i'm viviana hurtado.et's continue our global tour of the week's top business stories. the wto ruled on a dispute between the u.s. and europe. that decision immediately escalated tensions over tariffs. >> the wto has given president trump the green light to impose tariffs on a record-setting $7.5 billion worth of european exports. that is in retaliation for illegal government aid to airbus. >> the wto today handed president donald trump a pretty big weapon in trying to rein in some of europe's trade abuses. governments in the eu have unfairly subsidized airbus to the tune of $7.5 billion, and now the u.s. can retaliate against european goods to that amount. paul: the u.s. is ready to slap tariffs on billions of dollars of european products following a landmark ruling from the world trade organization on aircraft subsidies. >> not surprisingly, aircraft are on the list of retaliatory targets that the u.s. is going to hit. it's going to hit a 10% tariff on large aircraft coming from a few european countries,

viviana hurtado is here with first word news. viviana: the u.s.riffs on turkish steel, halting talks on a trade deal. the administration is calling for a cease-fire in syria, but not a withdrawal. the european union says brexit talks may need to continue after the summit that begins on thursday. reports a deal is taking shape, saying there is a potential solution to the northern irish border problem. the u.s. and china are far apart entree despite the handshake deal. -- far will struggle apart on trade despite the handshake deal. asian will struggle to purchase $50 billion of u.s. farm goods unless donald trump removes tariffs. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm viviana hurtado. this is bloomberg. alix: thank you so much. jamie dimon on the media call saying that china and trade are reducing ceo confidence, as well as capex. recession is ahead, but doesn't know how soon. still likes the u.s. consumer, but honing in on uncertainty. still wit

a new york city with first word news is viviana hurtado. r say north korea would resume nuclear talks with the u.s., kim jong-un's regime apparently firing a submarine based muscle, and that would be an escalation from the launch as they began in may. a coup, how president donald trump describes what is taking place as democratic lawmakers plan and impeachment investigation. the seventh time he tweeted he is the subject of a coup attempt. district was leading a flash mob style protest, a day after demonstrations turned violent. more than 100 were hospitalized. and for the first time since june, police in shot and injured protesters. once again, british prime minister boris johnson is ready to issue an ultimatum to the european union. people tell the eu they must negotiate brexit on his terms and within the next nine days. if not, the u.k. will leave without a deal. ireland already shooting down johnson's proposal. global news, 24 hours a day on-air on tictoc and twitter, powered by more than 2700 journalists and analysts in more than 120 cou

here with the details, viviana hurtado. is growing optimism that is prime minister boris johnson will be able to get a deal through parliament. saturday's vote forced him to delay. a three month the government hopes it can still get brexit legislation approved in time for the october 31 deadline. over to lebanon now, where lawmakers approved sweeping reforms they hope will appease hundreds of thousands of people that have been protesting for days. of 2020 budget has a deficit 0.6%, with no new taxes. salaries of top officials including legislators are going to be cut in half. the government will give millions of dollars to families living in poverty. president donald trump's allies are putting together a list of possible replacements for acting white house chief of staff mick mulvaney. bloomberg has learned former new jersey governor chris christie and former acting attorney general matthew whitaker are on this list. president trump is reportedly unhappy with mulvaney over the white house's slow response to the impeachment

viviana hurtado is here with first word news. boris johnson got the early election he wanted. the u.k. parliament acting the call for an early vote in an attempt to unlock the deadlock over brexit, set for december 12. jeremy corbyn calling the election a chance to build the country for the many, not the few. president trump and his lawyer will be invited to any impeachment hearings by the u.s. house judiciary committee, according to procedures released by the rules panel. president's lawyer will be allowed to question witnesses. the rules do not apply to the ongoing closed-door depositions. over to california, where wildfires are raging and deliberate power cuts have left more than 1.3 million people in the dark. pg&e turning off the power in northern california to prevent more fires from starting. in southern california, utilities are warning they may cut service to 345,000 customers. 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. tonto

viviana hurtado is here with first word news. ith this word, "lies," which is why china calls mike pence's criticism of human rights, also calling into racism and income disparity. talking aboutdent the protesters in hong kong and also accused beijing of raining and the rights and liberties of the residents. a criminal investigation examining a legal find on president trump or on his 2016 -- illegal spying on president trump or on his 2016 campaign. the investigation is widening just as the u.s. house impeachment inquiry is becoming a threat to the trump presidency. over to northern california's wine country, that is where bankrupt utility pg&e had a power line failure just moments before a wildfire broke out nearby. blackening 15,000 acres, destroying 49 structures. earlier this week, pg&e turned off electricity power to a half-million people in that state. this to prevent power lines from starting fires. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 coun

