you also have renzi, a lot of interesting characters.berg many as one third of italian voters are undecided, overwhelmingly middle-aged -- not sure what age that is -- but middle-aged women without college degrees and they were not happy with renzi. they cannot decide who to vote for. lisa: that sounds like the u.s. election and we know how that turned out. interesting to see whether it will be a similar outcome. fascinating. david: also, it is fascinating he will still be in it with all the scandals. untouchable. exactly. coming up, more on the global equities rally with mike holland, live from new york. this is bloomberg. ♪ retail. under pressure like never before. and its connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business

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represents a less radical point of view, and has softened the movement's opposition to europe matteo renzi became italy's youngest ever pm, though staging his own coup in his own party but resigned in 2016 after voters rejected his konsz tu constitutional reform plans in a referendum the latest polls suggest he could be leading the democrat party to the worst performance yet. the more popular figure is current prime minister p paolpaolo paolo jepaolo jent gentiloni. if a government is not formed, he could be asked to stay until a new government is formed and emma bonino is one of italy's most pro europe political figures. she's fighting for the rights of immigrants and finally sergio matterell is the president of italy currently. he's in power to approve the prime minister he called on all parties to make realistic and concrete proposals for all of italy willem is in sicily and sends this report. >> the island of sicily and it's ports like the city of palermo have been a crossroads for civilizations, particularly for those traveling across the mediterranean. that's been no more true than i

the former italian prime minister, matteo renzi, is urging politicians on all sides to combat violencehead of next weekend's elections after street battles between far left and far right activists. at a rally in rome, he says the clashes cast a shadow over the campaign, and sparked memories of the 1970's and 1980's when italy was scarred by motivated extremists. >> it is important for everyone not for a single fight to be here, to be against criminal violence. because todaypy was a good day for roma, for italy. juliette: global news, 24 hours a day, powered by over 2700 journalists and analysts in more than 120 countries. this is bloomberg. guy? guy: thanks, juliette. treasury yields have retreated wem last year's highs as await the first remarks from the new fed governor, jerome powell. and now weworn in, understand what he will be saying. he is the fed chair, not just the governor. goldman sachs stocks plunged around 25% as the treasury yields hit 4.5%. joining us from singapore is mark cranfield, our mliv strategist. morning. 4.5%, that is a big move up from where we are now. so may

matteo renzi.ty or the more conservative ones. he has a chance to be a kingmaker. forcealian election laws alliances between parties instead of one party ruling out right. manus: how do markets position for this? if anything will pop with risk, it will maybe be the btp market. traderscb -- how are positioning themselves going into this? italy's benchmark index has done well for the year. but we have seen a bit of jitters. you can see toward the end of the chart, it is lagging, the stoxx 600 over the last week. anne-marie with the two weeks to go until the italian elections. bloomberg will cover those. bank oft is from america merrill lynch. this is a bit like a moderately sized hurricane no one saw hitting them, or not. how does it rate for you in terms of risk to europe? gilles: i don't think it is an immediate risk. this is probably why the market is not treating this as a major concern. i think six months ago, the market was treating italian elections like france last year, where you had a clear

oft would be a teaming up matteo renzi's party, the democratic party, as well as another party.ness community is rallying four. this would mean better relations with the e.u.. they see it as pro business investment and probe economic reform. 21% -- 22%, a bet for center-right majority. sliver in pink. this is a party at called for referendum on the euro. they would be the last one economists are seeing to come to power. they are leading in the proposal and have been for months. this chart shows the bloomberg composite index of all of the polls. they are the purple line and have been leading for months. what is interesting is -- showugh the polls five-star party movement in the lead, they don't really have a chance of making it to power. elections force parties to make a coalition instead of going it themselves. -- wehe thunder selves find ourselves in a situation where markets don't price this until the last minute. only two weeks to go we are seeing a little bit of election jitters. i have the ftse versus the stoxx 600. the ftse has been outperforming the stoxx 600 up until the

the former italian prime minister, matteo renzi, is urging politicians on all sides to combat violencehead of next weekend's elections after street battles between far left and far right activists. he said the clashes cast a shadow over the campaign, and sparked unhappy memories of the 1970's and 1980's, when italy was scarred by politically motivated extremists. >> i think it is very important for everyone, not for a single party to be here. it's a message against violence, against criminal violence, and all the time. i am happy because today is a good day for roma, for all italy. juliette: and this smash hit movie "black panther" has joined an exclusive group in hollywood, one of four films to earn at least $100 million in its second weekend in theater. it took $108 million at the north american box office, which beat disney's own forecast of $83 million to $90 million. the two week earnings are $400 million. global news, 24 hours a day, powered by over 2700 journalists and analysts in more than 120 countries. stories on there bloomberg at top . asia, it hasre in been a great sta

