let's turn to karina mitchell in new york for the first word headlines. karina: good morning. friday will bring the last u.s. payroll reports before the election and the reading is expected to show a sharp deceleration in job gains and a slowing in the recovery pit analysts estimate employers added 875 thousand new positions in september which would be the smallest improvement in the nascent revival so far. new fed stimulus is not -- companies are shedding jobs and virus cases are climbing. meanwhile, coronavirus infections continue to search with new york -- surge. health officials in the u.k. say london is at a tipping point while parents may close bars and restaurants. increasingly, top social restrictions are being imposed on madrid while ireland has had its highest case level since it's lockdown eased. s top 34 million with deaths above one million. almost 20,000 of its workers have tested positive or are presumed positive for covid-19. the figure is around half of what it had expected. amazon says it tested employees regularly, whether they were showing symptoms or not,

karina: it is 10:29 a.m. in hong kong. i am karina mitchell with the first world headlines.lus talks remain gridlocked. president says that republicans are having a hard time with lissy. she said that the admission offers have been grossly inadequate. says that action to support the economy is vital. >> republicans want to do it. we are having a hard time with nancy pelosi. he thinks that she can influence the election. i think they're hurting themselves. karina: china says that it will maintain normal monetary policy. pboc governor says that he will ensure apple the liquidity and reasonable growth of money supply. he also cautions that stimulus could -- he says the institutions and shareholders are as possible for doing with that risk. reports from brussels say that big tech may face new rules on market dominates. they are targeting up to 20 large internet economies that would have to accept top or restrictions. sources say this may go beyond monetary policies. be forced to police illegal content and products sold online. china has removed and out that helped users sidestep

karina: this is "daybreak asia." i am karina mitchell.rump seems to have abandoned any hope of a virus package before the election next week, telling reporters that the white house -- at the white house that he sees the vote. refuted the accusation that nancy pelosi is demanding funds to bailout states and local governments and saying the best package ever seen is on the horizon after the election. levels ist at state increasingly worrying the reserve bank of india. any reports that states are taking on more financial obligations to take on covid-19 is adding pressure to local governments. it devastated revenues at national and the state level and the federal government has revised its borrowing plan to a record 177 billion u.s. dollars. india's eastern state goes to the polls wednesday. the first test for narendra modi and his hindu-nationalist party since the pandemic struck. india has one of the world's strictest and biggest lockdowns. covid cases are continuing to soar amid spiraling unemployment and the worst economic downturn in dec

karina: the u.s.ourt is allowing women to keep obtaining abortion inducing pills during the covert outbreak. it effectively denies request for the trump administration to reinstate a requirement patients visit a medical facility. it was the first major decision since the death of ruth bader ginsburg, who was a staunch supporter of abortion rights. the mood among merchants in japan rose to its least pessimistic in more than two years, adding to signs the recovery is taking root. a gauge of sentiment among store managers, taxi drivers, and others moves to its highest since april 2018. the news will be welcome for the new prime minister in one of his key advisors say he may call an early election year. global news, 24 hours a day on air and i bloomberg quicktake powered by more than 2700 journalists and analysts. i'm karina mitchell, this is bloomberg. yvonne: time for the morning calls. let's get to sophie kamaruddin, who has been tracking notable moves. china markets are the big focus still. is now the

i'm karina mitchell. this is bloomberg. paul. paul: thank you karina.me, we will look at the economic future of china. technology consumption and the environment are to be in focus. up next, they world bank says that covid-19 could push 150 million people into policy. mari pangestu joins us next. this is bloomberg. ♪ shery: as coronavirus numbers surge again, countries are looking at new restrictions that are threatening the world economy. the royal bank is warning that the new restrictions could put 150 million people in new poverty. but speak with mari pangestu. we have seen the economic recovery being led by asia, as china comes out of the pandemic first. how has this resurgence in global cases threatened the recovery, in asia? asia, we needfor to do what we are doing now. each country is still undertaking these restrictions. side, there has been recovery and trade. container shipping, for instance. it is recovered and that at higher rates compared to the same time last year. i think that there are signs of recovery in asia. a lot of that is between

