. >> yeah, and that's the problem with economic data is you capture, i mean the economic data we have that's decent captures money spent so if you spend over a hundred billion dollars in a region, it's going to boost the economy in numbers but back to the broken window thing it doesn't help. if you don't want to spend money on a broken window to replace it or spend money on a healthcare, you want to go buy another tv or see a movie or do something fun, so that part we don't measure so it is not good for anybody. you are miserable but you're spending more money that you don't want to be spending anyway to fix all of the things that are ruined now in your life so you don't see it in the economic data but it is not a net positive. it's a net negative for the region for the whole country. we just don't measure how much satisfaction you get out of living is one of the weaknesses of economics but the long term effects of the insurance how much does it cost to live in this area going forward, are there regulation changes? building code changes so those are things that could actually have cos

a big week for economic data. we just got new u.s. manufacturing figures, auto sales rolling in. earlier came the august jobs data. jobs,ers adding 156,000 fewer than forecast, unemployment rising 4.4%. wage gains disappointing. earlier, bill gross spoke about the state of the labor market and inflation dynamics. >> year over year, core inflation is increasing only at one point or percent, down from 2.1% only six months ago. oni think the fed is focused wages and inflation to the extent that wages are reflected in that. this is a week report. vonnie: joining us now is diane swonk. she is in chicago. gary cohn was just on, any director of the national economic council, saying tax reform will push wages higher, will put pressure on those wages. is that a valid argument? >> certainly, if they do tax cuts instead of tax reform and revenue neutral tax reform, which is what we need to clean up the tax code, you could see a bump in wages. it depends on where they targeted tax cuts. that is all they can manage to get at this stage because reform is very difficult. requires trade-offs and

there will be a two to three month lag in economic activity , which should catch up from the economic dataobviously, you will have a drawdown and then some stimulus. economic losses don't get factored into the gdp data, but rebuilding does. in the quarters ahead is that , going to be a few tenths of gdp that gets spread out over a decent period. jonathan: how much of the demand is going to be absorbed by the u.s. economy? >> the auto sector is a good example. we have seen sales come down given all of the cars went out in harvey, and who knows what happens with irma, so we will see that in the auto production. there is obviously more demand -- certainly not good from the capital stock perspective, but from the gdp perspective, there is obviously more demand in the auto sector. jonathan: from a trading perspective when these numbers start coming through, they will have a reflationary element to them. is that something the market jumps on with established biases waiting for those numbers to come through? robert: we will have to see. trading numbers is incredibly difficult. people will be watc

there will be a two to three month lag in economic activity , which should catch up from the economic dataobviously, you will have a drawdown and then you are going to have some stimulus. economic losses get factored into the gdp data. ahead isarters of th , that going to be a few tenths of gdp that gets spread out over eriod?nt p jonathan: how much of the demand is going to be absorbed by the u.s. economy. eric: we have seen cars went out in harvey, and who knows what happens with irma, so we will see that in the auto production. there is obviously more demand in the auto sector. jonathan: from a trading perspective, when these numbers start coming through, they will have a reflationary element to them. is that something the market jumps on, waiting for those numbers to come through? robert: trading the numbers is incredibly difficult and we will be watching this. i don't know if there's a strategy necessarily of over reading or under reading, but we will have to see how it comes up. jonathan: we are going to wrap things up the way we usually do it by rapidfire round. a quick series of th

the unemployment rate is expected to hold at 4.3% there's plenty of other economic data today the augustsm manufacturing index, that's out at 10:00 a.m. along with consumer sentiment and july construction spending also today, don't miss a first on cnbc interview with president trump's top economic adviser, gary cohn. that's at 9:35 a.m. eastern time on "squawk on the street." that's a major highlight, not just for us on cnbc but for wall street in general. >> he will talk about the jobs number, the reaction from the administration to that jobs number you have to imagine a lot of questions asked about the machinations, what's going on in washington, and mnuchin's interview with steve liesman about tax reform something we will watch. >>> in corporate news, lululemon posting better than expected results. landon dowdy has more. athleisure is not dead, is it? >> this is pushing back on the death of athleisure. shares of lululemon moving higher after second quarter results driven by same-store sales. the apparelmaker posting earnings of 39 cents a share compared to 36 cents the street was fore

