i'm francine lacqua, here in london.et's get to the bloomberg first word news with leigh-ann gerrans. theh-ann: globally confirmed number of coronavirus deaths has hit one million, but warning the real death toll may be twice as many. developed and emerging economies are struggling to contain the pandemic almost 10 months after it first emerged. million more people are respected to be living in poverty in 2020. speaker nancy pelosi says the white house will have to agree to much more spending to secure a fresh round of stimulus. the comments come as democrats release a scaled-back plan of $2.2 trillion of support. discussions between pelosi and treasury secretary steven mnuchin are ongoing. the european central bank says it is ready to deploy more monetary support if needed, addressing lawmakers in the european parliament. president christine lagarde warned the recovery is uncertain and incomplete. consumers are cautious to spend and companies are reluctant to invest. global news 24 hours a day, on air and at bloomberg q

i am francine lacqua in london.o the first word news. >> in the u.s., joe biden visited wisconsin news today and to draw on expensive contrast with donald trump to visit days earlier. biden had a phone conversation with jacob lake, the black man shot by police and promised sweeping changes if elected in november. he said the nation is ready to justice.ress on racial chancellor angela merkel is facing pressure to drop support for the controversial gas pipeline, nord stream as tensions are rising between berlin and moscow. dismissed calls to emotional.tream 2 as friends judg has -- france has extended its furlough 2021.m until the finance minister said the government is ready to spend more than 100 billion euro. the message, if the crisis gets worse and they need to do more, they will. global news, 24 hours a day, on air and @quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am the end errands. , this is guerins bloomberg. francine: yesterday we saw the s&p fall 3

i'm francine lacqua, here in london.get straight to bloomberg business flash. he is -- here is leigh-ann gerrans. owner is: tiktok appealing to president prompt -- trump from -- from banning the video app. who will own what in the new global tiktok is still a contentious issue. italy expects debt to rise to about 160% of gdp by the end of the year. sources told bloomberg of the new provisional figures which also show the economy expanding 6% in 2021. finance minister roberto kull terry says he will likely present the autumn budget update and that will be next week. over in the u.s. no murder charges in the fatal shooting of breonna taylor. a kentucky grand jury chose not to file indictments against any of the police officers involved. a single officer was charged with wanton endangerment for firing into neighboring apartments. the decision has sparked outrage and renewed violence. at least two police officers have been shot. global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journali

i'm francine lacqua in london. u.s. stocks are closed today. on whene things going it comes to european stocks and when we look at the u.k. assets on the back of what we heard about brexit. european stocks are climbing. analysts are speculating the market could be rosie and -- resilient. on concernsakened the u.k. is inching closer to a no deal brexit. we are looking at dollar-euro 1.1837. let's get to the first word news. >> india's overtaken brazil as the country with the second most cases of coronavirus. confirmed more than four point 2 million infections. it is also the third worst country in terms of deaths. more than 71,000 have died in india. protests have flared up on the streets of hong kong, leading to hundreds of arrests. thevists marched through area and blocked the streets with barricades. the aim was to protest hong kong's delayed election, which was scheduled to take place on sunday but has been pushed back a year due to the coronavirus pandemic. a periodstrations and of relative calm since the imple

i'm francine lacqua in london. tom keene is in new york. a lot of news for monday money. tom: huge news flow. francine: -- there is a lot of news for monday morning. tom: huge news flow. francine: i'm very focused on the swiss bank. both banks have not talked about it yet, but huge news should it come to fruition. tom: it

i'm francine lacqua here in london. we are getting some breaking news out of the u.s.. this is president trump, according to bloomberg sources, putting up to $100 million of his own cash into the presidential race. this is what the markets are looking at. if you look at euro-dollar, there is a bit of movement on euro-dollar, but also pound. european stocks are sliding, led by technology stocks. oil dropping 28 two month low -- to a two month low. there is concerns that president donald trump has been stoking these tensions with china and germany. we are seeing construction companies, mining companies leading losses across the stoxx europe 600. let's get straight to the bloomberg first word news. >> good morning. let's start in the u.k., where the chief brexit negotiator has called for realism from the eu ahead of the latest round of trade talks today. hean emailed statement, warned britain must be treated as an independent country if progress is to be made. both sides are seeking to settle outstanding issues before a su

