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Podcasts, radio news. This is the Bloomberg Surveillance Podcast.

I'm Jonathan Ferro, along with Lisa Abramowitz and Amri Hordern.

Join us each day for insight from the best in markets, economics and geopolitics.

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We begin this hour with the promise of fiscal stimulus out of China.

Equity is running worldwide ahead of jobless claims in the US and comments from Chairman Pell.

Evan Brown of UBS saying, recession risk needs to be further priced out.

Investors poured money into defensive trades over the last couple of months,

but resilient U.S. economic data and a proactive Fed have meaningfully reduced the left tail.

We look for Treasury yields to continue bouncing from here

and cyclical sectors to outperform defensive. Evans with us for more, Evan good

...