david: we are live from bloomberg world headquarters in new york covering stories out of san francisco, brazil, washington and milan. pushing -- after a strong raid on consumer spending. presidentazil's taking the stand at her own impeachment trial, issuing a personal appeal to lawmakers, saying her ouster what about to a political death sentence. david: donald trump has been seemingly sending mixed messages on issues like race and immigration. can he win over voters? a look at the latest polls, coming up. the markets close in about two hours. let's look at the major u.s. indexes. the dow jones up and the s&p 500 up equally about .3%.

.5%.out a list of all 10 groups on the s&p, we see up in all three major indexes. abigail doolittle has more from the nasdaq. abigail: we do have quite a rally on her hands with the index trading at session highs. all 10 sessions are higher now as well. this was not true in the morning when health care was dragging. that's helping to explain why the nasdaq is at session highs. this does follow weekly declines on the nasdaq. , ahad a weekly chart here weekly chart of the nasdaq and what happened last week that really stands out, we are looking at a reversal pattern

highlighted by yellow arrows and we have seen it three other times over the last year. into the slide in may and the possibility that this weekly outside campbell mason just the nasdaq could take a bit of a breather. as for what is helping the nasdaq, micron shares are up 2.9% as deutsche bank takes its price target higher, citing the recovery in dram pricing. micron turnaround in a big way, up more than 15%. bloomberg intelligent analysts expect that recovery in pricing to them. upgrade to an output format wells fargo with one analyst

citing the three cash flow growth, saying a significant ramp up on strong subscriber growth and she sees as much as 15% upside potential for the shares of t-mobile. let's check in on the first word news with mark crumpton in our newsroom. mark: donald trump is praising the decision of hillary clinton's top aide to separate from her husband, anthony weiner, and blasting clinton in the process, saying we're could danger.se he offered no evidence that weiner had no access to that material. hillary clinton has the edge over donald trump in michigan and pennsylvania, but they are deadlocked in ohio.

they are tied at 43% in ohio. libertarian party candidate, gary johnson has 10% in ohio. los angeles airport officials say. or to have gunshot that sent panicked travelers leaning came after officers detained a man dressed in black and possibly carrying a sword. the sword was plastic but soon after, hundreds of passengers raced onto the street and tarmac, causing major flight delays. north korea is calling a security council statement condemning its missile launches a hostile act. claim they are a full-fledged military power. they accuse the u.s. of instigating the statement to deter the countries "legitimate right to self-defense."

poweredews 24 hours a by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. david: now to the fallout from the jackson hole monetary conference. u.s., japanrom the and europe are ahead. here cooper was earlier on bloomberg television. the theme at this jackson hole conference is what is left in monetary policy and what do we do going forward? while a lot of central bankers put a great face on this, we are running low. have to lookch elsewhere. the ecb, the boj statement at the conference was if needed, we will do more, but there's a lot more we can do. i think chris has it right. door the economics --

half baked and halfhearted. framework,ing the saying none are under active consideration but they are worthy of further research. he says the jackson hole setting is lovely for this conference. the chair did not want to make any real news and succeeded in doing no harm. questions.e are two the one the markets are focused on in september. she was not going to give us a date that in her own way, saying the case has strengthened and she was clearly on board with the momentum moving that direction. , dudleyt the photo ops

and fisher surrounding yellen, that was well staged. it's a clear statement the leadership is together on this. you heard dudley before the minutes came out. op their of stan fisher looking sharp. jackson hole is a number of things, but the cameras are all arrayed there and this is an opportunity for the fed to make a statement and one of the clearest statement out of the weekend was this one. >> of do you think fiscal actors will be more successful than the monetary policy actors so far? ultimatelyation is controlled by central banks. more intoicy can put growth and certainly the place

where fiscal action is most appropriate is europe. .urope is well below capacity bank is not going to do anything to offset the effects of fiscal policy. the problem is europe is the place where it's probably most difficult to get it. all 1900 members to agree on this is going to be a problem. >> this a sickly means germany needs to do more to get to the heart of it? critical tony is europe. it's obviously the best layer and the country that needs at least at this point in time. it is going to be tough. vonnie: that was peter hooper earlier on bloomberg surveillance. for more perspective, i want to ring in our bloomberg intelligence senior correspondent. said there was

not much news made and janet yellen did not make much of a difference. did make a difference, the two year yield came off and people are looking for a hike now. absolutely, and if you look at the probability of the next rate, that has increased. they are getting were -- getting ready for a rate hike this year. september might be too early. that was a mild characterization , but strong enough to say the case has been strengthened for a rate hike is sheer. the bulk of her speech was on the future, and academic speech in the context of an academic conference.

