And i can shake them out very good morning and warm welcome to Worldwide Exchange. Im wilfred frost along with edddee bosa. You said very clearly deescission day. Is that because your name. [ inaudible ] important nonetheless well be talking about that ecb meeting and vienna coming up. I notice the music. Something you did. The theme today is. Summer. I like that theme because it is june and did get my pick in last minute. I already told you. Already told me. But i wont tell the audience. More warming summer tunes to come up. Lets have a look at the futures board right now. Nothing to pronounced. Yesterday a swing in terms of performance for the equity markets. All three indices managed to close in positive territory albeit only very slight gains and looking at only very slight losses in the pre market at the moment. The dow lower by 12 points. The key takeaway was manufacturing data was Strong Enough to keep a june hike a possibility and the markets reaction which was relatively positive also Strong Enough to keep june a possibility. If the same happened on friday with the non pharm payrolls we really would be looking at june as something that may well happen. The 10 year note. 1 fnt 837 . And Global Markets are also looking at the possibility of a june or july rate hike. Were also waiting to hear from the ecb today. A decision due at 7. 45. The central bank is expected to keep rates on hold but raise growth and inflation forecasts. Lets look at early european trading. And we are seeing some gains after a pretty soft start to the week but nothing too major here. Markets are really in a wait and see mode until we do hear from mario draghi. And until we do get the job figures and of course there is that opec meeting today. Lets also look at the euro we are currently at 112 and a little against the dollar. Focus will be on the press conference. What will mario draghi have to say on the referendum. And alsogreece. Will they be allowed to start using their assets at the central bank again. Asia t nikkei dropping over night quite significantly. Down 2. 3 . Among the reasons a stronger yen and a t year delay in the sales tax hike. Fact the yen is at a two week high this morning. The rest of asia positive. Hong kong up half a percent. Shanghai up. When you see a lot of strength in the japanese yen that is typically not great for markets. They cant hold up for too long so that can be another risk event on the horizon. Lets also look at the broader markets. Oil. And we have that opec meeting today. Oil right now has been in a Holding Pattern until we hear from opec. Wti is 49 bucks. Dollar, this is important the next couple days. Wilfred mentioned the yen strengthening and also the euro. The pound is going to be important to watch. We have seen some weakness recently and exciting stuff going on there. Gold as well Dollar Strength is going to be important. We have seen gold take quite a leg down in the month of may. We are seeing a little strength now currently at 1217 an ounce. Opec ministers are of course gathering in vienna. Crude hovering near 50 a barrel. The cartel is not expected to make any changes to production targets. Of course on the rhetoric out of meeting our Brian Sullivan is on the ground with the latest. Good morning. Good morning wilfred and dierdra. We might bet changes on production targets. They just had this media scrum where the ministers sit out and you run around and try to get commentary from them. And there is some optimism that maybe they are going to establish either a total production quota or what venezuela is proposing is that every country comes in with a certain range of production cap. Is that going to happen . Are they going to vote on that . That is what some of the countries are wanting. And the idea in doha was we established a freeze on production. That failed because the saudis and iranians couldnt agree. The iranians are at 3. 8 million, closer to 4 million. So they might be more amenable to make a deal. What about prices because that is all people really care about. Most countries said 50 a barrel is not enough. Listen to this comment from the oil minister from qatar. From the interest of the oil industry for the interest industry of longterm security of supply certainly 50 is not a fair price but a fairer price is needed so that investment is starting to reinjected into our industry in order to secure the supply on longterm. Error is a nice code word for what would like high eer prices. Well see if they can get anything done. The market can move but there is so much animosity between the country, politically, economically, religiously. Well see if they come out with any mojo. A little surprising to hear that 50 isnt enough just considering how much the oil price has ramped up over last few months. Do you think we could maybe get a surprise today from the meeting . Yeah we could. Listen. Weve got to remember that when oil was out a hundred and fell through 50. Dierdra you live in canada. A oil heavy nation. When oil fell through 50 that was bad. We cant be happy now that oil is back to 50 because 50 is 50. It is the same price. And lets couple the trouble too. Venezuela and nigeria struggling fistically. Angela, ecuador. The fact that u. S. Productions come down. The canadian production has come down because of the fires up there in fort mcmurray. Thats maybe helped strength theens opecs case. And weve got to remember that opec is largely being seen as neutered in the world the last few years. They are not quite as powerful as they were with oil. They dont like that. They would like to reinstate opecs implied power over the oil market from this meeting. Thank you so much. Now the big u. S. Economic focus today . Jobs. Employment reports due