first word news, taylor riggs has more.onald trump has hit the magic number according to the associated press. number of delegates needed to clinch the republican presidential nomination. 1238, one more than what is needed. he was put over the top by small number of unbound delegates that told him they would support him. oilp is going to shale company to give his first major speech on energy in bismarck, north dakota. it is a state eager to hear how he could help the oil industry overcome its worst downturn in a generation. a bill allowing those those tovivors of the 9/11 attack sue saudi arabia. house republicans and democrat say it could invite legal retribution from the saudis against the u.s. military. copper oversight from the epa. congress is preparing to send president obama the biggest overhaul of rules concerning chemicals and for decades, giving the epa more power. companies like dow chemical's pushed for the bills because they wanted consistent rules to follow. global news, 24-hours a day, powered by our 2400 jou

taylor riggs has more from the newsroom. ylor: french prosecutors have rated google's offices in paris. it is part of a probe into possible tax fraud. it has to do with whether google's irish unit's permit we established in france and where it has declared all that's revenue. google is under fire in europe for the small amount of taxes it pays there. the company says it's cooperating with authorities. according to one egyptian fficial, there is sign that an explosion brought down the air jet in the mediterranean. remain suggested that there was a blast on board although there was nothing that indicated the cost of the explosion. and egyptian run news agency denies the report. voting rights are in the spotlight today. the federal appeals court hears arguments about a strict texas voter id law that was found to be unconstitutional last year. texas requires residents to show one of seven forms of approved identification. prevents fraudit and opponents say it is discriminatory. the concussion legacy foundation says former pro foo

taylor riggs has more. taylor: baghdad has been hit by another wave of deadly bombings. the attacks targeted shiite neighborhoods, and the islamic state spade -- claimed responsibility. more than 200 have died in the attacks in and around baghdad in the last week. in the moments before an amtrak train went off the rails last year, the engineer was distracted by a report that another train was hit by a rock. that was one of the findings. .ight people were killed they also said a key backup safety system was not in place. investigators say it would provided a technological safety net. bernie sanders is hoping to make it four in a row. primaries are being held in kentucky and oregon, and hillary clinton's lead is almost insurmountable. he has won the last two primaries. the senate plans to vote today on president obama's request for money to combat the zika virus. lawmakers considering three plans but a measure to cut president obama's request has the greatest chance to advance. the causes serious birth facts and is expected to spread more widely during the summer mosquito

let's check in with taylor riggs. : in brazil, the senate may decide if it is the last day in office for dilma rousseff. if lawmakers give their approval, recep would be required to step down temporarily. she is accused of illegally -- three bombings in baghdad have killed at least 80 people. crowdedmb exploded in a outdoor market in a mostly shiite neighborhood. 63 were killed and another 80 were wanted. islamic state has claimed responsibility. two other bombings killed 25 people. donald trump has narrowed down his list of vice presidential candidates. he says he has a list of five or six people that he likes, and he is not ruling out new jersey governor chris christie, a former rival who now heads trump's transition team. anthony foxx ones he could shut down the whole washington, d c subway for safety reasons. he almost ordered a shutdown last week and d.c. officials have not been able to figure out what caused incidents of electrical sparking and fire. yearsrst climbers in two conquer the world's highest mountain, among a number of disasters. they reached the summit today. nearly

taylor riggs has more. ller: donald trump is itching -- taylor:, donald trump is inching closer to the republican nomination. he has a two-point gain from the previous week. sanders leaves donald trump by 12 points, about 52 percent to 40% in a hypothetical general election matchup. that a trump has found a way to cut his income tax bill. records show that he transferred more than 100 donald trump trademarks into a new delaware corporation. delaware does not tax income from royalties on intellectual properties. among the trademarks he moved are his own name at some of his best-known properties such as trump towers. texas forecasters warned there could be more flooding. rivers crested three feet above previous records. upsident obama is speeding efforts to help syrian refugees. the obama administration has promised to resettle 10,000 syrian refugees in the u.s. but eight months after the program started, only 2500 have been admitted. sllies and advocacy group warned he could undercut his leadership by pressin

i'm taylor riggs. betty and caroline. caroline: taylor, thank you.ish prime minister called the british referendum vote the most important decision in half a century. tensions are escalating higher, so what impact with a brexit have on the emerald isle? the irish prime minister david was an interview today. >> it's a decision for the british electorate, is not for me to lecture them, but clearly this is one of the most crucial decisions being made over the last 50 years. from ireland point of view, we want very clearly that britain should remain a strong uncertain member of the european union for various reasons. that excludes trade and the impact on northern ireland. the fact that europe itself is much stronger with a strong britain. as a decision for the british electorate. >> is it all negative for ireland? some suggest you could see a huge influx of companies from sea,ss the irish particularly finance companies. >> you hear all kinds of possibilities. we are focused upon working in the interest of a stronger union and a better britain. and that b

