manus, we have a lack of talking. manus: and the dollar index is at the top.wo-weeksst saw high, oil restarting your dollar a little bit lower. since we had the opec agreement, rallying by 10%. the stock price declining by barrels, now we have venezuela and non-opec 1.2 million barrels of production pulled off the table. anna: in relation to those central banking stories in the fed and the ecb, gold was interesting. it was up this morning. but yesterday, futures dropped by the most in three years. was this all because people asking questions about the interest rate? we have a great piece on the bloomberg best is actually look to india, what the indian central bank did. hawkish, thatt so could be the reason we saw that moving gold in session your lettuce to the bloomberg first word news. here's david ingles. officials say that the bank is likely to gradually wind down bond purchases before ending the program of quantitative easing. now, they say that may happen at 10 billion euros per month. but the euro climbed to a three year high against the pound, as mario

manus: and i'm manus cranny. algorithms abound in the market, smashed down 6% at its worst point today, but that is nothing. on the brexit day, we dropped by over 8%. we dropped by 6% and saw it come back to a decline of 1%, standard deviation. there they are. this is one standard deviation, two standard deviations. has dropped by approximately one and a half standard deviations. goldman sachs says there has been a big psychological break. that break of 120 changes the dynamic. on one platform, it traded down to 113.78. hollandether francois had something to do with it during a very low volume period of trading, that is something to consider. let's start the risk radar around the pound and show you how we are recovering. the pound was selling against a number of currencies, not just the dollar. we have recovered a bit, that we are still down 1.5% against the u.s. dollar into down by 1% against the euro. we have seen is essential move, or the great british selloff. manus: the break even, this is the crux of the ma

manus, thank you. has reported an unexpected third-quarter profit of lower than estimated litigation and restructuring costs. shary: net income was 256 million euros, compared to analysts average forecast of 394 million euro loss. cuty: john cryan has jobs to set up capital buffers. bloomberg customers can follow all the deutsche bank news on top life. roseays has said profit 35% in the third quarter. pretax profit climbed to 800 37 million pounds as revenue from fixed income trading surged to the highest in more than two years. that may help the ceo convinced investors the advantage of keeping an investment bank after he posted lower returns that lenders of other businesses in recent years. amid lowered loss energy prices and reduce its projected investment this year's. the first of major oil companies to report earnings says the loss was $261 million. that missed estimates of a $136 million profit. shareholders of samsung electronics have elected a 48-year-old error apparent to the board. that came a

manus: i am manus cranny. the reach for yield, what we search for for personified in dollar-yen.the dollar having the longest rally since. march what we have here is five-year. the white line with the five year yield between the u.s. and of course japan. and this is again against the dollar. we know it is appreciating your we have a bit of attorney dollar had a nice run for the past seven days. what can stop that? the real yield, talking about .57 yield,ve japanese are -.48. that could drive money back into the yen, the stop the traded bullish bets on the yen, anna, for the much there a record high. it looks as if this reach is what is going to try the next move on dollar-yen. anna: hedge fund expectation setting up for further gains in the yen, not something the boj would want, and ominous signal to the rate coinciding with the japanese currency inflation divergence. we will talk more about that through the show. let us bring up the risk radar, show you the long-term picture, at least the last seven days in w

manus: i am manus cranny.wo issues to deal with, but china -- good china's january trump everything? it could come back on the risk issue.exports live . what we put together, anna, capital flight from china. #4242. 2015, that has abated somewhat. but the drop in the yuan the question we must ask, ourselves, this is portrayed data. six-year lows. the timing all adds up to a rather heady cocktail for the last three trading months of the year. anna: concern about chinese trade, global trade really moving around the markets today.next week we get gdp number from china. focus on that, didn't really take a 6.7% for third quarter in a row? some people pointing to the weakness in the chinese export to the u.k., and europe during the brexit conclusion. but you can find those all over the markets if you really search for them. let's have a look at the risk radar and bring you up to date come a asian equities under pressure. hong kong is a weak spot. concern about the trade. u.s. futures looking weak. and the minutes fro

