from new york and london, good morning to you all. is "bloomberg surveillance ," live on bloomberg tv and radio. we are -1.6% on the s&p 500. this is bloomberg. ♪ jonathan: from new york and london, for our audience worldwide, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. your price action ahead of payrolls, 60 minutes away, shaping up as follows. ite 52 on the s&p 500, call -1.6%. in the bond market, yields headed south by two basis points to 0.66%, almost exactly where we were this time last friday. dollar stronger against the euro. euro-dollar, $1.1717. what a strange 12 hours for the world and the united states of america. a story that started almost 12 hours ago here at bloomberg. reporting that a close aide to the president and this administration, hope hicks, tested positive for the coronavirus. we heard nothing from the administration until president trump went on air with fox news, and this is what he had to say. pres. trump: i just went out for a test. it will come back later, i guess. in the fir

from new york and london this morning, good morning.eene and lisa abramowicz, i'm jonathan ferro. coming up very shortly, with big tech outperforming this 24 hours, christopher harvey, wells fargo head of equity strategy. the nasdaq absolutely flying. up next, earnings from citigroup. this is "bloomberg surveillance ." ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. ♪ stimulus,ner we get the more moment and we can keep in economic recovery. >> i think we will be stunned by the degree of earnings upgrades. >> the risk is that the economy accelerates to quickly. >> we are still in the greatest economic shock in over 50 years. >> the market will hear wha

to do you like some stuff and movoves everything happening in new york it's like february rightt but then it i it literal. goes new york london malign.. paris boom boom boom four weeks in a row. and they're back to back. and i don't know what will be a part of the mind of the part of anything but hopefully it's still not something . if i can find the page that i was on. some confirming to one of our biggest of. yeah barbie allowed the soviet times this week. him because the window my man willing to savannah just aheadd. that have german in high and into her little. the. so if you ask me what i talk about when i'm at school. i'll give this back to the knees we have lots of opportunities that come out of the fact that she's such a good speaker now and people want that story as you build a name for yourself. it opens up of the kind of the opportunity to build a business out of it model a model of the. mother i'm of the mind.d. one to go lok a little cement oil hi way money from them when my son just like how it. progress youou knowow for us on the go button. on the left has the locust hunt carson idea. i think all of those thing

clearly, i'm in london, you are in new york, and we are trying to get me back. b in london is really important, and it is barely functioning right now. they need to sort out testing at the airports over new york and in london, as well, and they still haven't got it done. other countries around the world are getting it done. it is not just about throwing money to bail them out. it is about getting planes in the sky and helping getting them back to work. tom: on bloomberg radio and bloomberg television right now, we are going to bring in two short people on the economy. tom porcelli is with rbc capital markets. he has done a found model job of not only linking labor trends assuage dynamics, and we get a jolt out of our michael mckee as well. what was the jolt survey like yesterday? what did it indicate to you? tom p: there are quite a number of job openings out there. that is certainly an encouraging development. we would need to get bodies into those openings, of course. we have done a good job of majorityack the vast of job losses right now. gohink there's a long

jonathan: from new york and london, this is bloomberg. ka: with the first word news, i am ritika gupta. now there is a question of whether there will be a second presidential debate. president trump says he will not take part of the candidates are in separate negotiations. he told fox that is not what debating is about. earlier today the commission that runs the debate said next week event will be a virtual event to prevent the spread of the coronavirus. meanwhile the vice presidential debate there were a few fireworks and interruptions. still, mike pence and kamala harris battled over a wide range of issues, including u.s. relations with china. the president's trade war with china, you lost it. what ended up happening is because of a so-called trade war with china, america lost 300,000 manufacturing jobs. farmers have experienced bankruptcy. pence: lost the trade war? joe biden never fought it. joe biden has been a cheerleader for communist china over the last several decades. ritika: on the coronavirus, mike pence said biden's plan looks

from new york and london, this is "bloomberg surveillance," live with tom nicely muted, how we want tothem for the next hour. ♪ jonathan: from new york and london, this is "bloomberg surveillance." radio, --oomberg pvm live on bloomberg tv and radio, alongside tom keene and lisa abramowicz, i'm jonathan ferro. eyes going to payrolls friday. we advanced 0.9%. hello q4. q3, we advanced 8.3%. september was not great, the. firmer euro in the mix, and there we are at 0.7% on the u.s. 10 year. we have a move, though i should emphasize that it is 70 basis points, still slap bang in the middle of the range. the low end at 50 basis points the high end at 90. that is the midpoint. tom: the conversation today, david westin with speaker pelosi in the 12:00 our, you really wonder if they can get closer to stimulus. jon, i look at the markets here and i love the idea of gina martin adams, that you've got to participate to play. you have to participate to win. you mentioned this earlier. where were we all in february and march to get on board equities looking out six months or a year? jonathan: worri

