from bloomberg headquarters in new york, good afternoon, i'm david. and here is what we're walking this hour. bankle england is prepared to keep rates lowers and yellen to raise rates. our exclusive interview with carney. we'll get a look at what is behind the latest selloff. home away shares taking off after expedia agrees to buy the alternative accommodation site for $3.9 billion. will the deal help the company compete with the industry's leader? we'll hear from the c.e.o. of home away and expedia. first, let's head to the markets direction where julie has the latest. julie. julie: stocks trading and fluctuating within that range. the dow is higher, the s&p is

slightly lower and the nasdaq lower as well. really, a lot of company news that is pushing and pulling stocks around. one stock we have been watching, not just today, but the last couple of months, valiant pharmaceuticals is back in the news and down by 16%. it looks like the company is commenting on its c.e.o. saying the board has full of the as the chief executive officer in the company. i'm just getting that statement in my bloomberg terminal right now. perhaps they felt the need to come out with this statement after the "wall street journal" reported today that bill actionman, a defender of the company had actually considered dumping his full state before doubling down and buying an additional 2 million shares. he had sent some queries to the management of the company about its recent practices and

dealings with the public in terms of its public relations. all of that sort of percolating here and resulting in this drop that we're seeing in the stock. it had made a run and recovering to some degree earlier today but is now giving up in kind of declines that we had seen earlier. we are seeing pain elsewhere within the biotech/specialty pharmaceutical industry as well and heading solutions which had come out with earnings that beat the estimates is falling sharply. there is some scrutiny on capitol hill over drug pricing practices from companies like valiant and endo. in addition to that, endo's playbook is to acquire growth and on the conference call today, the company talked about continuing to make smaller acquisitions. some analysts had pushed them to make larger ones. falling after third-quarter sales were short of estimates. the top cancer drug not going as fast as expected. and ariad out with its numbers and the cancer drug having flat

demand. so all of those stocks taking a hit on their various results. david: thank you very much. that's julie hyman, we'll have more on valiant a little later in the hour. the first word news this afternoon. mark crumpton is at our newsdesk. mark. mark: let's begin with the united states saying it cannot rule out the possibility of terrorism in the crash of a russian plane in egypt's sinai peninsula. the white house press secretary says the u.s. has not determined what brought down the metro jet last saturday illing 224 people onboard. refusing to discuss what intelligence officials have found so far. militants are taking responsibility of the crash. the terror group hasn't provided any evidence to support that claim. germany's group says it's suspending all flights to and from that airport due to the current situation on the sinai

peninsula. two weekly flights would be affected. luste thanksa will work with the german foreign industry to make sure tourists are returned home. details of the sweeping pacific rim trade deal are out. the agreement between the u.s. and 11 other countries lays out plans for the handling of trade in everything from zinc dust to railway sleepers. it sets the stage for extended debate in the u.s. congress before it can be ratified. the homeland security department says secret service protection has been approved for donald trump and ben carson. the republican presidential frontrunners requested protection last month. the secretary jay johnson approved the request after consulting with five members of congress as required by law. the u.s. house of representatives today approved a bill that renews transportation programs for six ears, but only pays for three. the vote received wide

bipartisan support. the legs includes reauthorization of the export import bank's charter which has been held up in congress since it expired in june. that's a look at our first word news right now. you can get more on these and other breaking stories 24 hours a day at the new bloomberg.com. from the bloomberg first word desk, i'm mark crumpton. david, back to you. david: a lot of news about monetary policy today and the race to raise rates, so much as it is a race. the fed maybe a lead as jeanette yellen prepares to raise them as early as next month. >> if the incoming information supports that expectation, then our statement indicates that december would be a possibility. david: the bank of england is prepared to keep rates low for white longer. >> recently what we've been, the challenge we have been facing is what's the right timing of starting that process

of limited gradual rate increases. this economy has been making some progress in the judgment of the committee including myself, it hasn't made yet enough progress to start that process. david: for a look at that divergence in central bank policy, let's talk to the chief u.s. economist, recognizing the expertise, a couple quick questions on that interview. what did we learn from what he had to say at the press conference, the minutes and interview ? >> everybody is weighing in on the fed, i might as well. what he told us, it looks like the bank of england is leaning toward a second-quarter liftoff to rates. they're not the first out of the gate. i think the fed will be first and i think bank of england is cognizant of this. we're in a very unique environment with this broad decoupling of central bank interest rates and this is something that is highly unusual, especially among the g-10 economies. we have a situation where the

