we will turn out to mark crumpton with bloomberg first word news. rk: whole show the democratic party is set to win a majority in the house of representatives. the cbs news survey predicts them are kratz will win 225 seats, just beyond the number they need to maintain the control. trump hopes his campaigning and a blizzard of tv ads will make a difference. the president has rallies in ohio, indiana, and missouri. we will take a look at the midterms with our political roundtable in a few minutes. the united states has granted waivers to eight countries to allow them to temporarily import oil from iran. designed to ease their transition away from secretary of -- state mike pompeo and steve mnuchin briefed reporters on the new restrictions. u.s. willhin says the not tolerate the violation of the sanctions. >> we are watching the iranian regime with laser focus. if they try to invade our sanctions, we will take action to disrupt their activity. the maximum pressure exerted by the united states is only going to mount from here. world needround the to know

for bloomberg first word news, we go to mark crumpton. itish newspaper is reporting paul manafort secretly met with wiki leaks founder of the ecuadorian embassy in london in 2016 within days or weeks of being brought aboard donald trump's presidential campaign. isthe guardian's report confirmed, that could suggest a direct connection between the trump campaign and wikileaks which released tens of thousands stolenmail -- of emails by russian spies. californian officials say the remains of 88 people now recovered from a massive wildfire. people remain unaccounted for. the blazes the fifth deadliest wildfire in u.s. history based on historical data compiled by bloomberg. officials say the damage from the fire will likely be in the billions of dollars. france is slowing down its efforts to cap its reliance on nuclear energy. president emmanuel macron today his country will limit the amount of electricity from nuclear plants at 50% by 2035. the previous goal had been 2025. drivers angered by rising fuel prices have daily protests around the cou

i am mark crumpton.his is bloomberg. david? david: thanks. midterm elections may have taken place last tuesday but they are not open yet. house and governor races where disputes continue. president trump tweeted the electorate should be called in favor of rick scott in that large numbers of new ballots showed up out of nowhere and many ballots are missing or forged. an honest vote count is no longer possible. ballots massively affected. must go with election night. someone who has run his own races and responsible for those from 2014-2018, he served as the chairman of the democratic committee and care and cochair of bill clinton and hillary clinton's runs for president. recountart with the from florida as well as other basis. role and how reliable was the recount? seems like every time, we get a different number. chair inason iran for 2001 is i was so disgusted about what happened in 2000. think back, that the united shut asupreme court state down from counting valid ballots. the worst decisions ever by

i mark crumpton. this is bloomberg. -- i am mark crumpton.♪ >> from bloomberg world headquarters, this is " bloomberg markets, the close." >> it is time for charting futures. >> taking a look at a split among the risk data we have been seeing. today it is an office in fashionable we have seen. 500.a look at the s&p dampened.nother day the bloomberg commodities index, 2.6% up him on pace for its best day since 2015. that was the snap back after black monday in august 2015. real buyers out there today. it has everything to do with crude oil, snapping the 12 day record losing streak. gas, amazing, soaring up 17% of for another day, the best since 2000. we have the bloomberg index climbing higher. the chart in the bloomberg, it is breaking down. let's hop into the bloomberg. commodity index, that was the real oil quiet -- crash we saw. coming out of that bottom, buyers really taking control. earlier in may, and june when stocks were climbing toward record highs we had this commodity index really breaking down, below the uptrend, telling you selle

we go to mark crumpton. three senators have challenged the appointment of matthew whitaker as acting attorney general. richard blumenthal of argueticut and to others that the appointment violates the constitution because whitaker has not been confirmed by the senate. they are asking a judge to declare the appointment unconstitutional and prevent whitaker from serving as the head of the justice department. the united states closed off northbound traffic at the border crossing with mexico today to install security barriers. hundredsone day after of residents protested against the presence of thousands of central american migrants. the was closed one of two crossings to prevent any mass rush of migrants across the border. gave hisbia's king first major speech since the killing of the journalist. he expressed support for his son and made no mention of u.s. allegations that they ordered the killing. his speech highlighted priorities for the coming year and focused on issues such as the war in yemen, stability in t

i am mark crumpton. this is bloomberg. ♪ >> live from bloomberg world headquarters, i am scarlet fu. standing firm as her brexit deal and government fall into chaos. pushing off the cliff, sending these soaring and money market scrambling. wall street edging higher thanks to a big rally in tech. streak for theng s&p 500. deep in the red, disappointing

