we have had a collapse in volatility across most financial one ofand at the rest the primary factorsiving them comfort in a world where we need to go in search for coupons. design what's by the fed are trying to do, particularly as it relates to fixed income volatility, treasury volatility, and moving higher through 2018. this signal that we are on hold for the foreseeable future. that really comes down and pushes people into risk asset. jonathan: that has been a story for the first quarter of this year. whilst the growth data is on a declining trend, it's difficult to see where we would find a sharp inflationary impulse and that is really the primary factor that will cause central banks to flip back. at the moment, while that impulse is quite low, it's quite difficult. thisthink that we see opportunity in risk asset as being a window, it's not going to be open forever. for the next three to six months, we do seem to have some blue skies for risk assets. jonathan: a few months ago i asked whether you like jay powell and you said the reason he did is because he makes mistakes. he has

this is something that pelosi passed out ofand the house in 2010 and he got filibuster in the senate. the president has been open to parts of that and he wants his wall money in return and he wants some changes. it will be interesting to see what happens on all of these issues. host: less than 20 minutes left in our week ahead. we will take as many of your calls as we can. kathryn watson you have dave in ohio, republican. caller: i would like to refer to something mr. dennis said earlier, referencing illegals counting for representation in the house and the electoral college and i don't think a lot of people know or understand that, when you consider that the latest m.i.t. reports on illegals tells us that between 20 million and 25 million illegals are out there and if they are counting towards representation in the house of representatives and the electoral college, that is political power and the issue is, those are noncitizens impacting the power of the politics in our nation and i don't think a lot of people understand that. of 20ou get to numbers million, you are talking about mo

some value.be we will exchange the bonds that wheel, 20 -- the 20 30's are the rest ofand africa, we flat, we do not that -- andia, angola we have added two more recently. manus: let's see what the risk is for south africa. they have their election out of the way. a great conversation, come back and join us very soon, kevin daly, aberdeen asset management portfolio manager. coming up, we will dig the -- dig deep. gives us his first interview of the day. you don't want to miss it, joining us. this is bloomberg. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. this is "bloomberg daybreak: europe." side, theresa may's plan is torpedoed. will t

[applause] millions ofand: be americans who are speaking out against this administration's towards women t and children at our border. that is brave. and the formally well behaved women who organized, ran for office, voted in record numbers , isone in 2018, that, too brave. day in and day out, americans are making a choice. choice to resist the backward poll of this administration and pushing us toward a better future, and it is brave choices like years that have inspired me to take on the fight ". -- take on the fight that others won't. it is because i have chosen to too.ave, the people of this country deserve a president were the -- worthy of your bravery. your bravery inspires me every day, and that is why i am running for president of the united states. [applause] sen. gillibrand: thank you. by coming here today, we are -- weg a powerful message will not let anyone or anything divide us. give control of our country to corruption, greed, and powerful interests. we will keep showing up and we will keep fighting back. [applause] sen. gillibrand: the fight ahead , but there ising hope. w

artistsamerican women very often in the 1960's and capitalized on the currency ofand to encouragecons legibility of their work, to audience to engage with the work. but at the same time, probed the kind of political and social exclusions that were present in the works of others. you in this case, ringle's work, u.s. postage, which is part of a large series works, as you see the american people series. this is number 19. postage commemorates, advent of black power. the first african-american an american stamp was washington, the 10 crepcent stamp in 1940. then harriet tubman. in 1963, a black graphic designer, george aldon, created for thememorative stamp emancipation proclamation. this becauseng you kennedy literally signed off on is part of the museum in d.c. this image? what do you have obviously in the successions of rows? pardon me? >> black power. >> you have black power. black power. postage. air mail. you're absolutely right. ten cents. pardon me? >> 1967? >> 1967. where is white power? >> up and down. >> right. embedded you have -- you see? t, e, white, the i, power. that she'

this is something that pelosi passed out ofand the house in 2010 and he got filibuster in the senate. president has been open to parts of that and he wants his wall money in return and he wants some changes. it will be interesting to see what happens on all of these issues. host: less than 20 minutes left in our week ahead. we will take as many of your calls as we can. kathryn watson you have dave in ohio, republican. caller: i would like to refer to something mr. dennis said earlier, referencing illegals counting for representation in the house and the electoral college and i don't think a lot of people know or understand that, when you consider that the latest m.i.t. reports on illegals tells us that between 20 million and 25 million illegals are out there and if they are counting towards representation in the house of representatives and the electoral college, that is political power and the issue is, those are noncitizens impacting the power of the politics in our nation and i don't think a lot of people understand that. of 20ou get to numbers million, you are talking about more c

that is when you come into the idea of and that is when you come into the idea ofand a that is when youonger extension. donald tusk floated it today, saying, he will appeal to the eu 27 to be open toa will appeal to the eu 27 to be open to a long extension if the uk finds it necessary to rethink its brexit strategy. the irish foreign minister saying similarly that a long extension, by this they mean a year to almost two years, would give a long reflection period to the uk about the kind of brexit it wants. the appeals for the eu is for the chance for the uk to go back to square chance for the uk to go back to square one, chance for the uk to go back to square one, rethink, and come up with a path forward that has real consensus. the concern of the eu is that even if a deal exclusively in the next few days, how stable is that as a basis for a future relationship? so, there are some appeal in the idea of a longer extension. lets talk about the likelihood of all members agreeing, because each of those 27 has to say yes. they absolutely do. whatever sort of extension it is, the process to b

the bank ofand single market rules with no say? the bank of and have advised against that.ation are referred to that committee, and members of the eea have a right of reservation, which means that the postal directive for insta nce means that the postal directive for instance has still never been implemented by norway, because they don‘t like it and ijust implemented by norway, because they don‘t like it and i just say implemented by norway, because they don‘t like it and ijust say no. that right would extend to us if we work tojoin. that right would extend to us if we work to join. does he agree with me, even under wto rules, every single uk export into the eu will still have to comply with all eu rules and regulations? there is no way that once you regulations? there is no way that once you leave the eu you can somehow remain a rule maker within the eu? it is absolutely correct, and every single producer in this country is hardly going to have one set of rules for their uk sales and their european sales, they will have one standard set of rules and they will probably be f