bhp billiton has come through with its third-quarter numbers, up by 2%. japanese yen, it has been tokening, giving a boost japanese equities, but we are seeing it a little stronger at the moment, up by a 10th of 1% against the greenback. get tooy, nothing to concerned about, because were still seeing that big pickup and japanese equities. rishaad: right, kohl's just closed in new york, and front runners hillary clinton donald trump hoping for big wins. just closed in new york, and front runners hillary clinton and donald trump hoping for big wins. we have the latest from new york. what are we seeing from the early polls. point,re seeing at this early calls for donald trump projected to have won this contest in new york. it is too soon to say for hillary for certain, but both widely expected to win tonight. they have both scheduled their victory parties in new york or the other candidates have moved on to next week's contests. absolutely, is new york a real game changer? it is one of the biggest states. to make up for the rough patches we have seen in the

a 4.4% decline in first-quarter kuob.s for you and miners in australia, bhp billiton up 3%. , in japany particular, led by tech stocks. we had that plunge and apple suppliers yesterday, but now we are back. up by at least the highest since 2001, outside of 16% -- also up by alps electric also up by 16%. corporation, household chemical maker, seeing a surge of 5%. 73% and netsive income, 52% and operating costs, for the first quarter. we are seeing this tech stock driven rally, quite different than yesterday. rishaad: absolutely, looking at samsung, shares dipping. a share buyback worth $1.8 billion. it was mostly a beat, wasn't it? yvonne: the early release of off.y s7 paid s7 had a better performance than its predecessor. some say this phone will be the androidning an smartphone in 2016. net income rose, operating profit also above forecasts at $5.8 billion, and samsung announced it will buy back $1.7 billion of shares. this is the second round sent samsung made the announcement last year. $43.4 billion.o still off of what we saw in the fourth quarter, but still a beat, thanks to the

bhp billiton down by 2%. looking like a bit of a downbeat day across the region today. a lot for that. mitsubishi motors losing 40% of its market value in two days, shares plunging for a third day because of the fuel economy cheating scandal. let's find out what's going on. mitsubishi shares are nosediving today after finally starting to trade. not tradedas yesterday because nobody wanted to buy, while everyone else wanted to sell. instead, the tokyo stock exchange had to set a closing price, a 20% drop from wednesday, when it already lost 15%. has now erased more than 40% of its value since the scandal broke, and is worth $4.5 billion. mitsubishi admitted to cheating japan by0 minicars in understating how much air and tire resistance they encounter on the road, but now we are hearing from a local newspaper that this issue may include more mitsubishi models, that is on top of the models we already know about. japan's transport ministry said it is continuing its investigation of mitsubishi and will inspect its plants today as well. authorities have said that mitsubishi s

sot the moment that's no bhp billiton with a dierence there.ing for delates is a roughh and tumble enterprise righnow. we've got you ve team fox buness coverage of the race for the white house. coell mcshane is live in westchesr,ennsylvavania, where donald tmp is expected to hold a rally at the topf the hour. he's had back toack llieies, and je fck is in columbus, india, where he just spoke t senatotecruz when the senator stoppefoice cream. but we're going to bin i pennlvania because donald trump fighting f this twpronged attack at this hour, gornor kasich and senator cruz grouound over the weekd looking at a comn enemy, and that's donald trp. they're coordinating the mpgn strategies to try t to take dn e billionaire frt-runner. under the let'call it an arrangement, kasich llake a step back from campaning in diana in o order to let his supporters back ted cruzwhile thtexas senatois doing the t same for kasich in orego anand nemexico. d trump? could he aually be getting a little nervous, hiring yet another degate advdviser to shore up the23deleg