viviana hurtado is here with first word news. ust hours after saying north korea would resume talks with the u.s., kim jong-un's regime apparently fired a simmering -- fired a submarine based missile. a coup is how donald trump described the immigrants' -- impeachment in cory. protests in hong kong are taking a toll on the economy. sales of luxury goods were down by almost half. much of that is due to a drop in the number of tourists. visits to mainland china are down 40%. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm viviana hurtado. this is bloomberg. alix: thank you very much. i do want to highlight some headlines coming out of russia. the russia energy conference, vladimir putin is commenting. "russia is doing everything to balance oil supply and demand." the facts might dispute that a little bit, considering russia is producing more than its month. cuts as of last he also talked about the iran issue, saying he is regretting that

i am viviana hurtado.rg. nejra: russia and turkey have struck a deal to create a buffer zone in northern syria. president erdogan talked with vladimir putin for more than six hours before announcing the agreement which includes joint patrols and coordinated action with syria to remove kurdish fighters. joining us from istanbul, great to have you with us. erdogan called this a historic deal. give us more detail. >> this deal complements an earlier agreement with the u.s. and what it did was allow vladimir putin and president erdogan to take back large chunks of syrian territory that was until recently controlled by kurdish forces, once allies with the u.s. turkey wills that not extend its military operation outside a relatively narrow strip of syrian territory that it has seized, and at allows turkey to push back kurdish militants it considers its enemies, away from its borders, without having to go through a lengthier military campaign inside syria. nejra: what does this mean for the u.s.'s position in thi

here was first word news is viviana hurtado. viviana: a federal judge in new york ruling president trump can't stop accountants from turning over his tax documents to investigators. mr. trump's lawyers say the investigation is politically motivated. when turkeys military launches an offense against american allied kurdish fighters in syria, the u.s. will step aside. that is a change to u.s. policy. president trump tweeted, "the u.s. can't afford to be stuck in ridiculous, endless wars." china once to narrow the scope for any trade deal with the u.s.. beijing signaling it is increasingly reluctant to work toward a broad trade agreement pursued by president trump. bloomberg learning the chinese will not offer to reform industrial policies or subsidies. the u.s. has complained about these key sticking points. over to hong kong, where activists want to follow-up up on a chaotic weekend with more demonstrations. erupting after hong kong chief executive carrie lam imposed an emergency rule to ban facemasks. that edict was largely ignor

viviana hurtado is here with first word news. a: several of president donald trump's closest allies are being drawn deeper into the impeachment inquiry. three house committees subpoenaed his lawyer rudy giuliani. bloomberg has learned secretary of state mike pompeo was among those listening to a call between the president and ukraine's leader in july. that is the call at the center of the investigation. north korea says this weekend, it will resume nuclear talks with the u.s., referring to level."ons as "working during a meeting in june, kim jong-un and president trump agreed to hold talks in a matter of weeks, but they have not discussed details of an armament deal. today, as we have been reporting president xi jinping overseeing a military parade through the center of beijing. it featured some of the country's most advanced weapons. among them, one of the world's longest range missiles. and hong kong, a very different , marched intesters simultaneous rallies across the city. global news 24 hours a day, on air and at tictoc on tw

viviana hurtado is here. mp says the north korea missile tests will not delay the talks. kim jong-un's government fired a missile from a summary. north korea has been pushing the u.s. to ease sanctions in return for backing off its nuclear program. we go to hong kong, where protesters had a response to a government ban on facemasks. they are calling for a mass demonstration this weekend with everyone wearing masks. invoking a rarely used law to ban facial covering. will stayst pressure on wall street lenders. fed officials estimating the move will reduce industrywide capital by $8 billion and lower liquidity demand. it is also expected to reduce the cost of compliance for smaller banks. the rules were put in place after the global financial crisis. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. hurtado.ana this is bloomberg. alix: thank you very much. coming up, it is the time of the year to have that awkward conversatio

viviana hurtado is here with first word news. kurdish forces are giving into demands from turkeys president erdogan. erdogan threatening to resume his offensive if they didn't pull back tomorrow night. turkey denies claims it is violating the cease-fire. china's top trade negotiator says talks with the u.s. are making progress. first premier -- vice premier liu he says both sides are working towards a partial trade deal. inna will buy $50 billion additional farm goods, and the u.s. would suspend additional tariffs. u.k. primen whether minister boris johnson will be able to get a brexit deal through parliament. the government hopes it still can get brexit legislation approved in time for the october 31 deadline. 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. tonto -- i'ma or viviana hurtado. this is bloomberg. alix: for more on brexit and how leaders are reacting to recent development's, maria tadeo joins us from brussels. will an extensio

i'm viviana hurtado. this is bloomberg. romaine: thanks, viviana.t to take control of the troubled startup wework. there's a rescue plan that will also see founder adam neumann leave the company board after selling about $1 billion of stock to the japanese investment per and. let's bring in -- japanese investment firm. let's bring in liliana baker. let's start with the package for neumann. what is he getting out of this deal? reporter: softbank is essentially paying newman to step aside. they will pay him a consulting fee for the work he's already put into the company. this is a good outcome for neumann. he holds onto billionaire status, but it is also a good outcome for softbank, which will be in control of the coming without his influence. being treatedn differently to others? there are others that have a stake in this business. he appears to be getting a much better deal. how is that going to play out long-term? is there a legal risk here? what does this say about how softbank is approaching this? this all toank once go away, all this noise aroun

