♪ ritika: michael: -- ritika: time for the bloomberg business flash.vmh has countersued tiffany weeks after pulling out of its planned purchase of the jeweler. the luxury goods maker says its decision was driven by the french government's request to delay the deal's closing. lvmh also accused tiffany of mismanagement during dependent. a trial is set in delaware to determine whether lvmh must go through with the deal. that is your latest business flash. alix: thanks so much, ritika. bernstein saying that lvmh is ready to fight its corner and get on with this legal challenge. the idea is that it will still evolve into some kind of compromise, but a discount price. but how does a company merged with another company in the middle of all of this? guy: it probably takes the edge of the relationship going forward, doesn't it? i'm sure where there is a will, there is a way, but if this is a

ritika gupta. ritika: it was billed as the first presidential debate, but in cleveland things quickly slipped into chaos. insults drowned out ideas. at one point president trump and joe biden battled over the coronavirus. it was a: he knew deadly disease. what did he do? he's on tip acknowledging he knew it. he said he did not tell us or give people a warning because he did not want to panic the american people. you don't panic, he panicked. pres. trump: we've done a great job. the only thing i haven't done a good job, that is because of the fake news. they give you bad press. they give me bad press. they give you good press, they give me bad press. i don't care, i have gotten used to it. you could never have done the job we did. mr. biden: i know how to do the job, i know how to get the job done. pres. trump: you didn't do very well with swine. ritika: chris wallace kept trying, mostly in vain, to control the conversation. plan2.2 trillion to most is aimed at breaking talks with the republican adm

[laughter] here is ritika gupta. ritika: the u.k. government is telling the public to work from home if possible. it comes alongside new restrictions for bars and restaurants that will have to close by 10:00 p.m. the prime minister is holding a meeting this morning before briefing parliament. he will then make a broadcast to the nation at 8:00 p.m. the u.s. and china are staying on the sideline of a vaccine packed. the initiative to declare a vaccine all around the world is moving to the next phase. over 150 countries and regions including -- regions are taking part. the goal is to have 2 billion doses available by the end of 2021. you efforts to put pressure on president lukashenko are on pause. dozens of officials -- bubbles up over how to handle turkey's energy claims. signhenko has refused to desiccants belarus unless there was an eu blacklist against turkey. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. tom: thanks so much. let's

ritika -- wolfango: i take a different view here.hink there is a major risk of international crisis escalation. the want to keep an eye on would be what is going on in the eastern mediterranean between turkey and greece on one side, on.t and israel and so a lot of military hardware being deployed in a small piece of sea, something can go wrong. so let's keep an eye on that one. in terms of russia, germany is upping the ante. merkel is taking the lead. much will depend also on whether putin will be willing to act on the belarusian front. there is a connection there between the nord stream, nowotny, and russia -- navalny and russia. the other issue to keep an eye on, in my view, is covid. if you look at the numbers coming out from various european countries, including the u.k. -- for example, yesterday it is 8000 cases more. you look at what is going on in spain and france, the trajectory is up, and that is going to be the next challenge between now and the end of the year. tom: wolfango piccoli, thank you so much. we will do this agai

ritika: with the first word news, i'm ritika gupta. treasury secretary steve mnuchin says the economy urgently needs more stimulus to rebound from the coronavirus. he says he initiated talks with speaker nancy pelosi to try to get negotiations going again. republicans have been putting together a narrow $500 billion briley's package. policy want -- billion release package. pelosi want much larger packages. president trump spoke while meeting with police in kenosha, wisconsin. man inthere shot a black the back during unattended arrest. last week, two demonstrators were killed for joining a protest. a national poll shows joe biden leading president trump 49% to 41%. biden also had strong support from nonwhite voters and those who lived in large metropolitan areas. officials say that china is closer to joining the u.s. and russia as the only nations capable of deploying nuclear weapons in the air, on land and sea. aide to outgoing prime ministers shinzo lobby has formally announced his bid to replace his boss. powerful forces in the rulin

here at the first word news is ritika gupta.itika: president trump says he plans to pick the replacement on the supreme court for ruth bader ginsburg by friday. he says he wants to see a vote for confirmation before november 3. he says he will likely pick a woman. the united states is about to reach a grim milestone. the number of covid-19 related deaths is approaching 200,000. former fda commissioner scott gottlieb says he expects the u.s. to experience "at least one more cycle of the virus in the fall and winter." more than 906 to 1000 people around the world have died from coronavirus. health officials say the u.k. is on course for 50,000 new coronavirus cases a day by mid-october if urgent measures aren't taken to prevent the spread of the disease. prime minister boris johnson is widely expected to set out for the restrictions tuesday, although health secretary matt hancock says the government wants to avoid a second national lockdown. the health secretary also says johnson has fully recovered from the virus, which put him i

