we'll get more when steven wieting joins us next. >>> welcome back.utures this morning are fractionally lower after another risk-on day yesterday. joining us is james wieting. earlier we had a pause from the post-trump rally. banks pulled back. risk-on yesterday. further to run? >> announcement effects, big qe programs, political shocks, they get priced fast. these are relatively efficient markets. relatively liquid. we don't think you'll see what you saw in the last week go on indefinitely. trees don't grow to the sky. i think a good amount of this we need to take a step back. this is not the same thing as taking the obama administration, adding tax cuts, there's a great deal of unpredictability for us on how this will go. it's a big issue. while we could be optimistic about parts of this, we have to be clear, there's a whole grab bag of possibilities out there for us and we have taken a step back to a more cautious stance around the rest of the world. >> are there sectors in particular that you feel more confident about and that there's less uncerta

david: thank you very much, steven wieting.ry special interview, a conversation with prince one lead, the founder and chairman of kingdom holding. let's get you up to speed on the market actions. futures are softer. equities are rolling over in europe as well. a stronger dollar story. 109 handle.ith a this is bloomberg. ♪ jonathan: from new york city, this is bloomberg daybreak . i'm jonathan ferro. futures are weaker, softer on the dow. we are awaiting some ppi data in the u.s. for the month of october. yields are up five basis points on the 10-year. we hadoach the 2016 high just a couple of days ago. the dollar strength story is fascinating, the strongest since 2003. monthnal demand month on coming in combating online, 0.0%. the median estimate was 0.3%. excluding energy, 0.2%. for more on the data, let's bring in steven wieting, still with us. the market check before the data ,rop, the stronger dollar story you wonder how it does shape these numbers in the months to come? >> core import prices are falling again and this will