this is bloomberg. ♪ vonnie: this is bloomberg markets. i'm vonnie quinn.thety, at one epicenter of the coronavirus, is still reeling from lockdown. businesses are battered across the five boroughs. joining us now to discuss the of togutalbert togut segal & segal, legendary in the bankruptcy community. he has worked on the bankruptcies of enron, gm, westinghouse, and so many more. is this the worst you have seen it in new york city, have there been worse times? worse at the not moment, but it has the potential to be the worst thing i've ever seen in my life, i'm sure. vonnie: what does that outcome depend on? how many months of coronavirus lockdown, what level of both? albert: what is interesting to us in the restructuring immunity is, once the pandemic started anti-lockdown began, we expected there would be a flood of filings. even though there have been some by mostly retailers and people great energy sector, the rush of filings you would have expected have not occurred. , itrying to understand that can tell you, for my firm and most others, when we were

vonnie: i am vonnie quinn. groups financial markets tina fordham joins with motorsights and general take the 2 billion-dollar equities estates in nikola and agrees to manufacture another pickup model. we have the details. we speak to impossible foods cfo david lee about expanding into canada. let us take a quick check of the markets. it is a bit of a selloff although we are moderating slightly. the dow is down, s&p down, it is the nasdaq bearing the brunt of the selloff down 2.5%. the nasdaq 100 after a 6.5 day drop on thursday and friday down more than 2%. $3.11 off.nocking weaker byh pound is 9/10 of 1%. picture withig tina fordham, avonhurst partner and head of global political strategies. she joins us from london. states we are 57 days away from the election and still no stimulus insight, even though the senate is back. it does not look like the president and democrats are ao any page that would be considered similao similar. where do we go from here? tina: i think another round of stimulus should be a fore

vonnie: i am vonnie quinn.the red, it's closing -- the longest losing strength -- streak since february. discount.ic we discuss art and auction houses with the ceo of christie's. likes of justice ruth bader ginsburg. we discussed the legal legacy of the late justice and the high-stakes fight over whether to fill the court vacancy before the election, amanda. certainly seeing a negative tone across stock markets to kick off this week and some of that is uncertainty on the political front, not least, arguably, that supreme court nominee broiling markets -- broiling markets, but you could also put on the list china. china-u.s. trade back in focus. and of course, that probe today cut a lot of people by surprise. bank stocks are certainly surprising -- swooning. nasdaq paring some losses. it is off the low of the session. it had been the best performing of the subgroups, although negative. may be still some believers. it is interesting to also note that both gold and oil are on the downside today. off the lows of th

vonnie: live from the bloomberg world headquarters in new york i am vonnie quinn.e top stories we are following. the fed decides in 30 minutes, the rate decision. we will discuss the bank's next steps after it announces a new approach to interest rates. we will discuss that with nick maroutsos, head of janus henderson global bonds. the director of the wto. there was a decision this week regarding the u.s. and china and more. --will hear from imf cheap chief economist gita gopinath about what the shape of the recovery will look like. a quick check on the major averages. we are seeing a bit of a turnaround. the dow jones industrial average holding onto quite strong gains, up .6%. the s&p a recent gains, only up .1% now. .5%nasdaq is it self down despite one of the most successful ipos of the year in the tech space. now, upare company, s 160% as it continues to trade higher following its ipo today. a massively successful ipo. raising $3.6 billion, just short of the 4 billion dollar record so far of the year, and doing much better than that as the day progresses. we wi

this is bloomberg. ♪ ♪ vonnie: this is bloomberg markets. i'm vonnie quinn.ted wholesale mortgage will become a public company through a proposed combination with gores holdings in a transaction valued at 16 $1 billion. the deal would make it the largest business composition for a spac to date. united wholesale mortgage ceo mat ishbia joins us now. congratulations. why did you decide to go this route? why did you imagine gores holdings would be the best partner for you? uw.e are excited here at going public was one decision process that helped us to really grow the wholesale mortgage business, help our team members succeed. team -- those are some of the best guys -- you only go public one time in your life. having great people that have done it before that could guide me was a fantastic option. i was not cashing out, i was trying to build a business. i would do it again if i were to go through the process. vonnie: talk about your competitors. rocket doing something similar, going public last month, now valued at $41 billion. what would be your goal, when it c