ritika: with the first word news, i am ritika gupta.night's presidential debate made one thing clear, the two candidates cannot stand each other. president trump and joe biden hurled insults. biden? everyone knows he is a liar. trump: you are the liar. last in his class. wrong guy, the wrong night, the wrong time. president trump: you agreed with bernie sanders. mr. biden: there is no manifesto. president trump: you just lost the left. you agreed with bernie sanders on a plan. mr. biden: you have any idea what this clown is doing? ritika: moderator chris wallace of fox news try to stay in control but had little success. the trump administration reportedly is widening immigration enforcement arrest. the rays would take place in cities and jurisdictions that have adopted sanctuary policies. underlining the president's law and message. counteringley is demands the coronavirus will crush the demand for office space. bloomberg is reporting the bank is looking for a new headquarters in london. it is looking to move from its current premises i

this is bloomberg. ♪ ritika: this is "bloomberg surveillance." i'm ritika gupta.ther tosidering buy into a ride-hailing joint venture between bmv daimler. bloomberg's learned there have been early-stage talks. the challenging market could make it ethical to agree on a price. lvmh countersued tiffany weeks after pulling out of its purchase of the jeweler. the luxury goods maker said the decision was driven by the french government's request to delay the deal making. a trial is set in delaware to determine whether lvmh must go through with the deal. francine: thank you. there is not much going on in the markets. a couple market participants are focusing on the potential stimulus that could be coming from the u.s. it could be underwhelming in terms of the amounts. at the same time, they are looking at the number of increases in cases around the world. also looking at overall european stocks. they are pretty range bound, but they are dropping. looking at banks and cyclical stocks down. tom: just moments ago, the turkish lira dropping like a rock. a stronger turkish li

right now, ritika gupta. last night's presidential debate in cleveland made one thing clear, the two candidates can't stand each other. president trump and joe biden hurled insults throughout the hour and a half long event. >> everybody knows he's a liar. >> you're the liar. [indiscernible] >> i want to make sure -- >> mr. president, can you let him finish? >> he doesn't know how to do that. you picked the wrong guy. >> you agreed with bernie sanders. >> there is no manifesto. >> you just lost the left. >> number 2 -- >> you lost the left. you agreed with bernie sanders on a plan -- [indiscernible] chris wallacetor of fox news trying to stay in control but had little success. the trump administration reportedly has wide-ranging immigration enforcement arrests last month. -- next months. in rates will take place cities that have sanctuary policies and is seen as amplifying the president's law & order campaign message. amongan and united several carriers taking moves to stay afloat. 7.5 --oans are capped at $7.

i am ritika gupta and this is bloomberg. ritika.: thank you, we will talk about belarus shortly.the former prime minister of sweden at 6:30 york.:30 a.m. in new this is bloomberg. ♪ tom: "bloomberg surveillance," and good morning everyone. futures up 16, dow futures up 199. at 33, butarling decidedly weak over the last number of days. it's a spectacular book, richard hoss's the world. it's a required walk through the history of economics in this case. ato, i can't say enough about the book. the secret for the book is like lagarde, to france, to washington. she grew up in princeton, was forced at gunpoint to study physics by her father, and we are thrilled to have her join us, even though greatly associated with england and the continent of europe. income -- to explain why income replacement or relief is so difficult for all in the western world and particularly difficult for your united states of america. mariana: first of all, i did not study physics. i wish i had. my father does nuclear fusion and argues the only hope we have [inaudible] let's not go down that line. income supp

this is bloomberg. ♪ ritika: time for the bloomberg business flash. i'm ritika gupta.torye biggest offer for a japanese company. the company will spend $40 billion to buy shares it doesn't own. that represents a 40% premium. it is a move that may help the prime minister push to lower phone bills. billionaire peter thiel will even aftert grip shares of his data mining company begin trading tomorrow. he will have full control over any individual or investor group, and an unconventional awarding structure will award additional power to thiel and gratuity. that is your bloomberg business flash. guy: thank you very much, indeed. i need to clarify something which i got wrong a moment ago. armenia is saying a turkish f-16 shut down one of its jets, a russian jet. this is according to the news agency. i incorrectly had the fighting the wrong way around. according to the report, the pilot of the jet was killed. as a result of which, we are seeing the turkish lira at a fresh record low. the other piece of breaking news we just started to get over the last few minutes is details

i am ritika gupta, this is bloomberg. bonds, currencies, commodities, it's an ever lessening of the real yield. a record low, but a huge negative real yield. higher,d space is yields are remarkable with what we saw through august. 1.50 on the 30 year bond. the vix is magical. the vix, 25 .88 shows the dislocation that we see on this first day of september. francine: i can't believe it is september already. low,ollar at a two-year moving commodities. fuelingr dollar commodities. below in london just 6000. i wanted to show you the yuan. since 2019. highest we had some good chinese manufacturing data indicating exports are underpinning our recovery. we will start strong talking about dollar and some of the currencies. let's get straight to jean freda. thank you so much for joining us. weaknesslook at dollar , is this in part because of what we heard from inflation targeting from the fred yesterday or is there debt from the fed or is there something i don't think it was something new yesterday, it was how the change in the fe

