today's number from barclays, very strong. we are going to hear from jes staley a little later in the program, our interview from early round. the pound bouncing around all over the place. we were into $1.31. i think this is broad dollar strength rather than anything else. take a look at the bloomberg dollar index. alix: rising covid cases impacting the economic data. composite pmi for the euro area dropping below the 50 mark, which shows contraction. meeting.o ecb's next joining us is john hardy, saxo bank head of fx strategy. does $1.18 make sense for when you consider the rising uncertainty? john: of course, the pressure should be on the downside given the covid resurgence. i think the general take on the could be that if we are seeing this democrat sweep scenario, we are positioning for a weaker dollar for some time in the future. anything looks fair between $1.17, and to me, this is the upper area of where we should be. we shouldn't be doing anything and euro-dollar until we get a good look at how this election turns out,

i mentioned the conversation with barclays, barclays posting strong trading revenues.ng you some highlights with our interview with the ceo. that's next. as renault and daimler gain, we'll break down whether there is a tangible auto sector rebound in europe. this is bloomberg. ♪ anna: welcome back to the european market open, european stocks open just a fraction, up .2%. a couple heavyweight sectors adding to that, the banking sector doing well, barclays up to .6% on the back of its numbers. we've got the auto sector doing well, .7%. renault moving to the upside, daimler moving to the upside. both of those have been talking to the market. let's get more details on barclays. the making business posted strong revenues as the bank traders thrive on pandemic driven volatility. that helps offset headwinds in consumer business. ceo told us about the risks in the market. >> the challenge for all banks, but particularly here in the zero is a sero-or quote -- or close to zero banking environment that relies on assets. a lot of our banking services in the u.k. are for free. gett

of b.s.e.l, the company that manages the barclays center.t just became very appar to us that there was a real need for the ty to open up more voting places, more early voting places. and we had this magnificent facility here, lots of sare footag as you could ll, very, very centrallyocated. >> reporter: this all comes in part after the summer saw organized and sustained calls for police rorm following the death of george floyd. abbandi says barclays approached the new york board of elections in june afotests erupted around the city. other stadiums across theco try became available after a delayed n.b.a. sea august,lready following the shooting of jacob blake. as part of the negotiations to return, the players union asked that franchise-owned and operated arenas beverted into voting facilities, whether for early voting and on election day. actually in june dtheere was protests outside of the facility. >> we welcomed the role that we played this summerhen people felt that this was place tome nd express their point of view and advocate for socia

another strong quarter for traders at barclays.currency23% jump rates and credit income in the third quarter. that helped barclays beat earnings estimates, taking a smaller impairment charge than its -- than expected. bloomberg's emily chang sat down with silicon valley veterans to promote the hit movie "the social dilemma they discuss the impact of social media on society. she asked about the creator of one of those sites. >> there is a lot of negligence. each company is different. personalities are different. i think that even if they were as enlightened as they possibly could be, when they speak, they sound like hostages trapped in a hostage video. where nothing that hostages saying makes any sense until you see the person offstage holding a gun to their head, which is their business model. ritika: you can watch that complete interview tonight on bloomberg studio on bloomberg tv. that is the latest bloomberg business flash. tom: thanks so much. on a friday, not a jobs day friday, just a friday-friday, and sort of quiet. almost a

barclays reports third-quarter results amid the pandemic today.nvestment banking revenue should offer reprieve. we will ask jes staley what is left for him to do at the bank. just gone 6:00 a.m. in the city of london. very good morning to you. if you are just looking up in tennessee, there was a much more composed and coherent debate, a contrast to the chaos that ensued in the prior one. the first topic was the coronavirus, which is once again taking center stage in europe as well with cases soaring. that is the news. let's take a look at where we trade this friday morning. no massive moves in the market. investors are digesting the second debate, digesting the stimulus up in the air out of d.c. we are 11 days away from the u.s. election, but remember, votes already actually underweight. more than 40 million people have already voted in the election. 0.84%. year yield, curves are steepening. investors are men confident that stimulus is coming at some point . we have a slew of pmi data today. that will be crucial data we are going to want to watch.

