he'll be with us here on "daybreak europe." euro area finance ministers failed to break an impasse on debt relief for greece. we will next speak to the finance minister. this is bloomberg.. ♪ anna: welcome back. tokyo, 2:30 in the afternoon. dollar-yen trading. let's bring you up-to-date with what's been happening overnight in manchester. we should tell you the headlines of this ongoing story we are covering. at least 19 people have been killed in what is a suspected terrorist attack at a pop concert in manchester, in the northwest of england. it would be the worst such event on british soil since 2005. we understand we will get a statement from the greater manchester police at 6:45 u.k. time, so in 15 minutes perhaps we will get a few more details of what happened. to manchester police have so far said they are treating this as a terrorist incident until they have any further information. they are working closely with national counterterrorism networks. the prime minister has said she is working to establish the full details o

it's "daybreak europe," your flagship morning show.e going to get to some breaking news in just a moment. first, some pictures coming from china. shanghai's international airport, this is the first inght of the c919, a new era the aviation business potentially, as china tries to muscle in on the business that has been airbus and boeing until now. manus: boeing predicts china is going to need 6800 aircraft, the ticket value $1 trillion, by 2025. you get about 158 to 174 seats. anna: a lot of global western suppliers supplying parts for this plane. live pictures of the first flight of the c919. that is the breaking news this morning. on the aviation space, we've got international airlines group giving us their profit after tax of $27 million for the first quarter. profit,ted operating $170 million, above the estimate of $163 million. the operating profit of $151 million, that is a non-adjusted basis. also giving us guidance, expected to generate improved operating profit in 2017. earnings surged last year as the brexit vote had less impa

anna: stay with us on "bloomberg daybreak: europe."anus: i'll have a conversation with charles evans from the chicago fed tomorrow. ♪ it's 2:30 in back, the afternoon over in tokyo. the dollar against the japanese .en trades a little bit weaker 6:30 here in london, 7:30 if you're over in italy. insurer, waiting for those numbers. mv.m waiting for o when we get those, we can always come back. let's focus on the bank of england for the moment. the bank of england is expected to leave its benchmark rate unchanged at 12 noon london time today. followed by governor mark carney's news conference 30 minutes later. good to see you this morning. forecast, and the there's only two forecasters who --nk he may >> don't expect a change of heart and policymakers today. expecting from the economic upgrades and predictions is an upgrade to the inflation forecast for 2017 but a lowering of the growth projections. according to economists, this is not likely to translate into more votes for a rate hike. in fact, just one policymaker is expected to break

"bloomberg daybreak: europe." am anna edwards. let's get straight to the blank -- breaking news. we will talk to the management of these companies. we have numbers coming in. this is the steel company, now much more diversified industrial group. they are raising their even forecast to $1.48 billion. raises.sted ebit raising their profit outlook after selling their brazilian plant. agreed to sell their brazilian steel plant, and it is making the transformation from steel to diversified groups. around see what they do their american unit. there is the expectation they will exit the business. there is talks they will transfer the european assets. we will get an update on all of those matters when we speak to the management. inwill talk with their cfo 45 minutes time. let's get to other breaking news . sticking with germany, this is the munich-based insurance company. we are getting numbers. or solvency ratio is 212%. euros.lows of 21 billion operating profit is comes -- confirmed at 10.8 billion euros, less or menace

stay with us here on "bloomberg daybreak: europe." back in vienna for another exclusive conversation with nigeria's oil minister. that conversation coming up. will there be the possibility of an extra three months as the russians have suggested? will get the nigerian viewpoint. this is bloomberg. ♪ matt: signaling a june hike. with some economic softness indications, what happens next? anna: oil ministers are extending opec led cuts for another nine months. -- the the march 2 52 to $52 a barrel. good morning and welcome to bloomberg daybreak europe, our flagship morning show on blue book markets. i am matt miller from our headquarters in berlin. anna: i am and what -- and edwards in london. we see some of the big oil companies. this is a quick look at the futures as they kick off and get earlyay this -- at this stage of the trading day. , they arenister inclined to the rate hike in june but they do not seem to be concerned further out about inflation in particular and how much progress is made on rates and there were a few clues about

