david beyonca spoke to bloomberg about bessent colors market outlook. >> not just markets. the equity side has been excited since the win. this has been good news for the bond market. the treasury secretary is concerned about the deficits. that is welcome news. scarlet:scarlet: for more on how wall street is reacting to the choice of scott bessent, we are joined by j.p. morgan managing director priya. i'm a little confused as to whether bond market sees bessent as such a positive pick. he is more moderate on tariffs the reporting shows commitment to trump's tariffs was a key deciding factor when the president-elect made his pick. >> it is a very fair point. i think the president-elect does want to tariffs and the treasury secretary is going to help implement it. the question is how and if it is a phased in approach, the market does not see it as tariffs going place and the world has to adjust. more that it is a process. with the market is looking at more is on the deficit front. for the last month and a half, interest rates have risen significantly. we have priced in a defi

coming up, david beyonca, mike wilson, frances donald of rbc.ve a wonderful weekend. this was "bloomberg surveillance." ♪ it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. matt: thank god, it is friday. we may actually have a treasury pick. 30 minutes until the start of trading. i matt miller. katie: and i'm katie greifeld. bloomberg "open interest" starts right now. matt: coming up, we are poised for pmi's