we've seen an explosion in manufacturing, mining, many industries that were flatlined if not failing for a couple of years. and he has put an emphasis, as vice president pence did when he was governor of indiana, on vocational and educational opportunities so that if you want to graduate high school and have a skill certificate and go support yourself the next day or the next month as a welder, mechanic, plumber, hair dresser, many people who i grew up with that wonderful careers and were able to support themselves without college and law school debt. host: you've been a republican for along time, right? kellyanne: sure. host: i'm just so not used to republicans endorsing industrial policy, because it is industrial policy. democrats embrace the word but president has embraced it -- but president trump has embraced it wholeheartedly. you find it odd that it was a major shift? kellyanne: going back to the hidden trump voter, that was a big part of it. the president would go and see these of blighted storefronts and these closed storefronts and these shuttered factories, and president t

well, it's going to flatline at any moment when duterte decides to declared nationwide martial law ordo you think that is likely? given the opportunity, he would pull the trigger. so we, the members of the opposition, are preparing for such eventualities. but he said he would not want to stay in office a day longer than he is democratically elected to be in office for. well, those of us who have profiled mr duterte would not give him the benefit of the doubt, or take his word. another stern critic of duterte is the country's top judge, chief justice maria sereno. in may, she too was unceremoniously removed from office. she believes the duterte administration is now threatening the very independence of thejudiciary. it does not like criticism. it shows viciousness against groups of people that it deems are its critics. it tries to show that the strong arm of the presidency is not beyond being used to oppress people. i think that is precisely the impression that this administration wants, that you cannot cross him, and if you cross him you are going to pay a high price for it. inside th

your n.g.o.s seeing that as is that a real problem i'm not tried describe it as fatigue as much as flatlining we don't rely on donor assistance but we do track it and what we've seen is that since two thousand and fourteen a levels are remaining about my same as they have in the past the problem there is that there are still huge challenges ahead but with the progress we've made we've got the opportunity with increased investments now to get over that hump and really to the point where we've got vibrant economies delivering for their citizens increased ability and all the things i think we in our african partners want to see ok sounds of very positive are african countries and governments themselves shouldering more of the responsibilities that as they are there are increases in government spending in most not all but most african countries in health in agriculture in education we have also been successful with our colleagues in nigeria for example with civil society pressing the government to increase funding in health and they've begun. be successful in that so we are seeing progress on tha

the asian stocks are pretty much flatlining or they were flatlining and europe is a little higher.is trending across the bloomberg universe. committees,ump's beto o'rourke, and facebook try to promote the company's own efforts to keep elections there. restaurant empire. the food delivery growth has led to individual arrangements including fast-growing hot spots that only serve delivery. our most read stories in the bloomberg terminal, and third-place, china is said to hold the special approval processes for new games. second place, trump and congress. up top, the markets. those are your top stories. let's get straight to the first world news. kailey: the head of the houses tax-writing committee supports president trump's call for a 10% tax cut to the middle class. congressman kevin brady says if republicans retain the house and senate next month's elections, they will move forward on the plan. a signal that last year's tax overhaul is not proving as popular as republicans had hoped. more than six out of 10 americans said they have that benefit from the trump economy. that is accord

the s&p 500 just barely under the flatline.ooking at these two indexes on a weekly basis, they were positive for the entire week. this is after breaking three weeks of falls. the nasdaq itself. wasn't so lucky, down nearly .5%. on technology, looking ahead to this week, we have a huge slew of earnings. it's the peak week for earnings in the country. we have technology, transports, and industrials. haidi: massive week of earnings ahead. i wonder if expectations might be high. let's look at how the asian session is shaping up. new zealand is closed today from trading on account of the labor day holiday. australia just getting underway with a bit of downside. the aussie dollar at 71.13. the aussie and the kiwi catching a bid on friday after chinese policymakers. we are counting down to equity trading this morning. the docket is likely comes to data. korea, first 20 days of important exports will give us a good reading on the impact of the trade war in the supply chain here in asia. on fiveei 225 closed lower. nikkei futures lookin

flatlined, not increasing. we need to finance an $800 billion deficit heading for $1 trillion.re are issues. the federal reserve is reducing its holdings. they are essentially joining the treasury in putting more treasury debt into the market. that is the kind of conversations we need to have and hear from the fed how they plan to manage it. haidi: these conversations about uncharted territory. this place to the same theme. the fed minutes from last week, the biggest thing was the idea of the new drill rates, being an existential concept, not a number of how far away we are from reaching that neutral level. what happens beyond that? what is your best case scenario? david: if we don't get an upward trend that accelerates in inflation, then you can argue we are close to whatever the neutral rate is. no one can observe a neutral rate. we all have to guess at it. when you look backwards and say, now we have this, so we can figure out what the neutral rate was, it has got a wideband, so it is not easily -- we are guessing. it is not predictable. to get a trajectory that accelerates

