we hear from jessica powell a bit later.is bloomberg. ♪ emily: the trump administration released updated policy for self driving bibles for not just cars, including public transit and trucks. we were joined by gary peters who serves on the senate commerce committee. >> we have to make sure we have a framework to allow this technology to move forward. existing of vehicle safety laws do not allow an automobile without brake pedals, for example. these technologies will be literally piloted by machines. we have to make sure we have that framework. emily: the administration is saying the dot has authority, that congress does not meet to step in. why do you disagree? >> we want to do this quickly. it depends on how quickly the department of transportation will move forward on this. our act gives flexibility to manufacturers as long as they are certifying they have safe vehicles and they are dealing with things like cybersecurity. this technology is moving rapidly. we want to make sure automakers have an idea of what that framework

author jessica powell joins us later.o the top story, the most significant known supply chain attack ever on u.s. companies. a bloomberg businessweek investigation revealed chinese hackers implanted tiny microchips in servers that infiltrated the data centers of almost 30 u.s. companies, including apple and amazon. this is based on extensive interviews conducted with intelligence and corporate sources. both apple and amazon have disputed summaries of the reporting and so has the company that assembled the servers, and the chinese government responded calling itself a "resolute defender of cybersecurity" but not directly addressing the allegations. the story and the latest issue of "bloomberg businessweek" hits stands joining us from friday. washington, one of the authors of this exclusive story, jordan robinson, and from santa clara, california, the chief technology cybersecurity officer from mcafee. talk to us about the extent of your reporting. you spoke to 17 unnamed sources report. talk to us about what you found. >>

emily: jessica paul -- powell. check it out on medium, "the big disruption."g up the sustainable benefits of vertical farming is undeniable but what does it mean for farm labor. how it is changing tomorrow's jobs. this is bloomberg. ♪ emily: by 2019, the global population is to grow by 8.9 billion. indoor farms can transform industrial land into cash farm ing. what does vertical farming immediate for labor? e investigate. >> it might look like we are inside a spaceship, but this is actually a farm. the crops are grown mostly by machine with a help of a few humans, like this woman. this is an early peek of new farming, promising twist. only if the robots don't replace her altogether. >> i'm a vertical farmer. > katie works for a startup. its farm is here in this industrial park here in new jersey. it's the last place you would expect to see any sign of life. ep inside and you will see a factory and a lab. trays of produce are vertically stacked to save space and each of them is given the amount of light, water and nutrients at the optimal temperature and humidi

tomorrow, we will be joined by jessica powell. she is out with her first book on medium.on valley. this is bloomberg. ♪ welcome to daybreak australia. we are counting down to asia's major market open. here are the top stories we are covering. treasury turmoil amid further evidence of the u.s. economy stocks. asust payrolls and services the fed indicates it will press on with gradual rate hikes area

tomorrow on the show, we will be joined by jessica powell, the former head vice president of global communicationsaffairs at google. she is out with her first book on medium. it is a satire about silicon valley. you don't want to miss that. i'm emily chang. this is bloomberg. ♪ mberg. ♪ >> welcome to a paid presentation. over 40.ed for women targeting uneven skin tones and sagging. do you dramatically change the appearance of your skin if you are over the age of 40, 60 or older? you use a skincare system

jessica: fed chairman jay powell says he welcomes increases and is confident low unemployment will notinflation. he said wage rises were broadly in line with the fed vision, and don't point to the market overheating. pwell expects with the fed to stick with gradual interest rate hikes while monitoring a preordained set of risks. >> is historically rare pairing of low inflation and steady employment is a testament to the fact we remain in extraordinary times. our ongoing interest rate normalization reflects our efforts to balance the inevitable risks that come with extraordinary times. so as to extend the current expansion while maintaining maximum employment and stable inflation. >> italy's populist government confirms it is sticking with a 2.4% budget deficit target, despite warnings from the eu on fiscal spending. fears that italy is publicly unsustainable. italian bond yields touched a four-year high. argentina's prospects soured last month with a shakeup at the central bank. a weaker peso and a credit line of imf. policymakers say the economy will shrink 2.5% this year, and 50% nex

jessica powell, x public relations chief is one in all internet titans to stop being delusional in aits competitors take themselves too seriously and not taking their own responsibilities seriously enough. and calling out amazon and facebook urging the tech giants to live up to the vision they market to the world. winning big seems to be getting boring for alabama football fans after five national championships. tim tebow expressing disappointment. this is where you are supposed to save me and my sports -- in the poor game attendance from students, take a look. >> fans are getting so entitled in alabama, specifically the students. as a student you have done nothing to win these titles. you say you are the best fans in college football, you need to show up. >> the former quarterback speaking out on espn, the undefeated comes in tied going 6-0 against arkansas on the road this afternoon. pete: you did great. >> sure i did. they are crazy, stop reading sports. >> who has the weather? >> what you said -- >> of anything i say. i don't know how to change obama are tried. >> the stock the w

jessica: they chairman jay powell says he won't agree to is confident and low employment will not stoke inflation. he said wage rises were broadly in line with the fed's mission and don't point to the labor -- he expects the fed to stick with the current path of hikesl interest-rate while monitoring a preordained set of risks. >> this historically rare caring of low inflation and low unemployment is a testament to the fact that we remain in extraordinary times. our ongoing policy of gradual interest-rate normalization reflects our efforts to balance the inevitable risks that come with extra ordinary. so as to extend the current expansion while maintaining maximum unemployment and low and stable inflation. amazon has bowed to political pressure and the tightening job -- stop market. a november the company will offer $15 an hour to more than a quarter million employees, along with about 100,000 seasonal workers. in the u k, the hour wage in the london area will rise to the equivalent of $13.60 and $12.30 elsewhere. italy's popular government has confirmed it is sticking with ,he 2.4% budg

jessica. president trump has renewed criticism of the fed, saying policymakers are moving too fast on rate hikes. he repeated his liking for low rates. remainsrman jay powellurse for tightening in the foreseeable future. they are expecting another hike in december. president trump greeted septembers increase by saying he wasn't happy. indonesia has a blunt message for global financial chiefs, warning they must be more mindful about the spillover effects. the indonesian currency weekend as u.s. currency rates rise. bloomberg was told that indonesia is being punished despite doing the right thing in reforming its economy. thee hope, with environment, that policymakers in china, u.s., europe, japan, other emerging countries, will agree in restoring confidence in .he market, the global economy and do not forget the changing of the global environment. pakistan devalue to ruby as it looks to secure its 13th imf bailout since the 1980's. dollar-denominated bonds climbed to most since late july. the evaluation is seen as a response to the imf's calls for a weaker exchange rate. lvma confirms that china's demand for high-end goods remains strong. investors have sol

jessica: president trump has renewed his criticism of the fed , saying policymakers are moving too fast with rate hikes. he dismissed concerns about inflation and repeated he likes low rates. fed chairman jay powell remains on course for tightening in the near future. people are expecting another hike in december. president trump greeted septembers increase by saying he wasn't happy. a major u.s. telco is said to have found manipulating hardware from supermicro in its network in august, fresh evidence of alleged chinese tampering. evidence was provided after a bloomberg businessweek report said chinese spies planted malicious chips in supermicro server motherboards. that the chips were implanted. the head of germany's industrial federation is warning that brexit without a deal would be a disaster for both britain and the european union. he says negotiators should focus on finding a compromise as soon as possible. a deal needs to be agreed within weeks if the european and british parliament's are going to have time to approve it before the split. >> europe must prevent a worst-case scenario, a separation of the united kingdom from the european union without clarification is still possible. situati