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Speaker 1: This is Bloomberg Surveillance. The length of the moving average

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Speaker 1: is irrelevant, but the ratio between the short term moving

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Speaker 1: average and the long term moving average is absolutely critical.

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Speaker 1: Japan from a point of view of an equity investor,

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Speaker 1: is in deep doo doo. Am I allowed to say

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Speaker 1: that we had growth from the first quarta of only

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Speaker 1: ten and yet the labor market seem to remain fairly strong,

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Speaker 1: and we're not quite sure how that square. Bloomberg Surveillance

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Speaker 1: your link to the world of economics, finance, and investment

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Speaker 1: on Bloomberg Radio. Yes, Carl Weinberg, you're allowed to say that.

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Speaker 1: What an interesting interview with Carl Weinberg today, predicting much

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Speaker 1: of the turmoil we see in the markets this morning.

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Speaker 1: Good morning, markets on the move. Futures negative thirteen down,

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Speaker 1: futures negative one. I wait, Michael McKee and Tom Keene

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Speaker 1: worldwide across the nation. We welcome all of you to

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Speaker 1: Bloomberg Surveillance. Let me get right to an important for

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Speaker 1: X brief, brought to you you by Interactive Broker's winner of

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Speaker 1: f X Week's two thousand fifteen award for the Best

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Speaker 1: Retail for X trading platform, visit ib at i b

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Speaker 1: k R dot Com slash four x on amazing market

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Speaker 1: three hours ago, very strong end three standard deviation moving

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Speaker 1: euro dollar's come back a little bit, Euro one fifty

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Speaker 1: three stronger, Euro stronger. Again, we had a one oh

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Speaker 1: five handle right now, one oh six point zero two

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Speaker 1: d x Y ninety two point four nine. And let

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Speaker 1: me get the ENTR day low on that blended dollar index.

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Speaker 1: It was a ninety one two at four o'clock this morning,

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Speaker 1: nine two on a very weak dollar. But again we've

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Speaker 1: recovered a little bit. Let's let's leave it at that,

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Speaker 1: because the linkage over the equity markets always um uh

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Speaker 1: moved by newsflow uh. And actually there was some pretty

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Speaker 1: good company news today. Well there was, I mean, certainly

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Speaker 1: you can point of Visor as an example about yeah,

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Speaker 1: two and a half percent at the moment. The drug

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Speaker 1: makers first quarter earnings beat analysts average, Estmate and Bloomberg Survey.

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Speaker 1: Revenue surpassed projections by the widest margin in more than

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Speaker 1: a decade, and Fightser raised full year profit and sales forecast. Well,

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Speaker 1: that's an example. The good news not so good news

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Speaker 1: out of American International Group a i G. Stocks down

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Speaker 1: two percent. The Insured post a third straight quarterly net

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Speaker 1: loss a G hurt by losses on hedge funds and

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Speaker 1: falling values from other investments. In the chief nacial officers

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Speaker 1: said this. Sen Caeron said, today a I G is

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Speaker 1: taking back four point one billion dollars from hedge funds,

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Speaker 1: so the exodus continues. You might say CBS Health up

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Speaker 1: one percent. First quarter profit at the pharmacy owner and

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Speaker 1: drug benefit manager beat estimates. Uh they've benefited from a

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Speaker 1: takeover the nursing home pharmacy company Omnicare last year. H

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Speaker 1: holdings though down four percent. It's all about EBADA earnings

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Speaker 1: before interest, taxes, depreciation and amortization. The hospital owners first

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Speaker 1: quarter EBADA was lower than estimates, even though adjusted profit

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Speaker 1: and revenue were higher. And I bring up Evada because

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Speaker 1: it also applies. It also applies to Sprint and those

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Speaker 1: shares are up three percent. The mobile phone company's fiscal

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Speaker 1: fourth quarter EBAD and revenue exceeded projections with the help

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Speaker 1: of cost cuts. Now returning to the drug industry for

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Speaker 1: a moment, my Lands up three percent. The drug maker

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Speaker 1: set earnings will rise about sixteen percent this year, even

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Speaker 1: though prices for generic medicines are under pressure. My Lands

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Speaker 1: first quarter profits are past estimates and Malon Crowd up

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Speaker 1: six percent. Fiscal second quarter earnings and sales at the

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Speaker 1: drug company beat projections and Maloncroft race it's full your

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Speaker 1: earnings forecast. Valero Energy down two and a half percent.

