paul. you meet paul where?> i met paul at his house in glen cove. >> reporter: jurors heard him tell police his version of what happened the night of the murder. >> so he gets in your red blazer. who's driving, you or him? >> i was driving. we were driving up toward where his residence was. where catherine still lived. >> reporter: sherwood said paul told him to park about a mile away from catherine's house and wait in the car. >> how long is he gone from the car? >> over an hour. >> and what does he say when he gets in the car? he said "it's done." he had said that the chloroform didn't work. "i had to strangle her," and something about hitting the gas line to ignite. >> so you knew the house was on fire? >> yes. >> reporter: as scott sherwood's story played in the courtroom, the prosecutors pointed out how remarkably similar it was to michelle la france's. >> did he say where he strangled her? where in the house. >> in the basement. >> reporter: prosecutors felt these matching stories were powerful but didn't

paul: jason. >> another hit for free speech, paul.the houston rockets' general manager who got in a little bit of trouble for tweeting in support of the hong kong protesters. i think it was a great way to eleven support to a very good cause, and i think it's what most nba expected out of the lead and maybe others will follow his lead. >> in march biogen scrapped an alzheimer's drug that was probably the best hope to slow the disease. it has come out and said it is reviing the drug after analysis shows it actually does work on certain people after long or and higher doses which just shows that medicine is full of surprises. paul: the genetic-specific cures are really interesting and exciting as they develop. kyle? >> to vaccines which are wiping polio off the face of the earth. one was declared eradicated in 2015, a second just this past week, so that leaves the third which which circulates only in pakistan and afghanistan. polio has been a scourge for a long time, i mean, there are mummies from ancient egypt 3,000 years ago that showe

paul: not really. no. lemonis: how come, paul? the tension and stress of locations and closing, and that all fell apart. lemonis: it didn't fall apart on my end. my money got spent. i haven't gotten one license fee of any kind, not a penny, not a nickel, not a dime. paul: we're trying to hold this together. lemonis: what do you want me to do? i need you to give me some direction. paul: work with craig on a temporary lease agreement. lemonis: you want me to work a deal out with the landlord so it lets parlour off the hook? yes or no? paul: yeah. lemonis: great. no. paul: what you brought up a couple of days ago was not true. i didn't have the proof. and you do this to me time and time again. mike: paul, i'm not going to go back 6 months and try to remember. i don't know. paul: that's a lie. lemonis: i'm here today to have a career for me, i've athat helps people, that drives change. i was searching for jobs on linkedin. i saw this job. after learning more about the company's mission, i could tell it was the right job for me. our pr

i'm paul gigot. a week of rapidly moving developments in the impeachment probe with democrats calling their first witnesses in the inquiry and president trump once again defending the phone call at the center of the storm, denying that anything improper occurred in his july exchange with ukrainian vladimir zelenskiy and decrying the need to release his private conversation with another world leader. >> this whole thing revolves around a simple conversation, and if you remember at the beginning, it was quid pro quo. that's all you heard about and i think he said seven or eight times quid pro -- in other words, you are going to do that or we're not going to give you money. you're going to do this or we're not going to -- i never said it. when i heard these horrible stories come out, i had no choice but to release a conversation which i hate to do and hope i don't have to do it again with the lead over a country. paul: the 81st attorney general of the united states, judge, welcome. >> good to be here. p

paul: welcome to "the journal editorial report." i'm paul gigot. the impeachment battle took a dramatic turn this week with the white house counsel sending a letter to nancy pelosi saying the administration will not cooperate with the probe, claiming the house inquiry into president trump is, quote, constitutionally invalid and violates basic due process rights and the separation of power. let's bring in constitutional attorney david riff kin, he served in the white house counsel's office during the reagan and george h.w. bush administrations. from a legal point of view, what do you make of the white house statement that this impeachment probe is constitutionally valid- invalid and violates due process. >> i may not use those words but i would say it's constitutionally very troubling. to elaborate, the framers were ambivalent about impeachment power, debating whether to create it at all and who should exercise it. they understood that tremendous potential for misuse given the british parliamentary practice and the difficulty in cabining it a bit. t

