This is Bloomberg surveillance.

OPEC's strangled old.

Overworld oil is less than it was simply mathematically.

And then the internal politics are much weaker than they were.

There is a tremendous amount of market conjecture with respect to disinflation trajectory given the volatility of energy prices.

Anyone who watches the IMF and meets their forecasts I think knows that it takes them a while to get to where

the world is going.

Bloomberg Surveillance, your link to the world of economics, finance and investment, on Bloomberg

Radio.

Good morning. and investment on Bloomberg Radio.

Good morning.

I'm Michael McKee, along with Tom Keene.

It's 7 a.m. on Wall Street and 7 a.m.

in the swamp, Gainesville, home of the University of Florida, where I am speaking on a panel today

at the Warrington College of Business.

We thank them for their hospitality.

In the news of the day in New York, signing of the Paris Agreement on Climate Change at the UN.

In just a moment Tom, we'll have a very special guest, the Secretary of Energy, Ernest Moniz.

First, let me give you a quick tour of the markets.

Mixed is the word.

Europe is lower at the moment with the stock 600 down a point 3 tenths.

Here in the U.S.

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