vonnie: i am vonnie quinn. this is bloomberg markets.ley and goldman sachs reporting surprising equity strengths while backlog disappoints in this morning's round of earnings. obviously investors reacting better to one then the other. morgan stanley really losing the way at least for investment banking. >> yes. morgan stanley's numbers are really good on their investment banking side. their management side is a little weaker. people are overlooking that. up over thely years. it has been one of their strengths after the crisis. the investment banking side, their trading revenues are up on both asked income and equities which many have struggled to do. all the other banks that have reported one or the other was down for very little up. everything is good. are all positive numbers. vonnie: across the board it feels like ellen sheets are looking healthier. expenses are disappointing. cost control is going to be an issue at these banks. >> it is. only bank of america and wells fargo actually saw a decrease in their expenses. banks is going up

. ♪ vonnie: life from york, i'm vonnie quinn. this is bloomberg markets.he president says the missing washington post reporter is likely dead. he warned saudi arabia of severe consequences. we are joined by tim o'brien. this has been a travesty. what the severe consequences mean from the administration? tim: we don't know yet. this is the latest example of them not being prepared on the foreign stage for a severe diplomatic crisis. they've been making it up as they go. that begs the question why the president has taken so long to respond forcefully to this. gestures toward the importance of the saudi arabia and economy and the oil, obviously. you can't divorce his financial dealings from the equation. there is a long-standing investment from saudi's in trump projects, jerod has been a strong advocate of the saudi arabia and relationship. it all comes together to create this response. he talked about saudi being a strategic ally. how much can they distance themselves? jim: that's what so tricky about the situation. there is a clear moral issue here. an indi

. ♪ vonnie: live from new york, i am vonnie quinn and this is "bloomberg markets."ime for the latest bloomberg business flash. u.s. antitrust regulators have given their approval to create the largest supply of industrial gases. the fcc signed up on the largest merger. the company still have to sell assets to resolve concerns the combination would hurt competition. billionaire investor carl icon is selling american railcar industries. the price is $1.3 billion. that represents a 51 percent premium. is going back to the junk bond market to help pay for new programming. the world's largest online network is selling $2 billion worth of bonds in dollars and euros. least $3s to spends at billion on original series and movies. that is your latest bloomberg business flash. a quick check on european markets. gain and down more than half a percent although bonds have improved a little bit in germany. the italian/german spread is just over three basis points. the pound is suffering. one .20 976. -- 1.2976. we are awaiting word from theresa may to parliament. saudi arabia says

this is bloomberg. ♪ ♪ york, i amm new funny quinn. >> i am guy john -- i am vonnie quinn. >> i am guydent erdogan said killing of the journalist in istanbul was a part of a thoroughly plan lot. he was on his feet earlier on today, talking about this. said -- wespeech, he saw the saudi market rise sharply. the reason it rose -- this is argument -- president erdogan did not bring any evidence. the turkish president seems to be playing a very careful game. he's keeping pressure on saturday. but at the same time -- on saudi. but at the same time, he is not coming up with new evidence. one highlight from the speech today was the fact that this was the first time he portrayed the killing as a murder meticulously planned in saudi arabia. he called on the leader of saudi arabia to bring justice, no matter what their positions are. reference toiled the crown prince in saudi hasia, although erdogan refrained from directly naming him. there has been incremental pressure on saudi. he has not officially accused any member of the royal family. vonnie: erdogan sees an opportunity here. what is his e

vonnie: i am vonnie quinn. this is the european close on bloomberg markets. the top stories we are covering, tightening up. the payroll data shows economy running out of workers. unemployment is at lows last seen in 1960. they 10 year yield touches a seven-year high. in a moment, we're going to speak to bill gross. unilever backs down. shareholders refused to back the plan. musk lashing out, tesla stocks drop. is his deal with the sec at risk after he describes it as the short seller enrichment commission? we're getting new surrounding the british pound, that the e.u. is ready to offer a supercharged trade deal. cable climbed on the back of that story. let me show you the chart. that is the move we saw. k down.trading bac we did see a spike higher. we are going to get a better deal than has been offered but it is not going to be frictionless. we will come back to that. let us get a reaction to what happened with the payroll reactions. it looked it was not a great payroll report. looking under the hood, this looks like a fairly decent set of data. is this enou

vonnie: i'm vonnie quinn. this is bloomberg markets.let's check in on the first word news with kailey leinz. kaylee? a list of -- kailey: a list of targets of suspected mail bombs is getting longer. two packages are being investigated and a delaware postal facility. they were dressed to former vice president joe biden. in new york, the bomb squad removed a bomb sent to a restaurant owned by robert de niro. this comes after bombs were discovered at homes of former presidents obama and clinton, and the new york offices of cnn. president trump says reports of chinese by listening to his cell phone is "so wrong." those spiesicates are getting value will -- valuable insight on how to affect policy when hearing the president talk on an unsecured iphone. the recent real estate slump might be starting to stabilize. contracts to buy previously owned homes in the u.s. rose in september, the first increase in three months. the overall increase was .5%. the biggest gain was seen in the west. and loop of -- and a group of mobile trade ministers is s

