noel koran from invesco iain , stealey, and jose rasco. and coming up, the auction block.igh-yield is heating up and spain gets record orders for its offerings. this is "bloomberg real yield." ♪ taylor: i'm taylor riggs. this is "bloomberg real yield." i want to head over to the auction block, where that drought in high-yield is over. a top headlines this week saw the most u.s. junk-bond issuance since early august. it sold bonds to refinance some of its money $1 billion debt load in an upside deal. meanwhile in europe, ibm helped to wake europe's slumbering corporate bond market. the region's biggest sales since the company sold its largest march. eurobond deal ever. and spain got record orders, about $53 billion in the 10-year sovereign bond sale. investors clamoring for that extra yield by periphery euro area debt. while i am at the desk in new york this week of course, , jonathan ferro, he was out with tom keene at the world economic forum in davos, switzerland. they caught up with guggenheim's cio scott minard to ask him about the leveraged loan market in 2019. scott:

noelle corum from invesco, jose rasco from hsbc private bank americas, and iain stealey from jpmorgansset management. and let's get a check on where the bond markets have been this week. you can see yields coming down across the curve on a weekly basis. two-year, 2.59. 10 year, 2.75. and 30-year at 3.06. not yet touching the key three handle. and still ahead, the final spread. the week ahead features u.s.-china trade talks, the fomc meeting, and the u.s. jobs report. this is "bloomberg real yield." ♪ taylor: i'm taylor riggs. this is "bloomberg real yield." time for the final spread. coming up over the next week, there will be another round of earnings, plus we'll get comments from the fed's jay powell and ecb's mario draghi. of course, don't forget there will be u.s.-china trade talks, a brexit vote in the u.k., and the u.s. jobs report. still with me, noelle corum from inesco, jose rasco from private bank americas, and iain stealey from jpmorgan asset management. the fed coming up next week in the u.s. jobs report and the shutdown. does any of that change your scenario for jay powel

noelle corum from invesco, jose rasco from hsbc, and iain stealey from jpmorgan.york, that does it for us. we will see you next friday at 1:00 p.m. new york time, 6:00 in london. this is bloomberg. ♪ amazon prime video is now on xfinity x1. so when you say words like... show me best of prime video into this... you'll see awesome stuff like this. discover prime originals like the emmy-winning the marvelous mrs. maisel... tom clancy's jack ryan... and the man in the high castle. all in the same place as your live tv. its all included with your amazon prime membership. that's how xfinity makes tv... simple. easy. awesome. manus: you are watching the "best of bloomberg: middle east." these are the major stories driving our headlines. it is davos week and trade tensions are dominating. the boj governor warns amid temp nations. the head of the qatar investment authority says he is talking to solve the gcc crisis. aramco is gearing up for its takeover of the region's biggest company, sabic. ♪

noelle corum from invesco, jose rasco from hsbc, and iain stealey from jpmorgan.k, that does it for us. see you next friday at 1:00 your time, 6:00 in london. live photos of the rose garden where president trump is set to speak to reporters in a few moments. reports that a tentative deal has been reached to open the government. this is bloomberg. ♪ i'm mark crumpton with bloomberg's first word news. we expect to hear from president trump this afternoon. white house press secretary a sarah huckabee sanders says the president will make remarks regarding the government shutdown. we will bring you that live here on bloomberg television. it's expected to begin moments from now. former trump advisor roger stone says he believes his arrest in the special counsel's russia probe was politically motivated. he says he will not plead guilty and will fight the charges. stone spoke to reporters after he was released from a florida courthouse today as protesters tried to drown him out with chants of "lock him up." accused ofsely making false statements during my testimony to the

christinaooper with invesco, thanks again for joining us tonight. >> thank you. >>> more nown those trade talks. the u.s. delegation arrived in china for those discussions aimed at ending the teneons that hmposed billions of dollars in tariffs over the past year. >> reporter: this is the first face-to-face meeting between the u.s. and china sinceum presiden and president xi sat down for dinner at the g20. trump discussed the prospects of a deal during a tretreat camp david over the weekend and he reporters that he is hopeful. >> my relationship with president xi is as good as any relationship that a president here has had with a president or leader in china. and i think good things are ting to happen. >> reporter: as f chinese, the finance ministry says it has, quot f goodth in these two days of talks, which are more of a technical meeting of senior officials. deputy u.s. trade representative effrey garrish is leading the delegation. there are folks from treasury, agriculture, energy and state. one goodsign, the chinese vice premier joined theor talks a little bit. the expectation is that

swagger and also what about the rule of the army in venezuela any indication who they are supporting invesco moyes. well of the hyde military. officials are supporting my daughter and a lot of them have economic interests and political interest in the country as well the issue i spoke with them had a military ranks is that they are being investigated in federal crimes against human rights so they have. interest in supporting a little however the defense minister yesterday announced that support from other would on a tweet not on a formal. event as we are expecting today to hear from him so that leaves a lot of questions to people as to where the military is one. in their support this goes to one of the military will be key in resulting this come six v.w. sort of funding especially in caracas thank you very much. the events in venezuela could overshadow the pope's visit to nearby panama one of the countries which has recognized the new interim leader the pontiff isn't panama to set a bit world youth day with some two hundred thousand young washed present specter to attend he is he will delive

