secretary steve mnuchin. i am extremely happy and proud of the gun being done by u.s. secretary steve mnuchin. the fake news likes to write stories to the contrary, kwoeth phony stories or jealous people. but they aren't true. they never like to ask me for a quote because it would kill their story. hmm, that's not what people are saying inside the trump administration. they are blameing mnuchin for the appointment of raising the interest rates and not being more supportive of his trade war threats. he's reportedly wondered aloud with advisers whether trump should have appointed someone else. what's the latest? >> reporter: the president's frustration with treasury secretary steve mnuchin is the latest in a slew the president has reportedly grown dissatisfied with. cnn reported he has grown to lose faith why his homeland secretary kristen nielsen. again, he's wondered whether chief of staff kelly is a good fit. his frustration with the federal reserve and the decision to raise interest rates several times, tha

treasury secretary steven mnuchin.write stories to the contrary quoting phony sources or jealous people. but they aren't true they never like to ask me for a quote, because it will kill their story. "the wall street journal" we should say responded to that over the weekend as well and noted they requested comment from the white house several times in the preparation of their story. so we'll see where that goes on this week in which the president is going to be going to the g20 in argentina where he's going to be negotiating with the chinese. mnuchin, a key player in all of that as well this week and a reminder for the president over the weekend if he was watching the sunday shows, of some of the difficulty he's going to face now with democrats in power up on capitol hill. adam schiff, the incoming presumed leader of the intelligence committee on capitol hill suggesting that the president is not handling the relationship between the united states and saudi arabia appropriately. here's what schiff had to say over the wee

i want now turn it over to secretary mnuchin. -- i will now turn it over to secretary mnuchin. >> todaystates is executing on the final actions to withdraw on the obama administration's fatally flawed iran deal. this morning we will fully impose sanctions on the iranian regime. this is part of a maximum unprecedented economic pressure hasaign the united states -- is waging against the world's largest state sponsor of terror. today we sanctioned more than 700 individuals, entities, aircraft and vessels as part of treasuries -- treasury's largest ever single day action targeting iran. over 300 of those sanctions are new targets. in addition, we are listing hundreds of individuals and entities that were previously sanctioned. these powerful sanctions directly target iran's banking, energy and shipping sectors. the iranian regime has funneled billions of dollars through the islamic revolutionary guard force through the banking sector. today's designation includes 50 iranian banks and their foreign and domestic subsidiaries in connection with iran's regime support for international terrorism

we learned yesterday treasury secretary mnuchin spoke with china. today, chinese premier be k chong said there are ways to resolve the trade disputes with the united states. >> as long as we respect each other's core interest, we will be able to manage differences and disagreements. will expandrts, we our common interest and that will benefit the u.s., china, the world beyond. as long as we respect those concerns, there will be ways we can resolve these disputes. david dollar served with the world bank and his united states representative on financial and economic matters in the u.s. embassy in beijing. he joins us. welcome. good to have you with us. david dollar: it is great to talk to you. david: you heard what he said, as long as we respect each other's core interests, things will be ok. is it possible for the u.s. and china to respect their core interests and not come to blows over trade? david dollar: you have to be careful when you hear the chinese talk about core interests. they have a number of things in mind. united states is not necessaril

, specifically about mnuchin's push to appoint a federal reserve chair who has been raises interest ratespresident trying to shoot it down in a tweet just moments ago saying, in part, quote: i am extremely happy and proud of the job being done by the treasury secretary, steve mnuchin. the fake news likes to write stories to the contrary, quoting phony sources or jealous people, but they are not true. they never like to ask me for a quote, because it would kill the story. one of the many tasks on mnuchin's radar involves dealing with the national debt, something my next guest warns in a new fox news op-ed could be a ticking time bomb thanks to entitlement spending. brad blakeman former deputy assistant to president george w. bush he joins me now. good evening,. >> hi, ed. >> ed: you say a lot of former obama officials who like to point the finger at president trump. they forget an important point that you make a number of people using medicaid right now has exploded the last couple of years. as i recall it has to do with the creation of obamacare. >> right. >> ed: we will cover all these n

