stay with us on bloomberg tv. balance of power with david is coming up. n interview with the ceo of palatine. this is bloomberg. ♪ \ david: from bloomberg in new york, i am david westin. welcome to balance of power. u.s. datakee on the and the state of the economy. kevin's really is here on elections. aboutwestbrook will talk the sec. we had several pieces of data out today. what is most important to you? is hungry foret good news. business expectations for the service industry, it's not a manufacturing index. it includes agriculture, it is taken as a proxy for services. don't pay attention to the numbers so much. that index had been heading down. there is a rebound in confidence going forward. the worrisome aspect of it is the trade war continues. we

we are on bloomberg tv. aid i don't think might bloomberg should run on the sea is willing to embrace the will tax. fundamentallyhing wrong here in terms of how we are splitting of money in the society. unjust, undemocratic, and not sustainable. i think the democratic party has to own it. who ever wants to be the standardbearer for the democratic party, particularly someone who has had great success and has a ton of money, i think he has to embrace it, or he cannot represent the party. david: i don't want this to be of a particular individual, but the merits of the wealth tax. you have a different approach from elizabeth warren, bernie sanders. you start lower, your rate is not as high. give us your analysis. doubledzabeth warren her rate in an attempt to show how she could pay for medicaid for all. my opinion about this is we need to raise money for social programs. as you point out, we have a truly dollar deficit at full employment based on tax cuts. that is absolutely unacceptable. it is proved to me that

this is bloomberg tv. ♪ mark: i'm mark crumpton with bloomberg first word news.heesident trump supports the pro-democracy demonstrations in hong kong but does not want that to prevent a trade deal with china from preventing that to get done. i stand with hong kong, freedom, all of the things we want to do but we are also in the process of making the largest trade deal in history. if we can do that, that would be great. china wants it, we want it. president also said "if it was time for me, thousands of people would have been killed in hong kong right now>president trump has not said' whether he would sign the bill that he has been sent. it passed in the senate and what support from all but one republican in the house. in israel, benjamin netanyahu is accusing law enforcement of trying to stage a coup against him. netanyahu was indicted on charges of bribery, fraud, and breach of trust. even now sticky keep leaving the country. netanyahu is the first sitting

this is bloomberg tv. ♪ mark: i'm mark crumpton with bloomberg first word news. as the former u.s. to ukraine delivered testimony to a house impeachment panel this morning, president trump denigrated her diplomatic career on social media. the president criticized marie yovanovitch's work in somalia and wrote that ukrainian leader volodymyr zelensky spoke about her unfavorably. it hisnt trump called absolute right to appoint ambassadors. the house intelligence committee leader adam schiff asked the witness about the president wheat. >> it is very intimidating. >> it is designed to intimidate, is it not? >> i cannot speak to what the president was trying to do, but i think the effect is to be intimidating. mark: yovanovitch also said she asked the state department for a public statement of support while false stories were being spread about her work in ukraine, but the department official told her that would not happen because "the president may issue a tweet contradicting that."

browse recent charts featured on bloomberg tv, catch up on key analysis, and even save charts for futureence. that is gtv on your bloomberg. this is bloomberg. ♪ mark: i am mark crumpton was "first word" news. national security official alexander vindman is on capitol hill today four-week two of the impeachment inquiry. in testimony he said he viewed president trump's request for an investigation into political rivals as a demand. lt. col. vindman: the culture i come from, military culture, when a senior asks you to do something, it is not to be taken as a request. it is to be taken as an order. in this case the power disparity between the two leaders, my impression was that in order to get the white house meeting, would haveelenskiy to deliver these investigations. mark: vindman said he reported his concerns about the infamous july 23 phone call between president trump president zelenskiy of ukraine to upper authorities in the chain of command. the president continues to slam the impeachment hearings. prior to a cabinet meeting, mr. trump called house speaker nancy lizzie "grossly

is was bloomberg "real yield .his is bloomberg tv ♪ mark: i'm mark crumpton with bloomberg first word house speaker nancy pelosi says she expects the democratic-led ap inquiry of president trump to begin public hearings this month but insists there is no deadline to finish the investigation. speaker pelosi spoke to bloomberg a day after the house voted to set up a formal process for public hearings into the investigation of whether mr. trump used his office to pressure ukraine to open a politically motivated investigation in exchange for releasing military aid. during an interview with david westin, the speaker was asked why house democrats are pursuing the impeachment inquiry. we have decided that we would support and defend the constitution of the united states, that is the oath of office we take. resisted, time, i weighing the equities of whether this is divisive for the country. what the president did, vis-a-vis the president of ukraine, removed all doubt that we had to act upon that. speaker pelosi has staunchly defended thursday's mostly partyline vote,

