vol has taken and more assets than pretty much anything else in the etf land scape. of those categories for the first time all year saw outflow in november, so we are seeing a change of sentiment to a little more risk on. the other thing is a trade war etf that basically tries to invest in companies that can handle trade war policies the best, so this is obviously a bad thing for that etf, performance wise. vonnie: flows generally this week, however they been? james: flows this week have been pretty positive, but if you look at specifically the performance of different chinese etf's, they've been taking in money. we expect money to poor in if this deal does get done, but you need to be careful which etf's you are investing in. if you look at different chinese etf's, the fxi has vastly underperformed the s&p 500, but if you look at the h-share market, it has outperformed the s&p 500. we expect those funds to be top of mind over the coming days. vonnie: all right. guy: let's wrap it up. james, nice work. of bloombergt intelligence with all of the etf news. vonnie: amaz

you've got the vix, the move index, fx vol all super low. the trigger for that picking up, and how do you profit off of maybe selling it? i don't know. what do you do? dean: the first thing, this is confounding, especially in fx. are set apart vol from things like the vix. fx is a real head scratcher. so what is it that drives, for example, fx volatility so low? there's a fair amount of forward guidance compounded in things like the euro-usd relationship. is certainly not raising rates, and the u.s. has basically promised something similar to that. what gets this going, i like to say it is new news. the market has to confront something that maybe it wasn't expecting. i think, as we talked about in the last segment, this free pass that the market has given to the economies on global growth i think is interesting, but it is real. in other words, you are looking at something as half-full right now. u.s. pmi is below 50, and the market says, ok, we are ok with that because with think it is stabilizing. there's this narrative out there that it is

for the vols for the. region rounds and us in a country struggling with widespread poverty these are words that could go down well but political observers say the dumb shit us party just isn't managing to shake claims of corruption the issue that voters of all political persuasions are fed up with. in the past 3 years romania has seen massive anti corruption protests. whoever wins the presidential run a photo will face close scrutiny by voters. the other stories making news around the world. made the appeal during a visit to one of the. devastated by u.s. nuclear bombs and in the 2nd world war to an end. anti-government protesters in colombia have taken to the streets for a 3rd consecutive day thousands marched in the capital bogota were stopped and dispersed by police using tear gas the protesters were angry at president event 2 k.'s economic social and security holes. lawmakers in bolivia have passed a law that paves the way for new elections without ex-president able morales once formally approved the b

managed a late consolation to finish things at the 31 later leverkusen stroll to a 2 nil victory over vols burke inching closer to a european position in the process meanwhile freiburg in action just now against frankfurt to round off the weekend's action. so glad back of cemented their grip on the 1st place in the table with a $31.00 victory over bremen and sunday's other games there were wins for leverkusen and freiburg saturday's stand out guy but crushed dormant for no in the match known as their classic and on the anniversary of the fall of the world capitals teams had mixed fortunes in berlin winning with heter losing. tens of thousands of people turned out to watch a spectacular fright in tokyo to celebrate the instrument of japan's ampara are into the new empress tazer wife and pressed south masako away from an open collars move 800000 well wishers lined the path straights are hito took over official duties last month succeeding his father i think he took a following his application under japan's post-war constitution am for has no political power and is limited to sentiment as. i

. >> that vol lun tynes stuff, you have that today? >> what a sweetie. sticky outside.id last night, too, jeff, we were going to i'm guessing maybe the fog will stick around through the weekend. tomorrow morning we'll see patchy, dense areas of fog. i want you to be on the lookout for that. we do have the smoke particles as well. let's get you ready for the weekend. right off with the air quality. we want you to have these. tomorrow it from us? >> the apparent smell from the smoke, it's not that strong. the pattern definitely has been complicated that's been 3ushing into the smoke. i wanted to show you just off shore. circulation around this has brought in the smaek. always thought a little area, a little fresher. mixing together, creating those smoggy conditions. tomorrow we're going to get that back. i also want to alert you with the fog that we have. we could see some of these ground areas of fog forming. those can be dangerous. you're driving, it's okay. you come upon some defense attorney. >> i'm not with the bay. dense ground fog. hold on to this through about 9:0

