i'm david westin.e turned onto mark crumpton. mark: russia is trying to keep joe biden from winning the presidential election. thatbi director warned russia is using social media to sow discord in the united states to hurt joe biden. he testified to a homeland security committee that russia has used joe biden as an anti-russian american establishment. he also says that china is also trying to interfere. the pressure group founder says -- that president trump deserves the nobel peace prize more than former president obama did when he won in 2009. he spoke to bloomberg television. >> i think that he deserves one more than obama did at the time that obama received it. that was a symbolic prize. it was a hopeful prize. it was also overtly political. mark: president trump has been nominated for the prize for the agreement between the uae and israel. the u.n. secretary general is calling on governments to "not throwaway away economic stimulus funds by supporting fossil fuel industries and that contribute to

i'm david westin. one of year the most contentious in some years with over 200 lawsuits already filed around the country , and president trump saying yesterday he was not sure he would accept a result showing him to have lost. rid of therump: get ballots and there will not be a transfer, there will be a continuation. the ballots are out of control. you know it. you know who else knows it better than anybody else? the democrats. david: we welcome the lawyer at the center of the last presidential fight, ben ginsberg. he ran the legal team for george w. bush. theting all the way to supreme court, as we remember. thank you for being here. i have seen a large number of lawsuits already filed. how concerned should we be about these lawsuits? it sounds like it will be more litigation than ever before. ben: there is more litigation than we have seen before, that is in part because of the pandemic an incredible increase in the number of people who want .o vote by absentee ballot with that strain comes challenge

worldwide, i am david westin. welcome to "balance of power," where the world of politics meets the world of business. today marks 19 years since that clear september morning in new york when commercial airliners were turned into weapons to attack the heart of wall street. the morning has been given over to events commemorating the day and the lives we have lost. we welcome one of the u.s. officials called upon that day to address some of the crisis as it unfolded. harvey pitt was the chairman of the securities exchange commission when the markets were shaken to their core. we welcome him black -- we welcome him back to bloomberg. take us back to the day. where were you when it happened. what was your immediate reaction? in my office preparing to go to new york city and someone came in, it was very early in the morning and told me a proper chat for some small plane had lost its way and hit one of the world trade center towers. obviously, within a short time after that, we understood that it was a big plane and it w

i'm david westin. time for first word news with mark crumpton. is seeingyork state an uptick in its coronavirus cases. cuomo says 20w zip codes across new york have average positive test rate of about 5%. that is about five times the statewide average. enforcevernments must compliance of social distancing guidelines and mask wearing. he also said "our actions determines what happens." he also said new york is not responsible for ne financial losses because during the pandemic. journalist bob woodward says that election day could trigger a series of events. he spoke with bloomberg this morning. >> my take on what will happen on november 3 is anything can happen. win, can win, biden can there can be total confusion and chaos, for not just days but maybe weeks, about who will be the next president. mark: mr. woodward recorded hours of interviews with president trump for his latest bestseller called "rage." the president's nominee for the supreme court is on capitol hill today. amy coney barrett is meeting

i'm david westin. welcome to "balance of power" where the world of politics meets order business. we start with a check on the markets with abigail doolittle. abigail: it is a pretty perfect scenario, or perhaps a goldilocks scenario, looks right from a sector perspective in particular. this shows when we are examining the major averages because the dow is leading the way. we have not seen that in quite some time. , the s&p 500 1.8% up 1.5%. the other is lagging two averages. the s&p 500, this is the first three day win streak in about two weeks, and the bulls liking that. setting off the tone with the all world index. european equities higher on the day. what makes it so good is the fact you have the cyclical sector trading higher and you also have the tech sector higher , both up more than 1%. you want to see those financials and industrial companies take the lead and that is exactly what is happening today. another way of looking at that is the reopening trade is doing well, even as this year's defe

i'm david westin. the u.s. tennis open ended yesterday.like any other with the stands empty except a few coaches. everyone wore masks except for the players when playing the game. her second captured win and dominic team came back -- sascsources very of ha zverev. always great to see you. give us your sense of this different open. how did it work for the business of tennis, the sport of tennis. was remarkable. you have to give tremendous kudos to the usta, the players. you know how fractional lies this world is and everybody came together. to have 128 men and women competing within a controlled environment plus the doubles staffitors and all the and to have one positive is really remarkable. you have to give them credit and while it was different, i think what we saw last night and over the last couple of weeks of the day you have two competitors going out there in singles with the same conditions to try to win and they all had to win to thattches to get championship trophy and what a remarkable story it was. good for everybody. david: wha