do not miss that interview on bloomberg tv later today. mberg. ♪ anna: welcome back to the european open. 21 minutes into your trading day, this is the picture for european equities. hong kong violence having an effect on the hong kong market. we are seeing some readings across huge equity markets combined with the lack of progress on trade. let's talk about the u.k. the pound is unlikely to drop much further, whatever the outcome of this month's election, according to a bloomberg survey strategist. as thelimbing nearly 5% ruling can -- if the ruling conservatives win, and future markets agree. dani: we are seeing the pound climb, but i want to look at what traders are doing in the futures market. they have started to short cover the pound. when we look at the latest report, you will notice two things. one, triggers are the least parish on the currency -- the least bearish on the currency. for the past eight consecutive weeks, traders have reduced their short position, taking profits on any short coverings. this eight week stretch is now th

this is bloomberg tv. ♪ scarlet: i'm scarlet fu. s "bloomberg etf iq," where we focus on the access, risks, and rewards offered by exchange traded funds. ♪ buying opportunity or value trap? are inflows in european stocks here to stay? don't call it a comeback, former 3rd avenue ceo david barse returns to wall street -- and this time he's pitching custom indexes. and trick-or-treat, we unmask one of the scariest exchange traded products ever. love them or hate them, etf's are here to stay. and the flows can often signal

this is bloomberg tv. lor: this is the best of bloomberg technology, where we bring you all of our top interviews from this week in tech. coming up, disney plus, the company surpassed 10 million sign-ups in its first day. we will get details. goldman sachs controversy. we will hear from the cofounder on how he got caught up in the fray of gentrified

this is bloomberg tv. ♪ eÑ scarlet: i am scarlet fu. "bloomberg etf iq," where we focus on the access, risks, and rewards of exchange traded funds. ♪ scarlet: america first no more. u.s. stocks are no longer a sure thing. europe and emerging-market seeing inflows and catching a bid. the new face of active. professor victor chow has created an algorithm to identify stocks right for rebound and now he has his new system. and coffee prices may be grinding higher to deliver a much-needed caffeine hit.

this is bloomberg tv. ♪ taylor: i'm taylor riggs and this is "the best of bloomberg technology," whereing you all of our top interviews from this week in tech. coming up, the beat is on. apple's fourth-quarter results beat across the board despite sputtering iphone sales. profit and sales top estimates. we have complete coverage. plus, twitter political ad ban. ceo jack dorsey does what facebo

this is bloomberg tv. ♪ tom: he is known as the ambassador of silicon valley, speaking to congress and house on issues that matter to the tech community, issues such as privacy, regulation, or the $10 million pentagon contract that microsoft just won. having spent 26 years of his career working at microsoft alongside bill gates, steve ballmer and now satya nadella, brad smith had a front row seat to some of the company's biggest milestones. he is now focused on spreading the message beyond microsoft's campus with a new book, "tools and weapons, the peril of the

this is bloomberg tv. ♪ francine: a diamond is forever. an iconic phrase made for de beers.ng female copywriter coined the phrase in 1947. it was named the best slogan of the 20th century. how have they

this is bloomberg tv. ♪ beyond the routine checkups. beyond the not-so-routine cases.iness is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. >> saudi aramco said it will allow investors to start bidding but it means potential buyers -- dark. left in the a series of measures to ease the sense of crisis in the country, to avoid a shortage of goods in the market. will it work? and as confusion reigns about whether or not a trade deal is close, we hear about the impact from the ceo of german engineering giant siemens. ♪

this is bloomberg tv. ♪ scarlet: i am scarlet fu.is "etf iq," where we focus on the access, risks, and rewards offered by exchange traded funds. no more playing it safe. investors stop doing the safety dance and slide back into risk mode. in the final months of former 2019. alliancebernstein chief is known as the man who hates etf's. he has found a way to save mutual funds and it has to do with these. and a new green deal, this week there is an etf for that featuring a fund for investors who wants to build a green economy.

