michael bloomberg, founder and majority owner of bloomberg news parent bloomberg lp, has given money in support of a ban on flavored e-cigarettes and tobacco. senator lindsey graham says he does not expect president trump plus foreign policy to change with the departure of john bolton. the south carolina republican is a member of the senate foreign relations committee. he says the president has a good foreign team around him. afghanistan, the taliban. honored guest inside of afghanistan. ignored whatistory was going on in afghanistan. we had no troops, not an embassy. we might do a peace deal with the tele-man, but they are not there yet. says a democratic senator bolton's firing was part of a familiar pattern with the trump white house. exampleis just another of the president getting rid of anybody who does not agree with him. i clearly did not agree with bolton's hawkish positions, but -- mark: president trump told reporters today that bolton was not getting along with other members of his administration. somber ceremonies are being held to remark the -- to mark the 18th anniversar

to bloomberg's will bloomberg news, part of the climate now coalition, highlighted climate change. p, saudi aramco facing weeks or months after a drone strike on crude production. more on what that means, next. this is bloomberg. ♪ joe: oil searching -- oil surging the most in a decade after an attack on saudi arabia creates concerns about instability. president trump promising to help allies. still, he says the u.s. is no longer directly reliant on middle eastern oil and gas. joining us from washington is ihs market vice-chairman daniel jergen. for joining usch today. iran,h pointing towards nothing is confirmed yet, but that is obviously where a lot of the focus is. a strategic rationale to back such an attack? isiel: in washington, there a lot of conviction that the attack came from iran. i think saudi arabia said they two.take another day or they put the brand of the houthis on it, but either directly or indirectly, clearly iran was involved. the technology was sophisticated quitee execution was considerable. why would they do this? one could be a faction in iran wanting to unde

this is bloomberg. ♪ shery: this is "balance of power" on bloomberg television. i'm shery ahn in new kevin: i'm kevin cirilli in washington, d.c. for bloomberg first word news, we go to ritika gupta. afghanistan is delivering its message to the u.n. general assembly today, this comes as a high-stakes moment in the middle east country. the resultswinning of the presidential election and what follows the recent collapse of peace talks between the u.s. and taliban extremists. negotiations were aimed at ending america's longest war. british prime minister boris johnson is not just funny to get to a brexit deal, he is also battling for his credibility. ofnson faces accusations sexual impropriety. journalistroping a 20 years ago and allegations that he had a sexual relationship with a businesswoman. montana governor steve bullock has declared a state of emergency as the state faces a massive early-season snowstorm. the storm has already dumped up to two feet in some places. global news 24 hours a day, on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in ove

this is bloomberg. ♪ >> breaking news on bloomberg television. now, house speaker nancy pelosi is do to a statement regarding a potential impeachment inquiry into president trump. she has met with democrats this afternoon. more than a dozen democrats have recently called for impeachment of donald trump on reports that president trump asked ukraine's president multiple times to investigate joe biden's son. good afternoon. last tuesday, we observed the anniversary of the adoption of thti

global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. tariffst trump's new has come into effect and it is the latest step up that is hurting the global economy. china promised its own retaliatory. highlighting more weakness in the domestic economy. where are we? we have more proof on both sides of this or that it is turning both economies. what do you expect next? escalation. sharp as he said, we saw the u.s. side putting tariffs on about $110 billion, including things like shoes, textiles and technology components like the apple watch. tariffs willd of be imposed on the 15th, targeting about $160 billion worth of tiny imports. you effectively have all of the imports hit by tariffs. they retaliated one minute after the u.s. imposed their own tariffs. they put their tariffs on soybean, beef, chicken and they could be delaying some for u.s. autos as well imported. that is in terms of september 1 retaliatory tariffs. a lot of people are coming out saying this is terrible news for us. jp morgan coming out and saying thisindividual household