ritika: good morning. republicans are pushing back against donald trump's refusal to commit to a peaceful transfer of power. mitch mcconnell tweeted "the process will be orderly, just as it has been every four. years since 1792 also -- every four years since 1792." the senate also committed to a peaceful transfer of power. democrats have started drafting a new stimulus proposal that could get past the house next week. smaller than the package the house passed in may, it is still larger than senate republicans say they can expect. president trump said he will go as high as $1.5 trillion. in the u.k., rebel members of the conservative party are threatening to seize the parliament to block new coronavirus rules. at least 40 tories have put their name to an amendment wiping out the government majority on the issue. it comes as the commons is due to review the pandemic legislation six months after it was enacted. the move would still need opposition backing. global news 24 hours a day, on air and on quicktake b

good morning. ♪ ritika: this is "bloomberg surveillance."the biggest tender offer in history for japanese come summer -- company. its mtt on turning wireless unit into a subsidiary. the company will spend $40 billion to buy the shares it does not own. that is a 40% premium. whether is considering to supply a joint venture between dash and daimler. bloomberg has learned there have been early-stage talks. a challenging market could make it difficult to agree on a price. lvmh has countersued tiffany weeks after pulling out of its planned $16 billion purchase of the jeweler. the luxury goods maker says the decision was driven by the french government request for a deal closing. lvmh accused tiffany of mismanagement during the pandemic. january, a trial is set in delaware to determine whether lvmh can continue with the deal. that is the bloomberg business flash. tom: equities, bonds, currencies, commodities. it matters even when it is a slower day, and it is. futures negative six, dow futures -52. and the vix i will call a churn at 26.85. 10-year

let's get to first word news in new york city with ritika gupta. says one of his top officials is wrong when it comes to the coronavirus vaccine. cdc director robert redfield said the vaccine will be distributed in late spring or early summer next year. trump disagrees. he says the shot will be available as early as october. president trump is moving closer to a bipartisan plan for more stimulus spending. the president said he likes the trillione, $1.5 proposal of a bipartisan group of house members. he urged senate republicans to "go for the higher numbers." there has been a months long deadlock over the coronavirus relief bill. boris johnson has made a key concession over his controversial brexit lawbreaking plan. he agreed to give the house of commons veto power over whether his government can override parts of the brexit divorce treaty. members of his own conservative party have threatened to rebel against johnson. is harder to solve now, the coronavirus pandemic or climate change? erik schatzker posed a question to billionaire philanthropist b

. ♪ ritika: with the first word news, i'm ritika gupta.sident trump and joe biden go head-to-head for the first time tonight in the opening presidential debate in cleveland. the president has unwittingly done biden a big favor. he has lowered biden's expectations for performance, by painting biden as sleepy, doddering, and senile. that may lower the bar for many who have not seen him since the convention. house democrats are making another run at a coronavirus stimulus package. they released a scaled-back $2.2 trillion proposal. the legislation is designed to move along talks between house speaker nancy pelosi and treasury secretary steven mnuchin. the house could vote on it this week on it this week. more coming out from "the new york times" on the president's tax revelations. it says "the apprentice" of trump a false image as a real estate mogul. the white house calls it a hit piece. the u.s. may target more than a dozen banks and declare the entire sector off-limits. the goal is to cut off iran's economy from the outside world, except i

this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta.nights presidential debate in cleveland made one thing clear, the two candidates can't stand each other. president trump and joe biden hurled insults throughout the hour and a half long event. mr. biden: everybody knows he's a liar. pres. trump: no, you are the liar. you graduated last in your class. >> mr. president, can you let him finish? mr. biden: he doesn't know how to do that. pres. trump: you'd be surprised. go ahead. mr. biden: you picked the wrong guy at the wrong time. pres. trump: you agreed with bernie sanders. >> let him speak. please let him speak, mr. president. mr. biden: he just lost the left -- pres. trump: you just lost the left. you agreed with bernie sanders on a plan -- mr. biden: do you have any idea what this clown is doing? lisa: moderator chris wallace -- ritika: moderator chris wallace tried to stay in control. according to "the washington post," raids will take place in jurisdictions that have adopted so-called sensorial policies, any move seen as amplifyin

ritika: with the first word news, i'm ritika gupta. a political fight brewing on capitol hill following the death of supreme court justice ruth bader ginsburg. president trump plans to nominate a replacement this week and says he will probably choose a woman. democratic leaders say the post should remain vacant until after the presidential election. justice ginsburg died friday. she was 87. jerome powell and stephen mnuchin will be grilled by lawmakers tuesday on the need for more stimulus to shore up the u.s. economy's recovery from the coronavirus slump. the focus of the house financial services committee hearing will likely be fiscal policy. time is running short for congress to agree on another round of stimulus measures before it shuts down ahead of november's election. a woman suspected of sending an envelope to the white house containing the poison ricin was arrested over the weekend. she was taken into custody at the canadian border while trying to enter into the united states. officials say her arrest comes nearly a year after

