a little on the negative when it comes to the dax. see a tough trade when it comes to german auto stocks. the london market could open absolutely flap -- flat.

saw a bit of a recovery but look at this look at the dax trading today the market still has the jitters and most traders here are convinced that those jitters are likely to stay and that italy will be preoccupying investors for a while what about italy's ability to finance itself because that's been one of the biggest worries on markets. yes and you already mentioned that the average ilda on the ten year government bond has come down from the four year high it had reached yesterday today and the auction happened of view italian government bonds which went a but it also showed that the healed here the interest that italy has to pay on its debt was significantly higher than at the last auction of that kind about three percent for the ten year bonds that's about one point three percentage points higher than at the last auction quite a significant step so here the price the markets are also pricing in a bore isc. could have been in frankfurt thank you. the next risky situation and it's their last chance european officials are trying to hold back the u.s. from hiking tariffs and we see the m

we do not have a dax number, we will wait to see how it opens.iday yesterday, it may take longer to get things going. the dax, and smi, still nothing. 0.5%.se is trading up by let's show you what is going on with the movers screen. numbersgot italian coming back. yesterday, some of these businesses were ex dividend. let's look at the bottom end of the market and show you what is going on there. some of the french financials, and french stocks are going ex dividend today. talk about ack and story we were mentioning, what is happening with the carmakers. china on imported cars will cut from 25% to 15%. we got some numbers to show you what the story is on those. emma, is this what the market anticipated? emma: that's right. china would say for a number of years that donald trump is tried to take credit for it at various times. it, butet was expecting it is good to see china looking like it is acting upon it, and quite a big drop in that tariff to 15%, benefiting automakers in the luxury sector which tend to not have as many corporations in china. bi

adidas trading down by about 2.27 on the dax.omberg. ♪ guy: 13 minutes into the equity market session this morning. there are stories definitely worth focusing on this morning. >> let's start with adidas. revenue continues to grow as they deal with currency swings. sales rose 9% or 10% but we see the stock down more than 2% this morning. i'm starting to wonder if this has anything to do with their partnership with kanye west. he made some controversial comments about slavery. there have yet to be discussions about dropping pimm. bayer up .6% but has cut its forecast for the year. they said sales would be less than 35 billion euros this year but said the deal with monsanto should be done by thened of the quarter. finally, societe generale up .7% nearing an agreement that they are willing to pay as much as $1 billion to settle two probes. one with the libor rating and the other about allegations of bribery in libya. they report earnings tomorrow. this stock will be in no n focus today and tomorrow. they are outpacing the euro stoxx

the dax the clear leader up almost 0.64% the cac 40 is up 0.10 %. the ftse mib trading just above the flat line. looking at sectors across europe media is performing well retail is up 0.60% that sector bouncing well with some numbers you can see oil and gas among one of the main losers so far. the energy sector down 0.50% looking at oil, a major factor in the market movements over the last few days. both wti crude and brent are in positive territory, up around three quarters of a percent. brent trading as close as $78 per barrel that's a lot to do with this major story. european leaders are scrambling to preserve the iranian nuclear deal after president trump ended u.s. involvement in the agreement and vowed to reimpose sanctions on tehran. the french president has taken the lead on this effort calling hassan rouhani to assure him the deal was still alive macron urged the agreement's remaining signatory countries to stay the course. the leaders of germany have echoed those sentiments. >> i think it's a mistake, that's why us europeans have decided t

the dax in germany are better than 1%.lower across the board as you see. following the crumbs trail. mike pence over her assault on a tax reform bill. he spoke yesterday about the parade of bonuses from businesses across the country. >> not everyone thinks these tax-cut bonuses are a big deal. last year you had companies all over the country passing out thousand dollar bonuses at the end of the year. when our kids were little, we had another thousand dollars in my paycheck at the end of the year. christmas. maria: the vice presidents message to pose the issue of reclaim the role as speaker of the house. overstepping the bounds. special counsel robert mueller raises the possibility of a presidential subpoena during a meeting with president terms legal team. the latest leak out of this investigation that means my interview with the president from last april. one of those questions involves what the president will be in that interview. united is adopting a new pet policy. the rigorous new rules after serious controversies ear

dax down. gerri: mix. coming up, finally some justice as the fcc hits robo caller with massive million dollar fine, you go justice department. not too late on getting on mother's day deal, mother's day is this weekend. you're watching fbn:am. ♪ ♪ you said you're not like me, ♪ ♪ never drop to your knees, ♪ ♪ look into the sky for a momentary high, ♪ ♪ you never even tried till it's time to say goodbye, bye ♪ ♪ everybody fights for a little bit of light, i believe. ♪ geico motorcycle, great rates for great rides. >> those hostages came out with respect. we didn't pay for them. we are going set the table. we are going to make a great deal for the world. cheryl: three americans freed from north korea, president trump is gearing up for historic meeting with kim jong un. singapore, that's the place, we've got a live report from washington coming up. gerri: stocks got a big lift yesterday an inflation worries and volatility eases, the goldilockses economy, people. cheryl: oil fell back overnight from recent high

