anna: hi. lemonis: hi. anna: how are you? lemonis: how are you? i'm marcus. anna: anna. lemonis: nice to meet you, anna. anna: nice to meet you. lemonis: is this the showroom? anna: yes, please come in. lemonis: okay. anna: marcus, this is susana. lemonis: oh, hi, susana. susana: hi. lemonis: marcus. susana: hi, marcus. nice to meet you. lemonis: how are you? nice to meet you. susana: yeah. lemonis: don't be nervous. you guys manufacture your own stuff? anna: yes. susana: yes. anna: we manufacture in our new jersey factory. sue is responsible for design, and i'm responsible for all operations and sales. lemonis: so you handle production and sales? anna: yes. i'm very capable. lemonis: that's interesting. susana: the front stuff is too emotional for me. anna: sue is the creative engine of the company. susana: yeah. anna: so we don't want to expose her to all the -- you know, all the unpleasant stuff. susana: i don't like to be in the front of things. lemonis: okay. susana: i like to be in my world working. lemonis: you're the artist. susana: yes. i just... anna: she's ver

if you are -- i anna edwards. -- i am anna edwards.ratulations to you. now singing ag is different tune about consultants that researched the company's opponents. she admits she received information about the social firmrk from a consulting that investigated george soros. joining me to unpack all of that is alex webb. --x, the global audience what has sheryl sandberg said in that announcement? alex: they really dug into some of the steps that they took from public relations, and there was one element that was controversial that they had hired a firm to dig up dirt on george soros. then the company essentially placed fake news into the system about george soros, saying he was launching a dirty campaign against facebook. the chief at the time said it was not true. they said the report was misleading and now she is saying from it transpired. she said they were doing it, but we did not ask him to do exactly that thing. frankly, it is the typical facebook playbook where you deny it and say you do not know enough. that is her job and she sho

anna: let me ask you about brexit.ur concerns like in regards to brexit -- lie in regards to brexit? johan: we have been preparing for brexit the past two years. i think that we have also looked at every possible scenario, whether that is a deal scenario, whether that is a no deal scenario, we feel confident in the plan that we have done, that even in the event of a no deal -- as late as last week the european commission was proposing measurements that would protect --. that was also reciprocated by the u.k. government. based on those statements i am confident that it will continue post march 29. anna: is a big risk, the weakness in the pound and what that does suspending power when they go abroad. johan: it's the same with the -- it'she same as it is the same with the pound as it is with the fuel. those hedges are there to minimize the volatility and concern over the cost. as you said earlier, it would definitely have an effect on the weaker players in the aviation market, that's for sure. anna: you are not concerned

anna? anna: yvonne man in hong kong..mp bump in trade president trump is said to have asked key officials to draft trade terms with china in hopes to reach a deal at the g20 summit later this month. for more, let's get to jodi schneider. great to have you with us. we've had a response of china. bring us up-to-date with the latest. jodi: it all started with that tweet from president trump, saying he had a good long conversation with his chinese counterpart, and was really the first conversation we know about taking place in six months on the trade issue. then the bloomberg scoop, people familiar have told bloomberg asking hisesident is key officials to draft language for a possible trade deal with china that he and the president could reach at the g20. they have scheduled meetings. they're on the sidelines. they were holding lower expectations for those talks, but with the latest news, the expectations have been heightened. anna: is it likely this leads to a deal? we are close to the midterms here. jodi: that's right. pre

anna: and a genex 3.1%.uick rate in the united states, one analyst at schwab suggesting that this bodes positively, if you can use that word, for average earnings. but it will go up 4% on the back of rate >>. that's going to be punchy as far as wages are concerned. does that suggest the fed is behind the curve? vincent: i have the impression the fed is doing what it should do given the circumstances. we haven't seen a buildup of inflation sizable at this stage. ue we see whether we get this fall, which would be normal given the economic circumstances. but it has taken time to get to this. see.ll the outcome of the election, probably less likely than it would have been with a full republican leadership in the u.s. tax cut 2.0 is unlikely next year. much more stimulus to the he was economy is less likely than before, meaning there is less results of massive surge of wages next year. anna: thank you very much. we've got a few stocks we're watching this morning. richemont down more than 6%. ubs also weaker. the

anna? anna: thank you. a bendable phone. thank you very much.et's get bloomberg first word news updates from hong kong. for its: oil is set longest stretch of decline on record after entering a bear market. investors are awaiting a weekend meeting of opec and its allies. new york is slipping for a 10th day. slump has been exacerbated by a u.s. decision to allow eight company -- countries to continue importing from iran. the owner of ireland's stock exchange euronet favors moving the settlement of irish shares after brexit. ireland currently relies on the u.k.-based firm to settle trade. clear, once euro the u.k. leaves europe's single market, it will not be able to continue providing that service. factory inflation in china slows for a fourth month while consumer prices steady amid sluggish demand. making life easier for the central bank as they work to ease spending conditions. world's second-largest economy and rose 3.3%. the consumer price index rose 2.5%, signaling earlier inflation pressure coming from flooding have now eased. sayseo of ban

