tom tom hanks from the end pieces of caught the fish they are using arrives fresh from the hose saida when processing fish fillets the end pieces are usually thrown away because they don't look appetizing enough. you want to save everything that you can and what we do is we don't want ice or things so we try to make everything fresh every day we try to use the whole thing as well so i like all the peels and the offcuts we use for example to make a boy like that i missed on it so that we do now we use. this potato peels to make chips so those are the feel that we used to use to make new york isa we use entire project there as well so yeah that's how we try to save as much as. a cold fish tom-tom with ponson a cream and potato skin chips made from fresh produce that was destined for the garbage. and that that you and effects are is made with fish. out of the cast find the food. it's really good yeah it's a lot of really great players and through the case they the concept works so well in fact that such a contact colleagues have opened 2 further restaurants in the hague and in trashed since 2014 very have signed over 580000 kilograms of food and said you can have team have long since come up with further ideas to combat the throwaway mentality towards food i've had to significantly extend the shelf life of some foods they brew especial beer. more and more people regularly eat out like here at the atlantic hotel south city in play my half an hour a lot of food and stop in the trash break or i'm on and tossed and found balls told from the nonprofit organization united against waste on to change theirs advise canteens kitchen song crew ships hospitals and hometowns because tha

tom tom made from the end pieces of caught the fish they are using arrives fresh from the hose saida when processing fish fillets the end pieces are usually thrown away because they don't look appetizing enough. you want to save everything that you can and for we do is we don't do a serious thing so we try to make everything fresh every day we try to use the whole thing as well so that all the peels and the offcuts we use for example to make a boy like the minister on it so that we do now we used. this potato peels to make chips so those are the peels and we use a toast to make the new york e so we use entire project there as well so yeah that's how we try to save as much as in. a cold fish tom-tom with past cream and potato skin chips made from fresh produce that was destined for the garbage. bag or. backpack. and it got that that field. and if that tire is made with fish. out of the gas find the food. it's really good yeah it's a lot of really great player is it through ok state the concept works so well in fact that such a contact colleagues have opened 2 further restaurants in the hague and in who trashed since 2014 by have saved over 580000 kilograms of food and said you can her team have long since come up with further ideas to combat the throwaway mentality towards food that they are to significantly extend the shelf life of some foods they brew a special beer. wine. more and more people regularly eat out like here at the atlantic i'll tell sound city in play my half an hour a lot of food and stop in the trash regularized on and toss in former boss told from the nonprofit organization united against waste on for change there's my advise canteen kitchens on cruise ship

tom: we have great interaction. it's just -- lisa: is that a euphemism? tom: [laughter] i think it is you and alisa. -- and lisa. jonathan: i think that is great interaction, you and i. i do not know what it is. toms great interaction. that is what we have. jonathan: one thing to call it, when i do my annual review i think my manager describes it as something else. i think it is something else. i think when they sit down with you, they describe as a something else as well. lisa: tom is drinking. tom: 1.526 is the bond. can we move that up to a 1.53? you wonder where is the tipping point on 10 year, the higher yield and lower prices -- you really wonder where that is. jonathan: i am with you. tom: it is porridge. porridge. jonathan: you know what is the most exciting part of my morning? as i step away in about two .inutes and i go solo for 60 tom: to migrate to your other property. who do you have? anybody good? jonathan: i always have someone good. i will have four of them. i will tease them in a moment. right here on bloomberg. ♪ health briefings have offered misleading information about how president trump is being treated for the coronavirus. that has raised questions about his condition. one

tom. tom: they have the mute button. they have both gone tough farro training. nice, jon. i am glad you did that. jonathan: i am trying, tomhink it went well for the president last time. not my opinion, you see it in the polls. tom: that is true. jonathan: let us see if we get a different approach this evening. coming up, and emmanuel rosner, deutsche bank economist here on bloomberg heard. on bloomberg radio and seen on #2 veep. this is bloomberg. ♪ and seen on bloomberg tv. ritika: with the first word news, i am critic of both the --perate to cap look to president trump's advisers are said to have told him trade his aggressive demeanor for a lower-key style. the president trails in the polls and the debate is one of the last high-profile chances for him to turn things around. former president obama has made his first in-person campaign appearance for joe biden. he ripped into president trump at i an event in philadelphia. >> i get that this president wants full credit for the economy he inherited and zero blame for the dynamic he ignored. but you know what, the job does not work that way. tweeting at the things.on doesn'

tom. tom: nailed it. jonathan: we are up 0.25%. tom: i like dwight eisenhower's light blue. blue. an: i'm restarting the show at 7:30 eastern. live from london and new york, good morning to you. alongside tom keene and lisa abramowicz, i'm jonathan ferro. equity futures shaping up as follows on the s&p 500. eight, advancing 0.2% up -- up eight, advancing 0.2%. treasuries unchanged, 0.7257%. all about momentum and when we have managed to keep it. tom: we've got a lot to chat about here, but seriously, yesterday claims and that reaffirmation, and there is some serious economic data this morning. jonathan: some serious political debates between two candidates that weren't in the same room. take a listen to what happened last night. mr. biden: we make up for percent of the worlds population. we have 20% of the worlds deaths. we have 210 plus thousand people -- 210,000 people plus dead. and what is he doing? nothing. pres. trump: i knew it was a big threat. at the same time, i don't want to panic this country. i don't want to go out and say everyone is going to die. jonathan: the presid

tom keene, jonathan ferro, and lisa abramowicz. from new york and london, for our audience worldwide, good morning, good morning. this is "bloomberg surveillance, " live on bloomberg tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. q3, hello q4.dbye tom saw the last couple of days, and sunny spells right now across new york and across this equity market.

