this is bloomberg. ♪ this is bloomberg. ♪ >> this is "bloomberg surveillance." i am taylor riggs.nd beverage businesses. putting its skincare business for a possible $8 billion sale. nestlÉ is conducting a strategic review that should be completed next year. its lifereed to sell insurance unit for $1.6 billion this week. madeseven hours, fortunes and lost in the marijuana business. double beforeay wiping out the gain in the hour, but then finished 40% higher than where it started. touted plans to start a consumer products company. meeting and planning service raise $230 million in its ipo, priced at the top of an increase range. it makes a platform for customers to sell tickets to concerts, fundraisers, and other events. shares begin trading today on the nyse. that is your bloomberg business flash. francine: thank you so much. major central banks including the fed and ecb are turning to tighter monetary policy despite political turbulence. check out the latest edition of bloomberg businessweek. the cover story is a profile on jerome powell and how he's working to protect the centr

this is bloomberg. ♪ s bloomberg. ♪ francine: this is "bloomberg surveillance."t's talk brazil. in chiefberg editor emeritus joins us after having .ublished a brilliant piece also joining us is jeff dennis of ubs. thank you for joining us. this is an interesting piece. you say there are people excited about the politics. buty managers, watch out, against as one-time mayor. it is polarizing. >> it is polarizing. today, the biggest vote-getter would be somebody not on the ballot. lula.s he is still the most popular candidate. the most important person is not in the race. the rest of the competition is fragmented. for those people paying attention to what happens to the economy, they are in despair at the moment. this was supposed to be a breakout year for brazil, and it has gone the other way. francine: what have investors been telling you about how they've you brazil and what they worry about? a handful of investors who say it really doesn't matter who wins, because if you look at brazil, you are going to see a correlation between commodities and the stock exchang

this is bloomberg. ♪ shery: this is bloomberg markets.ada's imperial bank a billion dollars in a bid. i talked earlier to cibc ceo victor dodig about the numbers and his u.s. expansion plan. >> when we set out a path to invest in the u.s. come eight was driven by what our clients needed. our clients need a north-south opportunity to bank. canadian business does a significant amount of business in the united states. we need to be the bank of choice for them as they move from canada into the united states. we look for a bank that has five-oriented culture. we find that in a private bank. we find a bank where the focus on people's first, where we can bring technology -. what we have seen in the last four quarters is in line with our plans and perhaps ahead of our plan, benefiting from higher environment,better and a team that is focused on clients and focusing on working cross-border with one another. now growing at the top end of the market, the being my full of credits risk. working very well with our partners across the border, we see a t

erik: this is bloomberg. ♪ erik: you're watching bloomberg west.have a special recap of the 2018 bloomberg business forum. mark carney was one of the global financial leaders who attended the event. he spoke with us. the focus of the conversation is his leadership on climate related financial disclosures. it had just released a status report. carney says there is increasing demand for companies to disclose climate related information. >> there was $25 trillion in assets. the task force comes out. it says this is how we should do the disclosure. three quarters of the globally systemic banks and shores looking for this type of information. companies are starting to disclose. the providers of capital are looking at it. they throw away the stuff that is not useful in been you get the better disclosure and real progress. do you are the frictions see that people don't want to disclose? >> i think the best companies, part of what came out is the survey around the world and you see all of those companies are disclosing at least some aspect in their main re

this is bloomberg. ♪ ♪ eric: you're watching "bloomberg best."th a special recap of the 2018 bloomberg global business forum. mark carney was one of the many global financial leaders who attended the event. he spoke exclusively with francine lacqua. the focus of the conversation is leadership on a task force on financial disclosures, which just released its first report. carney says there is increasing demand for companies to disclose climate related information. mark: there was $25 trillion in assets under management. the task force comes out, a private sector task force says this is how we should do the disclosure. now it is $100 trillion. more than global gdp. three quarters of the globally systemic banks, eight of the 10 top asset managers, insurers looking for this type of information. now what i think happens is the private sector does what it does best. major pension funds, insurance, there are all looking for the step of information. what i think happens next is the private sector does what it does best. companies are starting to disclose

this is bloomberg. ♪ this is bloomberg surveillance.'s get the boot -- the bloomberg business flash. daimler has named their head of development, the new chief executive officer. before becoming chairman. he led the mercedes-benz maker for 12 years as ceo. nike shares fell a late trading after first order -- first quarter earnings missed margins. north american sales outpaced expectations. featuringr closed colin kaepernick. they say it is happening a positive impact. is driving a real uptake in traffic and engagement, both socially as well as commercially. we have seen record engagement in the grand as far as the campaign. bloomberg understands the business could fetch more than $3 billion. a representative for blackstone declined to comment on thomson reuters, saying it does not comment on market rumors. that is your bloomberg business flash. nejra: taylor riggs in new york, thank you. let's turn to the fed meeting. bank -- the central bank is expected to raise rates today. policymakers are expected to continue the policy rate hike st

