we will observe both of those on bloomberg tv and radio. om new york, this is bloomberg. ♪ >> president biden urged the chinese president to cooperate on key issues while they fight on other topics. they spoke for 19 minutes. the president initiated the call after becoming frustrated by cabinet level meetings. the u.k. has sorted 31 terrorist attacks in the last four years. the terrorist threat to the u.k. is a real and enduring thing. the taliban takeover will embolden terrorists. the rally in metals is heating up. nickel rose to a seven-year high. demand is surging in construction and it's making it tough to get metals where it's needed. they have decided not to go ahead with the office take. that is the second failed attempt to sell itself. harvard has agreed to stop investing in fossil fuels. they will use the endowment to support the green economy. students have protested for years, calling off fossil fuel investment. this is bloomberg. ♪ >> right now, we are going to have an equilibrium. i think the risk around cyber is higher. our exp

elsie the rest of you on bloomberg tv in 19 minutes -- i will see the rest of you on bloomberg tv in utes. this is bloomberg. ritika: with the first word news, i'm ritika gupta. congress is coming and close on an effort to avert a government shutdown. the house and senate are expected to extend government spending to december 1 just hours before the new fiscal year begins. the house plans to vote today on an infrastructure package that underscores deep divisions among the democrats. the g7 economies are looking for ways to restart international travel. bloomberg has learned transport and health ministers will meet virtually. the meeting is aimed at moving closer to a consensus on how to ease order restrictions. some countries, including members of the eu have used vaccine passports. others like the u.s. have had -- ranging from politics to policy. china is applying its no tolerance coronavirus policy to the winter olympics in beijing. olympic athletes who are not fully vaccinated will be quarantined for 21 days once they arrived. u.s. auto sales probably plunged in september according

craig: i hear from the chip side of the equation so we will hear bloomberg tv will have the ceo of aller today and we will also hear from the ceo of intel at the show. we will hear from angela merkel and this will be her last german auto show as chancellor. there has been a lot of talk about, you know, the need to invest in this and for germany to be less reliant on, you know, outside sources. we have the world's largest auto supplier based in germany making some small investments but they are really more of a consumer than a sip buyer of chips themselves. they don't make microcontrollers, which is where the pinch point is really being felt for the industry. they are concerned about this, too. i think that they are sort of echoing that we heard from volkswagen's ceo on bloomberg tv yesterday that, you know, this is an issue that may be a bottleneck for months and potentially years to come. manus: where are we in the eva transition for german automakers and supply chain and assuring that they have those adequate funds is but also retraining, retooling the workforce? craig: you mentioned

this is "bloomberg surveillance ," live on tv and radio.longside tom keene and lisa abramowicz, i'm jonathan ferro. futures down six after yesterday's rally. we are down a little more than 0.1% on the s&p 500. it is about claims. it is about retail sales. tom: of course, all of this to the fed meeting and what it means for the stock market. if you are getting out of your car on bloomberg radio, stay in your car. if you are in the living room and going into the kitchen to get a glass of tang, don't, because anna han is coming up with the sharpest note wrapped around that economic data. it is the way they get there. they have the acuity that is really unique. jonathan: lisa, one of the big bulls on the street right now going into year end. lisa: everybody is sort of expecting maybe a little softness, and even the people who had previously been a little more bearish are getting more bullish. even the bears are buller bears then they were before. the narrative is not changing for people depending on the data. it is really just what your view is

meanwhile, comments made friday on bloomberg tv, finance holdings, insider trading and market manipulationsfinance u.s., which is a separate entity. it was the former ceo of finance u.s. who recently stood down, not finance holdings. we remove the clip online. taylor: "bloomberg technology" is next in the u.s. romaine: this is bloomberg. ♪ >> from the heart of where innovation, money and power combined in silicon valley and beyond. this is "bloomberg technology" with emily chang. emily: i'm emily chang in san francisco and this is "bloomberg technology." the death toll by covid-19 in the u.s. has surpassed that of the 1918 influenza pandemic. ne many

full coverage here on bloomberg tv and on bloomberg radio. equity futures -12, down 0.3%.s is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. corporate faxing policies -- corporate faxing policies -- corporate faxing policies -- corporate vaccine policies are incorporating mandates. ford calling it quits in india after failing to make significant inroads. ford will shut down its indian factories and take a restructuring charge. about 4000 and please will be affected. american airlines has seen a big drop off in passenger bookings due to the spike in covid cases. the airline estimates third-quarter revenue to be down 32% versus 2019. ed expects booking to recover once covid cases speak -- cases peak. hackers made off with a trove of data that could be used to target you and agencies. no word target un agent to -- target un agencies. no word who was targeted. u.s. antitrust officials have made public the data they are using to help prove mice book has a -- proof facebook has a monopoly over social media. the company said that the case is without merit. globa