-- and edgerton with bloomberg news. appreciate you joining us for newsmakers this week. >> thank you. >> thank you. the possibility, limited though it may be, of in north korea. second, we should look at and with china, and we should have done it long ago. the reunification of the peninsula under a freely elected government like that in south korea. and third, if you believe and not, that it is unacceptable for north korea to weapons, at some point, military force has to be an option. now, this is obviously the most manyoversial subject, and people say it's just that you would use military force. words me quote to you the ford, thel joe dun chairman of the joint cheeps of staff. done an outstanding job. he said this to the aspen the summereminar in of 2018. on this question of what's unimaginable. he said, but as i've told my counterparts, both friend and foe, it is not unimaginable to have military options to respond korea's nuclear capable. to me isnimaginable allowing the capability to allow nuclear weapons to land i

stephanie baker there, our bloomberg news senior writer. news on the brexit and the suspension of parliament and scottish judges are saying the pro rogation is unlawful and scheduled to go to the supreme court next week. what had broken last week while i was out of town there were judges who handed the victory to boris johnson. i imagine it is only the supreme court to decide overwhether prorogation is unlawful and in the eyes of the supreme court gets reopened but it's quiet for boris johnson after six defeats. joining us is the global head of f.x. strategy. elsa, i'm not sure what you do with the headline that says scottish judges say the prorogation is a muscle and does it have an impact on pound because it could change the outcome or is there so much noise as a currency strategist you look through it? >> at the moment we have more certainty because johnson tried twice to get an early election through parliament and failed twice p. the opposition have basically agreed among themselves until he's forced to ask for an extension they're not

this is "bloomberg." ♪ ♪ >> live from new york, i'm romaine bostick. e from london, i'm guy johnson. this is "bloomberg markets." are nevergators getting market with increased volatility. unique wayest has a investors are allocating. vanguardinniry is with group. obviously you guys are kind of the behemoth on the street. let's start off with this idea about asset allocation. obviously there's been a lot of rotation among equity sectors. a lot of folks have gravitated towards bonds. you are taking more of a passive approach, can you still do those rotations, or is it better to stay where you are and just wait for whatever turmoil plays out? francis: what we've been studying, the cash flow behavior, as you mentioned the opening, for several years. we are in a unique spot because traditionally, we saw flows being momentum based, so think high equity returns, high cash flow to equity, low equity returns. now we are in this giant bull market for stocks, the cash flow is contrarian. a lot of investors are rebalancing their portfolios, sticking to the policy p

shery: live from bloomberg world headquarters in new york, i'm shery ahn. amanda: live in toronto, i'm amanda lang. welcome to "bloomberg markets." shery: here are the top stories we are following from around the world. boris johnson doubling down on his promise to deliver brexit. the u.k. prime minister telling an audience he would rather be dead than delay a split. a risk rally on the heels of fresh trade optimism. the u.s. and china agreed to meet for high-level talks early next month. and another sign of a lukewarm ipo market. wework set to target a public evaluation far below the levels indicated in recent funding rounds. quick check on the major averages. we have a little bit of a risk on appetite today. better news on the trade file, in the form of a meeting next month in washington between the u.s. and china. investors filing back into stocks. you have the broader s&p 500 tracking toward an all-time high, and we have the defensives the only group suffering today. real estate, utilities are weak. financial, industrial, tech, on the upside. tech,ou dri

joining me to talk about all of this is kevin, the chief washington correspondent for bloomberg news.ou for being here. so how is joe biden doing against elizabeth warren, who had the momentum going into this? well, he welcomed the contrast, and you saw before the debate started, he welcoming the opportunity to ask one simple question notjust to senator elizabeth warren but to bernie sanders as well, how are you going to pay for your plan? he must have asked that question several times in the first ten minutes of this third democratic presidential debate. now, elizabeth warren not taking the opportunity to say precisely and a nswer opportunity to say precisely and answer questions directly and quite candidly about whether or not middle—class taxes would go up as a result of medicare for all. senator bernie sanders took a much more aggressive rhetorical approach in trying to really go afterjoe biden. but the bottom line — this was a former vice president tonight, at least in the opening parts of the debate, who welcomed the opportunity to really go head—on against the two progressive s

this is bloomberg. ♪ mark: i am mark crumpton with bloomberg's forced word news. trump campaign -- bloomberg's first word news. former trump campaign manager corey lewandowski says democrats have been doing petty politics. he testified at what the committee has called the first impeachment hearing. lewandowski says investigations of trump have been, in his words, populated by many trump haters who had their own agenda. >> since election day, whether it was bad actors at the fbi or intelligence immunity, or lies from the majority, the american people continue to be sold a false narrative with the purpose of undermining the legitimacy of the 2016 election results. performanceowski's won immediate praise from donald trump, who tweeted, "such a beautiful performance. thank you, corey." israel's election headed for a deadlock with benjamin netanyahu able to easily form a government. they are running neck and neck. netanyahu is seeking a fourth consecutive term in office and fifth overall. he faces a stiff challenge from gantz, whose blue and white party is running even

