of banks could not show up or would not lend. in 1958 we issued the first ever credit card, bank of america card. we have continued to grow by providing financial services to families and businesses of all sizes. around the country bank of america is doing a great job providing capital small businesses. we had $8.6 billion in loans. we are the number one small business lender in the country. $36.3 billion of originating loans. we are one of the top sba. $275 million of 504 and 7a loans. what i am most proud of is the investment we make in our communities. we are the largest investor in the community development financial institutions in the country. we have invested over $1.5 billion to over 260 cities across all 50 states. it is a huge investment, and we have committed another $50 million to thetory burch foundation program. 180 women business owners in 16 states received loans. i am proud that bank of america does support small businesses locally and around the country, but here in california i am pleased to share that we have funded over $475 million in small business lending. we have 111 finan

and i'm talking about bank of america. here today on behalf of bank of america is liz minute, who for the last 15 years has been an integral part of their leadership team. we'd like to invite her and acknowledge our gratitude to bank of america for their support of this project. [applause] >> thank you so much. and good afternoon, everyone. what an amazing way to end a week in this beautiful, beautiful day here in the mission. as was just said, bank of america has a long history in san francisco since our founding here in 1904 to getting people back in hair homes after the -- their homes after the earthquake, to building and financing both of our large bridges here. and with reference to our $2.2 billion commitment to the san francisco rental assistant development as well. we're so very, very thrilled and honored to have the partnership that we do with the tndc and meta and to be able to provide over $92 million in financing commitments for what is going to be this amazing property and the ground-breaking that we're here fo

thank you to our friends at the bank of america for making this conversation possible. our next guest is one of the america's best grassroots activist, with women's rights and economic justice. she was president of the planned parenthood of america, and deputy chief of staff to someone called housedemic leader nancy pelosi. and author of "makes trouble." a professional troublemakers guide for young activists. she is down from new york, she is cecile richards. >> cecile: thank you for having me. >> mike: so as a new yorker what hits you when you come to the swamp. >> cecile: i'm not a new yorker, i'm a texan. but it's good to get out of washington. i lived here for years. i worked for ms. pelosi, i have enormous admiration for people who can stick it out here good times and bad. >> mike: so you went to new york to connect with america? >> cecile: i be that's funny. i moved there to pick the job at planned parenthood. and to put my kids in the public school system i'm a big believer with the public school system. >> mike: have you been satisfied with that. >> cecile: and m

both bank of america and citigroup have a similar target. america has downgraded their 10 year forecast and citigroup says the 10 year yield could rise to 2.6%. from citigroup it is a bearish call area they say take profits on the double bottom and the diverting relative strength index. bank of america talk about -- they downgraded yields globally. what is your outlook given what you have said about the possibility of a cut before the end of 2019? david: our base cases we get some sort of deal. this is not a lasting peace but it could be an extended truce and that could be a meaningfully more improved picture than we see at the moment. the deal will start to pick up. it will edge little higher. edging toward to 70 by the end of the year. there is a lot of stimulus in china that would otherwise come to play. tot should give some lift the economy. you come back to the thing, we have a juncture coming up. if we see extended trade wars and go into a cut environment, that is what markets priced in four. you would not get treasury yields lower than

thank you to our friend friende bank of america for making this conversation possible. our next guest is one of america's best-known grassroots activists with a passion for women's rights and economic justice. she was president of the planned parenthood federation of america. she was deputy chief of staff to someone called house democratic leader nancy pelosi. she is author of make trouble with the "new york times" called a professional troublemakers guide for young activist. she sound of a a new women's advocacy organization super majority. she's down from new york. she is cecile richards. cecile richards, welcome back. >> thanks for having me. [applause] >> as a new yorker what always seek to when you come down to the swap? >> i'm not a a new yorker. i'm a texan. but -- right, hook 'em horns. it's good to get out of washington. i lived here for years. obviously worked for ms. pelosi. that was fabulous. i've enormous admiration for people can stick it out in good times and bad. >> you went to new york to connect with america? >> thank you, exactly. i know that's funny.