at 8 15 and weekly jobless claims at 8 30. This all leads to tomorrows Big Government jobs report. Land dowdy with more on on who wha to expect. Added 170,000 jobs in may. That data may have more clout than usual because it could be a predictor for flids jobs report. Last month correctly forshadowed a number. And jobs report at 8 30 a. M. On friday, unemployment is expected to hold at 5 for a Third Straight month. The u. S. Is expected to have added 158,000 jobs in may versus 160,000 in april. And some economists saying the verizon strike likely removed about 40,000 Union Workers from payrolls. And markets are on watch with traders telling the hits and misses that could influence a very data dependent fed which holds a meeting on june 14th and 15th. And if jobs were to surprise and its 250,000 plus, june could come back on the table in a hurry. Here is todays other things to watch. In Corporate News uber raising 3. 5 billion from the investment arm of saudi arabia i. The ride sharing companys most recent funding round now totals 5 billion, giving uber a valuation of 68 billion. That brings us to our twitter question today. Is ride sharing a bubble . And you have to wonder. Those numbers. But it is not just uber. Exactlyright. Weve had the apple investment in china and other investments in various start ups and challenges and yesterday morning the found over juneau on. Uber itself is worth 70 billion and you have all these challenges. Not small challenges either. And they need the money. Their Business Model is they have to keep the market share and keep throwing money of the problem. So big transport company in the world but not a single car on its inventory. Do get in touch with us on that twitter question. And a whistle blower hitting oracle. Claims she w terminated in retaliation for complaining about proper Accounting Practices in the unit. Shares fall in reaction by about 3. 7 . Apple reported by plans to raise up to 4 billion from bond sales in taiwan and australia as of march. Apple had a cash pile of 233 billion. 90 of that is held abroad. Proceeds are expected to help fund apple share buybacks and dividends. In other news on the tech giant Goldman Sachs is trimming stuff. Well see what kind of effect an shares today. And coming up a brexit vote could mean big business for companies in asia. And a look back at this date in history. June 2nd, 1953 the coronation of queen elizabeth. It was the first Major International event to be televised. Were back in just a couple of minutes okay, so whats our latest data say . Our customer is a 21yearold female. Hetball. Wait. Data just changed. Now shes into disc sports. Ah, no shes not. Since when . Since now. Shes into tai chi. She found disc sports too stressful. Hold on. Let me ask you this. Whats she gonna like six months from now . Who do we have on aerial karate . Steve. Steve. Steve. And alexis. Uh, no. Just steve. Just steve. Just steve. Live business, powered by sap. When you run live, you run simple. Between november and april when it hit a 2. 5 year low but has since recovered about 4 . Since recovered but over the last week its softened quite significantly as polls have shown the race getting much closer. Joining us to discuss issues of what a brexit could mean is partner at. You are advising your financial clients on what a brexit could mean and a fall out could be. Exactly right. One of the great triumphs of europe has been the creation of a unified market for investment ideas. This has allowed european managers and managers operating in europe to sell Investment Products not just to consumers in europe but globally. European Investment Products are the Gold Standard in south america and a good part of asia. If there is any kind of disruption to the supply of those products any disruption to new Product Innovation because resources are being devoted towards working out what a brexit means for Asset Managers, this might create a opportunity for particularly u. S. And asian managers. How quick does this happen . Do we wake up the day of the vote if its been for exit and see an Immediate Impact to uk Financial Firms . There is a two year conformance period. And there should be enough time to make whatever arrangements are necessary but it will be a distraction. And we shouldnt underestimate the amount of work it will take to allow uk managers the same access to europe as they have now. And if they dont have the same access. If their attentions are diverted elsewhere that opens the field up to asian and u. S. Managers. Particularly asian Asset Managers have been looking for ways to create a unified asian market. Really buoyed by the success and inspired by the success of the eu in this respect. No fewer than three programs in asia that are designed to try to create a field, a market in asia for investment idea. Do you have any names for us . Each of the three programs are in infancy. They are up and running but it is going to take a lot the dislodge europe from this position. It is such a dominate position. Right now hong kong and europe there is 150 million middle class consumers in china, foreign Investment Products and right now you have to use a hong kong domiciled investment product to sell to those consumers. One of the reasons that london remains one of the leading Financial Centers of the world is because of the talent it attracts there. The great minds and people who want to live there and a lot of that is down to the fact they like london as a place to live. And london woent really change as place to live if the club leaves. Is that really a threat . Not that many people are going to want to leaf. I think london will still be london. But if i could take a slightly tortured footballing analogy we saw during