paul: welcome to "the journal editorial report." i'm paul gigot.hat was house speaker nancy pelosi confirming this week she has no plans to hold a chamber-wide vote to authorize the a impeachment inquiry into president trump despite calls from the republicans and white house to do so. democrats continuing to interview witnesses behind closed doors this week, including ph fbiincludefiona hir senior advisor, michael mckinsey and the president's ambassador to the european union, gordon sondland. more interviews are scheduled for next week. let's bring in dan henninger, kyle peterson and kim strassel. dan, what did we learn this week from the impeachment proceedings and a let's start with the witnesses on capitol hill. >> well, we pretty much learned what the democrats want us to learn and what they're handing out to the press. again, the hearings are being held in secret. i mean, you had to love nancy pelosi, just the most hutspah saying she appreciates the support of her caucus, pursuing this the way they have in fairness. do you think the white hous

paul works with roberto. >> which is how parisi presented paul to the jury.bout the dna. quite possibly paul. that was found on the envelope containing the bomb diagram. excluded. would the jury see the same paul moore prosecutors saw? >> he is almost like a marvel comic book arch villain. he's bright, clever, evil as can be, and he has a flaw. his flaw is his arrogance. >> the jury retired to think about it. they were not fooled. after just five hours of deliberation they walked back into the courtroom and declared paul moore guilty of murder. the judge sentenced him to life in prison. >> i remember driving away from the courtroom and my wife and i were together and we started crying because we knew it was over. i did the job. i went in there and i did my job. i told everything i knew. and it wasn't easy because i basically put away somebody who i loved. >> pete is not so blind that he doesn't see how he was used by his boyhood playmate, the kid with whom he once spent the long, lazy days on the river. the man he treated and trusted like a brother. what do y

hey paul, do you love it? (paul) yeah. (sprintern) do you love it? (paul) i do.th clairol permanent root touch-up seamlessly blend roots in 10 minutes or try our temporary powder to touch-up on the go in 10 seconds grays are gone, without the salon clairol root touch-up making the most of family time means always having something our picky eater will love. so instead of debating about who is eating what, we can actually have a little fun. make the most of family time with pillsbury crescent rolls. - [narrator] 10-minute tasty chicken tacos. step 1: chop stuff. sfx: upbeat music sfx: beeping step 2: do stuff. sfx: goat sound step 3: eat stuff. sfx: goat sound now you can cook a healthy dinner in minutes. meet the new instant family. instant pot. sfx: beeping dinner. done. [whimsical music] i love fairy tales. ♪ i love nature. ♪ i love pink. ♪ ♪ >>> we talk of the 1970s as being a time of great personal expression and sexuality. the other thing that characterizes the 1970s is the auteur. the director being the most important figure in moviemaking. >> peter bogdonav

paul: "can you earn a living?" [laughter] david: so you started, and you worked out ofour apartment, onand you had the $1.5 milfrom , so what was the strategy that you used to get off the ground? a tiny bit of context. my dad was a retail pharmacist, d after i started attending law school, he said, "well, you have to learn how to be an investor." and he and i tra sd tiny amounts of tecks and mining stocks tother. like, $2,000 of this or $5,000 of this, so i became very, veryterests trading, and in the period of time from 1967, 1968 through 1974, he and i found just about every possible way conceivable to lose money, and so when i started elliott in 1977, i was determined to engage in a trading strategy that made money all the time, and so for the first 10 years or so of elliott's existence, the primary strategy was convertible bond hedging. buy the bond, short the stock. a strong positive carry, some trading profits. i practiced it on low leverage, and it did the job. the job meaning a consistent return, making mor

paul: right. it was a wonderful experiee, but it was a daunting experience, especially because i didn't exactly like what i was doin david: but you went to practice law in new york. in the absence of a better idea. david: ok. so i practiced law in new york initially, as well, and i practiced law in washington-- paul: sad to hear it. david: so when i gave up the practice of law mto go into business, her said, you know, "you went to law school. "what are you going to do? you don't knthing about business." what did your mother say when you said, i'm going to give up the practice of law"? id, you know, what? paul: "can you earn a living?" [laughter] dao you started, and you worked out of your apartment, and you had the $1.5 million from friends and family, so what was the strategy that you used to get off the ground? a tiny bit of context. my dad was a retail pharmacist, and after i started attending law school, he said, "well, you have to learn how to be an investor." and he and i traded tiny amounts