i mention some of the money going into low vol. the market has been rallying so much, low vol is starting to underperform by a significant margin. we are seeing that money come out a bit. that could potentially be put into more risk on stuff. you mentioned in the segment before some flows coming into europe. you are starting to see some interesting technical breakouts in european etf's. you've seen some bullish moves, flows starting to perk up in the european etf's and other international ones. if money does come back into equities, it will come through europe some of the other international etf's. guy: speaking of year-end, what kind of a factor is that in all this? athanasios: typically the fourth quarter is the biggest on average, 35% to 40% of all flows for the u.s. guy: why is that? athanasios: some of it is end rebalancing, some tax loss reversing. this year, you have a really big up market. you probably will not get as much of that in the fourth quarter. but typically because of positioning at year end, the first quarter ten

damian: short vol, bid for carry. we have seen implied vols collapse over the last three months.nk we are one or two standard deviations below where we have been on a three month basis. carry to vol are negative. where you get your carries from now? we haven't seen investors move down in credit quality into high-yield. forget about low bbb's. i'm talking about where the value dislocations are biggest. alix: barry, weigh in. barry: to me come the thing that sort of -- to me, the thing that sort of struck me, the way i've been thinking about a trade deal, there's a shock and a flow concept to this. the stock is the cumulative tariffs that have been put in place. then there's the flow. the reason the flow is so important, that is just the new tariffs and new data, that has been the main channel by which the u.s. economy has been affected, through the business confidence channel. , i look atnfidence six-month planning. that makes one from 16 before the election to 36 when the tax cuts and jobs acts was passed. the trade war just eviscerated weakenedwe can -- and capital spending plan

los deportes la final de la copa libertadores entre river plate y flamengo >> momentos dramÁticos ya volre, para reducir el azúcar en la sangre. uso trulicity solo una vez a la semana, funciona 24/7, empieza a actuar en mi cuerpo desde la primera dosis y podría perder un poco de peso. trulicity no es para personas con diabetes tipo 1 o cetoacidosis diabética. tampoco si eres alérgico a trulicity o si tú o tu familia padece de cáncer medular tiroideo o síndrome de neoplasia endocrina múltiple tipo 2. interrumpe su uso y llama al médico de inmediato si presentas reacción alérgica... un bulto o hinchazón en el cuello... o dolor de estómago severo. serios efectos secundarios pueden incluir pancreatitis. el uso de trulicity con una sulfonilurea o insulina aumenta... el riesgo de niveles bajos de azúcar en la sangre. efectos secundarios incluyen náusea, diarrea, vómito, dolor abdominal y pérdida del apetito... lo que causa deshidratación... y podría empeorar problemas renales. hacer más está en mí, reducir mi a1c también. pregúntale a tu médico por trulicity. ♪ [giggles] las arrugas no te hace

people sometimes fail to appreciate that private credit also competes with the broadly syndicated low volhey think that private credit exist in a vacuum, and it mostly does. but private credit is leased to companies with 100 million dollars, $400 million, so once you get anywhere near those, you are competing with abroad -- broadly syndicated low market. the ability for private investors to access bigger companies, more companies expands, and that is good. shery: that was susan kasser, and reminder that you can find lisa and bloomberg money under each tuesday at one a clock p.m.. this is bloomberg. ♪ whether you're out here on lte. or here on a wifi hotspot. xfinity mobile has more coverage to keep you connected to what matters most. that's because it's the only wireless network that automatically connects you to millions of secure wifi hotspots and the best lte everywhere else. switch now and see how you could save up to $400 a year. and get 50% off when you buy any new lg phone. xfinity mobile. click, call or visit a store today. mark: i am mark crumpton with "first word" news. as the h

total options volume is 2.5 times average daily vol.to remember will target be the imprison us to move things tarring is up 67% op the year here it's important to go to the chart and look how it got here if you go back to august look at the gap that it had when it reported the q2 earnings better than expected comps, better than expected online sales. the stock broke out to new highs. what's interesting is the last three months the stock held the gap really nicely. that's a very nice base there. but it's kind of up there in the middle of no where i think it's important to go back five years and let's just see, this stock had been basing in in levels in the 807, $90 range then you had the gap i suspect that area is a significant point of technical support for the time being that being said, when you are looking at some of these stocks, you know, this is up, you know, 67% on the yaoer, trading 18 times. that doesn't seem expense toef wal-mart at 24 or costco at 35 times. it's expense to have hagerty's history. the slightest bit of downgrad

