dudley: well, we will see. my own view is that if you look at it historically, investment spending has not been that connected to the cost of capital. there is a positive effect on investment spending, but i expect it would be more modest than really large. so far we have not seen really any sign of acceleration, but it is early days. >> something that you did achieve in the past six years, especially the last four years, was the fed came closest to meeting this inflation target, 2%. i mean, people could say you have been smart, but if you go back all the way to arthur burns as chairman of the fed can which is going back a long way -- i think you are just beginning to think about being an economist at goldman sachs, and i was just beginning to write stories for " the wall street journal," so that was a long time ago -- what did the fed into the past four -- what did the fed do the past four years that made the difference? mr. dudley: i think what is important in terms of what the twofold.d is we were in a finan

reporter: so what did simon dudley do?e remained silent and let his fellow party members on the largely conservative council do the talking. phillip: councilor dudley is of good report. his intentions are clean and honest. this motion is nonsense. >> the results of the vote are 9 for, 43 against. reporter: in the end, dudley survived the no confidence vote by a large margin. he smiled, and said nothing. just a few kilometers away, stewart is preparing to spend his next night outdoors. he won't comment on the outcome of the vote. for him, what counts is that the police don't plan to remove the homeless. so, for now at least, he can stay here, at the foot of windsor castle. michelle: in parts of kosovo, in the heart of the balkans, time seems to have stood still. women here have practically little or no rights. domestic violence is rampant, and the justice system repeatedly turns a blind eye. many women, despite being victims themselves, end up paying the price. reporter: agime has been locked up in pristina's women's prison

what are we looking for here in dudley. what we looking for here in dudley.re looking for is some sign of how the british public feels about the state of politics, we are here in dudley in the cockpit of british politics because we have got two parties both of which is talking up up parties both of which is talking up up its prospects of taking control ofa up its prospects of taking control of a council that has been a measure of a council that has been a measure of public opinion between elections. ukip polled well here in the base, the last time, in 2014. four years ago ukip got a quarter of the vote and did very well round country, so that vote which has been disintegrating since the referendum is there to be harvested by the labour party. what will determine the result is how many of those votes the main parties can collect and how many of their own people they can get to vote. the big one in they can get to vote. the big one in the midland isn't until tomorrow, the midland isn't until tomorrow, the count in birmingham, what can we expect there, giving it

in dudley, it sounds like the tories have taken dudley, a marginal seat.

sima kotecha, bbc news, dudley.with the conservative performance overnight. they gained control of councils in peterborough, southend and basildon, but admitted more work had to be done. they lost their flagship council in the north—west, trafford. labour picked up most of their seats in the area, leaving the council with no party in overall control. that result means the tories no longer control any councils in the greater manchester area. our correspondentjudith moritz has been to trafford this morning. labour party, 2018 votes. cheering it's years since labour have had something to cheer about in trafford. the council's been in conservative hands since 200a. not any more. last night, red overtook blue here, leaving the authority in no overall control. we were a target for the labour party, it's the only conservative council surrounded by a number of labour councils in greater manchester and the north—west. and we've seen significant opposition activity. in the wards where we've seen them change this evening, ther

dudley, tell us about dudley, a hung council. a 35— all draw if i can put it like that between labour and the conservatives. i talked to a local mpjames conservatives. i talked to a local mp james morrison he conservatives. i talked to a local mpjames morrison he says they are confident with support of an independent conservative and remaining ukip councillor, the minority conservative administration here will remain in effective control of the council, even though it has no overall control. jeremy corbyn paid two visits to dudley, so important is this, in terms of not just an important metropolitan authority but pivotal as an electoral area in terms of the wider parliamentary map. this isjust one of those places where elections are won and lost. at the moment, one has to point out because of the ukip collapse, 2014 base year, when ukip built up something of a local stronghold, that has gone, losing all but one of the seven seats they defended, including that of bill lethbridge, the mep who has been forthright in his attack on th

dudley: well, we will see.ew is that if you look at it historically, investment spending has not been that connected to the cost of capital. there is a positive effect on investment spending, but i expect it would be more modest than really large. so far we have not seen really any sign of acceleration, but it is early days. >> something that you did achieve in the past six years, especially the last four years, was the fed came closest to meeting this inflation target, 2%. i mean, people could say

