Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it.

I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and

I'm going to explore the lessons we can learn when creativity and ambition collide

with competition and power.

Listen to Crash Course every Tuesday on the IHeartRadio app, Apple Podcasts,

or wherever you get your podcasts.

This is a

Bloomberg Surveillance.

In order to engage in the acquisition of a company,

you have to have a view on the future.

M&A is a conviction market.

It is the last stop in long-term planning.

We will continue to see those wage gains pick up, and I continue to believe that unemployment

rate is going to fall a lot faster than others believe.

Overall, U.S. financial conditions determine pretty much the dynamics of what happens in

emerging economies.

Bloomberg surveillance, your link to the world of economics, finance, and investment on Bloomberg Radio.

Good morning everyone, Michael McKean and Tom King, Bloomberg's surveillance.

Markets on the move today will give you extra data checks in this hour.

Futures, negative nine news, an erosion to equity futures, but they barely describe a record

low ten year yield in the United Kingdom.

Many other indicators showing not so much distress, I don't want to

...