i'm caroline hyde.aylor: we've been listening to your great panels and great conversations you've had all day. another theme we've been touching on not directly has been sustainability amidst all the inflationary and supply chain crises. does it pay to go into eft? frankly this a little bit about performance but not much. i've only dated this going back to the end of 2019 and just looking at a two-year timeframe, you really wonder, when are the returns going to start to show the underlying theme of this outperformance? caroline: the transparency with what it means, how you rate those investments and ensure that they are as environmentally friendly and sustainable and a strong as you would like him to be? europe is leading the regulatory charge. i had a chance to sit down and talk to a leader in this particular area at bridgewater. i was speaking with the coat cio of sustainability at bridgewater associates. take a listen. karen: i think it's fantastic. you get the interplay between investor saying they

>> from the port of long beach in california, i'm caroline hyde. taylor: a bicoastal addition of "what'd you miss?" i'm taylor riggs here in new york. caroline: we bring your best, right here at the second busiest container seaport in the united states. over the next 30 minutes you will hear from key voices trying to fix the bottleneck. ryan peterson will be our guest. ringing trucks down here to help some of the hard-working workers down here. romain: when you come down to one of these ports, this is the economy, when you walk around and see everything moving across, it's kind of like a ballet. making sure everyone needs to be or they need to be when the music starts. caroline: we broke down the issues facing the port of long beach earlier. take a listen. >> it's one of the main arteries for transpacific trade and the second busiest container seaport in the united states. the port of long beach along the coast of california is one of the few u.s. ports that can accommodate one of the world's largest needs, with connections to 217 seaports around th

i'm caroline hyde. trillions -- we discussed the risk on moves ahead of earnings results from tech heavyweights this week. taylor tracks inflation as we close in on the spending bill. sonali checks another market boom. we will dive deeper into facebook as documents highlight the social network's anguish over failing to attract younger users and failing to censor hate speech. continuing coverage of the global supply chain crisis, we look at the impact on retailers, consumers and the logistics. all of that and more coming up.

i'm caroline hyde in new york.loomberg. ♪ david: it was a dog that did not bark yet as natural gas prices threaten a collapse and a u.s. debt default reared their ugly heads and went back to sleep. this is bloomberg: wall street week, i am david westin. two treasury secretary's, larry summers on the economic outlook. >> that is accommodation that does not add up to anything other than taking a big risk on the infl

. ♪ ♪ caroline: this is "bloomberg technology," i'm caroline hyde in new york.et back to the market. kriti: use day when it comes to cryptocurrency and bitcoin. the ftc now says it will get in the way of a potential bitcoin etf futures. take a look at what it did to the bitcoin curve, this shows the premium over the spot price. it works differently in bitcoin. in oil, we talk about oil prices and the spot price is higher than the futures price because people need oil right now. bitcoin works differently because of inbuilt expectation that the futures price is going to be higher anyway. that is what you're seeing here, the future premium higher relative to the spot price. while we are talking about etf's, proshares signaling bitcoin futures etf could launch as soon as monday. it looks at least for now the sec is taking a step back and not trying to get the way. let's see on monday. today in the market, bad news showed up in a lot of cryptocurrencies, including riot, coinbase, square. after hours you had jack dorsey tweet the square might get involved with creatin

caroline: i'm caroline hyde. the former treasury secretary right here. taylor: there we go, caroline. you sounded like a million miles away, but now you are here. i'm taylor riggs in new york. [laughter] caroline: we have had some really fabulous conversations while here, trying to tackle some of the world's key challenges as we see them. first and foremost, challenges to infrastructure. we will talk about supply chain issues with elaine chao. we have got also plenty of fabulous conversations coming up when it comes to crypto and the like. first and foremost, whether it be in the markets, whether at the bright minds act milken, inflation, supply chain, and a healthy dose of crypto conversations. let's have a listen to what they are saying. >> i think 70% of the coins out there today are garbage and will go away. the question is, just like the internet bubble, which of the companies survive? >> my son and i lived together during the pandemic and he gave me a lecture every day on the fact that i had opined about bitcoin without knowing what i was talking ab

