i am francine lacqua in milan.testers in hong kong are marching for another day of unrest after the city was rocked on tuesday by the most serious clashes from widespread unrest. leading to a protester being shot by police with a live round. for more, are greater china government editor joins us. our people still shocked about what happened yesterday and what does it mean for the tone of the protests today? there is a bit of an edge hey over the city. it's hard to see the images we saw yesterday. we saw these cases between protesters and police. at the end of it, a protester being shot in the chest by live ammunition for the first time since unrest began. that is an escalation people had worried about but had not happened. but a protester fatality is something people have been worried about. while it is unlikely that this man will die, he is reported to be in stable condition, it still marks an escalation in the violence. that is something that could fuel protester anger, especially as one of their key demands is a

tom keene in new york, francine lacqua in helsinki. ll going on in europe? francine: this is a small open economy. you talk about trade and the economy, and i had a conversation with the governor of the bank in finland, who was down talking the division within the governing of the central bank and hinted it could hurt policy transmission. he was at pains to explain it pushing back against some of the formal central bankers saying the ecb was wrong because they could not see a spiral of deflation. he said the ecb has done the right thing and wants to make sure they continue to do the right thing. tom: moving towards december 12 and the first meeting with president lagarde. viviana: we begin with trade talks between the u.s. and china, they resumed today. deal, the partial u.s. may rule out a previously negotiated courtesy agreement with aging. the two sides have not had face-to-face talks since july. warplanes and artillery striking almost 200 targets. turkey wants to push back kurdish militants who control the area. considersgovernment

we continue in the next hour with francine lacqua and tom keene in washington, d.c.. g. ♪ ♪ nejra: the dup's doubts. -- francine: the dup's doubts. boris johnson's northern irish allies say they cannot support his brexit deal as it stands. is an extension now inevitable? a presidential meltdown. nancy pelosi accuses donald trump of hurling insults at her after lawmakers on both sides criticize his withdrawal from syria. no interest in negative rates. mark carney says it is not a policy option in the u.k. and things look pretty close to a global liquidity trap. good morning, everyone. good afternoon if you're are watching from asia. this is "bloomberg surveillance." i am francine from d.c. today. we are here for the imf world bank meeting. tom: good coffee. what do you want? francine: espressos. tom: you don't know the terrible coffee of our childhood. francine: instant coffee. i don't know what the fuel will be for a lot of the monetary policy leaders here. the big question is, what negative rates do for banks in europe and if it is time for fiscal policy to come and h

francine lacqua, frozen to -- frozen two, it is coming this winter. to have with us to give us an asian summary. bankoff imf, world meetings. meredith, i am going to give you an open question. what are you writing about right now on this trade war we are in? meredith: right now what we are how focusedut is markets are on this interim trade deal. likely to be sealed between president trump and xi. the real story is what happens post phase one of that trade negotiation which we think is going to be incredibly difficult . and not just on the tariffs front but increasingly as we have gotten to a point where some sort of agreement is made on purchases and the tariff escalation. tax.w gets to it is not just about tariffs. about whatlso really the imf chief referred to as a coupling of economies. it is about industrial tensions that are likely -- likely to continue to see a downward in trade and innovation between the world's largest economies. tom: how do we get back to a trade piece and a mutual understanding of the advantages of multilateral? meredith: ar

guy: goldman sachs international ceo speaking to bluebirds francine lacqua -- two bloombergs franciner. vonnie: coming up, it is our global battle of the charts. this is bloomberg. ♪ vonnie: it is time for our global battle of the charts. you can see the charts on bloomberg. just run the function gtv . in new york is alix steel. i think a guy and i are both talking about gold so this could be an epic battle. ism and the u.s., a big rollover. the white line is the equity to gold ratio. we just saw gold beat equities in the third quarter. as you can see, they pretty much track each other as the line goes down. you can see gold rallying as the line goes up. it means equities are rallying and gold is selling off. we have seen a tiny bit of that as gold reclaims the $1500 an ounce level. will we see are relating to what was on 2016 as the equities fall out of bed and gold skyrockets higher? that is when oil was at $26 a barrel in 2016. we get there again? i will break that down. you can check out my chart on bloomberg on gtv . vonnie: markets are behaving strangely lately. you neve

