robert kaplan released a detailed essay on what is wrong with the u.s.nomy and what he thinks the fed's next moves should be. bloomberg spoke with him exclusively about where he sees growth heading. our forecast for this year, for the second half is 1.7%. maybe it will be in that neighborhood for 2020. i am not sure what we see that will make it better. most businesses i talk to you want to stay nimble and realize there could be new policy pronouncements any time, and with that amount of uncertainty, they are not cutting back their business, but they are putting new projects on hold. the other thing they are doing is watching carefully if there is a broader slowing, and if there is a slowing in the consumer, they are on their toes that they will take further action. that would cause a further slowing. ,e are in a fragile period which is why i am glad the fed has taken some action, but this could go either way. we can avert a more severe slow down, but the jury is out. michael: in the minutes, you got a report on what happened with repo just a day or two

you are also talking to robert kaplan later on in the program. walk me through what the conversation is. michael: you take a look at the bloomberg,on on your and markets have already all but decided we will get a rate cut, but the minutes have suggested not everyone at the fed are on board with that. there's also a question of whether they will accomplish that much now as chairman powell said this week the economy's real problems are slowing growth overseas and trade. coming up, we will ask the dallas fed president whether he thinks more cuts are necessary, and whether they are worthwhile. we will also get his take on companies in his district. what are they thinking about in terms of investment and expansion for 2020 in these trade war times? not to get you all excited, alix, but he has a lot of oil, nice in his district. the cpi may be on the move today, but in september, it was falling. does that push down on inflation, and what does that mean for a fed that is desperate to get inflation higher? a lot to talk to robert kaplan about. we will se

kaplan argued for limited rate cuts. uncertainty and so much policy uncertainty, i think it would be wise for us not to over telegraph where we are in the cycle. this cutting we are doing should be limited, restrained, and modest, and not the start of a full-fledged cutting cycle. kathleen: the chance to still seen around 76% of an october cut. down around 40% for a december cut. very data dependent. that is the message from the fed these days. paul: the fed minutes indicated a very robust -- a fairly robust escutcheon around inflation. the latest test does the latest u.s. report support and cut this month? kathleen: there were talking about what to do with the deep picture. ae consumer price index on monthly basis came in flat in september. it was up 0.1 the month before, and the core cpi was up just 0.1. it was 0.3 in august, so some people said this supports the need for a rate cut. bottom line, let's take the big picture -- you can see year-over-year cpi in the turquoise bar at 1.7%, down from almost 2% at the beginn

still to come, robert kaplan urges caution. the dallas fed president explains why the central bank should take a measured approach to rate cuts in an exclusive interview. shery: up next, the pound rallied the most in seven months as the u.k. and irish prime minister say they see a pathway to a deal. this is bloomberg. ♪ shery: breaking news at the moment. we are hearing from the minneapolis fed president, neel kashkari, saying he will support the fomc if it decides on 25 basis point rate cut. this timing as he speaks to the wall street journal. he is saying he does not expect a recession but warns that it is possible. if the data continues, another rate cut would be warranted. and he does not see any major financial stability risks for now coming from the fed minneapolis president, neel kashkari. paul. paul: all right. let's get over to our hong -- to hong kong now and check the markets this morning. sophie. sophie: after a choppy few days across assets, hopes of a partial trade deal in d.c. has helped the offshore yuan recover

and an exclusive conversation with robert kaplan shedding more light on monetary policy. >> it should be limited, restrained, and modest. host: it is all straight ahead on "bloomberg best." host: hello and welcome, i am nejra cehic and this is "bloomberg best." let us start with a day by day look at the top headlines. with the u.s. and china set to talk trade in washington this week, investors were optimistic there would be progress towards a deal. what a bloomberg report threw some cold water on those hopes. chinese and u.s. negotiators are preparing to restart long stalled trade talks this week and washington. china is going into the talks with new reluctance about a broader trade deal. going to talkt about industrial policy or subsidies. those of you that if all of this for a long time will say to yourself -- is in that the core of the u.s. complaint? you are right. this sort of signals that china is looking for not big deal or deal or no little deal. the grand ambition on the talks seems to have muted a little bit. or isbert lighthouse realistic about what he can achieve in these

