the cash rates -- top of the priority list for the rba.f the government will rule out a more quantitative easing package alongside that interest rate cut. certainly he did indicate that would have some impact on the currency. a recent rba article, they do believe conventional qe would have an impact. cuthey do a package, a rate associated around $100 billion worth of easing, there is absolutely further downside risk to yields. we think that broader package could compress yields by 30 to 35 basis points. to be clear, we have seen some of that move already play out given the signaling from recent rba announcements over the past few weeks. haidi: we have the new zealand trade numbers out when it comes to the august trade deficit coming in at 353 million kiwi dollars. exports pretty much bang on expectations. 353 millionn of dollars i should say, the trade balance deficit. also more in line with expectations there. this comes after the rbnz said they would be launching a new stimulus toward the end of this year, seen as a precursor into going

expecting the rba to keep rates. and the singapore market 0.6% lower. quick check on the currency is, we've got a fifth straight monthly drop for the dollar. bloomberg dollar index down by 0.25%. the yen, a tad weaker. euro currently moving to the upside, as is sterling. just got to tell you that we've got bullish bets on the euro. let's look at what else is moving these markets. august,allying hard in despite calls for a correction. big tech at the forefront of this. what are people suggesting? can tech continue to outperform? [indiscernible]

sophie: the situation mean some economists are expecting more action from the rba.n the monetary policy toolbox? paul: not a great deal. we have rates at a record low, quarter of 1%. that cash trade and the three-year hitting low at 10 basis points in the next three months. that is not the majority view. the majority view is the cash trade stays buried is in the rba starts to ramp up its bond buying program. we did hear more from the government last week, a landing facility for banks has been expanded and extended, but there is concern around the aussie dollar. that has climbed more than 25% from its march low. the one thing neither the rba or economists expect is a negative rates. -- is negative rates. >> paul allen there. next, hss the trading -- the pace for trading -- asia sets the pace for trading. this is bloomberg. ♪ ♪ we are seeing some nerves in the market with u.s. futures under pressure amid anxiety overstretch valuations and in asia, we have futures under pressure as well. holding,ace, officer trading near a 2019 high. check out cable, extending losses f

i think the rba wants to do whatever it can to help the recovery. really think it is the price of money at the moment that is holding back the recovery. it is uncertainty about the path of the virus, and about future income. i think below has been on the money when he has said to the government, this is about jobs. this is about creating jobs. so i think the pressure will really be on the government, particularly for its october budget, to come out with something very substantial. both in the near-term for the fourth quarter where the stimulus is dropping off sharply. but also for the more medium-term. and perhaps the states will have to step in with more spending there as well and -- on the infrastructure side. sophie: what more stimulus can be expected on the fiscal side of the equation? the government wants to avoid negative growth. felicity: yeah, that's right. they have lots of options. we expect they will probably bring forward the tax cuts that are currently scheduled for 2022. we also expect that there is a good chance that they do another c

the aussie dollar is holding a two-day gain ahead of the release of the rba.ctivity data. the aussie dollar is slightly under pressure because of that. thatrgan is forecasting cnh and the yuan has more room to run. momentum is running into some strong resistance. we want to highlight iron or prices. in singapore, they are stalled somewhat. oldman had boosted its iron ore price forecast to 2022. we are seeing bhp gain ground in sydney so far this morning. sydney stocks are up 0.2%. also keeping an eye on contest airlines as the cap -- on qantas airlines. shery: let's get more perspective with mliv strategist, mark cranfield. mark come that we have seen with shoes are of these eight-year tenure, japan's benchmark doubling. today, we're seeing pressure. what are we expecting from suga office.in mark: on balance, investors like the continuity of a man who has been on top of the japanese leadership for some time and is familiar with everything they was doing and will not really divert too much from the future, it should give confidence to international investors. w

again these lines in response to the rba mulling for the policy options.with central banks, one top fed official police inflation -- official believes inflation will exceed targets. saying the new approach to lifting prices will work as it begins to react less aggressively to the virus crisis. economic andlobal policy editor that there is already enough fiscal stimulus to get the u.s. economy through the recovery. -- he told our editor. >> we react less aggressively to shocks i think that will lead to higher inflation, and higher inflation expectations, and we will an epic it exceeding the target. -- we will end up exceeding the target. if there was ever a time when a gradient are in place. you have gigantic fiscal deficits, combined with a more relaxed central bank. and really rapid growth, off the charts rubber growth, so you probably will cash off the charts rapid growth so you probably will get inflation over the near term in the next year, so i do not think it will be as quiet sent as it was before the pandemic. >> you also said friday that you see, a

