we have seen the gains.y promise -- the reason tax cuts were for higher wages -- everyone was going to share. if you look outside the stock market, you do not see gains in wealth. vonnie: you are not making the point president trump is responsible for market gains. what would he change in the next two years for this to be more equitably distributed? stephen: you have to see something more like where the gains that obama had or somewhere in the middle. for president obama, 70% of his wealth games -- gains of the last two years him outside the stock market. it is the flip for trump. so i think meeting somewhere in the middle. vonnie: it used to be your net worth was your house. now your net worth is what you hold in the market. stephen: for most americans, the house is your net worth. that is not what we see in the gains. the gains have been in the stock market. under trump so far, it seems like most gains have gone to the wealthiest because those are the people that oma majority of stock market. vonnie: it is

crude gaining. that's the brent number there. you see nymex, wti gaining, as well.see across on the second board s&p futures rising now 1.3%, of course. it was a killer week if you were long, and i mean that in a bad way, if you were long u.s. stocks last week. maybe a bounce, maybe optimism. coming up, more from climate finance day in paris and in exquisite interview. -- and exclusive interview. this is bloomberg. ♪ ♪ francine: good luck theresa may. eu leaders keep your fingers crossed for her. will she be able to convince u.k. lawmakers to back her brexit deal? aramco's ambitions. the invest billions of dollars in acquisitions in the next few years. the chief executive told bloomberg that the long-awaited ipo has not been called off. >> we are committed to the ipo. the government is committed.

really dropping off of from yesterday's 1.5% gain. this of course on the fourth quarter report with the outlook for the all-important december quarter, the holiday quarter, disappointing. plus, they will not be reporting unit sales anymore, so investors worried about what is happening here. a little bit of a similarity to amazon in terms of weakness for the december quarter, and b shares on pace for the worst day since april of 2016. that after they reported a disappointing quarter as well, decline in revenues, the first in over a decade. a similarity to that disappointing quarter as well. and as for what is weighing on those averages, apple, let's take a look at the different indexes. we we will see that starting off with the russell 3000, 4%, working its way down to the nasdaq at 9.5%, and the nasdaq 100 helping to explain that index's larger loss of 13.2%. but take a look at the x ok, -- big weighingis a their. -- there. as for what is working, take a look at starbucks, up 11.3%. absolutely soaring, on pace for its best day since 2

the nasdaq gained one .8%, gaining ground for a third session. treasury yields as well, slipping with a more positive move here in the u.s. this would translate to what happened in asia. sophie: we could see a cautious attempt to eat out a fourth --eke out a fourth day of gains. on the earnings front, you have apple. futures nudging lower. in korea, the earnings season is wrapping up. earnings in japan. theirill not follow rivals price cuts. posted a surprise gain in auto sales, but we did see honda missing. is as consumer confidence hit a wall, falling to a three-year low. outhe agenda, sales are due 8:30 hong kong time. get government tabling. this as it faces a possible credit rating downgrade with its wider fiscal deficit targets. barometer ofus the how trading consumers are faring. and to a busy week end to a busy week. jenna: a long and very good conversation with his chinese counterpart. he added that discussions are moving along nicely ahead of the planned meeting at the end of the month. the media says resident she -- president xi is ope

giving the gop a net gain of two seats in the senate. meantime, the democratic majority in the next house continues to grow. the party picked up another seat with force, beating republican yvette herrell, in the second komgal district. that makes a net gain of 35 seats for the democrats. can they reach 40? just one house race left to call in california's district. d.j. cox has pulled ahead of republican congressman david valadao by over 400 votes in the latest tally. cnn and news organizations called the race for valadao on election night. cnn withdrew the call. so about the blue wave, democrats made big gains in the 2018 midterms picking up 39 seats in the house and governors races. democrats had a net gain of seven, republicans lost six. state legislators, democrats gained at least 332 seats. >>> later today, democrats meet behind closed doors to decide whether nancy pelosi will be the next house speaker. there is tension and opposition within the democratic caucus, but the minority leader is widely expected to win the vote. a public v

david einhorn's green light capital posting a small gain, i said gain in october amid the big declinesn the stock market that's according to what an investor told reuters late yesterday. a spokesman for the fund declined to comment, but green light says its fund rose 1% last month but it's still nursing a big loss for the year, down about 25%. green light is typically one of the first hedge funs to notify investors about monthly performance. reuters says einhorn did not provide details on what made or lost money in the portfolio but the most recent investor letter in october noted his bet against tesla was the biggest winner in the third quarter. einhorn has also been short a bubble basket of tech names. it's unclear how he traded netflix and amazon specifically, but if he was short he might have been able to capture the declines in recent weeks his 1% gain for the month stands in contrast to the average long short equity hedge fund. cnbc obtained performance estimates by credit suisse yesterday which showed losses of 7.75% in the month through october 30th >> if we don't see other big

