Philly Fed Manufacturing Unexpectedly Falls in May

May 16 (Bloomberg) -- Bloomberg's Scarlet Fu reports that manufacturing in the month of May for the Philadelphia region unexpectedly contracted for the first time in three months to minus 5.2 from 1.3 the prior month and also runs down the day's other economic data. She speaks on Bloomberg Television's "Market Makers."

Bond Yields Won't Be Structurally Lower: Pimco's Amey
14:30 - Mike Amey, managing director and portfolio manager at Pimco, discusses European bond yields, their impact on institutional investors, and the amount of liquidity in his portfolio. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
  • Euro's Mysterious Moves Ahead of ECB's Meeting
  • Will China Delay Another Fed Rate Hike Opportunity?
  • Russia to Target IS in Syria but Rift Over Assad Remains