there is a whole lot more through the day on bloomberg tv and radio.r grand closing positive today by almost four percentage points. kailey: all the way down to 347, after the second ratings downgrade. they had to cut the rating even further into junk. the question is not just about evergrande. this is a story that is not going to go anywhere anytime soon. jonathan: lisa, we can talk about the debt profile. a report suggesting that evergrande plans to suspend interest payments from two loans. lisa: just to add on, $300 billion liabilities to other borrowers, including shadow banks. to give you a sense of the potential ripples. the issue is not debt maturity. it is simple interest payments. jonathan: let's talk about contagion risk. lisa: who has gone into china to buy securities? we saw how interconnected these banks were. these are the types of notes of contagions that we have to look out for. jonathan: joining us is emily wilkins. politico publishing talking about the senate bias of this administration. emily: you have to have the house pass legislat

i hope that you are right because we will have full coverage here on bloomberg tv.'s get to the rapidfire around. three quick questions, three quick answers. the 10-year yield is at 1.33. what is first, 1% or 2%? subadra: that is a tough one. i will say 1%. jim: i agree. 2%. collin: 2%. jonathan: taper announcement, september-december, or november? subadra: december. collin: november. jim: december. jonathan: first rate hike, 22, 23, or beyond? jim: late 22. collin: 2023. subadra: probably early 23. jonathan: you all how to think about those. i think that indicates something. thank you. enjoy the long weekend. from new york city, this was bloomberg real yield. this is bloomberg. ♪ and there you have it— -woah. wireless on the most reliable network nationwide. wow! -big deal! ...we get unlimited for just $30 bucks. sweet, but mine has 5g included. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. switch to xfinity mobile and save hundreds on your wireless bill. p

this is bloomberg tv. it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. mark: president biden says most americans with the pfizer vaccine will be able to get a booster shot six months after their second shot. that is after the center for disease control prevention director rotted eligibility for the shot beyond the recommendation of the cdc advisory panel. the decision of which booster shot to give, when to start shot, and who will get the shot, has led to the scientists and the doctors. that's what happened here. about 100 million people in the united states have been fully vaccinated the pfizer shot. only 20 million are immediately eligible for a booster, because six mo

we will stay on top of this on bloomberg tv and on bloomberg radio. saturday evening, i'm minding my own business and i get a message about the u.s. open winner and i start watching this interview with her. she is asked to name her three dream dinner guests. take a listen to at the u.s. open winner had to say paid -- say. >> daniel raqqa auto, michael jordan and the third would probably be tom keene from bloomberg. i did my a levels in economics, i was having to keep up to speed with the latest news and he made it in a way using analogies that were relatable and quite funny and very understandable. jonathan: i already knew, watched bloomberg surveillance and if you are watching, good morning. i have to say i'm disappointed. the other issue i have is she understands you? [laughter] tom: i am reading in on tennis like nobody. what i can do, my hockey coach look to the tennis coach and the tennis coach said don't give up the day job. jonathan: she is very welcome on this program whenever she is available. equity futures down 59 on the s&p 500. futures, i

this is "bloomberg surveillance ," live on tv and radio. keene and lisa abramowicz, i'm jonathan ferro. futures down six after yesterday's rally. we are down a little more than 0.1% on the s&p 500. it is about claims. it is about retail sales. tom: of course, all of this to the fed meeting and what it means for the stock market. if you are getting out of your

this is "bloomberg surveillance ," live on tv and radio. tom keene and lisa abramowicz, i'm jonathan ferro. your equity market up 27, bouncing back 0.6%. it week for economic data

through the morning on bloomberg tv and radio.oming up, brian levitt from invesco on the equity market that keeps climbing. the equity market is up another eight points. on futures we advance 2/10. heard on radio and seen on tv, counting it down to payrolls this friday as the estimate comes in a little bit. it is a week of an expected employment component and we will talk about that data later this morning. from new york, this is bloomberg. ritika: a divided u.s. supreme court has refused to block a texas law banning abortions after six weeks of pregnancy. they want the law to be put on hold while the legal fight goes forward. the measure will ban abortion for at least 85% of the patients in texas. the remnants of hurricane ida ripped through new york, new jersey and across the northeast and it triggered tornadoes, understands and torrential rains where streets were inundated and traffic was a mess and train service was suspended in manhattan. more than three inches of rain fell in central park in one hour. there were at least eig