this is bloomberg. ♪ ♪ nejra: gains in japan, hong kong, and south korea meaning we are seeing gainscpi pacific asia index. good start of the week. let's get the first word news . >> the apec summit ended a failing to issue a joint communique for the first time since the events began in 1993 china balked at a statement on trade, objecting to the use of language. at a summit, vice president mike pence sharpened u.s. attacks on the economy, calling on nations to avoid loans that would leave them indebted to beijing. >> know that the united states offers a better option. we don't drown our partners in a sea of debt. united states steel's openly, fairly. we do not open it contracting belt or one-way road. we partner with you and we all prosper. desley: the trump administration will issue its report on two murder reporter jamal khashoggi under increasing indications it was ordered at the highest level. the cia concluded the crown prince approved the murder, but president trump says the real details of the killing may never be confirmed. u.k.'s high-end properties are seeing weakness. nove

australia and new zealand are open and gaily -- gaining. kiwi stocks are gaining ground.f this coming after a strong lead from wall street. the result of the midterms propelling markets in this part of the world higher. we will have more on that and more of sites on the next hour of daybreak asia. towill speak to state street ask how the midterms are likely to affect fed policy as well as emerging-market assets. will have the market open next. this is bloomberg. ♪ ♪ >> good morning. major markets have opened for trade. >> good evening. >> i am sophie kamaruddin. ."lcome to "daybreak: asia ♪ >> our top stories, asia-pacific markets look strong for long gains as the midterm provide some comfort, risky assets in favor. president trump calls for cooperation. democrats seek agreement on health care and infrastructure. shery: china in focus this morning. oniffs putting a damper shipments. data out of china, we had eco-data out of japan, orders following more than expected in september. study.z -- steady. this coming on the back of gains out of wall street. let's see how trading

a fourth day of gains.

just to give you some context, although we've seen gains in asia, we saw muted gains in the u.s., u.sres pointing lower for today's session. we might see thin trading in a holiday shortened week with thanksgiving. the ftse 100 picking up .2%. it's been fairly stable even though we've seen volatility in sterling. a lot of the action goes below the surface. by cac 40 opens higher, up .3%. ibex up .25 percentage points. let's see what the ftse mid is going to trade. see aks like we could little bit of a positive open right now across these equity benchmarks. looking at the imaps to see how various industry groups are performing, we saw gains on the u.s., even though we saw retailers take a led lower on friday. europe, seeing green across the screen. most industry groups moving higher. not a lot of read their, so we are on a -- not a lot of red there, so we are on a positive footing. we can show you the mrr screen. telecom italia, elliott management winning out. we've got a new ceo. also on the upside, novo nordisk is up 3.6%. concern we could see pressure on the homebuilders with house p

looking at a possible fourth straight day of gains.&p up 19, dow jones up 200, nasdaq up 18 joining me is alan guilder from wood mckenzie. thank you very much for joining me >> pleasure. >> let's touch on these sanctions coming into play is that priced in fully, everyone is fully aware of it in the marketplace and do you think everyone can pick up whatever supply is taken off the market >> the challenge is how much iranian oil will be taken off. there's been reports this morning of waivers being introduced for eight countries, india, south korea, japan. that means there could be more iranian barrels on the market than the market was expecting, which is contributing to some of this price weakness we've seen over recent days >> whether it's 1 million barrels or more, will others be able to pick up that supply quickly? >> if it's about a million barrels, yes that's what saudis and russians have contributed to that supply. if it's all of iranian production, that becomes difficult. there will be limited spare capacity our outlook is 1 milli

the nasdaq had a gain of 1%. saw it pullback about half of the losses we saw in the previous russian. we also saw energy gaining ground from one year ago -- previous session. we also saw energy gaining ground from one year ago. investors in asia have a lot to digest from wall street and the board meeting in your,. -- and the board meeting. attention will be on the nissan board meeting. what is the fate of the chairman of the company? quite a calendar to digest here .n asia investors will take what they can and run with it. stocks snap a four day to klein in sydney and in wellington, they are rising. in chicago, gains as well for .apanese stocks adding to potential headwinds for asian shares, white house trade consultant may not be making an appearance at the meeting. that has to be confirmed. had afterdation maybe foxconn warns it is facing a difficult and competitive 2019 and is planning to cut costs by nearly $3 billion. see how machine makers are faring as we get reports this afternoon. orders have been slowin

on tories are holding gains.

