the aero trainer supports over 500 pounds, and inflates and deflates in seconds.t out at aerotrainer.com. that's a-e-r-o trainer.com. >> from the heart of where innovation, money, and power collide in silicon valley and beyond. this is "bloomberg technology" with emily chang. emily: not just a travel recovery but a travel revolution is happening and that

the aero trainer supports over 500 pounds, and inflates and deflates in seconds.iner.com. and practitioners which is good news for investors experts from barron's annual healthcare roundtable focus on driving healthcare innovation and we've got their stock picks. jack, this is an optimistic strike referred to as the century of biology's just begun, more is law a kind of acceleration, give us some of the good news. >> that phrase golden age, for 15 years every drug treatment i've spoken with isaac windows golden age to? a lot of them said it's right around the corner. i feel like finally we are starting to seek some result. five years ago i visited regeneron, they talked about their platform graphic development of antibodies. during the pandemic we saw that for covid and we also saw mrna technology produce a very quick vaccine recovered some panelists now talk about technology mrna being used perhaps to treat cancer using the body's own immune system. one used the term holy grail to describe a vaccine that can prevent a bundle of respiratory illness, not just covid

the aero trainer supports over 500 pounds, and inflates and deflates in seconds.out at aerotrainer.com. that's a-e-r-o trainer.com. francine: in francine lacqua, and welcome to "bloomberg's front row." today i'm talking to noel quinn. the chief executive leading hsbc through its most radical overhaul in years. the expectations are high. noel's predecessor was ousted by a dissatisfied board. this 35 year banking veteran has to show he has the right choice to run the largest bank in europe. >> let's be honest, if you want to be an international bank

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the aero trainer supports over 500 pounds, and inflates and deflates in seconds.at aerotrainer.com. that's a-e-r-o trainer.com. >> this is bloomberg markets european close. alix: here's everything you need to know. as his voice that inflation could rise faster than expected. 100 index shaking things up. quarterly index review after the bell. morrison and. opec is ready. opec needs to discuss hikes. that's your headlines in europe. let's get over to london.

the aero trainer supports over 500 pounds, and inflates and deflates in seconds.t at aerotrainer.com. that's a-e-r-o trainer.com. >> a lot of things are changing right now that are leading to higher yields. >> it hasn't been a breakdown in diversification. >> the fed has said it is going to let inflation run, but inflation is running at a pretty serious clip. >> if we were to have a real debt crisis and default crisis, the fed has options. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. jonathan: what a morning. from new york city, for our audience worldwide, good morning. this is "bloomberg surveillance, " live on tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. you equity market lower, down by 0.9%. yields breaking out in the last week. tom: it's deteriorating in the last hour as well. the dynamic of the last 60

the aero trainer supports over 500 pounds, and inflates and deflates in seconds.at aerotrainer.com. that's a-e-r-o trainer.com. >> good morning. welcome to "bloomberg markets: european open." i am anna edwards in london. mark cudmore joins us from singapore to take us through all the market action this hour. cash trade is less than an hour away. here are top headlines. the big split. beijing wants to break up and groups alipay -- ant group's alipay. shares sink.

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. it out at aerotrainer.com. that's a-e-r-o trainer.com. yvonne: all right. just approaching the lunch break in tokyo. equity markets gaining -- or i should say losing following this global selloff. 2.5% lower for the nikkei. it seems like when it comes to who is going to win, i think most investors are pretty optimistic about the politics side when it comes to japan. regardless of who wins. rishaad: equity markets going on an absolute tear for the next few days. we will have a look at the race and two of the potential winners, maybe. a two horse race. let's bring in our correspondent. >> we have four main candidates who will be vying for leadership today. the four will have a single vote among the million plus rank-and-file of the ldp across the country, plus the lawmakers will vote early this afternoon. if there is no clear majority, the top two finishers will have a runoff and it will be a different kind of vote. the rank-and-file will not vote. you will have the 300-plus lawmakers v

the aero trainer supports over 500 pounds, and inflates and deflates in seconds.heck it out at aerotrainer.com. that's a-e-r-o trainer.com. jonathan: seconds away from economic data. good morning to you. i'm jonathan ferro. your equity market update, it's a bounce back from a four day losing streak. we keep bringing it up. it is one single percentage point. a little bit of economic data, let's cross over to michael mckee. michael: mixed news on the producer price index. ppi for final demand comes in 0.1 percent higher than forecast. there is again for a month over month basis. that puts us at up from 7.8%. it will raise some eyebrows. the good news, it comes in at 0.6% higher. that is what was forecast. it was down in july. year-over-year, it goes up to 0.7%. we are looking at producer price inflation. it is real, we've got to remember it does not translate directly into consumer cost. a lot of this is being absorbed by companies even though we see higher consumer prices in many areas. jonathan: yields are up by a couple of basis response. equity futures are still