the dax and the smi take a little bit longer to open up.were hit harder yesterday after reports that deutsche bank holds 1.3 billion euros worth of italian debt. that is a concern obviously that is weighing on banks across the continent. .3%.ac down that number may recover a little bit unless it is the banks really dragging. the ibex which was way down heavily yesterday after concerns that mario's stability and leadership position coming back yesterday. ftse to open at the bottom of the screen. it was down more than 2% yesterday and monday. you can see a real bounce today now up .8%.and investors may be thinking that things were a little oversold when it came to the periphery. that is why you see a little bit of bounce here in spain. you'll probably see the same in portugal. the interesting thing to watch will be what happens on the cac and it dax as those banks hold italian debt. will they continue to slide today? let's see how things are shaping up across the industry groups on the bloomberg europe 500. we can see a lot of red there, espe

the dax in germany is lower. the strength on wall street preaching hate composite bounced back one and three quarters of a percent. president trump said to make good on a trade threat. the white house expected to hit the european union but tariffs on steel and aluminum. the exemption ends this week are details on what comes next. secretary of state mike pompeo begin a serious meeting with north korean officials last night. the white house is optimistic about the singapore

gerri: difficult to see, dax up 24. in asia japanese traders, well, they are still on holiday but the rest of asia under pressure as everyone is watching the u.s. and china and the trade talks, shanghai and south korea both down over 1%. gerri: ceo of nike forced to apologize to all of his employees, fbn:am continues right now. ♪ ♪ cheryl: 25:30 a.m. in new york, i'm cheryl casone. gerri: and i'm gerri willis in for lauren simonetti. cheryl: giuliani acknowledging that michael cohen paid stormy daniels to stop her from making embarrassing allegations against the president. >> this was never about the campaign. it's about personal reputation. the money wasn't paid to help the campaign or hurt the campaign, the money was paid because of the embarrassment in an allegation like this. maria: right. >> people pay that kind of money even when it's not true. cheryl: president trump repaid cohen, is giuliani helping or hurting. good morning. >> good morning, cheryl. cheryl: he's saying that this is common practice, celebrities,

markets will be closed today, but you see the dax up 0.3%.ter a massive drop, it is now up. the bank is leading the way. the ibex in madrid also getting 0.7%, even with the turmoil surrounding the government. let's talk more about the outlook for equities globally. economicsays a robust outlook in the expectation of further u.s. rate rises points to a continuation of outperformance for cyclical sectors. but he says valuations are starting to get more stretched. tilmann galler, global market strategist at jpmorgan asset management is still with us. tilmann, do you think u.s. valuations look stretched here as opposed to the european and japanese valuations? european and japanese stocks are probably a bit cheaper than the u.s. admitnerally, you have to that after the correction we have seen in the last months and after the strong earnings especially in the u.s. we saw, even in the u.s. equities, they do not particularly look expensive. they are not cheap anymore, but they are not expensive either. matt: is there a concern, wemann, that the balan

dax down, has is the caca. and spanish stocks are down more than 52%.r attention to one of them, panko santander. we told you earlier that intesa is closed in the line because -- in milan. santander in the spanish banks are also getting hit hard by the scandal surrounding mariano rivera and the situation he has to make, whether he will agree and hold elections later this in return for them supporting him in a no-confidence vote, or whether he will get thrown out of office. santander getting hit hard, down 4.5%, the biggest loser on the stoxx 600. the dashboard showing you the volume as well, absolutely soaring over the 20 day average, as the stock absolutely tanks. on the stoxx 600, we are looking at a market where 571 stocks are down, only 27 are gaining. it's an incredibly risk off market. stay with us on bloomberg television. "surveillance" will take you through the bloodbath next. the former greek finance minister will be joining them. catch that interview at half past 10:00. this is bloomberg. ♪ . . . francine: bond blowout. the italian two-year yi

it takes the dax a couple of minutes to open up.s not that interesting, the dax opens right up. guy: from index point of view, pretty dull out there. matt: at least in germany, maybe not here. guy: exciting. matt: it's all relative. in terms of what we are seeing out there, financials generally look good. matt: look at i.t.. i.t. is down today which is interesting. you are going to expect the chipmakers to do well after apple's results. it looks like the tech sector right now is down, at least on the bloomberg 500. guy: maybe it just takes a while. household,ave the sorry the health care stocks rising as well. sectorse of those rising up, but i.t. looks to be a mixed trade today. let's reassess ourselves where we are. most of europe is now open. i don't think it is that exciting. many of these markets closed yesterday, barely budging this morning. a lot of asian markets are going to be closed as well for golden week. closed, open, closed, and china is also going to be on pause because of golden week. let's take a look at the big mov

