tictoc has hit back very hard at these allegations, saying they do not store any data about u.s. users in china, and they would reject any requests from the chinese government to turn over any data. rishaad: thank you. our lead partner for geopolitical investing. you are back with us. i think it was in may that you said there was no way they would get to a kumbaya moment anytime soon. we are talking about the relationship between washington and beijing. you are right for once -- i am joking about that. this speech seems to be further away than we were then. much, it's aso pleasure to be with you all today. certainly the language is softer than it may have been back in june. ist is interesting to note the entire economic relationship between the u.s. and china is being modeled with the trading relationships. interimhope for an trade arrangement goes forward, the question remains if it is what the u.s. policy establishment wants. what i mean is not the republican administration, but the entire policy establishment as a whole. david:david: this takes us to the next question leading

why are senators saying that tictoc is a particular threat here?like a fun video app that people are uploading funny videos on. it's anreak it down, artificial intelligence company. they're collecting all sorts of information on the people who are using it, such as their location, their habits, their ages. all sorts of different types of information. if it got into the wrong hands, senators are worried the pose a threat to national security. are there any other ways that an app like to talk could pose a threat to the euro -- to national security? >> the data gathering is their first concerns. there are other concerns they brought up. including perhaps censoring content on the app. there has been suggestions that tictoc has censored videos related to the hong kong protest and other politically sensitive issues for china. tiktok in gauging in some sort of disinformation campaign. they are worried that china could use it to do a similar thing that russia did ahead of the 2016 u.s. presidential election. shery: we have seen 110 million downloads of the

global news 24 hours a day on air and on tictoc on twitter powered by more than 2700 journalists andlysts in more than 120 countries. this is bloomberg. action, the the , helping therun s&p 500 taking out the record. it has been a busy, heavy earnings week, one hundred 60 companies reporting. what caught your eye today? robust or positive earnings seem to be continuing, the market hitting an all-time high, optimism across the board, one strategist said. for $14.5 on an offer billion. microsoft soaring after winning a pentagon contract, at&t moving higher on a board reshuffling, &e in the lower as -- pg lower. chicken producers up as china lifts its ban on poultry since 2015. gains due to optimism on the u.s.-china deal. downarquee names, alphabet on we could then expected profit mat with better -- meat, better than expected numbers. the spending on the cloud denting the profit, and there is concern about blowback on the thetrust front putting stock in the negative. haidi: the boeing ceo prepared to tell the senate his company made mistakes. how is that impacting the stock. >> we have

map.inan which was on the global news 24 hours a day, on air and @tictoc on twitter, powered by more and analysts in more than 120 countries. i am jessica summers. this is bloomberg. boris johnson has struck his brexit deal with the e.u., the next hurdle pushing it through the house of commons this is going to look at on a rare saturday sitting. our reporter is watching this. the gtv chart showing the volatility on sterling has spiked. we have seen overnight one week implied volatility jumping but not necessarily the pound, under so much pressure given the dup said they would not vote for it. why? the key thing is you got to think about what cable has been doing. trading iswn, so difficult because based on the headlines. you never know when the headlines will come out or if it is good or bad. a better way to trade is to buy implied volatility. it you could -- your basic long options, you can take advantage of the swings when it goes up or down. traders have benefited. spot traders would find it difficult indeed whether long or short. shery: we have seen sterling touching a five month

tictoc dismissed that claim. saying they adhere to u.s. laws.o bloomberg asia, we have the nikkei off one third of 1%. the kospi, weaker. sherry: let's check on futures, continuing to see pressure on u.s. futures, down 8/10 of 1% while the offshore yuan continues to weaken. we had more reports on the trade talks coming up between the u.s. and china on thursday here in the u.s.. that is it from "daybreak: asia." the china open is next. this is bloomberg. ♪ everyone uses their phone differently. that's why xfinity mobile lets you design your own data. you can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any time. all with millions of secure wifi hotspots and the best lte everywhere else. it's a different kind of wireless network, designed to save you money. switch and save up to $400 a year on your wireless bill. plus, get $250 back when you buy an eligible phone. that's simple. easy. awesome. call, click, or visit a store today. >> be in the supreme court? >> for there other justices saying they wer

global news, 24 hours a day on air, on tictoc, and on twitter, powered by more than 2700 journalistsnd analysts in more than 120 countries. this is bloomberg. nejra? nejra: thank you. drama teaching and nba uproar, trade talks between the u.s. and china are set to resume. the u.s. is looking at rolling out a currency pact as part of a partial deal and sources say this agreement see next week's tariff agreements suspended. it comes as a team of chinese negotiators arrived in washington to resume trade talks with robert lighthizer. let's get the latest from selena wong who joins us from beijing. great to have you with us. markets have been whipsawed by the conflicted headlines. how much have expectations actually changed? there has been a dizzying amount of news. same is thatthe the likelihood of a broad trade agreement is close to none. but the possibility of a partial deal has increased, especially following reporting that the white house is considering rolling out its currency impact -- pact. also, reports that the trump administration is allowing companies to resume selling to huaw