this is bloomberg. ♪ ♪ romaine: live from new york, i'm romaine bostick. from london, i'm guy johnson. this is "bloomberg markets." let's check those markets out right now. here with the details, emma chandra. emma: another day in the green for global equities. the rest of the u.s. following the european counterparts. the s&p up some 0.2%, headed for its fourth weekly gain. also look to be taking a run at its record high. that closing high set in july earlier this year. we are about 10, 12 points away from that. also looking at oil rising. let's switch of the board because we should be able to show you how oil is performing on a weekly basis, headed for its best week since june. this as tension in the middle east remains elevated, and we are seeing flooding in texas. some argue we should be looking at a higher gain for oil given the severity of those attacks in saudi arabia, but it seems the trade war perhaps still waiting pretty heavily. let's look at a few movers for you. we should be seeing apple higher today as the iphone 11 hit shelves. preorders sugg

stephen engle, bloomberg news, hong kong.r thanks to stephen engle reporting there in hong kong. york, let's getw with sherys expected ahn. this is a big day for china. that think it's possible the protesters will still be disruptive? shery: definitely, as steve mentioned last time when the hong kong government did not the protests, they still showed up. right now there are planned allies for six different stickets of hong kong despite the fact that the hong kong government has banned them. a time when chief executive carey lam will be out hong kong. the ill be in beijing for celebrations. omaine: how big are the celebrations? shery: we're talking around in 000 people taking part some form or another according to state media. in e are expecting to see hong kong the annual flag raising ceremony which is a big year.very this time around they're taking it indoors, this could be nother flash point for protesters. we are going to see fireworks in kong.ng, not in hong they just cancelled those fireworks on the waterfront that year.

this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. from london, i'm guy johnson. this is "bloomberg markets." bonds selling off, stocks definitely bid. let's find out what is going on with have ago doolittle. abigail: let's take a look at global equities. we see a big rally here in the u.s. the s&p 500 and the nasdaq both 0.5% or more -- by 1.5% or more. on tuesday, we had a negative ism print around manufacturing. today, better-than-expected for services. we see the german dax is higher, and the nikkei was up 2.1%. the bigger story could be the move we are seeing for bonds around the world. 2019 been about the big bond rally. not so much i were the last two days -- not so much over the last two days. this is the biggest backup for rates in the u.s., at least for the 10 year yield, going back to 2016. investors feeling a bit more confident now that the services number came in stronger-than-expected. as for the 30 year german bund, it has turned positive briefly, up 12 basis points. it is really pretty extraordinary, so all the concern

this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. 'm guy johnson. this is "bloomberg markets." vonnie: time now for our stock of the hour. credit suisse shares heading higher today before a board decision on who will take the blame for the bank's spying scandal. kailey leinz is here with more. it is almost a transparent game of who is going to be the scapegoat. kailey: it is really interesting. the board is meeting today to decide exactly who is to blame, how they will get punished. that decision is excited to be released overnight. of course, the scandal has played out quite quickly over the past 10 days. a senior banker who was leaving for ubs, they were scared he , and thish clients all started with an arrest made because he made a claim. senior-level involved is in -- senior-level executives are involved in this. the stock is higher today because the board is set to be backing the ceo. several high liver shareholders -- several high-level shareholders expressed support for him, saying it would be really imaging for the stock and s

if you like bloomberg news to -- if you like bloomberg news, check us out on the radio, the app, bloomberg.comand in the u.s. on sirius xm. this is bloomberg. ♪ taylor: it seems the hits keep coming for wework. thursday, the chief product officer is set to depart the company. this comes days after the cofounder said he would step down in order to salvage that ipo. the company has seen a rash of departures of other executives as well in recent weeks, then this comes amid a dash for cash. wework is in talks with goldman sachs and jp morgan about a new $3 billion loan. but there is a catch. it would still mean returning to its biggest investor, softbank. joining us is dan morgan and ellen hewitt, who has been tirelessly covering we work. walk me through this new loan. $3 billion. who gets that new money? ellen: that will come likely from a consortium of banks, and is contingent on equity from a different funder, most likely softbank. the whole thing is this plan that is really being developed as we speak, because there have been so many changes for the company in the last four days. the ceo has s

