betty: i'm kathleen hays and -- kathleen: i'm kathleen hays in new york.rade tensions go higher and the u.s. announced sanctions on russia. oil tumbled and treasury rose. jeff bowie joins us now. -- truck bowie joins us now -- chuck bowie joins us now. you think this could go to or three more years. at this point in time, how much concern, uncertainty is the escalating trade war causing when you look at the stock market? chuck: thank you for having me, kathleen. if you look at the overall fundamental background in terms and fundamentals, it is quite positive when it comes to economic growth rates and earnings. when it comes to inflation and interest rates, they are still at a fairly low level even though they moved up a little over the last year or so. like rising interest rates could potentially put a ceiling on the economic equity market. rising trade tensions and a some point, although it is difficult to determine when that will happen and i don't think we are there yet, but at some point, trade tensions could cause problems in the equity markets. throu

this is bloomberg. ♪ kathleen: i'm kathleen hays in new york.and i'm haidi start marvin sydney. validatingtimates disney's decision to buy into fox. let's get to bloomberg entertainment reporter. give us the headlines and some of the background. so, yesterday fox the the estimates on profit and earnings. pretty strong performance across the lord. highlighting to strength of the cable business and their sports. forms. as well as a turnaround in the movie studio which has been struggling a little bit. as you said, with films like that pulled to it has had a massive growth. that's important for disney who is getting a studio and the look. but they also took the what newty to lay out fox will be as part of this deal with disney. company.ill run a new they will be made up mainly of the fox news channel, fox broadcast, and fox sports. really they spent a lot of the core analysts afterwards which will be that last call. relate laying out the strength andhe nfl content they have inspiring investors around the new fox that will be coming out next year. k

kathleen: i am kathleen hays in new york. haidi: i am heidi in sydney.are watching daybreak australia. our next guest says the rising trade tensions are not going away anytime soon. we are joined by scott kennedy, the director of freeman china chair. one of the most interesting latest developments are these increasing reports of beijing that they are seeing domestic pressure that there are risks within the communist party. part of it has been criticism that because of being overly nationalistic you can say he managed to miss judge the u.s.. the think that is the case? >> there is definitely a lot of self reflection in china. wrong. everybody got it no one expected trump to go through with the tariffs. they thought he was a deal and he was looking to settle. some selfthere is reflection. people may be criticizing xi jinping but he is not in danger at all. no one had a plan b. everyone else is as wrong as he is. there to figure out what to do next, but certainly china is in a moment right now where they are basically trying to figure what happened and what

kathleen: from bloomberg's local -- global headquarters i'm kathleen hays. trade tensions may be affecting companies with supply chains in china. an elephant starting to run. the booming opportunities in india. kathleen: one thing notable in the last couple weeks is the fact that the trade tensions of asian markets hit china so hard and the u.s. seems to be impervious. is upping the ante and hasn't stepped back. losing some close, ground in the final 15 minutes of trading. read on the dow jones, but even if you look at the 10 year yield on the nasdaq you can say basically flat. a good auction for u.s. treasuries. , that seems to have taken the wind out of the sale of stocks. maybe a sign that investors aren't giving up on bonds and yet. haidi: we are still within striking distance. basically at record highs. you have the most saying going up to 10% for u.s. stocks. let's look at the set up here in asia. next as you can see. turning mildly positive. his looking to extend the decade high that the market is sitting there at the moment. come upnikkei futures we

kathleen hays is there for bloomberg. kathleen? kathleen: haidi, thank you very much. am joined by the governor of the reserve bank, previously serving as deputy governor. rbnz, hey years at us sovereign wealth fund, and he's here to talk about what is going on a jackson hole. , and of course what is going on at rbnz. one of the things that we will from jay powell tomorrow, is the economic outlook. what is your assessment of the global economy? would it support growth in new zealand, or is it more to the downside. >> we have been optimistic at, i should say. growth remains strong, despite all the headlines around trade wars, but they would have to become real and very vicious, because it can affect new zealand significantly. a lot of our products are either directly consumed or going into construction, that we export particular lead to the asian region, so we would have to see incomes fall quite significantly before trade was impacted. about,is thing to think and we are well supported by the moment by a strong exchange rate and terms of trade. : what are you most conce

