as historian david goldfield notes you started seeing it again associated with defiance of the federal government and opposition to the civil rights and racial equality of the african-american population in the south people only started waving that thing again when they wanted others to know they were against racial equality that would explain why i can verify. ads are so often seen in the vicinity of truck nuts. you know they come in pairs they go. these civil war icons are meant to show that our society values white men who were willing to die to keep slavery as an institution i only recall one black monument when i was growing up in richmond virginia the arthur ashe monument arthur ashe was a hero of mine because i was in richmond and i played tennis just like he did but i now realize it speaks volumes that the black hero in our city is willing to celebrate that our city's willing to celebrate is one who excelled at sport and did not really threaten white folks at all this doesn't mean or the us wasn't great but it sends a message if our white monuments imply excellence is fighting

david, stay with us. we are going to continue the conversation in a moment. looking ahead on "a break into," -- "daybreak asia," we will discuss the results. betty: the diggers and dealers conference. goldfieldceo nick joining us at 10: 10:00 p.m. sydney time -- 10:10 sydney time. this is bloomberg. ♪ anchor: this is "daybreak asia." i am betty liu in new york. yvonne: i am yvonne man in hong kong. washington is in favor of a clean increase in the debt ceiling. the treasury market is not buying it. take a look at my bloomberg. you will see disruption in the market that shows the yield expiring in october, which is in red, and that, you are seeing traders willing to pay more for debt expiring in that month versus the october -- the november 1, i should say, in white. you will see the yield. we do get closer to more debate about this potential debt ceiling. let us bring back david kotok. do you think the market is paying enough attention to this debate? the ceiling debate? david: the market is starting to, yvonne. question is, can we look at places like you just did in that chart? can we look at the credit default swap on the u.s.? the trades in europe, up five or six basis points? that does n