this is bloomberg. ♪ taylor: tech ipos were in the news this week. ton debuted at nasdaq, dropping nearly 7% after raising $1.6 billion. -- 1.1 $6 billion. 6 billion dollars. bloomberg's jason kelly sat down with ceo john foley shortly after its debut. >> we are playing the long game. we see this as literally building millions and millions of subscribers around the globe in the coming years. now we have the money to do that. we are fully funded after today's primary, so we are feeling confident. >> when you think about the last couple of days and weeks, you mentioned the market. i mean, we work is on everybody's mind. it is a tricky ipo market, to say the least. do you have a sense of where the miscalculation was? if there was one? >> i tell you, jason, this is my eighth fundraiser for peloton. it has always been this funny thing where people either see it or they don't. there are believers and nonbelievers. those who believe, who have invested in peloton, they have been very, very happy, and they -- and we will continue to delight the capital partner

this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. is the european close on "bloomberg markets." let's check in with the bloomberg first word news. here's courtney donohoe. courtney: the hong kong stock exchange has made an unexpected offer for the london stock exchange. the bid could be seen as a potential takeover from china. u.k.'s business secretary tells bloomberg the government will look at anything that has security applications. are antitrust regulators investigating whether amazon is using its market power to hurt competition. a team of federal trade commission investigators began interviewing small businesses that sell products on amazon. bloomberg has learned the interviews suggest the agency is skeptical about amazon's claims shoppers and suppliers have real alternatives. china announced a range of u.s. goods it will exempt from tariffs put in place last year, but it is keeping the pressure on american farmers. it will not be lifting the tariffs on products such as soybeans and pork, placed to retaliate on tariffs placed o

and if you like bloomberg news, check us out on the radio. this is bloomberg. ♪ emily: the imac, the iphone, just some products that became household names thanks to apple. but things are changing as they shift to services. >> we believe this is key to the services business and the opportunity is 100 million consumers in the next 3-4 years. that is the golden goose. iphone is the meat and potatoes, but services are key to growth. emily: we spoke about the shift with none other than steve wozniak. >> we have been able to transition. we started with the name apple computer and as we moved into personal products we dropped the computer from our name. being flexible and being able to shift with the demands of the market is very important for a modern ongoing company. so moving into services, apple is a huge company. apple can only move in directions that will be very large in dollar volume. we have looked into other products like watches. heck, that is about my favorite piece of technology in the world. when apple pay came along, apple took a lot

bloomberg. from toronto and new york, this is bloomberg. ♪ mark: i am mark crumpton with bloomberg's first word is responsible to the weekend attack on saudi oil facilities. an official tells bloomberg the information will be made public within the next 48 hours. the official could not confirm nor don't -- nor deny a cbs news report that the u.s. has identified locations in southern iran in which it believes more than 20 jones and cruise missiles were launched to the saudi energy -- energy minister says 50% of crude oil production cut from the attack has now been restored. in afghanistan, a suicide bomber targeted a campaign rally by their president today. the president was not hurt but at least 24 people were killed and others wounded. killedater, an explosion at least 22. the taliban claimed responsibility for both attacks. the violence comes as afghanistan faces presidential election on september 28. iran is vowing not to negotiate with the u.s. on any level.

a reminder, bloomberg lp, the parent of a bloomberg news and refinitiv refinitiv bloomberg intelligencepetes with and thomson reuters to provide financial news data and information. bid forhave more on the the lse with columbia university's fabio salva dellien the next hour on daybreak asia. he thinks a deal is not likely. this is bloomberg. ♪ ♪ shery: i'm shery ahn in new york alongside paul allen in sydney and bloomberg technology's taylor riggs in san francisco. let's look at the top global tech stories. car sales inric china fell for a second straight months. one of the most durable pillars in the global auto market is crumbling. deliveries avenue energy vehicles declined to 16% from a year earlier to 85,000 units. that follows a 5% fall in july. fell after hours after adjusted first quarter revenue mist at the lowest estimate. income was $9.2 billion, up year on year, below analyst expectations. oracle said the ceo is making -- taking a leave of absence for health-related reasons. ride-hailing rivals uber and lyft gained in the session on news that the governor of california is ope

