Caroline lets take account to City Private Bank chief economist, stephen whiting. How are you looking across assets at the moment in terms of where you allocate . Not only stocks falling but bonds falling on the same day. Optimism that perhaps yields have fallen too far, too fast. Well, we are a bit underweight global fist income global fixed income. A think this will still be volatile environment. No substitute except for u. S. Hedges,es, some literal not terribly well in the full economic recovery we expect. Underweight fixed income portfolio. There is really no substitute for the safe haven assets. The strategic return estimates have come down. Fortunately, u. S. Yields, when you look at missable bonds coastal eddy good premium to municipal bonds, still at a good premium to the world. They were already priced for crisis. With those, we want to really take them out of portfolios because of valuation issues. Romaine i was looking through your midyear outlook. Because, interesting am w
We are also watching currency, the dollar has been the big story this week. The euro as well as its counterpart. We are taking a pause from the rally after the ecb, but if we see a gain today, that would take that streak for the longest in 16 years of nine days straight. So far it is flat. Flirting withlar . 70 for the first time this year. The dollar weakening across the board with the exception of the yen. Dollaryen, and offshore hovering. We are watching the bond markets as well. The mliv question is, the yields we are seeing, will they disrupt the equity rally . The u. S. 10 year after the u. S. Jobless numbers that fell again, treasuries ing the worst brent slipping after they did extend cuts after a breakthrough with iraq. Tom the European Central bank did put its money where its mouth is, announcing a bigger than expected increase in emergency bond buying, responding to what it calls the unprecedented contraction in the euro area economy. Kathleen hays has the story. What is dri
Speakers include doctor anthony tolkien, director of the National Institute of allergy and Infectious Diseases and hamburg , former fda commissioner. This is about an hour. Why are we even hear. I will give one example. In 2009 there was a pandemic flu. Make a swine flu, i dont know why. Its beside the point. Doing you want enough to go back and out of blake instructed more than 2 billion people. As far as i can tell and theres a lot of reporting on this, the who acted incredibly admirably and rapidly in getting vaccine out. And the only reason that it wasnt one of the most devastating epidemics in the history of humanity is because that person particular flu decided not to be berlin. We dont get a vote but the Gates Foundation else modelers who are pretty good and they estimated that had been anything like the 1918 flu, 33, 37 Million People would have died and then we wouldnt be having this conversation or at least some of us wouldnt becausewe began. And what happens when these sort
Approve a package restricting video on the house floor. This is bloomberg. Bloomberg technology is next. Carolyn this is bloomberg technology. Coming up, the shortsellers warning that rattles nvidia. 2015 2016s best growth stories become a 2017 cautionary tale . And we look at if humans and ai can peacefully coexist in american officers. Offices. Mike. An parker drops the our lead after steadily marching higher the past few sessions, stocks fall back today. Tech shares were among the biggest laggards. The nasdaq turning in its worst performance since december 1. With two key standouts in the session nvidia falling the most in months. Qualcomm fell 2 after it violated antitrust laws, raising new questions about the profitability of its business. Here to break it down, editor at large cory johnson. It seems to have been on a for nvidia. Have been of risks pointed out for some time. He is not really breaking new ground. He is saying this is a company that has done well in gaming. A lot of
Approve a package restricting video on the house floor. This is bloomberg. Bloomberg technology is next. Carolyn this is bloomberg technology. Coming up, the shortsellers warning that rattles nvidia. 2015 2016s best growth stories become a 2017 cautionary tale . And we look at if humans and ai can peacefully coexist in american officers. Offices. Mike. An parker drops the our lead after steadily marching higher the past few sessions, stocks fall back today. Tech shares were among the biggest laggards. The nasdaq turning in its worst performance since december 1. With two key standouts in the session nvidia falling the most in months. Qualcomm fell 2 after it violated antitrust laws, raising new questions about the profitability of its business. Here to break it down, editor at large cory johnson. It seems to have been on a for nvidia. Have been of risks pointed out for some time. He is not really breaking new ground. He is saying this is a company that has done well in gaming. A lot of