francine: we will be back with mark dowding and elsa lignos. , stay with bloomberg for the latest from the boe. the rate decision due out at 7:00 a.m. in new york, followed by the news conference from mark carney. this is bloomberg. ♪ ♪ francine: "bloomberg surveillance" with tom and francine from london and new york. a great story on the bloomberg terminal. this is why we picked our must-read. it comes from the former fed chairman, alan greenspan. valuation,out market he says "the real problem is when the bond market bubble collapses, long-term interest rates will rise. we are moving into a different phase of the economy -- to a s since the not seen 1970's. that is not good for asset prices." this?is there a truth in fear and bond of markets the crash, if you saw slot -- that sort of correction, it would lead to a sharp person in stock prices as well. there is his argument that during qe, you see bond prices and equity prices moving together. so it stands to logic. emphasize in terms outcome,flation frankly, there is hardly any inflation to be

you have john dowd, who is trump's lead counsel, taking over from mark in july.ongtime criminal defense lawyer from a law firm called gump in washington. does a lot of criminal defense work and congressional investigation. the kind of face of the team at the moment is jay, the christian right lawyer who was the one that the trump team puts out on television to respond to news articles. and kind of the third individual that came on last week, that is tied called -- cobb. he is running the white house response to the investigation. cobb also comes from a longtime washington firm and is well experienced in congressional investigations, criminal investigations. did a lot of corporate work in private -- and private practice. he had to leave his firm. oliver: up next, limited liability companies every refugee crisis in the amazon. this is -- and the refugee crisis in the amazon. this is "bloomberg businessweek." ♪ oliver: welcome back. still ahead in the special city issue, the amazon city that has become a haven for refugees from venezuela. and we will talk to mayors

dowd says the communications have been professional and not secret. up next, is facebook founder markg for president? what he is saying and what he is doing. first here is some of our fox affiliates around of the country are covering tonight. fox 9 in the twin cities is ahead of the minneapolis fbi office says the investigation into the weekend bombing of a mosque is the bureau's top priority. a small device exploded at the mosque before dawn saturday as the morning's first prayers were about to begin. no one was hurt. the fbi says it will take time to determine who carried out the attack in bloomington and why. fox 45 in baltimore as the national weather service confirms a tornado briefly struck salisbury, maryland yesterday. the tornado powered by winds of up to 105 miles per hour ripped through 1.5-mile stretch of the city of about 30,000 people. no major injuries or deaths reported there. and this is a live look at los angeles santa monica pier from fox 11. one of the big stories there tonight the lapd seeks approval for its drone program. the city was given two drones in 2014 but

john dowd who is trumps personal -- >> turning to personal counsel, he turns to his personal law firm -- which is more about bankruptcy and litigation. it was quickly clear that markwas not working well with the trump administration and he was sidelined. they've reached out to a number of high-powered firms such as sullivan & cromwell, but were rebuffed in part due to conflicts or a sense that the president doesn't want to listen to legal counsel. which could be a reputational risk for the law firm. oliver: for the votes were at -- so right now, who are the folks who are at the helm for trump's defense? >> the team is been centered around three people. john dowd who is trumps personal counsel. he took over the lead role in july. he is a longtime criminal defense lawyer. a firm called akin gump. does criminal defense work as well as congressional investigations. he is very experienced. the face of the team at the moment is jay sekulow, a christian rights lawyer. and the third individual, just came on last week and that is ty cobb. he also hails from a longtime washington firm, and is well experienced in congressional investigations. criminal investigations. he did