he is also the guy who wants to take your guns away, taken money from michael bloomberg, promises ton to eliminate the right of law-abiding citizens. >> laws like universal background checks, ban on assault weapons, reinstate the one gun a month law, extreme risk law, we can do this on jul. the time for action is now. >> tucker: so get rid of the police, hike the murder rate, then prevent you from defending your family, that is the program. jason vie on rose is trying to stop that. thank you so much for coming on. give us your pitch, if you would. this race matters, we do not pay enough attention to attorneys general races, why are you preferable to that character? >> tucker, thank you for having me. if you want someone trained as a politician, mark herring is in your hand. if you want someone trained as a prosecutor, i am your candidate. the murder rate at a two decade high, and a lot of politicians have played political games, far left political games with our safety, going back from our schools to these local commonwealth attorneys, these prosecutors that have been funded by these

the johns hopkins pool of public health is founded by michael bloomberg. is is bloomberg. ♪ baaam. internet that doesn't miss a beat. that's cute, but my internet streams to my ride. adorable, but does yours block malware? nope. -it crushes it. pshh, mine's so fast, no one can catch me. big whoop! mine gives me a 4k streaming box. -for free! that's because you all have the same internet. xfinity xfi. so powerful, it keeps one-upping itself. can your internet do that? (announcer) back pain hurts. you can spend thousands and still not get relief. now there's aerotrainer by golo. you can stretch and strengthen your core, relieve back pain, and tone your entire body. (man) and you're stretching your lower back on there. there is no better feeling. (announcer) do planks for maximum core and total body conditioning. (woman) aerotrainer makes me want to work out. look at me. it works, 100%. (announcer) find out more at aerotrainer.com. that's aerotrainer.com. mark: i'm mark crumpton with bloomberg first word news. democrats may have to live with a less generous ex

i, i, i know you're shocked and you can ask michael bloomberg, why they contributed a $160000000.00 and sigma the trade organization for financial firms like robin hood contributed $15000000.00. so they've always been politically active in this area. and so how much power to the fcc happier, even if it doesn't move to ban as you just mentioned, there's no appetite to do so. are there other ways of looking at moving to limit companies like a like a robin hood or td ameritrade that focuses on retail banking or retail on trading? i absolutely. and i think the easiest way to do it is through finra. so robin hood is not only registered with securities and exchange commission, they're also a fin, remember, broker dealer, the fcc has complete authority over finra. so i think the se c puts pressure on finra. to look at robin hood to look at their practices, to start examining them, and to put pressure on them to change the way that they do business. and more importantly, to change a relationship, say hab, with both the retail and institutional customers. now when it comes to those losses that h

in the role of philanthropy and thinking about how they are running institutions, michael bloomberg gave more than a billion dollars in one fell swoop to john hopkins. if you distributed that to all of the 100 hbcus, it isn't a lot of money for them, but it is a significant sum. for some institutions it would have been the largest ever single donation. my oldest institution just a couple of weeks ago received the largest donations in its history of $2.2 million and this was the largest ever single donation and it's almost 150 year history. so, thinking about that and the fact people often point to philanthropy for a possible solution to put it straight to your endowment, i think that we have to think more extensively about the redistribution of endowment or you know, how we are pushing philanthropy towards giving to institutions. >> totally with you. we probably have time for one last question from someone in the audience who i'm going to read both of them to you and then you can feel free to answer whatever the last few minutes that we have. i'm curious about the research and educationa

you see accountability when they leaked the jeff bezos and michael bloomberg records, they said "trustntable." what are the result of that? they are simply investigating you. >> greg: dana, your thoughts? >> dana: on the irs issue, i talked with people who work on the senate side. this issue of the irs expansion that biden wants to do was one of the top three issues senate officers are getting called about. they are mad because it is a $97 billion -- they are mad about that because you know small businesses are going to have to eat that. they don't have the lobbyists or accountants that could help them navigate that. the interesting thing is that republicans are saying, and trump really pushed this -- cutting red tape for small business. biden wants to cut red tape for the irs agents and hire more of them so they can go after you, but i also think it's important: president biden has nominated a woman who would become controller of the current -- i cannot believe this. she went to the university of moscow on a lenin scholarship. she has said that the market does not always know best. ba

