in more than 120 countries. i sophie kamaruddin. this is bloomberg. yvonne: thank you. the u.s. is refusing to restart trade negotiations with china. beijing makes a concrete proposal to address the u.s. complaints about forced technology transfers and other economic issues. that's according to "the wall street journal," citing unidentified u.s. and chinese offensive -- chinese officials. rishaad: we speak of michael spencer from deutsche bank. it's just another one of these sell those, is it not? i think over the last few weeks, starting from mike pence's speech earlier, we are getting a broader perspective from washington about what it is they are trying to achieve. for most of this year, the chinese side has felt this was just about the bilateral deficit, and if we could commit to buying more from the u.s., this goes away. we are seeing now that there is a much more fundamental objective, which is to open the chinese markets to goods and services, to force china to adopt a much more liberal approach to foreig

shares rose more than 1% to 74.78. delta said that it took a $30 million hit from hurricane florence. and its facing rising fuel costs. there is a chance that thets airlines pro for the quarter will miss expectations. separately its rival united continental gave a disappointing earningsoutlook. shares of delta off 3% to 54.69. united katinale shares fell 1% to 86.71. >> after the bell right routers reported that mattress firm could file bankruptcy this week. they add the the largest maert retailer is looking to terminate costly store leases due to poor financial performance. ths news sent sha of the rival temper sealy initially high ner after hours trading ton. they were off nearly 2% to 48.38 during the regular session. maert firm's parent company by the way does not trade here in the united esst >>> also on after the bell, j.cn said it's appointed jill solt ho as the new. p she wasviously ceo of the joanne stores. the investors were pleased and sent initially shares higher after hours. as you can there but during the

they're attracting more and more of the medicare population. medicare advantage plans everybody 0 provide supplemental benefits beyond what the traditional program offers like dental and vision and these plans are often available at a lower cost than what fee for service beneficiaries pay for medigap and part d. and medicare caps out of pocket costs for enrollees and the program gives seniors choices and lets them enroll in the plans that best fit their personal needs. the lesson here is a basic law of economics, choice increases competition, and competition drives up value. and this administration has taken critical steps to modernize medicare advantage while flexibility to plan to offer services to their customers. we've made changes to the meaningful differences rules so planned benefit packages can be more precisely tailored giving seniors more choices to pick from. and for the very first time, starting in 2019, we have made changes to give plans new discretion to offer a broader array of supplemental benefits. this is one of the most signi

in more than 120 countries. haidi? haidi: the trade war is dominating conversations, as you can imagine, at the ongoing imf world bank meetings. we will be live in indonesia a little bit later. >> next, more on markets after that turbulent u.s. session. we will talk strategy with advisers asset management. ♪ we are counting down to the open of trading in sydney for the final friday fray of this week. it's a drizzly, miserable day in sydney. it's been selling off in this market for almost as long as we have had this streak of rainy days. we are looking at an indicated downside of about 2% when sidney gets underway. -- sydney gets underway. chinese markets bore the brunt of the damage yesterday. composite,shanghai closing lower by more than 5%, the biggest loss since february 2016. all eyes on what's going to happen today. i'm shery ahn in new york. haidi: i'm haidi stroud-watts in sydney. you are watching "daybreak: australia." treasury secretary steven mnuchin is said to have been advised that china is not the n

more of a sideshow.ncine: when you look at research across the globe, are you focused on china and china regulation? is it how trade is viewed the u.s.? we put out this week a latest outlook and the focus is on trade. the reason why is the focus is because there's a story around supply chain and it's not only putting a tariff between the u.s. and china. firms will need to think about whether they need to readjust or not. we seeing taiwan and other places the last few days, the ramifications of that are not fully understood, and could be bigger than expected. we tried to put a bigger frame around this. again, we don't think this is the baseline yet, but this is a risk. francine: thank you so much. jean stays with us. coming up, will steve mnuchin label china a currency manipulator? we'll discuss that next. and this is bloomberg. ♪ francine: this is bloomberg surveillance. i'm francine lacqua and london. china's tencent music entertainment postpone the plans to go public amid a selloff. shares are higher t

more stamps similar to the ones used to mail this out. we also have more powder found. we're not sure if it was the dark powder or lighter powder, but there was powder also found inside that van. i mean, investigators didn't have a lot to go through because everything was very contained inside the van, but they were able to go through and these are the materials they found. >> all right, mark morales, thank you for that breaking news. let's go to joe johns now in miami. joe, we know although they're finding all of this evidence in the van that sayoc is not speaking with investigators, he's now lawyered up. >> reporter: right, and that's very important. authorities are very worried, very interested about whether or not there could be any more packages in the system. the word has come from the fbi director himself in the news conference yesterday saying we're not out of the woods yet. in other words, the postal inspector service and fbi and others need to be vigilant in case there are other packages. this is as you know a coast to coast investigation with packages found i