>> from bloomberg's world headquarters, i am caroline hyde. >> romaine bostick. >> taylor riggs. >> prices are still waiting on economic growth. the global economic recovery supply chain is seeing more when it comes to apple. we will look at this recovery and slow down andy controversy -- and the controversy. we begin with the relevance of the world bank. have low rates to borrow in money but out significant are these institutions anymore? there is some concern >> she got the -- >> she got the support. they are tamping it down and saying we are going to stick with this right now. we heard from the ims chief -- imf's chief economist. >> the board came out with a strong statement saying there is full confidence. the issue of the data had nothing to do with the imf. we place incredible amounts of importance on data integration at the imf. we have many checks and balances. i feel good about where we are. >> you have been put under no pressure to make the data fit the narrative being delivered further. there is no incidence of that happening at the imf. >> i have never faced about pressure. >>

caroline hyde is with barbara humpton, the siemens u.s. president and ceo. over to you. ne: perfect. following on from your discussion, chips, ships, siemens knows it all intimately. 40,000 employees, as well. barbara, wonderful to have you here, and you have not only been looking to the white house, discussing with them, helping them fine-tune and react to the chip shortage, but you are also dealing with a global supply chain. i have people asking me on the weekend, so i cannot imagine how many people are asking you, how long will this last? >> i say this disruption will be with us for a bit. i have heard predictions of nj 2023 -- of and to 2023. the bright side is it is bringing out a lot of innovation and creative work. during the pandemic, our supply chain professionals were true heroes, looking to diversify our sources of supply, using mismanagement techniques to keep our businesses up and running, and now using predictive analytics. we have been very, very well-supported by our supply chain. and we are a vital part of the supply chain, as well. we know how vital it

caroline: from bloomberg's world headquarters in new york, i'm caroline hyde. sonali: romaine bostick is out today. caroline: what did he miss another we are both back in new york? california dreaming. we are focused on the many parts of the tech appeared and the names that call the state their home. facebook out with its earnings. missing revenue slightly but buying back, helping the stock move higher after hours as it also announces a new reporting structure going more into the mess of it. the social media giant enters after a trove provided inset as to how mark zuckerberg writes the company. we will dig into the facebook papers. earnings and what people seem to be think is priced in. taylor: our headline is so-so earnings. the breakout news is the structure going to be divided into two segments. we have the facebook reality labs. looking at full year capex at 19 billion. a little lower than other expectations. it is because they are making some big investments in the new reality labs, which will include augmented and virtual reality. were looking at fourth qu

bloomberg's caroline hyde is there with scott minerd, guggenheim cio. ne: thank you so much. 250 billion dollars of assets under management, one of the main focus is an asset management right now. what they might not know is he is recovering from covid right now come along covid. it is good to have you here. this is tough on your immune system. scott: it is very hard. i've now inherited the gene zero jones voice, so i will be doing voiceovers. [laughter] but it is really interesting. i didn't know this, but if you have had the vaccination, covid symptoms are not the same as if you didn't. so i had virtually no symptoms, but i just started getting very tired, so i finally decided to have a covid test. i found out i had it. from that time on, i have been suffering with almost a chronic fatigue syndrome. it is getting better slowly, but all most everybody i have discovered that gets this in a vaccinated state ends up with this long period of fatigue. in the worst case, it can last for a year. i think i can do it better than that, but thank you for asking. c

i am caroline hyde in for emily chiang. today's market movers, kriti gupta has the breakdown.: earnings season is upon us. it kicks off this week. something to keep in mind, on a macro level to watch is those earnings revisions levels. 89% b rate in the last earnings season. can we keep that up? so far it seems like we are losing some of that upward momentum to revisions. this week will be crucial for banks, in terms of what kind of tone they set as we eventually get to some of those biotech and tech companies we are waiting for. the intraday action, looking at subsectors in particular, a negative day. i want to highlight the last-minute move over the last 30 minutes of trading. nasdaq biotech and the golden dragon with chinese adrs were pretty positive for the majority of the trading day. the golden dragon index hasn't had that great of a time but a lot of that had to do with the meituan food delivery company in china, really getting a lesser than expected fine from beijing on some of their antitrust practices. interesting to see if that momentum continues. i want to end with

