latest, philadelphia's fed president patrick harker joins that june hike is appropriate until data weakensrker is not a voting fmoc member this year. the focus will be on comments coming from janet yellen on friday. >> yes, at harvard. >>> big banking conference underway. financial meeting in madrid. the brexit debate is certainly front and center. our jeff cutmore joins us live from the gathering. good morning, geoff. >> good morning to you. low european growth and a fear of summer rate hike from the fed are not far away from every conversation taking place here. it is front and center, that near term risk of brexit that is focusing minds here at the financial forum. let's take a look at comments here. i'm going to start with the chairman of zurich insurance. this is what he had to say about the risks they are facing. >> it's very difficult to predict what's going to happen next year. the political and financial uncertainties at this point in time, especially the first three or four months of this year were indeed exceptionally high. >> reporter: well, ing has had a tough start to their y

. >>> the president of philadelphia federal reserve is ecing recent comments of other fed fi patrick harker said the central bank should raise interest rates at the next policy meeting in june. that is unless there's a shift the economic data between now and en. he added that hcan e see thr.to three more interest rat >> uate to a potential merger that wven reporting on. monsanaste behr's $6 billion offer, calling it "financially inadequate." monsanto's ceo said theni offer failed to address ncg andulory risks. however, the world's largest c isn to continuing talks. behr says it's looking forward to gaining in constructive discussion. shares of monsanto cedore than 3%. >>> the deal news hewlett-padil s off it with computer vices business scieescorporation. the combination crees a company with $26 billion in an revenue, expected to deliver $8.5 billion to hp enterprise shde separately, hewlett-packard enterprises which is itself a spinoff of hewlett-packard reedng in line with wall street ess. shares of sharply in after-hour trading on news of the . shares of computer scienceo ikyoe there. >>

that's who he is, patrick harker. the fed meets june 14th and 15th. er not a voting fmoc member this year. so whether what he says matters, it's a bit of debate. >> do they care about the consensus around the taken. >> whoa, that is that's marine-like. >> yeah. tight. >> i got sheared. >> whoo! >> summer thing. >> acceexcept it rains every da. >> no, it doesn't. >> saturday and sunday. >> depending on which forecast you're looking at. >> last week? >> yeah. >> it's a little title. >> did dealing with these things, we'll deal with it. things could be worse. hair loss is not the end of the world. >> you go short -- >> no, i'm just trying to figure out the right system. >> that is the only issue i'm not dealing with at this point. >> yeah. this is like you know what, we should focus -- who's the guy with the hair system now? >> guy sperling. >> we're like this. there's a guy that -- >> i'm not only the president, i'm also a client. >> this has been a while. not as front and center. the ads on tv are still -- totally bald guys on the before. and they total

philly fred patrick harker, minneapolis fed president neel kashkari and dallas fed president kaplan speakingliams sonoma and lions gate out after the close. tiffany, if you want an example of how it's hurting corporate america. tiffany highly exposed. not just overseas in markets like japan but in u.s. flagship stores where there are so many tourists just not spending very much. >> tiffany is considered high end? >> very high end. luxury rea little. >>> the dow and s&p coming off the best days since march 11th. joining us now to discuss it further, senior vice president. thank you for joining us. we've gault a strong dollar, those two usually aren't correlated together and also strong equities in the nation of the stronger dollar. this is kind of a great cocktail. >> well, i think we have tailwinds at long last in the global company and particularly the u.s. economy. we think we're entering a period where three weights that held down economic growth have been lifted. >> those three weights are? >> so we start with, of course, the manufacturing contraction in the u.s. has come to end. >> are

one other speaker patrick harker is another to suggest. its effect more on the dollar than equity markets. >> thanks for that wi, wilfred. let's bring in tim courtney who is cio at senior wealth adviserers joining from us oklahoma city. tim, good to have you with us. as wilfred was pointing out a bit of a quiet day yesterday. is this the way it is as we get more clues coming from the fed? >> yeah, i think so. the earnings have been weak. this first quarter was very low. the market expected that to be low. but we're at an earnings level in the s&p 500 that is about the same level that we saw in 2012. so earnings have been weak, especially coming from the energy sector but that was expected. so, i think until we have more information from the fed which we would guess, probably they're not going to be as aggressive as maybe -- as maybe it's been made out to be. but that will definitely give some clarity. but the earnings are certainly not moving the markets higher at this point. >> so the earnings already not very inspiring. you're talking ab

from john williams and patrick harker of philly. tomorrow, the bank of england governor faces mps for the last time before the pre-eu referendum. bloomberg customers can follow as a get theine go rate decision from the bank of canada on wednesday. on thursday, the g7 leader summits getting underway in japan and we round off the week with the first flashes of gdp from the united states. >> as you mentioned earlier, of his political divisions laid bare in the latest election. we will bring you the full details. ♪ manus: you looking at a rather dull day in hong kong. we are up one quarter of 1% on the hang seng index. there is a lot to digest this week. g7, yellen speaking. what will they do next? rishaad: a buyer is offering to buy monsanto offering $122 per share. it is an all-cash bid. ryanair forecasting earnings growth to slow this year even as the prophet jumped. if the biggest discount airline expecting rates to rise 13% this year after a 14% surge through to the end of march. this comes as a lower ticket prices to entice custom

patrick harker speaking about the fed's next move yesterday. watch what he had to say.you a definitive calf for how policy will evolve, i can easily see the possibility of two or three rate hikes over the remainder of the year. david: fincher janet yellen is set to speak in harvard later this week, and again early next month before the fomc's next meeting. joining us now is liz ann sonders, charles schwab senior vice president and investment strategist. how busy is the summer going to be for the fed? they going to raise? liz ann: you have to take them at their word. i have to give a shout out to a friend of mine. he was the vice president where i went to school. i do think there may be a problem with too much transparency and too many words, it gets confusing the markets to some degree. they have clearly honed in on the message about june or july. i think the briggs a vote is the key to whether they often to wait till july. is a lot of assumption that they would not move in a meeting that doesn't have a press conference, which is july, and they can always add a press co

we're going to hear from philly fed patrick harker and kashkari and fed president from dallas speakingoday. and hewlett packard will merge with computer sciences in an $8.5 billion transaction. shares of both of those companies are up sharply on that news. hp up by $1000. h hewlett-packard enterprise will meg whitman on the company's conference call talk about it. >> the remaining hewlett-packard enterprise, this transaction increases significant value by unlocking higher margin and strong free cash flow business. hpe will have $33 billion in annual refusal knew will focus on secure, next generation, software that leverages a world class portfolio of storage, networks and helium cloud platform and software assets. >> meg whitman is joining david faber on "squawk on the street" later on this morning. >> it opens up and two little ones come out. >> it's the fed yesterday in the day, they actually, definitely handled something? >> perhaps. look at the rally. if you look at the rally, maybe the market is not worried. >> we're just getting back to where we were. >> nothing has changed. are