bloomberg's michael shepherd with us on a special edition of balance of power. coming up, the live interview we are standinbyor t former president donald trump in chicago with a bloomberg editor john micklethwait with the questions in partnership with the economic club of chicago. stay with us. we are about to begin live and in full on bloomberg tv and radio. kailey: welcome back to a special edition of balance of power on bloomberg tv and radio. alongside joe mathieu. we are waiting for editor-in-chief john micklethwait's interview with former president donald trump in connection with the economic club of chicago. this stage is set. the audience has gathered. we are about to see a conversation, notably, not a speech like we have seen from give at economic clubs in other cities. it is an interview where he could face tough questions about policy proposals. joe: we are hoping for a spirited back-and-forth and hopefully new ideas for how to pay for policy proposals donald trump brought forth over the past couple weeks. as we stand by for them to take the stage we a

later in the show will go deeper on the bloomberg reporting on the story. let's talk about markets and the investor attitude toward the chip sector. for software services and enterprise tech at clear ridge joins us. it is so interesting because is a lot of noise in single name specific noise but those headwinds are offset by massive tailwind for the chip sector largely related to the enterprise investment in ai infrastructure. >> i agree 100%. >> please continue. >> we are seeing growing demand indications demand for cloud migrations, the man for ai. there's a lot of debate around it. there's more activity now than there was six months ago. there's more likely to go into production in the first half of the year then second half of this year so those are really starting to move. >> where i would like to talk to you is this debate about how we as consumers will use ai. two qualcomm's mind that's their entire business right. but they see a world where within five years all of us having an ai smartphone when we look at the markets and you look at the names acro

coverage of the vice presidential debate on cbs, simulcast on bloomberg radioing tv. e mathieu alongside kailey leinz. we are only blocks away from where the debate will start to 20 minutes from now. rarely have we spent so much time on a vice president of debate. kailey: this is the last scheduled debate of the election season. kamala harris has floated joining donald trump on cnn, that is a request he has denied. as we heard from congressman donald's, he thinks if anything happens going forward, it will be on fox. joe: this situation with 60 minutes, same network running this debate tonight, their election special that was to feature both candidates as you mentioned is in the works for next weekend donald trump has dropped out. that is a full hour of network tv coverage focused on kamala harris, which would be rather expensive to buy. kailey: it comes at a time when she has ad buys in place in the cash advantage. he is all about seizing free media but is not choosing to take all of this opportunities. joe: joining us now, the governor of colorado. speaking on behalf

on bloomberg. ♪ >> live from washington, d.c.. welcome back to a special edition of balance of power. i'm kailey leinz alongside joe mathieu moment the from bloomberg's five interview with former president donald trump in partnership with the economic club of chicago. donald trump will take questions on economic policy from bloomberg editor and chief john micklethwait. there are attendees gathered in the room in chicago. the remarks will begin any minute now. joe: it could be 10 or 15 minutes until they finy

ed: thanks for coming on bloomberg "technology." ability to serve the world directly correlates to the constellation in orbit from that perspective explain to us the time line for expansion but your ability to serve those markets on earth. scott: we importantly are low earth orbit network, means we are global. that's a problem and that you need many satellites. once you are operational you can serve many markets. that's why we put together this network of 45-plus partnerships globally with the mobile network operators. who cover collectively over 2.8 billion subscribers. that network is something we want to build quickly, our partners do. we are going to start doing bait why service with the first five slights, 30-plus minutes a day as soon as we commission the satellites here in orbit from there we are vertically integrated which is very important for what we are doing. based in texas. we have our key hubs here in the united states. in addition to being publicly traded and based here. for us getting that factory at full speed we be

this is real yield on bloomberg. sonali: i am sonali basak can this is bloomberg real yield. the auction block. we take a trip around the credit world starting with europe. it only attracting a record 200 billion euros of orders for two new bonds capitalizing on last week's outlook upgrade by fitch. demand is the second highest ever for a dual sale in europe. in u.s. high-grade to slow with weekly sales missing forecast a second straight week. one highlight was a bank of america 73 $.5 billion of subordinated body. the major bank joined its peers which collectively sold more than $19 billion of bonds last week. in u.s. leveraged loans it's really fun this week. companies issued a record $986 billion, nearly a trillion dollars of debt this year passing the 2017 level as the busiest year for new issuance with most of the volume coming from companies refinancing current obligations or locking in lower margins through repricing. speaking of credit debt due room already for moran's investors aren't getting the bank for the buck on junk-bonds riding high yields is decidedly rich at

