trade data coming on tuesday. we get some u.s. gdp on wednesday. ut for that as well, and some housing and personal spending data. the u.s. personal income data dropping on thursday. i want to get to a big debate that's happened in the fixed income market throughout 2018. two pockets of fixed income have outperformed. one has been high yield the other has been leveraged loans. i was very happy to catch up with two people on two different sides of the trade. we asked them whether either side has room to run. listen to what they have to say. >> i think the leveraged loan trade is not because you will make a lot of money. you get decent income but if you wrong and things turned south the protection you have because of seniority is going to be very significant and i make the supply of loans have been somewhat of a problem where you see lots of issues coming into the marketplace who would not have come in normally. if you have an actively managed fund where you pick the right securities and a down cycle loans will really distinguish themselves. >> how di

trade data coming on tuesday. and we get some u.s. g.d.p. working out on wednesday. out for that as well. and housing and personal spending data, the u.s. personal income data dropping on thursday. i want to get to a big debate that has happened in the fixed income market in 2018. two pockets that have outperformed. one is high yield, and the other is leverage loges. but leverage loans have been outperforming high yield. i was hope to catch up with two people on different sides of the trade. one is cris of oppenheimer funds. we asked them whether either side has room 0 rub. take a listen to what they have to say. >> i think the leverage lone trade is not going -- because you are going to make a money -- a lot of money on it. you get decent income. if things turn south, then the protection you have because of seniority is going to be very significant. i think it is fair to say that the supply of loans has been somewhat of a problem where you see lots of issuers coming into the marketplace who wouldn't have come in normally. but i think if you have an actively managed

u.s. inflation data. and china trade in form reserve numbers will be very much in focus to the week. ne still with me. mary bowers, krishna memani and bryce doty. ppi, cpi. effectively learning about the u.s. inflation outlook. don't expect anything in that would be a confirmation that despite relatively good growth inflation is not picking up measurably. mary: we are watching a lot of the same you are. we are right in the heart of high-yield earnings that have been pretty well received. we will continue to watch them thought about. havehan: to what extent the outperformance over the last couple of months come from the scarcity of supply and the fundamentals and earnings of some of these companies? that doestechnical, feel kind of like a weak reason to hold high-yield. we have not seen a return of inflows they could see some spread widening. as we alluded to earlier, everyone is waiting to buy the debt. the spreads continue to be prearranged. jonathan: i hate to cliche term, cash on the sidelines. in fixed income there really is a lot of cash sitting there and waiting for a downturn.

the u.s. data is very strong and u.s.quity market is very strong. >> as we have seen, the power lies with the president. >> investor reaction of renewed trade talks between the u.s. and has and larry kud lmp ow been defending the tariffs. for more on all of this let's bring in senior u.s. economist. good to have you here. we looked at the markets and saw a bump here. the most in three weeks when it came to the s&p while it talks about talks. people are looking for some hope and optimism. >> i think we need some good news on the trade front. it seems to be very one way in the u.s. continuing to push other nations. where does that end up leading whether it is a war, skirmish or battle, there is a lot of negativity in terms of growth for the u.s. and around the world. >> there is positivity just for the day. where does this go looking forward? august 23 deadline for the $16 billion there as well as september for the $200 billion. >> the $200 billion is the big game changer. because we are not just talking about that, but one

more u.s. data matters than what comes out of bankers, in that sense. en if the political tensions go away between the u.s. and ankara, and even if there were to be a turnaround from erdogan and he took a different policy stance, unc strong data -- you would see strong data out of the u.s.. >> but there is a strong sentiment gap in dollar turkey, for example. the fundamentals remain the same. in the rally in turkey would sell pretty quickly as it would in em, as we saw yesterday. manus: what did you learn about liquidity? i hear a lot of say the markets are thin. is it really? work in the south african industries or the indonesian industries on sunday night, you would have been at the lack offf liquidity and prices we saw in the rand, the movements there. yes, liquidity is a bit of a problem at the moment, but in the grand scheme of things, the are -- these are exercise moves amidst market pressure. it has been a tough year for us, so as soon as we get anything close to a short that, we will pile in. manus: jeremy, thank you very much, a hacked off trade

