[laughter] bob michele, when do i get a real yield back? bob: i know. it just seems to have been another one of these casualties of the crisis. i guess we will know things are further returning to normal when it comes back because by then, all the value will have been squeezed out of the bond market. jonathan: you sound like you've become more constructive in the last couple of weeks. can you walk us through whether you have, and why? bob: for sure, we have. when you look at the over woman response by policymakers, both monetary and on the fiscal side, it has been dramatic. it has not just been a handful of developed markets. it has been in the emerging markets. in the last couple of days, you had rate cuts out of indonesia, a rate cut out of brazil. you had a rate cut out of russia. i look at where brazil central bank rates are. they are 2.25%. that is where the u.s. was a year ago. so the policymakers have no interest in watching the pandemic continue to shut down the global economy. they are doing everything they can. jonathan: is this a case of ther

right exactly and so anyway we're out of time so i got a psycho bob michel renai thanks so much for being on the kaiser report i appreciate you and i hope to see you again mr kaiser found absolutely have a on one yourselves happy to drop by to talk because i'm all right and that's going to do it for this edition of the kaiser report with may max kaiser and stacy herbert want to thank our guest michelle renee over there informative services if you want to catch us on twitter it's kaiser report the next time. nuclear power plants of become a battleground in the u.s. in the moment people are demanding the shut down of a local plant. yankee is right now my focus because it's a very dangerous oh no clare power plant the owner is attempting to run the reactor beyond its operational limit this case just sort of puts a magnifying glass on where's the power in this country where's it going is it moving more towards corporate interests or is it more in the idea of a traditional just. power lie with the people this case demonstrates that struggle in very real ways a struggle. the world is driven by

bob michele says 0% is where we are headed on the 10 year. what else can we do?about to find out. in all seriousness, we've been asking the question why do we have this dislocation between what we are seeing in terms of the economic data and the case counts around america at what we are financial markets? i think we are beginning to get an answer right now. alix: it is worth noting that the nasdaq 100 was at a record high yesterday. apple had its second record high day. we were already frothy in certain areas. the valuation conversation was front and center. yet vice president biden coming out in topping the polls in a new york time pull with a commanding lead over president trump. i have to wonder how of all that and second quarter rebalancing will figure into all that. we leave you with the s&p down 3%. that wraps it up for guy and myself. coming up "balance of power" with david westin on bloomberg television and radio. happy wednesday. this is bloomberg. ♪ save hundreds on your wireless bill without even leaving your house. just keep your phone and switch to x

equity futures elevated going into the opening bell, and the next hour i will be catching up with bob michelend on the bond market we will cop -- we will talk to kathy jones. those interviews coming up very shortly. jonathan: it will be important -- tom: it will be important to drive the conversation forward. it will be interesting to see how it close the weekend, and particularly what mr. michele sees. what we thought we would do after a wonderful cross-section is notersations today take a lighter approach, but look at the agony in new york city of a collapsed restaurant and entertainment business. andrew ricci has been doing this -- andrew rigie has been doing this for years, new york hospitality. not so much a promoter of the industry as the go to guy in the five boroughs to keep the spirit alive. he has been doing that for many years. i know you will tell me it is bad, it is grim. let me take an optimistic tack. how quickly can the restaurants recover and openk6 again? andrew: thanks for having me on. that is a tough question. we are looking at all of the health metrics. if everything con

bob, is our ultra hip host. leading us through a string of interviews with the likes of eric clapton, david crosby, michelle phillipst and joining the likes of fiona apple, beck, and norah jones performing songs first recorded 50 years earlier. #..lose its desire for you...# they were the powerful band that we all wanted to be. having played the festival circuit for a couple years, echo in the canyon makes some interesting, if hardly ground—breaking, connections between transatlantic music scenes, and features one of tom petty‘s final interviews. that's really, you know, two things clashing together in a huge wave. it also makes regular allusions to jacques demy‘s late ‘60s films model shop which is, to be honest, far more interesting and inventive, and which you can find now on arrow blu—ray. meanwhile, echo in the canyon streams from monday. on the subject of blu—ray, you can own celine sciamma's portrait of a lady on fire, one of my favourite films of recent years, on disk from monday. set in the late 18th century, this is a thrillingly contemporary period piece that reconfirms sciamma as one of the finest film m

bob is our ultra hip host. leading us through a string of infused with the likes of eric cla pton, infused with the likes of eric clapton, david crosby, michelleephen stills. hosting a 2015 tribute concert and joining the likes of fiona apple, beck and norahjones the likes of fiona apple, beck and norah jones performing songs the likes of fiona apple, beck and norahjones performing songs first recorded 50 years earlier. they were ina recorded 50 years earlier. they were in a powerful band that we all wa nted in a powerful band that we all wanted to be in. having played the festival circuit for a couple years echo in the canyon makes some interesting if hardly ground—breaking connections between transatlantic music scenes. and features one of tom patty's final interviews. that's really you know, two things, clashing together in a huge wave. it also makes regular illusions to late 60s films model shop which is to be honest far more interesting and inventive. and what you can find now on our —— blu—ray. meanwhile echo in the canyon streams from monday. 0n the subject of blu—ray, you can own celine cmr is portrait of a lady on fire. 0ne blu—ray, y

on this story now with our correspondents bob a vessel is in brussels and is standing by for us in london good to see you both barbara let's start with you michel barnier there are saying that the u.k. is backtracking in all areas i mean those are some stark words from the e.u.'s chief negotiator what did you make of what he had to say. i mean this seems that this basic political misunderstanding of this basic divergence of the position off the 2 sides here in these negotiations has not been brought cross closer has not been sort of approached at all because boris johnson when he signed this piece of paper michel barnier was showing us the political declaration thought this is just another piece of paper i can forget about it as soon as i have signed it and then the year after we will just start out on a fresh basis just as we wanted just as we determine the europeans on the other side as we've heard from bunny and now say no this is a valid political agreement and you have to stick to it and you will hold you to it and so far there has been absolutely no waste the way to sort of get away from these 2 completely contradictory points and the que

bob is our ultra hip host. leading us through a string of infused with the likes of eric clapton, david crosby, michelle phillips apple beck and norah jones performing songs first recorded 50 years earlier. they were in a powerful band that we all wanted to be in. having played the festival circuit for a couple years echo in the canyon makes some interesting if hardly ground—breaking connections between transatlantic music scenes. and features one of tom patty's final interviews. that's really you know, two things, clashing together in a huge wave. it also makes regular illusions to late 60s films model model shop which is to be honest far more interesting and inventive. and what you can find now on blu—ray. meanwhile echo in the canyon streams from monday. 0n the subject of blu—ray, you can own celine cmr is portrait of a lady on fire. one of my favourite films of recent years on disk from monday. set in the late 18th century this is a thoroughly contemporary period piece. it reconfirms cmr as one of the finest film makers of her generation. i will leave you with news that the icelandic offering woman at war wi