tom! tom moore. he was walking, and i, my son, i said i can walk as well. like captain sir tomy has raised money for charity. and like sir tom, he's been recognised by the queen. with no immediate sign to an end to the pandemic, this list is just the start of honouring our covid heroes. as always, this year's list features lots of names from across music, entertainment and sport — lizo mzimba has this roundup. leaves are another good one for the children to try. she's been potential as your taste buds for decades, now mary berry has received one of the country's highest honours. it's so exciting, and you feel very proud to be a dame is really the icing on the cake. maureen also becomes a dame in recognition of her charity work and an acting career that spanned everything from emotional dramas too much loved tv commercials. and says he's failed! there is a knighthood for entertainer tommy steele who said he was delighted to be honoured. the creator of the grange hilland honoured. the creator of the grange hill and brookside, phil honoured. the creator of the grange hilland brook

tom? tom: thanks so much. mentioning hydrocarbons, we are glad to have the governor of the central bank of ghana with us and if human us. scott thiel continues with us. i want to do the blackrock math, and what it comes down to is that we are all flying blind. don't have a risk-free rate, we don't know what the map is, we don't have the sharpe ratio and we don't have the anchor anymore. daydo you do the math every in fixed income? scott: i think you have to assume that the low level of volatility is very important for valuing any asset class. equities and any other fixed income instruments as well. we talked about this. monetary toom fiscal policy has important implications down stream. it would suggest that monetary policy is on hold and we are at the lower bound. treasury bonds do not fulfill the same type of resilience for investors that they have in the past, and the total return may be on a multi-year basis, it may be negative. that is something we have not experienced before. you have to look at the asset classes in that context. the lack of volatility can obviously be supported for certain asset classes, but it can also obviously suggest that the role that treasuries play, particularly in the risk, is less than it has. tomilliam li3 explained. what do we use2 some form of the derivative market, is a proxy for the credit babbling yield. that out there somewhere? the way to think about it more is from a portfolio perspective. a holistic way to think about it is if treasuries don't offer you the resilience as a result of covid come as a result of those -- the future running at us, what does he echo look at it on a portfolio perspective. that might be private markets, that might be commodities, that might be -- there are different aspects. i think a one-size-fits-all is a kind of tough thing to go forward, particularly given the environment that we are in. but i think you are very much onto the right thing, which is treasuries don't give you the resilience they used to give you, so what else does he echo i think that is a very specific -- what else does? i think that is very specific portfolio effort. francine: what do you do with italian btp's at the moment? if you look at spreads between german and italia

tom. tom. tom. in. the phone. booth. enter the conflict zone with tim sebastian. brazil is in the news these days for the role reasons i did so that's the 1st highest figure in the world for coated 19 infections my guess is me from brazil a half of the country's vice pres of those comments on the floor off how did the government message old get so bad. conflict zone. 30 minutes on d w. m d. listen to some joke story you must stubborn rice farmer from thailand. his problem. with his crew go no chemical. was. just. don't stand a chance. train him successor. to me starts october 15th d.w. . every 2 seconds a person is forced to flee their home nearly 71000000 people have been forcibly displaced. the consequences of the disastrous our documentary series displaced depicts dramatic humanitarian crises around the world don't. forget thing when i didn't go to university to kill people that i don't want to have my boss come to me and tell me to kill someone having in many and if i don't they'll kill me and. take these things for their lives and their future so they seek re

tom tom made from the end pieces of cart the fish they are using arrives fresh from the host's ada when processing fish fillets the end pieces are usually thrown away because they don't look appetizing enough. you want to save everything that you can and what we do is we don't want to buy serious things so we try to make everything fresh every day we try to use the whole thing as well so i like all the peels and the offcuts we use for example to make a boy on to do like the minister on a suit that we do now we used. this was a peels to make chips so those appeals that we used to tell us to make the naki so we use the entire project as well so yeah that's how we try and save as much as we can. be called fish tomtom with pasta and cream and potato skins chips made from fresh produce that was destined for the garbage. back. and that that you and effects are is made with the fish. out of the gas find the food. it's really good yeah it's a lot of really great players and. to this day the concept works so well in fact that said it can't our colleagues have opened to further restaurants in the hague and in who trashed since 2014 by have saved over 580000 kilograms of food and set a kind her team have long since come up with further ideas to combat the throwaway mentality towards food they are to significantly extend the shelf life of some foods they brew a special beer. more and more people regularly eat out like here at the atlantic hotel sound city in blame a half an hour a lot of food ends up in the trash gregg arriving on and tossed in foreign postal from the nonprofit organization united against waste on to change theirs i advise canteen kitchens on cruise ships hospitals and have towns becaus

tom got his early education before going on for a degree at the university of michigan. in a nearby church which the family attended regularly, tom was a member of the choir. in the same neighborhood where tom grew up, his mother lives today and like all mothers is proud of her son and his achievements. >> you certainly must be proud of tom? >> of tom. >> yes, i think we're all happy over his success. he always was a worker. when he worked, he worked hard. when he played, he played hard. i do know that he always had the best interest of our country at heart. >> today he is governor of the most populous state in churches -- cherishes the moments when he can relax on his farm in new york. so many millions of americans know and love. at home in the outdoors from his boyhood, tom dewey likes to take whatever time he can from his public life to spend with his two boys. tom junior, and john. while not posing as a working farmer himself, he has a wide knowledge of agriculture. he understands farm problems and enjoys discussing them with his neighbors. poultry and dairy farming are major enterprises in new york state and as governor, he has taken vigorous action on giving constant aid to farmers. d

: your point -- tom: your point there as you book vishi for one of your other properties, i know what you're doing there. [laughter] lisa: nailed it. tom: thanks, lisa. lisa: anytime. tom: what would u.s. bonds be doing today? it is a mystery. jonathan: it is a mystery. i am sending himan ib right now. tom: i'm sure you are. alongside tom keene and lisa abramowicz, i'm jonathan ferro. heard on bloomberg radio, seen on bloomberg tv, equity futures with a list. the bond market, the treasury market is closed in the united states for columbus day. $1.18 handle on euro-dollar. come across the atlantic, discovered america. jonathan: did he? what year was that, tom? tom: i don't know. tom, you should teach history classes remotely for schools. wonderful. from london and new york, this is bloomberg. ♪ karina: with the first word gh: with thelei first word news, i'm kailey leinz. the president told fox that republicans are having a hard time with pelosi. meanwhile, pelosi called the administration's offer grossly insignificant. even if there is an agreement, it is not certain if since republicans what -- if senate republicans would approve the measure. minneapolis fed president