"bloomberg daybreak: europe." a little after daybreak in berlin. the euro against the dollar. the euro paring some of those losses we thought earlier on in the session. we had decent, better than estimated -- those numbers coming out of germany. we will be back with an update on the politics or let us get a bloomberg business flash. here is juliette saly. juliette: thank you. akzonobel has rejected a third takeover offer from u.s. rival ppg industries. the dutch company has already rebuffed two proposals, saying the 26.9 billion euro offer was too low and not worthy of discussion. that attracted criticism from shareholders, including causeway capital management and elliott management. ppg earlier said it would make a zo.tile takeover bid for ak over the weekend, warren buffett has spoken at length about his opportunities in text obscured ibm shares fell on friday after the billionaire cut being tooter optimistic about the company's prospects. speaking at berkshire hathaway's annual meeting, the billionaire chairman also said he "blew it by not inve

. ♪ a warm welcome to "bloomberg daybreak: europe."rom here in the city of london, i'm anna edwards. welcome to vienna. the sun was shining as they began to arrive yesterday afternoon. duration of the november agreement, 6, 9, 12 month at $54.n, and crude the scale of the cuts, 1.8 million barrels is what they had agreed the last time. could they go for something much more significant? all take you back in time. 5 million barrels back in the late 1990's, and the grand coalition which is ok and non-opec. do the heavy lifting and get on with your job. that is the message, but could they bring more non-opec members on board? they get together today to study the prospect of what a 12 month extension might mean. we will be chasing around vienna all day. anna: some critical things to talk about with regard to the oil crisis -- oil prices. oil prices will supported right now, partly on the back of the opec conversation and also with the u.s. data in mind. technical indicators suggesting put someures in london upward pressure on as well. let's

europe is doing actually rather well all things considered. america is still chugging along. good --a pretty >> welcome to bloomberg daybreak. i am anna edwards. europe." manus: looks like they are making it official. anna: details coming through, clarion and huntsman set to close by the end of the year. they will combine in a merger of althoughhey say, clarion holders will take on 52% of the business, huntsman 48%. a dual listing in switzerland and in new york. you can find the details about the savings they can get, and this has already been an historic year in terms of m&a in terms of chemicals. $300 billion in m&a planned, better than the previous record. manus: and more news coming through, looks like lafarge has appointed a new ceo. they were close, a lovely line coming from the analysts, saying he needs to recruit a new ceo who will turn the page and get on with it, and that seems to be the key. he's german. he was originally the head of seeker in 1996. that and he is coming from industrial maker -- they have been fending off their own takeover approach. interesting to see how that all shakes out. we also have breaking

it is "bloomberg daybreak: europe." i am manus cranny in london.n edwards 7:00 in the morning. news out of the japanese car sector. manus: a share buyback in toyotas numbers. net income 1.83 trillion yen. from my estimates, the net income that there would be 3.24. 1.83 is a miss. ¥50 billioning back 's worth of stock. that is a headline. this is a company that has seen sales in the u.s. drop every month this year and subsidizing cars to the tune of $3499 on have subsidized. the big news is the $250 ¥17.5n-yen buyback and trillion for the full year. net income on first read looks as if it is a miss. you can follow this on top live go in terms of the actual numbers. forecast,ollar in the down from 115 originally. softbank, the telecoms company reporting numbers this morning. let's get those. based over in japan. japanese corporate's coming through this hour. ¥76.3 billion off again -- operating profits against 165.2 billion yen. that looks to be weaker than estimated on the operating profit line. if we look at the q4 net line 568.9 billion against a

this is bloomberg daybreak: europe. in new study suggests the u.k. be as little as 5 billion pounds or no more than 30 billion pounds. the study is good news for prime minister theresa may as she releases her conservative party election manifesto today. manus: i caught up with the former bp ceo and he gave me his view on how britain should approach brexit negotiations. remain but now that we have decided to leave, we must make it really work. and it is important to say we have to find points of advantage between us and the rest of europe and we need to find that very quickly. for us i think as a nation, the has lived on its wits were very long part of its history, we are after all a resource for nation in the middle of the sea. we have lived on our wits, our ,rading wits, innovation wits and our financial wits so we must make sure that the people involved in that, the great financial center we have here, the great science and technology centers, and the people associated with that feel comfortable and stay here and actually grew. anna: john brown spe