. ♪ vonnie: welcome to bloomberg markets. i'm vonnie quinn.e are focusing on the bumpy road back in any economic recovery we may see. restaurants reopening at a quarter capacity. on the other hand, some may never return. chef, cohen, celebrated the owner of dirt candy, will join us and talk about how restaurants are fighting to survive. the nfl kicked off last night. we will speak to draftkings ceo jason robins. student entre nurse together from all over the globe. derosa --o rachel jarosh about how the pandemic is inspiring a business leaders. bahrain has joined with united arab emirates with normalizing relations with the united states. a joint statement between israel and iran, saying that they will become the second gulf nation to establish diplomatic ties with israel, joining the united arab emirates. prime minister benjamin netanyahu will be visiting the white house next week. president trump also telling reporters that leaders from bahrain will also be at the meeting. we will be looking for that next week. something the president just w

this is bloomberg. ♪ vonnie: this is bloomberg markets. i'm vonnie quinn.resident trump with an additional subject to press now before tomorrow night's debate with joe biden. his tax returns. is the us with more renaissance macro research had a policy steve pavlick. there is a lot in here that is knew,ome that we already but there are some things that joe biden could bring up if he wishes to. is that the right strategy? steve: i think you are right that most people have made up their minds about trump and his tax returns. i'm not sure that they will move the ne-yo too much. i think the timing is likely to give barden the opportunity to use it as a talking point in tomorrow night's debate and undermine his appearance of being a successful businessman, to erode his support on the issue of the economy, which most polls is saying is their top issue heading into 2020. i think biden is hoping that might appeal to battleground states, voters who are inclined to pay taxes. trump supporters will point out most people don't pay more taxes than they are required to. t

this is bloomberg. ♪ vonnie: this is is bloomberg markets. i am vonnie quinn. york city will reopen indoor dining at the end of the month with 25% capacity. but does it come near enough to help the industry? even if those restaurants are willing to open. we will ask with someone familiar, chef angie mar, owner of the beatrice in in new york city -- beatrice inn in new york city. we spoke to you toward the beginning of the pandemic. it was very difficult and uncertain. it has been several months now. there is finally a green light for some kind of indoor reopening. just tell us how you are feeling and how you have navigated the last six months. angie: it is a pleasure. the last six months have been ever-changing. the last time we spoke, i told you that i was in the midst of pivoting my business. going from a fine dining restaurant to doing solely take so overnight, you know, definitely a lot of changes. we have been able to open up for outdoor dining, but even at that regular15% i of our could -- only 50% of our regular capacity. -- 15% of our regular capacity.

this is bloomberg. ♪ vonnie: this is bloomberg markets. i'm vonnie quinn.arkets trading lower since the fed decision and news conference 24 hours ago, but it is not just monetary policy and fundamental driving price action. the rise of the retail investors has brought more mom-and-pop traders into the markets. kailey leinz has been looking into it. >> 2020 has been the year of lots of things, including the year of what may have been, including mega cap tech stocks. but we2% at this point have to consider the role of mom and pop in all of this. because we are in the middle of the pandemic and people are at home, maybe entertaining themselves by betting on the stock market. we have evidence that proves this. if you look at the daily average trades, each reach, charles schwab, they have picked up in a large way this year, notably for schwab, the white line on the chart. when you look at it through an account linens, sites like robin hood have added 3 million accounts this year and post over 13 million active retail accounts. to 14.3schwab now up million. accor

vonnie: i'm vonnie quinn. we are joined by our bloomberg and bnn bloomberg audiences.e are the top stories we are following from around the world. jay powell mourns the economic recovery may not last and advocates for fiscal aid says it is likely that the country will need it. jim bullard arguing the u.s. economy has enough meant him to recover without more fiscal support. tesla's big reveal. elon musk cautions the electric car maker. with genescuss it all numberevsky, employee seven. pfizer may be the first to see if their vaccine works after 32 infections accumulate in their massive 44,000-person trial. we will discuss the timeline for vaccine and what it means for competitors. i want to take a check on the markets. rising seen certainly and falling today, bouncing around, mixed jury in the subgroups as well. as far as momentum across the market, we are in positive territory. teche the broad s&p 500, is not performing particularly well. we are seeing it particularly flat. energy and financials are weighing on the picture today. basically flat for the s&p 500 througho

vonnie: i am vonnie quinn. here are the top stories we are following around the world.au's economic recovery plan. it the canadian prime minister is said to outline the government's primaries -- priorities. the third annual bloomberg equality summit. ceo jim fitterling and what organizations should be doing to create change. stagen & johnson's late trials. shares higher as the company announces it is beginning phase three trial testing for a one-shot vaccine. the latest. a look at the markets, greg. greg: a bit of a down day out there now. nothing too dramatic. money has been made it cheap by global central banks. there is no other alternative but to play in the stock market. but then you get days, as we powelld, with jerome reminding us why he made many cheap. it is the economic challenges the world's largest economy still faces to get out of the whole of the pandemic. the bounceback has been sharp, perhaps sharper than expected, but jerome powell warning there is a long road ahead. the s&p 500 down about .75%. the nasdaq down a little more than 1%. seeing some money m

