vonnie: in new york, i am vonnie quinn.greens got the green light today from regulators as it tries to buy more than 1900 stores and other assets from rite aid. david gura set down with an exclusive -- for an exclusive interview with the man behind this hard-won the three. they spoke at a -- hard-won victory. they spoke at a bloomberg live event. take a listen. i have been surprised by the -- when we decided to do this deal, we were expecting, of to be careful with the scrutiny. the deep scrutiny of what we were doing, but we were confident that, at the end, the be in the interests customers.ents, the so, we have been a little surprised by the difficulties that we have found and by the length of the process. deale had to structure the to give an indication that we ftc was givinghe thinking that they would approve of us. in the end, we had the deal which i am quite pleased about. had was the deal that i proposed to rite aid. to sell to us a certain number of stores. -- if it was not in the range we did not want, we would nev

i am mark artan with vonnie quinn. -- barton with vonnie quinn.ll finish the session higher for the fifth consecutive day. tech stocks are rising ahead of the apple event. there is an appetite for risk. that is the big story. sterling is up on the back of inflation data. did itor figure was 2.6% makes the bank of england committee meeting all the more exciting. a third ad to the list western mark there is a one in three chance that the bank of england will raise rates. -- core inflation, sterling has a high against the dollar. just to prove the fact that there is an appetite for riskier assets and less appeal for defensive assets, but if these bond yields. you can see yields rising across the spectrum. the ecb held rates steady. it stands ready to extend its monetary stimulus program if needed. these are some insights into the risks. i enjoyed reading your report earlier. the line that stood out to me, i look at your chart. favor anystrongly assets. there was an emptiness. that tell us everything we need to know about markets? i think it's about v

i'm vonnie quinn.ose on bloomberg markets. ♪ mark: here are the top stories we're covering. mark carney will give a speech this hour as the pound slips from its one-year high. will he drop anymore clues as to when boe will pull the trigger and raise interest rates? we will talk with norway's new about arcticer exploration and get his take on the recent elections where the conservatives barely clung to power. an exclusive interview with the colombian president, juan manuel santos. he will discuss efforts to cut down the drug trade and massive crisis facing his neighbor, venezuela.

vonnie: i am vonnie quinn. sherry: and i am shery ahn. welcome to "bloomberg markets." top stories are the from the bloomberg and around the world that we are following. donald trump is kicking off his campaign to cut tax rates for corporations and individuals. as we dig in deeper to the republican tax plan, we will take a look at how it could be a major boon for the top 1%. we will speak with austan goolsbee, former chairman of the council of economic advisers under president obama, with his perspective on the tax plan. and we will take a look at a case about to come before the supreme court. meantime, we are halfway into the trading day. >> stocks mostly unchanged in .he s&p we were talking yesterday about tax reform. close to record highs for the major averages. a lot of euphoria. how do we get this tax plan enacted? what kind of lobbying are we going to see? morgan stanley says this is a 2018 story when it comes to tax reform. coming to my terminal on this side on the s&p, we can see where the games -- gain

i am vonnie quinn. shery: i am shery ahn. blican bob corker says the decision on tax reform policy could come as early as today. one of washington's leading experts on tax policy is with us. of the taxesident foundation and just concluded his testimony before the senate finance committee. scott, what testimony did you present? we are not hearing very much in the open about what this policy would look like and we may even get it today. scott: what i was telling the committee was that getting corporate text reform right is one of the most important things they can do to not only jumpstart the economy and make the u.s. more competitive but also increased wages and real living of standards for working americans. there are four key parts to that. one is moving to. and for capital investments. had to hisng lowering the corporate tax rate to 12%. to a territorial system for international businesses and forth is making all that permanent so that businesses can rely on that for the future. shery: how does expensing compared to corporat

i am vonnie quinn with mark barton.es falling after the company projected growth in the cloud will slow. the outlook for slowing revenue is overwhelming but was otherwise a positive earnings report. joining us is taylor riggs. taylor: overall positive on the top and bottom line but all about future guidance. expectations for growth in the future, the cloud business expected to slow on revenue growth to about 41%. that would be down from 51% growth the last quarter that just finished, their first quarter of the fiscal year 2017. the slowest quarter since the third quarter in 2016. a little bit of concern about an increase in competition in some of the demand for the services. starting to put some pressure on oracle. big of a is not as business as you look at it as a percent of revenue yet but definitely a push for the company. they get about 60% of their revenue from the traditional software and services. they have been hiring salespeople and making acquisitions to push forward in the cloud space. concerning when you loo

