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tv   Whatd You Miss  Bloomberg  September 19, 2018 4:00pm-5:00pm EDT

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tech as well. the nasdaq is little changed on the day and the dow is at its highest level since january 29. that is a seven-month high. usoline: the s&p 500 reminds that they were five points away from a record high. joe: is anyone talking about pretension today? scarlet: there are a lot of warnings coming out. you highlighted 2020 being a turning point. to say thet thing is downturn is coming in 2020 because the tax cuts will roll off -- i'm sorry, the effect of the tax cuts. enough toyears out in sound specific. it is the perfect call to make. caroline: i want to get back to bob, what do you think about the
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fact that we are so close to record highs yet we are besieged by nafta not being signed and china implications. bob: the other concern list is long but the driving force has been these phenomenal corporate earnings. up 25% in the first half of year , called its 20% in the second half. strong for an economy as big as the u.s.. joe: when we talk about why haven't the trade tensions at you say itis because is the earnings. if the earnings are strong and growing and everyone is projecting good earnings, there is no reason to turn negative on stocks. at some point, if these tariffs go into place and they get ratcheted up like the president says they might, would you start to expect deterioration in earnings? think trade issues have
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already held the market back. earnings are up 25% but the stock market is only up 20%. something has brought the p/e ratio down. high on the list is the trade concerns. without these earnings, trade would have brought the market down. of the amount of tariffs put into place and rumored as a portion of the u.s., china, global economy, it is small. we can't get much more than a one half 1% to the economy. scarlet: bob, as we look ahead to the companies reporting earnings, jpmorgan will get us started on october 12. which part of the market or which sector and kind of companies would you be looking for to give any indication that the terrorists or trade tensions are starting to take their toll? the a lot of
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multinationals. what happens with the industrials and tech names exposed there. as you know, corporations have even in talk about, their second-quarter earnings reports. we will be watching that's carefully. is a disappointing earnings number going to be blamed on the tariffs? we will watch that space carefully. industrials and tech in particular. caroline: give us your take away of the geopolitical risks in whether they have or have not hit the market, luke. the nail on the head. if you said we would probably get a trillion buyback authorizations this year, earnings would be up north of 20%. i think people would say there is probably still more upside to a large extent. are affectingions us.
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i also think there is probably no better time to be connecting --iffs and not have it go up inacting tariffs and not have it go up. no one is noticing it as a big delta because the bigger one is the tax cuts. scarlet: and if you want to get a lift, you can say something about cannabis, joe. joe: that is the key thing. bob, internationally, everyone is wondering about divergence. get value from europe, asia, or emerging markets? what do you think about the global market? bob: i think there is a trait happening already marked by the fact that the dollar has begun to retreat some. you have non-us markets beginning to do a little better. i think there is more of that and will take the edge off the u.s. leadership a it. the question beyond the inversion is, where is relative
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earnings growth. my view, that is still the united states. we have the good economy, the jews from the tax cuts, juice from less regulation -- the juice from the tax cuts, juice from less regulation, so i do not give up on the u.s. doing well. tell me we have a deal in europe, it should be a nice rally. you mentioned the banks and european banks could have a lift during that timeframe as well. bob dole, thank you -- doll, thank you. and luke. were erodedckpiles down to a three-year low. crew declined by 2 million barrels.
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here to explain higher oil prices is david. here?s the push and pull >> venezuela as well. you are seeing today is fundamentally based on the u.s. stockpile numbers. we saw opec watching the cushing number with attentiveness before they made their decision to act and curb production outlook. what you're seeing is refiners stepping in and chasing the margins while you have them. it's hard to think of the u.s. as a major oil exporter but you are seeing that in numbers. joe: how much are the bottlenecks we are constantly about how it is not just pipelines but the road targeting clogs, affecting our inability to build up higher stocks. tina: it is infrastructure.
