will manufacturer abb spend $150 million to build a robotics factory in shanghai, aiming to capitalizen china's rising consumer demand and its tech aspirations. production should begin by the end of 2020 an annual capacity will be around 100,000 robots or a quarter of abb's global demand last year. the shanghai facility will have an ai and machine learning research center. that is your bloomberg business flash. nejra: debra mao in hong kong, thank you so much. geneo grissoms -- bolsonaroon -- promised to open up brazil's economy to private investment, but he has also drawn controversy by reviving nostalgic feelings for a past dictatorship. manus: not without its controversy. there is a rally in the country's stocks. just spoke to -- there will be more upside for brazil. >> i am very optimistic. towill never be able accomplish everything he said without to accomplish in view of the chaotic situation in the brazilian congress, but i think he will be able to do a lot, and it will be more upside for brazil. there will be corrections along the way. manus: joining us now is justin carrigan.

abb conducted an investigation and found the crack was from a source break due to exterior impact. unrelated to building movement and settlement. >> what are they talking about? >> he questions the conclusions and credibility of the report. >> it's one of these there's nothing to see here, everybody move along reports. >> reporter: the report references an interview with the homeowner after labor day weekend when the window cracked. the homeowner described being awoken by a massive bang at 2:30 in the morning. quote, the sound was so massive in scale, it sounded like a huge, thick vault door had just slammed shut. the homeowner described a sound like glass cracking for a half hour. >> is that a bird strike? did somebody shoot it with a gun from 36 stories below? did it get hit by a drone? they have no evidence whatsoever. >> reporter: this afternoon the homeowners association submitted a second engineering letter to the department of building inspection stating there was no indication building settling was the cause of the window cracks. the department of building inspection told a

. >>> shares in abb open sharply lore despite a bullish outlook from the industrial firm >>> and the bears take charge. european equities hit their lowest levels in 18 months tech stocks are among the biggest decliners after the dow, nasdaq and s&p turn negative for the year >>> you can see it's been a negative start for the markets in europe. the stoxx 600 currently trading down around a quarter of a percent. if we look at some of the sectors behind that driving that number down, you can see where the damage is coming from. look at media, down almost 3% on the back of those wpp numbers mt healthcare down more 1.5%. automakers are up 1.35%. construction and material up almost 0.9%. wpp shares plummeted after a report in a sharp fall in third quarter sales. they had continued difficulties in north america that seems to have weighed on the numbers. ab inbev cut its interim dividend abb shares slipped after third quarter sales came in below forecasts, net profits did beat expectations schneider electric exceeded estimates and reported than expected revenue pretax profit at lloyds rose t

am not taking abb's word for it. our department of building inspection needs to insist that a second report be done. >> but strahn says the city is not in the habit of seeking second opinions. >> typically because engineers are licensed by the state we do give them credibility. their license is on the line when they make recommendations, and i think the presumption has always been that, yes, of course they're giving professional evaluation that is trustworthy. >> jaxon van derbeken nbc bay area news. >> if you have a story for our investigative unit. call 888-996-tips or visit our website nbcbayarea.com/investigations. >>> authorities in millbrae this morning reviewing few details about a man who died yesterday after a violent confrontation with deputies. it started when someone called 911 about a man walking in traffic on busy el camino roy al. the man assaulted the first arriving deputy as that deputy tried to remove him from traffic, and at some point the deputy tased him. one witness says the man got up and kept

of course a fair comparison would be with a modern culture here to the abbé shorter lighter snappierand cheaper making it an ideal city car for a younger buyers or dominic and i would i think a spot that so few women should. be at g t i a fresh wind whether you're in town or out in the country. alternating with the international motor show for regular cars in frankfurt the hanover i eight commercial vehicles trade fair takes place every two years and this time around there was plenty on offer including world premiers as well as lodges on the european and german markets increasingly manufacturers are focusing on digitalisation electra mobility and urban logistics. going electric and autonomy is driving in both delivery vans and the long haul trucks that at the heart of strategies push by car parts maker zephyr he digs often away from drives like the ones on display edit stand break new ground as does its complete autonomy system for delivery vehicles it's aimed at overcoming obstacles during the last mile which until now makes fumes. drivers indispensable said evs innovation van dam p

of course we dealing with south sudan we're dealing with saddam there's one bits left over which is abbe i know it's a place you you know well you're from that part of sudan in the first place what happens with happy that's the bit that under the international agreements no one's decided which country should be. you know currently having the unifil force now the un is discussing the matter and trying to find out with the uni's for force needs to be configuring it if it is our conviction that for the time being we should better continue with this force as is we have voiced this concern to the un security and them. to do and secretary general of the same country and wild ways i would also to them by vice president of south sudan we believe there is not time now for gaining troops that are present in. we have started talking about i.b.a. may be up to now informally stated the two countries the two communities as well and we believe that in due course they will be an agreement on what should be the next step in our view you live in an interesting maybe a hoodie in fact one could argue you li