that is your bloomberg business your bloomberg business flash.nie:gtv allows you to follow our charts featured on bloomberg tv, catch up on analysis and save your favorites for reference. gtv , this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. hlie: i'm julie yman. the gap gets 22% of its products from china. the ceo spoke to bloomberg. >> we're watching it carefully, as you can imagine. this was a trade war that is largely confined to china now. china has not been our largest country of origin, although it is for many others for quite some time. we have moved and diversified sourcing bases, vietnam is the largest country of origin but some things will be impacted if this continues. we looking at counter sourcing in other environments, other countries and we are saying -- what is the implication and what is the consumer going to be willing to pay? that is the issue that everybody should have as we're moving down this path -- what this will ultimately be is a tax on the consumer. it is unfortunate that this is going to

this is bloomberg. ♪ eric:this is bloomberg. ♪ . . .special edition of "bloomberg best." i'm erik schatzker. we're focusing on the 2018 bloomberg global business forum. one of the day's liveliest panels gathered four past and present heads of state on stage for a vigorous conversation. former u.s. president bill clinton moderated, with president ivan duque of colombia, prime minister of norway erna solberg, and south african president cyril ramaphosa. mr. clinton: ok, we all live in an interdependent world. we want to work together. we believe that creative cooperation is better. you have to figure out what that means in terms of how you are going to get the economy going, how you are going to reduce inequality, and how you redeem the promise of land reform without screwing up the investment climate and making people trust you. pres. ramaphosa: apartheid was once seen as the most intractable problem in the world, that could not be solved. but under the leadership and guidance of nelson mandela, we were able to resolve it. and similarly,

eric: this is bloomberg. ♪ eric: you are watching "bloomberg best." recap of the 2018 bloomberg business forum. mark carney was one of the financial leaders who attended the event. --spoke his clue civi exclusively on financial disclosures -- the focus of the conversation is leadership on climate related financial disclosures. carney says there is increasing demand for companies to disclose climate related information. >> there was $25 trillion in assets under management. the task force comes out and says this is not what we should do and now it is $100 trillion. three quarters of the globally systemic banks, the sovereign wealth funds and insurers looking for this type of information. companies are starting to disclose. they throw away the stuff that is not useful in been you get the better disclosure and real progress. >> what are the kinds of frictions that you are feeling -- banks who do not want to disclose? >> i think the best companies, part of what came out is the survey of the 2000 top companies around the world and you see all of those compa

this is bloomberg. ♪ ♪ this is "bloomberg markets: european open."getting live pictures. 2:45 in the afternoon in the philippines. rescue and recovery efforts underway in the mining village in the philippines where it collapsed due to a landslide as a result of a typhoon. tens of thousands of people have evacuated their homes and at least 50 people have reportedly died. let's get the bloomberg business flash. juliette saly has it from singapore. group has picked frankfurt as its european union hub and is made preparations for the worst-case scenario of written crashing out of the bloc without a trade deal. was bank will also have multi locations in the region with offices in madrid, paris, and milan. speaking to bloomberg, sergio ermotti said the decision was made weeks ago. jpmorgan ceo says he is done with politics and blames which is for his claims that he is smarter than president trump. he told abc he has no intention of making a run for the white house, saying the current administration is handling the economy well. last week he boasted he coul

this is bloomberg. matt: thanks very much. juliette saly in singapore. if you missed any of our great lehman brothers 10 years on interviews, you can catch up with them on the bloomberg terminal. head over to tv . you can see here under the some ofd cap -- tab, those interviews. we have ray dalio, mervyn king. you can rewatch all of our shows using tv anytime you want. this is bloomberg. ♪ matt: tomorrow marks the 10th anniversary of the collapse of lehman brothers. we have been speaking with key figures to look back on this historic event. mervyn king discussed risk that still remains in the financial system, and what we still need to do to mitigate the next crisis. >> the banking system is safer than it was then. but it is not safe. there are things we ought to be doing in order to make a run on the banking system less likely. it is debatable whether banks have issued enough capital. >> if you look at the financial landscape -- >> the big lesson was people could see what was happening in the

this is bloomberg. ♪ taylor: this is "bloomberg surveillance." iphone took part in a familiar ritual today. around the world, they lined up at apple stores to grab the latest version of their favorite device. their spending more to do it this time. iphones are now up to $200 more expensive than the ones that came out last year. wells fargo hopes slashing thousands of jobs will pull the bank clear of scandal. the ceo plans to cut up to 10% of the company's employees over the next three years. wells fargo has promised $4 billion in cost cuts by the end of 2019. much.hanks so one of the things we try to do here is have intelligent conversation on international relations. trade has been front and center. here is the president of the u.s. on china. >> it is time to take a stand on china. they have been hurting us. our farmers are great and our farmers are starting to do very well again. it is very interesting. we are putting very happy sanctions on various countries. we are getting along with some countries. we have been ripped off by the world. tom:

