you can make a judgment as a former president of the ifo institute, whether this will impact the ifo>> it could come up the indicator is not just a sentiment indicator. it is a questionnaire with 7000 report about their business contact. this is really hard data. i don't think it will be very much influenced by political phenomena. are your early thoughts on the prospects of coalition building? how quickly will it take, what sort of coalition might chancellor angela merkel end up with? >> originally, i had thought the old coalition was something that the democrats would continue to this is something mrs. merkel would prefer. but the losses of the social democrats were so enormous that they have now decided not to participate in a coalition. , becauseother option of the colors of the parties, party, more or less, the greens, yellow, which is the liberal party, which had enormous success in the elections. the fdp, the greens, csu maybe do not agree on all of the issues, how difficult of a balancing act will get be, what are the far-reaching consequences for the business community? a ve

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we have a report out of kgs security saying that ifo eight demand is stable and not week and at the streetaybe overall to bearish. that is getting a nice relief rally for some of the apple suppliers, helping that tech heavy nasdaq and some of the other big tech names. the top sector for the s&p 500 is not technology tha. financials of the best sector. the 10 year yield up six basis points. it is the biggest backup september 11. we are seeing a bit of a risk on day-to-day. hereis helping the banks and we have the banking sector and the financial sector up 1% as bonds selloff. investors really not going toward those havens but going toward gross year stoxcks. this is g #btv 1089. blue is gdp and white is the linda fed gdp now forecast -- atlanta fed gdp now forecast. the forecast just dropped and i'm going to toss it back to you. shery: abigail doolittle, thank you so much. david: president trump boarding air force one to head to indianapolis, indiana to speak on tax reform. we will carry those remarks on blumer television. breaking news about louisville. -- the head coach of that program ha

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worry, ifo really this is a strategic pause, hoping to get something out of the u.s.may not otherwise. it is still possible that missile could go off. it is the right now, dog that did not bark. what is happening more generally in washington? in the aftermath of that deal that trump made with democrats, there is a lot of people pointing to the fact that we could have bipartisanship coming, which could affect tax reform. and taxso with daca reform, were they seem to be more of a meeting of the minds between trump and the democrats and some republicans. tax reform will be difficult to get some support. core gop would cut taxes for the highest earners, and democrats will not vote for that. david: thank you, marty shanker. to help us sort out the latest from washington and pyongyang is david leibovitz of j.p. morgan. are we getting back to the trump trade and now? we see global inflation pick up, and that passes through into stronger u.s. inflation, there is the potential for cyclical parts of the market to rally. the divergence between the performance and financials coul