fed is possibly going as early as december, probably going in the first quarter of next year, i would estimate. at the same time the european central bank is easing policy and expectations are for them to expand the q.e. program and bankle england is caught somewhere in the middle here. they have a lot of similarities in terms of labor market performance and the recovery from the great recession and financial crisis. a lot of parallels with the u.s. economy, so i think that they'll largely be doing what the fed is, but they're much more sensitive to what happens in continental europe and that will slow them down. fed first. the o.e. second. david: mark carney no exception, he was asked about what he think the fed might be doing. >> it's performing reasonably well. we see them growing in the high 2s over the course of our forecast horizon. that is material for demand for the u.k. and it's one of the reasons why we see our economy continuing to progress.

i'm quite confident that they will make the right decision at the right time. david: he is saying that the economy is doing well. we had janet yellen on capital hill. give us the latest metrics, productivity out today, we're looking forward to jobs tomorrow, the economy doing well? >> doing ok. the u.s. economy and the global economy got rattled by the market turmoil of late august and early september. the question of how long does it take for that negative impulse to fully percolate through the economy, i don't think it has fully percolated through the labor market yet. if you think about it, the september jobs report, the last one we saw, that was tallied as of september 12. that did not give hiring managers a whole lot of time to process what was happening and to understand that this was just a fleeting shock to the financial system and therefore they could respond accordingly. i think instead that had a bigger impact on the october numbers which is what we get tomorrow morning and so the last two months we have

averaged roughly 140,000 jobs per month. i think that potentially it's going to get worse before it gets batter, so the good news is it does get batter. we're starting to see the green shoots that this soft patch is starting to permanently. we saw the service sector i.s.m. yesterday and we're seeking an increasing numbers of statistics. you highlight the productivity, this was a false dawn. economists have been wringing their hands over the low productivity numbers that we have seen. mind you, it's been below 1% for the last four quarters. we see a little bit of an improvement today. that happened due to the same fear that i highlighted, hiring managers pulled back on the labor lever more than the actual slowdown in the economy last quarter. so we saw good productivity growth. it was due to heightened caution. that's not the kind of gains we want to see. i suspect productivity is going to roll over again in the current quarter and that means that the labor numbers will pick up as well. so this is the silver lining of the low productivity numbers,

we're seeing decent labor gains and that will continue for a while longer until we start to see wage pressures. when wage pressures pick up, then businesses make the types of investments that will truly boost productivity in the long run. we're not there yet. i think we see that in the first part of next year and that will be the good kind of productivity gains, not the fear-based productivity gains we saw in q 3. david: thank you very much, the chief economist of bloomberg intelligence. stocks rebounding from lows, investors can't decide whether a fed rate hike would stall a rally. george h.w. bush breaks his silence, he has scathing things to say about dick chaney and donald rumsfeld. and weeks after the september fed meeting, will gold lose its luster if we see big jobs numbers? ♪ ♪

david: welcome back to "bloomberg markets." i'm david gura. a look at some of the biggest business stories in the news right now. rival f kubela's after bass pro shop is considering a bid. the move followed a move by the investor for the company to explore its options including a possible fail to a competitor for a private equity firm. anthony allen and anthony conti worked in the firm's london office were accused of joining in a four-year scream to rig the london inner bank. they were both found guilty of all charges. a former broker admitted he stole $20 million from customer accounts and used the money to pay his own bills and pay

investments. he pleaded guilty in manhattan federal court to securities fraud and embezzlement. no word yet on settlement. you can always get more business news at bloomberg.com. let's head to markets desk where julie has a check on company ubers. joe: in retail, a lot of retail earnings today, ralph lauren upped the most in a single day in 15 years, 16% gain for the company after its latest earnings report. profit beating analysts estimates. the company did a reorganization that was designed to save costs and it looks like that is working, redesigned its organization to be more globally focused rather than regionally focused. the company said in september that form gap executive stefan larson would take over from ralph lauren himself as the company's c.e.o. that is going to happen this month or i should say it happened last month.

