krishna: i think part of it was volatility in 2018.nterest-rate volatility and stock market lability. michael is right, some people got religion, but they have only gotten the first commandment. we are waiting on the other nine to come through. the point is, that volatility put a pause on the expansion of balance sheet that they were down the path of. tax reforms was a bit of a driver as well. at the end of the day, if the liquidity is available, if the market pricing of risk is relatively low, money is cheap, corporations will continue to de-lever. not at the pace they were doing before, but leverage is going up. doug: i think everybody gets religion. you look around the plane during turbulence and everyone is doing their own form of praying. you talk about a debt diet. if you look around the world, since the first quarter of 2009, and we came into this with $110 trillion of global debt outstanding, we increased it by $60 trillion. it is crazy. by the way, within that 60 trillion, about half of it is from china. so yes, we all need a

krishna: yes.athan: the spread between triple b's and double b's the narrowest in almost 10 years. long triple b's or double b? michael: triple b. doug: triple b. krishna: long triple b. jonathan: most crowded trades for the bank of america-merrill lynch fund manager survey. do you continue to stick with it or do you fade it? michael: our expectation is em is very attractive right now. doug: it doesn't trade like it is long. it had for a while. i don't believe the survey. krishna: just to be clear to doug's point, it was more about em. long em. jonathan: great to catch up with you all. that does it for us. this was bloomberg "real yield." this is bloomberg tv. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving

krishna: we are just smart. [laughter] krishna: all kidding aside. think the point doug is making is an important one. it is not just the size of the cohort, it is -- there are far larger companies in triple b's. the coverage ratios are good. looking at a specific number and freaking out is probably not the right thing to do. jonathan: krishna memani, doug peebles, michael temple sticking with me. a check on the markets, where treasuries have been this week, twos, hans, 30-year-old -- 30 year yields as follows. drifting higher on the front end by about five basis points. no drama on the longer end. up about 3% on a 30 year yield. coming up, the final spread. the week ahead featuring the fed minutes from the january meeting. that is next. this is bloomberg "real yield." ♪ jonathan: i'm jonathan ferro. this is bloomberg "real yield." coming up over the next week, remember, the long weekend in the u.s. means markets are closed this monday for presidents's day. later in the week, minutes from the fomc january meeting, existing home sales, and durable goo

krishna: yes.athan: the spread between triple b's and double b's than -- the narrow west in almost 10 years. -- narrowest in almost 10 years. long triple b's or double b? michael: triple b. doug: triple b. krishna: long triple b. jonathan: most crowded trades for the bank of america-merrill lynch fund manager survey. do you continue to stick with it or do you fade it? michael: our expectation is em is very attractive right now. doug: it doesn't trade like it is long. it had for a while. i don't believe the survey. krishna: just to be clear to doug's point, it was more about em. long em. jonathan: great to catch up with you all. that does it for us. this was bloomberg "real yield." this is bloomberg tv. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answer

agree with krishna, that that will ultimately be stimulative. stimulativeis how will it be, are we at the limits of our ability to stimulate in the traditional way? why isn't credit reflecting it? the reason, i think, is you still have reasonable earnings growth, and you now have balance sheet religion on the part of corporations. dividend cuts to do love her. have not heard that in a long time. now we are in a positive feedback loop for credit, taking cues from the market. from that standpoint, credit risk will probably be fading into the mind of the typical investor. jonathan: we will be talking about that next on the program. everyone is staying with me. coming up, it is the auction block, including italy returning to the bond market after attracting record bids for its debt offering last week. this is bloomberg "real yield." ♪ jonathan: i'm jonathan ferro. this is bloomberg "real yield." we go to the auction block where we begin with even more european sovereign debt issuance. demand for italian debt rising 43-your notes. this comes out week

krishna: we talked about at the last time i was here, specifically on this. ecb has no choice but to ease, as aggressively as they can. they will kind of move away from that as long as they can, but from a structural standpoint, michael is absolutely right. europe has a far bigger problem than the u.s., for sure, and has less tools than china. being on the wrong side of policy is risky for europe.

