we will see if margaret keenan or evenin we will see if margaret keenan or even in mckellen are watchesreturn of the doomed squad. it's like a popular heavy—metal band getting back together. i popular heavy-metal band getting back together.— popular heavy-metal band getting back together. i think there's going to be... back together. i think there's going to be--- pretty _ back together. i think there's going to be... pretty disappointed - back together. i think there's going to be... pretty disappointed to - back together. i think there's going | to be... pretty disappointed to hear the front page. there was a lot of briefing. boris was getting ready to promise his backbenchers who made their thoughts known about vaccine pack ports. there won't be a lockdown and they're going to ditch a lot of provision in the coronavirus act. but he's not ruling them out, and some of those powers will still be retained. there is going to be part of this, including the potential compulsory mass wearing and work from home orders. potential even for some social distancing measures to be reintroduced if t

let's get over to su keenan. su: chuck schumer says the senate will take further action this week to keep the u.s. government open, after senate republicans blocked legislation to suspend the debt ceiling and temporarily extend government funding beyond september 30. one likely scenario is lawmakers strip out the debt ceiling language from the funding bill and find another way to address the debt. bloomberg has learned that janet yellen is declining to return calls from the imf chief, was accused earlier this month of improperly intervening in a world bank report. the communication breakdown comes ahead of the imf and world bank annual meeting starting in october. sources say they previously had easy access to yellen. meanwhile, the leader of germany's social democrats is calling on partners to join him in a new government as soon as possible. the appeals to the greens and pro business free democrats to daca three-way coalition. angela merkel's -- says they will still try to forge a majority. becky ally says that

i'm su keenan. this is bloomberg.nne: take a look at evergrande and property developers in china. seeing a decent boost given the fact we had heard from the pboc vowing for a healthier market. evergrande up 6%. lysing the most since 2014 on the back of them refuting there was this report they were seeking any kind of help from the government. that stocks surging today. rishaad: it was all about them asking a local authority for help in terms of some of their development. they have denied all that good will be talking of bill -- they have denied all that. we'll be talking about evergrande. one of the shareholders further selling down his stake in the company. details along the way. ♪his is bloomberg. rishaad: shares of chinese property developers rising sharply. voicing support for this battered real estate market. yvonne: stephen engle joining us. it seems like at this point we are seeing some verbal support. >> vague support. coming from the central bank, the pboc's thing they want to have a healthy property market a

reunited, 91—year—old maggie keenan and matron may parsons.d matron may parsons. morning. mac uie. and matron may parsons. morning. maggie- good _ and matron may parsons. morning. maggie. good morning,. _ and matron may parsons. morning. maggie. good morning,. . - and matron may parsons. morning. maggie. good morning,. . so- and matron may parsons. morning. maggie. good morning,. . so nicel and matron may parsons. morning. l maggie. good morning,. . so nice to see ou. maggie. good morning,. . so nice to see yom in — maggie. good morning,. . so nice to see you. in december, _ maggie. good morning,. . so nice to see you. in december, may- maggie. good morning,. . so nice to see you. in december, may gave - see you. in december, may gave mac aie see you. in december, may gave maggie her— see you. in december, may gave maggie her pfizer _ see you. in december, may gave maggie her pfizerjab, _ see you. in december, may gave maggie her pfizerjab, the - see you. in december, may gave maggie her pfizerjab, the first . see you. in december, may gavej m

i'm su keenan. this is bloomberg. shery: a massive backlog of container ships is waiting to dock at l.a. port which is the busiest in north america. bloomberg's ed ludlow is standing by at the report for the latest. ed, so how bad is the situation on the ground? >> it's bad as it's ever been. and it's not just that there are more than 60 container ships at anchor. it's the time they're spending there. almost nine days on average before they're able to come into the port and be unloaded. and they can't unload these containers quick enough. that's partly by a shortage in truck drivers. but also some downstream backlog including some key u.s. rail terminals like los angeles, detroit. so that is the situation as it stands. the question is how do we resolve all of this? how do we clean this you? unfortunately we're able to speak to port executive director gene seroka and what he had to say about the fixes going forward. >> flout the supply chain, asia factory output is at record highs. we're still behind on orders. increas

