vonnie: that was narayana kocherlakota. on the european the end of the thursday session, final session of the week. ♪ -- vonnie: this is the european close on bloomberg markets. ♪ mark: we will take you from new york to london in the next hour, us covering stories out of paris and china. hereunder top stories we are following around the world -- here are the top stories we are following around the world. in europe, the stoxx 600 inching lower. the french election looming, will we be in for a shock no matter who wins? vonnie: president trump decides not to designate china a currency manipulator well saying that the u.s. dollar is too strong. we will look at how china is viewing the administration. business, tank earnings season gets underway. he

, narayana kocherlakota .m a beautiful new york city, you are watching bloomberg. ♪ jon: from new york city, this is "bloomberg daybreak." as we count you down to a day risk off. yields are lower. 2017 lows. down another basis point on a u.s. 10 year. we come in by .25%. let's get you up to speed on the headlines outside the business world. emma: president trump has indicated there are deep divisions between the u.s. and russia and that relations could not be worse. the president spoke at a news conference with the nato secretary-general. president trump: it would be wonderful if nato and our country could get along with russia. right now, we are not getting along with russia at all. we may be at an all-time low in terms of relationship with russia. we will see what happens. emma: meanwhile, at the u.n., russia vetoed a resolution that would have demanded syria cooperate with an investigation into the chemical weapons attack. u.s. says assad carried out the attack. russia rejects those allegations. in asia, no

there are you on a kocherlakota -- mariana coach a lakota tackled the question when he was on bloomberg daybreak: americas earlier today. narayanado think people on the committee find it easier to do their job without having elected officials commenting so directly on monetary policy choices, but they are given independence, they use that independence, they will do what is best for the economy, regardless of what the president or other elected officials may say. chair yellen may do that but if she is not renominated, the next person president trump will put in will not have that kind of independent mindset and will have a closer relationship with the white house, and there is a credibility issue there. what deep with the chances of that as? narayana: i think yesterday's comments from president trump of -- ichair yellen were welcome to them. i thought he seemed more open to the idea of reappointing her. that if you reason look at the outcomes the fed has enjoyed, unemployment is low, inflation remains close to target. i think it will be hard for him to argue that she has not done the job that has been given to her. i would say, i