we have someone from the bank of international settlements for an exclusive interview. ll talk to him about the banking sector and some of the risks. let's get to the bloomberg first word news with taylor riggs. taylor: bill gross sees demand from overseas investors. he tweeted lack of foreign buying at these levels likely leading to lower treasury prices. his comments come at a particularly tough time for bond bulls. u.s., the white house has received the fbi report on allegations of sexual assault against supreme court nominee brett kavanaugh. that comes as senate republicans have started the clock for a make or break test vote tomorrow on his nomination. if that succeeds he could be confirmed during the weekend. italy has said the tears deficit targeted at 2.4% of gdp with a commitment to reduce in 2020 and 2021. this comes after pressure from italy's finance minister to contain the ruling coalitions spending request. the government still has not published the economic growth forecast. the government says those details will come today. the u.k. prime minister's offici

debt number keeps going higher and higher so as you point out it's all optics on the bank of international settlements which is the central bank of central bank report that fifteen percent of all u.s. corporations are zombie firms on the able to cover their debt servicing costs from the current profits your thoughts on what's happening here well i think we're living in a land of you. made it by humans are still flicks we don't understand. so the problem with wall street right now is you go to many people borrowing the same crew treats the e.t.f. trade is a guru true you know it's like a roots more to get in but there's no way that when syrian regime speed. don't understand valuations i mean you've got some ridiculously priced stocks lately i think we've got a couple charts here going to church of him isn't that you can take a look at amazon is a true in dollar company but they don't make any sort of profit which is necessary if you're going to maintain that kind of valuation so anybody who's buying amazon the most crowded trade in the world last year you know i think that's going to end very very badl

bank of philadelphia president patrick harker. peace up, italy's offering to the european union. ater, the general manager of the bank of international settlementsnd former mexican federal bank chief. this is bloomberg. ♪ >> the u.s. 10 year yield is above 3.2%. s&p 500 flirt with records yesterday. s&p futures pointing lower. let's go to the bloomberg business flash. signs thegrowing money laundering scandal to hit bank represents a small slice of europe's dirty money machine. there was as much as $235 million of nonresident flows 2015.n 2007 and this represents less than a quarter of cross-border transactions that passed through the country. monthlys eliminating bonuses and stock awards for warehouse workers, coming after the company pledged this week to raise pay to at least $15 per hour. giants for the e-commerce were eligible in the past four incentives that could total hundreds of dollars a month. andon says operators customer service step -- staff will see total compensation in proof. giant ceo says test models will be in the air next year, in an exclusive comment to bloomberg from boeing. flying theseto be vehicles within the coming year

haidi: the bank of international settlements, as well as the other institutions, have been warning aboutlity of a global downturn. bas is interesting area in case of the next financial crisis, central banks don't have as much of a buffer space to really meaningfully react. is that a risk at this point? bob: i think if you look around the world, the u.s. economy, as we mentioned in your last segment, is doing extremely well. i think it has a chance to continue the current pace of growth, or 3% to 3.5% well into next year and beyond. capital spending in the u.s. has been very strong the last several quarters. with the incentives in the tax bill and the age of the current capital stock, that will continue. consumers are practically the most confident they have been in history. consumer spending will be fine, the labor market is on fire in the u.s. i think the u.s. and india, which is also an outlier in global growth, they are certainly going to be able to keep global growth at a decent pace, at least well into next year. haidi: on that positive note, we will leave it there. bob hour, chief

the rise of the zombie corporations percentage keeps increasing b i s explains why zombie firms are on the rise and survive longer this is according to the bank for international settlements the central bank of central banks and by the firms they mean that firms that are unable to cover debt servicing costs from current profits over an extended period and they now say that globally the number of zombie firms is over twelve percent but in the u.s. it's approaching fifteen percent of all firms cannot meet current debt cost from current profit to discomfort from zombie banks to have a zombie bank plague as spilled over to zombie corporations what is a zombie bank is on the bank is a bank best technically insolvent it's kept alive by bailouts continuing rolling bailouts from the central banks because of their friends in the other the banks the commercial banks the.

the rise of the zombie corporations percentage keeps increasing b i s explains why zombie firms are on the rise and survive longer this is according to the bank for international settlements the central bank of central banks and by zombie firms they mean that firms that are unable to cover debt servicing costs from current profits over an extended period and they now say that globally the number of zombie firms is over twelve percent in the u.s. it's approaching fifteen percent of all firms cannot meet current debt cost from current profit to discomfort from zombie banks ok the zombie bank plagued as spilled over to zombie corporations what is a zombie bank is on the bank is a bank that's technically insolvent it's kept alive by bailouts continuing rolling balance from the central banks because of their friends in the other the banks the commercial banks the lloyds that h.s.b.c. the b.n.p. the citibank they're technically insolvent but they're kept alive even though zombies too is a perpetual rolling of bailout they call quantitative easing or some other name that they come up with every few months this is spilled over now to the general economy and the corporations liste

well the rise of the zombie corporations percentage keeps increasing b i s explains why zombie firms are on the rise and survive longer this is according to the bank for international settlements the central bank of central banks and by zombie firms they mean that firms that are unable to cover debt servicing costs from current profits over an extended period and they now say that globally the number of zombie firms is over twelve percent but in the u.s. it's approaching fifteen percent of all firms cannot meet current debt cost from current.

