for more, let's go to our chief washington bureau chief jonathan keene. explain the inner workings of vladimir putin's psyche, while also explaining why you're naked right now? >> i sure can, james. i wanted to get inside the mind of putin when he is isolated and embarrassed. and the only way to do that is isolate and embarrass myself by getting naked. >> i see. what have you been able to glean about the russian tyrant? >> there is no denying that putin is feeling uncomfortable, but enjoying the refreshing feeling of his supple skin on cold plexiglas and the studio fan blowing directly on his belly button. >> look, i bought to be honest, team. i thought we would go at least five minutes into the new season before an analyst got naked? >> and you're telling me this isn't compelling television? >> i like it. >> i will give you that. outlook? >> if i could chime in real quick? >> yeah, what's up? >> i like it too. >> okay. >> that's it. >> okay. moving on, as we all know, our nation is still in shock after another devastating attack, this one on perhaps the

washington bureau chief who hangs around pick-up basketball games until someone asks him to ref, jonathan keene. >> hello. >> live from outside herschel walker's campaign headquarters in atlanta, chief field correspondent who has gotten a medley dangerous amount of sam piano in his eyes, james smartwood jr. >> dad. >> hey, james. and cbs news senior white house correspondent and "tooning out the news" contributor weijia jiang, thank you so much for being here, weijia. >> thank you for having me. it's really exciting to be with you guys tonight. >> absolutely. now, let's talk about that republican pivot to, we just want to win." how inspiring is it for voters? if republicans' new campaign slogan is, "vote for our craven accumulation of power"? >> so, this is something that we had to grapple with, starting in 2016, right? >> right. >> whenever many pundits and analysts looked at the now infamous "access hollywood" tape and assumed that then-candidate donald trump was a goner, and the opposite happened. so, i think since then, a lot of people have been, you know, have been struggling with the big

washington bureau chief whose every member of his paternal line died driving a saab into a creek jonathan keene. -hello. -chief field correspondent still working on telling the difference between helicopters and big bugs james smartwood jr. -hey, dad. -hey, junior. -uh-huh. -plus, new york times columnist who sends his friends 1,200-word essays on why they should have a great birthday, charles blow. thank you for joining us, charles. -nice to be here. -charles, what is your take on this shockingly even battle for congress, keeping in mind this recording will someday be used against us in a very brief trial in a stadium? -well, i see it this way. that people cannot maintain anger and rage. and that's not political. that's just a human psychological issue. and we realized that we had reached our max in the trump years, and we are seeing it play out again in the midterms. it's not that people don't care about democracy. it's that they cannot maintain the rage necessary to champion that cause above all else when other things feel more immediate and more urgent, like paying the bills, paying the ren

tom keene, jonathan ferro, and lisa abramowicz. you hate happy friday. >> i hated for a number of reasons, but let me tell you this. you go in on saturday, and you do more on saturday from 8:00 until 11:00 the you do for the rest of the week. >> with a trading floor, don't walk in. >> i say happy friday, and he says what is good about it. what is good about it. >> happy monday. this does my head in. i hate that. monday start 7:00 p.m.. >> tried to. much earlier. anyway, futures are down. with the s&p, we got a push back for another democratic senator. this time, john hickenlooper did he said this of colorado. high inflation necessitates that the fed is doing too much too quickly. i write towards the federal reserve the pause, and i seriously consider the negative consequences of raising interest rates and we have hickenlooper sanders, warren, and sharon brand. >> it is a movable feast, two weeks before election. with a brief from washington, we are going to go to some of the statistics you see on food and inflation. food inflation

-chief washington bureau chief whose cat is the alpha in the relationship, jonathan keene. -hello.ster, james smartwood jr. -hey. -and cbs news chief washington correspondent and, if i were the luckiest boy in the world, my dad, major garrett. -great to be with you. -major, obviously there is no conflict on earth the united states should not get involved in, but how does biden spin america turning into an irradiated hellscape to his advantage in the midterms? -so, one thing that's true about president biden -- unlike his most immediate predecessor, he doesn't watch tv and take the advice of generals on tv to chart his military strategy. he charts it on his own. and one thing i would say about the military generals currently on tv -- they either were directly or indirectly involved in two of america's most recent wars, afghanistan and iraq not necessarily regarded as absolute victories.

