then former mayor michael bloomberg goes all in for kamala harris with a gigantic donation when one uniondent describes billionaires in the political process. you are watching "mornings with maria" live on fox business. stay with us. ♪ there are many ways to deliver a shipment. at old dominion freight line, we deliver them this way. this way uses technology and goes the extra mile to do things the right way. the delivering promises on time, every time, way. with gold and copper prices pushing towards all time highs, us gold corp. offers investors leverage to both gold and copper at its project, and mining friendly wyoming. u.s. gold corp has a reserve of almost 1.5 million ounces of gold equivalents. permits to mine zero debt with only 10.73 million shares outstanding and a portfolio of world class american strategic metals assets. u.s. gold corp, join the golden age. circulon scratch defense extreme nonstick that won't scratch. ever. experience the high-performance heating of stainless steel c1 series clad and the unbeatable durability of a1 series with nonstick exteriors. get 20% off at

manhattan to bring you some of the events, headlined by president biden, and bloomberg founder michael bloomberg. that's where we will start. mr. bloomberg: none of the challenges we face can be sold by governments alone. all of them require cooperation not only across borders but governments and businesses. the more the two groups work together, the better position we will be to seize opportunities to save lives and improve people's lives. pres. biden: is the perfect time to go big, the economy is booming them a the fed just announced a lower interest rate, which should give is this more confidence to invest trillions of dollars in the industries of the future. i'm doing my part to invest more and do more. francine: the goal of the global business forum is to bring together leaders from government and business to assess risks and opportunities impacting global markets. at the top of that list is ai. here is erik schatzker. >> we live in an extraordinary time in history, a generational time. the upsides are extraordinary. the economic upside estimates have it at 17 to $25 trillion of academic up

okay, $50 million, that's a drop in the bucket for michael bloomberg. there's only six days left.nted that donation to be kept private. i mean, kamala harris doesn't need the money, right? she's got over a billion dollars in fund raising, is why with six days to go are we doing this story that he reportedly gave $50 million? stuart: i don't know the answer. >> were other donors saying, hey, mike, you've got to contribute? if he reportedly got on the phone with her and they discussed his economic plans? >> not to mention there's been a mad dash for people to get out and vote early too -- lauren: more than 50 million of them. >> it just seems a little late in the game. stuart: what's he up to? influence in a future hearst cabinet? i don't know. speculation are. >>> coming up, while the harris campaign is focusing on hate, trump is talking about hope. >> i'm here today with a message of hope for all americans. the american dream will come back. but for that to the happen, we must defeat kamala harris and stop her radical left agenda. stuart: well, the question is, whose message reson

president joe biden and bloomberg founder michael bloomberg. that's where we will start.

michael bloomberg even new york's attorney general leticia james was there after, of course, weaponizingew york's court system and justice system against donald trump and still former president trump was there getting along pretty much with everybody, he was hysterical. his jokes are going viral on social media. take a look. >> do something that's incredible catholic church, helping the poor, educating children and supporting the vulnerable. but if you really wanted vice-president harris to accept your invitation i guess you should have told her the funds were going to bail out the looters and rioters in minneapolis and she would have been here guaranteed. i must say i was shocked when i heard that kamala was skipping the al smith dinner. i really hoped that she would come because we can't get enough of hearing her beautiful laugh. she laughs like crazy. all polls are indicating i'm leading big with the catholic vote, as i should be. as i should be. but i don't think kamala has given up yet. she hasn't, instead of attending tonight, she's in michigan receiving communion from gretchen whi

the harris compact and getting showered with millions from that biggest an individual donor a michael bloomberg too. well, it's certainly true bad billionaires, a corporations and welding special interests are pouring hundreds of millions of dollars into us election bill cycle and that money is benefiting both democrats and republicans. and the problem is that regardless of who wins in november of the next president is going to be accountable to the billionaires and corporations and well, these special interests that help them get elected. one difference with must, is that he has a lot to gain from a trump presidency of his companies get hundreds of millions of dollars in federal contracts. they're heavily regulated by the federal government and most personally could stand to lose a loss under a different tax structure. so must be investing $100000000.00 plus into this election. could be a pretty good investment with a much more substantial pay off it. trump with do use of was that is, is, is interesting and sort of changes the way you think about that, that these political donations are invest