manus: a shipping megamerger. japan's three biggest lines to merge their container units, boxing up 7% of global trade. angie: south korea plans a $10 billion boost to keep it struggling industry afloat. manus: on a rope. saudi stocks extend their best streaks in two years. concern about a crash crunch eases. angie: and the polls tighten as the clinton e-mail story ignites. top democrats say a law may have been broken. manus: just on 8:00 a.m. across the emirates, 5:00 a.m. in london. i'm manus cranny in dubai. angie: and i'm angie lau in hong kong. welcome to "bloomberg markets: middle east." you know what we're watching today. it is about commodities here. around theeal swirls mindset of not only the middle east, but here in asia and across the globe as oil extends the decline here. whether or not it is going to intellect that reflation story that we might be seeing in 2017 on the back of a deal, and higher oil prices. right now, we are seeking a split. and whether or not we're going to get a deal in november, m

manus: lauren it's manus alongside anna here.s is a coalescing of minds and investors and a whole host of people coming together. give me a sense, will business get done today? will there be a marriage of capital with ideas? is this the seed bed for real business? >> yeah, sure. t's -- it's real business. tonight they're going to be, the prizes that will be given to new technology, we as sponsor on water and -- water treatment. i cannot give you the name yet but you will have the name tonight at 7:00. anna: ok, we'll look out for that. in the wake of the brexit vote, where excites you most in the technology speas? you said tomorrow is happening in paris right now. we're interested in paris, are you interested also in dublin, in berlin an other places in europe? >> sure, it's not paris, no. it's happening here in paris today but no, no. it's europe. brexit or not brexit, it's happening all over the world. it's just the fact that it's in paris today but no, no. the technology space is vibrating all over the world, no. manus: you ob

manus: thank you very much.ing up on the program here on daybreak -- daybreak europe, we get the latest on the employment numbers. the while the linear region holdout against eight you trade deal. we assess the implications for the u.k.. look at what the future holds for the world's oldest bank. this is bloomberg. ♪ manus: it is at 1:45 a.m. are big. we have rising equity market. let us get a bloomberg business flash. monte paschi plans to cut about 2600 jobs and close 500 branches and sell that debt as they try to attract investors to a turnaround key to its survival. it is targeting an annual profit of nearly eight alien euros. shareholders will meet at november 24 two uproot a plan to raise capital. -- earnings excluding some items. europe's second-biggest drugmaker by sales which is also grappling with a slump at its eye care division is banking on its new heart and psoriasis treatments. twitter is planning hundreds more job cuts to be announced as soon as this week. workforce orits around 300 people may be

manus: the new u.k.lor philip hammond has shoved the balanced budget goal to a carefully targeted investment to offset the economic shock that is forecast because of brexit. hammond: when times change, we will change with them. we will no longer target a surplus at the end of this parliament. but, make no mistake, the task must continue. that was the chancellor of the exchequer here in the u k the uk. we know the timing, we know the process, we don't really know the end goal, and we know a little bit about the fiscal environment. simon: from philip hammond, who is a case of evolution rather than revolution, the fiscal balance at the end of this parliament, that had long been signaled by his predecessor, george osborne. i think what we are starting to get a picture of is those real to how thes government is going to evaluate what the vote meant. it meant a vote to control borders and leave the european courts of justice, certainly in the mind of the current government, and therefore, exiting of the single

tracy: and i manus cranny. anna: we are getting excited about of these numbers out of the banking sector. 4.6 billion euros, which is ahead of the estimate at 4.5 billion euros. if we could come down to the third quarter, the net number is $1.695 billion. the net interest income is coming in at 7.8 billion euros in the third quarter. the ratio is fully loaded at 10.47%, versus 10.36% in june. so, it is moving higher. little bitatio is a lower than it was in june. it was 4.29%. bad loans are moving in the right direction. we know she has been looking to take the measure of financial strength from being the second lowest among the large european banks. she wanted to take that higher. lots of detail, no doubt to come .k. economy inu brazil. these economies have been a source of stress for the business. they have already warned about slower credit demand in mature markets. santander executive vice president and cfo will be speaking to bloomberg at 8:15 u.k. time. we are getting numbers from airbus as well. the play

