jonathan: krishna? krishna: 2.50.athan: fomc july meeting, 50 basis points cut, 25 basis point cut, or no cut at all? 50, 25, or no cut at all in july? andy? andy: 25. jonathan: krishna? krishna: 25. jonathan: greg? greg: 50. jonathan: great to have you with me on the program. greg peters, andy chorlton, krishna memani. fantastic to work through another massive week in the global bond market. that does it for us. the program returns next friday. 1:00 p.m. new york time, 6:00 p.m. in london. i will be on vacation. i will see you in two weeks. this was bloomberg "real yield." this is bloomberg tv. ♪ scarlet: i am scarlet fu. this is bloomberg "etf iq," where we focus on the access, risks, and rewards offered by exchange traded funds. scarlet: time for t-war. a timely etf designed to benefit from a prolonged tariff fight hits the market just before presidents trump and xi get ready to meet at g20. active with a dollop of passive. investment advisor ross gerber explains how he uses etf's to supplement his stockpicking. an

jonathan: krishna, do you agree with that? krishna: i don't think so.hael: it is friday, you can be wrong. [laughter] krishna: i think they are kind of operating with different technicals, different risk profile of their respective investors. that is probably the difference between the markets. jonathan: krishna memani, lale topcuoglu, michael schumacher sticking with us. i want to get you a market check. yields shaping up as follows. monster 18 basis points on the front end of the curve. unreal. two-year yields, sub 2%. still ahead, the final spread, the week ahead featuring an ecb rate decision and a big payrolls report. that is next. this is bloomberg "real yield." ♪ jonathan: i'm jonathan ferro. this is bloomberg "real yield." time for the final spread. over the weekend, china's tariff retaliation will take effect saturday. $60 billion of u.s. imports. tuesday, rate decisions from australia and fed speak from chairman powell, kaplan. thursday, rate decisions from india and the ecb. friday, a payroll report in the u.s. what are you looking for throug

krishna: not just yet.my needs to slow down meaningfully and more so in the second half of the year as opposed to second quarter. and if the fed does not react to that, then we would have a policy error. jonathan: let's get to the rapid fire round, shall we? three quick questions and three quick answers. first question, let's talk about mexican tariffs that may not happen. will the president follow-through on fresh tariffs on mexico, yes or no? lale: yes. michael: no. krishna: no. jonathan: can u.s. 10-year real yields hit zero before the end of the year? lale: no. michael: no. krishna: i sure as hell hope not. jonathan: high-yield spreads, just north of 400 basis points, which one will we see first, 3.50 or 4.50? lale: 4.50. michael: 3.50. krishna: 4.50. jonathan: guys, really interesting stuff. lale topcuoglu, krishna memani, and michael schumacher. thank you for the conversation. that does it for us. we will see you next friday at 1:00 p.m. new york time; 6:00 p.m. in london. from new york, for our audie

jonathan: krishna, do you agree with that? krishna: i don't think so.hael: it is friday, you can be wrong. [laughter] krishna: i think they are kind of operating with different technicals, different risk profile of their respective investors. that is probably the difference between the two markets. jonathan: krishna memani, lale topcuoglu, michael schumacher. i want to get a market check. yields shaping up as follows. over the last week, we come in a monster 18 basis points on the front end of the curve. unreal. two-year yields, sub 2%. still ahead, the final spread, the week ahead featuring an ecb rate decision and a big payrolls report. that is next. this is bloomberg "real yield." ♪ jonathan: i'm jonathan ferro. this is bloomberg "real yield." time for the final spread. over the weekend, china's tariff retaliation will take effect saturday. with an increase of tariffs of around $60 billion of u.s. imports. tuesday, rate decisions from australia, and fed speak from chairman powell, kaplan. friday, a payroll report in the u.s. to discuss, my guests. la

jonathan: krishna? krishna: 2.50.than: fomc july meeting, 50 basis point cut, 25 basis point cut, or no, at all? 50, 25, or no cut at all in july? andy: 25. krishna: 25. reg: 50. jonathan: great to have you with me on the program. greg peters, andy chorlton, krishna memani. fantastic to work through another massive week in the global bond market. that does it for us. the program returns next friday. 1:00 p.m. new york time, 6:00 p.m. in london. i will be on vacation. i will see you in two weeks. this was bloomberg "real yield." this is bloomberg tv. ♪ >> coming up on bloomberg best, stories that shaped the weekend business around the world. decisions, central banks make policy statements and find themselves tangled and political controversy. >> maybe this was the start of the currency wars. >> i have a four-year term and i intend to serve it. >> mass protests in hong kong key pressure on the government. president trump and president xi confirmed they will talk at g20. >> they have the ability to reset expectations.