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. it out at aerotrainer.com. that's a-e-r-o trainer.com. emily: welcome back to "bloomberg technology." i'm emily chang in san francisco. let's get back to the markets with ed ludlow checking a big ipo. ed: by the time the market closed, it jumped 32% from its offer price. the company was founded in india, later moved to silicon valley. it has become the biggest indian software company to list in the u.s. in terms of what they do, there is an easy side-by-side comparison. software is a service. they are gunning for the market. their sales dominates so well. the ceo was speaking about salesforce, saying they have an amazing leader and great respect for salesforce. basically saying they want to emulate the success salesforce has had. but if we dig into the financials of the company, freshworks, they have a long way to go. but it did jump 40% in 2020. they are a growing company, in terms of fundamentals. the company to watch. 52,000 customers. they are not yet profitable, but the net loss

the aero trainer supports over 500 pounds, and inflates and deflates in seconds.erotrainer.com. - [announcer] imagine having fuller, thicker, that's a-e-r-o trainer.com. more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands free. call right now. (upbeat music) jonathan: what a messy start to the week. 30 minutes to go. equities futures down 75 on the s&p. the countdown to the open starts right now. >> everything you need to get set for the start of u.s. trading, this is bloomberg: the open with jonathan ferro. jonathan: from new york, we begin with the big issue. a big week starting with big losses. >> a series of catalysts right now. >> the question is catalysts. >> the perfect storm. >> debt ceiling, this massive stimulus.

the aero trainer supports over 500 pounds, and inflates and deflates in seconds.out at aerotrainer.com. that's a-e-r-o trainer.com. guy: live from london, i am guy johnson. this is bloomberg markets. i hear the sun is shining there now. what a week it has been in terms of the weather. the pictures this week are stunning coming out of the east coast. that is going to have a long lasting effect. it's going to take a while to move. kaley: this was catastrophic. what we see in new york is different in louisiana when the storm made landfall. people have died from the storm. a lot of the outer boroughs have a lot of areas. it's not very easy to get to and from new jersey. that is people trying to travel for leisure and work that is not people trying to transport goods. that could have some major implications for the market. guy: we are looking at some pictures of those trucks being stuck. the water looks deep. these are pictures from yesterday. craig fuller is the coo. he joins us to give us an update on what's happening with the market. the hurricane is weighing anothe

the aero trainer supports over 500 pounds, and inflates and deflates in seconds.out at aerotrainer.com. that's a-e-r-o trainer.com. >> good morning. it is 6:30 a.m. in the city of london. a moment of truth for china ever grand. a dollar bond coupon comes due today. shares surge along with other chinese developers as sentiment turns positive. the fed chair says they could start scaling back asset purchases in november. global stocks rally. the bank of england's policy puzzle. we look at decisions from the be away -- the boe. the fed hands it off to other central banks around the world, notably the boe, with a decision out at midday local time. at least modest optimism continues in the asian session the pb eoc coming in with a $17 billion net increase. the central bank tries to ease the concerns around the property developers and stocks rally in. the context is in terms of a significant drop for shares. in terms of what else is happening, futures in the u.s. are in the green. closing up about 1% on wall street. futures in the u.s. pointed up by about 0.3%. goldman s

the aero trainer supports over 500 pounds, and inflates and deflates in seconds.ck it out at aerotrainer.com. that's a-e-r-o trainer.com. yvonne: beijing has moved to curb medical expenses in the lidded string of sectors of the economy to be placed under revelatory scrutiny. they will also tighten on e-commerce giants like alibaba if they fail to deal with ip violations. david: a very fluid story. what is the latest on health care? stephen: regulators are concerned about rising costs and also skyrocketing prices of medical services, so they put out a note issuing a plan to deepen pricing reform and that they want to curb it overly fast growth in medicine expenses. this goes to the heart of one of the biggest challenges in china, the aging society. they don't have the rice ball anymore, the big pension safety net. medical costs are increasing as people get older. there is rising diabetes and rising costs across the board, so they are trying to level the playing field. yvonne: and e-commerce has been an issue they have flagged in the past when it comes to fake goods