i am francine lacqua here in london.ust quickly, we had today breaking news that germany has instance ofs first in a while board. it is a disease that could spread to pigs, and that means that industry would be in a real difficulty, if they can't export them. we will talk more about that. it is the trade story throughout the day. let's go straight to the bloomberg business flash in london. here's leigh-ann gerrans. hi, leigh-ann. leigh-ann: hi, francine. pulling out of the deal to buy tiffany, france's richest man was directly involved in the decision to call off the $16 billion purchase. accused lvmh of trying to leverage protests against police brutality the covid-19 pandemic to seek a lower price. lvmh has formally does the -- denied exerting any kind of pressure, and the french government requested a does -- a delay for reasons related to trade disputes with the u.s. foundts at schaeffler more issues for the auto recovery. more than 5% of its workforce is laid off, and it is closing down or selling off several plants

i'm francine lacqua in london.g headlines from the vice president of the european central bank saying they are watching the euro closely, and he says the inflation outlook will determine ecb policy, not the level of the euro. this is one of the concerns the market has, that at the last press conference madame lagarde was not as forceful in saying be athe euro could concern. let's get to the bloomberg business with leigh-ann gerrans. leigh-ann: european car sales plunged by nearly a fifth in august, dashing hopes of a recovery, suggesting the market could remain depressed until the end of the year. the results snap a three-month streak of easing declines. 3.7% in july from a year earlier. on beatty a says it is selling french chain a maker, closing the deal earlier than expected. the new terms are reduced on firme -- on a -- the shares rose on the news. rolls-royce is continuing to bolster its coffers after the pandemic slump in aviation revenue. the u.k. maker of wide-body debt or may issue a new equity. it has bee

i'm francine lacqua in london. tom is off for labor day. for every american watching, happy labor day and we hope you have a good day off. working on we are bloomberg surveillance to bring you up-to-date -- politics and some of the asset classes. let's get to bloomberg first word news with leigh-ann gerrans in london. leigh-ann: a new poll shows joe biden has a double-digit lead over president donald trump, according to the cbs news survey. the democratic nominee holds a 52% to 42% advantage. support for each candidate is getting more solid as voting day approaches. meanwhile, the survey also says that biden has a six percentage point lead in a battle ground state with confidence. in hong kong, protests have resumed after police arrest hundreds of people. among other things, demonstrators were protesting the decision to delay legislative council elections for a year because of coronavirus. world's newcome the coronavirus epicenter, and it has surpassed brazil as the second worst hit country. cases forrted 90,000 th

francine lacqua and tom. futures, -10., after this most odd summer of 2020, to look forward on what has mattered to the summer; digital dominance. absolutely no one better to do by,, ok, if bezos wandered we would talk to him, but david kirkpatrick, we are thrilled to talk to you about the big picture forward. do you extrapolate excellence out into the future? general?e companies in tom: yeah. do more orsolutely less for the indefinite future. one of the things interesting about the pandemic is that while we would have expected, i don't think we knew what to expect but these companies, almost without exception, have cemented dominance further during this and one of the more interesting aspects of that is that it has happened on the consumer and the enterprise side. both consumers have found themselves more glued to facebook/google, being at home, the internet is their lifeline but companies have found, oh my gosh, the only way i can connect with my customer, whether it is cto b customers or b to customers, is digitally. th

i'm francine lacqua.traders rushing to buy the dip, the nasdaq has notched up his best in creek -- in checking $1.5 trillion in the space and just eight days. -- leverage products risk wei li from blackrock, what can you tell us about these types of investments? wei: i think it is important to look at the inflows in the context of the broader picture as well, so the inflows into the leveraged tech exposure, but outflows -- we make the observation that over interest for nasdaq futures is at a four-year high. so it very much reflects the very positive sentiment out there for the technology sector. moreologies making up for than almost half of the overall sector inflow, so it is a very popular sector, and investors are using a wide range of tools to get exposure to that. having said that, inflows -- it is also quite choppy, inflows, outflows. qqq, the u.s. asset etf, saw the theest weekly outflow in -- second-biggest come actually, in 21 years of history. we are talking about a lot of two-way activities, ver

