so how do you think that equity applicants can operate under and be thriving equity applicants under federal and state regulations. federal regulations, would be the control substance. california does have the law that says to the charter would be the strongest law going against what could be considered the supremacy cause of the united states constitution. however, i do have a certificate from arizona state with the great seal of arizona, with the mandate i can go over such. with the equity applicant on the business side, getting rid of the fees, the costs, and the rules of article xvi would be the best reason to do so. most of the up front cost and even with agriculture, going through the applications, i never received california assistance, such as e.b.t., however, applicants are denied for such. since cannabis is deemed agriculture, equity applicants without any rules, if we speak solely about equity applicants, starting their own cannabis business, or agriculture production or farming with a new lens to agriculture, and leading to article xvi, i believe businesses would thrive s

bridges for our equity capplicants. we have been working with larger cannabis organizations to figure out how to do mentorships, potential grant programs and accelerator pra programs so we can see more equity products on the shelves. there is so much more than that, but i could be here forever. we also ran a six week program to give a high level overview of how to navigate the current legislation, the current regulation and we took that education and we did some units in the mission, and then we participated in educational opportunities in the fillmore. we go to these large consequences that are expensive and they don't make a lot of room for equity operators, so we try to take that level of operation and bring it into the community for free and do sponsorships of businesses that want to support equity. i qualify as an equity applicant and i would like to get back to just selling weed because i don't know how you deal with politics all the time. i just want to do yoga, smoke weed, and help people heal. i do feel that i

yes, i love the equity program, the original equity group that has brought that legislature forward, this culture forward. i think it's important to have a separate pathway for veterans, and that doesn't disrupt the initial intention of the equity program. in the military, we have this culture of no one left behind. that's what i'm here to do, to ensure that the veterans aren't left behind also. >> and how do you think on the state level, with all these state regulations, that we can have our veterans have access to medicine? >> that's a great question. with s.b.-34, we hope that they will find that any day now and we're working with the state treasurer to eliminate the state medical i.d. card requirement for veterans, something that hasn't been mentioned. once you register for that state card, you forfeit your gun ownership rights. for veterans, that's an irrational choice. >> okay, thank you very much. >> do you have any questions supervisor mar? >> how important is it that diversity be on this committee? >> absolutely. the majority of the veterans i serve are veterans of color, lo

private equity firms. around $2 billion as of last week. one deal sold on friday, so we are probably closer to $1.5 billion. this compares to a market that is $1.2 trillion in size. it is not a huge issue, but it is worth paying attention to. in prior episodes, loans like these got hung when there was volatility among the cross risk assets. we have not seen that in equities, junk bonds. they are all doing well this year. speaks to how some investors particularly in the loan market, where you have managers facing outflows from mutual funds, seal those with limited appetite for risky deals, are unwilling to be in some of the riskier transactions. lisa: thank you to our reporters. that perfectly brings us to our next guest, michael herzig, thl head of business development. have focused for more than a decade on the collateralized loan obligations market, people have raised concerns about it recently. is legitimatehere trouble brewing in this market? michael: as you say, the market has been around for 25 years

carol: private equity, of course. cover story in a series of stories looking at the growing influence of private equity. it touches so much of our lives. we touch about influence in washington and women in the industry, so many facets. jason: i have been looking at the industry for a long time and i learned a lot working on this taking advantage of the smart people we have. carol: your must-read? jason: wework. it is such a 2019 story in so many ways. we started thinking this would be the ipo. we scratch the surface of little bit and whoa, as you would say. carol: it will keep on giving. jason: more bloomberg television starts now. ♪ scarlet: i'm scarlet fu. this is "etf iq," where we focus on the access, risks, and rewards offered by exchange traded funds. ♪ scarlet: escalating the price war. charles schwab shoots down the fee-based business model that it helped to build. it has moved to zero commissions on equity and etf trading. seeking return and stability. kelly ye makes the case for an actively managed high-yiel