let's get back to francine lacqua and tom keene.ternational monetary fund meeting, the news flow is extraordinary. but with the acting managing director -- deputy -- i will get it right, sometimes acting, sometimes not, deputy director at the international monetary fund, any number of topics. we have to go into the research right now, it's the price of a nationals world ticket. is today's favorite subject. the news flow is extraordinary. how are you and the new managing director processing this international relations onslaught that we are seeing? >> one has to be pleased that two of the major uncertainties that we have are the united states and china saying they are making progress and in europe there is a proposal on brexit being considered. that's good news, seeing how each one plays out. but the gradual synchronized slowdown, it's important that we act to do something about that. coming fromve been around the uncertainty around that. brexit, geopolitical risk, living in a world of low interest rates probably means that there wil

francine lacqua sat down earlier with the ceo. been a difficult time, of course, for the bank. i would like to think our clients, because they really stuck with us. the sentiment is very strong. they like the bank, they stuck with it. i want to thank our staff. we asked him in switzerland in particular [indiscernible] switzerland has had to face a lot of questions from clients and they have handled them. our shareholders have been extremely robust. the share price is not the share price of a company in crisis. onto the events themselves. the people involved believed they were acting in the best interest of the company. who aree not people --ing to they are simple agents of the company who believe they are protecting the interest of the company. the action taken was inappropriate, there is no question about that, and disproportionate. i did not order rackley or indirectly this action -- directly or indirectly with this action. >> do you feel like you need to rebuild trust after this? ane: not from what i can see. there is a lot of

ok, thank you so much to francine lacqua. terrific interview with mark carney.of what he said was about said theaid that he news between the eu and u.k. was good news. at the same time, would not prejudge whether there would be increased rates in england. there was no division among the monetary policy committee over their approach if there is no deal. he says of course it drives currency and is volatile to emerging market currencies. pound isame but the just as volatile as emerging market currency. tosort this out, we turn stephanie flanders. great to have you here. tell us what you took away from what mark had to say. what did we learn? stephanie: he was having the pleasant job that he has not had in a while about being reassuring about the prospects for the u.k. certainly, he's been associated -- his critics have said he was always talking up project fear, talking about the risks of no deal brexit, the cost of brexit. he was actually here talking about how well-prepared they were for any eventuality, how flexible the u.k. economy was to respond to any change

francine lacqua and tom keene still in washington, d.c.omberg. ♪ d here, it all starts with a simple... hello! -hi! how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! [ camera clicking ] wifi up there? -ahhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your xfinity store today. ♪ nejra: francine: boris johnson, can he win over the parliament that defeated teresa may three times. hitting the brakes, china's economy grew at the slowest pace since 1992 as weak domestic demand and trade wars take a toll. new trump tariffs on e.u. goods take effect today. wines and whiskey, europe threatens to retaliate. early morning in d.c. good afternoon if you're watching from asia. this is bloomberg surveillance. yesterday we had a fantastic day, tom and i go onwards talking about tariffs and emerging markets and brexit with the governor. tom: that governor interview will be fasci

i am francine lacqua in london.k, goingin with wewo to a 5 billion dollar that package led by j.p. morgan. investors are being pitched on one of the riskiest debt offerings in recent years. it could include unsecured notes with an unusual hefty coupon of 15%. the other option, a controlling stake in the company to softbank. the ceo is being ousted as his flagship funds shut down and he is hiring blackrock advisors. theford does not support decision and liquidation is not in the interest of investors. theier this year he stunned financial world by freezing the flagship fund. unicredit may create a german holding company. the move could reduce funding .osts and shield the bank unicredit and the ecb declined to comment. it may announce details at investor day in december. facebook's currency partners signing paperwork to join the libra association. is already facing intense scrutiny from regulators. a host of original partners pulled the plug including visa, mastercard, and paypal. francine: thank you. an initial trade

