justin trudeau has a minority in parliament.upportns he has to get from the opposition parties to pass legislation. and there is a party to the left of the liberals, it is called the new democratic party. letters tohe has the to remain iners power and move ahead with a high spending agenda because he can rely on support on the social democrats. joe: great explanation. our thanks. with the drama in canada. coming up, we continue to dig into possible we points in the economy -- weak points in the economy and why you should watch the u.s. coin shortage. we will speak with joe debate. this is bloomberg. ♪ joe: welcome back. joe weisenthal -- romaine: joe weisenthal owes me 75 centss and refuses to pay it back because there is a coin shortage in the u.s. you can tell something about the pace of the economic recovery with those coins. we have looked at the data. there has been a significant drop in the number of available coins. why does that matter? what does it tell us about the pace of the economy right now? joe a.: so, one of the

he quit after a rift with justin trudeau route impossible to repair.and handled the negotiations of nafta between the u.s. and mexico and would be the first woman in the role of finance minister. joining us to discuss this and more is rufus yerxa, president of the national foreign trade council. your reaction to the possibility of chrystia freeland becoming the finance minister in canada? will this leave a gap or a good trade person should be? >> i don't know about that. she has been the trade minister, foreign minister for some time. i am sure that she will do a good job as finance minister. we will just see who canada has replacing her in that critical role. it could be an important role over the next several years, sorting out some of the problems with the u.s., the multilateral trading system. vonnie: exactly. what is next for canada in particular when it comes to trade? freeorth america trade agreement has been ratified, attention turning to china now. rufus: yes. lot going there is a on between the u.s. and china. i am sure there are concerns abo

and a surprise move canadian prime minister justin trudeau has suspended the country's parliament that'sa spike in the past never to make use of that power critics are accusing the canadian leader of trying to dodge scrutiny over his government's role and a growing ethics scandal that also involves his family i have asked the governor general to procurement which must happen before any government can present a throne speech starting a new session of parliament is about creating sustainable ways to support you moving forward that has always been our number one focus and it always will be justin trudeau his right hand to try and save himself when he forced his finance minister to resign now he's shutting down parliament and looking out of position m.p.'s to prevent us from holding him accountable and getting answers on his we scandal shutting down parliament in the middle of a pandemic and an economic crisis with a plan sitting next week and committees working hard to get answers and solutions for canadians is wrong. trudeau has justified the 5 week suspension with the need to reassess the

in canada, bill morneau has resigned after a rift with justin trudeau proving impossible to repair. that leaves trudell with a major hole in his cabinet in the midst of a recession. ah that leaves trudell with major hole in his cabinet in the midst of a recession. mark carney has been inviting peter tchir to -- justin trudeau global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries, -- i'm ritika gupta. this is bloomberg. tom: thanks so much. equities, bonds, currencies, commodities. weak dollar is a major theme today. kit juckes of socgen with a smart morning note looking at where inflation rate-evens are, the dynamics that brings to the dollar market. what we've got all in all is just a up fractionally, turn there. yields have come in lower, three, even four days in a row. more than anything, i'm looking at that. 10-year tips negative. 0.99. that is a greater negative number, a much lower more negative real yield over the last -- i'm only courting that because i miss jon ferro. turkish lira not par

to support you moving forward that has always been our number one focus and it always will be justin trudeau computed his right hand to try and save himself with you for skills finance minister to resign now he is shutting down parliament and looking out of position m.p.'s to prevent us from holding him accountable and getting answers on his we scandal. shutting down parliament in the middle of a pandemic and an economic crisis with a plan sitting next week in committees working hard to get answers and solutions for canadians is wrong. trudeau as justified the 5 week suspension with the need to reassess the parliamentary agenda several of its committees have been investigating the government's actions involving a student grant program and the independent ethics watchdogs also separately investigating the prime minister trudeau is being probed over alleged breaches of conflict of interest laws for awarding a $690000000.00 student grant program to we charity which has ties to the p.m.'s relatives trudeau has dismissed allegations of preferential treatment we charity and the government have sin

