i am caroline hyde in london. lisa: i am lisa abramowicz in bloomberg. line, what are you looking at? lower.e: the dow jones what is leading a slower is the trade tensions between the u.s. and china after mike pence's speeches. with supplyg apple chain issues. there have been more reports that they are dialing back production on three iphone models. the dollar flat at the moment after housing sentiment came in worse than expected. the focus is on the fed. as the dollare, stays flat, the pound is creeping higher slightly. lisa: interesting to see tech is leading the way on the selloff. two-year yields are the haven. you are seeing the longest streak in two years since november of 2016. a huge rally after a lot of selling in this area. the euro is gaining against the dollar. bitcoin is getting demolished today as people get worried about regulation. caroline: first time below $5,000 since october of 2017. time for a look at the big movers on the back of analyst recommendations. with a $51g at ubs price target. the analyst says shares have become less attrac

caroline: i'm caroline hyde. julie: -- >> i'm taylor riggs.facebook leading declines from wall street. new trade fears weighing on sentiment. and the pound measures up to the case of business leaders who fight for opposition to the brexit deal. a possible leadership challenge. that and more coming up. taylor: we are two hours away from the close. the equity markets hitting near the lows of the session. they're off almost 2% every sector in the red, all 11 sectors have been higher. those are lower. by 8/10 ofs higher 1% even after sentiment plunged nearly two-year low. customers were taking a pause due to concerns of rising rates. good news, apple. you have the tech sector leading declines. apple coming out same production orders for the iphone model three are cutting back. you are looking at negative sentiment for apple. also bitcoin. beer below that $5,000 level. we are right below that $5,000 level. this is increasing regulations. the eighth straight day of log eighth straight day of losses. caroline: let's dive deeper into the market action

i'm caroline hyde. scarlet: and i'm scarlet fu. this is bloomberg markets: the close. : havens reasserting themselves as global economic uncertainty from china to europe weighs on investor sentiment. chris conundrum. wti sets its longest losing streak on record as opec and its allies prepared to meet in abu dhabi. and the dollar revival hammering emerging markets. assets adding for risky declines as the fed moves to tighten. scarlet: first gets get a check of the market. a long week and are ending the week, it looks like, with losses in the three major indexes. the dow off i almost 1%, falling less than the other two major indexes, surprisingly, because of disney. the best performer in the dow. to give you more details on its offerings,onsumer the stock up 118. pg&e is the worst performer in the s&p 500. it is the utility owner that serves california, due to the wildfires in the region. caroline: we are seeing tech and energy get hammered, the tech is a focus today. scarlet: and the vix getting hammered. let's take a deeper dive in today's action with our market reporte

. ♪ caroline: i'm caroline hyde. scarlet: i'm scarlet fu. shedding dow sheddinge points. in the sector slump deepening ahead of the holiday season. all that apply more coming up. scarlet: let's get the markets. we are on a stock skid with the s&p 500 extending losses after yesterday wiping out november gains within the 24 industry groups, only chipmakers are holding up a little better. negativesmh has turned even as chip stocks for the most part are falling less than some of the other sectors. the vix goes up and reached a but we have not pierced -- 23.81 level but we've not pierced 24. oil is the big mover of the day. caroline: the except by 2.3 but crude is really where we are seeing a lot of the suffering going on, energy stocks have been front and center in terms of the s&p 500. scarlet: we will continue to monitor the moves, rest assured that energy is leading the way down. let's dive deep are with market reporters covering equities, bonds, currencies and commodities. abigail: let's dig into what's happening for the s&p 500 and oil and

i'm caroline hyde. scarlet: and i'm scarlet fu. s&p 500 holds its weekly advances, and investors keep a nervous eye on the stocks of the start of the g20 summit. is his meeting with china's xi jinping. we will tell you why the u.s. president may have a big advantage when it comes to trade talks. and hotel attacks. marriott reveals one of the world's largest data breaches. what does it mean for the brand? all of that and more, coming up. scarlet: first let's get a check of the markets. with two hours to go before the market closes, we have been down and up. right now we are near our best levels of the session with the s&p adding almost 12 points. it is gaining against all of the g10 and major currencies, the exception is the new zealand kiwi -- the new zealand dollar, that is. and we are keeping an eye on mtm, the etf that tracks momentum spirit and because the fund is rebalancing as part of its annual reshuffling -- tech heavy, but that maintained aztec helped lead the way down in the october selloff. we got a bit of a reprieve, hel

