manus: and i manus cranny. we will get to the geopolitics of north korea and south korea at the moment. but have a look at the bond markets. are we reaching a capitulation point for building up to one in the bond market? by 2%.ond yields, up we want to look at the japanese bond yields for capitulation. here of the global bond yields. cracks are beginning to appear. draghi, did not even discussed quantitive easing. mark carney says the bank of england is not trigger-happy. you can see the beginning of a movement. what are we focusing on the jgb market? because of the correlation. the correlation between the jgb market and the rest of the market. i think the other thing you can see as well, the 30 year spread. we will hear more from jeffrey gundlach later in the show, saying, this is a warning. more on that i look of it later. nejra: that is a great chart. the question is, is japan's bond route going to seep into the world? the let's bring up the risk rdadar. i will start with fx and the korean yuan. you can see

manus. manus: thank you up next, wake me up.eptember ends here it why this is the most desperate ends. why is this the most bitter month for investors? this is bloomberg. ♪ manus: it is 7:21 and here in london, welcome back. i am manus cranny at the bank of england. anna: i am anna edwards. we are two weeks into september. investors happily getting a taste of the -- data going back to 1927, the ninth month of the year has delivered the worst average return in the s&p 500 index. september ends with a monthly loss, 55% of the time. that is the most of any other month. armstrong. ana september is generally a pretty dreadful month. it feels like we had a pretty quiet summer this year, unlike the past few summers. september has taken on an identity all its own. ana: we are waiting for two countries having elections. italy will have their referendum. we have u.s. elections central banks all over the world have injected so much cash and they are still following easing monetary policy. join soon by the school policy in europe for the fi

manus: i am manus cranny.olatility, talking about the dollar, talking the biggest slide in five weeks. have a look in this chart for our viewers. the dollar index is the white line. and economic surprises are the blue dots. the trifecta, my word of the day the trifecta of doubt,.talking about services expanding the weakest in six years, manufacturing contract ing, and a lackluster jobs report.that is changing the work function. the probability of the rate hike drops to 24% from 34%. the dollar is under pressure, and volatility, that is spiking higher. what is next? anna: as you say as that data increasingly, disappoints, let us bring up the risk radar and show you how the rest of the asset classes have been reacting u.s..t weak data in the theback of that week data, korean wine up as you see. up to the strong as in the year, oil up by half a percent, the road to algeria paved with a lot of talk about a freeze, a lot of chitchat about a freeze.we will follow that. a new forecast saying the u.s. is still dominat

manus? manus: david, thank you. that central-bank policy has been to skewed toward driving capital markets and not supportive enough to the real economy. anna: speaking into -- and an that speaking in an interview with francine lacqua, he gave his views. day, our end of the crisis of 2007, 2008 has increased and it has given limited economic growth. if it wereargue further disaster, we would be any worse position. it is not giving us the growth that we were expecting. the reason for that is the system is too much contact toward the capital market and what some people call the real economy. what you see and you take the u.s. right now, many companies prefer to do the special dividends or share buybacks, and really have significantly reduced the investments in their own companies. that goes at the expense of longer-term growth. yet it move this -- you have to move the system and the right direction. for of these issues security and employment or climate change cannot be managed by focusing on quarter to quarter. you h

this is bloomberg. ♪ manus: i am manus cranny. forex report.s to believe mr. kuroda. the dollar dive. the dollar is dying across the board because the market lacks the conviction from the dollar reserve. the yen is strengthening and the dollar is declining. the euro against the dollar, we saw nice data coming from europe , spain and france. advancing to the highest level with the best winning streak -- and the dollar mexican peso is strengthening. downdds of a fed hike went and back up to 32% probability. so it is all due to your perspective on that. that ties in nicely with edmund shing, still with us. a quick word on the fed. we pulled up this on the bloomberg. you can input the gdp and inflation data. where should we be now? current fed rates are only half of that. the fed is behind the curve -- what do you think? edmund: i think that is probably correct. a rate in september is more likely than not. we think that could strengthen the dollar. again, you look at that unbelief of at the payroll, it is one number and it can be revised. these num

manus: i am manus cranny.ewsng the deutsche bank into context, type that into the bloomberg right now. what we have done for you, just bear with us. the white line is the size year to default for deutsche bank. this is the cost of a five-year credit swap, five years ago in 2011 at the height of the banking crisis. but the eye of the storm of the banking crisis, the cost of default back in 2011 was extremely explosively higher, where we are with deutsche bank right now. the question is in 2011, as our guest host, will explain a solvency issue and not profitability issue. this is in heart of the banking issue. is the systemic risk> ? makesand that chart things a little less worrying i suppose. we saw the respite for deutsche bank in yesterday's trading session. just to highlight what he is been saying overnight capital raising, is currently not an issue, accepting government support is out of the issue. they will hold out overcast worried about u.s. being overblown. that is deutsche bank. manus: the one thing i

