mark: it is very much unchanged from the february inflation reports. feds say everything is ok on the domestic front but only overseas, there is a darkening mood. scott: that's right. the decision to leave the rates on hold, which is the seventh anniversary reaching record low was not a surprise. while thes said domestic economy remains solid, it has eased and there are increasing downside risks from the external world. a similar picture to the vet. mark: thanks joining us. next half houre of the european close today, the boe joins the fed in keeping rates on hold. could these sparked a rally in european equities? lufthansa is seeing rough skies ahead. we will ask that you executive how the airliner plans to battle competition. after norway cut rates today, we will get an update from the central bank's governor on what could be next. ♪ ♪ live from london and new york. scarlet: you are watching the european close. it is time for the bloomberg business flash looking at the biggest business stories in the news right now. intel is in talks with graphics te

basically, policy unchanged.o kuroda giving his press conference, saying that he to continue monitoring the rate. manus: the consensus from the bloomberg polls was that we would get more easing, but kuroda is saying you will need some time. you need some time to gauge the impact of negative rates, that markets have calmed down, that they are benefiting. this is about the mortgage rates coming down. anna: let's get the bloomberg business flash. kumutha: good morning. avon plans to cut about 2.5 thousand jobs and shift its headquarters to the u.k. to reduce costs and streamline operations. currently based in new york, the company says the shakeup will cost about $60 million in the first quarter. avon expects it to generate savings of as much as $70 million by 2017. sony has reached a $750 million deal with michael jackson's estate to buy out his stake in their joint music business. sony must make a lump sum payment of $733 million for the 50% stake. sony'sl consolidates control over a catalog of almost 4 billion so

the dividend was unchanged. pretax profit did beat estimates. out into tax, the world's largest clothing retailer. 2001 to 2016 share price, i'll come to that. it reported its fastest annual profit in years, fueled by the zara chain. since its ipo in may 2001, shares have risen by 900%. the stoxx 600 is up by 5% in that time. just want to finish with the u.s. financial index, the s&p financials. this company is the one you want to be watching, citigroup. it joined u.s. rivals in signaling yet another dismal start to the trading year. first-quarter revenue from fixed income and equity trading will probably drop 15%. that would make 2016 the fourth straight year the company's revenues from those operations have declined in what's typically the strongest quarter. citigroup dragging down the industry. francine: mark, thank you. let's talk brexit. son has caused something of a stir by claiming the queen is in favor of a british exit from the eu. theingham palace insists queen is politically neutral. richard jeffrey is still with us. rob hutton is als

breaking just in the last half hour, switzerland's central bank leaving its benchmark interest rate unchanged but saying it is still willing to intervene in the currency market to weaken what it calls the,

the cac 40 is unchanged at the moment -- there we go, up 9/10 of 1%.tle bit of risk appetite is seeping in here and we are waiting for the dax open. may get -- let me get you a check on the currency markets. with of the bloomberg dollar index dropped the most in one month. it hit its lowest in almost five months. and if you look at what the pound is doing, pretty much unchanged ahead

both the dow and s&p 500 closing out their highest levels of the year as the fed left rates unchanged and signaled two rate hikes later on this year. now, that looks like the fed seemingly has cold feet so what are you doing with your portfolio at this point? guy? >> i think you stay with the cold market. i think gold is telling you everything you need to know over the last three weeks to the last month and a half where on every rally in the s&p where gold should have sold off it has not

. >> so i want to talk to you about the unchangeable laws of faith. the unchangeable laws of faith. you know, i believe that the faith of the people in the bible back then -- it is still available to those of us who are living in the 21st century. that what would make a wan with the issue of blood, after she spent all of her money in trying to get well, what would make her receive her healing after 12 years? it is faith. it is because she was determined that she wasn't going to let the system deny her of her healing. and today that same power is god can heal you; he can save you, he can deliver you. he can get you out of that financial dilemma that you're in if you put your trust in him. now let's not deny the fact that there are problems around us. everybody's got problems. everybody -- everybody got problems. i got problems, you got problems, she's got problems, he's got problems. everybody's got problems. i wish you'd tell your neighbor everybody's got problems. >> audience: everybody's got problems. >> i mean everybody's got problems. you know, some people believe that just beca