justin trudeau did not name a successor but it will not be mark carney. the u.k. forced into a u-turn over exam grades. they've agreed to let the results be determined to buy teacher assessments rather than through a controversial algorithms that downgraded results. it comes in the face of outrage from present -- from parents and students. gavin williamson admitted there was unfair and the system. israel says bahrain and sudan will likely be the next countries to make peace with israel following the lead of bit united arab emirates. israel's president has invited the uae leader to visit jerusalem. gulfip no other senior ful leader has made since the founding of israel. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. belarus. thousands of workers join mass protests against president metander lukashenko who was with calls to resign. the long time ruler insists he will not step down and instead proposed changes to the constitution. the opposition leader says she is ready

justin trudeau amputated his right hand to train safe himself when he forced his finance minister to resign now he's shutting down parliament and locking out the opposition m.p.'s to prevent us from holding him accountable and getting answers and he's w e scandal shutting down parliament in the middle of a pandemic and an economic crisis with a plan sitting next week in committees working hard to get answers and solutions for canadians is wrong the canadian parliament will be suspended for 5 weeks several of its committees have been investigating the government's actions involving a student grant program and there's independent ethics watchdog is separately investigating trudeau as well as his former finance minister both are being investigated over alleged breaches of conflict of interest laws and after the government awarded a $690000000.00 student grant program to w e charity which has ties to the p.m.'s relatives trudeau is said that he should have recused himself from that cabinet decision but has dismissed allegations of preferential treatment w.-e. charity and the government h

rift with the a prime minister, justin trudeau over the response to the coronavirus and the ongoing scandalmberg sources say it will not be the former bank of england governor, mark carney. the u.k. government has been forced into a u-turn over downgrades. resultseed to let the be determined by future assessments. it downgraded thousands of results. it comes in the face of outrage from both parents and students. the education secretary admits there were problems with the system. carrie lam says she is having trouble using her credit cards. that is after the u.s. imposed sanctions on officials from the city. it was in retaliation for the new national security law. carrie lam says the restrictions are totally unjustified. says bahrain and sudan will likely be the next countries to make peace with israel. they are expected to follow the lead of the united arab emirates towards normalizing relations. the israeli president has invited the leaders to visit jerusalem. no other senior golf leader is known to have made since the finding of israel. global news, 24 hours a day, on air and on quicktake

pharmaceuticals so he says well we give up we can't do it i can't negotiate so i'm going to have justin trudeau do it for me. we are right if there was competition or free market competition in drugs in america the price would be low that's the beauty of free market capitalism the fact that you don't have free market capitalism for drug prices in america shows you have an entrenched oleg or monopoly and they gouge it's price gouging and he's right to try to dismantle that but without that kind of premium for these drugs for these companies to however i don't see how they're going to command the multiples they do on the stock market so he's he's got it that's the thing he's either going to take a 50 percent hit on the stock market or easy going to lose a lot of people that need the drug so it can it's arbitrage i think you figuring there are many millions more that would vote for him with lower drug prices than the people who will lose the vote of the stock market speculators on the pharmaceutical companies however he'll still get the pharmaceutical income because they he's not going after their

it gives one of prime minister justin trudeau's top aides the job of overseeing the nation's economicdeau's go to ministers for some of the governments's main issues, including renegotiating the north american free-trade pact. freeland is the first woman to hold this new position. the political crisis in mali has escalated. the president has resigned after being detained by the military. in a broadcast on state television, he says he felt he had no choice but to comply. it comes after weeks of protests that allege corruption and nepotism within the government. mali's neighbors have condemned the move, announcing sanctions. hong kong is clearing up after its most powerful storm so far this year. the typhoon disrupted business and travel and forced of the cancellation of morningstar trading in hong kong. it caused little damage. hong kong has now lowered its warning signal as the typhoon is moving away from the city and trading restarted in the afternoon session. global news 24 hours a day, on-air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more tha

