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
Florida. It is about the pandemic. The Market Reaction to that, as Jonathan Ferro mentioned earlier , we have seen remarkable stability in the pricing of the Global Financial system in the last three or four days. Mathematically brilliant, in the last 48 hours we have seen yields in. There is no question all of our conversations, including Mohamed Elerian and jim paulsen have to be about what the bond yield signal. Jonathan it is not a huge move, but it is a break. It has been so sticky for the last several weeks, and we break lower by several basis points. Yield, which real have moved aggressively lower. Treasuries on the one hand, on the other, dollaryen. Morning, 1. 06, they are not huge moves but we are starting to break down in a way that is maybe complementing the Risk Appetite elsewhere. Tom totally on the point of real yields yesterday. I do not think people understand there is the visible yield, and then there is the yield after you adjust for inflation. Business has trouble g