. >> he spent $60 million to become a mayor of new york city, but michael bloomberg, what he does nowhallenge for everybody. >> you call the shots. >> i have 8,000 people at the company that i work with. they don't work for me. i work with them. it's why we been successful. >> he is considered one of the most controversial billionaires on the planet. last time i checked, there aren't a lot of billionaires on the planet. >> you see a slow down. many agree with you. it's the slow down that is becoming -- thousand bubble that bursts -- >> that's the $64 question. i am on the fence about it. there is no question that the housing bubble is being deflated. there are other positive developments that may come to balance it. >> perhaps the most polarizing figure in corporate america today, the one message ceos fear most getting from their secretary. carl online one. >> i can make -- i'm no genius, i can go into any company, go into it with 30%, make the company turn it around, which i've done over and over again. i am not a genius. it tells you one simple thing: many companies are terribly run

howie: joining us now, michael bloomberg, fox's chief cash-mike emanuel.itch mcconnell. he's getting it from sean hannity and liberal pundits. don't the media punish anybody who agree to the slightest compromise,. >> this is kind of the environment right now, you're either in one camp or the other. if you come together, then that kind of defeats, i don't know, the narrative or the ongoing battle, the war of words and so, look, mitch mcconnell, my understanding is, was talking to financial people who said, you know, don't spook the markets. if so, you'll be blamed for it. howie: you don't have to wait for the day of the default. he did blink after president biden called him out in a speech. it's striking to me, look at the stakes here. you spook the markets, you can lead to a government shutdown, could lead to a default all of which has real consequences, not just a game. >> plus, one of mitch mcconnell's top priorities right now is to do nothing to jeopardize the midterm elections. howie: yeah. >> you look at the democrats right now. they're struggling on

anna durbin, of the johns hopkins bloomberg school of public health, of course supported by michael rerg. coming up next, turning to panera as it becomes the first fast casual restaurant to set a positive climate target, we talk about that move with the ceo, coming up next. ♪ amanda: this is "bloomberg markets," i'm amanda laying alongside matt miller. the u.n. announced that the world still headed for catastrophic levels of global warming at -- even after a slew of global warming climate changes -- climate change pledges have been made. panera bread today announcing that they are pledging to become climate positive. great to have you with us. let's start with this, the pause -- the promise to be climate positive, you are going a further step from net zero. what does it involve in your planning? >> thank you for having me on the show and i really believe that climate change is perhaps the most significant challenge confronting us at this point in time together and food production going on to be 25% of greenhouse gas emissions, i think it is a moral imperative that we all step up and d

michael bloomberg a more than them billion dollars to john hopkins. if you distributed that to 100 hbcus, it's not a lot of money for them, but it's a significant sum. for some institutions it would've been the largest ever single donation and my own institution alabama a&m just received the largest donation in its history up to $..2 million and this was the largest single donation in its history. so, thinking about that, thinking about the fact that people often point to this as a possible solution, i think we have to think more expansively about redistribution of endowments or how we are pushing philanthropy towards these institutions. >> i'm totally with you. we probably have time for one last question from someone in the audience who also-- i'm going to read it to you and then feel free to answer whatever in the last few minutes we have research and educational funding and inequality office encompasses grade school and high school and what are the similar differences in the problems with higher ed and-- [inaudible] then, mike writes i suggest the

director of the institute for vaccine safety at the johns hopkins bloomberg school of public health. the school is supported by michaeloomberg. he is the founder of bloomberg lp and bloomberg philanthropies, and the big bus of this television channel as well. coming up, we did further into the moves in commodities today. they are big. crude, marching higher. just under $80.94, there's the nymex. this is bloomberg. ♪ baaam. internet that doesn't miss a beat. that's cute, but my internet streams to my ride. adorable, but does yours block malware? nope. -it crushes it. pshh, mine's so fast, no one can catch me. big whoop! mine gives me a 4k streaming box. -for free! that's because you all have the same internet. xfinity xfi. so powerful, it keeps one-upping itself. can your internet do that? >> u.s. treasury secretary janet yellen says she expects congress to follow through on a global tax deal. last week, 136 countries agreed on a minimum corporate tax rate of 15%. secretary ellen told abc she is confident attacks will be included in a budget reconciliation package. -- the tax will be included in a budget reconciliation