♪ caroline: from bloomberg's world headquarters in new york, i'm caroline hyde. maine: i'm romaine bostick. gina: and i'm gina martin adams, in for taylor riggs. caroline: we are near the weekend, so today's we will -- today we will focus on bond -- singular. james bond. the movie becoming the biggest release since the start of the pandemic. we will not only dig into the box office, but live performances at the met, making its stronger -- strong return. not much of a return for jobs though, for the industry. romaine: you saw those leisure and hospitality jobs, our tent entertainment -- the service economy is sort of getting rebooted. this was the pandemic loser, when we went into locked down. a lot of jobs were lost as a result. we are now crawling back into some of those jobs, and it appears that people are not only wanting to get out, but they are willing to spend a little bit more and spend more time out, much more so than what they were doing re-pandemic levels -- pre-pandemic. caroline:caroline: have you been to the cinema? romaine: i have not. we will talk t

caroline: i'm caroline hyde. today, inflation was in top of mind. many wall street executives have been weighing in. rising costs, supply chain bottlenecks. tomorrow morning, we get u.s. retail sales. a fresh read on how these are affecting consumers. why one of our guests says -- it's broken. taylor: one of the most popular items that goes into making clothing is cotton. take a look at this. what is this, since on the pound? you nail this every time. romaine: it's $1.07. taylor: i didn't know if it was bushels or barrels. the bottom line is it's going up. romaine: we have been conditioned over the last few years into fast fashion. you buy it and wear it and move on. there's a supply chain built around that idea. that's all broken down and you are seeing companies who made their bread and butter off of this start to struggle. does this start to change consumer behavior? caroline: maybe in a positive way. maybe we start to think about things being less disposable. romaine: i would never get caught in the same suit twice. let's more insight in how the

caroline: i'm caroline hyde. sonali: romaine bostick is out today. caroline: for busy week of earnings and they roll on. at the closing bell, alphabet, microsoft, robin hood, twitter and others. we dig into those and what the companies say about the advertising market in particular. we want to dig in, youtube, google of course which owns youtube, twitter reaching the next generation of consumers, ones that want content, information, trading tools. taylor, first let's dig into the financial details. taylor: let's start with google. the big headline number, and i will keep this broad and brief him cloud revenue growth slowing just a little bit. getting revenue that -- you are seeing a little bit to the downside with the slowing growth within the cloud segment. that is the opposite when it comes to microsoft. the cloud computing strength has been fueling sales and profit growth. when we talk about the at environments on google, you want to talk about that with twitter, at least twitter says we are up 3% because maybe the impact from the apple and the sup

caroline: from bloomberg headquarters in new york, i am caroline hyde. energy giants, chevron, exxon, a surge, record rally, positive results, leaders of economies gathering in rome to discuss clean energy, a major factor, casting shadow over talks, recent prices, the spotlight of energy security and transitio risk when alternatives are not ready to pick up the slack. we are focused on old versus green energy. in bird speaking earlier with the seat -- bloomberg speaking earlier with the ceo of chevron and he discuss rising costs and the company is not feeling those rising costs. >> we are not seeing higher costs. we are below pre-covid capacity. steel tied to the general economy, but energy-specific infrastructure, we are not seeing it. even if we are increases, they are well below where they were pre-covid, so costs are under control. caroline: let's dig into big oil earnings. our guest is with us. it's worth saying chevron has been making steps towards a transition, investing in new energy, but first and foremost, with oil on the tear, was there anythi

