u.s. treasury, the u.s. ent of treasury is that it extended the deadline in which companies can do this. that means we can wait until after midterm elections to deal. it seems to be something that will likely lead to an outcome because these optics of potential political fallout from a u.s.-russian company deal is now no longer weighing down that potential of a deal. we see a deal likely. that will probably keep aluminum prices where they are. if the market is surprising to the shock, we could see a tencent rebound in alameda like we saw in april. that is something we are keeping for.llies out it does not seem to be a factor right now. yvonne: we are really watching oil as well, given the recent controversy over the missing saudi journalist. how powerful weapon do think oil is for the saudis at the moment? how serious do think they are in firing it if we get evidence on exactly what happened to khasho ggi? >> this will be the big factor right now. when we talk about saudi arabia, we talk about 10.5% of global

u.s. treasuries. the value in terms of u.s. treasuries dropped by 30, 40, 50 basis points in terms of yield. we have the employment report, powell talking about three hikes going forward. at these levels, with the 10 320 plus ory at minus, it is hard to sustain if fed funds are going to be at 3%. vonnie: we just had john saying it that we are close to the longest expansion in history. 4.08%. forecast is that is this economy running hot? bill: it is. statisticwkward because of people that may want to work but are not listed. it is hard to know whether that 3.7 is indicative of wage inflation. we saw the numbers at 2.6%. that is controlled. because of theot deficit and corporate tax cuts, etc. terms of gdp may be reflected in terms of the heat of equity prices and potential asset bubbles because of the trillion dollars being thrown into the economy suddenly. vonnie: can i ask you for your outlook on where the yields are headed here in the u.s. and in germany? year,the u.s. treasury 10 i do see much damage potential there, perhaps

u.s. ten-year and 30-year treasury yields have hit multi-year highs strong u.s. data increased investor concerns about rising inflation and a potentially faster pace of rate hikes from the federal reserve. joumanna bercetche has been looking at the reasons why investors might be bullish or bearish about treasuries tell us more >> all eyes on that ten-year treasury people are pointing to that 3.25 level. this is a level we've not been since 2011 it's having an impact on stock markets. one reason cited for weakness as of late is concerning about those yields what's been going on the number one driver for me, the main catalyst for this bearishness is the concept of extra issuance this is a year where the u.s. government has been issuing more debt, come out with big fiscal spending plans that meant extra supply would be absorbed by the market there's an extra $1 trillion worth of net issuance issued since last october this is the highest level since 2012 lots of issuance hitting that market it's coming at a time when the fed is using quantitative tightening and if you

u.s. treasuries at the state. rucial for the u.s., as they keep having to finance their budget deficit. thank you so much. , confident -- tom mackenzie in beijing, our china correspondent. netflix has invested billions in original content, and now earnings are catching up and crushing estimates. we will chart the growth. haidi: but up next, we delve into the future of work. how advancements in tech will affect labor markets. this is bloomberg. ♪ shery: this is "daybreak asia." i'm shery ahn in new york. haidi: i am haidi stroud-watts in sydney. a sea of green across u.s. markets and local markets. futures also looking pretty positive. we take a look with jingyi pan, i.g. asia markets strategy. is there a sense the washout from last week, you have more opportunities now? or do we have to brace for more volatility to come? haidi. good morning, from the situation we see in the market, what we have today is a little bit of an oversold rally, as you mentioned earlier this morning. seeing a bit of change, and of course c

u.s. treasury secretary the finance ministers of france the u.k. and the netherlands are the latest to pull out. but a major investment conference later this month alan fischer reports from washington d.c. . he's been briefed by his secretary of state and the furious intelligence reports leaves donald trump to believe jamal khashoggi is dead it certainly looks that way to me it's very sad general election he says he'll wait for the results of various investigations but if the evidence is there there will be consequences for saudi arabia well it'll have to be very severe i mean it's a bad bad stuff but we'll see what happens mike pompeo arrived back from his trip to saudi arabia and turkey and met with the president first thing on thursday he says both sides promised fuel transparent investigation they also assured me that they will conduct a complete thorough. investigation of all of the facts surrounding mr to show that they will do so at a timely fashion and that this report itself will be transparent u.s. treasury secretary steve mission was als

