jonathan head, bbc news bangkok. jonathan head, bbc news bangkok.f the year — known for its exclusive guest list, its expensive tickets and — most of all — its extravagant outfits. this year's theme was "camp", and as neda tawfik reports, the costumes didn't disappoint. and a warning, her report contains flashing images. the met gala always delivers over the top looks. but this year's theme — a celebration of the camp aesthetic — inspired some of the most extravaga nt fla m boya nt styles yet. lady gaga stole the spotlight early on. she took her time unveiling a total of four different outfits. on the met‘s steps, she gave a theatrical performance. well, lady gaga was the first to arrive. she's a co—chair of this year's met gala, and this theme is arguably made for her. she set the bar very high. some understood camp better than others. katy perry wore a 40lb chandelier. and bill porter dazzled in golden wings. camp is the art of being extra. i love that the term is getting respect again, because i think, you know, people have used it for a very lon

that was jonathan head, our and matter and kings know that. that wasjonathan head, our southeast

our southeast asia correspondent jonathan head way.mbolism in the upcoming rituals. addressing probably the most important one is a ritual which is known as the water purification ceremony, we've just seen purification ceremony, we've just seen the king coming out dressed in a sort of white one shouldered toga which is the tradition. being that out with press ahead of him, ready to sit down on the wooden bench and he will be underneath what is a kind of shower that will shower him with water on five sacred sources around thailand. that represents the five traditional, five sacred rivers in hindu mythology that are supposed to originate in mount mary. as he undergoes a ceremony, he's been connected ritually to the power of the great hindu gods. it's very interesting to see how much hinduism is involved in the ritual after all, it isa is involved in the ritual after all, it is a buddhist country was not the supreme it is a buddhist country was not the supreme page rank of the buddhists in thailand, will be pouring water on his hands so t

jonathan head reporting there.ushima nuclear plant injapan, people are finally being allowed to return to their homes. in the biggest international sporting spectacle ever seen, up to 30 million people have taken part in sponsored athletic events to aid famine relief in africa. the first of what the makers of star wars hope will be thousands of queues started forming at 7:00am. taunting which led to scuffles, scuffles to fighting, fighting to full—scale riot, as the liverpool fans broke out of their area and into the juve ntus enclosure. the belgian police had lost control. the whole world will mourn the tragic death of mr nehru today. he was the father of the indian people from the day of independence. the oprah winfrey show comes to an end after 25 years and more than 11,500 episodes. the chat show has made her one of the richest people on the planet. geri haliwell, otherwise known as ginger spice, has announced she has left the spice girls. i don't believe it! she's the one with the bounce, the go, the girl powe

jonathan head there. the european union, a polite but intense disagreement over new appointments to the eu's seniorjobs. the two big powers in europe, the germans and the french, have very different views over who should become president of the european commission. and reaching consensus is likely to be more difficult, because the recent elections have left the eu so fragmented. gareth barlow reports. france and germany have long been the political powerhouses in europe, and though the traditional parties lost their majorities following last week's elections, it seems angela merkel and emmanuel macron still want to exert their influence. at a meeting of eu leaders in brussels, mrs merkel was pushing for one of her allies to be the next president of the eu commission. but emmanuel macron has his own preferences for the next eu leaders. translation: the key for me is that people in the most sensitive positions to share our project should be the most charismatic, creative and competent, that's all. i don't h

jonathan head, bbc news, brunei.m will transform the work of the emergency services, after criticism that it was running late, and going over budget. the spending watchdog, the national audit office, said the new network would cost £3 billion more than planned, and gave the taxpayer poor value for money. ramzan karmali reports. siren the government wants to modernise the communication system used by our emergency services, but not only is it likely to be delayed, it's going to cost a lot more. the current system, airwave, was meant to be replaced this year by the emergency services network. that's been delayed until 2022. but even that target date looks unlikely to be met. it's also going to cost a lot more, £3.1 billion more, which means the total cost of implementing the new system will be £9.6 billion. the national audit office's report is highly critical of the home office. back in 2016, the home office expected to be able to deliver this programme by 2019, that's not proved possible. and it's a consequence of th