vonnie: i am vonnie quinn and welcome to "bloomberg markets." here are the top stories we are following. showojections from the ecb the economy collapsing by 8% this year, slightly less bleak than the outlook three month ago. the euro strengthening after christine lagarde said she will be speaking -- a historic day on wall street. citigroup names its next ceo. he is the first -- she is the first woman to take the role that a major global bank. we will discuss the challenges ahead for her. citigroup and other banks are planning to return of their selloff. i speak with the ceo looking to clear the air literally for employees. let's get a quick check of the market. despite the choppy session after the ecb announcement and it has been quite choppy in the u.s., equities are now lower. all three indices are down. the dow and s&p down by .4%, nasdaq down .1%. the 10-year yield at 70 basis points. little movement but enough to show there is some kind of reaction. the euro continuing to strengthen. above 118. we will stay on the euro. surgeine lagarde sa

vonnie: max thank you.n on palantir coming up, keeping an ion what is happening -- keeping an eye on what is happening on capitol hill. right now, steven mnuchin and nancy pelosi discussing stimulus. this is bloomberg. ♪ vonnie: this is bloomberg markets. -- romaine: i am amanda -- amanda: watching shares of palantir trading, a big jump in $10 aening trade, around share. giving the company a large valuation. there is your 53% move. one of the big questions for stocks in general will be around will18 billion valuation be what happens to stimulus talks on capitol hill. how much progress can be made there. i want to welcome rick davis from stone court capital. a lot hangs on this meeting between steve mnuchin and nancy pelosi. how optimistic are we feeling? rick: this is the culmination of negotiations between the negotiators that seem to be coming to a head. -- nancy pelosi is exercising her right to pass another stimulus to put pressure on the administration, but they seem to be coming together on the overal

. ♪ vonnie: welcome to bloomberg i'm vonnie quinn.lobal stocks finishing the week in the red although we are recovering slightly. tech shares led the s&p 500 lower for a second day, losses coming on the same day that the nonfarm payrolls report, which showed progress in parts of the economy. this error will be talking about jobs with the len egert of the american guild of musical artists. he will speak about how performers are coping with no live shows. then we will hear from the ceo of test max is moving his company from los angeles to arizona. finally, the state of the airline industry and private flights. will wolf, coo of flexjet discuss the turbulence. let's get a check on the markets. we saw a selloff and it quickened early in the session but we are getting some relief now. and nasdaq still down 2.7%. the s&p 500 recovering, down 1.6%, following several percentage points declines yesterday. a strengthening dollar earlier, giving back most of those gains. 92.85. now to the august jobs data which the prized to the upside with nonf

vonnie: i am vonnie quinn. we are joined by our audiences.e stop -- top stories is where following. china and the u.s. presidential elections. president trump escalates attacks against beijing as he trails joe biden in the polls. we will discuss this with canada's former ambassador to the united states. the fate of food security is not good. hunger is surging in the african-american households reporting they do not have enough food in a given week, 10% of them. we will speak with steven spinner, chairman and ceo of united natural foods. impacts on women and finance. disrupts two decades of progress for canadian women in the field. why they are having to work twice as hard now. a check on the markets, greg. vonnie, we are making gains again today, but it is one of those days where the tech shares are not leaders of the pack. they are off their lows of the session. we are seeing strengths and other areas that have not been as loved as we come upload from march. -- as we come off the lows for march. nasdaq is starting to play catch up. we are st

this is bloomberg. ♪ vonnie: this is bloomberg markets. i'm vonnie quinn. around inequality continues as protests against police brutality see a resurgence across the u.s. many black-owned businesses seeing an uptick in demand on black.o buy as the pandemic drags on, how are these businesses continuing to bear? our next guest is the founder of marjani, cofounder of the brown beauty co-op, a retail space and incubator for beauty brands in washington, d.c.. kimberly smith, thank you for joining. you have done a wonderful job giving space to those that want to develop their own products. you are also a retailer. have you seen demand holdup through the pandemic? kimberly: it was a very scary beginning. art and april, like other small business owners, i wondered if we could keep our doors open past april, but we were fortunate enough to see an spending around the beginning of may. when the black lives matter movement started, really kicking off in june, myself and other businesses saw a large uptick in the amount of support for black-owned businesses. we saw qui

