abigail: everything.ughter] abigail: and you better be doing more of every single one of those every year or you will find yourself behind. every year, i tell everybody because it is what i hear from our customers -- give me more, and give it to me for less money. david: who manages your money? does fidelity manager money? does that person get nervous because you are the ceo? abigail: i think part of my role as the ceo is to also experience the -- the company has a customer. ofo have a couple representatives who work as a team, who call me several times a year and take me through the portfolio. we talk about what is going on with the different funds that i am invested in. of course i go through other avenues, but i want to hear from them, how they explain it. it also just me a chance to ask them questions. lists asu are on many being one of the wealthiest people in the united states. those that upset you when you see those lists that say you are one of the will be his people, and he you feel particularly

abigail: yes.your father decided to do that for some reason because he owned 100%, so why did the family decide to let employees own, roughly half the company? abigail: he always thought it was important to have partners. this is a pair a competitive business, where we are trying to attract and retain the best talent. the decisions that you have to grapple with are often complicated decisions. it is important to have partners. that is how you have partners, is make them shareholders with you. ford: fidelity is famous actively managed funds, meaning you have people picking stocks, so forth, in recent years, index funds have come a long. etf's and so forth, do you provide those, and are they competitive with you, or you don't care whether somebody wants to go etf fund or actively managed fund? abigail: we want to bring products and services to people that help them meet their investment objectives. any reasonable product is something we are interested in. we have a very robust line of index funds rig

abigail: but we had big movers here.k at is hardware,oration soaring on the day, a two-day chart showing the stock is up 44%. by 39%, salesings by 2%. the expectations have been low. demonstrated by the fact that the this should be a short squeeze. 57% bear short interest on this stock so that probably accounts for why that much, prettyo amazing short squeeze there demonstrated by that chart. moversook at a few other on the day. first up, we are looking at go pro, up 12%. are higher, that stock is higher on a preannouncement of sorts. are expecting revenue and gross margins to be at the high also saying they'll on a gas basis. dayey having its worst since january 2016, down four% after bob iger said 2017 earnings will be in line with 2016 with the stock down. it's clear investors wanted more affectingane irma is many segments of the market. airways down 3%, battered, not just from the fact canceling flights or flights could be canceled, but it's expected that we could have the issue of less travelers these winter season

abigail: i am abigail doolittle. scarlet: i am scarlet fu. joe: i am joe weisenthal.tterley is on assignment. if you're watching on twitter, you can watch our live coverage. atrlet: when you look equities, not a whole lot happening in terms of major indexes. although the nasdaq had its worst week in the month. joe: so much news between the , theics, weather earthquake, geopolitics. for the most part, not a lot of headline action for equities. scarlet: and in nice round number for the dow, 21,800. abigail: we do have big movers on the day starting out with equifax. down 13%, its worst day since 1999. there was a massive online security breach of the credit bureau. hackers may have gotten the information on as many as 143 million. and there is evidence executives sold shares the day after the hack. investors clearly not liking any of it. turning to big movers, read resources down 7%. emp downgraded to neutral. it is now down to 52% this year. freeport mcmoran having a rough day, down 6%. copper down 3% on the day. they say that is about profit taking. copper had been do

abigail plane to the

abigail: indeed.k the role of lobbyists for both the insurance industry and health care companies will be? there are a lot of different stakeholders and the health care system. when you're talking about something pushing 1/5 of gdp, there is a lot of money at stake and many different players from health care providers, doctors, hospitals, nursing homes, to insurers, to device manufacturers, to drug innovators and manufacturers. there are a lot of different people who are very much affected by how much money we're spending on health care and where it is going. it is not surprising they have strongly vested interests. that said, i think we need to think about getting the health peopleto cover the same -- cover more people with the same amount of money. the world would be easy if it was either free to ensure people and benefited their help, or if they did not do any good for people. that expanding subsidies for insurance improves people's health and comes with a price tag, and that makes for a much thorn

abigail doolittle, thank you very much.hat is abigail doolittle with our bloomberg update on the hour. hundreds of ceos and business leaders around the u.s. are urging president trump to keep the dreamers program for young people brought to the country illegally. jeff bezos and tim cut among signing atim cook letter, among others, saying that a dreamers are vital to our economy. in tome, i want to bring giles in san francisco. thanks for joining. let's broaden it out before we narrow win specifically on what silicon valley has to gain. why is the president taking the stack? is it just another case -- taking this tack? is it just another case of eventually he will do the right thing? tim: the president has flip-flopped on this issue. at the beginning of the campaign, there was criticism of it. when the anti-immigration rhetoric started to ramp up, this was the exception. he said we are going to treat them with heart. then, more recently, we heard this is still under review, being debated. doingeculation about them away with

abigail: absolutely.do you feel pressure to recruit other women, the a role model for other women? abigail: asset management in particular i think is a great career for women. the idea that you come in and you are responsible for covering a bunch of securities, making recommendations. it is your responsibility to do that work. you get to structure your time and ultimately build your own personal franchise, being good at that. that is a great opportunity for women, i believe. in our organization, have some very senior women in addition to myself and we have a real need in our business right now to recruit more women because when women customers come into our branches, very often the first thing they say when we are trying to get them paired up with a rep is, i would like to work with a woman. we do not have enough women who are customer facing reps to serve all the women customers who come in. becausehey say that they presume women are better money managers? they might be thinking that, but they might be t

lisa: thanks so much, abigail. grain, raising fees at a time that most money managers are trying to cut costs quickly as they can for investors. the $92 billion pimco income fund will increase fees five cents per $100 on october 2. the fund is managed by dan iversen and offered marotta, and is averaged 6.6% annually over the past five years come in , asss of 99% of its peers you can see from this chart, g #btv 5178. is johnus with more gilson from los angeles. as blue intelligence has shown time and time again, the funds that have gotten money are the ones that are cheapest. this seems to fly exactly in the face of all investing logic in 2017. how could this be happening? >> well, it is a real surprise, and basically, what pimco is betting is that people will go for their returns which come as you pointed out in your introduction, they are beating 99% of their peers. they are beating them by a lot. take vanguard bond fund, your earning half as much, and say, fively costs, basis points from which is how much they ar

abigail: the u.s.pected to issue a list of new cases it will be picking up in this session. julia: i will be looking at the bank of mexico announcing a rate decision at 2:00 p.m. tomorrow. abigail: can't believe it is earnings season again. jim chanosng note, will be joining "what'd you miss?" for a full hour tomorrow. do not miss this exclusive to sit down. you are watching bloomberg technology. what's get a check of your forced that first word news. speaking indianapolis the president insisted the wealthy would not be the only beneficiary. the tax code would be similar and more fair for everyday americans. this all comes as the tax rate goes from 35%. for individuals the tax bracket would be 12%. hasindividual that u.s. offered a first look at the prototype for the proposed order wall street crews working on two of the prototypes were filmed installing reinforced ours before his port. contractors have 30 days to finish. elaine duke admitted that there are challenges and distribution. she spoke after

it's what i do. >> abigail: okay. >> chad: okay. >> abigail: i'll test it out.otsteps approach] >> jennifer: hey, there! >> jj: that's what i like to see, my big sis on her feet. >> jennifer: yes. and ready to g home. >> abigail: hey. >> jennifer: oh, i'm so glad. >> chad: we're just waiting on the paperwork, and then we are [jennifer laughs] >> abigail: how's, uh... >> jj: she was, uh, she was shaken up. >> jennifer: yeah. being held at gunpoint will do that. >> jj: yeah, but she's okay. >> chad: yeah, i'm guessing raines got more than he bargained for when he tried to take her hostage. >> abigail: yeah, well, i'm just...glad she's not hurt. >> jj:el

abigail: it takes two sides to make a market, of course., i know that it's meant donald. take a look at the chart and stock is really holding on to the 50 day moving average. g #btv 9218. slid to the 50t day moving average, we saw a pretty big dip for mcdonald's. any talk about the fundamentals a little bit? got on themcdonald's radar yesterday, assessing potential growth acceleration. investors have been pretty complacent with the 4%,. we are looking at the other side here. we are looking at the neutral funds holders. we see hedge funds selling. hedging long like positions in playing on the downside. or 145he november 1 55 put spread. a potential letdown if it does break the moving average. abigail: gotcha. great stuff. hustling off of the subway. we know you're stuck there. a great trade on mcdonald's. thank you so much. that was mr. rosen from oppenheimer and company. julia: thank you so much, abigail. still ahead, former homeland security secretary jeh johnson. he will join david gura live from bloomberg's tech event. sooner than you th