. >> chief washington bureau chief whose cat is the alpha of the relationship jonathan keene. >> helloor garrett. >> great to be with you. >> there is no conflict on earth the united states should not get involved in. but how does biden spin america turning into an irradiated held netscape to his advantage in the midterms? >> so one thing is true about president biden, unlike his most immediate predecessor, he doesn't watch tv and take the advice of generals on tv to

don't see to percent rates coming back anytime soon. >> this is bloomberg surveillance with tom keene, jonathan and lisa abramowicz. tom: good morning, tom keene, jonathan ferro and lisa abramowicz, mr. ferro on assignment. there is a shorter movement of a number of different stories and we are not doing politics 101, but there we are, it is a movable story at 10 downing street. lisa: it seems like the clock is ticking down on liz truss'prime ministers ship and she is getting to the end. jade knowledges wednesday was a difficult day and no kidding. she is under incredible pressure. she is going to evidently be meeting with graham brady. she has been asked to meet with him come out the member of parliament for west. all these questions around what happens with britain when it is facing incredible inflation, high rates as an economy heading downward. tom: the markets are important and then we will go to lizzy burden at 10 downing street. strolling down 1.11, now took 1.11 -- now 1.1250 is different. the turkish lira, they cut their participation rate. erdogan doing 101 economics, a new level. lis

--jonathan: they can now tell you what they think. tom keene.eme of the international monetary fund and the international command is the force of the iff chairman. but far more than the president, it is noted as well. we begin in one hour into the moment. he taught a course at the blue school chicago central bank, what is the fact right now for jay powell? >> the fact is central banks are in a bad situation. they have started late in raising rates. you could see already some trends breaking the price level. since late 2000. they focus on the inflation rate, elements that have gone up strongly and now the central banks are doing a test to catch up with reality. there is some risk in that. i now if you monetary policy as an independent risk factor. i think monetary policy has a way to go. i don't believe the current inflation rates will come down. there are -- tom: there are so many ways to go, do we need to abandon the 2% level? it is something traditional economics is comfortable with but part of a dilution to move from a 2% level of inflation t

jonathan ferro jonathan: lisa abramowicz -- jonathan ferro, lisa abramowicz, and tom keene. g at goofy stuff. jonathan: chaos here are chaos elsewhere? tom: chaos here! the padres won. it is the second largest beating of a team like the dodgers. the dodgers lost. jonathan: are you done? i'm just joking. tom: what is so what about 10:30 this morning on global wall street. jonathan: the debt market, financial markets are so severe it has for the government to do a u-turn. tom: i saw it, jon, this weekend. is the united kingdom on the edge of becoming italy? jonathan: i don't think so. it has its own central bank doing its own thing. it does not compare to what is going on in the euro zone debt crisis. this government has been forced to do something it did not want to do. the chancellor is leading the country right now. not the prime minister. rishi sunak -- tom: let's bring it home. some up all of this international blather -- sum all of -- sum up all of this international blather. people who are looking at rent's up, tuition is up and food. lisa: moynahan is talking in the ear

jonathan: next payroll, for our audiences worldwide come out good morning, alongside tom keene and lisa abramowicz i jonathan ferro. futures -4%, jobless claims a little off ahead of payroll. tom: something changed come out tomorrow all of a sudden matters for the fed meeting going up and far more than that it has to confirm that jolt statistic from earlier this week. but then stasis, we have not pulled back. jonathan: and negative this morning. a pushback from fed speakers. i went to the fed speaker today and kept scrolling down. lisa: we are getting there. pretty much everyone except for jay powell, he is the one that will be saying the same thing and all of them will probably reiterate what mary daly said yesterday, stop thinking we are going to raise rates at a certain point and then cut them. they are pushing back on the idea of rate cuts in 2023. the market keep saying you're wrong and that is it. jonathan: if you want to signal, that is not what you want to do. the pushback. lisa: people are getting more cuts in the global market and the market has been right. this is a consequen