out of his pocket to become mayor of new york city but what the feisty self-made billionaire michael bloombergme. >> you're used to being the guy in charge you call the shots. >> no i have 8,000 people, the company that i work with. i work with them. and that's why we've been successful. ♪ ♪ neil: he's considered one of the most controversial billionaires on the planet last time i check a lot of billionaires on the planet george is back with us do you see a slowdown in agree with you but it is a slowdown next year a recession or worse, a housing bubble or -- worse? >> that actually i honestly am very much on the fence at mr. speakers. because there's no question that the housing bubble is being deflated. but there are other positive developments that may counterbalance it. >> perhaps most polarizing figures in corporate america today one message ceo getting most from their secretary. carl icahn on line one. here's a no-brainer. i can make i don't know genius managing companies. i can go to the company and any company we go in to 30% make that company turn it around which i've done over and ove

neil: he spent $16 million out of his own pocket to become mayor of new york city, but what michael bloombergnyone's guess. >> it's a daunting task, but this just means it's a greater challenge for everybody. neil: you call the shot -- >> no, no, no, i have 8,000 people at bloomberg the company e work with, they don't work for me, i work with them. and that's why we've been successful. ♪ neil: he is consider one of the most controversial billionaires on the planet, and last time i checked there aren't a whole lot of them, george soros back with us. many agree with you, but it's the slowdown you see coming next year, the recession, the housing bubble -- >> that is the $64 million question, and i honestly am very much on the fence about it. there's no question that the housing bubble was reinflated, but there are other positive developments which may come to relevancy. neil: perhaps the most polarizing figure in corporate america today, the one message ceos fear most from their secretary the, carl icahn online one. >> here's the no-brainer, i can make -- and i'm no genius. any company, make tha

let's bring in michael mckee, bloomberg international economics and policy correspondent. it looks like we could be heading towards higher inflation, lower growth. is this stagflation staring us in the eyes? michael: actually not, and i will explain in just a moment. but you're right, the numbers on growth were not good this quarter. the narrative was that we would have strong growth come up by the end, people accepted the fact that it would be low, and it is 2% so far on an annual rate, lower than the 2.3% average of the five years up until the pandemic. what happened? consumer spending, only 1.6%. 26% decline in durable goods purchases, led by a 70% decline in automobile purchases. can't get the cars, you can't buy them. same thing with other durable goods as supply chain problems lock in. the same supply chain problems hit business investment up only 1.8% in the second quarter. the good news today, 281,000 jobless claims, a post-pandemic low. i will get back to that in just a moment. what's really influenced the numbers this time? inventories and trade. inventories decli

we do it next with the grayscale ceo, michael sonnenshein. this is bloomberg. ♪ taylor: it was a big day for crypto. earlier this morning, we saw trading of the proshares bitcoin futures etf. a nice increase in the morning around 10:30. it has turned negative, but we ended up near the highs of the session, all of which as the price of bitcoin at a near record. all of this is really interesting in the midst of the conversations you are having at milken. you spoke earlier with the global cio of guggenheim, saying this trading of the bitcoin futures etf is pretty interesting. >> this coin in and of itself is difficult. you end up -- you have to be in something that is a tradable vehicle like an etf. i think the etf is an interesting development. caroline: let's stick with this focus of institutional money getting into crypto. michael sonnenshein is with us, grayscale investment ceo joining us from new york in an exclusive conversation. on the heels of this new bitcoin futures etf, you are filing to turn your grayscale investment trust into an etf, right? how quic

i will bring in my colleague, bloomberg's michael mckee. numbers but some people say there is underlying strength. michael: there was some not so bad news. you have people looking to the overall hours worked, which rose .2%, suggesting the economy has not slowed down tremendously. we did see the unemployment rate fall to 4.8%, largely because people left the labor force. it is not a great report but most of the categories that did go dow

we will talk with michael on monday on bloomberg radio, i believe, who runs that group, but how is this to be different? will they compete for members? >> i do not think it is a competition, i think that they each have their niche. tiger 21 is great and people in that group tend to have at least $10 million in liquid assets. but generally have an average net worth of maybe $100 million. and tiger 21 also takes a holistic approach, but it is known for being investment focused. they have the portfolio defense, a process where you meet with 15 people in your area and you present or open the kimono on your portfolio and everybody can weigh in and be critical, or positive, or just give you feedback. that's one of their main claims to fame. i they that they both can coexist, although some of the people who started this were former tiger 21 chairs. amanda: that is the question, how much turn will there be in this kind of organization, is their room for the organization? >> yes, as you know the world's wealthiest are just getting wealthier. and, you know, that pie is growing very quickly. and i

