the ocean overtaking vast swaths of miami in just the next few decades, precisely, keenan ur argues whyisplacing low-income residents in high-valuation neighborhoods is already happening in little haiti. fabiola is a real estate investor and community activist inhe area. >> all of the community sees is just new people buying up , propertiaising the property values and property taxes, pricing them out. >> on the street, most of the homes are valued around $100,000, but this home renovated by an investor is listed for sale at $559,000. its value has almost doubled in the last three years and the neighborhood around it is upgrading as well. >> you hav longtime commercial tenants who have been here for 10, 15, 20 years and new investors and developers no longer want their rent checks. why? because now they're vereping it. >> part of what's behind the gentrification here is just the current trend toward urbanism, but it also scenes like this from last year, miami narrowly missinit a direct from hurricane irma. valuable new properties in the heart of its growing downtown were under water. >>

su keenan is here with highlights.hat we can talk about is how boeing 3m, dupont, all under pressure, but apple saved the day. look at that. all lot of green, especially in the nasdaq 100. oil up one dollar. again, it was a mix. of how a meastory culpa can really help a ceo. also some positive things to say and the perception is he acted like a ceo. lower again on concerns that the exports are really going to be hurt under trump's regine. -- regime. let's take a look at apple. this happened right before noon. trillion dollar market cap. the first company to do it. we have seen others try. at one was briefly above a trillion and fell back during the financial crisis. three other companies right behind. $800 billion cap. can they get where apple has gone? we will see. ramy: we are talking about media and hamburgers, and insurance, all for different reasons. >> the big story is aig. they reported that their profit is taking a hit. the ceo was on the conference call. on a largern a hit than expected underwriting loss and s

we will get more on that in just a few minutes with su keenan.amy, and there is exuberance we are seeing. take a look in asia. we are looking at record highs. new zealand trading just getting underway. that is a market at the highest on record, maybe a little overboard if you take a look at still, itcals, that looks like we may be seeing some profit taking, the kiwi dollar and the sydney futures on track for a fifth day of gains. in australia, trading at the highest since january 2008, so, again, hitting that new 10-year high. we did have a bit of a decline aussi after -- in the aussie after the second largest mortgage lender aussi made a statement. and this really crushed expectations for this attempt 29 80%now 20%, where it was just two months ago. ramy? tech was the big story, with the nasdaq 100 at a brand-new record. keenan joins us. definitely a broad-based rally today. yes, and some were saying stock you for a. it will not be with all of the trade deals that people would like, but now optimism is a good thing. the dollar is a bit weaker, t

su keenan has the latest twist and turns in this tesla tech drama.- posted late friday, it is a stunning reversal of that august 7 tweet. let's cue the stock chart. year to date, that was the peak stock price and he announced on the far right. in the financing had been secured. that followed a week of questions about the financing and now, the blog. let me read from what was posted late friday. he pretty much aborted plans to go predicate musk said he knew the process ongoing private would be "challenging." but they said it would be more time-consuming and distracting than initially anticipated. he went on to say, considering this, he met with tesla's board to let them know he believes the better path was for tesla to remain public. again, if you look at what is ahead this week, many analysts say it could be more of a wild ride in the past month. you can see the gyrations the stock has been on. we know muskk, hastily put together advisors and morgan stanley on taking the company private through possible m&a. goldman also said to be advising those clo

you know me and keenan?stuff that y'all don't even know that we're making breakthroughs for people to do something in the future. >> beautiful. >> like real talk. you guys got to support us, especially the sisters and brothers. y'all got to support us. y'all got to support us. >> you got it. >> like keenan's been on tv since he was eight years old. that's a shame that man is getting an emmy nominated just now. >> just now, yeah. >> that man is so good at what he does. >> good luck to you on the emmys. >> yes, oh, my god! >> we're going to be rooting for you. >> y'all got to be cheering for me, like doing all of the prayers, call the pastor, all of that. >> when we come back, i'm going to hop in my van. this time i'm going -- >> you're going in a van? >> "van in a van." it is my show. you got to watch my show. >> i definitely got to watch that. >> it is called "van in a van." i'm going to atlanta, georgia. >> right now? >> it is a tape! >> you're going to drive to atlanta right now? that's like four hours! [