. >> su keenan has been watching the story for us. how do you think this law will be used? is not clear but it shows the biden administration is preparing to get tough with companies that don't share the information they say they need to alleviate the shortage and to determine whether there is any hoarding going on. the global chip shortage has caused havoc in every thing from automobile production to laptop manufacturing. the commerce department has been working for months to try to get their hands around this issue. the commerce secretary announced that they are looking at invoking this national defense production act. it is a cold war your act. she says they are refusing to provide the data at this point. they have sent out questionnaires giving 45 days for companies in the supply chain to answer. the request is voluntary at this point but that could change. the asian chipmakers -- it is not clear how they would react because it is not clear exactly what the biden administration is going to do but clearly they are strengthening their toolbox. gina raimondo said she does

shery: su keenan there with the latest. of wall street's biggest banks have flagged results ahead of third quarter. jp morgan expects revenues to be better than forecast while citigroup says earnings from trading were probably decline by one percentage in the low to mid teens. wells fargo delaying his plans for two weeks while reevaluating the impact of president biden's vaccine plan announced last week, which will require large private employers to mandate shots or testing. it's the third time wells fargo has pushback is return to the office date. haidi: here in australia, westpac will be hosting consumer confidence, as the lockdown continues for much of the country. united group slid after the executive director director was charged with insider trading related to disposal of shares back in 2019. saying he emphatically denies the allegations. lots more ahead on the trading day to come. this is bloomberg. ♪ shery: for only the second time in the state's history, californians will decide whether to out there governor in a r

su keenan enjoys us with the latest. su; chinese authorities have been talking tough four months but there was a missive -- it was nine regulatory agencies that set all crypto-related transactions will be considered illicit activity and specifically called out offshore exchanges targeting chinese users, banning them from hiring locally from roles. we are seeing to of the world's biggest crypto exchanges halt new registration for chinese users. one is going to retire current accounts in the months to come and a spokesman saying it does not have exchange operations in china but does block chinese ip's. let's go to the way crypto's are changing. there has been a bounceback, some green back on the screen. that is how crypto tends to trade. bitcoin, which we have in the bloomberg, it has been one wild ride and this appears to be another roadblock for the currency. bitcoin has rebounded better than 1.5%, back above 43,000. ethereum up more than 5.5%. it will be interesting to see how this latest chapter plays out. many bitcoin

yvonne: let's bring in su keenan, joining us with more.lmart and litecoin quickly denied such a deal. what happened? su: both backed away and discredited the system. in fact, the litecoin creator who spoke bloomberg, admitted the foundation screwed up a bit in retreating a fabricated announcement -- retweeting a fabricated announcement. he woke up in the morning and saw the news animatedly thought, that's awesome. the discredited announcement was put out there, all the parties involved are trying to find out what is behind it. and charlie lee, litecoin's creator and managing director of the foundation, denying that it had anything to do with it. he told us about his reaction. take a listen. >> the thing is, with litecoin, anyone can start supporting it and accepting it without talking to me or going to the foundation. so what happened business news got released by global newswire and reuters and one of our social media guys saw it and actually thought it was true. su: so he said an employee had retreated the fabricated announcement, not re

paul: su keenan there. for some positive moods, for customers of evergrande wealth management products, a look at how this fits into the wider picture, let's ring in our markets reported. tell us about this installment paid to smaller investors. >> good morning. this is an agreement they had already made with its customers [indiscernible] to its investors. it seems like at the companies prioritize some of the borrowers, special retail investors because that is important to maintain the social stability, but they still have a lot of debt to pay. shery: this story as so many different facets, right? including trying to's purchase in the stake of a struggling bank, the local government asking for the stake, for the money to be going to debts with the lender. what else do we know about how this saga is getting resolved? >> the good news is it seems like the government is trying to prevent the fallout from ever grant -- evergrande. pboc has been called into ease the housing markets and easing markets for some ho

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bloomberg's su keenan joins us.ing the reserves is september 24 or imminently. the announcement was made last week. it is an historic opening of the strategic reserve to bring down prices. the initial auction will be seven port form billion barrels of crude, according to the agency responsible for this. the option is going to involve -- yes, the move is designed to lower oil prices. let's look at a three-day chart of brent crude. the announcement did indeed weekly and immediately jelled prices lower, down to $74, but they quickly recovered, heading for $77. that may indicate that this is liquidity absorbed by the market. the unprecedented move is designed to ease the pressure of rising raw material prices per china facing a surge in cost of commodities not just for crude and other energy prices such as: natura gas, but in general is it -- such as coal and natural gas. a lot of analysts and banks are saying we could go much higher. it looks like brent crude is on a path $80. goldman is saying it could go to $90 this

we're done for the word what truly was it and it was it's conceal keenan for us to be, you need not only been trying to not the new shamela. gimme a call. yeah, yeah, that issue way. well, the russian and probably my last oil can the bombing of yugoslavia be considered a war crime alms? most emphatically, yes, it was not approved by the united nations period. it was a nato operation. it was in legal nato operation. they killed over 2000 innocent civilians and frankly in this and soldiers who hadn't declared war and anybody ah yeah, i i can't read the drugs are essential for millions of patients. or are they, they want that pill that they hope will take care of their problem thoroughly and rapidly in the short term they really work. the problem is, in the long term, they're mostly disastrous. suddenly stopping a drug can cause withdrawal symptoms more serious than the condition it was meant to treat instead of the beneficial effects of these different medicines, any up to something wonderful, very often they're harmful effects and up to something terrible can pills. so of all ills are try

no clue games this deal, honestly, missouri, lest she with a ship when they enter to cushion the keenan car, just come to because they could look into it gets the outcome of things you will make issue because of that and getting them in a non jewish issue for most people should be finished yet and then i mean, i didn't know when the kids took zip because she nearly under more than the de interested. she said he had to tell them when you get that more for kelly lou lou than homer. you know where the fuck and just go in and figure out and as you know, what nash little know exercise in the, in the, in the, in the ship it in the kitchen. what is it from what i can call you? i had to be to the edge of you. i can be a 3 medical call. she just it's a medical passion. somebody even like you did about you know, it was the same sending me to it that i had a fish and we'll go let's do a little school with that. certainly. yes. let me show that she know to her. yeah. had it is had any good until you have molina. i don't really get ever had to be taken, but if you want to control, yes, i will get yo

we're done for the word what truly was it and it was that it's conceal keenan for us. do you need a shuttle new running to the new game, need that issue with all the russian and probably my last oil. can the bombing of yugoslavia be considered a war crime alms? most emphatically, yes. it was not approved by the united nations period. it was a nato operation. it was a legal nature operation. they killed over 2000 innocent civilians. and frankly, in this and soldiers who hadn't declared war and anybody ah, the financial money, there's a girl. i wanted to be the central product support dong could i call them? i know they stopped the war on drugs nodded as a way to come back. a great problem, what's the wonder? it's part of the attitude of the nation, not just of north dakota, and it got to be something that you could get elected. this time, the fight against drugs took a check and told us that andrew was competing short form. this is way too dangerous for him to be doing. clearly they put him in harm's way. a rural college student does interest get shot in the head and fo

we're done for the word what truly was it on a visual so it's conceal keenan for us. do you need a shuttle? you've been trying to not give me a call yet because that issue with all the russian and probably my oil. can the bombing of yugoslavia be considered a war crime? alms? most emphatically, yes. it was not approved by the united nations period. it was a nato operation. it was a legal nature operation. they killed over 2000 innocent civilians. and frankly, in this and soldiers who hadn't declared war and anybody ah, the the the families that mark mark, can you go to somebody else who was it or? no, no. how do you all do? i don't john got that. i've got that limit and i wanted them to put that on the schedule. i don't know what's going on. the less about the news and what we've got to do is identify the threats that we have. it's crazy confrontation, let it be an arms race is on, often very dramatic development. only personally, i'm going to resist. i don't see how that strategy will be successful, very political time. time to sit down and talk to me. the news. it w

