he is offering 2 million mauritian rupees, more than £40,000.“ is offering 2 million mauritian rupeesn that will subsequently be used and will lead toa subsequently be used and will lead to a successful conviction in court for the people responsible for michaela's murder, then they are fully entitled to that reward. john and michaela were a well—known couple back home in northern ireland. herfather, mickey harte, is one of ireland's most successful gaelic football managers. michaela was killed at this hotel. she disturbed intruders who broke into her room. they panicked and killed her. two hotel workers later went on trialfor murder, but both were found not guilty. since then, john mcareavey has not spoken about the case but this week he has decided notjust to speak out but to act. nothing can ever bring michaela back. that we know. but the next best thing is that the people responsible for this heinous crime, a crime which resulted in a 27—year—old woman losing her life on a honeymoon, then that would bring usa a honeymoon, then that would bring us a lot of satisfaction. the hotel wh

the long-term nature remains very positive for the rupee. little there is still a bit of a risk in the premium because of the french election coming up. that continues to be reduced. there is very little chance for le pen winning. a will be unlikely she wins runoff if she gets into a runoff. there is a lesson less of inflation, but a relief to come once we get beyond the french election. the economics in europe continues to look better and better. yousef: excellent reporting. thank you mark and kathleen. let's get you another preview. we have pioneered national resources. he tells us why he sees the oil price advancing to $55 a barrel. currently brent at $54 and $.10, down half of 1%. shery: we look at saudi aramco's sale with one of the world's leading islamic lawyers. this is bloomberg. ♪ yousef: does bloomberg markets: middle east on bloomberg tv and radio. i'm yousef gamal el-din in to buy. shery: i'm shery ahn in hong kong and a quick check of the business headlines. china's follows but is 9%, the biggest decline since february last yea

probably strong indian rupee, a that would be one of the currencies i buy. my long-term currency cross is long the euro, short the pound. that's not a dream but a nightmare in my personal finances. that's what i suspect. big evide as the ecb approaches the point the other side of the french elections when they're likely to further slow the pace of bond buying, that's going to be a seat change, we have a euro that's lower than it was before this combination of bond buying and negative rates. once we turn the corner, the danger is a spike higher for the euro. >> so long indian rupee, look at that. and longer term long euro short pound. >> yes. >> kit, thank you very much. kit juckes, global head of foreign strategy from societe generale. >>> abb has bought the austrian brought bernecker and rainer for an undisclosed sum. it will be completed mid year. the company says it is funding the deal from its own cash. we'll speak to the abb ce abb ceo ulrich. spie spiesshofer. >>> and as os shares are off by almost 6.5%. the fashion retailer raising its full-year guida

these lunches cost less than six rupees a piece. that's less than 13 cents, and withth dropout rates downn acrossss the country, they're worth every penny. coming up next, an even simpler idea to fight hunger hidden in your average jar of peanut butter. malawi, to put it simply, has a food problem. there isn't always enough of it, and d there are rarely enough nutrients in what there is. children get hit hardest here. last year, more ththan 50% suffered from stunted growthth. but in 1996, a a nutritionist named andre briend decided to take on severe malnutrition everywhere with one idea. if there's no cheap nutritious superfood out there, why not invent one? he did, and today s formula is used around the world. see what happens in this film when briend's superfood is put to work in malala. narrator: malnutrition. every year, malnutrition kills twice as many children as aids, tuberculosis, and malaria combined. yet there is hope. an inexpensive, revolutionary therapy is saving children's lives right now. since 2004, project peanut bu

rupee, it is actually a positive effect, you have three things going on, if it takes 220, the dollarves lower into the mid-90s. >> what is your take on the technicals here, jim? >> the trend to me, the objective is only 9850. what is the most fascinating to me is the fed keeps talking about tightening and the interest rate marketing keeps saying they're not going to. after george came out today and said no guys, we're really thinking about tightening, as she said it, the dollar weakened. so it is fascinating, but 9850 is the short-term target. >> all right, we'll talk more about it. joining us, brian nick, chief strategist for investment. he will talk about the black swan for the market. all at the top of the hour, melissa. >> all right, thank you, jackie, we show note jackie is talking about the dollar, the pound is moving against the dollar following the british prime minister's announcement for the snap election in june. the investors are seeing a huge move in the pound against the dollar, what do you see here? we worry about the french elections and then the next worry is this. >

rupe was found guilty last year at a federal trial. he will now be moved to a federal prison in another state, where he will ultimately be put to death for the june 2015 massacre. nine people were killed and one other person ends the neck injured during a bible study and the predominately black church. i'm trace gallagher live in los angeles, updates throughout the night. >> bill: tonight more, and anda free speech college campuses. claremont mckenna college outside of los angeles, a group called shut down antiblack fascist heather mcdonald. organized a protest to deny mrs. mcdonald a chance to speak on campus. black lives matter was also involved. heather mcdonald is the author of a book called war on cops which states cold, hard facts about crime in america. again, the protesters did not what to hear what she had to say. she joins us now. so you did give your speech to pretty much an empty room. because these protesters were sickly blocking students from getting in in to see you, is that correct? >> right. they stood outside the wind

