that's the mother standard of care. this is how we inspire hope. this is how we heal. atment centers of america. appointments available now. ♪ welcome back to "bloomberg best." month, the people's bank of china unveiled a major reform to it's a major reform to its system of benchmark interest rates. a low prime rate each month hopes to encourage investment and foster growth. the ceo told bloomberg exclusively why he thinks the new policy makes sense. ♪ lpi, it is at the almost like the equivalent of primary loan, and when they announced that and forced everyone to apply for this rate, when you look at the first day of the fixing, it was down at 4.2%. medium lendinghe was priced at 3.25%, in the equivalent of the best of the corporate client in china, if they were issuing the bond, the yield would be 3.05%. you can see the gigantic parity between the two. when you consider the chinese market is about 80% of the lending market, you can see the need to drop the rate further and further to be much closer to the medium lending rate, and also the bond yield. when they do that

that's the mother standard of care. this is how we inspire hope. this is how we heal. treatment centers of america. appointments available now. isi am scarlet wu and this bloomberg, where we focus on the access, risks and rewards offered by exchange traded funds . a summer fling or something more serious? we look at the risks caused by the love affair of longer dated treasuries. another cloud on the horizon. the launch of an etf centered on the cloud computing industry. anhe

that's the mother standard of care. this is how we inspire hope. this is how we heal. ment centers of america. appointments available now. watching "best of bloomberg daybreak: middle east." opec crude production rose for the first time since the latest round of cutbacks. failure to launch. bloomberg sources say work on dubai's airport has been halted. meanwhile, the dubai government announced plans to combat slumps and aperty prices committee to balance supply and demand. we speak to the ceo.

that's the mother standard of care. this is how we inspire hope. this is how we heal. treatment centers of america. appointments available now. mark: i am monk -- mark crumpton. hurricane dorian is pounding the outer banks. even with winds down to 90 miles per hour the storm is bringing stinging rain and surging sea water to the outer banks. the governor spoke to reporters this morning. >> the danger right now is the rising storm surge of four feet to seven feet and flash floods it as the hurricane churns along the coast. flash flood emergencies have been issued for care and hyde counties and officials are telling people to get to the highest point in their houses. warningspical storm .emain in effect for cape cod dorian is expected to weaken becoming a post-tropical storm as iturday night approaches nova scotia, canada. the house judiciary and oversight committees have asked for information on the use of taxpayer money and president trumps hotels and

that's the mother standard of care. this is how we inspire hope. this is how we heal. ment centers of america. appointments available now. scarlet: i'm scarlet fu. this is bloomberg "etf iq," where we focus on the access, risks, and rewards offered by exchange traded funds. ♪ scarlet: a summer fling or something more serious? we look at the risks caused by the love affair of longer dated treasuries. another cloud on the horizon. this week's lifecycle features the launch of an etf centered on the cloud computing industry. and on the front line, soybeans are one of the most prominent casualties of the u.s. china

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that's the mother standard of care. this is how we inspire hope. this is how we heal. ncer treatment centers of america. appointments available now. >>> welcome back to "early start." people are pressuring policymakers on climate change. over 100 thousand people are on the streets in australia. expected meng t eed among the pn the u.s., are 1,000 amazon workers. jeff bezos revealed a plan to make the company carbon-neutral by 2040. the plan includes purchasing 100,000 electric vans. amazon invested $700 million in the company earlier this year. still, the company's workers said it's not enough. the group amazon employees for climate justice, say they want the company to become carbon neutral even earlier. amazon isn't the only one affected by the strike. workers at microsoft, patagonia and many others have pledged to take part in the action. >>> there's an eighth death from vaping nationwide. that's 150 cases from the week before. the latest death is in missouri, the first case in the state. health officials say the patient had normal lung function before he started vap