vonnie: in new york, i am vonnie quinn.nt to tell you about another exclusive interview later today. megan murphy speaks with ibm chairman and ceo. this takes place at bloomberg tech sooner than you think. summit. don't miss that interview coming up at 2:00 p.m. new york time in 7:00 p.m. london time. arerecord stock prices lurking in corners of the market with one hedge fund billionaire joining the voices of caution. leon cooperman spoke with bloomberg betty liu about a possible market correction. towarde getting closer it in my opinion, but i don't really spend a lot of time forecasting near-term moves. seeing that bull market that seen no signs of ending. it is accelerating inflation. it is a hostile fed. it's the threat of an oncoming recession. one area you can't predict that could have an impact is some significant geopolitical event. in 1962, you had a couple of them with the cuban missile crisis and when president kennedy took on the steel industry. you have the situation with north korea. what happens if they launc

vonnie: from new york, i am vonnie quinn.opean bloomberg markets. ♪ mark: here are the top stories we covering from the bloomberg and around the world. we have details of the republican tax proposal under president trump. we are live on capitol hill to find out what he said about repatriation, tax rates, and more. economies taking news today, wolfgang schaeuble headay leave his post to -- and macron unveils some ambitious budget targets. in corporate news, nike runs into more headwinds as shares fall following another lackluster forecast.

i'm vonnie quinn. >> i'm shery ahn. welcome to bloomberg markets. orld headquarters in new york, here are the top stories. president trump makes his long-awaited debut as the u.n. general assembly. what it will mean for critical issues including the iran nuclear agreement north korea and the future of human operations. billionaire climate activists joins us with his take on the policy andn between climate change. the trump administration may be seeking some kind of middle ground on the paris climate or. plus now the famed rolling stone magazine is up for sale. what it means for baby boomers everywhere and the future of the publishing industry. julie hyman is with us.

vonnie quinn. this is the european close on bloomberg markets. ♪ big top stories we're covering from the bloomberg and around the world. sterling stronger and what will the bank of england decide as it releases its latest monetary policy decision tomorrow. how many wall street jobs at risk. we will hear from former citigroup chief executive who says 30% of banking jobs could be gone in five years. house speaker paul ryan says september 25 is the week that is the big one, when the tax reform outline will be unveiled. how president trump and congressional republicans are on the same page. where european equities are trading 30 minutes into the end of the wednesday session. a volatile day, up just on the stoxx 600 for a fifth day after falling earlier for the first day in six six arrow is not been done since april. equities is the first column. mixed fair for bonds, commodities, and cds. the swiss watchmaker surprising investors with weak sales growth in europe, the strong euro highlighting the luxury

i'm vonnie quinn. i'm shery ahn. vonnie: corporate reshuffling at aig. who took over as the ceo of the insurance giant in may is unraveling the business land put in place by his predecessor peter hancock. the restructuring plan ends the company separate division commercial and consumer businesses. we are joined now for more on the story. he is effectively going to divide the company into three of whats, which is sort carl icahn wanted, he wanted a spinoff but three different companies. is this an up limitation of that model? >> i wouldn't say so. right after the annual meeting , we reported, that he is on board with a plan to not put up the insurer but expand it. this restructuring puts some units together in interesting ways. before, different insurance units were in different places. the life and retirement ceo was overseeing some personal businesses. at aig isw deputy overseeing all of the general insurance and the which means commercial clients, which can mean personal clients. kevin hogan will be overseeing life and retirement businesses, which is i

vonnie quinn. close" onuropean bloomberg markets. ♪ mark: here are the top stories we covering from the bloomberg and around the world. we have details of the republican tax proposal under president trump. we are live on capitol hill to find out what he said about repatriation, tax rates, and more. economies taking news today, wolfgang schaeuble headay leave his post to -- and macron unveils some ambitious budget targets. in corporate news, nike runs into more headwinds as shares fall following another lackluster forecast. it has got for sports companies later this hour. have a look at where european equities are trading right now. we are under 30 minutes away from the end of the wednesday session. stocks are rising for a consecutive fifth day, the best run since september 12, the highest run for the stoxx 600 since july 19. all of these currencies falling against the dollar, bond yields gaining. some corporate news to tell you h utility fortum could turn into europe's biggest acquisition. -- for a

vonnie: i am vonnie quinn.n close on bloomberg markets. ♪ mark: big top stories we are covering from the bloomberg and around the world with the euros fighting high and loses gains after a bloomberg scoop, the ecb may hold off on finalizing its qe plans until december, what it means for mario draghi. investors confident the new ceo can drive the company forward? we will talk with a long time uber investor to get his take and when he thinks the company will go public. it has been a chilly summer for the hollywood box office come on pace for its worst return for more than a decade. what went wrong and whether films like the upcoming book -- "star