hey paul, do you love it? (paul) yeah. (sprintern) do you love it? (paul) i do. emreplenished,d, fortified. emerge everyday with emergen-c. packed with b vitamins, electrolytes, antioxidants, plus more vitamin c than 10 oranges. why not feel this good every day? emerge and see. ( cheers and applause ) ( band playing ) not even our competitor's best battery can match the power of energizer. because energizer ultimate lithium is the longest lasting aa battery in the world. [confetti cannon popping] energizer. matched by no one. keep being you. and ask your doctor about biktarvy. used for hiv in certain adults. it's not a cure, but with one small pill, biktarvy fights hiv with three different medicines to help you get to undetectable. that means the amount of virus is so low it can't be measured in lab tests. serious side effects can occur, including kidney problems and kidney failure. rare, life-threatening side effects include a build-up of lactic acid and liver problems. do not take biktarvy if you take dofetilide or rifampin. tell your doctor about all the medic

paul: good morning. i am paul allen in sydney. we are under one hour away from the market opens in japan and south korea. shery: i am shery ahn. welcome to "daybreak asia." paul: our top stories this tuesday, washington confirms china's top trade negotiator will be in town on thursday. the agenda will include tech transfer, intellectual property rights, and enforcement. the white house backtracks on turkey's incursion into syria. president trump warns he will smash the turkish economy. hong kong calms down after a long and difficult weekend. leadership in beijing should meet protesters. get you across some breaking news out of south korea right now. this is the current account balance for the month of august, and it is coming in, contacting on the july figure. billion. in july, it was 6.9 billion. we have seen rather disappointing export numbers out of south korea, but however, the current account remains in surplus after the chart, dipping into deficit back in may last year. it is trending a little down. the trade war is weighing

paul: welcome to "daybreak australia. i'm paul allen in sydney. shery: i'm shery ahn a bloomberg world headquarters in new york. sophie: i'm sophie kamaruddin in hong kong. we are counting down to asia's major market opens. ♪ paul: here are the top stories we are covering in the next hour. >> i think it's going really well. i will say. paul: time to talk. the u.s. and china revive stalled negotiations and will meet again friday. president trump says day one was good. the uncertainty around the talks cast few doubts on growth. the fed's robert kaplan says he's not sure the u.s. economy can avoid a severe downturn. tim cook defends apple's decision to remove an app that tracks hong kong police. he says it was being used maliciously. shery: let's get you started with a quick check of the markets. we see u.s. futures gaining .2% after president trump said u.s. china trade talks were going very well. that optimism translated into the regular session and we saw the s&p 500 game .6 percent. as we finally had the first day of those two-day negotiations ki

hours later, paul's housemates discover the horrific scene. >> the first thing you see is paul layingead of a whole head, it it's like his head is like this thick because he blew the whole front of his face off. >> she was sort of against the firewall. >> they were both naked. >> she's dead, he's dead. >> it looked like it was a horror movie, a sustained horror movie, like mannequins and fake blood. it's a picture that never goes away. a mental picture that's stuck in here forever. >> she was violently raped by paul before he killed her. >> he shot himself in the left temple, right behind his eyes and killed him instantly. >> he knew by taking her he was done. so he also took himself. >> she becomes immediately upon her death, frozen as some kind of archetype of women in hollywood and fantasy and the perils of the hollywood life. >> so young. so young. >> the real tragedy of dorothy's life is that she couldn't live long enough to tell her own story. >> reporter: she was only 20 years old when she was killed. >> reporter: when we come back, remembering the north star of congress. in a

paul: welcome to "daybreak australia." i'm paul allen in sydney. shery: i'm shery ahn a bloomberg world headquarters in new york. sophie: and i'm sophie kamaruddin in hong kong. we are counting down to asia's major market opens. paul: here are the top stories we are covering in the next hour. tech shares lead u.s. stocks higher, but there's no joy for amazon us quarterly profit fell to the first time in more than two years. pence sendsnt mike a message of support to protesters in hong kong, saying the nba has acted like a subsidiary of china's communist party. bogard -- onn bulgari. we bring you our exclusive interview from shanghai. shery: later, we bring you more on amazon's after hours stock plunge, but first, let's get you started with a quick check of markets. we see u.s. futures unchanged at the moment after we sawtek shares leading the gains on the s&p 500 which closed above that 3000 level. we had semiconductors leading the gains. the philadelphia semiconductor index gaining 2.5% after we got a positive outlook coming out of lam research. t