this is bloomberg tv. ♪ sometimes your small screen is your big screen.h the xfinity stream app, which is free with your service, you can take a spin through on demand shows, or stream live tv. download your dvr'd shows and movies on the fly. even record from right where you are. whether you're travelling around the country or around the house, keep what you watch with you. download the xfinity stream app and watch all the shows you love. ♪ francine: adidas is the largest sportswear company in europe, and second in the world. that means it sold more than 400 million pairs of shoes last year, over 450 million pieces of apparel, and 110 million pieces of sports equipment, like basketballs. the brand is known around the world for sponsoring world-class athletes and sports teams, including manchester united, and more recently, partnerships with kanye west and beyonce. today, on "leaders with lacqua," we meet kasper rorsted, the chief executive of adidas. ♪

this is bloomberg tv. ♪ yousef: you're watching the best of "daybreak: middle east." making headlines this week. property downturn continues. -- of the emirates manus: dubai's biggest bank in profit.% rise we look at what's behind the gains. ♪

this is bloomberg tv. ♪ when it comes to using data, everyone is different.y xfinity mobile is a different kind of wireless network that lets you design your own data. choose unlimited, shared data, or mix lines of each and switch any line, anytime. giving you more choice and control compared to other top wireless carriers. and now get $250 off when you buy a new samsung phone during xfinity mobile beyond black friday. plus, you can save up to $400 a year. click, call or visit a store today. >> this is the best of bloomberg daybreak, middle east. saudi arabia lowers its target for aramco is valuation. it is likely to overtake apple as the biggest public company in the world. and tripling gasoline prices. the president of the middle east's largest airline gives us his take of the aviation industry. here our exclusive interview with tim clark this hour. first, saudi arabia this week set saudi aramco is valuation well b

this is bloomberg tv. ♪ whether you're out here on lte. or here on a wifi hotspot.ile has more coverage to keep you connected to what matters most. that's because it's the only wireless network that automatically connects you to millions of secure wifi hotspots and the best lte everywhere else. and now get $250 off when you buy a new samsung phone during xfinity mobile beyond black friday. plus, you can save up to $400 a year. click, call or visit a store today. taylor: i am taylor riggs in for emily chang and this is the "best of bloomberg technology." coming up, cook facetime. president trump tours the austin factory at a time when the white house considers whether to exempt apple goods from the tariffs. we will have the latest. plus, senator josh hawley says a

this is bloomberg tv. ♪ ♪ francine: a diamond is forever. an iconic phrase made for de beers.opywriter coined the phrase in 1947. it was named the best slogan of the 20th century. how have they used clever marketing to build their company around the globe? in august, i met bruce cleaver, the chief executive of de beers.

this is bloomberg tv. ♪ when you move homes, you move more than just yourself.xfinity has made taking your internet and tv with you a breeze. really? yup. you can transfer your service online in about a minute. you can do that? yeah. and with two-hour service appointment windows, it's all on your schedule. awesome. so while moving may still come with its share of headaches... no kidding. we're doing all we can to make moving simple, easy, awesome. go to xfinity.com/moving to get started. ♪ david: he was only six years old when the iron curtain separated him from his parents, leaving him home in romania when they were visiting the united states. after years of forced child labor and communist indoctrination, a congresswoman from ohio learned of his case and took it to president eisenhower whose secured his release in a spy swap, bringing him to the united states as a young celebrity who didn't know a word of english. peter georgescu learned english and went on to princeton and stanford business school. moving to the world of madison avenue in the days of "mad men

bloomberg users can interact with the charts injured on bloomberg tv. oomberg. ♪ mark: i am mark crumpton with bloomberg's first word news. president trump kicked off new york city's veterans day tribute today by saying the nations veterans risk everything for us and it is our duty to serve and protect them every day of our lives. spoke at the opening of the 100th annual parade organized at madison square park. he is the first sitting president to accept the invitation to speak at the event. as the president spoke, protesters could be heard with whistles. some chanted, "lock him up." it has been one of them most violent days in hong kong since leaving began in june downtown paralyzed. police shot and wounded one protester. a man said to have disagreed with protesters was set on fire. hong kong's chief executive warned protesters violence will not help them achieve their goals. responding to three weeks of mass protests, chile's government plans to overhaul the constitution.