carol: private equity, of course. cover story in a series of stories looking at the growing influence of private equity. it touches so much of our lives. we touch about influence in washington and women in the industry, so many facets. jason: i have been looking at the industry for a long time and i learned a lot working on this taking advantage of the smart people we have. carol: your must-read? jason: wework. it is such a 2019 story in so many ways. we started thinking this would be the ipo. we scratch the surface of little bit and whoa, as you would say. carol: it will keep on giving. jason: more bloomberg television starts now. ♪

equities.think tactically, dynamically, it's a good place to be, even if a bit scary given everything in politics. nejra: we had a pound surge yesterday, but not necessarily that's going to last in the ftse. joseph little staying with us. great to have you on the show. coming up, we speak with stefon diggs now after the pound european stock exchange unveiled its new strategic plan. don't miss that interview after the break. matt: and is the from the couldn't be prouders to the wait did we just win-ners. everyone uses their phone differently. that's why xfinity mobile let's you design your own data. now you can share it between lines. mix with unlimited, and switch it up at anytime so you only pay for what you need. it's a different kind of wireless network designed to save you money. save up to $400 a year on your wireless bill. plus get $250 back when you buy an eligible phone. call, click, or visit a store today. nejra: this is daybreak europe. i'm nejra cehic in london. matt: i'm matt miller

push equity candidates forward. i have had the good fortune of doing trainings at the san francisco success center over on the western addition. and what we're finding is there's a real lack of both enforcement teeth against the operators that are going to be the lveimp that stops the little guys and giving the real support necessary to the equity candidates to move forward. we hope with the funds coming down from the state eventually, and being able to be distributed to equity candidates, that will be helpful. we know education is a key. we know all of the issues related to both giving people an opportunity in the industry, but also making sure that we have safety and medical standards intact, is that they are -- they're all being overrun by this rush to just make money. and no matter how much we do, at the city level to try to enforce a way the bad operators and give people a leg up, we also need to see that there is some enforcement against these equity incubators, who are creating a not-very-level playing field

and in total, these are designated as equity zones. with this myalgic encephalomyelitis snoosh /* dsh -- with this imaginary line, we're able to compare the services there compared to the city as a whole. that's our methodology. it hasn't changed. although it has evolved. and this is a set of metrics. it's impossible to read on the screen. so i did -- >> president buell: we have it on our screen. >> does anybody want a -- okay, you have it. and this set of metrics is a tool for measuring ourselves, for measuring how we've allocated our resources in the past year. in the past, i've read every number, but i think that we're getting used to seeing this. i did want to start with just park access, with the growing population, our acquisitions, just about you know try to keep up. and those numbers are probably stagnate for a good long time. but with every other metric, every other metric has moved to the good. each one has improved in the four years that we've been doing this. which is partly the effect of measuring, because when you measure

carol: private equity, of course.reat cover story in a series of stories looking at the growing influence of private equity. it touches so much of our lives. we touch about influence in washington and women in the industry, so many facets. jason: i have been looking at the industry for a long time and i learned a lot working on this taking advantage of the smart people we have. carol: your must-read? jason: wework. it is such a 2019 story in so many ways. we started thinking this would be the ipo. we scratch the surface of little bit and whoa, as you would say. carol: it will keep on giving. jason: more bloomberg television starts now. ♪ from the couldn't be prouders to t wait did we just win-ners. everyone uses their phone differently. that's why xfinity mobile let's you design your own data. now you can share it between lines. mix with unlimited, and switch it up at anytime so you only pay for what you need. it's a different kind of wireless network designed to save you money. save up to $400 a year on your wireless

equities, they are down.k but it does not change oversupply or the issues with global growth slowing, which are much more powerful over the medium-term. alix: when it comes to earnings, because if you will look at big oil earnings or any oil earnings, comparatively, they will probably look good from last year, particularly if you get into 2020. do you feel there will be a market reaction or will it be ignored? stuart: i do not think it will be ignored by people investing directly. as i said, it is 5% of the portfolio. that is also an area of the market that is hugely underweight and hugely shorted. to the extent you had a positive earnings surprise that put pressure on the short, it could be locally painful or locally important. you saw that when the saudi started happening. you had a huge event over the course of a couple days. once that played through, people reengaged shorts or stepped away. if you were to have a positive earnings surprise, i think it could be locally important, but its affect on the overa