vonnie: on vonnie quinn.be the russian interference in the 2016 election as president trump's personal lawyer michael cohen's testimony is postponed. for more, let's bring in david frum and former special assistant to the president of george w. bush and rob reiner. new a member of the nonpartisan and nonprofit committee to investigate russia. helping americans understand the investigation into the election meddling. rob, what do you make of the idea of this testimony is not postponed and will be public ashes with is now postponed -- is now postponed and will be public? mr. reiner: i'm sure will be must-see tv. we are trying to cover all of the various investigations, house and senate and also give updates on the molar investigation. what we are trying to do -- the molar -- meuller investigation. compendium kind of a . it's not just looking at the day-to-day news on investigations, but also a history of what the russians have been doing, the former soviet union, and russians have been doing in trying to disrup

vonnie: i am vonnie quinn and this is bloomberg markets.onald trump and steven mnuchin met with former fed governor kevin worse yesterday. the president will have to make a decision by early next year on who will lead the federal 'sserve after janet yellen term expires. joining us with more insight on where warsh stance on monetary policy is michael mckee. he was at the new york fed and morgan stanley. >> at the board of governors from 2006-2011. worked with ben bernanke ring the financial crisis because he had wall street experience. warsh is not far from a standard banker but has like differences in policy -- slight differences in policy prescriptions, does not like policy rules like detail the rules, does not think they are accurate enough. he wants a range for inflation rather than a point target and thanks for the past couple of years, within an acceptable range. aboutd him about him -- how they measure inflation and he had critical remarks about the cpi numbers. >> the core cpe, the preferred is aboutf inflation proxy for the underlyi

vonnie quinn. this is the european close on bloomberg markets. ♪ mark: top stories we're covering from the bloomberg and around the world. wrecks of talks largely stuck -- brexit talks largely stuck in the mud, not so optimistic in brussels. >> we are far from being at a stage, and it will take weeks or maybe months, to say, yes, there has been sufficient progress on the principles of this orderly withdrawal to mark: will the stalemate caused prime minister may her job? in the u.s., economist weighing in on the president type plan, some calling it a short-term sugar high, will be tax cuts deliver more long-term benefits to the economy? , the nation'sa central bank under fire with some politicians demanding it be put under government control. the country's credit rating is still at risk in an interview with the central bank governor coming up on bloomberg. european equities are trading now, 30 minutes until the end of the thursday session, up for a six consecutive day, best run since april with gree

i am vonnie quinn. >> i am shery ahn. arkets. ♪ vonnie: from bloomberg world headquarters in new york, here are the top stories from bloomberg and around the world. president trump john a in the sand with north korea, promising new sanctions on the road grid gene -- on the road regime. shery: his latest comments and getting support in the region. and we will speak with richard spencer, the vice-chairman of equities, his latest news in the market in the wake of the fed decision and the smp announcement regarding china's credit rating. and day when of delivery for the new apple watch, we take a look at what it means for consumers and investors. we are getting a check of the market with abigail doolittle. the rally seems to be over for now. abigail: we are looking at a pullback for the major averages. all lower, small declines

vonnie: i'm vonnie quinn. this is the european close on "bloomberg markets." mark: here of the top stories we are covering from the bloomberg and around the world. german chancellor angela merkel secures a fourth term, but faces some difficult coalition talk in the weeks ahead. we will show how her weaker than expected show could affect investors. taxes could go down for corporations and the wealthiest americans -- details on proposals that could be unveiled later this week. commodities, gold covers -- , itrs around the $1300 mark has been up-and-down for gold mines. we had to the denver gold for .im -- forum a look at european equities and how they are trading right now. the biggest declines for greece's asc since june 24 last year. spain lower. italy. referral stock markets declining. stock marketsl declining. one of the many questions that will be uncovered as these coalition talks begin in germany. euro down on the back of the german election. bond yields declining. some corporate stories to tell you about today. unilever agreed to buy a south korean compa

vonnie: i'm vonnie quinn. european close on bloomberg markets. ♪ mark: here are top stories from the bloomberg and around the globe. irma is weakening to a tropical storm after it moved last tampa. leaving 5 million people without power. estimated to cause up to $49 billion in damages. tensions growing over north korea. toward. is said sanctions against the country after threaten retaliation. investors cannot get enough of .an iversen the biggest mutual fund here in europe. have a look at european equities are you 30 minutes until the end of the monday session.