yvonne: su keenan, thank you very much.et's continue on this story with ig group market analysts kyl joining us from l burn. kyle, in terms of the emerging-market currencies, a lot of currencies getting beaten up. great dayso had a today. will this help emerging-market currencies more broadly and left the peso for that matter? kyle: i think it is an interesting one going forward because we have seen an easing of concerns. how is supported by the fact that everyone stepped away from it. also the chinese yuan, a bit of providing support for that as well. i think at this point in time, the fact that there is more risk appetite in the market and concerns around the trade war and fears around an explosion in certain targets given the wrong circumstances, there is the opportunity for markets to find themselves supported. low volatility environment trickling into developed markets as well as the riskier appetite. >> i just wanted to stay on the mexican peso for a moment. i have a bloomberg chart that looks at volatility. if back t

island's reports are slowly picking through the rubble to recover what's left of their lives the mary keenan river burst its banks at the weekend leaving behind huge mounds of garbage and sludge. disaster management officials said in just eight hours the river rose from sixteen to twenty one meters. just shy of the record of twenty three meters nine years ago when seven hundred people were killed this comic-con it is trying to rescue these tools. all our belongings were washed away including the supplies in my shop everything is destroyed now all that is left are good for nothing just scrap metal and here we are trying to clean them up his case is typical of the region's poorest who are living day to day before the floods and their struggle even more officials are asking the international community for help they want to strengthen and build up their flood control infrastructure. or waltz in we are now we are reading image. networks and as the typhoon season continues mary queen a city and other low lying parts of the philippines bracing for more flooding in wrong card which is a india's prim

su keenan, bloomberg news. the warning for bond traders, jeff says the buildup of speculative short positions in u.s. treasuries is setting those traitors up for pain ahead. the bond investors are in for a big week. jerome powell expected and jackson hole. advisors still with us. very good to have you comment on this then. we got these comments from jeffrey talking about the next short treasury positions indicated by the red mark on recordart, hitting levels. investors, hedge funds in particular, assuming if it sticks to its course and will not be put off by turmoil in emerging markets. is that your view? altaf: we say underweight global bonds as well, including the u.s.. strong. economy stays and we see no reason for the fed to alter its hiking cycle. whether that is because of emerging-market risk or something else, for us, it is about as interesting as watching paint dry and it will keep continuing. anna: it relies on a lot of decoupling for the fed to do , not fingers in ears having to react to emerging-mar

yvonne: su keenan joining us from new york. a quick check of the business flash headlines.to discuss a possible merger. italy's biggest bank has to probe rothschild the delicate nature of these discussions. unicredit shares climbed in milan after that latest report. didi isty to showing -- suspending services after a woman was allegedly raped and murdered on friday. the company says it failed to respond to a complaint about the driver when day earlier. the killing comes three months after another murder was committed by a didi operative. abe putp, can shinzo scandal aside and win another term as party leader. we will be live in tokyo for the latest. this is bloomberg. ♪ yvonne: time in hong kong. ramy: i'm in new york. you are watching daybreak asia. haslinda: the european union faces a new threat with italy's saying it is prepared to veto budget of illegal immigrants. it will look at all measures considering the zynga market finances and oppose anything that isn't convenient -- the market finances and oppose anything that isn't convenient. the lira has fallen sharply this

we will get more on that from su keenan. let's look at the boards. over little more insight into what is happening with the currency. lowerged but it had been in u.s. trading. the canadian dollar and mexican dollar strengthening. yvonne: we mentioned how exuberant these markets where. we heard the president of china when it came to why the sessions are breaking down. it might be cupping some of the enthusiasm of her. an all-time high yesterday. we are coming off of that now. tokyo and seoul looking positive today. it is perhaps a beneficiary when it comes to the yen slump. it will take a look at currencies volker. at 681.91.hat study the turnover has reached unprecedented levels. the daily volume quadrupled in the month of july. adjusting that factor. $.73 for the aussie. let's dive further into the market close. indexes, the nasdaq and nasdaq 100 to another record. su keenan joins us with more. for the most part it was a broad rally. su: a good day for the bulls. a lot of risk on the back burner. for now, it does look good. let's take a look at the

su keenan in new york. let's take a look at the mainland chinese hong kong session.rn taking flight, or flying high. sophie: that would be the case. air china also gaining ground as well as shanghai. this, as the better performing yuan is helping boost earnings prospects for the carrier, which mainly derive in yuan terms. this has earnings recovery quickening. bloomberg intelligence expects the company will benefit from china's acceleration of railway and subway construction. i also want to highlight casio computer. goldman sachs cut the stock to neutral from buy and lowered estimates. they are under pressure after trump canceled the secretary of state's visit to pyongyang. that is casting doubt on the administration's strategy dealing with kim jong-un. here's just some of what is going on today. haidi: thank you so much. with tesla still in the spotlight, a chinese company is also in the sport -- this is bloomberg. ♪ haidi: this is bloomberg markets: asia. south korea's antitrust watchdog has put the country's family-run conglomerate in the crosshairs. to limit put