i'm caroline hyde, and i'm excited to take you on the journey to explore our recently completed office in the heart of london's historic financial district. this amazing building has broken the mold of sustainable design, challenged all those who contributed to it, and set new standards for the workplace. ♪ >> this building is designed for our employees, so they can be productive, happy in their environment, and be proud of where they work. and then for visitors, you want people to walk out saying, "boy, i wish i worked there." >> it is a once-in-a-lifetime opportunity. >> we had to go literally around the world to find the finest materials. >> this is a major landmark. >> this building really does represent a glimpse into the future. >> it's fantastic. we just want the public to look up at that building and think, wow. caroline: join us as we look through our construction diary and explore the innovation, collaboration, and vision to build the world's most sustainably designed office building. ♪ >> london is an engine for the global economy, and it plays a critical role for our compan

i'm david westin with caroline hyde. brexit is so important. >> it is all-consuming here. focus is on, the whether the parliament will vote through this deal. david: it does not sound optimistic. caroline: the pound is losing optimism, down on the day that it is up over the last couple -- but it is up over the last couple of days. david: time to get to the markets. caroline: futures not looking optimistic either, almost .4%. the energy area focusing on this. the stoxx 600, managing to cling onto gains, led higher by telecoms as they digest how they're going to be performing over black friday and cyber monday. crude is off. the pound losing steam. will theresa may be able to get her deal through parliament? david: it is all about brexit. we are joined by brooke sullivan of bloomberg of finian -- bloomberg opinion and vince cignarella. it is about your neck of the woods. why don't you lead it off? caroline: why don't we look at brexit. i want to look at the volatility in the pound and how we have dropped off the highs. that aso much optimism deal had been signed off by leader

. >> i am caroline hyde. let's get a quick check on the markets.seeing more caution in the markets. basically no movement in the bond market. the dollar is flat today. a dovish tone coming from chairman powell. affect.-on scarlet: headlines are coming out. according to the minutes almost all fed officials saw the rate hike warranted as fairly soon. the central bank discuss modifying language on further gradual hikes. in addition they said the interest of excess reserve change may be needed soon, possibly before the december fomc meeting. they tooct

this is bloomberg. ♪ caroline: live from bloomberg's world headquarters, i'm caroline hyde. i'm romaine bostick. caroline: here's a snapshot of the u.s. stock market today. it's a mixed picture with energy the laggards. romaine: "what'd you miss?" caroline: brent's joining the bears and crude falling the most in three years. president trump's criticism to saudi arabia added to this. still rate is the latest to join green week at the cannabis -- the cannabis company reports wider -- romaine: marijuana stocks are all of the rage this week with all of the earnings coming out. report,s the latest to and here to help us and break down the numbers is our cannabis reporter in the bloomberg news room in toronto. hi. got the numbers from tilray and it is a significant increase in revenue which is a pattern we are seeing from these cannabis companies. revenue and production numbers -- which isbecause not surprising because this is the quarter including the numbers post legalization -- not including post legalization. production,, higher but we also see across the board is lower averag

and caroline hyde. scarlet: i'm scarlet fu.ng us is not joe weisenthal -- he is overseas, but remaine -- romaine bostick. not a great date to you are the equity markets. romaine: amazing day, though. you think of how many sectors are down, but the first email i got was from a colleague saying you see how many stocks are still in correction territory. inthe nasdaq 70 stocks correction territory. three quarters. half of the s&p 500. names -- the big apple, amazon, home depot. caroline: amazon is nearly bear. romaine: they are down 19% from their session highs. you have apple down 16%. scarlet: there is a broad reassessment going on in u.s. equities. you can see it in today's sector performance as well. off byogy of the bottom three 1/3%. caroline: it is veterans day and the bond markets are closed. scarlet: bond prices are doing a little bit better. we started out lower and we cap to sinking lower. 10 minutes to go before the off., nasdaq we are just moments away from today's close. let's dive deeper into the equity action. romai