his viviana hurtado.iving in to demands to turkeys presidents erewhon -- turkey's president erdogan. if they didn't pull back tomorrow night, turkey nice claims it is violating the cease-fire. over to hong kong where protesters unleashed another wave of violence. this is the scene in the 20th week of protests. .etting fires, wrecking stores police using tear gas and water cannons to break up the demonstrations. in china, thanks cut the bench rate for corporate -- data showing the economy is growing at its lowest rate since the 1990's. global news, 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries. i am vivian hurtado. this is bloomberg. tom: all this destruction of geopolitics and quiet markets. futures up seven. oil turning. you can tell me about pound surfing. francine: looking at my data check. it is similar to yours. we are looking at time on the pound, 129.84. it went weekly above 130. this seems to be optimism in the markets. we could still get a deal this week. oth

viviana hurtado is here with first word news. viviana: day two of trade talks between the u.s.hina in washington. negotiators are trying to end the 18 month long dispute that's rocked the main image -- that's rocked american manufacturing and hurt the global economy. president trump said they went very well. to dare -- today he meets with chinese vice premier liu he. the eu will discuss sanctions against turkey for their invasion of northern syria. turkish president erdogan threatening to open the door to europe for the 3.6 million refugees ebbing in his country -- refugees living in his country. last night at a cnn town hall on lgbt issues, democratic candidate elizabeth warren was asked what she would say to a supporter who believes marriage is only between a man and a woman. well, i'm going to assume it's a guy who said that, and i'm going to say just marry one woman. [laughter] [cheers and applause] warren: assuming you can find one. [laughter] warren is facing concerns over how she will connect with voters in rural areas, as well as the midwest. global news 24 hours a day,

let's get straight to the bloomberg first news look, this is viviana hurtado. you ambassadors said they should except the u.k. -- they are reportedly split over how long to grant. the french are pushing for a tight deadline of november 15. many countries want the three months of the u.k. requested. johnson was forced to request an extension. president donald trump is lifting sanctions against turkey after the country complied with a cease-fire agreement with kurdish forces in syria. mr. trump said it shows his decision has paid dividends. the senior republican on the u.s. house affairs committee criticizes the move because -- singapore's economy may be a few quarters away from a recovery. interview, wee are told the baseline view is the current cycle should be bottoming out toward the end of the year and into next year. notaid the decline has spread to other sectors. slow down. risk has to be addressed by monetary policy. that has not been sufficiently addressed. viviana: hold onto your wallet. we are going to talk about possibly the most expensive parking spac

first, let's get to the lumber first word news with viviana hurtado. alks between the u.s. and china resume. bloomberg has learned it is part of a partial deal that the white house may roll out a previously negotiated currency agreement with beijing, plus a tariff increase set on chinese goods for next week may be suspended. to syria, that is where turkish forces are beginning the second day of their attack on kurds backed by the u.s.. striking almost 200 targets. turkey wants to push back turkish militants who -- kurdish militants who guard the border area. donald says the u.s. will not stand in the way of an attack. it is a last-ditch effort for boris johnson to get a brexit deal. today he is having lunch with his irish counterpart. the site is a secret location in northwest england. the sticky point is whether there will be custom checkpoints . to finders may -- need common ground or there may be a no deal brexit. pg&e in california expanded the biggest blackout ever in preventing wildfires. 3 million people may eventually lose power, host in norther

viviana hurtado is here with first word news. ay the impeachment inquiry will focus on the former special envoy to ukraine. firstolker will be the interviewed by the house. more inets will cost the u.s.. so will scotch whiskey, french wine, italian cheese. the trump administration announcing new tariffs on up to 7.5 billion dollars of european products on october 18. the u.s. got the go-ahead from the wto. it is the largest award in wto history. it also comes in retaliation for a legal government aid to airbus -- for illegal government aid to airbus. opec and its allies don't see a crisis on oil production. oil ministers speaking at an event in moscow. crisishe situation is bound, we will be able to take a decision to reduce or increase the production, and it will be good for the balance. it is a crisis event that calls for emergency meetings, so we are monitoring the situation. 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. global news --

i'm viviana hurtado. this is bloomberg. francine: thank you. boris johnson is facing a moment of truth as he prepares to present his blueprint for brexit . it will determine whether there is any hope of an orderly exit by the end of the month. 28also needs to win over the so-called spartans, brexit hardest pro conservatives who voted against may's deal. if he fails, he will face another delay -- something he will never do -- or for say no deal brexit. is our us for the hour guest. we are none the wiser about what boris johnson wants to do when it comes to brexit. base case? the one thing i think we know ofthis guy has spent a lot time wanting to be prime minister and doesn't have strong political beliefs on a lot of it gets close to the pressure point, i think he is likely to bend to do a deal. said you the eu has give us a proposal and we look at it. is the u.k. working on active proposals? jim: he was interviewed live about 50 minutes ago, which i missed to come in here, so i don't know quite what he said the e rso know o

