joining us is alex webb. -- alice webb. what should we expect from the apple event today? how are they dealing with this challenge with the 5g tech? 4 newwe can expect iphones today. with 5g all going to be connection. will not be5g thing really useful at all in the u.s. and in large parts of europe. this is really about china. china has got a very fast 5g rollout that is already available in much of the country. they are adding hundreds of thousands of antennas. i think that is what the 5g capabilities targeted at. annmarie: they are going back to these sharper edges on the corners. i think it's a generation five. why are they changing how the

it just says alex webb. alex: thank goodness there is a lockdown.really quite good on this. on the data front, it is a little bit of an improving take. we are monitoring the tape. it is correlating, not the angst of yesterday, but futures -32. -32.35. ard joins us in our next hour. please stay with us from london and new york. this is bloomberg. ♪ businesses today are looking to tomorrow. adapting. innovating. setting the course. but new ways of working demand a new type of network. one that's more than just fast. you need flexibility- to work from anywhere. and manage from everywhere. advanced technology. with serious security. and reliable coverage, nationwide. forward-thinking enterprises, deserve forward-thinking solutions. and that's what we deliver. so bounce forward, with comcast business. tom: this morning, continued pandemic. the international monetary fund, they adjust very grim view of the british economy to evermore grim. they say the government must help those who end up losing their livelihood. techndemic and challenging outlook, s&p 5

francine: joining us now is alex webb, our bloomberg tech columnist. what are the upgrades that a consumer might find attractive? alex: four new phones here. 12, the standard sizes, will come in two andthe pro versions have 5g better range protection and photography. it allows for augmented reality in the phone fields of vision. those of the headline innovations. a few other things around the wallet charger on the back which has a magnet in it to attach things to the phones. we have reset our expectations of what we think of as game changing innovation. the biggest is 5g. at the moment there are not many applications for the technology. it will have slightly better download speeds, but that will not necessarily be something that will change people's experience. francine: how big of a selling point is the faster 5g iphone? alex: at the moment there are not many networks. it does not make a big difference. they will come in the next 5-10 years. 5g is not there yet, it is a way to get people to spend more money on their phones. has significant 5g networks

alex webb joining us on the legs apple products. coming up, leslie vinjamuri. we talk u.s. elections, 20 days away. this is bloomberg. ♪ tom: good morning, everyone. bloomberg surveillance. thrilled you are with us. futures up 15, dell futures 28,686.tting it 35% of the nasdaq 100 is three stocks -- apple, amazon, and microsoft. 34 point percent. you can find that on the bloomberg terminal. right now you cannot find leslie vinjamuri's world on the bloomberg terminal. you can in news. it is about politics and the raw emotion of what is out there right now. she is head of the u.s. and america's program. i want to try out a quote from your new study, and maybe what we will see not after the first tuesday of november but sometime in the vicinity of february one as well. it will not be lost on vice president biden, then president biden, if he's elected, that the last two british prime ministers have gone out of their way to humor donald trump. yes, they did. bidenroud irish-american, has already warned he will take a dim view of any u.k. moves around the completion of brexit at

let's get to alex webb, our opinion columnist for brumberg. 8 -- bloomberg. ew tesla. what can we expect from the earnings today? alex: we are really going to be seeing to what extent tesla has been able to benefit from the surge in electric cars. bmw enjoyed very positive numbers, lots of people i haveown -- in lockdown saved speculative money. tesla is likely to be a beneficiary of that. the key number is free cash flow. that is the number which lets tesla serve its debt effectively, and there is going to be a huge surge in free cash flow, the biggest in the third quarter. analyst expectations, $1.1 billion. let's see if they can meet that number. annmarie: be looking on the lookout for the free cash flow. we spoke about this from afar on twitter. i am seeing more and more ubers that are tesla. is tesla going to be able to be able to lead the way, even though you have ev's coming out for bmw and mercedes? alex: i do not think we are going to see tesla taking over the ride-hailing market, not least because the financing offerings they have. if you look at the

annmarie: thank you, alex webb, getting up early for us.ng out today, wall street's biggest lender's report third-quarter earnings. worse isnd, how much it going to get? we previewed the big banks next. this is bloomberg. ♪ ♪ pres. trump: i feel so powerful. i will walk into that audience, i will walk in there and will kiss everyone in that audience. i will kiss the guys and the beautiful women and everybody. i will just give you a big, fat kiss. ♪ that was the president of the united states at a rally in florida. it comes as doctors confirmed he has tested negative for the coronavirus and is back on the campaign trail. today, he will be in pennsylvania. wall street's largest banks kick off the third quarter reporting season. citi and jp morgan out with results. u.s. lenders have risen over 10%, a rare break from the deep underperformance during the pandemic. joining us to discuss is dani burger. are earnings figures likely to help build on market momentum or can they help undo it? >> we are expecting big banks to report a rise in profits.

