and after all this foxconn still to this day has it manufactured. they stole some land from people who lived in mt pleasant wisconsin yes that's the name to clear the way for their factory they then constructed a few gigantic buildings like this one but that's where it ends they basically realize that it's not profitable to produce l.c.d. screens in wisconsin because guess what they can get chinese or indian workers to make them for like $0.10 an hour plus a coupon for some chicken broth you see anyone who even vaguely understands the global market economy which foxconn should know is that multinational companies always go where the labor is cheap they don't care about the humans remember that lesson from earlier take notes if you need to take notes get the pad to the pens over there and they don't care about the human buckets of malt they don't care about the countries because countries are made up of those humans they don't care about and therefore they will go wherever the people can be exploited the most and as much as the right wing which i inc

. >> thank you very much >>> you might remember the president back in 2018 struck a deal with foxconnpromised to turn wisconsin into a manufacturing powerhouse the verge is out with a piece this morning that looks at the culmination of a four-month investigation into the company which the president had once called the eighth wonder of the world. joining us no discuss the piece is the author. this looks like quite a reporting effort thousands of documents, multiple interviews, and the piece argues that the illusion was maintained by a sizable portion of the wisconsin gop. >> that is correct it's funny you mentioned that reporting, it's thousands of documents, months of work all to say an obvious thing, which is that there is no lcd factor in wisconsin. there was never a plan for one foxconn, trump, wisconsin gop struck that deal without a firm plan to actually build a factory. now three years later the building that is supposedly the factory has been permitted to be used as storage. >> to what degree did the pandemic alter the promise of the factory? if covid had never come along, woul

guest: i do not see foxconn having a dramatic impact. there have been so many things movehave not appeared to the election numbers fundamentally, and that includes the protest movement, the unrest in places like kenosha. the pandemic is complicating donald trump's reelection campaign, but again we have not seen the numbers move a lot. foxconn is an issue that will be important to some in southeastern wisconsin. it is a much touted planned project in southeastern wisconsin, originally under the previous governor, governor scott walker, and promoted also by president trump, that has not really panned out the way it was laid out and envisioned. so, there will be some people who are you know, unhappy about that. and who see it as a broken promise. of whether that moves a lot voters beyond a local area in southeastern wisconsin, i am not sure. host: caller from halifax, pennsylvania, supporting the president. caller: thank you for taking my call. i have three comments. donald trump was compared to george washington, when george washington fou

factory deal is off because the company isn't holding up their end of the bargain on the deal so foxconnwould have been eligible they're not going to have enough quality safety now as. they're. supposed to be like silk and actually. high but no soap box time was supposed to be eligible for these billions in subsidies or at least the 1st bit of it on the condition that they hired at least $520.00 full time employees that work there they claim that they hired $550.00 employees the state was like actually only $281.00 employees qualify for this and like the thing that's funny about it is even if they had held up their end of the bargain $3000000000.00 for like not even $600.00 jobs they're not job at all right and also when they 1st announced this i was like basically this is just saying that the u.s. has succeeded in cutting workers' rights to the point that the worst employers in the world now want to come here and yet that i've been ringing in december that i had to pay variable you know. that's incredible but i bet they're also backing out because i'm from straightforward china that's p

it is being reported foxconn buildings are now being used for storage. >> a lot of storage there. thank you, scott. it's 6:16 right now. customer satisfaction is down during the pandemic according to a special covid-19 related survey. amazon took the biggest hit. satisfaction down for supermarkets, specialty retail and discount retail stores. personal care stores are the only ones said to be keeping customers happy. >>> all right. listen up for this because you now have 66 days until christmas. and as holidays approach people are, of course, changing the way they shop. that means holiday hiring will look a lot different this year. the staff confirms people and the most in-demand who will did i jobs are warehouse associates like fork lift operators, customer service representatives, packers and retail truckloaders and unloaders. laura, it's time. lights, camera, action. if you're going to be in san francisco maybe you've seen the muni bus traveling out of control. take a look at this. >> yeah, you may be wondering what's going on. it's for a new marvel movie. stunts between the bay