this is bloomberg tv. ♪ here, it all starts with a simple... hello! -hi! how can i help?a plan for everyone. everyone? everyone. let's send to everyone! [ camera clicking ] wifi up there? -ahhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your xfinity store today. narrator: eugene fama is widely regarded as the father of modern finance. eugene: there is no behavioral finance. barry: wait, say that again? eugene: there is no behavioral finance. narrator: the nobel laureate who has been at the university of chicago since the 1960's and educated thousands of students. one standout assistant who worked with fama in the early days was dimensional funders cofounder, david booth. david: we had a belief in

this is bloomberg. ♪ david: from bloomberg world headquarters in new york to our tv and radio audiencesme to balance of power where the world of politics meets the world of business. dramatic hong kong elections over the weekend. kevin cirilli on what comes next in the impeachment proceedings, and from london, jess shankleman on the tory election manifest. the, pretty dramatic in result and the turnout in the election in hong kong. bill: turnout more than doubled with 85% of the seats going towards candidates who have supported the protesters. a very strong rebuke of beijing. the kind of thing that is a warning shot to the u.s. and the trump administration, which has tried to to a fine line between the support of pro-democracy protesters and keeping china on at sign for those all-important trade negotiations that are still continuing. david: is it at all possible there is

sanders crushing bloomberg for his massive media buy where he placed tens of millions on tv ads on behalf of his campaign. he said a billionaire buying his way into the race is no different than a corporation trying to have a heavy influence as has been done in the past. >> mr. boom berg, to the best of my knowledge, has very little grassroots support. but he decided because he is worth $55 billion that he can run for president of the united states and spend more money on tv ads, i suspect, than a candidate in the history of the united states. so what our job is to fight for democracy. democrat say means billionaires cannot buy elections. democracy means we move to public funding of elections. >> sanders making the point one of the reasons he got into this race for president was to get money out of politics and that a billionaires like michael bloomberg, tom steyer, the other billionaire in this race, do more harm than good when it comes to that goal. sanders making the argument not only can he win the democratic primary, but he can also win the general election. they were handing out but

remember the function gtv on the bloomberg allows you to browse all of the charts featured on bloomberg tvanalysiswith key and savior have her it's for future reference -- and save your favorites for future reference. this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. this is the european close on "bloomberg markets." let's check in on the bloomberg first word news. here's courtney donohoe. courtney: there may be a pitch in negotiations for an interim trade deal between the u.s. and china. donald trump says the u.s. hasn't agreed to a rollback on tariffs with china. in fact, he said he hadn't agreed to anything. president trump won't impose tariffs on european cars next week as threatened, according to european commission president jump on juncker. -- president jean-claude juncker. eu has threatened to impose its own tariffs on american goods if president trump carries out his threat. house impeachment investigators subpoenaed acting white house chief of staff mick mulvaney for a closed-door deposition today, but to no one surprise, mulv

gtv on your bloomberg terminal lets you browse all of the recent charts featured here on bloomberg tvcatch up on key analysis, save your favorites for future reference. from new york and london, this is bloomberg. ♪ ♪ romaine: live from new york, i'm romaine bostick. guy: from london, i'm guy johnson. this is the european close on "bloomberg markets." let's check in on the bloomberg first word news with courtney donohoe. courtney: another sign of solid housing demand in the u.s. buyers snapped up homes at the fastest pace in more than 12 years. single family home sales ran at an annualized rate of 732000 and october. meanwhile, septembers number was upward. . the median sales price fell 3.5% from one year ago to a little less than $317,000. soon after thanksgiving, the house intelligence committee will submit its impeachment report. adam schiff says there is still the possibility of more hearings or closed-door depositions. the next step would be for the judiciary committee to send impeachment charges to the full house for a vote. a judge ordered former white house counsel don began t

take your business beyond. ♪ david: from bloomberg world headquarters in new york to our tv and radioavid westin. ofcome to a special edition balance of power where the world of politics meets the world of business. a short time ago, i sat down with house speaker nancy pelosi covering the impeachment, the economy, the 2020 campaign and more. we will bring you parts of the interview, but first, we will start with today's jobs numbers 128,000 job g ain. speaker pelosi: while you make some indications that the economy may be improving, and god willing it is, in the lives of american workers, they still feel a stagnation of wages, stagnation of their opportunity. i think we have been having some -- i know we have been having constructive conversation about how we have an economy that works for everyone.