paul? paul: thanks.he trump administration is blacklisting eight chinese tech companies overinvolvement in human rights violation. the move comes on the very day deputy trade negotiators begin trip -- preparations for high-level talks on thursday. let's assess all of that with trade -- sarah mcgregor. what is the administration doing to restrict these companies? sarah: in similar fashion to what has been done to huawei and previously to zte, the u.s. administration is blacklisting a bunch of companies, video surveillance companies, ai companies in china. what is new about this action is previously, these blacklists have been mostly over national security grounds, concerns about the national security threats of these companies. the action would cut off u.s. suppliers to these companies as the punishment for it. in this case, they are citing human rights violations against these minority muslims. i think that this marks a new front in the trade war with the trump administration, trying to use a new excuse,

paul: and i am paul allen in sydney.eo has survived a spy scandal which saw a longtime confidant leave the bank. an internal memo says the shadowing of a former executive was deeply regrettable and has hurt the reputation. he was exonerated saying there is no evidence he knew about the plan. groups are set to be having second thoughts. -- they are increasingly undecided about worrying maintaining relationships with regulators. oversold thebook extent to which regulators were comfortable with the project. paul: apple closed within striking distance of a record amid optimism over the latest iphones. tim cook told a german newspaper a strongiphone has had start and he could not be happier. about two .5% above the all-time high a year ago. you can get a roundup of the stories to get your day going in today's edition of daybreak. go to yourubscribers terminal or on mobile. you can customize your settings so you only get news that you care about. this is bloomberg. ♪ this is bloomberg. ♪ paul: this is daybreak asia. shery: aut

paul? administration is slapping visa bands on chinese officials linked to the mass detention of muslims. it is the latest in a series of u.s. steps to pressure beijing as trade talks resume. let's bring in our senior trade editor and our china correspondent, tom mackenzie. coming ons travel ban top of the blacklist, you have got to wonder what the u.s. plan is heading into these trade talks. sarah: there is a very dark cloud hanging over the trade talks supposed to take place thursday and friday in washington, the first high-level talks since late july. in between, there has been escalation of tariffs, the u.s. has signed a limited trade agreement with japan. a lot of developments. also the eu case that was decided at the wto, so the u.s. is going to put tariffs on europe. there has been a mix of things happening. ahead of these trade talks, things were looking like the u.s. would go for a mini deal, maybe there would be progress, and these actions throw a wrench in that plan. shery: after

paul: i am paul allen in sydney. parade of earnings that drove stocks hires -- stocks higher continued after the bell. su keenan is here. -- what we have is amazon, intel and visa. the waytake a look at the market ended the regular session. what we have is a market that was swinging between gains and losses, even though a lot of earnings were positive. let's get to some of the big movers. what you see is tesla, microsoft, twitter, 3m, different directions for them. microsoft and tesla, very positive after hours yesterday. twitter and 3m, disappointing. twitter, their fourth quarter revenue outlook missed even the average estimate. 3m, continuing to blame it. the disappointing line is on a global industrial slowdown. that is what is of interest there. look, teslatake a was the big story here. 24% year to date loss. the head of the earnings was fascinating when you go into the bloomberg and look at what we are seeing now. an eight month high in the latest session. the tactical analysts are agains surprise profit earnin

paul: i am paul allen in sydney.et's get a little hong kong for what to watch in the markets for the final trading day of the week. sophie. sophie: amid more signs of slowing global growth, the reserve bank of india is in the spotlight. it will deliver a fifth rate cut to bring total using to 150 basis points since february. bond traders will be on edge. 10 year yield fell for a third straight day through thursday. the r.b.i. likely to lower gdp outlook to less than 6.5% for 2020 after growth slowed to 5% in the june quarter. that was the weakest reading since march 2013. leading indicators are not showing much in the way of recovery for india's economic growth and the r.b.i. may be under more pressure to ease steps from the government not looking like they are enough. shery. shery: president trump is stepping up his push for an investigation of joe biden and his family. first, he called on ukraine. now, he is turning to another country for help. pres. trump: china should start an investigation into the bidens. becau

