line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadur local xfinity store today. millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... add a line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today. francine: welcome back to the open, 30 minutes into the european trading day. bleak wednesday, stocks and bonds slump. the dollar pummeled the euro and yuan. the imf slams the truss government's tax cut plan as the boe chief economist says it will require major policy response. russia declares victory in sham referendums. europe points the finger at moscow for nord stream sabotage. tom: the chancellor will have to convince investors he is sticking with this

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad your local xfinity store today. as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. ™ >> >> >> . >> this is to deal with humanitarian crisis that we're facing. >> i am frustrated with the fact that this is a national issue that must be resolved. we should not have to trade off dealing with the needs of new yorkers an dealing with the needs of migrants ai asylum sectors. >> eric adams yesterday city begins construction of tent city that to house migrants bussed from texas another migrant bus arrived in new york city this morning this is the 1

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadtore today. hi, my name's steve. i lost 138 pounds on golo and i kept it off. so with other diets, you just feel like you're muscling your way through it. the reason why i like golo is plain and simple, it was easy. i didn't have to grit my teeth and do a diet. golo's a lifestyle change and you make the change and it stays off. golo's changed my life in so many ways. i sleep better, i eat better. took my shirt off for the first time in 25 years. it's golo. it's all golo. it's smarter, it's better, it will change your life forever. they recommended showing the foolishness of the market at that time. i think were living in an uncertain time people feel very uncertain and anxious so there could be a reluctance in the near future that would bring prices down. >> with those prices crashed? >> i don't like the word crash. >> it took six years to reach bottom after 2005 peak. i would like to talk in real terms in the peak was in december 2005, not 2,702,008. it was a delayed effect took six y

talk to our switch squad at your local xfinity store today. >>> checking on nike this morning. shares fell despite posting a beat on the top and bottom line. that surplus of inventory weighed on the stock the company shifting strategy in an effort to clear that backlog, especially in north america, including by boosting its d to c business the company reported more than 5 billion in direct sales on the quarter. that's up 8 year-on-year and sales for digital up 16. sales for nike's wholesale business increased by 1% we've beenover the action. and 4x, that's a $4 billion hit to revenue for the fiscal year >> i believe what this signals about the middle class consumer in north america is the most important thing. we were talking about target and walmart which is on the lower end kind of consumer spending capability now this is hitting the sweet spot as q4 is starting and a big part of the question is what about that upper middle class? what about that luxury consumer? will that consumer continue to spend? because if we get demand shakiness across the entire consumer landscape with

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadtore today. millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... add a line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today. maria: welcome back. ian is strengthening back to a category 1 hurricane after leaving 10 people in dead in florida. millions remain without power. joining me now is the mayor of naples. thank you for being here. naples of course one of the hardest hit air aas. we're sending support and love and prayers. tell us would about the state of your city right now. >> well, maria, i got out yesterday for the first time and i'll tell you, it was devastating to see our beautiful green

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadty store today. ♪. elizabeth: let's welcome back to the show, look who is here, from house judiciary, congressman darrell issa. a pleasure having you on. good to see you again. >> thank you for having me on and thanks for continuing to cover this evolving scandal. elizabeth: look what is going on here, you and your fellow gop members of house judiciary you fired off a letter friday to former fbi agent tim thibault. can you tell us what is going on here? >> as you know tim thibault has been part of a coverup. he knew the hunter biden laptop was real. he knew that lies were being told. in fact russian collusion was even being blamed when in fact he knew what he had was an authentic and damning evidence in his possession. now he has retired which takes him out of the reach of the inspector general and others but not out of the reaches of congress if we're given subpoena authority. so we wanted to make sure he preserved any documents, that they didn't get shredded like hillary's blackberri

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadur local xfinity store today. as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. ™ mark: welcome to the bloomberg audience. i'm mark crumpton. vladimir putin is vowing russia's annexation of four occupied regions in ukraine is a reversible. russian president also demanded ukraine in -- in the fighting and resume talks. >> recall the kyiv regime -- we call the kyiv regime to immediately stop the war.

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadfinity store today. >> this is a moment to stand with the people of iran. both because they deserve freedom from these dictators and because it would be in america's interest if the ayatollah's no longer govern iran but joe biden is doing what barack obama did in the summer of 2009 during the green revolution protest. he is standing by because he doesn't want to offend the ayatollahs as as he'ses trying to pursue this reckless nuclear deal. we should announce support for them and we should put sanctions on those murdering innocent protesters in the streets and say in no w no way we will entt deal. maria: anti-government protests are carrying on across iran, there are iranians in the street chanting death to the supreme leader. joining me now, former special advisor to cheney on strategy. before i get to russia, give me your assessment of what's taking place in the streets of iran right now. you heard what tom cotton said, this is a moment to use as a leverage point according to cotton

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadur local xfinity store today. mark: here is the first word. ian is poised to become one of the cost for storms in u.s. history, leaving floods and power failures in cuba and threatening to slam florida with 125 mph winds. >> overnight and do this morning, some of the modeling is now projecting landfall south of tampa bay. we have talked about the tone of uncertainty where the landfall was projected. we added north florida a couple of days ago but that has consistently been moved east. mark: ian

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line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadyour local xfinity store today. so many people are overweight now and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now, there's golo. golo helps with insulin resistance, getting rid of sugar cravings, helps control stress and emotional eating, and losing weight. go to golo.com and see how golo can change your life. that's g-o-l-o.com. >> keep you up-to-date with news from around the world. here is the first word. i am mark crumpton in is a hurricane that is barreling toward south carolina. the storm is threatening to carve a new path of destruction. when it roars ashore near the city of charleston later today. meantime, florida continues to reel under the storm's impact. nearly 2 million homes and businesses remain without power and lee county, the hardest hit, has no running water. damage estimates

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadjack: innovative technologies and artificial intelligence bringing new hope to therapeutic drugs and treatments and the way they are delivered. "barron's roundtable" investors examine what is ahead in this week's cover story. tell us about this cover story. four well respected investors, i find it interesting they said innovation is not only coming in the new drugs but the way all healthcare is delivered. carleton: it is interesting. innovation, littered throughout the article, the big theme from this panel, definitely would not want to call the end of the pandemic but the fact that covid was not top of mind for our panelists. what they are focusing on is what is possible and treatments for weight loss or cardiac illnesses, innovation in those spaces but one thing the pandemic taught us was difficulty in accessing healthcare or delivery of it whether it was getting supplies or having appointments. that is something a lot of these investors are excited to be exploring. jack: the incredi

talk to our switch squad at your local xfinity store today. >> welcome back to fast money. it is the end of an era in meta as ceo sheryl sandberg -- stocks down today but can things urn around under new leadership julia borisen's bot more on this. >> reporter: you're right, her departure does mark the end of an era take a look at this video meta gave us of tuesday this was her last day in the office at her menlo headquarters the stock has lost a quarter of its value just since sandberg announced her departure on june 1st, the stock trading at its lowest level since 2019, and meta is one of the worst performers in the s&p this year having lost two-third of its value since peaking last september. even more the economic downturn, meta was facing serious challenges, including difficulty targeting and measuring adds in the ache of apple's operating system changes, declining users and add growth rates, and competition from tiktok. now as the company works to pith to focus on the meta verse and making money in the meta you know verse it's facing an overall contraction in ad spendi

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadt your local xfinity store today. every search you make, every click you take, every move you make, every step you take, i'll be watching you. the internet doesn't have to be duckduckgo is a free all in one privacy app with a built in search engine, web browser, one click data clearing and more stop companies like google from watching you, by downloading the app today. duckduckgo: privacy, simplified. jackie: no place like home for the holidays if you can afford it according to hopper. this year holiday travelers will pay about 33% more than 2019 for a domestic round-trip ticket and 26% more for international flights that the most expensive in five years is airline still battle with pilot shortages, cancellations and delays, frontier airlines ceo. thank you so much for joining us let's start with the thousand foot view of what's happening in the industry right now. >> think of her having a son you're talking about the holidays and is a big concern for a lot of people and a unique situa

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadur local xfinity store today. haidi: getting a read on retail sales for august. well below july. us trillion authorities are investigating cyberattacks. they're calling to issue new passports. it will recover replacement costs for drivers license. the government tax cut with natural prices set to jump. shery: a former fed president saying the u.s. central bank is not realistic about the pain it will cause to the economy if it raises rates. they told bloomberg the fed should not give up its fight against inflation. >> the fed is moving pretty quickly. the fed is catching up. >> the mathematics discarded the real world. i want to talk about the nurse will force in this overshoot. it is a requirement? >> i do just enough to achieve directives. monetary policy has long legs and it's hard to judge those effects. they said the risk of doing too little is much greater than doing too much because you end up in the 1970's with more entrenched inflation and have to do more later. if you are late

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadt your local xfinity store today. alix: equities around the highs of the session. abigail? abigail: the s&p -- s&p 500 up 1.2%. the best quadrant days in about a month and a half. when the continuing to beg the question of whether or not the three-day that we started to see last week is the beginning of something new. a big mover to the upside is really apple. the big bulk of the gains for both of these indexes, we are seeing preorder data that is positive, showing strong and. the bloomberg dollar index, the dollar is weak. three weeks in a row, not surprising. the big driver, the tech index for the s&p 500. what makes it interesting, investors looking past that really digesting those higher yields. having a very nice day. very interesting, crude oil of 2.4 percent at almost $89 per barrel. if you were to chart over a long time, you would see a very similar pattern, so it is not surprising to see both of them helping out the complex up 1.9%. finally, that big cpi trend, the expectation

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadocal xfinity store today. pst. girl. you can do better. at least with your big-name wireless carrier. with xfinity mobile you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill over t-mobile, at&t, and verizon. wow. i can do better! yes you can! i can do better, too! now you really can do better! switch to the fastest mobile service - xfinity mobile. now with the best price on two lines of unlimited. just $30 a line. gerry: the crisis at the southern border is worsening daily under the progressive policies of this administration. the number of migrants taken into custody surpassed 2 million in august, a new record for the already overstretched customs and border enforcement protection workers with fugitives on the terror watch list soaring. democrats have wasted no time blaming republicans, the minority party in congress, for, quote, manufacturing the problem. >> look, the border is not open. we're

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadur local xfinity store today. mark: i'm mark crumpton with first word news. president biden has a warning for oil and gas companies, do not write couch because of the hurricane barreling toward florida. the president also had a message for florida residents. >> the danger is real and when the storm passes, we will be there to help you pick up. we will help you clean up and rebuild and get florida moving again and we will be there every step of the way. that is my commitment to people in florida. mark: mr. biden spoke from the white house during a conference on hunger. united states and germany remain -- remain stuck on details to send battle tax -- battle tanks to ukraine. u.s. state department says providing model -- modern battle tanks would require training and support the effort now is to supply ukraine with weapons they can use quickly and effectively. some scientists are calling gas leak from the nord stream pipeline an unprecedented climate disaster. three near ruptures have not

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadty store today. jackie: no place like home for the holidays if you can afford it according to hopper. this year holiday travelers will pay about 33% more than 2019 for a domestic round-trip ticket and 26% more for international flights that the most expensive in five years is airline still battle with pilot shortages, cancellations and delays, frontier airlines ceo. thank you so much for joining us let's start with the thousand foot view of what's happening in the industry right now. >> think of her having a son you're talking about the holidays and is a big concern for a lot of people and a unique situation it's strange from where it would've been had we not had the pandemic pleasure of incomes at the highest levels they've ever been at coupled with the fact that people missed holidays and vacations in the past you have a surgeon demanded i think the holidays are around the corner and if you have a trip i would recommend booking a before they sell out. jackie: the fares are on the ris

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squady store today. muck. maria: welcome back. florida governor ron desantis hit with a new lawsuit over flying migrants to martha's vineyard. florida state senator jason pizzo suing the governor and other state officials to stop future relocations, he says, claiming the move by desantis was an illegitimate use of florida funds. this comes after a class action lawsuit was filed earlier in the week by an activist group on behalf of the migrants. joining me right now is florida attorney general ashley moody. a.g., good to see you. thanks for being here. >> great to be with you. maria: well, i fine it extraordinary that these migrants came from venezuela. they were flown to martha's vineyard, and now they're suing over it. >> what's so interesting to me is, you know, governor abbott, governor desantis are arranging for folks to go to states that have said we are sanctuary states, we welcome individuals. and if you look at the images when they are, when they are transported there, i mean, look

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line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadur local xfinity store today. dani: good morning. this is "bloomberg daybreak: europe." european leaders it announced plans to stage annexation both in eastern ukraine, calling it imperialistic aggression. >> the votes do not change the nature of the conflict. dani: the fed is expected to hike by 75 basis points for a third straight meeting and forecast more to come. they see a long and ugly recession. japan announces unscheduled bond buying ahead of the policy decision, maintaining rock-bottom interest rates. from wall street and beyond, big concerns of geopolitical risk of aggression continuing in ukraine with the possible annexation vote expected to take place on friday. for the most -- for those in the most eastern parts of russia, will there be a message from putin? until then, the market transfixed. central bank decisions we are expected to get today and tomorrow. from taiwan, to egypt to norway. it is the only strong position and direction we are getting at this moment. we were

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadour local xfinity store today. stuart: can't go far from the market because this is a nasty selloff and another one. a huge gain yesterday, nasty selloff today like the last couple weeks, the dow is down 540, nasdaq down 340, big tech, this is leading the selloff. look at these declines. microsoft down 2%, amazon 3%, alphabet 3.5%, meta 3.7% and look at apple all the way down to $143 a share, down 4.3%. there is one investment analyst who downgraded apple. bank of america. let's get to the border. two migrants died after a chase with a suspected smuggler ended in a 3 car crash. this happens a lot in texas and on the border. matt finn is on is on the board, the latest please, matt. >> the police chief says two border patrol agents found trucks, they pursued it and the truck crashed into an 18 wheeler and another car, two people in the truck were killed and 10% of the hospital. police say the crash involved migrants but it is not clear how. we have a request into the texas department of

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadyour local xfinity store today. >> 1129 -- 11 39:00. a challenge for the global economy as we see equities under pressure. >> absolutely. stronger yields stronger dollar is limiting every move to rally. we talked about this a couple minutes ago. with the 10 year yield touching 4%, we have not seen that in years. some of prices we are getting. onto the dollar story, acceleration. tuesday was a reversal of the dollar strength. 1360 right now at the bloomberg dollar index. here is one index to watch. hong kong, attack index. down 100 points. 3565. below that, we are back a little bit since inception of the asia index. asia has accelerated across your screen. equity markets, commodities are pushing up. as you can see, 1400 on that one. a lot of levels to watch coming through. >> yesterday, the balance in sterling, you are seeing that right now. we saw the thresholds and we are screaming above that. that is a record low for your rate. we are watching the sterling. 106 point -- 1.06. let's s

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad local xfinity store today. shery: you are watching daybreak asia.

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadfinity store today. as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. ™

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today. millions have made the switch from the big three to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millions are on the nation's most reliable 5g network and most recommended wireless carrier. that's a whole lot of happy campers out there. and it's never too late to join them. get $450 off any new purchase of an eligible samsung device with xfinity mobile. or add a line to your plan today at xfinitymobile.com >>> welcome back bundesbank president says the ecb needs to keep raising rates in control he did not expect to see a hard recession in the euro area, but warned more needed to be done to return to a neutral rate the ecb is expected to raise interest rates at the october meeting after historic 75 point hike this month. ecb's lane says they could keep raising rates into next year he said we will not pretend this will be pain free. lane added demand was a source of inflation pressure. the euro

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadal xfinity store today. stuart: we showed you this video of a convenience store ransacked by hundred teenagers. another nearby store is taking steps so it doesn't happen to them. lauren: a few blocks from the high school, and from monday through friday they will be closed from to:30 right when the kids get out of school. they don't want the congregation, that was ransacked on saturday night. blue when they closed the store when the school gets out for an hour. >> they congregate at a local store. parents telling children this is wrong behavior and the police are asking parents to volunteer their children. it is a teachable moment. stuart: some businesses are locking up items so they don't get stolen. jeff flock has the story from philadelphia. what are they locking up now? jeff: there's an increasing trend, maybe expense items, not really. cvs behind me, i went and took some pictures, stuff like deodorant, shampoo, body lotion, toothpaste, all locked behind plexiglas covers and you hav

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today. charles: the tone for today was set after the close yesterday when a giant red flag from nike, of course we know these days investors have to have balance sheet first and look at cash flow statement and finally the income statement and for me, usually the other way around but as this economy alerts as lowerr and liquidity dries up, it's financial health we want to understand and know if companies can weather the conditions as, you know, publicly traded companies so we begin with the balance sheet and take a look at nikes and revenue and earnings were okay but inventory swelled 44% and joining me is trader aid and cofounder. you can't move and raise prices and obviously we know where that goes and yet we got another retailer with bulging inventories. what does it say about the economy, consumers in the stock market? >> hello, charles. thank you so much for having me back on. well i think nike sent us a warning signal and it's something that they've se

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadur local xfinity store today. hi, i'm denise. i've lost over 22 pounds with golo in six months and i've kept it off for over a year. i was skeptical about golo in the beginning because i've tried so many different types of diet products before. i've tried detox, i've tried teas, i've tried all different types of pills, so i was skeptical about anything working because it never did. but look what golo has done. look what it has done. i'm in a size 4 pair of pants. go golo. (soft music) ed: this is bloomberg technology. i'm ed ludlow. the popular messaging app whatsapp is more than encryption connecting people worldwide. it has become a major part of wall street communications. regulators spoke to banks about failing to monitor employee communications on messaging apps like whatsapp. wall street has been hit with more than $2 billion in fines and what is becoming called the whatsapp investigation. america and citigroup were among those fined. let's go back to the beginning. what is the a

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadfinity store today. guy: monday the 26th of september. european stocks fairly mixed. the action is in the bond market and foreign-exchange. we will talk much more about what has been happening. the countdown to the close starts right now. >> the countdown is on in europe. this is bloomberg markets, european close with guy johnson and alix steel. european equity -- guy:

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today. elizabeth: joining us now is the president of parents defepgd education, nicole neily. nicole, always a pleasure having you on. we've talked about school board parents now, one of the most powerful voting blocs in the country. it's now gotten so bad with lethal fentanyl pouring across the border, the cdc's advising parents to to carry around narcan. watch. >> k-12 schools now are taking matters into hair own hands -- their own hands, keeping narcan on hand. do you really think that parents should consider ca carrying it themselves? >> parents should consider carrying that lax zone -- no lax sewn around. with insulin, making sure you are always there to protect someone that might have an issue. somebody's got an overdose, you've got it that you can use. elizabeth: seriously? this is how bad fentanyl and the border crisis is, parents have to carry narcan? >> it's appalling. and honestly, i mean, the really simple things that most people expect is their

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadocal xfinity store today. alix: an hour into the u.s. trading session, higher equity levels. we are off the highs, off the lows. abigail is tracking those moves. >> yesterday, you are calling it a dead cat. it is more of a reprieve, we had another big down day. it is going to be interesting to see what happens. one tailwind for stock, yields are in. two year yield down five basis points, giving a little break to stocks, another risk asset. dollar index down slightly, keep an eye on that dollar. it doesn't start to climb. you could see a reversal. stocks, s&p 500 around those june low levels. there could be talk whether or not this could be a bottom. as for what could create a bottom, it could be about the dollar and yields paired the two year yield over the past two weeks, backing up nearly 1%, 85 basis points. a stunning move people have never seen in their career, it creates a huge repricing of risk around stocks, commodity and down the light. because we have yields in a little bit t

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadyour local xfinity store today. francine: welcome back to the open, 30 minutes into the european trading day. global dignitaries from president biden to japan's emperor to send on london to join mourners for the state funeral of queen elizabeth ii. a flood of central bank decisions this week as policymakers scramble to tame soaring prices. and upping the ante, president biden says the u.s. would defend taiwan from an unprecedented attack by china. tom, if you look at the markets, activity is dull. the u.k. is closed and cash treasuries in europe also closed. tom: a brutal week for equities last week in europe. the s&p 500 losing about 80%. european stocks have wiped out gains since around mid july. in hong kong, the hsi closing in on a bear market. ignore the ftse, it is closed for the bank holiday commemorating the funeral of queen elizabeth ii. we continue to bring you live coverage of that as well. across the benchmark, losses of .6%. heavy selling in france. in germany, a loss of 8

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadday. stuart: if you woke up this morning hoping for a solid balance for the stock market after all the losses of the last couple weeks you got a modest bounce and it is still holding, the dow industrials 320, nasdaq up nearly 200 points, the 10 year treasury yield, 3.92%. that is a problem for big tech. when that yield gets near 4%, big tech takes it. as for the oil market, we are up $2 a gallon, a barrel, $78 as we speak. we have a new investigation suggesting some uber drivers really worry they are being used as drug. lead we to nbc news spoke to 6 drivers and they are concerned that unknowingly to them they are being used as carrying narcotics to dealers in fear if they report a suspicious package to authorities the dealers will take revenge on them snapping pictures of license plates when they arrive. some report suspicions to police and uber and both investigate but there needs to be a solution which when you have people saying i think this is a drug deal happening, that is a cart

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadur local xfinity store today. tom: welcome back to the open. we are 30 minutes into european trading day. global central banks line up jumbo hikes. the riksbank decision hitting any second now. the fed begins its two day making -- meeting. japanese cpi hits a three decade high, putting pressure on the boj to justify continued stimulus. plus relaxing restrictions. hong kong ways loosening hotel quarantines rules, easing travel for the financial hub. asian stocks snap five days of declines. here is the look across the terminal. the riksbank has hiked. it has hiked the benchmark policy rate to 1.75%. that is a bigger hike than many had expected. the estimate had been to move that benchmark up to 1.5% and they have gone bigger. they have gone to 1.75%. that is riksbank coming out with a bigger than expected hike. here is a check and the krona is gaining 0.5%. this is a move against the euro on the back of that news. this is the biggest hike for the riksbank of sweden since three decades. i

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line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadal xfinity store today. >> from the world of politics to the world of business, this is balance of power westin. -- power with david westin. david: from bloomberg world headquarters in new york our television and radio audiences worldwide, welcome to balance of power. hurricane made landfall yesterday and tore up half florida. as it hit land, it was a category four major storm and it continues to rampage into the atlantic ocean. the latest on where hurricane ian is and what impact it has done, we turn to the man that

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadlocal xfinity store today. >> market lows for the year are insight after this week's selloff, all three major indices dropped this week after the dead 75 based -- fed 75 basis point hike and they signaled more would come. cash was not spared, there could be some right spots -- bright spots. he is partner at a net and companies, global head at technology, the week that it was, what do you make of it? >> good question, thank you for the question. we see long-term innovation and growth in the tech sector. that being said we see our clients swallow a 20% equity adjustment this year. that is most -- mostly multiple adjustments. we believe that there are major adjustments to supply chains, war, and recessionary effects with a demand for back -- pull back. we look at our client base or believe that is more than we think. >> volatility, the world is volatile, the markets are volatile. do you see an opportunity to do what you call, kickstarting the rebuild. what you mean by that? >> in a downtu

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line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadnity store today. stuart: more than 2 million illegals have been apprehended at the southern border this fiscal year. bill, you just got new numbers about how many migrants are on the terror watch list. what do you have? >> reporter: exactly right. the numbers are startling. if we pull up this graphic we will get into it. cvp reporting last month in august alone there were 12 arrests of individuals on the fbi at terror watch list on the southern border bringing the total for fiscal year 2022 to 78 of these terror watch list arrests so far, that is triple the previous five years combined from fiscal year 17-21 there were 26 of these arrests, we are at 78 and have a month to go. other cvp reporting data, look at this graphic, cvp reporting august there were just over 203,000 illegal crossings at the southern border, bringing the total to over 2.1 million, the highest number ever recorded in a single year crushing last year's record, said the previous record at 1.7 million, we are now wel

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line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadfinity store today. guy: friday, september 30, european stocks broadly higher but it has been a brutal week and few months. the count down to the end of the quarter starts right now. >> that countdown is on in europe, this is "bloomberg markets: european close" with guy johnson and alix steel.

line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squadn the "cnn newsroom." i'm jim acosta in washington and we begin with breaking news. hurricane fiona has officially made landfall and is battering the southwest coast of puerto rico. heavy rainfall and winds gusting to over 100 miles per hour are now slamming the island. and the entire island of 3 million americans is under a

talk to our switch squad at your local xfinity store today. >>> welcome back to "squawk box.re at. $80.88 on wti. joining us to talk about what's happening is alina craft, and global head of commodities and cnbc contributor the dow is flat, but after being up, and we have this meeting taking place in brussels today among the european countries trying to grapple with what's happening. what's your expectation at this point? >> i mean, look, i think we had a market that was fearing powellmore than putin and now there's an assessment that we could be looking at potential significant supply disruption as we go into the remaining months of this year the nord stream 2 sabotage of pipelines and it's leading to concern that european energy infrastructure is not secure, so everyone is contemplating what can come next in terms of disrupting events. >> in terms of price, though, what do you think is fair value? >> what do you think we'll be watching and equities which have risen obviously remarkably, you say that this is in the right place, wrong place at this point? >> two key things to

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