tom: which is a big deal. it is a general rule that 3% is global recession. percent.e than .1 -- .1%. is there a lot going on today? francine: there's a lot going on. we will speak to catherine mann. they're managing the debt. conditions they see in advanced economies. tom: deutsche bank has been on top of this. a shift toward financial instability for next year. francine: we have ocd -- oecd. >> terrorism charges have been filed against the man accused of setting off bombs in new york and new jersey. a complaint says that rahami planned the attack for months. prosecutors say he praised osama bin laden and hoped the bombs would be heard in the streets and he was captured in a shootout with police. british lawmakers -- two defeat islamic state. parliaments defense committee says the u.k. and its allies need a grand strategy to defeat the extremists. the effect -- the panel supports the strategy of air power and political progress. the white house is charging russian warplanes attacked convoys in syria. another damaging blow to a shaky cease-fire. the kremlin h

the content that is on twitter is live and it is live sports. air to their first football game. david: i just watched it. michael: with 137 million euros -- million users, you you have to be sure it is going to grow. david: michael wolf, thank you so much for joining us today. alix: the market stretching just stressing over its liquidity. here is the fact deutsche bank capital is the line in orange. it's peers are about 12.8%. the trigger, it needs to fall below 5.125%. where well above that level. john cryan says to his employees today that the bank has 215 billion euros in liquidity. joining us now is a steve rattner. steve, the market not buying it. what the facts are, what john cryan is saying. what do you tell john cryan? steve: the facts are not clear. this is a fast-moving situation. liquidity is a very ephemeral concept. liquidity at one moment can ceased to be liquidity at the next moment. secondly when a bank is trading at .25, you have to raise questions about what you have on the asset side of that balance sheet and whether that is a

bob: i think there is. there is a -- this is a broader global story.here are very few people who are willing to pile into risk. there may be some portfolio stuff going on. around half the world that we talked to is petrified. worries that everything is completely wrong to together half is waiting for the list of nominal growth and inflation. the fed is kind of surfing that little ways. bob -- guy: bob, stays with us. we get bob's take on what is happening and we are minutes away from the european equity market open. a weaker u.s. market as forecast earnings growth ahead. apple. ceo, europe's we will talk about those stories next. this is bloomberg. the market open, nine minutes away. ♪ guy: 7:53 in london and we are minutes away from the market open. the first one is noble nordic has a new cdo -- a new ceo. has delivered some stunning performances. this is the chart i have compared it with an unlikely candidate. this is apple in the blue line and this is no more nordisk in the white line. look at the match you see, the parallel performance you see comi

is it technical? is it fundamental? at the apple -- in line at the apple store to buy your iphone? tom: i did it in april. what did you learn about oil this week? alix: you have goldman sachs saying lower for longer. oil is recalibrating the investment potential. 50 others are saying we are going to see higher oil because it is a tighter investment now. tom: "bloomberg " coming up. final thoughts with lakshman achuthan. i want to talk about the clear and present paycheck, which, i guess, is pretty good for america. lakshman: there was a story earlier that wages have really bounced back. absolutely true. but because the deflator used to calculate that went to zero when oil plunged and you had a firming and economic growth, which is now behind us. since early 15, we have been slowing again. that's after that income data. the income issue is, with little fits and starts, not going to change dramatically. that's the fundamental problem. and that's all part of the slower and slower growth that we are having. the tiny bit

what is a law is a law to the extent it is enforced. >> is it important because we increase the penalties for this and shortening the time. it may effect small business. >> pepsi sign even though it is-that is fine because anything already in place when the law came into affect was grand fathered so this general ad sign where you see the pepsi, that was there before the ordinance was voted in. >> i just don't want to [inaudible] whether it is grand fathered or otherwise. it is a fact that it will somewhat effect-could effect small business. that's all. it isn't like it will change the definition but it is shortening the time and increasing the penalties. we should admit that at least. that is a fact. >> i think it is a fact and in my comments i think there is nexability flexibility to allow the city to work compliance and not jump towards fines. that should be reserved and think will be reserved for verizon putting up a 25 story ad. >> good. >> you can quote me on that when it comes to a court of law. >> thank you for your prezen itation. thank you commissioner adams because that makes a

uber is pretty adamant that this is a prototype.ave some further along models that look a bit isn't quite the hat as pronounced. i think that long-term some of this stuff will be built-in. on the other hand, i don't know how you get around that spinning thing, so they will look different. then we are used to. david: what about people who are watching all of this unfold? when this was announced, emily chang here interviewed the mayor of pittsburgh. said the city was etc. -- excited about being a testing ground. were people apprehensive? max: we got some funny looks. people shouting on the street -- what is that -- that kind of thing. of uber drivers about this and they generally shrug at it. i think mostly because they see it correctly is kind of a long-term thing. most uber drivers, it is a second job or something they are doing temporarily. they are not thinking that they will be out of work in 20 years, though you could imagine that this played out in a long time scale, that could happen. it, max.preciate more of that story and al