the cost be currently unchanged. -- the kospi currently unchanged. expecting the rbs rate decision tomorrow. they are expected to keep their cash rate steady at 2.5%. we are seeing the market housing boom and the bank in little bit cautious about overheating .emand and it's one hour to trading in japan. let's take a look at some of the movers and japan. all of these stocks are plunging today after the ratings were downgraded. fujifilm cut to hold. mitsubishi has stayed down 1.8%. 2.2%, air rising today despite reports that pilots are going to rally in hopes of getting more active wage talks going on. following two point &, even when i be case securities raised its price target to 30,000 yuan from 27,000 yuan. sk hynix isakes -- down 1.3%. d: have a selloffs earlier in london. let's get over to sydney. paul is over there for us. looks like reality is sitting in again for the commodity stocks. paul: it does. reality was not suspended for terribly long. giving up even more of those impressive gains with the iron ore spiked by 19%. the iron or prices are

her at five to see the crew getting ready for the big bash. 3 time/temp interest rate to remain unchanged for now. what prompted the federal reserve to hold off on an increase, just ahead. plus, a closer look at problems on election day. the differing opinions about how hours were extended at local polls and when people were notified. 3 but first, new but first, new information surfacing about bergdahl desertion case. the reason the army sergeant says he left his post in afghanistan, next, break two3 good morning... (ad lib) 3 we're learning new information about the case of army sergeant bowe bergdahl. newly released documents from a military investigation show bergdahl's reasoning for afghanistan in 2009. bergdahl said he was trying to draw attention to what he saw as leadership problems. other documents show army doctors diagnosed him with a personality disorder. bergdahl is facing a general court martial in august.. on charges of desertion and 3 frank sinatra junior carried on his famous father's legacy with his own music career.. right up until his dead...the sinatra family says he d

it's going to much unchanged on this news.is just the next chapter in a very long slog for yahoo! shareholders. is thatrboard is saying by nominating a full slate of the pace tohey want pick up in terms of monetizing assets. we want the board and management team to pick up the pace when they talk about selling the core yahoo!s and monetizing in japan and alibaba stakes. i think starboard is saying there's a lot of work to be done and it should be a question of timing here. guest: the tactics they employed here basically antagonize them. they appointed to new board members literally the same day yahoo! and starboard were scheduled to meet. it's just not smart when you are yahoo! and dealing with a lot of issues and now you are dealing with an activist shareholder. it is the classic activist playbook that you don't give in, but in the place of yahoo!, a company with very little credibility, it doesn't seem wise. betty: but jeff smith and star board still own 1% of yahoo!. how much they do they really have? it is surprising they

i will call this unchanged. i was not really wrong there.he dow jones print much unchanged as well. the nasdaq is down just a little bit. take a look at the imap i have got up in my bloomberg right now. you can see who the winners and losers are. the big losers, energy, i.t., and industrials. oil has been interesting. up and dropped around 9:00. a small change only around $.29. really the store -- the story and oil has been a strength in last two weeks. we see a weakness today in as well.e and devon pandora is a story the ladies were just talking about. fascinating story. tim is coming back. you can see the stock down 9% now. it is a little bit strange considering the chart i am about to pull up. 707 in my chart library. when tim stepped down, he was the chief strategic officer and his stock was soaring. he left in february of 2014 and the stock fell 70%. the fact that he is back should be, you would think, good news, but investors are selling it off. >> a lot more ahead. thank you so much. time for a look at our first word news this morning

now they're pretty much unchanged going into the open. s&p futures down three.asdaq futures down 14. we'll continue to keep an eye on that after a rally yesterday following the federal reserve's statement, decision on no policy change and outlook from janet yellen. joining us to discuss all that is hans olson and anthony chan. anthony, we just asked steve how much of a shift in thinking this is from the federal reserve. do you agree with him that it really is now that they're putting more weight, emphasis, and caution on international developments? >> i absolutely do agree. i think that when you are the largest economy in the world, or even the second largest economy in the world, you have a responsibility to pursue strategies that are not only in the best interest of your own country but also the global economy because you have such a large impact. so whether i look at the federal reserve or the people's bank of china, i think they are pursuing strategies that are in the interest of the world and their own respective countries. keep in mind that yesterday the f