the timing of former easing by the rba and seeing that the rba will be cutting rates and announcing arogram. seeing that weighing on the aussie dollar, down by about .5% against the backdrop of broader dollar weakness. shery: let's now get a quick check of the latest headlines. top indian conglomerate reliance industries is said to have asked local suppliers to ramp up smartphone production over the next two years. we're told reliance wants a version of its geo-device that would cost about $50 u.s. and run on android. it would be marketed with low-cost wireless plans. they struck a deal with google in july which sees alphabet invest more than $4 billion. german chancellor angela merkel threatens to trigger criticism at home and abroad by resisting a sweeping ban on huawei's 5g technology. she is holding out of against security hawks in berlin and rig -- and rejecting pressure from the u.s.. the chancellor is refusing to compromise on her view that germany must not single out huawei with targeted legislation. ipoese so-called homecoming has raised a combined $2 billion u.s. in hong kon

the rba, the way they fit into this, we are above 70 ever so slightly.boning from a lot of central banks has caused the dollar to strengthen from its recent lows. they are satisfied with the currency, but they are very cautious of the fact that a lot of the strength in aussie so far , at least since the depths, has been that global reflation trade, which of course as we know from past cycles is not sustainable. it does not reflect a real strength of the real economy in an organic sense. manus: we know those inflation targets are pretty darn hard to leave. that is the great fed debate. stephen gallo with bmo capital markets, our guest host this morning. a vote of confidence coming from king and on hsbc. ofy are confidence in terms its overall trajectory. bumpy brexit week ahead. how will the pound react? ♪ >> good morning from bloomberg's middle east headquarters in dubai. i am manus cranny. it is daybreak europe. these are your top stories. the new york times says the president lost millions and paid hardly any income tax in recent years. .sbc surges sha

. >> the rba releases its quarterly bulletin today.xpect any more clues on future policy settings here? paul: it's possible it's worth a look. it's a little unlikely, but the bulletin tends to be more of a collection of thoughts on broader domestic macro themes. the last one drew some pretty interesting comparisons between policy responses to the covid pandemic and the spanish flu over 100 years ago. that report was encouraging by the way it showed a sharp rebound there. so we might see something in that bulletin. we may also hear something from the head of domestic markets at the rba. she's giving a speech today on in these of sound data troubled times. the rba ministers tweet does not give any clear signals on any future change in policy although they did say they will continue to consider how further monetary measures could support the recovery. the westpac chief economist, bill evans, took that as a sign there might be a discussion around a further rate cut sometime in 2021, especially of unemployment keep -- if on a plumbing keeps

from the rba today, we expect them to stay on hold at 0.25%.don't have a whole lot more room and it's notable when you look at just the month that we just finished, august was the first month this year across asia-pacific central banks, 13 of them, that they did not have an interest rate cut, and that is not altogether good news. it's a sign of a lot of them being close to zero. a lot of them are running out of firepower, looking for other tools. they are looking to their fiscal authorities and saying we need some more help. we cannot be the only game in town. bankad: that reserve decision is coming up in 41 minutes time from now. senior asia economics reporter michelle jamrisko joining us from singapore. coming up, facebook threatens to stop australians from sharing news. that after the government unveiled a proposal to enforce it to pay media companies for their articles. we have the latest on that. this is bloomberg. ♪ rishaad: let's have a look at the latest business flash headlines. the french utilities saying a bid from -- for its stake i

week where you may have a situation of rate cuts and a reduction in the yield curve target than the rbas pursuing. against a backdrop of better data today in china, which would lead to improving recovery in australia going forward, you going to have a central bank that may present an interesting opportunity where the low in the australian dollar will be seen into an rba using measure. thereafter the central bank will -- the currency should be poised to benefit. annmarie: thank you. lynton-brown stays with us. boris johnson could face a defeat at the house of lords. ♪ pres. trump: the country would have been left wide open. millions of people would have died. >> when he was presented with that number, he said it is what it is. it is what it is because you are who you are. pres. trump: democrat governor said the president did a phenomenal job. we got the gowns, the masks, we made the ventilators. you would not have made ventilators. now we are weeks away from a vaccine. >> you should get out of your bunker and go in the office and fund what needs to be done to save lives. pres. trump: you

