the leesa hybrid is american made. built to last.nd, because everyone needs a place to rest, we donate tens of thousands of mattresses to those in need. experience the leesa hybrid mattress. right now, it's on sale. order today. go to leesa.com. scarlet: this is bloomberg markets: the close. i'm scarlet fu. in a few minutes, the fed publishes the beige book. caroline: i'm caroline hyde. let's get a look at the headlines ahead of that. today is a risk off day after yesterday's risk on. the retail numbers came in worse than had been expected, more signs that we could get fed easing. there is the beige book making headlines. scarlet: the headlines i see right now, one that is a redhead, as we put it at bloomberg, businesses see the expansion continuing, but many have cut their outlook. says the economy expanded at a slight to moderate pace in a slight downgrade in the report card in the overall economic health as measured by these anecdotal reports. report,g to the business contacts expect the economic expansion to continue, but many lo

the leesa hybrid is american made. built to last.eryone needs a place to rest, we donate tens of thousands of mattresses to those in need. experience the leesa hybrid mattress. right now, it's on sale. order today. go to leesa.com. i am taylor in san francisco, this is bloomberg technology. deliver come out more on a -- failed to deliver. more next week when tesla and microsoft reports. mark zuckerberg defense free speech on the

the leesa hybrid is american made. built to last.eryone needs a place to rest, we donate tens of thousands of mattresses to those in need. experience the leesa hybrid mattress. right now, it's on sale. order today. go to leesa.com. this is bloomberg technology. coming up, netflix rejections for the third quarter. ms. obstructions falter. we have more on the streaming giants latest earnings report. talks, a $5 billion rescue plan for

i love my leesa. today is gonna be great.any people love the leesa mattress, then try it in your own home. order now to get big savings - but only for a limited time. just go to leesa.com today. you need this bed. ♪ guy: 30 minutes left in the european trading day. from london, i'm guy johnson. vonnie: in new york, i'm vonnie quinn. this is the european close on "bloomberg markets." guy: big reaction to the nonmanufacturing ism number out of the united states. we have seen stocks come down. rates -- well, yields came down pretty sharply and have stayed down. first thing this morning, i got a chance to speak to chicago fed president charles evans. that conversation taking place in madrid. it was before the nonmanufacturing number came out, but it was after the manufacturing ism on tuesday. he says that he's not yet convinced as a result of that tuesday number that rates need to be cut again soon. >> i'm open-minded about the decision, and will learn more before the meeting at the end of this month, but i would say that the ism

i love my leesa. today is gonna be great.any people love the leesa mattress, then try it in your own home. order now to get big savings - but only for a limited time. just go to leesa.com today. you need this bed. ♪ alix: welcome to "bloomberg daybreak" on this thursday, october 3. the impeachment in cory moves into a new phase today. --se democrats will in will interview their first official, former envoy to ukraine kurt volker. british prime minister boris johnson called his brexit blueprint a compromise from the government. johnson outlined the plan before parliament. pm johnson: our proposal should now provide the basis for rapid negotiations towards a solution in the short time that remains. resignt for one moment from the fact that we have shown great for its ability in the interest of reaching an accommodation with our european friends. alix: chicago fed president charlie evans says the weakness in manufacturing hasn't convinced him of a need for another rate cut. he tells bloomberg in madrid he's open-minded. >> we ar

the leesa hybrid is american made. built to last.e everyone needs a place to rest, we donate tens of thousands of mattresses to those in need. experience the leesa hybrid mattress. right now, it's on sale. order today. go to leesa.com. >> stocks partially recover yesterday's losses as china indicates it is open to a partial trade pact with the united states. fed boostinges the its balance sheet to avoid a repeat of the repo spike. just don't call it qe. brexit stalemate. talks on hold as both sides refused to budge. u.k. lawmakers are preparing for a special saturday sitting. york, we london in new are counting you down to the european close on bloomberg markets. ♪ guy >> -- 30 minutes left in the trading day in europe. let's take a quick look at what we are seeing here in the markets in the u.s.. we are only about an hour and a half into the trading day here. that's your read on the s&p 500. keep in mind the main resistance level we came into this morning. we bumped up against it earlier and settled back below it. it will be inching