i get excited about it, from london and new york, this is bloomberg. ♪ jonathan: from london and new is is bloomberg surveillance. we are alongside tom manley said. francine lacqua is off today. down five on the s&p 500. in the last 24 hours, this is the quote from policymakers over the federal reserve. it comes from a fed governor who said the following, premature withdrawal of fiscal support risks allowing recession dynamics to become entrenched, holding back employment and spending. message really forceful . the cynics amongst us may say promptis is not just a for authorities to do more, maybe it's an application for that job in the treasury if biden wins the election. she is reportedly one of the front runners. tom: there isn't a question about that, this is the season where those people jockey. but she is certainly more than qualified and has all the right attributes that you would see in the historic idea of a womanist treasury treasury secretary. but i think it's a statement that we see, and correct me if i'm wrong, cross countless speakers of different political and economic p

from london and new york this morning, good morning.longside tom keene and lisa abramowicz, i'm jonathan ferro. your market 12 minutes out from economic data in america, gdp and claims just around the corner. one hour from that, we will have the market open. somewhere in between, you will hear from christine lagarde, the ecb president. and there it is, tom keene, a ofak of one dollar 17th -- 0.4%.on euro-dollar, down on the equity market, jonathan golub of credit suisse just publishing, "with all of the chatter around the election, it has been giving the market heartburn, not politics. near-term risks are real, but we remain optimistic as we look toward the horizon. many people, i assume, share that view." tom: part of our job on radio and tv is to give you the news as it comes out. many others will publish as well. daniel alpert published moms ago on the american labor economy. this is blistering. "what we need is federal government balance, not bailout, providing not months, but years ." relief that really speaks to the market tension

new york. i agree with you totally. the major theme has been the new regime of lower interest rates, greater negative rates in europe. jonathan: coming up, kathy hochul, new york's lieutenant governor. from londonew york, this is bloomberg. ♪ the first word news, i'm ritika gupta. boris johnson is warning the u.k. to get ready for a no deal brexit. the british prime minister says he is walking away from trade talks with the european union. pm johnson: as far as i can see, they have abandoned the idea of a free-trade deal. that doesn't seem to be any progress coming from brussels. so what we are saying to them is if there is some fundamental change to approach. we are more than happy to talk about the particulate is what i described. ritika: eu leaders called on the u.k. to make the necessary moves to make an agreement possible. president trump and joe biden were on tv last night at the same time, but on different channels. they held competing televised town halls instead of debating as the schedule had originally called for. on nbc, the president said he knew that the coronavirus was a huge danger, but didn't want to scare anyone. it is theden said response ability of the president to lead, and

tom and francine from london and new york. tom, in the last couple minutes we had confirmation there would be much stricter measures on london from saturday. remember the three tearing system we were talking about? currently we are at one, which means it is only six people meeting at the same time indoors and outdoors from saturday. that is over, so restaurants remain open, schools remain open, but two households or two bubbles cannot mix unless at work. tom: i'm speechless. i was just talking to jon ferro, just getting up at the crack of 9:00 a.m. in london, about the uniqueness of it. there are two separate parallel worlds and the united states, where europe and the pandemic is off the radar. clearly in europe it is unraveling. francine: it is. we are all dealing with the same virus, having the same effect on people, but if you look at germany come it is different on how they decide to do with it, compared to macron, with tighter measures. now let's get to the bloomberg first word news with ritika gupta. ritika: the chances o

guy: 2:00 in london where the clocks have already changed, 10:00 in new york. from london i'm guy johnson. my cohost in new york, alix steel. welcome to "bloomberg markets. a tough start to a monday morning. alix: give an extra hour of sleep, so it helps you? guy: in theory, yes. alix: let's get to the markets. risk off date led by germany. dollar outperforming in the g10 space. yields down on the u.s. by three basis points. targeted lockdowns in europe. eight days to the election. guy: a lot going on. the election countdown and investors are faced with the busiest week of earnings thus far. trillionlmost $16 worth of corporate's reporting. we need to figure out exactly what the set up looks like. let's do that with scarlet fu. scarlet: what we have learned so far as we are deepening in an earnings recession with more than a quarter of the s&p 500 having reported. third quarter etf down 18%. third quarter revenue down last, but still up 4% versus last year. we have definitely turned the corner because declines in the top line and bottom line are less bad than it

[laughter] jonathan: from london and new york, this is bloomberg. ♪ ♪ ♪ jonathan: from london and newd morning to you all. this is "bloomberg surveillance ." we are live on bloomberg tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. two hours away from the opening bell this morning, eight does away from wrapping up voting in the election in america. a cap lower overnight. we bounce back a little bit, down 30 on the s&p 500. a week of losses last week. . a few more losses this morning, down 0.9%. risk appetite taking a punch. euro-dollar down to $1.1824. in the bond market, last week a selloff. we add 10 basis points to 18 year yield. this morning, a rally. we come down three points to 0.8128%. first of all, a shout out to kathy jones of charles schwab, who dominated last week's programming. it is the only thing i remember from last week was kathy jones playing the piano on this program. that says more about me than anything else. kathy jones also had this to say on the bond market. >> i think 1% is probably the upper limit to where it can go from here. i think

