ed: joe, we really appreciate having you on bloomberg technology. joined by macon choice and kirsten green for more on that conversation, coming up next. this is bloomberg technology. ♪ caroline: the joy of attack-assistant. siri, alexa. with recent ai advancements, we haven't ai personal assistant. they phrased 25 million on thursday. megan, it's great to have you. i start with you, we've been talking about personal assistance, like copilot they are being run and build on openai underlying traditional models. what makes tears different? megan: what makes duckbilled unique is be combined two things, the best of humans to add nuance to your tasks nai tooling that allows efficiency and the scale of the underlying legwork. the personal assistance are put to task and they use custom ai tooling with large language models and our own fine tuning to fulfill tasks. but that allows us to do is tackle the long to do list, where ai comes against limits a human gets online. caroline: you have made the name back in companies that blew out because of the consumer

this is real yield on bloomberg. this is real yield on bloomberg. fabulous surroundings... but everyone's looking at their phones for financial insights from merrill. is he hailing a ride to the concert hall? no. he's making sure his portfolio and retirement plans work in harmony. they want to adopt a child and build a new home. so they're talking numbers with their merrill adviser. she's not researching her next role. she's learning how to handle market ups and downs without the drama. personalized advice so impressive your money never stops working for you with merrill. a bank of america company. explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. katie: i'm katie greifeld this is bloomberg real yield. it's time for the auction block. after a chilly start of the week action picked up on a high-grade sales with weekly volume more than $18 billion. september hit 124 billion dollars. citibank pushing numbers higher this week with a $5 billion sale of

on in europe. this is bloomberg markets: european close with guy johnson and alix steel. m the european close, checking in on the markets on a broadly positive day in terms of recent equity sentiment across the european

time on bloomberg television. eck on the markets, you are starting to see commodities in the green. there is concern about what those lng strikes in australia would have a readthrough. plus it is ecb day. a lot of green on the screen, all subject to -- stay with us, this is bloomberg. ♪

this is real yield on bloomberg. ♪ katie: this is bloomberg real yield. ahead coming up. we'll have a slew of economic data ranging from durable goods to pce to home sales to personal spending. we will also hear from central leaders such as jay powell and christine lagarde. let's talk about the estimates for pce. if the fed preferred measure of inflation. you are expected to see core pce drop as headline continues to heat up. that mirrors what we saw in cpi expected see the same thing with pce. the diversions we see between headline and core pce maybe it will row if we continue to see energy prices continue to climb. what that means for the federal reserve, we will see. from new york, that does it for us. this was bloomberg real yield and this is bloomberg. ♪ the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com you're probably no

coming up on bloomberg technology. keep on trucking. e -- the founders of the self-driving unit of volkswagen started their own startup. this is bloomberg technology. ♪ - [mo] if you're thinking about going back to school, this is for you. ♪ - i ended up spending less money my entire time at snhu than i did in just one year at my other university. - [juan] my time at snhu has given me more confidence. now i can go for that promotion. - if you're ready to go back to school... you can do it. southern new hampshire university has changed my life. and it can change yours too. ♪ - [announcer] visit snhu.edu. somebody would ask her something and she would just walk right past them. she didn't know they were talking to her. i just could not hear. i was hesitant to get the hearing aids because of my short hair. but nobody even sees them. our nearly invisible hearing aids are just one reason we've been the brand leader for over 75 years. when i finally could hear for the first time, i started crying. i could hear everything. call 1-800-miracle an

this is really yield on bloomberg. ♪ wake up, achievers. making the most of every hour of your life. except the hours that you're sleeping. so why do we leave so much untapped potential on the table? this is a next level bed, for a next level you. my circadian rhythm is kicking your circadian rhythms butt! it's not a competition. i know, but i'm still winning! so, it is a competition. save 50% on the sleep number limited edition smart bed. plus, free home delivery when you add a base. shop now only at sleep number. (sirens) [due at target in 5!] copy that. make a hard left down the alley. network's got you covered. [please confirm requesting back-up.] -changing route. -go. roadblock ahead. ...back up, back up... reverse! reverse! next level moments, we're 30 seconds out. need the next level network. [north corridor, hurry!] -coming through! -or 3, let's go. the network more businesses choose. transplant received. at&t business. katie: this is bloomberg real yield. time for the final spread, the week ahead with markets closing on monday for l

on hand to do that story. we will be back in a moment. this is bloombergces are down sharp leave. the strike in australia is on hold until friday. we get reprieved there. the energy and power conference is underway here in new york. the industry is in focus with oil around $90 and gas picking up. joining us is allingham arms -- alan armstrong. it is great to see you. alan: thank you for having me today. alix: what is your outlook we talk about a recession whether we will get there are not what is your outlook on the economy based on the flow in the pipeline? alan: we see a pickup in current demand, we have five days this year over power generation. a 6% growth from last year's which was also a big year for power generation. -- last years peak which was also a big year for power generation. you may think well, it has been so hot, of course. this part of a country, as you know, boring this week has not been all that hot. a lot of the populated part of the country has not been that hot. really extraordinary natural gas coming from power generation right now.