with jonathan ferro, tom keene and lisa abramowicz. jonathan: this is "bloomberg surveillance." into jp morgan in just a moment. retail sales are coming up and we have a process. lisa: especially given the strength we are seeing from certain components of the population and the weakness from others because of inflation. messy. jonathan: this is the word of the week. lisa: it is the word of the year. i was looking through cpi components, what was the biggest one? jonathan: shelter? lisa: no. outside of shelter, it was health care costs. specific corners of pain as people try to figure out how to live. jonathan: services versus goods, one is fading and the other is getting sticky. lisa: the sticky aspects of this inflation are persistent. how do we game out what happens next year? we heard from banks it will get ugly and they are doing just fine right now. squaring that message will be increasingly difficult at a time where they are making incredible profits. and they are not passing along the interest costs to the savers. jonathan: can i say word of the week and word of the year

jonathan: live from new york city, good morning to you. this is bloomberg surveillance. alongside tom keene'm jonathan ferro. yields lower by 12 or 13 basis points. 3.70 on the 10 year. 97.66. crude up 5%, 83.56. a conversation of output cuts at opec-plus. lisa: one million barrels, the most since the heart of the pandemic. that is a significant amount of barrels cut, not added, a reversal of what we've been seeing. you have opec-plus saying we need to support the integrity of pricing, but it has helped many nations with lower inflation. tom: futures up 22. the heart of surveillance is the quality of our guests. we speak now to jeffrey sachs, economics professor at columbia university. he was 10 years out front on the collapse of american education and the structural -- struggle of two america's. i must digress on your take on the war in ukraine, the russian that you knew so well under yeltsin. they are equating you with the realists out there. which should be our response to mr. putin with your thoughts on war and aggression after the human atrocities that are reported? jeffrey: i was atta

announcer: this is "bloomberg surveillance" with jonathan ferro, tom keene. >> good morning. this is bloomberg surveillance prayed i am jonathan ferro with lisa abramowicz coming up later and the special guest including apollo's jim alto. features down about 1% on the s&p 500. we have a lot to talk about in this bull market. the bank of england today. >> the bank of england continuing to have their backs against the wall. they have no choice in the matter. they are trying to do with the political situation that is across the system. the new acronym to your -- du jour. you are setting up for a showdown as you basically have the program ending, quarter to beginning and the budget due on the same day. >> we have a showdown, haven't we? greg is going to be with us for the hour on a lot of this. the bank tries to sign these operations of purchases. to be expect to wake up monday morning and see this continue. >> any time you draw a line in the sand, there is generally a bad idea? i really worry about that. the markets will tested them. i think most investors believe this is a progr

jonathan: tom keene took the day off. live from new york city this morning, good morning to you. cpi in europe coming in really hot. 10 point 7% on cpi in the eurozone this morning. lisa: third quarter gdp grew more than expected at 0.2%. how much are we looking at the idea of consumer prices rising faster than expected but the economy is still hanging in, prodding the central banks to raise rates. jonathan: 75 basis point interest rate hike in europe and it doesn't look good for these banks to maintain financial stability. lisa: people might be getting it wrong this time. they say inflation will drop. how much the fed will start to confirm that believe and what does the market do? to the understand this means slower growth, slower bleed, slower margins than some companies we see? jonathan: and how does the fed communicates some sort of step down? without triggering easing of financial conditions. lisa: how did they communicate that there is pain and how does it get confirmed by earnings that have not capitulated? people don't they have expressed the full pain that will be coming

. >> this is bloomberg surveillance with jonathan kane, , tom keene and lisa abramowicz. good morning. this is bloomberg surveillance on tv and radio, i am jonathan ferro. two big days up on the brendan: -- on the s&p. tom: if adp jolts you like it jolted yesterday, what do these markets do. lisa: how much the market counts point and kindly respond with a rally? that is what we saw -- point and respond with the rally? that is what we saw with the bigger drop than expected in the job openings in the u.s. is this reason to feel the belief that the fed cannot go as high as they say they are going to? jonathan: it is a game we have periods where soft landing starts to do better, you have contractions, then you have job openings drop more than one million, soft landing. and then you have cpac next week. tom: you know this shows what we're doing here. what matters is the data, as we have seen the last two days, and looking forward to october 14. lisa: i go back to what mike wilson said, which is a playbook that used to work does not work, and that is what we should be looking at

