london time -- 8:30 a.m. london time. bolsonaro is slipping in the bulls. -- polls.atest survey gives him 50% and percent -- 57% down from 59%. 'se newspaper says bolsonaro tax reform plan would add to the yearly deficit. global news, 24 hours a day on air and @tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. bloomberg. nejra: now let's get to our guest for the hour. the european economist at hsbc is with us. good morning. equity markets stealing attention from eye-popping moves. at what point does the selloff in equity markets throw the fed off course, particularly when you couple it with the fact that the dollar is at its strongest? keepviously the fed does the global economy. they need to look at what's going on in the u.s.. in the u.s., there is a huge amount of business coming through. the fed will stop once they start to see the u.s. economy slowing down, which we think that happen toward the second half of next year. until then, it is very unlikely what is going on will move them off course. ultimately they fear

london time. that's just after lunch here in frankfurt.river to tune in bloomberg radio live on your mobile device or over on dab digital radio in the london area. h -- younever chair have nejra cehic. terminal. it on the this is bloomberg. ♪ >> there isn't any be plan. i said there is the cap, the 2.4 compared to gdp. cap.ll be our , bute ready to reduce there isn't any plan be. we are betting on our kids future. that was -- anna: that was the italian prime minister. he says the euro will be the currency of not just his children but his grandchildren. we will hear from mario draghi and company tomorrow. the financials not taking is higher over in italy. so the not -- luxury names taking is a little higher in the target market, not the financials. whatstrategy around italy, do you do in the bond market? alan: it's not a wonderful narrative to put it mildly. a yield in euros is very you can take that yielding euros in at 3% to make it a yield in dollars. the way we look at italy, it's a chickens way of doing it. we mandate what we can, part

this morning, london time. i was getting ahead of myself there. all the breaking numbers coming through. full-year revenue rising about 16% year-over-year. fourth-quarter net revenue rising 5.7% on the quarter. it sees the fourth-quarter gross of 49.8 percent. it is looking like it is generally meeting estimates on revenue.-quarter net the income, $369 million beat on the estimate. quarter gross margin, i have already given you. a slight beat pretty much in line. dollars -- $2.25 billion dollars. beat of the day and not even thursday. we will talk about those earnings and the implications. it is now not the worst-performing stock market in the world. the shanghai composite is the second worst-performing stock market in the world. on an average day, we perform 3% on the bandwidth. like that on monday. we have got a little bit of a bid to it this morning. getting a market is reprieve. the slump in the price of oil yesterday crashing by nearly 4.5% in terms of crude. we are seeing the fx reserves. may fell to five point -- sell five points, the bigge

london time. allows us a deal that to continue trading with our european neighbors with low friction at the borders and behind the borders will minimize any negative effect on the u.k.. there will be negative effect. >> it will minimize. whether there will be overall a negative effect or a positive effect, i can't say. germany's ruling parties has plunged with merkel's party showing its worst plunge in more than 50 years. her main allies, the social democrats, one their lowest share of the vote since the second world war. the green party doubled its support and the far right party won seats for the first time. twitter,d at tictoc on powered by more than 2700 journalists and analysts in more than 120 countries. nejra: thank you. ceo -- hsbc ceo john flint has revenue up 9% and the so-called jaws figure is moving in the right direction which means they have managed to increase revenue faster than costs. is jonathan, senior european bank analyst for bloomberg. good to see you, thanks for coming in ea

and, staying with brexit, the london times says 150,000 britons have taken up irish citizenship sincetions. on bloomberg, the chairman and chief executive ofjpmorgan chase, jamie dimon, has said that boycotting the saudi investment conference because of the killing of jamal khashoggi was pointless. a story from brazil next, where the folha de sao paolo is reporting that the newly elected president, jair bolsonaro, plans to merge the country's environment ministry with its agriculture ministry. conservationists think that will open the door to environmental destruction. and, since it is halloween, a story from graveyards in the philippines. the philippine star says the country's bishops have warned their congregations to beware of fake priests offering to say prayers for the departed in exchange for money. you can do it yourself. with me is fiona cincotta, who is a senior market analyst with the financial betting company city index. so the financial times, they headline story, brussels tells traders it will not slam the door to city clearing. are we breathing a sigh of relief? this is

london time. let us get our first word news with juliette saly in singapore.ejra, the federal reserve president has welcomed increases in wages. speaking in boston, jerome powell says he expects to stick with the central bank's current path of gradual interest-rate hikes while monitoring risks presented by very low unemployment and low inflation. new york state tax authorities have started an investigation into allegations that, trump and his family created a real estate empire through "instances of outright fraud." according to the new york times, president trump received roughly more from his father that he had previously stated and that president trump backed his sons bad financialng stretches. the white house says the report is misleading. u.s. secretary of state mike pompeo will travel to pyongyang on sunday to meet with kim jong-un and prepare for a second summit between the north korean leader and president trump. the state department's announcement confirms what he promised last week, that they -- "maketo open court the final preparations." seeking aen