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Speaker 1: The oil refiners first quarter profit and revenue trailed estimates.

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Speaker 1: E q T this is a natural gas producer, down

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Speaker 1: one a half percent. They sold seven hundred and four

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Speaker 1: million dollars of stock to, among other things, pay for

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Speaker 1: sixty two five acres in West Virginia that they're buying

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Speaker 1: from Norway stat Oil for Follion. I'm not so sure

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Speaker 1: of the da on Ibada. I wonder about intangible bad

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Speaker 1: will on a lot of these balance sheets. Well, there

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Speaker 1: is that want you want to know who has goodwill though,

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Speaker 1: yelped us and I say that because it has the

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Speaker 1: good will of David Einhorn. That's one manager predicted that

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Speaker 1: the Consumer Review websites revenue made double by sat that

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Speaker 1: in this quarterly What are the folks at Greenlight habital

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Speaker 1: uh and yelped up five and providing ibada through the

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Speaker 1: day one. David Wilson, thank god, Michael McKee and our

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Speaker 1: American politics, there's no discussion of IBA. Well, if there were,

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Speaker 1: it would probably come across as an epithet um and

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Speaker 1: Donald Trump might call somebody in Ibada or something like that.

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Speaker 1: Greg is with the Horizon Investments. He's there a chief

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Speaker 1: global strategist on politics, and it is going to be

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Speaker 1: I mean, I I don't think there's any way around it. Greg.

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Speaker 1: This is gonna be one of the ugliest campaigns we

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Speaker 1: have seen since the eighteen hundreds when they were traditionally,

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Speaker 1: you know, really really ugly. You've got Donald Trump out

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Speaker 1: this morning repeating a National Inquirer story as if it

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Speaker 1: were true that Ted Cruz's father worked with Lee Harvey Oswald.

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Speaker 1: Oh lord, I haven't seen that yet, but I agree

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Speaker 1: with your premise. I think it's going to be an

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Speaker 1: extraordinary ugly campaign. Little known factoid yesterday, Donald Trump had

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Speaker 1: lunch with Edward Klein, who who has written these books

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Speaker 1: about you know, bill sexual adventures. He contends that Hillary

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Speaker 1: has serious health problems, on and on and on. Most

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Speaker 1: of what Klein has written has been thoroughly discredited. But

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Speaker 1: I think Trump probably believes this stuff, and Trump will

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Speaker 1: use it, and the question becomes, then, ken Hillary Clinton

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Speaker 1: fight back in a way that the Republicans who ran

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Speaker 1: against the Donald were unable to. Well, he counterpunches so

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Speaker 1: well that you have to think that she could be

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Speaker 1: in some trouble. And if if she tries to play

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Speaker 1: the woman card aggressively, and I think she will, Uh,

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Speaker 1: he is going to say, I guarantee you guys. He's

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Speaker 1: going to say, not only did Hillary look the other

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Speaker 1: way when Bill had all these affairs, but Hillary enabled Bill.