dudley is a lwa ys bring this up to date. dudley is always one of those interesting boroughs.rginal seats in the country, and a key target for the conservatives. last night in the local elections you could see the conservatives have made gains. dudley, the black country, that has been a real stronghold for ukip in recent yea rs been a real stronghold for ukip in recent years which is an area that voted overwhelmingly to leave at the referendum. seven councillors lost their seats to the conservatives, including bill etheridge, a ukip mep and one—time party leader ukip was not completely wiped out but not voted for in the numbers to let them keep the seat. ukip feels like a spent force in its heartland and it's pretty much like the national picture and for the west midlands. the conservatives have made some games that were not well expected. labour has held on and in places like wolverhampton and sandwell increased majorities but has lost ground to the conservatives in other key marginal seats. there's also been a little bit of improvement for the greens. they picked up a couple

of san francisco who is the incoming to replace bill dudley. said the same kind of thing. the target for inflation is soft, above 2% or below. let's listen to bill dudley from friday. >> i would not declare victory yet. inflation goes up and down month to month, but we have made progress, and i am happy where we are today. kathleen: i sat down for a special edition of "bloomberg best, a live interview with dallas fed president rob kaplan at was at the conference stanford university. he had some interesting things to say. he thinks wages are rising for lower paid workers. that will start showing up in the data. he also said this is pricing power that is the weakest yet seen in his professional career. that is saying something. he is still in the camp of baseline, three hikes total, two more this year. i said one of inflation doesn't pick up? he opened the door to that but not in a hurry to go from three to four. if you look on bloomberg, the chances of three are stronger than the chances of four. betty: our bloomberg policy editor. i want to get

in dudley, it sounds like the tories have taken dudley, a marginal seat.ies putting on one. labour and lib dems holding their ground and lib dems holding their ground and the independentdown one. claire perry? it sounds great but it i5 claire perry? it sounds great but it is early days with thousands more to come. a5 laura said, what is interesting is how one seat can make such a difference in a council. it makes me feel proud of the thousands of activists. we are bussing people around the country, people working the doorsteps, showing this story about if you want well—run councils and your council tax to be reasonable and quality services, vote conservative. john? we do not need to bus members around the country we have members spread across the country. this is a reflection of where the ukip vote collapsed outside london, two thirds going to the tories and one third to labour. we will see the rest of the results as london comes in and i think we will gain councillors. no dramatic shifts for either party overall. steady progress. 0n the percentage share,

bill dudley sat down with our own matt winkler as dudley prepares to leave the largest and most intellectualeral reserve bank. bill: i think the outlook over the next couple years is pretty good. economy is growing at above trim pace. business as you know seems to be in good shape financially. the household sector is in good shape financially.household debt has been going quite slowly during this cycle. we saw today another good game in payroll employment so i would be surprised if the expansion were to end in the next year or two. there are some things i see over the longer term. one cloud is what will happen on trade policy. array going to continue with an open trade system, or are we going to have to raise trade barriers and get in a trade war? we go down the bad at, that would create quite a risk for the u.s. economy. the second thing is fiscal sustainability. the corporate tax reform probably was overdue. but this is a lot of fiscal stimulus late in the cycle, number one. number two, if you look at the fiscal deficit projections from the congressional budget office, there is abundant de

making progress in the west midlands, dudley, walsall, taken control of basildon, peterborough, yarmouthge and it's all about the hard work of local councillors, supporters, activists. i think we've also seen something else that play. i think people of all faiths have rejected the bile and is at labour has gone unchallenged for too long. we've also seen people working hard bashing a compiler racism. conservatives will deliver better services and manage money wisely and keep council tax lower. i've just come from wandsworth, where i have to say of course, my political career to say of course, my political career started as a local borough council in london. it was in next—door murton, further from barnet, but i know what dedication and hard work, what commitment it takes, how much time it takes to be a local councillor and put into your local community, sol a local councillor and put into your local community, so i just a local councillor and put into your local community, so ijust wanted to say, richard, to you and our conservative councillors in barnet, if you have stood before and been

the prime minister in dudley thanking party workers. dudley thanking party workers.nick's reading of the brexit process. process. in the detail is absolutely not true. true. resolved and after two years it is still not resolved. still not resolved. deliver on the free trade policy to boost exports abroad. boost exports abroad. and make sure we avoid the hard border. we avoid the hard border. ministers finding it difficult to settle on and agreed approach? settle on and agreed approach? technical, it is about recognising the complications of it. the complications of it. technology and best practice abroad from new zealand, australia, canada. from new zealand, australia, canada. you are running out of time. referendum, all the flip—flopping labour party. labour party. customs union, against it, or the other way round ? customs union, against it, or the other way round? other way round? i am on record as being in favourfor a long time. i am on record as being in favour for a long time. being in favour for a long time. number of tory mps who want to stay in the customs u