ritika: with the first word news, i'm ritika gupta.enate republican leader mitch mcconnell is setting up a vote tomorrow and his party's latest virus relief bill. it is a proposal designed to break the lock down with democrats in the house. the republican bill will cost up to $700 billion. that is a far cry from the $2 trillion relief package. fauci says it is unlikely that i coronavirus vaccine will be available by election day. president trump has hinted that a vaccine could be ready by then. that has skeptics concerned that politics will influence regulatory decisions on immunization. in the u.k., prime minister boris johnson will ban all social gatherings of more than six people. to 3000 per day is prompt and johnson to act. there will be exceptions for organized sports, plus people getting together for work, weddings and funerals. bond market guru jeffrey the fed policy actions are distorting asset values. his views reflect skepticism about the market connection to economic realities. lvmhh luxury goods maker calling off a $16 bil

ritika: with the first word news, i'm ritika gupta. the timing on this may raise some eyebrows. the cdc has told states that a coronavirus vaccine could be ready by november 1. that is just two days before the presidential election, an aggressive goal that would depend on shots being tested and reviewed by then. president trump's political future hinges on the response to killed.s that has . almost 185,000 americans new polls -- has killed almost 185,000 americans. new polls show joe biden leading in swing states. wisconsin,he edge in north carolina, and arizona. in all three states, biden shows strength amongst women and suburban voters. secretary of state mike pompeo has proposed new limits on chinese diplomats in the u.s. the curve has to do with meetings with local officials and cultural events. the u.s. is taking the steps to match chinese limits on american diplomats. china is moving to counter trump administration restrictions on semiconductors. beijing plans a sweeping new set of policies to build up the overtics chip industry

let's get to first word news with ritika gupta. ritika: no murder charges in the fatal shooting of breonna taylor . a kentucky grand jury chose not to file the indictments against any of the police officers involved. a single officer was charged with wanton endangerment for firing into neighboring apartments. the decision has sparked outrage and renewed violence. at least two police officers have been shot. president trump says the supreme court will likely have to decide the outcome of the november election. he's arguing he needs to confirm a new justice to replace ruth bader ginsburg. he's casting doubt on the validity of the election, reiterating his criticism of mail-in voting. idea of challenging the virus is gaining. the study speeding up research but raises ethical questions about exposing people to a potentially fatal virus. global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more i'm ritikauntries, gupta. this is bloomberg. tom: equities, bonds, currencies, c

i'm ritika gupta. this is bloomberg.lix: the pound going nowhere on that after the chancellor of the exchequer announced that scaled job support. going to me from london is jane foley, rabobank head of fx strategy. jane: most of the reaction we have seen in cable is because of dollar strength. in terms of the news from the chancellor today, a lot of it had already been in the press. we had known for quite a long time that this furlough scheme was going to end. we also know there's been a lot of opposition to extend it, so we knew that whatever we got wasn't going to be as much of a spender at the furlough scheme. i am sure there's plenty of disappointed for a lot of people, and certainly there's clearly theut concern is not really wanting to create room for more zombie companies in the medium-term. alix: is that a good thing longer-term? jane: it depends on your point of view. there's a massive social cost, and the likelihood is there's going to be an awful lot of people unemployed as a consequence of this. it is very di

i'm ritika agrippa. this is -- i'm ritika gupta. this is bloomberg. ♪ >> i'm not going to get into the particulars. there are many possibilities that we could go through. i've indicated that what i intend to do is to proceed with the consideration process, and if a nominee actually reaches the floor, then i will vote based upon the qualifications of that nominee. jonathan: senator romney of utah. when he announced that just yesterday, the market did respond quite briefly. futures in equities over just a little bit. the past clears a little bit more for republicans to fill that vacancy. .4% onfutures up 12, 0 the s&p 500. cross asset worldwide, from new york and london, good morning to you all. in the bond market, yields go nowhere. get used to that. i have no idea what it takes to rake out of this range. we will talk about it for the next couple of hours. 0.67% is your 10 year yield. euro-dollar, $1.1709. the data is interesting though. manufacturing was ok. services really was not. a lot of people will keep a key in -- will keep in

ritika: with the first word news, i'm ritika gupta. president trump won't extend the deadline for tiktok's u.s. operations to be sold. the president said if bytedance can't sell the u.s. unit issa temer 15th, -- unit by september 15, it will be shut down. officials have been debating whether to extend the deadline. bloomberg has learned a deal was unlikely by next week because new chinese regulations complicated negotiations with macro soft and oracle. the fda s with microsoft and dru -- with microsoft and oracle. the fda will require more data than usual about how well a vaccine shot works, trying to reassure the public that they will not given to political pressure to approve a vaccine prematurely. tesla plans to ship cars made at its factory in shanghai to other markets in asia and europe. bloomberg has learned that china built tesla model threes intended for delivery outside the country will likely start mass production in the fourth quarter. targeted markets include singapore, australia, new zealand, and europe. president trump an