former topples the previously undefeated vols book now that celebrating your best day in style. known as bit was a great present we wanted to weigh in amanda wants. in the levy it's good i'm happy with the for you know this is a good time. farmers also got to be pleased the dortmund have gone 3 league matches without conceding a goal that's a solid wrong but this week of truth continues on tuesday. in the champions league . and if you can catch your breath they'll then face by and next saturday but never mind the traditional big 10 now there's another team. added to kick off our compact section. mentioned the league leaders for 3 weeks running knew they had a hard task ahead of them and leave accusing the offensively strong hosts the bloodbaths defense under pressure of the 90 minutes but the phone with a cold blooded i'll go. in the 18th minute new style marcus still broke into the box past to the middle and found that she will also give them a spin it seems 2011 play that he was an equaliser shortly after thanks to a sugar sweet for lucas and the rio to a long running kevin fa

it with training with 3 minutes left. 5 or topples the previously undefeated vols book now that celebrating your birthday in style. town is that it was a great president we wanted to weigh in the mother wants. you to live. isn't a lady it's good i'm happy with the 3 you know this is a good time. farmers also got to be pleased that dortmund have gone 3 league matches without conceding a goal that's a solid run but this week of truth continues on tuesday went dormant host into milan in the champions league. and if you can catch your breath now ben face by and next saturday but never mind the traditional big so now there's another team. added to kick off a compact section. mention got back their league leaders for 3 weeks running knew they had a hard task ahead of them and leave a place in the offensively strong hosts but bloodbaths defense under pressure for 90 minutes but the foles with a cold ability to go. in the 18th minute new style mark is still broke into the books cost of the middle and found veteran oscar event who's been kept back since 2011 leaving his an equaliser shortly after th

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and him and the date of that are 7 and one of the day one of the vol double and a talk. with a ban on a recent law had to say that i am held to father. and i quote what you were d.m. in the back been to lay it out on passion for her kelly and to discipline him to put her sweetness a quick to tussle subject last subject out of him into. and. get him a question that bit all lead but can put the fire out in the america and all the others she. yes. i said. i said who every moment you know i have a moment i. must drop. after having been with a can as hell ali an american gentleman socialite affair with the many elephants about an alleged chemical. who as you are good to her don't want to or ought to be led into her duty i mean how many i had an immense amount left been in all that sort of choice of any among scientists of play and. in azores but to have had as she and it's come with if i have had to have to get them at the floor a span of little what i had as. i had never had much. you know by well i mean i'm alive. but the. length of. time on the. set is a lot of us so what

oh i do yeah perceptional time chaps ahead from the top of us yet most find yourself fuel and low vol 0 fault i will i will write about this i am actually write 3 things every day right before i go to bed but i'm grateful for sure and it may sound very simple and kind of you know silly but it's been life changing out like i feel like your mind is like a muscle absent and the more you work out like a certain part of your body the stronger it gets and i think that when you work the muscle in your mind of gratitude and makes me more apt to see that every day to just see little things i'm grateful for and i'm just a little bit happier and i've been doing it for 2 years has been a big battle as if i have often to former i have my muscle the consequences of the . book she's a little odd every day yeah yeah that's not just to please. as he said look he's pushing this really that's what was it my garden because i wanted this other should send us money every month and we will build the sun as abuse and put a really good view music mom couldn't because of fear. of what i'm a dozen students this

. >>> let's turn to janessa with a look ahead >> you need to be thinking about warm toasty vol cainosat's in place and it's not going to back off. this hurts my feelings just looking at it. the wind chills are going to be an issue from billings 13 degrees. by friday morning green bay to fargo. near the single digits that's that next clipper that will make its way in we have another shot of cold air coming in by next week >> i'm going to share the sad face emoji with that too that's really cool janessa, thank you >>> when we come back, a life-saving twist in a proposal. you're watching "early today" on a wednesday. at the end of a long day, it's the last thing i want to do. well i switched to swiffer wet jet and its awesome. it's an all-in-one so it's ready to go when i am. the cleaning solution actually breaks down dirt and grime. and the pad absorbs it deep inside. so, it prevents streaks and haze better than my old mop. plus, it's safe to use on all my floors, even wood. glad i got that off my chest and the day off my floor. try wet jet with a moneyback guarantee too many after-part