it's a church our economy there's two tutor for the world that unless i just in america if i go into a big bank bank of america citibank wells fargo bank and i say i want to borrow hundred thousand dollars and i want you to charge me is zero percent interest rate on that and then i want the cause of that hundred thousand dollars that your bank and i want you to pay me five percent and i want to therefore. get a tax free ok can i do that now but it back to do that. welcome back stock markets around the world stuff to washington increase levies worth two hundred billion dollars on chinese goods the announcement came during trade negotiations between the two countries almost trump also stating that the u.s. is preparing to hit all chinese imports with twenty five percent. terrorists will make our country much stronger not weaker just sit back and watch in the meantime china should not renegotiate deals with the us at the last minute this is not the obama administration or the administration of sleepy geo who let china get away with murder. so you see it will retaliate rejected us like you say. in the trad

and i'm talking about bank of america. f bank of america is liz minute, who for the last 15 years has been an integral part of their leadership team. we'd like to invite her and acknowledge our gratitude to bank of america for their support of this project. [applause]

we thank bank of america for making these conversations possible. r next guest is the number two house republican leader, the house republican whip, representative of louisiana one, running from lake pontchartrain to the suburbs of new orleans, taking in some wetlands and bayous. he was a software engineer and a tech executive. our next guest was critically wounded in an ambush on an alexandria baseball field not far from here as he practiced with colleagues. made a heroic return to congress three months later. he has a book, "back in the game" and he is congressman steve scalise. congressman, welcome to axios. thank you so much for joining us. [applause] mr. scalise: how are you? good morning. mike: so axios is everywhere and i have sources that say that you still go to congressional baseball practice. mr. scalise: i was there this morning. roger williams is our coach. we start at 6:00 in the morning. i'm not a morning person. but i get out there every day. it's a lot of fun to get out and move around. i'm little more mobile than last year. so we're

emily: bank of america senior analyst.g up, more jobs at been created since the recession ended in 2009, but there is still a massive talent gap in tech. how one company is finding and trading on challenges. next on bloomberg. ♪ emily: the unemployment rate fell to its lowest level in half a century this month, and yet, an untold number of tech jobs remain unfilled. in our work shifting series, we are focusing on one company that is not just working to fill as it goes. jacob, thank you for being here. instead of complaining about the pipeline, your company is trying to expand the pipelines and create its own. talk about how what you are doing works. >> thank you. we are solving the problem of the skills gap in the labor economy by filling the gap for software developers. we are doing this by using ai to find individuals who had the unique cognitive ability to have success in software development. we put them to the quick want of a full computer science degree in 20 weeks, then put them to work for our clients. what is uniq

y no, but by the same extent it is sort of getting numb to it overall. >> great to have bank of america on our desk and i would just say the pushback that i would have is that first of all, mega-cap tech are the place where people have growth. the epicenter of the storm is technology and think of the american companies that say china is not their friend right now and they're running into it and think about what intel told us twice and think about what texan told us. in the environment where this would feel different and plus regulatory overhang and as much as i love google and facebook and apple, these companies may have a slightly different cycle to ride through right now than they have at other times when we questioned global macro. that's just a thought. >> coming up, pot stocks on the move that stock is higher by 5% we are awaiting earnings from aurora which we are expecting any moment the bank behind some of the largest cannabis deals in the space. he'll explain why his company is banking on bud plus, more than 50% of s&p 500 stocks still in correction or worse for one top technici

tom: we are thrilled bank of america let david woo be here today, this historic day. a chinese response will be. coming up, this guy is really interesting, twisted. ands with alliancebernstein is more than opinionated. he will be in the 1:00 p.m. our on "real yield." jon ferro scheduled to attend. this is bloomberg. ♪ ♪ this is bloomberg "surveillance." surprised investors with a better than expected sales forecast. they estimate sales will rise as much as 2% this year, up from previous guidance. for cut prices on cameras wider appeal to fend off rivals. -- u.s. buying more oil 13 millionent india barrels of crude in march. india is the second largest buyer of u.s. oil. --many's teasing group thyssenkrupp well abandon plans to spit -- split in two. shares are trading at their lowest levels since 2003. that is the bloomberg business flash. tom: we are getting ready for uneventful friday reading into the weekend, and we are thrilled to bring you david woo of bank of america merrill lynch. right now, i want to talk about my number one x axis thing, the chronic nature of