david: we are talking with robert kaplan of the eurasia group.a a challenge or opportunity for western europe? specifically, germany. it is basically an export economy. if china is growing, they will buy more things. germany exports a fair amount to china. is that a challenge or opportunity? robert: both. especially germany, don't want to move that close to china as the regime goes from soft and light authoritarianism to a harder edge, suffocating form of authoritarianism. but they have no option. this is where the money is. this is where the growth is. even as we are in a period where the u.s. appears less and less dependable. david: as you talk about suffocation, mike pence was giving a speech in washington. one of the things he said was it looks like the nba was a wholly owned subsidiary with beijing. did they overplay their hand because of that one general managers tweet? it sent a message to companies that you have to go along with what china wants, including we don't want you tweeting things. robert: i believe it overplayed its hand. on the

owner corey kaplan has a long history in the industry and an ego to match. corey: they didn't even know how to say bagel in chicago until i got there. lemonis: yet his branding is uninspired. it looks old and not reflective of you. his product mix is all over the place. why have capers? and while he and his wife have overcome great challenges together... corey: we have five children. two of them are in heaven. lemonis: ...he struggles with giving her a say in the company. laurie, this is your project... -corey: no. lemonis: if i can't push him to rise to the occasion... corey: i'm not prepared to say, "some new guy came in, now it's different." lemonis: ...his grand plans will never get off the ground. my name is marcus lemonis, and i risk my own money to save struggling businesses. we're not gonna wake up every morning wondering if we have a job. we're gonna wake up every morning wondering how many jobs we have to do. it's not always pretty. everything's gonna change. everything. but i do it to save jobs, and i do it to make money. this... let's go to work.

let's get the robert kaplan -- alix: let's get to robert kaplan . here's what he had to say.o rate cut. here's what he said about how the path should go. now gives usestly the best chance to avoid a more severe slowing. that is why want to use the ammunition now, even though it means we will have less ammunition later. you: what does that tell when you hear that? lara: we are probably in for one more rate cut, but he is trying to change the conversation. are we cutting rates because of the data or because of the risk and because of what is clearly a lot of broad-based hedging from outside the u.s. that fed rate cuts do not help or address. they are trying to chase the conversation away from cutting rates for risk. they feel like they have a trust that. they want to focus is back on the data. alix: i basically said that. robert kaplan was like we do not follow the markets. when yields are so much lower, he said we have to take that into consideration. mark: on our team, there is a fedum, the fred -- the governs the front end and the market governs the long end. when you have a

instead, it is still growth, according to robert kaplan.he idea we will becauset -- fall short uncertainty created by trade wars and slowing mobile glove -- slowingmobile chloro -- global growth. the issue for him is do we get some kind of a trade deal in the short run? if not, he said he might vote for another rate cut or approve another rate cut at the end of this month. if so, he might hold off. for right now, here is what he had to say about where he is. >> we have so much uncertainty and so much policy uncertainty, i think it would be wise for us not to over telegraph where we are in the cycle. this cutting we are doing should be limited, restraint, and modest, and not the start of a full-fledged cutting cycle. notael: one reason he does want a full-fledged cutting cycle is if we do go into a recession, that would leave the fed with very little ammunition. he did say one thing we will get soon. powellirmed chairman jay -- we will find out something about what the fed plans to do about expanding its balance sheet to help control the rep

jay kaplan with royce dividend value fund.ou again thanks. >> thanks, again. >> there has been a lotot of ta among democratic presidential hopefulless about taxes the rich often arguing this they don't pay their fair share. the proem is no one can agree on exactly how much wealth americans pay in taxes. robert franke edition through the numbers. >> the tax headlines this week were about how the rich pay lower tax rates than the rest of america. articles and op-eds "new york times" and "washington post" and other publications said the first time in over 10 oh o year the richest 400 americans paid only 2 of the income in taxes. while the bottom half of americans paid 24%. the rearch is from a new book by manuel sayes and gler zukman at university of california berkeley advising elizabeth warren and bernie sanders and wealth taxes. the economists looked at estimated taxes paid f that including state, federal, stating with payroll, local and property taxes and then calculated the total of those taxes as a share of people's income.

