a six billion euros sale of fiat's corporate unit. carmberg has been -- fiat's parts unit.loomberg has been reporting on this. we will get you stocks to watch as the sun comes up. this is bloomberg. ♪ matt: welcome back to bloomberg markets. seven minutes to go until the start of european stock trading. we go to bloomberg's dani burger looking at fiat chrysler. annmarie hordern is covering ryan there. -- ryanair. what is the story with the sale? >> we finally have the first major deal under the new ceo. this is going to come in at 6.2 billion euros. selling their high-tech car parts unit. ,his has not come in the market market participants likely seeing this, however reaction is going to depend on what the company does with the proceeds. this could result in 2 billion in stock and dividends. if we get something like that we are likely to see a large rally in the share price. matt: what is the story with ryanair? >> they reported their first the klein in first-half profits in five years. -- first decline in first-half profits in five years. they are focusing on oil prices an

fiat money is supposed to be worth something for what i call lousy parent reason. frustrated and inept government tells us like we frustrated inept parents tell our children because i said so. so -- is krip currency the answer? now, that's one of those i'm glad you asked that question. as politicians running for office always said what they mean by that is i have no idea what the answer is and -- as a libertarian, i want a medium of exchange a kind of money that adhere to libertarian principles. and actually -- money that adheres to just one libertarian principle would suffice as far as i'm concerned and this is the privacy principle. what i do that does not. physically harm anyone else is none of anyone else's business. period. now business is conducted with money cryptocurrency would seem to be the private kind of money. libertarians want -- here's a private in the two most important senses of privacy. first cryptocurrency is not public and therefore not subject to government public policy. and government public policy with money is to issue as much as government

fiat chrysler driving the bulk of those gains after agreeing to their 6 billion euro sale. banks just behind them up 1% of course italian banks quite sensitive to what's going on with the italian budget situation so getting a nice lift there as well. at the bottom we have health care down 0.7% and oil and gas down 0.4%. back to you at the desk. >> excellent let's check in on how markets have been doing overnight as chinese markets have extended their rally after authorities pledge to support the economy in the wake of friday's gdp disappointment you can see that the majors are really bouncing and quite aggressively this morning. shanghai up 4% shenzhen the more volatile up 5% hang seng up 2.5%. not much movement in the currency if anything, a tad weaker. all eyes on the equity's performance. as the authorities are getting more vocal about intervening in the market, karen. what's interesting, it's not just the pboc governor, we've heard from the regulator things and what they're trying to do is shore up confidence and provide investors with some psychological support here >>

fiat after the carmaker decided parts to moreto rarely. -- marelli.e will get the latest from some of the regions biggest chief executives including ryan air's ceo. straight to bloomberg first word news. here is sebastian. outlining theresa may progress on the brexit and a saying it is 95% complete. people attended a demonstration demanding a second vote. secretary said more flexibility on one of the red line on that key issue of the irish backstop. the one big issue remains this breach between the end of the implementation period and the future relationship. if you listen to the mood out of brussels, probably good a pragmatism. we need to see it through. hasstian: angela merkel joined a group of leaders demand and saudi arabia say how jamal khashoggi was killed. suspend she would exports of military equipment until an investigation. it was-jubeir said carried out by a rope operation and those responsible will be punished. >> it was a mistake and what compounded the mistake is it was try to be covered. we want to make sure those weponsible are punishe

the big bright spot was fiat chrysler. in addition to the new ram coming 12%, out, that new jeeps and sport-utility vehicles are where it is that in this market right now. >> thank you so much for that breakdown of the auto sales numbers for september. still ahead, how western businesses in china are dealing with the trade war and slow down. will speak to the former ambassador to beijing later this hour. >> achieved market strategist joins us next. this is bloomberg. ♪ haidi: we are counting down to the start of trade here in sydney. the landscape is shaping up for the midweek session, lots of pressure coming down on small caps again. we're also seeing the aussie dollar continue to see downside pressures. shery: you're watching "bloomberg daybreak: australia." midterms are fast approaching here in the u.s., and while the democrats seem poised to take control of the house, the senate is more open question. our next guest says a big win for the democrats may be -- may lead to a market selloff. joining us is achieved market s

