here with the details, emma chandra. emma: another day in the green for global equities. 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 suggest falling demand. its worstng, having day in months as they reached a fireillion settlement for s, much higher than expected. emma chandra, thank you very much. still with us here in new york

thank you so much, bloomberg's emma chandra.y, united nations foundation senior fellow, joins me now. he served on environmental councils under reagan, bush, and clinton administrations. great to get is so your perspective as we dig deeper into the topic. why does it feel like 2019, the climate conversation has in some ways come to a head. dr. lovejoy: well, it took its time to get there, but when you look at the biology of this planet, we need to stop at 1.5 degrees and go no further, and now is the time to make that change. alix: what do you feel like will be the leader in this? we have seen president macron be the leader. we have seen china take on a lot of proposals to help their own admissions. dr. lovejoy: i think it important piece of this, beyond the fossil fuels, which are nothing but ancient ecosystems, is what we do with the biology of the planet, because this planet works as a linked biological and physical system. alix: what does that mean? dr. lovejoy: well, what it means that there is not an amount of co2 in the a

emma chandra come over to you. emma: -- emma chandra, over to you. emma: all u.s. equities up. 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 see brent crude for the fourth day, up some 6.7% in that time. we heard from saudi arabia's new energy minister signaling there would be no change to opec policies of production cuts. let's take a quick

now let's go to emma chandra. talked about his domestic programs, said it is a subject that no question he wants out by october 31. can he get an election? emma: that is the big question. again that thee general election is the only way again that the general election is the only way now to resolve brexit, to resolve the political impasse we are seeing in the u.k. he started to talk about it done magic -- domestic agenda, saying he wanted to move on to that, saying it is up to the voters to decide brexit policy. he said the choice of an election would be between him and the conservatives making sure britain left by the 31st of october, and then the opposition, which would like to delay further. he says parliament is preventing a general election from taking place. he referred a number of times to jeremy corbyn, saying he should be agreeing to an election, seeing as that he has called for one many times. he also took a number of questions from the press, a lot of those focusing on the resignation of his brother who

here with the details, emma chandra. : we are looking at equities fluctuating somewhat, both in the u.s. and in europe, on that news that we got from saudi arabia. reports that they will get their output fully back online within the next two to three weeks, much quicker than had been expected. .he s&p 500, let's call it flat the stoxx 600 still in the red, but off the lows of the session. the cac 40 in france in the green following being in the red for most of the session. thaty, the news about when saudi arabia and output will come back online having ripple effects. the ftse 100 falling down into the red. it had been the one major index in europe that had been in the green today, reversing course down some 0.2%. that is because the ftse has the highest exposure to the energy sector of many of the major regional benchmarks in europe. bp and royal dutch shell accounting for 10% of the index. oil falling on that news. brent and wti falling 5%, 6%. we are looking at the biggest beneficiaries of that surge in oil prices, actu

thank you to emma chandra. she is reporting from brexit and boris johnson. the bloomberg global business forum is underway in new york and one of the key areas of focus is financial inclusion. our next guest is driving worldwide access to affordable, effective, and say financial services the let's welcome the un's secretary-general's special advocate for exclusive demands for development from her majesty queen maxima from the netherlands. maxima: good afternoon, how are you? david: give us a sense of what the mission is. what are you trying to accomplish? queen maxima: trying to make a financial inclusion possible for those who do not have access to financial services until now. we have been working with countries from india, pakistan, tanzania, india be a, south africa, -- ethiopia, south africa, argentina, to make this a very important issue, and work with global partners to see access to financial services -- for example, the lack of having an id. the fact that it is a little bit of a business issue to actually have, for example, a bank shot very far away

and to emma chandra. coming up, the odds of a no deal brexit after the supreme court really cared this is bloomberg -- after the supreme court ruling. this is bloomberg. david: this is balance of power on bloomberg television. the united kingdom's supreme court issued its ruling today. it was unanimous. >> the decision to advise her majesty to prorogue parliament was unlawful. >> i welcome the judgment this morning. >> it had the effect of frustrating or preventing the ability of parliament to carry out its constitutional functions without reasonable justification. >> i strongly disagree with what the justices have found. >> it demonstrates a contempt for democracy and an abuse of power by him. >> i do not think it is right. but we will go ahead and parliament will come back. >> today is not a win for any individual or cause. it is a win for parliamentary sovereignty. goujon --welcome riba reva goujon. there are a lot of uncertainties. does this increase or decrease the likelihood of a no deal brings it?

