i did this for catherine mann. the rubin dollar of the 1990's. n the first royalty check she got. it was a massive dollar move. is a redux of the 90's. catherine: the thing about that chart is that used to be able to call it the brooklyn bridge chart. now, with the average income of the market, i'm going to have to call it something else. what happened in those other moments? it is when the u.s. was much stronger than the rest of the economy. everybody flows in. they saw growth. that is where we are again. people say it is because the fed is going to raise interest rates. they are raising interest rates because the u.s. economy is strong and that is what people are investing in and that is what you see happening in that diagram. francine: the last time the peoplewas at this level, said it will have an impact on exporters. are we going to see the same? what does it mean for interest rate hikes? catherine: it has already had an impact on the exporters. of the pieces of research done at the federal reserve is that the extent to which the decrease in

catherine mann said the same thing earlier this week, about concentration of industry. francine: and the fact that a district and by possible cheap money and that at the end of the day, when the cheap money goes away, it may not make sense to have all these mergers. and talk about animal spirits, what do the presidential debates in the u.s. do to confidence? if you are an investor, a politician in europe and you look at what is going on in the u.s., from a political stage, that must impact foreign policy. luigi: actually, it makes me more worried. , when trump was floating the idea of running, i wrote a piece comparing him to berlusconi. now people are asking why people in italy floated for berlusconi or it now i am asking why americans are in love with trump. thinks talking about -- i -- when he says things as outrageous as calling the iowans stupid, he resonates with people who are sick and tired of people , andre too manufactured they do not see that he is not ,ort of carrying the white flag but he does it in a way that attracts people. atncine: but when you look 201

catherine mann will join us.y with us this jobs day. ♪ francine: this is "bloomberg surveillance," and here are some of the great stories you can check on our website. china says it will lift its freeze on ipo's by the end of the year. other stories -- an unexpected loss as sales of jaguar and land rover slumped. check out our website. they are great stories. let us know what you think. let's get to bloomberg first word news. vonnie quinn? vonnie: the latest on the u.s. job market is due out in two hours now. ofnomists expect a gain 185,000 in nonfarm payrolls, a slight drop in the unemployment rate to 5%. janet yellen says that improving economic data would make a rate increase a possibility in next month's central-bank meeting. we are following a new development in the aftermath of the russian jet crash. easyjet says egyptian authorities are blocking most of its flights out of the sinai peninsula. was expecting to take thousands of tourists back to britain today. the tourists were stranded when britain suspende

tom: what' sin th's in that -- catherine mann was here the other day -- it is a sub 2% world. how do you run a diverse economy and sub 2%? it is 19th century almost. anders: you have got to keep europe -- europe has to be more united than it is currently. part of the problem is europe's -- disagreements francine: it is just a different beast. anders: they need a, and foreign policy and a stronger eu theorder to resist global pressures that are increasing. tom: coming up in our next hour, jason turner will join us. he is the strategic's research partner and we will speak to him about use of cash, that spectacular chart showing no end of light. stay with us. ♪ francine: this is "surveillance." you are looking at live pictures of london, where the nation of the united kingdom remembers its war dead on this armistice day. they will serve a two minutes silence across the u.k. to remember the dead. it starts at the 11th hour of the 11th day of the 11th month in 1918, when the guns fell silent. tom: i have stood at the church in the strand, that sits in the middle of the street, the

(narr 6)catherine ceo of the mann center in philadelphia. and pokemon concerts have brought in c ch. up to 6-thousand fans have flocked culture offerings-- double that t classical performance. (cathine 12;03;34;24) "if you really want to hear great orchestras, your interest bach, beethoven and brahms, it may games.//" (amy anderssen- "it's actually very deep and very complex- very rich, tender, it's full of and those are the things that make, it last for the next 50 years."(narr 7) performing at these shows *are* trained, including music director amy anderssen. she says video game may not be traditional classic music respect.(omar & amy anderssen 10;49;28;02) omar: "did you ever think video game music is going to be here for beautiful?"amy: "// it's storytelling (transition from zelda nats to ny performance of mahler's 2nd symphony) different from mahler's symphony? stylistically it's different. but humanly, thing. we're telling touching hearts." (narr 8)and opening up orchestra to a new generation of pryor. the 19-year old said he'd never c