global news, 24 hours a day on air, on tictoc, and on twitter, powered by more than 2700 journalistsnd analysts in more than 120 countries. this is bloomberg. francine? you so much.nk an explosion on an iranian tanker has reignited fears of unrest in the middle east. iranians national chemical company said it was hit by missiles from saudi arabia. but get straight to our guest. thank you for speaking to us. is once again the one thing markets wants to know about. are we still trying to get to the bottom of exactly how many missiles struck oil tankers and where they came from? do we need to get used to these kind of attacks? >> we seem to have is a pattern of skirmishes. it is not the full-blown oil crisis and it will deftly be a big macro issue. probability the that will escalate the strait of hormuz. that is the big one. this is where we start getting oil prices. this is where you will get a proper, negative impact. stage, as long as we don't get into the streets of hormuz, it strait or remains manageable. francine: let's get straight to our middle east executive editor. what do we

global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. haidi. shery: -- haidi: thank you. let's get more on the u.k. election. boris johnson finally won parliamentary backing for the vote on his fourth attempt. he is hoping it will help resolve the brexit crisis which has dragged on since 2016. annmarie hordern is with us in london with the latest. he'srie: he's finally -- been pushing for and wanting it. he got the date he pushed for. a lot of the debate was on when the day of the election would take place. either monday, december 9 or thursday, december 12. boris johnson is hoping he can keep up this momentum, cash in on his promise to leave the european union after the 2016 referendum, and he is winning right now in the polls. 10% to 15% ahead of labor, but it is a risk for him. be need to say the polls have not always been right and we did see theresa may make a similar gamble, leading 18% in the polls. that dropped to 2% and now, we are in the brexit impasse w

local news 24 hours a day on air andn tictoc and twitter more than 120 countries. bloomberg. barclays has warned that no interest rates in britain will make it tougher to meet targets for the next year, even as the traders have outperform in the third quarter. but jes staley spoke to us earlier. >> are returns in the third quarter was double digits at 10.2 percent. in six of the last seven quarters now we have generated a return on capital over nine percent. we still feel pretty good about the 9% target for 2019. i think what we are bringing up, as you look into 2020, you've got the macro environments and the u.k. where think growth is somewhat muted, and if we continue with the uncertainty of a brexit, one has to think that you will continue to have soft growth in the u.k. but also we have lower interest rates. in the lower interest rate environment, that puts pressure ,n banks in the interest margin so given the current interest rate view across europe and the u.k. now the u.s. as well, and if we have soft nest -- softness, you need to put some caution against th

global news, 24 hours a day on air, on tictoc, and on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. francine: it has been a gloomy week for the u.s. labor market, the lowest since 2016. there was a small drop in hiring plans and the worst services index in years. what fed speakers made of this. >> you have idiosyncratic factors affecting the labor market. >> trade uncertainty has been very important for the weakness. i talked to so many business executives who have indicated that there is just a good deal of uncertainty. >> if you do look at the cyclical part, it is correlated with tightness in the labor market. >> we want to get monetary policy commissions to keep it going at a sustainable pace. we have not seen the increase in business investments we expected on the heels a very aggressive strong tax cuts. those are just some of the fed presidents commenting on a weakening economy. we look ahead to the u.s. payrolls data where dani burger has more. dani: it is really hard to remember a more highly anticipated jobs report.

global news, 24 hours a day on air, on tictoc, and on twitter, powered by more than 2700 journalistsnd analysts in more than 120 countries. this is bloomberg. francine: thank you so much. in a few hours, mario draghi will preside over his final meeting as president of the european central bank. in eight years in charge, he has lived up to his pledge to do whatever it takes to save the euro. he found measures to support banks and hands over the reins to christine lagarde in a difficult economic climate. hour is theor the chief investment strategist in germany, austria and eastern europe at blackrock. so thank you for joining us on what feels like an important today. if you look at mario draghi at mario draghi and what he has been able to do, he is getting quite a lot of hard times because of a divided governing council. what can christine lagarde do differently? first of all, she will not need to do anything very soon. the september move of ecb was all about creating some time of --l for christine lagarde for christine lagarde. then she needs to win over those who have been opposing e

global news, 24 hours a day on air, on tictoc, and on twitter, powered by more than 2700 journalistsnd analysts in more than 120 countries. this is bloomberg. francine? francine: thank you so much. trade negotiations between the u.s. and china are set to restart tomorrow but the relationship seems to be deteriorating by the day. that's after the u.s. announced it was blacklisting eight companies on monday. we heard the state broadcaster was dropping nba preseason games and now the u.s. s has slapped a visa bans on chinese officials. top bloomberg guests but they are expecting. worse,he rhetoric gets you may even be in recession simply because the consumer will lose faith. the concerns about unreliable supply chains we see in and is ad the china conflict little more enduring and more of a change. >> we will be talking about trade peace, not war. everyone is a loser in a trade war. therefore, everybody would be a winner in trade peace. francine: for more on the deteriorating relationship, selina wang joins us from beijing. what's the response on china from the blacklist? >> some harsh