i am vonnie quinn. shery: i am shery ahn.coin, the most popular online cryptocurrency split in two in august and is poised to split into a third version in november. burrin.com ceo roger called the bitcoin jesus told bloomberg the split is a good thing. >> there is probably going to be another split between the bitcoin legacy, but from that point of view that gives me more coins i can sell for the bitcoin cash, which i think is the most useful one because it has a limited supply but you can move it faster or cheaper than any other one in the world. shery: for more analysis, let's bring in bloomberg executive editor joseph. we are expecting bitcoin -- that going to surpass the 4000 -- bitcoin to surpass the 4000 level. in august, we saw a split because there is one group of people whose vision was to scale bitcoin by expanding the block size. another group wanted to keep the blocks i study but have the layer two transactions here at what could happen in november is this other split, business leaders who wanted to come up with

i am vonnie quinn. shery: i'm shery ahn. this is "bloomberg markets." t's get a quick check on how the major averages are doing, unchanged for the dow. erasing some of today's games. the nasdaq is flying away with things up two thirds of 1%. in terms of other assets on the move, let's look at the dollar index, which is appreciating following janet yellen's comments yesterday . 2.29%,year yield is that highest and selling off treasuries. that widen the 210 curve a little bit again, up 82 basis points. futures at $52.08 a barrel. that is how we are looking at midday. it is time to get the first word news this afternoon. mark crumpton has more. mark: senate majority leader mitch mcconnell says moving on from the repeated failures to repeal the affordable care law is a refreshing change. an opening floor comments today in the senate come mcconnell said it was time for the finance committee to get to work. >> this is our once in a generation opportunity to fundamentally rethink our tax code. we can unleash the economy, promote growth and jobs, and improving a

vonnie:i am vonnie quinn, this is the european close on bloomberg markets. we are covering from the bloomberg and around the world, some of the top investors have gathered at the summit in zurich. ways todiscuss the best position your portfolio. president trump is set to the road to make a pitch on tax reform. specific this without deals of the plan? apple is just hours away from unveiling its new flagship phone , as well as other products.

. ♪ live from new york and london, i'm vonnie quinn. >> this is bloomberg markets. nnie: it is time for a look at some of the biggest business stories in the news right now. general mills cannot seem to reverse the three year-long sales slump. revenue in the serial business business fell last quarter. general mills fussing and upheld that earl -- facing an uphill battle as consumers change the way they shop and eat. an eight-month battle over toshiba's memory unit is coming to a close. the price? $18 billion. according to people familiar with the matter, a large chunk of the money will come from apple. retail sales are expected to pick up in the u.s. during the holiday season. 4.5%,may rise as much as which would allocate last year's increase of --. this may indicate that consumers are more comfortable with spending they were last year in the aftermath of the presidential election. vonnie: coming up shortly, justin trudeau, stephen --.arzman, and up for that fed decision, 2:00 p.m. eastern time for the news conference. we will see with ethan harris from bank of ameri

imf vonnie quinn. it's time for our talk of the hour. how could we not take a look at lululemon?t all down with abigail doolittle. lululemon is the darling again. abigail: everybody loves it or hates it. i personally don't shop there. do you? vonnie: no. i don't work out, so that's kind of a problem. abigail: neither of us shop there, but apparently, every other woman in america does shop there. they beat estimates. up 4%, versus the quarter before , up just 1%. they also raised guidance. there is a great graphic that shows what happening here. -- surge in online growth. you can see that really tells the story. amazons all been about taking over the retail world. i think investors want to see that most retailers have a firm footing in the online world. the growth suggests that they are there. had a tougherave time. is it competitors, or is lululemon doing something right? abigail: they appear to be right in the middle. -- nike is up on the year. under armour less so. if you take a look at lululemon, earlier, down 20%. to your point, it wasn't a darling a couple months ago. now al

vonnie: i am vonnie quinn.e look at the latest business flash may look at the biggest business stories right now. negotiating with two companies about a rail competition. according to people familiar with the matter, the german company is in talks with both companies from france and canada. the move could be complex and face big antitrust hurdles. vonnie: and snapple group same the combined effect of hurricanes and earthquakes in mexico will be weighing in on earnings. it had trimmed its forecast after a fall from major suppliers. dr pepper says the vendor has not been able to provide what it needs for the mexican operations and they plan to write off the inventory shares. they felt earlier to their lowest, 8.6%. and india's bank has cut about 2500 jobs in an effort to lower expenses and push technology, according to people familiar with the matter. who also cited an industrywide slump. this company led by the billionaire ceo, who founded in 2004. most of the cuts are in the sales team. and that is your busines

