barton. markets" onomberg bloomberg television. vonnie: we are going to take you from chicago to london to washington in the next hour. here is what we are watching. the fed begins its two-day meeting as retail sales rise more than forecast in may. where the central bank stands on a rate increase and where investors are putting their money ahead of tomorrow's all-important decision. mark: anxiety over the brexit vote is wreaking havoc on the global market. falls to a10 yield negative. we will talk with pimco's scott mather. vonnie: yuri milner weighs in on one of the biggest deals of the year. microsoft paying 26 billion dollars plus to purchase linked in. mark: two minutes to the close of trading in europe. have a look at where equities are trading, every single industry group is trading lower on the stoxx 600, down for the fifth consecutive day. days, 7% hasive been wiped off the value of european equities, the most since february 11. that was when the stoxx 600 fell , 600two and half year low billion euros has been wiped off the

mark: i'm mark barton. there is 30 minutes left in the trading day.he european close on bloomberg markets. ♪ mark: here is what we are watching today. david cameron had some choice jeremy corbyn today. we will discuss the latest play within the halls of westminster. vonnie: the msci all country world index heading for its highest levels since the u.k. referendum vote. the latest assessment of whether the banks can weather a financial crisis comes later today. in will foreign banks fare the latest round of stress tests? vonnie: let's head to the markets desk.

i am mark barton. vonnie: and i am vonnie quinn in new york. a bloombergor business flash, a look at the biggest business stories in the news. microsoft will pay 119 six share in an196 per all cash transaction. -- will remain ceo of that portion of the business. emily chang will be interviewing the ceo on bloomberg markets at 11 eastern. brazil economists expect the central bank to cut the benchmark rate less aggressively. this after a series of negative inflation rises. they will end the year at 13%. 13th 25%.at -- at 14.25%. to openpple wants retail stores in india, it must promise to bring factories to the country. the indian government may loosen existing policies that would require local sourcing to companies that want local stores, but apple would have to provide a time frame for manufacturing. that is our latest bloomberg business flash. julie hyman has been keeping an eye. andrew of citroen, who has now become a well-known short seller, has spoken to bloomberg and said he is sporting shares of facebook. he says the company is losing rel

i am mark barton. vonnie: i am vonnie quinn. are watching "bloomberg markets." julie hyman has been looking today. what is moving? julie: you have the broad rally and broad rebound, then specific calls helping individual stocks. one of them is dick's sporting goods. best positioned to benefit from the sports authority closures. the company is liquidating. the goldman sachs analyst is reiterating a buy adding dick's y. a conviction bu visa is overweight after the selloff. what is interesting is that visa is repurchasing visa europe. analysts say that eventually this will wear some fruit in terms of accelerated growth as a result of the transaction. those shares are up by 3%. travelers, being upgraded. bank of america and merrill lynch has to do with valuation. it is a somewhat defensive play because of the situation with the brexit. most of its operations are in the u.s.. slower economic growth can mean fewer claims according to the analyst. shares up 2%. companythe oil services getting a boost from oil prices and being upgraded

i'm like when along with mark barton.ot a decision by the supreme court ising for-three, yes, that seven because one of the justices recused herself. case is the abigail fisher case, a white woman says she suffered unconstitutional discrimination when she was rejected by the university of texas at austin in 2008 it the texas system is a hybrid admission policy. it requires a school to admit three quarters of it -- middle-class solely on the base of high school ranks. it looks racist on the surface, but it ensures a significant number of minorities. that is the origin of this case. without the opinion today. it is time now for our business flash. a look at some of the biggest new stories right now. bill gross has become the latest investment -- investor to bet on argentina. over the past year, argentine debt has posted the biggest return. the president has settled with disgruntled investors to pull argentine out of the fold. any credit card from citigroup has been a mess. they have endured -- customers complained that they

mark: live in london, i'm mark barton.ted in asia as the shanghai composite index dropped. off one point three quarters of a percent. -- indian distro industrial performance is dropping. it >> production fell 2.3% from may to april. they were expecting a fall of 2/10 of 1%. at that too bad retail sales figures and add to the worries that the economy is on shaky ground. brexit will strengthen the yen increasing corporate earnings. month, low rises 2.5% on but do not get too excited. finance official says it was a base effect after a bad market in april. yvonne man, bloomberg, japan. mark: stocks are rising for the third consecutive session. check out the stoxx 600, the ftse, the dax -- two days of gains before today of 5.75%. bestgame since friday -- gain since friday. the five-day dropped 5.8%, but stocks are rising for the third consecutive day. resurgence has come to an end. they have seen a choppy session. sterling dollar down with little one .34 euros down. euros down against the frank. the inflation data out of the eu