isck out how the dax performing after seeing the german weakness and growth. above, italytly trading on the back of political concern -- individual stories coming out on the banks. we started the day with the report on barclays, a potential tie up between these companies. ,hifts remaining in the green that particular speculation by bloomberg news reporting. investors and analysts see this as merely having no strategic rationale, but also look at deutsche bank. about one hour ago persaud, we heard they were looking for -- looking to increase the number of job cuts to 10,000 people. then let's have a quick look at the italian bonds deals once again, rising once again. yesterday,reprieve but today, yields are back up. worst costs for italy since june 2016 -- what this means for fiscal discipline in italy. lastly, i want to shine a light on what is the key issue of the moment, the turkish lira. --turkish lira. the biggest weakening we've seen in more than a decade. we will be seeing that much more in the next course of the hour. fall toe are seeing a the low in th

there's a bit of profit taking going on, and the dax. which was at its peak share price in january company takeda which was at its peak share price injanuary but has fallen since then, some of its shareholders perhaps not keen on this takeover. on the british transport company, share price down 10% today, rumours of a takeover bid from us hedge fund called apollo group, they won't go ahead with the takeover, they said, so the share prices down. more business news throughout the afternoon. kate. rachel, thank you. celebrities have gathered at one of new york's most dazzling events: the met ball. the event raises funds for the metropolitan museum of art's costume institute and attracts fashion designers and stars from around the world. this year's theme of "heavenly bodies: fashion and the catholic imagination" inspired some incredible outfits, as our reporter nada tawfik reports. the grand staircase of the met gala was full of divine inspiration. angelic halos, bejewelled crosses, and flowing robes ruled the red carpet. the theme of this

of trading it stood at minus two point seven percent losses in madrid were almost as high the german dax index also lost ground one point five percent. especially bank stocks were on a downhill ride. but it's about more than stock markets wanted to leave central bank the dillies future within the euro zone can only be secure as a reliable partner. to go beyond the reader's simple preserving we have to keep in mind the great risk of losing irreplaceable trust in a short period of time a few do. lovely trust in the strength of our country that beside the patty in the judgments is great. both on an economic and social level a good round so gonna go normally call it should be either. but it's not only italy that needs the euro zone the currency union stability relies on the financial stability of its member to the south. and we can speak to our financial correspondent in new york so fishermans good joins us now sophie what are investors in the united states saying about this drama unfolding in italy. well we have been observing a remarkable reaction in the markets here today and early tradin

the xetra dax down 0.13. in london, the ftse 100 up 0.30. in paris, the cac 40 is up 0.47%. the euro is stronger against the dollar the pound is also stronger against the dollar the dollar is weaker against the yen and the swiss franc. >>> the turkish lira hit the highest level in two weeks as investors welcomed emergency measures by the central bank to simplify its money trar potary framework. the lira hit a record low against the u.s. dollar. moody's has revised down its growth forecast for turkey amid concerns that president erdogan was threatening banks independence erdogan has been vowing to increase control over monetary policy after last month's elek hun. >>> and in china, the official pmi rose to 51.9, and analysts expect a contraction from the previous month the strong figures allayed concerns of a slowdown in china's economy. >>> returning from her trip from sunny paris, joumanna bercetche is here to talk about trade tensions what can you tell us >> it wasn't a sunny trip. >> whenever i saw you it was >> as you imagine at the discussions, trade talks were front and

ftse 36, dax up 45. keeping a close eye and u.s. state mike pompeo visiting north korea appeared stocks mixed in a shed. >> are gmail will soon be able to write e-mails for you. "fbn:am" continues right now. almost 5:30 a.m. in new york on one day, may 9th. gerri willis. cheryl: i am cheryl casone. lots to get to overnight. our top story, anti-american protests breaking out in iran's capital hours after president trump withdraws from the everyday nuclear deal. trading three davida miller live with reaction from around the world. david lee. >> good morning. we are a few hundred yards from syrian territory where the israelis fear that a ring and an iranian proxy groups are planning some type of an attack on israel. specifically standing in the golan heights in this hour and residents have been told to go about their lives as normal. but this comes after a very stressful night. following president trump's announcement that the u.s. was going to pull out of the nuclear deal. the israeli military went on high alert after citing what was

