swedish krona of government bonds.to stay tuned to bloomberg television. we will have a conversation with the governor, it will be joining us at 11:00 a.m. london time. a fascinating conversation. what is behind that additional qe? week will find out later on. let's find out what stock stories we are watching with caroline hyde. caroline: as we go toward the deadline today, it looks like an a court has been reached. could they be pumping out $10 billion to satisfy civil claims in the united states? this is all surrounding what was known as dieselgate. vw is up 5.3%. could this money satisfy the overall u.s. regulators and indeed, the courts. and therefore, could we see a deal done to try and move on from this scandal. volkswagen pushing higher, the best performer on the stocks of xx 600. the worst performer is ericsson. why? are notructuring plans managing the growth they were hoping for. they are not satisfied with the overall growth and profitability development.sa 2.4%.es are down we are seeing the telecom network n

and with what's happening the swedish krona, what is this going to have in terms of an effect in ther in moving forward for 2016? we seethe swedish krona, a clear depreciation pressure, and the swiss bank is trying hard to get it to strengthen too quickly and too much. that will put a downward pressure on inflation, and inflation has been the major issue. so you are seeing negative rates, and we are expecting that to continue, just because growth is so strong. in terms of growth, we do expect it going forward. we still have an expansionary monetary policy, fiscal stimulus, the government announcing were fiscal stimulus, 10 billion krona per year to different municipalities, mainly with the refugee crisis. so we do expect strong growth, but maybe not as strong as it was last year. last year was exceptional. guy: guy in london. i have listened to what you had to say, and as i was sitting in a number of european and i have looking at monetary policy not delivering the pickup and employment or that feedthrough into the real economy, and i'm looking at sweden -- is sweden an advertisement

betweenally went out all of the swedish krona in competitive 2.1 loss.weaknesses in this report as well a along the service station get a traffic worker. that is where we see emerging markets. that is for seven quarters. it is getting an impact on their investment level in countries like brazil, countries like russia, portugal, the middle east. there are weaknesses in north america. that is where we have seen a couple of quarters. tom: transfixed by intel's restructuring, 11 percent of employees leaving as they are restructuring. will you need to do the same? your employment account is remarkably like intel's. will you have over 10,000 people go out the door? we have two programs right now. we have one being cost-efficient where we take out 9 billion swedish krona in fixed cost. that is ongoing. we made really big headcount reductions last year. we have some steps left. there is a right side in the market where they have lower activity right now. as we go to reduce headcount. we have not a total number. we talked to individuals. we talked about the numbe

this is the swedish krona today. this goes to her all the currencies are essentially falling today. the japanese yen is rising. as we are seeing an unconventional means of the central banks in the bond buying program, they're having less on that. do expect that to continue? >> we have many different banks trying to do the same thing at this time. they cannot all the that. also, we are grown with monetary policy and the mary is expected to reach their limit. markets are no longer bringing in substantial further policy like the eurozone as a whole. that has taken away some of the factors that they needed. mark: thank you for joining us. betty, back to you. betty: we will look at auto stocks. we have settlements from volkswagen. we will get how shares are reacting to that. mark: i am mark barton. betty: i am betty liu. you're watching bloomberg markets. we'll get some of the biggest business stories in the news. with the stateng and the dutch phone company. the move would come less than three years after the mexican billionaires go through the 21 are staying valued at 3.5 alien dollars

it is still diving into the details of its previous measures, meaning the krona finally got some reliefjoe: a major surgeon iron ore. surge in ironr ore. earlier inen hurt the year on slow down fears, and now it is taking off. news, alphabet has , first quartergs adjusted per-share of $7.50 per share, compared with consensus estimates with seven dollars 96 and. when it comes to revenue, revenue passed on the partner billion, lower7 than the consensus estimate of $16.59 billion. once again, revenue and profit missing for out for the first quarter. we also have numbers coming out , net revenue of $5 billion for the second quarter, compared with five point 03 billion, so pretty much in line. of $.39 earnings share in line with what analysts were anticipating. starbucks adding an additional 100 million share buyback authorization. resultss coming in with in line with analysts. missing on the topline line and bottom-line consensus estimates. up 29% shyaid clicks of 32%. it looks like a mess on so many different levels. costs down 9%. >> they just keep coming. to give you a sense of where thi

we have the swedish krona strengthen against the euro but the euro-dollar trade relatively flat here. and mario draghi's press conference a little later. ahead of the ecb decision we've heard from fitnenance minister e again criticizing policy, saying negative rates do more damage than good. this follows his recent claims that negative claims have helped boost the rise of right wing party afd. negative rates have put on some pressure. and we've spoken about exactly what the effect on european lenders has been. >> it was largely around not much solvent but profitability in the banking issue. and i started mid november. marconi and others have said we're coming towards the end point of reregulation but there is also so much stuff still in the pipeline that is coming out that a lot of the investors are looking at how bank profitability will be once all of these measures are put in place. and i think we're seeing a lot of question in particular. >> important to establish a confidence also in the sector among customers and firms. so we cannot keeping this process of rewriting contracts eve

