it more than almost every other industrialized country in the world and it should be rated aaa moody's and s. and pay should give russia a aaa rating on its credit elvira and president putin have done a brilliant job so bring it on this i think the phrase bullet proof is apt it's a good phrase the russian economy is bullet proof i agree. appreciate the company join me for updates on top stories in half an hour. i have concern about new technologies and i think society should and i and i try to help them get engaged in those concerns. but we also should have concerns about doing nothing doing nothing is extraordinarily risky in a world with some point 5000000000 people and a whole series of. ancient technologies that are not necessarily suitable for tomorrow. this is a story about what happens auster a stray bullet kills a young girl in the street. who happens to have family and daughters in florida another mother daughter is buried in a cemetery in healing this is your head what happens to the community the public was screaming for a scapegoat the police needed a scapegoat so why not choose

yielding more than almost every other industrialized country in the world and it should be rated aaa moody's and s. and p. should give russia a aaa rating on its credit elvira and president putin have done a brilliant job if you talk about the debt that russia has a very low debt how does russia compared to say germany or the u.s. in terms of that. well america's got debt close to 100 percent of g.d.p. so america economy is 1920 trillion it's got close to it's got $20.00 to $20.00 over to i believe $22.00 trillion in debt so it's a 100 percent or greater than one percent of g.d.p. same thing in europe around the world various countries debt to g.d.p. is 100 percent in japan it's over 200 percent. if you look at russia it's under 5 percent so it has almost no debt at all the russian economy could be double triple the size it is right now if they embrace debt but of course that would be a foolish thing to do. in terms of putting the country on firm financial footing so when this paper money based economies and other countries begins to fall apart russia is going to be in a brilliant position to acqu

it more than almost every other industrialized country in the world and it should be rated aaa moody's and s. and p. should give russia a aaa rating on its credit elvira and president putin have done a brilliant job so bring it on this i think the phrase bullet proof is apt it's a good phrase the russian economy is bullet proof i agree. and finally this hour a noisy incident during a t.v. interview with the us democrat lawmaker has gone viral under his own bizarre way has led to divisions in u.s. politics so skitter that explains. more so than at the washington is sick with intrigue contriver see the public hearings in the latest trump impeachment saga into their 2nd week and everyone wants to know has he done it will this be the straw that finally breaks the camel's back the president used taxpayer dollars to ask the ukrainians to help them choose an election that can't be right guys i think we've got the wrong sound bite in the. what really. ok no apparent need that is right. fought gate is on everyone's lips democratic representative eric was weighing in on the ongoing impeachment hearing

it more than almost every other industrialized country in the world and it should be rated aaa moody's and s. and pay should give russia a aaa rating on its credit elvira and president putin have done a brilliant job so bring it on this i think the phrase bullet proof is apt it's a good phrase the russian economy is bullet proof i agree. well mobile a proof and i will be slightly upset if you don't return and join me for our latest headlines and often. the tense situation in venezuela is still all over the news the problem in venezuela is not that socialism has been poorly implemented but that socialism has been phased only implemented for inside venezuela things look different we're going to announce sanctions against petroleum to venezuela associate. in the school have a son of a moment too soon to move the tempest and that political battle scene on the moon because. of the moment the focus of the who story isn't new makes him cold in henry kissinger to tell him that he would not be tolerated in latin america an alternative economic and social system could take hold and therefore the polic

s brexit drama. moody's has cut the u.k.'s sovereign credit rating to a negative outlook siding weaker ability to set policy due to the brexit uncertainty. the agency notes increasing and there shall, as well as --increasing inertia. parties promise higher government spending. the president has resigned after the army calls on him to go amid a wave of protests. morales had agreed to call a new election after the organization of american states said the vote last month was marred by severe irregularities. he had already served three terms as president and has claimed a fourth victory in the election that is now viewed as tainted. the latest damage reports from that powerful cyclone that hit bangladesh and northeastern india has killed at least 14 people. hundreds of thousands of people have been moved to safety as the cyclone crosses the coastline. the storm has sustained winds of up to 120 kilometers per hour and it is expected to drive a sea surge of two meters above normal tide levels. it is weakening as a moves inland. glo

s lines. >> hi, folks, i'm dr. moody and this is battalion aid station. we're part of the 2nd battalion of the 506 airborne. i'm a physician. i'm a doctor that plays doctor. but, no, i'm an internal medicine physician in harrisb g harrisburg, pennsylvania. and this is -- this is my hobby. this is my -- i love it. i love the guys out here. i love speaking to the public. i love the educational factor that we're trying to keep all this alive. and the kids really, they enjoy it, too. i try to make it enjoyable and let them know how important this is to understand what the history was. what this is, this basically is a mobile emergency room. you've heard of m.a.s.h., mobile army surgical hospital. well, this is a mobile emergency room. like any emergency rooms, what we do, we assess, we treat, we stabilize, and then we get them out. get out of my e.r. we're basically located as close to the front lines as possible. we've got to be because we've got troopers coming in here that are in pretty bad shape. >> battalion aid station operates just behind the lines. he