. >>> and the plan to boost air travel between new york and london without having to quarantine. >>>he confirmation hearing for the supreme court justice nominee amy coney barrett is now just hours away. what she's expected to tell senators, including kamala harris. as the biden/harris campaign faces questions. if elected, would they pack the supreme court? >>> a man shot nine times is speaking out after his ex-wife was arrested, accused of paying a teenager to have him killed. >>> and a new mom who went into labor and gave birth while taking the bar exam. details in the mix on this monday, october 12th. >> announcer: from abc news, this is "world news now." >>> they say nothing stops a woman on a mission and that is proof. wow. just incredible. >> absolutely. >> we'll get to that because we have a jam packed mix for you. we begin with president trump hitting the road again after claiming he is no longer infected with covid-19. >> the election is just three weeks away. today georgia becomes the latest state to open up early voting. >> the president is determined to make up for lost g

jonathan: from new york and london. tom: when you go to your next property? jonathan: in a minute. now if you like. ritika: with the first word news, i am ritika gupta. the presidential format will change in the wake of tuesday's chaotic showdown. the commission that runs the debate will not say what changes will be made, but it says it wants to ensure a more orderly discussion of the issues. joe biden says candidates should be allowed to speak uninterrupted. the trump campaign says the changes are "moving the goal post." the next presidential debate is october 15. joe biden hammered president trump the economy during a train trip across the rust belt. biden was speaking in seven cities through eastern ohio and western pennsylvania. president trump campaigned in minneapolis. the president signed an executive order aimed at expanding domestic production of rare minerals. that may help with minnesota's so-called iron range and would decrease dependence on china. american and united airlines will start laying off thousands of workers the next few days as scheduled. both promised to re

from new york and london, good morning, alongside tom crean -- m keene and lisa aim ramowicz. a mild risk this thursday morning. it lingers just a little bit. yields down a single basis point, 0.81%. ro-dollar 118 it 22 down .30%. tom: point 81% of point 83% of the high yesterday. on nashville in the debate someone with experience, rick davis is a bloomberg contributor and his service to john mccain in the election where mccain took under 57% of the vote in conservative tennessee and we're thrilled rick davis could join us today. the company in line, rick davis is a gentleman from delaware and scranton needs to pick up the kind of tennessee voters that voted for john mccain, they've clearly turned republican. can biden at the margin pick up those voters? rick: it will be tricky in a place like tennessee but it depends on which part of the state. as you know, that state is divided along its horizontal axis and the further you get into the cities and the east, the more moderate voters you have and you go to west tennessee and it's a totally different picture. so i do think that

london infectious disease. with johnse talk hopkins public health professor. we talk about the midwest in the u.s., four days to the election. that interview at 6:30 a.m. in new yorkm. in london. this is bloomberg. ♪ ritika: this is "bloomberg surveillance." shares of twitter are falling today. the company says it added half new users in the third quarter that analysts expected. expected twitter to see gains from digital sports. 16%,-quarter revenue rose beating estimates. the fastest-growing part of google sought youtube revenue growing 32%. sawbucks better-than-expected quarterly results. same-store sales were down 9%, better than it was in the spring when much of the world was on lockdown. that is your latest bloomberg business flash. tom: thank you so much. now onto tech. i do not want to talk fancy products. i'm to talk financial results. disappointment about the uncertainty forward. alex webb is the bloomberg opinion, in charge of our measurement of uncertainty in technology. involvingn employees trillions of dollars of double-digit revenue growth. why the uncertainty forward? alex: i think it is clearly a mixed picture for different companies. , for instanc

from london and new york, this is bloomberg. ♪ jonathan: from london and new york for our audience worldwides bloomberg surveillance live on bloomberg tv and radio. keene and lisa abramowicz, i'm jonathan ferro. equity futures near session highs. advancing about .33%. u.s. retail sales about to drop in the united states of america. on that data, here is michael mckee. michael: just getting the numbers, and it looks like the retail sales numbers for september come in better than forecast, and better than the prior month. back helped out. 1.9% for the overall retail sales numbers. the prior month was up only .6%. utos, up 1.5%, better than the .7% number in august. the control group, which is what economists look at because it tells you what is going into gdp , up 1.4%. significantly that are than the negative .1% number in august. dialing down, looking to see what we got in terms of the biggest changes. obviously, motor vehicles are the biggest change that we got during the month, up 3.6%. big sales of motor vehicles. basedne stations up 1.5% on prices because these are dollar numbers. sporti

from new york and london, good morning to you while.ngside tom keene and lisa abramowicz, i'm jonathan ferro. your price action looks like this this tuesday morning, one hour and 12 minutes away from the opening bell. your outperformance very clear. negative.ightly if you are looking at the bank earnings, city morgan -- citi doing better-than-expected. we will talk about that through the day right here on bloomberg tv and radio. in foreign exchange, euro-dollar, $1.1790. in the treasury, 10 coming down to 0.75%. frankly, it is awful important for the dynamic of the country, looking for an 800,000 plus cpi. the president tweeted this morning, this coming off of his events from yesterday and planned for today as well. among them is something we have hardly touched on in this political season. we need someone expert in policy to do that. is withher krueger cowen. "republicans are going to provide far better health care than the democrats at a far lower cost, and will always protect people with pre-existing conditions." you have been doing