krishna: 25. greg: 50.athan: great to have you around a table with me working through another massive week in the global bond market. that does it for us. the program returns next friday. i will be on vacation. i will see you in two weeks. this was bloomberg "real yield." this is bloomberg tv. ♪ hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone number! you have our fax number, obviously... today's xfinity service. simple. easy. awesome. i'll pass. crumpton with bloomberg first word news. president trump says the united dates was " cocked and loaded" to to retaliate against ir

retrospective at the vittra design museum illuminates the work of pioneering indian architect by krishna doxie that's up next and here's a look at what else is in the pipeline. in our color there is series tasty taipei my colleague meghan lu dives into the taiwanese hotpot. and in our continuing series on european nuptials traditional we see what it's like to tie the cypriots not. well it's not easy to sum up a career that spans 6 decades spot with its retrospective on balakrishna darcy the 1st ever outside of asia the vittra design museum brings his vast range of work into context for western visitors as an architect and urban planner da she was strongly influenced by water masters like here but always stayed very true to his indian roots or such that his work never loses sight of the bigger picture nor of the people it's meant to serve. new spaces unique forms expansive horizons with his architecture here on display at the beach design museum . she has always push boundaries. of course general form and formlessness. the form should not be finite but should be more for us. in the 1990 s

and my colleague melissa holroyd from culture has joined me to tell us more about krishna. absolutely amazing to me this man is 91 years old and yet it's also recent years that he's become a big name in architecture. yeah it is interesting because he worked with some of the greats worked on some very big projects with. and and yeah with a number of other very big architects. it was an it was only last year when he won the pritzker prize that he was sort of trust into the limelight and i think before that he was little known outside of not little known but he wasn't that well known outside of india. it's. obviously wasn't taking part in this whole whole sexy r. kapoor crowd but it seems he's got a much more humble approach that struck me is not famous for for designing airports or you know skyscrapers or things like that he's famous for designing houses and places for people to live in on the grounds is stuff isn't gimmicky and it doesn't follow he doesn't follow trends that much he does change over time perhaps that's a little bit why he's not he wasn't so well known and he

the palestinians say it's divorced from reality the president's son in law and senior adviser jared krishna presented his proposal today and bahrain it calls for investments of $15000000000.00 u.s. dollars but will it guarantee a peace dividend also coming up racing for the u.s. border but not all of these migrants will make it cold by mexican troops the video that is causing an outcry in mexico and the women's world cup it's the last day of round of 16 matches we'll bring you highlights of italy's win as the underdogs be china to book their place in the quarter. it's good to have you with us we begin tonight with the latest attempt to find a solution to the israeli palestinian conflict the u.s. today launched a bid to drum up $50000000000.00 to invest in palestinian economic development jared loughner u.s. president donald trump's son in law and also his senior advisor presented the plan of the conference in bahrain but palestinian leaders they've already rejected it calling it an attempt to further exploit the plight of the palestinians. these were the scenes across gaza and the west bank

krishna brought me something from the u.s. president in the state department there is an official map of the state of israel which had not been updated since the 6 day war well now it's been updated. brought me the new map which includes the golan heights is part of his row it's signed by president trump who writes nice so i would like to say that's very nice real nice we'll great stuff it may seem one sided entirely biased and completely in favor of israel but let me tell you this if a palestinian. had made the effort to marry donald trump's daughter things could have been very different what he didn't did the. final episode of h.b.o.'s chernobyl as tonight the series dedicated to the 1986 nuclear disaster response to controversy over its accuracy. i'm pleased to report that situation and you know what the state. is on fire. and every atom of uranium is like a bullet. some of them will not stop firing from 50000. the disaster happened over 20 years ago and is the largest nuclear accident in history almost 6 100000 people were