thrilled that david westin will be joining us in the sick a clock hour. how about an important interview at the center, robert kaplan. i believe these are his first comments since his dissent, the meeting last week. this is an extremely important interview. michael mckee in conversation with president kaplan of the dallas fed. dow futures -464. -- -4.64. spx, -49. this is bloomberg. ♪ tom: good morning, everyone. "bloomberg surveillance." we are watching markets, which are more than difficult. the vix on four big figures, negative three .60 right now, 29.43. some real upset not only about the pandemic and potential lockdowns, including in the united kingdom, but also stimulus has drifted away and thought in america, of course, over the uproar over the death of ruth bader ginsburg and who will replace her. on the banking front, there is any number of reports. joining us, jonathan tyce of bloomberg intelligence. i hate to say it, but it is an elegant chart, and that is the plunge and persistency of plunge of hsbc. i would suggest that if that bank were an a

emily: that was the dnc chair with our own david westin on balance of power.on what to expect tonight, we are joined by our clinical contributor who was also the campaign manager for john mccain. we are interested to hear what you are expecting tonight. president trump has a big tax story having broken in the last 48 hours. of course, the pandemic. joe biden didn't perform that well in the debates. what do you expect tonight? >> is interesting. this has been at a fever pitch for the last couple of days. saidd trump's team has sleepy joe, don't expect much. he's probably going to be taking drugs. he is the most uncanny political expert and he will do well in the debate. there's a mixed bag going on. in a few short hours, we will all see the real deal. we have seen donald trump in debates. we know what he's going to do. he is going to do on the debate staged what he does in the white house every day. he's going to attack his opponents and he's going to look the other way when he gets attacked. he doesn't defend himself. he will never admit fault, but he will alw

i am david westin. welcome to balance of power or world of business. we will start with the presidential election. with the attention of both campaigns consumed with the explosive reporting with bob woodward's new book about the president's handling of the coronavirus, something the president himself addressed yesterday. president trump: we do not want to have to show panic, we will not show panic. i was very open whether it is to bob woodward or anyone else, it is just another political hit job. whether it was bob woodward or anyone else, you cannot show a sense of panic or you will have bigger problems than you ever had before. david: for her analysis of the politics of the book, we welcome bloomberg lyrical contributor jeanne zaino. this was a blockbuster for all of us. explain the potential political ramifications for the disclosure the president was telling bob woodward in march this was terribly deadly and contagious at the same time he was saying to the rest of us do not worry so much. jeanne: th

i am david westin.go now to mark crumpton. mark: secretary of state mike pompeo said the united states is venezuelannctioning president maduro without detailing with the sanctions were. secretary pompeo unveiled new sanctions on nations or entities that do business with iran. the united states is about to reach a grim milestone. the number of covid-19 related deaths is approaching 200,000. former fda commissioner scott gottlieb says he expects the u.s. to experience "at least one more cycle of the virus in the fall and winter." boosting the risk of military confrontation in the taiwan strait, hoping to deter taipei from continuing to deepen ties with the u.s. china is ratcheting up tensions in the taiwan strait, hoping to deter taipei from deeper ties with the u.s. in a series of exercises, china repeatedly breached the median line. separating the countries. try to regards the island as part of its territory even though it has been ruled separately for 70 years. says he willmp announce his picture a pla

david westin leaving our -- david westin leading our coverage. i know he is really interested in the back-and-forth of the first 10 minutes of that debate. from london, from new york, this is bloomberg. ♪ tom: good morning, everyone. "bloomberg surveillance." francine lacqua listening to the doobie brothers in london. i'm tom keene in new york. joining us now, howard ward. are you long equities and can you buy at the margins this morning? howard: tom, obviously we are long equities. we are in a bull market. having said that, this is a bull market under some pressure. for fourwn in the s&p weeks. year's expected earnings, i think i would be more comfortable adding to stocks if we had another 5% down in the market. i would rather be down 15. i would let hot air out of the market, especially leading up to the election. and with all of the uncertainty leading up to the economy. tom: it is not about punditry at gabelli, it is about quality movement. tell us about managers' ability to adapt. howard: it is very much like the have and have-nots we have r

