the primary cause of wall street's recent strength because he stoking the markets animal spirits schiller a woman nobel prize in 2013 chillers newly found praise for trump is a huge turnaround from the point of view he held back in january of 2018 when he said in an interview he would give trump a grade of one or 2 out of 10 when it comes to economic policy he said he didn't vote for trump in 2016 but he thinks he'll win in 2020 right schiller agrees with me and i've said for 3 years now that a trump instills confidence in people the american economy is 70 percent consumer and you have that's a key component of barack obama never get no one gave anyone any confidence to do anything everyone looked at barack obama and his presidency and his policies and they were like i think i'll wait for somebody like a trump ok don't take a break and when we come back much more coming your way. in a world a big part of the. conspiracy it's time. to do. deeper to hit the stories that made stream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the back and s

which earnings estimate type of indicator you use, if it's the cyclicly adjusted price that bob schiller uses, we're at the high-end so yeah, definitely need to see earnings improve but not sure we're going to get it at an economy that's growing around 2%. it's difficult to see revenues taking off so i think selecttivity is going to ivity e a key going forward. you have to pick your spots. big cap companies have run up a lot but they have product cycles that are going to kick in this year and they make them interesting. again on a name by name basis. so i don't think this year i'm going to deviate philosophically from where i was last year which is upping the quality of your port fofolio. two interesting pieces in "the wall street journal" this morning. one of the listed companies are losing money so you have to be careful there then two, within the junk bond market it, we're seeing a real bifurcation between those credits that are reasonable and those that are tanking. people have to be a little careful and know better what they own when it comes to their fixed income investments as tha

the yearer, from before, the s&p schiller index rose 6.2%. cities with the biggest increases, charlotte, boston, and seattle. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm courtney donohoe. this is bloomberg. vonnie: thank you. back with us now, max kettner, multi-asset strategist at hsbc. talk to us about what you are anticipating from the boe. is: i think in january, it probably too early to get a cut. we've got a cut in may penciled in. generally, we are still neutral on u.k. equities as a whole, , a biteutral in gilts better opportunities in ndsasuries, and in bu from a multi-asset perspective. right now it is too early for a cut in january sibley because we've got really disappointing data before the election date, and we've got to dispense after the election. it is kind of 50-50 at the moment. i think you will probably want to wait for another couple of data points, a couple of more business surveys to gauge has this been a bounce back

laureate robert schiller to join us later. here is viviana hurtado. locking down 40 million people, restricting movement in people living in 10 cities and limiting package tours for the new year lunar holiday. the virus is blamed for 26 deaths. house democrats will conclude their impeachment case against donald trump. prosecutors say he should be removed from office for withholding military aid to ukraine and blocking a congressional inquiry. president trump pleased with the way the trial is going. trump administration reportedly will crackdown on counterfeit products sold online. homeland security will release a report. they will warn internet platforms and warehouse operators of tough penalties. the bushfires in australia may push global carbon dioxide levels to a record. that may have an influence on the weather patterns and ecosystems. estimates are the fires will release 900 metric tons of co2 into the atmosphere. that is about the same as emitted by all commercial aircraft. global news 24 hours a day, on air and @quicktake on twitter, powered by

simple schiller is in istanbul with more on how turkey is reacting to the strikes in syria turkey is trying to accommodate those refugees right in iraq by it's born or border inside syria some of the some of those internal displaced people are traveling are moving to the areas that are under the control of the turkish backed free syrian army which is this syrian national army it is very difficult because most of the health centers hospitals are being targeted that's why turkish president. made a call also talked with german chancellor angela merkel that this is the situation must be sold and there must be some temporary shelters for those internally displaced people but of course it's an immense pressure by the turkish border also yesterday just because of those strikes circus present are down south that turkey's patience is is coming to an end our son and such a peace deal is about to end it has to be revived and he also said that syria and russia are not advising the ceasefire by the way the latest ceasefire that was dealt own agenda where 12 just a couple of weeks ago lasted only

ten year gets to 1.57 and case schiller up year-over-year. we have the worst drop since october.nvestors grappling with fears over the possible coronavirus update. >> shares of 3m are taking a hit after carl just mentioned the company's cutting 1500 jobs. it did post lower profits. and we will speak with ceo mike roman in the next hour. >> and boeing, securing more than 12 billion in financing to help weather the 737 max crisis. stocks are looking to recoup some of the losses from yesterday's selloff. worries about the coronavirus for the worst day and the s&p in four months. death toll now around 106 in 18 countries. jim, we would expect the number of confirmed cases to rise, but the number of deaths is not as algorithmic as the number confirms. >> i think people naturally presume that someone is speaking for fiction than fact because the fact is that 200 people in this country died of the flu so far this year. 140,000 hospitalizations, 15 million got it. and if we were to write that story every day and put that on the front page. now of course what people say is don't be such a