. >> he was a michael bloomberger.gold, what 100 years ago, he closed it up because he didn't want anybody to find it. he died. this is where the legend comes from. >> that's passed onto us because we didn't own the property then, so we didn't tell anybody and our dad was very pragmatic type of a person, didn't belief in fairy tales and he kept telling us, if you get the property, this is where it was at and this is what was told to his dad. >> the series has got you guys going for it. >> if we can find that and presumably fairly rich, then there's a bigger target that we are after, the bigger picture, there's a big feeder system that and we are not the only ones that had those ideas even back in the 1920's before world war ii, mining companies tried to get under this hill. that's what everybody has been trying to get into so they would give us enough money to go after the big target. cheryl: they shut down the mines in world war ii, during world war ii, correct? why was that? >> they did. it was a government ruling be

. >> -- is the fact that it's so rare, do you think you may have a bit of a backlash like michael bloombergnly time it's happened. i'm the first democratic nominee ever to be nominated twice as governor. nobody leaned in the black and brown community, the way you did on your pardons and restoration rights. i ban the confederate flag. and personal income went up 14%. unemployment dropped in every city and county. so, i had leaders in the house and senate. i had leadership of the black caucus. all come to me and said covid has been brutal. we need you back. listen, i ran in a big primary. we had five people in the primary, as you know, i won every city and county that's the first time any democrat or republican has done that in 80 years. there's a lot of excitement and support. they needed us back. i'm the guy -- you know what i'm able to do, raise teacher pay above the national average for the first time after at-risk 3 and 4-year-olds, i'm going to get them pre-k. i'm going to get a second 23, start our own marketplace. i'm going to bring health care premiums cost and going after the drug c

we want to get to bloomberg's michael mckee with a roundup of all the numbers you need to know. spend, apparently. michael: your country thanks you. they hold onto this debate about inflation or reflation, because inflation is the story today. we are looking at the personal income numbers. they come in better-than-expected, up 0.8% for the month after a revised incline of 0.1% in the month of july. these are august numbers. the spending numbers come in a little bit at 0.4% -- 0.8% for spending, sorry. getting confused here. here's the bad news. the bad news is the spending numbers are not adjusted for inflation. adjusted for inflation, they were only up 0.4%. in july, there was a 0.5% decline. for the quarter, we are seeing a very weak consumer spending number, and people are marking down their gdp forecast because of that today. the other number that comes out in this release is the pce price index, which matters to the fed. i forgot i through this in here. this is wages, and this is transfer payments. you can see how the economy has shifted. wages are still rising, up 0.5%, bu

michael: i have no opinion about one coin versus another coin. i stay in my lane, emily. bitcoin. that does it for this edition of "bloomberg technology." o, look. michael: bitcoin is my lane. emily: let's talk about your bitcoin lane. we have seen a massive crackdown in china. we are expecting waves from that shock to impact the bitcoin ecosystem in the u.s. one of the interesting things we have been talking about is the talent flow out of cryptocurrency companies because u.s. regulation has remained uncertain, and there are these other companies that potentially have more certainty. do you think that will have a negative impact on the industry and the enthusiasm we have seen over the last couple of years? michael: well, i think the china crackdown was the best thing that ever happened to bitcoin, because the entire bitcoin mining business moved from china to the u.s., in the u.s. became the world leader in bitcoin mining, so that was a good thing. i think, in fact, regulatory certainty became clearer for bitcoin, that the crypto world outside of bitcoin is waiting for clarity on stable coins, security tokens, and defi, but the bitcoin

the big number we are going to be focusing on, bloomberg's mike mckee. michael: these numbers aren't going to change anybody's mind about tomorrow because they come after the survey period, but they are reassuring in this way. we saw jobless claims for the last month including during the survey week rising, and that wasn't what people expected to happen. now they have gone back down again, so that is reassuring that the labor market continues to heal. this is the total number of people who have been getting benefits. that is the cliff they had with the extended federal benefits went away, so all of these people not getting benefits anymore, there's a feeling that they will end up in the labor market, and we may see relatively strong job gains. here's what we are expecting for tomorrow. there has been a change in the troubled -- in the total number. we are at 500,000 now. it was 488,000 yesterday. that would be roughly double the august number, and that should be good enough to keep the fed on track for tightening. unemployment expected to fall a tick as the part

