still with me is ira jersey, noelle corum and jose rasco.ou i want to talk about what is happening in credit. high-yield investment grade, both in euros and in dollars set for an annual loss for the first time since 2008. how significant is that? noelle: going back to my growth view for 2019, we expect growth to moderate. we are guessing it will be around low two's by the end of the year. that's still a relatively positive platform for credit. we think it is going to -- as long as inflation, which we don't think it will, breaks out in a significant way, the fed will be able to respond to the moderating growth picture and take a step back and only go twice. i think that paints a rosy picture for credit next year. there have been some cracks in credit this year. there is no denying that. we think it just makes an analyst's job that much more important. at the end of the day, these companies remain healthy. leverage and defaults remain low. we think 2019 paints a good picture for credit. ira: i think credit probably has more to go in terms of r

final thoughts from ira jersey, noelle corun from invesco and jose rasco.'s wrap it up with a look ahead to next week. ira, what are you looking from the talks? ira: we would like some closure. i think markets hate more than anything uncertainty. having some closure, knowing what any kind of trade deal might be would be great. are we going to get it? no. the likelihood of getting something definitive at of the g20 meeting is low in my opinion. jonathan: i think the markets at this have settled on the idea of point no fundamental change. but a cease-fire might be enough to get sentiment lifted for a year-end rally. is that what you are looking for next week? noelle: i don't think we get a cease-fire. i agree with ira that we would love some closure, but i don't think we will get that. these things take time. and history tells us they take time, especially the strategy related to trade goals that the administration has. and that is going -- there will continue to be highs and lows within that. we will have to continue to watch them very closely. jose: i am sl

ira jersey, noelle corum and jose rasco. that does it for me.ll see you next friday at 1:00 p.m. new york time this is "bloomberg real yield." this is bloomberg tv. ♪ ♪ you build a machine that played tic-tac-toe as a teenager growing up in huntington, new york. later, he made his way out west, becoming a faculty member at stanford university in 1977. four years after that, he brought together researchers develop a -- to develop a new technology known as risk. today, john hennessy sits on the alphabet,irectors of after serving as the president of sanford for 16 years. some of silicon valley's best and brightest were educated under his watch, including google cofounders larry page and survey brand. joining me today on bloomberg studio 1.0, former stanford president, google chair, and knights of the scholars chair, john hennessy. i want to take you all the way back to huntington, new york, where you grew up, and ask you, who was your first leadership mentor? school mathhigh teacher who happens to be intercell in non--- an ursuline nun. she said to