he stays with us here on daybreak europe. >> highlights for your day.he gdp hits the tape at 10:00 a.m. u.k. time. the fed policy decision has 7:00 p.m. u.k. time. earnings from facebook and tesla. >> the fed the sites, the u.s. central bank sets rates the day investors await clues on the path and the balance sheets. your roundup comes next. this is bloomberg. anna: welcome back. it rate decision from the u.s. central bank today while markets are skeptical of any action on rates today. investors will look for clear see not just on the cap but the fed plan to run off the balance sheet manus: let's pretend kathleen. good to see you, let's start it off with risks. signal, what do you think the signaling is going to be in terms of the concerns? we know the signaling will be subtle but we know because it is all about the fed's policy statement. those words that they so carefully choose are going to carry potentially big weights. they are not expected to really signal they are deviating from the baseline. another rate hike in june and at least one more later

anna: a very warm welcome to "bloomberg daybreak: europe," our flagship morning show from london. manus: a very good morning to you. a raft of things to consider. one thing that the bond markets are doing just before steve mnuchin gets ready for a bond bank. they piled in, they added the most long positions, despite -- they have added the most long positions on a week on basis. this is the first time since july hedge funds have been alleged across the curve. the question you have to ask -- there's always a good reason. economic surprises were lower, so they had all the reasons to maybe want to get along, and then bang, the new. let's bring up the risk radar, where we are on ten-year treasury yields. that was the longer-term picture in the shot. talk of the 30 year bonds -- sorry, the 50 year bonds, yields rising on treasuries, increasing borrowing costs, although there is some skepticism afor whether it will. come to pass. manus: i think that whole bond debate will come back as the fed begins to run down their balance sheet. theks are rising in asia, msci asia-pacific the highest

another cfo will be joining us here on daybreak europe.the pound are hurting profits in the u.k.? we will have a good conversation here. thanks. plenty to look forward to. that is all we have for this edition of "bloomberg markets: middle east." looking at u.s. equity futures, they are still low. shery: we are also taking a look at emerging markets in asia. currency is looking pretty solid. i have to say the aussie dollar right now is way down. commodity prices looking soggy when it comes to industrial metals, led by copper. this is a mixed picture across markets in asia. we will have other headlines at the top of the hour on daybreak europe coming up next. this is bloomberg. ♪ selling if you are iphones as consumers await the next device. apple shares fall down. manus: waiting for yellen. no hike is expected, traders look forward signals of what is to come from the fence. anna: france's biggest bank beats estimates. we year from its ceo. >> bottom line is 4.4%. ♪

manus: it is daybreak europe, you're welcome. i am manus cranny.rkets have a couple of have the china data coming in this morning. a little bits longer than the market had anticipated. not having what you call a very dominant effect. london is jumping with the rest of europe. london is up 1/8 of 1%. the one story that is pervasive in the british market is this that conservatives could lose as many as 20 seats. this is what you will -- what will drive the london market. our risk radar and the sentiment is you had the chinese data coming in a little bit better for the second month than the market had anticipated. straight month in a row inmate. the chinese shanghai composite into the lasting hour of trade. copper is it on the back of that and as far as the lme, the drawn copper is the highest in nearly three years. that is underpinning the copper market as well. let's have a look at some of the currency markets. , softer inflation data may warrant a rethink. the dollarhs says rising 10% versus the yen. yields rising by 50 basis points. no real trepid

. >> welcome to bloomberg daybreak: europe. our flagship show i'm all anna edwards. >> a very good morning to you. i'm live from the anna. the status quo is simply not enough. that was the verdict of the market here in the last 24 hours. it dropped from 5%, but we are at a pivotal moment at the opec non-opec relationship. is fundamentally disappointed, there wasn't enough discussion about an exit strategy in april of next year and compliance. can they all stay compliant as they go into the bumper season? forget, frack attack. that's the risk to the price of one. >> you wonder when opec needs a lesson when you look at what's happened in the last 24 hours. let's talk about what's happened in the asia equity market and other asset classes. the pacific drilling down just a 10th of a percent of we are seeing witnessed coming through in some energy-related companies. commodity currency is always -- also on the back burner. we have this really fascinating polling coming out. , since theken manchester attack, showing only a five percen