i'm francine lacqua, here in london. get to the bloomberg first word news with leigh-ann gerrans. leigh-ann: europe has overtaken the u.s. in terms of new coronavirus infections. the e.u., norway, iceland, liechtenstein reported more than 27,000 cases wednesday compared to just over 26,000 in the u.s. the region has reemerged as a global hotspot after bringing the pandemic under control earlier this year with resurgence infections in countries including both spain and france. rio tinto's ceo is stepping down amid concerns over the destruction of australian aboriginal heritage sites. sebastian jack came under after explosions at a mining area, which archaeologists say are the among the most significant of their type in the country. jack will remain in his role until next year if no successor is appointed by then. and taking to the field this weekend for the start of the premier league, but it is unclear when spectators will actually be allowed back. ceo richard masters says he hopes there will be a small number by at leas

i'm francine lacqua here in london. let's get the latest on the u.s. over technology. bloomberg understands that washington has asked gaming companies linked to chinese giant tencent to provide information about data security. this comes as bytedance is getting more confident that it's deal with oracle will get the approval of chinese regulars. let's speak to jody she -- regulators. let's talk to jodi schneider. why is the administration asking gaming companies to provide information about their security data? >> this is the committee on foreign investment the u.s., which investigates foreign acquisitions of american businesses for national security risk. it has the authority to examine acquisitions, as well as noncontrolling investments, and recommend that the president block or unwind deals. this builds on the trump administration's heightened security of chinese companies and their ties to u.s. firms. tencent, the world's largest gaming company, owns los angeles-based riot and has a 40% stake in epic. both of those companies have been asked to provi

i'm francine lacqua, here in london.et to the bloomberg first word news in london with leigh-ann gerrans. leigh-ann: according to the new york times, president trump pay just over $750 in income tax in 2016 and 2017. that is due to reporting losses of millions of dollars from his golf courses. according to his returns, he paid no income tax in 10 of the past 15 years. paper also says he has hundreds of millions of debt due in the next coming few years. the president says the report is fake news. staying in the u.s., a judge has temporarily blocked donald trump's bandon tiktok, which was due to be removed from app stores by midnight. the reasons are not available, but they may be unsealed later today. the move is a blow to the government in its showdown with tiktok. well, president trump has nominated judge amy coney barrett to the supreme court. she would be his third appointment to the bench, cementing its shift to the right for a generation. there is known to be a devout has described abortion as immoral. a confirmatio

tom keene in new york, anna edwards in for francine lacqua london.his within the jumble of the markets and of course the labor economy in america, we will get some good snapshots on that over the next two days. jacob parakilas is at the london theirl of economics and is associate as well. in preparation for this, i love the phrase you said, know what we don't know. what don't we know right now about this campaign, about these two candidates? jacob: well, we know almost everything there is to know about the candidates. what we don't know is what the impact of the pandemic will be, if this will be an election that t will be carried out largely by mail, which is unique among american elections. we have seen donald trump cast doubt, without foundation, i should say, on the integrity of mail-in ballots. cuts, which may impact the timely delivery of mail ballots. we don't know about the circumstantial issues surrounding the election. we also don't know what issue is going to be prominent in the couple of weeks leading up to the election. covid has really d

i'm francine lacqua in london. to a bit of data we had early on in terms of pmi's. may look ata data august manufacturing pmi, 51.7, in line with expectations. economists were expecting 51.7. the dollar dropping to a two year low. u.s. features climbing after chinese manufacturing data that indicated exports are underpinning a recovery, and the euro leading the charge against the dollar. the weaker dollar fueled commodities with copper climbing. let's get to the bloomberg first word news in london, this is laura wright. expectgermany does not economic fallout from the coronavirus to be as bad as previously thought. the updated forecasts are officially released today. europe's biggest economy has staged a rebound after collapsing in the second quarter. global trade is on course to recover more quickly than the 2008 financial crisis, according to germany's institute for the world economy. it said shipping volumes are back at levels faster than it took after the lehman collapse. argentina has received support to restr