here is jonathan head. an: importing waste from u.s., europe, and japan, has been profitable in asia. looser regulationsfond a woe willing to tackle the hazardous job of processing it makes malaysia a cheaper place to send it. that is coming to an end. owresponding to g public complaintsen, reporters were t to the country's main port and shown nine containers with mixed plastic and electronic waste. she ordered them sent back to their countries of origin. the philippines government has also demandethat canada takene back 69 contai of rubbish which had been running in filipino portss.or several ye thailand says it will ban all imports of plastic and e-waste within the next two years. pressure is building on indonesia to follow suit. all these countries have experienced a dramatic increase in waste imports since china banned them last year. much of the waste is wrongly labeled, and poor law forcement needs it is often dispose of unsafely. some of that plastic waste my be because of the poor control of waste en

jonathan rowe whojoins me now. thank you bbc headng jonathan rowe who joins me now. thank you for coming on. we know brexit really defines people. no surprise there are different complaints come again in the bbc can deal with each 11 by one specifically let's start with the graphic of pro—and anti—brexit votes aggregated. you left the conservatives out of the pro brexit in tally. that was wrong, wasn't it? one ofa in tally. that was wrong, wasn't it? one of a whole range of data we did on the numbers. as you remember, it was online for a while and refers to that at no stage a major part of our coverage and i don't think anybody watching our coverage can think we we re watching our coverage can think we were saying anything other than the brexit party had did well. with they conservatives specifically didn't ask you a manifesto. so it was difficult for us to make an exception. —— issue a manifesto. where the brexit party change uk and other people who advocated a so—called people's vote were campaigning specifically on that issue. why

jonathan head, bbc news, brunei. now, health news back at home.of parliamentary history. the first full debate took place earlier this year, but every day next week we'll be asking you to ‘wake up to the menopause'. by way of an introduction, jayne mccubbin has been meeting women who managed the menopause and thrived. hold onto your hats, ladies. there's something we really need to discuss. we are in doncaster to talk about — ladies? all: menopause! whoo—hoo! you're all sisters. yeah. four sisters, and you're all going it?! some of us are at the other side! ok, then. those of you on the other side, what have you told those of you that are at the beginning? it... should we just press pause for a moment? press pause to consider the pause? you're so pleased that the periods have stopped, and then the madness begins, you know?! that is what we'll do all next week on breakfast, with real women and the best experts. how has your menopausal journey been? it's terrible, and even now, at 68, i'm still menopausal. it's still going. so, when did it start? so

plastic waste since china banned it from being imported last year. 0ur south—east asia correspondent jonathan headrting waste from europe, the us and japan has long been a profitable business in asia. looser environmental regulations and a workforce willing to tackle the hazardous job of processing it makes asia a cheaper place to send it. that is now coming to an end. responding to growing public complaints, the malaysian environment minister, yeo bee yin, took reporters to the country's main port and showed them nine containers filled with mixed plastic and electronic waste. she ordered them sent back to their countries of origin. malaysians, like any other developing countries, have a right to clean air, clean water, sustainable resources, and clean environment to live in, just like citizens of developed nations. the philippines government has also demanded that canada take back 69 containers of rubbish which have been rotting in filipino ports for several years. thailand says it will ban all imports of plastic and e—waste within the next ten years. pressure is building on indonesia to follow s

jonathan head, bbc news.ties sweeping powers to block websites and police private conversations. under the new law, which comes into affect in the next few weeks, the government can order platforms to publish corrections or, in extreme cases, remove content it deems to be false. the rules will also cover personal electronic messages — even on platforms with end—to—end encryption — such as whatsapp. journalists, human rights groups, global tech companies and academics have expressed grave concerns about what this means for freedom of speech. joining us now from bangkok is frederick rawski, who is director of the international commission ofjurists' asia & pacific programme. lots of concerns byjournalists and academics and technology companies as well. that this limits freedom of expression. we have been reporting on this a lot. but you are objecting to this from a judicial point of view. can you explain that? to begin with, this lot is appalling on so many levels. it applies to nearly all communications and pot