dax at the moment is absolutely flatlining, and i think the next hour will be pivotal in terms of thet we trade into next week and think about where the markets are. the euro-dollar is negative, the dollar is gaining traction, despite selling off of the last few sessions. a turnaround today. now the question of the day. and the turkish lira is not getting a bounce, despite the fact that a stranger branson has been released by the court in turkey. i have to say, i have spoken with traders who were expecting more action around this, the as we heard earlier on, the moves we have seen over the last few days have been enough when it comes to one of those better to travel than rise stories in the market. the other thing i want to highlight in the numbers is the short squeeze carrying on out of copenhagen. it looks like maybe that this is continuing throughout the day. the story of the last few days, it looks like the shorts have really been caught the wrong way around on this stock move, pandora from copenhagen around 8% today, 30 spot seven. that squeeze continues. check out the charts on

and then it flatlined. it was going down as of 2015. i was told that it was the opioid crisis that did it. it stopped the license expectancy -- it stopped the life expectancy from going up. that really gets people's attention. life expectancy in the u.s. has been declining. >> i will add one thing to that. it is declining among working, white people. it is not declining among other people. the main people who use opioids tend to be from red state america from rural areas and they are usually working on farms or in factories or in coal . they injure themselves on the job, they get sent volume, that turns into heavier doses and then they cannot get the dosage that they need. than they turn to black tar heroin. than it kills them. it is very true. we are with a pro trump group. literally it is trump voters that are dying of this. it is terrible and the states most affected, pennsylvania, ohio, it is all over the place. new hampshire is terrible. it is generally those areas where it is just out of control. >> my family has been touched by d

elected office the third part of empowerment 2020 are the conferences their action oriented women have flatlined at 20 percent on that percentage one and 20 percent women a in congress that is stagnated if we get up to thirty percent fabulous 80 percent would be amazing that conversation is equality will be something we're used to as pair the culture i'd like to that that will be done in 2020 but ifyou. >> as a voter you have a choice on how you can vote you might cast your vote by mail or vote earlier in city hall if you choose to vote earlier you'll go to our powell plays might be a church or in regards garage they'll make the voting as uncomplicated as possible yes what does 3 take to be a poll working and what exactly does a poll work working do letting meet some. >> aim jack. >> i'm co-author la. >> i'm tiffany and charles and my name is elizabeth i'm jeff i'm bruce hi, i'm karin a full-time student addressed city college i've been a pole working for 10 years. >> for 13 years your 10 or the 9 or 10 years. >> those poll workers and thousands are an essential part of election day 31 they prov

educational achievement flatlined on his watch.sive resistance to school closings, students doing actions on him around the school to prison pipeline. and he was rewarded with becoming education secretary of the united states. and what is s the real differene between him and betsy devos? vouchers? there was no arne duncan, there were be no betsy devos. we have to realize that education is too important for talking points. education -- the education for black people has been a way to oppressionffocating and a way to build a future for our famimilies andnd communities acrossss the united states. for immigrant families, it has been a way to make sure that children don't have to live in fear and that they can build a future in the united states. so we should be making policy that is rooted in sound educational principle. like where arne duncan since his children. they don't have -- amy: we have 10 seconds for the >> they don't have overcrowded classrooms. so i think betsy devos is doing what she's supposed to do as an ultra-white ring

and it flatlined. i think it's going to as a 2015.i was told that it was the opioid crisis that dated, desktop i've expectancy from going up. if that is the case, that is something you all should use all the time, repeat widely because that gives peoples attention. life expectancy in the u.s. has been declining. >> i will add one thing today. it is declining among working white people. it's not decline among other people. the main people the use of opioids tend to be from red state america who are from rural areas and they are usually, that you worked on farms or the work in factories or in coal. the injured themselves on the job, they get addicted, they get sent value. value turns to have your toes, have your dose and then they can't get the dosage of bethany at the "liars, leakers & liberals" black tar heroin and black tar heroin usually fit now and it kills them. [inaudible] >> right. it is, it is very true. we are with a pro trump group and literally it trump voters that are dying of that. [inaudible] >> i'm not going to that poin

i got in this morning and i was thet it, s&p flatline at the top. a real wiley coyote.traders came went, good lord. sold everything at the open. they decided to wait and see what china would do. chinese stocks have seemed to find the floor lately. they went. taiwan and all the rest of us. there's an air of panic in asian equities. currencies and rates, not so much. that's an interesting way of looking at the factors. aldean in a risk factor. to, what is down america going to make of it? u.s. markets only broke down at the end yesterday. i think we are waiting and watching to see what happens once u.s. traders come into their floors this thursday. anna: really interesting to see the spread around the world. it did global -- go global. the rest of the world was losing ground already. big topics has been a of conversation amongst finance ministers and central bank governors in bali at the imf world bank meeting. what is the thinking? i know you caught up with steven mnuchin. i sat down this morning with the treasury secretary here in bali. we talked about the stock market