jay kaplan with royce dividend value fund.gain thanks. >> thanks, again. >> there has been a lot of talk among democratic presidential hopefulless about taxes the rich oftens arguing t they don't pay their fair share. the problem is no one can agree on exactly how much wealth americans pay in taxes. robert franke edition through the numbers. >> the tax headlines this week were about how the rich pay lower t rates than the rest of america. articles and op-eds "new york "washington post" a other publications said the first time in over 10 oh years the richest 400 americans paid only 23% of the income inaxes. while the bottom half of americans paid 24%. the research is from a new book by manuel sayes and gabler zukman at university of california berkeley advising elizabeth warren and bernie sanders and wealth taxes. tht economists looked estimated taxes paid for that including state, federal, stating with payroll, local and property taxes and then calculated the total of those taxes as a share of people's income. te numbers are p

francine: that was robert kaplan speaking to bloomberg.ss the concern is how many insurance cuts does the u.s. really need? is that the question we need to ask ourselves? robert: in a way, yes. behind the question, you need to make a decision of whether you think the risks are going to disappear within the next 3-6 months. what a listen to mr. kaplan what he has in mind is waking up in the next three or six months with a deal between president .rump and president xi jinping we removed from the world economy a big source of uncertainty and discover the fed did not need to cut that much. it is probably a rational baseline the problem is we cannot be sure. new source of uncertainty has emerged. another problem which was recognized in the minutes is continue,onger this the slide in growth, the higher the probability that we see the downturn spread to the services sector. once this is started, it is hard to reverse. francine: until that person holds, are we ok? as the labor market is holding firm, we're probably spendinge consumer will remain t

regime in damascus cannot actually sort of live without having backed the oil and gas fields well mr kaplan he just mentioned that everybody the russians the rainiest the turks obviously the syrians one day americans out and the soft x. is usually. that you know everybody wants to take the americans days but from the point of view all syrian reckon struction and syrian suture doesn't it actually make sense to have the americans out because as you mentioned they used to occupy about one 3rd of syria the most amply endowed part of syria doesn't syrian need to be able to rise from the ashes we though without international help. it's really important for the syrian regime to become of these territories as i said before because of the oil gaz water out of most of syria natural resources are located in this part of syria but that will not be enough in my opinion for the construction of the country and still the city region will be needing external assistance from maybe the gulf and other parties so i think this is why you hear russia is trying actually to broker a political solution for the syria

whether we like with our we believe that iran is a sponsor or not that is a different issue but mr kaplan i think you have a very interesting point here and i want to ask you specifically about russia's policy because it's usually framed in terms of its battery ego russia not being treated as if things it should be treated but isn't the the kind of mode that russia is offering for solving the middle eastern problems indeed a little bit if not superior than perhaps sustainable. framework that the americans have been peddling for many decades i mean russia is trying to talk to everybody tries to employ the policy of the least common denominator which means satisfying interest of all the size it's least minimally isn't that actually a good framework not only driven by russia's ego but actually be strategic i would even say global and humanistic considerations well i think interesting to hear president putin last month actually during the summit with the gun and when he said well that was a done a process could act as a model in order to solve the the many conflicts on and the region had he w

councilmember rebecca kaplan says the council is approving direct talks with the county. coliseum site is owned gently by oakland and alameda county and the a's want to build a park at howard terminal by funding it through building a retail and housing development on the coliseum land. >>> the baseball commissioner hinted that if oakland goes through with the lawsuit the league may possibly allow the team to relocate. in an interview with the chronicle commissioner manfred said , quote, i think what a tragedy for oakland to lose its last major professional sports team. i hope the city will come forward and be more aggressive about moving the process forward. he went on to say , quote, the mayor and kaplan expressed strong support for keeping the a's here in my meeting with them and i try to make clear from them that we need more than verbal support for the process. >>> yes, it's time for football tonight. thursday night football. in nfc west showdown. the l.a. rams play the seattle seahawks and the winner will have sole possession of second place in the division behind th

tracee: gordon kaplan is set to be sentenced in boston federal court this afternoon.answers on his daughter's act test to inflate her score. prosecutors are seeking eight months of prison but defense lawyers say kaplan should get no more than 14 days, matching what actress felicity huffman received. it's no surprise, the scandal is turning into a halloween costume this year. the online retailer yandy has college scandal costumes for nearly $70. the sexy outfit includes a prison orange top that says inmate with mom of the year crossed out. and more trouble for retailers, grocery store kroger is laying off a hundreds of employees weeks after executive cast doubts on the company's ability to hit profit targets. this comes as they invest in the online business and delivery service amid tough competition. it won't be a happy new year for employees of bed, bath and beyond. the home goods retailer is increasing the number of stores it expects to close in its fiscal year. usa today reports the retailer will close 60 stores across the company, that's 20 more than originally es

