in this hour, kenneth rogoff and adam posen.aing is conversation with david lipton of the international monetary fund. and while hillary feels the burn, democrats and republicans non-debate as washington burns. this is "bloomberg surveillance ," friday, april 15. i am tom. with me, francine lacqua. francine, i give you immense credit. one of the backdrops to all of this is brexit. it is not just about the united kingdom. francine: it is not. the imf upgraded to one of the main risks. earnings, banks, that is another risk to the world economy. then currencies. tom: what a busy hour of international economics. now to your friday "first word news," here is caroline hyde. caroline: another t -- another casualty of the panama papers. .e resigns today he initially denied any involvement before backtracking. calls for the spanish industry beganer to resign yesterday. another blow to dilma rousseff. the country plus supreme court has rejected a motion to stop an impeachment vote against her scheduled for sunday. it is the latest defeat

kenneth rogoff will join us tomorrow.eputy managing director from the imf. ♪ jonathan: japan's largest brokerage firm is said to be exiting combined with -- 1000 jobs could be lost. a solution to tackle a problem. raiseare helping to capital and offload bad loans and crude reality. brent climbs back to a four-month high. the outlook remains negative. a warm welcome for the first hour of "bloomberg ." david: stephanie ruhle is off today but here with us instead is not mcclendon. good to have you here. jonathan: this headline, it warns some interrogation. if you are saudi arabia, you are looking and saying, my finances

mark: harvard professor kenneth rogoff there on "liberty surveillance" with tom keene and francine lacquance the oilha slump began in 2014. spent $314tions has billion of their extra reserves to offset the drop in prices. as the world biggest suppliers together gathered this weekend, what is the likelihood of agreeing to a production freeze? oil is trading lower once again. wti down by 3%. ♪ remy: stocks on pace for another week of gains and financials taking the lead. michael regan joins me now with some ways to play the banks, using eps. this week was the week to be in banking stocks if you are in the long. it's all the biggest rally in six weeks. it is the highest point for the week since last week of 2015. what is your take on all this? mike: jpmorgan set the tone with the earnings beating estimates. that said, none of the banks reporting are really crushing it. revenues are down and they are focusing on expense cuts. that said, there was so much pessimism about banks. a rationallmost in pessimism earlier in the year that created this huge bear market in banks. they bottomed in februa