but for ad agency boss michelle morgan, it led to burnout, and her taking 18 months off work to recoverens to a company when the boss burns out? i've violently, physically and mentally burnt out. when you start a business, i think you are responsible for everything. there is a narrative around investment and scaling and brushing and speeding and growing. that is not always the definition of success. i think that getting myself out of the way was the best thing for me andi the way was the best thing for me and i also think it was the best thing for the business as well. for yea rs, thing for the business as well. for years, i thing for the business as well. for yea rs, i love, thing for the business as well. for years, i love, love, loved what i did and suddenly that was gone. i sat on my stairs and just felt like i can't go on any more. the most important part of recovery from me was creating space. that space meant taking time out of the business and really not doing very much more, not planning very much more than that. for me, a good day was if my husband encouraged me to get out of

exhaustion is something that most people in the start—up world can relate to, but for ad agency boss michele morganolent burnout and her taking 18 months off work to recover. what happens to a company when the boss burned—out? 0ur correspondent has the story. when the boss burned—out? 0ur correspondent has the storylj violently, physically and mentally burnt out. when you start a business, i think you are responsible for everything. there is a real narrative around investment and scaling and speeding and growing, and that is not always the definition of success. i think that getting myself out of the way was the best thing for me, andi the way was the best thing for me, and i also think it was the best thing for the business, as well. for yea rs i thing for the business, as well. for years i had loved, loved, loved what idid, and years i had loved, loved, loved what i did, and suddenly that was gone. i just sat on my stairs and just felt like i can't go on any more. it was easierfor us it was easier for us to talk about my heavy periods and my thyroid and my heavy periods and my thyroid and my impe

morgan and still with me michael -- -- bob bob michele.ith what is happening with the currency policy, things have changed. what the chinese are doing is the right response. what we have seen is they stepped back from the currency. they are willing to let the trade determine where the is. -- they areg to willing to see where the market is pricing it. that is a good response. for the pboc it is the right thing. they will allow some banks to invest again and ease regulations. liquidityo redo track -- they are trying to redirect liquidity. the chinese are having the right response. jonathan: there are many ways to look at the giants -- chinese currency. when you look at it, what story do you see? lisa: i think the dollar and the currency is trading roughly where we think fair value is. depreciating in the trade basket, looking at euro and asian currencies. that makes sense. the trade right now is going more toward asia. we expect more weakness coming into the basket. the u.s. is a tough call. we just were discussing what the u.s. policy respo

bob michele, jp morgan, thank you very much. bob: thank you.athan: we will be back before the year is out. from new york, that does it for us and we will see you next week. from new york, this was "bloomberg real yield." ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. >> rooms for everyone. china's ceo talks but rival. how it can help them a jump in u.s. exports. >> i'm alix steel. welcome to bloomberg commodities.

morgan today? diana amoa and bob michele, you are sticking with me.going to check on treasury through the week. closing out last week with a yield curve, but it was flat at about 25 basis point. today we steepen. into the close of the week a , steeper curve, very slightly through the end of the week. next up, the final spread, the week ahead. featuring a decision from the ecb and mario draghi. this is "bloomberg real yield." ♪ ♪ jonathan: i'm jonathan ferro. this is "bloomberg real yield." we are live from jpmorgan asset management this week. it is time for the final spread. in the next week, a rate decision from the european central bank, plus you have a g20 weekend meeting of finance ministers. another round of earnings including european banks and fintech. and a latest reading on u.s. gdp. i am joined by bob michele. he is global head of fixed income. i want to go over your for conviction trades. do you believe the federal moreve will raise four times and then close? bob: absolutely. that brings the fed fund rate to 2.75% to 3% depending where infl