and about foxconn it's one. bad 2nd in already has dozens of free internet terminals enabling local people to surf and make phone calls we're going to set his sights even higher however on fiber in the sky a fast internet connection via satellite. fiber in the sky is a fundamental fiber in a star is definitely an option but it avoids the need to dig up roots everywhere which is what prevents network expansion carol me of are providing the right band with your view of iraq to cables and laying 3 or 4 or 5 kilometers of cables that's extremely expensive in a hilly area with hard ground fiber in this car comes from above the sky come from everyone has their own direct receiver and high speed internet about a. coup in french guiana is the launch pad to the air bus and arianespace satellites they orbit the earth at an altitude of 36000 kilometers and always above the same point they serve primarily to transfer t.v. and radio broadcasts. the geostationary communications satellites are assembled into lose from. they wa

they tried to reward the state with a newfactory, a deal that has yet to materialize foxconn says itemains committed to the state and trump will tout the state of the state which has been strong economically wisconsin has an unemployment rate below the national average and strong wage gains. but also in focus, the lasting impact of the shooting of jacob blake, resulting unrest. will the anger from that and frustration from foxconn turn the trump voter back blue or perhaps just turn them away? or will an otherwise strong economy help keep trump on top kenosha just may decide it once again. >> brian sullivan, thank you very much. brian will have more from kenosha and the other counties that will play major roles in deciding the 2020 presidential election all throughout the course of the day and week only right here on cnbc. >>> coming up, one of the former kings of late night making a return to the small screen the tech titan teaming up with jon stewart, that is coming up we started goodrx in 2011 because too many people in the united states can't easily get to a doctor or afford the t

i want to go back to foxconn.here was a big thing, there is to be a big factory in your district, did that ever get built? rep. steil: i visited foxconn just the other day. those buildings are going up. work is getting started. what we are seeing is all along the broader area we are seeing in kenosha county and the southeast corner of the state's significant economic growth slowed down by coronavirus. i believe what i will see is jobs continuing to come back as we ultimately defeat this virus. we have cutting red tape or getting trade agreements that are positive, we have competitive tax rates. those are the kinds of policies in washington, d.c. we need to grow jobs in southeast wisconsin. we saw low unemployment rate environment. we saw the beginning of rising wages. people were optimistic before we got hit by coronavirus. i am optimistic that as we ultimately defeat this virus, we will continue to see job growth and wage growth in southeast wisconsin, which is positive, and i think that is showing the president'

as an example, foxconn and wisconsin, incredible company. makes a lot of the apple equipment and stuff. the iphones, the ipads. incredible company. they don't like the democratic governors. they don't want to spend the money. they don't like the possibility that sleepy joe could get in. they don't want to invest billions of dollars of having his policies. so, they pull back. if trump gets in, they will spend billions, and billions, and billions. they are probably using it too. billions of dollars. but we speak to them. they are unhappy with what they see with these democrats. wait until you see. different place. if we win, they will make an investment, the likes of which our country has rarely seen before. because all the choice between getting a safe vaccine or really a lockdown. you know, biden wants to lock it down. he wants to listen to dr. fauci. he wants to listen to dr. fauci. and don't forget dr. fauci, what he said is no, don't close. he's a nice man. wonderful man. saved thousands of lives. he admitted it two months later peer to c

the chairman known as foss link is the brother of foxconn.ading supplier. up plants in india. plenty more to come on daybreak asia. this is bloomberg. ♪ s is bloomberg. ♪ kathleen: breaking news from chile. chileans have voted in favor of drafting a new constitution. this was a landmark and whether or not to replace his 40-year-old constitution. why replace it? it was drafted under the time whenip and a there was intense rioting. people were killed in the streets and it was considered a pretty heavy duty dictatorship. time,has long passed that but perhaps a legacy they felt it was time to get rid of. chile holding a landmark vote on this new constitution. they're having their own social unrest right now going to vote yes. let's get to karina mitchell now with the first word headlines. karina: we will switch years to talk about the pandemic. global coronavirus numbers continue making headlines with the u.s. reporting record infections for the second day in a row. the white house saying the administration is not going to control the crisis. the