reach out to us at bloomberg tv and the markets live team on your bloomberg.re are about 30,000 functions on the bloomberg, and we always enjoy showing you our favorites on uber television. maybe they will become your favorites. here is another function you will find useful, q uic that will lead you to our quick takes. here is a quick take from this week. >> it sounds appealing. while barely lifting a finger, you set your thermostat, start your coffee maker, turn on the lights, fire up your favorite playlist. but what is the price of that convenience -- what if the price of that convenience is your personal information? starting to sound less appealing. all of those gadgets carrying out these useful jobs are becoming the internet of things, and their increased prevalence in everyday life is considering -- forcing everyone to consider a fundamental give or take -- comfort or privacy? tech companies, wireless carriers, and all manners of startups are racing to connect whatever they can, and the benefits have an self-evident. smart speakers can answer questi

the function gtv on the bloomberg allows you to browse all of the recent charts featured on bloomberg tvcatch up on analysis, and save your favorites for future reference. this is bloomberg. ♪ vonnie: some breaking news now. house speaker nancy pelosi saying there haven't been any decisions made yet on impeachment. of course, this is the final day of testimony before congress goes into recess. we are hearing today from the national security council official fee on a hill, who was -- official fiona hill, testifying today in prepared remarks, referring to the story that it was ukraine and not rush to the interfered in the 2016 because an -- and not russia that interfered in the 2016 election. she called that "a fictional narrative." nancy pelosi just now saying there has been no decision as of yet. guy. guy: interesting. that's get a first word news update. here's ritika gupta. ritika: there's word of a blockbuster takeover in the online brokerage business. bloomberg has learned that charles schwab is nearing a deal to buy td ameritrade. the deal could be announced today. the two firms wer

this is balance of power on bloomberg tv and radio. ♪ kevin: this is balance of power on bloomberg televisionnd radio. president trump has signed a short-term funding bill that will push the threat of a government closure a few weeks down the road. is one of them. smith, us now is adam the democrat who represents washington's ninth congressional district. thank you for joining us. would haveu something by today. where are you on that process? adam: we have made a lot of progress. there are a couple of big policy challenges and the wall is the biggest one. president of the white house republicans want to keep their ability to transfer money out of the dod for the wall. there seems to be no moving off of that. vonnie: this has been a sticking point for months and you have known this. at what point -- adam: i am getting to that. we can live with that. basically they have decided they will negotiate that as part of the larger appropriations process. i have problems with that from a policy standpoint. it comes down to two issues -- space force, which the president wants and my caucus is concerned

good afternoon. ♪ ♪ david: from bloomberg world headquarters in new york to our tv and radio audiencesid westin. welcome to "balance of power," where the world of politics meets the world of business. on the brief today, shawn donnan in washington on signs a trade deal with china may be coming together. on capitol hill, kevin cirilli on day two of public impeachment hearings, and damian sassower in new york on what political unrest is doing to the hong kong economy. shawn, let's start with you. another day, another new hope about a deal. shawn: we have been existing in the world of new hopes and false dawns for some time. we are in another day of new hopes, as you say. we are hearing from senior members of the administration, larry kudlow and wilbur ross that we are in the final stages of negotiations for this phase one deal. we also know from wilbur ross and from our sources that ambassador robert lighthizer, the u.s. trade representative

we asked our political panel next on "balance of power" on bloomberg tv and radio. ♪ david: this is "lance of power" on bloomberg television and radio. i am david westin. the markets have been up and down on encouraging or discouraging news about the u.s. china trade negotiation. there's also the question of how uncertainty can affect the 2020 elections. we welcome matt gorman, former director of communications for the republican communication ,ommittee, and david goodfriend former deputy staff secretary to president clinton and now president of the goodfriend group. both are joining us from washington. let me start out with you, matt. how worried should the president be about what we see as we look across the country? it turns out the effective trade uncertainty is not just hitting the farm belt. matt: it is certainly not. i read that both general electric and honeywell have seen price increases passed on the tariffs. from a purely political sense, take away the effect on the economy, which is certainly important, it is something the president needs to have as he goes into 2020, but

ons is "balance of power" bloomberg tv and radio. ♪ sometimes your small screen is your big screen.ith the xfinity stream app, which is free with your service, you can take a spin through on demand shows, or stream live tv. download your dvr'd shows and movies on the fly. even record from right where you are. whether you're travelling around the country or around the house, keep what you watch with you. download the xfinity stream app and watch all the shows you love. david: from new york, this is "balance of power," on bloomberg television and radio. i'm david westin. reporter: a surprise drop in u.s. productivity last month, the first time in almost four years, decreasing an annual rate of three tens of 1%, suggesting a pickup and efficiency was more than a temporary shift. aban onreed on e-cigarettes in san francisco. the biggest e-cigarette maker, juul led an effort to overturn the law. lawmakers in puerto rico are under arrest in connection with a corruption probe in the u.s. territory. fbi agents took a senator and other people into custody. says.s. attorney's office this incl