this is "bloomberg." ♪ tom: bloomberg surveillance. keene in new york. --k together again to bring begin the season. we do that with chris grisanti. how about a single best chart? let us go back. here it is. there we are. ,p we go from the depression how can you go against this chart? you can long-term that is why we are bullish on equity long-term. if you look at this closely, we're above that line. you can go for a year and go above that line. going flat is not going to get you 12% a year. francine: hold on, bring up your chart. it is good. equities,k at rise in it has to slow down because we are and cycle and the tax cuts and the tax cuts will end having their effect. when does that happen? are in the said, we eighth inning but i'm not sure it is a nine inning game. the financial statistics are good and i do rely on the fact it has been a slow recovery from 10 years ago. the recovery can last longer. having said that, trade is an issue. i do not see the usual things that end a recovery. we do not see inflation picking up. so far, so

ramy: this is bloomberg. ♪ ♪\ ramy: this is "bloomberg best."ontinue our global tour of the week's top business headlines with new twists in the online -- in the ongoing negotiations with brexit. >> the u.k. and european union pushing back the deadline for a brexit deal. both sides aim to finalize the divorce terms by mid-november the latest. another indication negotiators are struggling to make progress, despite the u.k.'s assurance to speed up talks. what are the reasons this deadline is being pushed back? >> the reason both sides are not able to agree on a divorce deal is northern ireland. they have a commitment between southern and northern ireland, and they can't seem to make it work. they were supposed to agree something at the june counsel, and now looks like they will not be able to agree the october counsel. they may need a special summit to make that work. >> what is being seen as a policy term, the chinese central bank strengthened the interest rate as pboc banks have resumed use of the countercyclical factor in the pricing of its yua

emma: this is bloomberg. ♪ emma: this is "bloomberg best." i am emma chandra.et's continue our global tour of the business top stories. in japan, the central bank stuck to its stimulus script. boj has left monetary stimulus program unchanged after adjusting its policy settings for the first time in two years in july. they maintained their 10 year bond yield guidance on interest rates by all economists surveyed by bloomberg. the decision leaves the boj behind its global peers, who are moving to return to precrisis monetary policy. everyonej is the hind else normalizing but the reality is the boj is tapering. asset purchases are falling. they are not buying as much, but they had this slightly conflicted policy-setting where they had the yield curve controls and the yield target and an amount to buy. there is a tension between those two things. there is reluctance from the bank of japan to drop their asset purchasethere is a tensioe two target because they are scared of looking like they are tightening too much. morning outews this of the two korea's meeting was t

julie: this is bloomberg. ♪ ♪ >> welcome back to "bloomberg best."look for oil is complicated. a tropical storm in the gulf of mexico, impending sanctions on iran, and the threat of trade barriers between the u.s. and china were all on the minds of investors, and bloomberg television spoke with several industry insiders to get more insight. let's start with our exclusive interview with nigeria's oil minister, who expects opec and its allies to continue oil production through next year. ♪ >> the threats on iran and a couple countries, the challenges in iraq, we think that will continue to play. to take a much more disciplined relationship with opec to see this positive movement in terms of compliance. >> do you expect that plan to continue into 2019? >> the momentum is still leaning toward that, yes. it is work for us. it wek before we dislodge have to see how the marketplace. if come december we find out everything is working well, definitely what you will find is investors are limited. we are stronger with that decision in june. [no audio] >> -- in

this is bloomberg. ♪ manus: stay with bloomberg for the rest of the day. bloombergm business forum at the plaza hotel in new york. .his is the rollcall the u.k. permits are, theresa may. what has she got to say about tax? we will be joined by the south african president, cyril ramaphosa and from the one planet summit by the french president emmanuel macron. nejra: heavyweights from the world of finance including the credit suisse ceo, blackrock ceo, and goldman sachs ceo david solomon. they discussed the state of global finance with francine lacqua. confidence consumer jumped to its highest level in 18 years this month. that's according to the conference report yesterday. in the late 1960's came just before the recession and the selloff in the equity markets. one man was a very global perspective. he joins us from the ubs wealth management. great to see you this morning. i'm waiting for someone to say you have never had it so good in the united states of america. that's right. i think we have added slightly to our risk assets including global equities but

