more starvation. but now we could eliminate starvation from the human experience. but the bottom line the first thing we need to do is get people to think about these ideas of we will enact it it is unconscious we don't know about it we have to be more aware and teach critical thinking and the evolutionary side should be a mainstay of that teaching. thank you. [applause] [inaudible conversations] >> in the late 18 fifties america generally trusted their congressman but not congress as an institution or each other many were routinely armed not because they were eager of their opponents but at a fear their opponents may kill them. >> the lesser argument contributes to keeping a system in place that takes accountability out of the system and it also is an easy way to bring in the evangelicalism to view that as a way of the worst possible way . [inaudible conversation] soon agree with the people >> [inaudible conversations] we are having some technical problems i hope you know who

more about more things, you are more easily alienated and negative, norotic opinion and i think we are correcting a lot of social injustices at pretty rapid rate largely because of younger generation but does mean you'll have targets coming in, it's a trade-off. becoming too powerful and the institutions that are working. >> so this could be a question for the two of you if you like, if that's okay -- >> ask the question. >> well, so i believe -- >> not quite exactly. >> so one of the names floating around for next candidate for the federal reserve under trump's presidency i believe is steven moore, you recently said something along the lines that capitalism, more important system than democracy in work in this country, i was wondering if this is something that you agree with and if so why and why not. >> my view is capitalism and democracy go together. democracy at higher rate of economic growth. the most successful capitalist nations tend to be democratic and nondemocratic wealthy nations they have a lot of oil, wouldn't want to live there, weather it's too hot and maybe not to stabl

down more than -- banco bpm is down more than 7% this morning.ns could be seen on october 23. we saw it in the bond market, and now equities are getting hit. what is going on in the u.s. premarket? what is going on with uber, down more than 8% premarket trading in new york. this comes after they are really hitting the brakes after the core results. they posted a $5 billion loss. the big question for investors is, can they return profit anytime soon? francine: the big question everybody wants to know. your main market moves. stay with surveillance. more coming up, including as they next the maker of diabetes drugs sees -- we see -- we speak with the chief executive of novo nordisk. that is next. this is bloomberg. ♪ francine: this is bloomberg surveillance. i am francine lacqua in london. novo nordisk has raised its sales outlook for the year, posted by a next-generation diabetes drug. the biggest maker of insulin now says 2019 sales will grow up from itsnd 6%, own look previously of 5%. joining us is lars jorgensen, the chief executive of novo no

in more than 120 countries. this is bloomberg. thank you very much. unrest in hong kong, and it is escalating. demonstrators disrupting flights . check with your carrier. this is bloomberg. ♪ nejra: this is "bloomberg daybreak: europe." let's have a look at the markets. you want is on the move above seven. you need something substantial to get it back. dollar-yen is up. haven's our bid. the yield on the jgb, what will the pboc -- what will the boj tolerate? we will talk about the yield curve next. a little bit of inversion in japan. nejra: take a look at the 10 year yield, hitting a 2016 low. futures on the back foot after the worst week for u.s. equities since december last week. dropping two a three year low. hong kong faces a general strike with flights canceled and public transport disrupted. carrie lam is accusing protesters of trying to ruin the city. motives areerior going to destroy hong kong. , twosk one country systems. nejra:nejra: sophie kamaruddin is in hong kong. give us an update on what is happen

economy humming. >> they're employed and more importantly they're spending more money.this time, you know, august 15 year-to-date, you have seenhe amount spent by american consumers atri bank of a, $2 trillion. it is up 5.9% from last year through the same period of time. so in 17-18 you were up 8.5%. 18-19 you are up 5.9%. think about that as 120 billion dollars more spending by our consumers this year versus last year. >> and a growing portion consumer spending is taking place at restaurants. kate rogers continues our look at the american consumer. reporter: if there's a recession brewing, the american insumer hasn't gotten the memo, particularly whe comes to dining out. census data show that people have been spending more at restauras this year than at the supermarket. one reason is that dining establishmentsre charging more, hiking prices at a faster rate than inflation. >> from a consumer perspective th reains substantial pent-up demand for restaurant servic o. over two of every five american adults report that they're not using restaurts as ch as they would like i

more than two bank rate cuts.re saying, we expect to bank if not 3 -- two if not three by the end of the appeared 30 year bond yields with below 30% for the first time. , wereof people are saying trying to tell you something, the world has slowed down, inflation is low, global central banks will be cutting rates and the fed needs to get in step and adjust with more rate cuts. compellings the reason to act, but why wouldn't powell signal he's more for -- ready for more rate cuts? kathleen: if he, like the president of the boston fed, who dissented at the last meeting, i spoke to him yesterday. he said the economy is still is weakne, and gross overseas, let those central banks cut rates. we don't have to cut rates yet. many people are not convinced the economy in the u.s. will slow so much even if the trade war continues, to justify a rate cut. retail sales, let's look at a chart. they have rebounded. they are not as strong as they have been in past years, but they are way up from below. will jay powell emphasize? t

