let's start with shuai, we had , we hadwith chile that cancellation of aipac.is what was said in part. >> fundamentally, these are all people who feel that the system is not working for them, and it is the establishment in office and the elites they are connected to. david: this was triggered by a proposed increase in fares on mass transit down there, and i have also read it is more the middle class that are behind it rather than the thoroughly downtrodden. right.hat is absolutely thanks for having me back, david. it seems to be a season of discontent across much of south america anyway. what started the chilean highernd protests was a fare on public transport, which has now ballooned into a protest against the economy. the president has had difficulties trying to on that and has canceled a pack summit and the apec scheduled meetings in december. i think the point you have made is absolutely right. this is essentially a middle-class protest. saying ita lot about is about inequality and things like that, that is not the point. the point is missed expectations. i

mini-deal being signed at aipac? tom: this was at a cabinet meeting in the white house. president trump said i want to see them buying more. his comments dovetailed to some extent with what we heard from china's vice premier, liu he, over the weekend, who leads the negotiations on the chinese side. he said that, yes, there was progress being made towards this deal. both sides looking for this apec summit in november, potentially xi toump and sign off on this agreement. part of this agreement, phase one includes agricultural -- that also pledges from china around things like intellectual property, and some currency pledges as well. wilbur ross, the commerce secretary, said the real meat of the full agreement will be in and three in an interview with foxbusiness. it seems the two sides are aligned and how much progress is being made leading up to this summit in november. part of the agreement in terms of the phase one deal was for the u.s. to hold off on the october 15 tariffs, which they did, but they have penciled th

haidi: and of course, the host of the aipac a gathering which president trump is expecting the trade deal to be signed with china next month. john, a pleasure to have you on with us. john authers there. our exclusive with one of the world's largest etf providers. he explains why he is looking to expand in china, also why investors are being too conservative. kathleen: we will discuss the elections in canada with eurasia group managing director robert johnston. this is bloomberg. ♪ haidi: i'm haidi stroud-watts in sydney. kathleen: i'm kathleen -- kathleen hays in new york. you are watching "daybreak: australia." hays in new york. you are watching "daybreak: australia." the s&p 500 pushed back the 3000 mark on monday as u.s. stocks jumped on positive trade signals. let's bring in management founder and chief investment officer, cam. welcome to the show. great to have you. in an all-time00 high at 3025, getting in within spitting distance of that. trade, yes, it looks like it the step one deal is starting. is not enough to keep the rally going? kim: i think it really is. it is not just

my estimation is that they will be able to reach an agreement of some nature by aipac, that will hopefullye basis to have a border agreement. i don't think you have a situation where all the tariffs the us has in place are going to go away before the election. clete willems, a former trade negotiator with the trump administration. us president said washington. negotiating with turkey on a $100 billion trade deal and boost tariffs on the country's steel to 50% after turkey launched the assault on kurdish militia on wednesday after mr trump withdrew from the region, causing sharp criticism of abandoning allies who fought against the islamic state. hopes of security expect securing a deal at the european summit are fading. the finnish prime minister and holder of the eu presidency said more time was needed to strike an arrangement. the block's leaders are due to re——— meet on thursday and friday. simon baptist from the economist intelligence unit said yesterday's queen's speech proved be a sideshow the brexit saga. yesterday's queen's speech proved be a sideshow the brexit sagam usually sets

we had parents from the aipac. it was very aspiring. i think we have a great group of advocates and team members and working with them. [reading names] thank you all for coming down to san diego. i look forward to working collaboratively to help move our district forward. i also wanted to shout out the hr team for the educators of color reception. [ name indescernible ] she did a great job. i had a good time. i think superintendent ford won the handshake contest. she is used to winning. so, thank you all that came out for the event and all of the organizers for the district that help put it on. i'm up to calendar of committee meetings. budget and business services will be wednesday november 6, 2019 at 6:00 p.m. rules policy legislation will be monday, november 4 at 5:00 p.m. curriculum and program will be wednesday, october 23 at 6:00 p.m. building grounds and services will be monday, october 28 at 6:00 p.m. the ad hoc committee on personal matters and relations will be thursday, november 14, at 6:00 p.m. the ad hoc committee on student

