our thanks to bill ackman of pershing square.ithg up, we will check in a black owned business owner that is seeing an uptick in demand. we will also be speaking with somebody taking care of much of new york city's poor. give you my world ♪ ♪ how can i, when you won't take it from me ♪ ♪ you can go your own way ♪ ♪ go your own way your wireless. your rules. only with xfinity mobile. mark: i'm mark crumpton with bloomberg first word news. the world health organization has appointed a panel to review its response to the covid-19 pandemic. the panel will be led by the former liberian president and the former new zealand prime minister helen clark. the u.s. has accuse the u.n. health agency of mismanaging the early phase of the pandemic and colluding with china to hide the extent of the outbreak there. a warning from the top infectious disease expert in the u.s., dr. anthony fauci says seven states that have seen increases in coronavirus cases should be particularly vigilant over the labor day holiday. dr. fauci says the states aren't

you mentioned pershing square. some of them innovating on the inherent business model of the spac. kinds of innovations this year so we will see where it goes. caroline: flying eagle acquisition took draft kings going public. very much in the press today with the deal with michael jordan advising the board and adding $1 billion to the market cap. also, it's legendary because today, flying eagle doing a new spac with another gaming company. joe: let's talk to someone going through this. andrew paradise, ceo of mobile gaming company skillz. thank you for joining us. to start off, just describe what is skillz for people who are not familiar with it. andrew: skillz is building the competition layer. we are the leading mobile e-sports platform in the world. that means we are a b2b2c technology platform. allowing to build more competitive video games. in terms on the consumer side, we have a player community that andges, seeking out fair meaningful competition. 2is year, they will play billion tournaments on the platform. caroline: you have agreed to merge with flying eagle acquisition c

ofman, recently very up, pershing square capital. this is a wonderful story.he employment report out in the market gyrations, and there is also harkening back to 1851, one of the great merchant houses of history. louis dreyfus has been taken out. says dray-fus. i'm sorry. they have reached out to abu dhabi. capital.ooking for new that will be a story to watch, particularly for the continent here in the coming days. we have a story to watch, and that is jobs at 8:30. we are thrilled to bring you catherine mann of citigroup. that will be most extraordinary on this odd jobs report. futures now up 20. stay with us. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast busines

bill ackman of pershing square capital management told bloomberg the market uproar we saw yesterday isprising giving the current uncertain landscape and high valuations the u.s. is facing. end, iteginning of the is not, but we are coming on one of the more uncertain times in america's history. we have a divisive presidential election coupled with a virus that has had a huge impact on the economy and the markets have been strong since the third weekend in march. it is not surprising. valuations, technology landscape, got into some extraordinary levels. i think it is not a surprise. i don't think it is any indication of the beginning of the end, but markets don't like uncertainty. we have an election in 60 days where it is a tossup who will be the next president and the policies, whether it is trump or biden, what it means for the country and corporate america and taxation. these are uncertain issues and animating markets. >> you have said it would not change your investment position a matter which person was to be president. are you changing your response on that now? will there be diff

coming up later on this morning, bill ackman, pershing square capital ceo. a lot of headlines around his interest in airbnb. what will he have to say about that? that is at 1:00 p.m. in new york, 6:00 p.m. in london. this is bloomberg. ♪ ♪ tom: "bloomberg surveillance." good morning from new york, london. actuallyeteriorate, -14, dow futures -47, even nasdaq showing some read this morning. we will look to that in the claims report. right now, he has the most difficult job at bloomberg. llsry day, there is 422 po that come out across this great nation. we measure the unmeasurable and the measurable with a margin of error. our chief margin of error correspondent is ryan. he joins us right now because he is the poll guy at bloomberg. i know you have never seen it like this. what is the biggest mistake we make now when we get into a poll frenzy this early in the final campaign? what everyone needs to do while looking at the polls is take a deep breath and look at the averages. what we see a lot of right now is that there are daily different polls coming out and

pershing square capital ceo after that headlines inund airbnb at 1:00 p.m. new york and 6:00 p.m. in london. this is bloomberg. ♪ tom: good morning. anna edwards in for francine lacqua, and tom keene in new york. with us is jordan rochester. to of the themes going in come is at tomorrow decline in aggregate demand. what is the history of what the u.s. dollar does if you see a decline in global aggregate demand? jordan: that's a tough question because it's relative to foreign exchange. the u.s. is seeing a decline in global demand come the u.s. is outperforming, the dollar strengthens. it tends to happen in recessions when the u.s. bounces back relatively quickly to its european peers. this is a little different. you have seen a falling global demand, but not so much in europe versus the u.s. where it is suffering from the higher case count of covid. in this case it is why the dollar is weakening, and i think that plays out. -- plays out in the months ahead. odd the word i'm using is is well. where's the odd that in foreign-exchange? there's always a one-way bet somewhere. is it st