new york. this is bloomberg. ♪ ♪ tom: bloomberg surveillance from london and new york.cqua and tom keene. we are seeing this rebound continued move up in nasdaq futures and even spx futures at negative three. right now we turn our attention to the success of africa. on cases andics deaths in this horrific pandemic are really quite good. clobbered have been by this pandemic on every economic front. ghananance minister of writing in recent days. joining us with the bank of ghana, the governor of their central bank, ernest edison joins us. thank you for joining us. i would guess the education at cambridge and mcgill did not prepare you for the shock of this natural disaster. anecdote of the shock of this pandemic to the economy of ghana and the people of ghana. ernest: thank you very much for that. impact of thehe pandemic surprised everybody to wake up and not be able to go to work because we are afraid -- economy -- that was the real job. gdp andn i look at the the imf assistance to you, the request for aid, it is shocking to see gdp per capita estimated to go down this

today's "gma" first look, the federal government teami up with airlines to reopen flights between new york and london before the holidays. they want to use rapid covid tests to do that. >> reporter: in this morning's "gma" first look, a push to reopen travel between new york and london possibly before the holidays. airline executives tell abc news they're working with federal authorities on creating a so-called air bridge between the two cities where travelers would be tested before flying. >> it will be a great way to open up the borders and begin to open the economies. i can't find one person in d.c. or overseas that opposes it. just getting through the bureaucracy. >> reporter: this as tampa n to co tests to all travelers no matter where they're going. >> we've done about 80 people a day. our peak day was about 140 people. >> reporter: the big question is which tests should we be using? we'll help you understand what's available coming up at 7:00 a.m. with your "gma" first look, i'm geo benitez, abc news news newss >> i don't think that's going to happen. >> nope. >> i'm happy for everyone who get

london. tom keene is in new york. we track the markets as always, but we have had quite an incredible weekend where it was difficult to know the state of the health of the president of the united states. there were many questions about that, but this morning the markets seem to be calming. is question about what the president will do today from the hospital. it is presumed that he may exit. we will see huge election , insures upon the president uproar last night. i cannot convey coast-to-coast the uproar of his road trip taken in the evening here of a perfect east coast autumn day. but i would also focus on the rest of the world, and the news out of paris to me is distressing with the debt is locked down the right word? i don't know, but there are some strict things happening in paris. francine: let's call it restrictions, extra restrictions also happening in london. we have part of new york where we see school closures and restrictions, but this will be something in the next couple of months that we will have to watc

from new york and london, good morning to you all.g up shortly, bob doll of nuveen. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >> people don't like the fact that they don't know what their next 3, 6 months are going to be like. >> there could be a debt, but people want to come in and buy that debt. >> there has to be more fiscal stimulus. the markets are expecting that. >> markets are going to forge the government to act here -- to force the government to act here. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. tom: good morning, everyone. onoomberg surveillance" bloomberg radio, bloomberg television wo

from new york and london, for our audience worldwide, good morning, good morning. this is "bloomberg surveillance ," live on bloomberg tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. 15 days to go until the election. equity futures up 31, 0.9%. mookie betts getting it done for .he l.a. dodgers already can get done for the show -- already getting it done for the show. tom: for those of you worldwide, this is ferro at his worst. [laughter] his cruelest. thering mr. betts into conversation this early, we say good morning on bloomberg radio in boston. the red sox, worst in the american league. and we move on from there. 15 days until the election. schenker earlier, is there going to be a debate thursday night? is that still up in the air? jonathan: we understand there will be a debate thursday night, but who knows? that's the problem for this market. my question coming into this week is basically how much of the medium-term outlook hinges on what happens in the next two weeks. how many of our market participants have come on this program and

from new york and london, alongside tom keene and lisa abramowicz i'm jonathan ferro.tures obsession highs. session highs. a little bit later we talk about poverty, the economic mess in the state of the global economy with david malpass, world bank president. we will do that at about 9:10 eastern on bloomberg tv. tom: very interesting issue to see how those october meetings go. very virtual to say the least. we are monitoring that very carefully. , 219q futures up 1.9% points. right now on what has not moved, alison williams of bloomberg intelligence. she and her team do spectacular work on the banks and the financials. we start tomorrow. they are so far behind. what will earnings season do give you clarity and outlook where people can buy the banks? alison: i think the main question from an earning standpoint revolves around credit, and unfortunately we are not going to get much more clarity there. ofdo have a lingering issue paused buybacks and dividend limitations, and unfortunately we are not going to get an issue except to know the regulators continue to have thes

anna edwards in london, i'm tom keene in new york. this is bloomberg. good morning. ♪ >> i haven't yet seen his comments, but from what i'm hearing from you, it sounds incredibly and posited he is talking about the sovereignty of the united kingdom, and we have always entered these prerequisiteon the , which is only fair and right, that we are treated as a sovereign and that we negotiate as an independent sovereign nation. and i hope that we can agree with greater manchester that we can provide the $60 million that is offered to them. ,e are already at 200 billion wrapping our arms around the ministers the prime quite rightly reminds us. that was nadim so while he speaking to me earlier. one of the things that we talked about was getting a u.k. fromnment response brussels earlier this morning. brussels talking about how the u.k. is a sovereign nation, talking about achieving a balanced compromise. it did sound -- we heard from was thatwhile he -- your thing? >> it would make it easier for boris johnson and his government to sell the deal, whatever the d