mike pompeo and steve mnuchin will have a news conference at 8:30 eastern time this morning the u.s.ted sanctions under a nuclear deal under the president. the trump administration also said it would grant wavers allowing eight countries to continue importing iranian oil oil prices this morning, wti crude is 62.85 did you see the tweet that the president put out of himself with th the game of thrones ande president wrote back, i will defy you it was very game of thronesish. >> it's real and not a made up story. >>> the trade news despite the escalating trade dispute, they want to make it clear that they're still open for business. president xi jinping is lodging the import they broaden market access and import more from overseas. not a trade war, a rhetoric war. >> a.mazon has held advanced talks to locate the campus in virginia, crystal city, virginia, just outside of washington discussions will happen about which buildings amazon can occupy a few other cities remain in the mix including toronto, dallas, new york city, and austin, texas. a top amazon executive is throwing cold water

steve mnuchin. , mike. steve mnuchin. steve, thank you very much. wilbur ross. alex acosta.whittaker. ben carson. betsy devos. administrator linda mcmahon. ambassador lighthizer. and acting administrator who i will tell you is going to be made permanent, he's done a fantastic job, i want to congratulate him, e.p.a. andrew wheeler. congratulations andrew, great job. thank you very much. [applause] thank you as well to senator amy klobuchar for being here. where is amy, by the way? where is amy? for five decades i have to say the presidential medal of freedom has been given to individuals who have made outstanding contributions to american life and culture. this year it is my true privilege to award this honor to seven extraordinary americans. senator orrin hatch, the late, great justice antonin scalia, miriam adelson. roger staubach. allen paige and two more recipients who are no longer with us, but whose legacies will live on forever, legendary babe ruth, legendary elvis presley. true legends. the first recipient is one of the longest-serving senators in american history a g

steve mnuchin. you're a china hand. i'm a political hand. and i just -- it's really straightforward. look who was conciliatory with the chinese and the trade talks leading up to what was the president's decision if they're going to ignore him, you know, mnuchin wasn't exactly direct and clear. he was a little ambiguous in his discussions with the chinese. and the result was they didn't do a damn thing because they didn't think the president was serious. that's goldman sachs style. >> i tell the story in "hundred year marathon" of 1993 when bill clinton started out really against china and nancy pelosi was with him, half of the congress, both houses really started legislation against china. but the chinese split the cabinet and they brought the treasury secretary, robert ruben, brought them over -- lou: did you say goldman sachs again? i'm sorry. >> in this case it was citi corp. >> it was citi corp afterwards. it was also the ceo of goldman sachs. you don't want to miss a goldman sachs opportunity l

the only person who looks pleasant is steve mnuchin. >> w you wonder if a way, she seems stern as well as does the president's facial expression. they are aware of what it means to be seen here with crown prince mohammad bin salman. >> i think they are. >> i think as you point out, mnuchin seems to be the only one enjoying himself with a smile on his face. trump seems to be talking to ivanka and kind of avoiding direct contact and face-to-face contact with mbs. we are not seeing the whole thing play out. i'm sure it was pretty uncomfortable. >> it's pretty outrageous to see mnuchin there smiling and laughing and sort of yucking it up and ivanka trump. >> one of his reflexes is to smile. he may be a nervous smiler. it's not okay. you need to be cognizant of what you are projecting. >> i get your point, but this this issage interesting conference. they know there are cameras right there. there is an intelligence assessment that the president and the administration kept from congress. they are not allowing the intelligence community to brief members of congress as to what the cia's assess

. >> the president just tweeted about a member of his cabinet, steve mnuchin saying i am happy of the done by steve mnuchin but fake news likes to write stories to the contrary, quoting forney -- phony sources are jealous people. they never ask me for a quote because it would kill their story. we had these from brett talking about comings and goings from the cabinet so what about this? >> the president doesn't hold to one view on many issues but we come up to this g 20 summit, it is an alliance that the possibility to deal with at last in the market. >> this raises the problem that if he tries to get rid of people and looks to replace them, who would really want to be in a position that is so unstable you never know what is coming in next. >> and fighting on the china side. steve mnuchin is leading toward a deal as opposed to the bob lighthouses are more hawkish when it comes to china trade. >> winners and losers. >> two of close friends of mine and my goddaughter, their daughter vivian. i don't have kids but i do my best with her and as luther of the week it is a hard-line brexiters,

