geoffrey yu, head of u.k.t office at ubs wealth management will stick around and join us later when he comes to radio. matt: excellent. of next is the world largest wind turbine maker. it announces a buy back. we speak to the ceo. we have been talking about these windmills. do you appreciate them as works of art? do they enhance the world in which you live? tell us what you think or put any questions you have for anders runevad, the ceo of vestas. this is bloomberg. ♪ ♪ track your pack. set a curfew, or two. make dinner-time device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. introducing xfinity xfi. amazing speed, coverage and control. change the way you wifi. xfinity. the future of awesome. matt: business breakup. donald trump's business councils after the president's comments on schroeder's bill does this mean for regulation? what does this mean for tax reform? the inflation puzzle. minutes show the fomc remains confused and divided as to why than 2%.se still less will jacks

david: thank you so much good let's get back to our guest host, geoffrey yu and holger schmieding bothlondon could let me start with you, geoffrey, and ask you about the ways investors are pricing what is happening with the fed in the u.s.. you mentioned the jobs report last week another is speculation about when the fed will unwind the balance sheet if that will be september are later. how are investors preparing themselves for when that occurs and the ramifications? geoffrey: what i am surprised by lack ofisk -- or the risk being priced into markets. things are much better in the u.s.. justems like investors are steady as she goes and not much going to change. what is the threshold for when u.s. data starts to surprise on the upside? especially when wage growth translates into consumption growth? are we braced for that? i don't think we are. david: you are saying steady as she goes. let me ask with regard to -- doion and jobs, we had you see anything that could change the course of the downward trajectory? not.r: probably we will have more people coming back onto the labor market in

jeffriesvid owens of and geoffrey yu of ubs.g up, we will be talking with charlie falconer, former lord chancellor of england. we will be talking to them about how he will resolve brexit disputes. live from new york and from london, this is bloomberg. ♪ emma: this is "bloomberg daybreak." i have emma chandra. coming, an interview with sir the wpporrell on earnings. david: china has been at the center of president trump's agenda since before he was elected. with demands in the trade relations, demands that the chinese get upgraded to give up nuclear weapons, and even as president trump try this week to help with you is investing, china plays a role because pakistan has increasing relations with china as well. what it is to lead a western country dealing with china, nobody knows more than kevin rudd does. he heads the asia society. welcome back, mr. prime minister. good to have you. kevin: good to be here. david: it all seems to lead back to china. new strategy in afghanistan, but we really need pakistan to help. do we have the pr