head of ethics strategy at saxo, thank you for the insights this tuesday morning.y more coming up ahead. stay with us. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe, let's reflect on what's happened when china, surprise coming through with the extent of the cut on the prime rate which is a benchmark for mortgages largely. surprise of the one-year year loan prime rate is up. it underpins many shorter-term notes was not move lower, but you do get this record cut to the five year loan, 25 basis points. you can see the yellow line indicating that prime rate back below 4% to 3.95%. on concern there just isn't enough support coming through for the property market. this signals one concern about what's going on in that sector. number two may be that there will be more measures coming down. the other real issue is the demand to take up the loans, given the can's -- given the sentiment around the consumer in the housing market in china has been battered as of late. you saw that with the lunar new year holiday where you saw the record fall with transac

earlier i spoke to investment bank saxo and she told me investors want to see beijing implement long—termuctural reforms. it is not something that can offer that long—term comfort to chinese investors or those who are actually looking for the stocks to get dirt cheap and make an entry into that market. these are measures that we have obviously seen in the past as well in the last few weeks, and all they really do is to try to put a float but it is not something that investors are excited about, the chinese market. i think investors are really waking —— waiting for some kind of structural reform there is just a whole message that has been coming out of the bureau meeting and the lack of details on when we are really going to see that third plan meeting which actually focuses on the structural side of the economy. those are really factors that failed to really build up the confidence in a more sustainable way at this point. more sustainable way at this oint. �* _, ., . point. and given the economic headwinds _ point. and given the economic headwinds and _ point. and given the economic headw

earlier i spoke to charu chanana from investment bank saxo and she told me investors want to see beijingletment long—term structural reforms. it's not something that can offer that long term comfort to chinese investors, or those who are actually looking for the stocks to get dirt cheap and you know make an entry into that market.— you know make an entry into that market. , . ., , , that market. these are masters that market. these are masters that we have — that market. these are masters that we have obviously - that market. these are masters that we have obviously seen - that market. these are masters that we have obviously seen in l that we have obviously seen in the past as well, in the past few weeks, and all they really do is to try and put a float but this is not something that can do to get investors excited about the chinese market, i think investors are really waiting for some kind of a structural reform there, and just the whole message that has been coming out of the bureau meeting and the lack of details on when we are really going to see that third plan a meeting which actu

joining me now is charu chanana, head of fx strategy at saxo. first off, no rate cuts, a possibility or not? charu: from the lens that i see it, as of now, neel kashkari's comments are a bit of an outlier from what we heard from the other fed members. like you emphasized, if inflation runs high, that's the big if. we have seen inflation going higher for two months in a row. but what jay powell says for now is it is a bump in the disinflation path. while oil prices are, it is a little bit of a concern where inflation could go from here. my sense is that oil prices are a little bit of a less concern for the u.s. economy and they could obviously shift focus more towards core inflation to kind of ward off those risks. the real threat for the u.s. inflation is actually coming from the housing side. that's something that needs to be watched but i would not be concerned about not getting rate cuts this year as of now, because neel kashkari does not vote and he is a known uber hawk. haslinda: he has been wrong before. charu: the whole dot plot has been

haslinda: good to have you with us, charu chanana, fx strategy head at saxo markets. still, insight from an investment manager, and the imf. we will discuss the implications of a possible third term for prime minister modi later this hour. keep it here with us. ♪ haslinda: welcome back the ubs is an investment conflicts -- conference is underway this week. let's get back to the conference word bloomberg's david ingles is with our next guest. dave, take it away. david: certainly inflation has been a key feature which i think his treatment of our conversation for the last two years? three dates? losing count really, and here we are thinking, are we any better off than when the fed started hiking interest rates. barely a year instance since the last hike. joining us of course onset is former r.b.i. governor and current professor at the chicago booth school. talk about india in a moment, but on the topic of has the fed done enough, is it restrictive enough, where is your opinion in all this? >> good question. if you look hard, you can find signs of slowing. you can see fo

let's bring the global market strategist and head of fx saxo. thanks for joining us. there is plenty of bowls out there. -- bulls out there. this time a week ago but nobody was looking at china at all and now we have the likes of david tepper saying he's buying everything china related. do you share this enthusiasm? >> hi. thank you for having me, paul. i certainly see that shift in tone coming through in the chinese policymakers. and the -- with the undervaluation we have seen in the chinese market. i think that is obviously making it a very interesting story at this point of time. but, you know, when you come to think of it more deeply, the problem and china has not been about credit demand or the cost of credit. so, rate cuts can only go a small way to addressing those problems. the problem has really been about wealth destruction in the property sector and the equity markets. we have certainly seen some efforts on those asides but those are not things that can quickly turn around the story here. i am, like you said, i am sharing the enthusiasm around the tone from

>> our saxo. hone player, highly trained professional.ummer. >> there are a few real musicians who joined the remainder. a that's their secret and they're here now. >> we're a literary band, so we want to do a literary song. this is a song about a book we all know and love very much. it's just a famous book we all love, a lot. or at least we had to read it. ♪♪ ♪♪ ♪ moby dick ♪ ♪ moby ♪ ♪ want to tell you a story about a big whale, he got a big head and a great big tale ♪ ♪♪ mob yishgs dick ♪ ♪ that's not the thing that makes him such a sight ♪ ♪ his great big body is entirely white ♪ ♪ moby dickdick ♪ ♪ he's nasty and kind of mean ♪ ♪ look at that there he goes ♪ >> you're moving. ♪ moby dick ♪ [ laughter ] [ laughter ] ♪ one day moby he was swimming around ♪ ♪ a cap named ahab tried to take him down ♪ ♪ ahab messed up and fell off the ship ♪ ♪ and moby swallowed his leg like a pringle chip ♪ ♪ moby dick ♪ ♪ he's the baddest thing you've ever seen ♪ ♪ kind of nasty ♪ ♪ he beat that boat like a tambourine. >> there he blows! [ laughter ] ♪

charu chanana of saxo.ussing the indian market with vendors, how upcoming elections might impact sentiment. but first are exclusive interview with the ceo of seven and i holdings with plans to -- 711 stores in the u.s.. this is bloomberg. ♪ get help reaching your goals with j.p. morgan wealth plan, a digital money coach in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside - and the other goals along the way. wealth plan can help get you there. ♪ j.p. morgan wealth management. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh yvonne: shares of yu china surging afterm fourth-quarter comparable sales beat expectations. joey watts spoke to us about the consumer outlook amid the mainland's economic struggles. >> the biggest challenge for this year, not only for quarter four, but for t

extremely non-standard ensemble, i’ll tell you this, yeah , well, look, i was preparing, i looked, comrade saxothe musicians and to you. well, we are waiting for a new meeting.