u.s. treasury secretary has joined the long list of withdrawals from a major investment. in other news the killing of top security officials in afghanistan raises some concerns about how violence may disrupt today's elections and unsporting international cricketer has confessed to his role in a spot fixing scandal in angola and following an al-jazeera investigation into nash canarios pakistan axons most successful spin bowler in test matches i've decided to contemplate. so the u.s. secretary of state has told president donald trump to give saudi arabia a few more days before deciding how to respond to the suspected killing of saudi journalist jamal khashoggi might bump a return to washington after visiting saudi arabia and turkey to discuss the case you remember shoji last seen entering that saudi consulate in istanbul on october second sixteen days ago and eleven minute audi a recording from inside. and that building has been leaked to turkish media and it suggests because he was attacked and killed inside the saudi crown prince mohammed bin solomon has denied any knowle

u.s. treasuries. >> i agree with kathy, u.s. treasuries. jonathan: great to catch up with you all. lebas, kathy jones, and matt freund. from new york, for our audience worldwide, that does it for us. bloomberg "real yield." this is bloomberg. ♪ mark: a turkish official says investigators there are looking into the possibility that missing saudi journalist jamaal khashoggi's remains were taken to a forest nearby. the saudi's have called the allegations baseless. british prime minister theresa may is gambling on a go slow approach to revise brexit negotiations. the u.k. and the european union believe there is merit in keeping the country inside the block for longer after a formally leaves. that would give negotiators more time to resolve the biggest obstacle to a deal, had to avoid custom checks at the border of ireland in the u.k.. european and asian leaders presented a united front today in support of free trade based on international rules and cooperation. their summit underscore sharp differences and disputes with president trump's america first policy.

u.s. treasuries. matt: i agree with kathy, u.s. treasuries. jonathan: great to catch up with you all.special thanks to guy lebas, kathy jones, and matt freund. from new york city for our audience worldwide, that does it for us. i will see you next friday at 1:00 p.m. new york time. that's 6:00 p.m. in london. this was "bloomberg real yield." this is bloomberg tv. ♪ alix: the weaponization of oil. disintegrating relations between the u.s. and saudi arabia raise questions about volatility and higher prices. and diamonds are forever, supply is not. pink diamonds are rare and supply could get tighter. we speak to rio tinto, one of the main producers. and crystal ball for earnings. we break down what to watch. capncials, execution and ex. alix: i'm alix steel. welcome to "bloomberg commodities edge." it is 30 minutes focused on the companies, physical ass

u.s. treasuries. matt: i agree with kathy, u.s. treasuries. jonathan: great to catch up with you all.special thanks to guy lebas, kathy jones, and matt freund. from new york city for our audience worldwide, that does it for us. i will see you next friday at 1:00 p.m. new york time. that's 6:00 p.m. in london. this was "bloomberg real yield." this is bloomberg tv. ♪ ♪ carol: welcome to "bloomberg businessweek." i'm carol massar. jason: i'm jason kelly. we're joining you from bloomberg headquarters in new york. carol: this week, the future of retail. e-commerce giants amazon and walmart are after global expansion. next stop on the battleground, india. jason: plus, sears files for bankruptcy. why ceo eddie lampert couldn't keep the retail giant afloat. carol: first, to the politics section. it is a story that has dominated

u.s. treasuries. matt: i agree with kathy, u.s. treasuries. jonathan: great to catch up with you all.kathy jones, and matt freund. from new york city for our audience worldwide, that does it for us. see you next friday at 1:00 p.m. new york time. this was bloomberg "real yield." this is bloomberg tv. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. manus: you're watching the best of "bloomberg daybreak: middle east." mike pompeo has to riyadh. for the gulfmean largest economy? ken -- and the tel aviv stock exchange becomes the latest company to put its ipo plans on hold. the ceo tells bloomberg why. ♪