francine lacqua caught up on a different note with the ceo of sportswear giant adidas. cine asked him what he sees as the biggest global risk to his business. what we are mostly concerned about his global trade war that can move into -- because is all global companies, if you start having a war on who can devalue currency the most. we are less concerned about issues between one country and another, but a currency war would have a devastating impact on the global economy. against swings? >> we hedge on input costs, but we cannot hedge on a revenue line. >> what does that mean for the possibility of recession getting closer? europe we are seeing in is the economy slowing down. believe ouree, we industry is better positioned than most because our price point, we have less exposed to recession. >> earlier this year you struggled getting products in the u.s.. >> we were in a situation where we have under capacity. more demand than we could manufacture. be a wayh quarter will and next year will be mobilized -- >> does the trade war make you think where you need to manufacture?

sun going in her eyes, a blind francine lacqua joins us. o down at noon? are you on the edge of helsinki? francine: 2:00. i'm kidding, 4:00. today is on focus the dark hours of renegotiation. we are not talking about renegotiation, but we're talking about a possible general election. there are two or three ways boris johnson could get it. there is a vote in the house of commons later today. tom: it will be interesting. it is the story that never ends. with first word news in new york city, here is viviana. leader: islamic state bug bounty was under surveillance -- baghdadi was under surveillance. president donald trump says bug bounty blew himself up. -- baghdadi blew himself up. spoke openly about coronation with russia and turkey. european union agreed to give the u.k. at three-month brexit delay to january 31. that will prolong the uncertainty for businesses and citizens, but also ends the risk of a damaging no deal exit this thursday. boris johnson is pushing his own plan to resolve the deadlock today house of commons notes on his call f

in london, francine lacqua as well. what an historic day for china. sition of images. francine: it's incredible, tom, when you think about what the celebration with the parade, the military parade means, and the protests in hong kong actually seemingly getting worse. it's a pretty tense national day if you're living in hong kong. we'll, of course, try to collaborate, everything we've heard in the last hoe minutes or so. we heard, of course, that a protester was hit in the chest live rounds fired by police in the city's northwest, according to the "south china morning post," but they cite an unnamed source, and we're still trying to verify the reported. tom: very well. let's get to news. >> north korea says this weekend it will resume nuclear talks with the u.s. the country's official news agency referring to the discussions as working level. during a meeting in june, kim jong un and president donald trump agreed to hold talks in a matter of weeks, but the two sides haven't met since then to discuss the details of a disarmament deal. and today, as franc

i am francine lacqua in london.rite your markets, focused on what is happening in the world economy. working off a couple signs that the global economy is losing momentum. we are also getting october area manufacturing pmi instead of the forecast of 46 pounds. it's all to do with the extension. we're hoping and waiting to hear from the eu. we are getting a couple of key decisions and we have the ecb a little bit later today. all eyes on mario draghi for his last news conference. bank -- norges bank leaving its key rate unchanged. shares are down 22.5% and we will have a full roundup of all of your stocks. coming up, we speak to the acting chief executive of air shuttle in about 10 minutes. but first, let's get straight to first word news in your city. agree theysadors should accept the eu's request for a third extension of the brexit process. splitey are reportedly over how long to grant the extension. the french are pushing for a tight deadline but many other countries want to permit the three months officially ask

francine lacqua is speaking with the chief executive of fidelity international, let's listen in. cine: we are focusing on the window, andrton that is the range of ideas considered acceptable in a the huge as disruptions, brexit, china trade wars and climate change. what do you see as the biggest shift? is it sustainability or technology? dr. richards: that is a tough one. traumatic start the day, i got the wrong coffee. we sort of that with a lovely espresso. and only this morning, one of my iphones was functioning after the upgrade. points without0 access to the internet. technology in the terms of how it is shifting the decision-making frameworks is very radical in terms of how we can adapt to things out there. demand and external what society expects from us as investors, there is a growing understanding that the shareholder supremacy is the model we have had ubiquitously since the 1970's is now not -- it is not what society expects of us, when you think of our collective power that we have by accumulating small pots of money to create a big pot of money. there are different st