in more then 120 countries.loomberg. coffee plunged 16% after releasing its first learning as the listed company. in hong kong, they scored a beat after winning back atc crown. more earnings, including tencent next. this is numbered. ♪ tom: earnings continue here in china. .enovo beat estimates tencent's report showed that the combat from a tough 2018 is taking better than expected. a near $13 billion second-quarter revenue wasn't enough to impress. analysts, our china correspondent has been following all of this for us. give us the key take away from lenovo and tencent. >> earnings were better than expected. they re-cleaned the top -- they reclaim the top sector. they also said that since that more than half of its sales come from the u.s. and china, it could face more headwinds given the escalating trade war. on tencent, it did beat on profit. but the big focus on profits was on the disappointing ad revenue sales. part of that because of the economic slowdown, that means lower people are purchasing ads on tenc

broadly speaking, the angle generally is, sometimes it is more guns and more people are armed, whetherces like this happening. a certain quarter of the us has support for that. we have heard a lot of talk about teachers, teachers are reluctant to go down this road but the national rifle association and other suggesting that more people armed and trained to use guns could actually prevent insta nces to use guns could actually prevent instances like we had seen over the last day. peter, thank you for that inside and do keep it updated if you hear anything faster peter bos in los angeles, keeping you updated on the bbc website as well. let's bring you the bbc website as well. let's bring you some news closer the bbc website as well. let's bring you some news closer to home. borisjohnson has pledged £1.8 billion in a one—off funding boost for the nhs in england. the prime minister said it would go towards "vital new kit" and upgrades for 20 hospitals. labour says the pledge is "significa ntly short" of the amount needed by the nhs and would not reverse years of cuts. here's our political c

money about gaining more attention in social media that translates into more clicks more likes i find this kind of quantification very problematic because it didn't dangers quality. in charged so this is the size medium because i like the loose fit better. it's got a cut out here so you can wear a colorful brawler or a bikini underneath and it'll show i but it's pretty comfortable when i'm traveling i combine it with. it's like that. there is government this is and this wants and i don't think it would work any other way the economy and the business that work with people like that don't benefit from you being happy with yourself then there wouldn't be any idealistic instagram. gives. it is this instagram. need to have money to get up much they earn money with it on t.v. and we go along with it even though we may not want to. call those money just as religion needs you to believe the advertising industry needs dissatisfied customers with a longing was seen to go to thank god happiness beauty and love are all things that could last forever. be the cable or they could be taken away in th

the weird thing is that the more the parliamentarians try to block the no—deal brexit, the more likely situation. but now this former conservative prime minister says he will challenge mrjohnson in court. sirjohn major knows all about tory fights over europe, they plagued his time in office. today he offered to help campaigners make their case that the government is breaking the law. that's one battle, the other will be fought in parliament. they'll have less time, but opposition parties and some tories will try to change the law to force the government to delay brexit again. i hope that parliament will take a series of actions in a proper, orderly way that by the end of the week mean, that borisjohnson knows that as prime minister, he has the backing of many, many of us to get a deal, but if he doesn't get a deal, he's going to have to seek an extension. to succeed, mps from several parties will need to work together, so are they confident? i'm always hopeful and i don't want to make predictions. all i know is that what we are trying to do is the right thing to do and i believe a majo

exposureus think about but more in a more defensive way. alternative.he francine: does the trade war stand for the next 18 months or did escalate? alberto: we see it in a long-term development. existing powers are trying to retain their predominance. at the same time, central banks are pushed to do more. maintain this level of growth. decreasing ande the monetary policy is decreasing. the patient has been under anesthetic from qe. there is no chance this qe is enough to make the patient's -- the patient recover. toare positioning for yields go lower. we prefer to have hard assets or things linked to hard assets. ding -- invest in countries where interest rates are still high like russia, mexico and brazil. francine: how have assets reacted when september rate cuts were called off? karen: the equity market and bond market look like they are on complete different pages. the bond market has the recession priced in and the equity market hasn't. it is not my base. all of our strategists have to concede that we are trying to make judgments about

we will have more. -- higher fuel costs. we will have more.ery: this is daybreak asia. paul: i'm paul allen in sydney. australia flag carrier qantas sees a week travel market as for your underlying profit missed estimates. our asian business reporter joins us now. let's talk about the outlook for qantas. how is that looking? >> it's a mixed picture. reported four-year profit down 70%. when you look at the various sectors around australia, the it ismportant market, bright and shaded. if you look at the price in the leisure market, there is weakness there. passengers flying on the budget airline jet are looking for cheap flights around australia. cheap holidays for their family. that dented demand. in the premiumt segment. also the international market demand is holding up. that is a small influence on the bottom line. it is the domestic market that is the most important factor for qantas. trying to get into the disruption business. was there any update on that? >> they have talked about this for a long time. direct the world's first marshall se

