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i am su keenan. this is bloomberg. >> the south korean president promised a thorough investigation in support for those affected after a crowd crushed during halloween celebrations in seoul that killed more than 150 people. let's bring in bloomberg's you young lady. . in the narrow alley behind this hotel, how did this happen and what is next? >> authorities are trying to find out what happened on saturday night in south korea. the first emergency call was made at 2:21 p.m.. we are finding out that the majority of the victims were in their tens and 20's, and female victims outnumbered male victims. we are seeing that the alley that most of the crowd crushed happened in is really narrow. it is only 11 feet wide. you could probably fit five or six adults, typically. there were too many people there as they tried to celebrate the first halloween cents the pandemic related restrictions were lifted for the first time in three years. now, as you said, this is probably the most culturally diverse and intern

i am su keenan. this is bloomberg.haidi: the south korean president has promised a full investigation and support for those affected after the crowd crush in seoul killed more than 150 people. take us throughout we know so far. >> the tragic crowd crush happened saturday night during an annual halloween party. it was happening when young people were enjoying the first outdoor no-masked party since the pandemic rate there were thousands of people packed into a narrow alley. suddenly, it went out of control as people described falling like dominoes. so far, 153 people were killed. more than 100 were injured. among them, 26 were from foreign countries. most of the victims were young people in their 20's and women who could not endure the pressure from the crowd crush. haidi: this is another challenge for that administration. what has been the government response so far? >> right. after holding emergency meetings from midnight to early sunday, the president gave a speech and said this was a tragic tragedy that should have

cody keenan, greatly appreciated this conversation.u for making time for us. make sure to catch ayman back here on msnbc saturdays at, eight saturdays at nine. -- the final episode of the four part series model america. the last episode is red, officer stands trial, 30 years later the teaneck community still struggles to heal from phillips -- 10 pm eastern here msnbc. until we meet again. i'm ayman mohyeldin in new york. have a good night. ve a good night. on. it made me feel trapped in a fog. this is art inspired by real stories of bipolar depression. i just couldn't find my way out of it. the lows of bipolar depression can take you to a dark place. latuda could make a real difference in your symptoms. latuda was proven to significantly reduce bipolar depression symptoms. and in clinical studies, had no substantial impact on weight. this is where i want to be. call your doctor about sudden behavior changes or suicidal thoughts. antidepressants can increase these in children and young adults. elderly dementia patients have increased ri

i'm su keenan. this is bloomberg. rishaad: still to come, we're looking at hong kong as it sets out to prove it is open for business. it offers clear advantages with an influx of top global banking and fintech visitors. we will discuss that with the hong kong financial chief. david: also ahead, the potential impact of the government's plan to legalize retail cryptocurrency trading. we are joined later by yat siu of course. he is the guy behind animoca, joining us in a couple of minutes. this is bloomberg. ♪ rishaad: this is bloomberg markets. lula da silva has been declared the winner of brazil's presidential election. he was languishing in a jail sell just three years ago on corruption charges. give us a sense of what actually happened, and indeed, whether or not mr. bolsonaro, his rival has accepted defeat. juan: starting from the second question, apparently he went to sleep without making any comments. that is what the resilient press is reporting at this moment. what happened is this election and a victory for lul

consumer, to bring in su keenan. -- we bring in su keenan. we have not seen that in the results right now. >> they are not talking about it, they are saying the opposite, the cfo of the bank of america is saying that they are not only seeing signs of consumer stress, they think that the numbers of bad loans are so low they are squinting to see a change. the bank of america is beating expectations thanks to the consumer spending on reddit cards, it jumped 13%. that explains the green on the screen. the cars repossessed in a month has been cut in half. again we are continuing to see strength in banks. a drop in the bloomberg because of investment banking that continues to be the weak spot for these banks with the bank of america which was down 46%, that is less than expected but it shows the drop in global dealmaking and ipo's has really hit these banks hard in this particular area. goldman sachs reports next that they are up on tuesday, u.s. tuesday, what we are expecting is for the ceo who has been at the home for four years david solomon to

for more, let's bring in su keenan. he gave a pretty bold, bullish outlook.sing the fourth quarter would be epic. >> classic musk style. he said he is looking for a record-breaking fourth quarter. he qualified it by saying, knock on wood. he said a meaningful stock buyback was in the works. were talking five to $10 billion. he claimed tesla will soon have a market cap double that of apple and saudi aramco. his lost about 40% of its market cap. this underscores the unfailing confidence that musk has in his company. he's mentioned a lot of delivery bottlenecks, production bottlenecks. those were the key issues. as if to address concerns that perhaps people might not be buying tesla's at the same level that they were in the past, he said he can't emphasize enough that there's excellent demand in the fourth quarter. increasing output of critical battery sales is gaining rapid traction. as mentioned, not only was tesla down and after hours but a lot of these smaller ev rivals also knocked down across the board. it's important to point out that tesla shares initial

