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Quarter of 1 . The backdrop to this is the Republican National convention that kicks off today. We are going to have more on that later on today. Ags investments will be joining us. I want to stick with the president and politics. We know the virus is related. Yesterday, President Trump making an announcement on a has to tracking of convalescent plasma treatment. Listen to what he said yesterday. Pres. Trump through this study, over 100,000 americans have already enrolled to receive this treatment. It is proven true tease to reduce mortality by 35 . Joining us is tobias levkovich. Thank you for joining us. How should the market price of vaccine and a treatment differently . I think the market is looking for both, in many respects. In other words, vaccines that are being discussed are more about protecting the person from getting the infection, but not transmitting the i ....
Region. In the u. S. , the senate has gone on vacation. It cannot get over this . It cannot francine get over this. Lets get to bloomberg first word news in new york city with ritika gupta. Ritika good morning, francine, lisa. President trump hasnt delivered the deal of the century he promised in the middle east. He can claim a foreignpolicy victory after israel and the United Arab Emirates agreed to normalizing relations. Even joe biden called it a historic step. With joe trump clashed biden over masks. The democratic president ial candidate said every governor should require masks for the next three months. He said that would save more than 40,000 lives. Bidenst trump rejected approach, saying, we want to have a certain freedom. That is what we are about. Vacationers will be unable to get back to work when they come back from their holidays. They must be quarantined for 14 days. China, the economy continued to bounce back ....
Permeate. It has largely been driven by the concern that we dont have a handle on the virus and we dont have a handle on a solution for this difficult situation we are now seeing involving washington. It doesnt seem to be at the moment a landing zone for the democrats and the republicans. They are significantly far apart. The fact that you heard such partisan briefing suggests we are no closer. Thender at some point markets will have to shift from focusing on the dollar to shifting to other Asset Classes as well. That has been something we have been watching very carefully over the last few days. We have been watching carefully what has been happening in europe. Offpean equities are sold because of the resurgence in the virus count. That doesnt make sense if you believe that we are going to see a story developing in the United States. We will try to get an assessment of what is ....
Counting the cost on al jazeera your look at the world of business and economics this week called the war to the United States punish china for tightening its grip on hong kong by breaking the territories peg to the dollar. Turkeys theater of war does the country on the verge of another currency shock have the money for conflict. And president putin hope to kick start the economy this year but how will he pay for his big plans amid low oil prices and the pandemic. Xi Jinping China has put aside the niceties of economic power for a more aggressive posture to neighbors and liberal democracies President Trumps america 1st policy triggered a trade war that morphed into a technological war but chinas security measures to rein in hong kong and Human Rights Violations< ....
Concerned about the move. Airbus against the biggest restructuring in its history. It will cut 15,000 jobs with the majority impacting the main bases of germany and france. 6 00 a. M. A manus in london, 7 00 a. M. In paris, and 9 00 a. M. In dubai. It is the three fs for friday, the fed, the fact she warning, and i thought i would throw in fedex because it is a nice triptych. I want to focus on the fed. Spirit toimbue a new the yield curve control narrative . Open interest in the bond market is the equivalent of 36 billion. The bond boys and girls are locked and loaded for yield curve control conundrum. Good morning. Nejra good morning. We are certainly seeing signs as you point to have that yield curve control trade alive and well in the bond markets. If we look at equities, i mean, best quarter for u. S. Equities since 1998, manus, and it is interesting because if we look ahead and think about where we go next, you can see the profit forecasts taking higher and some saying that will ....