here's viviana hurtado with first renews. ansas city fed president says there is no need yet -- to ease yet. north korea and the u.s. agree on how talks in sweden -- and the u.s. can't agree on how talks went over the weekend in sweden. the trump administration call the talks good. north korea has been pushing the u.s. to ease sanctions at the same time it's been staging missile tests that are seen as provocative. the white house even turkey the green light to invade northern syria in the coming days. turkey will go up against kurdish forces that had been allied with the u.s. and the fight against the islamic state. that marks a possible reversal for president donald trump. he'd warned turkey of economic devastation if it attacked kurdish troops in syria. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm the jan art out of -- i'm viviana hurtado. this is bloomberg. alix: coming up, his $100 billion vision fund holds stake in the world

viviana hurtado is here with first word news. trump has called on trey gowdy to help lead the legal strategy of the impeachment investigation. he will also cordon eight republican lawmakers. a white house lawyer calling the probe unconstitutional and invalid. nancy pelosi called the president's actions around the call with leader of ukraine a betrayal of democracy. the trump administration is pressuring china over human rights. it opposed bands on chinese official ties to the mass band of muslims. the band is symbolic, those officials rarely travel abroad. china planning tighter visa restrictions for u.s. national. the target's employees sponsored by intelligent services and human rights group. china turning up the heat on the nba. more local sponsors of nba events on the mainland are suspending ties after state run tv said it would not show the league's preseason game. the trouble beginning when the houston rockets general manager sent out a tweet that back hong kong protesters. the brooklyn nets and the l.a. lakers are in china

i'm viviana hurtado.isit some of the week's top interviews on bloomberg television. the sharp, midweek selloff renewed discussion of a recession risk on wall street. but areas capital management ceo michael righetti said his company is still finding plenty of investment opportunities. he spoke exclusively with jason kelly. >> i think for a while, everyone looked at the u.s. as a hotbed yet a safe haven where people were bringing in capital. but when you look across europe in markets that we play in, we are still finding ample things to invest in, real estate markets are healthy. some of it is the central bank is very accommodative. i think people feel there's an ecb put, which is allowing people to be a little more active, given the economic backdrop we are dealing with. jason: talk about the credit market out there. how are companies feeling, given some of this macro uncertainty? michael: there is this huge dichotomy right now in the world, because markets crave certainty and we don't have a lot of it ri

i'm viviana hurtado.roundup of top stories in politics, starting with corporate drama involving a surveillance scandal at a major european bank. matt: credit suisse's coo has resigned in the wake of the spying scandal that has rocked swiss finance. but the ceo has been spared. >> credit suisse is in full damage control. we heard from the chairman today, who presented this entire scandal as a rogue operation by the coo alongside the global head of security. of course, the two have now resigned. there is no indication that the ceo knew or approved any of this. he did say, however, and issued a very public apology, that this should never have happened. he said this is something they simply do not condone. i have to say, however, the investigation from credit suisse may be over, but the prosecutor said their investigation continues. so this is certainly not over. >> the ceo is working to win back his troops after surviving a spying scandal, telling his staff in a memo "full accountability has been taken with

here's viviana hurtado. begin with a deal that will create one of the world's largest automakers. rivals fiat chrysler and pfa group -- the boards agreeing to work toward a binding agreement. shareholders of each company will own 50% of the new entity. psa's ceo will leave the company. hong kong has now entered a recession. hong kong's economy shrinking at 3.2% annual rate, much worse than expected. it second quarter in a row gdp decline. experts say for hong kong to recover tourism from mainland china must revive. in august it was half of what it was in january. federal reserve chairman jerome powell signaling to central bank policy now on hold after cutting interest rates this year for the third time. powell says the policy is appropriate to keep the economy going and inflation near the 2% goal. it was a two-for-one shot for twitter. the microblogging site announcing it will ban all political ads. co jack dorsey was able to take a shot at facebook. dorsey tweets, "we believe political message reached should

i am viviana hurtado. this is bloomberg. did that story. i was in hong kong once laying in bed and my leg started throbbing. the idea of long flights, you have to get up and do something and i did not do that. that long flight for qantas will be something. michael spends inventing graduate studies. he is one of our leaders on information. with his study of china and their information flow. what do you glean as the messaging out of the communist party and president xi? michael: there is multiple strands. i think china is pleased and proud of the digital technology companies they produced, and i think they are demonstrably helping the economy produce growth and inclusive growth patterns, so on that front they are fine. that have toided control internet content to control political and social stability, and political control by the communist party. that strategy will not work well in the west because it runs counter to deep-seated values we are attached to, but it is a choice. every company faces free speech and choice, and the