it's an unlikely friendship born out of a change to the status quo shinzo abbé and she's in pain twoivals coming together at a time when global alliances are shifting as trade tensions with washington heat up the leaders of asia's two largest economies and nouns to shift in their bilateral relations. users under the new situation our interdependence has been deepening. your thought we should take this historic opportunity and make it the new direction of our relationship. with. abyei talked of taking trade with china to a new level and hinted at resolving their longstanding differences out there as. japan and china need to work together and contribute to what the world expects of us. in to the toward the peace and the stability of the region and that as the world is getting. ties between the two nations deteriorated over a territorial dispute in the east china sea and the series of military confrontations but now they're putting on a united front signing two point six billion dollars in business deals. this is about more than money though japan and china also want to tackle a range o

japan's prime minister says his country is standing at a historic turning point with china shinzo abbes paid a rare visit to beijing way he held talks with china's top leadership despite growing trade ties in recent decades japan and china had a strained relationship since the end of the second world war. brown reports from beijing. a red carpet welcome for a japanese prime minister in beijing would have seemed unthinkable just a few years ago but now the leaders of asia's two most powerful economies are talking rather than threatening each other in discussions with china's premier league a chunk shinzo abbay said he wanted to lift relations to a new level. to also find out from competition to cooperation relations between japan and china that is in the process of entering a new era china is japan's biggest trading partner the volume of two way trade could grow even further given the number of business deal signed here this is a relationship marked by historical hostility and rivalry but both sides agreed to work towards easing tensions in the east china sea where japan and china claim

of course we dealing with south sudan we're dealing with saddam there's one bits left over which is abbe i know it's a place you you know well you're from that part of sudan in the first place what happens with happy that's the bit that's on the international agreements no one's decided which country should be. you know currently having the unifil force now the u.n. is discussing the matter and trying to find out with the uni's for force needs to be configuring it if it is our conviction that for the time being we should better continue with this force us is we have voiced this concern to the u.n. security and i'm. to do and secretary general of the same country and while boys i would also to them by the face. vice president of south of there we believe there is no time now for king troops that are present in. we have started talking about i.b.a. may be up to now informally the state of the two countries the two communities as well and we believe that in due course they will be an agreement on what should be the next step in our view you live in an interesting maybe hood in fact one coul

might abbe interested in having better rules with the bir barricades that go in the street around a construction project. that's not something the airport is worried about during their construction projects. three, during legislation, we all in our departments keep a constant list of whether or not the administrative code is serving us in delivering projects and giving us the flexibility we need to evaluate safety, so we've come back to you twice in the last three years with particular changes to the administrative code. that's a separate list. the people on that is different than the people on the health and safety committee. four, we're always trying to figure out how to do a better job of using prequalification processes or minimum qualification processes for all of our contracts. it's really hard to set the line and say this is the level performance we want without setting it too high or too low. and one thing that hasn't come up yet is that we're making all of these rules, and they're -- the rules are the rules year in and year out, but there's lots of fluctuation in the market. so right no

ap biology class will last about -- a [ beep ] farm next to the campus -- abb farm. >> we teach about all of the bees that are out there and the roles they play in pollinating our native plants as well as our crops. >>> the university has been granted the title of bee u.s.a. cal state university channel island is the first in california. >>> coming up at 7:00 a.m. and checking in with sal in the early years -- the earlier. >>> it was minor but a call slowing and now it's about a 40 minute drive from the carquinez bridge to the macarthur maze. however, we've had other things to slow traffic down. it's getting slower and kind of typical. when you get to the bay bridge you add another 20 minutes or so before you make it across and onto the span. this is 880 beginning to slow as you drive into downtown oakland. 580 could still be a pretty decent alternate route for you. 580 slows and slows later in the morning and you have a window of opportunity. 880 beginning to slow from hayward to fremont and mostly from hayward to union city and we have slowing northbound 280 and 101 are slow here in

. >> reporter: supervisor peskin has already made up his mind after reviewing the abb report. he says he's troubled the consultants relied heavily on findings about windows on the side of the tower affected the least by tilting. >> we all want this to be a one-off event. we hope that it's not a function of the building's continued settlement and tilting. but we need a independent report. i am not taking a.b.b.'s word for it. our department of building inspection needs to insist that a second report be done. >> reporter: but strong says the city is not in the habit of seeking second opinions. >> typically, because engineers are licensed by the state, we do give them credibility. their license is on the line when they make recommendations. and i think the presumption has always been that yes, of course they're giving professional evaluation that is justworthy. >> reporter: jaxon van derbeken, nbc bay area news. >>> okay. do you have a problem with san francisco's dirty streets? now there's an app for that. we'll introduce you to the man behind snapcrap. >>> also it's opening nig

