here with us is alistair newton and lisa abramowicz.lastair: why don't we start with you -- alistair, why don't we start with you? is your bias toward an ever stronger dollar? or do you think this fellow stephen jen, is wrong and fed policy will interrupt the rally? alistair: let's make this that i am a political strategist, not a currency strategist, and your readers need to take that into account. i know the market is likely to soften. it has rallied for the last several days, but we have access in opec coming out right now. -- excess coming out in opec right now. look at the amount of oil going into storage in this country right now. you've got to say that nothing is going to stop the shale boom in the long-term even priced at this level. shale will prove to be remarkably resilient. that means the u.s. will move increasingly to domestic security energy over the next 10 years. that has to be dollar positive. i am not particularly concerned about whether we see the dollar softening in the short term, but relative to what? the euro? we

joining me to discuss is bloomberg's lisa abramowicz, and still with us is blackrock's global economist strategist. why is this good? lisa: the high yield bond index for chinese companies is gaining almost twice as much as u.s. high-yield and debt so what gives? basically, people have been waiting for this for a long time waiting for chinese companies to be allowed to default. in the past, chinese companies would asked up companies. it was hard for investors to get a true view into how companies were doing. now it's the chinese government is allowing the market to operate more according to free-market pencils, and it actually gives investors comfort . >> you are a strategist and investor. does it give you comfort? russ: i think there are still lingering questions about the chinese financial system, but lisa is exactly right. china has had a haircut on many of its financial stocks because of the opaque nature of the financial system. the fact that a company is a love to default, some of the liberalization we are seeing in the chinese financial sector on lending rates, the currency -- thi

a venture capitalist firm based here in new york and lisa abramowicz is joining me today.dies and gentlemen, for joining me. fast and furious seven set a record movie opening for april of this weekend. the seventh film of the franchise raked in $143 million in u.s. and canadian theaters. it is also the night a guest weekend debut in box office history. it features vin diesel and the late paul walker. >>, steve think it is really a factor of paul walker not being alive to see the debut, and the drama that came around his tragic death in 2013, if this would have spurred people to the theaters? >> i used to be one of those executives -- matt: obviously, the films have been going for a long time to we are on number seven now. people have been and is the beginning. the fact that the star was apparently a very nice guy, very good-looking guy, died in a flaming crash of a million-dollar porsche, it deftly did not hurt sales. >> i do not think the story was that much better than the others. matt: number nine, tesla zooms past its forecast. led by billionaire elon musk, it says del

tom: what is the so what in the lisa abramowicz world for america? spanish news. what does it mean for us here? lisa: well first of all, how can you possibly imagine your 10-year treasury yield shooting upward when people are paying for the privilege of lending to the difficult economy in europe. that is absolutely mind blowing. and the second consequence here is -- what does this do to investors>? ? testifies log -- this defies logic. brendan: it defies reason experience. that should happen. olivia: brendan, i have got a good credit rating, will you pay for the privilege of lending to me? brendan: i have no money. lisa: it defies logic for investors, that is my point. tom: can i say we are getting really interesting tweet response on jack and suzy welch? olivia: thank you for the segment. coming up, much more lisa abramowicz and also interesting conversation with jack and suzy welch. they will join us here on "bloomberg surveillance" to discuss their real book -- their new book, "the real-life mba." ♪ tom: good morning, everyone. let's get right to

we talked about this with lisa abramowicz. mpanies have any punch bowl in what is happening? lisa: absolutely. as much as janet yellen wants to raise rates right now, the control is shifting away from the u.s. and moving over to mario draghi in europe right now. brendan: i want to bring up a chart for those of you on radio. it shows the share for american investment, actually growing for the -- actually growing rapidly in the last four years. why is our portion of the debt much larger? lisa: right now, our deals in europe are plummeting. and the risk is creeping up. u.s. companies are saying, we can go overseas. we can sell debt to the yield start european investors -- which they really are, talking trillions of dollars of negative yield there. if you have a positive yielding u.s. junk-bond, it looks fabulous in europe. and even if these companies do buy cross currency swaps the differential is still cheaper for them right now. it's still cheaper for to sell debt in europe. olivia: and its companies including huntsmen that are

