and of course our thanks to shery ahn, as we continue to cover the market reaction.ing up, canadian saying finances have weakened over the last year as they cope with rising prices. more on that, next. this is bloomberg. ♪ jon: this is bloomberg markets. time for today's "for what it's worth." today's data point is 47%. that is the percentage of canadians who say their finances have worsened in the past year. by comparison, just 13% said their finances have improved. that is the latest canadian confidence paul. this is the high since the survey began back in 2008. let's get more perspective now from our reporter who covers the canadians. >> it illustrates two things. number one, there is no escape from the current cocktail of terrible economic circumstances. you have high inflation, high interest rates, and falling home prices. there is no escape from this. the second thing it illustrates is that economists have been warning the canadian economy is particularly interest rate sensitive. pain and household are carrying a lot of debt. they are among the most indebted ho

shery ahn, we thank you as always.ning us now is stephen parker, head of advisory solutions at jp morgan. let us pick up where sherry left off. how concerned should we be about china? is there a geopolitical risk premium? steven: what is interesting is it has been a chinese issue. we are not seeing contagion and other market, even around asia. that would be unthinkable to previous years when he sought news like this. when i talk to our emerging-market portfolio managers, they have had a cautious view on china for a wild, primarily because of that regulatory uncertainty as it relates to markets. they are not ready to move into the region yet because they are finding compelling opportunities in other asian markets. jon: let's build on that. what are the kinds of existent would build confidence for investors to give it a second look? stephen: the thing we are going to meet looking for is a shift in terms of policy that relates to both rated her corporate policy and policy earned stimulus and economic growth. in particular

president ahn is excused. commissioner stephen son. >> aye. >> bermeja. >> aye. >> commissioner wan. >> aye. >> next item please. >> good evening, commission on the environment acknowledges that we occupy the homeland of ramatoshii people of san francisco peninsula. we understand that they understand the inter connectedness from all things. we honor the people for their en during commitment to mother earth as the indigenous protecters of this land and in accordance with the traditions. they have never seeded, lost nor forgotten their responsibilities. as well for all people to reside in their traditional territory. we recognize that we benefit from living and working on their traditional homeland. as you know invited guest we affirm their soverne rights and pay respect to their relatives of the community. as environmentalist, we must embrace indigenous people and how we care about the people. thank you for this acknowledge. ment. we have a pretty packed agenda. we'll cece you later to the department, who we'll

i hope you get the chance to get out and enjoy that, shery ahn covering the election in brazil for usgo to tliv to get commentary and analysis from bloomberg's expert editors. haidi: these are the stocks we are watching as we go into the market open in sydney. my quarry -- macquarie feeding forecast, supporting their global markets business as well as commodities trading. speaking of, stocks are sinking faster and deeper out -- on slowing demand out of china. bank of japan is expected to keep his current monetary policy settings unchanged. later today, we will be asking the former finance minister official takatoshi ito where he thinks policy action might be warranted. daybreak asia is next. this is bloomberg. ♪ when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going a

shery ahn joining us from sÃo paulo.lk about how the market is reacting to what we are seeing now. let's go through what is turning out to be a volatile special. walk us through what markets are looking for. shery: what a dramatic comeback not only for president lula but also european assets. the real fell 2% against the u.s. dollar. it is rallying and seeing its best day in a month. the vespa had fallen 2% at the open but we are seeing the likes of real estate companies and est related stocks and others gaining ground. perhaps the initial reaction, a lot of negativity over the state owned companies. what happens to them, what does incoming president lula want to do with them? we have seen the privatization drive from president bolsonaro the past four years. we are watching what overseas investors are thinking about the markets. it seems the moves are driven by capital inflows from overseas. historically, they have been less averse to workers party administration. what is next depends on the economic team, who left a poi

shery: i'm shery ahn coming to you from sÃo paulo.the top stories this hour, president bolsonaro and his challenger as the numbers come in. haidi: asia starts to build on gains last week. the dollar edging up against most of its peers. south korea in morning after the halloween crowd crush that killed more than 150 people. the president promising a thorough investigation. shery: in brazil, we are watching the presidential election with 81% of votes tallied. we are seeing guatemala at 53 percent with a sharp edge when it comes to the vote count. bolsonaro 49.7%. the caveat is in the initial results, we are expecting bolsonaro to take more votes since they come from the southern states where he has greater support. we continue to watch. if we get a close election, the key question will be whether we could see more turmoil or if both candidates will accept results when we continue to see challenges for the economy, inflation rising. the silver lining in brazil seems to be the central bank primitively tightened so that might help the econ