heard on radio, seen on tv, for our audience worldwide, this is bloomberg. ♪ it's moving day. ile her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. jonathan: live from new york city, looking to guide you through to the weekend. equity futures down 21. yields are aggressively higher than yesterday session and are unchanged now. the turnaround of the week is in the bond market. can you make sense of the bond market wednesday into friday. lisa: i don't understand it and everyone tries to give it a narrative. the one correlation is as we got word in europe about a little more of a hawkish yield, there is more of a shift yesterday. jonathan: the first thing i did was got back home and logged onto bloomberg and saw that securities were online. it was predicte

treasury secretary larry summers on bloomberg tv's wall street week. cinations and new variant strains won't end until covid-19 has touched almost everyone. it is one of the takeaways from today's bloomberg big take. it won't happen for the next 3-6 months. bloomberg's reporter michelle cortez joins us now. there is some indication that numbers are coming down in countries hardest hit. how optimistic can we be at this point? >> we do know that the case numbers will come down. we have seen it over and over again. the implications here with this latest report is that it is unlikely this will be the last wave of coronavirus. we will see it coming down in the early stages of autumn but expect to see an increasing number of infections in the fall and through the winter and through the beginning of 2022. francine: a fabulous story -- nearly all of the predictions -- nearly all will be infected or locked down. >> we are going to be seeing more lockdowns. there will be school closures. we are already seeing some of that. there will be an increase rush to get va

jon: live from new york city for our audience worldwide on tv and radio, this is "bloomberg surveillanceround tuesday in this equity market. the s&p advancing .9%. it's bouncing back from its biggest one-day loss since may. next i futures up .7%, the rustle up as well. it is tough to get through the week. the federal decision -- fed meeting tomorrow, we still -- this is a snapback, little bounce back from yesterday's big move lower. switch of the ball, a similar story in the bond market. yesterday yield in, haven demand, we reverse it a little bit, yields a by a basis point or two. 1.3260 on tens. just outside of this story, let's spend some time on what is happening elsewhere. let's get to the airlines, in europe, take a look at this. ihv up 3%, -- iag up 3%. up 25% in five trading sessions. the news yesterday that this country will reopen things for foreign travelers if there unvaccinated, unlocking a big rally in those badly beaten up airlines. this has been shut now for 18 months? americans have been able to go over to europe, there has not been reciprocation. now we unlock the story

on bloomberg tv, twitter, youtube. also tomorrow our exclusive conversation with the totale ceo. going supply chain problems. what is the political fallout in the u.k. as a result? this is bloomberg. ♪ tom: welcome back to the open. of 43 minutes into the trading day and a loss of 1% across the stoxx 600. the cac quarante is down more than 1%. in the u.k., 0.4%. the u.s. 10-year yield, 1.53. laura: two regional fed presidents are retiring following an embarrassing revelations of stock trading last year. robert kaplan has joined eric rosengren in early retirement. both have been under scrutiny after trading last year. kaplan said the recent focus on his financial disclosures risks becoming a distraction. olaf scholz is calling on potential partners to join him in a new government as soon as possible. he appealed to the greens and pro business free democrats to back a three way coalition. armin laschet says he will try to forge a majority. allies say it cannot happen with a second-place finish. a trade meeting between the u.s. and eu will be narrower in scope. a joint statement said

lizzy will be covering all of that for tv and the bloomberg.gy suppliers in britain collapsed. the number of british households caught up increases to 1.5 million. joining us, our energy reporter, rachel morrison. what are the details? >> yesterday, two more collapsed, which takes the total to seven since the start of august, when we saw the energy price surge happening. it is really what the minister warned about this week, that suppliers were starting to go and he expects more. we are poised for more energy suppliers to say they are going under. action, looking like government backed loans. to take on the customers. the government has been very clear that they are not going to bail out sales companies if you are not hedged and you have not done business in the right way. we are seeing those companies start to leave the market. >> we have the prospect of loans from the u.k. government. as you say, they are not going to comment bail them out. should we expect more to go to the wall? >> yes, the business energy minister has said more will. the e