anna? anna: debra mao for us.g data across the bloomberg. 53.3%.lowing to the manufacturing number, 51.6%. you get the picture. things looking weaker than anticipated. the german composite falling, 2.2%. euroee the reaction in the this morning, giving up some of its earlier gains. at's talk a little bit about shopping phenomenon stateside, an emblem of opportunity and access. black friday is america's biggest shopping day, getting underway today. our reporter is here with the breakdown.she is american and she shops , so she is qualified. >> it is estimated the black friday alone will produce $23 billion in sales. while it once meant large crowds and stampedes, clicks are bricks.g brexit. -- a growing part of this is mobile commode retail chains investing heavily in those services. across the retail sector, mobile makes up 27% of online shopping. that is a strong trend. while everyone moves online with the choices seem unlimited, department stores have been better. this chart shows signs of a real apocalypse. retai

anna? anna: thank you very much.isters gathering in brussels to discuss italy's budget standoff with the eu. the block is waiting for rome to response to the review it received two years ago. yields in italy moving higher this morning. brussels where she is joined by a guest. maria: good morning. i'm happy to say i'm joined by the european commissioner on a key day-to-day for the italian budget, the focus point of discussions. thank you for being on the show. i have to start with a basic question. you've made it clear the italian government has to tweak the budget. are you getting any indication they will tweak it? guest: indeed. there are budgetary plans from 13th and italy has until of november to come with a budgetary plan. in between, we are in discussions with italian authorities and hoping to reach a contract. maria: the italian government said we are not changing anything, but i'm sure you've had discussions with rome. is the tone different when you talk privately? are they willing to make those changes? guest

anna chennault.ourse i had the opportunity to not only talk to the leaders, but the people. >> nixon knew that anna chennault could establish a relationship between him and the south vietnamese and that just in case it became public. nixon could pretend she was not his real envoy. >> after just ten years in washington, d.c., anna had fast-tracked her way to wealth and influence. and a penthouse on top of the brand-new watergate complex. which she made into her private clubhouse for the global elite. she loved to do parties. she is notoriously known as the republican social hostess of the nixon era. >> i just remember that when she would walk into a room, she owned the room. >> she had a lot of sexual power. i'm not saying that she had sexual relationships with people. but i just think that she exuded an aura of sexuality and exoticism that was irresistible to a lot of men. i mean you sit next to a man in power at dinner and you whisper in his ear and you give him a good idea and it is suddenly his id

general claire chenault marries anna chan. general chenault made second world war history and legend as commander of sky battles in china. >> anna chenault has an american story that is truly epically even scinematically unique. she rises to the highest levels of society and political influence in this country. but then what she did with that influence is a question of deadly seriousness. because with anna chenault and richard nixon we got america's first taste of a candidate colluding with a foreign power to try to win a u.s. presidential election. and in this case, it would also change the course of a war. >> the chenault affair shows us that this wealthy and connected asian-american woman could change the course of american and vietnamese history. she was a journalist, she was a significant fundraiser for the republican party. >> i think she would have loved to have been an ambassador, loved to have had some major job. but i don't think that in those days men didn't take women seriously that way. >> she was in a way, ahead

anna: this is interesting.b i conference of the beginning of this week, and they have backed theresa may. but it isbacked it, very much in the context you have set out. this deal is better than no deal. if that is what it comes down to, can you understand why business has decided to back may? cai has a very important role to play. hown completely understand they have come out and said this is suboptimal, but a lot better than the opposite. in the circumstances, we should get behind it. and i think it ecb has an important role -- the cbi has an important role. there are still a loss of business people who do believe, actually, that there should be a second vote. the percentage is less than those who voted to remain, but there are still a lot to increasingly believe that it is important we have a second vote. that is some of the messaging you got word. michael: as usual, with things that are complex, most of our many who, there are think let's just get on with it, because it is creating uncertainty. it is probabl

chenault, anna. woman known to power brokers as the steel butterfly. >> the number one flying tiger and his chinese bride, claire chenault marries anna chan. made second world war history and legend as commander of sky battles in china. >> anna chenault has an american story that is truly epically even cinematically unique. she is a religion from the communist takeover of china. she rises to the highest levels of society and political influence in this country, but then what she did with that influence is a question of deadly seriousness, because with anna chenault and richard nixon we got america's first taste of a candidate colluding with a foreign power to try to win a u.s. presidential election. and in this case, it would also change the course of a war. >> the chenault affair shows us that this wealthy and connected asian american woman could change the course of american and vietnamese history. >> she was a businesswoman. she was a journalist. she was a significant fundraiser for the republican

anna chennault. their views were closely aligned. there's definitely no crime in that. but what if they went beyond words to deeds? what if they were to join hands in an effort to derail the quest for peace in vietnam? ♪ junior achievement reaches young people all over the world to prepare them for the future of work. we go into classrooms and we teach entrepreneurial skills and leadership skills. when you actually create a business when you're in your teens, it raises your self-confidence. junior achievement is really unique because they inspire young people to think creatively. the citi foundation's pathways to progress initiative helped us reach kids in over 50 countries. citi has also loaned us their executives and their employees to help us deliver our programs. our youth are three times more likely to become entrepreneurs and they're more likely to create jobs for others. they are going to bring an entrepreneurial spirit to making our world a better place. ♪ but he has plans today.ain. hey dad.

