>> we are joined by greg stohr with bloomberg news uncovers the supremee court. his latest story if you were to go online to read just the headlines supreme court opens new term by kavanaugh driven insurgency. good morning. >> are to be here. >> the headline says it all. expand on where barack. >> we are now waiting for the fbi investigation is supposed to take no more than a week. a handful of senators haven't decided whether they will vote for himse or against him. not clear whether the fbi investigation will change any minds. you know, the outcome highly uncertain at this point. >> tamino at the current mood of the current justices have over these issues going outside the court? >> is certainly set in the past they really don't like it. especially justices who think about it the more towards the center. chief justice roberts, justice kagan, justice -- justice breyer. they don't like being perceived as republicans or democrats. to the extent this process which is inherently political has gotten more political than normal, that has to be something are very unhap

i think you can follow this on life go on your bloomberg if you think this is the news that is bloombergight now. reaction to president onmp's orders to lift gasoline that contain asset -- ethanol. senator aboutkey this move, have a listen. big win not only for biofuels but also america's farmers, those who are growing .orn, those producing ethanol iowa is the number one producer of corn and ethanol. it is good for our economy and provides additional choice. >> it was interesting to see that president trump in remarks yesterday said he is concerned about the price of oil and wants go down. that means having to lift something like the ethanol ban, he would be willing to do it. >> absolutely. again pushing for stronger economy and regulation. making it available year-round lessons the regulatory burden on our retailers. that is a really good thing as well. very excited about the move. i think the president is upholding his campaign commitment and also making it easier on consumers. >> you fought hard on this and it was a long battle particularly with the acting director of the eca, and --

if you want to hear more of his comments, go on the bloomberg. in newoomberg. ♪ mark: i am mark crumpton with first word news. thatpical weather system rapidly strengthened into hurricane michael likely to keep growing stronger and has an expected strike on florida's panhandle by the middle of the week. the national circuit -- national hurricane center says it could become a hurricane with dickies level milesping 100 -- 100 and 11 miles per hour. it could produce flooding along the stretch of florida's gulf coast. he thinkstrump says the way the confirmation of supreme court justice brett kavanaugh was handled will have a major impact the next month's midterms. the president spoke to reporters before leaving the white house for florida to speak at the annual convention of the international association of chiefs of police. pres. trump: i think you will see a lot of things happen on november 6 that would not have happened before. i think a lot of democrats are going to vote republican. because i have many friends with the democrats. mark: the president wi

if you like bloomberg news, check us out on the radio. listen on the bloomberg app, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪ emily: on tuesday, evidence revealed a major u.s. telecommunications company was the latest caught up in the chinese computer hack revealed by "bloomberg businessweek." the company discovered the manipulated hardware from supermicro equipment and removed it in august. bloomberg tech editor thomas giles explains. thomas: the supply chain remains under threat. the chinese have ways of getting at the components that end up in our data centers, u.s. data centers. in this instance, researchers working on behalf of this telecom company found -- it is a slightly different type of manipulation, but hardware was manipulated, hardware that originated in china, made its way into the u.s. supply chain, had been manipulated, had its origin in china and it was found out and has been removed. so what it does is indicates that, again, parts of the supply chain do remain vulnerable. emily: you have a research

they could even pick up a seat in this year that otherwise avors democrats. >> bloomberg news also reportingew and interesting numbers when it comes to campaign donations. the biggest spending so far has been health care. so how much money are we talking about and why is the industry spending so much? what do they want? >> that's correct. the health care industry is spending a lot of money. through their, what are known as political action committees or the official political arm of these companies. they spent $46.7 million in this campaign cycle. this campaign cycle as a side note is projected to be the most expensive in midterm election history. as elections get more and more expensive, these p.a.c.'s are increasingly contributing more and more it. tips the playing field in these elections toward the companies and the wealthy and big industry groups. among health care spenders, doctors leading farm suit -- pharmaceuticals. but we've seen a wide range of health care issues have been at the center of several campaigns. democrats campaigning on protections for people with pre-existing conditi