coming up, "balance of power" with david westin. oomberg. ♪ ♪ david: from bloomberg world headquarters in new york to our tv and radio audiences worldwide, i'm david westin. welcome to "balance of power" where the world of politics meets order business. we start with a check on the markets with abigail doolittle. abigail: it is a pretty perfect scenario, or perhaps a goldilocks scenario, looks right from a sector perspective in particular. this shows when we are examining the major averages because the dow is leading the way. we have not seen that in quite some time. , the s&p 500 1.8% up 1.5%. the other is lagging two averages. the s&p 500, this is the first three day win streak in about two weeks, and the bulls liking that. setting off the tone with the all world index. european equities higher on the day. what makes it so good is the fact

david westin anchoring full coverage from 8:30 p.m. eastern time, 1:30 am in london. this is bloomberg. ♪ francine: economics, finance, politics, this is "bloomberg i'm francine" lacqua. let's get straight to the bloomberg business flash. uber is considering a ride-hailing joint venture, but the deal could be complicated by the challenging market which may make it difficult to agree on a price. lvmh is country assuming tiffany weeks after pulling out of its $16 billion purchase of the jeweler. the french luxury brand says the decision was driven by the french government's request to delay closing the deal. tiffany's citing mismanagement during the pandemic. tesla plans to mine its own lithium, securing rights in nevada. we are told they held discussions, but failed to reach a deal. it is all part of elon musk's plan to cut battery costs by 50%. that is your bloomberg business flash. francine: thank you so much. christine lagarde has a message for the euro zone. the ecb is ready to deploy more monetary stimulus. let's take a listen. pandemic ist of the still being felt

power"up, "balance of with david westin on bloomberg television and radio. mberg. ♪ ♪ david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, i am david westin. welcome to "balance of power," where the world of politics meets the world of business. as we come to air, we are waiting for a historic signing ceremony at the white house where president trump will be gathering with the prime mr. israel and the representatives of the united arab emirates and the -- and bahrain to normalize relations. why we wait for that ceremony we are joined by kevin cirilli, who is at the white house. it is historic. 25 years since last time any arab nation has normalize relations with israel. that was jordan. a few minutes ago benjamin netanyahu arriving at the white house to meet with president trump and they will have that historic signing. i spoke with ambassador friedman, and he was saying part of the arrangement and what was able to draw the

coming up, "balance of power" with david westin with austan goolsbee. bloomberg. ♪ ♪ david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, i am david westin. welcome to "balance of power," where the world of politics meets the world of business. after the big selloff yesterday, we start with the markets again today with abigail doolittle to bring us up-to-date on the latest. it is a selloff but not as bad as it was a few minutes ago. forail: coming off the lows certain. it does seem as though investors are trying to buy the dip. we will have to see how the afternoon plays out. what we are looking at is a two day decent selloff between the s&p 500 and the nasdaq. on wednesday it was the best day in two months, yesterday the worst day. lots of instability and volatility, especially for the mega caps and new york faang index. down 6% after a massive close down yesterday. this has been the index that has been on fire all year from the march lows, up 130%. big number. apple up even more, up 160%. tesla

this is "bloomberg wall street i'm david westin. larry summers from harvard. brian moynihan. tely with teammates are sharing them that they will have jobs. david: and the ceo of delta airlines. ed: one of the things thae pandemic has shown us is that the vulnerable are more at risk. david: joseph

as to the debate, kevin cirilli and david westin in cleveland for the debate. it is a late night debate. i'm sorry you're going to be up at a god god-awful 2:00 a.m. to see the drop on this. but it is really something. i have to do a quick study. i would suggest you could go back to kennedy and nixon for a debate of such interest. francine: you just wonder where it will go. probably everyone will be watching it. let's get to the first word news in new york city with ritika gupta. ritika: president trump and joe biden go head-to-head for the first time tonight in the opening presidential debate in cleveland. the president has unwittingly done biden a big favor, lowered expectations for biden's performance. the president has spent months painting biden as sleepy, doddering, and senile. many have not seen biden since the democratic convention. democrats are making another run at a coronavirus stimulus package. they released a scaled-back 2.2 trillion dollar proposal to support the u.s. economy. ands between house speaker steven mnuchin. the house could vote on a b

she joins "balance of power" with david westin on bluebird television radio.ht -- on bloomberg television and radio. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. ♪ david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, i am david westin. welcome to "balance of power," where the world of politics meets the world of business. earlier today, i spoke with brian moynihan, chairman and ceo of bank of america. his bank has a special vantage point on the state of the u.s. economy with extensive connections with consumers and a full range of businesses small and large. i asked brian what he is seeing. demand is lending down because final de