onm london, emma chandra another day of high drama in parliament. and from boston, brian sullivan on hurricane dorian's move. stephen, we had the chief executive say we would withdraw the legislation. are the protesters satisfied? stephen: not at all. you could see it in the stock market. when news came that carrie lam would withdraw the extradition bill, the market shot up. the msci hong kong index had the biggest gain since 2011. after those comments were made and the activist started hitting the social media platforms saying they rejected these overtures from carrie lam, the futures started dipping down. they are worried carrie lam is not going far enough. one opposition lawmaker, says ."oo little, too late another says the protests will continue because there are still four more demands. she had already suspended the extradition bill two and a half months ago. she stated steadfast in her demand of not officially withdrawing it. why withdraw it now? we are getting much closer to the october verse day holiday in china and xi jinping does not want

let's get more on those markets with emma chandra. global equities drifting somewhat as we await the fed decision in the u.s. later today. look at the stoxx 600 here, essentially flat. u.s. equities opening a little bit lower, but the s&p 500 down a good 0.2%. investors also digesting that slashed profit forecast we saw from local bellwether fedex. it is also a big weight on the dow, the second-biggest constituent on the dow. we are also seeing the dow transportation average fall some 1.6%. fedex is falling a good 13% today, headed to its worst day since december 2008. we will talk a little more detail about fedex and the stock of the hour later. a weak forecast also taking down 3.8%. falling some of got richemont -- i've got richemont falling after it sees its top brands losing traction among wealthy chinese. in other asset classes, oil stabilizing a little bit today after those roller coaster two days. saudi saying they have restored about 40% of output now. turmoil seems to have moved to the money market. the fed having to inject ca

. -- emma chandra is standing by. e this is a critical moment in time for how this process unfolds. what could happen on monday? emma: you are absolutely right. first of all, you mentioned they will have the prime minister making a speech this afternoon, where he is going to make the case for going back to the public for a general election. what we are hearing is that the government will ask mps once again on monday to approve an early general election. they plan to do that because they expect the bill currently working its way through parliament now to prevent a no deal brexit will have passed where it is at the moment, and come back to the commons. that means opposition mps will agree to an early general election. they want to make sure that i no eal brexit has been -- that no deal brexit legislation has been passed. we will see whether they will call for that general election. boris johnson making the case later this afternoon when he makes a big speech in the north of england, an area which voted to leave. vonnie:

emma chandra has more.nge will have a major impact on employment, both on jobs and the way businesses operate. that is according to the yuan agency, the international labor organization. the most immediate impact will be on jobs. losses are expected as workers are displaced, operations disrupted, and infrastructure damage. for businesses, they seek damage to their assets -- they see damage to their assets and deteriorating working conditions impacting productivity and worker well-being. is impact of climate change supposed to be across sectors and geographies when it comes to jobs. i want to highlight research out of the fed that focuses on retail work, as they make up 10% of u.s. employment. take a look at this chart, and you would see how inflation-adjusted retail wages have been rising since the early 2000. that analysis by the fed suggests that is likely to be disrupted. they see wild swings in retail work because the sector is so sensitive to the weather patterns. climate change does present economic o

here with the details, emma chandra is going to tell us why the stock is down more than 5% today. eally good run, hasn't it? emma: it has had a really good run. earnings came in in line with expectations, and the company made no change to its full-year guidance, but what we could be seeing is traders taking some profits after this really good run for next. look at it through 2019, rising some 45%, and far outperforming the rest of retail in europe. there may be some concern among investors and traders today after we got some data from the u.k. on retail sales. they came in worse than had been expected in august, declining after two quite strong months. that could also continue into , warmer weather preventing consumers from buying warm winter clothes. another note, those retail sales were led down by lower online spending. that has been a real bright spot for next. they've really been investing in their e-commerce operations. a percentage of revenue growing significantly over the past few years, and now reaching nearly 45%. bloomberg intelligence saying that next's online operation