su keenan in new york with a round of of the overnight moves. let's get to the first word news with jenna dagenhart. jenna: thank you. the escalating trade war is starting to affect american companies with supply-chain exposure to china. some have already moved production elsewhere. the beijing-based u.s. china business council represents 200 companies doing business on the mainland. it says they have been forced to shift abroad with brazil and the eu big the main beneficiaries. north korea says washington can't expect any progress toward stability or denuclearization on the divided peninsula while it keeps its outdated script. they noted calls for tougher sanctions on pyongyang even after it halted nuclear tests and dismantled some launch site equipment. the north remains willing to build trust and implement the singapore agreement. legal teamrump's says some sensitive topics would be out of bounds in any interview with special counsel robert mueller. they include the firing of fbi director james comey and his comments to come he about the inve

that's what this will russia get scandals about russia has to be an enemy in fact look at george keenan who was the father of the cold war strategy he said of the soviet union disappeared overnight. and of course the soviet union did it disappear overnight in one thousand nine hundred one so now we've been russia as a new enemy in the face of clout in europe who knows exactly what's happening to justify the military industrial complex well we hope you don't blame moscow for the outcome falling dime but thank you for coming on the program don call the author of the book the plot the scapegoat russia thank you very much. moving to africa now where police in zimbabwe are reportedly say about three people helping killed after the army opened fire an angry opposition protesters in the capital tanks moved in as tensions rose over the delayed results of the first election since a long time leader robert mugabe was i stood. i. ok so far just looking through some of the reports coming in and this only partial results have been released the ruling zanu p.f. party is on course for a parliamentary

you, su keenan joining us from new york.o the top story, president trump said to have complained that they chairman jay powell has not been the chief money policymaker he expected. your marks to donors at a republican fundraiser or his most personal criticism of powell's performance to emerge so far. .e're joined by joe sobczky this seems to be a little more of an escalation of the president's criticism of the fed. joe: that's right, he's not the first president to grumble about the fed but this is a bit of an escalation because he went directly after the fed chairman he appointed to the job, saying that the fed should be more wages somehim as he battles on trade and everything else. wasng the campaign trump complaining that the fed with keeping rates too low and it was creating a bubble economy, but now that he is in office, he seeing that the rates are rising , although frankly more slowly than they do typically in a recovery that were end, given the fact that inflation remains low. so he has called it up a notch in terms

let's get more with su keenan here in new york. sue, even some positive u.s. data couldn't stop this sea of redful >> not at all. name the commodity, it's a down day. the trade war and turkey. the only one-two punch, stocks closed off the lows but boy, they were down. 10 cent, tech stocks were the lowest. the s&p 500 again down for a fifth out of six sessions. let's go to the commodity story. the bears in control. g.t.e., copper and commodities as a whole tumbling amid the trade woes and the big movers. tesla sexilet subpoena worries the least down stock of the bunch. macy's as mentioned, getting hit hard excite the fact it beat -- despite the fact it beat earnings. ten cent off its low. and micron, the chip sector getting hit hard. a lot to do with the fact we had a lot hedge funds dumping micron. let's go back into the bloomberg real quick, g.t. effort. retail sales were jumping more than forecasts. didn't matter, stocks were in selloff mold, joining the rest of the world at a better than one-month low. haidi: we have earnings coming through on the bloomberg

su keenan is here. start with the fairly mediocre 3.9% for number, unemployment.t was steady growth. su: economists say is -- say it keeps us in the goldilocks zone. the fed stays on track. let's go to the bloomberg. gtv is where you can find these charts. steady as she goes, payrolls climbed 157,000 in july and the jobless rate fell below 4%. behind the headlines, a lot of economists say even though it is below the growth many economists had forecast, it is a steady growth. it follows an upwardly revised 248,000 increase. the prior two months were revised upwards. one economist said there is a flashing yellow light in terms of the economy as a whole on this, but let's go to the big snapshot issues that will be in focus. oil will be in focus because the iran sanctions are coming on. the s&p rallying for a fifth straight week. numbers that the will be coming our way in terms of earnings. disney-21st century, banks and retailers. the disney and media drama will be grabbing the attention. disney coming off a big box office high. they are saying the panther, one of th