"bloomberg daybreak: europe."anus: there is one market in the world that is not have a good friday fielding, and it is does not have a grid friday feeling, and it is the brazilian real. there is chaos in the markets. we thought we would try but put this in context for you. there was a close on dollar-real. if you want to understand volatility, it is down to the real. it has trumped the peso. this is the peso in yellow. it was a walk in the park, because what you have in the brazilian real, volatility is ratcheting up to 22%. stocks are in a tailspin, country risk is in a tailspin, but that rise in the real. what happens next from tehran? that is the debate. anna: we have plenty of politics to talk about. is earlyis downgrading in stocks. we have a great story on the bloomberg talking about those investors who feel brave enough that this is the time to buy some of those brazilian assets. we will talk about that during the program. on at the risk radar, let's have a look at where we are in the asian section. .hat a

manus: welcome to "daybreak europe," are flagship morning show in london. share buyback is the headline news for shareholders in reiner. the market good for 800 million euros, 600 million is the number announced by ryanair. the market had penciled in 1.20 3 billion, bang in line. ryanair sees an 8% rise in terms of net income for 2017 and 2018. a share buybacks starts the week 1.4 5 billion euros. that's a rise of 8%. the company is also in review with boeing to accelerate growth. is the great debate within the discount area in terms of accelerating. overcapacity by the national carriers which seems to have been running out of pace, but in the low-cost carriers you are seeing that fight for market share in alitalia. ryanair are in a fleet review with boeing. 2016 was a big year for them, around 93%. they've cut costs quite aggressively. these are the questions that we will be putting to the cfo when he joins me in just under an hour. we will put those questions to him, weathering the brexit storm, the key question when he joins us shortly. let me talk you t

anna: a very warm welcome to "bloomberg daybreak: europe," our flagship morning show from the city of london. i am anna edwards. manus: i am manus cranny. we have breaking news from one of the big banks in europe. underlying profit comes in at ¥650 -- 650 million euros. if you want to see a buffer of capital, these guys have got it aplenty. the underlying cost to income ratio, this is going to be good news for the market. it comes in at 60.2%. this was one of the concerns at the end of the year. their cost income ratio was rising. it came up to 65.9% last year, the year before. underlying profit, 650 million euros. they have a buffer of capital. cost operating expenses, to income ratio, looks as if it is coming a little bit more under control. we will have the conversation chairman at amro 6:20. they join us in 15 minutes. the: let us talk about state of risk. volatility is rising again, but do not go nuts about it just yet. this is certainly reflecting in the way we were talking about the lack of reaction in the markets yesterday. we are overnight in the asian session seeing market p

anna: welcome to "bloomberg daybreak: europe," our flagship morning show from london. manus: another day, another set of earnings results coming for. let's go to commerzbank, germany's second-largest bank. operating profits, 314 million euros. that is confirmation that the turnaround plan is indeed having a good start. they confirmed their full-year outlook. loan-loss provisions just below where we would expect. 196.5 million. when it comes to net income, this is the storm. 217 million euros. the market had penciled in 74 million euros. the bane of european bank ceo's lives, capital 12.5%. the target is 12 million customers by 2022, shareholders gave them a "d" rating, but a good set of numbers. just think back to september. is validation of strategy 4.0. anna: we will be speaking to the cfo later this morning. he will join the team on "surveillance." matt miller is on the ground for that interview after 11:00 a.m. we will speak to him shortly and get his analysis on those numbers and look ahead to the interview. story, they have their finger in so many parts of the gl

we have bloomberg radio, daybreak europe, live on london dab.rg. ♪ the bank of england is expected to raise inflation forecasts in three hours. inside baseball but will saunders call for a hike. senate republicans back trump and reject calls for a special prosecutor. the u.s. president meets with the russian foreign minister at the white house. ceo admits he got it wrong over the whistleblowing scandal. this is bloomberg "surveillance ."