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chokeas always been the point. it is a lagging investment behind the production of drilling going on. you see a slowdown in the growth and you see the number of rigs going and start to plateau and moved to other places where they feel they can chase a higher number. west texas hasin been below the u.s. benchmark so there is not a huge incentive for more production there yet. we probably will not see a change in the bottlenecks until early 2020. scarlet: and there is iran as well. how much is that impacting the price? is there any research on if we can quantify to? aboutwe had a piece out the success of trump's plan on the sanctions. your party seen the oil industry dropped by almost one million barrels a day in exports. that is a sizable amount of production to disappear. you have seen oil prices respond in time. attalked about brent being
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close to $80 a barrel and the saudi like it, or some sources tell us they are liking it. scarlet: not objecting to it. tina: so you see that reflecting in the market. that's will increase as we get to the november 4 deadline. caroline: as we see oil go who really wins? have seen a lot of pipeline companies going in. we had the great story about trucking companies benefiting by the product that needs to move by truck because there is not enough pipeline. you have 18-year-old kids making six figures out of high school because they are able to get a truckers license. not only the oil but the sand and water to produce it. there is a lot of benefits. you see a boom right there. scarlet: walk us ahead to what we can expect from opec.
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how do they tie this all in together? tina: if this is a meeting of the joint ministerial monitoring committee,- monetary these are fairly sleepy affairs. they are meant to be a monitoring committee and whether we are keeping our numbers on production quotas. you will see more interest because the deal currently in is coming up at the end of this year. bere is consensus it will extended, but we will wait to see the posturing from the ministers. joe: do people believe this will last for a while? we have seen a rise in oil price. does it feel different this time that all the things you talk about whether it be outages, bottlenecks, and demand pickup in global demand or sustain this price for a while? tina: you have seen this price have legs. before you had false recoveries.
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wti wastart of the year a little over $50 a barrel. that has been trading in the $60 to $70 range. that is an indication it has little sticking power. what you have seen with what the u.s. has done in terms of sanctions and venezuela production collapsing is to outliers that the market was not pricing in at the start of the year and it is reacting now. scarlet: tina davis, thank you much. brent is just below $80 a barrel at 79, 23 -- 79.23. that is it for me and romaine bostick will be stepping into talk about tilray. this is bloomberg. ♪
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caroline: live from bloomberg world headquarters in new york. let's check in on how the u.s. stocks closed. of the day on 6/10 of a percent on the dow jones and the s&p 500 held higher. joe: the question is "what'd you miss?" caroline: tilray's wild session. 94% of the stock gain is gone in minutes. despite selloff in treasuries, the 10 year yield is about 3%, but it is -- but is it being met with a shrug? republican senators reject call for an investigation into brett
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kavanaugh. we speak to jump jones -- doug jones ahead. shares continuing to drop after hours trading. check out how much we are performing. it is a company we need to be showing. down nine percentage points as we see it. what a move. it is up 1000%. joe: red arrows on tilray. the fed can't hike now. [laughter] romaine: it's a lagging indicator. 23% this morning it was up and next time i look at it, it was up 40% and 50% and then 90%. it was unbelievable. caroline: the new age beverages is a sector being overblown. romaine: i don't know about overblown but the height is amazing. these are up to 10 times trading
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what they are normally traded at. joe: tilray had more dollar trading volumes than amazon. caroline: then you go to the holders of tilray who owns most of it. i amhere's something watching that has nothing to do with cannabis stocks. japan's topic index is on a four-day win streak. four days in a row where they dutch -- the stock market is up. that interests me because of light we have seen investors going all in on the global divergence trade. a late that's the latest survey shows they are leaning into this trade. for more on this question, we are joined a jerod, an investment strategist at bank of america of merrill lynch.
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u.s. is up and everywhere else is down. investors are really into that according to your survey. >> they love the u.s. and tech. they love cash and heat that hates everything else. we have been in a bearish posture. .e like quality assets we are shunning some of the high-yield and tech stocks. liquidity you've seen it ending this year which means the end of access returns as well. that is why you see divergence on corporate bonds performing -- outperforming. joe: when i look your survey and investors are chasing it and i see japan up nicely four days in a row, i have to wonder if it has gotten to extreme. jared: we don't think the divergence between the u.s. and the rest of the world can continue. there are two scenarios
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plausible for re-coupling. the bullish one is that emerging-market fx weakness and in the pipeline for china gives a rally. the bearish scenario is maybe a little more plausible is that wage inflation keeps the fed hawkish. tighter credit conditions squeeze and we will see an extremely overleveraged corporate sector. romaine: do you have to be concerned the re-coupling will come at the expense of u.s. stocks or will this re-couple in some sort of -- >> our most probable scenario is the u.s. slows down rather than continuing forever. straight month in our survey, investors said tech was the most crowded part of the market. we have been short in tech this year. think about it this way, if you and the faang stocks
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alibaba, tencent, baidu, half have seen their markets. global equities, excluding u.s. tech, is down seven or 8%. romaine: i will break in here as we get redhead earnings. -- red hat earnings. they're coming in at $.85 per share and the estimate was $.82 per share. revenue is slightly below estimates at 823 million. they are also giving a forecast that appears to be slightly below the analyst estimate for 862 million four third-quarter revenue. you see the shares going lower at 5%. theyine: we talk tech and are a software company feeling the pain. where else are we feeling the pain? emerging markets. i want to get your take on the slight calm and whether or not we will see money. does money go back into emerging markets when the dollar goes up? jared: if it is a weak dollar.