jonathan: live from new york city for our audience worldwide, good morning. this is bloomberg surveillance, live on tv and radio along with tom keene and lisa abramowicz, i am jonathan ferro. tom: we see the dow up 1200 points. but i've got to go around the globe from sydney to part this morning, how do you link in this shock from the bank? lisa: basically saying that we are closer to peak yield. does that count as a blink? tom: they blinked, but not in sydney. lisa: does this symbolize that central bankers around the world are heading the threshold for how much they can tighten policy in the face of financial stability risks, even after all of that fed speak that i ignored where they basically come out and say we are not going to blink and we have considerably more to go. jonathan: let's get to the numbers and talk about where we are now. the two-year was -- the 10 year was a little north of 4% last wednesday. you've got this broader story where we have seen peak bond yields. tom: we are dated in the fourth quarter. we are also data-dependent up to friday. jonathan: is that bullish if we see peak bond yields in our future with wea

good morning, lisa abramowicz and jonathan ferro. tom keene back in a couple days.ative, down .2 percent. yields up almost a basis point in germany, 2.20%. 96.94 euro-dollar, down about .5%. that is the weaker euro. lisa: how much is because of the conflict between ukraine and russia and the acceleration? and how much is because it feels like the ecb is even more between a rock and a hard place in the federal reserve not able to tighten as much and credit concerns about peripheral yields? you see that with yields rising today. jonathan: and we will see that again in two weeks time. let's go over to maria. maria: we are joined here by the dutch deputy prime minister and finance minister, sigrid kaag. today we have to talk about ukraine. what we saw this morning is potentially a country that was blitzkrieged almost by russia. when you see that not just as a politician but as a european, how do you respond? >> it is horrific, the indiscriminate shelling of innocent civilians, real violations of international law, and i have heard the commissioner speak of war crimes. m

. >> this is berg surveillance with tom keene, jonathan ferro and we sever avoids. jonathan: i heard them by name. i told -- i was not going to speak to you this morning. tom: do you like my bowtie? somebody on radio said i wore this for pharaoh. jonathan: no love for you. live for our audience worldwide, good morning, this is bloomberg surveillance. equity futures just about positive on the s&p. what a turnaround friday. would start there. tom: his clients pushing very optimistic into the end of the week, he resets over the weekend. i would focus on destruction sooner, china -- sunak, china. the markets are speaking volumes. jonathan: i agree. the u.k. has punched well above its weight. china doubly down. some real market reaction in response to that. chinese currency is weak and the equity market really struggled overnight. tom: the funds flow out. 7.267 yuan was a big deal, 7.26 is even bigger. but given that heartbreaking -- i editorialize, that video we saw. to the markets tell their political step of what to do like the markets told liz truss would? jonathan:

. >> this is bloomberg surveillance with tom keene, jonathan ferro, and lisa abramowicz. jonathan: good morning. this is bloomberg surveillance on tv and radio. i am jonathan ferro. futures up again on the s&p 500, up 1.29%. tom: goldman coming up a little bit later. it'll be interesting after the generally good news we saw. it is finally acquired tate, lift inequities. i am going to one person. brian moynihan. do we get the same surprise from solomon like moynahan? he will say business is not all that bad. jonathan: we will talk about the other consumer banks. brian moynihan saint consumers are spending, they have good credit. consumers are in very good shape. you had jane frazier at city saying the u.s. economy remains resilient. we know all of those things about the u.s. economy. tom: you have to go to the conference calls and this dreaded forward guidance. gina martin adams is really good at this at bloomberg intelligence and she says there is a wait to looking out further like there was a year ago. jonathan: early days, but are we skipping over a very low bar for the

jonathan: big earnings after the close, good morning. this is bloomberg surveillance on tv and radio, alongside lisa abramowicz and tom keene i am jonathanerro. tom: a big day, a big day for earnings as well. the ecb, we are going to the statement. i am not an expert, this is not just about folks. for more than the fed, this is about a balance sheet analysis. jonathan: the potential to wind back the balance sheets. things get harder as the year progresses. 75 basis points potentially, then talking about balance sheet unwind, all of this gets to recession. i've said repeatedly all week, they are said to do this on a week we have pmi in the 40's on the euro side. tom: energy is down as well. you have stability within the united kingdom, 11561 on sterling. it is a changed landscape from two weeks ago. jonathan: without a doubt, the dollar is weaker. that is giving people more faith in the equity market. going back to the ecb, 75 basis points into a recession potentially, with double-digit cpi. not pretty. lisa: i wonder if the weakness, if it comes quickly, is going to be a benefit to be able to hike, have a recession, then perhaps a clean