vonnie: the biggest u.s.index's faces massive shakeup this month and given all that is happen, it will probably be even more massive this year. talk to us about that in what we might see and how you might trade it. >> what is really happening is the big shift is an increase in duration that is going into the markets, particular on the i.t. side and even on the high-yield side, the influx of these fallen angels is a significant amount of long dated bond which means's duration risk is significant across the credit markets. one would be that the sensitivity of total returns to some of the rates and the spread modes will be more significant than we have seen in the past. looking at it from the issuer's side, they have logged in funding for much longer. to that extent, it eases some of the near-term sensitivity to a tighter financial condition from the issuer's standpoint. it does increase the mark to market risk but for a credit fundamental standpoint, the timing out of debt is a positive outcome. expect to hear

vonnie: this is bloomberg markets. i'm vonnie quinn.ort from the national restaurant association shows one in six restaurants have either closed for the long-term or permanently. 3 million restaurant workers still unemployed. craft owner and founder is with us now. can you tell us about your immediate plans? we heard from eric rippert. he is opening for indoor dining as soon as he can, he has the means, but other independent chefs who may not have decided not to. tom: sure. i am currently serving outdoors. we plan to do indoor dining when we can. is going to police that carefully. meaning if you are not eating, you must have a mask on in the restaurant. my staff wants to get back to work, but they also want to be safe. that is the number one goal. i think that is the most difficult thing. people come in, they take off their masks, and when the waiter comes to take their order, they refused to put it back on. that is something we cannot stand for, but we do plan on opening for indoor service. the problem with some restaurants, they are v

vonnie: there are information sessions,.to girls who invest.org to find out about those sessions and spread the word. guest, ceo ofur girls who invest. we wish you the best of luck. own wall street correspondent. coming up, why the bank of canada is keeping rates where it is. discuss with our guest from rosenberg research. we will also continue to follow governor cuomo's press conference in new york city. the latest is that indoor dining will commence september 30 at one quarter capacity. .5% of dining room capacity can be in use. this is bloomberg. ♪ mark: as we have been reporting, a new book by the washington post associate editor bob woodward claims president trump new how deadly the coronavirus was and deliberately misled americans. in a call, woodward says mr. trump told him covid-19 was more deadly than the flu. woodward adds that the president admitted in march that he deliberately minimized the danger. california's worst fire season on record is about to get worse. drycasters say a hot, autumn is threatening even mo

i'm vonnie quinn. welcome to bloomberg markets. in a few moments, stephen mnuchin will testify before the house select committee on the coronavirus crisis. we will bring you that hearing as congress and the white house are still deadlocked on stimulus talks tied to helping the economic fallout due to the pandemic. let's get a quick check on the markets. to rise continuing unabated today with the nasdaq leading the way. a rise in the s&p 500 of .4%. several good news stories out there for individual stocks. the market as a whole looking more toward new stimulus rounds. stopping it from rising. the 10-year yield at 69 basis points. inflation turning negative in europe today. muted atr index, barry 92.24. mnuchin setretary to testify before the house subcommittee investigating the federal response to the coronavirus pandemic. with us now to discuss is agf investments chief u.s. policy strategist greg valliere. we will hear from the treasury secretary. he will be asked about additional stimulus. we are hearing republicans are pulling t

vonnie: thank you so much.een a slow move to return to the office but it appears hedge funds may be dragging their feet. many of them telling workers that they will home into next year. we welcome our bloomberg hedge fund reporter. tell us what's going on which had -- with hedge funds? do they not need the office culture to keep their businesses running? >> what we are seeing in some of the biggest hedge funds is a slower move to bring their staff back in the new year. they have the furthest away plan to bring people back and they have told her staff not to come back until july 4 of next year. on a voluntary basis, they can come back in january. cautionthere is more and part of it may be within hedge funds waiting to see and learn from how other firms are coming back and seeing what lessons they can learn. and also firms that are not seeing any impact in productivity without put the same, they met not be as rushed to get people back to their desks. you get any reporting in on the smaller and large hedge funds,

vonnie: thank you so much for joining us today. always appreciate your insight. barry eichengreen of the university of california berkeley. coming up, counting down the fed decision, less than one hour away. we dig further into the central bank policy framework in a moment. this is bloomberg. ♪

vonnie: there is also a question of whether a fee would be involved, and with the president agree if there was no fee involved? pretty he has talked extensively about how he feels the u.s. should be compensated financially for its part in facilitating this, allowing tiktok to continue to operate in the u.s.