we bring in su keenan. investor sentiment somewhat bullish.his is the third day in a row the s&p came within 15 points of an all-time high. to the market snapshot. if we can keep the trade war talk at bay and the trump tweets, perhaps, as the market has a chance to move to the record, we did see this over the weekend after trump criticize the fed chair, which is unusual for a sitting president, but we have an unusual president. gains stocks win back after trump criticized alleged currency manipulation. let's look at big movers. there were notable swings in stocks. this is a time of year that a lot of major wall street investors are on vacation. health care was down, managed to -- tesla was down, managed to erase losses and come back. there is focus on the saudi fund and speculation they might take their money elsewhere. and there is speculation that perhaps a major company will come in and help elon musk in this time of crisis. news down on various including that it's gambling app in china is under scrutiny. rebounding efforts after a strong s

su keenan with all that wall street action overnight. still ahead we will take a look at policy decisions and how they are playing out in the market. up next, as the trade for undermining xi jinping leadership. this is bloomberg. ♪ haidi: we are counting down to the sydney open just as futures are shaping up going into that thursday's session. he unchanged as we look at a beautiful reign of the sydney opera house. we are watching out for the china inflation numbers looking to take up from july. not strongly enough. that is anticipated to show any kind of protection and the burgeoning trade were. i was just going to say i think that unchanged opening it built in the aussie market is echoing what we saw on wall street today. kathleen, we talk about that evan flow of how much the -- the tradesions were tensions and today we see more of an impact. we had the return of the fire from beijing with cars, medical instruments among these u.s. products to be hit right china's latest retaliation. that $16 billion announced by washington and swiftly

su keenan has more.u: bernstein with a note to that effect, and other strategists saying it appears the turkey fears have abided, but they say it could change on a dime. let's go right to the snapshot, the dollar continuing to rise, the highest we have seen in 14 months. small caps were a big part of the push higher, the s&p halting a four-day losing streak. as jessica mentioned, tesla under pressure as a number of major players, goldman, silver lake, saying they were not involved during that tweet. there continue to be questions about financing. formerly known as coach, the luxury purse maker, dega earnings blowout. a lot of optimism about their exposure in china. l brands looking like it will get financing, the very battered stock, parent company of victoria's secret, getting a big rebound. nxp semiconductor in the news, a lot of chip stocks taking a hit despite the rising market. take a look at what was badly beaten up yesterday, the etf, tur is the ticker, it rebounded in a big way, showing that all

we will bring in su keenan to talk.ech stocks and optimism played a role, but the markets barely eked out the record gain. a: eked is the word we used, fraction of a percentage, but it was good for the bulls. the dollar advancing. the 10 year yield, moving closer to 2.9%. 3% is the big red flag. tech put the nasdaq higher. the nasdaq 100, a heavy concentration of tech stocks, and the russell 2000, continuing to break records. the story for best buy, its forecast really disappointed wall street, for an electronics retailer. investors fled the stock. qualcomm, a $10 billion buyback. as they reported results, a lot of investors liked that, but some analysts warned of an earnings risk. it outshoe company, blew on earnings. who knew? people are buying shoes. up 20%. the social media stocks, with trump warning, putting out a google, reallyn spreading his message to all of social media, and a veiled threat, analysts say, that he could take action. that is of concern to investors. let's go to the bloomberg. gtv is where you can

the clerk: nomination, department of treasury, isabel marie keenan patelunas of pennsylvania to be tnn assistant secretary for intelligence and analysis. mr. mcconnell: i send a cloture motion to the desk. the presiding officer: the clerk will report the motion. the clerk: cloture motion. we, the undersigned senators, in accordance with the provisions of rule 22 of the standing rules of the senate, do hereby move to bring to a close debate on the nomination of isabel marie keenan patelunas of pennsylvania to be assistant secretary for intelligence and analysis, department of the treasury, signed by 17 senators as follow- mr. mcconnell: i ask consent the reading of the names be waived. the presiding officer: is there objection? without objection. mr. mcconnell: i move to proceed to legislative session. the presiding officer: the question is on the motion. all those in favor say aye. all those opposed say no. the ayes appear to have it. the ayes do have it. the motion is agreed to. mr. mcconnell: i move to proceed to executive session to consider calendar number 633. the presiding office