this is bloomberg. ♪ shery: more breaking news on the bloomberg.inister speaking in tokyo, saying they are having positive effects from monetary easing, that he doesn't think the direction is wrong when it comes to monetary policy, also saying that wages have been rising, that jobless rates are low. today we got data on the tight labor market that got much tighter than expectations. canof the japanese yen we substantively, right now standing at 112.51. haidi: let's take a look at oil now. petrochina and sinopec are two of the biggest chinese companies. going to get a preview of their numbers, what are we expecting from these energy giants? heidi. morning, -- haidi. sinopec already put a warning on profit. the quarter specifically, their profit may fall compared to second-quarter, up to 20%. we know sinopec is the world's biggest refiner. much higher price is really more harmful than helpful. a lot of people will be watching in the quarter what they may do, whether they have guidance for the fourth quarter. an petrochina, it is mostly upstream. most

foundingloomberg, majority member of bloomberg news and bloomberg lp is a you and special envoy for climatection. "bloomberg technology" live streaming twitter. follow our global network tictoc on twitter. more coming up. this is bloomberg. ♪ musk's spacex is having the steady success that has eluded him at tesla. the 17th launch of the year sending an argentine satellite into orbit. the rocket landed at vandenberg. spacex completed a teen -- 18 last year and is on track to exceed that. a majority stake in closely held rocket software. the deal is valued at $2 billion including debt, rocket offers tech services to companies using ibm products. spending will be increased on research and development. rocket is owned by foursquare capital partners. the bitcoinff has exchange restructures operations amid a selloff in cryptocurrencies. financial news reported the london-based exchange will cut 40 employees. the ceo told financial news it is practice to assist staff numbers according to environmental changes and a significant trade volume change in the market. cryptocurrencies have crashed in 201

joining us on bloomberg television and radio. from new york, this is bloomberg. ♪ you are watching "bloomberg markets." just after 1:00 p.m. new york time. i am vonnie quinn. a quick check of the markets following that interview with the commerce secretary, canadian dollar strengthening even farther, with the markets nlearly taking this as a w for canada and mexico. the u.s. mca. where there was a treat deal. it has pared back some of those gains. the top performer in the s&p 500 is general electric with the new ceo. we will get to that in a moment. nymex crude oil is trading very close to $75 a barrel. with the naftal replacement. president trump wrapping up a news conference little while ago which also took in some brett kavanaugh questions. have a listen. pres. trump: it is my great honor we have successfully completed negotiations on a brand-new deal to terminate and replace nafta. kevin cirilli joins us now with the latest from the white house. we just heard the commerce secretary saying at least, for example, in autos, the 250,000 j

ed ludlow, bloomberg news, detroit. emily: that was bloomberg's ed ludlow.g with tesla, the company will pay $140 million for the land where it will build a factory in china. this is the first outside of the united states and the first time china has allowed a foreign automaker to fully own a factory there. the facility will allow tesla to sidestep tariffs sparked by the trump administration's trade war. still ahead, silicon valley's reputation is taking a beating. with sam with the -- we sit down with the always opinionated steve ballmer. this is bloomberg. ♪ emily: the all-stock deal worth $2 billion would allow users to now manage emails in the software developing program. it is a unit of the company and the deal is expected to close in the first half of 2019. silicon valley's reputation is taking a beating. the public's love affair with big tech is over. former microsoft ceo steve ballmer sat down with us on wednesday to talk about the current environment for big tech as well as a new clipper ai sports initiative. steve: day in and day out, the technolog

this is bloomberg. ♪ ♪ vonnie: from new york, i am vonnie quinn. is the european close on "bloomberg markets." president trump says it looks like jamal khashoggi is likely dead. he also warned saudi arabia of severe consequences for the killing. all of this is putting pressure on the crown prince to provide answers. we are joined by the bloomberg opinion columnist. if presented with credible evidence jamal khashoggi was killed inside the saudi arabia consulate, is there a moral policy andfor u.s. corporations to a strange themselves -- estrange themselves from saudi arabia? >> i think the argument is very strong for anybody who knew jamal as i did to react very strongly to the murder of a friend. i think that is having a big effect on the public debate. at the same time, it is crucially important to remember foreign policy has to be made on the basis of moral and practical considerations that go beyond one individual. i think we need to keep a balanced perspective on both things. vonnie: who does the president was into? on one hand, people are sayi