let's bring in bloomberg's su keenan.uling itself looks like a win for elon musk, that twitter didn't want to give him more time. su: is a partial win for elon musk, he gets more time, what he wanted, but now there is a hard deadline. he asked for the 28th and is getting the 28th and twitter is essentially saying, show me the money. a lot has happened in the last few hours. earlier thursday, elon musk's lawyers asked the judge to pause the twitter lawsuit saying it wouldn't harm twitter and that he needed time to do the deal. twitter objected, saying any delay was an invitation of further mischief and delight. it said, until musk comes -- commits to a close, twitter is entitled to its day in court. the ruling from the delaware chancellery judge was surprisingly quick. she gave musk until october 28 at 5:00 p.m. to complete the deal or she will set a new trial date in november. shares were initially up as much as 3.5% after hours. this, as the headline hit the tape. at that is an indication wall street believes that this o

su keenan with the latest.ou can get a roundup of all of the stories you need to go in today's edition of daybreak. also available in the bloomberg anywhere app. you can customize your settings so you only get the news on industries and assets you care about. this is bloomberg. ♪ haidi: a quick check of the latest business flash headlines. ray dalio has given up control of bridgewater associates. on september 30, he transferred all of his voting rights to the board of directors and tapped down as one of bridgewater's's investment officers. $150 billion in assets to a younger generation of leaders. hsbc is exploring the sale of its canadian unit. it is the latest move to streamline. to spin off its asian operations. hsbc says the review is at an early stage and no decisions have been made. it accounts for 4% of hsbc's pretax profits. bloomberg intelligence says the sale could fetch $10 billion. they plan to invest $100 billion over the next 20 years to build a memory chip factory in upstate new york. the company

cody keenan, greatly appreciated this conversation.sure to catch him and back here on saturday at eight, sunday said nine. up next, msnbc films presents the final episode of the four part series model america in the last episode, the verdict is read, officer gary's best trial in 30 years later, the tina community still struggles to healed from philippe panel's death. model america concludes tonight, 10 pm eastern. and until we meet again, i'm ayman mohyeldin in new york. have a good night. good night. [ kimberly ] before clearchoice, my dental health was so bad i would be in a lot of pain. i was unable to eat. it was very hard. kimberly came to clearchoice with a bunch of missing teeth, struggling with pain, with dental disease. clearchoice dental implants solved her dental issues. [ kimberly ] i feel so much better. i feel energized to go outside and play with my daughter. i can eat anything. like, i don't have to worry. clearchoice changed my life. ♪limu emu & doug♪ it's nice to unwind after a long week of telling people how liberty

su keenan is here to talk us through it.act time did the judge say that they need to get this deal done? ? su: 5:00 p.m. october 28. so there is a hard deadline, and yes it is a partial windbag for musk because he asked for more time to get the deal done, but now he has no wiggle room and went to get it done. early on thursday there was a flurry of requests before the judge. musk's lawyers asked the lawsuit to be paused. october 17 was a trial date. they had asked, but twitter rejected, saying musk can get it done in a week, given all the financing that is lined up. twitter also said an invitation to further mischief and delay will result in a pause to the case. nevertheless, the judge set the october 28 date, and if the transaction is not done by 5:00 p.m. october 28, she will set a new trial dates in november, and the case goes forward, period. the order was rather harshly written. shares were up after hours. ended up losing its gains, but that indicated some optimism that this order gives twitter the kind of clarity and c

su keenan out of new york.id surging to a fresh record year -- byd surging to a fresh record year. this is bloomberg. ♪ rishaad: we are looking at the moment, byd, seven consecutive monthly sales record for electric and hybrid vehicles. david: let's bring in katrina who leads transport coverage of the region. the numbers are substantial. let's look at the fundamentals here. . >> yes. the question is what these numbers tell us more broadly about car sales in china. they show us the extent to which consumers are embracing electric and cleaner cars in a big way. if we look at what bloomberg intelligence is saying, beijing's generous tax incentives, possibly listing vehicle sales by 20% in the second half, but looking just at new energy cars, government data put the forecast at 6 million this year, more than double the 3 million in 2021. byd in particular are near evenly split between pure electric vehicles and hybrid. they surged 187% year on year, just over 200,000 last month which brings total new energy vehicle

for more, let's bring in a bloomberg's su keenan.n post reporting it could be up to 75% of the workforce. su: 75% is a massive number no matter how you look at it. this is what elon musk told potential investors in the combined company or the company he planned to buy. washington post interviews have obtained documents from the company on the matter. and reports that elon musk told investors in his $44 billion deal to buy the company that he planned to get rid of nearly 75% of twitters 7500 workers. that would shrink the company to a scalable staff of over 2000. now, interviewing the documents, the washington post is confirming what some analysts have already stated, that there will likely be big cuts, even is elon musk yields to buy twitter or it falls through. right now, that is not the expectation of what is exacted to happen, but it turns out from the documents, the washington post obtained that twitter officials are already planning to cut the company's payroll by 800 million by the end of the year. that would mean at the depart