let's take a look at what we are hearing from the rba governor adrian o -- governor, adrian -- adriankage that includes the of rates.of saying the challenge to understand the debt and the duration of economic impact of the two pandemic is still in play. when it comes to the kiwi dollar, this is not really the weakness that governor orr would be hoping for, reaching the highest level since july of 2019 recently, including broad u.s. dollar weakness and ß it has for new zealand? debt, new zealand's driving gains in the kiwi. more to come. this is bloomberg. ♪ let's get a quick check of the latest business flash headlines. on the sales in the u.s. slumped in august as a fallout from the coronavirus continues to drag on demand. down 22% year on year with truck sales falling 16% and cars down 13%. tesla aims to capitalize on its status as the world's most profitable automaker by offering up to $5 billion of shares over a period. the company has raised $14 billion over the past decade since the secondary stock offering. considering a shares a sale in shanghai up to $3 billion, such a move w

week,and in less than a the economist has walked back his rba called.hange of heart is moving australian assets as well. he has moved it to november. evidence who does move up the market and today he has the aussie as the best-performing g10 currency. waiting for the government's budget to have its time in the sun without the distraction of monetary policy. he is saying that the call where he expects the rba will cut the overnight cash rate to 10 basis points from 25 will happen in november rather than october. this comes at the same time as morgan stanley says markets are overpriced for lower rates in australia and new zealand. they do still think the rba has room to move. here that arells perhaps overpriced. there iniette saly singapore with your morning calls. let's get your bloomberg first word news and for that we go to laura white in london. -- laura wright in london. laura: president trump has nominated amy coney barrett for the supreme court. she is known to be a devout catholic and has described abortion as always immoral. the nomination sets u

matt: you have also got a call on the rba next move.is affecting australian assets today. >> we saw a big move coming through. in australia. we were focusing on the rbnz meeting. we saw a huge run-up in australian stocks while you saw the yield on australia's year fall to a record low. bill evans saying the rba will cut rates at its october meeting in line with the government unveiling its budget plan and that they will move their bond yield target to the same level. this came hot on the heels of the government selling bonds in a record sale today. the aussie fell to its lowest level since july 24 making it the worst performing g10 currency. anna: thank you very much. let's get a bloomberg first word news update. on u.k.ure is rising sunak.lor rishi the treasury has spent over 100 billion pounds on wage subsidies and business, but this is due to end. currents warned the level of support is not sustainable. 's plans to replace ruth bader ginsburg are gaining momentum. mitt romney says he supports moving forward with the confirmation vote

the rba was in there as well. the backstops keep getting larger and larger.t is the best year 34 years. the weighting of tesla, of apple, will shift. say, we need you to reconsider. beste overall had the august since 2009. roll, have a look at the yuan because you have had the data from china this morning. 15 month high on dollar-yuan. wills of pboc tolerate further yuan strength? the dollar is down. are we getting tired, or getting fatigued? these are questions we have to ask ourselves. gold, ubs,the -- they were basically saying the fed's credibility is on the line. gold up 1.1%. took germany. they expect the economic fallout from covid-19 is going to be smaller than originally projected. theyes told bloomberg updated their forecast. the economy minister is set to present the new outlook at 10:00 a.m. u.k. time the economy in europe's largest economy has had a rebound. deepak mehra's head of investments at commercial bank of dubai. this is a narrative which gathers strength in china, in the united states, looking at the dallas fed recovery numbers, and now

little goe of of it just underscores these two sectors have done well there's technology in the middle 'rba aerhinse. the dowid wee ckft ts. machin xus es. every curve, every innovation, every feeling. a product of mastery. lease the 2020 es 350 for $359 a month for 36 months. experience amazing at your lexus dealer. good morning, mr. sun. good morning, blair. [ chuckles ] whoo. i'm gonna grow big and strong. yes, you are. i'm gonna get this place all clean. i'll give you a hand. and i'm gonna put lisa on crutches! wait, what? said she's gonna need crutches. she fell pretty hard. you might want to clean that up, girl. excuse us. when owning a small business gets real, progressive helps protect what you built with customizable coverage. -and i'm gonna -- -eh, eh, eh. -donny, no. -oh. . >>> we're back on unusual activity time. amd. pete, what do you see? >> this stock had great run in august where it went from 77 to 90 and pulled back toward the 77 and below that number. today we're seeing some aggress ifr b aggressive buying. making a bet that maybe we're going to get a bit of a bounce today

you have more calls for a cut of the cash rate from the rba next month. we see yield heading lower in australia. 105 for yourat offshore renminbi. slightly stronger for the pboc. here are where yields are. 67 basis points. we continue to watch what's going on in the aussie 10 year, and the china bond inclusion could happen later on today with that ftse russell. -- russell -- wreste. could spur inflows into the market. we are watching commodities with the dollar strength. the metal is falling off. silver, copper and aluminum taking the biggest hit in the last 24 hours. the marketre on action we are joined by our mliv strategist in singapore. question of the day is what i want to start with. what assets suffered most from deleveraging? we are seeing investors rotating and reducing margin and leverage. what is the impact on assets, in terms of which ones are most badly hit? mark: i think you can look across the things i have done the best since march, since risk assets across the world coos in march. there are a number of places i have returned pretty well.