that is featured on bloomberg tv and pbs. secretary baker's career in public service and politics stands unparalleled, having served as the secretary of state, secretary of treasury, and twice as white house chief of staff for presidents ronald reagan and george h. w. bush. long active in american presidential politics, secretary baker led presidential campaigns for presidents ford, reagan, and bush over five consecutive presidential elections. from 1976 to 1992. secretary baker served as secretary of state from january 1989 through august 1992 under president george h.w. bush. when the united states confronted unprecedented challenges and opportunities around the world during the post cold war era. as secretary of state, he was influential in overseeing american foreign policy at a time in which the cold war ended peacefully. the soviet union was dissolved and democracy spread across the globe. following the fall of the berlin wall, he laid the groundwork for unification of germany. following his tenure as secretary of state

coming up on bloomberg tv it is commodities edge with alix steel , she's looking at the rally in oilg up on radio, a political crisis paralyzes israel. we are live in israel as benjamin netanyahu gets indicted as they country faces a third election without a government. this is balance of power on bloomberg television and radio. ♪ alix: $30 billion 10 year plan. the company paying about half of its market cap and the investors like the moon. tender forsoil soil and wind. i sit down with the coprincipal at coinshares on how their attempt at folding the digital etf will beat out the competition. i am alix steel. welcome to blo

reach out to us on bloomberg tv and the markets live team. ib + tv is the function to use on bloomberg. let's get a first word update. setback in the impeachment inquiry for president trump. two of the president's top envoys were troubled by the actions of his personal lawyer. they outlined a quid pro quo for 82 ukraine in exchange for tf announcing it would investigate joe biden's son. sondland said his role began as perplexing but got more insidious. u.k., where former chancellor philip hammond is quitting parliament. this after an expulsion from the conservative party for voting against boris johnson's strategy. he will step down on the 12th. he hit out at johnson for not allowing a wide range of using the 40 party. lebanon's credit rating has been cut into junk by -- further toward junk by moody's. it increases the likelihood of default as protests roil the nation. demonstrators have been on the streets for weeks in lebanon, demanding a chang in the situation that has led thee -- left the country on the verge of bankruptcy. global ne

you can catch that interview live on bloomberg tv and radio. bloomberg surveillance" from brussels and new york. suddenly, s&p 31 100, michael metcalfe in london. where do i find the courage to stay in the market? theael: courage comes from fact that you are probably been too defensive all year and the tail risks you are worried about, recession trade war -- recession, trade war, brexit, that is where you get it from. you get it from the fact that people haven't believed the rally all year, and if recession risk is falling, there is hope around the trade war, that is the reason. tom: you have huge knowledge, i know it is secret, about money flow. give us the picture you can about what people are actually doing with their marginal investment dollars. we've seen this odd situational year where it has been a little bifurcated. moneyve definitely seen go into safe havens like gold, money held back in cash, and what money has gone into equities has typically gone into the more defensive sectors and less cyclical sectors. i think that's the question.

birch and camus spoke expose of -- bertrand spoke exclusively to bloomberg tv.vities, geographies where we can create value for all of our stakeholders, including our shareholders. ,t is a kind of transformation and this will be done at a very sustained pace as we have been making very strong commitments 2021king down reserves by and 500 million euro of free cash flow. is an industrial plan. what we want to do is create long-term value for all our stakeholders, and of course for our shareholders. reporter: you are planning the majority of asset sales in 2020 and 2021. can you give us any idea on what region you are looking at? , withs., for example united water come would that be underwater in terms -- on your radar in terms of asset sales? [indiscernible] what we have been very clear rhythmthe pace and the we want to work because it is about repositioning the group to our activities where we think and we are convinced that growth will be in the future, and also disposal sets where we believe we are not competitive anymore. we cannot create value. we cannot crea