su keenan has more. what is the basic sketch?s a major reorganization that the wall street journal is reporting. citing people close to the matter. it is interesting that it is breaking just days before goldman is to report its earnings. we should also point out that as the wall street journal states, this would be one of the biggest reshuffles in the firm's history. according to the report, goldman sachs is planning to combine is trading all into one unit and we should point out again that these are the two areas that goldman is known for. it is the scene of massive profits. they also plan to merge as and wealth management into another unit. goldman-s consumer banking arm would be part of the new unit. bloomberg reported that the ceo had great plans. david solomon to bring more into the consumer retail giant and bring goldman into the banking retail world but it is a plan that had to be ditched. because of the shares which are now down some 20 plus percent and shareholders really wanting a better return on investment. a third di

let's bring in su keenan.e not hearing recession warnings from ceos that all. -- ceos at all. >> we are talking about the last couple months. bank of america's strength beat expectations. on the strong training and the consumer unit, credit card spending jumped 13%. that explains why we saw so many bank stocks up. the general market was up so a lot of green on the screen as they moved with the rest of the market. but the weak spot for a lot of these banks is the investment banking. if we drop into the bloomberg, you see it was the weakest sector for all the banks. bank of america down 46% as the deal flow worldwide was lower. ipo's were lower. you see investment banking is just falling across the board. of course the next big bank to report his goldman sachs. it will be a huge focus on what has already been reported as an announcement we can expect from david solomon. he is expected to announce the third major reorganization in his four years at the helm. we are told it will undo many of his signature moves ba

. >> this is keenan here you said. >> keenan. >> jamming out. >> get it, keenan. get it, keenan.mes with an arty pre-threaded cartridge inside there and has sensors in it. able to detect when it's in there so there's six patterns that are already prepared for them and cut it up and make it really easy so kids are learning the basics of sewing and feel empowered. there's a scrunchy, i made a bag, sunglass case and all these things come all included in it. once done with the six, you can do other materials inside it as well. >> vivi playing with it. >> vivi is doing the doodlejamz. >> what's your name? >> juliet. >> i'm t.j. night to meet you. baby shark four-wheeler. >> baby shark quad. if you're a parent you'll either love me or may not be so happy with me. this will play the baby shark sound. and it'll light up. what's great about this it will never go too fast so it'll only go up to two miles per hour. >> can we use it without the song? >> you can do it without the song. >> oh, okay. whoo. we got a winner. >> i'm back into it. you know. >> artistic side. the interactive. >> the

joining us now former white house speech writer for president obama cody keenan. show. tell us what happened during those ten days that most people don't know about, what happened behind closed doors. >> at the time you don't know it's going to be this ten day period. we were preparing for the supreme court decisions on marriage equality and obamacare. we had to write speeches for every possible outcome. then there's this horrific mass shooting in charleston. you get the details and we get them faster because we had direct access to the fbi. the president had to decide whether he was going to give a eulogy. we were writing about 12 different speeches, my team and i. you were thinking what it means to be an american. whether or not gay people can get married like the rest of us. whether or not black americans can be safe in society. whether or not they have to walk past the confederate flag every day on the way to work. >> cody, i'm curious as you and the president sat down to write that speech and the decision he was going to go to charleston, where do you begin?

i can go up and clear, keenan, but he will not have people minister and henderson will. and you are going around me and she's got he might pick up a will, matthew, hey, i could do it. yeah, we did that. that would be. that was lisa young. pretty had shadow study. and that any san derek, a passat ferry, a see both on and what come back on for him and come back to kenner and get him a couple club apartments. so i'm not gonna come back. said any say happy act could be nasty thing. i got it that way. i cannot be corrected, kicked out the laddie much, much wide open. okay. ah, ah, let us get rosemont bus. rick big guy. you took the court and political the doc set up with us and the alley small at the court. no, this month and the 5 is more than failed on this one. the 2 and one, but i think they did not have an ideology of our struggle. they did not have weapons program separate. denise them, other guy, little guy that the bottom b, p. black and i'm almost done, but typically what i'm just shopping, what i was as you will be shot then you know, go side of the formula that you

so when you go up and above a month where we can go up and keenan, but it will not typical minister and how does someone and organ or, i mean she's got my pick up a will, matthew, hey, i could do it. yeah, you got the that, that would be, that was listed in your pretty head shadow study and that any san derek, a pass fairy a see both on and what come back on for him and come back to kenner and get him a couple robert months. so i'm not gonna come back said anything happy could be nasty thing and when i look into some way, i cannot be corrected, kicked out the lobby, much, much wide open. okay. ah, ernest and rosemont on bus america, big guy, he took the quote and political the dock sample because and the but alas small because this month and the fuss is more than failed on the $201.00. but i think they did not have an ideology of our struggle. they did not have weapons separate. denise them again, gallo kind of guy that the bottom b, p. black and jeff and also doesn't present the p kid. but what i'm just shopping according as you will start, then i'm going to go. so i got the formula on