she is not going to do it unless economic data allow her to.any are divided on whether or not, is it inflation? is it wages or financial conditions? many have criticized her for having waited too long to begin the rate hikes to normalize. nonetheless, the market will look at earnings and that is the field for the markets to march higher despite the selloff. we have needed a selloff. the biggest question becomes when do the buyers come in on the dip? we saw with the last north korean episode, the buyers started to come in and begin buying. what we are going to look for is a day will come in and buy it we will see the volume of the upside. volume has been very weak because of the summer months. we want to look if we see buying on the dip in velocity? do we believe in this market? us far, we have seen the upward trajectory and have not always seen the volume. with the outlook and looking at north korea and the legislative calendar, where do you allocate assets? : you have a mario draghi speaking to this week. we will see if he is more dovish . the

from the u.s., you've had great economic data from europe. i've got to believe that they're going to be very positive on how they push it assad getting a third term, which is very impressive right now all that matters is not the 6%, all that matters is meeting what the expectations are and exceeding them. >> the point is, getting to negatives going into earnings that are expected to be pretty good and figuring if we get any kind of, whether it's tax reform or a lower level of tax cuts, all of that's positive rebecca? >> sorry, you know, we stay constructive on the market one thing that i would keep an eye out for during this season, more on the commentary than the data, is what's going on with wages and are companies able to pass through any wage increases they need to make to the final price or are they going to have to eat it in the margins i saw just this week, i think it was target that announced they're going to be raising their minimum wage we have seen more wage presser in some areas of the narcotmarket if wages do finally go up, which

an explosion there >> economic data, retail sales, industrial production in the u.s. it tt's for "worldwide exchange." have a great weekend "squawk box" is next it lets you know where your data lives, down to the very server. it keeps your insights from prying eyes, so they're used by no one else but you. it is... the cloud. the ibm cloud. the cloud that's built for your business. designed for your data. secure to the core. the ibm cloud is the cloud for enterprise. yours. the ibm cloud is the cloud for enterprise. hey you've gotta see this. cno.n. alright, see you down there. mmm, fine. okay, what do we got? okay, watch this. do the thing we talked about. what do we say? it's going to be great. watch. remember what we were just saying? go irish! see that? yes! i'm gonna just go back to doing what i was doing. find your awesome with the xfinity x1 voice remote. >>> breaking news, north korea firing at ballistic missile over japanese airspace a live report coming up. >>> a developing story out of london a fiery terrorist incident injuries commuters on board a tube train

rishaad: would the election -- the recent economic data, would you say that japan is coming out of theds? some sense, japan has already come out of the woods. economic growth rate since 2013, one abenomics started, the average growth rate is about includinge 1.3% projections for 2017 and 2018. this can be compared with 0.9% before abenomics had the higher growth rate. aginge a very huge, rapid population problem. watching the population, we are already growing at a pace of more than 2%, which is remarkable. people tend to undervalue what that has done to theeconomy, but in my view, economy has done remarkably well for the last several years. rishaad: thank you for joining us, have a great weekend. joining us from tokyo. the propertiesy, affecting hotel shares in the premarket. this is bloomberg. ♪ rishaad: the chinese people's bank setting a stronger than expected six -- fixing for the yuan for the fifth day in a row. have at thewe moment just coming through. we ought also counting down to the start of the trading day. a few stocks to work at for the premarket. we are watching some of

we start with breaking economic data. here's abigail doolittle. orders, thetory survey for the month of july is calling for a decline of 3.8% and that is where the number came in at. a decline of 3.3% relative to the month of june. up 3%. bloomberg intelligence strategists are saying factory orders are stabilizing despite the decline for the month of july. the second piece of economic data that is breaking now, durable goods, the final reading for the month of july, the survey was calling for a decline of 2.9%. the number came in at a decline of 6.8%, where the initial reading for july came in. it looks like economists have been looking for improvement but the decline for the month of july state in place, down 6.8%, durable goods for the month of july. not much of an influence on major averages. small the clouds for the now, s&p 500 and nasdaq. we are looking at declined. the s&p 500 is on pace for its first down day in seven as there are increased tensions between north korea in particular. the last times we saw as tensions with north korea in th