i'm karina mitchell. this is bloomberg.ill have more details on the pboc's policy ahead, with authorities making it easier to bet against gains in the yuan. how far they will go to cap the currency strength. plus, the world bank and imf begin meetings later today. analysis with steve cochran from moody's. this is bloomberg. ♪ ♪ amid the worst recession since the 1930's, the imf and world bank hold annual meetings this week. the fed is warning the pandemic recovery will be long and uneven and our next guest echoes that. he joins us now. in your most recent notes, you point out some of the factors or the downside risks, i should say, when it comes to the nation recovery we have seen. so hopeful in asia, and potentially comes to a grinding halt. could you go through some of those for us? steve: the biggest risk is there is a second wave of covid-19. -- certainlyally if there is a large wave across europe and the united states, there would be a diminishment of global demand for goods and goods production has been driving the as

let's get to karina mitchell. karina: we start here in the u.s.he senate has voted to advance the vote on supreme court nominee amy coney barrett despite democratic objections. her confirmation hearing later monday is hardly in doubt. the democrats intend to keep the senate in session to stall the vote. they want the vote to wait for the election while republicans see the chance to lock in a conservative majority for years to come. in other news, the governor of the reserve bank in india is the latest prominent figure to test positive for covid-19. he says he is asymptomatic and will work in isolation. he tweeted i -- he tweeted our b.i. operations will continue as normal. india has the highest number of virus infections after the united states with the economy shrinking the most among its peers. the australian state of victoria has recorded no new covid-19 cases and no new deaths after 24 hours. it is the first day since early june with zero cases. prime minister scott morrison ons criticized andrews' decisi to extend restrictions for the rest of

i am karina mitchell.is bloomberg. ♪ coming up next, the scrutiny on google from washington adds to concerns about tech valuations, but our next guest is still bullish. our guest joins us next. this is bloomberg. ♪ ♪ shery: tech stocks remained the best performers this year, scrutiny from washington and climbing valuations are sending investors elsewhere. , though, thearrea ceo of larrea wealth management is still bullish. ofs the partisan regulation tech giants give you pause when it comes to stocks? any type of negative news to push these stocks down is a buying opportunity. these stocks are part of the new, pandemic-based economy. examples being apple, microsoft and roku. they are not just looking to buy any type of stock in this area, but are dominators of the industry. so we see a positive upside any time news comes out, and we will acquire more. when it comes to investing, you have to gauge relative strength of stocks. although there could be buying opportunities, valuations are still pretty high. do

this is bloomberg. ♪ karina: this is "daybreak: asia," and i am karina mitchell.tor michael barnier said they have not advanced to enter a tunnel phase, while they say the u.k. is ready to leave the market without a deal. sterling fell on that news. , missing out on the latest bid for power, failing to convince the king he could reform the government, offering proof of majority among lawmakers and repeating calls for the minister to step down, however, they say that anwar failed to present names. arrested thailand have protesters and put pressure on the king. demonstrators say they will press on. they want new elections and a review of the constitution and curbs on the power of the monarchy. the king is protected from criticism by lengthy prison terms. .lobal news, 24 hours a day on air and on bloomberg quicktake, powered by more than 2,700 journalists and analysts in more than 120 countries. i am karina mitchell. haidi? will the move to 5g lead to growth? lopez with is maribel lopez research. apple, what about how the market reacted overnight? hand, 5g isthe one

let's get to karina mitchell with the first word headlines. karina: the u.k.ejected a move by the european union to revive stalled brexit talks, saying there's no basis for h resumption without compromise. london says it was a constructive move demanded a more on the mental change of approach. boris has warned an accord is unlikely and says u.k. should prepare for a no deal split. meanwhile, global coronavirus cases have now searched past 40 million and shows no signs of slowing. u.s. infection rates rising in 48 states, while europe is imposing tighter restrictions on daily life. london, paris and other big cities under strict curbs, while ireland is enacting some of the toughest restrictions seen. the world health organization says failure to control quarantine rules has led to the resurgence. thai stocks hit a six-month low after investors were driven away. the benchmark set index closed at its lowest level since april 16 as demonstrators vowed to keep up the pressure from constitutional reform. the index has lost more than 5% of its value since protesters

