haidi: adam haigh there. coming up next, staying on the u.s.ving up a gear as the two candidates are preparing for a face-off in the first debate. we will discuss the prospects with henry. this is bloomberg. ♪ shery: joe biden will debate president trump for the first time in just a few hours. the event is among the most consequential on the election calendar. john has one of his last and best chances to move the needle. tom perez spoke to bloomberg about the message biden is preparing to share. tom: joe biden will talk about his vision for america. how do we address these three crises, the pandemic, the economic collapse, the civil rights challenges, the failures of this president are in stark contrast to joe biden's vision. he is seeing the world through scranton, pennsylvania. people across america struggling to deal with the coronavirus. 200,000 deaths. this president has given up. health care, health care, will be a big discussion tonight. ballot, on the docket of the supreme court on november 10. so there will be a lot of discussion about

let's turn to adam haigh. arguing thissts could extended to september. move being decimated by the moves in u.s. equities? adam: you cannot underestimate how much move we've had in this time, the superlative on the weakness of the dollar and going back basically a decade to see that kind of a move, that is a abouten you think portfolio rebalances and the impact that has had on global portfolios viewed what you are -- portfolios. what you are saying is it strengthening u.s. equities and global equities. you might have increased volatility essentially coming from the fact that a lot of the rebalancing needs to occur when you see big, exaggerated over a short period from quarter to quarter. that's where the pressure could be, there could be the outperformance in equities and continued dollar weakness, meaning some people have to take out positions with risk to their portfolios. you could make the argument it puts further pressure on the greenback. the big risk events going into the end of the year continue to be lack of clarity on the fiscal situation in th