coming up on bloomberg, we will hear from j.p. 's head of european tech investment banking on his biggest bets in the region. the biggest names out of europe. that is next. this is "bloomberg technology." ♪ caroline: welcome back to "bloomberg technology." ed: i met lula -- ed ludlow and san francisco. caroline: the mag7 doing his thing. who leads the charge? nvidia, of course. we contemplate the direction of travel for the federal reserve and whether they can continue to . a 30% rally in the last five days. we get news about its energy efficiency coming from its ai event that's happening today. microsoft up a percentage point. more bearish calls coming for this particular name. will it live up to the ai height. oppenheimer morning the offer estimated in microsoft pushing that more than a percentage point. supermicro coming down from yesterday. down by almost 6% after a rallied more than 15% yesterday. this is on the back of it talking about deploying over 100,000 graphics processing units and gp using just one quarter alone. they

ed: if you are just joining us on "bloomberg technology," this really is a must read in the business . there is the trademark dispute. there is a suit. update us on the latest. >> openai has prevailed in the argument so far. they got a preliminary injunction against guy ravine so he can no longer use the trademark or the domain open. ai which he bought will before openai launched. he filed a counter suit against them claiming they stole the idea from him. most of the countersuit was dismissed and have been refiled. he has had setbacks in court but they are a long way from what would eventually be a jury trial if they got that far. that would be a minimum months if not over a year away. caroline: these things always take a lot of time. what do you think the response will be from openai to the investigation? how have you been talking to the company, without a space? evan: the company did not have much interest in commenting. they filed a lot of arguments in court. their comments are in their legal briefs. the only general comment was we took legal action to stop the intentional use of o

we will keep an eye on everything as it comes and bring you live updates here on bloomberg. don't forget to follow top live on the bloomberg terminal. this is bloomberg. ♪ the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title. i have one, too. i'd be so lost without mine. we are talking about mentors, right? yes. a mentor can guide you. support you. and unlock your potential. being a mentor can be just as life-changing. you can create opportunities. and inspire the next generation. h

this is "real yield" on bloomberg. it's a smart move to get a second opinion. you do it when you're looking for a contractor. you definitely do it with medical advice. so why not with your stock market investments? we can help you see opportunities you may be missing. at hennion & walsh it only takes a second to schedule your free second opinion. so what's there to lose? speak to hennion & walsh. the second opinion people. >> this is "real yield" and time for the final spread. what we have monday is more fed with hearing from jpmorgan c.e.o. on tuesday and more fed speak and wednesday the latest fomc minutes. we will see how this changes the calculus. and we speak to the security leaders at the macro forum in new york city. much more people to weigh in on the fed rate cuts. jobless claims in the pipeline and the new york fed president and more data on friday. big banks kicking off earnings. we will get results from jpmorgan and wells fargo. see if they hold on to that. and well see the final c.p.i. because you speck the challenging of the date the year over yea

stay with us on bloomberg tv, we have plenty more on all your top stories of the day.up on the opening trade we will speak exclusively to the french minister delegate for european affairs -- european affairs. that's about the new budget at 8:30 am u.k. time. on monday we will be going live from the paris motor show where we will speak with the ceo of stellantis on the host of other leading figures from the european auto industry. the opening tradeis coming up next. anna and guy be taking you to the market opens. stay wis. this is bloomberg. ♪ instead of trying the latest weight loss fad join over 5 million people that have switched to golo as a better way to lose weight with golo you simply take one release supplement with each meal and follow the golo for life plan the seven natural plants and three key minerals in release helps support weight loss by targeting body fat and combating the stress of dieting golo is the effective & affordable weight loss solution get started today at golo.com thats g-o-l-o dot com we're with bridget, whose husband won't be home for month

it has all of the facets of the story that would engage our audience on bloomberg technology. why only 5% of jobs in which sectors and industries are you basing your thesis on? >> it is great to be on the program. i think right now there is a lot of potential excitement, perhaps hype about ai. if you look at its current capabilities, we are very far from ai performing any of the tasks that involve a heavy level of interaction with the physical world. construction work, manufacturing work, carpentry, those perhaps one day will be much more feasible if ai become so much more advanced and reliable and to be integrated with better robots. it is not something that will happen in the next five or 10 years. there is a lot of other potential for future ai to perform some social tasks, but those will not be possible right now either. you will not go to an ai psychiatrist anytime soon. if you strip out all of these you will not be left with much more than 5% of the economy. ed: may i jump in and push back with a point raised by our audience when i said you were coming on, which is that a