president donald trump is reportedly unhappy with treasury secretary steven mnuchin.ding mnuchin responsible for the appointment of federal reserve chairman jerome powell who continues to raise interest rates. trump is reportedly concerned that the fed's rate hikes could lead to an economic downturn as a 2020 re-election campaign approaches. >>> president trump denied "the wall street journal's" report saying he is, quote, extremely happy with mnuchin's job in a tweet he described as fake news >> the irony here, julianna, is of course this is not the first time that president trump has directed criticism of the fed. we've heard from him the last couple of months he's been very vocal about his view of the fed's rate hikes not so happy with the impact that's having on the stock market with the most recent stock market volatility, he is looking at this and saying perhaps some of this is not on the back of our trade policies, tariffs, it's on the back of the fed. you need a culprit some of the political information, people are getting dovish it's more or less a given that

he said i am extremely happy and proud of the job being done by steve mnuchin. but fake news likes to write stories to the contrary courting funny sources or jealous people. but they are not true. they never liked asked me for a quote - because it would kill their story. the president said he planned on interviewing some folks for a couple or a few positions in his administration. but he did not elaborate as to which positions he was interviewing for. jon: more intrigue ahead. thank you. a major development in the russia probe as jerome corsi, an associate of rajasthan and longtime alley of the president says he's discussing a possible plea deal with special counsel robert mueller. here is a former deputy assistant attorney general bob driscoll and what this could mean for the mueller investigation. >> it does seem like it is coming down to the end come the top would be donald trump he submitted his questions, it looks like it should be winding up and no one -- absent this all along, unless we see more than we have seen publicly. there's always a chance for some

everybody in the white house about this chinese phrase -- [speaking changes ] i would like steve mnuchingo public and come dem the chinese for technology theft. be tough on them. i would like to see peter navarro be positive that they're getting into a deal. charles: isn't that one of the rubs right now? hey, it is not even about the actual deal as much as saving face? wouldn't that make it tougher for them to save face if indeed on the eve of this meeting we start to rub this in their face? >> no i think pressure is still important on china. like i said they like the last-minute deals, maybe something struck at became knows ares itself. to get there we let up on the pressure. our friend see our friend steve mnuchin say something tough will help a let. >> i understand the psychology. if we get beyond the simple framework. i think we'll get a deal one way or the other. we always appreciate it. >> that is the phrase. [speaking chinese] charles: i will work on it, i have nothing else it do this weekend. >> thanks a lot. charles: later in the show we'll talk about boring, you know, how about

treasury secretary steven mnuchin. the fake news likes to write stories to the contrary, quoting phony sources or jealous people, but they aren't true. they never like to ask me for a quote, because it would kill their story and now some say way more heavily on the market is the trade dispute between china and the united states. those tariffs and according to the wall street journal mnuchin has been on the side of coming up with a quick compromise something that has drawn the president and one last thing, david the president speaking on thanksgiving said that he is interviewing some folks for a couple, maybe a few positions though he did not name which positions in his cabinet he's interviewing for. david: the president knows how to throw out a good tease, that's one of his hallmarks brian good to see you glad you have to be anywhere on thanksgiving your in nice warm weather good to see you. well record number of shoppers showing there is some good, coming out of the economy, despite investors fears. let's talk about t

. >> and the president just tweeted about a member of his cabinet, steve mnuchin, "fake news likes toor the contrary quoting funny stories from jealous people, they never like to ask me for a court because it would kill their story." we've asked about comings and goings, what about this? >> the president doesn't necessarily hold to one view, as we come to this g20 summit with the chinese, it's obviously an alliance of some kind of framework deal that won't last but perhaps with the markets. >> this raises the problem that if he tries to get rid of people and looks to replace them who would really want to be in a position where it's so unstable and you can never know what's coming next? >> there's infighting on the china side, steve mnuchin has been leading toward a deal as opposed to peter navarro and bob lighthouse or who was much more hawkish. >> mike: winners and losers. >> my winner is my goddaughter who is on the screen. i don't have kids yet but i give my best with her. as a loser of the week, it's the hard-line brexit people who were confident they would overthrow theresa may b