manus? manus: thank you very much. the fed is not ready to hike rates just yet. the bank of japan has ended its policy, easing for longer. what next for global central banks? what does it mean for the global economy? this is bloomberg. ♪ manus: now, we have been talking about central-bank policy throughout the day, including relating to the vice fo finance minister of japan. he says kuroda's decision to shift to the yield curve is appropriate. >> since he took over in 2013, his easing of monetary policy has worked. to a appreciation of the currency and a further .ncrease in the equity prices of course, the positive impact of easing is now coming to the final stage. the performance has been quite good. angie: central bankers will remain in the spotlight this week with governor kuroda speaking this afternoon and the fed officials commenting this week. we asked j.p. morgan asset management what to expect. >> there has been such confusion over central-bank policy over the last nine months. anything that pointed to the fed lining up the market for a rate hike would be

manus: you've got it. is he going to be looking at the conversation that carney had with the parliamentarians yesterday thinking to himself you went hard, fast and early, can i justify that to the germans? caroline, great morning. lots more to come from caroline in frankfurt. there is one thing on the markets. let's get his truck desk let's get across to shery ahn. -- let's get across to shery ahn. shery: apple has announced updates to the iphone and a watch. the iphone seven includes at camera upgrades, a faster processor, a longer battery life and the new water resistant design. -- the bestitched iphone ever created but others were not so enthused with shares rising less than 1%. china's imports rose last month for the fourth time since 2014. the company's exporters enjoyed a cushion from the weaker yuan. shipments fell 2.8% when measured in u.s. dollars. --rose 6% and you want terms in you want terms. more than the government's initial reading of 0.2%. this gives the boj something to think about ahead o

as you said manus -- manus: a unique relationship.a: and not off-the-shelf like canada or norway, but a positive outcome for those who wish to trade goods and services, no reference at all for the single market. jeremy: i think the one thing we have to remember are the politicians who make political soundbites, and that is rather to the mechanics of the negotiations and the results. i think that is one of the issues we have to remind ourselves of, when we see angela merkel and theresa may meeting together, joint press conferences should not necessarily be believed in those press briefings because of course was happening behind the scenes. but i take the point i think there are certainly some hard stances being adopted here, at least in public. manus: and doubt from goldman sachs on the terminal today saying that really only when article 50 is invoked and we begin to understand the level of pushback from the franco german axis that we will see the pressure reassert itself on the pound. $1.20, talking about $.90 to the euro. is that one

this is bloomberg. ♪ ♪ manus: welcome back. you are watching angie lau. manus in london.t is one of those classic moments in the script where it says i read anything. welcome back to bloomberg markets. we are trying to get up to speed. alexis tsipras has repeated a call for debt relief, saying the country needs stability. an opinion poll shows his left-wing government is trailing conservatives with a general election next year. bailout inspectors are due in athens this year after warnings from the eu that greece has fallen behind in reforms demanded by creditors. volkswagen plans to returned to the bond market as it tries to move on from the emissions scandal. theceo says that while company's finances are not back to precrisis terms, it intends to reenter the debt market before the end of 2017. the scandal pummeled its stock price and credit rating. as -- asks witnesses to share with videos and photos of what went wrong. incident thels the most difficult and complex failure in the company's history. the falcon 9 rocket was engulfed in flames, and a cause has not been esta

manus: thank you. yellen has worked hard to preserve consensus among the members of the policy setting fomc, but that has started to fray. officialsents from showed a desire to tighten for the first time this year. philadelphia fed president told patric patrick harker told bloomberg that the federal reserve should lift rates. >> whatever you measure you look at, it is moving toward the 2% target. some of it is related to headline inflation. as we see those firm and increase, we will see the 2% target. i am convinced we will achieve that sooner rather than later. so, i am somewhat concerned about falling behind the curve. manus: jerome powell says policymakers should continue to be patient with a view of recent remarks from three other governors, including yellen. on monday, kathleen hays will be live at the federal reserve bank of england and have an exclusive interview with loretta mester. you can watch that right here on bloomberg tv, and catch it on bloomberg radio. anna: let's talk about the u.s. t

manus: and that could be the move. that could run to the currency effect, because if they buy better u.s. treasuries, or for that matter aussie bonds, that has an impact on currency. this is where i want your opinion. we have the euro-dollar. nejra find this morning. draghi's's cannot stop people run on the euro, but they morgan stanley said 5% rally to come on the euro. would you concur with that? is the rise of the euro inexorable? david: i'm not sure. i think the policy can stop it, if it wants to. but again, i think that is breaking a taboo. for me, when the currency cold war comes up, that if you actually start buying different currencies. look, the chinese did it. the swiss national bank has enormous foreign currency assets. europe and japan have not gone there, so far. but you, can sense of desperation especially in japan. what that is doing to inflation. equity earnings. momentum in the economy. i think all things have to be on the table. if there was a central bank that is going, i think it is the boj before t