. >> this is bloomberg surveillance with tom keene, jonathan ferro, and lisa abramowicz.cks flipping and flopping as they balance the better earnings after inflation goes higher. jonathan ferro is off. he is not playing ftse with the dow. rates higher, 10-year yield in the u.s., the highest level going back to 2008. tom: on a wednesday it is supposed to be quiet. all of the talk to me is in the yield space. i go to the real yield, 1.66%. not a -1% of ages ago. lisa: this is the big takeaway of the past couple of weeks, not just in the u.s. or u.k., but around the world. where are we going to end up? we are not going to end up at zero. that has to be a reset for companies in quarters to come. tom: this morning across wall street, they will have their year end review, their first look at 2023. good luck with that. lisa: where is the visibility? that speaks to their earnings we are getting, procter & gamble front and center. it highlights the fact that consumer facing companies dealing with all of the industrial headwinds are still doing ok for now. kailey: the operative phr

announcer: this is bloomberg surveillance with jonathan ferro, tom keene, and lisa abramowicz.ood morning, good morning paired for our audience worldwide, this is bloomberg surveillance on tv and radio. what he futures negative -- or rather positive by 0.05%. i'm so used to saying negative. lisa: if we have a seventh day of losing, it will be the worst since february 20 20, hitting the lowest level since late 2020 yesterday yet again. jonathon: we say often that the headline number is for the headline of the newspaper. let's start with core. lisa: it's going to increase, that is the expectation. what does that do for the fed? does that mean they have to be more aggressive and kind of squelch those voices on the outside saying i'm a little bit worried about what's happening with the financial stability. jonathon: looking for another 75 after this? lisa: ultimately. we will have to see what this says. jonathon: the economy is rolling over with it. lisa: mark wilson says that light at the end of the tunnel is a freight train coming straight at you. jonathon: if you are very bearis

jonathan: he has some concerns about how we using the spr. perhaps next year if we have a real crisis in the crude market, he was keen to point out we have notif you end up with some of the lowest levels in petroleum reserves going back to early 1980's, what kind of ability do you have to offset some of those prices? people raise the issue of going into the winter, some of the diesel prices. how do they offset that at a time where that is going to be bigger? jonathan: operation midterms. is this the final jobs report before the next midterms election or do we get one more? i wonder about the timeline going into the midterms and whether this administration can get there. the democrats can get there before we start to see the cracks in the labor market. lisa: i'm pretty sure we have one more, but it comes after the fed meeting. jonathan: it is sandwiched in between? lisa: some really interesting moments. jonathan: fascinating next month, it really is. joining us now is nadia lovell, senior strategist at ubs. wonderful to catch up with you. those decelerating rate hikes from 75, 250, 225 everyone is hoping for, is that sufficient to add to equi

has some real keen insights that help us, i don't know, just kind of figure out how to get through the day more effectively. adam just posted yesterday something that applies to jonathan's stuck in the mud thinking, and i want to read this, just posted yesterday by adam. adam says confirmation bias, jonathan, is twisting the facts to fit your beliefs. critical thinking is bending your beliefs to fit the facts. stop rooting for cheaters, jonathan. >> go astros. >> without mika here it's going to be a long morning. >>> we begin with new evidence connected to donald trump's efforts to overturn the federal election. trump signed legal documents claiming voter fraud knowing the information was false, the case is part of a records dispute between the house committee investigating january 6th and the architect of the plan to overturn the election, john eastman. the judge ordered eastman to turn over 33 new documents, including four e-mails that the judge says demonstrate an effort by trump and his attorneys to press false claims in federal court. according to the ruling, one of the documents included an e-mail exchange that eastman tells members of trump's legal team that thes