neel kashkari says they are well anchored. evans sees them rising, particularly if you look at market expectation. however when the university of michigan did a survey and ask people where they see inflation in the years to come, right now the inflation expectations you in the survey hit -- view in the survey hit an all-time low. consumers are not seeing inflation.it will be interesting to see . that's one more thing to watch as the data comes. haidi: thank you for that. still ahead, our next guest says china's property sector will pull down next year. we talk about the risks and opportunities in asia with the president of ubs wealth management. this is bloomberg. ♪ haidi: a quick check of the latest business flash headlines. alibaba set to be considering a new bid from money gram, after a company says a rival offer could be a better deal. in january, they offered $13.25 a share in cash, but euronet worldwide increased to $15.20. worth just over $4 billion. we are told it is likely to make another offer. westinghouse is report

jonathan: that is coming up in 60 minutes with neel kashkari.this morning ahead of the market open, down .1%. , thel get you up to speed euro firmer, treasuries on offer up a basis point. rate sterling, the cable weaker on that news that article 50 would be triggered march 29. the vix higher, gold soft, but oil rolls over by another 1%. began,n: the trade games u.k. set to trigger brexit on march 29 according to the prime minister's spokesperson, the g-20 drops of pledge regarding protectionism. matt, what do we expect the games to be once they officially start next week? this british in administration that the u.k. chancellor, the exchequer, has even come to these meetings. eurogroup here that does not include britain. ecofinve to prepare for tomorrow. previously the exchequer didn't we expect to see him or his delegates tomorrow. we plan to ask how he will respond or how the other finance ministers will respond to this letter next week. i expect we will get a lot of news out of it, so this is the right place to be. jonathan: since the vote was

. >>> next a look at the financial sector with neel kashkari from the federal reserve back of minneapolis. he talks about the 2008 financial crisis and whether it would be possible to predict a similar event in the future. this is from the national association for business economics. it's 45 minutes. >>> all right. good afternoon, everyone. and welcome to our general session for this afternoon. i'm emily kolinski morris, the chief economist at ford motor company. and i'm very pleased to be here today to introduce and moderate a discussion with the president of the federal reserve bank of minneapolis, neel kashkari. so neel kashkari took office as the president and chief executive officer at the minneapolis fed on january 1st of 2016. as part of that role he serves on the federal open market committee, bringing the fed's 9th district's perspective to monetary policy discussions in washington. however, i do want to preface the appearance today by noting that after president kashkari accepted our invitation to speak here today the fed adjusted its plaqueout period ahead of its monetary polic

back to the neel kashkari comment about the balance sheet.seen is that the volatility in the bond market has been declining for quite some time and it continues to push lower. we are in a position where we do not know what will happen with the balance sheet and neel kashkari says that is a mistake and the fed needs to outline what it will do with the balance sheet. before we see the next rate hike. if that happens, no evidence yet, how do i get ready for it? andrew: a couple of factors, we think that the balance sheet reduction will start from january of next year. we brought that targeted forward as we have racecar path of rate hikes. in our view, the fed will focus on, not reinvesting in mortgage backed securities, it will retain its treasury portfolio. guy: you will get people hedging on the back of that. andrew: exactly, we think this will lead to underperformance of mortgages versus treasury as mortgages the fed will look to disinvest from first in order to change the treasury portfolio. that is the reason our strategists are underway on

we'll talk to neel kashkari, first cnbc interview.wk box" on cnbc. ( ♪ ) upstate new york is a good place to pursue your dreams. at vicarious visions, i get to be creative, work with awesome people, and we get to make great games. ( ♪ ) what i like about the area, feels like everybody knows each other. and i can go to my local coffee shop and they know who i am. it's really cool. new york state is filled with bright minds like lisa's. to find the companies and talent of tomorrow, search for our page, jobsinnewyorkstate on linkedin. >>> welcome back to "squawk box." >> ask for it and you will -- >> the nasdaq is very generous. they are in tune with our needs. >> you ask and they respond. >> that is really beautiful. >> thank you so much. >> that is beautiful. >> last week. >> thank you very much. >> we had -- the guy in charge of ipos. >> yes. he was here as a guest. >> were we still on camera? >> yes, we were. >> joe put him on the spot. >> a lot of times they have a spread out here, usually for companies that are going public or havi

