The deal he this number pivotal ahead of tomorrows opec meeting. P. M. , the twoyear had a did to cover ratios yesterday, the highest in a year so watch the option. , whent the fomc minutes it decides to leave rates on home. How does the Balance Sheet pay into that . Robert kaplan and Neel Kashkari will be speaking. David it turns out china has a lot of debt. We may have known that before, but it is official overnight. They downgraded chinese debt for the first time in 30 years. The Senior Vice President had this to say about the decision. Be a gradualto erosion of credit metrics. We are looking at the policies the government isnt lamenting. The authorities have recognized the risks with high leverage and have a very broad structural reform. We think that counts to the point where leverage will increase more slowly than it has in the past. Still, these measures will not be enough to reverse the increasing leverage. David joining us now is chief economics correspondent for bloomberg. It
For the fifth day and arose a row. Anna chandra is here. Multiple reports that president lawyers are trying to undercut Robert Mueller, who is investigating russia. According to the Washington Post, they are saying he has conflicts of interest. The president has been asking about pardoning aids, family members, even himself. Had anican student imprisoned in north korea. He was in a coma when he was released from eight north korean prison. The imf is ended two years of speculation and agreed it to another bailout of greece. Ilionw loan was 1. 8 dollars. That is contingent on debt relief. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. Jonathan thats a you get the euro down. I dont know if investors are by that. My own draghi brought the doves out. The euro is not buying it. The table andd the stimulus program. He delivered a hawkish message to the ecb. Highestthe euro to the in almost two years. Join this is Ri
Going at the moment. Off by 1 . Its all about the meeting between opec and their allies as to whether they can start to restrain supplies. Its time for your morning brief and a look ahead at the week. Nonopec members will discuss compliance with production cuts. Disney out after the close on tuesday. On wednesday, south african faces at Jacob Zuma Vote of noconfidence. Friday is u. S. Cpi data. The markets will be paying the most attention to those numbers on the heels of strong jobs numbers last friday in a continuing question of why we arent seeing more inflation. As you can see from this chart, the cost of protection inflation is largely down so far. Markets, two bond market tightens, black mark and blackrock and vanguard journey me now is paul richard. Welcome back to the program. Answer this quandary. Where is inflation . Shouldnt it be higher given all the other phenomena . Is hiding somewhere. I think vanguard and blackrock are right. It is coming. We just dont know when. You ca
Tip auction. It breaks even under 2 . Im interested in the demand and the yield that it goes for. And federal reserve, the governor Jerome Powell will be speakingen a panel on washington. And Michael Mckee interviews Robert Kaplan at 7 30 a. M. Eastern. Is going to be an exclusive interview. How do they square that . And that Balance Sheet. David that exciting base book. Jonathan i want to know what the rest of the week looks like. [laughter] lix it has them cringing. David ok. Bank regulations frames the news with preposals kicking around including bringing you back glass seeing toll free up banks in other ways. An exclusive interview with bloomberg, former chairman paul volker thought he thought it would be a bad idea. What i would oppose if they do that and thinking that the Investment Banking operation, trading operation is going to stay super vacation and regulation which is i assume may be the thrust of this. But that just doesnt fly and thats where we were. Nd thats what broke d
With oil. Opec ministers are trying to salvage an agreement on production cuts as saudi officials are conceding they may not get a deal at wednesdays meeting in vienna. Crude now falling below 46 a barrel. Francois fillon clinched the French Republican nomination in a landslide victory. Everyone agrees that they spent less money and more time online. 20 overe sales are up last year. That is what you need to know at this hour. Julie . Julie a editor for energy and commodities joins us. , there have been these bouncing headlines around on not only the opec numbers themselves , but also on russia. What is the latest in terms of progress here . There are a couple of things going on today. And Venezuelan Oil ministers are flying to moscow, where they will attempt to persuade the russian government that they should also join in this deal as the largest producer outside opec and cut action. So for the russians have only offered to cap entries production. The most important intervention we hav