with me in new york is michael purves, guy lebas, and priya misra, td securities.re in argentina are throwing rates up to 40%, some would argue you are guessing now. what do you need to do to get this done? argentina is a specific case when it comes to e.m. and it almost brings us back to the brady bond days. think there has been a stronger dollar high rate in the u.s.. the argentina story is specific to argentina. jonathan: there is an idiosyncratic reason, where there is some string that aligns these two things, it is central bank credibility. there almost is none. you see that in turkey and in argentina. is that the similarity? has a prettyey loose monetary situation and fiscal condition that isn't construct of. -- constructive. both of those things -- you are going to get a little old-fashioned e.m. central bank and fiscal credibility issues converging at the same time. >> more broadly, the story for e.m. the last year and half has been to get longer yen and pay -- play the currency risk because the dollar will get weaker. the dollar move has made people more u

priya misra td securities and brian levitt of oppenheimerfunds.g surveillance" on bloomberg radio. good morning across canada. we are thrilled you are with us. i have to have an all loonie forex report tomorrow. good morning, canada. this is bloomberg. ♪ ♪ >> hold that thought. president trump gives 30 more days on the tariffs on steel and aluminum. that house of health care. turning to medicine today as pfizer reported earnings higher than expected. the fed and the economy. days and inflation trending up. secretary treasury mnuchin says there is no reason to worry. ."lcome to "bloomberg daybreak it is labor day. i am at work hard glad to be here. ftse 100 up. nasdaq futures down. .hey have recovered a little the dollar continuing strengthening