we spoke to the uae secretary yesterday.y will come with their numbers and present the numbers and the methodology and as the uae minister said, he hope that will provide some clarity. they can then use that to talk in vienna next month. angie: will we see a decision in vienna, then? >> now that there is an agreement to make this cut, there should be something. it just depends on how durable that agreement would be, and how long it would last. somebody else we have spoken to says the gulf three, the saudi arabia, uae, and kuwait, could handle most of the cuts themselves by taking the production off the market. those three, along with qatar, they met with the russian energy minister in riyadh. they are trying to get russia onboard to make some cuts themselves. these talks are going on in course. again, perhaps those big three could take a big brought of the cuts. but of course, they will want to bring other members in. it remains to be seen who gets an exemption, who cuts what, and what level they decide. opec has a lot of wo

the uae was the most visited in the region. that is coming up next.is bloomberg. ♪ you'rewelcome back, watching bloomberg. i'm tracy alloway in to buy. angie: i'm angie lau in hong kong. let's of the latest headlines. vodafone is latest to push into iran. they will give landline services in iran, while they will help expand and modernize networks. european phone carriers are seeing to cap into the market of 80 million people. state owned oil company is a it is merging its shipping units. abernathy national oil will combine three companies by the end of next year. it is looking to cut costs as lower prices slow economic growth. it was to combine the two biggest banks and combine two of its largest sovereign wealth funds come as all caps holiday offshore energy businesses. that turkey's biggest ipo in years may not be enough to trigger sales. they plan to raise as much as $24 million in share sales. it is targeting thursday and friday for book rolling, and october 27 as the first day of trading. analysts say the dearth of ipos will continue for some tim

join me on sunday morning at 8:00 in the uae. this is bloomberg. ♪ anchor: euro weakness.cy turned to a march low. qe will not come to an abrupt end. divisions deepened. germany warns the u.k. faces a difficult task since merchants split with the e.u. takes place. in the typhoon philippines heads to hong kong, forcing the stock exchange. anchor: a very warm welcome to bloomberg. d

tracy: the uae's hiring officials to set up a federal body to collect taxes.istry's advertising about 30 positions on its website, including compliance and enforcement director, auditors, analysts, and accountants. it comes ahead of the uae's plans to add a vat by 2018 to diversify its revenue base. angie: malaysian airlines has a 380 -- six eight jumbos.buss -- a380 >> let's head back to singapore and the barclays asian form -- forum. what is the feeling of the ground about that final presidential debate? guest,rding to our next neil ferguson, it is game over for trump. game over for trump? think there can be a surprise big enough to rescue him. he has lost three out of three debates, and i think he has lost them pretty badly. his support was always a narrow one. successfulomney was with republican voters, then add independent voters. the only thing donald trump has done in these debates is alienate independent voters. i think it is over. i think the 12% opportunity he now has is slightly optimistic. >> you do think at one time that the public chances for a t

the man who will be here today, is the uae oil minister. i know you're being asked the impossible question constantly here at this conference and about the substance of those meetings. let me ask you a broader question. how do you feel about the process? mr. bakinder said there is a consensus for a deal. is that how you see it? >> i'm optimistic about a commitment from the oil members. the fact we're here also, and russia is committed to work with us, is also encouraging. the biggest worry is the level of investment in this important commodity is going down, and that worries everyone, not object the producers, but the suppliers to a great extent. >> do you feel the mileage that opec has had out of the post-al jee giers move, do you feel at $53 we have come as far as we can go? >> what's important is this sustainability at this time. the market needs to see a sustainable price that encouraging the investors to put in more investments. if we are going to 50, then 40, that's not encouraging to investors and won't change the picture. the market

in the uae on bloomberg anna: the pound plunges as much as 6.1%, which traders say is accelerated byr initiated trade orders. is trading hawkish this week. and capital raising questions. deutsche bank is said to be holding informal talks about his options in the face of mounting legal bills. welcome to "bloomberg markets: middle east -- welcome to "countdown."