on inflation. barclays forecasting further moden io the year-end. this is bloombergs deserves a great deal. that's why comcast business is launching the mobile made free event. with our business internet, new and existing customers can get one year of unlimited mobile for free. it's our best internet. powered by the next generation 10g network and with 99.9% reliability. plus one line of free mobile for an entire year. it's the mobile made free event-happening now. get started for just $39 a month. plus, ask how to get one free line of unlimited mobile. comcast business, powering possibilities.

you can catch it all on bloomberg tv. we are going to talk about the state of crypto regulation ahead of gensler's appearance. this is bloomberg technology. ♪ ed: sec chair gary gensler appearing before the house financial services committee tomorrow to testify against regulation to the crypto area. sonali: the reality of the situation is the sec has a lot on its agenda and crypto being a part of it. lawmakers facing a potential government shutdown. a lot going on. how do you win the attention over for the needs in the crypto industry when there are so many directions? >> thank you for having me. it is a pivotal toll -- pivotal moment. we are bringing the faces and voices and americans who own and care about crypto coming to washington for the first ever stand the crypto day tomorrow. we have 50 companies representing thousands and thousands of jobs across the united states and they are coming to meet with their members of congress to talk about why they care about crypto policy and that is historic and it just so happens

big show, recap it on our podcast wherever you find your podcast on the bloomberg terminal but we aree, spotify, and iheart as well. from san francisco, and new york city, this is "bloomberg technology." ♪ every business deserves a great deal. that's why comcast business is launching the mobile made free event. with our business internet, new and existing customers can get one year of unlimited mobile for free. it's our best internet. powered by the next generation 10g network and with 99.9% reliability. plus one line of free mobile for an entire year. it's the mobile made free event-happening now. get started for just $39 a month. plus, ask how to get one free line of unlimited mobile. comcast business, powering possibilities. matt: welcome to "bloomberg markets". let's kick it off with a check on where markets are trading. we have a risk on session for stocks. the s&p 500 up .3%, 44.7 five. the level we are looking at right now. that is despite the fact we saw inflation in in the core take up month over month. it was down year-over-year. i will show you the deep dive in a moment. ou

in 20 minutes right here on bloomberg, blue owl co ceo will be joining us at 1:40 new york. still ahead, the final spread, the week ahead, key inflation data. this is "real yield." ♪ katie: i am katie greifeld. this is "real yield." time for the final spread. coming up my is apple's iphone 15 launch event and we will get the cpi on wednesday and decision from the european central bank on thursday. friday brings university of michigan sentiment and then chinese economic data but it is probably those u.s. inflation figures that are the ones to watch. if you look at what we are expecting, you can see that both on year-over-year and month over month, a big uptick. not the case if you look at those core figures year over year and month over month expected to hold steady. whether this is a game changer for the fed when they meet the following week remains to be seen but from new york that does it for us. same time, same place next week. this was bloomberg "real yield." this is bloomberg. ♪ so, you've got the power of xfinity at home. now take it outside with xfinity mobile. like s

thank you so much for joining us on bloomberg tv. something in the air with this government that they are trying to change the way italian capitalism is made. i don't know if this is bad news for investors or are we in a wait and see mode? mario: investors all over the world, there is a likelihood they are concerned. -- to put it immediately on the line of the international markets, our allies in the u.s.. all that ranges from standing on your crane to discipline, mature discussion. which was previously viewed in a skepticism way. this is a phrase in the markets concerning italy. notice time to look at the financial budget for next year. it almost immediately comes up, the obvious. stick to budgetary figures, the other thing is to deliver them. since very little has been done in terms of eradicating the thousands of big public expenditures, now it is difficult to reconcile. francine: are you worried it will send the wrong message to investors or is this a clever way of giving something back without upsetting the norm? mario: this is