the two-year treasury earns almost 3%, more and more money coming into short dated i wants a sets that i can't lose money in. the bond market is experiencing higher rates, what do i do? gosh, give me 3%, and i'll feel good at night, i'll sleep at night, and that's a big shift. maria: that's the thing, if i can get 3% in a two-year and i know that i have safety of treasury, the u.s. government, why would i pick stocks which may carry more risk? and then i could lose money? >> so i think there's, i think when you think about it in a portfolio concept, we advise people from a portfolio point of view, so gosh, you know, i used to own a lot of long-dated treasure thelies, 10-year, 30-year because they helped my risk. now the yield curve is flattened, i don't need those anymore. i'll get the short end and, by the way, equities, i would argue if you take free cash flow multiples in the equity market, u.s. equities earnings are still very good. companies are buying back historic amounts of stock. so maybe i'll own some of the front end of the yield curve and some equities for upside appreciati

investment and more consumer spending. as promised the trump administration has been business friendly trumps tax legislation slashed corporate rates from thirty five to twenty one percent and he's cut regulations. that's good news for businesses focused on the u.s. market but for those producing for third countries things are more complicated the turbulent negotiations around the north american free trade agreement only recently concluded left north american supply chains in doubt the ongoing trade dispute with china is also hitting foreign companies european automakers are already facing chinese import tariffs on cars coming off their u.s. assembly lines so where does the balance lie for european businesses in the us net positive or negative that may depend on the company itself. i got the chance to speak to the democrats phil murphy about transatlantic ties but i asked what a governor from new jersey is doing on a trade mission to europe. first of all thrilled to be here i'm a former u.s. ambassador to germany so it's a

we now have a lot more people dying in the desert probably more than we have drowning in the mediterranean i mean one. says africans are the main losers of the e.u.'s new policy. since you see it domes in wait there's more money is being spent on border protection would have done an effect of development in a particular country that unfortunately was perceived a certain the balance easy keyed in we talk a lot about controlling and preventing illegal migration but what we don't see is any funding of legal migration small dipping cecil i mean what every side needs to take compromises to the policy cannot come down to expecting africa to shoulder all the burden without offering people any opportunities. that. illegal entry into europe for more than just a few thousand selected refugees is something the african union is also demanding and it has its own plans for inner african migration. one hundred eighty five percent of my resources within africa. plus an established crop however are starting from twenty to. be needed to continent would be put in place if you know if free movement protocol w

has been given a week to make more inquiries. a prominent saudi journalist and critic of saudi arabia has gone missing in turkey the washington post says its contributor jamal khashoggi was last seen entering saudi arabia's consulate in istanbul to pick up some paperwork the paper says it doesn't know if he's being detained now his commentaries and his condemnation of the saudi crown prince mohammed bin solomon have been published by several western newspapers he fled arabia just over a year ago last more still to come here on al-jazeera including saving lives without a license more on why the trial of a ship's captain who rescues refugees has been delayed. the pay rise of amazon the online retail giant has been criticized for its labor practices now is raising its minimum wage. sky by the time. or is the sun sets in the city of angels. hello be fair to say if you watched european cloud from space that all the action is taking place in northern europe and certainly where the big curl is that's where the low is centered and their

to find more sources of to spend more on him and a?&a? copper is constrained, there are not a lot of new deposits. we at antofagasta have some important districts that are world class in terms of the mineral reserves they hold. we are looking over time to develop them progressively. one of the projects we have in the short term involves growing moderately in one of those districts. anna: do you have plans for more m&a, hothough? there are some who are concerned that prices may become elevated because of competition from buyers. ivan: one of the things we have certainly learned over the years is keeping capital discipline is fundamental. we are very keen on developing the copper reserves we have we are going to do that very deliberately over time, sequentially and progressively, keeping capital discipline and the financial strength of the balance sheet. we are not expected to take significant m&a. largely because there are no new deposits in the market. m&a doesn't really sound like part of the story. ivan: i don't tickets a big compone

we know we need to do more.e are on track this election cycle to elect not one but two of the first native american women never to be elected to the u.s. congress. you may not know this but texas has never sent to a latina to congress and we will send two at least this year. this is a result of deliberate recruitment efforts by emily's list and other partner organizations to get these women in these races early. that will continue to be a priority for us. i believe that is what the american people should want and expect. host: one last question. >> i have to ask about 2020 again. are there candidates -- we hear about a lot of potential democratic candidates. are there a couple of people you think would really get women excited and engaged in the election? emily: four women come up a lot. senators warren, harris, and two others. it is amazing and exciting to us at emily's list to think that there could be multiple pro-choice democratic women launching serious campaigns for president. i am sure there will be a lar

