former president barack obama and former first lady michelle obama and former new york mayor michael bloomberg. meanwhile at the shanksville, pennsylvania side where united flight 93 was taken down. former president george w bush echoed president biden's sentiments. >> so much of our politics has become a naked appealed anger, fear and resentment. i can only tell you what action. on america's day of trial and grief. i saw millions of people instinctively grabbed for neighbors hand. and rally to the cause of one another. that is the america i know. >> president biden also attended the shanksville side after making comments in new york city and washington, d c vice president kamala harris also attended that's a memorial service by president george w bush this morning. >> so please know your nation sees you. and we stand with you. and we support you. we are gathered today. and how a brand. at this place. that has been sanctified. a sacrifice. to honor the heroism that the 40 passengers and crew members showed in the face of grave terrorism. what happened and flight 93. told us then. and it still

when mayor michael bloomberg suggested a law limiting the size of jumbo soda sold and restaurants the bloomberg was marked as a scalding nanny and the court ruled and the industry's favor. ah, in this face off between corporate freedom and consumer protection, freedom once again seemed to be the private property of the most powerful. i represent a part of san francisco that was immigrate people, people who speak english as a 2nd language. people who live in subsidized housing, public housing, tenements and the one thing that we all had in common was that we were dying from preventable diseases dying. and you know, that was just really hard to accept and seem like people didn't care. the industry didn't care. they continue to target their money and resources to get people addicted so that they become wealthier. so what brings me to this entire conversation is that i don't want to know where people to die. and if it means changing policy changes, educating people, they are aware of the choices that they have and bringing more choice to people. then that's what i'm about. that's what i'm

haidi: the university school of public health is supported by michael bloomberg, founder of bloombergand wennberg philanthropy. china is reportedly developing a covid-19 vaccine that uses the same technology as the pfizer and moderna shots. the conventional shots have dominated china's rollout. some studies show they create fewer antibodies. in a major shakeup, nintendo will join the index in the first of october. it comes after the methodology was changed to include a cap so that it won't account for more than 1%. the three firms have a combined value of $280 billion. the british lender will invest 107 million u.s. dollars, allowing 60% of the business. the union controlled company will put in 71.5 billion dollars for the remainder. let's take a look at that day ahead for australia and new zealand. the rba decision is the main nine on the agenda. the decision on whether it will announce a delay for planned taper for bond purchases is keeping aussie watcher -- aussie dollar watchers on their toes. one of its biggest infrastructure investors is pledging hard carbon emissions, talking a

we talked to the ceo of travel and leisure on demand, michael brown after this. amanda: this is bloomberg. we have been talking about the each -- issuance of debt. when it comes to airlines, it is jumping pretty strongly. the industry outstanding debt of 23%. now at $340 billion. this year, global air carriers have sold $63 billion in bonds and loans. what makes that interesting is it is a sector that is very much in the grips of a global pandemic. a vote of confidence for the rs. matt: not even close on return to normal. i say this having been in berlin 's brand-new airport yesterday. my flight was delayed for hours and i ended up skipping it. most of the airport is shut down and there are very few employees in the airport. after i bailed on my flight, i look for somebody to help retrieve my bags. there weren't any british airways employees left. i think it's interesting they borrowed so much money and are operating still with such a skeleton crew. there just are not the amount of services or employees you would expect for an industry that has borrowed $350 billion. amanda: data sitting

that school is supported by michael bloomberg, the founder of bloomberg lp and bloomberg philanthropiesontinue to track the biggest vaccinated -- vexing campaign in history over 84 countries. you can check out our vaccine tracker on the terminal and at bloomberg.com. let's get you the first word news with vonnie quinn. vonnie: a global scientific panel says covid-19 vaccine works so well up people don't get need a booster. a report published in the lancet says governments should focus on getting more people vaccinated and wait for data on which boosters would be most effective. this is based on a wide range of real-world operational studies and clinical trials. the frontrunner to be japan's next prime minister has been given a new boost with the report that the former defense minister will not run leadership of ruling liberal democratic party. a newspaper says he plans to back someone else in party elections. lawmakers vote for new leadership temer 29th. president biden will host leaders of india, japan and australia next week for discussions that will include countering china's expandi