what did she have to say about the medium and long-term? shet: it was interesting -- avoided any discussion about medium to longer term policy outlook. it's getting challenging for the fed to persuade the market that they are going to deliver multiple rate hikes in 17 and 18. this is probably due to market skepticism, due to lackluster fedomic out put and the succumbing to normal. said she believes the tools are working, the over thehey develop recent crisis is working and says the fed model is working and that is the tools they are going to use in the next crisis. vonnie: it might be six of one and half dozen of the other, are

they skeptical about the economy or the federal reserve's intention? guest: every time they tell us they are going to raise rates, something happens like the brexit or something else. it is coming hard to believe them because they have been telling us one thing and doing something different. david: this jobs report on friday must be hugely important. why would they raise rates ahead of the election? fort: i think the report august will probably be less consequential. we don't think they are going to raise rates in september and they will have three additional reports until the december meeting. they will probably not raise rates in november because of the election. and even if we0 go down a little, it's not going to be that much of an important because we know hiring a strong.

vonnie: our bloomberg intelligence senior u.s. analysts. for more on the central bank policy as well as the fed outlook, miss our interview with federal reserve vice chair stanley fischer tomorrow. tom keene will be interviewing 11:30 londona.m., time. david: the brazilian president saying removing her from office would amount to her death penalty. will that sway any votes customer the latest, in a moment. this is bloomberg. ♪

david: this is bloomberg market. vonnie: to brazil, where the impeachment of the president is entering its final phase. she defended herself in front of

congress for the first time, saying she did not commit any crime she was accused of and she would never give up fighting. rose the most against emerging-market currencies. we are anticipating a full result tomorrow or wednesday, but is voting already underway? what do we know so far? guest: right now, she's answering questions from senators. we have about 50 senators scheduled to ask questions, so this is likely going to take a while and go into the late hours of tonight. we have lawyers from the defense and the accusation will speak and all the senators have 10 minutes to speak. all 81 have 10 minutes to speak and they will all vote, a little

how was in the last impeachment vote. we will see it on an electronic panel and that will likely be late tuesday or early wednesday. david: miles to go before we sleep. she was afforded 40 minutes to speak. ?hat did she talk about i know there was some arguing in the chamber itself. are we seeing something similar today? today was much quieter. there was a round of applause after she was finished. she defended herself am a saying this is not a legitimate reason to impeach her, that this is a coup and they are out to get her for political reasons. but that was pretty much it. it was much quieter than last week with shouting matches and open bickering among lawmakers. vonnie: at a separate location,

the acting president is making comments, saying with the country need is unions. to concerned must he be become not just acting president, but president to move the country forward? guest: this is the key moment. he needs the 54 votes to be named president officially and do the things he has been saying he would do. the newspapers say he's not watching the impeachment sessions, just getting up dates. his allies say he expects around than the 54re needed, but this is a key moment and he must he watching it closely. david: how have the markets price this in? is there any doubt he's going to be impeached -- she is going to be impeached? guest: it is priced in. you look at stock charter currency charts, you can see the rally has been very strong.

we hear from investors that if this does not go through by any chance, it will be very bad for the markets. investors they don't even ask because we are not going to talk about it. i don't want to think about it. david: thank you very much. vonnie: time now for our business flash headlines. boeing is not raising airplane prices for the first time in seven years. this decision comes as the aerospace giant contends with demand fueled by economic uncertainty. boeing boost its prices last year and in 2014. david: an executive pleaded not guilty to rigging foreign wasets -- mark johnson arrested in july stop prosecutors say he and stuart scott, the former head of currency trading in europe manipulated the pound.

that is your business flash update. vonnie: still ahead, to members golf'snext generation of gh world will join us. they joined the pga tour this fall. they are all -- they are also tricksters. stay with us. this is bloomberg. ♪

vonnie: this is bloomberg markets. i'm vonnie quinn. david: now to the world of golf -- you may not know them by name, but they are set to make their debut on the pga tour this fall. they just won a golden ticket into the pga and along the way, they managed to build a brand for themselves and a big twitter following. theme ask you about things.ty of doing both

here you are trying to make a brand for yourself while playing the game and doing it in a way where you have to do a lot of stuff on your own. guest: it started out with the trick shot stuff and that is what gave me the ability to chase my dream of being on the pga tour. i had a brand that was a little different than everybody and it's hard to say whether i would be here or not without the trick shots. vonnie: you and your brother are both golfers and you have a twitter following on which you post trick shots. everyone loves to watch trick shots but i always thought it was your technique. are you not afraid to be practicing shots? guest: i don't really practice that much. i've been blessed with hand eye coordination, so when i see balls come toward me, i knocked them out of the air. most of my attention focus has been on the playing side.