you can catch our interviews on the bloomberg function tv . ack and earlier interviews in the day as well. this is bloomberg. ♪ mark: i am mark crumpton with bloomberg's first word news. u.s. health officials think vitamin e acetate could be linked to the severe lung injuries that have sickened thousands of americans who have used vaping devices. a report says fluid taken from the lungs of 29 patients battling the condition all had signs of vitamin e acetate. some illegal makers use the thick substance as a filler for their products. is not promising to support jeff sessions' bid to reclaim his alabama senate seat but did say he will not campaign against sessions. sessions spent more than a decade representing alabama in the senate before stepping down to serve as mr. trump's attorney general. the president soured on sessions after he recused himself in the investigation into russia's interference in the 2016 presidential election. iran's air defense forces shot down what it is calling an unknown drone over the persian gulf, according to its st

a reminder, you can catch all of the functions on your bloomberg through g tv . is bloomberg. ♪ 's get the first word. a signing between the u.s. and china. the two presidents may not be able to ink the pact until december and at the signing ceremony is unlikely to take place on u.s. soil. the trade deal would entail the u.s. dropping tariffs on chinese imports in exchange for a beijing resuming purchases of american farm goods and other products. national secured advisor john bolton has reportedly voiced opposition to white house efforts to pressure ukraine into investigating president trump's political rivals. it is reported he was unwilling to directly intervene. he is said to be the highest official to take issue with a shadow ukraine policy. he is expected to be a no-show for his appointment with impeachment investigators tomorrow, that sets the house impeachment investigation releases the transcripts of testimony by william taylor, the top u.s. diplomat in ukraine. a federal judge today struck down a new abortion role

that is later on bloomberg tv. ofleave you with a live shot hong kong. of a shooting on the island of hong kong. pressure on the equity markets. escalation and reaction live on bloomberg. ♪ anna: good morning. welcome to "bloomberg markets the european open." markets say, how bad can it get? stocks sour after a weekend of violence in hong kong. gdp data from britain. the cash trade is less than 30 minutes away. violence surges in hong kong.

that interview, you can see it on bloomberg tv at 3:00 p.m. london time. joined by the incoming european commission vice president for economy at 1:30 p.m. london time. some of these briefs shifting around a little bit. kevin thozet, portfolio advisor gnac still with us here. let me talk to you about where european equity markets head from here. a real focus on the green agenda, as you might expect. what do you expect in terms of the european equity story from here, kevin? should,uropean equities well some of them, anyway, should be behaving pretty well going forward. i mean, those european companies cannot really rely on economic growth in the euro zone and in growth because european low.etty germany's gdp growth is expected around zero for q4 and q1 of -- zero low. ofmany for q4 and q1 20. companies -- of 2020. anna: i have a chart here which talks about european firms stronger finances, doing better recently. this is a morgan stanley creation. they have eu strong balance sheets versus weak balance sheets. that isto some extent obvious may be but also he

bloomberg users can interact with the charts, browse the recent charts on bloomberg tv, and catch up lysis. yesterday --next after the selloff yesterday. this is bloomberg. ♪ ♪ nejra: good morning from bloomberg's european headquarters in london. i am nejra cehic. this is "bloomberg daybreak: europe." these are today's top stories. havens crushed. the united states and china agreed to roll back tariffs in phases if a deal is reached. treasuries tumble and gold heads for its biggest weekly loss in more than two years. italy pushes back against german plans for a banking union. we are live in brussels as european finance ministers meet with plenty to discuss. pimco to the rescue. alianza lifts its outlook for the full year and has a bond fund manager to thank. ♪ -- allianz lifts its outlook for the full year and has a bond fund manager to thank. welcome to "bloomberg daybreak: europe." a global bond a selloff that pushed the 10 year treasury yield to a three-year height. the s&p 500 hit a record on a risk asset rally, all on hopes that we could see some sort of rollback on tariffs as we

now, this week, bloomberg tv will be in beijing for the new economy forum with panels and interviews.e will be hearing from the ge china president and ceo. among others. this is bloomberg. ♪ rishaad: the maker of the hit toeo app tiktok is looking shake off its ties to china. they are facing mounting suits from u.s. lawmakers and regulators. david: our china correspondent joins us. they are trying to dissociate itself from one that is chinese, what is the company reportedly doing to further that endeavor? reportedly looking to rebrand itself away from expandingotentially into southeast asia, singapore, as well as reducing the amount of chinese content on the app in the u.s.. they have denied those claims, but the report does come at a time when it is facing increasing scrutiny from u.s. lawmakers over national security concerns. this is a rare instance of a chinese owned app becoming a consumer hit in the u.s. it has been downloaded more than 100 million times, known mostly for lighthearted lip-synching and goofy dancing videos. that data could be turned over to the chinese government