the aero trainer supports over 500 pounds, and inflates and deflates in seconds.t out at aerotrainer.com. that's a-e-r-o trainer.com. jonathan: let's get september started. good morning, good morning. 30 minutes to go. "the countdown to the open" starts right now. >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro. ♪ jonathan: we begin with the big issue. goodbye summer, hello september. >> september tends to be one of those months. >> we get bad outcomes. >> september. >> september will be a white noble event. >> we are. >> other currents will take over. >> a bunch of things going on. >> the next payrolls report. >> announcing, potentially, tapering. >>

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. aerotrainer.com. that's a-e-r-o trainer.com. >> from the world of politics to the world of business, this is "balance of power" with david westin. ♪ guy: from bloom --david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." we will start with a check on the markets. joining us is abigail doolittle. thanks for being here. when i saw the cpi numbers come out i thought stocks will go up. i'm not sure it worked out that way. abigail: it did not at all. we have the second day of a bearish reversal. stocks did open solidly higher. now we are looking at the s&p 500 down a little bit, the dow is down half a percent. the nasdaq is fluctuating. the biggest move is in bonds. while there was a month over month biz on an absolute basis the year-over-year print is very high. that is a multi-decade high. it is a small win for the transitory team.

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. aerotrainer.com. that's a-e-r-o trainer.com. >> companies are navigating these once in 500 year events extraordinarily well. >> the consumer is very healthy. we are unburdened by debt. we have the demand. >> there isn't any pent-up demand. it's not an economy new into sustained growth. nothing structural has changed. >> one central bank is tightening further, you should expect currency appreciation. >> this is bloomberg surveillance. jonathan: it is a payroll friday. good morning matt, good morning. this is bluebird surveillance live on tv and radio. i am jonathan ferro. your equity market record highs, futures up 8. payrolls report is 90 minutes away.

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. aerotrainer.com. that's a-e-r-o trainer.com. >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >> the following is a paid presentation furnished by rare collectibles tv llc. breaking news. an exclusive new hoard of american liberty high relief gold coins was discovered at the west point mint and now is your opportunity to add these up your gold coins to your collection. in

bro and all in the lockheed martin, boeing dine corp international computer sciences corporation and aero vironment. all told eric about 70 companies are interested in this $1000000000.00 contract. as we look out 35710 years, this market remains very much a gross market. in the i in awe in the disease, a permanent or the destroy, the middle east. islam luck fundamentalism. to empower all of those who profit permanent or politically economically, and militarily make no mistake. a nuclear under run is not a challenge that can be contained, would threaten be elimination of israel, the security of golf nations, and the stability of the global economy. it rest triggering a nuclear arms race in the region and the unraveling of the nonproliferation treaty . and how close is iran to getting? well, let me show you brought a diagram for you. here's a diagram. this is a bomb. oh, this is a fuse. where should a red line be drawn? a red line should be drawn right here. the threats from the wrong is a political football. what was interesting was that many israelis, including people from the military sa

aero is a champion doberman pinscher who went missing last saturday. days to find them. they had no luck until officers managed to track down a woman who found arrow and took it home. >> this is incredible. oh my god, thank you. what a beautiful man you are. >> nothing but tears of pure joy. went out watsonville police officer reunited gary with his best friend. i love that picture. >> money shot. a >> so beautiful. >> arrow says i need a big ♪ ♪ ♪ captioning sponsored by cbs >> brennan: breaking news: deadly mass shooting at a grocery store in western tennessee. the unfolding situation tonight, as police describe the scene as "horrific." at least a dozen people seriously injured at a supermarket outside of memphis. what we are learning about the victims, the shooter, and where employees were hiding. >> i'm still worried about my co-worker that got shot and hit. i'm still worried about him. >> brennan: pfizer booster shots. the final step before the c.d.c. gives the go-ahead for tens of millions of americans to get a third dose. growing humanitarian cr