vonnie: you are number six on web.com. top 25 andically the you automatically get a pga tour card. how many events do you need to win early on to feel confident you can see the whole season through? guest: if you win that on the pga tour, you are set. eating a win in the fall -- getting a win in the fall, you have to get the card again and you have some high dishes early on stop that can take almost half a year to a full year to get there, 25 events to get there. to get a win early and do a couple of finishes his huge. all of the trick shots in

the social media rand, how much pauses that give you? you have to do that yourself? guest: it is amazing what they have been able to do and create a business. it's a great brand and it is fun not a wholethere's lot going on on my social media. vonnie: you won't mind me telling people you made $280,000 and one $450,000. it costs a lot to go to these events. you have to hire your own caddies. guest: george caddied at the first half of the year and that was able to cut costs a little bit, but caddies, travel expenses, hotels, it's not cheap . you cannot do it under $75,000. vonnie: how difficult is it to get sponsorships?

guest: it is tough. golf is a good spot with a lot of young talent, and hopefully it's on the up and up moving forward. david: what changes measurably ? what will change about your life on a day-to-day basis? laying for a million dollars every week and sin of $100,000, so that obviously brings a lot more. this is what we want to do for our whole life, it's our dream to play on the pga tour. i certain playing golf when i was 12, so that 10 years. vonnie: what do you need now to make it to the next level? but to top 25 rookies, make it to the top flight and be on the leaderboard, is it

psychological? mostly, it comes down to if you chip and putt good, it's hard to lose your card. it's going to come down for the short game. guest: just playing good golf. a lot of us are good enough to be top 35, but if you play good off, you can compete at any level. us doing our best will give us a chance. we will be following your progress on the tour and i hope you make it to the final event. inc. you. david: oil is on a wild ride. the commodities close is coming up just after this.

david: from bloomberg world header -- world headquarters in your, i'm david gura. vonnie: i'm vonnie quinn. let check the headlines at the

bloomberg first word news with mark come to an our newsroom. mark: italy will investigate whether fraud had anything to do with the number of people killed in last week's earthquake. 292 people died. authorities want to know if contractors broke holding codes, making it more likely buildings would collapse. the government wants to make sure organized crime does not get involved in the rebuilding effort. brazil's suspended president has made an emotional appeal to keep her job. she urged senators to vote against her impeachment, which she says is tantamount to a death penalty. death.e, i came close to once when four days my was tortured, suffering aggression that made me doubt humanity and life itself. and when a serious and painful illness almost made my existence shorter. today, i'm afraid for the death of democracy. mark: you are looking at a live

shot right now from apollo, the president still pleading her case before senators. a ruling could come as early as tomorrow. she is accused of authorizing government spending without congressional approval, a charge she denies. itsunited states will meet goal of admitting 10,000 syrian refugees one month ahead of schedule. susan rice says refugee number 10,000 arrives this afternoon. the obama administration had expected to reach the goal by the end of september. a tropical depression that form the florida eight has moved into the southeastern gulf of mexico. the national hurricane center says it could soon become a tropical storm. another depression that form west of bermuda is moving toward the coast of north carolina and become a tropical storm overnight and is expected to bring rain to the eastern part of the state.

global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. i mark crumpton. this is bloomberg. vonnie: commodity markets are closing in new york. -- theook at futures federal bank will raise rates as soon as next month. al dropped, settling at $46.95 a barrel. for more on what is weighing on oil, let's go to our energy analyst in princeton. how much has this move correlated with the dollar? you do have some process that coordination happening with the dollar higher and oil weaker up you have the dollar bouncing off a nice technical bottom but you have news as far as iran to

regain market share and members of the act like the uae looking to increase production by 500,000 barrels a day. i think you have a combination of factors weighing on things today. david: we have a great resource to see what opec is up to and what news is coming out of that cartel. saudi arabia counting for most of the production. things settling down there a little bit. let me ask you about the prospects for this informal meeting on the schedule in algiers. what is the likelihood of that happening in having been through this several times, what's the likelihood we will have something come out of it? low andhe likelihood is the market is moving toward that end of the spectrum. you have saudi arabia, iraq, iran, everyone vying for market share, looking to increase out

put. everyone believes they are going to come to an agreement reason output. closer toh iran is their target, the rhetoric so far has been nothing but increasing out put. vonnie: what the consensus around where the fair price of oil should we in the next six months? the energy agency has and is looking for a balance point. looking for a balance shift in the fourth quarter, others thing it could push into the second half 2017. think the supply side is still headed up word with u.s. production softening and opec continuing to ramp up.