the time is 20 minutes until the top of the hour and it is the first of its kind, the us joining aipactake out terrorists. how they plan to use big tech to do it. >> it is a mess. i don't support any of this. heather: a federal judge rules safe injection sites do not violate drug laws in philadelphia but how do people there and in other cities feel about it? republican strategist from philadelphia gives us her take coming up. heather: new warnings about the dangers of vaping. the number of deaths that 18. this is more than 1000 people fallen ill with a mysterious lung disease, the cdc has not been able to pinpoint a recall. they expand private medicare advantage plans. at the retirement community in florida, a number of changes include better telehealth services and treatments and less regulation. >> i made you a sacred pledge i would strengthen, protect and defend medicare for senior citizens. as long as i am president no one will land on your medicare benefits. heather: attacking 2020 democrats in their plan would devastate the system. tech giants will be forced to hand over messages

is continuing our collaboration with a joint meeting with aipac in november, and participation in in a panel one long beach. we want to highlight the work around -- the work around declassification of students who speak multiple languages, and also have an i.e.p. thank you for your time. we look forward to presenting in february of 2020. in the meantime we encourage you to check out our webpage. reach out to us via e-mail, or follow us on facebook. >> thank you for the presentation. we have two people signed up for public comment on this item. when you hear your name, just make your way to the podium. you have two minutes. william patterson, and megan. >> i am a parent of a child with dyslexia and coleader of the san francisco dyslexia parent support group. i am a member of of c.a.c. special education expands as an elementary educator myself. on october 27, i sent an e-mail requesting that you listen to a documentary titled, at a loss for words. how schools teach reading by emily hanford, with american public media. i understand as school board members your roll is really oversight a

potential agreement which could then be signed by president xi jinping and president trump at next month's aipacocsin shelley. meeting. police and protesters clashed at barcelona airport as the secession argument burst back into life. they gathered after leaders of the separatism campaign were jailed, some receiving 13-year sentences. the sentences triggered an angry response from top of our coach was a prominent supporter of catalan independence. he described the ruling as an except about that 1% rate. to india now. describe the ruling is unacceptable in the 21st century. and kashmir two months after the regions just and kashmir,mmu prepaid mobile services will continue. and there may be use of internet to remote anti-independence. global news 24 hours a day and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i su keenan. this is bloomberg. cash marks in japan went into their lunch break and as we mentioned a couple of minutes back that is the only market keeping things out float, the rest of the region is flat or sideway or vines are down. 10

see assigning at some point although we did at breaking news if you just tuned in, it came at the aipac and to lay it's been canceled and may move to another location. i certainly might mean off to the races. >> absolutely. the chinese came out right away when chile canceled it and said they offered out by cow as a possibility. it's really certain that chinese want to cite it more than we do and trump needed for his election. as far as the markets go, the fed was mildly hawkish in your scene in the yield curve, here seeing the flattening as you just pointed out, ten years of broken through 180 - 178. the front end is a little weaker. i think that's where they want to be. the markets might have been anticipating this a little bit but so far i don't think it's any big changes in it gives the stock market a little bit of room to go up more than where it is right now. mildly hawkish at worst. >> we are up 100 points of the dow and you have to know where we were minus before the announcement, we were not strong during the announcement it was at the point of inflation. let's talk about the u.