anna chennault.his bed. >>> august 1968, anna chennault touches down in saigon, south vietnam's wartime capital. mrs. chennault feared south vietnam would be the next domino to fall to the communists unless america held the line against communist north vietnam. now anna had come to join the struggle, as richard nixon's secret agent. >> i went with her on one of her trips to saigon. we stayed at the hotel caravel downtown where most of the reporters were staying. it was a weird atmosphere from the hotel restaurant on top. you could see flares on the edge of the city, bright lights in the night sky, bombs and so on. the war was a part of everybody's life. >> chennault arrived in saigon with an ironclad alibi, her work as an airline executive, and with contacts that went right to the top to south vietnam's new president, van tieu. >> the information from the campaign to the government is nixons nixons is going to win the war for you, he's going to stand by you better than any democrat. >> for anna, this

general claire chennault marries anna chan. general chennault made second world war history and legend as commander of sky battles in china. >> anna chennault has an american story that is truly epically even cinematically unique. she's a refugee from the c communist take over of china, she rises to the highest levels of society and political influence in this country. but then what she did with that influence is a question of deadly seriousness. because with anna chennault and richard nixon we got america's first taste of a candidate colluding with a foreign power to try to win a u.s. presidential election. and in this case, it would also change the course of a war. >> the chennault affair shows us that this wealthy and connected asian-american woman could change the course of american and vietnamese history. she was a businesswoman, a journalist, she was a significant fund-raiser for the republican party. >> i think she would have loved to have been an ambassador, loved to have had some major job. but i don't think that in th

anna:. she says there is no time for that.t it -- will you accept that if you do not accept this deal, you get closer to a no deal? >> i simply say to them, this deal is not acceptable. and represents a failure of a negotiation. i believe there is a majority support for that. we have spent a lot of time talking to people all over europe in the past two years. we cannot negotiate, we are not a government, but we have make for the kind of relationship we want to have. we have not sent the equivalent of liam fox around the world to signed up for faulty trade deals. we can cut wages, cut conditions, and have a tax haven on the shores of europe. have something more positive. anna: things like this could set us closer to a no deal. is this a price you are worth paying? >> we will demand a deal with the european union that protects jobs, protects workers. the eu has a whole history of say nothing can be changed. i remember the lisbon treaty. that was my exclusive conversation with the the u.k. leader of the opposition, jeremy corbyn.

anna? anna: thank you, desley humphrey in dubai.oming up, the world's largest conference of tech ceos is underway. portugal vis to become a technology hub. as of next. when traveling to work, there is always bloomberg radio on your mobile device or dab digital radio in the london area. this is bloomberg. ♪ anna: welcome back to the european open on bloomberg tv. we are 18 minutes from the start of the cash equities trading day. let's get a business flash with desley humphrey. desley: socgen has entered five consecutive quarters of equitieson at its key trading business, joining a small number of european firms closing the gap with wall street peers. equity trading revenue jumped 90% last quarter, beating estimates and outperforming all that one of the top global investment banks that have reported so far. is theink the benefit fact you can see opportunity globally. what we have seen in this quarter is robust activity in the u.s. globally speaking, the activity was still subdued in europe. footprints to capture divides in the market.

anna, good morning. anna: good morning to you.lready, butt this this is just crossing the t's and dotting the eyes this morning, giving us the detail on that one. let's talk more about the markets. you've been through some of the big headlines, particularly pertaining to oil and other markets. i've got to fill in a few of those gaps. msci asia-pacific down .3%, mixed session in asia. point higher after tech stocks weaker friday. the pound against the dollar is weaker, down below 1.29 now. theresa may fight to keep her version of >> it alive. -- of brexit a life. dollar against the chinese currency, 6.95, floating around the seven level but not quite reaching it. we're holding onto the drop. no progress on trade talks, no change in directions post-midterms. that's the highlights. industrial production and retail sales coming out of china later this week. let's check in on the market picture in asia. yvonne man has that for us. she's in the studios in hong kong. yvonne: a bit of a holding pattern for asia stocks. we are taking a bre