manus: great work on the ground. tuned because anna and i will have a conversation with the executive director of the iaea as he publishes his monthly oil report. anna: we are joined now by philip short. with that oil conversation in a broader context. let us look at the oil story. we are at 51 on wti and 53 on brent. how much upside is there for the oil price? that wee not convinced will see oil heading back into the stratosphere. we are still looking at a $60 a-term rate around barrel as a working assumption. what has changed it is not so much the equilibrium rate but the fact that we are getting there sooner than we thought. ofworked on an assumption the end of 2018 and that has brought -- that has been brought forward by a year or so. manus: a shot in the arm. --, the 40 day correlation the correlations are high. this is good for the markets and middle east and inflation. >> it is good for inflation. i think it is as long as you do not see too much of a surge in oil. that is true of the stock market. at the begin

manus: hold those thoughts. the high court in northern ireland will rule on the legitimacy of article 50. stay with us. ubs rose 11% in the third quarter as costs decline. climbed beating analyst estimates. the world's biggest manager of money says it will continue to cut costs. we will be speaking live to the a.m. u.k. at 6:45 time. e&p hurray about has -- bnp paribas has reported third-quarter profit.. a team of citigroup traders generated $300 million of revenue this year. people withrding to direct knowledge of the matter who say the windfall -- knowledge of the matter. traders can still make outside after regulators thought to curb risk-taking. that is your bloomberg business flash. >> u.s. third-quarter gdp is released at 1:30 p.m. london time today i had of next week's fed decision -- ahead of next week's fed decision. still with us from frankfurt is president, present -- of the peterson institute. if you are looking at the u.s. economy, one could argue that you could look at it both ways. the state of th

manus: and i am manus cranny.s pink line shows you very positioning, and this is the inverse correlation s performance and the rally of the mexican peso. last --e, the peso has lost nearly 9% of its value since the risk of trump. anna: it is different than last time, and that is because of the revelations over the weekend, the end of the last week, around the republican candidate, so as you said, manus, it pulls back a little bit. i would show you where we are on the mexican peso and where we are on the pound. this is as theresa may looks to build on understanding in brexit. the fed minutes are in play. you have got me mexican peso. the last time the mexicans onually intervened was february 20. you have also got canada on the move, and nymex crude is down. currency isinese also in move, the yuan. since the lowest september 2010, and that was a weeklong holiday, when the dollar was stronger, manus, asking if they would allow it to weaken just a little bit. and the price of oil in there, as well. we are focusing in

manus: thank you very much. hays number at 7:00 a.m. increase year for the 14th consecutive quarter. rises quite nicely on the basis. europe and the rest of the world up 33%. they started the new financial year well. let's welcome the cfo to the show. it is paul, the finance director. good to see you. we are beyond the three-month mark in terms of brexit. what has changed since the last time we sat down? the: outside the u.k., thinking continues to be strong. an all-time record in germany. europe on the back of not a lot of economic growth. it is a combination of people getting along with their lives and we see a lot of structural opportunity. the asia-pacific, it is the third-largest business. growth accelerated to 8%. the americas look good. it is down ink., this quarter. one of the ways of looking at it, we were 7% down in the previous quarter. we talk on this program about the process slowing in the u.k. and declining going into brexit. all the businesses came back to the u.k. in september. they have replace

manus: you mentioned the elections. at the aussie dollar -- it has carried its short aussie bets and schizophrenia with the mexican peso. everything you see now coming through on the election over the weekend, has it shifted your thinking at all? do you think the differentials, do you believe them? do you believe the clinton differentials over trump? guest: we have learned to be more humble when it comes to talking about election results. i think it will be close. it is not just the comments we have heard recently, but also for some voters, what they see as republican economic principles and so on, which they will believe in and support regardless. what has changed however is your democraticsdiscuss getting the house, not only the senate. that would be a significant shift for the outlook of the economy. that is what has changed. we always knew it would be close. house,happens in the that is what is going to be more significant for the economy. nejra: down to morris is staying with us here on daybreak europe. manus: the