remark in his capacity as a policy advisor for an anti-gun group, one of the many funded by michael bloomberggested on msnbc that the secret service shouldn't carry firearms and last year, he openly mocked the millions of americans who are buying firearms to protect their families from the crime wave that his party has unleashed on the country. >> jesse: that guy's beliefs were so extreme that even some democrats refuse to support his confirmation. that is why today, the white house withdrew his nomination. but that doesn't mean the biden administration is going to stop trying to undermine the second amendment. we will be watching very closely to see who joe biden nominates in his place and of course we will keep you informed. after a debacle in afghanistan china has realized that joe biden is weak. now china is testing joe biden with a major military operation. that's straight ahead. ♪ ♪ >> jesse: the white house is now asking congress to provide green cards to tens of thousands of afghan refugees so they can stay in the country indefinitely. also demanding lawmakers provide $6 billion to he

there were genuine statesmen like michael bloomberg who delivered a memorable address can on religiousce won out and the project was abandoned in a frenzy of islamaphobia. i reacted to the controversy on the show in august of 2010 explaining why the basic idea was so important and so broadly admired. >> you know that ever since 9/11 the united states has been trying to engage in a battle of ideas against radical islam. now, america can't really get involved in it in a debate within islam. so that means finding and supporting moderate muslims. this is a cultural struggle that has been warmly supported by liberals and conservatives. in fact, many conservatives have argued that we should be engaged in a much more extensive and expensive effort to fund moderates and delegitimize rad lal and violent islam. under both the bush and obama administration there have been active efforts to support muslims trying to rescue their religion from extremists, fundamentalists and this has been funding mosques, and community leaders who share a peaceful and pluralistic vision of islam. except it turns ou

president was joined at today's ceremony in new york by the obamas and former new york mayor michael bloomberg. meanwhile at the shanksville, pennsylvania site where united flight 93 was taken down by crew members as well as passengers on board. former president george w bush echoed president biden sentiments. >> so much of our politics has become a naked appealed anger, fear and resentment. i can only tell you what action. on america's day of trial and grief. i saw millions of people instinctively .rabbed for neighbors hand. and rally to the cause of one another. that is the america i know. >> president biden also visiting the shanksville memorial after comments and stops today in new york city and in washington, dc vice president kamala harris also offering her remarks on the remembrance of the day at united 93 crash site. >> so please know your nation sees you. and we stand with you. and we support you. we are gathered today. and how a brand. at this place. that has been sanctified. a sacrifice. to honor the heroism that the 40 passengers and crew members showed in the face of grave what ha

michael bloomberg's gun control group spending big in virginia.political players in 2019. this programming note. mass shootings, gun violence and the nra's role in u.s. law. what's the cost on gun control. "the price of freedom" this sunday at 9:00 p.m. eastern. grateful for your time. hope to see you later. ana cabrera picks up coverage right now. >>> hello. thank you for being here. minutes from now we'll hear from president biden and white house officials tell us he'll warn of a country at its inflection point as he pushes his massive economic agenda. his argument? washington can perpetuate the policies and the politics that benefit the nation's wealthy, or it can choose to bolster the lower and middle class now languishing in pandemic uncertainty. but even some democrats aren't sold on the president's economic package, and the $3.5 trillion

laid a wreath at the reflecting pools where the world trade towers used to stand former mayor michael bloombergf americans say the united states has become less safe from terrorism since 9/11 and 46% say the attacks changed the country for the worst. that from an abc news and "washington post" poll the opinions december identify fact homeland security reports taxpayers spent more than $120 billion on airport security in the decade after 9/11. so has all of it made us any safer? here's the report he >> reporter: 20 years after check points went up and millions ofshoes from those going through security, flying has back hassle. >> it's always been a hassle they didn't catch anything now they're hassling us and they probably won't catch what they're supposed to catch now. >> reporter: the good news, we haven't seen a repeat of 9/11. but the former air marshal said the tsa is failing to do its job. he says the agency doesn't truly test itself with so-called red teams. checking if the system would really stop a terrorist. >> every single one of these systems in my opinion is a joke from the red team