. ♪ caroline: live from new york, i am caroline hyde. how thea snapshot of u.s. stocks close today.oe: the question is, "what'd you miss?" voters are casting their ballots in midterm elections that will impact policies and markets. italy braces for a confidence vote to curb immigration and corruption. a private credit boost. how business developing companies are feeding into the appetite for private lending. it is election day in america. democrats hoping to be in the majority after tonight. some of the most vulnerable held seats they are hoping to split are in south florida. we are on the ground to their reporting. talk us through how it feels like on the ground at the moment. .> it has been slow here they are expecting the flow to pick up in the afternoon when people get off work. i've actually been surprised by how supportive people are of president trump and his policies. if you voters have expressed frustration with his insults. there is broad acceptance of the president for who he presents himself as and how he has handled the economy. joe: the types of seats democrats hope to

i'm caroline hyde. >> i am scarlet fu. caroline: president trump thinks the u.s.e agreement with china. jobs, jobs, jobs. good news for estimates as wage gains accelerated. a bruised apple. disappointing earnings slice the market value below $1 trillion. the biggest lost since genuine 2014. all that and more coming up. apple is dragging down the u.s. stock market. the three day rally has petered points.ng 211 the dollar has traded how her. it is up for a fourth time. offstry metals building yesterday's gain. caroline: oil remains low as we have reporting the iran sanctions might not be as prevalent as we might expect. waivers for up to eight countries. scarlet: oil is at a six-month low. let's dive into today's action with our reporters. abigail, get us started. >> the volatility you were talking about. , who knowsigher where we will end up. this is par for the course. this is the one-year chart. we have looked at it before. it is instructive. we are looking at a sideways trend. 2017is in contrast to where we had an uptrend. right now the buyers and the sellers ar

. ♪ caroline: live from bloomberg's european headquarters in london, i'm caroline hyde. maine: i'm romaine bostick in new york. joe: and i'm joe weisenthal. caroline: markets close in the green. overall it is focused on trade. joe: the question is "what'd you miss?" caroline: setting the table for trade talks. president trump and xi jinping will meet for saturday -- meet for dinner saturday. will tariffs still be just desserts? we will talk to the utah senator about whether he is concerned with the impact of tariffs in china. home values may still be rising. sinceins of the lowest january 2017. rising mortgage rates cut into affordability. joe: it's time for instant replay. some of the biggest voices on tv today weighing in on the trade tensions. would be goconcern all in on every chinese import, do it at a 25% rate. that is a $25 billion tax increase. 50, that would be noticeable and would hurt the president's economic agenda. >> if there was a trade deal what china, it would definitely be better than what we have. i think the markets would be very excited. if the trade

." ♪ caroline: live from london, i am caroline hyde. anchor: i am romaine bostick. two weeks. e: the question is, what'd you miss? caroline: black friday sales start to themerry hollywood season. general motors announcing a major restructuring of its business. and editing embryos. a chinese researcher is claiming to have produced the world's first genetically edited baby. we will talk about the stock reacting to the news. celebrating. "the wall street journal "the wall street thenal" talking about tariffs with china, saying it is highly unlikely to hold off on tariffs, so, again, "the wall street journal" saying it will move forward, the u.s. will move forward with those tariffs up to 25%. joe: context ahead of the big meeting. transaction data, based on same-store sales, capturing the holiday retail season live as it happens, and for more on the data, we welcome our guest, guy. you have real-time dashboard -- the pulse of the american consumer. who is winning? i think the consumer at the end of the day, but in the lead up to cyber monday, we have 6% growth in spending and also

taylor: i am taylor riggs, and for caroline hyde. scarlet: u.s. optimistic comments from president trump on his trade dispute with china. when doves cry. cautious comments from which clarida putting pressure on dollar and treasury yields. and chip carnage. the industry's bull run could be coming to a close. all that and more, coming up. first, let's get your check of the markets. stocks have come off their lows, have recovered. but you can see the nasdaq is the laggard among the three major benchmarks. nvidia, driven by activision, facebook. the pound a focus. theresa may still in charge. she has taken charge of brexit talks with the e.u., and we are seeing buying in treasuries. we did get comments from which clarida. -- rich clarita. taylor: i was looking back on a normalized basis. the stoxx, etf's getting crushed, going back to year off -- off 7% to 9%. scarlet: let's take a deeper dive with our reporters. abigail, what are you watching? abigail: the nasdaq slipping slightly green right now. at the big underperformance, down more than 1% earlie

