The european rule context. Erik insight into whats ahead for the fed. Now with the time to be thinking about how we normalize more quickly. A few hikes this year seems reasonable . This is not an environment where the data is screaming you have to move. We could get more this year. Erik it is all straight ahead on bloomberg best. Erik hello and welcome. Im erik schatzker. This is open bloomberg best, your weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world. This was the week Prime Minister theresa may promised to trigger article 50. Starting britain on its long and potentially painful breakup of the European Union. But on monday, a multinational merger took an important step forward. The European Union approved the proposed 77 billion merger of dow chemical and dupont, saying the companies have addressed their concerns with their commitment to divest businesses. What sort of concessions did the companies have to make to
Tom what an interesting 24 hours. Francine i just had a great exclusive interview with luke johnson. The problem is that is all about immigration and sovereignty if you are the brexit side so we may have people deciding in the booth basically to vote brexit. Tom a lot to talk about in the coming hours and some good guests. That there is other stuff going on in the world. I believe chair yellen may have something to say today. Francine we have to look at the dot plots with Michael Mckee. When a to see exactly what the underlying strength and that is but we need to get to the bloomberg first word news. Vote, two days before the the battle over whether the u. K. Will remain in the European Union is too close to call. A new poll has the leave campaign in front meanwhile a survey from or be has remain holding a 53 to 46 advantage. Police in brussels have arrested a suspect after a bomb scare at a shopping mall. According to a belgian newswire a man called police to say he was Walking Around
We are also going to be talking to the winner of the masters. Before we get to that, how about news. We will take you to the bulletin. The top stories of the morning. It is a good day for jp morgan shareholders. Profits beat analysts estimates climbing to 12 . It is the first time that has happened. Since 2010. The of jp morgans Investment Bank said high volatility help to drive the quarter. Shares in the company are up in early trading. Good news for wells fargo. They Beat Estimates with lower rates. That helped buyers refinance debt. They are the most viable u. S. Bank. Investors do not seem impressed, shares are falling. Retail sales fell short. It was the first gain in four months. The biggest advance in over a year. Overall the figures show americans are being cautious with their wallets. Even with savings from lower gas prices. It may take a bigger boost and wage growth before they loosened their Purse Strings and hit the shopping malls. The Worlds Largest maker of Health Care Pr
Chinese tech giant Tencent said Monday it had fired more than a hundred employees for violating company policies, with some referred to police and later found
China has granted tech giant Tencent its first licence for a video game in 18 months, ending a dry spell that had threatened its position as the world's top