a showdown with the military and has decided not to nominate her to become the next president. .lobal newsrs a day i am mark crumpton. continues tosure build in the u.s., but the next guest says, do not fret. the head of the said meeting -- ahead of the fed meeting, what is the tipping point for the fed to raise rates? guest: core inflation is tipping highest. the target is 2%, we are at 1.7%, and janet yellen said that is holding down by a quarter and a half point. we are already above it. --e question is, what will to tip and why haven't they set a higher already. joe: are they estimating the risk of where you think the fed could go? guest: not in the short-term. i do not think that they will hike next week. volatility in the market has not subsided and they have given no hint that they will move. this is not priced in. june is a totally different story. by the time we get through the summer, wage growth will be approaching the 3% mark, which they said back in february -- what he didn't say is that 3% is the right that they did not want to see. we will get there soon. the pressure is bui

whenever we spent time together, i always came away impressed by his brilliance and vision." .lobal newshours a day on can find more stories bloomberg top . anna: guy johnson is on set with us. good morning. : i look at this and i think europe and japan. i think, what is going to happen europe. you look at the backend of the curve in japan. all of those top lines out there are at the back end of the curve. , whates at the bottom this is showing is the japanese curve flattening out massively. the blue one at the top is the backend of the curve the you can see this collapse that is happening. you wonder if this is going to be the story in europe. long-dated bonds with some yield attached to them will become an increasing priority for managers. david: the story taking this data and seeing how distorted the bond markets are coming -- are becoming in japan and how liquidity is a critical issue. this a risk for us in europe or not? the ecb would maintain that they have a plentiful, bountiful source. year, we april of last saw the huge move up in german bund yields. seeing thenk we are risk

the share price fell more than 18%. ,lobal news 24 hours a day powered by 2400 journalists. ♪ guy: busyorning. welcome to "on the move." we are counting you down to the european open. i am guy johnson alongside hans nichols. barclays confirming it is selling its african business. jes staley telling bloomberg there was a difficult decision. we will break down whether he is making the right move. glencore posted a 69% slump in profit. afterl talk miners glencore reports that net loss. and the slowdown stevens. -- steepens. fresh figures from china. alan greenspan tells us that china's economy will slow even further. , once again, it is about the big banks. barclays, some comparisons with deutsche bank. hans: one thing he did say, the ceo, at the end of that interview, said there is value in being big. that is a different track in where deutsche bank is going. let's get anna's take on this. interesting pick up on your point. i cannot believe we are still having the conversation about the merits of size. whether it is better to be a big, diversified player. back to the subject of africa. re

resisted measures to control migration such as putting a constraint on the number of refugees. ,lobal news, 24 hours a day powered by 2400 journalists in more than 150 news bureaus around the world. i'm pimm fox. matt: thank you very much. good morning. take a look at markets in europe. the dax has turned around to big gains. the stoxx 600 turned around and gains as well. you still see losses in the ftse. one of the reasons for those gains has been the movement in basf.and you can see monsanto unchanged upthe premarket but byer 3.25%. take a look at u.s. futures. we see green arrows across the board but really little changed on each of the major indexes. oil has come back down again and oil has been determining the fate of stocks. right now we see nymex crude -- still at a relatively high level considering the last few months where we have seen this movement. 38.95 per barrel. barrel coming down to 1248.90. to 1248.90.ng down sherwin-williams taking out valspar. jonathan: you might want to dig starwood says revised marriott 8536 dollars per share. starwood saying the revised marriott, $85.