[laughter] anna: that will do it for daybreak europe.en his next. ♪ anting a size-six, anting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a network. comcast business. built for security. built for business. the shlike a bald penguin. how do i look? [ laughing ] show me the billboard music awards. show me top artist. show me the top hot 100 artist. they give awards for being hot and 100 years old? we'll take 2! [ laughing ] xfinity x1 gives you exclusive access to the best of the billboard music awards just by using your voice. the billboard music awards. sunday, may 21st eight seven central only on abc. guy: good morning, welcome. you are watching "bloomberg markets," the european open. first-rate rate of the ca

table.is on the ♪ anna: a very warm welcome to bloomberg daybreak: europe. i am anna edwards.anus: ims cranny. we had a slew of earnings before the start of the show. we have more as well. nus is women's -- lehman's mbers. they happen rising 11% to 12%. second quarter, sales profits rise. sales for the second quarter , 20 point 2 billion, the market was looking for 19.7. there is a comfortable bit coming through and confirming the full-year outlook. profits rose 18% to 2.4 9 billion. have the wind of business wrapped in and the health care business potentially being ipoed and the margins will be the critical point. we'll have a conversation with ralph thomas joining us under 14 minutes time. we will talk margins. we have socgen. anna: the socgen bank reporting numbers. that is below the estimate of 863 million. -- if you added that back end it would be above the estimate but we will see if that is the way investors decide to look at these things. investor services revenue up by eight point -- 8.2%. they are making an additional digital investment of 250 million. the net income

. ♪ >> they cultivate mining, you are welcome its daybreak morning -- daybreak europe. got the last the a's flight back from the anna with my bags. politics is at the top of our agenda, look at the dollar rand. rand accelerated, rallied by 1.7%, it gave most of that back. it give a void. we saw the highest level on dollar rand since april 12. the volatility is fairly muted every this is the chart you want to keep an eye on. why is it so muted? ,hat rally should continue emerging market currency. the carry trade will prevail. the fact that summa has avoided you are stillve, going to see a return to form. that's what the track later on. lowness as usual for the and higher interest rate environment would drive speculators that to this currency, that to dollar rand. that's from one or two of the analysts we've spoken to in asia. let's talk about the risks in the market. syncretic,s a very corporate story. of what is going on? we have a lot of markets. the cost is just coming back from a new record high. lower, 30, 40% lower. 31% lower. the south korean won come very muted r

was pershing square founder and ceo bill ackman, speaking to a francine lacqua on "bloomberg daybreak: europee following stocks end -- we aree rising for the first day in a four to 20 mouth high. this is bloomberg. ♪ mark: it is 11:00 in new york. theinutes until the end of trading day. from london, i am mark barton. i ame: from new york, vonnie. this is the "european close" on "bloomberg markets." ♪ mark: we will take you from new york to london. was covering stories out of los angeles and paris. we'rere the top stories following on the bloomberg and from around the world. the stoxx 600 starting the trading euro with again. the french election just days away. front runner emmanuel macron forces,o blunt populist telling the pen and melenchon supporters he feels their anger. facee: and bp continues to sediments from the gulf oil rising evenebt

. ♪ anna: a very warm welcome to "bloomberg daybreak: europe," our flagship morning show from london.anus: another day, another set of earnings. anna, the energy producer in germany has a miss. anna: yes. first quarter adjusted net income fell by 18%, misting the average analyst estimates. they are reiterating their electricityrecast, generation revenue contributing to the drop, according to the company. that has been one of the questions, how will they be helped by wholesale electricity price recovering from decade lows? this is the biggest power producer in essen. it will be interesting to see whether they are sticking to their all your forecast. previously they had forecast a 67% increase in profit for this year. they are recovering from a collapsed and electricity prices, but prompted the sale of the grid business last year. a lot of moving parts at rwe. the numbers themselves are a miss. the share price so far, up by 32%. manus: there has been a bit of a recovery in terms of next day prices. let's talk about one other energy component, which is oil. we have seen a nice, risk rall

up next, it's "surveillance," where you can catch me on "daybreak europe" on bloomberg radio, live inl radio. this is bloomberg. ♪ francine: a new world order. angela merkel says europe must go it alone as the days of relying on america are gone. the fed's john williams says we should be aiming for a goldilocks economy. and apologies for the massive computer meltdown that left thousands stranded over the holiday weekend. how much will this cost of the company? this is "bloomberg surveillance ." i'm nejra in london. happy memorial day.