i think it was more authoritative. increasingly, the research is more thorough. i saw an article about medical bills and they laid out all of the bills. i think people are gravitating toward treating this like -- being treated like peers. >> we are so divided in terms of people living in camps of where they're getting information from. some people have massive blinders on. especially the right side like breitbart and when the president tweet something, it almost always goes to fox or a breitbart article. you can see how it got 500,000 tweet. on the flipside of that, i think people are starting to question and pay attention more. especially for millennials. they are much more active and curious and they want to know what is going on much more than before. you can look at the glass as half-full that way. olivia: people haveolivia: reportingme about my if they don't agree with abc. that fact check what we say. we fact check a million times. i think most of the time they are shocked. and i am like how do you think journalism works? important to educate people on how

more detail. tjx posted weaker growth in home goods being the weakest segment there. back over to you guys. >> what a day in your space, courtney great stuff. getting us all up to speed dow is down 55 to the judge >> carl, thanks. scott wapner, front and center apple comeback shares surging over the past two weeks. is a new high possible it's 12 noon this is "the halftime report." >> apple making big moves. the stock up 10% in two weeks. your next trade is straight ahead. >>> home depot, kohl's and tjx missing the mark on sales. is the american consumer running out of steam >>> beyond meat shares sizzling on an upgrade. is it time to jump back in after the recent sell-off? >>> the investment committee is

and law enforcement are fully engaged and nonstick more is full and there are more and more politicians. issuing statements like the governor of texas who said he and his wife are barely heartbroken and he also think the 1st response we also see more and more polish and democratic politicians talking about this monstrous thing one of them is bad or rule a former congressman from texas and so one of 2020 democratic hopefuls he said on twitter that our hearts i quote are with me to learn to everyone in the west in west texas who has to endure this again and he also added we need to and this epidemic and there are more and more democrats saying that there need to be a change to the gun laws in the us needs to be stricter now of course it's the latest in a series of shootings in recent weeks alexander you were recently reporting from el paso do you get the sense who you're porting there and your coverage in washington as well that there is any momentum behind a tightening gun in the united states besides talk. well i've covered opossum i covered several mass shootings here in the as a you a

that's something i think more and more people want to happen. you can see sunday, fewer people it's affecting business. all businesses. china is such a big market for hong kong. a lot of tourists are not coming. a lot of chinese tours are not coming. anddefacing of the symbol the taking of two flags of a flagpole and throwing them in the water, chinese flags, which has outraged the people in china. these are things that are below the belt. because of that, hong kong depends on china. of stores come from china. these are things we have to move on. we have to stop the violence. that's the most important thing. then we can talk. david: do you think the hong kong government still has this under control? if you extrapolate the police having a more hard-line, the protesters will fight back. what is the cycle -- and the cycle -- ends the cycle? it's kind of like dr. zeman: after 79 days, when protesters had blocked the main artery in hong kong, the public, who were for them at the beginning, public sentiment went against them. that it was time for the

has more . cameron is a mixture of the new phone and francophone communities english speakers make up around about a 5th of the population and they mainly concentrated into western areas of the country the tipping point came in 2016 when i looked and said that they finally had enough what they believed was discriminatory practices against that community that was after the government imposed french speaking teachers and lawyers in schools and the poor in areas protests in sewage off to it but they were cracked down on by the security services and the leaders were arrested sparking further arrest poor chant death kidnapped on the burning of settlements have to wrap it up the country many have fled and in the last year there's been a 30 percent increase in the number of people who need 8 humanitarian needs and cameroon has never been greater in the south west northwest in particular we have witnessed the emergence of a new crisis characterized by numerous abuses and violations of human rights but a

no one has more respect for women than i do, nobody, nobody has more respect.going to push on this one. caroline: i think trump. the tempo, that sounds like something he would say based on the staccato way of saying it. joe: that was trump. caroline: finally. joe: you guys in the d.c. bureau did such a good job with this quiz. everyone should go online. there are 15 quotes. people are tweeting their numbers. they are terrible. thank you, appreciate you. >> any time. caroline: we failed that quiz miserably. as demonstrations continue, we will look at the financials. this is bloomberg. ♪ hashe etf industry something for everyone. in the midst of the demonstrations in hong kong, we highlight one fund that focuses on the asian financial hub. ♪ >> the ishares hong kong etf is one of the oldest single country funds available, ewh. to ang recently jumped five-year high as antigovernment protest continued. weeks of unrest have taken a toll on performance, at a time when the city is struggling with the fallout from the trade war. the fund's assets have slumped this year