hereour "first word news," is viviana hurtado. ressure to cut interest rates again. economic data and slumping placing a 75% chance of a quarter-point reduction. airbus has been spared the full impact of new u.s. tariffs. president donald trump taking steps to keep planes built in mobile, alabama from the 10% duty. airbus will be able to ship components from europe to alabama without paying this tariff. in the u.s., airbus employs 4000 people. at least seven are dead after the crash of a world war ii bomber in connecticut. during takeoff, the b-17 had mechanical problems and slammed into a maintenance building after coming back to land. 13 people in total were on board. president is the promising new rules on labor and foreign investment. that would deliver on major reforms investors are demanding. the president saying labor law changes will only apply to new workers. that would help attract businesses who want to set up shop in indonesia. global news, 24 hours a day, on air and at tick toc on twitter, powered by over 2700 journali

here is viviana hurtado. viviana: the european union and u.k.it deal. the big problem is the allies from northern ireland, the dup resisting plans from brussels. johnson will not give the green light unless he is sure the party will back it. turkey rejecting the trump administration's demand for a cease-fire, and erdogan turned .own talks he says he will not said at the same table with what he calls terrorist organizations. carrie lam is acknowledging the impact of the protests on the economy, expecting that hong kong entered a technical recession. she unveiled measures aimed at lowering the cost of living for residents. medicare forren's all plan, which she raise taxes on the middle class to pay for it? >> i will not sign a bill into law that does not lower costs for middle-class families. >> we heard it tonight, a yes or no question that did not get a yes or no answer. the is why people in midwest are frustrated with washington and capitol hill. viviana: mader peeper to gag called warren extremely -- mayor pete would a gig -- called warren --

viviana hurtado is here with first word news. viviana: the european union and the u.k.mistic about reaching a brexit deal. the big problem is prime minister boris johnson's allies from northern ireland. the dup is resisting plans from brussels. johnson will give the green light on a deal unless he is absolutely sure the party will back it. turkey rejecting the trump administration's demand for a cease-fire in syria. president erdogan also says he's turned down a u.s. offer to broker talks between turkey and the kurdish militia. erdogan says turkey won't sit at the same table with what he calls terrorist organizations. despite some high-profile defections, facebook vowing to carry on with its digital currency. sayingial media network it will continue. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm the vienna or tonto. a -- i'mviana or todd viviana hurtado. this is bloomberg. speak toing up, we beth ann bovino, s&p global chief u.s. economist. if you have a bloomberg terminal,

i am viviana hurtado. this is bloomberg.h. it is an important conversation, the leadership of ireland and the leadership of the united kingdom, but there is an immense backstory. your data on brexit maybe two, three years back, or may go back to the good friday agreement. anna edwards has been reporting in dublin. anna: thanks very much. an important conversation that fits into the political spectrum. let's bring another political voice in. collins,ed by niall foreign affairs spokesperson. not in coalition but certainly in partnership. of do you rate the handling brexit? niall: as we judge the government's performance, ireland as part of an e.u. 27 negotiating group and the negotiations are being led by michel barnier on behalf of ireland. we broadly support the government in terms of our approach to those negotiations, and i think there is pretty much unanimous support across the irish parliament in terms of the government's approach to brexit. we have been critical of the government in relation to our internal preparedness

alix: let's get an update in the business world with viviana hurtado. and china's president shi will find an interim trade deal. they will be attending the cooperation conference. boris johnson is getting his way. the u.k. is now set for its third general election in four years. the opposition labor party says it will back johnson's call for an early election in december after the prime minister promised he wouldn't try to push through his brexit bill until a new parliament has been elected. and eric canter warning of investors backlash in the weight of those vulgar remarks by kent fisher investors have pulled about $3.1 billion. he is speaking with the initiative summit in saudi arabia. he said firms failing to respect women in the workplace will be increasingly punished by customers. global news, 24 hours a day powered by 2,700 journalists and analysts in more than 120 coin premarket shares. phil he's let. -- haslett. this is bloomberg. ♪ erg. ♪ viviana: this is "bloomberg daybreak." coming up later, the general motors c.f.o. alix: time now for bottom

with our first word news, it is viviana hurtado. the green light to invade northern syria. turkey will go up against kurdish forces, have been alley with the u.s. and the fight against islamic state. if it trump warned turkey attacked kurdish troops in syria. china wants to narrow the scope for any trade deal with the u.s. beijing saying it is reluctant to work toward a broader trade agreement. negotiations will resume. bloomberg has learned the chinese will not reform policies. the u.s. has complained about these sticking points. in hong kong, activists want to follow-up chaotic weekend with more protests. demonstrators 4-wood police and vandalized stores. hong kong's chief executive imposed an emergency rule to ban facemasks. hsbc reportedly might cut as many as 10,000 jobs. the british banks would bear the front of the cost. hsbc is questioning why it has somebody people in europe when it makes most of its profits in asia. global news 24 hours a day, on the air at tictoc, on twitter, powered by more than 2700 journalists and anal