vonnie: i'm vonnie quinn. this is bloomberg markets. at some of the biggest stories in the news right now. apparently a turning point for canada and the global gas industry. itsl dutch shell and partners have agreed to invest in a project that will create the fastest route to asia for north america on -- north american liquefied natural gas. it will be canada's largest infrastructure project. construction is going to be starting immediately. investorss rewarding that fended off unwanted takeover attempts. carlyle group agreed in march to buy the business. akzonobel.lped is taking its most loyal customers to get the chance to buy the 1.9 million mondo supercar. they will get to choose between the one seater or the two-seater. no one will be allowed to buy more than one. sells itself as a luxury goods company these days as well as an automaker. we are about to get the ipo tomorrow morning of aston market -- aston martin. toys "r" us could be poised for a comeback. the same lenders taking the heat for it liquidating the company say they ha

. ♪ vonnie: in new york, i'm vonnie quinn.is time for etf friday, the big swings in the market have led it to big swings in the bonds flowing into and out of key markets' etf. joining us now is rachel evans. october is a pretty bad month for the market anyway, so how is it reflected in the etf space? >> it has been a volatile week. if we look at us by, the largest etf and one of the most traded day on day, we are seeing real outflows. more than one billion coming out this week. q's and other etf's, we are looking at outflows. but we are actually seeing some longer-term money being more sticky. if you look at ivv, which also tracks the s&p 500, we have seen some inflows. so people are seeing buying opportunities, although i did like this it is hard to see why. vonnie: the money has to go somewhere and ivv right now is looking, let's say it is still down for the day, but how is it performing generally? rachel: it tracks the s&p 500 in people are getting hammered the same way that they would with spy, but ivv is cheaper. if you a

first he spoke about the boyfriend, aaron quinn. >> the statement that mr.vided was such an incredible story, we initially had a hard time believing it, and upon further investigation we were not able to substantiate any of the things that he was saying. then about denise herself. >> miss huskins indicated she would be happy to meet with our police detectives and provide us a full detailed statement of what occurred. as of right now we have not heard from miss huskins. >> finally this. >> mr. quinn and miss huskins have put fear among our community members, so if anything it's mr. quinn and m s miss huskins owe an apology. >> all of this was one of those made for california dramas. police seemed to think denise and aaron were for some reason known only to them seeking publicity and telling an elaborate lie. left unanswered was why anyone would want to become famous for fooling the police. >> the stranger than fiction kidnapping story involving a young california couple. >> no ransom was ever paid. he said the kidnappers took his bank information but no one t

vonnie: i'm vonnie quinn in new york.cedes-benz issued its second profit warning in four months. shares of daimler fell to a five-month low in german trading. the company blamed expenses blamed on the diesel emissions cheating as a reason for the warning. let's bring in david welsh our bureau chief. a lot of these companies are facing some of the fuel emission standards that will be more stringent in the near future. >> that's right here in european carmakers like daimler rely a lot on diesel vehicles to meet some of the requirements they have in europe. ever since the volkswagen diesel scandal, european governments have been looking more closely at diesel emissions, requiring more hardware, cleaner emissions period in order to meet the rules. daimler did not give any specifics in their profit warning. on that,ed it a lot analysts are looking at that as sort of a one-time reason. there are other things that have hit daimler and other carmakers this year. trade war china is not helping. bmw and daimler ag make a lot of car

vallejo police initially thought that huskins and her boyfriend quinn made the whole thing up.istake that led to a civil claim costing vallejo tax payers over 2-million-dollars. the couple later decided to pursue the additional criminal charges and the solano county the district attorney's office accepted the casesot the prosecution and the defense both filed motions to see discovery evidence obtained by the f.b.i. in the federal case. muller next hearing is scheduled for december 10th. at the solano county superior court house in vallejo haaziq madyun kron4news (grant) florida official say hurricane michael has killed at least 29 people in that state...bringing the overall death toll to 39. michael slammed into florida's panhandle with 155 mile per hour winds on october 10... it also affected georgia...the carolinas and virginia. (vicki) the c-d-c says 155-cases of a polio-like illness mostly affecting kids are now under inve

vallejo police initially thought that huskins and her boyfriend quinn made the whole thing up.that led to a civil claim costing vallejo tax payers over 2- million-dollars. the couple later decided to pursue the additional criminal charges and the solano county the district attorney's office accepted the casesot the prosecution and the defense both filed motions to see discovery evidence obtained by the f.b.i. in the federal case. muller next hearing is scheduled for december 10th. at the solano county superior court house in vallejo haaziq madyun kron4news (grant) now to our four zone forecast... as we take this live look outside at the embarcadero... joining us now is chief meteorologist lawrence karnow... sunshine in the afternoon. hurricane willa is approaching mexico and will slam the coast with heavy rain and dangerous wiinds. flooding is likely in mexico and all the way up to texas. clouds will return to night with patch