u.s. treasuries. they have the u.s. -- to the have a situation where they say they are backing away? srinivas: we are not dependent on them, they are dependent on us. they are very generous to us on -- they'reasuries not very generous to us on holding treasuries, they will treasuries because they have u.s. dollars and they have to deploy them in one form or the other. joe: basically, what you're theng is that as long as capitalist model in the west and developed world is in place, which sees growth of financial, ly no reversaltial in sustainable rates. srinivas: no. if you clean up the balance sheets, you have a long-term case for treasury yields to go up. from 1940 to 1980, what happened was you had the depression so there was no borrowing by the private sector and that you had the second world war which restated incomes but nope borrowing in the private sector -- no borrowing in the private sector. joe: right now people are looking at they want to hold treasuries or the treasuries in .he portfolio ex

u.s. president the treasury secretary and also the u.s. secretary of state who of course has just returned from saudi arabia and turkey they have made the determination he will now not attend in fact steve tweeting that and it was retreated by the press secretary in the last hour saying they have now made the decision not to attend the investment conference that he will not be attending but not give you that sort of piece of information that may have changed the calculation and can really compare as just been talking to reporters about all this times what he had to say about the. yeah we knew there was a scheduled meeting between the president the secretary of state it was not on the calendar though for there to be an open press event and to our surprise the secretary of state walked out to the microphones we called the stakeout just behind me here just outside the west wing where he basically shared a few details about where things stand in terms of the u.s. determination on how to react take a listen. we made it clear to them that we tak

u.s. treasury note. 3.17%. so a slight tick higher. the two-year note yield, 2.87% now, turning overseas. we are seeing action in asia as well you can see there that the nikkei in japan, 1.25% gains there helped along in part by a stronger u.s. dollar and a weakening japanese yen

u.s. treasury secretary steve minucci in and i.m.f. chief christine legarde have both canceled their attendance joe kayser the c.e.o. of german industrial giant siemens has pulled out as well albeit reluctantly. kitty dimitri a c.e.o. of their russian direct investment fund an idea. the organizers had launched a charm offensive to ensure the conference met super billing with a high profile roll call of business names to to attend but the reality on the ground as the conference opens is a sobering one. that among those giving the event a miss on the u.s. treasury secretary the head of the i.m.f. and the c.e.o. of industrial conglomerate siemens joke asia he cancelled only at the last minute prompting further criticism back home in germany. men saying the business of business is doing business business has also the responsibility is this leaders are also moral leaders in our well now with. ford j.p. morgan and likewise dropped out of the event. the organizers have refused to reveal just how many guests will be absent and have taken down

u.s. treasury secretary the finance ministers from france the u.k. and the netherlands are all the latest to pull out of a major investment conference later this month more than forty u.s. politicians have now called for sanctions against saudi arabia over the case and a letter addressed to president trump they are calling for strict action saying we join our senate colleagues in supporting their formal request under the global magnitsky human rights accountability act for you to determine whether a foreign person is responsible for extra judicial killings torture or other gross violations of internationally recognized human rights or at least concern by your remarks suggesting that money is more important than justice and other vital american values we are strong comprehensive actions we also urge overdue suspensions of u.s. involvement and yemen we have correspondents in turkey and the us following the latest developments andrew symonds is outside of the saudi consulate in istanbul macadam as in washington d.c. we'll talk to him in just a bit first

u.s. treasury secretary pulls out of a saudi investment conference as the fallout from the disappearance or jamal khashoggi continues the move comes as new pictures emerge of a bodyguard of saudi crown prince mohammed bin solomon at the center of the case of the missing journalist. and our intake this is al jazeera live from london also coming up forced to flee now forced to leave the iraqi government closes camps for people displaced by years of war there's concern about where they're being sent. one of the world's youngest democracies is chosen a new government with a special report from the mountain kingdom of bhutan. the u.s. treasury secretary steven minutiae in is withdrawing from a saudi investment conference dubbed divorce in the desert is announcement comes a sector state might pump says his country takes the disappearance and possible murder of saudi journalist jamal khashoggi very seriously as it stands turkish investigators have finished searching two of saudi arabia's diplomatic buildings in istanbul they reportedly found important samples including fingerprints belonging to sa