the plan to increase the rate remains unchanged. he added if there was a large contraction of the global economy, the political decision will be made on whether to go through with a tax rate. >>> officials with the chinese government in a private research firm has released the latest figures for factory output. the second largest economy continues to lose steam. a reading below 50 as we see here on the line suggest a contraction in factory activity. analysts said orders have been declining with sluggish retail sales. private research caixin released their pmi. >>> checking the markets, the yen's moves caused prices to fluctuate. the nikkei average closed at 16,085. we go to the yotokyo stock exchange. >> china's pmi giving investors reason to worry about asia's largest economy. but the lackluster figures are raising hopes about more currency easing. it reversed earlier losses and managed to close up 3.0%. at 16,085. the cut of the reserve requirement ratio by china central park failed to give a strong boost to the market and overnig

the committee decided to leave the policy unchanged. will next describe the --.line economic outlook readings on the economy have been somewhat mixed. on the one hand, many indicators have been quite favorable. the labor market has added an --rage of 200. he thousand 230,000 jobs a month. the unemployment rate has inched down further. more people are joining the workforce. the prospects for finding jobs has improved. the employment to population ratio has consumer spending appears to be expanding at a moderate pace, german by solid income gains, improved balance sheets, and declines in oil prices over the past three years. the housing market continues its gradual recovery, and fiscal policy is now modestly boosting economic activity after a considerable drag in recent years. on the other hand, manufacturing and net exports continue to be ,ard-hit by slow global growth and significant appreciation of the dollar since 2014. the same global developments have also weighed on business investment, by limiting friends -- firms, thereby reducin

federal was her says it is keeping interest rates unchanged for the time being.e will find out how that decision is playing out on wall street. all that and plenty more in just one minute from now. do stay with us. ♪ anchor: welcome back here with dw news in berlin. president obama has nominated judge merrick garland to be the next u.s. supreme court justice. a supreme court agency follows the death of antonin scalia last month. but the republican senate wants to block any vote on a nominee put forward by president obama. time for the latest business news, including a closer look at the u.s. federal reserve policy. anchor: will they, or won't they? they have now announced they will keep interest rates unchanged from where they stand currently, between 0.25 and 0.2 5 -- 0.5%. this happened at a meeting earlier. the fed had a lot to chew over in the meeting. oil prices have been -- core inflation rising, home construction stronger, and factory outlets have improved. it was not enough to bring up rates this time, but a another hike as early as the next fed meeting.

two central banks have decided to keep their interest rates unchanged, thailand leaving rates on holdthe seventh straight meeting they have stakeout, a stronger currency was hurting exports. philippines also leaving its rate unchanged, 4%, central bank they're anticipating a booster to the economy from the elections in may. japan's richest man returning to investing softbank $250 million in a sports entertainment agency. the deal for his the deal pfizer company at $5.5 billion. it says it will use the money for investments, acquisitions, and joint ventures. softbank were down nearly 2%. virgin america and shares soaring on news it is considering a partial or total sale of the airline. the airline backed by richard branson. the carrier is working with the financial advisor after receiving takeover interest. the airline bought five new airplanes last year, with a plan for another five this year, shares getting a bounce, 13% higher on wall street. hands down its budget this afternoon as it balances faltering growth with a promise to stay prudent. the new finance minister on the job six m

thereafter, the projections are unchanged. the turn of the year, concerns about global economic prospects have led to increased financial market volatility. it is somewhat tighter financial conditions in the united states. although, financial conditions have improved notably. in addition, and economic growth abroad appears to be running at a somewhat softer pace than previously expect it. these unanticipated developments, however, have not resulted in material changes to the committees baseline outlook. one reason for this is that market expectations have moved down. the accompanying decline in longer-term interest rates should help cushion any possible adverse effects on domestic economic act dimity. stop prices have fallen slightly since the december meeting. corporate onto yields over those maturity have risen, mortgage rates and corporate borrowing costs have moved lower. they will continue to monitor these developments closely. 2% inflation. returning to monetary policies as i noted earlier. the committee decided to maint