this is "bloomberg surveillance, " live on tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. you equity market lower, down by 0.9%. yields breaking out in the last week. tom: it's deteriorating in the last hour as well. the dynamic of the last 60 minutes is tangible, with the vix 19, 20, i moments go out to 21.06. we tried to find a bid, and you see it in the yield space. i'm going to go to the 30 year, 2.05%. jonathan: this repricing we have seen has been remarkable, from the low 60's of early august, through one point for 3% -- through 1.53%. if this simply a story of price reshaping narrative, or something bigger than that? tom: i am going to say price through to inflation. you've got some serious inflation issues, and i know the bulls will say it is transitory. francis mcdonald of manulife was brilliant on the bullish tone. jonathan: yields higher, crude positive. brent, $80 per get wti, $76. lisa: how much is it a central banking sector that seems to be moving away from these policies? you can see u.k. bond yie

the chief economist is joining bloomberg tv. mberg. >> today, we learned the economy crated 230 5000 new jobs in august. the employment rate fell to 5.2%, the lowest in 18 months. despite the impact of the delta variant, i will talk more about that in a minute, what we see is an economic recovery that is strong. the plan is working. we are getting results. america is on the move again. today is a revision with july numbers. this report means that we have been adding an average of 750,000 jobs per month during the past three months. the three months before i became president, we were adding 60,000 jobs a month. total job creation the first seven months of my administration is double any prior first-year president. i know someone and see a larger number today, what we have seen is the continued growth month after month of job creation. it's not just that i have added more jobs and any first-year president, it's we've added jobs in every single one of my first seven job reports. wages are going up. more jobs, some months are fewer,

this is "bloomberg surveillance, " live on tv and radio.isa abramowicz, i'm jonathan ferro. your market advancing 0.5%. we are taking a couple of things very well, the federal reserve and the story out of china. tom:

uninterrupted and live on bloomberg tv and radio, futures down 15 on the s&p 500.elds down a couple of basis points to one point 4063 on tens. if the control room can scramble and bring up nike, down in the premarket. this supplies story off the back of these delta concerns, this is just ongoing. it is not going away and you see it reflected in the stock price of nike negative by five percentage points. bci g nailed this. this is how it has played out. it is not about demand, they just cannot meet it. here's another example of that story. lisa: singapore is returning to work from home and there are questions about issues of workers in vietnam. these issues are persisting, so what will make this change materially so soon to get the inventory back up and running, and how well this crimped growth? jonathan: from new york city good morning, your equity markets shaping up as follows. we are down on the s&p 500. yields come in after a massive move in treasuries, finally breaking out of the trading range. 1.4063 on the 10. for new york city, for our audience worldwide, th

we will continue the conversation with elyse ausenbaugh very shortly on bloomberg tv. is "bloomberg surveillance." ritika: with the first word news, i'm ritika gupta. president biden is urging california to send a message to the nation by keeping gavin newsom as its governor. newsom faces a recall election. polls show he should survive the vote. the president appeared with gavin newsom and repeatedly linked larry elder to former president trump. vladimir putin has gone into self-isolation. it was exposed to several people infected with the coronavirus. the spokesman said he tested negative for the virus. people are back at their desks in london's biggest financial district that in any time in the last 18 months. more than half of the employees in the city of london were in their offices on thursday. it emptied out in march of last year when the pandemic led to government lockdown. the maker of turbotax and quickbooks software intuit has agreed to by email marketing -- it will let intuit reach the services offered to customers trying to reach clients online. -- what cou

open update for bloomberg tv and radio from tennis channel.ajor champions where the headline makers on day three at flushing meadows. sloane stephens famously lifted the trophy in new york four years ago and the 28 looks back to her best. she outplayed the teen phenom who hit 25 unforced errors and managed to generate just one point. three breaks and 11 winners, enough to put stevens into the third round for the eighth time in her career. she will need to continue playing at the top of her game. she could face defending champion naomi osaka in the fourth round. you can watch all of the action from the open every night on tennis channel. ♪ (announcer) back pain hurts, and it's frustrating. you can spend thousands on drugs, doctors, devices, and mattresses, and still not get relief. now there's aerotrainer by golo, the ergonomically correct exercise breakthrough that cradles your body so you can stretch and strengthen your core, relieve back pain, and tone your entire body. since i've been using the aerotrainer, my back pain is gone. when you're

tv and radio. this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta.ew data suggests a booster dose of johnson & johnson's vaccine increases the potency of. the one-time shot. the booster was -- potency of the one-time shot. the booster was 100% effective. the shot led to a 12 fold increase in production of antibodies when it was given six months after the first one. in canada, prime minister justin trudeau won the election, but fell short of a parliament tree majority. boris johnson says president biden has too many domestic priorities to find time to negotiate a trade deal with the u.k. the two leaders meet today in washington. johnson says he would rather have a good deal than a quick one. uber may be about to report it's pursed -- it's first profit. the company said adjusted earnings in the fourth quarter could range from flat to $100 million. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> the federal reserve cert