you will be able to catch the latest episode of momentum on thursdays on bloomberg tv and streaming onfore wel's look at how markere aring. we are looking at benchmarks in hong kong in particular. let's look at how they are doing, we know china for instance has been swinging between gains andlses, just marginally higher, the ha seng index also marginally up. hstech up by 1.3%. ner mind that asml cautioned overnight. the hang seng property index down by 1.3%, disappointment from china. we were expecting new measures but not enough. the china developers index slumping even more, currenty lower by more than 8%. we are also keeping an eye on eu assets on the back of expectations we will a rte cut by the ec delivering haps eight when he five basis cut today. we just heard from accord ceo saying they need to go big and reduce the slowdown in terms of the economy, asto go perhaps 50. that's his expectation. euro-dollar 108 point 52, the euro down about 1/10 of 1%. that is it from bloomberg markets asia. horizons middle east & africa is next. keep it here with us. this is bloomberg. ♪ it's our

this is "real yield," on bloomberg. ♪ sonali: this is "bloomberg real yield." me for the auction block it, where some of the inflation went down in sales, with the eu investors bidding over 106 billion euros on the debt. it was a dual trench offering of three and 15 year notes with sales price tighter than early guidance. here in the u.s. we had treasury auctions, 3, 10, 30 year, each with the highest yield since july. the indirect award jumped to a record level. rbc, toyota, standard chartered helped to push weekly volumes passed 16 billion dollars, topping the high-end of forecasts. october volume is at $29 billion, on pace to meet expectations speaking of credit, at morgan stanley andrew said tight spreads are healthy. >> spreads should be tight. it's better than expected fundamentals. soft landing is an unusually good backdrop for credit. high yields are good for spreads and bring in more demand. from a lot of the buyers who have been driving the market over the last year, with yields going up to 4%, all of a sudden the same spread hits a lot more yield bogi

i do not know what your life is like before coming on "bloomberg technology," but you would think this is a once in a lifetime moment if you go on x, bloomberg 's joe weisenthal going this is what we wake up for and why we go on social media -- caroline: i mean, he does that every single job street. ed: exactly. if you're a technology investor, is that what it is really like when you get economic data like this? anna: you know, maybe, maybe not. it's not like that for me. we are long-term investors. it is exciting and i do already is a bait and some of the excitement in the short-term, but again, if i am looking at ai, i am looking at the long-term potential. this one job number is not going to do anything for me. so yes and no. i do participate, but it does not affect what i do. caroline: if it doesn't affect what you're up to, let's think about what it affects in terms of market sentiment for big tech and the opportunity to see consolidation. we've seen themes of m&a, web out of dire need and distress, like what we saw in the pay-tv deals earlier this week. we now hear of reports tha

stay with us. ♪ caroline: on friday, bloomberg technology has a live episode from rocket lab, featuringe of earth's atmosphere. ed: we get hands-on from rockets to robots. caroline: that is only on bloomberg television. context changes everything. ed: the answer to the world's energy problems may be in space. there is a new company with the aims of harnessing solar energy using lasers and low-earth orbit satellites in order to deliver renewable power globally. ceo baiju bhatt joins us from san francisco. it is out of science fiction but you can kind of see it, so explain the basics of technology -- how this would work. baiju: thanks for having me on. the company is aetherflux and it takes solar power, this old department of energy and mass idea, and make it a thing. collect solar power in orbit. by doing so, you are able to beam it down to locations virtually globally. and by doing so, address a lot of the limitations of energy intermittency. ed: to address what the audience might be wondering, i know you as one of the cofounders of robinhood. your background is in physics. you have a f

tomorrow bloomberg tech in london. asml ceo joins us on the stage. 4:00 eastern, 9:00 in london. erg. ed: ai powered procurement software startup zip is changing the way companies obtain the supplies they need to operate in recently announced its latest funding. here with more is the zip founder and ceo. the back story is interesting and worth getting right to it. you used to work at airbnb and you had a specific job and you are basically like this is not working so you went with some friends and colleagues and design something better and were like let's start a company that does this. that is pretty fair? >> that is absolutely fair. my colleague and i were at airbnb and had to go through a confusing procurement process of where we had to buy something one or all of the approvals between budget and i.t. and security and all of the different teams and that is what we started zip to solve for by providing one front door for any employee in the business to request a purchase. caroline: i am interested that you are ai powered. is this generative ai or more broad ai? you are serving op