, i had beenin pastries in london. over timefood at that time, pastries, never picked up that much, so pastries, never picked up that much, so to compare the quality of pastries in france, in london you had a lot of good bakeries but not really fine pastries and this was oui’ really fine pastries and this was our goal, to try to bring quality products to the high street. let us look at these three michelin star styled pastries. explain how you spotted what is effectively an investment opportunity in a clients. when you think about an eclair, they are all the same shape, it is the same process that goes into making them, but each individual one is a sacred peak in itself. you are taking french pastries and putting them in the form of an eclair. this one is normally a round cake which we transform into an eclair. you have your chocolate cake which is like your chocolate eclair. you have throat. how much would that cost? £42. £42 for eight eclairs. it is fairly luxury. you are based in london on the kings road in south kensington a

london time.at is today's company news. that is today's company news. global news 24 hours a day on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. francine: factors contribute into the rout are concerns that company's profits are eating. we will hear what scott minard from guggenheim had to say. scott: the fundamentals are great. the whole scenario we talked about in august with the growth corporate earnings, the tax cuts, it is all holding up. i think it is a big psychological rate from wendy 10-year note when above the 10-year note the when above the break. francine: so what is contributing to the decline? by a chief afx strategist. first of all, what is the reason behind the rout? been talking about these risks for a month is not more. guest: we are now talking about emerging markets developed markets. umpteen reports about the effects of labor costs, higher costs of trade, and i think it is taking a tift down. sense, in each country, in ea

london time. global news, 24 hours a day on air and @tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. matt: thanks very much. your world and national news. next, a big beat for ubs. we break down earnings. later we are going to speak with the ceo sergio ermotti. ofreholders have lost 25% their money in ubs this year. we will ask him what he's going to do to turn around. ♪ nejra: this is "the european open." we are 15 minutes away from the start of cash equity trading. here is juliette saly in singapore. juliette: ab inbev of has cut its dividend and half as it seeks to pay out its debt mountain, much of it taken on for a rival purchase. the world's largest brewer reported profits that missed expectations. ab inbev sales growth slowed to the weakest pace in more than a year. mercedes-benz owner daimler has struck a more confident tone for the final quarter of the year, lessening the blow from traffic warnings. -- profit warnings. a

london time.l news 24 hours a day, on-air and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. thank you very much. sorry for the interruption. let's talk about the one -- yuan, close to the magic seven number, a level it hasn't reached since the financial crisis. into equities slipped positive territory after president trump made his bullish comments about the trade deal with china. a great dealke with china and it has to be great, because they have drained our country. we have really helped rebuild china. they have been taking out an billion --$500 billion, here for many years. not going to happen anymore. sourceshat came after in washington said the u.s. was preparing to slap tariffs on all chinese imports if next month's talks between presidents trump and xi jinping failed to ease the trade war. we have a special guest, global chief economist for hsbc. welcome to the show. simple question. anotherorld ready for slapping of tariffs from the unite

london time. that allows usal to continue trading with our european neighbors was low friction at the border and low friction behind the borders will minimize any negative effect on the u.k. >> it will be a negative. we will be worse off. >> it will minimize any negative effect. i cannot say. debra: support for germany's governing parties have plunged with merkel's cdu suffering the than 50owing in more years. chancellor merkel's main ally, the social democrats, won their lowest share of the vote since the second world war. the green party almost doubled its support and the far right won for the first time. an indonesian passenger plane crashed during an internal flight. lion air boeing -- boeing came down in the java sea. the plane was a 737-8 and was hearing 138 passengers and crew. indonesia's last major crash was in december 2014 when it plunged into the sea. 162 people on board. you can follow the latest developments on this story by going to tliv on your bloomberg. that the confirmed duty-fr

london time. traveling to work, tune into bloomberg radio live on your device in the london area. this is bloomberg. ♪ nejra: this is "bloomberg daybreak: europe." i am nejra cehic in our european headquarters in london. manus: i am manus cranny in abu dhabi. let's get to the markets. s&p futures managed to turn it around. dollar-yuan, where is the line in the sand for the pboc? that is at the fx traders are saying. desperate times desperate measures. could the chinese lower taxes on autos? outperforming,ei 1.8%, gaining strongly on the back of a weaker dollar yen. gaining if you look at the fx space. the 10 year yield up two basis points. it is a on we are seeing across assets. we are seeing softness and brent. manus: let's get to the u.s. markets, because stocks, the sharpest reversal in three years. the s&p 500 in perspective on the precipice of a second 10% correction this year. the benchmark, the last nine days some of the steepest selling since 2016. there could be further negativity on the