dani: thank you very much and you can catch ed and caroline high on bloomberg technology in about 90 s. coming up, the had fudged -- the hedge fund manager shorting the housing market will talk about what he's betting on now. that's on bloomberg. ♪ alix: markets going nowhere. are you getting paid enough to take risks? and where? liber max, he made his name by shorting mortgage-backed securities. he says he is the most excited he's been since 2014. what are you most excited about? guest: short duration, given the way the yield curve is inverted. short duration credit we find attractive. alix: give me the framework for how you think about it in terms of inflation and growth and when the economy will get hit. greg: there are opportunities for a reasonably resilient portfolio with low double digits. will there be this soft landing which will enable the fed to lower gently? then, there is the hard landing and soon. third, the resiliency of consumer spending is we have no landing on the fed continues to raise. the first scenario is least likely. we tried to create portfolios resilient to a

ed ludlow will be on bloomberg tech.ing up, we will continue the payroll conversation on bloomberg. ♪ textures and styles. it's possible. with james hardie™. so, you've got the power of xfinity at home. now take it outside with xfinity mobile. it's possible. like speed? it's the fastest mobile service around. with the best price for two lines of unlimited. only $30 bucks a line per month. that's hundreds in savings a year when you wave bye to the other guys. all on the most reliable 5g network nationwide. you really shouldn't walk out the front door without it. switch today at xfinitymobile.com. bloomberg, your global business authority. it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. alix: one hour into the trading session. stocks wanting a nice rally. volume is pretty good. >> it is kind of surprising. aren't we all leaving for

on all of your bloomberg platforms, from san francisco, this is bloomberg technology. ♪ - [mo] if you'rek to school, this is for you. ♪ - i ended up spending less money my entire time at snhu than i did in just one year at my other university. - [juan] my time at snhu has given me more confidence. now i can go for that promotion. - if you're ready to go back to school... you can do it. southern new hampshire university has changed my life. and it can change yours too. ♪ it's an amazing thing - [announcer] visit snhu.edu. when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. sonali: welcome to etf iq, i'm sonali basak in per katie greifeld. matt: i'm matt miller. a lot going on. sonali: plenty of risk off, and not everywhere. where people are taking on risks today. matt: let's look at the more than $10 trillion level etf industry. will speak with the global cohead of ishares fixed

the biggest contributors on the bloomberg dollar index, even the swissie. now paring back some of that earlier weakness. it is something we will keep a lot of our eyes on at the moment. we are getting breaking news. they are talking about revisiting some of their strategy. right now they are trading at their lowest price, lagging all of their computer -- their european competitors right now. now they're talking about what that strategy looks like. they are phasing in their cet1 ratio by 30% from the end of 2025 in the 2600 basil four program. we are going to keep you apprised of all of those developments. we can dive into what this all actually means right now. let's get to our stories from all around the world. i want to start with you. the market story will be the crucial driver. specifically when we talk about the federal reserve. let's start there. they came in with some analysis as we can saying that the legs are not priced into the economy. we will still see a lot of that. to me that his front of mind. what is front of mind for you? >> how far they shi

this is bloomberg. --, on daybreak australia this is bloomberg. ♪ traders in the $354 billion industrying markets trading funds are shifting cash away from china. they withdrew more than $2 billion in august from the ishares emerging markets etf which allocates a third of its capital into china. and etf investing in emerging markets outside of china wrapped and 11 -- an 11th straight month of inflows. let's talk with carmina wilson. where are the traders sit -- shifting money to. >> we see them reemerge in a few different places after being rejected. em xc has been a popular one, talking about market exposure, pulling out of china. it will boost exposure to other countries or regions that have more bullish growth stories, like india, they will have it to expect -- percent exposure to india, and that fund you mentioned will have a 17% exposure. more on india, and more on latin america stories that have been popular like brazil and mexico. mexico has one of the best-performing stock indexes this year, part of that thanks to the surety trend, thanks to the country embarking on its easing

we will give you all the live updates as we get them, right here on bloomberg television. those are just some of the top stories you can get a full round of of what you need to know to get your day going on today's edition of the debris terminal, type in dayb under bloomberg terminal. you are going to get a slew of new stories, some of that is going to be oil, some of the updates on that sec whatsapp settlement and of course what j.p. morgan is blaming for the selloff you are seeing in u.s. equities. definitely something to turning -- tune into. coming up ron desantis valves a hard power approach to china. we are going to get more on last night's republican debate ahead of the u.s. presidential election next year. stick with us, this is bloomberg . ♪ >> welcome back to daybreak europe, let's turn to u.s. politics and last night's republican debate. ron desantis did invoke former president ronald reagan's name. a move that is often seen as a way to win gop votes all as he pledged to take a hard power approach to china. take a listen to what he had to say. >> we need a t

