Because the s p 500 is down a little bit more than it had been , down poured 4 . Earlier it had been down. 1 . Perhaps a reason for caution overall to think maybe the difficulties around the nearterm may continue to move ahead. If we look at havens on the week, we have the yen climate against the dollar and bonds higher. Some reason for caution, but small moves. David one piece of news overnight. Late yesterday we heard Steven Mnuchin had sent a letter to his friend jay powell saying please give us back the money we gave you for the emergency Lending Programs. He probably did not like jay powell do not like that much. Did the markets like that . Abigail we have not seen much of reaction. Bonds are lower which means yields are higher. What is interesting is we do have a reaction for the financials. The financials typically would climb on yields going higher, but they are not. There i be uncertainty around this bat and what it means. The lifeblood of this rally coming out of the march lo
Thousands of jobs, you would have covered that. Patrick mahomes and tom brady going ahead in the sunday super bowl. Who is going to get the ring . Hey, bucs you are going down. Born to be wild will. Brian playing host to super bowl lv. We dont have it two different cities. One city is playing home that is the Tampa Bay Bucs first time in history they did that not many people traveling during the pandemic. 25,000 people in the stadium. Millions will be watching at home. Maybe the highest ever. This game is the most seasoned scalable game in the history of the super bowl between brady and mahomes and it the electrifying way both these teams play offense. Its going to be fantastic. We know the weather is going to be good. Steve we do know the weather is going to be good. I have actually have something in common with Patrick Mahomes. Like Patrick Mahomes i need a hair cut. Im going to get one. Do you know why in the barber had covid as it turns out and they stopped doing that im wearing re
Signing of that phase one trade agreement later this week. Joining us is charlie from aerial investments charlie, welcome. Thank you for having my well, you have to go specifically s p 500, which is protectly where you want to be right now. Frankly its starting to get expensive for us they continue to run, but at some point growth will have had its day, and value still looks tractive growth does not look attractive to me at this point. Interesting to hear you say that mike san tollist pointed out that in many ways the market is right where it was in 2018 does it feel that way . Yes, different from 2019. Last year there was gloom, a lot of talk about trade wars right now theres not a lot of bad news i say unfortunately, because the best time to invest is when people are worried about things. Right now theres just not a lot to worry about in the meantime lets focus on the big were covering dave calhouns first day wilfred has a preview of the banks earnings, and mike santoli has the marke
The city has not seen widespread infection from the coronavirus. Still, she says more than 5300 people there are subject to mandatory quarantine. Hsbc revealed an employee in hong kong is one of them. The bank is urging workers who came in contact with a person to stay home for 14 days. House Speaker Nancy Pelosi is backing President Trumps assessment by the proposed by american ally doing business with huawei. Speaking at an International Conference in munich today, Speaker Pelosi warned european allies to steer clear of the chinese tech giant as they build their next Generation Cellular networks. She added, doing business with huawei could embolden chinese president xi jinping as he undermined democratic values, human rights, economic independence, and national security. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Live from bloomberg World Headquarters
Question. Start off with the administrator, everybody seems to be on the same page about the importance of cooperation. What do those words get transformed to the concrete actions like an extension of the iga, Bilateral Agreements or something firm and finding against the various agencies working together. I try to answered what you are staying. You are asking very general. All of these agencies over here, they are already activities going on in cooperation. Not only the International Space station but also other programs, agreements. If you asked concretely this is another question. For that we are looking our meeting already since now, two or three years at least. This is more important than that just the agreement. The agreement has to follow up i hope. Scenic thats right, it starts with those of us up here working together to come up with a concept that we think it would work. It ultimately ends with those taking it back to the Political Leadership of our countries are our organiza