the last transfer window. While the premiership was undergoing a reorganization becae of how tv revenues were distributed, the chinese swooped in and spent more on footballing talent than the premiership did. That kind of reorganization is possible when you combine two things. A little bit of disruption in europe, which is what we had, coupled withoney elsewhere. And were seeing this is not just a china thing. We saw that with uber and saudi arabia today. Great analogy. Thank you very much. And coming up it is a showdown in the golden state. Hillary clinton and Bernie Sanders running nk and neck in the polls. The latest from the campaign trail up next. And here is todays National Forecast from the weather channels kaelly cass. Good morning wilfred and dierdra. Huge flood concerns for places like houston. We saw nearly 4 inches of rain yesterday. A new daily record. We continue under a flash flood watch. Gorgeous day in new york city. Plenty of sunshine. 78 degrees. Got to love that. Near 80 in chicago with the sunshine as well. Hot stuff in the southwest, temperatures in phoenix already starting off in the upper 80s. So we are well on our way to the triple digitsay across the southwest. And you can see a little cooler weather up across the pacific northwest. Seattle looking at cloud cover. Highs around 68 degrees. 79 in bismarck. And 81 idenver. Have a great day you get use to pet odors in your car. You think it smells fine, but your passengers smell this. {ding} eliminate odors youve gone nose blind too, for up to 30 days with the febreze car vent clip. Wow, it smells good in here. So you and your passengers can breathe happy. Hillary clinton starts a push in california today. The latest polls show Bernie Sanders is closing the gap, as clinton tries to focus on donald trump in a major speech today. Tracie potts is in washington with what we can expect. Good morning evyone. What we can expect today is a big push from hillary clinton. Because simply put just a few weeks ago she was ten points ahead in california. Now shes in a dead heat with Bernie Sanders. Hillary clinton makes three stops in california today. Including a major Foreign Policy speech in san diego. Aides say shell call out Donald Trumps positions on muslims and Nuclear Weapons as a threat to national security. On issue after issue. We see someone who is unqualified and unfit to be president of the united states. They said i want japan to nuke. I want japan to get Nuclear Weapons. Give me a break. Our latest maris poll shows sanders closing the gap. Now only two points behind among likely voters and one point ahead among potential voters. Hillary clinton racing to california. Bill clinton racing to california. Maybe they think this campaign is not quite over. Sanders has been crisscrossing the state for 12 days straight. The campaign is raising expectations now on how many people they will reach before tuesdays primary. So sanders raising expectations. Clinton raising money. A lot of it. We just got the numbers in for may. The fundraising numbers looks like she raised 40 million for herself and other democrats last month. How significant would a victory be for sanders . Would it genuinely derail the clinton momentum . Or is it just a slight annoyance for her . Well it would certainly be a symbolic victory. However, because they would split the delegates proportionally by district, even if he wins it is likely shell still get a lot of delegate, enough to put her over that threshold where she needs to be to win the nomination. What it might do though is keep Bernie Sanders in the race longer. And that is a problem for hillary clinton. It certainly is tracie. Thank you very much. Never a dull day and now to supports. The Pittsburgh Penguins and continue their quest for the stanley cup. In overtime. Pittsburgh tops san jose 21 and takes a 20 lead in the series. Game three is saturday in san jose. You can watch it on Nbc Sports Network at 8 00 p. M. Eastern. Still to come this mornings top stories. Plus elon musk speaks out on apple, Artificial Intelligence and bringing people to mars. Well hear from him when Worldwide Exchange returns in a couple minutes. Such a beautiful sound and when you knee Global Markets on high alert. Waiting for decisions from opec and the ecb. And the world according to elon musk. The business visionary speaks on apple, Artificial Intelligence and bringing people to mars. The the oprah effect. Well stell you how the golden arches could be teaming up with the queen of talks former home. Thursday, the 2nd of june, 2016. And you are watching Worldwide Exchange on cnbc. You make me feel Something Like the summertime top down and nothing but time roads on good morning and welcome to Worldwide Exchange on cnbc. Im wilfred frost. And we have a theme going on with the sock. See if you can guess it if you werent here from the beginning. Getting to todays news a pair of economic reports should shed light on what may be fridays jobs data the may employment rate is out this morning. Another month of strong hiring in the private sector is expected with forecasts of increases for 170,000. And weekly jobless claims. Fed governor and dallas fed president are speaking today. And chip maker broadcom and five below report after the closing bell. Ayesterday markets were down but finished just positive. Essentially the dat was Strong Enough to keep a june hike a possibility and the Market Reaction also resilient enough to keep that on the table. All eyes of course will be on Employment Data today but the big jobs number tomorrow. Slight declines in the pre market at the moment. The dow called lower 11 points. Elsewhere european markets a bit of green. Mix at the open but found a little impetus but ultimatel