we're done for the word what truly was it and it was it's conceal keenan for us. you vision. neil, you've been trying to not only overshadow, gimme a call. yeah. yeah. that issue way. well, the russian and probably my oil can the bombing of yugoslavia be considered a war crime alms? most emphatically, yes. it was not approved by the united nations period. it was a nato operation. it was a legal nature operation. they killed over 2000 innocent civilians and frankly in this and soldiers who hadn't declared war and anybody in the rather driven by a dreamer shaped by those in me dares thing. we dare to ask me. it is also of the careless war. it is intended to show russia the new russia couldn't go too far. the significance i was mean of amy visibility. i scenario. you will be staying on this. you'll be say no, but i'm going to say this way now. sure. let me ask id, not be in a talk of the psychiatry post on the phone, so we'll go over them and was not v as ashley, so that anything is in the actual cycles. hm. after the collapse of the treaty organization, nato expanded east, desp

well. heads of state from around the world have been addressing to you in general, assembly new york keenan speeches warned about the pandemic. i've canister on climate change. you as president joe biden delivered his 1st address to the global body and said the united states is not seeking a new cold war with china. gunshots have been fired the vehicle carrying the ukrainian president principal aid. it happened in a suburb of the capital key f, please say more than 10 pallets or 5 of the vehicle when the driver. the aid has reportedly escaped unharmed. in sudan, the sovereign counsels deputy chairman has blamed choose those que attempt on politicians. so they've turned a blind eye on what people need. 21 offices and a number of soldiers have been arrested. they tried to take control of several government institutions. libby as eastern base parliament as pastor, no confidence faith in the unity government. that the prime minister says he'll continue to lead the caretaker administration. vote is a new blow to us by peace efforts. 3 months ahead of elections. state with headlines, more news he

it began with margaret keenan in coventry last december.the uk, the over—50s and vulnerable adults will be offered a third boosterjab. 12 to 15—year—olds will be eligible for a vaccination, too. ministers hope that will be enough to keep theatres like this... if we go from here to here. ..open as normal. we reopened for six weeks last year and closed again, then reopened for one week and closed again and now we're about to reopen. this production of the great gatsby has music, dancing and audience participation. its producer is glad to be back. the thing that i and the entire culture sector need is the opportunity to do ourjobs and trade our way out of this. i feel a lot more certain today than i have in the past. i'm sure there will be more uncertainty to come. that uncertainty has led the government to come up with what it calls plan b for england. it could include the return of mandatory facemasks in some indoor settings, working from home would again be recommended, and covid passports required for people going to certain venues, includ

reunited — 91—year—old maggie keenan and matron may parsons. morning. 0h, maggie. good morning.er pfizerjab — the first in the world. today, they were back at university hospital coventry for their booster jabs. ready? yep. since that first dose, maggie says she's had attention from around the world. i'm big news! what's it like being big news? 0h... i did a lot of writing. i've had... some lovely people by writing to them, you know? i write loads of letters now. but with more than five million in the uk who've not had any dose, the head of nhs england is stepping up the drive to persuade more people to get vaccinated. if we have young people, or indeed people of any age who are uncertain about whether it's right for them, then follow the science — it's still the best thing you can do to protect yourself, to protect others. having moved quickly ahead of most other nations, the uk has fallen back a bit against some of the leading economies, in terms of share of the population who've been fully vaccinated. it's worth noting that some other countries started offering jabs to childr

heads of state from around the world have been addressing the you in general assembly in new york. keenan speeches warned about the pandemic afghanistan, climate change. us president joe biden delivered his 1st address to the global body . libya's eastern base parliament has passed him no confidence vote in the unity government for the prime minister says he'll continue to lead the caretaker administration at the votes. is a new blow to you and back peace efforts. 3 months ahead of selections. us border patrol agents have been condemned to after and elses are a video that went viral, showed them on horseback, pushing back migrants. nation says the white house policy of deporting people from haiti could be a violation of international law. thousands who crossed into the united states from mexico be camping under a bridge in the board of ton of del river. in texas. more people have been forced from their homes after a new volcanic convent blew open on one of the spain's canary islands. rivers of love have been flowing across la palmer since interruption on sunday. more than 190 homes have b

