here is first word news with courtney collins.raghipresident mario says the european economy has turned a corner. but the job market is lagging behind. draghi says threats to growth are now balanced and he may cut rates again. he warned nothing has changed on inflation and employment and says they need to taper the ecb's 2.6 dollars trillion bond buying program. the man once seen as a potential successor to jpmorgan's jamie dimon is leaving the market after 13 years. operator inief 2012. his rapid rise of saw him in the running for the top job. zames wasnot say why leaving. he says he is sad to see him go but respect his decision. a defiant tone in continuing isolation, saying it can expand the pressure for as long as necessary. have arabia and its allies yet to submit demand to resolve the crisis, which has seen diplomatic ties severed, along with land, sea, and air links. shiite militants could destabilize the gulf. moody's has launched an appeal against the judgment it broke qualcomm regulatory codes of conduct, which resulted

let's get the first word news with courtney collins in new york. : the biggest angst in the u.s. have cleared the first hurdle in the fed's latest stress test, indicating there more able to withstand future stocks. all 34 beat the minimum threshold. morgan stanley brought up the rear for the second year in a row. dealest assesses how banks with hypothetical turmoil such as an extended stocks slump or housing crash. central bank has raised costs for a second straight time. the most hawkish authority in g20 extended its hiking cycle, from gasoline to farm products. the decision is congruent with convergence of influent -- inflation 23% target. analysts say that means at the hiking cycle is over. indian prime minister narendra modi heads to new york to convince donald trump to allow skilled workers in america. he will attempt to explain how the schemas benefited host countries, boosting u.s. innovation and competitiveness. the indian i.t. trade body says 75% of u.s. tech companies use indian services. tesla is working with the shanghai city government

you caught up with some of the news heading across the region with the first word news with courtney collins. courtney: let's get you caught up in mario draghi says the eurozone economy has turned the corner but the job market is lagging behind. draghi has finally been saying that threats to growth are balanced and he may cut rates again. he warned that nothing has really changed on inflation and employment and said little about how to taper the ecb's $2.6 billion on buying program can the man once seen as a potential successor to jpmorgan's jamie dimon is leaving after 13 years. co-chief operating officer in july, 2012. his rapid rise saw him in the running for the top job. diamon did not say why zmes is leaving. he added he respects his decision. is striking a defiant tone is saying it can withstand the pressure for as long as necessary. doha says saudi arabia and its allies have yet to submit any demands to resolve the crisis, which has seen diplomatic ties severed along with land, sea and air links. qatar is accused of supporting sunni groups and shiite militants to destabilize the gulf.

let's get to first word news with courtney collins in new york. urtney: brings it dominated -- brexit dominated the u.k. program by theresa may. thew bills to ease withdrawal from the european union. it telestrates the prime minister's weak position since the snap election, forced to ditch unpopular proposals and sticks to bills she thinks she can win in parliament. the saudi stock exchange market jumped the most on three catalysts. the promotion of the king's son to crown prince. previously enacted benefits would be restored to workers for the state. banks with the biggest winners, although all members of the index advanced. the mexican finance minister says the central bank is probably near the end of its tightening cycle and may be able to cut rates by the end of the year. told bloomberg inflation is likely to slow below 4%. he sees a couple more rates hikes before borrowing costs come down. with the markets are seeing is potentially another couple increases each year. it's starting to predict interest rates could be going down. -- takata isecte

i am courtney collins. this is bloomberg.vonne: we have been talking about central banks setting the tone on global markets, as we heard from a series of speakers portugal. for them in andonditions have improved, there have been record high profits. however, they are still cautious spending,easing including investment. >> some removal of monetary policy stimulus will be necessary if the trade-off they face continues to sessen -- continues to lessen. , it becomes more conventional. >> monetary policy should not be further burdened. we can't underestimate the importance of the innovation of productivity and growth. they are very important in informing our monetary policy. betty: a chorus of central-bank voices. joining us is guggenheim partners global cio, scott minor. he is also an advisor to the new york fed. great to see you again. what did you make of the central bankers indicating some of them are ready to tighten? scott: i took the message differently, especially draghi's comments from yesterday. saying,what he is things

i am courtney collins, this is bloomberg.etty: let's get back to our top story, one that is generate -- generating this reaction around the world. president trump pulling the u.s. from the paris climate pact, saying it is unfair to u.s. workers in the economy. mr. trump: the reality is, that withdrawing is in america's economic interest and will not matter much to the climate. the united states under the trump administration will continue to be the cleanest and most environmentally friendly country on earth. betty: let's get straight to washington to our white house reporter. tell us a little more about the mood during that conference and the immediate reaction. reporter: the immediate reaction was pretty swiftly negative, despite trump having worked so hard on this appeal of being a pro-business president, surrounding himself with ceos, many of the ceos he has brought into the white house he has used to bolster his pro-business agenda came out very strongly against this. from banking to to tech, they have been encouraging th

i am courtney collins. this is bloomberg.etty: renewed selling an attack sender -- sector, sending u.s. equities tumbling. with more onenan the tech selloff, yet again. banke saw rotation in stocks, they were flying, tech was dying. was at its worst, lowest since brexit. take a look at the way we closed. for itshe nasdaq headed worst days since tuesday. it is an improvement from a drop in the selloff. big, standout stocks, they are all tax bones. especiallya big hit, as it loses to nvidia. t, the maker of a robotic vacuum cleaner taking a big hit as a short seller announcing they see the stock going down much lower from here. volatility hard to get rid of. the hottest risks on trade, the stocks.tocks -- fang let's look at the bloomberg. at the top come on the white line is a huge take off in fang stocks. it shows tech stocks are worse for wear. it is a dramatic separation in terms of the directions the two industries are going in. yvonne: let's talk about the banks, the rally kicked off yesterday after the fed a stress test.

we will have more detailed as we get them to the now, first word news with courtney collins. courtney: first up, the pressure is building on anbang insurance with local banks being told to cut ties. the chairman is already in detention and authorities are now said to have ordered lenders to suspend some business dealings spirit we are told at least six large banks have stopped selling anbang policies in their branches. their business model sees 90% of its products offered through banks. takataing airbag maker may file for bankruptcy within days. it could seek protection in japan first with its u.s. subsidiary filing for chapter 11 afterwards. takata's potentially lethal products are linked to 17 deaths worldwide. the liabilities exceed $90 billion and it is in the process of replacing 100 million airbags around the world. holdings in u.s. treasuries rose for a third straight month in april. it reached the highest in six stabilizes.e yuan the ownership of bonds, notes, and bills, rose to just over $1 trillion. by contrast, the largest non-us that, japan,us reduced its total dow

i am courtney collins, this is bloomberg. investigating the motives of the man who shot and wounded a top house fourlicans, for -- and other people outside washington. tell us what we know about the shooter, who was shot dead? >> he has a history of several an allegedcluding violent incident in which he struck somebody and fired a shotgun. he also has a history of incendiary political language on social media. he was cast to getting donald igating donald trump and other republicans in recent posts. neighbors said he is been firing guns at his property in rural illinois, as well. betty: we knew he was a bernie sanders supporter. are thereof that, concerns this could become more widespread? is he a lone wolf? what is the mood like on capitol hill? having seen a lot of these shootings over the years, it is hard to know in the first 24 hours like this whether he is a lone wolf or not. that is, whether there could become the cuts are not. the mood here on capitol hill was already very bitter and partisan. i do not see that changin