the bad news is that this is and right as rush hour is starting. so the crash is moved and this is really the only one right now. now it is just a little bit busy out there. 17 southbound and thomas, matt. >>> all right, thanks. the man accused of running over three police officers with his car at a gas station is suppose today have a court hearing- -supposed to have a court hearing this morning. >> reporter: yes, good morning to ylt suspect, mark payne could be seen here later today, but he was in the hospital over the weekend and we don't know yet what condition he is in. now if he makes it in front of a judge today, as planned, he is facing two counts of attempted first degree murder: now this is after he tried to run of three phoenix police officers last tuesday. and 89 police chief called it a the officers were at the quicktrip meeting after finishing a call. the officers hit include a 31- year-old sergeant and a 33-year- old officer who just graduated from the police academy. they were standing in front of the q t when a driver slam intoed tw

it is grant. so, the way i understand it is that staff and our-manue come up with the table to further give incentive within the budget to encourage the landlord to enter into an agreement by lowering the and getting the entire discretionary amount of the grant versing a percent used to reduction of rent by keeping the yearly increase below a certain threshold. the grant itself initially at the outset does not allocate the amount toward reduction of rent. so in our discussion using that conceptual-that is how i understand it, if i'm correct, manue, is that creth? >> i think that is correct. just to be clear, our office isn't taking a policy view on this, i'm just explaining what the options before the commission. >> this is where this is part of that and rules and regs of the commission and where the commission has some room to sort of provide some more clarity in a particular direction and so as staff we are thinking about things and so this is just-we brought this to see what your initial take o

is it going to, if it is cyclical? if it is structural, that will not make it and -- that will not make a dent. david: we need less -- jack: we need less government. along with infrastructure, we cannot agree on infrastructure. and productivity is very low. , etc.lk about automation -- if automation were doing that much for us, we would have higher productivity. alix: that is an issue, too. are we miss measuring productivity? ,here we are getting the gains bringing into the efficacy of can you trust the economic data, the data that we get with gdp? i did not like it in 2012. jack: i still do not like it very much. we have real problems. we change it every week. we change the way we measure, we change jobs, gdp. who knows right now? david: let me ask you the unanswerable question. if you had faced, during your time at ge, the sort of regulatory burden you have now, could you have created ge into what it was? coulda, i don't know. let's say we had a pretty nice environment in the 1980's and 1990's. the wind was at our ba

guy: i think one mario draghi is doing, he is listening -- the ecb is listening to what is happeningkyo. the boj is having a review. the boj is rethinking what it may do. the curve is steepening up. this is what we will focus on. we saw a wobble a few days back when there was the idea that may be the boj would not find the back end of the curve he of the curve started to steepen, and maybe this is what mario draghi will deliver as well. you effectively deliver a rate cut. you buy the front and/or push rates a little lower. great for the banks. let me turn to my terminal and show you what is happening on my bloomberg. this is the gr function for the stoxx 600. as you can see, the banks are really trading to the upside. the banks are outperforming. and look -- we have got, average at the same level of the european banks. the moving average is at the same level as the european banks. the banks could be a big day in here. that is what europe needs because this is the transmission mechanism over here. erik: we will dig deeper into some of these top headlines later in the program. what is

which is what she is trying to do. she is trying to say i am more sober and more experienced. he says things that are ridiculous. we will have evidence like this in the future. anybody in the oval office can but for some, republican voters and it is true what you say, the republican party generically speaking is an higher regard. mark: many say if terror is front and center it will help trump. it is clear neither side will get quarter, they recognize when the stomachs the news this is what they have to talk about. this is the train they have to fight on. president obama happens to be in new york city today because he is attending the opening of the un's general assembly. he did take time out to speak to the country about the attacks just as the reports of the bombing suspect in the new york and new jersey cases is being arrested and starting to emerge. he stuck to his now patented and notable calm and measured approach which he usually exhibits in the aftermath of terror attacks. president obama: at moments like rememb

this is bloomberg. ♪ guy: it is 7:54 in london. but istanbul trading is underway. lira is getting crunched and the bond market is moving aggressively. the equity market is down 4%. the banking sector is down nearly 5% this morning. this after the advisor to the president says this represents a financial attack on the country. let's talk about some of the stocks we're watching in europe. would you ban deutsche bank is . john cryan, indicating the government will not back stock deutsche bank. i think a lot of people will question that. commerzbank is also in focus. the meeting will start today. it might have are they got underway. they are talking about what the shape and structure of thougwhat that bank is going to be. we are dissipating the announcement, coming out later this week. the banking sector is remaining front and center for germany. a quick look at this chart, the deutsche bank koco. marilyn watson is still with us from black. european financial credit. is that where i want to be, briefly? >> selectively, yes. a lot of the value can be found in european f