they tend to be more stable. their currencies are more stable.here we have been finding really good ideas. on the flipside, we have been more underweight. china, a very volatile market, taiwan, korea. you have to be very selective in where you are invested in at this point in time. shery: including potential income tax cuts? >> we are seeing really good stimulus out of china. china is trying to stimulate the economy with everything going on in terms of tightening and reform. as well as the trade war, of course. there is a lot going on in china and a lot to be positive about in china at this point in time, our low volatility strategies are underway because the market has been very volatile this year. it does not mean we will always be underway -- underweight china, the right now that is the right way to be positioned. we are still exposed. we looking at more domestic oriented stories, domestic oriented stocks that fluctuate less with regards to trade war and export oriented ideas. we still think the china consumer for instance, is very strong. but

ophelia could you tell us more about the winner mr paulson are. well mr bolton ariza for me army captain and therefore he has shown a lot of sympathy with the military even suggesting that the best way to fight crime and corruption in the country would be by sending the military to the streets and killing more criminals he does remind many people of donald trump like you said especially because of the slogan campaigns he has used he's trying to sell himself as an anti establishment can do that even though he has been in congress for almost thirty years and what he's promising is to dismantle just functional political system and it to gather those votes of citizens even more afraid of losing their. position. their jobs and and this in a more diverse and increasingly inclusive society was something that we have also seen here in brazil with the workers' party administrations that gave the poor people some more opportunities he is outrageous though would put many comments he has made he has made sexist homophobic and racist comments but his strong ch

even more 2019 and 2020. this is all pa rt even more 2019 and 2020.nificantly improve the earnings and cash flow from the downstream operations. that is, for example, marketing and retailing, bp filling stations, and also there is a bigger percentage of production going to come from gas going forward. there is also some very good oilfield prospects, such as one in the north sea. it is also worth mentioning in these numbers, they have a lot of impact with regards to what is called production sharing arrangements. these are strange operations that when the oil price is much higher, the customer actually gets more barrels of oil than you do. but because they have been investing in the north sea, those north sea arrangements actually become much more profitable partly because of lower costs, partly because of lower costs, partly because of lower costs, partly because they share more of the barrels. very interesting. we will have to have a look at that as we hear from will have to have a look at that as we hearfrom more oil companies in coming weeks. thank

one thing more to do.hat i'm most happy about, the fact that we organized our conference around an agenda based on our pencils. we showed with the policies looked like. then when we won the election and have the ability to put them in the place, we did. so to me, that's exactly the what you had to put in with your constituents. say what you will do, x line writes better than if you get elected, do it. that's exactly what we've done. the entire house republican, is very proud of this. we are gratified by the fact that our policies are making a big difference. >> it's going to be interesting to see how this is played out in 2019. >> it will be. >> now we will open up to the room for question. >> since i don't all of you, i know you guys, to mine introducing yourselves? >> also, wait for the mic. introduce yourself and your organization. >> met, abc news. i was wondering your take out as far as brett kavanaugh. how it will affect midterms. >> i'm not going to get into all of that. it still 29 days away. that'

you see more people working, more companies located, more profits. that is a bigger cache space.e revenue side, we're fine. the problem is the spending. the truth is, this is going to be a big revelation to viewers but neither party wants to spend now. the republicans talk about fiscal stability but do not believe in it. democrats certainly do not. it pains me to say that because i want to see the government reduced in a significant way. we get the -- better get the economy growing. david: you are an economist. every economist says growth more from two sources: workers or more productivity. right now it is not like dust look like we're going to have more workers. are we seeing it in capital investors? steve: it is a great points. we have room on the workers. we need more immigrant workers. we need more people on the sideline not working in america to get into the workforce. people who could and should be working better not. we need to push more people. i estimate 10 million people of working age who were not disabled could be working and we have got to get them in the workforce.

as more and more countries seek to restrict or ban vehicles reliant on fossil fuels car shows like this one are highlighting more modern electric cars. and it's likely german manufacturers will also need to ramp up innovation and the production of healthier vehicles in order to defy the crisis. all week long two opposing views struggled to strike a compromise on one side italy's new coalition government seeking to boost spending in the country. but on the other side the e.u. commission urging debt reduction. italy already owes more than any other member of the european union and a financial collapse couldn't danger the entire euro zone that's why brussels is pushing for reforms to get italy out of the red but such reforms could further strain lower income italians that's why some members of the new government are fighting to borrow more funds and pay for campaign promises. though not in the if i will do a quote to retreat from a two point four percent debt increase would mean telling entirely and you cannot retire by we won't raise your pension we won't compensate those who were cheated

twitter,d at tictoc on powered by more than 2700 journalists and analysts in more than 120 countries. nejra: thank you. ceo -- hsbc ceo john flint has revenue up 9% and the so-called jaws figure is moving in the right direction which means they have managed to increase revenue faster than costs. is jonathan, senior european bank analyst for bloomberg. good to see you, thanks for coming in early. you are going to be on the analyst call that starts at 7:30 a.m. london time. what will you be asking? jonathan: the focus will be on margin because revenues were up 5%. the cost are going in the right direction but don't forget, they have a huge investment program. they are investing 15 billion to 17 billion over the next three years. they are in charge of the rate of growth of that and it's more about hong kong, cost of funding , it's getting competitive over there. the net margin rose a basis point in the quarter. , as the u.s.iation raises rates, was going to be one of the key revenue drivers and that is at the risk of stalling. good morning. 0.9 innk is back at terms of the tliv we have.