anna: thank you.eoer rorsted, the adidas with the changing guidance from the business. minutes from the open of the european equity markets. next, we will look at the stocks we are watching at the opening, including german corporate's. bmw says it expects a difficult and to the year as it reports results that missed estimates. this is bloomberg. ♪ anna: good morning, everybody. this is "bloomberg markets: the european open." six minutes to the start of the trading day. stocks to watch around the newsroom, we are looking at bmw, the latest on the stocks that could be impacted by the midterm elections. annemarie is covering spanish banks for us. bmw, what do they say? missed onury carmaker its earnings before interest and tax came 8% lower than expected. profits from automotive's business have in the third-quarter. had put aside more provisions for its local engine stock program and in comparison to daimler, it is very bearish for the remainder of the year. a difficultxpects time to continue in the four

alongside anna edwards at the cbi conference. anna: good morning. i am here in central london where theresa may will try to sell her brexit deal to business leaders as she finds almost insurmountable opposition in parliament and a possible leadership challenge. the cash open is less than 30 minutes away. nejra: may's business pitch. the u.k. prime minister asks businesses to back her brexit deal. asia advances. u.s.s trade higher despite vice president pence's attacks on china. turnarounds at telecom italia. new ceo in a victory for activist investors. but have a look at how markets are trading globally. we have seen gains in the asian session. a little more muted given the concern around trade. no joint communique coming out of aipac for the first time in many years. saudi arabia and stocks are bouncing back after significant losses yesterday. reflect apretty much lot of the benchmarks across asia. we have seen gains in japan and south korea as well. in the fx space we saw the dollar weaker on friday, down 0.5%. it bounces back today. that is why y

anna? anna: let's turn our attention to the story around brexit.resa may is a -- urging lawmakers to embrace her plan. they will hold a decisive vote on mother to accept or reject afteral before christmas, eu leaders finally signed off on the agreement before the weekend. there will be no negotiation. christmas, mp's will vote on the steel. it will be one of the most significant loads parliament has held in years. it will depend on whether we move forward together into a brighter future, or open the door for yet more division and uncertainty. >> i'm inviting those who have to ratify the steel in the house of commons to take this into consideration. this is the best thing possible for britain. this is the best thing possible for europe. this is the only deal possible. >> the agreement must now be ratified, this time for everybody, everybody to take their responsibilities. today's agreement will help create a trust and the confidence needed for negotiating our clause and unprecedented future relationship. anna: some of the voices over the weekend. jo

anna: thanks very much.at illustrates the way tencent has done badly on the back of the chinese regulation around games, companies doing worse in the sector because of exposure in china. tim culpan with the latest on tencent. on the tencent earnings has been running for the past 45 minutes, waiting for those earnings to drop. matt: we will discuss them on our radio program. anna and i are headed into the booth. bloomberg surveillance is next with francine lacqua. this is bloomberg. ♪ francine: done deal, theresa may strikes a brexit agreement with the eu, but the question is can she get it through? declines.s its testing tencent, traders get ready for volatility with $243 billion in market cap wiped out this year. we will discuss the results. welcome to "bloomberg surveillance." i'm francine lacqua in london.

anna: the plot thickens.ails on infineon, reporting numbers this morning. >> have just reported numbers. the german chipmaker with a be on the top line. they also posted first year earnings above analyst estimates. a for your dividend up for euro cents per share. you want to look into the future. -- 2019 they say anna: thank you for joining us. you can get the latest stories by going to first go on your bloomberg and the mobile up. keep an eye on the spanish banks. if you interesting calls surrounding that sector. we talked about infineon. margin --ed their fda da in advance. it is interesting to watch what happens. european futures point higher this morning. another week of equity trading. this is bloomberg. ♪ i am a family man. i am a techie dad. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. minute

anna and i are going to radio.the terminal. ♪ francine: president trump threatens more china tariffs ahead of the g20 summit. december the 11th is theresa may's d-day. she is set to vote on her controversial brexit deal. president trump port water on the agreement. a stalemate in rome as the populist leaders fail to meet a new deficit target. hopes that a class with the eu will be avoided. ♪ -- a clash with the eu will be avoided. ♪ francine:

anna: thank you. let's check the markets and this is a picture across the asian equity session, looking mixed to positive. european futures and usp -- futures point tentatively higher as we wait for americans to go to the polls. this is bloomberg. ♪ anna: welcome back to the european open, 14 minutes to go till the start of equity trading. you are looking at a live shot at the capital in washington, d.c. a hazy day over washington. we could be positive at the start of trade but we might tread water as we wait for more political clarity through the fog. asian stocks had a mixed session. session justmuted today, the market seemed to be in a holding pattern. we are asking the question on midtermslog, are the key to markets? joining us now is mark cudmore. thought that some investors like political gridlock and there is a chance we see a bit more. the results would matter to markets. mark: they do a little bit. there -- they have been hyped up midterms. most of us conclude that they are not quite as impor