for fiat's mike manley >> frank, we'll see you in a bit.ere's how your money and investments look right now we are halfway through the 5:00 a.m. hours stock futures mildly in the green. we've had a volatile october futures turning back a little bit negative flat but let's be clear, it has been a wild month. volatility like we haven't seen. it's hard to say what's going to happen all eyes on the bond market. you're smart, you watch cnbc and the ten year bond yield 3.91 3.25 the number we watch the yield is down fractionally on this monday morning the big money story today is not here, it's in asia china having the best day in nearly three years beijing, the government promising to jump start the economy. let's bring in patrick chauvanik. i don't know how much you guys at silver crest are invested in asia, but do you like the fact that the market there be seems to be trying hard to make a comeback with the support of the chinese government nkts i spent a large portion of my time in china, china's part of the global economy so you have to watc

yvonne: jeep and ram trucks helped fiat chrysler produce their highest profit margins in north americathe founding of the company in 2014, offsetting disappointment in asia and europe and underlying accountedica, which for 97% of fiat chrysler's $2.3 billion of pretax profits. rishaad: -- yvonne: for breaking news wherever you are, tictoc by bloomberg offers live video coverage and hourly updated news reports verified by us. jump on twitter and follow @tictoc by bloomberg. ♪ yvonne: take a look at markets here this morning. doesn't look much like halloween, when it comes to the equity markets. rishaad: not a horror show. yvonne: not yet. it has been all month, i guess you could say. rishaad: which brings us to the mliv question of the day. yvonne: halloween on wall street. rishaad: nightmare on wall street. yvonne: what scares you the most in these markets? at least we are ending the trading month on a positive note here. take a look at decent gains on thethrough, japan lunch break now, up 1.5%. a look at the large caps. manufacturingct pmi was the lowest in two years. rishaad: individ

fiat chrysler to sell to mare lli. lead the new company.elli will keep the headquarters in italy. the merge is committed to a taliban operations and this merger would create -- is committed to keeping the operations and is merger would create 60,000 workers from tokyo to milan. truly global. couldt consider rewarding shareholders with fiat it and could give is earning seasons. i will talk about phillips. third quarter at adjusted. the company compiled estimate with 580 4 million euros, a bit of a miss. the third quarter is down and up 13.2%. let us look at revenue. revenue at 4.3% and that's a on 4.3 6 billion euros. sales from the third quarter's is up. on 5.4%.ain phillips is reiterating the 2020 target. later, we will speak to phillips ceo and that's after 6:30 a.m. u.k. time. a lot going on in the market. manus: let us take you to a quick perspective and i put brent in in here. and saudi production arabia. let me give you the numbers. it will boost profit to buy 11 billion american -- barrels a day according to news agencies. this is a

which is not something he actually can do by fiat. but for him to continue to echo the words of, you know, invaders coming, it's certainly not tamping down any rhetoric and continuing to call the media the enemy of the people. >> you're absolutely right, anderson. and also sending in 500 troops on the weekend before the elections long before the marchers and the caravan ever reached the border. they don't need to be there this weekend. that's a ploy. and i do think that in the background everything that was happening today is the fact that many people in pittsburgh, many people around the country, they don't blame donald trump for the particular shooter. they don't hold him directly responsible. but they long for presidency that has a moral chord to it. a president that shows moral leadership. in the background today is a sense that somehow the president's words resentment and hate and stirring up resentments among whites contributed to and led to the door of the synagogue. so i do think we ought to go back and think about, you know,

dutchman fiat often sponsors shopper torch i'm height. talks presidential i've been in fact talked so i'm fond of it it's sunday. it's a pity. you didn't of your father that i tell you that was a wish we'll have another one it english at the top of the hour let us though go. often sponsors for torture i in height. talks presidential talk so i know. it's. a pity. if your. english. is amongst the celebrations a welcome shock. failure joining. the call right now because when. we do. it's really warm down the crowds on the street. the report about the german leaders have been saying about german reunification tell us more about what they have to say reactions to it. happens when. they're unified. in what. touched. me here in the right. time. and. they feel like. there are a lot of questions about. the far right. under the far right race is it. a short time ago that was. right that. this was. happening to. unite under. a very noisy germany. the number of dead from last week's earthquake and tsunami is now more than fourteen hundred. facing a f