i'm francine lacqua in london. european stocks edging higher. u.s. futures pinning hopes on the american stimulus package. the dollar is slipping. i am also looking at treasuries pretty much steady. texas crude oil steady at $40 a barrel. let's get to the first word news. >> in the u.s. house democrats have started drafting a new stim in this proposal of roughly $2.4 trillion. the plan could get passed by the house next week. while smaller than the package in may, it is larger than what senate republicans say they can accept. president trump has excepted he will go as high as $1.5 trillion. your governor andrew cuomo says he does not trust the trump administration over a vaccine. he vows the state will independently review anything authorized by the federal government. polls show a growing mistrust over a vaccine. new york may require travelers from europe to abide by its 14 day quarantine rule. in the u.k., rebel numbers of the conservative party are threatening to seize the power of parliament to block coronaviru

i'm francine lacqua in london.rkets, partly what looking at christine lagarde and partly looking at what we also heard in the debate overnight. this is the picture overall if you look at the european stocks, definitely under a bit more pressure after the delivery -- after the debate. it was an acrimonious american presidential

he sat down with francine lacqua for an exclusive conversation. olaf: we will find a solution, and anyone knows that after taking a strong activity this of bigd taking a debt size this year, it is necessary that we will continue the next year, but as i said also for europe, i hope that we will come back to something which is more similar to the normal from 2022 on. but next year, there will be a lot of strong activity still needed. francine: how do you see this if you look at what is needed in terms of the stimulus? do you need the recovery to be completely in place to be able to balance the books? is it much longer than one year, two years? does it take for years because you also want to transition the economy? olaf: we are working on the transition of our economy. we would do a lot of things which are important for creating an economy that is co2 neutral in 2050, which is very near to today. this means a lot of decisions are also related to future questions, for instance, in the question of renewable energies, and the electrifying of our mobilit

francine lacqua and tom keene.ply of money coming into the system is extraordinary, 174 billion. news,ro is weaker on the 116.38. one of the phrases here, and this comes from the 20th century, the 1930's, is pushing on a string. joining us now is our chief pushing on a string correspondent joins us now. brilliantly for bloomberg opinion. marcus, the whole things like pushing on a string. string as institutions stumble into the fourth quarter of 2020. what will greet them? what does a q4 of the markets look like? confusionfortunately, in the context, i doubt as many corporate's as the u.k. government -- corporates as the u.k. government like will pay attention to the work from home ruling. the momentum is just starting to build up to the 25%-30% of staff coming in. a new problem with graduates coming in this time of year, how do you put them into culture, how do you keep the culture going? everything has worked brilliantly as far as technology , zoom, and all of the other manners of compliance issues seem to work ef

on impoverished francine lacqua. tangible, is francine. francine: it is tangible.ere. if you

francine lacqua and linda. -- francine lacqua in london. position for our viewers and listeners on brexit? francine: the negotiators have come back from

francine lacqua hanging on every word last night. tatement, was london riveted by the debate? francine: london is riveted because we have never seen anything like it. participant,market you can get out of the debate

i'm francine lacqua in london. tom keene is in new york. tom, once again the new slow is pretty terrific, and we are getting some news out of the oecd. i think they have increased their forecast for the global economy, so they are now expecting the global economy to drop by 4.5% instead of 6% drop that they were expecting. this would be for the whole of 2020. fed day and i have my fed uniform on for caroline hyde, all ready to go. they will come out with a forecast as well. there is a pandemic, everybody is guessing including tom keene and francine lacqua. but it is a nice vector, a nice gurrria. fortress look at the headline. this follows from that dropping -- that jaw-dropping 11% lift in jobs. amazon plans to put 1000 warehouses and neighborhoods. this is the new political message that we are getting from all of these tech juggernauts after this digital dominance of this pandemic. francine: i understand this would be a way of competing with walmart, which is doing pretty good. the warehouse would be closer to you in certain neighborhoods