is that a buy signal? this is bloomberg. ♪ alix: it is finally official.er is buying than santa. the number -- monsanto. the number we have been debating comes to be about 56 dollars. -- $56 billion. in terms of breakup fees the number you need to know is to billion dollars. sees the deal adding to sales in the first full year after the close and double-digit percentage in the third full-year. they're going to do it through equity and debt. $128 per share. there up by almost 2%. monsanto barely up in premarket. $20 below that offer price. $19 billion to be raised by convertible bonds. 107 in the market. you wonder how to explain that spread. why we have a $2 billion breakup fee. if the regulator premium so to speak. you wonder how much negotiation was done on the overall price and how much did $2 billion really feel this deal. david: it's a problem related to dispositions that there is going to have to make. the regulators are going to have to sell stuff. alix: julian emanuel of ubs is still with us. seen tieups like this in china chemical. >> there is ple

even if it is a 5% sell of off -- which is bk's argument which is probonds. >> it is going to be probonds and pro-utility and pro-staples. everything sells off together with the market. maybe bonds. >> at least bonds give you a -- >> you are selling your financial. >> exactly. that's because the a lot live born is hot. that's why i am in financial. the short end of the cart that's where they are going to get the leverage. it is a trade. people thinking they're going to get this rate hike and they're making money off of these hi hirees. >> if we do get a slam dunk number for tomorrow. >> they still have to buy. tony dwyer is joining us. >> the fundamentals have not changed. credit has been a good shape outside beginning of the year. when look at the national financial conditions, there is no real stress in the system. unless you have an in version of the yield curve, a possible fed fund rates by more than 2% or some stress ramping, you don't want to sell the market. it is hard to get aggressive on weakness as brazoss is talking about. if i am over weight going into these numbers, i recomme

what is interesting is there is public demand for the model 3.a super excited about a highly styled luxury car that is more affordable. the big azido is, can tesla make it on time? july first, 2017 is 10 months away. not a lot of time. david: we talked to devon who wrote a piece about amazon on how they are holding up their delivery system. tesla is doing the same thing, starting from scratch if you years ago and built a company that can manufacture cars. that is a difficult process. >> i think the hat trick here is launching a new car or model is difficult for any automaker. tesla is trying to vastly increase its mining production. they only delivered 50,000 cars last year. they are talking about building 500,000 by 2018. they have to launch a new model and scale it and doing that requires retooling their factory in fremont with new equipment. that is all in process, too. they are building the machine that will build the machine at the same time. carol: reporter brendan greeley took a trip. we spoke to brandon. how did this company come to your

that concern is is there and one way? the index is down 2.6%. guess who else is back?ows a rating and this break of the trend is likely to get something 90 two markets. it was one for eight days but that was back in 1995. what does that mean? we are going to seize them downward pressure as the look at the pressure. he is normally quite dovish but inare looking some downside japan of horse. -- of course. in sydney, a big fall expected air. -- there. this is the mind survey. coffee, we are expecting a bit more downside. it is going to try and change korea -- north korea following that attend on friday. >> what stocks are you going to be watching? is one.: samsung they are telling its customers not to charge its own but also to turn them off to this fire risk. its biggest shareholder and then -- be looking at the results. these health care stocks were a little weaker. he said he really likes australian health care stocks. risen.star has was a look at how the markets are shaping up this running. the bond market off complacency was shaken on friday. here we see the u.s. 30

that is what trade is all about.de --n eyes global trade.ize global stop that is to build more markets and we have to be able to sell our goods and services. ,hat is why ttp is so important why the xm bank is so important. all of these things create jobs for americans. david: about ttp, you wrote thaty strongly about recently. tell us why that is so critical. michael: you will find all these asian countries signing trade deals with china and we will be left out of that market. it is half the people in the world in asia. you cannot not do business that if we have our hands tied for lack of contact or treaties, it does not bode well for america. it is easy to stand up and blame global trade for everything. truth of the matter is we have to trade. if we are going to create jobs for americans over here, have to sell our products over there and have good bargains for our consumers. we have to be able to trade and buy things from overseas. the fly in the ointment is technology, which will be the spoils for those with a bet

it is 2-3 -- water is about 2-3 feet tall and there is a bought layer and that is off the ground and look on the other side. through and -- water coming through but you can see it is the grass and the side walk there and things like that. the image how much worse it would be if it was hit by this water on uneven territory it could would get through much easier. they are able to hold off 3 feet of water and that makes their case and the owner says that he still now battling off and left to his own devices to battle off those water bumping against his building and home made flood protection he was here with kbrends one happened to have -- friends and happened to have a front end loader but he made them himself and a mesfrj the city too. one more update too. -- message for the city to. you see heavy machinery and earlier on in the night one of the employees was seeing a lot of sand bags coming down here it seems they had a break in the wall down there and that city worker was telling us he was part of the crew that was fixing it and they were going to throes, break and they were able to