horton kaplan come a former partner at one of the world's largest international law firms paid $75,000 to have someone correct answers on his daughter's a.c.t. test to increase her score. he will become the fourth parent sentenced tomorrow. napa valley vitner in san francisco residents august and will be sentence. he pled guilty to helping his daughter cheat on her s.a.t. test and falsify a water polo profile to get into usc . >>> the san jose sharks open the nhl season with several new players and they were on the road against one of their toughest rivals. it was not a recipe for success. the last vegas golden knights pick up their first goal of the season less than four minutes into the forest.. then they got another goal. two minutes later. the sharks marcus sornenson managed to get a goal in the second. but that was all san jose could do and las vegas one, 4-1. the sharks first home game is tomorrow night. it's a rematch against the loss vegas golden knights . >>> tonight on thursday night football, it's an nfc west showdown. the l.a. rams playing the seattle seahawks. the winner w

here me me thomas kaplan, a "new york times" reporter who was just on the ground in south carolina.call it south carolina. i call it god's country. i'm also joined by ser lean fla maxwell former director of media for the clinton campaign, an msnbc political analyst. i just found out that zerlina may not have ever been to the palmetto state. i was a little surprised. we'll get into that. thomas, i know you just got back from south carolina. you looked at warren's challenge with black voters specifically the there. we're know that's critical for any candidate nationwide. you spoke with one black female voter who said right now people don't know warren and all she needs to do is put herself in front of people. is it really that simple? >> i think that's a big part of it for else. she does not have the kind of longstanding ties to black voters that a candidate like joe biden who has been this public life for decades has. and when warren campaigns on the ground, people come to her events and see her, i think a lot of democrats walk away liking what they're hearing. she's not a very well

gordon kaplan will serve a month behind bars.id $75,000 for someone to change answers on his daughter's a.c.t. exam. kaplan was also fined $50,000 and will have to perform 250 hours of community service. >>> this doesn't seem like something you could reschedule, but giving birth had to wait for some die-hard hockey fans in st. louis. >> john and melissa's daughter was set to be induced wednesday. at about the same time the blues were set to raise the first stanley cup banner in club history. after a chat with their doctor, the inducement was pushed back three hours, giving them just enough time to attend the game and see the ceremony. that's a big deal down there in st. louis. >> what else have they got, you know? >> that's exactly right. that is exactly right, trevor, you tell them. >> you spent time in missouri. >> i did. >> as the only person on this anchor desk that's given birth, is there any event that you would have postponed giving birth to your son? >> i wasn't being induced, so i didn't have a choice. he just said, mom,

. >> reporter: council president kaplan is offering an alternative proposal for what she deems better needs for the security. as for the timing of the suit, right before the a's big game against tampa bay the politics later. >> reporter: now, the next court hearing is set for november 14th. the judge set that to get both sides to file their gults for thehe judge barred the parties from entering into a contract, but the a's can continue their discussions or negotiations with the county. in oakland, laura anthony, abc7 news. >> thank you. the a's players are not thing about lawsuits. they have postseason baseball they have a wild calendar game tomorrow at the coliseum. a crowd of 50,000 is expected for the game and a's manager bob melvin is very excited about that. >> we're going to play in front of fans. it's going to be a football-type crowd. i hear mt. davis will be open and it can get pretty raucous here. >> sean manaea will start for the a's. the winner of the game advances to the american league divisional series against the houston astros. >>> a lot more to get to here. once agai

one with the mayor libby schaaf and the other with the council president rebecca kaplan. larry reed was in the room for both meetings. >>> the commissioner basically said he wants this lawsuit to go away. that the a's have other options that they can consider. if we didn't get our act together.>> reporter: the commissioner took pains to remind everyone five years ago he supported the a's staying in oakland instead of going to san jose. he reminded everyone the a's have a triple a team in vegas and bay area fans will be coming to vegas to watch the raiders.>>> did you perceive his words as a threat that the a's would leave?>> i took what he said seriously. i think the mayor took it seriously. >> reporter: alameda county is trying to sell back to the a's. oakland is going to try to stop the transaction. the commissioner came in and laid down the law. the commissioner is not bluffing? >> i don't think he was bluffing.>> reporter: it seems to have worked. staff in the city of oakland and alameda county are meeting this week to try to hash it out behind the scenes. the mayor r

