anna: thank you very much, bloomberg's tracy alloway joining us from abu dhabi.can't let you go without asking you about the ecb. we are going to get an ecb meeting this week. the consensus seems to be, no change in policy. september 8, looking popular in terms of stimulus. lena: the ecb will commit to lower interest rates. the geopolitical climate in europe through brexit, the attacks in nice, developments in turkey has highlighted the difficulty that central banks face in terms of globalization forces, political, economic, and trade. where in a world where there is liquidity, not enough investment. the result is chronic weakness and productivity. -- in productivity. nowhere is this more visible than the eurozone. chronic debt growth imbalances. if it wasn't for the ecb recycling liquidity between the north and south, the dynamic would have meant the end of the euro. what we have seen now, in thetion to some of macroeconomic uncertainty introduced, in the aftermath of brexit, the knock on impact on the eu capital, the euro appreciation against the pound, i think

here is tracy alloway. there is a dangerous disconnect.nnect is pointing out that we have had this rally in risky assets and are rally in traditional safe havens. going back to that first char, you can see even inflation rates and expectations suggested by government debt markets. it is unusual to see inflation expectations trending down at a time when risky assets are surging. nwardow expectations would suggest a slowing of economic growth. yousef: again, here is another chart extending a conversation, as well. reporter: just for fun, last week, we had about 10 different milestones happening in the government bond market. we saw the yield curve turned negative. we saw those in treasuries. this is the 10 year turn premium, it is essentially what investors ask for to be called the city for the risk of longer-term securities. yousef: and that is pretty much evaporating? reporter: it is at an all-time low. we have not seen as ever but not since the days since jfk was in office and bob dylan was writing music. it is amazing. the worry is that

let's get more with tracy alloway who joins us live. it is not just u.s. ting records, we have seen milestones in emerging markets. tracy: that is right. what has happened is we had the u.s. jobs report on friday and it has sparked general rally in risk assets. in emerging markets, what was important about the number is it came in strong enough to show the u.s. economy was still growing, but not so strong that it forces the federal reserve's hand when it comes to raising interest rates. scenario and that has provided a lift. the really interesting thing is even before the payrolls report pouringay, money was mornin op into emerging assets. that is really interesting giving some of the data we have seen from various regions has been coming in soccer than expected -- softer than expected. angie: how is that affecting optimism? anything standing out? tracy: oh, i have standouts for you. take a look at turkey's cdf. the cost of protection on turkish government bonds. they are currently at an 11th month low. risk premiums compressing. when you look at indian equ

joe: that with bloomberg's tracy alloway from abu dhabi. let: pokemon go. discuss that next. this is bloomberg. ♪ scarlet: i am scarlet fu. the excitement for nintendo may have been short-lived. joining us is betty liu. i am not sure why this is a surprise. we knew that nintendo was a .hareholder in the company betty: they have about a 13% stake in this, but you are right. as if this was public knowledge that they were not the whole owners of this game, and this went on. still, shares more than doubled based on the popularity and this is after the markets closed in asia. and a lot of it has been priced in. scarlet: i pulled up nintendo, and 5% of its revenue comes from gaming. so even if this was 100% of its own product, 1000% of an increase, it is a tiny, little portion of it business. betty: it is a tiny portion, and some of you are too jan. enter: i am not. i remember pong. surprise. is a thele are buying into future, hoping this is the revival of nintendo, and it does not so. i know, scarlet, you have got on your bloomberg terminal, this chart. as the s

tracy alloway is here. good morning. >> good morning.ousef: we will jump into that discussion, but first let me set the stage with the oil data that we got. we will focus on the charts. we had a 4.8% tumble on thursday, then holding on and a stabilizing on friday. singles -- it signals -- it was down last week. a smaller drop them forecast, but they keep in -- the key thing is it is the lowest since 2014. you can see, though u.s. -- the u.s. oil production, showing you these.ationship with all you can see these on your bloomberg. again, the shaded area, the 2006 showing -- 2016, showing a downtrend and declines continuing, hardly mixed signals. more important, the u.s. jobs data. break it down. >> my chart is not as gorgeous, but we should talk about the payrolls. that was the big event last week. 87,000 gain, versus those expectations for 180,000, so really beating the estimates. the question is, is this the beginning of something new or the end of something? if you smooth out the payroll gains, that is the light blue line, they are the

. -- the recent rally sparked those -- tracy alloway joins us. about oil producers detecting themselves against another downward drift in the price of crude. at the beginning of the year we saw crude oil as low as $27 a barrel. it went back up to $52 a barrel. it since dropped 9%. the geopolitical turmoil that we have seen in turkey does not seem to be giving it a rise. u.s.e oil producers in the increase their shortcuts on the price of oil. those hedges have come a dividing line between life and death for u.s. shale dollars and we have seen the third consecutive weekly increase now in those short bets against the price of crude. guy: short and sweet today, unfortunately. strong arms. soar as softbank makes a takeover offer. this is bloomberg. ♪ guy: 45 minutes past the hour. this is "on the move." here's juliette saly. juliette: the bank of england should implement a -- an immediate interest rate cut. that is the view of pitch and flickr. the central banks of first rate cut since 2009 should be supplemented by a package of additional measures nex

scarlet: this is something we will be digging into with tracy alloway. perfect.today, we will be previewing the big fed meeting on wednesday. mccarthy, whoward will come completely armed with charts. that's a four car p.m. new york times eastern. oil is below $40 a we have the president and ceo of united states commodity fund, this is bloomberg. ♪ david: i'm david gura. vonnie: i'm vonnie quinn. welcome to "bloomberg markets." david: live in new york for the storiesr, with tort -- from across the world. yahoo!'s fight for survival comes to an end, agreeing to a deal for nearly $5 billion. mercer mayer's future in question, well marty walden continues to be a powerhouse. vonnie: the democratic national convention underway, and an e-mail scandal rocking the boat in the city of brotherly love. the party pushes the most progressive platform and generations. turkey's prime minister says life is back to normal. highlights from exclusive tv interview. david: -- vonnie: