>>david: um, >>amanda: speaking of debates >>david: yeah. >>amanda: what'd you, did you watch the democratic debate? if so, what'd you think about it? >>david: you know, i heard a little bit of it on the radio >>amanda: uh-huh. >>david: because i was comin' home from a, an event at simpsonononon college. and so >>amanda: okay. what did you think? any impressions? >>david: it seemed a little bit more controlled because there was only 5 people on stage instead of 12 or 13 so >>amanda: right. do you think at this point that hillary is going to be the one to beat and do you think republicans have a good shot at beating her if she does get her nomination? >>david: i think, you know, she's in the lead and i think she's probably the one that they're chasing and the one to beat right now. >>amanda: mmhmm. >>david: you know, as we're trying to winnow down the republican side >>amanda: mmhmm. >>david: the democrat side may grow. you never know with joe biden possibly getting in >>amanda: that's right. >>david: our vice president, so as yogi berra said

david? david: this may have affected price of oil a bit.ew reports that russian airstrikes directly targeting syrian rebel groups supported by cia the white house though is refusing to step in to help our allies because they're afraid of causing a blowup with the russians. meanwhile our few allies in the region are being slaughtered. here to weigh in, kt mcfarland, fox news national security analyst. well, first of all, you and i talked about this last week, whether it was possible that they were actually targeting hour allies, the russians. now according to "the wall street journal" they quote a senior official saying there is no question it is intentional, the russian bombing. they know what they are hitting. >> absolutely. you and i got it right last week. why are the russians doing this? they know if they destroy all the moderate opposition, u.s. allies, cia-trained allies, moderate syrian rebels, syria will be left with two choices or world will be left with two. assad staying in power or isis? who are we going to choose? at that point

david co -- david: let's go back to david rubenstein, the cofounder and co-ceo of carlisle.ecovering lawyer. and the second thing is, you are a real history buff and you own four copies ---- a copy of the magna carta, a copy of the declaration of independence. we woke up this morning to rally in $2.5 trillion equity markets. oil is up, all good news. let me go to the dark side. as you look around the world, what are you most concerned about. one of the weak points as you ?ook out gekk david: we have not had a recession in six years. we tend to have recessions every seven years, ever since world war ii. so you can expect a recession. i do not think we are there now. expect some slowdown after good growth the last couple of years. i do nothing where likely to grow more than 2% in the united states this year. europe will be about 1%. china is slowing down to about 6%. i do nothing we are going into the precipice where it will be a recession. i think it will be modest growth for a while. stephanie: are you a buyer or a seller right now? david: we are always a buyer and a seller.

david, you have been at the firm for 15 years? david: 16. emily: john, you put greylock on the map in silicon valley. how did you do that? john: it was a partnership effort. we both take some credit, but it is a team effort. in the early 2000's, we made a move to say every partner should have an operating background. that allows us to connect better to entrepreneurs, to build companies. emily: john, you were the ceo of mozilla. you started your career as a scientist at apple? john: that mostly means i didn't ship code at apple. i was doing experiments around the edges. emily: why greylock? john: i wouldn't want to work at most firms. emily: why not? john: i like people who make things. everyone at greylock valued making products. it is characteristic of david to enter the question like, no, it was everybody else. emily: you did find facebook and linkedin. you convinced reid hoffman to join the firm. how did you do that? how do you do that? david: again, it comes down to -- we believe if you come from product and you have that background and

david: ruin the firm. emily: do these people still work at greylock? david: some do, some retired.ot because of that. emily: john, you are behind some of the newer hits -- dropbox, instagram, tumblr. how do you fill the big shoes of david sze? john: what i learned is you probably don't try. for me, instagram is a good example. i brought it in and people did not love it. emily: really? john: reid was not sure it would work. i believed in kevin and had enough affinity for the category and the product that i really wanted to do it. emily: why didn't reid think it would work? john: i don't know. reid said some words, and who knows exactly what he meant? he thought it was interesting, but not huge. emily: is there a science to it, a formula to these things? john: with kevin, it took me a while to convince him to raise money. i chased him for the better part of six months. david: airbnb is another example. this is one i was like, i don't get it. i don't get it. reid was on the other side pushing really hard to make it through. we think that dialectic, combined with respect for each other