the harris compact and getting showered with millions from that biggest an individual donor, a michael bloomberg to? well, it's certainly true bad billionaires, a corporations and welding special interests are pouring hundreds of millions of dollars into us election the cycle and that money is benefiting both democrats and republicans. and the problem is that regardless of who wins in november, the next president is going to be accountable to the billionaires and corporations . and well, these special interests that help them get elected. one difference with must, is that he has a lot to gain from a trump presidency of his companies get hundreds of millions of dollars in federal contracts that are heavily regulated by the federal government. and most personally could stand to lose a loss under a different tax structure. so must be investing $100000000.00 plus into this election. could be a pretty good investment with a much more substantial pay off it. trump with do use of was that is, is, is interesting and sort of changes the way you think about that. these political donations are investments

but brie also has some big spenders behind her, like michael bloomberg, the former mayor of new york who donated more than $1 million in support of brie, as well as hundreds of thousands of dollars from various labor and police unions. and while lowery has gotten the biggest checks, he's not getting the most checks. london breed has at least 1100 more individual contributions than her competitors. peskin has the second most, followed by lowery. it's probably no surprise that as lowery has raised the most money. campaign finance records show he also has spent the most almost 6.3 million. the next closest breed has only spent 1.5 million. in a trail sore from there. keep in mind that's just how much each candidate spent from their own campaign war chest. it does not include expenditures from pacs or other outside groups that support them. taxpayers are also contributing to these campaigns. mayoral candidates can receive up to 1.2 million, depending on the amount they've raised from their personal campaign committees. both breed and farrow have received around $1 million in public funds

political action committee or pac aligned with harris and billionaire and former new york mayor michael bloomberg has donated to harris. so what's in it for them? marian 8, austin, for example, has always had issues related to israel very high on her to the radar. with social media candidates can target tiny slippers of the electorate with pin point precision. as we all know, facebook, google takes time. ok. they all know everything about it. so you can target, you know, previous owners living in the suburbs of, you know, hits burg, who commute analysts see the huge amounts of money. harris is raising as a sign of greater enthusiasm on the democratic side. in recent history, the candidate with the most money has always won the popular vote, but that doesn't always translate into victory. both al gore and hillary clinton had more money. and one more votes, what they lost in the electoral college. and that could happen again this year. rob reynolds, l g, a 0, los angeles for more information online or websites visit alta 0 dot com coming up next. it's phyllis thing post. thanks for watching. bye by

political action committee or pac aligned with harris and doing an error in former new york mayor michael bloomberg has donated to harris. so what's in it for them? marian 8, austin, for example, has always had issues related to israel, very high on her sort of radar with social media candidates can parks, tiny slivers of the electorate with pin point precision. as we all know, facebook, google, tick tock. they all know everything about us. you can target, you know, previous owners living in the suburbs of, you know, pittsburgh, who commute analysts see the huge amounts of money, harrison's raising as a sign of greater enthusiasm on the democratic side. in recent history, the candidate with the most money has always won the popular vote, but that doesn't always translate into victory. both al gore and hillary clinton had more money and one more votes. but they lost in the electoral college. and that could happen again, this year, rob reynolds, l g 0, los angeles. the was which is mine 11 months cuz we warned over his $1000000.00 given is to promote the voter registration. the giant checks of being

