here at the first word news is ritika gupta. tika: 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 in

i'm ritika gupta. this is bloomberg. ♪ m ritika gupta.his is bloomberg. ♪ lisa: this is "bloomberg surveillance we are getting." is "bloomberg surveillance." we are getting some breaking policy numbers crossing the wire just now. we have michael mckee to go through them. not necessarily a good pricked her of what happens this friday with payrolls. 248,000 jobs come a much lower than the one million forecast, but again, this doesn't necessarily mean that we are going to have a terrible jobs report friday, even though the market may be trading sometimes in that direction, because last month, for example, they found on the 167,000 jobs, and we got over one million private sector jobs created. at this point, you can't take adp with a huge amount of confidence at predicting the way we are going. if you break down the numbers, it is not a bad set appear. we've got small businesses adding jobs. large businesses lost jobs last month. these are not new jobs being created. ,hese are jobs being restored so 448,000 is still a disappointment, even if

let's get to first word news in new york city with ritika gupta. prime minister boris johnson is warning difficult months to come for the u.k. in an address to the nation, he , theled to britons tightening of rules coming with higher enforcement and tightening -- said we do not need this stuff and we should leave people to take their own risks, i say these risks are not our own. tragic reality of having covid mild cough can be someone else's death knell. andka: republican senator trump critic mitt romney says he supports moving forward with a confirmation vote, all the crushing democrat hopes for stalling and nominee until inauguration day. president trump plans to announce his pick on saturday. the u.s. pound -- to keep the government operating through -- the bill now goes to the senate. prevent ae would government shutdown just before the november 3 elections. 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: thanks so much. i

i am ritika gupta. this is bloomberg. ♪

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

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

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

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

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 admi

let's get to the first word news in new york city with ritika gupta. ritika: president 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, lowered expectations for biden's performance. the president has spent months painting biden as sleepy, doddering, and senile. many have not seen biden since the democratic convention. democrats are making another run at a coronavirus stimulus package. they released a scaled-back 2.2 trillion dollar proposal to support the u.s. economy. ands between house speaker steven mnuchin. the house could vote on a bill this week. from theils coming out new york times investigation of president trump's taxes and income. the time says he earned $427 million from his role on "the apprentice," and the paper says the show projected the false image of a successful real estate mogul, which eventually helped him win the white house. theadministration calls times reported political his peace -- hit piece. luber has learned t

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, co

i'm ritika gupta. this is bloomberg. alix: thanks so much.out the third quarter, wanted biggest -- third quarter, one of the biggest losers are energy stocks. one hedge fund shows you can still make money in the asset class. hite hedge asset management. joining us now is the man behind the call, james jampel, hite hedge asset management founder. let's just take a quick look back here. how did you get to 25% gains when the sector is down? james: our philosophy here is too short the losers in the decarbonization trend. we have come to the increasing realization that the fossil fuel industry has a lot of similarities to the sort of horse and buggy industry around the turn of the century. leastes sense that the risky way to make money off of energy is too short those that are likely to be the biggest losers in the world of decarbonization. guy: i am curious as to what happens next. we have clearly seen energy costs coming significantly lower as a result of coronavirus, and i am wondering whether that has got the long-term story a little out of wh

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

i'm rick guba. -- i'm ritika gupta.his is bloomberg. ♪ >> for lawyers on both sides to make sure every american vote counts, i would urge americans to vote early and mail their ballot early so that there is no controversy that the road will be counted if they are going to vote -- controversy that their vote will be counted if they are going to vote absentee. jonathan: french hill speaking on "bloomberg surveillance" within the last 24 hours. we are counting you down to the opening bell, and the opening of that debate a little later in cleveland, ohio. price action here in new york city, equity futures down i've, a little more than 0.1% -- down five, a little more than 0.1%. euro-dollar just north of $1.17. your aussie is where the outperformance is. yields do nothing, the story once again this morning. 10 year .65%, yields going nowhere. payrolls friday just around the corner. politics first, economic data second in the back half of the week. tom: i would note turkish lira, with the military affairs and the challenges o

this is bloomberg -- i am ritika gupta. this is bloomberg.nding operations to use airport slots. a transport commissioner says she would propose the waiver until march 27, 2021 -- basically the carriers are now required to use 80% of land in positions or risk losing them the following year. joining us now is the transport commissioner. thank you for your time today. what conditions -- walk me through the conditions that are attached here -- how enforceable they are and how you will legislate this? >> i would say there is good news that we are able to promise the airlines a waiver for the winter season, but this cannot be a blanket and we have to attach conditions to this. we do not have come at this stage, the possibility to enforce conditions, but i will say the industry, would they will discuss with themselves and come to a gentleman's agreement with conditionality him and some of the most important are to have creditability for the airports -- those that are not intending to use the slots to give them back at least three weeks before, so,