tom keene is in new york. tom, it's friday. we have gotten through the week, a number of different stories across economics, finance, and politics. we look at the u.s. election, 26 days away from that. we need to always look at the polls, and we have this big news --arding tom: yesterday was extraordinary. we are still regrouping in new york from the news flow yesterday of transactions and of course of the president of the united states. the number one breaking story here in the zeitgeist of the east coast is that the president appears to be healthy, and the real decision for him today is, does he do a rally tomorrow in one of these key battleground states? that seems to be the topic is topiceck the topic -- the du jour. francine: let's get to first word news in new york city with ritika gupta. ritika: the white house is once again shifting its position on a stimulus package. treasury secretary steven mnuchin told house speaker nancy pelosi the administration now once an agreement on a large-scale relief bill. earlier this week, they president pulled negotiators from talks on comprehensive legislation. officials are keeping up the pressure on washington to renew fiscal support for the economy. dallas fed president robert kaplan sees a slower economy without

tom-tom made from the end pieces of card the fish they are using arrives fresh from the whole saida when processing fish fillets the end pieces are usually thrown away because they don't look appetizing enough. you want to save everything that you can and what we do is we don't want ice or things so we try to make everything fresh every day we try to use the whole thing as well so that all the peels and the offcuts we use for example to make a boy on to do it like that minister on a suit that we do now we used. this was a pos to make chips so those appeals and we use those to make the new york isa we use entire project there as well so yeah that's how we try and save as much as. a cold fish tom-tom with ponson and cream and potato skin and chips made from fresh produce that was destined for the garbage. bag or. backpack. and that that you and effects are is made with fish. out of the gas find the food. it's really got it yeah it's a lot of really great labors and throughout a state the concept works so well in fact that such a contact colleagues have opened to further restaurants in the hague and in who trashed since 2014 by have saved over 580000 kilograms of food and set a kind her team have long since come up with further ideas to combat the throwaway mentality towards food have had to significantly extend the shelf life of some foods they brew especial beer. more and more people regularly eat out like here at the atlantic hotel sound city in plame a half an hour a lot of food and stop in the trash gregg arriving on an tolson farm boy was told from the nonprofit organization united against waste on for a change this advise canteen kitchen song cruise. ships hospitals and

tom: gerrymandering. jonathan f: eurasia group, united states director. one hour at a time. we will just do this slowly. start doing the 8:00 just lisa and me. [laughter] then we allow 30 minutes with tom. tom it up. can you bring my walker over here? "surveillance"y, senses. jonathan f: that note that came from carl weinberg, want to bring it to you. a miraculous intervention to check this next outbreak. there will be a decline in all of the major economies in the fourth quarter, returning to the low levels of her -- low levels observed in april and may. the big call from this is that the next round of virus will affect our economies directly by shutting down businesses. his point isn't that policymakers will shut down businesses. is that as you get the infection , in anproduction line office, the whole office has to clear out. that is what he's concerned about going into the colder winter months. tom: that is the issue, the weather. it is a natural disaster, and we are moving towards the winter months. interview to interview, that is what we hear. jonathan: we see it in the northern hemisphere. from london and new york this morning, good morning. a really important conversation coming up

tom-tom made from the end pieces of cart the fish they are using arrives fresh from the host's ada when processing fish fillets the end pieces are usually thrown away because they don't look appetizing enough if. you want to save everything that you can and for we do is we don't want to buy serious things so we try to make everything fresh every day we try to use the whole thing as well so that all the peels and the offcuts we use for example to make a boy on to do like the minister on it so that we do now we use. this potato peels to make chips so those are the bills and we use a toast to make the new york e so we use entire project there as well so yeah that's how we try and save as much as. a goldfish tom-tom with parsnip cream and potato skin chips made from fresh produce that was destined for the garbage. to. come back. and they got that thank you. and effects are is made with fish. out of the gas find the food. it's really good yeah it's a lot of really great players and through our case they the concept works so well in fact that such a contact colleagues have opened 2 further restaurants in the hague and in new trashed since 2014 that have saved over 580000 kilograms of food and said it and her team have long since come up with further ideas to combat the throwaway mentality towards food if they are to significantly extend the shelf life of some foods they brew a special being are getting. more and more people regularly eat out like here at the atlantic i'll tell sound city in prime a half an hour a lot of food ends up in the trash grego reiman and toast and fun bowls told from the nonprofit organization united against waste on for a change there's advise canteen kitchens on cruis

tom? tom: thank you so much. bonds like today, he nine states closed for the columbus day holiday. we trade in equities, red and green on the screen right now. futures, as nasdaq well, s&p futures up 10 points, let's call it. the dollar is weaker and it is weaker in an interesting way, 93.15. we had a 93.0 on the a moment ago. 118. 11.nds out does china act over the weekend over the renminbi? -- that goldman sachs is talking about. francine: that's a good question. we're no weight near the moves we saw. a lot of the market participants are focused on the prospect from our stimulus, but also improving corporate earnings. the central bank took steps to restrain the recent rally elsewhere. we have crude oil declining, dollar steady and treasuries are close for u.s. holiday today. let's talk about the markets, the faultlines we can see in the future. joining us now is the co-chief investment officer. thank you so much for coming in. does it all depend on stimulus and stimulus in the u.s.? andrew: i think the markets are focused on stingless. you had the reflationary moves we've seen in the last couple of weeks, really since the presidential debate. i think you can see the markets pricing in the higher only of ay and not biden presidency, but a democratic sweep taking the senate. and that kind of context, you know, rather than worrying too much about whether there's stimulus before or after the election, if there is a very solid outcome for the democrats, then the market will be anticipating their fiscal package quickly. bidenuture president would get through the inauguration. francine: andrew, what does it all mean for treasuries? where do you expect treasuries to be in the next couple of quarters? andrew: i think they'll probably be very range bound. you have the clear signals from the federal reserve that it's going to be different in the cycle compared with their efforts if you years ago to tighten policy. the anchoring affect of short-term rates. swing factors, something we highlighted at pimco, developments on covid in terms of vaccines and treatments and fiscal policy, not just in the u.s., but globally. so, you can think of an environment where you have better news on covid, more fiscal stimulus in that kind of context. you can see yields higher. you can see yields higher, anticipating this on a biden election victory. and [indiscernible] central banks anchoring the front end, but the markets pricing in more reflation further outing the curve. we're positioned for that kind of outcome in our portfolios. tom: wonderful day for economics, a nobel prize here. we'll give you full coverage of that. michael mckee will stop by. so much of the understanding of economics is on the x axis. you talk in your wonderful new essay about the long climb. did we grossly underestimate the length of the x axis to come? andrew: we think it's going to be long. we think that the end of next year, or early in 2022 is when we may get back to the levels of gdp that we were at at the start of this year. so, it was a short recession, a massive short recession, but a very long climb to recovery. the other thing we are concerned about, call it economic scarring. there's going to be impacts in terms of labor markets, in terms of whole sectors of the economy, where it may be very long and difficult recovery. this goes back to the fiscal question. part of the reason to try to do more fiscal stimulus is to avoid big rise, period of unemployment. people lose skills, order to get back to work. the same in the corporate sec