the aero trainer supports over 500 pounds, and inflates and deflates in seconds.. that's a-e-r-o trainer.com. ♪. neil: all right. there is another space launch out of cape canaveral tonight but before you say, yeah, what else is new. this one is different. everyone on board is a citizen, a civilian, not an astronaut, not one astronaut on board. phil keating with more on that. reporter: hey, neil. the only thing out there on the horizon that could potentially scrub this historic mission tonight is the weather but so far it is looking pretty good out there on launchpad 39-a which the apollo spacecraft launched. no technical issues popped up. blastoff is scheduled for 8.02 p.m. eastern tonight. this three-day space mission will be biggest jump in space tourism ever. no astronauts. the crew jared ice sigman, a pilot to paid for the trip, haley as send know and general proctor, 2009 nasa astronaut finalist. chris sembroski works in the aerospace industry. the four citizen astronauts have been training with spacex for five long months. each is taking this very sorry ser

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government of rape, murder and torture, and german police detained a 96 year old woman accused of nazi aero war crimes after she failed to appear in court in god. virgina is the charged with complicity in the murder of $11000.00 people. at the stood of concentration camp. she went to the type of there when she was 18 years old. and those are your headlines. earth rises next, discarded clothes from rich nations, or funding to charities and sold to impoverished nations. on an unprecedented scale, a massive industry sift through the unwanted garments to resell to some of the was poorest inhabitants. but much of what derives is unfit for purpose and is fueling environment catastrophe. people in power travelers to gonna to uncover the dirty secrets behind the world. fashion addiction that white man's clothes on a jazz ah, in on his own, she just came up with some more soothing visa fans of us. so my fault was all his little beneatha a office that he thought is being viva. my sense of the beauty of this that give tional muslim family. i'm in phase little sticker that you were plentiful then it wi

no justin should go quite well as our prime minister here in canada. aero tool was somewhat an unknown entity. the conservative leader coming into the snap election, he is certainly making a name for himself here in canada and no one certainly in the federal liberal, internal polling i thought or had predicted, perhaps that error no tool would be equal in the early pulling numbers. going into this debate, it makes it extraordinarily pivotal for just didn't, you know, to make his statement specifically on adrian. the point that i think most canadians were asking when the election was called here in canada election days are not fixed . on august the 15th, the prime minister just in judo, went to the governor general. and for her to dissolve parliament, triggering this election 36 days, the shortest window campaign possible. and that led many canadian stopped the question, do we really need an election in a global panda? the answer from justin shadow has consistently been it's a matter of competence finding out if canadians want him to continue to lead. and in his mind, obviously hoping f

the aero trainer supports over 500 pounds, and inflates and deflates in seconds.ut at aerotrainer.com. that's a-e-r-o trainer.com. : hello, and welcome to "daybreak asia." haidi: taking a look at major markets in asia, our top stories this hour, the cautious move for a big investors after a jump in treasury lee yields and oil prices went on equities. and the supply change, taking steps to ease the shortage. plus, and embarrassing stock trading revelation with the fed's hawkish voices. anchor: coming online, let's go to sophie with what is to watch. sophie: with the election happening on wednesday, we are seeing a downside with both the nikkei and the topix, with the nikkei saying there is momentum, and we could see the topix over 2000 by the end of the year. 111, with a low, gaining some ground this morning, turning to south korea, we are watching independent stocks, and we are seeing the kospi up by 1/10 of 1%, and another under pressure why the -- while the korean won is -- banks boosted the asx along with travel stocks. we are seeing some pressure this morning

do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds.s tested to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. >> there are headwinds we need to be wary about. >> fundamentals are not as supportive. >> the consumer is healthy. >> confidence coming down is something to watch. confidence is important. >> this is "bloomberg surveillance." tom: g

do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds.iner is tested to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. >> my hope is that as it -- that as bottlenecks in supply work out, that the pressures will leave. from my perspective, i think it may take more time. inflation may remain a lot higher. alix: federal reserve board governor talking about inflation and we saw it in terms of price pressure. what is the real read behind inflation? we go to the inflation man. they are basically a consultant that deals with these read my will, we heard from the fed. we also heard from companies talking that they are able to pass on some of the cost to customers. they see higher inflation. what the market needs to understand is at what point does this start to hurt companies. >> one of the reasons we never paid a attention to ppi was the ability for manufacturers to pass on the cross -- the cost increases was not very good. we are seen for the first time in a very long time hi