tom keene in new york, francine lacqua in london. ow ireland and the united kingdom meet. francine: that tension is pretty high. there is an angry stalemate. as stephanie flanders was saying , yesterday was the realization after the phone call between angela merkel and boris johnson they cannot agree because they each have redlines they are sticking to. maybe we are unlikely to get a no deal, but probably will have an extension and elections. yesterday was the time we realized that. tom: with our first word news. viviana: china is signaling it wants to limit the damage from a trade war. china is still open to a partial agreement with the u.s. the financial times reporting china is offering to buy an extra $10 billion of american farm products. turkish troops have begun crossing into northeastern syria. their goal is to back kurdish forces away from the turkish border. but trump administration says he will not stand in their way. turkey views the kurds as a security threat. donald trump escalated the fight over impeachment with house d

bloomberg's francine lacqua. coming out, the food delivery business is consolidating.eal with delivery hero among the latest deals in europe. we will hear more about the sector and growth projections from the ceo of delivery hero. this is bloomberg. ♪ taylor: food delivery remains a tough market. front runners uber eats and u.k. remain profitable and we see consolidation with established giant takeaway.com and just eat preparing to merge. delivery hero is a key european player. they sold their germany business to takeaway.com earlier this year and are seeing customer growth in new markets across asia and the americas. bloomberg talked exclusively to the ceo of delivery hero on thursday to discuss the competitive space. niklas: winning market shares in every region against every competitor globally, we are on path to be the largest food platform by the end of the year. in germany, at the time we did less than 5000 orders in a company like taiwan. now eight months later we do three times as many orders as we did in germany back then. the investments we have been doing wi

francine lacqua is live at westminster. give us the lay of the land as we start trading this morning. francine: i have to say, you are absolutely right. you have to look at the currency. there's this renewed optimism after a lot of ministers say they will be able to pass this first, we don't know whether boris johnson will be eight able to push his deal once again through a vote in parliament. cow in the past has said no because this is the same deal. we could have various moments forcing the prime minister to ask for a referendum or forcing the u.k. to stay in the customs union. if it gets amended, word on the ground is that the prime minister will pull his deal, and what comes after that, we are not sure. we are waiting for the eu to say yes to the extension that the u.k. asked last saturday. alix: what is the probability that there will be some kind of extension? francine: it was interesting. the mood of the music last thursday at the eu brussels summit was first, the european commission president jean-claude juncker sayi

francine lacqua in london.e are getting data out of the euro area. services pmi is 51.6. anything above 50 means expansion, but it is a touch below estimates. at the stoxxok 600, for germany is close, so maybe a little less money out there to trade. brexitf folks will be on and boris johnson will tell parliament today. watch out for any reaction in the pound. , itou look at that paring has much to do with the dollar -- more to do with the dollar than economic data out of the eurozone. is big worry we've seen exactly what kind of economy we are looking at. coming up, more from the chicago fed president, but first, let's get straight to bloomberg news. donald trump is seizing on revelations the u.s. house intelligence committee chairman adam schiff met with the whistleblower, the person of the heart of the impeachment investigation. this invalidates the complaint about his controversial behavior. he alleges the democrat health right original plaintiff but did not divide any evidence. >> he should resign from offi

this is "bloomberg." ♪ withet: i am scarlet fu francine lacqua.enhorst, randy kroszner still with us. i want to go back to the big story of the day, which is china saying it wants to hold more talks before agreeing to sign anything with regard to that phase one trade deal that president trump talked up on ay afr got markets so excited over. in terms of what was actually agreed upon, let me get this straight. beijing will double farm good purchases debt to $50 billion in the two sides will take steps on the really intractable issues of ip, and u.s. will not move forward with raising tariffs october 15, although the december tariffs are still in the picture. who ends up winning or can both sides claim victory? >> in some ways, this is a victory for both sides. but a small victory. i think that is what we're trying to emphasize. it is certainly a marginal positive, but maybe if it has a more of the argent unless of the positive in the sense that these issues come agricultural purchases are a good example where the u.s. would like to sell agricultural

