i'm matt miller with amanda lang.e talking about for the break, on holding is now trading. shoemaker pricing at $24. it's a 50% right now. you can see 35.94. the company is backed by roger federer, tennis superstar. one of the greatest tennis players of all time. we will be talking to the ceo of the newly traded shoemaker in the next hour. let's talk about safely returning to schools and offices. so many of us are doing it or hoping our kids do. services like cleaning and facilities management are huge part of that. abm industries is a provider of those services and recently reported earnings that beat on the bottom and the top line. they raised their guidance for the year. joining us is the president and ceo. how much work do you have now than you had in the same period as 2019? >> thanks for having me. that is the good news. we reported double growth on the top line. aviation was up over 50% from this time last year which is a really good sign and momentum that people are feeling safer traveling and being in airport

i am matt miller with amanda lang. our main candidates across germany are on the second last day of campaigning before the election to determine who will succeed angela merkel as chancellor. last night, for the filed debate of the election, here is a look at some of the highlights. >> europe is looking at germany and more governments will be formed. >> we have to make sure together, with france, we are progressive. >> i want to make sure that we create a united european approach towards china. >> we are the big country in the middle of the european union with the biggest population and the biggest economic strength. >> we need to start projects together, also arms projects, to act when the united states steps back. matt: shorting us now is john kornblum, and he has held many roles in his career, including being ambassador to germany. that was under president clinton. thank you for joining us. it strikes me as, i may be a bit of a senate, but almost every statement that we just heard was something that politicians don't

i'm matt miller. two stories of note on crypto.as took action against celsius network, accusing the company of offering residents on district securities, and the dow jones reports the u.s. treasury department plans to impose sanctions next week that would make it tougher for hackers to use cryptocurrency to profit from ransomware attack's. they will have to go back to u.s. dollars. we are seeing this more and more, regulation, more of a crackdown. on the other hand -- and this is one of the questions i will ask thomas peterffy in a moment -- we are hearing more from investors, from retail to institutional, wanting to get involved in crypto. you have to somehow make these two things work out. amanda: this is not unlike -- you could think of the uber platform and the way it grew up, eventually got regulated. crypto's are a different animal, but similarly, those interested in them and their future should be happy about regulation. new regulations will add clarity and allow real and big investors to get involved. to me, it may slow dow

i'm matt miller.e will speak with the former bank of england governor mark carney. we will discuss the bank's decision, the movie saw in rates today, and esg investing. we will discuss the state of economic recovery through the lens of travel. i will speak with the ceos of tripadvisor, as well as rv company bolus. it's good to quick check on what is happening in the markets. you do see big gains on the s&p 500, third day in a row after the drops we saw monday, now looking at gains for the week. 4458 is the level after rising 62 points. the real action for me is in the yields. right now, you can see the u.k. yield up about 10 basis, almost 11. the u.s. 10 year yield almost 10 basis points. the u.s. 30-year moving higher by 11 basis points. these are huge moves maybe these are three standard deviations and more away from what you would typically see. we have had a 1.20 or one point 30 handle on the u.s. 10-year yield for the past few months and now we have moved briefly above 1.40 today. this is a great

i am matt miller.ount down to the fed. we are less than one hour away from the fomc decision. i will be speaking with the former advisor to the dallas fed, danielle dimartino booth, now the ceo of quill intelligence and bloomberg opinion contributor. we have the latest on china's evergrande as a sources close to the government say the real estate drive will be restructured into three separate entities. what kind of fallout will that have? we hear from the cofounders of one of the fastest growing and best-performing firms in credit investing, diameter capital partners. they discuss the opportunity with the fed's move. i want to check on what is going on in the market. another day of gains and little bit stronger today. up more than 1% on the s&p 500. we have been over 4400 for some time today. the u.s. 10 year yield coming down as investors buy the government debt. dollar index down 1/10 of 1%. crude up to $71.98 a barrel. something caught my eye today in italy and that is a move in the countries 10 yea