carmaker fiat chrysler has agreed to sell its subsidiary mine yet. the auto parts supplier will be taken over by cal sonic cons from japan for six point two billion euros the deal will boost the japanese component makers operations in north america and europe chrysler had planned to float its subsidiary but was put off by low i.p.o. valuations for industrials the takeover will create the world's seventh largest independent car parts supplier. now ryanair has logged a seven percent fall in profit from april to september summer's a key season for europe's largest budget carrier but it took a hit from rising fuel costs and lackluster bookings that were marred by strikes ryanair says it will have to keep short haul tickets prices low prices low this winter and the carriers bracing for more damage cabin crews recently failed to remove an irate passenger who hurled racist insults at a woman a video of the incident was posted online. competition authorities in the u.s. and europe have approved the merger of two major industrial gas companies germany's lenda

. ♪ >> fiat chrysler has agreed to sell its high-tech parts unit for 6.2 billion euros.er the new chief executive. was this originated by sergio marchionne? >> yes, it was his idea. it came at a time when he was really developing his spinoff strategy. we saw for ari with cnh, there probablyternal debate on whether they wanted to go ahead and spin it off. he was also getting offers, so this deal wrapped up that process and fiat managed to get a slightly higher price. ♪ glencore are lower after the ceo told investors he will retire in three to five years. why no? he owns more than 8% of the company, and it doesn't look like he's getting rid of any shares. why announce his retirement? >> well, he hasn't announced it as such. thisimportant to say that is in private conversations with investors. one of the key things happening is investors are asking more questions. he's getting to an age where people might start to think about retirement, and the other thing prompting more questions is that glencore announced they had been subpoenaed in a corruption and money laundering prob

that is that title win will go down in the history of sport as one of the greatest and it's in its fiat not just less the city fans but chants worldwide and we also can't overlook the fact that unlike other foreign owners of english clubs. he was indeed very much respected and so i do get it he was sometimes a bit flamboyant at times he had a larger than life personality which might also explain why he used the helicopter as a mode of transportation to get in and out of the stadium but that ended up being a ritual and something that even fans began to. enjoy but from the local community to fans to players everybody very fond of this fan well as we've said there is still no confirmation of there are any survivors of the crash we do know he was on board and yet tributes have already been pouring in what can you tell us about those well we know that in one we've heard reports that for example. the leicester city goalkeeper that he reportedly went to the scene of the accident and that he was left in tears of course there's been also lots of true read on social media plenty of support messag

ford outsold by fiat chrysler for the first time in a decade.y ford is struggling with aging suvs, collapsing car sales, and king of the road f series finding itself the oldest pick up on the market. ford hopes next year's updated estate and exploiter will turn things around. tesla slumped, despite beating delivery estimates in the third quarter. 383,500 models in november. tesla says trade tensions between washington and beijing have been a drag, but numbers indicate they may be on track for an elusive profit. they have production plans in shanghai. global news 24 hours a day on air and on tictoc on twitter, powered by 2700 journalists and analysts in 120 countries. i'm jessica summers. this is bloomberg. haidi: let's get more on how markets are shaping up in asia. our lives strategist here in sydney. not much for markets to get excited about. hong kong had a shocker yesterday. can japan get things going? >> is pretty concerning because the yen overnight suddenly got strong. it looks very much like it was a haven play with italy, as you were me

fiat chrysler is expected to announce a $7 billion deal to sell its high—tech car parts unit, magneti several uncoonfirmed reports suggest that japan's calsonic ka nsei will take control, in a deal that will make it a world leader for parts, including electronics and lighting. a sale would be the frst big change made by fiat‘s new chief executive, mike manley. and now, what is trending in the business news this morning? the financial times is reporting on the fallout from the murder of saudi journalist jamal khashoggi. it says riyadh is trying to salvage this week's big investment conference, despite many foreign business leaders pulling out. here in the uk, the head of the biggest commercial tv channel, itv, has told the guardian it is the last chance to build a challenge to netflix. it is a familiar tale in many countries. talks with other uk broadcasters, including the bbc, to work together on a new streaming service haven't led anywhere, and carolyn mccall says time is running out. and don't forget, let is know what you are spotting online. use the hashtag #bbcthebriefing. but bef