mark: i'm mark wotton -- i'm mark barton. you are watching the european close on bloomberg markets. we are going to take you from new york to london in the next hour. here is what we are watching today -- stocks in europe rebounding from their lowest levels since february while u.s. markets are getting a you -- muted but spirited performance. decision andomc statement at 2 p.m. today at a press conference at 2:30 as fed watchers are ready to dive not only into the rate decision but the fed's up dated forecast and chair yellen comments stop mark: brexit backers launch and our motto while the chancellor warns of a leak future if written votes to leave the eu. eight days to go until the u.k. re

i am mark barton and his is the european close. time for the latest business flash.considering whether to sell stakes to one of russia's corporate crown jewels to china and india. russia is looking for buyers for the% stake in rosneft, state owned oil company. it is estimated the sale could bring in $11 billion. rosneft pumps more oil than at some mobile. british housing prices kept climbing this month. the asking prices in the u.k. $444,000.% to almost .2%,s were down in london blamed on the new property tax and uncertainty over the vote on the european union. boeing may be in what did extend the life of its venerable 747 after all, according to people familiar with the matter. they are close to a $4 billion deal with russia's largest airfreight company. sales of the 747 have dwindled as airlines have shifted to more fuel-efficient planes, like the 777. that is the latest bloomberg business flash. iex, a start up more transparency to trading just got a ftc approval and became the nation's 13th official stock exchange. the exchange offers a speed that which creates a

mohammed al habtoor spoke to mark barton about the expansion plans.ammed: we consider real estate separate from hospitality which is the hotel. that is where we are expanding. there are lots of residential towers in dubai which some are for sale as units or for people. now, there are some for rent. we're looking at real estate projects in eastern europe so far. we're looking at perspective buildings. we have a team in eastern europe studying the situation. the income, the yield and the finance. mark: in 2014, there were some mumblings of a potential ipo of the al habtoor group. where are we now? is it a possibility in the coming years or not? mohammed: we have been talking about the ipo since 2000. but 2014 was the most serious finished 99% with everything and there was only 1%, my father, to go ahead or not. 25%.s the amount of cash that we will be receiving is big cash. we look also at extension with this cash in the middle east, plus europe and the u.s.. onlyther, his discouragement was i will involve many people in the deal so i will have lots of

for creative non- violence, in the shadow of the nation's capital, where concert violinist rachel bartonine played a special engagement for the residents. ♪ ♪ there was music from many eras and styles. ♪ ♪ along the way, pine offered bits of musical history. >> so, mozart was from the late 1700s. >> brown: and told them a bit about herself. >> and we were often one missed payment away from losing the roof over our heads, which was the scariest thing of all when i was a little kid. >> brown: pine, in fact, knows something of the plight of her audience. her father was mostly unemployed, and the family had to scrape by. >> so, we had these three sort of grocery crates rescued from the garbage and this one little electric heater. and i would rotate it every ten minutes, so that, as part of me was warming up and thawing, another part would be starting to freeze. but we had to do unusual things, like get my concert clothes from a thrift store and try to fix them up to be something presentable for stage. >> brown: these days, pine tours the world a good part of the year, traveling with her husb

. ♪ london andfrom west new york, i mark barton.nie: i am vonnie quinn and you are watching "bloomberg markets." time for the bloomberg business flash now. the euro disney group has been acquitted of discrimination charges. the association that filed the original complaint said that a 2006 job ad for the paris theme park was intentionally designed to exclude applicants from africa and turkey. euro disney admits the word was clumsy but denies discriminatory intent. toldas ceo stefan larson stores to eliminate three layers of management and/jobs as part of the ways for plan. the cost may be as high as $400 million. u.s. workers was not as severe as first bought. productivity declined at an annual rate of 6/10 of 1%. there was also a 1.7% drop in fourth-quarter. that is our latest bloomberg business flash. let's head to the markets desk now where julie hyman has been looking at biotech shares. julie: biotech and health care are very active today. we were talking about that cancer doctor meeting over the weekend, but we have moved on fr

mark: i am mark barton in london.s is a special edition of bloomberg arc it's on bloomberg television. vonnie: it is time for the bloomberg business flash, a look at the biggest business stories outside of brexit. there is a report that google will release its own smartphone. there in talks with mobile operators about a cool branded phone. they are to make the android system that runs on four out of every five smartphones. china is considering changing the rules of joint ventures with foreign automakers. this is according to the national autoe commission. a new study says that companies face more data tests from their own employees than they do outside. the study comes from accenture and hss research. more than two thirds of companies surveyed report attempts by insiders. slightly more than half say they were targeted by outsiders. that is your bloomberg business flash for this hour. dark? -- mark? mark: let's get back to the thick story. looking at the economic winners and losers from this vote. give us an idea of th