barclays has another strong quarter. bank's securities division rates and 23% jump in credit-rating income in the first quarter. the british bank also benefited from a pickup in mortgage demand , swinging back to profit. jes: we are ready to manage negative interest rates we would rather not target our clients with negative interest rates. but we also have to manage the integrity of the bank. i think it is important that central banks keep in their wallets the ability to use negative interest rates, but i personally believe here in the u.k. it is not likely. ofgh-ann: now, the cfo french hotels group has told bloomberg that doing deals is not a priority and that the company is not in talks with rival intercontinental. a call reported a 6% drop in third-quarter revenue per available rooms. that follows and 88% fall during the second quarter, but accor says the words of the coronavirus crisis is now behind it. and that is your bloomberg business flash. annmarie? annmarie: leigh-ann, thank you very much. the u.k. has signed

that helped barclays beat earnings estimates.also took a smaller impairment charge than expected. wells fargo is exploring the sale of its asset management unit, according to a person briefed on the matter. the division could fetch more than $3 billion. that is your latest bloomberg business flash. alix: thanks so much. time now for futures in focus. we are taking a look at bitcoin futures. i should point out that bitcoin futures are a really small percentage of what actually makes up going trading, but -- makes up bitcoin trading, but what we are seeing is interesting. we have a chart that shows open interest and price. typically, if you have the moving together, that tends to mean some thing like organic demand, a new long coming in. are able to break out more? marks, soese $13,000 you could be in overbought territory. guy: technically i am told we are in overbought territory, but this is bitcoin, so who knows? but the logic is certainly there, as we city government debt levels around the world going up and up at a rapid rate.

steve barclay.asury committee were given an insight into the challenges facing the hospitality industry with new restrictions on meeting up and pubs a nd restau ra nts shutting at 10pm. even before those restrictions were imposed, an industry survey painted a bleak picture. a quarter of our members said that they would be closing premises, for individual sites, there will be their entire business and for others it will be a significant proportion of their estate. when we asked the survey was done just before we latest round of restrictions comes only about a week and a half since it was published but it is already out of date. the anticipated number of additional redundancies by the end of the year was 560,000. so, that was out of the ones that were on furlough. we are doing that survey again and will share the data with the treasury committee when it comes out. the anticipation is that number will be far higher now as a result of the local restrictions the national constraints on working from home.

stock up 3%. >>> barclays closed higher, 7% on the european trades up about 5% on the u.s. adr at the moment two reasons for that company beating. banking performance and lower long loss provisions two themes clearly that applied to u.s. banks this quarter of course as well but i think the interesting thing is if we map here year to date performance alongside the u.s. banks, the kbw banks up decks is how similar the share price performance has been i mean even after toss's 7% jump for barclays still a long way behind where we were in june which was also the last time cyclicals here in the u.s. had a big bans, as we were discussing with mike last block and barclays, kinds of like jp morgan, bank of america, citi group, while it has an investment bank is more reliant on the yield curve, albeit the uk yield curve and is down 38% year to date just that year to date performance, so similar in terms of the shape of the chart, and some similar factors at play, sara, for barclays as some of its commercial banking peers here in the u.s. >> yeah, the most common thread is zero intere

, we've halved the last quarter performance, up 6.5% and i spoke with the boss at barclays and he isretty happy because a lot of things are moving in the right direction. we saw with goldman sachs and others that their markets, their vision going well. and equities up 40% as well. fixed income currencies, up 3.1% and in the world of zero interest rates, the net interest margin is key on both sides of the atlantic barclays is still making a interest margin, name, of 2.2% and that is quite respectable. >> it certainly is have a great weekend >>> back home, a new development in the fight against the coronavirus. leslie picker has that story and among other corporate headlines. >> good morning, gilead says the fda has given a green light to its drug rechl oig fnminbcomme treatment of those who require hospitalization. it was also one of the treatments that president trump received when he contracted covid just a few weeks ago you can see there shares of gilead up 6.8% in pre-market trading. wells fargo is reportedly exploring a sale of its asset management business, the possible sale wou

what are the companies involved in this new revolution >> barclays looked out ten sectors and said number otrillion annually required just to support the growth of our cities for infrastructure spending and smart infrastructure is a huge push there for instance, in building automation, think about honeywell and johnson controls think about a building that has all of its lights on but nobody is there thatcollected. of course the backbone of all of this is semiconductors so names like texas instruments and nvidia they're the ones that power the internet of things they're the ones that are everywhere from our traffic lights to smart trash cans that can reduce the number of trash collections. things like software processors. so microsoft and palo alto networks >> i love it smart trash cans i love it. i urge everybody to read your piece on cnbc.com. i thought smart trash cans if we could only get the trash picked up in new york city, that would be the smartest thing we can do. i love the article pippa, thank you very much take care. >>> wonder if we'll have smart rats to go with the smart tras