jonathan head, bbc news, brunei. sweeping powers to block websites and police private conversations. under the new law, which comes into affect in the next few weeks, the government can order platforms to publish corrections, or in extreme cases, remove content it deems to be false. the rules will also cover personal electronic messages, even on platforms with end—to—end encryption such as whatsapp. journalists, human rights groups, global tech companies and academics have expressed grave concerns about what this means for freedom of speech. linda lim is a singaporean economist and professor emerita at the university of michigan's stephen m ross school of business. she was one of almost 100 academics who signed a letter to the government expressing concerns about the law. she joins me now from ann arbor. welcome to the programme. we know that singapore is already a country that singapore is already a country that ranks relatively badly when it comes to freedom of the press. so how is it likely to hurt academic instit

we have our southeast asia correspondence jonathan head on king.d on the line for us. what will we see in this ceremony, and what is its significance? well, we are expecting to see now, you will see the king is in very different clothing now from the white togo he was wearing for the white togo he was wearing for the earlier purification ceremony, you can see the king sitting on a kind of stall, and he has eight of the most important public figures in the most important public figures in the country standing around him ready to anoint his hands with water that has been taken from 107 sources around the country, and from the royal palace. now, the choice of these eight figures will be watched closely by thais. his father, at his own coronation, chose members of parliament. the late king was ascended —— educated in switzerland, mostly outside of the country, before he ascended to the throne. this king has chosen the current prime minister, a former military coup leader and army commander, and two other army commanders among the eight, and i think tha

our south east asia correspondent jonathan head has more.eresting election in that it showed the country is clearly divided evenly between large numbers of people willing to support continued rule by the people who lead the coup and their supporters, and those who oppose military involvement in politics. an initial count of the seats suggested that the opposition, the anti—military side, have a majority. the electoral commission which, among many controversial aspects, was appointed by the military government used a very controversial way of counting the proportional seats, there were 150 of the 500 counted according to the total proportion of votes the parties have won. that much criticised method of counting has given the opposition side fewer seats. on the other hand the ruling party only has 115 seats and it will need to bring in every non— opposition party, some very small, in order to form a government. it will be fiercely opposed by a party who believe the election was rigged against them. also making news today. there has been a seco

from bangkok, jonathan head reports.aordinarily elaborate rituals taking place here in the old royal quarter in bangkok as the king is formally consecrated in what they call a coronation but it involves a whole range of highly significant brahminic and hindu rituals blended with buddhism. it involves the buddhist monkhood, the king is the formal protector of buddhism as well as brahminic rituals that go back deep into indian history that has influenced much of thai culture. these rituals anchor the king as the latest in a long line of kings in a dynasty that dates back to 1782 and that's important for him because he's come to the throne relatively late in his 60s, he follows a king, king bhumibol, who pretty much made modern thailand, or is seen to sort of mould it, and has built up an extraordinary store of respect and reverence which is very hard for any king to match. this king has had a much more controversial lifestyle and is going to have to mould the monarchy in a different way. now, it is remarkable how strong th

from bangkok, jonathan head reports.traordinarily elaborate rituals taking place here in the old quarter of bangkok is the king is formally consecrated in what they call the coronation but it involves a whole range of highly sick epic and hindu rituals blended with autism. it involves the buddhist monkhood, the king is the formal protector of buddhism and have influenced thai history and have influenced thai culture. this will anchor the king is the latest in a long line of kings ina is the latest in a long line of kings in a dynasty that dates back to 1782 and that's important for him because he's come to the throne relatively late in his 60s, he follows a king, king bhumibol, who moulded modern thailand and has a lot of reverence. thanks bhumibol. this king has had a controversial lifestyle. it's remarkable. it's remarkable how strong the thai monarchy is when you consider that in this region monarchies have largely been eliminated or diminished into near insignificance. here, the monarchy is at the centre alive. it wi