bloomberg. let's get the first word news with debra mao.official gaze at china's economy showing manufacturing numbers continuing to worsen in october. to 50.2 caning fell be lower than economists were forecasting. manufacturing pmi also worse. businesses getting increasingly nervous about the u.k. government's ability to pull off a brexit deal. optimism slumped in october to the lowest level this year according to a survey published by lloyds bank. the drop was felt in almost all of the country, across large and small companies. a separate work showed consumer confidence falling in october -- report showed consumer confidence falling in october. jamie dimon says investors shunning me saudi arabia conference accomplished nothing. he said business with the gulf nation continue. is, if was -- the issue the event took place, we do not an investment, conference we could not be seeing condoning that behavior. says the lion air jet that crashed monday may have been found. the armed forces chief says they have identified the possible c boyd -- sea

former new york city mayor michael bloomberg visited new hampshire to support candidates for statewide office at an event hosted by the group moms demand action. they talked about gun control discussion ond midterm elections and whether he plans to run for president. [indiscernible voices] mayor donchess: i am jim donchess, the mayor here in nashua. [applause] i would like to welcome never went to nashua city hall, and welcome mayor bloomberg to our great city. [applause] i am just about to introduce john feinblatt, a very interesting man. but i want to remind our out-of-town visitors that out in front of city hall, to the left as you come in the front door, is a bust of jfk, and that has been there for 50 years or so, maybe more. jfk did his first campaign stop when he was running for president right out here in front of city hall. [applause] kind of an interesting fact, i think, for mayor bloomberg. [laughter] in any event, john feinblatt is a very interesting guy, he's the president of everytown for gun safety, which is the largest gun violence prevention organization in the united

bloomberg anywhere app. you can also customize your setting so you only get the news on industries and assets that you care aboutthis is bloomberg. ♪ shery: you're watching daybreak australia. let's get a quick check of the business headlines. volkswagen is said to be close to hiring advisers for an ipo of its heavy truck division. say citigroup, deutsche bank, goldman saks, and jpmorgan may be named global coordinators for the offering. bloomberg intelligence says the truck business has a value of more than $33 billion. the recently rebranded unit would use the funds to challenge market leaders daimler and volvo. haidi: google has decided not to compete with the pentagon's cloud computing contract saying it may conflict with its corporate values. the project involves moving huge amounts of defense department data to a commercially operated cloud system. the contract is valued at up to $10 billion and bids are due on friday. earlier this year google declined to renew a pentagon deal on artificial intelligence. >> jaguar land rover is planning to close its u.k. plant for two weeks after china triggered a sales sl

this is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. this is "bloomberg: markets."lling as the saudi's insist politics will not interfere with the company's oil production. larry is at the cme for us. wti. on a barrel of we are losing ground. how has the market taken into account what might happen with saudi arabia? larry: when you consider last week a new low point in relations and oil drops and we have three weeks in a row of stocks rising, i think people are spooked by the prospect of demand. that is something i've been talking about for a long time, considering we had a $12 rally between august and september on things that did not come to fruition. we think it is a huge selloff but i think it is a bounce back to reality again considering demand growth is going to be strengthened. the strength of the dollar with emerging-market currencies -- oil is well over $100 a barrel and emerging-market countries. not to mention, we are seeing more supply come in from the countries we do not think would make up the slack. lastly, consensus in fourth-quarter we will be half a

next, former new york city mayor michael bloomberg visited new hampshire to support candidates for statewide offices. this is 35 minutes. action. talk wasnible bracket -- [indiscernible talking] r there in the mayo nashua. [applause] i would like to welcome never went to nashua city hall, and welcome mayor bloomberg to our great city. [applause] introduceabout to einblatt, a very interesting man. ourit went to remind out-of-town visitors that out in front of city hall, to the left as you come in the front door, and that hasjfk, been there for 50 years or so, maybe more. his first campaign stop when he was running for president right out here in front of city hall. [applause] fact, ian interesting think, for mayor bloomberg. [laughter] feinblatt, isjohn a very interesting guy, is the everytown for gun which is the largest gun violence prevention organization in the united states. [applause] he is a senior advisor to mayor bloomberg, and in addition to his role at everytown, he has led efforts on immigration reform, it infrastructure investment and marriage equality. so we want to thank you fo