. ♪ david: we will turn out to mark crumpton. rk: canceling his meeting with vladimir putin after russia canceled ukrainian ships and sailors street near crimea. the president made the announcement in a tweet today aboard air force one on his way to the g20 summit. president putin blames the standoff with ukrainian vessels in the black sea on the ukrainian president. president trump is reacting to the guilty plea by his former attorney michael cohen, who reached an agreement with special counsel robert mueller overlying to a senate committee about mr. trump's dealings in moscow. , the president called him a weak person. president trump: he is trying to do a limited sentence, so he is lying. we were thinking about holding a building. i guess we had an ornament and i decided ultimately not to do it. there would have been nothing wrong if i did. mark: michael cohen agree to cooperate with mr.:'s team looking into collusion in the 2016 alexion. theresa may says she isn't ruling out the u.k. leaving the european union without a brexit

now we turn to mark crumpton. raeli prime minister benjamin netanyahu said the was ag of jamal khashoggi horrendous act, but it needs to be dealt with in a way that does not undermine saudi arabian stability. the prime minister called iran a much bigger threat to the middle east, knowing israel took part in multiple investigations of alleged iranian plots to attack opposition figures in europe. the leaders of russia and cuba promised to expand their strategic ties. they called on the u.s. to limit its blockade of cuba. lds meganutin and meg -- the cuban president met to discuss washington's interference. putin to visit cuba next year. angela merkel visited warsaw today. polish officials have been calling for germany to pay poland billions for damages inflicted by the nazis during world war ii. the prime minister welcomed merkel ahead of talks in the government's. s. poland says germany owes $850 billion in damages, but germany says poland has no legal basis for the claims. new details about the lion air c rash are

mark: i'm mark crumpton with bloomberg's first word news. ident trump today criticized announced plan to cut oil production. the president tweeted that he opec willi arabia and not follow through with cuts and should be il prices lower based on supply. the kingdom plans to reduce by about half a million barrels next month. it's the second time saudi reversed course after a summer surge in prices was ollowed by a downturn in the market. in the meantime, canadian prime minister justin trudeau says his intelligent agencies have heard recordings of the illing of saudi journalist jamal khasoggi, speaking in paris today, prime minister trudeau became the first western leader to acknowledge tapes after the turkish government announced it had provided them world powers including the united states, the saudi arabia. the trump administration reportedly is trying new tactics limit intellectual property by china. according to the "wall street u.s. will use export controls, documents, and other measures. launched ogram was with a crackdown on a chinese of

i'm mark crumpton.s is bloomberg. ♪ david: jeff sessions resigned yesterday at the request of president trump. the man who has replaced him temporarily has made no secret of his -- a bob mueller's probe. >> i can see a scenario where jeff sessions is replaced with a recess appointment. and the attorney general does not fire bob mueller, but reduces his budget so low that a grinds the investigation to a halt. robert ray is now here at bloomberg. how likely is it that mr. whitaker will shut down the mueller investigation? >> not very. he is not a recess appointment. he is an acting attorney general. it is in thehat country's interest, the president's interest, and congress's interest to see a nomination. that will begin with a new congress in january. a new attorney general will be next year.efore it was not be smart for an acting attorney general to be doing something like that. all the speculation that is out there now, swirling around about what the acting attorney general could do really begs the ques

♪ mark: i am mark crumpton.resident says he has finished writing his answers to questions from special counsel robert mueller, but he has not submitted them yet. he told reporters he and not his lawyers wrote the answers, and that "it did not take very long to do them." the president says his lawyers will review the answers before they are sent to the special counsel. a federal judge ordered the trump administration immediately return the white house press credentials of cnn reporter jim acosta, saying he suffered irreparable harm. the white house revoked his as things between he and the president got tense last week. the white house will "temporarily reinstate his credentials." acosta bank his college for the support and said let's go back to work. bloomberg lp was one of several news organizations that filed a

we need to get to first word news with mark crumpton. nished writing his answers to questions from special counsel robert mueller, but has not submitted them yet. he told reporters today that he and not his lawyers wrote the answers, and that it "did not take very long to do them." the president says his lawyers will review the answers before they are sent to the special counsel. the justice department has inadvertently revealed that prosecutors have charged wikileaks founder julian assange. his name appeared twice in that on an unrelated case. it is unclear what charges he faces. assange has angered the u.s. government with mass disclosures of classified information. he has been holed up in the ecuadorian embassy in london for more than six years. education secretary betsy devos is proposing a major overhaul to the way colleges handle complaints of sexual misconduct. the new rules would require schools to investigate cases only if the alleged misconduct is reported to certain campus officials, and only if it occurred on campus. the plan

we turn to mark crumpton for first word news. rk: less than a week after the massacre at a pittsburgh synagogue, watchdog groups say websites and online forums favored i extremist are full of anti-semitic and racist messages. officials say the vast amount of websites on the internet makes such content difficult to police. just days before the shooting of a coalition of groups opposed to framework organizers hoped would lead social media companies to clamp down on their terms of service to reduce online hate. the white house says president trump will receive his final briefing on election security today ahead of next week's midterms. sarah huckabee sanders says the president asked for an update on the "security and integrity" of tuesday's elections. the justice department last month charged a russian national with attempting to interfere in the 2018 elections. in an interview with bloomberg, the afghan president said his country cannot be a burden on the international community. he wants afghanistan to pay for its own security by 2