vonnie: and i am vonnie quinn.se of "european markets." ♪ guy: here are the top stories we from bloomberg and around the world. trading up. stocks rise and the u.s., canada, and mexico flinch a new trade deal to replace nafta. the president will be speaking shortly from the rose garden. reengineering. ge dumps john flannery and names larry culp. stock leaving on that news. and, as london looks for a .ompromise on the irish border let's talk about where we are in the european markets. less than a half an hour to go. we are seeing a significant turnar

vonnie: live from new york, i'm vonnie quinn. hour, ibm moving on its biggest ever m&a transaction. it was down two point 25% after saying it was going to buy red hat. hat, theying red largest m&a acquisition, also the second largest ever. that is a hefty deal for ibm. red hat is in the cloud services , focused on open cloud which is you get the code for free but you pay a subscription to get upgrades. the cloud is something ibm wants to bolster. this was a $1 trillion market leicester. ibm looking to boost -- market last year. ibm looking to boost revenue growth. turnaroundk we had a going on in past quarters. that is the exception, not the rule. in its most recent quarter, revenue was down 2.1%. cloud revenue did grow 10%, down 20% in the previous quarter. ibm looking for this deal to boost cloud growth and revenue and move the company in a more moderate direction. guy: they're paying a big premium. what are analysts saying? >> they are noting it is expensive. it may make sense. ibm paying $33 billion, 2.5 years of free cash fl

we actually had just within the past hour a couple, benny and cindy quinn, who were supposed to get married tomorrow afternoon, right when hurricane michael is supposed to roll in

vonnie: and in new york, i'm vonnie quinn.na's leadership is signaling that leadership measures lay ahead as the trade dispute with the u.s. drags on. xi jinping says that the government needs to take timely steps to counter downward pressure on the economy. they have already implemented tax cuts and regulatory release, stocks are still hovering around a decade low. the trump administration is calling for an urgent halt to the civil war in yemen. the secretary of state, mike pompeo, issued a call statement today to put an end to the hostilities. the swedish foreign minister says that the u.n. special envoy to host nextden month. jim mattis is calling for a cease-fire in yemen within 30 days. the former brexit secretary is spewing -- fueling speculation about his ambitions to one day u.k.ce theresa may as the prime minister. in a wide-ranging speech he laid out his political beliefs in the context of the conservative party true values. his push for a fastbreak from the eu, the plan for a soft grassroots,in the kevin jones accus

i vonnie quinn. welcome to bloomberg markets. -- i am vonnie quinn. bloomberg world headquarters in new york, here are the top stories on the bloomberg and around the world. on dollar is enjoying gains political risk. week we have tech earnings. the saudi blackstone discount. for anone cut a deal infrastructure fund. and beauty by the numbers. how a makeup mogul built a $1 billion business on instagram. under -- founder huda kattan. at first though, we have abigail doolittle. bruno: a lot of volatility -- as but a lot of volatility. not a lot of conviction from investors. the s&p 500 down 5% i'm a month, the worst month since 2015. this is the long way of saying neither the buyers nor the bears are willing to step up without new news on the day. the dow this we do have down about 6/10 of 1%, the s&p 13 down 11 of the last trading days, or on pace for that at the close. to give you an idea of the downility, the dow is about what it is now, but the s&p 500 and the nasdaq had been up 1%. lots of volatility. they movinge 200 average for the s&p 500 back i

i'mie: live from new york, vonnie quinn. this is bloomberg markets.mp is meeting with secretary of state mike pompeo at this hour, concerning the death of journalists jamaal khashoggi. what are the president and the secretary of state discussing, especially given that congress is not too pleased with the apparatus right now? are seeing is that the secretary is essentially briefing president trump on his two days of meetings in saudi arabia and turkey, bringing back to the president what he heard from the saudi's in terms of the crown prince's defense of that government and denials of any involvement in the death of jamal khashoggi, and also their promises to conduct a thorough investigation. this is the challenge the u.s. has had all along. the president is really unwilling or at least extremely reluctant to sacrifice the u.s. relationship with saudi arabia, despite this mounting evidence that there was some sort of government involvement in the journalist's death, and also trusting the saudi's to conduct an investigation on their own, basically takin

