MORNING BID-Grand failures

(A look at the day ahead from Sujata Rao, deputy editor for markets and financial services, EMEA. The views expressed are her own.) "You will get business failures on a grand scale," was the warning last night from St Louis Federal Reserve President James Bullard. Yet he stressed he did not see negative interest rates as a good option for the United States. Expect his boss, Fed Chairman Jerome Powell, to repeat that message tonight.