we will speak to bank of america merrill lynch's head of commodities research.is bloomberg. ♪ alix: this is "bloomberg daybreak." welcome to the risk off monday. tweets from president trump are rocking global markets. we are off the lows of the session. dow futures now up by 1.8% -- now off by 1.8%. the dax getting hit the hardest, but again, off the lows of the session. we were down over 2%. european autos getting hit as well. and other asset classes, you can pretty much expect what we are seeing. euro-dollar now flat. you did see a stronger dollar. now the dollar coming up. money still coming into the long end of the bond market. there might be some pent-up safe haven demand. we are at 18. crazy. not crude off by one full percentage point. the commodity market getting hit .cross the board joining us now, francisco blanch, bank of america merrill lynch head of commodities research. good to see you. we are going to talk about trade. what is your take away when it comes to commodities? francisco: you guys were talking about this in the last segment. clearly when

of course there are fears on global and u.s. growth, which banks are linked to. and more importantly that fear has pushed yields lower and flatter and that affects the bulk of what is bank of americau.s. banks business, u.s., consumer, and commercial banking. overall, the banks basically in line with the market year to date both sort of up double digit just about mike, that's the key with these in terms of the -- the valuation does stick it in the milled as opposed to linkedin, the bottom when it comes to trade-related issues >> exactly started out cheap and unlocved and remained that way but you're right captive to the story whether it should be or not. >> s&p 500 officially back in bear market territory. that means 20% off the highs crude oil falling more than 10% in the last month. tunning in its worst day of the yield today. >> jeff currie goldman sachs head of commodities research joins us now to discuss. big move today were you surprised by the size? >> the trade war had a big factor to play but i think you had positioning in the market as well as supplies we'll start with the trade war we estimate if you get a full-blown trade war which even our economists are pushing towar

and bank of america citi bank was fargo bank and i say i want to borrow hundred thousand dollars and i why it's our three zero percent interest rate on that and then i want the cause of that hundred thousand dollars that your bank and i want you to pay me five percent and i want to therefore collect all that. i get attacks for can i do that now but it back i do that. this is this is a stick up from the water bottle phone in the stomach of the fish the brand is part of the coca-cola company which sells millions of bottles of soda every day the idea was that let's tell consumers there are the bad ones there the litterbugs are throwing this away industry should be blamed for all this waste the company has long promised to reuse the plastic. there plastic. special projects funding me. on the new vest that is the end of it for the teeth of fun no mountains of waste only grow. i . know. you're. human rights activists attempt to block france's later this arms shipment just saudi arabia those concerns grow the realities using the weapons against yemeni civil unions. why

up next, bank of america merrill lynch will join us. shery: later, discussing the outlook for china's tech giants. live from shanghai. this is bloomberg. ♪ paul: this is "bloomberg daybreak: asia." i am paul allen in sydney. shery: i am shery ahn in new york. president trump is calling on the federal reserve to help win the trade war with china. he says victory would be inevitable if the u.s. matched stimulus moves in beijing. bank of america merrill lynch says the next steps are not simply a game of chicken involving the president and xi jinping. it is a match between markets and the fed chairman. merill lynch head of global interest rates and economics research david woo joins us now. great to have you with us from hong kong. what do you make of the president's tweet? is it just another way to hit at the fed, ask for help, and does it mean anything? will it active trade tensions get worse? -- will it act if trade tensions get worse? david: i do think trump is in a stronger position now than he was in september when the fed was hiking

something can stay cheap for a very long time that's called a value trap actually bank of america i think has a better game plan in terms of cost-cutting and operating leverage and responsible growth. and it's trading at a very attractive valuation too >> citi is the global bank, is it not that's the one with the international exposure and that's where the problems are right now in the economics and markets universe >> it's always trading at a relative discount to the jpmorgans and bank of americas it's a question of whether that's pro longsdlonged -- mike quickly, if we were to see a rate cut that help the secret or hurt it? it would steepen the curve but mean lower short-term rates. how do you expect the bank to react? >> lower interest rates allows people to pay their bills. that's the biggest risk for banks. as long as credit call the's good which it is that's the biggest factor you certainly would have a mixed impact on the net interest margin but you're missing the market's missing a 25-year structure'll breakout for the benefit of scale. bankamerica, citigroup, jpmorgan, you should

mohan, bank of america electronic manufacturing services analyst, thank you so much. i: thank you very much. scarlet: coming up, more of our exclusive interview with morgan stanley ceo james gorman. what he says trade war tensions make sense. this is bloomberg. ♪ lisa: quick check of the latest "business flash" headlines. aoomberg has learned that proposal already has attracted interest from comcast and charter communications. government officials have met with comcast and charter over their potential role as the fourth wireless operator. call icone investor is suing occidental petroleum in the wake of the decision to buy anadarko. stake.as a $1.4 billion his goal is to get a sale of the company. he says the anadarko deal is hugely overpriced. hisowner of la croix lower today after a cunning of the price target. sales are effectively in freefall. it faces stiff competition in the sparkling water category. rivals, coca-cola and nestlÉ. that is your "business flash" update. there was a story getting a lot of buzz about the snap program and the food eligibility, and basic