vonnie: tesla down 8% today.loser to the real valuation, or a fair valuation in this environment? or could there be a lot more to go? bill: i don't know enough about those businesses to know whether that is a fair price or not, but when i speak of some of the more highflying companies, a lot is predicated on what is going to happen in the future. what is interesting is when you have a world with almost 0% interest rates, the discount future, are very low. the companies which are growing can get to very high valuations, although the problem is small changes in your assumptions can lead to a very different outcome in terms of what a business is worth. i think those small changes in assumptions can relate to someone's confidence in what the future looks like. i think it is hard to see the future in an uncertain political environment and inherent uncertainty about the virus. cdc told states to prepare for possible distribution of a vaccine november 1. if there is a real vaccine distributed in scale before the end of

vonnie: what are your expectations for volume with no big ten or pac-12 games?tious with our forecasting. when we issued guidance in the last quarterly earnings call, we did not actually include college sports of any kind in our forecast. gainsl like if there are -- games that will be played, they can be done safely and that is some upside. we are not counting on it. i think for everybody, the more important thing is just to see sports, whether it is the nfl, college football, anything else -- to see them successfully manage through this gives everyone confidence or would give everyone confidence that as a country and globally that we figured out how to live in the world of coronavirus. i think it is a very big litmus test. if there's a setback, people will look and say we still haven't figured this out. if it goes well, it will inspire a lot of confidence with consumers. >> the relationship with michael jordan. how do you capitalize on that? other than having the most famous athlete in the world connected to your brand. really, as much as michael has accomplish

the kremlin spokesperson saying that well it was too soon to lump nord stream too in with the no vonnie only case at the moment now moscow had been not very happy at all with berlin for what it said was dragging its feet when it came to sharing data and information on alexina vonnie would now have confirmation from the german foreign minister that the process of getting that information that was requested over to russia has been greenlit and is on the way. through does i'm very sort of we've already agreed to russia's request fully legal assistance with all the russian ambassador this when we had a conversation with him last week who told him that if there was a request for a legal assistance we would agree to says there was no reason not to greeted. well the new seems to lead to a change of tone in moscow's approaches welt certainly less confrontational combative if you will from it dmitri peskov the kremlin spokesperson on monday certainly seems this the news this moscow's requests would be answered is helping matters. any minister and we have certainly noted the german farmers the st

shelton burke has condemned the apparent assassination attempt on russian opposition leader alexina vonnie the alliance wants moscow to cooperate with an international investigation kremlin critic now vali was poisoned with a nerve agent he's being treated in a brilliant hospital was. police in the u.s. have shot dead a far left activist suspected of killing a supporter of president trump officers opened fire while attempting to arrest michael rhino in washington state earlier rhino appeared to admit shooting a demonstrator during clashes in portland oregon i know that. lebanon has held a vigil to mark one month since the huge explosion which devastated the comp of the beirut mourners protesters and the military lined the streets many old so expressed their anger at the oath archies more than 200 people were killed and thousands injured in the blast this is the news from berlin follow us on twitter on the instagram or visit our website w dot com. or . feel that ciena valley a fad just world go away but russia doesn't seem to care now nato has joined in f. a growing list of international bo

russian opposition leader alexina vonnie has posted another picture of himself recovering in hospital the caption of the photo he shared on instagram said his path to recovery it was clear although long live army is being treated in hospital after being poisoned with a nerve agent that has been used before against kremlin critics thousands of people have again taken to the streets in the russian city of cutoffs to protest the detention of their regional leader governor. was arrested in july in a murder probe setting off months of protest in the far eastern city he believes that his supporters believe the charges against the opposition leader are politically motivated. the un is stepping up its support for refugees in the greek island of lesbos after a migrant camp burnt down last week a new shelters of the set up alongside new kovan 1000 testing sites the greek government says around 3 quarters of the some 12000 people left homeless by the fire now have a place to stay thousands of pro-democracy protesters are rallying in the streets of thailand of thailand's capital bangkok to demand

in an investigation into the poisoning of russian dissident alexander vonnie the alliance had held a special meeting to discuss the case of on the scene in investigating corruption in siberia shortly before he fell ill is in a coma in a hospital in the berlin eyes germany says it has evidence he was poisoned with a nerve agent that dates from the soviet era as the. secretary general again started back called the case a serious breach of international law that demands an international response. made dollars a green house serious questions it must answer the russian government must fully cooperate with the organization for the prohibition of chemical weapons an impartial international investigation those responsible for this attack must be held accountable i'm brought to justice thought we are joined on nato correspondent teri schultz in brussels terry you followed the special meeting of nato allies in the poisoning of kremlin critic not only what is their main response to russia well their heart nato isn't saying at this very early stage that russian officials or the russian governmen