i'm francine lacqua in london. tom keene is in new york. i'm looking at the markets and we will do market and data checks every 15 minutes because it is an absolute bloodbath. some industries are down 5%. i'm looking at travel and leisure, especially in the u.k. come on the back of the possible announcement of lockdown measures. tom: the set of issues leading to where we are, the dow down 580 points. down 600 points recently. we are not near a correction yet on s&p, but we are getting there rapidly. i don't think this can be underplayed -- the virus, the pandemic is really front and center on a global basis, even with an america distracted by an historic moment. momente: and a historic that could possibly sway the election. let's get to the bloomberg first word news in new york city with ritika gupta. ritika: good morning. the death of justice ruth bader ginsburg has thrust the supreme court into the political spotlight. republican leaders in the senate are hoping to rush through a replacement with president trump expected to nominate his p

francine lacqua.inister speaks right now, advancing the story on the pandemic in the united kingdom. we await tonight's debate. i am thrilled to bring in the gallup editor-in-chief. they do things differently at gallup. mahamed younis joins us. i love your work on the "general mainstream." i would have suggested vice president biden with mainstream, and donald trump went to victory not being generally mainstream. how does generally mainstream fit into tonight's debate? remember,e have to when you go back to the facts and the basics, any time there is an incumbent president the election is always about the performance of that president first and foremost. when you look at those historic comparisons, president trump seems stuck at 42% approval. that is just shy of the lowest approval rating of president has seen in modern history t o -- to win reelection, who is president obama with 49% in 2012. overall satisfaction is that a 20-year low. the economic confidence index, america's attitude about the econo

i'm francine lacqua in london.in new york. , i will spend a good amount of time looking at the banks, i know you want to talk about citigroup, we talk about possible mergers, or not, in europe, and we will spend a lot of time talking about brexit and the bill passed late last night in the house of commons. tom: i know you talked about it in the less our florida o'neill, but i debt with -- in the last hour with lord o'neill. this was a bombshell yesterday. it is being massaged by citigroup,

scholz sat down with francine lacqua hora -- for an exclusive conversation. >> we will find a solutionvity,ng a strong starting a strong activity this year, taking debt of big size this year, it is necessary we would continue the next year. would come i hope we back to something more similar to thesomething -- next year, there will be a lot of strong activity. francine: how do you see this? if you look at what is needed in terms of stimulus, do you need the recovery to be completely in place in order to balance the books? year,much longer than one two years? does it take four years because you also want to transition the economy? min. scholz: we are working on the transition of our economy. we would do a lot of things which are important for creating neutralmy that acts co2 in 2050. that means a lot of decisions are also related to future questions. for instance, and the questions of renewable energy -- in the questions of renewable energy, electrifying of our mobility. this is also part of the package we decided on in germany for developing our economy into this direction. what do i t

business "bloomberg surveillance --this is "bloomberg surveillance," tom keene in new york, francine lacquawrap up the third quarter, we will do that, francine, the third time around, but it is pretty good to finish off with columbia, and we will have my expense here in a moment. francine: yeah, it is great to talk about what the economy needs in this very fragile moment, tom. this week was a shock in the u.k. because of

francine lacqua time tonight. coming up, it will not be across the atlantic, it will be here in the united states of america. this is important. federal reserve chairman jerome powell and the treasury secretary of the united states, steven mnuchin, they will testify to the house financial services committee. look for that at 10:30 a.m. this morning. after the two malt yesterday, they recovery green on the screen for the nasdaq. on the close -- that is what we see right now. red and green on the screen. good morning. this is bloomberg. ♪ francine: this is "bloomberg surveillance." a couple things going on in the markets. first of all, we had basically media reports of what boris johnson will announce at the house of commons, but also later today at a national address at 8:00 p.m. london time, further restrictions on pubs and restaurants. this is the impact on sterling. it had a bit of initial impact. encouraging news out of europe, -- actually come out of the u.s., and technology stocks are leading the gains in eur