caroline: i am caroline hyde. romaine: i am romaine bostick. sonali: i'm sonali basak. caroline: tech stocks leading losses. investors concerned about the persistent threat of high inflation. commodities soaring to an all-time high. today we are going to focus on the energy crisis felt around the world. romaine, we start with oil. opec maintaining its slow and steady oil production increases that many thought would be doubled. romaine: you take a look at this, it started with opec and expectations that they were going to do more. they are basically sticking to that schedule. we will talk to ed morris and this took a lot of people by surprise. nobody was factoring that in. now the question becomes, ok, if they stick by that plan, what do the other producers do? do you see a reboot of shale? and what about the demand-side? sonali: the demand side of the equation. we do not know what will be made of next year as well as some supply chain issues start to either wane or get worse. romaine: let's bring in atlantic council global energy sector senior fellow. you probably know h

caroline: from bloomberg's world headquarters in new york, i am caroline hyde. bloomberg has brought together some of the biggest names in finance at the invest will conference. our conversation is focusing on key issues driving investors, smart money, institutional money, how they can navigate an uncertain environment. we will have key themes from our guests. we will start with john rotors, the well-known investor telling me he is in value right now, he is a key investor in the value change but you have been talking about asset management. romaine: we had a great discussion at -- discussion, anyone who wants a career in finance look at her. julian salsberry at goldman sachs, made conversations about spacs and whether they will be legitimate in the long run. >> we are not offering stock vehicles to our clients -- spac vehicles to our clients but they are investing. do you believe in the owners, the people who are raising the money, allocators of capital. it seems like there was a boom of spacs, but as a vehicle it's likely to be when that will be around for a lo

caroline: i'm caroline hyde. romaine: i am romaine bostick. taylor: and i'm taylor riggs. romaine: all it is about is price pressures. the higher cost for food, shelter, driving prices higher. are these going to remain at elevated levels or stay transitory. today, we will discuss how wall street executives are approaching inflation and how it's affecting earnings, and where to watch value versus growth. first, hearing from goldman president john walton. it's not about the idea of whether it's transitory or whether it's permanent, but about how we are defining the word transitory. take a look. >> every ceo i talked to today is very concerned about supply chain, input, costs, whether they are materials, commodities, and increasingly labor. both availability and cost. they believe it's not transitory. caroline: john waldron saying inflation is worrying him. but jamie dimon did not seem so worried. let's look into the jp morgan numbers. what do you make of the call from jamie dimon? he is not worried about any of these issues. >> he is focusing on the core fundamentals of his

caroline: live from the milken institute global conference, i'm caroline hyde. we are wrapping up our final day here at milken. we heard some of the brightest, most thoughtful minds on the next step in their business in this recovery. in this half-hour, you will hear the ceo of engine number one. plus, we will discuss a media tycoon. we also spoke with the howard university president about the school vaccine policies and education. some fascinating conversations we had the last few days. romaine: it is winding down here. they bill this as a conference of ideas. there are a lot of deals, too, but there was talk about the big ideas, what people are looking forward to. caroline: solutions. how we embrace the supply chain issues. the minor should in your conversation about the role of crypto, what elements are investable. romaine: economic inclusion, we heard a lot about that. we have a roundup of some of the voices we heard so far. >> i would be pulling back on the taper. i would have started it already. the first step is pulling back on the taper. the second step

caroline: from new york i'm caroline hyde. romaine: i'm romaine bostick. gina, we have a big day. equities finishing higher on the day. investors concerned come easing a little bit because of the debt deal in washington. everyone looking ahead to tomorrow, the september numbers coming out and the latest barometer of the economic coverage. might get us back to the halfway point the fed has been looking at. we will watch the report and discuss key stress spots. we will hear from a couple folks including former head of the fbi see sheila bair, a veteran of the last economic crisis. let's start with where we are now. trying to dig our way out of a hole caused by the pandemic. caroline: do we believe wall street estimates anymore? i feel like we have -- for tomorrow, the consensus is 500,000. unemployment rate 5.1%. what is interesting is where the earnings pressure comes in, the inflationary pressure, average hourly earnings up, the estimates are up 0.4 percent. we will dig into this. karin kimbrough is with us. your perspective on 500,000, just about where you think it might be? kari