his wife abigail was even more adamant on the subject. the next president who never owned a slave was john quincy adams. it ran in the family, dedication to public service, better than family. also brilliant, he was interested in everything, spoke many languages. he was in many ways he may have had the highest iq, the most versatile mind of anyone including the greats among the founders. as chance would have it he was a one term president and one term presidents don't get the attention the others do. >> host: let me ask about another president. you spoke on the fourth of july of immigration and naturalization cemetery at monticello which is held every fourth of july, thomas jefferson's home, thomas jefferson gave the decree that all men are created equal, he wrote the preamble to the declaration of independence but how do you square that with the fact that he was a slave owner and how did you address the issue? how did he address that issue? he was a slave owner who thought all men were created equal? >> i don't, i can't, i don't understa

here is abigail doolittle. abigail: we are looking at a beat for ism manufacturing. the survey called for 56.5 but the actual print for manufacturing came in at 58.8. anything above 50 tells us the economy is expanding, so this is a much better reading than the survey had called for. as for the second piece of economic data, university of michigan consumer sentiment index. it is a little bit of a mix. the survey had been calling for 97.5. the index calling in at 96.8 versus the prior reading of 97.6. the bigger piece of data is the ism manufacturing number does not seem to be having an influence on the major averages come even though it's well above the survey. the dow,l moves for s&p 500, and nasdaq. mixed rating with the nasdaq down slight the. no longer on pace for a record close. on the week, big gains. s&p 500 and nasdaq on pace for their best week since middle july. despite the uncertainty in the real world about geopolitical tensions, debt ceiling, potential government shutdown, we are mainly looking at stocks trading higher in a bullish manner. the dow right

julie: obviously, the abigail: alix: whaty, -- about the competitiveness in asia?and growth has been around year-over-year, 14%. in china it's over 40%. the numbers are staggering. the chinese of electrification plan that they just released will take them from 35 million tons of lng to well over 100 million tons in 15 years. we have seen a lot of opportunities in china. we have seen our first office open in beijing recently and we have delivered a dozen cargoes to various counterparties. the question is the arm spread, can you make enough money shipping it to asia? where is the spread now? alix: do you have that? it's a good living. i feel like a farmer sometimes. you needt is the level to put more money to work in the u.s.? i would love to hit a low three, that would be a good spread for us to facilitate the building next to the trains, which we are permitted for an shovel ready. alix: in terms of waiting for interest on the final investment decisions, where are you in that process? threeit's corpus christi past six, those of the trains that i'm willing and able t

and what adams had said in the letter to abigail was this. may none but honest and wise men ever rule under this roof. [applause] and i think it's very important, very important to understand and to think about he put honesty first ahead of wisdom, honesty.. [applause] >> in your pulitzer prize-winning book on john adams which was also made into an hbo series and won a lot of awards as well you went through a thousand letters between john adams and abigail adams. have you ever experienced anything like that between a husband and wife before? what was it that struck you sod unusual about those letters? >> the quality of the use of anguish languish in the quality of the use of the mind, how well read they both were. john adams advised his young son at the time about 10 years old when they went off with his father to europe to serve as a diplomat, he said you'll never be alone if you have a poet in your pocket. in other words carry a book and that was part of the attit relationship. they were incredible readers and abigail was right there in her

i do know abigail adams, passionately convinced, dedicated abolitionists. she and her husband, her husband was the only founding father who became a president who never owned a slave and largely because she was so adamant on the subject. the next president who never owned a slave was their son john quincy adams, if she ever did say anything, and her actions as they do speak louder than words. >> host: would you agree with jeanette she was a so-called liberal? >> guest: i don't think she was a liberal, i think she was a puritan. the puritans were adamantly for education, most of them against slavery. and adamantly for freedom of religion and for opportunity and they weren't a bunch of stiffnecked unemotional people as they are often portrayed. in many respects the puritan tradition this where a part of the bedrock superstructure of our country and our way of life. abigail adams was one of the bravest women of her time, as an ambassador in europe, her oldest son was also gone. she minded this home, my did the farm and one of the best writers of anybody. her l

. ♪ ♪ >> abigail: i'm sorry that we got interrupted. >> chad: it's okay. ♪ ♪ >> abigail: kinda just sprung♪ ♪ >> chad: well, i would, uh-- i mean, i understand. i think i would. i think i would understand more if it was because you were still recovering, or if i, uh... ♪ ♪ yeah. >> abigail: it's not that i don't want to make love to you, because-- >> chad: [laughs] that's good to know. >> abigail: i do. [laughs] >> chad: that's good to know. >> abigail: but i just--

abigail: it's the product.y the product looks great and average unit retail is up for the first time in two years. relative to handbags, the best that she has seen in years. to her point where my point, should be going shopping. vonnie: what about jimmy choo? abigail: this could really be the frosting on the cake. the deal has not closed yet, but they are a luxury brand and that's a little bit different. i think of michael cores as a luxury brand and jimmy choo is a true luxury brand. it should provide upside to the numbers. thatottom line is the fact a over at oppenheimer thinks the stock is on their own -- under owned. this of potential for $55 price target. vonnie: abigail doolittle, thank you for that member of the hour. shery: electric cars are gaining ground in china. they are discussing a plan to allow foreign automakers to set up a lyons the electric car businesses in the country as early as next year. that reverses the policies that have been in place since 1990's that required car companies to file a

. >> abigail: hey. >> chad: what, are you stealing my heart?k at you. >> abigail: hi. >> chad: what are you working on? >> abigail: i am writing down all the acceptances to our wedding and making a guest list. so check it out. no one's said no yet. and i still have to get the tally from sonny and paul, but the ple is gonna be pretty packed. >> chad: you have no idea what it's like to see you happy again. >> abigail: why wouldn't i be happy? i gave my son breakfast this morning, and i get to be your wife again. >> chad: oh, my goodness. >> kate: well, great. just great. i assume that neither one of you have seen the front page article on andre's so-called press conference, byline "jennifer horton." >> abigail: did you not

and abigail adams was one of the bravest women of her time. she looked after her family while her husband was away as an ambassador in europe. and her oldest son was also gone. she-minded the home. she-minded the farm. she kept them going in their absence. one of the best writers of that era than anybody. her letters are phenomenal. to me she is one of the truly most admiral women, not just women, americans of that extraordinary and formativeot time. >> host: bob calling in from easton, pennsylvania. good afternoon, bob. >> caller: good afternoon, mr. mccullough. pleasure to ask you a question. i enjoy your writing and enjoy your speaking very much. y can you describe a typical day when you're at home? i understand you live on a vineyard, your writings, what you do for the course of the day and just something i'm interested in. >> guest: thank you. i like to get up early. my favorite part of the day is the early morning. when i was working on my book about harry truman i read how he took a walk every day to get his machinery going. i usually t

when you were writing about abigail adams, we all know john adams's wife was just about the most liberal lady in america. but when she was in england and she went to see a fellow, a fellow --othello it brought out prejudice she didn't know was there, she talked about how black he was, the blackest man she had ever seen and she was really repulsed by the fact that he was touching the skin of the fair desdemona and she called a fellow --ohello that heretic more. >> host: what would you like david mccullough to respond to? >> caller: i would like him to respond to that. i don't know if it is really a question. >> host: thank you very much. david mccullough. >> guest: first of all, i am unaware of this incident you are talking about but i do know that abigail adams was an ardently, passionately, convinced and dedicated abolitionist. she and her husband, her husband was the only founding father who became a president who never owned a slave. it was largely because she was so adamant on the subject. the next president who never owned a slave was their son, john quincy adams. if she ever did sa

and abigail was right there. and her letters are phenomenal. >> she was not college-educated. >> so -- no, she never went to college, never went to school, was tutored at home, as it were. but she never stopped reading. and she was brilliant and she was brave and patriotic, and she put up with incredible difficulties; running the families, running the household, trying to stay afloat financially when he was off serving overseas. and those children were raised by her in a way that they would never forget. that dinner party you were asking me who would i have, i would definitely want abigail adams there. [applause] and i would definitely, i would definitely want katherine wright, the sister of the wright brothers. you can't understand what they did and how they did it if you don't understand the part played by katherine wright. and, oh, was she something. she kept at 'em and made them tow the line and behave themselves in a way that we all need. [laughter] >> now, you gave a speech at dartmouth, and there were two

abigail?earish or have a risk off tone in the u.s. 500 and thehe s&p dow finished and record closes, but now we are looking at solid declines. look at the nasdaq, which is down 1%. on pace for the worst day since september 8. the dow, if it does finish down -- if it finishes down, it will be the first down days since 10. let's look at a 2-d chart of apple, where you will see -- let's take a look at a two day chart of apple. i did speak to a representative moment ago, and he has a week outlook for the iphone 8 --a weak outlook for the iphone 8. the iphone 8 is coming in pretty weak, especially relative to china. he said for the second half of this year, consensus is around 125 million users. he thinks it will be closer to 100 million users. a pretty significant miss there. the makeup will come more for the iphone 10. we see apple taking a decline. let's take a look at more fed fallout on the commodity complex. we are looking at the dollar up fractionally higher on that somewhat hawkish tone fro

abigail, death cross. it has to be a tie.tting ready for its big iphone revealed tuesday. don't miss it. ♪ jonathan: from new york city, i'm jonathan ferro. this is "bloomberg real yields." ♪ jonathan: coming up, congress clears legislation to extend the u.s. debt limit. president trump would like to scrap it altogether. synchronized growth story does not seem as with the bond market. 2018 looks increasingly uncertain. the ecb is still exploring qe options. the white house is said to be considering six candidates for the fed chair. the big

abigail: great stuff. there is a ton of talk about it in the industry.c balchunas, thank you so much. vonnie: abigail, thank you for that. still ahead, we are talking washington and geopolitics. this is bloomberg. ♪ . ♪ vonnie: a hazy and almost summer day midtown manhattan. i'm new york and london, i am vonnie quinn. mark: i am mark barton and this is bloomberg markets. the first word news, emma chandra has more from new york. >> the u.k. has been rocked by another terrorist attack, a homemade bomb exploded on the london tube during rush hour and sky news is a probably failed to fully detonate. arenjured and police releasing information as a manhunt underway for the attacker, the fifth terror attack in the u.k. this year. president trump spoke at the white house about the london attack. president trump: terrible thing that just keeps going. we have to be very smart and a very tough. with perhaps we are not merely tough enough. that is an absolutely terrible thing and i will call the prime minister right now. >> a president earlier criticized british cou

and abigail was right there. brave and patriotic and put up with incredible difficulties running the family in the household trying to stay afloat financially. when he was off serving overseas. and those children were raised by her in a way that they would never forget that dinner party you are asking me what i have i would definitely want abigail adams there. and i would definitely catherine right the sister of the right brothers. you can understand what they did if you don't understand the part played by catherine right. and i wish you something. she kept adam and made him toe the line and behave himself in a way that we all need. >> you gave a speech at dartmouth. there were two people at that speech about who you had written . about the time he left new york in the east and went west. why did you find that so appealing and what was the most important lesson you took away from that book. unlike a at caterpillar turning into a butterfly. he was a child who is not expected to live he suffered terribly from the s

joining us is abigail doolittle. abigail: something is happening garden.ck is on pace for his worst since 2015. did post an surprising sales call the 1.9% versus the estimate of 2.7% kerry that dragged on overall comp. this is over a concern. the company has been trying to red lobster. now you have this surprise. investors are concerned. a bright spot, the longhorn steakhouse did well. that is one bright spot in the portfolio. vonnie: what about tatars scratch kitchen? abigail: that closed in 2014. there was another called suggest an integration of that could be tougher than what investors were looking for and a drain on the restaurant overall. something to keep an eye on. it could take a couple of quarters to work that through. vonnie: what about hurricanes? i imagine there are plenty of those restaurants in those areas? abigail: relative to hurricane harvey, 1%. relative to irma they expected double. hearoo big, but we will about the unfortunate impacts of hurricane harvey and are much through the rest of the year on the corporate outlook for some of the

abigail: that's exactly what happening here.ip going on between kohl's and amazon. sells is agreeing to amazon products at their stores. this is an effort to boost traffic. they will be 10 stores with 1000 square foot areas that sell echoes and fires. we are going to see the story here on this chart. ine-store sales doing well 2014 and then slumping in 2015. now coming back to even. maybe this will be a deal that can boost them back up to positive. scarlet: the same-store sales still negative. what does amazon get out of this deal long-term? for now, it gets a place for the echos and fires. is that the possibility amazon could over the long-term use the kohl's stores as pickup centers. #btv 1651. in pink, we have all the kohl's stores. there's thousands of kohl's stores all over the country. in yellow, we have the amazon distribution points. all those pink dots are the kohl's stores. ultimately am amazon would like to use those in stores as pickup points for their products. julia: cheaper than buying whole foods. sense, especial

how long with from the very title of the book calls what abigail adams said to her husband. a drawing on a range of sources including letters, speeches, newspaper accounts, photos, drawings. angela highlights the milestones in historic push for women's voting rights. her book provides portraits of a number of the leaders of the women's suffrage movement. in places the movement in the context of other major social and political developments that were unfolding. today, more women than men attend turn out to. but as anyone can defend is overcommitted of massive turnout of the mall last january. the reaffirming of women's rights and effectively protesting donald's election. as lots of experience herself. reporting and telling newsworthy stories.she is a veteran journalist and the washington star land at "the new york times". there she rose from copy editor to become the first african-american woman promoted to a senior editor position at times. she left the paper about two decades ago. in the intervening years has written for publications including a black issues book review.she

