he worked for georgieva. he was on bloomberg television today with david weston.e said actually it's embarrassing to see all these allegations coming out. and when you listen to him you get the sense he feels they are probably true. that this kind of thing was happening around this -- doing business ranking as it got more and more hype around it. let's listen to paul reomer. >> these bankings have become a point of pride and real competition between countries. so there's always some pressure from countries to try and adjust their scores. they get it -- an advanced warning about what their ranking will be each year. and the underlying problem here is that there was a willingness inside the bank to go back and basically change the numbers to favor a particular country in this country china. kathleen: fair of any. -- fair enough. people say there are politics involved when you see france and the u.k. saying they just don't see clear evidence against georgieva when you see italian officials saying we -- we're sticking up for -- the europeans as well. maybe more damagi

kristalina georgieva also one support from the u.s., france, and the united kingdom.st airlines has apologized for canceling more than 3000 flights over four days. the carrier says a shortage of workers overlapped with storms and an air traffic control disruption. the executive vice president denied claims that pilots were staging a sickout over covid vaccine mandates. two academics at u.s. institutions have won the nobel prize for economics. they were honored for their work analyzing labor market and natural experiments. the swedish academy of sciences says that three demonstrated that many of society's biggest questions can be answered. >> i think we have certainly err ed on the side of putting too much faith in models. they have been trying to make these methods more robust. vonnie: global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. ♪ yvonne: some lines crossing in the bok press, the governor sounding more hawkish, saying that they will

georgieva. -- managing director kristalina georgieva. that will really be the undercurrent of those meetings, less so what if they say about the global economy and those forecasts. also in terms of meetings today, kicking off the annual institute of international finance is a virtual event. interesting to hear the commentary around the banking environment, especially given we get all of those big bank earnings beginning on wednesday jp morgan. that will run through friday the 15th. finally, chicago fed president charles evans will be speaking at an event. the question is, what does the payrolls print mean? is a november taper still the most likely scenario? jonathan: we needed a reasonable report, and a lot of people think that is it. november 3 is the next meeting. on private equity, we thought at carlyle, ppg, apollo, not kkr. henry kravis, 77, george roberts, 78, two of the founders of this company, stepping aside for new leadership. tom: henry doesn't like to get up early in the morning. rob

what does clarida do, what does georgieva do in the bright lights? thank you for giving me this opportunity. you know i've got a somewhat special relationship with her. she is an esteemed bulgarian phd. she's got a ps factor of zero. i am going to stop the show and go managing director, this is about evidence. is there any lurking evidence, or do you have full confidence the long firm -- the law firm or others aren't going to find further evidence. jonathan: if they put out a business report right now and you saw -- would you believe in it? tom: i think you have to look at the executive process and say you've got research integrity at any institution, whether it is boj, imf, world bank, whatever. are the executives meddling with those research projects? it is as clear as that. tom: the research -- jonathan: the research should be unvarnished, and i am not sure it is anymore. that is the problem. tom: they have to sell integrity going forward. jonathan: i hope you get that conversation. tom: we are working on it. it is a little delicate. my biggest pr

georgieva has denied any wrongdoing. the u.s.nd european union plan to announce that at least 20 more countries will join the pledge to reduce emissions. canada and germany are among them. methane is one of the most powerful greenhouse gases. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm leigh-ann gerrans. this is bloomberg. ♪ ♪ jonathan: from new york city this morning, good morning. on tv, on radio, alongside tom keene and kailey leinz, i'm jonathan ferro. lisa back with us tomorrow. on the s&p, down 0.4%. bond market closed in america, open in germany. we are -12. in the fx market, euro-dollar $1.1573. crude on wti just short of $82. you've won the nobel prize for economics, but you don't know. the phone rings. do you pick up the phone? tom: i don't know if you pick up the phone, but that is the great tradition, and maybe you miss it a few times. of the three men this morning, this is the mentor did the hard work at brown univer

is the imf's largest shareholder and could ask georgieva to resign.rg has learned the european central bank is studying a new bond buying program that would be used to prevent market turmoil when emergency purchases get phased out next year. the plan would replace the existing crisis tool and complement an older easing scheme. bnp paribas once to reward investors after the end of a cap on dividends. bloomberg has learned the french bank is explored a number of scenarios, including raising its payout to 6% of annual profit. fifa soccer videogames macy's to exist in their current form after publisher electronic arts says it may rename them. ea is exploring the naming rights agreement with fifa, soccer's international governing body. that deal is separate from ea's other official partnerships and licenses. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> is really about whether investors are trying to get the next days or

partnership with american airlines >>> and we will speak to the imf managing director kristalina georgieva ahead of the g20 and cop26 summits. >> let's first focus on the big stories we're watching today mike, let's start off with the broader markets. the s&p flat >> a bit of an uneven performance aside from the indexes. well, if you mentioned microsoft, alphabet, you can throw tesla in there that's responsible for the s&p being positive the vast majority of stocks are actually in pull-back mode today. a little bit of a fatigued market seems like it's taking its toll on the average stock the index is holding to the highs still looking like we have the sort of seasonal shakeout. yes, you get fourth quarter strength typically, but it doesn't always come on cue and it's not simply every day. take a look at the lop-sided nature of the recent gains in the nasdaq 100 even. it's obviously more pronounced even than the s&p 500. also the biggest five in the s&p 500. they're responsible for about 40% of the weight of the nasdaq 100. this is the equal weighted version of that same index and you can s