i am matt miller with amanda lang.at the biggest business stories in the news right now, starting with microsoft pulling back on its plans to fully reopen its headquarters. they will not set a new date because of the uncertainty around covid-19. microsoft will instead move to a 30-day transition approach and notify staff with lead time when it is ready to reopen its offices. last month, the company said it would require all employees to be vaccinated against covid-19. amazon is unveiling its first line of televisions today. the company will offer two lines of tv's starting at about $370. they go on sale next month, stepping up the fight with roku and google to control in-home entertainment. amazon has sold more than 100 million fire television devices. and sidenote, amazon also pledged today to pay for employee's college tuition. facebook has teamed up with iconic sunglasses maker ray-ban for its long-awaited smart glasses. the shades are called ray-ban stories, using the classicwayfarer frame and allows users to take

i am matt miller.elcome to bloomberg markets. here are the top stories we are following for you from around the world. oil hitting its biggest tie in six weeks. tropical storm nicholas threatens to further disrupt the industry. plus, the crisis in china over mounting protests raising the stakes for authorities in beijing. we will bring you the latest. and the debate over boosters as the u.s. prepares to roll them out next week. some scientists are saying people may not even need them. we will discuss with the executive director of the international vaccine access center at johns hopkins. first, let's take a quick check on the market. we don't see many gains in terms of stocks on the broader indices. the s&p 500 up only .1%. it had been down. the nasdaq up 0.5 percent. it has been much deeper in the red today. meanwhile, the dow jones adding 236 points. the 30 stock index gaining while the others do very little. crude we are watching closely. this is the nymex trade, up $.68. we see brent currently trad

matt miller, you are at a conference with real people talking about real things. matt: a lot of real people here. mostly they are talking about cannot get enough batteries, enough chips? they are also talking about mobility solutions, ridesharing, delivery services. this looks like it is going to be a hefty chunk of their revenue. we could be looking at 15% to 20% of their revenue going to mobility services for a company like volkswagen, which is why it is spending so many billions of dollars, $2.5 billion a year, developing software, making acquisitions, and putting pieces together for a bigger mobility services business. that jargon term is going to make more sense to us when we start using these services more often. francine: matt and i are having a disagreement on whether bugatti could be considered italian. matt miller will join us later on. coming up in the next hour, a portfolio manager will have a thing or two to say about china and the jobs report. that is at 7:00 a.m. in new york. this is bloomberg. ♪ >> the price of aluminum climbed to its highest and mo

i'm matt miller.elcome to bloomberg markets. here are the top stories we are following on the bloomberg and from around the world. the fomc kicks off its two-day meeting today. we will discuss with scott minerd. mna and the state of the banking industry when bruce van saun, citizens financial group ceo. and we will go to the greenwich economic forum to speak with ares capital ceo kipp de veer on the state of the credit market. let's get a check on the markets right now. we have had the s&p 500 balance this morning and then drop into losses, now back to a gain, .3%. 4370. the u.s. 10-year yield doing a whole lot of nothing right now, although earlier we did see investors comfortable enough to sell this debt, pushing the yield higher. the bloomberg dollar index coming down a little bit 1 to153. nymex crude also little changed at 70.45. regional banks in the u.s. are seeing a wave of deals. one of the most recent was citizens financial buying jmp. that transaction was the latest in a string of takeovers

another theme is in munich with matt miller. this is a day in the life of matt miller. am not even sure we can call this work for you. good morning. matt: if you love your job, then you cannot call it work, jonathan. my first time back at an auto show since march of 2019. i am happy to be back in my element. but this show is less about cars and much more about tech than it has been before. i am talking with cristiano amon , the ceo of qualcomm. it is great to talk to you because all of the other ceos i have spoken to over the past two days have been focused on chips. you must feel like the most invited dinner guest. how is it going with your business, considering the bottlenecks, the supply chain issues we have been hearing about cristiano: chips are important. we are very excited in general, not just because of the importance of chips and the current situation. car companies are becoming technology companies. automotive is one of the fastest growing businesses for us. we just announced our last earnings. over $10 billion of revenue. it is over $1 billion of revenue thi

for greg bonnell, i'm matt miller.is bloomberg. ♪ so many people are overweight now and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's golo. golo helps with insulin resistance, getting rid of sugar cravings, helps control stress, and emotional eating, and losing weight. go to golo.com and see how golo can change your life. that's g-o-l-o.com. >> i'm karina mitchell. president biden will serve a damage from hurricane i do today as he visits louisiana, or hundreds of thousands of homes and businesses remain without electricity. he will meet with governor john bel edwards and officials. the storm's path of destruction stretches from the gulf coast to the new york city region. about 6000 national guard members have been deployed to louisiana, mississippi, alabama, and texas. in a surprise announcement, japan's prime minister said he will re

