i'm lisa mateo. this is bloomberg. ♪ >> there is a collective assistance in order for us to be effective. we have to be proactive. it has to be. jonathan: the saudi energy minister, a fantastic job from our team in vienna, austria covering opec-plus. live from new york city, good morning, futures -.6% on the s&p 500. foreign-exchange and bond market yields higher, the euro-dollar not doing much, 98.84. crude has done a lot over the previous three days, up by almost 11% on my screen. up by almost 11% over the previous three days. this morning, down by .1%. $87.67, getting information from the kremlin in a conference call. he said the outlook cut is looked at stabilizing markets. it is not a sign of solidarity with any country. some pushback against the white house. the price targets are that russian oil is destructive and hurts everybody. tom: nothing on the words from ukraine, i was stunned of the headline yesterday of people beginning to pundit that ukraine could go after crimea in 2014. jonathan: t

i'm lisa mateo. this is bloomberg. ♪ >> if the conservative party coalesces around rishi sunak and we get back to a more stable, fiscally credible policy coming through, we are going to settle to yes the economic news is going to be bad, this will have a significant recession. that is not good for sterling because there is a rate hike preston but the volatility is not. jonathan: the chief ethics strategists. life from new york city, good morning. the price action on the s&p, equity futures positive by or than .1% on the back of a good week of gains on the s&p 500. slower, heading south negative for basis points, 4.1729, weaker, the dollar down. the name change, the new name effective immediately and a pivot to embrace cleantech. does this help your stock these days? tom: in a so sad i don't know where to begin. first of all, slumber - -schlumberger was a romantic name, steeped in history going back to 1926. i go back to jerry, he took the name, american, and renamed it primerica. jonathan: you are st

i'm lisa mateo. at fidelity, your dedicated advisor will help you create a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. >> big picture we still have growth that is slowing over the next three to six months, a lot of monetary tightening ahead of us. the wei du think about this is a bear market rally, short, sharp, it still matters. but the big picture still has not changed. there is work to be done before we can say this bear market is over. tom: always brilliant. mike wilson. let's cover that quickly. a lot of bit of a turn. bearish to less bearish. lisa: in the near term, and then more bearish. people are basically like, i guess things are not so bad, and then they could slant. tom: coming up, a conversation with one of the brightest lights at 1600 pennsylvania avenue, amos hochstein, the special coordinator for global security. light now, we do better with will kennedy, senior exec

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i'm lisa mateo.♪ ♪ - in the last two years, we quadrupled our team and the pace we're growing, i couldn't keep up without ziprecruiter. they do the legwork and they get my job posting in front of the right candidates. i love invite to apply. i instantly see great candidates and i can invite them to apply. we have hired across all departments, engineering, marketing, hardware, field techs. you can basically tell ziprecruiter who you need, when you need it, and they deliver. - [narrator] ziprecruiter. rated the number one hiring site. try it for free at ziprecruiter.com try it for free at ziprecruiter.com >> i think there is a sense of catch up, so we want to make up. some of it is just going back on reputation and confusion. there is concerned some may be better, institutions have lost some of the reputation as being tough. you heard from andrew yesterday he wants that. jonathan: they all want to prevent. a great conversation with tim adams, president and ceo of the international institute of finance.

i am lisa mateo.his is bloomberg. ♪ - in the last two years, we quadrupled our team and the pace we're growing, i couldn't keep up without ziprecruiter. they do the legwork and they get my job posting in front of the right candidates. i love invite to apply. i instantly see great candidates and i can invite them to apply. we have hired across all departments, engineering, marketing, hardware, field techs. you can basically tell ziprecruiter who you need, when you need it, and they deliver. - [narrator] ziprecruiter. rated the number one hiring site. try it for free at ziprecruiter.com try it for free at ziprecruiter.com >> monetary policy will still have to change, trying to cap this and that is where financial conditions are priced. there can be no rest for financials until we tame inflation. the two are intertwined. jonathan: sterling dominated much of the concerns a couple weeks back. liz truss, the british prime minister, speaking to the party faithful in birmingham at the moment. i understand she