remain silent matt: for those not steeped in the separatist movement, there is a great primer on the bloombergnal. you can read that there's been violence on both sides. they attacked one of the sikhs holiest places and they ascend -- assassinated in dear -- endura gandhi and bluebay present -- a passenger highline. is it likely we will see a separate seek state? >> far from it, i grew up in india in the 70's and 80's and the movement was at its height. there was a lot of energy and momentum behind this movement c foralistag which is the notion of a separate seek homeland. it does not enjoy it majority support from the sikh community, never mind the larger community. there was a lot of violence particularly during the 1980's which sort of got a response from the indian state and a response back with the assassination of indira gandhi. for india, a lot of these separatists are terrorists were are supporting terrorism. the reality is that the movement no longer has the kind of energy it once did. it is far more active in far pockets of the sikh populations in canada and the u.k. than it is in th

bloomberg markets. matt: let's get a quick check on what is going on in markets. a little bit of a reversal in terms of equity indexes. the s&p 500 is in the green, 1/10 of 1%. the 10-year yield is rising and we are looking at 4.5191. it is the highest level that we have seen since 2007 on 10 year treasuries, the dollar index showing real strength. the bloomberg dollar index at 1262. nymex crude coming down. maybe that has something to do with the turnaround in equities. u.s. equities are weighed heavily upon -- nymex crude is hanging under $90 a barrel. jon: going under the hood to individual movers, i want to start with tech names getting attention and first of all with the end in sight for the hollywood writers strike. netflix shares are higher and amazon has all the weight -- a hollywood connection. we will watch it. as we have been covering all day and on bloomberg technology, that made her investment in -- pushing push into the ai sector by amazon which could feed into amazon web services. we are watching names tied to corporate news and analyst news. in the

amber: bloomberg's bailey lipshultz, thank you for that perspective on gamestop.g gears, today we learned german inflation plunged to its lowest level in two years but price pressures in the region not only remain elevated but are accelerating in some countries. this is affecting all kinds of future decisions and it is something that european budget and commissioners are thinking about. he is in canada on his first trade mission, johannes hahn joins us from ottawa. thank you for being with us. we are talking about all kinds of cross currents, rising rates. you are in charge of administering this budget for the e.u. how much has this complicated the picture for you? johannes: these are challenges we have to face. we try to react to this. when this commission came into office, the transition was one of our top priorities. the war in ukraine has given a push and we have committed ourselves. the european commission to spend at least 1/3 of the budget for the green transition in order to make us less dependent, having a better diversification of energy sources. that ha

one place. i built this. and it was easy with godaddy. i am doing this. with a partner that puts you first. start for free at godaddy.com/sell ♪ >> welcome back to bloombergatt miller. let's start with a quick check of where the markets are trading. we are off session highs but it is still risk on. the s&p 500 up .7%. we see yields continuing to move higher. i believe we hit 467. right now at 4.6138. it is the highest we have seen yields since before the great financial crisis. looking at the bloomberg dollar index, it is still at the strongest level this year at 1266.67.

new york time today right here on bloomberg television. ll focus on the value investing strategy by hedge funds this year and the rising rate environment. that's next, this is bloomberg. ♪ jon: this is bloomberg markets. aqr capital is seeing losses across the investing sector and its return fund rose more than 4% in august in the year to date gain is at 9% after record-setting performance of nearly 44% last year. sonali has been crunching the numbers. value was a big story last year. growth was not hot and for those who came into this year expecting more value size returns, it hasn't played out as some would have thought and what is it about a qr that is working this year? sonali: there are a few interesting dynamics. not only did value do well last year but strategies and trend following were among the best performers in the hedge fund universe. this year, they are down more than 2% while almost every strategy in the hedge fund universe is maybe trailing the market but also up more largely. usually when you look at the investing universe

it's available on the bloomberg anywhere app. u care about. this is bloomberg. ♪ fabulous surroundings... but everyone's looking at their phones for financial insights from merrill. is he hailing a ride to the concert hall? no. he's making sure his portfolio and retirement plans work in harmony. they want to adopt a child and build a new home. so they're talking numbers with their merrill adviser. she's not researching her next role. she's learning how to handle market ups and downs without the drama. personalized advice so impressive your money never stops working for you with merrill. a bank of america company. 76% of 23andme health customers surveyed reported taking healthier working foactions.th merrill. because they know health isn't just a future state. health happens now. start your dna-powered health journey today with personalized insights from 23andme. >> struggling chinese developer country garden has avoided a first default with a last-minute payment onto dollar bonds. bloomberg intelligence says it may still struggle

