was why they called e.m.'s in the 1st place you've seen the pictures injured his nose during the struggle for his face during the struggle in the swat to. the fluid that she described as potentially being. we know that that's fluid coming from the other side carriage of a squad car. here where. officers show vince specifically told her an ambulance was coming when she 1st came on seem . right now on her own who does not walk out when you have anything to harm you. yet you've got an ambulance coming. to computer aided dispatch reports clearly show what time e.m.'s was caught so genevieve hanson has a perspective and the perception and what she observed was not consistent with the actual evidence but remember we don't look at this incident from the perspective of a bystander we do not look at this incident from the perspective of the people who are upset by it we look at it from the perspective of a reasonable police officer a reasonable police officer when confronted with these bystanders would know everything

we know that e.m.'s responded to cover foods based on the videos at 27 and 27 seconds we know that called for fire at 203036. it takes approximately 3 minutes for each of us in the resting officers to put mr ford into the ambulance and the ambulance pulls away from comfort foods 30 and 17 seconds. fire response to cut foods at $830.00 to $59.00 that's 4 bullets in 15 seconds. after they were caught that's pretty close in consideration to the 3 minute expectation of miss hanson. but the ambulance had driven several box away to 36 and park arriving sometime between 31 and 833 that's one in the hand and we know that because there are 2 exhibits 62 and 63 were introduced 62 shows one paramedic and officer lane in the back 63 shows 2 paramedics and officers so somewhere between a minute and a half to 3 minutes to get to 36 and park where they began the resuscitative efforts. the 1st air is pumped into mr floyd per dr toben at 203506 that is 10 minutes after mr ford went unconscious productive target but it i

then there is this mat come call 33 where e.m.'s is asking for fire department for patient conditions. yes. that down here are the 5 and 13 seconds says. minneapolis fire department 2 in route to park in 36. and you are 2 minutes out 36 and 7 seconds. for port and yes and so you arrived at about 830 correct i'm not sure tony arrived there about within about 2 minutes as of your cough i believe yes i believe it was a 37 yes ok so the original call for 4 e.m.'s code to 17 minutes prior to when you got to the entrance. could you clarify please regional call e.m.'s code 2 for mouth injury at 820. that is not for us understood but that's 17 minutes after the original call went out correct then looks appropriate yes you were called or fire i should say was called at 828 and 36. was always radio transmission user and the fire incident was treated 7 seconds later at 28 and 43 seconds. so fire was notified 2843 our dispatch was yes. and what time did you arrive based on your recollection come through. our station opened obit 2030 we arrived

and that would include potentially calling e.m.'s the. but then so you've got all of these a media factors that come into play but then you can kind of widen that lens a little bit and you can there are some other factors that come into play in terms of the use of force again based on your training and experience. such as what do we know about the location generally. is this a field in the middle of the woods or is this a higher crime area. an officer is evaluating that as a process as a part of the process involving the use of force agreed you know as. you look at other things such as. tactical advantages or disadvantages or grid. so if you are if you are not able to get what's called concealment or cover that becomes a question. in a use of force here your examining the surrounding area to see if something happens can i conceal uncover right yes. you also in addition to the scene security you need to deal with securing the scene which is different than scene security agreed. scene security is maintaining the safety of everyone around in

what does it mean to stages in e.m.'s. what does that mean the stage. if your friend staging for safety purposes correct yeah if. if a scene is not safe. we will stage in the area wait for. police to give us. that it's safe to come in and just for clarification purposes you are not asked to stage an a so that. because of the crowd you know you are but generally speaking it's common for police to arrive at the scene deal with whatever the. circumstances are. e.m.'s is called in after police is dealt with the danger of the situation. he said a question again kind of a long winded police were frequently go to a call before he had mass to deal with some dangerous situation. yes completely different. of course of being a paramedic have you responded to other overdose calls or overdose calls. and is it e.m.'s policy to have police respond to those calls with you. yes they do i can reference a policy but ok in my practice they. experience that. and use that because when people are sometimes resuscitated or treated for an overdose they become. aggressive and vi