this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. , i'm guy johnson. this is "bloomberg markets." vonnie: wework pushing back its ipo over concerns about valuation and business prospects. with more is bloomberg's jillian tan. who is calling the shots here? is it softbank? is it adam newman? reporter: we reported last week observantis a very orthodox jew. rosh hashanah, the jewish new year, is next sunday. they would have had to launch the roadshow around yesterday and go public next friday. the timeline was just too tight. the corporate governance changes they made at the end of last week, it takes time to read and -- to reinvigorate investors and get that demand. i think they just came upon a time crunch. the company says they intend to go public by the end of the year, so all eyes are on that. nobody can figure out what this company is really worth. i am wondering what a delay would do to that process. gillian: that is a great question. it is more about getting them comfortable with the governance changes that have occurred. softban

this year could soon come hong kong's way bloomberg news reports that an has a bush embed has revived plans to raise $5000000000.00 for an i.p.o. in hong kong the brewing giant behind brands such as stella artois and u.s. but visors said it's asia.

this year could soon come hong kong's way bloomberg news reports that was a bush embed has revived plans to raise $5000000000.00 for an i.p.o. in hong kong the brewing giant behind brands such as stella artois and u.s. provisos said its asia pacific subsidiary has resumed its application for the listing of a minority stake of its shares on the hong kong stock exchange the move could be a boost for hong kong orse which has recently been battling to win listings by international companies due to political tensions with beijing. now china meanwhile has called on its biggest state firms to take a more active role in hong kong including stepping up investment and asserting more control of companies in the financial help beijing says it's trying to calm months of unrest in the semi autonomous city. at a meeting this week in change in the city bordering hong kong senior executives from nearly $100.00 of china's largest state run companies including oil giant sinopec and conglomerate china merchants group were urged to do their part to help cool china's biggest political crisis in years at the m

. ♪ live from bloomberg world headquarters in new york, i am vonnie quinn. anda: i'm amanda lang in toronto. welcome to bloomberg markets. we are joined by our bloomberg and bnn bloomberg audiences. a collective sigh from the u.s. corn belt. china today says it will exempt purchases of u.s. soybeans, corn, and other products from punitive tariffs. worked.e work re a series of governance changes to calm investor concerns about its impending ipo. wooing jj abrams. is areator of "lost," sought-after talent for tech firms. what it took for warner studios thenk a five-year deal with producer. >> we are setting up to be another positive week, several sessions are grinding higher, although the s&p 500 is trying its best to go into negative territory. still above the 3000 mark. the dow jones up .2%. the nasdaq on chip stacks -- almost 0.2%. we will see where it ends the session. amanda. amanda: a talk this week has been the movie in yields and a coordinated move. take a look at this inside your terminal. you can see the five and the 10 year in the u.s., and also as i

new services. we will hear from the ceo next. this is bloombergor: dropbox is going way beyond filesharing. the san francisco-based company announced new services wednesday, including a new desktop app that functions as a digital hub to let workers collaborate on projects with their colleagues. dropbox out all about spaces. route: it's one of the biggest changes we've ever made. it's our first step toward the smart workspace, a kolmar and more focused working environment. it changes this from being a folder full of isles to an intelligent team workspace for all of your cloud content. becoming this new app that brings these other apps together. it cuts down on the noise and makes it kolmar. taylor: how are you building on current customers? drew: we have built our entire business on collaborating on files, but with the smart workspace, we are going beyond that on a bunch of dimensions. first is supporting every kind of cloud content. you can still have your canrpoint in dropbox, you use others in one place. second is it is a much more engaging expe

bloombergs kailey leinz. up next, congress is about to go -- but notnot but before starting up a hornets nest over impeachment. from newk, this is bloomberg. ♪ beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. >> they are animals. some of the worst human beings you will ever meet. we are in a war. these people are sick. they are afraid to say the press is crooked. we have a dishonest media. i want to know who is the person, the whistleblower -- who gave the whistleblower the information? you know what we use to do in the old days when we were smart with spies andreesen? --and treason? lease to handle them differently. just keep it going. we haven't really rocking. we are looking good for another four years. that was president from speaking at the u.s. mission to the united nations