, founder and majority owner of bloomberg news is a you and special envoy -- is a u.necial envoy for climate action. check us out at technology and follow tictoc. we have more coming up. this is bloomberg. ♪ emily: elon musk's space-x having the kind of success that has eluded him at tesla. side ofch on the west the country landed at vandenberg air force base and it completed a record eight emissions last year and is on track to exceed that in 2018. is making aty bank deal at $2 billion for rocket, which offers tech services using ibm products. the deal will allow it to increase spending on research and development. rocket is owned by court square capital partners. and .4 will cut staff as the looks atoin exchange revising operations. financial news reported on monday that the london-based exchange will cut most of its 40 employees. the ceo told financial news that the normal business practice is to change numbers for staff according to changes in the environment. and they have seen is an evident change in the market in trading volume. cryptocurrencies crashed after th

if you like bloomberg news, check us out on the radio. sten on the bloomberg app, bloomberg.com, and, in the u.s., sirius xm. this is bloomberg. ♪ emily: well tesla seemed to have quelled investor fears earlier this week with its production numbers, the good news was short-lived. shares plunged after elon musk went into overtime with more than one dozen tweets targeting the sec and short-sellers. in one post he mocked the sec saying "just want to say that the sec is doing incredible work and the name change is on point." he then continued his tirade tweeting short-sellers are value destroyers and it should definitely be illegal. this comes less than a week after muska settled a lawsuit over his funding secured tweet. the deal, which has yet to be finalized will remove musk as , chairman and implement controls over his communications and social media. here to talk more is max chafkin. max, that did not last long. could these tweets compromise the settlement with the sec? max: it's possible because the deal is not final. as part of the deal,

during the 12 years of the bloomberg administration in new ofk, john held the position new york city criminal justice coordinator. in 2010 he was appointed to be the mayor's chief policy advisor. mayor bloomberg at new york city hall, john was the founding director of the ander for court innovation, founding director of the midtown community court. with that i will ask john to come up and say a few words of, and introduce mayor bloomberg. so, on up. [applause] -- o come on up. john: thank you, mayor. is lucky to have you, and everytown. thank you for hosting us today and opening city hall to us. earlier this morning mike and i had the pleasure of meeting with six incredible moms demand who areolunteers, running for office here in new hampshire. it was an extraordinary conversation. we talked about policy. we talked about politics. but there was one thing all the moms got wrong in that conversation. but were thanking us, were here to thank you. [applause] we are here to thank you, and the nearly 1000 other moms volunteers, for your courage, your courage to do what is right, your courag

ed ludlow, bloomberg news committee try. emily: bloomberg's ed ludlow there.er this report came out, thatness insider" reported manufacturer had left the company. speaking of tesla, $140 million will be paid to where they build a factory in china. this will be its first outside the u.s. and the first time china has allowed a foreign automaker to fully own a factory there. the facility will allow tesla to sidestep tariffs sparked by the trump administration's trade war. coming up, recreational marijuana comes to canada. will the first major economy to legalize pot start a global trend? this is bloomberg. ♪ emily: this is bloomberg technology. i'm emily chang. canada is going green. wednesday it became the second nation ever to legalize recreational marijuana. more than retail locations have 100 opened up across the country in celebration. one company is celebrating the movement. can growth, the nation's largest producer. canopy growth was the canadian first grower to debut on the new york stock exchange in 2014. it now has a valuation of more than $10 billion.

ahn ati'm shery bloomberg world tech orders in new york. kamaruddin -- at bloomberg world headquarters in new york. sophie: i'm sophie kamaruddin in hong kong. opene counting down to the of major markets. here are the top stories we are covering over the next hour. a secondks come down day with the s&p in its longest slide since 2016. its best gain in two years.

jonathan: from new york city, this is 30 minutes dedicated to fixed income. this is "bloomberg real yield." coming up, the fed determines to keep hiking, sending two year treasury yields to 10 year highs. a book -- a booming leverage loan market getting bigger, overtaking high-yield debt. and italian bonds ending the week on a better note. the eu striking a conciliatory tone. we begin with the big issue -- investors on edge. >> it is not a fantastic world out there. >> the market is vulnerable. >> you are seeing stocks and bonds act differently than they have in the past. >> it is very hard to be too optimistic at this point. >> investors got too complacent, they thought nothing could go wrong. >> the sugar high from the fiscal stimulus will absolutely fade. >> we fell in love as a community wrongly with the notion of a synchronized pickup in global growth. >> as long as credit is hanging in there, it looks like more of a technical equity correction. our thinking is we have not seen the top yet in this cycle. >> bonds are no longer that anchor to windward. and if rates are movi

