let's get back to our guest host, brendan brown.en you look at the reinsurance business, we don't often inc. it is as penalized as the banks, and it is not, but are we mispricing risk overall? brendan: i think the bond market bubble if one wants to call it that is a dominant influence on all global asset markets at the moment. or upset to that level bursting would have profound effects. i mentioned the possibility that we may be entering a dangerous period in the japanese market. theseenerally, i think level of bond yields clearly makes very little sense from the longer-term perspective. the big question is, when do insurance companies decide to take profit? francine: thank you so much for that. we will talk about japanese banks. brendan brown stays with us. coming up next, barclays profit plunges. how big a blow was the brexit vote to jeff staley's turnaround effort? this is bloomberg. ♪ francine: barclays second banker profit fell as the posted a pretax loss. ceo jes staley spoke to bloomberg earlier about brexit. >> at a bank lik

brendan brown. we started, telling the latest on the terror attack in france. back, we will return to that. we will bring you the news as it develops. the latest death toll, 84 people. many more injured by this attack that took place on the south coast of france. ♪ e manus: terror returns to france. 84 dead as a truck loaded with into a crowdhs celebrant bastille day. francois called of military -- francois hollande calls up military reserves. >> this attack that has all the elements to be called a terror attack is of incredible violence and it is clear that we have to do everything in our power to fight this terror plague. >> the eu president calls the event a tragic paradox as people were killed so the burning of a, -- as people were killed celebrating liberty, equality, and fraternity. president obama called it an act of terror. manus: welcome to countdown. anna: a very warm welcome to the program. france has extended a state of emergency and will deploy 10,000 members of security forces after a estoril day attack in nice killed 84 people. >> a truck loaded