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if it is a benefit to exports we get or a stimulus already in the pipeline for china, our china economist's no pressure gives you much more -- much bigger physical stimulus -- fiscal stimulus. done on the things fiscal side that u.s. has struggled to do. think there is a great risk will in chinese equities. investors had underweight in emerging markets on our survey. it is getting pretty attractive. joe: you mentioned wage inflation as a potential factor of why the fed might be hawkish -- more hawkish than expected. what about inflation over all? at the beginning of the year, it was the biggest debate and faded. could we see brought inflation pressure? jared: if you saw the latest , andse of quit rate
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thinking more long-term, one of the big things we have for the 20 20's is the rise of inflation to address inequality. that has been the most important political story of the last couple of years. joe: so inflation will be used as a tool or will be allowed to run hot as a way to ameliorate equality -- inequality? jared: that's right. you have to own value stocks overgrowth and markets outside of the u.s. as policymakers respond. caroline: it has been great having you. let's get breaking news now because the u.s. is said to drop the buy american demands from nafta. we are looking at what has been happening with this failure to get any sort of deal between canada and america thus far on nafta. we have breaking news saying american by to drop
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demand from nafta. will we see a deal? the dollar is trading lower against the canadian dollar. the loonie likes this headline. we have an update on wells fargo. the chair of the bank says support for the ceo has never wavered. the chair denied reports of talks with other ceo candidates. plenty of news on bank ceos today. this is bloomberg. ♪
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caroline: time for smart charts with abigail doolittle. we dig into the timely topics with the top technicians. abigail: joining me today is frank capillary of instant achieve markets -- infinite
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achieve markets. we are seeing divergence and the firstdown for time since march but the s&p 500 is higher on the month. are we headed toward risk on or risk off with this divergence? >> we are still bullish with the s&p 500. one of the reasons why is because it continues to resemble what happened in 2011. that was a bulk. period that saw a bombing process in the breakout was a move up to 1420. to months ago, we had a measure move. we are about halfway there. new all-time highs ahead for the s&p 500. i love this chart of the 10 year yield. this can support your risk on theme. we have a 3.9% target in that
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and that is a measuring move. this is a three-year bottom process that took place. at the beginning of the year, we saw 2.6% level. an interesting thing about that is that it lines up with resistance from 2008, 2009, and 2010. as long as it hold a 2.6%, we are going to 2.9. abigail: next week, the fed is expected to raise rates and everyone will be watching for language to see if there will be any change to the tightening path, and you see the area of congestion moving up quickly? frank: it has been there six months already. is a 3% but ield think it is a high-level consolidation. finally, since you have this risk on the view, let's take a look at your high momentum growth rate here.
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this is one of the most persistent uptrends we see going back to the beginning of 2016 rally. it is 100%, that is a lot. in -- 27%.20% this, ande is part of because of it, health care has been one of the best-performing sectors. you have a better risk reward in i hi. abigail: tilray is up 94% 30%.hing up one question, there is an inner level of resistance, could that stop the medical device investors? frank: buying breakouts may or may not work. frank, love it. thank you so much for joining us. great charts, abigail.
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a quick check of the latest business flash headlines. amazon.com runs the risk of following google when it comes to the european union. chief says regulators are asking how the online retailer is treating smaller rivals. the eu find google billions of euros in a similar case. amazon is not commenting. chairman of a danish bank says the large portion of the $234 billion going through its units should be treated as suspicious. the banks ceo is stepping down in the aftermath of one of europe's biggest money laundering schedules. amazon hence he may leave as well. that is your business flash update. why liftoff may finally arrive for yields, next. this is bloomberg. ♪
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150 dollars off and free shipping too. sale prices are available right now. go to buyleesa.com today. you need mark: i am mark crumpton with first word news. trump visited north carolina which was hammered by hurricane florence. as he met with the governor and other state officials, and handed out food and spoke to residents, the president said he would be 100% with the victims and their families as they recover from what has been described as an epic storm that left at least 37 dead in north carolina, south carolina, and virginia. >> to the families who have lost loved ones, america grieves with you and our hearts break for you. god bless you. we will never forget your loss and never leave your side. we are with you all of the way.