our south east asia correspondent, jonathan head joins us from bangkok. mony for the pictures we've seen so far. absolutely, very ornate, very much in the traditions of thai kingship. they blend a lot of religious aspects, borders and which is the prevailing tradition but also a lot of brahminic hindu traditions, they tap into the power of hindu kings when they have ritual washing, dressed in just a white toga with water taken from sacred sources, five of them around the country. he is now gone through the tire style coronation ceremony. unlike written, he puts the crown on his own head. it's appointed crown stop he also had as new queen, the fourth wife this king has had. she has been his long—term partner for quite awhile, she is a former flight attendant and 110w she is a former flight attendant and now installed as queen and he and she are sitting together in their royal regalia, being blessed at the moment by buddhist monks. so the ritual part of the coronation, formally crowding, issuing his command, missing to rain with right justness for the benefi

jonathan head, bbc news, brunei. in a moment, we'll have all the business news.ear. tributes are being paid to the comedian freddie starr — after reports that he's died aged 76. university of cambridge scientists are considering radical new ways to reverse global warming. i'm maryam moshiri. in the business news: as you've been hearing, britain's economy grew by 0.5% in the first quarter, boosted by companies stockpiling ahead of brexit, official data showed on friday. gross domestic product expansion outpaced the 0.2% seen in the final three months of last year. more on that shortly. global trade and economic growth at risk — as the trade war escalates between the world's two biggest economies. beijing says it will retaliate after the united states more than doubles tariffs on $200 billion worth of chinese imports. india's richest man, mukesh ambani, has bought british toy retailer, hamleys, for an undisclosed sum from china's c banner international. hamleys, which was founded in 1760, is the world's oldest toy retailer and has 167 stores across 18 countries. br

jonathan head has more on what they discovered.ne of the most important investigations into alleged atrocities by the burmese military in rakhine state. the flood of rohingya refugees into bangladesh brought with them harrowing tales out of massacres, rapes and brutal killings. but these two reporters obtained eyewitness testimony by non—muslims from the village of the murder of ten rohingya and then detained by the security forces. their report forced the army to admit for the first time that its troops had killed people unlawfully. many believe that this is the real reason the two journalists are prosecuted. wa lone and kyaw soe 0o's story has had an affect on other investigative journalists in the region. here's one journalist in yangon on that. i think it sent a very loud and clear message to both local and foreign journalists working in this country that lost being described as a genocide against the rohingya, the investigative work on that story is a redline for the military and if you are going to go up to rakhine and start

he had been on the throne for seventy yea rs. 0ur south east asia correspondent, jonathan head, joinso be a remarkable day and days of ceremony. good morning. yes, the very colourful and ornate ceremony, the last coronation we saw. it digs deep into traditions established over many hundreds of years, leading both hindu traditions and buddhist traditions. this is a predominantly buddhist country. most people won't have seen it before. there has been a huge amount of information in the media over the la st information in the media over the last few days, explaining what all these various stages of the coronation mean. we have seen the most important stages this morning when the king was ritually based on sacred water that was gathered from five rivers, that are supposed to represent the five original sacred rivers in hindu mythology. he was then anointed by eight significant figures, three of them former army commanders, reminding us of the important partnership between the military in thailand, which is in government right now, and the monarchy. then he placed a pointed crown on his ow

jonathan head, bbc news, brunei.o administration. it's been struggling for some time and last year struck a deal with landlords to cut rents at its stores. select‘s 169 shops will continue to trade while options for its future are assessed. china says it's hopeful a deal can be reached to end the trade war between it and the united states. today, washington dramatically increased tariffs on goods imported from china into the us, which will lead to higher prices for american buyers. but economists the world over are concerned about the impact of new trade barriers between the planet's two biggest economies. shares in uber have gone on sale in the last few minutes. priced at $45 — or around £34.60 — it values the company at £63 billion, lower than many had expected. shall we stick with uber? this puzzles me, i appreciate it is lower than what people expected but still a phenomenal amount of money for a company that has never made a profit. and it its prospectus it said it may never make a profit, but consider its domin