and dax. europe --face, the the 10 year italian yields are surging.loomberg. ♪ ♪ nejra: from bloomberg's european headquarters in london, i am they retreated. acquisition -- nejra cehic. equities finishing up, weakness equities finishing up, weakness coming through on the stoxx 600, it has been treading water and struggling for direction this week. across the regional benchmark from the function, ftse 100 down 2/10 of 1% and the dax up 4/10 of 1% and the cac 40 unchanged earlier and now in the red, down 2/10 of 1%. leaving the losses is the ftse mid, down 1.5%, below is in a month. plan fromgovernment the lead at five star but outstanding questions. suspending plans causing jitters through the markets. but the mid, -- that is how we are shaping up regionally. stoxx 600 in industry groups, you get a sense of what is going on. down 4/10 of 1% on the stoxx 600, on a weekly basis, probably unchanged. a little bit in positive territory. and dust real sleeping on the upside and utilities. .ore industry groups on the red telecom and i.t. leading the losses f

after weeks here with a strong view of the dax has been again over a vote many investors you call the magical thirteen thousand point marks but it's really a difficult situation mostly for emerging markets those have been given those have been actually doing very well lately but they are to affect or is why all of this is really a difficult for them the first is the reversal of capital flows and the other is the less visible threat of a u.s. dollar denominated depth immersion markets use in many cases a lower dollar to shore up their finances so as the dollar becomes more expensive very difficult for these emerging markets to pay off their debts down called thank you very much for that. and that's all to business but don't worry oil back in the next hour if you want more from moscow check us out on twitter on facebook or your business on that thank you very much for watching and so you can see. the. recent his having a close encounter with shots in the adriatic sea. knots marine credits his could soon. aquaculture and environmental pollution is all terms of the problems but the exotic

cac quarante and dax down a third of a percent. in asia overnight, markets mostly higher, worst performer china. japan was doing well and the hang seng and hong kong better than 1% a piece. starbucks slamming gop tax plan after calling the tax overhaul fool's gold, that's next. facebook is bouncing back, social media company recovering over $100 million in value following cambridge scandal. facebook down a fraction this morning. winter is coming, new johnny walker scotch inspired by game of thrones later this hour. all the stories coming up friday, joining me dagen mcdowell, founder and ceo of 32 advisers, former economic adviser to president obama robert wolf, gary b. smith. nice to see you. >> nice to be here. >> very excited. maria: dagen, good morning to you. dagen: so much to talk about particularly the market rally because we've had two days in a row of triple-digit gain on blue chip. we have inflation numbers, no inflation and consumer prices to speak of. there's no wage inflation either, i wonder if that's a worry. maria: t

the reaction from financial markets was livelier conrad i saw that dax dip below. dip down quite dramatically it was basically a vertical line just as that use came out tell me more about the reaction i guess traders think this is going to go on for some time. of course and of course this is not the stuff that traders like you know that's not something to inspire any demand obviously the shares of the steel makers today were hit significantly here in france for two thousand krupa and both in the trading in the red. slapping twenty five percent price increase on european steel products in america that makes a large part of those products uncompetitive in the u.s. but that's not the only problem a steel makers here in europe fear a cascade they think that much of the chinese steel which cannot be sold in america anymore because of the terrorists will eventually end up on the open european markets and of course for very very low prices will tell me cut europe do something about that cut europe put tariffs on chinese steel imports well that's what some of the lobby gro

at this hour in spain madrid's main index the s m s i down by two and a half percent and frankfurt dax down by about one half percent german investors showing signs of nervousness today let's go over to conrad boozer now financial correspondent in frankfurt to find out if this is the beginning of the next euro crisis what do you think. well many investors believe it might be and they believe that all those mechanisms which were introduced in the eurozone after the last year of crisis of the years twenty eleven then twenty twelve were not enough or would not be enough to really deal with serious fall out of italy and off italian debt that the risk of disruption in the euro zone has definitely increased is mostly reflected day on the bond markets where government bonds are traded the deal the average interest rate on. ten year italian government bonds has risen above three percent for the first time in four years and at the same time the german ten year government bond that's the amount of money that germany has to pay on average on its government dead here the yield has fall of below ze

percent a time the regaining a little as you can see there same story for madrid in frankfurt the german dax falling by one and a half percent. bank of italy governor in doubt still biscoe has warned that there are no short cuts when it comes to shrinking his country's public debt he added italy's destiny is bound to that of europe at the unveiling of the central bank's annual report in rome biscoe was also keen to ease fears about the tumbling of shares at the milan stock exchange. really shouldn't reducing the incidence of debt is an essential objective. if the tensions of the last days can be eased the cost of debt will also be reduced. over to correct those in our financial correspondent frank for some reaction to italy's central bank governor he does sound like he has everything under control conrad. of course it has been that's what he's paid for central banks central bankers are the anchor of stability for the financial world mr biscoe really has to use language like this and if i maintain that this is just going away just like that certainly the people i talked to here today don't th