no change expected but look at an the rupee has been on absolute tear.nalysts say were probably meet resistance at the 64.7 level when we hear from the r.b.i. later today. watch out for the fact that they can be tinkering with some of their tools to keep excess cash in the system. that will probably be the main takeaway from the interest rate decision with no change expected to the cash rate in india. anna: lots of impact from the .ederal reserve minutes according to the minutes released by the federal reserve, most officials back policy change that would begin banks 4.5central trillion dollar balance sheet later this year. they reiterated their outlook for gradual interest increases. the question for investors now is how will sinking the balance sheet impact the fed? program have the on the . the key question for investors after these minutes, how does it impact the interest rate path and how much runoff in the balance sheet is the fed proposing as well? >> that's a really big question. from the minutes, it's not clear what kind of speed, whether they w

he's offering two million mauritian rupees — that's more than £40,000.le responsible for michaela's murder then they are fully entitled to that reward. john and michaela were a well—known couple back home in northern ireland. herfather, mickey harte, is one of ireland's most successful gaelic football managers. michaela was killed at this hotel. she disturbed intruders who broke into her room. they panicked and killed her. two hotel workers later went on trialfor murder, but both were found not guilty. since then, john mcareavey hasn't spoken about the case, but this week he has decided not just to speak out, but to act. nothing can ever bring michaela back. that of which we know. but the next best thing is that the people responsible for this heinous crime, a crime which resulted in a 27—year—old woman losing her life on her honeymoon, then that would bring us a lot of satisfaction. the hotel where michaela mcareavey was killed still exists and is still busy. six years on, it has been renamed, but what happened here has not been forgotten in mauritius,

the indian rupee push to his highest since 2016. aussie and new zealand bond yields moving higher.s driving the risk rally? part of it is down to corporate results. not to mention european ,olitical risk abating a little taking a backseat for now at least. the dollar strength in the against the yen to a two-week high versus the again. this is it over three days, up about .25%. the u.s. ten-year treasury yield also holding a five day gain. the reflation trade so far has been pretty much gone off course when it comes to treasuries. the 10 year yield forecast all the most in september. franklin templeton calling u.s. treasury one of the world's biggest financial bubbles. the past five days have shown a little bit different picture but we will see if that continues. guess where else people are talking about bubbles? the u.s. stock market, of course. , the s&pq hit a record 500 and the dow not far off their all-time high. the s&p 500 and shanghai composite and not been is split since 2008. that was just before the collapse of lehman brothers. manus: it's a new edition of daybreak, it's

they want to know if they're going to encounter at rupe and how many people are there.pons so they know how to respond. >> seattle's radar manufactured eagle time scored one of the first contracts for a sensor mounted on a small drone and measures the distance between objects even if they are moving and even in bad weather. >> the ability to have a small is unique. >> local law enforcement members who use drones to fight crime see a cost benefit. >> they give you real-time information at a very low cost point. in relation to man's assets in can cost up to 1800 dollars an hour pay the small drones are costing us nearly nothing other than man-hours. at a recent expo in san jose industry leaders praised the partnership. >> we know the capabilities they are. we know the cost savings are there and most importantly we know the ability to protect property and save lives is there. >> department of homeland security is open an office in silicon valley a signal that the federal government will continue to partner with startups to get these technologies into the field fast before

should apply not just to the major rupees that increase legislative burden -- regulatory burdens. it should apply to rules that decrease regulatory protection. that's accountability. raines is not about accountability, it's about staking out -- about assuming a poise, a posture. very good, any other questions from the audience? >> it's been an interesting conversation and people in both parties share the view that congress needs to assert itself. this is not a -- the view of one party. and in fact you can suggest that strong presidents in both parties happen decreased the role of congress. so it's something that it as democrat want to see congress more assertive and men of you republicans want the same thing. see what happens. >> yes go ahead. [inaudible question] -- to avoid -- i also know coming from the good environment and kind of the hire level of education -- higher level of education in middle school and high school, always viewed the president as this omnipotent point and i don't know if that it my current generation but buw do you see -- in order to avoid accountability a