thank you to lisa abramowicz and carl riccadonna joining us.minutes away from ebay's earnings as well. we will be right back. ♪ alix: we are watching those earnings. let's get right to qualcomm. scarlet fu has those numbers. what do you have for us? scarlet: the important thing is qualcomm has reduced its outlook for the semi conductor business for the second half of this year. the reason why is for a decline in share of customers. earlier this month we had reports that the samsung galaxy s six did not use qualcomm chips. instead they use samsung's own chips. that may be a precursor of samsung using its own proprietary chips. there also some commentary -- there's also some commentary in this to improve operating margins. the second part of that is the usual talks from management. this is interesting because there happened pressure from activist investors are at split of its business separating the chipset business from the patent licensing business, and unlocking some value in that way. qualcomm's responses in the statement for now. alix: thank

not a lot of excitement in bonds as lisa abramowicz will be telling you shortly. me here on the set is lisa abramowicz -- and the guggenheim investment senior macro strategist. so great to have all of you here. what happened today? the stoxx kind of went nowhere fast, we had the 10 year yield move up significantly, almost of 22%. guest: these are just markets that don't trend. at guggenheim, we're sifting through this data. we were joking before the show started, do economists matter? we do. [laughter] we are trying to figure out the future and i think the markets are trying to figure out the future. some of the data looks great. some of the numbers look fantastic and some of them looked terrible. investors are just trying to figure it out. alix: we did have inventories rising and that could point to more investment. guest: i think we are talking about the notion of final demand for it goods and services and general. i think the demographic remains the elephant in the room and we are going to continue slow for the foreseeable future. alix: what did you make of the

i am joined by lisa abramowicz 's.tment management ceo and chief investment officer catherina would. talking about the comcast potential snubbing time warner cable. do you care? >> i really don't care. i that netflix is happy. alix: wide-out you care -- why don't you care? >> we look at this as old tech. you look at what google is trying to do. i think technology companies are finding ways around the duopoly's and monopolies. >> there is a reason why they are trying to join forces in the first place. the reason why they are looking to get more critical mass. alix: the terms of where do we wind up going instead and why we see so much consolidation. one trend we have seen is a strong dollar. taking a toll across the corporate sector. just today 3m, pepsi, caterpillar -- all failing this dollar crimp overseas. from where you sit, what kind of a detriment is this? >> the interesting aspect is the effect of the greater dollar is stronger than what analysts have been anticipating. is it a question of just the stronger dollar

joining us of course is carl riccadonna and "bloomberg news'" lisa abramowicz. action to this news that china has surpassed u.s. treasury's? lisa: tremendous news for sub you have got japan with negative yield, you have got europe with negative yield in a lot of places. central banks we looking to boost their dollar reserve. we are seeing that trend, and reduce the euro reserve. it creates a incredible technical element and it will keep feeling of wherever it can go. carl: this is breaking news -- i agree with lisa. [laughter] in all seriousness everyone was trying to devalue their currency, has to sell their own currency, and when you buy dollars you get into treasury securities, so there is a huge demand for treasury from foreign central banks. china will continue to have a solid appetite for treasuries as will japan, as will europeans, as will the koreans, write-down across the board, so anyone who is trying to have that trade advantage with the u.s. by devaluing their currency will be buying lots of treasuries, so this is not particularly surprised me. what i

alix: i am here with lisa abramowicz carl riccadonna and chad morganlander.data points that caught my eye was the import prices and they were week. if you take out oil, they were week. what is that end up doing? chad: i think the fed will move in september, october. that is on the back -- we have inflation at 1.5%, well below their target rate. the underemployment rate is still at 10.9%. nonetheless, they will go one-time 42015 and a systematic increase is completely off the table for 2016 as well as 2017. alix: when you take a look at the appropriations, you take a look at the markets and you see what chad's saying? you still get about that? karl: we have some very divergent forces beneath the surface on inflation. we get more information next week. you have inflation pushing higher. goods prices are falling. the rate of change on imports price growth is accelerating downward. that tells us the goods portion of the cpi will be very low. alix: industrial size down 6/10 of a percent. one of the largest in food and beverages. carl: you look through the details

john mckay and lisa abramowicz. brendan: coming back we are going to look at market movers. stephanie: it is time to bring you up-to-date on the top stories of the morning. futures were up almost 4% in london and new york via the saudi arabia raised prices from shipments to asia. saying global demand was improving. web texas intermediate is trading for more than $50 per barrel. you probably cannot go wrong betting on america's -- disney and -- disney's investing in draft king. in return draft king has agreed to spend more than half $1 billion in advertising on espn, which disney owns. and rolling stone will not be firing anyone in the wake of a harsh critique of a controversial story. it tells the story of an allegedly gang rape as a journalistic failure. the magazine says it will review its editorial practices. those are the top stories of your morning. brendan: we are going to the breaking news desk where chief market correspondent scarlet fu is taking a look at stocks that made history today. scarlet: the dow jones industrial average is near its best levels of the session

