between what the u.s. would do and the contingency, if it was exposed to the daylight that would be the end of the alliance. you need a political, appropriate political atmosphere to support or at least accept the government [indiscernible] 1996 declaration, together with [indiscernible] enabled an -- us to go ahead with that. i think that was an amazing day. i still remember the day [indiscernible] signed the documents. it was an emotionally moving day. since then i have been involved in bilateral dialogues transforming the alliance. [indiscernible] i think the basis has been set. also after that there was a lot of work. people to people. [inaudible] all these people worked with each other very well. when you have a mutual trust around people, in each agency, that makes it much easier. grace: thank you, ambassador. it is clear when we think about the perceived gaps in the alliance, it is the death of the alliance. we in speaking to how do you create a narrative or rationale, a new rationale for the allianc

the u.s. and its allies here on c-span2. >> we have here representatives from the united states and some of our closest allies and partners. we're here because, unfortunately, with the wars in the middle east and europe, we've been reminded that we must be prepared to protect our interests with military force, should deterrents fail and we've seen what happens when deterrents fail, tragedy, death, destruction. and both of these conflicts have shown us in real-time the importance of scale and adaptability and cooperation in defense production. allies are emptying their musicians stock piles, demand for ships and aircraft and outstrip supplies. demand for, as i said munitions. at the same time the proliferation of technology have allowed longstanding weapons systems, if not obsolete, at least degraded in their capabilities. allies will need to combine their industrial efforts to keep pace with dynamic and intensifying security challenges and that's the subject of today's morning, looking at how w

coming up, what the tsmc u.s. plant yields mean for the rest of the u.s. estment bringing supply home. bloomberg technology. and silver. i got the brochure from u.s. money reserve, and that's when i decided i can make more money with this than i could of leaving it in the bank, because if i put 20 grand of paper in there and i had 20 grand of gold, a paper ain't going to make me any money. so i just bought it because it's my insurance policy. if you'd like to learn more about why physical gold should be an important part of your portfolio, pick up the phone and call to receive the complete guide to buying gold, which will provide you with important, never seen before facts you should know about making gold purchases u.s. money reserve is one of the most dependable gold distributors in america. caroline: today's big story. tsmc chip fields in the u.s.. what it means for american chip manufacturing at large. let's bring in bloomberg intelligent senior analyst mandeep singh. tsmc is getting superior yields even to where they were produced at home. what does it

the u.s. hich demanded israel allow at least 350 aid laureates each day within 30 days or risk losing military assistance. a middle east editor has this update. >> the u.s. has not received the answers at once from israel over the strike that hit a five-story building in northern gaza. hamas officials say at least 90 people were killed or missing. the idf has spoken to the bbc and several other outlets to give some kind of explanation of what happened saying troops spotted a man with an ocular's on the roof of the building. what they called a spotter and made a decision on the spur of the moment to take that individual out. they say they did not intend for the building to collapse. the building was not the target. this is perhaps a sign of how the israeli army operates in gaza and certainly something the u.s. is expressing more and more concerned about. this is the biden administration. the u.s. state department spokesperson described it as horrifying. the u.s. has given israel a 30 day deadlin

i think one of the things that the u.s. has to be careful of is that as the israelis move forward as barack was reporting, that you're going to have a call to limit good to be israeli strike or the israelis breaks whatever they may be is so when you look at the map of the middle east, you see we are pre-positioned in all of these different areas in their beds sea and the gulf of oman in the persian gulf i, we will use assets to protect israel. the policies so far is not to aid the israeli please as they go engage in our sensitive operations. so we have a history of trying to prevent israel from attacking iran over the last few decades. and that i think will continue as part of us policy. but it's going to get really difficult if as the iranians respond potentially to an israeli strike on their territory i then of course that becomes an issue where we have to make a choice, but we will definitely not let israel suffer major consequences from an iranian attack if we can help it right? >> i mean, the u.s has said there'll be se