that is on the front page of the sunday telegraph, comments made by stephen barclay who irememberwasbarclay who i remember was the brexit secretary who was now being downgraded to a junior treasury minister. we do not hear from him very often. he's made some comments at the virtual conservative party conference today about airport testing and looking at the with the germans do it, which may be more efficient than our idea of to be quarantine. that will take us of to be quarantine. that will take us quite nicely onto the front page of the star. stanleyjohnson photographed an airport, creek airport without a facemask on and what did you make use of the picture ain? what did you make use of the picture again? was he having to remove the mask because he has to move his lips when he was reading the words of this book. i don't know. also, i wa nt to this book. i don't know. also, i want to know which greek island he is on because some of them, you do have to quarantine when you get back and so, are you going to spark photos of him and some chemist next week when he should be at home isolat

steve barclay.m poor backgrounds the least likely to stay in education and move up the income ladder? the education committee is trying to find answers in a sometimes controversial area. they heard that those children had been overtaken academically by most other ethnicities on low incomes, with only traveller children doing worse. the statistics for children who went on to higher education were stark. the figure for white british kids is, for boys, 13%,forgirls,19%, and is eclipsed by, for example, chinese kids on free school meals, 66%, for black african boys on free school meals, 51%, pakistani boys on free school meals, 42%, and so the differences are enormous. i'd really like you to be as open as possible on this because, often, people refuse to discuss it. why is this the case? why is there this under attainment by disadvantaged white working—class boys and girls compared to many other cohorts? i think in our elitist, exclusive curriculum does not work, as i say, well in enabling working—class

friday barclays. next week, deutsche bank, redit suisse all report. dani, could this earnings season be the catalyst to turn around european bank shares? we're seeing a strong start. >> it is part of the reason according to strategists is that the bar is set so low. european banks have lost more than 40% so far this year. according to barclays strategists, they say european banks are too cheap to ignore. the market at the moment is really pricing in too much of what's happening with the coronavirus cases and perhaps banks are a little bit more protected than market is saying. but the issue is if you're expecting european banks to really be the standout like we saw in the u.s., the market is too fragmented to have results like we saw. if we look at the market share that europe has versus the u.s., europe is such a smaller portion. really when it comes to all of the big segments, the u.s. in orange here rsh, it is much larger. this share that europe has continues to sh shrink. it hasn't been european banks that have been taking the share. it is the u.s.

what is your upside on the barclays treasuries index? it is seven times 50 basis points. it is 3.5%. after that, you are in trouble. look at what we saw for german bones -- german bones during covid -- german bunds during covid. that is what i set out ok to's were losing sleep over. at where we are in diversification, and it still comes back to technology weight in equities. how does t. rowe price suggest you manage away from the technology weighting, or do you just live with it and say it is a new era? we like both growth and value stocks. there is a view that we are near tech bubble valuations in technology and growth stocks. i disagree with that view. you have to adjust for the fact that those companies with digital business models are doing very well, and have very big and growing revenues, but nonetheless, at this point, while we like both, we are starting to lean towards value. it has underperformed growth by 35% year to date, so you do want to take profit and some of those large cap tech names. and lets the about the election outcome. it could favor infrastructure

did a great quarter barclays and we saw the yield curve work yesterday in favor of the banks, might be continued move and then daimler a good -- daimler had a good quarter i don't know how that's possible maybe chinese salesbecause a lot of the business in china, but we have a carry over from europe that is very, very strong i think david that sometimes you get a reaction from europe that shocks you and barclays being good at a time when the yield curve is bending in the right way, makes people excited about a group that has been very down and out and daimler, i think the autos are running here >> yeah, it is interesting europe is now, you know, obviously dealing with a resurgence of the virus. we haven't talked about much we hit our highest number of cases was it ever, i think maybe we set a record. >> yesterday, yeah. >> 73 or 77,000. sorry. >> 77. almost 78. and that surpasses the late july high >> so it is interesting, jim, that we're seeing that it was obviously a good amount of time was spent on it yesterday in terms of this perception, well, is it lockdown versus not lockdown

the barclays center tweeted out a bunch of photos, saying, "hey, look at us!t we'd be enjoying cookies with paul rudd after voting in bk. yukio hatoyahat #had the makehi" i'll let you decide if it's paul rudd or the cookies you'd refer. >>> halloween, meanwhile, may look different this year, but it isn't stopping people and some furry friends from getting into the spirit. a recent survey conduct ed by the national retail federation found that 18% of people planning to celebrate halloween this year also plan on dressing up their pets. 18%. guys, come on, let's get it the higher than that. we here at "way too early" are definitely part of that 18%. last year, line producers adam's dog, tie, went as a beanie baby. hi, tie. our graphics producer, olivia's dog, gracie, who lives in michigan, where it's already winter, scoring her best hat and scarf combo, and ally's baby, norman, will be a dinosaur for his first halloween, to show off what a little, lovable monster he is. hi, norman! very exciting. happy halloween, you guys! i hope everyone can get out, at least, a