vonnie: live from new york, miami -- i am vonnie quinn., they stockholm, sweden, the stock higher, let's talk about why. we have abigail doolittle, august sales missed, why is the stock higher? , the is about the future company talking about how the often season off to a strong start. the august and this is largely priced in and i talked about it in may. they have inventory issues, charles allen talks about this big inventory issue they have, a 27% surge in inventory at the end of may. let's look at that. onhas put together a ratio days outstanding on bloomberg intelligence. when inventories are low, supply is low and it is demand is solid which we -- create a good dynamic. as inventory climbs, not so good for the stores and they are working to this inventory issue any strong start to a lot of is a good tell to what is ahead. vonnie: what about the competition? >> zahra is biting into their business. we will see that h&m down shortly -- sharply. eating into h&m but h&m is turning it around. mark: thank you with our stock of the hour. mark:

imf vonnie quinn. -- i am vonnie quinn. apple stock before the big event is abigail doolittle. sometors may be getting jitters? >> it could be because of the rumors and the news. we have been talking about this for more than a year, since the last year 10th anniversary phone -- since last year, the 10th anniversary phone. today,ters we are seeing the question is if we will see a bigger version of this? far,his stock grown too too fast? investors are naturally pumped for this new bone, so will it live up to the hype? vonnie: the stock up about 90%. >> it is a huge move. some are bullish on the stock, but he does wonder if it has been hyped up in little bit in the near term. there are concerns about if there will be supply constraints. there also seems to be a bit of bust and a lust -- and a cycle for apple. you can see the big uptrend between 2007 and 2012. there was a very disappointing iphone 5 in 2012, and you see that drop. there was also that disappointment with the iphone 6 as which caused another drop. so, we will hav

i am vonnie quinn. shery: i am shery ahn. nnie: we are awaiting a live news conference here in u.s. house speaker paul ryan is going to beginning giving his weekly conference, but we anticipate comments on daca and potentially be dinner at the white house between the president and the house and senate minority leaders. we will bring you paul ryan's remarks as soon as they happen. you can follow it as well on tv . hurricane irma pummeled the state of florida and miami included. irma estimated to have cost $49 billion plus of damage to the state. chairmanined by the and ceo and founder of sbe entertainment group, which owns hotels, residences, restaurants, and nightclubs in the south beach section of miami, along with other areas. he joins us now for an update on where things stand. how extensive was the damage to your properties? you are really on the main drag. >> we have several properties in miami beach, south beach specifically, historic properties, art deco properties. we really feared the worst because of the storm. i

vonnie: and i'm vonnie quinn. this is "bloomberg markets."e will monitor developments following theresa may's big brexit speech. but now, switching to u.s. politics. the war of words between president donald trump in north korea, taking yet another turn. another un warned of countermeasure in history. foreign minister suggested the threat could include testing a hydrogen bomb in the pacific ocean. back,esident fired calling him a madman, says he will be tested like never before. let's bring in kevin cirilli, a washington correspondent. in withhis kicked president trump telling the world that china is also cut off with any banking relations with north korea. obviously, there was going to be at a response. kevin: we have been carefully monitoring the escalating tensions between the united states as well as north korea, particularly following yesterday's public comments at the united nations and that meeting. i thought the japanese prime minister, shinzo abe, saying itzed it best, is the latest test. haleyday afternoon, nikki saying the world ap

. ♪ ♪ vonnie: this is bloomberg markets, i am vonnie quinn. shery: i am shery ahn. ie: when uncertainty surrounding brexit, global banks presented with a number of challenges. are they prepared? ubs investment bank has gone under an overhaul which is boosted profitability and may allow them to better whether the threats. satpresident andrea orcel down for an exquisite interview with erik schatzker in new york to review the transformation and discuss the investment bank strategy. 2012, i do not think we had an alternative. we had a business in the investment bank that was absorbing about half of the equity. of ubs group. a return ofrating about 11 points below the cost of equity. it was not growing. and was generating a lot of accidents because of the culture we had in the past. shareholders, our board, our executive board could not continue to defend that business. something had to be done. something that had to be done needed to be quite decisive, not just fine-tuning. erik: a necessity? andrea: it started with a necessity and became truly believing that what we end

life from bloomberg world -- live from bloomberg world headquarters, i am vonnie quinn. dow is up 1.1%. 22,043. up one fullis percentage point. here is mark crumpton. rma is weaker vessel dangerous and headed for georgia. unless destruction over south florida, flooding miami's financial district. still, the miami beach mayor said things that have been a lot worse. we saw a lot of trees down, power lines down. we have a couple of gas leaks. we didn't see any major physical damage. thank god our health. we have minimum flooding. there was no flooding out on some areas. miami and miami beach, we didn't talk to bullet, we touched a cannon. we're very happy about that. mark: the full extent of the damage from is not know, but research/its estimate for total billion.o about $50 hillary clinton so she is finished with being a candidate. the former nominee says she isn't on the politics because "our country's future is at stake." she spoke to cbs about the release of her book about the campaign. she also says giving could be just wall street was a mistake. at least 15 police off

