jon: joining the around the table is priya misra, matt toms, and coming from london iain stealey. tt, i want to get your view on what is happening with risk assets and fixed income. high-yield started to fracture. what your thoughts? matt: the move above 315 in the treasury markets really cost of that. the break up the 320+ put some fear in the system that rates could move higher. that leaked into equities. bonds did not rally immediately which put a further spook into the market because of the risk off was not there, there was no place to run it. jon: we are getting that risk offset and treasuries. finally this week they are doing what we think they are meant to do. do you take comfort from that? priya: i do and we had a significant amount of auctions this week. this was a technical selloff and that is always hard to draw a line in the sand. we did not have a great to bill report rates sold off. rates have managed to rally and i think the front end is very interesting. it has a lot of value here because the markets are so well priced for the fed and as financial conditions tighten

misra, matte, priya toms, and iain stealey.ughts as we go through the weekend into next week. what are you looking for? the cmx ismove in going to be pretty critical. are we going to get to the seven? it is a psychological level that is going to trigger risk off. i think the market was happy to see all of the china data overnight, but it does not help the trade because the trade has reached a record. china will be important and i will look at the housing data. primary mortgage rates reached the highest level since 2011 but affordability is not that great. jon: interest in you mentioned china, we are going to get that treasury department report and the reports ahead indicate the treasury could be leading saying no, they are not a currency manipulator. if they were labeled one, what would it mean to you? does that wonder what mean for risk assets -- does it tariffs,. tr but they do not satisfy any of the criteria. if they are not labeled, it is still interesting to see if it is really able to rally. china is weakening to before a

tom? >> matt, thank you. >>> and president trump continues to hammer the issue of illegal immigration, doubling down on threats of military force, and turning it into his hallmark issue for the midterms. here's tara palmeri. >> reporter: president trump riling up his base on immigration, stumping out west for vulnerable midterm candidates. >> a democrat victory in november would be a bright, flashing invitation to every human trafficker, drug trafficker. >> reporter: the battle cry comes as thousands of central american migrants attempt to head north through mexico. officials there on alert. their response drawing praise from president trump. >> and i want to thank mexico. mexico has been so incredible. because now mexico respects the leadership of the united states. they haven't done this. >> reporter: the president blaming the democrats for causing the border crisis without any proof. >> it's openly inviting millions of illegal aliens to break our laws, violate our borders, and overwhelm our nation. the democrats want caravans. they like the caravans. >> reporter: in a dueling rally, former v

we are proud to be working with all 50 states in that way. >> matt and tom told the story with an upward arc. i want to turn to the secretaries of state. when somebody walks in and says we are from washington, we are here to help you -- that's not a line you always like to hear. tell us about it, both at the state level, and put on your local election official hats which you previously wore, how is information that's going gathered, how is that integrated to the day to day workings of an election official? what are they giving you? what is useful. explain how that information allows locals and states to be more aware and more able to respond to concerns. >> since i have been secretary a little longer i'll go first. because i have a little more of the background. 2016, we have a brief notice, hey, we are thinking about this. and the national association secretaries of state says we would like to talk to you about this. then in january an announcement takes place that it is happening, january, 2017, with no discussion, none of the promised discussion. and so, yes, the national association

matt toms, i give you guys too much free advertisement. >> oh my god >> i would not ask you as such haveudly. >> you don't have to thank you, we appreciate it. >>> when we return, we'll get jim cramer's take on the jobs number and elon musk tweets on the sec. futures down fracturely and the nasdaq is down by 17 sugar sugar it was number song in 1969. last time we saw unemployment, did you remember 3.7%? >> i remember neil armstrong moon walk. can i get some help. watch his head. ♪ i'm so happy. ♪ whatever they went through, they went through together. welcome guys. life well planned. see what a raymond james financial advisor can do for you. a new way to save on travel. now when you book a flight you unlock discounts on select hotels that you can use up until your trip starts. so whether you want to go out, stay in, or be in the middle of it all... add the perfect hotel when you're ready, and save. add on advantage. only with expedia. what do advisors look for don't just track an index, help me meet a client's need. is the fund built to sell or built to last? etfs are only part of a port