that means we gain an hour, lauryn rickets. >> gain. >> gain. carry the one. >> gain an hour..m 2:00 daylight savings time ends tomorrow morning. set them back before you go to bed. blustery this afternoon. >> 70? >> 70 on tuesday. but showers and thunderstorms possible on tuesday afternoon. we'll have rain chances monday and tuesday. >> that's been up about four times during the show >> i know. >> sorry, just saying. all right. anyway, that does it for us. >>okay. >> we're on facebook live after the show if you want to hang. f jennifer wexton backed a deal leading to massive tolls on 66. nonsense. fo jennifer wexton ht the tolls on 66. and let's call this plan what it is, the way that it's been rolled out. it's highway robbery. there's also healthcare robbery. barbara comstock voted to sabotage the healthcare market, hiking premiums up to 64%. barbara trumpstock -- everything that's wrong in washington. dave brat said he'd vote to reduce the deficit. i'm abigail spanberger, and i approve this message. but instead, he voted to increase it by $1.

so the democrats made gains, but the republicans also made gains in the senate, doing well particularlynald trump went and campaigned personally. so do you think he feels he has a good platform to go for the presidency again ina platform to go for the presidency again in a couple of years? he has already tweeted that this is a success. he has already retweeted people who have said he did well in this campaign, and there is no doubt that he has been extremely energetic. he is a man who likes campaigning, but his rallies do seem to have made a difference in those states which he specifically targeted. he knew where there were tight races, where the senate could be injeopardy, tight races, where the senate could be in jeopardy, and tight races, where the senate could be injeopardy, and he went out tight races, where the senate could be in jeopardy, and he went out to make a difference. if you look at the figures, he does seem to have made a difference. he is already talking about 2020. he already has a slogan of, keep america great. and even during those rallies, he was laying the groundwo

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the bloomberg dollar index is holding onto three days of gains. jay powell speaking later, that is in focus as well as the fed minutes we get later this week. mixed messages from fed officials yesterday. the main focus was on rich clarida's comments. some reading a lot into the fact he forgot the word "some." let's check on the markets in asia. juliette saly has more. good to see you. juliette: volatility absent today, but the buyers are here. the msci asia-pacific index up for a third session. a positive commentary coming through from larry kudlow suggesting when we have that dinner date between presidents trump and xi, there may be a move toward a truce. the hang seng up by over 1%. a lot of buying coming through in china. the nikkei closing of the session further as well. we have a slightly weaker yen. weakness in australia despite bullish calls from goldman sachs on commodities. also saying the iron or correction to be over. jakarta's market is weaker as well. good buying in india today. overseas investors have returned. let's have a look at s

down .9 of 1% because the gains were short-lived.teve mnuchin and china's vice president are said to have resumed talks on trade and a potential visit to washington is on the card -- on the cards before they meet at the g20. stocks traded lower following a tech lead slump on wall street overnight. the beginning of november seems to be fast evaporating. joining us now is mark cudmore, bloomberg mliv strategist. we have these two forces in the asian trading session and where waiting to see which one wins out, there is the selling around tech and the buying around trade expectation is your for how this ends in the short term? absolutely, the first takeaway is that the era of u.s. performance ended last month. we thought that was the start of the new theme in october. a continuation of that at the moment. chinese stocks traded well in over the last week we have seen chinese stocks the verge what the s&p has done, they have not gone back toward the low of october 19 when the chinese government said they would support the market more aggre

if you look today you will see a gain of 2% or more. gains on wti as well. more market analysis and oil talk as well throughout the program. this is bloomberg. ♪ anna: welcome back to the european open. 15 minutes away for the open of cash equities trading. saudi arabia has said it will reduce crude sales. a whole host of headlines coming through. including want to see a central bank for the oil market. the crude prices up. 1.4% on wti. let's bring in mark cudmore from singapore. good to have you with us. if you are looking for headwinds for the european session, the futures suggest a positive start. wire -- acusing on a higher oil price? >> focusing elsewhere. the lower oil price overall was for good reason. it was supply driven. the iran sanctions did not take as much of the market. there were more waivers. a supply driven lower oil prices good for the economy. not great for oil exporters. saudi arabia said they're going to cut. it is a small consolidation a drop inhave seen the last few weeks. manufacturing costs, cheaper energy costs. the real problems a

this election marks the largest senate gains for president's party in a first midterm election since at least 1962.ent kennedys in there have been only four midterm elections since 1934 in which president party has gained even a single senate seat.