michael bloomberg, 22.5 billion dollars in wealth growth, $10 billion reported. 29 point $2 million paid. taking that into account, his tax rate 1.3 percent. elon musk, 13.9 billion dollars of growth. $1.5 billion of reported income, $45 million of taxes paid. then 3.27% of tax rate. you can find that at the pro publica site. if you want to go to our website, c-span.org, you can do that. let's hear from keith in florida. hi. caller: hello, pedro. my opinion is, what is going to happen is he is going to hit us out here that depend on the stock market towards our retirements. and he is going to tax that even more. so that affects us down on the bottom rung of the ladder, and our fireman's, and we are not wealthy. and that is not right. we are retired. he saved all of our lives and we are invested in the stock market. as far as the higher echelon, yeah, tax them, ok, but then there go the jobs. trump was trying to be -- to bring the jobs back here, now biden is going to push them back overseas. that is my opinion. host: this is alvin on our oppose line. hello. caller: good morning, sir. i w

a list of the usual suspects includes michael bloomberg, charles koch and his late brother david, andrnment. but in 2013, a lawyer estimated it had been more than $100 billion with a "b" since the year 2000. this comes as congress is debating a way to use increased taxes on the wealthy and corporations to pay for biden's build back better plan. something we keep hearing that america just can't afford. the white house released a report last week showing that the country's 400 wealthiest families have been able to slash their income tax bills to an average rate of 8.2% due to loopholes in the tax code. that rate is 5% below what the average american, meaning y'all, pay. we're not just talking about personal income taxes. corporations are also a big problem. this year alone, 55 corporations paid zip, zero in federal income tax, including fedex, nike, and american electric power. amazon wasn't on this year's list, it still avoided $2.3 billion in annual income taxes last year according to the institute of taxation and economic policy. these people have enough cash to literally launch them

haidi: the johns hopkins bloomberg school of public health is supported by michael bloomberg, the feinbergilanthropy. be sure to tune into bloomberg radio to hear more from today's big newsmakers and get in-depth analysis from the daybreak team. you can listen in via the app. lots more ahead. this is bloomberg. ♪ ♪ >> one of the jobs of an international bank is to comply with complex laws whenever they are implemented. that complexity has increased. we will navigate that, as we have done so far. we will continue to do so going forward. kathleen: that's noah quinn in his first sit-down interview as the bank ceo. he spoke with francine lacqua. subscribers can watch that full interview first on the bloomberg turnabout -- terminal. apple asking all u.s. employees to report their vaccination status. telling workers to voluntarily declare if they've been inoculated by mid september. regardless of whether working remotely or from an office. apple isn't mandating vaccines. it says it will use the data to inform its covid response efforts and protocols. an ipo for building materials -- we are told

the johns hopkins bloomberg school of health is supported by michael bloomberg. oomberg. ♪ so...i know you and george were struggling with the possibility of having to move. how's that going? well we found a way to make bathing safer with a kohler walk-in bath. it has the lowest step-in of any bath. it has handrails, a wide door, and textured surfaces. so it gives you peace of mind. and you would love the heated backrest -and the whirlpool jets -and the bubblemassage. and it was installed quickly and conveniently by a kohler-certified installer. a kohler-authorized dealer walked us through every step in the process and made us feel completely comfortable in our home. and, yes, it's affordable. looking good, george! we just want to spend as much time as possible in our home, and with our grandkids. they're going to be here any minute for their weekly spa day. ooh, that bubblemassage! have fun! stay in the home and life you've built for years to come. call... to receive one-thousand dollars off your kohler walk-in bath. and take advantage of our special offer of no