from london and new york this morning, coming up next, david page. used to do that in a commercial break, tom, not live on air. but i think people now. [laughter] jonathan: from london and new york, this is "bloomberg surveillance" for our audience worldwide live on bloomberg tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. a little bit of risk aversion to kickoff the trading week. down 34, negative about 1%. losses across the continent as well. dollar stronger, euro weaker. in the bond market, there is the move. the bid is back, down almost four basis points to .068%. , the increase in infections of covid-19 and the additional restrictions we are starting to see from some of the biggest economies on the continent. this is what mohamed el-erian had to say. we will see more and more dispersion going on because in the west we are not doing a great job of living with covid, and covid is the great fun equalizer. the strong get stronger, the we can get weaker. that has been the story for the last nine months. is it going to chang

i'm francine lacqua and london, tom keene in new york.n tracking covid-19 and the extra measures put in place for some of the big cities, the big capitals in europe. not into go further lockdown but just more restrictions, and moments ago, is to hancock, the health secretary in the u.k., saying that london will move into a tier two virus alert level. we do that would be from saturday morning, but interesting to see how they see this moving, putting this in place to stop infections rising. this is also what we know about mr. matt hancock. the prime minster tried to give some clarity on monday and there are three alert levels. 1, 2, 3, high or very high. this gives an indication on what you can do and cannot do. no decisions have been made on the regions that are in second jeer at the moment. unclear whether they will go -- second tier at the moment. unclear whether they will go into third tier. let's go straight to dr. william moss, don tompkins bloomberg school of public health -- johns hopkins bloomberg school of public health. dr. moss,

from london and new york this morning, good morning.lly important conversation coming up with janet yellen, the former fed reserve chairwoman. that is coming up shortly on bloomberg. ♪ - i sent your new prescription to the pharmacy. - any idea how much it will cost? - you have a choice. insurance or goodrx. - i have insurance. - insurance is not what it used to be. people struggle to get their prescription covered and prices keep rising. i recommend goodrx. you get free coupons to save on your prescriptions. - [narrator] compare prices to get the best discounts. - goodrx, smart. - [narrator] stop paying too much for your prescriptions. download the free app today. jonathan: from new york and london for our audience worldwide, good morning, good morning. live on bloomberg tv and radio this is "bloomberg surveillance." alongside tom keene and lisa abramowicz i'm jonathan ferro. price action on the equity market come up 26, we advance .75%. adding a little weight to the s&p 500 after three weeks of gains. in the bond market, more happy tal

it has really hijacked the news flow in the last 24 hours, drawing attention from an election that ramps up in five days' time. from london and new yorkis is bloomberg. ♪ ♪ jonathan: busy thursday morning. good morning to you all. alongside tom keene and lisa abramowicz, i'm jonathan ferro. two hours away from the opening bell in new york city, let's get you up to speed on the price action. we have a bounce. it fades as we get deeper into the morning, up 11 on the s&p. we advanced 0.3%. euro weaker, dollar coming back again. euro-dollar, $1.1711. your 10 year yield, 0.776%. that is the story of the market. the story of the last 24 hours, more restrictions in europe. no stimulus from the united states until at least after the election. this was the take from bill dudley, former new york fed bank president. >> the fiscal stimulus was so great that it actually boosted household savings, and the reopening we saw in the economy, and september also provides support to the economy. i think that is really what the stock market is reacting to. jonathan: that is certainly what the stock market is reacting to. mr. dudley added to that, the real

from new york and london this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. your equity market slowly recovering, with the emphasis on slowly, after a brutal week for the equity market longs. this is bloomberg. . with the first word news, i'm ritika gupta. house speaker nancy pelosi and treasury secretary steven mnuchin playing the blame game. each blames the other for the lack of coronavirus relief l. mnuchin accused pelosi of holding up a bill by refusing to offer compromises. policy says the white house -- says thee -- pelosi white house isn't responding to a number of suggestions. floridan says if goes blue, "it is over." germany's chancellor angela merkel says the european union should have acted sooner to control the coronavirus pandemic. merkel told eu leaders that political realities stopped them from imposing restrictions earlier. a flareup in infections in europe has forced fresh lockdowns. british prime minister boris johnson's government is sticking with his local plan to tackle coronavi

news there off a morning of discussions. israel, nancy in pelosi in washington, stimulus in the air. stay with us. and edwards in london, i'm tom keene in new york. this is bloomberg. i'mnna edwards in london, tom keene in new york. this is bloomberg. ♪ tom: lumber surveillance. good morning, everyone. it is history being made. this is something the president of the united states really, really, really wants to talk about thursday in nashville. the treasury secretary of the united states of america was mr. netanyahu, and of course the greetings of the foreign minister of the united arab emirates. son of the uae founder, and that is an important issue here. this is sheik abdullah bends i.e. -- ben sayyid. mr. trump would certainly like to say this is with his leadership. anna edwards, much has been talked about with supportive mr. trump, that he deserved consideration for the nobel peace prize over this matter. but it is without question a historic moment. from to buy the emirates airline, with -- excuse me, eddie out there. these are the two at lines. emirates is the other. let us watch for a moment. the symbolism to say the least of an historic

