has a scent francisco federal reserve bank where he's worked for nearly a quarter of a century mr williams is seen as an ally of new federal reserve chairman jay powell the new york federal reserve is the most important show and largest holder of assets of all of the twelve regional federal reserve banks the current new york fed chair bill dudley will leave in mid june when mr williams replaces him. and last month the co-founder of whatsapp brian acton expressed astonishment by tweeting it's time to hashtag delete facebook whatsapp has more than a billion users now however we learned that whatsapp which is actually owned by the parent facebook has a similar design flaw to facebook which places you to user data in peril whatsapp claims that they protect your messages photos. videos voice message documents and calls and they are all secured from falling into the wrong hands however when using what's app group chat user data can be harvested by anyone in the group including your mobile phone number the discovery has led some commentators to suggest hash tag delete whatsapp. and the mind goalie and prime minister the former prime prime minister second billet is being

has a scent francisco federal reserve bank where he's worked for nearly a quarter of a century mr williams is seen as an ally of new federal reserve chairman jay powell the new york federal reserve is the most in pool actual and largest holder of assets of all of the twelve regional federal reserve banks the current new york fed chair bill dudley will leave in mid june when mr williams replaces him. and last month the co-founder of whatsapp brian acton expressed astonishment by tweeting it's time to hashtag delete facebook whatsapp has more than a billion users now however we learned that whatsapp which is actually owned by the parent facebook has a similar design flaw to facebook which places you to user data in peril whatsapp claims that they protect your messages photos videos voice messages documents and calls and they are all secured from falling into the wrong and however when using what's app group chat user data can be harvested by any. one in the group including your mobile phone number the discovery has led some commentators to suggest hash tag delete whatsapp. and the mind goalie of prime minister the former prime prime minister second billet is being

so the new york fed traditionally have been the banking leader within the federal reserve. >> i think the board of government. >> the new york fed has had a special place in that. dodd frank changed that a little bit and other changes. how do you see the role of the new york fed evolving and what is it today? >> we have important roles, number one, we are the bank that executes contrary policies. the new york fedex cut executes on behalf of the committee. second, we are two of the big financial centers around the world, new york and london. and so we really have to do a good job of assessing what's happening in financial market and take the information back to our colleagues on the federal market committee. third, we have a strong international orientation and we run operations called central banks which had contact in business with central banks all over the world. i actually go to bosnia every two months and sit on the board of director for international settlement which is important of the outreach and coordination across the central bank and the committee. i am biassed but i do think the new y

the federal reserve bank of new york says those steel privileta are likely to cost more jobs than save. >> the tariffs always issue with macron and donald trump. >>> breaking overnight. the duchess of cambridge admitted to the hospital in labor with another royal baby on the way. we go live to london for the latest next. we have got a problem. a few problems actually. we've got aging roadways, aging power grids, ...aging everything. we also have the age-old problem of bias in the workplace. really... never heard of it. the question is... who's going to fix all of this? an actor? probably not. but you know who can solve it? business. because solving big problems is what business does best. so let's take on the wage gap, the opportunity gap, the achievement gap. whatever the problem, business can help. and i know who can help them do it. jeff and market volatility into retirement. isn't top of mind. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in dow

federal reserve bank of are new york says steel tariffs are likely to cost more jobs than they save. >> another issue for macron. >>> breaking news. >> royal baby news. kate middleton has been admitted to a london hospital in the early stages of labor. they are expecting their third child. the pababy will be fifth in lin to the throne. harry would be sixth. the top six are considered the core royal family. >> i just trust all your royal news. >> i listen to max foster. we will stay on the subject. >>>gaagain. this time killing dozens as they v register to vote. >>> and details on the russian journalist's death. did he get too close to the truth? that's ahead. >>> 4:16 eastern time. 57 people killed by a suicide bomber at the voter registration center in kabul. more than 100 injured and five children among the dead. the bomber was on foot when he detonated explosives at the gate of the election center. isis is claiming responsibility. this is the most serious an attack to date against afghan president and is expected to have a parliament election in october. >>> calling for an investi

