With Bloomberg you get the story behind the story, the story behind the global birth rate,

behind your EV batteries environmental impact, behind sand. Yeah, sand, you get context.

And context changes everything.

Go to Bloomberg.com to get context.

Global business news 24 hours a day

at Bloomberg.com, the Radio Plus Mobile app, and on your radio.

This is a Bloomberg business flash.

And I'm Karen Moscow. Caterpillar down 2% this morning, the biggest maker of construction and mining machinery saying first quarter

sales and profit will trail analyst estimates amid a deepening slump

across commodities. Futures lower this morning.

S&P E-E-Many futures down 8 points, Dow- E. many futures down 62.

Nasdaq E many futures down 19.

The Dax and Germany is down 1.8 percent.

Ten year Treasury, up 12.30 seconds, The yield 1.86%

9x crude oil up 1.6% or 60 cents to 3906 a barrel.

Comex gold up 3.3% or $40.70 cents to 1270 an ounce. The euro, $1.1318, the yen 111.28. And that's a Bloomberg Business Flash.

Tom and Mike.

Karen, thanks so much. It's an eventful morning, no not like Draghi and ECB, but the fallout still

from yesterday's comments by Chair Yellen and moving on to Bank of England. What is it, Mike, Bank of England in 40 minutes or so?

Bank of England in 40 minutes because they're not yet on British summertime.

They have to be sobered.

They have to be sobered over what has happened to the list which is hard to do on

...