turning out to the bloomberg first word news. the u.s. senate had to a make or break procedural vote on judge brett kavanaugh as lawmakers digest an fbi investigation into allegations of sexual assault. a single copy of the report was made available with some senators grouping together to hear a staffer read it. the white house restricted the inquiry. republicans claim the allegations of not been corroborated. >> the senate should not set a fundamentally un-american precedent here. 's right to basic fairness does not disappear just because some disagree with his judicial philosophy. juliette: china has hit back at claims by the u.s. vice president of election interfering. beijing branded the allegations of unwarranted. pence said the country was attempting to sway american coerciveinion using measures and a propaganda campaign. >> chinese security agencies have masterminded the theft of american technology, including cutting-edge military blueprints. technologyhat stolen , the chinese communist party is turning plowshares into swords on a

only number you need to remember is one business show you can't afford to miss the one and only bloomberg. news in the world. under. total room go to. save money we didn't. owe you are we go to. this movie for your. somebody who is often called the kingdom of wonder and phnom penh has the jewel in its crown there is work and opportunity here the new arrivals from the provinces every day but there is also a thriving sex trade the preys on vulnerable young girls. caught oz wasat. i don't know if you. know about that but i'll go. for that. for many years pick lived with him rep that went on to died she was forced to leave school on time. when she was just fourteen she made the journey to phnom penh. it was the star. sign one of. somebody coming in. with. real. numbers. and some people up and. moved in with a friend but it wasn't. a . fun day. so i hope. i'm not. being. people who were supposed to care about her to run away she decided she would try and look for different work. your mom. may not make. you have the. snowman is a dangerous place for a homeless young girl. not. one. not so you. want.

i am an editor at bloomberg news. before we get into our programs today, let's recognize the members of the headliners team that made today's event possible. if you are in the room, please stand up and be recognized. lisa matthews, laurie russo, tamra henson, danny selleck, bill ward, lindsay underwood, laura coker, who manages the office of the president, and bill mccarran. thank you all. [applause] andrea: paul ryan has been characterized as the reluctant speaker. after giving up his beloved chairmanship at the ways and means committee he took over the speaker's gavel in late 2015 when john boehner left the post. now after two decades in elected office and a stint as mitt romney's vice presidential running mate, speaker ryan is free to return home to wisconsin where he has lived his entire life and be known as just paul. or, he could follow a trail blazed by many of his predecessors, and take a spin through the revolving door, or run for president. [applause] mr. ryan: thank you, media. andrea: i would take a moment

this is "bloomberg." global newsd at tic toc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. -- i'm emma chandra. this is "bloomberg." christine lagarde says the trade conflicts affecting global growth overall could affect emerging markets hard. >> countries need to work together to build a global system that is stronger, fairer. the stakes are high. global value chains could have a devastating affect on many countries, including advance come -- advanced countries. it could prevent emerging countries from reaching their full potential. david: joining us now is damian sassower. saira malik is still with us. put a chart to appear which is profit a look the united states, the white line. the blue is emerging markets. where are we with the emerging markets? saira: emerging markets has had disappointing returns. earnings estimates are not holding up. issues in india, china, latin america. we need to work through these. we have a strong dollar and tariff issue. valuations are beco

bloomberg anywhere app. you can also customize your settings to get the news on indices and assets you care about. erg. ♪ shery: this is -- haidi: "daybreak: asia," this is haidi stroud-watts in sydney. shery: i'm shery on in new york. of 1%kkei falling 2/10 after falling the most since march. we see more downside pressure for japanese stocks. though rebounding after seeing the loss that -- longest losing streak since 2014. the korean won the weakest in one week. 3/10 of 1% --wn 0.30%. lowest level in april after u.s. stocks took a beating on wall street. said, aregarfield these green recovery, or are they get cap with the final? the big mover today is ashley dollar one, which is we can the most in about one month since the more positive unemployment numbers. we also see a strong recovery in the aussie and kiwi dollars. ♪ haidi: it's a: 30 in hong kong, we are one hour from the opening of trading. what does the day hold when it comes to -- do we get a recovery when it comes to mainland markets? it had a horrible extreme selloff in the thursday session. hong kong also not faring better. tencent cont