the world is getting more simple. more asteroids i'm not trying. to global $3000.00 talks would seem british researchers to take a more optimistic view. the world isn't always a good plan but it's much much better than it was how. is the world really getting better. a global $3000.00 special report. starts on this monday some details of. the book is a lizard man we're being poisoned by care is that aircraft leave behind an german chancellor angela merkel is hitlist secret daughter social media is full of conspiracy theories like these and many videos supporting them figure prominently on the net why is that and how does social media help to promote conspiracy theory is i what topic this time. does this happen to you the author play featured on youtube. plays a strange video which seems to fit with what you've just see you don't know whether to be irritated all fascinated but you keep on watching so when you find yourself sucked into a parallel universe of alternative beliefs videos on conspiracy theories seem to do quite well on you tube and for so

says more than $37000.00 homes have been destroyed or damaged or more flash floods are expected. wall street journal says u.s. officials will meet sajid representatives in washington on the way to state it's part of the push to convince the saudis to broker a cease fire in yemen and u.s. federal judge has brought to new abortion law in the state of missouri pending a legal challenge by pool boy activists who say it's unconstitutional you know it was due to come into effect on what state you're up to date those are your headlines the news continues here after hail the algorithm. think of some of the biggest companies in the world today there's google amazon microsoft facebook we checked all of them big tech with algorithms at that one more than just uses all customers will these businesses would generate is a dot and they need us to like them for them to be indispensable because the more that we use them the more data we produce and where in the midst of a great race for dot and big tech companies are on the chase. for the past 3 years academics nicole dri and a mrs may he is have

, more energetic, more healthy.crews race to shore up a collapsed dam wall that's put a derbyshire town at risk of flooding. the lib dems win the brecon by—election, reducing borisjohnson's working majority to just one. scientist say the july heatwave that hit europe was made more likely and more intense by human—induced climate change. here's your business headlines on afternoon live. some disappointing news from the construction sector. output declined for the third month running injuly. ihs markit/cips which did the survey said confidence in the sector was at a seven—year low, reflecting lower volumes of work across the board. two package holiday firms have collapsed, affecting more than 50,000 travellers. malvern group, which incorporates manchester—based late rooms and york—based superbreak mini holidays, known as super break, has ceased trading. a no—deal brexit would result in an instant shock to the uk economy, the governor of the bank of england, mark carney, has warned. in an interview with the bbc, the go

and then they gave more skills more knowledge and more experience and also the salary ladder. and thatjo cuts off opportunities and then to struggle that these are things the economists observe in every recession and to put all of these negative effects on steroids there is lot of evidence those that were hiringre those harnessed areas with those job applicants entry-level jobs. and once has said it didn't require any previous experience and to find those slightly older workers competing for those other jobs. and then hanging on for dear life and those millennial's would stay there for a lot longer because there just were not other jobs and partly because we didn't want to give up on whatever perceived security we had. and with that great recession with the historical averages and then to establish 55 million opportunities to hop between jobs as they work their way to the latter. it's important to keep these numbers to corrective discussions even today. because some made it. if you work in silicon valley, congratulations i wish you many happy saturday mornings shopping at whol

more thanee growth of 2% and core cpi of more than 2% and average hourly earnings growing by more than%. it does not seem that bad. james: it is not that bad. there was a time when 2% in seen as a stalled speed. now, i would regard to present as the new normal. i do not sign up to the expectation that we are dealing with a u.s. recession anytime soon. and i think the u.s. yield curve will normalize in the months ahead. jobs: even with a strong report, will that stop the fed from embarking on its efforts? issue i think the trade will dominate the thinking of the fed. the last time we had a serious policy and now met for mr. powell prior to the fmoc, he mentioned "trade" eight times. trump knowsat mr. which buttons to press to get the outcome that he wants. matt: what is the outcome you are investing on? to thei am ascribing expectation that we will see further rate cuts in the united states. we will not see a recession. the only signal that most pundits will seize upon in describing a rising probability of recession is the inversion of the yield curve. the cutting of short rates will he

drugs and more misery. enough of us to just about manage the situation, in terms of making sure no—one‘s getting seriously hurt. but in terms of seriously disrupting or attempting to stop the supply, there's nowhere near enough of us. and you can find out more about the bbc‘s investigation into drug crime in england and wales, including seeing what it is like in your area, at bbc.co.uk/news. the prime minister has ordered a review into the sentencing of dangerous criminals, and whether they should spend more time injail before they are released. critics say there's no evidence that longer sentences prevent crime, and the uk already has the largest prison population of any country in western europe. the review is the latest in a series of recent announcements on law and order, heightening speculation about an autumn general election. our political correspondent helena willkinson is at westminster. so there are lots of ideas being thrown about, bring us up to date. that meeting with the prime minister is taki

