you mention suncor but what about oil sand production?es of getting production going again. suncor has shut down its operations justice it was getting back to work. it has evacuated its employees in the expect haitian is that most of the 8000 workers will be evacuated. the shutdown continues but we should say when you shut production, it sends the price of the commodity higher. if you look at the toronto stock exchange, the energy stocks are one of the bright spots. au are seeing a little bit of lift because of that commodity price and we are also watching the nigerian delta and some other supply issues. that is giving a bit of a boost to the stocks in the hope that they can weather this storm but not all of them will. the price may well be higher if they can. scarlet: thank you so much. next hour,in the david will speak well -- with chief officer and the prospect of a fed rate increase in june or july. ♪ . . iaae-m" david: it is 2 p.m. in new york , 2 a.m. p.m. in london in hong kong. welcome to bloomberg markets. from bloomberg's world

place for several small camps and it amounts to about 500 to 600 people being evacuated north to suncor. meanwhile, there is a precautionary evacuation in place at this time. lauren: the fire for his 90,000 people to the fort mcmurray two weeks ago. they have not returned. nicole: the probable cause of last year's amtrak train crash is expected to be announced today. investigators reportedly will say engineer brien posthumus distracted by radio transmission and the moment before the crash which killed eight people and injured more than 200. those transmissions were from a local commuter train operator who said iraq had shattered his windshield. rasheed told investigators he was concerned about the welfare of the train's engineer and for his very own safety as well. lauren: hard to imagine a year ago. let's get caught up. the next bank in asia but most green arrows. the japan up 1.1%. the hang seng in hong kong of 1.2%. it was the shanghai composite was down by a quarter of 1% today. nicole: all three major averages are a passive percentage in back open again and closed yesterday for hol

and canada still topical, putting pressure on the likes of suncor energy.hat is where he are on the asset classes overnight on fed commentary. that is get the bloomberg first word news with tom mackenzie. tom: following from what you are talking about, two federal reserve bank presidents say at hikestwo interest rate may be awarded this year, as the economy continues to expand and inflation picks up. it pushes back against expectations that the central bank will delay actions next month. is that theseng are projections at a point in time. they are not promises. so i do not know how many rate increases we will have. two,ntly, my assumption is possibly three. but i do not know. it depends on how the economy vaults. >> i actually think two or three, given where the economy is, the job growth we have seen, the inflation data we have seen. motor shareshi have plunged after the company said it used improper methods to test the fuel efficiency of the vehicle. it first originated with mitsubishi motors, and suzuki will brief the media on the issue at 8 a.m. u.k. ti

canada's biggest energy company, suncor, has restarted operations near fort mcmurray.fted the last mandatory evacuation orders and production begin again. they say thousands of employees are back, with the number to double in the coming weeks. it forced about 80,000 people to leave fort mcmurray. and china has upgraded its mapping system, putting a second satellite into orbit. it was carried into space by a long rocket and will join a network of satellites helping urban and rural planning, land surveys, disaster response, and environmental protection. due to be launched by the end of the decade. this is bloomberg news. india's finance minister says he has every confidence in the reforms proposed by the government of narendra modi. us, heg exclusively to said the overhaul of the economy has changed the way investors regarded deal. he also stressed that more changes are underway. >> if you look at the performance of the government over the last two years, i think we took over at a stage where the rest of the world had almost started disregarding india. the government sta

canada's biggest energy company, suncor and others, including phillips 66, have pulled workers out ofhe area. north korean leader kim jong-un said the party congress he would not order a nuclear first strike. he told delegates that the north was a responsible state and would use only weapons if attacked. kim a five-your economic plan, north korea's first since the 1980's. it's intended to revive a stagnant economy and improve manufacturing. it also calls for better relations with the outside world. reports from india say authorities have asked interpol to issue notices for the rest of -- [indiscernible] he's living in the u k and is said to own about one point $4 million connected to his defunct airline. india has asked the british government tount extradite him. powered by overturning 400 journalists in 150 bureaus around the world, this is bloomberg news. key eventsa look at that may drive asian markets this week p rejoining us from melbourne's alan off to her, chief economist at now. are these signs of stability, or are we still on shaky ground? alan: i think there are signs of sta

canada's suncor energy has evacuated thousands of workers as wildfires shift. wind change happened as the company was resuming work. destroyed onas tuesday. the fires have cut output i 1.2 million barrels a day. the u.s. has eased sanctions on myanmar as it makes progress towards democracy. on kenton lifted curbs state companies and banks. thailand has concern that it is barring all visitors to a popular island. it will be off-limits from october. the island has the common extremely popular. all of thailand's marine national parks are closed for the rainy season. powered by over 2400 journalists and 150 bureaus around the world, this is bloomberg news. china's third most important official said he listened to differing views on hong kong. he is due to begin speaking at now on aany minute trade network linking asia and europe. deploying thousands of police after opposition groups said they would protest. what message are protesters trying to get across here? we are just around the corner from the convention center. protestersdozens of standing for a while now. w