sun edison ending the day unchanged $2.08. teriform dropped nearly 8% to $9.72. >>> amgen wins a patent lawsuit decision against regeneron pharmaceuticals. a new kind of cholesterol lowering drug that was dropped. regeneron also a little higher 368.46 the close there. >>> cesars entertainment and private equity owners could be facing up to $5 billion in potential damages after a court examiner said a series of corporate deals led to this casino company's operating unit filing for bankruptcy. the bankruptcy court had been looking into whether the company and its backers stripped away assets leaving the unit unable to pay debts. shares were down more than 13% to $6.23. >>> apple has responded yet again to the fbi with a court filing last night. further entrenching itself in the privacy battle against the government. the tech company claims that the fbi has not exhausted all options to unlock the phone used by one of the allege ed fro ed terrorists in the san bernardino attacks last year and will not develop a back door into its

they had soared in the aftermath of the announcement that now back to unchanged. at 9.62%.r now michael: we were up almost 2% after cpi came out, so people seem to be looking at this as a dovish meeting. it is not just a statement, but it is also the dot plot. let's take a look at what we are talking about. the fed has taken out two rate increases from what we saw in december, moved down now to a 90 basis points for the fed funds rate at the end of the year, which would imply just two rate inreases, down from 1.4% december. then they lose another 50 basis points in 2017, 1 .9%. 2018, 3%. longer run, potential growth has come down. so the neutral rate has come down to 3.3%. tom: let's go to the terminal. i'm a mess this up. here is the december meeting. look at the rain -- red and green line. it is nice and tight, and then we have this major separation here in march. what is the longer run, professor clarida? richard: they say five or six years, and it is the destination of the policy rate under the view of the economy. by comparison, in the last rate hike cycle, t

pretty much unchanged on the core level.ts, the federal reserve says it will reinvest the balance sheet over the next several months and gradually increase rates only gradually when it does so. brian, back to you. >> steve, i know they didn't raise rates. the headline generally might be fed does nothing. i don't think so. i think we are witnessing a complete change in the fed in a sense that they're basically saying the u.s. economy is going pretty well, strong job gains, their term, as you noted, they upgraded their forecast for the american economy, but they have admitted, maybe for the first time, that what is happening in china and europe, these, quote, global concerns, are going to dictate u.s. federal reserve policy no matter how the u.s. economy is doing. >> i wouldn't go that far, brian. i think you're right to point out what i said, which is that they did upgrade their concerns about global developments. i don't think it is dictating it, but it is pretty -- it has been raised in importance for sure. i think if those

it leaves a large swath of the population with an unchanged tax plan, but in terms of boosting federalevenues, how much would it bring in? >> well, raises revenues by about $1 trillion over ten years. and her goal is to help finance a number of social programs, kind of kind of table sobel programs, help with college education, help with health care, caring for aging parents, that sort of thing. >> does her plan reduce the federal deficit? >> it would. we think by about $1 trillion. over ten years. now she has said she may have some additional tax cuts for low and middle income households. if she does, that will lead up some of that deficit reducing potential. >> in terms of mr. trump's plan, how does it compare? >> it's almost the mirror image. donald trump is proposing $10 trillion in tax cuts over ten years. and the goal there is to reduce taxes on high-income people. actually, on everybody, but mostly on high-income people. to grow the economy. so it's in some sense mrs. clinton is proposing kind of a traditional democratic plan. and mr. trump is proposing a traditional republican p

the german unemployment rate stays unchanged at 6.2 percent. these numbers alone that more. richard, what is your take? the german economy is plotting ahead. the german economy is doing well under the qb regime. regime. we have the two biggest economies, france and germany and france unemployed -- germany. france unemployment at an all-time high. that is why they are doing what they are doing on the monetary policy front. manus: biggest quarterly slide in five years. this is what we've got. this is interesting. focused wholly on negative rates. it is not our primary view. tomorrow, payrolls that is going to move our bond markets? richard: it will provide training opportunities pod desk opportunities. but is not going to -- opportunities. it is not going to shift the dial on what the fed is thinking. hans go out -- hans: i want to thank everyone. the unemployment came in unchanged. expectations were for -6000. that is all for berlin. ♪ oh, hi! micky dolenz of the monkees here, getting ready to host the flower power cruise. (announcer) we're taki