global news, 24 hours a day on air, on tictoc, and on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. matt? back to you. matt: thanks very much. johnson will push for a general election if the eu proposes to delay brexit until january. the prime minister caused his brexit bill after mps rejected his plan to get it signed off in three days. now, eu leaders will consider whether to grant a delay to the brexit deadline, which had been 31st of october. and they will decide what length that delay will be. johnson warned that the defeat on the timetable leaves the u.k. in limbo. it is to my disappointment the house has again voted to delay, rather than a timetable that would have guaranteed that the u.k. be in a position to leave the eu on october 31 with a deal. uncertaintyfurther and the eu must now make up over how to answer parliament's request for a delay. joining me from brussels is our reporter maria tadeo. and in westminster, anna edwards is standing by the first, is the they areto, look, obviously going to give the u.k. a

global news 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm su keenan. this is bloomberg. tom: the chinese commonest party's central committee is expected to meet monday, the first time since february of last year. this comes as the economy is slowing in the latest industrial profit numbers giving more clues to the pain. the trade war with the u.s. drags on, though china did say over the weekend that phase one of the trade deal has been essentially completed. for more on how these topics will figure at the communist party, we are joined by sharon chen. what for you is the central focus of these next few days in terms of this meeting? sharon: indications we have gotten from the topic and the agenda, seems like it will focus on politics and will not even recognize other things. looks like they will not, at least in the public statement they released at the end of the four days, talk about economic issues or the trade war. although there is a high chance they will discuss among leadership, as well as the p

global news, 24 hours a day on air, on tictoc, and on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. francine: thank you so much. the u.s. economy is losing speed and economists are wondering how slow they can go before tipping into recession. past, growth below 2% would have guaranteed a contraction, but some economists believe they can continue around 1.5% without actually falling over. this would be a decline in the stall speed in aviation and refers to the slowest a plane can fly while maintaining a level flight. the economic equivalent is at a point where growth is no longer self-sustaining. our executive editor for economics joins us on surveillance. talk us through exactly what we are seeing. we are seeing a manufacturing getting worse and an economy that is slowing. it should still be able to avoid a recession. , if recent history is any guide. the economy is a bit like an airplane. history iss often in that at a certain growth rate of around 2%, consumers and companies have been so worried about the performance or o

global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. haidi. haidi: thank you. president trump is stoking trade optimism, raising expectations of an agreement with china that could be assigned at the aipac meeting in chile. what has trump been saying about the potential for this phase one many deal being signed at aipac -- mini-deal being signed at aipac? tom: this was at a cabinet meeting in the white house. president trump said i want to see them buying more. his comments dovetailed to some extent with what we heard from china's vice premier, liu he, over the weekend, who leads the negotiations on the chinese side. he said that, yes, there was progress being made towards this deal. both sides looking for this apec summit in november, potentially xi toump and sign off on this agreement. part of this agreement, phase one includes agricultural -- that also pledges from china around things like intellectual property, and some currency pledges as well. wilbur ross, t

global news 24 hours a day and on tictoc on twitter, powered by more than 2700 journalists and analysts than 120 countries. this is bloomberg. fronting? francine: thank you's -- francine? francine: the eu's chief brexit negotiator says a deal as possible this week but talks remain tough. set to continue throughout the day in brussels ahead of the crucial eu summit. the leader of the house of commons, jacob rees-mogg, says he believes any deal will pass parliament. paul flood from newton investment management is still here. i don't know whether you stay off of it u.k. assets at the moment or whether now is a good opportunity. paul: i think leading up to it, two or three years now, where international investors have not won anything to do with the u.k. because of brexit. over the last 6-12 months, we have been increasing our exposure to domestic assets in the u.k., primarily because international investors do not want it. everybody is worried about brexit. as you look at the ftse, these are all underperforming parts of global markets. we have found a very unique opportunities where valuat

global news 24 hours a day, on-air and online on tictoc and twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm su keenan. this is bloomberg. up, the first phase of the tentative china-u.s. trade deal has brought questions. half an hour, the federation. they will give us their take on china's pledge to buy moorpark. -- more pork. rishaad: five months of street protests. irish bankasking the of ing if the government's latest policy measures go far enough. this is bloomberg. ♪ rishaad: you are back with bloomberg markets. the hong kong legislature was interrupted two consecutive days as protesters shouted down carrie lam. she says she expects the economy to have entered a technical recession in the third quarter. david: to ease the slowdown and public disorder, she announced some measures to boost -- compulsory land purchases for housing, relaxing mortgage rules, and giving cash to students. she says all of those measures ir whether they will work -- is pang is with us. could they work? dara: they could work if they can pass the legislative council. th

global news 24 hours a day, powered by more than 2700 journalists and analysts and at tictoc on twitter, in more than 120 countries. i'm su keenan, this is bloomberg. >> let's look more at top stories. what start off with what we have with those pmi numbers out of china. i think the economy is in need for a trade from the policymakers. but the the trade war, tech war. policymakers will need more support and this is one of the reason china gets an interim trade agreement. >> pressure off the economy, but certainly not the relief we are seeing. let's move beyond the seasonal factors to the underlying trends. and we see the pressure on the ppi side which is diminishing corporate profits , so when you take it all outlook, the broader for the manufacturing side, still pretty weak. >> absolutely and it being a function of what is really going avoid.can't really the pressure is on for the pboc to do more and you have one eye on the fed no doubt. >> they have been quite restrained. they have been using the easing mode and expecting a more nuanced approach. of rate, the fact that he has and its