trade data coming on tuesday. we get some u.s. gdp on wednesday. ut for that as well, and housing in personal spending data. that is dropping on thursday. a debate that's happened in the fixed income market throughout 2018. two pockets of fixed income have outperformed. high-yield and leveraged loans. leverage loans have been outperforming high yields. i was happy to catch up the two people a very different sides of the trade. we asked them whether either side has room to run. listen to what they have to say. loanthink the leverage trade is not because you will make a lot of money. you will get decent income. if you are wrong and think stern south, the protection -- think stern south, the protection will be very significant. the supply of loans has been somewhat of a problem for you see lots of issuers coming into the marketplace who would not have come in normally. if you have an actively managed fund, in a down cycle they will not really this thing was themselves. >> how did that work out in 2008? not very well. loans were down 31%. we are seeing

i do not there is -- i do not think there is a change in u.s. data. are overuestions whether they normalize. that is an absolute divergence. the only exception is the bank of japan where there is a glacial move towards exit, that isn't marked contrast to what we are hearing -- that is in marked contrast to what we are hearing. mark: can we talk about the bank of england sterling. the payoff if brought expectations for a reduction in rates comes through around march. do you believe the bank, depending on the brexit outcome, could cut rates if the v8 leaves the e.u. and points to a hard brexit. daragh: that would be the response. we are going to get to a remarkable point where we have to hike or cut. it will depend massively on your view of how the brexit story pans out. the bank of england has a working assumption that it will be a smooth transition. it is a brave transition, but it creates an asymmetry for sterling. if anything other than that happens, they will have to cut. that is your risk scenario and it means that those risks are skewed to the do

sue, even some positive u.s. data couldn't stop this sea of redful >> not at all. name the commodity, it's a down day. the trade war and turkey. the only one-two punch, stocks closed off the lows but boy, they were down. 10 cent, tech stocks were the lowest. the s&p 500 again down for a fifth out of six sessions. let's go to the commodity story. the bears in control. g.t.e., copper and commodities as a whole tumbling amid the trade woes and the big movers. tesla sexilet subpoena worries the least down stock of the bunch. macy's as mentioned, getting hit hard excite the fact it beat -- despite the fact it beat earnings. ten cent off its low. and micron, the chip sector getting hit hard. a lot to do with the fact we had a lot hedge funds dumping micron. let's go back into the bloomberg real quick, g.t. effort. retail sales were jumping more than forecasts. didn't matter, stocks were in selloff mold, joining the rest of the world at a better than one-month low. haidi: we have earnings coming through on the bloomberg here in australia. australia's biggest global insura

u.s. features. we are looking up more declines on the opening. data 76. nasdaq down 22.ly gravely ill surrounded by family and hospital in detroit. known as the queen of soul, the 76-year-old has not performed since last year citing dr.'s orders. franklin has battled many home albums for a number of years and her family is now asking for privacy and prayers. officials have found the site data reporter as well as human remains after an airport employee hijacked the plane and crash it on a remote island. richard russell took off from seattle tacoma international airport among us about his experience he said that playing video games helped him to fly. he did not have his pilots license and and he was alone on that plane. a nightmare of a trip on a virgin atlantic flight with passengers thinking for the heat on board the plane. they sat on the tarmac in a land of with no a/c for two hours before it was finally canceled due to add to the chaos, the replacement rate to london had to be diverted to ireland when the cabin filled with smoke. imagine being on the way. not at all.

the u.s. data is strong. the u.s. equity market is strong. francine: right, but for how long? andrew: the question is until those things shipped. you could forgive the administration for thinking of their strategy is the right one. telling user people this is dangerous, but so far, it hasn't. we still think those trade tensions escalate until you see a market response. francine: how much longer will the tax cuts have an impact? andrew: this is a big debate amongst economists, far more granular than my expertise. this explains the divide in economic forecasts. at morgan stanley, we think a lot of that benefit is actually behind us, and that will lead to u.s. growth in the celebrating slowingbrating -- down. there is little precedent for this much spending to be done at this late in a cycle. it is hard to model, but we think it is behind us. francine: let me get to the geopolitics concern for turkey. let's get straight to good from a wolf -- guntram wolf. will the standoff with the u.s. a deep in? -- deepen? can they make up for it? i think it is important for the president to s