there's value out there in e.m. lisa: just to push back against the weaker dollar story, as we have seen the dollar strength in this year on the strength of the economy, markets are discounting mechanisms. people are going to be looking to a fed that will be tightening at some point. i'll concerned are you about better data spurring expectations for rate hikes even as soon as 2022, causing the dollar to strengthen spite all of these dynamics? lee: that is what we have seen. we have priced the end of 2022, for 2023. what are the fed dots saying? they are not hiking through the end of2 -- through the end of 2023. they've got a high growth forecast for this year, 6.5%. still they are saying we are not hiking rates. you have to listen to powell. the reaction function from the fed has changed. with average inflation targeting , they can ignore transitory rises and inflation. they are targeting the labor market. they are targeting maximum employment. not full employment. maximum employment. they are looking for underemplo

did you consider what the average 911 or e.m.'s response time is yes' do you have that information not for minneapolis no but you know just on average typically. between like 5 to 7 minutes and that's not specific to minneapolis right and it obviously depends upon the. circumstance where if there's a fire house 3 blocks away it may be 90 seconds or a minute right there and sometimes if all of the ambulances are busy right now all the fire trucks are busy could be much longer. looking or they go to the wrong location that happens to be. so part of the analysis not a reasonable police officer is making is i got d.m.'s coming right how long should i expect them to be here. how long they're considering that they're taking that into their analysis. now at the point that. they stepped up the analysis stepped up to code 3 would you agree that that's about the time that people began to congregate. i would have to look at the video yes probably around the same time so if the a mass was stepped up at 20212135 seconds it's about 90 seconds a

assets versus e.m..ve seen the performance come through the last couple of weeks, so we do think it's great to be focused on those regions that do look a little bit stronger from that perspective. that's why we have a preference for risk at this point. ultimately, we are confident that e.m. will play catch up, but the normalization path for these countries is a little bit more uncertain. mark: this is much more e.m. focused and it's an equity story. how do you think emerging markets effects will fare in the context that we are seeing many emerging markets in central banks be aggressive about turning hawkish and raising rates. do you currency markets will hold up better? jub: emfx have come under pressure in the first quarter. there are two main reasons for that. one is that we have had upside risk layout in the u.s. in terms of the growth. we've had upside surprises in terms of the vaccine rollout, the pace has been very strong and on the fiscal side we have had a lot come through. so the u.s. is looking

haidi: e.m. is such a wide space. so where exactly?we believe in burley diversifying global portfolio. while the majority would be in developed markets, we increased our allocation into emerging markets. in far east asia as well. we expect consumer spending will be robust there as i predict it to be here in the u.s. i think consumers are going to spend a lot more than what even the bullish, the most bullish analysts predict. so we expect a lot of activity. haidi: geographically are there certain segments you are looking at for most opportunity? jimmy: like i said, we invest broadly across the world and in emerging markets we do not try to overweight too much into certain countries, but we do as a sector overall. so we had increased our allocation to the emerging markets. i think that this year could be the year that we have, again, a catch-up of the foreign markets to the united states. but we are still bullish on the u.s. and economic activity, as i said, i think will be very robust. one of the issues that i am worried about is, are b

it is hard for that not to spill over to the benefit of e.m..re's a lot of idiosyncratic risk here. you look at vaccination, caseloads. think that will affect willingness to engage in higher parts of the bond market in e.m., higher yield in currencies, how can control of the pandemic are we in these countries. but our strategists and portfolio managers are still quite bullish, even if the dollar doesn't supply all of that supply we getting. we will still get asset appreciation this year. tom: the great mystery is the basic idea of extrapolating past q2 into q3, to the total mystery of q4 into 2022. you've got a nuveen network of research across the station. you've got every resource of /i -- of tiaa. can you give us a better outlook on what we will see next year? brian: i think it is about how aggressive does the bond market get in pricing the fed about-face tom: are you calling for that -- the fed about-face. tom: are you calling for that? brian: no, we think 2% is a reasonable level, and i think a benign level for other markets. reddit markets

there has got to be a tradable debt on e.m. away from the derivative clock.the tradable debt right now? tom: i think you take what the market gives you. investment grade in solving credit has come off quite considerably. you are going to have to allocate a little more capital. tom: a reminder, gonzaga is going to get it done. tom: the only reason he is on us is because his bracket is worse than mine. let me give you a one minute view from the market. so many markets closed today, but a very eventful news flow in the united states. secretary yellen speaking at 11:00. this will be an interesting kickoff to administration rhetoric on the infrastructure bill. the market celebrates off of 900,000 bodies warm. dow futures advance through the entire morning. i have a 1.3% move on the russell at 2000. we had a 59 print on west texas. coming up, someone i always lean forward and listen to, mr. marks will join. to stay with us on radio and television. douglas cass on the boston red sox, later on bloomberg radio. good morning. ♪ wanna help kids get their homework done?