manus: absolutely. and the prospect, anna, as well, trump and clinton go head to head in a national debate. where the price of a barrel of the saudi and will nation return to a swing nation? let's have a look at your risk radar. equity markets in europe are little bit lower. the dollar-lira is at the top. the lira has dropped 1.8%. moody's cut turkey to junk. erdogan says he is not that bothered about it. of course, snp cut the global ratings back in july. the lira has dropped by 40% since the federal reserve said the extra stimulus measures were finishing in 2013. the algerian oil minister, saying that actually, saudi arabia will possibly agree to a cut in can output back to january levels. what would that mean for the market? we are waiting for kuroda to speak. there is a whole variety of opinions out there on the yen market. we will hear from mr. yen a little bit later on. gradually, the yen will appreciate. japan's economy can cope with 9 5. it is the best performing her and see around the world. by

manus: welcome to "countdown." i'm manus cranny. nejra: i'm nejra cehic. let's see how things are opening. manus: down. manusnejra: absolutely. ftse 100 futures look like they will open 1.3% lower, dax futures heading down to look like they will open 1.5% lower. same for the cac 40. selloff wed-based could be expecting of the european equity market open. and also, looking at u.s. futures, when we see those markets open later on, s&p 500 looks like it could open down more than 1%. u.s. stocks saw their biggest loss since brexit on friday. this is concerned that global central banks are putting an end to monetary easing. we saw both stock and bond selloffs. manus: we did. this 30 day correlation between docs and treasury has turned negative. the view in the market is clear. they are readjusting their expectation level on what central banks will do. will the fed hike? will the ecb not consider any more qe? let's have a look at the risk radar. volatility is rising. at the end of last week, we asked what would cause it. vix ramped up, these stocks -- volatility

manus: let us touch on those briefly.ela merkel will meet with vladimir putin and she will want to see some validity to the continuity. the french and german leaders will try to push forward the agreement about southeastern ukraine. it has stalled and degraded in the last few months into constant fighting or at least shooting across the line of control. it is difficult to see what kind of breakthrough there can be. the russians are keen on this agreement. he would like to see it implemented that it is complicated for the ukrainian side. it is politically impossible for the ukrainian government to evelyn -- to implement this agreement. but the western powers also cannot abandon the ukraine. next, or from our exclusive interview with vladimir putin. we will get his thoughts on the oil market and china. stay tuned for that. toa: you also don't want miss our special report on monday at 5:00 p.m. u.k. time. this is bloomberg. ♪ >> vladimir putin tells bloomberg he sees an oil freeze with opec. a compelling case. hike.ual rate

manus: ok, let's get the first word news with david ingles. david: thank you, manus. financial markets have judged the first of three american presidential debates a win for hillary clinton. mexican's peso rallied from a record low and gold retreated. separately, in a cnn-orc poll, 62% said clinton won the debate. the ecb's mario draghi says european banks have probability problems and one of the issues -- have profitability problems and one of the issues is overcapacity. he also spoke to lawmakers about how to spur growth in the region. euro area toe thrive, we need to offer essential protections for the most vulnerable. manus: the bank of england's corporate bond buying program gets underway today. that boe plans to purchase 10 million pounds of sterling investment grade corporate debt over the next 18 months to help the u.k. economy whether uncertainty caused by the brexit mode. yuan borrowing in shanghai rose to a seven-week high as china's central bank pulled funds for the second week in a row. according to the funding sector, we saw a climbed to 1.24%, the highe

manus: thank you very much.e had a great story about blackberryr of them hanging up their tools and not making them anymore. they were responsible for so many innovations. -- s: anna: the paris auto show coming a year after the emissions scandal's. models -- new electric models. manus: we go straight paris with caroline hyde is joined by a a board member of the volkswagen brand -- the bmw board. thank you very much. i'm joined here by the head of sales for bmw. , we werevehicles talking about how this car show is all about electric. how do you fend off the competition? everyone unveiling one, how do you focus? there is a lot of unveiling but the car behind us has been three years on the market with plug-ins and electric vehicles just clicked over 100,000 sales. a lot of people talking about future, we are doing it too real customers right now and will build on that in the months and years to come your >> is the demand they are in europe? differentnt ways in countries. a lot of taxation supporting it. we are seei