. >> remember the last time we had studio here, we had michael bloomberg come. >> that's right. >> eric adams is going to be here today. guy who has a 50/50 chance of being -- >> slight favorite. >> 50.1. >> yup. >> "the new york times" meter has him at, you know, what, 99.999%. yeah, what's that? okay. carol meryl or something is walking out of that door. oh, t.j., you're showing the studio. it is certainly vibrant. >> let's get back. >> 5:00 a.m., i did a walkaround. >> oh. >> i did hits from a variety of the studio, showing it off, getting my steps in. >> that's really good. you're versatile. very versatile. >> can i walk and talk right now? i'm not going to. i'm too old to do that. let's talk about baseball. do you have the first pitch? first, i want to show willie. >> oh, conner. >> conner's first pitch? >> oh. >> this was 50 cent, conner, barack obama. >> wee! >> oh, be nice. >> it's hard to figure out. >> over the top. >> again, you want -- okay, here we go. >> oh, he's a lefty. >> oh. >> wow. >> that's a velocity. >> i guess. >> wow, geez. >> he does have a broken leg. that's a

michael r. bloomberga founder of bloomberg lp and bloomberg news which supports the johns hopkins school of public health. much more ahead. let's take a quick check of where we stand on the markets on this tuesday afternoon. a shortened holiday week in the u.s., looking at stocks relatively weak. the dow jones industrial average down about .5%. this is bloomberg. ♪ mark: i'm mark crumpton with bloomberg's first word news. president biden is spending part of his day in new jersey and new york city, surveying the massive damage done by the remnants of hurricane ida. the president was briefed at the somerset county emergency management training center in hillsboro township, new jersey. the remnants of a ida caused tens of billions of dollars in estimated damage to public infrastructure and property in the region. the deaths of more than 40 people are linked to the storm system. the united states has reached a vaccination milestone -- 75% of adults in the u.s. have received at least one dose of covid-19 vacci

michael: the good news is bloomberg tv is on all day. el mckee with much more perspectives. stay with us on television and radio. this is bloomberg. have a great labor day. jonathan: a big downside surprise on the payrolls report. live from new york city, good morning, good morning. "the countdown to the open" starts right now. >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro. ♪ jonathan: from new york, we begin with the big issue. more fuel for the fed debate. >> this is where the rubber meets the road. >> the payrolls report. >> what matters is the strength of the labor market. >> the stronger the jobs report. >> that lays the ground for a september meeting that could be consequential. >> will likely view is the extremely accommodative -- we should all be rooting for taper. >>

. >> earlier this week, the governor of new york kathy hochul and former mayor michael bloomberg read9.11 memorial the pair later reef to honor the victims. >> we have an obligation number one to have a place for the families to grieve. number 2 have a place to educate our population as to what happened and how we can prevent that from happening again. and number 3, as a center point for the rebirth of new york city. >> the tribute in light is organized by the 9.11 memorial museum. the twin beams reach 4 miles into the sky and are made up of 88, 7,000 watch xenon light bulbs positioned in to 48 foot squares. the beans mere the shape and orientation of the original twin towers. they eliminate the city, echoing the enduring spirit of new yorkers and echoing the mantra never forget. >> now new yorkers will be able to see those beams as soon as the sun goes down tonight. president joe biden started his day in new york city. let's go to dc and pennsylvania as well. live in jersey city. stephanie, some money. back to you. stephanie, thank you. >> for that live report. we do want to bring yo

tom: michael mckee of bloomberg, i am sorry the american sumer reported this week constructively. jonathan: i mentioned this a couple of times, that against the u.s. consumer at your peril. big downside surprise over in china and upside surprise in the united states, what do they have in common? we are starting to get a read. in september, struggling to gauge whether -- where the economy is at any given data point. tom: you and i see it here in new york, i assume it is across the nation, rents higher. lisa: if you look at any other survey, you are talking about 10%, 15% increases in rent in various cities across the nation. i think this says the american consumer wants to buy stuff, however the prices are going up, and the prices of what they want to buy is going up, and some of it is supply chain constraints. some of it is because this is a time when there is a mismatch with services. tom: it will be interesting to see. we have a whole set of things to talk about to set up this hour. john, you mentioned the joke of getting to the weekend. jonathan: we still have not settled the f

