kit: i think it is a better chance of being heard than with christine lagarde and mario draghi in placehen mario draghi in the ecb, for example. we have taken -- changed the actor, and the most credible players when merkel is gone are going to be lagarde and draghi -- they are proper big hitters. they have won the argument with me. i suspect they have won the argument when anyone listens in london, new york, or washington, but there is a lot of parochial view. you don't have to go very far before people will show you a chart of debt to gdp ratios and various european countries after the pandemic. we have to do something about that command the answer is yes, grow. you have got to grow, but it is going to be fascinating. i certainly would not bet my house that you could convince german politicians away from austerity. alix: on the flipside, yes, the fed is a big game in town, the ecb is the second big game in town, but we are starting to see central-bank divergence in terms of how they're coming out of the pandemic, and they wonder in terms of the fx market, where can you get some pickup?

what do you think the direction will be from christine lagarde?gen: the euro again plays a part. she's told us a broad-based financing condition index is what they're using to guide them back to stability. the euro is obviously part of that. i don't think we getting more cautionary language around that than we've already had but clearly appreciation in the euro and rise in yields we've had is all going to play a part for the financial conditions they will be watching and use that to justify the very easy monetary policy. manus: i'm not trying to get you to make a market call, but when you look at the trajectory of the bund market and yield careering toward zero, giving everything you said, it's astounding the speed of the repricing in the european bond market, isn't it? imogen: luckily, making market because is my job, so i'm happy to do it this morning. we generally over the longer term won't see much higher bund yields. we believe strongly in the strength of recovery and we don't believe the european market has priced that in yet. the difference

christine lagarde mentioned that has well.t it is not that reasonable to extrapolate from what is happening in the u.s. to the euro area because where we are in the cycle and in terms of policy accommodation is very different. so i would expect the ecb from here to facilitate fiscal first and foremost. alix: so what does that actually mean for rates? are we ever going to get sustained higher-yielding europe? konstantin: if you look at the first hikes from the fed for may 2023, and the ecb price couple of months later which is probably unreasonable if you look at the differences in the forecast when it comes to inflation, the fed is projecting to be around target in 2023, while the ecb is projecting to be miles away. certainly it does not make that much since to expect the ecb to go a couple of months after the fed, so it were means be seen to extent they will be able to normalize policy over this horizon. maybe japan is a better comparison than the u.s. guy: so what do you do? where is the opportunity in europe right now? kons

again, it is all about christine lagarde, will she have a hawkish tilt today in a press conference?kets brace for the tapering ahead. if we look at what is happening in the key proxy of financial conditions, the tenure spread, that did why didn't by about 20 basis points from that meeting through mid-may. that has come up quite a bit. the spreads are wider than the last meeting, but nothing to be concerned about. i think they are quite happy with that. they want to continue to contain the spreads. it will be a fine balancing act. anna: thank you very much. laura cooper, think for bringing us what to watch on the inflationary story in the united states and the ecb. tapering will be happening at the same time. we will bring you coverage of that data and that press conference where conversations could roam and get into interesting territory. we will also have come running in the backdrop, the g7 taking place. that is it for the european market open. "bloomberg surveillance: early edition" asap next. the markets look flat right now. the ftse 100 is lifted a little bit. that is it for th

and the q&a is where we see what stands christine lagarde is leaning towards.s she need to lean into the fact that what the bank of england, bank of canada, bank of new zealand is paying in terms of, you know, the light at the end of the tunnel is there in terms of starting to ratchet back some of this extraordinary policy? >> look, i think the press conference -- we are in the middle of this strategy review right now, the ecb strategy review. we will not get more clarity on that until later this year. i think if i were a european bond trader, one of the things i would be most interested in hearing today is whether or not there is a growing consensus within the governing council to tolerate above target cpi inflation for longer. right now, you were seeing some considerable flattening. it's largely being led by the move in u.s. treasuries but if they start to give indications that they want to move in that direction, they are happy with inflation to be about 2% and, you know, moving more towards the symmetrical inflation target, that could put a break on some of

