0:00

News when he wanted with Bloomberg News. Now

0:03

I'm caroline hip care. And I'm Steven

0:05

Cairo. The Federal Reserve is expected

0:07

to hold interest rates today and

0:09

signal no plans for cuts in

0:11

the near future. Blue Bag Economics

0:13

also believes that Chair Jerome Powell

0:15

will adopt a more hawkish towed

0:17

in his comments Following the decision

0:19

they expected Hawkish pivot comes off

0:21

to a series of hotter than

0:23

expected inflation and economic data which

0:26

has led traders to unwind bets

0:28

on cuts. The former Reserve Bank

0:30

of India Governor Raghuram Rajan says

0:32

that Fed policymakers got ahead of

0:34

themselves and recent. Meeting. The fact

0:36

that we are in a birdie on

0:38

certain word that we've switch from soft

0:41

landing too hard landing to more landing

0:43

and back. I think that would suggest

0:45

a little bit of caution when the

0:47

fed trying to predict the future and

0:49

it should a me with hindsight have

0:51

basically state with the we will know

0:54

when enough is enough when we can

0:56

start cutting but right now we're not

0:58

gonna make strong predictions. Raghuram.

1:01

Rajan also hinted that the Fed may

1:03

even need to raise rates in future

1:05

if the data continues to come in

1:08

halt. Now we'll bring you the right

1:10

decision. Live here on Blue Bag at

1:12

seven Pm London Time with children pals.

1:15

Press conference thirty minutes later. Their

1:17

interest rates remaining high in the Us

1:19

will continue drive strength in the dollar

1:21

on Monday that opposed to fourth Japanese

1:23

authorities to intervene to prop up the

1:26

yen for the first time since Twenty

1:28

Twenty Two Bank of Japan a kinds

1:30

analyzed by Bloomberg suggests intervention did take

1:32

place. Bloomberg Garfield Rhinos says failing to

1:35

step in could have left authorities with

1:37

a number of problems with the reverse

1:39

argument would be what they hadn't intervened.

1:41

And Us starting from a hundred and

1:44

sixty or more yen per dollar then

1:46

who knows. Where you could end up

1:48

one hundred and seventy would come into

1:50

play pretty rapidly, and that's the sort

1:52

of thing that would have a lot

1:54

of impact on Japan's economy, on the

1:57

political situation. Gov. His

1:59

eyes and bloomberg small live team that the

2:01

and could face it. Further pressure after today's

2:03

had a reserve meeting. New.

2:05

York City Police search don't see

2:07

Columbia University's campus overnight Arresting pro

2:10

Palestinian demonstrate as he had barricaded

2:12

themselves into a building according to

2:14

a pool of dozens of people

2:16

were detained and loaded on to

2:18

buses as tones continued. Those

2:28

who oppose us is at the scene

2:31

silencing that university to said in a

2:33

statement that they were left with no

2:35

choice but to cool authorities after Columbus

2:37

own security personnel were forced out of

2:39

the building. The police action cats two

2:42

weeks of rising tension at the University

2:44

which saw more than a hundred arrests

2:46

on the a seat of April. The.

2:49

Town. Jeremy Hunt has publicly criticized

2:51

the Uk regulators plans to name

2:53

and same companies it's investigating. In

2:55

a rare political intervention, Hunt said

2:57

he hoped the Financial Conduct Authority

3:00

would relocate their decision after an

3:02

industry backlash. The fans who are

3:04

stock says farms and consumers would

3:06

benefit from knowing which issues are

3:08

in the watchdog sites, but the

3:10

Fc Fc A says plans are

3:12

still at the consultation phase. Nazi.

3:15

Earnings Amazon's Clouds Unit Pay said

3:17

it's strongest sales growth any yet.

3:19

The first quarter results of a

3:22

sign that businesses are starting to

3:24

spend more on tech protects partly

3:26

driven by a Only demands be

3:28

Bags Tech Correspondent atlas let explains

3:30

the strategy is basically to be

3:32

a place. Where other companies who

3:35

are interested in a items can

3:37

build whatever software it is, they

3:39

won on Ada. Eight obvious is

3:41

platforms. The

3:43

was a headless a seeking that

3:45

he added. The company's sixteen point

3:47

three billion dollar operating profit is

3:50

also down to see as and

3:52

he just sees costs cutting programs.

3:54

Despite that, Amazon main the he

3:56

commerce business slightly missed analysts' estimates

3:59

as consumers. Tried to save money.

4:02

To. The Breaking news now in the

4:04

drugmaker Gsk has reported first quarter revenue

4:06

that beat expectations at seven point three

4:08

six billion pounds. The estimate the been

4:11

for just over seven point one billion

4:13

pounds. The company also upgrading it's fully

4:15

are adjusted earnings per share growth to

4:18

eight to ten percent that first as

4:20

their previous expects a expectations of growth

4:22

to six of six to nine percents.

4:25

Lizzie. See now is urged supporters

4:27

to take part in the greatest

4:29

comeback in political history as he

4:31

child badly behind in the polls.

4:33

The that understands that the Conservative

4:35

leader attempted of rallying speech to

4:37

party campaign as head of local

4:39

elections to Morris Public same so

4:41

called has more. Since.

4:44

The nineteen Nineties is the opposition

4:46

have been ahead in the polls

4:48

by more than five percentage points.

4:50

A year out the general election

4:52

they taken over governments Labour a

4:54

currently twenty points ahead. So when

4:56

Rishi see like talks about the

4:58

greatest comeback that is the political

5:00

gravity he's trying to overcome his

5:02

remarks urls what admission of the

5:04

electoral clobbering is expected Taken Thursday's

5:06

local elections with some sizes think

5:08

made and be used to try

5:10

and see him. And. London Daves,

5:13

Will Cock Bloomberg Radio. Those.

5:15

Are your top stories on the market

5:17

for the one hundred teachers are flat? To

5:20

the upsize, the Nikkei in Tokyo down three

5:22

tenths of one percent of the ten year

5:24

treasury yields is holding steady at four point

5:27

Six eight percent. That's news when

5:29

he wants his with Bloomberg News. Now

5:31

I'm Caroline Healthcare. I'm Steven Carol

5:33

unsafe a thing bird. The

5:38

down has the gun. this

5:41

may. a thousand global leaders

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will gather in Doha. Qatar

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Economic Forum powered by Bloomberg

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held Anthony Johnson without a

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on South's You and Be

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Bond. Open a i've crowd like

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cat. Pop researcher Dr. Face

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a lot of Stanford and many

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more more details and just a

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few tickets left at bloomberg.com/ Set

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us up.