manus: thank you very much. let's get into those markets. data in place standing by -- david ingles standing by. we heard some remarks from corona. -- kuroda. highest4 day, rsi, level since the insane rally in the spring of 2015. you have a lot of these risk assets on the way up. most commodities are also getting bid up. for equities, we are very close to one year highs. you look at financials and then you look at the resources. as far as the breakdown, we are looking at 70%, 72% maybe of stocks on the way up. 20% down, 10% unchanged. volumes are decent, not the best. have a look at how currencies are trading at the moment. a very weak u.s. dollar story. dovish, although he basically said as well that monetizing debt and financing deficits is off the table. 9/10 of 1%.own -- down 4/10 of 1%. japan, youout in look at the yields on the 10 year come all the way up until the 40 year, we are basically all the way back to the level of last month. -- of last march. the largeston losing streak in 30 years. the 10 year close to turning positive for t

manus cranny in zurich.ring you any loose of that an exclusive interview with france's energy mix -- minister. this is bloomberg. ♪ mark: i am mark barton. let's get the bloomberg business flash. nejra: abn amro has announced its ceo will step down after he said he does not wish to compete in turn. the dutch bank supervisory board has become a desk begun a secession process -- begun a secession process as it begins to implement cost cuts. ford intends to sell driverless cars by 2025. the ceo says the goal is to bring costs down enough to make autonomous vehicles affordable. the plan is to start with robot taxis for ride hailing and then moved to the wider public eye the middle of the decade. investors have not reacted favorably and see more focused on the company's profit warning. mark: the french energy minister says she understands theresa may needs to take her time to understand whether the new hinkley point powerpoint should go ahead. -- power plant should go ahead. >> no decision has been taken down so

manus cranny is there and he joins us. good morning. manus: anna, a very good morning to you.ging together the family office over half a chilly in dollars is going to be on the room. we are going to talk about a fee, below zero. politics, emerging markets. let's bring the man in who is going to run this group, josef stadler. joe, great to have you with us. good luck with the conference. half $1 trillion is going to be in that room. my question is wealth creation is getting harder and a zero bond world. it is not our guests have taken measures and relocated there -- they are going away from more public markets into private markets. they have taken strategies and hard positions. if you look at the yields in 2016, we are back at 5% to 6%. acceptare they dare to -- are they prepared to accept illiquidity? joe: there -- they are prepared to take the illiquidity premium. manus: a phrase by your on ceo, "paralyzing fear." where nine months into the year do you think investors are still paralyzed by fear? joe: i would not say they are paralyzed. we call it great wealth and by these fa

but, not having expertise in this area, i think manu suggested that we dpet a little more clarity around what does related by ownership mean directly and indirectly and so i think we'll continue to work on that, but i thought it plight be good to get direction and expertise from you commissioner tour-sarkissian in terms what to look and how to define this when the grant applications come in we can look at that and assess whether there is a legal relationship or not. >> we should look at other laws in the city and see how that is interpreted. but in my opinion is that any ownership interest in a property should be grant for disqualification. that is, if a you are a tenant and have 10 percent, 5 percent-any interest other than possessry intrest, ownership interest than that means that you have a stake and you ought not be able to benefit from the program. the second isue is, if a family member-say your father or mother or close family member is a owner of the property and you are the tenant, that also should be looked at and define what means family relationship to what extent and- >> righ

manus: i have read all 50 pages. any happy returns.ou create a grid and you say manus, there is a goldilocks scenario. goldilocksough what is possibly -- where markets are. >> the goldilocks idea is the sense of that you are going to start to see big coordinated fiscal expansion around debt that pushes of growth. inflation stays very low, the fed remains very dovish. you get ongoing qe. it is glass half-full. everything goes well for risky assets. we have seen a bit of a sense of that in the sharp rally since the middle of july. people have overstated the downside risk before that. there is a sense of optimism about the narrative around fiscal policy. we've seen a relatively dovish set of expressions from the fed and other central banks. that is too optimistic. manus: let's talk about the new discussion, the more prevalent discussion is that fiscal policy is on the way. i listen to your chief political economist and he said it is good be very present. how do i prepare for a potential kilis? who has the ability? how does impact the mark

manus: absolutely.n't presume there will be any new rate cuts for any additional stimulus. when it comes to the markets, there's a whole variety of views. it's all about the data -- mark -- 75 basis points worth of easing came into the market, quantitive easing, rate cuts. some people it's like a sledgehammer. have a look at some of the charts -- we got the data yesterday, that is expected by the bank of england and this is one of the strongest parts of the argument as to why he went hard and fast and in august. nine years ago the bank of england backstopped and it took quarters before the unemployment levels rose, more than a couple before the recession kicked in. i caught up with ross walker from rbs and he says the post-brexit commentary on the data is unhinged. he said now was not the end, it's not even the beginning of the end. question is when does brexit kick in, because we haven't even started article 50. the pm eyes -- they suggested there's a little bit of growth and even carney himself passiv