i can't get my head around that, but that's what we will do with bloomberg politics and david westin and s kevin cirilli, to recoup and prepare for the eyes of october. francine: the focus is on the polls. we had an initial post -- it will be interesting over the next 24 hours. we will have leslie vinjamuri on, polls. leslie was tweeting last night around four clock a.m.. i think she was in a pub with ferro. i don't know what she was doing. francine: let's get to bloomberg first word news in new york city with ritika gupta. ritika: it was billed as the first presidential debate, but in cleveland things quickly slipped into chaos. insults drowned out ideas. at one point president trump and joe biden battled over the coronavirus. it was a: he knew deadly disease. what did he do? he's on tip acknowledging he knew it. he said he did not tell us or give people a warning because he did not want to panic the american people. you don't panic, he panicked. pres. trump: we've done a great job. the only thing i haven't done a good job, that is because of the fake news. they give you bad press.

power"up, "balance of with david westin. he is previewing the fed decision with jason furman. mberg. ♪ ♪ david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, i am david westin. welcome to "balance of power," where the world of politics meets the world of business. i want to start off with a check on the markets. to give us that we are joined by scarlet fu. how are we doing? scarlet: not so bad and the stock market is more broadly positive that a first glance at the s&p and nasdaq would indicate. the people wait s&p 500 is up more than one part -- the equal weight s&p 500 is up more than 1%. the market cap waited s&p is pushing modest gains, up only .4%. it is higher for a big day but they tech is a drag for the day. thanks to losses and facebook, apple, and a video. leadership focuses on cyclicals. energy, financials, and industrials. facebook out of blockbuster fourth-quarter result. classes,look at asset when you have monetary policy, you have stocks highein

the former fcc chairman be joining -- the former sec chairman will be joining david westin. ♪ ♪ david world headquarters in new york to our tv and radio audiences worldwide, i am david westin. welcome to "balance of power," where the world of politics meets the world of business. today marks 19 years since that clear september morning in new york when commercial airliners were turned into weapons to attack the heart of wall street. the morning has been given over to events commemorating the day and the lives we have lost. we welcome one of the u.s. officials called upon that day to address some of the crisis as it unfolded. harvey pitt was the chairman of the securities exchange commission when the markets were shaken to their core. we welcome him black -- we welcome him back to bloomberg. take us back to the day. where were you when it happened. what was your immediate reaction? in my office preparing to go to new york city and someone came in, it was very early in the morning and told me it appeared

i'm david westin. will be in kenosha, wisconsin today where he will meet with the family of jacob blake who shootings by police trigger demonstrations and violence. we welcome now kevin cirilli. give us a sense of what the biden campaign is doing here, what the message is they are trying to get out. kevin: in terms of policy, this is an opportunity for the biden campaign to roll out policy for how democrats would combat with what they are arguing is institutionalized racism and inequality in this country, a stark contrast from republicans, who have been pushing for new policies as to funding police departments as well as what they are saying is law and order. the politics is fascinating. no-show county is a county that president trump was able to beat hillary clinton on by just 255 votes, the first republican in more than two decades to carry the county in a presidential cycle. whenf this comes at a time after the convention, voters in swing districts across the country are really starting to pay atten

coming up, david westin will be speaking with dnc chairman tom perez.omberg. ♪ david: from bloomberg's world headquarters in ne

this is bloomberg. ♪ from bloomberg world headquarters in new york, i'm david westin and welcome to "er." we have a check on the markets. scarlet is joining us. the markets continued there -- their selloff, led by tech. scarlet: it has been looking that way, but we have staged a little bit of a comeback. it is kind of fizzling out. if event weight is hundred is down less than the nasdaq 100. and it treats every company with the same weighting, unlike the s&p 500. not that hundred off by 2%. the biggest drags today are the ones that kept pulling the market to new heights in august, amazon, apple, facebook and alphabet. and you can blame it on the fed to some extent. shares

coming up, "balance of power" with david westin on bloomberg television and radio.rg. ♪ look here, it's your very own all-in-one entertainment experience: xfinity x1. it's the easiest way to watch live tv and all your favorite streaming apps. plus, x1 also includes peacock premium at no extra cost. this baby is the total package. it streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. yup, the best really did get better. magnificent. xfinity x1 just got even better, with peacock premium included at no additional cost. no strings attached. ♪ if i could, baby i'd ♪ how can i, when you won't take it from me ♪ ♪ you can go your own way ♪ ♪ go your own way your wireless. your rules. only with xfinity mobile. ♪ david: from bloomberg world headquarters in new york to our tv and radio audiences worldwide, i am david westin. welcome to balance of power, where the world of politics meets the world of business. we continue with the election and the economy. voters continue to say the economy will be the number one thin