caroline: i'm caroline hyde. sonali: -- romaine: we will focus on the intersection of politics, economy amend business. you had a facebook whistleblower testifying in washington today, saying the company is well aware of the risk posed by its platforms but want lawmakers to think the problems are too difficult to fix. u.s. senator elizabeth warren continuing criticism of fed chair jay powell. she added to her opposition of a second term for powell by calling him "a failed leader." she is one of the most powerful people in washington, sits on the banking and finance committee. we will have a live interview with her in just a moment. caroline: i am sure there will be plenty of fighting talk when it comes to the leadership she thinks has failed at the fed. these are the trading situations that occurred. perhaps compliance to not expand at the same rate. is that something powell is dealing with at the right sort of speed or lagging behind? all of these things i am sure elizabeth warren will be discussing. our guest j

this is bloomberg markets: the close with caroline hyde, romaine bostick, and taylor riggs. p.m. in new york. 11:00 a.m. in los angeles. special edition of bloomberg markets: the close. caroline: the best -- romaine: the best and brightest of mind to tackle the world's challenges. date two of the conference. former partner going to be live. great interview with him and an interview with sheila patel. caroline: she's going to put her money to work. not all the heavy hitters are out here. you are in new

i am romaine -- i am caroline hyde. romaine: and i am romaine bostick.re at the second busiest port in the united states. the supply chain issues can need to hurt and raise a lot of concerns about when it will be done. mario cordero, the executive director, he will join us in just a minute. the supply chain, a hugely just six company, will be stopping by his will. caroline: we will have a serious ceo

with caroline hyde, romaine bostick, and taylor riggs. live from bloomberg world headquarters. we continue to roll on the record highs. stocks had for the best month in a year. that's as earnings role in. facebook connect kicks off. we will bring you full coverage. plus, we will stay in silicon valley as we talk to the ceo of ebay. all that and so much more. the s&p

caroline hyde and romaine bostick will be live from the second busiest container port in the u.s.long beach as supply chain issues across the globe persist. they will talk to some of the key voices impacted by the supply squeeze. the president and ceo of consumer brands association, and the exact of director of insight. to another story we are watching, the first u.s. bitcoin linked exchange traded fund debuted. a proshares global investment strategist shared his thoughts on bloomberg. >> we think this will allow those waiting for a robust way to do this to now have it in their portfolios. emily: weighing in on the new etf, the guggenheim global ceo says it is a very exciting development and a way for investors to bypass digital wallets. he spoke to bloomberg television at the milken conference earlier today. >> the coin in and of itself is difficult. we invested in bitcoin for our clients, but you have to be in a tradable vehicle like an etf, so i think that is an interesting development. emily: he does not recommend shorting bitcoin. he thinks the world's most popular cryptocurr

caroline hyde and romaine bostick will be live from the second-biggest container port in the country,of long beach. they will talk to key voices impacted by the supply chain squeeze. that includes jeff freeman and jessica caldwell, executive director of insights at edmunds.com. google's new phone includes custom chips, enhanced camera features and the price point, over $100 less than the iphone. you say that google could have a smartphone hit on its hands for the first time, why? >> i think for the last five years they have been struggling with 1% or 2% market share. this is the first year they've designed their own chips. they been using the standard, no way to differentiate themselves. now they are saying they can use unique artificial intelligence features to differentiate them. $100 less for the standard model. it's hundreds of dollars cheaper than comparable models from samsung or apple. emily: obviously you've got the holiday season coming up in people wanting to upgrade. how much switching do you think will happen, people switching from apple or samsung? >> i think they can inc

