in placen, and the fog on fiscal stimulus. it has crept up on us after the dueling debates of last week, but there it is on thursday in nashville, with a mute button. it will be interesting. jonathan: we know this campaign is unhappy, not with the mute button, but with the topics. they want this debate to be about foreign policy. i imagine the president wants that to be about foreign policy, and he will do his best to make it just about that. tom: he will do that. you wonder if it will be the uproar over the bidens in the out york post article front of our giuliani interview the other day, but help me here, lisa. this is really important. does foreign policy matter in a presidential election? i am not sure it does. lisa: i would argue in this case it does, not so much with russia, but with china. we have seen an increasing amount of betting on the chinese economy, not because they have handled the virus arguably better than we have come about because they believe joe biden w
out. alix: yields on the 30 year in the u.s. down 19 basis points. let s get some more layered a, julia coronado joins us now. we have been trying to answer this question, what is driving the dramatic decline and move into safe havens? onryone has been blaming it jay powell s gdp forecast for 2022. do you buy that? is notthe fed s forecast at all out of step with the consensus in bloomberg, blue-chip, all of the congressional budget office, so i don t think that is new to the market that it will be a gradual recovery, and i thought that powell s message was steadfast in terms of the fed s commitment to participating in the recovery. i don t think this can be blamed on the fed. into complacency with the virus. states that are opening up are starting to see escalating cases even controlled for increased testing. this is still a problem that we need to grapple with, is coming back to the forefront. we were always going somet a risk aversion and point the market would have a ri
in europe. european stocks hitting a 20% bounce up from the bear market in 2020. a little bit of selling on the bond market as growth questions continue and oil takes another leg lower. let s get right to the bank numbers. jp morgan shares up by about 2%. they reported blowout fixed income and trading revenue. with us now is alison williams is sonali basak. sonali: provisions for loan losses are really skyrocketing here, more than $8 billion expected. a lot of it is coming from the consumer business, where those provisions are more than $5 billion. on the other end of the loan but, we are expecting lower net interest income this year. also, as one would expect with lower interest rates, that would come into about $55 billion, lower than the 57 billion dollars initially estimated. on the bright side, we saw net interest income for the quarter come in pretty healthy, and fixed income revenue beat by almost $1 billion. trading was able to hold up. the question is, wasn t able
around the world from hong kong to brussels, berlin, new york, and washington. our bloomberg s voices are on the ground with the top stories. we begin in asia. the death toll from the exceedsrus exudes 2000 in china. walk me through of what we re hearing from the government in terms of supporting the economy. the 75,000to get to new cases of shared of this virus new cases out there this virus. this may have been a lot worse a lot worse. there is a 70-year-old man in hong kong who succumbed to his illness at the hospital. he had underlying issues. but let s talk about the cruise ships. we have one in cambodia and we whichhe diamond princess have the most localized cases outside of japan. people are being led off that boat and being evacuated. if you test negative, it can reappear. it can remain dormant. what are we doing here? what is happening? they re suggesting a 14 day quarantine when you leave the boat. we were talking about how the chinese market was of third-bigge
exchange, where we bring you today s market moving news from all around the world. joining us from brussels, bloomberg s maria tadeo, from london, ed evans, from the white house, kevin cirilli, and michael mckee joins me here in new york. first we want to start in brussels s maria tadeo. we are taking a look at euro area confidence falling to the weakest level since 2017. maria tadeo joins us for more. maria: that s right. the numbers were particularly bad when it comes to industry. trade uncertainty really weighing on prospects on the outlook. this is particularly bad for germany. this is a very export oriented economy. in europe, germany is coming under huge pressure to engage in fiscal stimulus to drop that black zero, no deficit policy. we are looking for any signs this is going to happen anytime soon. we are just not there yet. has got to be, brexit. we are just four weeks away from what is supposed to be a hard deadline for a no deal brexit. officials in brussels tell y