. -- manus cranny is there. manus: over half $1 trillion will be observed.come to listen to politics and markets. i have carson block, one of the speakers. of muddy waters research. you have a couple of it positions. you spoke with erik schatzker recently. are you still short? how sure are you? still short saint jude. we have never commented on the size of our positions. it is a meaningful position. we are still short. obviously, the next few weeks and months could see a number of interesting developments in that story. manus: the cyber community is split between what you are presenting and what saint jude is presenting. i am curious. we expect to hear substantive information. you asked me this question a week ago, then my yes.r would be absolutely, and now with the lawsuit that saint jude has filed recently, whether we release additional information now or we do it as part of court filings, that is all to be determined. certainly, we will be releasing more information on vulnerabilities but in terms of part of thet is litigation or outside of the litigation

cnn's manu raju tried to find out.sed him down. >> what do you think about trump praising putin last night? >> i don't have any comments to make. when you ache and haven't you're not you. tylenol® pm relieves pain and helps you fall fast asleep and stay asleep. we give you a better night. you're a better you all day. tylenol®. ♪ using 60,000 points from my chase ink card i bought all the framework... wire... and plants needed to give my shop... a face... no one will forget. see what the power of points can do for your business. learn more at chase.com/ink see what the power of points can do for your business. it's the big steak and crab bash... you get half a pound of sweet, snow crab legs... ...paired with our new tender center-cut sirloin... hurry in... the outback steak & crab bash starts at just $14.99... bloomin' great! starts at just $14.99... soon, she'll be binge-studying.. get back to great. this week 50% off all backpacks. office depot officemax. gear up for school. gear up for great. is it a professor who ne

manus: and i've manus cranny in london.unting down to the beginning of our trading day in europe. there is only one event, and that is mariota rocky and the ecb. you have the rate decision and what they are going to do, and in the news conference. i think what is interesting is -- marioota rocky's lookingill probably be at yesterday. will the ecb be acting head of the political rose -- of the federal reserve? last week, an executive members said they are encouraging signs of resilience. we get growth and inflation targets today, and we get them again in december, but this set of numbers produced today are done so by the ecb staff members, not the external board. where will the euro go? have will be bond market react? will they lower the rates at which the european central allowed to buy assets? a lookl of that and have at this, because this is the euro against the dollar. morgan stanley saying never mind the stimulus that could come from mario draghi. nothing could stop this bull run. from the ecb will be ineffective agains

guy: great stuff, manus. thank you very much, indeed, manus cranny joining us from the global sex conference in london. -- goldman sachs conference in london. great set of interviews. coming up, also throughout the show, we are going to be talking about the deutsche drama. germany's biggest bank scrapes the bottom as its future remains uncertain. does deutsche have lower to go? crude coasts. oil looks to elgin for direction. up next, the money moves to clinton. markets favor hillary after the first presidential debate. we take you through all the moves. this is bloomberg. ♪ caroline: welcome back to "on the move." let's get you caught up and up to speed on the bloomberg's is flash. here's juliette saly. juliette: thank you. credit derivative traders are expressing concern about deutsche bank's weakening financial help. they have been pushing up the cost of short-dated contracts declining faster than five-years. trading at aes are record low, falling 7.5% during monday's trade. a restructuring plan will be ann

let's get to manu raju on capitol hill. we should haven't to applaud when we fund the government, manu. >> remember that 2013 shutdown that lasted over two weeks. there's some drama but at the end of the day there was expectation there would be a deal cut and they did reach a deal. this would keep the government afloat until december 9 but attached to that are a bunch of provisions that are significant, including $1.1 billion to fund efforts to combat the zika virus. that package deal with zika funding had been fought over by the two sides for months stalling in the senate over a range of issues. that has passed. in addition to that money to deal with the opioid epidemic happening here in this country as well as $500 million for louisiana flood aid. what led to this package passing was a side deal cut between democrats and republicans to move separately an aid package to help flint michigan with its stanted water supply so watch for that also to pass congress and become law sometime later this year poppy. >> manu, thanks fo

is that correct, manu? maybe not. >> your are summarizing the regulation? i think that is correct. what you said sounds to me similar to what regina said. >> i'm confused. in this discussion my understanding is we are talking about subsidizing rent. the payment of that subsidy go thooz landlord, is that correct? the 4.50 per year per square foot, that check is written to the the landlord, is that correct? not written to the tenant. >> to the lond lord >> we know it goes towards rent. i don't understand what we are talk about here, some money going the tenant. >> if i can interject. the idea is that if landlords get grants 4.50 there needs to be a requirement in the regulations saying that landlordss if you get that money the purpose is help the business not unecessarily so if you get the money all has to go to lower the tenant rent. but, the idea is that if this is happening in the context of lease negotiation and the landlord agrees to limit amount of increase a very small percentage, then in that situation the proposal is that the rules would relax the requirement that the landlo