councilmember rebecca kaplan said the council is approving direct talks with the county. the coliseum site is owned by oakland and alameda county. the a's want to build a park at howard terminal by funding it through building a retail and housing development on the coliseum land. the baseball commissioner hinted >>> of oakland goes through with a lawsuit he may allow the team to relocate. an interview with the chronicle the commissioner said , quote, i think will be a tragedy for oakland to lose its last major professional sports team. i hope the city will come forward and be more aggressive about moving the process forward. he went on to say , quote, the mayor and president expressed strong support for keeping the a's here . in my meeting with them in a try to make clear from them that we need more than verbal support for the process. >>> the a's players will be clearing out their lockers. their season ended for the second straight year in a disappointing one game playoff loss. last night the a's lost 5-1 to the tampa bay rays in the american league wild card game.the ra

. >> reporter: in a text to ktvu comment city council president rebecca kaplan brought the lawsuit would ensure the future of the project will be clouded by accusations of failing to follow the surplus land act. mayor schaaf was having any issues could be resolved outside of court. >> we sit down. we negotiate. and we forge a beautiful future for this piece of land that will serve generations of east oaklco. that certainly will include affordable housing. >> reporter: the a's and alameda county can continue negotiate but they can finalize any deals. the next hearing is next month. in oakland, rob roth, ktvu fox 2 news. >>> for:19. let's check in with sal with an early look at traffic this morning. >>> it looks pretty good so far. i don't see a lot on my screens here and if you are just about to get on the road, i think you are going to have a pretty decent commute on 101 and driving in from gilroy to san jose. the gear s2 became it looks pretty good. driving into san jose, morgan hill and all the way into the valley. you have some good news here. there are some construction delays, clear

one with mayor libby schaaf and the other with council president rebecca kaplan. reed was in the room for both meetings. >>> the commissioner basically said that he wants the lawsuit to go away. that the a's had other options that they consider. if we didn't get our act together.>> reporter: the commissioner took pains to remind everyone five years ago he supported the a's staying in oakland instead of going to san jose. he reminded everyone the a's have a triple a team in vegas and the bay area fans will be coming to vegas to watch the raiders.>> that you perceive his words as a threat the a's would leave? >> took it seriously. i think the mayor took it seriously. >> reporter: alameda is trying to sell its ownership stake back to days. oakland is doing to try to stop the transaction. the commissioner came in la down below. >>> the commissioner is not bluffing. >>> i don't think he was bluffing.>> reporter: whatever he said seems to wked. staff from oakland and alameda county are meeting this week to try to hash it out behind the scenes. >>> the commissioner showe

and call-up said robert kaplan speaks to the commonwealth club of california in san francisco after speakingus on bloomberg tv yesterday. matt: and the last price to be awarded this week is the big one, the nobel peace prize. swedish climate change activist greta berg is -- greta thunberg is among the finalists. and we get a cpr reading in the next 15 minutes or so. that's followed by spanish cpi at 8:00 a.m. london time. stay tuned for those data points . this is bloomberg. ♪ ♪ matt: this is daybreak europe. i'm matt miller in berlin. nejra: i'm erica in london. features extending gains after an iranian take a blast is causing oil to spill in the red sea. we're joined by anne ray hordern. what do we know? annmarie: lots of reports out of iran and reuters that the iranian company that owned this tanker, to caused this explosion and we now have oil spilling into the red sea. reports are also saying this happened 60 miles from jetta, the sally port city in the red sea. there are reports it's being investigated at the moment. we did see brent and wti tick higher on the news. brent is up nearly

syrian writer and the director of policy analysis at the arab center for research and policy mistake kaplanit's good to talk to you thank you very much for being here thank you very much thank you for having me now everybody is now talking about the agreement it's been the turks and the americans as the deal president himself referred to it as something having civilizational significance isn't that a bit of an oversell for what at least for now is essentially a pledge to hold fire for 5 days of course i think i think both the turks and americans must be billie's now that they are having this deal in my opinion because on the one hand it gives what it really wanted from the very beginning and that is to the bush white b.g. all of the senior democratic forces. away from the border along the 140 kilometers borders between the euphrates. borders but i mean this deal was actually reached mainly because the american delegation came with a stick on one hand and the card on the other hand you know that the u.s. congress actually has introduced 3 different bills of sanctions against the senate . the