u.s. economy you could flatten. the negative data we are seeing from the u.s. omy, that may be a supply specific phenomena in. mortgages are moving higher. affordability will be an issue. that has to be at the back of the fed's mind. if that momentum is weaker, housing data continues. >> is there a tipping point with 10-year rates? at which point it becomes more restrictive on the economy? focus on theink we 10-year rates. we focus on broad to financial conditions. that has been the restriction. effectwe see a spillover of higher u.s. yields, widening credit spreads, ultimately the fed will be relatively relaxed. i think it is about the broader picture. thank you very much. on whatto get an update is making headlines outside of the business world. >> rolling back obama era rules, federal targets at 37 miles per gallon. the rules call for the standard to rise to 50 miles per gallon by 2025. administration officials say that would have added to the average cost of a car. retaliate against the u.s. threat to raise tariffs. the trip administration has concerns it is

u.s. census data.

u.s. ppi data -- romaine: and am looking at u.s. ppi data.om is reporting third-quarter earnings before the open of trading. scarlet: that does it for "what'd you miss?" julie: "bloomberg technology" is up next. romaine: have a great evening. this is bloomberg. ♪ phones have made our lives effortless. streaming must see tv has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile, saving money is effortless too. it's the only network that combines america's largest, most reliable 4g lte with the most wi-fi hotspots. and it can be included with your internet. which could save you hundreds of dollars a year. plus, get $150 dollars when you bring in your own phone. its a new kind of network designed to save you money. click, call or visit a store today. emily: i'm emily chang in san francisco and this is "bloomberg , technology." fallout from elon musk costs plan to take -- elon musk's plan to take tesla private. firstsnap reporting its ever drop in daily users. what is it doing to sta

u.s. drops off. we have seen dataelatively strong in the u.s., but to jim's point, we see rate hikes coming through, can the u.s. maintain that growth is emerging markets, asia starts to pick up? it is always hard when you see markets diverge giving the trade links we see an tariffs. thoseifficult to see how positions are insulated from one another. alix: rachel evans and jim paulsen will be sticking with us. bullish on corporate credit. we will speak with the head of macro strategy who says all the drama about the supply coming on september might be overblown. this is bloomberg. ♪ ♪ >> this is bloomberg daybreak. i'm kailey leinz with your bloomberg business flash. coca-cola is expanding and a hot drink business by buying global brand. it is requiring a british chain for $5.1 billion. that is his biggest acquisition in eight years. both cook and pepsi have been seeking alternatives on the market in sugary drinks declines. the second-biggest u.s. ride-hailing company lyft will try to beat the public markets. they will

it is all-time back to u.s. data.h, conference still at an all-time high in the u.s. and the numbers in the u.s. market are so very light. i think the risks still point to you that willie to a hawkish fed and maybe the market reducing its long-term rate in the future. has gottenk esn ask used to it? >> it is difficult to say. willnot sure how the rnb react to the next right of tariffs. seat,e they are in a back they have to let they market push to wherever the market wants to go. the 6.95, in which case currencies will follow that again. turkey was off last week, so we did not get a lot of turkey risks. you see anything like turkish concerns again, the dollar can strike that broadly. is palling the next central bank to hike? >> i would say they are definitely poised to hike. the likely be ok, even though you have hawkish defense in thailand and people think the hike is overdue, the inflation data is not there yet for the near terms. at least not in the next quarter. you may start seeing more terms of a rental rate hik