emma chandra joins us from westminster. the big question is are we going to get a general election in the united kingdom? if so, how are we going to get that? emma: you are absolutely right, that is the big question. it seems likely we will get an early one, given the next one isn't scheduled until 2022. what prime minister boris johnson is due to say in his speech new around half an hour from now is that he's expected to make the case for ripe politicians should go back to the nation and have a general election. we are hearing that the government looks set to ask mps on monday to support an early general election. that's because they believe the bill currently working its way through parliament to prevent a no deal brexit introduced by a group of opposition mps is due to be back in the comments and get royal assent. that makes it harder for the opposition, especially the labour party, to say no to a general election. they said they want to make sure and no deal is taken off the table. is by no means certain that this will b

emma chandra reviews the situation. ate positions taken by the top 10 democratic candidates, those polling highest. they agree that global warming poses a threat, but disagree on how to tackle it. they have all spoken out about curbing the interests of fossil fuel companies, most notably elizabeth warren and kamala harris. they also oppose fracking on public lands, with julian castro stepping back on his fracking position. amy klobuchar and andrew yang have been vocal about reducing agricultural co2 and introducing economic and rented to modernize. rejoining the paris climate accord is top priority for most, but beta over mark says he would do that on his first day in office. supporting the electric vehicle market is also popular. joe biden predicting transitioning to a full ev fleet would be a big job creator. nuclear power divides many, bernie sanders calling for all existing nuclear power plants in the u.s. to be shut down by 2050, but cory booker wants to discuss next gen nuclear technology. in his two and a half ye

emma chandra has more. emma: bloomberg learning that the ftc is interviewing small businesses that sell on amazon's marketplace, and some of those questions have included the extent or what percentage of revenue those small businesses derive from amazon's marketplace versus other online marketplaces what the one operated by the likes of walmart and ebay. what this suggests is the ftc is perhaps skeptical about them is on's claims that its suppliers have other alternatives. if a small is this derives a high portion of its revenue from amazon's marketplace, it makes it more vulnerable to changes in demand or changes in policy from the e-commerce giant. the ftc really confirms or denies if it is investigating a particular company, but the chairman did tell bloomberg last month it was interested in hearing from third-party sellers on the marketplace that amazon runs. amazon not commenting at the moment. david: we also have the states, like, 48 of them going after google. we did hear what they were asking for. i

emma chandra joining us in london. at thomaske a look cook.e package holiday, collapsing overnight after talks pan investors on a rescue -- plan. flights and holidays canceled overnight. will get what assets they can to pay off creditors at about $2.4 billion. thomas cook not trading today. they have fallen by two thirds, now trading at around or below five cents. it has been interesting is thomas cook's competitors. rising at the highs of the session. easyjet rising at 4%. they are set to benefit from the loss of a competitor. alix: thank you. you can never complained about holiday. we are looking at british american tobacco. sarah: a rough ride for tobacco stocks. an announcement friday won't make it easier. walmart announced it is going to stop selling e-cigarettes in stores citing growing regulatory complexity and uncertainty. this in the wake of the vaping related illnesses. this includes sales in walmart and sam's club stores. halt will start after walmart works to its current inventory. british american tobacco stocks falling in the aft

david: here with more is emma chandra live at westminster. ning today, considering the legislation. what are the chance that that legislation will be enacted? coming after their summer recess. parliament recess gets back in an hour's time. and then we're going to see this cross party coalition of m.p.'s from opposition parties and some within the conservative parties try to take control of the parliamentary sexreand push forward this piece of legislation that will try and tie boris johnson's hands in aiming to prevent a no deal brexit. those people within that coalition said they have the numbers to be able to pass that motion and to pass that legislation. should that happen, prime minister boris johnson said he would call for a new general election in order to prevent that from happening and then he would bring a motion to have a new general election to parliament tomorrow and m.p.'s would have to vote again 2/3 of the m.p.'s in the house of commons would have to approve that. it is log like sources telling us that the coalition of opposition