over the years hundreds of thousands of israelis have moved to the west bank and the stablish settlements it's illegal under international law and it's often at the expense of palestinian homes. see. that's part of the canister they take it off and then. just explodes sometimes bullets fell from them. and we pick them up and then take the thing inside them just through it and then make it a necklace to have on their clothes i had one yeah and i gave it for i had in the season. we have here fifteen houses who have orders for being in the area see. so this is temporary is considered to have to be absolutely yeah but like when we go out today we're divided like. we like there is a map that we know the lands here see the guest room of. fortunately the people who were living there they were in the u.s. so yeah they moved yeah come here you can see the yellow tape. that is the checkpoint that's a tower. you know here's a so many. consider clearly you know it looks commander say that it looks completely different the houses there look a little different to the houses here yeah see we have water tanks because we have water probl

international observers including the un say that the forcible move of its population violates international law critics also say the surrounding settlements could expanded around jerusalem and effectively cut the occupied west bank into two. the residents don't want to move israel has offered to relocate them to another site not far away from a garbage dump. to iraq now where there are fears that the recent killings of a number of influential women may be linked last week a women's rights activist was shot dead outside a supermarket in the city of basra face later social media star with millions of followers was gunned down in broad daylight social media is jarid read east. what's going to fulfill you just mention two of the people who've been killed recently but actually they've been for since august and people are starting to worry in iraq that there might be some sort of coordinated campaign underway to try and silence prominent women particularly women who have bucking the conservative norms in iraq firstly i want to tell you about farai she is a former beauty queen who built an enormous social media profile almost three million followers on instagram and what she was posting was pretty typical for any kind

bank has agreed to pay forty million dollars to u.s. financial regulators as part of a compliance settlement the new york department of financial services said the bank failed to fully comply with laws designed to combat international knowledge laundering it said that during the past two years russia expansive new york processed millions of dollars worth of transactions for customers in high risk jurisdictions meshwork which is the u.a.e. oldest and largest lender said that its working with regulators winter is coming those were the words of indonesia's president joko widodo this week he was speaking before the worlds finance ministers and central bankers at the i.m.f. world bank meetings in bali widows said growing rivalry in the world's economy is becoming more and more like game of thrones referencing the h.b.o. t.v. series more than once the i.m.f. cut its forecast for world growth for the first time in more than two years this week the end blamed escalating trade tensions it also warned that a sharper than expected rise in interest rates could accelerate. pittel flight from emerging markets. as a barber was also at this week's i.m.f. and world bank meetings the government there got approval for a plan to pay b

international observers including the un say that the forcible move of its population violates international law critics also say the surrounding settlements could expand around jerusalem and effectively cut the occupied west bank into two. the residents don't want to move israel has offered to relocate them to another site not far away from a garbage dump. the all star christiane the rinaldo is being sued in the united states by a woman who claims the portuguese player raped her in two thousand and nine she says the assault occurred in rinaldo his penthouse suite in the last vegas palms hotel the woman bringing the case is a team of the players quote fixers tricked her into keeping quiet for a payment of three hundred seventy five thousand dollars or no although denies and he has salt and says the allegations are fake news. now to some real football and by a munich are coming off a bad bonus legal week being drawn at home to oregon last berlin on the road they hope to find their groove against in their champions league match tonight but they face a stern test against a dutch club with a deep history a chance. when it rains it pours the clouds are hanging over byron munich after a bad spell and the mood at trai

palestinian bedouins from the village of khan al-ahmar in the occupied west bank to make way for the expansion of two nearby jewish-only settlements. israel has come under international pressure from the united nations and the european union not to demolish the village. earlier this month, a prosecutor with the international criminal court said the planned demolition could constitute a war crime. a migrant caravan making its way to the u.s. border from central america, crossed into mexico this weekend amid ongoing threats by president trump. hundreds became stranded as fences blocked their injury new mexico with some spending the ninight on the open air bridge. many eventually resorted to swimming or crossing the river in makeshift rafts. all the reports of clashes with mexican forces of the guatemala-mexico border emerged over the weekend, the caravan is estimated to have topped 7000 people as it continues to make its way north. this is honduran migrant mario. >> we ask the government of this country to give us a hand, to allow us through. it is very complicated in our country. honduras is complicated. we really don't want to be there. that is the truth. the poverty