we have been deficient in our e.m. coverage. you are expert with this with your heritage, and miramar, and with the pandemic. what should we do? win: the e.m. story is complicated. typically strong growth with u.s. and china. that's typically positive for emerging markets, but we see a real divergence. by that, the imf recently got its updated world economic forecast and the developed world forecast was marked up but marked down emerging-market forecast. that is rare because of the pandemic. we know india, brazil, emerging markets are struggling, so it is a sad situation that it looks like the rich countries are going to do well coming up and the poor countries, especially the frontier countries, are going to suffer and have trouble controlling the virus. to make a long story short, it is all about emerging markets, korea, taiwan, will do well. some of the more developing countries will struggle. it is a really tough story to tell right now. lisa: which nations do you see as perhaps facing the biggest struggles ahead based on th

time correct yes or that would include maybe waiting for other officers to arrive yes or waiting for e.m.'s to arrive. i don't know about we don't have our no. you also train in the training department officers on the what are called the human factors of force correct yes or and generally can you describe what the human factors of force are i guess are. in balls you know either stop startle response to the officer or getting scared or having. an adrenaline rush or get adrenaline dump in their body. and it affects your cognitive physical abilities in when you encounter stress like that so it's fair to say that when an officer is engaged in a use of force incident his or her him or herself they may experience a rush of adrenaline as well yes you've experienced that yourself yes or and after a situation has calmed down to some degree officer experiences an adrenaline rush or docs use. good judgment and continue to course of the body yes and at some point it leads yes or no and that adrenaline officers are trained on distract yes that's a part of the standard training for both were recruit o

what resources do i have based upon how close am i to a hospital what's the expected time if i call e.m.'s because a pleat reasonable police officer at times they have to put the person in their squad car sometimes and take them because they're farther away calling for help bringing help in would take longer than it would simply to take the person directly . and then you look at the direct knowledge that a reasonable police officer would have at the precise moment force was used that includes information that they gather from dispatch. their direct observations of the scene the subjects and the current surroundings they have to take into consideration whether they suspect the suspect was under the influence of a controlled substance they can take into consideration because again this is a dynamic and ever changing just like life things change it's a dynamic situation fluid they take into account their experience with the subject at the beginning the middle the end they try to a reasonable police officer tries to predict or is at least cognizant and concerned about future behavior based

sometimes an officer has called for e.m.'s cracked that's right and sometimes an officer may hold a person using their body weight to restrain them awaiting the arrival of v.m.s. or yes or you've done that yourself i am and sometimes you have to try or is it fair to say that you've had to train officers to use their body weight to continue holding them until m s arrives. as long as needed to control them yes. you would agree that. a scene where force is been used in a crowd can congregates and is voicing their displeasure or their concern or whatever you want to say that can be a chaotic situation for an officer or a yes or no and you would agree also that what you train minneapolis police officers to do relevant to their use of force. is to consider the totality of the circumstances agreed yes or and you train officers that the decision to use force is from their perspective. yes or not the perspective hindsight being 2020 that's occurred that's the specific policy of minneapolis police department. versus commerce or not tha

instant relative to the emergency medical response minneapolis police officers are required to request e.m.'s as soon as practical correct and so there may be certain things that prevent an officer from calling in a mess right now. so both of the medical policies are somewhat qualified or contingent upon what's going on at the scene at the time right. now in terms of this exhibit want to leaven which is the c.p.r. presentation that you've presented. turned to. return to. bits to 1856 down at the bottom there there is a reference to agonal breathing yes what is agony. reading and reading is something you'll see in somebody who is on responsive and they're in some sort of respiratory distress that we see this quite often with opiate overdoses medical emergencies what have you and can you describe what exactly akon all breathing if it's. well i mean it's kind of a bad term for it because it's not affective breathing it's more of. kind of you know right now or gasp for air or really just calling your brains last ditch effort to try pulls them in a person observing someone going through agnel b