do you want me to listen to secretary mnuchin or peter navarro? thehat play out president ultimately decided to listen to peter navarro with imposing those tariffs. you will see it again as we lead into the g20. vonnie: thanks to kevin cirilli on capitol hill. let's get a quick check on u.s. markets now. here is the picture for the dow selling more than 4/10 of 1%, the leading laggard is boeing in the dow. the s&p 500 is up. we have the nasdaq up higher. this is bloomberg. ♪ guy: live from london, i'm guy johnson. lower as ites are swung to a loss. bloomberg senior reporter joins us now and the ceo of kronos. >> let's start with this. today,teresting numbers volume is up 230%, unified legalization in canada, no more jeff sessions yet the stock is down 30% in a month. when do these trade properly? >> i think what you are seeing is, it is a very new industry that is evolving and we think each quarter we are getting more and more information and it's easier for investors to model. there are so many developments understanding the market, when those co

mnuchin. right now, king dollar, we're attracting money all over the world.conomy. we're crushing it right now. china is in a slump. the eu is slumping so, they're coming to where the returns are best and the most hospitalitiable environment. >> larry, with the democratic control of the house right now, obviously, a lot of the talk is stalled about feasible tax cut, things like that what is the economic agenda on a going forward basis that is practically possible >> well, look, the president has said that he is more than willing to discuss, negotiate, talk to ms. pelosi, if she becomes the speaker and so forth, he is willing to reach across the aisle. on the other hand, if they're more belligerent, he will fight back he was clear about that in the press conference last week regarding our policy goals, we will be looking at additional tax reform, 2.0 if you will. there are other things we are noodling inside the administration, working with the house and the senate the senate by the way is a very powerful body, so they're not going to let our tax cuts, deregul

the journal reports that he's blaming mnuchin of powell as federal reserve chairman.resident trump says that he thinks that powell a raising the interest rates too quickly, that they're slowing down growth and spending. on wednesday, fred chairman powell is due to speak and they will be all ears if another hike is expected. since powell took office the fed has raisin interest rates three times from 1.5% in march to 2.75% now in september. and the higher interest rates makes it more expensive to borrow money and affecting spending. last night the president tweeted about the journal's article and he said, it's not true. quote, i am extremely happy and the job being done by u.s. treasury secretary steven ma mnuchin, the fake news likes to write stories to the contrary quoting phony sources or jealous people, but they aren't true. they never like to ask me if a quote because it would kill the story. ab cabinet positions, we don't know which ones, there could be a couple, a few, he's always good at leaving a teaser. meanwhile, there's more and more conversation about the 6

follow-up came last friday when steven mnuchin talked with his chinese counterpart.ing they here in washington at the think tank. was talking about there not being any trust with china. was railing against wall street anchors for getting involved in the talks in what was seen as a swipe at steven mnuchin and larry kudlow and larry kudlow came out and took a swipe at your navarro for those comments saying they were a disservice to the president. so we are setting up for a big important meeting in buenos aires. this is a white house that is still divided on where to go with china and it is not clear that china is ready to give the big structural concessions this white house has in pushing for. you. guest -- thank you. as next guest serving obama's secretary of commerce. he is founder and managing partner at bridge park advisors. we welcome stefan selig. sean was just telling us about how we are getting mixed messages from the white house. we heard mr. navarro saying that no one under -- no one else other than president trump and lighthizer could be negotiating with bei

we had a big announcement this mike pompeo and steve mnuchin about iranian sanctions. is the u.s. pulling back by giving waivers? >> that has been the criticism pompeo,ht of secretary particularly john bolton, who washed his hands of this thing and said he did not want to participate in the rollouts of the sanctions. from the perspective of the state department, they are trying to thread a needle. they want to constrain iran and tonight revenue, but they do not want a spike in oil prices, particularly with the midterms just a day away. they have said they have been able to achieve that. the price of oil is steady and continues to fall from where it was in may. they say that is giving them the advantage and the momentum. looking ahead 180 days, when these oil waivers have to be reviewed, they say they will expect additional cuts. david: under president obama there were restrictions on iranian oil yet they got renewed automatically. is a thought they will taper down cannot be an automatic renewal? ck: that is the big question we are trying to answer. the administration has been fake