we have the rba september meeting minutes.sie dollar a little bit of strength in the last two days or so, rising against the usd on a weaker greenback but higher commodity prices. watch out for those minutes and a discussion around further easing policies. and of course a reminder that the bloomberg green festival continues, focusing on core issues of climate action. tuesday's lineup includes the phillips ceo. plenty more ahead on "daybreak: asia." this is bloomberg. ♪ >> good morning. we are counting down the asian major market open. shery: welcome to daybreak asia. , a bid for emerge tiktok u.s. operations which faces a national security review and must win the blessing of trump. i'm studying the feasibility of a mega merger.

australia, the rba said we need to do more fiscal. don't worry about borrowing. alix: we are getting a question from a viewer, if we can go back to brexit for a second. do you think they will get a deal because there will be something at the last minute, between the u.k. and the eu, like we see in u.s. congress? geoff: it could come down to the wire, and no one had an idea what the deal could look like. it could be an ambitious deal or a bare-bones deal, but that is the deal,. . -- the deal, full stop. compared to brexit toward the end of last year, that was far more binary. something very, very minimum can be put together, but it will be at the last moment. i do think more concessions from both sides will be needed, especially on the level playing will and the role of the ecj. those are the biggest tumbling blocks right now. b why amffrey yu of mellon, you are sticking with us. this is bloomberg. ritika: let's check in on the blurring word -- bloomberg first word news. president trump has cut into joe biden's lead in the race for the white house. the poll from u

the tenth anniversary including justice of the peapmorga jpmorgan's mary erdoes many big name guests 'rbaeak. when i was in high school, this was the theater i came to quite often. the support we've had over the last few months has been amazing. it's not just a work environment. everyone here is family. if you are ready to open your heart and your home, check us out. we thought for sure that we were done. and this town said: not today. ♪ >>> welcome back pete tracking big options buyers n nio is number one. >> this will be short and sweet. take a look at this name october 2nd expiration they are going for the 23 calls. they're about 75 cents 4,000 were bought today. pretty aaggressive they have a couple of weeks for this to work that's a pretty substantial move to the upside. next, tesla. tesla has been all over the map. we all know that it's been an absolute high flier. traded 6,000 contracts in the first 90 minutes today it's been sitting right behind happen l every day in terms of most volume. today it's got massive volume that continues to move they are buying september. they are goin

the aussie folding steady after falling as much as 1.6% overnight, not trading at 72, head of the rbaeputy governor speak which will be closely scrutinized for any you'll conserve and qe. the hong kong authority hosting the peg once again to curve the hong kong dollar strength amid this flood of ipo's. set to debut today. offshore yuan trading near a one-week low as we see the pullback in risk appetite overnight. haidi? thing that will be weighing on the tech sector will be the tiktok-oracle deal, suddenly looking shaky again after president trump said he might reneg on his approval if he finds that oracle does not have total control. the government signaling reluctance on the deal. our senior tech reporter shelly banjo has the latest food this roller coaster ride continues. we know other this deal, oracle does not have total control, so what happens now? shelly: now you are seeing both governments go back domestically message and managed, pr crisis management to their own constituents. you saw trump go on fox news during the morning in the u.s., saying we are still going to maintain

the aussie dollar has been rising after westpac pushed up its forecast for rba easing to november instead we are continuing to see some strength. the japanese yen holding steady, but now we are hearing yen positions reached a record high last week so watch out for that as we have japanese futures higher. in the next hour, we will get the news of julia hermon on emerging markets, as multiple houses flag risk. eurasia group china analyst chelsea broderick on tensions between china and the u.s. will impact the election. this is bloomberg. ♪ shery: "daybreak asia welcome to "daybreak asia," -- welcome to "daybreak asia." i am shery ahn. haidi: i am haidi stroud-watts. our top stories this hour, asia looks set to extend the global rally after widespread gains led by financials. wall street snapped four weeks of declines. new details emerge about why a court block to the tiktok van in america -- ban