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Speaker 1: That's going to be a tough one. How will independent voters,

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Speaker 1: which I assume are a lot larger group than they

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Speaker 1: were years ago, how the how will they react to

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Speaker 1: the redux of the aliens edition election of eighteen o

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Speaker 1: two or whatever it was. It's going to be ugly, right, absolutely,

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Speaker 1: so how will we How will independent voters react to

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Speaker 1: the presume villier ugliness. Well, it all boils down to

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Speaker 1: one thing. Whoever has the highest negatives will lose. So

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Speaker 1: Trump is probably sixty five, maybe even a little higher

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Speaker 1: than sixty five. She's fifty. If he can bring her

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Speaker 1: negatives into the low sixties and lower is negatives a little,

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Speaker 1: if their negatives are relatively equal, he has a chance. Well,

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Speaker 1: the interesting question is going to be how he does

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Speaker 1: that in the sense that there isn't a whole lot

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Speaker 1: about Hillary Clinton that hasn't already been said. She's been

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Speaker 1: in American politics and the American consciousness for so many years. Uh,

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Speaker 1: it's certainly he will say anything, whether it's true or not.

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Speaker 1: But will the American people. Actually, you know, I think

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Speaker 1: less of her than they already do. And I don't

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Speaker 1: mean that pejoratively, but given given that they already know

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Speaker 1: what they know, well, I would point to the Trump

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Speaker 1: nicknames a low energy job, lion, ted, little Marco. I mean,

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Speaker 1: those nicknames have been devastating. Now he's got Crooked Hillary

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Speaker 1: and that maybe as well. You know, one other thing

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Speaker 1: I gotta throw out, Guys, it strikes me with the

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Speaker 1: economy still looking mediocre. I think it's getting better, but

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Speaker 1: I'm not positive with the economy, he's still looking mediocre.

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Speaker 1: It is striking that she does not have an agenda,

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Speaker 1: a prescription to jump start the economy. That's going to

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Speaker 1: be a problem for her, but she can do that later.

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Speaker 1: What do they do after Indiana, after California? What is

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Speaker 1: your reading, Gregg of the history of what front runners

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Speaker 1: do all they wait and wait and wait for their

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Speaker 1: grand entrance. Well, usually they divot to the center. Trump

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Speaker 1: will have that luxury. Now. Unfortunately for her, she still

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Speaker 1: has to deal with Bernie Sanders, and Sanders is really

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Speaker 1: aggravating her campaign and many Democrats in Washington. He won't

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Speaker 1: go away, so it's not going to be quite as

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Speaker 1: easy for her to adroitly pivot to the center until

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Speaker 1: until he's gone. Where did the grace of exiting stage

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Speaker 1: right gracefully go? Ye? This is not like I remember.

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Speaker 1: I think that he, like so many candidates, lives in

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Speaker 1: an echo chamber and adoring echo chamber, and he doesn't

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Speaker 1: want to leave. He wants to go to the convention

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Speaker 1: and influence the platform, and that's a real problem for her.

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Speaker 1: Let me go back to quickly just a minute left

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Speaker 1: here what Tom just said about the independence. Obviously, people

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Speaker 1: see the headlines about the nasty thing Donald Trump said

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Speaker 1: this day or that day, But are they paying attention

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Speaker 1: the average independent, non involved voter at this point to

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Speaker 1: what's going on in the campaign. No, they're not. But

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Speaker 1: an awful lot of these people want to blow up

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Speaker 1: the system. And the big wild card is would that

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Speaker 1: include some of Bernie Sanders young people with some of

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Speaker 1: them as strange as it might sound, actually vote for Trump.

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Speaker 1: When does it get serious? When do when do people

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Speaker 1: start caring? At tomorrow morning. I think tomorrow morning it

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Speaker 1: will be clear who the two nominees will be. They're

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Speaker 1: gonna start going out each other right away. Greg, just

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Speaker 1: a great firmer, Thank you so much. What we'll try

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Speaker 1: to do, folks, is avoid the hysteria. Mr Vlier is

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Speaker 1: from the state of New Hampshire and tries to speak

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Speaker 1: and measured the guys. Guy that has to, you know,

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Speaker 1: censor all these news stories so this can remain a

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Speaker 1: family program. Can you imagine, you know that you got