positive us economic data at easing tensions in north korea currently having a positive reaction on thepoints. you have the all ordinaries index gaining 52 points. the numbers right 110w gaining 52 points. the numbers right now from the hong kong hang seng, but not for the market will open in 50 minutes. wall street is positive. boosting expectations. it will hold off on increasing interest rates. thank you very much for your time. rico hizon. sport today is next. you will have to wait a little longerfor the sport. the top stories this hour — weeks after the worst flooding in several decades, around a third of bangladesh is still underwater and millions of people have been displaced. the us government has estimated that 100,000 homes have been damaged by hurricane harvey, and rescue operations are still going on. theresa may has said she's "not a quitter" and repeated her pledge to lead the conservatives in the next general election. speaking injapan, mrs may said the public wanted her to get on with thejob. she's supported by some senior conservatives, but others have questioned whethe

the part that will be more troubling is it will have impact on a lot of the ink -- economic data. is probably the last of the clean data we will have for many months as we go through the recovery process and people go in and out of unemployment as they rebuild their houses and lives. we will have data that may be will not make as much sense for the next five months. normalizing data for hurricanes will beral disasters more difficult for us to get a bigger picture of what is going on in the economy. alix: gary cohn, thank you for joining us, pointing to the infrastructure happening behind him on the white house lawn. we are 25 minutes into the session. let's get a check on the markets. we are having a little bit of an upside on this first day of september. by three points on the s&p, leading sectors, consumer discretionary, financials, industrials, materials leading the way. i have to expect we are seeing some light volume. there is that rally going on in europe. in other asset classes, it is a war between the negative jobs and what is happening at the ecb. now some treasuries on o

the nasdaq fell fractionally, investors get a ton of economic data with home prices, home sales, consumeronfidence, durable goods and gdp. the dow fell nine. the nasdaq closed up four to 6426. disney is threatening to pull programming if the fourth major provider, optimum. they face a deadline by the end of the month to reach a new deal. optimum says disney asked for hundreds of millions of dollars to keep carrying the channels, including espn and abc. as they suffer, they will go dark without the deal. the customers are primarily new york, connecticut and pennsylvania. >>> hurricane maria halted crucial drug manufacturing in mexico. eli lilly is assessing damage. there are nearly 50 pharmaceutical plants along the island. many employees are unavailable. pharmaceuticals count for 72% of puerto rico's exports. back to you. >> thanks so much, landon. >>> developing news out of washington this morning. president trump's son-in-law, jared kushner used a private e-mail account. this comes after the president's repeated criticism of hillary clinton's use of a private e-mail server. kushner is a

heavy morning for economic data.e'll hear from philly fed president, patrick harker. >>> new this morning, uber says its ceo will head to london to meet with the city's transportation commissioner. the two will discuss london's decision to strip uber of its operating license. news of the meeting comes less than 24 hours after theresa may called london's decision disproportionate the power of transport for london sits with the london mayor. that's one of the few powers the london mayor has >> we never talked about this decision what do you think? >> i think it's short-sighted to close business for such a major employer >> i think that's the obvious criticism. 3.5 million customers, 45,000 delivers affected by this the key thing to know is that they have not revoked the license just decided not to renew it clearly the operating -- they can operate in the meantime. there are rules in place, and transports for london say they are not complying with those rules. what rules are they not kol plyiply i complying with >> i do

so we are expecting this to have a continued impact on the economic data and florida also is home toome major hubs >> that's true, when we look at mick indicators for the labor market we're better off looking at local indicators rather than the national indicators when we look at the impact of a situation like harvey. >> how will this compare to a storm like ka treen trina in te impact >> labor markets unlike other markets fors good and services are highly localized workers tend to live closely to where employers are situated when you have a big daisaster like this, it will impact both sides of the market, both the number of jobs available and the labor availability katrina was an interesting situation because so many people were displaced there was a labor shortage that resulted in some areas wages being driven up. when we look at these indicators, we need to look at multiple data points in order to get a feel for the situation now, it seems that in houston fewer people are displaced so in new orleans, they lost about half the population a year later, it seems like around 100,000 ho