taylor riggs has more from the newsroom. taylor: the first take on the long-awaited meeting between house speaker paul ryan and donald trump. rents previous said it went great, called today positive step toward party unity. so far, ryan has refused to endorse the likelihood -- likely nominee. another attack in baghdad following bombings that killed 93 people. a twin suicide bombings hit a police station, killing at least five policeman. another 12 policemen were wounded. no word on who was responsible. islamic state said it carried out yesterday's attack. relations has two more pieces of debris -- malaysia says two more pieces of debris are most certainly from the missing boeing 77 flight. it is more than two years since the crash is believed -- the flight was believed to have crashed in a remote session of the indian ocean. i am taylor riggs. mark? mark: taylor. i am going to throw to vonnie. vonnie: thank you. we are going to talk should near energy, because they found a new ceo. the company had been led by interim ceo near

taylor riggs has more from the newsroom.ise along hollande says unions cannot dictate laws. workers at french refineries walked out earlier this week, creating a nationwide shortage of gasoline. four out of five of the refineries are halted. in italy, business and consumer confidence unexpectedly fell this month, a sign of growing pessimism in the euro region's third-largest economy. italy's main business lobby expressed doubts about the economy strength. gdp is forecast to rise just over 1% this year. trade group has weighed in against leaving the european union. automakers are now saying that -- subjectd suggest them to terrorists. tariffs. rafael nadal is out of the french open. he was scheduled to play in a third-round match tomorrow. moments ago, we got the government's forecast for the atlantic hurricane season. there is a 45% chance it will be near normal. last year was slightly below the average with 11 named storms that included hurricane joaquin, which killed 33 sailors aboard a cargo ship that sank. the new season

taylor riggs is more from the newsroom. taylor: donald trump once supported restrictions on gun rights in the likely republican presidential nominee will address the national rifle association convention. tens of thousands of gun and busiest will hear him speak at the nra meeting in louisville, kentucky. he once criticized republican politicians who walk the nra line. in europe, there is a proposal from the imf that underscores the difference it has with european lenders over greece. should nots greece make payments until 2040 and the plan is contained in a document of tainted by bloomberg news and goes farther than anything proposed by the greek euro area creditors. the european union is set to renew economic sanctions against russia for six more months. the reason is a stalemate in efforts and two years of fighting in eastern ukraine between the army and russia backed rebels. russia, ukraine, germany, and france are discussing proposals to create demilitarized areas along the front lines. there ining hot out the desert of

that is taylor riggs. taylor: it has been called the most secure financial messaging system in the world. to moveed by banks money around the world. this attack involved in unnamed bank. they stole $81 million from the central bank of bangladesh. a report today says that a brexit could erode london's status as a financial sector. the vote is on june 23. the u.s. navy has fired the commander of 10 sailors who were captured by iran for 15 hours. he has been relieved of his duties. global news 24 hours a day powered by our 2400 journalists in 150 news bureaus around the world. jon: coming up, so much bearishness in the market. is it the end of the bull market? is it a sign of the end game? ♪ day to the beautiful city of london. if we close at these levels and we are four hours into the session so far, it is a fourth straight week of losses. let's get to the cross asset boards. the euro-dollar. yields are grinding lower. yesterday on crude, closing at a six-month high or thereabouts. lot to get through. let's c

i'm taylor riggs. coming up on the next half-hour of the european close, could spain beat punished for missing its deficit target? more to madrid on the country's political deadlock. several big firms report earnings. ubs,ll break down hsbc, and commerce bank it has been a wild 24 hours for leicester city fans as the team won its first ever english premier league 5000 to one.er how much will this boost the teams earnings? >> they are celebrating their. over here in the u.s., not a lot of celebration. you can see we are continuing this selloff. dow energy schiller's, financial, tech all getting hit this morning. mark: live from london and new york, i am mark barton in london. >> i am betty liu in new york. this is the european close. it is time for the bloomberg business flash, a look at the biggest business stories in the news right now. for the most part, it was bullish mount -- bullish month for automakers in the u.s.. they all posted sales increases in april. chrysler is reporting monthly sales gain