i want to bring in jonathan bailey, head of environmental, social governance investing at neuberger berman us. >> thank you. charles: i can remember back to the sullivan principles, "ave maria" fund, seeing how socially responsible funds generally outperformed the market. it feels like it is changing. actually companies can say doing these things, they're getting bigger valuations. if that is the case, it will change how people have to invest? >> i think it is such an exciting time to be investor focused on issues. you brought right attention of it to beyond meat. that is thinking about disruption. it has carbon footprint for every hamburger not made of ham. 90% lower than the meat-based alternative. have you even it it? charles: not yet. >> you have to try it. product is as food to ate, but lower carbon footprint, plants instead of animals. it is great. the reason why we're seeing such a bump in the price since the ipo because of that retail interest, because of that expectation as we move towards vegans, people interested in a mixed diet we'll see demand for that. charles: we know demand

after the death of its previous king, who ruled for 70 years. 0ur south east asia correspondent, jonathan headangkok. jonathan, good morning to you, tell us jonathan, good morning to you, tell us what is going to happen. well these rituals start this afternoon in about four hours' time. some have already begun when the king appear, they are elaborate. they take place in the old royal palace, steeped in hindu tradition and buddist traditions as well. now, the old king as you say reined for 70 year, much loved. elevated to an almost god like position. this king, we are constrained in what we can say because of the severe law but he has a controversial personal reputation, he doesn't enjoy the same affection. the rituals don't change his legal status. he is consecrated in rituals that go back a long way, and it will remind thys that he comes from a —— thais that he comes from a long lineage of kings, that he cops from a deeply embedded royal family and carries that royal prestige, so what thais see, these are very important ritual, they embed this king as a monarch who belonging in the —— belongs

." ♪ jonathan: i'm jonathan ferro. we want to head to the auction block where u.s.ompanies are heading to the continent, europe , borrowing at the passes rate in years. cheap funding cost learn them across the atlantic. than twoissuing more thirds of its $8.2 billion offering in euros. risk off markets to the week. investors absorbing just shy of $30 billion worth of investment grade supply, including dow chemicals. new two to refinance maturities was nearly five times covered. the junk revival challenged by the biggest weekly outflows since december. six new deals coming to market including barrett global. that offer needed to be cut in half amid rising trade tensions. bob michael, krishna memani, and james athey is with us. we sawa compared to what at year end. how do things stack up at the moment? bob: pretty good to me. there is a bit of a binary outcome here. if there is some sort of trade agreement or framework and it gets pushed off, the weight of money coming into a market with default rates below 1% pushes high-yield to the low credit spreads. over the next

jonathan ferro. this is bloomberg "real yield." we want to head to the auction block where u.s.nies are heading to the continent, europe, borrowing at the fastest rate in years. cheap funding cost lured them across the atlantic. fidelity national letter the search in the so-called yankee issuance this year, issuing more than two thirds of its $8.2 billion offering in euros. risk off markets to the week. investors absorbing just shy of $30 billion worth of investment grade supply, including dow chemicals. a $2 billion multi-tranche offering. it was nearly five times covered. and the junk revival challenged by the biggest weekly outflows since december. six new deals coming to market including barrett global. ,that $2 billion offering needed to be cut in half amid rising trade tensions. bob michele, krishna memani, and james athey is with us. your view on high-yield. no drama compared to what we saw at year end. how do things stack up at the moment? bob: pretty good to me. there is a bit of a binary outcome here. if there is some sort of trade agreement or framework and it gets pu

jonathan ferro. this is bloomberg "real yield." i want to head to the auction block now and begin in europe.nish treasury selling 1.5 billion euros of its 10-year debt, the lowest yield in a decade, with investors offering to buy 1.5 times the amount of securities sold. elsewhere in the u.s., the treasury selling $11 billion in 10-year tips. the lowest yield since january 2018. the highest cover ratio since april of 2010. and finally, the junk issuance spree continues. making may the busiest month since march of 2018. auto retailer carvana selling $250 million in 2023 notes yielding nearly 9%. joining us around the table, kathy jones, michael collins, and from minneapolis, craig bishop. craig, that is what's been fascinating about this period of risk aversion. the supply, loans as well high-yield is still coming through, and still being eaten up. your view on it? craig: demand is there. that is the pure and simple, a matter of supply and demand. demand is there. supply will be produced. i think a lot of it has to do with the fact that what the central bank environment the fed has is in now,

