let's get a bloomberg business flash with debra mao in hong kong. mazon reported a second consecutive quarter of sales that fell short of estimates, first back-to-back revenue miss in almost four years. it slumped in trading after third order results, which saw disappointing revenue and profit forecast for the busy holiday period. alphabet also posted a revenue myth as advertising prices decline. twitter and microsoft shares gained following their earnings. -- has raised its outlook for the sales growth but lowered forecast for profit. the cement maker sees revenue 6%, downetween 4% and from a previous forecast of 3% to 5%. they were trying to streamline its operations as it battles increasing costs. spacex is pursuing funding worth $500 million. the company is hoping to take advantage of a borrower's market and leverage finance, even as uber and tesla have been burning through cash. it's climbed to $28 billion as it routinely launches and lands rockets for reuse. the brothers responsible for grand theft auto are likely to get most of $538 million in

for that, we go to debra mao in singapore. lcim has raised their outlook for this year's sales growth. europe's biggest cement maker sees revenue growing between 4% and 6%, up from a previous forecast of 3% to 5%. they been shutting regional offices to streamline its operation as it battles increasing costs. the asf reported profit that analysts estimate, the largest chemical company felt the effects of an automotive slowdown and higher raw materials prices. the trade conflict between the u.s. and china was having an effect on its business and flag new emission standards in london. royal bank of scotland posted stronger-than-expected capital and third-quarter earnings that beat analyst estimates. 10% in 961 million pounds at the lender, majority-owned by the u.k. government. it gives chief executive ross mcewan ammunition for potential buyback and special dividends after stress tests have passed. electrolux has reported third-quarter operating profit of 1.7 6 billion kroner, beating analyst estimates. the ceo says the company e

debra mao is standing by. manus, bolsonaro has won the election, marking a hard to the right in latin america has economy -- much of america's biggest economy, promising to open up the resource rich economy to private investment. the u.s. andes to unleash an aggressive crackdown on epidemic crime. wilson are won 55% of the vote to beat the leftist former mayor of sao paulo, whose worker parley had become -- party had become synonymous with -- he promised to reform foreign policy. break theernment will paradigm. we will trust in people. we will cut down bureaucracy, simplify things, and allow people and entrepreneurs to have more freedom to build the future. we will unite result. debra: chancellor philip hammond said that britain may need another budget and prolong austerity. the warning comes ahead of his annual statement setting out spending and taxation plans for the coming 12 months. s have beenement drowned out this year by noises around the brexit stalemate. the chancellor will address the u.k. house of c

let's check in on the first word headlines with debra mao. a: data from the crashed indonesian airliner shows the plane hit the sea at hundreds of kilometers per hour, plunging from 1500 meters in just 21 seconds. it carried 189 people, all of whom are feared dead. shortly after leaving jakarta, one of the pilots requested permission to return to the airport, indicating the crew may have been struggling with some type of failure. angela merkel has confirmed she will stand down as leader of the cdu after 18 years, but says it she will remain chancellor for the rest of the current legislative term, meaning she would quit in 2021. merkel says it she will not seek other political office. she is in her fourth term as chancellor, but her government has been weakened by infighting, and coalition parties were punished in recent state elections. the u.s. treasury says government borrowing will more than double this year from last, to $1.34 trillion as the trump administration finances a rising budget deficit. ohe department expecting t issue $400 billi

let's go to debra mao. president trump has said it is likely missing journalist jamal khashoggi is dead. this came after steven mnuchin pulled out of double's in the desert indavos in the riyadh. president trump: we are waiting for some investigations, waiting for the results. i think we will be making a statement, a strong statement. we are waiting for the results, of about three different investigations. >> james bullard has proposed a replacement to the taylor rule. low inflationr expectations. he voiced optimism policymakers do it without going beyond the neutral rate. >> we will be able to follow a passedly increasing without going into restricted territory. whatever the practical implications are, that is mostly a function of one's optimism. the gloves are off in italy's fight with the eu. budgeters say the draft cannot stay at 2.4%. the eu commissioner says he could not envision europe without italy. china's economic growth slowed more than expected in the third quarter. from the previous year. the s

let's get the first word news with debra mao.nt trump has said it is likely missing journalist juliette: is -- jamal khashoggi is dead. trump warned the consequences of the killian would be severe. president trump: we will are waiting for investigations and for the results. we will have them soon. we will be making a statement, a strong statement, but we are waiting for the results of three different investigations. italy'sloves are off in fighting with it eu. deficit cannott stay at 2.4%. they have given italy's government until monday to explain the deviation. growth slowedic more than expected. increased 6.5% from the year before. the severeer international situation challenged efforts to grow the economy. there was an upbeat assessment of the prospects. >> china's economy has a strong level of resilience and fundamentals. we will continue to deepen reforms. to dividends will continue pay off. all regions will continue to ensure stability. we continue to have the certainty to offset that. key inflation gauge edged up in septem

let's get the first word news with debra mao.official gaze at china's economy showing manufacturing numbers continuing to worsen in october. to 50.2 caning fell be lower than economists were forecasting. manufacturing pmi also worse. businesses getting increasingly nervous about the u.k. government's ability to pull off a brexit deal. optimism slumped in october to the lowest level this year according to a survey published by lloyds bank. the drop was felt in almost all of the country, across large and small companies. a separate work showed consumer confidence falling in october -- report showed consumer confidence falling in october. jamie dimon says investors shunning me saudi arabia conference accomplished nothing. he said business with the gulf nation continue. is, if was -- the issue the event took place, we do not an investment, conference we could not be seeing condoning that behavior. says the lion air jet that crashed monday may have been found. the armed forces chief says they have identified the possible c boyd -- sea

let's get a bloomberg first word news update with debra mao from hong kong. donald trump said he won't fire jay powell but repeated his criticism of his policy. "out of control central bank for the stock selloff." he also says he knows monetary policy better than powell and his team and he thinks his policy is wrong. advisor larry kudlow says trump is just having fun. never attacked, the fed's plan or strategy. he has never interfered with that. he is giving his opinion. it's an informed opinion. and frankly, i think people should listen to what the president is saying. but the fed is independent. we've always said that. debra: u.s. treasury department staff advised steven mnuchin china isn't manipulating the yuan. the conclusion is accepted by the secretary would avert a trade war. that said, mnuchin still could issue a different finding after the trump administration prepares to issue a report on foreign currencies. in turkey, the outcome of a court drama could make a decision on interest rates two weeks from now a foregone conclusion. a ruling to let andre

debra mao with the update. let's bring you up-to-date with inflation story. german cpi. 0.4%.] we will keep an eye on the euro. those two numbers, coming in as expected. asian markets staging a recovery after two one to try and dollars trillion was wiped out yesterday. treasury yields higher. u.s. government paper hitting the market. of theet the thoughts head of global income research. a pleasure to see you. couple ofrough 3% a weeks ago. all of a sudden, better days throughout the u.s. it has you worrying about how high rates would get. >> no. next question. there has been quite a flutter of activity. you are right, the data has emboldened some of the bearish views out there. -- things that concerned me there was a term, premium moves. it was testing the credibility of the fed policy and the longer-term anchoring of rates. weeks.t is a couple of i am much more patient than that. i would have thought treasuries would have done better during the risk off days. is where will we be after the midterms? bonds need to look through the -- there are people in the fed that say t