do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds.rainer is tested to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. jonathan: from new york city this morning, good morning. this is "bloomberg surveillance ." equity futures, positive about six points. some muted gains this morning on the s&p. marcus at jp morgan talking about buying into the cyclical's, the rotation is coming back, reinforcing his view that he thinks yields bottom last month. the lowest intraday of last month in early august. going into cpi, attends our 133.60. yields are up. what happens when the fed will spec? look at what this -- what happens when the fed pulls back? germany and italy, just below 100 basis points. we are doing okay even though the ecb has talked about reducing bond buying. the spread between germany and italy, still pretty narrow. just a break of 100 basis points. let's finish on this, the commodity markets. triple digit crude. i don't want to let this one rest. we had francis fr

do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds. is tested to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. poll hello and welcome to "daybreak: asia to: sophie: -- shery: i am shery ahn. our top stories this hour. asian stocks that to start october on the back foot after wall street kept its biggest monthly cell up since march 2020 with further losses. china orders

do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds.s tested to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. guy: we are wrapping up the equity session in europe. wrapping up the equity week. neither of them are positive. take a look at the map. spain one of the few outliers in terms of main markets. it is trading higher. elsewhere the news is fairly bleak. the ftse is down 1.2%. miners are taking a huge chunk out of the ftse but the cac is off, the dax is down. it feels like it has gained more momentum today in terms of downside. once we get through witching stateside we start to see more track should -- more traction on wall street? another down week. not a big drop but it is a drop. we are getting to the bottom of the 400 60's. we were trading at 455, then we got up into the 70's. we reverse that. not far away from record highs. we are giving background. growth fears are manifesting themselves. you can see that in different areas. iron ore down. that is the contr

aero has been missing for three days. >> oh my god! oh my god! how did you do that? kumasi: aww. nothing but tears of joy when police reunited them. gary had reported his companion missing saturday and they found the champion doberman pinscher after identifying a woman who found him and took him home. reggie: meet the small robot that will follow you around like a dog and carry your stuff. it can carry 20 pounds of cargo for more than 20 miles. the robot uses cameras and sensors to follow you around. it will be available in the u.s. october 15. not exec lee cheap, $1800. it is just a wagon? kumasi: yeah they got different sizes. you can get one in red. mike: how does it work in sand because i am using that for a cooler for the beach. [laughter] mike: you know someone will try to ride that thing. kumasi: the red one is significantly bigger so maybe. mike: telling you. someone will get hurt and then we will lose it. [laughter] happy friday eve. definitely onshore breeze. offshore breeze developing that will spike heat today with partly cloudy conditions. it will feel like fall this

do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds.iner is tested to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. jonathan: good morning. cpi tomorrow. retail sales later. next week a federal reserve decision. a bounce in the market this monday morning. five days of losses on the s&p. turning into a morning of gains. up 26 on the s&p. yields in one basis point on the 10 year to 1.3259. what they call from bank of america. $7.50 on wti. they are looking for triple digit crude. they think if we get a cold winter you could be seen triple digit crude six months sooner. tom: that folds into the german elections in the relationship with russia as well. liz ann sonders of charles schwab joins us. we have been talking. we set get is a stones fan so they got us liz ann sonders. you saw them with 100,000 or so people. what was it like to see the stones in mr. watts prime? liz: it was 1981 jfk stadium and i was 17. it was epic. we managed to work our way up to the top rose. t

the aero bars are larger, but we really focus into geographies where we think the right combination exists. these are places where we have the capabilities, assets, and customers to start these businesses up. california is a great example, where our headquarters are. california has carbon pricing policies that exist to incentivize investment. we are building a carbon negative powerplant in california, working on hydrogen out to retail in the transport sector, renewable natural gas, sustainable aviation fuel business is where california, where it begins. we believe those learnings will help us extend into other markets, other geographies, and policy will evolve. alix: how price-sensitive is it? if oil goes from 75 to 40, do you rethink that plan? mike: we are a long-term allocator of capital. with covid, we saw negative oil prices and real questions, be bold capital spending down in that kind of environment. by and large, we take a long-term view on these things. commodity cycles are part of our business. our plans need to be robust through a range of prices for traditional and these new en