london time. this is bloomberg. ♪ nejra: 7:19 a.m.just over 40 minutes away from the european equity market open. equities, weng of are asking the question on mliv, what is most of blame for the stock rout? you can join the debate. reach out to us. speaking of equity market, asia under pressure still in that bear market, looking at the msci asia-pacific index. coming under pressure, too. bid.uro cannot catch a yesterday, we saw equities close higher by .5%. we got a reprieve in europe like we did in the u.s., but it to continue. u.s. futures taking a leg lower. earningsch causing jitters after hours from amazon and alphabet, but is that reason?he that is the question we are asking this week, as to why equities cannot catch a bit. opec produced more. we are going to cut. oil is headed for a weekly loss. bloomberg business flash with debra mao in hong kong. it has raised its outlook for this year's sales growth but lowered its forecast for profit. europe's biggest event maker sees revenue growing between 4% and 6%, down from the previou

the newspapers like the london times there is a big media i think is very biased indeed and it really does not give an equal representation of the horrific atrocities perpetrated by the jihadists but it's not going to stop me trying to be a voice for the people of syria and the many people out there who do supporters and i do find when i do speak in different contexts people just say thank you so much for putting. all the truth from the b.b.c. we knew there was more to it than that and thank you for telling us the other side of the story so there's a lot of appreciation and there's a lot of latent support waiting to be mobilized and i'm sorry to say that u.k. and saudi arabia big time have been supporting the jihad is that just prolongs the suffering the people of syria i think it's unacceptable and my bottom line position is that the people who decide. that stop intervening proxy wars and i've managed to find out questions in parliament that the british government has used at least two hundred million pounds of taxpayers' money to support the hardest related groups i think this is un

are hoping this exhibition will attract a big audience and some stellar reviews that al-jazeera london. time for the sports news peter thank you so much we start with tennis and world number three no doubt jock itch is three to the quarter finals of shanghai masters the server then she is french open loss to marco church in otto earlier this year with a straight sets victory over the italian the three time champion took just seventy minutes to seal the win jock which is attempting to end the year top of the rankings which would mark a remarkable comeback considering the serve had elbow surgery in january. for seed alexander is of rabbit also had an easy time against australia as alex dimon are the twenty one year old german defeated his opponent six one six four several face eleven seed kyle admin a briton in the last eight. le bron james finally have a chance to link up with the man who was the lakers biggest star prior to his arrival long so ball they hadn't played together in previous preseason matches since ball was recovering from knee surgery on wednesday the deal will help the lakers

hoping this exhibition will attract a big audience and some stellar reviews at the barber al-jazeera london time for the sport now here's some. thank you very much the world's top ranked football nation is at the center of a huge fraud and match fixing investigation authorities have charged five people including a referee n.c.s. millions of dollars worth of cash and luxury guests prosecutors a say the investigation began late last yam focused on suspect the transfer deals why they believe some payments it made to agents players and coaches are being hidden from tax a board on the leading of football clubs including reigning belgian champions buddha had their offices searched and documents seized the homes of club board members football agents referees coaches journalists and tourists were also searched it's a europe wide open ration involving six other countries investigators believe top level belgium league games and may also have been fixed during the investigation further indication surface of possible influencing of at least two matches in the battle to avoid relegation to live with your vis

allowing you to reflect on the issue of migration but it's also a call to action to al-jazeera london time for the sports news with andy thank you very much pizza events discussion mark celebrity says allegations involving his club struck a christian or an elder or a private matter las vegas police have reopened a sexual assault investigation that dates back to two thousand and nine an american woman says she was attacked by the thoughts on world player of the year in a hard sell room the claims were first published by a german magazine der spiegel and although has dismissed the accusations as fake news he is suspended for you've a champions league games coming up against swiss team young girls. on the comment or q i cannot comment i don't know what it's about i didn't even read it and these of course are private matters much thinner aiming to avoid a third straight defeats you know it's a target for lent sirin the champions league group stages a little lights are on their manager gerry same relationship with paul paul but being closely scrutinised again to parents who ignore each other at