i'm karina mitchell. still ahead, the hong kong-singapore travel bubble has revived market interest in airline stocks. we discussed the opportunities and the challenges with asia-pacific's vp. set ad: first, democrats tuesday deadline to agree to a stimulus package if it is to pass before the election. we will discuss the chances of that happening. this is bloomberg. ♪ rishaad: you are back with bloomberg markets. enterck stimulus talks another week as the world watches on. nancy pelosi saying tuesday the deadline for an agreement before the election. president trump said he can convince republicans to back a so-called good deal. let's get to senior editor derek wallbank. going to happen between now and tuesday for pelosi's deal to go through? you, one of the encouraging signs i saw if you , nancy pelosi's office said they would start writing legislative text in preparation for a deal. that is a key step because drafting a bill of the size of the stimulus package would be can be like a two or three day ef

let's get to karina mitchell.arina: banking australia is easing virus curves and editorial with citizens that allowed to travel further. easing infection rates allow state official to -- businesses remain shuttered until next month, the stay-at-home order will be completely -- with hospitality to reopen. china is granting -- to attract investment for at home and abroad. this grant finance markets protection event lecture property and new economic relations, china new service as the policies are more wide-ranging than those given to the free trade. many tech to companies. protesters in thailand are bowing to continue despite warning from authorities and a state of emergency in bangkok. new protests are reported across the capital and in at least a dozen provinces elsewhere in the country. authorities closed real stations ahead of sunday's latest rally and are reported to have fired mortar cannons to disperse a crowd. -- water cannons to disperse a crowd. iran is calling a man meant to a seen as a is symbolic victor

this is bloomberg. ♪ karina: i am karina mitchell with the first word headlines. u.k.s leaders say they are unhappy and unconvinced. leaving the e.u. will come with upfront costs. company bosses were urged to prepare for the looming split, deal or no deal. boris johnson joined the meeting, saying whatever happens, change is coming to the u.k. the u.k. government is set to abandon plans for a three year spending review. boris johnson attempts to map out his priorities for a post-pandemic world. richey c not -- the minister told him a stop gap is needed. the treasury declined to comment but they say it's been in intensive talks with downing street. over to thailand, it is welcoming its first foreign tourists for seven months. a rate of hope for a sector that is crucial to the national economy. 39 chinese individuals carrying special be says that will require them to test for the virus and install a tracking app on mobile devices. bangkok reported nine new infections, all of them reported -- imported. hopes are rising honesty must deal in washington with the white house r

i'm karina mitchell with the first word headlines. has released the first glimpse of the five-year plan promising to build a tech powerhouse and emphasize quality growth over speed. initial details stress the need for sustainability and a robust mastic market. softew plan elevates tech alliance to a national pillar that there is no guidance on the desired pace of growth. growthd is revising its outlook, saying the economy will shrink by less than previously thought. toryism, electronics and the wider economy have been devastated by the virus but the government sees a contraction of 7.7%. that is down from a decline of 8.5% forecast in july. two american men accused of helping the former nissan chairman carlos don't -- carlos ghosn escape prosecution have won an 11th hour -- a judge decided to allow more time for an appeal. they were notified wednesday evening they would be sent to japan. french president emmanuel macron has promised to stand firm in the face of islamic extremism after three people were killed at a church in nice. he i

i am karina mitchell. this is bloomberg. haidi, over to you. ondi: still ahead, "daybreak: asia interviewiss our with a perspective from silicon valley. guest is going to speak about economic recovery. komal sri-kumar will be here. this is bloomberg. ♪ haidi: let's take a look at the jump in the early part of trading that we are seeing here in sydney. jumping at one point, as much as 13%. this is what we are tracking at the moment for that stock, up. this is after the company reported underlying its tariff around 300 and 40 million australian dollars. that increase is of about 30% over the second half of 2020. the benchmark still spreads, and it is set to improve. still citing uncertainty over the impact of covid-19 and macro weakness. business is looking like it could deliver a similar result for the second half of 2020, and improvement in results for australia and new zealand and business in the pacific islands. we are seeing that up. and outperform her in the early part of the sydney session. optimism h

i'm karina mitchell. this is bloomberg. still ahead, malaysian opposition leader says he will meet the king to offer proof he can form a new government. we have james shen joining us for more on the political roller coaster. tom: next, we look at the state of australia and china relations as canberra seeks clarity from beijing on the reported coal import ban. this is bloomberg. ♪ ♪ tom: welcome back. the australian government seeking clarification from beijing on reports that china has suspended purchases of australian coal. the move comes amid heightened diplomatic tensions between the two countries. for more, we are joined by our sydney energy reported. why is china moving to target australian coal imports this particular moment? there there's no doubt has been a steady increase in tensions between beijing and canberra this year. one flashpoint was in april the australian prime minister raised the possibility of an international investigation into the origins of the coronavirus in the chinese city of will wuhan,which did