bloomberg app. you can customize settings so you only get news on the assets and companies you care about. erg. ♪ shery: let's get a quick check of the latest business flash headlines. ford elevating its china operation to a standalone unit. at coorsiously worked automotive. said in july he was extremely 480satisfied after losing $ million in china in the second quarter. the carmaker is investing in electric vehicle production there. harley davidson posted one of its worst domestic sales results in years, and warned there is no quick fix. the steepest quarterly drop in more than eight years. u.s. demand has declined in 15 of the last 16 quarters. overwhelming tepid sales growth abroad has not been helped by president trump encouraging a boycott. blackrock's interest in buying a minority stake in tesla has called after recent meetings failed to solve an impasse over price. arings talks this month following the recent decline of financial stocks in the broader italian market. let's get a quick check of the major markets trading in asia. the japan nikkei gaining ground 3/10th of 1%. that after

new program. will it be enough? this is bloomberg"words with friends" and farmville could be getting a new owner. zynga has attracted interest from other developers. no formal talks have taken place yet, but the san francisco-based company has reportedly received preliminary approaches. zynga has a market value of $3.3 a millionth over players. it's always been hard for musicians to make a living and technology has made it even more difficult. even with a million streams, don't bring in much more than $10,000. soundcloud's hoping to make a dent in that trend. thanks for joining us. you are rolling out a new monetization program today. what is it mean for creators and for listeners? >> will now be rolling out the ability to monetize directly on soundcloud. anyone with a soundcloud unlimited subscription, meaning -- largest group of soundcloud has always been defined by offering traders and expensive set of tools to trade with their world however they wish. we are excited to roll out the ability to make money directly on the platform t

live from new york, this is bloomberg. ♪ live from new york, this is bloomberg. ♪ from new york city,s dedicated to fixed income. this is bloomberg real yield. coming up, that that determines to keep hiking, sending two year treasury yields to 10 year highs. a movement leveraged loan market getting bigger, overtaking high-yield debt. italian bonds and the week on a better note. the eu striking a conciliatory tone. investors on edge. >> it is not a fantastic world out there. >>

david: from bloomberg's world headquarters in new york, i am david westin. welcome to "bloomberg markets: balance of power." fed.a smiling on the brian fall from boston on the aftermath of hurricane. i will start with you. markets are up and down. the president said it was the fed's fault. is he right? i think what we can definitively say is that the fed is not going to care. they do not look at the day-to-day moves in markets. it was a significant driver in their rate decisions. we will play when they have to say in a moment. meantime, brian is then boston. give us a sense of where this hurricane is and what it is doing. now, it is just outside of charlotte, north carolina, heading toward the atlantic. an winds are about 50 miles hour. it is going to move into the atlantic later on tonight and then head off. david: do we have a sense of how much damage it is doing so far, brian? brian: some estimates are $26 billion, but it is still very early. we will get a more exact number early on. david: let's go to our colleague londonderryer in when i came in this mor

right tone. >> anna edger toton with bloomberg news. you are very critical of democratic proposals of medicare for all. i was wondering if you think the ahca is the best way to fix -- >> the bill that we passed? >> yes. >> that didn't affect medicare. so the house -- >> right, but to fix the health care system, do you think the ahca is the best proposal? >> well, i think the house bill was the right way to go, because the house bill says you buy what you want to buy and here is a refundsable tax credit to purchase the plan of your choosing. i also think it is important to go back to the states to set up risk pool reinsurance mechanisms because that is the best way in my opinion to guarantee people with pre-existing conditions not just get covered but get affordable coverage, have more choices, and what it does, it stabilizes the insurance market for everyone else, so they get even lower prices and more choices. in wisconsin, when we had a risk pool, the 10% of wisconsin-ites in the risk pool could go any doctor they wanted to, any hospi

live from new york, this is bloomberg. ♪ bloomberg. ♪ mark: i'm mark crumpton with bloomberg's first minister's from the g7 group of industrialized nations say the explanations offered her the killing of saudi journalist jamal khashoggi leave many questions unanswered and those responsible for the death must be held accountable. they are calling saudi arabia's confirmation of the writers death inside the consulate istanbul a first step toward full transparency and accountability. the foreign ministers reiterated the need for a thorough probe that includes the full cooperation of turkish authorities. the european commission is taking an unprecedented step. budgetrejected italy's and ask that the government revise its plans. italy's prime minister says his government has no plan b to change the budget. he suggested to bloomberg that italy could tweak aspects of the plan, but not the substance. i am looking to sit around the table to talk to them and ex