david? david: interesting, very interesting. what caused him to make that decision? we'll be getting into that in detail in this hour. peter, thank you very much. melissa. melissa: congressman brendan boyle, pennsylvania, didn't see vp biden's decision coming. he joins me. you had it on good authority he was getting into the race. you're not only one. what do you think happened? >> i've seen this before. clearly where vice president was over the weekend was he was running, and i'm not the only one who had gotten that indication. then something happened in the last 24, 48 hours to cause him to pull back. in one sense i'm surprised, but another sense i have seen before candidates, even candidates i recruited in the state legislature, make the plans, help people to run, ready to go, right at the last second come to the realization they don't want to do it. i think you saw that conflict in president biden speech today, 99% of it sounded like announcement speech. melissa: right. >> everything he

david karp. thank you so much for joining us. david: thank you for having me.mily: thank you for having this on the schedule. david: i do have a schedule now. emily: now you are part of yahoo!, you have meetings. david: we had meetings before yahoo! this has turned into a pretty major team of 300 people. and a pretty major business that we launched a year and a half ago. emily: tell me about you, where you grew up. tell me about your parents. david: i was born and raised in new york city. my mom was a teacher. she started in the music industry. my dad was a composer. did a lot of work for television, particularly in news. i found myself surrounded by all of this creative technology growing up. in my dad's recording studio, in my mom's work in the recording industry. i remember spending those nights and weekends in the recording studio. it felt like the starship enterprise. emily: when did you learn how to code? david: i learned markup languages when i was about 11 years old to start making stuff for the internet. when i was 13 years old or 14 years old, i start

david, over to you.id: pfizer, the company that makes viagra, and allegan, the company that makes botox, are in talks. our health reporter joins us now. benefits, theving tax benefit of this deal. crossing the terminal now, a letter carl icahn wrote to senator and condors meant, bringing up this deal and saying "the imminent planned exit us of many of our best companies is very dangerous, as it will cause the loss of thousands of jobs as well as hundreds of billions of dollars in future tax revenue and investment in the united states." that me ask you about why pfizer is pursuing the deal. there is the opportunity to acquire certain drugs under development, but taxes are a huge issue. >> speaking at a breakfast, he was very clear that taxes are a major problem, and they believe it is a competitive disadvantage to be u.s.-domiciled in this industry. he said, with less tax, we can spend more on r&d. his argument is not that we want to leave the u.s., they just don't want to be subject to the u.s. tax burde

david: yeah. just when you thought we may be out of the woods, more signs the economic recovery is still waivering. -- wavering. [closing bell rings] melissa: dow and s&p click lower. the dow down 26 points at the close. more than a 10th of a percent. gold higher. a mixed day on wall street. david: it is a mixed day. while markets wait for tomorrow here is everything you need to know right now. a brand new poll showing ben carson managing to hold on to his lead in iowa but donald trump showing strength in other polls including new app poll showing seven out of 10 voters think donald trump is the most electable republican candidate. while trump is leading without spending a lot of money, jeb bush's deep pockets are not helping his struggling campaign. so he is turning to his family for support at least moral support. carl cameron following trump's competition from washington, d.c. carl? reporter: david, this is a conference taking place in texas planned months ago when the bush campaign anticipated

david: hold on a second. a lot of people say the tea party which you aligned yourself over the years since 2009. i went back and looked at all the tea party support for you. the tea party was dead-set against him. so why are you for him. >> actually he had a great deal of tea party support. what he lacked was group in republican conference, instead of respecting the overwhelming decision of the majority of the republicans in the conference, decided that they would go off on their own, side with the democrats and deny the republican selection of the speakership. that moves the center of gravity to the left. i tried to warn my friends in the freedom caucus, those 188 democrats are far more likely to align with 29 most liberal members of our caucus, not the 29 most conservative. david: congressman fleming i want your opinion what your fellow congressman said. i know tea party representatives all over the country dead-set against kevin mccarthy. they saw him pretty much a clone of john boehner who they didn't lik

david: david, thank you so much for your time.up in the next hour of "bloomberg market day," the beaches may be sunny, but the commonwealth has had a stormy situation for month. -- months. is there a bailout for puerto rico? the truth about serrano's -- about theranos. whoyou won't believe netflix is blaming for its disappointing quarter. that is all coming up next. ♪ david: welcome back to the "bloomberg market day." i am david gora. time to look at the bloomberg business flash. billion takeover from budweiser to miller. couldllion in bonds possibly be issued in multiple currencies. the takeover is the biggest consumer deal ever. "bloomberg news" has figured out is said tohe bank plan the sale of u.s. private client brokerage. that does not include deutsche bank's u.s. private bank. u.s. investigators want answers from valiant about its drug price increases. afterave subpoenas issued the prices raised on a number of drugs this year. you can also get more news at bloomberg.com. stocks are getting it boosts. julie hyman has more fr