. ♪ jonathan: trade uncertainty heading markets. china retaliating.ian gulf as saudi arabia sends its oil tech -- says oil tankers have been attacked. uber falling much further away from its ipo price. 30 minutes until the start of trading, good morning. after the biggest weekly loss of 2019, we may add some way to that at the open. down 57 on the s&p, negative almost 2%. euro-dollar 1.1258 and treasuries, yields lower five basis points. 2.42 is your yield. let's begin with our big issue. no quick fix for u.s.-china trade issues. >> is a long game. >> long game. >> disrupting entire economies takes time. >>

jonathan ferro. this is bloomberg "real yield." i want to head to the auction block and begin in japan.he nation's first yen- denominated bond is redefining the phrase high-yield by being sold below a 1% yield. in the u.s., the treasury struggling to get off of its seven-year debt auction. sold with a 1.9 basis point tail. cracks forming in the u.s. corporate market. paid 835 basis point concession in order to bring its $450 million of 10 year notes to market. that is where we begin the segment, cracks in credit. pimco ringing the alarm. >> we have probably the risk is credit market we have ever had. it is true when you look at both the size of it, the duration of it, and the quality aspects of it there is a big vulnerability there. jonathan: krishna, your view on that call? >> if he is talking about potential liquidity issues in or where the credit markets can under for warm, i can see why he would say that. having said that, i think there's a bit of inconsistency between their views on the credit market and their views on the economy. they are not expecting recession for three 05 year

. ♪ jonathan: global equity markets heading south, trade tensions showing little signs of easing.ngs signaling patience for a lot longer. and test lab with a seventh straight day of losses. analysts struggling to forecast 2019 demand. features are pointing down. we are down 25 points on the s&p 500. yield. the u.s. 10 year let us begin with a big issue, showing no signs of stepping in. >> they are going to remain patient. >> patient. >> patient is the word they used. >> as they wait for the economic effect of trade tensions to show up. >> expectations to rate cuts. >>. >> much more significantly than a month ago because of trade and technology

jonathan ferro. this is bloomberg "real yield." i want to head to the auction block, starting in the u.s.the u.s. treasury. seeing the weakest demand for its benchmark 10-year note in a decade. the $27 billion offering coming in with the lowest bid to cover ratio since 2009. elsewhere, hellman and friedman together with the carlyle group sold notes to extract a payout of $1.9 million from a drug research company. this boosted the company's debt load to 7.5 times earnings. elsewhere, a busy week for u.s. investment grade. bristol-myers selling $19 billion in investment bond, only to be outmatched by ibm a day later. the highest volume week in eight months with $45 billion pricing. around the table is gershon distenfeld, henry peabody, and diana amoa. let's talk about this. a weaker massive supply in the face of real macro risk, and the investment grade is taking it pretty well. gershon: journalists like yourself have been scaring us for a long time. jonathan: you are saying we are part of that? gershon: 100%. jonathan: we are very responsible around this table. go on. gershon: certainly in

head winds fading. >> we are calling it nirvana. jonathan: we can play that opening sequence every month and the next month and the next month, and it would be relevant. let's bring in the table. kathleen, how long have we been doing this goldilocks business with the payrolls report? >> forever. it is getting really old. jonathan: is it going to change? >> it will, and i think we are getting close. everything is so crowded it is poised to just jump. >> it is goldilocks for the economy is good for the bond market. everything else i would say so, yes. >> it will go on for a long time. what i think we will find out if s that a lot of the business cycle was a combination of the fed being hyper aggressive in the rate movements and not aggressive enough in tamping down on aggressive lending. jonathan: why can this go on longer than anyone can think, even anyone around this table? >> the boom and bust we had from the 80's coming forward was driven by these aggressive rate cuts. every time you would see a blowup. what was the blowup from? a thrift c