it could strengthen the economic uk.s between the uae and yo manus: how is traffic at the moment betweenbrexit? this is going to cost me 20% more than the last time. is there any impact from brexit? impacthen you get an like a currency change, it is a balance of benefits. suddenly the place to invest because the currency is devalued in terms of the rest of the world. anyone traveling to the u.k. for leisure or business is playing -- paying far less for their visit. there is a benefit. tracy: still more to come from paul griffiths after the break. more on that in just a second. this is bloomberg. ♪ ♪ tracy: welcome back to "bloomberg markets: middle east. the quick round of stories around the region. in pressure to consolidate the financial industry does not extend to the stock exchange in the emirates. the ceo of the abitibi -- abu dhabi stock exchange says he sees no reason to merge with their counterpart in dubai. >> i think they compete with each other. if you look, we are the first to introduce. we do that because we have, titian. -- we have competition. orderedhe u.s. has families o

airlines in the uae are adding new flight routes two different continents and outside the region, andevoting flight business in that way. increase in an non-european and non-russian visitors as well. human -- yousef: you mentioned saudi arabia. we are things stocks, although there was a recovery, they are still under pressure. liquidity strains a major concern. we also have saudi arabia now forming up its plans to issue a sovereign bond. give us your top line analysis of where the saudi economy stands today. we are reasonably comfortable with the way things have been called. i know that the markets have not taken particularly well to the announcement of public sector wage cuts and saudi arabia. at the end of the day, this is what they set out to do in vision 2030. this is an indication there is executing thatn strategy, which we always said was a big can serve in saudi arabia's -- concern in saudi arabia's ability to reform. we think long term, what they have announced over the last weeks and months is positive in terms of keeping the budget in control, and also helping potentially to

here, the straight exciting developments because the leadership's the uae has been so focused on pushingda of developing human capital post oil. yousef: let us talk expansion opportunities out there. you have made a few acquisitions in the past. are you looking at new options, and where are you looking? these are be smaller acquisitions? david: we typically look for acquisitions that can really improve outcomes because that is how we measure ourselves. can we improve educational learning outcomes? the other day, we announced we had acquired company called redbird, which does mathematics k-5, helping them learn faster anymore personalized way. we look for opportunities like that, where we can move outcomes. it is a private deal. it was a private company, but redbird is linked to stanford university so that was the association. yousef: we have to leave it there. thank you very much. that was david levin, ceo of mcgraw-hill education. coming up -- angie: coming up, a quick dollar -- go ahead. yousef: we will have all the details from tehran. this is bloomberg. ♪ angie: welcome back. you are

that's what we think took down that was fired at the uae ship.ncerned those will start showing up throughout the middle east. we know they have been on the international black market and they haven't been taken -- haven't been used yet to take down aircraft. lou: kerry said the talks are over on the issue of russia with syria. half or more displaced beyond the region, syria and europe. the russians we are no longer going to talk with. this is to me absolutely extraordinary. what do you make of it? >> i think you are absolutely right. the thing about secretary kerry negotiating with the russians. they don't care about him. the russians gave him a photo-op so he could pretend he was doing something. the russians are shaping events in the middle east. the russians are deciding assad is going to stay, america get out of the way, everybody else is getting out of the way. we are bombing aleppo, too bad, everybody. when secretary kerry says we are not going to have negotiation with the russians, the russians could care less. they are already calling the

the uae, which is number 26 in total rankings, is the top country for the middle east and north africalowed by bahrain and oman. they are also among the top 10 improvers as well. they embedded reforms that make it easier to do business. is thentioned, this first time it has looked at gender as a policy indicator. here, it does not do so well. for femaleions entrepreneurs, compared to other regions, especially compared to men in 70% about economy. it could be better in this report. very interesting as always. thank you russ. roz. more thaning expected. that is it for this edition of [ emily kaldwin ] when youn of stole the throne, witch, you took away my strongest ally -- my father. but you didn't know me. ♪ you never thought i'd fight back. you don't know me. but you will. ♪ so it begins [ male announcer ] rated "m" for "mature." boosting capital and investor confidence. theresa may will speak with the canadian minister. apple reports an annual sales declined. and holiday sales are barely higher than estimates. if the world's most valuable company failing to cash in on samsung's woes.