you will love that we had to say on bloomberg news on this story it dropped $.50 on the dollar in yesterday's for anybody who picked up that long bond for yields. tom: mario looking at me? lisa: there is a lot of pain to get here. president biden will add to this there is the address of the u.s. assembly this morning. i'm curious to see what he has to say about china, global cooperation, and the relevance of the human at this point. whether there is -- at the you un this morning. they look at yields going back to the highest since 2011. i'm focused on this afternoon where janet yellen will be speaking. there will also be ursula von der leyen and noel quinn of hsbc ceo. tom: i heard from max as well. jonathan: i want to talk about ev. is the transition about climate or industrial policy. and european and u.s. manufacturers, are they open to this? lisa: the answer to that is they want the tariffs. this is not the open market, but many are horrified at the progress that chinese manufacturers have made. jonathan: it is wonderful to have you with us on the show, we had a guest in the past saying w

mark gurman leading our world-class coverage on bloomberg and everybody hangs on what he says and alle bloomberg technology on the bloomberg "technology" on bloomberg television as well. on the day, ellen zentner next. this is bloomberg. good morning. ♪ , we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. (aidyl) hi, i'm aidyl, and i lost 90 pounds on golo. styles and textures. i struggled with weight loss and weight gain my entire life. with all the yo-yo dieting i did in the past, i would lose 20, 30, 50 pounds just to gain them over and over again. thanks to golo, i've been able to steadily go down the sizes in my closet and keep the weight off. for the first time in forever, i feel in control. (announcer) change your life at golo.com. that's golo.com.

one of the things the wrong, that's always one is listed in nuclear diplomacy. iran today based on bloomberg reports is exporting just. ready over $2000000.00 barrels per day, if the jp away allows it to export something like $2400000.00, then the incentive for nuclear diplomacy, the incentive of productive pharmacy diminishes and damp. and so in the short term, i don't expect any kind of diplomatic breakthrough. and very quickly, then i'm showing you there will now be serious any rand could use the detention of us citizens as leverage to ease the below of sanctions or those views um valid indeed the valid way with them, but i would even take them one step further as not just about busting or getting around us sanctions, you've had a run you official sprag, that hostage taking could serve as a way to resolve the countries macro economic problems. in fact, it was an active hostage taking that divorce the us and they run from 1979 in the, in the ceiling decades, you've had it running proxies, generating money through hostage taking, you've had the right itself to that. and then now you're seei

on in europe. this is "bloomberg markets: european close" with guy johnson and alix steel. guy: european stocks drifting lower little bit. the chinese pmi data the weakness we've seen any break on forward momentum. the chinese data represented here down by 2.25%. anything with significant exposure to china particularly on the services side has been weaker today. the area that is seen some strength is energy. look at what's happening with brent. we are trading around nine -- the russian and saudi's will continue their cuts till the end of the year. alix: i'm surprised that the markets were surprised. s&p 500 is off by one point -- 1/10 of 1%. we seen a much more powerful rally earlier. fading a little bit. still eking out a gain of 6/10. one of the only sectors up in the green today. what is really interesting evolving here is persistently stronger dollar. the dollar index at the highest level since march. does that persist in stronger dollar, where are we in that? is that good value now? if we have questions about the economy, a wage price spiral. are we appropriately priced

this is bloomberg. ♪ guy: monday, 25th of september. it is ugly out there. >> the countdown is onuy johnson and alix steel. ♪

on the leadership change. vanessa hudson will be taken the home. this is bloomberg. ♪ how can you sleep on such a firm setting? gab, mine is almost the same as yours. almost is just another word for not as good as mine. save 50% on the sleep number limited edition smart bed. plus, free home delivery when you add an adjustable base. shop now only at sleep number. >> i think we are descending from the 2021 bubble and this should be normal the deflationary period. which is a function of will be earnings decline, will profit margins declined, will the economy go into recession? we will have a recession deep into next year perhaps. and a decline in stock prices. >> you can see the full interview on bloomberg wealth with david rubenstein at 9:00 p.m. tuesday in new york. 7:00 p.m. wednesday in hong kong. goldman sachs says he sees a 15% chance the united states will slide into recession, down from 20%, as cooling inflation and a resilient labor market success the fed may not need to raise rates further. the investment bank is more optimistic than it appears on u.s. econom