profit it's not even the shares of companies that can benefit from the weaker currency are in demand the dax the whole index more or less is down today and right conrad who's in there reporting for us from the frankfurt stock exchange thank you so much. and that's your business update at this hour here in t w four more you can always follow us on twitter and facebook check it out i'll be back with the latest within the next hour of c.n.n. . take off. he's the world's biggest football star this gentleman i don't. we wanted to find out what tornado is like off the field so we travel to madrid to scout out some of his favorite. to go. watch the destination for your next vacation. why not take a trip to mars. weightlessness and out of this world of humans included. in space science fiction or soon to be a reality. tomorrow today in sixty minutes. quadriga. international talk show. openings. arguments analysis. journalists discuss the topic of the week. quadriga art on t.w. . what does a football loving country need to reach its goals. we'll tell you how german soccer made it back to the top. in

in europe, early going, but stable markets presenting themselves there mostly green the dax in germanyp by 0.2%. the cac in france up by a half percent. just fractional, very marginal weakness for the ftse 100. contessa >> if you dive into the sectors, european automakers and asian automakers are lower after the u.s. launchedan investigation into auto imports. we're getting fresh reaction from china, you're seeing how honda is down 4% in trading overseas let's get to eunice yoon live in beijing with the latest. what's the reaction in china >> hchina reacted sharply to the latest announcement by the u.s. on the latest tariff threat. they say we oppose the u.s. abuse of trade policy in the name of national security. this will severely undermine the global trading system and disrupt the multilateral trade order. china itself a couple days ago announced it was lowering tariffs on imported cars and car parts. in terms of the impact on chinese carmakers, there won't be much of an impact because chinese carmakers don't export a whole lot to the united states the biggest exporter to the united

dax exactly where it was yesterday.ht the shanghai composite out better than two thirds of 1%. japan closed for holiday and the others were mixed. breaking overnight.

the xetra dax down 1.5%. the cac 40 down 1.63%. the ftse mib is down nearly 3% at this stage. that has hit a new ten month low as bank stocks in particular bring that index down. in terms of the individual sectors across europe, let's look at those banks. you can see it, they are not looking pretty down more than 3% at this stage. insurance firms as well seemingly struggling with today's trade, down 2.3%. >>> malmstrom will meet with lighthizer and ross this week trying to settle disagreements over steel and aluminum tariffs. the eu repeatedly demanded that europe be permanently exempt from the tariffs and threatened retaliatory measures if not removed. u.s. president donald trump continues to accuse the block of unfair trade practices. >>> the u.s. says the eu failed to alter its loans to airbus in order to comply with the world trade organization ruling. the wto said the eu improperly supported airbus in support of its a 350 and a-380 jets the europeans say they have similar legal claims that focus on washington's financial support for boeing. >>> the u.s. and china have loc

gerri: in europe closing strong, right now stocks down 19, dax down 19. cheryl: take a look at asia. hopes for positive outcome in u.s.-chinese trade talks did lift stocks there. in hang seng in hong kong up a third of 1%, though, we will see. gerri: watch out, there's a royal wedding quiz popping up on facebook, could be identity trap. fbn:am starts right now. cheryl: 5:01 a.m. in new york, friday may 18th, day t day before the wed, good morning, i'm cheryl casone. gerri: good morning, i'm ger rewill his. cheryl: americans getting up nice and early. gerri: in our household, we will be watching. chinese foreign min city denying reports that trade delegation offered the trump administration a 200 billion-dollar reduction in china's annual surplus by increasing import of american products, this comes as negotiations continue between chinese delegation led by the country's vice premier and top u.s. officials in washington. cheryl: president trump giving his team clear marching orders. >> nobody has seen anybody from our country negotiate, trade with china an

dax still in the red. gerri: stocks in hong kong and south korea down 1%. drink a supreme court decision that will allow nationwide horse betting. not everybody is happy about the court's ruling. gerri: and the sun blasted a tax on businesses to pay for help for homeless and affordable housing. "fbn:am" starts right now. gerri: 5:01 a.m. in new york. it's tuesday, may 15th. i am a cheryl. gerri: and i am training for it lauren simonetti. train to first breaking news with regard to china. the united states and china reportedly working on a deal that would be sanctions on telecom maker zte in exchange for beijing removing billions of dollars of agricultural products. the trump administration wants china to allow u.s.-based qualcomm should be allowed to acquire an xp there. >> president xi jinping's top economic adviser visiting washington today with trade talks with u.s. officials including treasury secretary stephen mnuchin. blake burman is at the white house with more. reporter: the dtd was involved in egregious behavior over the weekend president trump sai