as a verified equity applicant, i feel like i can give a lot back to the equity. as a minority-owned business as well, of course. it's not easy to raise money and a minority with an arrest record. and i'd like to give people some of my experience and share that with them. >> supervisor fewer: thank you. >> supervisor ronen: supervisor walton. >> supervisor walton: my question is for mr. pearson. i'm sorry i didn't ask you. i'm going to ask every candidate this question. how do you think diversity is for this oversight committee? >> i think it's the most important part. yeah. i think that what the legislation that supervisor fewer put forth, in an ideal world, it would have gone through last year. as a city, we lost a little bit of our head start. seeing like so many l.a. products populate our stores to a local producer, known as an artisan, it really hurts. because we have so many good producers in town. i also think that to our point of the disranged neighborhoods, we drove mostly brokers out of town there. these kids were brokers that were taking it from the gro

-- private equity promises that.ason: some institutions have been happy from a return perspective. it's grown so massive, but that scale and that size, there are a lot of consequences, some intended, some not. joel: for the average consumer, you don't know the different ways private equity can touch her life. from the cups of coffee you drink, to your pets, to even light, if you have a pension, the whole point of the pension, you've got to get the returns. private equity is one of the places people turn to. jason: one of the things we talked a lot about is their influence around the world, the individuals who run this firm, they are in the midst of the most important conversation of our time. joel: donald trump talking to steve schwarzman about china. something else we notice, private equity industry dominated by men. carol: exactly. i love the coverage because i do feel we need more transparency. joel: it's what we set out to do. carol: it's a great cover story. joel weber, thank you so much. more on equity later on

carol: private equity, of course.reat cover story in a series of stories looking at the growing influence of private equity. it touches so much of our lives. we touch about influence in washington and women in the industry, so many facets. jason: i have been looking at the industry for a long time and i learned a lot working on this taking advantage of the smart people we have. carol: your must-read? jason: wework. it is such a 2019 story in so many ways. we started thinking this would be the ipo. we scratch the surface of little bit and whoa, as you would say. carol: it will keep on giving. jason: more bloomberg television starts now. ♪ sometimes your small screen is your big screen. and with the xfinity stream app, which is free with your service, you can take a spin through on demand shows, or stream live tv. download your dvr'd shows and movies on the fly. even record from right where you are. keep what you watch with you. download the xfinity stream app today and get ready for xfinity stream tv week. watch shows

that is what a private equity fund would do.company, renovates its, does a better job than current management, and assaulted off for a profit in the future. that is a different kind of vision fund to get into. matt: the markets clearly like it. weworkto show a chart of bonds that are here in blue, compared to uber bonds and tesla bonds. they were yielding almost 13%, bid, thes investors yield comes down to just over 10%. still a pretty healthy yield. --n if the smartest managers even if the smartest managers take over this company, is it possible to achieve the kind of vision that you think softbank was once buying into for wework? i am not going to say it is impossible, but no matter who runs the company, it is a major renovation that needs to be done. also, the business model itself, it is not a prison -- a proven business model. various things they are on the hook for, if you look at the pnl, they will have to pay for staff cuts. but they have long-term leases. this business model is to arbitrage long tom leases -- , renting

i'm also an equity applicant on two deals with norcal cannabis. i'm also the director of community development for norcal cannabis. beneath of of these two things without did not happen without her. she has an application for seat 12 and seat 14. i don't want to go into her qualificati qualifications, but i want to talk about the attributes i noticed. she's authentic, she's tough, she has integrity and more importantly, she has compassion. she cares about the plant. she cares about people. she is a native of san francisco and she cares about this city and what happens here. more importantly, she's a woman in a men dominated industry. i believe there should be room for voices of women to really speak to the issue of cannabis here in san francisco. all of these things have really contributed to some very special things that are happening at r norcal, where we have been able to get outside of the box and think of equity in a different fashion and it's given rise to things i'm encouraged about as the industry moves forward. i hope that you would suppo