the occupied west bank village to make way for more settlements a move which has sparked international condemnation felisa broken up demonstrations in barcelona on the first anniversary of the catalan independence referendum as night fell there was a standoff on the streets of the city which is the capital of the semi autonomy scotland region catalans voted for secession in last year's unofficial referendum but it was ruled illegal by the government in madrid the un's highest court has rejected a request from bolivia to order chile to negotiate over giving it access to the sea but libya's president ever more on this travel to the netherlands to attend the hearing at the international court of justice those are the headlines that stay with out as they are at mine a.j. area is next more news in half an hour see you tomorrow night. and monday put it well on the. u.s. and british companies have announced the biggest discovery of natural gas in west africa but what to do with these untapped natural resources is already a source of heated debate nothing much has changed they still spend most of their days looking forward to for the dry river beds like this one five years on t

kind of lama were told to pack up and leave by midnight on monday israel wants to demolish the village in the occupied west bank to make way for more illegal jewish settlements honesty international says it's a war crime to forcibly remove them are a force that has more from qana lama. well he has seen many deadlines come and go in the past it has managed to cling on to his existence by various legal challenges in the past but those legal options have now all been exhausted and this latest deadline by which the israeli army had given the residents of this village until the end of october the first to demolish their own structures has now passed so it does now appear to be just a matter of time until israeli forces come in that is certainly the message that we're getting from villages here themselves we spoke to one family and the the grandfather of that family saying that this time it did seem different the grandmother saying it was incredibly difficult having to put her grandchildren to bed and having them come to her asking her is tomorrow going to be the day that the israeli forces come and from now on any morning could be that morning when they do come in and start to take th

of a nearby settlements. real estate prices are cheaper in the west bank and some say that's why many jewish people move here though they claim they're just returning to their holy land even though the international community says all settlements are illegal israel points to the all so many laws most wants which states that any so-called dead or cultivated land for respect to the empire whoever is in charge which is now israel so sure both are useful to the flu i know i don't know how i feel a lot of your how did you learn to feel for your own sheered off of. the adults here are very careful with soldiers at the moment and try to keep their kids out of the way as much as possible don't know. too many. hours and changes of plan i had in her motherhood were released at the not the sauna checkpoints i'm not sure the anticipated such a welcome and the israelis were clearly not happy about how much attention the case had received. turned seventeen and behind bars. we would love to live in the us but the little growing on the about that we were to have been to the property how before i know who. i now because i couldn't miss what i you know meanwhile another side of one of my dorsey and the. oldest tal

of a nearby settlements that. realistic prices are cheaper in the west bank and some say that's why many jewish people move here though they claim they're just returning to their holy land even though the international community says also settlements are illegal israel points to the ultimate a lot more wants which states that any so-called dead or cultivated land reverts back to the empire of whoever is in charge which is now israel associate both of you will evoke the flutist i know any i'll feel a lot of your how did you learn to feel. pluck you know sheared off the i don't love me it's. adults here are very careful soldiers at the moment and try to keep their kids out of the way as much as possible after a little. too many hours and changes of plan i had and her mother were released at the not the song like checkpoints i'm not sure the anticipate it such a welcome and the israelis were clearly not happy about how much attention the case had received i had turned seventeen and behind bars i. had the one i love when this about the little girl you know you don't hear about that you are going to look out for the house before i know who. it was what i you know meanwhile another side of one of my dorse

occupied west bank to make way for more settlements and move which has sparked international condemnation imran khan has more now from our in the occupied west bank this is the village of qana which has been given until the end of the first of october to demolish all of these houses it was a notice given by the israeli army and they say if the residents don't demolish these houses that they will come in and demolish them after this high court order was given in the beginning of september but let me just show you this over here this is what residents are telling me is a cesspool of waste coming from the nearby settlement the israeli israeli settlement into the valley next to where the people are the residents here say it's actually part of a campaign of harassment by the israeli settlers against the village themselves that's quite impossible to tell where that waste water is coming from but the residents tell us every night this fills up with waste that they say is coming from israeli settlements imran khan reporting there were palestinians have been expressing solidarity. as part of a general strike organized in protest at israel's nation state law schools stores and o