the barclays center is one of the few spaces that has the space for thousands of vote attorneys safely cast their ballots indoors while still following the cdc social distancing guidelines and right now that face is desperately needed because we're enduring a surge we haven't seen since july with cases on the rise in about 80% of the united states. this morning, doctors and medical officials warning a fall coronavirus surge is blanketing the united states. >> it is frustrating to me to see all these people that are really suffering through this disease. >> reporter: this week 39 states reporting rising hospitalizations with 14 hitting record highs. illinois' director of the department of public health breaking down announcing her state's staggering caseload. >> for a total 364,033 since the start of this pandemic. excuse me please. >> reporter: chicago trying to cut off the damage with a curfew ordering nonessential businesses to close at 10:00 p.m. >> my biggest fear is that we won't get a control on this thing. i mean this is spiraling again out of control. >> reporter: in montana, c

another potentially lucrative market but it's not so easy researchers are working hard to make these barclays feel and taste convincing. in the source can't own a valet research is that the universe. city of applied sciences are trying to figure out the best ingredients for meat substitutes michelle by if i experiment with various plants he's looking for something protein rich that provides the right flavor and fibrilation. the soonest the goal is to generate new food properties from familiar raw materials. we've built machinery. we can use this to demonstrate that it's possible to alter the raw materials so that we end up with an attractive food product. because. one of the machines that the research is use is an extra under high pressure and high temperatures the raw material is compressed and shaped. the extruded screw is a crucial component in the process. it makes is and pushes along the material. the position and length of the individual segments determines the properties of the final product that's expelled through the specially shaped opening. every manufacturer has its own recipes an

let's speak to the chief secretary to the treasury, stephen barclay.you is... if someone has lost theirjob or being made redundant in the past month, five weeks, six weeks, it will be no comfort to them that these measures have been brought in now. well, if someone has lost theirjob obviously thatis someone has lost theirjob obviously that is a deeply disturbing issue and it is why in the summit we set out through the some economic update the infrastructure spending to get those greenjobs, sojobs in infrastructure, the training, the doubling of work coaches, apprenticeships and so forth. but in terms of, has theirjob at last been a consequence of the announcement been yesterday as opposed to earlier? the answer is no because the furlough scheme is still in place, the furlough scheme runs from eight months until the end of october, the self—employed income scheme is still in place. so the support has been in place. what we we re support has been in place. what we were discussing and what the chancellor was setting out is that future support went the fur

economy, we welcome michael gapen, barclays chief u.s. economist. give is your sense of where the u.s. economy is and how badly do we need fiscal stimulus. i will tell you, i'm not sure we are getting it. michael: thank you for having me on. always good to be with you. i think getting stimulus ahead of the election as a virtual nonstarter. it does not seem like it is going to happen. where we are in the u.s. is the economy is slowing. signs of deceleration are clear. most of us expected that growth would be slowing following the sharp snapback connectivity. it is a phase four package necessary? i think it is. the economy can get by without it until the election. will bringnistration forward fiscal stimulus plans. i think we can make it to there. it is necessary as long as we get it in the next 12 two quarters, i think the recovery will be ok. in the meantime things are a delay ing, and ongoing negotiations does not help things. i think it hurts confidence and slows down economic momentum and prevents a quicker recovery of the economy. back and forth

stuart: is a barclays that think they are going to 1500? susan: barclays is 1075. do you say 1075? >> an upgrade of what they said before over 900. i think it's a bullish sentiment. stuart: 1347 now and they upgraded to 1075 or whatever. susan: means they changed their view. that's a positive. stuart: starbucks today got an upgrade. tell me starbucks, $89 at share. susan: ninety force-- $94 according to barclays. wells fargo upgrading to make a high of $98 because mobile ordering and restaurants reopening after covid. that should be positive for starbucks and coffee drinkers around the world. stuart: including me. check the price of oil. i think it's around 40 bucks a barrel, 40.94. word of another high-profile buyout in the industry? >> another deal significantly consolidation, fully underway, tops talk by chevron noble energy deal. it's an all stock transaction valued at $9.7 billion working out to a 15% premium for shareholders. it holds one of the largest footprints in the permian delaware basin, in other words valuable but comes at a time when the american ind