ashley: all right, neel kashkari thanks for joining us. interesting point of view. we'll see if you can influence any other members of the fomc. we appreciate night thank you. ashley: let as look at markets for you. perhaps gaining a little bit of strength. 17 points. but it is 59.04 is the record nasdaq close -- 5904. as we head to the last half hour of trading nasdaq close to finishing at a record. we'll keep an eye on that. >>> also another big week for the gop's obamacare replacement plan of the president holding high-level meetings at the white house but will he be able to convince any remaining republican holdouts to change their votes? congressman phil rowe is also a doctor. he diagnoses the state of play at the house when "countdown" returns. kevin kevin kevin kevin kevin kevin kevin kevin kevin kevin trusted advice for life. kevin, how's your mom? life well planned. see what a raymond james financial advisor can do for you. when you're close to the people you love, does psoriasis ever get in the way of a touching moment? if you have moderate to severe psori

neel kashkari, a wonderful moment with the minneapolis fed. neel kashkari dissenting.iful new york. everyone in that view has a bracket for our international audience. they are a thing you do in march that go away in five days. this is bloomberg. ♪ >> deutsche bank prices and 8 million euro share sale. a year of flat revenue. steve mnuchin puts america first. america gets its way at the g-20 after they dropped a pledge to avoid protectionism and the federal reserve leaves dollar bulls wrongfooted. for a fourth straight day. good morning to our viewers worldwide. .elcome to bloomberg daybreak i am jonathan ferro alongside alix steel. david westin is way today. the sole dissenter of the federal reserve coming up later. alix: really excited about that, particularly his order of events. he wants a plant a pair the balance sheet and then a market reaction and then maybe a hike. jon: you just want a different set up to the f-150. alix: at 9:00 a.m. eastern, neel kashkari will be joining us. jon: in the markets, we squeezed out a week of gains. for the s&p 500, kicking things

neel kashkari is explaining why he cast the only vote against raising interest rates, saying economicmuch and the market is flat. we will hear more from neel on bloombergonday daybreak: americas beginning at 9:00 a.m. eastern time. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. turn to the g-20 meeting of finance ministers and central bankers in germany, trade at the top of the agenda. michael mckee is standing by. there is one word, and esther trump has talked about it -- mr. trump has talked about it, it is called fair. if we were to distill the discussions into one word, if this were the hub of -- is this where the hub of negotiations is taking place? michael: yes, and it is interesting, finance ministers and central bankers, trade is not usually center -- central to their agenda. it is becoming a sticking point. we are moving from the behind-the-scenes negotiations to face-to-face talks. -- spa a spot house house. leaders have ended for their first face-to-face meeting -- entered for

minneapolis fed president neel kashkari is speaking at that event. dallas fed president, rob kaplan is talking about the economy and monetary policy at a gathering in chicago this evening. as for data, weekly jobless claims at 8:30 eastern, followed by the february new home sales at 10:00. >>> consulting firm accenture reports earnings before the bell. after the loews, micron, gamestop and kb home. >>> the house is scheduled to vote on repealing and replacing obamacare with the gop's american healthcare act. president trump and house gop leaders are making a major push to get the 218 votes needed. late last night the white house reportedly offered a tweak to the plan by getting rid of the set of men mum benefiinimum ben insurers are not providing customers. >> let's go to fast money trader guy adami. how are you? >> thanks for having me on. >> our pleasure. let's discuss the bounce back yesterday in equity markets. do you frame that as a victory for the bulls? >> not necessarily. think about it, a bounce back, it wasn't some resounding bounce back. t

minneapolis fed president neel kashkari, james bullard will be speaking this morning.ne earnings of note today, blackberry out before the opening bell. it's been a light week for economic data. fed speak has really dominated and yet to make a big move in markets. clearly the fed has changed, shifted to a hawkish tone this quarter. opens up some uncertainty. will we see two more rate hikes or three for this year. the brexit talks are just beginning. plenty of uncertainty as to the economic impact that will be felt there. of course the trump agenda stalled this quarter when the healthcare bill failed. what does that mean for tax reform? what does that infrastructure? investors are optimistic. >> when you have the fed and political impact on bond markets, we're ending the quarter about 2.42% on the ten-year. it's not broken out of any range. 2.3, 2.6, it's been at that throughout the quarter. for all this banks soar one day and fall the other day, they have not broken out of that range. as you come back at it and look at the end of the quarter to the beginning of the quar