jonathan ferro. this is bloomberg "real yield." i want to heade auction block now, where we begin in the united states with the treasury. the treasury is seeing the weakest demand for its benchmark 10-year note in a decade. the $27 billion offering coming in with the lowest bid to cover ratio since 2009. elsewhere, hellman and friedman with the carlyle group sold notes to extract a payout of $1.9 million from a drug research company. this sale boosted the company's debt load to 7.5 times earnings. elsewhere, a busy week for u.s. investment grade. bristol-myers selling $19 billion in bonds, only to be outmatched by ibm's deal a day later. it was the highest volume week in eight months with $45 billion pricing. around the table is gershon distenfeld, henry peabody, and diana amoa. a weaker massive supply in the face of real macro risks, and the investment grade is taking it pretty well. gershon: well-meaning journalists like yourself have been scaring us for a long time with this bbb debt. jonathan: are you saying i was part of that? i think we wer

a fight constitutional law expert jonathan turley says democrats will lose. >> you are heading into af hurt if you argue that you could order bar, that bar could unilaterally release this information. jillian: explained to the house judiciary committee courts do not have authority to order the release of grand jury information. rob: joe biden trying to submit his lead in a crowded 2020 democratic field as kamala harris tries to boost her sinking poll numbers. jillian: beto o'rourke rethinks his own strategy. >> we need a new commander-in-chief. >> i fully intend to win this election. >> reporter: gun-control front and center promising to sign an executive order banning imports of ar 15 style weapons. >> probably came up to me, he is a gun owner and is supportive because gun owners also know this is a matter of what we need to do that is common sense. >> reporter: joe biden is not talking policy yet but he agrees with a woman frustrated by the thought of another two years of trump. >> in a legitimate president. >> would you be my vice president? i absolutely agree. >> reporter: senator

jonathan ferro. this is bloomberg "real yield." i want to go to the auction block headingnto the u.s., the treasury keeping its nominal coupons of debt study at a record high amid a growing budget deficit. the u.s. will be selling $84 billion in 3, 10, and 30-your notes. strong demand in the high-grade market. bolling selling $3.5 billion in senior unsecured bonds. finally, tesla tapping the debt market yet again, raising $1.6 billion in convertible notes. bonds pricing at the high end of the initial range indicated to investors allowing tesla to boost the size of the offering. story.et to the broader global monetary action weighing on interest rates worldwide kicking investors on the hunt for yield. bob michael of jpmorgan believes enteral bankers are bullying investors into buying. the ecb has bullied us and the rest of the market into it. they are not going to raise rates, so that leaves us scrambling for yield. they will maintain the balance sheet so it ends up backstopping countries like spain. as long as there is no drama that is erupting either through the trade war

jonathan ferro. we are joined still by emily roland, john hancock head of investments research.t are the fears out there in fixed income and the corporate space? emily: i think the fears are somewhat overdone when it comes to the investment grade corporate space. there's a lot of talk about the prevalence of bbb securities. that tends to be higher quality companies that should be able to weather an economic downturn better than other parts of the market. they actually have a nice, nation of being able to provide some yield in this environment, but nice diversification away from risk, which is one of the key reasons investors own bonds. vonnie: i also have been looking at some of your notes, and you are talking about the chinese yuan as being a catalyst. what levels would we have to see, and a catalyst for what? emily: certainly the chinese yuan is a key risk factor we watch. global marketof disruption have been driven hard by a significant depreciation of the yuan. seven is the all-important level everyone is looking at, and we are trading at about 6.91 per dollar. we have seen

. ♪ jonathan: coming up, china's trade team headed to washington.hanging over the markets ahead of the most anticipated ipo in years. uber prepared to go public. 30 minutes until the start of trading. futures at their lows. down more than 1%. in the fx market, euro-dollar around 1.12 as always. treasury yields coming down five basis points. yield is 2.44%. we begin with heightened uncertainty ahead of trade talks weighing on markets worldwide. this is the view from goldman sachs. economists now saying new terms are more likely than not. writing "the odds are higher that new tariffs will take effect