." ♪ ritika: with the first word news, i'm ritika gupta.resident trump and joe biden go head to head for the first time tonight in the opening presidential debate in cleveland. the president has unwittingly done biden a big favor. he has lowered expectations for biden's performance. the president has spent months painting biden as sleepy, data ring and senile. that may -- sleepy, doddering, and senile. that may have lowered the bar for his performance. democrats have released a scaled-back 2.2 trillion dollars proposal to support the u.s. economy. the legislation is designed to move along talks between house speaker nancy pelosi and treasury secretary steven mnuchin. if they cannot agree on a deal, the house could vote on a bill this week. more details coming out from the "new york times" investigation of president trump's taxes and income. he earned $427 million from his role on "the apprentice, and the show projected the false image of a successful real estate mogul, which eventually helped him win the white house. the administration call

i'm ritika gupta. this is bloomberg. ♪ >> i would say to you sensible, efficient, targeted measures might be helpful. i don't think we need another gigantic, multitrillion dollar package. jonathan: very little sign in washington of the spread between democrats and republicans coming in on fiscal stimulus. on this thursday morning, price action shaping up as follows on the s&p 500. a little bounce off the lows of the last hour. we are -0.3%. we will talk about that a little bit later as we count you down to the open bell. story atnd market, the the moment, there isn't one. market, crudety just south of $40. $1.1647.ar, claims,minutes from it's been underplayed in the news flow today, we forget that 800,000 plus is onyx of double -- is on a separable. jonathan: totally on except -- is unacceptable. jonathan: totally unacceptable. the argument most people are making still, both republicans and democrats, we need to do more. the spread just happens to be one trillion sword -- happens to be $1 trillion or s

i am ritika gupta.nt trump faces new scrutiny on his personal finances just weeks before the election. according to the new york times, president trump $750 in u.s. income taxes in 2016 and 2017. the paper says the reported losing millions of dollars on his golf courses and reportedly has hundreds of millions in debt that will come through the next few years. president trump called the report fake news. want a confirmation fight over amy coney barrett to be about policy, not personality. they are focusing on what they see as a winning election issue, the future of obamacare. republicans are trying to get barrett confirmed in time to hear a case that could determine the future of the affordable care act. the case comes just after the election. almost one million people have already voted for president according to the university of florida professor michael mcdonald, who has been compiling data on mailing and early voting. he calls the number jaw-dropping and gives the credit for changes in state laws on

ritika: good morning. the deadline for -- the president says if the bytok corporate cannot sell september 14, it will be shut down. bloomberg learned a deal is unlikely by next week because new chinese regulations complicated negotiations with bidders, microsoft and oracle. the usda's telling drugmakers they will have to meet a higher standard. emergency authorization for coronavirus vaccines. the agency will require more data than usual about how well it works. officials are trying to reassure the public they will not get politicalve into pressure to approve a vaccine prematurely. prime minister boris johnson's government turned down an e.u. request to scrap his plan to rewrite the brexit divorce agreement. that risk jeopardizing assets to get a trade deal between the two sides before the december 31 deadline. president trump and joe biden will mark the 19th anniversary of the 9/11 attacks in the same place but not at the same time. the president will attend a memorial service in shanksville, pennsylvania

ritika: with the first word news, i am ritika gupta.sident trump will preside over the signing of a historic diplomatic deal between israel and two arab states. the president and his allies hope it will give my a boost ahead of the election. the leaders of israel, bahrain, and the uae will sign the agreement at the white house. the west coast wildfires have now become a campaign issue. president trump in california. -- president trump and california state officials disbarred over whether climate change is contributing to the blazes. the president insists poor forest management is the culprit. joe biden call the president a climate arsonist and warned against giving him four more years in office. the trump campaign says that has ramped up television and spending by about 50%. the new ads will focus on the economy and will run for the most part in the battleground states where president trump is in a tight race with joe biden. in baseball, millionaire investor steve cohen has a deal to buy the new york mets. he reached a deal with a firm

here is ritika gupta.giant -- ritika: fires are releasing unprecedented amounts of carbon dioxide and pollution into california and oregon. the smoke is so thick it can be seen as far away as new york. the wildfires have killed dozens of people and destroyed more than 5 million acres across the west coast. hisident trump is promising long-awaited replacement for obamacare is all ready. the president made the statement in a contentious town hall event on abc last night. he has repeatedly promised his health care plan would be introduced in a couple of weeks, only for the deadlines to comment go. a new report from congress rips boeing over those two 747 mavs crashes. thestigators concluded disasters occurred because of sweeping failures by boeing engineers, deception by the company and significant errors in government oversight. boeing says it has taken steps to improve safety. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 cou