said in an interview he isn't certain the palestinian people are able to govern themselves gerry krishna's been meeting with israeli and arab leaders to promote his peace plan he also said that the palestinians were to blame for the u.s. stopping aid to the region. if you would be ok with all of those things that you guys have done the actions we've taken were because america is a does not entitle men and we get criticized by their government the response of this president's nazi home let me give you more aid so again now was as a result of decisions taken by the palestinian leadership palestinian leaders have already said that they will boycott a planned summit in bahrain at the end of the month palestinians accuse the us of bias in the peace negotiations and 2070 more seem to recognize jerusalem as the capital of israel relocated its embassy there and the u.s. cut off aid and closed its palestinian diplomatic office in march trying recognized israeli sovereignty over the occupied syrian golan heights. of palestinians reject what donald trump touts as the deal of the century the us presid

program axios krishna was asked why the palestinians should trust the trumpet ministration after it moved the u.s. embassy to jerusalem and cut all aid to the palestinian authority. the actions we've taken were because america is a does not entitle moment right if we make certain decisions which were allowed to as a sovereign nation to respect the rights of another sovereign nation and we get criticized by that government the response of this president is not so old let me give you more aid so again that was as a result of decisions taken by the palestinian leadership with regard to the palestinian people i do believe that they want to have a better life and i do think that they're not. being well they're not going to judge anything based on trusting me you're trusting anyone else they're going to judge you based on the facts and then make a determination do they think this will allow them to have a pathway to a better life or not want john hudson is the washington post's national security reporter who obtained that order of quoting of pump a 0 and he joins us now live from washington d.c

that keeps trust close to the vest the president ran his private business as a family business jerad krishna was trusted there and he's trustee here in this administration and television was a guy he had not known before it was an exxon mobil executive who had been recommended to trumpet the 2 just had clashing styles so trump allowed his son in law apparently to run for him to power diplomacy that the secretary of state did not even know about but what's different now with mike pompei oh is that pomp a will is a man that trump seems to trust he was the president's cia director and then he was asked to move over to the secretary of state position so that suggests a level of trust there that was not there with pillars of but what we don't know is if this dual diplomacy is still going on with jared kirshner carrying out his own policies and we may not know that until the next secretary of state comes along indeed plenty of questions remaining john hendren that speaking to us from washington d.c. thank you john. well joel rubin is the president of the washington strategy creep and was a deputy

krishna brought me the new map which includes the golan heights as part of israel is signed by president trump who writes nice so i would like to say that's very nice real nice real great stuff it may seem one sided entirely biased stand completely in favor of israel but let me tell you this if a palestinian man had made the effort to marry donald trump's daughter things could have been very different but he didn't did he. in this football club liverpool have won the champions league is the sink time a club has lifted the prestigious trophy and the fans the town painted the town red . the. the. the. with us. here on r.t. former manchester united manager joe as a marine air has been covering the ups and downs of the tournament in his on the touchline show in the latest episode he gives his take on the season that was and you can watch it in full on monday but here's a quick peek. what is the most important thing in football. to win on the river wanting. a bit confused thing tension to know in the engine room close to your body you aren't in a position that is not a natural position like i

krishna wrote me something from the u.s. president in the state department there is an official mark of the state of israel which had not been updated since the sixty's well now it's been up to the fronts of krishna brought me the new map which includes the golan heights is part of his room is signed by president trump who writes nice so i would like to say that's very nice real nice we'll great stuff it may seem one sided entirely biased stand completely in favor of israel but let me tell you this if a palestinian man had made the effort to marry donald trump's daughter things could have been very different but he didn't did he. thousands of pro palestinian demonstrators around the world are mark squad's day the day of jerusalem on saturday so i'm used artic asian to protest against america's approach to finding peace. that. it was good writer start. that is the right. guy at least. a football club at liverpool have won the champions league is the 6th time the club has lifted the prestigious trophy and the fans at home pain