your job sort of on a day to day basis what do you do as a paramedic have been e.m.'s. but i work with my partner on an ambulance we respond to. one calls primarily medical emergencies and provide care to patients transport them to the hospital. what kinds of calls do you get you said medical calls very good anything somebody thought i don't want for. have some of those it's been a. life threatening type of urgency is going to have some of that. cardiac in nature yes. drug overdoses things like that you know other types of things that it's that you respond. for us. mental health problems including that as well. what do you what is your primary objective what is your job when you go out to the scene as a paramedic. to provide. patient and but him safely to a hospital appropriate hospital they need to go to and. also advocate for them when i need to. and when you say advocate when he met has been sure that their complaint or their problem is her. communicating effectively to receiving hospital as to why they're and emergency room so when you when you're talking about advo

those holding for e.m.'s excuse officers from continuing to use this decision making model about the use of force and of those. holding for either mass excuse officers from using other resources like other officers at the scene to you. you're asked about handcuffs if handcuffs are not properly locked can they tighten. can they've loosened. us or if they're properly. connected can they loose. then come open. but if they're locked can they still tell you the truth if they're not i think the terms double row. based on your review of the body cams did you see any need for officer showmen to improvise by putting his new mr forward for 9 minutes and 29 seconds no i don't know. anything for. him is that done. over. so there ends i would say the most damning testimony so far all of these 5 days of the derek sherman trial well 4 and a half days let's say at this point lieutenant richard zimmerman a 30 year veteran of the minneapolis police force well known in the city well respected. who and i've said this earlier sa

let's check in on emerging markets we are seeing stocks in the e.m.her, jp morgan flagging a bleaker outlook for e.m., increasing domestic challenges the city a rising rate environment. the bank has cut emerging currencies with russia, ukraine tensions along with the master policy. jp morgan saying near-term prospects -- [indiscernible] [indiscernible] haidi: much more to come on daybreak asia. this is bloomberg. ♪ shery: mounting concern has fueled a record tumble in one companies dollar bond, stoking peers of contagion. a reporter joins us. why are investors panicking? >> this has been a pretty extraordinary event for chinese markets. huarong is a borrower, it has seen as essential to beijing's ambitions to shaping up its financial market. if bonds are trading and stress territory --there are two things happening. investors were spooked. investors have complained that there has been no insight to what is really happening, and that has stokes panic. the second thing about haurong's it has been seen as an important part of china's financial market. it

this is the place to look something else that people should keep in mind if there's spotty sparse of e.m., as it catches up to the u.s., the big tech names not some men that it's not been as volatility as it was something had referenced tesla i know -- it's a referendum on high valuation high multiple growth >> tesla classifies it slough as one of these company that is has underperformed tesla is basically it's own index. it's allowed for amazon to move sideways it's allowed for apple to be below -- i look at all of that maybe they break out and other areas -- don't see detrimental outflowing because of that that's a little bit parabolic in its nature i would suggest it's problematic the second half of the year, but that's a low probability scenario >> jim, who has the most pressure this week is it apple. one analyst report is talking about expectation being increasingly low. >> and so, you know, the bull thesis is there's a lot of stimulus checks in people's possibilities out there. they want the latest and greatest phones. phones are more important than ever i know some people will loo

demanded an immediate end to violence against civilians in myanmar as an emergency summit and to cosset as e.m. bloc agreed there must be dialogue to work towards a peaceful solution to end a deepening political humanitarian crisis. and the situation in myanmar is unacceptable and should not continue violence must be stopped democracy stability and peace in the me and modern must be returned immediately the interest of the people of myanmar must always be the prerogative india has set yet another global record number of new cases a staggering 346000 in 24 hours many people are being admitted to hospitals family members have been caring for them on the streets outside corona virus deaths are also rising in argentina as hospital struggle to keep up with the numbers of patients intensive care beds at one hospital near one as there is for. russia is due to close access to the current straits in the coming hour in order to conduct military exercises of violating a treaty with ukraine moscow says it will still allow merchant ships to pass through or to access ukraine's ports in the sea of as old new