. >> what we see here is a theory of climate >> jesse keenan tracked the values of more than 100,000es across miami going back 45 years. in a published study coined the term climate gentrification. >> so you're saying home prices are already falling 10% because of climate change? >> 10% had there not been climate change. >> reporter: he says climate change is altering values on the coast and inland >> we found the higher elevation properties are worth more now, increasing, and will be worth more in the future. >> reporter: because multiple predictions like this one are dire the ocean overtaking vast swaths of miami in just the next few decades the precisely why climate gentrification, that is wealthier investors displacing low-income residents in high-elevation neighborhoods is already happening in little haiti. fabiola is a real estate investor and community activist in the area. >> all the community sees is new people buying up properties, raising property values and property taxes, pricing them out. >> reporter: on this street most of the homes are valued around $1100,000, but thi

bloomberg su keenan has more on this.eally defined the trade talks taking place in washington, there is very much a download over whether we will have any progress here? su: yes, there is a question about trade waiting on the market. strong,ot see tech dollar moving higher, snapping its losing streak, and of course, the nasdaq snapping its streak. what we have the nasdaq 100 there, you can see, it is a very tech heavy index, but it is slightly lower. notice, the chip sector is higher. we will talk about that in a minute. earnings were of mixed bag. brands, the parent company of victoria's secret, they slashed their forecast this week. u.k. steel, affected by markets and its, chip stocks have been very volatile recently, moving higher time frame.t as it really mentioned, material hit.s were let us go to the bloomberg gtv, where you can find these charts. this one is related to something really said about the remarks from trump, if you were to impeachment, stocks could drop. world, has been more heart like -- more hurt by t

. ♪ ramy: the s&p 500 hit an high, and suaday keenan is here with the latest. abnormally sentiment driven market, and if you hit a market like this it gives extra fuel to the bulls or causes nervousness. bloomberg gtv, where you can find our library of charts. first time since january we are back at levels. why nervousness? the strategist says with the background of trade talks, peak margins, now brand-new one-two punch headlines for trump, there could be nervousness. let's go to the market snapshot. we did see dollar weakness, the s&p closing off the record as we got the trump conviction headlines. the broadest measure of the market small caps, all-time closing high. big movers, tesla was down and then back up. morgan stanley, the second big firm to suspend coverage. ew, someld create a vi view that as a positive speculation. analyst commentary about people under 30 buying into tesla at the lows. billionaire ken griffin takes a position. brokerstrade, online taking a hit as jpmorgan announces they might offer a free online trading service. haidi: su, we saw th

su keenan has the latest. su: the market has known this was coming. it was a date certain, although there was optimism that perhaps there was wiggle room. we've known how often trump changes his mind p let's go to the markets because the news did land with a side of the market. 100 down,e nasdaq that is tech heavy. as well as the semi conductors. let's go into the industrials index and you can see exactly ba-boom where that news hit. this sector the most it because they are exposed to the tariffs. let's go to the act is where you seem retail take a big hit, in addition to u.s. steel in the bullseye of those tariffs. dollar tree down because they do not have an online sales strategy. michael's disappointing with eeir third quarter adjusted ps. bloomberg. the wall street has been upping his estimate, look at this blue line. stocks are coming close to the year-end target. two of the bullish analysts, there are starting to be a question on the market, are stocks all your valued -- are stocks overvalued? haidi: in terms of specific movers, moves on these t

keenan allen faces several traffic offenses. a passenger in the car that allen was driving. he didn't run away, and he, too, was arrested. n>> drivers in fairfax county have to keep eye out for firefighters at the major intersections over this weekend because they are hoping to fill the boot and raise money for muscular dystrophy. money you donate will pay for patien to see specialists to attend camps and for research. fairfax firefighters have been doing this for 39 years and because of their effort the localer firefig association makes the biggest donation to the muscular dystrophy asciation in the country. and the tents are up. the stage is lit and the sound crews are gettiheir final checks done. almost time for the birthday bash for anacostia park. it starts tight at 6:00 with ain could sert on the lawn and on saturday there will be boat tours and a parked scavenger hunt. >> heree go, folks. let's take you live to chapper 4. the redskins up the road in baltimore closing out the preseason against the ravens, and this is a liv

slowly picking through the rubble to recover what's left of their lives the mary keenan river burst its banks at the weekend leaving behind huge mounds of garbage and sludge. disaster management officials said in just eight hour was the river rose from sixteen to twenty one meter is. just shy of the record of twenty three meters nine years ago when seven hundred people were killed this comet conic is trying to rescue these tools. all our belongings were washed away including the supplies in my shop everything is destroyed now all that is left are good for nothing just scrap metal and here we are trying to clean them up his case is typical of the region's poorest who are living day to day before the floods and their struggle even more officials are asking the international community for help they want to strengthen and build up the flood control infrastructure. bremer was and we are now we will be in our reading image. networks and as the typhoon season continues americain a city and other low lying parts of the philippines bracing for more flooding in wrong card which is a. venezuelan p