car: t the bloomberg technology podcast on terminal and on apple, spotify, and i art. k, unity releases its latest development platform today called unity six. a speed of tools used by the gaming industry and professionals to create market, grow games in the vr experiences across a variety of platforms. the unity ceo joins us now. matt, i have come to learn in the last couple of years that loads a video game developers, publishers, and game industry people watch the show, but many won't know what the tools are. why is unity six so important? welcome to the program. matt: it's a global platform that enables and empowers large chunks of the videogame industry. 70% of the mobile games in the world are built on top of our platform. so, it is an important and fundamental peace and we are the only company in the world that can help developers from the beginning to the end of the lifecycle. prototyping, building the game, operating the game in live service, going out to find users for the game or monetizing advertising input -- inventory. it's a full sweet and we are close par

ted: all that ahead over the next half hour on "bloomberg crypto," but take a look at bitcoin this month close to 6% just on the heels of the fed interest rate cut. a rally in tech stocks we have seen since the august drop. basically last -- reached an all-time record of $74,000 in march. we will be speaking to mike reagan in minutes about what catalysts are sending bitcoin higher. sonali: it is pretty fascinating. we look at the bitcoin etf flows zooming. zooming out, it is some strong action in recent weeks. back to billions over the last couple days. at least one billion brought into the ets and that is on the back of a few things. we know the optimism around potentially former president trump becoming more friendly to the industry if he were to win. we have things to minutes in china prop up the market to some degree. risk behavior across many markets. and certainly bitcoin is a large beneficiary of that, bringing the assets of these funds to more than $60 billion. ted: so let's get -- tim: so get into it. mike regan joins us on set abenberg hq. is this about optimism about a potenti

joins us from the imf annual meeting to talk through his vision for a soft landing on the fiscal side. this is bloombergted from southern new hampshire university. i always said i would go back to school when i had time. i went on our website, i spoke to an admissions counselor. we applied right then and there. that's when the journey really begins. going through the program, having the support that i had, really helped me understand what i can accomplish. and i learned this just by taking classes at night while working a full time job. the resources at snhu were incredible. i think if i was back at the beginning, i would choose snhu all over again. sonali: this is bloomberg markets. the imf recently warned that australia might need to cut spending even though it had a second budget surplus in a world. -- in a row. we will speak with the treasurer of australia. what do you make of the imf report. let us start there because really the imf's growth forecast and recommendations is the shot heard around -- heard around the world. what do you feel in relation to what they said? jim: well, first of all, thank

thank you for your time in coming on "bloomberg technology." o keep this focused on tech. so i would like to ask you, why is kamala harris the best candidate for the technology industry and venture capitalists around the u.s.? >> well, so, what the tech industry needs is kind of a stable environment in order to kind of follow the rules and prosper in. an ability, by the way, one thing the tech industries brings to the u.s. is a kind of -- it's one of our most successful global industries. where most of, for example, the large tech companies get the vast majority of their revenues overseas, like the majority, depends on the business. and so good global relations in addition to stability, and an ability to kind of know that you're following a rule of law versus what i think of as grister capitalism. all of that leads to like the reason why i and others like me support vice president harris for president. because i think those are the more fundamental things than whether or not a corporate tax rate goes up or down a little. obviously those can be i

welcome to the monday edition of balance of power here on bloomberg tv and radio. l recovering from madison square garden last evening. kailey: it was quite an event where some policy news was made, donald trump putting on the tax credit for those caregiving for members of their family. he could cut through to them dollars in federal spending if he runs for government efficiency commission, since elon musk. but that was overshadowed by the sexist, racis

let's get exclusive conversations with jamie dimon sharing thoughts on the recent market momentum. he spoke with bloomberg rates host lisa abramowicz. >> a soft landing so hard. i hope it happens but i would not count my edits for that one. the markets, values are high, not low, both equities and bonds. credit spreads are very low. they are open but not open for ipos. the largest of the year, last week, they are open for those the markets wants to buy today. don't assume they aren't open. sometimes people go public and don't like the price. that's different. you think you know a company is worth more than the market might know. lisa: you said there are a lot of inflationary things coming down the pike. was it a mistake for the fed to cut by 50 basis points? jamie: no. separate the here and now. inflation is definitely coming down. they don't want to go into a recession. unemployment is going up. they raised rates rapidly to 5%. they are right to take the foot off the gas. i do not think it matters much 15, 25, honestly, but it's ok. if inflation comes back i am looking at different things. in the u.s. the

we may not be out of the woods on either front. bloombergcs predi cting a weak report for september. kailey: issues that could be on the back burner for now. the dockworkers will not be another problem from the strike perspective until january 15. clear on the cusp of someone inaugurated by then. the