. ♪ ♪ vonnie: i am vonnie quinn.l markets tina fordham joins with motorsights and general take the 2 billion-dollar equities estates in nikola and agrees to manufacture another pickup model. we have the details. we speak to impossible foods cfo david lee about expanding into canada. let us take a quick check of the markets. it is a bit of a selloff although we are moderating slightly. the dow is down, s&p down, it is the nasdaq bearing the brunt of the selloff down 2.5%. the nasdaq 100 after a 6.5 day drop on thursday and friday down more than 2%. crude oil knocking

entire set of instruments it could use in taking action against moscow for the poisoning of alexander vonnie chancellor angela merkel's spokesman has underlined that she would not rule out consequences of the multi-billion euro north stream to pipeline project if moscow fails to authority investigate the case he also says the german leader is open to all sanction options. the north stream to pipeline through the baltic sea means a lot to both parties for russia it's a source of solid foreign currency to germany and other e.u. countries it's a major energy conduit befalling the poisoning of russian opposition figurehead alexina vonnie a crime blamed on moscow the german government has for the 1st time considered holding construction of north stream to it wouldn't be the 1st time the e.u. has levied sanctions against russia the number of cases in which countries impose sanctions on others is climbing accelerating rapidly from 2004 on besides russia the countries most often targeted are iran and north korea as well as some african countries. the main pretext for such sanctions are violations of

poisoned russian opposition leader alexina vonnie is released from a german hospital and says there's a long and rehabilitation ahead. and a new power play in malaysia opposition leader ahmad abraham says he has the backing to topple the prime minister and form a new government. and i'm here to stand with the sports. discuss ways to host the game safely amid the coronavirus pandemic and in the n.b.a. playoffs the comeback is on yet again for the denver nuggets as they beat the los angeles lakers. 5 years after more than a 1000000 refugees arrived on the continent the head of the european commission has admitted its asylum policy isn't working on the land has told e.u. members they must all share the responsibility for refugees and take the pressure off mediterranean nations like malta italy and greece the u.n. says the use effort so far have often led to devastating human consequences. this package reflects of fair and reasonable balance between responsibility and solidarity among men but states we all share the benefits we all share the burden this package also reflects a very pragma

this is t w news coming to you live from berlin the poisoning of russian opposition leader alexina vonnie fuels diplomatic tensions with germany and russia disputing what happened and who's to blame for the affair is casting doubt on the future of a crucial international gas pipeline also coming up defying a dictator tens of thousands marching belarus calling for an end to the decades long rule of alexander lukashenko will his government crack under pressure from the people. hello i'm terry barton good to have you with us the recent poisoning of the russian opposition leader aleck's in the bonnie has raised tensions between germany and russia he is being treated in berlin after collapsing in siberia the german government says he was poisoned with a nerve agent nova truck the affair is casting doubt on the future of a strategic pipeline being built to carry russian gas to germany. construction is in the final stages yet the north stream to pipeline might never be completed because of the diplomatic storm over the poisoning of alexina valmy it is what you know not all over 100 companies are

the economic consequences of the poisoning of opposition leader alexina vonnie could be significant the rewards already plunged to its lowest level since the height of the coronavirus pandemic in the spring despite that some russians are taking the threat of new western sanctions in stride. right the government says that our economy is improving due to the sanctions and we are beginning to look like a developed country rather than a gas station so we are not afraid of any sanctions. so i think some sanctions will be imposed and the whole situation is quite tragic there will be a reaction the cause of some issues we already have some problems with the currency exchange rate it's quite worrisome. because. the e.u. and the us have had sanctions targeting whole sectors of the russian economy in place since 2014 when russia annexed crimea further sanctions could have a massive impact on the economy german investors withdrew more than a 1000000000 euros of investment capital in the 1st quarter of this year largely because of the political situation. to look at some of the other global busines

i'm vonnie quinn. welcome to bloomberg markets.e top stories we are following on the bloomberg and around the world. nancy pelosi and treasury secretary mnuchin sit down to discuss the latex stimulus proposal. investors trying to gauge the worth of these negotiations as talks reach a critical juncture. theulus talks ahead of first presidential debate between president trump and joe biden. the two are set to spar on topics like the supreme court and the handling of the coronavirus pandemic. of york city daily rate positive tests more than 3% for the first time in months in particular areas. this comes as the virus has already battered the city. a 40% 6000 closures and jump in bankruptcy filings across the region.

vonnie: i am vonnie quinn and welcome to "bloomberg markets."s we are following. showojections from the ecb the economy collapsing by 8% this year, slightly less bleak than the outlook three month ago. the euro strengthening after christine lagarde said she will be speaking -- a historic day on wall street. citigroup names its next ceo. he is the first -- she is the first woman to take the role that a major global bank. we will discuss the challenges ahead for her. citigroup and other banks are planning to return of their selloff. i speak with the ceo looking to clear the air literally for employees. let's get a quick check of the market. despite the choppy s