underlying profit was unchanged year on year, which when you think about the price of power are following that is pretty extraordinary. sales beat expectations. it is really a story of how they have managed the downturn. if you compare them to your biggest competitor, what you will see is that they have outperformed. you look att year, the stocks down 38%, 38% over the last year versus 53%, last week still better. hans: ryan, i hate to say it, but guy's optimism is being validated by market. thanks for your review. let's get the first word with nejra cehic. nejra: thanks. bernie sanders has scored an upset win over hillary clinton in the michigan democratic primary, overcoming a double-digit lead. clinton took mississippi. meanwhile, donald trump beat back a barrage of attacks and scored major victories over his leading rival in two primaries and the hawaii caucus, strengthening his bid. the s&p 500 has about 2% upside at 20% downside, making for a lousy risk reward trade-off, according to one money manager. eh say -- he says betting on stocks is a big losing proposition and that the rebo

a day after the doj kept policy unchanged. in korea, getting underway as well. get those south korea february jobless rate coming in at a six-year high. four .1% also higher than the estimates. let's cross over to our bloomberg news government reporter. is there anything new here. >> apple saying the founding fathers of the united states would be appalled by the government overreach and doubling down, reiterating that this is an issue congress should decide. an issue of policy, not one for the court. yvonne: apple saying the government is imposing and a precedented and offensive burden on the company. >> apple says they have had the same security policies worldwide and has never worked with a government to create a backdoor to its iphones. yvonne: thank you so much. tim higgins and joining us live from washington, d.c. other news we are watching today. tuesday couldn't have been much worse for valeant pharmaceuticals. more than half of the company was wiped out. valeant also warned it risked breaching some of its $30 billion in debt agreements if it can't file i

. >> the bank of japan today held its new benchmark interest rate unchanged at -.1% despite risks towth. economists served by bloomberg the additional easing coming into japan later this year. john ripley used a term i have not heard, fiscal evasion. have we reached the limits of fiscal evasion from the ucb last week and now the bank of japan? >> japan has become a testing for the rest of the world. they are the people who keep trying this stuff end up not doing it that well. they did not manage to get their economy going despite a very long time of qe because the government is not do enough. i don't sense a railway that this is going in the right direction despite current affairs. >> the longer it goes on, the longer it get part of it. it just goes to show how deeply embedded lowflation is in that economy because the outcome of that is not set to be any real wage hikes. it looks like a tight labor market. >> time is a big issue. that is the one place where it hits retail sales. the one awful possibility of japan is deflation. if you keep on thinking something will be cheaper, then y

the s&p 500 is pretty much unchanged. the nasdaq has been lagging all day long.t is down by a quarter of one percent. some stocks to show you, yahoo! is lower and internet giant naming two new board members as a broxy battle looms and ebay is falling, channel adviser reporting ebay same store sales growth lags the overall e commerce growth rate which exceeds 15%. those two stocks down almost 2%. >> speaking of technology laggards, shares of twitter down almost 30% year to date. which brings into focus a piece published by the wall street journal. sweetening compensation packages to obtain top talent. twitter stock isn't worth what it was a year ago. why is the company giving away so much money in this way? joining us to discuss it is ian grant from rifer i can't partners. it seems a tough feedback loop and stock goes down and you have to give them more stock. is this kind of a trap? is this something going on more broadly out there? >> i think a lot of this is blown out of proportion to a degree. what we're seeing here is a natural evolution that we see in silico

the nasdaq has crawled its way back to unchanged. stocks fluctuated.e bloomberg business now. employees earning more than 200 $20,000 will have to wait a bit longer to get them. -- 220 thousand dollars will have to wait a bit longer to get them. less than 140ing thousand dollars will be paid immediately. echo. dublin down on the company unveiled two new versions today. the $130 product is a battery-powered version of the device. google is joining the fight zika virus, donating $1 million to keep the disease from spreading. that is you elitist bloomberg -- your latest bloomberg business flash. cosco shares recovering from early losses. the retailer announced it is boosting its minimum wage for the first time in nine years. will this move come with a cost? us consumer reporter joins now. we were following this story when it came to walmart. some mixed results. what will be the impact with cosco? >> not as big as walmart. they are a much smaller company. ballmer said they would be giving a raise to more than one million employees. costco has around 100,00

stocks bouncing around the unchanged line for the moment.e airlines falling in the wake of the brussel attacks. it is, after all, a holiday shortened week. more abigail doolittle has life from the nasdaq, where she is looking at airport stocks. abigail: not so surprisingly, seven out of the top 10 worst percentage performance in the nasdaq performers are travel related. this includes priceline, marriott, american airlines. the worst of all is priceline. interestingly, if we go back over the last six month, they are still ahead of the levels ahead of the paris terror attacks. lots of volatility. to bounce backnd quickly from these tragic events, but over the long term, it could be how is this company going to deal with an entry into asia? how will they deal with airbnb as competition chec? alix: thanks so much. scarlet: let's check in now with first world news with mark crumpton at the news desk. mark c.: reports say that islamic state is claiming responsibility for the three bombings in brussels today. at least 31 people are dead. more than