of digital assistants. if you have alexa for the home, we are talking about digital assistants in banking and finance. bank of americaliance bernstein, they all have these bots and many of them are skewing female. these helpful trustworthy female assistants. it is maybe perpetuating what critics call negative gender stereotypes about women in finance. vonnie: has anyone brought this up to them? what are the answers? >> when they test these product within the market customers and focus groups will say we prefer the female voice and the digital assistant it sounds more trustworthy warm and helpful. they have to that use what test well with customers. erika, a play on bank of america. aaaaaab is a play on alliance bernstein. there is some branding. -- vonnie: in the old systems didn't you get to choose? you could have a male voice or female voice? why don't they go that direction? >> that is a question that is hitting the industry first in the tech industry. we have this debate going on about whether artificial intelligence really codes in our biases. one way to combat those biases is to create other types of voices so

it's a 2 chair economy there's 2 tutor for worlds that list the i just in america so if i go into a big bank at bank of america citi bank was fargo bank and i say i want to borrow $100000.00 and i want you to charge me as your percent interest rate on that and then i want to posit that $100000.00 that your back and i want you to pay me 5 percent and i want to therefore collect all that income i get a tax free ok can i do that now but a back can do that. when i almost chose seemed wrong when old rules just don't hold. any new world yet to shape our disdain to become agitated and in gains from an equals betrayal. when so many find themselves worlds apart we choose to look for common ground. we have a situation that is very new and that's why. it's like i feel like before the war were 2 people who were dying but in the morning and there was no end of the school board you know the 2 so the boy it was through to the right of the world through and. through the as a medic and it's with widespread simplicity that is pushed through people today. in many diseases because of this would you coolly broke up with. w

we are looking at bank of america, merrill lynch. take a look at oil, or the dollar, let's take a look at oil. oil was lower ahead of that turndown. here is your chart of the oil. >> we had a very nice downturn in oil prices. the bottom ofrked the head and shoulders base pattern. this was completed here in january, which allowed us to project for rallying oil prices. midbreakout .2 about the 60's. the oil prices have reached about $65 a barrel or so. we think that is the potential area where that begins to develop. last week's price action is very interesting. pressure on suppliers to ramp up, et cetera. this forced price action to eight new 10 day low. it is about a 13 day low. the top begins to form in the oil market and if this trendline breaks, oil markets -- oil prices could be at risk for a greater decline. thinkl: a lot of people the trendline is to show a trend. if we do see a reversal, where do you think we could see oil go in the near to medium term? >> price action comes down below this level, we would do a retracement from

of power. etc cherry conway there is to cater for the worlds that exist in america if i go into a big bank bank of america citibank wells fargo bank and i say i want to borrow $100000.00 and i want you to charge 30 percent interest rate on that and then i want the posit that on a $1000.00 that your bank and why you did pay me 5 percent and i want to therefore collect all that. get a tax free ok can i do that now but it back can do that. this is is a stick for the water bottle found in the stomach of the fish the brand is spawns of the coca-cola company which sells millions of bottles of soda every day the idea was that let's tell consumers they're in the bad was there the litter box they're throwing this away industry should be blamed for all this waste the company has long promised to reuse the plastic. in maine. coast. on my end only staying at special projects funding me. on i'm your best bet is the end of a footy team but for now the mountains of moist only grow higher. so what we've got to do is identify the threats that we have it's crazy. let it be an arms race off and spearing dramatic

us, sarah.till with surveyme bank of america found that there are trades in short european stocks ending long in the u.s. dollar. there should be some resolution to the trade war. is this what you see out there? review europe as a subset. not only because of some of the trade issues and the relationship to china but because you can't get it act together when it comes to rejuvenating its growth rate. you are very challenging. we are avoiding this right now. there are some sectors of the market that people can really focus on. own leversith their to pull, we are not surprised to see biotech performing well. staples companies, some of them have strong organic growth. there are areas that you can invest some of the growth right now. >> i know that saira and romaine are trying to impress us right now. i'm not crazy about this. i want to go back to what he said about the strategists. how can anyone feel that confident about the necessity to get a deal after we have been watching the brexit train wreck laying out for almost three years now? how can you look at these things as do or die and feel