over the last ten, 20, 30 years and wage with just have flatlined they haven't gone anywhere.ause all of these people, they are losing that opportunity right there in the middle. and you have people on top. that have benefited by being able to put capital to work they have money to invest and then people on the bottom theaf they have benefited because they benefit from programs where there's assistance but you can't get that assistance if you're stuck in the middle and you can't get that assistance in the stock market. if you're stuck in the middle because you don't have money to invest. so if we can grow wages, if this country can see a more robust middle class which has always been the foundation of our economy, and made a us successful well that's going to mean a lot to the possibility of the reelections to donald j. trump joining me along with chief economist lindsay -- good to see both, don, you agree with that. middle class right the foundation of our economy, we have really seen that deteriorate in the last decade. >> that's very important we need to see more in terms o

this crisis you're talking about being culturally the closest in the region or relationships of flatlining clearly the relationship between. riyadh is on it's on the slab it's not dead and buried but there's virtually no pulse that's a given so does this mean that some point during this long game of international diplomacy which people are saying is now playing we might see the blockade of cats are being lifted by way of yes ok we need to work with somebody that's not the united states we don't want to work with or the emir of kuwait or another country like you we might see no we don't want to get involved so the u.s. might pressure them to lift the blockade of cattle and then the al thani family that the emir here might step in and get involved in that process maybe maybe not i think one. the very wise thing to do to try and reconcile not only with carter but all the gulf states they saudi arabia lost a great deal by almost dismantling the g.c.c. it was a very important block it would have presented them differently to the rest of the world there could have been you know brothers coming t

nasdaq just slightly below the flatline so making an attempt at the comeback we showed you that boeing rule of thumb, approximately seven dow points per dollar gets you more than a hundred points of net contribution from boeing one more name, morgan stanley upgraded to outperform at wells fargo. the investment firm will announce increases in its investment targets in january. >>> let's talk technicals and check back in with katie stockton founder and managing partner at fehr lead strategies did you think of yesterday was it positive in the end >> it was positive it's really the close that matters. when you look at the high/low range for the day, we saw that relatively strong close versus that high/low range. that tends to be indicative of the shakeout it always feels as bad as yesterday felt i would encourage folks to look back at the s&p chart and look at the april 2nd low which fell equally harrowing in the decline and subsequent recovery. we also saw yesterday a lot of gaps down especially oversea ifs you look at european stocks. those gaps down that occur after prolonged down moves

prices just barely above the flatline.rms of trade tensions, stock really plummeting in the past month or so. its ceo says there are levers to pull to mitigate the impact. one, guess what? rearranging our supply chain. they say one third is across europe and asia, and they can move it out of china. with skechers, the shoe company. 29%.is down by nearly ever since the start of this year, 50% of its revenue comes outside north america. they are looking moving capacity outside of china. they say they think they will be ok moving that processing capacity. but with that stock fall, a lot of investors clearly are worried. that is just some of the many and growing list of companies out there. >> let's stick with china. the country is responding to stock slump fight once again adding stimulus to markets. this time it is more of a drip feed than an opening of the floodgates. our chief correspondent joining us from hong kong. these measures are very different from what happened back in 2015. is it going to be enough to turn sentimen

until that visibility came through, we saw the multiples flatline in a way. that is where they are at the moment. mark zuckerberg is saying, give me a year to figure out these things beyond security. and hopefully those results in 2019.show up and that long-term expectation, we will have to wait to see how this idea of monetizing messaging, and how much it can scale. shery: thank you. the latest series of price swings in u.s. stocks, all major benchmarks ended with gains after a very volatile trading session. the dollar hit its highest since 2017, and treasuries fell. investors are still on edge. rallies. two 1% facebook could be a shot in the arm when we kickoff trading tomorrow. let's look at the snapshot, and notice as mentioned, the russell was the strength of the market. the crude humming back after falling to a two month low. the question since friday, and again monday and we broke through the friday lows, is cameron market stay above this blue line of correction? it did it today. rest of the week is the question . the big movers, tech and earnings with