there's christine lagarde talking at the ecb, virtually of course.berg. ♪ >> if it was some private operator, that would have some vested interest in the data. ♪ ritika: it is time for the bloomberg business flash, a look at some of the biggest business stories in the news right now. i'm ritika gupta. the board of next jewel -- next digital has reportedly voted to suspend operations of the apple daily newspaper in hong kong after top editors were arrested and national security officials froze its bank accounts. the board applied to unfreeze its assets and will decide on friday whether to cease operations. european natural gas experienced an unprecedented rally. the gains are fueling concerns about inflation. gas is so scarce in europe that some utilities have turned to burning more coal, a setback for the fight against climate change. chinese regulators are cracking down on crypto activities. the government has summoned officials from its biggest bank to a meeting to reiterate a ban on cryptic currency services. representatives from the banks were re

christine lagarde says raising u.s. inflation will have only a moderate impact in the euro area.e will discuss that, next. this is bloomberg. ♪ >> international spillover from u.s. inflation can be amplified if people in the euro area shape their inflation expectations also on the basis of developments in the united dates. -- states. overall, however, the effect on euro area inflation is expected to be moderate. as the recovery is gathering pace, we need to remain vigilant and ensure that policy support continues to provide a bridge over the pandemic and well into the recovery. anna: that was the european central bank president, christine lagarde, speaking with lawmakers at the european parliament. she reiterated her view that accelerating u.s. inflation would have only a limited impact in the euro area. i'm sure that is the received wisdom. looking at five-year inflation expectations for the euro zone, the most recent direction of travel over the last couple of weeks or so, those expectations have been coming down a little bit as if there is a de-anchoring with the u.s. mark: ab

this is more important than christine lagarde and the ecb right now.e basis point move in the 10 year yield gets your attention. lisa: especially given the fact people waited for a second. they started to parse through the data and started to sell. you are seeing yields creep higher, 1.52%. you see it continuing to climb as people look through the data points. what will be the distinction between temporary and transitory? tom: the real yield comes in from an negative point 85 to .82 . a lesser real yield. a low bit of softness in the equity market. romaine: a pretty significant reaction, at least a knee-jerk reaction to the downside in regards to equity futures. interesting to see if some of the losses get pared. if you start to see things higher-than-expected, you will always get a low bit of reassessment by folks in the equity market. tom: a higher yield is how we would call it with the attendant futures. on radio those are abrupt moves but i would call them contained. michael mckee looking through 32 pages of inflation data. everyone thinks it is tw

christine lagarde is going to come out, and what everyone is looking for is whether the ecb is lookingo planning to taper their monthly purchases of bonds. right now the market seems to be shrugging off suggestions of that. 8:30 a.m., we get a slew of economic data out of the united states. cpi for the month of may, consumer prices expected to rise, the fastest pace going back to 2008. if you take a look at treasury yields, people shrugging it off. we are also going to be getting jobless claims. unless the numbers are as noisy as they have been, i might be watching jobs more than anything because perhaps that has a longer-lasting effect on inflation, if you look at the stickiness of wages when it comes to those equations. 2:00 p.m., treasury secretary janet yellen talking about the budget, as well as her views on the cpi print. she's been talking about the importance of doubling down on the low rate regime for a longer time. she has also been pretty vocal with her support of the global minimum tax rate, and that i think is also going to be interesting to see how she plays that in terms

christine lagarde says it is too early to talk tapering at the ecb.eaction. the story of the week from a european perspective from our markets live team. this is bloomberg. ♪ anna: welcome back to the european market open. 53 minutes into our trading session. up half a percent on the ftse 100. the stoxx europe up by 0.3%. u.s. futures are unmoved, so it isn't reading across the market expectations. u.s. futures fairly flat. let's speak to a reporter from our markets live team. around the same time we saw inflation data drop from the u.s., we got a press conference and commentary coming through from the ecb. what was your take away from the european central bank? they did not do anything in terms of changing their policy. in fact, they did something in reassuring they were sticking to the higher pace of bond purchases. was there anything for you to really get into yesterday when it came to those higher expectations for the euro zone? reporter: good morning, anna. i think the ecb put off a fine balancing act. it seems the intuition was with the ecb as t