mark: i'm mark crumpton.iated press sites two people with knowledge of the nielsenho say christian is expected to leave her job -- christine nielsen -- kiersten is expected to leave her job for not doing more about what he sees as a crisis at the border. jim mattis says he plans to visit the border where troops are helping erect barriers. nearly 6000 active-duty troops are assigned to the border mission. of those about a thousand are on or near the border in south texas. >> we will update you on costs as they become known. obviously the units executing the border mission have got to report up here. secretary mattis made the remarks while welcoming the qatari minister of state for defense to the pentagon today. senate democrats want acting attorney general matthew whitaker to testify before the judiciary committee questioning whether his appointment is constitutional and they are concerned about his oversight of the russian investigation. senators dianne feinstein and fellow member may be a run out -- raised t

you now to mark crumpton. : new documents released by the federal trade commission suggest acting attorney general mackey medical or -- matthew whitaker misled investigators as he was stepping into his role as justice department chief of staff. they said whitaker assure the agency he had never written or emailed consumers in his consulting role, but that is apparently untrue. the ftc wrote a threatening letter to a disgruntled customer who threatened to report the company to the better business bureau. a federal judges hearing james comey's challenge of a subpoena from the house judiciary committee. the panel wants to talk to him about decisions made by the fbi in 2016, including a call not to recommend criminal charges against hillary clinton for her use of a private enol server and the fbi's probe into coordination between russia and donald trump's presidential campaign. comey said he would appear at a public hearing but wants to hearing but wants to block the subpoena that would require him to appear in a pr

i am mark crumpton. this is bloomberg. ♪ >> live from bloomberg world headquarters, i am scarlet fu. standing firm as her brexit deal and government fall into chaos. pushing off the cliff, sending these soaring and money market scrambling. wall street edging higher thanks to a big rally in tech. streak for theng s&p 500. deep in the red, disappointing results from a handful of retailers on the all-important holiday season. all that and more coming up. raising 25 basis points to 8%. this was pretty much in line with what economists had anticipated, a split rate decision. it comes as the government is trying to do with rising inflation. it is currently at about 5%. it forecast a slowdown just a bit here. all of this, the president-elect sent this plunging, i $13 billion airport by mexico city, already one third complete. you are looking at the dollar mexican peso reaction. anticipation of the rate hike not getting much of a change there. a little bit of a recovery for the dollar. not sizable. let's get you

i am mark crumpton. this is bloomberg. ♪ vonnie: live from bloomberg world headquarters in new york, i am vonnie quinn. john: welcome to bloomberg markets. we are joined by our audiences. vonnie: here are the top stories from around the world even european banks put to the test. president trump is said to have asked officials to begin drafting potential terms for a trade deal with china. it is jobs friday in the u.s. and canada. we will dig into the data this half hour. fascinating is we did get a small tick up in the participation rates, for there is a glaring hole. that is millennial men between 25 and 34. half a million of them were in the labor market before the great recession. they are now not in the labor market because of waiting for a better wage and they don't get stuck in a job weather is nobody move higher. jon: i think technology plays into the story. some of the sectors addressed in that story include mining and manufacturing. how technology has changed those industries. vonnie: exactly. le

i'm mark crumpton. this is bloomberg. david: thanks so much, mark.sentative john faso is one of the republicans unseated last tuesday. president trump's singled him out with fellow republicans as having lost because he did not embrace the president or his agenda saying "candidates who embrace our message of low taxes, low crime, strong borders, and great judges excelled last night. on the other hand, there are others i decided to stay away." the man himself, congressman fatso. i guess the most direct question is, is the president right? would you have won if you embraced him closely? rep. faso: i don't think so. is politically divided. since i was elected and the theident was elected, democratic base has been truly energized. we saw this throughout the last two years. i have handled the issue of supporting the president in this way. i have set i will support him when i agree with him. most of the time i did agree with him. i will not supported when i disagree with him. that is clearly the case. that is what my constituents expected me to do. david: w

return to mark crumpton for word news. rk: the white house says it quote temporarily reinstate" the press credentials of cnn reporter jim acosta in response to a judge's order. a federal judge ordered the administration to return the credentials that were revoked after things got tense between a costa and president trump during a press conference last week. the judge granted cnn's request for a temporary restraining order. a lawsuit that scene in front against the administration over the issue is continuing. bloomberg lp was one of several news organizations that filed a friend of the court brief in this case in favor of cnn. iowa republican chuck grassley will take the reins of the senate finance committee at the start of the next congress. he will replace you to republican orrin hatch who is retiring. the panel has jurisdiction over tax, trade, and health issues, and the senate finance chief will be one of the key figures to move trade deals with canada and mexico through congress. this would be grossly's third stint as f