thank you as well to jared kushner, secretary of state mike pompeo, secretary of the reasury steve mnuchin, and irector larry kudlow for their hard work and untiring devotion throughout the negotiation process. peter navarro, thank you for the work you have put in. and so many others. the usmca is the largest and most significant modern and balanced trade agreement in history. all of our countries will benefit greatly. it is probably the largest trade deal ever made also. in the united states the new trade pact will support high-praying manufacturing jobs and promote greater access for american exports across the range of sectors, including our farming, manufacturing, and service industries. as part of our agreement, the united states will be able to lock in our market access to canada and mexico and greatly expand our agricultural exports, something we have been wanting to do for many years. this is an amazing deal for our farmers and also allows them to use cutting-edge, biotechnology. our nations have also agreed to innovate new measures to ensure fair competition and promote high wages

also important to note that there is a delicate balance, and talks about secretary mnuchin talking with bond dealers, saying would you rather see federate hikes or rather see them slow down on their tightening policy. where they are buying backboneds, i think -- back the bonds, there a duel threat hooping. the fed is a precarious position, they are tightening policies in bond buying program and raising rates. >> i think what is important, is you want the fed to raise. that is a sign of a strong economy. yes, we're thinking maybe fed should slowdown, but, you want the fed to raise, that signals a strong economy. >> you also' a continuing strong economy. and wild talk later in -- we'll talk later in program about housing, this sector has been walloped by other factors including the rising prices of housing and also rising rates, it has an impact which was quickly of deng evident. david: was that impact an over shoot? this 600 point gain come down? >> i don't think it was an over shoot, it was a mia culpa from the chairman to the stock market, saying, what i said off the cuff, in a informa

tone, slowing the pace in 2019 would be bullish for stocks who knows, the talks right now between mnuchinnd his chinese counterpart could set a nice tone for stocks. if we see that we see a huge comeback that's why you don't pull out right now because the headlines are bad, it feels bad, and it does feel bad. right now i think the u.s. strong economy keeps the bull case intact. >> you just said it, you think about the president's semi criticism of the fed. even if the fed wanted to not raise rates in december, maybe now to your point they have to simply because they look like if they don't, that they are caving to the president, even if they actually really did change their mind >> what a shock the president might say something that comes back to haunt him. he's done the same thing with opec telling them, hey, we need you to increase production nobody wants to look like they're giving in to the president's rhetoric the same thing with the china tariff story he's done a lot of great things for the stock market, especially with the tax cuts, the rollback of regulations, it's the top line ta

vonnie: breaking news, the secretary of state and steve mnuchin have been talking to reporters on sanctionsan, oil imports,d ue to go back into effect on monday. we there was likely going to be -- knew there would likely be eight countries wave from excluding imports entirely, but we do not know which eight countries. we know that some of them are likely to include japan, india and south korea. richard pompeo said, he expects iran's imports will go down by one million barrels. that is even before the sections go into effect. he says negotiations on the countries are still ongoing. the main headline here is that exports from iran will go down by one million barrels. that is pretty significant. the obama administration reached 1.2 million barrel removal from iran. the price of oil now trading lower, but it is improving from earlier this morning. 53.68, pretty much as expected, guy. guy: is get to first word news. kailey leinz. kailey: hiring in the u.s. rebounded last month with a gain in payrolls that was more than forecast. the figures from the labor department showed that georgia 50,000 jo

secretary steve mnuchin.d of the gun being done by u.s. secretary steve mnuchin. the fake news likes to write stories to the contrary, kwoeth phony stories or jealous people. but they aren't true. they never like to ask me for a quote because it would kill their story. hmm, that's not what people are saying inside the trump