beijing may send their top negotiator the vice premier to finalize a deal ahead of the aipac -- apecin chilly. nejra: does the risk of a possession -- recession prevent stocks and other stocks railing outweigh the trade agreement. you can chat with us and the mli v team at tv on your bloomberg terminal. great to have you with us christopher. has anything changed for you this week in terms of the phase i deal for your appetite for risk? >> it has a stinking about it. -- it has us thinking about it. it is the counterpoint between the recession risk which is real and the global recession risk over the next 12 months is around 35%, elevated. at the same time, we have what looks like the embryonic stage of a trade agreement. there's a huge amount still on the table and lack of clarity about where the agreement might settle. for us it is not been a fundamental change in strategy yet and we are thinking about it hard. many people reprice the probability, can morning, of a rate cut from the fed. if you look at the fed fund futures. is that a mispricing, will we still get an october rate

president trump raising trade expectations that an agreement with china will be signed at the aipac meetingh. he indicated negotiations are going well and they have already started buying more agricultural products. softbank is looking to take a wework.ing stake in we are told they will value the company at about $8 billion, giving softbank a 60% to 80% stake. earlier this year, the company was heading for an ipo with evaluation as much as $47 billion. israeli prime minister benjamin netanyahu has failed in his bid to form a government. he is being forced to return the mandate to the country's president. rivlin will pass that spots ability to benny gantz, who is expected to face an equally difficult task. global news 24 hours a day on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. ♪ nejra: thank you so much. as we get into the full swing of earnings season, there is lots of companies reporting this week after u.s. banks kicked things off last week. we will see how european banks are faring. we just heard from ubs no

moment in trade, but there's a story out there today that the so-called phase one may not be signed at aipac. >> it's phase point five, it will be signed >> what i got wrong at the end of last year i didn't expect the fed to ighten. when the fed tightened and made long-term yields come down, how do you know offense is working now? because the ten-year note yield has bottomed you have worse economic data but long-dated maturities are going up that's telling you that the fed caught up to the market. >> fed will cut tomorrow, right? >> fed should cut tomorrow >> then pause? >> the best they got is 1.6 to 1.7 core inflation >> you think they'll still sound dovish >> absolutely. >> isn't the risk that they -- >> the data is getting less worse. in their mind the data is still going down ism going negative you have data showing slowdown the key to me is the rate of change they're looking at the absolute data think about this, scott. do you think the fed in september and december of last year would have raised rates if they knew in march they would take a half million jobs out of the picture? >> the

dollar bonds from aipac followers, particularly in the regulation formats, bonds that cannot be soldis decrease has been driven by that sentiment. ofot of investors at times negative news headlines have been moving into treasuries as a safe haven, away from credit. shery: and we continue to see the growing dollar debt issuance coming from asia corporate's. .- corporates how significant a diversification element has this been for investors? lorna: a very positive development throughout the year. with lower power and cost, it with lower borrowing costs, it has been motivating and this has offered greater diversification to many investors. we have been seeing more supply coming, in particular from emerging-market asia and really we have been seeing more coming from countries like indonesia, india, the philippines, thailand, that has been offering more yield to investors and giving them more options within the credit bond space that were not necessarily they were in the past. having said that, we have seen that a lot of the strong demands for the higher yielding bonds has caused the spre

isning us from singapore broadridge financial solutions aipac insights director. us. thanook at funds more individual equities. where do you see strong investor interest in the moment? on the fun side, we see a few major trends of the big teams that we see across the globe echoing in asia, as well. things like volatility in the market affecting investors. equityprofit taking in mutual fund space itself. fund flows, equity space in the rate zone. a few positive points among the low picture. i think the impact of cost efficiency is really in that. especially within the passive with, we combine it passive equities and passive fixed income. .ombining inflows $90 billion in the last 12 months. purchases, it the has increased and brought in further 10 billion into the market. on the second fund itself, it is in the bond space. -- heightened risk, but it is too expensive. investors are piling into the china,, particularly in where we see strong interest in the china policy back flows. paul: you are seeing greater interests in asian credit firm investors. >> yes. that's r

negotiation -- contact with negotiators, as they work on a draft deal that could be signed at the aipacxt month. the minister of commerce said the aim is to end the trade war and remove tariffs, but beijing indicated it wants more talks before being ready to sign an agreement. the nba says it's recent crisis in china has already caused what it calls substantial losses. commissioner adam silver admitted the financial consequences of a pro hong kong tweet by the general manager of the houston rockets might drag on. thetweet was deleted, but subsequent anger caused nba chinese sponsors to cut all ties. hong kong's hedge fund industry has seen its biggest quarterly outflow since the global recession a decade ago. net redemptions totaled $1 billion in september. meanwhile, the city's property tycoons are even richer thanks to chief executive carrie lam's new housing policies. the combined wealth of six of hong kong's biggest property billionaires jumped more than 3%, as shares of developers rallied. its germany is cutting growth forecast through next year on expectation that it will continue