concerns with the u.s. debt and concerns with the potential new tariffs from the u.s. d other countries as well. what does it mean for 2025? >> i think the trend of lower rates is in place. nevertheless, this is more an economic issue and people have become too complacent about inflation and that there are too many expectations of a rate cut. i think over the coming months people need to look towards inflation numbers in the u.s. in particular. i think that the fed is not going to cut interest rates as much as people expected in 2025. nevertheless, as long as inflation is under control and not significantly move up ward, i think the market can live with that and it's not a main issue, but nevertheless, we need to be aware there is an inflationary risk with the current level of expectations. >> francois, stay with us. before we continue the conversation, i want to look how we are trading in europe so far this morning. the stoxx 600 performed well. we had the stoxx 600 ending the week up almost .6%. however, today, we are seeing a bit of a muted reaction as investors are

reporter: did the u.s. ve any indication whether or not they were successful that the iranians intended to strike any u.s. assets in the region? >> i will refer to the pentagon to speak to any details as to what the iranians may have been targeting, they are obviously the best position to monitor that and to speak to it. and i know they are having a briefing later today. i'll defer that question to them. reporter: we understand the embassy had all of its employees go home and shelter in place. >> that was out of an abundance of caution of knowing that an attack on tel aviv might be in the works. and so we took that step out of tel aviv and potentially jerusalem, out of an abundance of caution. in terms of what specific sites iran was targeting, i will defer to my colleagues in the pentagon. reporter: in terms of the partners he mentioned were involved at this time, were there fewer partners, less support for their engagement at this time around? >> i think that is still a specific. maybe it isn't a generalit

he left the u.s. elections coming up in early november plus the fed meeting, and there were thinking there would be too much confusion, a lot of caution. along comes the new japanese prime minister in the bank of japan and they gave a green light saying sell the yen for the next few weeks anyway, because the japanese election is not until the end of the month. [laughter] they cannot leave their good fortune. on top of that, you look at the jobs data, the private sector has given a bid to treasury yields, so there was a little bit of momentum for the u.s. dollar for the point of view of a touch higher in u.s. yields. then you get what seems like a one-way skew in terms of the yen . they do not want to raise interest rates, so that will play out in the yen, particularly when you consider the positioning. market was very neutral. at the beginning of august when we had that huge rally in the yen, it was skewed toward people already being short on the currencies, so they needed to quickly scramble to cover

u.s. data ahead of the fed next weekend and the u.s. election. china, south korea, taiwan among the markets are trading -- treading water today. helping the hang seng to keep its head in the positive rate -- positive territory as the likes of hsbc. big boost to the benchmark after it announced its profit beat as well as that share buyback plan. and it's urging three plus percent now. let's take a closer look at what we see in the japanese currency because that is where we see the recouping of the steep losses from one day ago, moving even further away from the 143.8 level. some do to safe haven demand. there is an element of that ahead of the u.s. election. data showing jobs arising, suggesting a tightening labor market. that makes the case for japanese firms to hike wages. something that the boj has a requirement for it to tighten monetary policy. but keep this in mind, another element is how arguably the july rate hike was prompted by the yen weakness. given where we see the yen now, there is a sense that may be traders aren't just writing off s

and the u.s. rt workers strike in almost 50 years in what economists say could cost the economy almost $5 billion per day. >>> all right. let's take you straight to some uk data in the form of the financial manufacturing pmi for the month of september. that came in bang in line with the flash estimate of 51.5 versus 52.5 in the month of august. it seems as though some of the uk budget worries way on the factors. that is still interesting to note. obviously, we'll get the budget and, of course, more insights coming from the labour party later on this month. >>> quick check of sterling-dollar. 1.3343. that is one of the best so far this year. why? cuts by the boe are slower than also where. a quick check of the equity markets and we're just modestly higher by the tune of 2.2%. bouncing back from the weakness in yesterday's trading session on the back of the autos downgrades and guidance cuts. today, when it comes to the sectors, banks are under performing because morgan stanley has downgraded the sec

is there a liquidity problem in the u.s. at a stock that size can rally that aggressively on the promise of sales growth? do you think there is a liquidity problem in the u.s. market or it's like, hey, let's own this >> i think it is volatility around the names that have been beaten down in the past. i think that matters what we have seen, too, and this matters all over the world it is not just the earnings report, but the guidance and going forward. >> you are not going to talk -- you've got to go what did the market expect him to say when does elon musk ever, like him or loathe him, a lot of viewers out there. when has he never said something bullish about sell s bullish about seales >> a lot of bull >> would you like to come back >> i would thank you very much. >> lovely to meet you. david groman at citi >>> coming up on the show, airlines pulling back from china. something about the horoutes whe they can't fly over. we'll bring you the details next has no idea she's sitting on a goldmine. well she doesn't know that if she

