what jeffrey gundlach is saying is reasonable.pening the door to further rate cuts is definitely possible. what would that mean for the dollar? you have talked about that and treasury yields. hedge treasury yields have turned negative for european and japanese buyers. does this signal more downward pressure on the dollar? the bloomberg dollar index below its moving average. >> unquestionably. everyone was saying we could see the -- we did not see the dollar depreciated as much as people expected. one reason was the dollar has kerry. it is not going to anymore -- the dollar has carry. it is not going to anymore. there are not good reasons to hold the dollar. >> in your outlook you have talked about a disconnect between markets and data. i think you are referring to the equity market. are you expecting lower bond yields? also a turned down in u.s. equities? >> that is roughly fair value. that is roughly where if you look in terms of neutral rate about zero to 50 and inflation is fair value. i would not say we have to go all the way

jeffrey gundlach, very good seeing you.e's right, if he's talking about a slowdown or worse coming, are we prepared for that? especially minutes away from the federal reserve announcement. stay with us. of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. you need decision tech. the doctor's office might mejust for a shot.o but why go back there when you can stay home with neulasta® onpro? strong chemo can put you at risk of serious infection. in a key study neulasta® reduced the risk of infection from 17% to 1% a 94% decrease. neulasta® onpro is designed to deliver neulasta® the day after chemo and is used by most patients today. neulasta® is for certain cancer patients receiving strong chemotherapy. do not take neulasta® if you're allergic to it or neupogen (filgrastim). an incomplete dose could increase infection risk. ruptured spleen, sometimes fatal as well as serious lung problems allergic reactions, kidney injuries and capillary le

jeffrey gundlach is raising the chance of a u.s. recession. why doesn't he think the fed will cut next week? we ask that to our guests. plus, bringing down on boris is arrivals -- bringing down boris, his rivals talk back room deals in westminster. this is bloomberg. ♪ francine: this is "bloomberg surveillance." but get straight to the bloomberg business flash in london. chinese brokerages have stepped into the fray around controversial comments made by paul donovan. one group has urged the bank to fire all people involved in the incident. on "bloombergized surveillance." whenhe phrase chinese pigs talking about the impact of swine flu on china's economy. >> i apologize and reiterate i apologize to anyone who took any offense to my remarks. i got it wrong. i made a mistake and unwittingly used culturally insensitive language. i apologize ugly and glad to have an opportunity to reiterate. hasnd activist investor disclosed a $1.5 billion stake in stony -- sony, urging them to make dramatic changes. he also wants the japanese media and electronic

billionaire money manager jeffrey gundlach says the fed will not cut rates this week that sees up toar. contenders to be britain's prime minister. contends to be britain's prime minister. welcome to "bloomberg surveillance." these are your markets. a lot of the focus is on crude oil in america.

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i want to bring you some gundlach,from jeffrey speaking on the total return bond fund webcast.g were starting to see a real effect of the global slowdown, that people are underestimating the link than frictions of a trade war and the trump backing off terror threat with mexico may be a game of chicken. chance of a the recession over the next six months to about 45%. and saying the steepening of the yield curve is what should really be scaring people. we will bring you more as they come. this is bloomberg. ♪ >> she comes from a great state, arkansas. she's going to be going back to arkansas with her great family. her husband is a fantastic guy, and her family. i don't know if we can get her to run for governor of arkansas. i'm trying to get her to do that. she is a special person, a very fine woman. she has been so great. she has such heart. she is strong but with great heart. i want to thank you for an outstanding job, and thank you. [applause] >> thank you. thank you so much. i'll try not to get emotional because i know that crying can make us look weak sometimes, right? this

into that territory which is , and for folks like jeffrey gundlach, he said that moment of truth, thatd into this level. and for the pioneer, global money managers talking about the potential of 5% or 10% reduction insignificant if we get this further easing. let's talk about the bonds because stockpiles of negative debt climbed $1 trillion last week. are we going to see this grow if central banks loosen policy or is the market largely reflecting this? adam: the size of the move last week caught some people a little bit by surprise. there were two things that happened at middle of the week there was the ecb and the dovish comments we got from mario draghi. then we had some of the fed commentary as well which pushed that level of global stockpile further higher. at one point we were around $13 trillion. we took a little bit back on friday. if you hit gtv and look at that on the terminal it is clear how staggering the increase has been since the first part of the fourth quarter last year where we started to see this drop. to your question whether it can go further, it can. if centra