ritika: with the first word news, i am ritika gupta.ongressional democrats are weighing the next steps after president trump backs a bigger stimulus plan. some are putting pressure on nancy pelosi to bring a new relief will up for a vote. pelosi says some lawmakers do not want to advance any legislation until they have an agreement with the trump administration. president trump announced $13 billion in new farm eight at a rally in wisconsin. the move has been widely anticipated. wisconsin is critical to the president's chances and he is trailing in the polls joe biden -- in the polls. joe biden is drawing a sharp contrast between his middle-class upbringing and president trump's wealth. the stateo voters in of pennsylvania where he was born. he returned to scranton for a cnn town hall meeting. he said the campaign as a campaign between scranton and park avenue. the federal reserve may extend the restraints on dividend payments and share buybacks. it is now conducting stress test, regulators and poster cap in june when the fed said there

ritika: with the first word news, i'm ritika gupta. president trump won't extend the deadline for tiktok's u.s. operations to be sold. bytedanceent said if can't sell the unit by september 15, it will be shut down. officials have been debating whether to extend the deadline. bloomberg has learned a deal is unlikely by next week because new regulations complicated relations between bitter microsoft. that's between b -- between bidder microsoft. officials are trying to reassure the public that they will not given to political pressure to approve a vaccine prematurely. in the u.k., prime minister ants to breachw international law and rewrite the brexit deal. and, meant to the bill would give parliament -- an amendment to the bill would give parliament a veto. both sides say they want a trade deal, but time is an issue. the transition phase ends in december. built tesla model threes intended for delivery outside the country will likely start mass production in the fourth quarter. the markets include singapore, new zealand, and europe. bide

ritika: with the first word news, i'm ritika gupta. treasury secretary steven mnuchin says the economy urgently needs more stimulus to rebound from the coronavirus. he says he restarted talks with nancy pelosi to try to get negotiations going again. senate republicans have been putting together a narrow $500 billion really package. policy once a much larger deal -- billion relief deal. pelosi wants a much larger deal. president trump went to kenosha, wisconsin after police shot a black man in the back follow and attended arrest. two people were killed during a protest. a national poll shows joe biden leading president trump 49% to 41%. it shows biden doing well among women, especially suburban women. biden also has strong support from nonwhite voters and those who live in large areas. a warning from the pentagon, officials say china is close to joining the u.s. and russia as the only nations capable of missiles onclear air, land and sea. in japan, it paid to outgoing prime ministers shinzo abe has -- in japan, and aid to outgoing prime

i am ritika gupta. this is bloomberg. ♪ >> markets are always, always too pessimistic about recovery from a crisis. this is no different the previous crisis. they have failed to predict demand, the speed of consumers, in the face of a challenge. jonathan: we will speak to a man who did not believe things would not snap back quickly. he believed they would. that was paul donovan of ubs. in just a moment, i am looking forward to that conversation. several hours after that, you will hear from the federal reserve and chairman powell. euro-dollar $1.1860. the renminbi strengthened overnight, and the bond market at a single basis weight at 0.67%. $39.12, just south of $40. tom mentioned it i moment ago, several months ago, you had to be constructive on this economy. there was almost a social stigma attached to it, because you sounded somewhat crazy. moves ton, data has the upside pretty consistently, and a small fragment of wall street, tom, you have got to say, they got it right. tom: jon, the resiliency of

this is bloomberg. ♪ ritika: this is bloomberg markets. i am ritika gupta.ring totival focus on key issues of climate action. let's check in on the bloomberg first word news now. i am ritika gupta. oracle has confirmed they are part of the tiktok proposal submitted to the u.s. treasury department. the proposal calls for oracle to be the close, trusted technology advisor. this is after bytedance is under pressure to sell off american operations. steven mnuchin expects a national security review of the deal this week. tropical storm sally is taking aim at new orleans and southeastern louisiana and it can turn into a hurricane and is likely to make landfall tomorrow morning, making it the second length -- hurricane to hit louisiana in a month. sally has led to evacuations on some energy platforms in the gulf of mexico. president trump's campaign is scaling back television advertisement in some states because of a cash crunch. thewo battleground states campaign did not run ads. bid --is making another i mean on medics makes a promising breast cancer therapy. mea