nejra: let's get the bloomberg first word news with viviana hurtado. boris johnson will find out if he has a chance of getting his brexit deal through parliament. to second vote is scheduled take place at 7:00 p.m. u.k. time. suggestingtes johnson probably has just enough face a to win, but will more difficult on his fast timetable. a secondudeau winning term, but his mandate is smaller and that will force him to rely on other parties. won, short ofrty 170 needed for a majority. four years ago, the liberal party secured a majority. president trump raising expectations an agreement with china could be signed next month , telling the cabinet meeting beijing indicated negotiations are going well. china has already started buying more agricultural products. benjamin netanyahu failed to form a new coalition government and has been forced to return the mandate to the president, who will pass the right to benny ganz. he is expected to face an equally difficult path to elections this year that left israel and political deadlock. protesters gathering in chile a

here is viviana hurtado. viviana: the u.s.ill threatening to impose sanctions on turkey in response to the military offensive in syria. lawmakers warning a deal struck with the trump administration will not necessarily save it from economic penalties. steven mnuchin open to looser bank liquidity rules. the regulations were put in place during the era of the global financial crisis. there may be a way around current regulations that would create liquidity without increasingly risk. some have pushed for the rules to be eased. in california, wildfires continue to rage and power cuts have left 1.3 million people in the dark. pg&e turning off the power to prevent more fires from starting . in southern california, they warned they may cut service to 345,000 customers. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am viviana hurtado. this is bloomberg. francine: we are just getting breaking news out of the norway wealth fund, one of the bigg

i'm viviana hurtado.maker will cut of its workforce which could be as many as 9000 positions, part of a broad restructuring design. hp faces a number of uncertainties. sales falling. the ceo steps down. ceo ofepping down, the bp. bob dudley will leave in february and be replaced of the head of the upstream division. dudley has been with bp for 40 years. he took over in 2010 after the deepwater horizon catastrophe in the gulf of mexico which cost them billions in penalties and compensation. that is your bloomberg business/. -- bloomberg flash. kongine: the hong government is banning facemasks after months of unrest. they are invoking emergency powers for the first time in decades. you are seeing a number of pictures with masks that are usually used to protect against colds and flu. i don't know what is band and whether this is in defiance. said executive carrie lam although the move was necessary did not mean hong kong was under a state of emergency. joining us is in. an. how has this been taken? >> there

i'm viviana hurtado.ew our roundups of top stories in politics, starting with corporate drama involving a surveillance scandal at a major european bank. suisse's coo has resigned in the wake of the spine scandal that rocked finance. but the ceo has been spared. >> credit suisse is in full damage control. we heard from the chairman, who presented the entire scandal as a rogue operation by the coo. the two men have now resigned. there is no indication that the ceo knew or improved -- approved any of this. but he issued a public apology and said this is nothing -- this should never have happened. he said this is something they simply do not condone. the investigation from credit suisse may be over, but the prosecutor said their investigation continues. this is certainly not over. working to-- ceo is win back his troops, saying for accountability has been taken. >> he is responsible. not looking good, share prices down. employees are very concerned and angry. never had 70 people coming out and saying look, th

i am viviana hurtado. this is bloomberg. u.s. a speech in which he criticized china's actions against protesters in hong kong. beijing called his speech lies. the two countries remain locked in a trade war. d.c.ng us from washington, -- brettbrewer and bruen. what ought we be paying attention to when it comes to to.-china trade relations determine whether things are getting better or worse? it is hard to tell. brett: it is, and they will do this delicate dance over the next few months to try and seek out an adventitious crowd. yesterday's speech by vice president pence was another part to remind beijing the u.s. can use leverage, but ultimately trump is desperately seeking a deal and will do his best to wrap that up before we get into the throes of the presidential election. lisa: the narrative has shifted from we are not going to trade on these headlines, we are long-term money, to the ongoing uncertainty has caused businesses to reduce investment and it has weighed on markets. how are you positioning, for a trade truce, or for

i am viviana hurtado. this is bloomberg.nomy grew at the slowest pace since 19 92 as weak domestic demand and the trade war took a toll. missing the 6.1 percent consensus. joining us is bill rhodes and catherine mann is still with us. and thank the program you for staying with us. how much should we worry about china? catherine: you need to go below the gdp statistics and make a distinction between consumption and investment and the trade side. still staying hard or staying good. it is the investment part that is weak. china has been wanting to do a transition away from investment led and trade led growth for some time. challenging, been and this is on the bumpy road. meetings andmf world bank meetings, i have been dying to ask you this question. international bankers want to create international revenues. can they create profits in china? can american banks and european banks create profit internationally, or is it a quixotic effort? william: if you are talking about china, china is in a difficult economic situation today a

viviana hurtado is here with first word news. a: a deal that would create one of the world's largest automakers, fiat chrysler and peugeot creating a deal to merge. the boards agreed to work towards a binding agreement. psa's brand includes peugeot and citroen. ceo would lead the company. four months of protests taking their toll on hong kong. the city has now entered a recession. in the third quarter, hong kong's economy shrinking at an enteral rate much worse than expected. it is the second quarter in a row gdp declined. experts say for hong kong to recover, tourism from mainland china must come back. in august, it was half of what it was in january. over to southern california, where more than a dozen brushfires have broken out. the biggest near the ronald reagan presidential library. the fires are being driven by 60 mile an hour winds. in northern california, firefighters are gaining the upper hand on a fire in one country that has burned more than 76,000 acres and destroyed dozens of homes. global news 24 hours a day, on air