i'm lisa mateo. this is bloomberg. - in the last two years, we quadrupled our team and the pace we're growing, i couldn't keep up without ziprecruiter. they do the legwork and they get my job posting in front of the right candidates. i love invite to apply. i instantly see great candidates and i can invite them to apply. we have hired across all departments, engineering, marketing, hardware, field techs. you can basically tell ziprecruiter who you need, when you need it, and they deliver. - [narrator] ziprecruiter. rated the number one hiring site. try it for free at ziprecruiter.com try it for free at ziprecruiter.com >> we understand that inflation is too high. the president gets it. he is working to get gas prices down, so as a result, they've been coming down for three weeks or so. that is partially due to the war in ukraine, and we need to keep oil on the market. >> that's the council of economic advisers you up to speed on the price action. good morning. equities are down. yields are much highe

i'm lisa mateo.rack in the inflation landscape will take a while to get into the index. i can make a compelling case that we are moving in the right direction, that the opposition wants to take us in the wrong direction, but yes, it will take some time before it works its way into the index and people feel it more noticeably. jonathan: that my jared bernstein from the white house council of economic advisors payment good morning. negative on the s&p 500. down .7% on the back of disappointing ad numbers out of google. cloud spend down at my croissant. disappointing numbers down at texas instruments. a little bit later after the close, meta. rally in the bond market continues this morning. this morning, down by four or five basis points. we talked about this rally in the bond market, weakness you are seeing on the back of it in foreign-exchange. 1.0023 euro-dollar. looking for potentially 75 basis point hike. news out of russia in the last 60 minutes. vladimir putin and others speaking. i want to get m

i'm lisa mateo. this is bloomberg. ♪ tom: bloomberg surveillance, ms. abramowitz and tom keene, jonathan ferro on assignment. futures at -13, the vicks 31, yields higher, the yen prints 150, a week yen. but all eyes in international politics turns toward london. david will join us with his work from the bank of england and now dartmouth. in front of 10 downing street, history is made, our lizzy burden. there is so much speculation and the british press is a beast. let me go to the discussion of this committee that makes the rules for this leaguer conservative party. tell us what the 1922 committee is thinking on a thursday. lizzy: the winds seem to have changed in westminster because yesterday it seemed as if the tory party was going to give liz truss a chance to cling on until the halloween budget. but since the chaos yesterday over the fracking vote, the resignation of the home secretary and another, there is massive call for her to resign. there are discussions of who is going to replace her. they

i'm lisa mateo.omberg. ♪ >> 12% upside from here to the end of the year makes a lot of sense. almost 33% upside where the s&p closed on friday. we are still bullish on equities. it will take more time until the fed has effect on curbing inflation. jonathan: not as bullish as they were. chief investment strategist at oppenheimer asset management. from 4800 down to 4k. even with some of the big moves we've seen. equity futures pushing higher. up again this morning on the s&p. yields a little bit lower. just cracking 4% of the 10-year. goldman out a little bit later this morning. should be the next 10 or 15 minutes or so. tom: we just heard, looking at 15% on a goldman sachs on the total return kind of one year basis. we will digress here quickly. maria, i believe it's all quiet on the northern front and the northern front is a back story. and that is belarus. explain to us the dialogue between moscow and minsk. >> that's a key relationship which goes back two years. they really feared the grip on power

i'm lisa mateo. this is bloomberg. ♪ >> our position has not changed, i would come up with the medium term fiscal plan on the 31st of october as i said earlier in the week, and there will be more detail than. what i'm totally focused on his delivery of the many budget, making sure we get growth back into our economy. jonathan: i guess if you've done 180 on the previous plan and you do a 180 again, your position has not changed because you just go back to the old plan? lisa: it doesn't really work like that in politics, just to throw that out there. i think there is reputational damage along the way. jonathan: that's not what is trying to say. i was the chancellor and the last one he four hours. a chancellor landed back in the u.k. because the u.k. has had problems over the last couple weeks. the 30 year yield in the gilt market is down. prime minister liz truss will hold a news conference at 2:00 p.m. today, as reported, and this is the line that we get a lot of interest. the corporation tax will ris

i'm lisa mateo.his is bloomberg. ♪ >> all of you who are looking for a pivot, be careful what you wish for, because this pivot only happens for an economic or financial accident. jonathan: just absolutely fantastic through last week and got us through the market carnage. good morning. the s&p 500 relatively unchanged after three consecutive quarters of losses on the s&p, the longest losing streak one back to 2009. futures up .1%. 9th street weeks of 10 year yields climbing. -- ninth straight week of 10 year yields climbing. tom: it is about the construction of yields, including in japan where the yen almost back to the intervention point. that is leaked into the yield manipulation. jonathan: you have got this. we will work on our accents. tom: do you become posh? jonathan: my cousins had the accent too. tom: are we done? a decade spx way out does russell 2000. spx up 12% per year, russell 2000 up 9%, small caps underperforming. jonathan: shift lower? tom: let's talk to lori calvasina ? is it small ca

i am lisa mateo.he european central bank said to look past fears of recession. it is expected to raise interest rates by 75 basis points for the second time in the row. ecb is trying to quell inflation that is running at 10%. the biden administration has been forced to scale back a plan to impose a cap on russian oil prices, that follow skepticism by investors in growing risks and financial markets. the u.s. and eu are likely to settle for a more loosely policy kept at a higher price than what is envisioned. mark zuckerberg asking investors for patients. the parent of facebook is spending billions to pay for its version of virtual reality at a challenging time for digital advertising companies. meta shares fell more than 20%. nash has been expected to take over the post after his father died in 2020, but the move was delayed by corruption investigations. among other things, samsung is the biggest chipmaker. going into the midterm election, the middle class is using the biggest hit to its wealth, still

i'm lisa mateo.>> pushing inflation down to a certain level by pushing unemployment up is going to become increasingly difficult for the fed to stick to, that policy, especially when you have all of these problems in other parts of the world. the pressure is going to mount on the fed. jon: we are 12 minutes away from cpi in america, going into that number, your markets shaping up, six-day losing streak. right now futures are positive by 1.1%. yields are lower, this headline is just out of germany. for those that missed it, the german inflation next year is likely to be between 7% and 8%. lisa, that's next year. not end of the month or end of the year. lisa: where was it six months ago? way down from that. how much and how quickly are things developing? they are downgrading their growth forecast pretty dramatically because this is the stagflation fear that so many people had with germany in the crosshairs. jon: it's materializing. jeremy, 11 minutes now, cpi around the corner. what are you and the tea

i am lisa mateo. bloomberg. ♪ >> if china is on the way back, and the as a big move in the right direction, you will probably see the market sing to $100 by do not see it return to $130. >> here is a state of play. i'm sure the equity markets bulls would love to stay close but that is not how this stays. 394.29 on the u.s. 10-year. you know where the market is going. equity down by 0.8%. crew down by 2.14%. 88.94. we have a rally. once again, the head of research at ed joins us again. i think a lot people want to parse this story asked me that happened a year ago and will start to fade. it is back on the agenda. why? >> why does it stop? i think the mood basically moved away from inflationary fears and pro commodities to recessionary fears. i think we are beginning to see wholesale risk off the dollar being stronger. then, we got to see a retraction in the dollar but importantly an escalation in the ukrainian war. i think the fed has a power hat in ukraine and russia which is such a big supplier of fo

i'm lisa mateo. this is bloomberg. alix: thank you.ne of the key factors in the global outlook is the supply chain disruption from the pandemic. joining us now from the greenwich economic form is brad jacobs, ceo of xpo logistics. should ali bassett is also on the ground. >> you ran xp yo, you are on your way out as ceo but that doesn't mean that you have not had an intimate view of what the supply chain issues have looked like up until late. what kind of issues are there still causing in the economy, to what extent is it still creating an inflationary force? brad: supply chain has gotten better, not to where it was before covid but a lot better. freight rates have come down a little bit, particularly ocean and air rates. there are two parts of the problem, transporters like ourselves, that has gotten better, but then the manufacturers. there is still a backlog for chips, and that is slowing down the economy. sonali: if a lot of the supply chain issues have started to moderate a little bit in some areas, where are the biggest issues fo

i'm lisa mateo.his is bloomberg. ♪ >> i can't think of a more consequential election that i've been involved in and we've been involved in. whether we maintain control of the senate and house is a big deal, and so far we are running against the tide and we are beating the tide. jonathan: the president of the united states. here is the price action. equity markers slightly negative on the s&p 500 off of the back of the gains. we are down a half of 1%. euro-dollar negative at .90 867 -- .9867. tom: what is your take on this moment? three prime ministers in three cups of coffee. jonathan: difficult to implement austerity in many places around the world. tom: lizzy burden is at 10 downing street. we will catch up with annmarie hordern in washington, two weeks away from an election. 18 ways to go as the political elites go back and forth. what i sense is a measure of apathy. give us your summary of what turnout looks like and the character of apathy in both parties. annmarie: looking at the polls, you can

i am lisa mateo.is bloomberg. ♪ if you wake up thinking about the market and want to make the right moves fast... get decision tech. for insights on when to buy and sell. and proactive alerts on market events. that's decision tech. only from fidelity. >> we need to stay the course. we said we were going to do this, we need to follow through and validate the expectations. until i see evidence underlying inflation has peaked and is hopefully heading back down, i am not ready to declare a pause. i think we are quite a ways away from a pause. jonathan: the minneapolis fed president making it loud and clear yesterday. i think we will hear from him again before the next fed decision. payrolls around the corner. 255 is the median estimate. another group around 250 thousand, goldman sachs at the bottom at 200,000. yields are higher about a basis point. 388.88. s&p 500, unchanged on everything except for crude. we had a big rally be last four or five days. lisa: people do not understand what the decline in dem

i am lisa mateo. this is bloomberg. dani: thanks so much.nings have been stacking up, the latest of which is jp morgan chairman jamie dimon, who is predicting pain for the credit market, saying the likely place you are going to see more panic is credit markets and might be in etf's. might be a country. and might be something you do not expect. let's get someone who knows these credit markets. it is kipp deveer, ares capital ceo. thanks so much for joining the program. jamie dimon warning about cracks in this credit market. are you seeing any cracks in the private capital credit markets? kipp: thanks for having me. what i would say as of now is not yet. jamie dimon obviously has a pretty broad view of the world. something to watch for for sure. when we look through our portfolio come base today, although we expect likely defaults to go up this year with the increase in rates and tougher debt service environment , i would probably join him in predation the next six to nine months to get more difficult. today we are really not seeing it. dani:

i am lisa mateo.. ♪ at cdw, we get if your network power goes down, your business goes with it. recording: thanks for calling, we are unexpectedly closed today due to... cdw experts can keep you up and running with an apc smart-ups lithium-ion ups from schneider electric. it offers cloud-enabled remote monitoring and three times the battery life, so you can get the performance and certainty you need to stay open for business. for resiliency at the edge, trust schneider electric and it orchestration by cdw®. people who get it. >> what we are seeing is that the dollar is causing a lot of problems globally, in emerging markets and elsewhere. so it was a case to be made that if you think you are getting benefits from a strong dollar, that this reverse currency war is kind of playing your way, you're probably fooling yourself. >> that from standard chartered. good morning, lisa abramowicz and jonathan ferro. tom keene back in a couple days. s&p 500 slightly negative, down .2 percent. yields up almost a bas

i am lisa mateo this is , bloomberg. ♪ >> i think they will get a rude awakening on november 8 with highlation, high crime, open borders is not with the american people want. >> don't punish the people who are fixing your problems and the word -- and reward those were trying to exploit the problems. that's did difference now. we are engaged in the hard work of bringing the country forward. jonathan: one week to go, from new york city this morning, good morning. equity futures look like this -- yields are higher by four or five basis points. euro-dollar is negative one third of 1%. cpi this morning out of the euro design -- out of the eurozone had an upside surprise. the median estimate survey on the ecb last week was flip-flopping. lisa: that's not really helpful. there is a question of how much they have their hands around inflation. not just for the ecb but the federal reserve step how much credibility do they have? jonathan: close to 11% on inflation in the euro zone. annmarie hordern is in washington, d.c.. what's been happening? russia is suspending its involvement in the grain deal

napping up with a live look at the san mateo bridge. lisan, into rain tomorrow. kumasi: time for live with kelly ♪ ♪ >> kelly: good morning. what? where is ryan? he is usually greeting me with my morning latte. good morning art? don't. where's ryan ryan? >> i haven't seen him. >> kelly: strange. stranger. every day. there you are. you know i can't live without my latte. ryan? ryan? >> ryan: hello? hello? where am

del condado san mateo ha revelado la identidad de este trabajador jesús benítez, en investigación de su muerte, ahora actualmente se encuentra en manos de (nombre extranjero). >>> lisaenida ... ♪ sobre una sobre una máquina de madera. ¿ >>> cómo puede pasar esto. >>> el trabajador que ha perdido la vida es jesús benítez de 47 años y que los factores que lo llevaron a su muerte todavía se encuentran bajo investigación en (nombre de lugar en inglés) >>> un trabajador murió el mismo día... >>> la compañía para la que trabajaba este hombre al momento no ha emitido ningún comunicado sobre el caso. para esta vecina la compañía debería estar cuidando a sus trabajadores, (nombre extranjero) todavía dice que no pueden hablar de este caso en específico, pero les preguntamos sobre las medidas de seguridad que se deben seguir en california cuando se usa esta clase de maquinaria. >>> una de las cosas es que el empleado no se para enfrente de la maquinaria, se tiene que mantener al lado de la (inentendible) para colocar el material adentro, otro el uso de un palo largo para las ramas pequeñas, etc. >>> para evitar que vuelva a suceder se les pide a los trabajadores que se algunas

mateo bridge. quite a few cars on the road. we will check in with lisaexpect for this october we can. a restaurant in the north bay is taking prices off their menu until the end of the year. this is dreamed up by a vallejo rapper wanting to get back to his hometown. dion lim takes us to momo's cafe. >> the excitement in his voice is not just over the renovated momo's cafe he funded in vallejo but what is about to happen monday morning. >> we are allowing the people in public to come in and what they want and pay what they want or what it is worth to them. the people who can't afford it get to eat for free. >> under good company ether two, underpaid what you want, that same concept will go into play at momo's cafe until the end of the year. a way to build and grow community. >> vallejo has not been a place where people travel all over the world to be but it is becoming that with the infrastructure we have been creating. it is a necessary thing if we want this to be a place that we love. >> he started the idea during the pandemic, hosting pop-up versions c

lisa. just dad express. lanes sitting empty you asked and the items dan noyes delivered the reasons behind the slowdown to a project on highway 101 in san mateo. hi, i'm eileen. i live in vancouver, washington and i write mystery novels. dogs have been such an important part of my life. i have flinn and a new puppy. as i was writing, i found that i just wasn't as sharp and i new i needed to do something so i started taking prevagen. i realized that i was much more clear and i was remembering the details that i was supposed to. prevagen keeps my brain working right. prevagen. healthier brain. better life. prevagen keeps my brain working right. the abc 7 news. i team drivers who use 101 in san mateo county have watched for two years while caltrans spends more than half a billion dollars to install new express lanes. the project is now being delayed into next year as rush hour drive times get slower the frustration that was mounting the i-teams. dan noyes has been looking for answers and has this story? traffic on 101 in san mateo county is returning to pre-pandemic levels and construction of new express lanes isn't helping look at some slow tra