equality is job one, and it is an important part of who salesforce is.hing across the planet and it can rear its head in many ways. in georgia, fortunately the law was not sign. the law was signed in north carolina and you can see how the world reacts. basketball teams will not play in north carolina, businesses will not set up shop, like paypal, in north carolina. there is broad vindication for the of cbt community that if you make these kinds of laws, you will pay a price. you will get less investment and i guess, less basketball, too. brad: are we likely to see coordinated action? marc: you are likely to see that. that's how we got it in indiana turned around. mike pence had signed the discriminatory law into place and important industries came in and said we will not stand for this kind of discrimination against our employees. it almost happened in georgia, where the senate set the law to the governor but the governor push back when he saw how many companies stood against it. we are dealing with it again in north carolina and i've been very heartened

[laughter] stephen: that is a problem and that is changing. your data is nowhere.want to manage your health or a population's health and you don't have data in fundamental databases to do analysis on it, you can't really change health care for the better. you can't lower costs or improve quality. that is where we are sitting today. you've got 100% of doctors using digital health records. now you can do things happening in other industries like complex data analytics. that can really improve the quality of care and the cost of care. emily: where do you see the most potential for disruption? stephen: i think it is the analytical layer on top of these companies. you have companies like flat iron, or catalyst health that have raised attractive rounds. those are promising companies. i think consumerization of health. there are many things that are happening in the healthcare ecosystem. you see the rise of individual exchanges and you see individuals having to pay $1000 or more. only 10% of, patients had to pay $1000 of deductibles. now it is 50%. individuals are bearing

nothe reality is is it is giving us the growth that we

is thision to you is, outside korea? or is this again, concerned about central banks not back in molitor policy? policy?acking monetary >> absolutely the second one. army going to see that ecb make an additional move, loosen up its rules with regards to further bond purchases? is the bank of england going to make that next move? all of these things that have driven this bond rally continue to drive it. we can argue whether it is crazy . this seems like a black hole of negative rates, but that is what is driving it. equities from currencies to commodities are on the back of that. manus: the cross market contagion index, we were looking at this. it is at the highest since 2008. the question they posture this morning is, are we in panic or bubble territory, or is something else in play? you are not in panic mode, as an fx man, are you? >> it rings a huge amount of alarm bells, because it looks like any major carry trade over the last 10 years. of,ou are looking in terms the volatility in the foreign exchange markets, there

that is some of this bs that is on the web.hat is on facebook, and that is the problem with media today is this stuff that populates our facebook feeds and twitter feeds, and it becomes this innuendo we don't just see on the front page of "the national enquirer," but it also seeps into the public discourse. that is why the hannitys are responsible. brian: let me ask you a question. -- andrew: let me ask you a question. do you think the mainstream media should have been asking questions about her health? brian: i think the mainstream media was asking those questions. it wasn't necessarily all broadcast, right but i think , many reporters have been questioning her health, especially with her coughing fits and things like that. it's interesting to think about friday to sunday when she was diagnosed with pneumonia that reporters did not know until sunday. part of that is because the campaign kept it a secret, and partly it is because it is very hard to get into the inner circle of the campaign. maybe saturday morning and reporters

that is tragic. but it is reality. know, the military constantly asks policymakers, what is your desired end? what are you seeking to accomplish? we are very clear that we want to defeat the islamic state and the al qaeda affiliate in syria. beyond that, though, it is very difficult to imagine the concept being held out as realistic anymore, the idea of syria as a unitary state, perhaps on some kind of federal nature, is starting, i think, to defy reality. charlie: what are you left with? gen. petraeus: i think we -- that is what the new administration will have to come to grips with, to determine what are the possibilities? what is in the realm of realism, as you examine this? going tomong those is be some kind of sliced up syria at the end of the day. and that is good to be very, very difficult. it is going to be fought over. by the way, when we reflect back on iraq and used -- and those iraqsed to say, well, let break into kurdistan, and the question that a lot of us used to raise was, ok, tell me how you are going

it is especially necessary for $600 is a lot.hat peter shows in the story is how hard it would be to fix this. this is the excuse that the ceo of mylan made. what she was saying, the ceo was saying, you cannot, they did not expect regular people to be paying $600. it was sort of the price that they were charging insurers and managers. the idea was that there would be negotiations. if you don't have insurance, or if you have high -- or if you have a high interest adjustable plan, you could shell that yourself. carol: you take a look at what is going on in brazil. the official impeachment of the president, or former president. brazil, their economy has been in recession for the last two years. >> it has been in incredibly bad shape. oddly,or maybe not so the stocks are going up in the currency has gotten stronger because people think any change will be good change. in new president has brought more typical economists, more orthodox economists, and the idea is that it has to get better now. carol: there are concerns that there could