tom? tom: jonathan: depends which at -- jonathan: depends which exit ulee from the building. tomt that right. [laughter] jonathan: alongside tom keene and lisa abramowicz, i'm jonathan ferro. this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. house speaker nancy pelosi and treasury secretary steven mnuchin are trying to beat the clock. they are narrowing their differences on a coronavirus relief package, but pelosi has said that by the end of today, there must be clarity on a bill if it is going to be passed by election day. pelosi told house democrats there are still significant areas of disagreements. it is a victory for democrats in a fight over ballots in a battleground state. a divided supreme court allowed a three day extension for mail-in ballots in pennsylvania. republicans wanted to reinstate the state requirement that the ballots must arrive by 8:00 p.m. on election night. payeuropean union has to before trade talks with the u.k. can be restarted. the british government is holding out for more concessions. that may involve a public statement to mic

tom real fast before we go to a break tom. >>has the president made things a tougher for parents tonight by how he has handled his diagnosis. >>the reason why my husband back to it is because kobe he's tied with the economy the most important issues and he wanted to make the case on the economy and covid and and. i really think my hands change any answers. based on something particularly trump was doing or not he has to be able to dispel the lie that there's no plan it does spell the lie that vaccines would be bad and and set forth all the things that they have done because you watch some channels in this country day they go with the news nothing been done in our and so we had to stick on that to a certain degree can i just say i want a moderator who can tell people to shut up. >>in the in all cases and make it work all we back with more highlights and more analysis after >>everybody to a special edition of inside bay area politics, i'm catherine heenan we are joined by our analyst michael yaki tom del beccaro and david pick taken to smile and they've been watching this another 90 minute, no brakes debate. well one of the topics we'll come right back to you gentlemen, health care and we want to play a little bit of that conversation. if you have a preexisting condition. >>heart disease diabetes breast cancer. they're coming for you. >>we have a chance to talk about health care because obamacare was a disaster. the american people remember well. president trump and i have a plan to to improve health care and for present protecting preexisting conditions for every american. >>all right there were some strong moments but they're also a lot of times when they both sort of one drifting and did not always directly answer questions what stuck out to you in terms of the other topics aside from a coronavirus and michael will go to you. >>mean i'm going go back and say and say this which is i'm going pence and reach back to the 4 former question. i think i think that this what this debate

tom: you are such a dodgers fan. i can see you sliding in with haley kovacs behind the home plate there. jonathan: i can't afford your tickets, tom. tomwould have to get the $600 fancy sunglasses, though. jonathan: i don't think that's me. tom: i can just see you at the sunset hotel there. i can just see it. lisa: that's a new insult. you are such a dodgers fan. jonathan: the sunset hotel. i don't even know if that is an insult, lisa. i'll run with it. alongside tom keene and lisa abramowicz, i'm jonathan ferro. bazinet of citi global markets. we are down 0.1%. from london and new york this morning, good morning. this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. senate republican leader mitch mcconnell may stand in the way of getting a new stimulus package before election day. bloomberg has learned mcconnell has warned the white house not to rush into an agreement that he has not committed to taking a vote. nancy pelosi and treasury secretary steven mnuchin are moving closer to a deal. pelosi says she is hopeful for an agreement this week. the coronavirus pandemic is quietly gathering force in a region that has

tom, anna? tom: thank you so much. this is a joy, it's an essay needed in this political season, the candidates are natural tonight. it is tennessee transformed by the medical industry, the service sector part of nashville. there is the explosion of industry in texas and i mean that's almost in a 19th-century way. then, there is the west. has reallykler massaged the data of the west that we in the east don't understand. what don't we understand about idaho? to be one ofappens the most internationally minded states in the u.s.. that is because it is engaged with the world. it's great to be with you, tomu very much. one of the most striking things, it is the fastest-growing state in terms of population but also happens to be a powerhouse exporting to the rest of the world. oft is largely because companies like micron technology, based in boise, idaho, which is a major tip maker -- major chipmaker. it is not just potatoes. tom: that's a good idea. across all of your work in this essay on arizona and utah as well, part of the great challenge in this political season is the pesky democrats moving to republican states. do you and chin pay understanding the tip point where idaho becomes democratic? matt: look, wherever you see diversity, and business brings diversity, wherever there is business diversity there will be a collation diversity. is just a natural outgrowth. that is what idaho, utah, and arizona have in common. , butna is much larger these are states that are becoming increasingly diverse. when they become diverse, their politics changes well. -- change as well. what you have se

this virus is going to spread as it does if we are not careful and tom: tom: keep safe practices. -- careful and keep safe practices. tomer the first time i saw plexiglas at an ice rink. tonight we will have plexiglas at the vp debate. does that work? dr. fuller: you know, it does. it is a barrier. mainly the way the virus is spread is through -- tom: the aerosol is not going to go around the plexiglas? dr. fuller: i don't know if you have ever seen one of these pictures of when somebody sneezes or coughs, and where the aerosols go. -- every very much little thing helps. you see people wearing face shields. that is designed to contain aerosols as much as possible. obviously, it is not perfect. face masks would be better. but it is better than nothing. tom: we are focused on the fossils. , 76.giuliani coming on the president, 74. the former vice president, 77. what is your prescription for the younger in the white house that have this illness? they are 30, they are 35. the stephen millers. how should they go about getting over the virus constructively? dr. fuller: like everybody else has been recommending, they are going