jp morgan delivers a solid beat from fixed revenue, while equities trading mrs.. -- while equities trading misses. welcome to global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. -- welcome to "bloomberg tuesday, on this october 15. a real push and pull here between the micro and the macro. you get a readthrough on u.s. growth, as well as bank earnings. euro-dollar modestly weaker. some pessimism over in europe. the bond rally echoing what we saw yesterday in europe. yields down by about four basis points. bank earnings are kicking off this morning. beats onp reporting everything except equities and trading. sonali: they did not be don't equities trading, but they did beat on fixed income, so that is good. they want to be the number one equities trading shop, so not beating there is not a great sign. average loan growth a little sluggish. jamie dimon put some notes of caution in the initial statement, saying that consumer sentiment might be strong, but generally a lot of weakening sentiment here. in the

private equity and private credit.uation mismatch could persist for quite some time based on the amount of capital that is looking for excess return. are you worried about politics right now? michael: i worry about it more as an american than as an investor. as an investor, our company is designed to make money regardless of who is in congress or the white house. we have demonstrated that over 20 years there there is a lot of negative -- over 20 years. we will get through that demonstrating what we do with education. i am most concerned because we are divided when our politics are disrupted. i would love to see it calm down a little bit so we can get back to business. jason: michael righetti, thank you so much. we did not get a chance -- michael arougheti, thank you so much. get a chance to talk about the yankees. romaine: getting a check on the markets, we are basically at the low of the day worldwide. seeing a market basically held hostage by concerns about a slowdown in global growth. the dow jones industrial averag

equities. things, growth, uncertainty and the currency. growth with a deal would be marginally stronger, but not a big swing. uncertainty would be slightly lower. looking at the index level, it would only mean an uplift to our target around 2%, so one of those scenarios where the downside is significant if it materializes, and the upside is mild. nejra: that is the euro zone. in terms of the u.k. stocks, would you be more interested in any part of the u.k. markets? sebastian: the irony about the uk exiting, if you have good news, because bad 70% of the news comes from abroad. they are very sensitive to the currency. a 3% or 4% swing in pound sterling on the back of a brexit deal, sterling strengthening, that would be a drag on u.k. equities. we currently like them because they are typical drivers, but you would only have a flat outlook if you got the brexit deal because you have a additional drag on u.k. equities from the stronger currency. the trade that has worked well and would work better i

movers,lobal macro equity markets, equity futures. the third one, e.m.ight now and it has not been consistent across the sovereign bond space. singapore is your biggest mover today. we heard from the mas that perhaps the worst is behind us. we will talk more about tencent and these other market overs after. rishaad: i think we can. there we go. 320 is the magical support line, isn't it? we could see it but it is just below that. a close below that level is more significant than an intraday move. what is behind it? we don't quite know what could be going on, to be perfectly honest. david: battle of the charges next. this is bloomberg. ♪ rishaad: it is the time of the morning, battle of the charts. southeast asia stocks reporter taking on the bloomberg oil editor. david: clients can access the charts on your bloomberg, run the function you will see now on the bottom of your screen. india stocklike to cheere reason after the sense recovered from a dropx overshadow banking concerns. it followed and 8% rise in the index after a corporate tax cut was reported

money flowing into equities. the dollar kissing that 200 day moving average, catapulting all the g10, as well as emerging markets. is this the rotation investors have been looking at? it's time now for the global exchange. we are going to bring you today's market moving news from all around the world. ndc,brussels to new york -- new york ndc -- new york and d.c. you chief negotiator michel chief negotiator michel barnier says negotiations were often tough. >> negotiations over the past days have at times been delivered but we have , and we have delivered together. alix: anna edwards is in brussels with more. what is actually in the deal? anna: it is taking a little while to get through all the detail, but what was going to change is nothing much in the withdrawal agreement, apart from the deal with ireland. they've gotten rid of the backstop and put in place something else, which looks very complex, and something the dup does not support. it involves changing the way some voting happens in northern ireland, the a