the campaign to keep it in place and reject the ballot measure is being funded in part by michael bloombergust dropped 2.5 million dollars into the opposition campaign. the campaign in massachusetts i'm more interested in is the ballot measure that would lead good -- legalize psychedelics and mushrooms. it has already been tried in a few states like colorado and oregon. >> another one you are watching is property taxes in colorado. >> a lot of property taxes and property tax bills in states across the country. the specifics of the colorado one or going to elude me but the point is this is a way that a lot of those interest groups, anti-tax interest groups can get measures on the ballot and create havoc with state budgets. there is one measure in north dakota this year, i hope i'm not misspeaking and it south carolina -- south dakota, that would effectively get rid of all property taxes. you can imagine the hit to the state budget that would do. eliminating something altogether -- that will blow a hole in the budget. we will see what legislators would do about that. presumably they would hav

bloomberg's michael shepherd with us on a special edition of balance of power. coming up, the live interview we are standinbyor t former president donald trump in chicago with a bloomberg editor john micklethwait with the questions in partnership with the economic club of chicago. stay with us. we are about to begin live and in full on bloomberg tv and radio. kailey: welcome back to a special edition of balance of power on bloomberg tv and radio. alongside joe mathieu. we are waiting for editor-in-chief john micklethwait's interview with former president donald trump in connection with the economic club of chicago. this stage is set. the audience has gathered. we are about to see a conversation, notably, not a speech like we have seen from give at economic clubs in other cities. it is an interview where he could face tough questions about policy proposals. joe: we are hoping for a spirited back-and-forth and hopefully new ideas for how to pay for policy proposals donald trump brought forth over the past couple weeks. as we stand by for them to take the stage we a

will: it's been a while over 20 years last republican elected in new york was michael bloomberg in 2001udy giuliani who restored the city to greatness you wonder whether it is time for the moments again. will: were it in play to say today -- so it is same issues honestly that are afflicting most of america let's start with -- food and inflation new yorkers are spending 4,452 a year more on food under biden-harris administration. pete: another part of this issue as well but they're paying more citizens are paying more for shelter watching government pay for illegals to pay in luxury hotels around city. >> this is how much more since paying on energy spending 4,000 you and i had a fascinating conversation with somebody and won't reveal they're name but cooking on a hot plate in new york city apartment because natural gas will not openly outlawed yet almost regulated out of existence so it can't use natural gas stove. >> not able to turn it on for nine months. that's the point they want it by the way in total 29,000 in additional per household on the average cost of any good to live in the

political action committee or pac aligned with harris and doing an error in former new york mayor michael bloomberg has donated to harris. so what's in it for them? marian 8, austin, for example, has always had issues related to israel, very high on her sort of radar with social media candidates can talk tiny slippers of the electorate with pin point precision. as we all know, facebook, google, tick tock. they all know everything about us. you can target, you know, previous owners living in the suburbs of, you know, pittsburgh, who commute analysts see the huge amount, the money, harris's raising as a sign of greater enthusiasm on the democratic side. in recent history, the candidate with the most money has always won the popular vote, but that doesn't always translate into victory. both al gore and hillary clinton had more money and one more votes. but they lost in the electoral college. and that could happen again, this year, rob reynolds, l g 0, los angeles. i want to take you back to one of our main stories. funds is hosting an international aide conference for 11 on his is ready for says, cont

with the vice president tonight, jim, when we look at this, we also i believe was just today michael bloomberg, lebron james coming out just tonight in endorsing the vice president. i'm just curious. what do you make of especially these very late in the game endorsements? how much could they actually push somebody to make sure they get to the polls? >> i think it's a it's a worthwhile reminder and looked like, you know, we were talking a little bit about early voting. let's keep in mind that according to early voting in 2016, hillary clinton was going to win west virginia. she did not win west virginia, but i think like these endorsements, let's keep in mind the election day is tuesday. i know many people have been voting for weeks, but election day is actually tuesday, so i think it's still matters. and i think that for many people, it's interesting somewhat my co-panelists talking about what people remember of the trump administration and lebron's video is what i remember of the trump administration. i remember the vitriol and remember the anger and remember at 5:00 p.m. eastern, every singl