guy: it started falling at about 4:00 london time, 11:00 your time. what caused that?e already seeing because i'm some fundamental factors related to earnings reports, but there has been a lot of attention on what has been going on with the issue in saudi arabia. not just about the political aspects of it all. it is a huge amount of money it comes out of saudi arabia that flows into a lot of this market, whether it is directly into equities or investments in the companies themselves. there is concern a breakdown in the relationship could threaten that financing and that is what investors are worried about. vonnie: why are we not seeing such a big reaction in oil? romaine: this is not really about oil. you really have to look at the if there is because some sort of disagreement between the u.s. and saudi arabia, it will not be from the oil money. it will be what the saudis versa,to do or vice whether u.s. companies pull away from saudi arabia. that is the fear that you have in this market, and if that were to be the case you would see a lot of companies lose a vital sou

late sixty's the counterculture magazine ads publishes articles about everything the venerable london times went. to sex drugs and rock'n'roll alternative lifestyles and now. the psychedelic layout makes it one of the standard bearers of the hippias thirty in different art and safety overview don't question that russian guy and i know you behind would leave the team even if he'd walk as i know and if you don't give was a feeling if i had to question if you're going to have the avoiding essex end of my idea would i want to know it from describe what roy your doc when i said measurement such as was i was about damaged so it went on pieces yesterday after safety just plead to shut off their concern in your for over want to say data safety after cancelling your for. in the early seventy's some activists extend their critique of consumer society turning towards ecology. in one nine hundred sixty two book sun in spring the biologist rachel carson predicted the advent of a spring time without the sums of goods or buzzing in six night today. by weakening americans to the dangers of the overuse of p

the late sixty's the counterculture niggas in publishes articles about anything the venerable london times went. to sex drugs and rock'n'roll alternative lifestyles and now. the psychedelic layout meets in one of the standard there isn't hippias thirty thousand different items eighty five of you can question that russian guy and i know you behind libertine even if he'd look as i now and if you were given as a feeling deaf i had to question if you're going to of the avoiding essex end of my ip avoided audio from describe what roy your doc when i said nice human such as what i was about candidates with one aunty says yes stuff the safety just barely to shut off the constant in your for over one to say to her safety have to cancel a new one. thin the early seventy's some activists extend their critique of consumer society turning towards ecology. in one nine hundred sixty two book sun in spring the biologist rachel carlson predicted the advent of a spring time without the sums of goods on bussing of in six like today. by working americans to the dangers of the overuse of pesticides which were

yesterday he just hates to fly gets nervous, he is on the ground and happy to be in london. >> this is my first time in london. but you only live one time. you only get to see the world so many times. what a great, great experience this is. i think the brand of football, um, american football, needs to be seen. and, you know, i'm excited to showcase our football team with the seahawks and hopefully the people here in london have a nice time. >> as for the 49ers, running back matt breed da hasn't practiced all week since spraining his ankle last but he listed brieda can't go, look fo alfred morris who sat down with scott reiss to pick under the slack. >> what's the he he way to get the mojo back and saving the season? >> confidence. having the confidence. everyone is writing us off trying to make excuses. not making excuses for ourself. >> scott's entire interview is tonight on our ten o'clock news. >>> regardless of whether it's morris or brieda carrying the load, the huge challenge when you play the packers is how to stop or at least slow down future hall of famer aaron rodgers. >> you know, you go

katherine stansell al jazeera london. time for a quick check of the headlines here on al-jazeera a source from the turkish attorney general's office has told al jazeera they found evidence missing saudi journalist jamal was murdered inside the saudi consulate in istanbul on monday turkish investigators were finally allowed into the building thirteen days after the journalists disappearance u.s. president donald trump says rogue elements from inside saudi arabia could have been responsible for his disappearance he sent secretary of state might compare to saudi arabia to discuss the issue with king sound money and u.s. media reporting that saudi arabia is weighing up whether to release a statement that was killed as a result of an interrogation that went wrong the saudis reportedly plan to say this was done without official clearance or later that u.s. president commented on the media reports. and we're working very very very rare with your aide and they want him to get here to figure out what they want to know what happened als

regime is refusing to have a credible election could to speak with your key told tangram hour in london. time for the weather now here's carol that's right we have some weather to talk about particularly in terms of flooding right now i'm going to take you over here toward south america northern parts of columbia that is i want to show you the radar and satellite here of what has happened over the last twenty four hours notice a very heavy rain there in the northern part of columbia well this is what we were dealing with they were dealing with mudslides as well as the landslides across this area six people are missing six people are dead right now several more are missing across this area as two homes were engulfed in the mudslide because of the very heavy rain that we have seen across the region now they do expect that the death toll is going to go up in this area now the other area we are watching what is happening here on the western coast of mexico two storms are going to be making landfall in the next twenty four to forty eight hours we're talking about what's happening here with vincent