so now is having a company that is doing a little bit better and the shares reflect that. cocs is coming out with a loss that was wider than analysts had anticipated. the company said it is facing challenges in china in particular, trying to improve its distrigs network there. kate is going higher after that company's earnings topped the estimate by two cents. the company highlighting its direct to consumer sales, it's internet sales up by 16%. the average estimate was for that to gain by 12%. finally, a challenge of limited brands as well, that company shares are trading lower after its results missed analysts estimates. david: thanks, julie. in keeping with the markets, stocks are in flux today as investors listen closely to comments from jeanette yellen, he s&p 500 is at a three-month

high. jeff, managing partner at cornerstone financial partners joins us with mike, a columnist here at bloomberg. we were talking about jeanette yellen speaking about the fed raising rates. a big event? >> it's been over nine years since we had that rate hike. you can see the market reaction through from june until now where certainly we had the market correction, september, when first expected rate hike, nothing happened. what did the markets do, a big downward momentum again after we had a movement back up. so, damned if you do, damned if you don't type of scenario. what we expected to happen, it didn't happen. markets reacted negatively to it. october meeting, wasn't sure, no major expectations. the market rallies back to where we are right now. damned if you do or if you don't situation, however the markets or the economy is growing, but not at the level we need to raise rates at this

time. david: what do you tell clients when they look at how hard it is to predict what the fed is going to do on top of the volatility that we have had, hard to chart a course in the middle of all that? >> we have been waiting for a little bit of telegraphing from janet yellen, we have seen some of it. we know there wasn't a rate hike in september, it was quiet. the last couple days, the governors are out there, janet yellen is out there, some of it was already scheduled. however, they're out there more or the news is covering it more, so we're more data about what is expected, bank of england doesn't do anything, so it kind of pushes that the fed is going to be the first. it's just a matter of when, but, again, what would be the reason to raise rates, well, inflation or to slow down an overheating economy, neither one is there right now. david: who stands to benefit here when rates do go up? >> well, there has been a lot of strength in regional banks, obviously.

they theoretically stand better for the most with higher net interest margins more so than the larger basics that are more diverse. obviously as jeff is saying, the groundwork really seems to be laid here, not just in the statements, sounding pretty hawkish today, but in the market moves, you know. the 10-year treasury has added something like 20 basis points in less than a month. the dollar is strong again. stock market, here we are back -- it seems to be as comfortable with a rate increase, as least as comfortable as in august, some bad nightmare that we can forget about. the thing i keep reading, the big risk. i read a lot of october letters from various funds. the big problem in august obviously was the china currency devaluation and i think the big question mark lingering is, a, would a rate hike be the type of thing that would possibly cause them to devalue again and also the

earnings picture is just kind flat. right now, really we're back to where we were before this started. it suggests, jeff, maybe you have thoughts on this, the sort of valuation expansion part of the market is maybe over and it's kind of a show me the earnings type of situation now. regardless of rates, that's the big story. >> the market's best friend has been the fed reserve. it's back to the fundamentals and that's why some of the areas we're looking at, we like a little more overseas right now. we still like the u.s., again, continuing to see the growth coming from the u.s. however, as you mentioned, the dollar rising is certainly a continued theme that we're seeing. who is going to benefit from that. well, certainly international companies where their currency is devalued. maybe if it happens in the currency war, we're not seeing it, but one of the things we are looking for is to make sure that doesn't happen. as the currency comes down, their goods are more easily to

be bought and u.s. goods not as valuable anymore. it's certainly that battle. david: how do you sort out the currency risk as opposed to the upside to the stocks overseas, do you look around it? >> a couple of things that we do. in our positions, in our portfolios, we're owning european stocks but hedging with the u.s. dollar. we're in japan and hedging with the dollar as well. we have positions against the roe. you can look at some e.t.f. strategies that will short the currency. david: the wisdom tree -- >> the funds and the euros as we have seen during the summer, had the dollar rise and the flattening of the -- we actually had the euro rise a little bit against the dollar in the summertime and that august down turn that we had. now we're seeing the opposite, the dollar is rising, the euro is flowing, so we're seeing some opportunities in the euro

again as a shorting position to take advantage of. we think there is more downward pressure of that euro especially with the rising dollar. david: jeff thank you very much, mike, thank you. still ahead, why a new bush book out today has a lot of people talking, john heilman joins us next. ♪ ♪

todd: welcome back to "bloomberg markets." i'm david gura. let's start with the headlines, we start with josh, the united states can't rule out the possibility of terrorism. the u.s. has not determined what brought down the flight last saturday killing all 224 people onboard. he talked about early warnings for flying in the sinai. >> the f.a.a. notice to airmen that was issued earlier this year, march of 2015, that actually raised the floor on u.s. aircraft that were