the office of racial equity is really about making that investment. it is about saying that we are tired of the reports, we are tired of the promises, and we need to start putting our money where our mouth is. on this issue and so many other issues. so i just want to take this opportunity to thank again supervisor sandy fewer and supervisor vallie brown for their courage. [cheers and applause] for their courage. for being leaders. for being unrelenting. for consistently talking about this, talking about the need to make real change. the african-american community may be less than 6% of the population of this city, but guess what? we are still here. we still matter. and it is time we come together and make real change. [applause] it is time we come together and hold one another accountable, but also lift one another up. >> here is the opportunity to work with an office to provide that change. i went over my time, but i am excited about this. it is why we put money in the budget to make sure positions are funded. nobody debated whether or not it should

we are 15 minutes away from the cash equities trade, still looking at red arrows across european equityndexed interest after a rush day -- a rough day forecast trade in the u.s.. ray dalio says the trump administration may be inching toward bigger moves against china. the bridgewater associates cochairman wrote that limiting capital flows to china must be considered among the possibilities. dalio's comments follow a bloomberg scoop on the white -- an official saying there is no discussion of such measures at this time. is the oecdow secretary-general. thank you for coming in. let me first ask you what you think about the possibility of financial decoupling. the u.s. is not -- has not done something like this since japan in the late 1930's. . >> it would be very bad. not that it is possible at all. there has been integration of the financial markets. it will continue to advance, inevitably. i would hope this is not happening and that we will find engage and that the engagement will lead to a better outcome. right now we are paying a very heavy price for the tensions. already 1% less than

equity doing better.d out revenue for both and m&a was a record third quarter for barclays. was given factor brexit, the low interest-rate environment, they would have trouble meeting profitability target, 2020 or that it would be a drag on making targets. he gave himself wiggle room. the market rewarded the stock today. didine: any concern that we not hear about cost-cutting or was that deliberate? on bankerwas pressed pay. we know earlier in the year there was a bust up in the executive suite. bonuses wereuts to a factor. unapologetic pulling that lever. he repeated the cost guidance saying it would be at the lower end of previous guidance. if bankers are doing as well as they did this quarter with restraint in the pay, especially given job market, not especially great, ubs today was set to be letting go of more equity traders but overall he feels pretty good about the position he is in for cost. he may have to pull harder on the lever next year. guy: intangible equity next year. aboutre analysts saying

european equities trading on decent volumes today.t is more of a stock story then a stock market story today. eat up by more than 20%. let's return now to the brexit story. british prime minister boris johnson will find out in a few hours whether or not he has a chance of getting his brexit deal through parliament. let's go to westminster. we are joined by emma chandra. let's get a sense of the crucial vote we are watching this afternoon. we've got basically two votes. one is the second reading, and talk us through this timeline bill as well. why is that so important? emma: you are absolutely right. we have two important votes coming up here in westminster. 7:00 p.m., the second reading of the withdrawal agreement bill. this is when mps will give an indication if they approve of the brexit deal and getting the brexit deal to become part of u.k. law. that is due to happen at 7:00 u.k. time, about 2:00 p.m. in the u.s.. if the government wins that vote, immediately after that, there will be a vote on the program motion. this is where th

the criminal justice racial equity statement i'm here to present to you. the criminal justice and racial equity, i don't know if you all read it. but i'll go ahead and read it. it was adopted by the commission. so we started with the da commission. it was adopted september 12 2018. then we went to the reentry where it was adopted september 25 2018. then we went to the community corrections partnership. the executive committee and later the whole partnership endorsed it as well as the juvenile justice coordinating counsel. this is the last criminal justice body that we are presenting it to. the racial criminal justice racial equity statement says san francisco community corrections partnership juvenile justice coordinating counsel reentry counsel, commission prioritizes racial equity so all people may thrive. san francisco's criminal justice policy bodies collectively acknowledge that communities of color have born the burden of inequitable social, viabilitial, criminal justice policies practice and investment, the government actions have caused deep racial