And what some are saying is potentially a breach of International Law. Are you ok with israel potentially committing war crimes and youre providing full moral support regardless . Its important to remember why were in this very difficult situation, and thats because hamas, a proscribed terrorist organisation, committed an appalling act of barbarity and has killed over a thousand israelis, including women and children, in scenes that are, quite frankly, horrific and that we havent seen in decades. It is unequivocally wrong, and there is no moral ambiguity about that. Israel has every right to defend itself and take the action that is necessary to ensure protection and security of its citizens and that nothing like this can ever happen again. Even if some of those actions are not in line with International Law . No, of course, we should always and we are always having concerns of civilians paramount in our minds, something ive discussed with Prime Minister netanyahu myself, and underline
Parliament holds its final vote on Prime Minister mays legislative program. This is bloomberg surveillance. S happenay. Theyre rising for the first day in three. Investors shrugging off the prospect earlier of the prospect of higher Interest Rates. Stocks have inched lower in the last few minutes. The euro continuing its upward movement against the dollar. Draghi bolstering bets that the ecb is preparing to unwind. Sterling gaining for a sevenday. Best run since april 2015. Mark carney says the Monetary Policy committee may need to begin removing stimulus. Crude oil gaining for a sixday. U. S. Crude production easing pressure on opec led efforts to drain this global glut of oil. Lets get to the first word news. Banks haven announced larger than expected payouts for investors. Jpmorgan, citigroup and bank of america led the way and unveiling plans to boost stimulus and stock buybacks. It is the first time every lender has cleared the regulatory hurdle. Shares across the industry the tru
Surveillance, francine the clot in london, tom keene in new york. Francine lacqua in london, tom keene in new york. Tom what a movable feast this morning. Tick by tic as we went into this opening, francine and i were going backandforth over the dynamics, and i have to say this, we do note we do not know why Deutsche Bank is south but it is south. Francine i think there are concerns that the brexit shows investors are very nervous and it goes into the weak spots so i think we will see many more spots like this. There may be something more underlying. Lets get straight to the bloomberg first word news. Nejra the field is down to three and the race to become the next british Prime Minister. Theresa may took the lead in the battle to succeed david cameron, winning 165 votes in the first round. She was followed by Andrea Leadsom and michael gove. Stephen crabb has dropped out and liam fox desk liam fox was eliminated. The next vote is tomorrow. Report is likely to revive recriminations over
Up. 8 30 in the u. S. , Consumer Price index. Finally. A look at inflation that is not affected by the weather. Inflection. A little 10 00, Richmond Fed Manufacturing activity and existing home sales. The bell,efore cocacola, mcdonalds, lockheed martin, verizon. After the bell, microsoft and electronic arts. Prince george turns one today. Very important. No question about it. Today have any idea what is coming . The Birthday Party was a huge hit. Lego party. When i was a kid, i had legos. I made them take my bucket of legos in the car for car trips. Not sure my dad appreciated that. N ive stopped many a toe o legos. Bonds, currencies, commodities. Market is turning. Futures advance, 10 year yield under 2. 50 . Euro weaker and hyper carbon euro weaker and hydrocarbon elevated. Vix churn. 12. 821, pretty good, equities have been resilient. Dow above 17,000. Yen weaker after two days of strength. Gold strength. Scarlet will talk about the german 10 year yield. Heres the dollar, spiking hi
Visits. She visited columbus here and went on to new york. It was a quiet feeling that there was a real loyalty to philadelphia and its Democratic Party roots and historical roots. And Wasserman Schultz met with president barack obama last night. He apparently had some questions about philadelphia they were minor questions, logistical questions and after debbie Wasserman Schultz apparently answered those, the president said go with philly. That rippled through the Democratic Community here in city hall nbc 10 spoke with Council President Darrell Clarke just a short while ago. This is a good day for philadelphia. Were landing some significant events in the city of philadelphia because people know that we know how to do it right. Reporter now, according to congressman bob brady, it is not a done deal just yet. There are contracts that have to be signed and when you mention contracts, you think of labor and unions. That was a big issue back when the Republican National convention was here