u.s. treasury assets, the dollar as the place to be. orm coming, you want to be in the safest port and the u.s. historically has been that case it still is now. >> let's connect some of these dots stronger doll larm because of these. a if he had that is on track to keep racing. >> absolutely. >> more and more are citing the stronger dollar as a headwinds for that can we connect those dots? can we see perhaps a weakening perhaps of corporate profits because of things that are happening with the currency side of things? >> it certainly plays a part because there are translations most big american companies, most internationals have earnings from overseas they're affected by repatriation and the exchange rate. it's not the largest factor in corporate profits. they depend on the strength of the economy, on their sales, on their pricing ability. although i think it's an issue and it's something markets can look at and say it's a cause for worry for us, in the bottom line it's not that large an issue it's something that can motivate markets to

u.s. futures showing signs of life. treasury yields ticking higher. u.s. markets open in 30 -- european markets open in 30 minutes time. clark's -- stocks bounce back. in china, the u.s. treasury department is said to think not not a currency manipulator according to the treasury department but steven mnuchin could issue a different ruling. european start of stock trading. could be a happier friday. if you still underwater are a european investor. the dax, down more than 10%. at treasuries. i saw yields coming back up. huge we will not see gains. anna: some of the lower forecasts for yields on the street and he is not too worried. the indian -- getting the best of the game. 300.si offshore remenbi. waiting for decision around currency manipulation. it seems they are not manipulating. commodities, it looks very green. don't be fooled by what you are seeing. not retracing the losses. the biggest weekly drop since july. expecting weekly numbers to be down. the biggest selloff showing signs of easing. from singapore, good to have you with us. -- put ito contex

u.s. treasury department said to think china is not a currency manipulator. steve mnuchin could issue a different ruling. jpmorgan and wells fargo kickoff the u.s. earnings season. good morning, everybody. it is 6:00 here in london. today looks different. this is the picture on asia. up by 0.9%. stocks are up, yields are up. back to where we were on that story. recovery evident in asia. china is under pressure. the shanghai composite up by 0.2%. as we go through the asian session, things recovering. it was in negative territory until 20 minutes ago. we have the chinese currency here at 6.89. a little bit of weakness on the chinese yuan. the bloomberg reporting suggesting u.s. treasury stocks -- staff has been advising steve mnuchin that china is not a currency manipulator. we are waiting to get that report next week. will the politics lead to a different message given by the treasury? steve mnuchin could choose to go with a different message. things looking more like they have over recent weeks. the nymex is up by 1% or so. we are heading for our biggest weekl

u.s. treasury department has -- sayingteve mnuchin that china has not manipulated the yuan. ident trump has put -- has pressured steve mnuchin to declare china a currency manipulator. india has flatly rejected u.s. accusations of currency manipulation, saying it is ready to deal with any threat to the rupee. the indian economy is doing well and inflation is under control. he says global factors play in an porton -- an important role. meeting the criteria. they will monitor. this time, the criteria will not be met. ity will continue to keep for six months or so. i'm not worried about it. hopeful that turkey will free and american pastor. he was arrested on espionage charges, part of a crackdown following a failed coup. the government of papua new guinea with increasing criticism the sports car retail for some legend of dollars each and were flown in on jumbo jet. -- it is going to sell the cars after the summit. 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. haidi: asian stocks the low

u.s. treasury secretary steve minutia and meeting with the prince in the kingdom un day mixed messages and a sense of hesitation from the u.s. but the pressure. unrelenting this has stayed in the headlines and a member of the royal princes security team of saudi arabian officials changing their story about the fate of washington post journalist jamal khashoggi there are major developments also in the case i think is the longest the saudis continue to offer different explanations different stories as to what happened i think this story will continue to have a way because there is no concrete answers that we're getting a relationship that will be put to the test in a short amount of time the president promising answers soon but action is less certain political al-jazeera washington well let's take a look at the man at the center of all list. he became a high profile critic of saudi arabia's government after he had been psalm on was named crown prince the journalistic use accuse the accused mohammed bin solomon of introducing what he called a new era of fear intimidation arrests and public sh

u.s. has stopped short of declaring china a currency manipulator in the semiannual report on foreign exchange rates. however, the treasuryit will watch the yuan after the recent slide. secretary steven mnuchin said over the to concerned un's fault here the report also said the u.s. is disappointing that beijing doesn't disclose intervention. president trump is asking every government department to make budget cuts, saying he believes they can cut at least to reduce spending by 5%. he told the cabinet that he hadn't asked earlier because he was negotiating with the democrats and congress for more funds for the military. the 20 budget is due early next year. the fiscal year will -- start october 1, 2019. the u.k. is thinking about staying tied to european union rules for longer. bloomberg west told prime minister theresa may is considering an eu proposal to abstain the transition. period beyond 21 months. sources say she has signaled a willingness to give ground. twitter has published millions of tweets, images, and videos from thousands of accounts based in russia, iran, and armed militias, the site of previously disclose