are getting more comfortable with the soft indicators having leading the harder indicators in economic data, and then i think on top of that you have the extra added benefit where it looks like something could possibly get done in washington and the combination of those two factors are starting to lead to some of the underperformers are starting to outperform on mike and we like the outperformers like the cyclicals and industrial sectors. >> when will will we know that the value resurgence is for real there's a pretty good story to tell and aaron said it's still early. when can you become a true believer that these are the stocks you want to buy >> that's a good question and hard question, right, because i thought that value actually represented value all year long, to be honest with you, but i think the economic data points, them getting better and being consistently better, getting some tax, like both of these guys just talked about that will be very positive. >> do you need that? do you need tax refirm or tax cuts or tax anything >> i think it will help. i don't think -- it's the -- i do

look for economic data on factory orders. the dow rose to 29, 87. nasdaq up six to 6435. drivers may soon see some relief at the gas pump. prices would spike in the aftermath of hurricane harvey are coming back down on expectations that texas can get back on its feet. some refineries have restarted operations. the colonial pipeline, the largest fuel system, has also restarted lines that deliver gas to the east coast. also gas prices are down about 4% today. and jaguar believes the future of cars will be in the steering wheel. they will unveil a standalone wheel on thursday you can carry around and plug into your car's steering column. it wants it to be a trusted companion in your home and imagines you talking to it to help you perform hundreds of tasks. back over to you. >> you carry your steering wheel around? maybe i'm not awake enough, landon. >>> congress returning from a five-week summer recess. lawmakers have a big work load. among the key tasks funding the government and raising the debt ceiling by the end of the month. they will likely be passing an aid package to

today look for economic data on durable goods orders and also pending home sales. >>> 5:25.ief on the way. an effort to help hurricane maria victims stuck in puerto rico leaves from philadelphia this morning. ♪ >>> music is in the air. we're taking you behind the scenes of a philadelphia music] that's hoping to launch the careers of young students. >>> help for hurricane victims. a plane full of supplies will leave philadelphia in just a few hours. the relief effort for storm-ravaged puerto rico. >>> banished. parents plead for answers in the desperate search for a missing south jersey man. >>> paycheck promise. have you heard this -- the sideline pledge from an eagles quarterback to a sideline kicker seconds before a game-winning field goal. >>> 5:30. we'll talk about that. good morning, welcome to "nbc10 news today." i'm tracy davidson. >> i'm via sikahema. let's talk about the weather and check in with meteorologist krystal klei and the most accurate weather forecast. >> good morning. we're going to start by talking about the rip current risk in place. we are looking at t

economy grew by three point nine percent driven by mining and energy north korea doesn't publish economic data china accounted for nearly ninety three percent of all north korean trade russia a distant second with just over one percent earlier this year china said it will stop buying north korean coal but it's not clear how effective the ban is the un says that we can force mint allows north korea to earn billions in foreign currency by selling drugs weapons banned minerals and counterfeit goods with the help of front companies and foreign nationals and pyongyang may be able to withstand some additional pressure because of the limited market reforms allowed by kim jong il and they've opened the door to private business the vast majority technically illegal but tacitly accepted some economists say wages and the standard of living of many citizens have improved. joining us now from seoul bureau kim a professor of economics at seoul national university recently published a book on north korea's economy called unveiling the north korean economy professor good to have you with us current sanctions

day where we had another terrible terrorist attack in london >> yeah. >> and some kind of weak economic data storm related. >> it's very much in character for this market which is essentially in a very methodical low drama way grinding its way higher those things you just mentioned when you said another, right when it's another, it's not news to the market. the market can kind of absorb that and say this did knock us off course last time unless it gets escalated in terms of the economic data, everyone is prepared for the third quarter numbers to be very noisy, basically a lot of fits and starts and essentially, too, the mark has been sitting still for a few days a slight upward bias we talked about how it's defying the calls, september is always negative after september expiration, bill, you were talking about, it tends to be negative the follow ing week >> when you consider, let me go on the north korea, your line that things haven't escalated. i think they have and it's almost like the frog, the proverbial frog in the warm water as it slowly heats up. when you think about it, they've upped