the day that mr renzi and mr berlusconi draft of this law, it was ten points higher than right now, thereforell have to consider as as fundamental. i don't know if we will have the numbers to create our own government alone. but surely they will not do at the same. it will be like... our proposal to create a coalition on a specific programme will be the only decision for this country. i was reading a piece in the washington post looking at germany and young voters who are fed up with the establishment coalition politics. they don't want people making big copper misers. they are moving towards populist parties on both ends of the spectrum. particularly the far right. i wonder if you could see parallels between what has happened in germany recently and this election in italy? absolutely, to illustrate the parties, you have got five star movement at the top and these will be coalitions after the weekend, the one at the bottom, forza italia, silvio berlusconi cannot be the prime minister because he was banned after his things in the court and he is a kingmaker potentially with brothers of italy w

the former italian prime minister matteo renzi is urging politicians on all sides to combat all formsnext weekend's elections, after battles between far left and far right activist. speaking to bloomberg in rome, he said the clashes cast a shadow over the campaign, sparking unhappy memories of the 1970's and 1980's, when italy was scarred by politically motivated extremists. >> i think it is important for to give a message against violence. all types of violence. i am really happy because today is a good day for roma, for all italy. haslinda: global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm haslinda amin. this is bloomberg. yvonne: thank you. let's get to your markets. we are seeing equity gains as rallies building leading up to before jay powell's testimony, also key data from japan. haslinda: ahead of jay powell's appearances this week, we're seeing bond yields rise, 10 year yields sticking below 2.9%. we are seeing the move lifted across equity markets in asia, the rally in asian stocks set to extend to a third week. we

yvonne: matteo renzi is urging politicians of all sides to combat all forms of violence ahead of nextattles between for left and right activists. the clashes cast a shadow over the campaign, sparking unhappy memories of the 1970's and 1980's when italy was scarred by politically motivated extremists. >> i think it is important for everyone, not for a single party, to be here, to give a message against violence, against political violence, and all the time. today is a good day for a literally. -- for all italy. yvonne: exports from libya's terminal is said to be reviewed. the protest disruption could load the decline of output. -- could lower the decline of output. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. am yvonne man. this is bloomberg. investors seek 30 into setting up at the bank of korea policy decision. japanese economic data and two days of testimony for the incoming fed chair jay powell. bond markets on the edge of this. -- on the edge of their seats. we are seeing gains across the board for most markets. this is

we see that tendency both on the left and the right and the tendency that matteo renzi had, for exampleat and having been elected, to have a slightly authoritarian bent to his policymaking and perhaps which is why he is not a prime minister over more come he sort of overreached, but this is definitely this extreme long-term frustration amongst the italian electorate and businesses and across the community that some strongman is needed to come and fix italy once and for all. this also explains why douglas why -- hasmanaged -- managed year after year of attending to be a strongman and promising to fix italy to win the election and he might just do so again this time and his track record once in power has been the exact opposite. he hasn't actually enacted any substantial promises, but he has this deep desire that italy must be fixed after all these two decades of decline, is very strong in this election. francine: is euro positivity a little bit too short-term? let's say italy has a government that can't reform where unemployment is not fixed and even the ntl's remain a problem and defici

and he was -- obama was in the rose garden with the italian prime minister renzi and he was being asked that hillary was rigging the election. and president obama said, no, that's not the way we do things here. he was with a foreign leader and he was basically saying that it was a false flag to be telling americans that their votes were not going to count. >> that said, ruth, going after president obama -- >> ruth marcus is here. >> ruth marcus is here with us. she seems to be writing an op-ed every three hours today. >> like some other people i know. >> very motivated. but, ruth, the if the president wants to find a weak spot in the democrats' argument against him, barack obama is a great place to start because barack obama knew, he was warned, he didn't do anything and they hide behind mitch mcconnell, that's fine. but there's only one president. and if a foreign country -- what mitch did was despicable, but if you're the president of the united states, commander in chief and you're being attacked by a foreign enemy, you should respond, right? >> absolutely you should respond. and if