[laughter] jonathan: freedom is right, robin miller, mark okada -- priya misra, bob miller, arc okadaeat to catch up. this was "bloomberg real yield." this is bloomberg. ♪ ma i am mark crumpton. rk: president trump says he unleashed an economic miracle with this tax cut last year. the president spoke at a white house event marking the six-month anniversary of the passing of the 1.5 chile dollars measure. -- $1.5 trillion measure. candida is announcing billions of retaliatory tariffs against the u.s. in response to the trump administration's duties on canadian steel and aluminum. beginning july 1, some items will be subject to taxes of 10% or 25%. the canadian foreign affairs minister announced the measures today in hamilton, ontario. ms. freeland: canada has no choice but to retaliate with a measure of the great reciprocal dollar for -- perfectly reciprocal dollar for dollar response. freeland said, "we will not escalate and we will not back down." president trump once replacement for anthony

to build on that, mark okada, the duration story that points out, the other is issuance.are seeing big issuance this week to the high-yield. is the issuance story taking a bite out of high-yield? mark: i think we certainly could see that. we could see an increase in issuance across the m&a spectrum as it starts to heat up. it takes time for the deals to come together. pause a big cause -- big in february. we will see better issuance in the second half. given the technicals, 33 weeks of outflows in high yields, that could lead to a bit of widening. jonathan: a conversation i have with a lot of people is the difference between high-yield and leveraged loans in the united states. where is blackrock on the debate right now? bob: tricky question. the loan market has been a good place to hide. the front end, we think the front end of the yield curve in general offers a margin of safety now that it has not in the past, specifically 2.5% two-year notes seem fair. the loan market, we are witnessing a deterioration in underwriting standards throughout the market over the past quart

it opens on wednesday of next week, and it's written and directed by mari okada.al weavers who don't appear to age beyond teenage years. their idyllic land is invaded by marauders, by mortals. one of them is kidnapped and forced to marry a mortal king. another discovers a young baby who was wrenched from his mother's arms, and decides to look after the moral child. so it's a story about mothers and sons, mortality and immortality, and it's also a film in which we have spectacular visual set pieces and very small intimate scenes, one of which is here.

and directed by mari okada. the story is a mythical clout of celestial weavers who don't appear to age beyond teenage years. their idyllic land is invaded by marauders, by mortals. one of them is kidnapped and forced to marry a mortal king. another discovers a young baby who was wrenched from his mother's arms, and decides to look after the moral child. so it's a story about mothers and sons, mortality and immortality, and it's also a film in which we have spectacular visual set pieces and very small intimate scenes, one of which is here. so on the one hand you have that, and on the other hand you have these extraordinaire visual set pieces with huge cities in the sky with marauding action, flying beasties. the film has a 15 certificate for fairly strong violence. and what i liked about it was i knew nothing of the story beforehand. it worked because it's very, very over crank and its emotions, their alternative to 11. it's gore is absolutely tugging at the heartstrings. it's score is absolutely tugging at the h

and coming up, we're joined by mark okada.omberg. ♪ this is bloomberg. ♪ ♪ rope,draghi's tight saying the ecb will end asset prices in december, but will not raise rates until 2019. draghi's press conference on deck. shaking up the fed announcing a press conference. no more forward guidance and all rate hikes -- or rate hikes this year. president vladimir putin will talk about raising oil production with their energy ministers. david: welcome to "bloomberg daybreak." i'm david westin with alix steel. alix: i love the movie. david: is it interesting how the markets have reacted to the ecb decision? they said, let's take another look at it. alix: it was the two headlines. there was a higher euro call. and then a reversal. s&p futures pretty much flat only up four points. bank stocks got hit hard in europe. euro-dollar down .5%. the selloff in the bond market in europe has completely reversed itself. it is buy bunds. continues topread rise. . am watching crude time now for the morning brief. mario draghi will be holding a news co

week, maquia — full title — maquia: when the promised flower blooms — written and directed by mari okadatorial debut. the story is there is a mythical clan of celestial weavers who don't appear to age beyond teenage years. their idyllic land is invaded by marauders, by mortals. one of them is kidnapped and forced to marry a mortal king. another discovers a mortal child, a young baby, who was wrenched from his mother's arms, and decides to look after the mortal child, but she herself won't grow up. so it's a story about mothers and sons, it's a story about mortality and immortality, and it's also a film in which we have spectacular visual set pieces and very small, intimate scenes, one of which is here. so on the one hand, you have that. on the other hand, you have these really sort of extraordinary visual set pieces with huge, great big cities in the sky, with marauding action, with flying beasties. the film is a — i think it is a 15 certificate for fairly strong violence — and what i liked about it was i knew nothing of the story beforehand. it worked because it's very, very over—cranke

it opens on wednesday of next week, and it's written and directed by mari okada. appear to age beyond teenage years. their idyllic land is invaded by marauders, by mortals. one of them is kidnapped and forced to marry a mortal king. another discovers a young baby who was wrenched from his mother's arms, and decides to look after the moral child. so it's a story about mothers and sons, mortality and immortality, and it's also a film in which we have spectacular visual set pieces and very small intimate scenes, one of which is here. so on the one hand you have that, and on the other hand you have these extraordinaire visual set pieces with huge cities in the sky with marauding action, flying beasties. the film has a 15 certificate for fairly strong violence. and what i liked about it was i knew nothing of the story beforehand. it worked because it's very, very over crank and its emotions, their alternative to 11. it's gore is absolutely tugging at the heartstrings. and one of the things it's about, it's about mothers and children, but also that crying and trying not