be back in barclays missiles you mentioned is different now because you talking about life on an island when you're trying to balance out the risk from either getting sick maybe dying from the virus or suffering mental health severe impact upon your physical mental well being for an economic impact where do you stand if you're talking about in general what's the best approach to dealing with the virus. so i was think. i'm a medical specialist and i'm not in a fix is a specialist but out of sync that. little bit too much fear that it's right to siri contagious rocky section fertility rate is not high. and people seem to forget their talks in the media and social media contribute to a lot of fear and. also in a show you're the government does that to us security the risk of desirous in the beginning and we should basically live. it and protect the vulnerable people that is actually it as we see this. talked about mole is my guess thanks so much ben professor of obstetrics and gynecology in melbourne australia thank you thank you. and to finish up for this hour russian photographers want t

just going up all the time you can see it visibly in the streets as well the queues outside the barclays each day getting longer and longer and what the government hopes of course is this knock down this 4 week lockdown is going to try and slow the spread of the coronavirus. it's a strict a lockdown so i should say it's a slightly less strict lockdown than the one in march and april in the schools will be able to remain open children though from the age of 6 will have to wear masks some businesses can remain open as well factories public services and that kind of thing nevertheless in terms of people's personal freedoms they will not be able to leave their homes for more than a kilometer perimeter just for essential goods doctors' appointments and that kind of thing so many people in france a feeling you might say almost a bit depressed about the idea of having to stay for weeks indoors again most people know that that could well be extended if the situation doesn't improve again people know that the health system could be overwhelmed hospitals i.c.u. beds a feeling that they understand

where cases of new infections are rising rapidly in the past couple of weeks queues outside the barclayslike this one in the city have been getting longer and what paris health officials say is the one in 5 tests is coming back positive. soon after moving to paris in september these british students fell sick with coronavirus they began having symptoms of her attending university events and welcome parties every station distancing by wearing masks but it sometimes that doesn't stop if you're in a crowded place and stop going to a lecture the scene is the very tired in between needy half the students in a year were infected for some recovery has been slow i mean i was covered before but even i just want to get it again or for me and now i'm a lot more like conscious of it my craw hopes the curfew will help ease pressure on hospitals in paris intensive care beds capacity the problem says this epidemiology just is that the government is taking the wrong approach relying on restrictive measures rather than whites protesting the solution would be to assign to test. the population and that can

our top stories this hour a kidnapped molly and politician and a french aid worker have learned in barclays capital bamako after being released as part of a major prisoner exchange the deal was announced by the country's new transitional government who say. the u.s. is impose more sanctions on iran's banking sector it's the latest move to curb what washington describes as terrans new can basins and terror activities the measures blacklist almost all of iraq's financial sector. a fire in a 33 story apartment building in the south korean city of course hundreds of thousands hundreds of residents to flee their homes the blazes that we put up with only minor injuries and like smoke inhalation. hospitals in iran are running out of intensive care beds as new corona virus infections rose above $4000.00 for the 3rd day in a row it's the worst affected country in the middle east restrictions are being tightened a mosque will become mandatory out those into iran from saturday. but the restrictions on public gatherings didn't stop thousands of iranians from flooding the streets to mourn the death of o

down for the week after actually a pretty strong earnings week financials are to ing pretty well barclays gain at nearly 8 percent on friday alone the u.k. signed its 1st major post brags that trade deal with japan german dax and the french cac both in the red despite the losses indices ended with a little bit of some gains on those earnings investors are eyeing prospects of the u.s. relief package across the atlantic the evil best in brazil is in the green the rail for and point 4 percent on prospects in the government will revise its economic growth estimates next week brazil's g.d.p. is expected to contract by 5 percent this year and mexico the b.m.v. another green arrow here is up for the week despite projections that the economy shrank by 6.9 percent year over year for the month of september president monoid lopez or rather is calling for mexico central banks to further cut rates or interest rates in the u.s. . over to right now we're seeing the s. and p. the dow the nasdaq all down for the week spiking kovan 1000 number and no relief packages are really weighing down investor sentim

equity research analyst at barclays. good to speak to you. reasons to look after the planet, you presented us with some more. if you care about the biodiversity, you basically have to avoid palm oil, are there ways to invest and make sure things are sustainable? rush good morning. thank you for having me on. you raised a good point. these commodities in the report as being important to diversity perspectives. we by no means expect investors to move away from commodities. take for instance palm oil. if you move to an alternative oil, you need 10 times the amount of land. t simply wouldn't be fees to expect such a shift. what we're seeing are the growing trends of the use of things, ensuring that supply chains are free are important ways that investors should be looking at it. matt: what else can investors do here? i mean there are so many things a things you don't think about. what else can investors do to take advantage of a shift for consumer behavior? >> absolutely good question. there are three ways it can be meaningful to the investment c