this is bloomberg. ♪ taylor: this is bloomberg surveillance.usiness flash. u.s. attorney general jeff sessions -- bloomberg has learned that sessions will be brief september 25 by republicans who are looking into a company's practices. sessions will have to decide if there is a federal case to be made against facebook, google, and twitter for violating antitrust laws. the company that created oxycontin is offering free opioid abuse treatment in an attempt to resolve more than 1000 lawsuits. bloomberg has learned they will give away doses of a drug. the lawsuit accused the company of helping to fuel the opioid crisis. -- willwill help to start offering fifth-generation service starting october 1. houston, indianapolis, los angeles, and sacramento will pay $50 a month after three months free trial. it connects up to 100 times faster than today's cable. that is your bloomberg business flash. francine: thank you so much, taylor. --discussed speculation that germany will not decide to nominate someone for the ecb but will instead focus on the europe

this is bloomberg. ♪ bloomberg. ♪ emma: this is "bloomberg daybreak."t pimco is hiring john studzinski. he is an international dealmaker who is a human rights and good and a fixture at the vatican. he told bloomberg last month he was looking for new challenges. buyer warns that earnings will be lower than projected after the $63 billion takeover of monsanto. the first forecast and the acquisition fell short of estimates. will come upits short because of the seasonality of monsanto's business. amazon begins the day with an amazon market value under $1 trillion after becoming the second u.s. company to surpass that mark. last month, apple was the first company with a $1 trillion valuation. that is the bloomberg business flash. david w.: midterm elections are over 60 days away with towardsrs pointing democrats retake in the house. but here to take us through the possible outcomes is jason draho. timmer is still with us. welcome. out that gives analysis and we will give a short summary of what the probability is here. you divide it into four possibilities.

this is bloomberg. ♪ welcome back to "bloomberg markets." this is the european open.ho is over in london. let's get some more details on the stock stories. anna: one of the big headlines is with ing. the cfo is stepping down after the money laundering probe. shares have pushed up just a tag, up 2/10 of a percent. unicredit might be interested in acquisitions of bba or bbn. shares there are up just a tad, nearly half a percent. the downside is heineken. shares lower by 1.2%. this comes after a downgrade for the are making. eat and thanks to wh barley. anna: dani with a look at the stocks they are. -- stocks there. the pound is holding on to yesterday's gains. a divorce agreement in the next eight weeks regarding brexit is realistic. tensions around the irish border still need to be resolved. could stop investors from getting their money back. bloomberg'sow is european corporate finance reporter and bilal. great to have you with us. the us some examples of types of warnings we are getting from corporate's raising money regarding brexit risk. companies were writing a cou

at the bloomberg. we have the percentage of stocks in the s&p trading above the 200-day moving average. s&p is in blue. if you compare it with the last ed a record,oach it is on fewer percentages -- lower percentages below the 200 day moving averages. tech is weak today. there is concern over trade broadly and specific stories hitting shares in rosenblatt security saying there are slower u.s. presales of new iphones, 10 mind versus 12 million for the last model. shares down 1.4% very nathanson highlighting accounting discrepancies at twitter, and twitter is reporting a lower increase in expenses. we have amazon dealing with allegations of bribery in china and conducting investigations into employs that are said to be offering sellers on e-commerce programs with an advantage by providing confidential data and services in exchange for a fee. shares fall by 2.5%. more cannabis news this morning. we have been seeing stocks as huge momentum movers. oral cannabis is the latest that coca-cola might be interes

this is bloomberg. ♪ nejra: good morning from bloomberg european headquarters. bloomberg daybreak europe and these are today's top stories. asian stacks -- stocks snapped the longest losing streak after the u.s. proposes talks. banks announceal rate decisions, economists predict a 325 basis points hike in turkey but no changes expected at the ecb and boe. apple launches its largest and most expect iphones but with now and your new features, willow price strategy whenever customers and investors? -- will a priced energy win over customers and investors? centralart with our big bank decisions, matt miller is late in frankfurt for the ecb plus yousef gamal el-din standing by. let me start with you, in many ways this is judgment day for the turkish central bank. a historic day for the central bank, the pressure is on and it is a hard-line to walk because they have a credibilityaining and they have to salvage the growth that is less. the expectation is for a 3.25% rate hike but it is a wide range just theations, it is other thing to bear in mind is new data shows the

this is bloomberg. ♪ matt: welcome back to "bloomberg markets.'in berlin. -- matt miller in berlin. let's see what individual stocks are doing. thisrie: zalando down 19% morning, cutting the 2018 outlook. third-quarter revenue significantly below analyst estimates. asos, other companies affected by this. a reshuffle at the management level with a new ceo october 16. the current ceo will move into the chairmanship role. they are updating plastic divisions. these companies have been sketching out how they will collaborate, but the market seems to like the reshuffling news. jlt to the upside, 31%. jardine lloyd thompson. this is as, really an m&a story, u.s. based company marsh mclennan are buying the company for 19 pounds, 15 pence per share, valuing jlt at about 4.3 billion pounds. anna: thank you very much. and theocus on brexit pound. theresa may is likely to survive in power to deliver the exit from the european union according to a poll from academics. odds of a no the deal nafeesa: at -- brexit at 50%. it doesn't seem to be at the moment what