. ♪ taylor: i know our time together might be coming to a close but stay with us on bloomberg tv becausee getting comments from president biden. he is visiting areas that have been affected by hurricane ida's aftermath in queens and new jersey. we will be taking those comments live on bloomberg television. if you think about the climate change agenda and what he could change on the northeast coast, impacted by that hurricane. tomorrow we will get to fed updates as well. guy: that will be interesting, particularly the data by the end of the week. the governor andrew bailey testifying on stability, pay attention to those markets. a lot of monetary policy has driven suit -- asset higher. the meme stocks are back. we get more data from china on the inflation front. cpi data wednesday night in the u.s., thursday morning in asia. plenty to look forward to their. taylor: plenty more coming up here as well. arne duncan is joining "balance of power" coming up on bloomberg television and radio. guy: i'm going over to bloomberg radio as well. we will be dealing with the details of what boris johnso

coming up, mike nova brad joining bloomberg tv at 2:30 p.m. in new york. this is bloomberg. in on the first word news. british prime minister boris johnson has called for $50 billion in tax hikes to pay for improvements in social care. the payroll tax and tax on dividends would be increased. he says a global pandemic was in no one's manifesto. in germany, the national election is less than three weeks away. a new poll shows support for chancellor angela merkel's conservative block has fallen to a record low 13%. she is leaving office. today, the bundestag endorsed the candidate to proceed her. women are unlikely to be included at the highest level. the acting prime minister. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. taylor: president biden needs democrats in congress to give him a political boost by passing what could be $4 trillion in his economic agenda. there are deepening divisions in the party. that threatens chances of it happenin

. -- bloomberg tv, twitter, and youtube. is bloomberg. ♪ manus: it's "bloomberg daybreak: europe." i am manus cranny in dubai. the boston fed chief and robert kaplan separately announced their plans to step down. rosengrant is citing concerns -- health concerns and leaves at the end of this month. >> these sudden announcements, after revelations of stock trading during the pandemic. the departures remove two of the more hawkish officials at a time when the fed is babbling a tapering so timing is key here. let's get into it with our bloomberg economics columnist in singapore. thank you so much for joining us this morning. rosengrant and kaplan out. how much, if at all, does this make in terms of a difference for policy over the short to medium? >> over the short to medium-term, i think that taper is more locked in. when people say soon, that is fed speak for the next meeting. both the chair, the vice chair, all the boards of governors and a majority of the district presidents throw their weight behind it, barring an unforesee

coming up, bloomberg tv 1:30 p.m., 6:30 p.m. in london. this is bloomberg.are six weeks away from the new york city mayoral race where eric adams will be running against curtis stillwell. david: thank you so much. thank you for joining us today. you can imagine at bloomberg there is a lot of conservative business community about wall street. it has not always been happy with the mayor in recent years. you said you wanted to change that. how would you change it? >> first, we must hit reset. i have been spending the last few years really speaking with my business leaders and hearing from them, not trying to interpret from my point of view what they need to do business in the city but to find out from them. what i have heard over and over again public safety. we know how to run our business, but we want to do it in a safe environment. from day one, i have to turn around this crime issue we are facing. david: do you talk to the heads of the big banks? do they tell you what they need? >> i have communicated with the top end of everything from those who are part o

bloomberg surveillance." no drama as we get back to work on wall street. on radio, on tvomberg surveillance." ♪ introducing xfinity rewards. our very own way of thanking you just for being with us. enjoy rewards like movie night specials. xfinity mobile benefits. ...and exclusive experiences, like the chance to win tickets to see watch what happens live. hey! it's me. the longer you've been with us... the more rewards you can get. like sharpening your cooking skills with a top chef. join for free on the xfinity app and watch all the rewards float in. our thanks. your rewards. >> markets love this period of time where earnings growth is good. >> is almost the market saying that that is exiting no matter what. >> it is not surprising that momentum is low, just that it is all been lumped into this quarter. >> the most important thing is the emphasis that tapering is not tightening. >> the lesson that this has taught us is that printing checks is really the easiest part of this. >> this is "bloomberg surveillance." jonathan: yieldsre