david: thank you.ommodity markets just closed. let's take a look at the biggest movers. ramped up the biggest weekly advance, and sink rallied the most. very fascinating, closing down southernerating in america. what exactly will this do with the deadlines in california? much theyou very invitation to come on bloomberg is. -- news. a risky bet,ol is not for investors but obviously for pension ears. today we have a couple of gdp from carbon. valued at 500 ilion dollars in the upcoming year 26 the -- 2016, with will begin testing divestingfrom -- holdings. the bottom line is that continued investments in thermal aal is a risky bet and is horrific thing for the public health of our children. david: you mentioned the size of those pension programs. a small percentage of that is coal. and this is mostly a rather symbolic gesture. >> there is a lot of financial investors globally that are a technology the risk of the holders from citibank to hsbc, to berkeley's. fund combined value is about half $1 trillion.

david. david: well, the u.s.calling for an end of violence in israel by brokering a deal but does anyone over there listen to us anymore? when a moment turns romantic why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a free 30-tablet trial

david. david: all righty.ou ever think you would see bernie sanders on same stage at the same time? one former lawmaker made it happen. we'll talk to him coming next. >>> small scale movie on visionary, causing some stir and raking in some dough at the same time. details coming right up. active management can tap global insights. active management can take calculated risks. active management can seek to outperform. because active investment management isn't reactive. it's active. that's the power of active management. technology empowers us it pushes us to go further. special olympics has almost five million athletes in 170 countries. the microsoft cloud allows us to immediately be able to access information, wherever we are. information for an athlete's medical care, or information to track their personal best. with microsoft cloud, we save millions of man hours, and that's time that we can invest in our athletes and changing the world. david: democrats and republicans sharing the stage to talk about the same

david: melissa.a: tesla model s no-go, "consumer reports" holding recommendation for tesla model s, one reason is raved, poor reliability for the electric sedan of the stock is down 10% immediately following the news. it has come back since then. deirdre bolton joins me with more. >> melissa, i will go through list of some of the complaints that were logged. troubles with power equipment and giant ipad-like center console. essentially body and sunroof squeaks, leaks and rattles which i think when you're buying a tesla and you have this image of perfect engineering, you don't really want a sunroof that leaks or rattles. so tesla's comment, okay, fine. this is consumer reports, would like to point out a counter comment our customer service always gets excellent reviews. we have the most loyal customers. consumer reports further published with an analyst say, this does not bode well for the suv that was just launched. there is supposed to be this mass market car that comes to mark net in 2017, the model

david: right. jo, kind of reminds you about groupon, come up with a great idea you're doing terrific until another guy, another guy, and they always improve idea. amazon has music in addition to a lot of other things of the apple has music in addition to lot of other things and pandora relies on music. >> it does. relies on music in serious way. has a huge lead being earliest entrance into the streaming music world. they did set the standard. they still win majority of market share, like amazon is still dominating e-commerce. something i want to point outbreaking this hour, pandora is agreeing to pay $90 million over royalties for the oldies, songs they were not paying royalties forker they are going to have to do this. this is year after legal battles in order to reach settlement. these are recordings made before 1972. more money out of the bank for pandora. david: not good. we have more earnings. melissa. melissa: at&t reporting third quarter results, back to ashley webster with those numbers. >>

david koresh was too. after a certain period of time, both sides just lost any kind of trust or faith in the other, period. and then it became a pissing contest. it really became a territorial thing, and neither side was backing down. >> i believed in the fbi as a kid, but they became liars to me. they just became -- god, they fit the profile scripturally of pride and arrogance to the extreme, and it was absolute power run amok. and i felt sorry for them, the agents and the people that were behaving that way. >> after four long weeks with no break in the negotiations, david koresh meets with his legal counsel. >> that marathon siege in waco, texas, it might just be that the end is now just a short distance away. >> so far today, they have had two face-to-face meetings with his client david koresh inside the besieged branch davidian compound. >> dick advised us there had been a major breakthrough and david had agreed to exit, and he would exit as soon as he had finished writing his manuscript of the meaning

david? david: well, it is precisely that for which we're going to be awaiting a very important interview coming up. peter, thank you very much. we of course have rand paul coming in just a moment to talk about his filibuster of that. melissa: yeah, the day is not over on capitol hill yet. senator rand paul will be filibustering the budget deal. but first he joins us on "after the bell." that is coming up in just a little bit. david: ashley webster has details of starbucks numbers right now. ashley, what are the numbers? reporter: let me tell you, they came right in line with expectations. starbucks on earnings per share at adjusted price of 3 cents where the estimate was -- 43 cents. estimate was 4.9 billion. just the slight beat if you like on revenue. comparable sales in the u.s. up 8%. in china and asia they were hoping for comp sales to be up some 9%. they were up 6%. perhaps a little slower than expected on the sales in china, up 6%. that is starbucks right in line with what we're expec