u.s. treasury, they fell for a third straight month in august. president trump continues to criticize the fed interest rate hikes, calling them his biggest threat. su: if we start with the china reduction in their holdings, that has a lot to do, and was say, with the trump tariffs. take a look at some of the numbers. down from 1.7 trillion dollars in july, at if you recall back in march, china's ambassador said they may cut back on their were tochases if trump impose the tariffs, and since then he's levied almost half of all chinese imports. meanwhile we saw the president on another network criticizing the fed yet again, saying these rate hikes of the highest, basically, the biggest threat that he faces. some, saying the top is designed to distract from what could be a big problem in the trump administration. yesterday about the budget deficit, there could be a looming --deficit much bigger deficit possibly approaching the $1 trillion mark that could be another problem ,or the trump administration that he likely find his way to talk his way aroun

u.s. treasury secretary. rview coming up on cnbc let me send it back to you >> luckily, jeff, you can't see my face. because i am cringing. for our u.s. viewers, that is it for today's show >> for european viewers, stay tuned for our interview with klaus deller. tremfya® is for adults with moderate to severe plaque psoriasis. with tremfya®, you can get clearer. and stay clearer. in fact, most patients who saw 90% clearer skin at 28 weeks stayed clearer through 48 weeks. tremfya® works better than humira® at providing clearer skin, and more patients were symptom free with tremfya®. tremfya® may lower your ability to fight infections and may increase your risk of infections. before treatment, your doctor should check you for infections and tuberculosis. tell your doctor if you have an infection or have symptoms such as: fever, sweats, chills, muscle aches or cough. before starting tremfya® tell your doctor if you plan to or have recently received a vaccine. ask your doctor about tremfya®. tremfya®. because you d

u.s. treasury's -- see more talk about u.s. easuries. >> we are going to watch more credit than treasury because if we still continue to see rates rising, what we may see is people bail out of certain sectors of credit. we think that means you ought to be conscious in fixed income, particularly high-yield, high-grade. >> there is no information that came out. i think that's the market issue. it starts point when biting really hard and we see these corrections, you see the implications of these corrections in real economic data. the fed probably has to back off. but that's not today. it's probably in the first year. jonathan: joining the around the table, the head of global rate strategy, chief investment officer of fixed income. plus from london, fixed income portfolio manager at jpmorgan asset management. i want to begin with you on risk assets and fixed income. high-yield finally started the fracture. what do you see on that? >> the move in the treasury market really caused that. the market was happy with the yield curve. at 3

u.s. treasury secretary has become the latest senior official to withdraw from upcoming investment conference in saudi arabia the head of the i.m.f. and many prominent c.e.o.'s have already pulled out of the conference dubbed force in the desert and in afghanistan saturday's election of the southern province of kandahar has been delayed by a week after the taliban killed two senior officials in the city it happened just after this meeting between the most senior u.s. military officers in the country and afghan commandos the taliban says the american general was the target. at least a million widows in iraq following decades of conflict and war it's left them a sole breadwinners and many a struggling to make ends meet but a new government proposal designed to assist them. is proving to be controversial as behavior that oh reports now from baghdad. only a month lost eight members of her family in the conflict in iraq including her husband she's been left to bring up three children on a hot. she says she was divorced heated up fast but the experience was not broken she now walks in this place to

u.s. treasury secretary tell bloomberg news earlier that it is a correction but no real supplies -- surprisetheindonesian official made point that he welcomed the selloff in the u.s.. meanything, that will there will be less withdrawal on capital that goes to the u.s. and more of that capital will come to the emerging-market world. the views are fairly split. in the days ahead of the talks going, thealks get market selloff in the broader trade tensions are going to dominate all over the discussions. we are on a knife's edge when it comes to that. to mark. it back your question of the day, i think it is a sharp and president. what is it? how far will this correction go? it's not a surprising question. everyone wants to know if this is a turning point. the one in february was 12%. willoughby further this time? willoughby smaller? at a majorr major -- turning point? we will have more downside in the short term. maybe a few percents. manus: thank you very much. let's get a bloomberg first word update. juliette saly has that for us. juliette: u.s. president donald trump stepped up his attack on t