damian: we saw moody's downgrain their outlook overnight. a littled s are behind the eight ball, but it is interesting if you look at the response. the want is up for ash the yuan -- the yuan is up through seven. vincent: there's the geopolitical situation, so that comes into play as well. alix: you heard them debate the fx and rate point, but if you come to the market today, the question for me is are we priced for perfection now, or is there more upside to go? do we have the vulnerability now have a tweet? where is president trump? i haven't seen his deal saying we've got a deal done. vincent: because we don't. sarah: the pendulum always swings a little too far. can you go further up? sure. the question is what happens afterward. we are partially negative. when you look at where the market is, the multiple is are just expanding again is everyone is thinking we are getting these terrible risks author table. so what happens the next 12 to 24 months? just because you take some of these risks off the table, you haven't priced that in to what can be earned

s&p has not done anything to adjust its aa plus rating on hong kong. moody's has already downgraded their outlook. what do you do if you are trying to navigate it tradewise? we are hearing from the top money managers. if you are just a regular person, do you just stay away? >> a lot of people, what they are trying to do is try to take away who is the benefit if hong kong goes pear-shaped? the obvious answer is singapore. there is so much overlap that it is difficult to play. from institutional perspective, we should certainly see front and yield invert. you should see the credit curve flatten. put thatuggesting you if you are a retail investor, but that is one way to hedge. thank you to damien. thank you for that. guy. guy: let's get more on that trade story and the impact on the broader markets. good afternoon. >> good afternoon. glad to be here. is a trade deal the base case? >> i think it has to be. there are strong incentives on both sides to get there. obviously the congressional bill passed by both houses puts another wrinkle into this. it does complicat

moody's cut its outlook to negative but considered against downgrading the country's debt to junk. it will cling to its last investment grade rating after previous cuts from s arren buffett -- s&p and fitch. powerire hathaway cash $128 billion as third-quarter profit climbed. a staggering net income of $52 billion for the air. buffett continues to face questions as to whether beast being aggressive enough with his massive hoard of cash. global news 24 hours a day and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. annabelle. thank you. he'll ice look so happy destiny, warren buffett. we take a look at uber, struggling to be profitable, next. as it reports as third-quarter results today. ,oming up on the show tomorrow my mistake, i got all excited, it is tomorrow. we will speak exclusively to the goldman sachs ceo david solomon. the conversation at 7:30 a.m.. if you're traveling to work, we are with you every step of the way on digital radio in the london area. ♪ manus: it is 7:20 a.m. in the city of london, 40 minutes away from the start of your trading day. i'm cash equities, risk on cash equ

s&p has a steady outlook citing steady economic growth. we have about 90 companies reporting and asia today including toyota, which comes after mitsubishi moody'sishi motors became the latest japanese carmaker to be hit by falling to man. olympus is in focus after adr's jump to a record high after delivering a profit beat and announcing a new business plan. forecasts were unchanged. output, it is seen driving revenue and growth for the next fears. softbank shares may come under pressure. after the company posted its first profit loss. current pricing suggests a 5% drop in the last time we saw such a decline was back in early june. haidi: we will have lots more on softbank ahead. the senior research analyst joins us in the next hour of "daybreak asia" to break down those numbers. eums, the cofounder of ether joins us to talk about the outlook for crypto. he has great views. the market open is next. this is bloomberg. ♪ here, it all starts with a simple... hello! -hi! how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! [ camera clicking ] wifi up there? -ahhh. sure, why not? how'd he get out?! a camera might figu

s&p 500. goldman says the trade wars drag on the global economy could be coming to an end. the impact on u.s. and china could aid in 2020. moody'se trade troubles will weigh on korea next year. this is the book -- this as the u.s. extends huawei waivers. stephen is still with us. let us go back to basics. what are risk assets pricing in right now in terms of u.s.-china trade? >> a conclusion of phase one by the end of the year. pointsaining sticking being resolved in the discussions. and probably a partial rollback inthe tariffs imposed september. 15% or so tariffs. nejra: and a delay to the december tariffs as well. >> there may be room for a relief rally in risk assets if that happens. there is a lot of room for disappointment. nejra: in india, what could we see? >> may be back to 710. but youets may take a will have bond yields go lower which will be supportive for global risk assets. nothat scenario, the fed cutting in december could exacerbate the move lower in risk assets. that ifd see headlines phase one does not get done by the end of the year coming you could see headlines early in 2020 that suggest talks continue at a

moody is here. >> good afternoon, here's where markets stand at 1:00 p.m. eastern. no major fireworks from fed chair powell we're up -- record high territory for the dow. we have s&p 500 sitting at 3100. stod, it's really about -- if you look at some of the consumer staple and consumer discretionary stocks, those are two sectors -- clorox, p and g, coca-cola. but are sitting on double digit percentage gains for 2019. another big name that we're watching is certainly disney jumping to session highs on news that the company's streaming service that was launched yesterday has already surpassed 10 million subscribers now, just for comparison, netflix has about 60 million paid subscribers here in the u.s. so it pales in comparison to some of the other streaming players but certainly wall street sees it as a good stock stock is higher by 4% and just 2% from hitting tsz record high. back to you. >> 10 million a day. that starts to add up. anyway, thank you, seema our top story today, fed chair jay powell testifying before the joint economic committee saying the central bank is unlikely to move on interest rates right now. what caught some investors eyes is his definiti