lemonis: worldwide trailers brings in $4 million in revenue, but their profits have flatlined around0,000. from my experience in this industry, worldwide trailers should be making way more than 10% profit. i know there's a huge market for what tom and nancy make, and if i can grow this company as big as i know it can be, i stand to make millions. ♪ hi. i'm marcus. eva: i'm eva. lemonis: nice to meet you. what do you do here? eva: what everybody needs me to do. i'm the office assistant. lemonis: well, where will i find tom and nancy? eva: in the back. lemonis: she actually -- hold on a second, pause that for a minute. the conversation was much longer than that, by the way. amber: well, we had -- you know, we have to say a lot in 43 minutes. lemonis: i know, but there's moments where you cut out content that you just don't find interesting but that other people would learn from them. amber: do you remember back to what you learned that was so fantastic from her that you'd like to tell us? lemonis: no, i don't. amber: okay. so, you'd like to prove a point. you can't really prove it. lem

coming up to the flatline in the last hour before the close.ow action being generated on wall street. bcp's continue to remain in -- remain a concern. not great option today out of italy. two decent barrel others -- bill weathers producing a story today. remember, europe does not have a great deal of tech. and tech seems to be suffering a little bit on wall street right now. so it does seem like maybe europe is benefiting from that. but coming up into the close, one hour to go now. vonnie: ok, quick look at the vix index, because it is elevated, but nothing to really give out. good for those who like volatility. strongerollar index is as well, but not because of the mexican peso. that is weaker. the mexican peso under pressure since an airport deal was canceled after a referendum. and we have a weaker yuan, 6.9730. and global macro movers, you can see it is a patchwork quilt across the g20. up 2.8%. and look at the sovereign bonds, italy slower. 10 year yield higher. in italy, iting would seem, although i cannot see any reason for that right no

we're still fighting this battle if you look at the s&p 500 around the year-to-date flatline mark, we'rety of the lows two days ago. so this is, i think, the kind of cadence we're in, just like february or march of this year where you have these real quick rallies and they don't necessarily follow through and we have to figure out what the right levels are i was looking at banks and they popped yesterday and they're giving most of it back again. >> if you're trying to figure out whether this is just a correction from overvalued levels or something more ominous, a bear market, one place you'd look is economic numbers to see if they're turning. we got a great gdp report. 4% consumption growth is nothing to sneeze at and as mick mulvaney said, we couldn't get to 3% growth, they couldn't average this on this rate for 2018 because they've had strong numbers so the question is how does that filter to the market and the expectations around the federal reserve? >> and whether or not wealth effects out of stocks actually crimp that consumption number later on. >> and consumption seemed to be almo

like flatlining? kit: no. i think how deeply a global economic downturn is.e economic cycle is back, partially because of u.s. fiscal policy, partially because of u.s. trade policy, but globally, there is a cycle again, followed by a slowdown. they slowing.g are there signs you're looking at? if it is a slowdown, that is one thing, but a recession as a whole other ball game. kit: the same degree. excess borrowings we had in the last crisis. we don't have the inflation spike that central banks are going to have to tighten into a slowdown. has overink the fed tyson already, that they have not gotten very far. i cannot think of a good reason why we ought to a significant -- what we have a u.s. recession or a global recession? i cannot think of a good reason that we should, but i can think of even fewer reasons why things would get better from here. francine: i know you are a bloomberg terminal user, so you can interact with our viewers, kit. how much market value we have lost, that is the wide-out, more than $67 trillion have been erased from world market caps,

just to get the vector of the debt in the right how much, just show that the debt can be reduced or flatlinedt not in dollar terms or euro terms but relative to the size of the economy. the best thing for italy is stronger growth. that is a lesson we learned from greece. all the fiscal austerity and tighter fiscal policy and it weighs on growth. what italy needs is growth. tom: thank you very much, marc chandler. we have a chart coming up that will touch on italy and germany. coming up, an important speech from market moving press conference, the idea of a fed behind. jerome powell speaking in boston. our michael mckee is there. this is bloomberg. ♪ >> this is "bloomberg surveillance ." that is your "bloomberg business flash.". note.g on a high the north american beverage unit returns to growth in the latest beater and helps pepsi estimates. the maker of mountain dew and tostitos got a boost from frito-lay salty snack unit. for's a cut expectations profits because of currency headwinds. for this weeks aston martin ipo in london is narrowing toward the bottom and of the market. slow thisrings

we've seen an explosion in manufacturing, mining, many industries that were flatlined if not failing for a couple of years. as he has put an emphasis, vice president pence did when he was governor of indiana, on vocational and educational opportunities so that if you want to graduate high school and have a skill certificate and go support yourself the next day or the next month as a welder, mechanic, plumber, hair dresser, many people who i grew up with that wonderful careers and were able to support themselves without college and law school debt. you've been a republican for along time, right? kellyanne: sure. i'm just so not used to republicans endorsing industrial policy, because it is industrial policy. democrats embrace the word but -- butnt has embraced it president trump has embraced it wholeheartedly. you find it odd that it was a major shift? going back to the hidden trump voter, that was a big part of it. he comes the presidency these closed storefronts and these andtered factories, , the peopleump says who told me that i had the same job as my father and my grandfather and