yeganeh, his wife and a fellow journalist, works for the uae-based newspaper the national.anian citizen. this is their city, tehran. the official attitude towards fun in general seems to be ever shifting. how, is fun even a good idea? >> jason: um a lot of push and pull. a lot of give and take. when i first started coming here, you wouldn't hear pop music in a, in a restaurant, or a -- >> anthony: right. >> yeganeh: it's everywhere now. >> jason: now it's everywhere. >> yeganeh: we have police, they arrest girls, or women, for having bad hijab or not being covered enough. but, it's not that we live with the police in our head, you know? ♪ >> anthony: you know, one of the first things that people will say, when you say, "well, i'm going to iran." "oh you're - but don't they make women do this, this and this." >> jason: yeah. >> yeganeh: mmm. >> anthony: actually, not so much. >> jason: yeah. >> anthony: not as much as our -- >> jason: friends. >> anthony: friends. >> anthony: compare and contrast, women aren't allowed to drive in saudi arabia. >> yeganeh: that's right. or vo

and there were ten regional partners, including oman, the uae, qatar, bahrain, kuwait, saudi arabia, jordan, lebanon, and turkey. the problem they faced was considerable. isis held sway over large parts of iraq and syria. in iraq, the u.s. hoped to resuscitate the iraqi armed forces. in syria, they faced a much bigger challenge. >> in iraq, i think there was a fairly coherent strategy crafted by the administration. but the big, gaping hole in the strategy that was debated vociferously inside was syria. >> smith: this is raqqa, a city of over 200,000 people. seized months before mosul, raqqa was capital of the islamic state's self-declared caliphate. >> smith: it was clear that routing isis from here would require a large ground force. bombing alone would not work. >> (man shouting) >> smith: isis was intermingled with the local population and was attempting to build a state. >> smith: they fixed roads, collected garbage, repaired phone lines, ran the banks, and carried out justice. >> smith: the question was who would fight them here. >> so then do you do an iraq-style invasion, or a

navy ship being operated by the uae, that happened two weeks ago. sunday this past weekend and again yesterday cruise missile were launched at a navy vessel that is still a u.s. ship. the uss "mason" off the coast of the red sea in international waters when the navy says it was shot at by cruise missiles that came at it from yemen. now, the destroyer was not hit, they say they shot back, defensively. but the strike on that former u.s. navy catamaran and sunday and yesterday's strike against the uss "mason," the u.s. says all of those strikes come from the houthis fighting the yemeni government. the houthis are in a fight and control a great deal of territory in yemen. early this morning the u.s. navy fired five tomahawk missiles at three radar sites that u.s. officials believe the rebels were using to track the movements of american ships and launch these missiles that hit that catamaran and that were shot at our destroyer. and with these tomahawk missiles being shots, this is the first shot the u.s. military has fired in the ongoing civil war in ye

in fact, much will be built by the uae company that developed the bush califah.posed for the new city could go a long way toward actually solving the problems of cairo. thank you for being part of my program this week. i will see you next week. >>> hey, good morning, i'm brian stalter and it's time for "reliable sources." how the media really works, how the news really gets made. we have a lot to analyze this morning. donald trump is making up a massive media conspiracy, falsely claiming that we are rigging the election. he even wants "saturday night live" canceled. i'll have a response coming up. >>> plus, clint greenwald is live in new york is to discuss the trump's campaign of stolen e-mails. >>> billy bush is one half of the fallout from that vulgar