matt: thank you, tom. the proof is in the pudding, in the numbers. health hauled all 50 states working with us. 1300 localr jurisdictions engaged with the spirit using services that best suits what they need. the engagement from talking to folks at dhs, the fact that the sector's form as quickly and have been built and mentored the ways they have is unprecedented when you look at the speed at which we responded. to how that is a tribute seriously election officials are taking this issue. they are engaging any avenue they can to receive information and get support. we are really proud to be working with all 50 states in that way. john: they told the story with an upward arc. tell us how the story begins when someone comes in and says, we're from washington and here to help you? it is always a favorite line you here. a little bit about the development of the relationship. also, both at the state level and you have put on your local election hats which you previously war. how does information that is being gathered at the heart of all this, how is that

[ laughter ] it's about the brothers, you know, the lead singer of the national and his brother, tom. matt-- he's a director. he wants to be, like, a horror movie director or something. you ever see it? it's fantastic. dude is so funny. they're just different kids. they're different people, you know? [ laughter ] but they interviewed the mom and she was like, "oh, you know, matt is just very charming and, yeah. [ light laughter ] you know, i mean, he's just a a nice, great kid. you could tell that he wanted -- i mean, he's an example of something matt drew." and it's a picture of, like, flowers and it's rainbow here and a little house. and this is a drawing from tom. and it's a man trying to saw off his leg and he's -- [ laughter ] he's dreaming about eating his leg. [ laughter ] it's just fantastic to show how people are just different, man. anyways, the national is on the show. i love them. they're great. [ cheers and applause ] [ laughter ] oh, man. oh, this is fun. i like to think i'm a pretty easy going guy. but there is one thing that gets my goat and that is bad music. >> steve: rea

tom: matt miller, thank you so much. michael shaoul, neil shearing.hen i look at the e.u., mr. draghi said it was a more challenged economy. what is the vector of growth now ? neil: downward spirit if you look at data -- downwards. if you look at data, it supports that. the european economy was never going to sustain those rates of growth. to what extent is this a reverse of trend. the emissions testing have affected the german car industry. conditions are starting to tighten, that is the crisis in italy. if markle is stepping back, europe needs a strong leader given what is happening in italy. tom: neil shearing with us. michael shaoul, i will steal from anybody. single best chart from michael shaoul. we will do that in a bit. a brilliant chart on china equities. morning,news flow this including the ibm transaction, news out of germany. in theup, joel marcus 10:00 hour. this is "bloomberg." ♪ i am a family man. i am a techie dad. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that

matt lawyer. and reporting on the accusations against tom pro cow and then by suggesting nbc should hire an outside investigator for the ronan farrow, harvey weinstein investigation. all of these things made nbc news management angry. howie: she made them angry by being aggressive when it came to nbc people. she felt she wasn't being supported. there were a lot of leaks against learn coming from the "new york post." when you have say final nail in the coffin, it seems like nbc seized upon this mistake to orchestrate her rapid exit. >> if she had not done all of those other proceeding things, and her ratings were great, they would have supported her. but they signaled right away with that report on nbc news that was nearly 5 minutes the report it was an eternity for a 22-minute broadcast. they signaled right away that the gloves were off. and she had no support internally. howie: the way in which it was corresponded suggested there was maybe a bit of a grudge. and andy lack, the nbc news chairman had privately condemned the reports. this all happened so quickly megyn kelly had no chance to fight bac

tom, i'm going to ask you to hold on for a second. but i want to go to matt because matt and i have spoken now for the last three nights in a row about this nonsense false flag -- there's a word we used to use in canada that i can't use on tv -- i've been hearing about the republicans talking about how this was democrats trying to make republicans look bad. >> one the statement jeff sessions made about this, political violence and this came from a partisan. two and two fbi director chris wray calling it a hoax. and given what the president tweeted this morning when he put the word bomb in quotes. and then the third thing was this last question that i think wray gave a very weird answer to when he was asked when did you tell the white house -- when did you tell the president, and you wouldn't answer that. the answer is always we told them immediately because you always do tell the white house immediately if it's a matter of this importance. you keep them updated in realtime. the reason that's a problematic answer, he made clear in the press conference that the