now despite this latest economic data us stocks are now r rally mode. traders on wall street also seem to be ignoring the latest missile from launch from north kore. and other mean london or attacks in france. the dow appears to be on track for another record high finish of the week and nasdaq is also pulled higher by technology shas. s. and p. also trading in the green as you can see but here in europe the. markets closed in the red with london's fifty one hundred these in more than one percent. on the storm i and that's on a strong account. now stunning rose off of the month of england suggested it would stop raising interest rates seen. the pound rose one point three percent this friday against the dollar hitting its highest level since the brexit both in june of last year. renault nissan has unveiled an ambitious make time strategy the car maker says it will launch twelve only electric cars and the next six years. and introduced driverless technology into dozens more. french japanese alliance which not will saying please mitsubishi. is hoping to dou

how slow how much the economy has slowed again here are some of the figures on that a raft of economic data says the note band decision has signalled that the two trillion dollars economy was hurt by the cash clampdown raising fears that the economic growth would stall growth in the quarter ended march twenty seventeen slowed to six point one percent from a year earlier and expanded seven percent in the previous quarter again though corner of jimmy quarter quarter so again however this is actually less crazy this is well for you this quarter voters are crazy voters seem to see voters are but i keep mine see when all is said it's manufacturing consent if you put voters in the front of a t.v. gun with nothing but garbage they're going to do stupid things that's why this is the shows a corrective it corrects all the psychosis of the psychotic pyramid schemes are going to go to a break watch it learn something come back and then only learn it ok. what politicians to do something to. be put themselves on the line to get accepted or rejected. so when you want to be president i'm sure. most somewh

another part economic data out of germany.ling back from the record high earlier in the year. treasury yields unchanged on the day. riggshead over to taylor for headlines around the business world. trump isresident continuing his war of words with the nfl and players. this morning, he tweeted the issue has nothing to do with race. it is about respect for our country's flag and anthem. yesterday, about 200 players sat or kneeled with some standing with locked arms to display unity. says heshner's lawyer a private email and fewer than 100 emails went through his private account. minister saidrime he will call for elections next month. tensions with north korea have boosted his approval rating after a series of scandals and may let minister him maintain te majority in the lower house of parliament. resume inotiations brexit today after theresa may accepted for the first time bridging would pay his dues contributing to the european union budget through 2020 and honoring its commitments more broadly. .lobal news 24 hours a day i am

its results are highly correlated to the economic data, so plenty to wade through. t. sophie, thank you so much. continuing to digest that data. better news for the bank of japan as inflation edged higher. retaild mention however sales are plunging, unemployment remaining steady, let us get more analysis from global economic and policy editor kathleen hays. what do all of these numbers mean? they seem pretty mixed here. kathleen: some of the most important numbers seem pretty strong. the retail sales are a question, but if you look at the fact that japan inflation is moving higher, it is eight months in a row that it has done this, at the most in two years. look at #btv 7942, and you can see the headline cpi, the core, the boj's may number, up to 0.7. it is a long way from 2%. a long way for -0.4. 0.2%. do not look at retail sales. health of spending was up 6% in august and fell 0.2 percent in july. a broader number in retail sales. the monthdown 1.7% on in august. year-over-year, up 1.7%. less than july, 1.9% year-over-year. let us take a look at what our fantastic

called "the red book," put out after it is it is a guy who has had to see the language between economic datakage -- linkage between economic am politics across many periods/. calm it that levity, you are removing a key figure within the global central banking system as marty and mike were saying. a great but when the fed and other central banks, a great link, wasn't he? tom: a great interlink. how are you? >> he is and was a great link. do not forget former undersecretary for international affairs is there at some one of thought she would of moved on and she is still there. to what tom said, is it -- what is the surprise is it is happening this early. vice chairs typically do not get reelected. some headlines we are getting. dumped from sales to sort through the problems of the country in a rational way and no second thoughts on the action of dr. -- of daca. he said the u.s. has great assets and watch to discuss with this new hurricane irma coming and asks about above pelosi-schumer proposal and said some headlines from congressional leaders from both parties. this as he has another big deci

