let's stay on this story foxconn disputing reports that 20,000 of the staff at the facility have beenith covid this after the videos emerged showing workers fleeing from the facility over concerns of the virus and strict lockdown measures taking place. eunice yoon is live from beijing with more on this. eu eunice >> reporter: dom, foxconn gave an interview to the media to pledge to improve life under covid curb in the article, they said meals and other services would be much better the big complaint of the workers on social media has been the quality of the food. the canteen will resume by november 1st medical care and transport port would be provided to the infected that was another big issue we were seeing among workers. finally, they would offer bonuses to stay up to 14 u.s. dollars per day. could be more. the concern is to make sure there were enough workers on the campuses because this is a very heavy time when there's a lot of production heading into the christmas season foxconn said before they are coordinating with other factories in order to make sure production isn't affecte

left inside this a video of workers streaming out of the foxconn iphone plant in china.does this mean for iphone production? ashley: well, production of apple iphones could slump as much as 30% next month month and foxconn facilities is one of the biggest factors of covid measures being enforced by the chinese authorities and reports say foxconn is working to try and ramp up production at other factories and it's been hit with discontent over these stringent covid measures to stop the spread and as we've seen from the video, workers fleeing the site over the weekend were out of here. we don't want to be trapped and foxconn is the biggest iphone maker and producing 70% of shipments globally and any interruption at this time of year will have a big impact on year end holiday season. apple has yet to comment on the situation. stu. stu: and the stock is down 1.5%. that's interesting too. ashley, thanks a lot. now this, fentanyl is one of the leading causes of death for teens and young adults in california and schools are stocking up on anti-overdose medication. it's come to

eunice, let's start with the foxconn plant, as it denies reports of 20,000 covid cases there, and people fleeing the premises >> absolutely. that taiwan company has been in full-on damage control, because they've been denying that report as you mentioned, and also say the production won't be affected the company had also told the local media today, renewing their pledges they would improve the lives of the workers ought that factory in central china. that's the one people say is right smack in the middle of iphone city. new measures to make sure that workers are sick or suspected of big ill broadband cared for, so that they can be taken, and they handled well, offering new bonuses for none who decided to stay to the attitude of about $14 a day, which is a big amount there. this all comes after we've been seeing all weekend videos emerging foxconn worker trying to get out of the facilities, walking by foot, over fields, going a very long way to try to reach their homes, again, to escape the covid restrictions brought on by a persistent outbreak no city. >> the foxconn plant supplies apple

foxconn said the situation is coming under control and coordinate back-up production to reduce impact. foxconn denying a report that 20,000 of the staff at the chinese production facility had been diagnosed with covid. video emerging over the weekend showing workers fleeing from the facility over the concerns of the virus and strict lockdown measures we will have a live report from eunice yoon who is in beijing. that will be in the next hour. >>> elon musk, ithe new owner of twitter tweeted a conspiracy on the attack on the house speaker nancy pelosi that tweet has since been d del deleted. that linked to the story of the santa monica observer which has a history of publishing false information. the claim that was hillary clinton died in the september 11 attacks and replaced by a body double it makes unfounded accusations that conflict with the san francisco police department. of course, that is the beginning of things we saw over the weekend from musk. >> a lot to chew on with musk. >>> separately, elon musk denying the report he is planning to layoff employees prior to november 1st

hundreds of thousands of workers work at the foxconn plant. in the democratic republic of congo, 11 people were killed in a stampede at a concert by musician fally ipupa in a kinshasa stadium. the interior minister blamed the organizers for the deaths, saying the massive stadium was packed beyond capacity. back in the united states, new york city will pay $26 million to settle lawsuits on behalf of two men who were exonerated in the 1965 assassination of malcolm x. last year, a judge tossed out convictions against muhammad aziz and khalil islam after finding serious miscarriages of justice. an investigation by the manhattan d.a.'s office and the innocence project found that prosecutors, the fbi, and the new york police department omitted key evidence around the murder. khalil islam died in 2009 but his family filed the suit on his behalf. aziz spent two decades in prison before being released on parole. the state of new york will also pay a settment of 0 million. ilyasah shabazz, one of malcolm x's daughters, spoke to democracy now! earlier th

now foxconn denying these reports saying that production is stable, iphone production is stable.er reports now say that foxconn is actively shifting production to other facilities across china, to buffer possibly a production loss at that specific plant. now, remember, i spoke to apple ceo tim cook last week on earnings asking him specifically about china and if apple was impacted by any of the zero covid policies and cook told me that for q 4 we had no significant impact for covid or silicon shortages in china. in fact china actually saw sales jump against a tough compare from last year. also want to note that shanghai disneyland, you got to feel sorry for those visitors, right, neil? they were trapped in the park until they showed a negative covid test even the shanghai government confirmed no in or out of shanghai disneyland. remember they did this last year in november, as well. 30,000 locked in doors but at least you're in the happiest place on earth, right? neil: yeah but what if you're stuck in the haunted house at the time? >> tower of terror? neil: that be dicey. >> i'd