paul: i am paul allen in sydney.ted in asia today, hong kong and china markets are shut. it is a public holiday in australia but there is trading. is saying equity markets are looking like they are running on vapors. he is a senior market analyst and joins us from singapore. we have seen a lot of fed easing going on. is that all agree markets have got going for them? what is going to drive the bull run longer? jeffrey: i think you've hit the nail on the head. equity markets have been pushed somewhat artificially higher by the fallen bond yields globally and the race to the bottom by central banks over the course of 2019. i think we are starting to run short of fuel, if you like, to continue this rally. the bond markets signaling that the global economy, despite the trade war, was going to slowdown in 2019 and into 2020 anyway. paul: with that in mind, how important is this earnings season? could that be a potential catalyst to reassure markets? jeffrey: i think that's the best we can hope for, to be honest. the earni

this is bloomberg. ♪ paul: good morning. i am paul allen in sydney.one hour away from the market open in japan and south korea. shery: i am shery ahn. sophie: i am sophie kamaruddin in hong kong. welcome to "daybreak asia." paul: our top stories this thursday, trade talks return under a cloud. u.s. futures slide on signs of little progress this week. one report says the chinese

paul: where do we go from here?is ahe consolidation to op up the operations by erdogan and the kurds have to cut a deal with a side and there's no way to retrieve the situation quick. >> we have to mitigate the damage was secretary pompeo in the military is doing everything they can to mitigate but d the president put them in a tough predicament. with this decision-making process instead of going through that methodical process with everything in place with the contingency planning consulting with allies in explaining this decision he went ahead on a phone call and a tree and made a very impulsive decision now everybody is scramblingul to try to minimize the consequences. paul: what do you think of the presidents invitation to come to the white house to erdogan quick. >> basically it's the wrong time i would invite the leaders of the kurds and the democratic forces to the white house for them losing 11000 people in the effort to save american lives. paul: elizabeth warren gets the front runner treatment with her dem

paul: welcome to "daybreak australia." i'm paul allen in sydney. shery: i'm shery ahn a bloomberg world headquarters in new york. sophie: and i'm sophie kamaruddin in hong kong. we are counting down to asia's major market opens. ♪ paul: here are the top stories we are covering in the next hour -- more disappointing u.s. data piles new pressure on the fed. traders are increasingly betting on two more rate cuts before the end of the year. u.s. treasuries and german bunds reinforce the sobering measures that global growth is stalling and inflation hopes are fading fast. then president trump steps up his attack on his potential election rival joe biden, calling on china to launch an investigation. later, apple made a pricey gamble on the iphone 11 camera as more people get their hands on the device, we will ask if the gamble has paid off, but first, let's get you a quick check of how markets are trading at the moment. we are seeing u.s. futures currently unchanged at the moment. it is still early in the session, but this, of course, coming after the s&

paul: good morning. i am paul allen in sydney. we are under one hour away from the market open in japan and south korea. shery: i'm shery ahn. sophie: i am sophie kamaruddin in hong kong. welcome to "daybreak asia." paul: our top stories this friday -- pres. trump: i think it is growing really well. i will say, i think it is going really well. paul: the u.s. and china revive negotiations and will meet again on friday. president trump says day one was good. the uncertainty around the talks casts new doubt on growth. robert kaplan says he is not sure the u.s. economy can -- severe downturn. they see a power play to a new brexit deal. gilts shery: jump. shery:let's get you -- gilts jump. gaining .25futures percent after positive comments coming from president trump on trade talks between the u.s. and china. themism was already felt in regular session with the s&p 500 closing .6% higher. we had banks and automakers leading the gains. it did not hurt that we got u.s. cpi members below expectations this morning, doing little to discoura

paul: thanks.he trump administration is slapping bans on chinese officials linked to the mass detention of muslims. this is the latest in a series of u.s. steps to pressure beijing just as trade talks resume in washington. let's bring in our senior trade editor sarah mcgregor and our china correspondent tom mackenzie. sarah, what more can you tell us ban coming a day after the blacklisting of chinese firms? sarah: absolutely. the two issues are linked. these blacklisting of the chinese companies and the visa bans are related to these mass the tensions of minority muslims in china and u.s. concerns about that. these come before the very crucial trade talks in washington planned for thursday and friday. chinese officials are still going ahead, but there's a much bigger dark cloud over the talks. i think a lot of these issues raised by the trump administration were more about national security concerns by the u.s. that maybe china's going to engage in espionage in the u.s. or the companies might have