u.s. treasury to treasury department excuse me to push back the deadline for compliance with the penalties us companies were initially told to stop doing business with a result by october twenty third that has now been extended to mid november. some analysts say in the russian company. is in fact too big to sanction and that elevated aluminum prices will continue to hammer u.s. businesses since april rizal's parent company has been holding talks with the u.s. treasury looking for ways to get of the restrictions dropped so far treasury officials seem unwilling to budge and have reiterated their commitment to enforcing the measures international oil economist dr solomon told us however that the sanctions are harming the industry when the united states and now says that there will impose some sanctions. and the prices shot up by thirty per cent the amharic as a way to try and kill penalize the chairman of the company and that we've because he's friendly with but has and then. there is no i think any bases for us sanctions anyway they aim to set of us in tennis whatever it is the. i'll be back

u.s. treasuries on the bull market and on equities. saying iteff has an impact on eps. ears, an impressive run. chris, what happens when treasuries go higher? the biggest market move in the last month or so was how rapidly treasury yields went out and how that could impact the equity market. >> sure, higher interest rates mean lower asset prices across the board. all is never equal. have gone up, you have seen growth outpaced the squeeze from higher rates. we will see if that continues. obviously higher rates do impact costs, borrowing costs, and they impact margins for the financials. as rates go up, they don't need to pass that along. francine: a lot of u.s. banks have reported earnings. what we have learned from those? >> the bank of new york reported yesterday, trust banks are somewhat levered to the curve, and net interest margins didn't go up as much as we expect. , onehe traditional banks of the issues has been the pace of loan growth. as mortgage rates go to 5% and higher, people will be refinancing. that impacts their business. there are offsetting factors for t

brent: the treasury secretary is not going. the u.s. secretary of state mike pompeo has been and has come back and questions still remain. what was the objective of going to saudi arabia? >> you nailed it. that is what everybody is asking here. secretary of state pompeo came back, briefed the press, surprisingly, about his conversation with president trump. he has briefed the president and advised him that the u.s. should wait out the investigation of the saudi's. basically giving them more time to figure out their story and to come up with a comprehensive tale. i have to say, just moments ago, the president, on the way to a campaign stop in montana, answered a few questions for the press. he was asked if he thinks khashoggi is dead and mr. trump said, it certainly looks like it. the president seems to believe now that jamaal khashoggi was killed, but still, no harsh words yet, or a firm promise of any retaliation or consequences for the saudi's. brent: still no real explanation for why the president has been so reluctant and slow to ta

u.s. treasury secretary has become the latest high profile figure to withdraw from an upcoming investment conference in saudi arabia the head of the i.m.f. as well as the prominent c.e.o.'s have already pulled out of the conference known as devils in the desert and police have expanded the probe into the suspected killing of jamal khashoggi a search took place in the town of over one hundred kilometers south of istanbul. at least two senior officials have been killed in a taliban attack in southern afghanistan it's the latest violent incident in the run up to elections to be held on saturday three americans were also injured a gunman opened fire in the governor's compound in the province of kandahar the most senior u.s. military officer in the country was attending a meeting there at the time the taliban says that he was the target among the dead afghan general abdul rasi whose previously survived numerous attempts on his life well u.s. defense secretary jim mattis says that the attack will not shake u.s. commitment to the country. i've met general result. it's a loss of a patriot but we

u.s. treasury.e as early as monday. -- book ending the week with chinese gdp data, getting slowdown in growth. looking at how things are kicking off in new zealand, you see the anz starting well. the kiwi dollar around 65 level, not making the finest -- finance minister in new zealand comfortable. over a missing saudi journalist. $72 a barrelbove after the biggest weekly loss since may. looking at this chart on the terminal, this after global stocks lost the biggest weekly drop in six months your that pushed valuation, the cheapest it had been in more than a year. we could see this -- [indiscernible] in hongophie kamaruddin kong. let's see more. adam haigh is with us. last week's carnage had signs of stabilization. a recovery rally in the u.s., but ready fragile now. adam: we are seeing that manifest itself in futures on the s&p 500. they are down .4% as trading gets underway. it speaks to a fragile technical picture. librarymy to in the gtv some of this chart shows you the averages.0 moving day the