haidi: an exclusive chat with bill dudley.et me bring and claudia at bank of america -- let me bring in claudia add bank of america merrill lynch. do the labor market numbers on the narrative at all? >> no. in a certain sense, what we saw was unemployment rate break the 4% level, upward revisions to the previous month. the market in the u.s. is very robust and we had average hourly earnings above year-over-year. again, labor inflation and labor market, the crux of the matter, where the expectation is that, at some point, the shoe will drop in inflation will come up. that links back to delhi saying the battle is too early to declare the victory on the inflation over. it is justifying shaken the dollar we are seeing. so it does not change our view, no. haidi: in terms of the dollar, last week's weekly gain was a biggest we have had all year. have the fundamentals changed? we've got sure is getting squeezed out. is that pretty much done? is there any reason to expect strength going forward? >> i think so. there is still reason to

francine: that was bp ceo bob dudley speaking with bloomberg's tracy alloway in abu dhabi. we've had a headline come through to do with italy. the league is proposing a prime minister. this is a development as we heard just before we came on air as well as the president meeting later on today in the late afternoon. both the league and five star are close to forming a government. if we look at what the boom spread is doing, in terms of how yields are moving, we have seen that 10 year yield move higher. it is up three basis points. the spread with germany widening ever so slightly. nothing too dramatic today. let's get the bloomberg business flash. here's taylor riggs. the money manager who famously predicted the collapse in subprime mortgages before the 2008 financial crisis has recommended shortening deutsche bank shares. he made the comments in an interview with bloomberg in hong kong. >> deutsche bank has real profitability issues. they haven't spent money on technology in a very long time. they are probably undercapitalized. deutsche bank is a problem bank. the uae energ

this is what bill dudley said earlier today. we have to operate on the proposition that libor is likely to go away. i will say it should go away because it is not supported by a sufficiently robust regime. it should provide an impetus for action but should also make regulators nervous as we approach the deadline, especially if longer-term positions -- solutions are not in place. kathleen: in the u.k., there is a replacement for libor. is one as. there well. carney spoke, he said he sees progress in the u.k. that has been made when it comes to changing banks for people to be -- behave better and improve bank culture. particularly when it comes to bad apples who do one fraudulent thing at one bank and then move on to the next. >> to adjust the rolling bad apples problem, mechanisms are now in place here in the u.k. so that when individuals move, their history will be known to the firms that are considering hiring them. firms will be required to share information on breaches of , theirual conduct assessments, and the outcome of any

withdraw from the iran accord and bob dudley says that he is not banking on this barrel rating being the norm. >> i think what we have seen is a with drawl from the agreement, which seems to be the beginning of a new negotiation. things anduld affect there is uncertainty, and that is reflective of the oil price now. any iranianurchased oil? >> i think it is good for us to take a breath. >> right. knocked ae gotten little about fiscal discipline. do you think that that was fair? market andet is the we have been really clear. you can do a lot more with capital today because of capital we have morend projects coming this year and i think that it is all about the discipline and the care and we have had circumstances that we are still working through. rethinkingu consider interests that you have thought about? because we will look at this. higher oil prices made this easier or harder for you? framework and we do acquisitions. and we haveinvolved we are not here and $75.ing this company on fairway.f of the u.s. production would jump and offset some of the declines. >> there seems to be dis

dudley and they were talking about libor.sther dudley said the problem with libor is the inherent fragility in a pyramid where the pricing of hundreds of billion trillion dollars rests within the expert judgment of a few individuals. they will continue discussing libor and probably move to the monetary policy. let's get straight to the bloomberg first word news. central bank has raised interest rate at an emergency meeting. while the president has pledged allegiance to global principles on monetary policy. the late liquidity window rate was raised by 300 basis points while others were kept unchanged. move as described the "powerful monetary tightening" and said it is prepared to use all instruments. the lira has fallen again this morning. federal reserve officials have signaled they are set to raise interest rates at their meeting next month, but sent no clear message on whether they would hike one or two more times this year. the minutes said "it would likely be soon appropriate to increase the benchmark policy rate." offici

dudley. tanami phone with cell phone if underneath. me it's a new one i had. one double what the nominee font self under-funded did because. it's on when i. touch. money money money down find. money money money none find gain money money money. does what are now the fond self an effective thing. to say i believe it is. literal. the will is not an. easy meaning to me. the. money is nothing more than i. would. then want it to take the next coming up on. new to me to. my. mom. mom. i was nice young golden. and this is you know until it up to fifty degrees in the. mind. then. all. you need tara but let me. ask you. on. the meaning. of money no desire to put germans rots before smith and. all the stuff that's wrong. you know. jim. she may be a few feet to new. ideas to. me much of it by your look as does suck to do do do give almost. a year for all. if. not all my victims up in she's such a young. woman all stooped if you. know she did. she. did he did it only he should be months no he. don't sit there all fit. to be moving to move. it into what it was all covered