we could see gains for major markets.kei futures indicating some weakness, given some of these trade lines we have seen from the wall street journal reports. we could have retailers move in the region, given that bounce for u.s. retail stocks overnight. and tech will be key to watch today. watch for korean retailers to perhaps come under pressure after consumer confidence fell in november. the's --s outnumber pessimists outnumber the optimists. plenty of players to watch given the gm news, that will have applications for other auto players in the region. on the back of the report of -- trump's friend comments -- u.s. futures now nudging lower. that could indicate some of that negative sentiment coming into the session this morning. , taking a look at the early trading action this tuesday asian session. let's get you the first word news with jessica. jessica: the escalating trade war's see china imports of oil fall. no deliveries of crude in october, while september topped one million tons. bloomberg took elation imports f

long week but great week for the stock market, solid 3% gain for the broader market, this morning takeook at this, set to rise 7%, also higher this morning, coming up vacation turns into a nightmare as passengers are left fearing for their lives. >> we felt like it was titanic, for real, we thought that this might be it. >> the terrifying moment as the ships almost tips over. >> this is what real vacations are made of. it doesn't come cheap. >> stay tune. [laughter] so they say that some day ai will transform the human race. well, today you're a little busy transforming your call center. dealing with millions of customers a year, like this one. no, i'm pretty sure i didn't order a squirrel playing a guitar. that's why you work with watson. it works with your systems to resolve calls faster and improve customer satisfaction. i detected fraud and helped reassign a new credit card. honey, they're overnighting us a new card. woooo!!! woooo!!! for ai that works with tools you already use, choose watson. hello! the best ai for the job. cheryl: welcome back, let's get you caught up on what's

. ♪ ♪ haslinda: one of the countries that stands to gain the most in china's belt and road initiativekhstan. it is the largest landlocked country between china and russia, and the center of a balancing act between geopolitics and economic advantage. this is an ultramodern city built in central asia's dominant economy. a city celebrating its 20th anniversary, and the birthdate of the country's one and only president. he has ruled kazakhstan since independence from the soviet union in 1991, seen here opening an international finance center, a bold move five years in the planning to link the region's capital markets, much like his country has embraced its key role as the overland pivot of china's belt and road initiative. >> the economic policy is towards creating new subsectors of our economy, different industrial dimensions. among these, financial services. we want to be the financial hub of the region and help the region to develop their economies, and this puts kazakhstan on a good track to deliver. >> we are the first country with china as we go towards europe. we built our own infr

the nikkei two —— 2115 gaining 57 points, and the hang seng indexis gaining 57 points, and the hang senging for trading and that is gaining a hefty 168 points. thank you so much for investing your time with us. i'm rico hizon. sport todayis time with us. i'm rico hizon. sport today is coming up next. see you in the next hour. the top stories for you now from bbc news: saudi arabia's foreign minister has told the bbc that claiming the king or crown prince knew about a plot to killjamal khashoggi is inaccurate and saying anything disparaging about them crosses a red line. the united arab emirates has jailed a british man for life, on charges he was spying for the british government. whale song has intrigued scientists and sailors for centuries. now it seems the distinctive chorus of squeaks and groans can change over time, and not all whales sound the same. researchers in australia say humpback whales undergo major changes, which mean their song is constantly evolving. here's our xcience correspondent helen briggs. —— here's our science correspondent helen briggs. humpback whales are known

more gain scent plus oxi boost and febreze makes gain flings our best gain ever. gain. seriously good scent. your company is and the decisions you make have far reaching implications. the right relationship with a corporate bank who understands your industry and your world can help you make well informed choices and stay ahead of opportunities. pnc brings you the resources of one of the nation's largest banks, and a local approach with a focus on customized insights. so you and your company are ready for today. thiuninterrupted streaminglogy brilliant sound clarity and life-like color. experience dell cinema on the xps 13. get up to $200 off select xps 13 laptops at dell.com (intel chime) >>> this is cnn's special live coverage of the 2018 mid term elections, the day after. we will hear directly from president trump over at the white house. he will talk about the results of this truly historic mid term election. >> yesterday's vote was considered a referendum on the first two years of president trump's white house. the outcome could alter the course of his presidency ov

the shedding of the gain for the year.ck at futures now up 95. >> it was not only a tough day for markets yesterday. but president trump was ripping up on the federal reserve. but will it affects next months rate hike. after trump comments on relations between the u.s. and saudi arabia. oil is up a dollar this morning at 54.43 a barrel. cheryl: green and europe. in europe. stocks in europe up across the board. game of thrones fans are in for a real surprise we are getting a new details about the changes coming to worcester oaks. fbn:am continues right now. lauren: 5:30 in the morning in new york. cheryl: i need to start watching game of thrones. it's on my winter list. but let's talk about oil right now. we just talked about it a moment ago. oil prices were plunging up more than 6% yesterday. they fell on oil supplies. and then also there was this comment from president trump about saudi arabia. that did not help oil either. if we broke with them i think the oil prices would go through the roof. they have helped me keep th