global news 24 hours a day on air and at tictoc on twitter ,powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. short,coming up, falling the eu says that the u.k.'s plan isn't good enough to reach a deal. we are live in westminster for the latest. manus: if you're traveling to work, bloomberg radio is the destination. digital radio in the london area. this is bloomberg. ♪ nejra: this is "bloomberg daybreak: europe." your asians check markets with juliette saly in singapore. even though there are signs of an agreement with china not even calling it a deal, we have japan closed today. happeninghing what is with taiwan getting close to record levels. the 300 tracking at a two-month high. trade data coming out of china today. the trade balance was better than expected. offshore currency of about a third of 1%. goldman says don't get too excited about fed upside. they are seeing the yuan weakening to 7.2 to the dollar in 3-6 months. the central bank easing for the first time since 2016 and suggesting more could be ahead. a had singapore narrowly mis

voiced concerns that the chinese government could make the company behind tictoc.ron announced it is forging ahead independently with new memory technology called three dx -- 3dx. formwill forms data -- data drives that provides faster access to data that existing models. who better to tell us more than the micron ceo? thank you so much for joining me. talk to me about this new chip. >> please to be here. it is a kind of memory that is thang you faster speeds flash memory. higher.sities that are it is ideally suited for data center replication, memory and storage. this is to escalate the workloads that require high speeds. aat we introduced today was drive that is the fastest drive in the world. >> is this really banking on the future of the cloud? it is technology that works well in data replications. they can also be deployed to other in market applications such as mobile or other intelligent devices. no doubt, data centers are big. they are requiring the ability to process a lot of data. they want to gain more insight on the data. that means you have to be able

. >> global news, 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists in 120 countries. i am su keenan. this is bloomberg. cutaad: the referred rate is much a done deal. the big question is what comes next. the inside onhas all this. could this rate cutting cycle becoming to the end -- be coming to an end? >> they are not leaning toward this rate cut in the next 24 hours. it is interesting. traders that were convinced december was a done deal are changing and mines. that white line shows you that at this point, chances of a fed rate cut our had 94%. that is it, slamdunk. line, people are certain that is where the fed was heading. now the chances are at less than 30%. it is not that jay powell will tell as where he is headed next but as you can see him up in front of reporters, that is when he will be peppered with questions about this. are at the trade deals, we headed toward a mini trade deal. that could make stock market rallies take pressure off. look at the stock market. rising risk appetite. the s&p 500 making records every day. why might jay powel

global news 24 hours a day, online and at tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. mi'm mark crumpton. i'm vonnie quinn. welcome to "bloomberg markets." from world, here are the top stories we are following. ge hits the brakes and a move -- cluldd/debt to the debt. looking to move into a green home? jumpll discuss a plan to into the markets. we are halfway into the trading day. taylor riggs joins us from san francisco. : tech continues to tech to way as we await gain a little today. i wanted to take a look at the three year yield, up four basis points to 140. you have three yields rising for a second straight day. today, up about four basis points. i wanted to talk more broadly about yields and what is happening. i wanted to take a look what a selloff on the front end of the yield curve. you can see five basis points on the two-year. only up one basis point. you have the 530's, 65 basis points which is flat. federal reserve members may or may not cut on the terminal, it is looking like a 67% of a fed rate cut. only 30% saying we might

global news 24 hours a day on air and on @tictoc on twitter, powered by more than 2700 journalists andnalysts in more than 120 countries. tuuli mc scotia banks cully talks global growth concerns. have enough to do with an increasingly fragile world economy annmarie: -- economy? this is bloomberg. ♪ >> the risks of monetary policy being too tight, and driving us into a recession exceed the risks of monetary policy being too easy. >> i would personally be more cautious bringing rates down. you are using one of the tools you have. bankers share worries that say the monetary admonition is that it ends. >> that's not to say we don't have a key role to play. we do. if you want to improved potential gdp growth, we need broader -- sounder economic policy. >> it will depend on much more than pup -- monetary policy. kathleen: big names weighing in on the question of the limits of monetary policy. in the asia-pacific region, policymakers have their work cut out for them as they continue to react to monetary easing. and then their own unique domestic challenges. ms-65 -- tuuli mccully, head of asi

global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists ands in more than 120 countries. i am viviana hurtado. this is bloomberg. nejra: thank you so much. let's focus on europe. themed el-erian thinks region will be in recession next year. >> i am not sure the global economy is bottoming out. i think we will have another round of downward revisions in imf forecasts. we will have europe in recession next year and that is not priced in. year, itall speed this recession next year for the euro zone. nejra: those comments and ahead of mario draghi's final policy decision this thursday. it comes at an uncertain time for the euro zone economy. we look back over the last eight years of his 10 year -- tenure. is ready to do whatever it takes to preserve the euro. believe me, it will be enough. isecb president mario draghi credited with saving the euro, but proved willing to take decisive action. he undid the 2011 rate hikes enacted by his predecessor and took the key deposit rate to an unprecedented zero percent to battle the greek and european debt c

