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Interesting enough. We have the gdp numbers, the contraction in that economy, which is awful, obviously, but relatively good to compared to some other parts. Getting the test and trace progress going very efficiently. Fester e talk of an of Investor Outlook for another year. Tom the dialogue on furlough and income substitution over there versus what we see in america. With a briefing, our first word news with ritika gupta. Ritika President Trump and speakers at the Republican National convention put a positive spin on trumps handling of the coronavirus pandemic. The president thanked frontline...

We get prices down and yields up across bond. I dont know how long it can last, given the fact that we still are getting signs that there are going to be layoffs, and thinking in particular of delta coming out overnight and saying they may have to lay off nearly 2000 pilots after the september period. Ive got to say, still a lot of headwinds out there. Tom i agree. The partition of america is extraordinary. We just spoke to the congressman from the court could from the fourth Congressional District of arkansas. He made clear the economy is really good and sets up the inequalities and differenc...

Anna edwards is in for jon ferro and lisa abramowicz. Ferro taking the entire month off. Lisa only taking half the month off. We are thrilled anna edwards could join us today as well. Remember when augusts were boring . August is no longer boring, is it . Anna i remember when all of europe went on holiday in august, but no longer. We got alltime highs on u. S. Stocks. Is that really out of kilter with the underlying u. S. Economy comes with the underlying global ok . Omic story, and is that tom the persistency across yields is amazing. Yields come up 4, 5, 6 days, and they roll over and come b...

Radio and Bloomberg Television across this nation. It is not a usual august. It is highly unusual, different from 1998. Certainly some of these trends are draw dropping are jawdropping. Bonds participate. It is decidedly risk on. Lisa although you have to say, when you got a 10 year yield below 1 , to say it is a decidedly different tone with yields going up indicates just where we are in this cycle. I will say, also important to note that is yields rise, bond prices down, you are seeing real yields remain deeply negative. Tom deeply negative and plunging right now. 1. 00s the right word, at a...

Lift. But i do not buy it for a minute. Jonathan it is tricky. You have to be vigilant about the downside risk, but you do not want to boost the euro. That is the fine road it she has to travel down. Tom tom what is so important is all the conversations we have had is they talk about 1. 30. We are are at 1. 18 and talking about this, things have changed in a month. Saw 1. 2 zero last week, gets it done. They will say, we do not target inflation or fx, but rather inflation, but the fx shadow hits are inflation objective. It is like being a kid when your mom shouts up the stairs and uses your fu...