i think what is interesting is a contribution i had from the uae oil minister, close ally with saudibia. he is talking about a freeze and what it means for the able for a cut as well. listen and i'll explain what i mean after that. >> i think most of the countries have reach their level of production and are at commercial constraints of the price. now it's freezing production, if you freeze production you have natural decline, or you're increasing. >> do you get the point? if you get a freeze, you potentially get a cut. if you freeze and freeze investment, the natural rate of decline means you get less utility out of your wells, you're not replacing the infrastructure, you're freezing production, so you're getting a natural cut. i think that's what we are seeing in some of these countries. russia producing about $11 million barrels a day. can you continue on if you don't reinvest? probably not. it's a nuance, a subtlety, but maybe some weight that some deal can be done. great exchange between alexander novak, and the boss of total in my panel yesterday. novak said it is all well gett

the uae is a responsible member of opec. there are bigger players who need to do their jobs as well. how much would you be willing to cut, or can you cut? >> again, let's wait until the committee meets. they will study different scenarios, and then we can decide what will be the best scenario for everyone. coming up, calling for action. we will take a look at why some are pushing the fed top--- to hike rates sooner rather than later. this is bloomberg. ♪ angie: we have been discussing the latest fed minutes. it is believes the decision will largely be data dependent. >> the data is pretty good, and even with the kind of pick up in terms of manufacturing activity. all these features are giving indication that society is clearly willing to hike in december. but on the other side, market expectation has been extremely , so that was necessary to give indication. angie: tom murphy is the managing partner of -- he says politics way this time around. >> became to the conclusion that the fed had all that it needed to hike in septemb

this note was about the uae. it was sent to clinton and she forwarded it on to a household employee and said, please, print this out, even though it had classified information. >> thanks. >>> let's look at the electoral college map today where we stand. this is the score card. this is including states leaning one way or another. light blue is democratic. pink republican. and yellow, tossup. texas lean republican. arizona and utah, traditional republican states, now tossups. this is the map. clinton 307 to trump 181. you need 270 electoral votes to win the presidency. let's go back to our what if scenario. this is to give states to the leader in that state. even if they have a razor thin margin. as of tonight, donald trump wins georgia. he wins iowa. he wins ohio. that is it. the rest of the states on this map go democratic. nevada, arizona, colorado, wisconsin, michigan, pennsylvania, new hampshire, virginia, north carolina and florida. that is an electoral blowout, 334 to 204. that's where the polls stand as of

in fact, much will be built by the uae company that developed. the project critics point out that this kind of money proposed for the new city could go a long way of solving the actual problems of cairo. >>> thanks to all of you for being part of my program this week. i will see you next week. >>> hello, everyone. thank you for joining me. i'm fredricka whitfield. just 22 days away until election day. two new major polls showing clinton in the lead and abc news/"washington post" poll shows hillary clinton four points ahead of donald trump and an nbc/"wall street journal" poll shows clinton with an 11-point advantage. both polls were taken after that leaked tape of trump bragging about grabbing women, begging the question, how is that affecting the race. we'll be discussing that this hour. >>> donald trump continues to beat his drum of fear declaring this election rigged, dishonest and saying the media is distorted. >> the election is being rigged by corrupt media pushing false allegations and outright lies in an effort to elect hillary clinton pr

in fact, much will be built by the uae company that developed.cs point out that this kind of money proposed for the new city could go a long way of solving the actual problems of cairo. >>> thanks to all of you for being part of my program this week. i will see you next week. >>> hello, everyone. thank you for joining me. i'm fredricka whitfield. just 22 days away until election day. two new major polls showing clinton in the lead and abc news/"washington post" poll shows hillary clinton four points ahead of donald trump and an nbc/"wall street journal" poll shows clinton with an 11-point advantage. both polls were taken after that leaked tape of trump bragging about grabbing women, begging the question, how is that affecting the race. we'll be discussing that this hour. >>> donald trump

