it is worth noting how you came to know these two guys. michael: i had written moneyball. which was about the way in my mind that markets misvalue people, in this case baseball , players. there were cheap ones and expensive ones. my interest was of that. if baseball players can be misjudged, who cannot be? question, whythe it happened. in a review after the book came out in the new republic, they said basically michael lewis has written a good story but he does not seem to understand there is a good source for all of this stuff. there are two israeli psychologists that did work on the biases, the cognitive biases of the human mind that lead to things like baseball players and political candidates being misjudged and doctors misdiagnosing diseases. charlie: and most important how the mind works. michael: these two guys are named daniel kahneman and amos tversky. i read some of that stuff. i was embarrassed i had not heard of them. daniel kahneman had just won thw nobel p
claim aanother one. guy: you are welcome. it is daybreak. it is our flagship morning show from london. regain there is breaking news, yesterday trillions across the month from equity and bond. today, the guy has raised. manus: it raises its overall loss for 2016. but this great, global reflation trade, is it just as donald trump took the mark, or what is driving at? with fallinga prices and the question for markets is, we have had the third straight month of gains and advances in the ppi. you are looking at an 11th month high for the ppi. export is it going to the relation to the rest of the world? mining is up. it was nearly a percent last month. could they be in hike mode? that is what some people are saying. we will transfer this. stocks are trading and momentum is building. take a look at the top of the screen. up by more than .5%. another record. and call options on the s&p 500 are hitting a record. 9000 contracts, that is what they have their hands on. this has
seeing doolittle, we are lots of records yet again. abigail: we have green for the u.s. major averages. we have more record highs to talk about. nasdaq, s&p 500, the all three averages are on pace to finish at record closes. up six daysis now in a row. if it closes that way, it will be the longest daily winning streak since before brexit. a bit of a risk on trading today. as we look at currencies, there is confirmation of this risk on trading for the markets. we have the bloomberg dollar index up nicely. on pace for its birthday since the end of november. best day since the end of november. the yen is on pace for its worst day since the end of november, trading at the lowest level since february. taking a look at the commodity complex, oil is higher. on the week it is slightly lower. this follows last week s massive gain, up more than 12% on that opec supply deal. we are wondering if we will see more declines after that initial pop. if we look at the bloomberg, and we look
global news 24 hours a day powered by more than 2600 and analysts in more than 120 countries. this is bloomberg. bloomberg technology is next. caroline: i m caroline hyde in for emily chang. this is bloomberg technology. coming up, $14 billion from the television empire he has always longed for. we will analyze the proposed merger. the road ahead for tech in the u.s. with donald trump in the drivers seat. commerce secretary penny pritzker joins us for an exclusive. a real-life robot going to war in a virtual space. we will introduce you to the augmented reality battlefield. first, our lead. 21st century fox has reached a preliminary deal to buy sky for $14.1 billion. shares closed down more than 2%. sky shares closed up 26%. you will remember rupert murdoch owns 29% of sky and has been trying to increase his stake for years. joining us for more on this deal is alex sherman. thank you for joining us. i remember six years ago when this deal first emerged because there was c
welcome. why has your stock risen? brian: i like to take credit, but if you think about what the election has sparked, interest rates will go up, and they anticipate a better economy. the fed has been signaling it. it would be a surprise if it didn t, quite frankly, rates going up. but mostly, a view that regulation, even if it doesn t go backwards, will go forwards. that is good for a bank s ability to turn capital. and it s good for growth. at the end of the day, if capitalism succeeds, the economy grows, and banks facilitate that. charlie: will rising interest rates create a dramatic increase in your revenue? brian: it s a significant amount of revenue increase. it has been a long time at low rates, and the business model does better at a little bit higher rate structure. from the consumer side, the rate structure is still very low and very accommodate of two economic activity. just because the fed funds may be 25 basis points, that s extremely low in historical context.