this is bloomberg. ♪ kathleen: i am kathleen hays in new york.vonne: i am yvonne man in hong kong. u.s. stocks in the trade helpednt with mexico has the peso and the canadian loonie on the rise as well. su keenan joining us with more on the market recap. su: it was her much risk on this monday and wall street. of hislar was weaker deal, but we did have treasuries falling and yields rising. ands&p closing in on 2900 look at the nasdaq 100. it's a concentration at tech stocks. that one was up as was the russell 2000. it continues to be on a record-breaking streak in terms of setting all-time highs. let's go into the currency pa re of the u.s. dollar and the mexican peso. the peso strengthening on this deal, which is bringing a lot of optimism. not just to the major carmakers like gm that was up, but let's look at some of the big movers. was up 5%. the auto parts maker was up almost as much. automakers, auto parts makers, truckers, all raising on this deal. we saw biofarma as a sector. game stock taking us the drop. gamestop taking a's the drop. thi

kathleen, -- or want the hell. kathleen, do you think there is something on the radar? is communication going on through backdoor channels. it is not so much the european it is the lending to the corporations in turkey. when you think about these sovereigns, their largest importer is both area -- bulgar ia. it exports about 5% of their gdp to turkey. and sovereigns of poland germany being at risk, the ecb has tremendous incentive to provide liquidity. jonathan: the buzz word is idiosyncratic. getting told every time i bring up emerging markets, the problem is idiosyncratic and the local.er will remain have things changed? >> today, you are seeing more of a broader risk off tone. that makes sense because what is happening is for those funds that have exposure to em, they're going to want to make sure they have enough liquidity. you go to the most liquid countries to raise that loop quiddity. -- that liquidity. selloff in local markets but i do not expect that to last. this is not the asian currency crisis. we have floating exchange rates. most countries have used externa

kathleen, what an episode we have had.nusual is this for a credit like tesla to be acting like this? >> it is unusual. i do not know whether it is the heat of the summer, but egos are prevailing in the markets over the last week or so. it is also indicative of where the technicals are driving the market. it is all about what will the market there -- bear? it was just over a year ago we were talking about tesla and how attractive the new issue was. on a relative basis, it looked attractive. all of a sudden, the market is shifting because there are demands to be had when you issue in the public market. there is appetite for private debt because it seems attractive in terms of long-term returns. but is this just one more trap that tesla is getting into without understanding the way markets work? jonathan: the one-year anniversary of that 2025 notice is next week. for that maturity, a record low yield. what changes for that note? we have few details. does that covenant get triggered with the plan? >> it does not appear the cov

kathleen: ok. helen: i will not be much help on women's -- i hired them, i still hire them, i pay them well, but i have never been on emily's list and i am not a part of them. kathleen: ok, that is fine. matt: how about your committee service? we are interested about the way you received your committee guidance for the merchant marines and how important were they to your district? helen: they were very important in my district at that time. the public works dealt with a dredging.he i wanted to get my 50 foot channel in their early on, and i did in the first year. it was the last bill of the 99th congress. matt: and important to show progress to constituents, too. what were your impressions of walter jones? helen: i was very fond of walter. he and i became good friends. i had known him before when i was a newspaper person. etc. so, i knew walter from way back. and i liked him. he was a good chairman and also for the merchant marines. matt: how about the ranking republican member robert davis? helen:

sticking with me is kathy jones and kathleen gaffney. coming up, a record week for treasury issuance. it went fine. that conversation is next. this is "bloomberg real yield." ♪ jonathan: i am jonathan ferro. this is "bloomberg real yield." i want to go to the auction block now, where there were record auction blocks for the 10 year bonds and 30 year bonds. $18 billion for 30 year or so. it went fine. on the corporate side, more bonds sold than in the previous two weeks combined. one highlight was starbucks, $3 milliononed off of seven year, 10 year notes. issuance was nearly $9 billion, the second busiest week year to date and the most active since march. a high demand auction was bmc, it's saw $4.5 billion for the $1.5 billion issue. talking to securing funding, we now turn to elon musk and tesla. questions remain, is funding really secured or not? nowlon musk of tesla tweeting he is considering taking tesla private. >> going private at that level would not make sense. >> there is no mention of financing at all. even though he tweeted f