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that's the mother standard of care. this is how we inspire hope. this is how we heal. ncer treatment centers of america. appointments available now. cancer treatment centers of america. is skincare from around the wobetter than olay? olay regenerist faced 131 premium products, from 12 countries, over 10 years. olay's hydration was unbeaten every time. olay, face anything. >>> all right. wall street this morning, investors return to risk wednesday buying stocks again. the reasons largely about global growth. chinese data did not show the implosion president trump touts. this market is prone to trade tantrums. the president lives in an alternate reality how trade works. for example, the $600 billion he said china takes from the u.s., you know, it's not for nothing, right? consumers get things like oh, trump ties and a lot of other stuff like electronics, clothes, shoes in return. also an alternate reality, the president treats tariffs like a pool of money collected from china put into a pot that then he can allocate saying this, as people prepare for dorian to hit the u.s

that's the mother standard of care. this is how we inspire hope. this is how we heal. er treatment centers of america. appointments available now. >>> hurricane dorian now closer than ever to the u.s. coast line lashing the carolinas and spawning at least two dozen tornadoes. >>> this whole town is gone. >> hundreds remain missing as the death toll from hurricane dorian climbs in the bahamas. >>> hero turned tyrant robert mu gab mugabe has died. >>> they have solved sharpie gate. guess who altered the map with a marker? i'm dave briggs. >> i'm christine romans. it is exactly 31 minutes past the hour. breaking this morning, hurricane dorian creeping slowly northeast just off the carolina coast trailing a path of destruction. in just the last few hours it has now weakened to a category 1 hurricane. it has at least five deaths attributed to it in the u.s. dorian's high winds and lightning strikes leaving more than 293 customers in north and south carolina without power. cnn meteorologist derek van dam is in charleston this morning for us. derek, what's the situation in the

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that's the mother standard of care. this is how we inspire hope. this is how we heal. ncer treatment centers of america. appointments available now. >>> a new poll from fox news shows joe biden with a considerable lead over the rest of the democratic field. the former vice president at 29%. senator bernie sanders at 18%. senator elizabeth warren at 16%. joining me is jennifer granholm and mitch landrew the former mayor of new orleans. i like saying that. i'm from baton rouge as they say, not baton rouge. >> that was pretty good. >> good to see both of you. so, mayor, i'm going to start with you. this new fox poll out, biden with a strong lead over bernie sanders. the only other candidate faces these consistent questions about how long that lead will last. why is that? what's going on here? >> well, you know, i don't know. actually, his lead has been pretty consistent from the beginning. everybody is programming the fact that he's going to fall and he never seems to. we've now been through a couple of different debates. it seems as though given what the public is saying

that's the mother standard of care. this is how we inspire hope. this is how we heal. f america. appointments available now. paul: welcome to "daybreak: asia." the worldwe are at headquarters anyway. >> we are counting down to asia's major market open. paul: still no slowing for the mainland economy. violence returns to the streets of hong kong.

that's the mother standard of care. this is how we inspire hope. this is how we heal. enters of america. appointments available now. ♪ >> i'm taylor riggs in new york in for emily chang. this is "bloomberg technology." coming up in the next hour, textron. u.s. tech jobs stand up in an otherwise disappointing august jobs report. we will explore where the jobs are and what skills are in demand. plus, warning. says this is have struck people who

that's the mother standard of care. this is how we inspire hope. this is how we heal. reatment centers of america. appointments available now. guy: 30 seconds to go until the end of regular trading in europe this friday. to be honest, a range bound session today. not a lot of action either way. lowme is ok, oil is trading , which is why london is underperforming. the numbers, ftse 100 up .1%. boundan incredibly narrow in the ftse 100 today. oil is a factor. oil stocks have had a good , no surprise with the oil price coming off. of dax, we have seen some the industrial companies having a good day. was aa out of germany surprise to the downside. worse than anticipated. on the otherks are end of the spectrum. the cac 40 trading down .1%. pay attention to that. we might get news on the auto front. in terms of the sector story, it is mixed. cyclical sectors are doing all right. the chemicals trading higher, industrial goods trading higher, basic resources trading higher. i'm not sure you can pull too much away from this. they are trading in reasonably tight ranges. retail is

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that's the mother standard of care. this is how we inspire hope. this is how we heal. er treatment centers of america. appointments available now. cancershould alwaysnters be working harder.oney that's why, your cash automatically goes into a money market fund when you open a new account. just another reminder of the value you'll find at fidelity. open an account today. neil: more demonstrations, uprisings, protests, largely peaceful in hong kong but the fact of the matter china is not going to be patient through all of this. it has the power to declare an emergency if this hong kong unrest, although that doesn't seem like a great deal of unrest there continues. that gets to the core of claudia rose set's argument. she writes today brilliantly in today's "wall street journal" when push comes to shove at its core china remains a military power, a ruthless one at that. what she has said, i think what the argument is here, authorities surround their offices with huge water-filled plastic bulwarks. from the fortresses they ratchet up coercion. in beijing that is considered