data on barclays says otherwise .ated what is myth? don't need to be worried about the general decline in cities. emily: looks at we have lost you. can you hear me? >> yes i have you now. what exactly is happening in urban areas? most you are talking about urban areas in the u.s., they continue to see prices along with the suburbs. only new york and san francisco have seen a price drop since march. emily: talk to us about where you see these prices going. as someone who lives in an urban area, there does seem to be a desire to leave the city and a desire for greater flexibility. the fact that more workers are of -- able to work from home, potentially forever, there is sometimes that ability. how do you see this playing out? >> the places where people are going now seem to be places where they get more access to the amenities they like such as restaurants, bars, cultural institutions, things to do. because of covid, those things are closed in big cities. people are willing to pay more to go places where those things are still open. that

president trump says he is feeling better, but unless he starts to feel suddenly worse, barclays says baseline is a risk supportive macro out to get that's not to say there won't be any volatility along the way. stocks may be recovering from friday's decline, but the vix has been steadily climbing, now higher for a sixth straight day, his longest streak since january. we have talked a lot about the vix futures curve. that is not done down either. if the democrats do win the presidency and the senate, that would set us up for potentially even more stimulus. since the presidential debate on tuesday, we have seen the yield , now neardily stephen a four year high. the 10 year yield regional was 75 basis points today, the highest since late august, while the front end is anchored by the fed's lower for longer mantra. cameron crise says this reflects more stimulus, and more borrowing is coming, and it is only early october. alix: thank you very much. joining us now is barry knapp, ironsides economics managing partner. you have the back end of the bidencurve, is this a win, we get stimulus t

old-fashioned bloomberg barclays ag in treasuries.e to be in the higher-yielding credit sectors, which means here correlations don't work as well. they are not as negatively correlated as in the past. but that is a way to add value to your folio. lisa: on a day like yesterday, that means double losses. saul riskier credit, which offers that spread, do that much worse because people are concerned that companies are going to go bankrupt with all of these shutdowns. so what is the hedge? michael: that is a real tough one. i think the hedge is you do not focus on the day-to-day wiggles, the week to week, the month-to-month movements in your portfolio. how my going to have the most money in my pocket three years from now, five years from now, 10 years from now? you build your portfolio that way. that being said, the credit markets by and large have been really well-behaved through this equity volatility. the credit markets don't necessarily care if the big, highflying tech companies get revalued at lower pes. they don't care if the democra

ubs reporting tomorrow, barclays on friday. it comes after u.s.bank results left investors disappointed. joining us is dani burger. what will be the focus for ubs tomorrow? dani: wealth management and m&a are the two key points. we talked about seeing more net inflows from their wealth management division. we also had morgan stanley do pretty strong here. this is an important business segment for ubs. sergio armani stepped down and gave an exit interview saying that the best thing he did for ubs was not selling the wealth management division. this is clearly a big deal for him in one of his final earnings to come. at the same time, all eyes are on whether ubs hits at any m&a acts of labor. the chairman at ubs told a swiss magazine over the weekend that they are not looking for any "bribes" and saying they don't want m&a at the moment. they would not comment on the talks they have had with credit suisse that was swirling around about potential m&a. trade will be important for ubs and much more concentrated on equities. a lot of the growth we saw in

our second call comes from barclays, saying about that woody could fall to pre-pandemic levels if thereclear-cut biden victory, even if stocks -- he says the vix will likely fall to 20 if a democratic contender is confirmed shortly after the vote. vix futures govern the postelection period trading around 29. the third one we have is from multi-asset growth at schroeder's. he is betting on clean energy as a biden win would mean a bigger push for more sustainable investment. he things biden would reverse some changes made by president trump regarding offshore drilling, and make what he calls a meaningful impact on u.s. environmental policy. with about the debate? there was not really much for investors to get their teeth into, but were there any key takeaways for you? >> what the markets really want know isis this did -- did this change the status quo? the market had largely priced a biden victory, and to a large extent, a blue wave. they do not think that narrative has meaningfully changed after this debate. but they did highlight a number of key issues. the china issue as well as health