. >> i just think this is an interesting setup because vol is cheap. the options look dollar cheap if you look for a hedge in bullish equity environment this is about as cheap as it gets. and we have a lot of time to march expiration. >> for everything "options action" check out the webt "options action".com and check out the supercool news letter. here is what's coming up next. >> announcer: coming up, cisco systems out with earnings next woke mike khouw had has a systematic way to prepare for them, especially if you don't think this net works >>> plus calling all "options action" fans, reach into your pocket, grab your phone, and tweet us your question @"options action." on it's nice, we'll answer it air, when "options action" returns. ♪ "options action" is sponsored by think or swim by td ameritrade ♪ ♪ ♪ ♪ it's got all my favorite shows turn oright there.boom, i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and yo

is about to start please make your way to you'll see us the usual queue for punches of the west end vols famously it says here in london but it's saying that might be making a hasty exit they could see the actors and entertainers trade union has released guidelines encouraging theatre is to drop the term ladies and gentleman and use gender neutral terminology for collective calls both front of house and back stage so avoid alienating people who identify as non-binary so neither male nor female some venues at the apollo have already dropped the phrase opting instead for good evening or welcome stressing that they want everyone to feel welcome while london's transport network has already made the change from ladies and. to phrases such as good evening everyone but want to see it's a god was think about these changes if i didn't announce why they were doing it i probably wouldn't notice so suppose it's far enough although i quite like that is a judgement to be honest should be on nothing you are taking a fork you fall seriously so i. suffer through the i. think maybe older generations of my

resignation of president ever more quit after weeks of demonstrations against his reelection in a disputed vol morales says his removal is a cold in the u.k. lead in asia nigel farage says his party will not contest cease currently held by the ruling conservative party in the december general election in a boost for prime minister boys johnson frosh said that he didn't want anti breaks in audie's to win the vote jordan's prime minister says it is committed to its peace treaty with israel despite ending a 25 year deal that allowed israeli tourists and farmers fisa free access to 2 large stretches of its territory along the border a month safadi says it's acting in accordance with the treaty in not renewing the deal so all of lebanon's banks will close on tuesday as workers plan to go on strike because of safety issues the bank employees union cited the demonstrations and customers demanding to withdraw their deposits among their concerns coming up next here on al-jazeera its inside story to stay with us. free thought with limits cambodia's opposition leader is released from house arrest bot his

vol 3.3 billion shares.nd the pension fund for federal workers will start tracking china listed companies in an effort to curtail the flow of capital to chinese companies. the decision is encountering stiff bipartisan opposition. senators including marco rubio calling the decision foolish and promising consequences. former senator and attorney general jeff sessions is desperately trying to earn president trump's approval. he dug himself a big hole to do that. he started out with a maga hat. that's not a bad start, in his most recent campaign ad. he says he's going to work for the president's endorsement and claims the president won't have a better supporter of his agenda in the senate. i wonder what he told him when he was made attorney general. the 2020 trump cap pain using the dim's sham impeachment extravaganza to haul in a lot of cash. the same amount raised two weeks ago when nancy pelosi's partisan impeachment process vote occurred. joining us tonight, fox political analyst the savant himself, ed rolli

you are having expectations hopefully for a vol pick up. where you see this level?'s he's got to say some upside. we are going to go back to the levels of two or three years ago -- will they go back to the levels of two or three years ago? probably not. but before, the market would get excited about global growth, get long some of the high risk currencies or high-yielding currencies. this back-and-forth is what creates volatility on the fx market. you don't get a lot of back-and-forth these days. that keeps things relatively steady. i think we do need to global cycle to really pick up ultimately for investors to regain their appetite outside the u.s.. alix: anything on the euro, the? -- the euro, though? where you stand? vassili: one of my favorite charts is actually equity inflows into europe from the outside, which have really picked up in the last couple of months. remember, we've never had a euro .ally without that inputs i think taking currency risk on the euro is not a great ad yet still. taking a view on european equities going higher, some of those undervalu