. >>> en la misma situaciÓn abigail pero ella utilizÓ plataformas digitales para comunicarse con su familialÉfono y sitios web de emergencia, facebook activÓ alertas para ver que usuarios estÁn bien. >>> esto fue algo que tambiÉn dio tranquilidad abigail. >>> por facebook que estaban a salvo. >>> ante la desesperaciÓn de no saber nada la gente utiliza esto como herramienta y tambiÉn van al consulado mexicano. asiste a gente. >>> primero que nada estamos, dando informaciÓn a los paisanos que estÁn aquÍ, que se comuniquen con un sistema de atenciÓn, a mexicanos. >>> les ayuda que marcar men recibiÓ. >>> no, no poder comunicarnos y tener ellos todos su telÉfono y ningÚn contestaba, marcaba a uno, a otro y pues, se perdÍa la entraba la llama da y se cortaba. >>> me da gusto que estÁn bien y que... no les pasÓ nada. >>> estamos en amplia cobertura con terremoto aquÍ en mÉxico donde sigue la lucha para salvar la vida a cientos de personas y sobre todo a 4 niÑos, de de colegio, les cuento ya el desenlace en un programa especial, tragedia y esperanza, estamos con mÉxico, con todo lo Último. ♪ ♪ la

abigail doolittle, thank you. president donald trump had dinner with the house and senate minority leaders at the white house last night, as we know. today, he tells the press he sees a dreamer deal happening within the next six months. the president also discussed the future for the u.s.-mexico border wall. president trump: very importantly, what we want -- we have to have a wall. if the wall is going to be constructed, when we need the funds at a little bit later date -- we will be determining how much we need -- we will not be doing anything. vonnie: president trump is setting out to look at hurricane relief efforts in florida. let's bring in kevin cirilli from capitol hill. that dinner last night certainly producing a lot to talk about today. at least his latest statement from senator mitch mcconnell suggesting that the white house does not have legislation, or at least has not presented actual legislation that it would be happy with, to the senate majority leader. class absolutely. just in the last hour, we h

abigail: great stuff, thank you for joining us. back to you. julie: thank you.ut of a financial nightmare. drew armstrong shares his personal story and it is a harrowing one of identity theft. this is bloomberg. ♪ mark: crumpton. president trump is reaching across the aisle as he tries to get congress to act on tax reform. the white house announced today the president will have dinner at the white house tonight with senate minority leader chuck schumer and house minority leader nancy pelosi. last night, the president met senators joeic manchin, heidi heitkamp, and joe donnelly. russia's effort to influence u.s. voters through facebook and other social media is a "red hot --us" from robert miller's robert moeller's investigation. zeroing in on how russia spread fake and damaging information through social media and is seeking additional evidence from companies like facebook and twitter about what happened on their networks. in other news, the un's secretary-general antonio violence ins myanmar against the minority is unacceptable and he is urging government autho

let's get you now to options insight with gallaudet -- abigail doolittle. abigail: indeed. chicago. great to have you with us. thank you for taking the time. it is amazing here. daysirst and the dow in 10 here it is this a speed bump from the fed or a realization on the part of investors that the fed is truly taking away the punch bowl finally? >> possibly. they threatened it at least. i think it is really a bit of a pullback after the announcement yesterday. we saw the market with higher and i think they're settling in that range after yesterday. you look at the options pricing, and the vix, the market will not come include anytime soon. >> though the dow is on pace for the decline earlier today, yet another all-time high. pretty astounding, all the record highs recently. high and is very bullish it is that a contrarian indicator or do you think there are more ahead? >> i think what you have seen in the last month, the august lows, we have basically been climbing a wall of worry. in the last month, we have seen boosted genetically now screaming uncle particularly down here

it's chad and abigail's too. >> abigail: okay.ell, it looks like we beat, um, sonny and paul. >> chad: uh-huh. i'm sure father louis can, uh, wait to discuss the sanctity of marriage until they get here. >> abigail: mm-hmm.