krishna brought me the new map which includes the golan heights is part of israel it's signed by president trump who writes marks so i would like to say that's very nice. and now this follows trumps a full recognition of israeli sovereignty over the golan heights back in march that happened during a meeting between the 2 leaders when netanyahu was at the white house in washington this has. been denounced by the international community who consider the area occupied territories and that is the status they have accorded it ever since israel took over the golan heights back in the 1967 war at the same time we are hearing from the syrian side they say that the aerial defense systems were activated to strike at so-called enemy targets in the southern damascus countryside so certainly the situation between the 2 sides remains tense and both sides on a state of high alert who discussed the overnight hostilities with middle east expert at a risk on political analyst mitchell barak i think that what happened the order up and there is that there was which will last from the syrians is where i quickl

krishna brought me something from the us president in the state department there is an official mark of the state of israel which had not been updated since the 6 day war well now it's been updated krishna brought me the new map which includes the golan heights is part of israel it's signed by president trump who writes nice so i would like to say that's very nice real nice we'll great stuff it may seem one sided entirely by a stand completely in favor of israel but let me tell you this if a palestinian man had made the effort to marry donald trump's daughter things could have been very different but he didn't did he. live now to the general secretary of the palestinian national initiative for more on this most often wondered welcome to the program now in your opinion is question are capable of securing a peace deal. absolutely not the most recent statements of mr kirsch question of only show one thing that he is working for mr netanyahu the prime minister of israel and he is working for the most extreme and racist elements in israel he and his team the team of mr trump has shown one

krishna brought me something from the u.s. president in the state department there is an official map of the state of israel which had not been updated since the 6 day war well now it's been updated to judge krishna brought me the new map which includes the golan heights as part of his row it's signed by president trump who writes nice so i would like to say that's very nice real nice real great stuff it may seem one sided entirely by a stand completely in favor of israel but let me tell you this if a palestinian man had made the effort to marry donald trump's daughter things could have been very different but he didn't did he. in his football club liverpool have won the champions league it is the 6th time on campus after the prestigious trophy and the fans at home painted the town red. was the. was was the. was. was. with. karan arty former manchester united manager as a marine here has been covering the ups and downs of the tournament in his on the touchline show and the latest episode to get his take on the last season that

krishna wrote me something from the u.s. president in the state department there is an official mark of the state of israel which had not been updated since the 6 day war well now it's been suggested krishna brought me the new map which includes the golan heights is part of his row it's signed by president trump who writes nice so i would like to say that's very nice real nice we'll great stuff it may seem one sided entirely by a stand completely in favor of israel but let me tell you this if a palestinian man had made the effort to marry donald trump's daughter things could have been very different but he didn't did he. and you mean netanyahu has repeatedly voiced his support and friendship towards washington citing ties that have lasted decades stuff about the guzzi from the palestinian national initiative believes a concerted effort is under way to change international thinking towards middle east peace the most recent statements of mr question of only show one thing that he is working for mr netanyahu the prime minister

krishna brought me something from the u.s. president in the state department there is an official mark of the state of israel which had not been updated since the 6 day war well now it's been up to 8 hours of surgery krishna brought me the new map which includes the golan heights as part of his row it's signed by president trump who writes nice so i would like to say that's very nice real nice we'll great stuff it may seem one sided entirely biased and completely in favor of israel but let me tell you this if a palestinian man had made the effort to marry donald trump's daughter things could have been very different but he didn't do. the. course in sweden has rejected a request by prosecutors to issue an arrest warrant against wiki leaks co-founder julian assange in connection to a rape case investigation i mean sweden won't seek asylum is extraction from the u.k. . the district court has decided and right and now it is not proportionate to. pretrial detention there for mr assad in his absence because in their view it is possi

in the dog over some key areas of foreign policy rex tillerson accused white house adviser jared krishna of operating independently an outside of the state department. bahrain has recalled its ambassador to iraq after hundreds of protesters stormed its embassy in baghdad demonstrators than flags in anger over bahrain's hasting at the u.s. sponsored manami conference on peace in the middle east. and another 10 candidates vying to become the u.s. democratic presidential nominee are about to take to the stage for a debate in miami come to harrisburg and saunders and front runner joe biden are among various taking pops. well let's get more now on our top story the new release testimony by former u.s. secretary of state rex tillerson he described being blindsided when key arab allies imposed a land sea and air blockade on castle also a key u.s. ally to listen added he was not aware of a reported meeting between the and the leaders of saudi arabia and the u.a.e. just one month before the blockade was imposed to listen also confirms there was a lot of communication between questioner and the sa

well it's not easy to sum up a career that spans 6 decades spot with its retrospective on krishna darcy the 1st ever outside of asia the vittra design museum brings his vast range of work into context for western visitors as an architect and urban planner dotty was strongly influenced by water masters like here but always stayed very true to his indian roots or such that his work never loses sight of the bigger picture nor of the people it's meant to serve. new spaces unique expansive horizons with his architecture here on display at the beach design museum. she has always push boundaries.