we also have the indian rupee trading. brought ended out -- broadened it out. take a look at the french risk reversals, the european risk reversals, euro-dollar risk reversals. this is one we will pay a lot more attention to, the skew very much to the downside. let's get the first word news update with juliette saly. juliette: guy, thank you. u.s. secretary of state rex tillerson travels to moscow on wednesday, newly emboldened by the decision to drop 50 tomahawk missiles on a syrian air base. he is likely to face a tongue lashing over the attack from the foreign minister sergei blackrocr -- he was forced to retaliate after a chemical weapons attack. u.s. secretary of state rex tillerson has said america isn't interested in regime change in north korea. the comments came as u.s. warships were diverted to waters near the country amid heightened tensions over its nuclear weapons ambitions. tillerson also told "this week" that the country must stop all weapons testing before further diplomatic talks can take place. declaredpresident has a three-month state of emer

john mcareavey has offered 2 million mauritian rupees, almost twice the average annual salary. for murder, but were found not guilty. mark simpson reports from mauritius. back on the island where his wife was murdered. this is a returnjourney most people thought john mcareavey would never make. he first came to mauritius six years ago. it was his honeymoon. but, 12 days after getting married, michaela mcareavey was murdered. today, he announced a reward to help catch his wife's colours. his offering more than £110,000. catch his wife's colours. his offering more than £40,000. anyone can provide information that can subsequently be used and lead to a successful conviction in court for the people responsible for michaela's murder, then they are fully entitled to that reward. john and michaela were a well—known couple back home in northern ireland. herfather, mickey hart, is one of ireland's most successful gaelic football managers. michaela was killed at this hotel. she disturbed intruders who broke into her room. they panicked and killed her. two hotel workers later went on tria

eric: in a merging asia as far as resilience goes, we would say that indian rupee and philippines pesold be more resilient asian currencies because of reasonably solid growth in their economies, as well a central banks that are neutral to hawkish. we saw a reserve increase from the bank of india not long ago. the central bank in the philippines has created hawkish indications, despite lowering their inflation forecast. given the monetary policy stances and solid fundamentals we believe this currencies could be more resilient. yvonne: great to have you here, strategy -- strategist at wells fargo. in ang big returns autocratic regime. this is bloomberg. ♪ betty: speaking of emerging markets, dictators may be est friends. b they have doubled over their neighbors and the past years. good for investors here. >> as long as you disregard potential human rights abuses or freedoms that are clamped down on. isk, admittedly. we crunched these numbers and we are finding dictatorships are better than democracies when it comes to the yields on sovereign bonds in emerging markets. here you take a loo

strategists are scrambling to raise their forecast for the indian rupee after its biggest quarterly gain than four years. at least eight banks have upgraded their estimates in the past three weeks. month,ee jump to 3% last thanks to a surge in foreign inflows. yum china started late trading at its pizza hut chain and beat estimates. pizza hut beat store sales. analysts had expected growth to be flat. it signaled a strong start at the company after a spin off from yum brands. later today we are joined byyum at 10:40 p.m. here in new york. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. i am courtney collins, this is bloomberg. betty: the minutes of the last said meeting shows most officials for two rate hikes and a reduction in the balance sheet. bloomberg policy editor kathleen hays is here with more. bob nardelli staying with us through the hour. let's talk about the fed being more definite about the balance sheet. it is been said for many years the fed is commented on this or made statements about it officially. when normalizati

wells fargo that ity rally in currencies -- may actually refers quickly and that is in the indian rupees one of the that has done extremely well. i think that will reverse. when the portfolio flows slowdown, the currency will weaken. but what i'm most worried about is the rand in turkey. this could reverse quickly. you folks of are even covering what is going on in turkey but outside the politics, there is a large deficit that is getting larger at a time when growth is slowing. this is not what you saw in brazil last year or mexico this year. there are places that have not healed at all. china has gone the other way. to tom's question earlier, i don't believe we have had velocity at all. i think we have to understand how special and exceptional the last 12 months were. francine: do you agree with that assessment? what i like about this chart is that we charted the crisis in red. you can see us being steady but it isn't huge growth. it is trundled along. there's nothing exciting but it isn't bad. what bhanu baweja is talking about. i get a ton more yields in emerging markets if what i ha

. >> do you think this will swing back soon discuss a so many senators moisture say going to rupe legislationswing back or brinksmanship people shouting. >> i have been around dame 50 years i have worked on both ran congressional committee white house political director, for two terms so i -- i have seen lots of changes, and the most important change is that we have this severe partnership you don't associatelize any more don't say what should we do to make this work for good of the country what is good for democratic party republican party agendas is to i think we are at a situation whoever has majority ought to be able to move ball forward if country isn't happy they can vote them out. >> closer like a o he -- >> devolved into name-calling nastiness you see on line among elected leaders, lawmakers. it is sad and pathetic. >> 60 caucus rule basically means that member does not have each member is not acquittal. constitutionally eachen in is supposed to be equally. >> is to good to see you always don't see you enough. >> ask me any time happy to get up early come see. >> you thanks so much co