jim mccormick from natwest markets. my apologies to you.he question we've got to ask ourselves is whether the backup yield will be one of the most splendid opportunities we have seen for some time. that will be the debate. nejra: absolutely, particularly if you think it is a slight correction rather than a change in the bond markets. we've been talking about the impact on european bonds and the potential ecb disappointment. he pointed to the impact on treasury yields, something to watch. iphonennounces the new and might have thrown down the gauntlet to netflix. this is bloomberg. ♪ at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond. manus

go into place, and the economic data out of the u.s., let's bring in michelle girard, economist at natwest markets. she joins us from stamford, connecticut. if there was to be outflows out of china mandated by the trump administration -- and it is still speculation -- what would that look like in the treasury and equity markets? michelle: clearly, you can see the markets will react negatively in a short-term basis to any impediment to capital .lows in the treasury market, there would certainly be risk of some kind of reciprocity where perhaps we would see china buying less or selling treasury securities. those kinds of concerns certainly would be front and center. back, what allg of this reminds is, the trade war and the conflict with china is not going to go away. there is a lot of optimism about negotiations between the u.s. and china in coming weeks, a lot of speculation that we will see some kind of trade truce, and that the president is highly motivated ahead of the elections to come up with a deal. what this is a reminder of, this is a far bigger conflict, as you just said. , andfrom

chief executive officer by the royal bank of scotland to deputy ceo of natwest holdings.nced in april that he would be leading -- leaving rbs within the year. and more cuts on the way at commerce bank. the german lender plans to eliminate 4300 jobs. expected to sell its stake in a polish bank. that's the business flash update. >> coming up, demanding change. protesters around the world are demanding action from the government to combat climate change. we are going to discuss activism from these people that is changing the conversation. this is bloomberg. tens of thousands of people around the world demanding action on climate change. the students skip school and workers walked off jobs to participate. bloomberg is part of the covering climate project, which includes 100 news outlets. here with maurice bloomberg's will wade. these -- of >> i think it's millions of people. protest on of climate action, is this thought to be the biggest mass thing we have seen? especially with huge hearings in new york. what i think is notable today, how much is centered on young people? to

she is currently deputy ceo of natwest holdings. rose will replace the ceo. year he would be leaving rbf. -- our bsp are diane viviana hurtado. f.anks -- rb i am viviana hurtado. alix: thanks, viviana. we spoke with martin chavez, and he spoke about what it was like to be one of the only openly gay man on wall street and the diversity workforce. in the being that man 1990's, it was very clear to me that i did a good job and the firm valued me and treated me was, and might be a day never an issue. it never has been for me, not since the beginning. do not have a lot of company, i will say that, and that is more that has space, that is something you have to process on your own and decide whether that is going to stop you, or if it is just going to be an observation that you make along the way. and then actually i will say in the specific instance of being laughed in one of my best career moments was when all of a sudden come out of the blue, i got asked to go to buenos aires to talk about risk management in spanish. it is something my mom always said when i was