manus: saudi arabia aims to shrink the biggest budget deficit among the world's top 20 economies. projects worth billions may be scrapped. angie: winning temporary protection from creditors. stranded vessels can now enter port. makesap oil [indiscernible] more attractive. time to do more deals. angie: the fed president said the u.s. economy is in good shape and a rise is warranted. angie: it is just past noon. welcome to bloomberg markets middle east. williams ining -- his remarks. talking about not necessarily

our manu raju is live on the scene. manu. >> hey, wolf, right in front of the justice department with two senior leaders of the congressional black caucus are meeting right now with attorney general loretta lynch demanding more action to stop this escalating violence between police and inner city communities. we'll have more after the break. the right things working together can give you an advantage. like trubiotics with immune support advantage. its unique formula supports immune health in two ways. with probiotics that work in your gut. and antioxidants that work throughout your body. trubiotics from one a day. i know more about isis then the apprgenerals do. age. john mccain, a war hero. he's not a war hero, he's a war hero because he was captured. i like people that weren't captured ok. donald trump compared his sacrifices to the sacrifices of two parents who lost their son in war. how would you answer that father? what sacrifice have you made for your country? i think i've made a lot of sacrifices, built great str

my cnn colleague manu raju is with them. manu, they're carrying a letter to the justice department.letter? >> yeah, that's right, ashleigh. i'm hear right now with g.k. butterfield who is the chairman of the congressional black caucus. going to deliver this letter to loretta lynch. what exactly are you asking loretta lynch to do? >> we're facing a national crisis right now with police shootings all across country. every week we pick up the newspapers and see there's been another senseless killing of an unarmed african-american. and congressional black caucus is sick and tired of it. african-american communities are tired of it. we need federal intervention and we need it now. we're asking loretta lynch as the attorney general to use the full power of the justice department, the federal government, to get involved at the local level, to discourage police departments from allowing irrational and unlawful activities within their departments. >> have you not been satisfied by what loretta lynch has done so far on this issue? >> no, there must be more. we're not satisfied with the progre

manu raju, could you hear hillary clinton's press conference?d, carol. >> okay, just wanted to make sure. what stood out to you? what stood out to me, she said one of her goals to defeat isis would be to track down, hunt down, the isis leader just as the obama administration and hillary clinton track down osama bin laden. >> it was also interesting, how she doubled down on her assertion last night about keeping troops, not sending any more ground troops into iraq that was proposed by our colleague jeff zeleny. she said she's not going to get boxed in by making that assertion, even if she were to become president. she recommended, generals recommended that she do send in ground troops, saying that is not of course -- there's no pathway forward on that. also, carol, really taking it to donald trump and not backing down on the assertion that isis is essentially rooting for donald trump to be president. at the end of that press conference, talking about how -- the thing that donald trump has said has been a gift, in her words, to isis. so clearly sh

manu raju is covering this for us. he joins us now from capitol hill.d morning. >> good morning, carol. it's hard to believe but march 2015 was when the hillary clinton e-mail story initially broke. it's probably going to continue well beyond this campaign. particularly if hillary clinton becomes president. and why? because house republicans in particular are keeping the issue alive. today begins the first of three hearings in this month by the house oversight committee looking at some part of the clinton e-mail practices. today, house oversight committee chairman jason chafe felt t chairman jason chafe felt tes oh defended these hearings, saying they had to be done in order to get to the bottom. >> hillary clinton set up this could be screenant arrangement with herself. hillary clinton picked this time line. i know people are going to say it's the political season, i just got this information from the fbi. we are days, legislative days, after this happened. i flew in to go see and read the documents downstairs and i tell you, we're going to move in a r

manu, mike pence just released ten years of his tax returns. does that put more pressure on trump, which he has not done? >> absolutely. he released this friday night about 6:00 p.m., with i is typically the time are you trying to bury bad news. there was no smoking gun in mike pence' tax returns that showed he had an upper class upper middle income life. he had some financial strain with his family. taking out a college loan for his kids and earn less than $200,000 a year over the last ten years. it was not about mike pence. it was about donald trump. that's why they released this last night so the discussion would not focus on why hasn't donald trump release the tax returns? >> why not release them at all? >> i don't know donald trump will release his tax returns. mike pence realized he doesn't have that argument that donald trump is making he is under irs audit. that's why he is not releasing his. if you are donald trump, why not release them now? it could lead to a score of stories even more unflattering than the fact that he's decided to w