as made mass calling available more readily to more people including more scammers. how many voip providers roughly are out there? you said, basically a small kind of specializes in the scam. be clear, that there are a number of voip are ders and many of them legitimate. >> roughly how many would that be? think there are probably a few hundred business that is use voip at the core of their business. maybe a thousand even, and i that there are a few dozen that are positioned to ave their platforms used for illegal -- >> that seemingly would make it easier -- >> would you think so. to remedy this. i look at it kind of similar to crisis, where now we know that distributors, you data, saw all the something was askew, just didn't looks like, you it , it's an issue where shouldn't be that difficult to flush this out. would be, is any third party taken an interest in after these g couple of dozen scammers, in the need help, en you you generally have someone there hat's going to help out the victim, that's made this, you know, a mission? to nybody out there trying help the e

sighing it's not anything new just more perhaps more frequent more violent more unrest more agitation and more nks it's just more assignment or 2. christopher snowden in victoria for us thank you so much thank you. a citywide general strike is now under way in hong kong the police have been firing tear gas to disperse crowds that were blocking traffic earlier train services were disrupted and at least $100.00 flights were canceled protesters are angry over how the government and the police of handled weeks of protests triggered by a controversial extradition bill many want the territories leader kerry to resign but she's accusing the protesters of trying to destroy hong kong such extensive disruptions in the name of certainty months or are uncooperative and therefore men have seriously undermined hong kong's law and order. and are pushing our city the city we are loved and many of us helped to build through the verge of a very dangerous situation well hong kong's opposition politicians saying kerry has now lost all legitimacy to continue in office. i carry land has cryptically tell th

, more energetic, more healthy.e end of the summer holiday, these children will have to go back home, but it's hoped that this clean—air holiday will give these damaged young bodies a boost. fiona lamdin, bbc news. eight minutes now to six p:m.. police in the us state of washington are used to stopping motorists but they got quite a shock when they saw a plane racing down the road. when the light aircraft finally came to a halt, the officers had to knock on the window and have a word with the pilot. as richard lister explains. is it pilot. as richard lister explains. isita pilot. as richard lister explains. is it a bird? pilot. as richard lister explains. is ita bird? no, it is a plane caught on the police —— cam buzzing low over the morning commute. caught on the police —— cam buzzing low over the morning commutelj thought low over the morning commute.” thought that this thing was a remote controlled train. —— plane. as it got what they got bigger and bigger. to the point of "that is re—close to the ground, i think

we will get you more as we get more details.is reporting at midday hong kong time, so we will get more detail from the announcement. noah quinn will be stepping in as interim chief executive. paul: a chinese company led by a former gm executive has launched its first production ready electric smart car. human horizons discusses how he aims to beat the competition in the crowded ev space. we designed this for the future. also we engineer this based on swiss market strategy, small role, smart transportation and smart cities. we have [indiscernible] they can help us to have a more smart features in our vehicle. after receiving the car, consumer can use software and hardware to develop something they like like the way they opened the door, music, atmosphere inside the vehicle. tom: what segment of the market are you targeting? >> high-end and middle sized. we can develop for our five vehicles, different size but all premium suv. that support us, have a strong case because the cost and investment [indiscernible] tell me about fundrai

the more informed voters are, the more responsive our become. so while i agree with senator cruz that congress as a whole -- and voters are getting now, i don't agree term limits are the answer. term limits have served to strengthen the executive branch at the expense of legislatures. they make lobbyists more, not less influential. i look forward to hearing more details from our witnesses on both sides of the question. thank you, mr. chairman. sen. cruz: thank you, senator hirono. we know introduce our first witness, the honorable jim demint, former senator of south carolina and a long-term friend to many of us on this committee. senator demint served at the american people in both houses of congress from 1989 to 2005. he represented south carolina's fourth district. in 2007-2015, he represented the state of south carolina in he united states senate. he authored reforms to taxes and entitlements. among his many achievements, he led conservatives efforts to ban congressional earmarks, something the republican conference this year made a permanent

that story and more at 5:00. >>> that will do it for us. for kpix5 news at noon, have a great afternoon. >>> allen and veronica will see you at 5:00. have a great day, everyone. >> hope: stop it! >> thomas: let's go back inside. let's go back inside, sit down so i can explain everything. i need you to know how sorry i am. >> hope: stop, thomas. let me go! >> thomas: hope, please -- >> brooke: get away from my daughter! >> thomas: brooke, brooke, i'm sorry. look, i just meant to make her understand -- >> brooke: get away from us! >> hope: thomas! >> ridge: thomas! call 911. ♪ >> bill: great meeting, gentlemen. remind me to give you both

