tom keene is in new york. we have this possible merger, then we have the brexit news, and the market. tom: we will focus on commodities in the pacific. francine, i totally agree this one month mark off to brexit is front and center. francine: it is. a lot of people have decided, saying, why we are even voting for this? it means a whole conservative the government. now let s get straight to the first word with shery ahn. a summary and has joined the hunt for the missing plane in the mediterranean, trying to find the egyptair jet s voice and data recorder. a french tv channel reports that the pilot spoke to air traffic control about smoke in the cabin just before the plane disappeared off the radar screen. one ofnt obama has ended the last symbols of wartime animosity between vietnam and the u.s. in hanoi today, he lifted the embargo on the sale of weapons to vietnam, hoping to strengthen commercial insecurity ties. the u.s. has confirmed that a u.s. drone strike killed a lea
for the week. vonnie: 1.5 million dollars worth of savings will help contribute because this is an all-cash deal. an exciting day for the industry, specifically when you consider that they have been trying to consolidate and there are so many unsolicited bids between companies, monsanto included, and now monsanto is on the receiving end. jon: and the potential of that deal is being reflected let s get you up to speed on markets. futures where are we? i m not sure we are that saw on the dow. we will update you on that in a moment. s&p futures down. that is one year and not intraday. moves, theyraday are your one-year moved spirit let s switch up the board very quickly. hopefully they are intraday moves through they are one year moves once again with euro down. that is the reality today, down by 10% over the last year. around the s go world and check in with our bloomberg team for in-depth coverage of our top stories. matt miller is in berlin on buyers push for monsanto. enda
referendum rapidly approaching. let s get to the stories you need to know about. in london where oil tops $50 a barrel. jodi schneider in japan. and mike mckee right here in new york with the latest fed talks. the rally continues in crude. brent toppinggh, $50 a barrel for the first time this year. javier blas, talk to me about driving things toward and barrel. alter javier: we are losing some had thousand barrels a day in nigeria. 700,000 barrels a day in nigeria. in the background is the demand that a strong. everyone is driving a lot in the u.s. that combined with supply outages is bringing us to $50 a barrel. jon: i want to talk about debt supply. a $9 billion auction what does that tell you about market conditions? javier: the pain for the producers has been really acute. you see qatar borrowing $9 billion. they have a big production, relatively reduced population. it is not a country you would expect to be in trouble. that at $50,ing us the problem is not over. alth
ai apple has moving to the desktop. let s bring in cory johnson who joins us from the apple worldwide developers conference in san francisco. take us through the announcements we have had thus the makeoverabout series was due to get. what have we learned? the biggest news is probably siri moving from the ils, which is the operating system that runs the phone and ipad and expanding to the macintosh operating system and allowing developers to think about ways to write programs to use siri in ils and when they are writing for the macintosh itself. this opens it up to more integration. it was thought to be a competitive advantage because it only works on apple stuff. it a been thinking about ways companies can regulate that and think siri has gotten to a place where they could do that. i think siri is a very hit or miss product for a lot of people and apple is hoping maybe more users would mean more success for that roddick. vonnie: tell us about the name change are there chang
london over the weekend, but we have a full eight days of brexit. but tom, the country still under shock because of the killing of this m.p., and for the first time, we are expecting the tone of the campaign to change. tom: well, i would say it would change, and, of course, the mystery is when it ramps up as we go to next thursday. certainly, francine, a somber tone that really resonates across america that has seen assassination too many times. it really puts a change to our discussion, at least as we go through the weekend. francine: it certainly does. let s get straight to news, and we have more on the brexit campaigning being on hold. in britain, the campaign over whether the country should leave the european union is still on hold after the murder of a labour party leader. police have arrested a man in the shooting of jo cox. cox was shot while talking to constituents in northern england. prime minister david cameron spoke not long after her death. we ve lost a great
on the bloomberg. the reason you do not see a dot beyond on the right-hand side, he is saying that is outside of a poor castable four castable forecastable period. this is fascinating. when the summary of economic projections came out and we look at that straight up right at the bottom, the answer is there now. jim bullard. david: when you read the statement he s just issued, he s saying a lot of things people the fed is about projecting out into the future well beyond what it can no. know.s what it can some people think their models are run. alix: how do you forecast a fed that is data dependent? after the dots were released, there was chatter in the market with alie evans statement of a shift in how you view the economy and where you actually think rates should be. of the f1 all members see are in agreement about the approach to this question. agreement. in the question is whether other people come to jim bullard s side. david: we will have a bloomberg exclusive with
six of the last seven days. saying markets are still a bit nervous about the potential brexit next week. the dow jones is down .3%, the ,asdaq near a three-week four-week low. the s&p 500s down .3%. the s&p 500, one of the few sectors that is up our homebuilders. we just had housing starts data this afternoon showing housing starts are a little unchanged in may, however, permits, indication of future construction, are up and continuing to increase. .hat is helping the markets still, the s&p 500 down .3%, big declines across the board. news is down 1.7% after that regulators in china said the latest iphone s violated some design patents of a chinese headed, so now that is for its biggest slide in five weeks, dragging down the tech sector with it. health care right now leading the declines. we are seeing this has been one of the weakest sectors this whole year. we are now seeing drug pharmaceutical companies down 2.7%. this is on concerns of not only a brexit, which could impac
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 w
remy: stocks are up, and the pound is also up. u.k. bans as from talking further about the referendum, that this is a snapshot of what the markets look like. .9% of for the dow, as well as the s&p 500. the nasdaq up the most, 1.1%. let s look at what is happening with the s&p over the course of the day so far. we are basically trading within a fairly narrow band, about 20 points or so. 2103 right here, about 27 points away from a record high, basically flying high. let s look in my bloomberg with the s&p 10 sectors. again, a very broad rally across the board some from utilities, which are down .3%. up 1.6%.s are materials up by 1.4%. energy up 1% because of oil and natural gas wells rising. a deeper dive into what is happening with the financials. names arell, the big up. citibank up by 3.8%, its highest in about the past two weeks or so. jpmorgan at its highest in about the past 10 days, up 2%. wells fargo of more than 1.5%. materials are gaining, the top percent gainers rig
i know this is all pre-brexit vote, but then we also need to look at yields. that s probably the story of the day. tom: absolutely extraordinary morning. what i find so telling, francine, is i can tell you, i ve never seen a bloomberg screen like this. 2007, 2008, even september 11 of 2001, it s an absolutely extraordinary environment. how fortunate we are to have jim bullard for the hour. francine: right. we re seeing record lows, so not a bloomberg screen, not any screen. tom, we ll get back. those yields and bonds shortly, but first, let s get straight to the bloomberg first word news. francine, in the u.k., the justice secretary will make his case today on why he should be the next prime minister. g next he torpedoed the leadership ambitions of his fellow brexit campaigner, boris johnson. now gove has his sights set on the home secretary, the early favorite to lead the conservative party and the country. the largest oil producer in western europe faces a strike at midni