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that's the mother standard of care. this is how we inspire hope. this is how we heal. cancer treatment centers of america. appointments available now. >>> this hour in hong kong, protesters are blocking a route to the airport. they will break up a disbursal operation. we're monitoring for any of that. these demonstrations are some of the worst violence in hong kong's 3-month-long protests. there was chaos between police and demonstrators. police used batons and teargas to disburse the crowds. 51 people were arrested. 40 people in one station alone. will ripley is in hong kong. i saw what you dealt with the other day. tell us about the situation now. >> we knew today, george, protesters planned to do something at the airport. there was a conjunction of anybody airporting at the airplane, that the clouds wouldn't be that farr. we're now at the closest train station to the airport where plo testers are open here. public transportation to the airport has been suspended. the bridge is backlogged with traffic. what the protests have essentially done is even though inside the

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that's the mother standard of care. this is how we inspire hope. this is how we heal. er treatment centers of america. appointments available now. >>> i'm announcing the house of representatives is moving fooshl with an official impeachment inquiry. the president must be held accountable that a polarized country will be put to the test with the 2020 election on the line. welcome back to "early start." i'm christine romans. >> i'm dave briggs. good morning to all of you, 4:31 eastern time, 4:31 at the nat n nation's capitol. only three previous presidents have faced impeachment proceedings. president trump will be the fourth. nancy pelosi officially launching an impeachment inquiry against the president. this was at the same time military aid was being withheld on the president's orders and sets up a fierce battle between the house majority and a president who has fought oversight at every turn. pelosi resisted impeachment calls for months but she now seems to believe necessity outweighs possible political fallout in the 2020 election. >>> the white house plans to releas

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that's the mother standard of care. this is how we inspire hope. this is how we heal. cancer treatment centers of america. appointments available now. >>> this is cnn breaking news. >>> catastrophic record-setting hurricane dorian steam rolls the bahamas. the southeast is next. who gets hit and when? >>> few answers after another mass shooting in texas. seven killed and a 17-month-old girl among the 22 injured. >>> items people will need to recover from the hurricane will be pricier. a new round of tariffs on chinese goods now in effect. >>> and serious back injuries for actor kevin hart. his car rolling down an embankment. welcome back to "early start," i'm dave briggs. >> i'm amara walker in for christine romans. 30 minutes past the hour. >>> hurricane dorian seen here from the calm international space station unleashing her category 5 fury on the bahamas. you can hear those gusts over 200 miles an hour. sustained winds now at 175. the hurricane made landfall on grand bahama island overnight. it is the strongest storm anywhere on the planet this year, and the most pow

that's the mother standard of care. this is how we inspire hope. this is how we heal. cancer treatment centers of america. appointments available now. >>> hundreds of protesters are crammed inside a hong kong shopping mall right now. they are causing disruptions for shops they believe are pro-beijing. it has been a largely peaceful demonstration on the 16th straight week of pro-democracy protests. however, moments ago, we saw a crowd dragging a chinese flag on the floor, possibly spraying paint on it, before dragging it around some more. but it follows a night of violent clashes after a lawful march into chaos. riot police shot tear gas and rubber bullets at demonstrators armed with rocks, bottles, and gas bombs. >>> saudi arabia has a new message for iran as it continues to blame the country for an attack on its oil facilities. the saudi minister of state for foreign affairs tells cnn the kingdom would consider the strikes an act of war if an international investigation finds they were launched from iranian soil. >> we want iran to behave like a normal nation. we want

that's the mother standard of care. this is how we inspire hope. this is how we heal. f america. appointments available now. trish: tensions between the u.s. and iran escalating after the secretary of state blamed iranians for the attack on an oil plant in saudi arabia. instead focusing on unifying our country with our allies against a brutal regime, you have got far left congresswoman ilhan omar taking this moment to sow more division and hate. and to bash president trump. here she is. >> congress has the constitutional right to declare war. the president doesn't have it. i think we need to make sure that the american people understand that this administration that lies about weather maps or cot size cannot be trusted to give us the full information we need. trish: dr. zuhdi jasser joins. what do you think ilhan omar's rhetoric is really about? >> well, it's really about the primary lens of being anti-trump and basically not about representing everyone in her district it's about representing the most of radical on the margins, if you will. she is doing uold damage to o