from london and new york, good morning to you all.longside tom keene and lisa abramowicz, i'm jonathan ferro. your price action shaping up as follows. equity futures on the s&p 500 bounceback, up 0.1%. in foreign-exchange, eurodollar almost $1.18. we approach that level at about $1.1796. stronger euro, slightly weaker dollar on the currency pair. on the 10 year, we approach 80 basis points. chairman powell very much and focus. data so far ok this week. had a pause three or four hours ago, and we have really recovered nicely again. up, 23.84.the vix what we try to do is avoid the punditry and talk to people with skill sets of our politics, of our economy, and of the nation as well. edward mills is the washington policy analyst at raymond james. that doesn't describe his service to the nation as staff for the house financial services committee and working with a congresswoman for new york city over the years. the punditry is being buffeted around by the virus, by the president, by the debate performance and all the rest. do you discern

tom keene in new york, francine lacqua in london. 's ordinary news flow, not only to battles of brexit between the united kingdom and the e.u., but the shock four or five hours ago, the president and the first lady announcing that they have the advisor -- they have the virus. completely encompassing all the other news flow. they are resting comfortably at the white house. part of this is the american labor economy, the challenges we see in weekly claims and of course the jobs day. randall kroszner joins us now from chicago booth school. he is wonderful on our financial economics, and that of course means the dynamics of the american system. they kroszner, what is elasticity of our labor economy now? it seems like corporations are finding it very easy to jettison employees. what does that signal about the path forward? randall: certainly we saw this enormous initial spike in the unemployment rate, and then with 22 million jobs being shed within the first couple of months. we have gotten back about halfway, about 11 million or 12 millio

a likely coronavirus surge as the weather gets colder, plus why americans traveling between new york and londonpect a shorter quarantine period by the winter holiday season. so through ancestry, i discovered my great aunt ruth signed up as a nursing cadet for world war ii. she was only 17. bring your family history to life like never before. get started for free at ancestry.com arthel: bottom of the hour, time for some fox news headlines. demonstrators began -- demonstrations began after the news of a black officer would not face charges in the february police shooting death of black teen happening at local mall. chris christie leaving hospital a week after checking in following his positive covid-19 test. and south carolina senator lindsey graham refusing to take a coronavirus test before a debate with his democratic challenger yesterday. organizers then changed the debate format to back to back interviews. eric. eric: and wish governor christie well, good that he's out of the hospital. even though coronavirus cases in the country have hit a two-month high, reopen travel between new york and l

atlanta, dallas, new york, london and hong kong are offering the service. he cheapest day pass in new york this morning is going for $90. a survey reports those working a hotel room say that it helps break down monotony and helps the feeling of being trapped in a small apartment. >> okay. i understand that. yeah. >> ly take hong kong and london. >>> let's check traffic. hey there. >> can you take me with you? i will go take a little break. taking a look at the roadways. if you are going out the door. we are starting to see more cars doing the same thing. we have a few brake lights on 880 through fremont. things getting slow on that southbound side. keep that in mind as you hit the roadways. no specific accidents there but just things getting more crowded in that area. the rest of 880 problem free. we had a trouble spot near high street. that's been cleared and you are looking live and traffic is moving nicely in both directions with no delays. san mateo bridge westbound starting to get a bitl busier. westbound toward 101. we are seeing about a 15 minute driv

london andncine from new york.ng its pay structures so that senior employees will not be poached. let's get straight to our bloomberg wall street correspondent. this is according to people familiar with the story. ford it be a new template pay compensation that a lot of european banks will follow? >> it sure can. one reason why is it creates less uncertainty for their banks when it comes to their investors. it creates a lot less uncertainty for the employees at a very uncertain time. and when you look at the u.s., there are already rules around bonuses versus fixed pay, and that has been a very big draw to employees and other areas of the world. like in the u.s., where the u.s. really likes the certainty where they know the -- what they will get at the end of the day. francine: how does that prevent poaching? basically deferred compensation that incentivizes bankers not leaving the company? sonali: if they bring the base pay high enough to get employees to the level they will be comfortable living at for however lo

london. tom keene is in new york. i have to say there is a bit of news going on in europe with brexit talks and in spain, but really all eyes are riveted on politics in the u.s. and what president trump will do next. tom: i said in our morning meeting today, let's not forget europe. remind me -- spain is coming out with new plans off the pandemic, right? francine: we heard from boris johnson yesterday, and we will hear about economic plans over the longer-term. spain is working on a six year plan to kickstart the economy. so there could be something in terms of maybe transitioning as well. we are inspecting the news at any moment, but i think a lot of the markets will depend on what happened in the u.s. tom: we are working on the six hour plan. knows what will happen in the next six hours. we have to get to the debate tonight in salt lake city, utah. kevin cirilli is up for the debate. you are right for the opening, this is a big deal. francine: i don't think a vice presidential debate has been more important. let's g