i am mark barton with vonnie quinn. take you through all the action, every industry group on the stoxx 600 rose today. the expectation now seems to be after fed chair janet yellen's meeting in philadelphia there will not be a rate hike in june and maybe not july. possibly we will have to wait until september. rallying today as wti hits its highest level since july, brent its highest level since october. she'll cutting at spending plans further, promising increased cutting itshell spending plan further, promising increased savings. the biggest european energy company will spend less this year. it was down from an earlier projection. synergy from the bg acquisition will provide $3.5 billion in savings for 2018. these are the big majors in the world since january 20 when as an industry group, they fell to a 13 year low. what a day for sterling. 5:00 a.m. london time spiking within seconds 1.5%. was it a fat finger, a slow algorithm, a stop loss order? we do not know but it shows the height of volatility ahead of the refere

this is sort of barton's chart from friday.ice andlled your chose for assets, how would they have fared? i've chosen these four. the yen has risen by 17% against the pound. gold is up 5%. the ftse 100 is down 5% and the stoxx 600 is down by 10%. a huge divergence among asset classes since friday. vonnie: depending on how much or little of a safe haven they are. in terms of the u.s. data, i have to mention the pound again because we were close to the lows of the day while cameron was speaking. right now, the pound is trading at 132.7. the treasury seeing money move and the curve is flattening with a spread of 88 basis points to between the two-year and 10 year in the u.s.. anda seeing money flowing 6.6866 toe yuan at the u.s. dollar. some strategist saying that there was intervention. we are looking at the major averages -- not as bad as in britain. again a selloff continuing with the dow down 1.5%. the s&p staying below that 2000 mark. will it close below that level? that is the crucial question. the nasdaq down 2.4%. nasdaq, o

my colleague, mark barton, was talking about commodities.e very optimistic on the diamond market. why? andrey: if we are talking about diamonds, -- ryan: you are bearish. andrey: no. we have seen very good recovery during the first quarter of this year. there was a restocking process because our sales in the second half of 2015 were really down. we reduced sales in the second half of 2015. we see a very good recovery in the first quarter. bullish diamonds, i cannot say that we have a bad outlook for the market in the current year. we see that the growth is not there. the size of the growth is not the same, like it was maybe two years ago. but still the outlook is quite positive. i don't think that we will see decreasing demand. we may see decreasing growth. ryan: andrey zharkov, thank you for your time. that was the chief executive of alrosa. francine: thank you so much. we will have plenty more from ryan throughout the day. up next, expanding operations. we ask the deputy chairman of rothschild why now is a good time to grow the company's w

mark barton, the winner. take a bow. deed i shall take a bow.are heading toward the european close. the four minutes away. stocks are in a five day drop that saw 600 billion euros wiped off the value of european equities on the up today. the european close is next. ♪ mark: live from london and new york, you are watching the european close. out what happened to european equities today -- every single industry group rose. what a difference to the fortunes of the stoxx 600. 1.2% after five days of losses which lost 7.4% of the value of the european benchmark. yesterday, fell to its lowest level since february 24 stop nerves frayed in recent days but some calm has been restored. the world's biggest clothing retailer reporting first-quarter profits that eat expect haitians. .evenue rose 15% it is focusing more online. it still has 7000 stores in 90 companies but is scaling back its bricks and mortar expansion. h&m, total sales up by 9%, below and estimate from sme direct, but h&m says the adjusted calendar effect means that sales rose will stop the s

mark: and i'm mark barton. let's check in with first word news.dra has more. -- essio russian cyber gangs have been linked -- they have been linked them to a number of bank heists. ae record breaking theft from bangladesh central bank. the head of one of france's largest unions said there is no reason to stop the protest of labor performs. leaders say the government should stop parliament tree debate on the proposal. the reforms would make it easier for businesses to fire workers. president obama's meeting with saudi arabia's deputy crown prince. the complex in yemen and syria are the topics on the agenda. this comes after the senate passed legislation to allow totims of 9/11 families dispute saudi arabia and chechens. new details are emerging about the night and the attack in orlando, florida. message to send a his wife during the rampage. it is unclear if she knew where he was when she received them. says the family has been put on no-fly list as the investigation continues. people are causing to remember a gun attack in centerline a. it has bee

semi-cloudyrom a london, and mark barton.cks finishing the session low, but not as low as they were earlier in the day. still, the sixth decline in every single industry group falling. it was another day of volatility. index, europe us fear basically telling us what equity volatility is all about. as you can see from this chart, it is clear what it is all about. sixth day in seven. but now we are, at the highest with equity volatility on the rise because of concerns ahead of next week off referendum, which has been talked about a great deal by a number of central banks. what is interesting is what is happening in the government bond market with record yields across the board. we see a diversion's in the core and the periphery. the u.k.s ahead of referendum next weekend. differential between the spanish and german 10 year. recentbeen rising in stays and has been rising. we are nowhere near the levels we saw in the sovereign debt crisis when the yield differential between germany and spain hit 6.38%. we've seen the 10 year ago