, colombia, venezuela, those are the wildcard, drying from a non-opec aspect. david: i'm curious the degree to which market participants see, what a rate increase would mean for them after jackson hole. guest: you did have the implied probability of a hike jumping and as we mentioned earlier on, that cross asset relationship has weighed on the crew a little bit there. you could see more pressure on crude. whether that filters through versus the cross asset currency factor. david: great to talk to you. vonnie: coming up in the next 20

minutes of bloomberg markets, the 2016 campaign rolls on. clinton making an appeal to republicans, saying donald trump far from the mainstream. eight most consumers of their phones and computers every few years. nasa is using decades-old technology. the time is now 2:36 in new york city. the dow jones is up, the s&p 500 up .6%. this is bloomberg. ♪

vonnie: this is bloomberg markets. i'm vonnie quinn. david: i'm david gura. time for the bloomberg is this flash, look the biggest is the stories in the news right now. fightaign to flight -- to researchting developing a strategy to use the technology. the block chain is more than just initial services. --nie: fiat chrysler with the ceo speaking in rome, following reports [indiscernible] >> we have a very good relationship with samsung as a supplier and strategic partner. opportunity has

been look that by a variety of other people. we have more interest in just selling rally. it has strategic value for us. whatever thats company would like to do, nothing will happen overnight. david: square is unveiling new services that would give customers access to larger businesses that handle more transactions. jack dorsey is trying to convince customers that square can grow in an increasingly crowded industry. that is your business flash of eight. -- that is your business flash. guest: you are so excited about politics that you want to forget all about business. david: can i dispatch with you? john heilemann, host of "with all due respect."

donald trump eating cheeseburgers and prepping for debate that are a month away. i assume hillary clinton is doing the same thing. what are these two candidates doing? john: they are getting ready in very different styles. hillary clinton has a huge advantage over trump in this respect. there's no preparation for these debates like having done them before and debates that are multicandidate debates are really different from one-on-one candidate debate. in the many debates she did with barack obama and bernie sanders, she has done this a lot on national television. inveterate an repairer -- prepare. she's studying really hard and figuring out that they are going to do this at the clinton campaign and prepare within an inch of their life.

a much more freewheeling style. people like kellyanne conway, people who are informal advisers, just thinking out through what them of the topics might be. they are preparing in ways that are symptomatic. vonnie: does gary johnson get into the debates? john: as of this moment, it does not appear so. the commission on presidential debates has not been specific about what the cut out date -- the cutoff date is going to be. they have not said yet what the methodology they are going to use is or what the cutoff date is going to be. but gary johnson is still in single-digit and almost every poll. he would have to move up quickly and what his campaign has not in doing his what i would be doing, which is spending all my times

on -- spending all my time on as many platforms as possible. it only way he can get over that 15% threshold. david: donald trump tweeting there's going to be a big speech on wednesday. they're looking for a bigger venue. he's facing a lot of questions about his immigration plan. i'm sure sheriff joe will make an appearance. what can we expect? john: i don't know. i don't say that because i have not been following this closely for as of now, it is totally unclear what donald trump's immigration policy is. he has visited so may times that he has not only got around 360 degrees but he has dug himself into a hole like a corkscrew into the dirt. we know he wants to build a wall . we had he wants to enforce immigration law, but beyond

that, we don't know if he's going to have a deportation for circuit people out of the country. the actual substance of his policy and where he stands coming -- where he stands, he's hardening in some way than softening in other ways -- this would be a great reveal if he does a speech and gets specific. vonnie: another great reveal comes next weekend. african-american audience. how will he be received? john: that remains to be seen. you will be speaking before a group and appearing on a media platform predominately to conservative african-americans. there's a case that there are some african-americans that support donald trump, but this did try toen he exploit on twitter in a fairly cynical way dwyane wade's cousin, there's a big story that tells deeply into accusations

about housing discrimination. participated in that decree, but you cannot criticize him for doing what people suggested he should do if he is serious about reaching out to african americans. he should go to african american audiences and speak to them. we have to commend him for taking that step. vonnie: and i want to inform viewers that a new poll has clinton leading donald trump. respect" "with all due tonight was speaking with trump's campaign manager, kellyanne conway. doolittle to abigail live at the nasdaq with the latest movers. abigail: we have the nasdaq off its highs of let's get right to it. symantec shares trading higher