tom tom. foreman wine cellar is unfortunately they no longer used to such today. there are cell is under the whole of tartan tub because at the end of the 20th century it was a huge wine trading center people said it was the 2nd largest wine trading center in europe after bordeaux in france and in the year 898 alone some 18000000 leases of wine made their way from here out into the big wide world. the 1st thing all visitors notice above ground is the bridge gate on the muzzle at the beginning of the 19th century there was enough wealth here to commission the well known berlin art nouveau architect when the ruling he not only designed the bridge gate but also a number of villa. park noble architecture characterizes tom caught up to this state a great place to start my journey along the muzzle. today i want to find out why the result is one of the most beautiful river scapes in germany so i'm all for right along a part of them was ill psychopath from top to call him but that's not all i'll also be finding out why mazel wines are so special and. for one thing wine growing on them as well dates back to roman times. but there are also other attractions in the area like the mediæval else castle. and if you're from argentina will also show was around her hometown some that are failing. the nice thing about a bike path that runs along a river is that it's fairly flat at lee. east as long as it is close to the water the muzzle valley also offers a lot of puta falkiner around us but for those you have to paddle a little harder. but it's worth taking to detour uphill here for example or the ruins of cleveland book castle built in the 14th century it was repeatedly attacked destroyed and rebuilt until it was f

tom! tom moore! he was walking and i said to my son, "i can walk as well." like captain sir tom charity. and like sir tom, it's been recognised by the queen. with no immediate sign of an end to the pandemic, this list is just the start of honouring our covid heroes. anna collinson, bbc news. sport and for a full round up, from the bbc sport centre, here's chetam. the 19—year—old has beaten the australian champion sofia kenin in straight sets at number 5a in the world. she is the lowest ranked female finalist at roland garros for 40 yea rs. female finalist at roland garros for 40 years. achieve the first set against the american 6—4. she hadn't dropped a set throughout the tournament and that record continued as she swept sofia kenin aside and she becomes poll on's first grand slam champion. meanwhile, britain's alfie hewett has won his second french open wheelchair singles title and beat the belgian player 24 hours after winning the doubles title with gordon reid. next, wasps are into their first premiership final since 2017 after beating bristol 47—24 in their play—off semifina

tom and francine from london and new york. tom, in the last couple minutes we had confirmation there would be much stricter measures on london from saturday. remember the three tearing system we were talking about? currently we are at one, which means it is only six people meeting at the same time indoors and outdoors from saturday. that is over, so restaurants remain open, schools remain open, but two households or two bubbles cannot mix unless at work. tom: i'm speechless. i was just talking to jon ferro, just getting up at the crack of 9:00 a.m. in london, about the uniqueness of it. there are two separate parallel worlds and the united states, where europe and the pandemic is off the radar. clearly in europe it is unraveling. francine: it is. we are all dealing with the same virus, having the same effect on people, but if you look at germany come it is different on how they decide to do with it, compared to macron, with tighter measures. now let's get to the bloomberg first word news with ritika gupta. ritika: the chances of congress passing a pre-election stimulus are all but gone. treasury secretary steven mnuchin is blaming politics. he says democrats don't want to give president trump something to brag about in his campaign. democrats say the white house never took the need for another stimulus seriously enough to push for a compromise. senate democrats are all but powerless to keep amy coney barrett off the supreme court. they wi

tom! tom moore! he was walking and i said to my son, "i can walk as well." like captain sir tomcharity. and like sir tom, it's been recognised by the queen. with no immediate sign of an end to the pandemic, this list is just the start of honouring our covid heroes. anna collinson, bbc news. bangor in north wales has just gone into partial lockdown this evening. as of six o'clock tonight, residents will not be allowed to leave or enter eight council wards without a reasonable excuse and can only meet outdoors. bangor currently has around 400 positive cases per 100,000 people. elen wyn reports. eight wards within the city of bangor will face further restrictions from tonight. and although it seemed busy on the high street today, business owners are worried. we have never caught up with the footfall we had before the first pandemic it is in february and the streets are probably 10% footfall in comparison. we must look after a ll footfall in comparison. we must look after all businesses including retail as well. we are not getting the football back. the new tighter rules in bangor o

tom! tom moore! he was walking and i said to my son, "i can walk as well." like captain sir tom recognised by the queen. with no immediate sign of an end to the pandemic, this list is just the start of honouring our covid heroes. anna collinson, bbc news. now it's time for a look at the weather with matt. good evening. definite autumn chill in the air today and there will be again tomorrow, but compared to today, there will be fewer of those darkening cloud and downpours and that of course does mean a little bit of sunshine in between the downpours, there will be fewer in the way of rainbows around as well. what we have at the moment is an area of low pressure still close by but moving eastwards. because of its proximity to us, we have still got the showers around, but because it is to the east of us, we are dragging air down from the north. that area of low pressure moves away slowly through the night and the showers will start to fade, particularly inland, as daytime heating disappears. a few showers continue in northern ireland, wales, the south—west. showers most frequent ac

tom, tom moore! he was walking, and i said to my son, "i can walk as well." like captain sir tom it has been recognised by the queen. with no immediate sign of an end to the pandemic, this list is just the start of honouring our covid heroes. anna collinson, bbc news. a ceasefire was supposed to come into effectjust over an hour ago between armenia and azerbaijan, whose forces have been fighting over the disputed territory of nagorno—karabakh. it is unclear whether all fighting on the ground has stopped, with both sides saying the other has broken the truce. it was agreed during talks in moscow that stretched deep into the night. mark lobel reports. after nearly two weeks of fighting, a diplomatic breakthrough to allow a swap of prisoners and the deceased on the road to peace — thrashed out in moscow. announcing the humanitarian ceasefire after ten hours of talks, russia's foreign minister said substantive negotiations are ongoing, with the aim of achieving a peaceful settlement as soon as possible. if russia intervened militarily to defend its treaty ally, armenia, it would have

tom! tom moore! he was walking and i said to my son, "i can walk as well." like captain sir tomy has raised money for charity. and like sir tom, it's been recognised by the queen. with no immediate sign of an end to the pandemic, this list is just the start of honouring our covid heroes. anna collinson, bbc news. a fragile ceasefire has come into effect between armenia and azerbaijan, who have been fighting over the disputed territory of nagorno—karabakh. the hostilities have mainly stopped, although both sides have accused each other of violating the truce. these pictures were released by the azerbaijan defence ministry, which says it continued combat operations overnight and this morning until the ceasefire came into effect. at least 400 people have been killed and tens of thousands displaced in two weeks of fighting. nagorno—kara bakh is governed by ethnic armenians who broke away from azerbaijan in the 1990s, but whose administration is not recognised internationally. 0ur correspondent 0rla guerin sent this report near the front line in azerbaijan. well nagorno—kara bakh is