dudley. tanami phone with cell phone if underneath. it's unknown i have. done the work done on the phone cell phone if and done it in the car. it's on when i. touch on in about. money money money down find. money money money none find game money money money. what are now the fond self an effective thing. to say i believe it. will. be the it's. not an. easy meaning to me. it's not the wrong one i'm not. sure. then want to. take the next coming up on. new to me to. my. mom. mom. i was nice young golden. and this is you know i'm sympathetic. mind. you. all. you need tara but let me. ask you. do you mean. this is. a money not as a zoologist which forms rots before smith and. all the stuff that's on its. you know. jim yeah i think she may be a few feet too new. idea to. me much of it by your look as does suck to. do doodoo give almost. a year for all. if. not all my is all in she's such a young. woman all stooped if you. know she did. she. did to detail will slip to diddy only he should. months no he. don't suit devil fit. to be moving to move. it into what it

dale dudley said it is too early to decide victory. i am david english here in hong kong.cision. why china has the most of fear from the spike. this is bloomberg markets: asia.

santa barbara county district attorney joyce dudley held an afternoon news conference to announce he is now being formally charged with four killings in that county. >> i have decided to file four counts of first-degree murder with special circumstances against joseph james deangelo. each of the four counts carries multiple allegations. each of the four counts carries the potential for a sentence of life without possibility of parole or the death sentence. >> prosecutors in santa barbara county now join their counterparts in orange, ventura and sacramento counties in filing charges against deangelo in the golden state killer case. deangelo is due back in a sacramento county courtroom on monday. ktvu's henry lee will be there. >>> in mendocino county, authorities are testing skeletal remains that were found near the area where a woman drove her family off of a cliff back in march. the sheriff's department says a resident called them saying they found a pair of girl's jeans with a shoe in one of the pant legs with skeletal remains insides the shoe. the remains were found a mile north o

withbob dudley speaking the uae energy minister.rtel has enough capacity to push into oil markets if the u.s. will reimpose sanctions. it looks like it's going that direction. ups and downs in sanctions and some of the members and we managed very well. i'm not worried about how we would manage. if this comes again, how we think we would do and manage it. now we have a big event an organization. we are talking about 24 countries in the alliance that we have put together. i think what is important for us reach and the incentive is asian of investments. those are the important things. saudi arabia has pledged to mitigate the effects of the sanctions. what can they do here? let's not focus on what a single country can do. , we do things together, we are a bigger organization now and they told you, i think, it's definitely going to be a big issue if there is sanctions in one of the member countries. i think we've been there before. resilientec has been to deal with many of those in the past. countriese member have definitely affected cap

she met with santa barbara county da, joyce dudley and two others today to discuss a mountain of work ahead. >> it is an overwhelming case with a lot of victims. we will do everything we can to collaborate and bring justice. >> reporter: do you charge them all at once? >> it is not a difficult decision. first you look at what is the best interest of the victims and loved ones. then what is in the best interest of the people of the state. and you filter into that judicial economy. >> so far he has been charged with 12 murders and four counties. among the issues, they are considering is where to try him and the possibility of the death penalty. >>> one candidate for san francisco mayor is stirring up controversy for her change to sanctuary city policies. angela alioto wants an initiative on the ballot to exclude felons from sanctuary protection. her plan would allow police to root word undocumented immigrants were booked into county jail on suspicion of a felony or had a previous conviction. she said she helped write the original sanctuary rules but said over the years, things have chan

the outgoing new york fed president bill dudley will join us for an exclusive one-on-one exit interviews he prepares to leave the largest and most influential federal reserve bank. we will bring that you at 5:30 p.m. u.k. time. is up next. this is bloomberg. ♪ mom, dad, can we talk? sure. what's up, son? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. ♪ it is a 6:30 in the morning in london. the aussie dollar on the front of four. the best-performing g10 currency against the dollar in this session. gaining after the rba boosted its inflation forecast. anna: let us check out the broader trading session. >> let us start with sydney. australia is down the we do see the aussie up this morning. asian equities are trending lower. talks in beijing. u.s. off

bob dudley gave his take this week.ob: i think what we've seen is a withdrawal from the agreement, it seems to be the beginning of another negotiation of some kind, but when you couldn't leak one million barrels on the market, it would affect things. ♪ alix: i'm alix steel. this is bloomberg "commodity's dge."-- commodities e time for the data day, where we dig into market trends. the numbers showed a build everywhere of 106 billion cubic feet. but the really interesting number was the oil inventory number. oil exports were over 200 -- were over two and a million half barrels a day. we saw the the second largest gasoline drop so far is exports at about one million barrels. this is a total inventory drag for gasoline, as well as oil. another data point that caught my eye was how much opec and iea disagreed on demand. here's the deal, the iea cut demand growth forecast to 1.4 million barrels of oil a day in this year blaming higher prices eating into demand. opec took another route. the increased its call on demand to mil