vonnie: from new york, i'm vonnie quinn.s is "bloomberg markets." guy: turkey has convicted andrew brunson, but has released him on time served. the lira has not really responded to this. our bloomberg correspondent joins us from istanbul. is this a compromise that the turks were looking for to find a way out of this difficult situation? the pastor has been convicted of the offenses for which he was charged, including participating in some way in the 2016 coup attempt, but he is able to go because of the time already served. i -- walk me through the compromise they have come up with. reporter: as you said, it is a compromise, a welcome development for both countries. turkey got what it wanted, and now the u.s. has what it wanted. of course, washington has said if he was not released they would impose further sanctions on turkey. in august, the president was furious he had still not been released. and he had doubled the steel tariffs on turkey and put sanctions on two turkish officials and warned more would come. so this woul

the winner today is vonnie quinn. bloomberg. ♪ live from london, i'm guy johnson. >> i'm vonnie quinn. we are seeing a bit of a selloff today. where will we end the session? obviously, we will not ask you. the bears have claimed the upper hand. a look at the 200 day moving average for the s&p 500 and the wedaq 100 last i checked were below on both of those. that is important because i remember february night and my colleague wrote a piece. we bounced and that ended up marking the bottom. inre was another occasion april and may where the bounce off the 200 day moving average did mark a bottom. my colleague earlier today said it is something to watch because it has worked before in the same buyers who were there then don't show up now than that is caused to be worried. he said if you are looking at 500,5 day low for the s&p that is right around where the 200 day moving average is. we just moved back above it. i think we will be staying with this level. if we close below it, give us a sense of how is the market position

vallejo police initially thought that huskins and her boyfriend quinn made the whole thing up. a mistake that led to a civil claim costing vallejo tax payers over 2-million-dollars. the couple later decided to pursue the additional criminal charges and the solano county the district attorney's office accepted the casesot the prosecution and the defense both filed motions to see discovery evidence obtained by the f.b.i. in the federal case. muller next hearing is scheduled for december 10th. at the solano county superior court house in vallejo haaziq madyun kron4news (grant) developing news tonight... organizers say there are now 75-hundred people marching north as part of a migrant caravan that plans to travel through mexico and head towards the u.s. and now president trump says the u.s. may cut aid to central american countries because of it. kelly smoot reports from washington. more than seven thousand, mostly central americ

vonnie: i'm a vonnie quinn. this is bloomberg markets. retailer has fired for bankruptcy protection after falling victim to too much debt. the retailers largest shareholder has stepped down as ceo. joining us is sara hoback from d.c.. reduction around a smaller number of stores. there are tens of thousands of people eventually out of a job. is it possible for him to restructure? i would not be optimistic about that. he's going to shrink the polity -- he has cut costs to the bone in terms of advertising costs, many of these stores you --ng now they're not gotten last year there comparable sales were down 13.5% so it's invention -- it's hard to envision the making top progress as well. guy: there seems to be some goodwill attached to the name. havenk a lot of people fond memories of shopping. i do think this is a brand that has not conflicted with -- has the actualed with property. vonnie: this is bloomberg markets time for futures in focus. oil is falling as president trump says audi arabia's crown prince denies his kingdom's involvement w

vonnie: i'm vonnie quinn. this is bloomberg markets.k at some of the biggest business stories in the news right now. thew research report says parent of snapchat is quickly running out of money. analyst says snap may need to raise capital by the middle of next year. he predict the company will lose more than $1.5 billion in 2019 while it rebuilds its user base. daimler is working with its biggest investors to start the ride-hailing and car sharing service in china. bloomberg has learned that daimler is in talks to set up a joint venture. the project would take on the industry leader in china. the ceo of the british insurer aviva is stepping down. mark wilson reshaped the company over the last five years through asset sales and deals. shares on the company flat over the last 20 years. that's your business flash. back to the headline that is crossing right now. president trump saying in the oval office that nikki haley will be leaving at the end of the year. her."te to you -- lose she is the u.s. ambassador to the united nations. let's ge

vonnie quinn? vonnie: here is another interesting one, guy.tioned it -- moody's --ease it could be upgraded. you can see there have been outflows all through the past several months. look how much they shot up. you can see that on the bloomberg chart. it may not be too late for you. guy: it may not be too late. -- sebastian has done a number of things today, which is talking about crude. he has to go around all afternoon to make a chart available to us. and he tells me it is dan's chart, his favorite chart. of one of by virtue those points, is the winner today. this is bloomberg. the s&p is on a -- moving average. good afternoon, good morning. i'm off to join jon ferro on bloomberg radio. this is bloomberg. ♪ ♪ guy: live from london, still, i'm guy johnson. vonnie: and from new york, i'm vonnie quinn. this is the european close on "bloomberg markets." we just saw mike pompeo climbing the stairs to the airplane. he is heading to riyadh, speaking with king salman, who had a 20 minute conversation, expressing absolute denial at events regarding t