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to all of those impacted by this terrible storm, our entire american family is with you and ready to help. you will recover. mark: governor cooper asked the president for help cutting red tape to get his state of federal assistance and lead to recovery. the associated press reports a person speaking anonymously says --hairman made the offer our focus right now is doing everything that we can to make dr. ford comfortable with coming before a committee either in an open session or closed session,
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or a public type of interview. to thend in a letter judiciary committee, her lawyer maintains it she is prepared to couple operate but then fbi -- cooperate, but lanes and fbi investigation should be the first step. dallas mavericks owner has milliono contribute $10 to women's causes and domestic violence awareness as part of the nba's investigation into workplace conditions with his franchise. the league announced it would require staffing and policy changes for the mavericks seven months after a sports illustrative report detailed years of -- workplace for women on the business side of the organization. global news, 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am mark crumpton.
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joe: a weeks long selloff in government bonds intensifies but is it justified? for more insight on the selloff in treasuries is david shaw, the chief investment officer at the family management corporation. we are going up in yields. what do you think is behind it? david: this is fun. joe: i agree. david: typically in the media, it is a big to do when interest rates go above round numbers and they don't mean anything, but it is interesting this time around that there is not a whole lot of chatter about rates. joe: that is interesting. i noticed yesterday we hit a pretty big selloff yesterday and there was not much talk and i'm embarrassed to say there wasn't -- it wasn't until i got on set that i realized how significant the move was. you have a theory on why there
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is not much focus yeah go -- focus? around, it this time is happening at the same time as some developed nations sovereign bond yields are going up. statese and united yields are going up. warrants a closer look. this also takes pressure off of the fed. there is a lot of question about the yield curve flattening. at two basisned points on august 24 or 25th and we are up 10 basis points from that on both the two-year aunt tenure -- two-year and the 10 year. reversal ofen a value stocks, tech stocks, and now interest rates. there might be more room to run and this kind of gives the fed cover as they have been adamant they will slowly increase rates overtime. romaine: do you think investors
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got to complacent with regards to what their expectations for what the fed was going to do and that is why we saw this pause in the rise of rates in what we had in spring -- from what we had in spring. david: very plausible. up to a week ago there was talk about based on how flat the curve was the fed would cut interest rates in 2020. there was a lot of talk about recession around 2020. there is mixed data, but overall, data is strong. capex is strong and there are reasons to warrant a bearish steepening. caroline: do we look at inflation as well? the 10 year is up for basis points but we are worried about inflation in the. that was much higher than expected. david: real yields on the 10 were closing and close to yearly highs. the 10 year real yield, for a
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lot of investors, gets interesting. as far as when do investors rotate from stocks to bonds, i think we are a ways away. there will be rotation in bonds at 32510 year but they could happen over time. joe: even with modest steepening, you are not seeing a lot going way out on the curve and the two-year yield is at the highest level in about a decade. how do you think about the ration risk? pick up a few to extra basis points when you are getting paid healthy amounts at the short end? ford: one of the sources fixed income investors is the role down of the curve. if the longer-term rates are steeper than the short-term, you will get a roll yield for each yield -- year the bond gets shorter. the curve is flat with this modest evening and i think investors are looking at the short end of because of and are at 225. pile in at 2%
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they are happy to burnett type of yield right now. romaine: is the market weighted more toward the short-term side? big trade over the summer was that everyone was so piled in two short duration that it almost blew up any possibility of what we could see on the long end. david: that is a valid point. there is not a ton of compelling reasons to go out. one compelling reason is that if you believe the fed is close to done, that we will see recession in 2020, which i do not think so, you might want to lock in term duration and short-term rates are going to fall. you would be better served buying long-term bonds. i think that would be the incentive for buying those type of bonds. caroline: [indiscernible] david, thank you very much indeed.