matt miller, over to you. matt: you will understand this well.does not matter if i am racing motorcycles on a track or driving jeeps or just driving my family around in a volvo station wagon. the vehicle does not matter if you have the wrong tires. that makes all of the difference for your experience, for your safety, for your experience. i am here with nikolai setzer, the ceo of continental. you do a lot of other business. first off, on the tires. tell me what you are showing. i saw something with green stripes and the yellow sidewall, it looks cool. there is dandelions. nikolai: as you referred we are working prominently on increasing grip. the same tire has to be sustainable in the future. a green concept tire, natural rubber with other recyclable materials, which are getting into polyester. 50% of the tire is renewable or recycled. that is what we are showing and we are going farther to increase that. guy: not everyone note -- matt: not everyone knows you can get rubber out of dandelions. this is a weed that you can rub out against you and wh

matt miller for us on the ground for munich. we will have more from matt throughout the day.p it on cars. we hear from the ceo of bmw. we will bring you our conversation on the ed markets. bringing you to the attention of the aluminum prices. rusal listed in hong kong, shares above 12% on the back of those price pressures following the coup in guinea. that is used in the process of aluminum. this is bloomberg. ♪ introducing xfinity rewards. our very own way of thanking you just for being with us. enjoy rewards like movie night specials. xfinity mobile benefits. ...and exclusive experiences, like the chance to win tickets to see watch what happens live. hey! it's me. the longer you've been with us... the more rewards you can get. like sharpening your cooking skills with a top chef. join for free on the xfinity app and watch all the rewards float in. our thanks. your rewards. ♪ anna: welcome back to the european market open. 30 minutes into our european trading day this monday, here are your top stories. disappointing jobs numbers. the smallest increase in seven months add to u

. >> i'm romaine bostick in for matt miller. let's get right to the top stories we are following from around the world. el salvador starting an independent currency as legal tender. we will update you on the currencies movement throughout the hour. the man who was in the room just a few months ago. wall street back at the office. what the return to the office looks like for corporate america as the delta variant upends plans to safely return to work. speaking of the delta variant, we will talk about the latest, from rolling out booster shots with an associate professor at the department of epidemiology at the johns hopkins school of public health. let's check out what's happening in the markets. a shortened week because of the labor day holiday. down about .2% on the s&p 500. a modest bid coming in for some discretionary names, but that's largely casino stocks and big cap tech stocks. you are seeing persistent dollar strength for one single day and a lot of it seems to be tied in with some of the movements we see on the yield cu

matt miller, thanks to you. both of you, for spending time with us. >>> so, remember back when conservatives used to tell athletes, basketball players specifically, to just shut up and dribble? well, some of them have changed their tune now that some high-profile nba mega stars are expressing skepticism about the coronavirus vaccine. we'll bring you that story next. we'll bring you that story next. (brad) everyone is discovering the power of 5g. but we've been helping millions of renters get into 5g for years... and also 6g. and 4c. and 2r. and 7l... apartments-dot-com. the most popular place to find a place. as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. alright. y'all know when they say your home is a reflection of you? well helene found herself in a lamp. no joke. i got a fancy grown up lamp to make me feel like a fancy grown up. mhm. adulting ain't easy. ooh! check this one out. waffles loves her dog bed. we can hardly g

congratulations matt miller and have a wonderful wedding.ur beautiful wife who i thought you were already married to. i don't know what this is. i met the wife about 10 years ago. from new york, this is bloomberg. ♪ ritika: the influential north korean leader says the country wants to resume talks with south korea under certain conditions and it indicates it wants the u.s. to relax sanctions. the statement comes days after north korea conducted muscle test which some experts say was meant to show it would keep its arsenal active while sanctions stayed in place. the people's bank of china is going all crypto related transactions illegal. it indicates all cryptocurrencies including it going are not fee at currency and cannot be circulated on the market. it's is all crypto related transactions are illegal. democrats are facing deadlines and funding the government and the deadline and infrastructure agreement. they are trying to rebalance legislative work with finalizing bills that contain president biden's economic vision. the senate holds a bo