kicking things off as abigail doolittle.at it is is the deutsche bank index of high tax companies to low tax companies. going into the election last year ahead of knowing who would win the presidential election, this index started to climb higher suggesting investors thought tax reform of some kind was likely from either candidate and after president trump won, we saw a spike higher, the possibility he would put through thoseform, help out companies and thereafter we see investors are losing faith. back in april, around the earnings period for the first quarter and the same thing in smallpox, we see higher. after president trump did make a deal with the democrats to extend the debt ceiling we see the high tax companies are benefiting, perhaps investors thinking that bipartisan move could be positive for tax the form. -- tax reform. insightful. very simple as well. thank you. emma chandra, the floor is yours. emma: i spent the week on vacation and where i have been spending cheap pounds, more expensive euros. i wanted to talk

abigail joins us now with more.il: he earlier spoke to bloomberg surveillance and talked about how he's excited for the challenges he is facing. stocks down about 75% over that .ime we see that the stock tanking over the last two years so that is what he is up against -- the psychological pressures around a big stock decline and on top of that, they recently made an acquisition of activist and because of that they may have to sell the women's unit, plus the european oncology. lots of pieces that they are facing for sure. vonnie: lots of challenges, obviously. spoke -- or wrote to her ovary now and she said it's not clear who would buy them. the rumored parties this church and a white. the personal household company here in the u.s. here for aussie , son and cooper companies it is unclear whether they get that done are not by the end of the year. vonnie: we will follow the story and follow the stoxx and follow the money. abigail little, thank you for that. mark: a key vote in the exit process -- brexit process is in

it must've been a pretty big earnings miss, abigail. abigail: pretty much an earnings disaster.oomberg in little bit and see just how bad this was. here is the degree of the earnings missed, 29%. you can see all this red. we can also see it here which was the estimate that they missed. this has been a trend, they have been missing for a while. out, they have missed a number that has been coming down. this is pretty negative. behind this is the competition online. there also was a little bit of an impact from the hurricane. a pretty ugly quarter here. shery: so, you have increased competition, but what else is affecting the company? >> with their margins, they are trying to build outward. amazon going to be in yellow. a margin of about 2%. down here in aqua, we have restoration hardware. in white, at-bat and beyond -- ed bath and beyond -- only got in white, -- in white, bed, bath and beoyond. stanley, they see if falling within the 3% or 4% range. they are not exact we known for their great turnaround stories. >> not at all. it noted the initiatives are working, and they have a

she was holding abigail's dress on the way to the ceremony. ♪ >> it was a huge weekend for taylor.he dropped the second track off her upcoming album album, "reputation". >> is it romantic? ♪ ♪ are you ready for it >> so who is she talking about? she is not saying. >>> next up, katy perry and orlando bloom's rekindled romance. the couple went paddleboarding in santa barbara over the weekend, and katy wore a by key know, and orlando put on trunk this is time. remember them in hawaii in 2016? is it love? the ex-couple was spotted in l.a. last month at an ed sheeran concert. five months after they announced they were splitting up. >>> and now kevin hart's surprising baby plans. >> are you ready for diaper duty? >> no. >> i thought you would come around. >> i'm not done nothing. i told you, man. >> what are you going to -- >> i'm not done nothing. >> that doesn't work, kev. eniko is seven months pregnant and feeling fine, but kev plans to be a handsoff dad. he was there for the fundraiser, heartbe heartbeat, but was not ready to give up the baby boy's name. >> we ran down the list of th

david: we appreciate that, abigail, doolittle -- abigail doolittle.his is bloomberg. ♪ david: this is bloomberg markets: balance of power. let's get a check on the "first word news." mark: u.k. foreign secretary boris johnson says hurricane devastated british territories are in his words, in massive need of the 25 million pounds of a. johnson made the comments outside a damaged hospital. he says military personnel are helping with rebuilding efforts across the island. they head of the european union healthieris in a economic state than it has been in more than a decade and is ready to move on. the commission president said the eu is bouncing back after a tough 10 years. >> the wind is back. we now have a window of opportunity, but it will not stay open forever. let's make the most of this momentum and catch the wind in our sales. mark: he also said the european union is into its fifth year of economic recovery with unemployment at a nine year low. two top house democrats alledge michael flynn violated federal law by omitting a business trip to the mid

abigail, what are we seeing? abigail: we are seeing small gains. we have the dow, s&p 500, nasdaq, up. it is important to note after yesterday's pullback that the buyers are trying to prevent it from becoming a two day pullback. earlier, the nasdaq had been down 3/10 of 1%. the buyers stepping in. the same thing is true for the dow transports. they were down fractionally. now trading higher. let's break down what is happening for the dow transfers. we are looking at what we have been looking at before that small gains. for the dow transports, the decliners are still the decliners. the airlines being hurt by the threat of hurricane irma. -- united,inental continental, a bit lower. offsetting the weakness for the airlines, we are looking at gains for the railroad stocks. up about 3%, more than 3%, despite cutting the outlook ceo hunter harrison. worked through service snacks that were associated with his turning around the company. investors seem to like that share. helping union is epic and other railroads as well. we also have some of the car renta

