And we speak live to the former white house chief Economic Advisor gary cohen. Up, a new Community Pro or a new economy for a new economy. We bring you exclusive interviews with the Credit Suisse chief executive, ubs, and many more. Welcome to bloomberg surveillance. I am a Francine Lacqua. Before we get to any of those interviews, let me just have a quick check on the markets for you. Look at stocks dropping in europe. Asia was a mixed session. Fromcomes as support congress for protesters, kids prospects of a trade deal. We are also looking at bonds edging higher. Beijings chief negotiators says he is cautiously optimistic after a phase one trade deal. Lets get straight to first word news in new york city. Rudy giuliani and donald trump demanded a quid quo pro from ukraine. Is astunning admission damaging testimony for President Trump. He went on to say giuliani was holding up a white house meeting unless ukraine announced investigations. The latest debate, democrats focused on Presid
The fed is going nowhere. It is reasonable to expect the fed to kind of be on hold. The front end of the curve is selling off more than the backend. The market is saying the fed pause is warranted. The fed is doing nothing. It is probably going to remain on pause for a good portion of next year. Jonathan joining me around the table in new york, gershon distenfeld, priya misra, and krishna memani. Priya, lets begin with you. What a payrolls report. Priya a good report, no way to look around it. When we take out the gm numbers, still a solid number. But i have to highlight caution a little bit. The labor market is a lagging indicator. Lets look at the fundamentals. Is Global Growth for sure bottoming . There are some signs that it may be. Is it about to surge ahead . I am skeptical. We are not getting stimulus out of china, europe. In our view, Global Growth probably models along. The trade uncertainty, we are so hung up on this trade deal. Know the phase one deal, which is not guarantee
Global growth bottom. Data has bottomed out. Probably bottomed out. The data has been decelerating for the last year, 18 months. That is coming to an end. Confidence is rebuilding. You can see it in the bottoms up numbers. The data has been bottoming. It is not 100 . All we are looking for markets to go hire is for the Global Economy to revive and overall trade issues do not get worse. If trade negotiations fall apart right now and phase four tariffs go in, you cannot tell me that the data will not get worse. You either get a phase one deal, which is fine, or it falls apart, and we go into phase four tariffs, which is bad. Jonathan joining me around the table is mike schumaker, kathy jones, and Matthew Hornbach. Kathy, i have been fascinated this week. I cannot find any consensus this week as to what is driving the market. What is it . Kathy it seems like this resilience in the u. S. Economy, the belief that the Global Economy is bottoming, maybe we will get a trade deal i am a little
The real key here is the Global Growth bottom. Data has bottomed out. The data has been decelerating for the last year, 18 months. That is coming to an end. Confidence is rebuilding. The data has been bottoming. It is not 100 . All we are looking for markets to go hire is for the Global Economy to revive and overall trade issues do not get worse. If trade negotiations fall urart right now and face fo tariffs go in, you cannot tell me that the data will not get worse. You either get a phase one deal, which is fine, or it falls apart, and we go into phase one phase four tariffs, which is bad. Jonathan joining me around the table is matthew schumaker, kathy jones, and Matthew Hornbach. Kathy, i have been fascinated this week. I cannot find any consensus this week as to what is driving the market. What is it . Kathy it seems like this resilience in the u. S. Economy, the belief that the Global Economy is bottoming, maybe we deal i amade little skeptical on the deal thing those seem to be t
Data has bottomed out. The data has been decelerating the past 18 months. That is coming to an end. Confidence is rebuilding. The data has been bottoming. All we are looking for markets to go higher is for the Global Economy to revive and trade issues to not get worse. If trade negotiations fall apart right now, and the tariffs go in, you cannot tell me that the data will not get worse. If you get a phase one deal, which is fine, or it falls apart, and we go into phase one tariffs, which is bad. Jonathan joining me around the table is matthew schumaker, kathy jones, and Matthew Hornbach. I have been fascinated this week. I cannot find any consensus this week as to what is driving the market. What is it . Kathy it seems like this resilience in the u. S. Economy, belief that the Global Economy is bottoming, maybe we get a trade deal a little skeptical on the deal thing those seem to be the drivers. Jonathan some people believe it is. Where is Matthew Hornbach on that argument . Matthew i