sixty or seventy dollars a barrel so it's really sort of treading water but there's some other economic data that goes into that and it makes it so well over the course of this agreements that these the agreement and then the extension in the past we've seen some cheating in these efforts has the opec monitoring committee seen full compliance compliance with these cups because it seems to be going up saudi was doing well then it drops in and the cuts seem to be kind of unpredictable well that's right and that's been a problem in the past with circumventing the production caps and saying that countries were going to do x. but doing you know why is the but what they said today that the monitoring committee at sub committee of opec they said that yes everybody is not just meeting the production of agreement but exceeding them so they're pretty happy with with those cuts and feel like there's no cheating this time around and see what seems like saudi arabia has been taken ahead and leading this effort. it's really cut back on production more than other as we've talked about this before why is it

turning to economic data, and the consumer price index is due out.of 0.3% in august. that's compared to a 0.1% rise injuly. this follows wednesday's inflation report, which showed us producer prices increased less than expected. that is the lovely michelle based in new york talking us through the day on wall street. joining us is kathleen brooks, research director at city index. good morning. is it fair to assume your eyes on the bank of england to a degree today? 100%, yes. your eyes on the bank of england to a degree today? 10096, yes. this is probably one of the most interesting non—super thursday meetings we have had actually, because as you said we have at the high inflation, the wea ker have at the high inflation, the weaker wage growth, so it is that conundrum that the bank of england really have to deal with today. because policy would suggest that when you have inflation going up, you would raise rates to take that, but then there are so many other things to content with and they are so things to content with and they are so scared of knocki

some key events including the unveiling of donald trump's tax reforms and the release of japanese economic datay markets the dollar is hovering near one—month highs on growing expectations of a us interest rate increase in december. and the yield on two—year treasury notes which rises with traders expectations of higher rates, touched levels not seen since october 2008. meanwhile here in europe, shares are also on the rise. and samira has the details about what's ahead on wall street today. now that the republican senate's efforts to overhaul the us healthcare system seems to have failed for this year, the attention of washington and wall street turns to the next priority — tax. the republicans want to use their control of both the white house and congress to rewrite the us‘s notoriously complex tax code. amongst other things they plan to lower is the corporate tax rate. wall street certainly likes the sound of that. president trump will make a big speech outlining the republican plan on wednesday evening. and it won't be long on detail, but should bring the subject to the top of the agenda. al

when wall street re—opens, no doubt refreshed after the holiday weekend, it will have some economic datat of commerce releases factory goods orders forjuly. now, the report reflects demands for goods from fridges to cars and even clothing, giving investors a snapshot of the health of the manufacturing sector. many are predicting a drop injuly after climbing 3% in june. 0n the corporate front hewlett packard enterprise is expected to report its third quarter results. revenue at the tech giant could be lower, a drop in sales of servers, networking and also at its data storage equipment business are to blame. the company is led by meg whitman who was one of the final three executives in the running to become ceo of uber. it is all happening. michelle fleury is based in new york, of course. jeremy stretch is head of currency strategy at cibc world markets. good morning, nice to see you. we had labour day in the states, we have had no steerfrom had labour day in the states, we have had no steer from wall street and markets are treading water a bit at the moment? indeed, they are oscillating a

in general because we tax them lots of ash in other european countries you agree i don't in the economic data are better than other european countries and maybe it's because we have some issues in our tax system and so you don't want to tax the rich i do want to tax the rich but i don't want to tax the more than we do right now and we do have a thirty two billion surplus in the german budget right now is to should maybe start by talking about what to do with these thirty million and that would be an issue in negotiations because there are three things you can do with a surplus you could give it back by lowering the taxes you could pay back the debt which we have already been doing in several german states or we should talk about investments which isn't which is an issue but then the issue is or the question would be whether the shares of the surplus that we spent on which on which topic and that would be something to talk about another point of contention migration you think you could come together that well it depends it depends on what we're talking about if we talk about the fact that ther

a load of economic data. ttention to the consumer spending data. reporter: that really says a lot about our consumers putting the money out there in the economy. that puts focus on auto sales. the household a number will be very much in focus, on whether the car sales have rebounded. household spending is seen as steady, but the gains are seen as much less than expected for august. big-ticket items are expected to track well come although the capital goods number is expected to come in a little better in the household number, which is a key piece of data. earnings ahead, nike, blackberry , all very much important stocks , particularly nike, what has been under pressure. yvonne: just taking a look at commodities, we have seen just this morning iron ore's coming to a bear market come about it comes to the oil markets, we are wider.it trending how sticky is that $50 of all right now? reporter: traders were tell you $50 is a psychological barrier. they didn't get much help from the big opec meeting in vienna. u.s.