christine lagarde -- they will talk about it. do not want to give up control of this process. why with the country want to give up control of money? it seems like a crazy thing to do. alix: isn't that bastille day? there's something to say about bastille day. ray: -- alix: that is a stretch. that is what we do. it seems similar to what is happening with the carbon price or any sort of co2 emissions. they are like please give us regulations because if we do not do it now the results will be so bad for the companies and individuals. i feel like to do something similar with crypto. do it now before everything gets thrown out with the bathwater. guy: if you look at china, the bathwater is being thrown out. alix: totally. they can also do that. guy: they do have the power to do that. that is the difference, but it is a big part of the market. if the u.s. decides to regulate -- the regulate can go one of two ways. it can provide an air legitimacy, but it also make it more difficult. if you believe cryptocurrency are effectively swiss b

and we will get the press conference from christine lagarde. -- 8:30 a.m. and we will get the press conference from christine lagarde. what will move the needle? there has been this incredible capitulation with respect to the short bets on interest rates moving higher. and the price moving lower. all of a sudden, people saying forget it, you cannot bet against treasuries. we saw the incredibly strong rally that sale of 10-year note yesterday. what will change that? will the tree one print? this is a faith based bet whether inflation will rise or it is not? peter hooper coming up with inflation bank and going to talk about the structural shift to the paradigm. this is a question on why it is not reflected in price. if the near term points good in -- could inform inflationary rise. tom: let's continue to frame dr. hooper's important note. lisa: we will get there in one second. tom:oh, you're not done. lisa: janet yellen is going to present to an appropriations committee. i'm interesting to hear what she has to say about the cpi print and seismic shift. tom: w

we will have to watch, but that is not the problem christine lagarde faces right now. that's talk about another aspect of one of the key stories we are watching at the moment, the crypto story from a different angle. banks facing the potential of significantly tougher requirements to carry crypto on their balance sheets, despite the possible the of tighter restrictions -- their balance sheets. despite the possibility of tighter restrictions, it is a little higher today, possibly on the idea that it could be carried by banks. abigail doolittle has more. abigail: in terms of tougher capital requirement relative to banks, it has everything to do with volatility because the crypto bulls are happy today. why? because in the more near-term over the last two months, we have bitcoin in a bear market. we took a look at bitcoin since april at its last all-time high, we are going to see a pretty decent decline, down 40%. right now stuck in this sideways range. that really suggests uncertainty about what is next. as banks are going to step it up in terms of regulation, or the bitc

christine lagarde says the ecb governing council is making good progress in its focus on the biggestaul of the institution monetary policy into decades. the governing council met this weekend for the first time since the pandemic outbreak. germany hopes to renew the central banks inflation role. data analysis ahead of the annual form late september. 100 american airlines flights have been canceled for monday extending from the weekend. 300 flights were scratched saturday and sunday, citing unprecedented weather at hubs with labor shortages and increased bookings. airlines a struggle to deal with demand as a vaccinated travelers embarq again. global news 24 hours a day on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. haidi: take a look at markets asia under pressure, read across the board. >> investors are jittery after fed talks about tapering. the focus goes to when it will start raising rates. we heard from bullard saying, if inflation continues to be elevated, we could see rate r

i have to ask you about your reaction to that interview today from christine lagarde, who says it isoo early to talk about the end of the pet program. would you agree with that? guest: yes, it is too early to talk about the end of the program, but it was implemented as an action toward a fall in demand with the crisis, and demand is increasing now and inflation is moving up. i think it is more than justified to look at the higher end. i think the rest of europe is very concerned that inflation is going up and is going to stay. maria: you know, mr. holzmann, those fears and doubts, madama madam lagarde made clear there was some divergence. when we get back in september, assuming nothing changes over the summer, how tense could that debate get? guest: i think it is important to understand that we always have a very animated discussion because we come from different countries and have different views, different economic backgrounds. so a discussion is collegial and we share our thoughts very freely. but then we try to come up with something which is supported by everybody, even if some