jonathan: kathleen gaffney, joel levington, and kathy jones. i want to get a market check of where bonds have been, stable until today. the 10 year treasury yield down by eight basis points. a bit into the backend, on a 30 year. a big week for retail, with earnings and economic data. this is "bloomberg real yield." ♪ ♪ this is "bloomberg real yield." it is time for the final spread. over the next week, will be keeping an eye on any news around tesla and a board review of elon musk. plus, we get retail data, brexit talks, and a ton of data coming out of the eurozone, including including cpi, and a lot on the u.k. including retail sales and more. still with me, kathy jones, joel levington, and kathleen gaffney. this week, there is a news flow with a really important move from the most talented portfolio manager on the planet, dan iversen. now central banks are trying to step away from the accommodation they provided to the markets for many years. their influence is quickly being replaced by that of politics. we think this means lower return and h

kathleen: my name is kathleen johnson. i'm with matt wisniewski, the house historian and we're happy to be interviewing former congresswoman pat schroeder from colorado. this interview is from the jeannette rankin oral history project to commemorate the 100thanniversary of her swearing in to congress. we are very pleased you are here today, congressman schroeder. thank you for coming. ms. schroeder: thank you, i'm delighted to be here. kathleen: we want to start off today just with a few general questions before we get a little more specific. when you were young, did you have any female role models? ms. schroeder: probably two. eleanor roosevelt. i was raised thinking she was an absolutely incredible woman. and amelia earhart. those were two women who fascinated me as a young child. kathleen: what drew you to those two women? ms. schroeder: my father was a pilot and i went on to get my pilot's license when i was 15. so there were pilots in the family. so this young woman out flying around i thought was pretty cool. and i t

let's turn to kathleen kennedy townsend. >> well, i would respectfully disagree.hink that president clinton did a very good job in lifting up the middle class. i think we had the best economic performance for middle class and actually for working people in the '90s, through the economic policies, and that was a very productive time. i think that president obama worked very hard to develop a strong middle class and obviously i think the healthcare bill, although it wasn't popular, really helps people because they know they can have healthcare, even if they lose a job. so i would disagree with the premise in a sense, but that's -- that might be understandable on my part. it is -- the question is -- and i think there are going to be a lot of democratic candidates, like i said earlier, who i think will reach out to different aspects of the democratic party and you will be able to decide who is going to do the best job of appealing, i hope, to all of us and that it's not just a faction of the party. >> again, our question which party has changed the most since 1968. yo

kathleen kennedy townsend, how would you address that sentiment? >> well i think it's an excellent sentiment. in fact when my father was running for president, he said the same thing. he said the same thing, how unfair it was that people who could go to college got out of the draft. and that the people who couldn't afford college didn't get out of the draft. he said that was unfair. and he said that to college students. so he was willing to go right into people who were benefitting from the unfair system and say, this is unfair. this is unjust. this is not the way this country should act. so i think my father was very clear that he didn't like the fact that so many people who couldn't afford college, went to vietnam and those who are well off were able to get out of it. >> from northeastern washington -- >> and he said it directly. what's unusual, i want to underscore, because oftentimes politicians tell people what they want to hear. and i think one of things that was unique about my father is he was able to tell people what they didn't want to he

kathleen: i'm kathleen hays. let's get a check on the latest headlines. acquisition is being criticized by union leaders. they say the deal threatens job competition and may do nothing to accelerate the 5-g.al of they add they have a history of targeting each other's customers the pair could prices.mean higher its bt -- has wrapped up $430.structure assets to selling to its brother as it tries to pair down its ballooning debt. del eal comes as the elinquent firms face a deadline. >> the all things 787 supplier affecting at least six planes and production of two more is being paused. include affected united, ana, taiwan's eva air shanghai airlines. the blog also says one has the dream delay and liner for air china is sitting in storage for unknown reasons. blue is the first major u.s. carrier to raise the cost bag to $30. it goes into effect on monday and the charge for a second bag same amount to $40. a third bag rises to $150. facing weaker revenue. rising fuel prices and other as growth costs slows. southwest is the only large u.s. airline now that does