i am david -- the "bloomberg market day." i am david gura.omberg's financial crimes reporter tom schoenberg and jesse hamilton broke this story. tom, let me start with you. tell us about where this bank was situated, and what it was doing? tom: they got into the retail banking scheme about 10 years ago in california, by buying a number of regional banks. they included a number of banks on the border with mexico, where this branch is located. david: people began to look at it as cash was being carted out in trucks. it had an overabundance of u.s. currency. jesse: that's right. branch wasular experiencing a tremendous unusual outflow of cash that was one or two or more trucks a week would pull up to the bank and hollowly cash, which is unusual if you are not bring cash to service customers. it certainly drew a lot of attention from the agencies that , and certainbank law enforcer agencies as well. david: what's the status of that? when you look at who might be investigating, who is looking into it? have about a half-dozen agencies that looked i

david. david: unbelievable story. a few other stories on our radar, president obama apologizing to the president of "doctors without borders" about the air attract that hit the group's medical clinic afghanistan that killed 22 people. offered condolences to the staff. assured there would be thorough and objective review of all the facts. >>> iran's supreme leader saying any negotiations with the u.s. are now banned. he said talks with america only brought end lis disadvantages that could harm the islamic republic. stay tuned on that. >>> the death toll from historic flooding in south carolina has now risen to 15. some areas of the state are preparing for even more flooding. a thousand residents near the compromised beaver dam were told to evacuate this morning. >> joe biden is klaining on hillary clinton in her race to the white house but he hasn't even entered the race. we'll look what the it means for the clinton camp. >>> america's pumpkin obsession may be getting out of hand. a shortage may leave you at the a shor

david: david: not kicking the can. d.c. may cop promize and cut a budget deal a parting shot by boehner. naturally not everyone is on board. mets versus royals, what you have to know before the first pitch in the world series takes place. ♪ good.how was your commute? yours? good. xerox real time analytics make transit systems run more smoothly... and morning chitchat... less interesting. transportation can work better. with xerox. thank you for calling. we'll be with you shortly. yeah right... xerox predictive analytics help companies provide a better and faster customer experience. hello mr. kent. can i rebook your flight? i'm here! customer care can work better. with xerox. wait i'm here! mr. kent? ...of fixodent plus adhesives. they help your denture hold strong more like natural teeth. and you can eat even tough food. fixodent. strong more like natural teeth. fixodent and forget it. good. very good. you see something moving off the shelves and your first thought is to investigate the company. you are type e*. yes, inves

i am david gura. first story.nited auto workers union threatening to go on strike against fiat chrysler tonight. a proposede rejected contract. they want an end to the two-tier pay system. no growth at monsanto. they will eliminate 2600 jobs come about 12% of its workforce as part of a cost-cutting plan. the company said profits will be week through 2016 amid the commodity slump. compete with to facebook, making articles on smart phones load faster. they promised their mobile pages project will load mobile webpages almost instantly. you can always get more business news at bloomberg.com. let's go back to the markets desk. some company movers. julie: other company movers. tesla is one of them. after bear cut the stock to a neutral from an outperform -- you can see the shares down by about 3%. all of this related to its new suv, the model x. it's ramp-up of that vehicle will likely be slower than the market is estimating and it could impact the 2015-2016 vehicle delivery estimates. which is some analysts already sai

david. david: i don't think i'll be wearing them.meanwhile a look inside jeb bush's campaign strategy, details from his blueprint shows which candidate he's really going after. it ain't trump. steve forbes is here to analyze this. and the nfl is getting less uniform with more uniforms. thursday nights are going to be a little bit more colorful. we'll explain technology empowers us to achieve more. it pushes us to go further. special olympics has almost five million athletes in 170 countries. the microsoft cloud allows us to immediately be able to access information, wherever we are. information for an athlete's medical care, or information to track their personal best. with microsoft cloud, we save millions of man hours, and that's time that we can invest in our athletes and changing the world. perfect driving record. >>perfect. no tickets. no accidents... >>that is until one of you clips a food truck, ruining your perfect record. >>yup... now, you would think your insurance company would cut you some slack, right? >>no. your insuran