tom! tom moore! he was walking and i said to my son, "i can walk as well." like captain sir tomlike sir tom, it's been recognised by the queen. with no immediate sign of an end to the pandemic, this list is just the start of honouring our covid heroes. anna collinson, bbc news. sport now and a full round up from the bbc sport centre, here's chetam. good afternoon. we'll start at the french open, where the polish teenager iga schwiatek has made a brilliant start against the favourite sofia kenin and could be about to pull off one of the biggest upsets in grand slam tennis. at number 5a in the world schwaitek is the lowest ranked woman finalist at roland garros for forty three years, but the 19 year old won the first set against the australian open champion 6—4. schwiatek is 2—1 up in the second set with kenin currently off court getting treatment for an injury. ahead of that final, britain's alfie hewett has won his second french open wheelchair singles title. he beat belgium's joachim gerard in three sets, just 2a hours after winning the doubles title with gordon reid. next to f

tom keene readjusting his tie in new york. tom: 20 days. francine: the focus is on u.s. politics and we will have leslie vinjamuri on shortly, but the other question is where -- what has apple become? tom: instead of the markets and the nasdaq war that we have seen , ties into apple, this was actually, francine, a huge deal yesterday. arguably the biggest meeting they have had in three years. we are not going to go apple fan boy on it and explain all the stupid is that and the other thing. but i also want to go in with alex webb, sort of the racket that they've got where everybody has to upgrade because this is old technology. this phone is a failure. i have to get rid of it. francine: the question i have been asked the most is, do we have 5g here, and people just don't know yet. let's get to the bloomberg first word news with leigh-ann gerrans. leigh-ann: prospect of another stim list package before election day look bleak. president donald trump and senate republicans are at odds. the president is urging them to "go big or go home." senate majority leader mitch admitting to aly vote on small businesses. nancy pelosi says the latest offer is not big enough. the world's top central ban

tom: it has been challenging. i thought you were going to amd off of xilinx. you're confusing me, jon. jonathan: we will get that later. tom: it is like work here. jonathan: the place he would watch a movie at, tom. tom: when was the last time he went to the movies? they are back almost two pandemic lows of march and april right now. i guess they've come back a little bit. that's all there is to it. jonathan: lisa, you have been following the debt story as well. this has been one of the candidates people have been a little bit worried about in the last month. lisa: frankly, the fact that the shares are up this much in premarket trading on the news that they are just reopening theaters indicates how low the bar is. that's all i can say. jonathan: exceptionally low for this industry. it is tough. of avonp, tina fordham hearst advisory services weighing in on the selection. we might have a result on november 4. it might be an issue for this market because maybe we won't. tom: it could go on as long as brexit. jonathan: what, four and a half years? tom: yeah. [laughter] jonathan: i hope not. you hope not, too. this is bloomberg. ♪ -- has been sworn in as a justice of the supreme court. required of t

tom. tom: no question that we burst through that. there are really good charts showing the percentage dynamics seven days from the election. ed ludlow's good work, the social media debate is front and center as well. what is important is it seems each social media is different. in its interpretation. francine: of course, but also because it reaches a different audience. it is up to each social media given the amount of scrutiny, who they reach and how they influence. let's get straight to the data. i don't know if you want to take it or if i should start. basically we just had quite a lot of earnings, and if you look at the industry, it is an industry by industry look. some at hsbc, that are than expected. others not so well. we are seeing fluctuation on u.s. futures, european stocks down, also looking at crude oil a little bit higher. treasuries and european bunds steady. tom focused on turkish lira. we will get to that in a second. tom: 8.16 on the wreck, dramatically weaker in the last few days. coming up come on cap gemini. this is bloomberg. good morning. ♪ ♪ tom, shares of -- are rising as the firm reports third-quarter revenue that beat estimates. following -- disappointing results from sap. joining us from paris, the chief financial --, thank you for joining us. i want to get onto your earnings in a second. first, is there fallout from what we heard from sap that would impact --? yesterday was pretty ugly for stocks in your industry. were quite surprised about the devolution of our own stock prices. dependency on sap implementation projects this quite slow, it is a single digit number in terms of weight in renews. when we look at our site, the traction is there for now. as you know, one of the attractions for growth for us is cloud, digital and cloud. in termsee on our side of revenues. francine: what did you learn from the selloff yesterday? linked

tom keene, jonathan ferro, and lisa abramowicz. from new york and london, for our audience worldwide, good morning. this is "bloomberg surveillance ," live on bloomberg tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. 0.7% this monday morning. the president of the united states recuperating. tom: nine tweets in the last 39 minutes. soare still at nine tweets, i guess that is one sense of his activity. all of the effort back and forth over the weekend. i would really focus on the immediacy of the calendar forward. we've got the vice presidential debate on wednesday. 10 days out to a presidential debate, i believe still scheduled. jonathan: so far. tom: and in 29 days, the election. i think those are the numbers that get everyone's attention this morning. the national polling not looking good for the president of the united states. on twitter right now, that is the campaign for the president right now, knowing what these polls look like at the moment. tom: around 10:00 -- make it around 10, we've got a new tweet. "91% approval rating. vote!" these are short bursts of tweets , i guess showing the action that he wants to come out of walter reed this morning. jonathan: and hit became pin trail, virtually speaking -- hit the campaign trail, virtually speaking. lisa: to me, really i

tom! tom moore! he was walking and i said to my son, "i can walk as well." like captain sir tomry has raised money for charity. and like sir tom, it's been recognised by the queen. with no immediate sign of an end to the pandemic, this list is just the start of honouring our covid heroes. anna collinson, bbc news. with all the sport now, here's chetan pathak at the bbc sport centre. good afternoon. you've heard about marcus rashford's mbe, in the delayed birthday honours. a number of other sports people are also recognised. among them, former wales and lions coach warren gatland gets a cbe. brendan foster becomes a knight. as an athlete, he won gold in the 5,000m at the european championships in 197a. and after retiring, he founded the great north run, one of the world's most famous half—marathons. we have had a0 years of an event growing in stature and size, people loving it more and more, raising millions of pounds for charity, putting the north—east on the map, becoming the flagship event of the north—east. and i really think when the queen decides i should receive a knightho

