tom: alan ruskin will continue with us. splash with his paper on the labor mystery of america. it is a perfect time before the debate to speak with alan krueger in the 9:00 hour. from london, from new york, for you, worldwide, this is bloomberg. ♪ tom: good morning, everyone. francine is in london. i am tom in new york. we are going to ask alan ruskin about politics right now. must-read"?"morning from "theervation washington post." mr. trump could still win. our poll says maybe not. tom: this is that exogenous shot that markets always worry about. how do you play the quiet of these markets as we go to the first tuesday of november? alan: the markets are not all that complex. having gone through a few referendums -- the greek referendum and then the brexit story, i would not say that this market is that complacent. there is a modicum of uncertainty still out there, and if that is eroded, there will be a relief to the risk asset at that point. a huge greeting from mr. renzi goes to the referendum. alan: i think -- we will stum

alan ruskin will join us tomorrow.catching up with alan ruskin of deutsche bank as well. futures are up this morning, as well. futures up 10, dow futures up 69. if there is one thing on the screen, the stronger sterling, a stronger sterling hopes us out as well. from london, and from new york, this is bloomberg. ♪ jonathan: good morning and a very warm welcome to "bloomberg downeak" as we count you to the open of the markets. futures are positive. the dow is positive 10 points. the fx market looks a little something like this. the pound is stronger. onget an upside surprise u.k. inflation. david: here are the three stories you need to know about. goldman sachs will reveal earnings 30 minutes from now. and the question is, can be trading house keep up with jpmorgan who has already reported a big increase in fixed income businesses? we did get inflation numbers out of the u.k.. core inflation grew. from bothe now heard janet yellen and her vice chair, stanley fischer, both talk about running the economy hot.

up having a beverage of my choice with alan ruskin, and deutsche bank is down here.e englund is at citigroup, steven wieting, but are we prepared for a 1.15 sterling? peter: that will make things more difficult in terms of inflation, making the bank of england's job -- look at what is happening with expectations already in the u.k. n: the u.k. has twin deficits. it is putting a good deal of trade at risk with the european union. there is a way it could come out better than that, but it could come out worse than that. francine: we have seen a lot of luxury companies, but also apple increasing prices in the u.k.. so inflation is coming. tom: rob hutton, i want to get this in. as you and simon kennedy have written about, inflation expectations are up, up, up. where can they go? are we at the dictations for inflation the signal higher inflation? expectingone is higher inflation. i spent the weekend with my father. he just bought a laptop computer because he thinks it will be more expensive in six-months then he -- than if he buys it now. all of your big-ticket import pur