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Morning, thevember imf is direct. There is real risk to any form of international recovery. They look at the pandemic data, they look at the gdp data, and they look at the lack of fiscal stimulus nation to nation. This time is different. These headlines are original before a g20 meeting, but we got to get right to this. This is a real wakeup call of the immediacy into december. Fromhan its an echo chairman powell and president lagarde over the last few days as well. I think market dispenser quick to untangle be shortterm from the longterm, to bear their hope in the sands of in the back end of 2021. I think what policymakers are suggesting is that the shortterm matters. It can shape what the longterm looks like area when you look at the balance of risks, they are tilted aggressively to the downside. Abramowicz, this headline, elevated asset values point to Financial Stability risk, and i am surprised that is a judgment by imf ....
Abramowicz and tom keene. The first full week for america. We welcome all of you to our simulcast, Bloomberg Radio and bloomberg television. It is merger monday. Across the headline from verizon, they will buy track phones from america mobile for 6. 25 billion. It is like an afterthought this morning when you look at the frenzy to get out there and by revenue. Announced 60 minutes ago, if you have access to these Capital Markets and many people do, they have the money to go do it. Immediate fixed income picture, William Gross will join us at the bottom of the hour. We will get an update from the retired one. I want to talk to him about the financial repression. Lisa, that is a backdrop to everything we talked about. Anybody with yield after inflation is losing. They are falling behind every day. Lisa it is cheaper to bo ....
A whole bunch of other smart people set lower for longer. That is the message this morning. Futures up 19 but to me, the story is the bond market. As you know, those huge negative and persistent real yields. A range of assets and securities, it is interesting to see dollaryen breakdown. Still, equities are firmer on the day, futures up by 6 10 of 1 . We do this going into a battle down in washington, d. C. As long as it is just about size, we will have an agreement. These negotiations are now about thats great, but that means there is a timeline and i dont believe we have the luxury of a timeline because in the state of ,he economy, the unemployment the economic dynamics dont give you a comfortable august. Dont. Incentive to say we not negotiating until you negotiate. Right now, looks like new market is not picking up on it. There are some real nuances, maybe start off gold. Treasury yields down a basis point. Weve broken out of that sticky range for 0. 58 . The lows very much insight ....
Southwest, at t, dow and Union Pacific this morning, jim, the hard thing today, jim, is going to know where to start. Yeah, i mean, look, i think last night the news flow was, as you said yesterday, heavily weighted toward microsoft which people regarded as disappointment i think that disappointment is not having the greatest quarter in the world, lets just say that today i think that the focus is whats going to happen when these benefits end and which companies are going to be able to continue to deliver the numbers. For instance, chipotle had a great number, will that be impacted whirlpool had a great number last night will that be impact snd what are we going to see with southwest air we had a fantastic interview with american and then secretary mnuchin i felt once again sounds like theres some room to get a deal done. We need a deal or else were going to find ourselves with a consumer who is too strapped and i think that thats ....