Check, the fed is announcing some coordinated central bank swap line enhancements. We saw them a couple of days ago increase it for a variety of Central Banks. Now those swap lines will have further detail and enhanced swap lines. Absolutely. This is missioncritical right now, figuring out how we get dollars to everybody that needs them is the most important thing, it seems, at the moment, when it comes to financial markets. That is going to certainly help. My question today, does a weaker dollar indicate that the funding stress and design for dollars is beginning to ease off a little bit . We will get an announcement from the chancellery of the exchequer on further measures to help out the u. K. Economy. Similar move when it comes to the 10 year. In terms of stocks, we are seeing a bid finally returning to stocks, and finally enough, i think it is worth paying attention to the fact that we are getting some of the cyclicals in particular catching a bid today. You can see the travel and
In 2007 and 2008. There are significant signs up. Ting to show european stocks pushing down towards session lows, 2. 1 . Seem to be a lack of belief, the policymakers at this the rightputting tools to work. Whether that changes today or tomorrow. Well wait and see. Is building. Alix steve, well get to the in a second. T uninvestable . Its hard to if you thinking about trading them for the next three weeks, thats probably not a good idea. Are very volt volatile now. Easily go lower. What were right to remind get 30 when you downdrafts in markets, which is where we are now, it never been sell. Ime to its been good if youre brave. The liquidityave to do that and you dont have the temperament to handle possibly another decline on threeyear view, its going to be a very good place to be. Its just not a good time to my best advice for people now is hold on. Were in a rocky time here. When the vix index get this this really once back in 2008 and 2009. Rampant, the thing is government has the a
On every 19th. On february 19. Take a look at the banking sector, take a look at the mining sector, take a look at what is happening with the oil sector. These sectors are down by circa 30 since those highs were hit. Brent crude bouncing back today, up by nearly 8 , after saudi makes it very clear they intend to pump a lot of oil during the month of april. This Oil Price War is not going to go away in a hurry. The german 10 year yield, we are selling off today. We are 10 basis points higher. In italy, 12 basis points lower. The spread tightening up a little bit, but nevertheless, italy has been on offer for the last couple of days. Maybe some fiscal action helping the story out a little bit. Nevertheless, we have a big call between eu leaders. We will have to wait and see. Vonnie we will get all of that later today, but for todays market action, what we are looking at right now, we are joined by nancy davis, Quadratic Capital Management cio. Also joining us, our market live editor this
That have so far orchestrated strikes, hitting many sectors and wreaking havoc on transferred systems of large cities. In puerto rico, unusual seismic activity and strong aftershocks are delaying Recovery Efforts following a massive 6. 4 earthquake. Hundreds of thousands of people are still without power and water. Thousands are staying in shelters or sleeping on sidewalks. Quake killed one person, injured nine others. The latest aftershock hit overnight, measuring 4. 36 magnitude. I am Mark Crumpton. This is bloomberg. Live from bloomberg world headquarters, i am vonnie quinn. Amanda i am amanda lange. Here are the top stories we are following around the world. Administration imposes new sanctions on iran targeting steel aluminum, copper and iron. We will have the latest. The u. S. Jobs market into 2019 on a sour note. Missing expectations. An airplane designed by clowns. Internal messages from boeing show employees discomfort with the 737 max. One says it was designed by clowns and s
130. 49. Mark carney may be pointing to a greater risk than the market had anticipated of cuts coming through the bank of england. Oil trading lower, brent down by. 8 . Vonnie we begin with our first guest, byron wien. It is his yearly visit to bloomberg tv and we are very happy to have him. Obviously, you are known for your list. We will get to some of those, but lets begin with china because one of the things that you said last year was that if we get a deal in the first quarter, and that is only happening in the fourth quarter, and it is only a phase one deal. We know that is getting science next week signed next week. What happens . On i think we will have trouble getting a phase 2 deal. To stealy promise not intellectual property. I think a broader deal is unlikely this year, but we will have the phase 1 deal. Remember, it is a transactional deal. Pork,l them soybeans and and we agree, they buy that and we agree not to raise the tariffs that were scheduled for december 15. That is