. >> fiat chrysler has agreed to sell its high-tech car parts unit for 6.2 billion euros.rmaker under the new chief executive, mike manley. was this original idea hatched by sergio marchionne? >> yes, it was his idea. it came at a time when he was really developing his spinoff strategy. we saw it with ferrari and cnh. there was an internal debate , probably, on whether they would go ahead and spin it off to investors. he was also getting offers, so this deal essentially wrapped up that process and fiat managed to get a slightly higher price than some of the bids. >> shares of glencore are lower after the ceo told investors he will retire in three to five years. why now? the ceo owns more than 8% of the company, and it doesn't look like he is getting rid of any shares anytime soon. so why announce his retirement in three to five years? >> well, he hasn't announced it , as such. i think it's important to say that this is in private conversations with investors. i think probably the key thing happening is investors are beginning to ask more questions about it. he's getting to

more than gm, ford, and fiat chrysler combined. rival lyft also plans to make its wall street debut next year just at a bit of a lower value, $15 billion. >>> 137 million people tune in to netflix around the world. 137 million. netflix added nearly seven million new subscribers last quarter, two million more than it thought. well above any service like amazon prime and hulu. the majority of its subscribers, six million, came from overseas. netflix has been investing heavily in foreign shows like germany's "dark," and netflix places success on original content. spending about $13 billion this year on content alone. the growth is a big win for netflix. netflix added a million fewer customers than it predicted in the previous quarter, sending the stock plunging. the stock up a stunning 80% this year. right now up 14% overnight. >> gosh. i'm still stunned, though, by the fact that uber is worth more than ford, gm, and chrysler fiat combined. >> yeah. fascinating. >> that is staggering. >>> "early start" continues right now. >>> account

pump and dump schemes, spoofing, insider trading, coins created by fiat, used to manipulate prizes. massive criminality. eight, icos associated with securities are non-compliant securities that break all security laws. they're mostly scams and even this created a fake website to warn investors of initial coin scams. nine, utility talks would mean a return to the stone age. even the flintstones knew better than crypto, as they used clam shells as their currency. tenth and final point, corporate blockchains, so-called enterprise, are glorified databases and have nothing to do with blockchain. they're private rather than public. they're permissioned rather than permission less. they're based on trusted authorities, fine transactions, rather than being trustless. they're not distributed on millions of computers but, rather, on selected databases. in summary, the claim to be blockchain has nothing to do with blockchain. 90% of all corporations experimenting with them decided they are no better than traditional databases. since they are more costly and less efficient than databases, they

at least fiat chrysler is doing well.ctually from the first time in more than 10 years for the months of september they sold more cars than ford. why sales figures are down is difficult to say at this point. maybe it might be because of higher gasoline prices. it might be because interest rates are increasing so financing becomes more expensive. also last year's september was a record month for the u.s. car industry, so comparisons were skyhigh. javier: tesla is also making headlines, and there is more bad news today. jens: there is bad news but also some good news. so, maybe let's start with the good news. tesla came out with their production and delivery figures, and at least for now, tesla achieved their production numbers, producing more than 5000 model 3 vehicles per week, so that is some good news. on the other side, tesla is struggling with countermeasures from china. in july china increase the tariffs on car imports by 40%. tesla is saying that this might be hurting the chinese business. they are starting to build

to get an idea of what $120 billion means, uber would be worth more than ford, general motors, and fiathrysler. the big three u.s. carmakers combined. javier: jens, thank you very much. the united states is to impose a fresh set of sanctions on iran. they will target a multibillion-dollar financial network that allegedly funds the recruitment of training of child soldiers. it is part of a wider u.s. campaign aimed at putting pressure on the iranian economy. earlieier this year u.s. presidt donald trump pulled out of the landmark nuclear deal that would see a range of previously scrapped sanctions reintroduced. iran is already feeling the effects of that decision. oil exports are down and several foreign companies have withdrawn from the company. that is all for business. back to brent now as the countdown to election night in the u.s. brent: three weeks from now the u.s. midterm elections, just three weeks from today. a record number of women are runningg for governors in many states and for the u.s. congress. when you look at the race for u.s. congressional seats, you can see what we'r