the dax index up six and seven points but the cac in paris is down four points.t, the hang seng the hang seng and the cost be closed for holidays. shanghai composite flat. down just a fraction. facebook ceo mark zuckerberg make another stop on his apology tour. this time before the european parliament. how he is expected to address the data privacy scandal in europe this morning. the report says it cannot recommend the automakers by a three sedan. starbucks outlining some grand rules for its new facilities policy. what will it will not be allowed when hanging out at one of the companies cafÉs. they spoke out about their concerns. they will attribute. chris terry and meghan markle's wedding unveils. have they honored princess diana as well. on those stories coming up tuesday morning. fox business

the cac and the dax down 1%. ftse down 47 points right now. cheryl: stocks mostly lower good to shanghai, hong kong, all of this market down over 1%. the cost to small gain there. tracee: amazon comes under fire for selling its facial recognition technology to law name. "fbn:am" starts right now. cheryl: 5:01 a.m. good morning i'm cheryl casone. tracee: good morning. i'm tracey carrasco and for lauren simonetti. cheryl: they've got a lot to get to. a busy night. the facebook ceo talking regulations. breaking news this morning. u.s. and asian stock markets have pulled back overnight following a new concern over trade tensions between washington and beijing. president trump saying he's not pleased with recent trade talks with china. drinker edward lawrence is in washington with the details. reporter: president trump i'm happy with the trade deal with china. the final agreement will look very different from the framework does and they still have a long way to go. not part of the latest talks last week was the survival of zte come the telecommunic

six percent madrid falling by about two percent and also some nervousness on the frankfurt floor the dax falling by more than one percent well let's go over to conrad blues and who is our financial correspondent in frankfurt to find out more conradt i'd like to know from you what traders are saying there if if they feel this is the beginning of another euro crisis. at least telling me that there are a few investors out there who really believe that the euro crisis is round the corner this is reflected also very much. of bond yields today the government bond interest rates that italy has to pay in comparison with germany the ten year italian government bond today rose to around about three percent clive's above three percent temporarily and that for the first time in four years while at the same time the german ten year government bond that's the money that germany has to pay for its debt it sank to zero point three percent this spread this widening gap between the government bond indicates the potential for disruption in the euro zone that investors are seeing we're talking about a new p

the dax is up about a half percent. looking at individual sectors, basic resources, oil and gas in the red. travel and leisure up 1% real estate up also. the big story is italy, the five star and lega parties are pushing president mattarella to push a euro skeptic economist as labor minister reuters reports that mattarella does not want to approve the appointment. as a kobs squeconsequence, italt are being hit by concerns of this new government. investors withdrew a record 3$30 million from italian equity funds last week. italy's ftse mib is down in early trade and bank stocks weighing heavily on the index. the spread between italian and german bond yields has hit 200 basis points eu finance ministers have urged italy's incoming government to stick to european budget rules in a tweet ahead of the summit, the slovak finance man center warn minister warns italy risks going on a suicide mission if it moves away from the eurozone this is a central issue there. what have people been saying to you. >> absolutely. we went into

the ftse and the dax over in germany plays in the week up. the nasdaq is up plays in the week up. the nasdaq is up as well, the dow is a loaf down. the film reviewers coming up in a moment. let's have a quick look ahead right now though, to sports day. plenty to bring you, as we look ahead to the champions league final, the championship a final and two rugby union finals, as well this weekend. we will be reflecting on a thrilling day in cycling at giro d'italia, where one briton and the hopes of another as chris froome lodge is a stunning attack to take the lead on stage 19, two and simon yates‘ hopes of victory. we will have the latest from lord‘s where england‘s cricketers were hoping to bounce back after a disappointing opening day in the first test against pakistan. now come on bbc news, it is time for the film to take us through this week‘s cinema releases is mark kermode. very interesting week, we have the breadwinner which is a animation. solo, a star wars story, another one. and mckellenzplaying the part. and the breadwinner, based or taken from a book? yes, by deborah ell

the dax down 1.5%. it started in europe. the year was fighting against the dollar and that is undermining markets across the world. $1.16 at levels not seen since last november on the dollar and the euro. asia overnight markets mostly lower. take a look at the clothes overnight. the worst performer in hong kong. hang seng index down 1%. hope for the north korean summit after all. back enough new sanctions against north korea while preparations for the meeting are continuing. >> a lot of people are working on it. it is moving along very well. we will see what happens. >> latest developments on the summit between the north koreans in the u.s. coming up. for starbucks, it is training day. 8000 company-owned stores are closing for antivirus training. the move will be costly to the giant. sitting down with kevin johnson right here, 8:30 a.m. eastern. his take on how the training went and the policies coming out. that is tomorrow. join us for that exclusive interview. deadly weather moving its way from florida to east coast. ragin