ministers gather in italy and then christine lagarde speaks at the brussels economic forum. u.k.inuing confidence numbers. a lot of cpi data out of a number of different locations. keep an eye on that. we are looking for a catalyst. maybe that could provide one. alix: right, although you have central bank saying still transitory. it feels like even if you get a big number, will that move the needle? maybe the hawks in europe in the u.s., but it has been discounted by what powell continues to beat the drum with. guy: to be honest the big number of the week, everything builds up to it. it is the payroll number. if you get something circa 700,000, north of 700,000, i think people are looking at the moment when we start to get traction the u.s. labor market. that is not happened yet and is, a lot of people by surprise. alix: when we get those one million prints? coming up, adam posen, peterson institute president will be joining "balance of power" with david westin on bloomberg radio and television. guy: the cable show will be hearing from the new health secretary. hopefully he will

1:10 p.m., christine lagarde will be speaking at the green swan event. basically, this is bankers coming together and policymakers to talk about level climate change -- global climate change. interesting to think of that is part of the banker mandate, there increasing power, increasing political footprint. tom:, on, no. i don't agree. they're looking for a new thought and the thought is climate change. lisa: when is the next time i will hear you say thought leaders? tom: they're just picking up on the theme. i get that. help me. jonathan: now, no, no, don't bring the into it. lisa: 2:00 p.m., your next favorite, the beige book. i've been looking forward to trying to sell the beige book for the past month. it will be really interesting to see the wage dynamic, how people are coming into the labor force to try to understand how much employers are having to tee up the salaries to get them into the workforce. this is not a huge mystery. we do not understand what is causing the friction that is leading to so many job openings and still so many unemployed work

china is one example of this i have not seen jay powell or christine lagarde being great friends of cryptol see how that regulatory battle is fielding up. >> sven, thanks so much. great to see you >> great to be with you guys >>> goldman reiterating its buy ratings on micron and western digital. both those shares up forecasting strong demand for the rest of the year the semiconductors used in smart phones and watch sprinkler opening for trade just moments ago and another debut drop to go with it. the ceo with us in just a moment "techcheck" is back in two minutes. (vo) this is a place for ambition. a forge of progress. a unicorn in training. a corner to build a legacy. a vision for tomorrow. a fresh start. a blank canvas. a second act. a renewed company culture. a temple for ideas. and a place to make your mark. this is where dreams become brick and mortar. find yours, on loopnet. >>> facebook is expanding to sell directly on its properties and announcing some new numbers. julia boorstin has that. julia? >> well, jon, mark zuckerberg has talked about how commerce is a valuable long-term op

what will christine lagarde have to say about the stronger euro, as well as the weaker jobs report andr as we continue down this road? on friday we have the g7 summit in cornwall. guy johnson will be there on location. the first time in about a year and a half. lots of great interviews from the g7. stay with me if you're in london and your commuting, you can go to bloomberg radios the cable at the top of the hour live on bloomberg dab digital radio in london. if not, have a wonderful weekend. this is bloomberg. ♪ (announcer) back pain hurts, and it's frustrating. you can spend thousands on drugs, doctors, devices, and mattresses, and still not get relief. now there's aerotrainer by golo, the ergonomically correct exercise breakthrough that cradles your body so you can stretch and strengthen your core, relieve back pain, and tone your entire body. since i've been using the aerotrainer, my back pain is gone. when you're stretching your lower back on there, there is no better feeling. (announcer) do pelvic tilts for perfect abs and to strengthen your back. do planks for maximum core and t

and christine lagarde says they must water the green shoots of recovery, echoing that the region is noton the physical front. let's check where markets are. equity markets actually coming