from bloomberg world headquarters in new york, here are the top stories on the bloomberg and around the world we are following. speaker of the house john bercow stands down by october 31. he has been an important figure in steering the process. we have a roundup of the latest news. new management, same strategy. the new saudi oil minister promises no change to oil policy as the kingdom makes a step toward its ipo dreams. and the former president of guggenheim partners is quietly building a sprawling empire with businesses ranging from insurance to tv to gaming. all of that coming up in next 30 minutes. kailey leinz is with us. still holding onto a gain or two. kailey: we are looking at a mixed equity picture. the s&p and nasdaq turned sharply lower. the s&p is down by .1%. the nasdaq is off by .3%. investors trying to weigh risks with the possibility of easy monetary policy. you still have selling in the bond market. for as. 10-year yield up fourth straight day. you are seeing that in the sector composition as well. that boost in yields is leading financials higher. they are one of the

this year could soon come hong kong's way bloomberg news reports that m has a bush embed has revived plans to raise $5000000000.00 through an i.p.o. in hong kong the brewing giant behind brands such as stella artois and u.s. but visors says it's asia pacific subsidiary has resumed its application for the listing of a minority stake of its shares on the hong kong stock exchange the move could be a boost for.

from new york and toronto, this is bloomberg. ♪ scarlet: this is "bloomberg markets." arlet fu in new york. amanda: i'm amanda lang in toronto. amazon is disclosing its carbon footprint for the first time, so what do we know? the tech giant dominic more than e-commerce. the company created more greenhouse gas initiative then its rivals including target. jeff bezos says that he will commit to power and all of its business operations by renewable sources by 2030 and achieving carbon neutral a decade later. amazon employees today are expected to walk out of work, protesting the company's environmental impact. it will be their first walk out in the company's 25-year history. scarlet: the great climate retreat is beginning with tiny --ps, like tax buyer tax taxpayer buyouts. risk ands most at local officials are just going to wake up to the inevitable catastrophe. here to talk about how the state is handling mass migrations is our reporter from boston. give us a sense of the numbers involved when we talk about the fact that people will have to move away from the shore and mo

bloomberg. live from toronto and new york, this is bloomberg. ♪ to first word news.mp is ramping up his attack on the democrats who is heading the impeachment inquiry. the question is into chairman adam schiff should be arrested for treason. he called the was a blowers account a fraud. in california, a new law will allow collegiate athletes to hire lawyers. this violates existing policy and sets up a legal pad -- challenge that could reshape amateur sports. kevin newsom says the law will allow athletes at california universities to make money from their images, names, or likenesses. the law bans schools from kicking athletes off the team if they get paid. california is the first state to pass such a law. the law takes effect january 1, 2023. boris johnson is not just fighting to get a brexit deal, he is also battling for his credibility. johnson faces allegations of sexual impropriety and plots to oust him. he has been forced to deny he groped a journalist at a lunch 20 years ago.

bloomberg anywhere app. customize your settings so you are only getting news on the industries you care about. ♪ paul: this is daybreak asia. i'm paul allen in sydney. shery: i'm shery ahn in new york. its allies urged members to stick to agreed production cuts but did not discuss deepening those curves. let's bring in our energy reported. what was the biggest take away from the meeting and i would be -- in abu dhabi? >> the biggest take away is that it will be business as usual for opec. they are not make any any changes. they urged folks like iraq and russia to hit their cuts. they haven't quite hit them yet. by hitting those cuts, they could maybe take out 500,000 barrels a day from the market. besides that, there wasn't much movement. no talk of concrete action towards deeper cuts. i'm on oil minister did say they could talk again when they meet in december to deep in the cuts. this comes on the backdrop of the iea putting out a report in the last a saying, we are facing a supply in the market duty u.s. shale production. therefore, there needs to be action from opec plus. it was a bearish

mark: i am mark crumpton with bloomberg's word news.gence committee chairman says the director of national intelligence is refusing to turn over to congress and urgent whistleblower complaint that concerns the president making an unspecified promise to a foreign leader. >> the whole point of the whistleblower statute is to encourage those to report problems, abuses, violations of laws, but also a legal mechanism to do so and not disclose classified information, because there is no other remedy. told reportersft there is an effort to prevent this information from getting to congress, which he describes as an unprecedented departure from law. no giving no details, president trump denied he would ever say something inappropriate on such a call. the remnants of tropical depression in all parts of texas and louisiana with torrential rain today, prompting hundreds of rescues. areaasters in the houston issued a flash flood emergency today for harris county. 3-5 inches ofid rain as possible per hour. the houston mayor had this morning -- >> whe