with more aggressive rate cuts then what is priced in, and certainly be far more dovish and more aggressive they did last month. guy: so this is no longer a midcycle slowdown. nick: absolutely not, and i don't think it ever was a midcycle slowdown. i think that was the fed's attempt to keep rates in check. the thing is, the fed did not really want to cut. they were forced to cut by the market. evenhe market is pricing and more negative stances. i'm not really fully prepared to give up on the u.s. economy. confidence numbers are still strong. growth numbers are still ok. but the problems are outside the u.s.. the u.s. cannot stay immune to the issues happening globally. i think you have to look at the ecb or europe as sort of being the leader of all of this all thisinformation, negative data leading towards the u.s. rallying more aggressively and equities falling. guy: what seems to be catching my eye at the moment the most is the rate of decline in terms of the data coming out of germany, and particularly china. it is the delta there that i think is frightening. do you see the same thing, a

they get more options, more portfolio, and more price points.id: quickly and finally, anything left on your shopping list? to dono, we've got work here in terms of executing, but we've got a long history of doing that. a lot of respect i have for the bayer animal health employees, having them join the team. ultimately, this is one of the most innovative and admiring ,ustomer basis of veterinarians farmers, and pet owners. alix: thank you to jeff simmons, elanco ceo. boston fed president eric rosengren says he needs to see more signs of a slowdown to justify rate cuts. we will bring you more of that interview next. this is bloomberg. ♪ alix: this is "bloomberg daybreak." i'm alix steel. a little soggy in the equities market. you had home depot and kohl's announcing earnings. a little bit of softness on the margin. european stocks unchanged. we are seeing some movement in the currency market. the dollar index hit its highest level yesterday since 2009. it is a mixed dollar story today, but you are seeing much stronger yen. germany is going to sell

they should be doing more. was it because i think it's enough of a precision do more it's already complicated to enforce mountain regulations where's my- difficult for people who just want to hike or. climb a mountain to understand why such a rule exists. so far in n frane there wasn't any regulation. so this came as a shock for us. i hope it will stop there this past christmas i direct your body job abuse. do you think people will take those new regulations seriouslyly and i think that like in terms of business you know yes of course. if there are rules people respect them. and even more so if they hand out fines minute select you willl. as a mountain climbers s it saddens s and juggling call. we've heard criticism about a new generation of climb as people who all perhaps. quite as serious as they were perhaps thirty years ago or so have you seen. a shift in attitudes by climbs. the postal driving today mouountaineers are much more aware and respectful of nanature than before. nonowadays there'e's not one piec

more and more people coming into a&e for different reasons.th social care, sometimes because they cannot get a gp appointment. so, choose the relentless pressure on the nhs, it bore percent increase year—on—year in the numbers going into a&e. the heat had a bit to do with it, but it shows the more general picture of pressure on the nhs. in terms of the general picture, is suggests an increase of people going to a&e? general picture, is suggests an increase of people going to me? we had statistics today from nhs england on the numbers waiting for routine surgery for nonurgent operations and procedures, hips, ca ta ra cts , operations and procedures, hips, cataracts, knees, that sort of thing. that should a ragged number of people in england on the waiting list. 4.4 million. the target is very to 2% of people to be starting treatment within weeks and that has been less consistently and the figure has been falling. the number of people waiting more than 18 weeks, a long time if you are waiting for a what is deemed as a nonurgent, it has gone abov

more ana, more better.'s not play with methodology and all of that, i just did that with ron brownstein. let's deal with the fundamentals of what this means inside the party. ana navarro, if it's about electability, biden has been showing pretty solid strength but warren has been growing, bernie sanders is always there. is electability still pointing to joe biden and why? >> look, practically every poll i've seen about electability shows that any of the democrats on the top can beat donald trump. and so that does not help joe biden. what joe biden has going for him is that he appeals to people like me. to disenfranchised republicans, to centrists, to independents, to right-leaning independents. that is his ace in the hole right now. that is his big card to play. but i will also tell you. i think elizabeth warren is growing on people. she has shown a work ethic during this campaign is impressive. >> and she knuckles up. >> i can talk to you about -- >> a lot of democrats -- as you know, every time we're on l

than 3 years making imports more expensive. chile's export based economy is particularly vulnerable to what it clown a missed call external shock so what affects its main trading partner china has a direct impact on words for. the. price. paid. to the early days but the who have. grown. up perhaps know when it is being more impacted by this crisis and the people there to see here tens of thousands of migrants have come here to chile just this year alone the majority of them from that this way and they're here at the immigration department hoping to get their papers in order so that they do the jobs that are becoming harder and harder to come by the world economy minister tells al-jazeera that he remains cautiously.