suncor remote lysed its operations. mobilized its operations. up so it's a better picture. alix: thanks very much. scarlet: it's time for the bloomberg business flash. in bed hassch secured the european union approval for its $106 billion takeover of sab miller. they will offload brands to combine the world to biggest brewers. they will create a 59 billion dollar fund to support south africa. carney of bank of england says it's his job to tell the people of england the risk of leaving the european union. he is denying accusations he has become politically involved and is defending the forecast that a brexit could lead to a recession. >> in the same spirit of goodwill, i would ask you to dismiss something which i feel will be brought up and that's that [indiscernible] you are a former managing director of goldman sachs. i want to give you the opportunity that goldman sachs may have put pressure on you. >> wow. it's not an allegation, just an opportunity to refute. >> i refute it categorically and them stunned. >> thank you. alix: the vote is sche

the oil producer, suncor energy, has evacuated three sites and is restarting in northern alberta. -- lost oneost it million barrels per day because of this. 24 hours a day powered by 2400 journalists in more than 150 news bureaus around the world. back to you. betty: thank you. let's get more in the fed minutes. most said the june rate hikes would be appropriate if the economy continues to improve. joining me now for more is a global quantitative strategist at the investment institute. were you surprised by the nature of these minutes? found really, they another way to use a lot of words to say they are data dependent. andgs happen between now june. we might raise rates. the numbers do not really agree on what that means. just covering our options. >> way to see what the data says p are you make it sound simple. why are the markets reacting so strongly? >> i think it is a struggle of whether the news is good or not. good news has led to central banks becoming a little more tight around the edges. ae paradigm has shifted little bit where the fed come the european central bank, bank of

oil company,est suncor, has pulled workers out of the danger area.ng-un told his party nuclearwould not fire weapons at first strike and would only use them after being attacked. he released a five-year economic plan, the first since the 1980's. they have a plan for their economy to improve power supplies, economic manufacturers, and connections with the outside world. and the convicted drug lord joaquinel chapo -- lord guzman has been extradited to the united states. he escaped out of the original prison cell last year after tunneling two miles under the shower. this is bloomberg news. the latest trade in foreign exchange data in china points towards moves up, but the numbers are slightly positive at best. stephen engle's is here now with more. was lookingryone for stability and we've got it, sort of. it rose 4.4 percent. that is the second month in a row where it rose in you on -- rose in yuan terms. but a weaker currency helps exports in china be more competitive a broad but they are not really banking on a big boost against getting the economy ou

suncor's 4000 employees are back with a number to almost double.dfires earlier this month forced around 80,000 people to leave for mcmurray. disney says it may take legal action against china's new theme park after snow white and captain america look-alikes worsen at the opening. bloomberg updated number present the company. shanghai disney will open in two weeks. it is said that disney is one tiger is no match for his [indiscernible] hong kong democracy activists jailed onby police -- charges relating to the confrontation. he was given a five weeks -- 2014 incident at the height of protests in this eight. local tv filled him in handcuffs being punched and kicked. go on this week beauty was released on bail after filing an appeal. powered by over 2400 journalists, this is bloomberg news. angie: let's check in on how faring, goldre falling for a ninth day. size at the u.s. recognized may be imminent. robert is joining me from sydney. i want to talk about india. their finance ministers that india's economy remains on track and yet, we see evidence of

home to oil and gas producers, including suncor energy and conoco limited.ed by 150 new spears around world. >> off the highs but as you mentioned come out pacing the thousand the s&p. this is largely on biotech strength. we have the biotech index up nearly 3%, having his best day in three weeks, participating. but when we take a look at a chart, the downtrend, it would be interesting to see whether we prove if this would be the countertrend, the more downside in the month ahead, or the start of something new. one of the biggest drags on the nasdaq, although the stock is off of the lows, all this after the chinese online retailer beat first-quarter estimates but salesd a second quarter -- really talked about the impact of the economy. he is not buying it and said the rival alibaba is just fine. perhaps the buyers are going to support the stock higher. you mentioned nasdaq best sector's health care and biotech and what about tech stock? what notable names are trending so far? boost is amazon? amazon. amazon will be the number one apparel retailer by 2017. on

suncor says 4000 contractors and employees are back. earlier this month forced around 80,000 people to leave for mcmurray. and lawmakers in cambodia have launched a petition they claim is government intimidation. they allowed petitioners through to avoid potential violence at buckingham palace. critics say they are stepping up attacks on the opposition that of elections in 2018. local media has been ordered to use its full title, board prime minister and supreme commander. powered by journalists around the world, this is bloomberg news. thate turn to a company has been described as the apple of pc gaming, razer develops ruddock's for pc gamers -- develops products for pc gamers. razer says there is still a market for their business. the ceo joins us. you are one of those rare unicorns that could also be a cockroach and survived. -- and survive. why do you think gaming is the future? how are you writing out this incredible growth? guest: right now, gaming is bigger than movies and music, and pretty much everyone is a gamer. gaming has gr