now for headlines outside the business world, viviana hurtado is here with first word news. viana: deepening confusion over president trump's policy on turkey and the u.s.'s kurdish allies. the president has not endorsed the turkish invasion, that statement coming after republicans blasted the president after apparently giving turkey the green light to invade. turkey views the kurds as a security threat. british prime minister boris johnson sounding pessimistic about a box at deal, telling german chancellor -- about a brexit deal, telling german chancellor angela merkel that a deal is virtually impossible. breaking story, bloomberg has learned the trump administration is zeroing in on possible capital flow restrictions into china. a particular focus, investments made by u.s. government pension funds. this is the latest escalation before u.s.-china trade talks this week. china vowing to retaliate overnight over yesterday's blacklist of eight chinese tech companies by the trumpet been astray should. the basis for that -- by the trump administration. abuse of for that, the right

viviana hurtado is here with first word news. te house will consider a partial trade deal when talks resume today with china. of iterg has learned part could be a courtesy pass already reached. following will be a talk on core issues including intellectual property and technology transfers. in hong kong, months of protests have pushed the city to the brink of its first recession since the global financial crisis. data is likely to confirm the economy has contracted for the second quarter in a row. hong kong's government may unveil stimulus measures. a green bond boom. ireland, 2.2 million dollars bonds to pay for environmental products was oversubscribed. ireland is taking advantage of record low borrowing costs. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am viviana hurtado. this is bloomberg. alix: thanks so much. bonnie, you are also in charge of es -- of efg. what is your top trait within esg? bonnie: the way view it is we are integ

viviana hurtado is here with first word news. ictory turkey's president erdogan has wanted for years. turkish forces halt a defensive in northern syria. kurdish fighters will be forced to retreat from the battlefield. they were once u.s. allies. turkish forces will not withdraw. kurdish leaders say they will not stand for turkish occupation. the acting white house chief of staff backpedaling on controversial statements about ukraine. mick mulvaney saying the white house did withhold almost $400 million in military aid to ukraine to further president donald trump's political interests. that undercut the president's denials of quid pro quo. democrats are calling the statement a potential turning point in the impeachment investigation. he now denies saying what he said. boris johnson now hast the sales jobs of his life. the prime minister must sell his brexit plan to skeptical members of parliament and vote on it tomorrow. he will also have to convince a number of opposition lawmakers. if johnson fails, the u.k. may have to delay the

this is -- i'm a viviana hurtado. this is bloomberg. coming up, we look into the world of financial advisors, with the largest private brokerage firm in the industry. we will speak to penny pennington, edwards jones ceo. if you have a terminal, check out tv . miss anything? go back and check it out. this is bloomberg. ♪ loomberg. ♪ viviana: this is "bloomberg daybreak." coming up in the next hour, robin hayes, jetblue ceo. now to your bloomberg business flash. china's state-run cctv is sticking to its blackout of the nba. its a sport channel didn't air the nba's opening game, the first time that's happened in at least a decade. earlier this month, cctv launched its boycott when the general manager of the houston rockets tweeted his support for pro-democracy demonstrators in hong kong. malaysia looking to settle its case with goldman sachs in the 1mdb scandal. publicly, the government demands butman pay $7.5 billion, negotiators may settle for $2 billion. malaysia is trying to recoup money plundered from the scandal ridden develop an

right now, we trust you will enjoy our first word news with viviana hurtado. viviana: a u.s.d trump's call to the president of the ukraine. today, he testifies before three house committees leading the impeachment inquiry. he says he reported his concerns to the security council lawyer. in the state of california, wildfires are bright and hundreds of thousands are in the dark. pg&e will cut the power to as many as 1.8 million people, the latest in a series of unprecedented power cutoffs. the largest wildfire in wine country has destroyed almost 100 buildings. the ceo of boeing will tell two committees they made mistakes on the 737 max 8. he is the first company official to publicly testify on their role in the crashes that killed we hundred 46 people. one member of congress alleges they withheld key safety information before the crash. one of the casualties of the now date,te october 31 brexit coins will be melted down. the chancellor of the exchequer announced plans for millions of coins to be engraved with the date, but production was put on hold when it would be -- was cle

i am viviana hurtado. this is bloomberg.wn on any optimism for a trade deal. here's what the chinese premier is saying. they will trade domestic and foreign companies equally, but they will strictly protect ip rights. a big one. they welcome continued investment by high-tech companies. romaine: he talks about how the economic issues, the economy there is still persistent. he does reiterate the idea china will offer that support. you are talking about an economic situation that has not improved. alix: he is also talking at the samsung offices, so that is a part of it, saying we will protect our ip rights. program, we this will get back to that 737 max -- the boeing board strips the chairman of his title so they can focus on getting the jet back in the air. more on today's bottom line coming up next. bloomberg users, interact with the charts using gtv on the terminal. ts shownchar throughout the show. this is bloomberg. ♪ viviana: this is "bloomberg daybreak." i'm viviana hurtado in the hewlett-packard enterprise greenroo