bloomberg news. katie: for more on this, we are joined by the reporting covers bloomberg news. did we end up in the housing crisis? >> home buyers today are faced with a bunch of different factors that make it unaffordable. we are short 4 million to 7 million homes in the market. the high demand over the available homes has driven prices up to nearly $400,000, some of the highest levels in u.s. history. on top of that, raising mortgage interest rates means the cost to get a home loan have increased so it has put home ownership out of reach for a lot of people. katie: you have that structural under supply of housing coupled with superhigh mortgage rates. no one is happy here. who is hit hardest by that dynamic? >> i think when we think about housing affordability, we are seeing gen z and millennials who have not had the chance to buy are hit the hardest. this cohort are more likely to meant at a time -- to rent at a time when the cost to get an apartment has also hit record highs. we have seen inflation rise at the fastest pace in decades. they are also feeling the financial bur

next up on bloomberg we will bring you the opening trade. be speaking with the cfo of bmp paradox after they reported a boost from trading in just over 15 minutes we will have the ceo shipping giant maersk. the opening trade is next. anna: good morning from london. i'm anna edwards alongside kriti gupta. we are an hour away from the opening trade. another big day for earnings

on a tear. for more, let's bring in bloomberg's valerie tytel. what is the warning on the global debt pile and does it prime the bond vigilantes? >> if he the equity market is still chairing all this government spending. the imf in his paper last week said global debt to gdp could reach 93% by year end. but the s&p 500 isn't deterred. it is on for six straight weeks of gains, the longest run for the s&p this year. another thing on the move i want to mention is gold. it has moved nearly 4% in the last few weeks since the beginning of october. it has hit record highs again overnight. there are many questions over what's been driving this. is it haven demand, asian central bank demand,? we are seeing at about $20,000 per ounce, up another 0.3% so far in the overnight trade. i want to mention bitcoin. it has been on the move. up 10% in the last week. some are claiming this could also be haven demand. it could be more of a trump trade as the market thanks there is a better regulatory environment that could come for cryptocurrencies on a trump win but i

on. i think the market may have priced it in a little bit. have a good weekend. caroline: that does it for this edition of bloomberg technology. king about chip manufacturing in the u.s.. ed: a huge week in the world of technology. the bloomberg technology podcast is your friend. recap there. wherever you are in the world, have a fantastic weekend. shout out to the team in new york and the crew in san francisco. monday another big week starts. this is bloomberg technology. new projects means new project managers. you need. i need indeed. indeed you do. when you sponsor a job on indeed, it's easier for talented candidates to find it. which makes it easier for you to hire them. visit indeed.com/hire s

ed: this is bloomberg technology on the road in hollywood at bloomberg screen time, coverage of popularture. caroline: talking music, streaming, moviemaking, podcasting. it's all coming up. ed: do not forget video games. there is something coming later in the program for videogames. it's important. dollar for dollar, this comparable and important. we are having fun here. we will be right back. ♪ caroline: welcome back to a special edition of bloomberg technology live from room bird screen time -- live from bloomberg screen time in hollywood. content creation, streaming. amazon adding apple tv+ to its channels in the u.s. ted lasso, slow horses and the video supermarket for the first time. i chatted with the head of amazon studios last night. >> we've tried to become the first stop entertainment hub for consumers around the world. we have the prime content including thursday night football, our fourth game of the season tomorrow night, nba next year, nascar. champions league throughout europe. a variety of sports. we also offer the world's largest store. on top of that, we have 100 partn

he is one of the key guess in london for the bloomberg nef summit. he qr code on your screen to get a virtual attendee take i believe. more details by scanning the code. now the french government survived a motion brought by leftist lore makers, far short of 289 needed. president macron have appointed a premier from the left-wing coalition. carrie has named santino as the gucci ceo leading a turnaround. the former lvmh executive takes over in january. gucci has struggled with cooling demand for goods in chiner, falling by more than 40%. co-founder of gp with his views on where to invest in ai coming up. this is bloomberg. ♪ ♪ >> happy wednesday. breaking news from the french and bank of governor, excuse me, central-bank governor. it won't be the last. it won't be the last. he suggests space for the ecb. 90% chance of another cut, it will be the furred one,, markets expecting 47 basis points of cuts, euro-dollar 109. the u.s. is weighing breaking up google seeking to prevent it from using crown and android to its advantage. google said that would break