i'm karina mitchell. this is bloomberg. haidi: still ahead, chinese stocks are nearing all-time high. -- highs. vision funding. that is next. this is bloomberg. ♪ haidi: let's take a look at some of the coal related stocks. we are trying to gauge for , suspending coal imports. we are seeing downside most currently -- significantly. the group declined to comment on the story. mind, coal miners will suffer the amount, given the demand when it comes for iron ore is pretty robust. shery: let's discuss the markets . gaining.market index our next guest says they are still a bargain, despite the run-up's. the head of equity, great to have you with us. really not created world. equal. where are you seeing the opportunities? emerging-markets have very nice rebounders already. focusk we should really on countries that entered the pandemic crisis from a position of relative strength. they had a really healthy balance sheet and reserve. they have certain policies to respond pandemic more effectively than other countries. is urging mark

im karina mitchell with "first word" headlines. pelosi says that they are just about there with stimulus negotiations. tochin and posey are close negotiations. other key demands are still being discussed. harvard university has posted that revenue will likely fall for a second straight year. the ivy league school reported the first decline since the 1930's. the fallout from the coronavirus is driving this. education has been hard-hit by covid-19, with many schools forced to offer remote courses and reconfigured in person classes. is lebanese prime minister back in office, one year after quitting, amid nationwide protests and accosting economy. to agree how to lead lebanon out of a deep economic crisis. critics say they are back to square one. sri lanka president has regained sweeping powers after government won a vote. it means that authority will be in the presidency at the expense of the prime minister. is acs say that this threat to the independence of the legislative process. across the flying pacific are on alert after the ele

let's turn to karina mitchell for the first word headlines. karina: the u.s. aims to keep up the pressure on china when secretary of state mike pompeo meets his counterparts from japan, australia, and india later. the so-called quad nations are to meet in tokyo to demonstrate solidarity in the face of china's widening influence and ambitions. beijing expressed concerns that the quad is an attempt to form a new cold war. new data show covid-19 cases spreading again across the u.s., especially in rural areas and smaller cities but also raising concern in new york. and 34 states, the seven day average of new cases is higher than a month ago. although they have fallen in california and florida. the centers for disease control is altering guidance, saying the virus can spread through the air at more than six feet or two meters. the prime minister of malaysia is in home quarantine after coming into contact with a minister who was positive for covid-19. he will spend two weeks in isolation although he says recent tests have been negative. on monday, malaysia logged i

let's get you the first word news with karina mitchell. karina: the u.s. keep a pressure on china with secretary of state mike pompeo meets his counterparts from japan, australia and india. they are to meet in tokyo to demonstrate solidarity in the face of china's rising influence and ambitions. beijing expressed concern the quad is an attempt to form exclusive and stoke a new cold war. the former korean trade minister looked to be a step closer to leaving the wto after european union government offered support. the race to succeed is in its final months and the eu says him and the former nigerian finance wto intendsthe to announce a winner by november 7. the world second-biggest cinema chain cineworld is closing all of its u.s. and u.k. movie theaters amid a resurgent virus and winter blockbusters that have been pushed back. all 536 theaters in the u.s. and 127 in britain will close temporarily, affecting as many y as 45,000 jobs. no timeline has been given to for the reopening. pent-up demand in china as half a million people traveling to medically in th

paul: thank you, karina. still to come, niall ferguson joins us.iall said there are nine reasons that trump may still win the presidency. samsung's reporting with us later. be a generation of a meaningful property. -- i meaningful profit -- this is bloomberg. ♪ thee do not really know how pandemic will unfold, but what we can say is that we think the margins are worsening. >> i do not think that it is a knee-jerk reaction. we know what it means to the economy of countries or sections of country start lockdown again -- surprising. i think that portfolio managers that i am talking to want to get the election behind them and focus on how bad the covid news is going to be. >> so much hedges on the election outcome, because you have very different policy priorities coming from two wildly different candidates. >> we are not seeing the support for fiscal stimulus from the government. we know what that means for the markets and the economy. >> the prospects are that we are not going to get anything essential until after the inauguration, which is many mont