slowly picking through the rubble to recover what's left of their lives the mary keenan river burst its banks at the weekend leaving behind huge mounds of garbage and sludge. disaster management officials said in just eight hours the river rose from sixteen to twenty one meters . just shy of the record of twenty three meters nine years ago when seven hundred people were killed this calm account of his trying to rescue his tools. all our belongings were washed away including the supplies in my shop everything is destroyed now all that is left are good for nothing just scrap metal and here we are trying to clean them up. his case is typical of the region's poorest who are living day to day before the floods and their struggle even more officials are asking the international community for help they want to strengthen and build up the flood control infrastructure. bremer was in we are now we will be in already image. networks and as the typhoon season continues mariquita city and other low lying parts of the philippines bracing for more flooding in wrong cause which is a. philippines presid

slowly picking through the rubble to recover what's left of their lives the mary keenan river burst its banks at the weekend leaving behind huge mounds of garbage and sludge. disaster management officials that in just eight i was the river rose from sixteen to twenty one meter is. just shy of the record of twenty three meters nine years ago when seven hundred people were killed this calm account of his trying to rescue these tools. all our belongings were washed away including the supplies in my shop everything is destroyed now all that is left are good for nothing just scrap metal and here we are trying to clean them up. his case is typical of the region's poorest to a living day to day before the floods and the struggle even more officials are also seeing the international community for help they want to strengthen and build up the flood control infrastructure. bremer was in we are now we will be no redeeming . networks and as the typhoon season continues mariquita city and other low lying parts of the philippines bracing for more flooding in wrong code which is a severe flooding in s

bloomberg's su keenan is here. su: a lot of pressure to push the stock either way.k about the possible ending. we have learned from people close to the matter saudi arabia sovereign wealth and, also known as the public investment fund, has built up a stake of 5%, under $200 billion in tesla. the way tesla has traded has a lot to do with the questions about where their private funding might be coming from. couldarabia's involvement possibly be the answer to taking the electric our maker private, as elon musk has tweeted out he intends to do. people close to the matter say discussions are at a high level, but no commitments are set. we are told according to people who have asked not to be named that this investment is a strategic way for the biggest crude producer to hedge against oil. we are told the discussions began before the controversial august 7 tweet that we find out is the subject of these lawsuits. we found last week that tesla has spoken to softbank a year ago. we now have confirmation from people close to the matter that those talks faded because of issues

su keenan joining us from new york. looking at those filings. it is rate decision day in indonesia.open just about an hour before it gets underway. whatng at that, and also we have at the moment with we haveto that, and how a lot of pressure to do something about the rupiah, which keeps depreciating. an interestng at rate hike possibly after several interest rate hikes in recent months. jci moving up .25% in the session the us far. it is fairly. -- early. turkey responsible for some of what we have been seeing with that rupiah. we will look at whether the turmoil appears to be stabilizing. earlyalyst say it is too to say whether the worst is behind us. ♪ behind us. ♪ : asia pacific markets sliding. tencent among them, going from hero to zero. turkey remaining -- without either side willing to blink. i'm in hong kong. haidi: and i am in sydney. tesla still making headlines. boardn sachs was not on wrote his tweet. asia.s bloomberg markets: ♪ haidi: what does the central bank do in this part of the world when facing a wall of volatility. bond yields are spiking to 20-year highs. we ar

su keenan is here with the latest. helped push itse higher. we go into the market snapshot and again, you see the rise of the dollar, the bonds. you are seeing gold and oil turn lower in extended trading. we are seeing hedge funds because of all the concerns about the cross current. movers werebig earnings stories of the day. berkshire hathaway really kicking it out with its second-quarter earnings and creating hope of a buyback. facebook getting a lot of attention on the possibility it may have linkage with the banking industry. also giving positive news on it not having to take down as many accounts as some people thought. as we go into the bloomberg, we can see the real story of the day. it is the unprecedented earnings. the s&p 500 index has been knocking it out of the ballpark at historic pace, 82% of the 413 companies that reported so far. .t has been the biggest winner 94% of firms topping estimates. telecoms not quite so big because they only have three companies. energy, not surprising, has been the laggard, haidi. haidi: the story wh