balance of power is coming up next with david westin on bloomberg television and radio with blair ephrongive his debate takeaways. this is bloomberg. ♪ ♪ david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, i am david westin. welcome to "balance of power," where the world of politics meets the world of business. let's get a check on the markets first. -- that is wrong. last night they had the debate in cleveland. it is fair to say we got a lot more heat than we did light as a practical matter. mr. biden: everybody knows he is a liar. i want to make sure -- president trump: you graduated last in your class. mr. biden: you're the worst president america has ever had. president trump i wear masks when needed. i do not wear masks like him. every time you see him he is wearing a mask. he could be speaking to hundred feet away and he shows up with the biggest mask i've ever seen. >> what is the trump health care plan? president trump: i guess i'm debating you and not him. the question is radical left. mr. biden: will you shut up, man? >>

shery: that was bank of america ceo speaking to david westin. ahead on "bloomberg daybreak: australia." this is bloomberg. ♪ haidi: very good morning, i'm haidi stroud-watts in sydney. we are counting down to asia's market open. shery: our top stories this hour. tiktok sale moves a step closer with president trump giving his approval in concept. owner of bytedance aims for a valuation of $60 billion if the deal goes through. the president says he will nominate a

balance of power with david westin is coming up next. bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. ♪ if i could, baby i'd ♪ how can i, when you won't take it from me ♪ ♪ you can go your own way ♪ ♪ go your own way your wireless. your rules. only with xfinity mobile. ♪ david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, i am david westin. welcome to "balance of power," where the world of politics meets the world of business. ruth bader ginsburg change the course of american law long before she came to the supreme court 27 years ago as a leading advocate before the court and on the court of appeal

coming up on "balance of power" with david westin, senator mike braun, republican of indiana, will join. ♪ ♪ ♪ you can go your own way ♪ go your own way your wireless. your rules. only xfinity mobile lets you choose shared data, unlimited or a mix of each. and switch anytime so you only pay for the data you need. switch and save $400 a year on your wireless bill. plus, get $400 off when you buy the new samsung galaxy note20 ultra 5g. ♪ from bloomberg world headquarters in new york to our television and radio audiences worldwide, i am david westin. welcome to "balance of power" where the world of politics meets the world of business. we are joined by abigail doolittle. what goes down must come up. 500ail: we do have the s&p and the other averages having a nice rebound after the three-day slide, the worst three days for the nasdaq since march. that is the degree of selling power. today we have the s&p 500 up 2.2%. important is the fact we have some of the big mega cap names rallying in a huge way. apple up 4.5%. microsoft is also higher. tesla, thoseebook, names that have been hit. the qu

i am david westin. welcome to "balance of power," where the world of politics meets the world of business. i want to start off with a check on the markets. to give us that we are joined by scarlet fu. how are we doing? scarlet: not so bad and the stock market is more broadly positive that a first glance at the s&p and nasdaq would indicate. the people wait s&p 500 is up more than one part -- the equal weight s&p 500 is up more than 1%. the market cap waited s&p is pushing modest gains, up only .4%. it is higher for a big day but they tech is a drag for the day. thanks to losses and facebook, apple, and a video. leadership focuses on cyclicals. energy, financials, and industrials. facebook out of blockbuster fourth-quarter result. classes,look at asset when you have monetary policy, you have stocks higher in the dollar lower and bonds higher. that is pushing yields down. all of this before the fomc announcement at 2:00 p.m. fed policymakers are expected to reinforce the policy shift they re-articulated l

i'm david westin.ek, contributors larry summers of harvard and gillian tett of the financial times. university of chicago professor austan goolsbee. dr. steve corwin of new york presbyterian. dr. corwin: i thought it was unfortunate the cdc came out with guidelines for less testing. david: congressman patrick mchenry of north carolina. >> i think the fed has been the best