>> let's be clear, china represents 19% of the 2.4 trillion dollar market for e.m. dollar debt.ent has been cracking down on leveraging the financial system. one of the dangers for the asset management companies that was established back post-97 is the financial crisis. what we are seeing here is quite frankly is the asset manager companies and the soa's, all chinese issuers of dollar debt. i thing i have to be clear here, that is the pledge to keep the offshore subsidiary that keeps the bond solvent in distress. we will see that here for sure. alix: is that what investors are expecting? damian: i think they have to. not doing so would be catastrophic for creditors and eliminate china from the global bond market. china local to 12.1 billion last or that was 50% -- 57% of all onshore payments. we are talking about tencent holding off on a $4 billion bond deal. the $500 million bond on monday, 1.7 billion dollar order. we will see differentiation going forward between strong and weak hands in china. we are probably expecting something on the 57% on dollar bondholders. i don't thin

she is beyond concerned about not third world, but in e.m. behind the pandemic. is that your anecdotal evidence at standard charter, that that part of the world is behind? >> i think it's a critical question. the way we are thing about the world at the moment is you will see a fairly significant economic recovery in local terms as you are talking about but the key factor is there is such a wide gap between the haves and the have-nots. you have countries in asia like china and india that will come out of this crisis with very strong growth. the u.s. the same. there are large parts of the emerging markets that are still struggling. parts of sub-saharan africa, latin america, etc.. the gap between those performing well and those still struggling is growing by the day. tom: let's go back to princeton economic history. cap the lantern lit as economic history died for decades. i want to talk about this idea of the divergence and the new phrase we are seeing once again. we are seeing a locomotive america. how does a locomotive america attached the rest of the terrain? e

vaccination, the threat of the variants, and people have generally given up on ian equities in the last -- on e.muities in the last few months or so. we have seen quite a correction. so i would broaden my investment beyond europe to emerging markets now. guy: does that include india? because india is a real problem right now in terms of the virus, but the sentiment remains relatively elevated. anwiti: i would not start adding to india quite yet. it is really quite elevated. it hasn't fully reflected what we are seeing in the threat of the virus, and we haven't really seen any improvement from the lockdown's. the lockdowns have really just started again in india. alix: we are going to get you back to talk more about that as well. anwiti bahuguna, columbia threadneedle head of multi-asset strategy. this is bloomberg. ♪ guy: european equities climbing into the close here. the u.s. is starting to pick up the pace a bit. that is being worth like that here as well. you are seeing more of the defensive names coming off a bit today. the close is next. this is bloomberg. ♪ (announcer) back pain hurts. you

usually taking your review if if an officer uses the maximal restraint technique and e.m.'s has to come the officers have to remove that potential correct and back in the way medical treatment sure. now again in your 27 years as a police officer have you had to deal with. crowds of people that form and watch your activity yes in your experience as a police officer especially in the more recent era have you been in a situation where bystanders begin to film you and your activities yes does that happen more and more these days than it did 5 years ago yes and have you been in a situation in your career as a law enforcement officer where the crowd starts to yell at us or becomes a little more volatile. as an officer does that cause you concern yes. generally speaking as again an officer with 27 years of experience if you're dealing with one potential suspect and then a new perceived threat emerges but you know that person needs medical attention do you deal with the medical attention and ignore the threat or do you deal with the threat and then deal with the medical. i guess yo

one market that we think is not priced in, where there is still risk premium, is in e.m.ocal debt. that is a market we have recently upgraded on the emerging-market side. that's one area where i still think there's some padding. jonathan: as we await opening remarks from the president of the united states at the global climate summit, the vice president speaking right now. you are looking at peak growth in the united states. does that mean one thing for the equity market and something else for the bond market? do those two asset classes read into that differently? andrew: potentially because i do think the bond market is directly linked or heavily influenced by what the federal reserve does, where i think the equity market will be influenced by both the fed, but also the progression of earnings and another of -- and a number of other factors. this is a component of my colleague mike wilson's downgrade on small caps, just the concern that the market picture is going to get more complicated. you have costs rising in the supply chain, and those costs are not going to be equa