tom. chiefnow bring in matt, a investment strategist at advisers asset management.hank you so much for your time today. is this just a plain and simple, some might argue even healthy correction, or is there more to it? matt: the technical breakdown has caused a little more panic in long-term institutional investors than normal. retail investors typically are reading the tea leaves, a little more volatility, as being a bigger deal. i think this is a healthy correction inside a bigger bull market. if you look at some of the recalibration -- recalibration, the risk off that has been building, we have about $1.8 trillion that has risen dramatically in the last two quarters. what you see is a slow buildup to that and a little recalibration from technical trading. with the midterm elections, the post-kavanaugh hearing, the continuation of the trade talks and tariffs, it's a little bit of a fatigue factor. the path of least resistance was down. i think it's more of a correction inside a bigger bull market, even though we are in the late stage cycles, so you have to be a li

cheaper on to put on and angered nbc management by aggressively reporting on matt lauer, by reporting on the accusations against tom by suggesting that nbc should hire an outside investigator for the ronan farrow/harvey weinstein reporting. all of these things that made nbc news management very angry. so the black face comment -- >> hold on. so she made them angry by being aggressive and reporting when it came to nbc people. look, there was a lot of resentment against megyn at nbc, she felt she wasn't supported. there were a lot of leaks from nbc against her, places like the "new york post." you say final nail in the coffin, sounds like nbc seized upon this admitted mistake as a way to orchestrate her rapid exit. >> look, i think that if she had not done all of those other preceding things and ratings were great and management liked her, they would have supported her, but they signaled pretty, right away with that report on "nbc nightly news," the day she made the comments that was nearly five minutes, the report, which is an eternity for a 22-minute broadcast. so they signaled right away that the gloves were off,

. >> jimmy: i'd like to thank julia louis-dreyfus, mike birbiglia, tom holland and apologize to matt" here with the song "i'm a mess." bebe rexha. [ cheers and applause ] ♪ everything's been so messed up here lately pretty sure he don't wanna be my baby ♪ ♪ oh, he don't love me he don't love me he don't love me he don't love me ♪ ♪ but that's ok 'cause i love me yeah i love me yeah i love me ♪ ♪ yeah i love myself anyway hey everything's gonna be alright everything's gonna be ok ♪ ♪ it's gonna be a good good life that's what my therapist say ♪ ♪ everything's gonna be alright everything's gonna be just fine ♪ ♪ it's gonna be a good good life i'm a mess i'm a loser i'm a hater i'm a user ♪ ♪ i'm a mess for your love it ain't new i'm obsessed i'm embarrassed i don't trust ♪ ♪ no one around us i'm a mess for your love it ain't new new york make some noise! woo ooh ooh ooh ♪ ♪ woo ooh ooh ooh nobody shows up unless i'm paying have a drink on me ♪ ♪ cheers to the failing oh he don'love me he don't love me he don't love me ♪ ♪ he don't love me but that's okay 'cause i love me yeah i love me

joined by matthew dowd, mary jordan, riehan salman, former homeland security advise tom bosser and donna brazile. mattshouldn't have been surprised by this. were they inevitable? >> much of it has been predictable. path to the dark side is fear, fear leads to anger, anger leads to hate and hate leads to suffering. we're at a moment in time where we have to speak clearly and calmly in the times we're in. i think our leaders and i would put specific responsibility on the president, he has an obligation to rid us of much of this tribalism. i think what he's done over over the course of the last few year is help foment this. he's not responsible for what happened in pittsburgh or the bombs that were sent or the super market. all of those have a commonality. a white national supremacist shot two blacks at a super market. a white national supremacist sent 17 ieds across the country to democratic leaders. a white national supremacist killed 11 jewish people at a synagogue in pittsburgh. in the course of that i think the president has not allocated resources to deal with it in the right way and has not spoken