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Speaker 1: to center the politicians. Michael, do you never seen an

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Speaker 1: election like this? I have never seen anything like this

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Speaker 1: in my life. And I I just I look at

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Speaker 1: it and I've been covering these things since eight four

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Speaker 1: and I'm like, yeah, my goodness. I mean you have

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Speaker 1: to see it, folks. Early in the morning is Michael

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Speaker 1: Barr synthesizes all the news flow that comes in and

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Speaker 1: and tries to gracefully put out the news and what

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Speaker 1: we hope is non hysteria. It's difficult, isn't it. Oh yeah, yeah?

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Speaker 1: And it's something where you know, my kid is asking

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Speaker 1: me what is somebody saying on the on the trail

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Speaker 1: and I can't repeat what there's exactly. Yeah, I'm in

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Speaker 1: the same boat as old Michael Barr with the news

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Speaker 1: here in the bod Futures negative thirteen down, futures negative

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Speaker 1: unless I came with Mr Barr and get the latest

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Speaker 1: world of national headlines. Mike Tom, thank you very much.

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Speaker 1: The US military officials says a U S service man

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Speaker 1: was killed in Iraq when militants from the Islamic State

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Speaker 1: group attacked penetrating Kurdish forces. A Pentagon spokesman said as

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Speaker 1: the serviceman was killed near Mosul, Iraq's second largest city.

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Speaker 1: It has been in the hands of Islamic State militants

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Speaker 1: since they took portions of northern and western Iraq in

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Speaker 1: the summer. Of Ted Cruz and Bernie Sanders. They're hoping

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Speaker 1: to make a huge comeback and gain some ground on

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Speaker 1: Republican Donald Trump and Democrat Hillary Clinton. Republican CRUs has

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Speaker 1: spent the past week camped out in Indiana, the side

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Speaker 1: of today's primary. Democrat Sanders has conceded that he faces

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Speaker 1: a difficult path to overtake Clinton. Global News twenty four

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Speaker 1: hours a day, powered by our twenty four hundred journalists

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Speaker 1: and more than a hundred fifty news bureaus from around

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Speaker 1: the world. Michael Bar Mike Tom, Michael Bar, thanks so much.

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Speaker 1: A better tape right now negative fifteen on the futures earlier,

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Speaker 1: right now negative twelve del futures negative one oh six

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Speaker 1: the euro one sixteen handle earlier, huge move, still stronging

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Speaker 1: the one fifteen sixty one on the euro Michael McKee

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Speaker 1: and Tom King Coast to Coast Bloomberg Surveillance Marcat Drivers

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Speaker 1: brought to you by American Psycho, the musical. The Huffington

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Speaker 1: It's something different, beautiful and terrifying. For tickets, visit telecharge

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Speaker 1: dot com. Of then, when this is nailed to the

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Speaker 1: church the very day they hang for science, How does

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Speaker 1: the finance come together to make the Crucible happen for

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Speaker 1: the umpteenth time, and yet it's always in every case

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Speaker 1: of success. This, this version of the Crucible, along with

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Speaker 1: this version of A View from the Bridge, I think

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Speaker 1: came together because it was a visionary director who really

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Speaker 1: has has reimagined these particular pieces in a way that

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Speaker 1: is very exciting. I mean, look, I think that a

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Speaker 1: lot of times revivals will happen because there's a star

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Speaker 1: interested in the star will drive the box office. But

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Speaker 1: this isn't. These were not particularly starry, you know, sort

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Speaker 1: of piccino level stars. Um that drove these productions. All Right,

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Speaker 1: we're going back to the Tony Awards, Nicky James and

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Speaker 1: Andrew Reynolds with addition additional nominees. Mhm, Okay, we were

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Speaker 1: we were misinformed. Okay, we're not there because what did

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Speaker 1: you say? You were writing feverishly? You looked like me

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Speaker 1: and McKee NHL hockey and I brought a sharpie. What

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Speaker 1: but it's it's it's it's an actor's equity association, sharpie.