you had barclays out, saying that because of uncertainty, stronger ties to the u.s., if biden wins the presidency that will be a boost for european assets. then you have the virus issue and the u.s. politics issue. vincent: a democratic sweep would probably be, if i looked from a european perspective, could benefit europe, as it could be followed by a green wave and we could see europe positioning itself in terms of green business, generally speaking, and that would be even more the case on the recovery front. that is something that could play well for europe. in the context of a more stricter story, we need europe to integrate itself much more than it has at the moment. need to be able to challenge u.s. companies in different sectors. but brexit, the clarity about the u.s. election -- it is more about clarity than one or the other candidate winning the election would be positive for europe. future, we need to continue in europe on the path that it started in mid nationallding the champions. let's be honest -- we are leaders in the field of renewables, and that could be an area of expe

economy, we welcome michael gapen, barclays chief u.s. economist.our sense of where the u.s. economy is and how badly do we need fiscal stimulus. i will tell you, i'm not sure we are getting it. michael: thank you for having me on. always good to be with you. i think getting stimulus ahead of the election as a virtual nonstarter. it does not seem like it is going to happen. where we are in the u.s. is the economy is slowing. signs of deceleration are clear. most of us expected that growth would be slowi

trending today with images of pride and love the goal of the lgbtq community is trying >>and you see barclays student from north carolina up reportedly has vanished in san francisco 19 year old city west and the living in the area since late august but has not been in contact with family or friends. since the end of september according to the orange county sheriff's office. her last known location was downtown san francisco right near crissy field. authorities say west is likely wearing dark shorts, slip-on vans and her hair in ponytail sort of like scene there. anyone with information is asked to call authorities. and after president trump failed to denounce white supremacy during the first presidential debate last week the hashtag proud boys is trending again on twitter today though lgbtq members flooding twitter with pride images using the hashtag. >>the idea making it tough to find any post about white supremacy. the celebrities like george to kai and bobby berk taking to twitter today in order to show their support. speaker nancy pelosi now criticizing the lack of transparency when it co

or at the brooklyn marching band who turned long lines outside of the barclay's center in to a streetivation, i want you to listen to otis moss, jr., and his son and grandson telling you the story of reverend moss's father who walked miles to the polls, determined to vote to be turned away. >> go vote, papa. >> six miles to the town's center. >> he on advertise, it looks like you have come to the wrong polling place. >> a clear and blatant lie. >> you are in the wrong place. >> his will and dream to vote out weighed any disappointment. >> boy, i'm sure sorry, the polling place closed. >> wounded but never give up. setting an example and a memory for generations unborn. >> vote, because mr. moss couldn't. vote for all the people who were denied for centuries this basic right of citizenship, the enslaved and their descecendans had to fight 100 years after the 13th amendmeant. vote because our rights mat. our lives matter. our planet matters and because you matter. i'm asking, i'm pleading. you have got one more souls to the polls weekend. one more, america, vote this weekend, if your st

partly it is by the way the barclays center here in brooklyn is probably not built out of aluminum well the accusations are that there are already steve chair of some place from the us tolerates those aluminum sheets from china and that china is selling this aluminum to germany and those other 70 nations and their way around it comes to the united states so that's the accusation also the international trade commission is having a look at that might be coming up because it was a decision by february and if the commission should say that the accusations are false then maybe germany and those other nations might get that tariff spec. when i ask you about wall street this week markets seemingly driven by one thing in particular and that was the effort for more coronavirus aid in the u.s. what can you tell us. well it was a wild up and down and back and force especially when it came to negotiations about this 8 package on friday u.s. president to donald trump surprised was tweeting gold bricks so obviously he's looking for a big deal the word is said maybe $1.00 trillion dollars so that woul

i'm natasha barclay in paris where bronson's began returning some crimean mule iraq oh it won't stop africa but not fast enough for some people. hadn't scored stepping out for a new challenge the ghana international who made a big move on transfer deadline day. but. the rain clouds are gathering across northern parts of iran we've seen a fair bit of wet weather sliding across mania georgia. just around the caucasus the sinking further south was now you can see the clout there showing its hands fiji's way down across the high ground to rome will see some more wet weather then as we go on 3 way to stay temperatures no high that around 21 celsius still plenty of heat across the middle east getting up into the low to high thirty's for some 40 celsius still a possibility that kuwait away to stay off the new low down 39 as we go on through thursday still a few showers just around the southern end of the caspian fine and dry for much of the arabian peninsula i just noticed that when picking up even kata temps just around 35 celsius in the northerly breeze then may well we got plenty of show