stuart: holding on to triple digit gain gain. look at wendy's.ore sales were down and the stock is down 4 1/2%. big drop. >>> papa john's, sales fell for the fourth straight quarter but the stock is up. there must be something else in the report. i will figure it out for you. the stock is up two bucks. >>> michael kors, retailer reported weak sales especially in europe. look at it go down. that is a 13% drop. >>> well the gop won several big senate races last night, indiana, north dakota, missouri, florida. come on in alberto gonzales, form err u.s. attorney general. mr. attorney general, welcome back to the problem. great to see you. >> good morning. stuart: i issued a editorial, kind of a rant which says that the republicans in the senate will now be able to reshape the judiciary along their lines for another generation. am i right? >> absolutely. obviously losing the house is a loss but as between the two houses in congress, if i'm the president of the united states i prefer to maintain control the senate because of the power of confirmmation

they gained six seats in the senate and, get this, they gained 680 seats in state legislative races. two extremes from the last two presidents. we have david mccuan and brian sobel joining us again. what's likely to happen this time around? >> i think history holds. if you go back to 1810, you'll find only three times warehouse seats were gained during a time when the opposition, or when the president was holding office and opposition was trying to gain seats. franklin roosevelt, bill clinton, and george w. bush. only two times on the senate side since that same 1910 period. and that was franklin roosevelt and george w. bush. >> david, there are a lot of motivated voters out there. what do you see playing out in terms of the shift of power. >> it's going to be what happens in florida and whether democrats could be successful there. and also what happens in tennessee for that race. we are going to see some anomalies as well. democrats because they are the out party would be positioned to do well in terms of his work gains but it's going to be difficult to move that way if they can get

on may pharma tracking gains.fresh investor interest in the tech for long it cancer -- for lung cancer equipment. third-quarter results were better than expected for this beverage maker. retail sliding after domestic sales fell 10% for october and subaru falling to an august 2014 low, the company delaying , andncement until 3:00 nikkei news reporting the carmaker could cut its forecast. southeast asia's largest lender will be one to watch when they get trading. reporting strong earnings numbers, matched analyst expectations. a higher profit. i want to bring in now our bloomberg intelligence analyst. what has been driving this? >> very good morning. the singapore banks earnings outlook remains robust. even on the stock price you see, they did a fair but -- it of catch-up. the margin went up five basis points, but they will be a flat year to date. for dps it was a one basis point margin uptick which brings back markets' confidence. ordi: is this sustainable, is it as good as it gets? reporter: i am positive on the o

we could have three days of gains in a row. healthcare is the number one midterm issue. and democrats had been telling that since day one. everyone is should receive the health care that they need. wait until you hear the price tag. an airline worker took that to a whole new level. you're watching fbn:am. . and this is laura's mobile dog grooming palace. laura can clean up a retriever that rolled in foxtails, but she's not much on "articles of organization." articles of what? so, she turned to legalzoom. they helped me out. she means we helped with her llc, trademark, and a lot of other legal stuff that's a part of running a business. so laura can get back to the dogs. would you sit still? this is laura's mobile dog grooming palace and this is where life meets legal. good morning let's get caught up on what's happening now. we are seeing nice gains once again. attend child has died after a viral nursing facility. it is most harmful to those with already weakened immune systems. maybe navy divers recovered one of the two black boxes. minutes after takeoff on monday. the d

that is the biggest gain since 2011 in one session. korean markete this morning and the broader asian story. let's get a bloomberg first word news update from our studio in hong kong. >> the u.s. has agreed to let eight countries including japan and south korea keep buying iranian oil after it reimpose us sanctions according to a senior official in the administration. world's biggest importer, is still in discussions with the u.s. on terms, but is understood to be among the eight countries. crude is headed toward its biggest lost since february as a group of surveys says opec production is at its highest level in two years. saudi and libya offsetting the loss of crude. apple shares slumped on a week forecast for iphone sales. putting the company's $1 trillion valuation at risk. investors are worried the company's decision to stop reporting how many mobile devices, tablets, and max it delivers, which analysts say is an attempt to hide stagnating demand. fiscalpany says first-quarter 2019 will be between 89 and $92 billion. analysts had