u.s. treasury secretary in other news the killing of top security officials in afghanistan raises concerns about how violence may disrupt saturday's election and a special al jazeera investigation into cricket match fixing to a confession from one of pakistan's top former players. so more than two weeks now since journalist jamal khashoggi walked into the saudi consulate in istanbul and didn't come out and during those weeks of uncertainty al jazeera has been following this story closely the latest information we have is that turkish investigators looking for evidence linked to his disappearance have now completed searching two of saudi arabia's diplomatic buildings in istanbul spent more than twelve hours looking through both the consulate and the consulate general's residence tucker sources have told al-jazeera quote important samples were found during the search you will remember he was last seen entering that consulate on october the second and eleven minute order recording from inside that building has been leaked to turkish media and it suggests he was attacked and killed inside the

u.s. treasury secretary steven ition being the latest figure to put out a saudi investment form in riyadh next week alan fischer has more from the u.s. . back after his trip to saudi arabia and turkey u.s. secular state might pump you has been briefing his boss he says both sides promised fool transparent investigation they also assured me that they will conduct a complete thorough. investigation of all of the facts surrounding mr to show you that they will do so to timely fashion and that this report itself will be transparent and he reiterated the strong u.s. so dealings that continue to be important counterterrorism partner they have custody of the two holy sites they are an important strategic alliance of the united states u.s. treasury secretary steve mission was also in that meeting whatever he had he known shortly after he would know not to be attending an important international investment conference in riyadh later this month joining a growing international boycott when pompeo sat down with saudi crown prince mohammed bin selman known by his initials m.b.'s he had him firmly deny

u.s. treasury secretary steve mnuchin, became the latest to pull out.tweeted -- "just met with donald trump and secretary pompeo and we decided i will not be participating in the summit in saudi arabia." is significant because that's the first direct action sanctioned by the president in the wake killing. macabre secretary of state pompeo is still saying the saudi's needed more time. >> i told president trump this morning that we ought to give them a few more days to complete that so that we, too, have a complete understanding of the facts surrounding that, at which point we can make decisions surrounding how or if the united states should respond to the incidents surrounding mr. khashoggi. >> from the president, the language seems to be toughening as more is discovered. >> what are youonsidering for possible consequences? >> it wi stuff.d, badevere. >> investigators are back in consulate in istanbul continuing their examination of the building. e meanwhile, "shington post" has printed the gentlest column with his clarion call for press freedom in the m

u.s. treasuries. gtv is where you can find these charts. cork in theof a currency market, there is much more profit in investing in europe and japan credits been in the u.s.. the latest housing donna is showing a slowdown. -- housing data is showing a slowdown. behind this depressed sentiment? >> we saw weakness of home starts in september. the analysts came out and said a rough year for the homebuilders is about to get longer. look at the big homebuilders down across the board. a lot of analysts warning that the revenue projections are going to be hurt by the decline in the activity. we are seeing mortgage rates higher. pressure.ing a lot of mortgage applications are lower. we have talked a lot about how president trump has been pressuring the fed not to raise. this shows the fed rates versus the 30 year mortgage rate versus mortgage applications. the drop in the blue line is mortgage application rate. president be behind trump's concerns about interest rates and how that may reflect on his administration. >> still ahead, candidate gives ca

u.s. treasury secretary steven has announced that he is pulling out of next week's high profile investment conference in saudi arabia it comes as the investigation into missing journalist jamal khashoggi continues it follows a string of cancellations by finance ministers and c.e.o.'s from companies around the world and today a turkish newspaper published a new images which it says proves that whatever happened to crush was saying right from the very top in riyadh. a pro-government newspaper in turkey says the man circled in these images is the head of a fifteen month hit squad involved in the alleged killing of saudi journalist. the photograph showed the mine in istanbul at the saudi consulate the consulate residence at ataturk airport on the day disappeared he said to be. a saudi intelligence officer and former diplomat with close ties to saudi crown prince mohammed bin. earlier this year he was photographed during the crown prince's trip to the united states. was last seen on october second and drink the saudi consulate in istanbul turkish officials say they have video evidence of his mu