bloomberg. today we talked to michael mcguire, and one of the biggest winners of the crypto boom might be digital asset exchanges. there are 414 exchanges with the market cap of $1.8 trillion. the top 10 exchange as much as $33 billion on any given day. most of the top 10 are based in asia, like finance, the biggest exchange which handles $18 million in volume. a transformative moment for the u.s. when coinbase hit $100 billion before falling in the trading debut. it got the attention of wall street titans and big banks and was billed as a shift in legitimate see. china's ban on crypto and mining and gary gensler called the industry "the wild west." it wants rules and regulations and wants to create new products to trade. you can buy and sell crypto on a platform. you could also trade tokens backed by physical commodities, gold, silver, platinum, nickel, cobalt, and copper. they hope that investors will trade. the platform is scheduled to go live by october or november. i sat down with the ceo and asked how he hoped to grow volume and liquidity. michael: we built our blockchain that is created an

bloomberg technology." make sure you tune in tomorrow, we will be joined by microstrategy ceo michael sailor, and others. g in san francisco and this is bloomberg. ♪ this halloween, xfinity rewards is offering up some spooky-good perks. like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote for an exclusive live stream with jamie lee curtis. a q&a with me! join for free on the xfinity app. our thanks your rewards. the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. ♪ >> the following is a paid presentation for a premium mattress topper, one of the fastest growing city companies in the world. >> what is captured these people's attention? >> it feels like it is for a new mattress. >> is not a new mattress greeting this.

to take us through that, we have the full bloomberg team in attendance. michaelet to all three of our expert voices. michael, let me come to you first. andre babbage, the story out of the czech republic, is he going to stay in power? >> it is looking increasingly unlikely. he narrowly lost the election and his opponents are now working with their potential coalition partners. to create a new government. that decision lies with zeman, who was rushed to the hospital yesterday. it is becoming more difficult for babis to hang on. tom: we have a new leader in austria in light of this corruption scandal. what is going on? , >> >> it started wednesday with prosecutors rating offices in vienna. it culminated saturday with him resigning. he will resume a role in parliament. his prime minister is taking his place and will be sworn in today. the question is how much influence will he retain and whether he can orchestrate a return to power. anna: we will see if kurz stays in the mix behind the scenes. let's come to you on what has been happening in poland. over the weekend,

michael. coming up on the show, the fda appears to be approving pfizer vaccine for children age five to 11. we will discuss that news, coming up next. >> this is bloomberg markets, and i am amanda lang alongside matt miller. the fda is expected to authorize the covid vaccine for children aged five to 11 today. this is a long awaited pandemic milestone that will open a new space of the immunization campaign. our white house correspondent is with us. what is the sense of how quickly we go from this approval to shots in arms? >> less than the week if things go as they hope they will go. this is sort of step 204. the fda is expected to momentarily here from them. that comes as the cdc advisory committee is scheduled for monday and tuesday, and the cdc gives the final ruling. that will speed up the process. wednesday, you will have the same process, and it seems like wednesday is the day schatzker going to arms. the key thing for today, as it is only step two, it can actually ship. it is going to be shipping differently, and now they will get the same shot. you will get the first and second booster, and anyone 12 and up is getting that one. it will be 10 mic

here to give us an understanding of what we've gotten, bloomberg's economics and policy correspondent mike mckee. michaelhere you got too low, here you got too high. the headline the burgers up to 5.4%, while the core stays flat at 4%. we will have that argument that goes on between the raphael bostics and richard claridas. the idea is you put this together with this, and maybe that means they can go ahead and taper. you mentioned food and housing. those were the two biggest components that accounted for more than half the rise in the cpi this month. food and home in particular up 1.2%. it is really rising quickly. bacon was up 19%. that's my favorite. that is going to be a lot. i put this in here, gasoline prices were up significantly as well, but natural gas is what everybody is talking about. i know guy this is roughly double what it was in august. we will see that continue. used cars, we thought they might go back up again. they continue to go down, and apparel prices, especially for women's suits, fall. so i guess alix and everybody else is still wearing sweatpants to work because of women's dresses