michele as well. is that a pitch from jp morgan today? diana amoa, senior portfolio manager. b michele, you'll be sticking with me. in the markets now to check on treasuries through the week, 2's, 10's, and 30's. closing out last week with a yield curve that was flat, flat, flat at about 25 basis points. today, we steepen into the close of the week, a steeper curve, very slightly through to the end of the week. next up on the program, the final spread. the week ahead, featuring a decision from the ecb and mario draghi. this is "bloomberg real yield." ♪ jonathan: i'm jonathan ferro. this is "bloomberg real yield." we are live from jpmorgan asset management this week. it is time now for the final spread. coming up over the next week, a rate decision from the european central bank, plus you have a g20 weekend meeting of finance ministers. another round of earnings that includes big tech and european banks, and the latest reading on u.s. gdp. for some quick final thoughts, i am joined again by bob michele, global head of fixed income. bob, we want to go over your four conviction t

morgan hill is 95-percent contained this morning. it broke out yesterday afternoon... d burned >>> good morning, it's 8:25. i'm michelle griego. d killed four horses and burned more than 50 acres. >>> police think these seven men are responsible for the graffiti in san francisco. the district attorney's office filed 52 felony indictments against them. >>> the xo music festival planned for antioch this weekend is in question. more than 100 acts are slated to perform. but many are pulled out citing alleged financial disagreements. >>> stay with us; a look at traffic and weather in just a moment. >>> good morning. 8:27. we are getting reports of a grass fire. this is in the east bay right near 242, and you can see the smoke in the camera shot near 680. so anyone heading there, fire crews are aware of this and are heading there. you may see some smoke and slowdowns if you are traveling through the concord-pleasant hill area. we will take a look at your ride as you make your way along highway 4, delays approaching the port chicago highway and 224 and your ride is slow especially southbound heading towards highway 24. speeds are in t

morgan. >>> well market closing for the day. let's go to jack question danglis. hey michelletaking a hit down 4% wti tropic under 70. brent closer to 70 when just last week we talked about brent may hit 80 a big sea change here. the main reason for the move treasury secretary mnuchin saying some countries might get the waiver on the iranian crude. the goals to get the allies to zero but the white house acknowledging it may not be possible meantime supply issues in libya getting a bit better also the speak of the summer driving season behind us now so enough reason to turn the tide here. >> jackie thank you. >>> drug prices continue to rise even with warnings from president trump. look at this headline in today's "wall street journal. am bee yn price rude awakening some drug makers boosting costs of products despite mounting pressures are the hikes sustainable? joining sus elliott wilbur p raymond james the analyst behind the study mentioned in journal thanks for joining us. >> good afternoon. >> when you look at what president trump did with pfizering the bully pulpit to get

morgan moving 2.5%. lagging, 3m, coke, ibm, and travellers melissa. >> well, michelle, more than twn pounds of meat are sitting as exports slow due to the latest round of trade disputes this could he tletden process for meat processors. joining us on the cnbc news line, the research analyst at pivotal research group tim, great to have you with us >> thanks, melissa >> when was the last time we saw such a glut in meat, and what happened to margins in the processors >> well, it's been years maybe 2009-2010 since we've had anything like this, and, you know, there's an old adage in the meat beusiness. you sell it or smell it. this is an industry that can't really inventory product very well small changes in export market can have a profound effect >> that's very memorable, tim. sell it or smell it. is there -- is there an advantage, though, to the companies that don't necessarily sell fresh meat, but process it in some form and maybe freeze it if you have a process of meat company that -- that could be a positive for margins we follow post, for instance, which owns bob evans farms, and as pork prices are soft, tha

morgan stanley saying it will overn by the end of 2018 concerns of the latest effort. debt burden.a's our economy reporter michelle of singapore. when you talk a lot about the global tightening cycle. there are many exceptions, alicia is one of the. widely talking about potential cuts? >> we were sitting surging inflation and the philippines so the total is quite different. as we talk about higher oil prices because of an energy, and eventually and whether the u.s.gest on -- stronger dollar. a lot of uncertainty about the policy changes playing out. that means for the debt because there are a lot of questions on the website as well as, the inflation cycle we are seeing a hacker will supply them a push him prices. reason for them to join a business but to see inflation returning to. -- inflation turning down a bit. looks like it is easy instead of typing. -- tightening. >> day-to-day, you are seeing all sorts of distractions that is what you see it in a fight with the government's message about all the books are in a mess. they need to do a lot of cleanup from the previous government. thes still in wait-and-see --