for this, it is much more than -- much more of a wind story instead of a rain story.ll be over the ocean my thursday night or friday morning. it will probably leave four to eight inches of rain. 12 inches in isolated areas. that's nowhere near what florence was jobbing -- dropping. romaine: so that means we are not going to see the same type ,f disruptions like energy supply-chain, or manufacturing. tina: we are already seeing power outages but not anywhere near damaging -- as damaging as the carolinas. after florence, more than a million people were without power. aboutis we probably have 200,000 because of where it struck and how it is striking. some people will lose power for substantial time because you see pulled come down. but it will not be as widespread and hit as many people. , ourne: tina davis bloomberg editor here talking about the hurricane. we will get back to the markets and the selloff. washington,kevin at and he is a market strategist. we saw the s&p closed below the 2800 level before july and it was the ceiling we had been bumping up against for quit

become even more withdrawn, they become even more attached to their mobile phone ina more attached to possessions that are very expensive which no one else has bought them. all kinds of signs that show that might be something going on and in those instances, families often come to ask our organisation, and we help guide them. what they really should dare they are worried legal lease. these men were known as being what they were, really. should they not have been picked up so many years earlier? halas, i'm in absolute agreement with that. we have been banging on the doors of the police. —— alas, i'm in agreement. we sledger barry sheerman who was very supportive. we have been struggling for many years and these families have been so brave and stuck through this, and we have got a debugger convictions have taken place. —— we spoke to barry sheerman. mps have said a ban on sales of new petrol and diesel cars should be brought forward by eight years, to 2032 — to encourage the take—up of electric vehicles. the business select committee says the government's plans to make sure all new cars

cost more.atepayers will be paying more. >> this question is for you. the end of the legislative .ession raising the real possibility of a state government shutdown. you let the budget become law without your signature. based on this scenario, why should people in vermont think you are in effective leader -- you are ineffective leader. effective leader. reduced the tax on social security for low and moderate income people in vermont. there is always tension between the executive branch and legislature. that is normal. some was done behind closed doors because it was majority. i am not a rubber stamp. i will not apologize for that. i am protecting vermont taxpayers. we will put a line in the sand. we will not raise taxes and fees. vermont taxpayers prevail. >> i think that is cheap rhetoric. reality is coming using one-time money to pay for long-term issues sets up the next generation to pay more. the idea that you will come and the last two weeks of the session and drop things on people -- that

we have seen basically more and more people drop out of the conference.se is now not going come hsbc. it is really -- not going, hsbc. it is really becoming a place that executives do not want to be seen as this drumbeat of news out of saturday -- out of saudi arabia gets louder. there will not be trump administration officials attending. : switching to london, there is no deal on brexit this week, as largely expected. what are we looking to next? will december will be the -- will december be the make or break moment? >> we keep wishing it forward, don't way? with no deal -- we keep pushing it forward, we? with no deal this week, could theresa may come up with something that could get through parliament that she could then take to brussels in a december meeting so they can start the period. that transition they deal she is china to come up with this to lengthen i period, to take longer rather than 21 months, to then be able to settle this irish border dispute, which is really what is the big contentious -- what is causing -- the contentious issue that is

emily: are you going to add more people? growing and been adding more people.e growing 15% as we invest. i would expect this to continue. it's not against anyone priority, we want to be able to grow the business and execute the opportunities we see. emily: the twitter cfo there. now to discuss this is selina wang. deborah. what do you make of these numbers? you know advertisers are coming , back and spending more. but monthly active users keeps going down. and in some ways it can be difficult to see the progress, even though twitter says we are challenging millions of accounts every week. >> absolutely. he just talked a lot about health. my viewpoint is if you are going to get healthy, you need to lose some weight. in the case of twitter, losing weight is like losing a few million users. over all, i think that is a positive step. i think the focus on the daily active user number is important and needs to be done. and i think that the steps that twitter has taken to make its products better, to reprove itself to advertisers are starting to pay off. once this wei

that would tell me that they are looking at more than just him. i can imagine that he didn't have numerous telephones himself. they obviously came up with enough probable cause through investigative techniques to indicate whoever has these other phones may possibly also be involved in this. >> the fbi reminding everyone that the threat is not over, there could be more packages out there. max, we appreciate you joining us today to talk more about the investigation as it continues to unravel. thank you. >>> we will have more on the suspect in these bombings, coming up at 5:00, and the latest in the -- on the investigations on ktvu.com. >>> a woman arrested following a deadly crash in wannacry, what police say led up to it.>>> -- >>> heightened security for the event this weekend, next. i'm dianne feinstein and i approve this message. "look what she's accomplished... she authored the ban on assault weapons... pushed the desert protection act through congress, and steered billions of federal dollars to california projects such as subway construction a