mark: i'm mark crumpton.dent trump says he will not impose more sanctions in the death of journalists come all -- malta shall be to malta -- jamal khashoggi. he says foolishly canceling another $10 billion in arms sales sm in congress have suggested when only mean that riyadh will only go to other countries to require them and the president said the king and crown prince of saudi arabia quote rigorously deny any knowledge of the planning and execution of the murder. bloomberg has learned that president trump is on track to submit written responses to special counsel robert mueller as early as today. the president told reporters not as lawyers, wrote the responses. it's unclear whether mueller will be happy with the answers or will still try to interview the president in person. german chancellor angela merkel is stepping up pressure of the u.k. government to back and draft right to deal suggesting a european union summit would fall apart if prime minister theresa may reopened the accord. speaking to reporters

mar i am mark crumpton with first word news. cnn filed a lawsuit against the trump administration for taking away credentials from white house reporter jim acosta. he had his pass revoked after a confrontation with the president at a news conference. cnn's is both a cost and the network have had their constitutional rights violated. the white house says cnn is grandstanding. senate democrats want acting attorney general matthew whitaker to testify before the judiciary committee, questioning whether his appointment is constitutional and concerned about his oversight of the russia investigation. senators dianne feinstein, the top democrat on the panel, and a fellow member were -- raise their concerns separately. trumpnator said president appointed his friend against all laws, rules and practices as a way to stop or slow robert mueller's investigation into russian meddling in the 2016 presidential election. apo trial of drug lord el ch was supposed to begin in new york city, but opening arguments were delayed after a juror was excu

i am mark crumpton. this is bloomberg. ♪ >> live from bloomberg world headquarters, i am shery ahn. >> i am amanda lang. welcome to "bloomberg markets." the top stories we are following from around the world. directionthe market looks for amid the political drama. plus, the business of fried chicken. the ceo of the philippines' largest fast food chain is here to discuss expansion plans. shery: let's get you started with a quick check of the major averages. we are seeing u.s. stocks next at the moment. not surprising given investors have so much on their plates, including the ongoing brexit saga, trade tensions, italian budget spreads, and less that we heard from jerome powell. he really played down the market volatility we have seen recently. we are seeing some stress on equity markets, although it seems we have been able to offset all that. the dow rallying .4%. this comes after really volatile session with the s&p 500 also under pressure because of retailers losing ground on negative earnings coming ou

i am mark crumpton. this is bloomberg. ♪ vonnie: live from bloomberg world headquarters, i am vonnie quinn. amanda: i am amanda lang. welcome to "bloomberg markets." here are the top stories we are following from around the world. dinner and diplomacy. president trump says he is close to a trade deal. we are live in buenos aires. my interview with the td bank ceo this half hour. hotel hack. marriott hit with what may be one of the biggest data breaches ever. that data breach has the attention of investors. it is so large. one thing striking about it, not just the 500 million potentially affected people, for the length of time. it must've been no one was looking for anything that they could have gone after this many years. vonnie: when marriott bought starwood it was buying a massive security risk. a $13.6 billion acquisition. customers were wary of marriott taking over, a storied and historic brand like starwood. then this happens. it doesn't help marriott's case that it is integrating well. it just star

he-he-he-he. ♪ >> i am mark crumpton with bloomberg's first word news.mp and china's meetxi will marking -- larry kudlow says that mr. trump is hopeful for a breakthrough but is ready to impose more terrorists as they upcoming talks do not yield progress. consideringnion is whether britain can change its mind about leaving the e.u. prime minister theresa may is facing criticism from u.k. politicians and president trump are you -- president trump. the court decision is expected to take several weeks but could last into the new year close to the you k's the parts or date. the saudi crown prince is hoping image abroad and reinforces ties with allies following the killing of the saudi writer jamal khashoggi. he will attend the summit in argentina next week where he will come face-to-face with leaders including president trump, after denying any knowledge, they said he was killed in an operation aimed at forcibly bringing the writer back to the kingdom. in observance of world aids day, secretary of state mike pompeo is praising the progress of the battling th

mark: i am mark crumpton with bloomberg's first word news. is still refusing to return the press pass of jim acosta despite a court ruling. on friday, the white house told him to reply with his own arguments as to why he should be able to keep his credentials. his lawyers wrote back saying it would be a violation of his constitutional rights as well is a rejection of the court's decision. his lawyers have asked the white house to issue a final decision by this afternoon. volunteers in chico, california, are trying to discourage hundreds of people forced from their hires by wildfires -- their homes by wildfires to leave a walmart parking lot. some evacuees have been living in the parking lot for up to a week. according to a local station, walmart and the american red cross also are advising people to move to shelters. rain is expected this week in chico. authorities are concerned fields adjacent to the parking lot could flood. disaster coordination authorities have asked 10 immunities in guatemala to evacuate and go to safe areas after an incr