among the cities offering the service are atlanta, dallas, new york, london and hong kong.hat they really mean is working by the pool. >> yeah. >> i just wanted to make sure we're on the same page. i have some friends working right now in palm springs. >> oh. >> working really hard. >> mm-hmm. >> working on their tan, working on their -- >> i wish we could do that. >> working on their gym. >> i mean, once again, you don't know where i am right now. jobina, i can't say for 100% sure. mike, it sure looks like his basement. is it? >> i travel with this tv. >> and the plant? >> yeah. >> and the plant. the big old plant. >> i know the tricks. >> i pushed on that, it would start to wrinkle. that's just a facade. just a screen. a sheet. all right. let's talk about what's going on. i do have some good news. here's a look from sutro tower, it's 56. it will be a nice day to be out there with calmer conditions, sunshine, warmer than average temperatures, but not too warm to get uncomfortable. clear and just as cool tonight with a few clouds trying to get near the coast with the marine

from new york and london, for our audience worldwide, good morning. this is "bloomberg surveillance ," live on bloomberg tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. 0.7% this monday morning. the president of the united states recuperating. tom: nine tweets in the last 39 minutes. soare still at nine tweets, i guess that is one sense of his activity. all of the effort back and forth over the weekend. i would really focus on the immediacy of the calendar forward. we've got the vice presidential debate on wednesday. 10 days out to a presidential debate, i believe still scheduled. jonathan: so far. tom: and in 29 days, the election. i think those are the numbers that get everyone's attention this morning. the national polling not looking good for the president of the united states. on twitter right now, that is the campaign for the president right now, knowing what these polls look like at the moment. tom: around 10:00 -- make it around 10, we've got a new tweet. "91% approval rating. vote!" these are short bursts of tweets

from london and new york this morning, good morning.side tom keene and lisa abramowicz, i'm jonathan ferro. your price action shaping up as follows this wednesday morning. futures go nowhere. $1.1755.ar, i know i just pulled you in a little bit, lisa. dr. you excited, and then nothing -- got you excited, and then nothing. the question of the morning, does tom keene get the iphone 12? that is the only question that matters. is he a buyer or a keeper of what he's already got? tom: i'm not there yet because this has a great battery. what i have to say, and i covered this this morning is the a 14 chip is just stunning. the improvement in the underlying engineering of the toy, and you will see from that, that is my take on that. alex webb having his perspective from london earlier this morning. right now on the reality, which is if you are a shareholder of morgan stanley and goldman sachs, guess what? it has been a lousy 10 years. compared to a lot of other things out there, it hasn't happened. goldman sachs, totally on acceptable, under 4%

from london and new york, let's get to the price action this wednesday.ity futures lower, around about three hours ago we add to that. we are down about 47 on the s&p 500, off by 1.38%. europe is where the pain is. $1.1739, down 0.5%. in the bond market, 76 basis points is your yield on the 10 year, down around about a basis point. you mentioned crude. in 4.6% on coming the day. tom: brent crude, $39.62. dollar-yen out to new strength. this is really critical to see how yen dynamic moves. 4.16 --t now at one of at 104.16. kevin cirilli now. boom, it is don farrow -- it is jon ferro. on fire at axios this morning. they have a single line in the report looking at the stunning mathematics right now of an idea unimaginable, which is we don't get more conservative as we age. some of the nation is screaming a new liberality as they age. do you see any indication of that? a great think it is unknown. i think the older you get, i don't know. i guess i will have to live it in real time hopefully. but i think it is difficult to point that out. i can tell you that b

from london and new york this morning, good morning.longside tom keene and lisa abramowicz, i'm jonathan ferro. one hour and 12 minutes away from the cash open. the opening bell just around the corner new york. s&p 500 futures up around 11, 0 .3%. if you get to an intraday chart of the s&p 500, we just rolled over in the last 15 minutes or so on that headline from the wall street journal. "the justice department will file an antitrust lawsuit tuesday alleging that google engaged in anti-competitive the searcharding forms a large portion of its product." still positive on the session. tom: i agree with a little bit of a move. up 12, dow futures up 91. there is any number of ways to go with isaac boltansky at compass point. i want to focus on something that is in every interview, which is the outcome of a blue president, but i continued red senate. what will gridlock look like under a biden presidency? isaac: i think there are two main points to make. one is it would be far more difficult for president biden in that scenario to actually g

from new york and london for our audience worldwide, good morning. this is "bloomberg surveillance ," live on bloomberg tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. the attention of the world on the united states of america and washington, d.c. tom: good morning on bloomberg radio. what we are seeing is a foggy in placen, and the fog on fiscal stimulus. it has crept up on us after the dueling debates of last week, but there it is on thursday in nashville, with a mute button. it will be interesting. jonathan: we know this campaign is unhappy, not with the mute button, but with the topics. they want this debate to be about foreign policy. i imagine the president wants that to be about foreign policy, and he will do his best to make it just about that. tom: he will do that. you wonder if it will be the uproar over the bidens in the out york post" article front of our giuliani interview the other day, but help me here, lisa. this is really important. does foreign policy matter in a presidential election? i am not sure it doe

from london and new york, good morning.omberg. ♪ >> the failure of both monetary and fiscal policy is that the money isn't in getting to the right people. >> i think we will be stunned by the degree of earnings upgrades. >> monetary policy looks like it is on hold for a long period of time. >> we've never had these kinds of numbers before. we've never had these trajectories. >> it all comes back to the fed. the fed is very concerned about the outlook, whether it is l- shaped or u-shaped. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. tom: good morning, everyone. what i day