i am francine lacqua.ter: raising a 30 billion pound bid for the london stock exchange, move after there was conditional support from some key shareholders. a paper reports the deal would have to be raised between 90 to 100 pounds per share to be taken seriously. hkex wasal offer of rejected. the industry faces growing criticism of the environmental impact of packaging. they say they will reduce plastic by 100,000 tons annually and will also step up to achieve these goals at unilever. and hopes for a solution for the three week strike at general motors are fading as they asked for more investment in american factories and commitment. labor bosses say talks will have taken a turn for the worse. gm says they will negotiate in good faith and are committed to finding a solution to the strike. and that is your bloomberg business flash. francine? francine: let's talk more about trade. negotiators from the u.s. and china are prepared to restart talks, but we have heard that china is going into the talks with relu

bloomberg's francine lacqua spoke to the ceo. negative interest rates are not helpful to the banking sector. everyone can see that. it will have to change at some point. alix: joining us from zurich is francine lacqua. walk us through some of the highlights of the interview. francine: first of all, the numbers topline weren't bad at all, but if you double down and look at the detail, some investors were maybe a little disappointed on the margin when it comes to wealth. the global markets did extremely well. this was a problem for credit suisse in the past. you're seeing a bit of a muted reaction. share price was down 2.5% a short while ago because they are focusing on better-than-expected results in some divisions, but the guidance disappointed. the other big question i tried to press on was the spying scandal. a couple of weeks ago, he was exonerated after one of his employees left for another bank and was spied on. me basically he was not happy with what had happened, that he had not ordered this surveillance, but that the peop

nejra: that was francine lacqua with credit suisse ceo tidjane thiam.e bank revenue has fallen again. matt miller is in frankfurt and spoke to the ceo james von moltke. drop: about 60% of the year on year is the impact of decisions we made and announced in july, the exit of our equities business. another 20% reflects what we think are specific items that are transitory which the market tends to look through, and another 15% represents in our corporate and other segment the impact of interest rates, and if you like hedging effectiveness. the underlying performance of our core business is only down to low single digits in revenue terms, it's given we are executing a significant restructuring, we think is a sign of stability and success. do you expect that to be for 2022? james: we have been consistent that our focus is maintaining is our stable business, private bank, corporate bank, and asset management. and stabilizing and growing .evenues in the investment bank in the investment bank, down single digits, 3% year-over-year . we have seen growth in areas

cautioned negative rates are an unconventional tool that may eventually backfire, speaking to francine lacquahat uncertainty is biggest threat to growth right now. the trade is on a downward trend, and it is the lowest growth rate in financial cuts. in this sense, the turbulence in trade restrictions peak. kathleen: is that because -- francine: is that because of trade concerns? or is it just a downward trend? mr. visco: i think it is the uncertainty leading for both. the delayed investment and the direct effects in economies like china, which has clearly had a major impact, especially on the european exports. on the other hand, the seeingtical risk, we are the brexit trials as very cyclical. at the same time, we have the middle east, which is contributing to worsening our outlook. it is complicated. but it is the uncertainty having major effects. you see that in the pmi's. obviously, the main effect is manufacturing in germany. the risk is up. countries,to other especially on the side of the sector, something we are already starting to see. francine: markets are worried that central banks do

i'm francine lacqua. tom keene in new york.europe, there is a little bit more focus on earnings and what the fed will do next. tom: we will see the british story and the constitutional crisis continues. what i will focus on is a huge calendar ahead. fed day tomorrow. apple and the american jobs report. >> u.s. house democrats will try to nullify republican complaints in the impeach identical inquiry process is llegitimate. boris johnson won't give up. the prime minister losing a house of commons vote to call an early election in december. he tice again today with a one-line bill. johnson only needs a simple majority. the economic downturn in china now rolling into the fourth quarter. bloomberg economics crunching the early data. the chinese economy falling off for the sixth straight month. china is in the midst of the weakest pace of expansion in almost 30 years. in the third quarter, alphabet's earnings taking a hit. google runs a distant third in this market behind amazon and microsoft. lphabet expenses rising 25%. onbal news