i'm francine lacqua in london. tom keene is in new york.t going on in the markets, quite a lot going on with possible extra restrictions. let's get to first word news with ritika gupta. in all get onto her second. let me do a data check to bring you up-to-date with what happened in the markets. this is what i am looking at for the markets. european stocks are rebounding, u.s. equity futures stabilizing after the declines we saw, tech shares once again leaving the gains and the dolr

keene in new york, francine lacqua in london. a nice quiet weekend. new york times with this bombshell. as we heard martin schenker say, the fact of the matter is that so much of this was presumed to be, but nevertheless there is 10-15 years of a president's finances laid out. franciene: we don't know whether that moves the needle

i'm francine lacqua and london, tom keene in new york. we heard from the vice president of the european central bank, saying they are looking at euro levels and the ecb also offering a bit of capital relief, or capital relief to banks in order to cope with the pandemic. away,hey are all flailing and you felt that yesterday with mr. powell. it was under store neri moment. i cannot underscore enough the originality of what was being accomplished yesterday, francine. i was sitting there with michael mckee, and his press conference question was superb. they are all dealing with what to do with inflation at no aggregate demand. it is a fascinating time. francine: we will have plenty more on that, but now let's get to first word news in new york city with ritika gupta. ritika: president trump has slapped down some of his top health officials. he contradicted them at a news conference, saying that a coronavirus vaccine could be distribute it widely to the public by as early as next month. cdc director robert redfield told congress that the vacci

i'm francine lacqua in london. tom keene is in new york.e markets and we will do market and data checks every 15 minutes because it is an absolute bloodbath. some industries are down 5%. i'm looking at travel and leisure, especially in the u.k. come on the back of the possible announcement of lockdown measures. tom: the set of issues leading to where we are, the dow down 580 points.

i'm francine lacqua in london. this is what your markets are looking at. markets looking at the credit suisse spying probe escalated by the regulator, partially looking at that news. european stocks opened pretty strongly higher. the euro falling, futures advancing. we are getting data on jobs and the economy. if you look at the adp employment report, it may signal that the pace of employment in the private sector may be bouncing back. coming up, despite a bumper month for many stock markets, 50% of new money has flowed into fixed income. you can hear more about that on our new weekly show "etf iq europe," that starts in about 30 minutes from now. thes get straight to bloomberg first word news with leigh-ann gerrans. >> the u.s. economy needs new theulus to rebound from coronavirus crisis according to treasury secretary steven mnuchin. he started a conversation with house speaker nancy pelosi amid negotiations on a relief plan, but he stopped short of offering a fresh proposal to try to break the deadlock. australia's economy contracted the most on record

i'm francine lacqua. everything you need to know about the funds.volatility when stocks make big moves. how can etf investors stay clear of trouble and keep their portfolios in the -- equity to etf's continue to see enclosed, grabbing the lion's share this month. all the moves from around europe. smart strategies that would great on paper, lose money after they launch. we will dig deeper into the numbers. there has been a dramatic leap for tech investors. let's kick off the show with which countries and sectors have been attracting the money. here is dani burger. dani

i francine lacqua. a lot going on in terms of news flow.e have an etf show coming up but we have some breaking news in terms of pmi for the euro area. a bit of an indication of where we are headed in terms of economic prowess or not. september services pma coming in at 47.6, below the estimate of 50.6. ityou get a figure above 50, means we are in expansion territory which we are not paid european stocks across the board are gaining. partly, this has to do with some of the recent trends we have seen, certainly when it comes to market street the dollar also extending the rally and it does seem like the stocks are steady as equity markets try to build some up one -- upward momentum after we had a pretty big selloff that cut valuations in early september. coming up later today, the fed has shelled out 8.4 billion dollars buying fixed income etf's, so how do jay powell do and of the investors that try to get ahead of it? we will discuss that on our weekly show, etf iq europe. let's get to leigh-ann gerrans. leigh-ann: fed chairman jerome powell