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Speaker 1: What do you see on the sheet? Who's not there?

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Speaker 1: What was you know? Within the gossip of the business. Well,

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Speaker 1: I think that the thing that will jump out to

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Speaker 1: most people is the lack of um. Audrey McDonald, who

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Speaker 1: is the who would have been nominated, who is eligible

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Speaker 1: and the leading actress in a musical category for Shuffle Along,

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Speaker 1: She's won six times. I mean, she's a fantastic actor

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Speaker 1: and it was just it was an incredibly competitive year.

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Speaker 1: I mean, people have been just raving about Carmen cusack Um,

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Speaker 1: Cynthia Rivo I think is probably the front runner for

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Speaker 1: color purple. Jesse Mueller is always good, Laura and Auntie

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Speaker 1: is always good, and Philip Asus the leading actress in

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Speaker 1: Hamilton's and you know Hamilton's also I think benefits from

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Speaker 1: what I would say is as close to perfect cast

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Speaker 1: album as you will ever hear. They really spent money

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Speaker 1: on producing it, and a lot of the voters who

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Speaker 1: live outside New York don't get to see every show exactly.

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Speaker 1: This is so important. Well, I just was noting when

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Speaker 1: you were reading off names there there is a real

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Speaker 1: difference between the Tony's and the Oscars. I mean the

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Speaker 1: hashtag for the Oscars was Oscar so white, say Tony

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Speaker 1: is so diverse? Yes hashtag Yes. I mean, it's been

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Speaker 1: an incredibly diverse season. And the thing is, I've wrote

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Speaker 1: a guest column for Variety about diversity a few weeks ago,

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Speaker 1: and the thing about diversity, the next mountain that the

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Speaker 1: industry has to climb is casting actors of color in

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Speaker 1: shows wouldn't have originally featured actors of color. To Hamilton,

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Speaker 1: a good example, if you were writing about Alexander Hamilton's

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Speaker 1: and the founding Fathers. Sure, sure, but I'm also thinking

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Speaker 1: about shows like My Fair Lady or Oklahoma. You know,

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Speaker 1: everybody knows that an audience comes to watch people pretend

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Speaker 1: to be other people, and there's no reason that so

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Speaker 1: many of them just traditionally have to be Caucasian. We

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Speaker 1: would be pleased if you would come back sometime when

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Speaker 1: there aren't nominations. I think it's it's very interesting. Is

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Speaker 1: I would like to talk frankly more about Arder McDonald

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Speaker 1: is just extraordinary. Is going to be fine, but she

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Speaker 1: is one of the best actors I've ever seen in

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Speaker 1: my life. Back no, but one of the last problem

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Speaker 1: she worked with Mike Nichols, right, yeah, yeah, I mean

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Speaker 1: very interesting. Thank you so much. With the Actor's Equity Association.

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Speaker 1: The idea here of the Tony nominations, which all it

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Speaker 1: just always translates into other work later on down the

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Speaker 1: road within the Creative Arts for America again the Tony

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Speaker 1: Award nominations, and Carol Master and Corey Johnson will have

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Speaker 1: much more on that. Um through uh the day, let

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Speaker 1: me do a day to check down, and then we're

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Speaker 1: gonna switch to the politics. The acting of the moment

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Speaker 1: in Dana future is negative thirteen. We've had some stability

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Speaker 1: here after the shock and awe of the Australian Central Bank.

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Speaker 1: Futures negative thirteen down futures negative one twelve yields in

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Speaker 1: a solid seven basis points. A real idea of a

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Speaker 1: shift here um this morning that you see within foreign

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Speaker 1: exchange with the Euro one fifty five was much stronger earlier.

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Speaker 1: Same with the again is well, Mike. The research piece

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Speaker 1: yesterday that shocked me was the intensity of Greg Vlier's piece.