donors who have given tens of millions to harris, a super pac recently, former new york mayor michael bloomberg reid hoffman so founder of linkedin. but one analyst says candidates don't need giant war chest to when you looked at last few presidential cycles, it's not necessarily true that whoever had the most money, one now as valuable as this cash infusion could be to help purchase ads for trump analyst hans nichols says, trump and harris can benefit even more from another kind of media coverage, so-called earned media positive news coverage by the major news outlets that cost the candidates. >> nothing. nichols says that kind of coverage is often more effective than ads that voters tend to get sick of ryan todd reporting for us, brian, thanks very much. we'll be right back week and ask questions like, what does a comedy show doing? >> i don't see in it too much but i want donald now, can you slice that i got news for you saturday at nine right on cnn. there's something going around the golden good thing gertrude found delsam how, what's going around is 12-hour kfar leaf answer guilty the fam

that is bloomberg's michael mckee. oil surging following middle east tensions. what president biden said about possible israeli retaliation in iran that has markets reacting. this is bloomberg. ♪ vonnie: this is "bloomberg markets." i am vonnie quinn. moving oil markets is this short comment from president biden after a reporter asked about israel possibly hitting radian oil infrastructure. >> do support israel striking iran's oil facilities? >> we are discussing that. vonnie: it was a comment that could mean anything. it is not clear who we are and what kind of attack that would be. let's say there is to be some kind of attack on energy infrastructure in iran. does the u.s. have any choice but to support israel? >> not really. it was a typical biden off-the-cuff remark where any of those things is open -- we discuss it. what does it mean by any of those three words? it is the sort of thing that moves markets. the reality is no matter how much the white house is discussing it israel will make its calculations based on opportunity and availability of targets. we c

house d sing them all lullaby them to go about going to spend money maybe goodbye and election, michael bloombergon dollars to run for president and get some only one in with his to his big bear well know if it do that but he did not do very well. so nothing would say about money is what people have to do to get making our politics more stupid. the big money out of politics but became feingold and we had the citizens united decision some patchwork leaders can budget done based knew all the stuff but what is this talk but hundred patients and small dollaral donations and how do yu read small by being an idiot and you have to well anxiety and the fear glanced of your constituents to get them to get that like ravenous gearbox in the bar so that they can give you another $5 and part of what is corroded or discourse has been independence and small dollar contributions that is defined is acceptable discourse because it these partisans havee to do to get people to get these $5 increment dollars. >> back to the images those of you wrote regular election watchersba with us think we've heard the kevin kost

it's bring in michael mckee, bloomberg international economics and policy correspondent who will be breaking those minutes later on from the fed. do think there is anything martial -- anything marginal or extra we might learn from today's minutes? michael: it will be interesting perhaps more so than the and it's usually are because we will be able to get a sense of how many people were on one side or the other and how it came together to do a 50 basis point cut. why they thought that was important and what they thought the economy would get out of it. everybody on wall street once to know what we might learn about what they are going to do next. what markers are they looking for and what kind of policy options are they considering. is another 50 something that is even on the table? vonnie: we know mick millman dissented and she has spoken since then to we don't know other discussions went on around choosing the 50 basis points and we know fed chair powell can have quite the strong voice himself. since then there has been no consensus on whether that was the best move for the economy or not.

major funding from michael bloomberg.alf of the city, i've called home my entire life, san francisco is not wearing the shackles of your negativity any longer. building homes is progressive. paying our educators a real wage, valuing the safety of our immigrant and working families is progressive. we will continue to move our city forward to be the city of. yes. yes. no longer will we allow others to define us because we know who we are. we are a city on the rise. >> now let's soar, san francisco. >> let's soar. never, ever bet against san francisco with chevy trucks. >> be ready for adventure with power. you can count on capability that doesn't compromise a hard working ev with more range than any competitor. and the potential to take you anywhere. it's chevy truck season, get 0% financing, plus no monthly payments for 90 days on all 2024 silverado 1500 pickups. when you finance with gm financial or get $7,350 total value on this silverado when you trade in an eligible vehicle. >> when a truck hit, my son, i had so many q