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we're talking all things rates. coming up, highs and lows. tilray, the wild trading day ahead. this is bloomberg. ♪ ♪
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romaine: wild highs and lows from marijuana stocks. it has probably been the most attention grabbing trade in the last few weeks. tilray is grabbing the most intention -- attention. some of the other pot stocks are getting in on action today. analyst herew, an who has been covering the industry. movethe make of today's and the moves we have seen over the past few weeks with regards to not just tilray but other
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competitors? august, sincemid we had consolation come in and make the major investment to canopy growth, these stocks have come up tremendously. in many cases, over 100%. tilray is the exception. they have been the exception to extreme growth. they have a mega return. say we saw them go up 100%, it has been a parabolic pattern for tilray. that is a function of only 10% of their shares trading in the public float. romaine: what is the payoff. ? what are people betting on because it is not just what is currently existing with regards to revenue. until now, you have only had medical sales in canada which have been small. stock prices are not reflecting the opportunity in canada, they really reflect the global opportunity.
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five years ago, you only had two countries that had medical marijuana legalized, now there is 27. it is moving rapidly and the stock prices reflect that. putting do you go about of semblance of a fair value on of semblance of a fair value on companies for whom the total potential market is just a total unknown? also, we really do not know their competitive position in the markets. even if the u.s. were to legalize recreational marijuana in the next five years, we do not know the players having a foothold in the market. andrew: in canada, we have a sense of who the key players will be from past medical market sales and really the size of the company's with the supply agreements. looking at the global opportunity, you are right, it is unknown how large the market will be. it is clear this is a major,
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secular bull case. , weus to guide our stock are looking at strategic positioning, work and branding, and our company uses a combination of fundamental and technical analysis to guide stocks. -- to guide the stocks we buy. romaine: when you mention the secular bull market, there is a broader industry trend. when you pick individual companies, can't some of these just become another commodity producer? is there real differentiation going on? andrew: if you speak with the management teams of these companies, five years down the road, they do not want to be in the business of growing cannabis or where they make most of their money. it is about the branding and producing the value in profits. concentrates, edibles, higher product margins from cannabis flower. caroline: zhou put out a great
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tweet reminding everyone how much -- how small the current market is right now. onrew, do you have a view how big this market can become now? andrew: we think the canadian market will be anywhere from five to 7 billion five years down the road. caroline: at the moment, tilray is worth 20 billion -- 20 million. andrew: they are based on a global opportunity. caroline: others are doing well at as well. andrew: certainly, and we have not recommended tilray. caroline: what do you recommend? andrew: we like canopy growth. they have great brands and great management. joe: are we going to see secondary soon? have been pushing secondary offering -- pushing
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tilray to make secondary offerings. they need more money and the question is when and to will pay the current stock price for a second offering. caroline: canopy growth is worth $14 billion. thank you, andrew. shinzo abe fought through all of the resign requests. how the japanese minister crawl back from the brink. that is next. this is bloomberg. ♪ g. ♪
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caroline: heading to washington where confirmation of brett kavanaugh hangs in the balance. steppedafter a woman forward with accusations of sexual assault. the chief white house correspondent is in washington. >> we are here with one senator, a democrat. what do you make up the latest with regards to the hearing on monday? should the hearing proceed? , let'sve said all along
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just do a reset. this is getting out of hand politically. more respect for dr. ford and the process she is going through. all of the threats she is going need to posit. let the fbi do the investigation. the fact that we are hearing the fbi does not do that, that is not the case. >> republicans i talked to say this is the department of justice domain. what is your take? >> the fbi does background checks every day for judges, u.s. attorneys, and i have had theagents briefed me on before. other president has to do is ask. this nominee needs to have a full and fair hearing. dr. ford needs a full and fair hearing. to do that, we need to get as many facts as she can to get everyone the opportunity for the right questions. saying wait until
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the conclusion of an fbi investigation? >> i have said that all along. we have lost four or five days that could have been gained. we have this artificial clock set by the republicans. there is nothing magic about getting this nomination rushed to judgment the way it has been done. with regards to how democrats on the committee have handled are you satisfied with how dianne feinstein handled it? >> does not matter if i am satisfied or not, the point is this process has been a failed process from the beginning. one senator asked for documents in july that he says were important for the committee's consideration. those documents have not been produced and cannot be produced until october it we insist on
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having a hearing right after labor day. this is an artificial clock set by the judiciary committee. we are in a position where we are. it does not matter what has happened. we have to deal with what is in front of us. to do that, we need to pick a pause button and let the investigation play out. let the fbi come in, do what they can to see if they can get any cooperation on this. >> one more follow-up on this point. republicans are saying she got this allegation. >> it is a red herring. >> she got this allegation in the summer and met privately with judge kavanaugh. haveestion is, there could been more time but my question is, what is your reaction to how she handled it? >> it does not matter what my reaction is. we are in a moment now and that is the only thing important.