anna: kevin, thank you very much.'byrne there. , the cfo ato'byrne sainbury's joining us on the subject of results and the brexit story. coming up, interviews with the ceo of astrazeneca, following the company's third-quarter results. that is coming up after 8:00 a.m. u.k. time. later, commerzbank cfo, stefan ingles joins us live from france for at 10:30 a.m. u.k. time. tous: if you are traveling work, you still get more bloomberg on the radio, live on your mobile device or on dab digital radio in the london area. this is bloomberg. ♪ >> not for the future of europe. italy will be part of europe. the future of our economy is the problem because solving he -- salvini is the driver. anna: the thoughts of the former italian prime minister renzi. let's look at what is going on with italy's bonds market and the rest of bond markets. you can see the italian 10 year yield, 3.36 is where we trade. 0.46%-year german bund, and the u.s. 10 year, 3.23. bloomberg business flash with deadly humphrey in dubai. --kevin o'byrne --desl

anna: interesting. there could be news on trade him and not necessarily the type everyone in the markets is waiting for. that spring christina in. in.et's bring christine which assets will move most on a trade cease-fire? is that the base case the market is going with, a pause in hostilities and what are the assets we are watching? >> that seems to be the base case, that there is going to be a little bit of an adding in the trade barbs -- ebbing in the trade barbs between the two countries and maybe not a complete end to it. in terms of the assets that would be most vulnerable to the developments, we will have to take a look at which assets have been affected the most since the so kind of came to the fore over the summer earlier this year. uan.: the ya >> all of the cyclical assets. they stand at a bit of a juncture because they are at your today to extremes or near year to date extremes. any developments on this side would certainly be key to the next direction for these assets. matt: mike, let me ask

anna: thank you.tates is refusing chinese capital and the european union is imposing a confident wide that in process for china -- vetting process for chinese investments. other countries have been much more welcoming. as china's president visits spain and portugal today, maria tadeo is breaking down the details of those newfound friendships. there are a number of reasons that a country like china would want to invest in countries like spain. clearly it gives access to the european union, but also markets in america, and if we get some deals by the end of today that would be the continuation of a theme we have seen across the european periphery. china has built up a trade surplus for about 10 years now. thehave to see this in context of global trade tensions but also the sovereign debt crisis in 2012. because of the volume of some of these deals, because some of the specters china is going after in europe, you are now seeing the european union wanting to take more time to vet. they are reaction -- the

matt and anna. anna: thanks.profits in the first half of the are despite the drop in the value of its holdings. the company reported a pretax profit of 42 million pounds and six months till the end of september up from 30 more -- 34 million pounds earlier. thanks for joining us. you have written down the value of your shopping centers down this time. tell us about the dynamics that led to that taking place. retail space has got its challenges but if you look at our retail portfolio, half of it has seen values in the plus or -1% range. that is because we have assets like leisure hotels, outlet, and so on, all of which performed very well and when you look at specifically the shopping centers, there is a mixture of from cva'sressure and administrations and an outward yield shift. the value is written down in the current market. matt: what are you thinking in redevelopn regards to or change your retail properties estates, to real haverty's for people to live in? is that going to be a big plan or only a small part of

anna and manus. anna: thank you.rst interview since being named of the san francisco daly tolddent mary bloomberg u.s. policymakers should be lifting interest rates. she said that will help bring an economy that is running above potential in for a soft landing area she voted for the first time at the policy meeting this month and will vote again at the mid december gathering. officials are expected to hike for the fourth time as the economy looks strong and wage pressures creep up. joining us now is the senior u.s. economist at [indiscernible] let's talk about the wage pressures in the u.s. we saw in the latest payroll numbers that they were creeping up. is that an area where you consider a threat to the trajectory of fed rate hikes, did it change your thinking? thomas: wet -- wage growth has been creeping up and we are around 3% on the average of the earnings this year so that is after a few years where rate growth was on the soft side. we are not back to 4% where we were before the financial crisis so i think that

anna: nicely summarized.et's get more details on the market reaction in asia and the stock market. screen,eft of the gmm we have to movers in the equity market and in asia and you are right that they are fading, but they are there. we see positive moves on the equity market. as you rightly point out, how long will the powell put be sustained or if that is what we should call it, now -- and how long could it be sustained? morestocks got a boost up than 2% yesterday. today, futures look more muted. we saw emerging-market fx as a result of powell's comments and let's focus on the u.s. ten-year. here,is where we trade buying for the u.s. treasury and the yield, coming down as result of the comments from powell. 2019.only one hike in matt? stocks in china turned gains and losses after u.s. equities surged the most since march after a dovish jay powell said the u.s. interest rates are just below the fed's neutral rate range. while some traders are concerned powell could be -- the powell put could be exhausting, lik