the lone dissenter, neel kashkari will be on bloomberg daybreak: americas beginning at 9:00 a.m.street time on this monday. that does it for us. we will see you next friday at 11:30 new york time, 3:00 p.m. in london. you have been watching bloomberg "the real yield." ♪ mark: from london, i'm mark. bonnie: and from new york, i'm vonnie quinn. this is the european close on bloomberg markets. mark: we are going to take you from new york to london with stories out of berlin, washington, and china. here are the top stories we are andowing on the bloomberg around the world. angela merkel for the first time with donald trump. the german warns of they may retaliate against any new u.s. import tariffs. a global rally spurned by the president and markets are beginning to lose momentum. emerging markets having their best week in a year. theresa may could be days

a programming reminder, the lone dissenter, minneapolis fed president neel kashkari will be on "bloombergk: americas" beginning at 9:00 a.m. wall street time on this monday. from new york city for our viewers worldwide that does it , for us. we will see you next friday at 11:30 new york time, 3:30 p.m. in london. you have been watching bloomberg "the real yield." ♪ . . ways wins. especially in my business. with slow internet from the phone company, you can't keep up. you're stuck, watching spinning wheels and progress bars until someone else scoops your story. switch to comcast business. with high-speed internet up to 10 gigabits per second. you wouldn't pick a slow race car. then why settle for slow internet? comcast business. built for speed. built for business. ♪ welcome- posts: hello, to this program. japan is going through many changes. this two-part series looks at how the country is planning to move forward and sustained economic growth by drawing on the maximum potential of working women, senior citizens, and foreigners. these solutions could serve as advantage of -- as examples t

a programming reminder, the lone dissenter, minneapolis fed president neel kashkari will be on "bloombergk: americas" beginning at 9:00 a.m. wall street time on thison from new york city for our viewers wodwide, that does it for us. we will see you next friday at 11:30 new york time, 3:30 p.m. in london. you have been watching bloomberg "the real yield." ♪ ♪ ily: it is one of the fastest-growing apps the world has ever seen that has revolutionized the way we express ourselves in a single photo. kevin systrom turned down a job for mark zuckerberg in college, shared a desk with jack dorsey as an intern with what would become twitter and in 2010, launched instagram as we know it. two years later, he reunited with zuckerberg and agreed to sell instagram to facebook for $1 billion. the company had 13 employees and

it is an important question for let us listen to what neel kashkari said about why he thinks the feduld not be worried. they are not at their 2% inflation target yet. i look at us repeating the same states over and over again because we are behaving as if 2% is a ceiling rather than a target so i'm hoping to remind my colleagues to take a step back and not keep repeating the same errors when the data are the calls for it. then we should remove accommodations. camp is more in the think of saying that we do not have to be preemptive. let us react to actual data. we have time. inflation is not want to get out of control. we can wait. betty: what you think janet yellen would say to that? kathleen: no. we are heading towards the dual mandate, jobs are growing, inflation is getting to the 2% target. not until 2019, it is not going to get there quickly. he's confident enough that it is. he was a very dovish fed official. a dell comes to the middle with everyone else, it is important. it has improved noticeably since the fomc took the first rate increase in december of 2015. this is an impor

and one of your colleagues, neel kashkari, dissented in part due to inflation, how do you feel?sly there's a lag and we have to be concerned about not getting behind the curve. core is at 1.7%. obviously our target is actually headline, so i think we're there and we're moving in the right direction. there will be a little bit of an overshoot, and that's okay. and that's appropriate. so it's not -- >> overshoot of inflation above 2%? >> yeah, it's not a ceiling. it's just a target. and what you need to be concerned about is not so much the number itself but the momentum. so people often think it's a threshold or it's -- what's the exact range, to me it's more of what it feels like. is it accelerating? is it decelerating? we want to stay around 2%. and i think we're pretty close to that. and the momentum is in the right direction. >> on the other side of neel kashkari are those who think maybe you're behind the curve. do you have any concern at all right now that inflation might be getting -- starting now and getting some momentum? >> no, i don't see it getting that momentum yet.