haidi: bloomberg's su keenan there. let's get a check of the latest headlines.suisse has been dropped from the list of lead banks for this apo. it was going to be in the london debut of this company as well as citigroup and jp morgan. insiders say credit suisse declined to join the firm's loan group. southeast asia is battling one of the world's worst covid-19 outbreaks. this company expects sales down two point $3 billion. pandemic restrictions creating an uncertain operating environment. next, we will be talking to the rates and currency outlook with alliancebernstein's brad gibson, and see what he says there are aspects of evergrande's crisis that are hard to ignore. this is bloomberg. ♪ haidi: for months now, epidemiologists speculated that vaccinated people may need an additional two help stop infections of the delta variant. but we are getting a new review that has some turn -- some scientists questioning whether a booster shot is needed as well. is this situation where they think it will not create more immunity, or do they think that most people will hav

it began with margaret keenan in coventry last december.nerable adults will be offered a third boosterjab. 12—15—year—olds will be eligible for a vaccination, too. ministers hope that will be enough to keep theatres like this... if we go from here to here. ..open as normal. we reopened for six weeks last year and closed again, then reopened for one week and closed again and now we're about to reopen. this production of the great gatsby has music, dancing and audience participation. its producer is glad to be back. the thing that i and the entire culture sector need is the opportunity to do ourjobs and trade our way out of this. i feel a lot more certain today than i have in the past. i'm sure there will be more uncertainty to come. that uncertainty has led the government to come up with what it calls plan b for england. it could include the return of mandatory facemasks in some indoor settings, working from home would again be recommended, and covid passports required for people going to certain venues, including night clubs, to prove they'

that they will have to have a coalition that looks either like kenya, because of the colors or the keenan flags, jamaica because it's the jamaican flag, or maybe even like stop light, red green and a yellow party, the green party is most likely to be allied with olaf shop. he has this current, finite finance minister, and he is of the democrat, the socialist democratic party. and so the socialist party looks like they're going to be the want, probably with that green party that might take leadership, interesting and ankle, america was empower since george w bush, 16 years this is been stability for germany and actually stability for europe. so as the 4th largest economy in the world, the country that's the most interested probably in what's going on in china because 50 percent of what they sell into your goes through germany. and they're a big ally, all the germany. and this is going to be a lot of lack of stabilization throughout europe because of this. oh, absolutely. and we've got about 30 seconds left. but do we foresee a major shift in what as you mentioned is your largest economy he

su keenan has more on executive shuffling.es at several banks after a long time with no changes. the cfo is integral to the power structure at goldman, so focus on this move. cfo stephen share leaving the bank in january after nearly three decades, and dennis coleman, the cohead of the global financial group becoming cfo january 1. to ensure a smooth transition, he becomes deputy cfo almost immediately. coleman isn't the only beneficiary of this reshuffling. observers see the bank as positioning its treasurer doug camtek in bigger roles including taking charge of the global financial group. that is also something to watch. as for sheer, he is considered a strong partner at goldman and played a key role in the most recent effort to expand in mainstream banking. he said in a recent post connected to the announcement that he is not actually retiring from the industry. there could be new things ahead. so it seems like another announcement of where he may pop up next would be down the road. haidi: meanwhile, wall street executives

kathleen: su keenan, thank you so much.ou can get more on opec and other stories you need to know to get your day going in today's edition of daybreak. it's also available and -- on mobile. a new survey found out that vaccine mandates arm set to become more common in the workplace. a consultant found 52% of u.s. employers are planning or considering requirements for a covid shot by the end of the year. joining us now to discuss this is carol wetzel. apple is nudging closer to a mandate. more than half in the survey say that they want to have a mandate. is this covid-19 booster approval coming just in time to help these things move forward? >> yeah. the survey you referred to show that companies are increasingly looking at. 52% are planning to have some sort by the end of the year. 21% right now. it looks like a sharp acceleration. one of the folks who did the survey noted that one company said that they feel comfortable. we've seen many companies come out with vaccination mandates for workers coming into the office. apple s