tracy: all right, we are very excited to talk about the krona.al coming up at 4:00 p.m. on "what you miss." the former u.s. ambassador to saudi arabia on will become of the president's trip to the kingdom. ♪ >> it's 2:00 p.m. in new york. >> welcome to "bloomberg markets." >> bloomberg world headquarters in new york. welcome. >> here's what we're watching. stocks shooting up. recovering around five month highs. coming up. >> meanwhile, stocks fell in mostly two months. you -- it's the economy on a verge of a roar again. obama is in saudi arabia. former u.s. ambassador is here the delegate states of u.s.-saudi relations. markets closed in two hours. let's head to markets. rallyre not seeing a huge today. definitely improving over the course of the session. rising about a half

we have a currency bard you saw last year the big focus on protecting the krona.hen there was pressure on it. we are now running very negative rates. over the last 12 months in the dansk bank accounts you have seen obviously we've had to deal with that. and -- it is not something we have a specific political view on. i agree we're seeing sluggish growth across a number of key markets. and there is a question whether negative rates are having the effects that it should have. >> karl icahn. it appears when he speaks the markets listen. telling cnbc he sold his entire position in the company. that sent shares sharply lower but also weighed on broader sentiment. he was once among apple's largest outside shareholders used his appearance to explain just why he decided to sell. >> what i'm saying is i believe china is a great turnaround story innite but you could -- but that is the risk. you could look ahead and you might find three, four, five, months trying to, you know, an apple, a great together and then it becomes a no brainer again. the real thing i worry about is

eric: a trade that we like is being long the swedish krona versus the euro.k about central banks that should be tightening or don't need to be as accommodative, the bank in swede suspect right there. the economy is strong, growing at 4%. yes, inflation is low, but it's low everywhere. that's a relative value trade that we like versus the euro. mark: how do we trade the u.k. ahead of the referendum? what would you recommend? any ideas? eric: right now, now that it's come back, it's not time to put on a short position. ultimately the u.k. will probably remain, but i think there's going to be more volatility. we could see another round of sterling weakness. i think we've had sterling strength the past couple of weeks, but i think there's continued volatility around that. i also think it's interesting, when you had robert kaplan on before from the dallas fed, the fed seems focused on the brexit as well. mark: everyone is focused on the brexit. you can't get away from it, even betty liu. she's more focused it. betty: because mark talks about it all the time. mark:

february profits still fell sharply from a year earlier to 3.3 billion swedish krona. this is because of disappointing weather conditions. they always say that. it is to some extent, though. and the chief of the executive lse is saying he would consider a rival proposal with i.c.e. the ceo denied the $30 billion merger with deutsche boerse would increase financial risks to the system. >>> in asia, the service sector saw higher activity last month with pmi coming in at 52.2. that's up from 51.2 back in february. but the country's employment figure dipping for the tenth straight month, falling to its lowest level since 2009. sri is in singapore. we're looking at a slight batch of data. in general, what do i need to know about the asian session heading further into europe. >> yeah, let's pick up on the services pmi from china. it was a fairly robust number on headline, but the employment component, that showed signs of stress. this has to be expected when the economy is transitioning from heavy industry towards the consumer. so herein lies the problem, the big challenge i

trade.much longer term the swedish krona keeps coming up. reallyit is a interesting trade.ne worth watching is sterling. the position in sterling was a popular trade but that splits a very short addition. the market has been bearish ahead of the u.k. record -- ahead of the u.k. referendum. odds, look at the bookies you could see lightning off of that short. there are a lot of crosscurrents here. does the fed or doj matter? guest: they still matter to a lot of asset classes. will be marking to market the economic assessment. particularly if they do more in terms of asset purchases rather than jgb. tracy: do you think they will be able to have as much of an impact on the yen as they have in the past? we have seen them losing control of the currency. when they cut interest rates, they really had the reverse effect and we saw the yen strengthening. the yen is still quite strongly inversely correlated. since they go down that to find more risky assets, they could have more impact. scarlet: this perhaps tacit stable,t to keep things if you come inside the bloomberg, you can see h

krona, kroner. i don't know. francine: we are going to get ou on currency camp. let's do it on -- tom: good morning to all of you watching in poland this morning. let's this, this is the optimism chart. we will do this with david medical paff in the upcoming hour. this is i'm out of a job. i've got to get claimed by a state to the number employed. the ugly necessary recently, d vonnie, here's what killed the destruction in the 1980's. this is about an america that is employed. and we are paying severe prices or will be. tom: francine, what do you have? francine: well, i got briefed by currencies and got this from jane foley who is on set but them the elling white line and the green line, so you're seeing an inversion, and for the fist time, tom, since 2010, all of the transparency paras, i chose sterling, are more with price swings over this month and in the rest of your career. she is senior currency strategist at the bank. thank you for joining us. we need currency help. we are going to see a lot more volatility because everything is bench marked. >> the eu ref

this is the dollar-iceland krona . you can see, not a lot of movement. relatively flat on the day.m sure you saw the fall in the ona. for the most part, not a lot of currency reaction to the news. scarlet: it is something that has been growing since the penama papers for release. we will continue to monitor that for you. in the meantime, some breaking news from south africa. the prime minister has escaped impeachment for violating the constitution. it was by 243 votes to 143. if you look at the currency, the south african rand, that is falling to session lows at the moment. after the rand had rallied to a four-month high at the end of last week. alix: the idea is we had an impeach -- impeachment rally, as well as in brazil, with hopes for a changeover in government. in that case, it did not pan out. scarlet: let's head over to julie hyman with a look at company movers in the u.s. abigail: related to this inversion ruling that we have been hearing so much about, that we heard about from president course, the two companies infocus today are pfizer and allergan. analysts are saying th