dudley says this more patient view will win out.he iso him report and that is a jump in prices paid. remember, if you have a terminal you can talk these away for your own use. you can see the white line is prices paid. it jumped up to 79.3. the highest since april, 2011. will the fed get concerned over that? themanufacturing gauge, turquoise line pulled back to 57.3, so the economy looks strong. this is the kind of thing i think the fed will be looking at. closer than the next couple of months is the jobs report friday. we are supposed to see a healthy gain in payrolls. the question is if we will see wages and so the rating, too. whens the kind of thing june rolls around, that's when we could see the total of three rising to a total of four. but tomorrow we will just read the policy statement as close as we can. rishaad: kathleen hays in san francisco. we will have special coverage of the latest fed decision on bloomberg tomorrow. do join us for that. bloomberg users can also interact with those charts we just saw kathleen use. just

malika dudley is a meteorologist with big island now and she is on the island of maui and her sisterpting volcano. it is thought her home has been destroyed by the lava. let's go first to malika in maui. what are the big concerns now about the volcano? well, since the event began two weeks ago we have seen multiple fishes, we are in the ‘20s now, spewing out lave, copious amounts of gas, salford axa poisoning, now with the ocean entries we are dealing with something called leyds. it is hydrochloric acid and fine glass particles. this is a concern. we are watching the wings, the trade winds have been blowing, that is good news. even downwind, with a shift in the wind, they can be impacted. we are watching this situation and monitoring it. the biggest concern is the lava covering properties and homes. that is exactly what we think has happened to your sister. emily, let us speak to you now. you had to evacuate with your family. yes, we evacuated about two weeks ago. we can see a picture now. you on the left of this picture, with your family. on the right-hand side, hopefully we can see

malika dudley is a meteorologist with big island now and her sister emily clearwater lives on the island has been destroyed by the lava. i asked meterologiest malika what her concerns now. well, since the event began two weeks ago we have seen multiple fissures, we are in the 20s now, spewing out lava, copious amounts of gas, sulphur dioxide poisoning, now with the ocean entries we are dealing with something called laze. laze is that giant white plume you see when hot lava interacts with the ocean. it's hydrochloric acid, steam, and fine glass particles. this is a concern. we are watching the winds, the trade winds have been blowing, that is good news. but our communities downwind, even downwind, with a little shift in the wind, they can be impacted. we're watching this situation closely and monitoring it. the biggest concern is the lava covering people's properties and homes. malika, sorry to interrupt you. that is exactly what we think has happened to your sister. emily, let's speak to you now. you had to evacuate with your family. yes, we evacuated about two weeks ago. we can see a pi

but now dudley carlson couldn't do without her p.c. it's given her life a whole new meaning.there's some on the way and i've gotten very used to it i can keep in touch with my friends without even having to pay postage i can read the news. here so it's really good they articulate and they have to go but just reading what others have written isn't exciting enough for this greatly sr so she's also a passionate blogger her blog is entitled blog and meek swedish for blog with me. to believe her first when i was young i always wanted to be a writer. but there were so many good books around that it made no sense to produce a poorly written one. because when i blog i don't have to write about a specific topic i do what i want to know but if i weren't this old no one would pay much attention but it's. but since she is one hundred six she's amassed a huge following and. nine year olds write comments and say you are really cool that makes me really proud. and then this story. and these fans who are still young at heart have come to london university to honor her efforts here a five hou

i guess outgoing is the right phrase, william dudley, on the public service at the new york fed.in chief emeritus matthew winkler in combination with dust conversation with william dudley at the 12:00 hour. this is bloomberg. ♪ francine: this "surveillance." tom and francine from london and new york. xiaomi has filed for an initial public offering. this is the chinese phone maker. the ipo which could be the largest since 2014, makes for a value of $100 billion on the eight-year-old company. the bloomberg news asia tech reporter. can they really sell to the rest of the world? >> they are already selling to the rest of the world, just not in the u.s. and not in the u.k., but they are definitely all over india, indonesia, southeast asia, and different parts of europe. francine: i have a phone here which i grabbed for my associate producer. if you look at the iphone and xiaomi, xiaomi is much cheaper than the iphone and has some great features. is there some concern that people are listening in? are people concerned because it is chinese made? shelly: that is definitely the concern a