two weeks out from the u.s. what does moscow make of the race that could have huge ramifications for russia and its war with ukraine? special report from our russia editor steve rosenberg. israel says it will carry out more strikes targeting hezbollah and its financial network in beirut in the coming hours as it expands its operation in lebanon. israel targeted dozens of key targets on sunday night. hezbollah says it is targeted and idf intelligence building in tel aviv, though it's unclear if the strike was successful. comes as israel says it has dismantled spy network gathering intelligence for iran. the police say all seven members have been arrested, alleging the suspects completed some 600 missions for iran, mostly involving sensitive sites and potential human targets. there are concerns in washington about leaks from within the u.s. government. the white house has said it is easily concerned about the leak of a pair of highly classified intelligence documents describing israel's reparations for a retaliator

confirming the two u.s. destroyers were used to help shoot down at least some of those missiles that were shot from iran and then emphasizing as we've heard from everybody that a diplomatic solution is the only one for lasting peace. richard engel is in lebanon. richard, i cut you off many, many minutes ago to go to matt miller at the state department take me back to lebanon and what israel is doing right now. >> reporter: are we back? you kept me waiting so long, the audio went down but now we're back. so i was saying to your question, you said what is israel doing in lebanon. what we saw just a short while ago with the ballistic missile assault, much of that counter strike, the air defense systems took place over our heads. took place in lebanese air space because it seems the ballistic missiles were traveling from iran. that would put them through syria through lebanon on their way to israel. our colleague raf was catching them as they were crossing on to the israeli side of the border. the two of us are w

in the u.s. and elsewhere and i think the reach has been relatively limited and some have been clumsy and we need to pay attention not just to efforts in the u.s., but globally, more propaganda, how that affects china and the united states. >> concluding point, i think it's hard to really change to any incentives and behaviors in these spaces, so it's up to the united states to focus on increasing the economic and informational resilience of itself at home and as well as off the allies and partners by countering chinese narrative and providing alternatives viewpoints and information. not just voice of america, but providing resources and training and equipping local media outlets to report, and to have other sorts of information apart from the chinese government and i think, you know, within the u.s. we want to raise awareness of the influence i think at the local and state levels not just at the national levels. i think that politicians are unaware of the potentially corrosive actions and less wi

the u.s. warning to israel, threatening some cuts to military assistance and -- unless more military aid is allowed into gaza. the u.s. has its peacekeepers will remain on the ground in lebanon despite israel urging them to leave. in the u.s., origin sees 8 -- georgia sees a record number of early voters. ♪ welcome to "world news america." we begin with a stark warning from the u.s. to israel over its conduct in gaza. in a letter leaked to the press, the u.s. has given israel 30 days to boost humanitarian aid access in gaza, or risk having some military assistance cut off. the letter, signed by u.s. secretary of state antony blinken, and u.s. secretary of defense lloyd austin, says recent actions by the israeli government including halting commercial imports, denying or impeding 90% of humanitarian movements between northern and southern gaza, are contributing to an accelerated deterioration of the conditions in gaza. the statement goes on to describe what is happening in the territory as a "d

the u.s. has increased its defense posture in the region. the last time there was an iranian attack on israel in april, the u.s., israel, and jordan helped to shoot down almost all the projectiles. at the moment we have been told by one israeli official that they expect this response to be even more substantial than the one that came in april. obviously, israel has just taken out the leader of hezbollah over the weekend on friday, launching all sorts of attacks around invasions in southern lebanon. at the moment, everyone is on edge, anticipating some kind of iranian response. from there it is -- where do we go from there? how does israel respond? what kind of casualties are there? the u.s. is concerned that any sort of escalation could prompt a regional war. that's what everyone is looking out for at the moment. sonali: perhaps describe that escalation we have seen over the last few days and what we might see today. how does that change the narrative around what's happening in the middle east