lisa: the thought leadership today comes from the ecb's christine lagarde.his comes on the people of the greens event the talks about climate -- the green swan event that talks about climate change. she will talk about how the ecb will extricate itself from the policy it has currently implemented. how will it up down should conditions deteriorate further in the euro zone? 2:00 p.m., the fed beige book. really interested to see how much clarity it gives to the employment picture. the idea that we don't understand why there are so many job openings, and yet so many people still out of work. is it childcare? is it enhanced unemployment benefits? is the fact that people are worried about their health and going back to the office where the restaurants where they work? this is also very interesting in terms of how much momentum there is behind a bipartisan bill to fund infrastructure in the united states. president biden is meeting with shelley moore capito, the senator leading the infrastructure effort for the bipartisan bill. how much are we actually getting fro

screams around 1.25 is what we are hearing from the analysts and investors we talked to, but christine lagarde, you know this is her first or second year, we should say, in the seat. and the first time she confronted something like tapering. it will be interesting to see if she makes a decision on her own or if she is pushed into things by her lieutenant. tom: in the morning to get you ready for all of this economics, i have to go to lisa abramowicz. i think it was yesterday or maybe the day before, you said -- lisa: it all blares together. tom: it all blares together -- blu -- blurrs together. tom: it does. lisa: going back to pre-2008 crisis, now there's a big question. the federal reserve is unwinding its holdings of corporate debt and corporate debt etf's and mast during the height of the pandemic. the concern here is, could this disrupt markets or does the success of this program highlight how the fed will get involved in the credit markets going forward? is this part of what is keeping spreads low, because the fed is the ultimate buyer and in a moment of distress they will step back in?

even christine lagarde today and her central bank meeting, hold on the phone, it is way to stop the bondand bond buying distorts the signals of the market so it is hard to tell what the treasury complex thinks of today's numbers but what we can tell you is that investors are going along with the fed to some extent they're not going to fight it. it has not been very profitable to fight it. does that mean that they believe there is no inflation? and it absolutely is transient not necessarily. they're just going along with the market until they see something that theycan act upo that will make it through the clouds and through the smoke and actually get a signal out. and there will be those sessions of treasury trades now, if we look at another measurement of inflation that is being scrutinized these days it's the break-even 10-year. the comparison between a coupon 10 and tips which is treasury inflation protected security, and that relation in the 230s, you see on this chart, it has been moving down that's a month to date chart a daily month to date chart. and at that point, it is now the

a discussion with christine lagarde and jerome powell, among others.his is a real set of worthies trying to figure out how monetary dynamics fold into better gdp and sustain gdp among climate change. it is a different effort than the paris accord, which really went to the documentation of data coming off of cities and smaller institutions. taylor: and i have to say, larry think of last week i think talking about the higher inflationary trend as we shift to going ev, to going green -- larry fink of blackrock last week i think was talking about the higher inflationary trend as we shift to going to ev, to going green. romaine: this is a push, and global push right now, by our monetary policy makers into that arena. tom: it really is. this is what bis does. i can't say enough about the institution. as one of our guests mentioned the other day, they are absolutely definitive on thinking through this event called bitcoin. let me do a quote. romaine bostick insists i quote bitcoin, $36,800. we have not mentioned amc in at least 12 minutes. we will fix that pr

that is a yield christine lagarde would know. matt: german yields are going in the opposite direction. i thought it was interesting the bundesbank put out its new forecast for the year, growth will be back to pre-pandemic levels. then much higher next year. inflation, though they have it at 2.6% this year, comes back down to 1.8% and then to 1.6% in the following months. tom: this sets us up for weekend reading to get started into the fed meeting next week. lisa, i got to look at the real yield, extraordinary. i came in this morning from the surveillance siesta and looked at the 10 read -- 10 year real yield, .9 3%. it is safe to say it plunged yesterday. lisa: it plunged yesterday. i'm wondering how much we can take away from this. you have an increasing number of people saying it was a technical trade, that this was a massive short squeeze. and people getting squeezed out of the position will reset and yields will creep higher. that said, there is this expectation the federal reserve will be able to stay on hold with the $120 b