i'm francine lacqua, and over the next 30 minutes will be your guide to the reigon's thriving market funds. everything you need to know about the funds and the flows. ♪ a trading tech volatility when stocks make big moves. how can investors steer clear of troubling portfolios? despite a meltdown for some sectors equity etf sees

i am francine lacqua.nutes i'll be your guide to the region's thriving market in exchange traded funds. everything you need to know about the funds and the flows. ♪ it's six months since global stocks hit their bottom of the -- of the world readies for more coronavirus restrictions. how should etf investors prepare? the fed files in, buying $8.4 billion of exchange traded funds sic

i am francine lacqua in london. kaylee, it's great to have you on the program. u.s., politics, and european finance as well. to be: politics continue front and center stateside, both what is going on in racial justice and to stimulus. we will have to wait and see. francine: it will be interesting to speak about the stimulus and how that changes monetary policy. let's get to the bloomberg first word news. morning. steven mnuchin says the economy urgently needs more stimulus to rebound from the coronavirus. he says he initiated talks with nancy pelosi try to negotiate. going again.ations republicans have been putting together a narrow relief package. he says he wants a much larger deal. president trump has condemned what he calls anti-police rhetoric while meeting with police in kenosha, wisconsin. he toward damage caused by demonstrations after a man was shot in the back during an attempted arrest. two demonstrators in kenosha were killed in the protests. a warning from the pentagon. china is closer to joining the u.s. and russia as the only nations capable of de

the german finance minister joins bloomberg's francine lacqua for exclusive interview to discuss theecovery amid the pandemic. that is 2 p.m. london, 9 p.m. hong kong time. this is bloomberg. ♪ give you my world ♪ ♪ how can i, when you won't take it from me ♪ ♪ you can go your own way ♪ ♪ go your own way your wireless. your rules. only with xfinity mobile. ♪ >> it is almost 11 a.m. in hong kong and this is bloomberg. rishaad: a top look at the stories. investors shrug off concerns about the u.s. textiles. threateningrump now putting tariffs on china. party startsling its contest for new leader but key heavyweights in favor of shinzo abe's top aide. rishaad: $6 million in shares since last year. higher withcks are australia leading the pack in the european shares climbing. the s&p futures pointing to a higher open. investors return from the labor day holiday after a selloff. all eyes on tech shares after reports of big options. 1%,a looking down 2/10 of after rising half a percent earlier. chinese stocks at two key levels. asnese assets in focus president trump says he intends to curb

francine lacqua surviving a lengthy interview with our editor, john mickelthwait as well. york is just not back. his london back? francine:

francine lacqua hanging on every word last night. as a general statement, was london riveted by the debate? francine: london is riveted because we have never seen anything like it. participant,market you can get out of the debate and say there was not a lot of politics or policy. look at the post to see who won, but the wider implication is that it was chaotic. it was acrimonious. think it is going to be hard to get a clear-cut winner, or certainly it will be tense. coverage in washington, driving the story forward to october 15. a town hall meeting in miami. first world news in new york city, here is ritika gupta. ritika: it was billed as the first presidential debate, but last night's event in cleveland quickly slipped into chaos. insults drowned out ideas. at one point, president trump and joe biden battled over coronavirus. >> he knew it was a deadly disease. what did he do? he is on tape acknowledging he knew it. he didn't give us a warning because he didn't want to panic the people. you don't panic, he panicked. >> the only thin

invev ceeo carlos brito-- ceo carlos speaking to francine lacqua.elevision. let's have a quick look at market as we reflect on some of these earnings which came through from the u.s., and taking a look, these are all three of these sports companies. this after nike rallied in late trading. the world's biggest sportswear maker returning to profit. from swiftly bouncing back the slump intended by the pandemic. elsewhere, looking at some of these banks, hsbc in terms of the points, extending that now 1.5 percent down, taking 25 points off the hang seng. losses approaching just over 10%. that is it from "bloomberg markets: asia." ♪ >> the following is a paid presentation brought to you by rare collectibles tv. ♪ announcer: the morgan silver dollar is without a doubt the most iconic coin in united states numismatics history, designed by united states mint assistant engraver george t. morgan, this silver dollar series was minted from 1878-1904, then again for one year in 1921. the morgan dollar is nearly an

