ultimately i think if you look at fundamentals, some repricing was warranted.nk we went a little too far . why do you want to buy u.s. treasuries at this level? priya: i think we have had a lot of pressure from a ton of corporations. corporate issuance, we are running higher in the last two years. -- a lot ofen supply to put pressure on treasuries as well. we will be heading into memorial day, less insurance that less issuance. when we focus on fundamentals, and think it is about the data. we are surprised by the consumers not spending as much as they should. the consumer has a good job market and low oil prices and yet retail sales have been week. i think we will reassess and say, maybe this is a 2.5 percent gdp quarter, which is better than the -1% we are tracking for the first quarter. it still keeps september on the table. we didn't just have really strong housing numbers that have some thinking the rate hike might come sooner. you have a year and forecast for a yield of 2.3%. analysts at goldman sachs are looking for a higher yield. for both treasuries in

they are repricing but they do with their wealth management funds.he cfo and i said is this is goes against? guest: we are pleased with what is a very strong quarter. we have a very sell it start to the year. all of our businesses performed well in a challenging environment. our ot is 14.4%. i think it shows the benefit of having a strategy that is clearly defined and defined early. we have a very disciplined execution. i am sure this is not as good as it gets, but it feels good. manus: wealth management is why people value your stock. the quality of the money coming into the bank, did you land a big whales? was there anything that did particularly well? guest: we were pleased with the balance with what we saw. if you look at balance, we had good contributions from aipac good from europe. we were positive. if you look at the global wealth management, we'd had good flows in the united states. quality was good and diversification was good manus: tell me what it might be are you turning the posits a way that it up possible? how will i know guest:? in te

so we're likely to see a repricing in the u.k. rates market in favor of rate hikes in the beginning of next year. so the pricing in the rates market and a change in that will impact sterling significantly in the short term. >> there's an argument against that phyllis, some are saying we may have to wait label longer as far as rate hikes are concerned. what do you make of that view? >> it's not clear that's the case particularly when you see unemployment in the u.k. declining as it has been and particularly when you see the slack in the u.k. economy narrowing in the way in which we've seen it materialize. so like i said you know the growth picture has improved significantly and that is what we think the bank of england will focus on and ultimately that will be a boost to sterling. short positioning in sterling is still quite large because short positions were built up into the election so we're likely to see those short positions -- short positioning unwind in the next few weeks and perhaps months. >> fils thank you so much. you ar

if the number is very constructive that could be bad news for asian equity ifs the market starts repricing june rate hike by the fed. back to you now. >> absolutely. all eyes on that jobs report. sri, thank you so much. still to come on worldwide exchange, right through the u.k. election campaign opinion polls had the two main parties neck and neck. with the conservatives beating labor by some margin we're asking what went wrong with the polling data. that's coming up. the pursuit of healthier. it begins from the second we're born. after all, healthier doesn't happen all by itself. it needs to be earned... every day... using wellness to keep away illness... and believing that a single life can be made better by millions of others. healthier takes somebody who can power modern health care... by connecting every single part of it. for as the world keeps on searching for healthier... we're here to make healthier happen. optum. healthier is here. >> they're set to form a majority government. >> elsewhere the labour leader according to the bbc has re-signed after the party loses key seats in th

it raised basically repriced it up 1.5% on all the indexes and we sat there.'t so much about people changing their minds it was saying it could have been worse. let's reprice it at the top of the range that we've been in for months now. >> what do you think, evan? >> the story of the week. not to disappoint the stock watchers out there. it's the bond market. the store riff the week is bond investors will finally discover this weekend when they check their mutual fund bond prices that you can lose money in the bond market. up until this week they were up on the year. if you were long-term bond you were up. we had a week in which the 30-year went over 3%. the ten-year went over 2.30. these are significant and i think next week will be interesting to see whether or not investors react to the fact that they sudden did i realize they can't lose money. >> we have a new trading range perhaps in the yield. what do you think? do you think it's going slightly higher? >> i should declare my interest. i've been short long-term bonds for almost a year now. >> 20 years? >>