that's how you outmaneuver. -- i am vonnie quinn. "bloomberg markets."all stories on the bloomberg and around the world that we are following this hour. -- irma storm velma weekend to a tropical storm. nearly 5 million people are without power. apple's new iphone will be called the iphone x. it is expected to cost more than $1000. we have a lot more. we halfway into the trading day and the u.s. julie hyman is here. julie: after the hurricane was not as severe as has been predicted, it has been downgraded to a tropical storm. that is

. ♪ ♪ vonnie: live from bloomberg world headquarters in new york, i am vonnie quinn. i am mark barton. theresa may is under increasing pressure after the latest round of brexit talks ended in a stalemate. some say britain is refusing to acknowledge its financial obligation and want to deal with -- montevideo that is impossible to achieve -- and wants a deal that is impossible to achieve. >> there is some uncertainty around brexit. i have been lobbying the government about more certainty. is deals not listed with the eu like march of 2019. i am pleased the government is listening and that means hopefully that financial institutions will know there will not be a cliff it forward. they should be reassured that the government is listening in relation to the needs. i think the government should do it sooner rather than later, membership and a single market at least during the transitional arrangements. in my view, the you should be members of a sing a market. -- a single market. the government recognizes why the single market is so important and banks and others will have

vonnie quinn.dent donald trump is doubling down on his criticism of national football league players who kneel during the national anthem. his tweet this morning -- respect for the country, flag, and national anthem in the nfl must respect this. the nfl began at his rally friday when he called for players to kneel in protest of police brutality to be fired. that is where it started. the rhetoric has backlash. capital partners managing partner. bancfirst -- thanks for joining. at least eight nfl donors donated to trump for the victory party or something. millions. do they stop doing this now? he is attacking their industry and most prized possessions. >> it is likely they will not give millions anytime soon. the nfl and teams are businesses. the first concern is not taking care of the relationship with the president but protecting business. so yes, there will be a so yes, there will be a diminished response between the nfl and the team owners and the president. vonnie: do they take a stand or stand

vonnie: from new york, i am vonnie quinn.on bloomberg markets. ♪ mark: top stories we're covering from the bloomberg and around the world. wrecks of talks largely stuck -- brexit talks largely stuck in the mud, not so optimistic in brussels. >> we are far from being at a stage, and it will take weeks or maybe months, to say, yes, there has been sufficient progress on the principles of this orderly withdrawal to mark: will the stalemate caused prime minister may her job? in the u.s., economist weighing in on the president type plan, some calling it a short-term sugar high, will be tax cuts deliver more long-term benefits to the economy?

vonnie: live from bloomberg world headquarters in new york and london, i am vonnie quinn. i am mark barton. this is "bloomberg markets." let's check in on the bloomberg first word news. french president emmanuel macron delivering proposals for reshaping europe. he is speaking right now. that is a live shot. once you open the french military to european soldiers and wants other european member states to do so on a volunteer basis. terrorism andt have a civil protection for spirit hillary clinton continues her media tour for her new book. she spoke about the effects of the election on the rest of the world with charlie rose. >>. as one huge problem that is a combination of a reality tv campaign. thanks that have never happened before. we weren't prepared. now we have to be prepared. my losing helped prepare the dutch, french, and germans to defend themselves against some of the same forces. mma: do than watch hillary clinton's interview in full on bloomberg television at 6:00 and street time.ll some of the biggest names in finance and real estate are expected to gather in ne

i am vonnie quinn. this is "european close" on "bloomberg markets." ♪ here are the top stories from the bloomberg and around the world. from the bloomberg global business forum, be sure to catch tony ressler and marc lasry. macronpresident emmanuel outlines a bold vision for his country's economy. macron andar from look at how his grand plan fits in with europe. and we are just three hours from the fed's rate decision and potential clues about the unwinding of its balance sheet. let's look where european equities are trading. just under 30 minutes to the close of equity trading. this is the stoxx 600 and different industry groups. we are off by 1/10 of a percent. . mixed picture energy stocks outperforming. we are seeing a spike in wti and .rent consumer staples underperforming down .8%. financials also lower, perhaps some of the low yields in the core tech stocks also not doing too well. it is the commodities outperforming. commodity stock, energy stock, and commodity producers within the materials. th