aipac has been canceled so we will have to keep a close eye on that. former chinese deputy finance minister for his thoughts on the u.s. china trade war. the china open is next. this is bloomberg. ♪ >>

and china may not decide at aipac after all and that kind of took a dent out of the s&p after seeing earlier record highs. the asx just going online. we are seeing a flat start to the trading day. flat to the downside. new zealand seeing upside. a mixed picture when it comes to asia futures. we have the nikkei looking lower and the kospi pretty much flat we are looking at a mildly positive open. well.d decision week as we are expecting a cut this week when it comes to december. not so much certainty. we are also on bank of japan watch as well. let's get you the first word news with gritted. -- with ritika gupta. ritika: lebanon's prime minister has resigned. demonstrators were attacked by supporters. in a televised address, he said he reached a dead-end and that it was time for what he called a major shock to confront the crisis. protesters in beirut are calling for other top officials to step down. boeing's ceo, dennis muilenburg, defended the company's ability to sign off on aircraft designs. he admitted mistakes have been made. he testified before the committee, where he faced tou

seems more like an uncertain pause, so we will be watching out for what happens in the run-up to the aipac deyi tan is sticking around, morgan stanley asia economist. we have a response from the hong kong government when it comes to the u.s. house passing that human rights and democracy act on hong kong. now, they are expressing regret over the passage of that legislation as well as another act in a resolution on hong kong. the house of representatives of the united states congress. the government spokesperson saying since the return to the motherland, hong kong has been exercising -- a high degree of a autonomy. this comes after the u.s. house passed that legislation along with three other measures denouncing the human rights and democracy issues in hong kong. we have plenty more to come. this is bloomberg. ♪ shery: shinzo abe speaking in parliament in japan, saying that japan will be releasing $6.5 million to go towards typhoon relief as one of the most powerful typhoons are in decades damaging to infrastructure as well as causing some 43 deaths. speaking in parliament, saying 710 millio

president trump talks trade optimism, raising expectations of the aipac meeting next month. he said in a cabinet meeting beijing negotiation's are going well. china has started buying more agricultural products. benjamin netanyahu failed in his bid to form a new coalition government. -- the new forced president plans to pass off to benny gantz. he is expected to face an equally difficult task. .srael in political deadlock thousands of protesters gathered yesterday in city squares around riots andr weekend of looting that left 11 people dead. in the 1980's it became latin america's wealthiest nation. 1000 people have been arrested after riots and arson brought the cities to a near standstill. profits beat analyst estimates, lender had a $1 million charge to restructure its investment bank. the cost of living out of these charges, and most importantly it will give us an opportunity to refocus on our activities. global news, 24 hours a day on air and at tic-toc on twitter, powered by 2700 journalists and analysts in more than 120 countries. this is bloomberg. you.: thank let's

it's important to note that the aipac cancellation adds another hurdle for the deal.his is a deterioration of the situation that your colleagues have unearthed. i would assume this is now also going -- affecting also the european situation. pressure on eu. tom: major market moves. looking at my terminal, futures reverse to a negative five from plus one, yields come in with a vengeance, 30 year bond in three basis points off this bloomberg story. -- i want to go to you. it buried in the middle of this that chinathe idea also wants the president of the united states to cancel a new wave of import taxes due to take effect december 15. how much of this is about saving face? that china is saying we are not going to do a long-term deal, but the way we are going to get there is to peel back what's already been done? do you see any ability to peel back? yes.r: we will probably not have a lot of peeling back now but if we get to a stage to deal, we probably should have some peeling back. my best guess at this stage is that china is reminding us that china does not only want to