i am mark crumpton. this is bloomberg. ♪ scarlet: from bloomberg world headquarters in new york, this is "bloomberg markets: the close." i'm scarlet fu. caroline: i'm caroline hyde. it has been a brutal day. we have nearly all the industry groups in the red the moment. we're seeing a three-day losing streak continue. what, one a laggard that's a laggard -- apple, what a laggard. it goes to the rest of the market follows. scarlet: absolutely. technology is the worst performer. crude oil has turned around. to 11extending its losses straight days. it is in a bear market, and opec agreed to production cuts, but it is not working. crude oil below $50 a barrel. caroline: at the moment it seems to be trump cutting on talks of supply cuts. when you have a strong u.s. dollar as well, global geopolitical tensions are casting a light on whether we get global growth. scarlet: important perspective. you are seeing a bid for the etf that tracks long data treasuries. it is veterans day in the bond market is closed. one

. ♪ mark: i am mark crumpton with bloomberg's first word news.s one of the deadliest wildfires in u.s. history continues to burn in california, officials say the risk of new fires is high. , dryding to new data conditions have widened to 100% of the state. at least 77 people have died. more than 1000 remain missing. warring urging yemen's parties to take steps to tackle the world's worst humanitarian crisis. the resolution calls on the yemen government and the rebels to agree to a cease-fire around the keyport. more than 70% of yemen's food and supplies come through that port. ray dalio says years of low interest rates and quantitative easing have squeezed most of the returns out of assets in the united states. in an interview with bloomberg, he also said he is optimistic about prospects in china. >> i am not worried about the debt crisis in china or the debt situation in china. i believe it is going to be a very good place for long-term investing. mark: bridgewater is the world's largest hedge fund firm with about $100 billion in assets. the off

i am mark crumpton. this is bloomberg.e,: sticking with italy faces a vote of confidence tomorrow. the coalition hopes to force senators into voting for a bill restrict in the rights of asylum-seekers. let's go to rome. break it down. why are these five-star holdouts against this asylum bill? it is an unlikely marriage between five star. they have different bases and outlooks. hascrackdown on migration star isriority and five the fight against political corruption. there are several senators who are against the limits on asylum-seekers. joe: what does it accomplish for the government? >> it is a way to limit the influence of the dissidents. if you vote against the government in a confidence vote, you face possible expulsion from the party. it is a way of ensuring they will have a stronger majority and get the measure through. romaine: how much is corruption playing into this? >> the atmosphere, there are several happenings. there is a clash between the league and five-star on the measures in the budget for next year. we've

for uber first world news, we turn to mark crumpton. ident trump is expected to spend this election day at the white house out of the public eye. he and malani a voted in new york via absentee ballot several weeks ago. sarah huckabee sanders said the president will spend the day making calls, monitoring congressional races and meeting with his political team. he will watch election results from the white house. as americans vote in an election in which president trump made the caravan a central issue, thousands of americans trying to reach the united states after spending the night in a sports stadium. they have counted more than 2000 migrants late monday and a steady flow continues into the night. hascials said the facility the capacity to hold 6000 people and tense set up for sleeping buildup. foreign- iran's minister says u.s. sanctions are an assault on his country. some sanctions, describing them as a desperate psychological ploy. in france, authorities have arrested six people and an investigation into a planned attack on emmanuel

is being dealt another brexit blow. ♪ mark: i am mark crumpton.nt election season is coming to a close people people across the united states had to the polls. severe weather in southern states could affect voter turnout. a line of storms move through the deep south overnight and early this morning, knocking down trees and power lines from louisiana to south carolina. the national weather service warned of a possibility of high winds, thunderstorms and possible tornadoes around baltimore, was into d.c. and the mid-atlantic region. british prime minister theresa may says she will not agree to a brexit deal with the eu at any cost as the two sides remain deadlocked on the issue of the irish border. the promised are reached at divorce -- reached a divorce deal. or other checks along the border or ireland.s island the man accused of sending pipe bombs to critics of president trump has been ordered held without they'll. cesar sayoc was transferred from custody in florida after a hearing in new york. he is accused of sending improvised explosive device