tom: i do want to mention christine lagarde and jerome powell at a summit with the bank of international settlements. very important summit trying to link climate change into the future of central banks. as we speak, the leader of russia speaking at the st. petersburg international i comic forum. many -- international comic forum. many at bloombergtechtv -- international economic forum. many at bloomberg have attended this before. mr. putin speaking on things european this morning. we are going to digress to a data check right now. euro weaker, but much more on where we are in the equity markets. tom: -- romaine: s&p futures up about 0.1 percent. nasdaq futures up as well. really not doing much of anywhere. this is pretty much where we have been camped out around the 4200 level for the past six weeks. a similar story with regards to fixed income. you are looking at a 10 year yield camped out around the 162 basis point level. the dollar spot index also in stasis as well. to say we are now in a holding pattern, waiting for what is going to transpire in about 26, 27 minutes would be an unde

we were listening there to christine lagarde talking about what is needed in the european recovery.hat is very much underway is the next generation e.u. capital raising. the commissioner came to the market raising lots of euros. 35 billion euros. they could have raised a lot more though. this has been very well oversubscribed. demand holding up strongly. are you interested in that kind of sovereign debt at this point? >> generally speaking, our past year, from our poirl perspective is we're very much underweight sovereign det. we don't have a structural requirement to own it, inlike other styles, investors. in terms of the e.u. i think my caution to the market is i would estimate the level of resolve the e.u. and e.c.b. have in terms of getting these structural changes to take place. getting this capital to work. i realize and i'm the first to criticize in terms of having shovel-ready projects, that is definitely on our radar screen but i would not be too fast to criticize the e.u. and e.c.b. in terms of the level of resolve they have in terms of actually making these things happen

the ecb decision out later this hour ahead of christine lagarde's news conference.icy but, mark, the conversation certainly has changed in europe around fed tapering. it's also happening in europe and for a little while we were talking about the double dip recession in europe, now we're talking about getting back to growth. your thoughts, would you put money in europe right now? >> we do have a little bit of money in developed international. we're not overweight by any means. i think we just need to have a little bit of exposure. but look, i think the ecb, they keep their foot on the gas here. they're going to keep buying bonds. they're going to keep rates low. they're not going to taper just yet. they're going follow in the fed's foot steps, they're going to allow inflation over a transitory period, however long that a may be, to keep their economy off life support because maria, let's remember, they don't have covid contained as well as we do. operation warp speed gave us the ability to rebound faster than any other country and because of that, their economic reco

thursday, the ecb releases its rate decision, followed by a press conference with president christine lagardesday, i iran nuclear deal talks resume. we got a little on the timeline impacts. uscp i will provide insights. friday, the highly anticipated g7 leaders summit starts in the southwest of england. joe biden will be there, his first visit to the u.k. as u.s. president. coming up here on this program, we look at your socks to watch, including the u.k. travel and leisure structure. it might have impact on to leisure businesses domestically rather than travel. this is bloomberg. ♪ anna: welcome back to the european market open. nine minutes until the start of cash equity trading for another week. we have futures pointing in various directions. let's think about the individual stocks that could be on the move today. we are joined by simone foxman. let's start with some asset sales. simone: wreckit is selling up the chinese baby formula business to a private equity form called -- private equity firm called primavera. we knew the business was up for sale. the enterprise value coming in at $2.2

it will feature presentations from angela merkel and christine lagarde.lso on that particular program. at 1:00 p.m. u.k. time, we will have german cpi data released from 2:00 p.m. u.k. time, a series of data from the u.s. will hit the bloomberg terminal, including on housing and consumer confidence. later today, g20 foreign affairs ministers will be meeting. that meeting will continue in italy. let's get back to the banking agenda. the biggest u.s. banks are boosting payouts and continuing buybacks after clearing the fed's stress test. morgan stanley doubling its quarterly dividend and goldman sachs increasing its payout to two dollars per share. let's bring into the conversation dani burger. good morning. morgan stanley not disappointing. the average amongst the six banks went up by some 50%, i think. morgan stanley taking some headlines. dani: not a 50% increase, it's a doubling of their dividend. it reflects then performing better in the stress test. to one degree, it's pretty significant to see morgan stanley shares move post market. they rose about 2