tom, tom moore! he was walking, and i said to my son, "i can walk as well." like captain sir tomueen. with no immediate sign of an end to the pandemic, this list is just the start of honouring our covid heroes. anna collinson, bbc news. one of those honoured with an mbe is jay flynn. a former pub landlord who went from sleeping rough on the streets of london to hosting the world's most popular online quiz who raised more than £750,000 for charity during lockdown. jay, thank you forjoining us and congratulations. how do you find out about your work with mike the same way as everyone else, i think via e—mail. way as everyone else, i think via e-mail. i wasjust about to go live with one of the quizzes on thursday night, it was 20 minute before and is e—mail pops up from the cabinet office, i thought, is e—mail pops up from the cabinet office, ithought, this is e—mail pops up from the cabinet office, i thought, this looks a bit official, i also read this. i nearly fell off my chair, i could not think it was real, i spoke to on the day after and they said it was com pletely after and

tom, tom moore! he was walking, and i said to my son, "i can walk as well." like captain sir tome sign of an end to the pandemic, this list is just the start of honouring our covid heroes. anna collinson, bbc news. amazing work, congratulations to heaven has been awarded an honour in that list by the queen has made birthday honours, just to let you know, we are going to be bringing you on about when hours' time, live coverage from andy burnham who says, together with other mayors from the north, he is going to be updating their position so that is in one hour's time, this is bbc news. here is louise. hello there, it is a saturday sunny spells and sunny showers, but inquire because of it due to a collapse when. it is a saturday of sunny spells and scattered showers, but feeling quite cool with that, due to a brisk north—west wind. for some of us this morning, it has been a beautiful start, but the shower clouds are already starting to gather, as you can see in cornwall and some of those showers are really quite intense. this has been the story over the last few hours, rain moving

tom keene, and an extraordinary newsday. a mediterranean and another terrible set of murders in that city on the mediterranean. francine: yeah, toma developing story, so i want to be careful what we tell our, you know,

tom has another one. ron, do you watch a lot of basketball? if so, who are your favorite players? >> lebron james, the lakers of course. i have to tell you i know tom. tom and i met in the village here at redondo beach several times and he's just a wonderful writer. but anyway, time, as a told you many times, my great game is, like great sport is baseball and the dodgers. i love the dodgers and a gruff a yankee yankee fan and this is a big deal, a kit from new york, this is almost sacrilegious, a kit from new york coming out to california and becoming a dodger fan, actually becoming, in my neighborhood where i grew up, you either hated the yankees and love the dodgers are you loved the dodgers, you know, you loved the yankees and hated the dodgers. between the two blocks, there was a dodger fans in the yankee fans and i was a yankee fan, mickey mantle, roger marist, i know the whole team, i know every position. and if you're a fan, if you really love your sport you will know everyone of them. you know everything about them. you will lift that sport. basketball i'm very aware of football come very aware i i love to watch basketball, very proud, ever take

tom keene is in new york. tom, i have to say i watched a lot of the president's dismissal from hospital late last night, late into the london night, and i was surprised but two things. first of all, there were more than 25 tweets by the president, not one mentioning his wife or other people infected, and trying to play to this bravado of he has beaten covid-19. i don't know how that will play out into the polls. ," for the international audience -- tom: for the international audience and for you, i will just say that the nation stopped to see this. there is no other way to put it. obviously a vice presidential debate, kevin cirilli is on top of that. but far more, we will find the path of this virus with the president. he says he is maybe not immune. rumor has it he is not immune, he does have the virus. so we will see on that. but far more, we will see the polling after the debate, and then the polling after this illness, and that will be fascinating. that is a great unknown. francine: and that will of course play out into how the market perceives the election on november 3. less than 30 days away. let's get to first word news with ritika gupta. ritika: president trump is released from the hospital where he was treated for coronavirus, leaving unanswered questions about his condition. the white house doctor says the president may not be entirely out of the woods yet. he said further care would be provided over the next few days. pl

tom. it is a wonderful book i want to encourage everyone to read it and buy multiple copies. >> great questions. tom. prof. schwartz: wow. jeremy poses excellent points and i appreciate very much what he said about the book. that is probably the highest praise you can give an author, that you have got to them to think about something. i know that is one of the things i hope to do in the book. the abuse of power by the executive, yes, i think kissinger was one of these figures who was concerned about leaks. it was one of the driving things that led richard nixon to get the plumbers and that kissinger had a connection to some of the people who worked on his staff. one of them has written a fascinating doctoral dissertation and i encourage people to look that up. but i think this is where kissinger, both being political and nonpolitical, paid off. in a way, the image he shaved -- shaped, the president does not talk to me about domestic politics, was something that the media was happy to believe. very happy to buy into and give him a pass. there is a wonderful line that walter cronkite added and they we

tom. oh! tom, you need a little tom time. a little tt. stop living with at&t. elivers gig speeds to more homes than anyone. >>> welcome back to our viewers in the united states and around the world. european governments are skrakling to get covid-19 under control. the red and orange you can see here show areas where the virus spread is up from last week. at least 10% more than the week before. germany recorded more than 7800 new cases saturday. that's a new record. one german governor warned the nation is in danger of, quote, losing control in some areas. meanwhile in italy one of the hardest hit nations at the start of the pandemic, there were almost 11,000 new infections reported from friday to saturday. that's a new daily high. cnn has reporters covering the co-vid crisis from across crisis. let's join ben wedeman. a record number of new daily infections in italy. the prime minister is due to announce new restrictions. what can we expect? >> reporter: yeah. it's important to keep in mind this is the fourth day in a row that we've seen record highs. highs far