vonnie: i am vonnie quinn. this is bloomberg markets.: urdu one is not apparently buying the saudi version of the death of khashoggi. it was a result of a thoroughly planned plot. meanwhile, this is what happened. the big spike up you can see, in the early hours of the london morning, it was caused by the speech delivered by president erdogan one didn't come up -- with anything new in the rally. succumbing to the force of the towardures draghi slower the back end of the session. the kind of suspect he is watching -- walking a tight line. the surprise this morning may be what goethe one did not deliver, any sort of new evidence. there was suspicion he would deliver one. tight line with managing the relationship particularly with the united states. >> absolutely. the expectation was there could be a bombshell resident -- revelation are that did not come through. two key takeaways, one is the narrative as to what exactly happened the day the saudi journalist, the turkish version insists this was a savage killing, planned in advance. the sau

vonnie: from new york, i am vonnie quinn. shares hit off lows.ivery units slumped partially due to the global trade spot. atlanta, andom interview you would see first -- what investors want to see in terms of margins, they were not particularly this court appeared >> esp or good morning to you and guy. the first thing to look at here, overall, we made this consensus -- consensus number. international and why we saw surprised headwinds from emerging-market currencies and we were able to offset that here we recognize places in the emerging markets like turkey reside big reduction in value, as well as some other emerging with something they were not expecting, we also put initiatives in place and expected it next quarter. we will see a solid improvement act to profitability. we think international business is strong. it allows for us to continue to grow throughout the world. residentialmber of deliveries, how do you do that profitably? >> in the third quarter sequentially, we saw improvement from the beginning of the year until where we are now. 5 m

vonnie quinn. guy: welcome to "numbers markets -- "bloomberg markets." ♪ here in the u.s., theets are rising -- european stock that we're seeing economic data. >> we do indeed. the manufacturing services index coming in versus the estimate, 58.5, anything above tells us the economy is growing. index, thevices influence on the markets, not too much. modest gains going in. non-mixed dayrst we had this week. the dow hitting a new all-time high. on theook at the chart dow. while the nasdaq has been feeding each day in the s&p 500 lower each day, look at the dow in the last five days, up and hitting an all-time high. the nafta deal helping a large-cap index, small-cap names toward high-quality u.s. names. for each of the major averages. apple up 1.3% hitting an all-time high. tradinghave boeing higher and helping out the dow. those are often seen as product so the factsions, that we have a nafta deal in place helping to give a boost to some of these, up 1% as well, really a piece of the dow story on the

i'm vonnie quinn. welcome to "bloomberg markets." ♪ vonnie: from bloomberg world headquarters in new york, here are the stories on the bloomberg and around the world. markets catching up with a global equities selloff. the pboc has cut reserve ratio requirements once again. kavanaugh confirmed. how will the new supreme court justice defined himself and win the trust of his eight colleagues? to whatl gas is soaring is behind its biggest rise in 10 months? all of that this hour. lots more. abigail doolittle is with us. halfway into the trading day. abigail: we are. if we take a look at the major averages, we have significant declines. a continuation of what we had last thursday and friday. a three-day decline for the major averages. take a look at the dow, s&p 500, and the nasdaq. the nasdaq underperforming, down 1.6%. on pace for its worst three days since march. that was a time of initial fears around facebook while we also had fears around rising rates. back then, the 10 year yield popping above 3%, p

this is bloomberg. ♪ ♪ vonnie: from new york, i am vonnie quinn.s is the european close on "bloomberg markets." president trump says it looks like jamal khashoggi is likely dead. he also warned saudi arabia of severe consequences for the killing. all of this is putting pressure on the crown prince to provide answers. we are joined by the bloomberg opinion columnist. if presented with credible evidence jamal khashoggi was killed inside the saudi arabia consulate, is there a moral policy andfor u.s. corporations to a strange themselves -- estrange themselves from saudi arabia? >> i think the argument is very strong for anybody who knew jamal as i did to react very strongly to the murder of a friend. i think that is having a big effect on the public debate. at the same time, it is crucially important to remember foreign policy has to be made on the basis of moral and practical considerations that go beyond one individual. i think we need to keep a balanced perspective on both things. vonnie: who does the president was into? on one hand, people are say

vonnie quinn wins.nie are some amazing charts on the bloomberg and you can pop them all out. they are all there. this is bloomberg. ♪ ♪ time for the stock of the hour. today is dance go bank at of copenhagen, very much under pressure -- dance go bank -- dansko bank, very much under pressure. u.s. authorities are investigating a money laundering case. we have a series of criminal investigations taking place. hey have toppled the ceo of -- you continue to see more difficulty surrounding what has been going on. later on, nejra cehic spoke with the danish financial supervisor. >> the bank is solid, generally exceptionally well managed. here,ea we have looked at i would not see any likelihood of massive changes in relation to retailer customers. obviously, there will be some, but danske is not the only bank that has it -- had issues with money laundering. guy: you can use this for any stock and it shows you one of the key metrics surrounding stocks like this. 52 week high, 52 week low. low.e at the 52 week t

erin quinn is his former fiance. quinn's attorney says he expects more unusual behavior from mueller. >> this is to be expected. this guy is going to manipulate as much as he can. he's shouting in a hurricane. he's made millions of statements that implicate himself. >> the story made national news after the story was discovered to be a hoax. >>> after a body camera started smoking and caught fire, the oakland police department is being cautious as they use the same camera. laura anthony is live at oakland police headquarters tonight to explain. >> reporter: a large number of the body cameras used here in oakland are the same model that exploded in new york. so it would be challenging to remove all of them from service. that said, i'm told the chief here is ready to do that, if necessary. the explosion of a body worn camera on the east coast has at least one bay area police agency taking a second look at their use of the camera, the same make and model that caught fire in new york. >> we have several hundred of those