tom keene and francine lacqua. with us are stephanie kelly and wolfgang munchau.and. of the the power scottish vote right now? interested to see if the conservatives will lose their seat in scotland. lots of interesting stuff going on. there is the double leaders in scotland who want to leave most of the e.u. and the u.k. people who be support the tories from brexit and then vote for independence in a referendum? that is a question i have. stephanie: i think the crucial thing in scotland is going to be how the conservative vote reacts to ruth davidson stepping down. she is credited with a lot of this success conservatives have had in scotland, and whether they can hold onto those seats will be challenging. francine: no deal could still happen. wolfgang: yes, it can. for no deal to happen, if the conservatives when a very when a small a small, it is -- win majority, there is the possibility the erg might vote against the withdrawal not able tout it is pass amendments to ask for brexit extension. there is a window in which neither can happen, and then we are bunchin

the trade war is one of the key things that james buller honed in on with francine lacqua and tom keene obviously, we can't do anything directly about trade but we do have our mandates to maintain high employment and low inflation. we are trying to do the best we can to take on board what is going on with the trade war and other risks with the global and u.s. economy and conduct a monetary policy that will help us meet our objectives as best we can. frankly, we certainly have a great labor market but the inflation side has been somewhat weak. we have been below target. inflation expectations remain below target. i would like to re-center inflation and inflation expectations back at our 2% target. >> what is your read on global growth and trade negotiations? we are seeing is day-to-day tit-for-tat, a normal part of any situation, that is what the game theory tells you is going to happen. we can't as policymakers be reacting day-to-day because that would create more uncertainty around trade and monetary policy. i think what we can do is take on board the idea that the 50, 75 year consensu

that was randi zuckerberg, the founder and ceo of zuckerberg media, speaking with bloomberg's francine lacquad, tim cook defends apple's decision to yank a police tracking app from the app store amid protests. this is bloomberg. ♪ taylor: apple has reversed course in hong kong, pulling the plug on an app that shows police activity. apple says it could endanger both police and people who live there. tim cook came out thursday to defend the decision saying the app was being used maliciously. with more, i want to bring in selina wang who joins me from beijing. what is the significance of apple pulling this from the app store? ina: this is a crowdsourcing app that allows you to see where protest and police activity is happening. interesting to see apple is reversing course yet again after saying it spoke to local authorities that say they were threatening public and police safety. creators have said there's no evidence of this and critics have scorched the company for saying that it is basically capitulating to china's man's at the expense of free speech. to be clear, this is not the first time a

francine lacqua is joined by olli rehn himself. >> good morning. i am delighted to be joined in finland by the governor of the bank of finland. thank you for giving me a little bit of your busy day. hasoup of central bankers issued a memorandum which criticizes ecb policy. do you agree or not agree with the bank -- agree? the debate is whether the threat of deflationary spiral -- >> they have the right to express their views. former fed chairs like ben bernanke and janet yellen offer monetary policy analysis. this memorandum of central bankers in europe, the main has been not there potential deflation. i do not number it -- i do not remember it. there was a clearer threat of deflationary spiral in the end of 2015, 2014. for instance, european economies weren't about that. -- warned about that. they took up and expanded asset purchase program to contain this deflationary spiral. successful inas the sense that it restored financial conditions in europe and supported growth, helped us avoid a deflationary spiral. decision,ent policy what does it actua

ceo withadidas' bloomberg's francine lacqua.g up, the auctioneer, macy and sons seeing a lot of younger buyers in the art world. a lot of art auctions in this part of the world, asian art is in focus. more on that next. this is bloomberg. ♪ rishaad: we are looking at india, the trading day just about an hour away. dubai.khanna is in the reserve bank might be a little important? ina: that will be the focal point in today's trade, as well and we will look at how the bond market react once the announcement is made. the expectation is a 25 basis point cut this morning but the equity markets, yesterday's session saw a drawdown all the way to levels about the 200 day moving average of 11,259. a pullback there was to about 11,300 but ended the day not at the lowest of the day. the drag was from the banks and today, they will also be a focus of attention. yesterday, a cut of a percent on the nifty bank. marke are approaching a for the index itself. private sector, big names will be in focus. the rupee market will be interesting to watch