kathleen cleaver. >> well, about dr. king had he remained alive, had his movement been able to implement the poor people's march and some of the projects that he initiated, it's not so much if king was still alive but if those structures for political change were still dynamic and being -- being funded and people could participate in them, then some of those goals could have conceivably been implemented, but king was assassinated and king was assassinated for very, very clear reasons. that that's exactly what the power structure did not want to happen. so we were left to our own devices again. >> dr. joseph, do you do what if history questions ever? >> not really, but what i will say is this, when we think about dr. king, if king was still alive, we've seen this transformed political landscape, including somebody who recently was elected president who never held political office. so i think there would have been tremendous pressure on him and we would have seen how he responded. he had responded always by saying no when

i agree with kathleen. things have to be done pretty andkly because as we saw 97, 98 come of the asian crisis, i don't add quickly to stabilize things. it does tend to make investors pull back and say i do not want to be invested in anything related to the situation. >> i think that is how the conversation has moved forward this week. it is not that people aren't -- expecting that to happen, it is the question is being asked. the times reporting about having concerns that there is some big european lenders with exposure. those loans are denominated in euros. foreign currencies. all of a sudden, you have a problem if you are a turkish borrower. is that the next leg of this? >> i think that is what the market is showing you today. we have moved on. this was not the first day we have had a lira down. distinctly as the first month. we have clearly moved on. i think one way to put this into perspective is i don't think there is massive turkey exposures. the whole concept of a sovereign bank doom loop where if yo

and kathleen hays.a for bank of england governor mark carney as he counts down his final year in the job. what he has to say about the program. that is underway. this is bloomberg. ♪ rishaad: you are back with "bloomberg markets." i am rishaad salamat. mark carney will not rule that out again before he leaves the bank of england next june, but he'd knowledges that brexit could change of -- acknowledges brexit could change everything. francine lacqua asks whether it would be risky to reverse course. as ae situation, not fundamentally changes. the important thing is this is the right decision for the economy given the track that it is on. obviously, there is a wide range of brexit outcomes that are possible. endwe all hope that by the of the year, we will be much better informed on which path areu.k. and the e.u. taking. in a variety of those potential would be they consistent with rates at the current level, if not higher. certainly, there could be circumstances where it would make sense to adjust policy

kathleen cleaver? >> to respond? >> yeah. go for t. i'm happy to hear you acknowledge that the backbone of all the movement for black movn black justice and black freedom and anti-slavery have been women, for several reasons. and one is that the attention on owe pressing men was so vicious that it was almost necessary for women, but the other one was that women took on that responsibility and women leadership has been a feature in the struggle against slavery, segregation, racism and part of that i think is because of the role of churches in the past, not so much now. churches are a gathering place for women who are activists who are supporting the leadership of male pastors, but essentially running these churches. so the base of social activism and political activism in black communities very frequently is women organizations and women leaders. >> from leesburg, virginia, max is waiting on that line for those 29 and under. go ahead. >> caller: thank you. i wanted to say that this has been a great conversation and i wanted to hugh for

are guest speaker is kathleen cleaver and historian peniel joseph. cbs anchor walter cronkite on 1968 announcing martin luther king jr. has been shot and killed. spain that evening, dr. martin luther king, the apostle of nonviolence in the civil rights movement has been shot to death in memphis, tennessee. all news bulletin for a well- dressed young white man running from the same. officers chased and fired on a guard rig both of containing two white men. dr. king was on the balcony of the second floor hotel room when according to a companion, a shot was a -- shot from across the street. the bullet exploded in his face. police keeping a close watch over the nobel peace prize winner were on the scene almost immediately. they rushed the 39-year-old [null] leader to a hospital where he died of a bullet when -- bullet wound to the neck. the mayor reinstated the desk to dawn curfew he imposed on the city last week on a march led by dr. king erupted in violence. the governor has called out 4000 national guardsmen. the police report has touched sporadic act