he will be joining matt and i in 15 minutes time on bloomberg radio, daybreak europe, live on dab digitalou are a customer, you can watch this show and listen to the tv , and the radio as well using the tv function. great to see scott there. great to see the tv page here. what i would use is this bit over here, which is fantastic. not only do you get the functions that we use, you get market checks, thebio of scott, -- the bio of thought. you can access some of the chart as well. you can put the chart in the presentation or use it, talk to clients about it, pop it out, and it will appear under bloomberg. you have functionality and all of the kind of ancillary data. up next, back to the hack warnings and chaos set to spread. we will have the latest on his unprecedented cyber strike. what does it mean for your business and global markets? we are going to talk about that. this is bloomberg. ♪ matt: welcome back to "bloomberg markets: european open." we are looking at gains across the board, although they are subsiding. the cac now unchanged, as well as the stock 50. . brca 2 out of

europe. the daybreak america's team spoke with sam zell. about the challenges europe faces after emmanuel macron's victory in the french president race. singi don't know if i see -- big problems, i see a lack of solution. todayou talk about europe , you start by asking the question, where does the demand come from? europe is doing better today than a year ago but maybe that is comparable leprosy and cancer . both an issue. only a question of how far along. i think europe has to deal with where is the demand going to come from. they have created a society where work is not at the top of the list. ifon't know how you excel you don't have a motivated workforce and a motivated population. >> where does the demand come from? has pullback from the margin, will it be from the periphery, does this still have to come from germany, from the core? i disagree with what was said before. demand has been coming through the last couple of years. of pent upenty demand in the euro area currently which is yet to be realized. we have the highest rates of job c

up oncoming "bloomberg daybreak: europe go a conversation from the senator from pennsylvania, pat toomeywill talk to pat toomey look for that in the 7:00 hour this morning. this is bloomberg. good morning. ♪ these days families want to be connected 24/7. that's why at comcast, we're always working to make our services more reliable. with technology that can update itself. and advanced fiber network infrastructure. new, more reliable equipment for your home. and a new culture built around customer service. it all adds up to our most reliable network ever. one that keeps you connected to what matters most. tom: good morning, everyone, "bloomberg surveillance." to give you perspective on what is going on in washington and folded into economics, finance, and investment. we're thrilled you are with us from london and new york will stop right now, greg valliere joining us. he is been a constant presence in someone linking together these political events with the politics on the hill and the markets. greg valliere, do you link all of these activities with the market reaction we saw yesterday an

. ♪ >> this is bloomberg daybreak: europe i'm emma chandra. later, u.n.ortation joins us live. now to your bloomberg business flash. mark -- merck's drugs have risen. it is gaining ins rates against bristol-myers squibb. profits that beat estimates. net debt rose again. bps stock has been the worst performer this year alone oil companies. alix: apple is the markets top billionr adding 120 dollars in value since the election. shares are at a record high. for more on what to expect from the company's earnings we are joined by shawn harrison. talk to me about what happens when you have a earnings for a company where everybody loves to get in and trading at a record high. there's an expectation very short-term that it's waiting for the next super cycle along with another big cash return announcement. it is still at a discount to the s&p ahead of what could be a very robust cycle for the iphone in the coming months and quarter. in the meantime you might have to deal with some softer q3 guidance of iphone sales. what kind of risk is there shorter-term for the s

and europe are drifting apart. >> this is the second hour of "daybreak asia" live from bloomberg's asia is just after 8:00 p.m. here in new york on the long holiday weekend. but feel like we have a sluggish start to the trading week in asia, in no small part to what we saw on wall street friday, hardly any movement, right? there will be are to digest this coming week and a lot of people don't want to take any big positions ahead of that data, including the jobs report. >> we do see china and taiwan closed here today. we will be hearing some fed officials before that blackout period in june. take a look at the market open, a muted start, mixed, so let's get the latest with juliette saly. lowette: we did have that volatility from u.s. equity markets on friday, so not a lot of direction to markets in the region. when in doubt, it seems people do sell down in volatility. some more upside and south korea's market come one market not getting the memo about low ofatility or staying out equities. another record high in early trade come up by .3%. .25 percent,own and a muted start in japan and a

daybreak. i am jonathan ferro. futures are up. in europeicals outperforming on the back of some really decent data in europe. the pmi surprising to the upside. we are used to that story. german business confidence, the best print since 1991. things in terms of confidence in the outlook in europe looking pretty good. if you switch of the board for the economy, the euro this morning -- we haven't several days of euro strength -- a little bit of weakness on the margin. the best week for the euro this week just last week. a little bit of softness in today's session. yen strength. treasuries off a little bit on the margin. the 10 year he'll down to 2.46%. let's get you an update and what is making headlines outside of the business world. emma: islamic state is putting responsibility for the suicide bombing in manchester in the u.k. at least 22 people were killed and 59 others were wounded. the attacks happened in a fourier of an arena filled with young people attending a concert by american singer ariana grande . police say they have arrested on