retrospective at the vittra design museum illuminates the work of pioneering indian architect by krishna doxie that's up next and here's a look at what else is in the pipeline. in our coloring series tasty taipei my colleague meghan lu dives into the taiwanese hotpot. and in our continuing series on european nuptials traditionally we see what it's like to tie the cypriots not. well it's not easy to sum up a career that spans 6 decades spot with its retrospective on balakrishna dossie the 1st ever outside of asia the vittra design museum brings his vast range of. work into context for western visitors as an architect and urban planner duchy was strongly influenced by water masters like. but always stayed very true to his indian roots or such that his work never loses sight of the bigger picture nor of the people it's meant to serve. new spaces unique forms expansive horizons with his architecture here on display at the beach design museum . she has always push boundaries.

-- >> i think it's also -- yeah. >> krishna, hold on.rver put some stuff into context here first of all, i did three fed interviews last week and gave each one an opportunity to push back against the market pricing, and none of them took it that's one. >> yep. >> second one was john williams, who would not really sort of embrace what the market was pricing. he was like, i hear it, i see it, we're going to do our thing. is williams a little bit separate from, say, clarida/powell on this, would you say? >> look, i think that every central banker wants to be clear that they're not going to be dictated to by the market and john's probably temperamentally a little bit more in that direction than most. but i think the basic question they will all have to answer is has the shift in financial market conditions associated with rate cut expectations, taken them closer to their goals or further in their goals? and i think it's pretty clear when you look at the data, when you look at market inflation break-evens, when you look at the balance of risk

diplomats and financial aid as it was organized by president trump funen or in senior adviser jared krishna on hearing the palestinian response to his $50000000000.00 economic plan the 38 year old real estate investor accused palestinian leaders of not caring about their people so the question that leadership has to ask themselves what i just said do they hate their neighbor and israel more than they love their their citizens and their people and i think that that's a fundamental question that hamas is going to have to ask the palestinians see cushman and the trumpet ministration as having a pro israel bias they ask why if washington is so concerned about palestinians well being trump cuts hundreds of millions of dollars in aid to palestinians humanitarian organizations earlier this year. here in germany authorities say that a suspected right wing extremist has confessed to killing the politician vulture he was shot at his home in the western city of castle earlier this month. was a senior regional politician of a member of german chancellor angela merkel's conservative party the c.d.u. . t

congressional hearing last month to us an accused donald trump's white house adviser and son and or jarred krishnaof operating independently and outside of the state department well let's go straight to john hendren who joins us live now from washington d.c. john this was a 145 page transcript of to lessons testimony that's been revealed with plenty of revelations in it self talk us through some of the big ones. that's right it many members of the trumpet ministration have refused to testify before congressional committees run by democrats in the u.s. house of representatives but one of them who didn't was rex tillerson the former secretary of state is no longer and administration official and what he said in this more than 140 page report that you talk about is that he was running he was a member of an administration was running dual diplomacy that he often found that gerrard questioner was really running diplomacy in different parts of the world when he was the secretary of state and says that it was a frustrating experience to find that among other things he had to bump into an official from an

that's right jared krishna being very close to the crown prince of saudi arabia was often pushing a differentpolicy then you were hearing officially from the department of state and so you would have in the gulf crisis the administration speaking with 2 voices the president taking questioners side criticizing kids are and on the other hand it at the state department rex tillerson was trying to make things work so he's asked in the congressional hearing this is what you were asking me about a moment ago what's your reaction to a meeting of that sort having taken place without your knowledge she says it makes me angry why is that because i didn't have a say the state department views were never expressed and there's another incident in which he finds out that the foreign minister of mexico is in the united states in washington d.c. and the only way he finds this out is he walks into a restaurant and the owner of the restaurant tells him hey you might want to go back and say hi to the foreign minister of mexico and as he does so he sees him at the table with jared questioner and says welcome to