if it comes in at that price, uber would be worth more than ford, general motors, and fiat chrysler combined jm morgan chase will lead the lyft ipo, which was valued at just over fifteen billion dollars. >>> good news for students defrauded for for-profit colleges. it makes an obama era policy that makes it easier for kids to discharge loans goes into effect. they opposed the regulation known as borrower defense because she said it made discharging loans too easy. and was unfair to taxpayers. the rule was supposed to take effect back in july of 2017 but she froze it while she tried to work on a new regulation. >>> and the $40 million settlement elon musk agreed toe has been approved by a federal judge. you recall he said he had the financing to take it private, he didn't. the securities and exchange commission argue dollars the tweet was misleading and harmed investors who bought shares as a result. anne-marie. >> that will teach you to stay off twitter just a little bit, elon musk, or maybe tweet about a boring company. what could go wrong when you're tweeting about a boring company, right?

moment thanks very much for joining us there with your expertise from london let's turn now to abraham fiat he joins us here on settings fester of conflict resolution of the doha institute for graduate studies it was an interesting speech it was the speech we were quite expect saying is that why do you think pulled back from his promise of revealing all well i think you know the expectations were a bit higher because he has the expectations of his previous speech but nevertheless i think there are three takeaways of his speech that are very important and they are major one of the three takeaways are configuration planning and i can't ability yet on the confirmation you know this speech that he did have of the day i think he made it official that all the leaks that we had from the turkish media in the past now it's official it's confirmed and that we can use this as part of our understanding of the case and where this is going towards next. is you know the people and i think this is a huge and this is important because also this was this because. you know for the past three weeks with of thi

fiat in norway has adopted a measure not selling or producing gasoline-powered vehicles after 2020. the problem with those is it takes good government action and it's easier to do ironically in a dictatorship than non-dictatorship so it's harder to get the government to take constructive actions in our circumstance so working more on the companies to behave better is a better hope than the governmental piece though we should as spire to that but the -- aspire to that but the technological changes going on and there's predictions all the owe sales have peaked because millennials don't buy cars. if you can rent and not buy the car it's a better use of resources. there's thing going on that are constructive that we can take advantage of from an investment perspective that don't carry the negative consequences. >> what about our other consultants? >> having a holistic approach stands out in the combination of good analytics an action. there's a depth of analysis and i think andrew hit the ground running is an understatement. the deep analysis from investment perspective and looking at t

ford versus fiat chrysler. it outsold ford in the third quarter. these are tough times at ford.es. they have the f series on pace for record sales and they will say we cut back on fleet sales it did outsell ford in the third quarter. back to you. >> yeah. the real stand out there for the month of september i want to take you back to september. you're saying rectifying delivery issues is easier than production issues. so it should be something they can close the gap on fairly quickly? >> i don't know. i think they are struggling in terms of rectifying the deliveries once they are build and delivered it would be rather easy to handle it continues to grow each quarter. they will say we are building more we'll have more vehicles in transit. they do need to rectify that though >> i was struck by the numbers onchina. >> sit a 40% tariff. it is not just tesla it is bmw, mercedes benz, the tariff is 40%. >>> still ahead, space founder turned 5 grand into a billion dollars fortune with her body shaping attire she'll join us to talk about the state of the consumer and whether an ipo for c

fiat chrysler is selling the auto parts unit to japan's kalsonic for $7 billion.t's the first move for mike manley who took over after sergio marchionne. the health care technology company is blaming currency headwinds. orders were up by double digits. the new york city police department is pulling the body cameras after one caught fire. it was formerly known as taser axon said it is working with the nypd to investigate. >>> your lottery update. the first part is that the sorkin family did not win over the weekend. that's because no jackpot winners happened including the sorkin family, quick family, or i don't know who else played anybody play back here how many hands we have some people who needed to pay for the dream that's okay. the mega millions has surged because it hasn't paid out yet, record $1.6 billion which the sorkin family is very happy to participate in powerball's jackpot is $620 million. so we're over 2 b, $2 billion. next drawings are for mega millions and powerball i know we can't recommend doing this. >> very exciting if you're more excited about