. ♪ mark: live from london and new york, i am mark barton.ty: i'm betty liu, and this is the european close. back on oil prices, the opec ministers decided to stick to their policy of unfettered production after rejecting the basel's -- proposals for new output ceiling. >> we didn't discuss about this issue in opec, but it is very -- that without country quarter, opec does have no meaning. when we have a country quarter, we can control total production and monitor the situation in the market. mark: oil tipping under $50 a barrel today. crude showing little reaction to yesterday's opec meeting. joining us now is a marina 7 -- amrita sen. what is the idea of the production quota being reinstated -- a little bit of a red herring? opec can enjoy the fruits of his labor, the rategy thafirst implement it to hold the market share back in 2014. the strategy is working, you are seeing non-opec supplies declined sharply. the ceiling that was briefly talked about is more symbolic, especially after the dough hard r debacle. doha they are trying to establ

i am mark barton here with vonnie quinn.has been almost a month for the stoxx 600, the european benchmark, 18 out of 19 industry groups rising. the only declining 1 -- food and beverage. it has been the longest losing stretches cents april. -- since april. 16 out of eight, though, the stoxx 600 has fallen. 36% versus 46% yesterday, no campaigning of course ahead of the referendum next thursday in the wake of jo cox's murder yesterday. the volatility is editing -- ebbing today, but i want to talk about the ftse 100 index in the hole space of the referendum, thinking about the referendum, it basically says is a brexit occurs, it could fall as much as 16% to 5300. there is the green line. we have not seen those level since mid-2011. will see a 14% upside. it has done calculations for the it will be a -- 17% upside. it is so binary, you did not need me to tell you about it. of wirelessmaker networks, ericsson, had a march 2013 request to provide information on its operations. it is working diligently to answer the questions. thi

mark: i am mark barton.g "the european close" on bloomberg markets. ♪ mark: we will take you from new paris.o london, to this is what we are watching. pushing to record low yields on global growth concerns because the fed and the boj are gearing up to meet next week. diving into the brexit debate, warning it would be a catastrophe of britain leaves the european union. we are turning to the world of sports as euro 2016 kicks off in paris. mark: a check where european equities are trading, 30 minutes away from the end of the friday session.

-- mark: i am mark barton. this is bloomberg markets on bloomberg television. mark: new polls show the chance of a grexit is declining. since 2008, we will hear from the veteran investor. then, janet yellen goes before congress and could yield questions -- mark: the impending grexit vote, we will hear from the president whose facilities are designed to fill the link for the commercial aircraft. why his company strongly supports britain remaining in the eu let's head straight to the markets desk where julie hyman has been watching things. julie: in the united states, over this momentary grexit concerns based on the latest polling. major averages up 1%. biggest rally in about three weeks time. the s&p 500 going back to june 8. it is the last time we were close to the record. were on the s&p record watch for a while and a big slump in the market. we are not coming back to the record level. quite a change over the past several weeks. theing back today, some of contributors, we have got apple, microsoft, jpmorgan, a diverse group of stocks. definitely helping to lea

. ♪ mark: live from an overcast london and new york, i'm mark barton. betty: and i'm betty liu.s is the european close on "bloomberg markets." mark: we are seven minutes away. for equity investors committees to be dipping into the corporate bond purchases, fairly uneventful. -- for equity investors, the ecb dipping into the corporate bond purchases must fairly uneventful. -- purchases, fairly uneventful. this program kicks off in june. >> the market is not pricing anything in. it might be a lesson learned from what happened last year. than 15% lower than we were a year ago when the ecb started with this qe program. jpmorgan identified 40 company that will benefit from lower funding costs because they have such high leverage, such high cost of debt. these companies have barely outperformed the market. pretty much flat all across europe. tell us why there is this skepticism and lack of interest. of profite lack growth, that is outweighing everything mario draghi throughout the markets. there's no optimism. buying government bonds did not really do anything for growth or demand for

heart is what mark barton does every day, mark barton's son was murdered in his classroom and mark barton gets up every morning and he can't have breakfast with the rest of the family. he can't do that now. it's too painful. his house alone in with the rest of the family sleeping because his son is no longer there. mark barton is one of the activists who because this congress has failed to act, these american heroes pound the avement, go to churches, synagogues and mosques and go to chambers of commerce to pressure this body, the house of representatives, the people's house, to take action to defend the people. what we do is not that hard, not compared to what mark barton does every day and not compared to the heartache in chicago where you have dozens dying on a giving weekend. folks, it's not that hard. we can take the vote. we should take the heat. and we should act to save lives. thank you. >> i thank the the gentlewoman from for her comments and she is correct. mr. thompson: can you imagine that? we have all kids, can you magine your child being lost and get the call that your son or