let's get to first word news with mark crumpton. : president trump says his weak personer is a " who is lying to get a reduced sentence." the president was reacting to his guilty plea today about lying to congress on working did on a trump real estate progress -- project in russia. he admitted to lying to the senate intelligence committee about a plan to build a trump tower in moscow. bohen said he made the -- cohen said he made the false withments to be coinciding campaign -- >> this is one example of one of the president's closest allies lying about their ties to russia and russians. it is just remarkable that you had the personal lawyer still dealing trump tower project through the whole campaign and into 2017. mark: the louisiana republican senator says he does not believe the president will fire robert mueller. senator kennedy added mr. trump says the president likes to think outside. sanders says the president will speak informally with the leaders of turkey and south korea at the g20 summit. the president has decided not to ha

imr am mark crumpton. this is bloomberg. am mark crumpton. this is bloomberg. ♪ scarlet: from bloomberg world headquarters in new york, this is the close. the dow jones industrial average currently holding onto gains. we are seeing emerging markets coming off of yesterday's rally. you are seeing the euro down and newthe dollar inflation data lacking some luster. not climbing much of it although there are some interesting reports about how this will be the first back-to-back monthly gain for gold. scarlet: president trump will be meeting with president xi of china tomorrow at the g20 summit. that is giving a lift to stocks overall. the 10 year yield is coming down . .t did hit 3% yesterday it had a quick bounce back. what is not seeing a quick bounce back is crude oil, off by almost 2%. it has seen the biggest monthly , more than 20%e in november. caroline: that's a number we are keeping an ion. what a battering -- keeping and eye on. what a battering. we are looking at ge again. deutsche bank slashing the price target by more than a third. at

i am mark crumpton. this is bloomberg.e: oak hill has built a $5 billion funds in case of recession. the ceo said that he has been spending more time in europe. been spending much more of our time on the distress side in europe. not in illiquid credit market side. there is not so much distress in the markets. you are starting to see more kratz -- cracks in the market because of european discord. the economic recovery in europe has been slower. not just brexit. we started the year with global synchronized growth, the tailwind of tech and now global sigrid nice growth does not feel they are in the tax cuts we spend -- synchronized growth does not feel there in the tax cuts we spend. we're spending a lot of our time on shipping which has been a sector -- more people have lost money by the sector but we think there is an interesting because it is closer to maturity and we think it is not opportunity to take the collateral. either that or work it out with the existing owners. spain has been doing recently well. italy is still c

i am mark crumpton. this is bloomberg. caroline: mark, thank you.of trade war between u.s. and china has delivered i delivered i hit to the markets of cars and carmakers. some waited on the impact of tariffs earlier today at the l.a. auto show. think even the conversation of tariffs and trade wars and all of these debates ring instability and bring unknowns. of stability and unknowns is not a good thing for business. , fairieve in free trade trade, an open marketplace. 10,ake investments that are 12, 15 years cycles and you cannot have the chess pieces moving all of the time. >> that would mean more expensive cars for consumers because we're not the only ones believing the price will go up on the market. employment bad for and there are a lot of american parts in the cars. caroline: let's head back to the los angeles auto show. we are joined by the president and ceo of mitsubishi motors. thank you very much for giving us your time. part of mitsubishi and the alliance between nissan mitsubishi and others. you said this alliance would do wonders for t

with i'm mark crumpton bloomberg first word news. british prime minister theresa may saying she believes with every fiber of my being that her brexit plan is right. her comments came at a press conference after she addressed parliament about the draft outline of a brexit deal that her cabinet approved this week. define in the face of mounting criticism, may said today she isn't planning to give up and would accept a leadership challenge, saying, am i going to see this through? yes. meantime the leader of a probe brexit faction has filed a letter of no confidence. speaking outside parliament, he said he expected enough letters to be sent to the committee that oversees conservative leadership elections to trigger a challenge to may possibly leadership. leadership. >> saying specifically we would leave the customs union. it did not have any small print saying unless we decide to have a backstop and there's a permanent union, it's harder to leave under article 50. mark: he said a leadership contest can take place in weeks. saudi arabia's

i am mark crumpton.his is bloomberg. >> president trump seemed poised to>> president trump seemed poid to make deal -- make a deal with democrats. a growing voice of democrats in the house of representatives are saying they might not support nancy pelosi's bid in the house. democratic smith in the philadelphia area, congressman, is nancy pelosi going to be the beaker next week. >> she will be overwhelmingly nominated by the caucus. most successful elections since 19 84. odd to win a little the super bowl. what is the point of coming out against her. isn't really going to help democrats if you need some republicans abstaining from voting or not showing up or jumping through some procedural hurdle in urban -- in order to get her elected speaker? well, so you kind of touched on my point. i would much rather be talking about infrastructure, much rather be talking about delivering on the promise made in the campaign to make health care more affordable, and the affordable care act and talk about the ways to bo

you need mark: i am mark crumpton with bloomberg's first word news.hite house says president ahead of next week's midterms. press secretary sarah huckabee sanders says the president asked andan update on security integrity of tuesday's elections. the justice department last nationalrged a russian with an attempt to interfere with the elections. president passes chief economic director says the white house is prepared to act if the dispute with china is not resolved. on intellectual property theft, cybersecurity, and tariffs on commodities need to be met. make ahey don't then theory offer, president will continue to aggressively pursue his agenda and i think he is right to do so. i say that as a free trader. china is breaking the rules. mark: he remains hopeful the face-to-face meeting between president trump and the chinese leader xi jinping