u.s. treasury secretary as we mentioned earlier the international monetary fund's christine lagarde is also out as one of the c.e.o.'s of j.p. morgan chase and the blackstone group a u.s. based private equity group that's been a big beneficiary of some of the funding and media partners have stepped back to among them c.n.n. c.n. b c the financial times the new york times and the los angeles times leaders have also voiced their concerns jonah jonah hole has the latest from brussels. if there's been concern about a slow response by european nations at a political level to the alleged murder of her mild kushal g. well that may be changing britain france and the netherlands of all announced that they're withdrawing their ministerial level delegations to that financial investment summit or davos in the desert as it's been dubbed citing that now is simply not the time for that level of engagement this was what french president emmanuel macron had to say. leafy. the facts we know today are mr g. extremely serious and worrying we expect is fairly light on this matter we have had exchanges with saud

u.s. treasury secretary steve munson is to attend. well i think that's a matter of you know u.s. diplomacy and depending on what we hear from the saudis in terms of you know this dreadful dreadful thing i'm not necessarily sure that he should go to this ministration they need to you know have a sort of a clear line once they are satisfied with the information of what happened with what happened they're rewarding the saudis with the trip by our u.s. treasury secretary we're not i don't nestlé think would be a great idea but i want to get back to lindsey graham i must say though that his remark really surprised me in part because the united states has no power to overthrow or to push aside the crown prince so i was surprised by that and perhaps it was in a moment you know a deep anger and irritation and letting the saudis know that you know for we're not going to tolerate this grim goes back and forth supporting the president not supporting the president engine cia i know lindsey. other areas jose donald trump said he's not to blame is the g.o.p. something significant losses in the

u.s. treasury secretary stressed the importance of bilateral relations despite international outrage at the killing of a dissident saudi journalist. and a british man says the u.s. army after being exposed to toxic chemicals while working as a contractor at a military base we speak to the whistleblower. it was and through the goal of this risk you're trying to present you are above the earth when i was just a bunch of useful just system medical checks and as. he just said there was as one of them just look at his delightful. good morning and welcome to a live news update here on our team trash thanks for joining us this hour. donald trump has threatened to build up the united states nuclear arsenal until quote people come to their senses he earlier vowed to scrap a nuclear treaty with russia that's been in force for almost three decades. right out of here to the agreement they should have been done years ago but still people come to this that we have more money than anybody else by far we'll build it up but until they come to this that when they do then we'll all be barred. and by the way n

u.s. treasuries. it is not that they're selling u.s. treasuries, they're just buying less.other hand has been outright selling month after month after month, so you combine the two, they certainly have reduced holding of u.s. treasuries foreign holdings as a whole has been shrinking as a percent of marketable securities. >> japan make room in the garage for their own domestic purposes i guess. let's switch to europe the bavarian elections were like a cream pie in the face of the merkel coalition it was ugly. she has been weakening from a political vantage for awhile now. and we have brexit coming on can you tell me how much a weakened germany will push into europe already wide variety of issues from economies to what's going on with lack of real significant plan by mario draghi or successor. >> interestingly in today's german zew number, one of the factors they cited for decline was uncertainty in german politics it is possible by next spring merkel is no longer the leader of germany and we have somebody else that will lead into who is going to run european central bank whe

we've had a weak treasury options. the u.s. untries with sovereign wealth funds and try to court that as treasury investors. that's what you the u.s. treasury secretary coming up to the conference. alix: really appreciate it. michael maduell. thank you very much. i will be covering this angle on commodities at later. particularly the oil angle. we are not that, dependent on oil economy revenue, i don't know how much water that will hold. david: where does ago? nothing just appears. alix: also the relevance of saudi arabia when it comes to oil when you have continued record highs in the u.s. it will take up some of the heat you might have seen otherwise for the weaponization of oil. david: is at the focus today? alix: part of it. we have got you covered. that is all coming up today on commodities average -- commodities edge. i will be joined by jpmorgan's nana adae. we will talk about earnings, the market in the fed. this is bloomberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasi