i'm kailey leinz.rospects for another stimulus package before election day look bleak. president trump and senate republicans are at odds. the president was urging them to "go big or go home," but senate majority leader mitch mcconnell is only legend to vote on the paycheck protection program for small businesses. house speaker nancy pelosi says it is not big enough. meanwhile, the world's top central banks are urging governments to keep spending. they say concerns about mounting debt should be put aside until economic recovery from the coronavirus is complete. the imf is normally a champion of budget restraint, but the fund agrees it is too early to end support. in the u.k., there is growing pressure on prime minister boris johnson to order a circuit breaker lockdown. the opposition labour party say it is needed to get the virus under control. deaths have soared to their highest level since june. concerns are mounting that new restrictions are not enough. russia has ruled out a deal with the u.s. on n

i'm kailey leinz.rospects for another stimulus package before election day look bleak. president donald trump and since republicans are at odds. the president is urging them to "go big or go home," but senate majority leader mitch mcconnell is only committing to a vote on the paycheck protection program for small businesses. house speaker nancy pelosi is demanding that the white house latest offer, saying it is not big enough. concerns about mounting debt should be put aside until the accomack recovery from the coronavirus is complete. the imf is normally a champion of budget restraint, but the fund agrees it is too early to end support. in the u.k., there is growing pressure on prime minister boris johnson to order a circuit breaker lockdown. party opposition say it is needed. there are concerns that new restrictions are not enough. bloomberg has learned conocophillips is in talks to buy concho resources. the company has a market value of about $8.7 billion. the company is looking to make a big bet on

i'm kailey leinz.his is bloomberg. ♪ ♪ >> i believe she will be confirmed no later then tuesday, a week before the election. that is my hope. it will be up to senator mcconnell what to do after the 22nd, but we can easily get her confirmed before the election. jonathan: that a senator lindsey graham, the senate judiciary chairman, speaking to foxconn news -- speaking to fox news over the weekend on the vacancy the republicans are looking to fill. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. -- looking to fill. alongside tom keene and lisa abramowicz, i'm jonathan ferro. alongside tom keene and lisa abramowicz, i'm jonathan ferro. good money to all. we are up 0.6%, near session highs. up 20 points on the s&p 500. we will say it again, for a fifth time. the bond market is closed for columbus day. a stronger dollar across the board. the chinese losing a little bit of tolerance for the strength we have seen over the last couple of weeks. 6.74 on the offshore. --:

i am kailey leinz. this is bloomberg. ♪ >> it has already gotten bad.howing up in the numbers and likely to get worse into 2021. one notable part of this global recession is the inequality. jonathan: a sobering conversation with david malpass, the world bank president ahead of the imf world bank meeting. from london and new york, alongside lisa abramowicz and tom keene, i am jonathan ferro counting you down to the opening bell. looking forward to catching up with gerard cassidy. we will do that on bloomberg tv in about 15 minutes. tom: a conversation made more interesting with the distinction between jp morgan and citigroup. always good to catch up with mr. cassidy. right now we diverge to kentucky. tim adams is with the institution of international finance. president and chief executive auster -- chief executive officer. he has reinvigorated the institution. he put a spirit in last year on a debate about our economics and the financial system around it. we are thrilled he can join us. what is it like to pull off a virtual conference after the excellenc

s kailey: bloomberg' leinz in new york, staying up all night, really. get some sleep, kailey. what is the prediction based on more than 68,000 interviews for the u.s. presidential race? we will speak to the next, and this is bloomberg. ♪ berg. ♪ vp pence: "lost a trade war to china"? joe biden never fought it. joe biden has been a cheerleader for china over the last several decades. sen. harris: the president's trade war with china, he lost that trade war. he lost it. what ended up happening is because of a so-called trade war with china, america lost 300,000 manufacturing jobs. farmers have experienced bankruptcy. of the highlights from the u.s. vice presidential debate between kamala harris and mike pence. number ofat is the interviews carried out so far across all 50 u.s. states. it is a technique which works differently the most models, predicted the results of last year's u.k. general election within 12 seats. it is latest forecast for the u.s. presidency, and they think joe biden is set to sail past, taking 243 electoral votes -- 343 electoral college votes to trump's 19

i'm kailey leinz.rump's diving right back into campaigning. he told an audience in florida he felt so powerful after recovering from the virus, he wanted to kiss everybody. there was little social distancing at the rally at the orlando sanford international airport. some spectators did wear masks. joe biden says he is not a fan of expanding the supreme court. it is his clearest answer on the issue yet after weeks of dodging the question. biden was speaking in an interview in cincinnati. the idea has gained traction among democrats. many are angry that republicans are rushing through the confirmation of amy coney barrett. to run a virus infections are soaring in several republican -- coronavirus infections are soaring in several republican includings, wisconsin. at disney a shakeup is revamping its operations to focus on the thriving disney+ business. the goal is to become a global streaming giant like netflix. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 jour