." ♪ mark: i am mark crumpton.dent trump joined the leaders of canada and mexico on the sidelines of the g20 summit in argentina today the senate revised trade pact he calls groundbreaking. the agreement is meant to replace the 24-year-old north american free trade agreement, push the president is called a disaster. each country's legislature must improve the new deal. >> i look forward to working with members of congress and the has been so well reviewed i don't affect to have much of a problem. to ensure the complete implementation of our agreement. mark: the president praised the trade pact. justin trudeau was more measured. he used the ceremony to: president trump to remove the steel and aluminum tariffs the u.s. slapped on canada and mexico. -- theht again president mexican president said he was honored to be at the signing on the last day of his a administration. paul manafort will be sentenced 5

joining us now is mark crumpton for first word news.me minister theresa may spent three hours defending her exit and it are limited a. of her cabinet have quit in protest over the plan along with two junior ministers, and there is pressure growing among conservatives to force a no-confidence vote. may said she is not prepared to step aside. we are awaiting her news conference, and we will bring -- to yous. senate as as soon as it against. arabia, prosecutors are indicting several in response to jamal khashoggi's murder. federal regulators are taking steps aimed at eliminating the rise in teen vaping. the food and drug administration flavoredg to limit e-cigarettes to specialized vaping stores. the fda plans to draw but plan on traditional cigarettes and flavored cigars. a federal judge ruled today whether it was illegal for the white house to provoke the press path of cnn correspondent jim costa. it was taken away after a conversation at a news conference. cnn calls it unconstitutional. the white house says reporters do not have a const

i am mark crumpton. this is bloomberg. ♪ >> live from toronto, i am amanda lang.onnie: welcome to bloomberg markets. -- here are the following stories. angst flaresade ahead of the g20. in the lap of luxury. as we have been hearing, deutsche bank shares drop as german prosecutors stormed their offices over a minor role hundred -- over a money-laundering investigation. it certainly did a look at for deutsche bank on the heels of everything else. 170 german officials involved in this searching of the bank offices. they can't look good optics wise internally or externally. it is dissenting from the panama papers. it is another headache deutsche bank has to deal with. series they comes on a of headaches for the bank. what i saw today was investors and analysts saying this is just another distraction, another problem for this bank and we will wait and see where it goes. it looks dreadful because of the many missteps the bank has endured. vonnie: it will be interesting to see what happens to the chairman. the focus turning more to him than the ceo. just a little bit mor

i am mark crumpton.omberg. >> thank you. , elon muskview talked about a wide range of topics, saudi arabia, apple, ford, and more. let's begin with our tech editor. he has been looking at this. he made some amazing statements, potshots at apple were kind of .nteresting >> not necessarily a new thing to say about apple. the people would agree that magic of the steve jobs era -- everyone waiting for the new iphone, what was the new feature, what would it look like this time -- is pretty much over. but he still decided to take that potshot. musk do thison podcast, and can you draw a link between his media appearances and what the pressure has been publicly between the sec and elsewhere? >> i think he did it because the asking him every 45 minutes for the last few months. said theterview, he wall street journal is full of journalists who are terrible. he didn't like one of the stories they did. he wants the public eye. he wants to be understood. --thinks he is parentally perennially misunderstood. bring one

. ♪ mark: i am mark crumpton with first word news.ent trump today tense and often comes combat of white house news conference about the results of yesterday's midterm election. he said the results showed people like him, but the president and reporters squared off. a cnn reporter asked why the president insists on calling the central american migrant caravan and invasion. trump: honestly -- [inaudible] are you worried about -- president trump: that is enough. that is enough. that is enough. >> -- on the russia investigation, are you concerned -- president trump: i am not concerned about anything with the russian investigation. mark: the president warned house democrats he will not cooperate with them if they probe against him, adding they risk