this is "bloomberg surveillance" live on tv and radio. on the s&p, we are -0.2%. once again with my partner in crime, tom keene. welcome back. the ecb decision just around the corner. tom: i don't know if it is a big deal or if they will do anything. i have to admit, this is where lagarde gets tested at the press conference. does she want to be assertive? i have not observed that. jonathan: the risk today, a reduction in the pace of

open update for bloomberg tv and radio from tennis channel.eenager reached her first quarterfinal at the majors on labor day in new york city. the 18-year-old became the third qualifier in the open era to reach the elite eight at the open with a seven day win over shelby rogers. dropping just three games in the victory which took just over an hour. the brick moving on, the olympic gold medalist for a spot in the semifinals. o'connor is not the only teen in the elite eight. she joins canada's layla fernandez who turned 19 on monday. you can watch all of the action from flushing meadows every night on tennis channel. ♪ jonathan: yields are higher, the curve is steeper, the equity market not doing much at all. the countdown to the open starts right now. >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro. ♪ jonathan: from new york we begin with the big issue. september gets in early downgraded. >> payback came early. >> q3 was weaker. >> september is a critical month. >> post labor da

bloomberg tv will be covering election day live with analysis as polls close in germany on sunday.miss that. let's get to first word news now . juliette: the u.s. is considering forcing companies in the semiconductor supply chain to provide information invoking a cold war era national security law. the commerce secretary said the goal is to alleviate bottlenecks and identify possible hoarding. bp is temporarily shutting some of its u.k. petrol stations as a truck driver shortage affects fuel delivery. a small number of tesco-branded sites have also been affected. the u.k.'s exit from the eu has constrained the flow of workers from the continent. supermarket deliveries have also been impacted. yum! china plans to open 1300 new stores in 2020 one, outpacing expansion from last year. in an exclusive interview, the ceo told bloomberg that smaller satellite restaurants are seeing a payback period of two to three years, faster than its biggest stores. it also wants to double the number of coffee shops in the country by year end. >> the opportunity for this market is fantastic, and we cer

in about 20 minutes time, about an hour from now on bloomberg tv, i will be catching up with david froman sachs, -- tom: what's he going to do, reaffirm optimism? try to get s&p 6000 out of him. jonathan: six k next year. that's not goldman's, is it yours? make headlines. tom: what's important is the way they construct their optimism. i'm seeing a real theme from people to forget about the mumbo-jumbo and go back to earnings power and revenue power. david wilson mentioned fedex. jonathan: we have not mentioned that apart from mr. wilson earlier. here they are, weighing on this, kaylee, continued supply chain has slowed u.s. demand compared to the earlier forecast. the current labor environment is in the operation of the network significantly impacting our financial results. there's a lot of stuff to work through for the year-end. kailey: absolutely, kings in the supply chain throughout, and the real shortage of people. the fact that it costs more to have people doing the job. this is the margin compression story. to your point, david and the rest highlighting the earnings story. if the

we will do it on bloomberg tv in 20 minutes.ot upgrade to their price target. 4900 for next year. looking for a little bit of volatility in between. tom: i am not going to say i've never seen at, but the optimism and constructive enthusiasm of lori calvasina and others is so opposed to what i read over the weekend watches -- which is fear about a market correction. jonathan: we have seen a little bit of a lift across the board. what are we seeing? lisa: let's characterize this lift. it is basically a lower expectation than the bulls. these are not bullish calls. 4500, it is not like this is a massive return. basically this is looking forward at a lack of reasons for the market to go down at a headline level. that is important. given what we are dealing with with the amount of money in the system and respect the alternative in the bond market, where are you going to go? jonathan: enough reasons to go down. with been talking about them consistently. they have not taken the market down. lisa: how do you take a market down when ther

stay tuned on bloomberg tv for full coverage down there.about our position intelligence and the financials based fintech company --has expanded its access to consumer loans through proprietary and has announced it is hitting the public market via a special acquisition. the spat comes through a leading investor in the u.s. backing sector and the ceo joins us for an interview. health evaluation in the tune of about $9 billion i understand. let's talk about what exactly you do. you are working across consumer loans and auto loans. where are you trying to make it more efficient? guest: thank you so much for having me today. so excited to be here. to your question, we have created a very strong ai network to create a better outcome for those customers. if you think about it, let it be the auto loans, let it be the personal loans, there is eventually a customer that is going into these places in the dealership, in the store, and it is looking to get access to credit in order to be able to facilitate what it needs and wants to do. pagaya is a very