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how far does this pushback rate cuts from the rba, then?see if it isut pushing it to next year itself. i still believe we have rate cuts in the current cycle, but the way mpc has been sounding a little uncomfortable with regard to the elevated inflation, it seems near-term is out of the picture and most likely december, and if not december, first half of next year. of the picturet at this point in time. is inflation targeting killing india's growth story? is there a need to overhaul it? >> so, we are going to be looking at reassessing targeting next year. my sense is that it could be widened and the fed has moved to average inflation targeting. i think it is an emerging one with a portion of inflation basket. it seems a bit of a targeting -- if you continue to be tight and where you are going to penalize growth in that, i personally believe that and it is really tight at this point in time. it is not a reflection of the true demand of the country is facing. not ableank, they are to react in a fashion. -- we might believe see a targeting num

the last couple of days, the rba told us they will do whatever it plans to sell a record amount of debtand will sell fewer bonds. jenny, always great to see. tohave these nations trying boost these bond sales. how do you see this impacting yield curves? can the market really absorb this much supply? beasian central banks will trying to beef up the physical spending as an answer to the pandemic. aggressiver this than the peers. these are more physically sound. thaturse, one could argue some of the asian countries, the southeast asian countries like the philippines, they have expanded this and they have the central banks in that funding. they are probably relatively more constrained. aggressively more supporting the economy. overall, i think it is because the asian countries are doing much better compared with the countries in the pandemic. we have some exceptions. india in particular. this asot see aggressive. we think this will a private -- apply pressure but we don't think it is much of a problem for the market. ->>>> you mentioned indonesia. are they offering the best offerings? among

up by 0.5%dollar after the rba said they had no soon.to ease further that is one of the story we areeeping an eye on. also keeping an eye on the chinese renmimbi. the yuan is at the highest in more than one year. data from china is showing the rebound continues. retail sales and industrial production is coming in better than estimates. let's get the bloomberg first word news with laura wright. >> the e.u. says the ball is in china's court to see out a long-sought after investment deal. the meeting included german chancellor angela merkel, european commission chief ursula von der leyen, and chinese president xi jinping. the blah blah bloc is stepping up its demands that china open up its economy even more. reuters is reporting that -- remains on hold in the u.s. after regulators examine the side effects suffered by a patient. it is seen as likely one of the earliest vaccines to reach the market. in the u.k., prime minister johnson's plan to renege on parts of the brexit divorce deal passed its first hurdle despite being denounced icing and members of his own party. the prime minister

not a great we'll a reaction leading to the rba rates unchanged. stocks going higher. expectation of fiscal stimulus to some extent coming through. the indian markets seem fairly active. we got movement. rupee and the indian five-year as we see india increasingly becoming the new epicenter of the coronavirus. really one of the big trends is we see a lot of fx in the greens. is dollar big ones weakness. we will continue to discuss that with some of our guests. dollar is more than a two-year low. the euro very close to about 120 level. how worrying will that be for policymakers? we keep an eye on what's london market the closing yesterday. let's get a bloomberg first word news update. laura:o laura wright. be biden rejects claims will -- americans will be less safe under a democratic legislation. president forthe putting violence across the country. investors think the president will win the reelection. the pull is now nearly even and that's largely due to the impact of recent violence on public opinion. and potentially also by in the poll. germany does not expect the ec

the rba fueling the rally, capping just a great week.e have seen that play out across much of the em space, this of course as we have record low situations across much of the developed bond space. jp morgan assets saying it is time to stop making get rich bets on bonds. when things go wrong, things can go wrong very quickly? emily: there certainly are always concerns about that, given history, however, i think one thing that is important to watch this time around tends to be more on the inflation side. we have started to see some inflation pressures reappearing, notably some higher than expected in mexico, even russia. we are seeing that resurgence in inflation. it's not yet a concern for me given you expect somewhat of a bounceback after we have this sort of drastic deflationary force, but if that continues, that's obviously a concern. based onntioned, also, how much governments are able to issue debt and how much investors are willing to buy that debt if they are there for an extended time to deal with the economic recovery. quite stag