do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds.ed to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. kennedy: gavin newsom is failed as governor of california, the end. luck with the state has a fun mechanism to toss this career is the recall. newsom could get the ballot boot in less than two weeks even though a drive against him as a grudge campaign. hardly, he sucked, his policies suck to covid lockdown sucked all he does is suck oysters with lobbyists and billionaires at the french laundry. voters are just about ready to tell him to sockets. we have gone over his laundry list of failures many, many times here, remote learning for not for his kids, homelessness out of control yet he sold his home during the pandemic for $5.9 million high covered death rates for the one group of voters who soured on him latinos. screeners like gavin and he coughed a pop tart that rises to the corrupt democrat system inconveniently so bobble heads like newsom, latinos think for th

do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds.o support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. ♪ >> typically the fed hiking cycle does end up killing devalue trade as well. >> as long as the public consistently believes in the market and consistently money in it, i think it will continue to move higher. >> the fed is usually comfortable hiking rates only if the economy is doing well. >> i think 100 days from now, we are in a better position. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. jonathan: what a week. from new york city, for our audience worldwide, good morning. this is "bloomberg surveillance, " live on tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. your market advancing 0.5%. we are taking a couple of things very well, the federal reserve and the story out of china. tom:

do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds.ted to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. announcer: the following is a paid presentation brought to you by rare collectibles tv. ♪ >> our country was founded on life, liberty, and the pursuit of happiness. representing this idealism is the american eagle. the bald eagle was chosen in 1782 to represent the united states because of its long life, majestic looks, and great

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do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds.rainer is tested to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. >> this is daybreak asia. i'm vonnie quinn with the first word headlines. u.s. democrats are set to propose a 26.5% corporate tax rate as part of president biden three point $5 trillion economic plan. bloomberg has been told they will propose a capital gains tax rate of 25%. key democratic senators are casting doubt on the timeline for pushing the agenda through congress. joe manchin says he is concerned about inflation and higher corporate taxes. sri lanka has yet to name a new central bank governor after its governor announced it would step down on tuesday. his departure comes as sri lanka faces dwindling reserves and revenues, looming debt repayments, and struggles with extended lockdowns. they are forex reserves drop to $4.8 billion in july after use some to repay $1 billion of debt. eastern china is bracing for the arrival of typhoon -- of a tyso

do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds.er is tested to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. ♪ vonnie: this is daybreak asia. opec and its allies have agreed to stick to their existing plan as gradual monthly oil production increases. ministers ratified the supply hike schedule for october after a brief video conference. opec-plus is in the process of rolling back unprecedented output cuts implement it during the death -- depths of the pandemic. 45% have been revived. president biden has met his ukrainian counterpart at the white house, telling him that the u.s. will counter russian hostility towards ukraine. biden says the u.s. remains committed to ukrainian sovereignty and territorial integrity. he said he would press biden on ukraine's aspirations to join nato. a new survey has found vaccine mandates are set to become more common in the work ways. will it harass wasson found employers are planning are considering requirements for a covert shot

do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds.and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. all right, shortages real, president meeting today solve it but it's delaying a lot of cars and already auto industry said collectively, $200 billion in combined revenue over the next year so obviously it is a worry that tends to get worse. the automotive sector analyst on all of this, you waited a long time and i guess i could continue. >> that's going to be a problem, thank you for having me back. the shortage interesting. we originally projected 110 billion now 210 and losses conduct about 7 million retail sales, that's a lot. the impact will impact not just already auto manufacturers and suppliers but also employees and unions. they are not very happy about this because this was not what anyone expected it was a global basis. u.s. manufacturers it's literally everyone. neil: how has it been fight means you don't get a car? i guess i didn't appreciate how important it was. >> effects everything. you are only a key to

do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds.-r-o trainer.com. ♪. stuart: all right, we still have a market down. nasdaq is down 89, just over 15,000. the s&p dropping 30 points at this stage. that is pretty broad-based selloff on wall street. let me sell you big tech items if i may please. they're all down. this is where the money is on wall street. every single one of them is down. apple is down nearly 1%. i have got google down over 1%. we've got microsoft down 1% as well. have you got something to add on this, lauren? lauren: no, it is interesting, because this selloff is coming when we got a really bullish call today from wells fargo. they see the s&p 500 at 4825 at the end of the year. that is as bullish as they get. then you have a lot of people you know, because we've given you so many calls about the month of september, right, september, october, things typically go south. for the most part the big banks have been pretty negative. they're saying, oh, it feels like something is about to happen because things are looking t