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

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

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

let's get to first word news in new york city with ritika gupta. a: --e it is a so-called skinny proposal. to break the logjam with democrats in the house. the bill will cost up to $700 billion, a far cry from the democrats' 2.2 trillion dollar belief package. once again coming u.s. infectious disease chief anthony fauci is counting something president trump has said. a vaccine is unlikely for coronavirus will be available by election day. president trump has hinted that a vaccine will be ready by then. in the u.k., prime minister boris johnson will than all social gatherings of people more than six people, a surgeon coronavirus cases to 3000 is prompting him to act. people getting together for work, weddings, and funerals. bond market guru jeffrey gundlach says high-yield debt default rates will double the managing of -- says the fed policy actions are distorting asset values. his views reflect broad skepticism about the market's connection to economic realities. global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2

i'm ritika gupta. this is bloomberg. ♪ pres.rump: almost everything i see it from the left wing, not from the right wing. i want to see peace. >> then do it, sir. mr. biden: do it. say it. pres. trump: what do you want me to call them? give me a name. mosys's --ng super right wing white supremacists. pres. trump: proud boys, stand back and stand by. but someone has got to do something about antifa and the radical left. jonathan: alongside tom keene and lisa abramowicz, i'm jonathan ferro. this wednesday morning, equity futures down 0.5%. off session lows, -17 on the s&p. it is a stronger dollar in g10, a weaker euro. , coming in $1.17 0.3%. the story of the moment is the nonstory in the bond market. it is a real challenge for pms. a yield still in and around 0.65%. tom: one of the themes that goes back to our conversations with mr. prince of bridgewater is bonds are an anchor, a dampening of volatility for sophisticated lios, and thattfo has vaporized with these low nominal yields on the 10 year. jonathan: what do you replace it

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 $7.5

i'm ritika gupta. this is bloomberg. ♪ >> sadly, we have seen donald trump try to convince the american people that they should question the integrity of our election systems. it starts at the highest office in terms of doing everything we can to make sure everyone who has a right to vote has access to the polls. jon: kamala harris there. that is the message coming from team by then going into the election. we are about 12 minutes away from the opening bell this morning. it is a quiet into the week this week. we advance a little bit more than .1%. euro-dollar, not much of a story here. the story for treasuries is that there isn't one. the 10 year yield, it is weaker today. it has just been in a range. not an a range is our kevin cirilli. there are like eight ways to go. 40 something days to the derby or maybe it is the derby as well. scienceine story, the story is all the rage among the science train delete. i don't sense it has any determinative traction with the undecided. is it a campaign issue? kev

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

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

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

president trump slapped down some of his health -- ritika gupta. president trump slapped down some of his health officials saying a coronavirus vaccine could be distributed as early as next month. robert redfield said it would be distributed in the second and third quarter of next year. the president called those comments a mistake. at least one person was killed and hundreds were rescued after hurricane sally came ashore near the florida/alabama line. heavy rain slumped florida -- pensacola, florida and other cities in the region. sally is a tropical storm and could drop up to a foot of rain in alabama and georgia today. william barr says the black lives matter movement doesn't care about black lives. he says it wants to use african-americans killed by police as props to advance his political agenda. the attorney general suggested the issue of black on black crime is overshadowed by police killings of minorities. details of that proposed deal with oracle and tiktok are coming out. bloomberg learned oracle would get full access to tiktok's source c

i'm ritika gupta.his is bloomberg. ♪ ♪ >> we are not going to make it unless there is a broader reopening of the economy, unless we see more fiscal stimulus. the end of that could look a lot more pronounced if we don't get more support. jonathan: the wonderful emily investments. it has dominated the debate much of this week, stateside and in europe. what happens on the fiscal side down in ec in the next several months -- in d.c. down in the next several months? alongside tom keene and lisa abramowicz, i'm jonathan ferro. one hour and 12 minutes from the opening bell in new york this friday morning, already a nosing one -- already a noisy one. we are off by 12 points on. the s&p in the fx market -- on the s&p. euro-dollarrket, $1.1635. u.s. treasury not doing a lot, not participating in the volatility you see in the equity market. tom: the improvement in the real yield as well. we always mention the real yield on fridays, but jon, moving from a -1.02%, now out a full 10 basis points, what does that mean