from london and new york, this is bloomberg. with the first word news, i am ritika gupta. a big win for president trump and congressional republicans in the final week of the election campaign. the senate confirmed amy coney barrett to be the newest justice on the supreme court. 6-3 solidifies a conservative majority. barrett may be asked to weigh in on cases that could determine the outcome of a close election. lillyical trial of an eli experimental antibody therapy will not resume. federal researchers concluded the drug will probably not help hospitalized coronavirus patients with advanced cases. other trials are ongoing to see if the drug helps. the trump administration has taken another step certain to make china angry. the state department has signaled its approval for a potential water million dollar sales of anti-ship missiles to taiwan. beijing imposed unspecified sanctions on boeings defense unit, lockheed martin, and raytheon because of a previously announced arm sale to taiwan. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more tha

i am anna edwards in london, with tom keene in new york.has posted strong trading revenues. that helps offset headwinds in the consumer business. shares surging this morning. i spoke with ceo jes staley earlier today about the risks in the u.k. market. jes: the challenge for all the banks, particularly in the u.k., ra zero or close to zero interest rate environment. it is tough for a bank that relies on balance sheet assets and liabilities. yourng money out of checking account, etc., as a gesture to make sure we are helping our customers in this time of need, and the first six year, we have waived over 100 million pounds of overdraft charges and banking fees. we are being conservative in terms of trying to make sure our customers don't get into financial distress given what is going on in the market. on the others out of that actually is the margin market come up -- the mortgage market, which is surprisingly robust. our market has grown a lot in the third quarter. interest lending in mortgages has gone up. it is one of the real encouraging

in london, 10:00 a.m. in new york. from london, i'm guy johnson. my cohost in new york, alix steel. welcome to "bloomberg markets." turnaroundlabeled it tuesday because we are in the green. s&p up by 0.1%. a weaker dollar, a light bid into the treasury market. 2-year note's coming on later. the vix calms down. we are not getting that huge rebound you would expect to that worst fall we have seen for the s&p in about seven weeks. the trade continues to fade just a bit. we are looking to see how long we can sustain everything until we need that stimulus in the u.s. guy: conference board consumer data out now, coming in light. it is not the present. it is the future causing consternation. let's break it down with mike mckee. is a it is -- michael: it little bit odd. on the headline, 100.9 is lower than it was in the month of august -- or september, rather, when it was 101.8. you would expect that maybe the present situation would be causing people concern because of the coming closures of some businesses as covid cases spike but the number comes in at 98.9 -- at up from 104.6, up from 9

london. tom keene is in new york. there is no story in town other than the fact that the president has tested positive. i think we start from the very beginning, either the president makes a quick recovery and we look at the polls and whether that impacts the election outcome, or he doesn't and that brings us into the fog and what could happen. ," the fog of the medical statistics, one thing we know is that we are much smarter than we were in march or february of last year, and those are strict test -- those are stressing statistics. trust me, i got a lecture this morning on my way into work about these risks of age and weight, and the number one message i have worldwide is not what you or i think or what all the good people of journalism -- it is what the medical people think, and they are one week out. they are one week out, and then they are in search of pneumonia. the linkage of bacterial illness with this virus is what the pros are worried about. wish everyone a speedy recovery, but that is a timely reminder. we

from new york and london this morning, good morning.ngside tom keene and lisa abramowicz, i'm jonathan ferro. looking at the market this morning, we bounce back a little bit on the s&p 500, up 13. as the session grows older, things improve a little bit more , up 0.4%. lower,fx market, a euro a $1.17 handle. upthe last hour, we pick again, $1.1817. 10 basis points higher on the 10 year yield, and then we come back down again yesterday. yields unchanged on the session. tom: i thought it was really non-correlated. 4:00 a phone call around p.m. after the "surveillance" nap, and really saw an uncorrelated market. i saw equities pullback, and that was about it. what we are doing with kevin cirilli is a lot on the immediate politics, with the video we just saw of justice barrett. i thought i would wander through the ages here. 55, 65, 66, 60, and then we get to clarence thomas, 72, and justice breyer, 82 years old. is there any assumption here that a biden presidency brings the court back towards neutrality? or do you put some weight in this r

in new york, for copy monday get london -- 4:00 p.m. in london. loomberg." ♪ appleann: of iphones are winning praise for its lower prices and new sizes. the company showed off four versions of the iphone 12 at a virtual event. the price begins at $699. the topper version has apple's biggest screen yet, 6.7 inches. wall street expects the iphone 12 to kick off a new cycle of sales growth for apple. cutseon has started job for salaried workers at its woody jet engine unit. there preparing for a long slump in sales and repair work. the cuts are part of raytheon's plan to get rid of 15,000 jobs in its commercial aerospace business, including pratt and supplier collins aerospace. bloomberg has learned that china plans to increase its stake in universal music by another 10%. last year it let a consortium that bought a 10% of the world's largest music company from france. the deal included an option to double the size of the stake by next january. that is your bloomberg business flash. francine: thank you. climate change, global economic recovery. that is