on monday at 12:00 p.m.. stick with us. this is bloomberg ♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. sonali: welcome to bloomberg markets. i'm sonali basak. let's check the markets. around three basis point drop on the s&p 500. .3% lower on the day, the kind of day it is. the nasdaq 100 down about .4%. i'm confounded by the bond market. back to 4.2%. bond traders are selling off like it is 19 95. you see a move in the bond market starting to echo what you saw and the 90's when you saw a rate cut at that time. strong economic data. we will look at where that goes. the vix is lower than it has been, around 20 handle. below 19. still elevated compared to where we have been compared to the rest of the year. midday moving's on the equity side. abigail doolittle joins us. abigail: lots of earnings with stocks moving more than the s&p 500 down about .3%. shares of

ahhhhhh ahhhhhh ahhhhhh ed: on monday we will be speaking with sarah frier right here on bloomberg technologynkedin ceo says if you don't change your job, your job will change due to ai. he talked about the platform's growth, the impact on career search and development and countering misinformation ahead of the u.s. election. >> couple trends, across-the-board the need for people to upscale what they are doing, ai and human skills are in high demand. for the first time on linkedin we see growth outside the core knowledge worker and that is happening in india and indonesia. small business owners, freelancers are gravitating toward the platform. seven people per second join. interesting to see those patterns. for me, the idea that if you are not changing your job, your job is changing on you. it's important thing to grasp as ai takes more shape. haslinda: there is focus on the u.s. election and ai generated misinformation. how are you countering that? ryan: linkedin exists to create economic opportunity. it's attached to your real identity/resume online. we don't face a lot of issues other plat

. >> todd: all eyes on the economy, donald trump taking on bloomberg, got feisty, laying out american make or break issues for voters coming up next. instead of trying the latest weight loss fad join over 5 million people that have switched to golo as a better way to lose weight with golo you simply take one release supplement with each meal and follow the golo for life plan the seven natural plants and three key minerals in release helps support weight loss by targeting body fat and combating the stress of dieting golo is the effective & affordable weight loss solution get started today at golo.com thats g-o-l-o dot com ♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. >> carley: fox news power ranking show tight race between vice president harris and former president trump. michigan leaning to a toss-up. many blame harris' electric agenda. >> biden-harris agenda on policies that don't work for working cla

bloomberg. subscribers can stream live on bloomberg.com and live go on the terminal. in 9:00 a.m. u.k. l speak with citi's chief executive. the opening trade is next. stay with us. this is bloomberg. ♪ anna: we are an hour away from the opening trade, is what you need to know, hurricane milton makes landfall on florida's west coast, authoritis

thank you so much for joining us here on bloomberg. >> delighted to be here. francine: what's it like being a chanel chief executive? >> it's creative, vibrant, the sectors doing well, it's a great place to be. francine laqua a difference do you want to make, on the business, longevity, what it stands for, sustainability? >> i hope to lead chanel into the future along with my team and lead chanel into the future by protecting what's unique about us and by evolving as a skilled iconic business is always important to understand the context. context we have externally as macroeconomic challenges, inflation, complete fragmentation, media channels, ecosystems and winning hearts and minds of people is so difficult in today's age. we see that with ai. there's not a week you don't hear about ai, so all of this is happening externally and internally it's been a phase of rapid growth. in the last 10 years we have more than doubled our revenue, more than doubled the number of people and for us. we have more than doubled our distribution presence. we have more than double

that story on bloomberg tv and radio through today. ina, economists morning the stock rally could turn into a bust. china's economy is on weaker footing than it did before the pandemic with a number of vulnerabilities including the housing sector, a high local government debt, and geopolitical tensions including around the automakers in europe, which is the latest news out of the continent. lisa: going back to the 2015 boom and bust and losses after that. i get it. that is why people say that it's a trade, not necessarily owning it. they are renting the trade but not owning it. let's see what they can do. we hear from economists saying that the bazooka could be 1.4 trillion dollars upon sales to fund stimulus. a lot of people are in wait and see mode. annmarie: they are excited, they went to the party, but are waking up to the hangover. i can't get over the youth unemployment rate in china, near 20%. that is the data we know. that is going to trickle down to the real economy. that is the question mark. jonathan: referencing the post gyp

lars, thank you so much for being on bloomberg with us. lars: francine, thanks for having me. francine: after decades of research, basically, novo finds a molecule that changes everything, in terms of weight loss drugs. were you taken by surprise at the appetite, actually, for these drugs and how mainstream they are? lars: yeah, i would actually say there are many surprises when you get a product like that. it starts with surprises in the innovation, because there are many shots being made on goal, and most fail. and the winner is often the one that surprises people the most. francine: so, why do you think this, i guess, surprise or success was unexpected? did it capture something in society that you were not ready for? lars: i think we have seen, first, many decades of our company was focused on type 1 diabetes. then, because of lifestyle changes, perhaps genetics, there was an increase in type 2 diabetes. and -- but for many years, type 2 diabetes was not intensively treated. then there was a so-called ukpds study that really showed you really need to treat type 2 diabetes t