joining mattudley winkler for an extensive as dudley interview prepares to leave the most influentialt's tomorrow at this time on bloomberg tv. if you missed any of the charts on the bloomberg, you can find them on g tv . check them out. this is bloomberg. ♪ alix: fasten your seatbelts, m&a is here. it is the execution stupid. permian report earnings in the focus in -- and the focus is on manufacturing. who was falling behind? tesla's promises to cut its reliance on cobalt for its model 3, opting for nickel instead. ♪ alix: i am alix steel and welcome to "bloomberg commodities edge." 30 minutes focusing on

of dudley's own kind of. something that was like long enough something outside of. the market as a little slipknot let's play what i can and they didn't and then he was magic bullet left so. let's. hear. from our daughter on the back of. her. we are working on something and you know there's a chance that it will work out there's a church is a very substantial chance that it won't work don't try and casts doubt on next month's planned meeting with the leader of north korea saying the historic talks may be delayed or may not take place at all. meanwhile north korea is reportedly dismantling its only nuclear site as part of a bargain with the u.s. we have access to the area and our correspondent will be reporting on his journey there as you can see behind me we're being greeted like celebrities here goes through to north korea. the german government admits that almost two thousand far right extremists in the country may be in legal possession of the firearm. and after eighteen years google quietly drops its don't be evil slogan the change is only noticed a month after

cannot ask -- do not miss our exclusive interview with outgoing fed member bill dudley.a bob as earnings out, unbelievable. -- alibaba earnings out, unbelievable. the revenue from core commerce up 62% in the last quarter. david: they be on earnings per share and revenue. 60 sue percent up with this base -- 62% up with this base. ♪ alix: jobs number, an hour away. s&p futures down by about five point, dow down 30 points. dax up by 5/10. we have some pmi coming in squish year than anticipated. that is causing the euro to take a little bit of a hit, down 2/10 of 1%. most of the emerging-market currencies are getting hammered. we will be seeing more dollar upside after the jobs number. yields moving lower by one basis point. i am watching the 5-30 spread, flatter as she goes, back to 33 basis points. crude up 1/10 of 1% despite the stronger dollar story. can we talk about alibaba? david: everything, i cannot believe, it is extraordinary. core commerce up 52%, cloud computing up 103%, active users in the marketplace up 37%. revenue growth up 60%. david: they added 100 million

withberg spoke extensively bob dudley. >> what we're seeing is a withdrawal from the agreement, whichs to be another negotiation. you could lead to one million barrels a day off the markets, and that will affect things. there is a lot of uncertainty. that is more reflect the -- reflected in what is happening in venezuela. vonnie: we are joined now by abhishek deshpande, jpmorgan head of oil market research and strategy. thanks for joining. cold changed from the iran deal -- call changed from the iran deal? paul: it -- abhishek: it plays well with what we were expecting. since is not being extended was part of our risk scenario. as of now, we believe there is a higher probability of prices remaining higher and going towards $80 plus benchmark for us for the rest of the year, at least. next year, the risk will play out differently, where we believe that high oil price risk demand route -- drought, but you also have more supply from your shale and possibly an ok deal not surprising -- not surviving. vonnie: what would push the price to $80? around $71 now. it does not seem to be moving a

dudley's charges are in connection to two double murders, two doctors in 1979 as well as sherry domingo and gary sanchez in 1981. both those cases happened in the goe leida area. >> we never stopped hoping or believing that an arrest would be made. >> reporter: investigators were able to track down deangelo after using a free online didn't matching site. they are they found one of his relatives was a close hit to dna found at a crime scene. that led to a match when they checked deangelo's dna. a big break for families of those killed decades in the making. >> violent cold case never grow cold for victims or their loved ones. they never do. in fact, most of them spend their lives feverishly seeking answers and desperately hoping for justice. >> reporter: rob hayes, abc 7 news. >>> three americans held prisoner in north korea are enjoying their first evening back on u.s. soil. kim dong-chul, tony kim and kim hak song waved to onlookers in maryland at 3:00 this morning. president trump and the first lady were on hand to greet them. mr. trump called the return a quote, special night for the

percent, and bill dudley is saying i'm ok with 2%, but if it moves by a margin, will change our path.s nothing in the policy statement that suggests the fed he is ready to move off of but it is only may and we have seven months left in the year. could something happened the --but something happened in the upcoming? to change things? betty: does it give us a clue of how it will play out this year? kathleen: it is interesting but it goturprising that weaker in the first quarter, and on the stronger not come up over the course of the year, but they propose that pricing business investment is moving right along and business investment is looking good. one thing that caught people's argument particularly if you are is the facthe fed, the fed it knowledged that inflation expectation has not risen. they are steady. another gtv the chart and the get an interesting comparison we put together, the connect inflation expectations to break even and had they are tracking crude oil. the five-year breakevens are in step with crude oil. if the fed sees that, it has number off lately, and two, any kind