front of the whole are told to pack up and leave by monday night israel wants to demolish the village in the occupied west bank to make way for more illegal jewish settlements amnesty international says it would be a war crime to forcibly remove them and one can as more details from santa last march. the deadline came to an end at midnight and now palestinian bedouin residents of. are waiting for the bulldozers to come in supported by the israeli army no one knows when that's going to happen it could happen any moment soon now activists are of across israel palestine and the world are meeting in this what they call the solidarity tent to show solidarity with the residents of. let me just show you that's the school over there now that's really where all of this started right wing israeli settlers brought a court case to the to the court saying that that was a permanent structure that led to a ten year battle to try and get it demolished. the residents were lost and so that school has to be demolished as well as the village that's the village down there so when the israeli army with their bulldozers do come in eventually what they'll do have to do is come in. through a little tunn

that the forcible move of its population violates international law critics also say the surrounding settlements could expend a round two. them and effectively cut the occupied west bank into two. the residents don't want to move israel has offered to relocate them to another site not far away from. our correspondent tanya kramer reporting there you're watching the news still to come we meet the silver haired d.j.'s broadcasting golden oldies and making the lives of other seniors a little less lonely. but first it's one of the most radical shake ups that a german blue chip in decades counts and so i assume he still. says it has managed to steer clear of leadership and strategy crosses that often supervisory board filled its two top management posts late on sunday and approved plans to split the company into the gulf was approved as the new c.e.o. for the next five years we'll hear from him in a moment to find out where he plans on taking the company which has faced months of turmoil. this is how a german industrial giant to some corp likes to present itself innovative with an eye to the future but the steel and industrial nice steel began to flood world markets tis in

occupied west bank to make way for more settlements a move which has sparked international condemnation macedonia's prime minister is pressing ahead with a parliamentary vote on changing the name of his nation to northwest so though nia that's the spy the low turnout in sunday's referendum which wasn't enough to force the issue now he's hoping to end the long running dispute with southern neighbor greece which has its own region called macedonia summit a year ago has more. a result marked by change is macedonians who took the time to vote to change the country's name to north macedonia did so by a landslide enough says prime minister's arens i have to go ahead with the decision not me yes. i know the opposition and all the citizens know there can be no better agreements with greece there is and they come be no alternative to macedonians membership of need to an e.u. let's not play games with no unity and all must. despite the applause and the defiance the vote was to all intents and purposes a nonstarter only a third of the country's electorate voted meaning the referendum didn't meet the requirement of a fifty percent turnout many stayed away after nationalists campaigners peopl

heart of the mob were ordered to pack up by midnight on monday israel wants to demolish the village in the occupied west bank to make way for more illegal jewish settlements amnesty international says it's a war crime to forcibly remove them u.s. president donald trump has hailed the new us mexico canada agreement as the most important trade deal in america's history it will cover one point two trillion dollars worth of trade all three countries according to when the white house as ordered the f.b.i. to expand its investigation into sexual assault allegations against u.s. supreme court nominee brett kavanaugh president trump had been accused of trying to restrict the inquiry on friday the senate judiciary committee now only voted to advance cabin his confirmation to the next stage trump says the f.b.i. should talk to if they wish but finish by this friday and the front singer charles has died at the age of ninety four and sold more than one hundred eighty million records and a career that spanned seventy years as never was best known internationally for the nine hundred seventy s. hit she and the old fashioned way. all right well those are the headlines the news continues here

heart of lamo are told to pack up and leave by midnight on monday israel wants to demolish the village in the occupied west bank to make way for more illegal jewish settlements amnesty international says it would be a war crime to forcibly remove them. ron han joins us now live from hartnell amada so the village still stands but i guess residents must be very anxious about how long it will stand for. that's absolutely right they're very very concerned about when the israeli army might come in to do those demolitions is going to be a very big operation and when they do come in let me just show you the levels of. solidarity people are showing here that's actually the solidarity tent right there that's where people from israeli community from the international community from. various other delegations come and show solidarity with the residents of now that's the school just there that's really where all of this started a decade ago right wing israeli settlers said that that school was a permanent structure and therefore illegal and that sparked and the ten year battle to get the residents of. removed now when the demolition takes place it's likely that it's going to come from over t

settlement in the west bank. obama included palestinian recognition of israel as a jewish state as a new u.s. per am ter for israeli/palestinian peace. obama said, quote, what america and international community can do is to state frankly what everyone knows, a lasting peace will involve two states for two peoples, israel as a jewish state and a homeland of the jewish people and the state of palestine as the homeland of the palestinian people. each state enjoying self-determination, mutual recognition and peace, unquote. mutual recognition wasn't simply recognition of political borders to obama, but the recognition of the identity of the people within those borders. what obama overlooked, however, was the fact that 20% of the population of israel was not jewish and what that recognition would mean for their rights. in december 2016 secretary of state john kerry during his outgoing speech on israel/palestine speech reiterated obama's words. he based the two states on u.n. general assemble resolution the partition plan which recommended the creation of a jewish state. secretary kerry claimed that, quote, recognition of israel as a jewish state has been a u.s. position for years, unquo