i'm karina mitchell. this is bloomberg. haidi?aidi: we will get more on china's move to suspend australia coal purchases with tim buckley. he tells us what he thinks it was always going to happen. next, u.s. leading stocks higher. we get the market outlook. this is bloomberg. ♪ haidi: u.s. stocks climb into an almost six-week high, but our next guest says she's not sure investors are truly pricing in the impact of the failure to extend coronavirus relief under the cares act. shery: joining us as spotlight asset group chief investment officer shana sissel. always great having you with us. this comes at a time where we are seeing the s&p 500 valuations at record highs. this chart on the bloomberg showing forward p.e.'s at the highest in almost two decades. how impactful will the coming earnings season be given that really every dollar below estimate could have such a big impact? shana: i think it's very impactful in terms of where the market is going to go. i think the second quarter where we saw 84% of the s&p 500 companies surpris

on to the first word news with karina mitchell. karina: we start down under.nolian report new covid cases or deaths over 24 hours. it is the first a since june of no new cases increasing pressure on the prime minister to ease the lockdown. hasprime minister criticized his decision to extend restrictions to the rest of the month citing damage to the economy. the king of malaysia has rejected calls for a state of emergency to tackle the coronavirus. after the opposition denounced a request to hold on to power. the government has been handling the crisis well and called on lawmakers to stop politicking and undermining civility. he hasme minister says noted the opinion and will discuss the matter further. thailand faces more antigovernment demonstrations as there are calls to resign. on mondayrally again following demonstrations in the capital and in provinces around the country. protest leaders say they are not impressed by the lifting of the state of emergency in bangkok. brexit talks are being extended into the coming week as the u.k. indicates optimism about a

let's turn to karina mitchell for the first word headlines. karina. [no audio] exceeded its authority. a parallel effort by the wechatnt to block $.10 messaging service has also been halted in court. the administration appealed that ruling last week. a check on gaming activity in macau says gross revenue was down 76% from a year ago. bernstein looked at casino activity in the first seven days of this month and says the results are disappointing but not unexpected. was gamingy macau revenue falling well over 70% this whole year before a robust recovery through 2021. the mood among merchants in japan rose last month to its least pessimistic and more than two years, adding signs that the recovery is taking root. store managers, taxi drivers, and the others rose to its highest level since april 2018. news will be welcomed for yoshihide suga and one of his key advisors says he may call an early election next year. malaysian opposition leader -- says he will meet the king next week to offer proof he has enough support from lawmakers to form a government las

i'm karina mitchell.ad, an exclusive interview with the mining chairman jay klein on how the company is navigating the pandemic and geopolitical tensions. to surge up the billionaire index. this is bloomberg. ♪ is setack ma's and group to raise almost $35 billion through ipo's in shanghai and hong kong. a mega listing set to rank as one of the biggest ever and will make ant one of the most valuable investing firms on the planet. give us a sense of how much interest there is from investors in this ipo. >> institutional investors have subscribed to 70 billion shares which is 284 times the initial offline offering according to aunt -- ant. sourcesbeen told by that folks subscribed multiple times within the first hours. shery: this will not only make jack ma but his staff very rich or richer. >> jack ma is already one of the richest men in china, has a grouplling stake in ant and it will help his wealth empire as well he has many cofounders and jack ma has been generous in giving these staff share options as

i am karina mitchell with the first word headlines.lus talks remained deadlocked with speaker nancy pelosi saying agreement with the white house remains elusive, although the house is ready to vote on a deal this week. the two sides accusing each other of moving the goal posts, raising doubts a deal can be reached before the election. policy wants president trump to push republicans to consider the nearly $2 trillion package. >> we are waiting -- >> they said they would and you are waiting -- >> but they haven't yet. they keep moving the goal posts. we want it the sooner, the better. that is why we were making concessions to. >> we don't even have the bill yet because nancy pelosi is coming up. i know she can speak to this. we continue to make offer after offer and nancy continues to move the goal posts. karina: the king of malaysia has rejected calls for a state of emergency to tackle the virus after the opposition denounced his bid to hold onto power. he says the government has been handling the crisis well. he called on lawmakers to