this is "bloomberg surveillance." ♪ >> this is bloomberg -- this is bloomberg surveillance.ants to deal with the conservatives who feel their views are being censored online. hill,ers on capital google denies it makes content decisions on politics. google has been accused of silencing conservative voices. the founders of instagram are leaving facebook. blue book has learned of growing tengion between the direction of the photo sharing app. zuckerberg is more reliant on instagram for facebook future growth and the founders were frustrated with his growing day-to-day involvement. your "bloomberg business flash." want to say hello to all on twitter. we are thrilled that "bloomberg is tweeted out and it is a perpetual screen. we are humbled at the response so far good thank you for joining us on twitter. spence told us to do this. i use this chart with the dow. huge changeg of over on the left and the many re-affirmations along the way. this trend. how above trend are we in this great market? >> the biggest misconception is -- and this has been one of the longest bull markets. 1

julie: this is bloomberg. ♪ julie: this is "bloomberg best." i'm julie hyman.'s continue our global tour of the week's top business stories with yet another sign of amazon's success. on tuesday, the company reached a market cap of $1 trillion. alix: amazon is starting september with a bang. shares of the tech giant pushing the company beyond a market value of $1 trillion, a milestone that apple reached just last month. most notable was the speed with which amazon hit that milestone. shares have more than tripled in the last three years. is this rational? >> this is a company that has executed extraordinarily well over the past 10 years. the acceleration and loyalty to amazon via amazon prime, the increasing success of fulfillment by amazon, where amazon turns its warehouses over to third parties -- all the things it does so well. and online retail is still 5% of total retail in the u.s.. it is still smaller than other markets. so i think some of the optimism is investors rationally looking and seeing that amazon is an extraordinarily well-run company in markets

this is bloomberg. ♪ ♪ francine: this is bloomberg surveillance.et straight to the bloomberg business flash. is pushingu dhabi ahead with an initial public offering for the spanish oil company in what could be the largest such deal in a decade. it will offer a stake of at least 25% in the fourth quarter. shares have jumped this morning after sales beat the highest analyst estimates as the swedish fashion retailer offered discounts to clear out inventory and received a boost from the week krona -- the weak krona. chrysler,r -- fiat kkr offered less than the 6 billion euro valuation which ended the x facility of the talks. the italian carmaker can evaluate other offers it received while it prepares to separate the milan-based company and distribute shares. david -- jamie dimon says he is done with politics. that he has no intention of making a run for the white house, saying the current administration is handling the economy well. last week, he boasted he could beat the president in an election before rapidly backing away from that claim. >> i should

this is bloomberg. businessur bloomberg flash. unveil a restructuring of its investment bank operations later today. it will combine its corporate and investment bank with its cap older markets origination business. has been chatting its power structure over the last week, including appointing a new cfo. the biggest oil service committee and nothing a slowdown in the biggest scop patch. in therton sees weakness pretty and new mexico. the company says it will knock as much as 10 cents a share off of her quarter earnings. schlumberger- expected to be lower than expected. bloomberg has learned a middle eastern buyout firm received a bid from a private equity firm for just one dollar. liquidators are getting offers from regional operations within the unit. the restructuring team is string to sell assets to settle more than $1 billion in debt. that is your bloomberg business flash at alix: we turn to wall street beat, threes things -- three things wall street is buzzing about. leadership, and bitcoin falls off. two sharp declines in th

this is bloomberg. ♪ is bloomberg. ♪ nejra: this is "bloomberg daybreak: europe." i am nejra cehic.is 6:18 a.m. in london. ftse futures pointing higher by .2%. we have seen gains in the asian session and also got a headline coming through from theresa may paper saying that you need to advance its position on brexit. this ahead of the summit. >> tesla has confirmed its being contacted by the u.s. justice department. thes under investigation by doj over public statements made by the company and ceo elon musk. federal prosecutors are understood to have opened a fraud investigation after musk tweeted last month he was contemplating taking tesla private and has funding secured for the deal. tesla shares have fallen by almost 25% then. they are marketing a 3.5 billion it continues the long task of cleaning up its balance sheet after a 2012 bailout. bloomberg has learned the deal is split between 1.5 billion a 2 billion euro portfolio of real estate owned properties. residence on which the bank foreclosed and which have failed to sell at auction. apple, who are embroiled in a global fight,