michael mckee with america and the economic data. stay with us. this is bloomberg. ♪ laura: with the first word news, i'm laura wright. president biden is set to announce that there is an agreement on his economic agenda area bloomberg has learned president will announce that democrats have agreed on a framework of tax and spending proposals that he is optimistic congress can pass. he will go to capitol hill and brief house democrats on a deal. later, the president will speak at the white house. in taiwan, president tsai ing-wen says she has faith the u.s. would come to the island's defense if china tries to invade, a comment bound to annoy beijing. tsai told cnn the threat from china is increasing every day, and confirmed the presence of u.s. troops in taiwan. cnn says there are fewer than three dozen american servicemembers there. the price of european natural gas and power fell today after signals from president vladimir putin that russia will send more gas to the continent next month. putin has told them to start refilling european gas facilities next month. ca

bloomberg surveillance. we welcome all of you. it lisa, we are going to get to the markets with michael purves. if president and first lady finishing up a meeting scheduled with the probe to begin a true lateral meeting with the secretary of the state for the vatican and sergio montebello of the republic of italy, the italian republic i should say. a meeting with his excellency. >> it was a difficult thing to swallow. i think this is a fascinating moment as we head to g20. we have two of the most powerful catholics and the world meeting today to discuss the most important topics of the day which is ending the covid pandemic as well as climate change. heading into a very desperate weekend. >> i know you are going to brief us on it as well as annmarie hordern, but the elephant in the room is where is china? where is russia to mark -- where is russia? >> so when you will about them, but they are powerful. >> these international relations, we saw that yesterday. is everyone within the economic system that the pope judges tries to figure out how to extricate themselves from this pandemic natural dis

bloomberg invest conference. we expect to hear from a host of leaders in the field. michael are getting, greg jensen, and jean heinz. a lot of bearishness on china. this is compelling. we heard from jonathan fitzpatrick saying, we are not putting money into china right now. others are saying, perhaps it is on investable. jonathan: i always felt like secretary ellen is speaking directly to men. she's looking on the cameron speaking to me. thank you very much. will be catching up with him later. tom: boy does he go after them about their core response ability which is inflation and jobs. he speaks on inflation here, and it is the cliche, but we have real authority. the fed is fighting the last war on inflation. you really have to wonder -- there is a certitude here. it just cannot be the 1970's. the red sox cannot win. we cannot have inflation. jonathan: the red sox did win. tom: five minutes and 36 seconds late. i what might a small tie today -- i want my baseball tie today. are we fighting the last war? is disinflationary war or is there something different going on? jonatha

bloomberg surveillance. we welcome all of you. it lisa, we are going to get to the markets with michael purves.and first lady finishing up a meeting scheduled with thebe

michael voss they were better. jonathan: coming up, dr. adalj : joins us. your 10 year down to basis points to 1.5926. this is bloombergigh-ann: washington averting the immediate threat of catastrophic default today. the house scheduled to vote on a short-term increase on the borrowing limit. it is good for less than two months and then congress faces a bigger showdown over debt and spending. oil above $80 today. >> texas intermediate futures little changed, expect haitians -- expectations demand will lift . the european union record demand for green bonds. more than $156 billion in orders today for $14 billion of securities aired the money will be used by eu nations for energy efficiency, and climate change adaptation. here in the u.k., a parliamentary report found that boris johnson's government made serious mistakes in the early handling of the pandemic. lawmakers say imposing a lockdown quickly would have saved lives. in china, tesla overcame a slump in car sales are the electric vehicle rose for second month in a row, more than 52,000 teslas sold. china's auto sales fell 17%. global news 24 hours a day, online and

bloomberg's todd gillespie watching energy prices. let's talk about the adp number. mike mckee, walk us through the numbers. michaelas we know, adp is not a very accurate predictor in terms of numbers, but it does give us a sense of direction. it sets us up for friday's payroll report. adp comes in better, 568,000. you can see that is better news. better news from adp manufacturing, from the ism manufacturing. a little bit lower for services, the yellow line in terms of the ism, but still relatively high. all those people who fell off the jobless roles when the extra federal benefits stopped, theoretically they should be looking for jobs. here's what we are going to look for on friday. it has come down a lot, 488,000 come up that is still about twice what we got in the month of august. 450,000 would be the number comparable to adp, and unemployment down a tick. no changes in the participation rate. here's the bottom line. does the fed continue with its taper? jay powell was asked that at his last news conference. here's what he had to say. "for me, it would not take a knockout super strong report. it would take a r