the brains behind all these projects is 90 year old architect krishna doll she wants his buildings to be more than merely impressive. piece of structure. the natural. shadow. is. a log. in. his own studio mirrors that concept it's a mixture of traditional influences and those of his mental. and i got. over the course of his professional life she has completed over 100 projects mostly situated in his hometown. being cleared housing estates like i. built for a textile company's employees. the vittra design museum in southern germany. is currently showcasing doxies work. amongst the exhibits a model of the iranian housing estate for people on low incomes in the late 1980 s. every resident was given a small plot of land with a toilet the rest they built themselves depending on their needs and using purpose built modules designed by. now some 80000 people live here. the notion of designing your own home according to your personal needs is more relevant than ever right now in western countries as well. as the housing shortage cities berlin especially are increasingly having to. well with ri

secretary of state has given an assessment of shared krishna's a long way to plan for the middle east the washington post obtained private audio recording of pump a is recent meeting with jewish leaders and here's a portion of what was in that recording i get why people think this is going to be a deal that only the israelis could do that he said i understand the perception of that i hope everyone will just give the space to listen and let it settle in a little bit jeff what you make of all of that i mean it's remarkably revealing it's it's almost shocking that he as the chief diplomat of the states of america would let that slip even a private meeting he should be a little more aware but we're happy nonetheless to be here eod because almost all of us are opposed to what is now being put on the table which is not going to get anywhere we know that this thing is absolutely being received with the cold the responses it's not going to lead to middle east peace to a 2 state solution any of.

proposal for peace in the middle east the plan was unveiled by a senior white house adviser jared krishna at a conference in bahrain on tuesday thousands of palestinians marched in protest in gaza and the occupied west bank they say they will not trade their rights for money palestinian leaders have boycotted the bahrain meeting and israel was not invited. a german charity ship carrying 42 people rescued from the mediterranean 2 weeks ago has entered italian waters kept in a sea watch 3 said they decided to sail towards the island of lampedusa because the situation on board was so desperate italy's interior minister matteo salvini as bar the ship from its waters saying it will be seized distressing images of a father and daughter who drowned in a river on the us mexico border has caused outcry over the dangers migrants face while trying to reach america on skin latinas and his 23 month old daughter died while traveling north from el salvador. in hong kong democracy campaign is a staging another mass demonstration in the center of the city is the latest action that they say is intended to

aggression or threat senior white house advisor jared krishna has laid out the 1st part of its middle east peace plan based on the $50000000000.00 of investment it comes ahead of an international conference in bahrain next week the palestinian government is boycotting the event. johnson who's tipped to become leader of the ruling conservative party in the u.k. has defended his character during a campaign event that's off the police visited his home over reports of a domestic incident johnson says voters want a leader who gets the job done. they may or shake time in behind me is in the pakistani capital for talks with the prime minister imran khan he's the leader to visit promising much needed financial investment as i have been just as. imran khan had to extend his hand to all his friends in the region even if they're no longer friends with each other he's facing a collapsing economy and needs their support even an afternoon snack has become a luxury for many of his countrymen people in pakistan are struggling to buy the basics as inflation reaches its highest level in 5 years. the go

last month now tell us an accused donald trump's white house advisor and son and daughter shared krishna of operating independent. the an outside of the state department he gave a number of examples including bumping into question and mexico's foreign minister as a washington restaurant he said the color drained from the minister's face when he greeted them to listen also he said he wasn't informed when saudi arabia the united arab emirates egypt and bahrain imposed a blockade on cats on more than 2 years ago and he recalled confusion among state department officials about who was actually in charge of u.s. foreign policy while our correspondent john hendren joins us live now from washington d.c. john the transcript of to listen to testimony covers some 145 pages give us the highlights. there's asieh this is like so much in the trump administration extraordinary rex tillerson says it wasn't just a case of shadow diplomacy or somebody practicing freelance diplomacy says it was due to plough mizzy in which often he was the lesser character who did not know what was going on is jared cushio