this is bloomberg. ♪ matt: welcome back to bloomberg markets. this is the european open.11 minutes into the trading day. equity indexes are falling across the board in europe. yesterdayfone received another upgrade by citi . shares moving half a percent higher. concentrate on the positives, being growth in germany and u.k. markets. the biggest gainer on the stoxx thanks toran, settling a deal over its engines. shares higher by more than 4%. misseddownside, novartis a deal to sell $900 million of its u.s. generic business to an indian company. the drug company is falling with the rest of the market. guy: thank you. bring you one of our exclusive interviews at the aviation festival in london. up 5.6 from a year earlier. 5.5 number for the last month, kind of static. rianair dealing with strikes and staffing issues over the last year. joining us now is the ceo of easyjet. numbers, but do you think you benefited from any kind of trade across from rianair? how did its strikes and cancellations benefit euro? -- benefit you? >> we are quite pleased with the numbers that we have

this is bloomberg. ♪ caroline: this is "bloomberg markets." for a report at the top of the hour. emma: we are looking at the technology select spider etf down around about a percentage point today. the second-worst performer on the s&p 500 when you look at sectors. semiconductors are really dragging things down. concerns about weakening industry demand driving the whole sector lower. take a look at the semiconductor index. down around 3% over two days. today, all but two of the 30 members of that group and the philadelphia semiconductor index are in the red. so who are the biggest laggards? technology and applied materials all following in quite a big way today. one is down almost 10%. equipment used in the production of semiconductor stocks, and what we heard today as they are softening the outlook for the remainder of the year. the cfo was speaking at a technology conference and said the december quarter feels like it will be up a little less than originally expected. this comes after morgan stanley came out with a note looking at some i con

this is bloomberg. ♪ this is the european close on "bloomberg markets." i'm dani burger.shing the day and you're being trading. a.m. concerns still waiting on the spanish benchmarks here. one of the worst performing . also looking at u.k. stocks down today. a stronger pound absolutely weighing on the benchmark. really has been a pretty interesting story so far today. they were up earlier in trading. now they are down 2/10 of a percent as much talks get underway. let's look at some of the individual stocks moving the markets. we did have some earnings stories out today that actually moved. this is one of the biggest movers on the year of stoxx 600 up more than 6%. the company boosting its full-year outlook as well as settling a dispute over one of its engines. we also had miners on the move. one of 3%. signing a deal with brazil, helping its factories to be closer to full production. is one of my favorite stories. it is not company specific, but the company was included into the dax today. it replaced commerzbank in the main european gauge. now let's go and look at some of

this is bloomberg. ♪ taylor: this is bloomberg surveillance.r are coming under congressional pressure to make their roles on content clear. twitter ceo jack dorsey and facebook's number two sheryl sandberg testified between -- before a senate committee. both companies committed to howg better at explaining they block and sort content. a la is seeing weakness in the price -- will knock says that as much as $.10 a share off their quarter earnings. earlier, slumbered or said potential could be lower than expected. hong kong has surpassed new york as the home to the most ultrarich. the number of people in hong kong worth at least $30 million increased by about a third last year. almostk is almost -- has 9000. harris be out london for the european title. that is your bloomberg business flash. -- paris beat out london for the european title. that is your bloomberg business flash. scarlet: futures in the green. here is a chart that highlights how more and more firms are starting to sound the alarm on an overpriced u.s. stock market following a nine an

this is bloomberg. ♪ haidi: this is bloomberg markets: asia.merging markets investors have a lot to take in this week. we are awaiting further developments in the trade spat. other recent investors are also looking out for. in 20 minutes we get china's manufacturing sector. could be the meantime setting the tone for emerging markets once again. inflation data is due out on monday. that is expected to see a boost from 25% appreciation of the lira. the bank is expected to hold inflation outlook. friday brings august numbers in the u.s. they expect to see the unemployment rate falling to 3.8%, matching the lowest since 1969. david: a lot to consider. joining us now is kim. nice to see you. do you think this week will be good? >> unfortunately another challenging week. david: why? >> the uncertainties about trade are still lingering. theink we nearly finished corporate profits results announcements. it has been going quite well. i think investors are not really looking at fundamentals right now. they are looking at the future, and the future is a l

this is bloomberg. ♪ is bloomberg. ♪ emily: this is "bloomberg technology."ek, president trump is expected to roll back protections and whether the most emily: thishoughton greenhouse , methane. greenhouse gases, methane. in contrast come on monday, california governor jerry brown signed a measure in to get the state using 100 sent clean power by 2040 five. california joins hawaii as the second state to set a goal of eliminating the use of fossil fuels. he carbonization of the energy supply is one that tied to say all states and nations must do as quickly as possible to stave off the worst impacts of climate change. joining us is stephen monroe. in california do this >> the cost of energy storage or battery storage which will be a major means of carrying this out continued in default. we have every reason to think it will keep falling after that. we are seeing the economics of solar and wind get better. >> economics are getting much better. california draws from a long extension cord, if you will. in addition to the power that it generates in state, californi

