Abramowicz and tom keene. The first full week for america. We welcome all of you to our simulcast, Bloomberg Radio and bloomberg television. It is merger monday. Across the headline from verizon, they will buy track phones from america mobile for 6. 25 billion. It is like an afterthought this morning when you look at the frenzy to get out there and by revenue. Announced 60 minutes ago, if you have access to these Capital Markets and many people do, they have the money to go do it. Immediate fixed income picture, William Gross will join us at the bottom of the hour. We will get an update from the retired one. I want to talk to him about the financial repression. Lisa, that is a backdrop to everything we talked about. Anybody with yield after inflation is losing. They are falling behind every day. Lisa it is cheaper to borrow money and invest in anything else because it is so cheap to borrow. That is what is driving a lot of the frenzy. There is a question about how far can the financial
Their lived by the end of the year. While following Safety Measures in place from the coronavirus, the pandemic has not prevented people from reflecting on the tragedy and praying for world peace. Translator when you think out thatt time, its tragic and cruel. This kind of tragedy should never happen again. Translator my parents are survivors. Ive come here to tell victims that ill never forget them even though i havent been able to do anything to abolish Nuclear Weapons. About 800 people attended the hiroshima Peace Memorial ceremony, including survivors of the bombing. Theyre getting older with your average age now over 83. Representatives of 80 countries were also there. Due to the pandemic, the number of people attending the event were limited to less than 1 10 of the usual. Hiroshima mayor placed the victims. It includes the names of survivors who died over the past year. 324,129 people are now commemorated in the monument. The city fell silent at 8 15 a. M. , the exact moment whe
To do here. I have always been reluctant to say this truly could be one of the most important things we as members of this committee do. The world is experiencing today and what the american and as is americas face is one of the most significant challenges that a lot of us will face in our lifetime. The bad news, the really bad news is that its entirely possible that it will happen again. I say this of course because the experts tell us that this virus that made the leap from one species to another can very easily happen again and if there are 2000 of these viruses out there you have no idea what they can do when they get into a human being. Thats what experts and scientists tell us have identified within their branch about 2000 different viruses. Having said that we need to look forward and i want to stress what im trying to do with this and what about all of us are trying to do, to look forward. There are a lot of hearings going on and a lot of hyperbowl going on and a lot of blame a
Let me take just a moment to talk about what we are attempting to do here in the senate. Exaggeration and hyperbole is the order of the day. Say always reluctant to this truly could be one of the most important things we as members of this committee do. What the world is experiencing today, what the United States is facing today, is one of the most significant challenges that a lot of us will face in our lifetime. The bad news, the really bad possibleit is entirely that it will happen again, and i say this because the experts virus thatt this made the leap from one species can very easily happen again. There are 2000 of these viruses out there. Dohave no idea what they can if they get into a human being. Us they haves tell identified within their ranks about 2000 different viruses. Having said that, we need to want toward, and i stress what i am trying to do with this and what all of us are trying to do, look forward. There are a lot of hearings going on. Theres a lot of hyperbole goin
Worse. The chip index is down 1. 7 percent. A lot of those chipmakers receive revenue from china. We also have an index called the Golden Dragon china index down 2. 2 . Those are chinese firms listed in the u. S. Of course one of the triggers for this tension was the fact the senate did pass a bill that would move to d list to delist Foreign Companies in the u. S. Not saying it is targeting china, but that would be a piece of it. We she we see more weakness for the china related shares. David that is what we see in equities. What about bonds . What about commodities . Abigail it is not a different story. The bloomberg Commodity Index is down. Broadbased selling for the metals. Gold and silver down sharply. Oil was up a little bit. That is a divergence. A solid decline. Bonds are higher, so i risk off tone. What is also higher as the bloomberg dollar index. It will be interesting to see whether or not the risk off tone holds. Last year every other day it seemed we were talking risk on r