we speak exclusively to dallas fed president robert kaplan. and pg&e's meltdown.ny is dealt a blow in court, losing exclusive control of its bankruptcy. welcome to "bloomberg daybreak" on this thursday, october 10. i'm alix steel. ernie's coming out now -- earnings coming out now. delta down by 0.6%. a bit better than they had guided. they were looking at the top

sarah kaplan and tony kao attended the acting school in los angeles. according to the "new york times", the women are accusing him and his business partner of intimidating student actors into performing sex scenes against industry-standard guidelines. james says the allegations are false and have been debunked before. the actor plans to fight the lawsuit . >>> let's get you to where you need to go. sal is here watching the roads. how does it look? >>> it looks okay. much better than yesterday. of course we had some of these bad accidents. today it looks pretty good and we are looking at the altamont pass commute if you are on 580. it does slow just before the past. 205 is not too slow yet. there is a little bit of slowing but once you get over to double and it looks good. there is a little bit of slowing in dublin just after 580/680 heading west as they are clearing an accident just after the foothills. give yourself some extra time. and you will see traffic is moving well on interstate 880 in oakland getting out to the bay bridge. 4:50 am. let's bring

gordon kaplan, from apartment one of the world's biggest international law firms paid $75,000 to have someone correct answers on his daughter's a.c.t. test to increase her score. he will become the fourth parent to be sentenced. tomorrow, napa valley vitner in san francisco residents augustine junior will be sentenced. he pleaded guilty to helping his daughter cheat on her sct test and also allegedly falsified a water polo profile to get into usc. >>> the university of california considering dropping the sct score requirement. the la times is reporting the standardized tests are seen as an admission barrier to students who don't do well on exams. research shows scores are highly influenced by family income, race and the parents. experts say the uc decision will likely influence other universities and also the testing industry itself. the task force is reviewing the test score requirement ed to ha next year.in lanes remain closed northbound on highway 101 in san francisco after candlestick point after this deadly crash. we take you to the scene and get a look at the traffic that's back

meat kaplan tell me. if you don't work. you don't eat and if you don't work you get lazy and don't want to do nothing what keep me going i like working. for. a few miles away coming to that his mother have also grown very open phone complete with more animals. and i want to say we only had 8 lots and now we have $24.00 that we keep cut or we grow something on the. reason why we got the horse was to help pollinate our fruit trees are the props that we grow. you know we have beautiful plant with one tradition a lot of the triple triple that when we started here is that i mean the last 6 years been full. of plans to expand the farm so people can come and pick their own food. i don't like to be in the city i want to grow facial. i know the story but come over i get to visual thanks. gets help on the farm via the court system people can do their hours of community service instead of paying a fine all going to prison it's called volunteer hours. the people need by the day i was. coming to the bank. because we go through flooded f

moved to wait a fixture on december the 18th in the spine because of protests in boss line up to 9 kaplan political leaders were jailed spain's football federation made the change but let me go as worried they'll lose t.v. revenue by holding it meant week at a time when the club world cup is also being played. spain's women's footballers have voted to go on strike in a dispute over pay and part time contracts the players union is demanding in increasing the minimum salary to just over $22000.00 a year 93 percent of players voted for strike action the top women's league in spain is one of the biggest in the world with some games attracting over 60000 fans columbia's men's footballers have called the strike for november 3rd over working conditions on saturday some teams were tested by sitting on the ground for all slowly kicking the ball between them they want fewer games a collective health plan and a new disciplinary code and players in brazil have also been protesting this time over an oil spill that they say isn't being cleaned up fast enough by the government but here players wore jers

keith kaplan is the director of communications at the fur information council of america.uite disappointed in the governor's decision to sign this bill. the band does nothing to address animal welfare issues. we made that quite clear for them. the state of california recognises this because they have just debated an assembly on cannabis. their determination there was the best way whether to regulate, legislate and regulate. we urge them to do the same with animal fur, follow a comprehensive certification programme we have adopted worldwide that has been accepted through major brands throughout the world because it means very stringent standards for social and ethical sourcing. these guidelines are in place country, by country and the processes and procedures for monitoring them, third party monitoring them, third party monitoring are in place and they use bar code technology to ensure transparency. that would have been the way to address animal welfare. a ban simply encourages people to go to new york or to las vegas to make their purchases. 0r to new york or to las vegas

spain's prime minister pedro sanchez is in the kaplan capital for talks with security chiefs and to visit injured police officers after a week of major protests in the region with angry pro independence activists demanding the release of jailed separatist leaders on sunday people rallied outside the spanish government's residence in barcelona and dumped bags of trash there they were calling for the release of the 9 jailed separatist leaders found guilty of sedition for involvement in an independence referendum 2 years ago deemed illegal by madrid the spanish government has also rejected proposed talks with california is claiming that they have not condemned enough the violence of the protests in the region meanwhile a national newspaper has been dragged into the controversy as media question explains one country one nation well not when it comes to spain the state has once again divided over catalonia and its independence its 2 years since the referendum and it hasn't gone much further than that and it seems there is not much clarity over the issue so are you a spanish or are you cataloni