manus: you are very welcome to "countdown." i'm manus cranny in london. wards atd i'm anna ed the conservative party conference in birmingham. march 20th, 2017, that is the date we heard yesterday from prime minister theresa may. that is when she said she will trigger article 50. it seems britain is set on cour se to leave the eu. we heard a lot about timing yesterday and about process. more on that later in the program. but we heard very little detail, and we will not get very much it seems about the relationship between the eu and the u.k. we heard little about immigration and trade at the conference yesterday. in fact, theresa may rejected there is a dichotomy between those demands. we will reveal more about what we heard here. philip hammond will be here, distancing himself a little bit from the policies of his predecessor. we might hear about house building as well. but today, we need to hear about bank andt on deutsche what the speculation has done to the asian trading session. manus: there is no doubt about it. when we look at the pound in a moment

manus: "on the move" is up next.his is bloomberg. ♪ welcome to "bloomberg markets are co-i am guy johnson, alongside caroline hyde in berlin. plunge and it caused to catch its breath. the prime minister gives some ground to parliament. we speak to the former boe governor. the federal reserve rate that for

manus: thank you so much.e will talk about phillips and the ceo joins us. ♪ >> you are looking at the imperial palace and this is edition of daybreak is available and let's take a look at some of the main stories that are making it to the top of the agenda this morning. the party in spain is this signalsde and 10 months of having no government could come to an end. thise currency is touching they are looking at the end and it isr and something that the city of london is not willing to -- we will finalize on this and they seem to be fixated on the investors. >> let's talk about phillips the treatment business improved. joining us now is the ceo. thank you for joining us. where are we with how we want to be? self-help still the mantra? transformed phillips focused on driving health care solutions and we are helping customers get this at a better cost and we are able to streamline the internal we will getnd efficiency in the operations. that is a good basis and i can point out the growth is an the united states w

manus: coming up, the sky is the limit.he planned expansion of heathrow and how it this increase attractions -- attractiveness as a hub. this is bloomberg. ♪ ♪ tracy: welcome back, you're watching "bloomberg markets: middle east," live from dubai. story there is only one from the time i just left, it is heathrow. here is a man who knows a thing or two about running an airport and all of the issues involved in it. paul, thank you for joining us. i left london the other day out of heathrow. my question for you, has theresa may made the correct decision and going for an expansion of heathrow? paul: absolutely the right decision. no doubts in my view. it is about 50 years too late. it is going to be a long process. unfortunately the bureaucracy in the u.k. seems to be the world's most refined and comprehensive when it comes to strangling infrastructure projects so whether they will over built this and not, we'll have to wait and see. i don't think it will be in the next 10 years. see a ceo saying he had no confidence in heathro

manus: i'm manus cranny into by. you have some honda news. anna: absolutely. we have some breaking news and we will get straight to that. we are getting numbers through honda, listing their operating profit outlook to ¥650 billion. as always, the japanese carmakers are focusing on the quarter they just reported and the forecast. in terms of those numbers coming through, then raising their full-year operating forecast 8.3% to ¥650 billion. that's the focus for markets this morning, but the big question is whether the yen, the strength of the yen, which is up by 15%, against the dollar this year -- how much is that going to weigh on the profits at this business, but not by enough to stop that from raising their operating profit outlook. this is a company that has had record overseas production, so there's strength in the production numbers, but the yen was seen as something that could take the edge off. not so, and the company raised its operating profit outlook. that's what we are getting from the japanese auto sector this morning. yousef is here in london. i g

. >> manu raju is following the debate.eople will be able to account questions of these two nominees. is there any indication how much this apology is going to be part of that conversation? >> well, you have to assume it's got to come up. the way this format, is exactly how you said. is that these voters who are at this town hall will actually be asking questions to the candidates, and the moderators, including our own anderson cooper. we'll have the opportunity to follow up and ask questions in regards to whatever topic comes up under the sun. so it remains to be seen what will be on voters minds, will they bring this up? will they not bring this up? and that's really, unfortunately as i said, we don't know the impact that this video and donald trump's apology is going to have on the election. we don't know how it's going to affect voters. there's been a lot of controversies over the years. this one feels a lot different because donald trump was forced to apologize, something he's not done in past controversies. republican