the s&p 500 gaining 9/10 of 1%. all of this recovery continuing after the worst month that we sinceeen for u.s. stocks 2011. the dollar also coming down falling the most since july. >> we are our eyes on macron. -- macron. we have news that the u.s. is filing charges this suggests chinese state-controlled companies stole trade secrets. they are seeking to block any product that contains umc products. we bring you the latest headlines as they come. you can also watch it on your bloomberg. we are talking about oil later in the show. look at this chart. it is a read of u.s. oil production relative to the other week producers in the world. that includes the saudi's and the russians. production has popped above it. it is the largest producer in the world. we know that the u.s. has been tracking to industry independence. >> another trend we have been watching is the fall credit crunch. way for the the worst october returns since 2008. how are investors viewing high-yield relative to other assets? >> there is a bit of nerv

just yet >>> all of the major averages are trying for a fourlt gain in the last five gains.of the spoke investment group they say you're it not really buying whether or not last week -- because we did end the week higher. >> i think we are still drifting around here. one of the things that, you know, the backdrop, we have strong earnings growth, we have economy that is doing well there's a number of things that aren't working still seeing lower highs and lower lows. >> sit the greatest we have seen in years and the stock market doesn't care >> they will slow. the profit growth will grow. >> how much better can it get? you also, the backdrop, the fed, they are gradually hiking rates basically every other meeting. they showed no signs of becoming any less but they are also working off the balance sheet which is -- >> it is tighter than these gradual hikes. >> should they be backing up you're saying they are showing no signs of it should they be >> we are start to go see slower growth >> what about netflix early on in the show to make sort of a hard turn. we had an analyst that

but we can't make progress each other for political gain. in the senate, i'll always listen to you but we can't make progress each other for political gain. that me teatisr to messaire to reduce the deficit. but instead, he voted to increase it $1.9 trillion. why? brat went washington,s,co t rp coat big tabreaks,hig birp making the next generation pay. dave brat went washington, and alweotl g tas w b y abo barbaraat comstock: ngton, barbara comstock: "i think roe vs wade should beed overtund the state should decide it."s king awa d ne rentefd un 6 times, lim and comstocktyotes with trump nine eight percent of the time. jennifer wexton: endorsed by the washington post. she'll protect a woman's right to choose. jennifer wexton for congress.e of this advertising. inisegning if we stand together for one cause. for evnnernegibeinw tharere e fiealed r a cllawsuit to take away protections for people i voted to protect them. morrisey got richas as ahington lobbyist for opioid companies. my work as your senator took a billion opioid pills ofthe stree

it's reversing the gains from this morning up as much as 4% to start the day. as much as traders are hoping that we're bottoming, they just don't feel like we're there yet. >> sara? >> bertha, thank you for the movers at the nasdaq, jeffrey gundlach talking about today's volatility to reuters saying, vote, we don't have anything resembling a panicked low and we're late with the selloff. the market is overbought mike santoli has more. mike, who needs jeffrey gundlach you've been telling us every day. >> well, that is true. i have to agree with him though i'm not sure the market looks overbought i'm not sure what measures he's using there, but it is true. the market has been very systematically almost quietly pressured with the selloff i will say it's anxious. it's not so much the people that are calm and bullish, but there is some anxiety and you're seeing outflows for retail mutual funds for stocks and riskier bonds. you are seek that the market is down in 2016 gundlach is talking about it and in 2011 you had steeper declines and much heavier and consistent sel

she hasom nothing to gain. what does she have to gain?> laura: it seems that she did have something to gain. according to go fund me account she raised nearly a million dollars in donations and one report a said she has received several book offers to boot. joining me to discuss this -- i want to start with you. justice kavanaugh has declined the money raised on his behalf and it's going to charity. isto ford the same? >> the funds were raised on her behalf for security and travel and associated expenses. so in terms of the premise on which she raised the money certainly she has raised more money than what was needed for those causes. she is actually continuing to raise the money weeks after the hearing. she still has expenses and still needs more money. it's getting a taint of pure commercialism. so i think it's inappropriate. >> laura: joe, i want to go to you. we got a statement from her council saying the following -- threats to dr. ford continue. all unused funds will be donated to organizations that support trauma survivors. do you

somehow even gaining a senate seat. even if they don't gain control and winning nearly a dozen governors mansions. the republican dream, hanging onto this house. solidifying their hold on the senate with gain of three or four seats hitting 54-55 in total, and holding their losses in governors races to fewer than five. we have two days to go. we have a new poll completed early this morning. we were calling that late. among likely voters, democrats have a seven-point lead. that's a slight improvement for the republicans compared to two weeks ago when the democrats lead 50 to 41. like so much about this midterm election, how people votes reflects how they feel about president trump. the job rating has changed. it's 46 approve. 52% disapprove. a 46% job rating for a sitting president would mean his party was headed for a big defeat. is it possible president trump has changed the rules or that the geography of our political divide has changed the rules? even though election day is tuesday, some 33 million people have voted.

