jonathan: let's could the investors take now, we're joined by michael metcalf. michael, great to have you with us. i am waiting for the fed minutes. how close were they to hiking? it seems they weren't that close at all. michael: it is slightly confusing, i personally thought they would go in september. after froms we got the fed to suggest that it was a close call. i think markets were prepped for that last night. the minutes were more or less exactly what the yellen said in the press conference, that they weren't that close them are putting former weight on the international situation. jonathan: put this together with that ugly payroll support on friday and this explosion not about rate hikes but about more stimulus, i have to thank my colleague in the united states, overlaid with the amount of times qe4 gets mentioned. this chart almost a perfect correlation. look at that come every time markets a swing people start talking about qe4. shows -- bernanke mentioned it, there was a problem here where central banks look like the whole market. whenever there is mark

right, let's talk to michael metcalfe and get his take. china asu.k. ed to much as the government is letting us believe? michael: it is an interesting contrast to what we're talking about before. the reality is that china is still an extremely important player in the world's economy. they are attempting to grow. the u.k. is a smaller economy, so we do need the trades and investments. guy: we will come at a little bit later and continue the conversation. also, we will bring you highlights with john williams. this is "bloomberg surveillance," we are on your tablets, your phone and on bloomberg.com. ♪ guy: this is "bloomberg johnsonance," i am guy in london with tom keene in new york. as you look to everything this morning, what has caught your eye? -- always catches your eye. this is in his wheelhouse of economics. rich,lly, denmark is very something is rotten in denmark. vonnie, help me here. it is hamlet, i'm quoting shakespeare. guy: it wasn't hamlet who said that. vonnie: you are way ahead of me. from -- is tom: denmark is very rich but it's economy h