suspect that danske bank was laundering large amounts of russian money through its estonian branch, and it broke off its banking relationship in 2013. deutsche bank u.s.a. and bank of america carried on into 2015. the banks aren't talking to us, but i would assume that they'll say, "look, it's-- it's danske bank's job to know who its customers are. our customer is danske bank. we have no reason to know all this money is flowing in to estonia from, from russia and..." >> kohn: sure. of course, they-- ( laughs ) let's just put it this way. you have to have due diligence. and you have this little bank out there in estonia pumping in billions of dollars to you. do you think you should ask? but the proof of the pudding is that j.p. morgan figured it out. were they geniuses? and who did they tell? and why didn't they expose the full scheme to the united states? why was it up to one guy in a bank in estonia to figure it out and turn it in, risking everything? why is it always up to the whistle-blower? >> kroft: what's the answer to that question? >> kohn: the banks have to do their job. and the only way they will be held fully accountable is when the united states and other gover

showing the willingness to get closer to that record high, and indeed, some of the analysis that bank of americaast week's increase in corporate activity and buying back thrown chairs was unusually high, that is one of the elements of the thesis inequities right now, which speaks to corporate companies coming back in, seeing their shares offering enough value for buybacks to push the equity market a little bit higher, so that is certainly one pillar still for that case for equities. shery: we saw bank of america cutting their forecast on treasury yields. what exactly did they say? adam: no surprises here for guessing. it is the trade war essentially. they were quite high. they had it around 3% ten-year treasury yield expectation by the end of this year and they had to bring that down to 2.6%, which is the red arrow on your chart in your gtv library, and that is still a little bit below consensus. the white my looking at 2.72% or so on the 10 year treasury. significantly higher than where we are today as the continued expectation for a patient fed and continued turmoil in trade keeps a lid on yie

it's a chair economy there is to cater for worlds that unless that exist in america sound if i go into a big bank and bank of america citibank wells fargo bank and i say i want to borrow 100 $1000.00 and i want you to charge me is 0 percent interest rate on that and then i want the cause of that $100000.00 that your bank and i want you to pay me 5 percent on and i want to therefore collect all that income i get a tax free ok can i do that now but it back can do that. this is a put it a sort of. swallow fist 1st but if. somebody would need it it was and i go to the. moon is its ability. to get enough of him you know that all you want to go to the banana state is that. enough well that was pretty good way to listen to. what you say to him which could be oh i would only be done when i come. here do you mean you're learning. you know did you know still on the lead here on my look down the road subash i did in the courage your country scenario going to be . you know world of big movies lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we

joining us now with market insight on today's development, the global head of strategy at bank of america and merrill lynch. is this a risk of trade? trades hadng lower and lower into the weekend? how much more can the market take when it comes to uncertainty? >> clearly, we have reached the limits already. wehink the big challenge is have had to completely revisit our baseline for where we are headed on trade. i think most people are working assumptions. certainly, the market has been working assumptions for some time that we would get a u.s.-china trade deal. yes, it may not last all that long, but at least we would have been able to move on to other things and focus on other things, whereas this point, the storm is piling up on the horizon, and we are looking at outcomes that go from bad to rhetoric with of retaliatory sanctions from both sides. that clearly has not been in line with them doing anything other than what they are doing at the moment, which is repricing central banks to be more active than they already planned to be. the cases it still that the united states is a safe pla

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church air con i'm a there is to cater for the worlds that unless that exist in america sal if i go into a big bank that bank of america citibank was fargo bank and i say i want to borrow hundred thousand dollars and i why it's our three zero percent interest rate on that and then i want the cause of that hundred thousand dollars that your bank and allied pay me five percent on and i want to therefore collect all that they can get a tax free and i do that now that but it back to do that. in twenty forty you know bloody revolution to correct the demonstrations going from being relatively peaceful political protests to be increasingly violent revolution is always spontaneous or is it just the lawyer i mean your list put video through in the new bill is that i would split needle the former ukrainian president recalls the events of twenty fourteen. of those who took part in this today over five billion dollars to assist ukraine in these and other goals that will ensure a secure and prosperous and democratic. in the one nine hundred fifty s. is a much poorer. day when the us could easily be centrally free. higher ed