coming up, the ge ceo joins wall street week on bloomberg television. rg. >> public finance will not suffice. this is true for europe, but it is also true for emerging markets and developing economies. private capital will need to be mobilized and scale. -- at scale. green bonds are widely recognized as providing part of the solution. this is why we just put forward a new proposal to attract private investment. it is called global green bonds initiative so we are ready to share our expertise with teams on how to develop your own green bond outlets and at the same time we will push on the investors side together with the european investment bank and our member states, we are allocating one billion euros to de-risk private investments. alix: european commission president speaking to the africa climate summit in kenya and that all revolves around how to fund the energy transition. you have older profitable industries winding down and capex industries wrapping -- ramping up. joining us now is marie freier, a barclays global head of sustainable impact investi

then a bloomberg scoop on the possibility of tim wentworth formerly of cigna joining walgreens as theext ceo. shares up now 5.5%. matt: investors monitor the situation in washington, d.c. as congress inches towards a government shutdown this weekend. this is what blackrock chairman and ceo larry fink had to say about the standoff. larry: i think a shutdown for a country that has $33 trillion of debt is not a good outcome. when you have that type of debt, what are we telling the lenders? imagine you go to your bank and say, i am not paying my mortgage. i mean, that is what we are doing. it is not about the new debt. it is about what congress has already approved. i mean, it is irrational from my vantage point. it is wrong from my vantage point. jon: we will monitor their reactions. kailey leinz joins us live from capitol hill where the latest budget told far -- talks are playing out. we will see where the movement is over the course of the day. what can you tell us now? haley pop right now members -- kailey: right now members of the house of representatives are streaming up beside me t

kriti: let's get more on that with our bloomberg reporter. one huge moment for ipos broadly.t felt like dealmaking was dead after the 2021 craze or speculation. talk to us about this 25% surge. is this setting us up for a bigger decline? >> it is a good first day news and it is great for softbank. what it means is investors bought into arm's pitch that they can sustain the growth rate and it is predicting a growth rate of 20% next year boosted by regenerative ai and its strategy to pivot away from the smartphone market where it is dominant but it is stagnating. whether the 25% ends up being just a nice first day pop or if it is sustained will depend on the results in the coming quarters and whether the company manages to sustain the growth rate that it has told investors it is expecting. kriti: it will be good news of our softbank. let's talk proudly about ipos. it is interesting because when we talk about tech ipos we think about airbnb or doordash. they had similar increases on their trading debut. pretty significant jobs. the expectation was that perhaps they left money on

on bloomberg tv. united auto workers union start.oit's big three a 30% pay increase to reach a deal down from 46%. the automakers came to 26%. we are almost there. craig trudell joins us. this seems reasonable. will it happen? craig: the way to think about this is as a floor the union wants to set. it also speaks to a grand plan on the part of the union. they want and at least 30% pay raise for members. and it to be able to take that number to workers at nonunionized plants whether that be tesla, nissan, volkswagen, toyota. they want to take a nice big fat number not only from say, for, if they are able to get to deal with them first and then to get to the other companies here in detroit. they want to take that to the rest of the industry and really turn this into a broader movement on the part of unionizing more of the auto workforce in the u.s.. guy: the devil is always in the detail and you don't have a deal until the detail is sorted. what is there still to sort out here? read k-pop i think the fact that the union -- criag: i thi

you can customize settings to get news on just the industries and assets you care about. this is bloombergshery: the united auto workers union is putting more pressure on the big three u.s. carmakers gm, ford and stellantis, threatening to expand strikes if there is no progress in contract negotiations by a friday deadline. su keenan joined us with the latest. it a lot of back-and-forth this past week what's next? su: the plan is for the union to continue to pressure. a source close to the union says now they remain flexible and are focused on how negotiations are going and taking their cues from there. we know gm was scheduled to meet late today with the autoworkers to negotiate. we also know ford and stellantis are not having a media talks set. but the walkouts will expand according to the union by friday at noon if there is not a major progress in these negotiations. and, this is part of what the uaw has called a stand up strike rather than their traditional strategy in the past strike actions of striking every facility of one automaker. they are now slowly ratcheting up pressure on all

we have more coming up on bloomberg. . ket checks and more. ♪ ( background noises ) this is a clustomer. hello! it's what happens when marketers group customers with very different behaviors... into one tangled mess. this is a mess! with mailchimp, marketers can use real-time behavior data, to personalize every email for every customer. turning clustomers, into customers. intuit mailchimp. the #1 email marketing and automation platform. is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. rishaad: there you go in sydney. it is just a beautiful day by the looks of it. the asx down by 0.6% and edit -- and it comes as shelby look is taking over as australia's first female central bank governor. it's get to bloomberg's swati pandey. is the rba likely to be any different under michele bullock? swati: yes, for sure. in the near term, which is just the remaining months of