we have manu raju joining us live this morning. to speed, manu. >> reporter: that's right. donald trump came into the debate with one goal. he needed to end that crisis that had been engulfing his campaign since the friday release of the access hollywood tape. what he delivered was a bombastic performance. criticizing hillary clinton for having hate in her heart and threatening to throw her in jail. now when he was asked about the access hollywood tape, he didn't apologize. he actually dismissed it. >> this was locker room talk. i'm not proud of it. i apologized to my family. i apologized to the american people. i'm not proud of it. this is locker room talk. yes, i'm embarrassed by it. i hate it. it's locker room talk. it is one of the things. locker room talk. i'm not proud of it. i'm a person who has great respect for people and for my family and for the people of this country. certainly i'm not proud of it. that was something that happened. >> reporter: now there were other note able moments at the debate. including donald trump

manus: and i manus cranny in london. good to see you both.re counting down to the beginning of european trade. there is one story that is pervasive in terms of shifting the risk. it ideutsche bank and what happens next. we understand the bank may be seeking agreement with the --ons for over 1000 national 1000 additional job cuts. bloomberg is covering the story that shareholders are suggesting, pullback the bonuses and provide provision for additional capital. this is the 20% demolition derby that went on more recently on deutsche bank. here is the msci world index. riskan see across the spectrum, we are seeing that kind of relief coming to the market. will the department of justice be fined less than half of what was speculated? there was talk in the market that could be $5 billion. all of these stories are adding to the deutsche bank really rally. on the other side, there is the additional litigation arriving at the doorstep in terms of litigation from italy. we will discuss the bank's story in all its nuances today. we have a great special

manus: the one big worry you had was the bond market, the inflation market.omeone said we are within a whisker of our target. the five year for the u.s., it is rising but are we missing -- ?isinterpreting they are miles away from the target of 2%. japan, i thinkf i should qualify myself. peter: they are away from the targets but they are getting closer than they were. 12 months ago or at the beginning of this year. this is one of the charts we 10 year if you look at break evens, inflation is tracking higher. even in europe if you were look -- looking at five-year inflation, that is also tracking higher. anna: thank you for you staying with us here on the program. thingswe will talk all banking, that is an exclusive interview at 10 a.m. london time. next, a little bit more daybreak. more.nnot ever have this is bloomberg. ♪ anna: this is daybreak at 7:20 a.m. in london. just before daybreak. the pound under pressure again. let's get the firm -- bloomberg business flash. says it seeson early signs that commodity markets are rebalancing with oil and natural gas d

our cnn senior political reporter manu raju in st. louis with more. good morning. >> reporter: good morning, carol. house republican leaders are expected to tell their members today that if you don't want to support donald trump, don't feel like you have to. you can run away from him if you need to because right now, this party is in self-preservation mode, particularly after this weekend's developments in that video of donald trump and that "access hollywood" interview with billy bush bragging about groping women. the republicans obviously we saw over the weekend running away from him. but that debate performance may have stopped some of the bleeding, at least what i'm hearing this morning in talking to republican officials. they are not expecting a mass exodus today. they believe that donald trump at least cleared a hurdle to keep some of the party behind him. one person, very important person is house speaker paul ryan. we know he had a very difficult time getting behind him initially. later endorsed donald trump. right now, a source with paul ryan

manu, thanks. >> keep us posted. get to the iphone and see what you can find out. >>> we know at least one republican who is standing by donald trump right now. his running mate is standing by him. mike pence told cnn a short time ago that trump expressed genuine remorse, he thought, for what pence calls offensive language. mike pence also says it's absolutely false that he ever considered withdrawing from the ticket. >> cnn's phil mattingly is live in washington with much more on this. the fact that it is news that the running mate is sticking with the presidential candidate, that's pretty amazing. >> reporter: yeah, if your baseline for victory after the debate is your running mate did not decide to jump off the ticket, last night was clearly a rousing success for the trump campaign. but seriously, if you look at kind of manu was laying this out well, where republicans are today compared to where they were 48 hours ago, 24 hours ago, there's a feeling certainly within the trump campaign that they are in a much bett