my property tax plan, which you can find by going to greg abb ott.com is very clear.t limits government's ability to raise your taxes. also, it gives you, the homeowner, the authority to fire your tax appraiser by adding an election process for tax appraisers. what is something that you would do to lower the property taxes? -- sheriff:t this: the governor says he does not want taxes raised by he keeps putting less and less money into education. 40% --s ago, it was over 45%. now it is almost down to 30 something. they arein this year seeking to cut 3 billion more. funny how they cannot raise taxes, but they pat themselves on the back and wink because a are pushing the burden down to the local community. they put left funds into education, the local communities have to pick up the slack. therefore they have to raise property taxes, homeowner taxes. it does not make sense to me that you keep pushing the burden down but you will not allow them to do anything. the state needs to pay its fair share. cities and counties raise your property taxes. they can raise it by 8% a ye

manufacturer abb will spend 150 million dollars to make a robotics factory in shanghai and capitalizesing consumer demand and its tech aspirations. production should begin by the end of 2020 the capacity of 120,000 robots or a quarter of their global demand. >> market number one in the world, and we are number one in the market. a couple hundred million dollars to really shape the next generation of arefacturers and we building a global super factory right here in china. >> and that's your bloomberg business flash. >> thanks very much. we are minutes away now from the open of trading. we will take a look at your stocks to watch at the open, including santander. nearly 30% of its net revenue comes from brazil. how will this new win effect the spanish bank? this is bloomberg. ♪ ♪ welcome back to "bloomberg markets." seven minutes away from the european open. let's get your stocks to watch around the world. charlie devereaux was looking at stocks exposed to brazil with stocks impacted by today's u.k. budget, and we are also focusing on italy. let's start with the brazil news which is fir

abb need progress at the european council next week in brussels, they wa nt council next week in brussels want the green light to be given than for a final brexit summit in november. and this whole thing to be signed off on and we get into the business of trying to get the withdrawal deal and the outline of the future partnership signed off compartment. that would be the end of this process of course. the key sticking point clearly still remains the question of the irish backstop, what to do in the long term. and thatis what to do in the long term. and that is what there is so much energy and argument has been so far, it happened, they're and argument has been so far, it happened, they‘ re about and argument has been so far, it happened, they're about a dozen cabinet members and the senior chief said this. we are conducting an extremely difficult investigation. the chief, this was not a cabinet discussion, an informal one to decide matters really. i think it was in update the ministers on what was in update the ministers on what was going on regarding the backstop question. we know what,

to coordinate strategy on achieving a nuclear free north korea after meeting prime minister shinzo abbémight compare is due to go to north korea for a second round of talks kim jong un that they see the live shot from tokyo where might compare is have a. in talks with the foreign minister of japan todd o'connor and as i mentioned before she in zoabi who is also in that room he then goes on to north korea for his meeting with kim jong un and you'll remember that kim and u.s. president donald trump agreed to denuclearize the korean peninsula at a summit in june there is no agreed plan of action so far donald trump's choice for supreme court judges narron who cleared a procedural vote in the senate a final vote on brett kavanaugh confirmation is expected later on saturday republicans say an f.b.i. investigation didn't find any evidence to support sexual misconduct allegations against him roslyn jordan has more from washington the motion is agreed to. the u.s. senate is now taking what should be the final step needed to approve brett kavanaugh for the u.s. supreme court thirty hours of deba

abb will spend 150 million dollars to build a robotics factory in shanghai aimed at capitalizing on risingmer demands. it should kickoff by the end of 2020 and should have about one quarter of their global demand. the shanghai facility will also have artificial intelligence and machine learning. >> we are number one in the world and in this market. and wea great success can invest it to really shape the next generation of manufacturing. we are building the global super factory. universal pictures has carved up the week in box offices with its hit movie "halloween," the return of michael myers, scaring away the competition for a second week to take its global takings to over 700 million. >> let's have a look at some of these movers on the china market. , the limit isk as people get concerned about what happens among chinese consumers. >> we are dealing with higher base effects but it was a miss according to some people and some are concerned about the regulatory concerns, whether it's more of a crackdown whether it comes to alcohol consumption. learn about the plan to take it private, inves

. >> adam and abb havewo little girls that are absolutely orable.ther rich had a kid as well. >> reporter: ntsb chief. >> this is absolutely the most deadly transportation crash or accident that we've seenn this country since 2009. >> reporter: 2009 was the year an air fliot crashed i a house near buffalo killing 50. according to records obtained from the federal motor carrier administration the little ma was owned by prestige limousine chaufferes serv they're not involved in crashes over the last two years but it was subject tole five veh inspections, four resulting in vehicles being placed out of rv e. these nos to from the company's website showing serve suv limos nvke the oneved in the crash. now ntsbinvestigators are examining the wreckage of he horrific crash. among the questions, was there a mechanical failure and questions about the driver? whether cted drivin he was intx indicated. whether the brakes failed, all that is on the table in. >> everything is on the table. biggest er: t question, how did a day of happiness turn into such a heart