abigail mendoza and her sister refina are zapotecan -- original people from mexico before the spanish is her restaurant, where abigail has been grinding corn by hand, making masa, and moles like this, the ridiculously faithful time-consuming, difficult traditional way, she was taught to make these things. and the way she's been making them since she was 6 years old. look at her hands by the way. small, surprisingly delicate given all the hard work, all the pushing, kneading, grinding, stone against stone over the years. then look at her forearms. the power there. it's impressive, and beautiful. >> alejandro: every time you enter a house in oaxaca, especially in small villages, they always offer you a shot of mescal. >> anthony: mm, so good. seguesa. a mole and chicken dish. this mole sauce, like a lot of the real old-school moles made by masters like abigail, uses 35 different kinds of chile peppers and takes more than two weeks to make. do you think that, until recently, until guys like you, that mexicans were not looking back at their own food culture, they were looking elsewhere? w

check out facebook, abigail's page on facebook or here. thank you so much. good luck. >> thank you. >>> when we come back, more on our breaking news. new hurricane warnings in south florida, as miami braces for a direct hit this weekend. ...has grown into an enterprise. that's why i switched to the spark cash card from capital one. now, i'm earning unlimited 2% cash back on every purchase i make. everything. which adds up to thousands of dollars back every year... ...and helps keep my passion growing... ...in every direction. what's in your wallet? for tech advice. dell small business advisor with one phone call, i get products that suit my needs and i get back to business. ♪ >>> our breaking news. new hurricane warnings in south florida tonight. that, as miami braces for a direct hit this weekend. want you to look at this. new satellite imagery. it shows irma barreling towards florida. this hurricane has killed at least ten people on its rampage and caused catastrophic damage. joining me on the phone is ronald jackson. he's the executive director of disaste

we have the pictures of taylor as a stunning bridesmaid holding abigail's dress on the way to the ceremony. ♪ >> it was a huge weekend for taylor. she dropped the second track off her upcoming album, "reputation". >> is it romantic? ♪ so i take my time. are you ready for it ♪ >> so who is she talking about? she is not saying. >>> next up, katy perry and orlando bloom's rekindled romance. the couple went paddleboarding in santa barbara over the weekend. katy wore a bikini and the buffed out or land do wore trunks this time. remember them in hawaii in 2016? is it love? katy and orlando maintain they're just friends. >>> and now kevin hart's surprising baby plans. >> are you ready for diaper duty? >> no. >> i thought you would come around. >> i'm not done nothing. i told you, man. >> what are you going to -- >> i'm not done nothing. >> that doesn't work, kev. eniko is seven months pregnant and feeling fine, but kev plans to be a hands-off dad. after the split. >>> then -- why jamie foxx walked off the set of his game show. >>> plus our property brothers exclusive. what drew is telling us abou

abigail: yesterday, the hospital was down a big way.oday, we have some of these managed health care companies down in a bigger way, including molina healthcare, is a managed-care company exposed to medicate the most, the bulk of the revenue is medicaid. let's take a look at the graphic on the national health spending, because we see behind private health insurance, medicaid is the biggest piece of the pie. the way this ties in to the new repeal and replace bill on the table and individuals will no longer have to have health insurance. the refunds they would get for having health insurance are proposed to be put into blocks and given to the state. states in turn might not choose to spend as much on medicaid, so in theory, this could really take a chunk out of molina's revenue, investors really not liking it at all. the bloomberg and look at g #btv 5045, you don't see this too much. molina healthcare having a slice of the 100 day moving average. it's rising, buyers are in control and they really like this company, but the fact it is slice

here's a bloomberg's abigail doolittle.il: bloomberg intelligence analyst was saying, investors are just a bit more cautious on the outlook. it is more of a psychological factor, knowing that it will eat until the bottom line, because we won't know about that until weeks after these storms, in terms of how these storms into capital losses. but we do know that sellers are in control. if we hop into the bloomberg and take a look at this chart here, it is a longer-term chart for travelers over the last year. in yellow is the 200 day moving average, and it is moving higher. but, the stock over the last years down, and really, on these storm related causes. over the last two weeks we have shares of travelers trading lower, not just on harvey, but slicing into that 200 day moving average on irma, telling us that sellers have really stampeded in. houston,eems that, in not many houses had flood insurance. so there was a big get between total economic losses and insured losses. e,florida, a lot more robert they are on the hook for t