value for its developments for its advancements see the white house adviser jared krishna is expected to travel to the middle east later this month donald trump's son in law will present part of his peace plan for the region during his visit krishna will brief diplomats on the economic section of the u.s. proposal for peace between israel and the palestinians as told will take him to amman back rain saudi arabia the u.a.e. and qatar michaela reports from washington. administration officials say jared cushion will be accompanied by this special middle east envoy jason green blatt now he is going to be visiting a number of arab nations but interestingly enough will not be visiting israel according to administration officials the reason for this it would appear because of the elections taking place in israel in early april now the official say as well that kush no will be discussing the economic portion of the middle east peace plan as it is put now the official adds that they are well aware that arab leaders will want to know the political component of this plan before making any econom

krishna went to meet. them on the election campaign trail in abidjan nigeria's capital she who is visiting a private school he's the youngest ever nigerian presidential candidate and education is his central theme. until we stop to fix education it will be difficult to fix any other sectors in the nation who lived in the u.s. where he worked as a mathematic. lecturer he's calling for thirty five percent of the country's budget to go to war it's education. becomes a whole the school's principal is surprised to see a politician who understands education while the school receives no state support and is financed by fees affordable only to those earning good money. to government i don't think they have interests in developing education because of the quality of the dance we have. many of them done less inhibited location. and them they don't see education as something that would bring money to them so this was done with funding education that the political failures over the past few decades can be seen three h

told our adrian krishna he's confident of victory against. so what makes you optimistic that this time around you will have get the majority of nigerians voting for you i was able to secure the ticket of the party in a very very convincing. and then after that you know this is our laws state this was electioneering complained his grandson. we have been able to us as you know submit to your good bye to you and also the country due to the budget so that makes one rule for they have been many corruption allegations against you but you were never convicted by any called yet when you talk to ordinary nigerians is it here or in lagos many would say even your supporters they don't fully believe you that you were never in any form and offered to question why they think this conception of things you need to do then before they got in the you know they will have every reason to believe in me but why do you think this conception is still their position is there because my opponents are always latch on to that so i mean any accuser. to be done all the ti

will be discussing plans for peace between the palestinians and israelis at the meeting in warsaw krishna has been working on a peace plan for more than a year at least forty countries are expected to attend the conference but cyber erekat declined the invitation via twitter he wrote our position remains clear we are not going to attend this conference and reiterate that we have not mandated anyone to talk on behalf of palestine thailand's king says it's inappropriate and unconstitutional for his sister to stand for prime minister in next month's elections her candidacy breaks a long standing tradition of tired royalty staying out of politics she'll be up against the current prime minister a former army general who led a military coup in twenty fourteen when he reports from bangkok. the politics in thailand can be volatile and unpredictable this revelation took it to another level changing the political landscape. today i with other time party leaders have submitted the name of a nominate a prime minister for the party who is princess. cityward in a. straight away it all to the dynamics o

corruption a priority taking steps like improving transparency in government deals now reports to agree on krishna it's a public servant who said bihari is missing encouraged him to become a whistleblower but as you'll see in the next reports that cost of. the fight against corruption features large in nigerian newspapers it's also a huge part of aaron cass's life the civil servant walks for a supervisory body in the police force three years ago he watched his boss embezzle funds earmarked for advanced training the experience turned him into a whistleblower. i was encouraged because the system that was common in the government promised to fight corruption. i was encouraged because we have to speak out at some point i mean if everybody's afraid of something that we. complain. about is happening who is going to speak out. to stop to see if we're going to have a government that is going to fight. i don't think they'll have issues with them we're going to be because it was first threatened then himself reported to police on charges of corruption just for two days he was remanded in custody then he los

krishna joins us in lagos adrian is the election outcome good or bad news for nigeria. well of course it depends very much on whom you are talking to if you speak to the governments and their representatives they will tell you of course it is great they can continue another four years with their mission that campaign slogan was the next level and that's what they want to do now push the economy forward as well but if you talk to the opposition but also to business leaders in the commercial capital lagos the picture is quite different many are complaining about governmental interference that they call ineffective and you need to know that president obama ever since he was a military ruler of the country in the eighty's has been a supporter of political interference in the economy and starts for example was the interfering in the exchange rate in the currency exchange rates and it goes down all the way to ban certain imports often with good intentions but not very often with the success let's take for example rice imports banned rice imports what happens the local rice pr

speech at today's rally was shortz but it was filled with promises africa correspondent i've been krishna's in lagos and he sent us this map up. president mohamed to address his supporters for exactly three minutes his key message vote once again for another four years so i can fulfill the promises that i made already during the last elections four years ago and the three key promises he made was tackling corruption tackling the insecurity situation wide parts of the country and create employment but the problem is many people in nigeria have the feeling that apart from the fight against corruption he hardly made any progress the security situation is still a big problem a huge parts of the country and unemployment is actually rising this is why most people believe it's going to be a neck and neck race between president obama and his main contender. during the elections on saturday. in france an apparent arsonist has attacked the home of a top politician and ally of president emanuel mccrum national assembly head rashad say wrong shared photographs on his twitter account of his scorched liv