. >> roger boyar and his family can't wait for justice for his son, quinn boyar. the 34-year-old santa clara county paramedic was shot in the oakland hills during an attempted carjacking in 2013. tonight the trial of the alleged triggerman, christian burton is about to go to the jury. >> it will make me feel better that he could never do this to another person. that would make me feel better. >> burton was just 16 when he and five other teens allegedly tried to carjack boyey. when boyer drive away, burton fired a single shot hitting boyer in the head. sending his car crashing down a hill where he died. the teens then went shopping at macy's. >> part of me understands that no matter what happens, i don't get quinn back. >> quinn's wife can't move on until everyone involved is held accountable. but burton's attorney argues he wasn't the shooter and claims police pressured the teen to falsely confess. the boyeres don't buy it. >> today we've never heard him say i'm sorry. we've never heard him say he has a concept of understanding what he took from us. >> reporter: c

vonnie: from new york, i'm vonnie quinn. best day, the shares at least, in more than a decade. this after results indicated that the turnaround plan is finally working. kailey leinz has more. i was genuinely surprised. the shares got rewarded that much for a good quarterly performance? >> it is because the turnaround has been long-awaited. management said the strategies would pay off and the results are showing that maybe that is the case. revenue beat $1.4 billion, above estimates. epsthe company listed forecast this year, the fourth straight quarter that they have gained on results. but a bigger jump today than in previous quarters. it is because a lot of the strategies, for example, reducing inventory. we have a chart we can show you, growth has been in the double digits, but they have been cutting about 40% of their products and sales focusing on the high sellers. so producing the glut that was making them have to do discounting, for example, and that was weighing on growth. the company also cutting costs. they announced

i'm vonnie quinn. welcome to "bloomberg markets." ♪ vonnie: from bloomberg world headquarters in new york, here are the top stories on the bloomberg and around the world. incks slump u.s. equities the red with the dow tumbling as much as 548 points at one point. treasuries, gold, and en rallying on rising demand for haven assets. caterpillar in the crosshairs. shares down 10% earlier on earnings. that was the biggest equine in a decade. midterms.down to the just two weeks to election day, democrats are concerned who is getting millennials and hispanics to the polls. we will be in d.c. for the latest. let's get to abigail doolittle halfway into the trading day. abigail: we are still looking at the kleins. majorback from the averages. we are well off the lows. the lows that each of the major averages have, down 2%. or more. the nasdaq at one point down sharply, 2.6%. there were signs earlier today that the bulls might try to come out of that. they are doing that. trying to battle higher. --we take a look

and i'm vonnie quinn. this is bloomberg markets.y hedge funds have struggled to outperform in an era of easy money. does the selloff and return of volatility change the outlook for the asset class? capital of u.s. solutions at barclays joins us now, following the barclays hedge fund symposium, the annual capital solutions insight event. main message coming from that event? >> we hosted our ninth annual hedge fund symposium, which is for the prime brokerage group that barclays. we had over 600 people in attendance, and some of the key on current market opportunities, but we also touched upon the more structural is facing,industry specifically relating to the hedge fund industry, performance, and on average disappointing returns. with the outlook more optimistic, given we are seeing the return of volatility? in our view, there certainly is some optimism out there. the report took a look at the recent performance trends, and while the equity industry has, on average, outperformed, certainly against the msci world in's 2000, -- since 20

in the prior 12 years of one-party rule with blagojevich, quinn and madigan, we only grew 60,000 jobs. we grow jobs by cutting taxes, not raising them the way mr. pritzker wants to do. we grow jobs by cutting the regulatory burden on our businesses, not putting in more regulation like mr. madigan has done for decades. and the way to fund infrastructure is public/private partnerships, a balanced budget, more money from the federal government, and i've gotten hundreds of millions of dollars from the the federal government to fund be transportation infrastructure -- to fund transportation infrastructure. and what's been crystal clear, i've talked to hundreds of companies around the state who have said, governor, we're here because you won, we're here because you're fighting for us. if mr. pritzker got in and raises taxes as he promised, we're leaving the state. and there'll be a flood of businesses leaving the state and the vehicles miles driving tax -- >> moderator: governor, there's another question for you, james stratton. >> governor, you touched on a question i was going to ask. nea

