we will be talking to gene frieda at pimco.his is bloomberg. ♪ ♪ mark: live from london, i am mark barton. vonnie: i am vonnie quinn new york. this is "bloomberg markets." people familiar with the traits that between the u.s. and beijing says beijing is looking at a gradual decrease in the juan. joining us now is gene frieda from pimco europe. he is joining us in new york today. is there any situation where china would need to devalue its yuan? how much larger would tariffs have to get for china to do that? gene: i look at all the possibilities as one package. the chinese are trying to keep this dispute as trade focus. their concern is that the u.s. is trying to bring in taiwan and other issues that are of strategic importance. it is natural for china to start putting other options on the table including the exchange rate. it matters how much we escalate up the scale in terms of broader action. vonnie: how much more has happened globally before he gets to devaluing the yuan? analysts are talking about weaponize in the currency.

>> it may be her portrayal of the mexican painter, frieda kahlo created the most attention. >> itch you with you buzz you have taken me under your wing, you're wrong. >> she produced the movie and earned academy award nomination for best actress. >> i just, something inside of me, just knew i had to do that one. it was an obsession. it was an obsession. >> so you had to work for eight years. >> eight years. >> to get it off the ground? >> yes. she made headlines in december with "the new york times" op-ed piece about the price she paid to work on frieda with producer harvey weinstein. which she wrote, involved many inappropriate sexual demand. charges weinstein denied. but that essay, helps propel a movement. >> and, the most exciting part for me, is that when the world saw all of these women that are so visible, because it is hollywood, coming together, say, guys, this is not okay. we take the power in our hand. to say, this stops now. >> in 2009, she married france wa henri pinot, billionaire, company include. gucci, stella mccartney. >> today, salma hayak pinot, her p production comp

by frieda's and the meeting room at nine thirty eight this morning. president. former. introduced to the supreme leader a piece of art on the wall from one. president mean father explained this piece of art. takes inspiration from means i'm sort of well done. you me right. when you buy the stuff and explain the meaning behind the. photo. wall the pain soon you. may want to know its connection to your site still hold. and you are that connection to. the president and also states that we took care on every deal tell you which of the . you and i asked how was your. case all about what. the supreme leader explained i took the car cost me the. modest and president stated i don't you must have left very early here all we thought was that he saw as the father added i'm only fifty two claw their way. down so it only took me about an hour. that will not get saw. this. summer so it's. the that kim exclaimed yes i heard. about it i haven't had much sleep. going to all the meetings leading up to this summit and all. his shows saw appropriate but i get all this and he also added now

. >> they helped -- they recruited teresa and frieda to start this lifting them out of the i.f.c. they said this is a great strategy, there's a market for this and please bring it to market and we'll be your seed invest or just call capital when you have investments to make. russell reed did that. >> did they get rights for that and reduced fees and on any ownership? >> they did get ownership. it was part of their activist portfolio. they have since gotten rid of their activist portfolio and the only managers that they retain in the activist portfolio is cartica. >> but they still have ownership. >> they did have ownership but they realized a few years ago that there are a lot of conflicts. when you have ownership of a company, and you are under performing it's hard to terminate that relationship. so a few years ago they sold their ownership. >> i didn't see that in the material. any of that information. this is important information. >> it really is. >> sure, all right. >> i mentioned that their initial investment was calpers. >> this did come through the search process. it's not