gains? a little bit of a tailwind for what is happening here with the .ang seng geopolitics and politics, presumably the also for the markets today. avid: let's get back to the trade war between the two largest economies in the world. we have a meeting underway in papa new guinea. >> the chinese president is expected to take center stage. about the u.s.s administration's ambitious plans to counteract the belt and road initiative. steve, taken away. -- take it away. steve: we are aboard the pacific explorer. see -- inthe coral the coral sea in the south pacific. the chinese president flew in last night. apecf the first leaders of to arrive will be talking with some pacific island leaders. donald trump is not attending. mike pence will be here. but he is not staying on either of the three ships. he will be flying in and out over the weekend. other world leaders will be here as well. that includes the australian prime minister. chinese investment is at the forefront. chinese flags are flying al

you have much more evenly distributed gains. decrease initially. increases over five years then smaller decreases than the smallesmallerthe smallsmaller p. another one is the actual audit to explicitly value the supplemental cola in the funding valuation. increase in liability close to $2 billion am moretised over 20 years. the current funding policy for assumption changes over three to five years. going forward any variances in the supplemental cola am moretised gains or losses over 20 years. this graft shows the pattern what we talked about the 2017 baseline, updates to 2018 with assets and supplemental cola, prefunding that supplemental cola increase in contribution rate, highest. it does converge with the 2017 baseline in 10 years. then we haven't talked about. expanding the supplemental cola from five to 10 years and phasing it in over five years. with that i will pass it to bill to talk about the economic assumptions. >> we presented the economic assumptions back in august. the recommendations were to consider reducing the price inflation to

further gains.we are hitting off from the top, we are seeing in the asian session trade numbers are showing resilience, robustness when it comes to export and import numbers. we are seeing continued frontloading of shipments. it certainly is looking favorable for assets here today. 0.9%.ng seng about let show you a terminal chart in particular, how china -- how important china is. we are seeing the correlation rising to a record against the shanghai composite to the msci asia benchmark. this is bloomberg. ♪ this is bloomberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. [ready forngs ] christm

amazon and twitter had great days. 5% gains apiece.l news it is reinventing itself. big shares gained 5% after the plans to cut 15% of the salaried work force. >>> taco bell has moved back into london after two decades. opening four locations which is part of the broader expansion in hopes to gain customers with beer. the first thing you notice is the beer dispenser at the counter. the food tastes the same as in the u.s. there are design differences with an open kitchen layout annuan and wall paper and long tables with bar stools. beer. >> and doritos tacos locos. nothing says an imagimagic on a. >>> ahead, receiseven months an million miles a smooth landing. "insight" begins its mission on mars. ♪um-bum-bum♪ t-mobile believes it's better to give than to receive. some may disagree. (scream) no! others won't believe it. no! no! and some just won't have the words. (laugh) join t-mobile and get the samsung galaxy s9 free. we look forward to your reactions. (scream) ♪ bum-bum-bum-bum-bum opportunity is everywhere. like here. where you can

the dollar holds its gains.am fades, heads for its longest losing streak on record after entering a bear market. opec and allies meet this weekend.

but it is sequentially strong for gains.o new games -- yvonne: the ones approved before >> >> yeah, they have done quite well. mobilesee a rise in games revenue, which could be taken quite positively. it is the longer-term outlook for the games business. the impact of these regulations are really going to be questioned 20 they come out with this earnings a statement. >> obviously, the approval freeze still on, we all understand that a market has plenty of players and approval will start again. but i think the industry will be different moving forward. first of all, fewer games may be approved than before. approvalsthese games may come with more stringent conditions such as a restriction on playing time for minors. verification, anti-addiction controls. , thisate of the market could put pressure on tencent. the company has a very strong position on the game market in china, regulatory pressures can -- yvonne: really quickly, are we expecting decline in profitability? >> games are their most profitable business. if that slows

has to perhaps gain some ground oi’ come prime minister has to perhaps gain some ground or come backatisfy critics of her brexit agreement in the conservative party and beyond. i don't think anyone is expecting any huge concessions or changes to that draft deal at this late stage. we are just hearing a spokesman for the eu commission saying, quote, very good progress made in the meeting between presidentjean—claude juncker and the prime minister, work is continuing. it sounds like they have made progress but as you say, although the revolt against theresa may from the backbenchers appears to have stalled, she is under pressure not to give much ground in brussels oi’ not to give much ground in brussels or concede too much in the latest negotiations. the positive sounds from the eu side. i think that will be good news for downing street as well if they are talking about progress having been made. the last thing theresa may and the government wa nt thing theresa may and the government want at this stage is a stumbling block for a repeat of what we saw that previous eu summits where ever