what is foxconn doing to get around this?cting supply at all -- is it impacting supply at all? >> what is happening is they are raising wages by almost a third and they are also trying to get back capacity elsewhere online to make sure that the supply will be minimized. -- the impact on supply will be minimized. the weakening demand, apple is canceling orders for new iphones this year. this is an economic headwinds on one hand and also giving the number of workers required, it is not as many. i think it is we need more time to figure out what is the impact of the covid incident in central china. emily: talk about how this fits into the president xi jinping has been handling covid more recently against the backdrop of what has have been happening with the chinese communist party? >> after the party congress originally, people were expecting that there may be indications that china can come over covid and focus on economic growth. that is not happening. for instance, in hunan, where the foxconn iphone campus is located in the l

foxconn has raise pay by as much as 36% and hopes to keep production going ahead of the holidays.n musk repairing for a round of job cuts at twitter. bloomberg has learned that the company's new owner has a list of team members that could be let go. reports are that he lands to get rid of twitter's -- 75% of twitter's 7500 employees. alix: coming up, and u.s. cargo grows. help labor talks with west coast dock workers will be affecting the holiday season. amazon did not kings -- seem so positive on the holiday season. gene seroka joins us next. this is bloomberg. ♪ alix: we are about an hour into the trading session. down around the lows. weaker than expected chicago pmi. abigail: stocks lower after two backup weeks in a row. we have bonds selling off but yields are higher. that is pressuring stocks ahead of the fed meeting. we also have oil down 1%. that is another risk asset. you could make the case that is a good thing for stocks because it takes away inflationary pressure. on the other hand, you have another risk asset trading lower. it has been a good month for stocks, for the

. >> the ukrainian ambassador to the united states, foxconn, copper -- in ukraine and how it might impact u.s. interest. hosted by the u.s. chamber of commerce. you can also watch on our free mobile video app c-span now or online at c-span.org. >> c-span is your unfiltered view of a government --. we are funded by these television companies and more including micco. ♪ ♪ >> micco supports c-span as a

china, when i spoke to tim cook on friday, was, obvious, pre the foxconn.e reminded me they have many different sources. doesn't mean people can raise price. people gives a lot of people 14s, verizon frantically -- verizon numbers were really horrible last week >> just changing course for a minute, as you mentioned t-mobile quite strong. at&t had a very good quarter and verizon -- and it's reflected in the stock price verizon is down 28% for the year as we pointed out many times t-mobile, with its 30% increase is far and away the leader in terms of market capsize, and at&t is flat on the year, which is a great performance, given the s&p. >> now, apple, let's just go over -- i spoke to tim cook on friday before the quarter. one, he said, if you try to make any sort of judgment based on suppliers, you do not understand how we work, which i think would even be that and the second is, that was the one that delivered a great quarter. the trading after where the stock was down had to do with bad reportage, people who literally looked at the stock and then said, i

the s&p, probably the most influence for any single stock, it lifts up the broader market -- but foxconnthey're pointing to a strong fourth quarter holiday shopping period, cautiously positive. so extrapolate what that means, apple iphone 14 sales could be positive as well heading into the shipping period. stuart: that was a fantastic corporate performance, to switch iphone production so rapidly -- susan: hard to do. stuart: -- and still maintaining quality -- susan: and foxconn is also the same contract assembler that's building up operations in india as well. stuart: yeah. one last one, nvidia. i know they're exiting russia. susan: that's right. they're saying that the ukraine uncertainty, of course, makes it very hard to do business in the region. but also important to note that there has been no impact, you know, from the fact that the u.s. government is telling nvidia, other chipmakers to stop exporting some of these high technology chips that are using facial recognition and artificial intelligence to china. the stock is at 130. i think at the peak it was closer to 300. stoort suit

>> the ukrainian ambassador to the united states, foxconn, copper -- in ukraine and how it might impact u.s. interest. hosted by the u.s. chamber of commerce. you can also watch on our free mobile video app c-span now or online at c-span.org. >> c-span is your unfiltered view of a government --. we are funded by these television companies and more including micco. ♪ ♪ >> micco supports c-span as a public service along with these other television providers giving you a front row seat to democracy. -- our-- -- host: you can start calling in now as we take you to the steps of the supreme court not far from our building and we are joined by kimberly robinson. good morning to you and thanks for joining us on a rainy morning from capitol hill. >> thanks for having me. >> walk us through what happens on the opening day of a new term. is there some extra pomp and circumstance to start a new term or do they get right to the cases? guest: we will be hearing and having a order list at 9:30. this is the mother of all or lists and we expect to hear from new cases that the court will add to. at 10:00

video shared online shows workers from the foxconn factory compound travelling away on foot.rictions across many areas in recent months. lets go to our asia business correspondent katie silver from singapore. what is going on? they are uuite what is going on? they are quite some _ what is going on? they are quite some scenes. - what is going on? they are quite some scenes. we - what is going on? they are. quite some scenes. we have what is going on? they are - quite some scenes. we have seen videos of peoplejumping quite some scenes. we have seen videos of people jumping the fenceis videos of people jumping the fence is after being told to knock down. 200,000 workers at the plant. the company says it was not going to stop workers from believing but what it did, about ten days ago, it stop them from communally dining so many workers were forced to eat in their dorm rooms. some workers have told level media there was chaos in the dorms, to stop people escaping. the company says it will allow employees to return home. it is a big apple supply and the company says it is going to