interview, ixit will join the new york fed president bill dudley sitting down with matt winkler coming on bloomberg television. in the meantime, look at how markets are doing as we are past the halfway mark this friday. this is bloomberg. ♪ david: noon in washington and midnight in hong kong. from new york, i am david westin . andy: i am shery ahn: welcome to bloomberg markets: balance of power. david: loving the jobs. president trump lauds the jobs report by says u.s. has to bring fairness with trade to china as the delegation says more work needs to be done. , we talk withise outgoing new york fed president taylordley with on appeared -- john taylor. as president trump goes to , weess the nra and dallas fromto the representative florida where the shooting took place. what happened to all that talk about gun control? ♪ shery: two days of

as a general role, dudley obama takes this information that we learn from the best sports teams in thewe use that information to help a larger rule,ce -- as a general whoop takes this information that we learn from the best sports teams in the world and we use that information to help a larger audience. data is 100 megabytes of from one person per day, and it is much more accurate than anything else in the market. this is not doing phone calls or calling an uber, it is collecting health data. giving you an understanding of your body that can help you perform at a higher level. caroline: what do you think the next innovation is, is it more granularity? will: we will continue to invest in our hardware and our data. i think you'll see a lot more approaches coming in that regard. flexibility in terms of how to where the technology in your body. i think that analytic some of the backbone of what you need to improve, will keep driving you. caroline: will it be on your clothes? when you say that it will disappear? will: will have to see, there is lots to come. caroline: how do you look to bro

you are looking at those comments from a bill dudley. he is retiring in june, he will be's excited by the san francisco fed president john heliams that he will be -- will be succeeded by the san francisco fed president john where we have this. ams.ohn willi now to get to "first word" news come here is mark crumpton. mark: hawaiian officials say extremely high levels of sulfur dioxide gas have been detected in areas near the irruption of a volcano. officials on the big island are warning people to stay away from the area. nearly 1500 residents were ordered to evacuate their homes after the volcano erupted and sent molten lava through forest land and on paved streets. president trump says he is not planning on withdrawing u.s. troops stationed on the korean peninsula. he also gave more details about his upcoming meeting with kim jong-un. is comments came before he departed joint base andrews for dallas. president trump: the trip is being scheduled, we have a date and a location. you will be announcing it soon. -- we will be announcing it s

dudley's charges are in connection to two double murders, two doctors in 1979 as well as sherry domingohez in 1981. both those cases happened in the goe leida area. >> we never stopped hoping or believing that an arrest would be made. >> reporter: investigators were able to track down deangelo after using a free online didn't matching site. they are they found one of his relatives was a close hit to dna found at a crime scene. that led to a match when they checked deangelo's dna. a big break for families of those killed decades in the making. >> violent cold case never grow cold for victims or their loved ones. they never do. in fact, most of them spend their lives feverishly seeking answers and desperately hoping for justice. >> reporter: rob hayes, abc 7 news. >>> three americans held prisoner in north korea are enjoying their first evening back on u.s. soil. kim dong-chul, tony kim and kim hak song waved to onlookers in maryland at 3:00 this morning. president trump and the first lady were on hand to greet them. mr. trump called the return a quote, special night for these three reall

ben is at a factory in dudley. who knew that bricks could be so exciting?g they cannot get enough bricks and having to wait about six months to get their hands on them and the price they are paint going up. the bricks they make here are the strongest in the country —— they are paying are going up. i want to show you this one which is just clay and because it has not been fired, they tell me, and it could be embarrassing, i should fired, they tell me, and it could be embarrassing, ishould be fired, they tell me, and it could be embarrassing, i should be able to break it. let me have a go. that is what happens before it gets fired in the kiln. it isjust what happens before it gets fired in the kiln. it is just pure clay dug out of the ground. we will tell you what that shortage could mean for some builders and developers later but before that we can get the news and travel and weather where you are this morning. there is some great weather around today, and that will be across northern parts of the country — belfast and glasgow. lots of sunshine. but overall

bob dudley, the ceo, has worked with russia for quite a bit. he knows what he is doing.n't see any impacts right now. vonnie: what else came out of the call from analysts or anybody else that might have attracted attention? kelly: i think the other thing analysts really to about when i was whether the hard work they did in terms of lower costs translated into higher cash. that catches is for the companies used to pay back the investors who have stuck with the company for almost a decade of crises. that includes higher dividends, possibly. they may be talking about that. this is where we see the comparison with shell come in. the shell share price got hammered because they're not giving cash back at this rate. kelly: it's been surprising because shell has a little more wiggle room on its balance sheet to do something like this. they've taken the more cautious approach. overbought bg, spending $50 billion. they don't feel like their debt has come down enough, so they want to wait before they start to buy back program. caroline: if there is cash to spend it -- we saw yester