i'm david westin.ntinue to wait for the white house for the historic ,igning between israel, the uae and bahrain. but earlier, we sat down with bill gates, and one of the things i talked about was the vaccine and about whether politics would interfere. bill: that would be a tragedy, and any suggestion that a politician helped create the vaccine or it is faster because of a politician is a dangerous thing. we saw with the completely bungled plasma statement that when you start pressuring people to stay optimistic -- say optimistic things, they go completely off the rails. so the fda lost a lot of credibility there. thank goodness the companies were saying the fda's issue openness licenses, for a range, they will not seek that shortcut. >> do you still trust the fda? bill: in the fda, there are a lot of professionals. like the cdc is viewed as the had of the world, the fda the same reputation as a top-notch regulator, but there have been some cracks with some of the things they have said at the commissio

coming up on "balance of power" with david westin, he will be speaking with the johnson & johnson chiefc officer. happy thursday. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands free. call right now. (upbeat music) ♪ david: from bloomberg's world headquarters in new york to our tv and radio

david westin leading -- election 2020. david westing leading our coverage.nd withn jeanne zaino as well. this is bloomberg. good morning. ♪ ♪ from new york and london for our audience worldwide, good morning, good morning. "the countdown to the open" starts right now. 30 minutes until the opening bell with equity futures going nowhere right we begin with the big issue. debate night in cleveland, ohio. >> this will be a big show. >> the most important thing is how does joe biden do. >> the former vice president is clearly in the lead. >> joe biden leading donald trump by something like six to 10 points and should be considered the favorable. >> people have already formed their opinion about trump. >> the number of undecided voters is real but it is small. >> everyone is now fighting for the votes in the middle. >> the most important to me since nixon versus kennedy. >> this will be the most watched debate in a very long time. jonathan: people will watch it. will it matter? three quarters of u.s. voters saying they will watch the debate, but only 3% saying

i'm david westin.reme court justice ruth bader ginsburg well lie in state at the supreme court tomorrow even as a patterson battle rages across the street at the capital with the republicans meeting today on whether and how to move forward on a vote on whomever president trump nominates this saturday. we welcome jeannie is a no. give us your take. we heard from senator mitt romney today saying he would go forward with a vote. they are having a caucus lunch today, the republicans. is it a foregone conclusion? ,eanne: with romney on board very hard to stop the momentum of the republicans in the senate, that they will move forward. we don't know the date of an actual vote, the timeframe is pretty narrow. if the president makes a nomination on saturday, you are talking amongst the quickest nomination votes in history, but it is possible. whether they do it before or after the election, i think they will do it before the end of the year. if they do it after the election, does it become more difficult? what

coming up, "balance of power" with david westin on bloomberg television and radio. bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. ♪ david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, i am david westin. welcome to "balance of power," where the world of politics meets the world of business. let's get a check on the markets right at the top. joining us is abigail doolittle. volatility is the watchword. it is all over the place. abigail: it is unbelievable. this week is a microcosm of september and the year, this year has been made up of who -- of huge whipsaw up and down. right now stocks are trading higher, pulling out of the

power withbalance of david westin. nancy pelosi. erg. ♪ david: welcome to balance of power, where the world of politics meets the world of business. we will check on the markets because they are selling off once again. they are off lows. abigail: it appears to be a continuation of intense selling pressure we saw last week as mel -- mega cap stocks sold lower. the nasdaq 100 leading the decline down about 3.1%. it is important to recognize that it does not feel panicked. dow transplants -- transports are down. you would probably see that truly sensitive to the economy index. rather, there seems to be a continuation of technical selling in terms of frothy accident

. >> let's bring in david westin who has been following the story. vid, tell us more about what the report is saying or what the indications are -- the implications are here ? very lengthy report from new york times who of gone over two decades of his tax returns and he is not pay taxes and a lot of years, 10 out of 15. $750.ar he was is notys number one he paying a lot of income tax which is not good for president and the number two the reason he is not paying his because he is not been that successful as a businessman. he says it's fake news but that is the upshot of the report. how does this play into the campaign narrative and coming up in the presidential debate this week? david: you know how he will be in that first debate. it will be a big subject of the debate. no question. joe biden will raise it if no one else raises it. at the same time, right now i think president trump the more time he spends away from covid-19, his response to it and the economy the better, ironically. this is distracting us and he will say he is really smart yet really

