jane foley stays with us. -- thank you so much. jane foley stays with us.onald trump said to ending another obama era program. the details to come. what is the proposition he will put to congress? this is bloomberg. ♪ ♪ anna: welcome back, everybody. we are seeing money going into the japanese currency, some of the other safe havens also the what -- looking popular for a second date in a row following the activity on the korean peninsula. let's check in on the market action. nejra cehic shows -- joint this. nejra: we are seeing a second day of declines for asian equities, not quite as much as where we were yesterday, but they'll the msci asia-pacific index softer overall. you can see more industry groups in the red than the green. if we look at the industry distribution on the imac. some weakness in japanese equities combat some gains on hong kong and china. aversion inome risk the asian session. taking a look at safe havens you are mentioning. you were talking about the yen. it has gained against the dollar, but this chart is showing the nominal effective

with me is jane foley, senior fx strategist, rabo bank. good to see you. good morning.orea accusing the united states of warmongering after this tweet by donald trump. it read time we think the tensions of deep, they simply pick back up. —— every time we think the tensions dip. yes, this was that speech at the united nations, there we re speech at the united nations, there were other dignitaries who felt that trump's words were inappropriate given the venue, and north korea has certainly taken that time. we did have a bit of a response in the financial markets yesterday with these headlines. in the old days, before donald trump, the language was always about the moral high ground being taken by america. at the moment you could pretty much interchange the remarks between donald trump and kim jong—un, and either man could say them. yes, and there is this fear that both these men, with this aggressive rhetoric, are backing themselves into corners. where is it going to end and who is going to back down first? international airspace, that is a situation which potentially cou

jane foley is senior currency strategist at rabobank.there about the news of stanley fischer resigning, going sooner than expected. he was expected to finish his term last year —— next year. he said in his personal letter that it was personal reasons but we have no more clues. we do know that there is a difference of opinion between him and donald trump on regulation. after the financial crisis there was a big move to stop the crisis happening again. the trump administration is about getting back some of that regulation. many bankers including stanley fischer are quite vocal and have been opposed to this. that is interesting because of the head of the fed saying we should not wind back that regulation and her term is coming up in february. yes, his own -- hers is ending early next year. she has other common ground with donald trump, meaning she likes interest rates to be lower for longer. donald trump likes the dollar to be weak, which it is right now, and that might impact on things with donald trump. we have got to fill stanley fischer

jane foley is a senior strategist at rabobank. puts a number on that for today's data and says this month wages are down 0.4% in real terms, when inflation is taken into consideration. if you push that the time of the financial crisis, that means we are 3% brora in terms of our purchasing power of our wages and that is a conundrum for the bank of england because yesterday we had that strong cpi inflation data, up 2.9%, well above their target, but it is not coming through in real wages so what we're seeing is inflation going up because of import costs, because of last year's fall in sterling, and our purchasing power is not keeping up. we are getting poorer and that means consumption and demand at home is probably going to be relatively weak. that is the issue, what we all start to feel it, because we get to the point where we think, i've got less money in my pocket at the end of the week, that they know was going to buy from the supermarket or the restaurant i was going to go to, i can't afford it this week. that's exactly it. ma

fodor steven mark fogel thomas foley jane c. follow jer david j.onald a. foreman christopher hugh forsythe claudia alicia foster noel john foster sandra n. foster ana fosteris robert joseph foti jeffrey fox virginia fox pauline francis virgin francis gary jay frank morton h. frank peter christopher frank collin l. frazier richard k. fraser kevin j. frawley clyde frazier jr. lillian inez frederick andrew fredericks tamitha freemen brett owen freiman peter l. freund arlene eva fried >> and my husband alan wayne friedlander dad to steven and laura and now grand feerj matthew and andrew. >> and my father, jonathan r. home man, your devotion to god and your family was a testament to your faith in life and in death. >> i love you and i miss you. andrew keith friedman paul j. friedman gregg j. froehner lisa anne frost peter christian fry clement a. fumando steven elliot furman paul james furmato karleton d.b. fyfe fredric gabler richard peter gabriel richard samuel frederick gabrielle james andrew gadiel pamela lee gaff ervin vincent gailliard deanna lynn