this is rh 2 zone, this is a single family home. i have discussed the potential to create a second unit on a lower level with the project sponsors and they areope toon that possibility. squl that is all i have at the moment. happy to answer questions if you have any. >> speakers in support of the project sponsor? not seeing-do you have a-you have a two minute rebuttal. >> thank you commissioners. the most active time the park is used, after school, early evening when people get home, that is quh the shade will come and people will be using the park. the argument that the planning department says it is already shaded so a litdal more shading does want matter. i think you are missing the point. the point is we want light and want to use the light. this park-the proponent paid for the shade study. the park is already all most 20 percent shaded and additional shading isn't good for the park. in 19 89 there is a joint memo between planning and rec and park that says if a park is less than 2 acres and 20 percent shaded you should have no

so, the purpose is primarily to place a stop that is at san jose is deloris is that is being removed where they are widening the itisland so this is replacing existing stop where we have 57 vehicles stopping during the a.m. period and just serving the a.m. period. >> thank you. thank you mrs. [inaudible] i know when mrs. pain brought the commuter shuttle program she made a point of saying this is a changeable program and it is a living stop thing and we are moving it around and have seen these stops at all most every meeting we had for the past few months. i will go ahead and support this stop and thank the people who came to give feedback and completely understand how much of a change it for your block face to have a commuter shuttle stop and also want to make request that we take a look at dolores street because i understand dolores street is limited away from it stop. what we have seen in that we hear from the people around dolores park that have a hole in the shuttle program where they are walking for 15 minutes to get to a stop. i think we need to take a look at dolores street a

there is a human inside. so it is so cool. tough see it. it is at the b-mo tonight for six showings. tickets are still available. >> it is incredible they are able to do this on a live stage. the movie itself was incredible. >> look at the color. >> oh, i know. the costumes. oh, and i found my ears. they gave me ears. now i am part of the show. >> save them for halloween. >> eh. >> they are pretty cute. [laughter] >> well, you want to umbrella too. cover your ears today. still not nearly the rain like we saw yesterday for the morning commute. mist and drizzle is morning. the temperatures are 64 over dew point of 62 degrees. just beginning to get light. sunrise 6:39. the rain i it is not making much movement to the east or to the southeast. it is going to focus right/along this boundary. what is going to happen with the boundary, it is going to sag to the south and wash out. a lot of the moisture is lighter today. frr the frat throughout the day, a stray shower or thundershower. better chances are in the afternoon. but overall mostly cloudy,

one thing is for sure, our view is that practicality is important, it's not just been technology. makes sense to help us solve real problems on the ground. emily: talk about some of the other initiatives you have going on. you have other things in the public transportation realm, first responders. >> you know, one of the things that we realize improving mobility within the country is autonomousbout vehicles. a big part is optimization. we have reached a point in life whereby you really can't build more roads so what do you do? one of the things that happens, we realize it's getting more and more difficult for ambulances to get to cases quickly. you know to get an ambulance in 10 minutes is impossible in more -- most cities. we have created an app to crowd source first aid and medical practitioners. this app has 10,000 volunteers all around singapore and when a case happens, anyone with five yard radius will be paged on their phone for notification and you can just choose to respond. it saves numerous lives right now, we call it first responder. emily: it's fascinating stuff. we'll

there is a part where he is known as mr. civil rights and he is very willing to champion civil rights on all levels, both legislatively and into the life of the house. i remember you telling me once about even something as minor as sitting in the house chamber and where you sit in the house chamber, that came up for him. >> there is another story that one of his biographers tells. seating in the house chamber is open as long as you respect the party block tradition. thdemocrats to the speaker's left and republicans to the speaker's right. when he came in, there was a prominent southern number who told the press, this man was a chairman of a committee and said, i refuse to sit next to a black man on the house floor. around andowed him sat down t next to him anytime he sat down. he forced the senior member to move around the chamber which a lot of people took note of. afterwards, powell told the reporter that i'm a baptist minister by training and i don't know whether to baptize that man or drown him. powell had a good sense o

pitch that is think is appealing to voters is he is saying the foreign policy status quo stinks. the middle east is not a mess. it is almost like the democrats are having to defend the obama administration's approach to the middle east and even things like russia and china. he has the benefit of being able to say that. balanceou guys get that without making voters feel like you don't see what is going on? >> you are absolutely right. there is more instability around the world than most americans have seen in their lifetime. it is deeply unsettling to people even beyond the national security certainty. there is a lot of economic uncertainty even though the many of the indicators have low unemployment, higher household income on the positive trend. any candidate that says if you like the way things are, that is great, that is not me. is where hets trump is taking issue with secretary clinton having the same positions. when you look at what he said about iraq before he was a candidate for president, he was for the war. if you look at what he said about libya, he is for copying -- to