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you have to remember, dr. ford did not want her name public identified -- publicly identified. it had to be sunday so we have to deal with the hand we are dealt. it is complete disrespect for her to blame this on a democratic senator. >> there is another massive story in washington which is trade. the president announcing $200 billion worth of tariffs on china and china responds. i know you have concerns with reaction in the soybeans sector. >> absolutely. there seems to be no real strategy. we are going about this in a game of chicken. there does not seem to be an endgame. we hear there are talks but the talks are not going anywhere. there are no schedules about this. i'm concerned farmers will be losing markets the longer the
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strike on. china has a strong economy that can withstand this and they are. we need to have a better strategy. --na has been a rotation rogue nation. need to have our allies coordinate a strategy so we can do this in a month other go away. this will hurt car manufacturers in my state and other states. >> some say the u.s. has the upper hand, what say you? >> i do not see it. if we have the upper hand we need to get results immediately. hand, we the upper will lose it rapidly because china is putting money all over the world. >> senator, we appreciate the time on these very important topics. back to you in new york. caroline: kevin, thank you. sticking with the asia team, rising from the ashes. shinzo abe faced a scandal and
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calls to resign. he is now set to run another three terms as prime minister. shery ahn, what does this mean for economic stability or growth from japan? shery: what a political survivor. coming back and now he could potentially be the longest serving prime minister of japan after a revolving door of prime ministers in the past. what this means for japan is more economic strength. his threeng to pursue arrows put forth when he first took over in 2012. monetary easing, physical stimulus, but structural reform is missing. now he is trying to conjure -- carry out more controversial measures and once people to retire later. from 65 to 70 years old. he wants to bring in more foreign workers to help with labor shortage which is pretty drastic measures in japan.
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joe: it is easy to spend more money and play monetary policy lever, but you need political capital for the third arrow. shery: the concern is that the prime minister will back down as he has done in the past. he has been known to water down controversial subjects especially when it comes to japan. there are so many different interest groups and people that do not want these changes. anyone you talk to, they will say the structure of reform is crucial. romaine: and the markets like the reaction of abe. favoriteok at joe's index, it has more than doubled over the past six years since he took over the second time. that is outpacing the u.s.. shery: and the japanese process have -- processes have been good. if you link it to the prime minister, you can say his has been declining
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and dwindling around 40%. the economy has done better, gdp has grown since he took office. caroline: shery ahn, thank you. we will be sticking with you and we do not want to miss any of those stories. joe: "what'd you miss?" an update on the second-most important story going on after tilray which is the controversy bae's restaurant who fed steak to maduro. dozens protested outside of his steakhouse. marco rubio had tweeted after this because, for him, venezuela is a big thing saying they should protest the miami location and they did. he is just a restaurant er. caroline: he put his entire
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popularity on instagram and he is going to use it and if it implodes somewhat, then maybe. he brings clarification to the market. joe: we have the full range of opinion on this today. that is good. caroline: i'm glad we got to the second-most important story. that is all for "what'd you miss?" romaine: "bloomberg technology" is up next. joe: have a great evening. this is bloomberg. ♪ ♪
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i'm all about my bed. this mattress is dangerously comfortable. when i get in i literally say, ahh. meet the leesa mattress. a better place to sleep. this bed hugs my body. i'm now a morning person. the leesa mattress is designed to provide strong support, relieve pressure and optimize airflow to keep you cool. hello bed of my dreams. order online. we'll build it, box it and ship it to your door for you to enjoy. sleep on it to up to 100 nights and love it or you get a full refund. returns are free and easy. i love my leesa. today is gonna be great. read our reviews, then try the leesa mattress in your own home. order during our fall mattress sale and save. for a limited time get
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150 dollars off and free shipping too. sale prices are available right now. go to buyleesa.com today. you need emily: i am emily chang san francisco. this is "bloomberg technology." in the next hour, amazon is in the sights of eu antitrust investigators. will they follow in google's footsteps and face it? jeff bezos in an interview on why he does not take meetings before 10 a.m. home where retailers caught up in tech retail disruption. we hear from neil

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