you want broader exposure there are equal weight alternatives >> the best is the rye which is the invescoor etf. >> 30 stocks but equally weighted >> equally waeighted. it's a lot more broadly exposed. >> when you get these equal weighted names, when you get a big down market, the small cap names go down even more. when you get an up market, it will out perform that's been out performing that. >> that tends to be what we see. the smaller exposure adviser teo give you more juice. >> it's an investing strategy. you're selling your winners after a certain period of time they reweight after a quarter? >> it's a quarterly re-weight. you are selling some of your winners. that's a time honored tradition for investors. >> very important business that we're going into thanks very much we'll talk more about etfs on our big live show. we're hitting everything from the bio tech boom to volatility. looking forward to doing this. >> nobody to do it better than you, bob good stuff good luck. we appreciate it very much halftime report is back right after this >>> welcome back it's been a period of unease

bloomberg television is sponsored by invesco qqq. ♪ >> 30 minutes left in the european trading day.on, i'm guy johnson. taylor: i'm taylor riggs. this is the european close on "bloomberg markets." vonnie: let's talk about the reading --guy: let's talk about the reaction in european markets. big reaction to mario draghi and his press conference earlier. you can see the rollover we saw during mario draghi's press conference. it bounced back a little bit after draghi said we do still have tools in the toolbox. it is going to be interesting to see what the next couple of meetings deliver in terms of the message coming out. i want to show you what some of the other asset prices look like right now. let's show you what is happening with the stoxx 600. in europe, up by about 1/10 of 1%. some continental markets doing a bit better. tech doing very well to buy.

coming to my terminal, we have chinese index, etfs, baidu, alibaba, the big stocks, and then the invescoa u.s. technology, like all the stocks, apple, microsoft and intel. on the bottom of the screen is where it gets interesting. that is correlation. one is you move perfectly positively together. we're the point a. that is a really high correlation meaning these stocks are really starting to move together. i think it's globalization. carol: i think you really saw that with the negative apple news and all the suppliers around the world react, many of them. jason: and you get the sense these companies are connected in ways we didn't fully anticipate, across borders. we heard that from tim cook around the apple announcement. >> i think it's supply chain. like you were saying they can all move up together and they can all move down together. carol: it's definitely worth watching. thanks so much. coming up next, how paypal escaped obscurity by embracing its competitors. jason: ahead, garages around the world refitting vintage cars with electric batteries. carol: this is "bloomberg businesswee

so coming to my terminal, we have chinese technology etf's all the big stocks, and then , the invescotf, a u.s. technology, like all the stocks, apple, microsoft and intel. on the bottom of the screen is where it gets interesting. you move positively together. we are at .8. that's a high correlation meaning they are starting to move together. i think it's globalization. carol: you saw suppliers around the world react to the negative apple news. jason: maybe they are connected in ways that we didn't fully anticipate across borders. we heard that from tim cook. taylor: i think it's supply chain. like you were saying they can all move up together and they can all move down together. carol: it's definitely worth watching. thanks. coming up next, how paypal escaped obscurity by embracing its competitors. jason: refitting vintage cars with electric batteries. carol: this is "bloomberg businessweek." ♪ amazon prime video is now on xfinity x1. so when you say words like... show me best of prime video into this... you'll see awesome stuff like this. discover prime originals like the emmy-winni

the xop, exploration and production, up 15% invesco, psce, 17 in the oil fund xle, xoi up 14, 8, 8%.ndividual names. these are year to date returns, and it's only january, what, 9th? hess up 24%. concho up 20% and a patc apache. >>> paul, you were in opec we were together in that room in the basement we watched everybody come up and talk about the production cuts and then we watched the price of oil collapse are you surprised by this recent rebound? >> well, i think that, yes, somewhat we know that we're in a seasonably weak time we know that we started at a low as you said. christmas eve was the low on oil for the year so we started the year a bit on a low point. i think ultimately what's happened has been with the saudis, what the saudis has done for the market to that time, they surged. the question then was how much is saudi going to come back in terms of production and what we've seen is a couple of very clear statements of intent and actually less barrels on the market that has really been a big part of serving to offset the 1.3 million barrels a day. >> let's play a game, true

invesco they say he went through the front windshield of the car and into the passenger seat. rather than stopping and helping the woman, police say that the driver kept going with the victim injured in the front seat of his car. >> just as a human being, it is hard to fathom. >> it feels unfair. it feels like of course nobody deserves this. >> the driver drove three miles before abandoning the car. that is when she called 911 and finally received some help. the driver is being charged with dui, hit and run, and kidnapping. she is recovering in the hospital, but doctors do not know if she will ever walk again. >>> a uc berkeley study shows that the closure of the medical center would limit health care access for people who are low- income, elderly, and majorities in the east bay. the majority of patients are people of color. 41% are uninsured. the study says that there will be more crowding and emergency rooms in other hospitals. sutter health, which owns this is planning to shut it down by the year 2030. california hospitals must comply with new earthquake standards. they say

but the biggest impact will be in the $500 million invesco nasdaq internet, pnqi.5%. making it the single biggest holding there. those are some of the etfs that will have the biggest impact from the netflix trading today, david. back to you. >> thank you, dom chu. back at our headquarters >>> one week after closing its $57 billion acquisition of shire, takeda pharmaceutical here at the new york stock exchange it rang the opening bell the president and ceo christophe weber joins us here at post 9. >> thank you >> important component after deal activities at takeda is asset sales as much as $10 billion to deleverage and to potentially eliminate noncore assets tell us about your plans for that and how quickly you think you can get them done. >> 75% of our business is very strategic, very core so 25% of our revenue is noncore. we select some assets in this 25% to sell. it's a way to be more strategic, more focused it's also a way to help us deliberate more rapidly. >> when you speak about focus, when shire was potentially for sale, those who looked at the business and