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first, bank of america. struggles with the big banks over the years but bank of america has done a great job cleaning up their balance sheet. they made it through all the fines, issues with the acquisitions they made over the last couple years, throughout the financial crisis. now they're returning capital to shareholders. they have reduced head count, they have reduced branch count. they are lean, mean, ready for responsible growth as moynihan likes to say. liz: you have news on home depot. i guess the last hour 1/2 rbc cut its price target. that doesn't concern me so much. the stock annual high, 215. right now at 191. where do you see if the housing market going? we got april existing home sales, the second straight month where we saw a downward move not for bad reasons, just tight inventory? >> yeah i think home depot is going higher just because it has a unique structure it's a duopoly. there are two companies, one competitor in loews. there is a lot of pro trucks out sidelined up to pick up supplies wit

bank of america's latest call, coming up next. g. ♪ alix: the you best 10 year yield is at the lowest level since october 2017. bank of america saying the yield could fall as low as 2.5%. the chief technical strategists for fists markets -- for fixed markets writes, "inflation targeting has proved very difficult, and a myriad of risks remain. momentum in this market is in the favor of the bulls." the chief strategist who made the call joins us now. walk us through the potential to get to 2.5%. guest: the bond market is in a bull market, essentially avenging the calls for the dead bond last year. what we are seeing happen now is simply a retracement to the to 2.25%.m from 1.3% . we are at the middle of this entire range. the question becomes how much lower can yields really go. when you use technical analysis, you look at the major turning points in the prior trend, the all-time low to the recent peak in yields. if we did a retracement, that would show where we are. but that is a huge level in all technical charts. that level is 2.0

. >> savita, thank you >> bank of america, merrill lynch. >> i love everything she said. the most interesting of the many things was the fact that i agree. a fed rate cut and i hate using the word would be deleterious because i thought -- you know it's haiku to the market >> think if the fed were to raise rates and maybe the knee-jerk and maybe we're on more stable ground than we thought, and i think that would be bullish for the market. >> i just think the chinese have been interesting in the last 24 hours if not having a gun to their head and something some sense that maybe they're willing to make some concessions because i think any deal that they do, barring something that we clearly have not heard about is a great deal for china they are not going to let up on one belt, one road made in china twee2025 and i thk they're getting what they want. >> is the russell a short? >> well, obviously she thinks so i'm not so positive about that i understand -- it is intertwined. >> i was referencing it, but i do think it's interesting it's an interesting concept because it always

exist in america so if i go into a big bank bank of america citi bank wells fargo bank and i say i want to borrow $100000.00 and i want you to charge me is there a percentage restraint on that and then i want the cause of that $100000.00 that your bank and i want you to pay me 5 percent and i want to therefore. get a tax free ok can i do that now but it back to do that. ok let's start with a story generating a lot of common tree the last few weeks facebook's mark zuckerberg has said he would welcome more support from governments in policing content on the platform the comment came following a meeting with the french president at the polish on friday. we both believe government should take a more active role in important issues like balance of expression and safety privacy and day support to be able to see and prevent an election interference reflect on their own traditions of free speech the meeting between the perak came just hours after the release of a report commissioned by a money will mark ron who has been strident in his criticism of the tech giant it calls on facebook to provide

it's a two chair conway there's two tutor for worlds that list that i just in america sell if i go into a big bank bank of america citi bank wells fargo bank and i say i want to borrow hundred thousand dollars and i want you to charge me as your percent interest rate on that and then i want to posit that hundred thousand dollars at your bank and i want you to pay me five percent and i want to therefore collect all the things i get a tax free ok can i do that now but it back to do that. is up to the c.e.o. and his attorney. koch or anyone who knows a little bit. you know it. was a mutual they give it to you they go to those who know people you see post notes with me to see what's good. that's the time to get. if you have to. finish if you know that you give. after the previous stage of my career was over everyone wondered what i was going to do next that the ball different clubs on one hand it is logical to stay in the home field where everything is familiar on the other i wanted a new challenge and a fresh perspective i'm used to surprising people and i saw one alter if. i'm going to talk about football n