i'm here with carl riccadonna lisa abramowicz and a market strategist and portfolio manager who overseesn. let's get to why we are seeing the triple digit rally. really good jobs report, solid services data. >> it all turned around when bill dudley started to talk this morning. we were coming in expecting a softer open on the back of the jobs report. as we began to get commentary from the fed acknowledging obvious things weakness in manufacturing and retail and the jobs report, it is pushing up the expectation for the great increase which what was doubling the markets for the last six months. >> janet yellen has to be careful when she speaks. a lot times we get clearer insight into the inner circle of the fed when we listen to the other members in agreement with her worldview. we heard a very dovish dudley focused on the dollar. this is something a lot of fed policymakers have shrugged off. he showed more concerned about weakness in the energy markets the strong dollar, and signaled the fed will have a tiptoe approach to tightening policy. alix: the 10 year yield is under 2.0. >> i think

alix: joining me for the close is david balin and our bloomberg bond report, lisa abramowicz and economistist. we are coming down a little bit but there is more room -- is there more room to run or have we come too far, too fast? erik: i'd -- guest: people are certainly looking at what the employment is going to be, so i think there is room to run, but people are getting more cautious. we were talking just before we got on the year that investors have done two things i find surprising. they have been buying many more bonds than i expected especially in the u.s. expecting rates to stay low. they have also been buying more equity. i think people are confident but waiting to see how the data comes out. alix: is there a rotation of money in the bond market? lisa: there has been rotation into safer government that because it has done so well and is in a duration rotation, that's what it's called would people going to longer dated bonds. they are stepping back from that a little bit under going into riskier corporate debt. but it is selective -- it is not a free-for-all. it at the beginning of 2

alix: thanks, scarlet, and now we are joined by our guests again, we have lisa abramowicz and our other, but what struck me about this situation regarding as that we want to see how this makes sense, david? david: this has been up for debate in quite a while, and we did expect the people's bank of china to do something at one point, so i think we are finally seeing it come to fruition. this willingness to step into the market provides support when necessary that is much more meaningful. alix: carl, it seems like in some ways, china is up for the same did eight as the euro zone is but at the end of the day you actually have to have loan demands, and we have seen a that weakens china because companies have a lot of debt and it affects a number of sectors. carl: that's right, and chinese banks are leaning in that direction, but you have to create the inherent demand in the economy, and the animal spirits to have an effective bank-led stimulus program, so i think what will really be the cell though for china is a stronger europe and a stronger u.s.. alix: that's right, the experts are still

matt: i'm here with lisa abramowicz, carl riccadonna come and dan morris -- carl riccadonna and dan morrismentioned the strong dollar. that is probably the feds biggest concern going after all companies who do business overseas and something that may pull back on additional jobs. do think the strong dollar will be a limiting factor for corporate profits? dan: companies are bemoaning the strong dollar overseas. the march employment report come if you take it into the context of profit growth, is struggling. it looks more like a sustained trend than a hiccup. matt: a lot of company executives are commenting that they are not as worried now. scarlet has more revenue information from intel. scarlet: this is a gross margin forecast for the second quarter. it is looking for revenue this quarter of $13.2 billion plus or minus half $1 billion. that does miss the average analyst estimate of $13.4 billion. the only profitability metric it gives is 62% plus or minus a couple of points. analysts were looking for 60.8%. gross margin seems to be at this point a little bit better than what analysts had b

joining me now is lisa abramowicz and atul lele. did i say that right? atul: yes. terrible gdp number, what do you think we will see in the rest of the year? will we see a snapback in gdp or will we have to see economists revise their forecast downward? atul: we are bullish for a few reasons. the consumer out look is very soft. we are looking at industrial production which right now is midcycle. and we are going to continue to see capital investment grind higher. so we are more positive. alix: is that why the bond market made no sense today? you would think that you would have the terrible gdp number and a terrible step back that user up on the 10-year. lease and: there is a lot of confusion on the bond world. people are saying -- lisa: there is a lot of confusion on the bond world. and then treasury yields fall off. people had all sorts of different series but it was a different day. a lot of people wanted to say "just because." karl: i think that lisa is onto something, some kind of global value trade. it was not what was forecast given the macro economic data in