jeff rosenberg of blackrock staying with us.credite mustier of joins us at 7:00 in new york. this is bloomberg. ♪ scarlet: i am scarlet who with francine lacqua. across bearishness global oil markets. longesthe losing streak since february. ianning us is jul lee. even with this change from saudi arabia and russia to start boosting supplies later this year, have goldman sachs maintaining their bullish view. the demand picture is still very robust is that out of consensus? at then't think it is moment, nobody really knows what size this output increase is going to be. total sees it as being a abandoning of the output deal. we are already losing half a million barrels a day venezuelan output. more expected. the sanctions on iran could take another half a million by the end of this year. that is one million barrels a day less production than the world was expecting. we still have white request oil demand growth -- quite robust oil demand growth. there is a strong argument that this is just taking back or replacing some of the oil th

. -- blackrock poss jeff rosenberg 's jeffkrock rosenberg.. ♪ julia: this is "bloomberg markets congo a julia chatterley. time for a look at the bloomberg business flash. goldman sachs will pay $110 million to settle charges that foreign-exchange traders took ,lients for an advantage allegedly sharing information on client orders on an electronic and 2013.etween 2008 payments will be divided equally between the department of financial services and the federal reserve board. mark zuckerberg has been asked to testify before british lawmakers on fake news and disinformation. the u k parliamentary committee say that if he doesn't respond, they will be issuing a formal summons for him to appear the next time he is in the united kingdom and he must confirm by may 11. main capital is leading a group to acquire a school in pennsylvania. the investment comes as employers struggle to find properly trained workers for jobs requiring more than a high school education, but less than a four-year college degree. no terms word disclosed. your business flash

scott minor, the grant thornton chief economist diane swonk, and jeff rosenberg will all join.his is bloomberg. ♪ caroline: this is "bloomberg markets." i am caroline hyde in london. vonnie: from new york, i am vonnie quinn. caroline: now it's that time, the muni moment with taylor riggs. taylor. taylor: hey, caroline, and ofning me today is the ceo muni at invesco. the rates just hit a 10-year high recently. you find is attractive in the rising interest-rate environment? >> thanks, taylor, good to be here. the fed is normalized on the short end of the yield curve -- the same thing for the municipal bond market. these variable rates and demand notes reset on a weekly basis. it is very good on a short-term strategy. some of the shorter and the duration funds are using the strategy because the price is very stable and the rights move up as the fed moves up. the flipside of that is the closing funds issued these of the cost of borrowing is going out very slowly. i could put pressure on dividends -- that could put pressure on dividends. for the short strategies we like the variable

jeff rosenberg at blackrock investment institute and straight from the sean hannity show, universitys professor and former economic counsel of economic advisers chairman austan goolsbee you don't even flinch when i say that anymore >> i thought you were going to say and friend of mine >> close friend of mine. you know, i'm a huge admirer at the university of chicago too. i know you instituted that >> yes, you are. >> you instituted that anybody can come and speak there they're welcome. you don't muzzle someone that happens to disagree. if it was you, you wouldn't let anyone on. >> come on i come on your show. >> and ramina joins us as well ladies and gentlemen, when we talk about these jobs numbers, here's what's important. number one, what happens with wage gains, i guess. number two, is there still an available pool of workers to satisfy these jobs and three, do they have the right skill set and what does the fed do when they see all this that covers everything, doesn't it >> it does we're going to focus on the noise this morning but the signal is this is a strong job market. it's

we spoke earlier with jeff rosenberg p are he sees value on the front end of the yield curve.position yourself to the rest of 2018? >> i think there is value in stretch, oft is a course because cash for most investors and money market and so on, probably one point -- 1-1 .5% category. short-term rates are around 2.5%. it probably keeps you up at pace with inflation but it does not go down. the bond market itself in the past four or five months in 2018 basically down 2.5%. stocks are flatlining. is it a value, i think it is a short-term haven until we see how things shape up. >> we have seen a further ramp-up and issuance. for the lastht decade, there seems to be a correlation between supply and yields right now. see q1 and the explosion of supply we saw and the rally, the ramp-up in yields, as an anomaly or a quentin's? do you think that correlation has changed as we pushed throughout the year? >> i think it should be correlated. i do not see it exactly in terms of what investors anticipated from the standpoint of supply. we know for instance that the fed is undergoing quantit

leading our fu coverage, jeff rosenberg of minorock as well, and mr.enheim partners. really looking forward to that conversation. coming up, ruskin, gartman, mobius. mac inened for fleetwood 1987, i think. this is bloomberg. ♪ ♪ taylor: this is "bloomberg surveillance." ceo may chartered's finally have some momentum behind his turnaround plan. the british bank posted the highest revenue since he took over three years ago, boosted by retail and wealth management in closing in on the goal of an 8% return on equity. the one-time protege of hasionaire ryan howard taken over asset management for the first time. clients have quit howard's management fund, a fall of more inn 75% from his peak back 2013. howard in 2014. mobius has set up his own firm. he says he was ready for something new. we will speak with mark mobius a few minutes from now. that is your bloomberg business/. tom cup -- businessflash. francine: decision day for the fed. the central bank is not expected to hike rates today. for more on what investors are looking for from chairman alan ruskin,

rosenberg is a former u.s. attorney, senior fbi official and msnbc contributor. natasha, i want to pose a big question to you. if president trump is so unhappy with jeff sessions, why in the world doesn't he fire him? you wrote a story about this very thing, i believe, last month. >> right. this is really the big question. and there are a number of competing theories. the first is that it would be, obviously, politically explosive for him to fire his attorney general. jeff sessions is additionally very well liked among republicans. so it would just be, it would just not be good for the president's image, overall. the second is that there's something to be said for keeping sessions in his orbit. because, of course, if sessions were removed from the white house altogether, then he might be more vulnerable and more inclined to cooperate with the special counsel's investigation. we know that sessions himself might have some legal exposure, because there are questions about whether or not he perjured himself during his confirmation hearings before congress when he said that he had to communication with russian officials during the election. of course with