and kathleen also, you all are doing great work. continue that. >> thank you for giving us this platform. >> thank you for taking the time to be with us. >> live from the cbs bay area studios, this is kpix five news. >>> driver captures what could have been a nightmare, instead, one pilot now has an incredible story after using an east bay freeway as a makeshift runway. >>> a grass fire sweeping through the hills of fairfield and vacaville, comes dangerously close to homes. this is the latest of dozens of fires burning across the state. >>> the two men who might go to trial for the goshen fire are not the only ones in the hot seat. the victims families say they want the city of oakland to take responsibility as well. it is 6 am august 12, >> we will get started this morning with a check of your forecast. we are looking at low clouds

kathleen: my name is kathleen johnson. i'm with matt wisniewski, the house historian and we're happy to be interviewing former congresswoman pat schroeder from colorado. this interview is from the jeannette rankin oral history project to commemorate the 100thanniversary of her swearing in to congress. we are very pleased you are here today, congressman schroeder. thank you for coming.

kathleen hays is there with another special guest. kathleen, take it away.een: kristin forbes has .ong been a professor she has worn a lot of different hats. she was a member of the bank of england monetary policy board. she is a former treasury 2012, you gave the league paper on international financial contagion. fast-forward and here we are with not only contagion but plenty of emerging-market stresses and strains. turkey has become a bit of a poster child. and south africa having troubles. should we be worried today? we know on the unofficial agenda people will be talking about this area -- about this. contagion know about from 2012 and since is that turkey does not meet the criteria to be terribly worried about contagion. there is a checklist of what to worry about. there are not many countries with connection. most countries do not have substantial finance exposure. it is manageable. of the most important lessons we talked about in 2012 is leverage. when you have banking systems that are more leveraged they can to contagion. one benefit is the reforms o

our guest is kathleen kennedy tauzin --kathleen kennedy townsend and michael cohen. give us a better sense of mccarthy and why he entered the race and what his personality and clinical standing were like and why he faltered as the primary process continued. guest: mccarthy is an interesting figure. withsky, and intellectual very liberal policies. a very conservative demeanor to him. he believed in the political process. thatn because he believes -- believed that, he was fearful that democrats were opposed to the war and were going to create a third or fourth party. he said this in an announcement speech. he wanted to give them an outlet within the party and the process to again make voices known. traditional view of politics. he is best very radical policies as time went on during the campaign. who waslso someone lazy, did not really like campaigning, he would only say he is a more -- not a morning person. he would have a hard time talking to people sometimes. he could be very effective on tv and an effective politician. he didn't like the details of campaigning. mcc

kathleen kennedy townsend. thank you for being with us on c-span. >> it's good to be with you. >> in washington is michael cohen, and author of a book coming out in paperback later this year. president lyndon johnson, a key political figure is what we're talking about. what was his standing as the year began. >> the war in vietnam had become a political stalemate and there was a growing opposition and the population of the war had dipped. he was facing a primary challenge within his own party for the nomination from eugene mccarthy and then the tet offensive occurred. it showed the administration had been lying about the war. and things had fallen apart in vietnam. from that point forward it became clear that johnson politically would be hard- pressed to survive within his own party much less the opposition. >> what was the tet offensive? >>> it was a surprise offensive was the 1968. the viacom corollas took over the embassy briefly. the provincial capitals were attacked. the city of way was taken over by the n

kathleen hays is in wyoming. she gets around, certainly. set the stage a jackson hole, kathleen.athleen: one thing we learned his confirmation of what markets expect, fed watchers expect, september rate hike is all but a done deal. another rate hike would be appropriate soon when it comes making people conclude the federal reserve is headed that direction unless something really dramatic happens. jay powell, chairman of the federal reserve in that role, the fed chair typically kicks off the official opening of the sessions on friday morning in jackson hole. the kansas city fed in posey him and often uses the speech to send asap -- a policy signal. will his word reinforce what we got from the minutes and make more sense of the neutral rate and whether or not you should stop when you get to neutral. how much will these tensions and emerging markets play into discussions being held where you are? kathleen: well, there are two kinds of discussions and the name -- the theme of the changing market structure and the implications for monetary policy. this is more about things like amazon