looking at safe havens -- the 10 year basically unchanged. investors have over the past several hours been pulling out of treasuries, pushing the yield up to 1.69%. betty: thank you very much. let's get a check on headlines with bloomberg first word news with mark crumpton at the news desk. mark: president obama has reversed course on drilling for oil off the southeast coast. the white house is with drawing its plan to open the coast to offshore drilling for the first time. coastal communities and environmentalists oppose the plan and so to the pentagon. donald trump posted a big win in caucus on the northern mariana island, winning almost 73% of the vote and will get online elliott's from the territory. ted cruz came in second with 24%. york financier george soros is returning to big-ticket political giving after an 11 year hiatus. he has spent or committed more than $13 million to support hillary clinton and other democrats. that's more than his total disclosed spending in the last two presidential elections combined. soros expressed alarm

we're risen from there and over the two days now, the stoxx 600 is unchanged.ghi prompted the drop by signaling more rate cuts will not be needed. this index is on track for its first weekly drop in four. daylar chart, euro two chart. we saw it euro 1.6%. then it ended the day 1.6% higher. the two day move is a gain of 1.3%. the euro has risen by all 10 of peers.0 the bond market was amazing yesterday. but those -- most incredible one was the spanish 10-year which yesterday fell by 20 basis points. the end of the day, the yield rose by two basis points. the peripheral bond market better than the core bond market. the same thing is happening today. yields falling across a spanish barb market. finishing with corporate credit risk. on the news that mario draghi will be buying corporate bonds as part of its measures. this is a measure of investment grade corporate credit risk. pe index whicheuro is a cost of insuring investment-grade companies asinst default, it fell much as 13 percent yesterday and it is continuing today, falling another 5% today. 'se good news is

they are expected to keep the benchmark interest rate unchanged.age across all of bloomberg best media platforms starting wednesday at 1:00 eastern time. the fed decision is at 2:00 in the janet yellen news conference follows at 2:30 all right here on bloomberg television. tracy: a disappearing medical implant. the fda meets tomorrow to review abbott laboratories first of a kind heart stent that dissolves into the body after helping to clear fat clogged arteries. but regulators are questioning the safety of the experiment all device. david: hertz global holdings is selling the bulk of its car fleet in china. it will give customers access to rentals in more than 700 locations. that is your bloomberg business flash update. let's head over to the markets desk where julie hyman is taking a look at some of the moose today. julie: in emerging markets, we are seeing a bigger rally then we see in u.s. stocks. we've had this outsized move going on, up about .5%. egypt has been a standout. here is the stock index, up after the egyptian central bank said it w

the cac 40 is unchanged at the moment -- there we go, up 9/10 of 1%. a little bit of risk appetite is seeping in here and we are waiting for the dax open. may get -- let me get you a check on the currency markets. with of the bloomberg dollar index dropped the most in one month. it hit its lowest in almost five months. and if you look at what the pound is doing, pretty much unchanged ahead of that rate decision. the bank of england is delivering that later today. no change expected to raise there either. we are watching lafargeholcim, the world's biggest cement maker. it has been under a lot of pressure. cement, we gotg running from them as well. with lafargeholcim what we saw profit actually fell in 2015. it is expected to grow in 2016. some slowdown in emerging markets led that slowdown last year. heidelberg is heading higher. we're still waiting for the open.fthansa to guy: thank you very much indeed. another stock to watch this morning, gsk, it is opening higher as well. i will take you to the imap. energy stocks are leading the charge and we are u

the stances unchanged. there is a potential for further moving. this inflation target is disappearing into the distance. we were told today that it is unlikely that the doj will hit that target in three years. , hasast in the question monetary policy reached its limits? >> every time that question is asked, a central bank comes out and do something new. they definitely want to push back against the notion that they cannot. when you look at the inflation trajectory of japan, when the target came in, there really did seem to be an impact. they got off the floor, it a god trading that is no longer deflating. things have stalled since then. the about the idea that currency will be impacted forever? vonnie: now, we are seeing the latest rounds of qe and in japan strengthened the currency. >> that is one of the things they are wrestling with. the thing about currency that you can do what you want with your money. it all depends on what is going on everywhere else in the world. the dates and japan would intervene daily with the ministry of finance. those