the data is there any message is quite clear. anna: what is the message?e decisive action and then, have no government? >> the methods in spain is the party seems to be doing well, despite the political challenges. so, the infrastructure within the economy must be ok. they have got some challenges out there, but the infrastructure of the country seems to be holding up pretty well. isi said, the banking system part of that. it is one of the stronger performers in europe. anna: the deutsche bank story has brought the issue of capital raising back onto the agenda for the european sector. do you think generally around europe the banks need more capital? >> yes, i think they do. if you look at that example, part of the pressure is people expected a capital raise out of some of these challenged banks. you can see that with monte de paschi. there is some scope around deutsche with the fines they are getting. part of the problem is, you don't know how much those fines are going to be. i think that uncertainty creates the volatility. anna: we have these big politic

that is the bottom line. who is paying for it?blicans want to ask, who is going to pay for that? who will be on the hook for it? melissa: more importantly i will add, federal reserve, every dollar of aid you give away, price of college goes up 65 cents. inflation of the price goes up. harris: i want to come back to the politics of this though because where does that leave us, the taxpayers? are we in fact responsible for helping lift up the economy with that student debt? how do we get rid of it? >> you also heard from melissa's perspective, it doesn't help student debt or bring down the cost of private education. you look at the same thing as you have seen with obamacare real quickly, socialize something, you think will bring down costs, we're seeing every day costs among inshoulders are going higher. some insurers are going out of the little marketplaces they created. same thing in private education. you bring up a god point, sandra. culturally, generationally, we go to the place where we spend based on future earnings. we spend

the dollar is under pressure, and volatility, that is spiking higher. what is next?nna: as you say as that data increasingly, disappoints, let us bring up the risk radar and show you how the rest of the asset classes have been reacting u.s..t weak data in the theback of that week data, korean wine up as you see. up to the strong as in the year, oil up by half a percent, the road to algeria paved with a lot of talk about a freeze, a lot of chitchat about a freeze.we will follow that. a new forecast saying the u.s. is still dominating growth and supply. manus: keep an eye on the korean currency. the closelybecause monitored currency, ahead of the fed decision. you told me it has to be on the risk radar. anna: of i have a percent against the u.s. dollar, a tenths of a percent on the pound. we haven't moving higher on media reports that are casting doubt on the boj's intentions to increase. let us get the first word news. here is rosalind chin. rosalind: the u.k. chancellor philip hammond will meet bankers in london later to set out the government's plan for a post-brexi

that is how popular it is. just imagine mike and alex if you had bike valet like who needs a car when you get bike valet. >> this has change peoples lives. >> i was than the sure if this would be a success when i saw tonight new york four years ago. >> huge success. >> look at it now. >> easier. >> pick up a bike and drop it off. >> you'll have great legs. >> speaking of nice calves, beyonce needs a rest. beyonce cancels a stop on her formation tour why she's postponing? does it have to do with her birthday party over the weekend. will ate affect september 29th concert here in philadelphia. i have so many questions? who has answers. >> we do we will explain. >>> show us your first day of school photos, look at the this one, bella's first day of second grade. ready to go. >>> and this is first day of fourth grade sending love to good day from new jersey. i love it. >> thank you look at the hand on the hipps. >> oh, yeah. >> and fifth grader, grace girl, out of delco. >> i love the pigtails hey how's it going, ho

so far is that he is a reality star. we can't let a reality star you can some celebrity. we need politicians. in order to figure out which politician it is we should elect let's listen to the celebrities. that's where the hipocritical nature of the whole thing comes in. the same thinking of let me listen who to vote for becaused on what vote for this guy because "celebrity 8 -- apprentice is great." >> they economic policy all of a sudden. >> they say this year was more important than any other year. i feel like i have seen this video every four years. >> they had a similar thing with barack obama in 2008, i believe. >> it was the election of our lifetime. >> i have to sit through 15 to 25 before the election day? i will join the alt right. i will become gavin mcinnes. the great thing is they are doing this to in a panicky out reach to millennials will. millennials are not rolling over and voting for hillary clinton. they are voting for johnson. they are putting the cast of the "west wing" on a traveling show. it is thro

whether it is fair or unfair, i say it is unfair over for career, but it is the case that it is a smartove for the clinton campaign to focus on his lack of transparency, which is epic, and the fact that reporters have not done a great job of drilling down on him. david is an exception. this is a guy who is putting himself in contention for a pulitzer by looking at the trump foundation, finding out it is unusual in a variety of ways. that donald trump money is not much of the truck bank foundation, that it takes -- the trump dubnation, that it takes other people's money and spends it, calling hundreds of charities that have not received donations, tracing phantom contributions that the trump foundation claims it has given to charities and has no record of. the tax law violations. clintonart for hillary to push all of our colleagues and us to do more on this. nicolle: the only thing i would add is that trump is running as a scoundrel. he is running as a guy who has worked over a rigged system. part of the reason these stories don't stick to him is that he is openly running as a guy who ha