analysts in more than 120 countries.alists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. vonnie: let's get a check markets now was taylor riggs. taylor: mostly green on the screen, trying to lock in some of those gains. leade seeing the russell the gains today. flip up the board. i want to take a look at crude as well. energy stocks rising along with it. if we flip up the board, i have some winners and losers. higher on a slowing revenue growth story. autodesk, you and i will talk about this later on this hour, but autodesk analysts are pretty worried about the macro case with this company, that seems to have made a turn for the worse. finally, it is all about the twos-tens for me today. you seem sort of a rally in yields on the long end, and that means we are still inverted by about four basis points. this is the fifth straight day of inversion, something certainly that jay powell continues to look at. vonnie: thank you. still with us, ben ritchie aberdeen standard investment head of euro

so more and more being priced in as we go.ne of the floor traders down here, he says he is focused on the fed as everybody else is, he is more than likely focused on the big if, some sort of agreement between the u.s. and china on tariffs. neil, back to you. neil: great job as always. that is the latest from there. i want you to pay attention to not just stocks moving on this but mortgage rates in general are sliding down. ten year under 2%. the market kind of confirming that this is the trend that will be their friend. a 30-year mortgage at 3.75%. oh, my god, knee neil will tell us the story about he and his wife got their first house, he will joke about what he and his wife paid per day on the first mortgage. funny you should say that, because 3.75 was what my wife and i were paying per day -- i'm done. so it's low, very, very low. we're not seeing quite the bang for the low interest rate buck. zillow director of economic research joins us. skyler, thanks for taking the time. >> thanks for inviting me. neil: you know what is

the more volatile the world seems to get, the more popular gold is.erry duffy is with us here right now. you've seen a pick up on volume and activity around a lot of this. what do you make of this? >> well, neil, it's very interesting you bring up gold. a lot of people have not talked much about gold even in some of the recent down tours that we've seen in the marketplace. even in the last couple years, as you know, we've had hard downs, even though the markets have come back. gold hasn't been talk about. this time it's more front page news, which i find interesting. when you look at our gold trade, we average about 500 to 600,000 contracts a day in august. and now a speak in the volume. so we're seeing people pay much close area tension to gold than they ever have before, which i find interesting because that was not the case what we've seen the last 24 months. >> typically the attention to gold oftentimes, not all the times, is built on the expectation of inflation or the economies of the world heating up. and that -- it's far from the case now. so

spencer: we will see a lot more users of bitcoin. more miners processing transactions.tant thing between now and then is that we have a new issuance of bitcoin created. that will create a little bit of a change in the stock to flow ratio and will drive the price a little higher. emily: spencer bogart, blockchain capital gp, thank you so much. as well as mike mcglone. thank you. still ahead, wework lasted. why one analyst is taking the company to last and issuing a warning about the ipo. that is next. this is bloomberg. ♪ emily: strong words about wework's ipo filing. an analyst called a masterpiece of ups be patient. he says wework must've put in great effort to conceal the underlying economics of the company. wework label some compensation as investments. the company is not commenting. let's take a listen to what he had to say earlier. ork is thing about wew it is a business like google. we rent big office space from landlords and we have glass, ping-pong and beer. we rented out for a different price and we have money left over when it is done. the thing that is a chal

i think she will be much more inclusive and much more flexible and much more driven despite what economists be much more driven by debt of than she was in the imf. nejra: what do you think of the idea of a dual interest rate policy, you get a lower rate and it is conditional on banks lending to corporate and consumers? is that something that might work? david: i think that is right. a specific lending program is important. the problem is, there is an intra-european solution here that benefits very much the southern banks, italian bank most of all. it does not benefit german banks, not even french banks. that issue of political legitimacy in doing that. -- on then the hall whole have been stabilizing p my view forward is that we will get a further reduction in the depth of rate. i cannot quite see the consensus monthly qellion purchase. we will get there. is going down faster than most people think. we were among the first ones almost a year ago to say that the german economy was going into technical recession. tom: i want to bring up a chart which thunder struck me off your wonderful essay,

tony ahrens has more. judges havely, two weighed in on the issues, kicking the can down the road for one more week. there are going to be a series of hearings in london, edinburgh , and belfast next week that could create one of the most hectic legal scrambles over the ability of boris to prorogue parliament. alix: thank you very much for that update. now we want to turn to argentina. the s&p downgraded the credit rating to selective default, saying, "following the continued inability to place short term paper with market disciplines, the argentine government unilaterally extended the duration of all long-term paper. this constitutes a default under our criteria." milanlena -- carolina joins us with more. what are the broad indications of this? carolina: just three years after the country got out of default status, we are seeing this. thatthey have said here is after the market collapse after and which theons, ,pposition came out very strong we are finding support. they are also seeking re-profiling on $50

talk more -- zone. talk more about that. from the business model, thinking about western countries. that's not where they make their money. >> exactly. we have statistics in the story that look at airports in asia and how the percentage, for example, a revenue from retail and those airports, much higher than what you see in the u.s., i think that's the idea. there are these economic zones that are not only the airlines operating in and out and the travelers but other businesses creating jobs there --. -- jobs. but also creating the need for transportation to and from the airport. it is spurring things on a much grander scale. the project that is coming up most recently that we will see in september is the new beijing airport. carol: the world's biggest, right? >> yes. and we are seeing projects in singapore and hong kong, all across asia, india, china, the asia-pacific region, it is an exciting time. and it's fascinating to see how they are being set up in terms of being satellite terminal buildings from the main concourse a