i'm clear, keenan, but here's a typical minister and his mom and you're going around and when she got, he might pick up a will, matthew, hey, i could do it. yeah, it added that. that was it that was listed in young pretty had shadow study and that any san derek, a pass, terry. see both on and i did come back on for him and come back to can i get there? thank amber and i'm a couple club apartments. so i'm not gonna come by said any, say happy cooking as you can and when i look into some way i can be corrected. keep that the levy much, much wide open. okay. ah, listed on the rosemont bus america, big guy, he, he took the quote on political the dock because the small at the corner of this month and the bus is more than failed on this one. but i think they did not have an ideology of our struggle. they did not have weapons program separate. denise, what about them wanting to get gallo guy, the bottom b, p. black and jeff and the demo present to be kidding. but when i'm just shopping or gotten my actual shot, then number no go sign in the formula, but yeah, yeah, that's got all the big you

yeah, keenan, but he will not be communist and his mom and you are going around me and she's got he might pick up. will mattie's hey, i could do it. yeah, you don't think that that would be that was lisa young, but she had shadow study since that amy san derek. a passat ferry. see both on and it will come back on for him and come back to canada and get him a couple club apartments. i'm not gonna come back said anything. happy cookie nash eating and when i look into so i cannot be corrected, kicked out the laddie much, much wide open. okay. ah, ah, let us get rosemont bus america. big guy, you took the court and political the doc set up because an invalid small at the court, no this month and the 5 is more than failed on this one. the 2 and one, but i think they did not have an ideology of our struggle. they did not have weapons. denise them, other guy, little guy that the bottom b. p. black. honda yeah. turned out that nobody got the picture of it. you know what? i'm just shopping what i was as you will be shot then i'm going to go. so i got the formula that you got on the big yet pickle

bloomberg's su keenan joins us. start with the rally in prices.r and analysts to catch up and revise forecasts. oil rising for the fourth session in asia after jumping percent over the is recessions after opec-plus agreed to a bigger than expected cut oil output than anybody envisioned. and the move was telegraphed in advance of the formal decision -- a 2 million barrel a cut -- two men barrels -- 2 million barrels a day cat could be enacted. this through a strong rebuke from president biden. this meeting of opec ministers was the first meeting where they showed up in person since the pandemic. all eyes were on the russian deputy prime minister, alexander novak, furious about eu rights cap listen. >> a tax creates a very bad procedure. [indiscernible] they know that history and a number of examples of market interference, especially with that mechanism. [indiscernible] and if it is implemented, we are not going to supply countries which join this mechanism. su: a not-so-veiled threat if the price cut is enacted. the russian deputy prime minister,

paul: bloomberg's lucas shaw su keenan.und up of the stories in today's edition of daybreak. go to dayb , on your terminals, it is available on mobile and on the bloomberg app. you can customize your settings so you are only getting news on the industries and assets you care about. this is bloomberg. ♪ at fidelity, your dedicated advisor will work with you on a comprehensive wealth plan across your full financial picture. a plan with tax-smart investing strategies designed to help you keep more of what you earn. this is the planning effect. shery: take a look at how european futures are trading, more upside after four session of gains for european stocks. we saw those gains being trending in regular session, given that we are seeing these fears of our session and hawkish central banks around the world. we continue to have soaring prices and energy crisis, as well. this was exacerbated by the bank of england the ninth report that the central bank will delay planned bond sales. for more let's ring in affects strategist, d

joining us now is cody keenan, former chief writer for president obama. and author of "grace."ter, any reader, to understand the collaboration, the way you worked with president obama on speeches and the art of your experience in the white house, let's start with those moments in 2016. the reare luck tans to speak about another shooting. his last-minute decision to sing that day in the church. describe how that came about. >> you nailed it. our relationship really was a collaboration. he always expected not a perfect draft, but something he could work with. this was a tough one to eulogize the pastor who was murdered in a racist massacre and to talk about guns and the confederate flag and the long history of racism made for a tough speech. i talk openly what a challenge it was to write. the draft was okay, but not really up to par. and he -- i spent three days agonizing over it. he wrote it in three hours. and it was the morning of the speech, we had just left the white house where he talked about marriage equality. he says, if it feels right, i might sing it. >> most of the st

so when you go up and up on the word from montgomery, i can go up and clear, keenan, but as a response to people minister and how to someone and your kind or ministry might pick up a will, matthew hey, i could do it. yeah, we did that, that would be, that is lisa and young. pretty had shadow study and that any san derek, a pass battery or see both on and it will come back on for him and come back to kenner and get him a couple club apartments. i'm not gonna come back, said anything, happy cooking as eating, and when i got into so we're going to be taking the lobby much, much wide open. okay. ah, let us get rosemont bus america, big guy, you took what and political the doc sample because and the small at the corner know this month and the 5 is more than failed on the $201.00. but i think they did not have an ideology of our struggle. they did not have weapons separate. denise, by them. other guy, little guy that the bottom b, p black cannot handle sub demo present the p kid. you know what? i'm just shopping up what i was actually will be shot, and then i'm going to go side of the party

joining me now, cody keenan, former white house director of speech writing for president barack obamays in the battle for america. thank you for joining me. look, almost 14 years writing for barack obama. so clearly, you are a master at messaging. why do you think democrats are falling short? where are they succeeding as we push these midterms? >> on the contrary, i think joe biden is trying to something he couldn't in 2010. he successfully made this election a choice, rather than a referendum. and the choice is, who is really fighting for me? who cares about the people like me? is it the people who spent last year criminalizing abortion? for us democrats who fought to lower energy prices, lower drug costs, focus on jobs and inflation. and let people marry who they want to start families when they want. >> cody, i hear you, and i completely agree with you. that said, what is it about that messaging that does not seem to be getting through, certainly two pollsters, when you see who is likely to win the election? as of now, things could change, 30 days can be a long time. but you note i

i think you got global woke up. guy did a piece of peg amended. uncle pansy keenan hung up with amazon to bake. you anything i think on death to him, the tow. it turns lun doughty hunter. the 2 options are you wanna turn on. okay? south korea has enjoyed decades of conflict and war. as a result, national security has long been a priority in the peninsula while much of the population still supports conscription, a growing number of south koreans, a questioning the value of compulsory military service. among them is li young. soc in santa fe l. a. peace activist who refused to serve in the military. on moral grounds. lee has been campaigning against all form the violence for the last 20 years through his association world without war become dead as a day. or 2 often jojo pierre de la. they will bandon with those ot simone de la puente get co gelatin and your tail to your cell. tonya good old told ellen and uncle, good some day is all. i only got qu, georgia, if she stay metal. i see cigar. i uncle without her come. we'll get huddled, you bought up and then go settled almost all. where wo

cody keenan was the former chief speechwriter for then president trump.e author of "grace", ten days and the battle for america. welcome to "the beat.." >> thanks, man, that's good stuff. >> a lot of people remember that. if you're a speechwriter for barack obama, who was an acclaimed author before we went into political or story -- >> he's told me. >> good for you. he picked you, and he cares about words. on the other hand that's tough because you're writing for someone who already writes. when you see him out in the midterms, which obama are you seeing? orotory, speeches? >> both. i'm no longer with him, but i suspect you're going to see some of the greatest hits. we didn't just win in 2012 with the hope and unite stuff. he had a laser focus. one thing that's missing from the campaign trail these days is joy, fun, humor. he has fun when he goes out on campaigns. >> you do sound like you're channelling him. he made waves by saying democrats shouldn't be buzz kills. does that sound like something that is consistent that he'd say to you as well about the c

if they need to keep it, we'll gantski did years of work liana keenan's money leech and nico bank finance cock for my guy. important for which his goals may deal, at least i know ah, does v a d and pick long enough kiner vessel pursuits from yes and talk and mid 5 hope come beyond if ablation goes in on pivot boston does not mention those liam con buses probably may get deaf has all gone as i knew won't grade on until better. yeah. it was that was on the shop. a few yard and i'm going swoon him. got updated on vianza foolish, benton, could you do? listen, finished. ling become tape words by 1015 hobbies an analyst. come on de fargo. north dim of your head from couldn't you mentioned pollen. vinto. clay dogs colon i'll be sad to shop any day becomes of his accomplish. you're hummed in aston covey, midwinter clyde on tune as well as.

your store is fill that out of the chair, then yes, key it will. gantski did years of work liana keenan's, i mean each nick nick, a bang, bang cock for my game wasn't for which he gulf may deal with . does v a g and peak long? no. kiner vessel pursued from he asked and talk and mid 5, how come beyond if ablation goes in on pivot boston or does not mention those liam con buses. problem a good bit of has all gone as a new won't cradle on to better. yeah. it was that was on shop a few yard and i'm going swoon him. got updated when vamps actually list benton food. you do listen, finishing up, become in tape words by 1015 hobbies and animals. come on d fargo. north dim of your head from. couldn't you mentioned hong vinto clay dogs call home? i'll be sad to shop any day becomes of his accomplish beyond in aston, a covey, midwinter clyde on tune as well as last month. we believe halt ambia. and in dawn basket shipped, the owns priority was to help the children of don bus. they were the ones who suffered the most from the civil war that engulfed eastern ukraine in 2014 year. dana was over heads,

that out of it, they nifty it will gantski did feels of work liana keenan's when each nika then finance cock from a guy important for which he goals may deal, at least i knew. ah does v a d and peak long? no kiner vessel pursued from he asked and talk and mid 5 hope come beyond if ablation does in on pivot boston. her that's not mentioned was liam con buses. problem a good bit of has all gone as i knew. won't grade on until better. yeah. it was that's was on the shop a few yard and i'm going swoon him. got updated when vianza foolish, benton, should you do listen, finished. ling become am, keep words by 1015 hobbies an analyst. come on de fargo. north dim of your head from. couldn't you mentioned hong vinto clay dogs, paul, i'll be sad to shop any day becomes of his accomplish beyond in aston a covey midwinter. glad on tune as well as last month to rebellion hall cambia. and in dawn basket shipped the ends priority was to help the children of don bus. they were the ones who suffered the most from the civil war that engulfed eastern ukraine in 2014 year. dana was over heads, the parent c

we'll gorski did years of work liana keenan's. i mean each next week a bang gap for my guy im fortunate for which he gallows may deal. please thank that's v a. d and peak long. no. kiner investor pursuit from yes and talk and mid 5 . how come beyond if ablation goes in on pivot boston? her that's not mentioned was liam con buses. problem a good bit of has all gone as i knew. won't grade on until better. yeah. it was. that's was on the shop a few yard and i'm going swoon him. garbage is when vamps exodus benton should you do listen, finished. ling become in tape words by 1015. publish an analyst. come on de fargo. north dim of your head from kern dimension, pollen. vinto clay dogs call, i'll be set to shop any day becomes of his accomplish beyond in aston, a covey, midwinter clyde on tune, as well as last month, we believe called tom via an indian basque. a shift the owns priority was to help the children of don bus. they were the ones who suffered the most from the civil war that engulfed eastern ukraine in 2014 year dana was i ev

's would liana keenan's menilli check me cook, thank god for my guy. im fortunate for which his goals may deal, at least i knew that's v a d and vic long no. kiner investment pursued from yes and talk and mid 5 hope come beyond if ablation goes in on pivot boston. her that's not mentioned was liam con buses. problem again, but jeff has all gone as what i need on crating on to read. yeah. it was that was on the job. a few. yeah. then i'm going swoon him. got updated when vianza foolish, benton food, you do listen. finishing up become cheap words by 1015 hobbies an unwelcome on the fargo. north dim of your head from couldn't dimension, palm vinto clay dogs to call home. i'll be sent to shop any day becomes of his accomplish beyond in asking a covey midwinter. glad on june. as well as last month, we were lim hall, tomba. and in dawn bus kashik leanne's priority was to help the children that don bus. they were the ones who suffered the most from the civil war that engulfed eastern ukraine in 2014 year. dana was over heads, the parent committee of the donnette skew. sports school number 12

that can be just as easily cultivated, you know, something from the region which is sustainable. keenan was salad with beetroot and apples. for instance, a local choir is getting to sample the food. all the ingredients are vegan, hollow and kosher. so the cook doesn't have to offer alternatives and can put on a really good buffet without spending more. so how's it going down? i need talk, it's my daughter cooks like this, so i'm a bit familiar with it. went ahead and i think it's good but do it personally, but i'm still a bit conservative to know how to proceed with all muslim hotley? no, i would also make a patty from chick peas from buffer. we know it from falafel and so on. it's good, definitely of it. yes more. thank. now we'll have to see what went down well and what didn't, and will need to continue supervising micah the time. but hello to calvin class, to attend to other things. first. an inconspicuous building on the edge of copenhagen. could it be the solution for many of our food problems? owner? lehman certainly think. so. the name of his new fangled farm is nordic harvest. m

from the russian military targeting this vital civil infrastructure. malaria, jenko is a resident of keenan, she says, power cuts are now part of the daily routine we have to wear around, so cow, our de surpassing. so basically you have a are sirens or is that you have a problem results? we could, you know, sometimes it was, for instance, just yesterday we have to graph like chime in the morning just like waste. you know, we have a constant, i air, so i ran, it was about like 4 hours, 7 am. he'll one while. am like we the small break. also the eloquent city comes and goes ye some times at 1st you could never know when it comes and when it will go yet. basically now as truly age mom, we quite hard to adapt, you know, to the conditions we have. now we even have like a special app when you can go try peel, treat and no one you would not have an electricity. it's usually you may not work this way yet. we are trying to adapt as much as we can because we understand that you are in the winter and you are in the coming weeks and moms rush. i will try to attack our electric facilities as much as the

su keenan as the details.h losses in the new york session and further pleasure in asia trading as well. >> we are starting a fourth session down in asia trading, but analysts are saying is this news actually tightens the market. opec's last -- slashed its demand for gas big news this week was opec+'s decision to reduce upward by 2 million barrels a day, one million effectively when you consider opec is having problems reaching targets. many analysts are saying action today 2/the demand forecast and/ estimates for global demand goes by more than twice that all retroactive, justifying what they already did. traders in the new york session directed to ppi, ge u.s. inflation metric payment much greater than expected. that helped push prices down, wti down more than 3%. brent futures also down 3% intraday, settled just above the $92 mark, but the u.s., which needs to fill the gap created by the opus plus reduction can back it supply and demand estimates. you see a slight differential, that is the cut. the big issue

street lenders, walt -- su keenan joins us and the message from j.p.gan and city seems to be the kids are ok? su: barron's had a headline that some that up to say bank earnings were not that bad and investors may be happy with that for now. bank earnings kicked off on friday. four of the biggest banks out there and everybody knew it's been a brutal year so far, especially for investment banking with deals off and ipo's down. we knew there would be a sharp drop in profit and yet the earnings that came out were relatively fine with few surprises. that is why you saw green on the screen. wells fargo and j.p. morgan beat estimates if you look at the year today returns or performance of the stocks. you see the real read and the indication there has been paying for these banks. city reported a 20% profit declined citing challenging markets. investment banking was down 60%. wells fargo with a proven earnings beat but there were costs tied to that scandal. let's focus on jp morgan because the prophets shrank but customers are healthy and other good news for in

su keenan us with the latest. big thing here. >> we are hearing a reversal after hours. big tech had been performing well in the last few sessions. you will see a big decline. alphabet fell as much as 7.4% after hours before pairing its losses just a bit. the hits were from the strong dollar and weak revenue. google's advertising had been seemingly immune to that, in terms of weakness in digital ad sales earlier in the year. apparently it is no longer immune. youtube also missed compared t to prior yearso. the comparisons, you have to remember a year ago, this is a company that was flying high, particularly with its ad revenue. turh said the microclimate remains complicated. that we are in a challenging environment. not too different a story with microsoft. even though microsoft beat both the top and bottom line. leading quarterly sales, rising 11% to more than $50 billion. but it was the slowest growth in five years, throttled by the surging dollar, falling pc demand, and weaker ad revenue, tumbling further once

let's get to su keenan. su: he promised to market once the banks have finalized the debt.ay lenders are providing $13 billion of debt financing and putting together the agreement, signing documentation. last steps for sending the cash. we understand it will be held in escrow. this could indeed be the final chapter in the month-long drama of whether musk would actually close, twitter is suing to enforce the deal. the judges setting a 5:00 p.m. deadline for the deal to close. the stock has been moving higher and higher. as of earlier here in the u.s., it rallied to the highest level since musk the takeover interest known. that's close to the acquisition price. wall street is telling you it looks like the deal was going to happen. bloomberg has been reporting the wall street lenders have been preparing the financing, the financing was always there. the devil in the details. no doubt closely watched. yvonne: sales are throttled by the surging dollar and a drop in sales of windows software to bc makers. sales for cloud services rose 42%, above expectations. alphabet revenue ear

bloomberg's su keenan joins us. bank struggling to recover from a string of scandals and losses. and they do not have much time to come up with this strategy. su: no. just installed in july, the new ceo planning to ease in staff concern while preparing to put out this strategy for turnaround. at the end of october, october 27. in the second end of week memo, the ceo reassuring staff that the bank has a strong capital base and liquidity position. this as the stock fell to a fresh low at the end of last week. he also told the staff that he plans to send them regular updates until the firm officially comes out with strategic plan. again, that is scheduled for october 27. name the ceo in late july. he has had to deal with market speculation, banker exits and capital downs in very short-term as he tries to turn things around. the turbulent markets are not helping him. in addition to stock falling to a fresh low, you have got the rising decline in the default swaps. last week, the cost of insuring the firm's bonds against

haidi: bloomberg's su keenan. next, china's 20th party congress begins on sunday.i jinping is expected to get a third term. dude blanchette -- you'd -- jude blanchette joins us next. ♪ >> i think a longer-term picture in china is still bright. because i know the people in the culture and i think it is good, but they have ager issues. >> we do not seek a cold war. we do not ask any nation to choose between the united states and any other partner. but the united states will be unabashedly promoting our vision of a free, open, secure and prosperous world. >> this is not a time to create fresh ruptures, fresh cold wars, which means the united states and china. >> we have our scenario planning, we also there is no increasing conflict on taiwan. >> despite all that geopolitical things that are going, it is still a very attractive market. >> as the chinese economy continues to slow the way we are seeing come of that could have a great impact on the world economy. >> you have the number-two economy that is not jumping forward. anabelle: bloomberg tv guests on the outlook o

let's bring in su keenan.rs do not seem impressed. >> the top leaders describe this restructuring as radical and decisive, but analysts say it was not radical enough and it was not exactly decisive. take a look at price action. investors rejected this after the capital raise, a multibillion race that deludes the stock. it felt like historic proportions in europe, and in the u.s. adrs fell by even more. this is not the result the ceo was looking for. he spoke to bloomberg earlier. >> it is a much simpler, much more stable, focus bank going forward, which will deliver sustainably profitable results to our shareholders. >> it is simple, stable, focused. you were looking at the recent history of credit suisse, years of scandals and multibillion dollar losses. analysts had hoped for more shrinkage and investment banking, and they say instead the plan is more complicated than resets for deutsche bank and ubs. bloomberg has been reporting what is now official, thousands of job cuts, the sale of its securitized produc

haidi: bloomberg su keenan, let's get you to vonnie quinn. vonnie: heidi, thank you.nt issued a rare warning to residents and remote islands to take shelter after north korea fired a missile over its territory for the first time since 2017. south korea says it was a medium-range ballistic missile. japan says the projectile splashed down in waters to the country's ease. last week north korea launched seven missiles, the biggest barrage. investors welcomed their first round of presidential voters. they have the biggest one-day jump in more than four years while the stock encz mark surged the most since april of 2020. investors are betting they may need to prioritize more markets for the policies before the second round vote at the end of the month. elon musk has joined them after a series of tweets calling for ukraine to negotiate with russia to end the war and sees crimea for good. asking citizens whether they want to live in ukraine or russia. ukraine's resident responded with his own twitter bowl asking if you would prefer elon musk who supports ukraine or one who ba

su keenan is with us. investors not happy with mark zuckerberg betting on the metaverse.ody was suggesting that he was obsessed by it, to the detriment of the rest of the business. su: this appears to be a real contention with investors. i year ago, zuckerberg change the name of the company from facebook to meta-for the metaverse. now we have costs skyrocketing as they bet big on the metaverse, on ai, on virtual reality. zuckerberg was actually promising the investment will pay off and asking investors for patients. so far, it's a tough sell. the stock down as much as 20%, barely pairing those losses as we ended trading. this was as meta-gave a forecast for fourth-quarter revenue on the low-end of analyst estimates, showing that the social media platforms continues to struggle with the week advertising market amid an economic slowdown. there you see it. it's a tough environment. that's bad news for meta-because they make most of their revenue from advertising. yvonne: given what we saw in the after hours, what are we expecting tomorrow when u.s. markets wake up? su: this

. >> let's bring in bloomberg's su keenan, is there any president for this kind of thing? will biden pull off something that big business people are saying not exactly capitalist. >> there are many that saying it is all but impossible for him to get congress to impose such tax even postelection. where you will have more republicans in the senate, even now where does evenly split. if you drop in and bloomberg you can see that oil profits are indeed strong for number of reasons. this is not a new thing. for the past decade, democrats have tried many times to impose a tax and discourage big profits. let's take a look at why the five dollar gas prices this summer, seven dollars in california have put this idea back on the map. it is really almost impossible. yes, to private company's attacks them is unusual you can look at other companies they are not required to give back, that is what biden is doing here, many say the message behind the proposal is, maybe should reinvest in more production. you are looking at some of the big oil companies. they took a hit midday, most of the

su keenan joins us with the latest. we saw shares paring back some of the losses with elon musk in the earnings call. su: elon musk said there would be an epic end to the year. he qualified that by saying knock on wood. he promised a meaningful stock buyback for board approval, 5 billion to $10 billion worth, and claimed tesla will soon have a market cap double that of apple and saudi aramco. let's look at the after-hours price action. shares were initially down significantly. they pair the losses a bit as did some of the smaller rivals on these comments but losses again were only. during his enthusiastic comments. he cannot for that -- emphasize there's excellent demand in the fourth quarter and increasing output of critical battery sales is gaining traction. constraints have been an ongoing hurdle. he committed to average angle delivery goal, 50%. easy for me to sap at he did not specifically say it will hit that target this year. production goals have been in focus and again, this was an issue with bottlenecks. he sa

su keenan binds us with the latest. the funds went by these firms lost more than half of their value. su: we call hedge funds the smart money because a lot of people pay them a lot of money to manage their portfolios. it was tough. cap has been a washout. the s&p 500 was down 9.3% last month. people close to the matter say these big funds got hit ready hard. to go global saw 4.4% for the end of the month. we are told the only fund fell 9.5%. well rock brought 6% in september widening its loss of the year. some of their billig death there big holdings include intuit and microsoft. that is the largest holding. you will see a sea of red on the market drawdowns and volatility. it is almost like a halloween chart. it really is an ugly picture for these professional money managers. haidi: there is also no new chorus of voices saying stocks could fall further from here. su: he is saying they could be down 20%. a billionaire hedge fund manager told cnbc stocks could fall another 10%. things may already be in recession and earni

su keenan is with us now to talk us through what we know.u: what we know now is the richest man in the world is now in control of the struggling social media company twitter, and he's going to be making some very big moves. we also know the stock price has been moving up, and let's drop it into the bloomberg. certainly this deal raises the market cap. you are looking at highlights of the deal, so i will go with that. there's the bloomberg. the big news is the deal is complete. this was an on-again, off-again, as mentioned. it went through several months of gyrations of the stock. in the final days all the elements of the deal came together. money was transferred from bankers and investors into an escrow account. the new york stock exchange put out a notice the stock would not be trading pre-friday's open. now we have confirmation that the deal has happened. let's go back to that big takeaway of some of the big changes that will be taken place. we don't know that musk immediately instituted a change of leadership, in that all of the c-suite d

. >> let -- let's get su keenan in here right now, this has been a big story all day. can he follow through on this? >> the short answer? most people would say no. it is highly unlikely, but impossible for this kind of proposal to get through. let alone the midterm elections are two weeks away and many think the republicans will gain control. no such proposal's likely to pass, even in the current senate, which is evenly divided. that's because -- let's look at those energy profits on the bloomberg once again -- this is not new. over the past decade, democrats have many times tried to impose a so-called windfall profit tax from very -- tax for various reasons. oil had been close to $150 many years ago. and it's just not been successful. the idea had renewed tensions, when we had prices back about five dollars a gallon. industry groups also said texas would hurt you. so it might be counter productive. let's take a look at how big oil reacted. there was a big drop across the board in many major oil companies. but they all quickly paired those losses and returned to gains.