atule lele will join us.of our hour, paul bloxham with hsbc, their australia chief economist. of course, paul bloxham on the bombshell from the rba on lower interest rates. another hour of "bloomberg surveillance." ♪ expect the unexpected. the reserve bank of australia stuns market. they/rates to fight this inflation and deflation. in this hour, paul block some of hsbc and the death of commodities on the china effect. further, the yen strengthens. the euro as well. when will janet yellen blank? exit stage left and right. why can't sanders and cruz exit gracefully? this is "bloomberg surveillance ," live from new york. tuesday, may 3. i'm tom keene. friends lean the quality is in london. extraordinary events, and you see it with sterling doing an anti-brexit thing. francine: what is amazing with sterling is it is reversing the decline we saw since the beginning of the year. we are in a contraction now, so we are seeing an impact on gdp, or at least an impact on manufacturing, yet sterling doesn't really -- tom

most importantly, i want to 2016.atulate the class of [cheering and applause] has paid off. know some of you have faced even more challenges, lots of day.lenges to get to this many of you are not traditional higher education students. maybe you weren't a full-time student when you started. maybe you were never a full-time student. maybe you've had to work a job, raise children. maybe you were displaced by a storm. maybe you just started later in life for whatever reason. but just look at where you are today. life may have gotten in the way, you down.n't keep so just take a moment, because great s the day of celebration, you're going to be busy, but just take a moment and back, contemplate and thank god for the blessings in your life, that have allowed you to reach this point. thank him for your families. teachers. for your thank him for the faculty and suno.taff here at most of all, just thank him. you got here how or how long it took, you will alk out of these doors today following in the foot steps of a long history of trailblazing knights. you represent a new chapter in l