this note was about the uae. it was sent to clinton and she forwarded it on to a household employee and said, please, print this out, even though it had classified information. >> thanks. >>> let's look at the electoral college map today where we stand. this is the score card. this is including states leaning one way or another. light blue is democratic. pink republican. and yellow, tossup. texas lean republican. arizona and utah, traditional republican states, now tossups. this is the map. clinton 307 to trump 181. you need 270 electoral votes to win the presidency. let's go back to our what if scenario. this is to give states to the leader in that state. even if they have a razor thin margin. as of tonight, donald trump wins georgia. he wins iowa. he wins ohio. that is it. the rest of the states on this map go democratic. nevada, arizona, colorado, wisconsin, michigan, pennsylvania, new hampshire, virginia, north carolina and florida. that is an electoral blowout, 334 to 204. that's where the polls stand as of

yousef: that is the uae oil minister. $40 a barrel, not sustainable.ely, what most experts have been saying, the ones i have been speaking to on the ground, is that most of the cuts are likely to come not from saudi arabia, but from the hole. -- the whole. are makingg they progress ahead of the all-important meeting later in vienna, when we expect the final details. it will happen. they will have something to be able to show to the public in november. mark: great job. thanks for joining us. let's get more on my guest, a portfolio manager. and the chief european economist at bank of america merrill lynch. i have been furiously bringing up charts. i have to do it. this is a fantastic chart, essentially showing us how oil is driving inflation expectations. this is the oil price, the blue line, versus the u.s. break even , the difference between the 10 year and inflation. inflation bonds. see, oil is leading inflation expectations. does that tell us the outlook for the u.s. bond market? it is fairly bleak. those due in 10 years, up by 5.8%, biggest loss of

government supply conventional weapons to the gulf nations qatar and uae and would in turn supply them to libya. they used their own people with weapons flowing to libya and syria. >> that's how they lost control over it. >> who got these weapons? was it al qaeda, was it ansar al sharia, isis in the end? >> all of them, all of them. >> reporter: turie changed e-mails in 2010 to chris stevens. a day after the exchange, about turi's state department application to sell weapons, clinton wrote this e-mail to a. jake sullivan. "fyi, the idea of using private security experts to arm the opposition should be considered." do you believe these e-mail exchanges are a coincidence or connected? >> when you look at this timeline, none of it was a coincidence. it was all strategically managed. and it had to have come from her own internal circle. >> reporter: since first telling his story to fox news, turi says he's lost everything in his legal fight with the justice department. >> catherine, it's completely un-american. >> reporter: in american, catherine herridge, fox news. >>> to another intervie

caroline: great to have your perspective it is one that will run with the syngenta deal, can china and the uaee concessions in time for today's deadline? now, china's could chinese up a -- ♪ caroline: welcome back. half past the hour, and that means it is german pmi data time. breaking the beat when it comes to manufacturing, germany coming with 55.1, well into positive expansion territory. we're seeing also a big expansion in terms of services, a beat versus the october survey. therefore we are dragging the german compass it up 55.1. you have to check in on the euro to see how it's performing on the back of this data, at the moment holding steady, slightly lower versus the u.s. dollar. we will see how the market reacts, but elsewhere, stock markets are doing great. we're seeing miners outperform banks 1.25% at the moment. every single industry group is higher, all bar one. guy, its chemicals. guy: unsurprising giving what has happened with syngenta. eu authorities as a the company has missed the deadline in terms of providing opportunity to change the deal to allow regulators to give his clea

we work closely with the governments throughout the region whether it's turkey, whether it's jordan, uae, whether it's lebanon to make sure that they're doing what they need to do to make sure isil doesn't gain access to those financial systems. i will say, this issue is going to become as we succeed in the military campaign, as isil loses territory, this is only going to become more important because what you see isil developing towards is again a more traditional terrorist organization that again relies -- will increasingly rely on access to the international financial system both to raise money and to spend money. and as that happens, as that becomes more important, as they develop towards focusing more on their affiliates, as they develop more on being a disbursed global organization that needs to maintain networks, the work that we do regionally and globally is only going to become more important. so we work very closely again with the emirates, with the jordanians and other countries in the region to make sure that that's being addressed appropriately. then as i said, globally, as

