torsten slok, thank you so much.thank you , thank -- sonali basak you as well. we will take a look at the latest indicators. if you are getting in your car, check out bloomberg radio on sirius xm channel 119 in the bloomberg business app. this is bloomberg. ♪ alix: in today's technically me.king, bill maloney joins the jobs number comes out. equity market stronger. what are technicals telling you? bill: it has been a wild week. first resistance level you want to look at -- we had a huge reversal yesterday. that was positive. resistance levels you want to look at today around 2926. that moves you to the 100 day moving average. above that bullet -- brings you to the 50 day, that also brings you to the top of this turn, which we held yesterday. alix: what kind of followthrough? it seems like today nobody wants to trade. bill: i would love to see a weekly trait above the 100 day moving average. alix: let's get individual stocks that are moving. one is apple. there was a report they have added more suppliers for their pho

vonnie: back with torsten slok of deutsche bank securities. we haven't mentioned brexit yet. ck on effects from the extension. ts, and theil bank of england and what it decides to do. torsten: it becomes almost impossible for anyone in financial markets to protect where this is going. with the whole issue of the polls being wrong, it is a very humbling exercise. the main way we think about it is at least it looks like that, within the next month or two, we might get some of this risk removed from the radar. this doesn't mean it will go away altogether. we will have a negotiation of the trade structure afterwards, at it does suggest that least we are left only with trade war uncertainty and not so much the brexit uncertainty as the main thing financial markets have worried about for so long. guy: can you in any way quantify that for me? the trade story i can see being huge and global. thehas brexit and possibility of some degree of resolution impacted the global economy? when you model this, what does models? your how does that actually affect the global economy beyond the shor

we also talked to torsten slok from deutsche bank. this is what he had to say.hink it will continue to slow, jobs going down to 100,000. we think the unemployment rate will go up. we are getting worried trade uncertainties, ism manufacturing will begin to show up in the data. david: over and under. which you take? david m.: i am more inclined to agree with larry. they continue to deregulate and that is a sleeper impact on growth and jobs. employers,e cost for the regulatory burden. as they ease up on that in the trump administration, that will help us bring the number back up. david: they certainly tried to continue to deregulate. we hear a lot of reports that if you look at the court challenges, they are losing more than they are winning. it is not that easy to deregulate. david m.: it is difficult and often takes years. it is a signal to the businesses it is moving in the right direction. the other thing that is good news is it is happening under the radar, across the agencies. as they might lose in one case but they will pickup and others, you saw in your rep