. -- the dallasr on fed president robert kaplan.his is bloomberg. ♪ ,avid: let's talk about the nba it's on the ropes in this part of the world, in china, after losing almost all of its sponsors and the fallout from the protests here in hong kong. yvonne: let's look at the potential damage. tell us about the partners that withdrew and who else is left. >> it's just within a matter of latest, have seen the , china'snt venture , andst sportswear maker together with the mobile phone maker, all these brands say they are pulling out from nba partnerships. cctv said they would stop broadcasting the preseason games of nba and tencent also pulled out. with all this going on in china, consumers now have no way to watch the nba games. david: that's a good point to bring up because consumers love their basketball. when you look at the idols that a lot of these aspiring basketball players look up to, a lot of the nba players are actually sponsored. you have clay thompson, what should we be following closely as far as that part of the story is c

father myself, i'm heartbroken by your losses >> joining us now to talk about this, principal at kaplan is not just that boeing is on the cover of business page new york times, boeing ceo had warning before second crash. senators pressure boeings chief. on the post as he looks back at some of those family members not just on the business pages but the stock actually higher so far this week. is this more a measure of the fact that it is really a duopoly. if you want to buy a airplane, there are two companies you can go to. >> no surprise he took a beating yesterday and he'll take another one today in the house. you look back past corporate crisis some say what about chip olte, you have other choices there are only two places to buy big airplanes. if you are southwest airlines and you have 700 737s, you really want to believe in boeing customers aren't supposed to think about what kind of airplane there on. >> exactly what i mean by that, could you see a situation where let's say you are delta which flies a lot of airbus, you might want to reassure the public and say hey, we don't fly the

but again today spain's acting prime minister pederast sanchez refused to take a phone call from kaplan's president kim tura he says that he won't speak to him until torah condemns the violence so the country really does find itself at an impasse and just as it approaches another general election on november 10th. thank you. i. know the european union today saying it did receive the u.k. prime minister boris johnson's letter asking for a 3 month delay to the brics deadline but it's not yet indicated how it will respond mr johnson was forced to send the letter after losing a crucial vote in parliament he didn't sign it and he included another document saying an extension would be a mistake and or symonds has the latest from westminster. the u.k. is deep into bricks it uncertainty once more with the prime minister again being accused of breaking the law and boris johnson's government readying itself for another push to get parliamentary approval for a new withdrawal deal conservative government ministers believe they have enough support so when a meaningful vote on the new deal as early as

romaine: that was robert kaplan speaking exclusively on bloomberg today.ore monetary policy, let's bring in our guest. i feel like most of this year, the past year and a half, the market in the fed have been far apart. i guess that gap has narrowed somewhat, but when you hear comments from others, it is not clear the fed will keep using, or that bet can't be fully priced in, despite the fact the market continues to price that income so somebody will be disappointed, either the fed or the market. where do you think that will align? >> in terms of the minutes they came out, this question about guidance and stopping easing, that was notable. if you are doing that, you are saying to the market that we are not doing a series of cuts. the minutes also highlighted the market may be too far ahead. another attempt to pull those expectations back with the view of the economy isn't so bad after all, but the market has been pretty right about, not just how gdp has slowed down the past year, but what this trade war is all about, a global trade war that has a big impact

taylor: you mentioned kaplan at brainard, who have come out with comments saying the fed is looking atues on digital currencies. governor brainard saying a currencies solution is not a solution to a zero lower bound. walk me through that. >> that is what i made reference to, her remarks, which i agree with. one argument that theoretically minded economists have made is that if you have a digital currency, it is easy for the government or central bank to erode the value of that currency, to inflate it away once it is under government control. the advantage of doing that is not to rip people off, in theory. it is to allow you to go as negative on interest rates as you need to be without having to go through the banking system without having other problems. i think governor brainard makes the argument, and i would make the argument, that it is destabilizing to the financial system. it causes people to want to move their money out. it may cause runs on various institutions, if not the currency, and ultimately there are other ways of achieving your monetary goals than trying to go negative

