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Abramowicz i am jonathan ferro. Lisa abramowicz actually going to 731 lexington avenue and just making it in time. Good thing Brian Moynihan does not join for another 60 minutes. Lisa really, that is how we are going to start . I was prepared to be here early. Jonathan you want to trade . This will fill out for the next two or three hours. Brian moynihan will join us in 60 minutes. We want to start with the price action. We begin with dollar yen. Something truly historic just happened, something since not since 2007. The japanese yen is weaker even though weve just seen the first Interest Rate hike in 17 years. Lisa on one hand people were expecting this. Some of the rhetoric out of the central bank was not hawkish. They were indicating they were not prepared to hike again. That is why this currency pair is dead in the water. I do not understand this. This is what everyone was ....
The regions are targeted by the gulf carrier estate. Acrosss 8 00 a. M. Emirates, 4 00 a. M. In london. I am shery ahn in hong kong. It, a sea of red. I dont know how else to describe this. Take a look at the function on bloomberg. You can see the red across the board. Japans nikkei down 2 , plunging. We have seen the yen strengthened for its seventh consecutive session. That is playing into the markets. 3 million leading the declines among asian currencies. We are also seeing sovereign bonds, the yields continuing to rise. Treasury yields falling in asia. The fourth executive session. A lot of people have tried to explain this coming from wall street. Look at this chart that i have for you, it shows that it might not really be. This slum may have very little to do with trump or washington at all. Investors have not been betting on potential changes. You are seeing multinational gaining around at the top panel. Stocks are underperforming the s p 500, and so on. This trade may be off ri ....
U. S. Airwaysamerican. What other ones are in your mind . This was the year of the big deal. Who could Forget Verizon buying the entire stake. Ack from vodafone that was an enormous deal. It helped deal volume spike up a little bit. At the end of the day, the number of deals we have seen is relatively flat compared to last year. The total number was abysmal, quite dismal for bankers and lawyers on the street. They will have to look ahead to 2014 to see if there are opportunities to bump the number up. A lot of private equity firms are waiting this out, trying to make a big splash in 2014. You mentioned verizon. Most of the big deals were in tack or telecom. That is right. We might see a few more going on. This is a mature industry. There are some big deals we could see going forward. Mobile outu have t there that is still a target. We might see softbank make a run for that. They are the majority owner of sprint, so they will have ....