the bank of finland's governor played down the report in an exclusive interview with francine lacqua.it has some effect on the policy impact. communication is such an important part of making monetary policy these days. but, at the same time, it is natural that there are different views and positions with regards to the economic outlook and also the monetary policy stance. i myself, a product of democratic culture and football play, and so i value team and communication. if you are divided, you tend to lose games. if you are united, you tend to score and win games. todayre was a story suggesting more division with mario draghi not listening to advice from the committee. what does that mean for markets -- how should markets interpret that? was greatly itself exaggerated and actually misunderstood in the sense that the monetary policy committee does preparatory work but certain sensitive issues such as isuming qe and purchases definitely for the governing council to decide. there is nothing extraordinary here. one of the world's most influential oil executives bob dudley recently announ

he sat down with francine lacqua to discuss the evolving role for females in the industry.million hours of video gets uploaded to youtube and that is one channel in one day. every day there is over a billion posts on facebook. who is listening to your content if everyone else is making their own? francine: will it go down or be oversaturated? i think there will be a layer of generation like in museums -- curation like in museums. people are looking for experts to tell them what to watch. the pendulum is almost shifting back again to the bigger need for expert voices in news and other areas, because people are bombarded by so much they want to be guided a little like you would curate a collection at a museum. i also think people want more high quality again, so it is wasresting because one i first starting on social media, it was how many eyeballs you could get on things, and the metrics are shifting back to engagement and depth. francine: well the next three years be critical on who survives and who doesn't? randi: absolutely, and companies will need share -- need to make s

we will have the mark carney interview with francine lacqua.ll take place at half past 5:00, london time. this is bloomberg. ♪ vonnie: breaking news. the president tweeting out that he just spoke to president erdogan. he says there was minor sniper fire that was quickly eliminated. he very much once the cease-fire to work. right now, the kurds want it and the ultimate solution to happen. too bad there wasn't this thinking earlier. it was always held together with artificial band-aids. there is goodwill on both sides and a good chance of success. the u.s. has secured the oil, and the isis fighters are double secured by the kurds in turkey." a third tweed on the subject. thatave just been notified europeans are willing to take the isis fighters that came from their nations, this is good news but should have been done after we captured their. anyway, big progress being made!!!" stronger bylira is about .8%. guy: time for one of our stocks of the hour. shares of beyond meat are falling 4% this morning and are down nine of the last 10 trading sessio

this is bloomberg "surveillance," live from new york, francine lacqua in london ready to jet to washingtonte of the united kingdom is about 10 or 20 votes of the dup in northern ireland. francine: 10 votes of the dup and the erg is the most brexit heavy faction of the conservatives. ar and borisradkl johnson met, there was optimism they would get a deal and it seems the problem is in westminster with the possible deal, for which we have the blueprints not making it through the house of commons. tom: it is a story influx, as are many others. mr. erdogan is still speaking to the assembled in turkey. here is viviana hurtado. viviana: the european union and u.k. are pessimistic about reaching a brexit deal. the big problem is the allies from northern ireland, the dup resisting plans from brussels. johnson will not give the green light unless he is sure the party will back it. turkey rejecting the trump administration's demand for a cease-fire, and erdogan turned .own talks he says he will not said at the same table with what he calls terrorist organizations. carrie lam is acknowledging the imp

goldman sachs' international ceo speaking exclusively to francine lacqua.told staff that job cuts are coming as soon as this month. people at a company meeting thursday tell us that cost-cutting efforts would include layoffs that would be handled as humanely as possible. we reported the parent company is considering job cuts that could affect around 2000 positions. the company had 12.5 thousand employees at the end of june. paul: costco fell in late trade after reporting courtly profit that fell short of estimates. domestic sales also slightly miss high expectations. sales excluding gas fell just short of projections by consensus metrics. one boost for investors was the growth of membership fees and renewal rates, which generate the bulk of costco's growth. has denied an app designed to monitor police activity. it is the mobile version of a site that the developer says helps users avoid potentially dangerous areas. apple says it was rejected from the app store because it "facilitates, enables, and encourages an activity that is not legal." have more lines c