coming up, robert kaplan joins us for an exclusive interview. don't miss that at 1:00 this afternoon london time. you are traveling to work, you know where to go. bloomberg radio live on your mobile device or dab digital in the london area. there is the team with your first word. all getting ready. with a live shot of london. varadkar and boris meet today. is today the defining moment for a brexit deal? ♪ from the couldn't be prouders to the wait did we just win-ners. everyone uses their phone differently. that's why xfinity mobile let's you design your own data. now you can share it between lines. mix with unlimited, and switch it up at anytime so you only pay for what you need. it's a different kind of wireless network designed to save you money. save up to $400 a year on your wireless bill. plus get $250 back when you buy an eligible phone. call, click, or visit a store today. nejra: this is "bloomberg daybreak: europe." nejra cehic in london. manus: i'm manus cranny in dubai. the un security council will meet later to discuss turkey's incurs

kaplan's attorneys want no jail time.ents who admitted guilt have been sentenced to prison time. felicity huffman, 14 days. devon sloane, got four months behind bars. caplan will learn his fate this afternoon. lorely laughlin and her designer husband among them many are inning closer to trial which is not expected to happen until 2020. steve, ainsley? steve: we'll watch at 2:30 for your report. thanks, molly. >> brian, over to you. brian: federal lounge ruling that harvard does not discriminate against asian-americans. the judge ruled while not perfect requiring raise conscience admissions. harvard admissions program passes constitutional muster according to the that judge. the case is expected to head to the supreme court setting up a potential showdown on affirmative action. what does it mean for asian-americans hoping to get into that i'vely league school or anyone? campus reform correspondent joins us kelly thanks, for joining us. what is your take on this ruling? you do not agree with it. why? >> thanks so much for h

but he wants to reserve judgment on the need for future rate cuts kaplan is not a voter this year. just fy i, i will be interviewing minneapolis fed president tomorrow at the foreign relations. >> who is voting it's either this year or next year he's a voting member? >> i have neal voting next year. he's an alternate this year. same with kaplan >> seeing fed bank presidents putting out statements like this, i mean it's a little interesting the jockeying before the next meeting everybody is trying to get out there where they're coming before they get into the room. >> i thought powell was a little more circumspect about the need for rate cuts than the market seemed to think it was i always have concern about leaning too much where the markets priced >> is this messaging meant for the markets? >> it's not as much of a done deal by the way, they debated yesterday according -- i'm looking at the probabilities for -- it's not as much a done 2k50e8 th deal they debated yesterday not to price in the way of rate cuts in the future. i have the possibility or probability of a rate cut this m

gore dan kaplan received one month in prison. two more menlo park parents who pleaded guilty are scheduled to be sentenced in october. two others agreed -- sniefrnlt hugh naz must -- he's requested usc at water in merced county or somewhere within 200 miles of san francisco. for the i-team melanie woodrow, abc 7 news. >>> governor newsome signed a package of bills aimed to revamp colleges. it includes increasing financial aid and offering more grants and loans. improving integrity in the college admissions process and increasing transparency by requiring stricter donor reporting. holding for profit colleges accountable by increasing state oversight and giving students a way to recover lost tuition. partnerships for k-12 schools and community colleges. the governor also signed a bill to ban sharing deep fake videos aimed at altering elections within 630 days of an election. those are videos manipulated to make someone appear as if they are saying or doing something they never did. you may remember a video what appeared to be speak

the dallas fed president robert kaplan introduced caution to investor enthusiasm.ained why he believes the fed should take a measured approach to cutting rates. >> one thing you've heard me say before, market expectations can change on a dime and i don't think my job is to satisfy the markets. it is to figure out whether we've got the right policy setting, specifically one that fosters economic growth. the other part of my job is to call out -- it is not just monetary policy that has been a cause of this slowdown. ise than monetary policy going to be needed if we are going to grow faster. i'm talking about growing the and force, improving trade the escalating trade tensions. trade skills that would increase our ability to move. >> the minutes of your september meeting show a discussion about whether to publicly suggest when you would end this cutting cycle. do we get something like that? >> i'm not necessarily sure that is appropriate. when you hear people saying i'm agnostic about whether we move from here, that would tell you that if nothing changes, we are going