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. >>> jeffrey gundlach believes the odds of fall naging into a recession is a 45% chance.ays consumer indicators and the yield curve are among the signals pointing to a sharp downturn gundlach thinks the federal reserve probably won't cut rates in june, but says the central bank is likely to make a move later this summer. certainly that is what the fed interest rate market curve is expe expecting, 2 1/2 cuts by the end of this year >>> morgan stanley recorded the largest ever one month decline, the figure which captures turning points in the economy fell to the lowest levels since 2008 the bank said the indicator represented a sharp deterioration in sentiment across sectors just before we head out, a quick look at how u.s. futures are locking. we have a very heavy risk off session today in europe. and it looks as though in the u.s., mildly off with the three majors trading in the red, all eyes on u.s. retail sales data as well on the macro front that is it for today's show. have a wonderful weekend "worldwide exchange" is coming up next. it was here. i couldn't catch my br

billionaire investor jeffrey gundlach believes recession is coming around the corner. he see as slowdown, a significant one that will wallop stocks. my guest tomorrow on "coast to coast." here is charles payne. charles: i'm charles payne this is "making money." the initial part of today's move, a sign central banks around the world will print money. stocks went into overdrive on news president trump will have extended meeting with china's president xi at the g20 summit. he said trade talks will resume before the meeting, giving hope in the face, really this will be more than just a face to mace meeting of pleasantries. plus the president says i.c.e. will begin removing millions of illegal aliens next week who came into our country illegally. this as aoc says the u.s. is running concentration camps on our southern border and comparing the administration, how they control the migrants, immigrants to the holocaust. president trump is set to officially kick off the 2020 campaign with a huge rally in orlando tonight. the lines are getting longer. supporters are gets all pum

here's what doubleline capital founder jeffrey gundlach told neil cavuto in a fox business exclusive today. >> citibank has an index that compares current data releases to their 12 month moving average and all over the world, those are steeply in negative territory and have been all year, and in the eurozone, even for the last full year, not just year-to-date. so there's plenty of indicators recession might be coming. liz: so plenty of indicators a recession might be coming. you didn't hear fed chief powell say that. could an imploding economy, though, tip us into recession? could it be that catalyst that really brings up the "r" word right in front of our faces and hurts the stock market, by the way stock market not hurting right now. dow is up 62. let's bring in glenn hall, dow jones newswire chief global editor and international assets advisory ceo and president. glenn, again, we don't ring fence the united states anymore. it is for better or worse a global economy. what do you think he was really saying there? what does he see? >> well, you are absolutely right. i think the under

neil cavuto will interview jeffrey gundlach, the so-called bond king, at noon eastern on "coast to coasthat is on today. >>> new york will start issuing drivers licenses to illegals but even the lawmaker who sponsored the bill now admits it could lead to voter fraud. oh, really. we've got that figured out. >>> two-time world series champ keith hernandez, he joins us. he's going to be in the studio talking face-to-face to me. i want to know if he's watching the world cup and what does he think is more entertaining, baseball or soccer. we will talk about a lot of other things as well. including the "seinfeld" clip. >>> speaking of the world cup, watch the team usa face off against sweden tomorrow at 3:00 eastern time on fox. by the way, it's england against japan on fox today. very important. it is important, mr. producer. we'll be right back. so with a nationwide annuity, you can get protected monthly income for the rest of your life. that's what i'm talking about. how about those song lyrics? what song lyrics? tell him again. tell him again. repeat it. yeah, same thing. (advisor) so with

jeffrey gundlach has talked about how you could see the dollar meeting its moment of truth, falling below its 200 day moving average that he sees. it is set up for a fall going forward. kathleen: when he talks, we certainly listen. i want to share some breaking news. following the european summit in brussels. they were there today to hammer out leaders, who is going to head the e.u. commission, be the next head of the european central bank? instead of focusing so much on that, which has been a big deal the last several months, it got hijacked by a showdown over climate goals. poland is spearheading eastham resistance to the collective commitment to reduce net carbon emissions to zero by 2050. i guessthe bundesbank did not get quite a chance to see how much progress he made trying to pick up more support bid.late that is the latest news. we don't know what is going on there but we are going to get onto the news of the day and that has a lot to do with stocks. joining us now is the head of u.s. equities, susan schmidt. welcome. susan: thank you for having me. kathleen: great to be on talkin