operating over the sinai peninsula. officials have been keenly aware of the risk in this part of the world and have been taking steps all along to dress it. david: he wouldn't discuss what has been learned so far. militants have taken responsibility to the crash, but the terror group has not provided any evidence to support that claim. that's a look at our first word news right now. we're going to turn to john heilman, managing editor of bloomberg politics. the big news today, a new book by john meacham about george h.w. bush. there are, shall we say, some strong words about donald rumsfeld and dick chaney from the former president. e: -- john: george herbert walker bush, for people that are critical of the modern day republican party which his son had a lot to do with shaping, it's interesting to hear him

speaking for the first time on the record really about what he thought about some of the choices his son made in terms of chaney and rumsfeld and they're effect on his presidency, all negative. david: what did he have to say about rumsfeld? john: i can't give the quotes off the top of my head. i'm sorry about that go to the tape. david: i'm curious, the role that he has played in this campaign so far, the former president, bush 41. is he actively engaged with it, is he paying attention? john: he is an old, old man, his capacity to be directly involved is not that high. on the other hand, there is a lot of reporting or some good reporting from the "new york times" to the extent he is focused on it, watching the race with great interest. david: the party in general, not just his son's campaign? john: really more his son's campaign as you can imagine. there is a larger overlay which is he can't quite understand why his son isn't getting more traction which leads him to ask more questions, what happens to the party that i was once the

president and leader of and my son was the president and leader of. he is frustrated. he watches fox news every day. he honestly cares a lot about hison and wants him to do well. he is befuddled by this new world in which two people like ben carson and donald trump, you think about who george herbert walker bush is, he is alive-time public servant, he was a spy. he ran the c.i.a. he had been in national politics his whole life before he became president of the united states. he was extraordinarily qualified to be president. the fact that the two republican frontrunners are guys who have never served in public office before, just bends his head to a degree that is almost ready to snap. david: john, thanks very much. ♪ ♪

david: from bloomberg headquarters in new york, this is bloomberg markets. mark crumpton is at our news

desk with the first word news. mark: the european union expects the refugee crisis to get much worse before it gets better. the eu projects 3 million more people will enter before the end of next year. more than 700,000 refugees have sought sanctuary this year. 'sny of them are fleeing syria civil war. u.s. department of homeland security says secret service protection has been approved for donald trump and ben carson. the front runners requested protection last month. j johnson approved the request after consulting with five members of congress as required by law. a new face of donald trump's presidential campaign begins today. he will begin airing radio ads in the three earliest voting states. this marks the first time he has to spend money on ads since launching his white house bid.

the ads cost $300,000. the house is overwhelmingly passing a revised defense policy bill. the measure restricts president obama's efforts to close the military prison at guantanamo bay. yesterday, the white house reiterated the president plus --osition to best presidents president's opposition. the president be totally previous version of the bill. that should be towed a previous vetoed a previous version of the bill. david: oil falling -- natural gas futures surging more than 3% on a smaller than expected storage gain. gold falling for the sixth straight day. investors bet the fed will raise rates sooner rather than later. best isme with more is

that the fed -- joining me with more -- >> it has been interesting when janet yellen came out and used velif hrase possibility." that is according to whether you talk to traders or analysts -- one guy called it a green light to go assuming the job support we get up tomorrow and the one in december look in line with the expectations. david: you mentioned those comments by jimmy fallon. -- janet yellen. 56% chance looking ahead to january.

yesterday, we were sitting at the desk looking at the work function. it has jumped by 10 percentage points. that is what gold has been tracking. we are always talking about inflation or economic issues or global conflict. at this point come the fed fund futures have been describing whether gold will be moving higher or lower. at this point, that's why we are seeing gold -- are the etp's doing the same thing as goal just because of the same reason? one analyst said it is following the gold price. we have a bit more transparency when we're looking at the goldbach etp's than what's going on in the futures market. david: talk about this in the context of metals more broadly. are we seeing similar moves and other metals? >> it's not all the same story but when you are looking at copper and aluminum, yes,

absolutely. with the fed is saying is affecting the strength of the dollar, playing on those metals. whether you are looking at gold or copper, zinc, most of these metals are taking a hit. zinc was moving up a week ago. we have seen it retrenched. david: how about platinum? we'vetinum and palladium been looking at as well because there's a lot of talk -- question as to whether or not they will take a beating because of the fed and the catalytic converters and what's going on with demand their. their --ld demand what's going on with demand there. david: thank you very much. up in the next 20 minutes of bloomberg markets, value shares selling up again.

the lowest level in two years. one of the company's top shareholders questions the ceos and staying power. investors checking into on the way after expedia announced plans to buy the company. disney out with earnings today after the bell. will the company's theme parks keep investors happy?