. >> some guest on bloomberg tv talking about global growth concerns. our next guest says u.s.ty and confidence indicators have begun to lag. that paints a path to assets outside the u.s. in the fourth quarter. max gokham joins us. it is great to have you back. we have seen this week, goldman sachs downgrading forecasts. the economic outlook diverges from the market outlook especially as you have a less aggressive fed. does that paint a better picture for the markets? max: there may be a fallacy in believing the fed is going to just use -- payroll to decouple from what they said at jackson hole. the fed's mandate right now is carefully landing the jumbo jet of investors. it is not fair to say that they're just going to scale back growth. additionally, we have seen how delta is causing it to have the highest adjusted number of both cases and deaths relative to other markets. conversely in emerging markets, we are seeing the case counts decline. pair that with the fact that it is the beginning of the school year in the u.s. and most school aged children are going to be unvaccinat

taylor: hsbc's stephen major on bloomberg tv, talking about how unlikely it is that the fed will raiseyear, maybe not even 2023. for more on those markets, how they are reading the fed, let's bring it all in with seema shah, principal globe of advisors she strategist --. principal global investors chief strategist are you in that same camp -- principal global investors chief strategist. are you in that same camp? seema: we are thinking mid 2023, maybe even later, if you don't get the return to labor supply that the fed is looking for. i do have to disagree with ste phen about where treasury rates will go. we think they will go a little bit higher. guy: what does that mean for stocks? rates higher, sell stocks? seema: no, we actually think with rates higher, they are going to be moving at a gradual pace. we are looking at the 1.60%, 1.70% level. that is a factor as we think earnings will continue to perform well, so that is a good foundation. more important, valuations are high. we are not going to see the same kind of movements from stimulus, the same kind of boost vaccinations. you re

michael: the good news is bloomberg tv is on all day. el mckee with much more perspectives. stay with us on television and radio. this is bloomberg. have a great labor day. jonathan: a big downside surprise on the payrolls report. live from new york city, good morning, good morning. "the countdown to the open" starts right now. >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro. ♪ jonathan: from new york, we begin with the big issue. more fuel for the fed debate. >> this is where the rubber meets the road. >> the payrolls report. >> what matters is the strength of the labor market. >> the stronger the jobs report. >> that lays the ground for a september meeting that could be consequential. >> will likely view is the extremely accommodative -- we should all be rooting for taper. >>

you can watch that conversation live and in full at 9:00 on bloomberg tv. let's reset.are just tuning in, some better data out of america. durable goods and capital goods, upside surprise. on fives, we approach 1% at 99 basis points, up four basis points. on tends, up six basis points to 1.51%. that's the bond market off the back of better-than-expected market data. from the boston fed president eric rosengren, the president since 2007, announcing an early retirement, nine months earlier than expected, and a really personal letter that he writes to the chairman of the federal reserve. it reads, "i have decided to resign as president of the fed bank of boston to address some serious health issues that worsened in the last 18 months and must be addressed. while working on the federal relief programs, given the long hours and stress, regrettably my kidney function climbed to the point that i qualified for the kidney transplant list in june of 2020. it has become clear that i should aim to reduce my stress so that i can focus on my health issues." a very personal letter fro

reach out to us at mliv on the bloomberg terminal. mliv plus tv . ortly. this is bloomberg. ♪ ♪ >> looks like these high gas prices are going to be there through the winter period. >> we have to prepare for longer-term high prices. >> these are with us to stay. and i think the issue is the supply chains are so severely depleted, the system cannot accommodate any type of disruption. >> you would expect normally the price would reverse. it's not something that we think is going to be sustainable. >> this is a real problem for europe, and i think it needs a european response it will go beyond what member states are doing at their level. >> and we need need to look at additional levels and our budget. what i hope is a short-term champion problem. >> is coming up in a year or two. the gas supply all over the globe in europe. >> and in a cold winter, when you have to russian gas for heating, that is something not about geopolitical gains and markets. francine: our chief executives and world leaders weighing in on how households are facing painful price inc

midnight friday it will start to appear on bloomberg tv and bloomberg radio.g regulatory environment is top of mind for another big company. the hong kong exchange ceo spoke exclusively to bloomberg about china's regulatory reform and its impact. >> the regulatory reforms that we are seeing in china is something that we are going to see continuing for quite a bit of time. but not only china. as it relates to data, as it relates to big tech, it is a regulatory process that i would expect will be a long march. not only in china. also around the world. it is an area of a lot of sensitivity. there is data, the privacy, whether it is national security, whether it is issues of how to regulate companies that have monopolistic powers, this is something we will continue to see. >> we heard it in july that listings that will come to the hong kong exchange will have less cybersecurity review than those coming to the united states. is that a fact? how is that affecting potentially boosting listings? >> i think it will be consistent all around. the move will be about consi