she sat down with francine lacqua to discuss the evolution of content, the need for consolidation andllowing role for females in the industry. randi: 100 million hours of video uploaded just to youtube, and that is one channel on one day, and everyday there are a billion post on facebook. who out there is listening to your content if everyone else is constantly making your content? francine: in five or 10 years, what will we be looking at? randi: i think there will be a layer of curation like museums. i think there will just be exhaustion and now people are looking for experts to tell them what to watch. i think the pendulum is almost shifting back again to the bigger need for expert voices in news, and different areas because people are bombarded by so much that they want to be guided a little, like you would curate the collection at the museum. but i also think people want more high-quality content again. it is interesting because when i was for starting and social media, it was about how many eyeballs you could get on things and now i think it is the metrics, they are shifting back

this is bloomberg surveillance, i am francine lacqua.t the forefront and what everyone wants to know about the strength of the u.s. economy. >> it is way more important than normal. it will be extraordinary to get the data. the data will last three or four days. it will really signal this is a key jobs report. francine: we will have plenty more on that. let's get over to bloomberg news. viviana: in the first time in more than a half-century, hong ,ong invoking colonial powers banding facemasks for protesters, making it easier for police to identify them. >> it is not an easy decision to legislate, to ban masks. but given the current situation, this is necessary. viviana: it was said that violence is destroying hong kong. , headline for boris johnson has one week to revise his brexit deal. if not, johnson faces a humiliating postponement. steelwere signs johnson might finally make it through british parliament. another development in the admitted -- in the impeachment inquiry into donald trump. house democrats release documents that showe

francine lacqua frozen yesterday.w york city with our first word news, here is viviana hurtado. saying --onald trump william taylor testifying behind closed doors on capitol hill, saying the white house threatened to withdraw military aid unless the ukraine announced investigations for the president's political benefit. president trump has been privately flooding the names of replacements for acting white house chief of staff mick mulvaney. among them, kellyanne conway and steven mnuchin. mulvaney has fallen out of favor with some of the president's allies because of high-profile stumbles in dealing with the impeachment. malaysia looking to settle its case with goldman sachs in the -- $700ndal, to pay one billion. negotiators may settle for $200 billion. malaysia is trying to recoup money from the plundered fund. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am viviana hurtado. this is bloomberg. nejra: russia and turkey have

anna: that was olli rehn speaking to francine lacqua this morning.twell, managing director, head of rates strategy, mizuho international is still with us. a really interesting question there, and it raises questions about what christine lagarde needs to do when she arrives to at a handle on this group policy makers. does she need an urgent policy review? peter: i think for sure she needs to take into account all financial actors, not just whether it is correct or desirable to make refinancing rates lower for corporate, and the rate at which banks will lend credit, keeping that low. but what impact does monetary policy have on banks? also on the longer end of the curve, what impact does it have on pension funds? positive is it not as to keep borrowing cost low for corporate's as it was at the start of this qe experiment? peter: keeping borrowing costs a stimulative thing as long as it does not turn them into zombie companies. keeping those alive. the lesson from what we have seen in the u.s. is that can happen quickly. then you get u.s. corporate bala

i am francine lacqua in london.

tom keene and francine lacqua. i am headed to radio. in the london area, tune in on london dab.good morning. sirius xm, channel 119. ♪ >> boris johnson's deal will be tested by u.k. lawmakers, but will he find enough support? ubs pulls and $16 billion from rich clients and assets it's a record. it has been a solid quarter. companies funding runs drive for wework. welcome to surveillance, i am

talked of a company about his trade concerns with francine lacqua. mostly we concerned about is a global trade war that could move into companiesr, because trade in global currencies. if you have a war on who can devalue your currency the most, that will be useful. would havewar devastating impact on the global economy. not just our company, but all global companies would suffer. that is the thing i worry about the most. francine: can you hedge? : we can hedge on input costs. francine: what does it mean about a possible recession getting closer? kasper: we have seen that in europe for a number of years that the economy is slowing down. we are less concerned about asia, but what we do see, we believe in our industry is in a better position. tohave less exposed recession. we believe our products do relatively better under recession than other products. francine: earlier this year, you struggled to get products into the u.s. is that fixed now? francine: we --kasper: we were under a situation where we had more capacity for products. the third quarter wil