bloomberg. ♪ ♪ manus: it is "daybreak: europe." the bank of england, two officials moving toward the narrative of shifting the policy down. michaelers and andrew bailey doubling down on the possibility of an imminent rate hike amid rising inflation risks. what does jane foley think the risk is of a november rate hike? not just one but two, the governor and his friend doubling down on the rate hike narrative. how live is november for a rate hike from the bank of england? good morning. jane: good morning. it is very live. the comments are certainly out there and the money market is bracing itself for a potential move. this might just be a normalization, a small move, that there are plenty of reasons to be worried. we only need to look at the headlines, energy prices going up, that will be a massive tax if you like on consumer incomes. then we have 20 pounds a week that was removed from people in lowest incomes and we have a tax hike next april in the form of an insurance hike. the question is, can demand sustain if they hike interest rates in this period? manus: you have just help me -- helped me re-stack the shelf of risk and head

michael mckee will be your man to read out that number. from new york, the estimate 500,000, four minutes away. this is bloombergthe comfortable way to work out. -that looks fun actually. -it looks fun? it looks comfortable and fun. it looks like something i would put by the pool -or something. -looks like a paisley. -hey, a paisley, we'll take it. -yeah. oh my god, i could do this and watch tv at the same time. -exactly! how do you feel? -it feels good. feel my heart racing a little bit, ya know, gotta catch my breath a little bit, but it's good. oh yeah, i can definitely feel it. fantastic. oh yeah, i can do this. this is easy. yeah, that feels great and definitely better than the floor. treadmills, you've seen the bikes with clothes hanging on them, but people don't use it. what's the point? the aerotrainer, people want to use it. -wow, this is easy! -absolutely! it feels good. it feels sexy. i love this, aerotrainer, i want one. i like this. like, i can do this. i want this in my house. (host) wondering if the aerotrainer is tough? you bet it is. (upbeat music) ♪ (engine revving) jonathan: 10 seconds away. y

bloomberg surveillance." economic data is seconds away. equity futures up .9%. your 10 year yield up one basis point to 1.5346. with economic data, here is michael mckee.hael: let's take a look at the numbers. 326,000, which is a decline from 362,000. the first time we have fallen in four weeks. the forecast was 348,000. good news from claims numbers ahead of the jobs report for the month. we will look for any kind of change we might see in the forecast for payrolls tomorrow. we did see a change overnight as the adp numbers got incorporated into the release. we are now looking at 500,000 jobs created instead of 488,000. maybe this will be a reason for optimism. jonathan: the right kind of downside surprise on claims. yields higher by a basis point. equities are firmer, up .9% on the s&p. payrolls friday, 500,000 the estimate. michael: whether we get 500,000 or not, something that range will probably be good enough for the fed. they are looking for improvement over the 235,000 we got in august. one of the biggest changes is the drop in the number of total people getting jobless benefits. that has fallen in the week that followed the jobless week. it was

michael, thank you for joining us. we return to apple's unleased event and bring you the latest regarding the chip announcements and updating products as the stock rises to session highs. this is bloombergthis is bloomberg markets. i'm matt miller with amanda lang. we are continuing to follow this apple event getting more headlines from the company in terms of new products we are going to see from apple. new macbook pros specifically in the increases that they've made in terms of capabilities, high-res graphics, microphones and speakers etc. etc., obviously thinness is important as well. we are talking about what we've learned. what are the most important headlines you are seeing about the macbook pro? >> millions of creative professionals are probably cheering that apple is actually listening to them. we had this trend where apple would simplify devices make them look cooler but then you had to add all these cables. now apple is adding more ports to their macbook pros. they added an st card and they got rid of the touch bar and put in the physical keys. so they're actually listening to their customers and adding convenience back to their laptops. i'm sure tons of creative professionals