david: i am david westin. i notice you are in orange. what a surprise. i was hoping you would be in costume. stephanie: i would like to, but the man sitting with us today, bloomberg editor in chief matt winkler would not be willing to sit here while i am in costume. matt: no comments. david: let's start with the first word, and for that we go to vonnie quinn. vonnie: the senate worked through the night to avoid a potential debt default. the government's borrowing authority has been extended march. the bank of japan will not add stimulus for now. the bank of japan kept this monetary policy unchanged. core prices fell in september for the second straight month. in syria, opposition activists say a government rocket attack has killed more than 40 people. the rockets struck a suburb of damascus. says the talks are only to resolve the conflict. a russian official says it is up to the syrian people to decide the future of resident bashar al-assad, who is backed by russia. that is a check on the market -- now for a check on the market with matt miller. matt: ta

david: thank you.shment candidates raised their voice last night in the third republican presidential debate. the first debate of the season supposedly focused on the economy. mark halperin joins us from colorado, where i expect he has been up all night. mark, while compared you want to start out with your report card -- mark, welcome. you want to start out with your report card? mark: sure. i did sleep for about three hours, but i did dream about the debate. the top three people in my grades, a minuses for the two young senators, rubio and cruz, both of whom now have a chance to reshape the campaign. they showed what they got last night. they showed what their strengths are. governor christie did quite well. the two current national front-runners, carson and trump, i have them next. i thought they did fine. the person who made the most news last night made the news by doing poorly. jeb bush did poorly overall. he had a horrible face-off with marco rubio. and in a financial world, you are already seein

david, melissa, take it from here. david: you will stay close. melissa: liz, we will have your exclusive interview with treasury secretary jack lew coming up. david: the president backpedaling on his plans to withdraw troops in afghanistan. did he cry uncle with a wrestling match in the pentagon? [closing bell rings] dow closing up well over 1%, 218 as it settles. here is what is happening with all the various stocks today. melissa: here is where we end the day on major indices. look at nasdaq, up 1.8%. david: wow. melissa: almost 2% on the day. crude oil bouncing back. gold higher as well. david: while markets wait for tomorrow, here is everything you need to know right now. joining me with a big exclusive interview with treasury secretary jack lew our own liz claman. liz? liz: i had my glasses on checking very latest news. everything is changing moment by moment but a bit of a bombshell dropped this morn being when jack lew, the treasury secretary sent this letter to congress. in it he says we need to push up the calendar. he had said october 1

david? david: peter barnes, unbelievable stuff, good to see you, melissa? melissa: more deadly violence erupting in the west bank as hamas calls for another day of rage. palestinian writers at joseph's tomb a religious site. israeli troops aren't taking chances after confrontations, demonstrators and daily stabbings have killed dozens in the past few days. fox news joins us from jerusalem, what is the scene like now? >> reporter: in jerusalem it's fairly quiet as it has been over the past week because of the increased violence, and earlier today, we got a very, as you were talking about, a very upclose and personal view of the violence. take a look. this has been the site of clashes all week in the west bank city of bethlehem. you can see rioters on the other side, here comes the military police. this is definitely increasing the intensity again. there have been clashes, rioting throughout the week as the violence throughout jerusalem and other parts of israel has been escalating. and at one point during one of our live shots earlier this afternoon, israeli

david: how about energy movers? julie: some of the affiliated names -- familiar names that have been falling hard dropping again. transocean, southwestern, among the declines. broad-based selling among the energy stocks. , energyd, last week had the best week this year. the s&p energy index is down 1.5% today. for more context on what we have seen over the past month, take a look at my terminal. this is a three-month chart of oil prices in march versus the index. both reached their lows in august. the energy index the lowest in four years. since then, we have had a rebound. yes, there is news from opec and goldman, but we are on the back of what has been a substantial rebound in the past couple of weeks. david: thank you, julie. mark crumpton is at our news desk. the european union is telling russia to stop bombing modern groups opposed to syrian president bashar al-assad. the demand comes days after cruise missile attacks. foreign ministers of the eu's 20 nations say russia's actions are of deep concern and must en

david: thank you.s is an iconic company but facing scrutiny after the biggest partner cosco walked away this year. what was going on behind the scenes? revealed the details. we are here with the writer of the article, elizabeth, welcome. we have columbia university fabio still with this -- columbia university professor fabio still with us. elizabeth: when i learned is that when it comes to cosco and american express, it really was a divorce. as the writer in reporting the story, i tell you that i did feel like i was a child in the middle of two parents going through a divorce and that everything toward the end that opposite happened was of what cosco said, down to -- costco said, down to who broke up with you. david: it ended up personal. elizabeth: an unlikely marriage to begin with, american express , butostco are given brands using the marriage analogy, both with a great they were good years. opposites attract and it was a successful relationship. 1999 is when they started. it was a successful partn