i am taylor riggs. betty: thank you.dit squeeze shares are jumping -- credit suisse shares are jumping. the plant cost cuts may wind down unwanted assets at a faster pace. they are the second largest bank. check out this chart. this is the chart of the hour on your bloomberg right now. clicking on right now. see how those earnings were split in profitability. mark: it's a great chart. it says that international wealth management, these are the areas that are the heart of strategy. they produce profits that the average estimates. that's a big plus. we spoke to the ceo earlier. france been -- prancing traveled to zurich. >> look what we are trying to achieve. international and asia-pacific have a good quarter. increasing margins periods not only did we grow, we had good assets. we generated one billion swiss francs. that's a big number. i don't think we have worse conditions then q1. billion targets. that does not seem so crazy anymore. is progressinget at ace. -- pace. we have savings already. we have the new structure th

let's get to first word news with taylor riggs in the newsroom. : democratic presidential whole old held a clinton raised about 26 lien dollars in april for her primary race. the campaign says it has $30 million in the bank heading into may. millionnow raised $213 in primary funds and more than $46 million for the national democratic parties. if former secretary of state is campaigning in. kentucky and west virginia, today the supreme court is leaving in place a ruling that advertising claims about paul wonderful were deceptive. they rejected the deal, ruling the company violated speech rights. ftc -- work.ally proven to in detroit says 87 of 100 public schools will be closed because of a threatened teachers strike. the teachers union encouraged instructors to call in sick after the district said they would not have enough money to pay educators this. summer emergency funding was made available in march. china's communist party is placing a property mogul and outspoken critic on probation for a year. this is after he offered online criticism. the p

i'm taylor riggs. david: commodity markets closing in new york. look at today's biggest movers, starting with copper, 10thng today in the biggest drop since november. usda: a report from the shows a dryer outlook in most of ins states.a going over $50 a barrel at one point, then closing at $49.02. oil is set to cap the longest run of monthly gains in five years before opec meets thursday. shery: let's bring in stephen schork. he joins us now from philadelphia. thank you for talking to us. i want to talk about expectations for production of crude and natural gas. this chart shows that expectations for production of crude and natural gas are climbing. we are seeing prices falling in the past five years. will this subdue prices for ?onger perhaps more m&a. stephen: one of the largest arabia's about saudi intention is that saudi arabia was trying to destroy north american crude oil production. industry done the oil in canada and the u.s. a tremendous favor. companies toing retrench. oil in a certain place would have cost a certain amount, $75 a barrel

i'm taylor riggs. sergio marchionne is adding another kept his workload.ri board has named him chief executive taking over from the former ceo. ferrari raised its forecast of the year. isning us from milan tommaso. we knew this would happen. we spoke to someone familiar. not a big surprise to us in bloomberg. >> not a surprise. maybe for some competitors. is thatinteresting marchionne had full responsibility for ferrari. now he has to find a way to boost profits. he starts today as ceo. revise -- ove was to he was very cautious. afterts to revise upwards profits rose 10% in the first quarter. a good quarter for ferrari. vonnie: will he make money on things like merchandise you go -- like merchandise? this you need to sell more cars? >> in today's statement, they say they are revising to expand the brand. what we have understood is that on one side, they will boost merchandising for the formula one activity. on the other side, they will try to make products with the same explicity that they had in cars -- exclusivity that they had been cars. we may see some

taylor riggs has more. trump will not self fund his general election campaign.tevew can the chief was named fundraiser. and american diplomats .orked out a truce almost 300 people have been killed in aleppo the last two weeks. those supporting assad have exchanged fire. they tunnel discovered it israel. mortars atire israeli troops. will elect a new mayor of london. he is the antiestablishment candidate who is shaking up politics in the philippines. self-professed killer and womanizer who claims a bloody war on crime. this strongman swagger in the call for the execution of criminals has fans calling him the punisher. today intocks trading of a string of reports. our next guest says the strength of the u.s. dollar will have a huge say in the direction of the markets over the rest of the year. us --admin shane joining edmund shane joining us. the dollar is key. heading, which direction and at what pace and why do we care? edmund: if you look at the u.s. it is important notably for emerging markets. we would see quite strong support from a number of markets, most n