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

the first word news, i'm ritika gupta.buster report says president trump paid just $750 in u.s. income taxes in 2016 and 2017. according to "the new york times," the president reported losing millions of dollars on his golf courses, and reportedly has hundreds of millions of debt that will come due in the next few years. the president of the report fake news, but didn't offer any specifics. senate republicans have signaled there will be a quick confirmation process of supreme court nominee amy coney barrett. hearings will begin in two weeks, and president trump is optimistic that she could be seated on the high court before election day, november 3. joe bidenlls show maintaining his lead over president trump nationally. other surveys show biden ahead in key swing states and close behind in others. -- the siena college candidates square off in their first debate tomorrow. almost 200,000 people in northern california had their power cut because of the threat of wildfires. pg&e is trying to keep its powerlines from starting n

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 bi

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

ritika: with the first word news, i'm ritika gupta. more news in the race to develop an effective covid-19 vaccine. johnson & johnson has kicked off a massive trial in the u.s. to test its vaccine. the company has begun dosing up to 60,000 volunteers with its one-shot and oculus and. j&j -- with its one-shot inoculation. j&j is the fourth company to move its candidate into phase three trials. it would seek authorization in early 2021. the trump administration has moved billions of dollars previously allocated to public of programs into its operation warp speed vaccine push. it was disclosed in a government audit and reported by bloomberg news. one of the biggest transfers came in august, where $6 billion to obtain to vaccine research. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. 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 th

[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

right now, your first word news, ritika gupta. ritika: president trump and joe biden will go head-to-head for the first time in the presidential debate in cleveland tonight. the president unwittingly has n,ne a big favor to bide lowering expectations. he has painted biden as sleepy, which we have lowered expectations for menu have not seen him since the democratic convention. and a scaled-back $2.2 trillion proposal has been -- the legislation is designed to move along talks between house speaker nancy pelosi and secretary of the treasury steven mnuchin. more details coming up from the new york times investigation of president trump's taxes and income. the time says he earned more than $4 million from his time on the show "the apprent ice," which -- the administration calls the times reported a political hit piece. and the trump administration may impose more sanctions on iran. the u.s. may target more than a thousand banks and declare the entire area off-limits. global news 24 hours a day on air and at bloomberg quicktake, powered

right now here is ritika gupta. : 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 tes

i am ritika gupta. this is bloomberg. let me pick it up.mp administration facing another challenge. a judge has ordered the united states to impose a ban on the app set for sunday or respond in court later today. let's bring in bloomberg senior writer shelly banjo. when you think we get this deal done, and if we do get this deal ine, do you think it will be a way that shows china has outmaneuvered president trump in the process? shelly: we are in a holding pattern. we have a few hours until a u.s. -- the deadline to file court papers imposing an injunction to delay this band that could take effect on sunday, which is a week later than an original band. if all of this sounds confusing, it is. the negotiations are difficult because it is not just tiktok negotiating with walmart, oracle, and other companies as part of this deal, but also balancing between the u.s. government and the chinese government. right now chinese officials are going through a proposal that tiktok's parent company submitted in recent days, and the u.s. administration is

let's get to the bloomberg first word news with ritika gupta. esident trump suggests a man who killed two protesters in kenosha was acting in self-defense. at the same time he criticized the killing of one of his supporters. the president travels to kenosha today. joe biden flipped the republican slogan that nobody is safe and joe biden's america. the president can't stop the violence because he has fomented it. the trump administration canceling contracts on ventilators with three companies. one is a $650 million deal that was signed in april. the company supplied only a fraction of the ventilators the u.s. has asked for in the midst of the pandemic. a government spokesman says there are 120,000 devices in strategic stockpiles. the latest border clash between india and china points to a long-term conflict. india says its troops stopped a push by chinese troops to claim more ground over the weekend. movedountries have thousands of troops to the region along with tanks, artillery, and fighter jets. .lon musk continues to climb he passed mark zucke

let's get to the bloomberg first word news in new york city with ritika gupta. 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

here with the first word news is ritika gupta. : joe biden meets with the family of jacob blake, the black man shot seven times by police in kenosha, wisconsin. the campaign says biden and his wife will hold a community meeting in kenosha. president trump was there two days ago. he did not meet with jacob blake's mother because she wants lawyers to monitor the conversation. president trump has ordered a review of federal funding for what he cars -- what he calls and arctic cities -- and arctic cities. all our democratic run cities that have had protest demanding racial justice. any moves to restrict federal funds would probably result in a court case. , one manst china sea was rescued after a carrying 43 crew and 5800 part of cattle sank. japanesevor told the coast guard the ship had engine trouble and capsized when a wave hit it. a typhoon swept through the area this week. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. . am ritika gupta th