i am mark barton. the manufacturing figures. 51.5, back in line with the earlier estimates.mi manufacturing, 51.5, back in line. we have a busy show lined up today. in the next hour, we will bring you interviews with executives from embraer. live from the ground and the only cd formed in paris. speaking to year grumman you. just speaking to geer grumman you. stocks are lower. the stoxx 600 rises for the third month. -- don't forget the m&a fell for the first time against the dollar. as opec ministers gather in indiana, -- in vienna, crude is falling. wti, that was brent crude rising . the longest stretch since 2011. here's nejra cehic. nejra: japanese stocks fell as begin soared after prime minister abe confirmed he will untilne a sales tax hike 2019. oblique previously said only an economic shock or a major earthquake would cause a delay. china's official factory gains remain in expansion territory in may. that adds to eminence stabilization in the world's second-largest economy. pmi came in at 50.1. to private measure fell 49.2, matching economists estimates and down 49.4

mark barton joins us now from london.atest headline links to this is that mark carney, the bank of england governor was due to give a speech today. he is scheduled to do so. is that still happening? mark: it is. just to tell you about that, today is the annual mansion house address, and annual festivity held by the london mayor, the lord's mayor of london, and in that eggs -- is an outlook on the economy, and he is joined by the governor of the bank of england, mark carney. from mark carney. he said he will not deliver his planned mansion house speech. instead, he will deliver a short speech, and the bank of england cited the jo cox attack -- if you just joined us, jo cox, the labor mp has died of her injuries. held a newsave conference. the police a man has been arrested. weapons have been recovered. the police also say the attack happened earlier today in her district. she is the member of parliament since 2015. ae west yorkshire police say full probe is underway to establish a motive, and i think it is very important t

as across europe is trading lower, let's head to mark barton.s europe 600 is down 1.4%, a five-day losing streak, the longest since february. 7%,stoxx 600 has fallen by the most since february 11 when it fell to a two and half year low. there is a number of fears besides brexit, which i will come to in just the second. the fed kicks off its two day meeting today. we have the bank of japan meeting, the swiss national bank, and the bank of england. let's get to volatility, this is europe's fear index. indexthe ftse volatility rose for a fourth consecutive day to the highest since february, ms. gage is rising for a fifth consecutive day -- this gauge is rising for a fifth and it has day, jumped 57% in five days. that is the biggest increase since august. we have had four polls from three companies putting brexit ahead. we have had the sun newspaper go forth and support brexit, in its words "outside the eu we can last toicher, safer, at forge our own destiny as many other great democracies do. britain will be engulfed in a few short years by this re

. >> i'm mark mark barton. amazon jumping into one of the world east competitive grocery markets. amazon fresh foods delivery service will be available in central and eastern times. joining a very crowded market. it's the first time the service is being offered outside the u.s. why would anyone want to join this cut throat grocery market? >> lot of people are asking that question. for amazon this is about trying to draw more people into amazon prime. i spoke to them yesterday they were -- if they can fix it here, why not anywhere else. >> after a little while, those members would have to pay extra, about $10 to enjoy delivery within four hours. how does this stack up against competitors? >> pricing model is different. amazon need the prime membership for a start. the fresh delivery pass. that gets you free grocery deliveries if they've over 40 pounds. if they're less you have to pay another four pounds. it prices up the groceries. they pitched their offering just below the cheapest player currently in the market. it does deliveries if they've over 40 pounds. if they're less you ha

. ♪ mark: live from london and new york, i am mark barton. i am vonnie quinn.s is the "european close." here's a look at the biggest business stories. marginal comments on the pound trade is to rise. the danish bank is telling banks to set aside 10% of their accounts. is planning to sell more than $3 million -- $3 billion to help finance its takeover of enc. securedes after dell $20 billion of investment notes. thursday.ond price is deutsche bank says it is planning to set up a new digital banking service in the u.s. according to the ceo. he says pursuing the plan would divert from the bank's core strategy. much more ahead on "bloomberg markets." let's look where u.s. benchmarks are trading. the dow up two thirds of 1%. 116 points. half a percent of again in the s&p 500. half of 1%.lmost up let's look at other assets moving. 107.25.ar-yen at the yen not showing much malaise over the situation in the u.s. the u.s. two-year yield up a basis point to 18 now. crude oil 2.2% higher. ♪ vonnie: live at from beautiful london and new york, i am vonnie quinn. mark: it is

francine: thank you, mark barton. is ahead in a push to become roams first female mayor.leading her closest rival, a member of matteo renzi's democratic party. the two will likely fight a runoff. a victory would hand eurosceptics their biggest blow to date. let's get to our reporter in rome. the significance of this election is huge. it points to a more extremist way of thinking about europe. >> yes indeed. i think it speaks to the populist surge. movements we've seen in austria and spain and france. for the italians, virginia raggi has been described as a revelation by they usually sober newspaper. francine: 1-wood a rongji raggil -- what would a mayoral administration look like? >> it is a bit of a poisoned chalice and me backfire if she fails to deliver. basically, she is leading in these partial results. because there say is such a movement against anybody who has been in power, left or right, in rome. francine: and we will find out on june 19. matteo renzi was meant to revitalize. what does this result mean for the prime minister? >> there is speculation that he's lo