bloomberg's michael mckee. coming up, we are going to continue those conversations. we are going to bring you the latest on everything from the debt ceiling to infrastructure,. this is bloomberg. ♪ alix: this is bloomberg markets. congress cutting it pretty close in an effort to avert a government shutdown. house and senate are expected to extend x -- to extend spending. bloomberg correspondent annmarie hordern is on capitol hill with the latest. where are we in that procedure to fund the government? >> they are on one of the final amendments, and that is likely to go through. this is a stopgap funding measure. really it is a band-aid. then it will go over to the house and president's desk. that is no longer an issue right now, in terms of the number of agenda items they are trying to get done. a voiding a government shutdown, the real fireworks is what is going on in the democratic party when it comes to infrastructure. speaker pelosi says that vote is going to go ahead, we just had pramila jayapal saying the votes are not there. alix: walk me through that. nancy pel

alix: thanks a lot, bloomberg's michael mckee. all of that can to beating to what is happening in the bond market. joining us now, ira jersey, bloomberg intelligence u.s. rates strategist. the debate is playing out in the race market. ready land -- where do you land? ira: i am in the stagflation camp, at least modest stagflation. so basically, we are going to have taper, but the federal reserve is going to let inflation probably run a bit hotter than we are used to expecting them to be. i think that might be a topic for discussion with powell today, although i think the politics around the stock trading and stuff by some fed presidents will probably take a lot of the questions like mike mckee just mentioned. but generally, your camp, where we are talking about higher inflation but a fed that is not going to hike interest rates because of supply chain problems, they will probably only hike interest rates when they see wages growing and retail sales spiking higher, not because of imported goods being a problem, but more domestically

oversaw assistance programs both for new york governor george pataki and new york city mayor michael bloomberg described what has long been a bipartisan consensus. he said, the way to help people escape poverty is through a combination of work and government aid, not work alone and not government aid alone but the two together. why is that combination so powerful and so successful? government assistance provides a handup and aids families that are struggling to overcome barriers to a better life. work not only provides the economic pathway out of poverty but also an equally important, in parts dignity, self-reliance and confidence. it allows people to provide for their own families. it instills a sense of belonging and pride. it strengthens our communities. let me give you two examples, mr. president. i first met adais when she was enrolled in the federal job corps program in limestone, maine. as a teenager, she had been homeless and wanted to get as far away as possible from the terrible circumstances in her life, thus her choice of the job corps in northern maine. after completing this progr

michael bloomberg, 22.5 billion dollars in wealth growth, $10 billion reported. 29 point $2 million paidtaking that into account, his tax rate 1.3 percent. elon musk, 13.9 billion dollars of growth. $1.5 billion of reported income, $45 million of taxes paid. then 3.27% of tax rate. you can find that at the pro publica site. if you want to go to our website, c-span.org, you can do that. let's hear from keith in florida. hi. caller: hello, pedro. my opinion is, what is going to happen is he is going to hit us out here that depend on the stock market towards our retirements. and he is going to tax that even more. so that affects us down on the bottom rung of the ladder, and our fireman's, and we are not wealthy. and that is not right. we are retired. he saved all of our lives and we are invested in the stock market. as far as the higher echelon, yeah, tax them, ok, but then there go the jobs. trump was trying to be -- to bring the jobs back here, now biden is going to push them back overseas. that is my opinion. host: this is alvin on our oppose line. hello. caller: good morning, sir. i wou

. >> [indiscernible] alix: joining me is bloomberg economic correspondent michael mckee. >> a lot ofgreement among central bankers. their problems are different but they agree on the situation, that their problems with inflation are largely caused by supply chain problems because we are trying to reopen the economy of the world. but, central banks can't do a lot about supply chain problems. it is a problem of the -- the problem of demand. there is a frustration expressed. all of them have an inflation problem. the u.k., the u.s. and euro zone have too much inflation. japan has too little, even if he doesn't think it is a proper measure. the answer in all of those cases is more fiscal health. the new japanese prime minister promising a fiscal program. central bankers saying if inflation gets out of control, which in japan's case is too low, they would react. the week already knew that -- but we already knew that. alix: i was interested in what andrew bailey was saying, he was saying it is important to anchor those expectations. it feels like the u.k.'s getting double hit because of br