i am mark crumpton. this is bloomberg. taylor: this is -- scarlet: this is bloomberg markets the close. taylor: i am taylor riggs, here for the scarlet: end of the trading day. scarlet:the s&p up a third of 1%. competing drivers. the president's comments on trade overcoming a cautious message from the fed. the dollar has been weaker all day. the bloomberg dollar index -- hans redeker says the dollar has peaked. oil prices paring some of the earlier advance. retail under pressure again. xrt falling for a sixth straight day. taylor: this looks a little similar. i put it in the bloomberg dollar index as well, often about 0.5%. that is how much of a team it is today. onrlet: it is like we are the same page. i am looking at the yield is well, coming in about four basis points on the 10 year. along a little bit of those dovish comments we got from clarida. are we at the neutral rate? what is the neutral rate? lots of questions. theng to the equity market, semiconductors and chipmakers continue to be the theme of the day. the sto

i am mark crumpton. this is bloomberg. ♪ scarlet: this is bloomberg markets, the close. romaine: caroline hyde is off today. scarlet: you are looking at a selloff continuing in equities. higher.es might be surging up 8%. that doesn't trade is volatile. >> getting ready to break out his canada jacket for tomorrow's snow third. the philadelphia index, a lot of the stocks in the index rising. doesn't really seem to be in a new spirit than bitcoin is below $6,000. time for a look at the big movers on the back of analyst recommendation. applet guggenheim. prices no longer enough to boost growth. kellogg's downgraded from neutral to overweight and removed from the focus list at jpmorgan, analysts are saying tuesday investor day didn't provide much comfort that a bottom line turnaround will be swift. the price target cut to $66 down from 73. finally, maintaining its by on home depot, cut its price target to $200 and analysts lowered comparable sales estimates heading to 2019. those are some of our top calls. scarlet: remaining fa

i am mark crumpton. this is bloomberg. ♪ scarlet: from bloomberg world headquarters in new york, this is bloomberg markets the close and i am scarlet fu. caroline: i'm in london. 30 minutes from the end of the trading day. a sea of red. check out the function gmm. markets acrosse the board in a state of selloff. we're seeing emerging markets as the dollar rallies in this selloff. it was a down day for the likes of greece and turkey. a lot of markets in there as well p it when it comes to commodities, this is the eye of the storm right now. brent crude up, wti crude as well. we see them trading is the lowest in a year. that is hitting stocks and in particular, the energy market and the s&p 500. >> the brighter the red is, the deeper the loss is. thatook at brent, the fact they are so bright gives you a sense of the degree of selling in oil markets. you look at equity markets overall, the s&p 500 extending weighting of november games. -- gains. the only group doing a little better is semiconductors. you ca

i'm mark crumpton, this is bloomberg. ♪ >> live from bloomberg world headquarters in new york, i'm sheryhn. amanda: and i'm amanda lang. welcome to bloomberg markets. here are the top stories we are following from around the world. decision day for the fed. we are 30 minutes away from the november fomc statement. we will discuss the key statement -- the key issues to watch with economist dana peterson. a stall in the rally. a emerging market funds turn tactical as em equities struggle to break past their 50 day moving average. bloombergnner is -- businessweek releases its 30th annual ranking of the best business schools in the u.s.. which made the top three this half hour. let's get started with a quick check of the major averages. u.s. stocks are under pressure, the dow giving up most of its earlier gains after hovering near the one-month high. the s&p 500 and the nasdaq also losing ground. energy leading the declines on the s&p 500 as we see oil losing ground for a nice consecutive session. we also have a tech underperformance, and disappointments from square and roku. 10 year yields a

i am mark crumpton. this is bloomberg.today falling into a pressure on adding opec and its allies to cut production. our with insight is bloomberg managing editor for energy and commodities. i'm still trying to wrap my head around this. how has the world of oil changed since a few weeks ago? >> at this point it is mostly sentiment. there is no positive news to trade off. r goingas a lot of fea into the iran sanctions. when we got information that there would be waivers on some of the biggest buyers of iranian the market calmed down. if we have one more day of declines in wti, it will be the longest streak ever. how much does this impact what is going on with the u.s. dollar now? >> people are focused on u.s. stockpiles. they are coming back. there is concern we are going into the season where we see stock piles draw down. we have not seen that. still people calling for $100 oil saying when these refineries are working at full capacity that there is a chance going forward. joe: we mentioned the opec meeting. what do they ha

. >> i'm mark crumpton with bloomberg. experts are urity bracing for possible attempts to attack the midterm election by or another adversary. from erence could range altering websites to spreading ropaganda through social media to hacking at polling places. it will be the first real test for fficials responsible securing elections since the 2016 vote. trial of the trump administration's use of its citizenship question on the next for the first time in 70 years got under way today here in new york city. are used to s apportion seats in congress and divvy up the electoral college the president. dozens of states and cities say dilute the to political power of immigrants and noncitizens by discouraging from participating in the census. china says it regrets the u.s. ecision to reimpose sanctions on iran but will continue to uphold the nuclear deal that agreed to in 2015. a chinese foreign ministry spokeswoman said today the still be should implemented despite the fact that the u.s. pulled out of it in may. she also said the i