housing, we need more housing, and we need more tooerable units. so, i want to thank you for negotiating with the developers to increase the number of affordable units. this is a really big change for the community. and i just want to stress that we need to build more housing across the city for all income levels. em on the west side and especially in district five. so, i'm very happy with these changes. thank you. >> thank you. martin russo? >> good afternoon, supervisors. my ?aim martin and i live in oak street in lower haight. i'm concerned about the extreme affordable housing crisis in our city. i see nit two ways because of mid century exclusionary zoning laws. not only are there not enough homes for everyone who wants to live in the city, from displaced families to the children of long-time residents to immigrants of different skill levels from across the globe to millenials starting their careers, like myself, but the homes that do exist are unaffordable by and large for most working people and families here in san francisco. i also understa

democrats also has a technology park more and more startups dealing in r. and d. have been setting up shop here just like protons which specializes in biomarker discovery and compound evaluation a biomarker is a naturally occurring molecule gene or other marker which helps identify a particular disease found early on e does alex opelousas studied at harvard in the us he said finding good employees is no problem. whereas i think so a single job posting got us three hundred applications in just one week and our mailbox is full you can really get good scientists and want to go over so because. the biochemist knows based on his time abroad the spirit of innovation for startups attracts other innovations. it was helpful for us to be in greece to attract the best brains the best scientists and to build a good group that way we can also grow as a company that's very important for a new firm there's a lot of know how knowledge increase from their headquarters in athens suburb they now work together with companies and research institutes from around the world and they're c

basic -- more flexible.t result needs reforms that lead to a capital investment deeply driving the economy into capital stock and then aspire to a much higher wage that brazil will be will to deliver. things thatof the need to go right seem to be out of brazil's control. x -- half of exports were raw materials. what's your forecast for the brazilian economy? >> brazil is a big commodity exporter. buy it is not a big exporter. it is just 10% share of gdp. but brazil is one of the largest economies to trade in the planet. important whate happens to the domestic investment. what is our forecast? about 1.3% this year, going to about 2% for next year but with a huge degree of uncertainty. as you can imagine, there are clear concerns about policy direction irrespective of who wins the runoff in about two weeks, in the capacity to deliver the corrective measures, particularly on the fiscal side that was on -- that brazil means. anticipate there will be policy paralysis facing whoever that person is, given how fract

even though i'm not sure there's anybody more competent in the world. >> reporter: there are more teaeaves earlier in the day when the president appeared to set a high bar for the next u.n. ambassador saying that hailey made the job more glamorous. >> we have a number of people that would very much like to do it. it is a great position, and nikki realizes that but she's -- i think she's helped make it a much better position, if you want to know the truth. i think it has become maybe a more glamorous position than it was two years ago. >> reporter: the glowing praise is a far cry from the jabs they were exchanging during the campaign when mr. trump tweeted, the people of south carolina are embarrassed by nikki haley and she responded, bless your heart. >> you believe nikki haley when she says she doesn't want to run for president in 2020? you guys used to clash with one another. >> that's right, but i didn't know her. she supported somebody over me in the primary. it turned out very well for me. she respected it. and after that we get along, as you would say, very well. >> reporter: th

plenty more ahead on the al-jazeera news hour including more remains are recovered from a crash in dinies an airliner as investigators scour the sea for clues about what brought it down. sends a delegation to bangladesh to discuss what will happen to hundreds of thousands of refugees coming up in sports gymnastic start simone biles picks up what could be the first of many gold medals at the world championships in doha. but first the speaker of parliament has told president my therapy he must recall parliament by friday at the latest he's been accused of violating the constitution after he fired the prime minister and appointed a replacement but they also the leader ronald wickramasinghe is refusing to leave his official residence. political tensions rise across the capital bernard smith reports from colombo. supporters of sri lanka's ousted prime minister going to let him go court. has refused to leave his official residence here in the capital since president might recall a serious eighty five suspended right. to be pushed into the electoral mandate to strengthen democracy by trying to s

announcer: but there is more to be done, and more victories to be won.h i'd found dav sooner. i'm a veteran, my victory is just enjoying each day. announcer: help support more victories for veterans, go to dav.org ♪ ♪ maria: get ready for a big week of earnings next week. that'll do it for us this weekend. thanks for joining us. next weekend, tim ryan, my special guest. to join us. i'll see you sunday morning on the fox news channel, "sunday morning futures." congressman jim jordan and congressman john ratcliff, my special guests. catch the program live on fox news at 10 a.m. sunday morning. plus tune in every weekday and start smart, weekdays here on the fox business network. 6-9 a.m. eastern for "mornings with maria" as we set the taupe for the day. i -- tone for the day. that'll do it for us right now. thanks so much for joining us. i'll see you again next time. ♪ ♪ >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were de