during the attack the u.s. military coordinated closely with the idf to help defend israel. u.s. navy destroyer is deployed to the middle east region and fired approximately a dozen interceptors against the incoming iranian missiles. initial reports indicate israel was able to intercept a majority of the incoming missiles and there was minimal damage on the ground, but i would refer you to israel for confirmation and any questions on that as they are in a better position to discuss. please note we are still assessing the attack and outcomes and numbers may change as we receive updates. additionally, no u.s. personnel were injured or harmed during the attack. secretary austin, chairman of the joint chiefs of staff general brown junior and others have been in constant contact with president biden and kamala harris throughout the day. in addition to his phone call this morning with israeli minister of defense yoav gallant prior to the area near tag, secretary austin spoke to the minister a short while ago to get an update and reaffirmed the united states's ironclad commitment to the

you have such, the u.s. government is so large and the japanese government is very large, but what happens, if you are not conveying the same message and you are losing the trust of the other side, you have to work hard at that. general wright, we would have daily intelligence briefings at the embassy and we would share those, in general wright would come once a week or send the deputy commander tim larson in his place. we would have, we would adjourn the intel meeting and then we would go back and visit one-on-one. it really worked. it worked for both of us. because he really couldn't tell me what to do, i couldn't tell him what to do, and i thought it might be good to point out that if we said the same thing, the rising tide might lift both boats and it did. you have to have that coordination. you have to have the coordination within the government. one of the most difficult things that i think you have to contend with, and i see nick snyder back there, but you have to constantly keep washington updated as

the u.s. congress recently released a report highlighting the disparity and building capacity between the united states and china. to be blunt, it found that china is far ahead. right now china has 230 times the ship building capacity of the united states, while also possessing the world's largest maritime fighting force operating 234 warships to the u.s. navy's 219. the great 19th century naval historian famously side, whoever rules the water rules the world. and the power dynamics. and there's strong bipartisan support in the u.s. to address this challenge. the bad news is that by working together the capacity exists for korea and the united states to build a stronger industrial foundation and one that will jointly support our friends aallies national security and economic prosperity. korea is the world's second largest ship building country with a 30% market share and reputation for efficiency and excellence. visiting korea's ship yard earlier this year to see our swift ship building, as he

the u.s. is sending an advanced missile defense system, and the troops to operate it, to israel to deter iran. the humanitarian toll deepens with a drone attack on israel and fighting in lebanon and gaza. u.k. prime minister keir starmer vowed to rip up red tape and pitched his vision to britain to executives at the international investment summit in london. we will have coverage. we will be speaking exclusively with the prime minister later today. tom: happy monday. european futures currently in lackluster territory after ending last week in positive territory, fresh records coming through on wall street by the end of play on friday, the earning story out of the banks particularly jp morgan lifting sentiment. another big week in terms of the earnings story with the likes of goldman and citi fleshing out their details read in europe, asml later in the week you have economic data in terms of retail sales out of the u.s. we have that decision from the ecb on thursday expected by markets to come t

u.s. interest rate cuts. antony blinken makes an 11th visit to the middle east as the u.s. renews its push for a cease fire between israel and iran backed militants. clear skies for sap as revenues jumped 25%. we will speak for the cfo of europe's biggest software company later this hour. we checked these markets with a focus on fixed income with a global selloff and bond markets and we will reflect on the u.s. 10 year shortly. you are looking lower on the back of the futures, currently up .1% down across the asian markets. a little bit of modest selling in u.s. stocks after that record that was pushed through. european futures pointing higher, waiting for a catalyst and fed speakers as well painting an uncertain picture but building out expectations that maybe they will go slower. s&p futures off by .2% and the nasdaq looking to lose around 68 points. let's look cross asset because that bond selloff is pronounced. it has moderated to some extent but 50 basis points higher over the last 30 days at the front end, currently back above 4%. part of that down to fomc speak but al

what is so attractive about the u.s. >> first of all in the u.s. we are one of the top. the u.s. he largest wealth manager market in the world. so in this country we manage the facility. we got pretty big already and well positioned. of course completely. a situation on the incumbent meaningful residence. they will be able to compete where we can add value in all areas. every time there's a wealth management and business. putting together with our leadership. having a very important global player. and an alternative in some cases >> why is it you think that the u.s. bounced back from the pandemic. so much quicker than europe did. >> the reason i mentioned before is the u.s. and also other countries but particularly the u.s. it is remarkable that was the case. one could argue that maybe the u.s. went a little bit too far. there is a price to be paid. the public is at this level. also the creation of inflation that was not necessary. government stepping in and taking concrete action. there is a big difference. for the reason i mentioned before, when you go to europe it is much more