europe and the u.s. are drifting apart. airline may leading list its shares on a foreign exchange. >> we have the world covered here on "daybreakard to the sig

daybreak asia. betty: over the next few days we will talk about china's economic plans to revive the old silk road to europent officials from around the world will meet this weekend to discuss how to push the billion-dollar project ahead. stephen engle spoke exclusively with the world biggest cement maker which is betting big on the program's success. >> 312 big production lines in the region over the past 10 years, making up about 60% of the overseas market. there will be an enormous demand for cement for infrastructure construction. the number will be astronomical. the building material industry del start off with the potro initiative. if you want to get rich, build a road first. in march 2015, you talked about foreign acquisition as it relates to one road one belt. what is planned, and where? m has grown large through mna. on our expansion overseas we would always put m&a in the first place. we would occur -- preferred that him in a approach prewitt we also would like to accelerate the pace with the investors as we have helped to build most of the cement factories in the region. we will speed up under th

daybreak. 26 minutes into the session. a muted session in the united states with action happening in europe. ♪ . >> from new york, i am vonnieg markets." vonnie: from new york to london this hour and cover stories out of mexico city, paris, and washington, d.c. , westories we are following begin with breaking news on the u.s. economy. a slew of data out this morning. co factory orders for the month of march, a bit of a mess. the survey had called for factory orders to grow month over month, but down from 1% federer. we're looking at 2/10 of 1%. a bit of a miss for factory orders, perhaps defying the recent strengthening conditions. we also have the final reading for durable goods for the month of march. it came in slightly higher. it was

daybreak." the sun is up but the markets are lower once again. futures softer. quities lower across europe. yields down four basis points at 219 on a 10 year. alix: unbelievable move. dollar-yen continues to grind lower. that is a 200-day moving average one to watch. the vix extending its gains from yesterday. 47% in about two days. gold catching a minor bid. crude getting killed. david: we will break those earnings but let's turn to washington. puty attorney erroneousstein appointed a special counsel between ties between the trump campaign and the russian overnment. marty shanker is here with us. what is next? >> well, i think as soon as he gets on the job, he's going to scope out where his investigation should go. it's interesting. i think rod rosenstein just by this appointment has cemented his standing and his power within washington. the only way that any influence the white house can have would be to fire him and that would be worse than firing comey. and mueller is known to be a straight laced case maker and he's going to take this investigation wherever it leads including into the w

daybreak. let's whip through the market action. futures negative, three points on the s&p 500. stocks down in europes -- treasury yields just a little higher. alix: in addition to the fed rate decision at 2:00, at 8:15, adp employment data will be released. march was a totally killer number. if we can read the tea leaves -- after the bell, earnings from facebook and has left. david: looking forward to that. congress is back on the hunt for health care reform with the house trying to do its best to get a majority together behind the bill. here to take us through the agenda is our chief washington correspondent, kevin cirilli. you just had a really interesting interview with jim jordan, leader of the house freedom caucus. he revealed it will not be the full repeal they promised. kevin: he also told me they are still hopeful there could be a vote this week. the sources i talked with on capitol hill are not as hopeful. suggest the deadline put forth by the white house is not exactly helping the process. candidly, the more moderate tuesday group, when you look at how they are set up, they are not set up

europe as the dollar continues to grind lower. this is bloomberg. ♪ alix: this is "bloomberg daybreak." i am alix steel. little unrest spreading.ut 12 points. picking up a downside in the last few minutes. all 5.5 percent. the move in the currency market continues to be euro-dollar, grinding higher ,$1.111. well bidtreasuries here, outperforming by two basis points. now yields are down by five basis points as we move into safety continues -- as the move into safety continues. headlines outside the business world your emma chandra is here with first word news. emma: russian president vladimir putin is ready to come to the aid of president trump. putin says russia will provide a transcript of talks between the president and russian foreign minister serco -- sergey lavrov if the white house wants. during that meeting, president trump is said to have leaked information set to happen classified. laptops inan on airliner cabin's may be extended to more than just flights from europe. the home and security department said other regions are being considered, too. the e.u. is pressing the u.s. not to impose the ban. the two sides will di