we are close, but not there, are we, emma chandra? emma: close, but not there yet.are looking at the s&p 500, ever so slightly into the red after opening in the green today. we are seeing more solid gains for the stoxx 600. also got the nikkei representing asia. the s&p still well above 3000. we are also headed for a weekly advance, the third consecutive weekly advance for the s&p 500, the fourth consecutive weekly advance for the stoxx 600. you mentioned we are close to record highs. if we switch up the board, we can see just how close we are to that high that was set in july of this year. just about 10, 15 points away from that high set on july 26. 3025.86 toing for hit that record high. if we don't hit that today, there are lots of catalysts next week, not least the fed meeting. the british pound headed for its best week since mid july over reports that we may be getting closer to a deal before that brexit deadline of october 31. finally, i wanted to highlight the lse. that is higher today after it rejected the bid from hong kong exchanges. they have since come b

emma chandra has more. emma: the u.s.al labor organization saying that i'm a change will have a major impact on employment. let's take a look at jobs because losses are expected as .ell operation to structure -- operation disruptor. finally, we are looking at working conditions. they deteriorate as a result of climate change. we will see reduced productivity, and that will impact worker health. the impact of jobs is expected to be felt across sectors and geographies, but it wanted to highlight some research out of the fed in the u.s. that focuses on retail workers. that make up about 10% of employment in the u.s. analysis,to the fed it is likely to be is disrupted. adapting to climate change does put them with economic opportunities. last year, the u.n. saying a decisive shift towards a low carbon economy globally could result in some $26 trillion of economic benefit over the next 10 years. they see that increasing to $65 entering theost workforce. all of this bringing higher global gdp. the key is taking that bold action

let's get a check now on global markets. , tundra will explain -- emma chandra will explain. ma: we are seeing equities across the world largely in the green. the s&p 500 up some 0.3%. we have seen a bit of churn in the s&p as we've seen conflicting headlines about the trade war between the u.s. and china. conflicting news as to whether or not there will be some concessions made from the u.s. side. still, we are watching that in the markets. the s&p 500 up for the third straight day at the moment. the dax doing particularly well, up close to 0.4%. german comedies are more export oriented, so they would like those more positive trade headlines -- german companies are more export oriented, so they would like those more positive trade headlines. the ecb bringing back qe after nine months. the reaction in bonds has been a bit mixed following that announcement from mario draghi. i also wanted to draw your attention to oil. we were initially rising, but we have since fallen, now looking like we are headed for our third straight decline. down over three days some 5.3% after the inter

vonnie: emma chandra there with the worst performer. the dax down 3.8% today.ur latest bloomberg business flash. -- sale of hong kong retailer a as watson has been put on hold because of the twin pressures of brexit and the anti-government protests in hong kong. it is singapore state company. -- state investment company. british retailer marcus spencer is said to be demoted from the ftse 100 after 35 years. eligible-- ftse shareholders are ranked by market cap. spencer had a business cap of less than a fourth of what it was in 1997. coming up, it is our global battle of the charts. this is bloomberg. ♪ here, it all starts with a simple... hello! -hi! how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! [ camera clicking ] wifi up there? -ahhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your xfinity store today. vonnie: it is time for our global battle of the charts. you can see them on

coming up, emma chandra will join us for our stock of the hour. that is next. bloomberg. ♪ devices are like doorways that could allow hackers into your home. and like all doors, they're safer when locked. that's why you need xfinity xfi. with the xfi gateway, devices connected to your homes wifi are protected. which helps keep people outside from accessing your passwords, credit cards and cameras. and people inside from accidentally visiting sites that aren't secure. and if someone trys we'll let you know. xfi advanced security. if it's connected, it's protected. call, click, or visit a store today. guy: breaking news in the last few minutes. the u.s. and china struggling to set a september meeting for trade talks. the markets not reacting well. u.s. trading close today. looking at the fair values, dropped reasonably sharply for the expectation of where trade will start tomorrow morning. that is the dollar versus the chinese currency. i'm looking at the s&p fair value, it has gone to being down a full percent in terms of for the expected opening is tomorrow mor