global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists andin more than 120 countries. this is bloomberg. matt: thank you very much. rate cuts.another india's central bank is set to reduce rates for a fifth straight time, but the question is, by how much? times, theythat at have done almost unprecedented sizes and shapes of rate cuts. that decision, next. this is bloomberg. ♪ here in berlin, seven: 17 in london. we are 43 minutes away from the market open no matter where you are. i am matt miller. this is "bloomberg daybreak: europe." we got the r.b.i. decision. another cut from india. the central bank cutting its key interest rate for a fifth time this year, this time 25 basis 540 down to 515. not unexpected. a majority of the 39 economists we surveyed predicted the move. the rest forecast cuts ranging from 15 basis points to 40 basis points. i believe the last time they cut it was a 20 basis point cut, which is why said they sometimes do things in odd shapes and sizes. statement saidk there is policy space to address these growth concerns by

global news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. shery: china seems to be pressing because on trumps a fire's military trade deal. steven mnuchin says there are plans for more negotiations. >> the current plan is there will be deputy level calls this week with principal level calls next week with ambassador lighthizer and myself and the vice premier. if we need to have in person meetings, obviously, we will do that. shery: our china correspondent is watching this in beijing. can we take this as beijing's usual measured response, or is there something else here? >> it largely comes down to a lack of trust. the u.s. don't trust the chinese to implement the deal, and that has been a big part of the reason why they push for an enforcement mechanism. that is not there in this phase i deal. on the chinese side, they have significant lack of trust when it comes to it president trump will hold up his side of the agreement. they were we blessed by previous deals that t

global news, 24 hours a day on air and @tictoc on twitter global news, 24 hours a day on air and @tictocitter powered by more than 2700 journalists and analysts in more .han 120 countries what are you watching? is falling. the fed is done with easing. a softer dollar lifting regional currencies led by the korean won. 1%.kospi is adding 9/10 of factoryhat rebound for outputs for september. we also saw that for japan as well. yen is firmer for a third straight session. the hang seng creeping toward 27,000 points with apple suppliers leading the advance on the tech giant's profit. samsung has had a profit beat. this is the chip business, which remains under pressure for the third owner, doesn't it? -- the third quarter doesn't it? >> the chip side of the equation continues to be the achilles heel. a 78% drop in profits, the worst performance in three years. bloomberg intelligence expects profit to continue falling through early next year despite optimism over anticipated recovering in the cycle. this chart on the terminal illustrates chip prices stabilize in the third quarter and samsung ex

global news 24 hours a day on air and on tictoc on twitter powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. ♪ manus: it is bloomberg daybreak europe and i am manus cranny in dubai. it has just gone 9:17 in dubai. it is good to juliette saly in singapore. reporter: hong kong and china out of action today for public holidays but the offshore yuan is at a one-month low on this group that china could be narrowing this go ahead of the trade talks in china this -- in washington this week. day, the asxof the 200 tracking higher. thin trade because of the public holiday. justospi looking flat with a 0.1% gain. onant to focus in more singapore. we are awaiting samsung's earnings. we have seen a hiccup in the share price today. let us look at what we can expect from the third order. we have started to see a downtick coming through but some that there suggesting chip market is near a bottom. estimates are at about a 60% plunge. but samsung shares have rallied about 24% since earlier this year. manus? manus: thank you very much. keeping the pundits all

global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2,700 journalists andnalysts in more than 120 countries. this is bloomberg. nejra? nejra: annabelle droulers in sydney, thank you. let's stay with that story with the sweeping of the argentine election on sunday. he replaced the pro-market incumbent. thatomfort, martin, investors can take is that the margin of loss was not as bad as expected, with the position of the government and how they end up working together. you recently put out a note saying to buy brazil. would you be tempted to step into argentina, given that the results were not as bad as some investors see it? artan: potentially. -- martin: potentially. argentina has been diverting its economic performance, very, very poor. it is the reason why we have had this political change, and the imf gave a bailout to argentina of $58 billion last year. the central bank have been very active over the weekend, putting up controls, and they had no choice, because the foreign exchanges crashed. so the new government is going to meet today. policy depend on

global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists andsts in more than 120 countries. this is bloomberg. much.thanks very brexit talks are at an angry stalemate with both sides blaming the other for refusing to budge. any hope of a deal now rest on a meeting this week between boris johnson and his irish counterpart. but neither side looks like they will give ground on the crucial issue of their shared border. at why thes looked issue continues to derail negotiations. anna: the three hundred 10 mile border between republic of ireland and the u.k. and northern ireland, the only clue you are leaving ireland is heading into the u.k. is this road sign reminding you that speed limits will now be in miles per hour. but the border has had a famously bloody history. violence between irish republicans who favor united ireland and pro-u.k. unionist escalated in the 1970's. the troubles eventually claimed 3500 lives. in the 1990's, the eu single market means that customs checkpoints like this one were allowed to gradually all into ruin. then the good