david westin, great to have you on.know that she would be the most conservative the mill justice. what implications what her appointment have for generations of americans and the election? >> those are two important questions. it is hard to predict, a lot of people, when they get to the -- when they get to the supreme court are different from what people thought. i think she will go in a conservative direction. she will be more conservative than we have seen from a woman. it will be a radical shift from ruth bader ginsburg. in individual cases, it is harder to say. in the eleciton, it makes more sense for the senate races than for the president. haidi: president trump speaking at the top of the hour commenting on the appointment and saying he did not discuss the issue of the election with amy coney barrett, but he is sure that his supreme court nominee will be watching the ballot situation. explosive in on this new york times story about his taxes. saying he paid just $700 in taxes per year. didn't pay taxes for 10 to 1

david westin will cover, full coverage from new york 8:30 p.m. new york time. your first word news. laura wright is with me at london hq. macron isanuel equipped to meet with the opposition leader in belarus as he is serious about confronting russia. the eu is holding a summit to discuss potential sanctions against moscow for not cooperating on belarus. u.k. could be facing a long-term increase in the size of the state as well as substantial tax hikes. the institute for fiscal studies says it is highly plausible government spending could hit 45% of gdp by the middle of the decade. that is a level not sustained since the 1970's. it underscores the major shift being brought on by the pandemic. a wildfire ripping through northern california's one country has more than tripled in size. it is forcing thousands of evacuations and destroying properties in the region. the glass fire north of san francisco reached more than 36,000 acres monday night, the second fire in shasta county is raging, having killed at least three people. global news, 24 hours a day, on air and on quicktake by bloomb

we spoke exclusively with bloomberg's david westin. a while that we will keep government open. the secretary of the treasury has made a similar statement. we are working out the details. we hope to have it today so that we can bring it to the floor early next week and then go to the senate, which usually takes a bit longer in terms of their process. by the end of the fiscal year, september 30, there will be no question that the government will be open. david: how long will it be extended? >> that is a question that we are still negotiating. david: i tried. of bank of america said earlier that we need or stimulus. we need it for the people that are hurting right now. where are we on that deal? you can down to 2.2. now we have a $1.5 trillion, is. where are you? rep. pelosi: i am at 2.2. senate democrats and house democrats agree on the $3.4 trillion. the heroes act. why the know republicans did not think that the american people were not worthy of that investment. taking some of the time off of it, not changing priorities, but shortenin

the political conversation today, the speaker of the house of representatives will be joining david westin"balance of power," an exceptionally strong performance by mr. weston today. we look for an anti-posey in the 12:00 hour. this is bloomberg. futures red and green on the screen. ♪ of thewaco call joins me book of the summer, richard haass of the world. this is a book that should be thrown at .veryundergraduate i want you to start with thomas hobbes, you stagger through hayek and the shift of the university of chicago, and then you melt william -- you melt william gladstone with the 19th century. where is william lincoln out there? where is gladstone and lincoln out there now? all, thank you, tom. tom: continue. >> thomas hobbes is important because when he sat down to write leviathan, about the structure of government, it changed in number of things. was the most powerful place in the world. more --e economy, far it had everything. but the west came back because it adopted -- when you talk about how to change government, we thought about what you could do if you used an imaginary figur

i'm david westin. this week, two former treasury secretary's.nk paulson of the paulson institute. mr. paulson: this is a very serious challenge. much more significant than what we faced during the 2008 financial crisis. david: former federal reserve governor dan tarullo. sam palmisano who ran ibm. >> enterprise tech companies

i am david westin. we are speaking with nancy pelosi. we need a financial stimulus.e a heroes act for over three months without real action from the senate. do we still need this as badly? the economic numbers are coming in not as badly. did we really have a cliff we stepped off of? speaker pelosi: yes, we have tens of millions of people unemployed in our country and whatever the analysis is at the kitchen table we need a stimulus. we need a stimulus in terms of job creation, we need money to invest in ending -- this is a mystery to me why this administration has refused to invest in crushing the virus. not only in doing that are we able to open the economy and open our schools safely, we need funding to keep people from being evicted, we need food security funding, and all of this is stimulus. food stamps are stimulus, unemployment insurance benefits are stimulus to the economy. while they are stabilizers, they are also stimulus. david: if that is the case, why are people not across the way and the senate getting that message? they do not seem to be very inclined to