weapons grade gaslighting they're always horrifying deal with it back to the story it's the tale of foxconn in america this story has everything liars conmen bribed destruction of people's careers. thrown away. on a failure waste of money and broken dreams and if that's not the all american bedtime story i don't know what is your call fox.

back in 2017 wisconsin's legislature aagreed to provide foxconn with up to $2.8 billion in tax creptcility with the promise of creating 13,000 jobs. three years later and wisconsin says foxconn has failed to meet that criteria and will receive no tax credits unless it changes its strategy. but in response, in a statement from foxconn, the company says it is disappointed with the decision and claims to have reached, in fact, certain employment goals while investing $750 million in wisconsin. the company points out, foxconn, that it is already the largest taxpayer at its facility in mount pleasant, wisconsin, making $8.4 million in tax payments just at the end of last year and will make a bigger payment this year. clearly, they need to go back to the negotiating table, stu. stuart: i guess they do. all right, thanks, ashley. if you look at the markets right now, you've got a small loss for the dow and the s&p, modest gain -- half percentage point for the nasdaq. susan, are we close to record highs? >> we are within striking distance. just a few percentage points away. we know the dow s

you will see reports on that coming out of taiwan, companies like foxconn that make iphones.everyone stories written by our colleagues. tom: have you already ordered your iphone 12 blue? i have not. i have an iphone 11. i don't think i need one. my fiance has an iphone 12. tom: you cannot be seen in the bars of mayfair without that iphone. it just says alex webb. alex: thank goodness there is a lockdown. alex webb, really quite good on this. on the data front, it is a little bit of an improving take. we are monitoring the tape. it is correlating, not the angst of yesterday, but futures -32. -32.35. ard joins us in our next hour. please stay with us from london and new york. this is bloomberg. ♪ businesses today are looking to tomorrow. adapting. innovating. setting the course. but new ways of working demand a new type of network. one that's more than just fast. you need flexibility- to work from anywhere. and manage from everywhere. advanced technology. with serious security. and reliable coverage, nationwide. forward-thinking enterprises, deserve forward-thinking solutions.

the chairman of the company is the brother of foxconn technologies founder terry gross.le partners are setting up subsidiaries in india. amazon put in a court order that puts a temporary hold on the future -- sale to the alliance industry. arbitration in singapore is said to restrain future retail and its founders with the sale of assets. amazon claims they had a previous agreement. in the next hour, scotia bank joins us to talk about what to expect from china this week. and we will be speaking with christian pond about the u.s. this is bloomberg. ♪ - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands free. call right now. (upbeat music) ♪ >> good morning. i am paul in sydney. we are cu

guest: i do not see foxconn having a dramatic impact. have been so many things movehave not appeared to the election numbers fundamentally, and that includes the protest movement, the unrest in places like kenosha. the pandemic is complicating donald trump's reelection campaign, but again we have not seen the numbers move a lot. foxconn is an issue that will be important to some in southeastern wisconsin. it is a much touted planned project in southeastern wisconsin, originally under the previous governor, governor scott walker, and promoted also by president trump, that has not really panned out the way it was laid out and envisioned. so, there will be some people who are you know, unhappy about that. and who see it as a broken promise. of whether that moves a lot voters beyond a local area in southeastern wisconsin, i am not sure. host: caller from halifax, pennsylvania, supporting the president. caller: thank you for taking my call. i have three comments. donald trump was compared to george washington, when george washington fought fo