now the olsen twins will not reprice their role. we have lots of tanners to look forward to.stion. >> we can do that now. >> that's true. probably a lot of actors and actresses that would be willing. >> i would like everything they did not have back then for "seinfeld." >> i'm glad you brought up "seinfeld." we will talk jason alexander. he is synonomus with his character and now he is teaming up with larry david. he is stepping down and asked jason alexander to step in. why am i telling you this? jason alexander might be the only individual on the planet who truly understands what goes on inside larry david's head. >> what's it like being inside the mind of larry david? >> it is very confuseing in there. it is also very liberating. you can say or do just about anything. it is the land of the uncomfortable. you put on horns and run through the china shop. >> he also told me larry david is very sweet. that is something people don't know. as for jason alexander's children they have only seen four episodes of "seinfeld" ever out of 180. >> you know what they will do on the next

and weak sentiment on personal computers is a repriced into the stock.e have been talking a lot about dupont and why that is declining after it won a victory and the proxy battle against nelson peltz. investors, a kerley, not super happy about that victory. betty: thank you. investors not very happy about that. julie hyman, senior markets correspondent. another stock, shake shack reporting after earnings after the bell or reporting earnings after the bell. the burger chain is under pressure to show investors it is worth its lofty valuation, hovering north of 700. bloomberg west editor at large cory johnson is here with us now. mark: burger issue not a. betty: people were saying when this ipo to, is it worth this valuation? >> business is growing dramatically euro per year, which is great, but this is like , theyeat restaurant stock grow because they add stores. same-store sales is also pretty good. their addition of stores is the way this business is going to grow and growth investors, certain sector of them, love restaurant stocks and a was half. mark:

innocent czech civilians, and burned to the ground the two villages in which they had lived as a reprical for the assassination of a leading nazi rinehart. the war cabinet met to consider the response. churchill advocate using the next moonlit night to, quote wipe out three german village. ernie bevin the sledgehammer, agreed with him. quote, german response to brute force and nothing else. the secretary of state for india, leo amerry was more ferocious and advocated bombing highly populate up toes, not just mere villages. but then datley produced a moral consideration, quote doubt if it is useful to enter into competition in frightfulness with germans. herbert morrison backed him up. if the royal air force purposefully bombed german civilians, a cycle of frightfulness would ensue and then quote public will say why did you draw this down on to us? the secretary of state for air a liberal archibald sinclair introduced a practical consideration. momming civilians would represent, quote diversion of effort from the military objective, and anderson agreed. quote, it costs us something and the

. >> reporter: repricing his iconic role in "terminator."e only familiar face back on the big screen. tom cruise returns for a fifth time in "mission impossible." >> are you ready to be exalted? >> reporter: and the kings of tampa are back hitting the stage in "magic mike xxl." this summer will see the return of "ted." find out what all of the raptors have been up to in "jurassic world." and take a vacation with the next generation of griswalds. if you are looking for something more original there is something for you, too. the rock sets out to save the day and his daughter in the earthquake disaster movie "san andreas." meanwhile, melissa mccarthy is joined by an all-star cast in "spy." >> you got to be kidding me. >> we're not done yet. this summer picks our nose where it has never gone before. inside the mind of an 11-year-old girl in "inside out." grab popcorn and take your pick. summertime at the movies is going to be spectacular. >> the never level is coming. >> for "today," joelle garguillo, nbc news new york. >> you may have noticed

straighting so much strength -- demonstrating so much strange and sharing stories of retaliation and reprical. this report exposes the grave reality for the majority of survivors of rape and sexual assault in the military. retaliation this the norm and is often severe. superiors either look the other way or they're engaging in retaliation as well. this report affirms what we see daily through our network which is that service members members who face retaliation have nowhere within the system to turn and know that most likely no one is going to be held accountable. this leaves survive yours with two practical options either suffer in silence or leave the military that you love. last year, as you heard according to the pentagon's own numbers, 62% of victims who reported their assaults experienced retaliation and that is a number that has gone unchanged over the past two years. you would think that these numbers would be raising alarms and would result in effective action from military leaders but inset the pentagon seems intent on downplaying the severity of the problem and discrediting victim

must banks have now repriced all their mortgages at bottom rates, interest rates.a positive for banks were normally raising interest rates is not good for them. mark: stocks have come off the ball since april. is that a good thing? richard: i have seen equities come back and they have got stretched, a lot of them. the u.s. gdp numbers probably were not a help. that is [inaudible] the real thing is consumer spending. at the moment although lending is -- has been growing for the past 42 months, that impact in spending has been come through. currently a large part of that is being [inaudible] they have not seen their wages rise. we are seeing mcdonald's talk. caroline: we will have to leave it there. thank you. ♪ mark: welcome back. the estoril you and central-bank cut rates by 25 basis points to 2%. dan petrie says that is because investors are not expected to get any more rate cuts. that was predicted by 25 out of 29 economists. the currency has been falling down by 15% against the dollar over the last year but since the rba lost on the seventh of april, it is among