earlier, david westin spoke to the chief scientific officer.mber p and we announced yesterday that we are going to recruit 60,000 people in the study. the study will be run mainly in the u.s. but also south america, six countries, as well as south africa, to recruit diverse people, both young and old, as well as diversity of african americans, latino, the different people at risk. what is special is this is a single dose of vaccine. we have shown through our research and preclinical and clinical testing that the single dose will be sufficient to protect people. we are going to some -- study this in the next trial in the next few months. theie: you mentioned elderly, african-americans, hispanics that have been disproportionately affected by the virus. as you get your group of volunteers, do you over index for those that are most vulnerable? >> yes, we are doing that. we have been working with epidemiologists and data scientists to find out where in the u.s. we can find regions of high transmission but also population groups which are over indexe

at 12:00 noon, grilling by david westin of the professor.bloomberg." ♪ your bloomberg business flash. amazon wants to make shopping online as fast to quick window store. the largest online retailer will open 1000 small delivery hubs in cities and suburbs all over the u.s.. it will help amazon take on walmart better when it comes to same-day delivery. j.p. morgan chase sent some of the workers in manhattan on this week. one of the bags employees and equity trading tested positive for the coronavirus. news of the infection came several days after j.p. morgan told senior traders they needed to start working again at the office instead of at home. the fighting started up has raised $40 million including hosts virtualch cycling races. than $1w valued at more billion. that is the latest bloomberg business flash. tom: thank you. it is all a pr exercise when you have the changing of the guard in japan, that is what happens and the words of stability, continuity, and the other words of calm reign supreme. behind the curtain is chaos. at the ldp and a

david: from bloomberg world headquarters in new york to our tv and radio audiences worldwide, i am david westince of power or world of business. we will start with the presidential election. with the attention of both campaigns consumed with the explosive reporting with bob woodward's new book about the president's handling of the coronavirus, something the president himself addressed yesterday. president trump: we do not want to have to show panic, we will not show panic. i was very open whether it is to bob woodward or anyone else, it is just another political hit job. whether it was bob woodward or anyone else, you cannot show a sense of panic or you will have bigger problems than you ever had before. david: for her analysis of the politics of the book, we welcome bloomberg lyrical contributor jeanne zaino. this was a blockbuster for all of us. explain the potential political ramifications for the disclosure the

i am david westin. we turn to mark crumpton for bloomberg first word news.ark: boris johnson's conservative party has struck a deal with rebels from within his own party over giving u.k. parliament more power to scrutinize new emergency coronavirus measures. that move of a damaging blow to his authority. speaking at the house of commons , the prime minister set a risk posed by an increase in virus cases in the u.k. and europe calls for swift action. johnson: there is a serious and growing problem with the resurgence of the virus and that is why we have put forward the package of measures we did last week. the prime minister had been warned more than 100 of his own mp's were preparing to vote against the parliament if that comprehensive government did not compromise. nine zip codes in new york city account for one quarter of all coronavirus cases citywide. that is according to mayor bill de blasio, who says parts of brooklyn and queens are helping to drive up the rate. the weekly average of positive tests rose slightly to 1.46%, and new daily cases increased

television and radio audiences worldwide, i am david westin. welcome to "balance of power" where the world of politics meets the world of business. we are joined by abigail doolittle. what goes down must come up. 500ail: we do have the s&p and the other averages having a nice rebound after the three-day slide, the worst three days for the nasdaq since march. that is the degree of selling power. today we have the s&p 500 up 2.2%. important is the fact we have some of the big mega cap names rallying in a huge way. apple up 4.5%. microsoft is also higher. tesla, thoseebook, names that have been hit. the question is whether it will last. the major averages have put in what seems like a tall -- for solid test of the 50 day moving average, which is a way of saying the near term buyers have bought the debt. the bigger question is will they continue to buy the dip knowing all of the information they know. the volatility, the uncertainty around the election, the stimulus, plus the fact that some of the august move up first stocks had so much to do with

david westin, 8:30 eastern. the coverage begins right here on bloomberg.is "bloomberg surveillance ." ♪ jonathan: from new york and london, for our audience worldwide, good morning tea while. this is "bloomberg surveillance ," live on bloomberg tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. two hours away from the opening bell, here's your price action. equity futures taking a dip even 0.1%. not the euro-dollar reclaiming a $1.17 handle. a weaker dollar story through much of g10. the bond market, we keep joking about it, but it has really important consequence is for people trying to put together a portfolio. ten-year,the u.s. unmoved through the shakeout of the last several weeks. that present a lot of problems for people who try to find that diversifier. tom: i am so glad you bring this up. john normand was brilliant this morning on this lack of anchor. i brought up mr. dalio and mr. prince, and how they have gone in search for new anchors. john normand said this is fraught with risk. these are not equivalents to full faith an