anna: thank you.ing a different view to your own most of each year rules in a hard brexit. stephen, do you think this will pass? she may need three and 20 members of parliament to vote for it. she will have to look whiter than the conservative party. we may even have the democratic unionists from northern ireland to help us. she needs to speak to pragmatic, moderate labor. a labour mpg to late last night and he was annoyed not much hope for the pragmatic pool to come aboard and support this but we have some time to run with it. there's a lot of explained to do in a big challenge for theresa may but she has proved critics and doubters wrong before. anna: thanks for your time. next, the german economy shrinks for the first time since 2015. what does this mean for the eurozone? a great conversation coming up. this is bloomberg. ♪ matt: welcome back. this is "bloomberg markets: european open." indexes risingty even though the european economy took a bit of a body blow in the third quarter with its biggest

anna: thank you very much. coming up on the program, corporate credit crash. it is said to be the worst year for credit since the global financial crisis. we bring you more on this developing story. this is bloomberg. ♪ welcome back. we are 18 minutes until the start of cash equities trade. let's get a bloomberg's nests flash -- business flash. >> alphabet chairman says he is not confident google will be better off bringing the censored search engine to china. google pulled out of mainland china in 2010 when the founders decided censorship was unacceptable. the chairman told bloomberg it is a dilemma for any company wanting to operate in china. >> anybody who does business in china compromises some of their core values because the laws in china are different than in our own country. the question that comes to my mind is are we better off giving chinese citizens a decent search engine? a capable search engine? even if it is restricted and censored in some cases? does that improve the quality of their lives? that

rope anna: red and blue. republicans expand their majority in the senate and democrats take over the house. what will this mean for the president's policies? a sigh of relief following a midterms results. futures in the u.k. point upwards in america. a new -- former u.s. treasury secretary warns of the growing divide between china and the united states after bloomberg's new economy forum. we are live with a souris -- a series from the conference throughout the morning. good morning, this is "bloomberg daybreak: europe." it is 6:01. ; 01 in paris. we need to go to it -- 7:01 in paris. third-quarter net profit, one billion euros. saudi is in my what the estimate of 1.0 8 billion or ace shade -- or a shade above it. they are ruling backed up by back. in terms of revenue number, that looks to be in line at 4.8 billion euros. over to 4.85. here is the interesting part. now we get to the fixed income side of the business. fixed income currencies and commodities. the investment bank revenue down by 16% there. as i s

anna: thank you.eart to call what happens on politics and the next half hour, let alone a week from now. letn the next half hour, alone a week from now. this is bloomberg. ♪ matt: welcome back. we are 12 minutes into the trading session right now. we see gains across beer. equity indexes. let's go back to annmarie hordern. at one of let's look the biggest gainers on the stoxx 600 this morning. universal music group is a stronger than ever, which -- stronger than ever, raymond james says. trials did's drug not meet business goals. that stock is down. 17%.urec is down more than it falls the most on record. more than any four-day drop since november of 2002. matt: annemarie, thanks. lateuries gave back gains in the new york session. eased.ina trade tensions yields fall -- fell across the u.s. there is an important option later on today. -- auction later on today. it's been interesting to watch what is going on with yields is the government sells more and more debt. let's speak with the founder and cio of

anna: this is anna in westminster. lots of the focus on what the bank of england might do. do see a harder version or a no deal brexit, we heard from the bank of england themselves there could be some upside to interest rates, if that is the situation, but the market is not seem to buy that. what would you expect? first, let me say that i understand the market bidding volatility higher and keeping sterling lower, largely because there are so many unknowns between now and the ratification in parliament, and even thereafter if we did get the rejection. basically, the market is dancing of higherscenario brexit getting priced in higher. in which case, the market i think that right to a certain extent that the bank of england is going to hold off from interest rate hikes. assuming our central scenario plays along, it means that we are going to get a smooth brexit. tighterwill end up is monetary policy in the u.k. largely because weights growth has started picking up and started showing its teeth on inflation. tom: all the writing that has been done today, i tried to understand w

anna: thank you very much.t is happening in the markets. with news the u.s. is said to waiversht countries oil , today we are asking our blogion on the mliv log -- , this is our question of the day, what is the biggest risk for oil traders when sanctions begin? , reach join the debate out to the mliv team here at iv plus tvy going to on your bloomberg. wants to talk about. word news update with yvonne in hong kong. was heading toward its biggest lost since the be wary. towardhe u.s. is heading its biggest loss since february. according to a bloomberg survey, production climbed to its highest in two years as saudi and libyan output offset the loss of crude. sanctions kick in on monday. donald trump is said to want an agreement with xi jinping. he has asked officials to begin drafting terms ahead of his meeting at the g20 summit. the push comes after a telephone , thersation yesterday first publicly disclosed calling six months. >> with china we are doing well on trade. where going to make the right deal. a