news of the last hour. stay with us. this is bloomberg. ♪ ♪ tom: lots of breaking news in this hour.up and kathy fisher of bernstein. what a summer it has been. what a 2019. yellow is corrections. the gloom of the bear market, and down in may and august. enjoy trading range in august. is it really a breakout? have we broken out of the august malaise? >> it is shortsighted to say there is a breakout in the short term. there are cyclical trends we are dealing with. no matter what happens with the short-term trade issues, the trade issues are not going away under either party. trade issues are going to be with us for some time. a slowing global economy, lower interest rates for longer. these are things we have to adjust to. there are going to be ups and downs. we should not look for some major change to the market. tom: the bedrock theory is low interest rates, slip the cyclical, meaning i can enjoy it a higher multiple of cash flow earnings on the market. are we going to price in higher multiples because of what draghi and the rest have wrought? >> if interest rates were the only thing

this is bloomberg. ♪ ♪ vonnie: from new york, i'm vonnie quinn. guy: in london, i'm guy johnson. is "bloomberg markets." a quiet start to what is going to be a busy week. going tod out what is happen. emma chandra come over to you. emma: -- emma chandra, over to you. emma: all u.s. equities up. had turned negative, now unchanged. in europe, we are looking at more of a mixed session. -- stoxx 600 down for down 0.4%. let's take a bit of a closer look at a sector by sector basis in the u.s. we are looking at the imap function for the s&p 500. gains being led by financials, energy, and communications. the communications index up by about 1%, its best gain since the end of july, really getting a boost from at&t today. elliott management has taken a $3.2 billion stake in the company, calling the telecoms giant a value creation opportunity, but demanding some big changes, including divestitures, changes to the management board, and some aggressive cost-cutting. we are also looking at energy rising, and that means oil is doing pretty well, today rising for the fourth straight day. we can

joining us now is chief washington correspondent for bloomberg news and national political correspondent for yahoo! news. kevin, to you, you see this campaign trail, the rowdy pictures out of new hampshire. what do you make -- yeah they are really excited. the democratic convention there i covered it before. ate great moment for all the candidates to get to know voters especially in this critical fall kick offthere. you're watching live pictures of mayor pete and his husband on the campaign trail taking it all in. kevin, what do you think the white house is thinking at this point given all the action in new hampshire? what is the psychology in the white house right now? >> i think from the republican perspective they are trying to continue to double down on key crucial states like michigan, wisconsin, ohio and pennsylvania. what you're seeing with the democrats right now is a real palpable sense of momentum and activation on the grassroots side in order for them, whoever is the nominee, for them to try to seize upon in a general election. the question for mayor pete buttigieg will be whe

this is "bloomberg." ♪ taylor: i am taylor riggs in new york. tom keene is off today. u.s. and china will resume face-to-face trade negotiations next month, but there is still skepticism on both sides that any substantive progress can be made. both sides raised tariffs on senate and the u.s. plans to add more next month. china's vice premier agreed to come to washington in early october. the chinese commerce ministry says lower-level officials will have talks this month to lay the groundwork. another sign that europe's largest economy is on the brink of recession, german factory artist fell 2.7% in july. that was worse than expected. the german economy ministry said nope in a mental improvement is insight for the coming months. hurricane very and is churning up the u.s. east coast. it is now approaching georgia and the carolinas. one forecaster calls for it to come ashore near wilmington, north carolina. dorian has strengthened to a category 3 hurricane and winds of 115 miles per hour. meanwhile, the bahamas says the death toll from the hurricane is now at 20. that is

from new york, i'm vonnie quinn. you're watching "bloomberg markets." t's check in on today's first word news. here's viviana hurtado. viviana: u.s. antitrust regulators are investigating whether amazon is using its market power to hurt competition. a team of u.s. federal trade commission investigators began interviewing small businesses that sell products on amazon. the interview suggests the agency is skeptical about claims that choppers and suppliers have real alternatives. china announcing a range of u.s. goods it will exempt from 25% tariffs put in place last year, but it is keeping pressure on american farmers. in europe, the d continues to hold onto gains, up 0.8%. 1%.ftse 100 up 1.10 now.rading below meantime, the hong kong stock exchange has made a surprise offer for the london stock exchange group. 'sy deal would upend the lse acquisition of refinitiv. it says it will consider the proposal. joining us is sarah siad. put this into context for us. it would be a massive deal in the context. reporter: there are so many players it is difficult to fo