house republicans not happy with how the hearing went today starting with -- talk to me, ma manu, about the no show. >> that's right, brian pagliano, one of two clinton aides who helped set up that private e-mail server in 2009 didn't show up at the hearing today even though he was subpoenaed by the house oversight and government reform committee to show up and testify. this is the second time he has invoked his fifth amendment rights not to discuss anything about what happened here but this is the first time he didn't show up and house oversight committee chairman jason chaffetz, the republican of utah, was furious about this. he said that it's not optional. that people who are subpoena have had to show up and the committee would look at "all options" in its recourse in going after mr. pagliano. now democrats say the reason why he didn't show up according to mr. pagliano's lawyer is that they believe it's a partisan witch-hunt and they believe it serves no legislative purpose and they say the agreement that mr. pagliano reached with the fbi for limited immunity gives him protection in

this is about a united vision. >> so today in atherton manus, along with hewlett-packard ceo and reapin can meg whitman putx on a fund-raiser for hillary clinton and tim kaine, these democrats and republicans finding common ground. >> i've been a republican, ban republican my while life and i'm all in for hillary. >> as clinton prepares for the upcoming debates it was her running mates who spoke with supporters this afternoon. this republican is still unsure about clinton but liked what she heard from keane. >> he is articulate. he's knowledgeable on every issue thrown at him today. no teleprompter and he was a genuine candidate. >> reporter: this democrat hopes that voters can learn from the spirit of silicon valley. >> we work with people who have different political views all the time and we make these companies successful. we don't not work with somebody because they have different politics and i think that can be a model for what can happen in the federal government. >> reporter: and for man yutz choice is clear. >> they don't represent a party to me. they represent a >> reporter:

and manue raju. let me start with you, rebecca. how concerned should democrats be about the fact they're not leading by a huge margin? >> well, we always knew that this was going to be a very tight race. increasingly the political climate is very divided. you have fewer persuadable voters for the candidates to target. at the same time, there is real reason for concern, democrats are looking at what donald trump has said over the course of the campaign, all of the controversies he has created for himself with some of his remarks. and they feel that really hillary clinton should have closed out this race by now. but part of the problem was in august she was off fund raising. she want in the news, out there talking to the media in the way that donald trump was. and donald trump was able in august to actually recover his messaging a fair bit. he started using teleprompters a lot more. he started attacking clinton a lot more and focusing the conversation more than he had on the clinton foundation. and that i think we're seeing now ended

manu raju, thank you for joining us. let's listen to governor pence's reaction to hillary clinton and her comments on trump supporters last night. >> at a big fundraiser in new york city that the american people, the millions of americans that are supporting my running mate, were described in the most deplorable of terms. it's extraordinary to think of it. she referred to those people as irredeemable. well, i will tell you right now, i cam maypaign on a regular bas with donald trump. i campaign all across this country for donald trump. hillary clinton's low opinion of the people that support this campaign should be denounced in the strongest possible terms. the truth of the matter is that the men and women who support donald trump's campaign are hard-working americans, farmers, coal miners, teachers, veterans, members of our law enforcement community, members of every class of this country who know that we can make america great again. so let me just say from the bottom of my heart, hillary, they are not a basket of anyt

manu, thanks very much. manu raju reporting from capitol hill. >>> coming up, hillary clinton once again calling on donald trump to release his tax returns. this is new questions arising about trump's charitable contributions. we'll discuss it with a senior adviser to his campaign, jack kingston. you see him standing by live. we'll take a quick break. we'll be right back. farm fresh ingredients, step-by-step recipes, delivered to your door for less than $9 a meal. get $30 off your first delivery blueapron.com/cook. youthat's why you drink ensure. sidelined. with 9 grams of protein and 26 vitamins and minerals. for the strength and energy to get back to doing... ...what you love. ensure. always be you. >>> look at live pictures coming in from clive, iowa. donald trump, getting to address a large crowd. live coverage. stand by in philadelphia. meanwhile, another important event is about to take place. the president of the united states, president barack obama, he'll speak at that rally on behalf of hillary cli

he was ready, manu. >> yeah, he was.lly in this meeting that happened right beforehand, i was told this really did not come up. this is an hour-long meeting he had with house republicans after he met with speaker paul ryan. in that meeting, actually, carol, it was more of a pep rally more than anything else. they talk about unity, talking about how the party is doing better. pence trying to make the case actually to his colleagues that they have momentum behind the top of the ticket. even house republicans, i'm told, the leader of the house republican effort to keep the house majority said -- presented polling showing that mike pence and donald trump at the top of the ticket actually are not hurting down ticket candidates, actually may be helping in some areas. when mike pence came here and addressed the press, of course he expected that question. he really didn't deviate from what he said yesterday. trying to make clear he denounces david duke. he may not use the same terminology as hillary clinton. says he's not a name