rebecca: it's interesting, because today even as companies including suncor and conoco phillips weretting down production, they were talking about getting it back up again. the massive fire that has extended to double the size of new york city in northern alberta continues to spread, but it is moving east, away from the oilsands facilities, which is giving them some comfort they can start the process of getting production back online. today, with mckenzie they were saying it could be about a week before they get things back up. it could take a wild longer to get production back up to full capacity, but about a week from when the immediate risk subsides. rishaad: some workers in the oilsands have lost their homes. entire neighborhoods in fort mcmurray were incinerated. what are you hearing from these people, and will they return and rebuild? rebecca: it is quite amazing, the result of this community. it is a very tightknit community, and most people are involved in oil and gas, connected in some way. extremely well to. people from around the world. i was interviewing a lot of them sou

suncore said operations north of alberta are expected following a massive wildfire in the area, suncoras moved 4,000 employees back in the region and bringing in another 3500 this week. >>> air france-klm says it is in talks to sell a stake in its catering unit to china's hma group. that business is worth about $529 million. hma is stepping up global expansion agreeing in april to buy swiss airline catering group for $1.5 billion. >>> reuters reports several japanese and chinese suitors interest in cit unit. first round bids for the leasing a fleet of over 350 planes are due in june. and the ceo of singapore's noble group yousef aliriza has resigned. after being accused of overstating its assets by billions of dollars. known shares since then down about 75%. >>> back to the markets. u.s. equity futures, again, last trading day of the month. you can see there are green arrows. dow up by 20 points. s&p, a point higher. nasdaq up by 5. we want to check out the treasury market. joe was talking about the fmoc comphevn comments. >>> take a look at what's happening with the dollar. right now,

suncor energy has abandoned three sites.ne million barrels of production a day because of the fire. rescuers are searching for 200 families missing after torrential rain. at least 19 deaths are blamed on the weather so far, a mud is making it difficult to use heavy agreement in the search. leaders have called on followers to take to the streets today, trying to force a recall election. their suffering from widespread shortages of food and plus inflation is in the triple digits. government with the budget police have forced sanctions. they're discussing what to do after spain reaches the budget limit for the fourth. in a row. that could lead to a fine. the acting minister's government may not be penalized. the eu may decide not to do anything. spain prepares for a second election in six months. global business news 24 hours a day, powered by our 2400 journalists in more than 150 bureaus around the world. francine? francine: thank you. we are looking at live pictures from the u.k. parliament where queen elizabeth is just start

companies like suncor and royal dutch shell are cutting back production and opening work camps for fleeingnadian managing editor joins us now from toronto. these pictures and videos are unbelievable how fast this thing is spreading. what is the latest? >> the fire is contained. the province has updated us and they say there are 49 active fires including seven that are out of control. it shows you how bad it is on the weather is not helping. we've got temperatures around 30 degrees which is 90 for you guys. strong winds are disturbing the fires in making it difficult to control. there have now been evacuations in some of the smaller towns around fort mc murray which were safe yesterday. there is more dislocation and more evacuations going on. we talked to people who literally had flames hitting their car wheels as they leave town so it's been a dramatic week in northern alberta. alix: it's unbelievable. scarlet: and the pictures are stunning but this is part of the annual wildfire season so tell us how it spread so quickly? >> these fires tend to start much later in two later may and june a

. >> it was suncor that was most effective.mpany about the status of its operations? >> several producers have been affected by this. the one million figure is a confident look at what is going on across several producers. canadian natural resources as well. it stands to be 40% of oilsands production. is lot across the energy sector for sure and economically, it will take a lot of time to recover and get back to her things were. >> more broadly, are the conditions such that we might expect more from these wildfires? >> looking ahead of the forecasts, officials seem to be saying cooler temperatures will prevail over the next few days. rain andct more light the cooler temperatures yesterday allowed officials to get the fire under control. classy mentioned this was already a region suffering because of the dramatic drop in oil prices. i think i saw a billion dollar figure but that was a few days ago. in termswe expecting of the cost to the region and the federal government in canada? >> it is unknown. she is warning she is taking

suncor energy has evacuated.neda has lost about million barrels of production a day because of the fire. global news 24 hours a day powered by our 2400 journalists in more than 150 areas in the world. jonathan: check out this charge. investec confusing leaving to periods see volatility come up in the end, it is a mission to know where it's the start of 2015. this is easy. more next. itid: yogi berra might call market dÉjÀ vu all over again. ofre has been a lot volatility and shifting investor sentiment and when you add it up, the market is moved to less than 1% since the start of 2015. did you identify our mystery chart that jonathan said everyone should know? it is the s&p 500. it has been stuck sideways in a treating range for years now. joining us is our hogan. the s&p had an all-time high almost a reg out and it has been ranged around there since then. >> first and foremost, we need to see earnings. we have had four quarters of negative earnings growth and that included the last quarter reported. importa