bloomberg markets. good to have you back. what is going on over where you are in the bond market? it is a huge rise in yields i do understand -- i do not understand. guy: i am trying to figure out dogs and tails, which is the dog and which is the tail. it seems like the european bond markets are having a big impact potentially on the treasury market. in placing -- inflation looks like it is coming down. inflation is coming down and what we are seeing on a day like today is yields going higher and that is peculiar. maybe there is month end affect coming in and maybe this is a realization we are underpricing yields. alix: what is weird is stocks are doing nothing. that does not melt with a 17% basis move up on the 10 year. guy: these are big moves and we have this issue. if you take a look at big tech in america, you would've thought the big move we were getting in duration what encouraged people to sell in tech. it is one of the areas that is more a move -- immune to the recent bout of fear. that seems counterintuitive. there are where things going on in the moment but isn't oil dr

bloomberg markets forum. that conversation will be on all bloomberg platforms. up next, "marcus today. -- "markets today."loomberg. ♪ (announcer) enough with the calorie counting, carb cutting, diet fatigue, and stress. just taking one golo release capsule with three balanced meals a day has been clinically proven to repair metabolism, optimize insulin levels, and balance the hormones that make weight loss easy. release works with your body, not against it, so you can put dieting behind you and go live your life. head to golo.com now to join the over 2 million people who have found the right way to lose weight and get healthier with golo. it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. anna: this is "bloomberg markets today." i'm anna edwards with tom mackenzie. mark cudmore joins us from singapore. tom: the cash trade less than an hour away. s&p futures extend losses come on the dollar firms after an

bloomberg markets. >> i am a matt miller. after drops on every other trading day of the shortened week, we are looking at a little bit of a bounce. the s&p 500 gaining .2%. we are looking at the 10 year yield up 1.5 basis points. a little bit of weakness once again for the bloomberg dollar index. we have been seeing real gains. we are close to the year high, 1257. i think the all-time high is 1353. crude bouncing back, $87.56. jon: what a hot streak recently for energy. energy stocks have done well. tech has done well, as well. tech has taken a hit over the last few days but you see microsoft bouncing back. one of the best performers, up 1.5%. we see kroger shares up 4% as that company tries to get an antitrust thumbs up to that albertsons deal. that is some of the stock market story. i have to come back to the economy map because we have been watching the jobs story. we got the weekly numbers one week after the u.s. numbers. very strong numbers versus expectations. 40,000 jobs created versus an estimate of 20,000. you are continuing to see

back to you. >> bloomberg's su keenan there. let's check in on some of the top corporate stories. d that several u.s. investors, including sports giants, are considering investing in the pga tour. sources say that endeavor group, fenway sports and kkr co-founder henry kravis might provide possible alternatives to the tools, beginning with the public investment fund. the pga tour agreed in june to a shock merger with saudi backed liv golf and the dp world tour. federal prosecutors have charged a former goldman sachs and blackstone employee with securities fraud, allegedly giving france tips on deals. they say the 26 euros told to friends about transactions that he knew about from his time at the wall street firms and it is elected the group made it -- more than $400,000 on the traits. u.s. equal employment opportunity commission is sued tesla, alleging that it created a hostile environment at its california factory. the 8 -- the ev maker supposedly subjective black workers to severe and pervasive set -- black -- harassment. plenty more to i don't want you to move. i'm gonna miss you

some pain in the bloomberg dollar index. green oneen when it comes to both s&p 500 and european futures. marcus today is next. this is bloomberg. ♪ it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. i may be known for my legendary football career, but truth is, i love a bunch of sports. the only trouble is knowing where to find them. that's why i got xfinity. so, i can easily find and watch whatever sport i'm into all in one place without missing a thing. even if it's football, australian football, or football football. in a word—it's fitz-credible. i got to trademark that one. this season, eligible xfinity rewards members can get up to $100 off nfl sunday ticket from youtube. sign up for xfinity rewards now. hi, i'm katie, i've lost 110 pounds on golo in just over a year. golo is different than other programs i had been on because i was specific

more on his interview, next. this is bloomberg♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ tom: welcome back. joseph stiglitz, nobel prize-winning economist spoke about concerns he has over china's growth and whether it has potential to drag down the global economy. here is what he told our francine lacqua. joseph: china has sometimes been analogized to riding a bicycle. very hard to ride a bicycle at a very slow speed. for 40 years, the mentality has been a high speed system. when you have a high-speed system, you build property well in advance of what you need, you make mistakes, six months later, a year later, those mistakes are corrected because there is so much demand. now they have to do a better job of fine-tuning and i think their system is not well adapted to doing that, particularly under president xi, who has dismissed a large fraction of his economic experts. francine: is this first of all a po