haidi: and yet the rba is considering negative rates.he market are considering that could happen as early as next year. in a concern about negative rates for the country? grant: obviously, monetary policy in a new zealand is set independently by our bank. they provided the clear certainty to the markets by saying they will not be moving 0.25%, at least until march of next year. between now and then, we have to see the economy stabilize. and as i say, rebound strongly through the next couple of quarters, then we will take that forward.unt as they go around the world, what we used to call unconventional monetary policy is there much front and center. the degree of quantitative easing that the banks have undertaken, things are going reasonably well in the financial markets here. i think there will be all of all of they will bear that in mind when it comes to the decision next year. shery: will that be enough time, and credit compromise some of the things you are doing giving negative rates? will it pressure banks' profitability, will they b

are on the rise the aussie under pressure but staying above 73, spurring speculation as to when the rbaove to curb strength of the economy. the government planning to bring forward income tax cuts hit offshore yuan will being a three day -- tax cuts. offshore yuan holding a three year gain. the trend looking similar to 2017. more ahead. this is bloomberg. ♪ look here, it's your very own all-in-one entertainment experience: xfinity x1. it's the easiest way to watch live tv and all your favorite streaming apps. plus, x1 also includes peacock premium at no extra cost. this baby is the total package. it streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. yup, the best really did get better. magnificent. xfinity x1 just got even better, with peacock premium included at no additional cost. no strings attached. so you're a small bor a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in a

we have seen the speculation of the rba cutting rates. the aussie at the moment at the 7052 level.round. the yuan giving up earlier gains. in the context of things, one of the best quarters ever. aslly getting another boost foreign investors are now to have a new channel to invest in government bonds. ftse russell is to include the sovereign debt into the index indices from october next year. let's get perspective on what this means for investors with matthews asia portfolio manager, teresa kong. completes china's integration into the global bond markets, the last of the three main index compilers to add china debt. how significant is this? >> it is really significant. it's the second of a one-two punch that establishes china's place in the global one markets. most bonds -- global bond markets. most bonds are tethered to either the barclays or the rig be, so these are the heavyweights. with the inclusion, not only is china part of t -- china is part of both. it acknowledges its role as a highly investable market. shery: what does that mean for capital inflows into china? aswe are a

we have aussie bonds gaining ground while the aussie dollar holding steady ahead of the rba's meetingon tuesday. over in new zealand, kiwi stocks adding .3%. the kiwi dollar holding below 67. holding a two-week decline, as we see negative rates -- bets climb for new zealand. quickly checking in on what is going on ahead of the fed's meeting, checking in on u.s. 10 year yields. we are seeing at hold below 67 basis points. this as traders are getting doubtful about whether the fed can drive inflation higher. we are seeing oil trade near three-month lows. bp calling the end of an era when it comes to demand growth, looking relentless. we are seeing nasdaq futures gain more than 1%. this after the worst week for the index since march. markets have the latest of elements around tiktok. this as microsoft says that its offer had been reflect -- been rejected. shery: that is really topping our news right now. that war not only over tictac but -- tiktok, but we chat. chairman. is of dowson investments she joins us on the line from santa monica, california. thank you for joining us. we don't ha

. >>> docusign and square, a question from the owner of the 'rba itwd user of the app.'re back with a special total request edition of "fast money. let's turn to a viewer question on docusign. >> hey, "fast money. it's miami joe my question today is about docusign i got into the stock in the 150s and it's shot up to above 250 where it is right now. now it has its earnings tomorrow and i was wondering, do i hold this parastock through earnings or take it off the table i have a high risk tolerance so i'm ready to let it ride. >> miami joe has done well by this one bonawyn what do you tell him >> congratulations for getting in where you got in but listen, take half of the position. take it off the table. you're roughly playing with house money. we've seen what other names have done post earnings, zoom aside we just talked about crowd strike and a few others that have traded down after blowing earnings absolutely out of the water. so i say take some profits here and then let the rest ride. >> yeah, karen, what would you say in terms of risk management of this portfolio, thi

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'rba itwo. >>> president trump last night said he's optimistic about another round of stimulus, but jpmorgan2020 virtual singapore summit yesterday. take a listen. >> the governments of the world took dramatic, bold rapid action, fiscal, monetary the vaccine companies, i think that's admirable we're going to be finger pointing and yelling and screaming for years about the parts that didn't go well. it is a little disappointing we haven't come together in the united states with another round here i think we do need the round >> joining us exclusively this morning is the white house chief of staff mark chie of staff mark meadows. good to have you welcome back. >> it's great to be back with you. thanks so much >> so yesterday speaker pelosi was on our air and said the house would stay in session until a compromised was reached. jared kushner said a deal might not come until after te election has this problem solvers proposal moved the needle in either direction >> well, i think it has. i think it's a thoughtful suggestion when ever you have republicans and democrats coming together to put forth