i'm scarlet fu >> i'm caroline hyde.t companies are split after reporting a loss last quarter. the ceo discussed the company's outlook. >> it is a very new industry. it is evolving. we think each quarter we start to get more information and it is easier for investors to model. they are still understanding the total market. ultimately what products will be sold in the markets. it is something we are learning. each quarter, we will move towards making it a little less volatile. >> what are the challenges for companies,pot everything is flying off the shelves. there is not enough supply for the demand. how do you figure out which products will be the winners? >> it is a challenge but also if how you feelt ceos about the fact that all of your product is selling out, they would be happy. to get more and more supplies on the shelves, we will gain more and more consumer insight and we can use that to understand which products are performing and which are performing not as well. we can adjust our offering based on that. performi

. ♪ caroline: live from bloomberg european headquarters in london, i am caroline hyde. aving the ladies in charge , u.s. stocks are down. they finished the day in the red. lisa: the question is "what'd you miss?" caroline: a g20 meeting on the sidelines taking center stage. president trump has a trade accord ahead of his dinner with president xi. cohen pleading guilty to lied to congress about trump plans for a real estate project in moscow. and, legal trouble coming back to hot deutsche bank. raidedks offices were related to a monday laundering investigation -- money laundering investigation. world leaders are converging on one a sorry's for the g20 and while president trump's trade agenda is taking center stage, he told reporters he is close to doing something with china. this comes ahead of his plan to meet with president xi. here with possible market impact of the talks is stephen engle under -- englander. if we do get any sort of reprieve or any sort of truce, does it mean dollar down and yuna up -- yuan up? >> i think that would be the general trend. you have to be

. ♪ caroline: live from bloomberg's world headquarters in new york, i'm caroline hyde. maine: i'm romaine bostick. joe: and i am joe weisenthal. caroline: u.s. stocks closed higher on the day. joe: the question is "what'd you miss?" caroline: what kind of price tag? investors are watching the selling price of the iphone x models as apple reports earnings. the china fx, apple's earnings report should give answers from the fallout of u.s. trade tensions. always growth breakthrough, which gains of more than 3% since 2009 in the october jobs report expected, but is it just a one of? to other earnings. starbucks is killing it after-hours. why they managed to kill it in comparable sales. this has struck you in terms of earnings report. joe: just really solid. earlier this summer, back in june, they spooked investors and have been climbing out of a hole since then. this is a very impressive report and the company saying it saw improvement on every metric. the big fear was that they make all of their money on sugary drinks and nobody likes sugary drinks anymore. romaine: they so

. ♪ what from bloomberg, i'm caroline hyde. here's how the u.s.tock market close in the green today as a relief rally post-midterm. the question is what'd you miss. jeff sessions resigns after being the target of president trump's criticism over the russia probe. stocks getting a jeff sessions and midterm boost. gaining on gridlock, financial stocks getting a midterm bob. wall street bets on its slip in congress. let's talk about the green wave. three of four states for marijuana was on the ballot voted in favor of cannabis giving pot stocks a big boost. now cannabis companies are rallying again after the ouster of jeff sessions. how significant was yesterday for the ongoing expansion of the legal marijuana market in the u.s.? results wereection critical. of the momentum that we saw in the 2016 elections were eight of nine ballot initiatives passed. we continue to see growing support among u.s. voters in favor of cannabis for medical and adult use permit test purposes. >> will me talk about the possibility of federal approval of marijuana, why wit