time is 6:30. about an hour and a half from now. we have 52 degrees, 62 in trenton. sixty-six in wildwood. and, the dew points are down into the 50's. that makes really comfortable. we're getting there in dover. so it is low humidity day, mostly sunny. 84 degrees. i would call this day a ten unfortunately lower numbers as we head into the weekend. so steve keeley if you want to get beach time in for lane are day weekend it looks like today is your day in atlantic city. >> yes, look at where we are, we are in the inlet section we are at old boardwalk that still has not been fix since sandy, incidently and coincidently the last time we had a tropical storm warning here on the coast. you see that fishing boat coming in, to gardener's basin where they are based. they are probably louded down with clams that is why it is so deep in water and that looks like a clam both bet and that is exactly what it is that big thing in the back. they take as much on as they can before they sink and that is why it is a

the fed sitting where it is. is it a situation where long yield is where you have to be?nk you have to be long earnings growth. we are in an environment where we have record low interest rates and high quality corporate's are using that to their advantage. the really good been is this is -- good businesses will be able to grow and generate high returns on investor capital. while everyone is chasing short-term yield and playing that differential, we think the businesses to be investing in are those that can create earnings growth potential at a time when interest rates are low. the realhere generational wealth is created in stock markets and equities, so the part of the market we like in australia is the small-cap space, anything from $100 million to three hundred million dollars of market cap with a clean balance sheet really has a once-in-a-lifetime to use cheap debt, grow business, and generate returns. haidi: you said there are some bargains to be found in commodities, although the recovery is just beginning. the term commodities is very broad, so you have metals, ener

how does -- i think bubble wrap is cool but how do? >> it is -- it is not a toy. >> yes. nerf. yes. >> and coloring books. a classic. >> yes. . >>> thanks for joining us. >>> lights, camera, access. >>> excuse me. sir, excuse me! >> how heartbreaking did it feel to kind of have that moment? >> lochte is a liar? >> a very serious "dancing" incident that could have been much worse. i'm natalie we've got every angle covered. what we've learned about the accused. >> my maim is bar zeem so rudy. >> what are the things that are left unsaid that you wish you could have told anna nicole? now nearly a decade without her, our larry birkhead exclusive i know i do that all the time, i beat myself up. >> a heart to heart between the new "voice" coaches. i'm kit hoover. only we've got miley and alicia.

i think that is the case. it is a currency thing.e refugee crisis will hurt the economic outlook or will it be a help? >> i think when the very large numbers came in to europe last year there has to be extra spending. there was fiscal expansion through the migration crisis. numbers are a lot lower now. still relatively high coming into italy and lower coming in degrees. in the long run, these refugees will have to be integrated. nejra: we have to leave it there. ♪ >> welcome to bloomberg markets. david: we're live in new york over the next hour. a couple stories at a san francisco, washington, russia, south korea. we talk with bnp paribas for them to take action in september. vonnie: vladimir putin sitting down to talk with bloomberg tv. david: the tone is set for apple with the iphone camera upgrades. business tracking. the markets close in two hours time.

what is getting in their way, what is it that is an obstacle, what do they need to get ahead, can youether third-grade teachers for me? i want to talk to them. i have a lot of ideas, but i do not know if they are good or bad until i talked to the people that actually know the names of those kids. i said, i love you. politician at that level say, i want to talk to a teacher before i would think about pushing some kind of policy, that gave us no child left behind for 14 years -- a lot of well-meaning teachers that never asked the third-grade teacher about the unintended consequences. she did. i know hillary clinton supports you, but are there any issues on which you -- she and the nea disagree? she said you will always have a seat at the table. i do not expect that having three teachers in the same room, that three teachers are going to agree. mark: but are there big priorities or issues at the nea that hillary clinton does not agree on? lily: on every single issue, from affordable college, to preschool, to the wraparound services students need, she is with america's kids, she is with o

if could you s is the name of t >> it is life in collar. >> it is froot loops and what is the other -- >> passion froot jam and lime zest. >> how did you c up with this. >> christina of milk bar here in new york helped us create the loops. >> but stup you could find if you go to the store and you could find jam and lime and marshmal a what is the reactiont you get from people come in. >> just like what you are experiencing. it is a surprise. and it is still in a bowl and froot loops but it is different. >> and this is peppermint patty which is chocolate -- what is that. >> it is chocolate frosted mini wheats and cocoa powder and fresh mint. >> this is like type of fresh mint spooned into your cereal but i have to try it any way. hang on. hum. >> and we serve this with blue marble soft serve ice cream in >> it is good. what is this. pumpk spice latt that is only around for a couple of months which is pumpkin spice that you could find at any grocery store nationwide but mixed with ground coffee and white chocolate chip so the milk becomes flavored like coffee how much we know people lov

