The left column, a lot of those names in the green. Banking names as well. The rest of the region still seeing a lot of pressure. The split is tilted towards more downside. In terms of the sector groups as well, the similar to what we have seen. Youre getting a lot of upside in names like resources, banks, financials are seeing pressure overall. Down for a sixth straight session. 25 from the peak a couple of eci weeks ago. Yvonne back from the slopes. And back in hong kong. Steve, we have been talking about that pivot from President Trump. Painting a dire outlook on this outbreak in the u. S. Why . Wasell, i hope that he looking at the data and also seeing what other, even local news abilities are doing in the United States, cites and states aswell cities and well those in europe and they are taking this very seriously. And donald trump says it is bad. He repeated that. Its bad, its bad. He said this could last until august or even later. Hes calling it an invisible lining. Yo enemy. Y
Still attractive but not breaking out. We are going to test 1 . A lot of things have to go incredibly wrong to get down to 1 . 1. 2 on the 10 year, we have to be looking at a global recession. I dont see a resolution on the trade front. I think that continues to weigh on the u. S. Economy. Not a resolution but some progress. The fed will have to come back and ease again. The fed is going nowhere. There has been a tremendous shift easier across the central Bank Landscape in 2019. How can that happen in 2020 . 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. I want to start with you, marilyn. 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 with the details are on the phase one trade deal, how much they will
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
Illian. Has joke at the end it reminded me of churchhill as well. Do you expect Boris Johnson to try to emulate his idol . Will he try to boil down the middle now that he has such a big church and keep all of these voters with the conservatives for longer . Christopher well, i thought that was a most interesting part of his speech. In my opinion, perhaps the most effective was his candid and disarming, even charming admission that a lot of the voters who put him back into power with a large majority have him on probation. A very nice parallel with his election as the mayor of london when a lot of traditional labour voters supported him and they have now supported a conservative party. That, i think is notice also in the rhetoric, one nation conservatives. He remindednation, himself that that is the formula. What does that remind you of . , not labour,labour but new labour. That was the slogan of tony blair. Clearly looking to put a very personal stamp, which arguably could be churchhil
Bond yields moving sideways. We need them to be cheaper. We are going to test 1 . A lot of things have to go incredibly wrong to get down to 1 . 1. 2 on the 10 year, we have to be looking at a global recession. I think that continues to weigh on the u. S. Economy. The fed will have to come back and ease again. The fed is going nowhere. There has been a tremendous shift easier across the landscape in 2019. How can that happen in 2020 . It probably couldnt. Lisa everyone ganging up on bob michele. Joining me around the table is Marilyn Watson of blackrock, matt orbach of Morgan Stanley and Subadra Rajappa of societe generale. I want to start with you, maryland. That we have some condors of a trade deal, that we will see tenured treasury yields lead her into next year . Thelyn we have to see with 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 th