briefed on a recent conversation between mnuchin and his chinese counterpart, tells the "wall streetting on holding talks before making a formal negotiations can actually begin. >>> turning now to the latest into the investigation into the murder of wars mall khashoggi, turkish leader erdogan says anchora has turned over recordings to germany, france, and britain. france's foreign minister said on monday that he was not aware of his country being in possession of the recordings and justin trudeau has given his officials the recordings, as well, and officials have listened to to them. trudeau add he has not personally listened to them. president trump last month cast doubt on the existence of those tapes. >> this comes as the "new york times" reports that shortly after khashoggi was murdered, a member of the purported 15-person kill team told a superior to , quote, tell your body that's the, quote, deed was done. officials reportedly believe the boss is minute salaman. meanwhile, the trump administration announced last late week that the united states is no longer providing fueling fo

last week steve mnuchin announced iran had developed an iran-russian network to send oil to syria. this is used to fund terrorist organizations like hezbollah and hamas. the undersecretary for terrorism and financial intelligence explained, quote, the iranian regime continues to prioritize spending on money to foment terror over supporting its own people. president trump has made correct decisions to impose sanctions on individuals related to this scheme as he continues to fulfill promises made, promises kept. in conclusion, god bless our troops and we will never forget september 11 and the global war on terrorism. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from arkansas seek recognition? >> i ask unanimous consent to address the house for one minute and to revise and extend. the speaker pro tempore: without objection, the gentleman is recognized for one minute. >> thank you, mr. speaker. i rise today to honor the 50th wedding anniversary of my good friends, woody and linda, who people who are true examples of commitment to the covenant

kudlow says trump and president xi of china will talk trade at the g20 while treasury secretary steve mnuchin and the chinese vice premier already resumed discussions about a possible trade deal. that would obviously ease trade tensions. to break it down, money map press chief technical strategist, d.r. barton. lindsey bell, janney montgomery scott chief investment strategist, march luschini. mark, let me start with you. a week or so larry kudlow talked about there was no talks, the chinese have been unresponsive, the market was down a lot more than it is up today. is there just more skepticism setting? what is going on? >> charles, i think it is. it was less than a week ago you had both larry kudlow and president trump stating die met particularly opposed statements whether trade talks were occurring. there is a very amount of skepticism. a show me situation with regard to trade. we've been teased before by discussions that ultimately lead to nothing f we get resolution around trade, subsequent to the discussions or president trump meeting with president xi in buenos aires i think the 150 po

the auction block coming up with treasury secretary steve mnuchin. the treasury set a record for issuance levels. this is "bloomberg real yield." ♪ jonathan: i am jonathan ferro. this is "bloomberg real yield." the u.s. treasury releasing its funding plan and more treasuries are coming. that sales last -- a ballooning budget shortfall. issuance to $83 billion. u.s. corporate bond issuers have their worst month. sales totaling $4.3 billion. it failed to drum up much interest. this is the first time this is happened for a deal since september. hainesville failed to attract enough demand. still with me is andrew chorlton , nick wadhams --noelle corum and thomas atteberry. we are seeing a little bit of a breakdown or something to be concerned about? noelle: it is not quite something to be concerned about just yet. as i said earlier, we expect 2.8 into the first half of next year. the second half a little more uncertain but the thing that we are really trying to always go back to is growth is healthy. geton't need 3% growth to companies to be healthy. tha

having said that, mike pompeo and steve mnuchin mentioned that a jurisdictions -- this is what -- eight jurisdictions are getting waivers. there is reporting that they are iraq, turkey and south korea. they are getting waivers and trying to do oil trays with iran. the money that iran would get from this has to be imposed in a specific bank account. phil: the u.s. midterm elections are on tuesday, november 6. the time seems more than coincidental. >> yes. of course, this can be alleged that the timing is geared toward midterm elections coming to us on tuesday, the sixth. that is right. we can't prove this but of course there is a benefit for the president and for donald trump and for the republicans. if they can show that they are keeping a promise and the promise was to leave the e iran nuclear deal and to reimpose the sanctions, this is a day before the midterm elections. they are doing a fair bit for the clientele and all people who are convinced to elect republicans in the midterm elections. phil: thank you. the president is having a busy day. he said the army could fire on migrants

