jp morgan, lisa teased this out in the conversation with mohamed el-erian, on inflation there is the more abrupt to slow down and hence a disorderly disinflation reprocess. mohammed made a similar point to you. annmarie: what is the consequence for the ecb? we talked about going back to zero? how far can they cut, how aggressively will they? will this be a forward-looking ecb when forward guidance for them has been worth not very much? what have they been able to telegraph in these press conferences in the past six to 12 months? jonathan: coming up this hour, we catch up with they believe events of jp morgan as traders drive another small cap rotation. -- with david leibovitz of jp morgan as traders drive another small cap rotation. jobless claims dropping under 30 minutes time. saying that together with signs of the labor market momentum is softening, it seems unlikely that the recent data has changed the fed to resolve around policy normalization, and we expect the fed will likely deliver an additional 25 basis point cuts through to year end. david, good morning. we are 27 minutes f

cheering, exclaiming) >> agam (speaking hebrew): >> bat-sheva: (fires) ♪ ♪ >> shoam: ♪ ♪ >> gali: >> mohamed elhe gaza area, as israeli forces aim to eradicate the hamas militant group in the wake of saturday's attacks. >> netanyahu gave a surprise address, telling the israeli public that, "our enemies have only started paying the price." (people exclaiming) >> man (speaking arabic): (people exclaiming) (vehicle horn honking) (people talking in background) >> record. (device beeps) >> ghada (speaking arabic): oh, okay. (speaking arabic): (speaking softly) (man talking indistinctly) >> ghada: ♪ ♪ (sirens blaring, horns honking) ♪ ♪ >> israeli defense forces dropped leaflets across northern gaza. they read, in arabic, "gaza city has turned into a battlefield. you have to leave your homes immediately and head south." ♪ ♪ >> ghada (speaking arabic): ♪ ♪ >> jabaliya, the largest refugee camp in the strip, is one of the most densely populated places on earth. >> israel says that hamas is hiding its leaders and infrastructure there and using civilians as shields. >> israel's furious strikes on gaza ar

mohamed el-erian writing the following.o the gold price is not just unusual in terms of traditional economic and financial influences. it goes beyond strict geopolitical influence is to catch a broader phenomenon, which is building secular momentum. mohamed, welcome to the program. always look forward to rounding out the week with you. this got a lot of attention this week. take it from the top for us. what are you trying to get people to pay attention to? not just why the move is higher but what is behind it and how long this has been building for. mohamed: things are having me. gold is up 32% year to date. that is compared to 22% for the s&p. when we try to relate the moves in gold this year to the traditional economic and financial variables, interest rates, inflation, the dollar, the relationships have broken down. it has been a very linear move up. it is something that is continuing for a while now. you ask, who is buying? you start getting the answer. what is happening to gold goes well beyond economics and finance. i

mohamed el-erian expecting more data surprises. be the last one unless, must resist the 10 tatian to look through the shock. what is needed in the economy is to be more open-minded about why such surprises keep occurring and how best to frame the accompanying policy regimes." mohamed joins us again. welcome back to the program. why was at the volatility between reports that stood out for you and not just the strength in isolation? mohamed: thanks for having me. the volatility, the ping-pong narrative has been with us for a while. and there is a clash between the mindset of analysts that tend to think the economy is in a structural equilibrium and the reality that we are going through a major transition, both economic and policy wise. if you're thinking one-way about the economy but it's operating in another paradigm, you will get these surprises. jonathan: the obvious question would be when you write how best to frame the accompanying policy regimes, what they should do with this information? mohamed: we are going through structura

mohamed el-erian said to you inflation is not dead.onathan: and all inflation becomes that much more important. we got cpi later this week coming on thursday. some bank earnings at the back end of the week it will talk about later. that much more important, cpi on thursday. annmarie: you have to imagine that the jobs report marginally shipped them away from inflation -- recession and toward inflation. it is pricing in less than 25 basis point of cuts. bank of america says the options market is in pricing more than a 1% move, but you know that whole thing is just one month, take a step back and a deep breath. i think that account for the good data as well as the bad. jonathan: i agree with you. one more jobs report still to come and an election to get to as well. we are making some moves on wall street. goldman sachs with a new year and price target, any 12 month price target. mike wilson of morgan stanley upgrading the cyclicals to overweight relative to defensive. >> is perfect. it is perfect for them. you have the economy still stron