optimism that we can really see a democratic election here all right i did have a correspondent adrienne krishnain lagos thank you so much. now a u.s. envoy for north korea has expressed confidence that real progress can be made at a summit later this month between donald trump and kim jong un but the special envoy stephen begun also cautioned there was still work to be done ahead of the talks trungpa said the second meeting between the two leaders will be held in the vietnamese capital hanoi. it's the seventy first anniversary of the korean people's army and something to celebrate for north korea's leader kim jong un while the u.s. was buzzing with anticipation about the forthcoming summit he was saying nothing which was you know in june unsure what you wanted them to do or in washington president trump was convinced the great times lay ahead for north korea if the summit is a success it will become a great economic powerhouse he tweeted it will become a different kind of rockets an economic one. tribe believes there are grounds for optimism returning from pyongyang is envoy doing the groundwor

for joining us now from lagos in neighboring liberia is our correspondent adrian krishna adrian first of all why were the schoolgirls abducted and how are they released. so terry as far as we know they were released yesterday in the late evening around nine pm and then they are now reunited with their families again i talked to the bishop earlier today and he said it was separatists where behind the attack behind the kidnapping and she said simply to prove a point for them they want the school to be closed and apparently they were as successful because now the only remaining school in the region is now also closed it in the separatists regularly put pressure on locals to not send their children to school there who are these separatists and what are they fighting for. so the people of the anglican region of cameroon they have been feeling marginalized details already because they have a minority in the country that is dominated by a francophone by the french speaking government and the whole crisis escalated in two thousand and sixteen back then lawyers went on the streets doctors as w

middle east to promote a future peace plan that israel and palestine president from sun and or jared krishna was expect to accompany jason green blinds in a weeklong tour of gulf states the u.s. delegation will outline the economic elements of a proposal in the ending a decades old conflict with al-jazeera a senior political analyst marwan bashar joins me in the studio now we haven't heard much about this trip by cushion or so what was the purpose of the visit tell us look not to believe it's to build on the so-called momentum that the united states created in warsaw just a few days ago where vice pres the nz mike pence and secretary of state might propel you brought israelis and arabs together without the palestinians in order to advance the notion of some arab israeli alliance against iran now it's important for any american initiative in israel palestine to be supported by the arab world i guess what there isn't much left in the arab world most of it is either in conflict or a twenty four to of it jordan and egypt already have peace agreements with israel and three or four of them will ne

is possibly some more insights into this deal of the century that's been drafted we understand by krishna president donald trump's son in law and senior white house advisor however up until now has them the only real positive for anybody in here has been for the israeli prime minister benjamin netanyahu has been able to maybe show that his. country's government has been able to meets with arab regimes publicly obviously everybody knows they've been meeting in secret over the past few years but this normalization between. the israeli government has not become public and not something that's nuts and yahoo for sure will be happy about. and as far as the israeli prime minister benjamin mixon benjamin netanyahu is motivation for coming there as you say he's been meeting with gulf leaders is this his way of of telling the israeli people that i'm the leader. that you need do you need to stick with with the with the israeli elections coming out. of course i mean for sure you've got to read into the context of this i think the fact that he decided to talk about swore ahead of the elections is som

value for its developments for its advancements senior white house adviser jared krishna is expected to travel to the middle east later this month donald trump's son in law will present part of his peace plan for the region during his visit krishna will brief diplomats on the economic section of a u.s. proposal for peace between the israel between israel and the palestinians will take him to amman framed saudi arabia the u.a.e. and qatar. protesters in sudan are calling for the release of activists detained during weeks of demonstrations against president obama al bashir. the rally was called to express solidarity with the hundreds of people who've been arrested since protests over a rise in the price of bread began in december human rights activists say that at least forty five people have been killed president bashir has a knowledge that growing economic hardship has angered young people but he blames foreign sanctions for the troubles or the unrest in sudan is having an impact at all levels of society and it's not just dividing public opinion but also members of the same family i'

senior advisor to the white house he'll be visiting to present part of his peace plan for the region krishna will brief diplomats on the economic sanction of a u.s. proposal for peace between israel and the palestinians his delegation will visit amman bahrain saudi arabia the u.a.e. and qatar one hour from mike hanna in washington. administration officials say jared cushion will be accompanied by this special middle east envoy jason green blatt now he is going to be visiting a number of arab nations but interesting enough will not be visiting israel according to administration officials the reason for this it would appear because of the elections taking place in israel in early april now the official say as well that kush no will be discussing the economic portion of this middle east peace plan as it is put now the official adds that they are well aware that arab leaders will want to know the political component of this plan before making any economic commitment so certainly there will be some discussion of the political component to it but the greatest stumbling block still ahead in the fac