last month fiat chrysler ouaced toyota, ford and honda who all sold fewer vehicles than a year ago becausene hurri harvey brought massive flooding along the texas and louisiana coast leading to to a surge in replacemt sales in cement of last year. for all of 2018 sales are on pace to top 17 million vehicles for a fourth straight yere. not only americans buying vehicles at a healthy clip, they're paying more. the average price paid now tops $35700 largely because pickups and suv with higher sticker prices remain red hot and that's good news for the bottom line of auto makers. still auto stocks are stuck in neutral with som actually pulling back. ford is down 26% this year. despite the fact its f series pickup is noilgingleecord proof investors are looking for more than strong demand in the showroom. phil lebeau, nightly business report. chicago. >>> meanwhile tesla met and production goals when it comes to the model 3. the company said it delivered more than 55800 vehicles to customers in the third quarter. that is three times more than they delivered t previous quarter. but the stock fell af

. >> they are looking at lowering the fiat one -- fee by $150. >> he had to borrow money from the boss calling the process unfair. >> it sucks. i can't have the money. i have other bills i have to pay. >>> the city auditor said in san jose 55,000 cars are stored, abandoned or lived in. the city tows less than 10% of them. in many cases cars are not word bailing out. the city is recalculating the fees. >>> still ahead, we go to washington for new developments in the kavanaugh investigation. what happens once the f.b.i. investigation wraps up. >> heavy rain in the lark spur area, marin valley. i'll show you the radar after the break. >> new information on when buses may run again and who'll pay for the repairs. . >>> f.b.i. could wrap-up the investigation into sexual misconduct allegations against brett kavanaugh by form. fox news is on capitol hill tonight with the latest in the high stakes case. >> on friday the president said the f.b.i. had a week to complete the investigation into brett kavanaugh and knows allegations. it could be wrapped up tomorrow and republican leaders are saying

about too and i suspect that's the group assad is also worried about and the settlement of assad rebel fiat is far far had on the horizon but the u.s. still has to sit in the game with a kurdish that forsakes well washington try to use its allies in the fight against assad i mean do you think you could come to that. i think we have made the strategic decision that assad is the legitimate ruler of syria and is going to be there for the time being i think we made that decision i think that if we have it then we're dumb that would be a very smart decision to have made and i think we have made it now how that plays out as the united states tries to at least maintain a vestige of influence in syria is anybody's guess but as i pointed out i think the biggest impediment to that being worked out in the benefit of the syrian people who i might point out are sick and tired of this war i mean i'm getting reports from damascus and elsewhere from people who are what you might call the cognitive cynthy the intelligentsia the people who are behind assad the people who support syria returning to some sort

david: we just getting fiat numbers out right now. they had a slight beat on net revenue.earnings per share. that confirms what you are saying, that the manufacturers are doing all right. if you are moving toward more expensive but the rates are higher, do not they fight with one another? michael: i agree. when you combine that into a monthly payment, it is higher than the last time the consumer was in the marketplace and that creates a monthly payment sticker shock. say, irned to us and need to get something at this payment. what can i get? start talking about nearly new and alternatives. there is the shift to more affordable options underway. we can be on both sides of that equation. we will manage it. , i think it has implications for next year. profitability will be excellent. david: really appreciate your being with us. is mike jackson, autonation chairman and ceo. alix: one to recap those headlines of fiat. earnings came in better, net revenue came in better. the company is announcing dividend of 2 billion after the sale. that stock up over 2%. terms oferesting in th

and bitcoin catch all of the names we've all heard exactly those base coins can be purchased with fiat currency regular money like u.s. dollars also the sixteen hundred cannot so they first need a buy one of these basic points from a centralized exchange centralized exchanges are some name very familiar names such as crack in the next i think we've got a chart here these are these are exchanges that are located all over the world is a little complicated here but primarily where they based kristie yes so as you can see the in the yellow the majority of these exchanges are actually based in japan japan and u.s. dollars are the most frequently traded currencies right now in currencies and as you can see coin check bit flyer stamp and coin those are the dominant players within the exchange space you see like you say the the large amount of different currencies that are going into kryptos here we have japan so that is taking up a lion's share this is the u.s. in the light blue here and then that europe you know so even if you take and then there's china china here so even if you take these