i am viviana hurtado. this is bloomberg. to a potential deal, sterling rising after a positive meeting between boris johnson and his counterpart in ireland. the had a good meeting with prime minister and our teams together, very positive and promising. be an agreement that is in the interest of ireland, the u.k., and the european union as a whole, and we see a pathway toward an agreement. francine: joining us from .russels is maria tadeo when you look at the warmth, or what the two leaders said yesterday, it seems like a deal as possible. will we really get a deal before the e.u. summit next week? maria: this is significant because it is pretty much the wayt time in a public, open that the u.k. and irish government appeared to be on the same page. , we just the optimism heard from the head of the european council that the deal is not quite there yet, but there are positive signals coming out of london. if you remember the start of the week, it was a very different story. the united kingdom was saying the europeans had almost

i am viviana hurtado. this is bloomberg.thank you so much. netflix shares surging and extended trade and in the premarket after international subscriber growth helped calm investor concerns about a slowdown stateside. the company signed up more than 6 million new users outside the u.s.. these international markets will be even more important as netflix faces competition from the likes of disney and apple, who will be shortly releasing their own streaming services. still with us is ann-katrin petersen, argus from allianz global investors. our guest from allianz global investors. >> sometimes, what you see in consensus does not reflect really what people are thinking. i think that is the case here, where people are worried we will see another weak quarter and another we catholic -- week outlook around concerns -- weak outlook around concerns. even though that forward guidance is lower than expected, it is still going to be a decent they have aear and strong sleigh of content mind up. nejra: how worried should it -- lined up. n

viviana hurtado is here with first word news.r: islamic state abu bakr al-baghdadi was under surveillance for weeks. at. after being cornered in northern syria, president trump says al-baghdadi blew himself up. he spoke openly about coronation with russia and turkey. the european union agreed to give the u.k. a three-month brexit delay until january 31. that will prolong uncertainty for businesses and citizens but also ends the risk of a damaging no deal exit this thursday. british prime minister boris johnson is pushing his own plan to resolve the deadlock. today, the house of commons votes on his call for an election in december. in argentina, the opposition leader will be the next president. he won 40% of the vote. voters say no to the austerity program of pro-market president macri. this marks a return to a movement that traditionally favors workers over business owners. is slashing the amount of u.s. dollars it citizens may by. global news 24 hours a day, on the air at tiktok, on twitter, powered by more than 2700 journalist

there will let's check in with viviana hurtado. lens to buy $20 billion of american farm products if it finds a trade deal with the u.s.. bloomberg learned it would consider boosting purchases as part of future negotiations. met was before the u.s. started imposing tariffs. the european union keeping boris johnson waiting. thembassadors agreeing british prime minister should get more time to work out a brexit deal but they can't agree on how much time. tight is pushing for a deadline and other countries want to give them the three months it has requested. and there could be another blackout in northern california. toe cutting service customers in northern california. it is an attempt to keep powerlines from sparking wildfires. other utilities are warning of shutoffs. and -- of right wing dictator francisco franco has been in the mausoleum since he died. his mother liam is considered offensive by many spaniards. this is bloomberg powered by more than 2700 journalists and analysts in more than 120 countries. coming up, ford and tesla

i'm viviana hurtado in the hewlett-packard enterprise greenroom.rg markets," eric firewall, magenta ceo. now your bloomberg business flash. hundreds of thousands of californians again face the prospect of another deliberate lack out. the bankrupt utility pg&e is considering shutting off more than 200,000 homes and businesses, shutting off power. it will happen in the northern part of the state. the company trying to keep its power lines from starting wildfires. in the race for the world's largest private jet, gulfstream wants to takes the lead. it is unveiling plans to make a roomier person -- a roomier version of its g6 50. it will be able to fly 700 nautical miles and crews under the speed of sound. , $76 million. shares of biogen searching. drugompany will ask u.s. regulators to approve its experimental therapy for alzheimer's disease. a new analysis of data from two failed critical trials showed promising results. i am viviana hurtado and that is your bloomberg business flash. alix: $76 million? i am saving my pennies. romaine, you are also loo

right now in new york city with our "first word news, here is viviana hurtado. on today over u.s. policy in turkey and the kurds. a senior official says president donald trump is not endorsed a turkish invasion of northern sierra -- of northern syria. earlier in the day trump said he would not stand in the way. republican allies accused him of abandoning kurdish allies. hong kong's government promising it can handle the protests without help from china for now. the city's chief executive will not rule out asking beijing for help. the government could invoke more emergency measures. protests over the weekend were among the most violent of are the last four months. the union for southwest airlines , pilots suing boeing over the 737 max 8. they claim the company rushed the output of the plane and withheld key information that late -- that led to two fatal crashes. boeing calling the suit meritless. global news, 24 hours a day, on air and at tick toc on twitter, powered by over 2700 journalists and analysts in more than 120 countries. i am viviana hurtado. this is bl