i am david gura.illary clinton is on capitol hill today firmly defending her record before and during the fatal 2012 attack on the u.s. diplomatic compound in benghazi, libya. detractors have long question the former secretary of state about security arrangements at the facility from a line of inquiry that reemerged today. >> those requests and issues related to security were rightly handled by the security professionals in the department. i did not see no, i did not approve them. the u.s. needs diplomats to advance america's interests around the world come even in dangerous places. for more on that story, phil mattingly joins me now from washington. i mentioned earlier to our audience that there was a testy exchange that came earlier today as the first round of questioning was about to come to an end between the committee chairman trey gowdy of south carolina and the raking member, elijah cummings of maryland. what else,s about procedure. releasing the transcripts of the interview with sidney blument

david. david: high-stakes decision making on capitol hill. the house debating budget deal right now, and gop members voting earlier to nominate paul ryan of speaker of the house. they failed to give him immediate victory. peter barnes has details how the speaker and budget votes shaking out. peter? >> it was little bit of embarassment for paul ryan today he did not get nod as republicans nominee for speaker with 218 votes he needs to win the gavel tomorrow. in a closed-door meeting, ryan got 200 of his colleague's votes while florida congressman daniel webster, who was backed by conservatives in the freedom caucus got 43 votes. republican majority leader got one vote as well as tennessee's marcia blackburn. a top republican called votes for webster a protest vote and half coming from non-freedom caucus members from another source. officials predict ryan will get necessary 218 to become speaker tomorrow. in last hour ryan spoke like a winner. >> tomorrow, we are turning the page. we are not going to have a house that looked like it looked the

back over to you, david. david: thank you. at commodity movers as trade starts to settle. chilly weather in the northeast is heating up natural gas prices and turning to metals. futures led losses in london today. investors are trying to after glencore cut production in one of the company's rivals plans to expand its operation. joining me now, joe. the chairman of bloomberg lp is a nonexecutive director of glencore. to me about what glencore did. it is closing down and scaling back. everybodyl the news already knows, a $30 billion debt pile, slumping commodity prices. it was obvious to them that they need to start making cuts and one that they announced recently was scaling back on curtailing production of zinc. the market had a bit of a jump after the news was announced, mainly because a lot of people were not just expecting this to come along. >> for those of us who do not know what zinc is used for? >> about half of its use is galvanizing steel. is it a huge deal considering the amount of steel production. long as we see de

david: to wife very much. bob: -- david: thank you very much.tom syre will be here at 9:00 a.m. eastern time. what do you want to ask him -- mastec ceo is here and tom stier will be here at 9:00 a.m. eastern time. what do you want to ask him? tweet us. we have morgan stanley up on bloomberg ♪ look at that shot. no better place in the world, midland manhattan. looking at the view from bloomberg world headquarters. david: it was all cloudy yesterday. stephanie: today, blue skies. the markets most influential summit at bloomberg and around the world. i am excited. david: so am i. stephanie: let's send it to vonnie quinn with first stories. vonnie: thank you. russia is having a no-fly zone over syria and they resumed attacks over the islamic state. russia's deputy foreign minister says establishing a no-fly zone would violate serious sovereignty. meanwhile, russia sending troops to take part in bound operations in syria paring yesterday, a russian admiral said volunteers could end up fighting. congress forblames the lacking economic recoveries

david miliband: it was a lot of fun. molly ball: there was an e-mail released yesterday where she was you.zing e-mailing with sue blumenthal. she had just got the news of what happened in the labor election. she blames it on tony blair. "clearly more about tony then david or and." do you agree? molly ball: you cannot blame it on other people. you have to take it for yourself. what is very significant for visa.e with a you have your own issues you need to sort out. nationbuilding at home matters. we have been hearing about this criminal justice reform issue. certainly if you live in any other part of the world the most striking feature is domestic policy has to be allied with warm policy. we live with an interdependent world. in a village if your neighbor's house is on fire, your own houses on higher. i would be interested house foreign policy removes from something out there and nothing to do with us to being part of the discourse. it seems to me that the successful politics of the aligns national domestic internal prior

melissa: david?'ll switch topics stay with our person here, new england patriots quarterback tom brady slamming coca-cola. he came to the defense after health boo rue -- guru called it poison and took a hit at frosted flakes, saying it is not real food. frosted flakes, that is all i ate when i was a kid. what do you make of this. >> when you grew up they were called sugar frosted flakes. there was truth in advertising. here is what i find very strange about this. tom brady and his wife earn a major portion of their income, spokespeople for products, putting their names, putting their likeness. now adays, coca-cola, kellogg's they own some different things. i can't for the life of me figure out why he would make this stand. makes no sense to me. david: i don't want to come to the defense of the sugar products, warren buffett says he gets 25% of the his caloric intake every day from coca-cola. he figured out how much coke he drinks. that is a fourth of all he takes in. i mean, he is 83 years old. he ha