that vols tiffany $16.2 billion.s deep pockets could help tiffany make a turnaround after a rocky few years. >>> anna, elsa and olof have grabbed another record for disney. >> has elsa seemed weird to you? >> she seems like elsa. >> "frozen 2" brought in $170 million for the weekend at the box office. disney has had five films bring in a record $1 billion at the box office, including "avengers" "toy story 4," "the lion king." its success comes at the perfect time. the north american box office is down 7% compared to last year. disney could have another record with this -- >> people keep telling me they know me. >> that's coming up. "star wars: the rise of skywalker," december 20th. >>> the president's views of impeachment and the latest debate with surprise guests. >> it's great to meet you for the first time, by the way. >> keep the quid pro quo on the low-low. >> no quid pro quo. >> there definitely was. >> i have mom hosting thanksgiving energy. i'm low to the ground because i thought 10 people were coming and now

if it does, you will see active managers rotating out of these low vol leadership positions.a shot across the bow of that in early september. when you have uncertainty about the medium-term growth outlook, it is hard to get people out of this defensive portfolio. it seems now people are questioning that medium-term growth outlook. our view is that the first half of next year is going to show significant slowdown in the data. if that materializes, you are going to have people question it in a few months. if you don't, what you're seeing is a chase for a cycle that has been stretched a little bit to the future, potentially. stuart: in fixed income --rob: in fixed income, we have seen an asset like bank loans, lower credit quality, has really underperformed this year. things of duration and in higher credit quality, you look at that spread, it is a very widespread right now from a yield perspective. it looks like a great trade. if investors start to reposition their portfolio, they might want to go back into these types of assets which have credit exposure, which should do ok in

bridgeport, they came upon two on the bus was carrying about 253 month militi25three-month militia vols who had just been mustered out were returned from the war. they had a number of others who were also headed to the skeptical frame of mind. to the very large gathering they were present when feature was delivering the benediction and it appeared over hill filled with soldiers hollering prounion cheers to display the banners. in a later account written at bull run as a correspondent for the tribune and a local divinity student and journalist, according to them to the, the ss went straight to the flagpole where the peace flag had just been raised as well as the jackson wore flag. as the soldier should meet up and tore down the flag, the rally speakers flooded from the stage in panic indicated in a nearby cornfield. they referred to this account as bull run on a small scale. the key delivered the patriotism with the humor of the occasion. some of us at the peace rally betrayed the cause of peace by drawing weapons and the soldiers managed to disarm a few of them but not before one pistol

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recently arresting 42 people allegedly vol in complex money transfers for the terror group. translator: we have concluded that the real sbepgs intention is to begin a mission called break down defenses. to storm jails inside iraq and syria to free terrorists. >> reporter: what do you think should be done about them? >> translator: there should be a large international effort to deal with this. because these criminals could escape camps and go back to their country. they pose a great danger to countries in europe, asia, and north africa. >> reporter: in the nation where the caliphate first emerged, a warning. that it still has the money and the intent to be reborn. over the weekend there were four brothers arrested plotting some kind of alleged bomb attack there. so the turks are moving as hard and fast as they can to deal with this problem. also expelling known isis individuals back to their home countries. quite controversial there. but the solution to this prison and the camp problem, nobody's anywhere close to it. >> such an important report because that region seems to b

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nellie runs it every year with her brother and unpaid vol teartea volunteers.e box van suddenly died and now two minivans are on their last leg. they're looking for a minivan or truck in good condition. >> i wouldn't have to worry about going in something older and have it break down. if we don't get it here, there's people left in line that don't have anything. >> we posted more information on how you can help. abc7news.com. >>> building a better bay area requires having an infrastructure that works. we told you about this huge pothole on highway 101 in san francisco. since our report caltrans did a quick patch up. so check it out. on the left is what it looked like on wednesday. it's hard to see, but on the right is what it looked like after the patch job. and we did have our crew drive over it. they said this huge pothole there, the one behind the truck, that's gone. we want to hear your ideas about building a better bay area. share them on facebook. >> it doesn't look as good as you want it to look. >> you want it to be perfect. they have the water undernea