emma chandra is in london with details. round 10% over the past three days, but look at it over the course of the year, rising 35%. the maker of engines, interiors, and other parts on something of a role. yesterdayrom safran and they raise their profit outlook, saying they would comfortably increase by 20% this year. investors and analysts like that. we heard from j.p. morgan, upgrading the stock and taking the price target to a street hi of 156 euros. strong results were driven by gains in all business units. we should be able to show you those business units. aerospace propulsion is the biggest revenue driver. n is benefiting from is the surge of demand and air travel. that is a segment of the business the company is now budgeting to grow by more than 10%. also supplies the engines for the boeing 737 maxygen. that is the jet that has been grounded since earlier this year. we are looking at deliveries of the engines for that yet and they have been rising, but rising less than expected. j.p. morgan saying they expect that to

today we are joined by emma chandra and sarah ponczek and brooke sutherland.a chandra in london. 8% aftert up more than new york hedge fund elliott post a $3.8 billion state and a letter to the board outlining a plan for the company that would chart the path toward a share price of $60 a share. that is significantly higher than where shares are trading right now. it also comes with big changes or requests for big changes to the company, including divesting a number of assets. directv's, wireless, and some of its landline businesses. they also want to see direct -- cost-cutting, including splitting the position of ceo and chairman. no comment from at&t but we will be watching that closely. alix: next we are looking at apple and foxconn. sarah? sarah: it has been reported that apple and foxconn have broken chinese labor rules by hiring too many temporary workers. the claims were originally made by china labor watch, a nonprofit advocacy group. now apple and foxconn have come out and confirm this. not affecting apple shares too much in the premarket, but somethin

on the brief today, emma chandra in london on prime minister boris's sharper you -- sharp rebuke.rk, the growing call for impeachment proceedings. it was 11 to zero. boris johnson came out and said he will abide by it. listen to what he had to say. >> obviously, this is a verdict we will respect. we respect the judicial process. i strongly disagree with what the justices have found. i do not think it is right. we will go ahead and -- parliament will come back. david: he is about to hop on an airplane to rush back to london. what comes next for boris johnson? >> that is the big question. to be told by the highest court in the land he had acted

bloomberg's emma chandra. vonnie: time for futures and focus. -- for futures in focus.from the cme is scott bauer of prosper trading economy. would the news that there be the continuation of the same type of policy out of opec. scott: the new oil minister named that is part of the royal family is well respected, but he will take a harder line with some of the opec less nations, especially russia, in terms of adhering to the supply cutbacks and extending them. i think the market likes that a lot. the market is very bullish over that. however, we just can some near-term resistance in oil. $57, $57.50, with some resistance. we may see $50, though. i think some of the global issues out there, especially with continuing slowdown in china, is really going to weigh on the oil space. vonnie: we are at $58.64 right now. i want to ask you about gold as well. we are in an interesting relationship with the $1500 $1503 now. scott: i think it probably stays there until we see what happens with the fed next week. how dovish are they going to be? i think we could see gold may be going

onm london, emma chandra another day of high drama in parliament.ston, brian sullivan on hurricane dorian's move. stephen, we had the chief executive say we would withdraw the legislation. are the protesters satisfied? stephen: not at all. you could see it in the stock market. when news came that carrie lam would withdraw the extradition bill, the market shot up. the msci hong kong index had the biggest gain since 2011. after those comments were made and the activist started hitting the social media platforms saying they rejected these

alix: bloomberg's emma chandra joins us now. we thought it was feisty when theresa may was prime minister. what happens now? emma: certainly spicier than under theresa may. that change you heard from the prime minister one of the calmer moments in parliament right now -- in parliament last night. sparkingaccused of conflict, with many calling on him to moderate his tone. a number of mps lambasted him for his line which -- for his language. a number of people saying this will make getting any brexit deal passed in parliament more difficult. remember, boris johnson does not command a majority in parliament. we are hearing from european union officials that a deal is looking more likely because of the use of this language. we are also seeing the pound -- looking at the pound slide. the prime minister at the moment meeting with mp's from his own party, and also meeting with his cabinet later today, so we should get more of a sense of where we go from here. alix: thank you so much. here in the u.s., we are waiting for a flow of data