michael nicholas, oakmark funds portfolio manager. this is bloomberg is a flabby day here in the u.s. equity market. in europe, pretty good. really good group that joins us with a deeper dive. ritika: we seem to be shaping up into a broadly positive day in europe. the stoxx 600 up half a percent, rebounding from a seven-week low yesterday. in terms of sector action, it is travel and leisure, up 3.5%. ryanair, easyjet, airline stocks. let's take a look at the bottom of the pile, miners getting hit. iron ore was hammered in the singapore session. some of your base metals lower as well. i want to stay in the commodity space but look at natural gas prices. they have dropped significantly in the session today. this is after we have had a pretty strong rally, reaching record after record. dutch futures are dropping 14% or so today. we have been at elevated levels. lower gas inventories, expectations of a heavy winter to come. goldman sachs saying some of these industrial users have to curb their energy demand. cf industries closing two of their plants here i

michael vogelzang. this is bloomberg♪ haidi: some interesting development on the m&a front, topping a proposal we had yesterday of $2.50, and they are under negotiation for at least seven weeks, apa disappointed with this situation with brookfield, become of the latest of the infrastructure targets of part of the buying spree. we have seen the interest in the sydney airport spark, and of course, another sale yesterday, as well, shery. shery: let's take a quick check of the business flash headlines, where the u.s. unit of mitsubishi initial group has received a cease and desist order from u.s. regulators, citing a practice with technology and risk management. the office of the control of the currency you found noncompliance. the order requires assessments. also staffing deficiencies. u.s. auto regulators will look at the tata airbags that escaped recall. the agency has not found a safety risk, but evaluation is needed. it is a years long effort to replace the airbags that can explode in a crash and spray metal shards. and

. >> former three-term mayor of new york city, michael r. bloomberg. ali, we forget what lower manhattan was like before 9/11 and after. that was a disaster site for years and so much in-fighting. >> right there. but everything south of here was nothing other than business. it was a financial hub of the world, but there was nothing happening after hours here. there were zero young people. there were no families. trying to get a restaurant to eat at after hours, there was nothing down here. >> from a lifestyle perspective, this was strictly the financial district. brown loafers and briefcases coming in at 7:00, leaving at 5:00, nothing happening on weekends. even after, when they were trying to figure out what they were going to build here, they also realized the risk of having one industry so concentrated. we were talking earlier, i spoke to howard at fitzgerald, and dozens of financial firms were wiped out. before 9/11, half of the people working in lower manhattan worked in finance. now it's less than a third. look at what this area is now. it's youn

some iterations that michael mckee is expert on, our bloomberg economics and drone powell correspondente's eight ways to go in this press conference. to me, it was far more interesting and nuanced. one of the issues here is a dovish chairman versus the regional hawkish presidents. that is a generalization. kenny presidents tell the chairman what to do -- can the presidents tell the chairman what to do? michael: no, the chairman generally has the votes because there will be those who are in the same boat. he's got the board, and he has six votes on the board right now, so he's got enough votes that he can push through what he wants. there's not that much disagreement, though. there's basically a split over a couple of months may be in when you start raising interest rates, and of 2022, beginning of 2023. doesn't it really matter all that much? tom: whatever the books are, the beige book, whatever, have we ever had a smart, well-meaning people at the fed try to game out the mystery of 2024? michael: no, because we've never had anything like this. we've never shut the whole economy down, a

michael mckee would say. jonathan: this is bloomberg. ♪ and there you have it— -woah.on the most reliable network nationwide. wow! -big deal! ...we get unlimited for just $30 bucks. sweet, but mine has 5g included. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. switch to xfinity mobile and save hundreds on your wireless bill. plus, save up to $400 when you purchase a new samsung phone or upgrade your existing phone. learn more at your local xfinity store today. 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 golo.com. ♪ >> this market has been a waste