christine lagarde says the ecb governing council is making progress on the overhaul of the monetary policye governing council met in person this weekend for the first time since the outbreak of the pandemic. the talks aimed to retool the inflation goal and improve its data analysis ahead of an annual forum in late september. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. >> st. louis fed president says he moved the dates for the tyke after 10 to 22 -- rate hike after 2022 because of hotter than expected inflation. kathleen hays is here with more. this is a huge shift. >> it certainly is, especially since jim bullard is someone who was firmly in the camp of as long as there is pandemic region, we cannot talk about lift off. on friday, he was asked, where is your daughter, he said, i put us starting in late 2022. the link to it. you have to have the idea that these forecasts for rate hikes are related to the forecasts for inflation, so my forecast said 3% inflation for 2021 and

it's slowly turning which correlates with a very dovish ecb, christine lagarde and maybe the higher pricesl live to fight another month. >> back to you. >> thank you very much, rick santelli. >>> still to come the ceo of novamax, the vaccine proved 90% effective overall in a late stage trial. >> dow was down triple digits off the open down 94 points right now and nasdaq bucking that. up a third of a percent. we'll be right back. ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth. everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking. exploring the world in comfort... once again. at cdw, we get your it staff has be ready to take on new challenges. that's why we built an office obstacle course ... to prepare our people fo

we youse and whats the subtext and the context of the language >> it reminds me, ursula, of christine lagarde who used to encourage people to -- encourage ceos to bring women onto their boards and into their executive leadership team. they would say to her, we would love to. we just don't have any qualified women. we don't have any people that meet the merit qualifications to have these jobs. what do you say to people -- she would pull a bag of names out of her pocket and say here you go, here are some women. what do you say to your fellow executives who say i'd love to have more black women on our executive leadership level or on our boards but i can't find them >> i think i would not be as graceful as she was and pull a bag of names out i would point out very clearly how small-minded this whole statement is what has happened in corporate america is that the rules -- the playing field of the field we play in was defined by white men. the rules of the game were defined by white men the referees are white men and then we say, oh, we have nobody these white men say we have nobody who fits this

remember, christine lagarde was very bearish, dovish, with regard to the ecb meeting., it's been raining dollars. and that's a good thing. the fed needed to do that, maybe it's a little bit too good right now, but that makes hedging the dollar very cheap, and buying treasuries a much better deal than many other sovereigns finally, let's get to our tens tech check here's a chart going back to 2012 this is important. in 2012 july and 2016 july, you had bottoms at 1.39 and 1.37 pre-covid, the last big bottom was 1.46 the main issue is if we start not -- if we close below either of these levels, most likely the place we're going to be going is right around 1.19. 1.19 was the last tie in the post-covid choppy trade that the treasuries had but right now, most of the screen is betting these areas hold, and do remember one thing. if you looked at all the auctions this week as i have, indirect bidders were very strong there's another signal that foreign interests are finding the right blend, mixture of rates and dollar hedging to be able to be big buyers in our auctions carl, b

the ecb president christine lagarde said there was moderate optimism generated by vaccination programmested there was also still a great deal of uncertainty over the evolution of the pandemic, including the emergence of new variants, and over the rate at which current restrictions on normal life could be lifted. so that is a snapshot about the current european response to the pandemic. girls as young as 11 have experienced sexual harassment in secondary schools in england. a review by 0fsted found that nine out of ten girls at schools and colleges said they had experienced sexist name calling or been sent explicit images. many of the incidents went unreported, which the watchdog warns is leading to sexual harassment becoming normalised among young people. zoe conway reports. it doesn't matter who you are, any age, you will experience as a woman sexual harassment. it is normalised and it is ok for men to do these things to women and young girls and there's not enough of a consequence. lucy and kerry have now left school but they remember how hard it was being sent sexually explicit images