cloud and more of and certainly more cloud and more of a breeze.re warmth further south with some sunshine. temperatures peaking at 20 degrees. if that is music to your ears, it does look as though the wind will change its su btle though the wind will change its subtle direction and bring some warmth. i heard of it, we could, for the start of wednesday, the potential for some fog. hopefully this wind will lift that we readily away and that will dry the weather front out of scotland as well. from wednesday and thursday, it looks likely to get warmer still, even into the far north of scotland. take care. this is bbc news i'm rachel schofield. the headlines at 8:00. snp leader nicola sturgeon — says her party would back a new brexit referendum — if the proposal was put forward at westminster. i said before we would not stand in the way of a second referendum, the so—called people's voye. i think the snp mps would undoubtedly vote for. pret a manger says a supplier was to blame for a second death — believed to be caused by an allergic reaction to one o

learn more. do more. share more.home, with internet essentials. ♪ >> bret: facebook says it has purged more than 800 u.s. pages and accounts for spamming users with garbage links and clickbait. the company accuses the offenders of setting up networks of pages and accounts designed to mislead users about who they are and what they are actually doing. facebook has been working to weed out misinformation and election meddling, since it acknowledged that russian asians abused at service in 2016. the face of health care in america is about to undergo some big changes. one of those has now been green-lighted by the u.s. government. correspondent gillian turner takes a look at what it means to you. >> is $69 billion merger between cvs and insurance giant aetna is poised to change how, where and when millions of american patients received medical care. not all of it will be for the good of patients, though, according to some financial analysts who specialize in health care. >> it could lead to fewer options for patients who

more developed markets. more developed markets.en you're already up there. very briefly, women are playing a strong role, tell us why. women are catching up very fast and they're one of the drivers of this phenomenon. clearly it's driven by... ifi phenomenon. clearly it's driven by... if i had to pick one factor, again, it is education. 88% of the respondents... female respondents have university degrees, which is more than twice of what their mothers had. standard chartered's fernando morillo stoppila sunzu to china, where pampering for pets... —— standard chartered's fernando morillo. to china, pampering for pets is increasing, acupuncture and spa visits for their beloved animals. it's going crazy. let's ta ke animals. it's going crazy. let's take a look. lots of pampered pooches in china. looking at the markets now and many have opened in asia, and they seem to be defying wall street's close on friday, where we saw a sea of red. those markets that are open, the nikkei 225 and australia are higher at the moment. let's look at tho

and that's how the more tobacco the rinse the more nicotine to of course. the butts may be small but they still contain nicotine. even if city authorities clean this area regularly it would be impossible to remove them all. as the number of bots accumulates served as the poison they contain. the months it isn't as you can see there are lots of bicycles locked up here and if you can't get in here with a broom i can only really pick them up by hand and no one goes to the trouble kind of life they stay here and the next hour it rains the nicotine will be washed out and then enter the sewage system through the storm drains the roost on get done in all of us listen up with the spices given equally sometimes it takes a just a few minutes to collect an entire bag of butts will have study. we will often fall in front of this station alone there are probably thousands of buts and the numbers grow every day we can be sure that a high concentration of nicotine is being released here every time it rains i guess its. worldwide approximately five point six trillion cigar

but happening now, are reporting shows a lot more specific, more localized and more tailored, but clearlyment is still very fragile in chinese equities and retail heavily driven market that continues to weigh hard on the fact that we've got this bear market, we've been in this protracted bear market for some months. 25% or so off the highs. sentiment remaining fragile, but at the margin, this localized, tailored support is starting to help. adam haigh, thank you so much. you can find that on the bloomberg. tesla announced a big break in china recently but the timing may not be ideal. rainy, what is going on with tesla? >> a star with a positive news. the company announced a deal in shanghai for the latest factory. that's the good part of things. the bad part of things is it comes at a time when china's automobile consumption is starting to shrink, possibly as 1990's was the last time they started to do that. purchases of passenger vehicles are down for the third straight month in a row in september. in addition, local competition is increasing as well. it's still not a done deal in terms

democratic make it more supportive. but on the street opinions differ about borrowing more money to finance campaign promises. i'm optimistic about the government but i'm worried about these attacks from outside a government that's finally thinking more about italians than others is attacked on all sides i hope it lasts. i'm feeling more worried than confident. today italy will submit its draft budget proposals to the european commission for approval after the eurozone financial crisis the commission was given the power to veto member budgets if italy became financially unstable it would pose a much greater risk than comparatively small a grease ever did rome has already said it couldn't care less what the european commission decides alright and for more let's cross over to our financial market correspondent barbara standing by for us at the frankfurt stock exchange really italy is going to present its costly draft budget today how big of a worry is that for markets. that's a big headache for the markets especially when