>> good morning from bloomberg's european headquarters. this is "bloomberg daybreak: europe." trade talks at risk. asian stocks slide after president trump issues fresh terror threats to china. china.ff threats to goldman sachs warns india's stock value may be coming to an end. preparing for the worst. deals preparing for a no brexit has chosen the location for its new eu have. yes, we have an existing operation in frankfurt. location whereti frankfurt is going to be the base. good morning, everyone, and welcome to daybreak europe. if you're just waking up, let's get you up on the markets. after two days of gains we are seeing asian stocks excluding japan opening lower. japanese markets are closed. a lot of asia and terms of the equity market is being hit as concerns around trade tension are resurfacing. if you look at the london metal exchange, the industrial metals declining. most by more than 1%. nickel leading. copper down by 1.5%. treasuries not trading right now, with japan's markets closed. you can look at the futures of you want to see where the action is. that 10 year

mark cudmore, our bloomberg mliv strategist. you can follow insights on the bloomberg at mliv . let's get the first word news update. juliette saly has the from singapore. juliette: u.s. president donald use his address to the united nations to reassert his america first worldview. he chastised the world -- the regimes of iran and venezuela and offered a rejection of the un's multilateral approach. he prompted laughter as he lot of the success of his administration. -- as he lauded the success of his administration. pres. trump: we have accomplished more than any other administration in the history of our country. so true. [laughter] did not expect that, but that is ok. the u.k.'s prime minister will use low tax to make post-brexit britain an economic powerhouse. in her address to the bloomberg global business forum, theresa may will say britain will have the lowest rate of corporation tax in the g20, making it one of the most business friendly economies in the world, as well tobeing a sales pitch foreign investors, the comments will be aimed at eurosceptics in her party. she gi

this is bloomberg. ♪ >> this is bloomberg surveillance. let's get the bloomberg business flash.a merger for the biggest carriers. bloomberg has learned there is a proposal to merge unicom and telecom. both companies are state-owned. china is in a state -- is in a race with the u.s. for five g technology. the largest advertising company named a new ceo. forecasts the profit margin squeeze for the full year but boosted its revenue outlook. the netherlands-based bank ing will settle a dutch investigation into money laundering and corrupt practices. the bank technologist what it calls serious shortcomings. that is your bloomberg business flash. tom: it is a sunrise over washington. a beautiful september morning. much going on. the brett kavanaugh testimony going on. kevin cirilli joins us. our chief washington correspondent. abruptly canceled his schedule yesterday. why did he do that and what did he do? >> what we are hearing is that he was supposed to go golfing. this comes as $200 billion worth of chinese tariffs are expected to go into effect as early as thursday. he was working

this is bloomberg. ♪ is bloomberg. ♪ haidi: i am haidi stroud-watts in sydney.ry: i am sure it -- i am shery on in new york. you are watching "bloomberg daybreak: australia." the tariff war starting to hit investment in an otherwise growing economy. will this affect rate hikes? kathleen hays is here with a look to the latest beige book survey. what i found interesting is that you are seeing the impact of the trade disruptions, but it is not being felt in selling prices as of yet. kathleen: but this is early days. the fed is sure i am thinking, we have been waiting for this to show up. first it did not, now it is starting to show up among businesses. how long before it is passed on to the consumer? the fed beige book is a survey it does before every meeting, before every meeting of the m -- of the fomc, each bank takes a report, a summary. book saide, the beige tariffs are "contributing to rising input costs." in other words, mainly in manufacturing. also, that a number of districts saw their businesses scaling back, postponing capital investment. take a look at

this is bloomberg. vonnie: thank you. much more ahead on "bloomberg markets." we will be speaking with neil mackinnon. his thought on the uk's economy and what will happen next in brexit negotiations. and you will hear more from our exquisite interview with sergio almonte about the new european hub. this is bloomberg. ♪ york, i'mve from new vonnie quinn. julie: i'm julie hyman. this is the european close on "bloomberg markets." vonnie: share has risen the most and 10 years after the fashion retailer reported sales growth that's of analysts by surprise. joining us is charles allen from london. charles, it goes in cycles. it did great and then had a poor period and is now all of a sudden outperforming. what is driving the pickup? charles: i think we have to remember it was a sales increase after three south scooters and we just got in local currency terms 4% sales increase, which is not that great and probably implies another decline. boost,ly, currency did and they got 9% reported sales increase. julie:

this is bloomberg. rishaad: let's get to the trade war following the imposition of new tariffs. china released a white paper laying out a plan to support the economy. yvonne: let's look at how that could impact markets. garfield reynolds joining us in hong kong. do you think china provided enough clarity? >> it is looking that way. there was an understandable drop at the open, which came online in shanghai and shenzhen. only 0.9% at the most. they are waiting also to discover what they get out of that. investors look like they are not about to give up on last week's rally. kongps what we saw in hong was more of a locally driven issue. we were asking the question, will it be enough to sustain the rally we saw last week. we are down. why is it that hong kong seems to be pricing in bad news everywhere, including possibly a bad harvest of beans or something. this is what happens when liquidity gets withdrawn. that has happened for a long time. hong kong was pumping in the liquidity to stop the hong kong dol

i'm haslinda on men and this is bloomberg. i'm haslinda and this is bloomberg. trump wroteent there is no necessity to keep canada in the new deal. he warned congress not to interfere or he would simply terminate nafta and kerley -- entirely. like the proverbial rug has been pulled. it really does. my way or the highway view. this is what he laid out. he really did say this is what i want. congress, get out of the way. thear, it is the end of nafta talks. seem late in the day on friday. he saw them come back on that optimism whether president trump has turned the applecart over once again is hard to say. there are those who are urging the president not to focus on minor points but to talk about the 600ter about billion in bilateral trade that they have every year. is unclear who in the administration is possibly giving that message to the president. there seems to be a disconnect between what the president and congress expect out of these talks. does he have the authority to do so? >> it is a founding fathers being. he could certainly go ahead and negotiate what

> on the bloomberg.l of our top stories. you can also customize your settings so you look at the stories you want. you see commodities they are jumping in new york. dayb . this is bloomberg. ♪ is is bloomberg. ♪ haidi stroud-watts in sydney. shery: you are watching "daybreak: australia." a check of the latest business flash headlines. the drawnout battle for control of british broadcaster sky may be settled in an abbreviated bid it -- bidding war on saturday. an auction lasting one day has emerged as the favorite way of ending the $34 billion battle between 21st century fox and comcast for europe's biggest satellite broadcaster. sources say details are yet to be finalized including whether to accept open bids or not. haidi: the unit of china's hna group has scrapped a $1 billion plan to buy an e-commerce company on the mainland as it tries to lower cost and sell assets. it withdrew its offer and will hold a meeting on friday to explain why a global bryant -- buying spree left them with the highest de

this is bloomberg.ncine: let's focus on emerging markets and the msci emerging markets index is pushing higher after action from turkey's central bank set off a substantial rally yesterday. this comes as a has undergone its fourth slump since 2014. individual countries of from argentina to turkey have their own challenges. the fed has also played a key role in triggering the stress as it looks to move away from emerging monetary policy. what next for the secretary? ,oining me now is bhanu baweja deputy head of global macro strategy at ubs limited. how should i look at emerging markets today? yesterday we had the turkish central bank trying to show their independence. will it work? near-termhink for the things should get a little bit better. draghi is saying he is still going straight ahead with normalization. china's total social financing number a little bit better than expected. ughtink the kind of wro we have seen in em in the last few months, i think we get a small buying opportunity. -- the em sell

this is bloomberg. ♪ manus: good morning from bloomberg's european headquarters.this is "bloomberg daybreak: europe." manus: china sticks to its guns. beijing says it will not negotiate with a knife at its neck. shares on the csi 300 are lower. markets are shut. nejra: the eu president inflation comments move the euro. macri president mauricio sews -- tells bloomberg there is no chance his nation will default. welcome to "daybreak europe." we are getting a real sense of the reality of what is going on with trade wars. the reality is the chinese markets are lower. the japanese markets are higher. you have copper under pressure in london. would be traders, traders of the metals and -- in hong kong. london really feeling the heat. you have copper in london really getting battered. there is a different story in china. is there a resilience to trade wars? peter oppenheimer, we will get more later on, he says there is. the dax coming back to unchanged. likewise with paris. you also have iron ore under pressure. we are waiting for the next results. nejra: a bit of a mixe

this is bloomberg. ♪ nejra: this is bloomberg daybreak: europe. 6:19 in london. doing much right now. for us inaly is busy singapore with a bloomberg business flash. juliette: hi nejra. willba confirmed jack ma step down as chairman a year from today. daniel chang will succeed him. in an exclusive interview last week, ma told bloomberg about his plans for the future. isi don't think any problem solving what will happen. i have full confidence in my team, and full confidence in our structure, which a lot of investors don't like. hong kong don't like, new york don't like, so perfect. it's the system, i think is the contribution that i and my team build to this world. and people in the future will love it. can make the company last long. juliette: cbs has confirmed the departure of ceo les moonves after fresh allegations of sexual harassment. the company named joseph amlo as women ceo after six more came forward with inappropriate behavior or assault, with claims going back decades. moonves has denied any wrongdoing. leonardo says atr, which it co-owns with airbus,