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Speaker 1: Re says, Look, it's flat out the Senates at risk.

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Speaker 1: Why don't you pick it up there? Well, the Republican

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Speaker 1: Party is probably after tonight gonna have to deal with

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Speaker 1: the fact that Donald Trump is going to be the

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Speaker 1: nominee if the polls are correct, and that's always a

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Speaker 1: big if. Uh. He's going to win the majority, if

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Speaker 1: not all the delegates coming out of Indiana, which pretty

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Speaker 1: much doesn't quite mathematically do it, but puts him so

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Speaker 1: close it would be hard for anyone to stop him.

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Speaker 1: And the one thing we do know is that Donald

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Speaker 1: Trump has extraordinarily high negatives and that can affect races

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Speaker 1: down the ballot, Greg, absolutely, I think they're an awful

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Speaker 1: lot of Republican moderates in the North, people like Nick

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Speaker 1: Kelly Ayott or too Mey in Pennsylvania, Rob Portman in Ohio,

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Speaker 1: who have to be really worried that they're going to

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Speaker 1: go down to the seat with Donald Trump at the

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Speaker 1: top of the ticket. And yet your note today suggests

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Speaker 1: that we should take Trump seriously that he has a

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Speaker 1: chance to win. I really think he does. I mean

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Speaker 1: it's not but it ain't zero. I mean I do

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Speaker 1: think maybe one and treat chance. I mean, a lot

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Speaker 1: of things have to break the right way. I think

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Speaker 1: that you know, he needs Hillary's email scandal to stay prominent.

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Speaker 1: He needs to see the economy continue like we saw

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Speaker 1: in the first quarter, very sluggish and frankly, sadly, I

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Speaker 1: think you can probably more terrorism, which you can't rule out,

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Speaker 1: would benefit him. Every time we've seen an incident like

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Speaker 1: San Bernardino or Paris or Brussels, his numbers go up.

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Speaker 1: I I take your point, Greg, I think it's a

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Speaker 1: very valid point about this. If if if, if if.

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Speaker 1: This one of the ifs is he's got to find

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Speaker 1: a vice president to run with him. Oh wise, one

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Speaker 1: to help me here. I mean, speaker English's name has

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Speaker 1: popped up. But is there any wisdom here on how

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Speaker 1: this guy finds a legitimate vice president candidate A heart

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Speaker 1: beat away. Well, a lot of people I think will

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Speaker 1: say no, But there is a perfect tick who would

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Speaker 1: hit all three of Trump's big needs. Number One, he'd

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Speaker 1: be the oldest president ever, so we need somebody younger.

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Speaker 1: Number two, he has to mend fences with hispanics. Number Three,

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Speaker 1: he's got to get someone who understands geopolitics. Mark A.

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Speaker 1: Rubio feels all three. And even though Rubio called him

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Speaker 1: a con man two months ago, in the last week

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Speaker 1: or two Rubio has said some fairly positive things. I

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Speaker 1: think Rubio would be a brilliant pick. This is you

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Speaker 1: know it, what's great? Mike? If you and I said that,

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Speaker 1: we burst out laughing. Gregg says it with a completely

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Speaker 1: straight analysis. Gregg, you are so ja It's almost nine centric.

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Speaker 1: It could happen. And you know, guys, I've been joking.

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Speaker 1: I would take the job. Anyone would take the job.

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Speaker 1: Because Trump has said his favorite foods are cheeseburger's, french fries, steaks.

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Speaker 1: He doesn't go to the gym, I'd take the job

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Speaker 1: for actuarial reason. Well, there would be a lot of

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Speaker 1: people hoping that might be the case if you were

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Speaker 1: the vice president. But the problem for anybody who is

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Speaker 1: considering the job is if Trump were to go down

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Speaker 1: to what at the moment looks like and historic defeat,

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Speaker 1: and goes down at as a racist, as a misogynist, um,

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Speaker 1: all the positions that he has taken. Haven't you just

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Speaker 1: toasted your political career? Well, let's say you do, you

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Speaker 1: do well, and whoever is running mate is does well

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Speaker 1: in the debates. Um, you know, then I think in

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Speaker 1: when you know Paul Ryan's running, you know, Rubio is running.