david?avid: a big question out of debate last night, who is better for economy republicans or democrats. we heard from the democrats. they have very big plans for your money. take a listen. >> do you believe undocumented immigrant should get in-state college tuition? >> anderson, we actually did this in my state of maryland. >> you see every other major country providing health care to all people. >> always republicans or their sympathizers who say, you can't have paid leave, you can't provide health care. i know we can afford it, because we'll make the wealthy pay for it! david: we counted 14 of big new plans. how will everybody pay to grow the economy and grow jobs? joining me director of financial regulations studies at cato institute, mark calabria. down hall editor, katie pavlich and democratic strategist, chris kofinis. mark, let me go with you first. didn't we start this with stimulus growing economy and didn't work out too well. >> in 2009 we tried it. '30s we tried it. didn't work o

i'm david gura. ferreri drives to its wall street debut in style and investors rush to get behind the wheel. jill biden says he will not run for president after months of speculation. -- joe biden says he will not run for president after months of speculation. let's head to the markets desk. valeant is the biggest story. julie: stocks being dragged down by health care. more&p now down a bit lagging.the nasdaq is health care has been in last place throughout the day. released itstron research attacking valeant pharmaceuticals. valeant has reopened for trading following the company's rebuttal of some of citron's claims. shares down 29%, they recovered a little bit. earlier today, they sold for 40%. a record one-day drop. just to recap what we've seen on coming upoen research with a report earlier today asking could this be the pharmaceutical enron? and filed a report on the 19th. whether wexamining are seeing valeant do channel stuffing, selling a product would affiliate -- to an affiliate, booking tha

david thought he was somebody that he wasn't, and david wanted to be somebody that he wasn't, but davidtill david, a big dreamer, thought he could pull off one of the greatest heists in the history of the country, but couldn't. >> the following morning, the fbi moves in and arrests the heist mastermind, steve chambers. they also arrest his wife, michelle, who has a surprise for the agents when they storm into her mansion. >> steve was already down on the ground being handcuffed by other agents, and michelle was still getting out of bed. at that time, michelle was naked, and that distraction actually caused kind of a danger for us, because right under her pillow, not steve's pillow, was a fully loaded .9-millimeter semiautomatic. >> also arrested, kelly campbell, the temptress of the plot, and more than 20 others, who helped chambers hide the money. >> the fbi did a very good job on this case. they prevented david ghantt from being killed. they were able to recover the vast majority of the money in a relatively short period of time. >> took us all week to actually go to the 20 boxes, ope

to prove that david is not christ.k. >> the future leader of the branch davidians is born vernon wayne howell. on august 17th, 1959. >> vernon howell, or david koresh, that's who we know, was a pretty typical texas redneck kid, maybe from a bit more troubled family. his biological father abandoned him when he was very young, and his mother remarried quickly in a marriage that didn't last long. and then remarried again. david was a poor student in school, and they put him in a program for children with learning disabilities. >> howell struggles to fit in and home and at school. he describes a lonely childhood. >> i always saw things differently from other people. no one understood me. reading and writing was like a foreign language to me. plain and simple. ♪ ♪ ♪ my family life was no fun either. at my birthday party, my mom beat me black and blue in front of everybody. ♪ ♪ ♪ >> so he grew up in a very unstable situation as a small child. but the one continual influence in his life was the seventh day adventist church. >

david: go yankees.e the shirts off air france executives, literally tore them off. rush shun airstrikes intensifying in syria. our panel weighs in next. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive? the health care law gives us we're cracking down on medicare fraud. powerful tools to fight it. to investigate it. prosecute it. and stop criminals. our senior medicare patrol volunteers are teaching seniors across the country to stop, spot and report fraud. you can help. guard your medicare card. don't give out your card number over the phone. call to report any suspected fraud. we're cracking down on medicare fraud. let's make medicare stronger for all of us. perfect driving record. >>perfect. no tickets. no accidents... >>that is until one of you clips a food truck, ruining your perfect record. >>yup... now, you would think your insurance company would cut you some slack, right? >>no. your