the dax in germany is lower. gains across the board with the strength on wall street preaching hate composite bounced back one and three quarters of a percent. president trump said to make good on a trade threat. the white house expected to hit the european union but tariffs on steel and aluminum. the exemption ends this week are details on what comes next. secretary of state mike pompeo begin a serious meeting with north korean officials last night. the white house is optimistic about the singapore summit. we are preparing an expected to take place on june 12. >> the key issues to get the summit on track. roseanne planning a comeback saying that she may tighten the firing. the white house seems the media over bias. all the comments coming out. tesla's model three from consumer reports. how the software of state has the magazine during the huge turn on tesla. peyton manning take into the fairway with tiger woods in revealing from his playing days. all the stories coming out. join and talk all about it, did admit

the dax down 1.5%. it started in europe.against the dollar and that is undermining markets across the world. $1.16 at levels not seen since last november on the dollar and the euro. asia overnight markets mostly lower. take a look at the clothes overnight. the worst performer in hong kong. hang seng index down 1%. hope for the north korean summit after all. back enough new sanctions against north korea while preparations for the meeting are continuing. >> a lot of people are working on it. it is moving along very well. we will see what happens. >> latest developments on the summit between the north koreans in the u.s. coming

thed you buy the dax in near term?ood i was decomposing our portfolios into looking at it from a stock perspective. it would be overweight in germany and underweight in italy. do with the quality of the companies and the opportunities we see. manus: in the eye of this storm, the italian banks, to what will see you think we a flow of money away from italian assets in the near-term? people are going to rush into by banking stocks.valuations are beginning to threaten the risks. i don't think they are in a position of systemic risk. what we would need to see the is thatbanks fall some the italian banks want to blow the budget. but then the rest of europe will suffer. anna: interesting. us.ew parry stays with facesarney's guidance criticism after a number of signposts failed to materialize, coming up. --us: son is said to buy sony is said to buy emi music publishing. we will discuss the move. "this is bloomberg: daybreak." ♪ manus: a shot of hong kong. msci asia-pacific. stocks have managed to pick themselves up. south kore

and the dax is up is on either side of flatline. everyone is on -- everyone's eyes is on the price of crude. it is nearing $71 a barrel. 78.t crude closing in on earlier we spoke to it equity analyst in hong kong about this. >> secondary impact is whether or not this will impact inflation in the u.s. and whether they're willing to look havegh the inflation thehey already recently achieved. and whether that will tighten monetary policy further. where ano go to cuba economic conference is underway. >> they didn't kick off the latest meeting in havana. and they will hold this for t t next two years. the new president railed against the ongoing blockade on cuba and pledged to continue economic reform in the region. with the goal of changing a system in which first world countries and the 1% take the lion's share of global wealth. antonio guterres seem to agree, pointing out the dangers of theate change and also danger in the marketplace. >> like it or not, the increase of inequality has become the face of globalization. instability. we

as you can see, xetra dax is leading the charge up 1%. let's not forget we have the eurozone gdp numbers coming in in an hour's time. all eyes on that ftse mib also having a good day, up about 160 points. let's switch sectors the leadership this morning is coming from basic resources. big rebound there. up 2.3%. autos as well. autos and technology staging a comeback technology sector has been aided by stellar earnings coming out of apple and underperforming a bit, the food and beverage sector and telecoms which continues to underperform over the last couple of sessions or so >>> happy to say that bill street, the head of investments from state street global advisers is still with us. one thing i did not mention is the fact that dow's intraday trading was still volatile at one point the dow was down 300 points for the first day of the month. still managed to end up around that zero line the point is intraday volatility is picking up a lot on equity indices. i wonder how you trade around that as an investor, and how you have had to realign

st 100 up 12 points and down 25 and the dax up 52 points.low the u.s. lower. sharp declines across the board. shanghai composite down to .5% in china on new wording from the administration and tariffs on chinese goods. president trump touting his economic success. the commander-in-chief rallies support last night in nashville. especially when it comes to wages and jobs.

