and some legislation passed during the new deal era setting up something called the ccc inside the ustahis without congressional approval. so it has to be related to the trade damages. now, the chief economist at the usta told me they picked this method mostly through internal discussions. they were not legally obliged to do it, but they felt overall and made the most sense just to calculate the gross trade damages. in other words, all the impact of the sales they lost to china without figuring in the fact that, hey, when brazil sells more soybeans to china, europe and other countries are then buying more soybeans from the it isand consequently, not as big an effect. but at the end of the day they thought this was easier and a way to do it across the board. joe: our thanks to bloomberg's mike dorning. coming up, the new york mets and talks to sell 80% of the team to steve cohen. this is bloomberg. ♪ this is bloomberg. ♪ mark: the ranking member of the committee says quote, most americans are getting lost house lays out evidence that president trump was trying to pressure ukraine toward

usta matches. these were all approved a year ago.eball fields would be assessed as the court fee which is same as above, but they play with a lot of people at a time. if seniors are $4, pickleball would be $1 per hour per person. the others are certainly alley. they would have meetings with the community and feedback. it would include facilities improvements and send benchmarks for use and activities and with reporting back on a monthly basis, there will be the regular meetings and we will have it set at least two months before open. they will reach out to meet with more members of the community. >> they are required to meet monthly at the beginning of the lease. as i mentioned, the rent payments, 90% go to maintenance fund and 10% to the tlc. once the maintenance fund is at $25,000 it is 25% maintenance and 25% tlc and remainder to the department. this can be adjusted in the future based on needs. i think i have covered this. we spent a lot of time analyzing how much money needed to be in it to cover expenses in the future. the park

and eu relationship right now that i don't know anybody, whether at the usta or any other agencies, who believes that a breakthrough with the european union is likely in the next two years or beyond. the crux of it is agriculture trade. that's been a problem for 100 years, and it is not going to be resolved by imposing tit-for-tat tariffs. i think maybe trade tensions would be a better word because i don't think we are going to escalate so far that it becomes a war, but maybe my mind is warped because of the china trade war which would definitely pacify is a full-blown attack. vonnie: and we haven't even mentioned brazil, argentina. our thanks to injury trays -- to vedaetta treyz of partners for joining us. coming up, michael fallon joins us with the latest on that nato summit. this is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. guy: from london, and guy johnson. this is "bloomberg markets." let's check those markets. abigail doolittle, over to you. abigail: focusing on the u.s. first, take a look at the major averages, down sharply, more than 1%. we had been in this long

asry: mitsubishi usta groups an impairment charge of $2 billion in the current quarter risks a controlling of indonesia's bank. the need for a chart has been looming ever since the completion of its takeover in april. that triggered a sharp retreat in shares as they were removed from msci indices. talkscommerce bank is in to buy an activist fund's stake. that is according to people close to it. they say it could announce an agreement to buy 7.5% stake in the coming days or weeks. they had rejected an earlier offer as too low. let's get you to some live shots of sydney harbor. bushfires continue to burn around the city. if you are on the bloomberg terminal, you can follow the progress of the fires. many of them burning across many states in australia. you can go to tliv and get the latest there. as for the markets, it is a nasty day to end the decade. the asx off right now at all sectors lower. the only -- right now. all sectors lower. the broader index off by 1.3%. the asx will close early today. this is bloomberg. ♪ when it comes to using data, everyone is different. which is why xfi