mohamed el-erian writes in.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 septembers payrolls print in less than two hours time. the median estimate coming in at 150 k among a wide range of estimates. michael of wells fargo writing we are accepting nonfarm payroll reports to drop slightly but unchanged unemployment rate of 4.2. our forecast for 25 basis point rate cut at the november meeting is conditional on a employment report that does not come in materially weaker than our forecast. michael that tease up the first and obvious question what is materially weaker. what number would you

the next -- jonathan: the next trade, gold, gains of 30% this year, coming from mohamed el-erian in the today. what is at stake is not just the erosion of the dominant role of the dollar and a gradual change in the operation of the global system. fantastic column out there this morning. on the back of this gold move, which has been phenomenal. lisa: it draws into question the structural shift as banks look to allocate more in gold and look at that addition of dental individuals in china without the confidence of investing in home prices. lisa: he talked about it being not just an inflation hedge or geopolitics, but banks around the world are starting to purchase more gold with sanctions, they are looking at other ways to d hedge against the dollar. which is why you have seen this uptick. potentially, this is why you have seen one way you could go, higher. jonathan: under surveillance this morning, the latest out of china with banks cutting the benchmark rates, their latest measure to help in the housing market slump. the size of markets beating expectations within the forecast range. li

mohamed el-erian once to get me on the -- mohamed el-erian wants to get me on the mets bandwagon. paycheck he would need to be a mets fan? jonathan: i would need transport paid and a free suite. annmarie: you are a yankees fan. lisa: uncle steve has done a great job with the mets. if push comes to shove fists can fly the table. jonathan: i am a yankees fan. i want everyone to get along. sarah hunt joins us later on. tobin marcus. ken leon. and stephen cook of the council on foreign relations. ♪ >> the market is punishing the more expensive stocks for the higher rates. >> the market is watching every data point. >> data always matter but one month does not change the narrative. >> from the fed's perspective the economy is in good shape. we can gradually bring rates back to a normal level. >> whether they cut 50 or 25 is less important. what is important is the steady path. >> this is "bloomberg surveillance" with jonathan ferro, lisa abramowicz, and annmarie hordern. jonathan: lots to work through this hour. goldman sachs in about 30 minutes. live from new york city, good morning.

we will catch up with jim, mohamed el-erian, neil. and robert second of citi.g, this was bloomberg surveillance. ♪ ♪ ♪ 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. >> coming up, southwest gets a needed boost in third quarter trofts as it tries to fend off a fight with activist investor. matt: and tesla delivers a blowout quarter. strong sales growth for next year as well

en la premier league el liverpool recibe a chelsea. mohamedeta a los de sevilla. el marcador final fue de 5—1 fecha ocho en el fÚtbol italiano y el roma se midiÓ ante el inter de milÁn. solamente un tanto fue suficiente para la victoria del inter. ocupan la segunda posiciÓn. en inglaterra el mÁnchester city visitÓ a los wolfs. la victoria fue del city 2—1 se corriÓ el gran premio de austin. en la curva 19 hamilton se ve obligado a abandonar la carrera. elandon norris pierde el podio y me estÁ pensÉ lleva el primer puesto. inicio de si quiere reportar problemas en sus hilos, un —— presentadora: si quiere reportar noticias en su estado, condado o vecindario, lo puede hacer en el nÚmero que aparece en pantalla. asÍ llegamos al final , los espero a las 11:00 p.m. los dejamos con presentador: domingo 20