there are the miners, 4% for bhp billiton. to look the bank sector. down 3.03%.down 2% rate budget in frankfurt down 3%. rippling through the bond market as well. hans: limited to my chart. nothing shows you what is happening better than what is happening with the german bund. it is down. this is the last 30 days. we are all the way down below. we are at 0.9%. that gives you a sense of how far it has fallen. that is zero, guide. -- that is zero, guy. what is driving the sentiment is the panama papers. draggedlations have sentiments. they have dropped the share price lower. referrals to other firms for help setting up shell companies. jimmberg spoke to tidjane --tidjane thiam on the subject. tidjane: i continue what our pencils are which will only allow -- legitimate legal purpose. we see tax compliance. otherwise we are asked to leave. with thoseperate standards. hans: let's get to one of the reporters that is been covering this. greg, you are on the story. the big question seems to be is this a storm in a teacup? or is this a tip of an iceberg? greg: probably a

bhp billiton has cut production because of bad weather. -- iron oreere up prices were up 34% on the yeare hyde, thank you so much. this is a great pleasure, seth masters with us from bernstein, their chief investment officer. he is truly definitive on the retirement crisis of america. we are going to delay that today. right now, though, on the markets, wonderful to have you here. the basic idea you have and that i observe is that we have a quiet vix market, but you have a " around that. seth: there is lots of structural risk around the world, and that means that even though things are quiet right at the moment, that could change at any time. that is the question -- how do you take advantage of that, avoid the pitfalls of the spikes and risks when it happened, but -- note, love your research the idea of, ok, we are here, but as we react, we have to have a this custody to it, react slower. why -- we have to have a this osity to it.isc seth: in the heat of the moment, economicals drive success. in a risk-on, risk-off market, moment and be helpful for a little while, and incredibly damaging

the world's biggest miner come at bhp billiton cut iron ore production for its australian mines by 4% of bad weather and rail network maintenance. iron ore prices are up 44% this year. scarlet: another warning on the impact of the u.k. leaving the european union. mark carney says the city of london should expect its role in the global financial system to fade if the u.k. pulls out of the eu. carney defended the central bank intervention in the eu debate saying it would be political for him to suppress important judgments. there may be a debt crisis brewing. former bank of england governor mervyn king spoke about the potential risks and repercussions. >> we are seeing it already. major potential problems in europe with banking and sovereign debt. i think you can see in china with some of the state owned enterprises defaulting on their loans this is going to become more common. scarlet: it is time for our quick take where we provide background on issues of interest. for decades the zika virus was considered no great threat to anyone but with mosquito borne virus spreading through the ,

data, helping things like material stocks, all been strong, so you're steel stocks like midtall, bhp billiton, glen corp., all those stocks up here. banks in the u.s., jpmorgan strong and all of the other stocks in that group up about 4%. key point here, banks underperformed throughout the whole year, under 10%, underowned and unloved. this rally today is a nice reminder that there might be some value out there. back to you. >> bob, thank you very much. >>> dom chu is joining us now. he's been doing digging and sector sorting looking into valuations and maybe potential warning signs. >> bob talked about the financials being a huge laggard and for such a long time throughout the course of modern market history people looked at them as dividend payers. i want to show you what i'm talking about here. it has been no secret we highlighted a number of times how consumer staples, the people who make soup and packaged food products have been doing really good in this market, near record highs because people want the dividend yield associated with them. if you look at the consumer staples sector it tr

you have all of them, anglo, rio and bhp billiton. of analyst actions that will move shares or are moving shares into the trade right now. marriott shares were cut from an upper former -- of an outperform is ad analyst say it valuation call. despite the fact that shares are up 1.1% so far this year, they upside opportunities are in balance at these prices. that is marriott. let's take a look at spirit airlines in the travel world. shares downgraded to neutral from overweight. jpmorgan also name a valuation shares that have gained one third this year. jamie baker analyst says it is making more sense as far as valuations. finally, a big stock for the dow jones and u.s. the economy, boeing had a downgrade at bank of america merrill lynch that we told you about earlier. ron epstein has concerns of the cash flow from the airline of program and says --t going to generate just that boeing will generate $60 million in cash. -- $16 million in cash. jonathan: thank you. i want to bring your attention to a trade map. , ilondon, the obvious trade