♪ news, ritika word gupta, on capitol hill, a long shot attempt to break the deadlock over another coronaviruselief bill. a 15-member crew will unveil a $1.5 trillion stimulus package today. it also compromises on the two to state issues, aid and global government and supplemental unemployment insurance. hurricane sally slowed slightly overnight in the gulf of mexico. it has been downgraded to a category one hurricane with winds of 85 miles an hour. sally will make landfall tonight or early tomorrow. exactly where is difficult to say. the hurricane warning will extend from new orleans to the florida panhandle. there are fears the hurricane will bring a deadly storm surge and flooding. bill gates used to think of the fda as the premier authority. not anymore. the banner discussed

guests there, including rebecca patterson of bridgewater, saying complacency into october, ramp it up ritika: . right now -- ramp it up. right now, we welcome all of you. it is simply a monday friend from what we knew friday. jonathan: it is not a quiet start to this monday morning. equity futures down hard. a bid into the bond market. stronger japanese yen. everything you would expect to happen on a risk off monday is happening. when you look to europe and the prospect of tighter restrictions around some of these economies, look no further than travel stocks. break it down sector dissector. travel stocks down 5%. tom: what i find just extraordinary here is it is not just about the future of the

right now here is ritika gupta.a: congressional democrats are weighing the next steps after president trump backed a bigger stimulus plan. some are keeping pressure on how nancy pelosi could bring a new relief bill up for a vote. pelosi says some lawmakers do not want to advance any legislation until they have an agreement with the administration. president trump announced $13 billion in farm aid in wisconsin. the move had been widely anticipated with -- wisconsin is a farm state that is critical to the president's chances. he is trailing in the polls there. joe biden is drawing a sharp contrast between his middle-class upgrading and president trump's wealth. the candidate was making a plea to voters in pennsylvania where he was born. aden returned to scranton for town hall meeting. he says he views the campaign as a campaign between scranton and park avenue. on bankmakes restraints dividend payments and buybacks. the fed says it will decide whether to prolong limits in the next two weeks. it is conducting stress te

i am ritika gupta. this is bloomberg. ♪

. ♪ ritika: it's time for the bloomberg business flash. ritika gupta. , one ofsearch engine the most profitable businesses in history, is about to face its biggest challenge. the u.s. government is gearing up for an antitrust lawsuit, accusing the company of crushing competition to protect and extend its monopoly. bloomberg has learned the justice department is focusing on whether google skewed search results to favor its own products and whether it uses an iron fist over access to users to shut out rivals. u.k. gambling group william hill is fielding at least two takeover bids from u.s. companies. there have been separate cash proposals to william hill. shares rose as much as 40% in london trading today, hitting their highest level in more than two years. deutsche bank is changing its work from home policies. the bank says it is mapping out a hybrid model for how staff can split work between their office and their homes. it is meant to permanent really do's office space and safe cost -- permanently reduce office space and safe cost. manag

i am ritika gupta.g. ♪ time thatthe current got us to make such a substantial and public donation to bring attention to the role like morehouse and spelman and to support their work. develop thousands and thousands of black leaders throughout this country. jonathan: an important conversation with reed hastings, the netflix founder and co-ceo. the gentleman who recently introduced -- interviewed reed hastings will be joining us shortly. after that will be looking forward to catching up with mike wilson of morgan stanley. tom: an exceptionally important conversation. we try to give you perspective on the individual securities, tesla, apple, and the equity markets. to talk of the strategist has been great. wilson willth mike be a very important conversation. this is the conversation of the day within the election season over what the wealthy are doing with their money, providing leadership on this, including a new book is david rubenstein of the carlyle group and his peer-to-peer conversations. one of them

i'm ritika gupta. paris police have arrested one person after a knife attack that left four people wounded. it happened near the former offices of satirical newspaper "charlie hebdo," where islamic extremists killed 15 people in 2015. police aren't sure whether today's attack is related. london police have launched a murder investigation after a police officer was shot and killed inside a police station today. croydondent happened in , south of the city. the suspect was shot and is in critical condition. it is rare for police officers to be shot and killed in the u.k., which has strict firearms loss. the last police officer killed in the line of duty was constable keith palmer, who was stabbed to death in 2015 during an attack outside parliament. supreme court justice ruth bader ginsburg today becomes the first woman in american history to lie in state in the u.s. capitol. she will be the first jewish-american to lie in state, and just a sec. up in court justice. the first -- just the second supreme co

futures up 29. ♪ ritika: a big victory for uber in the u.k..uled the ride service is fit and proper to operate in a city. last year, regulators revoked uber's license over safety concerns. the board of british gambling company william hill will recommend its $3.7 billion takeover price. their advantage and a potential bidding war with apollo global management. -- already has a joint venture in the u.s.. the second deadline to settle remaining lawsuits claiming it's roundup weed killer cause cancer. judge couldt, the threaten sending the cases to trial. -- had reached agreements and 75% of the cases. hsbc posted its biggest jump since 2009, recovering from a 25 year low. commerzbank has appointed deutsche bank -- for its restructuring program. here to comment is jonathan tice. bank-deutsche bank -- if you look at hsbc, this bank has been under immense pressure for the last couple of quarters. and now one of its biggest shareholders wants to take a bid on it. therenk that they think is going to be a big turnaround? >> [indiscernible] it says to h