the u.s. would back an israeli attack on iran's oil facilities. >> do you support israel striking iran's oil facilities, sir? haslinda: a u.s. official later a clarified the ministration was still in talks with israel and believe no decision had been taken yet. biden's comments came after a group of leaders urged restraint this week against an uncontrolled escalation in the middle east. and both brent, as well as wti crude have soared this week on growing concerns that supplies from the middle east may be disrupted. the region accounts for about one third of the world's total supply. let's get the latest on situation in the middle east with our news desk editor jill disis, what do we know right now? jill: i think it's really about those biden comments at the moment that is what triggered this market reaction in terms of oil. there's a lot of attention right now on what the u.s., as an ally to israel and what the group of seven are doing to try to control or encourage israel to de-escalate tensi

just over two weeks from the u.s. election. teslas ceo elon musk offers controversial one million dollar handouts in key states. we have the latest on the race for the white house. tom: happy monday, we're checking on these markets after six straight weeks of gains for u.s. stocks. the focus still on the middle east tensions, but as well in the mix for investors, a massive week for earnings with tesla and boeing in the u.s. and the likes of sap and deutsche bank here in europe. lloyds i'm the u.k.'s welcome the european future set for a modest losses down 0.1 percent, ending friday in positive territory, ending the day up 0.2%. ftse 100 future is pointing to gains of 0.2%. s&p futures after that fresh record on friday currently flat. just below that 6000 level for the s&p, currently 590 five. nasdaq futures modest losses of a 10th of a percent. let's lacrosse asset. last i checked the u.s. benchmark was unmoved at 4.08. euro-dollar at 1.08, softer on the single currency. brent up 0.5%, you can tie that in the middle east tension

days after the u.s. y of state and defense threatens to pull military assistance to israel and less more aid enters gaza. the u.n. says some supplies are reaching the north of the territory. this comes after a fortnight when no aid were able to reach the people trapped. america's envoy to the united nations called the emergency meeting and told them that the u.s. government made it clear to israel that it must do everything possible to avoid civilian casualties in gaza. linda: a "policy of starvation" would be horrific and unacceptable and would have implications under international law and u.s. law. the government of israel has said that this is not their policy. that food and other essential supplies will not be cut off and we will be watching to see that israel's actions on the ground match this statement. >> a view from the u.s. at the united nations. let us bring you up-to-date on what is happening in lebanon. israeli strikes are continuing. the u.n. peacekeeping force said that israel fired at one o

the wall street journal front page with the headline on the economy, the u.s. economy extends the growth streak. gdp rose at 2.8% in the third quarter on consumer and government. i want to show you a little bit from former president trump's rally in green bay wisconsin. here he is talking about a list of policy initiatives that he will do if he is elected in november. [video clip] >> after years of building up our nation, defending foreign borders and protecting foreign lands, we are finally going to build up our country. we are going to defend our borders. we are going to protect our citizens. we are going to protect our land. we are going to protect our country. we will -- >> how are we doing, everybody? i want to thank high point university for helping put this together. we wanted to have an intimate town hall with you guys, the next generation. there are a lot of talks about the groups that will determine and decide the next election. gen z makes up one out of six of all voters this election and you are inheriting a country with a lot of problems. you guys a

the u.s. is weighing capping the sale of ai chips to some countries, broadening restrictions beyond just china. we are joined exclusively this hour by the of indio third t i.t. firm, hcl technologies. we will discuss the risks and opportunities he says -- he sees ahead. the s&p heading in another record level. avril hong, we are losing track of that already. the 46th session. >> given the record number of highs we have seen, you d think maybe it's time for a cooling off, but no. this is what we are seeing on wall street overnight. to your point about ht's lifted sentiment in the asia-pacific, mostly higher, including in japan. itretrned from a long weekend helped in part by the weakness whave been seeing on the japanese currency,ut there are a couple of outliers to this climb in stocks today, as we see the energy sector, the underperforming one, the worst performer as brent and usc crude -us. crude futures dropped and keeping an eye on whate seeing in chinese s the prices haven cming down amid