bloomberg's mark barton standing by in the rainy westminster. scarlet: for many, this was a vote against globalization, by the people who do not benefit from the world's interconnected nets. this is special coverage on bloomberg television and bloomberg radio. ♪ ♪ mark: this is bloomberg special coverage of the brexit vote on bloomberg television and radio. let's go to first word news. after the british voters leave the european union, officials within the block want the u.k. out as soon as possible. the european parliament president martin show says britain should file to leave on tuesday. other top brass are repeatedly pressing the brits to move quickly to avoid a time of uncertainty for the remaining 27 countries. the victorious leave campaigners say there is no rush. thee are reports that brexit campaign leader boris johnson will launch his bid to six need david cameron as conservative leader -- succeed david cameron as conservative leader. he has lawmakers that will buy cam. -- that will back him. hillary clinton will address the 84th annua

mark: i mark barton in london. -- i am mark barton in l ondon. -- trade like stocks attracted $6 billioninflows remain 25th, that is the most since the fund was created 14 top -- o and on pace to coverse, alastair marsh the bond market, joining us now, on why this flood into the fixed space. is -- itight to say it has been an inexorable rise over the last few years, but bailey because of what's happening in the bond market, as you say, the streetlights starks -- the bond market is becoming more and more -- harder and harder to trade, harder to get a hold of the bond that you want mers these trade like stocks are cheaper than buying bonds, so just for ease-of-use and ease of access, they are gaining -- mark: does that mean it has a big role to play, going forward? >> i think it started out as a retail product, but you see more and more big institutional investors putting the money into these funds and the assets that they manage is going up and up, and there are some very big firms putting their weight behind it. betty: is there any chance that this could reverse if for some reason liquid

. ♪ mark: this is "bloomberg markets," i mark barton. betty: i am betty liu, new york. markets? mark: it's a similar story, a flight to safety in light of u.s. jobredibly weak numbers, which took everyone by surprise. i can say that, categorically. you look on the bloomberg and the most pessimistic forecast has an increase of 90,000 jobs. that was still way too optimistic, more optimistic than the actual final figure. down, we haveis gains in london, the first daily game this week, mainly because of an increase in mental and minors. at taxes lower, have a look -- the dax is lower. have a look at the industry group, basic resources are benefiting from the weaker dollar, the dollar slumping against a whole array of currencies after the week jobs jobs report.k in the euro, the biggest gain of sincebuys much is 1.8%, december. the biggest gain of the year, still on track for the worst weekly rise and by. 1.8% by up as much as the dollar. this is fascinating. the yield on the u.k. 10 year has fallen to the lowest level on record today, and the yield on the german 10 year has

let's head to the bloomberg with mark barton for your asset check.s is the wonderful gmm function. look at the left-hand column, at the gains we are seeing on some of europe's major equity benchmarks. island up, netherlands up, denmark up, greece up, dax up, belgium up. the biggest gain for the stoxx 600 since february after falling for the third consecutive week. this is the currency:. 2%,british pound is up by the biggest gain since 2008. but we'll talk more about the pound and a second. yields are rising in switzerland, australia, austria, germany, finland, the united kingdom, yields in the u.k. rising to record lows for eight consecutive days prior to friday. we are seeing a risk rally in commodities as well, all because a couple of polls showed that the remain camp are ahead. one poll taken sunday showed remain facts by 45%. reversed positions from its previous survey and also we had a survey by the sunday times, one third of which was conducted before the attacks. and is saidresting to be timed to the killing on thursday and suggested that it m

let's head to the bloomberg with mark barton.ally these markets are trying to look for direction. mark: little changed for sterling after the gdp report, .4%. the big question is to what extent will the economy slow and the current quarter? the expectations are this year, we will see a recession post-brexit. this is the bloomberg pound index. it is rising for the third consecutive day. it fell 2.9% on monday. in rose tuesday, wednesday and it is up on thursday. the total five-day decline, 9.3% 9.3%. on monday, we were sitting on declines, 11%. the is a chart showing differential between the u.k. ten-year and the u.s. 10 year. wind the most -- it widened the most since 2000. the widest since 2000. u.k. bonds are heading toward a 12% ain't in the first half. double the return of u.s. treasuries. that is on the concern that britain will enter a recession will require -- recession which will require further easing from the ecb. the u.s. ten-year is only 12 basis points from a record low. there has been a lot of talk about the ftse 10