. ♪ caroline: live from bloomberg's european headquarters in london, i'm hairline -- caroline hyde.kets hadthe their best they since march. we see the power of powell. joe: the question is "what'd you miss?" u.s. stocks surge the most since march as they strike a dovish -- dovish tone. bitcoin becomes the first state to allow -- we speak with the state treasurer as bitcoin has its best day of the year. the road ahead. we speak with one of the carmakers top executives about how to get back on track after downfall. the two were is making waves in the markets is chair jay powell. interest rates are still low by historical standards and remain just below the range of estimates of that level. it is neither speeding up or slowing down growth. romaine: for more let's bring in tim a from bloomberg economics. below are the two words everyone is focusing on. i felt like the market overreacted to this. are we overreacting to these comments as well? >> i think that is what is happening. we were when he said still a ways off, i think what he was trying to do was set the expectation that we are n

caroline hyde.: another down day, the dollar strength is not working or at least dities wasn't earlier. let's take a look at what is happening on the day. see the s&p 500 futures lower, well off the lows and the 500 on pace for the worst for the he futures worst day, the objectively selloff for the tech sector. worst se, that was the month of the nasdaq since 2008. take a look at the bloomberg index up ever so slightly. earlier it had been up more than percent. we'll take a look at a little bit of a reversal. inising dollar up three days a row. typically that would pressure commodities. that is not happening because of that is y complex probably working against stock. as for stocks and commodities over the last year, let's hop bloomberg and see what's happening here. we in yellow are looking at the on therg commodity index year. while we're looking at the s&p 00, these are aspects or segments of the risk silo of assets, if you will. year n see earlier in the they were trading fairly poorly as someti

. ♪ caroline: live from london, i am caroline hyde. romaine: i am romaine bostick in new york. nd i'm joe weisenthal. caroline: markets closed ahead of the thanksgiving holiday. it was flat on the dow jones. ands&p 500 held onto gains the nasdaq in the tech sector is the upper former. joe: the question is "what'd you miss?" caroline: a mixed bag of economic data. is a sting home sales rising to the first -- for the first time in six months. what the numbers could mean for the fed plans ahead. trump tweets. crude surging the most in five months even after president trump urged keeping oil prices down by thinking saudi arabia. what the reason tremors and big tech could mean for company's plan to the public -- plans to go public. got axisting home sales rising surprise. even with the increase, the housing market remains solid. by more now, we are joined bloomberg economics. >> if you just look at the data, you are thinking we just had a rebound, but the longer-term trend is still down. the reason for that is rising interest rates. there was a piece the other day that said while we

. ♪ caroline: live from bloomberg's european headquarters in london, i'm caroline hyde. abramowicz in new york. joe: and i'm joe weisenthal. romaine bostick is off today. caroline: a snapshot of u.s. stocks in the green. the best week we have had for the s&p 500 since 2011. joe: the question is "what'd you miss?" call it the g20 -- hotel hack attack. highlyrized access to sensitized information. investors will blow watching electy as the president begins his term tomorrow with a speech. the g20 summit is officially underway in but authorities in all eyes are on president trump reaching with xi jinping. some struck an optimistic tone today. very hard.orking if we can make a deal, that would be good. they would want to and we would like to. we will be meeting with president xi and a little while, but for the most part, people , larry kudlow is dealing with them on a constant basis. there are good signs. we will see what happens. caroline: for more, let's welcome your asia group analyst. optimism? >> we are a little bit more pessimistic than trump has seemed today mostly be

. ♪ caroline: live from the world headquarters in new york, i am caroline hyde.ow the snapshot of u.s. stocks closed today, down. tech is the underperformer. scarlet: the question is -- joe: the question is "what'd you miss?" on itse: crude is longest decline ever turning up the pressure from opec and its allies as they gather in abu dhabi this weekend. containing the shockwaves, mexican stocks and the peso have losses after the president-elect says he will not change banking laws in the first three years. and a chill in crypto. initial coin offerings face governing issues and we talked to a ceo of a big blockchain company -- keep watching company about the road ahead. crude declining for the 10th day in a row. longest slump for wti in the the bti.a month -- in the space of a month, it slumps into bear markets. one point does oil price heard credit and equity markets? >> the u.s. high-yield market will come under a bit of pressure because it has a large percentage of issuance in the energy space. weaker oil prices, if they were to be extended, will hurt that mark