coming up on "bloomberg markets ," with the u.s. election a month out the world is watching how the u.s. will engage with the middle east. our next guest helped form foreign policy. aaron david miller will be joining us with his insight. this is bloomberg. ♪ i can't believe you corporate types are still at it. just stop calling each other rock stars. and using workday to put finance and h.r. on one platform. tim, you are a rock star. using responsible ai doesn't make you a rock star. it kinda does. you are not rock stars. (clears throat) okay. most of you are not rock stars. oooh. data driven insights, and large language models. oh, that's so rock roll. it is, right. he gets it. yeah. scarlet: this is "bloomberg markets." i am scarlet fu. we are monitoring developments in the middle east against iran 's missile -- following iran's missile strikes. one big topic is how the u.s. will navigate this. we are joined by carnegie endowment for international peace senior fellow aaron david miller. you point out that we have the holiday to be

on asml. stay with us. this is bloomberg. hi, i'm rashod and i've lost 118 pounds on golo. highest i've seen on the scale was 417. it was a real reality check, it was really scary. diabetes and high blood pressure runs in my family. i knew i had to do something, so i starved myself and i lost 100 pounds. but i ended up with an injury and i gained almost all of the weight back and fast. i was super defeated. so i went to the golo website and ordered a 90 day supply and i never looked back. if you tried everything else and you're just about ready to give up, give golo a try. ♪ tom: good morning, i'm tom. asian stocks extended a selloff, fears for slumping demand. asml plunges. lvmh sales drop, demand cools in china. trump dismisses criticism and interview three weeks out from the election. >> close forward tara, my favorite word. he needs public relations. build in the u.s. and no tariffs. tom: let's check in on markets, the chip sector, asml, pressure on asian suppliers and a big miss, so ripple effects are being felt. futures down and tech in focus. filters across energy.ow

leena nair, thank you so much for joining us here on bloomberg. leena: delighted to be here. francine: what's it like being a chanel chief executive? leena: it is the best job in the world. it's creative, it's energetic, it's vibrant, the sector is doing well. it's a great place to be in. francine: so what kind of difference do you want to make at chanel? is it on the business, is it longevity, is it what it stands for, is it sustainability? leena: you know, i want to lead chanel into the future along with my team. and lead chanel into the future by protecting what's core to us, by protecting our differentiation, protecting what's unique about us. and by evolving as a scaled, iconic business and brand. it is always important to understand the context we operate in. the context we have externally is very, very dynamic. geopolitical uncertainties, macroeconomic challenges, inflation, complete fragmentation, media channels, ecosystems. i mean, winning hearts and minds of people is so difficult in today's day and age. so we see all of that externally. ai. i mean, there's not a we

thank you for joining us on "balance of power" here on bloomberg tv and radio. happy halloween. tive vest on. kailey: donald trump did yesterday, literally taking a ride into a garbage truck as he leaned into the calf made by president biden this week when he referred to trump supporters as garbage, or may be one singular supporter, if the white house is to be believed. nonetheless, that is a distraction for the harris campaign d

check of the bloomberg technology podcast. you'll find it onl and online at apple, spotify and i heart this is bloomberg. ed: the lack of a red bottle -- rebuttal with takeover speculation by tencent suggests the doors open to a potential buyout. bloomberg intelligence research points to potential regulatory hurdles given the current geopolitical backdrop. i think this morning you have heard from ubisoft to have issued a brief statement about the reporting just summarize what they said. >> they basically said that ubisoft is used to review its strategic options. that's options plural. and you see more on the report in talks for private report with tencent. but they just said they are basically working on options. and also said the management was working on its current strategy. >> remind us of what the strategy might be one share price is halved perhaps it assesses options. >> they said they would focus on the open world games, that's a point that's been difficult for them recently because the recent star wars game that did not work very well a

