The real departure point for normalization is july but later prayed the fed will be slow to lower Interest Rates. We are seeing the market fundamentally reassess the outlook for fed cuts for this year. This is bloomberg surveillance with jonathan ferro, Lisa Abramowicz and annmarie hordern. The first message i received in the commercial break, im going back to bed. Which i had a feeling some people would have that feeling. And massive week ahead. A recipe for a big week. Nvidia, the investors conference later this morning and a sprinkle of Central Bank Decisions. I cant get past this, capitalism will eat itself and all these interesting things. Becoming more dependent on the state for handouts. Lisa this is the reason why some of these big structural changes matter. The fed and the boj, the Central Bank Decisions are they losing the plot, are they losing the narrative, are they losing the economic trajectory being transformed by other factors including some technological shifts that wi
when the may sunshine comes out from the word go in the west will feel pleasantly warm with temperatures widely in the high teens, low 20s, could be make it 22 in northern ireland, the warmest day of the year so far. second half of the week in, a cold front moving in across the north west of the uk dropping rain and temperatures. the rain milking into wales and north west england but ahead of that we are into the warm air across central and eastern england with temperatures reaching the low 20s but much cooler for scotland and northern ireland across the second half of the weekend. before i go i wanted to show you this, a dangerous looking cyclone set make landfall around myanmar, bangladesh border region, and this is home to hundreds of thousands of rohingya refugees and the weather looks pretty atrocious over the next few days with some very serious weather impacts potentially. thanks, chris. could the us government really run out of money in less than three weeks? if congr
Morning, bloomberg surveillance on bloomberg tv and radio. Your equity markets are highly unchanged. We start in the bond market, twoyear, fiveyear, 10 year, 30 year. Cycle highs. Tom global wall street is focused and quickly nonglobal wall street will get focused. There has been a shift. It could be because of israel or this, that, or the other thing. Statistically we reached a tipping point. Jonathan is this a substitute for further reaction from the Federal Reserve . Lisa you will be speaking today at noon. Yesterday tom barkan said that the problem with allowing the long and to do the work for you is that it moves. Although right now it seems to be moving in a more restrictive place. Im curious. The fact that we had risk off yesterday and at the same time we saw bond yields reach the highest levels going back 16 or 17 years across the curve, what does that tell you about the new haven status about the treasury market . That is going to be an underlying angst. Jonathan the communica
Tested every single day. New scientific analysis, seen by the bbc, suggests the goals of the paris climate agreement are coming within reach. The Climate Action tracker study looks at the latest promises from countries including china, as well as the plans of us president electjoe biden. Matt mcgrath has more. From the uks wettest february on record to raging wildfires in california. The fingerprints of Climate Change linked to human activities have become increasingly clear this year. In efforts to curb greenhouse gases, has so far had limited impact. When countries signed the paris climate agreement in 2015 they undertook to limit the rises in temperatures to below two celsius this century. But when scientist added up all the pledges to cut carbon they added up to about three degrees by 2100. But the last three months have seen some significant changes. China surprise the world by announcing at the un david dein for net zero Carbon Emissions by2060, for net zero Carbon Emissions by 2
After the agency which oversees the process ruled that it could formally begin. The General Services administration will now release funds to mr biden, and his officials will receive security briefings. This is how mr trumps acceptance came, in a tweet that says its in the best interests of the United States for his team to co operate with protocols. Joe biden has unsurprisingly welcomed the decision, saying todays decision is a needed step to begin tackling the challenges facing our nation, including getting the pandemic under control and our economy back on track. In the days ahead, transition officials will begin meeting with federal officials to discuss the pandemic response, have a full account of our National Security interests and gain a complete understanding of the Trump Administrations efforts to hollow out Government Agencies. Im joined now by our north america correspondent peter bowes in los angeles. Some weeks ago any of us had never heard of the General Services administ