georgieva has denied any wrongdoing.n new zealand have been tasting freedom at the coronavirus lockdown. new south wales has been one of the most prominent success stories and containing the coronavirus under the strictest orders when the delta variant hit back in june. residents who are fully vaccinated can visit non-essential retail stores, pups, and gyms. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm laura wright. this is bloomberg. alix: thanks so much. i feel like there's two parts to this. it is interesting to see how sydney is dealing with that zero-tolerance policy. if this lockdown spurs vaccination take-up, which has been lacking because they were so successful i really containing the disease the first time. the second point, i finally ate indoors in a restaurant on friday. guy: that is probably the more significant point. this is one of those kind of indicators that we are all looking for, one of those markers t

georgieva has denied any wrongdoing.n indication of a stronger they were market may lead the bank of england to raise interest rates. payrolls rose by a record 207,000 in september. meanwhile, job vacancies rose 1.2 million, also a record high. bitcoin is flirting with a run towards its all-time high. largest cryptocurrency will see that happen. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i million get. this is bloomberg. . -- i'm leigh-ann gerrans. this is bloomberg. ♪ >> it certainly could go to $90. in addition to everything else that is happening, people around the world, particularly in europe and china, are switching from some natural gas to oil, so suddenly you have this upward pressure on oil demand that wasn't in the forecast a month ago. jonathan: wonderful to hear from dan yergin there, the ihs markit chairman and so much more. can we call him a commodity historian? tom: yes. jonathan: absolutely. from new york ci

the imf has decided to keep kristalina georgieva as managing director. lender has been examining allegations of improper actions during her time working at the world bank. janet yellen says there was no basis for a change in imf leadership. she also won support from european nations including france and the u.k. germany's social democrats met with coalition allies for more than 10 hours of discussions yesterday. the greens urged that relief for pandemic hit e.u. nations while the business friendly free democrats reaffirmed no tax increases. speaking to debt limits. for more hours of talks as olaf scholz continues his bid to succeed angela merkel. thailand unveiled a roadmap to revise its tourism reliant economy by -- vaccinated visitors. visitors from 10 low risk countries including the u.s., china, germany, and the u.k. will not be required to undergo isolation on arrival from november 1. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. dani:

-- dialing 1- 800 georgieva?e the tools amid crisis? jonathan: what are they saying about it now? tom: it is a raging debate, all of it derailed by the destruction that dr. el-erian talked about, of the world bank and the imf and data transparency. it is a most odd set of meetings here. it is all wrapped around china. the real discussion here is whether em, is it the old em, or is there something new going on? jonathan: from new york city this morning, coming up shortly, not ella val -- shortly, not you -- shortly, nadia lovell of ubs. this is bloomberg. >> another exclusive bnp paribas open update for bloomberg tv and radio from tennis channel. the first women's semifinal is set, and a huge upset in the men's draw wednesday at indian wells. two-time champion viktoria azarenka powered her way into the final four for the fourth time in her career. >> it feels like you are starting from the beginning, so i am really happy, and i am motivated to keep going. >> earlier, grigor dmitrov upset the u.s. champ and top see

pressured world bank staff to altered data to favour china in her previous role at the world bank —— georgievas but the lack of evidence meant a change of leadership wasn't required. 24 required. 2a countries have joined the us and eu led effort to slash methane emissions by 30% by 2030 from current levels. nigeria, japan and pakistan are among the new signatories to the global methane pledge. if fulfilled, it would have a significant impact on the energy, agriculture and waste sectors responsible for the bulk of methane emissions. the chief executive believes crypto currencies will eventually be regulated by government and he personally thinks bitcoin is worthless. he has been vocal of the digital currency, once calling fraud and later saying he regretted the statement. this let's return to the subject of energy, but now we are focusing on coal and coal futures energy, but now we are focusing on coal and coalfutures in china have hit record highs, jumping some i2% after heavy rains and flooding fourth minute downs in china by the biggest coal producing region. the floods have closed minds tha

su: imf managing director kristalina georgieva is preparing to fight claims about tampering with theld bank report she has hired white-collar defense attorney lenny brower to defend her. she is accused of pressuring staff to refresh data in china's favor. her attorney says there are, quote, "substance of errors in the allegations." and on the topic of covid-related travel, the u.k. has eased entry rules for 47 countries and territories that were previously subject to the tightest of covid rules. visitors from south africa, mexico, brazil and other destinations, will now be able to avoid a 10-day hotel quarantine. only seven nations in latin america are to remain on the so-called red list starting monday. the u.k. will also recognize vaccine certificates from more countries. and in japan, a magnitude 6.1 quake struck near tokyo on thursday, the most powerful to be felt for japan's capital since march of 2011. train services were disrupted and power briefly knocked out in parts of the city. some injuries were reported. while earthquakes are frequent in japan, tremors these strong are r