i'm taylor riggs, caroline. caroline: thank you. one of the key stories of the invest $1 will billion in the chinese right rival. service a fraction of the $200 billion is taking,hat apple opening up questions about more investments in increased dividends. joinedhite of drexel "surveillance," this morning. if apple was a buy, sell, or hold. >> definitely a buy. it looks like it's very cheap and the profit cycle bottom of the june quarter. we have a company with $233 billion in cash and lots of opportunity. tom: if the stock goes down like it has done, this is a good time to be a trueblue stock and deploy cash to shareholders. deploy cash to shareholders like they are deploying cash to china. >> exactly. they have $250 billion cash to plymouth strategy increased from $200 billion in april. a biggerike to see hike in their dividends. they just hiked it, but if they could get into a 3.5% yield, think that would be very attractive for investors. lugo back to dividends in the second. on china, apple to say -- apple today saying this is t

we are going to go to taylor riggs with first word news. ublicans are setting up a fight with the white house over defense spending. devotedsubcommittee has to use $16 billion of the pentagon's war fighting budget to pay for new military aircraft such as the f 35 per that is a -- in paris, to hundreds of protesters battled police during a demonstration against labor reforms. francois hollande use special powers to push reform measures through the lower house of parliament without a vote. the measures would extend working hours and make layoffs easier. francois hollande says the reforms will lower unemployment. in the u.k., lawmakers say the national health service is having to raise cost and forced patience to wait longer for care. it relies too much on temporary staff because of bad planning. the house of commons report the nhs suffers from a shortfall of 50,000 doctors and nurses. global news 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus i am taylororld, raikes. jon? jon: the global insurance industry repres

taylor riggs has more from our newsroom center. taylor: donald trump is talking about uniting the republican party. that forced his closest challengers to drop out. today, he said he is confident that he can unite the party, although some of that he does not want. meanwhile, bernie sanders is saying not so fast, madam secretary. he surprised democratic front-runner hillary clinton in the indiana primary and says the race is not over. still, clinton has all but an insurmountable lead. clinton is hoping to get some of his superdelegates to back him instead. in western canada, all 80,000 residents of an oilsands town have been ordered to evacuate because of a raging wildfire. it has destroyed neighborhoods in fort mcmurray, canada. high winds are making the path of the fire unpredictable. there are no reports of serious injuries. the british government has bowed to pressure and will now take unaccompanied children from syria who have made their way to europe . prime minister david cameron says children in greece will be eligible to com

i am taylor riggs. jonathan: coming up, is stork moment. up next on "bloomberg ." ♪ jonathan:jonathan: the focus is on two cities. london and brasilia. the decision to keep rates unchanged with the brexit warning. the pound is trading a little bit stronger. 15 minutes away from the news conference. amanda: we see the pound continuing and we will continue to bring you that press conference from governor carney coming up. in brazil, the president has been voted to be suspended after months of little uncertainty. for more, we have anna edgerton. what is next in this process? rousseff this morning, who will be notified. the vice president will become the acting president. jonathan: just as a follow-up question. with the momentum trade in brazil over the next couple of months, as we have waited for this moment to get closer, what is the likelihood that we will get another roadblock? the vice president has a hard job ahead of him. he knows how congress works but the economy had a terrible recession last year. it is expected to come back again

taylor riggs has more. taylor: president obama is being pressed to speed up efforts to help syrian refugees. the administration had promised to resettle 10,000 refugees. eight months after the program started, only 2500 have an admitted. jerry brown is endorsing hillary clinton for president. brown says he believes clinton has the best shot at stopping donald trump. says while he is impressed with how well bernie sanders is done, he believes hillary clinton is the only path forward. a bite out ofing the puerto rican economy. the virus has led to the cancellation of more than 40,000 hotel room reservations. that translates to $20 million in lost revenue. rico has been hit harder by zika the any other part of the u.s. death.00 cases and one forecasters warned there could be more flooding in texas. crestoncos river may three-putt above the record. flooding has been playing for six deaths. global news 24 hours a day powered by our 2400 journalists and more than 150 news bureaus around the world. scarlet: economi

here is taylor riggs. has come out with more details off the final moments of that missing egyptair flight. authorities say the planes were left -- the plane swerved left and right before plunging off radar. flight 804 was at 37,000 feet when it disappeared. at the time it was around 170 miles from the egyptian coast. the plane was carrying 56 passengers and 10 crewmembers. it was no distress call from the crew and egypt's prime minister has refused to rule out terrorism. in the u.s., the rates americans pay for obamacare are going up. insurers in new york are among those seeking rate increases are it they want to raise the amount the customers pay for individual health care plans by an average of 17%. this could cause political problems for the law and supporters. in another month another temperature record broken. the earth experienced its hottest april in 137 years of record-keeping. the 12 consecutive month to set a new heat mark. a better than 99% chance this will be the hottest year ever recorded. glo