tom wood maybe love to do that now come up ash tom would maybe love -- tom would maybe love to do thatt let's avoid it. michael: you've got to think about the central bank policy response. it has been overwhelming. central banks are all in. we think virtually any hints of weakness will come with additional, date of moves -- additional accommodative moves. the challenge in the europe is you have 70 countries trying to agree on what time it is, they have a difficult time agreeing to spend money. in europe isial limited. lisa: we saw even the fed balance sheet increase the most in several months last week. markets are doing just fine. what is the threshold for them to come in with more firepower, and what is that firepower? michael: we get this question quite a bit. people say, is there a limit on the fed balance sheet? for our perspective, we would say no. the fed has already ramped it up by enormous amount. does anyone really understand what the fed balance sheet is anyway? probably not most people. if they take that number up sustained chili -- up substantially, we doubt it. how much o

tom: an unfair question, but it is unfair friday, george saravelos -- are you talking about a 3% move or something much larger, or are you talking about -- george: i think much larger, tom. we could potentially be talking 15% lower move, especially against emerging markets. when you look at some of the things that we are worried about, how does it play out in currencies that are considered havens? we worry about the lockdown and inflation, so what would you do with yen or swiss franc? george: here is how to think about these things. it does all go back to the u.s. election. i think in the event of a biden presidency, the market will significantly reassess foreign policy. imagine waking up to a world where we don't have to check our twitter account every day to understand trade policy and tariffs on china. that in itself is a very big risk premium on the dollar. i think around 10%. the more predictable foreign policy would be driving a weaker dollar. to the policy mix, in terms of this unprecedented combination -- ary -- of fiscal eating fiscal easing, if the presidency goes democratic -- that should benefit emerging markets. the key one in terms of thinking about the risks to the virus is a vaccine. we monitor the news flow closely and we expect the vaccine after december, and the market is forward-looking, so even if we don't get a rollout, i think the market would react very positively to a vaccine announcement, combined with the u.s. election. tom: absolutely fascinating and valuable on a friday. we will come back with george saravelos and look at this troubling united kingdom story of brexit and pandemic. market, a churn to the the market looking for information and looking for direction. gideon rose will join us, a monthly review of his foreign affairs magazine. this is an exceptionally strong and the capitalism future of international relations. stay with us. from london, from new york, this is bloomberg. good morning. ♪ pres. trump: i knew it was a big threat. at the same time, i don't want to panic this country. i don't want to come out and say everybody's going to die. 4% of the we have world population and we have 20% of the world's deaths. what is he doing? nothing. pres. trump: we had the greatest economy in the history of our country, last year in the state of florida where we are now, pennsylvania, every place -- the greatest economy we have ever had. we had to close it down, we saved 2 million lives. a vpened it up,

tom. oh! tom, you need a little tom time. a little tt. stop living with at&t. xfinity delivers gig speeds to more homes than anyone. judge jeanine: fox news obtaining more emails allegedly from hunter biden. this as social media season censors the original story. good evening, senator, you have been in congress for the better part of a decade. talking about directly right now big tech, do you think there is a way to regulate them and consider -- break them up as a monopoly? >> there is definitely a way to regulate them and manage this as a monopoly. facebook has been notorious, if they have a good competitor, necessity just buy them. that's how we have instagram and what's app. all this conversation about section 230 was designed to protect for decency and criminal activity and child pornography. now it's being used by facebook to block out conservative thought and monitor that. it's not illegal conversation. to them it's helpful in the campaign. at the end of the day they are trying to do payback. all their liberal cronies felt they didn't do enough to stop pr

tom keene, jonathan ferro, and lisa abramowicz. from new york and london, for our audience worldwide, come morning -- worldwide, good morning. this is "bloomberg surveillance ." alongside tommowicz, i'm jonathan ferro. a day away from an election in america. we call that "eight days a week,"

tom. tom meet. me. on the phone. to the point of strong opinions clear positions international perspectives. after days of uncertainty don't just say donald trump no longer has any coated 19 symptoms so what's behind the president's mysterious recovery and will the corona i'm demick to sign the u.s. election find out on to the point shortly. to the point. is we cut the minutes on d w to be officially christmas or just shows numbers but rather shows. the business of the box. because. tom. credits the smart ways to get where you're going. to. read. on t w. this is so no story about a stubborn rice farmer from thailand. his problem past. his crew no chemical. was. the students or my. posts don't stand a chance. train in successful. talk to me starts october 15th. this is news of live from berlin germany's capital is declared a coronavirus hotspot the number of cases in the city surpasses a key threshold tougher restrictions are already being introduced also coming up their 2nd u.s. presidential debate could be pushed back as donald trump rejects a virtual encounter and rival joe biden says he'll talk directly to voters. and a surprise choice by the swedish academy for this year's nobel prize in literature 77 year old american poet glick is honored for her and miss. thanks for joining us berlin has been declared a hotspot after rising above a critical threshold for new cases there german capital had already an ounce it was introducing tougher restrictions germany's disea

tom and tom's comment from lisa. i am not sure what is going on this morning. lisa: upside down, jon. tomthe temperature at kennedy space center, 78 degrees, which is always important for those who remember the difficulties of a winter spaceflight. we don't have that worry here today at all. looking at spacex and the excitement of the technology has so much improved from what we remember with mercury and gemini, and of course, with apollo, and then on to skylab and the rest. remarkable improvement here as well. let us watch for the moment. 6, five, 4, 3, two, 1, 0. ignition, lift off. [rocket engines] >> t plus 40 seconds, successfully launching from kennedy space center. tom: still something remarkable to see over the atlantic ocean. this is spacex moving forward, and of course, there will be a sequence here of boosters and rockets. we will have to look for that with all of the new technology as well. i believe we may be seeing a challenging moment here. we want to look forward here. we are getting reports on this now from spacex's. let's continue with this video right now. away.l see th

[applause] judy woodruff: tom brokaw, a question for senator quayle. tom tom brokaw: thank you, judy. tom brokaw: thank you, judy. senator quayle, there's been a lot of talk during the course of this campaign about family. it was a principal theme, as i recall, in your acceptance speech in new orleans. tonight i'd like to ask you about the 65 million american children who live with their families in poverty. i'd like for you to describe to the audience the last time that you may have visited with one of those families personally and how you explain to that family your votes against the school breakfast program, the school lunch program, and the expansion of the child immunization program. [applause] senator quayle: i have met with those people, and i met with them in fort wayne, indiana, at a food bank. you may be surprised, tom, they didn't ask me those questions on those votes, because they were glad that i took time out of my schedule to go down and to talk about how we are going to get a food bank going and making sure that a food bank goes in fort wayne,