. ♪ ♪ caroline: live from london, i am caroline hyde. here's how the u.s. osed the day, in the red volumes elevated on the holiday shortened week. joe: the question is "what'd you miss?" caroline: target misses the mark, the big retailer is narrowing margins and slowing sales and drags down the retail sector. suffers its third worst selloff in history as regulatory concerns remain in the forefront. and it's cure legal loophole allows some lenders to turn the court system into a debt collection machine against borrowers across country. the bloomberg reporting ahead. salese: retail earnings to impress. we have heard from most of the retail sector and there is a decision by investors as to the to be to the seems downside. here to talk more about that is matt boyle who joins us. the first thing when we talk about target and look at target and their earnings, this morning, what was the main take away? the same-store sales growth looks good. matt: they were never going to match the second-quarter blowup, but the sales were fine. profit margins really had people wo

romaine: caroline hyde is off today. scarlet: you are looking at a selloff continuing in equities.igher.es might be surging up 8%. that doesn't trade is volatile. >> getting ready to break out his canada jacket for tomorrow's snow third. the philadelphia index, a lot of the stocks in the index rising. doesn't really seem to be in a new spirit than bitcoin is below $6,000. time for a look at the big movers on the back of analyst recommendation. applet guggenheim. prices no longer enough to boost growth. kellogg's downgraded from neutral to overweight and removed from the focus list at jpmorgan, analysts are saying tuesday investor day didn't provide much comfort that a bottom line turnaround will be swift. the price target cut to $66 down from 73. finally, maintaining its by on home depot, cut its price target to $200 and analysts lowered comparable sales estimates heading to 2019. those are some of our top calls. scarlet: remaining fairly new -- muted despite wages. just short of the 2.2% median estimate. for more, let's bring in bloomberg businessweek economics editor peter coy ca

. >> i'm in for caroline hyde this is bloomberg markets, the close. a draft withdrawal agreement. u.s. equities head for a fifth straight decline with tech taking the heaviest hits. fuelingover trade investor anxiety. meanwhile, oil gets a reprieve from its worst drought on record on the new optimism. its biggest rally in nine years, all that and more is coming up. final -- final hour of trading, we are looking at u.s. equities in the red giving up earlier gains. this is the fourth drop in five nasdaq, which was little changed, yesterday, so you can barely call it a change. unseasonably cold weather here in the u.s. and northeast. no flurries for tomorrow. ago,nel: a couple of weeks the forecast was for warmer weather. they are now saying forget that, it will be cold. scarlet: people caught off guard. people are buying treasuries and that is why it is green. yield ticksoes up, down. what a painful couple of days for pg. stocks going the most since 2001. romaine: you wonder what the future is for the company at this point. deeper dive with our reporter

. ♪ caroline: i am caroline hyde in london. scarlet: i am scarlet fu in new york.renzy begins this week on black friday, and the race is tight between consumers buying online and in brick-and-mortar stores. here with more on the state of a memberl industry is of washington prime, which owns over 100 malls nationwide. luke, great to speak with you. but is the distinction of this holiday season versus last year? the economy is doing well and the consumers more confident, but there are jitters thanks to the stock market and what we hear politically. >> hey, guys. first, happy thanksgiving. i think we will see a continuation of just continued, you know, strength with respect holiday shopping. i was just looking at some statistics earlier today, and we have seen that a fair amount of holiday purchases may not be they areurchases, ie, that happenlar buys to be occurring during the holiday season. i am a big fan of this, because we need more smoothing and kind of rounding things up for the entire year than this kind of peak and valley, the peaks and the troughs that we se

i'm caroline hyde, and i'm excited to take you on the journey to explore our recently completed offices historic financial district. this amazing building has broken the mold of sustainable design, challenged all those who contributed to it, and set new standards for the workplace. >> this building is designed for our employees, so they can be productive, happy in their environment, and be proud of where they work. you want people to walk out saying, "boy, i wish i worked to there." >> it is a once-in-a-lifetime opportunity. >> we had to go literally around the world to find the finest materials. >> this is a major landmark. >> this building really does represent a glimpse into the future. >> it's fantastic. we just want the public to look up at that building and think, wow. caroline: join us as we look through our construction diary and explore the innovation, collaboration, and vision to build the world's most sustainably designed office building. >> london is an engine for the global economy, and it plays a critical role for our company, bloomberg. the new london office was an inspi

i'm david westin with caroline hyde. brexit is so important. >> it is all-consuming here. ote through this deal. david: it does not sound optimistic. caroline: the pound is losing optimism, down on the dt