. >> >> matt miller. welcome to bloomberg markets. markets are looking for direction. the new york fed president is set to speak in a few minutes. investors waiting to hear what policymakers think after the soft jobs report for the month of august. plus the state of the economic recovery through the lens of the restaurant industry. i will speak with the cofounder of major food group. he is reopening the girl inside the seagram's building. and the trial of a one-time darling of silicon valley. we will get the latest with a lab report from the courthouse. first, let's take a look at what is going on in the markets. the s&p 500 is now down more than 12 points. it was a soft open. we climbed to positive territory, now we have fallen back down with investors buying bonds. the bloomberg u.s. dollar index is up. we're also getting headlines across on the 10 year. that was before the auction. we're looking at a 10 year yield that comes down into the auction right now although it is a very big takedown, $38 billion in 10 year debt. again, 1.338 is the level. let's get to our ch

i'm matt miller.ce the onset of the pandemic, more consumers have started to embrace digital banking. they have had little other choice. here to discuss the evolution of fintech is luvleen sidhu, ceo of bm technologies. i believe you are the youngest female founder and ceo on the stock exchange. but not without your bona fides. you went to harvard, went to wharton, worked at neuberger berman. what made you branch out into digital banking? luvleen: thank you so much for having me. what really got me excited, i graduated from harvard in 2008. my first day on the job was the lehman bankruptcy. very early in my professional career, i was able to witness firsthand the fragility of the american financial landscape, and how so many americans were hurt. it really instilled in me this passion that we are in an age where we can use digital means and technology to create strong financial foundations for american. that is really the mission for bm technologies. matt: you took bank mobile technologies public via a

matt miller having fun in the car show. taylor: how does he get those jobs? no fair.it is a bittersweet moment for him because there are a lot of motors and not a lot of engines. matt likes a big noisy engine. to be honest, this is a little bit of a depressing job from his point of view. the speed is definitely there. taylor: going to have to stay with my f-150. guy: that is one of matt's favorites. he will be very happy with that. angela merkel was there, i don't know what kind of car aficionados she is or what she favors, whether it is electric or combustion engine. she was basically opening the show to the public. the press and the public have been there the past couple of days. this was huge for the german economy. angela merkel, as she steps down and looks to the future for her party, focusing on this is a huge part of the german economy. >> we want to get started and get the economy back to real growth. we are seeing in the automotive sector, even if some supply bottlenecks are casting shadows at the moment. guy: the polling is not looking particularly good for

> also, talking about the supply crunching, the chip crunching, a really busy day yesterday for matt millerns us this morning. more interesting conversation about the sector lie ahead. matt, good morning. >> good morning. anna, yeah. weave got a lot going on today. chancellor angela merkel can coming to the show tonight. so it's an extra big deal. there were helicopters outside. but fortunately, the c.e.o. was able to get here. i don't know if i would say the world's biggest transmission maker or just the best transmission maker. we're going go ahead and try to -- with which is it? >> for the premium section your number one. what do you see right now in terms of supply chain issues. that's been the main discussion at this auto show so far. not just chips for for everything the battle neck has really changed automakers' plans. >> absolutely. that's true. the logistic, the supply chain got into this order after covid the toughest issue and that's limiting our production this year. there are other things. but they stay let's say behind the chips. so they are not the big topic for us. >> chips

this is me and matt miller a few years ago.hat is so important about the emotion of this shot, i sold every share of apple that day. jonathan: that was a great trade, tom. eight years to go. [laughter] matt miller has that shot out on twitter. tom: he's buying bitcoin there. jonathan: michael mckee has arrived. that means your economic data is due, in about four minutes and 20 seconds. a full breakdown on radio, on tv going into that cpi print. yields steeper to 1.3462%. crude inching higher, $70.75. the inflation report next. this is bloomberg. ♪ it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. (announcer) back pain hurts. you can spend thousands and still not get relief. no

i am matt miller with amanda lang.hares of academy sports and outdoors reported second quarter above-average outlooks. let's bring in the ceo ken hicks. what is driving this surge in earnings? ken: we are in the fund business. that is what we sell. right now we need more fun, but when you look at the things we sell, they have to do with the trend towards wellness, being outdoors and having fun. that is what people are buying. amanda: what has your pandemic experience been like? we imagine a business like yours has benefited and it seems to have from the pandemic. however, retail has obviously been hit hard in the midwest and south. what are you seeing? ken: we were open all through the pandemic as an essential retailer, and we sat a shift in the consumer last year. people were buying things that were exercise equipment, camping , you know, and now they are buying or apparel, footwear, team sports, licensed apparel, but all of our businesses are performing well, but we have seen a shift throughout the pandemic as the cu