mark: and i'm mark barton. this is the european close.ola sturgeon is in brussels meeting with very as leaders. scotland voted 62% to 38% to remain. joining us now is bloomberg's ryan chilcote standing by with alyn smith, a member of the european parliament for scotland who earned a standing ovation the other day telling the eu parliament to not let scotland down. he is also a member of the scottish national party, a passionate believer in europe. just as passionate as the leader of the scottish national party who is now in brussels. thank you very much for joining us. i want to start by asking you. nicola sturgeon. what can she realistically expect to achieve other than a photo up? op? >> it's much more than that. scotland has a strong credible confident government. we have a credible leader. we are united. stalin voted to remain in the eu and we are reaching out to our friends and colleagues across the european continent and wider to make sure scotland's voices heard. today is about opening the doors. do youut what authority have to be

francine: mark barton with your asset check. u.k.lor george osborne well-worn that leaving the eu -- will warn that leaving the eu could spark an economic crisis. remain supporters are battling to turn around a referendum six of theich has opinion polls giving a lead to the exit campaign. we welcome matthew good when and graham sharp -- and william hill . graham, let me start out with you because the bookies and polls now have the brexit slightly ahead. graham: bookmakers are asking people how they think things will pan out but i think the two are interrelated. sometimes people are influenced by what the polling says so they are related. francine: how would you explain this game from last week? it looks like a done deal when we were odds of one to seven. now it is right down to eight to 15 so for 15 you can win a profit of eight. it is the closest it has been since we open books. francine: is it safety in numbers? >> the truth as we are not entirely sure what is going on but we know over the last eight opinion polls -- 11 opinion pol

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francine: mark barton with your asset check.tain's membership in the european union hangs in the balance ahead of tomorrow plus referendum. -- tomorrow's referendum. karan bilimoria is a remain campaigner and liam fox is supporting a vote to leave. thank you so much for joining us. you are on opposing sides of the debate but first a very innocuous question. we have the sun today and the front page with the queen on it and it is getting more and more personal. they decided to put david say,on on the front and look into his eyes and vote leave. no matter what happens on friday, what will be the legacy? >> i think to bring the queen into this is absolutely wrong. she stays neutral and all of these matters. the situation is so serious that i do not think people have grasped the magnitude of this. we are being told vote leave and take control. take control? we already have control. vote leave because we have lost our sovereignty. we have our sovereignty at the moment. the euro is a disaster but we are not in it. we are in the europea

i am vonnie quinn in new york along with mark barton in london.y has a new life -- craft cocktails -- a new bar on the vegas strip is out to add another kind of serious to the city. here is a look at how they are shaking things up. ♪ >> vegas -- it is the heart of the trekking establishment, where the top quattro nightclubs boast over three -- top four nightclubs those over $3 billion in revenue. they are looking to disrupted by serving craft cocktails to the masses. >> we believe good drinks can happen anywhere, even in vegas, even a place that is accustomed to crazy volume, bottle service, and that mixers. have growncktails and sky fall is banking on that phenomenon. devon: i feel we had a path that was clear when we came in, and we are pushing it further. >> sky fall is the latest bar for the guys behind the famous new york city speakeasy death and co. this is the first time the team will take on sin city. devon: we push some of the ingredients on the menu, and much to our delight, people are cool with it. >> bottle service can account to up to

cheryl: he gives back by volunteering at the clara barton national historic site. he did a lot by him something like that that you realize there is so much out there. elias plans to keep traveling as new national sites are added to the list. cheryl conner, abc 7 news. kellye: looks like the weather cooperated for him, but tomorrow is different? steve: a few showers come a little break in the action in the early afternoon. that is nothe sun, good news for later in the day in terms of the storms. that will only fuel them stronger. 75 degrees right now at reagan national, the high today 82. sunshinerm once the came out. 75 leesburg, 73 frederick, 75 hagerstown. lower 70's cumberland, winchester 73. it is warm and humid. it the overnight. we are likely to hear some rumbles of thunder, especially south of d.c. early in the morning. the nasty weather is well to the south and west, harrisonburg, charlottesville. that is where you have strong thunderstorms. andonly a lot of thunder lightning, but heavy downpours and the potential of flash flooding. this moves off to the no

he also volunteers at the clara barton national historic site. we'll have much more of on him in his life coming up at 11 p.m. the fourth annual awesome- con is underway at the washington convention center. it is a must-see for fans of superheroes, comic books, and other pop-culture. celebrity guests include filmmaker kevin smith, and carl , dr. mccoy in the new "star trek" films. good news for delta passengers -- in-flight entertainment will soon be free. this is for domestic and international flights. free entertainment will start july 1. there will be shows, music, and games available on seatback screens or personal mobile devices through onboard wi-fi. massive ahead -- flooding is just the first problem in texas. the new concern for them that is even more deadly. and we are on storm watch tonight with potentially rough weather on the way. kellye: rescue workers in texas have a monumental effort they are facing. this is completely evacuated after the flood. dooreople are taking boats to door to make sure nobody is trapped into crack donating n