that vols tiffany $16.2 billion. this is one of the largest deals in the history of the sector.a turnaround after a rocky few years. and will help its effort to connect with millennial consumers. >>> anna, elsa and olof have grabbed another record for disney. >> has elsa seemed weird to you? >> she seems like elsa. >> "frozen 2" brought in $127 million for the weekend at the box office. te highest-grossing debut ever for walt disney films. disney has had five films bring in a record $1 billion at the box office, including "avengers" "toy story 4," "the lion king." "frozen 2" could be number six. its success comes at the perfect time. the north american box office is down 7% compared to last year. >>> "saturday night live" tackled the president's views on impeachment and the latest debate, with some surprise guests over the weekend. >> it's great to meet you for the first time, by the way. >> keep the quid pro quo on the low-low. >> no quid pro quo. >> there definitely was. >> i have mom hosting thanksgiving energy. i'm low to the ground because i thought 10 people were coming an

vol thathave low is normally a warning sign.hat is when the red lights flash and you say if we get any change in the fundamental data we could see a position squeeze and a large increase in vol. that is not the case at the moment. tom: peter, what is the dollar dynamic with edmund's equity market? you finally get the dollar to move weaker. what does that do to sox? tocks. >> it is good news for u.s. stocks and global stocks. it is good news for u.s. earnings. if we look at the s&p and the money equity indices they trade up relatively elevated levels. the catalyst for even better performance year would of course be an improvement in the year end earnings outlook. where we see a weaker dollar that will help on u.s. earnings. that is how we think about the dollar at the moment. next see the dollar weaken year it would be good news for u.s. stocks. edmund, november 19, are we into the year-end ballet where there is a natural inclination for a lift in prices? >> yes and no. am: wait a minute, that is "surveillance" answer if i have e

fact, i think we can sum up what's going on soft rates, really lofty stocks and at least for now low volhe white board there's ten-year note yields this is generally what happened. kind of went down then flat. the important part what happens starting august 1st. we clearly lost yield ground and the big halloween surprise, one day after the fed lowered for the third time a quarter point on the 30th. 169. yesterday we came close to it but bounced a bit but no doubt it certainly seems as though there's downside pressure. now, let's look at what's going on with regard to the vix. you look at the vix. we are really, really at low levels and if you look at the treasury vix, the ty vix, we are also at very low levels. normally low levels of volatility and lofty stocks makes everybody kind of giddy with happiness but there's some very odd things going on okay, here's the dollar index. monday, tuesday, wednesday and today, here's closing levels and that's why we have the ish last i looked it was a bit under 98 even. close, 97, 93, 97.79 squished look at the dollar/yen, 108, the pound versus the d

they tend to be less volative. that lower volatility comes in the first half of the year which to us could mean that as people see that the fed is done, and that the economic indicators globally are starting to bottom, you could be seeing a move out of bonds into stocks and for us that tends, to you know we're looking for that we had ten years worth of a bull market without enthusiasm and on our year end estimate of 179 for 2020 a median multiple over the last 30 years gets you to 3450 >> where is the ten year yield where is the nonsweet spot for the ten year yield is it north of 2.25% somewhere below 1.45 where do things get pear shaped? >> at this point the market, the psychology has changed the yield curve is steep and you come off of zero if you start heading back down below 1.50 in the ten year yield the stock market will run into be trouble conversely we think there's a lot of upside tohow much the ten year yield can go before we run into trouble will we go 3% like last year and the year before. not likely 2.