vallejo police initially thought that huskins and her boyfriend quinn made the whole thing up.mistake that led to a civil claim costing vallejo tax payers over 2-million-dollars. the couple later decided to pursue the additional criminal charges and the solano county the district attorney's office accepted the casesot at the solano county court house in vallejo haaziq madyun (vicki)tonight...a 90-year-old former catholic priest recently named as an accused child sex abuser in the south bay. the former priest is facing multiple counts of child molestation. kron 4's terisa estacio has the details on newly released court documents. .as you can imagine, this is a deeply disturbing case... kron four news obtained the police report and court documents that really spell out the crimes against the once respected catholic church priest (take pkg) this is hernan toro.... he is now facing 6 counts of lewdness with a minor involving two v

it is a point that has been made by david quinn, who writes in the irish catholic, that — and he putsf vaccinations and antibiotics coming onstream, and cutting infant mortality across society. i'm sorry, but david quinn is head of the iona institute, which is basically a very conservative catholic group in ireland. he has a motivation for saying that. he has presented absolutely no evidence whatsoever... but you do accept that that cut infant mortality rate across society would've had an impact in these homes. i don't believe so, because there wasn't an impact in general society in ireland. there was no dramatic fall in the infant mortality rates across the country in ireland over those years. dr lindsey earner—byrne, who's a lecturer in history at university college dublin, said this, and has written about this time period and what was happening — says that tuam, which is the home where 800 babies were found in a mass grave, didn't happen in a vacuum. and she makes the point that every year in the ‘30s and ‘aos the number of deaths of illegitimate children was published. it was know

this is "bloomberg." ♪ vonnie: live from new york, i'm vonnie quinn.his is the european close on bloomberg markets. president trump has unveiled his plan for cutting what medicare plays for many costly drugs. it can lower paid prices. we are joined by a top member of the trump administration to discuss this. joined by alex lazar secretary of the department of health and human services. thank you for joining us -- alec azar, secretary of the department of health and human services. yesterday, we announced a , iny that showed that we one of the most important parts of medicare, they 100 -- pay 180% more than europeans or japanese for the same drugs. that is because the companies are giving these great deals to other countries but we get no discount. plus a market.ce the president came over yesterday and he said that is going to change. we are to use a foreign reference price off these industrialized countries. we're going to get the benefit they're getting. : you used to run a big pharmaceutical company. one of the things you're concerned about is innova

vonnie: and i'm vonnie quinn. this is the european close.e is ticking for italy, the budget draft is due in brussels monday after the atelier parliament voted in favor of a higher deficit target. -- after theavor italian parliament voted in favor of a higher deficit target. talk me through the sequencing. the parliament has approved the draft process. when does brussels see it? >> all coming to crunch time. the deadline will be monday. government has to send a draft plan to the european commission by my -- by midnight on monday. the parliament has approved a fiscal outline, which is preliminary to the budget. the commission will get to see how all ofumbers and this can be financed. guy: does this come down to whether or not brussels believes the growth plan, the growth in?ers they are plugging the restraints on the budget. there are parameters on the debt parameters, the structural deficit. and will come into play there will be the dialogue and possible compromise. guy: read the tea leaves. what are we going to get monday? john: we are going

let's turn to vonnie quinn. vonnie: i'm also doing an oil chart.pens to be an oil reporter. i'm walking into the mouth of the dragon come if you like. it is a very simple chart. shows brent and crude. what it shows over here is that positioning is much stronger in brent than in wti. is partly because it is the global benchmark but that spread potentially investors are anticipating some impact on brent prices than crude in november. you see it pretty widespread in terms of positioning. blue is brent and white is wti. guy: iem going to get in serious trouble -- i am going to get in serious trouble if i don't go with maker. my coanchor. positioned in are the short-term volatility trades is absolutely fascinating. jessica, you will win today. vonnie: no doubt, guy. [laughter] gtv is where you can find all those charts. some really fantastic work that goes into some of these charts. this is bloomberg. ♪ ♪ been speaking with sunk under chair and about in. -- has huge faith in brazil anna bolton. she has huge faith in brazil. >> we had a conversation

vonnie: i'm vonnie quinn. this is the european close on bloomberg markets.: italy's government has submitted its budget to the european union commission which will increase next year's budget deficit to 2.4%. i think twoon has weeks in terms of coming back and making revisions. from gregsome updates viscusi. he's in the italian capital. i would like to start with what's happening in italy. jean-claude juncker seems to have a degree of indignation about the italian budget. he was hinting potentially that actually this italian budget could be reject it. that's a big statement to make when the number is only 2.4%. 2.4% in the french were over 3% for 10 years running without the eu ever doing anything about it. there are differences. italy does have a much larger debt than other countries in europe. 130% of gdp. they do have to have a lower deficit in order to start whittling away at that debt. the italian government argues that the reason the debt has not come down is there has not been growth. they are saying this is the higher deficit in the 2019 budget that