i'm karina mitchell. this is bloomberg. shery: we have the latest lines out of microsoft. we have first quarter revenue climbing better than projected at 12% earlier. strengthened by corporate demand for cloud computing services. now it is saying it second quarter intelligent cloud sales will come in between 13.5 $5 billion and $13.8 billion. saying second quarter productivity sales will be $12.75 billiond to $13 billion. . it expects strong demand for new xbox consoles. although the hardware supply for those consuls could be constrained. still ahead, the u.s. election campaign enters its final week. we will see how president trump is trying to tip the odds back in his favor. details next. plus, companies hedge their exposure to asset volatility. senior strategy officer wilson custer discusses the latest currency impact report. this is bloomberg. ♪ just ahe u.s. election week away. the latest polls continuing to point to a democrat victory. joe biden is maintaining a seven point national lead over president trump, holding o

i am karina mitchell. this is bloomberg. ahead of this hour, vietnam's potentially caught in the geopolitical crossfire between the u.s. and china. joinsmbassador to vietnam us as the trump administration accuses hanoi of currency manipulation. this is bloomberg. ♪ just taking a look at the philippine markets, moving to the upside. the peso having the best quarter among em currencies apart from the bulgarian lev, just gaining a tad, but nothing much going on as we see the dollar index moving to the upside. all against this backdrop of the philippine central bank keeping its key interest rate unchanged for a second straight meeting. it'd also approve an $11 billion cash infusion to the government. the central bank, doing heavy lifting to boost an economy forecast to shrink more than 6% this year. we asked the governor about the policy response. adjusted wasime we said for asjune and , ig as the crisis is ongoing a sprint. is not this is a marathon. i think we want to ease before , whichthings normalize would mean employment a

i am karina mitchell. this is bloomberg.we have been tracking top calls as we count down to the asian trading day. sophie in hong kong. australian iron ore exports due in the coming days what are we expecting? sophie: with the demand we see in china, export numbers give us clues as to the demand from china ahead of the golden week holiday and when it comes to recent market strength, commonwealth bank out with a note saying they see iron ore tracking higher this quarter. we see prices averaging $118. ton in the final three months of 2020. a weaker dollar has been a support the base metals. haidi. bond: taking a look at the market, huge price action in treasuries after trump said he was stopping stimulus tops. flattening the yield curve, can we go lower? to highlight what he had to say about this. he is in betting on lower yields and reiterated that stance with jonathan ferro on tuesday, expecting the fed will be stuck at zero in the long run and noting the absence of a large stimulus package and strong growth in the u.s., so

i'm karina mitchell. this is bloomberg. shery: still ahead, the latest on the global race for a covid treatment. johnson & johnson sticks to its timeline even as clinical vaccine trials are put on hold. we hear from the cfo, later. first, chinese president xi jinping is expected to lay out his vision for the greater bay area leader. what to expect from his speech and what it could mean from hong kong. this is bloomberg. ♪ haidi: xi jinping will deliver a major policy speech across the border from hong kong. he will spell out his vision for an integrated global tech silicon valley. stephen engle joins us from hong kong. we know the policy priority shenzhen plays. at are we expecting to hear today? inphen: like what happened , widely seen in china as a critical moment in chinese history, unleashing the power of the province to counter at that time the four asian tigers, there are four different challenges with the u.s. led i guess crackdown or pressure on the so-called bifurcation of the next generation of tech innovation. ch

i'm karina mitchell. this is bloomberg.to you. come, hundreds of billions of jobs have been lost, with women and minorities disproportionately affected. we will discuss the workforce next with the head of the international labor organization. this is bloomberg. ♪ china construction bank has a slew of reports from chinese laborers which wraps today with results from icbc, think of china, and bank of communications. chief -- our chief north asia correspondent joins us. what did the results tell us about the health of china's lenders? lenders,big state known as policy lenders, are at the mercy of government initiatives and when things are going well, they often benefit from policy but when things are going badly, as it did throughout the first half of the year as china suffered with the pandemic, the banks were ordered by the banking regulator -- to givery commission, preferential treatment, interest rates to businesses and rollover loans, they basically take one for the team in listing them to support the economy through the