alex webb of bloomberg opinion. the european closes next.: 30 seconds until the end of regular trading. let's look at where european equities are. going sideways. light volume. not sure if it just being a monday, but nevertheless experiencing that. range bound towards the top end of the session. up .8%. in many ways, the evidence is ironic, considering we see u.s. bond markets closed. the action is in european bonds. we saw hints over the weekend from the ecb chief economist there is likely to be further stimulus, and that may be coming relatively soon. that has once again provided further reason to compress disparate bunds to btp's, the german bond market to the italian bond market. closing in on 100 basis points, which is amazing. a number of factors behind this. the ecb action has been significant. the idea we are removing redenomination risk by the fiscal package has been announced. this trait has further to go. we could continue to see european bonds, potentially seeing yields push lower, prices even higher than where we have been. in t

david westin and alex webb of bloomberg opinion. david is the anchor of "balance of power."ll come back to him a little later. i am sure his show will be dominated by this, and his conversation with the house speaker. there's a conversation now coming back the other way from google. a spokesperson saying that the doj antitrust case is "deeply flawed." this is bloomberg. ♪ ritika: coming up later today on "balance of power," house speaker nancy pelosi. that is at 12:30 eastern time. this is bloomberg. ♪ erik: this is "bloomberg markets." i'm erik schatzker. andks are near record highs credit spreads are near pre-pandemic. where do you invest with an election looming and coronavirus cases spiking? head ofk henry mcvey, global macro and asset allocation at kkr. i know you have been watching coverage of the doj suit against google. i certainly have. is it possible that a broad antitrust crackdown against big tech, not just google, but potentially facebook, amazon, etc. could constitute a macro ?isk henry: i think that is a fair assessment. you saw this around 2000 with financial

we talk about this earlier with alex webb. hear more about that throughout the day and we will see how that affects tech stocks that trade in the u.s. we don't have those big marketplace kind of tech stocks trading here like google, like apple, like amazon, but definitely a fascinating problem that tech has on that side of the pond. they got the tax problem on this side of the pond. stay with bloomberg television. next is "surveillance." this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >> out of hospital, but not out of the woods. donald trump is discharged but doctors strike a cautious tone about his health. his return to

and could lead to the breakup of tech companies if approved by congress most of joining us now is alex webb on technology stories. alex, great to have your take on this. what is the likelihood this goes ahead? report.a pretty damning will these companies be curtailed? alex: i think probably we're going to see something. whether it goes as far as the proposals laid out, it seems unlikely. inevitably, a huge amount will depend upon the election results. republicans have expressed certain amount of reticence. they object to a lot of the proposals, but the democrats seem to be in favor of some of them. i think ultimately, we are not going to see it go this far but suggesting something that goes this far is kind of healthy because it is better to walk down something strong then -- water down something that is strong then something that is already quite weak. the stocks barely move. i read the wonderful bloomberg summary. i get it. it is the people wanting to breakup horrific tech companies as well. does the public want to break them up? alex: i don't think so. i don't the public is as come visit

alex webb having his perspective from london earlier this morning. now on the reality, which is if you are a shareholder of morgan stanley and goldman sachs, guess what? it has been a lousy 10 years. compared to a lot of other things out there, it hasn't happened. goldman sachs, totally on acceptable, under 4% return per year. olu holding court at bernstein, joining us with autonomous research. how do they do better than the terrible performance of the last 10 years? christian: good morning, tom. i will travel to -- i will try to help you on goldman. i don't know if i can help you with the iphone 12. i think there are many different this -- many differences the cycle versus last cycle, in terms of business mix. onerousthe lack of company's affects the lifecycles. you have seen that somewhat this year in a recession, and a somewhat tough environment. for example, this morning pce whichtting out was best in class relative to the other banks that have reported so far. so i do think, knock on wood, that this time is somewhat different. tom: it starts wit

alex webb, bloomberg opinion columnist, joins us now. have we learned anything so far? really, no. the bifurcation of views from the democratic and republican side of the senate is as expected. you've got the republicans essentially criticizing the likes of twitter and facebook for their perceived censorship of some voices, over correcting some of the comments made by not least donald trump. on the others of the aisle, we've got them across leaning more towards the idea they should be censoring or placing more circuit breakers on some content. you've only really had amy klobuchar from the democrat side tackle any of the real questioning from the democrats, and the republicans taking the lead so far. guy: how comparable are the approaches being taken by europe and the united states now when it comes to this issue? have europe doesn't quite the same provisions when it comes to article 230. it doesn't have quite similar laws. in europe, we have got a bigger conversation about antitrust as opposed to regulation. regulation of content is an issue, and it is about liabilities

the whole truth of what happened to alex a new play in what the motive was how they did it what i want to do is try to unravel just a small part of this time called webb and see where we end up maria is head of the investigations department she's worked for years many journalists know me to maria power need be had different best occasions out of our news on to corruption fund but her name doesn't appear on the list of employees or in the credits of any of the funds projects she claims she's worked on in fact few people have heard of her just a month ago even of on his former deputy chief had trouble remembering her. i didn't remember her right away but it came to me i saw him 2016 at one of the internal events but they're already said not only treating her in a special way this is not just an ordinary employee was by her he treated her with special reverence respectfully talk to her as an equal this is not generally found in a look sees how what you communicate with someone on an equal footing because she's more always prevailed him like hearing down from my throne laugh at my jokes it wasn't with her there was relatively equal communication with her

webb al-jazeera. a powerful storm is dealt record rainfall in parts of france and italy killing at least 2 people another $25.00 and missing after storm alex at the border regions of both countries don't know how reports. record rainfall in the mountainous region the joints france and italy has threatened lives homes and if the structure of. storm alex as it's known swept across southeastern france and into northern italy causing rivers to burst their banks and flooding on both sides of the border. this was rockville year on the outskirts of nice. it's said to be the worst flooding in the area in more than a century. to clear the bodies in the coming days and weeks there will be a massive mobilization in this mountain region which is just experienced devastation without compare and without precedent in the past 100 years. roads and bridges were destroyed high altitude communities isolated with rising numbers of missing and injured. all of ali's collapsing one go so we don't have a boat left to take us back home the best of look you have on. it's blocked on both sides of the road no electricity nothing further up the route to tap water ther