su keenan has more. is therey a longshot any comparison.ave other analysts telling their clients, it looks like things have faded, but it could change. let's take a look at the snapshot. we have the dollar stronger. that put pressure on commodities, even though we saw oil rebound earlier. small caps saved the day. the s&p 500, halting its biggest losing streak since march. we talk about tesla, how it continues to be under pressure. where is that funding coming from? you also see tapestry, a big move higher on strong earnings and a view that china is the big market for these luxury handbags . this is the parent company of victoria's secret, a badly beaten up brand. the semiconductors, under pressure. a lot of hedge funds, adding to their stake in an xp. let's take a look at the heavily traded etf that is tied to turkey. we talked about it being down 15% friday, down another 11% monday, and it rebounded as the lira came back. now we go to gtd. the correlations between the lira and the em currencies, hitting a one-year high. we are seeing em c

su keenan is here with highlights. start with how apple offset declines by the major exporters. take the heatd off the industrial companies that took a hit. let's go to the market snapshot because we can do that with the dollar stronger and oil moves in opposite directions. if we go into the actual markets, the nasdaq 100 putting on strong gains. let's go into the big movers because tesla soared the most since 2013. shows you what a mea culpa from a rather maverick ceo can do. he apologized to the analysts. performance was well. somebody said he acted like a ceo. boeing, dupont, all down as there is concern about [indiscernible] coming down with the latest round of tariffs. let's go into the bloomberg. what was not taking a hit, gtv is where you find our charts, apple some of the first company to hit $1 trillion, before noon. also did that, but only briefly. no one in the u.s. has done it and it was after four decades under steve jobs who started ,his company in a garage revolutionized computers, mobile communications.

su keenan has all the action. where do we begin here? su: we started the market higher , and then it was all about turkey. concerns at into trade war concerns. let's go right into the bloomberg. gtv is where you can find our library of charts. the two-year rising faster than the 10 year bonds. it is an inverted yield curve. and short, what it means generally, pain in the near-term theories the financial are being broken and that is an understatement here. doubled tariffs on turkey on friday. president erdogan signaling the finance, lashing out at the u.s. country, heme his says. the lira plunged. turkey took higher rates off the table. while it took steps to bolster its banks, analysts are wondering, was it too little, too late? the lira lost a quarter of its value, pushing down turkish assets, kicking off a selloff. let's go into the u.s. reaction. the market snapshot says it all. mentioned, that punished commodities from oil to metals. the s&p 500 falling for a fourth day, the longest losing streak in five months. let's go into some of

thanks very much, su keenan, with the latest on the market.oining us is david hader, chief metro strategist -- macro strategist. david, always good to have you on the show. let's hop into the terminal because i want to talk about these records we have been seeing today. the s&p hitting a record. the nasdaq hitting a record. strategists raising the target price to 3000. what do you make of what is happening right now? >> i am confused by the whole matter. in the camp. you guys have been talking about it for the last few minutes, the watch and wait remains to be seen. uncertainty,t of not the least of which is the midterm elections. we are going to get to more hikes these year, and i am impressed met the stock market is responding the way it is doing. the progress that was made in the trade situation obviously is not part of this. it's gotten enthusiasm. i also want to say, and this is a little dicey, but it is august. it is hot. there are still an awful lot of people out. i wonder if this is something of thelliquid move coming into late summer.

central are dire the ocean overtaking vast swathes of miami in just the next few decades, precisely keenanfication, wealthier investors displacing low-income residents in high elevation neighborhoods is already happening in little haiti. fabiola florenville is a community activist and investor in the area. >> the community sees new people raising their property values and taxes, pricing them out. >> reporter: on this street, most of the homes are valued around $100,000, but this home renovated by an investor is listed for sale at $559,000. its value has almost doubled in just the last three years, and the neighborhood around it is upgrading as well. >> you have long time commercial tenants been here for 10, 15, 20 years and new investors and developers no longer want their rent checks, why they're redeveloping it. >> one miami developer we spoke to is actually hedging his bets building luxury towers on the coast but also investing in a major new residential and retail plan on higher ground. he argues the property taxes from those luxury towers help the city invest in new technology to safe