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

thanks to all of you, lynn sweet, paul singer, and manu raju. so much. >>> still to come in the "newsroom," mandatory evacuations as hurricane matthew heads toward the united states. we'll have the latest for you next. we asked people to write down the things they love to do most on these balloons. travel with my daughter. roller derby. ♪ now give up half of 'em. do i have to? this is a tough financial choice we could face when we retire. but, if we start saving even just 1% more of our annual income... we could keep doing all the things we love. prudential. bring your challenges. sureor put themhave ston a rack.e tires. but the specialists at ford like to show off their strengths: 13 name brands. all backed by our low price tire guarantee. yeah, we're strong when it comes to tires. right now during the big tire event, get a $140 rebate by mail on four select tires. ♪ real milk vs. almond milk protein show down milk wins. 8 times the protein, less bathroom breaks. inside everyone is an incredible cook, someone who can cook an amazing meal any ni

let's go to manu raju from st. louis. walk me through this stunning face-off with trump and speaker ryan. >> reporter: this has been going on for several months, as you recall, right after that presidential primary when donald trump became the presumptive nominee. paul ryan decided he was not ready to endorse donald trump. they spent several weeks trying to come up with a reason why paul ryan should get behind donald trump. eventually, he did. paul ryan spoke at the republican national convention. then a few months later, donald trump said he's not ready to endorse paul ryan for his primary. that led to a back and forth. eventually donald trump said he would endorse his re-election bid. then in recent weeks they have been on the same page. paul ryan has been making the case for a unified republican washington saying it's a binary choice with hillary clinton and donald trump and that's why he's selecting donald trump. but it all changed after the release of that video. paul ryan disinviting donald trump from that saturday

manus cranny.al radio from bloomberg, check that out, worth listening to first thing in the morning. nintendo is out with an announcement, cutting its profits outlook, operating profit to ¥30 billion to y45 billion. a significant drop. we will see how the shares opened tomorrow. the stock and want to focus on right now is bayer. their third-quarter profit unexpectedly grew, powered by a prescription drug unit expected to do pretty well. this remains a little skeptical. monsanto closed last night at 101.4. let me show you the share price, well below the offer price of 128. let's show you what's happening on my bloomberg. regulatory clearances the main concern. these lines here were the offers that came through, top at 128. you can see where we are trading right now. what's going on here -- this is a big acquisition. the other thing is the chemical sector is very much in the state of flux. we have other megadeal going on. 's agenda, cam china, deposit -- syngenta, chem china, to ponte. we're joined b

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

>> manu raju breaking the news. now we'll discuss it, thank you my friend, i've got ryan liza, maeve reston up for us today, and nia-malika henderson. nia, to you, paul ryan only needs a couple defections and that would hurt his number he needs to hold on to a speakership. how big a deal is this? >> it's a big deal in terms of his political future, a big deal in terms of who is dealing with whoever the next president is as the speaker of the house. and it's also flashbacks to what happened to boehner, right? in some ways it's the same force that led to boehner's departure. if you look at the folks who are surrounding donald trump now, people like steve bannon, they very much didn't like the establishment and too-polite wing of the republican party, now you have paul ryan going up against trump who's obviously backed by steve bannon and bannon is branding the donald trump campaign in a very media-savvy way and so, yeah, i think it's a flashback to that and paul ryan has to decide what he wants to do, right? if he wan

caroline: manus, i pick it up from here.s turn our attention to risk aversion today in the back of those chinese numbers, particularly the miners getting hit. let us get to the director of play thefor how to ftse. it is very near its record high, but you have been finding ways to potentially go with the ftse, but more on the options insight. >> yes. we have got quite a lot of brexit related trades. the three portfolio managers are doing something quite interesting. as the pound folds, we know the large international exposed companies do very well. there has been a significant re-raising. they are able to generate profits over the long run, but there relatively fully valued. we do not think owning the ftse outright is a particularly appealing risk reward. it is not better than other potential investments. gerry: what you can do if you have a significant bias toward the ftse 100. going down, whether it goes up or sideways, or if it is not going down, then selling puts the premium is -- for the premium is really appealing. that