. >>> a survey of gun deaths worldwide ranked the u.s. 20th. data? 1990to 2016. 250,000 worldwide die from guns. 2/3 were homicides. u.s. is among wealthy country where suicide by gun out numbers homicide by guns. >>> puerto rico government raised the official death toll from hurricane maria to 200975. it had to be 64. people -- two, 975. it was partially because physicians lacked training. >> it's alarming and encouraging. it's alarming because of the number of deaths it's alarming that the study had to be conducted. it's the most preeminent study. they can go to study because of the lingering effects from the hurricane. the report said there was inadequate preparedness. >>> it's been a cool day today. look at concord. talk about fire danger being lower. the fire dangers are below the average. as we head toward the weekend temperatures warm up. overall it's been a cool week or so. that's good news for firefighters. this is the areas in fairfield better and cooler. that's aided cal fire in their endeavors, we have a weak trough. inversion was 3,000 fe

u.s. is providing targeting data so it's it's horrendous and i would say the u.s. because absolutely direct responsibility for this it's telling the saudis what to do it's telling the probably the u.a.e. what to do certainly the saudis it's a horrible bloody business and it's it's a war that's gotten virtually no attention in the us. israel and hamas militants have reached a ceasefire agreement following two days of trading heavy fire. in one of the latest bombing raids a cultural center in gaza city was destroyed the israeli defense forces launched the operation after hamas militants fired dozens of rockets into southern israel. the gaza health ministry says an i.d.f. strike killed at least three people on wednesday night including a pregnant woman and her eighteen month old child a local journalist was at their funeral forests. we are attending the funeral of we not some beyond us and by god were killed yesterday during that abstracts launch from gaza strip and that's a plus three year old mother that was pregnant with a nine month baby i'm expecting him at any m

it's supposed to make its final approach solar physicists are eagerly anticipating a trove of new data. the u.s. city of charlottesville virginia has been marking one year since the violent white supremacist rally that claimed the lives of three people the anniversary was marked mainly with peaceful vigils on saturday but there was a brief tense confrontation between police and demonstrators who were angry at the large number of officers in riot gear last year hundreds of white nationalist sentiment charlottesville to protest the removal of a monument to confederate general robert e. lee the rally turned violent as protesters clashed with counter protesters culminating in the death of thirty two year old heather higher he was killed when a man drove his car into a crowd our correspondent i was under phenomena was in charlottesville where she spoke with highers mother had ohio always had that sparkle in her eyes her mother susan brule told me when we meet in charlottesville carrying on her daughter's fight for social justice she says hopes were to cope with the grief when i first held the earner

data. if you are doing u.s. trade, the data that i just showed you which is all data the census bureau collects, it's great if you want to have a u.s. perspective, but if you're curious about what's going on with other countries, the wto has really good top level overviews of trade with other countries. so especially they have something called country profile. and they look like this. and they have one for every country in the world and it tells you, you know, what the -- >> you can pull these up here and they have really great data, and it also shows what these bars at the bottom are and how you can see these, who that country trades with. so you can see here that canada overwhelmingly trades with the united states. the united states is the blue in those bottom two bars. so you can go to this page and find out really quick if you had to write a story about canada and the u.s., being in a trade war because apparently canada is a national security threat now. you could go to this and you could see that 76% of u.s.

it's supposed to make its final approach solar physicists are eagerly anticipating a truth of new data. the u.s. city of charlottesville virginia has been marking one year since the violent white supremacist rally that claimed the lives of three people the anniversary was marked main whitley with peaceful vigils on saturday but there was a brief tense confrontation between police and demonstrators who were angry at the large number of officers in riot gear last year hundreds of white nationalists the center in charlottesville to protest the removal of a monument to confederate general robert e. lee the rally turned violent as protesters clashed with counter protesters culminating in the death of thirty two year old heather higher he was killed when a man drove his car into a crowd our correspondent alexander phenomena was in charlottesville where she spoke with highers mother how the high you always had that sparkle in her eyes. told me when we meet in charlottesville carrying on her daughter's fight for social justice she says helps her to cope with the grief when i first held the urn with her

u.s. is about to turnbull let proof is not proving out the data on a foreign basis. >> what i'm trying to david's point is there's a lot of noise on trade, it's a tradeoff for the economy, much more damaging to the u.s how does it affect u.s. market here, do you drive your u.s. market allocation based on your concerns about trade >> i think inevitably it does, but i think our starting point is more valuations and whether it's attractive to take risks and i think our view has been inclusive of the trade restrictions, but a number of other factors, valuation isn't that attractive in other areas of the risk areas. the nuance on the trade discussion is really around what a bilateral trade is for the u.s., which is the u.s. versus everyone else. u.s. versus everyone else may not turn out so positive for the dollar or for the u.s. we think we're probably in a pretty early stage, but what we would like to see and what would make us feel more secure on the risk side is that you actually see some of the offramps being left open and it's not so obvious to us that they are being left open. >> david,