the u.s. government is really striving to be a partner of choice, when it comes to these countries, low and middle income countries, to provide the kind of intellectual partnership, the funding and the long-term thinking that we need, to ensure that stability and growth of the economy. we are also doing work that sets the stage for u.s. private sector growth and development. when it comes to supporting countries transitioning to renewable energy, one of our signature interventions is shaping free, fair and transparent options for energy, that u.s. energy developers can bid on, to ensure these governments are getting a fair and predictable price over time, to build up that renewable energy infrastructure, and u.s. businesses are able to compete fairly in the context of those options. that is one of many examples where u.s. businesses, u.s. employees and the u.s. economy benefits from the partnerships we are talking about. >> thank you. >> just to complement what killian noted -- what gillian not

the u.s. presidential election and regardless of who wins in 14 days, there will be a lot of for -- a lot of fiscal spending. jonathan: the risk is long. -- the list is long. upside surprise after upside surprise with the retail sales from last week. the note that i would make is that it's global. a double digit move. it's the same in germany. even in australia we saw i-16 basis point with. not -- basis point move. lisa: people getting over their skis when they thought they were going back to low rates. maybe it's the imf pointing out $100 trillion in debt outstanding. i don't think that is the case. some people attribute that but they say it every year. there is a bigger concern here that this is a market and a world that is more fundamental larry -- fundamentally inflationary. this idea that we were heading back is being questioned. jonathan: some push back, "it is difficult to envision an outcome that would warrant another 25 points higher outside of a gop sweep." if you get the gop sweep, w

now sitting at 3.2% for the u.s. for the third quarter. that is the u.s. growing above trend. ints of that in the retail sales figure. we also get the jobless claims figures today. they are expected to be muddied by the hurricane impact. in my next chart, i'll show you how much the initial claims were muddied by the last two hurricanes. you see hurricane irma and hurricane ian had a big effect on planes in florida. the print today will likely be muddied by that so will have to strip out the states a did have hurricane impact to get a good guide on where the labor market is going from here. tom: thank you for that preview of the date it expecting out of the u.s. and what will tell us about the broader economy. coming up, tsmc releasing earnings in a few minutes time. concerns rise about slowing demand in the chips sector, the concern red bells being rung by asml. click come through with some numbers that may give some relief? we will bring you the data when they cross. stay with us. this is bloomberg. ♪ i can't believe you corporate types are still at it. just stop calling each

. >> treasury secretary janet yellen talked about the future of the u.s. economy, focusing on competition with china, the front tax cuts, and the debate over tariffs as key issues that will impact the economy over the next few years. the discussion was hosted by "atlantic." >> good to be with you >> madam secretary, so good to be with you again. the fed yesterday made its long-awaited decision to cut interest rates. what do you make of what they did? did they go far enough? secretary ellen: i will not get into the details of their decision, but let me say that i see this as a very positive sign on with the u.s. economy is. and it has come way down in the 2% market. and meaningfully diminished. the overriding concern and military policies. and preserve the strength of the market. >> when we saw the form and participants and they will come down farther. >> there is a great deal of apprehension and management of the economy and here we are years later. an oak taylor swift has been used a lot lately. [laughter] let me ask you, are we out of the woods? [laughter

about how the u.s. has been coordinating with israel as far as giving them a heads-up about the intelligence they had, they did believe iran was planning to launch a ballistic missile well, attack we do know because it was just a couple of hours ago when us officials made that warning public that iran bonn was making preparations for a ballistic missile attack on israel. >> and it's our understanding that they of course gave that warning prior several hours prior to to israeli officials so that they could prepare for exactly that kind of that kind of attack i was also told that it was a us intel view that among the targets were israeli airfields, but also, and this is crucial. the headquarters of mossad, the international intelligence service of israel, which is inside tel aviv. it's in the northern part of tel aviv, but it's in the city. it's in a densely populated area. and of course, the concern is if you're firing even even though iran might consider that the military target, it is in a densely popul