they bunch of economic data. his claim -- a bunch of economic era. it is comprehensive, medical tests that have not been devised. he says that of the first thousand people who have taken the test, 40% have discovered some kind of serious illness that they kendrys. investors have been convinced in a short four years. i've hundred and -- $500 million. valued at $2 billion. while investors are convinced, scientists, not so much. they say that according to a july's -- hli's own studies it is more like 8%. carol: it seems like the medical holy grail. there are critics of what he is doing. tell us about that. >> some doctors say that this kind of comprehensive test is not helpful in the way that he says it is helpful. some of the differences between what hli's scientists quoted and the venture sites, that is preventative medicine. the catch is -- he catches conditions for prediabetes, that is something that can be treated. julia: he could have found it out without $25,000 -- $2500. >> if you can spot a tumor, that is invaluable. but the mountain of data is

vonnie: a lot coming up this week in terms of economic data.il slipping after spending some time about $50 a barrel last week. more on that coming up next. this is bloomberg. ♪ ♪ mark: live from london, i am mark artan. vonnie: in new york, i am vonnie quinn. time for futures in focus. traders are already eyeing the fed's potential rate decision this week. oil is drifting below $50 a barrel as refineries restart after harvey. joining us is tim. obviously, traders are waiting for that statement on wednesday and everything that comes with it. >> there is not any meaningful economic reports coming out today. it is going to be fairly quiet, and i imagine the lead up is going to be fairly quiet. ultimately, depending on the language being spoken at that meeting, it could have a decent impact on the market. the probability that we are going to see a december rate hike has declined over the -- ages -- a september rate hike has declined over the past week. there has been indications of some confidence going into the september meeting that there could b

puerto rico which was one nine hundred ninety eight and hurricane george and when you look at the economic data then they had a very severe contraction in the short term of the economy and then they had this massive boost following which would be obvious as people rebuild and they go out and they buy new furniture and appliances and lot of people get hired to rebuild homes and businesses and stuff so i think basically that's what will happen here and that cash injection to rebuild has got to come from somewhere governor ricardo a low has requested that the government adjusts the cosh air for federal public assistance from seventy five to one hundred percent this is debris removal and emergency calls like repairs to power lines how likely is the government to do something like this we've even got a shipping container sitting at ports as you mentioned earlier when we spoke earlier in the day because there's not enough gas to deliver the contents of these trucks right so earlier just about two hours ago president trump issued an order that waives to twenty five percent co-pay for puerto rico and t

economic data at 8:30 a.m. eastern time, including core pce and second quarter gdp. the kansas city fed president at 9:45 this morning. will speake chairman 15 minutes later at a conference in london. at 1:00 this afternoon, the u.s. treasury will sell off $28 billion in 10 year notes. emma: president donald trump kicked up his campaign to cut tax rates for corporations and individuals, casting the proposal as an economic jolt for hiring across the country. the corporate tax rate at 20%. framework, we will dramatically cut the business tax rates of that american companies and american workers can beat our foreign competitors and start winning again. >> businesses would be allowed to immediately break up their capital spending for five years. european union's chief brexit negotiator says the pie minister speech in florence is causing a new dynamic in our negotiations and we have held it this week. japan's pie minister -- prime before it is year required by law. elections will be held october 22. global news 24 hours a day, powered by more than 2600 journalists and ana

it is a big week for economic data as well, the focus is on service pmi, manufacturing of course lastrise at a faster pace in four months in august. the era still -- lira still short of the market retains its brexit by. this is the pound euro on a monthly basis, and as you can see over the last four months, sterling have been kind against the euro last week. weakest against the euro since 2009. ahead of the services pmi here in the u k tomorrow, we thought we would look at construction pmi. construction of the weakest pace in a year in august, the industry was hit by reduced business investments, uncertainty, new business volumes fell for the second straight month, reporting to market highlighting a lack of fresh orders to replace completed projects. greaters also exercised caution in their approach to hiring staff numbers, their slowest pace since july of last year. meanwhile, cost pressures, the impact of the falling pound on material prices was counteracted by successful negotiations with suppliers amid weaker market conditions. construction not as important to services. services o