and a bullish mention over the weekend. a potential upside of 25% on the combination of the recent acquisition and an advanced system to attack cyber threats. they traded a big discount to their peers and a 19% discount on a forward trading basis, suggesting they may have some room to run. the stock had one of the worst days in many years, trading nicely higher, saying the selloff and the week this around the epipen, that pricing outrage is mylan's problem. to buy the says stock on weakness. a bit of a volatile day, open higher and was lower, higher again as the company plans to

produce a generic at the 10 to quell the price hike outrage. billionaire investor carl icahn has upped the stakes in herbalife by 2.3 million shares. in 2017, they are expected to grow revenues by 19% and expected to turn profitable with $1.75 in earnings. david: still ahead, nasa's using technology so old you wouldn't want it in your cell phone. we will explain why. .his is bloomberg ♪

vonnie: this is bloomberg markets. david: space is not the final frontier for nasa technology. the international space station is using computer chips that are

over 30 years old. why is the future of spaceflight being powered by processor you would not even wanting your cell phone? i talked to the reporter who wrote the story for bloomberg businessweek. guest: anyone who watches or evenprograms science, there's something incredible going on here that nasa has invested massive resources, but in reality, not so much. the laptop is three much running what is going on up there. nothing guest: less than a pentium iii 86. not even. the pentium was much more terrifyingly fast. why is nasa still using technology that is decades-old? the heart of the

question we addressed in the story. anyone who has a new consumer device, whether a lot top or smartphone ones the absolute leading-edge, the best performance they can get and will not tolerate a delay. nasa has a completely different set of priorities. is a terrifying environment beingsuniverse for human , everything we send out there has got to be rock solid. that procurement cycle, the attitude toward buying is completely different. the rating is built around david: safety and nothing can go wrong. david:safety and reliability, the roughness of the universe on the space station in space shuttles and all that equipment. what are the challenges nasa faces putting computing power into space? guest: the primary one is radiation. it basically create small

nuclear reactions in the cell of your skin. but for semi conductors, it is even worse. changing very small voltages to zeros, overes and time, even all amounts of radiation breaks down the materials and gives them their ability to count and makes them useless. read the story in the latest edition of the magazine on newsstands and online now and hear from the reporters on this week's most talked about stories every saturday and sunday on bloomberg television. has been set -- apple has announced it will hold its annual product launch on wednesday, september 7 and is expected to showcase the company's latest devices.

for more, we are joined by emily chang. what are we expecting apple to unveil next week? apple -- emily: we are expecting them to unveil the iphone seven. you see a series of lights in the shape of an apple logo. maybe a not too forthcoming camera technology. we are expecting dual camera processing, to camera taking two images and merging them together to create a sharper, more colorful image. our reporter has in reporting a lot of new features we are expecting. another that there will not be a headphone jack. you have to use wireless headphones or plug-in to a charging part of the phone. some people are not to happy with this. others say apple is moving us toward the future.

got over it. we are expecting potential changes coming to the home button as well as new apple watches. not a big design change coming with these products but the watchmen have faster internal controls and gps, but the big thing to know is you have to tether it to your iphone which is something they were trying to change. greatroving to be such a technical challenge that they have not been able to separate the two yet. david: it's other september event and we have seen them year after year. the focus seems to be on hardware while apple is pushing toward services. reporting last week apple is moving toward a new video editing program for the phone. emily: we know the smart phone market is saturated and apple is feeling that just like everyone else. there's not going to be a big

design change with either the iphone or the watch. a couple of years ago, we get the bigger iphones and it gave the company a big sales and here we are going on the third-year, so there's a question of whether these upgrades would be interesting and compelling enough for consumers to take advantage of. will they see that same big bump that for the holidays? will it the compelling enough to buy? that is why apple is not only availing new hardware but focusing on software and services, revamping apple music. they want services to contribute and increasing portion to their revenue. they are going to have to come up with cash awfully soon. we may learn tomorrow the closing in and

what it may oh in arrears? emily: the commission has been investigating an arrangement apple had with the government, or limiter findings showing maybe apple got a sweetheart deal. one analyst said apple could oh as much as $19 billion. those waiting for findings as early as the next for hours. david: thank you very much. coming up, herbalife has been pushed and pulled in different reactions for the past two sessions. this as carl icahn and bill ackman continue to square off over the company. this is bloomberg. ♪

>> welcome to bloomberg markets.

we are live from bloomberg headquarters. in the next hour, covering stories out of silicon valley. thanks for watching. investors are pushing thoughts of a rate hike out of their minds, at least for now. tanks to a strong reading on consumer spending. we will hear from an investor with $3 billion assets under management. david: plans for a generic version of the epipen. we will discuss the impact on mylan's profits. herbalife stock has pushed lower the past few sessions as carl icahn squares off. the close of trading and were looking at markets in the green. david: