here's david inglis. david: thanks, guy.et's get started with lufthansa and air berlin, canceling more than 900 flights this week alone, public workers demanding a 6% pay increase. cancer sick -- cancel 60% of those flights today -- lufthansa will cancel 60% of those flights today. first quarter adjusted earnings for the energy producer, $1.64 billion. that's more than $1.25 billion seen in a bloomberg survey. profit was about 37% lower than a previous figure amid a slump in crude prices. statoil has reported a first quarter profit surprising analysts who expected a loss. the oil company announced adjusted profits of $122 million to the market predicted the norwegian energy producer would be $125 million the opposite way in the red. adidas has raised its profit forecast. income up 15% to 18% this year. also raised its 2016 sales outlook. now to check twitter, taking a tumble after missing estimates for revenue projections. it is expecting second-quarter sales to be lower than $610 million. analysts were projecting $677 milli

let's get to the bloomberg first new david inglis. u.k.mer confidence has followed to the lowest level since 2014 amid concerns of the impact of the eu referendum. they fell to minus three from zero back in march. a measure of economic drop to -14 to -12 which is the lowest reading in almost a year. icahn said herl sold his stake in apple over concerned about the company's relationship with china. this month, china shut down apples service showing the company isn't immune to the reach of beijing regulators. the former white house speaker john boehner says he would back a donald trump for president in november and would not vote for ted cruz, boehner described cruz as "lucifer in the flesh." he also said that he and trump have play the golf together. cruz says comments like that are why he and carly fiorina are better choice for the white house. was covered by a fifa insurance policy according to a u.s. judge. that is stemming from his extraditing to the united states. global news 24 hours a day powered by our more than 2400 journalists aro

here's david inglis. david: good to see you again. let's start things off in the u.s.d trump has declared himself the presumptive nominee or the republican party. victorye as he swept to in all five northeastern states holding primaries tuesday. democrat hillary clinton beat bernie sanders in four of five. the winds at pressure on their challengers to show they remain viable in the race for the white house. spain is headed for new elections after parliament failed to select a prime minister for the first time in its democratic history. kingsley penn called a halt to last night. he concluded none of the candidates had enough support to win. june 26 is the likely date for the new poll. the australian dollar has weakened quite a bit. inflation unexpectedly dropped during the first quarter. cpi falling .2%, while economists had predicted a 0.2% gain. as low-inflation advances in australia, one region well appointed with the phenomenon is struggling to diff eat it. the ecb has adopted several unconventional monetary policies to that end but has been unable to vanquish stubb

david inglis is here with the first word news. david: a big story there and of course, let's take a look at the y en. it is surging. ine of half the economists the bloomberg survey had predicted action from the central bank. this underscores the challenge in japan of breaking free from deflation. in the u.s., the fed skips an interest rate hike for the third straight meeting. in a statement, the fomc repeated language that global, economic, and financial development continue to pose risks. instead, officials said they would closely monitor the world situation. and deutsche bank is posting a first-quarter profit, defying analysts. they still down 61% from the year earlier. the co ceo is drinking europe's biggest investment bank. they are trying to restore market confidence. global news 24 hours a day, powered by 2400 journalists in more than 150 news bureaus around the world. you can find more stories on the bloomberg. .ind top guy: there we go. kuroda following the decision not to do anything on the stimulus front out of japan.

manus: david inglis is standing by in hong kong. crash, y, the car talking about markets.et's talk about what happened in dohar. talks have failed to reach a deal on freezing production. a bid tothered in stabilize the global market. by with aare standing very special guest. take it away. reporter: i am very pleased to say that i am joined by the armani oil minister. it is great to have you with us this morning. first of all, no deal here. were you disappointed or surprised? >> disappointed, yes. but i kind of expected that there would be problems. there were many talks about iran not joining and saudi's insisting on having iran on board. so, yes, in hindsight. on saturday night, word leaked that there was a draft. the venezuelans were on board. but then, some countries, without naming names, change their positions right before the summit. onyes, when we arrived saturday we were told that we had a draft, we had a deal. and then the whole thing would be done in a few hours, to just sign the deal and leave. unfortunately, it did not happen. >> was this because of the saudi's

themestay with the asian and get back to hong kong with david inglis. combination of moves in the japanese currency and a weakening oil price not good for stocks this morning, it seems. david: spot on. that is going to do it across the equity section. let me flesh that out dollar-yen. there was quite a move up on friday given the news of what might come. in any case, we are seeing dollar-yen, up slightly. to 111 at theser moment. by carla -- keep in mind , the strengthening of the yen is enough to push the japanese currency stronger against every single one of its major counterparts so far this morning. have a look at where brent is at the moment. .oming up 1.4% the oil prices last week touched a five-month high. correlation between stocks and oil prices. in of the major catalysts the rally, apart from central banks coming in. that is doing enough to take equities off their highs. concerned,sia is asian stocks are up 18% compared to the bottom back in february. lacke moment, there is a of catalysts. really pushing investors to hit the cell button. wedne