david malpass is the world bank president. mr. lpass has spearheaded the effort toward aid and reaction to the pandemic. we will get an update on the pandemic, and update on 2021 for his world bank. red and green on the screen with futures. there's a shift on the market with the real yield ever lower, -1.06%. that is changing on this wednesday morning. on bloomberg radio, on bloomberg television, the simulcast. this is bloomberg. ♪ experience the ultimate sports hub. where you can find games, news and highlights. all in one place, right on your tv. the xfinity sports zone. use your voice to search every stat and score. follow the teams you love. and, even get notifications with breaking news alerts and more. with the xfinity sports zone everybody wins. now that's simple, easy, awesome. say xfinity sports zone into your voice remote today. yeah. this moving thing never gets any easier. well, xfinity makes moving super easy. i can transfer my internet and tv service in about a minute. wow, that is easy. almost as easy as having those

tom: david malpass of the world bank.is the best interview i've ever done with him area was done withpermitted -- him. he was really informative. we've got the perfect person to drive forward the conversation, damian sassower ou with his love of histo -- damian sassower, with his love of history of global wall street in previous crises. thrilled to have you with us on "bloomberg surveillance." david malpass was adamant that we don't have the commercial banking relationship that we had in the time of the rose. what is the relationship with em in 2020? damian: i think we must respect the directional nature of developed versus emerging markets, at least over the short term. we have record u.s. dollar valuations, the s&p at all-time highs. we got the upcoming u.s. election season. if you were to rank the 25,000 most liquid companies in the market today, i think you would find more attractive relative value opportunities in emerging markets, and i think that is what malpass and a lot of other investors are referring to. tom: s

first of all, david malpass will be joining us for the world bank. thrilled about that. n a frequent visit from mr. malpass. really looking forward to the update on the pandemic. james b young go will be -- co will be with us as well. on bloomberg radio come on bloomberg television, this is "bloomberg surveillance." ♪ ♪ >> the market is totally divided from the real economy. , there'sou look at it only so far the market itself can go without the stimulus. we are printing money in the u.s., but we haven't really seen that velocity of money into the system yet. >> this is the strangest recession. we have housing starts that are strong, retail sales that have already recovered. >> you've got to step up and put some in. >> this is "bloomberg surveillance," with tom keene, jonathan ferro, and lisa abramowicz. tom: "bloomberg surveillance." good morning, everyone.

and that was the president of the world bank, david malpass, speaking with tom keene. at some of the movers here that we are following today. one of the biggest movers right now, or one of the biggest losers, i should say, on the eqt, after ebitda fell. adyen is also down right now about 5%. it is a big winner this year, but it is down today, miss with the numbers, so it looks like investors are taking some profits, and we told you about accor and the french paper, "le said there is a possible takeover, although kepler has come out and said neither company really has the all-outr it, an takeover. coming up, we will speak with a ceo whose company had a strong year, the company posting a huge rise in profit. ♪ experience the ultimate sports hub. where you can find games, news and highlights. all in one place, right on your tv. the xfinity sports zone. use your voice to search every stat and score. follow the teams you love. and, even get notifications with breaking news alerts and more. with the xfinity sports zone everybody wins. now that's simple, easy, awesome. say xf

david malpass and his bank. features advance up five. >> if you want a president who defines the job is watching hours a day watching tv, he is your man. this trusting and the great if you are trying to entertain, but in a real crisis, it collapses like a house of cards. covid just doesn't respond to any of it. to beat it, you have to actually go to work and deal with the facts. tom: the former president messaging the message over. i really wonder for a global audience for to hillary, the play of the zeitgeist in america is extraordinary, do we go back to a traditional convention when the pandemics are over? cirilli,tin and kevin giving us convention coverage. absolutely extraordinary, whatever your politics the last two nights, all of this with a new way of messaging. almost fascinating to see where we are for years from now within the convention strategy of the two parties. right now our strategy is to get smarter on fixed income. with us is mark dow dowding of bluebay asset management. i hit my head against t

the bank's president, david malpass, said the figure could rise if the crisis continues 01’ worsens.control in mali have announced that land and air borders will be reopened on friday. the coup leaders have also said they're in contact with opposition groups about starting the process of appointing a transitional president. one other story which is making news in the us is that president trump's former adviser steve bannon has been arrested and charged with fraud over a fundraising campaign to build a wall on the us—mexico border. both he and three others are alleged to have defrauded hundreds of thousands of donors. paul hawkins has more. he was one of the presidents closest advisers. he has pleaded not guilty on charges of fraud and released on bail on $5 million. four years ago, he was a key architect of donald trump's 2016 presidential election victory. his right wing anti—immigration ideology fueling the president's ‘america first‘ campaign, part of which included... we're going to build the wall. build a wall. we're going to build a wall. with the president short of federal fun

the bank's president, david malpass, said the figure could rise if the crisis continues or worsens.he posted on instagram last week that she was in hospital for a chronic condition — the second time this year. rupaul paid tribute to her saying that he was "heartbroken" to learn of her death. the headlines on bbc news... doctors treating the russian opposition activist alexei navalny say tests so far have found no traces of poison. his family is furious that medics say he's too ill to be moved to germany for treatment. the european union's chief brexit negotiator says talks with britain appear to be going backwards rather than forwards and it looks unlikely a deal can be made before the end of year deadline. uk tourists face a fresh race to return home from holiday — as those returning from croatia, austria and trinidad and tobago from tomorrow are set to face two weeks isolation. dog owners in germany could soon have to exercise their animals twice a day, for at least an hour in total — or face prosecution. there could also be a ban on keeping dogs chained for long periods. jayne mc