partly it is by the way the barclays center here in brooklyn is probably not built out of a well the accusations are that there are already steve chair of some place from the us tolerates those aluminum sheets from china and that china is selling this aluminum to germany and those other 17 nations and that way around it comes back to the united states so that's the accusation also the international trade commission is having a look at that might be coming up because it was a decision by february and if the commission should say that the accusations are false then maybe germany and those other nations might get the tariff spec. ins when i ask you about wall street this week markets seemingly driven by one thing in particular and that was the effort for more coronavirus aid in the u.s. what can you tell us. well it was a wild up and down and back and force especially when it came to negotiations about this 8 package on friday u.s. president donald trump surprised was tweeting gold big so obviously he's looking for a big deal the word is maybe $1.00 trillion dollars so that would get cl

the chief secretary to the treasury steve barclay rebuffed claims earlier that if they had announced key distinction between the support we've had in place, notjust furlough and self—employed but the business grants, tax deferrals, the measures to support cash flow that were set out by the chancellor in his winter plan. and then, as we come to what we recognise will be a difficult winter, having further support for those businesses both that are forced to close and therefore we support workers by the government stepping in with further support, the two thirds support that the chancellor has announced, but also recognising for many businesses, even if they're not required to close, they are impacted by the restrictions and that's why the chancellor has set out the further measures yesterday. business groups have welcomed this and the labour party has to some extent welcomed it but pointed to the fact rishi sunak has already had to change the scheme a month after he announced it and before it's even come into force. the government, ministers, they say the path of the virus has changed,

barclays is on friday. u.s. bank results left investors disappointed.iscuss is bloomberg's dani burger. what will we focus on for tomorrow? -- wewealth management had positive signs. julius baer and morgan stanley. an interviewi gave over the weekend saying one of the things he is most proud of is being contrarian and not selling the wealth management division when there were certainly some pressures for him to do so. this will be important for him in one of the final earnings report of his time. trading figures will be important. ubs is concentrated in equities. that could be a headwind. m&a another focus. 10 days ago, the chairman at ubs said they were not interested in a bright. they were -- a bride. they were not interested in m&a targets and he would not comment on credit suisse. anna: dani burger with a look ahead on the banking sector. the u.k. is prepared to water lawbreaking brexit deal to try to revive failing talks with the eu. otherwise, boris johnson has said his focus is on leaving without a trade deal. what would that mean for britain's t

futures push higher, barclays warns a biden win would be modestly negative for u.s. stocks.d emmanuel macron warns of further restrictions to come. france and spain record record cases and coronavirus cases. matt: take a look at futures, gains across continental european equity indexes this morning. 0.7% gains in the cac and dax. the percent miss price is indicating a higher gain at the open. let's look at the live equity trade. if you pull up your global macro mover screen, we can look at the left-hand column. opens,e up 0.1% as it and continues to climb a little bit. indexes open,uity we said -- we should see bigger gains. ibex up 0.7%. cac up 0.6%. dax up 0.6%. the ftse gaining, the continent putting up double the gains of the london benchmark index. anna: european equity markets opening to the upside. investors consider the encouraging signs of joe biden in the presidential election race, and what that does to sentiment for risk assets. means forlar, what it u.s. stimulus. joining us is kasper elmgreen, head of equity investment platform, amundi. what do you think the re

stephanie barclay is with us. she is a professor of law at notre dame university.ter. you know judge barrettly. she knew that they were going to go after her religion in advance but she still did it. >> she knew there would be attacks on her family and her faith. it was a caricature of her faith. she was willing to go forward with the process anyway. she cares about the rule of law and wants to serve her country. she is exceptionally well-qualified jurist. we would be really lucky to have her on the supreme court because she has such a impressive judicial record. stuart: she is firm on that, right? she is going in there trying to right legislation. no matter what she thinks she wouldn't do that. you've known her for some time. is she firm on that. >> we can see from her time on the court of appeals. when judge barrett offered a that majority opinion on the court of appeals her colleagues joined her opinion unanimously 95% of time. even if we look at cases she was on democratic appointed colleagues, that number goes higher, 97% unanimity. judge barrett is a consensu

talking about jpmorgan going from 7 to 9, barclays, 8 to 9. david, these are companies that are bound by the conventional four walls of the spreadsheet. people are not going to give ford any of the credit because they don't like this whole model. i had mr. fister on last night what those guys do is make a car. okay and it sells because it is great looking. and that's what i feel about elon musk, he makes cars but he's fully integrated. the cars -- whatever he sells, whatever he makes, he's going to tell no dealer network and now starting to say the same thing in china what you see is a frictionless model. you have the analysts who don't know what to do. they really don't. they have been wrong they have been so wrong that it is better to say, you know what, i never understood the valling with a, but i think the company is a good company. that's where the people are coming down. it is amazing. i can't think of another place and time i've ever seen it >> no, really? >> no. a company where -- where a ceo is masterful, where a company has done amaz