vonnie: it is 1:00 p.m. in new york. i am vonnie quinn. welcome to bloomberg markets.top stories we're following. theet volatility is back, s&p sliding to its lowest since late july. what is contributing to this selloff. tighter restrictions are looming around the globe. the director of johns hopkins school for public health advocacy on why she things we should use this moment to transform our public health system. traders might be grabbing a doughnut here and there to calm nerves, or add to them. the krispy kreme ceo on opening a times square location. let's get a quick check of the markets. we have been down and we have been down more. that is the story. the s&p 500 down 2.5%. the dow is actually down more than that. and the

i'm vonnie quinn. welcome to bloomberg markets.e the top stories from around the world we are following. before the house financial services committee, jay pamela said the u.s. economy has a long way to go before fully recovering from the coronavirus pandemic. and will likely need further report. point and aurning u-turn. boris johnson imposing new restrictions over rising covid-19 cases. he says the measures could last six months. to long-term lung damage. covid-19's lingering problems alarming scientists. let's get a quick check on the markets. a little mixed but also quiet today in the markets, except for currency markets. the dow is down .3%. the nasd u

convene on friday to discuss chemical weapons and the poisoning of a russian opposition leader alexina vonnie germany says it has unequivocal evidence that novell ne was poisoned with a deadly nerve agent from the navi chalk group moscow is denying any involvement but germany and its allies are calling on the kremlin to come up with some answers . what if while germany and the international community wait for russia to answer questions only it can surrounding the attempted murder of anti-corruption activists alexei navalny kremlin critics are already playing a finger at one man. there is only one person can be named as one them or putin because will he build or more than 20 years in power as so-called power vertical were actually nobody dares to sneeze will his permission save on that 2nd murderous attack on a major putin's political opponents and no one else could have done it there is 0 possibility that such a parisian could have been carried out without personal permission over the years the kremlin has been blamed for poisoning political foes something it denies denounced continued on thu

former russian spy assegais scribal and his daughter in britain. 2 years ago alexina of only alexina vonnie was a victim of an attack of a chemical nerve agent of the not regional group this poison could be identified unequivocal in tests so it's clear that alex you know the victim of a crime he was supposed to be silenced and i together with the entire german government condemn this in the strongest possible terms this is disturbing information about the attempted murder through poisoning against a leading russian opposition figure of well we'll get reaction from the white house where kimberly's health has just standing by and also from the dame bother he's in london but 1st let's go live to journalist alexander soil of the court for she is in moscow alexandra moscow here perhaps unsurprisingly pushing back on all this. yes of course it's not surprise their response which says on one hand the russia is ready to fully cooperate for an exchange of information and they tend findings which means that it should go both ways that they should be granted access to the findings of that with a round

take a look now at some other stories making news around the world russian opposition leader alexina vonnie has posted another picture of himself recovering in hospital the caption of the photo he shed on instagram said his path to recovery was clear although long the vollies been treated in a bubble in hospital after being poisoned with a nerve agent that's been used before against kremlin critics. thousands of people have again taken to the streets in the russian city of how about all of us to protest the detention of their regional leader governor a surrogate for gov was arrested in july in a murder probe setting off months of protests in the far eastern city his supporters believe the charges against the opposition leader a politically motivated. the greek government says over $200.00 people have tested positive for coded at a new refugee shelter on the island of lesbos europe's largest refugee camp burnt down earlier this month leaving some $12000.00 homeless the migration ministry says 3 quarters of them have today moved to a new camp which is already for. a hurricane like storm in th

investors to pull out of russia the economic consequences of the poisoning of opposition leader alexina vonnie could be significant the rewards already plunged to its lowest level since the height of the corona virus pandemic in the spring. despite that some russians are taking the threat of new western sanctions in stride. right the government says that our economy is improving due to the sanctions and we are beginning to look like a developed country rather than a gas station so we are not afraid of any sanctions. so i think some sanctions will be imposed and the whole situation is quite tragic there will be a reaction that causes some issues we already have some problems with the currency exchange rate it's quite worrisome. because. the e.u. and the us have had sanctions targeting whole sectors of the russian economy in place since 2014 when russia annexed crimea for the sanctions could have a massive impact on the economy german investors withdrew more than a 1000000000 euros of investment capital in the 1st quarter of this year largely because of the political situation. now time for a lo

freedom fighters all over the world we never had the doctors here in berlin who are treating alexina vonnie they they say that he may not fully recover from this poisoning what does that mean then for the opposition in russia. over the years alexei imagist as the most prominent opposition politician but he is quite unique in russia in that he has created a political organisation. and me geraghty zation and. there are there are more than 200 people working full time. in the various activities and there are hundreds of thousands if not millions of supporters of what alexei and. has been doing so i think the movement will continue. even though for now we feel great absence of alexei i hope that she recover soon and she recovers fully and will be back at the forefront of this fight you know i'm sure there are a lot of people who share that sentiment with you if you look at the situation as it is now it appears that the russian secret service under vladimir putin can act and do what it wants with impunity what does that mean for people like you who are living abroad do you feel that you know the