vonnie: in new york, i am vonnie quinn and this is the european close.ime for our latest bloomberg business flash, look at some of the biggest business stories in the news. blackstone pros did -- posted third-quarter profits that beat estimates. private equity was the biggest contributor. goldman sachs is getting deeper into bitcoin. is of its former partners investing in cryptocurrency custodian bit go. that is your latest bloomberg business flash. guy: a quick correction on something i mentioned earlier. i was thinking of the btp-bund spread. 3.67, whichber is as you can see, is rising. you need to take that .43 from that .37 and you wind up with a yield around 3.25 on the spread and that is at the record. we are heading into the close. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how'

vonnie: a new york, i am vonnie quinn and this is the european close on bloomberg markets.uy: let's talk about the railroads, union pacific beating in the third-quarter, with trade demands, and a new precision scheduling strategy. it seems to be working out. good news for the railroad who stocks have been dropping through october. lance fritz is the chairman and president and ceo of union pacific. he joins us now. nice to have you on the program. freight rates look solid come is that sustainable -- solid, is that sustainable? mr. fritz: they do look solid and we think they are sustainable. we experienced good, solid topline growth and that is in a marketplace where a lot of our competitive alternatives, trucks, specifically are constrained. that created a pricing environment that has been pretty favorable recently. of where you see the key metrics going, operating revenue, it is operating as a percentage of revenue, targeting 60 and you brought it down from , how will and change you make the 60% target by what you targeted in 2020? mr. fritz: yes. so pleased you asked about

the left party and the greens and you the that's the constellation i want to see in government again quinn so that's really. what i would like to point out that our political culture interring in as such that the christian democrats and the left talk to each other and address issues in a responsible collegial manner. but this isn't just living democracy this is what he would like people elsewhere and you have a very a for example to accept at the left by. does not mean the end of the world or the outbreak of world com innocently and that we have some good ideas to contribute. dammit cynthia but i would like to end our interview by asking you to complete three sentences so i can send to begins all social democrat left green coalition interring and could be a model for the government at the national level if and when i did to my pa if the three parties really hash out their differences in public debate him draw up a common agenda on the basis of those differences and i don't know inforced toeing the line and building on a plurality of ideas then such a coalition would be an enrichment for al

vonnie: and i am vonnie quinn. the u.s. dollar in focus today. cme, president of futures. -- blue line features. at what point does this stop? >> it is not nonfarm payroll driving it. wages were revised lower. the dollar did not move much on friday. there is some italian drama moving back into the markets, and china devalued the you want by 1%. -- the yuan by 1%. the dollar is showing signs of this, but you will not see signs of that in the index. i do think there is a ceiling speak,nd from the fed their hawkishness did not drive the dollar much higher. vonnie: so given that the bond market is likely to be quieter at the cme, what is driving attention down there? there is no noise behind me this morning. but they are taking the headlines. you have the 10 year hitting up towards three and a quarter. that is putting pressure on equity markets, and as u.s. yields start to rise that is also supporting the dollar. given the fact that yields made the moves they did over the past i am not surprised see the dollar not have as much of a tailwind as you wo

vonnie: and i'm vonnie quinn. this is "bloomberg markets."have been speaking with senior italian government official armando siri, who is saying that italy will need faster growth. >> it won't be an upwards revision. to the contrary, it could be downwards. we expect the budget to have an input on growth with domestic demand. the german spread and a little bit, and you can hear more of that interview later today. it used to be about the best selling electric cars, now the best-selling luxury cars. now the tesla three is one of the best selling sedans in america. they were the top three of the four sedans sold in the united states. that is your bloomberg business flash. breaking news, we mentioned the 10 year yield about to roll over . well, the 30 year yield has hit a record, up 3.269. .hat is its highest in several in fact i want to say it has top 2000 peak. ed its 2000 feet. .- peak just under 30 seconds to go before european markets close for the day. generally, actually trading quite strongly today with a red spot in the middle of just und

number of new investigations of the trump administration and perhaps even an impeachment battle.jack quinncnn legal analyst"i think the president has to feel some degree of confidence that you can utilize those legal abilities in what is a political environment; that you bring to the job some sense of political sensitivity - he's gonna have a lot on his plate at one time."as the head lawyer for the office of the presidency, the white house counsel advises the president and his staff on legal issues surrounding everything from policy to any investigations or subpoenas.a tough position once dramatized on "the west wing"(nats) "order the attorney general to appoint a special prosecutor, not any special prosecutor, the most blood spitting, bartlett- hating republican in the bar. he's going to have an unlimited budget and a staff like an army. the new slogan around here is going to be 'bring it on.'"like the t-v version that may be cipollone's slogan as he's tasked with protecting president trump from any legal reactions or inclinations that could be damaging.jack quinn/ cnn legal analyst"i don