. >> good evening from bloomberg world headquarters, i'm shery ahn. elon musk revises his bid for twitter at its original price, avoiding a costly legal battle and sending the social media giant shares surging. >> stocks had their best day since may of 2020. the dollar and treasury yields slumping. >> opec-plus considers a cut of 2 million barrels a day. u.s. futures under a little bit of pressure after the best to-day gain since april of 2020. we are talking about risk appetite returning to the markets. we have the s&p 500 95% of members in the index gaining ground for a second consecutive day. also the treasury yield continuing, really the bearish bets really being flushed out of the markets. even the two year yield falling below that level before rebounding a little bit. we also have crude prices rallying on that opec plus news. at the moment under a little bit of pressure and still above $85 a barrel. but really remember that despite the fact that we could see double the amount of cuts expected from opec-plus, many of the members were really not e

shery: from new york, i'm shery ahn. the race is on to replace liz truss as the u.k. prime minister with the conservative party aiming to choose a successor within one week. >> u.s. stocks and in the red as treasury yields rise on more hawkish fed remarks. >> the white house they be looking to expand plans for quantum computing and ai. we're keeping a close eye on what bloomberg has learned in terms of tech exports controls. we are seeing u.s. futures under pressure right now. we had seen selling and treasuries continue with 10 year yield above the 423 level. we are seeing them pricing and a 5% peak policy rate in 2023 and a hawkish fed record -- rhetoric. we also had oil rising but paring back some of those gains. we have a little bit of optimism that china was going to roll back some of its quarantine requirements for visitors. the broad market pessimism his weight on oil prices as well. 85 barrels per barrel. look at the 30 year yield on guilt. these are the key events over the past few years, but liz truss becoming the shortest serving prime minister of the u.k. w

you write, he revealed himself ton ahn unreliable narrator of his early moments.ents went unchecked, but for good reason. why would anyone think such details were untrue. where do you think that impulse comes from? >> it's a great question, but i think there's parts of he absorbed, before roy cohn, hi famous fixer was in his life. he absorb it i think from his father. he knew how to cut corners, knew how to handle things certain ways. trump takes everything to an extremely different level. why it is that he seems to have this need and get this charge out of saying something that isn't true, or other times convinces himself something is the case because it feels better, and other times it sounds better. it's all of the above. >> of course, we saw that play out in the oval office as well, as he struggled with the truth over and over again. now you have over 219 candidates. do you think even mr. trump understood he would have that impact on the party? >> i don't. i think he looks at everything in terms of what works for him in short ten-minute increments. the effect

i am shery ahn. the top stories this hour. u.s. stocks halt their two day rally with treasury yields surging to multiyear highs on rate hike concerns. paul: fed officials keeping up the hawkish rhetoric on the fight against inflation but james bullard sees an end to aggressive hikes next year. >> we are predicting that inflation will come down and it will be a disinflationary year in 2023. shery: the dollars growing strength ways on tesla's results but elon musk says a meaningful share buyback is likely. u.s. futures extending its deadlines. we have every sector of the s&p 500 in the red today except for energy. oil gaining and that is what markets were watching. above the $85 per barrel level, close to $86. we continue to watch nasdaq futures. tech under pressure. we have the 10 year yield continuing its rally with the treasury selling renewing with a two-year yield at the highest since 2007 and it's all about the hawkish fed really playing into the markets. and after hours trading, we are watching tesla. stock coming off session

and lee zeldin is now aheads ahn by one point in new york asfocu a result of focusing on thessind things. and i thin ik they've really noa done a good job of thinkingha about what the american peoplege want, rather than just focusing on trying to get their base out for elections would help fundund as an aoc town hall.oe look, she does impressions you dances. >> oh, man.ok. but nobody wants to listenimi and see. rallies arar e twenty five to 100 get in. >> one hundred to get out. i can' i can't listen to this idiotit anymore. it's really hard to watch. but the move she's really doingo is not the bot from side to side. her dance is the hustl dancee be she is hustled that entire district. no accomplishments distri to speak to other than killing amazon jobs. >> crime has spiked in response to her defense narrative where she wanted to kill off the police budget. now everybody' nw evy s killing each other. and that's what i'm so fascinated by , is thet i amby. th democratic indifference. the people who help them win elections are the people most adversely affected by whatne to they've done tth

shery ahn is covering with that, lula da silva taking his third term as president, a stunning comeback in terms of the ratchet we have this etf that does direct the resilient benchmark, and that has been up as much as 5%. we are also keeping an eye at what is happening in the we contract as well given that we had russia pulling out of a key deal that allowed ukrainian exports out of the black sea. that does put food security very much back in focused and displaying into what we are seeing in the cory hardrict this morning also some of the big movers including graincorp you can see at the bottom of your screen. shery: let's get to su keenan with the first word headlines. >> we start with a bridge that is collapsed in the western indian state giving at least 60 people at leaving several others injured. local news reports says hundreds of people were on the suspension bridge when it gave way with the money still missing. there is no immediate cause that has been given for the collapse, but the colonial era bridge just reopened after renovations. a bloomberg has learned that elon musk is p