europe and france can begin a few years from now. jonathan: thank you very much. coming up, more from the french election. this is bloomberg. jonathan: from new york city, you are watching bloomberg: daybreakday morning, futures just a little bit softer. s&ptive a 10th of 1% on the after three straight weeks of gains for the benchmark. treasury yields down a single basis point after grinding higher throughout most of last year. tradeg at the euro-dollar , the market has been fading the le pen risk. we breach that briefly in the last 24 hours, then we rolled over on the news that everyone macrond, emmanuel stealing the presidency in france. up to speed on some of the headlines outside the business world. emma: staying with friends, president-elect emmanuel macron commemorated the anniversary of the end of world war ii in europe. the ceremony was his first public event since winning the election. he won in a landslide, beating marine le pen with percent of the vote. >> we have the strength, the energy and the will because that is what has carried us to this position. that is what has made us, and that strength will ensure our future. we will not give in to fear, division and lies. he is an i

daybreak. let's get you up to the speed on the market action. breaking economic data in the united states. onures up 45 on the dow, up the s&p 500, a holiday across much of europe switch up the board, looking at the dollar-yen trade, up 2/10 of 1%. risk on. a weaker japanese yen story emerging. the brexit data comes in the united states. let's begin with year on year, loyd in line with month on month -- oyd in line personal income, a little bit softer than the estimate at 0.3. personal spending for the month of march comes in dead flat. the downside surprise at 0% for the month on march. the median estimate was 0.2. the bank in london, the personal income story, for suspending much softer. david: good news given the gdp numbers from friday. they have them fall off the table. jonathan: true story. and on the core as well, a lot of people are talking about the easter skew. the idea that we had a year on year figure, not so comparable to april of this year. david: and of course that is what the fed is likely to be looking at later this week as they have their meetings. running is now from his offices in new york is mark cabana, bank of america merrill lynch head o

daybreak. jonathan ferro is on assignment. we are 30 minutes to the opening bell. alix: markets are, after all of drama happening in washington. a little bit weakness over in europe nowhere in the u.s.. the real drama has been in the dollar. the euro dollar is the highest level since the election. stirling is trading a little weaker of the day. the vix, you would think with all of this drama, nothing. it's down by 1%. cutting to balance the market. it is still low the 50 handle. a look at some of the stocks ahead of the open. mentioned, home depot will open at a record today. this is after sales at the home-improvement retailer rose 5.5%. that is 3.9% higher than estimates. butil may be lagging, building materials been strong. yesterday we were talking with a 20 year anniversary of amazon and the 49,000% gain. thatdepot has at a gain of , almost 48,000%. 1981. did back in we are looking at pfizer. city lowered the stock to a cell from neutral. they are talking about pricing pressure on cancer drugs and risk on an increased over price for medicare reimburse drugs. those shares are down 1.7%. it is down to $31 per share. ford is moving up i 1%. the wall street jour

daybreak." i'm jonathan ferro. this monday morning, futures stable. marginally positive looking at the doubt and -- the dow and s&p 500. triesllor angela merkel to explain why there is a trading surplus in europe, and saying the euro is too weak. you cannot make sense of the sometimes. crude comfortable at $50.8 0. another $350 billion honest in hardware deals rummaged in the next three years. wilbur ross had high praise for the deals that got done. >> i cannot imagine another business day as good for the united states and the kingdom. kevin cirilli joins us now from jerusalem. let's talk about those deals. energy, andilitary, infrastructure deals done. how important are these for the president at this point? kevin: very important. coming on the heels of the administration raising questions about the potential collusion for russia. i asked secretary ross of whether or not these investigations would cloud over the trip, and he believed they would not. over $300 billion worth of new deals, as well as a $109 billion arms deal negotiated between the u.s. and saudi arabia. the folks i spoke with on the ground in riyadh from saudi arabia were impressed by the caliber of ceos in attendance. represent

daybreak." i'm jonathan ferro. this monday morning, futures stable. marginally positive looking at the doubt and -- the dow and s&p 500. triesllor angela merkel to explain why there is a trading surplus in europenot make sense of the sometimes.