that is simone foxman. you a bit of a snapshot of some of the other issues we are watching. we're looking at life, coming through from hong kong, carrie lam has been speaking there. she says the electoral performance driven by china may change. that is coming through in the last 10 minutes. plenty more ahead. this is bloomberg. ♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg llp, its affiliates or its employees. announcer: the following is a paid presentation brought to you by rare collectibles tv. abraham lincoln, born february 12, 1809, served as the 16th president of the united states from march of 1861 until april of 1865. lincoln stoically led the u.s. through the american civil war between the north and south.

simone foxman has been watching the headlines and went me from doha.dman sachs culling atop on the issuance -- why? -- goldman sachs calling a stop on the issuance, why? simone: if you look at physical breakevens, it's roughly $67.85 per barrel and we are at 69.70, and that's why we are getting these projections from goldman essentially saying look, these countries would have needed the issue, about $270 billion worth of debt over the next three years if oil prices stayed at $45 per barrel, but if they go up to 65 barrel -- a $65 per barrel, on average, the number comes down to $10 billion of debt that needs to be raised. we are essentially seeing oil prices completely change the economic outlook that a lot of these bcc countries went into the year with. i'm sure there are folks like bahrain who still have physical challenges but there are others like qatar, saudi, the uae, that will find it easier to bridge the fiscal deficits. karen young adding to the commentary around the issue that is going back and forth, she said these government's better take a

we are joined by simone foxman indo hop. you can continue with economic orthodoxy only as long as your boss wants to do. this is a dramatic personnel change for the market. >> yeah. that is right. president erdogan essentially has a nontraditional belief in monetary policy. he believes high interest rates will lead to inflation, rather than the reverse, the more conventional view. the chief hiked interest rates by 875 basis points in his short tenure. he kept that off with a 200 basis point increase on thursday. that appears to have been the direct impetus for this shift. his successor here is known as being a bit more on erdogan's side following this nonconventional not -- monetary policy. hero in an op-ed met last month that the central bank could should not pursue this policy with low interest rates around the world. they should focus on assisting the local economy, but clearly inflation close to 16%. you can understand why he was so keen on keeping interest rates high. haslinda: what now, simone? what are analysts expect