su keenan has more on this.ompletely different story than what we saw through it -- saw with lyfts. usu: let's get right to the scoreboard. as far as volatility, the worst is over. china doing what they can. 100 techat the nasdaq came back in a strong way. we are seeing big changes in future which are slightly lower going into the friday session. .et's get the movers amd coming out with what is called a game changing shift. the stock in the stratosphere. uber rallying ahead of the results basically on a strong report lyft had given. on a down in a big way disappointing earnings report. she tv is where you can find our library of charts. gtv is where you can find our library of charts. the debate rests and where the next leg of the s&p is headed. always lot of action as in the oil futures market. they rebounded from a seven-month low. saudi's signaling they will take steps to stabilize things. what is the latest? : we saw oil rising for the first time in a week. if we go to the big picture, the story is that the

women are associated more with sensuality irrationality they're supposedly closer to nature and more emotional i. say should also perhaps be more at home responsible for housework all this is expressed in these pictures where girls and women are to be desired they're expected to be objects of desire what they say and do is less interesting and i believe social media is giving new rise to this imbalance here people are compared rated and shamed and i must add there is a remarkable amount of shaming rituals on social media this guidance a child needed one. philip ashima was it a highlight of phrase he came. as a nice day it's almost business as usual to be attacked as a woman and if your voice your opinion the readers in my case it's mostly male readers won't respond with arguments they'll say you're ugly you're fact nobody would want to screw you anyway they immediately make it about my gender and my body and cup i. was busy at what's actually sensible for me we've been observing a massive amount of denigration of women in the social media insults threats violent speech to say the lea

the vigil will take place in san jose in about 30 minutes. >>> more officers and more surveillance. fremont has beefed up security for this weekend's free outdoor festival. festival of the arts draws nearly 400,000 people. police are bringing in undercover officers, steel barricades, a surveillance tower and more. festival goers say that extra security allows them to relax and have fun. >> you don't have to worry about your back because there's so many looking out for you. they even have a tower, a tower looking out, so i'm sure on a moment's notice they can take care of any emergency. >> event organizers will be collecting donations for the victims of the gilroy shooting which include the honey ladies. a husband wife team were shot and injured, they were supposed to be at the fremont festival this weekend. >>> hundreds of firefighters are still battling fires that broke out between clayton and brentwood. it's burning off marsh creek road. but it was a scary night for people who had to evacuate and shelter in place. firefighters gave us an update, and they're getting a good handle o

but nowadays they are the exception more and more looking for other ways to make a living. a major reason is frequent periods of drought that means dried out pasture land and less for the cattle to eat and drink another reason is that the land where they graze their heads in strength it also has to be shared with wild animals. patrick property has been observing this development for years now he is himself from outside and the local community official and close ties to the people living here still observe centuries old traditions but they are being forced to change in order to survive. biggest challenges the loss of land loss of land is a lot is going to be subdivided that would reduce the number of less that we rely on because that is the only thing that land can support very few. number 2 is the climate change grains are predictable. you cannot you cannot invest because of the future that there is not clear for us so climate change and lots of it a couple of 100 kilometers to the north east in nairobi is african beekeepers only commercial companies devoted to the developm

molly has noted that more and more of these lower quality issues are making up more of the broader indexe spreads are holding right in there. what is your take when it comes to some of the debt levels on companies you cover like apple or qualcomm? jordan: 10 years, a company like apple will be really strong for its balance sheet strength. when you look at a 30 year bond, there are better places to take risk. qualcomm was upgraded this morning given the partial stay ruling on friday which basically lets the company maintain the status quo for the time being. the company has really strong positions. modems and applications processing. i would advise clients to take a little bit of risk. you don't need to be in apple, but certainly take some caution for the low bbb names. you want to stay away from those highly levered names. it is really the indirect impact of the trade war that competitors need to pay attention to. taylor: jordan was talking about taking on a credit risk when you can. in my terminal, we are basically looking at tech spreads in the high-yield market versus the overall bloo

so the more court cases and the more judgments we parliament.e for what he said today, we didn‘t get the interim interdict which would have given a temporary halt on prorogation, but because the full hearing will be on tuesday rather than friday next week, we should get some results before parliament is prorogued next monday. the key thing here, is really what the defence secretary said yesterday, the advice the government have given to the queen to prorogue parliament is not the reason they want to prorogue, and the defence secretary said yesterday it was to try to stop mp5 from stopping an ideal brexit. so the legal advice that has been given to the queen to agree with the prorogation of parliament was the wrong advice, and the privy council are unconstitutional to give the wrong advice. to be clear, you are saying the stated intention for the suspension of parliament is not the real intention and you will ask the judges to determine the inside of the prime minister‘s head and what his real intentions are, whatever he says about them ? his rea