[laughter] up neil dwane of allie on, jane foley -- of all jane foley allianz, of rep. liz young of bny mellon. this is bloomberg. ♪ ♪ alix: welcome to "bloomberg daybreak" on this friday, february 14. i'm alix steel. let's take it from the top. >> some of the experts in our public health team are quite disappointed. we thought there was better transparency coming out of china, but there doesn't appear to be. alix: u.s. officials escalate criticism of china's response to the outbreak while the death toll rises to more than 1300. >> some of our businesses that rely on physical means of production on supply-side will show negative reckitt do -- will show negative revenue growth. alix: alibaba says the hit to growth could be sick for can. with a enters 2020 flattening economy is manufacturer's struggle. figure in q4 gdp is no surprise. the latest industrial figures and trend on the industrial side is really weak. alix: markets keep a close eye on the export pendant economy. do is workneed to with the u.k. economy as it transitions to this new world. alix: rbs changing its

with me, is jane foley, head of foreign exchange strategy at rabobank.e been looking through all the papers and of course the main story in most of the papers of the fact that donald trump has been acquitted of both articles in the senate impeachment trial. this is quite expected, but what was not expected that was that meet romney would vote really, to see donald trump found guilty. that was slightly unexpected but generally, really divided along party lines. indeed, as you would expect most people are of course have expected this result all the time because republicans lead the senate. so, what is quite interesting though and i think we knew this over the last week oi’ we knew this over the last week or $0 we knew this over the last week or so is that the republicans refused to call witnesses into the trial and i think at that point it was known that donald trump would really be acquitted. it has never really been much of a market event because of the assumption that he would be acquitted and what is interesting also is that donald trump ‘s popularity

jane foley, currency strategist from rabobank, joins me now.n you look at companies like juul which floated at a significant price, their share price has dropped dramatically. since this legislation was introduced and the board through. a few years ago these companies were considered to be the next big thing, vaping was considered to be safe and a good alternative and another good line for the tobacco industry. in the last few years there have been more and more incidents of reports of people getting ill and lung diseases, that sort of thing. it is not clear whether these reports are of people using illegal products but there has been backlash in the us and other countries. this report from the washington post indicates that in the last 30 days, 28% of high school kids have they put and that is a problem. they use the word epidemic to describe what is happening to the youth culture in the us. so this is the root of this partial ban. and this is why we are also seeing other lawmakers are saying the band simply does not go far enough and you need

joining us now is jane foley, senior currency strategist, rabobank.of people having to work out what that meant. what do the markets make of it all? we saw sterling push higher on the news and also the government bond market sell off. the reason for that is the markets anticipation that perhaps a new chancellor will be spending more money. we have known for a while that there has been some tension between number 11 and number 10 downing st. we saw on the 30th of january, we saw the old chancellor say to other department that they need to rain back spending. that perhaps didn't go down very well with downing street, who have made various electoral pledges that spending would go up. of course, growth this year has been revised lower. the bank of england at the end of january revised to lower the forecast for inflation, less money into the government's offer so less room for the chancellor to play with. it does seem like this new chancellor could be about to tear up the fiscal rules of sajid javid. what is clear is it would seem to be a concentration of

still with us, jane foley from rabobank and kallum pickering from berenberg.now if this has an impact on your, but if you have , but this- on euros could go a little way toward helping the block. jane: if you look at the weakness in the year over the last few years, it is certainly -- these are all in the mix. i think in particular with italy, when it is making euroines, it is a negative factor. whether due to labor market reforms are the political situation, when it comes to the banking sector in europe, you have structural issues which over time need to be resolved. there are two consequences. first, do you worry about the transition mechanism for the ecb, which is trying to stimulate european demand? while you might think that is going to be a problem, if you look at the economic and money data in europe, you do not see supplied side there supply-side issues. it is mainly demand-side. so far the ecb is not having trouble pushing the stimulus through. i worry that during the next downturn this transition mechanism gets very gummed up because of the structura

this year's gains were wiped out. ,oining us now is jane foley head of fx strategy, rabobank.lso nathalie macdermott, academic clinical lecturer, king's college london and simon french, chief economist, panmure gordon & co. i have seen a couple of banks putting out notes saying they are readjusting their forecast. and is thatjusting, a case of it gets worse? head of fx strategy, rabobank banks are of the adjusting their forecast. the dollar is a good safe haven for a lot of people. the swiss franc was the case, but the dollar has more yield for investors, and looking at the news flow last week, with respect to japan, that news was too close to home. the yen gave up some of its safe haven. dollar strength will be there for as long as the coronavirus. regain some of its value, but not to the extent we have seen it. what happened yesterday in the markets, we are discussing it with simon, markets realize they cannot control it. are we seeing corporate issuance going down? are there secondary effects we have not realized? jane: markets have been complacent up until now. more corpor

foley in de. a merry play him through installing doing the rest energy to keep control of the ball in the process . when was quick to respond that's how goals off the jane sensual corner kick pummels 1st goal this season is. about 10 minutes later every john made his presence felt from outside the box laver koos introject he had no chance to stop this one john gives don't mean the 21 lead with his maiden goal this season another 10 minutes later kevin fallen from close range netted again to level the score at the break his 2nd brace this campaign goes kept coming when the action resumed just after the hour mark means guerrero put the visitors up by but leverkusen had more left we've got bally's did in level the game at 33. and right after bailey and again back he'll pass the ball fives lars bender who gave the home side the way in this back and forth 7 . goal throughout the. mines ended their 4 game losing skid in berlin when i faced hetta a hat trick from robin cries on fuel lines to a 31 victory in the 1st topic was long put months ahead and late in the match in the 82nd minute the double bit late at a netted their only goal shortly after but the dama