anna: thanks very much for the update, kathleen. up very late for us, very early, one way or the other in jackson hole. kathleen hays joining us. michael simi,'s as it strategist at bnp paribas. asset strategist at bnp paribas. there will be a lot of focus on the political dimension. we heard from esther george. the political pressure will have no impact on their decision-making. is that the messaging you were expecting to hear? michael: the markets built up a lot of focus on this after trump tweets earlier in the week. i think what is really important going and it's kind of weather markets expectations have now got to. there is the case that the panel needs to outright dismiss those comments or is it if he says nothing at all, people might view that that he is viewing towards being more dovish? over-interpret the recent news flow. the panel will be optimistic. maybe a little bit cautious on the outlook. probably going to be pointing towards two more rate hikes this year. as esther george said, that is not a commitment. they need to

kathleen hays, joining us with more right now. what exactly does the president that, kathleen? kathleen: it's interesting because this is something we have been so focused on, the trade issues and many of the technical issues around autos and what part is made in each country, but this is something i think was not expected, that president trump saying is part of this agreement, and the two nations should agree on more transparency and currency matters. our news team did an interview with the mexichem economy thister, and he said that is intended to actually send a signal to nations that might be currency manipulators. isn't that interesting? many of them are in asia, at least many of them that could be labeled such. he said the u.s. mexico deal could include a system for resolution that is in essence something that is already in the nafta agreement. currency has been battered by a lot of forces. it's been very strong at times and very weak. a year or so ago, when the bongo to mexico was raising interest rates, it was very strong. what matters is the weakness of other nations cu

. >> my name is kathleen johnson. today we are happy to be interviewing former congresswoman pat schroeder from colorado. this interview is for the jeannette rankin oral history 105tht to commemorate the election andf her swearing-in to congress. thank you for coming. >> i'm delighted to be here. start off with a few general questions. start off with a few general questions. swearing-in to congress. i thought eleanor roosevelt was really pretty remarkable. rather than being a gorgeous glamour queen she was very interested in what was going on in the world and how she could contribute to it. .nd seem to have a lot of guts that was not a word that you would associate with women in the 40's and 50's. they were not supposed to have that. and she did. i just thought, good for her. >> what were the societal expectations for you as a young girl as to what you would be when you get older? >> it was the idea that you either became mommy or a teacher or a nurse. there wasn't a lot of options. of narrowly kind channeled. luckily

our global economics and policy editor kathleen hays is here now. kathleen, it seems like mr.is not going to be byerred by inversion or rising trade tensions could kathleen: certainly not over uncertainty for longtime used monetary indicators. which he was putting in this great metaphor for, you can guiding your boat by the stars, what about guiding it by policy stars? he also started out i saying employee or -- employment is at a 20 year low. no sense he is worried about the economy that would deter him from rate hikes. then he gets into this thing about past errors in the system of guiding by the stars. not sure what the nature of unemployment is he says navigating by stars is sometimes straightforward. he tried to guide policy by the stars when the stars are changing. he goes on. i think this is the part that markets care about. fed must avoid moving too quickly and hurting the expansion or moving too slowly and allowing inflation to get out of control and then you get overheating. he also said at the same time, he sees no elevated risk of overheating right now because he d

kathleen: did you enjoy the experience? helen: i did. and because i enjoyed it, is why the senators offer to come to washington. at that time, he was located in the russell building. members --only five five employees on his staff then. days, they went from january to june 30, because there was no air conditioning in the building. you got everything in those six months, then he went back to your home, or wherever. now, it didn't take me long to decide that i didn't want to be in politics. at the, i was upset questions and the demands of the constituents. belong inelt did not a u.s. senator's office. semester and a i said, i am going back. i was going to gw that night, and we would also play around staff people together on weekends, and that was crazy. i decided, i am going back to missouri. now, the first time i was in earning i had a job $.10 per hour in a drugstore which paid my expenses. and time, i was going back working during world war ii. so i was going back and working in a dining hall at the an hour.ty at $.30 pe big jump. one h

kathleen, do you think there is something on the radar for the ecb here that changes expected policy moves in the coming months? >> yes. i think she is exactly right.