but if you could buy an election, michael bloomberg , bless him, spent a billion dollars to run for president and did he get samoa or was it guam? guam? no offense, but he did not do very well. so, and the last thing i say about money, what -- god bless you -- what people have to do to get it is making our politics stupider. so we got the big money out of politics with mccain feingold and then we had the citizens united decision and then we have these super pacs where billionaires can come in and dump a bunch of money into a race and do all this other stuff. but what's the feedstock of modern political campaign contributions? small dollar donations. how do you raise small dollar donations ? by being an idiot. right? you have to be, you have to palpate the anxiety and fear glands of your constituents to get them to hit that like a rat in a skinner box, hit that bar so that they give you another five dollars. and part of what has corroded, our discourse has been, the dependence on small dollar contributions has defined down what is acceptable discourse because of what these partisans have to do

former new york mayor michael bloomberg is making a donation for kamala harris' campaign.berg donated late in election cycles because he believes he can find gaps and unmet needs. this after other donors place their bets. >>> we are exactly one week away from the presidential election. joining us right now is axios co- founder mike allen. >> good morning, andrew. >> impart some wisdom to us. what will happen here? >> two things. the last time i talked with you, i said republicans felt they were winning and democrats felt they were blowing it. the first half is more true today than ever. we have a story on axios today saying that republicans are all about projecting an air of inn evi evident built. that is what the garden rally was about. they believe they're winning. >> that's not a strategic thing. that's a thing, thing. >> a top official who has been with trump the whole journey said we have never seen the data this good. democrats -- >> what data are they looking at? >> state by state. >> are these pollings or early voter turnout? >> both. public polling, everything wit

the campaign to reject the ballot measure is being funded by michael bloomberg.n in massachusetts that i am more interested in is the ballot measure that would legalize mushrooms. it's been tried in a few states. we will see how it does in massachusetts. host: property taxes in colorado. guest: a lot of property tax bills in states across the country. the specifics of the colorado one elude me but the point is this is a way a lot of those interest groups can get measures on the ballot create real havoc with state budgets. there is one measure in north dakota this year, i hope i am not misspeaking. that would effectively repeal property taxes. and the hit you can imagine to the state budget that that would do even in a republican state. eliminating something altogether that's going up blow a hole in the budget. we have seen what legislators will do about that. presumably they would have to raise other types of taxes. tax fights are common at the ballot box. i'm from washington state and about 30 years ago there was a ballot measure to set the limits of car tabs wh

major funding from michael r bloomberg, chris larson, dignity california service employees international ethics board on behalf of the city. >> i've called home my entire life, san francisco is not wearing the shackles of your negativity any longer. building homes is progressive. paying our educators a real wage, valuing the safety of our immigrant and working families is progressive . we will continue to move our city forward to be the city of yes, yes. no longer will we allow others to define us because we know who we are. >> we are a city on the rise. >> now let's soar. san francisco . let's soar. never ever bet against san francisco this time . oh, this time maybe things work out. >> kimberly akimbo is the winner of five tony awards, including best musical. >> and now it's coming to san francisco. it's a story about growing up and growing old, in no particular order. critics have said it's profoundly funny and deeply moving. kimberly akimbo tickets at broadway, s.f. .com. >> shag carpet has offered affordable quality since 1948, growing into one of the largest and best family owned f

sonali: joining us now is michael contopoulos of richard bernstein advisors and ira jersey chief interest-rate strategist at bloomberg intelligence. ira, since i stole the chart from you i will ask what it really means. you have seen this draft higher, particularly in the 10 year. what will happen on election night if kamala harris wins given the markets are betting on a trump when? -- trump win? do you all of a sudden see a bid back in to the longer end of the curve? ira: i think that would be the case. it is possible that somewhere between 10 and 20 basis points is from the odds of him winning going up. there are two reasons for that. it has to do with policy. we know that neither party now, trump or harris are fiscally conservative. but, the market expects donald trump to have, generally speaking, more progrowth policies and may be inflationary policies. this means you have had at least a little selloff. on a trump win may be the market sells off another 5-10 basis points and if harris wins may be at rallies back 10-15. that is how i am seeing the market play out on the trump trade. sonali: how much of this tenure