reports thatse have gone unchanged.ators in china encouraging lenders to participate in these debt for equities while programs. good for the companies involved, but not so good for the banks. icbc down. whirl worley parsons up by 6%. origin energy up by 3%. somei electric seeing downside, court ordering they cannot break out those nuclear reactors. rishaad: the bank of japan starts its latest policy meeting today. stimulus, something they're keeping and i on, something to be learned from how that announcement is communicated. what can governor kuroda learn from mario draghi? >> they availed more aggressive stimulus than the market anticipated, but then he made this throwaway remark when he said we were not lower interest rates further. kuroda is watching -- rishaad: look what happened when they went negative. >> he would want to make sure his language this week is precise. signal that want to there is nothing left in the toolbox. governor kuroda won't want to make that same mistake. rishaad: he won't send out a message

say, why their economic projections stay mostly unchanged two weeks ago, but the docs still came downained very clearly today, that the reason the projections for the economy stayed unchanged, is because the dots came down. the fact that they lowered interest rates, it is a rate cut . we got one on march 16, and another today after the speech. alix: an underwater, hidden rate cut. also pointed out something interesting when it comes to inflation expectations. let's look at the terminal, the chart you provide. the tenure and five year treasury yield spread. one measure of market expectations of inflation. what is it telling us? matt: it is a good illustration of what we were just talking about. you can see that today, after her speech, we got that big spike up. if you charted out further, you can see we got a similar sort of spike up after the march 16 meeting. what this is saying, the spread between tenure and five year treasury yields is like that inflation risk premium of that protects demand to against inflation risk in the longer term. when that spread narrows, monetary policy is

japanese stocks cap -- had their best week rally, and policy unchanged at the moment.ming up thursday at a rate decision. of the highest in two months. the aussie dollar falling to the after gaining last week. china is the biggest trading the cut and after that, in economic growth target, we are seeing the aussie dollar just falling. new zealand currently down 0.1%. we the big it decision there on thursday. big movers, it all seems to be about oil and producers rallying after that rebound in oil. 302 --seeing this at oil, look at that surge. oil and iron ore prices are the highest since october. let's look at japanese stocks. a sharp gaining more than 4%. we are hearing from tv asahi, and their ceo may step down because of that deal with the taiwanese company. that has been in the news for quite some time. tokyo steel falling. both fujitsu and tokyo steel have been downgraded, cut to neutral. korean stocks to look at, samsung gaining 2%. we are hearing from a local newspaper that the partnership with nbc, that would be part of the company. they would gain more than 2%.

dow unchanged. best of the market side as well.ing streak at the nasdaq now hire five days in a row. they are one point gain. nicole: key commodities. gold at 1235 victoria patrick and them yesterday. oil 4111 to 30 cents right now. a stock to watch day's night of fun out of step with investors for improved results sliding 6% in after-hours trading to revenue estimates taken at the stronger u.s. dollar. the company did see strong demand and basketball shoes and a big apparel. classic mac in belgrade to choose someplace up with the push of the button pierced outside shoes you also have to charge. my son wants us. nicole: jaguar will build a classic race car for the 1950s thought to be lost forever. it will build from scratch to nine units at the skf destroyed in the 1957 fact or fire. it will sell for more than $1.45 million other vehicles have targeted old. that list for available for you but delivers guarding in early 2017. the original based on the racecar that once dominated in the late steve mcqueen on one of these. lauren: bef

unchanged across the board. the s&p 500 unchanged.t's betty: no direction after the loss last week. ♪ show me movies with explosions. show me more like this. show me "previously watched." what's recommended for me. x1 makes it easy to find what blows you away. call or go onliand switch to x1. only with xfinity. great time for a shiny floor wax, no? not if you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not see that coming. don't deal with disruptions. get better internet installed on your schedule. comcast business. built for business. betty: live from bloomberg world headquarters in new york, i'm the betty liu. vonnie: i'm vonnie quinn. it's get a look at our first word news this hour. belgium is expanding its counterterrorism investigation. three more suspects have been charged in the wake