bloomberg's matt miller at the mobility conference in munich. future and the future of electric vehicles. >> a very clear strategy that we will offer for our customers and fans for the next year. the combustion engine, the hybrid engine and the whole electric engine. therefore, we will be flexible. for the 911 we created our idea with the combustion engine as long as we can. while we are offering other products, hundred percent electric. >> i wanted to ask about china because i heard an interesting fact. your youngest buyers are in china. with three main markets are the u.s., europe and china. are they also the highest margin buyers? to the pay the most money for products? >> china is a very important market. besides north america where we have a third of our sales and europe and the rest of the world, china comes around about 130. the youngest buyout, the average age in china is 35. that is a big potential for porsche to get all of these young chinese friends for our brand. we are looking forward how the market will develop into order intakes i

emily: lamborghini's ceo with our own matt miller. up next, fort's big hiring boom.ind out more about how the company lured a top apple executive. plus, we speak to linkedin co-founder reid hoffman about the surprising things he has learned from the world's top tech and business leaders and how the pandemic may have changed what it means to scale for good. that's next. this is bloomberg. ♪ emily: welcome back. let's get more on the former head of apple's car project. ed ludlow is with us for more. huge for ford. >> this is doug fields. he led the special projects team at apple which we know was all around an electric vehicle with autonomous cave abilities. he is leaving apple for the second time, sandwiched between two stints at apple, he was at tesla from 2013-2018 and left when the company was ramping up the model three. he put apple on the map, now he is going to ford. you can see what ford investor stop because the stock has been under pressure before the holiday weekend. we saw it pop when the bloomberg scoop hit. the company basically confirmed his job is going

haidi: that was the coo -- ceo of tyler speaking with matt miller at that car show in munich. breaking news when it comes to alibaba and the sexual assault allegations that resulted in the first arrest of an alibaba manager. it has been a case that has rocked the nation and gathered so much interest, controversy and anger. china saying they have disapproved the arrest on suspicion of indecency according to the state news tv saying the indecency charge doesn't constitute a crime. police saying the x alibaba manager would receive a 15 day administrative detention. the arrest was the first in the sexual assault case that involved a former group holding manager. he had been in attendance at it in her that took place in late july where an employee from alibaba said she was sexually assaulted by her boss as well as details about extreme drinking. we've heard that government issuing comprehensive warnings about excessive work entertainment culture that is pervasive at a lot of big corporations. we are hearing china is disagreeing with this arrest of the x alibaba manager. we will sta

guy: i was talking to matt miller yesterday. he is very keen on buying a ford f1 50.ew ford f1 50 becomes the battery for your car -- for your house that you can feed energy back into the system. that will be one way of managing this. maybe the part becomes part of the storage solution. we will wait and see what happens. it'll be interesting to see how anymore car manufacturers are not only going to position the car as a transport vehicle, but as a storage vehicle as well. alix: that is exactly what elon musk wants to do. that is long-term goal. also when it comes to solar. someone pays for it. we do not know who that is going to be. it looks like it could be the government? some might go for that. it will be different in the u.s.. guy: i find it hard to believe it will be the government. you have been bagging this drum for a number of years. is the energy transition going to be inflationary at the consumer may ultimately have to end up paying for this. it looks inflationary at the moment. you look at the difference between an internal combustion car and electric vehi

emily: the lamborghini ceo there with our own matt miller.ill have more on the car industry after the break, including details about ford's big hiring coup. how the carmaker leeward a top apple car executive next. plus, we will speak to the linkedin cofounder and the masters of scale podcast host reid hoffman about what he has learned from talk tech and business leaders. how the pandemic may have changed what it means to scale for good. that is next. this is bloomberg. ♪ introducing xfinity rewards. our very own way of thanking you just for being with us. enjoy rewards like movie night specials. xfinity mobile benefits. ...and exclusive experiences, like the chance to win tickets to see watch what happens live. hey! it's me. the longer you've been with us... the more rewards you can get. like sharpening your cooking skills with a top chef. join for free on the xfinity app and watch all the rewards float in. - [announcer] imagine having fuller, thicker, our thanks. your rewards. more voluminous hair instantly. all it takes is just one session