i think the market has certainly repriced the risk of the euro or the eu exit after the election and probabilities are something in the region of 30%. we think the risk is lower than that and the risk for sterling is quite limited. francine: thank you for that insight. we are just getting that conference we are telling you about from zurich after several chief officials have been arrested in raids. >> it had to do with the attribution of the world cups 2018 and 2022. they rely on the attorney general for their current investigation and the important point to me is that fifa and the timing may not be obviously the best that definitely fifa welcomes this process and fifa cooperates fully with the attorney general of switzerland and the federal office of justice. it of course bonds to all requests for information. the third point is very important, this was also underscored by the attorney general in their press release, this was underscored explicitly and i wish to repeat this that in this case fifa is the damaged party. in this context. this leads to the fact that there were no search

we've seen a repricing in the market and they are taking positions as the market is going to be opening up both local and international investors. >> in general, there are some questions as to what's behind this big royal palace reshuffle. what do you think is the underlying reason for this? >> the underlying reason is they want to recreate the way the government is run and they want to bring in young people. the average age has changed of the three leaders from what it used to be with king abdullah at 86 years of age to now 57 years of age. prince mohammed bin nayef is a fantastic person who wants to bring change to this country with his father. you need to bring the young people because 60% of the population is below the age of 30. you need to empower these people to change the institution. these are historic monumental changes and more is yet to come. >> these changes come at a tense time in the country which is dealing with fighting in yemen, ongoing conflict with iran. can we trust that these albeit younger royals will be ache to make the right decisions regarding foreign policy? >

you guys don't breakout your average apr but i'm wondering if you're having to reprice a lot of the loansll us what the average apr is? >> yeah so far, along the average interest rate is point 5%. average apr is 13.5. that's been coming down. there's a very different situation. remember we're a marketplace. in a different situation from balance balance. >> interest rates driving interest rates down actually positive because that enables them to get access toand the earnings are what they're expecting. interest rates, drop that we made last year and last quarters where they're helping the efficiencies on the market base without taking away any of our revenue. >> i've noticed some of the traditional big banks like golden stocks and city group have gotten into your business a little bit. this idea of lending over the internet to smaller investors and businesses. what do you say to investors looking at your stock who worry about the low barrier to entry and anyone can do this and it might as well be the big banks with the brand recognition? >> there's a reason why we are the market leader in

i think that there is a more of a repricing in the treasury market and that's something janet has been about, the notion when the fed goes you're going to see a sharper reaction. they can talk down but to me, i think we're setdingting ourselves up for a small market now or a much larger one later. >> multiples tend to rise in periods of high interest rates. we're comfortable. >> the only encounter argument to that i've heard that sort of makes sense this that equity evaluations are already historically high. why do you have confidence they can keep going higher in this kind of environment? >> they're in line with history. i think there's an earning story that's going to play out in 2016 that can take equities higher. you're right. the u.s. is not looking at periods of excessive growth. >> sectors like health care financial, still growing double digits in a world where growth is becoming more difficult. >> three best performing groups in the s&p is technology health care. good to see you both on the markets this morning. >> in the meantime retailers moving in the opposite direction toda

is that a combination of investors repricing a fed rate rise and as well as reaction to the lacklusterrnings season? >> well to put things in context we live in the era of the all powerful fed. we started 35 years ago. 35 years ago he came on the scene and, you know he single handedly slayed the inflation dragon and then greenspan came in about 25 years ago or so came up with his famous put and all the central bankers, globally now are operating under the greenspan put that the markets have come to look at them as being all powerful and so forth. so to get to your question -- forgive me i lost my train of start. >> just the fact that we're seeing stocks and bonds move down something. it's not something we see on a regular basis. yeah. >> so coming into -- i'm sorry. so coming into this week stocks were at the upper end of the trading range. but what is seen as bad news is good news for the stock market and so as you rightly say, we saw the move together for the first time but i think that's noise and certainly once we get past this choppy market because we're at the top end of a tradin