david: su keenan life for us in new york. breaking news in china. moody's revising their outlook on the property sector. i'm going to read part of the statement. when you look at things like property sales, liquidity, cash flows, they expect that to drop, raising new financing risks. especially when you look at the financially weak developers. moody's changed its outlook to negative for the property sector. rishaad: property sales and cash flow rates dropping. yvonne: we started to see a little bit of that spillover from ever grand, right -- evergrant -- spillover from e.g., -- spillover from ev ergrande, right? we were not likely to see much policy support because the secondary risks they talk about are still financial in the property sector, so something to watch. rishaad: absolutely. looking at other companies, which have also fallen by the wayside it is something we keep on revisiting. david: yes, but there is such a big buffer between the conservative forecast in beijing and when the market is at 8%. even when you do not get a lot of loosening

haidi: su keenan with the latest on the energy crisis.aking of china, some firms are seeing opportunities in evergrande's asset crisis. >> the big picture at evergrande is it is a problem. it is problem for china, a problem for the housing market, a problem banks and the whole segment that kind of relies upon this, right? there's a lot of jobs related to this and a lot of commerce related to this, a lot of industry related to this. here's the pecking order. for all the folks thinking about evergrande and the logic of how it will play out. the first obligation, when this gets restructured, when that day comes, and we think that can will get kicked down the road a bit -- some coupons may be paid in the interim, but the first pecking order is they are going to make sure the homeowner that but those homes takes delivery and that they are made whole. second is the trade. the folks and this case study to play out before we would invest more. haidi: that was the marathon asset management ceo. coming up, the former foreign minister set to become

su keenan joins us with the final details, less than an hour with a virtual meeting, very efficient.u: this is very rare. the last meeting was very contentious, this kind of swift ratification shows a united front. they agreed 400,000 barrels a day. this will take effect in october. there is also a view that the demand recovery is both gradual and subdued. many analysts believe the path ahead for opec-plus is very challenging. there is a number of tailwinds they are dealing with. a shrinking demand versus stockpiles. going into the meeting, data show the outlook must for the market to continue to tighten for the end of 2021, then to flip and be a surplus. they see an issue with india, they are very focused on covid. there are concerns about how this is adding to uncertainty. in terms of reaction to the market, slightly down in asia, but we did see a flattening of price as the u.s. market reacted. we pointed out august was a big dip, the largest drop, one of the largest monthly declines. many are seeing a recovery. kathleen: what are analysts saying about the next move? su: there is a

su keenan has the latest. what kicked off the decline?su: there was a problem downloading the digital wallet, the app that has to be used to transact with bitcoin. there was enormous focus on el salvador's adoption of bitcoin. they have 200 atm's across the country that take bitcoin. the glitch caused a huge downturn in bitcoins price. and related stocks. you can really see in the related stocks, the difference this caused. if we can go to the stock chart to show you the kind of declines, we have been pointing, bitcoin coming back to 47. the sharp drop followed by rebound was accelerated by a big trading and leverage issue. more than 36,000 traders had their accounts liquidated over the past 24 hours according to data we received. that is equal to about $3.6 billion in crypto. the combination plunged bitcoin below 44,000. it has come back to 47,000. bitcoin supporters say 47,000, we could be on our way back to the peak above 60,000. the president of el salvador tweeting, mentioning his citizens got to take advantage of the dip and a lot o

it began with margaret keenan in coventry last december.e other 50s and vulnerable adults will be offered a third boosterjab. i2 vulnerable adults will be offered a third boosterjab. 12 to is—year—olds will be eligible for a vaccination as well. ministers hope that will be enough to keep theatres like this... if that will be enough to keep theatres like this... ., ., ., like this... if we go from here to here... like this... if we go from here to here--- open — like this. .. if we go from here to here... open as— like this... if we go from here to here... open as normal. - like this... if we go from here to here... open as normal. we - like this... if we go from here to . here... open as normal. we reopen for six weeks _ here... open as normal. we reopen for six weeks last _ here... open as normal. we reopen for six weeks last year _ here... open as normal. we reopen for six weeks last year and - here... open as normal. we reopen for six weeks last year and closed . for six weeks last year and closed again, open for one week and closed agai

