Of ubs investment banking. Kaiser of ubs investment bank. Anything stood out to you so far . This is pretty much as expected. The key is to emphasize there is uncertainty, even though we have the emphatic conservative victory in the election, and we know that brexit is going to happen. Theres still uncertainty about what kind of brexit, and short for the bank of england, we dont know what the fiscal policies of this government will be. There is a little bit of stimulus built into their servitors manifesto which was not taken into account in the current bank of england forecast , but they have room to do a great deal more. If you have a budget in the next months from the conservatives which primes the me, has a lot of stem it economy, that has changes the outlook. Those seven who voted against change probably had that in mind. Alix are you trading cable at all . Stuart todays decision is pretty much in line with expectations. I think the view is the first half of the year you get the or
Sconces willt of break records in sales. Sonali basak, natalie wong and lisa lee. Lets begin with sonali. There is a question of who will finance this company and as softbank takes control. Goldman sachs trying to get a loan deal done but there is something unique. Please explain. Sonali softbank said we work as the coborrower here. Softbank and we work had become intertwined since they got into this deal. Softbank has been emerging as somebody that banks want to work with, despite the troubles that have happened, they are seeing portfolio companies, something they have a big Portfolio Company. Something to look out for next year is doordash. Also a Portfolio Company in the vision fund, working with j. P. Morgan for a Credit Facility here. Lisa softbank is listed as the main borrower. They are putting their own money and name on the block here. How much of a liability is this for softbank in a broad sense . Case ofk in isolated this coming into their purview . Are they going to bring o
They are cheaper. We will test 1 . The 10l get to 1. 2 on year. I dont see a resolution on the trade front. I think that weight will continue to weigh on the u. S. Economy. Back will have to come again. There has been a tremendous shift across central bank landscapes in 2019. How do you think that could happen . It probably couldnt. Lisa everyone ganging up on bob michele. We have more perspective. Joining me around the table is Marilyn Watson of blackrock, Matt Hornbach of Morgan Stanley and Subadra Rajappa of societe generale. Marilyn, i would love to start with you. Do you think that now that we have some contours of a trade deal, that we will seek 10 year treasury yields bleed higher into next year . Marilyn we have to see what the details are on the phase one trade deal, how much they will roll back next year, the impact for the rest of this year. It would reduce some of the headwinds if we see more stabilization. But i think going into next year where you had some of the we think
The feds job to take the data at face value. The best thing is to look at the data and standby that. No matter what they do they will get criticized. Im not concerned about the fed cutting rates. This is bloomberg surveillance with jonathan ferro, lisa abramowicz, and annmarie hordern. Jonathan ending q1 with equities alltime highs and high yield spreads at multiyear highs. If bramo was here she would say what could go wrong . The third hour of bloomberg surveillance great begins right now. We are together with peter tchir of Academy Securities. Lisa will be back tomorrow morning. Lets get straight into q2. This is what we are looking for. Monday pmis, the ism. Tomorrow the jolts report. Adp on wednesday together with chairman powell speaking. Thursday jobless claims. Friday the payroll report. Next week, cpi and Bank Earnings on deck. Equities kicking off q2 look like this on the s p 500. Futures positive. 25 . Yields higher by a single basis point. Coming up this hour, peter tchir of
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