the dollar holds its gains. wti crudeream fades, heads for its longest losing streak on record after entering a bear market. opec and allies meet this weekend. relationship building. goldman sachs's lloyd blankfein said to have forged ties with indonesia's sovereign wealth fund. it is friday morning and we are less than half hour away from the european cash equities session of the week. this is the picture across equity market futures right now. you are expected to go weaker at the start of trade. the asian session has been weak, so after the fed, asian equities selling off and the expectation was the fed would continue its rate hike path, but maybe some thought the fed would give more language that acknowledged turmoil in markets and other headwinds, but it was an unchanged fed. as a result, we saw a little risk and version on -- risk aversion on asia. had to do that the chinese story with regards to bank lending to the private sector. there are a few reasons to selloff, it seems. let's look at the gmm and we s

the republicans gained in pittsburgh, they look like they have gained in that congressional districtow many moderate democrats have done well. people like a democrat in new jersey, a former navy helicopter pilot. the lesson from that may be that the democrats need to field a moderate candidate in the presidential election. but a lot of the millennium is —— millennials in this bar tonight were cheering those on the left of the party. and florida looks like it is becoming more of a republican state at the moment and that is difficult when you are trying to establish a... in colorado, jared polis has become the first openly gay man to be elected a state governor in the us (00v) going up against stapleton, the state treasurer for colorado, to fill outgoing governorjohn hickenlooper‘s seat, polis won the primary election with approximately 44 per cent of the vote. he‘s served five terms as a congressman in colorado in colorado we dream, we did and we do, whether it is embracing new ideas or hiking our amazing mountains, we don‘t back down when something is challenging, we see problems as

we saw a pair of gains in the wall street session.th headlines saying that peter navarro would not be taking part in the g20 summit. china futures are positive here today. it's a good idea to talk about some of these the down casino stocks -- beaten down casino stocks. is reiteringating the buy rating in the u.s., that there could be a conservative view of this outlook. we will see how shares trade in the hong kong session. and a rating's boost from moody's for this company. tencent is poisteed to rise abot 2%. they are partnering with a blockchain e-sports platform to deliver 24 hour e-sports coverage. david: this is bloomberg. ♪ ♪ [ phone rings ] what?! ready for christmas? no, it's way too early to be annoyed by christmas. you just need some holiday spirit! that's it! this feud just went mobile. with xfinity xfi you get the best wifi experience at home. and with xfinity mobile, you get the best wireless coverage for your phone. ...you're about to find out! you don't even know where i live... hello! see the grinch in theaters by say

more gain scent plus oxi boost and febreze makes gain flings our best gain ever. in.eriously good scent. we care about using cage-free eggs. and we care about amazing taste. because at hellmann's, we've been making the best mayonnaise for over 100 years. >>> we're going to fill you in on all the warnings about the best time toe. le for some people, they have no choice, right? >> sure. new overnight, the trump administration cannot refuse asylum for immigrants that cross the southern border illegally. the federal judge issued a temporary restraining order yesterday and now u.s. troops rushed to stop the migrant caravan and may stop coming home this week just as somehe of migrants begin to arrive. >> tracy is live on capitol hill following the latest. how will this play out or the holiday. >> we can see three things. first of all, more people riving at legal ports of entry starting to fill up with these migrants starting to arrive.ou that were there just before the election will be coming home beginni over the thanksgiving holiday. all 5800 expected to be home before ch

but all three indexes still gained more than 2% for the week. the s&p and the nasdaq, it was the best week since may. still to come on the nr: we look at the latest jobs report, which shows avere earnings up 3%. what a new round of economic sanctions could mean for iran. unpacking the latest polls, ahead of the midterm elections. and, much more. f: >> woodrs we just heard, the monthly jobs report came e th lots of good news today, just four days befe election, and building again on eight-plus consecutive years of job growth. amna naz gets some quick takeaways about the larger picture. >> nawaz: judy, some othe better news: a quarter of a million new jobs were added. the wage boost-- 3%, year over 00year-- is the best since and the official unemployment rate itself remains at its lowe rate in decades. but, there are still concerns over trade and tariffs, and the stock market has been especially volatile throughout october. the dow jones industrial average has given back all of its gains for the year.le for mores bring in heather long. she's an ec