futures up 40. ♪ ritika: this is "bloomberg surveillance."ead is making another big that, that in innovative tumor fighting drug can boost its fortunes. the company has agreed to buy immunomedics for about $21 billion. gileadhe maker of a debt has been focusing on drugs that harness the immune system to fight tumors. softbank reached a deal to sell chip division, ar -- chip division arm to nvidia. the chairman of ubs and credit suisse reportedly are exploring a possible merger. according to a swiss blog, an agreement could happen by early next year. the merger between ubs and credit suisse would create one of the largest banks in europe. that is your latest bloomberg business flash. tom: right now we go to our expert on swiss banking, and i justcqua, looked at the headcount. 70,000 plus 50,000 is 120,000. not as biggest the np perry bought, but that is a large bank by any definition, right? francine: you are talking speculation, these two banks merging, this would be spearheaded by the chairman of ubs. if you have a merger of credit suisse an

ritika: good morning. the death of justice ruth bader ginsburg has thrust the supreme court into the political spotlight. republican leaders in the senate are hoping to rush through a replacement with president trump expected to nominate his pick this week. democrats are warning of a constitutional crisis. if joe budden wins the election but a trump candidate is still confirmed to the supreme court. president trump is celebrating the tiktok deal, despite it falling short on some of its key demands. the white house gets -- a promise of new jobs -- sources have told bloomberg that tiktok is taking a valuation of $60 billion as part of the u.s. deal concerns are mounting that u.k. may need a second lockdown to stop the spread of coronavirus. prime minister boris johnson is set to be told today that the nation is at a critical point in the pandemic. there are exceptions that locally restrictions could be extended to london. it is reported that mayor sadiq khan will be tightening the rules today. global news 24

i am ritika gupta. cdc says state should prepare for coronavirus vaccine to be ready just a few days before the presidential election. that is an impressive goal that would depend on shots being tested and reviewed by then. president trump has previously said he thinks vaccine will be ready by election day. that claim has raised questions about political interference in the vaccine review. president trump is denouncing voting by mail. he told a crowd in north carolina that if they vote by mail they should also go to the polls and try to vote a second time. he said that as a way to determine whether there mail ballots were actually counted. that could lead to voters violating the law if they try to cast a second ballot. president trump has ordered a review of federal funding for what he calls anarchic cities aimed specifically at new york, seattle, washington, d.c., and portland oregon. all are democratically run cities that have protests demanding racial justice. any moves would probably result in a cou

i'm ritika gupta.s is bloomberg. alix: thanks so much. for the first time in three months, new york city's daily rate of positive tests is now more than 3%. this comes right is new york city restaurants are set to return to indoor dining at 25% of capacity. joining us with more is melissa the new york state restaurant association ceo. thanks for joining us. focusing specifically on the city, how many restaurateurs are going to reopen despite the fact cases arising? melissa: we don't know exactly how many are going to be reopening today. i think there are a number that have already been open for takeout and delivery and outdoor dining that are going to reopen, and there are some that have been shut down through this entire pandemic that are also planning to reopen. but until we start to see their doors open today and then welcome back people, we won't have a good count of exacting how many. guy: let's talk about breakeven capacity. we are going from 0% to 25% indoors. where do you think the average rest

here is ritika gupta with first word news.iktok has until september 15 to reach a deal to sell off its u.s. business. that is according to president trump. he made remarks that joint base andrews on his way to kenosha, wisconsin. the city has been plagued by violence since the shooting of a black man by police last month. wisconsin's democratic governor as the president not to come, saying it might inflame tensions in kenosha. the president is trying to make the unrest in u.s. cities a central issue in his campaign. j.p. morgan chase says investors should prepare for the chance president trump gets reelected. the bank took a look at the polls and estimates there could be a shift of up to 10 points from democrats to republicans. protests shift from peaceful to violence. russia has become the fourth country in the world to conform more than one million cases of covid-19. a strict nationwide lockdown helped tame an initial surge of coronavirus in russia but new cases have remained stubbornly high. russia average more than 5000 ne

." ♪ ritika: with the first word news, i'm ritika gupta.resident trump is denouncing a blockbuster report on his taxes as fake news. according to "the new york times," the president paid just 2017 andncome taxes in 2018. the times analyzed at least two decades worth of the president's personal and business tax returns. democrats are previewing the tactics they will use to oppose the confirmation of supreme court nominee amy coney barrett. they are zeroing in on the risk to american health care coverage. the supreme court will hear a case in november that could lead to obamacare being ended. regardless, parent's -- regardless, barrett's confirmation seems a sword because we public and have a majority in the senate. if federal judge has temporarily blocked president trump's ban on new downloads of tiktok. tiktok was do to be removed from u.s. app stores by midnight. meanwhile, the judge refused to halt the number deadline for the sale of tiktok's u.s. unit. the u.k. and european union are starting a crucial week of brexit talks. trust in brit