manus cranny, walk us through what you are seeing.: risk has been reignited in the financials. it is about counterparty risks. eight institutions have with john some of their funds. -- have withdrawn some of their funds. is that a seismic shift? no. a complexion of read all the way around. where waiting for the opening sweep in germany. -- we are waiting for the opening sweep in germany. energy is down. europe has had a good quarter, 3.8% rally. we see the open price in just a minute. it is about what kind of systemic risk are they to the market? they have the one trillion dollars -- they have $51 trillion in exposure of derivatives. 27% is in currency. 12% is an equity derivatives. the have more exposure in the derivative market and jpmorgan -- in jpmorgan. how does the quarter play out? this is the gilt market. ownership of british government bonds in august has risen. .oreign ownership has risen they dropped in july for the first time since january. -- since february. the bloomberg barclays aggregate bond market -- bonds were uncha

stay with me, manu, before i bring my panel in to suggest this.our viewers back to moments after the rnc, ted cruz blasting donald trump. >> they asked every candidate there, if you don't win, will you support the nominee. i raised my hand and i raised my hand enthusiastically, with full intention of doing exactly that. and i'll tell you the day that pledge was abrogated. the day that was abrogated was the day this became personal and as i said at the time -- and i'm not going to get into criticizing or attacking donald trump but i'll give you this response. i am not in the habit of supporting people who attack my wife and attack my father. [ cheers and applause ] >> let's talk about this, manu is still with me in washington. also wanda summers and ryan williams former spokesman for mitt romney. ryan, let me go to you first. what's your reaction to this? this is. >> this is more about ted cruz than donald trump. it was foolish for ted cruz to give the speech at the convention. it angered his base and he realize he is has a primary coming up in 201

manus: saudi arabia aims to shrink the biggest budget deficit among the world's top 20 economies. projects worth billions may be scrapped. angie: winning temporary protection from creditors. stranded vessels can now enter port. makesap oil [indiscernible] more attractive. time to do more deals. angie: the fed president said the u.s. economy is in good shape and a rise is warranted. angie: it is just past noon. welcome to bloomberg markets middle east. williams ining -- his remarks. talking about not necessarily saying whether he is on the side hawkishg or being more when it comes to raising rates in september. he did note very importantly is at fullbor market employment and that there is no reason why the fed should not cut. all coming off the back of the latest active data, the latest in a string of unexpectedly weak data. the ims index there, just for a fedof a backdrop to the comments. what you are looking at here is of course the services gauge by the institute of supply management. that is at a six year low. what i have done here is i have broadened the u.s. gdp line and you

manus, good morning to you. what are we expecting today? market is not expecting anything more to medic from the bank of england. that was the real force sledgehammer that they pulled out. quantitative easing, buying corporate bonds, term lending for the banks. the question is this when it comes to their minutes, will the majority of the bank of england for rate cutse and 2016? -- in 2016? the parliamentarians are choosing -- it is all about the data. i got off with ross walker this morning and he says we are fundamentally misguided. what i might talking about? the on the planet numbers. unemployment at an 11 -- the unemployment numbers. unemployment at an 11 year low. he talks about the potential for unemployment heading 5.8%. this misguided view of the data that we have, unemployment does that play into the view needed that we need that much stimulus. that institution bailed out northern rock. this institution some would say has a responsibility to help the politicians to a certain extent, but hand over at a later stage. -- nobody knows w

manus: and i am

we had discussion whether to notify the businesses as well and manu thinks it is consisten with prop j to inform the business that who is property owner is receiving the grant to also be notified. >> i totally agree with that. we have landlorded who may mot pay attention to-they have other things going on and may be remote and as twee pointed out here, landlord s are not in the practice of reviewing their leases on a annual basis. they do a lease for a term for the very reason that reviewing leases is expensive so you they want to move on so you can anticipate a case where the landlord is like i forgot about that so think the business owner has got to know so they polk their landlord and say will we do this again or not. >> also, if they are not fully funded the business is able to anticipate obligation they may be held to for the rent. >> my understand ing is any short fall is passed to the tenant; correct? >> generally speaking, yes. >> the jeopardy is at the lessers level, not the owners level. ultimately. >> the tenant is a interested party and has a stake and there is no privacy

of assuming so constructionsu for removing abo appliance in the same and this report of some of the manu witness of that he kept in two different occasions. >> the officer reports that he recognized minnesotahe, the uni strictly the construction -- and this comes in, according to police report obtained by fox 8 news, comesali city permission s remove the planes. supervisor a beautiful.l no such permission. fans would remove flight return them cover put it on the outside no harm no foul. when university's please consul of the police you can prosecutors, he was charged wit theft. so that's constituents in brunswick and allegations embarrassing troubling. >> certainly i am concerned. >> that's all i can base my >> there's evidence in the driverin that is updating the landscaping on his own property. wnprotect the consequence of th story. there is no answer to store. was one person that he should b removed from office if that tha the allegations proved true. >> absolutely. his peers should -- they should replacement somebod else. he committedou a crime. still something. jack shea, fox 8 news