, that money will go towards electrifying the rails between san francisco and santos -- san jose. ther

vonnie: still ahead, the drama novell -- overr paint maker axa novell. details next.s is bloomberg. ♪ vonnie: live from bloomberg world headquarters in new york, i am vonnie quinn. mark: and i am mark barton with the european close eight minutes away. we like to be precise. the battle for control of akzonobel. -- ousted chairman over his refusal to negotiate with pbg. joining us now is benedikt kammel. this is a fascinating story. are they going to get their way? will the chairman end up being ousted? benedikt: it does not look that way. akzonobel came back and said we did not know what good it would do to oust the chairman. it shows that we are in a very difficult situation. elliott very unhappy with the company's refusal to engage. you will remember we had three attempts by ppg to get them at the negotiating table and so far, they have said we are not interested and that trying to go , we will see where it goes. not:'s elliott and ppg aware of the power of dutch company boards? they are probably now becoming aware of the limitations and the question is where does it

. >>> french insurer, axa planning to take its u.s. life insurance and asset management business public. metlife has been making similar move. >>> more on the top story coming up, the president firing fbi chief james comey. could the washington shakeup impact investor confidence? we'll debate that question. stay tuned. "worldwide exchange" will be right back. ght. she said the future freaks her out. how come no one likes me, jim? intel does! just think of everything intel's doing right now with artificial intelligence. and pretty soon ai is going to help executives like her see trends to stay ahead of her competition. no more sleepless nights. - we're going to be friends! - i'm sorry about this. don't be embarrassed of me, jim. i'm getting excited about this! we know the future. we're going to be friends! because we're building it. >>> president trump abruptly fired fbi director james comey. joining us is robert armstrong out of london. thanks for joining us. this news comes at a time when it seems as if global investors thought we had

analysts on the board pressed the chairman of axa on why exactly they decided to make such a subtle changend his response was "you should have no concern in terms of anything that was not apparent in the figures. the direction we want to take is fully in line with what's been achieved in the past in terms of diversification of the expertise toward new asset classes." the firm reported first quarter earnings last week that showed declining net revenue but assets totalled almost $500 billion. guys? >> all right. thank you. and elon musk speaking at the conference in vancouver over the weekend giving a sneak peek into his plans for a tesla truck. listen. >> so this is a heavy duty long range semitruck. highest weight capability and with long range so it's meant to alleviate the heavy duty trucking world. with the tesla semi we want to show an electric truck can out torque any diesel semi. this will be a very spry truck. you could drive this around like a sports car. >> of course just because you can doesn't mean you should. musk also told the audience tesla is going to deliver an autonomous d

axa said it was time to put new leadership in place. and that is your business flash update.ck to the annual milken, institute global conference in beverly hills, california earlier today the bloomberg editor-in-chief spoke with u.s. treasury secretary steve mnuchin. they discussed how the trump administration plans to support long-term infrastructure investment. mnuchin: we are studying ultra long bond strength that is something we are considering at treasury with a working group, looking at it. we think it is something that make sense for us at treasury. on the infrastructure side, the president is determined we make a major investment. they are a huge part of the infrastructure that needs to be rebuilt, and we will do that in different ways through public-private partnerships and different financing so we don't believe in the budget by $1 trillion. fundamentallyk governments look at infrastructure in the wrong way, at the moment everything gets checked into general accounts? if you are running a company, if you put into long-term investment, that would be counted different

among them were samurai swords, axa ‘s and airguns. —— axes. them were samurai swords, axa ‘s and airny of the children were below the age of ten, and won five—year—old was caught with a knife. just ones dab wound that went straight in his heart. -- sta b that went straight in his heart. -- stab wound. the national police council said the increase in young people carrying weapons was worrying. it said it wanted to educate people that carrying a weapon illegally is never acceptable. after 6:30 we'll be discussing this with anti—violence campaigner barry mizen, whose teenage sonjimmy was killed in 2008. the labour leader, jeremy corbyn, will this morning give a speech on foreign affairs and insist he isn't a pacifist and he's prepared to use military force as a last resort. the prime minister will make her own pitch to traditional labour voters in the north—east of england. she'll accuse mr corbyn of deserting "patriotic working class people." 0ur political correspondent, eleanor garnier, is in westminster for us. eleanor, both leaders are addressing perceived weaknesses in theircampaig

axa have to rationize the business and create capital. >> i'm pretty excited about manger. >> everybodyhe coin offerings are getting more and more attention smr it's almost like a kick-starter, using bitcoin and when you contribute the bitcoin, that also is used as kind of the raw material that you are backing if i understand it correctly. >> you are ahead of me. >> it seems as if it's all a little bit too much like let's lean against each opts and pretend this is real money. but it's interesting people are open to it. >> they are looking at capital out of chain and the issues if we cover those as much as ipos. >> they're not going to ring the bell go that does it for "closing bell" today. "fast money" start right now. >> i'm melissa lee the traders are pete najerian, karen finerman and guy adami. tonight, the trump masters are hard at work. he'll explain why he is calling for stocks to hit new high, plus another day, another airline brawl. get this, airline customer satisfaction is at an all time high. so what does that mean for the stocks? we'll explain. later one under the radar reta