georgieva or whoever follows on from david malpass at the world bank, will they be tinged by this?s she have too much baggage now to do her job for the remaining three years? joseph: absolutely not. in fact, if you look closely at what she did, she stood up for data integrity. what she said is we are not going to monkey with the methodology. she instructed her staff to make sure the data is right, do exactly what i would have done if i were in that position, and it turned out that when they looked at the data, there were some rounding errors, they adjusted some things, and this whole controversy is about whether china was 83rd or 75th in the ranking area that difference is not statistically significant. it is basically a tie. what they said was our data confirmed what we said before. what they should have done was explained the lack of statistical significance in this difference between 75 and 83rd. lisa: there's a broader story of increasing politicization of central bankers in general, of some of the financial authorities around the world. i thing about this with the federal rese

but when it comes to the and christiana georgia -- kristalina georgieva, her speech will be closely watchedsession becomes a lame-duck, regarding that report at the world bank. that would happen, as you say, lisa, institutions like the imf, people will essentially potentially not pay as much attention to. it is important to note yesterday with the imf report to my number of people are paying attention to that, especially if they lowered the growth forecast and they mentioned supply chain disruption. lisa: that is where i wanted to go. for the record, i am very glad tom is down there. i wanted to ask about the 2:20 p.m. speech from president biden today where he plans to address the supply chain disruptions, especially on the sales from apple we got from bloomberg yesterday. what we do to reduce these frictions that are ongoing? annmarie: that is a great question. what power does the administration have over private companies and labor unions ? what the white house has been doing is setting up a task force, become an interlock are these groups to try to ease some of these supply chain disrup

wouldn't to get your help in addressing the business scandal that has erected in the imf and kristalina georgieva feel like your research is going to have a credit ability problem, and what do you feel like you need to do to backstop it? gita: as you saw, the board came out with a strong statement expressing full confidence in the managing director. the issue about the data had nothing to do with the imf. it was about the world bank doing business reports. we place an incredible amount of importance on data integrity at the imf. we have many checks and balances, multiple departments, multiple economies reviewing our data forecasts, so i feel good about where we are. guy: you have been put under no pressure to make the data fit the narrative that is being delivered for the rep? that hasn't -- delivered further up? there's no evidence of that happening at the imf? gita: absolutely not. i have personally never face that pressure. guy: thank you very much for your time today. we look forward to the next installment of your economic outlook is a great deal of interest. gita gopinath, imf chief economi

clearing the way for georgieva to stay in her job.ws 24 hours a day, on , air and on bloomberg quicktake, powered by more than 2,700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. haidi? haidi: after the august high, and economist will be joining us, but coming up next, investors left in limbo amid reports of a crackdown with katrina ell. this is bloomberg. ♪ haidi: -- shery: we are seeing signs of a debt crisis while other developers grappled to avoid defaults. let's bring in john. evergrande still not paying bond investors? >> the latest coupon, as far as we know, the holders have not received that payment. evergrande, the first they missed was in the back of september. there is a 30-day risk, so we are looking at october before potentially the company could default on these payments. the risk is obviously the default on one coupon payment could trigger across to other bonds, and that could have a ripple effect in the market. haidi: and, john, a lot of soul-searching for policymakers? are

juliette: the imf board has decided to keep kristalina georgieva as managing director.he lender has been examining allegations of improper actions during her time working at the world bank. janet yellen says there was no basis for a change in imf leadership and she also won support from european nations including france and the u.k. a parliamentary inquiry has found the u.k. government made serious mistakes in its early handling of the covid pandemic. the sharply critical report says many lives would have been saved if a full lockdown had been imposed more quickly. it said the country adopted a fatalistic approach to covid early last year and failed to learn from east asian countries that halted the spread using swift lockdown and mass testings. coal futures have surged to a record for a second day in china as another key mining region suffered flooding. two minds are reported to have been impacted by heavy rainfall. this comes after floods closed some 10% of coal mines in the country''s biggest coal producing region in recent days. global news, 24 hours a day, on air a

kristalina georgieva charged that she did -- they came out in support of her including the number onetly the united states of america. janet yellen had a call with her last night and she did back her and said the allegations raised legitimate issues and concerns and steps must be taken to reinforce data integrity and credibility at the imf the job of the managing director is safe for now. and i think the question is whether the biden administration could get blowback for backing her especially in the attempt to be tough on china. the evidence ultimately according to the board members just wasn't fully there in that report that she really intervened enough in the time. a ceo of world bank. pushing for china to move up in the rankings just looking into it. >> the way they're operated you get the backing from the united states you are safe. >> it is all voting. u.s. has the most votes and the european countries follow the u.s. on this stuff. >> interesting stuff. >>> james bull around will weigh in on the state of the economy and what's next for interest rates and curevac giving up on th