vonnie: i am vonnie quinn. this is the european close. being cut to underway at morgan stanley with dilation concerns spooking investors and analysts. riggs is here to tell us the story of hertz. >> all dilation concerns tripled in the last three months and they bottomed out in june to $8.70 a share and rising yesterday to almost $.24 a share. , then a rebound. valuation concerns. what has been fueling the growth over the summer is concerns that it had bottomed out in the second quarter then that look to be recovering. concerns over fixed costs, negative pricing data, it had appeared to be perhaps behind us. some notes that with the hurricane, that would help fuel demand. that providing a positive picture. terminal, wento my can talk about the valuation concern. you can see the share price in yellow coming up despite even a consensus, on a steadily decline . morgan stanley analysts say the fundamental outlook is challenging. goldman sachs earlier had pointed out that free cash flow in 2017 remains elusive. vonnie: what about the competito

im vonnie quinn. shery: i am shery ahn. amazon is looking to deliver more than packages.y want you to order chipotle and shake shack. amazon is teaming up with mobile , sending shares of grubhub tumbling. joining us is craig with more. i am almost surprised they haven't done this already, right? amazon restaurants has been around since 2015. they started in seattle. but it is small. competitor or grubhub and seamless. this news hit grubhub pretty hard. amazon has access to up to 40,000 restaurants -- 200 brands, 40,000 locations. this is them going hard after a chunk of the restaurant market. i come from hong kong where we have so many delivery companies. how big is the food delivery market in the u.s.? greg: the market of orders placed through apps is currently 10 billion, expected to go to 35 billion over the next five years. mcdonald's resisted this for years. they didn't think the fries would stand up in the time it would take to get to someone's house. but now we see them partnering with these services. this is amazon stepping in and saying they will be part of someb

i'm vonnie quinn. shery: i'm shery ahn.h theter is standby head of citigroup's debt and equity origination group. over to you. jeffreyent with phillip at citigroup. welcome to the show. good to have you here. citigroup has been in a good position this year for ipos and in the top three for debt origination. if you could tell me what's the next between debt and equity finance for companies this year. >> 2017 has been very active. 2016 was also very strong. lovely dcm volumes are off about 2%. globally dcm volumes are off about 2%. 2016 equity capital markets hit loans given the overall geopolitical activity and the fact that a number of windows were closed to the equity capital markets. when you take a company public there's a longer duration in time to market. in 2017 we have seen a real upswing. up 60% andmes are the pipeline that we see moving forward into 2018 suggests more to come. have worked on two of the biggest ipos in the world. alibaba and lisa. as the market is getting ready for the big ipo from the middle east w

vonnie: and i am vonnie quinn should this is the european close -- and i am vonnie quinn.is the european close on "bloomberg markets." mark: here are the top stories we are following from the bloomberg and around the world. president trump speaks at the united nations, saying that the u.s. will destroy north korea if needed. he also called on other nations to step up to the plate on soldier it -- on shouldering global responsibility. and the rift between her and forced johnson grows deeper. how brexit could be affected. aid is thought -- is being sought in its rite aid

vonnie quinn is off today. welcome to "bloomberg markets."om bloomberg world headquarters in new york, here are the top stories on the bloomberg and around the world that we are following. hurricane irma remains on a collision course with south florida. it is threatening to become the most expensive storm in u.s. history. we are days away from apple's big timber 12 event, where the company is likely to reveal -- september 12 event, where the company is likely to reveal big , thees to its device iphone. and a cyber attack leaves as many as 143 million people at risk. we will look at the next depth fax on the heels of their data breach. if you look

i am vonnie quinn. welcome to "bloomberg markets."world headquarters in new york, here are the top stories on the bloomberg and around the world that we are following this hour. it's jobs friday. the economy added fewer jobs than expected. wages once again disappointing. we will take a deeper look at the data. ceos and business leaders across the country are urging president trump to keep the so-called dreamers program. what tim cook and jeff bezos are saying about to the program that prevents the deportation of young people brought to the country illegally. today, retail stores will promote their movie collection in a jedi toy blitz. let's get a check of

vonnie: from new york, i'm vonnie quinn, and this is "bloomberg markets."imeout for futures in focus. wti in new york planning above $50 a barrel for the first time since early august. it boosted the demand forecast among other reasons. joining us now is bob. does it stay above $50 a barrel, or is this a brief reprieve for the oil companies? bob: that is a pretty tough thing to say with crude oil whether it stays above, but i think it sustains above, which is different. right now, we are looking at a short-term target of about $53 on crude oil. the pitcher has completely changed, not just with the hurricanes, but with the iea report, which is one of the most bullish things i have seen in a while. demand continues to creep up and creep up and creep up. reduce refined products so when the refineries come back online, they will pump will out and not necessarily -- l out. an unnecessary vonnie: do you agree with the conception forecast? we know forecasting is a dangerous game. bob: yes, but i do it all the time, right? i agree with it from a global perspective

