We will see mixed pmi globally. The pmi will continue falling. It will be a big hit to china, hong kong, maybe all of asia. The bond market is saying something is wrong. You look at where we are in 10 year yields. Fixed income yields keep falling. Yields are incredibly low. Very low yields. They are pricing in structural stagnation, recession, or deflation. Weakness overseas, negative yields overseas and the relative attractiveness of the treasury. Investors trying to find safe havens to ride some of this out. Jonathan joining me around the table in new york, priya misra, vishwanath tirupattur, and from minneapolis, Tony Rodriguez. We will talk about the data and then move into the treasury market. Lets begin with the data. It is really quite messy and difficult to get your hands around. Priya it is, but todays data is the only data point where we can say the u. S. Might be impacted by the coronavirus. I would say you look at price action across asset classes, it looks like the treasur
The focus is to make this next three quarters count. Kailey a major merger in telecom gets approved. It was an unusual decision. Kailey democrats unite sen. Sanders we are going to unite together. Kailey a Cabinet Reshuffle in the u. K. Takes a startling turn. Not someone walking out on the job. Kailey an exit interview with the outgoing Credit Suisse ceo. Tidjane thiam. The true legacy comes after we leave. Kailey it is all straight ahead on bloomberg best. Hello and welcome. And this isleinz, bloomberg best. Your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. We began with a familiar focus, assessing the spread of the coronavirus outbreak and measures to blunt its impact. The global death toll from the coronavirus has now topped 900. Hubei province posted the most fatalities for one day. Medical experts from the dove w. H. O. Heading to the epicenter of the
Happened in february where there was an attack an indian side and india blamed that on pakistan this is happening obviously the backdrop of indias Independence Day on the 15th of august pakistanis are marking it as a black the across the country there have been protests inside pakistan and outside of pakistan as well where pakistani leaders have gone to high commissions and embassies of india one of one such large protest happened in london where the advisor to the Prime Minister also went the reason was that he told media that he wants to highlight the Human Rights Violations that are being committed on the indian side of the border because it has been 12 days that india has not lifted its blockade on the kashmiri people pakistan insisting that 12000000 kashmiris are being held hostage by Indian Forces where theyre not allowing any movement any congregation or basic telephone and Internet Services and shovel has more on the story now from new delhi. The Indian Government is not here t
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Atm limits. Extending the qe program 32017. They await the opec talks. Concerns independent producers may not reduce output. A landmark day for south korea as they are set to impeach President Park geunhye. More in a story, just ahead. Lets take a quick look on how the markets are looking. Haidi is standing by. Haidi we are getting a picture here, we have the Southeast Asian markets, taiwan getting on board today. Andness through malaysia singapore just keeping its head above water. Investors the sense are trying to take the time to digest what the ecb trajectory is. We look like we are on the cusp of a taper. Also, critically removing some of these key technicalities so the ecb has greater control over this aspect of the program. We are seeing nice gains from tokyo. Extending that rally 2. 7 . Yen, 114 at the moment. That is lending support to retailers. Weakness coming through from new zealand, down by. 4 . We do have a shift in policy. Driving the kiwi dollar to a high. Ofy have sai