the dax up. as you can see, the only underperforming index this morning, the ftse mib down 1%. but there again, some of that movement is being affected by the fact that the index has gone ex dividend. but, of course, we'll get into some of the stories at driving italy performs in a short while. let's take a look at the sectors. every single sector is in the green this morning again, though, that is a little bit distorted by the fact that the german markets rpt trading you can see travel and here yle is up .8%. the outlook isn't as positive as the last your's profits would suggest, but there again, you see travel and leisure is the basket that is performing. underperforming somewhat, banks up .1% but today is all about italy let's take a look at ftse mib and some of the major blue chips in ftse mib. telecon-italia, it's inching back into green. media set underperforming. overall, the index is having a weak session today, down 1%. that index has been quite volatile as i mentioned a little earlier,

banks today elsewhere, though, bright spot has been the italian markets, 0.7% north, outpacing the dax. above what you're seeing on the ftse by just 0.4%. by sectors as we break it down, technology at the top, a bounce of 1.3%, outpacing the rest of the sectors, also a bright spot on wall street as well basic resources, 0.9 higher. you can see the banks playing out as the sector slides by 0.7% broader market decline also in france two of france's biggest banks are under pressure today after first quarter earnings underwhelmed socgen, which is in the middle of settling a litigation case in the u.s. saw quarterly revenue drag lower as negative currency effects weighed. a weaker dollar coupled with a slowdown in fixed income trading at pnb paribas investment banking revenues france's largest lender posted a 17% fall in the period joumanna bercetche is in paris for us the market loves a narrative and it got it through two banks today. when it comes to the corporate and investment banking, do you see any upside down track on the back of what has been a weak patch for these two banks? >> ver

s&p 102 thirds of a percent of the dax industries that two thirds of a percent. asia overnight mostly lower. the asian market down with the exception of hong kong or the hang seng index is up half a percent. oil meanwhile hovering around $70 a barrel. could reduce the local supply of oil at 71, a $2 a barrel. 3% higher on the iran news. the 10 year treasury yield back above 3% as investors look for growth in the economy are affected by the price of oil. the yield on the tenure of 3.0 the tenure at three-point no 11% up two basis points. primary election results are in. don blankenship -- senate majority leader mitch mcconnell featuring goes viral. we break down the primary election results in what it means for the midterms coming up this morning. passengers evacuated delta airlines plane after the cabin was filled with smoke. details on the harrowing incident coming up this morning. disney revenue soaring thanks in part to "black panther." the results for disney coming up that may well be a market mover. it is a dow component. the thing is through james paxton. a

this is morning, check out europe, mixed story, ftse 100 pulling back, cac request rant is up 15 and dax in germany up fractionally as well. in asia overnight, gain as cross the board, take a look, best performer was china, tough talk on trade, china is denying reports that it has agreed to $20 billion in concessions. that's part of yesterday's negotiations with the white house. president trump calling out china, saying that the country has been spoiled by its relationship with the united states. >> calling people animals is not a good thing. >> when ms-13 and other gang members, i refer today them as animals and guess what, i always will. maria: take a look on where things stand on that, nafta, representatives, we are nowhere near a deal, soft deadline today. raining ash, volcano erupting shooting plume of smoke 30,000 feet into the air. we will take you to hawaii with the latest there. house minority leader nancy pelosi at it again, this time she's defending gang members says that ms-13 are actually not animals, you just heard that a minute ago on the sound bite, the backlash coming up

this morning the xetra dax is the one laggard, down 0.1% underperforming its counterpart, cac 40, ftse, ftse mib ftse mib having a good day despite talks between lega and five star, still no clear indication of who the new prime minister will be maybe some news tomorrow >>> before we switch to foreign exchange, want to draw your attention to some numbers out of the uk we have so the wage data just coming through and let me just pick up on that. we've got uk jobless rate, the employment -- the long-term employment is up 197k in three months the average weekly earnings is up 2.6% year-on-year, that's in line with consensus of 2.6%. the average weekly earnings x bonuses is up 2.9 in line with 2.9% numbers in the uk are holding up here which is interesting given the weaker data we've gotten as of late. as far as wage growth is concerned, these numbers are pretty much in line with consensus. in fact, higher than they were the previous month the reaction you can see in the pound is somewhat muted. weaker on the day because of that stronger dollar, but we're still hanging in around that 135 m

the dax index in germany down about a half percent. in asia overnight, markets finished slower amid the u.s.-china trade talks, nikkei average in japan closed for holiday but hang seng in hong kong down one and a quarter percent. nbc news backtrack, the network originally reported that president trump's personal lawyer michael cohen was wiretapped, turns out that wasn't the case, the fbi was logging his calls. and then every account compromised, the details as twitter urges all of its users to change their passwords immediately after a major security glitch. plus, may the force be with you, whether you're celebrating together or solo. >> i heard about a job, big-shot gangster putting together a crew. >> i'm a driver and i'm a flyer. long time for a shot like this. what do you think? maria: tickets go on sale for the han solo movie, joining me dagen mcdowell, king's college business and economic's professor brian brendberg and division president joanie courtney. >> happy job's friday, beautiful day in new york. maria: weather is gorgeou