riope, the is scale is there.eople want to see open books, and being public is the way of doing that. alex: so you priced above the range you preached in the course of the roadshow. the stock today is trading up. how do you feel about it on your debut day? >> to me, what matters is the next six to 12 months and the long-term guidance. like a baby was born, i'm not interested in the height and the weight, but more importantly if it is healthy. alex: we have seen some of these offerings that preceded you. trade more than 200% higher than the listing price. is there some kind of embedded concern about living up to your valuation post ipo day after -- post ipo day? >> the market in the short-term is a working machine, but in the longer term it is a waiting machine. what happens in the short-term [indiscernible] time actually takes care of that area -- takes care of that. of theou guys were one early movers in this hyper converged space. you saw sales increase in 2014, 90% in 2015, 80 4% and your last fiscal year -- 84

it is not your day. it is her day. it is the bride's day. >> if you are a friend, forget being the mother-in-law of the bride, that's a big no-no. what could possibly be wrong with accidentally wearing white to a wedding? >> only because you have. that's one of my favorite pictures. >> bobby looks awesome. >> and bobby looks good too. >> bobby got married at my house. it was a beautiful night and hoda was there in this very short, very adorable white dress that everybody went -- >> i didn't even know. you know what's so funny? i had no idea that it would have been a thing. if i were getting married and i looked out and people were wearing white, i wouldn't say, what do you people think you are doing wearing white? >> obviously, you are the most easy going person in the world. >> isn't that weird that that was a thing. wedding? >> yes, yes, i did. >> did you take a lot of care in what dress you were going to wear? >> no, i didn't. my mom picked it out and sent it to me and then we have a wonderful seamstress who was her

what is wrong with us? it is true. if you keep saying something is a third row, it is. had to get a mandate to reform if you don't talk about it -- how do you get a mandate to reform if you don't talk about it? kids inget high school economics class do it. it is not that hard. [laughter] we all respect the political necessities and realities. it will make kids happier if they know they can change it. medicare is harder. social security is not hard. grandfather the grandfather that has promised you will get what you that you will get. you can grandfather poor people and reduce increases for the middle class. we can have this discussion, we are grown-ups. part of the problem through immediate is it is a third rail. media is it is a third bro. i deeply people understand this. we have written that more young people believe in extraterrestrials than the social security being there for them. [laughter] they know something is wrong. we can talk to them. it does take a political investment and time. >> you are ready for the gotcha commercial of throwing grandma out the window.

there is a chance they might say the outlook is negative. that is a possibility.s say that dbrs end up downgrading portugal. what is the worst that could happen? we are not talking but euro crisis scenario, are we? >> even the scenario of downgrading portugal, no one we have spoken to says that will happen. dbrs did not hand at that at all. -- hint at that at all. we asked if it happens, what is it me? they say portuguese bonds will be in freefall. if dbrs downgrades, ecb will not buy portuguese bonds. no investor will stick his neck out and say i will buy portuguese arms. it is too dangerous -- portuguese bonds. it will be too dangerous. that is dangerous for a company facing slow growth. politics stabilizing a bit but that's a big deal. vonnie: let's put it into a little context. but it isis up 3.2% still much higher than the other peripheral countries right now. what happened? the government and portugal is gaining favor with the populace more and more. in countries like spain we don't really have a stable government. >> you are absolutely right. that is what i

that is not ours, that is there -- that is their amount. and of course in our view when we look at these things a lot of these costs are lowballed. i chose 10 of them to give you examples of what employers have defaced. these are the government's own calculations -- $3.7 billion, $677.9 million, the initial year, $245.1 million -- many of you are familiar with this, affirmative action -- $200 million, honestly i just picked these, but you could go on. these are the government own calculations. these are the kind of costs which does have an impact on ability to growth and hiring workers. i won't spend a lot of time on this but the fact of the matter is the department of labor the -- notoriously lowballed the cost of the regulation. this is the persuader rule, people who got to organizing campaigns have to worry about. that is ridiculous. everybody that has any sort of hr relationships with employees, and lawyers they are related to , organizing and have to comply with this. but if you don't comply you have to read the regulations to see that

is -- awhat we have is divergence. the federal reserve has been fight -- tightening quantitative policy. a sharen a following as of gdp. that is tightening policy. they have tightened on terri policy and i think they will do so again. frankly given their in placement -- inflation position, they are behind the curve. the u.k. has special circumstances, they have been fairly cautious. i think they are stacking the bond market. mark: when it comes to the bond market, japan is leading. u.k. i would say it's the its leading. if you look at the gilt market, regulationulated by and the pension fund industry in particular. with a combination of regulation and central-bank hikes, every market is trading below their value yield. that is going to continue to be the case. with the 10 year at 1.67% now, is there a disconnect between the u.s. curve and the fundamentals of the u.s. economy? got in think what we've the united states at the moment is an inflation problem. there is a disconnect, yields are too low. i think that will rem