so people once the u.s. army occupies buford and people including the cumbie people who i've talked about are finding any possible to get to buford. if they're inland they're coming on foot. they're also there are lots rivers running through the area, including can be there were people making basket boats and floating in baskets. ten, 20, 30, 40 miles to get to buford. literally risking their lives, building rafts and floating on these with their children and their elders. you know, to get to buford. these people of them are first going are going be taken downtown. and we would call it today. right there. needs are going to be assessed. people who can would be given work assignments, people who might have actually been from the sea islands going to be taken back to the sea. people who couldn't work are going to be given shelter. clothing, etc. so if in modern sense we would think about this as a refugee situation and historians actually call all of these sort of freedom seekers who are liberating themselves,

i want to start with the background of the u.s. tion processes and particularly the elections that we have, the federal election process which is outlined in our constitution which we adopted in 1787 which was a long time ago. and have some of the critical provisions that still govern what we do today. for example the president is elected by something called an electoral college. it's not like a college on a university campus. it's a college that made specifically for the purpose of electing a president and a number of members of this electro-college is determined by the number of senators they have plus the number of members in the house of representatives so for example a state like montana you have one member of the house and two senators. three total members in the electoral college. whereas if you you're in california two senators plus 55 members in the house and 57 members of the electoral college. that gives you the total. i'll explain how we get to the number 538 right now and a little bit but that's the original conception

on the u.s. tures front, pointing a little lower then is where we are today, especially then having seen what we got last week friday because it was the non-farm payroll print that the market had been looking toward and that's how you found gains in the market picture just on friday. why? because the nfp print smashed. the u.s. economy added 254,000 jobs in september. that is 140,000 up on the forecast of 150. it raised hopes of continued soft landing. how do you know when you get to a soft land? you don't. it just happens. you saim for a particular targe and place. the fed looking for another .50% cut with the markets pricing in a 1 in 50 chance that you could actually even hold rates where they are next monday. cnbc has been canvassing opinion this morning on what the fed may do next. let's take a listen. >> we still think they'll do 75 in the course of q4. if the unemployment rate drops again and, you know, we get another 200,000 payrolls, the case for moving diminishes. >> you do not need jumb

in terms of the u.s. ing people leave the country, for the past several days, we have been working -- going back to september 20 8 -- we have been working to find seats available on commercial flights. we have been able to identify over 800 seats at that time. a number that had been used by american citizens have been filled. today we were able to organize a flight from beirut to istanbul to allow other american citizens to leave. it has been a priority for us to enhance the capacity of flights in and out of the region. we have additional carriers to facilitate the transport of american citizens. there was a flight that left a couple hours ago from beirut that had a capacity of 300. it had a little over 100 american citizens and their family members. >> thank you. one final question. there have been reports of an american citizen killed in lebanon. >> we have seen those reports. it is our understanding it was a legal permanent resident, not an american citizen, but we offer our sincerest condolences to the

the u.s. is poised to help support those same kind of defense operations. but there's an open question about what other kinds of allies might be involved here who were playing a role back in the last attack but who may not necessarily be in this round. we are still watching for all of that. there's still a lot that's unknown about how this could play out. this is something where the u.s. had a sense, had indications that this is what iran was preparing to do. so they have been in touch with israel about how this may play out from a defense perspective. it's really important to note that as of now, the u.s. expects that iran will be targeting mostly israeli government and military sites and not necessarily civilian targets. at the same time, of course, as you know, andrea, there's no guarantee civilians won't be impacted depending on what we see happen here as the day unfolds. >> erin, in israel, we are hearing reports that there were sirens, some air raid warnings in central israel. i don't kno

it seems like it is a hedge against the u.s. imposing sanctions against the countries we are not happy with. we did that with russia, and now i think the chinese are buying a lot of gold. haslinda: let's take you to china. investors seem to vitamin the stimulus. -- seem divided on the stimulus. but it seems you have drawn the line, it is been well supported from here. your thoughts on whether china has done enough to reverse that sentiment. we know hedge funds are not quite buying into the story. ed: i am not buying the story, because they are using the same old tricks to get their economy going. in this case, they are trying to make credit cheaper, trying to encourage people to borrow money. they would like to support the real estate market. but once this real estate bubble bursts, as we saw in japan and the united states, it can take a long time to get that sector of the marketplace to start improving. i do not see much hope for the real estate sector. maybe that will cushion the blow. but what they really need, if i may be so