>> well, one, i want to be clearly transparent and say that in my own personal capacity as a vol stooerzabeth warren campaign first of all, but overall i would say looking with again, i feel like i'm a bit of a broken record this morning, i apologize for that, but i think the president really wants to see this next generation, this next group of candidates really have the opportunity to push their ideas forward. i don't think he's looking at the past in 2013 or '14 or '15 to reinvent what is happening or think what these candidates could or could not have accomplished in the past. i think he has shown his support of senator warren throughout the years and wants to give an opportunity for others to put forth their ideas. i can't believe he would think that any actions taken on by any one candidate in the past or in the present would be any type of reputedation on what he was able to accomplish in his legacy. p speaks for itself. >> valid point. senator kamala harris is a 2020 candidate who got support from obama during her time as california's attorney general. there have been multiple h

summitt, a friend of mine, she came to my father's funeral, who coached the university of tennessee lady vols basketball team for 38 seasons lived with and brought aware tons alzheimer's disease before passing away in 2016. i'm especially thankful for the caregivers who assist those living with a memory disorder. mr. burchett: friends, family members and trained professionals care for these patients and make sacrifices to ensure their comfort. these efforts must not be overlooked, mr. speaker. individuals diagnosed with alzheimer's need to know they are not alone in their battle against this difficult illness. and while i remain optimistic about new treatments and ongoing research to find a cure, this november i encourage my constituents and colleagues to take a moment to think about those americans living with alzheimer's disease and say a prayer for them and their family and to show support for the caregivers who look after and advocate for them. thank you, mr. speaker, and i yield back the balance of my time. the speaker pro tempore: for what purpose does the gentlewoman from florida seek

they formed vol ter boo talions of citizens, including technology professionals and medics. a crowd sourced funding for their own weapons, body armor and supplies. they were the 21st century ukrainian equivalent of our own minutemen of 1776, buying time for a regular army to reconstitute. since then, more than 13,000 ukrainian versus died on ukrainian soil defending their territorial integrity and sovereignty from russian aggression. america's support and ukraines 18 defacto war of independence has been critical in this regard. by analogy, the american colonies may not have prevailed against the british imperial might, without the help of transatlantic friends after 1776. in an egg co-of lafayette's organized assistance to general george washington's army and admiral john paul joan's navy, congress generously appropriated over $1.5 million in the mast five years in equipping security assistance to ukraine. these funds include the strength and ability to fight russian aggression. ultimately, ukraine is on the path to become a full security partner of the united states within

cassia vol with the brazilian business council. just a piece of information and then i have a question. so the brazilian government has reached out to us to initiate a dialogue that we kicked off in brazil just last week, on sustain ability and resource efficiency, but the brazilian government is putting at the table the amazon issue and asking us to help, to bring with this dialogue with the private sector, and this has been very positive. monica, to your point, is how do you engage with the brazilian government that is extremely important, and issues of investments and sustainable investment, is part of this dialogue that we have with the brazilian government. but my question is the following. what is the real narrative here, because i keep getting confusing information. you mentioned that deforestation was on the decline, over the years. when i continuously see graphs such as this one on the handout that says the forest tation has been rising for the past 15 years. so what is the real story? was the forestation really on the dec

translate that into volatility in the currency markets appeared is tradingol above the three-month vols tension of tariffs in december. how do you trade yuan? are there better trades to be had? akou: the currency is mechanism that prices uncertainty and risk at the macro level. if you look at the dynamic for the chinese economy, the momentum has been slowing down, whereas in the u.s., you are starting to see the s&p making new highs. so the bargaining power clearly is in the u.s., and as it were, the other way of trading it is through the equity markets, so could also show more volatility. and i think that it is less expensive to own volatility because of supply and demand distortion. in terms of the political landscape in the united states of america, you think the chinese -- i read this in the silver bullet -- which is that the biggest threat to the chinese is if elizabeth warren gets into the white house, because she will come at them hard and heavy on human rights relative to donald trump's administration, which is less likely to press them on that issue. this is an i think importa

the morning this is one month vol 22 week -- o two-week vol.w jim: again, i think our framework for theis good start of year. less so and of year. of year.end -- end i think sterling will be higher. i would expect, given that the trade deal negotiations are going to be very difficult, that volatility could spike quite substantially into the second half of next year. nejra: we are on a two-week high for the pound at the moment. what level does sterling have to get to for you to want to start fading that? jim: somewhere between 125 -130. there is a significant premium built and because of brexit. there is permanent damage that has been done to the economy. you are going to have hopefully some type of balance into early next year. nejra: jim mccormick with us. u.s. economic growth could be at risk for slowing further in the fourth quarter as october for gays showed weakness. a number of retailers are reporting this week, kicking off tuesday -- on wednesday, we will get target and lows. we round out the week with nordstrom, gap, and macy's. manus. manus: would it be a strong showing? jay po