i'm caroline hyde in new york.loomberg. ♪ this halloween, xfinity rewards is offering up some spooky-good perks. like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote for an exclusive live stream with jamie lee curtis. a q&a with me! join for free on the xfinity app. our thanks your rewards. haidi: a very good morning. i'm haidi stroud-watts in squid squid -- in sydney. shery: from bloomberg world headquarters in new york i'm shery ahn. the top stories this hour. sucialging energy prices fuel volatility in the stock market as the debate er

caroline hyde and romaine bostick will be from the port of long beach. don't miss that.rg. ♪ alix: live from new york, i am alix steel, guy johnson in london. in the next 24 hours president biden is participating in a town hall in baltimore trying to sell his economics plan. in the last hour it was pointed out that he does not need to sell it to constituents, he needs to sell it to congress, his own party, first. guy: joe manchin and kyrsten sinema seem to be holding this whole thing up. it seems that managing those two and of the relationship with the party is the major challenge. maybe he should stay in d.c. alix: we have intel later on looking for the third quarter earnings. the global chip shortage. that will be fun. that readthrough will be very informative. guy: you want to pay attention to these calls, especially those companies with exposure in the supply chains. emmanuel macron saying that the energy price spike will be prolonged. they meet again tomorrow. whether or not they will be able to crash anything out in brussels in terms of the common policy to energy

transport secretary, catching up with caroline hyde at the milken conference on the west coast right your equity market, unchanged. in your fx market, unchanged. tom: unch. jonathan: might as well say unch on the 10 year. in the commodity market, $82.03. whereas vindman -- this provides an opportunity for germany's policymakers to move further into the mainstream. just a take from cattle economics earlier this morning. tom: "bloomberg surveillance" tries to get you the qualified voices on any of these topics. i want jon to drive forward the conversation with his european central bank heritage, and we do with this morning with jacob kirkegaard, senior fellow at the peterson institute. it does not describe his work in defense, and in germany on the central bank. jonathan: let's start with the vacancy at the bundesbank. your first takeaway, please. jacob: elections matter. this is going to be the first nonpolitical appointment that the new german government will make. he has a chance in a situation not do similar to what we are going through in the united states now to put his own team.

shery: john rogers there with bloomberg's caroline hyde.heck of the latest business flash headlines. kathy woods is moving its headquarters from florida from november 1. the company will permanently close its new york office when it relocates to st. petersburg. it will build an innovation center in the tampa bay region to retain and attract top talent. boeing will unveil its 777x crater within the next few weeks and it's an advanced talks with qatar airways and other potential buyers including fedex and singapore airlines. the first new jet will compete with the airbus. airasia will malaysia will allowed fully vaccinated adult passengers on its flights effective immediately. on vaccinated people under the age of 18 can board if accompanied by fully vaccinated parents or relatives. masks are mandatory and check in must be done through a super app to minimize physical interaction on airports. coming up, we get more insight on the markets from david wong. this is bloomberg. ♪ shery: hello and welcome to daybreak asia. sophie: i am sophie in ho

shery: engine number one ceo speaking with caroline hyde on the sidelines of the milliken institute globalrence. coming up next, we work is set to finally go public with a $9 billion staff deal. we break down the numbers next. this is bloomberg. ♪ ♪ >> a check now if the first word headlines. the feds randal quarles added his voice to the chorus calling for the tapering to start in november. he spoke at the milliken global conference denying that the fed is behind the rising inflation which he still believes is transitory. cleveland fed president told cnbc the u.s. central bank will not be raising interest rates anytime soon. to bitcoin now. they rallied to a record exceeding the 66,000 mark for the first time as optimism surges for greater mainstream acceptance. that's all -- follows the successful loss of the first exchange traded fund for investors in the u.s.. it spent recent days hovering in a narrow range. it added more than $1000 in a minute just after the wednesday open in the u.s.. to china. ever grand has asked for the shares to resume trading in hong kong on thursday after scrap