yvonne: kathleen hays watching all the central-bank action for us.cing moderate declines. the fed did little to alter expectations for two more rate hikes this year. we have seen u.s. china trade tensions continue. joining us now is ayaz ebrahim, co-head of the asia-pacific regional team. we talked about all the central banks but it seems like it is one central-bank driving bond markets, the boj. if we continue the steep declines in the bond markets, is there a sense that perhaps there will be more volatility in the bond market? ayaz: the thing about the japanese, bank, the widening of the band allowing bond yields to move, it has more or less moved in expectations. although have seen decline, i don't think it is i think to get too worried about. other announcements might be more interesting. services,from the etf that could actually have an impact on certain sectors in the japanese equity markets such as financials and autos and so on, which actually complies a large amount. i would not be too worried about a yield move. i think the bank of japan ha

kathleen, it is not just the peso, of course. bearish once again, the lira back in play, last year largely on holiday, and these are kind of individually idiosyncratic stories that are going on. you have tos, but remember that all come from one story about the federal reserve interest rates and the stronger dollar and a trade war and all of the tensions around that and even the threat of u.s. sanctions. that is the big thing that hit turkey, and then there is the south african rand, and the south african national congress, if they go ahead to expropriate land from white farmers, making people think that maybe the u.s. will put sanctions on them, as well -- you are correct that there are some idiosyncratic stories, but this started the federal reserve, haidi. you, our global economics and policy editor kathleen hays. and from the center of strategic and international studies, with four decades of experience, our guest. the kind of bearishness that has taken another turn, and to carry on from our conversation with kathleen, are the

house of representatives historian, kathleen johnson, talked with us about their interviews with women in congress, which we're featuring on american history tv. and in about ten minutes, we'll show you their interview with former congresswoman, susan molinari, who served in the house from 1990 to 1997. >>> why did you undertake this project? >> well, the centennial of the election and proceeding of the first woman to serve in congress. she was elected in november of 1916 and seated in the house on april 2, 1917 when the house was called into a special session. congress was called into a special session by president woodrow wilson, when he asked for a decloration of war against germany. a momentous time. >> how did you decide you wanted to interview former congresswomen? >> we thought that would be the best way to look at the changing role and the evolution in roles of women in congress. we had an oral history program since 2004, and we learned so many things through these oral histories. we thought what better way to learn from the women who served and we also interviewed staff as wel

they're not above the law. >> kathleen clark and glenn kishekish er kirshner.e ivanka factor, the moderator position in the white house but does she have any influence on the way he comports himself? hi! how was your day? it was good. it was long. let's fix it. play "connection" by onerepublic. (beep) ♪these days, my waves get lost in the ocean♪ ♪seven billion swimmers man ♪i'm going through the motions ♪sent up a flare need love and devotion♪ ♪trade it for some faces that i'll never know notion♪ ♪can i get a connection? ♪can i get can i get a connection?♪ ♪can i get a connection? ♪can i get can i get a connection?♪ just for a shot. with neulasta onpro patients get their dayr back to be with family, or just to sleep in. 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 a

yvonne: kathleen, thank you.how a trade affectld [indiscernible] ramy: and we ask thomas murphy why he is buying in. this is bloomberg. ♪ ramy: president's trade war may be about to get uglier after a long hot summer. the hawks in the administration seemed to have gained the upper hand. let's look at the market implications. here, good to have you looking ahead to the end of the commentary period for this trade war, trade tensions between the u.s. and china. how optimistic or pessimistic are you that this will go ahead? i'm looking at this as a pre-election ploy by the trump administration. the worst of this debate will occur between now and the first week of november. this is a vote winner. among mr. trump's political supporters. i don't expect this to be cleared until early november. after that, it is a much brighter picture. deep down inside, the u.s. administration is committed to free trade. it is hard to imagine that is the case at the moment. they simply have not been negotiating in good faith. ramy: with