some nbc executives were irked by kelly's coverage of sexual misconduct allegations against tom brokaw and matt lauer. >> no employer should make you have to choose between your job and your honor. >> reporter: and her suggestion nbc may have blocked r eed rona farrow's investigation into harvey wweinstein. >> i've been that the table before and sometimes i thought, girl do you know your bosses are watching? >> reporter: chief television critic james ponewiek. >> whether this is an excuse for nbc, i don't know, but she doesn't have the protection that ratings success sometimes affords. >> well, kelly's first season averaged nearly 2 million viewers, 375,000 viewer than the "today" show 9:00 a.m. hour had before she arrived. nbc news has not said anything publicly about her long-term future. she has reportedly hired a prominent attorney who is meeting with nbc executives today. >>> there's new information on a shooting at a kentucky super market, suggesting the gunman may have been targeting african-americans. gregory bush is charged with murdering a black man and woman, 69-year-old marie stolla

matt damon. his album is called "the atlas underground", here with the song "every step that i take", with some help from whethan, tominto the flames searching for the neon path i've been waiting ♪ ♪ my whole life in the crossfire yeah i've been hiding ♪ ♪ my whole life in the crossfire yeah the crossfire every time i move ♪ ♪ every step that i take everywhere i look it's right in front of my face ♪ ♪ one foot in the shadows one foot on the brakes one foot towards the gallows where it's quiet and safe ♪ every step that i take ooh ooh ooh ooh every step that i take ooh ooh ooh ooh ♪ ♪ every step that i take step that i take every step that i take lost in the motions ♪ ♪ locked in the safe trying to forget the key and i know where i lost it but i'll never say ♪ ♪ one day it was taken from me i've been waiting my whole life ♪ ♪ in the crossfire yeah i've been hiding my whole life ♪ ♪ in the crossfire yeah the crossfire every time i move every step that i take ♪ ♪ everywhere i look it's right in front of my face one foot in the shadows ♪ ♪ one foot on the brakes one foot towards the gallows where it's quiet and safe ever

matt campbell did this fat -- this masterful tale of trying to figure out who the different characters and all the different areas are. carol: pressure ramping up on jay powell this week. jason: and tom, one of the first amendment on wall street to truly back president's presidential bid. >> this is bloomberg businessweek. ♪ carol: welcome back to "bloomberg businessweek." jason: join us every day on the radio from 2 p.m. to 5 p.m. wall street time, and listen to our podcast. carol: you can find us online and our mobile app. jason: in the features section, founder -- tom barrack was the first on wall street to back president trump in 2016. fundraising dinners. he was everywhere. carol: the extent of his devotion went way beyond that, nd came out a bit of a price. >> this is on the blockade of qatar. tom's longest standing business partners in the gulf region were the qataris. the trump support of the saudi blockade of qatar totally blindsided him. it was not the best interest of him or the best interest of his friends. it was a total flip of u.s. policy in the region. jason: qatar has been involved in almost every major deal he as done. >> miramax, property in italy, it always follow

tom llamas' name by emoji. >> they got his letters as well. >>> coming up, celebrities like rihanna and matt damon targeted byars but now police have made a series of arrests. >>> we're barrelling into booza, one of the world's oldest forms of ice cream. just wait until you see what you can do with it. you're watching "world news now." now." there's a lot to love about medicare. there's also a lot to know. part a that's your hospital coverage, part b is all the doctor stuff... the most important thing to know? medicare doesn't pay for everything. and guess what that means... yep...you're on the hook for the rest. that's why it's important to consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. a plan like this helps pay for some of what medicare doesn't. so you could end up paying less out of your own pocket. that's nice. and these are the only medicare supplement plans endorsed by aarp. selected for meeting their high standards of quality and service. it feels good to have someone looking out for you. want to find out more? call unitedhealthcare insurance compan