widely to talk to more people for more backgrounds to seek input about the supreme court nomination.r president, i am grateful to you and i am humbled by your confidence in me. >> i'm going to fight this nomination with everything i've got. >> were going to have a thorough process and be patient and will get it done quickly. >> bittle -- bitter confirmation battle takes a new turn involving an allegation of sexual misconduct decades ago. her name is doctor christine ford, a 51-year-old professor at palo alto university in california reportedly says that kavanaugh pinned her to a bed and attacked her. >> doctor ford, with what degree of certainty do you believe brett kavanaugh assault to you? >> 100%. >> none of these allegations are true? >> correct. >> no doubt in your mind? >> certain. >> i believe he was going to rape me. i tried to yell for help. when i did, brett put his hand over my mouth and i thought that he was accidentally going to kill me. >> this whole two week effort has been a calculated and orchestrated clinical hit. it has been fueled with a parent pent up anger about

and more unfortunately likely it is the murder and s.-s. a nation of journalists who had by the way turkish residency and was also engaged to a turkish citizen then that could probably spiral as i mentioned into some sort of diplomatic crisis where you would have a downgrading of diplomatic representation and obviously everything else that ensues from the popular front the hashtags on social media outlets like twitter and so forth have dominated the arab users over those platforms. over the past couple of days demanding his release there is a lot of anger right now being expressed by. twitter users and others in the are broad and also international express towards saudi arabia so on a popular front for sure there will be a big backlash against saudi arabia in pursuit of the crown prince mohammed it's a man who is believed was the person who wanted to see. these dealt with all right for now thank you very much. in istanbul. or now to our other top stories authorities in the indonesian city of palu or possibly considering calling off the s

more you know. full time since dealing with india is emblematic of the problematic nature of state support for the arms industry. during a visit to new delhi then president false well known to praise d'souza for fun as the best fighter jet in the world. some time later a deal came to fruition india purchased thirty six fire fighter jets for nearly seven point eight billion euro news. that deal was sharply criticized by fall term among others not least because the five jets a nuclear capable. command corps and the teachers union expires was up an article in the indian express makes it clear that india purchased the rafal largely because of its nuclear capability and so the decision in korea but you know it's not us who said that morning news it was actually indian defense minister manohar parrikar who stated that india was interested in the rafal because of its nuclear capabilities to. come to the decision a clear is. the sale stoked regional tensions pakistan embroiled in a decades long conflict wit

the argument is that it will incentivize them to invest more in more drugs on the market. time, we will have to wait longer time to see , sornatives on the market it is hard to strike a balance between a good patent and intellectual property and the competition. so it is worrisome again. shery: thank you. moreau, canadian public policy analyst. breaking news, instagram has named a new head of the company. veteran at the facebook and he has been named to the ceo of instagram. the founders of instagram resigned last week. we are hearing that to the new mosseri. we will have plenty more coming up, this is bloomberg. ♪ ♪ shery: welcome back. starting with breaking news, instagram has named adam mosseri as the new head of the company. is currently the vice president of product and he is starting as the head of instagram. this was announced by they's book, he is a 10 year veteran and now he was named head of product back in may. he is now named the head of instagram, we will have more details in just a few minutes. let's take a look at tesla. it is turning around, the automaker

expensive to treat more and more expensive to treat more and more different sorts of diseases. as a whole to accommodate that additional health spending. it answers my next question, is he going to be on target to eliminate the deficit in the mid—20s? i think it is no longer a top priority for understandable reasons. there's a lot of uncertainty around. there's a lot of uncertainty around. the public services are beginning to suffer. there are problems in prisons, problems with local government, problems with social care. the rather than prioritising getting the deficit down even further, and remember, it is low level now, it looks like the priority is to put more money into those public services. that is contrary to the manifesto commitment from just a year ago to get rid of the budget deficit by the mid—20 20s. my sense is, with no majority in parliament and given the pressures on spending, it is no longer his priority to get down to that budget balance. with better mentioned the elephant in the room, brexit. if that is no deal none of this will work. i think if there is no d

confusion is that the more. attention is getting more attention of internationally the actually asking for more because the elements of the story are. we are seeing the european position fixed from day one been very consistent among the three major players germany france and the u.k. demanding a full story on the full truth about about this so saudi arabia in my view i think will have to do more in order to give the accurate description which doesn't seem to be the case for example now talking about what have been to the body of jamal khashoggi i think there is a reason behind why we are a lot being told what happened to it because i think if the story or the truth about his but the revealed i think will more dimensions of the story that probably is out there he was not prepared to take or to handle at the moment and that's why we're probably seeing your we're going to hear more about it from president of the van on tuesday that's right already said that he's going to be talking about it on tuesday that's right

and more anti-semitism in germany. aren't we think it is worse and worse from who was was some observers it might seem paradoxical for jewish people to join the h.d. but they have and on sunday they're setting up a formal group and the party. spokesman is steamy t. shirts he's a jew from the former soviet union and he sees if he is the only party fighting muslim anti-semitism i doubt if you torture the one fortunately many germans have no sense of homeland and this homeland is in danger. that one spot pulling institute says anti-semitism is much more prevalent in the h.d. than in other parties and the f.t. leadership has faced repeated criticism for playing down the crimes of the nazis were literally the nazis are no more than a speck of bird poop in more than a thousand years of successful german history. sergey like he is a leading member of president jewish community and as far as he's concerned jews joining the age of fifty is a bad joke but he says the party is resonating with some jewish groups and we shouldn't f