regardless of their education level, according to michael collins, vice president of jobs for the future. he will be joining us next. this is bloomberg♪ ♪ caroline: today we are focused on inequality, and we are going to be looking at whether you can blame it on education or not. we want to welcome vice president of jobs for the future, michael collins. employment inequality remains an issue. you are looking at an initiative directly addressing the ways in which put secondary education and training can help those vulnerable parts of society from an economic perspective. you draw a line too, for example, in new york, black bachelor's degree holders earn on average $22,000 less than their white peers. why, michael? is it bias vacant consciously or unconsciously -- baked in unconsciously or consciously? michael: thanks for having me. there are many things intersecting. we looked across the country at education training and its ability to help people advance in the economy. we saw some data that was startling, and frankly, uncomfortable. it turns out that all levels of education, black completers earn s less than their white counterparts

we just so their former mayor michael bloomberg, who was leading the city in the years after 9/11.re also seeing chuck schumer there, the senate majority leader. and of course, these are such politically polarised times at this moment, president biden is trying to take us back to those moments of unity after 9/11, saying that unity is america's greatest strength. and this is a day when the whole country is remembering those shocking events which change so many things in america, from the rather banal, like airport security, to the bigger picture, to the war on terror, that war lodged in afghanistan because the taliban were harbouring al-qaeda. but 20 years on, this moment 20 years ago, those planes were heading towards the world trade center. of course, one person who is noticeably absent from this scene you are seeing before us, president biden they're talking to nancy pelosi, the speaker, absent is former president donald trump. there are reports he may make a visit this afternoon by himself to ground zero but he is not part of this formal commemoration. he of course has been ver

michael tobin and another road story on the bloomberg -- wrote a story on the bloomberg about lendingrate some esg credit for a price. helping them sell that -- debt that is sold as esg. there aren't necessarily incentives there, i recommend viewers check it out. amanda: a shoot trend. we know that companies will capitalize on it. -- it's a huge trend. what makes one bond green versus another, there is obviously a willingness to buy into the concept. matt: if you're skeptical, you're not the only one. coming up, ray dalio says don't miss out on china. speaking of skeptics, there are plenty of them out there. that's coming up. this is bloomberg. ♪ ♪ matt: this is "bloomberg markets." ray dalio spoke last night at bloomberg event. he said the opportunities in china cannot be ignored. ray: it's a part of the world that the world cannot neglect. not only because of the opportunities it provides, but you lose excitement if you're not there. our objective is to be there both economically and investment wise. matt: the question of the month in august was is china on investable? we're startin

we will talk about it more michael mckee will set us up. this is bloomberg what is the technical set up? let's find out. abigail: i hurt you and alix debating whether it is cap it tuesday or turnaround tuesday. yesterday's big selloff did put the s&p 500 back above its 100 day moving average. you see greater strength for some of the big tech names. the russell 2000 still a bit above its 200 day average. will be watching all of these indexes. let's going to the bloomberg terminal and check in on the s&p 500 and its moving averages. the thing to note is the beatable uptrend. you can see the consolidation down, but the 100 day moving average at the end of the day telling you those intermediate buyers like stocks and are buying the dip. let's see whether that holds. alix: maybe it will be turnaround. guy wants tepid, i want turnaround. maybe that will be a thing. the fed meeting caps off today. michael mckee joins us. what are the keywords we are looking at? michael: today we will look at what jay powell's job will be. we can talk about the statement tomorrow al

michael cuggino. plenty more to come. this is bloomberg. ♪ kathleen: the world's largest chipmakers, broadcom, gave a bullish quarterly sales demand after demand of chips. let's go to ian king for the details. i think what everybody wants to hear, what are they saying about the chip's surprise situation that has been holding back so many industries? >> they are usually outspoken, saying the industry is still constrained, still in this situation where they cannot get enough from contract manufacturers. interestingly, his main point was "we could have put up higher numbers, shoved more chips out there, but we didn't because some of that demand we are getting is coming from these companies that want to build inventory, not reorder, so we are holding back a little bit and making sure customers that really need it for the end devices are getting what they need." haidi: our tech reporter ian king. coming up next, the latest damage assessment after a minutes of hurricane ida bashes the u.s. northeast. catastrophic flooding and people reported dea