continue our coverage and analysis of the german election results with a host of guests right here on bloomberg tvs get straight to the bloomberg business flash now. juliette: google's youtube ceo says the internet giant still holds free speech as a core value. speaking and the company's first public comments since it agreed to a russian government to remove material from political opponents, he says google has many things to consider when making decisions on content. youtube has faced criticism for pulling videos by alexei navalny. >> we get requests from governments and we consider what -- why are we getting the request? what is happening on the ground? based on different factors, we make a decision. those are not always requests that make sense for us to honor. certain cases, we will honor them. in that country. >> a ride-hailing giant in talks with investors for another round of funding. the next round may be completed in the first half of next year as it looks to catch up with the market leader, which controls -- didi controls as much as 80% of the market, but it was removed from app stores.

anna: bloomberg tv guests on the surprise resignation of japanese prime minister yoshihide suga. run for the leadership of the democratic party, bringing to an end his one-year stint as prime minister. joining us now is are managing at her for japan and korea. good to speak to you. this was a surprise. we heard the voices of guests expressing their surprise. what do we know about what happened? >> suga basically explained briefly in a statement to the press that he made this decision to focus on covert measures. however, there has been a lot of speculation among the local media that suga was struggling to get enough support as he was trying to reshuffle his cabinet ahead of the general election, and felt he was not going to get the nomination he needed to become the leader of his party. tom: presumably the horse trading starts now. how is the leadership race shaping up? >> it is very unclear at the moment. the only candidate who has raised his name is the foreign minister. following the surprise news today we have had reports other members, including taro kono, one of the more po

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tom: that was the australian chancellor speaking to bloomberg tv about fiscal stimulus. ll speak to the park -- prime minister of greece. that is on bloomberg at 1:30 p.m. london time. as we count down to sunday's elections in germany, there is a televised debate tonight between the chancellor candidates, tonight we also hear from the smaller parties. for more on the state of play in europe's largest economy, maria tadeo for us. what have you got? maria: this debate is very crucial. there are a number of things we are looking at. there is the potential coalitions and a specific position in terms of what that makeup of each coalition would offer german voters. to debrief all of this, i am happy to say we are joined by reinhard buetikofer a member of the european parliament. always wait to see you. come sunday, the greens on one point, you had so much momentum going into the election, polls now say you are third. what kind of roles to see for your party? reinhard: i do expect the best result by far. we are aiming at reshaping german policies in very fundamental ways. we wan

this is "bloomberg surveillance, " live on tv and radio.om keene and lisa abramowicz, i'm jonathan ferro. you equity market lower, down by 0.9%. yields breaking out in the last week. tom: it's deteriorating in the last hour as well. the dynamic of the last 60

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this is "bloomberg surveillance ," live on tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. your equity market up 27, bouncing back 0.6%. it week for economic data, cpi and retail sales. it's president biden versus president manchin. tom: that is major reporting this morning on the treatment of taxes. as greg valliere says, let the healing begin. that is really the hallmark of what we are going to see in washington. they are back. they've got a schedule. they've got to deal with. jonathan: then we got to get through cpi tomorrow morning. we've got to get through retail sales. then it is onto next week and the fed decision. tom: but what is really onward, and i said this for months, the guesstimate of gdp and how slowly we are coming down from that boom economy, and also how corporations will adapt to it. to me, it has been a resilient market as we meditate about this drawdown. jonathan: we've been meditating for a while, haven't we? you are offering to therapy -- offering therapy to people experiencing a five day d

here is what some guest on bloomberg tv had to say earlier. >> i think china is investable. >> what is security is low, it is something we are still observing. >> in some ways these measures are making it favorable for investors. >> it is in economy we cannot live without. >> the contours of it are not entirely clear. >> they are moving toward favorite regulation, trying to create a level playing field. >> there are some investment opportunities. shery: in under an hour's time we get data out of china. our next guest has one of our lowest estimates for cpi and is also just below consensus on ppi. our guest joins us from hong kong. give us your estimates for inflation numbers and why. >> the market is anticipating our data for august due to the double whammy of flooding and the covid resurgence. it is likely to be hard-hit, and these developments will force inflation. the vegetable price search -- surged due to flooding. the service price may have fallen because of stringent containment measures that affected contact intensive activities such as travel, tourism, entertainment, and taper