global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2,700 journalists and more than 120 countries. this is bloomberg. manus? a, thank you. selina wang in beijing. new tariffs on whiskey, french wine, and cheese, among other goods. as much as 7.5 billion dollars of exports from the eu, and the 15-year-long battle over illegal aid to airbus. to retaliateected against the tariffs when the wto rules on the subsidies to boeing, but the european trade commissioner said "the mutual countermeasures would only inflict damages on both sides of the atlantic." our guest joins us. who is going to be hit the hardest by the sanctions? >> i think those that will be hit hardest our consumers, not at the bottom of the consumption table but sort of middle and upper income consumers. that is because a lot of the stuff getting tariffs is stuff that is a little bit of a luxury consumption. those are certainly the ones in the headlines. you are talking single malt scotch, french wine, french cheeses, things of that nature, the sort of stuff that if the trade war is driving you to

. >> global news 24 hours a day, on air, and on tictoc on twitter, powered by more than 2700 journalists analysts in more than 120 countries. manus? manus: thank you very much. coming up on the show, societe generale's chairman says a hard brexit would be a major economic shock to europe. in thathear his views interview. ♪ ♪ it has just begun 6:17 see in london, 9:17 and dfi -- dfic. juliette saly is in our singapore studios. juliette: we see asian stocks jumped the most in about a month as these trade talks near. the yen is lower, the nikkei higher by over 1% today. china trading quite substantially to the upside. the csi 300 up by over 1% even though we had a miss on the services pmi data. hong kong tracking well after its holiday yesterday. hong kong exchanges jumping the most in a month after it dumped that bid for the. london stock exchange the -- the london stock exchange. the kospi getting a boost after samsung's numbers. -- smartphonefor demand in general offsetting this decline you see in memory chip rises. the numbers did come in better than expected but still down about 50% in

follow our global breaking news network, tictoc, on twitter. bloomberg. ♪ whether you're out here on lte. or here on a wifi hotspot. xfinity mobile has more coverage to keep you connected to what matters most. that's because it's the only wireless network that automatically connects you to millions of secure wifi hotspots and the best lte everywhere else. switch now and see how you could save up to $400 a year. and get 50% off when you buy any new lg phone. xfinity mobile. click, call or visit a store today. haidi: welcome to daybreak australia. i'm haidi stroud-watts. shery: i'm shery ahn. sophie: i'm sophie kamaruddin. we are counting down to asia's major market open. ♪ storiesere are the top we are covering in the next hour. another fail for boris johnson as he tries to push for an early election but he says he will try again. a big dip for alphabet as it through cash on the cloud to catch up with mi

check us out on technology and be sure to follow our global breaking news network on tictoc on twitterthis is bloomberg. ♪ taylor: the marketing war over streaming videos is heating up. disney is streaming advertising from netflix. spent 1.8 billion dollars on advertising last year and now it will be playing defense against new services from disney as well as those from comcast and at&t. may 19 has been the year of the tech ipo but not all of them have had hot starts. any have had crazy high valuations that end up dropping at the 11th hour of going public. it is such a trend that earlier this week, startups and investors held a closed-door to provide alternatives to initial public offerings and one alternative is direct listings. here to discuss is jeff thomas. let us talk about this. ipo --isstings versus this a structural shift going on in the market? >> companies go public because they need to raise capital, provide liquidity, have m and a currency -- m&a currency and promote their brand. you cannot raise capital with a direct listing but you will create liquidity for your sharehold

global news, 24 hours a day on air and @tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. thanks very much. up, after some of the most serious clashes since the rallies began, we are bringing you the very latest live from hong kong. that's next. when you are traveling to work, tune in to bloomberg radio on your mobile device or dab digital in the london area. this is bloomberg. matt: this is "bloomberg daybreak: europe." hong kong is reeling from the most serious clashes since protests began in june. a protester was shot by police with a live round as china marked 70 years of communist rule. protesters are planning for more disruption. sophie kamaruddin is outside the train station in one of the districts affected by the protests. could clouds over hong kong make things worse today? life has returned. it's going to be difficult to show up to today's event. is the burned-out entrance of a subway station. i can still smell the char in the aftermath of tuesday's event, a day of grief. the police chief is calling it hong kong's mo

onbal news 24 hours a day, tictoc and twitter. this is bloomberg. bounce, currencies, commodities. it is an interesting market. it is not dead but it is churning after the two big days, friday and monday that we saw. futures steepening over the last number of days. oil not part of the story. the vix 13.27 with a nice 12 handle earlier. there is the close on x.p.s. yen correlates outs with weaker yen. we get closer to that 109 level. i didn't know what else to do. francine? francine: tom, i'm actually also looking at japan but not the yen like you are. i'm looking at the yields on japanese 10-year bonds hitting the highest since june. it brings me to german bundes which intent a little time on yesterday currently holding steady. european stocks are slipping. there is a lot of focus on corporates. let's go on to bloomberg. tom: i have a great chart here. i mentioned it yesterday. didn't have time to show it. i have shown it many times before. within a quiet day on the brexit front, francine, is there a vote today? francine: yeah, there is a vote. we k