su keenan has more on this story. we note this will ease inflation. tell us more about what we are seeing in markets? reporter: their questioning if this will do the job that china is looking to do and whether it signals the country's vulnerability on the financial market what we do know is that it impacts prices, in the immediate term. we saw west texas traded here in new york, by the most in almost three weeks. we are seeing a slight rebound in asia trading. but again, many are saying that the weight of the extra oil causing the decline. if we go into bloomberg, we can see more dramatically that it has had an impact. in a late message, chinese government said they had tapped the oil reserves and have been amassing a lot of oil to use the pressure of rising raw material prices. it did not offer further details if you look at the prices, you see that dramatic recovery from a year ago. the difference between the tenant reserves and u.s. reserves is that they are use in cases of emergency or war to replenish supply destroyed by a hurricane but china app

su keenan joins us. the damage is still rising.ure getting home last night was no easier than many others. so many people in new york didn't make it through. what is the latest on the damage and the toll it took? su: the comments relating to global warming. they believe that wetter -- weather is getting more extreme. that is still controversial in the u.s.. in new york, unprecedented for the remnants of a storm that was flooding the subways. people waiting on the platform as the water rushes in. subways were shut down. trains were shut down. there was flash flooding throughout new york city, throughout the tri-state area. new york city is home to wall street. there was a massive transit problem throughout the night and into the latest trading session. massive rain that flooded roads, highways, trapping cars. baseball stadiums, basement level apartments were swamped. that's where you saw some of the deaths from people trapped in cars, people trapped in basement apartments. state of emergency declared in new york and new jersey where

all of these wild moves with bitcoin and other crypto-related assets and bring in bloomberg's su keenanhing all of the market action. so as i was saying, really not trading as a portfolio diverse fire -- diversifier or safe haven. >> we saw investors dump crypto with their high beta ticktocks and many say it did behave more like a tech stock, not really a diverse supplier. but let's revisit the price charts. because as sherfy said, just two hours ago if you looked at that chart you would have seen 8%, 9% declines across the board. so we are seeing a lot of those losses pared but still crypto took a very big beating. bitcoin in particular, the most widely traded cryptocurrency. it was down as much as 10.7% earlier. ether briefly was down -- below 3,000 and the popular difi dogecoin took the biggest hits. bitcoin which has rebounded from its july blow, analysts, you can really see the selloff before the rebound we're looking at now. but bigger picture, year to date, when it comes to bitcoin you can see it was already coming back from that big july low. and analysts are now predicting due

reunited — 91—year—old maggie keenan and matron may parsons. morning. oh maggie. good morning. were back at university hospital coventry for their booster jabs. ready? since that first dose, maggie says she has had attention from around the world. i'm big news! what is it like being big news? 0h... i did a lot of writing. i have met some lovely people by writing to them, you know. i write loads of letters now. it is lovely to see people and sometimes we disregard the fact we don't see people who are very human, we like the company of others, and to see maggie doing so well is really heart—warming for me to see her over the time. but with more than five million in the uk who have not had any dose, the head of nhs england is stepping up the drive to persuade more people to get vaccinated. i think the message will be follow the science, so if we have young people, or indeed people of any age who are uncertain about whether it is right for them, then follow the science, it is still the best thing you can do to protect yourself, to protect others. having moved quickly ahead of most

. >> su keenan, with the latest on the implications of the china power crunch.ys the factory gauge falling into contraction because of worsening energy shortages, let's bring in robin xing. managing director and chief china economist at morgan stanley. you seem to be a little bit more pessimistic than consensus. why? >> well, i think when we are meeting forecasts, either gdp or pmi and china, what we need to bear in mind is they have a major regulatory reset -- had a major regulatory reset late last year. we are seeing the housing downturn. it is part of this reset to tackle deleveraging, decarbonization, and rate distribution -- and redistribution. this power crunch, which means production cuts in order to comply with the energy-saving targets, causes slower housing activity. and pressure for some property developers. there will not be a significant drag on growth. but there will be some offsetting from the pboc and the ministry of finance. tennis pmi will fall to 40.5 in september and in third quarter it is tracking a 4.5% year-over-year, which is also weaker