that happens after 7:00 london time. juliette: it looks like the msci asia pacific index might actually rise today for the first time in eight sessions. your singapore upward momentum from the nikkei in late trade. it is hong kong and socks in india and thailand leading gains. the asx 200 up 0.25%. we are seeing korea play catch-up after being closed yesterday. taiwan is closed today. in terms of stocks, weakness from the tech players. softbank coming under pressure. journal a wall street report that softbank is in talks to take a majority stake in when work. it is up by 5% in tokyo. indian financial stocks looking strong after the state bank of india tripled its target for buying loans for some of the nonstate lenders. and then in australia, the education provider of the most in 14 years on an unsolicited takeover offer from a number of companies at australian five dollars 50 a share. a very big hop for that stock. stock.we love a pop on a from the stock market to fixed income, they are bracing for $230 billion worth of

but franklin was 19 when he went to london for the first time. and there were several things.first of all, he was in the graduate school for printing nothing like the skill like for engraving that is 18th century. there were no engravers in the colonies so he had to learn some engraving. and then just wrote a letter with the chunk of asbestos. [laughter] it was the asbestos for purse and thought he would have some as a colonial curiosity he wrote and said would you like this asbestos purse? that is still national history museum in london because that was the collection that they have in the museum. because sloan was like number two that is what he is famous for. that franklin was influenced by. and to really take to london at the time it is the. and during this time to plunge into that world. and with those particular artis artist. >> and then you write franklin was acutely aware of his sins. [laughter] what were his sins and what about his conscience and to take on a commission and he did collect a debt but dips into the money himself. this was not a good idea. [laughter] so

i'm francine lacqua in london with tom keene in new york. it is that corgi timege our clocks in new york but not in london. tom: really, an extraordinary weekend. this ibm transaction with red hat is absolutely extraordinary. the exposure it places on ibm. quite a: we have lot of corporate together. -- to get through. osonero has wone brazil's elections. promise to strengthen times of the u.s. and unleash a crackdown on epidemic crimes. beat thef the vote to mayor of sao paulo. costomised to reduce the and size of government and reform foreign policy. >> our government will break the paradigm. we will trust in people.we will cut down bureaucracy , simplify things and allow people and entrepreneurs to have more freedom to build the future. we will unite brazil. jet carrying 189 jet carryingionair 189 people has crashed in indonesia. capital at from the 6:20 a.m. and lost contact 30 minutes later. the aircraft is heading for a popular tourist destination. you can follow these developments by going to tliv on your bloomberg. chancellor philip hammond says britain ma

local time, 9:45 a.m. in london. have that the washington post columnist was tortured and dismembered by saudi assassins who flew in on private jets. president donald trump says the u.s. will cut off foreign a to guatemala, honduras, and el salvador as thousands of migrants continue to march toward the u.s. border. trump has sought to escalate undocumented immigration as an issue ahead of pivotal midterm elections on november 6. blaming the so-called caravan on democrats. of overseas aid can be withheld on corruption or immigration concerns. and brazil, the latest opinion captainow a former army holding a 57-47% lead over his rival days before the second round of residential votes. the separate survey shows he is dominating social media with his name being mentioned three times more frequently on a series of platform that had dad. it is not how many were positive or negative. another step in china's project to bring home -- bring hong kong into its bosom is complete and connecting with the mainland. $15 billion 34 mi

david charles from the london times. kim.ntryman of sir you are very confidently stating the free trade agreement will solve the border issue. i did not hear any dissent from the panel. i wonder if you agree with that. i would like to expand on how that works. you may say it requires very close regulatory alignment, but surely the greatest the regulation, the deeper the alignment, the less opportunity or possibility for britain to strike its own free-trade agreements. they simply would not be able to vary that deal today international trade agreements, with a? --would they? >> very briefly i think you are right. the reports in today's paper is another version of a customs arrangement which is purportedly now in draft text for the exit agreement. i think potentially placing huge restrictions and potentially striking of bilateral free trade agreements to the u.k. and other countries is pretty much impossible. from an actual technical and practical point of view it is not clear how this will actually work in practice. dougl