paul: good morning. i am paul allen in sydney. we are under one hour away from the market open in japan and south korea. shery: i am shery ahn. sophie: i am sophie kamaruddin in hong kong. welcome to "daybreak asia." paul: our top stories this thursday, trade talks return under a cloud. u.s. futures slide on signs of little progress this week. one report says the chinese delegation is leaving early. a bloomberg scoop. president trump urged his former secretary of state to help the clients of lawyer rudy giuliani. syria.of airstrikes in u.s. senators lead the growing criticism threatening sanctions in response. shery: let's get you started with a quick check of markets appeared u.s. futures being pressured right now, down 1.2% after that south china morning post report that there was no progress made between deputy level talks between the u.s. and china. we have seen stocks pair back some of those earlier gains in the regular session in the afternoon as we have gotten another report saying that china is trying to play down expectat

♪ paul: good morning. i am paul allen in sydney.e are under one hour away from the market open in australia and japan. good afternoon. from bloomberg headquarters in new york, i am shery ahn. welcome to "daybreak: asia." ♪ top stories this thursday, stocks tumbled to their lowest since august as more disappointing data sees the u.s. economy hitting breaks. and in hong kong, months of protests crippling tourism. retail sales are falling through the floor. and the indonesian president speaks exclusively to bloomberg. widodo says no one wins in eight trade war. of thea quick check market, futures gaining, but this coming after the s&p 500 saw the biggest drop since august 23. remember, that is when president trump announced another set of tariffs on chinese goods, so we %,ve the s&p 500 lower by 1.58 with every sector lower, being led lower by energy and financials, with disappointing payroll numbers, less than expected, the august number also be a revised lower. take a look at how futures in asia are trading, a little bit on the upsid

let's back to paul. you have lived in japan for many it.s and are familiar with int kind of shape is china growth, wise. does it strengthen global growth? growth is starting to taper off a little bit in the low six's. there is always a debate about the underlying reality. but growth has come off as it would under the circumstances, but as of the moment, the wheels do not appear to be coming off the chinese economy. the reason for that is china is still an economic development story. it is a huge continental economy with 3.1 billion consumers. is that theychina are turning towards their own domestic demand. that is the tight rope they are walking. vonnie: does this protest continue -- where does it end because it seems like it is getting worse and worse. destabilizeening to more than just hong kong and financial markets there. jonathan: i don't -- paul: i don't have that crystal ball, vonnie. but with 22 years in a 50 year you have the means butcountry and two systems, there is no such agreement. the long

paul: welcome to daybreak australia. i am paul allen. shery: i am sherry ahn. we are counting down to asia's major market open. ♪ paul: the top stories we are covering in the next hour -- the world economy sounds the alarm as new data shows manufacturing, exports and sentiment stuck in a slump. auto sales stalling in the u.s. toyota sees declines. and the unrest in hong kong hurting the economy. retail sales and hotel offices tumble. tourism from china sliding more than 40%. shery: later on bloomberg technology global link, we will talk about airbnb charting an unconventional path to the public market and how vc's are looking to disrupt the ipo business. let's get you started with a quick check of the markets. u.s. futures gaining 1/10 of 1% but this after we saw the s&p 500 fall the most in about a month. we have the s&p 500 finishing below its 50 day moving average of 29.48. every sector turned to the red after we saw that we u.s. manufacturing number appeared we had industrials leading the declines, not to mention banks moving lower as we had raising pressur

hey paul, do you love it? (paul) yeah. (sprintern) do you love it? (paul) i do.omes out on friday. performing "not," ladies and gentlemen, big thief! ( cheers and applause ) ( cheers and applause ) ♪ ♪ ♪ ♪ >> ♪ it's not the energy reeling nor the lines in your face ♪ nor the clouds on the ceiling nor the clouds in space ♪ it's not the phone on the ♪ nor the furnace glow nor the blood of you bleeding ♪ as you try to let go it's not the room ♪ it's not the phone on the table ♪ nor the bed in the earth nor the bed in the stable ♪ nor your stable words it's not the formless being ♪ nor the cry in the air nor the boy i'm seeing ♪ with her long black hair it's not the room ♪ not beginning not the crowd ♪ not winning not the planet ♪ that's spinning not a ruse ♪ not heat not the fire lapping ♪ up the creek not food ♪ that you eat not the meat of your thigh ♪ nor your spine tattoo nor your shimmery eye ♪ nor the wet of the dew it's not the warm illusion ♪ nor the crack in the plate nor the breath of confusion ♪ nor the starkness of slate it's not the room ♪ not beginning