anna. >> jeb zellany, thank you. joining us now, we head to florida where the president is headed, and republican congressman matt gates, of florida state, the president, again, will have a rally at later on tonight at 7:30 eastern time. congressman, even though the president has been on this campaign blitz, he has conceded in the last 24 hours that not everything may go republican's way on tuesday, especially when it comes to the house. let's listen. they will try to erase our gains and eradicate our progress. they're going to work hard, and we will be fighting, oh. it will be ridiculous, frankly. it will be bad for our country. the democrats and it could happen. could happen. we're doing very well, and very well in the senate. could happen. you know what you do? my whole life, you know what i say? don't worry about it. i'll just figure it out. congressman as a member of the house yourself, what's your reaction? >> well, i'm glad the president is campaigning so hard. he is our party's best messenger, and i can't ima

anna: hi, shauna. nice to meet you. i'm anna. lemonis: this is travis. travis: hi, anna. nice to meet you. travis: nice to meet you. lemonis: i want to change the entire look of the place to create a new concept. since this is the first time that farrell's and sweet pete's are going to be combined into one location, i want to give it a brand new look, and i want to make sure that there are different elements from both brands that are combined, so i'm bringing in anna from pacific hospitality. it's a business i invested in in 2016. she's helped me with designs in the past, and i thought she could really help with this one. anna: you know, i was thinking about the wallpaper, maybe replacing that. more like a chalkboard type of wallpaper that has all the farrell's memorabilia sketched in. obviously new seating, for sure. definitely the lighting. i love some of these. i think we can still use them again throughout the restaurant. lemonis: so you're intermix? anna: yeah. lemonis: while the team works on design, i've authorized them to start demolition. ♪ this will be the first

at one point an katherine adjusted anna's snow white wig. get prepared to see more holidays because jack is there number one priority. chris and anna have always maintained a civil relationship and want one another to be happy. >> if plan "a" doesn't work out, that's just about the perfect plan "b." >> got to be proud of that. s that very big people. >>> it's been 17 years since nicole kidman and tom cruise went their separate ways and now nicole salespeopling about about her relationship with their two kids, conner and isabella. >> any mother will tell yous lo for you here. >> she says her children who are now grown are in her heart, despite rumors they don't speak to their mother because of scientology. kidman says, quote, they have made choices to be scientologyists and as a mother it's my job to love them. i am an example of that tolerance. no matter what your child does there is love to sever that i believe is wroj. she acknowledges being private about it because, quote,ive to protect all those relationships. she opened up about her dau

anna: shaking off the october blues.rts the month in the green as jpmorgan talks of a rolling squeeze higher. europe points lower and u.s. futures are mixed. the pound packs a punch. hopes of progress in brexit talks give sterling a buse ahead of the bank of england rate decision. credit suisse misses estimates buthird quarter revenue, the ceo says the company's investment bank is doing better than rivals. >> the focus on wealth management hasn't hurt. on the contrary, our investment than theoing better overall investment bank. that is very comforting. matt: less than a half an hour from the european open. see europeaning to futures down across the board after the kind of trade we saw in asia overnight. the nikkei was down, but up.ywhere else was now we see european futures pointing lower. ftse futures, though they are substantially lower than the continent, but the major indexes in europe, western europe, are down. look at treasuries because we see this yield coming up, up, up as investors let go of the paper. need foro

anna: i love that chart.cinating because it shines a light on why it is difficult to work out what impact higher oil prices have on the u.s. economy. dani'sng to go with charges because i do have a slight bias with stories to do with brexit. a short squeeze in the pound making things more interesting. thank you for your charts. we remind you that you can check out all of the charts at gtv go. maker says it is eliminating rolled by the end of this year. we will stay to the ceo next. this is bloomberg. ♪ anna: welcome back to bloomberg markets. this is the european open. 50 minutes into the trading day with stocks turning higher. nordic says it is cutting about 1300 employees amid pricing pressures in the u.s.. the drugmaker raised its forecast by four percentage points. thank you so much for joining us. let me first ask you about the u.s. situation. we talk about this every time you come on, since donald trump came into office. what is pricing pressure like there. on the one hand, you have the president pushin

well anna clark, there are stories that come over our transom, and they burn brightly, and then they go away. the flint, water story is one of those. remind us, how did it all begin? >> well in some ways it began just a few years ago. in others ways it began decades ago. the short story is that the city of flint, michigan, it had been getting its water from the great lakes through detroit for more than 50 years. in april of 2014 it switched its water source. the new swatter source was not treated properly, and that resulted in a number of water problems including the corrosion of the infrastructure, the pipes that the water passed through that were typically made of lead. this led to the entire city being exposed to lead through its water source, there was also a two-year outbreak of legionnaire's disease, which killed people. a type of pneumonia, it went on despite the fact the community was registering their countries with the water from the very beginning. they were dismissed and belittled for more than a year and a half before there was any response. >> why did april 2014 happen,