my cohost today, kailey leinz. alix steel has the day off. we are trying to figure out why equity markets are going higher today. i'm scratching my head here. the s&p 500 shrugging off stimulus, and the election-related risk. jp morgan going to kick us off. nonetheless, higher by about 0.75% this morning. your outperformance coming from the nasdaq. apple a large part of that ahead of its 5g iphone launch tomorrow. the bond market in the u.s. is closed because of the columbus day holiday. across the atlantic, take a look at the 10 year yield in italy. btp's down by about four basis points, so we have action in bonds elsewhere in the world. thechinese yuan weaker than dollar after the pboc trying to rein it in. let's go back to that stimulus stalemate we have been talking about. remaining deadlock in washington, with president trump and house speaker nancy pelosi blaming each other over the lack of progress. the president has sent shifting signals on the amount of stimulus he wants. pres. trump: republicans want to do it. we are having a hard t

bloomberg's kailey leinz is looking at the facts. do tell. you look at the performers, all three of the major crews stocks are among the days winners -- date's winners, norwegian, carnival all higher to the tune of 5.5% or more. the reason is more optimism on the virus front, that upbeat, positive tone coming from president trump, trying to downplay the risk, maybe having investors thinking people want to start cruising again. just because the president is trying to paint a rosy picture does not mean the picture is all that rosie. if you look at the covid data from yesterday, nearly 40,000 new cases in the u.s., an increase of 11.4%, and because of the surge the cdc says there will be no crews sailing through the end of this month, extending that mandate through october 31. of course, norwegian has canceled all of its october departures. carnival foran and six months. itsl caribbean has 65% of planned capacity days in 2020 eliminated as of the end of october. obviously, it is costing cruise lines a lot of money. in the second quarter, they lo

kailey leinz is looking at that.on posting earnings above analyst expectations, granted, at $.11 a share, down 70% on a year on basis. that earnings beat came in the face of a miss on the top line. revenue at just $3 billion, shy of expectations. the fact that they were able to post a profit comes down to $1 billion in cost savings. what they said going forward is what is important. it has been a really bad year to be a fracker. because the price of oil has collapsed, a lot of e&p's have had to roll back production. has seen their stock declined by more than half this year and has had to lay off half of its workforce in north america. but the ceo today said that it looks like they have bottomed, and in north america, things are stabilizing. a different picture in the international market. demand is still weak. he says a bottom is near. markets made up about two thirds of halliburton's revenue in the second quarter. historically, north america has made up half or more of its sales, but that is now down to about 33%. w

thank you, kailey leinz.r your business flash with a look at some of the biggest news stories. senator elizabeth warren going out to disney. she criticized the company for laying off thousands as a result of the pandemic. she says disney's spending on erodess makes rich but its ability to write out downturns. shares of amc plunging. is ceo says the company doing everything it can to raise cash to survive the pandemic. he says the chain is not considering bankruptcy at the moment. bloomberg reported amc was considering options that did include filing for bankruptcy. yet for fedexest and ups. the so-called christmas treat has pushed the start of the holiday shopping season even earlier and that will start the limits of shipping networks already strained by the pandemic. amazon began promotions yesterday that are estimated to lead to $10 billion worth of sales. and that is your bloomberg business flash. in on howd, we check schools are faring across the country as covid cases rise in certain areas. more with for

yvonne: kailey leinz joining us from new york with the latest., president trump's covid-19 diagnosis throwing a curveball into the markets. how this might affect oil markets. fromnda: next, we hear credit suisse about how investing strategies will shift in the development of the u.s. and brexit talks. this is bloomberg. ♪ yvonne: back to the markets. asian stocks trading higher, suggesting investors have already accepted covid-19 infection of president trump. meanwhile, how speaker pelosi saying negotiations on new spending will go ahead and the trump diagnosis might change talks by emphasizing the seriousness of the pandemic. joining us is john woods, asia-pacific cio at credit suisse. newsiday, we saw this big and some say it was a game changer for markets that changed the dynamics of the election. now we see resilience across the board. what are you telling clients this morning? clients,haring with the likelihood that volatility will remain extremely high. as you point out, one minute we are seeing stock waves -- shockwaves. the next minute, w

kailey leinz is here with more. >> forget any kind of stalemate when it comes to risks surrounding theividual -- presidential election. time now 5% over that above the 3500 level getting closer and closer to those all-time highs. part of this may be looking ahead to earnings season which kicks off in earnest tomorrow. what is leaving the market higher today is mega cab technology. take a look at the biggest point contributors to the nasdaq today. largely the usual suspects. 5g launch anticipated tomorrow. historically has wrought a revenue boost to amazon's investors. what is lagging is energy and largely that has to do with today's declines in oil. we can see wti has fallen below that $40 a barrel level. volume was the highest in over a month. that drop has caused wti crude to breach its moving averages. today weighing on crude has been weighing on the energy space for the entire duration of this year. that is the supply and demand that has weighed on energy all across the industry. down.d refineries are all energy far and away the worst performer in the s&p 500 this year. look intomp