ia" on "daybreak: ♪ ♪ paul: good morning. i am paul allen in sydney.r one hour away from the market open in australia and japan. good afternoon. from bloomberg headquarters in new york, i am shery ahn. welcome to "daybreak: asia." ♪ top stories this thursday, stocks tumbled to their lowest since august as more disappointing data sees the u.s. economy hitting breaks. and in hong kong, months of

paul: welcome to "daybreak australia." i'm paul in sydney. kamaruddin inphie hong kong. we are counting down to asia's major market opens. ♪ paul: here are the top stories we are covering in the next hour -- more trade war uncertainty shakes the markets as chinese officials say they doubt a long-term trade deal with the u.s. is possible. bigger trouble back home for president trump as the house votes to back the impeachment inquiry. of protestive months in hong kong put the country and financial recession. shery: u.s. futures unchanged at the moment after we had the s&p 500 lower by .3%. we had industrials and materials reading declines. of course, we had concerns over trade negotiations between china and the u.s., not to mention the weaker than expected manufacturing number and also jobless claims rising more than expected. we did get facebook and apple rising after earnings, and that offset some of the losses we saw across the board, but it still was not enough, so we had the nasdaq falling .1% and the dow using more than 100 points. let's see how things are shaping up

paul: welcome to daybreak australia. shery: we are counting down to asia's major market open. ♪ here are the top stories we are covering in the next hour. the biggest political meeting of the year in china. president xi going to the gathering of the top leaders, the latest economic data showing signs of a slowdown. be prepared for negative growth. that is the warning from the hong kong financial secretary as the protest continues for a 21st weekend. we are standing by for election results in argentina where the president is under pressure. we will be live in buenos aires for the latest. paul: let's take a look at how we are shaping up for the start of a new trading week. higher .1%.pointing we did of course the u.s. equity markets finishing in positive territory on friday. earnings season progressing better than expectations. nikkei futures trading out of chicago, stronger by .1% and the kospi looking to be in positive territory. no trading in new zealand. new zealand markets are closed for the labor day public holiday.

traffic is being detoured off to paul avenue. right now this is going to be the spot to avoid for the morning. boulevard, you can get back on at 101 at cesar chavez. you can see traffic is backing up, so you may want to consider 3rd street and get off sooner. your best bet is to avoid this mess and consider northbound 280 from northbound 280 you can connect on to northbound 101 or stay on to head to downtown san francisco. here is the live shot. i was trying to get that for you. northbound 101. >> it's completely shut down. all lanes closed because of this fatal accident that started off with a wrong way driver. you can't connect to 280 at this point. we'll bring you more information on this. now i'm hearing from the chp, they may shut down northbound 101 before paul, closer to candlestick. at the same time they're also trying to consider opening up some of the left lanes because this fatal crash did happen in the right lanes. we'll keep you posted on this all morning long. for now, a check of the weather withdre drew it seems co

paul: i am paul allen.job cuts, new ceo and the slow down in hong kong all going to be in focus when hsbc reports third quarter results. stephen engle here to preview the bank earnings. more cost cuts on the way? stephen: it is possible according to bloomberg intelligence. could be upwards of 10,000, job cuts, not necessarily announced today but it could be in the pipeline. london,nt banking in retail operations in france and people familiar saying hundreds of workers in the middle east, north africa and turkey could be asked -- axed. that is one side of the story because the chairman believes the bank needs to improve return on capital and cost cuts are likely. they got a new intern ceo -- interim ceo. the previous one was ousted by mark tucker, john flynn. he embarked on operation -- project oak which was a cost-cutting procedure. this additional job cuts could be an extension of that project which was launched by john flint . 30% of the bank's capital was generating returns of less than 1%. this goes han