work closely with the governments throughout the region, whether it's turkey, whether it's jordan, uae whether it's lebanon, to make sure that they're doing what they need to do to make sure isil doesn't gain access to those financial systems. i will say, this issue is going to become as we succeed in the military campaign, as isil loses territory, this is only going to become more important because what you see isil developing towards is, again, a more traditional terrorist organization that, again, relies -- will increasingly rely on access to the international financial system both to raise money and to spend money. and as that happens, as that becomes more important, as they develop towards focusing more on their affiliates, as they develop more on being a disbursed global organization that needs to maintain networks, the work that we do regionally and globally is only going to become more important. and so we work closely again with the emirates, with the jordanians and other countries in the region to make sure that that's -- that that's during addressed appropriately and as i sa

we work closely with the governments throughout the region whether it's turkey, whether it's jordan, uae, whether it's lebanon to make sure that they're doing what they need to do to make sure isil doesn't gain access to those financial systems. i will say, this issue is going to become as we succeed in the military campaign, as isil loses territory, this is only going to become more important because what you see isil developing towards is again a more traditional terrorist organization that again relies -- will increasingly rely on access to the international financial system both to raise money and to spend money. and as that happens, as that becomes more important, as they develop towards focusing more on their affiliates, as they develop more on being a disbursed global organization that needs to maintain networks, the work that we do regionally and globally is only going to become more important. so we work very closely again with the emirates, with the jordanians and other countries in the region to make sure that that's being addressed appropriately. then as i said, globally, as

dollar as in the uae and saudi arabia. have that foreign fx longer coming into the same extent that creates pressure on the peg. in cases where we have a free floating exchange rate it creates start -- currency crashes. the dollar shortage is officially here. tom: saudi arabia is pegged to the u.s. dollar, right? how fragile is that? it is a huge deal when they break it. tracy: saudi arabia still has a huge buffer of u.s. dollar denominated assets so we cannot over dramatize the pressure on the peg just yet, but if you look at the derivatives market you can certainly see some speculation against that peg. the places where the dollar important, yout have to be looking at places like egypt where the gray market or parallel exchange rate has completely diverged from the official exchange rate, which is pegged to the u.s. dollar. reinhardt points out to egypt today and we also saw christine lagarde talking about egypt and how the parallel currency rate has completely diverged from the official one. certainly we are seeing thos

but bahrain, uae, the middle east is arming. the middle east is arming, and they buy it from us.by the way -- i know a lot of people are cynical about iran, wow, what an order. they're going to get that order from boeing. >> yeah. dollar is now looking at its second biggest gain, monthly gain of the year. >> yeah, not helpful obviously. >> people saying maybe momentum is easing because confidence has been so off. >> we know the dollar's probably reacting a great deal to what's going to happen with the fed. you're seeing some of the banks really break down here, the money center banks, whether it be a citi, a keybanc, those are -- >> that's the opening bell and the s&p at the bottom of the screen. at the big board zto express, a delivery company in china celebrating its ipo, which is the biggest in the u.s. this year raising $1.4 billion. over at the nasdaq celebrating its ipo, raw pharmaceuticals, lively crowd here for zto. >> yeah, exciting. >> priced at $19.50, which was above the high end of the range of 16.50 to 18.50, big play on logistics and e-commerce in that country. >>

navy sent warships to that area after uae ship was destroyed by at ho hutsies the zip was being targetedthe iss mason was international waters at the time of the incident, well, cleanup continues after hurricane matthew battered southern part of the u.s. at least 18 people were killed by the massive storm caused flooding in several states including north carolina 8 people killed matthew downgrade do post tropical cyclone moved out to sea, cleanup continuing in haiti, as island nation struggles to recover from the storm, new reports put death toll over 800 people in that country, that number likely to rise. u.s. has sent aid to the nation but food and water shortages remain a top concern, officials are warning lack of clean drinking water there would lead to an increase in cholera in the country the amount of cholera patients already increasing, just over the last three days. hurricane matthew the worst devastation in haiti since 20 so earthquake killed over 200,000 people, moving to business news this morning, problems that continuing for samsung the company temporarily halting productio