london time know annette sat down with olli rehn.him to gauge the risks posed by ongoing brexit talks. >> brexit is a big economic and political problem, especially for the united kingdom to some extent also for the rest of europe. but the essential thing is that the uk could now finally come up with a clearer negotiating position which takes into account the four freedoms of the european union and is comfortable with the eu treaty one political consideration is that there should be no new borders between the republic of ireland and the united kingdom, and we've seen some quite recent proposals that go to this trek shun i think it's now up to the eyew negotiati -- eu negotiations to look at these proposals, whether they resect the spirit of the good friday agreement which greatly helped social peace in ireland, which is actually at the core of the discussions in the uk and between the uk and the european union. >> oil prices are trading lower this morning after reuters reported that russia and saudi arabia have agreed to raise output

london time. juliet, let's get to you. and taiwann sap semiconductor. wrap things up for us. s at the forecast, the biggest technology company, that is the key take away here. momentumman time -- coming through on their cloud business. this indicates future revenue. it was up 37% in the september quarter at constant currencies. growing slower than overall cloud revenue. that might disappoint some analysts. tim and see, you saw net income coming in at a base, rising by 8%. if you look at operating profit, a little bit below what some in the market were looking for. our analysts had already flagged this, saying a glitch could have dented their third-quarter sales. $95.2 billion in taiwan dollars. just below estimates. lading's -- ladies, cracking roundup. thank you very much. stay tuned to bloomberg. us ceo of sap will join after half past seven this morning in london. annmarie hordern and juliette saly, thank you very much for breaking down the numbers. nejra: let's talk europe. theresa may is considering a plan to extend the brexit transition time. the u.k. prime minister want

london. let's move on. let's look at the times. take us through this story, dawn.x bill. and he has been asked to act over facebook's paltry tax bill. his bid to make his inbox would be full after this. a lot of people —— his inbox. given the amount of sales and amount of money they make, apparently it is equivalent to 19p tax. their tax bill last it was 7.4 million and they took it down from around about 15 million. these are big global companies like facebook and google etc, they are making huge amounts of money and more money is being funnelled towards them and the treasury isn't seeing much of it at all. increasingly in this economy, we are told austerity is over and we are still not seen money coming in. almost every body now, labour, the conservatives, are coming around to the idea that we need to tax them better. they need to pay their way. even philip hammond, the tory, friendly to business, chancellor, he made the point about the tech giants not paying so much tax. that's £7.4 million of tax that dawn mentioned, that was on sales of 3.4 billion. a pretty g

we'll speak to the ceo for first interview of the day after 9:00 us morning london time.omberg business flash. matt and nejra. oft: all right, debra, course you were in hong kong. i thought you were visiting singapore but i was wrong. bloomberg terminal users can interact with the chart you see on bloomberg tv using gtv . you can check out key analysis and save charts for future reference, use them in your work if you like. up next, we have the battle of the charts. this is bloomberg. ♪ nejra: this is the european open, 54 minutes into the equity trading day. time for battle of the charts. and recorder is going to go -- annmarie hordern goes head-to-head with justina lee. annmarie: talking about amazon all morning. i want to put some things in perspective. yes they had earnings were they saw shares drop 9%, struck a sour tone with investors. when you look at it against this index, amazon shares are still outperforming. financing plus index includes alphabet and twitter, but amazon is outperforming their peers, saving yesterday's sour tones doesn't look so bad when you

london time.e president of the federal reserve bank of philadelphia will be joining the team. let's talk about oil markets. oil prices have studied, but at high levels. near the highest level in four gears. lingering fears of global supply outweighed a gain in u.s. stockpiles as president trump slammed opec for ripping off the world. >> we protect saudi arabia. would you say they are rich? and i love the king, but i said king, we are protecting do. you might not be there for two weeks without us. you have to pay for your military. anna: president trump, piling on the pressure. russia energy weak kicks off in moscow today to the great good of the oil industry. annmarie hordern has followed that event. she is there for us this morning. what do you expect this week? it is pretty telling that we have president trump speaking just last night about the saudi king. the oil minister and his russian counterpart met in st. petersburg, they were yet again under pressure from the united states to boost produc

whatever the truth, shortly after 8:30am london time, kensington palace issued a short statement sayingxpecting a baby which is due next spring. five months after their wedding at st george ‘s chape windsor a child which will be seventh in line to the throne, is on its way. it is the fulfilment of a wish by them both to start a family. harry is known to have a strong rapport with children. meghan also. modern, wonderful parents. prince harry always brings it to life if there are children there. maybe in another life he was a natural blue peter presenter. briefly then for everyone, something to agree with. it is wonderful news, very happy for them. and for harry and meghan, they face a hectic 16 days on tour with a mass of baby gives no doubt and the prospect of parenthood. and in the next hour, we'll be speaking tojulie montagu, an american who married into british aristocracy, to discuss the excitement americans are feeling now the royal family will have american blood for the first time. the energy firm, cuadrilla, has started fracking for shale gas in lancashire. the work involves pu

london time. the chief economist at berenberg is still with us.s the jobs data and wage growth data today going to show us that perhaps inflation could still be the missing piece of the puzzle of all the various things that push 10 year yields up? >> we have been looking for so long for inflation to go up. we have been watching signs of it. it is a gradual process. whatever the data reveals today, we should not read very much into it. first, we have the florence. world gotnuary, the excited about what seemed to be an unexpected acceleration in u.s. earnings. the next month it was revised away. i would not react very much to whatever the data are today. uptrend is intact, but whatever the data show, i would only react to a quarterly average rather than the precise data. wages should be going up. laboris underutilized still in the u.s.. the participation rate is rising. that suggests even with a strong economy, we should not get a sudden acceleration of wage growth bad enough to scare markets for long. >> does that mean it is too early to put the cu

president says he's more optimistic a deal will be reached and he says europe is willing to give london more time for its transition. brexiteers in the u.k. do not like the sound of that. turkish media published new images in the case of the missing saudi journalist. they say the photos show a man with close ties to saudi arabia's crown prince entering the consulate in istanbul on the same day that khshaggi disappeared. plus, we will take you to virginia, one of the key states where democrats are looking to take background. -- is locked in a tight race for the u.s. house. the former navy commander running for the democrats so far has had a remarkably strong campaign. i'm brent goff. good to have you with us. e.u. leaders have wrapped up a summit in brussels voicing rare optimism over bricks it. both the commission president and council president say they believe a deal can be reached. negotiations remain stalled over the issue of the irish border. leaders suggested extending that post brexit transition period to try to solve the impasse. british prime minister theresa may is considering the idea

has always been about staying in the spotlight while keeping everyone guessing the al-jazeera london. times has to take a look at the top stories here it out there in breaking news the turkish authorities are now treating the disappearance of saudi arabian journalist. and his country's consulate in istanbul as a case of murder he was last seen entering the saudi counselor's on tuesday reuters news agency is reporting a source at the consulate has denied reports that he was killed in the compound. has more from istanbul. turkish security officials are now dealing with the case of . a murder investigation late on saturday they had said that they had information that fifteen saudi nationals among them officials had flown in on tuesday on two separate flights had gone to the consulate the same time that cultural g. was a very are and then the had left so now there has been no disclosure of the whereabouts of his body brett kavanaugh president supreme court choices been sworn in after a contentious senate vote it follows thirty hours of intense debate for and against the candidate who was subjec

that is to say, i mean, last time, arlene fosterfrom the dup said, actually, no. and theresa may had to go back to londontransitional period for me is the only way out. because it gives more time for them to sit down... and it gives more time to britain and the tory and labour parties to sort out the mess and perhaps after march, to have new elections or a leadership contest, and so it is just buying time basically, for britain to find a new voice oi’ an agreement. i'm not sure actually, about this second referendum. it depends also on the question asked. look at the labour conference. labour does not want a second referendum, so i'm not sure it's the answer. how many referendums will it take? best of three or maybe best of five, just keep on going! there is a positive side for theresa may to chair a meeting of the inner cabinet. definitely she has something in hand. it is not her style to call the cabinet for this reason so maybe there is some good news, but the problem is, inside the conservative party, inside the government itself, inside this shaky alliance between the unionists and theresa may and t

london time. here is the program lineup. mornings unto on "ktvu" till 8:30 a.m. and then ktvu plus from 9:00 a.m. to 10:00 a.m. and then there's sports on ktvu followed by a game with sports wrap tonight at 11:30 a.m. >> the niners game isn't until tomorrow. the packers in green bay in lambeau field. niners are left with just one wood. packers are second with two wins and two losses. kickoff is monday at 515 p.m. specific. >>> the debate over the process -- 5:15 p.m. the debate of the protest is spilling over to the grocery store. one alabama person will not sell pepsi products. the store owner says he knows he might lose business but he won't have pepsi products with the nfl logo on it. >> i have really been disgusted with the professional athlete handling situations. i'm not trying to make a statement but i don't want to support anything dealing with the nfl. >> the owner has already received negative feedback and it began in 2016 with colin kaepernick when he took a need to protest police brutality. they reenergized it when they made cap next the face of their

is known around the world for its red buses, red postboxes and these guys, the humble london red phone box. but timeiconic though now fairly little—used landmarks of street life in the capital. the red phone box is synonymous with london. when they were first introduced in the 1920s they gave many poorer londoners access to a telephone for the very first time, and after countless appearances in films, tv shows and movie studios, they became something of an icon both here and around the world. you come to london, you see the red telephone box. the first thing that comes into my mind when i think of britain, the queen or the red phone booth. although as more people got access to their own phone at home, the numbers of actual calls being made from them dropped. but it was the arrival of the mobile phone that really sounded the death knell for these pieces of london history. now, i can remember when i first came here 20 years ago, using a phone box was a really big event, it was like, "i have arrived in london." i probably took several dozen selfies in one of these things. these days it is just clear it

many of the world's major newspapers are critical of saudi arabia's version of events times. london describes the admission as the grave us to embarrass months of saudi arabia's modern history the new york times raises questions about saudi arabia's various explanations about what happened to her job j. pointing out they initially said he left the consulate alive and well the washington post which wrote full says the new account may do little to ease international demands for the kingdom to be held accountable and the u.k.'s guardian newspaper in reporting the alleged fistfights in the rest says the saudi government appears to be trying to insist insulate the crown prince and protect his position than col is a former deputy national intelligence officer the u.s. national security council he says the trump is being open to believing whatever saudi arabia tells them about the case. the absurdity of the the crumbling cover stories does bring a smile to someone who pays any attention at first they denied everything they tried to express outrage that prince salma was implicated then they

london time. it is available on london digital radio in the london area. that is coming up. loomberg. ♪ vonnie: welcome. guy: time for our global ballot -- battle of the charts. you can see all of this, get a great shot of what were going to v.ou on gt >> halloween is around the corner. we have some candy here, but i also want to talk about something that is spooky, october. look at my chart and we see global stocks have lost about $8 trillion this month, the most in 10 years going back to 2008. they lost about $9 trillion then. but there has been a lot of green since then, so investors are wondering why in the middle of a bull market? emerging markets have been putting a drag on things. look at the index and we see it is down about 20% year to date. and we cannot blame it all on e.m. we also have spots in europe and the u.s. it has been a scream of for investors. have a happy halloween and you can find this chart in our terminal. guy: take a look at the losses we have seen. vonnie? vonnie: i have nothing so entertaining. it is a weaker yuan. and obviously, we have been s

summit hoping to do what appears more and more to be the impossible bring brussels and london closer to a deal before time runs out mrs may return to london as she has done many times before with no progress to report but today a shimmer of light appeared across the english channel e.u. leaders told reporters that they are willing to offer britain an extension more time to transition out of the european union the use top leaders told you will toast said despite everything they feel good about the situation breaks it with the human heart who knew. at the end of the summit to leave his image wary but optimistic while there was no major breakthrough in the gushy asians at least the talks have not yet broken down. german chancellor angela merkel said the situation was a complicated work in progress. and until. i referred to it in squaring the circle meaning as long as we don't have a solution no one can yet explain exactly how i will get that that i found a belief where there is a wealth as a way. in the mind of as the european commission president joan claudio because said he thought a deal would be done. we

that sense bourdin and moscow now look an eye to eye for the first time i think since two thousand and fourteen let's bring in london head and max all down and you've heard what other two guests and had to say the americans are saying that the russians violated the treaty several times the russians are saying actually we haven't we've just developed weapons we haven't deployed them in the area that the treaty covers you want more arms control not less what worries you about this particular treaty and the threat to poland. the major thing that worries me with the threat to pull out this treaty is that this could. relations between russia and us era paraplegia and this could threaten the whole greater arms control regime and if the i.m.f. falls it will be incredibly difficult in terms of domestic politics for both the u.s. and russia to agree to extend new start and if new start goes in twenty twenty one it will be the first time the world has been left with mutually agreed capsule new u.s. and russian arsenal since one thousand nine hundred seventy two. i think there is also a wider threat to transatlantic relations

it does and all of us craned over it to see was it bbc london, ny times new york or which was the foreign rodent that was going to talk to us, it was none of those. >> i recognized it to my horror it was my father in company in london typing one finger at the time, mother and i greatly enjoying stories you sending from india. it was so humiliating and embarrassing and ended up with deadly sign, mother says, simon while in india take care to keep off the salads. [laughter] >> my approach to generating these things which is i have and this is umbrella topic of innovation, i think, which is i always have -- really at least three projects simultaneously going in different stages, so i try to have one book that i'm kind of wrapping up and in copy-editing mode and it just come out and i'm still thinking about it a lot and then one book i'm actually writing or researching and then usually two or three ideas that are kind of planes on approach into an appropriate, you can see the lights out there, you know they are coming, you're not totally sure what they are but you have some sense that you wil