tom keene in new york, anna edwards in london for francine lacqua. i have to get three seconds in on brexit. i don't understand the british response, if any, to mr. barn ier, who seems to be the only one not taking the month of august off. anna: i don't know. are we running down the clock? i am sure that is not the official position but there is a sense of that. --xit happens generate 31st january 31. the fishing industry, which is something we have talked about before. michel barnier was very outspoken yesterday about his disappointment. he sounded like a disapproving parent. tom: he sounded on the edge of being of american. teachers at -14 right now. we have a wonderful guest -- futures that -14 right now. we have a wonderful guest. first, your first word news in new york city. >> the timing on this may raise some eyebrows. the cdc has told states that a coronavirus vaccine could be ready by november 1. that is just two days before the presidential election and it is an aggressive go about would depend on shots being tested and reviewed by then. pr

. ♪ tom: francine lacqua and tom keene. today, markets quieter than yesterday with nice rebounds.utures flat. nasdaq gives me a bit of a lift as well. we have been distracted by other issues. -- russt rich joins us koesterich joins us with always interesting research. i want to turn the tables off of equities and bonds and go to the dollar strength we have seen. you have been out front on this with the resiliency to the dollar. is the dollar going to be our october surprise? >> it is possible. goodw yesterday old-fashioned safe haven buying. we have not had much of an excuse for that over the past months, but you are running out of hedges. people are looking to the dollar. when you see risk aversion, it worked yesterday. hedges thatother allocator's rely on when you talk about duration has not been effective. tom: what does the liquidity, the depth of the dollar market and the resilient dollar mean for multinationals in the by the u.s. big guy serious? >> is this a one-day event where markets selloff and investors flee to the dollar, or is this a countertrend to the last few month

earlier today, tom keene and francine lacqua spoke to joshua johns hopkinsthe bloomberg school of publict what is needed for a successful vaccine. >> vaccine acceptance is extremely important because you can have a great vaccine, but vaccines do not save lives, it is vaccinations that save lives and people are going to have to want to take it. so, what that's about is the confidence that people have in the process. unfortunately, i think the white house has undermined that confidence by putting in such a political context. i think there are number of steps that others are thinking of taking to depoliticize it and make it about the science in a way that can inspire doctors to feel confident and people to feel confident about it. tom: this came up four, five, six times this week. let's get an update from you on a monday as it gets colder out there. roller be a shortage of other vaccines/shots, like a so-called flu shot? joshua: in a way, i'm hoping there will be a shortage because that will mean everyone is getting a flu shot. we want to get as many people as possible to get a flu shot, pa

francine lacqua doing what i did yesterday, moving chairs. how about back to school?land of manhattan. : it is bizarre everywhere,

i'm francine lacqua in london. tom keene is in new york. , i will spend a good amount of time looking at the banks, i know you want to talk about citigroup, we talk about possible mergers, or not, in europe, and we will spend a lot of time talking about brexit and the bill passed late last night in the house of commons. tom: i know you talked about it in the less our florida o'neill, but i debt with -- in the last hour with lord o'neill. this was a bombshell yesterday. it is being massaged by citigroup, massaged by everyone. you know what, it is a reprimand from the federal reserve system and the office of comptroller. that is what is speculated. francine: this is what is getting a lot of attention today. later on bloomberg, we will hear from ray dalio, bridgewater founder and chief executive officer, at 2:30 p.m. in new york, 7:30 p.m. in london. let's get to first word news with ritika gupta. ritika: the west coast wildfires have become a campaign issue. president trump and california state officials sparred over

good morning, this is bloomberg surveillance from new york and london with francine lacqua back withur weeks. propping up the italian economy. tom: what did you observe? they were hit so hard in march and then a real recovery but it's a little dicey in italy right now? francine: it's interesting how italy was scarred because they were very hard hit in march.