that you know speechless never given up the idea of how to yukio dominance with the ability to use krishna strikes nuclear capitation. by having this capability do not necessarily point to who does not immediately imply that they would like to show but. just a tremendous kind of bargaining chip in all negotiations you've been sure how count will be that you have to do you have americans have to come back to the negotiating table and to to reintroduce some kind of element. of. balanced should teach a course it was wallace before. ok to another a headline stories this hour a former acting director of the f.b.i. under the cape has provoked a firestorm of controversy by claiming both in a new book and in the media that the u.s. president is in the kremlin's pocket. do you still believe the president could be a russian asset. i think it's possible i think that's why we started our investigation i think the president as a threat is that what that means i think it's entirely possible i think that's one of the reasons why we opened the case against him we had good reason. to consider that the pres

expected to face a neck and neck race with the main opposition candidate our correspondent adrian krishna reports from yola in northeastern nigeria. sophia philip mudd and her colleagues at the federal hospital in yola may look happy but deep down angry in april and may last year they went on strike to demand higher pay but instead of a raise the government refused to pay them for the two months they didn't work nobody below us we need to get justice. we want dead then justice is throughout the country federal health workers are on a three day warning strike that will end on wednesday. the health workers demand for their remaining salaries to be paid by the federal government insist that they didn't work for these two months and this is why they will not be paid. union representatives accused the government of not focusing enough on the health care sector doesn't get what i wanted workers. which is that where we're going to say i'm going to get we do the same thing but. what is it on some of the members of his own about dozen of the. labor unions are threatening further strikes if the gov

meantime, our guests, krishna manhi, chief investment mment r and julia boorstin is standing by withbreaking news on twitter. >> twitter beating on the top and bottom line. while monthly users are in line with expectations, revenue growing to $909 million. that beats expectations of $868 million. earnings of 31 cents per share, six cents better than expected and up from 19 cents in the year earlier quarter. monthly active users decline by five million from q3 as expected to $321 million. that's just about half a million less than analyst expectations and that's the third straight quarter that this metric has declined the company announcing that it will not report this monthly active user number after its first quarter results. instead it will be reporting monetizable daily active users, these that's people who visit twitter's app and web site and not those that access with the likes of tweet deck. this quarter, twitter's users are $126 million, up from $115 million in the year earlier. twitter announcing 24% guiding for revenue on the lighter end of projections, guiding between 715 a

debate raging on whether the elections were in fact completely free and fair our correspondent adrian krishna reports from the commercial capital like. this is what is left of them oh by a polling station in the kotel the residents who are still angry show as a mobile phone video from election day a group of facts a tech to vote has and brought down the ballot from lagos this district is considered a stronghold of the opposition party. of power for wanted to vote but that didn't happen. by putting it there was just one police officer and he will not. win this game he was not going to do anything the police this one is not far from us just because they were calm but he said they did nothing and they had to go later they did it not only my putting it but so many put in these are running want to stop everything so nobody votes or people. so it's a very very bad business nothing like democracy really reduced in this part of the world right now. on social media there is a further attacks on polling stations in this part of the city the election authorities have not yet to determine whether or not

website twenty fifteen you know the biggest story the most recent revelation is has been surrounding krishna rinaldo this alleged rape case he's dealing with it's ongoing in the united states specifically las vegas nevada so that's the biggest that's continues to make headlines you know but as we heard of the report you know the alleging that gianni if it's you know if he was president was involved in helping clubs evade the financial fair play rules you know these things obviously caused a lot of outcry of justice you know in the public but it really changed when spud locations such as d.s.p. go and just a network of investigative journalist started reporting on these issues and that's why it's come to light and what's going to be no a budget. situation and the allegations that he's facing well the allegations are quite serious you know he's dealing. the portuguese government you know are trying to charge him with extortion violation of secrecy and also accessing information illegally you know and i think that's the biggest issue that he'll have to deal with but he did give stiff spiegel an