the u.s. ael is currently conducting limited operations against hezbollah infrastructure in lebanon. more than 100 people are dead, hundreds more unaccounted for, and millions without power in the aftermath of hurricane helene in the u.s. and nearly 200 people have been killed by torrential flooding and landslides in nepal. ♪ hello and welcome to world news america. i'm caitriona perry. the u.s. says israel is currently conducting limited operations against hezbollah infrastructure in lebanon, after a fresh wave of daily israeli airstrikes targeting the iran backed militant group. during a visit to be lebanon border, israel's defense minister said israel is ready to use forces from air, sea, and land to achieve its objectives. that includes assuring people who evacuated from their homes in northern israel are safe to return. hezbollah's deputy chief says the military is also prepared for israeli ground offensive. president joe biden reiterated u.s. calls for an immediate cease-fire. the u.s. st

when you compare the u.s. to other gdp -- g 20 countries, it is the only country where gdp is higher than had been projected for the -- before the pandemic. haslinda: that was imf first deputy managing director speaking with bloomberg's lisa abramowicz. our next guest tells where he is finding value in the markets and why he is still not bullish on china despite the low valuations. keep it here with us. this is bloomberg. ♪ haslinda: welcome back. tesla's lower earnings and the stock surging overnight boosting the gauge on a magnificent 7283-month high and with tesla's big earnings record earlier this year being one of the big tracks on the index, this opens the market for more potential gains ahead. confidence in bloomberg stocks in the mag seven has been one of the key insights we have been hearing this week from some of our top guests. >> does there come a point in time if the system breaks and the fed cannot exit? theoretically, yes. in our lifetimes? i don't know. i think now it probably pays not to think

the presence of u.s. troops in iraq on one hand suggests maybe israel will not attack iraq because it is not the retaliation to be on the united states. but, at the same time i do not know if that will deter israel. it creates problems for iraq and if it's being attacked, how's it going to retaliate? the potential that to go downhill is stronger than it has ever been. it's a problem for the iraqi government for years. both in the united states and iran have costley pushed and pushed for dominance and hegemony in the country. i think the successful side is a side that understands iraq was to be a mediator and constantly looking at a source of threat in the region or something on which they have to intervene strongly to reform institutions. the prior panel is talking about i think 360 relation. emphasizing person-to-person food. these kinds of things i want to bring an example for my own experience on academic. i recently found it difficult to work with the iraqi academics particularly but we are looking for

do it, but ideally, the u.s. would have to step in and really use its leverage to create a ceasefire that would be the first necessary step to stop the fire, to save lives. and only then can the security establishment tried to start to maybe rework the way that israel has been prosecuting this war. but as we know, the prime minister is holding onto his seat in power and is currently not interested in a ceasefire. so it would have to rely on outside pressure will you mentioned the u.s. supplying that outside pressure and i guess there's just so much attention put on the fact that the u.s. has very little influence over what netanyahu does or how he makes those decisions. does that reflect i perhaps the internal conflicts that you describe? is there a role for washington at this point it's a misnomer that the u.s doesn't have influence. >> the u.s. absolutely has influenced israel could not, it needs the weapons, it needs the ammunition it needs a lot of the infrastructure that the u.s. provides it, not to mention t

and martha, we know the u.s. was actively involved in intercepting these missiles today. >> reporter: absolutely, helping israel defend itself. they had two destroyers in the eastern mediterranean. they launched missiles to intercept 12 of those iranian missiles. we're not sure how many were intercepted, but certainly some of them. you know, on those ships, it's like a bullet hitting a bullet, a missile hitting a missile. to protect israel, david. >> david: extraordinary precision involved. in the meantime, i know you've been talking with your sources today. how concerned is the u.s. of the potential of a wider regional war here? and could israel now vowing to retaliate, could israel target iran's nuclear sites? >> reporter: well, at this point, david, my sources tell me they don't really know what israel is going to do. they're waiting, they will probably get some sort of heads up before they respond, but they are worried about how broad a response. i don't think they're concerned at this point that they will hit