bloomberg anywhere. you can customize your settings to get the news and updates. bloomberg. ♪ shery: i'm it shery ahn in new york. haidi: and i'm haidi stroud-watts in sydney. you are watching "daybreak: australia." let's get a check of the headlines. admittedo stepped down a -- amid an investigation. the bank instituted an investigation of the allegations. she was rigorously the most powerful woman in finance, but joins a list of banks ceos who lost their job. shery: muddy waters has found the canadian insurer. they claimed the life insurance mean billions of losses. they say they disagree with the conclusions, but muddy waters says they believe investors are not aware of the material risks posed by the file. haidi: struggling bookseller barnes & noble's rose the most since 2012 on news it is weighing interest in the several parties, including their chairman. despite the jump, the company's market is about $500 million, a fraction of its value a decade ago. years & noble has seen 60 -- six years of revenue decline. all-time lows were extended after the target was

you can follow the latest developments by going to tliv on bloomberg. global newsic toc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm kailey leinz. this is "bloomberg." tom: thank you. toata check before we get ibm. futures reversing, up 11. read on the screen one hour ago. a little weaker off the merkel news. a vix improving. here is the dow close on friday. ibm looking at 118 opening. francine: this is what i am looking at. on europeanement politics. the euro has turned lower following reports that angela merkel will quit as head of her party after nearly two decades. after the wake of the governing party's worst results in elections. we have the budget unveiled by chancellor philip hammond. european stocks, nothing huge. tom: we are thrilled to have with us neil shearing of capital economics with us. you get lucky with the ibm-red hat transaction. michael shaoul joins us. -- michael, i want to go not to bloomberg businessweek but to business week of a few years ago, 1979 where the article was on a mature company.

york,rom london and new this is bloomberg markets. ♪ it is 11:00 a.m. in new york and 3:00 p.m. y johnson. vonnie: i am vonnie quinn. this is bloomberg markets. guy: top stories from the bloomberg and around the world. witha merkel shocks europe news she is stepping down as the head of her party. she will remain as chancellor let for how much longer? the euro falls, but not by much. , beijing will cut sales of property taxes. tesla and volkswagen surging. head in the clouds. ibm pays ages as premium for services. big blue is down. it has rallied off lows. let us talk about where we sit with european markets now. this is the picture as we head toward the close. it is 3:00 in london, 4:00 in germany. the dax is trading up by 1.92%. supercharged by the auto sector. some of the suppliers are in there. some of the oems are trending up. this on the scoop around the chinese sales tax. we are getting a positive pickup from the idea a new german administration in berlin could and the idea that we have austerity in the german economy. this is the economy that runs balanced books. if that w

live from new york, this is bloomberg. ♪ bloomberg. ♪ mark: here is first word news. said the saudi king assured him the kingdom was not behind the disappearance of journalist jamaal khashoggi. is sending secretary of state mike pompeo to meet with the king. i was last seen entering the saudi consulate in istanbul. sweden's prime minister has been tasked with -- with forming a new government after his center-right libel was unable to reject cabinet deal. the prime minister has been leading a caretaker government since he did not survive a no-confidence vote by lawmakers in last month's election. parliament has given him two weeks to form a coalition. harvard goes to court today in a case that could determine the fate of affirmative action in college admissions. harvardent has sued claiming it illegally limits the number of asian americans it accepts. says race is only one factor in its calculation in approach favored by the supreme court. hesident trump is denying offered $1

bloomberg world headquarters in new york, here are the top stories on the bloomberg and around the world. on dollar is enjoying gains political risk. week we have tech earnings. the saudi blackstone discount. for anone cut a deal infrastructure fund. and beauty by the numbers. how a makeup mogul built a $1 billion business on instagram. under -- founder huda kattan. at first though, we have abigail doolittle. bruno: a lot of volatility -- as but a lot of volatility. not a lot of conviction from investors. the s&p 500 down 5% i'm a month, the worst month since 2015. this is the long way of saying neither the buyers nor the bears are willing to step up without new news on the day. the dow this we do have down about 6/10 of 1%, the s&p 13 down 11 of the last trading days, or on pace for that at the close. to give you an idea of the downility, the dow is about what it is now, but the s&p 500 and the nasdaq had been up 1%. lots of volatility. they movinge 200 average for the s&p 500 back in focus. this is a one-year chart. we see them moderating. this is not as strong as the 17, but we see a