su keenan is here to break it all down for us. could this impact the industry?it is well known that -- views cryptocurrency as the wild west. it is the result of a planned launch that would offer interest on stable going. that triggered a warning by the sec effectively to the entire industry that it would sue coinbase if it let investors earn interest. coinbase blessing the sec saying it would create an unfair market if it tries to shut down lent. shares of the biggest crypto exchange were down 5%, managing a loss to the closed by almost 3%. coinbase did reveal in a blog post that it had received a notice, a formal rather scary notice by the sec to any company that they may pursue enforcement action and have opened a formal investigation. it is also a request for more information. the coinbase ceo as said we are being threatened with legal action before a single bit of actual guidance has been foot -- put forward to the industry. he also notes litigation should be a last resort and not a first resort. haidi: in the meantime one piquant supporter mark cuban is ur

su keenan joins us with the latest. >> they are making it absolutely clear no doubt that it is illicitin transactions involving cryptocurrencies. chinese regulators have been talking for months, the release on friday it was from the central bank along with nine other government agencies, and this message specifically called out offshore exchanges targeting chinese users and banned them from hiring locally for a number of roles. we did see some crypto's drop as much as 5% or more. there has been a rebound, bitcoin still under pressure, but what we saw over the weekend was two of the world's biggest crypto exchanges halt registration for new chinese users. one will retire chinese accounts and the monster come to comply with the latest crypto ban. trade for bitcoin, you can see where it dropped over the weekend, came back, and now under a bit of nurser. one company said it lots of chinese ip's, but clearly this is being viewed by many as one of the more serious messages to come from beijing yet, and the message is clear china is not fooling around here. bitcoin has been through a number o

keenan ivory wayans. >> "in living color" was the first show created by, written by, directed by, starringge. us opening the doors to allowing america to come inside. >> yo, yo, yo, all you bad bargain hunters out there, welcome to the homeboys shopping network. >> a lot of what they did on "in living color" was trying to take the stereotypes or the misperceptions about what black men are and turn them upside down. >> not only will you get all the cable stations out there, but you'll be able to talk directly to the astronauts. >> it brought this smart, very controversial comedy that black folks never seen before that centered around their life experiences. >> who are you? >> i am the minister louis farrakhan. >> african-americans composed 25% of fox's market. >> i always get trapped in the corner with somebody named bob. hey, listen, martin, i just saw "boys in the hood," all right? i didn't know, martin, i didn't know. >> they knew that they needed to capture this audience to grow. >> i guess you think you smart and cool. but if you think you get a job here, you're a damn fool. >> so they

that officer who has yet to be identified publicly has been placed on desk duty but brown's attorney keenan>> this officer should never be placed in a position of trust in the city of chicago again. >> this experience, the trauma is something that i never want to happen to anybody else. >> reporter: brown says she's grateful she was able to in her words survive the encounter and not become the next hashtag. >> i hope it's not going to be a say her name type of situation because i'm another person that was, you know, shot and killed by a cop and that, you know, it's going to be written off as i'm this -- i'm this bad person that was just there. >> the park was closed. she didn't realize it. that's one thing. also she got to go home and a lot of people look at it saying, she is getting a response, let it go, the end of it. she says it's important to speak out because you can't just wait until there is a tragedy at the end. you can't just wait until there is a death -- >> good point. >> -- before you point out the incident itself. that's why she wanted to finally speak out. >> i'm glad shedid.

neil: the sad thing about looking back, of course is remembering former colleagues, like terry keenanife and mother, just a warm vibrant spirit. she would die only a few years later, and robert benmosche he was battling cancer at the time of the attacks later succumbed to that but not before writing the corporate chip and avoiding what could have been massive layoffs at the company and the financial industry. we miss them both and remember that day very well, because of everything that had to fall into place when a lot of people, out of nowhere, came up to help, including my next guest, daniel blue, restaurant and the chief owner and owner of seven restaurants in new york city providing food and support, shelter on many days, for those first responders. chef it's kind enough to join us now, very good to have you, sir. >> thank you, neil, thank you very much. neil: you must look back at that , and i can't imagine the memories that flood back, but you decided right then and there, there are a lot of people who need my help, need something , and this is what i'm going to do. what was the

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