anna: let us have a look. there was a shortage of individual stocks stories, i suppose, not quite as much corporate reporting. this is what we see -- at the there is a lotd, of company-specific news flow x, a business that operates the biotechnology sector in the netherlands. we have international consolidated airline up five print one 5%, there is performance for them. %.had of the open -- 5.15 power, mentioned paddy made a good guidance this morning. annette also think a logistics also up. kering, arepean equity markets opening pretty positively come 1%, following a positive day in asia after trade talks between the u.s. and china. president trump has reportedly asked his cabinet to draft a possible deal ahead of this month g20 summit. he said yesterday that the phone call was positive. joining us in london is mark phelps, ceo of consolidated global growth at alliance bank. let us get your thoughts on these overnight developments around trade. we have the positivity coming from president trump, suggesting on

his friend anna had been there on occasion. >> i went over to his house. didn't know his parents very well. i talked to his mom a couple times, but i didn't really have much conversation with them when we were there. >> little was known about his parents, and charlie didn't offer any details if someone asked. if he had secrets, sorrows, they weren't for the outside world to know about. >> he's very good at like keeping his emotions in. >> i have no idea what the home situation is like. i didn't know before, and i don't know now. >> other than a few 911 dispatchers, and a few town officers, the wider community certainly knew nothing about the whispers of domestic violence on coachside lane. >> it's a tough part of his life. >> the record is still sealed, but it's safe to say the tan house was known to authorities. go back to cornell. it's winter of 2015 and charlie is now a sophomore. on a chilly thursday morning he stopped in unexpectedly to visit his football coach. there is a softer side to this coach than drills and xs and os, and his kids know he'll al

anna and her dad had seen the smoke, heard the warnings. >>he was stubborn. >> reporter: gordon dice had linked in this neighborhood for 40 years. there had been other evacuations. he had never left. he wasn't leaving this fire either. then the fire was upon them. >> it was so fast. i didn't expect it to be that fast lr by the time anna and her father did decide to pack and leave, it was too late. and still something compelled gordon to enter the house one last time. anna wait behind the wheel of this car. >> i honged the horn and the kitchen collapsed. i tried to get in the car and drive out, but the tires had melted. >> she had to run. she would take refuge with the family dogs in a clearing. she kept wet in a neighbor's pond all night long. >> i could hear the trees going up and falling and propane tanks exploding. >> reporter: when the sun rose, so did anna. she has not been back. her mother died two years ago. now presumably her father. >> i'm not sure how to cope with both of them being gone. >> reporter: in butte creek canyon, abc 7.

anna:es, good morning to you. she is taking her sales pitch directly to the people. that's clear. she's written letters, appeared on radio: shows, tried to convince the people. could hundredand 25 mps. -- 325 mps. they don't like the deal. the numbers do not look good. should the real question be, how many votes will it take to get this deal through parliament? that makes a lot of assumptions. it's possible to imagine future scenarios. a vote against her leadership, the government, the general election, although the numbers are hard to work out, a second referendum, or hard brexit. all of those things remain on the table. even between now and christmas, the path remains unclear. nejra: the eu has said there will be no renegotiation, but if parliament does a vote this down, is there any wiggle room? anda: this is brussels nothing is agreed until everything is agreed. but this is as good as it will get. there will be no negotiation. au leaders believe it's up to the u.k. parliament. the head

but anna take us significant weekend.ut anna take us to the daily telegraph into a different story this time. this is the metropolitan police speaking out about the fact that they feel they have been abandoned by the politicians. there are two really interesting aspects to this. obviously this interview with the commissioner comes in the context of 120 stabbings taking place. this explosion in knife crime and the full story has a lot of graphic detail the wider story, very focused oi'i detail the wider story, very focused on london with this issue but we're seeing vast increases across the whole bunch of cities in terms of not based attacks. the main point being offered by the commissioner is she feels there are several tools the police need. why they want for her it is this use of facial recognition software. she will so be able to roll it out much more broadly and she thinks it is vital in theirarmoury but broadly and she thinks it is vital in their armoury but she does also go for a veritable point as well which is to

. >> hey, anna. well, this area is under mandatory evacuation orders. in fact, there is a wide, wide swath of suburban los angeles that is currently out of their homes because of the fire. you can see some of the damage that came through. we're in malibu, california. about a mile from the ocean at point doom. >>. >> the power lines are partially melted down. there's really not much left at all. you can imagine just how quickly and how hot this fire was when it came through late yesterday and into the early hours this morning. they're now 75,000 plus acres that have been burned through by this fire, and, of course, it's growing. what seems odd is you can just look over to the left here, some of the homes are completely destroyed, and then others are still standing. there are no residents in this area because, obviously, they are still evacuated, but we were in oak park yesterday, and we spoke to one woman who lost her house. she was the only one or one of the only ones on her block to lose her house and we spoke to her yesterday. listen. >> i'm glad that