>> right, maybe ma is mnuchin or kudlow i mean look - >> i think he believes it without a doubt and knowing him a bit through the years and having spoken to him for years >> vice president pence is talking for more than trade, that's the bigger issue. it is not intellectual property. it is the suppression of muslims which he has said clearly and something that has to change i think the whole 5,000 year campaign, what it is missing is that we respected that china have been in business. they don't think regime is legit. it is really interesting they just consider these guys soviet union and they don't want trade. >> you sound fairly negative >> i am not saying -- >> it is wwho knows what the assumption for the markets that this will continue certainly into next year or a long period of time seems to be sinking. >> do you think if the democrats win, will it matter? they seem to be more in line in some ways or more of the republicans on this issue, right? >> we have a synchronized global economy except for synchronized down that's a big theme this week chevron said it was a great quarter and ex

so the regime is going to continue to be squeeze in on the financial side, secretary mnuchin has beensuccessful in designating banks and designating the 700 iranian entities and access to the global financial system. >> harris: that is fascinating to me because now the question becomes with all that in place, does is bring them back the negotiating table or not? >> is an open question, they are always defined until the day before they decide to come back. we've seen that in the past. the strategy for now may be to count on their hope that president trump is a one term president and wait him out for two years in the vacated president in the white house in 2021 a takes america back into the deal and willing to be as tough. is that is a strategy, the question is can they make it over two years and what happens if they're wrong and president trump has six years to impose maximum pressure? that may be a very difficult strategy to maintain. >> harris: always thought it's hard to go back to what previously was there with any government. so if there waiting out our politics, that seems like a

steve mnuchin.d trump -- likes the tension. >> i question the quote unpaid. [laughter] goldman made, i think, $600 million doing that malaysian bond offering. i wish i could be a globalist banker, i'd like to state that for the record. i also think this mercantilism 2.0 isn't as dangerous as the pre-adam smith fear mongering. i originally thought that too, but i don't think it's going in a direction that's going to cause some crazy depression thing. i think it's an excuse to have revenues. it's basically a vat system where we might have it permanently, but at a low level because it's the only acceptable way to raise revenues anymore for government anywhere. oh, yeah, the other guy, we're going to make mexico pay for the wall. it's very politically popular to raise money from another country. and maybe et doesn't go away as long as it opportunity lead to major disruptions any more than we already have disruptions in global trade where they move cars around and assemble them in other places. if it's n

coming up, the auction block coming up with treasury secretary steve mnuchin. and the u.s. treasury set a record for issuance levels. a big slate of auctions coming up next week. this is "bloomberg real yield." ♪ i'm jonathan ferro. this is "bloomberg real yield." the u.s. treasury releasing its funding plan and more treasuries are coming. debt sales will surpass levels last seen during the financial crisis. a ballooning budget shortfall, issuance to $83 billion. u.s. corporate bond issuers have their worst in two months. sales totaling $4.3 billion. corn failed to move from initial prices. this is the first time this is happened for a deal since september. gep hainesville failed to attract enough demand. environmental have also been withdrawn. still with me is andy chorlton, noelle corum and tom atteberry. are we finally seeing a bit of a fracture, or something to be concerned about? noelle: it is not quite something to be concerned about . we think growth is moderating a bit from here. as i said earlier, we expect 2.8 into the first half of next year. the second half a li

steve mnuchin and china's vice president are said to have resumed talks on trade and a potential visito washington is on the card -- on the cards before they meet at the g20. stocks traded lower following a tech lead slump on wall street overnight. the beginning of november seems to be fast evaporating. joining us now is mark cudmore, bloomberg mliv strategist. we have these two forces in the asian trading session and where waiting to see which one wins out, there is the selling around tech and the buying around trade expectation is your for how this ends in the short term? absolutely, the first takeaway is that the era of u.s. performance ended last month. we thought that was the start of the new theme in october. a continuation of that at the moment. chinese stocks traded well in over the last week we have seen chinese stocks the verge what the s&p has done, they have not gone back toward the low of october 19 when the chinese government said they would support the market more aggressively and it looks like the chinese stocks have fallen so far, they have seen so much pain that they