it's a two tier economy there's to cater for the worlds that the just in america south if i go into a big bank bank of america citi bank wells fargo bank and i say i want to borrow hundred thousand dollars and i want you to charge me is there a percent interest rate on that and then i want to posit that hundred thousand dollars that your bank and i want you to pay me five percent and i want to therefore collect all that income and get a tax free ok can i do that now but a back can do that. most people think just stand out in this business you need to be the first one on top of the story or the person with the loudest voice of the biggest raid in truth to stand down the news business you just need as the right questions and demand the right answer. questions. this is a sticker from the water bottle thrown in the stomach of the fish the brand is part of the coca-cola company which sells millions of bottles of soda every day the idea was that let's tell consumers there are the bad was there the litter bugs are throwing us away industry should be blamed for all of this waste become pany has long promised

that bank of america citi bank wells fargo bank and i say. i want to borrow $100000.00 and i want you to charge me is there a percentage restraint on that and then i want the cause of that $100000.00 that your bank and i want you to pay me 5 percent and i want to therefore. get a tax free ok can i do that now but it back to do that. again facebook's mark zuckerberg has voiced support for increased government involvement now in policing content appearing on his platform he made the comment following a meeting with the french president emanuel mccrone in paris. we both believe government should take a more active role around important issues like balance of expression and safety privacy and day support to be able to see and prevents an election interference reflect on their own traditions of free speech the meeting coincided with the release of a report commissioned by the french president calls on the tech giant to provide more information about the workings of the social media sites and to hate speech algorithms the document was authored by a

just in america if i go into a big bank that bank of america citi bank wells fargo bank and i say i want to borrow hundred thousand dollars and i want you to charge me is zero percent interest rate on that and then i want to posit that hundred thousand dollars that your bank and i want you to pay me five percent and i want to therefore collect all that they. get a tax free can i do that. but a bank can do that. you've won the champions league twice what you do as a manager to make sure. that following that. first of all you have to be right. and the player is the most know they must feel they must smile that you are ready that's the most important thing a final. is a state of mind. if i was a state of mind not my words i don't even know which men are told that and then many years ago but some league managers are told that finals are not to play finals are two when you have to play a final. feeling that you know you are going to win and you are going to be prepared for everything nothing can surprise you. the right bag you need to know everything about every player that can play left or y

it's a 2 tier economy there's 2 tutor for the world that exist in america so if i go into a big bank that bank of america citibank fargo bank and i say i want to borrow 100000 dollars and i want you to charge me 0 percent interest rate on that and then i want to posit that $100000.00 at your bank and i want you to pay me 5 percent and i want to therefore. get a tax free ok can i do that now but it back i do that. welcome back to the program the u.s. president has ordered his trade chief to levy punitive tariffs on all remaining imports from china on top of friday's dramatic tax hike on iran $200000000000.00 worth of goods from america's top trading partner latest penalties come despite claims that washington and beijing positive talks this week and it's settling their differences over the course of the past 2 days the united states and china have held candid and constructive conversations on the status of the trade relationship between both countries both sides intend to push ahead with the negotiations beijing has said the latest u.s. move will be met with countermeasures china's also rejected a

it's a church air con i mean there's 2 tutor for worlds that list just in america south if i go into a big bank bank of america citi bank wells fargo bank and i say i want to borrow $100000.00 and i want you to charge me is 0 percent interest rate on that and then i want to posit that $100000.00 at your bank and i want you to pay me 5 percent and i want to therefore collect all having. to get a tax free ok can i do that now but a bank to do that. we have a situation that is very new and that's why. it's like a religious war there were 2 people who were in the morning and there was no go to school were going to live. so that the boy it was stupid right out to. see it. as a medical in the widespread complicity with these would. be the many diseases because their views would do. the. same wrong. just don't hold. me lol. to shape out this day comes to educate and gain from it because betrayal. when so many find themselves worlds apart we choose to look for common ground. during the great depression which are old enough to remember there was most of the family were working. there wasn't it was bed you know

i have just seen bank of america overnight. forecast treasuries and other developing market yields, they have brought down the forecast because they have lost hope of a speedy resolution to the tensions. ben: i think it does keep treasury yields capped. treasuries still very much of the safe haven, but they are also the high yield. they have both things going for them at the moment. i think that is going to keep treasury yields well capped. does not mean they will collapse from here. i don't think so. i think we are in this range trading from here on out. ben: thank you very much. -- anna: thank you very much. up next, we bring you your stocks on the move, including merlin, the theme park, legoland, operator. the stock is up by more than 5%. this is bloomberg. ♪ anna: welcome back to the european market open. negative session for european equities, following on a negative session for asian equities. the dax down by just over 1%. let's get your individual stock movers. berger haser -- dani those for you. dani: we are kicking it