joining us is sue noffke, uk equities fund manager at schroders. hello and welcome back.. what is behind the rise? i think sterling had got quite low levels especially in novemberand had got quite low levels especially in november and december, had got quite low levels especially in novemberand december, lots had got quite low levels especially in november and december, lots of fear about brexit. what's happened since then is a little bit more fear, some hope that perhaps the crash out no deal brexit is becoming a little bit of the table. it's being more bogle lysed by politicians, we can see a lot of business people very vocal. —— is being more vocalised. so much to be decided through parliament. but markets are beginning to think actually, we willjust reduce the probability so we've seen sterling rise a little. at the same time we've seen a weakness in europe, exchange rates are pulling and pushing. reduced prospects for growth across europe. that has actually improved the sterling exchange. we've been talking about the us government shutdown, how much ofan impact the u

thank you very much for lastng me through the 30 minutes from schroder's. assetmary from global management and tom from spa. from new york that's it for us. see you next friday at 1:00 p.m. new york time, 6:00 p.m. in london. worldwidedience this was bloomberg real yield. this is bloomberg tv. carol: welcome to "bloomberg businessweek." i'm carol massar. jason: and i'm jason kelly. we're here at bloomberg headquarters in new york. carol: in this week's issue u.s.-china trade talks front and center. jason: the magazine has several stories enter into a relationship with big tech and its impact on the digital economy. carol: on the cover the technology zinet president trump spared,

take you for joining me for the last 30 minutes from schroders, tom atteberry.a hornby, mary bowers and tom atteberry. we will see you ask friday at 1:00 p.m. new york time. for our audience worldwide, this was "bloomberg real yield." this is bloomberg tv. ♪ mark: i am mark crumpton. if the government shutdown is not resolved by midnight washington time, which seems virtually impossible now, it will be the longest government shutdown in u.s. history. is now in day 21. 800,000 federal workers have missed their first paychecks. no negotiations have been scheduled. senators have already left for the weekend. the shutdown is having an impact on at least one large airport. more federal security screeners are refusing to work without pay. miami international will close off a terminal over the weekend. the transportation security administration workers will be sent to busier checkpoints. tsa screeners are calling in sick at twice the normal rate for miami. a united nations rights investigation says negotiations on north korea's denuclearization was also included human

jonathan: joining me, i lisa schroders, hsbc global managed, and tom, portfolio manager at pacific advisors. committee, we finally have a coherent message from the fomc. coherentss it is semi- at this point's. if you look at the difference between the dots, the fed is trying to telegraph a more patient message. in december, jay powell had a different message. if you look at the difference between the dots for 2019, there is an 80-basis point spread between members of the members of the fomc. it tells you they don't know what is going to happen. they are looking at markets the same way we are and they have given more credence to market concern. jonathan: if you take the message of patience there is coherence. ,the difference you point out is in the dot plot. there is a big difference in what they expect but what do you listen to, the communication or the forecast? >> the communication because when you think about tying the two together, i get a person and their message. i get a software i think they are today versus a dot plot that is more ok to and more the store -- opaque. >> i tend to agr

mayor rob schroder just moved his business here. it doesn't flood as bad as it used to. but it can be a nuisance if several things happen at the same time. >> high tides come together, the hills being saturated and a lot of rain. we're expecting that today or tonight. hopefully, it won't happen. hopefully it will drain quickly enough. >> now that the downed oak tree has been removed, it's a watching and waiting game for public works. >> we're cleaning catch basins and flushing out culverts to make sure that the rain has a place to flow. >> reporter: the good part is that contra costa county public works knows where the trouble spots are and they can monitor them. so far, no major problems and no major problems here on tice creek yet. it would probably have to be double what it is to go out over tice valley ride, which is nearby here or the road out there that you may hear traffic going by on. hasn't happened yet. not looking for it to happen. but it is a possibility. live in walnut creek, eric thomas, abc 7 news. >> fingers crossed it doesn't happen. eric, thank you. >>>

martina's mayor rob schroder just moved his insurance office here from walnut creek and is taking precautionsn't flood up above the windows but we get to to the curbs usually, maybe a little higher. then with traffic going down main it creates wake and that will presumably -- from time to time it will go underneath the doorways. >> reporter: a recent flood control project keeps it from getting too bad. elsewhere county public works is keeping an eye on the usual suspects. clogged drains and culverts. and they're counting on homeowners to do the same. >> check the drainage areas. there's a lot of leaves. there's a lot of debris that clogs up and when the rain tends to form that's when you get trouble and you get saturation. >> reporter: it's not consistent right now. we'll have a gust blow through. you can just see these branches moving around a little or we'll have heavy rain start and last for about 30 seconds or so and let up a little bit. for us this is all indicate-off we'll see much more of that heavy rain and much more of the winds for that. of course we'll be covering it on abc 7 news.

lisa's guest include hornby's of schroders and another person.sers can interact with the charts shown using tv . browse recent charts and catch up on all of our key analysis and save charts for future reference. live from new york, this is bloomberg. ♪ jonathan: from new york city, i have jonathan ferro. "bloomberg real yield" starts right now. ♪ jonathan: coming up, reserve officials observed willingness to the patient with rate increases. how to restore confidence in credit. money flowing back into high-yield. leading to a soar in the primary markets. they begin with a big issue. one word dominating federal reserve communication. >> patients. >> patients. >> you are waiting and watching. >>

and now joining us live we have sam schroder and grant hillman both senioriers at covington.m a target as well. fellows, good morning to you. >> good morning. >> good morning. steve: sam, you were there, what happened? >> i saw from a distance. i didn't really know exactly what was going on at the time. but as soon as we got on the busy saw video on twitter that one of my classmates showed me. it was a shorter video that went national. we didn't think much of it at the time. we had no idea it would blow up how it did. that's about all. steve: when you heard that the young man in that picture, who you have gone to school with, nick sandmann was mocking the native american, what did you think? >> i knew -- i know how our school is and these kids. i know no one from our school would be disrespectful. and everybody else who was in the video that was surrounding the area. they told me that he had -- he was not trying to do that at all. i know what kind of kids ko kat raises it's not disrespect. steve: you were not at the rally but you did defend your school and the people in that