that vallation is more than the combined worth of ford, fiat. >>> and a tweet will cost musk and tesla 40 million in fine. a judge approved the fine. he announced he had funding to take tesla private. musk can stay on as ceo but has to give up the seat on board of directors. >>> the vice president arrived in georgia to tour the storm damage of hurricane michael. he visited a pecan plantation. farmers say the pecan trees take 20 years to mature. of the death toll has gone up to 26 in 4 states. >>> here's some of the temperatures from today, cooler than yesterday, along the coast it's cooler. it will be around tomorrow, it will be in and out at the coast. in the morning it will be clear out there. these are the highs from today. highs tomorrow similar from san mateo and san francisco east. these will warm up because there will be less fog. a lot of rain in texas. we talked about that last night. there's flooding in the area, the major hubbs -- hubs, it is a major hub. pay attention. so, for us out west the fog is our story, the fire danger has subsided and it will stay away it looks, at

talked to the demonstrators who we re and talked to the demonstrators who were protesting about the fiatry civil, courteous way and he claimed afterwards that it had changed his mind. he said that is when he decided to withdraw from vietnam. can you see trump doing that? that is the closest in modern american history to the pattern that trump is setting. he is talking like something out of a mid—20th century horror story. coming from a different material point of view... he spoke at one point about migrant infesting communities in america. likening them to vermin. does he know nothing about 20th—century history? nothing! the president of cnn said the other day that words matter. if you are the most powerful man on earth saying things like that, it will have an effect, james capper, one person who received one of the devices, we don't know what the motive was for the investigation, he said that he doesn't think there is automatically a link but he did say that, "i do think that donald trump there's some responsible is it for the coarsening of civility and the dialogue in this country. " o

for both ford and fiat chrysler. the number is coming in, down a miss.it of best beat off 15%, 8%, the september in 18 years. we have a big move with ge down 1.7%. the upside on a management , it is likely to persist. it could be more than one notch. investors like that again. ge declined looks like nothing. the ipot decline since last november. this is the online personalized apparel company mixed quarter. they beat earnings estimates, at one point, these shares up since the november ipo. the growth is not quite as high as expected even though it is double digits. hitting its hundred day moving average. as for the s&p 500 overall, let's look at the leaders intel mpg and it did intel up three point 6% bouncing back after yesterday's 2% decline in a cut in rating over at barclays, investors looking pass that today. bge looking up more than 2% on the downside. down 5%. saying theof america price target now is lower on evaluation. down 3.9%. map.tle bit all over the down three basis points. bonds are rallying. it may su

fiat chrysler agrees to sell its carport unit valued at $7.1 billion. more on that next.berg. ♪ david: time for the bottom line where we look at the three companies you should be watching. fiat chrysler sold their auto-parts business to a japanese company and its is $7.1 billion deal which is $1 billion more than predicted. they will have a long-term supply for those car parts. now you will have the new combined auto-parts company based in tokyo. they will maintain summing big in italy. alix: clearly it is getting out from under that. i'm looking at halliburton. they do see a better 2019 when it comes from all the issues they have been having this year. a key area to watch. , talking about execution of shale in the u.s. is actually getting worse in some capacity. so we are overestimating how much shale oil can produce in the u.s.. david: is this drilling new wells? alix: a bunch of things. one is a parent-child well. that is actually causing execution issues. david: i have seen that on your graphics. hasbro, fornow, that will bring in brooke sutherland. >> they are our th

so taking on the fight of our current fiat currency controlled by a federal reserve is not a fight i've chosen to take on. i mean i've not been an advocate of returning to the gold standard. i have been intrigued at times. the currency to a basket of commodities. i have studied that proposition before. and so i think number one, probably not a whole lot of appetite to be taking that on. simply because also, something else i've learned. we put forward some reforms in the federal reserve so i like making speeches. i like makes votes. most importantly, i like making progress for the cause of liberty, the ground of liberty is to be gained in inches. i often think he measured in millimeters instead. so again sometimes icons trait on what do i think can -- where can i make a difference today? but it also keeps the debate alive. because i think some of the work i have may not realize progress for several congresss. one more. yes. wait for the mic please. and identify yourself. >> was there ever like any serious attention paid to studying the extent and role of regulatory forbearance towards la