i'm karina mitchell. this is bloomberg.ack to you. shery: still ahead, we speak exclusively to salesforce ceo marc benioff later this hour. plus, more casualties of the pandemic. australia's central dessert becomes a parking lot for jetliners with international traveling. spectacular pictures coming up. this is bloomberg. ♪ shery: we have breaking news. eli lilly's government trial of covid treatment in a hospital setting will end. eli lilly said no additional covid-19 patients in its hospital setting trial will receive it. this recommendation based on trial data suggesting the drug is unlikely to help hospitalized covid-19 patients recover from this advanced stage of their disease. all other studies of the drug remain ongoing, including -- this was an nih sponsored study. eli lilly now ending that hospital setting government trial of its covid-19 treatment. ant group is set to throughmost $35 billion a dual ipos in hong kong and shanghai. a mega listing that will rank as the biggest ever and make ant one of the most valuab

let's turn to karina mitchell. numberscoronavirus continue to rise with new york city's seven-day average of daily cases nearing the level that would trigger the closure of some businesses. the average top 501 for the weekend, approaching the warning threshold of 550. restaurants in paris avoided the shutdown imposed on the city's bars while malaysia is restricting travel from parts of borneo as cases surge there. the imsi wto are warning the longer and bumpier than expected global recovery, the imf will slightly upgrade its forecast for 2020 next week as the rebound to prepend a man levels may take 12 months more than first predicted. global tradeying is predicted to grow by 7% next year compared to its earlier forecasts which was three times as much. the european says the recovery needs urgent fiscal and monetary health amid rising virus cases. president christine lagarde and ecb chief economist philip lane said the eurozone --he says the recovery will run into a halt in the final months of this year as infection

[karina garay speaking spanish] fernandez: it's a place that has now been taken apart by a government action called operation mercury. [man yells, men respond] [garay speaking spanish] [garay speaking spanish] [garay speaking spanish] [gonzalo cordova speaks spanish] [garay speaking spanish] [woman speaking spanish] [camera focus adjusting] [garay speaking spanish] [garay speaking spanish] [luis loraico speaking spanish] [garay speaking spanish] [woman speaking spanish] [garay speaking spanish] [garay speaking spanish] [luis loraico speaking spanish] [garay speaking spanish] [luis hidalgo okimura speaking spanish] [teacher speaking spanish] fernandez: an ngo that tracks mercury and mining has estimated 185 tons of mercury are released to the rivers and lakes of this region every year. and at the bottom of those rivers and lakes, there are naturally occurring bacteria that transform liquid elemental mercury and turn it into another form of mercury which is even re dangerous, which is methylmercury. fernandez: it's a type of mercury that's absorbed almost at 100% by livinorganisms. [stu

now let's get to karina mitchell. first warning about restrictions, the fragile recovery and the threat to jobs. they were united in their forecast saying that support will remain vital for some time. governor called out that japan is again at risk of recession. iran is hailing a momentous day expires.n. arms embargo . it is seen as a symbolic victory for iran and a blow to the u.s. which has pressured allies to extended. protesters are vowing to continue their antigovernment push despite warnings from authorities. new protests reported across the capital and in at least a dozen provinces. authorities were reported to have fired water accountants to disperse the crowds. china is trying to lend more autonomy to raise its profile. protection of intellectual property and new economic regulations. more says the policies are wide-ranging than those given to the free-trade zone. more than several companies including huawei and tencent. global news, 24 hours a day, on bloomberg and on quick take, powered by more than 2700 jo

." ♪ karina: with the first word news, i'm karina mitchell, nancy pelosi -- i'm karina mitchell. . speaker nancy pelosi and treasury secretary steven mnuchin are expected to continue talks on fiscal. meanwhile, the president is brushing aside criticism from senate republicans who say it is just too much money. hisbiden is maintaining double-digit lead in the polls. a new survey from "the washington post" and abc news had the candidate leading president trump did you 52% to-40 2% -- trump 48% nationally. he is tied in iowa, a state won easily and when he 16. president trump tweeted that he was immune to coronavirus, but twitter market as a rules violation by tweeting potentially harmful information relating to the coronavirus. windy and hot conditions returned to california this week. pg&e says it may need to cut off power in the northern part of the state to reduce chances of its equipment starting wildfires. the utility emerged from bankruptcy in july after paying more than $25 billion to resolve fire claims. global news 24 hours a day, on air and on bloomberg quicktake, powered b