mark barton's son, daniel, was gunned down that day in sandy hook, and mark barton gets up every morning. he can't be alone in his house with the rest of his family because that was his special time with his son, daniel, so he needs to leave the house. he needs to go do something else and then he goes on the road and he travels this great country and talks to other americans about how we can and we must stop the epidemic of gun violence. if he can get up every day and do that, we can do our jobs in this house of representatives. it's time for the speaker to call these bills this week and allow us a vote. thank you very much. [applause] >> no bill, no break! no bill, no break! ms. pelosi: congresswoman robin kelly also of illinois. ms. kelly: hi. my name is robin kelly and represent the second district of illinois which is the chicagoland area. you already heard my colleague talk about the carnage we deal with every day, but i ask the question -- just who has to be shot and how many have to die before we do anything? it's not a colleague, gabby gifford. it's not a children in elementary s

susanne walker barton is live on where the fed may raise rates.yan chilcote talks about the oil company spending cuts. let's start with janet yellen and the fed. june appears to be out. september is not a sure bet. that's the take from investors. has beenonomy recently affected by a mix of countervailing forces. to expect reasons that the positive forces supporting employment growth and higher inflation will continue to outweigh the negative ones. amanda: susanne walker barton joins us now. let's start with how the market is interpreting this. do we get a sense that september may even be off the table? >> it may be off the table. the bond market is now thinking the fed they raise rates by the end of the year. have recalibrated. -- they have recalibrated. july is off the table. janet yellen acknowledged the weakness in the may payrolls. and we have the brexit vote hanging around. the bond market is reading this as yes, the fed is going to be gradual and it may just be one rate hike for the rest of the year. amanda: often the bond market will ignore

and -- collar what barton.etro delay we have a green line delay to branch of a disable dab train outside pg plaza so please be prepared to that one. you can see the freeway east and slow on the southbound side frof 50 all the way down past eastern avenue. 50 inbound very slow-movingw- traffic as well and outside thet beltway, baltimore washington parkway north and southbound byd powder mill road slow.oa slo 95 southbound the icc to theo t beltway jams and 395 stop gone traffic from the springfield sid interchange all the way up pastp king street to the 14th streeths bridge. wisdom, back to you.om, back to. >>> all right. thank you very much, err rip. >>> the supreme court is saidveo close out its term today by b handing out rulings in three major cases.major let's take look at those cases right knowledge big in this ar area. the appeal of former have a have governor bob money connelley c hoping the high court willigcour overturn his public corruptionoo convict.co also big abortion, a case out ou the texas could

now the barton family and nine other newtown plaintiffs are fighting to sue remington arms, the makerthe bushmaster ar-15-style rifle used in the attack. along with the distributor and seller. >> assault weapons with high-capacity magazines have no practical application in the hands of untrained civilians. >> reporter: the lawsuit claims remington knowingly exploited the rifles' militaristic and destructive nature in ads geared toward civilians. >> the argument might be that this is the best way for us to market our product -- >> it's irresponsible when people are dying. and it's targeted at these disenfranchised, violent young men. >> reporter: remington insists a 2005 federal law protects the firearms industry against most claims when guns are misused. in a recent motion to dismiss the lawsuit, lawyers for the company said the law makes it immune from the claim that it acted unlawfully. >> they do not want to see the doors open to litigation when there are mass killings or any killings with their product. >> reporter: the ar-15 is one of the most popular weapons in the u.s. with sev

eu member states in particular could try to drive a hard barton that's a hard b bargain too discourage other countries from leaving. >> relationships with eu will be cap sooner or later. also joinu.k. could the free trade association, including norway, and switzerland. annette: another european leader who has held a f press conference is german chancellor angela merkel. jessica, what did the chancellor have to say? jessica: i think we have seen that she is disappointed with the reactions of many across the leader -- she gave a typical angela merkel press conference, where she did not want to incite panic. disappointmenter with the british referendum, but she said lessons would be learned from this and it was now ,ime for europe to move forward and there were consequences that she said there would take days, weeks, and month to discuss. she is buying quite a lot of time. weird for many other politicians in europe, saying a quicker brexit would be less painful of a solution. angela merkel also took the time to reiterate the importance of the eu, saying it was important that the 27 member

clara barton is the author of "witness to the revolution." that's the book. also joining me is the reporter who was kicked out of that trump rally last night. give us a lively account, if you will, or at least a true one of what happened to you? >> sure, i'll try to do both pip came into this rally on a general admission ticket. recently, the campaign has been denying my credentials. they sometimes go back and forth on this. i sat down next to the wall behind one of the press pens, in a general admission area, took out my laptop and started typing away, and within a few minutes, a staffer came up to me, asked me if i had credentials. i said, i didn't. explained that i cover the campaign regularly and have for months. he took my name, consulted with his superiors, came back with a security guard and they sent me on my merry way, despite a few protests that i lodged on my way out. >> you look in good shape now. keep it up. you've got to get in when you've got to get in. this idea of a book you've written about, the '69-'70 period, where i would say the anti-war