u.s. sanctions on iran are scheduled to take effect. plus, we get the summary of opinions from the boj meeting, another round of earnings and economic datading a reading u.s. inflation, u.k. gdp, and china trade and foreign reserve numbers will be very much in focus. everyone around the table is still with me. mary bowers from hsbc global asset management, krishna memani from oppenheimer funds, and bryce doty from sit investment associates. krishna, on your radar next week? krishna: ppi, cpi. effectively learning about the u.s. inflation outlook. don't expect anything new on that front, but it would be a confirmation that despite relatively good growth, inflation is not picking up measurably. mary: we are watching a lot of the same you are. as well, we are right in the heart of high-yield earnings, which so far have been pretty well received. we will continue to watch that. jonathan: as you look at what is happening in high-yield right now, to what extent has the outperformance over the last couple of months come from the scarcity of supply and the fundamentals, the earnings of some of these companies? mary: it is both, really. and the t

u.s. is providing targeting data so it's it's horrendous and it was so the u.s. bears absolutely direct responsibility for this it's telling the saudis what to do it's telling the probably the u.a.e. what to do certainly the saudis it's a horrible bloody business and it's it's a war that's gotten virtually no attention in the u.s. all on the so much more twenty four seven want another up for all of the use a straight to mobile device for now here moscow is kevin know him saying thanks for watching this moment and. this is my love hate relationship with the united kingdom. and the love it because it's shambolic and fraudulent. and i buy the cow to hate it because thousands tens of thousands of people have the lives destroyed by r.b.s. . but with opposed to some of us the. last time we chased. each one of carrying twenty kilos of drugs. forced a fence down. blues that they just stepped. into the three we have made the little men they that they have. this is for me. it would be i don't see a porno they don't. make. i will bring. around war. this is bull. bus broadca

u.s. futures, the mood is pretty mixed but slightly weaker as far as the dollar is concerned about 18 points softer nasdaq about 3 points higher as well today in materials of datan't that much to watch out for but in the u.s. inflation data toward the end of the week and we want to keep an eye on that. >> now protests broke out in several iranian cities over the weekend as the country braces for the return of u.s. sanctions. hundreds rally to demonstrate high inflation the white house is set to restore sanctions later today after president trump pulled out of the nuclear deal last may meanwhile, secretary of state mike pompeo says the u.s. will, quote, fully enforce sanctions against iran he added the white house will detail the implementation of the new sanctions here today i'm happy to say that jared and former state department coordinator for the iran nuclear implementation joins us on the line good morning to you, sir it's very, very early for you. before we get into some of the repercussions of imposing and reinstating the sanctions, what type of sanctions should we be expecting? >> so the sanctions that are going to come back into place this week are the

u.s. census data and simon's national consumer survey showed that two hundred seventy four million americans used man they as our managers type salad dressing in twenty seventeen and is projected to increase to two hundred seventy eight and a half million in twenty twenty so minutes the opposite of being murdered by millennialist or anyone else is actually booming and is more popular they catch up oh well i'm sure we could find a way to blame the increase in horseradish sauce sales on the russians tomorrow. yeah so bombs to mamie's love this so what's at the heart of this is that knee jerk reaction in society today we're going to blame somebody blame because if something doesn't go right for me and screws up my life i have to blame the generation of kids blame them for they screwed up man is i mean blamed for this but blame him for by legacy media they've been blamed for the murder of dinner cruises napkins running bar running bars of soap sex marriage homeownership one cork's department stores diet i'm sure there's a lot more that establishment media has you know used as a quick way to blam