half a million, there's something wrong here and you saw it with pruett, saw it with tom price and mnuchinese folks think these planes and these perks are theirs for the taking and they're not. >> point out the administration seems will be to praise her for taking her private plane occasionally. why i bring up the fact she is worth half a billion. what else could robert mueller have in his back pocket as it looks like the mueller investigation is drawing to a close? an insider joins us next. ♪ ♪ ♪ the united states postal service makes more holiday deliveries to homes than anyone else in the country. ♪ with one notable exception. ♪ should happen everydred five hundred years, right? fact is, there have been twenty-six in the last decade. allstate is adapting. with drones to assess home damage sooner. and if a flying object damages your car, you can snap a photo and get your claim processed in hours, not days. plus, allstate can pay your claim in minutes. now that you know the truth... are you in good hands? >>> russia, if you're listening, i hope you're able to find the 30,000 e-mails that

>> treasury secretary steven mnuchin gets very upset when others in the administration talk about thearticulars of currency manipulation. here's what i can tell you, and i think -- >> wait. so this is a turf war. this is a staff turf war. >> yeah. he views that as his domain. here's what i can tell you. china undervalued its currency and was the worst currency manipulator, it's generally recognized, from about 2003 to about 2014. and when a country undervalues their currency, what that does is -- it makes their exports cheaper and it makes our exports more expensive. >> you don't think they're doing it anymore? >> well, there's more debate about it now, but it's an interesting and important issue. >> what are we doing, from a trade perspective, from your office, or from the administration, to compete with china not just in china, but what about the spheres of influence they are expanding to -- latin america, africa, southeast asia? >> the reality is that we haven't done soft power very well for many, many, many decades. there's an awareness now that we need to do it better, and we're

he plans to give steve mnuchin and wilbur ross.t trump is dissatisfied with them. global news, 24 hours a day, on air and on tictoc on twitter. powered by more than 2700 journalists and analysts in more than 120 countries. i'm taylor riggs. this is bloomberg. tom: i want to bring this to your attention, i've been waiting for citigroup to publish on general motors. he has been hugely informative on the recovery of gm and marginalize tenure there. barra'sbar -- mary tenure there. is missing is understanding the north american sedans were deeply struggling without a recession. he thinks this is usually product based on what we see. that's from citigroup. and now john butler joins us with bloomberg intelligence as cycle, timthe other cook is directly affected by the trade war? john: let's lies the whole risk for apple and it's not good news. chinahones are made in but only 23% of apple's revenue by my calculation could be affected by the tariffs based on the number of iphones they sell in the u.s. to spell out a best case scenario here

. ♪ caroline: not to asia ahead, after a discussion between steve mnuchin and the chinese vice premierna have resumed contact at all levels over trade according to white house economic adviser, larry kudlow. let's bring in shery ahn to break it down. that weis is better the are talking the not talking. does this mean the g20 will mean something and agreements will be set? shery: that is the biggest question for all market investors. anyone watching china and the u.s. -- given the fact that last friday we heard from peter navarro saying no one but president trump and the ambassador to negotiate with beijing puts a little bit of question and out over who really is leading the negotiations coming from the trump administration. romaine: was this the same type of confusion is the last time? shery: secretary mnuchin and ross both had a deal but since president trump put a stop to china saying they want to buy more energy and agricultural goods to stop those u.s. tariffs, really nothing much has happened. caroline: you are educating the earlier to the role navarro has made. shery: he is the h

earlier this year, mr trump's treasury secretary steve mnuchin estimated he was spending half of hislatest, applied against iran, are also some of the oldest. they restore long—standing restrictions on trading oil and obtaining finance, lifted three years ago when iran agreed to restrictions on its nuclear programme. the intention is to change iran's behaviour, its repression of internal critics, its use of proxies like hezbollah to undermine its neighbours. let me ask you first of all, amir, what do we know about what is happening inside of iran? some sanctions were restored six months ago now, when president trump walked away from the iran nuclear deal. have they had an impact on day—to—day life? the us has imposed 35 rounds of sanctions on iran, sincejimmy carter, and 2a of these were imposed by democrats and presidents. ii of them only by 0bama. the defence was that he would impose the sanctions but not implement them. so, he would have his bread buttered on both sides! now we don't know if the trump administration wants to really impose these sanctions and implement them or not.