items vonnie quinn. shery: and i shery ahn. welcome to "bloomberg markets." bloomberg world headquarters in new york, here are the top stories on the bloomberg and around the world. goober loses its license to operate in london. er loses its license to operate in london. we get the company's response. and amazon is looking to crack the code on food delivery. details on the e-commerce giant latest efforts to muscle into the restaurant business. sher

i'm vonnie quinn. shery: this is "bloomberg markets." : let's get a check on the major averages. not that much movement today. the dow is up 11 points. s&p 500 24. nasdaq up 1/10 of 1%. when it comes to other asset capital, just a little bit more market reaction. the yen weaker today. that is on a stronger u.s. dollar for the main part. the yield curve, 79 basis points. slackening all the while as the shorter end of the curve moves up. at 51 88 a barrel. there is still a good seven dollars of a spread between wti and grant. gold future is holding above $1300 an ounce even though we are in a down session. let's get to the first word news . mark: pyongyang is at odds with president trump's reasoning or motives, and has reached out to republican linked analyst to help figure him out. that is according to the washington post. the washington post also reports the outreach started before the current eruption of threats between mr. trump and kim jong-un, but will likely intensify with the escalating rhetoric. says hefinance minister wants clarit

. ♪ mark: live from london and new york, this is the european those with vonnie quinn.t's been a topsy-turvy day. stoxx 600. individual stock movers, you can did wey are down by 20% were down for the north day in a row. it is really calm on european these. the cost of hedging european equities is as cheap as ever. the number of shares changes. the lowest level in 17 years. this is what the chart shows. , no negativetors news when it comes to positive than look no further cities surprise index for the eurozone. this is the eurozone surprise, including the u.s.. you the above 50 shows data is beating economist estimates. that's the gap between the eurozone big year in the u.s. figure, showing the data in the u.s. is lagging eurozone estimates. bar is the euro against the dollar. investors fueled the selloff in stocks. they cut ties. they are returning. equity gauge fell to a five-year low. that is the most since april. cuttingab states are those diplomatic and commercial ties with the countries with charges of funding terrorists. let's not forget let's happening qatar. vo

vonnie: i vonnie quinn.opean close on "bloomberg markets." 12%ftse dropped as much as before reversing, and is now up 9%. what are the details? >> that is unusual to see a swing about that. they were down 4.5%. this is what we were seen in the apparel industry, the athletic apparel industry. there is falling demand. that is what happened for finish line. they had to do a lot of promotions. the company says it is focused on working down inventories. part of the reason it was slashing prices was to get stuff out the door. you'll look at the issues they are selling, and analysts are saying this is a product driven company. if you are going to get people in store cannot buy stuff online, it will have to be about start products. they have been redoing their stores to try to get people through the door. the key, came on the call when they said they expect to see gross margin improvement in the fourth quarter. gross a chart of the margin figures, which were 28 percent in the last quarter. see grosse going to margin

vonnie: from new york, i'm vonnie quinn. is mark zuckerberg running for president? contemplating his political future at a moment when he has not figured out his political present. problems ofcebook fake news in russian propaganda and other tensions with washington. you can read all about in the new issue of bloomberg businessweek. it's the cover story. caskin cowrote the story and joins us now. tell us why people think mark zuckerberg might be thinking about political office. going on is that zuckerberg is ridiculously influential. people don't totally appreciate the fact that this is a guide who is richer than almost anyone in the world. he is the fifth richest person. he has probably the biggest, most influential media company of all time and he is politically engaged starting after the election. he went on this cross-country listening tour. if you don't know anything about him from the outside come it looks like the kind of listening tour that someone would go on if they were running for political office. he has brought a bunch of people, most noticeably david t

hyman, vonnie quinn is off.rkets. ♪ julie: from bloomberg world headquarters, the top stories of the bloomberg and from around the world. federal reserve five chair stanley fischer resigned and gives president trump to reshape leadership at the u.s. central stormategory five hurricane irma hitting the caribbean and barreling toward florida. why it could be the most expensive storm in u.s. history. barclaysrom ceo from energy conference later this hour. first, two markets, abigail doolittle. quite admixed a is for very small moves for stocks. investors with a rebound. look at the nasdaq. down ever so slightly and earlier down