. -- emma chandra has more. u.n. fashion is responsible for some 10% of greenhouse gas emissions. that is because of its long supply chains and energy intensive nest. in fact, it uses more energy than aviation and shipping combined. it is also responsible for 20% of global wastewater and 85% of textiles either end up in landfills or are burned. fashion companies are starting to act ahead of the g7 this year. companies representing about 30% of the industry by volume signed a pact to try and curb their environmental impacts. parent,ed by gucci's but also includes h&m and gap, its, ralph lauren -- adidas, ralph lauren, and nike. head to zero net emissions by 2050. this may all be good for the environment, but it is also good business, too. millennials are the biggest generational group in the workforce now, and set to be the biggest buyers of fashion goods, especially when it comes to luxury goods. a report by nielsen last year found that 75% of the lineal's would change their shopping habits to take account of environ

emma chandra from london on the next brexit move, and michael mckee on new inflation data out of chinals us about the state of the chinese economy let's start with kevin on capitol hill. let's first talk about this tweet that just came out from president trump. apparently john bolton is no longer there. kevin: president trump just tweeting "i informed john bolton last night that his services are no longer needed at the white house. i disagreed strongly with many of his suggestions, as did others in the administration. he goes on to tweet that i asked john for his resignation, which was given to me this morning. i thank you john very much for his service. i will be

emma chandra has more.hares have ri some 8%, putting pressure on the retailer to outpace its rivals. they did do well in the first half of the year, rising some 6.6%, doing better than the before,arter and a year but still a ways off the double-digit sales growth that inditex investors had perhaps become used to. the difference this time is even though sales et cetera did in the second quarter, we saw that margins did not. margins and came in prior than the year prior -- and came in lower than the year prior. usually, accelerating sales would give momentum to probability. what we are seeing this year is a bit of a reversal of fortune in the two main fast fashion retailers in europe. we are talking about a battle between inditex and h&m. h&m shares outperforming those of inditex. detects -- inin tex is still up a respectable number on the year. joining us from the cme ieble of our -- of rjo futures. market, wee oil finally crossed below the five-year average on inventories. millionout 416 barrels on inventor

released a summary of the president's call with president zelensky from ukraine, and then we turn to emma chandran london as boris johnson will address parliament. kevin, we saw the transcript. it was fairly explicit, i thought about the president raising joe biden's son. kevin: it was very exquisite and that during the july 2019 conversation with president zelensky, president trump raising the issue of hunter biden in that transcript the five-page transcript there was a summary of sorts compiled by multiple sources in the intelligence community. president trump earlier this morning pushing back against democrats, saying that h

emma chandra from london on the next brexit move, and michael mckee on new inflation data out of china and what it tells us about the state of the chinese economy let's start with kevin on capitol hill. let's first talk about this tweet that just came out from president trump. apparently john bolton is no longer there. kevin: president trump just tweeting "i informed john bolton last night that his services are no longer needed at the white house. i disagreed strongly with many of his suggestions, as did others in the administration. he goes on to tweet that i asked john for his resignation, which was given to me this morning. i thank you john very much for his service. i will be naming a new national security advisor next week." it comes following the developments over the weekend with the planned meeting president trump canceled with taliban leaders at camp david and comes at a crucial time with regards to the president's middle eastern policies. remember, jason greenblatt stepping away from the administration and the last week. the long-awaited mideast peace plan also anticipated so