david: welcome back to bloomberg markets. time for the bloomberg business flash. german prosecutors considering

whether to open a new criminal investigation into volkswagen best the carmaker said it -- in effect 11 million vehicles worldwide. affected 11 million vehicles worldwide. pfizer will allow more patients to receive dozens of medications for free. they are doubling the allowable income level for people to receive financial assistance. a single person could receive some medication for free -- drugmakers face fierce criticism for soaring drug prices. atlanta's mayor says georgia officials are allowing tax breaks to laura ge headquarters -- loure ge's headquarters. political leaders in new york, ohio and texas are trying to woo the company.

you can always get more business news at bloomberg.com. it has been a rough ride for gold with bully and its worst six days drenched -- six they stretch in the year. stretch in the year. julie: a tumble of 6% or so on the changing fed expectations. today, not down that much. it is a matter of the trajectory. etf is one way to track it. it is also down today, suffering that losing streak. a number of prominent hedge fund companies hold this etf. after the battering we have seen in gold prices. holders,s you the top one of the big investors in gold , he still remains one of the

big investors even though he has been pairing his holdings. he decreased his holdings by one million shares. you have some other big companies, well-known hedge funds. there thatent names have taken a beating on gold thus far this year. we've also been watching the miners. many falling along with the gold prices. falling. goldcorp also a company called royal gold based in denver, this company falling 14% today after it reported a quarterly loss. revenue trailed analyst estimates. not surprising given what we've seen happen to gold prices. david: julie hyman at the markets desk. now to the nasdaq were abigail doolittle has the latest on two

big tech movers. abigail: this is one of the big earning stories we've been watching today. plunging fire eye after the company missed revenue and billings forecasts. the company cut its full-year revenue guidance. factors blaming a few come including weakness in europe, shorting of u.s. contracts and a declining deal side. this prompted several street downgrades, taking a toll on its competitors including checkpoint software and cyber ark. company specific issues and product issues. fireeye'se wake of 20% tumble, some of those other shares could still recover. during to the biggest earning story over here, facebook. the social begin giant recorded a stellar third-quarter yesterday after the bell,

topping street estimates and surpassing all key tricks. -- metrics. the company has more than one billion users checking in each day. monthly users up by 14%. in mobileth advertising is being attributed to this strong quarter. the street is liking this performance quite a bit. price targets have been raised by many analysts out there come including gene munster. price target of 155, suggesting facebook could soar higher. david: shares of valeant trying to recover from another massive plunge, dropping below $80 a share that the company faces false.ions they say are

back to talkg is more about this. we have a response from valeant, a letter from the lachman to the ceo. -- bill ackman to the ceo. we share the boards confidence in you and your leadership. what has been happening today? see this stock get batted back-and-forth like a tennis ball. it has been a wild ride today. there was this report out early today, late last night saying bill ackman, the third biggest holder had expressed serious reservations about the leadership of the company, specifically the ceo mike pearson. the stock dropped 20% today, below $80, below $75 at one point. bill ackman and valeant have

come out with these expressions of support. he still does have 21 million shares of the stock. the stoxx lights, the company is -- the stocks slides. hasd: bill ackman saying he -- this company has not invested enough in public relations. there was an amazing piece on the terminal today looking at how much this company has spent on lobbying versus its competitors. drew: it's not like hey, let's cut costs. it has been really fascinating.

there's been $200,000 a year on lobbying, far less than kind of parts. -- their counterparts. the trade group kicked valiant valeant was never a member. when they turn on you, you are left standing alone and if you do not have your own lobbying mechanism in washington , it can be a lonely place to be. there's democrats on capitol hill calling for investigations, threatening subpoenas. the communication strategy, not having the ceo be out there and present the bending the stock -- defending the stock, bill ackman has been highly critical of that and it has hurt the company not to have these things. that has been his issue with it. david: bill ackman front and center, more so than the ceo has been.