i friend tim keenan came home and he was hitchhiking and a family took a mock the road and took him out for dinner and return him to his parents but they certainly came home to a changed american. >> lynn did you want to add?>> i wanted to jump in it here, it was critical on how the veterans thought they were received and retrospectively looking back, as doug said no one-story fits everyone's experience. i think there may not have been as literally spitting as you might think that there was a sense of everyone coming home and no one thanked them because we did not win the war, or it was just that unfinished aspect of the war and world war ii veterans home to victory parade as everyone was over there until the war was over and i came home and people were celebrating in the country and here people came home one by one as a country and bitterly divided about what had just been done. and then there was the conflation of not who was responsible but this specter of war crimes and whether soldiers had committed them. just focusing on the individual soldiers instead of those who sit down and se

precisely, keenan argues why climate gentrification displacing low-income residents in high-income neighborhoodss a real estate investor and community activist in the area >> all it sees is new people raising the property values and pricing them out. >> on the street, most of the homes are valued around $100,000 and this home, renovated by an investor is listed for sale at $559,000 its value has doubled in just the last three years and the neighborhood around it is upgrading, as well. >> you have longtime commercial tenants who have been here for 10, 15, 20 years and new investors and developers no longer want their rent checks. >> why because now they're redeveloping it >> one miami developer we spoke to is actually hedging his bets and also investing in a new residential and retail plan on higher ground. he argues that the property taxes from those luxury towers help the city invest in new technology to safeguard the city from water to hear that interview and more it's all up now on cnbc.com and we have a new page there for our rising risk series >> it is such a good series. >> my question is

my friend tim keenan came home and he was hitchhiking and the family took him out the dinner before they dropped him off to his parents' door, but they were coming home to a changed america. >> nancy franklin in north carolina -- oh, lynn novick, would you like to the add to that? >> i just wanted to say, because it's such a critical point about how the veterans felt they were received and a lot of retrospect looking back. as doug said, no one story fits everyone's experience, but i think, you know, there may not have been nearly as much spitting, literal spitting as we might think, but there was a sense that they came home and no one thanked them, because we didn't win the war. or not no one, but it is that unfinished business aspect of the war and the world war ii veterans came home to victory parades, because everybody was there until the war was over and coming home and the country was celebrating. here people came home one by one to a country so bitterly divided over what they had just done and the conflation of not just the who was responsible, but, you know, this sort of the spect

. >> jesse keenan tracked the values of more than 100,000 single family homes across miami going back 45 years, and in a published study coined the term climate gentrification. >> so you're saying home prices are already falling 10% because of climate change? >> 10% to where they would have been had there not been climate change. >> evidence he said that climate change is altering home values on the coast and inland. >> the higher value properties are worth more now, increasingly, will be worth more in the future. >> because multiple predictions like this one from climate central are dire the ocean overtaking vast swaths of miami in just the next few decades. precisely why climate gentrification, that is wealthier investors, displacing residents in high elevation neighborhoods is already happening in little haiti. fabiola is a realty investor and activist in the area. >> you see new people buying up properties, raising their property values and property taxes, pricing them out. >> on this street most of the homes are valued around $100,000, but this home renovated by an investor is li

department of treasury, isabel marie keenan patelunas of pennsylvania to be assistant secretary for intelligence and analysis. the presiding officer: is there a sufficient second? there appears to be. the clerk will call the roll. vote: vote: the presiding officer: are there any senators in the chamber wishing to change or change their vote? if not, on this vote the ayes are 75, the noes are 20. the nomination is confirmed. under the previous order, the motion to reconsider is considered made and laid upon the table. the president will be immediately notified of the senate's action. the presiding officer: under the previous order, the question occurs on the following nomination, which the clerk will report. the clerk: nomination, the judiciary, terry fitzgerald moorer to be district judge for the southern are district of georgia. the presiding officer: all those in favor say aye. opposed, no. the ayes appear to have it. the ayes do have it. the nomination is confirmed. under the previous order, the nomination is considered made the motions to reconsider be considered made and laid upon the table

senate received documents for justice sotomayor's confirmation after they were reviewed by lesley keenan. she represented obama campaign manager david plouffe and eventually became white house deputy counsel in the obama administration. as the one-fourth point you had out -- as the "wall street journal" pointed out in an editorial yesterday the senate received documents for justice kagan after they were reviewed by bruce lindsey. now, mr. lindsey overlapped with justice kagan in the white house, which was a democrat white house. he also served as president clinton's national campaign director in 1992, as president clinton's hyper partisan senior lawyer and a real big fixer in the white house and as c.e.o. of the clinton foundation for ten years including when justice kagan was nominated. now, i would think anybody raising questions about a lawyer by the name of burke ought to be really embarrassed by bringing up that issue when you look at how it was handled in previous nominees to the supreme court by people that were partisan. so how much more partisan can you get than the people i jus