this is bloomberg. ♪ ♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. >> welcome to bloomberg markets. let's get a quick check of those markets. plenty of counterweights. the buoyancy of the economic data pushing up stocks. semi conductors are seeing a little bit of enthusiasm. we have energy stocks higher as oil rises. that is offset by some of the selling we are seeing in hong kong and mainland china stocks. mainland china does not come back until next week. he s&p 500 flitting between gains and losses. down a point. 110 stocks higher. golden dragon index down 2.3%. crude up 4.6%. we had a short comment from president biden saying we are discussing it when it comes to the potential for israel to maybe attack iranian energy infrastructure. not clear what he meant. we are waiting more on that. a small move in u.s. yields. the two-year moving by four basis points this morning's economic data. when it comes to the economy, former new york fed president

subscribers can turn to the bloomberg for more on this, go to tliv to get analysis from our expertr show today, asml president and ceo will be speaking at a bloomberg tech event in london. catch live coverage on bloomberg tv or on bloomberg.com. here is a look at the guests joining us tomorrow. the ceo of the philippines' largest conglomerate ayala will be with us exclusively. we will ask about the investment landscape and the impact of monetary easing on his businesses. plus insights on the biggest market risks and opportunities with ubs global wealth management's min lan tan. horizons middle east & africa is next. this is bloomberg. ♪ i can't believe you corporate types are still at it. just stop calling each other rock stars. and using workday to put finance and h.r. on one platform. tim, you are a rock star. using responsible ai doesn't make you a rock star. it kinda does. you are not rock stars. (clears throat) okay. most of you are not rock stars. oooh. data driven insights, and large language models. oh, that's so rock roll. it is, right. he gets it. yeah. [jeff laughs mania

fundraising to perhaps spend more on the economy. bloomberg's china correspondent, minmin low, thank you. more on china's policy measures with mark franklin. when you take a look at the trading in china now, the csi 300 down, pretty choppy trading. investors trying to decide how long the rally may last but not today. how are you looking at it? marc: good morning. it seems to be the case that expectations now are higher than they were a few weeks ago and therefore the chinese government policymakers not only need to provide concrete numbers but also a credible plan, which as you say provides more stimulus over a multiple year time horizon. whether the number is $4 renminbi or 6 trillion, it is less compared to the laid out packages we saw in 2009 and 2010. the recent data we have seen from china continues to indicate a very suppressed cyclical picture. export growth anemic, bank loan growth pretty shallow as well, consumer household sentiment, business investment sentiment subdued. it's going to take not only a larger sum to drive market sentimen

tom: bloomberg's brendan murray, what to watch for as well. indeed. plenty more coming up including a breakdown onis is bloomberg. ♪ whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial. ♪ >> labor market is everything so this is the question, did they cut 50 because inflation has come down? tom: morgan stanley's strategist mike wilson talking about the importance of the labor market. payrolls on friday so a picture will become clearer. you've seen a steady move lower in terms of private sector jobs. five months where the move has been lowered. bloomberg expects the number tomorrow will be 123 thousand jobs after an increase of 99,000 in august. cooling market. in terms of where the market is heading in the cooling, we know the tilt for

eastern on bloomberg tv. that is your brief. rning calls plus. we will get you some adp data coming up next on the program. ♪ jonathan: just to mix things up, an adp report for you. michael: good morning. 233,000, which is a significantly higher number than anticipated. the forecast was for 111,000. the september number revised up to 159,000 from 143,000. we had a major increase in jobs in the months of august and september where we saw jobs rise by 223,000 in private payrolls. that is the comparable to the adp, so this is a number that suggests some real strength in the labor market that may has not been expected. jonathan: what happened to the hurricane noise everyone is pricing in for friday? michael: here is the thing about the hurricanes that we don't know, the timing effect. hurricanes hit on either end of the reference week, which is the week that includes the 12th of the month, so if you work at all , if you worked one hour, you would be counted as employed, so it is very possible the people from helene got back to work.

the highlight at nine: 30 eastern on bloomberg tv and bloomberg radio -- jamie dimon of jp morgan sitting. 9:30 eastern time. here is your week ahead. cbi on thursday. fed minutes tomorrow. on friday we can stop talking about the data at the federal reserve and talk about earnings. jp morgan and wells fargo just around the corner. equity futures bouncing back on the s&p, up .4%. on the nasdaq up .5%, bouncing back from yesterday's losses. dani: one of the things about friday is it means the market is concentrating more than just on a recession risk, it is concentrating on inflation risk, concentrating on oil and geopolitics and an election. it is a time when the runway for the market is much more unlimited because of uncertainties. removing jobs will catalyze this market and are praying for another 50 basis point cut. having that off the table means there are more worries to contend with. jonathan: a major worry that could be with us for weeks and months. hurricane milton barreling down on florida, state already trying to recover from hurricane helene. things could be a lot worse. we need