u.s. customs data between february and june shows an increase in venezuelan oil exports to the usa a fortythree percent it's clear what washington were. i want to be careful what i say but if i say we we are very hopeful that there can be a transition in venezuela and we the cia is doing its best to understand the dynamic there so that we can communicate to our state department and to others the colombians i was just down in mexico city and in bogota week before last talking about this very issue trying to help them understand the things they might do so that they can get a better outcome for their part of the world and our part of the world if donald trump's now secretary of state wasn't directly contravening the u.n. charter there the u.k. government not only appears to support the pompei or narrative he uses it to taint the labor leader jeremy corbyn with the oil rich media maligned nation of venezuela iraq general general and the leader of the opposition asked me what planet i was on and what we all know what planet he in his shadow chancellor on its planet venezuela of course theresa

u.s. customs data between february and june shows an increase in venezuelan oil exports to the usa a forty three percent it's clear what washington wants i want to be careful what i say but suffice that we we are very hopeful that there can be a transition in venezuela and we the cia is doing its best to understand the dynamic there so that we can communicate to our state department and to others the colombians i was just down in mexico city and in bogota week before last talking about this very issue trying to help them understand the things they might do so that they can get a better outcome for their part of the world and our part of the world if donald trump's now secretary of state wasn't directly contravening the u.n. charter there the u.k. government not only appears to support the pompei or narrative he uses it to taint the labor leader jeremy corbyn with the oil rich media maligned nation oh venezuela iraq general general in the leader of the opposition asked me what planet i was on and what we all know what planet he and his shadow chancellor on its planet venezuela of course the

u.s. customs data between february and june shows an increase in venezuelan oil exports to the usa a forty three percent it's clear what washington wants i want to be careful what i say but suffice that we we are very hopeful that there can be a transition in venezuela and we the cia is doing its best to understand the dynamic there so that we can communicate to our state department and to others the colombians i was just down in mexico city and in bogota week before last talking about this very issue trying to help them understand the things they might do so that they can get a better outcome for their part of the world and our part of the world if donald trump's now secretary of state wasn't directly contravening the u.n. charter there the u.k. government not only appears to support the pompei or narrative he uses it to taint the labor leader jeremy corbyn with the oil rich media maligned nation oh venezuela iraq general general in the leader of the opposition asked me what planet i was on and what we all know what planet in his shadow chancellor on this planet venezuela of course theres

the data we are looking at whether in china or the u.s. continues to hold. ly well. some companies talking about greater uncertainty, some tariffs orighting tensions but if you look at the broad picture in the macro data and what we're hearing, as yet, you're not seeing them have a significant impact on growth. risks are still ahead. francine: thank you, richard turnill staying with us. head of deutsche bank global fx strategy. we will talk about dollar and euro and the south african rand. that is at 6 a.m. in new york, 11 a.m. in london. this is bloomberg. ♪ this is bloomberg. ♪ ♪ tom: "bloomberg surveillance," extraordinary backstory. i cannot convey enough, america, whatever the political feel, jaw dropping and continuing awe about a president doing a foreign policy over twitter. we see that in south africa. richard turnill, all of this is a domestic story for south africa but it has been internationalized by the president of the united states. movingbout inequalities, from a colonial architecture to a modern democracy. here we have the president, on the l

u.s. treasury data. >>> attempting to limit the impact of u.s.tions on his company and plus by reducing his holdings he submitted a proposal to foreign assets control which would see the hoilds cut from 70% currently to below 45% the shares would mainly be transferred to russia's banks according to the report of the financial times. >>> a look at how european markets are traveling an hour and a half into the trading session. still got selling the dax is down half of a percent we're seeing some of the losses trimmed in europe. knee jerk reaction at start of the -- [ inaudible fears about what migration policy could look like in that country as you have a cobbled together coalition government that the number one focus is tackling on the migration crisis you can see why there's caution around the italian trade fx, the -- [ inaudible the dollar losing ground to the japanese yen which highlights that around the safe-haven japanese trend the dollar making gains. we are going for a shift change here, steve. >> absolutely. let's concentrate on latin amer

