londonncine lacqua in with tom keene in new york. we are getting breaking news.n lowering their gdp forecast and

londonncine lacqua in with tom keene in new york. we are getting breaking news. the commission lowering their gdp forecast and lowering inflation forecast for the euro area. he inflation forecasts are the real key. the australian bombshell. there is a time to her three times every year where the wind shifts. this morning feels like that. with the australian shock of new low rates. of deflationregime and disinflation fighting going on as we speak. francine: it's something we have been trying to fight. i guess this is a shift in the wind. realization that central banks seem powerless when it comes to fighting inflation. let's go straight to bloomberg first word news. republican presidential front runner donald trump may be on the verge of delivering a knock out blow. poll shows trump with a 15 point lead over ted cruz. cruz says he will keep campaigning in a longshot bid. for the democrats, hillary clinton and bernie sanders are in a tell you race in indiana. 90% of the delegates she needs to become the nominee. european companies are rushing now that international