that is a pr response from the ceo this morning with matt miller. delicately at a time, when it comes to both social as well as business interests with china. i understand that. jonathan: we will move on. we will get back to it in a minute. not to the equity markets, yields are higher by four or five basis points. this curve is steeper and it is not just a u.s. centric move pd can see it in europe and over in italy, and there will be a nurse conference -- news conference on thursday right here on bloomberg radio and on tv. this is where are stocks are headed today. steady gains on the s&p 500. what do the stories tell us? >> the data says we could be anywhere at the end of the year and it is specifically the first eight months for the s&p 500 being up more than 20% as it was this year. you have seen it happen 10 other times and it really is kind of a split, a substantial split in terms of gains and losses trade look at it this way, if you take all of the numbers and divide them, you end up with the loss of a bit more than 2%, but if you take the med

we have matt miller catching up with some of the auto ceo's and they are deploying the chips judiciouslymost profitable products. what are we expecting to see from the second media day at the auto show? craig: i hear from the chip side of the equation so we will hear bloomberg tv will have the ceo of all, on later today and we will also hear from the ceo of intel at the show. we will hear from angela merkel and this will be her last german auto show as chancellor. there has been a lot of talk about, you know, the need to invest in this and for germany to be less reliant on, you know, outside sources. we have the world's largest auto supplier based in germany making some small investments but they are really more of a consumer than a sip buyer of chips themselves. they don't make microcontrollers, which is where the pinch point is really being felt for the industry. they are concerned about this, too. i think that they are sort of echoing that we heard from volkswagen's ceo on bloomberg tv yesterday that, you know, this is an issue that may be a bottleneck for months and potentially years

matt miller is on the ground, isn't he? this is a global issue.maire saying europe has to fix -- bruno le maire saying europe has to fix that. the dax undergoing a big revamp, the biggest since the 1980's. the industrial heavy dax getting a little bit more blood. the online fashion retailers, hello fresh, and 10 companies all joining the index. what does it mean for traders? he is in frankfurt. how significant are the changes? >> pretty significant. the biggest since the dax was introduced in the late 1980's. this all started a year ago when the company collapsed while being in the index. he decided to make a couple of changes, with new measures for companies to post a profit before they can join. the final step was they added two new members and among them are a couple of both stocks. the index gets a little bit new dna and a fresh taste. tom: what is the impact likely to be on the companies that are joining? >> i would not overestimate it but it is good to be in the big index with all the money we are seeing flowing into etf's and institutional

jon: i prefer matt miller's name for special coverage. i think china has decided haven't they? tom: beijing, we are starting to see whispers of that. what i saw last night is about what i would think you are going to see, we are going to friday and what did they do between friday and monday morning their time? jon: no idea. from your perspective, is this a catalyst for something bigger or a symptom of something broader? tom: it is a massive symptom of whatever -- i have been in 12 to 15 years ago we had [indiscernible] great work there on the china disaster real estate, the whole thing. it is one part that but also one part this domestic management that president xi is trying to affect. jon: let's get to the hsbc securities had and head of u.s. affects strategy. great to have you back. let's start right here. >> big business car. -- card. jon: did the new fed sound like old fed in yesterday's news conference? >> i think you brought up a great point at the top which is we seem to have a bit of clarity on tapering. november feels like a kickoff and we finished middle to next year

the chairman and ceo spoke to matt miller in munich and started by discussing the future of electricwith a very clear strategy, we will offer our customers and friends for the next years each of our segments a combustion engine, hybrid engine and electric engine. therefore, we will be flexible. for the 911 we created the idea and the 9/11 was a combustion engine as long as we can. we are offering other products other than electric. matt: i wanted to ask about china. i heard an interesting fact, your youngest buyers are in china. your three markets are the u.s., europe and china. are they the highest margin buyers? do they pay the most money, china? >> china is a very important market. besides north america where we have -- the rest of the world, china counts about one third and it is correct, the youngest buyer of porsche is in china. that is big potential. to get all of these young chinese fans of our brand. therefore, we are looking forward to how the markets will develop into order intakes. we are at an all-time high in 2020 and this year we are going for another record. >> you ar