. >> steve, what about neel kashkari dissenting. >> we go doves and hawks on a left to right business -- basis. he would be the doviest member of the federal reserve right now. he has been pretty clear about what he thinks. i think there is a group who wont to let the economy run and risk more inflation. one of the things that's out there that's been discussed and there have been some liberal groups that have brought up this idea that don't get a lot of play on television here which is every time average folks get raises the fed tightens down on the economy. why not let it run. if you were okay with inflation below 2% or around 1% for a while, why not let it run at 3%. let especially minorities and their wages which forever run below -- >> that group has done so well the last seven years. >> -- people, wages going up 3% but inflation starts going up 2, 3, 4%. how does it help them? >> it doesn't help them to slow growth in the economy. real wages. >> did any of the tightenings slow the economy? is the stock market not higher. >> rick, i was asked a question. i am providing what i beli

thursday, janet yellen will talk minneapolisn and fed chair neel kashkari is scheduled to make more commentsrary was the lone dissenter -- category was the lone dissenter at the fomc meeting. i: i'm not opposed to raising rates when the data forces we are moving towards our domain a target. i'm asking, what is the rush to raise rates? joe: for all things onlated, go to fed the bloomberg. talk.turn to david co. -- david kotok. : david: always a pleasure. nice and cold up here. joe: we can change that. the market love to this rate hike. you agree with the market interpretation of the fed here? david: i don't think the market focused on the rate hike. i think the market focused on we are going to be very gradual, very slow, and we are in no hurry to shrink the balance sheet. the market got released because they are not going to shrink the balance sheet. when they do shrink the balance sheet, if they do shrink it at , it will be a very mild process. that is what the market celebrated, in our opinion. scarlet: why do you say "if they shrink the balance sheet"? you don't think it will happen?

. >>> next a look at the financial sector with neel kashkari from the federal reserve back of minneapolis. he talks about the 2008 financial crisis and whether it would be possible to predict a similar event in the future. this is from the national association for business economics. it's 45 minutes. >>> all right. good afternoon, everyone. and welcome to our general session for this afternoon. i'm emily kolinski morris, the

. >>> next a look at the financial sector with neel kashkari from the federal reserve back of minneapolis. he talks about the 2008 financial crisis and whether

minneapolis fed president neel kashkari is speaking at that event.allas fed president, rob kaplan, is talking about the economy and monetary policy at a gathering in chicago this evening. as for data, weekly jobless claims at 8:30 eastern, followed by the february new home sales at 10:00. >>> anti-terrorism officials in the uk have made seven arrests in the investigation to yesterday's terror attack outside parliament. willem marx joins us with more. >> reporter: seven arrests, six addresses across the country in london and birmingham and elsewhere were searched by police last night. 29 injured yesterday. 7 of them still being treated in hospital in critical condition. the attacker came across westminster bridge behind me in speed in a car mowing down pedestrians. one woman was forced into the river thames behind me. he then proceeded on foot having crashed that vehicle inside the parliamentary estate, the grounds around the palace of westminster where he attacked one police officer with a knife that man sadly succumb to his injuries. the attacker sh

neel kashkari is going to say something. then st.ouis fed president james bullard will say something. that's why i didn't think i needed necessarily to rush into this without the baseball talk. and then last night you probably already know this, how you could miss it, new york fed president william dudley say interest rate hikes are appropriate to reduce the risks of overheating. he also argued that even after the hike earlier this month, the federal funds rate remains inushi unusually low. dudley believes fiscal policy is likely to become more stimulative, but said there is consideribility uncertainty for those policies and their potential contribution to the economy. >> man, are you selling it. you are selling it. >> i did say anything at all? >> you left out the ecb. if you want to go there. >> i don't think so. let's go to washington. president trump is expected to sign two executive orders today aimed at trade. one calls for a study of past trade agreements looking at whether they delivered on promised benefits. the second order