major funding from michael r bloomberg, chris larson, northern california carpenters regional councilfe. >> san francisco is not wearing the shackles of your negativity any longer. building homes is progressive. paying our educators a real wage, valuing the safety of our immigrant and working families is progressive. we will continue to move our city forward to be the city of yes. yes. no longer will we allow others to define us because we know who we are. >> we are a city on the rise. now let's soar, san francisco. >> let's soar. never, ever bet against san francisco. >> going out the door means you made the smart call. did you know that the average home has over 9000 types of bacteria and fungus? call the coi to save 30% on a deep clean of your carpets, floors, air ducts, dryer vents, countertops, tile and grout upholstery and window treatments. we'll get your services clean as new for a beautiful, healthy home. pretty smart right? scan the qr code or call 800 fourcroy today to save 30%. the people you trust trust koit reignite your passion with custom anniversary bands from the jew

maybe going to predict is bloomberg's michael mckee. what is your number?150 range but only because i do not have a better gas than consensus at this point. like i have said several times it may not matter because the real number that matters is the one we get before the next fed meeting. dani: that is going to be a complicated number because of strikes, because of hurricane impacts. how should we be looking at the figures without knowledge? will it be a choose your own adventure because you can assign any narrative to it. michael: we will see with the other numbers are but the fed has said they are watching the payrolls numbers. if we get a really bad number than people may just say it was a bad number. the unemployment rate is not affected by the strikes. that probably will not go jumping, it might rise for other reasons. it will be hard to say how people and how the fed, how voters and everybody will react to something four days before the election. annmarie: you think the fed is concerned about what we are seeing in the middle east and the spike in oil

michael wolf joins us next. stay with us. we will be right back. this is bloomberg technology.rg technology and you are looking at a live shot of the principal room. monday we speak with the openai ceo sarah friar here on bloomberg technology. caroline: now it's time for the vc roundup. waymo raised $5.6 billion from investors for its largest ever funding round. it was led by alphabet and included andreessen horowitz, fidelity, and t. rowe price. china's we ride raised over $44 million performance twice delayed ipo. the self-driving automaker company priced in the bottom of what was arranged 15.5 dollars-18 point five dollars. it was outsized and had a concurrently private placement. agility robotics raising 150 million dollars from investors led by investment firm dcvc and would value the maker of the humanoid robots you see at about $100. ed: so much in that world. over the next four years as the technology, internet, and media sectors are expected to add more than $1.1 trillion of global growth according to activate consulting's 2025 technology and media outlook. the company

. >> we will catch up with michael of wells fargo. this is bloombergk scaling your ai pilots is hard? think again. with watsonx, you can deploy ai across any environment. above the clouds and on lots of clouds. with your secured data on prem, in real time on center court and assisting bank tellers on the edge. watsonx helps you deploy ai wherever you need it. so you can take your business wherever it needs to go. ibm. let's create. jonathan: equities just a little bit firmer up 2/10 of 1% on the s&p 500 bond yields a little bit higher. 38592. mohamed el-erian writes in. enjoying the mets win he will join us later this morning. >> congratulations. casa bravo is very happy for you. we can't wait to just gloat a little bit. >> to all mets fans. giving an individual shout out paid under surveillance markets pricing for payrolls. >> the market starts to deteriorate i think the soft landing story will come into question. i think it is a decent payroll. 140,000, i think that the momentum is for 25 basis points at this point. jonathan: investors are waiting se