kathleen: absolutely.overnor was giving a speech yesterday and made it clear that the bank of japan will fight back against this race to push the top of that yield limit. he is the man given credit for developing the whole concept of yield curve control, trusted aide of governor kuroda. many are speculating he is the person at the center of this range, tohange this make what looks like a small step that is potentially a big make -- big step for the jgb market. rapidly if yields rise come of the boj will buy jgb's promptly. we saw that yesterday at the same time he was speaking. he also said there was brought agreement among members of the board to take this step. i think another sign he is tried to show the boj is china to take a step. one more thing -- boj is trying to take a step. one more thing, they are easing policies for an extended period. they don't want people to think they are backing away by letting the yield go higher. that is part of the puzzle, too. haidi: kathleen hays out of tokyo covering

kathleen: you have the official topic of the conference, and the unofficial topic.nk these global topics, there are so many central bankers from around the world, including emerging markets, this will be something closely listened to. it will be reported on by bloomberg news in the next couple days. thank you very much, kathleen hays. very early in the morning in jackson hole, wyoming. let's begin to the details of why we think jackson hole could be important, i want to bring up this chart. this is the extreme position we have. it makes the market a little more vulnerable,. >> it is interesting, you have the short positioning in treasuries. been putting on bearish bets expecting the yield to go back to 3%. if you look at the patent, you could be --it puts yields back above 3%. what is interesting, if the position is right, that is not consistent. normally, you would see a consolidation phase, positions as the market, volume dies down, liquidity gets decreased. we have seen the opposite in this case. pattern is not typical. at the moment, we are at the lower end of t

matt: let me get back to kathleen on that, then, on the trade issue.fidenttrump so that he is making the right moves with protectionist policies, with tariffs because the u.s. is such a closed economy and the u.s. is able to whether that thing -- weather that thing better than china or the eu? is makingdonald trump a short-term bet that in 2018 and potentially in time for reelection in 20, that the economic benefits that are being seen right now aren't going to be curtailed to the point of causing in political trouble. thosek whether or not policies are good economically in the longer term post-november 2020 isn't really necessarily at the forefront of trump's thinking right now. it there.ll leave kathleen, thank you very much indeed. bloomberg's u.s. political editor. simon french is going to stay with us. next, we will bring you the movers this morning. gaining after the ipo of the stock. roaring up another 3%. this is bloomberg. tradingminutes into the session this wednesday morning in europe. interesting movers this morning. let's find out the deta

kathleen richardson and i'm the director of the campaign against sex robots. and i don't view beings as objects i don't see this as interchangeable that you can replace a human with a machine and they'll do the same things because i think human beings are different from things. martina is a robot psychologist she's also critical of tendencies in the sex robot industry but also. has to be said ninety five percent of the sex robots that are currently available on the market of female stereotypes stereotypically passive. so on the one hand they object to find the human and often the female body. heads home and on the other hand these robots represent stereotypical relationship patterns. stereotypes that event carried into the bedroom sex robots are always a kind of slave. and. in barcelona the first sex doll bordello has opened its doors to the public experts agree sex with robots is here to stay will we develop feelings for these human old machines. it was a shock for me. my guess is that we'll very quickly develop personal relationships with these devices i'm p

bloomberg's kathleen hays from jackson hole. thompson and owens james barty, cross assets strategy at bank of america merrill lynch. let me come first you, murray, looking forward to jay powell's speech. changing monetary policy in a changing economy. what are you going to be looking out for? there is no doubt monetary policy is crucially important, but it remains nevertheless the gas we put into our cars. it is something necessary to move forward, but not what determines the size of the engine. i would like to encourage everyone to shift a little of the attention away from monetary policy and in favor of looking more at the fiscal policy and what the government is doing to alp the u.s. economy to be greater performing economy in the future. . howa: in that case come crucial is it for you that we understand what neutral is? debatedhis is a hotly subject among economists and all the diligent and excellent monetary policies put in place by central banks 2008 has protected us from another great depression, but they have perturbed a