well, fiat chrysler is unloading its car parts business. the company is selling the unit for just over $7 billion. the deal is going to make the newly combined company one of the world's biggest auto parts suppliers. fiat chrysler in the premarket up 4.6%, about. finally, there is this. the horror movie halloween making a killing at the box office this weekend. >> there's a reason we're supposed to be afraid of this night. >> i've been preparing for this for a long time. it is not safe to be on the streets tonight. go home! get out of here! get inside! michael? cheryl: the film raking in $77.5 million, a record opening for the franchise. it also is the second best october opening weekend of all time. holding on to second place, a star is born, $19.3 million. rounding out the top five, venom, followed by goos bumps -- goose pumps two and first man. jamie curtis, she's still got it. maria: yeah, she does. thanks, cheryl. a new way to calculate your fico score, we will tell you why your cash may help. that's next. and then facebook goes shoppi

they didn't turn it back into fiat money. >> the people who have been holding the cryptocurrency -- carolinee they? >> there are different types of people. one is the crypto hedge funds. there have been hundreds of these crypto hedge funds that have emerged over the last year. they went into this new asset class for force and they are seeing returns plummet. caroline: we will have to keep track of their viewpoint. joe weisenthal, i will be hanging out with you in a little bit. and lily katz. when we come back, a rocket launch failure forces the u.s.-russian space station crew to have an emergency landing. what does it mean for the future of the international space station? we will talk to former nasa administrator charles bolden. this is bloomberg. ♪ caroline: this is bloomberg technology. i'm caroline hyde in new york. a soyuz spacecraft launched, carrying an astronaut and cosmonaut. during the launch, there was an anomaly with the booster and the launch was aborted. what happened next was an emergency landing of the spacecraft. joining us to discuss is retired astronaut charles bolden to t

e craig: ford slipped behind fiat chrysler. also the s.u.v.'are getting long in the tooth so the escape is in a segment that's the hottest part of the market with crv.oyota rav-4, honda that's where you need to be to keep up in the market and that in need of redesign. romaine: we saw strength earlier year in auto sales. was that from the individual consumer, people like you and because it seems like the narrative in the most recent report didn't bear that out. craig: it's always tough to judge retail versus total sales fleets until toward the end of a sales day or later on that week. but one thing we can definitely say is a major factor this month is a year ago, it was the first month after arricane harvey and there was huge snap-back from hurricane harvey. houston is a major metro market for auto sales so the amount of replacement demand made of 2017 sort of the blow out month of the year so we this tough hill to climb year. joe: car sales can be seen as a proxy for consumer strength and the economy overall. these numbers today, what do they t

it was whether or not the judicial system could say by fiat this is what the constitution allows for. the voter i.d., like i said, you look at voter participation, minorities in the southern states that were among the most affected by that and you'll find they're way up. in 1976 you had school busing going into place. i was much younger then and i wasn't too happy with it until i did the term paper and changed my mind. i actually became in favor of school busing as a means of creating an environment for integration. the only places where there were riots, where there were fires, northern places, boston, detroit. check the records. that's where the riots were had. the issue, the racism, all of this stuff has been a national problem. it's been more obvious in the south for obvious reasons but a national problem for all of these years. guest: you covered a lot of issues. i have to compliment you on a very accurate description of what happened with the voting rights act. it was basically federal supervision over changes to election systems that could even be changes to polling , aces in h

giant valuation could hit 120 billions get this this would be bigger than general motors ford and fiatrning joining me to break it down fox business network dagen mcdowell, "the wall street journal" jon hilsenrath, cfrae investment strategist lindsey bell great to see you he earnings facility and furious uber 120-billion-dollar more than gm fiat ford combined. >> that is huge. >> what does that tell you tech and tech stocks being valued right now is that a sign that we've got in bubble territory. >> valuations have come down with the rest of the he market earlier zblajt higher the end of january february whole market pulled back we are there are more reasonably priced now. >> what did you say netflix had a huge sell-off however, it is still up. >> up behalf of them 75% still -- fourth best o performing stock in s&p 500 this year, year-to-date even with the pressure that we've seen on some technology stocks, netflix is about 5% based on the -- 57 -- 75% based on prize. >> elizabeth warren a story talk about she is running for president, in 2020. dagen: it is these are to jon's point in