let's get the karina mitchell on first word headlines.aul.: good morning, coronavirus numbers continue to rise in the u.s. with reported daily cases in new york the highest since may and a record surge in the midwest. a new report says the death rate for covid-19 is higher in upper income countries, with tend -- which tend to have more elderly populations. thellege in london says richer nations have a patella to rate -- have a fatalily have a fatality rate that is four times that of lower-income nations. germany and france are entering new lockdowns, and the uk's considering the same. the european central bank offers a strong hint stimulus is coming as eu governments impose new virus lockdowns. is ecb governing council holding its bond buying program until at least june but says it won't help support until the covid crisis dies down. the council says new forecasts in september reveal plans for market support. and a former malaysian prime minister is reported to have said that muslims have the right to kill french people after the murder o

having been a parent at a school where karina was a supervisor, i have to say, karina, i give you a lot of parent for turning me from an angry frustrated parent into a collaborative partner. you were totally instrumental in helping us understand not just the process but also part of why the bureaucracy is the way it is. you helped us understand why the system is a little convoluted and helped walk us through it, so on behalf of me and my family, i'd like to say thank you very much. >> miss martin? >> my name is julia martin, and i'm the sfusd ombudsman and parent of a senior, long time member of the c.a.c. and got to know karina many, many years ago through c.a.c. meetings and really appreciated her at that time as someone who was willing to lend an ear, even if she wasn't my supervisor. but to lend an ear, to give a hug, to be there to support families, and you really helped through some difficult times. i really appreciate that. i've become even more impressed with her leadership, with her voice and empathy and strength in always speaking up for families, and now in her new role in ea

let's get you to karina mitchell. coronavirus cases have surged past 40 million and show no signs of slowing. u.s. infection rates rising in 48 states while europe is imposing tighter restrictions on daily life. other big cities are under strict curbs while ireland is enacting some of the toughest restrictions yet seen. the world health organization says failure to control quarantine rules has left -- led to the resurgence. the u.k. rejected a move to resume solid brexit talks. tossels said is prepared intensify work on a final agreement. london said that was a constructive move but demanded a more fundamental change or approach from the e.u. boris johnson warmed and accord is unlikely and says u.k. should prepare for a no-deal split. proteststinuing street will drive investors away and hurt the weakening economy. the benchmark set index closed at its lowest level since april 16. demonstrators vowed to keep up pressure for constitutional reform and curbs on the monarchy. they have lost more than 5% of the value since

and then you can get a copy of sabrina and karina so now i will turn it over and say thank you for joining us we appreciate you giving us the time. >> thank you jeff. hi michael it's great to see you virtually like this. >> going for the book seriously reading the way when i was a teenager with a secret treasure trove of information i was printing off quotes from you and i ran out of think one - - inc. it was so much. so the book is a triumph. and experience with these wide ranging topics as part of the american story. the issues range from poverty and modern policing and then me to movement and the centralized ideas how we as a nation and to see ourselves. so the first question is what is the process to work together and what is the story of america who are trying to tell? >> thank you first of all to jeff and magic city books and you were participating it everybody watching and tuning in. so the book came together. is not the book i intended to write after my first one. lynn was very happy with it and publish the book. and then i turned 30 that you will be for the election of 2016 go two

hablÓ con Él sobre todo lo que estÁ pasando, pero cuÉntanos karina, sabemos por ahÍ que le mandÓ unro es una seÑora la admiro mucho, guapa, cenamos, dos veces la traigo a mÉxico firmamos el contrato y gracias a mi socio, Él se toma el tequila siempre me dice tÓmate el tequila no te lo tomes a shot tÓmatelo a besos yo me confundÍ. >> es culpa de las fotos de chiquis rivera en instagram. >> ¿por quÉ? >> no me digas que nos has visto las fotos de chiquis rivera. >> le mandÉ una foto y dije wow! >> tÚ podrÍas enamorarte de una mujer como chiquis rivera con la que tienen tanto en comÚn. >> por quÉ no, es una mujer hermosa, apasionada, de bueno corazÓn es una buena persona yo no sabÍa que era tan religiosa, dÉjenla de atacar, conozcanla y se van a dar cuenta la clase de personas que es. >> el mensaje que jorge cuevas le manda a chiquis es me, pero sincero y contundente. >> te mando un beso mi amor. >> mÁs claro ni el agua, el seÑor ya no niega que sÍ hay como un intento de iniciar un romance con chiquis rivera, ya nos confesÓ tambiÉn en su llegada al aeropuerto que estÁn intentando inicia