bloomberg economic and policy correspondent michael mckee has more as they front the conundrum -- ashey confront the conundrum that is higher prices. guy: some of the indicators in the -- michael: some of the indicators in the u.s. are suggesting we are having an issue with that as well. here's the chicago pmi. it trucks to -- it drops to six d4 .1. that is a decline because maybe people can't produce at this point. there should be more people doing it because jobless claims were really interesting today. that is going to move markets -- not some thing that is going to move markets, but mix you go -- but make hugo -- but makes you go hmm, that is interesting. we don't really know. this may have something to do with statistical noise, or with the delta variant. the interesting thing is the total number of people who got claims benefits paid out plunged. it was the first report we had since the federal cut off on september 6, and almost 6 million people fell off the roles. there are a lot of people no longer getting jobless benefits. we will see if that shows up in the payrolls report

bloomberg international policy and economics correspondent michael mckee bails us out once again.el: i don't know about that. there's a couple of things that happened. we did see increased jobless claims in louisiana after hurricane ida. that may hit next week in other states, particularly new jersey, new york, and places where ida came later on. we also had favorable seasonals that helped out. but still, go back a year and you can see that this is the lowest level since march 14 of 2020, basically before the pandemic. remember those days, when hardly anybody was filing jobless claims and people were all excited about that? this doesn't tell us much about hiring overall because it doesn't reflect hiring. every place people losing their jobs. but the number of people losing their jobs has fallen off dramatically as the economy reopens. this is the total number of people getting benefits. it has also dropped tremendously. still 11 million, close to the 10.9 million that the jolts report had last week -- or yesterday for the previous month. we are starting to see the two come togethe

. >> daniel raqqa auto, michael jordan and the third would probably be tom keene from bloomberg. i did my a levels in economics, i was having to keep up to speed with the latest news and he made it in a way using analogies that were relatable and quite funny and very understandable. jonathan: i already knew, watched bloomberg surveillance and if you are watching, good morning. i have to say i'm disappointed. the other issue i have is she understands you? [laughter] tom: i am reading in on tennis like nobody. what i can do, my hockey coach look to the tennis coach and the tennis coach said don't give up the day job. jonathan: she is very welcome on this program whenever she is available. equity futures down 59 on the s&p 500. futures, in 1.35%. we kick off the trading week. going into the fed decision, full coverage this wednesday. ♪ >> treasury secretary janet yellen is warning of a catastrophe if congress does not raise or suspend the u.s. debt ceiling. she wrote the government could run out of money to pay its bills sometime in october. senate minority leader mitch mcconnell re

percent of what we can hear from the central banks is bloomberg's international course be -- international economics and policy correspondent michael some ways the central banks are increasingly on a different pages. michael: that is what makes it interesting. they are all in the same boat, reopening economies after the pandemic shut down. they are dealing with different problems. the ecb has inflation rising on a headline basis but not so much on the core. they want to stimulate because the economies of the eurozone are running at different speeds. the united states, jay powell, we have heard a lot from him. they have a question of how hard they let inflation run. it is higher than they were else but also growth is stronger. he is in a different place. kuroda has a new prime minister who will spend a lot of money on fiscal stimulus, or he says he is, so how does he handle that? this is the day kuroda becomes the longest serving of the central bankers. andrew bailey is in the unusual position of dealing not just with the pandemic reopening, but brexit and the shortages that is creating. they have inflation high enough the bank of e

michael jordan by his side. we'll give you the latest. stay with us. ♪ amanda: this is "bloomberg markets."manda lang. sport radar coming to market. not a massively upday for the company but a big valuation of $8 billion, hoping to capitalize on a growing sport betting business in the u.s. of course, we have with us the c.e.o. and founder of sport radar. business has some big backers, carson. what's your advantages? it's a big market, fast growing and we know there's a lot of opportunity here. you provided some of the data and you have, of course, you can help teams manage their own data. is that your advantage in this? carson: based on this data we apply algorithm, machine learning, a.i., who make products for our clients to do a good business. sport betting operators, they need probabilities. they need to manage risk. they need to do programmatic. the data we have as a raw material. taylor: carsten, talk about the i.p.o. that didn't work out? carsten: we have been running a duo-tracked process from the beginning. if you run those two tracks, it paid off for us. i had to do a decision at o