let's go to manu raju. the debate news making to say the least. >> reporter: john, huge night after donald trump losing this race nationally and crucial states. overshadowed that he may not accept the results of the election if he loses. immediately afterwards, the trump campaign, republican officials, moving to clean up donald trump's remarks. here's kellyanne conway speaking to dana bash right after the debate. >> donald trump will accept the results of the election because he will win the election. >> what you just said is he will accept. you are telling me on election night, if he is waffling, you will say, mr. trump, no matter what it is, obviously, it won't be a big deal if he wins. you will see mr. trump, this will happen and you will accept the results. >> yes, i would say that. i would say congratulations, mr. president. >> reporter: now reince priebus, the rnc chairman, making similar remarks. donald trump will accept the election results. we have seen repeatedly that the staff says one thing and

it's worth drilling down on what manu is talking about. there have been so many inflammatory comments in the course of his campaign he's come back from. the republican party is abandoning him. you can go through members of the republican party and manu laid out the dynamics there are swing state senators who are afraid about their reelection prospects. senator mark kirk. you have people like mike kaufman, a representative in colorado who is in a swing district. all of them calling on trump to step aside. then you have people of the utah delegation, really rock rib conservative republicans like jason chaffetz rescinding his endorsement. mike lee who never endorsed calling on donald trump to step away. we've always seen republican leaders condemn some of trump's inflammatory remarks. this is different. you have people who have always condemned him like ben sasse who said it's time for trump to step aside and let mike pence have a shot. that's the sentiment you're starting to hear more and more. people wantsing donald tru dona step aside. the

manu raju, many thanks.ill the democrats' efforts pay off at the top of the ticket and for down ballot candidates? with me, cnn executive politics editor mark preston. i must say, just looking at marco rubio, he doesn't appear to be having much fun. >> well, what's interesting is manu has said he was going to leave the united states senate. he didn't seem to really enjoy being in the u.s. senate. for whatever reason, perhaps cajoling by republican leaders, he did decide to get back in the race. manu is absolutely right, if it was anyone else on the republican ticket right now, that seat would go democrat. right now, rubio is favored. >> so there's nothing the democrats can do should i guess harry road was behind this influx of money that's coming in. is he wasting his money and time? >> no. i wouldn't say he's wasting his money because look, if all of a sudden you see an amazing wave come across the country, you can see the likes of marco rubio get knocked out in an anti-trump wave. what we are seeing the pa

peter manus: there is no doubt about it -- manus cranny.there is no doubt about it, there is a huge issue in the market. trade that really do hold up in the market. the disputes are going to be prevalent. equities around the rest of europe on the side of financials . deutsche bank is going to be the lead. german production coming in with a rise of 1%. this is the sterling flash crash . this is the brexit day where we dropped by 8%. we broke the bandwidth of standard deviation. we down 1.5 standard deviations. you want to see this chart. 4108, the break of 120 opens up a new channel on the downside. 105 could be on the cards. great british break off. .he break evens are rising the consequence of the slowest sterling -- of this lower sterling is felt everywhere. the break evens rose by 24 basis points, the biggest rise since 2013. it futures are down 70 points on the opening trade. we have a drop of 70 on the overall gilt market. this is where the real pressure begins to come to bear with inflation. rising follow the wrong reasons. mr. hammon

john and christine. >>> manu, thank you so much.or mark kirk seemed to mock or question the heritage of congresswoman tammy duckworth. watch this. >> my family has served this nation in uniform going back to the revolution. daughter of the american revolution. i bled for the nation. i want to be there in the senate when the drums of war sound. people are quick to sound the drums of war. i want to be there to say this is what it costs. this is what you are asking us to do. if that is the case, i'll go. families like mine are the ones that bleed first. understand what we are engaging in and hold allies accountable. >> senator kirk, 30 seconds. >> i forgotten that your parents came all the way from thailand to serve george washington. >> all right. so tammy duckworth was born in thailand. her mother is chinese. her father is a veteran who traces heritage back to the revolution. when you are hearing kirk's comment and we heard it all morning, it is hard to figure out what he was going at there other than some kind of a racial reference.