agnes kind of maher follow a weeklong mission to turkey to examine evidence white house aide jared krishna will travel to the middle east later this month he'll be visiting to present part of his peace plan for the region president donald trump's son in law will visit oman behind saudi arabia the u.a.e. and qatar the stalemate continues over breakfast leaders saying the u.k. would draw the agreement struck in november cannot be renegotiated although both sides have agreed to hold more talks to try to avoid the u.k. leaving without a deal thousands of people have been demonstrating in the haitian capital calling on the president to step down protesters say failed to investigate allegations of corruption in the previous government syria leone's president says the claridge sexual violence a national emergency the president's also announced an increase in the maximum sentence for a sexually motivated crimes from fifteen years to life in prison those are the headlines of people in power is up next. it's forty years since ayatollah khomeini returned from exile to lead a historic revolution in ir

agnes callum our follow a week long mission to turkey to examine evidence white house aide jared krishna will travel to the middle east later this month he'll be visiting to present part of his peace plan for the region president donald trump's son in law will visit saudi arabia the u.a.e. and qatar while the stalemate continues over breakfast leaders say the u.k. withdrawal agreement struck in november cannot be renegotiated although both sides have agreed to hold more talks to try to avoid the u.k. leaving without a deal. thousands of people have been demonstrating in the haitian capital calling on the president to step down protest a sage of n l moyes has failed to investigate allegations of corruption in the previous government in connection with. best event as well and subsidized energy program those are the headlines a.j. select is coming up next right here on al-jazeera stay with us. in the fertile lands of mesopotamia where the first settlements food the cradle of civilization iraqi people who've depended on the tigris and euphrates for centuries can no longer make a living on ri

with the united states ahead of the publication of the trump peace plan which according to gerard krishnaa few days ago is due to come out sometime after the april ninth election and so that is remains that their political stance as far as the the meat of the subject itself is concerned this is seen in a very different way in the occupied west bank that this these payments this system is seen as a part of life under occupation the people who carry out attacks are often seen as resistance fighters the same people that israel brands as terrorists and so for any palestinian leadership to abandon this practice especially on the israeli pressure would be all but politically unthinkable so it is a bit of a rorschach test as depending on on which side of the divide you stand and this is something that the israelis have been threatening for a long time the question now is exactly how the palestinians will respond benjamin netanyahu has done this in the face of warnings from his own security establishment according to widely reported leaks in the israeli media that doing this could risk making the

acceptable that was acceptable for the nationalists and for their liberals wager on they forgot about krishna and so they threw him out but he was useful at the moment know that changes are working in their group to include that way and then we failed this time just like they failed with us or with us so the problem was that the under such force against him which were unacceptable for the syrian people and for the seriously. you know these people they see and it will not physicalists of i have all of these witnesses look what good would think it would change the balance of forces in syria was the intervention by russia and iran which gave the way i think he did it to you that is and i want to go through that because that's not going to happen in the us savages we that's the big difference russia and china both of made significant investments in the venezuelan economy and iran has also started to make investments in the region that's why in this wall street journal piece i mentioned they're targeting now venezuela nicaragua and cuba and that the express intent is a monro doctrine rehash of dri

israel should be eliminated he was responding to comments made by trump's son in law and advisor jared krishna who is behind the latest american middle east peace plan is now on a tour of the region so barack out says any peace plan that does not include a palestinian state with east jerusalem as it kept as its capital is doomed to fail . at least five people have been killed by syrian government airstrikes encounter she couldn't a town in the rebel controlled province of idlib reports just the victims include three children and two women activists say intensified fighting has forced thousands of civilians to flee many have moved to camps near the turkish border ahead of in the region refugee council has accused yemen's three biggest a donors of hypocrisy saying saudi arabia the u.a.e. and united states a fueling the conflict and they learned was speaking at a donors conference in geneva where two point six billion dollars was pledged comes as u.n. secretary general antonio terror's says that teams arrived at the for food storage food storage peppers in the port city of her data laced pledge l

was just a friendly village just like before the war and potter says doff it changed later from for krishna that's a hit a hit and if i can i wasn't a mama's boy on my own what it taught i thought my mother was wonderful but it's horrible when parents are constantly hovering over their children they didn't hear them on the whole insets least not my father to keep it out not vetted by that my father lived in a different world that he only cared about condensed milk and having fifty seven percent of the market because that's what i know many mom does under the endless eugenie is control floyd people ask if i talk to my father already gave me advice of him it could apart from asking for a car or a new clothes no not really my father when it's charming but not when he's like my mother well the nice of its if you might imagine. that it is the perfect and she had an absolutely perfect nose. tim does dick on fairly thick eyebrows. you know white with wavy hair you might want always earrings with a pearl three diamonds in a pearl. and of photos in photos there is almost something but arrogant about