on. tom: i do that. jonathan: craig trudell of bloomberg, thank you. we still have a lot to talk about today. and the two year getting closer to 5.20. tom: can we be sure we have a moonshot in the 10-year real yield? we can do that. lisa: not just that, but does this change anything for them that people do not expect him to go down anytime soon? jonathan: a bloomberg surveillance special, live from the global credit forum, hero bloomberg, coming up in about one hour from now. from the city of london, good morning. ♪ ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. >> good morning from new york city. i am matt miller in for jonathan ferro looking at futures that are substantially down and rates off to the races. the countdown to the open starts right now. >> everything you need to get set for the start of u.s. trading. this is "bloomberg the open with jonathan ferro. matt: futures fall

time we will have full coverage on bloomberg television and radio. eep an eye on the arm price story. we will get the final pricing between 47-50 one dollars on an oversubscribed listing. that is reported expectation but anything can happen. the ipo market is not made a full recovery is jets. we will see if this is their moment to shine and get a full round up of those stories on today's edition of the debris terminal. subscribers can go to dayb. kicking off the main story which comes out the ecb and we will dive into that expert the readthrough into the markets including the oil story. i promise it is all connected as we see oil hits closer and closer to that $100 mark. later this hour we speak to the canyon prime cabinet secretary as the government prepares to defend a series of tax reforms in front of a judicial panel. this has broader macro implications. you do not want to miss this dispose of interview at 6:40 a.m. london time. -- this exclusive interview. this is bloomberg. ♪ kriti: welcome back. this is "daybreak: europe" i'm kriti gupta. l

on a nyfix. kriti: i'm just now learning that knife edge is a term here. bloomberg's valerie tytel and lizzy burden walking us through the two major central banks are porting but we have a ton of other ones on the docket. you can get a full roundup of what you need to know in today's edition of daybreak, including the bank of england and the federal reserve, plus, poland cutting arms supplies to ukraine. all of that on your terminal, just type in dayb and you will get all that right on your screen. coming up, it is decision day for turkey as well. economists forecasting a 500 basis point hike. we look ahead to what we can expect from the governor. this is not bloomberg just yet. we have one more interview to promote. we hear from tottenham hotspur chairman daniel leavy on whether he is open to selling a stake. he gives us hints on the future of harry kane. that exclusive interview is later this hour. this is bloomberg. ♪ kriti: i'll come back. this is "daybreak: europe", i'm kriti gupta in london. among our slew of central bank decisions, we expect to hear from t

more on the reveal next. this is "bloomberg technology." ♪ ed: it is time for talking tech, all things microsoft starting with its ai research team accidentally exposing a large cashe of private data on the software development platform get hub according to wiz. it included microsoft employees personal computer backups, secret keys, and more than 30,000 internal microsoft investors. amazon is hiring the microsoft chief to run the division responsible for alexa and echo smart speakers, and almost 20 year veteran who led the windows team and was central to the hardware push with the surface computers. microsoft plans to refresh the xbox consoles in the holiday season of 2024. that is according to a product roadmap mistakenly posted online as part of its case against the ftc. the change is for improvements to power consumption, better wireless, and built-in storage. and a physical redesign. this is one helluva leak. let's get more from new york. let's start with how on earth that information came to light. >> thank you for having

maribel lopez joining us on bloomberg technology. have not talked about is the camera upgrade on the pro and promax. historically camera upgrades are important. how important are they this time around? maribel: they are a very popular feature with consumers. they are looking for better cameras and this time we have the opportunity for hardware-based option combined with ai software so we expect a big leap in performance. perhaps what all of the wanderlust is all about. ed: caroline and i have been very busy for the last seven days talking about china. bloomberg reported china's central government is expanding a clamp down on the use of foreign handsets, in particular iphone for government agencies and state backed enterprises. is that a concern ahead of the launch of the nexgen iphone? maribel: we see it as still posturing. we think it is a long way from a wholesale ban on apple tech in china but it is concerning because it starts with the government and it could roll into government owned companies or government-controlled companies

bloomberg subscribers go to dayb, also available on mobile in the bloomberg anywhere app. so you get news on the assets that you care about. this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. shery: north korean state media says kim jong-un and russian president vladimir putin have reached an agreement to strengthen strategic and tactical cooperation. they met on wednesday for the first time in four years. our correspondent joins us from seoul. north korea is calling this an epoch making discussion. what came out of it? >> they are, and it took us a little bit to trace where kim jong-un was going, because he was on his luxury armored train for hours, close to a day to reach russia. the first destination that he chose was in the anwar region. he went to the