pharmaceuticals so he says well we give up we can't do it i can't negotiate so i'm going to have justin trudeau do it for me. we are right if there was competition or free market competition in drugs in america the price would be low that's the beauty of free market capitalism the fact that you don't have free market capitalism for drug prices in america shows you have an entrenched oleg or monopoly and they gouge it's price gouging and he's right these drugs for these companies to however i don't see how they're going to command the multiples they do on the stock market so he's he's got a tesla saying he's either going to take a 50 percent hit on the stock market henri's going to lose a lot of people that need the drug so it can it's arbitrage i think you figuring there are many millions more that would vote for him with lower drug prices than the people who will lose the vote of the stock market speculators the pharmaceutical companies however he'll still get the pharmaceutical income because they he's not going after their predatory practices he's just saying people you know medicare medicai

canadian prime minister justin trudeau is turning towards his most trusted aide to guide the economicecovery. financeneau as minister, having overseen canada's interests. she is seen as having enough authority to maintain fiscal discipline in a demonstration. days. has had a busy few almost $2 billion in new funding. it is valued at $46 billion. spacex is one of the most valuable venture backed companies in the u.s. fundraising comes in a period for tech, tesla soaring along with elon musk's personal fortune. global news, 24 hours a day on air and at could take by bloomberg, powered by more than 2700 analysts. i'm karina mitchell, this is bloomberg. haidi: with the dollar down to its lowest level since may 2018, erasing most of the gains built on the back of the u.s.-china trade tensions. let's see how the dollar weakness goes into the emerging-market debt. it could benefit some countries to recover faster, according to our next guest, denise simon. great to have you with us. let's start with the dollar weakness. given that you look at broader positioning across the market, it is not

we heard he had been in disagreements with justin trudeau over ballooning deficits.has disagreed over the huge amounts that canada was spending to combat the coronavirus, not to mention about some multi-did billion dollar greek -- multibillion-dollar green initiatives. he is now resigning from his post. let's get a quick check of the latest business flash headlines. tesla's rally has driven the valuation above that of procter & gamble as investors bet elon musk will be able to dominate the auto market of the future. the stock closed up 11% on a record despite reports of a fall in registration last month. tesla is up more than 300% this year with a market value of more than $340 billion. hasos chinese order reported a fall in profit as the coronavirus shutters plans and hammers demand. net income through june -- cutting annual sales targets to 1.3 million vehicles from 1.4 million vehicles. the pandemic has exacerbated an auto industry slump that has been threatening on for two years. bhp reported full-year net profit just shy of eight billion u.s. dollars, a 4% fall

canadian prime minister justin trudeau is turning to his most trusted aide to drive the economic recovery and reset his government's agenda. she succeeds the other finance minister, having overseen canada's interests in the north american trade deal. she has enough political authority to maintain fiscal discipline in the administration. global news, 24 hours a day, on air and a bloombergquint take, powered by more than 2700 journalists and analysts in 127 countries. i'm karina mitchell, this is bloomberg. haidi: still ahead, jessica meir takes us through earnings coming out of australia. but we will speak to jeffrey back to and the strength of the chinese market. and global uncertainty. this is bloomberg. ♪ haidi: a 33 percent jump in revenue in results. it was driven by an infant nutrition sales in china and via a bigger distribution footprint. let's get some results, and whether they are sustainable, we are joined by geoffrey babidge. great to have you again. when we last spoke, this was back in february, you said there was a great deal of uncertainty of how the pandemic plays out. he w

canada's finance minister has resigned after a rift with prime minister justin trudeau proved impossible to repair. that leaves trudeau with a major hole in his cabinet in the midst of a recession. he confirmed that the position will not be filled by bank of england governor mark carney. in expanding a bet its physical offices in six u.s. cities. the company will be adding thousands of corporate jobs in those places. 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. ♪ >> four years later, the state of this nation is very different. more than 150,000 people have died, and our economy is in shambles because of a virus that this president downplayed for too long. obama-- tom: michelle with quite a statement to end the first night of the virtual convention. joining us after virtual sleep, kevin cirilli, our chief washington correspondent. we could go for an hour over the political experiment last night. let's start with the theater of it. was it successful? kevin:

ministeradian prime justin trudeau will make critical decisions in the coming weeks on the next steps to support candida's economic recovery. that will include whether to keep the only finance minister he has ever had. there's been speculation that the relationship between the evite -- between the prime minister and bill morneau has been tense for some time. bloomberg has learned the two men will meet face-to-face today. global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more i'm markcountries, crumpton. this is bloomberg. david? david: the coronavirus has scribbled the united states and really driven a wedge even further between republicans and democrats in washington. let's be honest, it's also divided democrats during the primaries, raising questions about a biden administration would mean for health care in the united states. we welcome kathleen sebelius, former health and human services secretary. thank you so much for joining us. you were involved in the primaries in the sense of advising kamala harris. we came up

justin trudeau will name her to replace bill morneau, who quit after a rift withdrew to proved impossiblepair. she will be the first woman to hold a position. u.k. and european union officials have the next seven weeks to hammer out an agreement over their future relationship. after a brief summer hiatus, discussions will resume in brussels today. the two biggest sticking points remain what access eu vessels will have two u.k. fishing waters and how closely britain will have to follow the blocks rules to ensure a level playing field. global news 24 hours a day, on-air, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. david: thank you so much. perhaps the most telling show of unity in the convention last vermont senator and former presidential candidate bernie sanders spoke. who supported other candidates in the primary, and to those who may have voted for donald trump in the last election, the future of our democracy is at stake. the future of our economy is at stake. the future of our planet is

canada's finance minister resigned on monday amid friction with prime minister justin trudeau over spendingown after it was revealed he did not repay travel costs of us$31,000 covered by the charity while on an overseas trips to see its work. he says he has since written a cheque. and 0racle has held preliminary talks with tiktok‘s chinese owner, bytedance, and is seriously considering buying the apps operations in the united states, canada, australia and new zealand, the financial times newspaper reports. oracle is working with some us investors that already have a stake in bytedance, including general atlantic and sequoia capital, the newspaper reported. stay with us on bbc news. we will continue our series on how education has been impacted by the global pandemic. we will be taking you to the us for more on that. first, though. some of the uk stories making news today. kent county council has said it can no longer safely care for unaccompanied minors who arrive across the english channel to seek asylum, after 23 children were taken into care on a single day last week. the government says

canadian prime minister justin trudeau is asking mark carney for help in reviving the economy.months after leaving the bank of england, he is now an informal advisor to trudeau. carney is also a u.n. special envoy on climate action and finance and an advisor to the u.k. on the now climate change conference. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. anna, matt? anna: next very much. laura wright here in london. u.k. employment has fallen by the most since the global financial crisis. 220,000 in the second quarter. coronavirus restrictions were at their most severe. that labor market crisis is expected to gather pace as government support is withdrawn. piya sachdeva is an economist at schroders and still with us. data,e had a swath of some better than anticipated in terms of the u.k. labor market story. maybe that is testament to the amount of protection the labor market is being protected from reality at this point. piya: exactly. we know that the labor market situation will b

much higher than the national liberals of justin trudeau. why?led the pandemic competently. not perfectly but competently and demonstrating they have concern ask care for the people who are sick and suffering. it can -- you can have a normal conservative party again. we are seeing the consequences of bad choices and the way we get out of this is through good choices. so i think we're going to rediscover in the next few years why right side of parties are necessary and how we build them but that begins by moving out of this dead end of trumpism, which is not only un-american but also so manifestly incompetent and driven this country into such extraordinary crisis. >> you know, anne, there are times where over the past several years i've convinced myself that donald trump is simply ignorant. and i think one of the bracing things about your book, one of the frightening things about your book is that what donald trump is doing here, you describe happening in poland in 2015. you've described what's been happening in hungary for quite some time. that i