beds all went to lay down all ventilator that occupied there are no beds on the in the wards are what e.m. against your room is full of patients they have don't have to pull you know even if they don't it's advice you on the ward speak if you want to send them somebody else that has no organized way of sending them away and all these patients are were what they had in the e.r. all those who need our amounts of oxygen or actually would need a ventilator bed i.c.u. bed if they could get one. so so that is the situation we are losing patients weekly we could save because that is you know no x. i mean that the numbers are all build up ations lining up the novel image and it will broaden ed because they have been running from hospital to hospital in an ambulance out in that it oxygen cylinders trying to get a bed and they either on our oxygen or on or off that aisle question was not enough for them and are there cases where so severe so it's a devastating situation absolutely in that sense of what young resident doctors all of nurses that are totally calm or dies by death i think are doing as

but you still are bullish on high-yield bonds, on e.m. sovereign junk that.that -- junk debt. why is that? does your dollar view play into that? althea: at the moment, there is nothing else to buy in the fixed income space. the breakeven rate is around 2.4%. if you look at high-grade corporate yields, they offer around 2% for an average duration of eight years. basically what it is saying is that all the yield you get in the investment grade space is going to be eroded by inflation. the only space where can create a buffer against rising breakeven, rising inflation expectations, is within junk. in the junk space, you can get 5% in yields with an average duration of 3.5 years. basically, you will be able to short term duration sensibly in your portfolio and make it much more resilient against interest rate changes. mark: in the context of i share some of matt's cynicism towards excitement around five minutes. based on your own comments about the data, do you think fed commentary for the next month or two is kind of irrelevant? we should not bother paying atten

we have seen from a number of emerging market countries at g-20 levels, we are seeing e.m.f d.m. when it comes to turning the corner and getting into tightening? >> absolutely. that has been a theme in the last month or so. they are leading this hawkish shift. brazil is a unique case because they have such currency weakness and they have such domestic problems around the pandemic. they are worried about that path through. on that front, it is interesting. our brazil stat just says that local traders are desperate to buy back into the brazil story. they are looking for a positive reason. there just aren't many positive reasons out there in brazil at the moment. anna: certainly a lot of gloom surrounding covid in that part of the world. let's talk about the bank earnings seasons. results season kicks off for u.s. banks, jpmorgan, goldman and wells fargo report before the bell. they aring fored by city group. dani, you have been pouring over the details of what we expect. another strong quarter for profits, is that on the card? >> banner quarter. expectations are very high at

is your gauge or your best assumption of what the greenback does and how that plays out across the e.mmplex the prices that have been seen. emily: starting with the dollar, it has been a tough call, but we are sticking with the more bearish call. the move we have seen was in the short-term in nature and predicated on the u.s. exceptionalism story where you have a combination of really significant repricing of growth expectations that happened between january and march. as anticipate the better growth outcome and potential and encouraging fed pricing further down the line. i think a lot of the good news is already in the price. the story is pretty well appreciated and we had a pretty good payroll last week. the dollar has not moved that much as of late. it seems that most of that is in the price. that provides a huge tailwind with emerging markets on the currency side since this has been a major pressure point we have been watching. when it comes to the renminbi, it is something to watch given that china is going to start fully normalizing policy in the coming months, so we do not expec

virus data revealing a bleak picture when it comes to e.m.'uding any at which not accounts for 1/5 of all cases globally. in addition, developing countries are also rolling out cobit shots at a slower pace --covid-19 shots at a slower pace. you can see the seven-day average of new cases topping 120,000. india sing a record number of new cases and recent days. i want to bring in the head of asia research at amz. this coupled with less access and a slower rollout of the coronavirus vaccine programs in places like india, does the set us up for a bifurcated state of recovery, in asia? >> i believe it does. the recovery nature is still entrenched, i am confident we will see a recovery in 2021. however, it is going to be uneven across the board. it is going to very much depend on how these recent resurgence this in cases in india and the philippines and we are starting to see our fourth wave in south korea, it is important to see how these play out. we also know a vaccine rollout has been slow in emerging economies. and particularly in some parts of