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Speaker 1: I think whoever acquits himself or herself well as a

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Speaker 1: running mate gets onto the shortlist as a serious candidate

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Speaker 1: in how much would they be tirred by the Trump reputation? Well, well,

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Speaker 1: we'll see. I mean, Trump obviously has extraordinary negatives, you know,

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Speaker 1: but as I wrote in my piece today, so does Hillary.

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Speaker 1: I mean, she's in the mid fifties. Trump is I

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Speaker 1: think the Zeker virus is more popular than Trump with women.

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Speaker 1: But you know, if if Trump's negatives come down a

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Speaker 1: bit too closely her level, you know, then we might

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Speaker 1: have a horse race. I think everyone who is saying

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Speaker 1: that Trump would lose in an historic landslide is being premature.

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Speaker 1: I think it's too early to rule out somebody who's

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Speaker 1: energized so many really angry voters. Well, he's going to

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Speaker 1: have a big uphill climb when you just look at

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Speaker 1: the electoral map. When you look at the map of

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Speaker 1: the states that have historically voted Democrat Democrat in like

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Speaker 1: the last six elections, if Hillary held those, she'd only

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Speaker 1: need to pick up something like seven electoral votes somewhere else.

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Speaker 1: She'd win the state of Florida and win the election,

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Speaker 1: whereas Trump starts with like something like a hundred and

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Speaker 1: sixty three electoral vote. Uh, shortage, you make a great point,

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Speaker 1: and that's why she is the favorite. Uh maybe not

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Speaker 1: the shoe in, but she's the favorite. And for all

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Speaker 1: of the listeners who followed this, like I do, just

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Speaker 1: google the electoral college lock and you you you look

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Speaker 1: at numbers that you just mentioned, Mike. I mean, any

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Speaker 1: Democrat starts with about two forty and you only need

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Speaker 1: to seven. So that is an enormous obstacle unless Trump

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Speaker 1: can break the pattern. Unless he can win Michigan, New York,

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Speaker 1: New Jersey. I don't think he can, but he'd have

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Speaker 1: to to win the general election. What outcome does the

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Speaker 1: establishment want today? I mean the poles of poles and

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Speaker 1: let's assume they're accurate, etcetera, etcetera. What outcome does a

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Speaker 1: stunned Republican establishment want? Well, I'd say, Tom, there's only

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Speaker 1: three scenarios. Narrow Clinton win, blowout landslide for Hillary, narrow

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Speaker 1: Trump win. The latter two I don't think the markets

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Speaker 1: would like because a blowout win for her means not

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Speaker 1: only does the Senate flip, but the House could slip too,

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Speaker 1: And you really think the House of Representatives of jerrymandered

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Speaker 1: America would flip? Well, if it's if the final score

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Speaker 1: is sixty two to thirty eight, Yeah, I think that

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Speaker 1: if if Hillary one in a landslide that big, you

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Speaker 1: could see. So for the market's going to your question, Tom,

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Speaker 1: it's gonna be humor. Nancy Pelosi, Hillary Clinton. That's not

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Speaker 1: a great scenario. A Trump victory as scenario. That second

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Speaker 1: scenario means trade war with China, fight with Jane Yellen,

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Speaker 1: on and on and on. So the one scenario the

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Speaker 1: markets would live with with be a modest hillery wind

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Speaker 1: that keeps the House in the control of Republicans. We

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Speaker 1: are going to continue this discussion. It is a perfect

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Speaker 1: day to continue on our economic politics with Greg Vllier.

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Speaker 1: Another hour of Bloomberg surveillance