in more than 120 countries. i am taylor riggs, this is bloomberg. stops -- asian tech stocks have slumped after a bloomberg report about china hacking america using microchips. the index at the lowest since july of last year and lenovo l the most in's february 2014, dropping as 2%. this bloomberg story is your pulling through the tech space. alex, what this is actually mean? are we going to see this production shift to the states? is it too soon to tell? >> it's probably too soon to tell. there's a lot of chip manufacturing in the u.s. but as we've seen, it extends very deeply back into the supply chain. it's hard to switch and all the sun manufacture chips in the u.s.. has enjoyedpple such excesses because they are able to manufacture chips at such low cost in countries like china and that is not an economic model which is very easy to turn on its head. the company still able to maintain that's financial success. francine: i have a great chart looking at chinese tech stocks. is this link to trade? how much does

plus, you need more and more.i am trying to understand, and what everyone is trying to understand, is how does it play out? we saw how it played out in 2008. there was a collapse in the sum pridemore will market -- in the subprime more will -- mortgage market. debtm: we transfer the from the state individuals in 2008, and we could lower rates at monetary policy to zero, theh helped because structural problem was monetary policy. later, it is time to raise rates because you have to raise rates. you cannot keep them at low level. you have to raise rates. who is going to pay the price of higher rates? a lot of people who benefited from that free money. namely corporations. and special real estate. so the first shoe to drop will probably be real estate. real estate because it is sensitive. and the higher-end real estate has already gone down. because people notice that they talk about it because quantitative easing increased among the quality. erik: so real estate is most vulnerable? nassim: the higher end real estate

we should take that as it will open up more work for people, more jobs, more things here in the united in alaska that really needs to produce more. my company now, this petrotech energy where you unlock oil sands in utah, we are now starting to produce. there's millions of barrels there. just this week, a group i'm working with doing some help down in south texas had calls from mexico people, oil people, said you can help us improve our production. stuart: got to get back to scott martin. you've got an oil play, an energy play, in other words, how to play the energy market for profit. tell us. reporter: i do, stuart. just like the gentlemen were saying previously, it's kind of sickening to think about all the oil wells that we have drilled here in the states, the massive barrels that are in west texas alone that are untapped. amlp is an etf that takes advantage of oil infrastructure. think about drilling equipment, think about transportation, pipelines, and things like that that are basically essential to getting that oil out of the ground. it's coming out of a three-year bear market,

much more cloud towards the northwest, more rain gathering in the southwest of scotland.mer. temperatures up to 16—17d. heading through the evening and into overnight, more rain arriving in the southwest of scotland, particularly over the highlands. we will see some cloud coming further south in england and wales. moving into thursday, and there will be more cloud across the uk. winds picking up cloud across the uk. winds picking up ahead of this rain developing more widely in the northwest of scotla nd more widely in the northwest of scotland lady —— later in the day, but ahead of that the signatures will be a bit lower, so more like 12-14d. the will be a bit lower, so more like 12—14d. the really cold air comes behind that rain which is on the cold front there. it does what it says, we get colder air coming as we draw down the winds from the north all the way from the arctic. as we move into friday, we soon see any rain clearing the southeast, looking at showers, wintry and parts of north scotland. most of the showers down the western side of the uk further east, shower

there's more pressure.rm as anthony pointed out, everyone that talks to the advertiser community wants to spend 80% on facebook because the roi is so strong but they idle back to spend 50% on facebook because they don't want to be held captive. so we don't hear it from any of the advertisers that are pulling bacterially based on -- materially based on what's happening. clearly needs to be some cleanup, but short term all of the social names have the same overhang going into the third quarter earnings print >> i want to dig into this a little more, anthony you mentioned maybe some price cuts i'm looking at coverage, facebook outperformed, amazon outperformed, alphabet, outperformed, netflix in line. at what point do you think of becoming more neutral or potentially selling out of stocks, especially if you see the beginning of a bigger rotation. >> i think these stocks are so good at what they do, they dominate, and that's hard to say, that evokes the attention of regulators that perk up their ears, so the ou

so, do we want more of a merit basis are just more people that are survivors. >> i think the number is 300,000 kids come here and get degrees we fundamentally make them go home. we should give them all a green card. that is sending brains overseas that want to stay here. now people in vancouver and toronto because of the very kids cannot work here. some companies are putting their research centers on trial. sending brains overseas is a bad idea. corporate separate than individual, we need a competitive tax system. the notion of a noncompetitive tax system is wrong. we were driving companies overseas. not everybody but those who could choose were doing that. on the individual side you could argue what we should have done. competitive taxes to me has been going on. >> we are talking about capital flows. is it fair to say that you are pretty critical and concerned with the way the country is turned with respect to immigration policy but more importantly lack of immigration culture? >> i think culture is an issue. i hope president trump, he says i want to do the green cards, i want doctor