francine: that was bill ackman of pershing square capital management. a big selloff in the u.s. in the nasdaq and also s&p. europe, actually making short work of attack -- of the tech correction. markets are gaining. the s&p 500 futures are fluctuating a bit, but 0.3% higher. treasuries and the dollar are steady. and it is jobs day as well. this is bloomberg. ♪ give you my world ♪ ♪ how can i, when you won't take it from me ♪ ♪ you can go your own way ♪ ♪ go your own way your wireless. your rules. only with xfinity mobile. ♪ francine: tech tumbles. the nasdaq closes down almost five -- almost 5%. the focus will turn to the jobs report after u.s. unemployment claims figures get a mixed reading of the labor market. later today, we will be joined by larry kudlow. market jitters are to be expected, considering corporate valuations and the close proximately to the presidential election. good morning, everyone. this is "bloomberg surveillance ." francine lacqua in london. tom keene is a new york. of course, it is u.s. jobs day. we hope it will give us a clear

william acxiom, pershing square -- look for that this afternoon.is bloomberg. ♪ ♪ jonathan: live on bloomberg tv for audience worldwide, good morning, good morning to wall street. "the countdown to the open" starts right now. equity futures negative on the s&p 500, down .5%. we begin with the big issue. , the economic recovery continuing. >> the economic data looking better is fueling this rally. >> the markets have rallied strongly. >> a rally from the low set in march. >> i keep looking for a to get bearish. >> data shows economic recovery. >> it is very noisy. >> you could start to see the economic data so often. >> important to see this rehiring continue. >> all eyes will turn the labor markets over the next few days. jonathan: that starts right now, with the payrolls report 23 hours in 30 minutes away. on

jonathan: bill ackman of pershing square on how markets don't like it.l, markets have been ok with attentive uncertainty over the past five months. that's for sure. equity futures are declining, -- down on the s&p down on the&p, nasdaq 1.2%. tom: real instability in the markets here, which gives us time to focus on what. -- ron washington -- focus on washington. yesterday evening, jeffrey goldberg of "the atlantic" dropped a bombshell on president trump. the president so angry he immediately responded, giving us perspective on the president in the fields of france. of jeffreye goldberg, widely esteemed by all, is "four people with first-hand knowledge." who could those four people be? kevin: the president has hit back against this. this is a report that came out comments fromo unnamed sources. i will leave it to his reporting. from a political standpoint, it gives both of the campaigns an opportunity to talk about how they would handle veterans affairs issues, and i think you immediately saw the president's reelection campaign jump into do that. i would

that was bill ackman of pershing square capital management talking about valuations in these markets. a bloomberg business flash. for that, we go to our studios here in london with laura wright. laura: they want to hire workers to handle the holiday search of packages. the career has added thousands of workers to keep up with demand, as consumers are more and more online due to the pandemic. they are expanding sunday delivery to 95% of americans. a new way to lure office workers back to shops, a subscription service, offering as many as five coffees a day for 20 pounds a month. it launches tuesday and customers will be given the first month free. they announced they cut 2800 jobs. that your public -- bloomberg business flash. matt, anna? anna: laura right here in london. let's talk about m&a, specifically in spain. two of spain's biggest banks are exploring a merger. they are considering an allshare combination. it would be one of the biggest deals yet in the banking sector. in a country particular hard-hit by coronavirus. joining us now is finance reporter, charlie devereaux. good mo

ofnne: that was bill ackman pershing square capital management, speaking to vonnie quinn exclusively.eadlines, we will talk about fedex. they plan to hire 70,000 seasonal workers to handle a holiday surge. there is delivery demand at unprecedented levels. they already added thousands of jobs with shipments spiking 27% from last year. sunday deliveries will be extended to 95% of the u.s. population. bridgestone is said to be weighing the sales of the firestone buildings product -- building products unit. firestone is part of bridgestone americas. ofy have a reported profit 250 million dollars and may attract interest from private equity firms in the roofing business. market-wise, looking at tech stocks after the nasdaq 5%, tencent to porphyry .or his sent -- 2.5% down mirroring what is happening on wall street. red, dragging down major markets. hang seng 1.6% to the downside as we see global equities pulling back from all-time highs . just as we did see the strong run-up showing signs of broadening into other sectors, there we go, others not spared. not much green out there. this is bl