. >> there he debated, but in the end, the officials decided to leave it unchanged between 0.235 and.5%.

they had this first rate unchanged earlier. they have been unchanged for seven consecutive years. you mentioned a reference in -- a break in the referendum. as a group, the bank of england has yet to do so. what the fed said was the uncertainty over the referendum many made the investment decision that has also caused a growth. any knowledge that uncertainty is kind of bringing a significant impact in the pounds drop. this is a lovely shot. this is a withstanding page of theony months brings in rate cut. in february, 15 months. that is back in january. now, down to about 32 months. it has been nearly three years until the next bank of england break. i will say that they did say today that they're more likely to raise rates for the next few years. nice analogy. ; it is down only 1.5%. but say they go through october 2015. they have that distraction on the bloomberg. thank you. now, let's check in on first word news this morning. we have more from the news desk. >> investigators have said john kerry has been charging with other minorities and christians in syria. >> with have the ef

gold relatively unchanged, down 20 cents an ounce.auren: ted cruz wins big in texas, his home state. the win gives them the confidence to continue counterpunching donald trump. >> america shouldn't have a president whose words would make you embarrassed if your children repeated them. lauren: the latest results for you. the day after apple in the fbi squared off after unlocking a terrorist iphone, "wall street journal" comes out with an editorial back in apple's refusal to unlock the phone. right now 5:18. you are watching "fbn:am," your first look at morning market in breaking news. the ♪ when you think what does it look like? is it becoming a better professor by being a more adventurous student? is it one day giving your daughter the opportunity she deserves? is it finally witnessing all the artistic wonders of the natural world? whatever your definition of success is, helping you pursue it, is ours. t-i-a-a. xerox personalized employee portals help companies! make benefits simple and accessible... from anywhere. hula dancing? cliff

german joblessness is unchanged in march, snapping a run of 5% decline.ber of people out of work held at a seasonally adjusted 2.7 3 million. thatata are signs they are struggling to tackle that wave of refugees. donald trump has come under fire for saying that there would have to "be some sort of punishment" for women who have abortions if the procedure was outlawed in the u.s.. trump later issued two statements clarifying his position, saying it would be the doctor who should be held responsible. global news, 24 hours a day, powered by 150 news bureaus around the world. francine: thank you so much. let's head to the bloomberg with caroline hyde. caroline: thank you. we're on a down day to end the quarter. we see the stoxx 600 off by one percentage point, digging into the industry groups. they have been the best performer this year but they are down 1.5% -- metals are lower. oil and gas trading lower. clearly there is some concern about the uptick in supplies, inventory still holding on to their largest since 1930. concerns that there is a down day to en

we are looking for unchanged.akes there. 58 on the more recent contemporary data point of march. national association home builders housing index, 58 mirrors the last look unrevised. just to give you an idea for 2015, the high water mark was october at 65. low water mark was 352 last march. 58 fits in the middle. >> back to you. >> thank you very much, rick santelli. primary elections are underway in five states today. 358 delegates total are at stake. the most watched elections are in florida and ohio as donald trump and hillary clinton look to further pave the way to become their party's nominee. john harwood is live in washington watching the action today. good morning. >> i want to step back a bit. we have clear front-runners in both party nominations, donald trump on the republican side and hillary clinton on the democratic side. i want to see what it would take to stop either candidate. let's talk about the republicans. can trump be stopped? one of the necessary ingredients of that is for john kasich to win

so we came back to unchanged. i think we may be heading higher here.ing to new all-time highs, somewhere peaking out closer to 2200. the catalyst that brought us from 1800 to here was evidence that the u.s. economy was not recessing. the catalyst that could take us from where we are up towards 2200 is better economic data coming out of the global economies. if we see better data out of the eurozone, which just reported a big pop in industrial production, and china, i think that excitement about a synchronized bounce in global growth could take stocks higher. the problem, as dan was suggesting, in the united states, because we're at full employment, i think if we do pop higher in the economy, we're going to see inflation, core inflation pick up. force the fed to tighten faster. we might have a selloff at the end of the year based on overheat and fed hike fears that might take us back to unchanged. >> jim, that sounds like a resire recipe to overweight emerging markets in europe? >> i would take the opportunity to position myself longer term here. that w