russian opposition leader alexina vonnie has been discharged from the hospital in berlin where he was being treated for poisoning with a nerve agent the kremlin a critic says he still faces a long a rehabilitation process of on he was airlifted to germany last month after becoming sick during a visit to siberia. france has again reported more than 13000 new coven 1000 infections in the space of 24 hours the french government is announcing sweeping new measures to stop the spike is the popular tourist destinations of brittany and normandy have been added to a list of high risk coronavirus zones by germany. new coronavirus infections are also on the rise and neighboring spain the capital madrid has become the epicenter of the outbreak there authorities have introduced a new restrictions to try and contain the spread of many residents aren't happy they say the new measures unfairly target the poor. madrid is now a city divided by invisible borders under does bridge police are checking cars driving. in and out of vijay because the district is in lockdown because of the high number of curr

russian opposition leader alexina vonnie has been discharged from the hospital in berlin where he was being treated for poisoning with a nerve agent the kremlin critic says he still faces a long rehabilitation process of all he was airlifted to germany last month after becoming sick during a visit to siberia. at least $380.00 of the whales beached off the australian island of tasmania have now died it's believed to be the country's biggest stranding event on a record rescuers have managed to save 50 of the animals but dozens are still stuck in the shallow water. well the european commission is trying again to create a coherent and humane way of dealing with migrants and asylum seekers it's unveiled a plan by which e.u. member states like hungary and poland which refuse to accept migrants would instead offer money equipment or personnel to help patrol borders european commission president or so left on july and appealed to member states to show solidarity with one another and rise to the challenge of migration. a camp on the greek island of some most fit for 500 people it houses 5000 i

photo he shared on the social network instagram said his path to recovery was clear although long vonnie is being treated in hospital after being poisoned with a nerve agent that's been used before against the kremlin critics the greek government says over 200 people have tested positive for a corona virus at a new refugee shelter on the island of lesbos europe's largest refugee camp burned down earlier this month even some $12000.00 people homeless the migration ministry says 3 quarters of them have today moved to a new camp which is already full. well mourners have been laying flowers i've signed the supreme court building in washington d.c. in tribute to the late supreme court justice ruth bader ginsburg she died on friday at the age of 87 from pancreatic cancer ginsburg had spent 27 years as a member of the court and had built up a formidable reputation as its most liberal judge her death has led not only to an outpouring of tributes but it's also kicked off a political battle about who will replace or u.s. president donald trump says he wants to fill her post with a conservative jud

for years alexina vonnie has been fighting to rid russia of what he calls crooks and thieves and you must the united russia party has always won for 20 years and even if they lost using fraud they won anyway. the outspoken opposition figure has organized numerous anti-crime one protest has been arrested several times for civil disobedience and even attempted to get on the ballot to run for president and 2080 his bid was blocked by the courts. but now the lies in an induced coma at a berlin hospital clinging to life. german chancellor angela merkel calls the suspected poisoning attempted murder. scene of only is the next in of all is the victim of a crime he was meant to be silenced and i condemn this and the sharpest possible manner and the name of the entire german government schefter. of all news one of president vladimir putin's fiercest critics jamming up a vocal and growing opposition against police 20 year grip on power that nobody has suffered physical and verbal attacks in recent years the attorney an anti-corruption activist fell ill on a flight from the city of tomsk in sib

moscow that in the headlines on a probe into the alleged poisoning of opposition figures alexina vonnie is the russian side looks to travel to berlin now for more information on. the issue royals german lawmakers as they clash over how best to deal in their eyes with the kremlin at a fiery debate in parliament. why does not only needs. level of protection from our security services political murder is part of the putin system why would the russian government be so stupid and even let nobody fly out to germany instead of hiding him in russian and british counties will reimpose coronavirus restrictions the country with this is the disturbing spike in co.

not by any on the russian foreign ministry said the regarding the incident with no vonnie they were able to interview all the people accompanying him except for one the 6th marine a pitcher who avoided giving evidence by flying to germany she went on her own not with novotny does the federal government know that marina pitcher is in germany and how do you view her decision to avoid being interviewed by the russian investigators. bear in mind that i cannot tell you anything about this we must not forget that there was a murder attempt against mr involving with the use of a poisonous substance but i can't tell you anything about the location of an individual just as you know a focus off of. the 6 the russian investigators did interview the people accompanying miss nevada only despite claims that they are not investigating 5 out of 6 of them assisted in the investigation and one avoided questioning and fled to germany shouldn't germany say yes we know marina have chick is in germany and assess why this person actively avoided questioning after all the other 5 allowed themselves to be questi