the storm turning dudley in north carolina, where a tv anchor and photo journalist died when a tree felllberto's remnants are expected to bring heavy rain and mud slides to the area this week. josh holt and his family are back home in utah after spending nearly two years in the venezuelan prison. the 26-year-old lds missionary and his wife, tammy, were freed saturday after months of negotiations between the u.s. and venezuelan government. after their release, they were flown to washington, d.c., for a meeting with president trump. i'm alicia acuna and los angeles ♪ >> tucker: leland vittert was the man, after he finally ended shannon's nine-game winning streak. could he defend his title, though, i can stay for medio carly shimkus, and an airborne motor vehicle? we'll find out. >> tucker: last week you are a member that american news headquarters host leland vittert and ended shannoner bream's legendary nine match winning streak. can he start a streak of his own tonight? that's the question. his challenger, fox news headlines reporter carly shimkus. they'd join us both tonight onset. >> n

manus: and bob dudley coined the phrase lower for longer. let's talk about the fed.ave the minneapolis fed president addressing th eye yield curve. in thatfed colleagues group should not over do with aggressive rate hikes. >> we are not flat yet. we are not inverted yet. we could flatten the yield curve by the end of the year. it depends what happens. that is something i will be paying close attention to, our we overdoing it or coming close? that gives us some information about where neutral is. parry is still with us. we were talking to one investor and tried to talk about all parts of the globe. comingversation kept back to u.s. treasuries and the 3.5% or 4%. thinking in terms of what it does to other asset classes? w: the fable tipping point of u.s. treasuries. i don't think there is ever one level. i mentioned slightly earlier the fed have done a good job. i think we are often very critical of central banks, but they have been normalizing interest rates for quite some time. they are now getting to dispose of treasuries. it is the production of their reduction oft

santa barbara district attorney joyce dudley held a news conference to announce that he is now being formally charged with four killings in that county. >> i've decided to file four counts of 1st degree murder, with special circumstances against joseph james deangelo. each of the four counts carries multiple allegations. each of the four counts carries the potential for a sentence of life without possibility of parole, or the death sentence. >> prosecutors in santa barbara county now join counterparts in orange in ventura and sacramento county in filing charges against deangelo in the golden state killer case. deangelo is due back in a sacramento county courtroom on monday. ktvu's henry lee will be there. >>> this afternoon , too santa rosa men wanted in connection with a deadly stabbing are in custody. johnny luis martinez and 25- year-old gabriel cardin heredia were arrested this afternoon in modesto. at about 7:45 last night, officers responded to a report of a fight on slater street near mendocino avenue. the unidentified victim suffered three stab wounds and died later in the ho

. >> reporter: santa barbara county district attorney joyce dudley held an afternoon news conference today to announce those new charges against deangelo. she says the crimes in santa barbara county are part of the series of rapes and murders that terrorized communities across california in the late 1970s and '80s and said these charges could indeed bring the death penalty. >> i have decided to file four counts of first-degree murder with special circumstances against joseph james deangelo. each of the four counts carries multiple allegations. each of the four counts carries the potential for a sentence of life without possibility of parole or the death sentence. >> reporter: prosecutors in santa barbara county now join their counterparts in orange, ventura and sacramento counties in filing murder charges against deangelo. prosecutors will have to decide where he is put on trial first. our legal analyst michael cardoza says he doesn't expect all these cases to be decided by one jury in one trial. >> they could try to do it. i don't think that would be very smart because you would be

bob dudley has worked in russia a long time and knows how to deal with them. a complaint where he he was nott this and so thrilled about that. the next round of sanctions does not affect him. let's bring it back to you you are looking at the and there isp undeniably $75 oil and that is good. dividend health. dividend --pare the the dividend yields. although i still think the bond yields are going to rise and the dividend yields are attractive, it is the oil prices trading for brent over the balance of this year and i think that that underpins the energy sector. you look at consensus earnings for the energy sector and they are very strong indeed and the consensus is the earnings forecast is going to be up 40%. >> you stay with the sector. are you concerned that they might be tempted to spend the cash? >> there are plans with the oil majors and it is quite interesting. a lot of this is on alternative energy or diversification. forinteresting question shell is if they are an oil company or a gas company. the economics of energy looks more attractive than it did f