. >> we've been trying to understand how to reprice inflationary expectations. what are you forecasting? >> for inflation? >> yes. >> i don't think we have an inflation problem for a while. i mean in the u.s., the core inflation rate is about 1.5%. probably see -- we get back to target at 2% maybe a year and a year and a half from now. if you tell me we had insnrags above target 2 to 3 now's from now. i don't think i would be argue with you. for the foreseeable future i don't think inflation is an issue. >> to what extent will markets be relieved that the u.s. dollar come back from its extraordinary run it has, is that an important factor for the markets and economy? >> yeah. i think multinationals are getting awfully nervous with this sharp appreciation. i mean all the trend lines look like we were going to pair pretty quickly. i think the stability around 110, 115 makes them feel a bit better. i don't think they should feel too comfortable those because i think we're eventually going to parity. >> in general over the last month or so let's say, it feels a very

. >> reporter: repricing his iconic role in "terminator."are you ready to be exalted? >> reporter: and the kings of tampa are back hitting the stage in "magic mike xxl." this summer will see the return of "ted." find out what all of the raptors have been up to in "jurassic world." and take a vacation with the next generation of griswalds. if you are looking for something more original there is something for you, too. the rock sets out to save the day and his daughter in the earthquake disaster movie "san andreas." meanwhile, melissa mccarthy is joined by an all-star cast in "spy." >> you got to be kidding me. >> we're not done yet. this summer picks our nose where it has never gone before. inside the mind of an 11-year-old girl in "inside out." grab popcorn and take your pick. summertime at the movies is going to be spectacular. >> the never level is coming. >> for "today," joelle garguillo, nbc news new york. >> you may have noticed that just to get in the spirit of summer we actually dropped the temperature in the studio. it is just like w

you're talking about a repricing of inflation given the rebounding in oil prices. and as you point out central bank activism which has had massive implications. not just on the bond market. currencies as well. want to switch your attention to what's happening in nigeria. you're looking at live pictures where nigeria's new president is being inaugurated. we'll get you more details as they emerge. switching to sports sepp sepp blatter opened day two of the organizations congress by calling for unity ahead of a presidential vote. wednesday's arrest of several officials on corruption charges caused a storm but they have the power and duty to change the face of fifa. >> security please. >> now as you can see right there blatter's speech was briefly interrupted as pro-palestinian protestors broke into the stadium. let's get out to wilfred tracking the story ever since it broke on what exactly happened. wilfred over to you. >> seema, thank you very much. that was a little bit of a protest, a palestinian protestor. one of the many items on the agenda is whether israel shou

investors are trying to reprice their expectation on when the feds will raise rates. a lot of that will have to do with the jobs report we get tomorrow and after that disappointing moment in march the question is will that begin until april. >> there is a possibility that we could be seeing the first rate hike until september. that could still be in play. the sell off we have seen starting a couple of days agatha is now deepening as voters are going to the poll. down 1.6%. the dax shedding more than 1%. the cac 40 off almost 1.75% you have the sell in the bond market and the higher euro dollar exchange rate and this is the picture of the bond markets. 2.27%. the ten year bund yield is the key focus for investors at 72 basis points. the euro dollar at a ten week high and this is pressuring the european markets. 11375. getting closer to the 114 level t. dollar still on the back after yesterday's disappointing adp data. >> now that we're looking at the dollar weaken finally against a basket of currencies some analysts say perhaps it's time to buy the multinationals which

. >> do you think the sharp reversal has anything to do with investors repricing their expectations of a greek deal coming together. >> no i don't. it's encouraging that we're not seeing a tangible amount of contagion between greek markets and other global markets. no, i think when we're rooklooking at the retracement in bond markets, i think the conversation was spot on. through february and march we were talking about why are markets rallying? this is ridiculous. german ten year bund yield reached below 5 basis points at one stage. what triggered the reversal is not clear. most people would agree bond markets have become overextended earlier in the year. >> we have to leave it here. thank you for your time. chief exist. i want to thank julia for everything. still coming up on the show secretary of state john kerry arrives for high level talks with vladimir putin. we cross out to moscow next. we'll be back in two. >>> welcome back. want to bring you the latest on the latest earthquake in nepal. now according to wires three major landslides have been reported in nepal's region and at l