this is bloomberg. ♪ ♪ this is "balance of power." i'm david westin. we have newse bloomberg. ron rosenstein has talked to president trump and he remains the deputy attorney general. i believe he was flying down on air force one to orlando with the president. he still has his job. there is the news right now from washington. let's check in on the markets. we turn to emma chandra. emma: thanks. we're still looking at a continued selloff in the u.s. it is across the screen for the u.s. major indexes. the dow jones down from 4/10 of 1% as s&p 500 is down contents of 1%. the pain is in the nasdaq. down for the third day and a row. down over 1% each day for the nasdaq. really feeling the pain at the moment, especially as we have heard about it continue deepening of ties between the u.s. and china. we heard there was an exchange between mike pompeo and his chinese counterpart in beijing earlier in the day. that is being felt across the market. certainly intact. a lot of tech companies with exposure to china. we know a number of them are falling today. we are looking at t

and if you like bloomberg news, check us out on the radio. is is bloomberg. ♪ emily: decades after the space race slowed down, it is revving a backup. it is not just the united states against the ussr, it is a race of being run by private companies like spacex, blue origin, and going. we sat down with the ceo of boeing and talks about the future. exclusiver conversation on how the 102-year-old company is trying to stay relevant on earth and in space over the next century. >> it is an exciting time in the earth space business. we have more innovation happening in aerospace than ever in our history. it comes in the new products, and services, like our new commercial airplanes, new defense products, but also the transformation on how we design and build robotics in our factories. things like artificial intelligence, autonomous aircrafts, high-speed aircrafts, so the time of innovation is incredible right now. it is a great way for us to draw talent to the future. emily: i know you are an engineer at heart and have been a boeing your entire career

coming up right here on bloomberg, an interview with the cisco ceo. live from newloomberg. ♪ ♪ >> i am scarlet fu and this is bloomberg "etf iq." ♪ scarlet: momentum stocks led the charge when u.s. benchmarks made new highs this year and got hit the hardest in the recent equity selloff area is it time to give up on momentum? do-it-yourself etf's. tony barchetto explains how his product aims to add to your product.

if you like bloomberg news, check us out on the radio and the bloomberg app. this is bloomberg. ♪ selina: uber is set for an ipo next year, but it looks like it will do so without a key executive. the head of corporate development has resigned after allegations of sexual misconduct , which the wall street journal says he was disciplined for an expressed regret. he played a key role in negotiating the $9.3 billion with softbank this january. how does uber move forward? our techive bring in reporter who covers uber. cameron has been called a trusted advisor to the ceo. he negotiated a live deals. what does it mean at of the ipo? >> he was a holdover from earlier days and the top dealmaker. he came in to help. it is a big avoid for the company. the company's cfo work in merrill lynch and is filling that role. cameron was leading corporate development and some of the business of element tasks have been moved to another executive. the firstis isn't departure. he reported on a lot executive turnover there. what is happening? eric: uber was going to bring in this out

new york, 1:00 a.m. in hong kong. welcome to bloomberg markets. ♪ vonnie: here are the top stories and from around the world. the strongest detector, white wall street may -- job security for the fed chair. seven days and counting. a week away from the first midterm election of's donald trump presidency. dividend.ashes its we will have a look at the action. let's get a lick it -- a look at all the stocks. abigail: we have the buyers in control but it is a shaky day. the major averages opening lower. the day of volatility. closing down this -- 2601%. that index is higher. it closes that way. sellers in control but the buyers trying to take control affirmed by the fact we have bonds lower. a slight risk that while on the highs. the high major averages of more than 1%. speaking on the part of incentives, a number of factors. shifting landscape. we have a rush into cash. in 2011, when the u.s. credit rating was downgraded the we had a big correction. time, the one to three months even, u.s. treasury bill surged the inflows looking for safety

news. let's check in on the bloomberg first word news. tropical storm michael storm michael has now become a hurricane and is taking aim the florida panhandle. michael is south of cuba's western tip. the current traction has it hitting florida on wednesday. it may bring a 12 foot storm surge and up to eight inches of rain. rod rosenstein will have his long-delayed conversation with president trump today. the president says it will take place on air force one during a flight to florida. that talk was promised after reports that he discussed secretly taping the president. he denied the reports, which prompted speculation that he might resign or be fired. the president has said he has no intention of firing him. u.s. secretary of state mike pompeo had what was described as a testy exchange with china's foreign minister in beijing today. he cited fundamental disagreements between the two countries. china's foreign minister accused the u.s. of increasing trade disputes and meddling in china's domestic affairs. two americans have been awarded t