annmarie: kailey leinz joins us now from new york. kaylee, this is far different from the first debate. you just heard a bear, china, covid, climate. for you, what are the highlights? kailey: one of the highlights, annmarie, was the mute button that was not even really used. president trump in particular taking a very different tack this time around than in the first debate, where his more aggressive performance really ended up hurting him in the polls. that is not to say that the two candidates did not attack each other. president trump really coming after biden on his record throughout his political career, but specifically during the obama administration, and he also came after biden and his family for alleged payments they from foreign countries. those claims, i should mention, are not backed up by fact. biden saying 220,000 americans have died on trump's watch, and he does not deserve reelection. he also called the separation of children and their families at the border criminal. really coming back on a number of issues, one of th

stephane monier, new york, tracking -- kailey leinz, tracking the president. the president pressed for a stimulus deal, saying the country needs fiscal aid. negotiations have been deadlocked over the size. for $2.2 pressuring trillion, secretary steven mnuchin has proposed 1.6 trillion. our guest, chief global strategist. as i look through the prism of risk from i say to myself, complete chaos has been averted. the dollar reacted appropriately, but the alpha for these markets is the fiscal stimulus. with complete chaos averted, what is your read? >> i think you are right that the fiscal deal is more important whether or not trump makes a quick recovery. my take on this trump issue it is only a tail risk he has to withdraw from the ballot. you should treat it as a tail risk as a participant of the market. is whether this focus on donald trump and covid-19 jeopardizes the fiscal deal and it does so. the probability of a fiscal deal before the election is very low. that is a problem for the market. do you not think with the president at walter reed, republicans a

haslinda: kailey leinz in new york there. still ahead we speak to the former high-level state department official in the clinton administration asked how a biden white house could shape relations with beijing. rom 21st century china -- later this hour. yvonne: just under four weeks to go until the u.s. election. we look at risk markets with the head of fixed income, just a head. this is bloomberg. ♪ haslinda: you are watching bloomberg markets asia. let's check on treasuries. yields are higher. 8.18.ve 10-year at 7 yields are at the highest levels in most in the month. with polls showing joe biden his lead against president trump. they are considering a democratic administration. that would push yields higher and curb appetites for asian bonds. joining us now is hayden briscoe head of ubs wealth management. good to have you with us. presidentiale debate and some say perhaps that changes nothing but biden, if he maintains his lead, how much of that has been factored into the bond markets? hayden: i think of the moment it is st

guy: live from london, i'm guy johnson, with kailey leinz in new york. alix steel has the day off. we are counting you down to the european close here on "bloomberg markets." in the u.k., boris johnson announces a three-step lockdown plan. areas in the north of england will see pubs and restaurants closed. . schools are going to stay open, though. brexit talks continue. the leaders of the u.k., france and germany speaking over the weekend, but fish state aid remain unresolved issues ahead of this weekend's critical eu summit. and christine lagarde answers calls for the government to keep spending big and supporting economies. this is philip lane points to more stimulus potentially only way for the ecb. let's talk about the impact of what mr. lane has had to say on the bond markets and elsewhere. european equities are bid today. the u.s. bond market is closed, but the equity markets are open. we are up by 1.2%. earnings season getting up tomorrow with j.p. morgan, but stimulus talks are not going anywhere. the german ten-year yield, yields are going lower. we are also seeing some pr

for more, kailey leinz joins us from new york. so what do we know about the president's condition right now? what is the latest on what his doctors have been saying? >> his doctors tried to paint an upbeat picture, saying the president is improving and could be discharged as soon as later today, but the remarks were inconsistent and they withheld information. reporters theld president did indeed receive supplemental oxygen on friday. he had previously said he did not. point sayingt one his oxygen level dropped to 93%, which would be considered to be a severe case of covid. forquestion has been given three -- he has been given drugs. he has been given dexamethasone, k steroid used in morrissey rip patients. doctors from -- used for more severe patients. he actually contracted it a lot earlier than previously thought. there remains questions about the timeline about his condition and we are going to have to wait and see if he is indeed discharged back to the white house later today. good morning. the president took a surprise drive

for more on the vp debate, let's go to kailey leinz in new york.ore than last week's presidential debate. much more focused on policy as well. what were some of the key issues? >> covid-19 was the number one issue, an unavoidable issue given the president is currently ill with it. the candidates had to be very widely separated during this debate due to the pandemic. , let harris coming after mike pence and the trump administration on that issue. mike pence having to defend himself. he pressed kamala harris on everything from the supreme court to energy policy. there were a lot of questions that stayed unanswered. there were some key policy areas like china where they disagreed. harris saying the trade war is actually one the trump administration lost. it cost hundreds of thousands of manufacturing jobs. a lot of the conversation coming back to jobs and the economy, including the conversation on climate. policy,ugh there was will it make a difference in this election trajectory? vice presidential debates usually don't have that much influence. this