mohamed el-erian this morning, the bond market has reacted audibly to the federal reserve move.f contributors to this development, there is little consensus on their relative importance. which is more important, the economic data, deficit issues, the election? we are going to work all of that out in the next week or so. investors will need to work out the data this week with october payrolls dropping on friday. lydia boussour hour of the people i saying the jobs report will be muddied. two hurricanes and job strikes will render the data much noisier than usual. we expect a nonfarm payroll gain of only 70,000. is one survey more reliable than the other, household versus establishment? lydia: good morning. we are likely to see some hurricane impacts mostly in the established month survey. we are looking for a drag on payrolls from both the hurricanes and strikes. we already know from the bls strike report there will be 40,000 workers that are going to be falling off the payroll in october because they were on strike. if you layer on top of that the impact from the hurricanes, we a

we will also hear tomorrow morning from sarah house of wells fargo, mohamed el-erian of queens colleges friday. the estimate in our survey, 101,000. the previous month, a blowout upside surprise. 254,000. this morning, jobless claims much better than anticipated. to hunt at 16,000. is the risk tomorrow a big upside surprise or downside surprise? that debate tomorrow morning. from new york, thank you for choosing bloomberg to be. this was "bloomberg surveillance." ♪ matt: futures are down. it could mean the first monthly loss for the s&p in seven 30 minutes until the start of trading. i'm matt miller. sonali: i'm sonali basak. katie: and i'm katie greifeld. bloomberg "open interest" starts now. sonali: coming up, results from microsoft and meta fail to impress investors and raises the stakes for earnings reports today from apple and amazon. matt: this morning we've got

as mohamed el-erian put it, they lack an anchor, hike of the earnings season serve as an anchor?were not great. we will hear from delta tomorrow and then the banks, credit conditions will be vitally important and could serve as a better read as things like jobs data are impacted by bigger events going on in the u.s. jonathan: a lot to work through. equity futures on the s&p 500 just about unchanged. the bond market holding onto a four handle, the 10 year at four point 02%. -- 4.02 percent. the prospect of hurricane milton being a category five storm when it lands on for the later this afternoon, this evening, into tonight. the accuweather forecast we spoke too early this morning spoke about 2:00 a.m. eastern time. at the time for landfall a little later. dani: it is not just the landfall of storm surge afterwards an area already impacted by hurricane helene. you don't have the same natural protection you did before. what is going to be the impact of having 5.5 billion people told to leave a region, of having roads stuff with people, people unable to get gasoline in their cars, an

pues bueno, aquí hay una lista de posibles candidatos entre los extranjeros están el turco, mohamed nicolás técnico. está a punto de llegar a un club con una exigencia enorme y va a entrar a la bombonera con el antecedente que no tiene ningún reparo en mentir públicamente y a la cara frente a una afición que no le va a perdonar una sola, mientras que en chivas es todo lo contrario, porque el nombre es lo de menos. chivas necesita un técnico que de verdad esté comprometido con el proyecto, con todas las limitaciones que incluye dirigir al rebaño, porque en este momento chivas ha sido una burla para todos y tanto el club como los fanáticos esos que compran la camiseta y van al estadio cada fin de semana, lo siguen tolerando. vamos a una pausa. ya regresamo. domina la acción fue presentado por toyota. cuando la aventura llama toyota salud. salud es tener quien me cuide desde lejos. quien me haga suspirar. y me ayude a respirar. salud es tener a alguien que me contagie su risa. y me haga sentir que si no sana hoy, sanará mañana. sí. salud. salud es rodearte de quienes te hacen sentir bien. en k

coming up tomorrow on this pogrom will catch up with roscoe strick of black rock, mohamed el-erian, david. the conference board, the data coming out of that really important. the labor differential. jobs hard to get vs. jobs plentiful, data moving in the wrong direction over there. we will get thoughts on that tomorrow morning. equity futures on the s&p 500 just about unchanged and the bond market yields just a touch lower. 4.02% on the 10 year. that does it for us. thank you for choosing bloomberg tv. this was "bloomberg serveillance." where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management it's our son, he is always up in our business. whenit's the verizon 5g with home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college