. ♪ david: welcome to "bloomberg ," i'm david. stephanie: and i'm stephanie.id you watch the debate last night? david: i did, did you? stephanie: i watched it, and you know who did not win, the network. when donald trump is in a debate, you get entertained. last night's debate -- i was looking at e-mails. david: i also read some of his tweets which are pretty entertaining. stephanie: leave it to donald trump to still the show. it is the person who wants to be the next president of the united states. david: today we would have cbs ceo les moonves on and bart chilton. stephanie: if you think that doesn't pack enough punch we are breaking news right now. manny pacquiao, and involves matt miller. matt: it is bank of america i will tell you but right now. they cannot with third-quarter aboutgs, total revenue of $4.5 billion. it is not clear if this compares with the survey we have. the adjusted gap number. .37$ looks like a strong number. that is the problem with these banks and dissolve the companies with seen so far. 500 companies have reported so far. they are m

david: thank you, david barse. that does it for bloomberg go.lineup. ♪ scarlet: it is 10:00 p.m. in hong kong. welcome to the "bloomberg market day." ♪ betty: good morning. here is what we are watching this hour. it is the largest sect deal in history. dell is going to buy emc for 67 billion dollars -- $67 billion. meanwhile, commodities are marching higher on speculation that china's stimulus efforts will boost demand. is the worst over for commodities? can the dysfunction and commodities get any worse? we speak with former senator joe lieberman and former governor jon huntsman who say there is hope that we can all get along. meanwhile, we are about half an hour from the trading session

david d: instagram. stephanie: david droga, thank you so much.next hour, governor jon huntsman and lou gerstner. ♪ david: china passes new normal. economic slowdown. can learn today from earlier success stories. and valeant under fire. the drugmaker defends. the company talks to investors in this hour. ♪ david: welcome to the second hour of "bloomberg ." stephanie: we will give you life legends lessons. there with us and also the chairman of the institute of m.i.t. and harvard. welcome. before we get into it, -- david: let's go to first word with vonnie quinn. vonnie: thank you. earthquake rocked afghanistan. 40 people were killed. of miles away in pakistan and india fell the tremors. a magnitude 7.5, the strongest quake to hit afghanistan since 1949. in argentina, there has never been a presidential election like this. it is headed to a runoff for the first time. about 35% of the vote. wins, investors in argentina are betting on the shift toward more market friendly policies. obamacare fighting another challenge to the law. lower courts have

david: i am david westin.tiators in atlanta have completed the largest free-trade deal in a generation. the u.s., japan, and 10 other nations have reached a trans partisan deal. a news conference is expected to be held within the hour. doctors without borders is pulling out of could induce, afghanistan after the capital was long to. hospital may have been struck by accident, people were killed in the attack. forces are fighting the taliban in the attack. doctors from ireland and china have won the nobel peace prize. -- nobel medicine prize. it is the first time china has ever had a nobel medicine laureate. david: good for china. there going to talk about deal, we had jeff mccracken here . we are going to talk about here first. this is the slowest rolling deal. >> right. what have they been doing for the last 2.5 weeks? they have been lining up about $70 billion, with about -- with banks like bank of america and santander. we are pretty certain that there are some discussions about abi and sab going back and fo

david: how do you choose communities? david r.: right now, it is merely invest.e been in san antonio. what we had been doing in charter schools in san antonio will impact the country. so many areas now, we go into houston. i partnered with hilton global. the university of houston. 25 kids that year. send them to visit our departments at our hotels. they get time at the university of houston and focus on hospitality, and we get them scholarships to college. we use those relationships we formed an hour real estate fund to make impact. stephanie: assuming the real estate fund will work. people love this a real estate only goes up. but you are based in san antonio -- team is in new york, but we partnered with usaa. we focus in san antonio. that partnership gives says a presence in so many kenyan these. they have offices around the country, feet and the ground. now we can say what is happening in atlanta. they have a great research team. we get a chance to know what is happening and make wise investments in those areas. david: do you choose because it is a good busine

i'm david gora.n to the tent situation syria where the russian military continues to construct -- continues to conduct airstrikes. the british premise or says it's not helping the fight against terrorism. mr. cameron: the tragedy is most of the russian airstrikes have that imparts of syria not l, but by othersi opponents of the regime. so they are backing the butcher, i thought, which is a terrible mistake for them and the world. it is going to make the region more unstable. david: joining us now is nicholas burns, the former u.s. ambassador to nato. what approach do you think the u.s. should be taking in light of what we have seen russia do in the last few days? burns: the u.s. has to decide how it's going to respond to this major russian strategic move over the last week. the russians have completely repositioned themselves in syria and built up their military apparatus. they have lighter aircraft and they are conducting major bombing campaigns against groups that are friendly to the united states,