inare joined by emma chandra london. streaming company roku gaining a sell rating from pivotal research group, sending its stock down some 5% in the premarket. this follows a 15% plunge for the stock on wednesday. the issue for roku seems to be growing concerned about competition, something that the pivotal analyst says will eventually drive the cost of over-the-top streaming devices to zero. that could certainly be true given news from facebook and comcast, discussing streaming devices, and particularly comcast saying it will now include a streaming device with all internet only subscriptions. roku' streamings device accounts for some 45% of its revenue, down from about 70% of revenue three years ago, but still a significant portion of sales. we should also point out that pivotal research analyst set the price target for roku at $60 a share, 55% follow yesterday's closing price. alix: next we take a look at datadog following its public debut. sonali: datadog is already one of the best ipos of the year at more than $10 b

we are joined by emma chandra, brooke sutherland, and sarah ponczek. rclays. emma: barclays heading towards its best day since 2017. chargeing a $2 billion to cover last-minute compensation claims of ppi insurance. this is the scandal that has cost the u.k. banking sector over the last years. it looks like barclays total cost will reach $14 billion. is $65ustry as a whole billion. analysts are concerned this extra charge could see the bank suspend its buyback program. that was not announced, at least not yet. the analyst saying they see the dividend remaining intact. investors also soothe are reports out of japan that barclays has been cutting staff in its fixed income unit. we know jes staley is looking to cut -- as he tries to counter retail profit in the bank. shares of barclays are down over the course of the past year. european banks as a whole trading close to all-time lows, even as the broader indexes trade close to all-time highs. .lix: thanks so much now we are joined by brooke sutherland looking at fort and moody's downgrading its credit ratin

lisa: thank you so much to bloomberg's emma chandra.ston is denise chisholm of fidelity. as we look at nike's results in the retail sector of the s&p 500 , up more than 20% year-to-date, i am just wondering whether people are pricing in the right amount of optimism here, or perhaps are a little bit overenthusiastic. denise: consumer discretionary is a really unique sector. we were talking about a global slowdown earlier in terms of maybe, even if you predict a global slowdown or gdp slow down, you actually get this inverse relationship as to what sectors you want to own. sector, even if you knew gdp was going to slow over the next year, the sector with the highest odds at 80% is consumer discretionary. discretionary. so it has a really big defensive quality, to your point. is that normal year-to-date? as earnings growth slows in the overall s&p, relative earnings tend to actually accelerate in the consumer discretionary sector. that, combined with really strong fundamentals, meaning any kind operating margins you would like to measure o

more --g's, chandra has bloomberg's emma chandra has more.ce journal calling it the biggest global health threat this century, rising temperatures and sea that willre extreme increase the spread of disease. the health-care industry is itself contributing to the climate crisis. the industry footprint could have lent to some -- could have led to some 4.4% of global net emissions. that is equivalent to the greenhouse gases released by more than 500 coal-fired power stations every year. 71% of those emissions come from indirect sources. the production, transportation, and disposal of health-care goods and services. 50% of those emissions are related to energy use. if the industry were a country, it would be the fifth biggest emitter. as we take a look at this chart, the u.s., china, the european union combined the biggest emitters when it comes to greenhouse gases linked to the health care industry. the report finding there is a strong correlation between a country's health spending and its health sector climate footprint. generally, the higher s

emma chandra joins us on set. heard today that revenue dropped for the second consecutive month . it was worse than had been expected and was the second consecutive month we saw that drop and we are seeing some reaction in the stocks of course , trading earlier in the day also looking at south china and also falling very much in the red today. protests have led pete -- have led people to stay at home and they disrupted transportation and visa applications for chinese hoping to come over to hong kong. it is not only that area that has been impacted. retail sales for hong kong inrnight -- double digits july. you can see that here on the bottom panel of this g chart. about -- have collapsed by 25%. we should be able to show you how that has reacted in some of the european stocks. group down some 5/10 of 1% and other lecturing names also falling today. anna: thanks very much, emma chandra with the latest on the retail sector and the impact we are seeing on the economy in hong kong. ,till with us is chris watling longvi