i love my leesa. today is gonna be great.out why so many people love the leesa mattress, then try it in your own home. order now to get big savings - but only for a limited time. just go to leesa.com today. you need this bed. romaine: live from new york, i am romaine bostick. guy: from london, i am guy johnson. let's catch up with the bloomberg first word news. >> payrolls for u.s. companies rose more than forecast in september. data, employers added 135,000 jobs. the august figure was revised downward to 157,000 that suggests a manufacturing recession come and despite the outlook, it is having an impact on hiring, government jobs report is out on friday. north korea has appeared to raise the stakes. just hours after saying it would not -- it would resume talks with the u.s., kim jong-un's regime fired a rocket off the eastern coast. .hat would be an escalation british prime minister boris johnson is outlining his plan for a new brexit agreement. in his first keynote speech as prime minister at his conservative party's confer

i love my leesa. today is gonna be great.out why so many people love the leesa mattress, then try it in your own home. order now to get big savings - but only for a limited time. just go to leesa.com today. you need this bed. david: from new york, this is balance of power -- "bloomberg markets -- "bloomberg markets: balance of power." mark: bloomberg has learned that aging is offering non-core concessions like buying more american farm products. negotiations are set to resume this week. the first of three new destroyers for the u.s. navy will met be delivered with full combat capability until the first quarter of next year. it's another slip in a $23 billion program running six years late. the first ship was supposed to be ready last month. 10 years after construction began. the navy tells a bloomberg at the delays are due to integration and challenges. the trump administration wants medicareul decades-old rules, meant to deter fraud and abuse, now they are a roadblock to coordinating better care for patients. the rules were

the leesa hybrid is american made. built to last.yone needs a place to rest, we donate tens of thousands of mattresses to those in need. experience the leesa hybrid mattress. right now, it's on sale. order today. go to leesa.com. guy: coming up on "balance of power" with david westin. leaderhouse majority eric cantor will join him. that is coming up shortly. this is bloomberg. ♪ david: from bloomberg world headquarters in new york, i'm david westin. welcome to "balance of power," where the world of politics meets the world of business. on the brief today, tom orlik from washington on those u.s. china trade negotiations taking place right now. on the turkish invasion of serial, and from london just schenkel men. is, what we know about what happening in washington between the negotiators? tom: there are talks between the chinese vice premier u.s. trade representative robert lighthizer. the first of two days of talks. president trump said he will be meeting with the vice premier tomorrow. he says china once a deal. -- he says china want

i love my leesa. today is gonna be great.out why so many people love the leesa mattress, then try it in your own home. order now to get big savings - but only for a limited time. just go to leesa.com today. you need this bed. david: from new york, this is "balance of power" on bloomberg television and radio. i'm david westin. for bloomberg first word news, we go to mark crumpton. mark: european leaders have unanimously endorsed the brexit deal formally sending it to the british parliament for ratification. they are holding a news conference on the deal right now. the irish prime minister speaking to reporters in brussels. the british prime minister has pledged to take the country out of the eu on october 31. he says today's agreement means a new delay is necessary. johnson still needs parliament to agree on a previous deal which was rejected three times. his political rivals and crucial allies have said they will not back the latest agreement, putting its future in doubt. turkey is rejecting a u.s. demand for a cease-fire in

i love my leesa. today is gonna be great.any people love the leesa mattress, then try it in your own home. order now to get big savings - but only for a limited time. just go to leesa.com today. you need this bed. alix: this is "bloomberg daybreak." i am alix steel. , we are seeing a bounce back from yesterday's selloff. that was pretty brutal, but the question for me is how much conviction there will be in the market or is this just lack of confidence on headlines. in other asset classes, i am taking a look at what is happening in the u.k., you are seeing yields up three basis points but off the highs of the session. the curve steeper in the u.s.. fruit getting a boost along with risk appetite. other interesting happenings like a greek option with negative yields. italy withdrawing $10 billion in orders for its first dollar bond sale since 2010. all of that still in the market despite the risk on hopes due to trade. the other event we are watching is brexit. hopes for a breakthrough are fading as boris johnson scheduled a ra

the leesa hybrid is american made. built to last.ce to rest, we donate tens of thousands of mattresses to those in need. experience the leesa hybrid mattress. right now, it's on sale. order today. go to leesa.com. jonathan: from new york city for our audience worldwide. i'm jonathan ferro. "the countdown to the open" starts right now. ♪ jonathan: coming up, global growth anxiety gripping investors taking a bite out of equity markets. the manufacturing recession makes an appearance in america. the latest figures parking concern, leaving economists waiting for the next data point. the payrolls report is just around the corner. here is your wednesday morning price action. futures down once again. off 17 points on the s&p 500, -.6%. euro-dollar stable. the outperformance coming on the front end of the curve on a 10 year maturity. yields down to 1.62 on the u.s. 10 year. let's begin with the big issue. the manufacturing recession aching an appearance in america. >> does global growth feedthrough and u.s. growth? >> does manufacturing feed

i love my leesa. today is gonna be great.out why so many people love the leesa mattress, then try it in your own home. order now to get big savings - but only for a limited time. just go to leesa.com today. you need this bed. alix: this is "bloomberg daybreak." it's been a crazy, wild morning already. s&p futures just down by about 0.1%, but it doesn't describe the whippy action we've seen. multiple headlines on trade coming out of the next 12 hours. with health care stocks in europe, getting hit pretty hard. an earnings miss at phillips bringing down the whole sector. euro-dollar, good rally, which is weird because german exports in august were down almost 2%. really dismal numbers out of there. curve a little steeper in the u.s. volatility picking up. crude a little higher as well. also looking for the ecb accounts. you have a lot of conflicting messages coming out of the last meeting. here are some of the highlights. in the meeting accounts, they say that some policymakers felt unable to support a rate cut. some in the ecb

i love my leesa. today is gonna be great.d out why so many people love the leesa mattress, then try it in your own home. order now to get big savings - but only for a limited time. just go to leesa.com today. you need this bed. alix: this is "bloomberg daybreak." we are awaiting earnings from morgan stanley. here's were the market stacks up. it is the brexit deal moving headlines here. s&p futures up by 0.4%. food and beverage stocks rolling up a bit -- rolling over a bit in europe. unilever not really holding up with estimates, and nestle had a big buyback, but no one was necessarily impressed. the dollar is a little weaker, pushing into emerging markets. morgan stanley earnings are out right now. taking a look, trying to break it down as we go, looks like on an adjusted earnings basis, coming in at $1.21 a share. looks like a beat versus estimates, about $1.17. give me a second. taking a look at investment 1.6ing revenue, blowout, billion dollars. the estimate was for $1.3 billion. net interest income also super solid, $1.2

i love my leesa. today is gonna be great.e leesa mattress, then try it in your own home. order now to get big savings - but only for a limited time. just go to leesa.com today. you need this bed. ♪ alix: bojo's final offer. u.k. prime minister boris johnson unveiled his brexit plan, and says he will walk away if this one is rejected. pouring cold water on the belief the u.s. would be immune from a global slowdown. and bad news is bad news. risk aversion hits the equity market as the odds of more fed cuts rise. has the central bank put lost its power? welcome to "bloomberg daybreak" on this wednesday, october 2. a drop for the s&p yesterday, which is impressive because we did not see a 1% move for the index in all of september. now we are down 0.6%. that is pretty much it. you're not seeing a lot of safe haven buying anywhere else. you are seeing a broadly stronger dollar. euro-dollar down 0.1%, but not much to write home about. modest buying in the treasury market. ud

experience the leesa hybrid mattress. right now, it's on sale. order today. go to leesa.com. this is bloomberg technology. coming up, netflix rejections for the third quarter. ms. obstructions falter. we have more on the streaming giants latest earnings report. talks, a $5 billion rescue plan for we work. we dig into the details. digital currency regulation. weighing in on whether central banks should be issuing their own guidelines on cryptocurrency. first out of story. netflix reported earnings on wednesday. international growth eased investor worries. the streaming giant topped earnings-per-share projections. it new subscribers fell short of estimates. for more, i want to bring in our analyst in los angeles. is it really the new subscribers overseas that are allaying concerns? >> investors were clearly worried that netflix would have another bad quarter. they added a few million ittomers your than an spect investors expected another bad one. one i spoke to said that sentiment was awful. yet they come in right around expectations. they nest in the u.s. but they were above i

experience the leesa hybrid mattress. right now, it's on sale. order today. go to leesa.com. i am taylor in san francisco, this is bloomberg technology. deliver come out more on a -- failed to deliver. more next week when tesla and microsoft reports. mark zuckerberg defense free speech on the internet in a speech at georgetown university on thursday. and the huawei perspective. on 5g, securities concerns and more. but first, our top story. percent six and a half -- 6.5%. --s comes after posting the consecutive quarters for slower sales. line start with the top where there is not enough growth for red hot -- red hat to offset the cost. >> this is one word -- expectations. if you look at ibm's core business, they are managing it for profitability as if they can . as people build the hyper cloud infrastructures, there needs in the core technology space, those change. they will need to drive efficiency in that area and automate where they can, deploy technology that allows them to , so less costs in that area they can stabilize that part of business. to say stabilized is no overs