u.s. da showingusda data soybean yields coming in at 51.6 buscher's -- bushels per acre. , soybean ending stocks 116 million tons. the u.s. is cutting e.u. we output estimates as well for for, 137.5 million tons 2018 to 2019. ,oybean futures falling 2.6% falling as much as 3.1% earlier on the data. trade tensions aching these commodity markets very anxious right now. usda cutting e.u. e-sports estimates and futures falling by as much is 1.6%. kevin: fascinating to see in real time how the trade tensions are impacting the agricultural sector. we have much more coming up, because the next wave of primaries are on deck for next week. we will look at some of the key contests with our all-star political panel. this is bloomberg. ♪ ♪ shery: this is bloomberg markets, balance of power. i am shery ahn. kevin: i am kevin cirilli. mark: in virginia, prosecutors expect to rest their case in the financial fraud trial of president trump's former campaign manager paul manafort. they have been trying to show that he obtained millions in bank loans fraudulently. two prosecution witnesses have been granted

u.s. data shows 3.5 million people reequity loed for a new job last year.ew jobs in 1999. experts cite a number of factors including changing family ties and openings near home -- more openings near home. uproot their lives for work. >> the "times" of london report the pub, usain bolt of pugs claimed the victory in international race. the dog won the race in just under 6 seconds saturday. she raced against dozens of mere mortal pugs in berlin. owners usedre and toys and "who's a good boy" to encourage tht but almost as fast. >> the endorsement deals are coming. >>> a new cbs tracker poll puts democrats in a better condition than republicans to gain control in november's med term elections. but many contests are still considered toss ups. analyzing poll number is a specialty of anthony salvanto. he's out with a new book called "where did you get this number? a pollsters guide." good morning. >> thanks for having me. >> what do you make of this poll? >> well, democrats are in a stronger position than republicans and they have gotten a little stronger over the

the fed will be watching the u.s. data.ay that the bank of japan governor is not going to be attending the meeting, which is somewhat unusual. any take away from that? mike: no, it may be the topic. this is a bit of a different year. market structure, the way markets work. we do not expect mario draghi here either. the only central bankers from other countries are from the smaller emerging markets and some of the secondary level people from the ecb. it will not the as internationally focused as it usually is. but they do have jay powell here, and that is all markets will care about. david: that is mike mckee on location in jackson hole. tomorrow, live from jackson hole, we will talk to james bullard, st. louis fed president , as well as the dallas fed president and the atlanta fed president. julie: it will be busy. do not forget to watch "commodities edge" at 1:00 p.m. eastern. david: this is bloomberg. ♪ >> from new york city, i'm jonathan ferro. this is the countdown to the open. coming up, the united states and china imp

this is the u.s. data point we are getting out later today.s rate ticking down to 3.9% from 4%. this chart, if you look at the yellow line, that is the construction sector and that has double thejobs, number of the overall private payrolls number since trump's inauguration in january 2017. you have the blue line. that is services are you also doing pretty well. andgs like health care manufacturing also putting in some pretty good numbers in terms of adding jobs to the economy. why am i interested in this sitting here in beijing? i think it seems like these kind of data point, low unemployment rate, the add-on with the jobs, is playing into the calculus from washington when it comes to trade tensions with china. they think in washington that they are standing at a position of strength and want to take this opportunity to hit back against china, but that appears to be one of the factors playing into this. how long can this be sustained for? jerome powell has warned there could be anything of animal spirits. g of animal spirits. sustainability is

u.s. is providing targeting data so it's horrendous and i would say the u.s. bears absolutely direct responsibility for this it's telling the saudis what to do it's telling the probably the u.a.e. what to do certainly the saudis it's a horrible bloody business and it's a war that's gotten virtually no attention in the u.s. . the school bus bombing is the latest in a series of tragedies in yemen a week ago we did a seaport was hit by an airstrike fifty five civilians were killed and one hundred seventy wounded. who day but from the red cross in sanaa told us that the situation in yemen is appalling. we have received twenty nine identified these are children up to fourteen years old and forty to forty eight injured among them thirty children but for the overall top. this needs to be referred to the ministry of health and population of yemen humanitarian situation in the country is catastrophic it's a book relation that has been brought to the brink of collapse the whole system is decimated the movement of population is growing because of. conflicts and hostiliti