>>> and now we move to a new head of the new york federal reserve bank. >> yes, john williams replacesilliam dudley something of a controversial decision there was a lot of talk about appointing a diverse candidate to that job. there's been a lot of criticism about the federal reserve not having many of those folks on the board, and also elizabeth warren has criticized john williams for the supervision of wells fargo. for sure williams is not come with a strength? supervising and regulation, but perhaps the new york's fed board was forced a bit by the notion there's no vice chair right now overall for the federal reserve the with the chairman jay powell not being an economist, they do need a -- this is a group of directors approved by the board of governors in washington. >> thank you, steve. >>> let's talk more about trade. steel and aluminum stocks have been highly volume tiff stocks plummeted 18% on the day that the white house announced exemptions for the european union and several other cunning. joining us now is -- good to have you here, mr. bless where do you stand right now wit

of sony pictures and more recently banks and services in south korea and malaysia. there's increasing evidence that it was behind the 2016 attack on the new york federal reserves accountnk netting them $81 million. all of this putting considerable teeth behind this handshake of peace. joining me now is a former deputy assistant secretary of state for east asian and pacific affairs. michael, thank you for being with us. >> my pleasure. >> michael, the leaders of north and south korea have met before. in the past nuclear stuff hasn't been the issue. it hasn't felt the way it feels today. but how much of a breakthrough is it that moon jae-in and kim jong-un met at the demilitarized zone and crossed into the other country? >> look, i think at the end of the day there are two real take aways from this historic summit. first and foremost, this is a very positive and necessary start to a real diplomatic process that could really see a reduction in tensions on the korean peninsula, and potentially addressing some of the major issues outstanding including north korea's nuclear and missile programs. but at the same time we are left today after this summit with no further sense

of the federal reserve. downey fischer step october. this helps phillip leadership team of new chairman jerome powell. john williams maybe the next head of the banks are from new yorknch. china's treasuries rose in february the most in six months. even amid trade tensions between the world's two largest economies. bondss ownership of u.s. increased by $8.5 billion to $1.18 trillion. china remains the largest foreign creditor to america .ollowed by japan u.k. prime minister theresa may's facing a second debate and as many days in britain's role involving syria. she stayed up late last night listing to lawmakers views. there were six and a half hours of proceedings including more than three hours with direct questions from mps. this is in the face of allegations that she rushed forward without seeking proper approval. powered by more than 2700 journalists and analysts in more than 100 and 20 countries. i'm ed ludlow in this is bloomberg. francine: -- mark: gdp grew by 6.8% in the first quarter let's get to our china correspondent. talk us to the data and what it means for the chinese economy. >> a couple of key takeaways. one is the chinese consumer remaining very bu

federal reserve. the new york fed president serves at the vice chairman of the committee which sets rates among all the bank presidents, only one that votes at every fomc meeting oversees implementation of fed rate policy. fed says set the rate here the new york fed implements that many markets and regulates the big new york money center banks. he's been the san francisco fed president since 2011 he is the xwektive vp and research before that a quarter century at the federal reserve system pafd in economics. he has argued that the neutral interest rate is low and should remain low, but calling for three r or four hikes this year. big issue was about the effort to find a diverse candidate. they decided on somebody who has implemented a lot of diversity in his bank. criticized by senate warren among others for the wells fargo supervision, which is supervised by the fed >> gives you an indication on how people think of the san francisco fed. considering janet yellen came from there to be fed chair. john williams coming from there. >> i was offered cleveland and richmond i'm holding out for the san francisco fe

federal reserve. the global strategic advisor at pimco would replace stanley fischer. this nomination fills up the leadership team of jerome powell following his election earlier this month as the next head of the banks new yorkranch. china's holdings of treasuries months, most in six underscoring the attractiveness of american asset even between tensions.es -- china's ownership of u.s. bonds, bills and notes increased by $8.5 billion to $1.18 trillion. china remains the tensions. china's ownership of u.s. bonds, largest foreign creditor. theresa may is to face a second debate in many days on britain's role in bombing syria. that comes after she stayed late at the house of commons listening to lawmakers views. may was present for six and a half hours of precedin -- proceedings, including three and a half hours of answering questions as she wants to face a commitment. global news 24 hours a day on air and on twitter powered by more than 2700 journalists and analysts in more than 120 countries. let's check on the markets in asia. in asia as is mixed investors check the chinese data. the hang seng is trading flat. japan stocks are fluctuating. the nikkei 225 up 1/10 of 1%, but higher by discretionary stocks. the