video from a foxconn plant in china shows workers streaming out thousands of new covid cases reporteding out before they're locked in. covid front and center in china. it's a crisis. that is "my take." it affects us over here. that is next. ♪. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire some things are good to know. like, where to find the cheapest gas in town. and which supermarket gives you the most bang for your buck. something else that's good to know? if you have medicare and medicaid, you may be able to get more healthcare benefits through a humana medicare advantage dual-eligible special needs plan. call now and speak to a licensed humana sales agent to see if you qualify. depending on the plan you choose, you could have your doctor, hospital, and prescription drug coverage in one convenient plan. from humana, a company with over 60 years of experience in the healthcare industry. you'll have lots of

but then lordstown started blooming with thousands of jobs again with companies like foxconn and theteries and vehicles and a tj maxx home goods distribution center. >> this place was available and they purchased and here we are. >> reporter: this was once a plant that built seats for gm. now it's m and m industries a plastic manufacturer that opened a year we have 11 machines. our goal is 16 machines and 110 employees. >> reporter: and where are these employees coming from? >> all local. >> reporter: but despite the local economy on the rebound with new jobs and rising wages, ohioans in this area don't feel the same about the overall economy. how would you describe the state of the economy right now? >> i would say it's bad. gas prices are through the roof. cost of living is ridiculous. >> i think it's horrible. inflation is number-one thing in our house. costs a lot to feed four teenagers. >> reporter: and roughly nine in ten voters in the u.s. say the economy and inflation still running hot at 8.2% are extremely or very important to their vote in this year's midterm elections. >>

the largest plant, the foxconn factory, it's experiencing the covid outbreak.actly that means, we do not know, but there's a lot of covid cases at that plant. apple reports tomorrow. said heir one of the best positioned names in alternative energy, strong or earnings, big demand for solar and battery systems pushed them to record revenue. stuart: one single report from, okay, a reputable operation, gets you 13% up. lauren: but they also reported better than expected earnings. first came the earnings. stuart: okay. we're back to looking at the cruise lines, specifically carnival which is up again. lauren: i couldn't help myself. it's a nice gain. and the news is it's the like pretty much bang to normal. you don't have to test, you don't need to be vaccinated, almost completely back to the way it was before covid. stuart: so it is your choice as to which stocks we consider to be movers. lauren: it's all of our choice. stuart: you make all these calls? lauren: i will say it come out of my mouth so, therefore, yes. [laughter] but two of your producers suggested car

foxconn says it is cautiously positive on the fourth quarter outlook despite debate over a difficulthe taiwanese company set a monthly sales record, bringing in nearly 26 billion u. s. dollars in september. revenue is up 40% from last year and 83% higher than august. industry analysts say the peak and revenue came a supply chain issues relaxed. and demand increased for the new, higher priced iphone, 14 pro and pro max hidden valley ranch has released its first home collection. nothing to eat. the collection includes wallpaper, placemats, table cloths and shower curtains. take a look feature bright colors and designs, and apparently, the new collection is very popular. we just checked the website. the entire home collection is sold out right now, and here's some other good news. free samples are back at some trader joe's after more than two years during the pandemic shoppers yes, i know that would get your attention. shoppers posted videos and photos on social media over the weekend. the food demos return to some locations on saturday. they are not expected to relaunch it. every store

like, i was out at the general motors plant now owned by foxconn.r, an electric tractor used for farming, for vineyards, for specialty crops and i met a guy who lost his job at a place called denman tire about 15 years ago or so. he's now working for foxconn. he was so excited. he has such a good job. knows he'll have security. we're seeing now, 1,5 hadn't jobs at the battery plant. seeing the chips act leading to $100 billion investment in ohio. it's going to take about 7,000 union construction workers to build that thing, and then 5,000 for the next ten years. like, our union construction guys between natural gas, the infrastructure bill and these new projects, people are going back to work. people have good paying jobs and we just got to keep it going. thiv them a tax doubt absorb the inflation, because these construction guys are still driving. they're paying $3.85, whatever the gas may be. we still got to put money in their pocket in the short term but jobs are coming and they're jobs of the future this has been my plan for 20 years on how do w

now they are targeting foxconn group.f led to these protests with people fleeing the factory. now you have the possibility of iphone manufacturing going to other places in china. it highlights the data. china is still very much in a pandemic. the rest of the world seems to have moved on. jonathan: this came out overnight. 48 point seven on nonmanufacturing. not just china, but europe and the 40's. we think about the three ligand school -- tools -- three ligand stool that is the economy. you've got the euro zone in the 40's. things aren't looking great. lisa: china cannot be the engine of growth that it once was because of these disruptions. what does the world look like with a china of sub 5% growth? this is something factored into the long-term view. i'm looking at some of the commodity spaces. bp will have earnings this week. because of those china numbers, that's a big thing. did you know that gold is poised for its longest losing streak going back to the 1960's? this is fascinating. to me, it's just striking at a time