senior political reporter manu raju has the latest on all of this.ed are republicans about so-called down ballot races? do you expect ads like this to start appearing elsewhere? >> yes, they are worried, and, yes that is the hope. when i was talking to a source who helped get that ad that you just played on the air, starting today in new hampshire, it was explicitly with the hope that other like-minded conservative groups, more establishment-oriented republican groups, like the chamber of commerce, will turn their attention, and more importantly their resources towards the senate exclusively. now, that is effectively what has been going on with regard to money, but message is the difference here, and that's what made that ad that you just played different from what we've seen in that it makes pretty clear that this republican group believes hillary clinton is likely to be in the white house, and the message to voter is -- you want to keep your republican senator in this case, kelly ayotte in, and you want to keep a republican majority as a check and

let's begin with political reporter manu raju. he is live in las vegas. manu? >> reporter: good morning. donald trump needed a commanding performance to reverse the sharply declining poll numbers we have seen since last month's first presidential debate. for the first half hour, he delivered a precise argument you could rile up voters on abortion and supreme court. then hillary clinton got under his skin on the issue of russia and then this happened. donald trump refusing to say he will accept the election results. >> i will look at it at the time. i'm not looking at anything now. i'll look at it at the time. >> are you saying you are not prepared? >> i will tell you at the time. i'll keep you in suspense. >> chris, let me respond to that. that is horrifying. every time donald thinks things are not going in his direction, he claims it is rigged. >> reporter: suggesting her e-mail use is disqualifying. >> she should not be allowed to run. she is guilty of a serious crime. >> reporter: clinton changing the subject of her wall street speeches to russia and pressur

manu, we appreciate it. manu raju in st. louis.nk you. >>> let's talk to -- get more of the gop reaction here. mitt romney piling on here as well. his quote is hitting on married women, condoning assaults, such violent degradation corrupts america's face to the world. that was his tweet last night. cnn phil mattingly outside trump tower with more of the fallout. phil, first of all, what are you hearing possibly from the gop? >> reporter: well, look, the push back, the blow back is sustained. it's very real and it's a level we haven't seen before. it's important to drill down on what manu is saying here about swing state republicans, about what this means down ballot. advisers i've been talking to in battleground states n key senate races they are horrified by what happened. in the just because of the content of the tape which was obviously terrible what it means for the party in general. take a look at four republicans who said flat out donald trump needs to step down from the ticket. senator mark kirk, mike lee, virginia represent

manu raju in madison, wisconsin, will paul ryan is set to speak laters think morning. you have a sense exactly what he's doing to say? >> reporter: that's right. the first time paul ryan actually addressed, answered questions, since he made that decision on monday morning telling in a private conference call the house republicans, he would no longer campaign with donald trump. would not defend donald trump. since then has not answered questions. as of yesterday speaking to business leaders, going to answer questions 30 minutes. decided no the to. today he's going to answer questions from college republicans here in the university of wisconsin campus, and likely the question about donald trump is going to come up, and expect him to really talk about focus on why, explain and clarify, his position about why he is focusing on saving the congressional majority right now. and that will be his focus going forward. there will probably be questions about a lot of things that donald trump has said over the "access hollywood" tape, these allegations coming out. don't expect paul

let's begin our coverage with cnn's manu raju live in vegas. what's the latest, manu? >> donald trump's path to 270 electoral votes is getting increasingly narrow. his polls continue to show him losing nationally and in a lot of these key battleground states. so he's lashing out at the media, the political establishment and the rules by saying it's all working against him. >> they even want to try to rig the election at the polling booths. people that have died ten years ago are still voting. illegal immigrants are voting. >> reporter: donald trump ramping up his unfounded claim that the election is rigged. >> you look at what's going on in st. louis and many other cities. there's tremendous voter fraud. >> his willingness to accept the election results. if he loses now in question. >> mr. trump, what if there is overwhelming evidence of any kind of fraud or irregularities -- >> reporter: trump frustrating many republican leaders who are rejecting his allegations of rigging. >> as a republican i want to reassure donald trump and all ohio voters and voters across the co