who are the other beholders? -- big holders? are they saying anything? >> some folks saying they are getting out of the stock. jenna partners exited. there was speculation in the markets that people were getting up today because of the size of the move. other folks saying this company is being unfairly maligned, criticized by politicians and the press. thehave a battle between big shareholders about what's going on here. some people defending it, some people saying it's not worth it for us to be here anymore. and volatile situation. democrats trying to get ceos to come to the hell to talk about this. they will have hearings. -- to come to the hill to talk about this. are we seeing a real turning

point here? we mentioned how little this company has spent on pr and lobbying. is it too late for them to make this case to change public opinion? >> some of this may be their fault. did they spend enough on lobbying or public relations. they happened to be in the wrong place at the wrong time with a variety of factors they are involved in but not the only players on. you have the drug pricing issue. an industrywide issue they are becoming the centerpiece of attention on. it is a big part of their business model. you have questions about their relationships with their pharmacy. they had to cut ties with it over questions about the pharmacy's practice. pylon -- pile on and pile on. its controlly under

and they could have done a better job of. others are things they had less control of. an unlucky confluence of events for them. david: every fireman in the house with a bucket of water. what is happening with their strategy, their growth strategy? >> these guys have been in many machines. -- m&a machines. take these products other companies have underpriced, white them up, put them into the machine -- by them up, put them into the machine. they've gone after bigger and bigger targets. the use some of their stock. when you have a stock price of $150 and market cap of $80 million, that is heavy currency to come to the table with. this market cap of $80 billion.

when you're stock is only trading seven times earnings and it has lost 70%, that currency has vanished. it is a serious impairment to their m&a model. david: thank you very much. armstrong with bloomberg news. expedia's $4 billion deal to competitor home away. ♪

david: welcome back to bloomberg

markets. expedia says it has agreed to 43 $.9 billiony in cash and stock. $3.9 billion in cash and stock. as much as $40 and it is still up 25% right now. the hope to bolster their position in the marketplace. emily chang spoke to both ceos and she joins me now. these companies have had a partnership for a while now. amalie: they have been partners for a couple of years but are now making it official. we've been seeing a lot of consolidation in this industry. expedia making a lot of buys, they bought orbitz. there was regulatory scrutiny around that deal but they did ultimately push it through and they felt confident they can do the same with this deal.

how much are they doing this to combat the growing threat of airbnb? what i like about the ceo of homeaway, he has never been shy about talking about competition. he does not even mind mentioning their names. it is something they always have to think about. i asked him, how much do they think about airbnb and how much are they doing this to combat the rising power of airbnb? >> the impetus for this deal with expedia is more about us just building a better company in the space we already operate. the vacation rental space is still a space that we are the leader in. you will find far more inventory .or homeaway then airbnb our focus is just doing an even better job in that space. does that create an additional opportunity for us to go into urban markets? we think it does.

expedia has a lot of demand for an and we have a company and operating machine that can bring in individual homeowners. airbnb was not really the main reason why we did this deal. them: this does give additional firepower to take on the competition. i asked about potential partnerships in the future. partnerships with uber. with a partner with a company like airbnb if they don't overlap? he said they would, which i thought was interesting. when we talked about airbnb's valuation, which is north of $20 billion, expedia is buying home $3.9thre billion. these copies have to prove they can make money. -- companies have to prove they

can make money. take a listen to what he had to say about that. >> we don't spend too much time trying to kill brain cells s comparing valuations. there is a small group of investors who get to choose how much they're willing to pay for a company. airbnb is a great company, they have built a terrific brand. the public markets are much more efficient. you have to prove your value every day. valuation -- our valuation will be higher next year than it is not. that is what we control. -- then it is now. he said we are always looking for new opportunities. we can expect to see more deals coming down the pipe.

epicand legal battle in san francisco. voters voted that down by a wide margin, giving airbnb integrate. they are not going anywhere. emily chang, the anger of bloomberg west. tonighto bloomberg west . -- the anchor of bloomberg west. coming up in the next hour, we will continue to count you down to the closing bell on this day before the all-important october job support. -- jobs report. ♪ we live in a pick and choose world.

love or like? naughty or nice? calm or bright? but at bedtime ...why settle for this? enter sleep number. don't miss the semiannual sale going on now! sleepiq technology tells you how you slept and what adjustments you can make. she likes the bed soft. he's more hardcore. so your sleep goes from good to great to wow! gift the best sleep only at a sleep number store. save $500 on the veteran's day special edition mattress with sleepiq technology, plus 36- month special financing. hurry, ends wednesday! know better sleep with sleep number. >> it is 3:00 in new york. welcome to "bloomberg market." ♪

from bloomberg world headquarters, good afternoon, i'm belly -- betty liu. see chapter four is out tomorrow . the countdown begins. disney earnings are coming out after the bell. will the force be with it? stock diving -- stock is diving below $80 a share. we are one hour away from the close of trade. i want to to head to julie who has the latest. : the tight range we have been in. the bouncing around without direction, because people are waiting for the jobs report for more direction.