global to follow our breaking news network at tictoc on twitter. this is bloombergan: from new york city for our viewers worldwide, i'm jonathan ferro bloomberg "real yield" starts right now. ♪ coming up, a fractured fed delivers another rate cut as trade ties between the u.s. and china resume. optimism driving junk-bond toward a fifth straight week of gains. yield hit 20-month lows. the new york fed rolling out an old tool, funding markets signing some stability. we begin with the big issue. a fractured fed meets a wall of skepticism. >> a lot of dissension in the ranks. >> there is a little bit of a split in the dots.

from bloomberg world headquarters in new york, here are the top stories on the bloomberg we are following. heads of state from around the world are in new york for the united nations general assembly. we will dissect what is on the agenda. former new york fed president bill dudley says money markets have calmed after lex weeks strain. however, he says there could have been more action. mehlman,alk to ken global head of public affairs at kkr, about how successful the company's efforts have been in combating climate change. all that to come but first we have some breaking news. boris johnson says it is time to do a new nuclear deal with iran. this on behalf of britain. johnson speaking with sky news, said iran plainly carried out the saudi attack. that is the british news. kailey leinz is here with us to take us through the market action. kailey: stocks are higher, even if it is just marginally. .n the great after being lower really fluctuating all day as investors look for direction. where you are seeing more conviction in buying is in the u.s. treasury market. a lot of what investors have

today on bloomberg's new show, new show, lisa is motivated to start strong with howard marks of oak tree an important and specific conversation. this is bloomberg. ♪ viviana: let's get the bloomberg business flash. wework putting off its troubled i.p.o. the office rental startup saying it now expects to complete the list by the end of the year. valuation and business prospects have raised concerns. in january softbank invested in the company at a valuation of $47 billion. now it's expected wework would be valued at less than a third of that. sfb once again defending libra, he cryptocurrency had plans to roll out. regulators all over the world have pushed back against facebook's plans. one argument, the company should not be trusted to handle sensitive financial information. and that's your bloomberg business flash. tom, francine? francine: thank you so much. i'm getting breaking news out of saudi arabia saying that they're prepared to inject liquidity if needed. for more on the price of oil, for more on drone attacks over the weekend that wiped out 5% of global oil production, let's get

the new sheriff in town, wells ando is naming a new ceo efforts to turn itself around after scandals in the past three years. we are joined by bloomberg's davis, who covers banks. now -- itation right is not ideal he is going to stay in new york. michelle: the big thing this does is it answers this overhang for six months, who the ceo was going to be. the fact that they named him is good, but he is not the only one skeptical about this decision. kbw put out a note saying that scharf is good. but the fact he has been at three companies in the past three years means can we trust him to stay here. he was brought into bny mellon in 2017 to turn the bank around, and here he is two years later, in the middle of that business -- in the middle of unfinished business. people are like, we will take a wait and see approach. michelle, he clearly likes a challenge. the political spotlight is going to be on him. when are we going to start hearing from politicians, and how important will their voice be and how we think he is going to be able to do? michelle: i mean, we will probably start hearing from them asap. it was political and regulating pressur

this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. from london, i'm guy johnson. this is the european close on "bloomberg markets." let's check in on the bloomberg first word news. here's president donahoe. courtney: president trump ordered tougher sanctions on iran days after a strike on saudi arabia's biggest oil facility. secretary of state mike pompeo blamed the strike on iran. 2015 nuclear the agreement, the u.s. imposed sweeping sanctions on much of iran's economy. theident trump has chosen state department hostage envoy to be his new national security advisor. robert o'brien would replace john bolton, who was fired last week. u.s. home construction surged in august at the fastest pace since 2007. residential starts climbed to an annual rate of almost 1.4 million. a proxy for future construction, housing permits also rose to a high. boris johnson's government is back in the spring court for day to of hearings -- day two of hearings. 's lawyers are defending his decision to suspend parliament. judges are asking for a written stat