we break it down on bloomberg tv with michael mckee and we will catch up with lindsay on the economy new york, this is bloomberg. ♪ ♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. jonathan: 60 minutes from the opening bell, cash open just around the corner. down for tens of 1%. internet 50 seconds time, jobless claims data. mike mckee this winter break that down for you to year, 360 five. the number we are looking for in our survey, 220 one. the previous week, 218. this crossover to mike mckee. >> one of those mornings for the data are slow coming out, but here we go. 200 25,000 jobless claims last week, up from 219,000. that was revised up from 218. basically we are in the ballpark of where we have been for some time now, and it really doesn't tell us anything about where we are. in terms of the overall labor market, other than companies are not letting people go. this is obviously a seasonally adjusted

ed: michael green, portfolio manager, thank you very much. coming up, we will go in detail into a bloombergnvestigation which looks into how uber and lyft uses a loophole to deny drivers in new york city millions in pay. also a quick look at shares i think of snap which got a downgrade in the market earlier this morning, taking a little bit of a hit. not as severe as it was in the market opened down a percentage point. 1.1%. we will get more on that later in the program. this is "bloomberg technology." ♪ ed: this was the bloomberg big take over the weekend. uber and lyft have found a money-saving loophole in new york city. lockouts. by simply providing that preventing drivers from logging into the app, the company can save hundreds of millions of dollars in driver payouts, according to bloomberg estimates. listen to this. >> the summer of 2024 was a stressful time to be an uber or lyft driver in new york city. >> there are lockouts currently. >> uber began preventing drivers from working randomly hours at a time. lyft soon followed suit. >> normally you would be able to click the button and

bloomberg terminal about aaa mortgages going bust in the commercial real estate sector. you have not seen this since the great financial crisis. it is pretty bloody out there still. michaeli think there are certain office that is going to get hard. you -- look, we buy assets obviously. we bought an office building last quarter just outside virginia last traded in 2019. we paid $27 million for it. 50% leased up and we think that is going to be a good investment for us. sonali: less than a third? michael: less than a third. sonali: how much room do you have to buy at those prices? how big is that opportunity and how long does it last? michael: you have heard some of the larger real estate players start talking about whether we are bottoming out or not. every asset is different. it was 1407 broadway or something like that with the aaa's hit. every asset is going to be different. you have to be patient to we are going to see more capital coming into the sector. we will be patient. sonali: what about the housing sector? you are watching the steady decline higher in mortgage rates. what does that mean for how the system might work in the next six to 12 months? michael: when yo

michael sheppard, thank you for the reporting. the biden administration finalizes plans to regulate american investments in the chinese chip industry. we have more on that report next. this is bloombergechnology. ♪ ed: first up, and indian food delivery platform is seeking shares for an ipo that may raise 1.35 billion dollars. it will open for bids from november 6 and a are expected to start trading from november 13. the ipo follows a recent record sale. toshiba wants to reach double-digit market share in the world's power chip market. it may eventually form an alliance that would corner 30% of the industry according to one of the executives. in japan, a liberal democratic party heavyweight was defeated in the general election and removes from parliament one of the chip sector's biggest advocates. caroline: the biden administration finalize restrictions on investments by u.s. individuals and companies into chinese technology including semi conductors, artificial intelligence. mckenzie hawkins is here with more. this was long and the making. what is new in terms of these policies? >> this is sort of the last big shoe to drop from the restrictions on chinese advanced tech development.

michael, good to see you there, sir. equity futures are rolling over, slightly negative on the s&p 500. with your update on other stories this morning, here is your bloomberg brief with dani burger. dani: speaking of trump trades, 70 1000, the highest since june. this u.s. election outcome is seen as a trump trade in the support for digital assets with some predicting a rally beyond the mark -- march record high. options traders have $80,000 by november regardless of the election outcome. apple iphone exports from india jumped by one third in the six months through september. exporting $6 billion in iphones made in india, putting exports on track to surpass 2024 and they are a crucial part of the efforts to lessen reliance on china alongside with tensions from beijing between it in the u.s. starbucks is threatening to fire staff if they don't return to the office three days a week. a memo from bloomberg sees that the coffee chain is implementing a standardized process to hold workers accountable. the move comes two months after brian nichols took over as ceo and he told employees last month that they should work from wherever they need to get the job done