follow our global breaking news network, @tictoc, on twitter.loomberg. ♪ the game doesn't end after that insane buzzer beater. because with nba league pass on xfinity you can watch the out of market games you want- all season long. and with the all-new xfinity sports zone, you get everything nba all in one place- even notifications about your favorite teams. watch the dropped dimes, monster blocks, and showstopping dunks. plus get instant access to your teams with the power of your voice. that's simple, easy, awesome. say nba league pass into your voice remote to check out a free preview. don't miss out. >> this is bloomberg "daybreak: middle east." optimism about a trading would china and solid earnings boost sentiment. over theghi hands reins of the ecb to christine plea formid one final better fiscal policy across the euros. and hastens toin trigger a snap election in the u.k.. will he have any luck when he gives it another shot later today?

global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. paul: thanks. the trump administration has blacklisted eight chinese tech companies, accusing them of human rights violations. the move came just as u.s. and chinese negotiators began preparations for trade talks for later this week. we have two of our trade experts on opposite sides of the globe. tom mackenzie in beijing and sarah mcgregor in los angeles. let's start with you. what exactly has the trump administration done to restrict business around these companies? administrationp took a similar move today as it did against a company like huawei, where it put it on a blacklist. u.s. companies are barred from doing business with these chinese companies. there are a lot of american suppliers in california who deal with these chinese companies. some of thed from people in silicon valley that it does hurt the u.s. companies as well, and so, with this action today, that really became a bit of a surprise because i

global news 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm su keenan. this is bloomberg. ahead, wrapping president xi's trip to india. david: next, our exclusive interview with the finance minister of malaysia. he gives his take on the economy and how they plan to spend their money. this is bloomberg. ♪ this is bloomberg. ♪ widened itsysia budget deficit target for next year, givens -- finance minister lim guan eng discuss the budget plan with an exclusive interview. plans forss having any necessary preemptive if global worsens. we are hopeful that the latest arrangement, half a deal for it has is worth, lessened global certainty. this will help to boost growth which was of course prioritized by the current government. haslinda: so you have been encouraged? --hael: at this moment lim: at this moment we are grateful for any progress. haslinda: given that the government is deep in liability, how much space do you have to overcome any macroeconomic shocks? we expanded the budget slightly. -- lim: there is

global news 24 hours a day, on air and @tictoc on twitter, global news 24 hours a day, on air and @tictocter, --powered by more than 2700 journalists and analysts in more than 120 countries. keenan. this is bloomberg. haidi: let's go to hong kong for a check on fx. sophie: the lira has been under pressure, earlier reaching 590 per dollar with more potential weakness ahead if president trump supports sanctions which could see the currency test the year to date a height above 620. the pound slipping against all of its g10 peers. e.u. negotiators warned boris johnson's plan is not yet good enough. the offshore yuan holding a three-day advance not far off from friday's session high of 707 on the partial deal. the pboc fixing will offer guidance on yuan moves this week. the reference rate is around 707 since september 17 and this could see the yuan rally against the greenback. this one is more cautious on progress around a trade deal, seeing 7.20. trump putting a positive spin on the partial deal with china while beijing is more cautious and others are more critical. the american apparel and f

global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. paul: thanks, jessica. let's take a look at the market action and the countdown to the dogs number later on friday. that's get over to su keenan. in the s&p 500, biggest gain one month. what were the highlights? su: that cheered investors. we saw 3% today drop in the s&p earlier this week and there are concerns, will this jobs data possibly be yet another weaker than expected report? let's go right to the market snapshot. at one the areas of strength as tech lead the rebound. momentum stocks are losing momentum. we are looking at the bloomberg where you can find these charts on gtv with our library of charts. this is a chart of the withdrawals from the etf, which is called -- it tracks stocks known for their momentum and people have been pulling out. let's see where the momentum was in this latest session. you will notice tech heavily on the list of big movers. nvidia, jcpenney. and that's going to some of the recent ipo's just t

. >> global news, 24 hours a day on air and @tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. >> thank you so much. coming up on bloomberg tv, we speak to top newsmakers. we will hear from the vice president of the european commission at 11:30 a.m. london time. we also have an interview with the eu commissioner for economic and financial affairs at 3:30 p.m. london time. lastly, we speak to a bank of england governor mark carney at 5:30 p.m. london time. last but certainly not least. do not miss those conversations from the imf world bank meeting in d.c. ♪ nejra: this is "bloomberg daybreak: europe." pictures of unrest in spain, continuing. protesters demonstrating in the catalonia region. we will keep an eye on those developments. inackdrop for the election november. let's check on the markets. hong kong is back today. good to see you. how is it looking? we are seeing asian stocks a little muted, though they are on track for another weekly gain, a rise of 2%. you can see the msci asia-pacific flat in late trade as we

global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. manus. manus: annabelle, thank you very much. demonstrators in hong kong set fire to shops and parts of rail stations on sunday. it is the 20th straight weekend of chaos that -- protests. stephen is on the streets and joins us now. policythe appeasement of that they put to the people has not seemed to stop the protests. what was this weekend like? stephen: it was the 20th consecutive weekend of violence. there was an unauthorized march. the police did not authorize that and it led to what we have seen repeatedly many sunday afternoons, and that was an escalation of at least material violence, violence against chinese businesses or businesses that are perceived to have pro establishment or pro-government leanings or that are against the protests. aomi, a chamois, -- xi mainland chinese phone maker. one shop was burned. and ransacked. we had a number of other shops snapshot,ed ties to a and several of those shops, i have seen them

global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. shery. shery: thank you. downing street says delaying brexit until 2020 means calling and election. that is after mp's voted against boris johnson's fast-track timetable to get the withdrawal agreement bill passed by october 31. annmarie hordern is in london. theaw parliament supporting general principle of the deal, so why did they not want to fast-track it? mp's felt -- >> uncomfortable with fast tracking a 115 page document that will change the course of british history. they say it was not enough time to scrutinize and really look through how the impact of this brexit deal would be on the ut economy, so while he did win a bit of a victory in the sense that he was able to get the deal through, whether or not mp's agreed in principle on it, they did not agree to the fast-track amendment. force johnson said if they were going to vote down the fast tracking of the bill that he was going to push for a general el

welcome to global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. -- welcome to "bloomberg tuesday, on this october 15. a real push and pull here between the micro and the macro. you get a readthrough on u.s. growth, as well as bank earnings. euro-dollar modestly weaker. some pessimism over in europe. the bond rally echoing what we saw yesterday in europe. yields down by about four basis points. bank earnings are kicking off this morning. beats onp reporting everything except equities and trading. sonali: they did not be don't equities trading, but they did beat on fixed income, so that is good. they want to be the number one equities trading shop, so not beating there is not a great sign. average loan growth a little sluggish. jamie dimon put some notes of caution in the initial statement, saying that consumer sentiment might be strong, but generally a lot of weakening sentiment here. in the initial statement, they don't give the outlook for net interest income. however, if they revise downward once again, t

global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2,700 journalists andlysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ shery: stocks pushed to their lowest since august, and the dow has followed almost 600 points. su keenan joins us. even the 10-year yield sinking. dismal economic numbers. su: and technically, there were a lot of things going on for the s&p 500, which is still up year today, and let's go into the bloomberg. it also broke below an important price trend average that was set back in august, so, again, if we can go into the bloomberg, the s&p 500 again sending a signal that what we are seeing here is, perhaps, bearish momentum starting to build, and what the truck watchers say is a shifting momentum, that could mean -- and aat stock watchers say is shifting momentum. we also saw energy one of the big declining sectors along with financials. slightly positive futures, so that is interesting, but we did close off the lows of the session, which is technically important. let's go to the big movers, and note a big pickup

global news 24 hours a day, on air, at tictoc and on twitter, powered by more than 2700 journalists andsts in more than 120 countries. i'm risk at bupa -- rikita gupta. this is bloomberg. deal: a potential trade and positive brexit talk gave bulls a chance to run, united airlines grabbing the spotlight after hours. su keenan has highlights. should we start with the regular session? off to aearnings got good start, layer in brexit and trade news, analysts say it is what we like to see. take a look at the snapshot, health care stocks among the leaders, treasuries pressured lower, that had a lot to do with the risk on backdrop spurred by the report from the u.k.. let's go into the bloomberg, because the brexit relief rally could be seen. look at the yellow line on the chart we are pulling up. it can be seen in np futures, which seemed to rise with the currency charts out of the u.k.. let's look at big earnings, because as one fund manager said, you have the markets obviously responding well to all the news, earnings and geopolitical, banks kicked it off, j.p. morgan, undisputed leader in t

global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am jessica summers. this is bloomberg. paul: thanks, jessica. let's get to our top story. trade talks wrapping up in washington with initial signs pointing to a positive day one. the high-level meeting was extended late into the afternoon and will continue on friday. completed a we just negotiation with china. we are doing very well. we are having another one tomorrow. i am meeting with the vice premier over at the white house. and i think it is going really well. i will say, i think it is going really well. paul: let's get to our china correspondent, tom mackenzie, in beijing. tom, progress report. how much have we seen so far? tom: from the president, he is sounding very up beat about how much progress has been made in these talks. crucially, he will be meeting he in the'hara -- liu white house. that is a key development and suggests there has been material progress in these talks. it is unlikely that the o'hara he would bea -- liu meeting if t

global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i am su keenan. this is bloomberg. ♪ tom: thank you very much. let's dig deeper into the themes driving markets today. what are you focused on today? brexit, china and trade, or hong kong? >> good morning. you know, in asia the markets have had a pretty quiet open. not a lot of drama. for brexitsetback in the u.k. parliament has pulled the pound down a little, but kind of a no-drama opening. regarding the financial times news article on a possible replacement for carrie lam in hong kong, one thing i would note about this is that the two people mentioned as possible replacements are both economic skies, finance officials -- economics guys, finance officials. they could be focusing on different people. they could choose a politician. they could choose someone with expertise in security. but i think the fact they are focusing on guys who are experts will be a long-term benefit for hong kong shares. rishaad: thanks very much. let's quickly get to the financ