anna: automakers, dinosaurs and instructors, speaking to matt miller after munich auto show talking aboute super carmakers as well. we are 53 minutes into our european trading session and things looking pretty risk off for european egli markets. let's get to ven ram, who can give us his insight. equities selling off, a pretty risk off mood this morning. good morning to you. what is driving this risk off vibe from this european perspective? a lot of the copy i have read this morning suggest that there is ongoing concerns about the delta variant. i wonder if that has legs in europe. is this more to do with bond yields and that read across? what is happening. ven: i would definitely say that the increase in treasury that we have got since friday's numbers on payrolls is rubbing off on the rest of the markets, which is not surprising, given that about every asset that is priced in the world takes its cue from 10-year treasury yields. i think we are seeing that treasuries are trying to rally this morning. we are not in a long-term bearish situation when it comes to treasuries, at least for the

also joining us is alexei my cabin, political report of cassius, and matt miller's the former chief spokesman for the justice department. lucky for us all three msnbc contributors, clare what do you make of the state of affairs here on this labor day? >> well, the supreme court has done something, that is far beyond what i am managing they would do. i would worried that roe v. wade standing in light of the case of mississippi that they're going to hear in a few weeks. but the few weeks in the notion, the dark of night, they would bless this kind of statutory bs. is really startling. because make no mistake, they put a bow on a law, that says you no longer have to have standing, to bring a social grievance to court. all you have to do, is think you've got some kind of proof, that somebody intended to help somebody get an abortion. imagine a mother, who is trying to help their 13 year old daughter, when she just found out that this daughter had been repeatedly raped by her boyfriend. imagine her being the one, that is pulled into court, and is asked to pay money that clearly she would not have,

let's bring in matt mayly of miller dayback always great to see you.enumerate the reasons for this selloff today is it is it something we should be worried about long term i guess everybody wonders on a day like this whether this is the moment that the market -- that the bull market is ending or signaling that it's wheezing. >> it is always hard one day, it's always hard to see it in just one day you need more than one day to show whether this is going to turn into something bigger of course, the market has been coming down for a while here, not a lot but i do believe this is the beginning of something bigger because we are saying -- when dom mentioned one of the stocks that's up today is american airlines, it is one of only seven stocks in the s&p that's up today. it tells that this is a very broad decline. importantly, you see the widening in the credit spreads, the hyg high yield etf coming down significantly this is something we haven't seen in the other big one-day moves in the market this year. i think there is going to be more to it this time ar

maria miller, amber rudd, matt hancock. they're always calling for you to help out.one that under three prime ministers. i like to think they all called on me because they thought i could do a good job. i've enjoyed each of those jobs and i think in each one i've got something done. it can sometimes be a bit frustrating. really, you'rejust getting going, some major reforms and things, and then you get moved, but that is the nature of our politics. cos you've never had longer than two years in anyjob, i think i'm right in saying. i think that's probably right. probably, yeah, home secretary was probably the longest. and the big, big decision that you had to take was this decision that the job you'd really always dreamt of — you loved economics, you'd been very successful in the city, you'd made a lot of money — you were one of these guys who was, as it were, cut out to be chancellor of the exchequer, and you chose to quit it. now, what was the phone call like to your mum on that occasion? well, she already knew, of course, probably like the whole country. she was real

its ceo steve miller and president joe ferreira. finally, we will hear from matt wadsworth. matt is the president and ceo of an opo, namely life connection of ohio. the witnesses will all be unmuted so we can swear them in. okay. mr. ferreira and mr. wadsworth? okay. very good. please raise your right hands. do you swear or affirm that the testimony you are about to give is the truth, the whole truth, and nothing but the truth so help you god? help you god? help you god? >> i do >> i do >> i do. very good let the record show the witnesses answered in the affirmative. without objection your written statements are made part of the record. with that miss crier you are now recognized for your testimony. >> thank you. good morning. my name is donna crier. i am the president and ceo of global liver institute. thank you so much, chairman, and ranking member cloud and subcommittee members for your bipartisan support and commitment to solutions to save the lives of more than 107,000 americans who are in need of an organ transplant right now. i was once one of these people. because of

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