let's get to bird first word news in new york city with ritika gupta. : oracle has beat out microsoft in the battle for tiktok. it now faces a deal with oracle that will look more like a corporate restructuring than an outright sale. president trump has threatened to ban tiktok if u.s. operations are not sold. tropical storm sally is taking aim at new orleans and southeastern louisiana. it could turn into a hurricane and is likely to make landfall tomorrow morning, making it the second hurricane to hit louisiana in a month. it has already led to evacuations on some energy platforms in the gulf of mexico. president trump held his first indoor rally in almost three months. the state democratic governor accused him of endangering lives. president trump told supporters he had been blocked from using a number of outdoor sites. michael bloomberg says he will spend $100 million in florida to help joe biden beat president trump. biden holds a narrow lead in the crucial battleground. the money will be spent on efforts targeting hispanic voters. michael bloomberg

i am ritika gupta.sident trump heads to kenosha, wisconsin today a day after he suggested that a man arrested for killing two protesters in kenosha may have acted in self-defense. at the same time, he criticized the killing of one of his own supporters in portland, oregon over the weekend. meanwhile joe biden accuse the president of fomenting virus and he rebutted the president's convention speech that portrayed him as a socialist soft on crime. mark zuckerberg and priscilla chan are investing $300 million in election infrastructure according to the political website axios. the money is going to two centers that promote safe and reliable voting. the cofounder of facebook told axios it is important for counties and states to have the resources they need to handle what he calls unprecedented conditions. the latest border clash between india and china points to a longer-term conflict. india says its troops were able to stop a push by chinese forces to claim more ground over the weekend along the disputed h

i am ritika gupta.his is bloomberg. ♪ bill: any suggestion that a politician helped create a vaccine or it faster because of a politician is a very dangerous thing. we saw with the completely bungled plasma statement that when you start pressuring people to say optimistic things they go completely off the rails. so, the fda lost a lot of credibility there. jonathan: bill gates there, the microsoft cofounder, trying to separate the politics away from the vaccine effort. a big story over the last several months. for new york city and london, good morning -- here is your price action. two hours and 12 minutes away from the opening bell, trying to get away from a two-week loss from the essence -- on the s&p 500. we bounced back yesterday we continue today. we're up .07%. approachingt, euro 1.19. that is what we are right now. the bond market, i had of the fed position, 0.678%. a snoozer in the equity market. how long will that be the case? tom: the vix has been a remarkable story of the last 10 days. it is

♪ 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

here is ritika gupta. iant -- 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 coun

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 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

i am ritika gupta. this is bloomberg. francine? tom? tom: currencies and commodities a bit of the disorder. we are not a correction level in the s&p 500. we are just beneath it. 9.6% depending on what mark you take. yields going nowhere. what is interesting me in foreign-exchange, safe haven ebbs away with euro gyrations from a 1.07 to a 1.0805. that is a little bit of note. can you tell i am struggling? i'm just not getting it done. francine: it is a friday feeling. there is so much news and market seem to be a bit all over the place. today we just seem to be taking stock about what is going on. you see the dollar slipping. they are moving sideways. investors weighing the week process of this american stimulus to counter the global uptick in coronavirus cases. that encapsulates the struggle for a lot of these markets. talking about the markets, the is christian -- miller -- christian mueller-glissmann, goldman sachs -- are we going to see markets range bound until the u.s. election? christian: you might remember last time we spoke we s

here is ritika gupta with first word news. ktok 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 new

here is ritika gupta. in beirut, atika: huge fire has breaking out of the port.e army said the fires at warehouse. last month explosions killed more than 190 people and injured around 6500 and damage thousands of buildings in the lebanese capital. it is likely to be the final stage of the month-long battle over fiscal stimulus. the senate votes to date whether to advance a slimmed-down republican pandemic relief bill. democrats they they have the votes to block -- to block the measure. it is not clear if that will lead to more negotiations. democratic one and a much larger building republicans will go for. president trump insists he was right to keep his concerns about the coronavirus private. the president is on the defensive after his comments to journalist bob woodward in march were revealed. the president told what word he downplayed the severity of the coronavirus in public because he did not want to cause panic. bob woodward's book on the president is being published this month. global news 24 hours a day, on air and on quicktake by bloomberg, powered by mo