when you look at the averages, it has been tightening and very low vol.dispersion in the credit markets, very significant. in the high market, you have a bb market which is everybody's darling. i want a little bit of yield, but i don't want to take on risk. everybody has put money in there. ite you move into b and ccc, is a different world. a very different story. the level of dispersion that exists in the credit market right now is very significant, creating some opportunities. in theown into ccc's, energy sector, you're taking a large amount of risk, but that bbb sector that has outperformed this year, an enormous amount of opportunities. alix: jar jar binks and darth vader will be sticking with me. we will talk much more about global growth and where the opportunities are on a global scale, and we are going to be live at the new economy forum in beijing with a number of names for you, including the tim cook vice chair. the new economy forum is organized by bloomberg media group, a division of bloomberg the parent company of bluebird news. coming up, --

that's one thing we can be sure of with this trade deal, is that vol is going to be there.lix: but technically, there is no volatility. vincent: but i think it will. i think that's one of the trades we will see pickup in 2020 as this deal comes to fruition in the headlines float around it. alix: does anyone care about phase two? gina: no. [laughter] gina: it's a great question because supposedly this is going to have some follow-through, but the fact that we have taken so long to get to phase one means we can't even think about phase two. i think that longer-term investors are saying, how do we get to phase two in an election year with an impeachment? but with everyone so short-term focused, it is just getting to phase one and the end of the year. but that does present a risk coming into the early part of the year. you say, ok, now what?where are we going to go from here? you start to thing about policies, frexit on our minds at the early part of the year. it all comes crashing back on you. but for now, it is progress. vinay: and phase three, if there is one. alix: no doubt

is thek of japan's vol prime mover in efforts to revitalize the economy and seems to be coming to an is swinging away from monetary policy towards fiscal measures among global calls from the government to do more to stimulate growth. it is a market turnaround from recently asch as september, had been confident with more deeply negative interest rates. global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. kathleen: a chinese tech giant has made -- tictoc is facing mounting scrutiny from u.s. lawmakers and regulators. the company has been finding ways to shake off its ties to china according to a report from the dow jones, citing unidentified sources. read what is tictoc considering doing to shed -- selina: it has been trying to rebrand itself away from china potentially by expanding operations in southeast asia, singapore, as well as reducing amount of chinese content on the app in the u.s. the company denied those accusations but it does, at a time when the company is becoming a li

christian: there's been a lot of selling of vol recently.n we look at the currency space, we are seeing record low volatility. the issue is when we start to see that, we see more people we seeg and straddles -- more people engaging. that's what people will be trying to be flat as we head into the weekend. david: we've got about an hour and 10 minutes before all of that data comes down. what is the one you're looking at the most? absolutely consumer spending. we will also be watching thanksgiving and black friday and all of that fun holiday sales. we don't expect a very strong reading on holiday sales, actually. we are only expecting something like 3.4% growth from last year. was weak last year because of the government shut down, but overall we will see some slowdown. david: many thanks to vincent cignarella and yelena shulyatyeva of bloomberg. christian lawrence of rabobank will be staying with me. you can run gtv on your terminal, browse recent features, and save your charts if you want by running gtv . this is bloomberg. ♪ vivian

matthew: i think you do have to worry more about headline risk and vol.ng, how well that has put liquidity into the market. the fed funds rate is actually between 1.50s percent and 1.75%. that is because of the injection of liquidity on the repo market. that is helping right now. you are seeing stocks not even see two down days in a row. but you have to be ready for volatility. it will come back. it is just a matter of time. at john hancock investment management, we are dipping a bit into the investment side as well. infrastructure equities is the way we are dealing with that. having duration in fixed income, to us, makes sense here. that is hour-long volatility part of the portfolio. michael: what are you doing on the fixed income side? at this point, jay powell has cap danced offstage. matthew: unless we reduce our high-yield exposure -- chad: unless we reduce our high-yield when it comesall, to duration, we've brought our duration in a bit to a benchmark. our duration is roughly about four years out. we are just moving out the credit quality spectrum.