michael: a nice change from adp. markets will probably react nicely to this one. 568,000 jobs in september. that is higher than the 430,000 anticipated by economists surveyed by bloomberg00 in small businesses, one hundred 15,000 in medium businesses, and large businesses adding 390,000. manufacturing, 49,000. that is one of the biggest numbers in quite some time for manufacturing from adp. service providing, 466,000. that would encompass the leisure and hospitality range, which they see as 226,000. a report like this would be well received by the markets and probably by the fed. as you remove her, jay powell said if we've got anything that is decent, the fed could go ahead and taper. so with a forecast for 488,000 jobs on friday, 500 some would be a better result. jonathan: not moving off the back of this, i have to say. equity futures down 44 on the s&p, basically where we were going into the print. on nasdaq 100 futures, we are -1.68%. bonds are higher, 1.5432%. the dollar still stronger. euro-dollar which -- euro-dollar , negative 0.5%. 488,000 is your median estimate for payrolls. the low, a friend of this program, thomas costin in at zero. tom: we will see if we

bloomberg shows that were viewers that the r.s.i. is on overbought territory, where do we go from here? michaelat's a good indication that prices are getting stretched. in the long term, thinking about crude oil, we're basically at the same price as 2011 around $80. remember that was support. now it's resistance. to put into context, this is a major shift, a perfect storm. opec discipline has been unprecedented, we have never seen this kind of discipline for opec. i don't think it's going to last that long. supply will come on as it always does. u.s. shale costs in 2011, 2012 were $70, now they're $30. unless free market capital doesn't kick in, we have low inventories, that's how you put peaks in prices once you get back the storm, a pretty significant storm at the moment. >> we have seen output when it comes to u.s. shale closing. has the cost discipline story created more of a buffer? michael: sure, supply has declined partly, but it's reaction to last year. prices went negative. the average price of shale based on metrics, $35 a barrel. two years ago, it was $50 a barrel, you're seeing that

bloomberg surveillance" live on tv and radio. the equity market up 14. it is all about the two, two days of gains, just two weeks of gains, 2% away from an all-time high. michael: what a drop -- tom: what a draw up it is. we have made back 64% of the bloom we have seen a week ago -- it was a week ago this friday. it has been an extraordinary week. jonathan: two events still to go. goldman sachs earnings and retail sales. 8:30, a couple of hours away. tom: to me the real issue is the x axis of the slow down of this booming economy and the tilt this week as may be we do not get back down to the low single-digit numbers, 1% or 2% economic growth, maybe that is pushed out longer. jonathan: your equity market positive. lisa you will run us through the events into the weekend. the pboc says everything will be ok. lisa: they have been trying to tell everybody they have the situation under control and encourage banks to lend more when it comes to housing debt. this time they say they are urging developers and shareholders to fulfill that obligation. please play your debt -- please pay your debt. also saying ever grande risk -- the fact they are saying says they are co

bloomberg's international economics and policy correspondent mike mckee is looking into the details. stronger numbers when it comes to consumer confidence and new home sales. what was your take away from it? michaelthe interesting goof up in our graphics here, where the chart i wanted to show you went away. but basically, we saw earlier today your over your home prices up 19.7%. the new homes number that just cannot a few months ago, new homes prices over the year up 18.7%. two things that should feed into inflation and have some people worried about the 1970's and that kind of inflation. but the thing is, in 1983, they changed the way they calculate home prices in the cpi, and that changed everything. we don't get that kind of big jump anymore. that is something to keep in mind as we go forward. it is a concern, higher home prices, but it is not going to be the 1970's. we will see in the rest of the data comes out this week. last month was the widest ever, and that suggests that we could see a cut in third-quarter gdp. we will get that on thursday. 2.6% is the estimate, the consensus estimate, but some on wall street seeing it higher than that. the atlanta fed says only 0.5%. friday, we get the

bloomberg's sonali basak joining us there. another company making its wall street debut is chicago-based restaurant chain known for its hotdogs and roast beef sandwiches, portillo's. let's talk to the ceo now, michael. michael, $28. your thoughts. michael: just listening to what you were saying about a tough ipo market, i think that kind of belies that a little bit. we are excited by that. we think we have an amazing growth story, and i think it just suggests there's a lot of appetite, pun intended, for outstanding restaurant stocks. guy: let's talk about the growth opportunity. you've got 20 -- eve got plenty -- you've got plenty of -- would you call that, the beef truck? you're dishing out free food in times square. you're mainly based in illinois in terms of your home market. you got places in vegas, down in florida, some places in l.a. where is the opportunity? what are you going to use this opportunity to deliver in terms of expansion? michael: the great news for us is we think the full potential in just the u.s. is well over 600 restaurants. this isn't my opinion. this is a fact-based study. our growth is going to come from growing across the midwest. we are already in 7, 8 states, and we wil