ubs and mohamed el-erian and a whole lot more.n't you down to payrolls friday. this is the number we are looking for. the median estimate, 150. i imagine it result absolutely nothing as we go into the federal reserve decision last month -- next month and a big election still to come. good morning. this was "bloomberg serveillance." ♪ we invent them, we design them, we build them. and one day, we have to let them soar. ♪ i'm always coming home ♪ it's our son, he is always up in our business. it's the verizon 5ge home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. every

entre los extranjeros está el turco mohamed niko larcamón, que me parece sería un buen perfil para chivasr unos crocs y sacarlo a pasear para que luzca la última moda. y es que la popular marca de calzado anunció este miércoles que va a lanzar pet crocs una versión de sus zuecos para perros junto con otra para humanos también a finales de octubre. para ir igualitos, los crocs para perros cuentan con una espuma transpirable y una correa ajustable. están disponibles en 3 tallas diferentes pequeña, mediana y grande, y se han diseñado hasta para perros de hasta 80 £. seguro, seguro. se está preguntando cuánto cuesta. se lo voy a decir. cuestan 50 $, mientras que los crocs a juego para humanos 65. o sea, solo 15 menos. ajá. bueno, uno son 4. ah, y otros son 2. ah, bueno. ah, bueno. a más valor por tu dinero. antes de irnos, le contamos que elon musk presentó al mundo lo que llamó el cyber taxi. el primer taxi totalmente autónomo de tesla que no dice no tendrá ni volante ni pedales. el anuncio lo realizó este jueves en una fiesta robot realizada precisamente en burbank, al sur del estado. el du

el lugar 17. la fecha nueve arsenal recibe a liverpool.lo empatÓ van dijk y merino buscaba la victoria como local, pero con anotaciÓn de mohammeddespuÉs la historia terminÓ con cuatro anotaciones por bando con doblete para la visita. el inter llegÓ a 18 puntos . la juventus a 17. quedan perfectamente bien informados. >> si desea reportar problemas lo invito a que se ponga en contacto con nuestro equipo de noticias univisiÓn 14 enviando mensajes de whatsapp. llegamos al final de noticias univisiÓn 14 a las seis. gracias por la compaÑÍa. yo soy presentador: criticÓ nuevamente las polÍticas de la administraciÓn actual.

el trabajo. pero aún así están en la búsqueda de otros dispositivos que contengan datos que se puedan utilizar. y preste mucha atención a esta historia. se trata del egipcio mohamed diouf asegura que está viviendo el sueño de su vida, sobre todo porque si continúa de lleno en las prácticas, podría ser parte de la selección que va a disputar el mundial programado para el 2026. y sobre este egipcio también hay que resaltar que distribuye su tiempo entre sus entrenos, su familia, ya que es padre de 3 hijos y además tiene un taller de mármol. imagínate tú a la hora de estar en la cancha, dice que el mayor desafío que enfrenta es cuando el balón se dirige a su lado izquierdo, que es donde le falta la extremidad, pero de todas formas logra sobreponerse para mantener la portería a 0. y atención que sobre el mundial que comenta hay que destacar que se disputará por primera vez en su tierra en egipto. así que todavía pues mayor motivación para salir adelante. y esas son las historias del deporte donde no hay imposibles. si es que si te imaginas en otra posición ya, ya sería difícil jugar en otra posición, pero ahora ser arquero, ajá, qué bueno por él. admirable y a ver qu

let's talk to dr mohamed el—erian, president of queens' college at university of cambridge. you are talkingase almost no one. are you right? yes. the budget would please almost no one. are you right?— the budget would please almost no one. are you right? yes, i was. the only people — one. are you right? yes, i was. the only people who — one. are you right? yes, i was. the only people who are _ one. are you right? yes, i was. the only people who are pleased - only people who are pleased are those who believe that public investment is critical to economic growth and see this as a first step to reinventing the budget and welcome the fact that this has been enabled by the chancellor. otherwise most people expected way too much out of this budget and might not recognise the very difficult hand that the chancellor was dealt. what that the chancellor was dealt. what do ou that the chancellor was dealt. what do you think — that the chancellor was dealt. what do you think the _ that the chancellor was dealt. what do you think the budget should be judged on then? i do you think the budget should be i