. >> wisconsin is denying billions in tax credits to the chinese company foxconn. >> and the atlanta looking for a fresh start after losing their first five games of the season they have fired the head coach, dan quinn, and general manager and defense coordinator raheem morris will take over for quinn on an interim basis. this is the worst start for the falcons since 1997 it was not pretty. that is the new update this hour seema, back to you >> thank you so. to the markets we turn we're starting the week with a big gain, the dow up more than 300 points, the s&p higher by 2% and the nasdaq right near session highs up more than 3% on track for its best days since august 29th. more on the tech rally coming up for now let's turn our attention to the oil market closing for the day. >> hi, seema oil prices falling as the supply concerns begin to ease wti is down more than 3% intermediate crude oil futures for the world benchmark, that's coming off their best weekly performance since june they're down nearly 3% the drop in prices come as u.s. producers begin restoring production after hurri

jonathan: that a senator lindsey graham, the senate judiciary chairman, speaking to foxconn news -- speakingx news over the weekend on the vacancy the republicans are looking to fill. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. -- looking to fill. alongside tom keene and lisa abramowicz, i'm jonathan ferro. alongside tom keene and lisa abramowicz, i'm jonathan ferro. good money to all. we are up 0.6%, near session highs. up 20 points on the s&p 500. we will say it again, for a fifth time. the bond market is closed for columbus day. a stronger dollar across the board. the chinese losing a little bit of tolerance for the strength we have seen over the last couple of weeks. 6.74 on the offshore. --: it will be fascinating again, news highs here on the spx. right now on the election and some of the oddities of this odd of0, we are joined out chatham house, out of wesleyan. thank you so much for joining us. i want to go inside baseball right now. it plays off of the vice presidential candidate for mr. biden. we have two senators from california, the el

foxconn is the great chinese company out of taiwan that makes a lot of apple products in mainland chinaa. there was a big news release about that. go to that and the last news release, it's basically empty. >> jim, you do have to say they've been picking our pocket for decades including on intellectual property. >> yeah. >> and finally at last there's been blowback to that. i have to ask you, because i'm limited on time, the most important question of all. is it too late? >> no, it's not too late. we've had other times in this country where we've come together to help people when they're in trouble, whether it was the pure food and struggle act. tax issues, security issues. look at medicare in the '60s. where would we be in this country today if we didn't have medicare in terms of older people? social security. all of those things were reflected bitterly when people thought that government shouldn't have a role in it. that shows you we can do it again. we just have to have the will to do it. the majority of people want it, so far, they've been blocked in congress. if that changes i can

wisconsin says it may not give those concessions because foxconn didn't build the factory it promised and is not employing as many people called for in the original deal. nowhere near it. >>> a big oil company took the unusual step to clarify something president trump said while campaigning in arizona. he said he could call anyone on wall street and ask for tens of millions of dollars in donations and that the ceos would say, yes, sir. and he used exxon as an example of a company he could tap for funds theoretically. exxon took the unusual step of making sure americans understood that was purely theoretical. just so we're clear, exxon says, it never happened. the president was trying to make the point he could ask for corporations' donations but that he would be beholden to them. i think he was also defending the fact he's significantly behind as far as fund-raising goes. >>> 5:15 this morning and apple launching a new music video streaming service called apple music tv. the free service is part of an apple tv app. some say it reminds of mtv back when they first started and only playe

i think you should look at us a little like apple and foxconn. make their own phones but they have a great overrating system a great phone and design we are focused on being a digital car company. it is a whole new customer experience i don't need to prove i can make a car better than toyota that's why together with magma which is the third largest supplier they know how to build cars. they build mercedes, toyota. they will build a high-quality car. you have seen how difficults it to get a car into production why should we go into the pain of getting the high quality and ramp up the first year that's a totally different business model than anybody else out there. >> i can understand why you want to compare yourself to tesla but others will see a comparison to nikola you've been around for a while not as though fisker -- you were founded in 2007. you had the car that didn't work at that point. what do you say to those who wonder if you are another nikola >> we have already built prototypes that we have shown. we have done amazing deal with magma w